Daily equity Market By Ripplesadvisory Report 01-Aug-2016


Posted August 1, 2016 by ripplesadvisory

BUY JSWENERGY FUT ABOVE 84 TGT 90 SL 80 BELOW BUY IOC FUT ABOVE 550 TGT 565 SL 540 BELOW

 
MARKET WRAP UP
Indian shares edged down on Friday after hitting one-year
highs in the previous session, as investors booked profit in
banks and financials, while disappointing stimulus measures
from the Bank of Japan weighed on investor sentiment.

The Sensex had gained 232.10 points in the previous two
sessions on more positive signals on GST Bill and improvement
in corporate earnings.

Expectations that the government would be able to pass the
Goods and Services Tax Bill in the current session of Parliament
helped shares of logistics companies gain.

Bank stocks are likel to it ess sellig pressure as their
Quarterly profits will be hit by increasig NPAs,

Epect correction the arketsoer the etfortight ad
the NSE to drop to 8,300-8,350 leels.
From the sources emergence of profit-booking by participants
despite the beginning of August futures and options series,
snapped the two-day winning streak.

Furthermore, a weak trend in Asia and overnight losses in the
US markets, weighed on the domestic sentiment.

MARKET MEASURE

EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 605 819 44 23228.20
CHART ANALYSIS
SCRIP R2 R1 PIVOT S1 S2

NIFTY 50

8817

8754
8711
8648
8605

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Issued By ripplesadvisory.com
Country India
Categories Business
Last Updated August 1, 2016