HOTEL BUSINESS BOOSTS ITC STOCK

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Yesterday ITC closed 0.17% higher at Rs 330.55 after hitting a fresh 52-week high of Rs 333.35. Shares also climbed to a 52-week high of Rs.330.55 on Thursday and later settled at Rs.330 a share. The share also reached a new multi-year high. ITC chairman and chief executive Sanjiv Puri reiterated earlier this week that the cigarette-soap maker is exploring alternative structures for its hotel business as the hospitality industry recovers from the effects of the pandemic.The share also reached a new multi-year high. ITC's shares have regularly hit fresh 52-week highs after the diversified conglomerates recently reiterated that they are exploring an alternative structure for the hotel business.

The hotel segment would pursue the asset right strategy to ensure it remains competitive and continues to excel, and the company is exploring foreign markets for the hospitality segment. In fact, prior to the outbreak of the coronavirus, the company had been talking about exploring alternative structures for its hotel segment.When the pandemic hit, we said we would hold it on hold for now until things normalize, and we reiterated in the annual report and at the investors meeting that we will move it forward in line with the industry's recovery momentum.

NIFTY OUTLOOK FOR NEXT WEEK 12 SEP 22 -16 SEP 22

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US markets have been in bearish mode for the past few weeks and on Wednesday night they rebounded sharply from their overbought condition. Being the outperforming market of late, we were sentimentally looking for a little nudge and a sharp global recovery provided much-needed impetus to start the session with a decent bounce. In fact, a small profit booking around the middle of the session was absorbed with ease. Finally, Nifty ended the weekly decline around the 17800 level by adding one percent to the Bulls Kitty.
This is exactly what we alluded to in our previous comment, that the 17700 fight will end for Nifty when we get support from the global peers. We finally managed to close at the 3-week high, which was the most recent period of consolidation. It is important that this step is supported by the banking area, which has reached its highest level in the current calendar year. This participation is certainly considered a healthy sign for our market. Going forward, we expect Nifty to continue this north move towards 17,900, 18,000 and then past the 18,000 level. On the upside, if there is no global divergence, 17700 17600 should now act as immediate support. Traders are advised to remain bullish and use dips to add new longs.
FIIs were net buyers in the spot market segment of Rs. 2913 crores. At the same time, they bought Rs. 853 crores worth of index futures with a surge in open interest indicating a long formation. Looking at the general F&O data, we observed a long formation in both indices. On the options front, position buildup is seen on put strikes at 17700-17800, suggesting a gradual shift in base. On the contrary, there is a significant OI concentration seen at 17800-18000 call strikes, indicating nearby resistance. Once we surpassed this, we would see some brief cover moves in these strikes.

Along with banking, the other heavyweight, IT also contributed to yesterday's rally, which has been lagging for quite some time. The cement also continued on its dream run as we watched some smaller names catch up with the bigger name. One can continue to focus on such thematic movers and also the broader market remains the real flavor.

IMPORTANT TRIGGERS AND NEWS IN NIFTY FOR TODAY 09 SEP 2022

 Things you should know before Nifty Open Today. Gear up yourself with all important information pertaining to Stock Market before you Trade in Nifty future and Stock future. Take 5 min before equity market opening to check global clues, Nifty /Bank nifty Support Resistance Levels ,Stock results, Stock future in Ban and Important news. You may find Best Stock Futures to Trade Today also if you are lucky.Stay Tuned for Best Live market Stock future and Nifty/Banknifty Future Trading Tips which will be posted frequently here with proper Target And Stoploss. Don't ever hesitate to contact on  7772909587 for Best Stock Future Tips.

Pre opening
17923.23 up by 124.60 or 0.70%
NIFTY SUPPORT
1765,17521
NIFTY RESISTANCE 
17989,18004
STOCK IN BAN
DELTACORP
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STOCKS FOR NEXT WEEK : : NIFTY COULD HEAD TOWARD THE 17800 📈

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The choppy move continued in the market on Wednesday and the NSE Nifty 50 ended the day 31 points lower amid a tight range move. After opening on a negative note, the market transitioned into a sustained recovery to the upside in the early mid-session. It later moved to a range for the remainder of the session. A long bullish candlestick was formed on the daily chart after a lower open. Technically, this pattern suggests a sideways market movement around the 17750 – 17400 levels. Wednesday's rebound to the upside after a weak open signal for buying interest to surge off the lows. This is a positive sign for the upcoming market.
Recently, three gaps to the downside were opened on August 23rd, 28th and September 7th, and subsequent upward movement was observed on all occasions in the short term after such market behavior. Therefore, in the coming sessions, Nifty cannot be excluded from another attempt to reach the 17800 level hurdle. The weekly chart's Nifty is placed just below the key overhead resistance of the significant downtrend line around the 17800 level. The repeated hitting of the said hurdle has been observed in the last few weeks. This indicates the strength of the underlying nifty on the highs.
SUGGESTION FOR BUYING THIS 2 STOCKS FOR SHORT TERM
Nifty's short-term trend remains rangebound between 17,750 and 17,400. After Nifty bounced up from near the lower range on Wednesday, there are chances that Nifty could make an attempt towards the upper range and also the key trend line resistance around the 17800 level in the coming sessions.

"BUY BFINVEST ABOVE 312.25 TARGET 335/365 SL 288"

After the stock price showed upward movement last week after downward correction, this week the stock price saw a sharp bullish breakout of the down sloping trend line to Rs 300 levels and is currently trading higher. The stock price is moving higher in line with the higher highs and lows on the weekly chart. Volume has started to increase during the stock price's upside breakout and the weekly RSI is showing positive signs.

"BUY BALRAMPUR CHINI ABOVE 386 TARGET 401/410 SL 349"

The share price has been in a sustained upward movement in recent weeks. We observe positive chart patterns such as higher highs and higher lows over the period, signaling the strength of an uptrend. Now the stock price is trying to stage an upside break above the key downtrend line resistance at Rs 377-378. The positive pattern in volume and the weekly RSI suggests further upside potential for the upcoming share price.

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MARUTI STOCK OUTLOOK FOR NEXT WEEK

"BUY MARUTI FUT 2 LOTS ABOVE 8900 TARGET 9020/ 9150
 SL 8750 "

Maruti Suzuki India is the market leader in the domestic passenger car industry With a market share of around 40 %, Orders for the revamped compact SUV Brezza and midsize SUV Grand Vitara, both recently launched, have already surpassed 70000 and 20000 respectively.

Going forward, we expect gross margin to improve due to the decline in commodity prices as the yen depreciates against the rupee/dollar. In addition, the volume ramp-up will lead to operational leverage. The higher fuel price has led to a very strong demand for CNG, supported by a good expansion of the CNG network (currently covering around 250 cities with 3800 stations vs. 1400 stations covering 150 cities 3-4 years ago). CNG volumes account for 20 % of total sales volumes.
Maruti, already strong in the entry-level segment, appears to be focusing on regaining lost market share with new launches in the compact and mid-size SUV segment. We expect an increase in demand from new launches along with the upgrading of the existing product portfolio, a moderation in commodity inflation and an improvement in ECU tightness to support the recovery in margins. The company would continue to gain market share, driven by an expected shift toward gasoline, CNG, and hybrid vehicles. Looking at the existing order book, we expect the company's volumes to grow strongly from H2FY23 onwards.
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BTST STOCK FUTURE CALL FOR 08-09-22

 "BTST FUTURE CALL BUY DLF AROUND 398 TG 407/415  SL 388"

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30000/- PROFIT BOOKED IN INTRADAY STOCK FUTURE CALLS

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   HAVELLS FUT ACHIEVED 1st TARGET 1389 BUYING CALL GIVEN FROM 1379                                                                             BOOKED PROFIT OF 5000

 NIFTY FUTURE ACHIEVED BOTH TARGET @ 17614/17664 BUYING CALL GIVEN FROM 17564 BOOKED PROFIT OF 5000

 JUBILANT FOOD FUT ACHIEVED BOTH TARGET 618.50/622.50 BUYING CALL GIVEN FROM 614.50 BOOKED PROFIT OF  15000

TATA CHEM FUT ACHIEVED 1st TARGET @ 1131 BUYING CALL GIVEN FROM 1126 BOOKED PROFIT OF  5000

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