Nifty Future and Option Tips for Today – Expert Prediction (3rd August)

Benchmark indices fell further in morning, with the Nifty breaking 10,050 level, weighed by banking & financials stocks. The 30-share BSE Sensex was down 167.35 points at 32,309.39 and the 50-share NSE Nifty fell 47.40 points to 10,034.10. About 1,181 shares declined against 721 advancing shares on the BSE.Some buying activity is seen in Telecom, Utilities and Realty indices, while Metal, Power and FMCG indices are showing weakness on BSE. IOC, Lupin and BPCL are among the gainers while Yes Bank, Kotak Mahindra Bank and Bank of Baroda are losing on the NSE.

Stock Tips for Today

MTNL
Telecom minister has said that there is no plan for merger with MTNL BSNL. MTNL is in big debt while the performance of BSNL is improved.

IOC / BPCL / HPCL
Work has begun to finish the subsidy on kerosene. Now the oil companies will raise 25 paise per liter every 15 days. The money will be increased till the subsidy is over.

Bata
In the first quarter of fiscal year 2018, Bata’s profits increased 19.7 percent to Rs 60.4 crore. In the first quarter of FY 2017, Bata’s profit was Rs 50.5 crore.
In the first quarter on the basis of the first quarter, Bata’s EBITDA has increased from Rs 85.1 crore to Rs 95.5 crore. In the April-June quarter on the year-on-year basis, the EBITDA margin of Bata has increased from 12.8 per cent to 13 per cent.

Reliance infra
In the first quarter of fiscal year 2018, Reliance Infra’s profits declined 23.8 percent to Rs 334.2 crore. In the first quarter of fiscal year 2017, Reliance Infra’s profit was Rs 438.8 crores.

MRPL
According to the CAG audit report on MRPL, the company has lost a deficit of Rs 13.7 crore till September 2016. The reason for the deficit is not to hedge ECB loan. According to the report, MRPL kept Rs 768.46 crore in non-interest current account.

Nifty Future and Option Tips for Today – Expert Prediction (3rd August)

BUY BALRAMCHINE FUTURE ABOVE 172 TARGETS 172.7 , 173.4 , 174.1 STOPLOSS 170.6
BUY NTPC FUTURE ABOVE 173 TARGETS 173.6 , 174.2 , 174.8 STOPLOSS 171.8
SELL GODREJCON FUTURE BELOW 919 TARGETS 916 , 913 , 910 STOPLOSS 925