Nifty can gain 30 points at opening

Nifty can gain 30 points at opening

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 30 points at the opening bell, says Maximus Securities.

Maximus Securities’ Daily Report:

 

F&O Outlook:

Nifty PCR-OI has increased to 1.36 from 1.13. The rise in the ratio may be due to increase in PE of 9200 and decrease in CE of 9200. PE of 9100 and CE of 9200 are the highest number of contracts traded.

 

Opening for the Day:

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 30 points at the opening bell.

 

https://www.marketmagnify.com/freetrial.php or give a Missed call @7879881122.

HDFC Bank defies a challenging environment

HDFC-Bank_15HDFC Bank’s core income growth as well as loan book expansion rivals that of fast-growing small banks, with net interest income growing 20.29% on the back of a loan book growth of 19.4%. Photo: Pradeep Gaur/Mint.

 

HDFC Bank Ltd hit all the right notes with investors as it reported a bounce back in its profit growth, stable asset quality and expansion in net interest margin for the fourth quarter of 2016-17.

 

Visit https://www.marketmagnify.com/freetrial.php or give just a Missed call @7879881122.

 

India’s most valuable private sector lender reported a net profit of Rs3,990.1 crore for the March quarter, an 18.3% increase from the previous year, compared with the tepid 15% rise in the December quarter. The fact that most of its metrics have rebounded from their dip in the December quarter shows that it has left the effects of demonetization firmly behind.

AGJ1mcr6I0mzSilver futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued physical demand amid firmer greenback.
At the MCX, silver futures for May 2017 contract is trading at Rs 41394 per kg, down by 0.27 per cent, after opening at Rs 41440, against a previous close of Rs 41505. It touched the intra-day low of Rs 41319.

Technically market is under fresh selling as market has witnessed gain in open interest by 2.68% to settled at 12019 while prices down -393 rupees, now Silver is getting support at 41145 and below same could see a test of 40785 level, And resistance is now likely to be seen at 41920, a move above could see prices testing 42335.

                         Trading Ideas

*Silver trading range for the day is 40785-42335.

*Silver prices edged lower amid fading demand despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea.

*The Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15.

1 2 3 4 6