Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The S&P BSE Sensex rallied over 200 points in morning trade to hit a fresh record high of 30,197.66 after media reports suggested that India could be looking at higher monsoon rains than forecast. Monsoon remains a key risk for Indian market because it delivers about 70 percent of India's annual rainfall, critical for crops such as rice, cane, corn, cotton and soybeans. Bank Nifty Outlook:   The public sector bank is expected to ride the economic upswing with sufficient growth capital and strong retail focus. The sale of non-core assets (NSE stake) and a stake in Life & General insurance subsidiaries will remain book accretive. HDFC Securities expects strong 23 percent revenues and robust earnings CAGR over FY16-19E. Based upon 19x FY19E EV/EBITDA we have arrived at a target price of Rs348. Nifty Trends    R1 9470 R2 9535 S1 9370 S2 9280 Technical Outlook Top Gainers EICHERMOT 29,500.00 ZEEL 541.00 HEROMOTOCO 3,468.95 HINDALCO 193.45 BAJAJ-AUTO 2,993.70 Top Losers BHARTIARTL 363.90 ONGC 183.85 GAIL 408.70 AXISBANK 515.40 IOC 432.85 To Get Free Trial Missed call @8817002233  Mail Us - starindiamarket@gmail.com visit - http://www.starindiaresearch.com/freetrail.php