Wednesday, May 31, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex, Nifty flat in opening; M&M top gainer, Infosys drags

Equity benchmarks were mixed in opening trade, with the Nifty holding 9,600 level amid consolidation, ahead of GDP data for the March quarter and FY17.

The 30-share BSE Sensex was down 9.32 points at 31,150.08 and the 50-share NSE Nifty fell 0.95 points to 9,623.60.

Mahindra & Mahindra was top gainer in early trade, up 3 percent; followed by Lupin, Bharti Airtel, GAIL, ICICI Bank, IOC and Hindalco.

Infosys, ITC, TCS, NTPC, ONGC and Aurobindo Pharma were early losers.

The Indian rupee rebounded to 64.55 against the US dollar after correction in previous session. It gained 11 paise compared with previous day's closing of 64.66 a dollar

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WORLD MARKET UPDATE BY ABR VENTURE

ABR WORLD MARKET UPDATE:

NASDAQ-6203.19,,-7.00

DOWJONES-21045,-15.00

HANGSENG-25688.59,-28.42

NIKKEI-19646.58,-31.27

SGXNIFTY-9615,-15.00

USDINR-64.63

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BANK NIFTY SUPPORT & RESISTANCE LEVEL FOR TODAY

BANK NIFTY TREND:BULLISH

BANK NIFTY LEVELS

R1:23332.32

R2:23414.63

S1:23109.12

S2:22968.23

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NIFTY SUPPORT & RESISTANCE LEVEL FOR 31-MAY-2017

ABR NIFTY TREND:BULLISH

NIFTY LEVELS


R1:9638.13


R2:9661.22


S1:9587.18


S2:9559.32


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Tuesday, May 30, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex opens lower, Nifty hovers around 9600; L&T gains 3%, BHEL loses 6%

Equity benchmarks started off Tuesday's trade on negative note due to profit booking after rising for three consecutive sessions.

The 30-share BSE Sensex was down 8.56 points at 31,100.72 and the 50-share NSE Nifty fell 9.50 points to 9,595.40.

L&T, M&M, NTPC, GAIL, Tata Motors, Aurobindo Pharma, Tech Mahindra, IOC and Adani Ports were early gainers while BHEL, Coal India, TCS, SBI, Bharti Airtel, BPCL, Power Grid and Vedanta were losers.

The rupee opened at 64.63 to the dollar, down 0.2 percent from its previous close. On Monday, the rupee closed marginally weaker against the dollar at 64.50.

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WORLD MARKET UPDATE BY ABR VENTURE

ABR WORLD MARKET UPDATE: 

NASDAQ-6210.19,+4.93

DOWJONES-21060,+25.00

HANGSENG-25701.63,+62.36

NIKKEI-19576.19,-106.38

SGXNIFTY-9586,-31.00

USDINR-64.55

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BANK NIFTY SUPPORT & RESISTANCE LEVEL FOR TODAY

BANK NIFTY TREND: BULLISH

BANK NIFTY LEVELS

R1:23306.63

R2:23482.32

S1:23028.63

S2:22926.32

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NIFTY SUPPORT & RESISTANCE LEVEL FOR 20-MAY-2017

ABR NIFTY TREND: BULLISH

NIFTY LEVELS


R1:9651.45


R2:9693.80


S1:9555.15


S2:9501.20


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Friday, May 26, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex, Nifty extend gains, midcaps continue to soar; Asian Paints up 2%

Benchmark indices extended their gains from the opening tick, with the Nifty firmly placed above 9500.

The Sensex was up 131.00 points at 30881.03, while the Nifty rose 30.30 points at 9540.05. The market breadth was healthy as 1,496 shares have advanced against a decline of 506 shares, while 84 shares were unchanged.

Midcaps witnessed a surge post flat opening, with the Nifty midcap index gaining over a percent in the first hour of trade. Metals too saw a comeback post its corrective phase, rising over 2 percent.
TataSteel and Asian Paints were the top gainers on both indices, while Cipla, TCS and IOC lost the most.

The Indian rupee opened with marginal gain of 5 paise at 64.56 per dollar on Friday versus previous close 64.61.

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Friday, May 19, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex opens 150 pts higher, Nifty around 9500; ITC up 5%

Benchmark indices witnessed a gap-up opening on Friday, following the negative previous session, as the Street cheered the rates for the new goods and services tax (GST).

The Sensex was up 152.79 points at 30587.58, while the Nifty was up 40.40 points at 9469.85. The market breadth was healthy as 642 shares advanced against decline of 154 shares, while 37 shares were unchanged.

ITC was the biggest gainer, soaring 5 percent, as the GST rates sprung no surprises to the Street. This was followed by Hindustan Unilever (HUL), Bank of Baroda. Meanwhile, Asian Paints and Infosys witnessed some profit booking after Thursday’s rally and lost the most.

The Indian rupee gained in the early trade on Friday. It has opened higher by 6 paise at 64.78 per dollar versus previous close 64.84.

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WORLD MARKET UPDATE BY ABR VENTURE

ABR WORLD MARKET UPDATE:

NASDAQ-6055.13,+43.89

DOWJONES-20592.50,-285.00

HANGSENG-25196.98,+60.46

NIKKEI-19533,-20.86

SGXNIFTY-9461,+27.00

USDINR 64.34

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BANK NIFTY SUPPORT & RESISTANCE LEVEL FOR TODAY

BANK NIFTY TREND: BULLISH

BANK NIFTY LEVELS


R1:22784.82


R2:22893.18


S1:22622.27


S2:22568.08


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NIFTY SUPPORT & RESISTANCE LEVEL FOR 19-MAY-2017

ABR NIFTY TREND: BULLISH

NIFTY LEVELS


R1:9481.57


R2:9527.13


S1:9411.87


S2:9387.73


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Thursday, May 18, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex, Nifty open lower on global selloff; midcaps, pharma stocks fall

Tracking weak global cues on the back of a selloff, the market on Thursday opened on a negative note.

The Sensex was down 133.62 points at 30525.15, while the Nifty fell 48.15 points at 9477.60. The market breadth was negative as 193 shares advanced against a decline of 734 shares, while 37 shares were unchanged.

Hero MotoCorp, Dr Reddy’s, Hindalco and Adani Ports were the top losers on both indices, while Wipro, TCS and HDFC gained the most.

All major indices on the Nifty—midcaps, IT, pharma, auto and energy, others—were trading lower, driving the consolidation.


The Indian rupee opened lower by 19 at 64.34 per dollar on Thursday versus previous close 64.15.

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WORLD MARKET UPDATE BY ABR VENTURE

ABR WORLD MARKET UPDATE:

NASDAQ-6011.24,-158.63

DOWJONES-20877.50,-87.50

HANGSENG-25205.57,-88.06

NIKKEI-19529.70,-285.58

SGXNIFTY-9475,-59.00

USDINR 64.02

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0731-6507888

BANK NIFTY SUPPORT & RESISTANCE LEVEL FOR TODAY

BANK NIFTY TREND: BULLISH

BANK NIFTY LEVELS

R1:22966.97

R2:23015.43

S1:22863.02

S2:22807.53

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NIFTY SUPPORT & RESISTANCE LEVEL FOR 18-MAY-2017

ABR NIFTY TREND: BULLISH

NIFTY LEVELS


R1:9550.63


R2:9566.27


S1:9506.48


S2:9477.97


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0731-6507888

Wednesday, May 17, 2017

Today's Stock Market Recommendation & News Update

Market Live: Sensex opens lower, Nifty snaps 9500 on profit booking; Tata Steel up 3% post Q4

Profit booking after a stellar run on Tuesday pushed the indices lower in the opening session, with the Nifty snapping 9500-mark.

The 30-share Sensex was down 46.43 points at 30536.17, while the broader index Nifty was down 20.15 points at 9492.10. The market breadth was narrow as 436 shares advanced against a decline of 357 shares, while 62 shares were unchanged.

Midcaps, banks, auto and pharma indices on the Nifty were lower, while metals surged.
Tata Steel gained over 3 percent on the back of strong Q4 earnings, while TCS and ICICI Bank were the other top gainers. Meanwhile, ITC, Bharti Airtel, Zee Entertainment and Bosch lost the most.

The Indian rupee opened higher by 9 paise at 63.99 per dollar on Wednesday, at highest level since April 27, 2017. It has closed at 64.08 on Tuesday.

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WORLD MARKET UPDATE BY ABR VENTURE

ABR WORLD MARKET UPDATE:

NASDAQ-6169.87,+20.20

DOWJONES-20965,+40.00

HANGSENG-25251.06,-84.88

NIKKEI-19822.19,-97.63

SGXNIFTY-9506,-10.50

USDINR 64.07

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0731-6507888