Re: {LONGTERMINVESTORS} News & Misc. items - Thread

 Market Outlook:

• Indian markets are likely to open weak and trade with a negative bias today.
• From Intraday perspective, Nifty likely to witness selling pressure below 7820 for potential downside till 7770 while buying interest to emerge above 7940 for upside till 8000.

News Flow:

• NIIT Ltd has been awarded a contract to provide Managed Training Services (MTS) to Oshkosh Corporation.
• TTK Prestige Limited has announced its entry into the Indian home cleaning market. The new segment promises a burgeoning market of INR 2500 crore.
• Rajesh Exports has bagged an export order of about Rs 780 crores of fashionable range of gold and diamond decorated jewellery and medals from Singapore.
• HCL Technologies has posted consolidated revenues for the third quarter ended March 31, 2016 climbed by 1.3%, quarter-on-quarter to USD 1,587 million led by a 3.7% growth in its Americas business. However, net income dropped 2% from the December quarter to USD 285 million in Q3
• Gati Ltd reported a rise of 37% in it's consolidated net profit after taxes (PAT) at Rs 15.54 crore for the fourth quarter ended March 31, 2016.

Stock Idea:

Recommendation: Dabur India Ltd

Suggested Range: Buy around INR 269

Target: INR 281 and 285

Holding Period: upto 10 days

Stop loss: INR 262

Technical Rationale: Dabur India has witnessed a sharp rise from 245 to 275. Since past few trading sessions it has been consolidating in the range of 262 to 275. In Thursday's trading session it has found support again at the lower end of the range i.e. around 262 and has started to move up again.  The relative strength index has witnessed a turnaround from levels of 40 which is a bullish sign for the stock. The sideways consolidation is expected to break on the upside and reach levels of 281 and 285 which are the previous swing highs.

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