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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The Excellent stocks performer in the last 6 - months

In this week, The equity market was very consolidated. The last day market closed at the red note. Nifty was opened at 8,694 and then slipped into an intraday low of 8,647 on yesterday. During the last 6 - months several small stocks, which has a return of 400 percent, such as Agri-Tech (India), Tata Metaliks , Mahamaya Steel,Medicamen Biotech, Energy Dave, Store One Retail, ALLSEC Tech, Dwarikesh Sugar, Mawana Sugar companies given excellent performance in last 6 - months.

Performance of Domestics Market - 

Globel market was seen continued to down after the Brexit. But the domestic market has been giving positive returns.  

GST and good monsoon are the major triggers for the domestic market.

Sensex given 8 percent returned in the last 3 - months. while in the last 6 - months, Sensex gave 20 percent returned.