Friday, 7 September 2018

Markets@Moneycontrol: Nifty likely to open positive; 3 stocks which could give 6-14% return

Nifty50 is probably going to open on a flat-to-positive note on Fridayfollowing mixed trend seen ina different Asian markets. The index closed fifty ninepoints higher at eleven,536 on Thursday.

Trends on SGX good indicate a positive gap for the broader index in Republic of India, an increase of twenty-two points or zero.19 percent. good futures were mercantilism around eleven,566-level on the Singaporean Exchange.

The S&P five hundred and National Association of Securities Dealers Automated Quotationsdeclined on Thursdaybecause the risk of a lot ofUnited States of Americatariffs on Chinese imports loomed, whereas technical school stocks stumbled, junction rectifier by chipmakers and issuesregarding increasedregulation of social media corporations, aforementioned a Reuters report.

Asian shares slipped to a 14-month trough on Friday as investors feared a replacement spherical of Sino-US tariffs might come back at any moment, whereas a slump in United States of America chip stocks rippled through the technical school sector.

Stock in News

L&T Technology Services: Company enters into agreement to amassGraphene Semiconductor Services.

Yes Bank's capital raising committee would contemplate the proposal to lift funds by issuance debt securities, on personalplacement basis on or whenSeptember 11, 2018

Welspun corporationentered in to associate degree agreement for provide of at 220 KMT of Pipes for Oil & Gas project within the Americas region

Vijaya Bank revises MCLR for various tenors w.e.f. Gregorian calendar monthseven

Reliance military service has been hip to that IDBI Bank has filed associate degreeapplication before NCLT seeking debt resolution below IBC method

Bajaj Auto: Company to expand three wheeler & Quadricycle capability to onemillion each year as Government announces finish to permits.

Religare Enterprises: Q1 loss at Rs seventeen.07 large integer versus loss of Rs fourteen.05 crore; revenue falls to Rs one.63 large integer versus Rs four.73 large integer (YoY).

Technical Recommendations:

We have spoken to Way2Wealth Brokers Pvt. Ltd and here's what they have to recommend:

Jubilant FoodWorks Ltd: Sell Around 1435 - 1450| LTP: Rs 1417| Target: Rs 1330| Stop Loss: Rs 1495| Time frame 15 to 21 trading session| Return 6%

Dr. Reddy's Laboratories Ltd: Buy around Rs 2580 - 2530| LTP: Rs 2567| Target: Rs 2760| Stop Loss: Rs 2460| Return 7%

Tata Motors Ltd: Buy around Rs 270| LTP: Rs 269| Target: Rs 305| Stop Loss: Rs 254| Return 14%

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