*Updated: 08:00*
*
*
SGX-NF: 10820 (+4; -0.04%)
Expected BNF opening: 26430 (+0.05%)
SPX-500: 2738 (+8; +0.31%)
*Note:*Flat opening on positive global cues on hopes of US-China trade
truce after Trump took initiative to solve China’s ZTE embargo in the US
to save hundreds of “Chinese jobs” and get back ZTE in US business.
*But mixed exit poll results
<https://www.iforex.in/analysis/nifty-surged-positive-global-cues-and-hopes-early-arrival-monsoon-52003>*and
“disappointment” to some extent for the BJP/NAMO and neck & neck fight
with INC (95 vs 90) in the Karnataka election may be an indication that
there will be some “fight” in 2019 general election and thus Indian
market mood might be on “risk-off” mood ahead of the actual result on
Tuesday.
*Fut-I (Key Technical Levels)*
Support for NF:
10800/10740-10710/10660*-10590/10530
Resistance to NF:
10850/10875*-10935/10975-11055/11150
Support for BNF:
26275/26125-26000/25800-25600/25300
Resistance to BNF:
26650/26800-27150/27300-27500/27700
Support for SPX-500:
2715/2695*-2675/2655-2625/2610
Resistance to SPX-500:
2750/2775-2805/2820-2855/2880
*Technical View (Positional-Nifty, Bank Nifty, SPX-500):*
Technically, Nifty Fut-I (NF) has to sustain over 10875 for a further
rally towards 10935/10975-11055/11150 and further 11195-11225/11375 in
the short term (under bullish case scenario).
On the flip side, sustaining below 10850 NF may fall towards
10800/10740-10710/10660* and further 10590/10530 in the short term
(under bear case scenario).
Technically, Bank Nifty-Fut (BNF) has to sustain over 26650 for a
further rally towards26800/27150-27300/27500 and further 27700-28000in
the near term (under bullish case scenario).
On the flip side, sustaining below 26600-26450 BNF may fall towards
26275/26125-26000/25800-25600/25300in the near term (under bear case
scenario).
Technically, SPX-500 now has to sustain over 2750 for a further rally
towards2775/2805-2820/2855 and further 2880-2895in the near term (under
bullish case scenario).
On the flip side, sustaining below 2745, SPX-500 may fall
towards2715/2695*-2675/2655 and further 2625/2610in the near term (under
bear case scenario).
*Valuation metrics:*
*
*
Nifty-50: 10805; Q3FY18 EPS: 403; Q3FY18 PE: 26.81; Avg FWD PE: 20; Proj
FY-18 EPS: 418; Proj Fair Value: 8360
Bank Nifty: 26413; Q3FY18 EPS: 807; Q3FY18 PE: 32.73; Avg FWD PE: 20;
Proj FY-18 EPS: 961; Proj Fair Value: 19220
SPX-500: 2728; TTM Q4-2017 EPS: 111; TTM PE: 24.58
*GLOBAL MARKET STORIES: <https://www.iforex.in/news>*
FOLLOW ME: TWITTER.COM/ASISIIFL
<https://1.bp.blogspot.com/-P3xweh8zqas/WvkK1Q0sZGI/AAAAAAAAP9E/LH58kKz4bDA-QgyS8hjUexP06QFEIlAxgCLcBGAs/s1600/SGX-NF-PATTERN-1-11-05-2018.png>
SGX-NF
<https://1.bp.blogspot.com/-QidCrka_Ebw/WvkK7U2Y7PI/AAAAAAAAP9I/Ft7pt7P7LJ4PRl44Wpn5O3M2wd4gYsfHgCLcBGAs/s1600/BNF-PATTERN-11-05-2018.png>
BNF
<https://2.bp.blogspot.com/-mM1AYcFtNHU/WvkLAEhyLMI/AAAAAAAAP9M/5Z30DEs2iksjUDG-ey0yRCQA-kSxDAXrACLcBGAs/s1600/SPX-500-PATTERN-11-05-2018.png>
SPX-500
<https://3.bp.blogspot.com/-b8izP6UH9IY/WvkLDb4mQ6I/AAAAAAAAP9Q/YxOlseB_JRgFtbUrR8RPu90_J56mkG3IgCLcBGAs/s1600/WTI-PATTERN-11-05-2018.png>
WTI
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
