Tuesday, May 22, 2018

BATAINDIA BEARISH; AS PREDICTED ON 18 MAY 2018


BATAINDIA

 ROCKSS ACHIEVED TARGET 738 MADE A LOW OF 736.35

BUYING LEVELS ARE NOT EXECUTED YET
Market summary 22 MAY 2018:  MidCap and SmallCap rose 0.65%. Among the sectoral indices on BSE, auto, metal, realty, healthcare and industrials gained over 1%, while oil and gas, energy, FMCG and utilities declined up to 0.41%. On NSE, Nifty PSU Bank rose 3.65% led by SBI, which was up 4.60%. Dr. Reddy’s Labs, Bajaj Auto, Tata Motors and SBI were top gainers, whereas TCS, Asian Paints, Axis Bank and IndusInd Bank were among the major losers.
The NSE Nifty Auto rose 1.61%. Ashok Leyland up 1.61%, Tata Motors 3.95% up,
Bajaj Auto raise  3.19% and Motherson Sumi raise 2.95%.SBI Q4 loss widens to Rs7,718.17 crore but  still there was rise of 5% in SBIN today. Dr. Reddy’s Labs Q4 profit falls 3% to Rs302 crore but it also witnessed the rise of 5% in today's trading session. Bharat Forge Ltd reported a net profit of Rs100 crore in the quarter ended 31 March compared to a profit of Rs208 crore a year ago. Shares were trading negative  1.47%  at Rs 686 despite of profit according to Q4 results. Just Dial  result were announced yesterday it  rose 6% to Rs431 ,as impact of  it  a profit which was up 53% at (Rs39 crore )and revenue was 10.3% at Rs200.5 crore. DLF shares were trading at the losses of  4% today as Q4 income declines according to results announced yesterday.


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