Nifty 8810/Sensex 28532/Bank Nifty 19883
33 Advances /16 Declines/ 2 Unchanged
Most Active Stocks: Infosys, Tata Motors, HDFC.
“Nifty reclaims 8800, Sensex gains over 100 pts; Bharti up 3%”
Nifty 50: Nifty 50 showed a positive and improved session for the day as it tried to hold 8800 for the entire session as bulls and bear were undecided for the opening session as important US job data created some uncertainty and hence investors maintained a stock specific approach as Nifty 50 opened positively at 8796 and from there made high of 8824 before finally closing the improved and positive session at 8810 with gain of 35 points or gain of 0.40 % to the index.
“L&T Tech Services fixes IPO price band at Rs 850-860/sh”
L&T Technology Services, the subsidiary of engineering & construction major Larsen & Toubro, has fixed a price band for its public issue at Rs 850-860 per share.
The offer by engineering research and development (ER&D) services company will be opened for subscription on September 12 and will close on September 15.
UPCOMING RESULTS
• ESL
• HMT
• JINDALPOLY
• KOLTEPATIL
• NITINFIRE
• OIL
• SITINET
Company Result Analysis & Summary
• BPCL's June quarter profit up 11% on inventory gains.
• MCX net up 55% in June quarter.
• Indiabulls Housing Finance to raise up to Rs 100 crore via non-convertible debentures.
• Whirlpool Q1 net profit up 26% at Rs 122 crore.
• ABFRL Q1 net loss narrows to Rs 21 crore.
• TVS Motor sales grew 20% in August.
• United Breweries Holdings Q4 net loss narrows to Rs 43 crore
Our Call To Buy PVR (Cash) around 1265—1260 proved great as it flared and made High of 1296 before settling at 1279 on closing. We booked part profit around 1290--1295.
We Minted Money even in Volatile markets and is there any one providing fruitful calls with all technical levels for free……….
“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 futures is showing immediate resistance at 8880—8920. If this level is positively breached and sustained then next resistance around 9100---9200 mark.
It has support intact at 8790 .If this level is negatively breached and not sustained then we may see next support building around 8720---8680 mark.
Today's Top Pick
Sun pharma... Support at 740 and resistance at 780. Break and sustain above 780 will take to 820---830 and then to 855+ mark in days to come.
It seems that Sun pharma likely to bottom out for time being and will see upside rally in it.
Traders can buy and accumulate Sun pharma in panic with stop loss below 740 on closing basis.
