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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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 in red, Nifty struggles below 8000

On Thursday the equity market starts with the flat note. BSE Sensex dropped over 100 points and trade below 26,000 in morning trade, Nifty trading below 8,000. Sensex trading at 25955, lower by 95 points or 0.36 percent, led by losses Tata Motors, NTPC, ICICI Bank, Sun Pharma, and Cipla. Nifty down mere 36 points or 0.46 percent to 7996. led by losses Zee Entertain, Eicher Motors, Tata Motors, Tata Motors (D), and NTPC. Sensex opened at 26,049.14, Touched a high of 26,049.14 and touched a low of 25,880.78 in morning trade. Nifty opened at 8,011.80, Touched a high of 8,013.65 and touched a low of 7,973.95  in early trade. BSE midcap index down 0.28 percent to 12008.18, whereas BSE smallcap index up 0.09 percent to 11876.32. After hitting a 9-month low, the rupee has crossed record closing low of 68.80 per dollar.

BSE Gainers - Asian Paints 1.56%, Infosys 0.92%, Bajaj Auto 0.82%, TCS 0.81%, SBI 0.68%.

BSE Losers - Tata Motors 2.80%, NTPC 2.03%, ICICI Bank 1.58%, Reliance 1.10%, Adani Ports 0.91%.

Sell Bajaj Finance Ltd BAJFINANCE at 833.50 for the target of 823.00 with stop loss of 846.00 

Buy Shriram Transport Finance Company Ltd SRTRANSFIN at 860.00 for the target of 870.00 with stop loss of 850.00 

Buy ACC Ltd ACC at 1,315.00 for the target of 1,323.00 with stop loss of 1,312.00