Capitalstars opening bell : 11 june 2018

CS OPENING BELL:

NIFTY SPOT UP 60 @ 10827

SENSEX UP 200 @ 35642

BANK NIFTY FUTURES UP 187 @ 26625

CS NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES2: 10950

RES 1:10875

SUP1:10710

SUP2:10640

 CS BANK NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES 2: 27060

RES 1: 26800

SUP1: 26285

SUP2: 26080

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Capitalstars Opening bell : 8 june 2018

CS OPENING BELL:

NIFTY SPOT DOWN 25 @ 10744

SENSEX DOWN 78 @ 35385

BANK NIFTY FUTURES DOWN 209 @ 26357

CS NIFTY FUTURES (JUNE ) OVERVIEW

TREND BEARISH

RES2: 10850

RES 1:10785

SUP1:10640

SUP2:10560

CS BANK NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES 2: 26800

RES 1: 26635

SUP1: 26135

SUP2: 26920

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Capitalstars Opening bell : 7 june 2018

CS OPENING BELL:

NIFTY SPOT UP 76 @ 10760

SENSEX UP251 @ 35430

BANK NIFTY FUTURES UP 199 @ 26590

CS NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES2: 10875

RES 1:10830

SUP1:10670

SUP2:10630

CS BANK NIFTY FUTURES (JUNE ) OVERVIEW

TREND BULLISH

RES 2: 26925

RES 1: 26765

SUP1: 26340

SUP2: 26080

Sales of North America Class 8 trucks doubled in May 2018. A total of 35,200 vehicles were sold in May 2018 against 16,419 vehicles in May 2017. On a sequential basis, growth was 1%. As per market experts, Class 8 truck sales are expected to do well in CY2018 on the back of increasing replacement demand, improving freight fundamentals & cash flow benefit to fleets & other truck buyers. Total truck sales over past six months have averaged above 40,000 per month, a very robust trend. North America Class 8 truck segment accounts for 10-12% revenues for Bharat Forge and approximately 20% for Ramkrishna Forging. Hence, the data augurs well for both the companies.

Capitalstars opening Bell ; 6 june 2018

CS OPENING BELL:

NIFTY SPOT DOWN 47 @ 10635

SENSEX DOWN 176 @ 34980

BANK NIFTY FUTURES DOWN  120 @ 25952

CS NIFTY FUTURES (JUNE) OVERVIEW

TREND BEARISH

RES2: 10765

RES 1:10700

SUP1:10540

SUP2:10455

CS BANK NIFTY FUTURES (JUNE) OVERVIEW

TREND BEARISH

RES 2: 26565

RES 1: 26430

SUP1: 26020

SUP2: 25810

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Nifty can extend weakness towards 10,320-10,200; Indices edge lower ahead of RBI policy

The Nifty50 index Futures started the June series on a weak note. Further, it failed to take out 61.8 percent Fibonacci retracement level placed at 10,745 after three attempts which lead to corrections.

A sustained trade below 10,540 can extend the weakness and drag the index lower to levels of 10,320-10,200. However, a trade above 10,750 i.e. 61.8% Fibonacci retracement level can resume the uptrend taking it to levels of 10,835-10,900.

On the daily chart, Godrej Agrovet Ltd is on the verge of a breakout from a bullish Flag pattern suggesting bullishness dominant in the stock.

Further, the stock has taken support at the 38.2% Fibonacci retracement levels and volumes have declined within the Flag suggesting a temporary pause before it resumes the uptrend.

The RSI has turned upwards breaking out of the upper Bollinger Bands suggesting extended bullishness in the coming trading sessions. The stock may be bought in the range of Rs 644-648 for targets of Rs 680-695, and a stop loss below 625.

The markets on Tuesday are trading lower as they  focus sed the Reserve Bank of India's (RBI) second monetary policy review of 2018-19. The policy decision is due on Wednesday, June 6.

An increasing number of economists expect the Reserve Bank of India (RBI) to raise interest rates on Wednesday, a Reuters poll found, but most still think the central bank will stay on hold and use this week’s meeting to prepare for an August hike.

Among macro data, activity in India’s service industry shrank in May for the first time in three months as new orders stagnated, but business optimism was the highest since 2015 on expectations that demand will turn around, a business survey showed.

The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 49.6 in May from April’s 51.4, sinking below the 50-mark that separates growth from contraction.

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Capitalstars Opening Bell : 4 June 2018

CS OPENING BELL:

NIFTY SPOT UP  15 @ 10710

SENSEX UP 47 @ 35274

BANK NIFTY FUTURES DOWN  99 @ 26570

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES2: 10850

RES 1:10790

SUP1:10640

SUP2:10530

CS BANK NIFTY FUTURES (MAY) OVERVIEW

TREND BULLISH

RES 2: 27220

RES 1: 27060

SUP1: 26430

SUP2: 26350

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Capitalstars Opening Bell : 1 June 2018

CS OPENING BELL:

NIFTY SPOT UP 24 @ 10760

SENSEX UP 61 @ 35383

BANK NIFTY FUTURES UP  123 @ 26850

CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES2: 10850

RES 1:10790

SUP1:10660

SUP2:10580

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BULLISH

RES 2: 27200

RES 1: 26990

SUP1: 26520

SUP2: 26340

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