Friday 30 December 2016

What Happened in the Stock Market Today

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FREE EQUITY TIPS|WHAT HAPPENED IN THE STOCK MARKET TODAY:-

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Stocks fell on the final trading day of 2016, with a slight decline still leaving the Dow Jones Industrial Average (DJINDICES: ^DJI)  up an impressive 13% on the year. The S&P 500 (SNPINDEX: ^GSPC) index shed a bit more during the session, and trailed the Dow by posting a 9% annual gain.


Volatile gold prices ensured that investors in gold-linked exchange-traded funds, particularly leveraged ones like the Direxion Daily Jr Gold Miners Bull 3X ETF (NYSEMKT: JNUG)  and the Direxion Daily Gold Miners Bull 3X ETF (NYSEMKT: NUGT) , endured double-digit losses.


As for individual stocks, Cabela's (NYSE: CAB) and Opko Health (NASDAQ: OPK) stood out by posting greater price declines than the broader market

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Thursday 29 December 2016

Top 14 stocks in focus today

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FREE EQUITY TIPS|TOP 14 STOCKS IN FOCUS TODAY:-

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Tata Power: Mehli Mistry, the promoter of M Pallonji and Co, has acquired 2.57 crore shares of Tata Power, in what's seen as a bid to counter cousin Cyrus Mistry, the ousted chairman of Tata Sons.

Jagran Prakashan: The company on Thursday informed exchanges that the meeting of the board of directors is scheduled to be held on Jan 5, to consider the proposal for buyback of shares.

Lakshmi Vilas Bank: Private sector Lakshmi Vilas Bank has launched Qualified Institutional Placement (QIP) to raise over Rs599.88 crore by issuing 4.25 crore shares in domestic or international markets.

Lupin: Drug firm Lupin Ltd has received tentative approval from the US health regulator to market its Balasalazide Disodium tablets, used for treatment of ulcerative colitis, in the American market.

Tree House Education: The company has informed exchanges that a meeting of the board of director is scheduled to be held on Friday to consider and approve appointment of Suraj Manghnani as an additional independent non-executive director.

RS Software: RS Software has announced that the company has made further investment of Rs 5,90,00,000 in Paypermint Private Limited, its wholly owned subsidiary for allotment of 59,00,000 equity shares of 10 each.

Petronet LNG: Petrobangla on Thursday signed an initial agreement with Petronet to set up an LNG re-gasification terminal on Kutubdia Island and a pipeline at an estimated cost of $950 million. Petrobangla is a government-owned oil company of Bangladesh, as per media reports.

GE Power, BHEL: GE Power India announced that the company has received contracts worth $40 million by Bharat Heavy Electricals to supply components and services for the supercritical steam generator island packages for 2x800 MW coal-based Uppur Thermal Power Project and 1x800MW coal-based North Chennai Supercritical Thermal Power Project Stage-III. Both the thermal power projects are located in the southern state of Tamil Nadu. This is in line with the gover ..

Golden Tobacco: Golden Tobacco Ltd said that it has received notice from consortium of banks led by Canara Bank for one of its property situated at Guntur.

IFCI: Term lender IFCI on Thursday said it has proposed to sell around 0.8% stake in National Stock Exchange (NSE).

India Tourism Development Corporation: Shares of the company will list on the National Stock Exchange (NSE) on Friday.

Rajesh Exports: The company has won a Rs 9.29 bn export order from the United Arab Emirates.

BHEL: Bharat Heavy Electricals Limited has successfully commissioned another 600mw coal-based thermal power plant in Telangana.

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Wednesday 28 December 2016

Goa Carbon restarts production at unit in Chhattisgarh

FREE EQUITY TIPS|GOA CARBON RESTARTS:-

Goa Carbon has now informed the BSE that operations at the Company's Bilaspur Plant in Chhattisgarh have commenced from December 27, 2016. They had informed the exchange about the temporary shutdown of the unit in a letter dated December 5, 2016. 
Goa Carbon Ltd is currently trading at Rs 107.3, up by Rs 4.5 or 4.38% from its previous closing of Rs 102.8 on the BSE.

The scrip opened at Rs 108.65 and has touched a high and low of Rs 109.8 and Rs 105.5 respectively. So far 253061(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 94.06 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 141 on 06-Oct-2016 and a 52 week low of Rs 62.1 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 106.45 and Rs 99.05 respectively.

The promoters holding in the company stood at 60.09 % while Institutions and Non-Institutions held 0.14 % and 39.76 % respectively.

The stock is currently trading below its 50 DMA.

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Tuesday 27 December 2016

Top 13 stocks in focus today

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FREE EQUITY TIPS | TOP 13 STOCKS IN FOCUS TODAY:-

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Tata Consultancy Services: The IT Company announced that VersaCold Logistics Services, Canada’s largest end-to-end supply chain solutions company for temperature-sensitive products, has selected TAP, TCS’ procure to pay cloud solution, to manage their operating cost with greater efficiency.

Religare Enterprises: Diversified group Religare Enterprises has given its go-ahead to the merger of several of its entities with itself for better synergy and simplifying corporate structuring.

IMP Powers: For the quarter ended September 30, 2016, IMP Powers reported a consolidated net profit of Rs 12.65 lakh against Rs 58.08 lakh in the corresponding quarter last year.

L&T: L&T Metro Rail Hyderabad Limited has thus far incurred a cumulative expenditure of Rs141.72bn on the elevated rail project.

Sunil Hitech: The company informed bourses that it has bagged an order worth Rs 434 crore in the state of Arunachal Pradesh for National Highways & Indrastructure Development Corporation LtdBSE 0.79 % on Engineering, Procurement & Construction (EPC) Mode.

Asian Oilfield Services: The company announced that the Company propose to convene a meeting of the Board of Directors on 30 December 2016, inter alia, to consider and approve the allotment of warrants, subject to receipt of application money from the proposed allottee.

Jagran Prakashan: Scheme of arrangement of Suvi Info-Management (Indore) with the company has been approved by Allahabad high court and Bombay high court.

Akzo Nobel India: The company has inaugurated the first-of-its-kind speciality coatings production facility and colour laboratory in Noida.

Bharat Financial: Morgan Stanley Asia (Singapore), Morgan Stanley Mauritius increased their stake in the company by 1.0996% to 7.8603% on Dec 23.

Glenmark Pharmaceuticals: The pharma company has received final approval from the US health regulator USFDA for the sale of Tretinoin capsules, used in the treatment of leukemia.

JSW Energy: JSW Energy said its board has given nod to raise funds up to Rs7.50 bn through issuance of redeemable non-convertible debentures by way of private placement.

ITC Ltd: The company has raised the prices of two of its bestselling brands -- Gold Flake and Navy Cut.

Biocon: Biocon and Mylan said that the results of the HERITAGE study have been published in the Journal of the American Medical Association (JAMA).

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Monday 26 December 2016

Live Stock Market Updates

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FREE EQUITY TIPS | LIVE STOCK MARKET UPDATES:-

http://equityresearchlab.com/Freetrial.php At 9:29 AM, the S&P BSE Sensex is trading at 25,851 up 44 points, while NSE Nifty is trading at 7,914 up mere six points. The BSE Mid-cap Index is trading down 0.02% at 11,503, whereas BSE Small-cap Index is trading up 0.05% at 11,555. Tata MotorsDVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel, GAIL and Coal India are losing sheen on NSE. A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE. Out of 1,856 stocks traded on the NSE, 581 declined, 816 advanced and 459 remained unchanged today. Some buying is observed in media, pharma, IT and financial services sectors while realty, banking and auto are showing weakness on NSE. The INDIA VIX is up 0.54% at 16.6925. Asian indices were trading flat to mildly positive as volumes drop in the holiday season with year end blues taking over. The trade of long developed markets & short emerging markets has played out well in the last 2 months with both the Japanese 'Nikkei' & the US Dow Jones now in sight of hitting 20,000.   has said that tax payers should be trusted, unless proven otherwise and batted for a globally compatible lower level of taxation. Jaitley said voluntary compliance by citizens of payment of due taxes needs to be reciprocated by authorities with a tax-friendly administration. Meanwhile, is set to meet with experts at NITI Aayog today to discuss ways to drive economic growth in the aftermath of lowered growth forecasts by various agencies. On the bright side, the rupee managed to end at a two-week high against the US dollar. While volumes remain thin, some buying could keep the indices afloat before the F&O choppiness sets in later this week.  A report suggests that a government clarification on indirect transfer of shares could result in foreign investors paying up to 40% tax on their capital market investments in India. Monday weakness was more to do with statements from the PM that financial market participants may have to  pay  more taxes. The Indian rupee opened lower by 10 paise on Tuesday at 67.84 per dollar versus previous close of 67.74/$

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Sunday 25 December 2016

Live Stock Market Updates

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FREE EQUITY TIPS | LIVE STOCK MARKET UPDATES:-

http://equityresearchlab.com/Freetrial.phpAt 9:26 AM, the S&P BSE Sensex is trading at 25,879 points, while NSE Nifty is trading at 7,943 down 43 points. The BSE Mid-cap Index is trading down 1.05% at 11,637, whereas BSE Small-cap Index is trading down 0.79% at 11,704.

Infosys, Wipro, MMTC, Hindustan Copper, GSPL and Reliance Defence and Engineering are among the gainers, whereas Cipla, Axis Bank, Adani Ports, SBI, Asian Paints and Tata Motors are losing sheen on BSE.

A total of two stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.

Out of 1,871 stocks traded on the NSE, 1,065 declined, 359 advanced and 447 remained unchanged today.

All the BSE sectoral indices were trading in the negative territory.  Pharma, realty, metal,  banking and auto are showing weakness on BSE.

The INDIA VIX is up 6.42% at 16.1000.

Asian indices were flat as with almost most large markets closed today the volumes were expected to be low with most cues coming from local sources. Chinese stocks lost while Taiwanese index made up the gains as markets end 2016 almost unchanged. 

The week gone by saw market cap erosion of around Rs.2.5 lakh crore for the BSE. With foreign investors mostly on a holiday, activity would be on thin volumes. Volatility could step up ahead of the F&O expiry on Thursday.

Markets are factoring in that economic activity will take longer to normalise following the demonetisation drive. ICRA has revised its forecast for GVA growth in FY17 to 6.6 pc. The Finance Minister soothed frayed nerves over the weekend as he clarified that the government had no intention to impose tax on long-term capital gains from trading in shares. Sections of the media, had misinterpreted Prime Minister Narendra Modi’s speech, the FM said.

Meanwhile, the PM is expected to announce ‘radical reforms’ and said the government will not shy away from taking difficult decisions that are in national interest. An early budget is also expected to improve productivity, Modi said.

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Friday 23 December 2016

Market in holiday mood

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FREE EQUITY TIPS | MARKET IN HOLIDAY MOOD:-

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Market in holiday mood action should begin from Jan 1st week:-

The domestic stock market began the week in lacklustre mood in the absence of any trigger and the downward momentum got accentuated by the close of the week.
News headlines are being brushed with all-round gloomy pictures due to demonetisation: “worries for microfinance companies”, “consumption stocks see erosion of Rs 1.2 lakh crore in market cap”, “dollar index a pain for emerging markets”.
These have shattered the confidence of market participants and volumes and open interest positions have hit yearly lows.
Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) have almost balanced the outflows and inflows in December.
Volatility has cooled down quite a bit and combined with the persistent negative sentiments, it offers a convincing argument for investors to buy stocks, going by the adage: “buy when others are fearful.”
Events of the Week:
The Central Electricity Authority has predicted a gloomy picture for thermal power generation in the country, and it is estimating that by 2022 plant utilisation will reduce by 50 per cent, which will not only threaten the viability of many coal-based plants but also slowly destruct the coal and ancillary demand permanently.
The demand gap will be replenished by renewable energy, which will act as a disruptor of the decade. The government has brought stents used for human body under price control, thus sending out a clear message to the pharma companies that reckless profiteering will not be tolerated.
The domestic stock market is likely to test the strength of key support area at the 7,900 level of the Nifty50. The formation of a ‘Doji’ pattern in Friday’s session indicates that the market may be nearing its bottom although a ‘Doji’ in itself is not sufficient to signal a trend reversal.
A confirmation can come only when a strong bullish candle follows the Doji pattern the next day. However, if there is no buying in the followup action next day, then the market can test the support level at 7,700.
The domestic equity market has entered a period of low volatility, low volume and low open interest, which are symptoms that the ongoing correction may be nearing an end.
For traders, such periods of corrections can be nightmarish and the best approach would be to avoid trading and go for the Christmas holidays.


Expectations for the week:-The stock market has entered a state of inertia, which is drifting lower in line with the continuing momentum. This being the last week to deposit the banned notes, there will be a lot of drama for viewers, but this will end the 50-day ordeal once and for all.
Markets will at last come out of this spell and move ahead with the New Year setting in with new opportunities to look ahead. GST is also moving as per schedule and hopefully, it should get implemented by the middle of next year.
The stock market will now look at the Union Budget for important policy directions. Last week we had mentioned that “the benchmark indices may again have to revisit the old support levels to check whether there are still weak players left and only then can the new rally begin.”
The market did the same thing by testing the 7,940 level, which is a multiple support area for the Nifty50. The real action should begin after the first week of January, when the quarterly results season will kick off.
Investors should take the opportunity to aggressively accumulate quality stocks for the long term, as valuations have turned attractive. It is also the time for year-end review of portfolios before the New Year begins. The Nifty50 closed the week 1.88 per cent down at 7,985.

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Thursday 22 December 2016

Stocks up marginally of Suzlon Energy partners

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FREE EQUITY TIPS | STOCKS UP MARGINALLY OF SUZLON ENERGY PARTNERS:-

http://equityresearchlab.com/Freetrial.phpSuzlon Energy announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana. 

Suzlon Energy announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.

According to the contract signed between Suzlon Group and the AMP Solar on December 21, 2016, the AMP Solar shall acquire a 49% stake in Rudra Solarfarms Limited, a special purpose vehicle (SPV) set-up by Suzlon for executing this project. AMP Solar has the option to acquire the balance of the 51% stake in the SPV in the future in accordance with tlie relevant rules and regulations.

The off­ taker of the SPV project will be the Telangana State Southern Power Distribution Company Limited (TSSPDCL). Suzlon will be responsible for project commissioning and to provide comprehensive operation and maintenance services for a period of 25 years. The project is expected to be commissioned in the financial year 2017 (FY17).

Suzlon won solar projects of 210 MW in Telangana through a competitive bidding process and the PPAs for the same were signed in February, 2016. These include one project of 100 MW, one of 50 MW and four projects of 15 MW each.

Pinaki Bhattacharyya, CEO, AMP Solar (India), said, "Our vision is to become the leading global solar energy platform by creating geographically focused, structured portfolios of assets that have attractive risk-adjusted return profiles. And this partnership has been yet another step towards our vision. Indian market is presently booming for the renewable industry and this shall be beneficial to our investors and stakeholders. We are happy to be associated with Suzlon and shall work in synergy towards our common goal of reducing and bringing the carbon footprint down."

J.P. Chalasani, Group CEO, Suzlon, said, "The global renewable energy sector is witnessing a huge momentum. We are glad to partner with AMP Solar. For Suzlon, this project is a contribution towards our commitment for reducing the carbon footprint and transitioning of renewables from alternate to mainstream source of energy. We look forward to work collaboratively with AMP Solar and contribute towards promoting green energy."

Stock Commentary:

Suzlon Energy Ltd is currently trading at Rs 14.06, up by Rs 0.06 or 0.43% from its previous closing of Rs 14 on the BSE.

The scrip opened at Rs 14.05 and has touched a high and low of Rs 14.2 and Rs 14.05 respectively. So far 2190592 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7034.16 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 23.25 on 05-Jan-2016 and a 52 week low of Rs 12.47 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 14.49 and Rs 13.77 respectively.

The promoters holding in the company stood at 20.95 % while Institutions and Non-Institutions held 22.58 % and 56.23 % respectively.

The stock is currently trading below its 200 DMA.

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Wednesday 21 December 2016

Nifty to open on a flat note

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NIFTY FUTURE TIPS | NIFTY TO OPEN ON A FLAT NOTE:-

http://equityresearchlab.com/nifty-future-tips.phpThe outlook is a flat start. It could take another three months to get over the negative shock of demonetisation but this could get compensated by a positive impact in FY18, says a senior adviser to PM Modi.
The finance ministry is bracing up for a heated discussion today as the Parliamentary Standing Committee on Finance will face a volley of questions regarding the ill-preparedness of the demonetization drive. RBI Governor will be called at a later date by the committee.

Meanwhile, RBI’s Monetary Policy Committee minutes suggest Q3 assessment is likely to be clouded by withdrawal of bank notes; GVA growth has been revised from 7.6% to 7.1%.

The demonetisation impact on growth will be ‘transient and uncertain’. The rupee saw some relief with the dollar cooling against other emerging currencies. 

Gold manage to shine a little after days of dullness. A dull day is in store for the market. The Dow failed yet again to cross the psychological 20,000 mark and ended in the red.
Asian indices opened flat to marginally weak as US indices also had a rather quiet session with the Dow Jones ending marginally in the red. Pullback in oil prices & yields edging lower were the theme for the day as US$ also saw profit booking. Emerging markets continue to be the favorite punching bag on both currency & equity front as investors exit seeking better opportunities in US equity & bonds.  

Nifty gave up all gains in last half hour & drifted towards 8050 as renewed bout of foreign selling emerged. Banks, IT & Fmcg saw huge profit booking with commodities & auto's seeing buying. For today weak sentiment could see 8000 being tested as year end repatriation by select foreign investors could continue this week. 

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Tuesday 20 December 2016

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BEST EQUITY PROFIT CALL | DAILY MARKET UPDATES: Top Stocks in Focus Today

BEST EQUITY PROFIT CALL | DAILY MARKET UPDATES: Top Stocks in Focus Today: NIFTY FUTURE TIPS | TOP STOCKS IN FOCUS TODAY:- IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI. Sun Pharma ...

Top Stocks in Focus Today

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NIFTY FUTURE TIPS | TOP STOCKS IN FOCUS TODAY:-

IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI.

Sun Pharma completes 85.1%  acquisition of Russia's JSC Biosintez.

Bajaj Hindusthan Sugar Ltd plans to sell its co-generation power business to its group company Lalitpur Power Generation Company Ltd (LPGCL) for about Rs18 billion.

http://equityresearchlab.com/nifty-future-tips.php Jyoti Structures wins $15 mn order from South Africa's ESKOM.

Welspun Enterprises Ltd said its board of directors will meet later this week to consider buyback of equity shares.

Seamec in pact for charter hire agreement with National Petroleum Construction Co.

Sun Pharma said one of its subsidiaries has voluntarily requested the US health regulator to withdraw approval for 28 abbreviated new drug applications belonging to Ranbaxy Laboratories.

Oriental Carbon: Commercial prodn of 1st phase at Mundra SEZ ahead of schedule.

Future Enterprises (FEL) will be selling 16% stake in Future Lifestyle for Rs 3.80 billion, a notice to the stock exchanges. FEL owns the physical assets or the store formats and infrastructure assets in the stores of Future Retail and Bharti retail.

NIIT Tech in settlement agreement with Govt firm for contract that was previously on hold.

8K Miles Software Services has announced the acquisition of Cornerstone Advisors Group LLC for $

10.25 million. The acquisition, through its US-subsidiary, is subject to customary closing conditions and is expected to conclude in the quarter ending March 31, 2017.

Tridevi Capital Partners to invest USD20mn in Prabha Energy Private Limited, a subsidiary of Deep Industries Limited. The subsidiary valuation is estimated to be $ 50 million.

Jubilant Life Sciences, a global leader in the pyridine, picolines and nutrition industry, announced a price increase of up to 15% on select products.

Cognizant Technology Solutions has acquired the technology and business process services unit of Frontica Business Solutions AS, helping it gain access to capabilities in the oil and gas sector.

The US Food and Drug Administration (USFDA) has issued Form 483 observations against Unit I of Aurobindo Pharma Limited in Hyderabad.

Oil and Natural Gas Corporation has tied up with Hughes Communications India to revamp and upgrade its existing satellite network across India.

Vedanta Resources has been ordered by London High Court to pay over $ 100 million to a Zambian investment company related to a 2013 copper price agreement.

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Share erl21-12opening bell.jpg - 155 KB

Share erl21-12opening bell.jpg - 155 KB

Monday 19 December 2016

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Share ERL 20-12-2016 NIFTY REPORT.pdf - 634 KB

Share ERL 20-12-2016 NIFTY REPORT.pdf - 634 KB

Share ERL 20-12-2016 DERIVATIVE REPORT.pdf - 681 KB

Share ERL 20-12-2016 DERIVATIVE REPORT.pdf - 681 KB

NIFTY FUTURE TIPS | NIFTY OUTLOOK REPORT

NIFTY FUTURE TIPS |  NIFTY OUTLOOK REPORT:-

NIFTY FUTURE :
R1:8144
R2:8164
R3:8180
PIVOT :8128
S1:8108
S2:8092
S3:8072




NIFTY DAILY CHART
CHART INTERPRETATION

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below  8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

INDEX OUTLOOK
 

NIFTY FUTURE:  Equity benchmarks fell further in late trade with the Nifty breaking 8100 level intraday amid low volumes on Monday. Banking & financials, auto and select healthcare stocks drove the market lower but ICICI Bank, Reliance Industries and ITC arrested the fall. The market ended at two-week closing low. Sensex dropped 114.86 points to 26374.70 and Nifty slipped 35.10 points to 8104.35. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices down half a percent each on weak breadth. The market is expected to be in a range of 8000-8300 for atleast next one month and then, especially after December quarter earnings, it may start inching towards new highs. India's growth trajectory has turned positive and going into 2017 the external sector has seen improvement and global trade is off lows. From a Nifty perspective 45 % of earnings come from outside India and this is a better environment for growth, albeit uncertainty on depth and breadth of currency exchange (after demonetisation) as well as from US policies. Nifty will move towards levels of around 8,600-8,700 points after the Budget. Nifty will touch new highs before the end of current fiscal.


SECTORAL INDICES

CORPORATE NEWS


NBCC (India) Ltd secured projects for the construction of residential cum training complex for special protection group (SPG) at New Delhi and construction of guest house for Government of Gujarat at New Delhi amounting to Rs. 466.4 Cr and Rs. 10 Cr respectively.

Shares of Fertilizers and Chemicals Travancore (FACT) and Gujarat State Fertilizers & Chemicals (GSFC) rallied after Asian Caprolactum prices hit a two year high. Shares closed up 9.6% and 3.9% respectively.

Tree House Education closed down 20% after Zee Learn called off its proposed merger and threatened to take legal recourse to seek damages from the failed deal. The board took the decision because of reports suggesting abrupt closure of playschools by Tree House throughout country. The company has been named in various police complaints.
  

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