Religare Securities Limited
Published on 28/04/2017 9:50:43 AM

Nifty Outlook

Nifty took a breather after the recent surge and ended marginally lower on expiry day. After a flat start, it hovered in a narrow range while rollover and unwinding of derivatives positions kept the participants busy. Sectoral indices too remained volatile and ended mixed.
Nifty might continue to trade dull tomorrow but there’ll be no shortage of opportunities on stock specific front. Traders should remain focused on buying fundamentally sound counters on dips and avoid contrarian trades. We’re now eyeing 9450 in Nifty.

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Mehta Equities
Published on 28/04/2017 9:19:09 AM

Stocks in action for the day: PrismCem, Biocon, HCC, Suzlon, Titan, IGL, MOSt, IbVen, IBRL, Relcap, AshokLey

INR/1USD: 64.11

SGX Nifty: 9360(+0.50)

F&OBan: Nil

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GEPL Capital
Published on 27/04/2017 11:24:37 AM

Key Highlights:

NIFTY conquers 9300 for the first time in historical sense, as geo-political worries wane. Broader markets move in tandem to once again hit all time HIGHs.…

* The NIFTY opened @ 9336.20, a GAP-UP of around 30 points over Tuesday. The market seemed to carry forward the RISK-OFF mode of earlier day, as global tensions seemed to take back seat. Clocking a new all time HIGH @ 9367, the market had an almost a GREEN day except for the dip in final hour. The recovery too was sharp, as NIFTY closed onto 9351.85 UP by a good 45.25 points or 0.49%.

* The broader markets seemed to get into the profit booking mode, as it underperformed the benchmark NIFTY. While the NIFTY MID100 FREE closed DOWN by 0.22% to close @ 18022.60; the NIFTY SML100 FREE closed DOWN by around 1.36% to close @ 7387.75. The breadth index in line with the profit booking in the broader markets remained in favor of the BEARS @ 584 advances to 1161 declines. The INDIA VIX moved UP by 5.24% @ 11.74, quiet surprising ahead of the EXPIRY coming through.

* The sectoral & thematic indices remained quiet MIXED. Once again, the NIFTY FMCG & NIFTY CONSUMPTION were the bellwethers in the RISE. On the other hand NIFTY REALTY & NIFTY IT took the profit booking course.

* While the market has created a fresh all time HIGH, the dynamics have not changed much. The market seems to be in a pretty strong BULL grip. To backup, the heavyweights like HDFC, HDFCBANK, LT, IOC are on a roll. So are the weak links within the NIFTY pack viz TCS, INFY, ICICIBANK showing a resilience at lower levels & may thus have a limited DOWNSIDE. Heavyweights like ITC & HINDUNILVR too seems to support the cause with stability. With the 9300 barrier being taken out, the next extrapolated level between 9470-9500 would at least be in direct contention. Yet the expiry session & the INDIA VIX propulsion ahead of it raises a bit of CAUTION. The previous week’s LOW @ 9075 followed by the 5-week LOW @ 9020 would assume significance on the LOWER side. Till evidence proves otherwise, it’s a CAUTIOUS BULLISH approach from here on.

SEBI Registration number is INH000000081.
Please refer disclaimer at www.geplcapital.com/Disclaimer.aspx

Tradebulls Securities (P) Ltd
Published on 27/04/2017 10:48:47 AM

Bank Nifty Future View

Bank Nifty commenced the day on a positive note and continued to trade firm throughout the session. It managed to hold the gains at the end of the session and closed at all time high levels. Technically, Rise in volume and fall in open interest with firm price movement indicating sideways sentiments for intraday session.

We expect Bank Nifty to remain volatile & a breach of 22350 could determine the trend for day. On the higher side resistance still remains firm at 22480 levels while the 22000 level remains a key support area for the day. Traders are advised to look for the opportunity to buy with stop loss of 22000 levels.

Please refer disclaimer at  Disclaimer https://www.tradebulls.in/Static/Disclaimer.aspx
 

Tradebulls Securities (P) Ltd
Published on 27/04/2017 10:47:25 AM

Nifty Spot View

The benchmark index rallied for the third consecutive session and extended gains tracking positive global cues and appreciation of Indian rupee against US Dollar. Nifty breached 9300 mark and settled above the same. Momentum Indicator RSI for 14-day period is poised at 69.20 indicating firm trend at current levels.

Next crucial Resistance for Nifty futures seen at 9370 levels while Support seen at 9300 levels. Breach of immediate resistance of 9370 will unfold the next upside Targets of 9400 and 9430 level. A breach below 9300 could resume the down move and drag Nifty southwards to 9220 level. Traders are advised to maintain longs with a trail stop strategy.

 

Please refer disclaimer at  Disclaimer https://www.tradebulls.in/Static/Disclaimer.aspx
 

Reliance Securities
Published on 27/04/2017 10:26:06 AM

NSE-NIFTY OUTLOOK

* NSE-NIFTY continued its northward journey for straight third trading session in a row, where despite a high volatility index  settled the session on life-time-high level. As mentioned earlier, we believe that overall trend will remain positive, but high  volatility cannot be ruled out in the market (especially in the second half) amidst to F&O expiry. On the higher side, now NIFTY  will face major hurdle around 9,500 mark. However, in case of any decline, recent swing low will work as key reversal point,  which is placed around 9,075 level.
* As for the day, support is placed at around 9,300 and then at 9,250 levels, while resistance is observed at 9,400 and then    around at 9,450 levels.

Please refer disclaimer at http://www.rsec.co.in/disclaimer
SEBI registration No. INH000002384
 

Mehta Equities
Published on 27/04/2017 9:24:00 AM

Stocks in Action for the day: Reliance, Maruti, Axis Bank, Cadila, Zee, Tata Sponge, GIC Housing,

INR/1USD:64.00

SGX Nifty: 9353(+7)

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Mehta Equities
Published on 27/04/2017 9:20:29 AM

Msearch: F&O Ban: ADANIPOWER,BANKINDIA,IBREALEST, ICIL,INDIACEM,JINDALSTEL, JPASSOCIAT, ORIENTBANK,RCOM, TV18BRDCST, UJJIVAN, WOCKPHARMA

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Religare Securities Limited
Published on 27/04/2017 8:56:34 AM

Nifty Outlook

Nifty inched higher for the third day in a row and gained nearly half a percent amid volatility. Firm Asian markets and strengthening rupee helped index to open strong which further supported by renewed buying in select index majors. However, profit taking in latter half marginally trimmed the gains and pushed the market breadth also slightly on the negative side.

Volatility will remain high due to the derivatives expiry tomorrow. We reiterate our positive view on markets and suggest using dips to add quality stocks. Auto counters are all set for fresh surge after the recent consolidation so keep a close eye on them for fresh buying opportunities.

Plz refer disclaimer at  http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html