CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 9980
SUPP 2: 9750
RES 1: 10270
RES 2: 10550
Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day’s closing of 62.37 per dollar.
Indian equity market is likely to open higher with the Nifty expected to open at around 6100, according to SGX Nifty.
Key events for today:
Tata Power,Hexaware and Jet Airways will be reporting their Q3 results today. Tata Power’s total income is expected grow at 3.6 percent at Rs 9365 crore versus Rs 9039 crore. Its EBITDA is expected at Rs 1922 crore and a profit after tax (PAT) of Rs 201 crore versus a loss of Rs 329 crore.
Hexaware Technologies is expected to post a dollar revenue of USD 101.9 million versus USD 98.9 million. The EBITDA is seen Rs 144. 5 crore versus Rs 148 crore.
BUY JUBILANT FOOD (LCP 1057.1) ABOVE 1060 TG-1070-1090
BUY WHEELS (LCP-1050) ABOVE 1055 TG-1065-1090
BUY AXIS BANK (LCP 1008.1) ABOVE 1110 TG-1120-1132
BUY PNB (LCP-850.65) ABOVE 852 TG-859-870
CH WORLD MARKET UPDATE
HANG SENG 156.36
SGX NIFTY 45.60