Daily Update - by Mumbai Pro Traders

Corporate News

Aries Agro - Post positive commentary in a company held analyst meet, stock surged 13.6 % with high volumes, breaching above an immediate resistance of 160, revenue for FY17-18 expected to 305 CR, EBIDTA 18%, PAT 5%

Star Paper Mills - in process of having CapEx programme, in addition to a marginal hike in its production quantities, stock traded above its 50 DMA

Welspun Enterprises - up 15% on BSE after block deal and a spurt in the volume by more than 82.94 times

Reliance General Insurance - The board of directors approved independent listing of the company (100% subsidiary of RelCap), plans to dilute 10% in FY18.

Canara Bank - to consider Capital Plan for current fiscal on June 15

Banking Stocks - drag index ahead of a meet between Arun Jaitley and PSB heads on NPA issue

Open Interest

Nifty Call Option

                                 

     Nifty Put Option

Open Interest Data Analysis

Huge open interest building up in call  options are reducing the chances of up move. Put writers started unwinding in 9600 PE and started building at 9500  PE . Nifty could go to 9500  based on the data .

Short term trend  is Down.

Medium term trend is UP.

Long term Trend is UP.

Volume Shockers with High Delivery %

Team: Mumbai -
Pro Traders: Yogini, Ram, Ankur, Shivarajkumar

Source: Economic Times, Business Standard, Financial Express, Indian Express, Mint, Business Line, StockEgde, Bombay Stock Exchange, National Stock Exchange

,Disclaimer: This is for study purpose and is intended for Trading Terminology Closed Group.