Equity Report Outlook|24 carat financial services

NIFTY:-


Nifty Tips

Nifty future is looking bearish on the charts .In today’s trading session Nifty traded with positive movement and closed with overall gain of 0.26%. Nifty has breached its important support mark of 9800 and sustaining below it. In upcoming trading sessions down side movement can be seen in it and it can test down side levels of 9730 & 9700 if it breaches its next support level of 9755 while up side 9840 will act as a good resistance level.

BANKNIFTY:-

Bank Nifty

BANK NIFTY future is looking bearish on the charts .In today’s trading session Bank Nifty traded with positive movement and closed with overall gain of 0.43%. Bank Nifty is sustaining above its important support mark of 2400. In upcoming trading sessions up side movement can be seen in it and it can test up side levels of 24200 & 24300 if it crosses its next resistance level of 24100 while down side 24000 will act as a good support level.

NIFTY & SENSEX

Nifty, Sensex end in green; Infy snaps 2-day fall

Nifty closed at 9,765 level, up by 11 points while Sensex closed at 31,291 level, up by 33 points. Nifty touched 9,800 level in the morning hours, but could not hold the level for longtime and ended below 9,800. There were 556 advances, 1,082 declines and 320 unchanged stocks on NSE, reflecting strong negative sentiments floating in the market. India VIX ended at 14.1 level, down by 4.79%.
Infosys rebounded after two days of downfall during Tuesday’s trade. The stock ended marginally higher at Rs 875.4 per share on NSE.
On the broader markets, BSE Mid-cap index closed at 14,925 level, down by 0.41%. BSE Small-cap index closed at 15,410 level, down by 0.37%.
Bank Nifty closed in the positive territory, but below its 10-day moving average at 24,011 level, up by 75 points or 0.31%. Bank of Baroda was the top loser on the index closing at Rs 139.6 per share, down by 1.76%. Federal Bank also ended in the red zone, down by 0.33% at Rs 105.65 per share.
Nifty Realty index ended in the negative territory being the top loser among the sectoral indices on NSE. The index ended at 266.15 level, down by 0.89%. Unitech Limited was the top loser on the index and closed at Rs 7.25 per share, down by 3.33%.

Closing Bell:-

Gainers:-

BPCL, IOC (+3%),

Sun Pharma (+2.5%)

Losers:-

NTPC (-3%),

HeroMoto Corp, Eicher (-2%).

Dr. Reddy's:-

stock gains 2.5% after out-licensing drug.

Indian Hotels:-

stock falls 7% after company board approves rights issue.

HPCL:-

stock jumps 4% as ONGC board approves company takeover.

Nifty Pharma Index:-

Gains 1%. Sun Pharma, Dr. Reddy's Lab (+2.5%), Lupin (+2%), Divi's Lab, Glenmark (+1%).

Ramco Systems:-

bags order from China Southern Airlines. Stock zooms 6.5%.

Lupin:-

gets EIR from the USFDA for its Aurangabad facility. Stock rises over 2%.

Nifty PSU Index

ends in red. BoB (-2%), Union Bank, IDBI Bank (-1%).

OBC

intends to raise up to Rs 500 cr via Tier-I bonds.

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