Dalal Street week ahead: Expect Nifty50 to consolidate without much downside

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,

The domestic equity market had a better-than-expected week. Despite a bout of consolidation in the initial days, the benchmark Nifty50 ended the week on a buoyant note, putting on net gains of 184 points or 2.02 per cent on a weekly basis. 

On the expected lines, select outperformance was seen from Midcap and banks, and some consolidation was seen on the auto counter. In the coming week, the picture will get clearer. 
There are signs of consolidation on the daily charts and virtually no sign of any reversal in the primary uptrend was seen on the daily or weekly charts. This translates into buoyant outlook for the coming week. 

We can expect fierce consolidation with some volatility given the overbought nature of the market, but no significant downside is expected. 
The 9,360 and 9,450 levels will act as resistance in the coming week while supports will come in at 9,220 and 9,150 levels. 

The weekly RSI stood at 70.0947 and it was a bullish signal as it marked a fresh 14-period high, though it is mildly overbought. The weekly MACD continued to remain bullish as it traded above its signal line. 


However, all corrective actions should be utilised to make fresh purchases. The 45% wider-than-normal bands may not allow a runaway rise in the Nifty50, but the inherent structure of the market remains buoyant. 


A study of Relative Rotation Graphs or RRG showed that PSU banks and Bank Nifty are expected to further improve the relative outperformance again the Nifty 50. Auto and energy universe is also expected to outperform, while pharma is likely to continue to lag and metals and IT stocks are expected to remain weak. Financial services and midcap universe will see pockets of outperformance, while Infrastructure and FMCG counters may consolidate more. 


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 28 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,

CS NIFTY FUTURES (MAY) OVERVIEW
TREND BULLISH
RES2:9425
RES 1:9385
SUP1:9295
SUP2:9225

CS BANK NIFTY FUTURES (MAY ) OVERVIEW
TREND BULLISH
RES 2: 22425
RES 1:22335
SUP1: 22155
SUP2: 22025


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 26 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,

CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9345
RES 1:9305
SUP1:9242
SUP2:9205

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES 2: 22175
RES 1:22025
SUP1: 21865
SUP2:21775


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 24 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,
CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9225
RES 1:9175
SUP1:9075
SUP2:9025

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES 2: 21775
RES 1:21675
SUP1: 21355
SUP2:21275


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HDFC Bank's Q4 net profit up 18%

HDFC Bank on Friday reported a rise of 18.25 per cent in net profit for the fourth quarter (Q4) of 2016-17. 

The company's net profit rose to Rs 3,990.09 crore from Rs 3,374.22 crore reported in the fourth quarter of 2015-16. 

The total income of the bank rose 14.30 per cent to Rs 21,560.66 crore during in January-March 2017 from Rs 18,862.61 in the corresponding period last year. 


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 20 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,
CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9225
RES 1:9185
SUP1:9095
SUP2:9052

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES 2: 21955
RES 1:21825
SUP1: 21525
SUP2:21375


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 18 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,
CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9225
RES 1:9185
SUP1:9140
SUP2:9105

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES 2: 21955
RES 1:21825
SUP1: 21475
SUP2:21275


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 17 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,

CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9325
RES 1:9275
SUP1:9170
SUP2:9125

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES 2: 21955
RES 1:21825
SUP1: 21475
SUP2:21325

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SME IPOs raises Rs 811 crore in FY17

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Huge fund-raising can be attributed to reforms and initiatives taken by govt to encourage SME sector Small and medium enterprises (SMEs) raised a staggering Rs 811 crore through initial public offerings in 2016-17, more than two-fold jump from the preceding fiscal.
Funds raised through the issue were used for business expansion plans, working capital requirements and other general corporate purposes.

A total of 80 companies got listed with initial public offers (IPOs) worth Rs 811 crore in the last fiscal as compared to 46 firms which tapped the IPO route to garner Rs 304 crore in 2015-16.

In 2014-15, 37 firms made debut on the SME platform and raised Rs 271 crore. These companies are listed on the small and medium enterprise platforms of BSE and NSE.


Geographically, Gujarat has proved its dominance in the SME listing by contributing 33 firms on SME bourses which is the maximum, followed by Maharashtra (15), Rajasthan (10), West Bengal (4) and Delhi (3).

Further, average issue size also increased during the past fiscal to Rs 10 crore as compared to Rs 7 crore each for the preceding two financial years.

Besides, institutional investors including banks and mutual funds have started showing interest in the SME's public offers.

Bohra Industries, Momai Apparels, Agro Phos India, Maheswari Logistics and Nandini Creation are some of the companies that received participation from institutional investors.

"Governance structures, improved credit rating, reduced finance cost, easy finances and branding are some of key benefits for listing on the SME platform. Besides valuation has helped listed SMEs to achieve speedy growth in systematic manner at early stage of their respective business life cycle," Lunawat added.

The companies which got listed in the past fiscal are from sectors such as finance; media and entertainment; real estate and infrastructure; manufacturing; agriculture; aquaculture; food and processing; and IT and IT-enabled service.


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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 13 APR 2017

Bank Nifty Futures, Equity Tips, Nifty Futures, Nifty Futures Tips, Nse Bank Nifty,
CS NIFTY FUTURES (APRIL) OVERVIEW
TREND BULLISH
RES2:9325
RES 1:9275
SUP1:9170
SUP2:9125

CS BANK NIFTY FUTURES (APRIL) OVERVIEW
TREND BEARISH
RES 2: 21955
RES 1:21825
SUP1: 21475
SUP2:21325


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