Sunday, May 20, 2018

Nifty Next: Nifty Future Trading Range on Monday 21 May 2018


Nifty Future has ended at  # 10608  with a fall of -0.8 %  on Friday 18.05.2018 with formation of a Red Candle on Daily price chart. With the latest Political Happenings in the Indian space ( Karnataka State Politics and fall of BJP led Govt. ) , we expect that Indian Market will react with negative tone on Monday on 21.05.2018.
At the time of writing this article, SGX Nifty has closed at 10562 with a fall of -130 points and -1.22%.
As per our view, we are expecting that Nifty-F will  open with a Huge Gap & will trade with huge volatility and  will settle  at # 10250, fall of -350 points from its previous closing. We are still intact with our Nifty( F)  Target of 9180 levels .
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Saturday, May 19, 2018

Sugar Sector Update: More Pain left ahead

Sugercane planted over 47 lh (accounted for much of the area covered so far),higher than 46.44 lh
during corresponding period last year.  Sugarcane sowing in Uttar Pradesh is pegged at 21.52 lh, in Maha­ rashtra and Karnataka it was 8.75lh and 4 lh respectively.Excess availablity will have negative impact on the Suger Sector.
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Newgen Software Technologies Ltd : Q4 FY2017-18 Results Update & Valuations

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