28/06/2017 Closing Update- Bank Stock Falls, Best Equity Tips

The Equity Market continued to close on lower note for the second consecutive day, due to the mixed global signals. the market was under pressure leads in losses in Havey Weights shares, Reliance, ITC, HDFC, ONGC, was showed selling under pressure today. that's why Sensex declined 124 points at 30,834 and Nifty fell 20 points at 9491. The market breadth was negative as 1274 shares were advanced, 1339 shares declined and 180 shares were unchanged on NSE. 

Reliance and Asian Paints were the top losers for the day, while Tata Steel, Bharti Airtel, Tech Mahindra and Yes Bank gained the most.

State Bank of India declined as much as 2.1 percent. It had fallen 3.2 percent on Today. Reliance Industries Ltd down as much as 2.5 percent, its biggest intraday percentage loss in three months, and was the biggest drag on both the NSE index and the BSE index. The stock had risen 32.8 percent this year as of Tuesday’s close. 

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Stock Market Prediction; Investment Idea

The market failed to extend gains for the fourth consecutive session Friday as the Nifty ended flat with a negative bias but managed to hold the 8400-mark. Technology stocks dragged the market lower but index heavyweights ITC, HDFC and Reliance Industries capped the upside. Fall in December CPI inflation and unexpected growth in November factory data despite currency demonetisation also supported the market. The Sensex was down 9.10 points at 27238.06 on profit booking after a 317-point swing intraday. The Nifty fell 6.85 points at 8400.35 after hitting an intraday high of 8461.05 and low of 8373.15. Meanwhile, India’s index of industrial production jumped to a 13-month high of 5.7 percent in November 2016 against a contraction of 3.8 percent in a year-ago month. Inflation based on the consumer price index (CPI) slipped to a 25-month low of 3.41 percent in December 2016 against 3.63 percent in previous month. 

FUTURE CALL

BUY DHFL FUTURE ABOVE 273.75 TARGETS275.75, 277.75, 279.75 STOP LOSS 269.75

BUY NMDC FUTURE ABOVE 145.5 TARGETS 147.5, 149.5, 151.5 STOP LOSS 141.5

BUY RECLTD FUTURE ABOVE 140 TARGETS 141.5, 143,144.5 STOP LOSS 137

BUY UNIONBANK FUTURE ABOVE 135 TARGETS 136.5, 138,139.5 STOP LOSS 132