06/04/2017

The Sensex settled the day at 29,927; RBI keeps rate unchanged, Stock Tips for Tomorrow

The benchmark indices pared losses to end the day on a flat note after the Reserve Bank of India decided to keep the repo rate unchanged at 6.25% in line with the market expectations. Maintaining the ‘neutral’ stance, the Central Bank raised the FY17 GVA target for FY18 to 7.4%.
The Sensex settled the day at 29,927, down 47 points, while the broader Nifty50 ended at 9,262 down 3 points.

Nifty April 2017 futures closed at 9272.25 on Thursday at a premium of 10.30 points over spot closing of 9261.95, while Nifty May 2017 futures ended at 9295.30, at a premium of 33.35 points over spot closing.

Highest open interest has been seen in 9200 and 9300 strike price for call option and in 9000 and 8900 strike price for put option.


Stock Future Tips for Tomorrow (07/04/2017)


BUY DLF FUTURE ABOVE 160 TARGETS 160.8 , 161.6 STOPLOSS 158.8

BUY RECLTD FUTURE ABOVE 186.5 TARGETS 187.15 , 187.8 STOPLOSS 185.6

SELL FEDERALBNK FUTURE BELOW 89.2 TARGETS 88.85 , 88.5 STOPLOSS 89.8

BUY NMDC FUTURE ABOVE 138 TARGETS 138.65 , 139.3 STOPLOSS 137.1


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