Friday 9 August 2019

Our Bata Intraday Trade Hits Its Target..........

  15:45   1 comment   Edit
  


Today We had given a call to Buy BATA India (Fut-29 Aug) around 1422 for the target of  1435

Look at the call as Today it made a high of 1434 and closed at 1432.05

Patience wins the trade.......

We Booked Full Profit Today around 1434

Return of 6600 Percent on 1  Lot....... 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

These 5 factors drove Sensex 1,000 pts higher in two consecutive sessions

  14:10   No comments   Edit

The buying was seen across sectors and broader markets traded in line with benchmarks for second straight day, largely driven by domestic factors.


After a steep fall followed by consolidation in early part of the week, the market has broken on upside with full force, as bulls took complete charge of Dalal Street for the second consecutive day on August 9.
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Buying has been seen across sectors and broader markets traded in line with benchmarks for second straight day, largely driven by domestic factors.

The BSE Sensex rallied 468.15 points, or 1.25 percent, to 37,795.51, taking two-day gains to over 1,000 points. The Nifty50 climbed 145.80 points, or 1.32 percent, to 11,178.30 at the time of writing of this report.
The market breadth was also in favour of bulls as about three shares advanced for every share falling on the BSE. The Nifty Midcap and Smallcap indices gained more than 1.5 percent each.
The five factors driving the market high:
Optimism on FPI surcharge
Reports that the government could tweak or rollback the surcharge on super-rich has played a big part in the upswing. The controversial tax was one of the main reasons for the outflow of foreign institutional investor (FII) money since July.
Presenting the budget on July 5, Finance Minister Nirmala Sitharaman proposed an increased surcharge of 25 percent for individuals earning between Rs 2 crore to Rs 5 crore annual, and 37 percent for those with an income of for more than Rs 5 crore. It effectively increased the tax rate to 39 percent for those in the Rs 2 crore-5 crore bracket and 42.7 percent for those in the higher bracket.
Given that the Income Tax Act includes association of persons/ body of individual, trusts in the definition of an individual, the increased surcharge will also be applicable to a majority of the foreign portfolio investors (FPI).
Since July, FIIs have sold more than Rs 25,000-crore worth of shares in India.
"Market gets a breather due to the expectation that the government is likely to be lenient on higher surcharge on FPIs, which influenced bears to cover their short positions.
Relief for NBFCs and auto sector stimulus
The NBFC sector, including housing finance companies, reeling under liquidity crunch since second half of 2018, is likely to get a relief package, a senior government official told Moneycontrol.
The package along with measures announced by the Reserve Bank of India (RBI) for NBFCs were expected to have a multiplier effect on the economy, the official said.
In its monetary policy on August 7, the RBI announced a central payments fraud registry and increased to 20 percent the exposure limits for banks to lend to single NBFCs. The previous limit was 15 percent of the bank’s Tier-I capital.
RBI also said that to boost credit flow to certain priority sectors, bank lending to registered NBFCs for on-lending to agriculture (investment credit) up to ₹10 lakh; micro and small enterprises up to ₹20 lakh; and housing up to ₹20 lakh per borrower will be classified as priority sector lending.
Auto, another sector under selling pressure for a year now, is also expected to get some relief from government.
Absence of a fiscal stimulus to beleaguered sectors like autos & NBFCs, and refusal to roll back the surcharge on FPIs are the principal reasons for the plunge in Indian equities. Any move to offer a generous relief on both these counts can lead to a massive short covering by speculators and a strong rally due to buying from FPIs and domestic Institutional investors.
Prospects of lower interest rate and strength in rupee will ease liquidity crunch situation, Nair said.
FM’s meeting with industry leaders
In their meeting with Sitharaman on August 8, corporates demanded a stimulus package of over Rs 1 lakh crore to kick-start investment cycle and revive the economy, which is showing signs of a slowdown. Industry leaders also said that the government had assured them of action soon.
"The economy requires a critical intervention by introducing a stimulus package. We have suggested for a package of over Rs one lakh crore," Assocham president BK Goenka had said after the meeting.
Piramal Enterprises chairman Ajay Piramal said that the industry raised several matters such as reluctance of banks to lend to the industry.
The government also assured that punitive provisions concerning non-compliance with CSR spending would not be pursued, news agency PTI reported.
Recapitalisation of banks, further rate cut
Another reason that boosted sentiment is the likely start to recapitalisation of PSU banks.
Government sources told CNBC-TV18 that bank recapitalisation, announced in the budget, was likely to start September 1. The finance minister allocated Rs 70,000 crore towards bank recapitalisation bonds.
Analysts say the early beginning to recapitalisation along with transmission of rate cuts announced by the RBI in 2019 would boost credit growth and the economy.
After meeting the finance minister, FICCI president Sandip Somany has said transmission of cut in interest rate to consumers by banks is a big issue.
Banks must be encouraged to pass on the benefits of rate reduction to consumers and borrowers. We are hopeful of further rate cut.
Technical factors
The Nifty50 decisively surpassed its near term hurdles like 11,900, 11,000 and 11,100, rallying more than 300 points in two sessions.
The sharp move indicated that bullish bias is expected to continue in coming sessions and the index may move towards its 200-day exponential moving average (11,271 level) in coming sessions, experts feel.
Besides, last four days of consolidation with intraday lows of around 10,800 level, the market appears to have registered a short-term bottom.
MORE WILL UPDATE SOON!!

Stock picks of the day: Nifty likely to face resistance around 11,080-11,120 levels

  11:19   No comments   Edit

The index is likely to face resistance around 11,080, followed by 11,120 while supports are placed at 10,990, and 10,950 levels.

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Indian equity benchmarks indices made a strong comeback in the last hour of trade and ended sharply higher on August 8 on reports that the Modi government may reconsider surcharge on foreign portfolio investors (FPIs) and may also defer higher registration charges on vehicles.
The Sensex was up 637 points at 37,327.36, and the Nifty was up 177 points at 11,032.50. About 1,379 shares advanced, 1,020 shares declined, and 149 shares remained unchanged.
All the sectoral indices ended higher led by the IT, auto, banks, energy, FMCG, metal, pharma and infra.
The stock market enjoyed a tentative recovery after better-than-expected Chinese export data and a steadying of the yuan restored some calm to global markets.
Oil prices regained some ground amid talk that Saudi Arabia was weighing options to halt its decline, offsetting an increase in stockpiles and fears of slowing demand.
The index is likely to face resistance around 11,080, followed by 11,120 while supports are placed at 10,990, and 10,950 levels.
Here is a list of top four intraday trading ideas which could return 2-4% return:
Hero MotoCorp: Buy| LTP: Rs 2585| Target: Rs 2635| Stop Loss: Rs 2548| Upside 2%
YES Bank: Buy| LTP: Rs 89.15| Target: Rs 93| Stop Loss: Rs 86| Upside 4%
Mahanagar Gas: Buy| LTP: Rs 821.70| Target: Rs 842| Stop Loss: Rs 807| Upside 2.5%
Escorts: Buy| LTP: Rs 482| Target: Rs 500| Stop Loss: Rs 470| Upside 3.7%
MORE WILL UPDATE SOON!!

Stocks in the news: Yes Bank, Nalco, Mahanagar Gas, Page Industries, Adani Transmission, Hexaware

  11:14   2 comments   Edit

Technologies and Engineers India are stocks which are in the news today.

Here are stocks that are in the news today:
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Results on August 9: GAIL (India), BPCL, Shree Cements, Hindalco Industries, Britannia Industries, Cadila Healthcare, Sobha, BHEL, Oil India, Reliance Communications, RattanIndia Power, NEL Holdings, PC Jeweller, TTK Healthcare, SH Kelkar, Marksans Pharma, Hercules Hoists, Arshiya, Jamna Auto Industries, Kakatiya Cement, IG Petrochemicals, Royal Orchid Hotels, TV Today, Amber Enterprises, Vivimed Labs, MRF, Future Consumer, Speciality Restaurants, NCC, HG Infra Engineering, Century Plyboards, Kanoria Chemicals
Results on August 9: ITD Cementation, Natco Pharma, PSP Projects, Tourism Finance Corporation of India, VIP Clothing, Narayana Hrudayalaya, Golden Tobacco, Tilaknagar Industries, Pfizer, Oswal Chemicals, Neogen Chemicals, Sun TV Network, Satin Creditcare, Subros, NHPC, NRB Bearing, Arvind Fashions, Uniphos Enterprises, Nitco, Shipping Corporation, Himatsingka Seide, Meghmani Organics, Gujarat Industries Power, Pokarna, Inox Wind, State Trading Corporation of India, SAIL, 63 Moons Technologies, Garden Reach Shipbuilders, VST Tillers, Balaji Telefilms, Varroc Engineering, Honeywell Automation
Coffee Day Enterprises: Company appointed Ernst & Young to probe statements in VG Siddhartha's letter and company's units' financials.
Yes Bank: QIP issue opened, floor price for issue fixed at Rs 87.9 per share. Bank is currently in the process of appointing new key officers, including CFO, COO.
NBCC Q1: Consolidated profit dips 38.4 percent to Rs 49 crore versus Rs 79.4 crore, revenue falls 16.3 percen to Rs 1,885.8 crore versus Rs 2,251.8 crore YoY.
Nalco: Company signed joint venture agreement with Mishra Dhatu Nigam for setting up aluminum alloys plan for manufacturing plates, sheets.
Tata Chemicals Q1: Consolidated profit rises 19.5 percent to Rs 313 crore versus Rs 261.6 crore, revenue increases 5.6 percent to Rs 2,896.9 crore versus Rs 2,744.4 crore YoY.
Mahanagar Gas Q1: Profit jumps 27.5 percent to Rs 170.2 crore versus Rs 133.5 crore, revenue increases 4.8 percent to Rs 831.2 crore versus Rs 793.2 crore QoQ.
Endurance Technologies Q1: Consolidated profit jumps 32.9 percent to Rs 165.6 crore versus Rs 124.6 crore, revenue rises 2.6 percent to Rs 1,909.2 crore versus Rs 1,860.4 crore YoY.
Page Industries Q1: Profit falls 11.1 percent to Rs 110.6 crore versus Rs 124.4 crore, revenue increases 2.4 percent to Rs 835 crore versus Rs 815.3 crore YoY.
Jindal Stainless (Hisar) Q1: Consolidated profit falls to Rs 104.68 crore versus Rs 139.49 crore, revenue dips to Rs 2,372.35 crore versus Rs 2,476.70 crore YoY.
Rashtriya Chemicals and Fertilizers Q1: Profit falls to Rs 7.98 crore versus Rs 22.99 crore, revenue jumps to Rs 2,409.5 crore versus Rs 1,943.5 crore YoY.
Adani Transmission Q1: Profit rises to Rs 213.42 crore versus Rs 146.70 crore, revenue jumps to Rs 2,858.08 crore versus Rs 2,545.56 crore QoQ.
Hexaware Technologies June quarter: Consolidated profit rises to Rs 151.35 crore versus Rs 138.5 crore, revenue increases to Rs 1,308.3 crore versus Rs 1,264 crore QoQ.
Engineers India Q1: Profit jumps to Rs 125.7 crore versus Rs 89.5 crore, revenue climbs to Rs 742.66 crore versus Rs 582.8 crore YoY.
Clariant Chemicals Q1: Profit rises to Rs 11.27 crore versus Rs 9.64 crore, revenue increases to Rs 295.81 crore versus Rs 264.32 crore YoY.
DHFL: Company said payment obligations falling due in the near future may not be met on schedule, but it is committed to resolving issues related to liquidity crisis and making best efforts to work out a resolution plan.
Bodal Chemicals: Company acquired 80 percent stake in SEN-ER Boya Kimya Tekstil Sanayi VE Ticaret Ltd. STI. by entering share sale and transfer agreement.
Marico: Company will further invest in Revolutionary Fitness Private Limited and will increase stake in same to 37 percent.
HCL Technologies: UK subsidiary makes minority investment in OM Mobile Ventures (doing business as Kalido), headquartered in London.
Indostar Capital Finance: Company approved appointment of Amol Joshi as the CFO.
Alphageo (India): CRISIL revised long term credit rating to BBB+/Watch Developing, from BBB+/Stable.
Cochin Shipyard: Company launched two Ro Pax vessels designed and built for Inland Waterways Authority of India.
SBI: Term of office of Dinesh Kumar Khara, MD, extended by two years with immediate effect.
IDBI Bank: Bank to cut MCLR on most tenures by 5-15 bps from August 12.
Oriental Bank of Commerce: Bank to cut MCLR across tenures by 5-10 bps from August 10.
GMR Infrastructure: Board approves raising up to Rs 2,500 crore via equity, debt.
Wipro: Company partners with Camunda to offer workflow automation platform.
NBFC: The government is likely to come up with some relief measures on sectors like the non-banking financial companies (NBFCs).
Marico will further invest in Revolutionary Fitness and will increase stake to 37 percent
Lakshmi Vilas Bank is working in close co-operation with Indiabulls Housing Finance to ensure all regulatory approvals are received at the earliest
8K Miles Software Services stated that company has entered into new projects
Jamna Auto Industries has made changes in production schedule at a1l its plants. The plants may not run or partially run on all working days in August, 2019.
Care Ratings has downgraded its rating on Long Term Bank Facilities and Non-Convertible Debentures rating of Vodafone Idea to CARE A from CARE A+, with negative outlook
Bulk deals
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MORE WILL UPDATE SOON!!

Nifty finds respite with Thursday turnaround, but needs push from HDFC Bank, RIL for further upside

  11:10   No comments   Edit

Thursday’s action could well be described as an act of defiance as global markets have been on treacherous path in past few sessions with US & China involved in a continuing trade war.

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Whenever weakness or bearish bias swings too far in one direction, market always tends to revert to the mean. Similarly, index’s prolonged correction seems to have found some respite around 10,750-10,800. Prior to Thursday’s big fat green bar, index had witnessed a tussle around 10,800 in last three sessions.
Barring Thursday’s session, Nifty had struggled to sustain any intra-day recoveries. However, action of last three sessions placed importance to confluence of support around 10,800 zone as it failed to drift lower (second line of defense as per Gann rule of 8, midpoint of three-digit Gann channel & two-year mean).
Appearance of a bullish candle near support levels along with RSI bouncing off oversold region infers immediate floor near 10,800. Such pattern requires positive follow-up action, hence a sustenance above the three-digit Gann number of 11,100 is essential.
Peak & bottom of a tall Green bar tends to have repercussions in the future trend too. It acts as a point of polarity zone. In BankNifty’s case, it found respite around the peak of a big bullish bar seen on 5th March 2019. The month of March was a breakout month for both the benchmark indices. Presence of three-digit Gann number of 273(00) and two-year mean proved to be a reference point in the recent structural set-up.
Thursday’s action could well be described as an act of defiance as global markets have been on treacherous path in the past few sessions with US & China involved in a continuing trade war. However, sell on rallies and buy on declines movement (evident from this week’s activity) led to a choppy environment on Dalal Street.
Choppy market is not an ideal time to make money on the index. During a period where the market is creating whipsaws within the trading band of 200 points, current rally would gain credence only on a convincing move above three-digit Gann number of 111(00). Sustenance above the same would result in a move towards 11,350 zone.
The architects in Thursday’s turnaround were index heavyweights with RIL & HDFC Bank among the major contributors. Reliance, after around 20 percent correction from the peak of Rs 1,418, has reversed from PRZ of Bat harmonic pattern. The same is placed around its 2-year mean, which suggests that prolonged corrective wave has come to an end. Similarly, HDFC Bank has bounced back from the confluence of support zone around Rs 2,170. It is essential for these index heavyweights to participate from hereon for Nifty to advance further.
MORE WILL UPDATE SOON!!

Our Glenmark Pharma Cash Call Hits 1st Target........Waiting for 2nd Target.....Are You...

  10:43   No comments   Edit

  

Yesterday  We had given a call to Buy Glenmark (Cash ) around 423 for the target of  433--438

Look at the call as Today it made a high of 433 and now trading around 430

Patience wins the trade.......

We Booked Full Profit Today around 433

Return of 2.36 Percent on 1  Lot....... 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

Our Nilkamal Cash Call Hits Its Target ...........Still Confused....Join Our Team.....

  10:35   No comments   Edit

  

Yesterday  We had given a call to Buy Nilkamal (Cash ) around 1044--1040 for the target of  1055—1060

Look at the call as Today it made a high of 1073  and now trading around 1065

Patience wins the trade.......

We Booked Full Profit Today around 1072

Return of 1.6 Percent on 1  Lot....... 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

OUR BTST ON Reliance HITS Target .............Bulls Eyes

  10:23   No comments   Edit

 

 Yesterday  We had given a BTST call to Buy Reliance (Cash /Fut 29-Aug) around 1140 for the target of  1160

Look at the call as Today it made a high of 1174  and now trading around 1171

Patience wins the trade.......

We Booked Full Profit Today around 1160--1162

We made profit of Rs 11000 on 1  Lot........Even in such volatile market 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

Our Pidilite BTST Tarde Skyrocketed.....We Booked Profit of Rs 32800 on 1 Lot......DID YOU!!

  10:17   1 comment   Edit

 

Yesterday  We had given a BTST call to Buy Pidilite (Cash /Fut 29-Aug) around 1326 for the target of  1340--1350

Look at the call as Today it made a high of  1354  and now trading around 1352

Patience wins the trade.......

We Booked Full Profit Today around 1351--1353

We made profit of Rs 32800 on 1  Lot........Even in such volatile market 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

Our Havells (Cash/Fut ) Call Hits its Target....We Booked Full Profit Did You....

  10:06   No comments   Edit

 

Yesterday  We had given a call to Buy Havells  (Cash /Fut 29-Aug) around 650 for the target of  660--665+

Look at the call as Today it made a high of 665  and now trading around 654.50

Patience wins the trade.......

We Booked Full Profit Today at 665

We made profit of Rs 15000 on 1  Lot........Even in such volatile market 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!

Our Bajaj Finance 3350 CE Option Call Hits its 1st Target........Still Holding for 2nd Target

  09:59   No comments   Edit

  

On 7th August We had given a call to Buy Bajaj Finance 3350 (Option 29-Aug) around 90--85 for the target of  125—145+

Look at the call as Today it made a high of 132.65 and now trading around 120

Patience wins the trade.......

We Booked Part Profit Today at 128--130

We made profit of Rs 10750 on 1  Lot........Even in such volatile market 

We Believe in our Research......

Hope You Minted Profit.

This call was given free on our blog and in Our whatsapp group.

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!!


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