Nifty breached the resistance after four trading session of
ping pong. Index has closed above the resistance level of
10,400 levels. Now previous resistance will act as an initial
support level. Index above 10,450 will continue with its bullish momentum and move towards 10,500 levels.
1. 1
Overcoming a sluggish start, Indian stock markets
finished strong today, with gains of more than 1%.
the investor sentiment supported was supported by a
survey showed that domestic manufacturing activity
contracted at a slower pace in June. Nifty ended
higher by 127 points or 1.24% at 10,430 level and
Sensex ended higher by 498 points or 1.43% at
35,414.
2nd July 2020
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TRADERS COMMENT
STOCKS TRADING IN POSITIVE ZONE: AXISBANK, BAJAJ FINSERV.
STOCKS TRADING IN NEGATIVE ZONE: M&M, NTPC.
Nifty breached the resistance after four trading session of
ping pong. Index has closed above the resistance level of
10,400 levels. Now previous resistance will act as an initial
support level. Index above 10,450 will continue with its bull-
ish momentum and move towards 10,500 levels.
-6.8% -3.4% 0.0% 3.4% 6.8%
Idea
M&M
NTPC
Cipla
L&T
Bharti Infratel
Bosch
ONGC
Sun Pharma
Lupin
Axis Bank
Bank Of Baroda
HDFC
ITC
Indusind Bank
ICICI Bank
SBI
Tata Power
Tata Motors
Tata Motors DVR
-2.8% -1.4% 0.0% 1.4% 2.8%
BSE Capital Goods Index
BSE Power Index
BSE Healthcare Index
BSE Realty Index
BSE Cons. Durable Index
BSE Bankex
BSE Oil & Gas Index
BSE FMCG Index
BSE Metal Index
NIFTY MOVERS & SHAKERS
TOP 5 SECTOR MOVERS
76
146
217
288
359
2020-07-01T03:45:00Z2020-05-19T03:45:00Z2020-03-31T03:45:00Z2020-02-14T03:45:00Z2020-01-06T03:45:00Z
52 WEEKS ENTERTAINMENT LTD.
MA20 MA50 Bollinger Band
0
25
50
75
100
Stochastics-Fast %K Stochastics-Fast %D RSI
-1046
2020-07-
01T03:45:00Z
2020-06-
10T03:45:00Z
2020-05-
19T03:45:00Z
2020-04-
27T03:45:00Z
2020-03-
31T03:45:00Z
2020-03-
09T03:45:00Z
2020-02-
14T03:45:00Z
2020-01-
27T03:45:00Z
2020-01-
06T03:45:00Z
0-Jan-00
MA20 MA50 Bollinger Band
0
25
50
75
100
Stochastics-Fast %K Stochastics-Fast %D RSI
The stock is trading below to its prior
low and below to its 20 ema support.
We recommend sell only below
Rs349 with the stoploss of Rs355 for
the target of Rs332.
Chart of the Day
CADHILAC FUT
Sell below Rs 349.
Chart of the Day
Technical Call of the Day
Sell:CADHILAC FUT
Buy:RITES
CMP:349.45
CMP:257.80
We recommend a Buy in the stock only above Rs258 with the stoploss of
Rs252 for the target of Rs270.
Technical call of the Day
RITES
Buy above Rs 258.
NIFTY TO TRADE BETWEEN 10,380-10,500.
2. 22
DAILY DIGEST
India's fuel sales in June reached 88 percent of the pre-COVID-19 levels as easing of lockdown restrictions is reviving economic
activities, the government said on Wednesday. "The sales of petroleum products in India, the world's third-biggest oil consuming
nation, had in April fallen to the lowest since 2007, due to the nationwide lockdown, necessitated to prevent the spread of COVID-19
pandemic," an official statement said. Demand, however, began to revive in May and in June reached 88 percent of pre-COVID levels,
it said. "India's overall petroleum products consumption, which had nosedived in last week of March and April this year, is now
steadily getting to its pre-lockdown levels in June, as emanating from the PSUs' (IOC, BPCL, and HPCL) sales figures," it said.
Oil Minister Dharmendra Pradhan said on July 1 that India plans to gradually introduce pricing and marketing freedom for natural gas
as well as rationalise pipeline tariffs to help push for a greater share of the environment-friendly fuel in the energy basket. While he
did not spell out the roadmap for freeing gas prices, Pradhan said the current practice of fixing zonal tariffs of a gas pipeline, which
typically rises as the gas travels from source to consumption centres, will be replaced by uniform rates. "With a view to further
facilitate a conducive business environment for competitive gas markets, efforts are underway to rationalise gas pipeline tariff
structure for improving the affordability of gas across the country and for attracting investments into the gas infrastructure," an official
statement quoted him as saying at International Energy Agency's (IEA) webinar on 'Building a Natural Gas Based Economy in India'.
The present zonal tariff structure, he said, results in additive tariffs for usage of multiple pipelines to transport natural gas from distant
gas supply sources.
Economic Snapshot
ttm = trailing twelve months
Tata Motors: Sales in Q1FY21 at 25,047 vehicles as against 1,37,545 vehicles during Q1FY20.
CMP: 48.2
P/E(ttm): 3.7
Impact Negative
CMP: 153.8
P/E(ttm): 7.5
Impact Positive
CMP: 87.5
P/E(ttm): 2.4
Impact Positive
CMP: 100.8
P/E(ttm): 7.7
Impact Negative
CMP: 81.0
P/E(ttm): 18.0
Impact Negative
Ashok Leyland: Sales in June stood at 2,394 vehicles against 12,810 vehicles in June 2019.
Jindal Steel & Power: Mauritius subsidiary accepted a binding offer from Templar Investments and will divest its en-
tire stake by way of sale of shares in step-down material subsidiary Jindal Shadeed Iron and Steel, Oman.
NMDC: Production in June remained unchanged at 5.04 MT, sales at 4.96 MT versus 5.32 MT YoY.
Eveready Industries: Q4 profit at Rs 63.06 crore versus Rs 4.54 crore, revenue at Rs 224 crore versus Rs 331.64 crore
YoY
6. 66
DAILY DIGEST
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