2nd Aug Strategy:

2nd Aug Strategy:

 

Global: Negative

FII: Negative

DII: Neutral

F&O: Neutral

‪Sentiment: Negative

Trend: Negative

10900-11000 small day range,  Medium range 10825-11075,  Bigger range 10775-11100

BankNifty 28050-28500 small day range, Medium range 27850-28700. Bigger range 27650-28900

For Existing Long Positions:

Nifty intraday n closing SL 11000

BankNifty intraday n closing SL 28350

For Existing Short Positions:

Nifty intraday SL n Closing SL 11100

BankNifty intraday n Closing SL 28800

For New Positions:

Sell Nifty:

SL 11075 Tgt 10900, 10825

Buy Nifty in 10775-10825 range:

SL 10750 Tgt 10875, 10950

Sell BankNifty:

SL 28550 TGT 28050, 27850

Buy BankNifty near 27850:

SL 27800 TGT 28000, 28300

PCR1.15, VIX 14.55

MORE WILL UPDATE SOON!!

Our Apollo Tyres 150 PE Option Call Hits Its 1st Target......Join Our Team......Mint Money

 

On 30th July   we had given a call to Buy Apollo Tyres 150 PE  (Option -29-Aug) around Premium of 5.75--5.50  for the target of 9.00--12.00........

Look at the call as Today it made a high  of 9.95  and now trading at 9.95

Patience wins the trade.......

We made profit of Rs  10500  on 1 Lot....

We Believe In our Research....

Hope You Minted Profit.

This call was given free on our blog...

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

KEEP TRADING FOR FREE>Just Click on  link below

https://tradingcalls-indianmarketpulse.blogspot.com/

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 E-Mail Us at indianmarketpulse@gmail.com

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 JOIN OUR WHATSAPP FREE TRADING TIPS GROUP 

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LINK BELOW :https://chat.whatsapp.com/BzNER8EY2vcEujvksRYjKa

MORE WILL UPDATE SOON!!

OUR Adani Ports Sell Call Hits Both Its Target of 367--365........Still Confused...Don't Worry Join IndianMarketPulse

Yesterday  we had given a call to Sell Adani Ports ( FUT -29-Aug) around 372 for the target of 367--365 ........

Look at the call as Today it made a low of 365.15 and now trading at 365.40

Patience wins the trade.......

We made profit of Rs  17500 on 1 Lot....

We Believe In our Research....

Hope You Minted Profit.

This call was given free on our blog...

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

KEEP TRADING FOR FREE>Just Click on  link below

https://tradingcalls-indianmarketpulse.blogspot.com/

or

 E-Mail Us at indianmarketpulse@gmail.com

OR

 JOIN OUR WHATSAPP FREE TRADING TIPS GROUP 

JUST CLICK ON 

LINK BELOW :https://chat.whatsapp.com/BzNER8EY2vcEujvksRYjKa

MORE WILL UPDATE SOON!!

Top buy and sell idea

We  recommend buying Maruti Suzuki with target at Rs 5750 and stop loss at Rs 5450 and Reliance Industries with target at Rs 1205 and stop loss at Rs 1160.

The market started the month on a bearish note, as bears retained a tight control over Dalal Street throughout the session on August 1. The Nifty broke the psychological 11,000-mark to close at a fresh five-month low.

Selling across sectors, except Auto, dented sentiments after there was no indication from Federal Reserve Chairman Jerome Powell about a further rate cuts later in the year.

The BSE Sensex declined by 462.80 points to 37,018.32 while the Nifty50 plunged 138 points to 10,980 and formed a bearish candle on daily charts.

The market breadth has remained in favour of bears as about two shares declined for every share rising on the BSE. The Nifty Midcap and Smallcap indices fell in line with benchmarks losing over a percent each.

According to the pivot charts, the key support level is placed at 10,881.73, followed by 10,783.47. If the index starts moving upward, the key resistance levels to watch for out are 11,077.53 and 11,175.07.

The Nifty Bank closed at 28,367.25, down by 508.75 points on August 1. The important pivot level, which will act as crucial support for the index, is placed at 28,003.1, followed by 27,639.0. On the upside, key resistance levels are placed at 28,775.5, and 29,183.8.

Buy Tata Global Beverage with a stop loss of Rs 252, target of Rs 268

Buy Voltas with a stop loss of Rs 600, target of Rs 625

Buy Reliance Industries with a stop loss of Rs 1160, target of Rs 1220

Sell Bank of India with a stop loss of Rs 74, target of Rs 62

Sell Vedanta with a stop loss of Rs 149, target of Rs 137

Sell Jindal Steel & Power with a stop loss of Rs 132 and target of Rs 121

Buy Power Grid  with a stop loss of Rs 209.9 and target of Rs 222

Sell Ambuja Cements with a stop loss of Rs 202 and target of Rs 188

Sell Castrol India with a stop loss of Rs 121 and target of Rs 112

Buy Maruti Suzuki with target  at Rs 5750 and stop loss at Rs 5450

Buy Reliance Industries with target at Rs 1205 and stop loss at Rs 1160

Sell Amara Raja Batteries with target at Rs 650 and stop loss at Rs 680

Sell Infosys with target at Rs 750 and stop loss at Rs 790

MORE WILL UPDATE SOON!!

Weekly tactical pick: Tech Mahindra

This IT player expects revenue pick-up from the second half of 2019-20. So, a high single-digit revenue growth trajectory should not be difficult.

 

We are recommending Tech Mahindra as our weekly tactical pick.

Tech Mahindra (CMP: Rs 626) reported a disappointing performance in the June quarter, marked by weak revenues and a steep decline in margin.

Revenue in reported currency for Q1 FY20 at $1,247 million saw growth of 1.9 percent compared to the previous year and constant currency growth of 3.7 percent. Sequentially, however, revenue declined by 1.6 percent. Weakness was seen in both the communication and enterprise segments. While the former was due to seasonality impact in Comviva (Mahindra Comviva is a global leader in mobility solutions for fast-growing telecom and other new age businesses), the latter was impacted by weakness in auto (especially electric vehicles in China) and BFSI segment.

The company’s margin declined sequentially by a steep 390 basis points to 11.5 percent impacted by myriad factors like weakness in portfolio companies, salary hike, higher visa cost, cross currency headwinds and lower utilisation and deal transition costs.

However, there is a silver lining amid the dark clouds. Deal flow momentum has been strong and company alluded to a strong pipeline especially in communications. The management has indicated acceleration in revenue from the second half of the current fiscal year, as past deal wins are translated into revenues. Seen in this context, high single-digit revenue growth trajectory should not be difficult.

Adoption of 5G technology is a big opportunity for Tech Mahindra and FY21 is likely to see traction on this front.

What investors got to remember about the stock is its undemanding valuation of 11.2 times FY21 estimated earnings - one of the cheapest large cap IT stocks. The stock is close to its 52-week low price of Rs 608 having corrected over 14.6 percent in the past six months compared to 1.4 percent rise in the Nifty and 1.1 percent for the IT index. Rupee depreciation in light of the deteriorating macro could be an added upside.

MORE WILL UPDATE SOON!!

Rupee opens lower at 69.25 per dollar

Utilise downsides in the pair to initiate long positions.

The Indian rupee slipped further in the early trade on Friday. It has opened lower by 20 paise at 69.25 per dollar versus previous close 69.05.

On August 1, Indian rupee fell 27 paise to close at a near five-week low of 69.05 against the US dollar amid heavy selling in domestic equities.

The dollar-rupee August contract on the NSE was at 69.25 in the previous session. Open interest increased 0.10% in the previous session.

We expect the USD-INR to find support at lower levels. Utilise downsides in the pair to initiate long positions, it added.

MORE WILL UPDATE SOON!!

Stocks in the news: Bharti Airtel, SBI, ITC, Eicher Motors, Raymond, Tata Power, Tata Motors

Here are stocks that are in the news today:

Results on August 2: SBI, ITC, HDFC, Power Grid Corporation of India, GATI, BSE Limited, Alphageo (India), Xpro India, Gujarat State Petronet, Andhra Bank, VLS Finance, Exide Industries, Birla Corporation, Ujjivan Financial Services, Equitas Holdings, Filatex India, Aditya Birla Capital, Vinyl Chemicals (India), D-Link (India), IRB Infrastructure Developers, Astral Poly Technik, Sterling Tools, Bata India, Capri Global Capital, Insecticides (India), National Fertilizers, Camlin Fine Sciences, Birla Corporation, Somany Ceramics, Godrej Agrovet, eClerx Services, Lumax Industries, Dhampur Sugar Mills, Parag Milk Foods, Elgi Equipments, Tata Communications, Dhampur Sugar Mills, Surya Roshni, INOX Leisure, V-Mart Retail, Kaya, McDowell Holdings, MM Forgings, BEML, Deepak Nitrite, Sical Logistics, Firstsource Solutions, Union Bank of India, Raj Oil Mills, Laurus Labs, TCPL Packaging, HUDCO, Summit Securities, Rico Auto Industries Limited

Bharti Airtel Q1: Consolidated net loss at Rs 2,866 crore versus profit of Rs 107.2 crore, revenue rises 0.7 percent to Rs 20,737.9 crore versus Rs 20,602.2 crore QoQ; India wireless EBIT loss at Rs 1,242 crore EBIT loss of Rs 1,377.8 crore and average revenue per user rises 5.1 percent to Rs 129 versus Rs 123 QoQ.

Raymond Q1: Loss at Rs 14.85 crore versus profit of Rs 0.02 crore, revenue rises to Rs 1,435.12 crore versus Rs 1,250.66 crore YoY.

Adlabs Entertainment Q1: Loss at Rs 32.47 crore versus Rs 20.92 crore, revenue falls to Rs 81 crore versus Rs 84.72 crore YoY.

Dhampur Sugar Mills June quarter: Profit rises to Rs 58.5 crore versus Rs 32.25 crore, revenue increases to Rs 937 crore versus Rs 734.4 crore YoY.

Tata Power Q1: Profit falls to Rs 151.3 crore versus Rs 1,670.9 crore, revenue rises 6.2 percent to Rs 7,766.7 crore versus Rs 7,315.2 crore YoY.

JK Tyre Q1: Consolidated net profit down 73.7% at Rs 17 crore against Rs 64.3 crore, revenue up 5.6% at Rs 2,575.4 crore versus Rs 2.439.5 crore, YoY

Dalmia Bharat Q1: Consolidatednet profit at Rs 152 crore against Rs 52 crore, revenue at Rs 2,537 crore against Rs 2,368 crore, YoY

KRBL Q1: Consolidated net profit at Rs 136.12 crore versus Rs 100.05 crore, revenue at Rs 1,217.70 crore versus Rs 745.05 crore, YoY

GSK Consumer Q1: Net profit up 23% at Rs 248.1 crore versus Rs 200.4 crore, revenue up 7.9% at Rs 1,194.3 crore against Rs 1,107.1 crore, YoY

HCC Q1: Consolidated net loss at Rs 17.4 crore versus loss of Rs 66 crore, revenue rises 6 percent to Rs 2,455.9 crore versus Rs 2,316.1 crore YoY.

Raymond: Board authorised the senior management to explore and evaluate potential options to restructure the businesses of the company.

Dishman Carbogen: US FDA completed inspection of company's subsidiary's Neuland unit with no observation.

Eicher Motors July Sales: Total Royal Enfield sales fell 22 percent to 54,185 units versus 69,063 units YoY.

Tata Motors: Company to cut electric vehicle price by up to Rs 80,000 from August, due to GST rate revision.

ACC: Company appointed Rajani Kesari as Chief Financial Officer.

LIC Housing Finance: Siddhartha Mohanty appointed as MD, CEO.

Crest Ventures: Company has liquidated its entire stake being 37,20,000 equity shares representing 62 percent of the total issued, subscribed and paid-up equity share capital in its subsidiary Crest Wealth Management Private Limited.

KCP: Company has differed the proposal for setting up of Grinding Unit at Naidupeta, Andhra Pradesh. Due to environmental concerns, the company approached the Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) for cancellation of allotment of land at Industrial Park, Naidupet, Andhra Pradesh. The APIIC had accepted its request and cancelled the allotment.

Hero Motocorp sold 5,35,810 units of twowheelers in July 2019

Tata Motors domestic sales registered a drop of 34% at 32,938 units compared to 50,100 units sold in last year

Power Grid declared as the successful bidder under Tariff based competitive bidding to establish transmission system

PSP Projects has been awarded with new work orders worth Rs 86.20 crore

SRF: Engineering Plastics business has been divested to DSM India with effect from 01.08.2019

Coal India: July provisional offtake at 46.82 mt, down 2.9%,  July provisional output at 38.50 mt, down 5.1%, YoY

Lakshmi Vilas Bank clarify that the bank has no exposure on CCD or its subsidiaries.

RBI advised Bank of India to pay a penalty of Rs 1.5 crore on account of 'Non-compliance with RBI's direction on Frauds' in Rotomac Group companies

Dhunseri Tea & Industries: Company signed binding agreement(s) with Tata Global Beverages for sale of its branded business (Lalghora & Kalaghora).

Adani Transmission receives letter of intent (LOI) for Centre sector transmission project linked to renewable sector in Rajasthan

RBI imposes penalty of Rs 2 crore on Allahabad Bank

National Aluminium Company (NALCO), Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL) form JV for acquisition, exploration & processing of strategic minerals abroad

Wipro: N Vaghul, Independent Director and Dr Ashok S Ganguly, Independent Director, have retired from company's Board of Directors. Company launched co-innovation center with Amazon Web Services.

SRF: Engineering plastics business has been divested to DSM India Private Limited.

Jaypee Infra: NCLAT overturns NCLT order directing return of 758 acre land to Jaypee Infra under IBC.

Talwalkars Healthclubs has made a default in the payment of interest on loan from banks/ financial institutionsCARE Ratings and ICRA has revised the ratings on long term facilities and NCD issue.

MORE WILL UPDATE SOON!

Stock picks of the day: Power Grid, Bharti Airtel, Tata Global top buy ideas amid falling markets

It has been a terrible week as the Nifty broke below the crucial psychological support level of 11,000.

 

However, the late intraday recovery towards the end on August 01 saw the Nifty forming a ‘Hammer’ like candle pattern after a sharp fall. The pattern, when formed, usually indicates a reversal of the trend. But, the reversal will only be confirmed after the Nifty manages to surpass the 11,080 zone.

Bank Nifty too formed a ‘Hammer’ candle pattern on the daily chart. It found support near 28,400 zone which indicates recovery may be in sight at least in the near-term.

Here is a list of top three stocks which could give 5-7 percent return in the next three to four weeks:

Power Grid: Buy| Target: Rs 230| Stop Loss: Rs 207| Upside 7.5 percent

The stock has shown a strong momentum and has been gaining decent ground despite the heavy selloff in the overall market.

Power Grid has broken out from a consolidation base on the daily chart. The breakout was accompanied with a smart uptick in traded volumes. Investors can hold on to long positions with the mentioned stop loss on a weekly closing basis.

Bharti Airtel Aug Futs: Sell| Target: Rs 309| Stop Loss: Rs 333| Downside 5 percent

The stock has been under immense pressure for the past two trading sessions and has finally broken below its crucial previous lows of Rs 328.

The stock closed below its 100-DMA support area which is a negative sign for the bulls. Traders can hold on to short positions with the mentioned stop loss on a weekly closing basis.

Tata Global Beverage: Buy| Target: Rs 277| Stop Loss: Rs 250| Upside 7 percent

The stock has shown immense resilience and finally broken out from the 'Falling channel' pattern on the daily chart.

The stock has also managed to surpass its 50-DMA resistance zone indicating a resumption of the higher top, and higher bottom structure. Traders can hold on to the long positions with the mentioned stop loss on a weekly closing basis.

MORE WILL UPDATE SOON!!

Market Headstart: Bharti Airtel top sell idea

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.46 percent loss or 50 points. Nifty futures were trading around 10,966-level on the Singaporean Exchange.

The Nifty50 is likely to open lower on Friday tracking Asian markets which were trading lower after US President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.

The Dow Jones Industrial Average fell 280.85 points, or 1.05 percent, to 26,583.42, the S&P 500 lost 26.82 points, or 0.90 percent, to 2,953.56 and the Nasdaq Composite dropped 64.30 points, or 0.79 percent, to 8,111.12.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.46 percent loss or 50 points. Nifty futures were trading around 10,966-level on the Singaporean Exchange.

The S&P BSE Sensex fell 462 points to 37,018 while the Nifty50 closed 138 points lower at 10,980 on Thursday.

The Indian rupee on Thursday dropped by 27 paise to close at a near five-week low of 69.06 against the US dollar amid strengthening of the American currency and heavy selling in domestic equities.

On the institutional front, FPIs were net sellers in Indian markets for Rs 1056 cr while DIIs were net buyers to the tune of Rs 561 cr, provisional data showed.

Stocks in news:

Telecom major Bharti Airtel August 1 reported a consolidated net loss of Rs 2,866 crore in the quarter ended June 2019 against profit of Rs 107.2 crore in the quarter ended March 2019.

Tyre maker Ceat on Thursday said its consolidated net profit rose 15.06 per cent to Rs 82.2 crore for the first quarter ended June 30, 2019.

GlaxoSmithKline Consumer Healthcare on August 1 reported a 23.76 per cent rise in net profit to Rs 248.08 crore for the quarter ended June 2019.

Technical Recommendations:

We spoke to IIFL and here’s what they have to recommend:

Power Grid: Buy| Target: Rs 230| Stop Loss: Rs 207| Upside 7.5%

Bharti Airtel Aug Futs: Sell| Target: Rs 309| Stop Loss: Rs 333| Downside 5%

Tata Global Beverages: Buy| Target: Rs 277| Stop Loss: Rs 250| Upside 7%

MORE WILL UPDATE SOON!!

Oil prices rebound after Trump trade tariffs trigger plunge

Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. U.S. West Texas Intermediate (WTI) crude futures fell nearly 8%, posting its worst day in more than four years.

 

Oil prices rose more than $1 on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world's two biggest economies and crude consumers.

Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. U.S. West Texas Intermediate (WTI) crude futures fell nearly 8%, posting its worst day in more than four years,

The collapse ended a fragile rally built on steady drawdowns in U.S. inventories, even as global demand looked shaky because of the trade dispute.

Brent futures rose $1.53, or 2.6%, to $62.03 a barrel by 0220 GMT, while WTI futures gained $1.02, or 1.9%, to $54.97 a barrel.

Trump said on Thursday he would impose a 10% tariff on $300 billion of Chinese imports from Sept. 1 and could raise tariffs further if China's President Xi Jinping fails to move more quickly to strike a trade deal.

The announcement extends Trump's tariffs to nearly all of China's imports into the United States and marks an abrupt end to a temporary truce in a trade war that has disrupted global supply chains and roiled financial markets.

Brent and U.S. crude are heading for their first weekly declines in three, on track for falls of more than 2%.

"Global growth estimates have been under pressure from the tariff war and the move by the U.S. erases all the goodwill gained earlier in the week when U.S. negotiators were in Shanghai to kickstart trade talks," Alfonso Esparza, market analyst at OANDA said in a note.

There have been mounting signs this week of the economic toll of the trade dispute between the United States and China, which reported this week slowing manufacturing activity in July.

U.S. manufacturing activity also slipped last month, dropping to a near three-year low, and construction spending fell in June as investment in private construction projects tumbled to its lowest level in 1-1/2 years.

The economic slowdown has translated into falling oil demand in the United States, the world's biggest oil consumer.

The amount of crude processed at U.S. oil refineries averaged 17.2 million barrels per day over the past four weeks, down 1.3% from the same time a year ago, U.S. government data showed this week.

MORE WILL UPDATE SOON!!