Nifty Outlook:
After
closing flat for 2016, 2017 started with a bang with Nifty and Sensex
hitting fresh 52 week highs in April. Since then it has been a one-way
rally on D-Street amid a brief period of consolidation. Both global as
well as domestic factors contributed to the euphoria on D-Street. Indian
markets might be trading at a valuation, which most analysts’ would not
call ‘cheap’ but the long term story still remains intact and investors
should look at buying quality stocks on dips.
Bank Nifty Outlook:
Massive
correction is waiting by... stock price could be half within one or two
week of correction... so exit on every opportunity..... Kotak flags
disconnect between slow growth & market rally; bullish on HDFC Bank,
M&M We might see positive opening but correction could come in
second half session... there is big negative build up coming due to
global uncertainty so be cautious and keep booking profit ... this
correction could lead into the may session also... so be watchful..
Nifty Trends
|
| R1 | 9410 |
| R2 | 9475 |
| S1 | 9320 |
| S2 | 9280 |
|
|
Technical Outlook:
Top Gainers
|
| M&M | 1,355.00 |
| ITC | 291.10 |
| HINDALCO | 197.55 |
| HINDUNILVR | 942.25 |
| HDFC | 1,576.15 |
Top Losers
|
| TECHM | 425.45 |
| INFRATEL | 365.35 |
| ADANIPORTS | 322.65 |
| HCLTECH | 801.00 |
| INFY | 914.15 |
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