*Updated: 08:20*
*
*
SGX-NF: 10645 (-31; -0.29%)
Expected BNF opening: 26425 (-0.30%)
SPX-500: 2719 (+1; +0.05%)
*Fut-I (Key Technical Levels)*
*
*
Support for NF:
10620/10600*-10570/10550-10490/10405-10365/10340
Resistance to NF:
10655/10675-10720*/10750-10800/10875-10935/10955
Support for BNF:
26350/26125*-26000/25800-25600/25500-25350/25150
Resistance to BNF:
26650/26825*-26950/27050-27150/27250-27500/27650
Support for SPX-500:
2715/2695*-2675/2655-2625/2610
Resistance to SPX-500:
2745/2760*-2775/2805-2820/2855
*Technical View (Nifty, Bank Nifty, SPX-500):*
Technically, Nifty Fut-I (NF) has to sustain over 10675 for a further
rally to 10720/10750-10800/10875-10935/10955 in the near term (under
bullish case scenario).
On the flip side, sustaining below 10655 NF may fall to
10620/10600-10570/10550-10490/10405 in the near term (under bear case
scenario).
Technically, Bank Nifty-Fut (BNF) has to sustain over 26650 for a
further rally to26825/26950-27050/27150-27250/27500in the near term
(under bullish case scenario).
On the flip side, sustaining below 26600 BNF may fall to
26350/26125-26000/25800-25600/25500 in the near term (under bear case
scenario).
Technically, SPX-500 now has to sustain over 2760 for a further rally
to2775/2805-2820/2855-2880/2895in the near term (under bullish case
scenario).
On the flip side, sustaining below 2745, SPX-500 may fall to
2725/2715-2695/2675-2655/2625in the near term (under bear case scenario).
*Valuation metrics:*
*
*
Nifty-50: 10689; Q3FY18 EPS: 403; Q3FY18 PE: 26.52; Avg FWD PE: 20; Proj
FY-18 EPS: 418; Proj Fair Value: 8360
Bank Nifty: 26614; Q3FY18 EPS: 807; Q3FY18 PE: 32.98; Avg FWD PE: 20;
Proj FY-18 EPS: 961; Proj Fair Value: 19220
SPX-500: 2721; TTM Q4-2017 EPS: 111; TTM PE: 24.51
*Note:*Negative opening on EU political crisis from Italy to Spain and
also Brexit. The Asian market is also under stress on lower oil and
USDJPY coupled with renewed concern about the success of the US-North
Korea summit due to hard negotiation stance by the US, such as shipping
out all the Nukes and missiles out North Korea.
For the Indian market, oil will be in focus apart from a deluge of
earnings and also politics. As par Russian President Putin’s preference,
oil (WTI) seems to get technical support around $65 level and in that
scenario, oil could again boil towards $75. Brent oil is also trading
around now around $75 and even if it stays in the $75-85 levels for few
months, then it could spell a disaster for the Indian macros.
In politics, all eyes will be on the by-poll results on Thursday to see
whether INC is making any progress. But ongoing political squabbling in
the INC-JDS coalition government in Karnataka regarding the allocation
of ministries, especially the Finance ministry not a good sign at all
for the “united oppositions” or so-called “Federal Front”. That may be
positive for the BJP in the 2019 general election.
JDS (CM) Kumarmangalam commented on Monday that his government is not
chosen by the people of Karnataka, but by the INC. This may be an
indication of a rift between INC and JDS, although such political
squabbling is natural in the Indian politics. But the market may have
also got some boost on such rift in the “opposition unity”.
GLOBAL MARKETS ANALYSIS: <https://www.iforex.in/news>
FOLLOW ME: TWITTER.COM/ASISIIFL
<https://2.bp.blogspot.com/-nhgfs8C64BQ/WwzTO65NZ1I/AAAAAAAAQF0/f3WukXymlb8Cg_WHD2YJUUzd1qhPH4pYACLcBGAs/s1600/SGX-NF-FIBB-28-05-2018.png>
NIFTY-SGX-NF
<https://3.bp.blogspot.com/-9Fxo9QHOEGg/WwzTWvUCyeI/AAAAAAAAQF4/jSw9aeCKqD4mgHkhlondsGJIkGYHdyIlwCLcBGAs/s1600/BNF-FIBB-28-05-2018.png>
BANK NIFTY-BNF
<https://2.bp.blogspot.com/-8Xd0mR3Ewr0/WwzTdsiIQcI/AAAAAAAAQF8/nrRFloFZ_3cj7dVY2X524jBwVPlqWXh6QCLcBGAs/s1600/EURUSD-PATTERN-28-05-2018.png>
EURUSD
<https://4.bp.blogspot.com/-7rRtPRS9nZw/WwzTiszgXaI/AAAAAAAAQGA/4aPXDrywWgcSXQuDI0_hIbi-Pj8Dk9OzACLcBGAs/s1600/WTI-28-05-2918.png>
CRUDE OIL/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.
