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Wednesday, 17 January 2018

Nifty jumps above 10,870 mark; Yes Bank, HDFC Bank stock lead |Trade Nivesh Investment

Benchmark indices jump-started the session at fresh lifetime highs tracking global markets and underpinned by gains in banks and fast moving consumer goods companies. Nifty Bank gained over 500 points after media report stated that the government is considering allowing 100% FDI in the banking sector.
At 9:47 AM, 
The BSE Sensex was trading at 35,446, up 364 points, while the broader Nifty50 index was ruling at 10,879, up 90 points.
The Nifty PSU Bank index, up 1.8%, was the top gaining sectoral index, led by near 2% gains in shares of State Bank of India.
The Nifty FMCG index gained 0.8% led by near 2% gains in shares of Hindustan Unilever, as the company reported a higher-than-expected Oct-Dec net profit.
Shares of Emami Paper Mills rose 3% after L&T mutual fund bought 5.42% stake in the company through multiple block deals on the BSE.
Bharti Infratel stock slipped over 2.5% after the company posted 6% fall in consolidated net profit to Rs585cr for the December quarter of the current fiscal on higher costs.

The BSE Mid-cap and BSE Small-cap indices were up 0.48% and 0.97%, respectively.

Volatility index India VIX slipped 1.10% at 13.7150.

Yes Bank (+4%), UPL (+3%), HDFC Bank (+2.5%), IndusInd Bank (+2.3%) and HDFC (+1.9%) were the top gainers on Nifty50.

Infratel (-2.6%), GAIL (-1%), Infosys (-0.85%), Hindalco (-0.80%) and IOC (-0.78%) were the top losers in today’s trade.

Out of 2,006 stocks traded on the NSE, 1,248 advanced, 349 declined and 409 remained unchanged today.

A total of 54 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.

Sensex hits 35K; Nifty Bank hits new all-time high |Trade Nivesh

Equity benchmarks remained strong in afternoon, with the Sensex hit 35,000 level for the first time. The Nifty Bank hit fresh all-time high led by PSU banks after government reduced requirement of additional borrowing for the year and early resolution to Bhushan Steel case.
At 2:57 PM, the BSE Sensex was trading at 35,039, up 268 points, while the broader Nifty50 index was ruling at 10,774, up 74 points.
Shares of Bharat Heavy Electricals recovered losses after the company said it has received an order worth Rs28 bn to set up a 660-MW coal-based thermal power unit at Jalgaon, Maharashtra.
Shares of Zee Entertainment Enterprises were weak after the company reported consolidated net profit of Rs3.2 bn for the quarter ended December, below analyst expectations of Rs3.64 bn.
MCX slipped over 5% after the company posted a 35.6% fall in consolidated net profit at Rs18.8cr for the December quarter over the previous quarter ended September 30, 2017, on lower volumes in the bullion segment.
The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.35%, respectively.
Volatility index India VIX slipped 2.32% and is currently at 13.75 levels.
Some of the buying sectors seen in IT, pharma, bank, metal, FMCG, auto and financial services, while media sector is losing sheen on the NSE.
SBI (+3.8%), Aurobindo (+3%), Axis Bank (+2.9%), In
fosys (+2.5%) and Yes Bank (+2.2%) were the top gainers on Nifty50.
Zee (-2.8%), Wipro (-1.9%), Hero MotoCorp (-1.4%), Infratel (-1.3%) and Ambuja (-1.2%) were the top losers in today’s trade.
Out of 2,012 stocks traded on the NSE, 818 advanced, 893 declined and 301 remained unchanged today.
A total of 65 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Tuesday, 16 January 2018

Nifty holds 10,700 mark; TCS, Infosys up 2% | Trade Nivesh Investment

Markets have turned quite volatile in the early trades. After opening in a flat note and slipping at open, indices are back in the green thanks to smart gains in the PSU and Private banks.
The BSE Sensex was trading at 34,857, up 86 points, while th
e broader Nifty50 index was ruling at 10,711, up 10 points.

Shares of IT companies extended their gains from the previous session as the Nifty IT index rose 1.7% in early trade, led by chart-topping gains in shares of Infosys and Tata Consultancy Services.

Shares of Sun Pharmaceutical Industries rose over 1% as the company said it has settled a US patent infringement case involving its generic version of anti-constipation drug Linzess.

GAIL India's stock was up over 1% as the company and Russia's Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

However, gains were capped by an extended decline in shares of state-owned lenders as the Nifty PSU Bank index, down 0.4%, was the worst performing sectoral index.

Metal stocks also continued to be weak with the Nifty Metal index paring 0.3% in early trade.

Nifty trades below 10,700 mark; Coal India, HPCL down 4% | Trade Nivesh

Benchmark indices were flat in trade due to profit booking post three sessions of gains. Positive cues from other Asian equity markets, however, provided support to the indices.
the BSE Sensex was trading at 34,784, down 64 points, while the broader Nifty50 index was ruling at 10,695, down 47 points.
Shares of information technology companies held onto their early session gains. The Nifty IT Index was up 3.6%, after hitting its near three-year high earlier.
Shares of Trigyn Technologies rose over 10% to their six-month high after the company bagged a multi-year order from African Regional Intellectual Property Organization.
TCS stock gained 3% after the company has introduced digital subscription platform on Microsoft Azure.
Barring IT and Teck, all other BSE sectoral indices were trading in the negative zone. Among them, realty index fell the most by 2.75%, followed by metal 2.24%, PSU 1.8% and power 1.69%. On the other hand, IT index was up 3.34% and Teck 2.55%.
The BSE Mid-cap and BSE Small-cap indices were down 1.51% and 1.86%, respectively.
Volatility index India VIX slipped 1.78%.
Infosys (+4.5%), HCL Tech (+4.4%), Wipro (+4%), TCS (+3.7%) and Tech Mahindra (+2.9%) were the top gainers on Nifty50.
HPCL (-3.5%) Vedanta (-3.1%), Bajaj Finance (-2.5%), Tata Motors (-2.4%) Tata Steel (-2.3%) were the top losers in today’s trade.
Out of 2,014 stocks traded on the NSE, 333 advanced, 1,384 declined and 297 remained unchanged today.
A total of 106 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

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Monday, 15 January 2018

Top stocks in focus today: Federal Bank, BSE, Max Ventures | Trade Nivesh

Max Ventures and Industries' board has approved raising Rs 450cr by way of rights issue.

The Board of IDBI Bank has approved the proposal for preferential issue of capital to government of India up to Rs2,729cr, subject to statutory and regulatory approvals.

IndiGrid says that the Board of Sterlite Investment Managers acting as the investment manager of the trust has approved a distribution per unit of Rs2.89 per unit for third quarter of the fiscal.

Lupin plans to come up with regular product launches every 3-4 months and aims to be present across all the major OTC product categories.

Federal Bank reported a gross non-performing asset ratio of 2.52%, higher than 2.39% registered in the previous quarter. The bank reported a net profit of Rs260cr, above analysts' estimate of Rs240cr.

Tech Mahindra said it has partnered with Israeli firm ContextSpace Solutions to develop the world's first global software privacy ecosystem, MyData Shield.

BSE approves buyback of 15 lakh shares at Rs1100.

SBI to put Rs382cr soured education loans on sale.

Seamec bags contract worth $ 1.26 million from L&T Hydrocarbon for deployment of its vessel.

IMP Powers receives an order for manufacturing turbines from Germany’s Smart Hydro Power GmbH for a period of 20 years.

Zee Music in pact with Amazon Prime to provide music content.

Bharat Bijlee to receive Rs46.79cr from MIDC towards the acquisition of land situated at Navi Mumbai.

Friday, 12 January 2018

Nifty ends on a record high after witnessing a volatile trading session

Markets witnessed a whipsaw movement as 4 Supreme Court Judges criticised court functioning in an unprecedented press meet.

Oil & Gas stocks were the flavors of the day with ONGC and Reliance gaining ~1% each.

Benchmark indices outperformed the broader markets and closed on record highs.

Market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Tracking the Nifty options, in of the money call option strikes saw large unwinding of short positions as the index inched higher.

Nifty 10600CE saw an unwinding of 3.6 lakh shares in open interest, indicating a positive bias for the index going forward.

10700PE added ~10 lakh shares in open interest consisting of mainly short positions.

India Vix ended the day at 13.73 down 2%.


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Thursday, 11 January 2018

Tata Chemicals completes sale of urea and customized fertilisers business to Yara Fertilisers | Trade Nivesh

Tata Chemicals Ltd (TCL) has completed the sale of urea and customized fertilisers business (Divestment Business) to Yara Fertilisers India Pvt Ltd. The company has received requisite regulatory approvals, after fulfillment of conditions precedent and sanctioned by the National Company Law Tribunal (NCLT).
Accordingly, the Certified Copy of the Order of NCLT sanctioning the Scheme has been flled electronically with the Registrar of Companies, Ministry of Corporate Affairs, on January 12, 2018. Thus, the Scheme has become effective from January 12, 2018 and the Divestment Business of the company pursuant to the Scheme stands transferred to Yara.
Tata Chemicals has received the consideration of Rs2,682cr (subject to post completion working capital adjustments) from Yara on January 12, 2018.
The divestment strategy from fertilizers business would help TCL to reduce its debt and deleverage its financials. Over the longer term, the management has identified growth areas such as specialty chemicals, consumer products as well as inorganic chemicals. Over FY17-19E, we expect EBITDA and PAT margins to expand by 240bps and 150bps respectively.

Tata Chemicals Ltd is currently trading at Rs775.05, up by Rs4.15 or 0.54% from its previous closing of Rs770.9 on the B

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Nifty hits all-time high | Trade Nivesh

Benchmark indices are open at record high on Friday ahead of Infosys earnings later today. The markets opened at fresh high on earnings optimism.
The BSE Sensex was trading at 34,606, up 102 points, while the broader Nifty50 was ruling at 10,688, up 37 points.
About 1,059 shares advanced against 272 declining shares on the BSE.
TCS stock trading lower on the NSE. Infosys stock gained 0.5% ahead of Q3 earnings later today.

The mid-cap and small-cap shares were broadly outperforming the benchmarks as the BSE Mid-
Cap Index rose 0.37% and the BSE Small Cap Index advanced 0.6%.

Nifty closed above immediate resistance level of 10650 mark

Markets continue to remain resilient as benchmark index witnessed sharp recover in the trade today. Nifty Realty index continued its dream run, closing 2% higher, backed by the strong rallies in Godrej Prop, Oberoi Realty and IB Realty.

Capital First and IDFC Bank rallied on account of a speculation of a merger. Market breadth ended in favor of advances with Advance decline ratio closing at 1:1x.

Nifty and Bank Nifty Index futures added fresh open interest to the tune of ~5.04/1.88 lakh shares, indicating a buildup of long positions.

Tracking the Nifty options, out of the money call option strikes saw large unwinding of short positions as the index inched higher.

Nifty 10700CE saw an unwinding of 3.98 lakh shares in open interest, indicating a positive bias for the index going forward. 10600PE added ~13 lakh shares in open interest consisting of mainly short positions. India Vix ended the day at 14.01 down 0.2%.

Wednesday, 10 January 2018

Sensex, Nifty flat; Jindal Steel stock down 2% | Trade Nivesh Investment

Domestic benchmark indices opened flat today taking cues from weak Asian equity markets and US equities overnight. Nifty IT, Nifty Auto and Nifty FMCG were the only sectoral indices trading in green.
 the BSE Sensex was trading at 34,414, down 19 points, while the broader Nifty50 was ruling at 10,619, down 13 points.
Jindal Steel and Power fell 2% after CBI pressed bribery charge against Naveen Jindal for irregularities in the allocation of a Jharkhand coal block.
Maruti Suzuki India was up 0.16% at Rs 9,398.85 after the company announced a price increase ranging from Rs 1,700 to Rs 17,000 (ex-showroom- Delhi) across models with effect from 10 January 2018, owing to increase in commodity and other administrative & distribution costs.
Jai Corp stock surged after RIL through its personal investment firms is in talks with the company to buy its 24% stake in Navi Mumbai Special Economic Zone, as per media reports.
Shares of Tata Consultancy Services traded 0.3% lower ahead of the company's Oct-Dec earnings.
Shares of Infosys rose 1% on reports that the company plans to induct more members on board.
Welspun Enterprises gained 2% to Rs192.40 after the company entered into a concession pact with Madhya Pradesh government for Dewas water supply project.
The BSE Mid-cap and BSE Small-cap indices were up 0.07% and 0.26%, respectively.
Volatility index India VIX gained 0.97
%.
Indiabulls HF (+2.1%), Tech Mahindra (+1.4%), Infosys (+0.93%), Tata Motors (+0.52%) and ONGC (+0.43%) were the top gainers on Nifty50.
Cipla (-1.5%), Wipro (-1.4%), HPCL (-1.2%), Coal India (-1%) and Bajaj Fin (-0.89%) were the top losers in today’s trade.
Out of 2,001 stocks traded on the NSE, 802 advanced, 788 declined and 411 remained unchanged today.

A total of 69 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE

Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month.
Sentiment was subdued as broader Asian shares stepped back from their 2007 high, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.47 percent after six straight days of gains through Tuesday.
Finance Minister Arun Jaitley is expected to present the budget for the 2018/19 financial year on Feb. 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.
Key corporate earnings will kick off this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday.

Tuesday, 9 January 2018

Top stocks in focus today: Infosys, Electrosteel Steels, Apollo Micro Systems


Telecom stocks in focus today as Telecom Commission has decided to relax spectrum holding caps, giving a boost to M&As and spectrum sale, as carriers try to sell assets, including airwaves, to repay debt.
Infosys announced the successful conclusion of an advance pricing agreement with the US Internal Revenue Services (IRS). Under the APA, the company and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company's US operations.
The board of Power Grid Corporation of India has accorded investment approval for 'Transmission System for Ultra Mega Solar Power Park at Tumkur (Pavagada), Karnataka Phase II Part C' at an estimated cost of Rs92cr with commissioning a schedule of 20 months from the date of investment approval.
Electrosteel Steels received resolution plans from Tata Steel, Vedanta, Edelweiss ARC and Renaissance Steel.
Apollo Micro Systems IPO opens today. The company has fixed a price band of Rs 270-275 per share for its offering.
Institutional investors put in bids worth Rs 976 cr on Tuesday for buying government's part stake in NMDC.
Whirlpool to lift fridge output capacity with Rs 182 cr outlay.
Coal India hikes prices, power producers see rise in tariffs.
RInfra moves MERC for sale approval of Mumbai power business to Adani Transmission.
Motherson Sumi forms JV with Oasis, to invest $14 million.
IL&FS Technologies bags Rs 200 cr surveillance project contract.
ALPS Industries has sold the entire stake in its subsidiary, Snowflakes Meditate, for Rs 61 mn to Radix Investment and Leasing.
Apollo Tyres will invest around Rs1,800cr on a new plant in Andhra Pradesh, the company's seventh facili
ty globally, to cater to the rising demand for passenger vehicle tyres.....Read More Information :www.tradenivesh.com

Markets take a breather after 3 days of buying spree

Markets remained in a narrow range throughout the day and ended on a flat note. Coal India, Yes Bank and Wipro were among the top gainers in the trade while Eicher Motors, Bajaj Auto were among the laggards.

Mid-cap index snapped its 4-day winning streak as market breadth ended in favor of declines with Advance decline ratio closing at 2:3x.

Nifty Index futures and Bank Nifty Index added fresh open interest to the tune of ~17.8 lakh/ 89K shares respectively, indicating a build-up of fresh long positions.

Tracking the Nifty options, 10500PE has ~69 lakh shares in total open interest, consisting of mainly short position, indicating a formation of the fresh floor for the index in January F&O expiry.

Bank Nifty weekly expiry contracts also witnessed put writing as the index inched higher.

India Vix ended the day at 13.84 up 0.8%....



   
Nifty: +13  points @ 10637
Bank Nifty:  +28 points @ 25704
Top 2 F&O Gainer: Coal India and PC JEWELLER
Top 2 F&O Loser: JPASSO and RCOM
Most Active Index Option Contract:  
Call Option:  10700CE, O.I: + ~3.03  lakh shares
Put Option: 10600PE, O.I: + ~10.97 lakh shares
Nifty Max O.I Strikes: 11000CE, 10400PE
Bank Nifty Max O.I Strikes: 26000CE, 25000PE (11th Jan 2018 Expiry)
   






Monday, 8 January 2018

Tata Motors stock gains after rise in JLR Dec retail sales

Shares of Tata Motors rose over 1% after retail sales of subsidiary Jaguar Land Rover in December rose 0.6% on year to 55,697 units.
Land Rover sales were up 4.1% on year at 40,618 units in December, led by introduction of the Range Rover Velar and the ramp up of Discovery.
Jaguar sales fell 7.8% on year to 15,079 vehicles in December, as strong sales of the long-wheel base Jaguar XFL in China and the introduction of the E-PACE were more than offset by softer sales of XE and XJ.
The stock is currently trading at Rs438.6, up by Rs 4.9 or 1.13% from its previous closing of Rs 433.7 on the BSE. The scrip opened at Rs434.75 and has touched a high and low of Rs443.55 and Rs433.35, respectively.
TML, on the consolidated level, derives ~80% of its revenue from wholly owned subsidiary, JLR, which had witnessed EBITDA margin decline in FY16 and FY17 on account of weakness in volumes growth, model mix and forex losses. Standalone business (~80% CV and PV) has experienced market share losses and is expected to turnaround the trend on account of better acceptance of SCR technology (CV) and series of new launches in PV segment (Tigor/Hexa/Tiago).

 
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Sun Pharma raises stake in Ranbaxy Malaysia to 85.9%

Sun Pharma, through its filing on BSE, has informed that it has increased shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, through its wholly owned subsidiary to 85.9% from 79.55%.

Ranbaxy Malaysia Sdn Bhd is a subsidiary of the company, and the total shareholding of Sun Pharmaceutical Industries Ltd, along with its wholly owned subsidiary Sun Pharma (Netherlands) BV was 79.55%, prior to this purchase of shares. It is involved in the business of manufacturing and selling of pharmaceutical products in Malaysia and the Republic of Singapore.

Sun Pharma (Netherlands) BV, by way of further purchase of 508,313 shares of face value of MYR1.00 each of Ranbaxy Malaysia Sdn Bhd, has increased total stake to 85.9%. The total consideration for additional stake is ~MYR2.18mn.

The reported turnover of Ranbaxy Malaysia Sdn Bhd for FY15, FY16 and FY17 are MYR67.86mn, MYR77.82mn and MYR95.32mn respectively. The company has a dosage manufacturing unit in Malaysia, which serves requirement and demand arising from the regional markets.

Sun Pharma plans to achieve the US$ 300 Million synergy benefits in FY18 from the Ranbaxy integration. These synergies will be driven by a combination of revenue synergies, procurement synergies, manufacturing rationalisation, productivity improvements and other cost-management measures. As a part of the integration process, the Company has been taking steps to rationalise product portfolios and its global manufacturing presence.

The stock closed at a price of Rs592, up by 2.28%, on January 8, 2018.

 
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Sensex rises 200 points; Pharma, IT Index gain

Benchmark indices continued to trade close to record high levels on the back of sustained buying in pharma, banking & financials, IT and oil & gas stocks.
At 3:12 PM, the BSE Sensex was trading at 34,385, up 231 points, while the broader Nifty50 was ruling at 10,628, up 69 points.
Goa Carbon stock hit 5% upper circuit after it reported strong set of numbers in December quarter. The company revenue rose 160% at Rs187cr.
Venus Remedies rose 20% after the company announced that its share issue will open on Tuesday, through a qualified institutional placement.
The BSE Mid-cap and BSE Small-cap indices were up 1.06% and 1.02%, respectively.
Volatility index India VIX rose 4.34%.
Sun Pharma (+2.8%), Lupin (+2.7%), Coal India (+2.4%), Infosys (+2.3%) and Tech Mahindra (+2.2%) were the top gainers on Nifty50.
Bharti Airtel (-4%.1), ONGC (-0.48%), Power Grid (-0.37%), Asian Paints (-0.27%), and SBI (-0.24%) were the top losers in today’s trade.
Out of 2,021 stocks traded on the NSE, 1,087 advanced, 654 declined and 208 remained unchanged today.
A total of 199 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

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Sunday, 7 January 2018

Telecom stocks down 2%; Airtel stock falls 3.5%

Shares of BSE Telecom Index slipped on reports that Reliance Jio Infocomm, a subsidiary of Reliance Industries, would cut tariffs by Rs50 on all monthly schemes and enhance data limit on select schemes.
Reliance Jio's plans for Rs199, Rs399, Rs459 and Rs499 will cost Rs50 less, effective Tuesday.
Bharti Airtel is currently trading at Rs520.55, down by Rs19.45 or 3.6% from its previous closing of Rs540 on the BSE. The scrip opened at Rs535 and has touched a high and low of Rs535 and Rs518, respectively.
Idea Cellular Ltd is currently trading at Rs109.15, down by Rs6.5 or 5.62% from its previous closing of Rs115.65 on the BSE. The scrip opened at Rs115.65 and has touched a high and low of Rs115.65 and Rs108.45, respectively.
Reliance Communications Ltd is currently trading at Rs33.75, down by Rs0.3 or 0.88% from its previous closing of Rs34.05 on the BSE. The scrip opened at Rs34.5 and has touched a high and low of Rs34.8 and Rs33.1, respectively.


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Top stocks in focus today: Tata Motors, Sun Pharma, Sobha, Venus Remedies

Tata Motors' total JLR UK sales down 17.3% at 6,195 units vs. 7,487 units (YoY).

The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February, as per media reports.

NBCC has received contract from Ecotourism Development Corporation of Uttarakhand, Dehradun for construction of Kotdwar-Ramnagar Kandi Road amounting Rs2,000cr.

Sagar Cements' December sales up 65% at 2,54,348 million tonnes vs. 1,54,195 million tonnes on yoy basis.

Sobha’s Q3FY18 new sales volumes at 9,33,365 square feet valued at Rs751cr.

Force Motors' December domestic sales at 1,900 units.

Den Networks has entered into an agreement with cable TV distribution company VBS Digital Distribution Network (VBS) for acquiring 51% stake in VBS for Rs2.6cr.

Visa Steel is in discussion with SBI for settlement after the SBI filed an application with National Company Law Tribunal Kolkata to initiate corporate insolvency resolution process for the company under Insolvency & Bankruptcy Code.

Aban Offshore has offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, as per media reports.

Aegis’ LPG unit allots 2.39 lakh shares to Itochu for a total consideration of Rs239.29cr.

Seamec enters into a charter party with GOPL Offshore for charter hire of vessel Seamec III for $2.4

 MORNING OPTION: BUY JUST DIAL 570 CALL ABOVE 32 TG 34, 36, 39 SL 29,

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Monday, 1 January 2018

Stocks of Tata Communications (Reliance Communications) due to profit recovery

Reliance Communications has seen a decline in its share price after four consecutive days of strong growth.
After climbing more than 100% in the last four sessions, the pressure of profits in Reliance Communications today can be clearly seen. Reliance Communications shares in BSE are trading at Rs 37.45 with strength of Rs 36.22 against the previous closed level of Rs. But due to the sharp decline, it collapsed to the lower level of Rs. 33.60. However, after that it has made a slight comeback. At around 1200, the shares of the company are trading at a price of Rs. 35.50 with a weakness of 0.77 rupees or 2.13%. 

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       BUY RELIANCE INFRA LTD ABOVE 563 TG 566, 569, 573 SL 559

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