Market Update: Nifty – Bank Nifty Trading Tips for the day of 11 December 2017

Bank Nifty Trading Tips for the day of 11 December 2017: Equity benchmarks rallied further in morning as the Sensex was up 172.61 points at 33,422.91 and the Nifty rose 51.10 points to 1,0316.80.

Bank Nifty Trading Tips for the day of 11 December 2017

About 1,437 shares advanced against 572 declining shares on the BSE.

Check: Share market intraday trading tips

While maintaining buy call on Bharti Airtel with a target price of Rs 575 per share.

HSBC said it believes its operations in Africa have further upside.

The stock gained nearly 2 percent.

Bank Nifty Trading Tips for the day of 11 December 2017

The company may be keen to unlock value in its African operations sooner rather than later, according to the research house.

HSBC estimates FY17-20 revenue CAGR at 1.4 percent and EBITDA CAGR at 11.1 percent for Africa operations.

Catalysts for Africa are improvement in revenue growth, particularly from data, it said.

The downside risk to our outlook for African operations is lower capex spend.

India remains the priority for Bharti Airtel. Company may lower Africa capex if India recovery is delayed beyond FY19, HSBC feels.

Bank Nifty Trading Tips for the day of 11 December 2017

Nifty Future: Buy Nifty Future 28 Dec 2017 contract around 10315 stop loss 10292 target 10335 – 10355

Bank Nifty Future: Buy Bank Nifty Future 28 Dec 2017 Contract around 25450 stop loss 25380 target 25510 – 25550

Source: Moneycontrol

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