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23 JUNE 2017 : - Market is giving some signs of weakness after continuous strength but 9580 is sacrosanct mark from both derivative and technical perspective where if Nifty slips below 9580 mark then we can see a near term correction towards 9450 mark where 9530 would be intermediate support level while if nifty manages to bounce back once again from here then bulls will try with full force to take out 9700 mark for another leg of rally. >> http://bit.ly/1W2zyoy

22 JUNE 2017 : - Market is again consolidating in 9600-9700 band due to global weakness. FIIs are buying puts ahead of expiry which could be a directional call or hedging to tackle uncertainty where 9580 has become sacrosanct mark; if Nifty slips below this level then we could see near term weakness in the market otherwise bulls will remain active in the market where above 9700 there is a chance of another leg of rally. >> http://bit.ly/1W2zyoy

21 JUNE 2017 : - SGX Nifty is suggesting a weak opening in the market but 9625 is an immediate support, need to watch out for while 9580 is a sacrosanct support mark, till then bulls don’t have any kind of problem. If Nifty manages to bounce back from 9625 level immediately after a gap down opening then it will be a good buying opportunity otherwise we may see some more weakness towards 9580. Any major weakness is expected only below 9580 mark while a decisive move above 9700 may lead a stellar move towards 9800 level. >> http://bit.ly/1W2zyoy

20 JUNE 2017 : - Nifty witnessed breakout after 9-days of consolidation as bulls got opportunity to surprise bears near support of 20-DMA. 9700 will act as an immediate resistance from F&O perspective but above this we can expect a short covering rally towards 9800 level while base has shifted to 9600 mark. If market witnesses intraday consolidation or a dip around 9630 then it would a buying opportunity. >> http://bit.ly/1W2zyoy

19 June 2017 : - Nifty has seen 9 days of correction and trading near sacrosanct support levels of 9565/9535 where we can expect a smart comeback by bulls at any point of time. In upside 9625-9655 is immediate and crucial resistance zone; above this we can expect a stellar move towards new all time high while if nifty slips below 9535 mark then short term weakness can be expected towards 9450 level. >> http://bit.ly/1W2zyoy

to set up 87 control rooms to address dealer issues on daily price revision
Indian Oil says
-Ensuring that 90 percent supplies reach dealer's fuel station within 24 hours
-Customers can access Indian Oil's mobile app Fuel@IOC for daily rates
-Started trial run for daily price revision at all petrol pumps in India

stake sale: Sources
-Government may be looking to sell stake in Shipping Corporation Of India
-NITI Aayog recommends divesting stake in SCI
-Recommendation to soon be sent to cabinet committee of economic affairs
-NITI Aayog recommends government to cut holding in company from current 63.75 percent to 25 percent
-Core group of secretaries discussed divestment in SCI on June 2
-Core group of secretaries asked shipping ministry to assess legalities
-NITI Aayog recommends government to sell 26 percent stake in SCI in 1st round
-NITI Aayog after round 1 of divestment government should transfer management control
-NITI Aayog recommends divesting government stake in SCI in multiple tranches
-NITI Aayog says government need not run SCI as industry now competitive
-NITI Aayog says SCI imports only a fraction of crude oil
-NITI Aayog says globally, private companies involved in crude oil imports

Other stocks and sectors that are in news today:

- gets US FDA nod for fungal infection drug, Itraconazole Capsule

- gets tentative US FDA nod for Bendamustine Hydrochloride injectable (used to treat different types of cancer)

- Engineers - SEBI seeks clarification on cancellation of Vascon deal with Lodha arm: ET

- Power/Welspun Enterprises in focus - Tata Sons may put Welspun deal under lens: ET

- Home Finance raises Rs 272 crore from IFC

- Reddy's Labs recalls 3.25 lakh cartons of Cipla made drug

- to help Usha Martin wade through debt: BS

- eyes 3 million tonne coal output in FY18

- puts Central Bank of India under prompt corrective action in view of high NPA and negative return on assets

- Infra board meeting for results postponed to June 18

- bags order from Finnish company Valmet for IT applications managed services

- -Kingfisher loan case - ED files 1st prosecution complaint against Vijay Mallya & others in money laundering case >> http://bit.ly/1W2zyoy

see a soft start on Fed rate hike, Trump probe; Nifty tests 9,600 >> http://bit.ly/1W2zyoy

-Reliance Communications-Brookfield tower deal likley to close by next month
-Company said to approach Citic for sale of GCX business

Motors
-Appoints Girish Wagh as head of commercial vehicle business & member of executive committee
-Girish Wagh will take charge of new responsibilities with immediate effect

-Girish Wagh will continue to oversee M&HCV business
in focus
-SEBI issues guidelines on options on commodity futures trading
SEBI
-Bourses allowed to launch one option contract on pilot basis
-Rs 1,000 crore daily turnover must for non-farm options
-Rs 200 crore daily turnover must for options on farm futures
-Options to be allowed only for top 5 traded commodity futures

-Position limits in commodity futures, options to be separate
Greaves Cotton

-Inks pact with Pinnacle Engines to grant license

-Grants license for manufacturing & sale of internal combustion engines

Reddy's Laboratories
-API manufacturing plant at Miryalaguda receives EIR from the US FDA

-Miryalaguda manufacturing plant was issued Form 483 with 3 observations on February 21

Other stocks and sectors that are in news today:
- gets tentative US FDA nod for Saxagliptin tablets (used for treating type-2 diabetes)

- & Mahindra approves sale of part shareholding in Mahindra Logistics through IPOs

- Energy appoints Prashant Jain as MD & CEO

- Leyland allots 8.06 crore shares of Ashok Leyland to shareholders of Hinduja Foundries

- acquires Drivestream inc, a management and IT consulting firm specializing in Oracle Cloud services

- Steel reports crude steel production at 13.57 lakh tonnes for May 2017, growth of 1 percent YoY

- Global signs an agreement for co-branding and distribution of equity research with DBS Vickers

- partners with BEC, a leading provider of automated data capture and voice solutions

- Transmission releases pledge on 3.03 crore shares

- board meeting for approval of results adjourned to June 14

- - CARE upgrades long term bank facilities to BBB+

- board meeting on June 20 to consider and approve merger of Magma Advisory Services

- flags activist shareholders as risk in SEC filing

- to get out of its Kasargod JV: FE

- arm Nakshatra gets SEBI nod for an IPO

- to exit ICEX, sell residual 9.5 percent stake: BS

- 's revenue from client EY dips: ET

- , Steel, , and may be the first set of companies facing bankruptcy proceedings: Mint >> http://bit.ly/1W2zyoy

, open flat ahead of Fed meet outcome; Dr Reddy's up 2% >> http://bit.ly/1W2zyoy

13 JUNE 2017 :- Nifty is showing some signs of weakness but this the market where bulls can comeback aggressively at any point of time. Technically 9580 is an immediate support while 9530-9500 is sacrosanct support zone where nifty may attract strong bulls. In upside 9650 is immediate and critical resistance level; Nifty needs to sustain above it to pick up buying momentum for new high.>> http://bit.ly/1W2zyoy

12 JUNE 2017 :- Nifty is likely to open gap down on the back of weak Asian cues but 9580 is critical support level need to be watch out for where if nifty slips below 9580 mark then we may see a very short term correction towards 9530-9500 support zone and that would be again a great buying opportunity for bulls. Intraday traders are advised to wait for first 45 minutes where if nifty manages to sustain above high made before 10am then we could again see a positive momentum in the market. >> http://bit.ly/1W2zyoy