VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Companies >> Coal India Ltd. >> Research

Investment Idea: Buy MPhasis, Coal India; Sell Bata

Way2wealth | 29 Jan, 2018  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 5.0 Based on 2 ratings)


Nifty Spot


On Thursday, the Nifty index opened on subdued note and we saw similar open high which is a sign of weakness. In line with the expectations, we saw decent profit booking and Nifty slipped below its previous day’s low during the first half. Post mid-session, the bouts of buying interest pull index higher. In the process, index pared most of its intraday losses and eventually ended on flat note. Despite the F&O expiry; we haven’t seen any significant volatility in our market. Going forward, 11026 will act as an immediate support below which the next support comes near 10975. Higher side, 11111 / 11156 are near term resistance.

   

Bank Nifty Spot


Despite the positive news flow of PSU Banks recapitalization, Nifty Bank index failed to rallied higher. In technical, there is favour quote that ‘The Market Discounts Everything’ and Thursday’s move was a classical example. The Nifty PSU bank index was a major culprit which engulfed previous days candle and felt more than five percent. However, buying interest in private banks lifted the index higher. As a result, index ended the session on flat note. For the day, 27260 / 27075 are  immediate support whereas 27630 / 27820 are near term hurdles.


Stocks For Today


Name                      Entry                        Target             Stop loss


MPHASIS            Buy Around 820                860               795

COALINDIA          Buy Around 297                311               290

BATAINDIA           Sell Around 712                680              726

 


  Read full report Click here to read the full report

logo
BSE
310.25 +5.60
(1.84%)
NSE
310.40 +5.00
(1.64%)
Read More
About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

 

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




Technical Calls

What are technical calls?

Other Articles


Have a question?