Thursday, 17 May 2018

Market Outlook And Trade Set Up for Thursday Market


Nifty50 closed yesterday with another bearish and volatile session which has given swing of 91 point and  put index down till 10699 but able to mange the closed near 10741.
Its continuously fourth day where nifty shows Indecisiveness to obtain the trend.
Nifty may see more pressure below 10700 and 10650 and 10800 is now working as immediate resistance!
Banknfity also witness pressure and looking for target 26000 and 25920 with resistance at 26380!

Call Put Data Study

In terms of open interest (OI), the 11,000 Call option has seen the most call writing so far and followed by10800 and 10900  added by 5 lakh and 3 lakh contract . Call unwinding seen at 11000 and 11200

Maximum open interest in put options was seen at a strike price of 10,500 following by 10700 and 10600 by adding 44 and 43 lakh contracts in OI.

Foreign institutional investors (FIIs) sold shares worth Rs 699.22 crore, while domestic institutional investors bought shares worth Rs 229.06 crore in the

Stocks in focus

Here are stocks that are in the news today:

Tata Steel Q4:

-Consolidated profit at Rs 14,688 crore versus loss Rs 1,168 crore; revenue at Rs 36,132.30 crore versus Rs 35,304.9 crore (YoY); exceptional gain at Rs 11,376 crore versus loss Rs 4,068.6 crore (YoY)

-Standalone profit at Rs 1,030.9 crore versus Rs 1,415 crore; revenue at Rs 16,281 crore versus Rs 17,113 crore; exceptional loss at Rs 1,607.4 crore versus loss Rs 442 crore (YoY)

-Tata Steel Europe EBIT at Rs 1,154.2 crore versus Rs 1,972.2 crore; revenue at Rs 16,208 crore versus Rs 15,243.5 crore (YoY)

Ester Industries Q4: Net profit at Rs 5.6 crore versus loss of Rs 0.6 crore; revenue at Rs 220 crore versus Rs 215.1 crore (YoY).

JSW Steel Q4: Consolidated net profit at Rs 2,879 crore versus Rs 1,008 crore; revenue up 25 percent at Rs 20,817 crore versus Rs 16,656 crore (YoY).

Praj Industries Q4: Net profit up 30.4 percent at Rs 22.9 crore versus Rs 17.6 crore; revenue down 9.5 percent at Rs 226.7 crore versus Rs 250.4 crore (YoY)

Manali Petrochemical Q4: Net profit at Rs 26.6 crore versus Rs 6.8 crore; revenue up 26 percent at Rs 189.9 crore versus Rs 150.7 crore (YoY)

JK Lakshmi Cement Q4: Net profit up 62.5 percent at Rs 33.8 crore versus Rs 20.8 crore; revenue up 11.2 percent at Rs 897 crore versus Rs 806.7 crore (YoY)

Alembic Pharmaceuticals Q4: Profit up at Rs 93.99 crore versus Rs 92.96 crore; revenue up at Rs 853.3 crore versus Rs 741.35 crore (YoY).

F&O Ban List

stocks such as DHFL, Jet Airways, Jaiprakash Associates, Just Dial, PC Jeweller, Wockhardt and Reliance Communications are in the F&O ban list.


No comments:

Post a Comment