Equity Research Lab :- Nifty Report 23 May 2017

Equity tips:-
      
NIFTY SPOT :   R1:9481                            R2:9519                       R3:9530
PIVOT : 9454    S1:9389                             S2:9416                        S3:9400

stock future tips

 

INDEX OUTLOOK 

Nifty is likely to open in a negative note. Momentum indicator like RSI is likely to wave red flag in the favour of bears. Bears are like to get served by bulls for today’s trading session. As we noticed nifty was trading at PE of 24.80 which is not suitable according to current scenario. We are expecting nifty to apply for a steep correction in upcoming trading sessions.

Strategy: short nifty around 9475 with a stop loss of 9510 for the target of 9430
 

SECTORIAL INDICES

 CORPORATE NEWS  

Results Today: Tata Motors, Jindal Steel & Power, NCC, Torrent Power, Voltas, Prabhat Dairy, Sequent Scientific, Novartis India, Radico Khaitan, Kolte Patil, Jubilant Life Sciences, Johnson Controls Hitachi Air Conditioning, Entertainment Network, Essel Propack, Bharat Gears, Capital Trust, Century Plyboards, Future Retail, Cineline India, Clariant Chemicals, Cupid, DCM Shriram Industries, Balaji Telefilms, Ballarpur Industries, Advani Hotels Resorts, Genus Power Infrastructures, Goodricke Group, Grindwell Norton, Himatsingka Seide, Hindustan Composites, Indowind Energy, Ind-Swift Laboratories, Infinite Computer Solutions India, Ingersoll-Rand, Ion Exchange, J B Chemicals, JHS Svendgaard Laboratories, Moser Baer, Oriental Carbon Chemicals, PPAP Automotive, Saurashtra Cement, Shriram EPC, Subros, TCI Express, APL Apollo Tubes, TRF

• Reliance Comm Says: CARE Downgrades Co’s Long-Term Loans To BB From A-; Put On Credit Watch CARE Downgrades Co’s Short-term Loans From A2+ to ‘A4; CARE Puts Co’s Loans On Credit Watch With Developing Implications SRF setting-up of a facility to produce agrochemical at SRF's Chemical Complex in Dahej, Gujarat at an estimated cost of Rs. 180 Crores 
• Prakash Industries Issuance of New FCCBs 
• MT Educare subsidiary Lakshya Educare, has been sanctioned a long term debt facility from Xander Finance (Xander) of Rs 110 crore 
• Shipping Corporation of India (SCI) Has given physical delivery of its 1 container vessel m.v. ‘Indira Gandhi' to its buyer 
• Adani Enterprises Company to delay decision on Australis mine 
• Clariant Chemicals Swiss group Clariant (global parent) announced an all-stock deal to merge with the US-based Huntsman Corp

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SENSEX OPENS 100 PTS HIGHER , NIFTY ABOVE 9400 | TODAY STOCK MARKET TREND OUTLOOK 15 MAY 2017.

STOCK MARKET NEWS

Equity benchmarks stated off the week on a positive note, with the Sensex rising over 100 pts despite mixed Asian cues.

The 30-share BSE Sensex was up 110.51 points at 30,298.66 and the 50-share NSE Nifty rose 28.70 points to 9,429.60. About 670 shares advanced against 222 declining shares on the BSE.

ICICI Bank, ONGC, Tata Steel, HDFC, Axis Bank, Hindalco and Dr Reddy's Labs were early gainers while Cipla, Infosys, Hero Motocorp, Wipro, Bharti Airtel, BPCL and Bharti Infratel were losers.

The Indian rupee has opened higher by 18 paise at 64.12 per dollar against Friday's closing of 64.30.

Pramit Brahmbhatt of Veracity feels weak economic data released on last Friday as well as positive cues from domestic equity market may trigger a fall in the dollar.

According to him, the rupee may breach 64.20/dollar levels and the spot USD-INR pair is likely to trade in the range of 64-64.40/dollar.

The dollar index is slightly lower against a basket of major currencies after US economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe-haven yen.

Asian markets were mixed despite concerns over trade protectionism during the G7 meeting in Italy and North Korea's latest missile launch at the weekend.

NIFTY OPENS ABOVE 9400,SENSEX HIGHER | TODAY NIFTY TREND UPDATE 12 MAY 2017.

TODAY NIFTY OUTLOOK

Equity benchmarks started off last day of the week on flat note with a positive bias as investors awaited more corporate earnings after digesting good monsoon forecast.

The 30-share BSE Sensex was up 45.86 points at 30,296.84 and the 50-share NSE Nifty rose 14.30 points to 9,436.70.

Infosys, SBI, Tata Motors, HUL, M&M, Bank of Baroda and Kotak Mahindra Bank were early gainers while TCS, Bharti Airtel, ICICI Bank, HDFC Bank, Axis Bank, Bharti Infratel and Indiabulls Housing were losers.

The Indian rupee opened higher by 5 paise at 64.33 per dollar versus previous close of 64.38.

Ashutosh Raina of HDFC Bank expects the rupee to continue trading in 64.20-64.70/dollar range, with a weakening bias.

The dollar fell while treasury yields reversed earlier declines, as political uncertainty in the United States sent investors in search of safer investments like gold and the Japanese yen. The dollar fell half a percent versus the yen.

Markets in Asia were mostly weaker, with the Japan's down 0.7 percent, following weak earnings from US retailer Macy's and ahead of the G7 finance meeting in Italy.

SENSEX,NIFTY OPEN AT FRESH RECORD HIGH | TODAY SHARE MARKET TREND OUTLOOK 11 MAY 2017.

MARKET UPDATE

Equity benchmarks continued their positive performance, with the Nifty opening at a fresh record high of on Thursday. Indices opened comfortably above their new milestones.

The Sensex was up 52.38 points at 30300.55, while the Nifty was up 26.10 points at 9433.40. the market breadth was healthy as 629 shares advanced against a decline of 172 shares, while 45 shares were unchanged.

Midcaps and banks gained around half a percent, along with the IT index.

Mahindra & Mahindra, Tata Steel, Hindalco and Zee Entertainment were the top gainers, while Bharti Airtel and HUL lost the most.

HCL Technologies was up over 1 percent following its better than expected Q4 results, while Zee Entertainment gained 3 percent on the back of strong March quarter performance.

Asian indexes were cautiously higher in early Thursday trade, following a mixed close stateside as investors noted Snap's USD 2.2 billion loss, and monitored potential fallout on President Donald Trump's policies after FBI Director James Comey was fired.

Comey was dismissed by US President Donald Trump yesterday reportedly to increase public trust. The search for Comey's replacement is underway.

The Nikkei 225 edged up 0.2 percent while South Korea's benchmark Kospi index added 0.55 percent on Thursday. The ASX 200 was slightly higher, gaining 0.04 percent in early trade.

US stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.

The Dow Jones industrial average lost ground, while the Nasdaq closed at a record high.

DALAL STREET RALLY CHEERS PEs LOOKING TO EXIT | TODAY MARKET NEWS UPDATE 06 MAY 2017.

TODAY MARKET NEWS

The recent stock market rally that helped the Sensex cross the 30,000 mark has buoyed many private equity investors as a majority of PE-backed firms that entered the market in recent years are trading at up to 300% more than their listing price.

Of the 67 IPOs in past five years, 42 — that is, 63% — have shown positive returns of between 25% and 300%, an ET analysis shows.

“IPO has been one of the most sought-after exit routes for PEs and with the markets going up, if t .

stock market news

NIFTY FALLS BELOW 9350 IN OPENING,SENSEX LOWER | TODAY STOCK MARKET UPDATE 05 MAY 2017.

STOCK MARKET NEWS

Equity benchmarks started off last day of the week on a negative note, with the Nifty falling below 9350 level on profit booking after a rally in previous session on account of RBI's approval for amendments to Banking Regulation Act.

The 30-share BSE Sensex was down 73.03 points at 30,053.18 and the 50-share NSE Nifty fell 23.20 points to 9,336.70.

Bank stocks continued their run up after President gave a nod to ordinance dealing with NPAs, amendment to Banking Regulation Act.

Reliance Industries, Asian Paints, Lupin, Coal India and Dr Reddy's Labs were early gainers.

The rupee opened 6 paise weaker against the dollar at 64.22 as nationalised banks bought the greenback heavily in early trade.

"The USD seems to have taken a breather ahead of US Jobs data later today and second round of French Presidential elections later this week, after a hawkish FoMC," Ashutosh Raina of HDFC Bank said.

The USD-INR pair continues to consolidate around the current levels. He expects the rupee to trade in the 64.10-64.40 range ahead of the crucial data today.

Asian markets struggled as traders await the US nonfarm payrolls data later and after drops in commodity prices overnight. The Australia's ASX 200 fell 0.74 percent while Hong Kong's Hang Seng Index was down 1.06 percent. The China's Shanghai Composite shed 0.68 percent.

Markets in Japan and South Korea remain shut for the Children's Day holiday.

SENSEX BREAKS 30000 INOPENING, NIFTY FALLS FURTHER ON WEAK ASIAN CUES | TODAY STOCK NEWS UPDATE 28 APRIL 2017.

Equity benchmarks extended losses in early trade Friday, tracking weakness in Asian peers on concerns over US-South Korea free trade pact.

The 30-share BSE Sensex was down 56.33 points at 29,973.41 and the 50-share NSE Nifty fell 30.70 points to 9,311.45. About 613 shares advanced against 408 declining shares on the BSE.

ITC, HDFC, HDFC Bank, TCS and HUL were top five contributors to Sensex' loss, down 0.7-1.5 percent whereas auto stocks were gainers ahead of April sales data due next week.

The rupee opened stronger against the dollar, appreciating to 64.11, 4 paise higher than its previous close.

Market participants said that the risk-on sentiment that gripped the market after the conclusion of the first round of the French presidential elections seems to have abated, albeit temporarily.

"The positive risk tone after the first round of French elections, appears to be taking a breather, after the mostly anticipated US tax cut plans and somewhat dovish ECB," said Ashutosh Raina of HDFC Bank.

Asian markets traded mostly weaker as comments from President Donald Trump on an existing free trade pact with Seoul to payment for a sophisticated anti-missile system caught investors by surprise.

NIFTY BELOW 9100, SENSEX VOLATILE AMID WEAK GLOBAL CUES | TODAY STOCK MARKET NEWS UPDATE 19 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks started off trade on a negative note amid consolidation, tracking weakness in global peers as investors remained cautious about earnings season after IT companies' results.

The 30-share BSE Sensex was down 29.51 points at 29,289.59 and the 50-share NSE Nifty fell 7.35 points to 9,097.80.

TCS fell 1.5 percent following lower-than-expected earnings due to weakness in BFSI & retail segments and North America & Latin America businesses.

HDFC, Tata Motors, ONGC, Tata Steel and Axis Bank were other losers while Reliance Industries, ITC, Adani Ports and Sun Pharma were gainers.

The Indian rupee opened marginally higher at 64.60 per dollar today against previous day's closing value of 64.63.

Pramit Brahmbhatt of Veracity says rupee has been weakening and may depreciate to 64.80/dollar.

Trading range for the day will be 64.50-64.80/dollar, he adds.

The dollar index fell near a three-week low on disappointing US housing starts data and nervousness over trade talks between the United States and Japan. While Britain's pound soared after Prime Minister Theresa may called for a snap general election.

Asia markets declined today, tracking Wall Street's negative close overnight, with resources and financial shares losing ground. Investors also remained vigilant amid US-North Korea tensions and the nearing of the French presidential election.

Share Market Tips

NIFTY OPENS AT ALL TIME HIGH, SENSEX UP OVER 100 PTS | TODAY DERIVATIVE REPORT UPDATE 04 APRIL 2017.

DERIVATIVE REPORT OUTLOOK

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:9156	R2:9170	R3:9189
PIVOT : 9137	S1:9123	S2:9105	S3:9091

The Nifty started the expiry week on a dismal note with selling clearly visiblein heavyweights. However, writing activity in 9000 strike Put continued indicating major support. Nifty futures settled at a premium of 23 points. India VIX rose 3.8% and ended at 12.4.The highest Put base is at the 8800 strike with 53 lakh shares while the highest Call base is at the 9200 strike with 70 lakh shares. The 9000 and 9100 Call strikes saw additions of 4.1 and 15.0 lakh shares respectively, while 9000 and 8900 Put strikes saw additions of 3.6 and 2.1 lakh shares, respectively.

The Nifty has given proper follow up after respected the trendline last week which was placed at 9020 and witnessed a rebound from there. We believe 9200-9220 will remain a crucial overhead hurdle for the index .If Nifty is unable to sustain above 9220 then level on upside is between the 9270-9300. 9200 is the next resistance for Nifty future.

BANK NIFTY FUTURE OUTLOOK

BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :	R1:9197	R2:9218.66	R3:9229.33
PIVOT : 21360	S1:9165.33	S2:9154.66	S3:9133.33

HDFC Bank, ICICI Bank andAXIS Bank are among the top losser of the day. Nifty Bank index continued outperforming on the back of short covering. Looking at the open interest, the upswingin PSU and midcap banks is likely to continue with a strong support near 20900.

Bank nifty open at 21512.25 to its previous closing at 21545.45 on Thursday. Bank Nifty has faced resistance at trendline which is place at 21500. Bank Nifty need to sustain above 21500 to trade higher. 

USDINR

USDINR :	R1:65.1585	R2:65.2640	R3:65.3710
PIVOT : 65.0515	S1:64.9460	S2:64.8390	S3:64.7335

The Indian rupee was little changed against the dollar, as greenback purchases by state-run lenders likely on behalf of the central bank and importers offset gains arising from strong local shares. India is implementing the General Anti-Avoidance Rule, or GAAR, from the next financial year that starts Apr. 1. Investors have beenwary of the proposed legislation - first tabled in 2012-13 federal budget - that gives authorities the right to examine and tax transactions if they believe those deals were structured solely to evade tax payments. USDINR is expected to trade with negative bias in today’s session. Resistance is at 65.10 and support is at 64.80 mark.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	-153.96	-0.81
STRAITS TIMES	1.87	0.06
HANG SENG	-189.50	-0.79
TAIWAN WEIGHTED	-36.63	-0.37

Asian markets traded negative on Friday. China's Shanghai composite rose 0.38 percent or 12.36 points to close at 3,222.60 Hong Kong’s Hang Seng was negative by 189.50 points.

INDIAN MARKETS

INDEX	PREVIOUS CLOSE	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9173.75	9158.9	9191.7	9152.1	9173.75	0
Nifty IT	10730.75	10735.6	10752.35	10634.9	10703.25	-27.5
Nifty Next 50	25013	25066.25	25161.7	25026.1	25119.45	106.45
Nifty Bank	21620.7	21551.85	21574.15	21414	21444.15	-176.55
Nifty MID100 Free	17110.3	17147.4	17221.65	17131.65	17197.15	86.85

TOP GAINER VS TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
RELIANCE	1320.60	+3.93
IOC	387	+2.71
HINDALCO	194.55	+2.23
ACC	1450	+2.19
NTPC	165.85	+1.69

TOP LOSER

Company	LTP(Rs.)	% Change
HDFCBANK	1440	-1.79
ICICIBANK	276.35	-1.78
GRASIM	1050.20	-1.69
AXISBANK	490.80	-1.69
HDFC	1499.85	-1.32