SREI INFRA Q4

SREI INFRA Q4 PAT AT RS 2.5 CR VS 13.5 CR YOY

BANK OF MAHARASHTRA Q4

BANK OF MAHARASTHRA Q4 LOSS AT RS 120 CR VS PROFIT OF RS 113 CR YOY

FLASH NEWS

ED SEEKS INTERPOL ARREST WARRANT AGAINST VIJAY MALLYA

CENTRAL BANK OF INDIA

CENTRAL BANK OF INDIA RAISED RS 535 CR VIA PREFERENTIAL ISSUE TO GOVT

NESTLE INDIA RESULTS

NESTLE INDIA NET PROFIT AT RS 259 CR EST OF RS 268 CR

MANAPURAM FIN RESULTS

MANAPPURAM FIN  NET PROFIT AT RS 131 CR VS 70.04 CR YOY

Raghuram Rajan unfit to be RBI Governor, should be removed: Subramanian Swamy

OIL PRODUCTION

RUSSIA INCREASED OIL PRODUCTION 2.7% AND REDUCED GAS PRODUCTION 0.6% IN JAN APRIL 2016

NISSAN WILL TAKE A 34 % STAKE IN MITSUBISHI MOTORS

BTST SUNTV

BTST BUY SUN TV ABOVE 382
TARGET 387-394
SL 375

BTST MOTHERSUMI

BTST BUY MOTHERSUMI 266
TARGET 272-278
SL 262.90

VIJAYA BANK

VIJAYA BANK GROSS NPA 6.64% VS 4.32% QoQ

VIJAYA BANK Q4

VIJAYA BANK Q4 PAT AT RS 71 CR

BHARTI AIRTEL

BHARTI AIRTEL TO INVEST RS 60000 CR IN 3 YRS TO IMPROVE NETWORK

DR REDDYS LAB Q4

DR REDDYS LAB Q4 PROFIT DOWN BY 85% AT RS 74.6 CR VS 520 CR YOY

ARVIND MILL Q4

ARVIND MILL Q4 PAT RS 110 CR VS EST OF 100 CR

TATA ELXI BOOK PROFIT

TATA ELXI BOOK PARTIAL PROFIT IN 1914

BUY BAJAJ FINSERV

BUY BAJAJ FIN SERV 1927
TARGET 1955-1988
SL 1898

BUY TATA ELXI

BUY TATA ELXI MAY FUT ABOVE 1900
TARGET 1927-1942
SL 1884

SELL PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK: SELL

STOP LOSS: Rs 85

TARGET; Rs 76

The stock broke its support of 80 levels which is working well from last eight weeks and gave the lowest daily close of last forty three trading sessions. In the April series it failed to cross and hold above 92 zones and started witnessing selling pressure. It has a tendency of witnessing selling pressure at every minor attempt to bounce back. Thus we are recommending selling the stock on bounce back move with the strict stop loss of 85 for the downside target of76 levels.

BUY AMARARAJA BATTERIES

AMARA RAJA BATTERIES: BUY

STOP LOSS; Rs 920

TARGET: Rs 985

The stock has been consolidating in a range but the supports are shifting to higher levels. At the being of series it was respecting to the support of 920 and now the support shifted to 931 levels. It is witnessing short covering and a hold above 936 may take the stock higher towards 985 levels.

BUY ASHOK LEYLAND

ASHOK LEYLAND: BUY

STOP LOSS: Rs 100

TARGET: Rs 107.50

The stock held onto its multiple supports around its 100 zones at its 50 DMA on daily and weekly chart even after profit booking being witnessed in the broader market. The overall trend of the stock is intact to positive and has been respecting to its 35 weekly moving average on closing basis from last two years. Thus a positive move towards 107.50 and higher levels cannot be ruled out

BUY MARICO

MARICO: BUY

STOP LOSS: Rs 245

TARGET: Rs 265

The stock surpassed its hurdle of 255 after taking support at its 50 Day exponential moving average and is moving higher from last three sessions. The positive move in the stock is intact even after profit taking witnessed in the broader market. It is rising upside continuously and respecting its 13 weekly moving average on closing basis from last twenty five weeks. It snapped the losses made in previous week by more than 38.5% Fibonacci retracement levels.

JACKPOT CALL

SELL ICICIBANK TARGET 226-224
CMP 229.40

BTST AXIS TARGET ACHIEVED

BTST AXIS BANK TARGET ACHIEVED @ 505
LONG ON 497

BANK NIFTY LEVEL

BANK NIFTY NEXT LELVEL 16730-16680-16620

GOOD MORNING

HAPPY PROFIT DAY