F&O Market Update-Sai Proficient

FII net buy Rs 1378 crore in Index Future

FII net buy Rs 889 crore in Index Options

FII net buy Rs 87 crore in Stock Future

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Indian ADRs-Sai Proficient

Indian ADRs ended mostly higher on Tuesday.

In the IT space,

Infosys gained 0.68 percent at USD 16.21 and Wipro was down 0.55 percent at USD 5.47.

In the banking space,

ICICI Bank added 0.20 percent at USD 9.81 and HDFC Bank shed 0.30 percent at USD 100.53.

In the other sectors,

Tata Motors gained 0.46 percent at USD 32.98 and Dr Reddy’s Laboratories rose 1.05 percent at USD 36.54.

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F&O Cues-Sai Proficient

Nifty 10500 Put added 9.17 lakh shares in Open Interest on December 26

Nifty 10550 Put added 6.94 lakh shares in Open Interest

Nifty 10550 Call added 4.4 lakh shares in Open Interest

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Asian Markets Update-Sai Proficient

Oil prices were supported around a 2-1/2 year top on Wednesday after an explosion of a Libyan crude pipeline sparked supply fears while Gold and copper hovered near multi-week highs, boosting commodity- and energy-linked shares around Asia.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent to the highest since late November.

Japan’s Nikkei was up 0.1 percent.

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Dilip Buildcon bags two EPC projects worth Rs518cr, up 4.3%-Sai Proficient

DBL has received an order of Rs157cr, which involves six-laning of Davanagere-Haveri Section of NH-48 (Old NH-4) in Karnataka for a length of 6.85 km for package 18. Another project of Rs 361 cr is for the same highway (package 2). Both the contracts are expected to be completed in 24 months.

DBL is engaged in engineering, procurement & construction (EPC) of infrastructure facilities viz; roads, bridges, buildings, water bodies and mining. The company’s order book consists of road, highways & bridges (~82% of order book), mining (~15%) and rest from others. Moreover, it holds healthy order book of ~Rs14200cr (2.7x book-to-bill FY17 sales), which provides revenue visibility for next few years.

We are positive on the company, as we expect revenue CAGR of 17.7% over FY17-19E. Under BOT, it plans to monetize few assets to de-leverage balance sheet and meet equity requirements. Thereby, we expect PAT to grow at 19.4% CAGR over FY17-19E..

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Nifty hovers around 10,450, midcap continue to outperform; M&M dips -Sai Proficient

Equity benchmarks continued to consolidate in morning, with the Nifty hovering around 10,450 levels but the broader markets continued to outperform.

The 30-share BSE Sensex was up 6.79 points at 33,784.17 and the 50-share NSE Nifty rose 9.20 points to 10,453.40.

The Nifty Midcap index gained half a percent. About three shares advanced for every share falling on the BSE.

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F&O cues-Sai Proficient

Nifty 10500 Put added 11.5 lakh shares in Open Interest (OI) on December 20

Nifty 10400 Put added 5.01 lakh shares in OI

Nifty 10550 Call added 4.67 lakh shares in OI

Nifty 10400 Call sheds 6.5 lakh shares in OI

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Asian Markets Update-Sai Proficient

Asian shares fell on Wednesday, taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei stock index also edged down 0.2 percent.

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Market Live: Sensex, Nifty hold opening gains Auto, Metal indices outperform-Sai Proficient

M&M, PI Industries and Titan Company hit fresh record highs.

Talking on the market, Uday Kotak of Kotak Mahindra Bank said hat although markets have been on a roll for the last few days and weeks, on a more fundamental basis, Indian equity markets need to keep an eye on bond markets, what is happening to interest rates, the Budget and the levels of fiscal deficit.

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Sensex gains over 200 pts, Nifty above 10,400 as BJP leads in Gujarat, Himachal-Sai Proficient

The BJP is leading in 103 seats
while the Congress nominees are ahead in 76  seats, as per the
latest trends available for 179 seats after two hours of

counting for the Assembly polls in Gujarat.

Chief Minister Vijay Rupani, who earlier trailed behind
his Congress rival Indranil Rajyaguru after the counting of

postal ballots, is now leading in Rajkot West seat.

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Market Live: Sensex breaks 33,000 amid caution ahead of Gujarat exit polls-Sai Proficient

Equity benchmarks extended losses in late morning deals as the Sensex was down 92.85 points at 32,960.19 amid caution ahead of exit polls of Gujarat assembly later today.

The 50-share NSE Nifty was down 29.90 points at 10,163.10.

About two shares declined for every share rising on the BSE.

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US Markets Update-Sai Proficient

The S&P 500 and the Dow industrials registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in US corporate taxes and continued economic growth after strong inflation data.

The Dow Jones Industrial Average rose 118.77 points, or 0.49 percent, to 24,504.8, the S&P 500 gained 4.12 points, or 0.15 percent, to 2,664.11 and the Nasdaq Composite dropped 12.76 points, or 0.19 percent, to 6,862.32.

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Sensex opens in the red, Nifty gives up 10,300 DRL up 4%-Sai Proficient

Frontline indices continued to trade lower, with the Sensex down over 100 points, while the Nifty was firmly below 10,300-mark.

The Sensex is down 112.54 points or 0.34% at 33343.25, and the Nifty down 46.10 points or 0.45% at 10276.20. The market breadth is negative as 987 shares have advanced, 1174 shares declined, and 104 shares are unchanged.

Dr Reddy’s Laboratories shares rallied as much as 6 percent in morning Tuesday on getting clearance to Bachupally plant.

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F&O cues- Sai Proficient

Nifty 10200 Put added 12.05 lakh shares in Open Interest on December 8

Nifty 10200 Call added 5.2 lakh shares in Open Interest

Nifty 10400 Call shed 8.65 lakh shares in Open Interest

Nifty 10450 Call added 3.4 lakh shares in Open Interest

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Asian markets Update-Sai Proficient

Asian markets were narrowly mixed in early Monday trade, following a positive finish in the US last Friday after the release of a stronger-than-expected jobs report.

Japan’s Nikkei 225 edged higher by 0.06 percent as most trading houses, automakers and banks climbed. Tech shares, however, were a mixed picture, with Sony falling 1.09 percent and SoftBank Group higher by 0.47 percent in early trade.

Across the Korean Strait, the Kospi shed 0.1 percent as automakers, brokerages and blue-chip tech stocks declined. Samsung Electronics was off 0.69 percent and SK Hynix edged down 0.51 percent.

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Sensex above 33,000, up over 200 pts Airtel up 3%, breadth strong-Sai Proficient

Benchmark indices remained strong in morning as the Sensex was up 234.09 points at 33,183.30 and the Nifty gained 78 points at 10,244.70.

About three shares advanced for every share falling on the BSE.

All sectoral indices were strong for second consecutive session today. Nifty Metal, Pharma and Auto indices gained more than a percent.

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F&O Market Update-Sai Proficient

Nifty 10000 Put added 5.4 lakh shares in Open Interest

Nifty 10200 Call shed 6.8 lakh shares in Open Interest

Nifty 10300 Call shed 5.2 lakh shares in Open Interest

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Asian Markets Update-Sai Proficient

Asian markets edged up in early Friday trade after U.S. markets finished higher on Thursday as investors stateside awaited developments regarding tax reform. Markets also awaited the release of trade data out of China for clues about the health of its economy.

The Nikkei 225 advanced 1.12 percent, rebounding after recording a near 2 percent fall in the middle of the week. Also providing support for the increase was the softer yen, which traded above the 113 level to the dollar. Automakers, tech names and trading houses recorded gains.

Across the Korean Strait, the Kospi was mostly flat as gains in heavyweight tech names offset losses seen in automakers and several manufacturing plays.

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F&O Market Update-Sai Proficient

Nifty 10100 Call added 8.37 lakh shares in Open Interest on December 6

Nifty 10200 Call added 7.7 lakh shares in Open Interest

Nifty 9800 Put added 5.23 lakh shares in Open Interest

Nifty 10200 Put shed 2.1 lakh shares in Open Interest

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Indian ADRs Market Update-Sai Proficient

Indian ADRs ended mixed on Tuesday.

In the banking space,

ICICI Bank rose 0.96 percent at USD 9.44 and HDFC Bank was down 0.02 percent at USD 94.19.

In the IT space,

Infosys rose 1.49 percent at USD 15.69 and Wipro added 1.17 percent at USD 5.18.

In the other sectors,

Tata Motors was down 0.06 percent at USD 31.11 and Dr Reddy’s Laboratories fell 1.09 percent at USD 34.52.

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Asia stocks pressured by Wall Street losses, dollar sags-Sai Proficient

Asian stocks slipped on Wednesday, pressured by losses on Wall Street as the technology sector stuttered yet again after a brief rebound, while the dollar sagged on lower long-term US yields.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.2 percent.

Australian stocks and South Korea’s KOSPI were down 0.2 percent, respectively. Japan’s Nikkei lost 0.5 percent.

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Market Live: Sensex extends losses, Nifty trades below 10,100 Bharat Forge gains-Sai Proficient

Bharat Forge shares gained more than 3 percent in morning after strong trend continued in North America class 8 truck orders in November.

North America class 8 truck orders for the November month were at 32,387 units, a massive growth of 68 percent over 19,285 units in year-ago.

The reason for strong leap in truck and tractor sales was US economic growth that has been topping 3 percent for last two quarters.

However, month-on-month basis, class 8 truck orders declined 9 percent from 35,700 units in October.

The rupee strengthened by 12 paise to 64.25 against the dollar at the interbank Forex market today on increased selling of the American currency by banks and exporters.

The dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

Yesterday, the rupee had rebounded by 9 paise to end at 64.37 against the US dollar in a highly volatile trade on fresh selling of the greenback and also emboldened by encouraging Q2 GDP numbers and monthly manufacturing data.

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Bank Nifty Market Trend for 04-December- 2017

SP: BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 25085

SUPP 2: 24910

RES 1:25480

RES 2: 25750

http://www.saiproficient.com/freeTrial.aspx

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Indian ADRs: Dr Reddy’s Lab, ICICI Bank, Tata Motors slip-Sai Proficient

Indian ADRs ended mostly lower on Thursday.

In the banking space,

ICICI Bank declined 1.65 percent at USD 9.54 and HDFC Bank was down 0.77 percent at USD 97.10.

In the IT space,

Infosys was up 0.39 percent at USD 15.56 and Wipro added 1.32 percent at USD 5.39.

In the other sectors,

Tata Motors fell 1.17 percent at USD 31.19 and Dr Reddy’s Laboratories shed 1.90 percent at USD 35.02.

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Sai Proficient-Asian Market Update

Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on US tax legislation as investors waited for the Senate’s vote, while higher US Treasury yields underpinned the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent. For the week, it was 2.6 percent lower.

Japan’s Nikkei stock index was up 0.8 percent in early trade, on track to gain 1.6 percent for the week.

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US MARKET UPDATE-SAI PROFICIENT

The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.

The Dow Jones Industrial Average rose 103.97 points, or 0.44 percent, to 23,940.68, the S&P 500 lost 0.97 point, or 0.04 percent, to 2,626.07 and the Nasdaq Composite dropped 88.02 points, or 1.27 percent, to 6,824.34.

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Indian ADRS Update-Sai Proficient

Indian ADRs ended mostly higher on Tuesday.

In the IT space,

Infosys added 0.19 percent at USD 15.56 and Wipro rose 0.19 percent at USD 5.31.

In the banking space,

ICICI Bank fell 0.41 percent at USD 9.64 and HDFC Bank was up 0.28 percent at USD 98.05.

In the other sectors,

Tata Motors was unchanged at USD 32.19 and Dr Reddy’s Laboratories gained 1.51 percent at USD 35.53.

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Asian Market Update-Sai Proficient

Asian shares rose and the dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on US tax cuts, upbeat economic data and bank-friendly comments from the would-be head of the Federal Reserve.

There was no obvious market reaction to the latest missile test by North Korea. President Donald Trump said the United States “will take care of” the North Korea issue and the approach to dealing with Pyongyang would not change.

The missile was launched from Sain Ni, North Korea, and traveled about 1000 km before splashing down in the Sea of Japan, within Japan’s Economic Exclusion Zone (EEZ).

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Midcap outperforms Nifty; Indraprastha Gas, Indiabulls Real most active-Sai Proficient

Equity benchmarks continued to consolidate ahead of expiry of November derivative contracts on Thursday.

The 30-share BSE Sensex was down 23.97 points at 33,700.47 and the 50-share NSE Nifty fell 4 points to 10,395.50.

The broader markets continued to outperform benchmarks as the BSE Midcap index was up 0.3 percent and Smallcap gained 0.5 percent. About two shares advanced for every share falling on the BSE.

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Sensex trades lower, Midcap outperforms Nifty; HPCL, IOC, BPCL down-Sai Proficient

Equity benchmarks continued to trade mildly lower in morning, dragged by FMCG, oil marketing companies, technology and select banking & financials stocks.

The 30-share BSE Sensex was down 70.53 points at 33,608.71 and the 50-share NSE Nifty declined 30.70 points to 10,359.

The broader markets outperformed benchmarks, with the BSE Midcap index rising 0.2 percent and Smallcap up 0.4 percent on positive breadth. About 1,391 shares advanced against 847 declining shares on the BSE.

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Sensex up 100 points, Nifty firmly above 10350; Infy, Bajaj Auto gain-Sai Proficient

The Sensex is up 91.70 points at 33679.78, while the Nifty is up 33.20 points at 10382.00. The market breadth was positive as 1468 shares advanced against a decline of 804 shares, while 98 shares were unchanged.

Infosys, Bajaj Auto, Aurobindo Pharma and Infosys were the top gainers, while HUL, Tata Steel and Zee Entertainment lost the most.

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Sensex, Nifty trade flat after opening higher Bharti twins gain-Sai Proficient

Equity benchmarks opened mildly higher on Thursday but immediately erased those gains to trade flat. Investors closely watch crude oil prices movement and other global cues due to lack of domestic cues.

The 30-share BSE Sensex was down 23.63 points at 33,537.92 and the 50-share NSE Nifty fell 4.80 points to 10,337.50.

About 719 shares advanced against 409 declining shares on the BSE.

Bharti Airtel, Bosch, Bharti Infratel, Infosys and Power Grid were early gainers.

Dr Reddy’s Labs, UltraTech Cement, Asian Paints, Zee Entertainment and Axis Bank were early losers.
ICICI Prudential Life, HDFC Standard Life and SBI Life were under pressure, falling 2-4 percent.

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Sensex Opens below 33K, Nifty Mildly Lower-Sai Proficient

India’s largest drug maker Sun Pharma share price fell 2 percent after earnings.

The company reported 59 percent decline in net profit to Rs 912.1 crore in the second quarter ended September as the company faces pricing pressure in US generics market.

The company was benefited last year by an extending limited competition for generic blood cancer drug imatinib in US market.

The company reported net profit of Rs 2235 crore in the same period of previous year. Revenues declined 19.5 percent to Rs 6650 crore compared to Rs 8260 crore in the year-ago period.

Oil Update: Oil prices tumbled today, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of tightening fuel markets.

Brent crude futures were at USD 61.44 per barrel, down 1.24 percent from their last close.

US West Texas Intermediate (WTI) crude was at USD 55.10 per barrel, down over 1.08 percent.

The price falls mean that crude prices are now down by around 5 percent since hitting 2015 highs last week, ending a 40-percent rally between June and early November.

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Indian ADRs Update-Sai Proficient

Indian ADRs ended mostly lower on Monday.

In the IT space,

Infosys was unchanged at USD 14.64 and Wipro added 1.09 percent at USD 5.09.

In the banking space,

ICICI Bank fell 1.56 percent at USD 9.46 and HDFC Bank shed 0.44 percent at USD 93.61.

In the other sectors,

Tata Motors was unchanged at USD 33.09 and Dr Reddy’s Laboratories was down 0.28 percent at USD 35.51.

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Market Live: Sensex, Nifty continue to trade lower; SBI, M&M top gainers-Sai Proficient

Gold prices were little changed on Monday, but held near the previous session's low, pressured by a firmer dollar and expectations of a series of interest rate hikes by the U.S. Federal Reserve this year and in 2018.

Spot gold was nearly unchanged at $1,275.63 per ounce at 0431 GMT. On Friday, gold dropped 0.7 percent for its biggest one-day percentage fall since Oct. 26, weighed down by a rise in U.S. Treasury bond yields.

The Sensex was down 63.44 points at 33251.12, while the Nifty was down 33.30 points at 10288.50.

The market breadth was negative as 1055 shares advanced against a decline of 1,095 shares, while 86 shares were unchanged.

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US Market Update-Sai Proficient

Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a US Senate Republican plan that would delay expected corporate tax cuts.

The Dow Jones Industrial Average lost 0.43 percent to end at 23,461.94, while the S&P 500 declined 0.38 percent to 2,584.62.

The Nasdaq Composite dropped 0.58 percent to 6,750.05.

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Market Live: Nifty, Sensex remain flat; Metals lose shine, Tech Mahindra up 4%-Sai Proficient

Equity benchmarks remained rangebound in afternoon after easing crude oil prices. Banks and technology stocks were mixed. Metals and oil & gas stocks were under pressure while healthcare stocks gained.

The 30-share BSE Sensex was down 55.28 points at 33,315.48 and the 50-share NSE Nifty fell 23 points to 10,327.20.

The market breadth turned negative as about 1,440 shares declined against 1,120 advancing shares on the BSE.

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Nifty 10600 Call adds 6.9 lakh shares in Open Interest-Sai Proficient

Nifty 10100 Put shed 8.1 lakh shares in Open Interest on November 7

Nifty 10300 Put shed 6.3 lakh shares in Open Interest

Nifty 10400 Put shed 4.66 lakh shares in Open Interest

Nifty 10500 Put added 4.6 lakh shares in Open Interest

Nifty 10500 Call added 9.1 lakh shares in Open Interest

Nifty 10600 Call added 6.9 lakh shares in Open Interest

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मंगलवार के कारोबार के लिए टॉप इंट्रा-डे टिप्स, इन स्टॉक्स में कर सकते हैं ट्रेड

मंगलवार के कारोबार में मार्केट एक्सपर्ट्स ने विप्रो, Majesco और फिलिप कार्बन में निवेश की सलाह दी है। आप नीचे दी गई रणनीति के आधार पर निवेश कर सकते हैं। ...

विप्रो  
टारगेट - 335
स्‍टॉप लॉस - 280 

Majesco 
टारगेट - 570
स्‍टॉप लॉस - 498 

फिलिप कार्बन 
टारगेट - 1150
स्‍टॉप लॉस - 960

यदि आप मार्केट के बारे मैं और अधिक जानकारी चाहते है तो फील करे ये फॉर्म @ https://goo.gl/pTwmGv और जल्दी लाभ उठाये प्रॉफिट कमाने का 

Indian ADRs: ICICI Bank gains; Wipro, Dr Reddy’s Lab down | Sai Proficient

Indian ADRs ended mixed on Monday.

In the banking space,

ICICI Bank was up 1.46 percent at USD 9.70 and HDFC Bank added 1.34 percent at USD 95.47.

In the IT space,

Infosys was unchanged at USD 14.64 and Wipro shed 0.19 percent at USD 5.12.

In the other sectors,

Tata Motors was unchanged at USD 33.09 and Dr Reddy’s Laboratories was down 0.03 percent at USD 36.74.

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Asian Markets Update -Sai Proficient

Asian shares advanced on Thursday after the US Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike as investors awaited the formal nomination of the next head of the central bank.

Japan’s Nikkei stock index was up 0.2 percent, probing fresh 21-year highs and on track to gain 2.3 percent in a holiday-shortened week. Japanese markets will be closed for a national holiday on Friday.

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Sensex hits record high, but wait 10-year data suggests November belongs to bears-Sai Proficient

The Nifty50 rose to a fresh record high of 10,425, while the S&P BSE Sensex too hit a lifetime high of 33,530 on Wednesday, fuelled by strong macro data.

The S&P BSE Sensex saw its worst fall in the year 2008 when the index fell by over 12 percent, followed by the year 2011 when it saw a decline of 7.7 percent, and just last year in 2016, the index fell by a little over 5 percent.

The index rose in 3 out of the last 10 years. It rose nearly 10 percent in the year 2009, followed by 4 percent rally in the year 2012 and 3 percent gain in 2014.

The Nifty50 touched a fresh record high of 10,384.50 earlier in the week and a sustained move above 10,385 could add fuel to the momentum, till then we could see some consolidation in the month of November.

Crude oil is not trading above $60/bbl since the last few days. But, analysts are not worried and say that even crude at higher levels can be interpreted as a bullish signal for equity markets across the globe.

“The Nifty50 is hitting fresh highs on a daily basis in October which suggests that market is in a structural bull run. The index could continue its northward journey as earnings season so far has not disappointed the market,” Saurabh S Jain, MD, SSJ Finance.

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Indian ADRs: ICICI Bank, Tata Motors, Wipro gain-Sai Proficient

Indian ADRs ended mostly higher on Monday.

In the banking space

ICICI Bank rose 2.73 percent at USD 9.04 and HDFC Bank declined 1.36 percent at USD 90.68.

In the IT space

Wipro was up 1.16 percent at USD 5.24 and Infosys shed 0.73 percent at USD 14.89.

In the other sectors

Tata Motors added 1.74 percent at USD 33.33 and Dr Reddy’s Laboratories gained 0.56 percent at USD 36.15.

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Wall Street slips as Merck drops, tax talk rattles-Sai Proficient

Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares and a report that US lawmakers are discussing a gradual phase-in of much-anticipated corporate tax cuts.

Market watchers pointed to declines steepening after a Bloomberg report that the House of Representatives was discussing a gradual cut in corporate tax rates over several years.

The Dow Jones Industrial Average fell 85.45 points, or 0.36 percent, to 23,348.74, the S&P 500 lost 8.24 points, or 0.32 percent, to 2,572.83 and the Nasdaq Composite dropped 2.30 points, or 0.03 percent, to 6,698.96.

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Market Live: Nifty extends gains, Sensex rises 150 pts Mid and Smallcap rally 1%-Sai Proficient

Housing finance company HDFC is expected to report profit growth of 7.4 percent year-on-year at Rs 1,962 crore for the quarter ended September 2017.

Profit in July-September quarter 2016 stood at Rs 1,826.5 crore.

Net interest income during the quarter is seen rising 14.9 percent to Rs 2,640.2 crore compared with Rs 2,297.2 crore in same quarter last fiscal, according to average of estimates of analysts.

Analysts feel if net interest margin comes above 3.75 percent, asset under management growth above 15 percent and gross non-performing assets below 1.2 percent then that will be taken positively by the Street.

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How to Trade in Nifty Futures and Options-Sai Proficient

A trader can trade in many ways in the Nifty market. They can trade in nifty cash, nifty future and nifty options. The trading in all types of equity trading can be done in form of Nifty Cash and Nifty Options. 

In the cash market the trader or the investor invests in the tocks by paying the current market prices in the market. In futures a contract is signed between the seller and buyer for a future date. Thus the market price of buying the particular entity on a future date is decided.

In case of options a put or a call option is initiated. The call is similar to buy the option and put is similar to sell the option. If the call is initiated and the market goes up the trader will incur a profit. On the other hand if the call is initiated and market goes down the trader will incur a loss.

Trading in Nifty Futures can be done by having the idea of the trend in the morning before the start of the market. The opening session of the nifty closely follows the SGX Nifty. The SGX nifty is the nifty traded in the Singapore exchange.

Thus if the SGX nifty in the morning session has seen a strict uptrend the same will be seen in Nifty and if a strong down trend is seen in the SGX nifty the same will be observed in the Indian market also.

In case there is no strong movement in any direction the trader should take the other factors in account to decide the market trend on that particular day. Thus the market movement in the early morning session decides the initial opening of the Nifty in the Indian Market. The other factors besides the SGX nifty following are the Indian rupees and Dollar exchange rate and any news of political importance.

In case the trader is new to the market, they can take the help of any Reputed Advisory Firms for the analysis of technical related to Nifty and SGX Nifty and provide adequate calls on the Nifty in the Indian Market. 

Sai Proficient Research is one such reputed advisory firm to provide support and help related to financial issues and investments. The advisory firms have expert technical analysts who on the basis of their detailed technical analysis provide accurate Stock Market Tips. One can take their demo service and once satisfied with the service they can take the paid services.   

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Nifty Outlook By Sai proficient

Indian equity markets achieved a new all time high this week with a fresh new all time high of 10366 while it closed at record levels of 10320. Bank Nifty index also added more than a 1000 points to close at 24850 levels. As Equity markets returned from festive holidays we have seen benchmark indices post best gains in last couple of months making October series as rewarding for bulls as it have been in past.

The gains were largely contributed by Indian domestic cues as one of the largest mega projects were unveiled by Indian govt worth 7 Lakh crore which aimed at boosting the overall economy while recapitalization of Banks with 2.11 Lac crore paved the way for PSU banks to post record gains. Some of the banks which were leader among the sector hit as much as 60-70% with overall delivery reaching to +85% as well. SBI, CanBank, PNB, and Bankbaroda were major gainers adding more than 1 Lac crore in value post announcement. Global cues like passing the US bill in senate was also a boosting factor for the sentiments in starting of the week.

Nifty is in uncharted territory and seems to break immediate resistances. The broader range of the markets are presently at 10200 – 10400. This particular range may expand in coming week since a lot of results will be coming out. In past week a lot of upbeat results helped market keeping the undertone bullish as well. We see immediate support at 10250 – 10200. Below that profit booking may trigger to 10130. Resistance is at 10400. breaching of same will further push market to confluence of 10500 – 10600.

Despite a recent run up we may see some profit booking in PSU banks. Auto stocks may perform well in coming week along with FMCG like marico, ITC and so on. From auto space we like Maruti, Tata Motors and motherson sumi. In coming month we may see some important numbers like IIP and WPI while results season will also affect stock specific.

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Asian stocks stall on Wall Street pullback, euro gains before ECB-Sai Proficient

Asian stocks stalled on Thursday, weighed as Wall Street shares pulled back from record highs, while the euro stretched gains ahead of a European Central Bank policy meeting at which it could take a major step away from accommodative policy.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.05 percent. Australian stocks dipped 0.2 percent while South Korea’s KOSPI lost 0.1 percent.

Japan’s Nikkei , which had snapped a 16-day winning run the previous day, rose 0.35 percent.

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Opening bell: Asian markets open higher; Hindustan Unilever, HCL Tech Q2 results today

US stocks end higher; Asian markets follow suit

The Dow Jones industrial average rose sharply on Tuesday on the back of strong quarterly results from 3M and Caterpillar.

Major indices in Asia rose in early Wednesday trade, following Wall Street’s stronger lead, as investors also awaited the unveiling of China’s new leadership line-up.

Rs2.1 trillion PSU bank recapitalisation plan gets nod in bid to spur investment
The finance ministry on Tuesday announced a Rs2.11 trillion recapitalisation package for state-owned banks weighed down by bad loans, seeking to stimulate the flow of credit to spur private-sector investment.

HDFC Bank Q2 net profit up 20% to Rs4,151 crore
HDFC Bank Ltd reported a 20.1% jump in its September quarter net profit due to higher net interest income and other income.

New India Assurance IPO opens on 1 November, price band at Rs770-800 per share
India’s state-run New India Assurance Co. Ltd has set a price band of Rs770-800 a share for its initial public offering (IPO) opening on 1 November.

Infosys Q2 profit rises 3.4% to Rs3,726 crore
Infosys Ltd’s net profit improved 7% to $578 million from $541 million in the June quarter, and 7.3% year-on-year, in dollar terms. In rupee terms, net profit improved 7% on a sequential basis and 3.4% year-on-year to Rs3,726 crore.

Govt to sell up to 5% in NLC, floor price at Rs94 per share
The government will sell up to 5% stake at a floor price of Rs94 apiece in mining PSU Neyveli Lignite (NLC) through a two-day offer for sale beginning on Wednesday.

Reliance Nippon AMC IPO: Rs462 crore raised from anchor investors
Reliance Nippon Life Asset Management Ltd has raised Rs462.67 crore by selling shares to institutional investors as part of its anchor book allocation, a day before its initial public offering (IPO) opens.

RBI imposes Rs2 crore penalty on IDFC Bank, Rs6 crore on Yes Bank
The Reserve Bank of India (RBI) has slapped a Rs6 crore penalty on Yes Bank Ltd for breaching its rules on classifying non-performing assets and failing to report a security incident involving its ATMs on time. Separately, RBI also imposed a Rs2 crore penalty on IDFC Bank Ltd for breaching regulations on giving loans.

Earnings corner
Emami Ltd, HCL Technologies, Hindustan Unilever and Kotak Mahindra Bank are among the companies that will be announcing their September quarter earnings on Wednesday.

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Market Live: Sensex, Nifty open higher, ONGC shares rise 3%-Sai Proficient

Mumbai: The BSE Sensex opened higher on Tuesday against the previous session’s closing. The broader NSE’s Nifty, too, rose in the morning hours. The Indian rupee strengthened marginally against the US dollar. The shares of ONGC, Hindustan Unilever, NTPC rose, whereas the shares of Hero M&M and Sun Pharma fell.

■ 9.25am: BSE Sensex opened higher by 54.57 points, or 0.17%, to 32,561.29, while the Nifty 50 gained 16.55 points, or 0.16%, to 10,201.40.

■ 9.23am: Havells India Ltd fell 2.7% to Rs527.30. The company reported a net profit of Rs171.02 crore for the quarter ended September against Rs145.79 crore a year ago. Net sales during the quarter stood at Rs1,777.36 crore against Rs1,559.33 crore in the year-ago period.

■ 9.20am: HDFC Bank Ltd rose 0.3% to Rs1,868.75 ahead of its September quarter earnings. According to 21 Bloomberg analyst estimates, the bank may report a net profit of Rs4,171.40 crore.

■ 9.17am: Infosys Ltd fell 0.2% to Rs938.50 ahead of its September quarter earnings. According to 25 Bloomberg analyst estimates, the company may post a net profit of Rs3,530.20 crore on revenue of Rs17,644.10 crore

■ 9.15am: The rupee opened at 64.97 a dollar. At 9.15am, the home currency was trading at 64.92 against the dollar, up 0.14% from its Monday’s close of 65.02.

■ 9.13am: The 10-year bond yield was at 6.791% compared to its previous close of 6.796%. Bond yields and prices move in opposite directions.

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