MARKETS ON MONDAY: Sensex ends 286 pts higher, Nifty reclaims 10,200

All that happened in the markets today

9:08 AM

Stocks in News

Aurobindo: Gets U.S. FDA approval for Zumandimine tablets ANDA
 

Canara Bank: Calls off sale of stake in Can Fin Homes.
 

Dilip Buildcon: Says awarded Hybrid Annuity by NHAI
 

Punj Lloyd: Wins order worth 8.06b rupees from NHAI
 

Tata Motors: Says March local sales rose 35% y/y to 69,440 units
 

Tata Power: Okays engineering unit sale to Tata Advanced Systems
 

UltraTech Cement: Gets CCI approval for Binani Cement bid
 

Vedanta: Says it has agreed to acquire Electrosteel Steels

9:02 AM

Markets at Pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,848.23	-120.45	-0.37
S&P BSE SENSEX 50	10,634.87	+43.17	+0.41
S&P BSE SENSEX Next 50	33,056.87	+256.49	+0.78
S&P BSE 100	10,550.78	+48.17	+0.46
S&P BSE Bharat 22 Index	3,513.36	+43.33	+1.25

9:00 AM

Trading ideas by Tradebulls

 

Stock: JK TYRE

Reco: Buy

CMP: Rs 163

 

Stock: NMDC

Reco: Sell

CMP: Rs 118.55

 

Click here for rationale

8:57 AM

Nifty outlook by Tradebulls for today

 

Nifty ended the month with fresh slippage of 2.59% MoM as it closed around 10113 on the final session of the month. The level also corresponds with its 200 days Exponential Moving Average. The immediate trend remains weak and any close below 10,030 could amplify the weakness. Derivative data still indicates as immediate range of 10,000-10,200 while technically a swing resistance also corresponds near 10,250 zone. 

 

The truncated weekly close ahead of the long weekend doesn’t support much materialistic evidence of a reversal in place & hence the index could see some consolidation within the range of 9,950-10,250 in the coming week ahead. As the gyration within the range is expected to continue, it’s better to adhere trade with a long & short combo to negotiate during these volatile times.

8:53 AM

Top trading calls by Prabhudas Lilladher

 

BUY SBI 

CMP: Rs 249.90 

TARGET: Rs 270 

STOP LOSS: Rs 225

 

The stock has witnessed a deep correction from the peak of 332 to bottom out at around 232 levels and has indicated a pullback with a positive candle pattern in the daily chart. It signify a positive bias with the RSI showing a steep trend reversal from the highly oversold zone. With the volume participation decent and the chart looking attractive, we recommend a buy at current levels and in decline for an upside target of 270 keeping a stop loss of 225.

Click here for more

8:50 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty optimistically should give a bounce with the start of new financial year keeping 9,950 as crucial support for now. The support for the week lies at 9900 while resistance lies at 10300. Bank Nifty would have a range of 23,580-24,850. Stocks with positive bias would be tyre stocks like Apollo Tyres, Ceat, JK Tyres & Maruti, Indusind Bank, SBI , Larsen among frontline.

8:50 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty optimistically should give a bounce with the start of new financial year keeping 9,950 as crucial support for now. The support for the week lies at 9900 while resistance lies at 10300. Bank Nifty would have a range of 23,580-24,850. Stocks with positive bias would be tyre stocks like Apollo Tyres, Ceat, JK Tyres & Maruti, Indusind Bank, SBI , Larsen among frontline.

8:46 AM

Asia stocks start new quarter on front foot

 

Asian stocks began the new quarter on Monday with mild gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic indicators.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent.

 

South Korea’s KOSPI gained 0.6 per cent and Japan’s Nikkei advanced 0.55 percent. Hong Kong’s Hang Seng added 0.25 per cent and Shanghai was up 0.4 per cent.

8:43 AM

Wall Street

Wall Street surged last Thursday as technology stocks rebounded, ending a tumultuous first quarter on a high note. Many major financial centers were closed for the Good Friday Easter holiday.

8:42 AM

Good Morning!

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