DR Reddy & Reliance Capital Future Technical View By Stocks Expert

Mr. Vivek Rana  (Research Head) of MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD is having a view that one can go long in Relcap Future and short Dr Reddy Future.

DR. REDDY FUTURE- is looking weak on Daily Charts. We can expect it to further tumble to levels around Rs 1980 zones; keep stop loss above Rs 2100."

RELCAPITAL FUTURE -  has seen a good up move for a couple of days. It has seen a good up move yesterday as well; it can climb to levels closer to Rs 840 zone, keep stop loss below Rs 760."

Stocks in focus today ahead of Q1 earnings, Trading Strategy with best stock advisory

These stocks are in focus on Wednesday, 9 August 2017, after earnings release and major announcements:
Tata Chemicals yesterday reported a 14% fall in consolidated net profit at Rs 177.9 crore for the first quarter ended June 30, 2017.
GSK Consumer Health-care has announced 17.6% decline in standalone net profit at Rs. 132.23 cr, for the quarter ended June 30, 2017.
 Jindal Steel & Power Ltd has reported narrowing of its consolidated net loss at Rs 420.4 crore in the three months ended June 30.
The largest Gold financing co, Muthoot Finance Ltd has reported a raise of 305 in net profit at Rs 351 cr, for the first quarter ended June 30, 2017.
Jagran Prakashan, the leading publisher has reported a 5.48% increase in consolidated net profit at Rs 88.70 cr, for the June quarter.
Axis Bank, on 8 Aus 2017 has cut the interest rate on S.B accounts by 50 bps to 3.5% for deposits up to Rs 50 lakh, even if it will continue to pay 4% interest on deposits of above Rs 50 lakh.

Sintex Plastics Technology shares up 5% on listing day, Money Maker Research

Shares of Sintex Plastics Technology focus the Exchanges today subsequent on its demerger from Sintex Industries Ltd. The shares were trading up by more than 5 percent on listing day. After the demerging, Sintex Industries to carry the Textile & Spinning business and Sintex Plastics Technology to carry plastics business. The share-holding pattern of Sintex Plastics reflects the shareholding pattern of Sintex Industries, with more than 30 percent equity stake owned by the promoters.

The Shares of Sintex Industries had advanced by more than 7 percent yesterday, 7 August 2017, prior to the listing of Sintex Plastics Technology. The equity shares of Sintex Plastics Technology are set to trade in this sector for 10 trading days. The stock was trading at Rs 124.5 on NSE, today morning.

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