Top 3 elements which will graph Stock Market Direction next Week

SEBI Registered Company in Indore

The Nifty took a breather after hitting a record high of 9,218 in the earlier week and closed 0.56 percent bring down for the week finished March 24, 2017. The S&P BSE Sensex ended 0.7 percent lower at 29,421.40 in the same period.

The S&P BSE midcap index closed 0.3 percent lower, while the S&P BSE Smallcap index ended 0.4 percent higher for the week ended March 24.

The market is consolidating in a narrow range close to its critical support level, which still warrants some alert as a breakdown could take the index towards even lower levels from here. However, a breakout, could take the Nifty towards 9,218-9,250 level and beyond.

Sebi bans RIL from equity derivatives

Come Monday morning, Reliance Industries (RIL), the nation’s second most valued firm will be in focus after the Securities and Exchange Board of India (SEBI) on Friday prohibited RIL and 12 others from equity derivatives trading for one year and directed the firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.

March F&O expiry

Stock Future Tips The stock exchange is expected to stay volatile in front of the expiry of March month’s contract as traders roll over their derivative positions (Futures & Options (F&O)) segment from the near-month March 2017 series to April 2017 series.

Take Advantage Of Mutual Funds File Papers With Sebi For 10 New Offerings In January - Read These Tips

Mutual funds gaining traction among retail investors, asset management companies have recorded draft offer reports with market regulator Sebi for as many as 10 new plans this month.

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Equity, debt and fixed maturity plans (FMPs) are some of the themes for which the MF houses have documented the applications.

ICICI Prudential MF, Reliance MF, DSP BlackRock MF, SBI MF, HDFC MF and IDFC MF have filed the offer documents for new fund offers (NFOs) with the Securities and Exchange Board of India (Sebi).

The plans will be opened for membership soon after the necessary clearance.

According to market participants, fund houses are in a rush to dispatch new plans given increased interest among retail investors, and the recent fund launches have evoked good response.

Mphasis, NLC India up 5-7%

Share price of Mphasis and  NLC India  (earlier known as Neyveli Lignite Corporation) gained 5.6 and 7.2 percent respectively on Friday as companies going to consider the buyback of its equity shares. 

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Mphasis' board meeting will be held on January 31, to consider a proposal for buyback of the equity shares in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (buyback of Securities) Regulations, 1998. 

NLC India also consider matters related to buyback of fully paid equity shares of the company including matters related/incidental thereto and any other matter as the board of the directors may decide during the course of the meeting, in the board meeting scheduled to be held on January 31. 

At 09:26 hrs Mphasis was quoting at Rs 559.50, up Rs 24.95, or 4.67 percent on the BSE. 

NLC India was quoting at Rs 98.50, up Rs 5.15, or 5.52 percent, touched a 52-week high of Rs 100.10 on the BSE. 

NCDEX Announces Commencement of Trading in Castor Seed Futures

Intraday Calls on Stock Future BUY DHFL FUTURE

ABOVE 246.00

Target1-247.00

Target2-248.70

StopLoss-244.00.

NCDEX announces commencement of trading in Castor seed futures 

The National Commodity and Derivatives Exchange Ltd. (NCDEX), India’s leading commodity exchange, today announced the commencement of trading in Castor seed futures. MCX Free Tips- The Exchange has received approval from SEBI for re-launching of the contract after its suspension in January 2016. 

Castor seed contract (Symbol : CASTOR) expiring in the months of February 2017, March 2017, April 2017 and  May 2017 would be available for trading from January 5, 2017 The contract specifications are available on www.ncdex.com. 

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