Domestic Market View
Nifty: Index closed at Highest ever Closing mark, A big Bullish Candle indicating rally to continue for next few days, Next Heavy resistance 12040, if it closes above this, then 12200 will be there in quick time. Yesterday also Nifty not able to cross 11960, sustaining about 11960 is important for market. ( Due to Monthly expiry that’s why there was no Daily Report Yesterday). Yesterday FII Bought shares worth Rs 1664 Cr.
Bank Nifty: Index underscore Nifty, not able to close at highest level as compare to nifty, All waiting for June 6 for RBI Policy. If RBI cut more than .25 BPS then there will be a spark rally in all PSU Banks.
Bank Nifty : Main resistance if 31700, Sustaining about 31700 is good for rally upto 32000, Support wise 31270-50.
Global Market View
US Index closed flat, European index closed positive by .50%, Japanese Index closed at 4 months high on hopes of quick US-China deal, No major news in US market, Brent oil crashed by 4%, A big good news for emerging markets.
Stocks Result
- Ongc : Bad Result, Result Link Dividend of .75 Paisa
- KNR Construction : Good Result, Result Link Dividend of .40 Paisa.
- Coal India : Good Result , Result Link No Dividend.
- PC Jeweler : Bad Result, Result Link No Dividend.
Stocks in News
- Jet Airways : They postponed Result “the company is not in position to consider and approve the audited financial result for the Year ended 31 March 2019” Notice Link. A Bad news for share.
- Mcleod Russel : They Postponed Result due to various reasons, Notice Link. A Bad news for share. Few Weeks Back Mcleod Russel is added in “Garbage share list” Garbage means if you put any money in this share then sureshot it will give you loss, Trapping share, List of Garbage share is shared in my website links, Fundamental Garbage, Manipulated Garbage shares.
- Reliance Power : They Postponed Result “due to unavailability of some directors “ Notice Link. A Bad news for share. ADAG Group companies are in my garbage list from 2016.
- Reliance Infra : They Postponed Result “due to unavailability of some directors ” Notice Link. A Bad news for share. ADAG Group companies are in my garbage list from 2016.
- Stocks Result : Vmart, Hcl Infosystems, Titagarh Wagon, Ginni Filaments, Bal pharma, Ashapura minechem, NRB Bearings.
- Mindtree : Don’t trade in his share, as L&T is buying heavy qty of shares from open market to acquire the company, so if you are tracking this company then delete this from your watch-list as it will not give you any trend, and L&T buying share at Rate of 980, so no movement will be there in share of Mindtree, share price is now operated by L&T.
FYI: Postponing of Result is not a good for share price, and market will link this thing to “corporate Governance Issues”, Better to avoid these kinds on shares.
Stocks For Buying
Right Now No shares is in Buying Range, you can check previous shares which are near Buying levels, check in this Excel sheet Or check the below Listed “Near Breakout shares”.
Stocks Near Breakout
- SBI : If today it closes above 355-357 then it’s a good Breakout, Weekly and Monthly Breakout is in radar, Minimum Target if Breakout is confirmed is 400-420.
- JM Financial : If closes above 96 with Heavy Volume then good for Breakout.
- GHCL : If closes above 272 with Heavy Volume then good for Breakout.
- Edelweiss : If closes above 202 on weekly chart with Heavy Volume then good for Breakout.
- Coal India : If closes above 257 with Heavy Volume then good for Breakout.
- Gail : If closes above 364 with Heavy Volume then good for Breakout.
One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
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8:45 AM : Trump Tweets 5% Trade duty on Mexico and US Index Down .70%, Brent oil is below $65. A booster for Nifty.
