Market Update by Mumbai Team - 7th Jun, 2017

Infosys – IT to face continued slowdown in consulting business, 20-30% cut in prices asked by clients

PC Jeweller - 07 July 2017 as record date for bonus issue in ratio of 1:1.

Maruti Suzuki - total production rose 16.80% to 1.51 lakh units in May 2017 over May 2016, India's biggest car makers continue to outperform sensex

Cadila Healthcare – Gets US FDA final ok for generic of Lialda, drug with limited competition to boost US business in FY18

SBI Bank – to focus on financing farmers in ahead of monsoon, will connect with 10000 farmers as a start

Adani Ports – Simon India bags Rs 370 crore contract from & SEZ

TCS – the largest IT services firm plans to earn $1 bn over next  3-7 years from each of the three new horizontals

                  

OI has increased at 9800 CE , 9900CE and 10000 CE strikes 

OI has increased at 9700 PE, 9600 PE and 9400PE

Based on the Call and put options data Nifty is changing from Bullish to sideways . Reason for that is huge OI at 9700 CE and 9600PE. These both will act as a support and resistance for nifty for this epiry.

If any of this is broken 100 points down or up movement is possible..

Volume Shockers

Chart Talks

Intra day - I will buy at - 47.80 / 30
SL - 46.1
And will sell at - 49.20 / 95
By December expected to go to 100 levels

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

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

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