Equity Report Outlook|24 carat financial services | 22 june 2017

Equity tips:-

Stocks in News:-

equity tips
equity tips

NIFTY & SENSEX:-

  • Nifty settles below 9650, Sensex consolidates for second day Benchmark indices NSE Nifty closed at 9633 levels, lower by 19 points or 0.21%, whereas the BSE Sensex closed at 31283 levels, lower by 13 points or 0.04% While, BSE Mid-cap Index closed up by 0.04% at 14850 whereas, BSE Small-cap Index closed up by 0.11% at 15696

PAPER STOCKS:-
  • Paper stocks gain. Emami Paper Mills (+3%), JK Paper (+2%), Ballarpur Ind (+1.5%). Airline stocks gain as oil slips into bear market on concerns that a global supply glut will persist. SpiceJet, Jet Airways (+4%), Indigo (+2%). NELCO stock zooms 8% on heavy volumes. The company may get orders from the govt in the defence sector, as per media reports.
 Market Buzz:-
  • Tata Power arm gets order grom Govt to supply integrated Border Management System to BSF.
  •  Sasken Technologies hits fresh 52-week highs. Stock is up by 10% with 30x higher volumes then its last weeks average. . 
  • Alembic Pharma stock shines 1.5% on USFDA approval for hypertension drug.
  • Nifty Auto Index down 1% on GST woes. Bosch, Tata Motors (-2%), Eicher, Hero MotoCorp (-1%).
  • L&T stock gains over 1% after 89 lakh shares traded in a block deals. SUUTI sold 1% stake in L&T.
  • There were 692 advances, 732 declines and 58 unchanged stocks on NSE, reflecting a bearish undertone floating in the market.
  • ABB India surged over 2% at Rs 1,532.00 per share on BSE during pre-lunch hours as ABB Group is in talks with L&T to acquire its electrical and automation division, reported a national news daily. The stock closed at Rs 1506 higher by 0.4%.
  • SPML Infra was up by 2.4% as the company received new orders for water supply and irrigation projects worth Rs 642 crore. The stock closed at Rs 129.10 higher by 4.9%.
  • Indiabulls Real Estate was the buzzing stock on the bourses. It is the most active stock by value in the Wednesday’s trading session. The stock at Rs 212.60 higher by 1.7%.

 Movers and Shakers of the day :-
  • Nelco closed higher by 20% at Rs 96.30 per share. 
  • Castex Technologies closed higher by 19.9% at Rs 6.67 per share. 
  • Container Corporation of India closed higher by 4.5% at Rs 1186.70 per share. 
  • Tata Power closed higher by 5.3% at Rs 82.15 per share.   
NSE INDEX LEVELS  :-










NSE INDEX VIEW  :-

NIFTY OUTLOOK :-


Nifty future is looking bullish on the charts .In today’s trading session Nifty traded with sideways movement and closed with normal loss. Nifty has crosses its important resistance mark of 9650 and sustaining above it. In upcoming trading sessions up side movement can be seen in it and it can test up side levels of 9700 & 9740 if it crosses its next resistance level of 9680.

BANK NIFTY OUTLOOK:-


Bank Nifty future is looking bullish on the charts .In today’s trading session Bank Nifty traded with sideways movement and closed with normal loss. Bank Nifty has crossed its important resistance mark of 23600 and sustaining above it. In upcoming trading sessions further up side movement can be seen in it and it can test up side levels of 23800 & 23900 if it crosses its next resistance level of 23700. 


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