Nifty 8867 /Sensex 28797 / Bank Nifty 20245
9 Advances /42 Declines/ 0 Unchanged
Most Active Stocks:, SBI,Tata Steel, ICICI Bank
“Sensex tanks 248pts, Nifty ends below 8900; ITC down 2%, ONGC up
ONGC, Wipro, TCS, GAIL and Relaince were top gainers while Axis Bank, Bajaj Auto, ITC, Hero MotoCorp and HDFC were losers in the Sensex.
Nifty 50: Nifty 50 showed a weak session as it cracked almost 86 points and showed intense weakness throughout the session as all Asian Indexes were in red as negative news from North Korea Nuke Test created panic and triggered profit booking in Indian markets as investors were weary to carry on position on Friday for next week amongst global economic uncertainty. Nifty 50 opened weak at 8934 and from there made high of 8934 before panic could dominate the session and hence Nifty 50 was unable to hold 8900 and made low of 8859 before closing the weak session at 8867 with loss of 86 points or decrease of 0.96% to the index.
“Yes Bank shares fall 6% more as $1bn fund raising plan deferred”
Shares of Yes Bank extended its loss for another day after it withdrew its fund raising plans. Stock price of the privare lender fell 6 percent intraday on Friday after losing 5 percent yesterday. In less than 24 hours after launching, YES Bank pulled the plug on its billion dollar fund-raising plan via qualified institutional placement (QIP). MD & CEO Rana Kapoor blamed it on confusion over QIP guidelines.
UPCOMING RESULTS
• ALOKTEXT
• HINDNATGLS
• NLCINDIA
• PREMIERPOL
• SANDESH
• Alok Industries
• Bajaj Hind
• Escorts Finance
• Gammon India
• Gitanjali Gems
• Metalyst Forgin
• NALCO
Company Result Analysis & Summary
• FTIL posts net profit of Rs 12.36 cr in Apr-June quarter.
• SAIL's Q1 net loss widen to Rs 534.92 cr.
• JSPL Q1 net loss doubles to Rs 1,082 cr.
• Puravankara Q1 net down 67% at Rs 10.24 cr.
• Essar Shipping Apr-Jun quarter loss at Rs 50 crore.
Our Call To Buy Reliance Capital (FUT/Cash) around 520 proved great as it flared and made High of 567.40 before settling at on 555.80 closing. We Booked full profit around 550.
[Profit of 45000 on 1 Lot]
Our Call To Buy Biocon (Fut) around 920 proved great as it flared and made High of 945.20 before settling at on closing 909.80 on closing. We Booked full profit at 940.
[Profit of 22000 on 1 Lot]
Our Call To Buy Sunpharma (FUt) around 808--805 proved great as it flared and made High of 819.90 before settling at on closing 797.75 on closing. We Booked full profit at 818—819.
[Profit of 8400 on 1 Lot]
Our Call To Buy Yes Bank (FUt) around 1265—1260 proved great as it flared and made High of 1321.90 before settling at on closing 1282.50 on closing. We Booked full profit at 1296—1300.
[Profit of 2800 on 1 Lot]
Our Call To Buy Arvind 330 CE (Option) around 16 proved great as it flared and made High of 19.10 before settling at 16.40 on closing. We Booked part profit around 19.
[Profit of 6000 on 1 Lot]
Our Call To buy Wockhardt Pharma 840 CE (Option ) around 30 proved great as it flared and made High of 70 .05 before settling at on 45.10 closing. We Booked full profit around 65.
[Profit of 2100 on 1 Lot]
We minted money even in volatile markets and is there any one providing fruitful calls with all technical levels for free……….
Now what to expect next??
Nifty Future
We exited from our 80℅ calls. Global market crashed vertically and we will expect same in Indian markets too.
Recent high is very crucial and from now onward we will expect heavy correction in Nifty and Bank nifty.
Our upper side target of 9000---9100 almost achieved. Now we will expect correction till 8300 mark in Nifty. Don't jump to buy aggressive in the market.
More details will provide during market hours
