Nifty
8519/Sensex 27815/Bank Nifty 18619
17 Advances/ 34 Declines/ 0 Unchanged
“Sensex flat, Midcap underperforms; ONGC, GAIL, Tata Steel rally”
17 Advances/ 34 Declines/ 0 Unchanged
“Sensex flat, Midcap underperforms; ONGC, GAIL, Tata Steel rally”
S&P BSE IT ,S&P BSE Metals ,S&P BSE Oil & Gas, S&P BSE Teck were among gaining Sectors and S&P BSE Auto ,S&P BSE Small cap ,S&P BSE consumer durable,S&P BSE capital goods,Nifty midcap 100 were among dragging Sectors.
Nifty 50 showed a highly volatile session as profit booking dragged nifty towards lower level and also the fact that INDIA VIX showed increase of 3 points indicating that volatility could remain as Nifty 50 opened positively with a gap up open at 8540 and made high of 8550 before profit booking could dominate the latter half of session as it made low of 8494 before closing a volatile session at 8520 and was able to hold 8500 on closing basis indicating positional strength.
Key highlights of 13h July 2016:
Lenders approve Rs 16,189 cr Jaypee-UltraTech deal: Sources.
High retail inflation diminishes India's rate cut hopes.
Indiabulls group stocks fall 5-10%; I-T raids co offices.
Govt to begin oil & gas auctions with road shows in US, Canada.
HCC's lenders to restructure its loans under RBI S4A scheme
Govt may up kerosene prices by 25p every month.
Cairn India, Vedanta rally 18-21% in 3 consecutive sessions.
Jai Corp surges 9% after green clearance to Navi Mumbai Airport.
Ashok Leyland wins Rs 450 cr bus orders, eyes bigger mkt share.
Tech Mahindra Q1 net may dip 16.5% to Rs 747.9 cr: ICICIdirect.
Cyient Q4 PAT seen down 6% at Rs 79 cr: Motilal Oswal.
Infosys Q1 net seen down 4.8% to Rs 3423.3 cr: ICICIdirect.
RPP Infra up 8% on order win worth $ 10.36 mn in Sri Lanka.
Our Call to buy Bank Nifty (Fut) around 18420---18400 proved great as Bank nifty (Fut) made high of 18728 before settling at on closing at 18642 . We Booked part profit above around 18700.
Our Call To Buy BHEL (Fut) above 142 proved great as BHEL (Fut) made high of 147.35 before settling at on closing at 141.30 . We Booked part profit around 146.
Our call To Buy Hindalco (Fut) around 134.20--134 proved great as Hindalco made high of 140.30 before settling at 136 on closing. We booked part Profit around 138.20.
Our call To Buy Reliance (cash/Fut) around 987--995 proved great as Reliance made high of 1019.40 before settling at 1010.40 on closing. We booked part profit around 1014—1016
Our call To Buy Exide 380 CE (option) around 6.00 proved great as it made high of 9.05 before settling at 8.45 on closing. We booked part profit around 8.80—9.00
Our called proved fruitful even in turmoil market
“Hope you all Minted money” Just trade with level and you will mint money.
Still need trial... need not to worry at all? Watch more!!
Cairn India, Vedanta rally 18-21% in 3 consecutive sessions.
Jai Corp surges 9% after green clearance to Navi Mumbai Airport.
Ashok Leyland wins Rs 450 cr bus orders, eyes bigger mkt share.
Tech Mahindra Q1 net may dip 16.5% to Rs 747.9 cr: ICICIdirect.
Cyient Q4 PAT seen down 6% at Rs 79 cr: Motilal Oswal.
Infosys Q1 net seen down 4.8% to Rs 3423.3 cr: ICICIdirect.
RPP Infra up 8% on order win worth $ 10.36 mn in Sri Lanka.
Our Call to buy Bank Nifty (Fut) around 18420---18400 proved great as Bank nifty (Fut) made high of 18728 before settling at on closing at 18642 . We Booked part profit above around 18700.
Our Call To Buy BHEL (Fut) above 142 proved great as BHEL (Fut) made high of 147.35 before settling at on closing at 141.30 . We Booked part profit around 146.
Our call To Buy Hindalco (Fut) around 134.20--134 proved great as Hindalco made high of 140.30 before settling at 136 on closing. We booked part Profit around 138.20.
Our call To Buy Reliance (cash/Fut) around 987--995 proved great as Reliance made high of 1019.40 before settling at 1010.40 on closing. We booked part profit around 1014—1016
Our call To Buy Exide 380 CE (option) around 6.00 proved great as it made high of 9.05 before settling at 8.45 on closing. We booked part profit around 8.80—9.00
Our called proved fruitful even in turmoil market
“Hope you all Minted money” Just trade with level and you will mint money.
Still need trial... need not to worry at all? Watch more!!
Now what to expect today?
Nifty futures And Bank Nifty futures levels:
Nifty futures is settled at 8517. Nifty futures is showing immediate resistance intact at 8560---8600. Still looks positive and could test its resistance. Further upside rally will see only weekly close above 8600 mark.
Above 8000... target intact 9100---9200+ mark in days to come.
It has immediate support intact at 8420--8350.
Bank nifty futures overall theme was profit booking and showed some volatility as it tried to hold 18650 on closing. Bank nifty opened positively with a gap up at 18728 and and could not hold this level as profit booking could dominate the later half of session and therefore made low of 18583 before closing the session at 18642 and shedded 54 points or decrease of 0.29% to the index.
Bank Nifty futures is showing immediate Resistance at 18730. If this level is positively breached and sustained then next Resistance around 19000---19200+ mark in days to come while it has crucial support at 18400.
Trade with levels only.
Today's top pick
Hope you all enjoyed rally in Reliance industries and Tata steel.
Today's top pick will update on application during market hours. So download it now.
.......................................................................
