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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11,700 level likely to act as resistance for Nifty50

Traders should use any dip for creating fresh longs as the current trend is likely to remain bullish with Nifty moving towards 11,750-11,800 levels in the coming sessions.

            

After six days of consecutive gains, Indian markets took a pause on October 22 with Nifty ending well below 11,600 mark on the back of a sharp selloff in IT stocks led by Infosys which suffered its worst single-day drop in over six years.

From the derivative front, 11,700 levels for Nifty should act as a strong hurdle as of now as call writers are seen adding hefty open interest build-up at 11,700 call strike.

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Infosys, Axis Bank, L&T, RBL Bank, Lupin, Ceat, OBC, Aurobindo Pharma

Axis Bank | L&T | infosys | Bajaj Auto | JMC Projects | Hero MotoCorp | Biocon and HDFC Life are stocks, which are in news today.

Results Today: L&T, Bajaj Auto, Hero MotoCorp, HDFC Life, Biocon, Aarti Drugs, Havells, Hexaware, JSW Steel, Praj Industries, Texmaco Rail, Shoppers Stop, Zee Media, Texmaco Infra, HCL Technologies, JM Financial, KPIT Technologies, NIIT Technologies

Axis Bank Q2: Net loss at Rs 112.1 crore versus profit at Rs 789.6 crore, NII up 16.6 percent to Rs 6,102 crore versus Rs 5,232.1 crore YoY

RBL Bank Q2: Profit falls 73 percent to Rs 54 crore versus Rs 204.6 crore, NII rises 47 percent to Rs 869 crore versus Rs 593 crore YoY

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RIL, Ambuja Cements, Tata Motors, HDFC Bank, Indiabulls Housing, Granules India

Reliance Industries | Indiabulls Housing Finance | Ambuja Cements | ICICI Lombard and Axis Bank are stocks, which are in news today.

Results Today: Axis Bank, RBL Bank, Asian Paints, Bajaj Finserv, Bajaj Finance, Ceat, CCL Products, Granules, Elecon Engineering, ICICI Prudential Life Insurance, Hatsun Agro, Jubilant Foodworks, Jyothy Labs, Kotak Mahindra Bank, Bank of Maharashtra, M&M Financial, OBC, Rallies India, Welspun Corp

Reliance Industries Q2: Net profit up 11.5% at Rs 11,262 crore versus Rs 10,104 crore, revenue down 5.4% at Rs 1.48 lakh crore versus Rs 1.57 lak crore, QoQ

Ambuja Cements Q3: Standalone net profit up 31.3 percent at Rs 234.6 crore versus Rs 178.6 crore, revenue at Rs 2,626.1 crore versus Rs 2,613.9 crore, YoY

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Fundamentally IRCTC is Warren Buffet's buy with a moat stock type, always buy on correction

We can say investors got another stock to add to their portfolio and be bullish on this stock in long-term and always buy from a correction.

As per closing value on October 18, the market capitalisation of the Indian Railway Catering and Tourism Corporation (IRCTC) is at Rs 12,448 crore - high value, given the current market scenario against its public issue size.

We can see some FOMO (fear of missing out) effect in the stock case and fundamentally IRCTC is a Warren Buffet’s buy with a moat stock type.

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

Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 625, target of Rs 650 and Adani Enterprises with a stop loss of Rs 150, target of Rs 165.

The market ended higher for the third consecutive October 15 with Nifty closing above 11,800 after eight trading session. The Sensex ended 291.62 points higher at 38,506.09, while Nifty was up 87.10 points at 11,428.30.

Market breadth was in favour of declines as 1,353 shares declined, 1,091 shares advanced, while 184 shares remained unchanged.

According to the pivot charts, the key support level for Nifty is placed at 11,359.5, followed by 11,290.7. If the index starts moving up, key resistance levels to watch out for are 11,479.7 and 11,531.1.

Nifty Bank closed with a gain of 373.15 points at 28,555.1. The important pivot level, which will act as crucial support for the index, is placed at 28,262.6, followed by 27,970.1. On the upside, key resistance levels are placed at 28,771.2 and 28,987.3.

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ACC, HUL, Wipro, Muthoot Finance, Indiabulls Housing, Adani Transmission

ACC | Wipro | HUL | Muthoot Finance | HDIL | Adani Transmission are stocks, which are in news today.

Results Today: ACC, Wipro, Karnataka Bank, TV 18 Broadcast, Network 18 Media, MCX Media, Uttam Galva Steel, SBI Life Insurance, Reliance Industrial Infrastructure

Hindustan Unilever Q2: Net profit up 21.2% at Rs 1,848 crore against Rs 1,525 crore, revenue up 6.7% at Rs 9,852 crore versus Rs 9,234 crore, YoY.

Dollar Industries' chief financial officer Lalit Chand Sharma resigns w.e.f. November 01, 2019

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

Ashwani Gujral of ashwanigujral.com recommends buying Voltas with a stop loss of Rs 672, target of Rs 695, Titan Company with a stop loss of Rs 1130, target of Rs 1165 and Tech Mahindra with a stop loss of Rs 718, target of Rs 742.

The Sensex was up 246.68 points, or 0.65 percent, at 38,127.08, while the Nifty was up 70.50 points, or 0.63 percent, at 11,305. About 1,084 shares advanced, 1,360 shares declined, and 155 shares remained unchanged.

The Nifty50 registered a Spinning Top formation on the daily charts, indicating indecisiveness among investors. On the weekly chart, however, it formed a formed bullish candle.

According to the pivot charts, the key support level for Nifty is placed at 11,208.63, followed by 11,112.27. If the index starts moving up, key resistance levels to watch out for are 11,382.13 and 11,459.27.

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Infosys, Avenue Supermart, BoB, NMDC, Cadila Health, HUL

Avenue Supermarts | NMDC | Jain Irrigation | Infosys and Cadila Healthcare are stocks, which are in news today.

                                                     

Indian Railway Catering and Tourism Corporation (IRCTC) will make its grand debut on October 14 after its initial public offering (IPO) received the highest ever subscription among PSUs.

The final issue price is fixed at Rs 320 per share, the higher end of the IPO price band. Retail investors and employees of the company received shares at a discount of Rs 10 per share. Hence the final IPO price for them is Rs 310 per share.

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IRCTC to debut on bourses Monday: Will the highest-ever PSU IPO subscription mean a bumper listing?

IRCTC has a dominant market share of 72 percent in Railway E-Ticketing bookings.

Indian Railway Catering and Tourism Corporation (IRCTC) will make its grand debut on October 14 after its initial public offering (IPO) received the highest ever subscription among PSUs.

The final issue price is fixed at Rs 320 per share, the higher end of the IPO price band. Retail investors and employees of the company received shares at a discount of Rs 10 per share. Hence the final IPO price for them is Rs 310 per share.

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

Prakash Gaba of prakashgaba.com recommends buying Divis Labs with target at Rs 1720 and stop loss at Rs 1640 and Torrent Pharma with target at Rs 1760 and stop loss at Rs 1650.

Benchmark indices ended in the red on October 10 with Sensex closing 297.55 points lower at 37,880.40 while Nifty fell 78.80 points to close at 11,234.50. The market breath remained in favour of declines, as 1 share advanced for every 2 shares fall.

On the sectoral front, selling was seen in the bank, metal, FMCG, auto and IT stocks while some buying interest was seen in select energy and infra stocks.

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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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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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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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