Showing posts with label Option Tips. Show all posts
INDIAN BENCHMARKS ended flat on Geopolitical tension.
By : Simran Shah
INDIAN EQUITY BENCHMARKS closed flat after a range-bound session to perform in-line with most Asian peers amid rising geopolitical tensions after a strike on Malaysia Airlines flight MH17 in eastern Ukraine near the Russian border on Thursday that killed nearly 300 passengers on-board.
• Further, Shares of Wipro was up 2% after the company announced that it has entered into a strategic alliance with Alberta-based ATCO Ltd., one of Canada's premier corporations.
• Zee Entertainment Enterprises has reported a 6 percent fall in its first quarter (April-June) consolidated net profit at Rs 211 crore compared to Rs 224.6 crore in the year-ago period.
The crucial resistance for Nifty is now seen at 7685 and above this 7730. Support for the immediate term is now placed at 7595 and next support will be 7535.
NEWS TO WATCH:
• Watch out Quarterly Earnings of HDFC Bank, HDIL, Idea Cellular, Canara Bank, Exide Industries, Hindustan Zinc 21ST July 2014.
• Further, Shares of Wipro was up 2% after the company announced that it has entered into a strategic alliance with Alberta-based ATCO Ltd., one of Canada's premier corporations.
• Zee Entertainment Enterprises has reported a 6 percent fall in its first quarter (April-June) consolidated net profit at Rs 211 crore compared to Rs 224.6 crore in the year-ago period.
The crucial resistance for Nifty is now seen at 7685 and above this 7730. Support for the immediate term is now placed at 7595 and next support will be 7535.
NEWS TO WATCH:
• Watch out Quarterly Earnings of HDFC Bank, HDIL, Idea Cellular, Canara Bank, Exide Industries, Hindustan Zinc 21ST July 2014.
INDIAN BENCHMARKS end flat amid range bound trades
By : Simran Shah
INDIAN
EQUITY BENCHMARKS ended flat amid choppy trades after investors turned cautious
and booked profits at higher levels.
·
Further, Bajaj Auto lost 2.3% after weak first
quarter earnings. It has reported a flat growth in the first-quarter standalone
net profit at Rs 740 crore, due to higher expenditure including employee cost.
·
Mahindra and Mahindra Ltd fell 3.1 percent after
11.8 million shares changed hands in twenty-four block deals on the BSE
exchange.
The
crucial resistance for Nifty is now seen at 7665 and above this 7730.
Support for the immediate term is now placed at 7530 and next
support will be 7460.
INDIAN BENCHMARKS ended at a day’s high on RBI measures for infra bonds ...Nifty re-conquers 7600.
By : Simran Shah
INDIAN
EQUITY BENCHMARKS ended at a day’s high extending the rally for second
consecutive trading session after the Reserve Bank of India relaxed financing
norms for infrastructure development and affordable housing. RBI exempted
long-term bonds from mandatory regulatory norms like CRR and SLR if the money
raised is used for funding of infrastructure and affordable housing projects.
·
Further, Tata Communications plans to invest
US$200mn over a period of three years to double its data centre capacity in
India.
·
Federal Bank net profit in April-June more than
doubled to Rs. 220 crore from Rs. 106 crore in the corresponding period last
year on account of lower provisions for bad loans.
The
crucial resistance for Nifty is now seen at 7640 and above this 7665.
Support for the immediate term is now placed at 7530 and next
support will be 7460.
