Equity Report Outlook|24 carat financial services | 29 june 2017

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Equity tips:-

Stocks in News:-


NIFTY & SENSEX:-

  • Nifty closes lower for 6th straight session, 1st time in 2017.
  • NSE Nifty closed at 9,491 down by 20 points, whereas BSE Sensex closed lower by 123 points at 30,834.
  •  BSE Mid-cap index closed higher by 0.23% at 14,502. BSE Small-cap index closed higher by 0.13% at 15,161. India VIX closed higher by 4.1% at 11.9 level. 
 Market Buzz:-
  • Mindtree Board approves buyback for up to 43.2 lakh shares at maximum Rs 625/shares. Stock ends higher by 1%.
  • Godrej Ind to participate in Godrej Agrovet IPO. Proposes to sell shares up to Rs 400 Cr.
  • Govt to offload 5% stake in RCF via OFS and set floor price at Rs 74.25/share, as per media reports.
  • RCom unit GCX partners with Sovereign Business Integration Group.
  • Fortis Healthcare stock advances 1% on a media report that its diagnostic arm is likely to list on bourses soon. 
  • Jagran Prakashan stock drops post Blackstone Group’s exit.
  • Steel Strips bags Rim order for approximately 15,000 wheels steel strip. Stock up 1.5%. 
  • Fed Chair Janet Yellen said the banking system is "very much stronger" due to Fed supervision and higher capital levels.  
Movers and Shakers of the day:-
  • ABG Shipyard stock zooms 5% as Liberty House may buy company.
  • Unitech stock soars 10% on land asset sales
  • Ramco Systems stock rises 1% after receiving recognition from Gartner.
  • Raymond to invest Rs 1,400 Cr in its Amravati unit and open 300 new stores. Stock shines 2%.
NSE INDEX LEVELS  :-




NSE INDEX VIEW  :-

NIFTY OUTLOOK :-


Nifty future is looking bearish on the charts .In today’s trading session Nifty traded with negative movement and closed with overall loss of 0.11%. Nifty has breached its important support mark of 9540 and sustaining below it. In upcoming trading sessions further down side movement can be seen in it and it can test down side levels of 9440 & 9400 if it breaches its next support level of 9470.

BANK NIFTY OUTLOOK:-


Bank Nifty future is looking bearish on the charts .In today’s trading session Bank Nifty traded with sideways movement .Bank Nifty has breached its support level of 23400 and sustaining below it. In upcoming trading sessions further down side movement can be seen in it and it can test down side levels of 22900 & 22800 if it breaches its next support level of 23000

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