Trading Strategy share price target

Nifty futures has rolled around 70% vs 58% with respect to last month, and the open interest for the new October contract is higher by around 40 lkh implying cautious outlook or fresh short rollovers at around 10000 levels. BankNifty futures rolled at around 65% vs 68% compared to last month. However the open interest of BankNifty in this series is less by around 5 lkh, due to the short covering seen in the second half of the expiry day.

Nifty futures have rolled around 58% vs 68% with respect to last month, and the Open Interest for the new September contract is lower by around 7lkh implying cautious outlook or profit booking at 10000-10100 levels. BankNifty futures have rolled at around 68% vs 76% compared to last month. However the Open Interest of BankNifty futures in this September series is also less by around 8lkh, implying long unwinding.

NII fell to Rs. 17606.01 Cr in Q1FY18 compared to Rs. 18070.72 Cr in Q4FY17 NII fell to Rs. 17606.01 Cr in Q1FY18 compared to Rs. 18070.72 Cr in Q4FY17

Nifty futures has rolled around 68% vs 73% with respect to last month, and the open interest for the new Aug contract is lower by around 30 lkh implying cautious outlook or profit booking at 10000 levels. BankNifty futures rolled at around 76% vs 69% compared to last month. However the open interest of Bank nifty in this series is more by around 2.5 lkh, implying fresh long build up.

Top picks : PI industries and Rallis India FY18 started on a good note, on account of normal monsoon expectations, pick-up in sowing and increase in Minimum Support Price (MSP). However, GST implementation caused some disruption in 1QFY18E, owing to lower inventory build-up by dealers/retailers. We expect muted growth in the domestic agrochemical industry. However, companies with a focus on the export market are preferred, owing to geographical diversification. In our coverage, companies like PI Industries, Dhanuka and Insecticides India will report single-digit revenue growth of 5-8%, whereas UPL and Rallis India are expected to report growth of 10-13%

Nifty futures has rolled around 73% vs 74% with respect to last month, and the open interest for the new July contract is almost at par to last month. BankNifty futures rolled at around 69% vs 61% compared to last month. However the open interest of BankNifty in this series is lesser by around 9 lkh, implying no clear direction and hence possibly a range bound session in the first half of July.

Todays expiry turned out volatile in the second half of the day in spite of rollovers staying above normal in the index.

Niftys D-2 rollover figures currently stand at 57% much above the average of 50% on D-1 basis.

Revenue rose by 16.97% to Rs. 1144.98 Cr in Q4FY17 when compared to the previous quarter. Revenue rose by 16.97% to Rs. 1144.98 Cr in Q4FY17 when compared to the previous quarter.

Nifty futures has rolled around 74% vs 66% with respect to last month, and the open interest for the new June contract is down by around 6 lkh due to long unwinding of nifty futures positions, in the last few days before expiry. BankNifty futures rolled at around 61% vs 77% compared to last month.