WEEKLY EQUITY NEWS-LETTER
WEEKLY EQUITY NEWSLETTER 16TH JUNE TO 21TH JUNE 2019 @TheGRSsolution
At close, the Sensex was DOWN 289.29 points at 39,452.07, while Nifty was DOWN 90.75 pts at 11,823.30. About 1058 shares have advanced, 1390 shares declined, and 146 shares are unchanged.
Biocon has received the European drug regulatory agencys approval for its facilities in Bengaluru, enabling it to continue and enhance its biosimilar production for the Continents markets.
Mortgage lender HDFC Friday said it has sold over 4.22 % stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore.
Diagnostic chain Dr Lal PathLabs Friday said its board has approved the acquisition of 70 % stake in a new company to be incorporated by Vinita Kothari and Sushila Dalal for a cash consideration not exceeding Rs 50 crore.
Dr Reddys Laboratories Limited announced at 14 Jun that it has entered into a definitive asset purchase agreement with Upsher-Smith Laboratories, pursuant to which the company would sell its US and select territory rights for Zembrace Symtouch (sumatriptan injection) and Tosymra (sumatriptan nasal spray). Earlier these products were commercialized through Dr Reddys wholly owned subsidiary Promius Pharma.
Indias Oil & National Gas Corp Ltd has sold a naphtha cargo at close to $6 a tonne over the Middle East quotes on a free-on-board (FOB) basis, the lowest premium in more than five months, industry sources said.
IndusInd Bank has lost an over Rs 9,000 crore market capitalization (market cap) in the past two trading days after foreign brokerage UBS downgraded the stock to sell from neutral on expectations of higher credit costs. Shares of the private sector lender were down 5 % at Rs 1,412 on 14 Jun, falling 10 % in 2 days.
work on Nifty Future Tips take expert advice.
NIFTY TOP GAINERS/LOOSERS
Recommendation: - Nifty is DOWN -90.75 point close at 11,823. AROON INDICATOR shows buy single. So, the trader can make their position buy above 11835 TG-11855 TG-11875 TG-11895 SL-11795
CNX BANK NIFTY
Recommendation: - Nifty bank down point 289 close at 39,452 .AROON INDICATOR shows buy single. So, trader can make their position BUY ABOVE 31620 TG-31640 TG-31660 TG-31680 SL-31580
CALL OF THE WEEK:-
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 510 TG-515 TG-520 TG-525 SL 503
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 178.50 TG-180 TG-182 TG-184 SL 176
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