Nifty hit new high of 9,245.35; Stock Market Tips for Tomorrow

The benchmark indices riding on good PMI numbers and strong rupee, both indices ended the day at their respective record closing highs. The manufacturing sector expanded at the fastest pace in five months in March with Nikkei Manufacturing PMI at 52.5 in March, as compared to 50.7 in February. Finance Minister pegging India's GDP growth at 7.7% in 2018 and hopes of timely implementation of GST also aided the sentiment. The Sensex ended at 29,910 up 290 points, while the broader Nifty50 closed at 9,245. Nifty April 2017 futures closed at 9263.25 on Monday at a premium of 25.40 points over spot closing of 9237.85, while Nifty May 2017 futures ended at 9280.35, at a premium of 42.50 points over spot closing. Nifty April futures saw a contraction of 0.58 million (mn) units, taking the total outstanding open interest (OI) to 22.36 million (mn) units. Highest open interest has been seen in 9200 and 9300 strike price for the call option and in 9000 and 8900 strike price for the put option.

Experts View

BUY GRANULES FUTURE ABOVE 144.2 TARGETS 145 , 145.8 STOPLOSS 143

BUY RELIANCE FUTURE ABOVE 1380 TARGETS 1388, 1396 STOPLOSS 1368

BUY SINTEX FUTURE ABOVE 109 TARGETS 109.55,   110.1STOPLOSS 108.1

BUY HAVELLS FUTURE ABOVE 472 TARGETS 474, 476 STOPLOSS 469

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Sensex down 27 pts, nifty flat off, mid-stock rally

The first day of the April series closed the end of the day with the downturn of the trading amid the ups and downs. The Sensex slipped 27 points and closed at 29,620. the Nifty flat closed at 9,174. Selling in banking, FMCG, IT and realty stocks fell in the market. In Friday's trade, the most buying activity was seen in midcaps and small-cap shares compared to large-cap stocks. The BSE mid-cap index gained 0.79 percent to close at 14097 marks, while the Nifty Mid-cap 100 index gained 0.51 percent. At the BSE's smallcap index rose by 0.72 percent. In this trading session, selling in banking, FMCG, IT and realty stocks put pressure on the market. Bank Nifty closing 0.82 percent down at 21,444 level. and Nifty's FMCG index fell 0.54 percent, IT index by 0.26 percent and Nifty Realty index declined 0.16 percent. 

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Nifty Future settled March series at record closing high; Stock Tips Tomorrow

The benchmark Nifty50 on Thursday settled the expiry of March futures & options at the record high after the government moved a step closer to implementing a nationwide goods and services tax (GST) from July. With rollovers at a healthy clip, markets held on to its gains, and it showed in the market breadth which was decidedly strong. Banking stocks continued to outperform, with realty also the following suit on consideration of rationalization of waiver of stamp duty for affordable housing projects. The Sensex ended at 29,647, up 116 points, while the broader Nifty50 closed at 9,173, up 30 points. Nifty April 2017 futures closed at 9189.50 on Thursday at a premium of 15.75 points over spot closing of 9173.75, while Nifty May 2017 futures ended at 9216.40, at a premium of 42.65 points over spot closing.

Stock Tips for Tomorrow

BUY ADANIENT FUTURE ABOVE 106.45 TARGETS 106.95, 107.45 STOPLOSS 105.7

BUY BANKINDIA FUTURE ABOVE 141.4 TARGETS 142.05, 142.7 STOPLOSS 140.5

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Sensex, Nifty opened higher for second consecutive day; Nifty trading tips

The Domestic Market has opened higher for the fourth trading session to the Asian Market trading strong on the benchmark. The Market has opened higher for second consecutive session on Thursday. Sensex and Nifty opened with positive strength from the 52-weak. The Sensex trading higher by 136 points or 0.47 percent at 29121.95, whereas Nifty50 up 38 points or 0.43 percent at 8984. As About 968 shares have advanced, 504 declining shares, 76 shares are unchanged on NSE. 

Tata Motors, Tata Motors (D), UltraTechCement, ICICI Bank, and Ambuja Cements are the top gainers, while Idea Cellular, BPCL, Sun Pharma, Dr Reddys Labs, and NTPC are the major losers on NSE.

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Sensex, Nifty erase early gains on profit booking; Today's Stock Tips

The Equity Benchmarks has opened with positive strength for the fourth day of this week on Thursday,  by reason the good global signals and Asian market trading with a great strength. After three days stock market has been seen positive strength because RBI Policy rates have not changed and second is a good budget. Sensex bounced 175 points in morning trade but after profit booking, the market has slowed down and Sensex slipped 90 points, meanwhile Sensex trading at 28181.61, dropped 108 points or 0.38 percent. while Nifty down 34 points or 0.41 percent at 8733.25. BSE midcap index down by 0.35 percent at 13428.37, whereas BSE smallcap index trading down 0.07 percent at 13548.04. 

Experts Recommendation 

SELL ORIENTBANK BELOW 123.45 TARGETS 122.95, 122.45, 121.95 STOPLOSS 124.45 

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