Monday, 2 July 2018

STOCKS TO TRADE FOR 03 JUL 2018


BUY JINDALSTEL FUTURE ABOVE 208 TG 211.50,216.80 SL 202

SELL HEROMOTOCO FUTURE BELOW 3378 TG 3371,3355 SL 3392

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>
The benchmark indices pared most of their day's losses to end slightly lower tracking the global markets, even as rupee recovered and oil prices dropped after Trump tweeted that Saudi Arabia had agreed to lift oil production by “maybe up to 2,000,000 barrels”.
The S&P BSE Sensex ended at 35,264, down 159 points while the broader Nifty50 index settled at 10,657, down 57 points.Among sectoral indices, the Nifty Metal index ended 1.8 per cent lower led by a fall in the shares of Jindal Steel & Power and National Aluminium Company. The Nifty Realty index also ended 1.4 per cent lower as stocks of Indiabulls Real Estate and Housing Development and Infrastructure declined.
Benchmark indices
ended lower with the Sensex falling over  200 points on global correction and weaker rupee.
Stay bullish on IDEA cellular  with target of 75.ARPU pressure continues due to downtrading towards low tariffs and select offerings below headline tariffs too. However, the impact from RJio’s postpaid plans and Jiophone is limited. Merger completion may be delayed by a month to July/August. Vodafone-Idea may not get a direct waiver, though the Bharti-Telenor deal had received Supreme Court clearance for one-time spectrum fee.  There is limited overlapping between both operators’ broadband (3g, 4g) network. This should support coverage expansion for the merged company. FY19E net debt stands at INR1.2
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TOP GAINERS:GMRINFRA,BALAKRISHNAINDUSTRIES,INFOSYS
MAJORLOOSERS: JSWSTEEL,AMBUJA CEMENT,HINDALCO

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