Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?

Fund managers added large-cap private banks, utilities, energy and select FMCG names.

 

The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.

The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.

In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.

As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore.

Fund managers added large-cap private banks, utilities, energy and select FMCG names, whereas exposure to NBFCs and auto was reduced.

Edelweiss Securities in its report has listed 6 stocks which received inflows worth over Rs 1,000 crore each.

Private lender Axis Bank emerged at the top among those stocks as fund managers bought in shares worth Rs 2,145 crore.

Next came ICICI Bank as fund managers bought in shares worth for Rs 1,863 crore.

GAIL was bought to the tune of Rs 1,251 crore while HDFC Bank witnessed an inflow of Rs 1,179 crore. ITCsaw inflows to the tune of Rs 1,056 crore and Larsen & Toubro was bought to the tune of Rs 1,051 crore, respectively, in July.

Other than these six stocks, Reliance Industries (Rs 952 crore), Tata Consultancy Services (Rs 743 crore), NTPC (Rs 689 crore), Titan Company (Rs 512 crore), Coal India (Rs 432 crore) and Bajaj Finance (Rs 383 crore) also witnessed decent inflows.

On the contrary, Infosys led the pack of stocks which saw offloading of positions by fund managers. Fund managers offloaded Rs 630 crore in the stock.

Shriram Transport Finance Company (Rs 489 crore), UPL ( Rs 458 crore), Mindtree (Rs 436 crore) and Indian Oil Corporation (Rs 304 crore) were among the other stocks that witnessed outflow of in July.

MORE WILL UPDATE SOON!!

Our INFy Calls Hits Its Intraday Targets........Still Confused

Today We had given a call to Buy Infosys ( Fut-29 Aug ) around 772--770 for the target of  777--780

Look at the call as Today it made a high of 779.50 and now trading around 778

Patience wins the trade.......

We Booked Full Profit Today around 779

Profit of Rs 8400 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

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

 E-Mail Us at indianmarketpulse@gmail.com 

or 

Call:8303052186

MORE WILL UPDATE SOON!!

Our Kotak Mahindra Bank Intraday Call Hits Its 1st Target ....Waiting for 2nd Target...Are You!!

Today We had given a Intrady call to Buy Kotak Mahindra Bank ( Fut-29 Aug ) around 4661 for the target of  1492 for the target of 1500--1510

Look at the call as Today it made a high of 1507.90 and now trading around 1506

Patience wins the trade.......

We Booked Part Profit Today around 1502

Profit of Rs 4000 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

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

or

 E-Mail Us at indianmarketpulse@gmail.com

or 

Call:8303052186

MORE WILL UPDATE SOON!!

Bank Nifty Call Hits Its Target ....Bulls Eye

  

Today We had given a call to Buy Bank Nifty ( Fut-29 Aug ) around 27950 for the target of  28030--28070+

Look at the call as Today it made a high of 28310 and now trading around 28240

Patience wins the trade.......

We Booked Full Profit Today around 28070+

Profit of Rs 2400 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

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

or

 E-Mail Us at indianmarketpulse@gmail.com

or 

Call:8303052186

MORE WILL UPDATE SOON!!

Our Intraday Nifty Hits Its Target.....

  

Today We had given a call to Buy Nifty ( Fut-29 Aug ) around 11000 for the target of  11060--11070

Look at the call as Today it made a high of 11072

Patience wins the trade.......

We Booked Full Profit Today around 11060

Profit of Rs 4500 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

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

or 

E-Mail Us at indianmarketpulse@gmail.com 

Or

Call:8303052186

MORE WILL UPDATE SOON!!

Our Axis Bank BTST Call Hits Its Target.....

  

On 14th August We had given a BTST call to  Axis Bank ( Fut-29 Aug ) around 4661 for the target of  672--675

Look at the call as Today it made a high of 674.30 and now trading around 673

Patience wins the trade.......

We Booked Full Profit Today around 672

Profit of Rs 13200 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

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

or

 E-Mail Us at indianmarketpulse@gmail.com

or 

Call:8303052186

MORE WILL UPDATE SOON!!

Stock picks of the day: A break below 10,850 on the Nifty could lead to further selling

Any decisive move below the 10,850 mark in the Nifty can trigger a fresh round of selling while on the higher side, while 11,100 levels should act as a key resistance area.

 

After witnessing some gains last week, the Nifty failed to remain in control as it decisively closed below the 10,950 mark on August 13. The market breadth was tilted in favour of bears on the back of weak global cues.

On the derivative front, Call writers were active in 11,100 and 11,000 strikes along with Put unwinding.

The market undertone is likely to remain bearish in the coming sessions as well. We are continuously witnessing a short build-up into prices which could weigh on the markets.

On the technical front, any decisive move below 10,850 mark in the Nifty could trigger a fresh round of selling while on the higher side, 11,100 levels should act as a key resistance area.

We are hopeful that as long as we trade below 11,100 levels on the Nifty, the current trend is unlikely to change and the index is likely to move towards 10,750 levels amid high volatility.

Here is a list of the top three stocks which could give 7-12 percent return in the next three to four weeks:

Reliance Nippon Life Asset Management: Buy| Target: Rs 267| Stop Loss: Rs 225| Upside 11 percent

The stock has been constantly trading well above its short and long term moving averages on the daily as well as weekly interval charts with the formation of higher highs and higher bottom pattern.

This week, the stock has given a fresh breakout above the key resistance levels of Rs 242 along with marginally higher volumes which suggest that upside is likely to continue in the coming sessions.

Traders can accumulate the stock in the range of 240-245 for the upside target of 267 levels, and a stop loss below Rs 225.

Bharat Electronics: Sell| Target: Rs 86| Stop Loss: Rs 98| Downside 8 percent

The stock has been consistently trading well below its long and short-term moving averages on the daily as well as weekly interval charts.

However, after testing Rs 97 levels on the higher side, the stock once again fell back towards Rs 92 levels in the August 13th session and gave a breakdown below the rising wedge pattern which is generally traded as a bearish pattern in the downtrends.

The negative divergences on the secondary oscillators also point towards more downside in the coming sessions.  Traders can sell the stock in the range of Rs 93-94 levels for the downside target of Rs 86, and a stop loss above Rs 98.

Adani Ports and Special Economic Zone: Sell| Target: Rs 339| Stop Loss: Rs 380| Downside 7 percent

In the recent past, the stock has given a breakdown below its 200-DEMA on the daily interval charts which was placed at Rs 385 levels. The stock entered into a bearish territory on the short-term charts.

In the August 13th session, the stock witnessed a fresh breakdown below the key support level after prolonged consolidation.

On the derivative front as well, the stock seems to have added short build up into the prices which suggest more downside in the upcoming sessions.

Traders can sell the stock in the range of 362-365 levels for the downside target of 339 levels, and a stop loss above Rs 380.

 MORE WILL UPDATE SOON!!

Stock picks of the day: Close above 11,150 crucial for upside in Nifty to continue

For the rally to sustain, the index needs to close above 11,150-11,181 on a sustainable basis for any bounce back towards 11,350 levels.

  

The holiday truncated week got off to a bad start on August 12, amid weak global cues and domestic slowdown worries. However, we saw some respite on August 14 as the Sensex rallied more than 350 points. Nifty too closed above the psychological 11,000 mark.

Earlier this week, the Nifty reversed from its 200-days moving average, which stands at 11,667 levels, and falling resistance trend line connecting the highs of 11,982 and 11,707, reaffirming the downtrend.

For the rally to sustain, the index needs to close above 11,150-11,181 on a sustainable basis for any bounce back towards 11,350 levels.

On the downside, the market has critical support placed at 10,782, which is the 61.8 percent Fibonacci retracement of the entire rise from 10,005 to 12,103.

If the index breaks below 10,782, a further decline can be seen towards 10,580 levels. In Nifty options, maximum Put open interest is seen at the 11,000 strike, followed by 10,700. Maximum call open interest is seen at 11,000, followed by 11,500.

Here is a list of top five stocks that could return 8-11 percent in the next one-to-three months:

HDFC AMC: Buy| LTP: 2,200| Stop Loss: Rs 2,130| Target: Rs 2,450| Upside 11%

The stock is in an uptrend forming high tops and higher bottoms since its February low of Rs 1,329 on the daily chart. The up moves seen in the stock have been backed by good volumes and declines on below-average volumes indicating buying participation in the stock.

It recently touched an all-time high of Rs 2,370 and then corrected towards Rs 2,045 levels. MACD line has given a positive crossover.

Thus, the stock can be bought at current levels and on dips towards Rs 2,195 with a stop loss below Rs 2,130 and a target of Rs 2,450 levels.

Pidilite Industries: Buy| LTP: Rs 1346| Stop Loss: Rs 1300|Target: Rs 1,500| Upside 11%

The stock is in an uptrend forming higher tops and higher bottoms on the weekly chart. The stock hit a high of Rs 1313 in April and then consolidated in the range of Rs 1,313 and Rs 1,100 odd levels to form ascending triangle pattern.

Last week, the stock witnessed a breakout from the consolidation zone on strong momentum and high volumes indicating buying participation.

The price has given a breakout on the upside from the Bollinger Band with the expansion of bands indicating a continuation of the trend in the direction of breakout on the weekly chart.

The Average Directional Index (ADX) line, an indicator of trend strength has moved above the equilibrium level of 20 with rising Plus Directional line on the daily chart.

MACD line has given a positive crossover with its average above the neutral level of zero on the weekly chart. Thus, stock can be bought at current levels and on dips towards Rs 1,325 with a stop loss below Rs 1,300 and a target of Rs 1,500 levels.

Avenue Supermarts: Buy| LTP: Rs 1,490| Stop Loss: Rs 1,405| Target: Rs 1,610| Upside 8%

The stock has been moving higher since March along the rising support trend line connecting closing price of Rs 1,234 and Rs 1397.

The stock has seen a bounce back from the trend line support with long body bullish candle and good volumes.

It has formed a base after consolidating between Rs 1530 and Rs 1230 odd levels. Also looking at higher time frame weekly chart, it looks like that the stock is in a process of forming a double bottom pattern with lows at Rs 1230 odd levels.

Stochastic has given positive crossover with its average on the daily chart. Thus, the stock can be bought at current levels and on dips towards Rs 1,440 with a stop loss below Rs 1,405 and a target of Rs 1,610 levels.

MORE WILL UPDATE SOON!!