Nifty View:
After a Week of Bullishness what we could expect from Nifty?. Still, Bullish candle is formed on a Daily and Weekly basis. Everything stays positive!. So the cautious week is here.
As we have clearly written in Friday's Pre Market Report, sustaining above 16,350 was the key to unlocking the important 16,500 level and 16,600 levels. It was seen Friday.
16,700-16,750 levels are to be watched out next. 16,580 is the next spot resistance for Nifty, and 16,350 will be a major support.
Global cues are overall positive, so we can focus on stock-specific actions. Bank Nifty has been underperforming so watch for Bank Nifty to give momentum.
Everything stays positive so we stay on the cautious side.
Stocks in News:
Ease my trip Q1: Cons. net profit down 49 % to Rs 15.4 cr ( QOQ), UP 517 % YOY, Revenue down 67 % To Rs 18.7 cr (QOQ), Up 434 cr YOY, EBITDA Down 84 % Tob Rs 5 cr (QOQ), EBITDA loss at 4.18 cr (QoQ)
Future Retail: Future Group has filed a special leave petition before the Supreme Court against the Delhi High Court verdict passed against it in March this year.
VODA IDEA Q1: Net loss Of Rs 7319 cr V Rs Rs 7022 cr Loss (QOQ), Rs 25, 333 cr loss last year
,Revenue Down 5 % to Rs 9152 cr (QOQ), Down 14 % YOY, EBITDA down 16 % To Rs 3707 cr QOQ,Down 9.5 % Yoy
MAHINDRA: On Saturday, Mahindra & Mahindra Ltd (M&M Ltd) rolled out its much-awaited all-new SUV, XUV700, at price starting from Rs 11.99 lakh (ex-showroom) onwards.
PSU Banks: FM Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on August 25 to review financial performance, credit offtake, #ECLGS scheme, and NPA situation
Prime Minister Narendra Modi on Sunday unveiled plans to launch a ₹100 trillion integrated infrastructure scheme that would make the economy more competitive.
Four stocks, Devyani International, Krsnaa Diagnostics, Exxaro Tiles, and Windlass Biotech, will make share markets debut today.
