Friday, 26 July 2019

Our Yes Bank Call Hit Target again.....Patience wins Bears Loose against IndianMarketPulse

  
 

On 24th July 2019 we had given a call to Buy Yes Bank  Future call (29-Aug) around premium of 91--90 for the target of 96+ ........

Look at the call as Today it made a high of  97.20  and now trading at 96.30.

Patience wins the trade.......

We made profit of Rs  11000 on 1  Lot........

This call was also given in cash segment also..

Hope You Minted Profit.

This call was given free on our blog and also along with chart analysis and all technical levels.

WE ARE STILL HOLDING FOR TARGET OF 106....ARE YOU???

Still Looking for trade or confused!!..............Don't Worry Join Our Team......

KEEP TRADING FOR FREE>Just Click on  link below


or

 E-Mail Us at indianmarketpulse@gmail.com 

MORE WILL UPDATE SOON!! 

Important Levels:

  Image result for Marketoutlook

26th July Strategy:

Global: Neutral
FII: Neutral
DII: Neutral
F&O: Neutral
‪Sentiment: Negative
Trend: Negative

Nifty 11225-11275 small day range, Medium range 11200-11300. Bigger Range 11100-11350

BankNifty 28925-29125 small day range, Medium range 28850-29250, Bigger range 28500-29350

Fresh downside risk opens if Nifty trades below 11200 n BankNifty below 28800

For Existing Long Positions:

Nifty intraday n closing SL 11200
BankNifty intraday n closing SL 28800

For Existing Short Positions:

Nifty intraday n Closing SL 11375
BankNifty intraday n Closing SL 29300

For New Positions:

Sell Nifty in 11325-11350 range:
SL 11400 Tgt 11300, 11275, 11250

Buy Nifty near 11200:
SL 11175 Tgt 11250, 11275

Sell BankNifty in 29200-29250 range:
SL 29350 TGT 29125, 29075, 28950

Buy BankNifty in 28850-28900 range:
SL 28800 TGT 29050, 29200, 29250

PCR 1.37
 VIX 12.63

SGX Nifty is at 11,282, down 19 points. Expect pull back today as over sold conditions set up broader markets  for a rally.
Nifty saw another weak day after a solid start with short covering pulling the indices to almost 100 points higher in the morning. Expiry of derivative contracts took its toll as volatility and weak sentiment dragged the index lower for the 6th consecutive day to end down 20 points. The undertone seems weak as consumption stocks and blue chips NBFCs bear the brunt of heavy foreign selling. Autos, metals and PSU banks were the main losers while pharma and IT led the gainers.

US Market: US markets close with losses on the back of reaction to earnings with profit booking emerging after scaling fresh all time highs. US$ witnesses strength which sees bond yields rise to 2.10%. Oil prices continue to trade range bound closer to Brent at US$63. Federal Reserve rate cut will set the tone for markets globally with 25 basis points cut built in and guidance being the key.

Asian Market: Asian indices opened weak with the Japanese Nikkei trading lower by nearly 100 points.The Asian indices have been seeing very range bound trade with a negative bias as growth numbers are seeing visible threat of slowdown with consumption spending at the lowest in last 3 years. For today, expect weekend blues to see quiet trade as all attention shifts to US Central bank on rates.

Important results today: Maruti, Bajaj Auto, Punjab National Bank, Vedanta, JSW Steel

Jubilant Life Sciences, Mangalam Drugs, Music Broadcast, Teamlease Services, KPIT Technologies will be announcing its Q1 numbers.

Quarterly Results Quarterly results that are expected today include Maruti Suzuki India, Bajaj Auto, Punjab National Bank, Vedanta, JSW Steel, Tilaknagar Industries, Supreme Petrochem, Usha Martin, Polycab India, ABB India, Oriental Carbon, Elecon Engineering Company, Astec LifeSciences, Plastiblends India, Atul, Kalyani Forge, Balaji Amines, Confidence Petroleum India, VST Industries, Puravankara.

Jubilant Life Sciences, Mangalam Drugs, Music Broadcast, Teamlease Services, KPIT Technologies, Aarti Drugs, Vodafone Idea, DIC India, Indraprastha Medical Corporation, Bajaj Holdings, Alicon Castalloy, Mahindra Lifespace Developers will be announcing its Q1 numbers.

Here is the street expectation for the companies:

Maruti Suzuki Consensus estimates for Q1FY20E:
Revenue – Rs 19,373cr, down 14 yoy, 18% yoy volume decline due to weak demand, expect ASP to improve on qoq basis.
EBITDA – Rs 2,129cr, down by 36.5% yoy; due to negative operating leverage, higher discounts and weak INR.
EBITDA Margin – 11%, contraction of 390bps yoy.
Profit – Rs1,634cr, down 17% yoy; higher investment income to limit PAT decline, despite an estimated 36.5% yoy fall in EBITDA.
Bajaj Auto Consensus estimates for Q1FY20E:
Revenue – Rs7,460cr, flat yoy, mere 2% yoy volume growth amid weak demand environment, expect overall ASP to fall 3.5% qoq.
EBITDA – Rs1137cr, down by 11% yoy; due to aggressive pricing in 2Ws and weak mix.
EBITDA Margin – 15.2%, contraction of 202bps yoy.
Profit – Rs1,093cr, down 2% yoy; higher investment income to limit PAT decline to 2% yoy, despite estimated 11% yoy fall in EBITDA.
JSW Steel consensus estimates for Q1FY20E:
Consolidated Revenue – Rs21,053cr, flat on yoy basis owing to flattish volumes and slightly lower realisations.
EBITDA – Rs3,719cr, down 27.2% yoy, on lower realisations and higher ore prices.
EBITDA Margin – 18.1%, contraction of ~680bps yoy
PAT – Rs1,094cr, down 53.8% yoy

MORE WILL UPDATE SOON!!

Rupee opens lower at 69.12 per dollar

On July 25 the Indian rupee ended 6 paise lower to close at 69.04 against the US dollar on the back of sustained foreign fund outflows and firm crude oil prices.

 

The Indian rupee opened lower by 8 paise at 69.12 per dollar on Friday versus Thursday's close 69.04.

On July 25 the Indian rupee ended 6 paise lower to close at 69.04 against the US dollar on the back of sustained foreign fund outflows and firm crude oil prices. The weakness in the domestic equity markets and a strengthening greenback puts further weigh on the local currency.
The dollar-rupee July contract on the NSE was at 69.05 in the previous session. Open interest declined 14.47% in the previous session, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.

MORE WILL UPDATE SOON!!

Top buy and sell ideas

Nifty closed below 11,300 level ahead of F&O expiry, as bears seem to be not in a mood to give control of Dalal Street to bulls. Banks, auto, metals, pharma and select technology stocks dragged benchmark indices.
 Image result for trade of the day
The BSE Sensex was down 135.09 points at 37,847.65 while the Nifty50 declined 59.70 points to 11,271.30 and formed bearish candle on daily charts.
As the index fell below 200-day exponential moving average (11,297), there could be more sellling pressure with a bit of volatility in coming session, experts feel.
The selling pressure was more in broader markets as the Nifty Midcap and Smallcap indices fell 1.5 percent each. About two shares declined for every share rising on the NSE.
According to the pivot charts, the key support level is placed at 11,214.13, followed by 11,156.97. If the index starts moving upward, the key resistance levels to watch for out are 11,344.13 and 11416.97.
The Nifty Bank closed at 28,952.25, down 175.85 points on July 24. The important pivot level, which will act as crucial support for the index, is placed at 28,797.99, followed by 28,643.8. On the upside, key resistance levels are placed at 29,179.39, followed by 29,406.6.
TRADE IDEAS:
Buy Lupin with a stop loss of Rs 768, target of Rs 790
Buy ICICI Prudential with a stop loss of Rs 395, target of Rs 412
Sell Tata Motors with a stop loss of Rs 148, target of Rs 136
Sell Bajaj Finance with a stop loss of Rs 3100, target of Rs 2950
Sell HPCL with a stop loss of Rs 272, target of Rs 258
Sell JSW Steel with a stop loss of Rs 253 and target of Rs 236
Sell Reliance Industries with a stop loss of Rs 1246 for target of Rs 1200
Buy Pidilite Industries with a stop loss of Rs 1215 for target of Rs 1270
Buy Power Grid with a stop loss of Rs 209 for target of Rs 221
Buy Dr Reddy's Labs with target at Rs 2700 and stop loss at Rs 2620
Buy Tata Chemicals with target of Rs 607 and stop loss at Rs 595
Sell BPCL with target at Rs 335 and stop loss at Rs 345
Sell NMDC with target at Rs 100 and stop loss at Rs 110
MORE WILL UPDATE SOON!!

Market Headstart: Nifty likely to open lower; Power Grid, SPARC top buys

Trends on SGX Nifty indicate a flat opening for the broader index in India, a with 0.50 percent gain. Nifty futures were trading around 11,325.50-level on the Singaporean Exchange.

Image result for trade of the day

The Nifty50 is expected to open lower on Friday tracking Asian markets which were trading mixed after the European Central Bank held interest rates steady.
Overnight, US markets closed lower following a flurry of downbeat quarterly results. European Central Bank chief Mario Draghi’s comments also disappointed investors who were hoping for a more dovish stance on monetary policy, said a Reuters report.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a with 0.50 percent gain. Nifty futures were trading around 11,325.50-level on the Singaporean Exchange.
Indian markets closed lower for the sixth consecutive day in a row on Thursday. The S&P BSE Sensex fell 16 points to 37,830 while the Nifty50 closed 19 points lower at 11,252.
The rupee depreciated by 6 paise to close at 69.04 against the US dollar on Thursday amid sustained foreign fund outflows and firm crude oil prices.
On the institutional front, FPIs were net sellers in the Indian markets for Rs 126 cr while the DIIs were net buyers to the tune of Rs 398 cr, provisional data showed.
Stocks in news:
Tata Motors, on July 25, posted a big loss of Rs 3,698 crore in June quarter on weakness in domestic as well as Jaguar Land Rover volumes.
Multiplex chain operator PVR Ltd on July 25 reported a consolidated net profit of Rs 16.18 crore for the first quarter ended June 30. The company had posted a net profit of Rs 52.15 crore for the same quarter a year ago.
Bajaj Finserv on July 25 reported a 2 percent rise in its consolidated net profit to Rs 845.30 crore in the first quarter ended June 30. The company had registered Rs 825.80 crore net profit in the April-June quarter of previous fiscal.
Technical Recommendations:
We spoke to IIFL and here’s what they have to recommend:
Power Grid: Buy| Target: Rs228| Stop Loss: Rs 205.5| Upside 7%
SPARC: Buy| Target: Rs 176| Stop Loss: Rs 157| Upside 8%
HPCL Aug Futs| Sell| Target: Rs 252| Stop Loss: Rs 276| Downside 6%
MORE WILL UPDATE SOON!!

Stocks in the news: Tata Motors, Bank of Baroda, Biocon, PVR, Trident, TRF, Techno Electric

Biocon | South Indian Bank | PVR | Trident | TRF | Techno Electric | Shriram Transport Finance and Maruti Suzuki are stocks which are in the news today.

  Image result for stocks to buy

Here are stocks that are in the news today:
Results on July 26: Maruti Suzuki India, Bajaj Auto, Punjab National Bank, Vedanta, JSW Steel, Tilaknagar Industries, Supreme Petrochem, Usha Martin, Polycab India, ABB India, Oriental Carbon, Elecon Engineering Company, Astec LifeSciences, Plastiblends India, Atul, Kalyani Forge, Balaji Amines, Remsons Industries, Confidence Petroleum India, VST Industries, Puravankara, Jubilant Life Sciences, Mangalam Drugs, Music Broadcast, Teamlease Services, KPIT Technologies, Aarti Drugs, Vodafone Idea, DIC India, Indraprastha Medical Corporation, Bajaj Holdings, Alicon Castalloy, Mahindra Lifespace Developers
Tata Motors Q1: Consolidated loss at Rs 3,698 crore against loss of Rs 1,902.37 crore, revenue declines 7.8 percent to Rs 61,467 crore YoY; JLR pre-tax loss at 395 million pound against 264 million pound loss YoY; net automotive debt rises to Rs 46,500 crore due to negative free cash flows.
Bank of Baroda Q1: Profit at Rs 710 crore against loss of Rs 49 crore, NII grows 2.6 percent to Rs 6,496 crore YoY; gross NPA rises to 10.28 percent against 10.02 percent and net NPA increases to 3.95 percent versus 3.65 percent QoQ.
Biocon Q1: Profit jumps 72.3 percent to Rs 206.3 crore versus Rs 119.7 crore, revenue increases 30.4 percent to Rs 1,465.9 crore versus Rs 1,123.8 crore YoY.
Bharat Bijlee Q1: Profit falls 16.4 percent to Rs 10.7 crore versus Rs 12.8 crore, revenue rises 14.2 percent to Rs 224.7 crore versus Rs 196.7 crore YoY.
South Indian Bank Q1: Profit jumps to Rs 73.3 crore versus Rs 23 crore, NII grows 8.4 percent to Rs 535.6 crore versus Rs 494.2 crore YoY; gross NPA rises to 4.96 percent versus 4.92 percent and net NPA dips to 3.41 percent versus 3.45 percent QoQ.
Jubilant Industries Q1: Consolidated net profit at Rs 9.6 crore versus loss of Rs 1 crore, revenue rises to Rs 152.6 crore versus Rs 128.2 crore YoY.
Westlife Development Q1: Loss at Rs 1.13 crore versus profit of Rs 9 crore, revenue rises 11.8 percent to Rs 381.9 crore versus Rs 341.7 crore YoY.
Gruh Finance Q1: Profit at Rs 115.64 crore versus Rs 115.11 crore, revenue from operations at Rs 532.97 crore versus Rs 450.95 crore YoY.
Genus Power Infrastructures Q1: Consolidated profit falls to Rs 12.4 crore versus Rs 14.22 crore, revenue rises to Rs 275.3 crore versus Rs 238.6 crore YoY.
Greenlam Industries Q1: Consolidated profit at Rs 8.4 crore versus Rs 17.33 crore; revenue at Rs 289.54 crore versus Rs 288.1 crore YoY.
Grindwell Norton Q1: Consolidated profit falls to Rs 42.74 crore versus Rs 43.28 crore, revenue rises to Rs 411.36 crore versus Rs 381.12 crore YoY.
PVR Q1: Profit falls to Rs 16.1 crore versus Rs 52.2 crore, revenue rises 26.4 percent to Rs 880.4 crore versus Rs 696.4 crore YoY.
Bajaj Finserv Q1: Profit rises 2.4 percent to Rs 845.3 crore versus Rs 825.8 crore, NII jumps 43.3 percent to Rs 3,695 crore versus Rs 2,579 crore YoY.
Sundaram Multi Pap: Company received 'BB-' (Stable) credit rating from CARE Ratings.
Panache Innovations: Company signed distribution agreement with Meizhou Guo Wei Electronics Co. Ltd for distributing products in India under the brand Motorola.
Avenue Supermarts: Company issued commercial paper of Rs 30 crore.
JK Agri Genetics: Company appointed Sravana Kumar Gowthavaram as Chief Financial Officer of the company with immediate effect.
Trident: Dun & Bradstreet assigned business rating '5A1 (Strong)'.
TRF: Proposal to sell/divest 100 percent stake held by the company's wholly owned subsidiary TRF Singapore Pte. Ltd in Hewitt Robins International Holdings Limited (HRIHL) (a step down wholly owned subsidiary of the company) along with its 100 percent subsidiary Hewitt Robins International Limited (HRIL).
Onelife Capital Advisors: Company has subscribed 85 percent of shareholding of Dealmoney Financial Services Private Limited, thus becoming a subsidiary of the company.
Shriram Transport Finance: New World Fund sells Shriram Transport Finance's shares worth Rs 148 crore.
Tata Steel acquired 2.58 crore rights equity shares of Tata Sponge Iron at Rs 500 per share aggregating to Rs 1292.2 crore; increased stake from 54.5% to 75.91% in Tata Sponge Iron
Bajaj Finance: Company appointed of Shri Fakhari Sarjan as Chief Risk Officer.
Bajaj Hindusthan Sugar: CARE revised credit rating on long term and short term bank facilities to D from D (issuer not co-operating).
Tata Motors clarified that the company has no formal engagement with Fitch Rating. This is an unsolicited rating and hence the company has no comments to offer.
Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta, and Volcan Investments agreed to unwind entirely the structured investment entered between them in December 2018 ahead of the originally envisaged schedule
Future Enterprises - Bail application of Dinesh Maheshwari, has been approved by Hon'ble High Court at Calcutta, and released on July 24, 2019.
Punjab National Bank approved raising capital up to Rs 5000 crore via QIP/FPO/Rights Issue
Speciality Restaurant entered into JV with Homage Ventures to setup, own and operate a restaurant in London
Indiabulls Housing Finance board proposed Sameer Gehlaut as non-executive chairman of the amalgamated bank and Gagan Banga shall continue to be the managing director and chief executive officer in the amalgamated bank
Lotus Eye Hospital And Institute: L Sriram has resigned from the position of chief financial officer.
Techno Electric & Engineering Company: Company won order from Damodar Valley Corporation (DVC) for setting up FGD System.
Bulk deals
Image92572019

Nifty to trim another 6-8% if sentiment does not improve; NPA resolution key

Good retail inflow, corporate earnings revival and a stable government will ensure that Nifty continues in its valuation range of 17.5-21.5 times one year forward earnings.

 Image result for nifty 50

If sentiment does not improve, there is enough room for 6-8 percent further correction. Some of the factors that can turn the sentiments are the speedy resolution of some of the corporate stress cases and a sharp rate cut by RBI.
Q: Is the Budget fully priced in or surcharge on super rich, liquidity concerns, etc. are still dampening sentiment?
A: The Budget has adequately handled the liquidity concern prevailing in the economy and its positive impact would be seen in the coming 4-5 months. However, the budget has aggravated the already prevailing negative sentiment amongst the business and industries. Most of the large high net-worth individuals are already facing trouble due to tightness in the real estate market.
Also what has immediately triggered the downtick is the impact of the increased surcharge on foreign portfolio investors that should have been avoided. Good retail inflow, corporate earnings revival and a stable government will ensure that Nifty continues in its valuation range of 17.5-21.5 times one year forward earnings. But the range implies that if sentiment does not improve, there is enough room for 6-8 percent further correction.
Q: Is there any key factor that can turn market sentiment?
A: Post IL&FS crisis last year, series of corporate stress situations have come up severely damaging the business and investing climate. Within the larger economic and market cycle, there are various sub-cycles that keep playing out like credit cycle, interest rate cycle, liquidity cycle, asset price cycle, demand cycle, inflation cycle, wage growth cycle, etc.
These cycles when they turn down they take their own time to reverse. For example, auto cycle whenever has turned down has taken about 18 months to turn up. Some of the factors that can turn the sentiments are the speedy resolution of some of the corporate stress cases and a sharp rate cut by RBI.
Q: What is your take on smaller banking and financials entities?
A: Smaller banks are having a challenging time. These smaller private sector banks never had large corporate exposure so they nicely navigated the corporate NPL cycle during 2014-18 but now their moat of regional focus and SME and retail financing are seeing sharp pricing pressure from various NBFCs.
Also as larger better managed private sector banks are increasing presence in every part of the country, these smaller private sector banks are losing their uniqueness in their regional geography. As loan book is not growing at the rate at which they were growing before, that is making their non-performing asset looks higher as the percentage of the loan book.
Q: Do you think bad loan concern is close to an end after June quarter earnings?
A: NPL as a percentage of total loan book has already peaked a few quarters back. Most of the larger banks both among public sector and private sector have aggressively recognised their stressed assets and have made sufficient provisioning.
So in system-wide sense, NPL as an overall percentage to loan book will remain lower than its peak value. But, what has changed during Q1FY19 results is that smaller banks and NBFCs that were not affected by NPL are now finding themselves in this mess.
Q: Do you think FMCG as a sector could be a buy now or the worst is yet to end?
A: The volume growth of FMCG companies are coming in a mid-single-digit. Dabur reporting high single-digit is a bit of an exception primarily due to its initiatives like investment behind power brands, expanding the distribution footprint and streamlining of the supply chain.
Right now as things stand, FMCG would surely have under performed if the overall market was in bull mode but as the overall market is in an uncertain phase, FMCG stocks would remain in demand due to its characteristic of lower beta.
MORE WILL UPDATE SOON!!

Stock picks of the day: 200-DMA likely to act as tough support for Nifty

The long-term 200-DMA levels of 11,130 is going to act as a crucial support area for the Nifty. On the upside, resistance is seen around the 11,400 zone.


 Image result for stocks to buy
The markets extended losing streak to the sixth consecutive trading session on July 25 as there seems to be no respite on the Street.
Selling pressure across the board dragged the Nifty to shut below the 11,300 zones. Currently, indications point towards the fact that the market is in an oversold zone.
Our weekly chart analysis indicates that Nifty is precariously poised around the support of rising weekly trendline. If the index manages to hold above the trendline then a meaningful recovery is likely.
Going forward, the long-term 200-DMA levels of 11,130 is going to act as a crucial support area for the Nifty. On the upside, resistance is seen around the 11,400 zone.
Bank Nifty too seems to be oversold at the current juncture and a dead cat bounce cannot be ruled out. Crucial support is seen around the 28,900 zone while resistance is seen around the 29,600 levels in the near term.
Here is a list of top three stocks which could give 6-8 percent return in August series:
Power Grid: Buy| Target: Rs228| Stop Loss: Rs 205.5| Upside 7 percent
The stock has shown immense resilience and has been trading in a range for the past three weeks. Power Grid has broken out from a consolidation base on the daily chart and the breakout has been accompanied with a smart uptick in traded volumes.
Positive crossover on the moving averages further accentuates our bullish stance on the stock. Investors can hold on to their long positions with a mentioned stop loss on a weekly closing basis.
Sun Pharma Advanced: Buy| Target: Rs 176| Stop Loss: Rs 157| Upside 8 percent
The stock has been in a solid uptrend for the past three weeks and has held on to its recent higher top higher bottom structure.
The stock has also held on to its 100-DMA and also closed above the same on Thursday. We expect the upswing to extend further. Traders can hold on to long positions with stop-loss mentioned on weekly closing basis.
HPCL Aug Futs| Sell| Target: Rs 252| Stop Loss: Rs 276| Downside 6 percent
The stock has been consolidating for the past two weeks and has finally broken down from an inverse flag pattern on the weekly chart.
The stock has also cracked below its 100-DMA and also closed above the same. Traders can hold on to their short positions with a stop loss on a weekly closing basis.
MORE WILL UPDATE SOON!!

Bajaj Finserv option call proved great---Still confused .....Join Our team

  

On 24th July 2019 we had given a call to Buy Bajaj Finserv 6900 Option call (29-Aug) around premium of 210--210 for the target of 275--300+ ........

Look at the call as Today it made a high of  350 and now trading at 240.

Patience wins the trade.......

We made profit of Rs 11250 on  Lot........

Hope You Minted Profit.

This call was given free on our blog and also along with chart analysis and all technical levels.

Still Looking for trade or confused!!..............Don't Worry Join Our Team......

KEEP TRADING FOR FREE>Just Click on  link below


or

 E-Mail Us at indianmarketpulse@gmail.com 

MORE WILL UPDATE SOON!!