Top buy and sell ideas by Ashwani Gujral, Mitesh Thakkar, Prakash Gaba for short term

Ashwani Gujral of ashwanigujral.com recommends buying Tata Elxsi with a stop loss of Rs 750, target of Rs 775 and Pidilite Industries with a stop loss of Rs 1350, target of Rs 1410.

Benchmark indices erased all gains and ended lower on October 24. Nifty slipped below 11,600 due to selling in the banking and telecom sectors.

Telecom stocks suffered massive selloff after the Supreme Court rejected the telecom companies' definition of Adjusted Gross Revenue (AGR). This means telecom companies will have to pay up as much as Rs 92,642 crore to the government. Bank stocks also fell on concerns about their exposure to the beleaguered telecom companies.

Also, no landslide victory for BJP in Maharashtra and Haryana dented sentiment.

Except for the Nifty Infra, all sectoral indices ended in the red led by the bank, metal, FMCG, pharma and auto. Market breadth was in favour of declines, with just 1,069 shares advancing against 1,367 that declined. 161 shares stayed unchanged.

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Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Mitesh Thakkar of Miteshthakkar.com recommends buying Motherson Sumi Systems with a stop loss of Rs 104.5 for target of Rs 114 and NIIT Tech with a stop loss of Rs 1454 for target of Rs 1495.

The market recovered from its lows and ended with moderate gains on October 23 as buying in select PSU banks, IT and auto stocks helped Nifty finish above 11,600 and Sensex above 39,000 level. BSE midcap and smallcap indices ended with little change.

At close, the Sensex was up 94.99 points at 39,058.83, while Nifty was up 15.70 points at 11,604.10.

According to the pivot charts, the key support level for the Nifty is placed at 11,555.13, followed by 11,506.17. If the index starts moving up, key resistance levels to watch out for are 11,652.33 and 11,700.57.

Nifty Bank closed with a gain of 48.45 points at 29,459.60 on October 23. The important pivot level, which will act as crucial support for the index, is placed at 29,234.53, followed by 29,009.46. On the upside, key resistance levels are placed at 29,664.23 and 29,868.87.

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Bharti Airtel, Vodafone Idea up 7-17% after Jio levies Interconnect Usage Charge

According to CLSA, Jio’s IUC charge is likely to pressure TRAI to abolish the tariff

Shares of Bharti Airtel touched a 52-week high of Rs 384.85, gaining 7 percent and shares of Vodafone Idea added more than 17 percent in intraday trade on October 10.

The movement followed Reliance Jio's announcement that they will be charging an Interconnect Usage Charge (IUC) from customers for calls made to the other networks.

FOR MORE INFORMATION: HNI_STOCK_FUTURE

Transformers & Rectifiers surges 20% on order win from Power Grid

With this order, the company's order book as on date stands around Rs 1,001 crore

Shares of Transformers & Rectifiers India rose 20 percent in early trade on October 10 after the company bagged an order worth Rs 126 crore from Power Grid Corporation of India (PGCIL).

The management in a press release said it has been awarded the order for 21 transformers. With this order, the company's order book as on date stands around Rs 1,001 crore.

At 09:57 hrs Transformers and Rectifiers India was quoting at Rs 7.98, up Rs 1, or 14.33 percent on the BSE.

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Upside hurdle for Nifty at 11,400 – 11,450 levels

The intermediate hurdle on the upside is placed at 11,400 – 11,450 levels. Traders are advised to adopt a mean reversion technique for the index and watch out for opportunities in individual stocks.

The Nifty50 index recently retested its 200-day simple moving average (SMA) and is currently hovering above the same. On the weekly chart, the index formed a ‘Doji’ candlestick pattern formed near the 11,700 mark.

This is a sign of caution for the medium term since the index has started trading below 11,416 which is the low of Doji formation.

Going ahead, if we close the week below 11,41, it would be a confirmation for a ‘Sell on Rise’ strategy. Till the time, 11,700 is not taken out on the upside.

FOR MORE INFORMATION: HNI_STOCK_FUTURE

Hindalco Industries, UCO Bank, Orient Cement, Dhampur Sugar, New India Assurance

Sintex Plastics Technology | Hindalco Industries | UCO Bank | Dhampur Sugar and New India Assurance are stocks, which are in news today.

Dhampur Sugar Mills successfully launched Country Liquor at its Distillery unit at Dhampur.

Orient Cement - CARE Ratings assigns CARE AA- to the Long term Bank facilities and CARE Al+ to the Commercial Paper issue of the company

UCO Bank board approves the proposal for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs 2,130 crore

Hindalco Industries - Novelis receives approval from European Commission for proposed acquisition of Aleris

Sintex Plastics Technology's independent director Sandeep M Singhi resigns w.e.f. October 02, 2019

New India Assurance Company signs pact to enter into ICA for company's exposure to debt instruments of Reliance Home Finance & DHFL

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Yes Bank, Hero MotoCorp, GMR Infra, Eicher Motors, Tata Motors, M&M, NMDC

Yes Bank | Hero MotoCorp | Eicher Motors | Tata Motors | Mahindra & Mahindra and NMDC are among stocks which are in news today.

Yes Bank: The lender said a forced sale of 10 crore equity shares (3.92 percent of the bank's equity share capital) was carried out on October 1.

GMR Infra gets CCI nod  for the proposed equity investment from Tata Group, GIC affiliate and SSG affiliate at GMR Airports, subsidiary of the company

Biocon and Mylan launch first Insulin Glargine Biosimilar, Semglee, in Australia

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Use current fall as bargain-hunting opportunity to go long, bet on these 3 stocks for double-digit return

A breakout above 11,500 marks where descending trend line on lower time frame is placed, will give confirmation of retracement complete and original uptrend begin.

Nifty, after rallying for nearly 1,000 points in just two trading sessions post-corporate tax cut announcement, now has corrected by some 450 points denting the market sentiment. Technically, after making a high of 66 in the last week, the RSI momentum oscillator is retracing towards the breakout point of 50 which should be considered as a pullback buy setup (PBB) and it can be used as a bargain-hunting opportunity to go long.

On the lower side, confluence of supports are in a zone of 11,000-11,150 levels. These supports mainly consists of a line of parity placed at 11,150, 61.8% Fibonacci retracement levels of current rise standing at 11,060 and strong psychological levels 11,000. One should add longs as far as Nifty is trading above this crucial demand zone.

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Brokerages turn bullish on these top 9 stocks this week, which could return 13-45%

Experts are positive on the market in the medium to long term, especially after recent government measures

The market started off this week with a negative bias and continued fall for third consecutive session on October 1 as fears of more debt stress in the Indian banking system after the incident of Indiabulls Housing Finance-Lakshmi Vilas Bank and fraud in PMC Bank dented sentiment.

The short covering in late trade on Tuesday cut the BSE Sensex's loss to nearly 700 points for three straight sessions and helped it close above 38,000 levels.

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Use correction to go long on Nifty; RIL, Quess Corp can return 6-11%

Any close above 11,700 levels would result in further short covering which might push the Nifty to even 12,000 levels in coming months

Nifty, after taking support from the gap created on September 23, recovered more than 80 points from the low to close with the losses of 38 points at 11,474 levels on September 30. Though the Nifty has fallen nearly 300 points from the recent high to a low of 11,390 levels, the primary trends is still intact as it is still trading above its 200-day SMA. Oscillators and momentum Indicators like RSI and MACD have been showing strength on the daily and weekly charts for the Nifty and Bank Nifty.

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Castrol India with target at Rs 145 and stop loss at Rs 134 and ITC with target at Rs 270 and stop loss at Rs 255.

The Sensex closed with a loss of 155 points, or 0.40 percent, at 38,667.33, with 13 stocks in the green and 17 in the red on September 30. The Nifty pack closed 38 points, or 0.33 percent, lower at 11,474.45, with 22 stocks up and 28 down.

The broader markets suffered more than the frontline indices. BSE Midcap and Smallcap indices declined 1.13 percent and 1.21 percent, respectively, underperforming BSE Sensex.

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Market may trade sideways between 11,400 and 11,700 levels, buy on dips

Traders are advised to keep a tab of all the above mentioned levels and should focus on individual stocks that are likely to provide better trading opportunities

The market took a giant leap after Finance Minister Nirmala Sitharaman’s slashed corporate taxes. All of a sudden, the tide turned upwards and before anyone could realise, the Nifty was well above 11,200 levels. Since it was predominantly a short squeezing move, the market was not done with such a sharp one day spurt. We had a good bump up on September 23 to kick-start the week on a strong note.

Participants were so ecstatic; the Nifty went on to almost kiss the 11,700 mark in the initial euphoric move. However, this seemed to be an overreaction and hence, throughout the remaining part of the week, market consolidated in a slender range to eventually conclude a tad above 11,500 levels.

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Berger Paints with target at Rs 450 and stop loss at Rs 430 and Bata India with target at Rs 1800 and stop loss at Rs 1721.

Indian market ended in the red on September 27, tracking weakness in other Asian markets. The 30-share Sensex closed the day with a loss of 167 points, or 0.43 percent, at 38,822.57, with 20 stocks in the red, while the Nifty50 finished 59 points, or 0.51 percent, lower at 11,512.40. Among the 50 stocks in the index, 39 suffered losses.

Experts are of the view that the market may see some consolidation due to sharp gains during the previous week. The Nifty50 has begun the consolidation phase after a massive rally. All short-term indicators have moved to overbought levels which cap the upside for the time being.

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Modi tells U.N. India launching campaign to stamp out single-use plastic

 Prime Minister Narendra Modi told the annual gathering of world leaders at the United Nations on Friday that India was launching a campaign to stamp out the use of single-use plastics.

"Even as I am addressing you today a very large campaign is being started across the entire country to make India free of single use plastic," Modi, who wants to scrap such plastics by 2022, told the 193-member U.N. General Assembly.

Officials told Reuters last month that India is set to impose a nationwide ban on plastic bags, cups and straws on Oct. 2.

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Wall Street drops; White House considers delisting Chinese companies

 U.S. stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges, raising worries about a further escalation in the U.S.-China trade war.

The move would be part of a broader effort to limit U.S. investment in Chinese companies, sources told Reuters.

High-level trade talks between Washington and Beijing are scheduled for Oct. 10-11, before the start of the U.S. third-quarter earnings season.

"If our policies spark a major sell-off in Shanghai where that creates problems for China, that could negatively impact the trade negotiations, which are supposed to start on Oct. 10. That is where the U.S.-based fear would come from," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

The tariff-sensitive Philadelphia semiconductor index extended its decline after the reports and ended down 2.4% on the day. The index was already under pressure from Micron Technology Inc's , which tumbled after it forecast a disappointing first-quarter profit.

The S&P technology index  dropped 1.3%. U.S.-listed shares of Alibaba Group Holding Ltd , Baidu Inc and JD.com Inc all slid.

Adding to the negative momentum in afternoon trade, the S&P 500 index briefly fell below its 50-day moving average.

The Dow Jones Industrial Average fell 70.87 points, or 0.26%, to 26,820.25, the S&P 500 lost 15.83 points, or 0.53%, to 2,961.79 and the Nasdaq Composite dropped 91.03 points, or 1.13%, to 7,939.63.

All three indexes ended lower for the week as well, with the S&P 500 and Nasdaq registering their biggest weekly percentage drops since August. The Cboe volatility index ended at a three-week high.

Shares of Wells Fargo & Co <WFC.N> rose 3.8% and the stock was the top gainer in the S&P 500 after the lender named banking veteran Charles Scharf as chief executive officer.

Data early in the day showed U.S. consumer spending barely rose in August, suggesting that the economy's main growth engine was slowing after accelerating sharply in the second quarter.

Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.94-to-1 ratio favoured decliners.

The S&P 500 posted 11 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 29 new highs and 118 new lows.

Volume on U.S. exchanges was 6.68 billion shares, compared to the 7.2 billion average for the full session over the last 20 trading days.

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लक्ष्मी विलास बैंक, यस बैंक, रिलायंस कैपिटल, अदाणी एंटरप्राइजेज और टाटा पावर

खबरों के कारण जो शेयर आज नजर में रहेंगे उनमें लक्ष्मी विलास बैंक, यस बैंक, रिलायंस कैपिटल, अदाणी एंटरप्राइजेज और टाटा पावर शामिल हैं।

लक्ष्मी विलास बैंक - आर्थिक अपराध शाखा, दिल्ली ने रेलिगेयर फिनवेस की शिकायत पर कंपनी के निदेशकों के खिलाफ एफआईआर दर्ज की।
यस बैंक - यस कैपिटल, प्रमोटर ग्रुप का हिस्सा, ने बैंक में 1.8% शेयरधारिता बेची।
आईटीआई - कंपनी ने केंद्रीय और राज्य सरकार की संस्थाओं, बैंकों, सार्वजनिक क्षेत्र के उपक्रमों, छोटे और मध्यम उद्यमों और स्टार्टअप्स के लिए अपनी क्लाउड सेवाओं और समाधान प्लेटफॉर्म का शुभारंभ किया।
रुचिरा पेपर्स - कंपनी ने वित्त वर्ष 2018-19 के लिए 2.25 रुपये प्रति शेयर के लाभांश का ऐलान किया।
यूनिटेक - कंपनी को नोएडा प्राधिरकरण से कारण बताओ नोटिस मिला।
जीई टीऐंडडी इंडिया - कंपनी ने सुशील कुमार को मुख्य वित्तीय अधिकारी नियुक्त किया।
रिलायंस कैपिटल - ब्रिकवर्क ने सुरक्षित एनसीडी प्रोग्राम, बाजार से जुड़े डिबेंचर और कंपनी के अधीनस्थ ऋण के लिए रेटिंग घटा कर बीडब्ल्यूआर डी कर दी।
अदाणी एंटरप्राइजेज - कंपनी ने नयी सहायक कंपनी स्थापित की।
श्रीराम सिटी यूनियन फाइनेंस - श्रीराम हाउसिंग फाइनेंस ने गौरी शंकर अग्रवाल को सीएफओ नियुक्त किया।
टाटा पावर - कंपनी को 105 मेगावाट का फ्लोटिंग सोलर प्रोजेक्ट मिला।

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Rajat Bose of rajatkbose.com recommends buying Bajaj Finance with stop loss below Rs 3968 for target of Rs 4070 and Rs 4087 and Tata Steel with stop loss below Rs 373 for target of Rs 387.

Nifty ended September series with a gain of nearly 6 percent, forming a bullish candle after forming red candles in the last three consecutive expiries, which indicates that bulls are trying to take charge from the lower end.

Investor sentiment was boosted by positive comments from China on a trade deal with the United States. As per Reuters, the Chinese commerce ministry said Beijing is in close communication with Washington and is preparing to make progress at trade talks in October.

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Nifty may head towards 11,900-12,000; buy on dips

For the markets to extend the recent euphoria, the Nifty will have to clear the 11,700-mark.

After a stellar rally of more than 9 percent in just two trading sessions, the domestic markets took a breather during the past few sessions. Nifty spot has been oscillating in the range of 11,700–11,400. On the upside, the index is facing headwinds near the 11,700 mark since we have a cluster of resistances there.

The first one is the downward sloping trend line formed by joining the peaks of 12,103 and 11,982. Next is the lower trend line of the Andrew’s Pitchfork tool formed by joining the points like 9,951, 11,760 and 10,004 whereas 11,694 is the 78.6 percent retracement level of fall from 11,982 to 10,637.

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अमेरिका-चीन व्यापार प्रगति के संकेतों से एशियाई बाजारों में मजबूती

अमेरिका-चीन व्यापार प्रगति के संकेतों से गुरुवार को एशियाई बाजारों में मजबूती देखने को मिल रही है।

साथ ही राष्ट्रपति डोनाल्ड ट्रम्प पर महाभियोग को लेकर निवेशकों में चिंता कम हुई है। ट्रम्प पर आरोप है कि उन्होंने यूक्रेन के राष्ट्रपति से कहा था कि अमेरिका उनकी मदद इस शर्त पर करेगा कि वह उनके राजनीतिक प्रतिद्वंद्वी जो. बाइडेन के खिलाफ जाँच करे। इन आरोपों के चलते डेमोक्रेट्स ने ट्रम्प पर महाभियोग चलाने की प्रक्रिया शुरू कर दी।
भारतीय समय के अनुसार करीब पौने 9 बजे जापान का निक्केई (Nikkei) 49.13 अंक या 0.22% की वृद्धि के साथ 22,069.28 पर है। दूसरी ओर हॉन्ग-कॉन्ग का हैंग-सेंग (Hang Seng) 56.82 अंक या 0.22% की बढ़ोतरी के साथ 26,002.17 पर है। वहीं चीन का शंघाई कंपोजिट (Shanghai Composite) 0.13% और सिंगापुर का स्ट्रेट्स टाइम्स (Straits Times) 0.05% की गिरावट दिखा रहा है।
इसके अलावा दक्षिण कोरिया के कॉस्पी (Kospi) में 0.40% और ताइवान का ताइवान वेटेड (Taiwan Weighted) में 0.22% की वृद्धि है। 

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DHFL, Cipla, GSK Pharma, Sterlite Tech, Future Enterprises, CG Power, SRF

DHFL | Cipla | GlaxoSmithKline Pharma | Adani Enterprises | Future Enterprises and Sterlite Technologies are among stocks which are in news today.

DHFL: The company defaulted in interest and principal payment on NCDs due on September 20.

Cipla: The company has launched Daptomycin for Injection, AP-rated generic equivalent of Cubicin for Injection in the United States.

GlaxoSmithKline Pharmaceuticals: Regulatory authorities have detected genotoxic nitrosamine NOMA in ranitidine products.

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