Daily Stock Tips | Nifty Tomorrow | Intraday Commodity Tips

Tuesday, July 31, 2018

Closing Bell (31 July 2018)

MCX SUPPORT & RESISTANCE LEVEL

GOLD OCT FUTURE

R2–30050

R1-29950

S1-29750

S2-29650

SILVER SEP FUTURE

R1- 38400
S1-37800
S2-37600

R2 –38600

CRUDE OIL AUG FUTUR

R2 –4800

R1-4770

S1-4710

S2-4680

COPPER AUG FUTURE

R2 –431

R1-428.50

S1-424.50

S2-422

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INTERNATION MARKET UPDATE

Opening Bell (31 July 2018)

Monday, July 30, 2018

HDFC Q1 net profit up 54% at Rs 2,190 crore, beats analyst expectations

Housing Development Finance Corporation reported a 54 percent year-on-year (YoY) rise in profit at Rs 2,190 crore for June quarter FY19 helped by a healthy growth in interest income and assets under management.

The Keki Mistry-led non-banking finance company (NBFC) and largest mortgage player had reported a fall in net profit a year ago at Rs 1,424.5 crore.

The adjustment or impact because of the new Ind AS accounting standards (from Indian GAAP) was a reduction in profit by Rs 127.95 crore in Q1FY18 from Rs 1,552 crore.

A Reuters' poll had estimated a 37 percent rise in profit to Rs 2,143 crore.

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Source: https://www.moneycontrol.com/news/business/earnings/hdfc-q1-net-profit-up-54-at-rs-2190-crore-beats-analyst-expectations-2779431.html

Closing Bell (30 July 2018)

Saturday, July 28, 2018

From Low Risk to High Reward

RIL likely to open higher on Monday: top 10 takeaways from Q1 results

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Experts feel that RIL is likely to open higher with a gap-up of possibly 4-5 percent on Monday when market resumes trading.

Ltd which reported its results for the quarter ended June post market hours on Friday disappointed in terms of net profit but revenue growth, EBITDA, and margins which were above Street estimates.

The share of RIL closed 1.7 percent higher at Rs 1,129. The stock has already rallied over 20 percent for the year 2018 and over 35 percent in the last one year.

Experts feel that RIL is likely to open higher with a gap-up of possibly 4-5 percent on Monday when market resumes trading.

“RIL closed at a market cap Rs 7.16 lakh crore on Friday and TCS market cap stood at Rs 7.40 lakh crore. I would not be surprised RIL jumping 4-5 percent on Monday to reach levels of Rs 1,170-1,180 and in that process, it might surpass TCS and will become a largest market cap company,” SP Tulsian of sptulsian.com said in an interview with CNBC-TV18.

Net Profit:

The Oil & Gas major, RIL reported a consolidated net profit of Rs 9,485 crore for the quarter ended June 30 which was slightly lower than a CNBC-TV18 poll of Rs 9,570 crore.

Total Revenue:

Consolidated revenue during the quarter increased 10.1 percent sequentially to Rs 1.29 lakh crore, backed by growth across the board.

Increase in revenue is primarily on account of higher realizations of refining and petrochemical products led by 49 percent YoY increase in Brent oil price. “Increased revenues also reflect higher volumes with start-up and stabilization of petrochemicals projects,” said the release.

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Source:https://www.moneycontrol.com/news/business/earnings/ril-likely-to-open-higher-on-monday-top-10-takeaways-from-q1-results-2773831.html

Friday, July 27, 2018

Nifty forms robust bullish candle; upside may extend up to 11,480

Bank Nifty finally surpassed its life time high of 27,652 and made a new life time high of 27,661 levels. It formed a strong Bullish Candle on daily as well as weekly scale.

Bulls roared at Dalal Street on Friday as follow up buying helped frontline indices end at record closing highs. The Nifty50 after opening higher remained on upward path throughout the session, forming robust bullish candle on the daily candlestick chart as well as weekly chart.

All sectoral as well as broader indices participated in the rally barring PSU Bank. FMCG and Metal indices were the biggest gainers, rising 2 percent each while the Nifty Midcap index was up 0.9 percent.

The 30-share BSE Sensex, which hit record high for the 21st time in 2018, closed 352.21 points higher at 37,336.85, driven by ITC which was the biggest gainer with 5 percent rally after Q1 earnings.

It was a strong start to the August series as the Nifty50 after opening higher at 11,232.75 rallied sharply to hit fresh intraday all-time high of 11,283.40. The index, which did not fall below the 11,200 levels today, closed 111.10 points or 0.99 percent higher at 11,278.40.

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Source: https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-robust-bullish-candle-upside-may-extend-up-to-11480-2772721.html

Closing Bell (27 July 2018)

Common Mistakes in Stock Market

NCDEX SUPPORT AND RESISTANCE LEVEL

Market Live: Sensex soars over 300 points, Nifty around 11,250 after touching record high

The bullish breakout above 10,930 has resulted in a conclusion of a five-month-long triangular pattern, signalling fresh upsides in coming weeks for Nifty

Equity benchmarks scaled back to record highs in July 2018, exhibiting resilience in the face of rising trade war concerns and depreciation of the rupee against the US dollar.

The Nifty, during the previous month, rallied beyond our projected target of 10,930 for July. In the process, the index made a strong base at 10,550, which acted as a launch pad for it to rally towards its record high of 11,171.

The bullish breakout above 10,930 has resulted in a conclusion of a five-month-long triangular pattern, signalling fresh upsides in coming weeks for Nifty.

Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-soars-over-300-points-nifty-around-11250-after-touching-record-high-2769301.html

Opening Bell (27 July 2018)

Thursday, July 26, 2018

Closing Bell (26 July 2018)

Sensex@37K! Top 10 stocks to buy which could give up to 30% return in 1 year

The S&P BSE Sensex topped Mount 37K for the first time in history to hit a record high of 37,014, while the Nifty rose to a fresh record high of 11,172 in the first one hour of the trading session.

The S&P BSE Sensex rallied by about 8 percent so far in the year 2018 while the Nifty gained 6 percent in the same period. Experts advise investors to stay with companies, which are looking fundamentally robust and are showing strong signs of growth.

They further say that earnings will play a big role in pushing the market to new frontiers but stock specific action will continue. Sectors expected to hog the limelight include IT, pharma, consumer discretionary, and private banking.

“Nifty and Sensex are at all-time high levels, but one is not sensing the exuberance or excitement across participants as the rally has been primarily led by heavyweights such as TCS, Reliance Industries etc,” said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas.

“We feel that from here on earnings will play a major role in determining further upside. Factors such as global trade wars and upcoming general elections in India will keep investors cautious in the short term,” he said.

Jani further added that the longer-term picture for Indian equities looks positive and we continue to prefer sectors such as private banking, consumer discretionary, Information technology and Pharma.

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Source:https://www.moneycontrol.com/news/business/markets/sensex37k-top-10-stocks-to-buy-which-could-give-up-to-30-return-in-1-year-2764441.html

Want to Be on Winning Side in Share Market?

Wednesday, July 25, 2018

Investment Tips by TradeIndia Research

MCX SUPPORT & RESISTANCE LEVEL

NSE applies for extending equity derivatives trading hours till midnight: Sources

The National Stock Exchange, India’s top stock exchange, is looking to start a second trading session between 5:00 pm and 11:55 pm, only for equity derivatives, after the regular session ends at 3.30 pm.

The National Stock Exchange has written to capital and commodity market regulator SEBI, seeking approval to extend the time of equity derivatives trading till nearly midnight, sources told Moneycontrol.

The NSE, India's top stock exchange, is looking to start a second trading session between 5:00 pm and 11:55 pm, only for equity derivatives, after the regular session ends at 3.30 pm.

It is not clear whether trading will be held in single-stock derivatives or only index derivatives in the absence of a cash market during the second session.

In May this year, SEBI had allowed stock exchanges to hold trading in derivatives between 9 am and 11.55 pm.

NSE accounts for about 90 percent market share in equity derivatives in India. The other major exchange, BSE, has not been known to have applied for an extension in trading times, even though both exchanges tend to align their trading sessions with each other.

Currently, commodities exchanges such as MCX and MCDEX conduct trading in derivatives of some agri and non-agri commodities.

Brokers say they would resist any move to keep trading open till midnight, as they do not see enough business post regular trading hours to compensate for the additional operating costs they will have to incur.

Plus there are also concerns on how effectively an equity derivatives market will work in the absence of a functioning cash market. A market participant told Moneycontrol, "On the commodity side, SEBI is trying to connect the spot price to the futures price but there will be a disconnect on the equity side, which will close for trading at 3:30 pm."

Many trades, such as hedging or arbitrage, require traders to initiate positions in both the cash and the derivatives market to work effectively.

A source close to SEBI told Moneycontrol that the regulator had "given the option" to exchanges on the issue of extending trading times. "Whether they want to increase it or not, it depends on the exchanges," the source said.

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Source:https://www.moneycontrol.com/news/business/markets/nse-applies-for-extending-equity-derivatives-trading-hours-till-midnight-sources-2758681.html

Stocks in the news: Ambuja Cements, Hero Moto, Asian Paints, Oil India, BEL, ICICI Bank

Here are the stocks that are in news today:

Results today: L&T, Ambuja Cements, Hero MotoCorp, JSW Steel, BHEL, Bharti Infratel, Canara Bank, Crompton Greaves, Gruh Finance, KPIT, OBC, PVR, Reliance Nippon AMC, TTK Prestige, Intellect Design, Jubilant Foodworks, Jyothi Labs, Karur Vysys bank, Shriram City Union, Syngene International, IRB Infrastructure, Tata Elxi, United Bank of India, Bharat Bijlee, Everest Industries, HCL Infosystems, NOCIL, Sanofi India, Security & Intelligence Services, SKF India, Welspun Enter, IFB Agro Industries, Acrysil, ADF Foods, Dishman Carbogen, GE T&D India, Kirloskar Ferrous Industries, Udaipur Cement

Asian Paints: Q1 consolidated profit rises 30 percent to Rs 571.3 crore versus Rs 440.7 crore; revenue rises 15.1 percent to Rs 4,390 crore versus Rs 3,815.3 crore (YoY).

ICICI Prudential Life Insurance: Q1 profit falls 30.5 percent to Rs 282 crore versus Rs 406 crore; net premium income increases 12.8 percent to Rs 5,438 crore versus Rs 4,820 crore (YoY).

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Source: https://www.moneycontrol.com/news/business/stocks/stocks-in-the-news-ambuja-cements-hero-motocorp-asian-paints-oil-india-bel-icici-bank-2757941.html

Sensex opens at fresh record high, Nifty above 11,100; Asian Paints down 2%

It’s a subdued start to the market on this Wednesday morning, a deviation from the pre-opening rate trends where the larger index hit a fresh record high. Meanwhile, the Sensex has hit a fresh record high as well. The Nifty is well above 11,100, but is a good thirty points away from its record high.

Metals have extended their rally from the previous sessions and a strong trade in the midcaps space is also aiding the market.

The Sensex is up 62.41 points or 0.17% at 36887.51, while the Nifty is up 7.20 points or 0.06% at 11141.50. The market breadth is positive as 389 shares advanced, against a decline of 106 shares, while 60 shares were unchanged.

Shares of Asian Paints are trading over 2.5 percent lower after its June quarter results. Oil marketing companies are taking a hit on the back of rising crude oil price.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-nifty-hits-fresh-record-high-in-pre-opening-sensex-up-around-100-points-2758331.html

Tuesday, July 24, 2018

Closing Bell (24 July 2018)

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INTERNATIONAL MARKET UPDATE

Market Live: Sensex opens at record high, Nifty above 11,100; ACC soars 10%

Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.

At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-opens-at-record-high-nifty-above-11100-acc-soars-10-2752141.html

Opening Bell (24 July 2018)

Saturday, July 21, 2018

Investment Tips by TradeIndia Research

Friday, July 20, 2018

Reliance Industries hits record high, gains 46% in last one year

Since the beginning of January, Reliance Industries' share price has risen 23 percent, while its market capitalisation has risen 21 percent to Rs 7.09 lakh crore.

stock price has had a stellar run over the past 12 months and the stock continued its upward journey to touch a record high of Rs 1,138.25 intraday on Friday. It closed 2.23 percent higher at Rs 1,128.55 on the BSE.

The stock has surged more than 16 percent since the conclusion of its 41st annual general meeting, held on July 5, 2018. The company had announced launch of its 'Jio GigaFiber' fiber-to-home service, and its 'Jio Giga TV' set-top box at the meeting.

At the AGM, Reliance Industries Chairman and Managing Director Mukesh Ambani said that the company has doubled its customer base for Jio to 215 million within 22 months of starting operations.

Ambani said that data usage increased to 240 crore GB from 125 crore GB in a span of one year, and that voice usage more than doubled from 250 crore minutes a day to 530 crore minutes a day.

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Source: https://www.moneycontrol.com/news/business/markets/reliance-industries-hits-record-high-gains-46-in-last-one-year-2738311.html

Closing Bell (20 July 2018)

Wednesday, July 18, 2018

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Closing Bell (18 July 2018)

Bajaj Finance likely to report strong earnings in Q1; key things to watch out for

Non-banking finance company Bajaj Finance is expected to report another robust set of numbers for the June quarter on July 19. Brokerages estimate the company's bottomline to rise 35-45 percent YoY and its net interest income to increase 30-40 percent. Assets under management (AUM) are seen increasing 35 percent compared to last year's quarter.

"For Bajaj Finance, Q1 and Q3 are seasonally strong quarters in terms of asset growth. We expect AUM to increase by 37 percent YoY to Rs 94,093 crore led by the consumer finance segment and in that mainly aided by the consumer durable segment," ICICI Securities said in its research note.

The brokerage said the company's calculated NIMs are expected to come in higher than 11 percent. "No negative surprise is expected on the asset quality front. PAT of Rs 869 crore is estimated, up 44 percent YoY," it said.

KR Choksey expects Bajaj Finance's AUM to grow 35 percent YoY, owing to the company's dominant position in the consumer finance segment.

We expect stable NIMs of 11.5 percent to aid NII growth of 29 percent. Reducing asset quality pressure should translate into lower credit costs, aiding PAT of Rs 830 crore, up 37 percent YoY," KR Choksey said.

The brokerage said that cost structure will need to be monitored as the company has been making investments in tech and digital (as part of BFL 2.0) and expanding its branches.

"Further, commentary on reviving SME lending and scaling up BHFL (housing finance sub) will need to be watched out for," it said

Kotak expects the NBFC to report loan growth of 35 percent, which along with a stable NIM, will push NII up 36 percent. "Cost-income will remain stable at 44 percent YoY," the brokerage said.

At 15:14 hours IST, the stock price was quoting at Rs 2,487.40, up Rs 15.35, or 0.62 percent after hitting a record high of Rs 2,521.70 on the BSE.

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Source: https://www.moneycontrol.com/news/business/earnings/bajaj-finance-likely-to-report-strong-earnings-in-q1-key-things-to-watch-out-for-2729981.html

MCX SUPPORT AND RESISTANCE LEVEL

Market Live: Sensex cools off after touching record high, Nifty around 11,050; midcaps fall

After opening at a record high, the Sensex is currently off its opening levels, while the Nifty is hovering around 11,050-mark.

Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.

Share price of PNB, IOB, Andhra Bank, Corporation Bank and Allahabad Bank reacted positively on the government capital infusion plan.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-cools-off-after-touching-record-high-nifty-around-11050-midcaps-fall-2727371.html

Opening Bell (18 July 2018)

Tuesday, July 17, 2018

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Closing Bell (17 July 2018)

D-Street Buzz: Nifty midcap outshines as Federal Bank zooms 17%; BoB leads PSU bank rally

275 stocks have hit fresh 52-week low including Aban Offshore, ACC, Ambuja Cements, Andhra Bank, Bank of India, DEN Networks, Federal Bank, GIC Housing Finance, HCC, India Cements, Kwality, NBCC, NMDC, PC Jeweller, PTC India and REC among others.

The Indian benchmark indices including the Sensex continues to trade on a positive note this Tuesday afternoon with the index trading 124 points at 36,447 while the Nifty is trading higher by 56 points at 10,993.

Midcaps are buzzing this Tuesday afternoon, up 2.5 percent led by Bata India, CG Power, GMR Infra, IFCI, India Cements, Jain Irrigation Systems, JP Associates, PFC, Reliance Capital, Reliance Infra, Tata Global Beverage and Voltas among others.

The Nifty auto index is up half a percent led by Apollo Tyres, Ashok Leyland, Bharat Forge, Exide Industries, Mahindra & Mahindra and Tata Motors.

The PSU bank index is up over 2 percent led by stocks like Union Bank of India, Syndicate Bank, Bank of Baroda, Punjab National Bank and Oriental Bank of Commerce by Canara Bank, Bank of India and Allahabad Bank among others.

Federal Bank jumped 17 percent while ICICI Bank, IDFC Bank, Yes Bank, RBL Bank and Axis Bank are some of the banks which are also up in the afternoon trade.

Oil & gas stocks are up with Reliance Industries adding half a percent while HPCL, BPCL and Indian Oil Corporation are up 4-5 percent.

From the BSE midcap space, Reliance Communications jumped 5 percent while Union Bank of India, LIC Housing Finance, MRPL, IDFC Bank and Muthoot Finance added 3-4 percent.

From the smallcap space, CMI zoomed 11 percent while Hathway Cable is up 10 percent. JMT Auto, Kitex Garments, Ujaas Energy and CG Power are the other smallcap gainers.

The top gainers among Nifty constituents are HPCL, Indian Oil Corporation, Hindalco Industries, BPCL and Tata Steel.
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Source: https://www.moneycontrol.com/news/business/markets/d-street-buzz-nifty-midcap-outshines-as-federal-bank-zooms-17-bob-leads-psu-bank-rally-2723671.html

INTERNATIONAL MARKET UPDATE

Indian rupee opens higher by 18 paise at 68.39 per dollar

The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.

Rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.

In the last few sessions crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.

Today, USD- INR pair is expected to quote in the range of 68.40 and 68.95, it added.

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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-higher-by-18-paise-at-68-39-per-dollar-2721511.html

Opening Bell (17 July 2018)

Wednesday, July 11, 2018

Closing Bell (11 July 2018)

Commodity Market

Nifty likely at 11,400 by 2018 end; prefer largecap IT to midcaps: Deutsche Bank

According to Pratik Gupta, the market could fall 3-5 percent only if sharp appreciation in the US dollar and spike in crude oil prices. Overall any fall if it happens would only because of global cues.

The volatility in the stock market will likely continue in the short term, Pratik Gupta of Deutsche Bank India said.

He said that does not mean the upside is unlikely; in fact the Sensex can end the current calendar year at 37,000 and Nifty at 11,400 as the structural growth story of India is intact for next 3-5 years with corporate earnings picking up.

"We are seeing 20 percent earnings growth in FY19 and will continue in next year as well, which will eventually drive the market but near term the market will be volatile," Gupta said in an interview to CNBC-TV18.

The Nifty50 rallied 9 percent to surpass 10,900 levels on Tuesday after correcting more than 10 percent from record high of 11,171 in January to hit 2018 low of 9,951.90 in March, but the recovery was gradual and amid rangebound trade.

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Source:https://www.moneycontrol.com/news/business/markets/nifty-likely-at-11400-by-2018-end-prefer-largecap-it-to-midcaps-deutsche-bank-2696871.html

Market Live: Sensex continues to trade flat, Nifty around 10,950; Axis Bank, TCS gain

Among sectoral indices information technology (IT) stocks are standing out, gaining over 1 percent on the Nifty. This is led by gains in Tata Consultancy Services (TCS)

Market Update Benchmark indices have continued to trade flat in the first hour of trade, with the Nifty hovering around 10,950.

The Sensex is up 10.50 points or 0.03% at 36250.12, while the Nifty is up 2.40 points or 0.02% at 10949.70. The market breadth is narrow as 901 shares have advanced, against a decline of 836 shares, while 91 shares are unchanged.

TCS, Bajaj Auto, and Bharti Infratel are the top gainers, while Vedanta, Coal India, and Hindalco have lost the most.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-continues-to-trade-flat-nifty-around-10950-axis-bank-tcs-gain-2695621.html