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RBI's monetary policy and Auto sales numbers will drive market - CapitalAim

Posted On: 2019-03-30 10:18:05

Mr. Debabrata Bhattacharjee, Head of Research, CapitalAim

Once Again the Index hit it's high on the next day of expiry. Nifty of Fridays manages to close over 11575, once again the Bank Nifty is the star performer of the show, successfully close over 30250 which is its previous all-time high. Now traded over 30400.

Bond yields are slipping once again trading at a low in the US is the key driver in the nifty's elevation. While the development in the US and china trade-war talks appeared to boost the sentiment once again into a positive note. The ongoing development between the two countries is the negotiations in Beijing are the efforts to reach an agreement that might ease tariffs.

On Fridays market, Benchmark Nifty gain almost 53.90 points or 0.47% at 11623. Nifty50 entering in the new era closest to its all-time high of 11760. For the next week, Nifty is likely to trade between 11500-11700, where 11700 CALL has the highest open interest in the April Series on the very first day of new series.

Investors should look for the line up events in Indian markets for the upcoming week. Where, one should keep an eye on Nikkei Manufacturing PMI on Tuesday, while related to banking industry one should look for RBI's monetary policy on Thursday where we look for CRR and Reverse Repo rate in Indian market. Auto stocks will be in focus as Auto sales no. is coming on this week.

Stock Future recommendations :

APOLLOHOSP: BUY| Above : Rs 1255| Target: Rs 1325| Stop loss: Rs 1200|

APOLLOHOSP is in buying hand. Forming a base building at lower levels and formation of double bottom is confirming the buying ahead in this counter.

HAVELLS : BUY| Above : Rs 780| Target: Rs 800| Stop loss: Rs 760|

Havells is breakout from a channel line. Stocks outperform because of expected rate cut in consumer durables in GST tax slab. A strong buying in next week above 780 can lead it toward 800+ levels.

L&T : BUY| Above : Rs 1395| Target: Rs 1450| Stop loss: Rs 1360|

L&T is forming a breakout of its range i.e. called range breakout. Moving in sideways past two weeks. L&T is trading in Diamond pattern. Follow on breakout can move it either side.


Source: Equity Bulls

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Other Headlines:

Market Wrap-up - Mr. Ruchit Jain (Equity Technical Analyst, Angel Broking)

Options data hints scope of further upside: Angel Broking

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IT comes to the rescue, broader markets under pressure: Angel Broking

Q1 result will drive the market in coming week : CapitalAim

Some respite on global cues, Auto and Metal stocks on a roll: Angel Broking

Boredom ahead of the event, all eyes on Finance Minister: Angel Broking

The volatility index tanks 4% ahead Union Budget: Angel Broking

Nifty reclaims 11900, focus shifts on the broader market: Angel Broking

Some respite on the global front, promising signs ahead of the budget: Angel Broking

Stronger hands reluctant rolling-over shorts: Angel Broking

Budget will shape the future trend of Equity Market :Epic Research

11750-11800 to act as a supply zone: Angel Broking

Finally some relief in the broader markets: Angel Broking

Finally Nifty surpassed 11850; courtesy to Banking and Metals space: Angel Broking

Once again Nifty rallies from 11650, expect upmove towards 12000: Angel Broking

OTM call writers covered their positions: Angel Broking

Indices consolidate in a range; BankNifty outperforms: Angel Broking

11600 defended successfully, remain hopeful of a strong rally: Angel Broking

Next Week, Stocks of Banking & Finance, Pharma and Auto Sectors could be Expected to Show Bearish Movements - CapitalAim

Nifty can remain rangebound with 12000 on the upside to 11700 - 11600 on the downside - Epic Research

Exit poll gap became the savior, rally to extend further: Angel Broking

Fed rates compromise between monetary policy and Trump: Angel Broking

11630 - 11610 are the levels to watch out for: Angel Broking

Nifty is now all set for the Budget : Mustafa Nadeem, Epic Research

Negative News From the Finance Sector can be a trigger for a bigger correction before the budget session: CapitalAim

Index rebounds from its support; expect uptrend to resume: Angel Broking

V-shaped recovery from 20-DMA, except rally beyond 12000: Angel Broking

11850-12050 is an immediate range: Angel Broking

Market Cues for the day - June 12th, 2019 - Angel Broking

11850-11900 to act as demand zone now: Angel Broking

Nifty Can Move Downside If Fails to Sustain Above 12000 levels: CapitalAim

Gradual upmove from the support, broader participation awaited: Angel Broking

Index consolidates in a range, 'IT' counters witness buying momentum: Angel Broking

RBI Circular will have a Positive Effect on NBFC & Banking sectors: CapitalAim

RBI circular for Resolution of Stressed Assets will be a relief to businesses facing temporary financial issues

Index defends its support, but ends well below the 12000 mark: Angel Broking

Market to Trade in a Wide Range for the Next Week - CapitalAim

Nifty concludes above 11850; courtesy to Banking and IT space: Angel Broking

RBI Policy update from Mr. Romesh Tiwari, Head of Research, CapitalAim

Reaction on RBI policy from Mr. Mustafa Nadeem, CEO, Epic Research

Views on RBI Policy - Kumaresh Ramakrishnan, Head - Fixed Income, DHFL Pramerica Mutual Fund

Nifty tanks below 11850 post RBI rate cut, but no major shorts: Angel Broking

Market may see further pressure in Nifty : Epic Research

Sell off post RBI policy, banking stocks drag: Angel Broking

Market Outlook - June 4, 2019 - Angel Broking

12000 conquered convincingly, courtesy to IT and Auto counters: Angel Broking

Long Short Ratio back to 60%: Angel Broking

The market will keenly look forward to the first Cabinet meeting and RBI Monetary Policy - CapitalAim

Next week market will look for RBI monetary policy crude price and global market sentiment: Epic Research







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