Nifty 8528/Sensex 27788/Bank Nifty 18905
33 Advances/ 18 Declines/ 0 Unchanged
Most Active Stocks: Bharti Airtel, Infosys, SBI
“Nifty ends below 8550, Sensex flat; Reliance, TCS, ONGC gainers”
S&P BSE Oil & Gas, S&P BSE Auto, S&P BSE Healthcare, S&P BSE PSU were among gaining Sectors and S&P BSE FMCG ,S&P BSE Consumer Goods, S&P BSE BANKEX among dragging sectors.
Nifty 50 traded with volatility on Tuesday and opened in an undecided note as Q1 result seasons started and hence Nifty 50 traded with volatility as bulls and bears were unable to decide trend and therefore traded with immense volatility as it opened undecided at 8514 and from there made low of 8477 and then made high of 8540 before closing the highly volatile session at 8529 with gain of 0.23% or increase of just 0.23% to the index. Nifty 50 was unable to hold 8550 on closing but was able to hold 8500 on closing.
Key highlights of 19h July 2016
• Govt allocates Rs 22,915 cr for PSU bank re-capitalization.
• Wipro Q1 $ revenue seen up 2%, may guide 1.5-3.5% growth in Q2.
• PwC says Ricoh India accounts falsified; FY16 loss at Rs 1123 cr.
• Strong operational performance lifts UltraTech's Q1 profit 26%.
• Banks likely to disburse Rs 1.8 lakh cr under MUDRA in FY17.
• After snapping up JP's Bina plant, JSW keen to shop more.
• Over 8,100 wilful defaulters owe banks over Rs 76,600 cr.
• 4G data pack price cut to boost telcos' revenue: UBS AG.
• Expect slippages to cross 2% in next 6 quarters: City Union Bank.
• See 6% hit to Oil India FY18 EPS due to royalty on crude: IDBI.
• Essel Propack launches new unit in Colombia.
• Pil Italica bags Rs 75-lakh order from Vijayawada municipality.
TODAY RESULTS AWAITED
Crompton Greaves
FOSE COIND
KITEX
LAKSHMIO
SASKEN
SKFINDIA
ABB
PLASTIBLEN
NUCLEUS
IFBAGRO
“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??
NIFTY FUTURES: Nifty 50 was in same trajectory to spot nifty and showed immense volatility for the session as negative Q1 results of heavyweights kept disappointing the market along with positive results from Wipro and Ultratech cement and hence we saw Nifty 50 futures open at 8540 and from there made low of 8487 as profit booking dominated the first half of the session and then showed some pullback to make high of 8564 before closing the volatile range bound session at 8561 with gain of 51 points or increase of 0.60% to the index.
Nifty futures is settled at 8561.
Nifty 50 futures is showing immediate Resistance intact at 8600--8620 .If this level is positively breached and sustained then next Resistance around 8650--8690.
Nifty 50 Futures has support intact at 8530--8500 .If this level is negatively breached and sustained then we may see next support building around 8450--8400.
BANK NIFTY: Bank nifty eventually started with some hiccup as markets were opened on an undecided note and showed intense range bound volatility as it opened undecided at 18995 and from there looked under panic or profit booking pressure as it made low of 18855 but eventually showed strong pullback as much needed stimulus was provided by influx of 22915 crore as part of re capitalization for PSU bank sector an hence made high of 19074 before closing the volatile session at 18978 with gain of just 19 points or increase of 0.10% to the index.
Bank Nifty futures is showing immediate Resistance at 19050--19090 .If this level is positively breached and sustained then next Resistance around 19180--19200.
Bank Nifty Futures has support intact at 18900--18850.If this level is negatively breached and sustained then we may see next support building around 18720--18700.
More will update soon!!
