MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

8:39 AM

Commodity outlook by Tradebulls for today

Brent Crude is trading at $77 after US exits Iran Nuclear deal. Brent crude has hit 3 and half year high. Iran is 3rd largest producer in OPEC and so sanctions will affect the total supply. Managed Money Long:Short ratio is around 12.9 which means long side is getting overcrowded. Money managasers positions have come down from record high of 478557 to 406101. Last time money managers were this bullish was when prices was at $66. It is difficult to gauge the high in MCX but short term trend reversal may come below 4650 which is the up trendline taken from low of 4015 to 4488. Crude oil is making rising wedge so we can expect significant correction once it breaches 4550 on the downside. READ MORE
 

8:37 AM

Today's picks: From Tata Motors to Hindalco, hot stocks to watch on Friday

Tata Motors

Current price: Rs 333.5 

Target price: Rs 327
 

Keep a stop at Rs 337 and go short. Add to the position between Rs 328 and Rs 329. Book profits at Rs 327. READ MORE

8:35 AM

Top trading ideas from Prabhudas Lilladher: Buy Bharti Airtel, Emami Ltd

BUY BHARTI AIRTEL

CMP: Rs 412.10

TARGET: Rs 442

STOP LOSS: Rs 395
 

The stock has been consolidating at around 400 levels for quite some time maintaining a good support at the 34WMA moving average and now it has indicated a positive candle pattern in the daily chart moving above the significant moving average of 50 DMA to signify strength in the stock to anticipate further upward rise in the coming days.

 

The RSI also has made a trend reversal to maintain the positive bias and with decent volume participation witnessed, we recommend a buy in this stock for an upside target of 442 keeping a stop loss of 395. READ MORE

8:34 AM

Markets on Thursday

 

S&P BSE Sensex	35,246.27		-0.21%
Nifty 50	10,716.55		-0.23%
S&P BSE 200	4,662.66		-0.55%
Nifty 500	9,360.95		-0.62%
S&P BSE Mid-Cap	16,279.25		-1.52%
S&P BSE Small-Cap	17,839.51		-1.36%

8:33 AM

SGX Nifty

The SGX Nifty was at 10,791.50, up 0.56  per cent from the previous close.

8:32 AM

Asian Shares

Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan rose for a second straight session to near three-week highs, while Japan’s Nikkei climbed 0.7 per cent and South Korea’s KOSPI added 0.6 per cent.

8:31 AM

Wall Street

Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster US interest rate hikes this year.

 

The Dow Jones Industrial Average rallied 0.8 per cent to end at 24,739.53 points, while the S&P 500 gained 0.94 per cent to 2,723.07, its highest level since mid-March. The Nasdaq Composite added 0.89 per cent to 7,404.98.

8:31 AM

Good Morning!

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