Weekly Report on 21.08.2017

We had a minor pull back in Nifty this week. Although the primary uptrend is still intact, the intermediate downtrend will be confirmed below 9710. On the other hand a closing above 9900 will re-establish bull’s grip on the index. In case Nifty breaks downward, its...

Morning Calls

Infosys to consider stock buyback proposal at Aug 19 meet. L&T: Divests entire stake in L&T Cutting Tools to IMC Intl Metal for Rs 174 cr. Infibeam: Fairfax Financial Holdings is in advanced talks to acquire10-12% stake in the company. Zensar Technologies is...

Morning Calls

Aurobindo Pharma and Intas Pharmaceuticals are in the race to acquire part of the European assets of Israeli generic drugmaker Teva Pharmaceutical Industries, sources said. Future Consumer will enter into a 50:50 joint venture arrangement with Bin Ablan Foods Industry...

Weekly report on 14.08.2017

We got five continuous days of fall this week, which pushed the volatility to the sky. Nifty is now in an intermediate downtrend & immediate resistance looms at 9830 regions. However, longer term uptrend is still intact. We recommend a short term sell-on-rise...