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Capitalstars update : Over 10 lakh traders to protest against Walmart-Flipkart deal on July 2: CAIT

The Confederation of All India Traders (CAIT) on Friday said that more than 10 lakh traders will join in a "Protest Dharna" at 1,000 locations across the country against the Walmart-Flipkart deal on July 2.

In a joint statement, the confederation's National President B.C. Bhartia and Secretary General Praveen Khandelwal said: "e-Commerce market place has been vitiated to a great extent in past years by several leading e-Commerce companies by indulging into all kinds of mal-practices including predatory pricing, deep discounting and loss funding". 

"The Walmart Flipkart Deal will prove to be one step further in capturing the retail trade through the passage of e-Commerce," the statement said.

"Particularly at a time when there is no policy of e-Commerce, it would be a cake walk for Walmart to circumvent the FDI policy... of 2016. Therefore stiff and strong opposition to this deal is necessary to protect retail trade of India."

The confederation has already approached the Competition Commission of India (CCI) against the deal and "if need arises we shall challenge the deal in court of law including highest court". 

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CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS 29 JUNE 2018

CS OPENING BELL:

NIFTY SPOT UP 39@ 10,628

SENSEX SPOT UP 112@ 35150

BANK NIFTY FUTURES SPOT UP 113@ 26,352

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* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CAPITALSTARS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS 28 JUNE 2018

CS OPENING BELL:

NIFTY SPOT DOWN 21@ 10,650

SENSEX SPOT DOWN 30.70@ 35186

BANK NIFTY FUTURES SPOT DOWN 35@ 26,356

                                                                                                      HAPPY TRADING!!!!!!!!!!!

CS NIFTY FUTURES (JUNE ) OVERVIEW

TREND BEARISH

RES2: 10780

RES 1:10710

SUP1:10580

SUP2:10530

CS BANK NIFTY FUTURES (JUNE ) OVERVIEW

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RES 2: 26830

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647