Nifty 8642/Sensex 28065/Bank Nifty 19002
22 Advances /29 Declines/ 0 Unchanged
Most Active Stocks: Maruti Suzuki ,Wipro , SBI
“Sensex slips over 150 pts; TCS, Tata Motors down 2%”
“WPI inflation rises to near two-year high of 3.55% “
Nifty 50 showed a volatile and weak session for the day but picked up pace on latter half of the session as Nifty 50 tried to hold 8600 on closing basis and was in range bound mode throughout the session as investors maintained a Stock specific approach for the day and hence we saw Nifty 50 open at 8670 on a flat note and made low of 8600 as WPI inflation data which showed 2 year high of 3.55% created some temporary panic and finally closed the weak and range bound session at 8643 with loss of 30 points or decrease of 0.34% to the index.
FII Activity for 12/08/2016
• In the cash market today, FII’s bought 1203.71 crores stock whereas DII’s sold -392.47 crores worth of stock.
• In the derivative market, FII’s sold -173.66 crores of Index futures and bought 1025.84 crores worth of Index options.
• In the Stock futures segment, FII’s bought 612.83 crores worth of stock futures and sold -48.6201 crores of stock options.
Key highlights of 17th August 2016
• RBI's inflation goal doable, see 25 bps rate cut in Q4: Mizuho .
• Infosys' FY17 sales aim may hit snag as RBS calls off bank deal .
• New products, regulatory approvals to drive growth for Glenmark .
• Commercial fin disbursements may grow at 15-17%: Reliance Cap.
• Aim to surpass industry volume growth of 5-6%: United Breweries.
• Cadila gets EIR from USFDA for Changodar facility.
• Indiabulls Housing Finance may move to Rs 880: Mitesh Thacker.
• Steel price dip, altered contract structure hit sales:Jindal Saw.
• Aiming for Rs 410 crore revenue in coming quarters: RPP Infra.
• Hike Messenger raises $175 mn led by Tencent, Foxconn.
• SBI aims to maintain margin, complete merger process by FY17-end .
• 3,000 jobs to get affected post RBS project scrap: Infosys.
Today's Results Awaited
• RADICO
• PHILIPCARB
Our Blog Call To Buy Vedanta around 166—165 (Cash/Fut) proved great as it made High of 171 before settling at 170.55 on closing.
Our Call To Buy Hindalco (Fut) around 150 proven great as it made a high of 155.50 before settling at 154.50 on closing. We booked full profit around 155.
Our Call To Buy Hind Zinc (Fut) around 222--221 proved great as it made high 229 before settling at 228.50 on closing. We booked full profit around 229.
Our Call To Buy Sintex (cash) around 72.50 proved great as it made High 73.15 before settling at 72.80 on closing. We booked full profit around 73.00
Our call To buy CESC (Fut) around 648 proven great as it made a high 656.75 before settling at 655.50 on closing. We Booked full profit around 652.
Our Call To Buy Voltas 370 CE(Option) around 6 proved great as it made High 9.00 before settling at 8.00 on closing. We Booked Part Profit around 7.00—9.00.
Our called proved fruitful even in turmoil market
“Hope you all Minted money” Just trade with level and you will mint money.
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Now what to expect next??
NIFTY FUTURES : Nifty 50 futures is showing immediate resistance intact at 8720---8760. If this level is positively breached and sustained then we will see further upside move in it.
Nifty 50 Futures has support intact at 8580. If this level is negatively breached and not sustained then we may see next support building around 8480--8450
BANK NIFTY: Bank Nifty futures traded some range bound movement and overall trend of the day was flat as Bank Nifty opened at 19029 but showed some weakness as WPI data of 3.55% of 2 Year high and created some panic as at made low of 18842 but showed some respite or pullback as panic cleared in market and hence made high of 19091 before finally closing the flat session at 19032 with 38 points or increase of 0.20% to the index.
Bank Nifty futures is showing immediate resistance at 19200. If this level is positively breached and sustained then only we will expect further upside move else it could test its support level of 18700 again.
Today's Top Pick
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