tag:blogger.com,1999:blog-40388510314820856712024-03-21T14:31:31.808+05:30Share Market Tips | Stock Market Tips | MCX TipsShivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.comBlogger7352125tag:blogger.com,1999:blog-4038851031482085671.post-20110875335172637632019-09-05T10:17:00.000+05:302019-09-05T10:17:06.257+05:3011-year data suggests bears control D-Street in September; can bulls defy odds?<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">The Sensex was down 11 per cent in September 2008, 5.4 per cent in 2018 and dropped by 2.1 per cent in the same month in 2011, data from AceEquity shows.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA8svDkEwL_qSuAnwDkDXHZM8DJ9go6x0UCMbjlSCGrcxjg2w9xSRQ7d2jmvMAkoLTf_j3ZGpoKSibclEixVMv4HufYzYCY0A3MCXK3Pk93NO1mqk0NXp6QBzTPpHh0xb_7x07PmG85LM/s1600/sensex.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="422" data-original-width="759" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA8svDkEwL_qSuAnwDkDXHZM8DJ9go6x0UCMbjlSCGrcxjg2w9xSRQ7d2jmvMAkoLTf_j3ZGpoKSibclEixVMv4HufYzYCY0A3MCXK3Pk93NO1mqk0NXp6QBzTPpHh0xb_7x07PmG85LM/s640/sensex.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Indian markets remained in a bear grip in August and the trend is unlikely to shift towards the bulls with no big triggers expected in September, say experts.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The month of September is off to a muted start, with both the Sensex and the Nifty trading below crucial support levels. The Sensex broke below 37,000 and the Nifty 11,000.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Anecdotal evidence suggests that the index has given flat to negative returns in September in six of the last 11 years. The index saw a drop of more than 11 percent in September 2008, followed by 2018 when it slipped 5.4 percent, and in 2011 it dropped by 2.1 percent, data from AceEquity shows.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Apart from two tall towers witnessed in 2009 and 2010, the gains in September in the 11-year period have not been that inspiring.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The index rallied 10.2 percent in 2010, followed by 10.13 percent in 2009 and 7.9 percent three years later.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Benchmark indices are trading marginally in the green this time but the midcap and smallcap space is technically trading in a bear grip.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The rollover data for September series was not inspiring either. The Nifty Future rollover stood at 68 percent compared to a 3-month average of 75 percent.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“The rollover data is disappointing at present as the Nifty and the Nifty Bank both have the rollover data below 6-month average i.e. 66 percent and 68 percent. Usually, such data is followed by a consolidation.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“Hence, the pressure may remain with the Nifty in September and the index could move in the range of 11,400-10,800. Long rollovers were seen in Nalco, Colpal, Torrent Pharma and Ujjivan. On the short side, weakness was seen in Mannapuram, MFSL, NTPC, and L&T.”</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In terms of macro cues India’s GDP is at a six-year low, auto companies suffered a double-digit falls in August sales, core sector output, too, has slowed down, the currency is weak, and on the global front, trade war between the US and China has kept investors on the edge.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Analysts are not advising investors to go and sell but maintain some cash that can be used to get into quality stocks on declines. But, there are other fundamental factors such as stimulus measures from the government, trade talks and macro dat that investors should keep an eye on.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“Key event to be watched out will be the policy meeting outcome on the stress in the realty sector and any other such events for the revival in the domestic economy. Till date, although the monsoon in totality is normal, there are still patches of below-normal monsoon in most of the agrarian areas of the country,” Sumeet Bagadia, Executive Director, Choice Broking, told Moneycontrol.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“So, the progress of monsoon is important and will be keenly tracked. Apart from this any political development on Kashmir will have an impact on the market. Internationally, the development related to Sino-US trade war, Brexit and Hong Kong protest can bring some negativity in the market.”</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Institutional flows</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Institutional activity picked up in September. Anecdotal evidence suggests that foreign institutional investors (FIIs) were net buyers in Indian markets in September in six of the last 11 years.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">FIIs poured in nearly Rs 30,000 crore in September 2010, followed by Rs 20,769 crore in 2012, and about Rs 20,000 in 2009 .</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the other hand, mutual funds were also net buyers for six of the 11 years. They poured over Rs 17,000 crore in 2017, followed by over Rs 9,000 crore in 2015, and about Rs 8,000 crore in 2018, data shows.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">What should investors do?</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Indian markets are trading at attractive levels when compared to long-term averages and investors are advised to invest in companies with high growth potential on dips.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Markets have reacted to the weak auto sales data, lower than expected GDP growth number indicating that the slowdown is more pronounced, thus demanding policy measures on both monetary and fiscal sides.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“The recent measures taken by the ministry of finance would help mitigate the risk but more is expected to reverse the trend. Markets are already building in expectations of a rate cut over rest of the financial year with lumpy (around 30-40 bps) expected in October 2019 policy meeting.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sliding Chinese Yuan was a big concern for emerging markets, he said. “Given the all negative news flow, one should take a contrarian call by investing in sound companies with growth potential which is now available at relatively attractive valuations in a staggered manner as Warren Buffet has time and again emphasized ‘to be greedy when the world around you is fearful' ,” he said.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-47154618061960662752019-09-05T10:01:00.002+05:302019-09-05T10:01:38.776+05:30United Bank falls 3% on deferring amalgamation talks with PNB<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">The share touched its 52-week high Rs 13.25 and 52-week low Rs 9.05 on 01 January 2019 and 08 October 2018, respectively.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFaBttjDZe8HL4EF-MO8NKnf2qlbKqNkyw7wDvATcCT_LjAh45VF5UbG8s5FWlGSMnh2caChYEVGUIJH0iTiAYxf0RCW8K7DbZd5YFJ4Zq3dlOElCFGYwoQy2fy3AQx-K69oqS_O1oh0/s1600/9-1-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFaBttjDZe8HL4EF-MO8NKnf2qlbKqNkyw7wDvATcCT_LjAh45VF5UbG8s5FWlGSMnh2caChYEVGUIJH0iTiAYxf0RCW8K7DbZd5YFJ4Zq3dlOElCFGYwoQy2fy3AQx-K69oqS_O1oh0/s640/9-1-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Shares of United Bank of India declined nearly 3 per cent in the early trade on September 5 after the bank decided not to discuss amalgamation with Punjab National Bank (PNB) on September 6 board meeting.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The board of directors of the company will not be deliberating on the said amalgamation with PNB in the meeting to be held on September 6, 2019.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The board will discuss the matter on a later date, the intimation of which shall be given to the exchanges in due course, it added.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">At 0931 hrs, United Bank of India was quoting at Rs 9.90, down Rs 0.26, or 2.56 per cent on the BSE.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The share touched its 52-week high of Rs 13.25 and its 52-week low of Rs 9.05 on 1 January 2019 and 8 October 2018, respectively.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Currently, it is trading 25.51 per cent below its 52-week high and 9.06 per cent above its 52-week low.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-76887582350656789522019-09-05T09:55:00.000+05:302019-09-05T09:55:03.639+05:30सकारात्मक वैश्विक रुझानों के सहारे बाजार में मजबूती, निफ्टी 10,900 के ऊपर<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">सकारात्मक वैश्विक रुझानों और अमेरिकी तथा एशियाई बाजारों में मजबूती से गुरुवार को घरेलू बाजार में भी अच्छी शुरुआत हुई है।</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">शुरुआती कारोबार में ही निफ्टी 10,900 के ऊपर आ गया है। सभी प्रमुख सूचकांक हरे निशान में हैं, जिनमें सर्वाधिक मजबूती धातु, ऊर्जा, इन्फ्रा, ऑटो, बैंक और आईटी में है।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">अगस्त में चीन के सेवा क्षेत्र ने शानदार प्रदर्शन किया, जबकि ब्रिटिश सांसदों ने ब्रेक्जिट में देरी के लिए एक कानून को मंजूरी दे दी है। इसके अलावा हॉन्ग-कॉन्ग में तनाव में कमी आयी है। इन खबरों से निवेशकों को राहत मिली है।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">बीएसई सेंसेक्स (Sensex) 36,724.74 के पिछले बंद स्तर की तुलना में बढ़ोतरी के साथ 36,821.71 पर खुला। 9.20 बजे के करीब सेंसेक्स 119.37 अंकों या 0.33% की वृद्धि के साथ 36,844.11 पर है। वहीं एनएसई का निफ्टी (Nifty) 10,844.65 के पिछले बंद स्तर के मुकाबले 10,860.95 पर खुल कर 60.60 अंकों या 0.56% की बढ़ोतरी के साथ 10,905.25 पर है।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">दूसरी तरफ छोटे-मॅंझोले सूचकांकों में भी मजबूती है। बीएसई मिडकैप में 0.35% और बीएसई स्मॉलकैप में 0.30% की वृद्धि है। वहीं निफ्टी मिड 100 में 0.53% और निफ्टी स्मॉल 100 में 0.68% की बढ़ोतरी है। इस समय निफ्टी के प्रमुख 50 में से 45 शेयर और सेंसेक्स के प्रमुख 31 शेयरों में से 25 शेयर मजबूत स्थिति में हैं।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-90140222189131415742019-09-05T09:53:00.001+05:302019-09-05T09:53:12.770+05:30जेएसडब्ल्यू स्टील खरीदें और बजाज ऑटो बेचें : आईसीआईसीआई डायरेक्ट<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज गुरुवार के कारोबार में जेएसडब्ल्यू स्टील (JSW Steel) में खरीदारी और बजाज ऑटो (Bajaj Auto) में बिकवाली की सलाह दी है।</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- जेएसडब्ल्यू स्टील (216.60) सितंबर फ्यूचर को 214.50.00-215.00 रुपये के बीच खरीदें</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- पहला लक्ष्य 217.8 रुपये, दूसरा लक्ष्य 222.3 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- घाटा काटने का स्तर (स्टॉप लॉस) 211.8 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- बजाज ऑटो (2,750) सितंबर फ्यूचर को 2745.00-2750.00 रुपये के बीच बेचें</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- पहला लक्ष्य : 2726 रुपये, दूसरा लक्ष्य 2690 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- घाटा काटने का स्तर : 2774 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-27446434990891948892019-09-05T09:50:00.002+05:302019-09-05T09:50:32.313+05:30Jet Airways creditors to recover only $300-$400 million in liquidation scenario<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7C5HweNKBfGvb-8PDreP6tSBlMDnuMT18e0twycDOfKQ3tHOBVi3kIsirZdIQ0ZdVtF2w_MD6tyfHNvfbhxvNOfTVO2njiMCOhh_gGTSiuYndhyphenhyphen_HobqxTMeigskm8u2g8nvOkMdsN0c/s1600/images+%252823%2529.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="201" data-original-width="251" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7C5HweNKBfGvb-8PDreP6tSBlMDnuMT18e0twycDOfKQ3tHOBVi3kIsirZdIQ0ZdVtF2w_MD6tyfHNvfbhxvNOfTVO2njiMCOhh_gGTSiuYndhyphenhyphen_HobqxTMeigskm8u2g8nvOkMdsN0c/s400/images+%252823%2529.jpg" width="400" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The airline's financial and operational creditors, who are owed nearly 300 billion Indian rupees ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet's assets, the sources, who have direct knowledge of the matter, said.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The sources, who asked not to be named as they have not been cleared to discuss the matter with media, said Jet currently has some four to six Boeing and Airbus aircraft, and some real estate assets in India, on which there are some outstanding dues.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The airline, less than a year ago, was operating a fleet of more than 120 planes that flew to dozens of domestic destinations and international hubs such as Singapore, London and Dubai.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Once India's biggest private carrier, Jet stopped flying in April after running out of cash, leaving thousands without jobs and pushing up airfares across the country. It was admitted to bankruptcy court in June after its lenders, led by State Bank of India, failed to agree on a revival plan.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The court-appointed resolution professional, Grant Thornton, now responsible for the company, declined to comment and said that the focus remains on resolution and not liquidation at this stage.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Indian bankruptcy process allows lenders to sell the company as a whole or in parts to maximise recovery for creditors. Apart from the lenders, the airline has 2,400 creditors including suppliers, vendors and employees.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Grant Thornton in July opened bids for those interested in buying a stake in the airline. The initial deadline of 15 days was extended to accommodate more bidders but the response has been tepid.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Three early-stage bidders include Synergy Group Corp, which owns a majority stake in Colombian carrier Avianca Holdings, Russia's Treasury RA Partners and Panama-based investment firm Avantulo Group.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Restrictive foreign ownership rules could complicate any sale, industry insiders said. Two other potential investors have backed out - the head of mining firm Vedanta, Anil Agarwal and Etihad Airways, which owns a minority stake in Jet.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Anyone who wants to purchase Jet will be taking huge liabilities and so it doesn't make sense for anyone. It is clear that Jet will head into liquidation because what else is there?" said one of the lead bankers.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Apart from the few planes and real estate assets, there is little else that Jet's creditors can sell, and analysts and bankers say that the value of the airline's brand has weakened.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">($1 = 71.4920 Indian rupees)</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-78099539230372748202019-09-05T09:38:00.000+05:302019-09-05T09:42:16.347+05:30Is Tata Motors increasingly seen as a takeover target by investors?<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">A rose by any other name would smell just as sweet, goes the Shakespearean saying. </span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDhUF5PFjdispHOcNCgp4bCeG5BDIl9DmMgbToRu1aHPd31UhrRjbeOccWSIK5nfB1os-Bh9Kx_X2VfjcY8D_Xg91AYNaKGYt-3cPRxwg2-LHDfP5C5SYJw-HqIl0cBHpx4rMkm7t2QyI/s1600/RTX2QABF-673x435.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="435" data-original-width="673" height="412" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDhUF5PFjdispHOcNCgp4bCeG5BDIl9DmMgbToRu1aHPd31UhrRjbeOccWSIK5nfB1os-Bh9Kx_X2VfjcY8D_Xg91AYNaKGYt-3cPRxwg2-LHDfP5C5SYJw-HqIl0cBHpx4rMkm7t2QyI/s640/RTX2QABF-673x435.jpg" width="640" /></a></div>
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Likewise, if the value of a stock is the sum of the present value of its future cash flows, how should it matter to investors whether the equity shares they purchase are called ordinary shares or shares with differential voting rights (DVRs).</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">But apparently, in the case of Tata Motors Ltd, it matters a lot. The company’s ordinary shares now trade at a record premium of about 120% over its DVRs. The ordinary shares, which trade at ₹109.50 apiece, offer one vote for every share held in the company, and the DVRs, which trade at ₹49.95 apiece, offer one vote for every 10 shares held.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Researchers such as Aswath Damodaran of New York University say that the difference between voting and non-voting shares is almost entirely explained by the value attached to the possibility of a change in the company’s management or ownership.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In a paper that sought to assess the economic value of voting rights, Haim Levy of the Hebrew University said, “An individual investor would have a motive to hold the stock with superior voting rights, if he or she expected that a future struggle for control will yield significant capital gains." Else, they might as well buy the shares with lower voting rights at less than half the price for the same amount of economic ownership.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">With investors willing to pay as much as 2.2 times more for Tata Motors shares with voting rights, it certainly begs the question whether they are pricing in a greater probability of a takeover in the future. After all, any acquirer seeking control of the company would only be interested in shares with greater voting rights. The government of Singapore, a large shareholder in Tata Motors, has more or less shunned the DVRs while increasing its ownership in the company since end-2017, despite the huge bargain available there.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The fact that Tata Motors’ market capitalization has fallen more than 80% in the past three years makes the possibility of a takeover even more likely. A 51% stake in the company now costs about $2.4 billion, compared to more than $13 billion three years ago.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Damodaran of NY University adds that investors ascribe a higher premium to voting shares when a firm is performing badly, especially when it is because of poor management decisions. The bet clearly is that a change in management in such cases will derive great value.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Tata Motors’ problems are many, and some of them, attributable to poor management, have been chronicled in these pages.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Whether or not Tata Motors’ DVR discount points to the possibility of an impending takeover—it may well be an inexplicable anomaly of the markets that refuse to correct—it’s fair to say that investors have decisively voted for a change in the way the company is managed.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-64618471967175608622019-09-05T09:35:00.001+05:302019-09-05T09:35:14.565+05:30Oil prices rise after US confirms trade talks with China to start<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">The gains add to a surge in prices on Wednesday that had been driven by a survey showing activity in China's services sector expanded at the fastest pace in three months in August, as new orders rose in the world's second-biggest consumer of oil.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8bZpWxQy-DXsvVvOmsW96a6h835eUblfUrl4KV81k8Q_a8iQn_iPayQeWo0eNG7YtmrLNb7kkYWM9kjjBONYuRWdmi8QwkY_cUgroPRdKAwcEVYORBMmLc9ZmCrs17VeOCuPKUaZ-8hI/s1600/LYNXNPEB7P01C_L.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="481" data-original-width="800" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8bZpWxQy-DXsvVvOmsW96a6h835eUblfUrl4KV81k8Q_a8iQn_iPayQeWo0eNG7YtmrLNb7kkYWM9kjjBONYuRWdmi8QwkY_cUgroPRdKAwcEVYORBMmLc9ZmCrs17VeOCuPKUaZ-8hI/s640/LYNXNPEB7P01C_L.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Oil prices rose on Thursday, rebounding from earlier losses, after the U.S. confirmed that talks with China to reach a trade agreement would be held in the coming weeks, giving hope that a dispute that has roiled global economies will be resolved.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The gains add to a surge in prices on Wednesday that had been driven by a survey showing activity in China's services sector expanded at the fastest pace in three months in August, as new orders rose in the world's second-biggest consumer of oil.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Brent crude was up 21 cents, or 0.4%, at $60.91 a barrel by 0301 GMT. On Wednesday, Brent rose 4.2%.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">West Texas Intermediate (WTI) was up 17 cents, or 0.3%, at $56.43 a barrel, having risen 4.3% the previous session, the biggest percentage gain in nearly two months.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Both contracts were lower earlier in the Asian trading session after data late on Wednesday from the American Petroleum Institute (API) showed U.S. crude stocks rose last week, against expectations of a decline.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">U.S. Trade Representative (USTR) Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He and agreed to hold ministerial-level trade talks in Washington "in the coming weeks", a USTR spokesman said late on Wednesday.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Shortly after in Beijing, China's commerce ministry said the talks would be held and "both sides agreed that they should work together and take practical actions to create good conditions for consultations."</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">As the trade war between the United States and China has rumbled on into a second year, evidence has been mounting that economies worldwide are being hit, prompting downgrades of oil demand growth expectations.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">BP Plc's Chief Financial Officer Brian Gilvary told Reuters on Wednesday that global oil demand is expected to grow by less than 1 million barrels per day in 2019 as consumption slows.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Still, supply looks set to stay constrained as Russian officials and sources from the Organization of the Petroleum Exporting Countries (OPEC) indicated the countries remain committed to an agreement to rein in production to support prices.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Crude inventories in the United States rose by 401,000 barrels in the week ended Aug. 30 to 429.1 million, compared with analysts' expectations for a decrease of 2.5 million barrels.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Crude stocks at the Cushing, Oklahoma, delivery hub fell by 238,000 barrels, while refinery crude runs fell by 306,000 barrels per day, API said.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">MCX, NCDEX Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-89038011995173541302019-09-05T09:31:00.001+05:302019-09-05T09:31:52.648+05:30Top buy and sell ideas<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Buying Apollo Tyres with the target at Rs 185 and stop loss at Rs 172 and Bharat Electronics with target at Rs 115 and stop loss at Rs 104.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDF3B1DHHP6GeKFlIONjIgm93TAVjr3mRi9Dj8dWzBLRvW392DnLFibbCsxhuC9XlYj2MjDXq9hTfN801TRBJ9g9rYcisKSnG2iD0ZZ7jbzZA4P0i7wBTMDi-9M0AGKhS9gtNG5pfp_m8/s1600/buySellHold1-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDF3B1DHHP6GeKFlIONjIgm93TAVjr3mRi9Dj8dWzBLRvW392DnLFibbCsxhuC9XlYj2MjDXq9hTfN801TRBJ9g9rYcisKSnG2iD0ZZ7jbzZA4P0i7wBTMDi-9M0AGKhS9gtNG5pfp_m8/s640/buySellHold1-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">After a subdued start, the market slipped in the red and traded with negative bias in the first half. However, it managed to pull back from the lows and ended the session higher.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sensex closed 162 points, or 0.44 percent, higher at 36,724.74, with 18 stocks in the green. The Nifty index logged a gain of 47 points or 0.43 percent to settle at 10,844.65, with 30 stocks ending in the positive.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Midcaps and small caps underperformed Sensex as their sectoral indices on BSE climbed up to 0.29 percent.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">The index is still trading below crucial short term moving averages and despite the bounce, the trend is still negative, suggest experts. Traders are advised to trade with strict stop losses as long as the index trades above 10,756-10637 levels.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">According to the pivot charts, the key support level is placed at 10,774.4, followed by 10,704.1. If the index remains on an upward trajectory, key resistance levels to watch out for are 10,886.9 and 10,929.1.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty Bank index closed at 27,123.85, up 1.12 percent. The important pivot level, which will act as a crucial support for the index, is placed at 26,750.5, followed by 26,377.2. On the upside, key resistance levels are placed at 27,387.9 and 27,652.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sudarshan Sukhani of s2analytics.com</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Cadila Healthcare with stop loss at Rs 226 and target of Rs 240</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Biocon with stop loss at Rs 224 and target of Rs 245</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Tata Consultancy Services with stop loss at Rs 2210 and target of Rs 2300</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Tata Motors with stop loss at Rs 113 and target of Rs 104</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Prakash Gaba of prakashgaba.com</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Apollo Tyres with target at Rs 185 and stop loss at Rs 172</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Bharat Electronics with target at Rs 115 and stop loss at Rs 104</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy M&M Financial Services with target at Rs 340 and stop loss at Rs 317</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy UPL with the target at Rs 600 and stop loss at Rs 548</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
<div style="text-align: justify;">
<br /></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-72209906522631043862019-09-05T09:27:00.000+05:302019-09-05T09:27:44.080+05:30Podcast | Stock picks of the day: Nifty may trade between 10,800 & 11,200 in September series<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">In case the Nifty breaks below 10,800 and sustains there a couple of times on a closing basis then selling pressure could take the index towards 10,640-10,500 levels.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFVsEfXE4s9t8ZMJUPbuxmQeWpy3P6USdFlSMzb7UW_1ZH8skTSEhCZy4IMzxMxzSLjBxfmUZ3t28Q5J46H4xZftj1j5LaFAelxHcCUKK_MR9WX76FewVyZPHLRlYrp0pR3dW_j95Drqo/s1600/stock_picks_of_the_day-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFVsEfXE4s9t8ZMJUPbuxmQeWpy3P6USdFlSMzb7UW_1ZH8skTSEhCZy4IMzxMxzSLjBxfmUZ3t28Q5J46H4xZftj1j5LaFAelxHcCUKK_MR9WX76FewVyZPHLRlYrp0pR3dW_j95Drqo/s640/stock_picks_of_the_day-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty witnessed a relief rally on September 4 after the sell-off seen in the previous session. The index reclaimed 10,800 on a closing basis on September 4.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Of the Nifty constituents, around 13 stocks are trading above their 50-DMA and 15 stock are sustaining above their 200-DMA. This indicates that the market is in a bear grip as majority of the stocks are trading below the short and long term moving averages.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the higher side, 11,150 Nifty is seen as a supply zone. Currently, the Nifty pack is trading between its 50-EMA and 100-EMA, which is placed at 11,200 and 10,800, respectively, on the weekly timeline.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty is largely trading in a tight 400 points range (10,800-11,200), with RSI moving around 38, projecting a downward picture.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">History suggests that from November 2018 to March, the Nifty largely traded between 10,550 and 11,000. In the coming week, one may see the same range work as a support zone for the index.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the options front, maximum Put open interest for September expiry was placed at 10,800 strike. On the call side, 11,200 strike, which has the highest open interest, is likely to act as stiff resistance.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The broader range for the September series is 10,800-11,200. In case the Nifty breaks below 10,800 and sustains there a couple of times on a closing basis then selling pressure could take the index towards 10,640-10,500 levels.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Any big upside move should be expected only above 11,150 levels.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Here is a list of top three stocks that could return 7-10 percent in the next 3-4 weeks:</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Asian Paints: Buy| LTP: Rs 1,535.15 | Target: Rs 1,654 |Stop Loss: Rs.1,485| Upside 7.75%</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">After a prolong consolidation Asian Paints managed to break out from the level of Rs 1,522 in the month of August. Asian Paints is consistently outperforming the Nifty on monthly as well as weekly price scale.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The upper side of the said Triangle pattern is placed at Rs 1,520. The support level for the stock is placed at Rs 1,520-1,530. The breakout will fail if the stock closes below Rs 1,480 on the downside.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the higher side, the stock will resume its upward trend and make new 52-weeks high only a close above Rs 1,622 which could further take the stock towards Rs 1,654 levels.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Traders can accumulate the stock in the range of Rs 1,520 - 1,540 for the target of Rs 1,654, and a stop loss below Rs 1,485.Kotak Mahindra Bank: Sell| LTP: Rs 1,426.45 | Target: Rs 1,310 |Stop Loss: Rs 1,500|Downside 7.74%</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">From the last week of May 2019 till the last week of August 2019, Kotak Bank was trading in the range of Rs 1,444-1,544. The stock broke down from the said range last week and continues to trade below the range.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">RSI on the weekly basis has already given a bearish indication by reading below 50 this week. The stock is also penetrated 20-EMA on a weekly basis. Triple exponential moving average of 20 periods is supporting the bears, and the upside seems to be capped around Rs 1,500.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In the coming few weeks, lower levels of Rs 1,310 may be checked by Kotak Bank. Traders can sell the stock in the range of Rs 1,420 - 1,425 for the target of Rs 1,310 with a stop loss above Rs 1,510.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Maruti Suzuki India: Sell| LTP: Rs 5,830.75 | Target: Rs 5,250 |Stop Loss: Rs.6,400|Downside 10%</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The stock is consistently in a bear grip. The last pullback finished around Rs 6,400 levels where it gave a breakdown post prolonged consolidation.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In the process, it has completed 50 percent retracement of the last fall. Now, the stock is supposed to resume its bear trend and make a new 52-weeks low in the process.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">RSI is supporting the bears. It is also trading below 20 & 50-day EMA and Triple exponential moving average of 20.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The stock may be sold in the range of Rs 5,800-6,000 for the target of Rs 5,250, and keep a stop loss above Rs 6,400.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-48053834665256045452019-09-04T11:52:00.001+05:302019-09-04T11:52:27.977+05:3006 सितंबर को आंध्र बैंक (Andhra Bank) का बोर्ड करेगा विलय पर विचार<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="background-color: white; font-family: Arial; line-height: 34px; margin-bottom: 12px; text-align: justify;">
<span style="font-size: x-large;">आंध्र बैंक (Andhra Bank) के शेयर में 2% से ज्यादा की कमजोरी देखने को मिल रही है।</span></h3>
<div style="background-color: white; font-family: Arial; line-height: 34px; margin-bottom: 12px; text-align: justify;">
<br /></div>
<div style="background-color: white; font-family: Arial; line-height: 34px; margin-bottom: 12px; text-align: justify;">
<span style="font-size: large;">शुक्रवार 06 सितंबर को आंध्र बैंक के निदेशक मंडल की बैठक होने जा रही है, जिसमें सरकार द्वारा प्रस्तावित आंध्र बैंक, कॉर्पोरेशन बैंक (Corporation Bank) और यूनियन बैंक ऑफ इंडिया (Union Bank of India) के विलय पर विचार किया जायेगा। इन तीनों बैंकों के विलय से 14.59 लाख करोड़ रुपये के कारोबार और 9,609 शाखाओं वाला बैंक तैयार होगा।<br />बता दें कि हाल ही में केंद्रीय वित्त मंत्री निर्मला सीतारमण ने 10 सरकारी बैंकों के आपस में विलय का ऐलान किया, जिसके बाद 10 की जगह केवल 4 बैंक वजूद में रह जायेंगे।<br />बीएसई में आंध्र बैंक का शेयर 19.90 रुपये के पिछले बंद भाव की तुलना में मजबूती के साथ 20.10 रुपये पर खुला। मगर शुरुआत में ही यह लाल निशान में पहुँच गया और साढ़े 10 बजे के करीब 19.30 रुपये के निचले स्तर तक फिसला।<br />करीब सवा 11 बजे बैंक के शेयरों में 0.45 रुपये या 2.26% की कमजोरी के साथ 19.45 रुपये पर कारोबार हो रहा है। इस भाव कंपनी की बाजार पूँजी 5,804.83 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 34.85 रुपये और निचला स्तर 17.20 रुपये रहा है। </span></div>
<div style="background-color: white; font-family: Arial; line-height: 34px; margin-bottom: 12px; text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="background-color: white; font-family: Arial; line-height: 34px; margin-bottom: 12px; text-align: justify;">
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; -webkit-text-stroke-width: 0px; background-color: #f3fdfe; color: rgba(0, 0, 0, 0.54); flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
</div>
</div>
<br />
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; display: block; font-family: Roboto, sans-serif; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-9710946428005619852019-09-04T11:47:00.000+05:302019-09-04T11:47:21.352+05:30एचसीएल टेक खरीदें और हिंडाल्को बेचें <div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज बुधवार के कारोबार में एचसीएल टेक (HCL Tech) में खरीदारी और हिंडाल्को (Hindalco) में बिकवाली की सलाह दी है।</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- एचसीएल टेक (1,111) सितंबर फ्यूचर को 1116.00-1118.00 रुपये के बीच खरीदें</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- पहला लक्ष्य 1125.6 रुपये, दूसरा लक्ष्य 1138.4 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- घाटा काटने का स्तर (स्टॉप लॉस) 1108.4 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- हिंडाल्को (178.3) सितंबर फ्यूचर को 177.50-178.00 रुपये के बीच बेचें</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- पहला लक्ष्य : 176 रुपये, दूसरा लक्ष्य 173.5 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">- घाटा काटने का स्तर : 179.5 रुपये</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं।</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-56998269924735676292019-09-04T11:41:00.001+05:302019-09-04T11:41:14.063+05:30Oil prices recover some ground, but economic concerns weigh<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB8fO1F-VnpyI3BiyboZdd3Y8Bv-TdkGI-YxWS9D9Y26HAUn-iO7f0dHus7vav2sLQjnE5batXtAeNynwWQxZlZPyRwtTp05dwxGEKvdmx8-QBl_WNWOwtQY88N_RCn-Fa33twNINXpWA/s1600/commodities_mclink_29aug1-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB8fO1F-VnpyI3BiyboZdd3Y8Bv-TdkGI-YxWS9D9Y26HAUn-iO7f0dHus7vav2sLQjnE5batXtAeNynwWQxZlZPyRwtTp05dwxGEKvdmx8-QBl_WNWOwtQY88N_RCn-Fa33twNINXpWA/s640/commodities_mclink_29aug1-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Brent crude was up 12 cents, or 0.21%, at $58.38 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures gained 20 cents, or 0.37%, at $54.14 a the barrel.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Oil prices sunk to a nearly one-month low on Tuesday following data that showed U.S. manufacturing activity in August contracted for the first time in three years and eurozone manufacturing activity contracted for a seventh month in August.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">But global markets bounced on Wednesday after a private survey showed that activity in China's services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in over a year.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">China is the world's second-largest oil consumer and the largest importer.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Given the tumble that we saw overnight it's probably people locking in gains on shorts or perhaps establishing new longs in anticipation we might get an announcement from Beijing (on setting a date for trade talks with the United States)," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">A short position is when an investor sells futures in expectations of falling prices while a long position is when one buys futures to profit from rising prices.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">U.S. President Donald Trump on Tuesday warned he would be "tougher" on Beijing in a second term if trade talks dragged on, compounding market fears that ongoing trade disputes between the United States and China could trigger a U.S. recession.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Market participants are becoming increasingly worried about recession risk," said Stephen Innes, a market strategist at AxiTrader. </span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Moreover, given that tariffs present a significant threat to U.S. growth and in turn, the health of the global economy, oil prices will remain under pressure especially if trade and tariff war shows no sign of abating."</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Data due this week on U.S. inventory levels will be delayed by a day to Wednesday and Thursday because of the U.S. Labour Day holiday on Monday.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">U.S. crude oil stockpiles likely declined for a third straight week, a preliminary Reuters poll showed on Tuesday.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the supply side, Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, following tougher U.S. sanctions.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
<div style="font-size: 15px;">
<span style="font-size: medium;"><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;"><br /></span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-57439895900484673632019-09-04T11:37:00.003+05:302019-09-04T11:37:57.946+05:30Gold steady near six-year high on growing recession fears<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Gold held steady on Wednesday after rising 1% in the previous session, with prices hovering near a more than six-year high on heightened fears of a global recession following weak U.S. data, the prolonged Sino-U.S. trade spat and Brexit uncertainties.</span></h3>
<div class="separator" style="clear: both; text-align: center;">
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPphJA6j5ElSKO0fpAvnqnONtaoFGq5BG9KgQ8q6qawM9O-ZcVK8NT5_HWH6Fzn6WxUouewm1UxGUV0S85VVzv67tNyJ6v-7peDe9LAgz-pE1DxtF2uhRUj2XDVg4qcuAlSO3JO68hAHw/s1600/Gold-silver.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="415" data-original-width="700" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPphJA6j5ElSKO0fpAvnqnONtaoFGq5BG9KgQ8q6qawM9O-ZcVK8NT5_HWH6Fzn6WxUouewm1UxGUV0S85VVzv67tNyJ6v-7peDe9LAgz-pE1DxtF2uhRUj2XDVg4qcuAlSO3JO68hAHw/s640/Gold-silver.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Spot gold slipped 0.2% to $1,543.02 per ounce at 0407 GMT, but near last week's $1,554.56, its highest since April 2013.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">U.S. gold futures were also down 0.2% at $1,552.4 an ounce.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Spot silver was up 0.7% to $19.37 per ounce, after hitting $19.57 earlier, its highest since September 2016.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">With no agreement on the U.S.-China trade front, investors remain nervous, said Michael McCarthy, chief market strategist at CMC Markets, adding that uncertainties following a parliamentary vote in the UK are a positive for gold.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">British lawmakers defeated Boris Johnson in parliament on Tuesday in a bid to prevent him taking the country out of the EU without a divorce agreement, prompting the prime minister to announce that he would immediately push for a snap election.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Adding to gold's safe-haven appeal was U.S. manufacturing data that showed activity contracted for the first time in three years last month and President Donald Trump's threat that he would be "tougher" on Beijing in a second term if trade talks dragged on.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Rising U.S. rate cut expectations over lacklustre economic data will boost bullion appeal as traders ease up on U.S. dollar strength," Phillip Futures analyst Benjamin Lu said in a note.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Traders have almost fully priced in a 25 basis point interest rate cut at the Federal Reserve's meeting later this month, according to CME's FedWatch tool.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The dollar index was down 0.1% against a basket of currencies, while Asian stocks bounced led by Chinese markets after a report showed growth in the country's service sector accelerating despite broader economic headwinds.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Spot gold faces a resistance at $1,546 per ounce, a break above which could lead to a gain into the range of $1,568-$1,595, according to Reuters technical analyst Wang Tao.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 1.34% to 890.04 tonnes on Tuesday.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Elsewhere, spot platinum dipped 0.2% to $956.04 per ounce and palladium was down 0.3% at $1,537.50.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-36327977317663751452019-09-04T11:35:00.001+05:302019-09-04T11:35:20.727+05:30Tata Motors extends fall, down 5%; possible contra buy at current levels<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">The management of Tata Motors is hopeful of recovery in auto sales after the recent measures introduced by the government.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC4H1Ya-aYhAo-uex1TdSYbjbf8QSdKuY6qz4rECJP8opdpF8iJdjky52wtQaaVl-2RQMqoiKTsDOz8gt2szLgW8FWBGRg_tw2SdatTJLJOCyPNuOWMZp_JMqGq5cLPUrlr144nY2nozw/s1600/RTX2QABF-673x435.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="435" data-original-width="673" height="412" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC4H1Ya-aYhAo-uex1TdSYbjbf8QSdKuY6qz4rECJP8opdpF8iJdjky52wtQaaVl-2RQMqoiKTsDOz8gt2szLgW8FWBGRg_tw2SdatTJLJOCyPNuOWMZp_JMqGq5cLPUrlr144nY2nozw/s640/RTX2QABF-673x435.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">A day after falling more than 3 percent, Tata Motors extended its decline on September 4 after the automaker reported a 58 percent decline in domestic passenger vehicle sales in August.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The company sold 7,316 units against 17,351 vehicles in the same month in 2018, Tata Motors said in a statement.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Shares of the global automaker plunged 5 percent intraday trade on Wednesday and were trading near its 52-week low of Rs 106.20.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Tata Motors is already down more than 30 percent in 2019, weighed down poor domestic and JLR sales globally.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Tata Motors commercial vehicles business unit president Girish Wagh said subdued demand sentiment due to poor freight availability, lower freight rates and a slowdown in the economy continued to hamper the demand for commercial vehicles.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“We are looking forward to a positive impact of the recently announced stimulus package by the government,” Wagh said.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">After the sharp fall, some analysts feel that it could be a contra buy around Rs 106-108 levels, with a near-term target of Rs 125. The stock has been in the bear grip for months now and touched a multi-year low on August 22 at Rs 106.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">“A recovery from Rs 106 will need some consolidation in the range of Rs 110-125 for at least a couple of weeks, breaching of this range on either side will strengthen the directional move.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“On the daily chart, it is still weak but on weekly charts, it is trading in the oversold zone. I would suggest a buy, better when it drops around Rs 106-108 level with a target of Rs 125 in the short term, with a stop loss of Rs 100 in a month’s time.”</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><br /></span></span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-61995688934925009132019-09-04T11:31:00.001+05:302019-09-04T11:31:38.657+05:30Nifty, Sensex tepid on slowdown concerns; Tata Motors drags<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Indian shares were subdued on Wednesday as index heavyweights lagged amid weak global cues, following a sharp slump in the previous session due to heavy foreign outflows from capital markets.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYcmpVCY7zefg-kwhgWeTQHPna4HHF8Iq9EVtgkW9RY-hAocwLblqImFxWHgnnzU9G1FuiCqbO2v4NbV3Ceb2rQKLUS3yZ_br4k1R5AUzYvkPvvNx3Sim_fC04nlmO4udQeohjtyYO3NY/s1600/aa-Cover-vs7abskkh0lt2tt0h2ib6ftv72-20180922021318.Medi.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="448" data-original-width="800" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYcmpVCY7zefg-kwhgWeTQHPna4HHF8Iq9EVtgkW9RY-hAocwLblqImFxWHgnnzU9G1FuiCqbO2v4NbV3Ceb2rQKLUS3yZ_br4k1R5AUzYvkPvvNx3Sim_fC04nlmO4udQeohjtyYO3NY/s640/aa-Cover-vs7abskkh0lt2tt0h2ib6ftv72-20180922021318.Medi.jpeg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The broader NSE Nifty was down 0.27% at 10,769 as of 0519 GMT, while the benchmark BSE Sensex was 0.21% lower at 36,484.86.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Domestic stock markets and the rupee had plunged on Tuesday after data last week showed the economy grew at its weakest pace in over six years.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Foreign investors pulled out 20.16 billion rupees ($281.99 million) from capital markets on Tuesday, according to NSE data.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Trade sentiment globally remained subdued after data showed the U.S. manufacturing sector contracted in August for the first time since 2016 amid worries about a weakening global economy and rising trade tensions between China and the United States.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"As far as the domestic economy is concerned, the news flow is all negative, with growth concerns worsened by weak auto sales," said Neeraj Dewan, director, Quantum Securities.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"There is nothing positive coming investors' way for them to buy into equities. Some long term investors with deep pockets have to take a call on whether this is a bottom for the economy or not, only then will you see a revival happen."</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The rupee recovered slightly to trade at 72.25 against the dollar on Wednesday, versus the last close of 72.4 but was trading near the day's low.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Shares of Sun Pharmaceutical Industries Ltd fell as much as 5.2% after a report said that India's market regulator ordered a forensic audit against the drugmaker to look into allegations of financial irregularities and lapses in corporate governance standards.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Automaker Tata Motors Ltd declined 5.2% and was the top percentage loser on both the indexes.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">IndusInd Bank Ltd dropped 3.5%, while heavyweight conglomerate Reliance Industries Ltd slid 1.7% to its lowest in nearly four weeks.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-2265617074703098762019-09-04T11:08:00.000+05:302019-09-04T11:08:09.125+05:30Vision set for global scale PSU banks in India<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Reduction in the cost of borrowing and improved income opportunities will boost revenues and can increase the bottom line of the new entities.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4YomZMmHpucbpRjdAkdzw-CUWvVxHQz8b8JkEtp8Uu20dOcxsGnRhydBjEvzxmpiuO2Teo4r11SiaC_GlL1jJOLwQpARr0g_DJi1uVwjlE7d5JtQt589CQnuxagI2fyTCJtumWuVgL5E/s1600/Planning-to-invest-in-Mutual-funds_02-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4YomZMmHpucbpRjdAkdzw-CUWvVxHQz8b8JkEtp8Uu20dOcxsGnRhydBjEvzxmpiuO2Teo4r11SiaC_GlL1jJOLwQpARr0g_DJi1uVwjlE7d5JtQt589CQnuxagI2fyTCJtumWuVgL5E/s640/Planning-to-invest-in-Mutual-funds_02-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In the latest episode of the mini-budget press meet series, Finance Minister Nirmala Sitharaman announced another major measure towards making India a $5-trillion economy. To create global sized banks, the merger of 10 public-sector banks (PSBs) into four entities was announced so that the struggling sector is streamlined, revived and rejuvenated.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">From a global perspective, we don’t have a single bank among the Top 20. For example, five biggest banks of China, which find a place in the Top 20 list, have contributed to growth in all major sectors. Lower funding costs and technological scalability of large banks assure that banking services are accessible to the last person.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Post mergers, more than 80 percent of the PSB business will be with 12 banks that will ensure they have a strong business book with an all-India presence.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Geographical presence, technological platforms and cultural aspects among the new entities will help in realising operational synergies and lending capacity will be enhanced, which, in turn, can improve credit growth.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Reduction in cost of borrowing and improved income opportunities will boost revenues and can improve the bottom line of the new entities.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Announcement of capital infusion, asset quality review (AQR) mechanism, good pace of recovery of bad loans and insolvency and bankruptcy code (IBC) framework have resulted in the reduction of GNPAs and increased the provision coverage ratios of these banks, which can make sure that they lend aggressively to revive growth.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Even after fresh infusion of capital, few weaker banks are likely to stay in the prompt corrective action framework. Few banks may use the new money to lend instead of provisioning for existing loans.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">However, more funds are required to meet regulatory requirements and business growth. An overall careful allocation of recapitalisation funds has ensured that all the new entities are on a level playing field in terms of capital requirements and business growth.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Creation of position of a non-executive chairman, recruitment of a chief risk officer and performance appraisal of general managers will ensure best talent and professionalism in PSU banks, which can give strong competition to their private sector counterparts. Linking of SWIFT messaging system with core banking will help detect frauds and also ensure best practices are put in place.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Apart from allocating capital, we can assess that the government is trying to bring in some good governance practices in the PSU banking sector.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">All the above steps can reduce the valuation gap between the private and public sector banks. Apart from technological and financial benefits, careful deployment of manpower, without any retrenchment, ensures that the government is considerate about employees.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the other hand, clarity has to emerge on who will be handling these mergers and heading these mammoth banks.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">One hopes that various nuances, procedures and rigour associated with the execution of such big-ticket mergers doesn't divert the attention of top PSU bankers from the need to push credit growth with due diligence, which is the number one priority, given that the GDP growth rate has slowed to 5 percent.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Post amalgamation, minority shareholders did not gain much from SBI and Bank of Baroda. Further reforms like privatisation of major PSBs, bringing down the government’s stake and control will ensure that shareholders’ wealth is not eroded.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Speedy resolution of issues at IBC and implementation AQR framework for non-banking financial companies will further strengthen the financial space.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">With these reforms, the finance minister has tried to ensure that the foundation of the PSU banking sector is strengthened and reflect the government's commitment to providing required financial base to take the economy towards the $5-trillion mark.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">PSU banking stocks are expected to be buoyant in the coming days, as more reforms are expected. In the short term, with the positive sentiment, short covering is likely in the beaten-down PSU banking stocks. The medium-term price trajectory will depend on the merger ratios. The long-term price performance of these stocks will depend on the working style, business growth and asset quality in the coming quarters.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-66692256219471122552019-09-04T10:52:00.000+05:302019-09-04T10:52:02.140+05:30Thanks to indelectable macro data, appetite for fresh investments is low<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Market participants had a tough time digesting the slew of negative macroeconomic data served over the weekend. And, the sharp fall in Indian stock market indices mirrors that pain very well.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgN3JeactRgZ9TN-8W_Q4wjyTvfZO_TOzWUf_Sc_vWLsqMK62sizYpI2BTnqypiqz_5z_4KWBIiRdve9YNsZrSsNY7c46J8qAkEh9bDiiuUTFkwFKSAkdvmQuEtzb_M7-_uX5eOBePfCEM/s1600/download+%252861%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="194" data-original-width="259" height="479" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgN3JeactRgZ9TN-8W_Q4wjyTvfZO_TOzWUf_Sc_vWLsqMK62sizYpI2BTnqypiqz_5z_4KWBIiRdve9YNsZrSsNY7c46J8qAkEh9bDiiuUTFkwFKSAkdvmQuEtzb_M7-_uX5eOBePfCEM/s640/download+%252861%2529.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty and the Sensex shed more than 2% each on Tuesday, pushing the fear gauge India VIX (volatility index) up 11% to the 18-mark. Global cues weren’t very supportive either, with the Asian markets closing on a mixed note. But the decline in Indian stocks was largely due to domestic concerns.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Analysts say while the market may have factored in most of the poor data, fresh buying may not come in a hurry.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“There are media reports that the government may sell its stake in BPCL (Bharat Petroleum Corp.) to IOC (Indian Oil Corp.), which has further weighed on sentiments because this route of privatization will weaken the buying profit-making government entity. Investors feel that the government’s actions in responding to economic woes are not sufficient. They also need to be more pre-emptive with their measures. That said, most negative data has been factored in after today’s steep fall. However, investors may not be in a hurry to make large fresh investments, for now," said Deepak Jasani, head of retail research at HDFC Securities Ltd.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sharing a similar view, Dhananjay Sinha, head of the strategy and chief economist at IDFC Securities Ltd, said: “For equities, selling pressure from foreign institutional investors continues. Feedback from mutual fund distributors indicates that retail investors are wary of investing right now. Value erosion has happened in midcap and small-caps space, where mutual funds haven’t performed well. So, the appetite for fresh investments remains low."</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Not just the equity indices, the rupee also took a knock, weighed down by growth concerns. The Indian currency depreciated sharply against the greenback, sliding past the 72-mark once again. It ended Tuesday’s session at a nine-month low of 72.39/US dollar (USD).</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“The current valuation of Nifty at PEG (price-earnings to growth ratio) of 5 times indicates that multiples haven’t moderated much despite the recent correction. However, the Indian rupee has convincingly crossed the 72/USD mark, indicating that risk aversion is happening. Given the economic woes, we foresee depreciation in the rupee to around 74/USD in the near term," added Sinha of IDFC Securities.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The June quarter gross domestic product data, which was released on 30 August, was much below expectations. That apart, lower goods and services tax collections for August, falling auto sales, manufacturing Purchasing Managers’ Index survey and subdued core sector growth data, pointed to further stress on the economy.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Also, D-Street wasn’t too impressed with the government’s move to consolidate 10 public sector banks into four entities. Credit Suisse Securities (India) Pvt. Ltd said this was unlikely to revive credit growth to the liquidity-starved non-banking financial companies or have meaningful cost synergies.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-84137564225971479482019-09-04T10:30:00.001+05:302019-09-04T10:30:45.587+05:30Sun Pharma declines 5% after SEBI orders forensic audit<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">SEBI has been poring over Sun Pharma's books of accounts to look into red flags raised by the whistle-blower in his complaint.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiX9sEMpI5770q5MRIBn8uvFZGZ3hT5Hz887HdZRKT_L_htYoW9s7br20bv4yh7C_vbAYYHHtfWTZ9LkmDeJxvmgsPQxcoWHHzjv_sSGhHcs0MRGDWjNn4YGFq5QHxydIeeJYy0ZOgH_Yo/s1600/download+%252810%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="244" data-original-width="206" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiX9sEMpI5770q5MRIBn8uvFZGZ3hT5Hz887HdZRKT_L_htYoW9s7br20bv4yh7C_vbAYYHHtfWTZ9LkmDeJxvmgsPQxcoWHHzjv_sSGhHcs0MRGDWjNn4YGFq5QHxydIeeJYy0ZOgH_Yo/s640/download+%252810%2529.png" width="540" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Shares of Sun Pharmaceutical Industries declined 5 percent intraday on September 4 after SEBI ordered a forensic audit against the company.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"SEBI has ordered a forensic audit to confirm the findings of its initial inquiry," a senior SEBI official told Moneycontrol on condition of anonymity.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Also Read - SEBI orders forensic audit against Sun Pharma based on whistle-blower complaint: Sources</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The development was confirmed by another person privy to the proceedings.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">SEBI has kept a close eye on Sun Pharma's books after a whistle-blower raised some red flags against the company in its complaint to the regulator.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">At 1000 hrs, Sun Pharmaceutical Industries was quoting at Rs 424.65, down Rs 14.80, or 3.37 percent on the BSE.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-72025273705381339832019-09-04T10:20:00.003+05:302019-09-04T10:20:52.084+05:30Rupee opens higher at 72.18 per dollar<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, says ICICIdirect.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCpGTuF_GvUfOKIG7EmWsJTIG0at0IA2GOUxv5qVM9YiOvixniibGeRI-SXITShLJpPcUp5TCmLdXyNGY02wz6jSqeaCi521sJbV-Ph57SeNMpOqUExdcMxaHAHohquWtBNvMYiWPJAkE/s1600/rupee-money-currency-759.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="422" data-original-width="759" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCpGTuF_GvUfOKIG7EmWsJTIG0at0IA2GOUxv5qVM9YiOvixniibGeRI-SXITShLJpPcUp5TCmLdXyNGY02wz6jSqeaCi521sJbV-Ph57SeNMpOqUExdcMxaHAHohquWtBNvMYiWPJAkE/s640/rupee-money-currency-759.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Indian rupee gained in the early trade on Wednesday. It has opened higher by 21 paise at 72.18 per dollar versus previous close 72.39.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Also, Read - Rupee hits fresh 2019 low; likely to trade around 71-73.25 per dollar in coming weeks</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The rupee on September 3 dropped sharply by 97 paise to more than nine-month low of 72.39 against the US dollar as heavy sell-off in the domestic equity market, weak macro environment, and a stronger greenback kept investors edgy, said PTI.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Indian currency came under pressure after official data released on Friday showed that India's GDP growth fell to an over six-year low of 5 percent in the June quarter, it added.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The domestic currency settled down by 97 paise at 72.39 per dollar, logging its worst single-day fall since August 5 and the lowest closing level since November 13, 2018.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The dollar-rupee September contract on the NSE was at 72.58 in the previous session. Open interest increased 14.28% in the previous session, said ICICIdirect.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, it added.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-18697196324842191262019-09-04T09:30:00.003+05:302019-09-04T09:30:57.851+05:30Top buy and sell ideas <div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Buying Tata Consultancy Services with stop loss at Rs 2220 and target of Rs 2310 and Maruti Suzuki with stop loss at Rs 5900 and target of Rs 6350.</span></h3>
<div style="text-align: justify;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGM1dhJqYx1yaOEnCJ_zFsDJc2ZDtX6MF65OMxVc-m8IOkWHHh9vOEH9maKn357XN1SwFw8DaOvyktvzBDr2fcxKS6CpGAb-3cRu8Te9js0Ep8Xnuf7W0nQrPGrbsi6z-Rmd4Oi0Wf0dQ/s1600/Buy-Sell-Agreement.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="463" data-original-width="900" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGM1dhJqYx1yaOEnCJ_zFsDJc2ZDtX6MF65OMxVc-m8IOkWHHh9vOEH9maKn357XN1SwFw8DaOvyktvzBDr2fcxKS6CpGAb-3cRu8Te9js0Ep8Xnuf7W0nQrPGrbsi6z-Rmd4Oi0Wf0dQ/s640/Buy-Sell-Agreement.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">A strong wave of selloff enveloped the Indian equity market on September 3, dragging key indices Sensex and Nifty down by over 2 percent. Investor sentiment received a blow after official data on August 30 showed India's gross domestic product (GDP) slowing to 5 percent in April-June 2019. The GDP growth was at 8 percent in the same quarter of 2018-19.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Other than worrisome macroeconomic indicators, the rupee's fall against the dollar, weak global sentiment and sustained capital outflow of foreign funds continued weighing on market sentiment.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Nifty50 finished 225 points, or 2.04 percent down at 10,797.90, with 48 stocks in the red.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Nifty broke multiple support levels on intraday charts and closed below 10,800. The index is trading below its crucial short-term moving averages such as 20-day moving average (DMA), 5-day exponential moving (EMA), and 13-day EMA, which is not a positive sign.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">According to the pivot charts, the key support level for the index is placed at 10,724.57, followed by 10,651.23. If the index starts moving upward, key resistance levels to watch out for are 10,919.37 and 11,040.83.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty Bank index closed at 26,824.15, down 2.20 percent on September 3. The important pivot level, which will act as crucial support for the index, is placed at 26,628.83, followed by 26,433.47. On the upside, key resistance levels are placed at 27,133.33 and 27,442.47.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Tata Consultancy Services with stop loss at Rs 2220 and target of Rs 2310</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Maruti Suzuki with stop loss at Rs 5900 and target of Rs 6350</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Cadila Healthcare with stop loss at Rs 221 and a target of Rs 245</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Tata Motors with stop loss at Rs 116 and target of Rs 104</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Ambuja Cements around Rs 195 with a stop loss of Rs 198 and a target of Rs 187</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Mahanagar Gas with a stop loss of Rs 819.5 and target of Rs 848</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Punjab National Bank around Rs 60 with a stop loss of Rs 62.2 and target of Rs 55</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy Escorts with a stop loss of Rs 484.9 and target of Rs 503</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy TVS Motor with a target at Rs 375 and stop loss at Rs 350</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Asian Paints with a target at Rs 1550 and stop loss at Rs 1600</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell Century Textiles with the target at Rs 800 and stop loss at Rs 842</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell PNB with the target at Rs 50 and stop loss at Rs 62</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<div class="post-body entry-content float-container" id="post-body-3024218547426841489" style="color: #757575; font-family: Roboto, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin: 1.5em 0px 2em;">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
</div>
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-27034518329237716332019-09-04T09:26:00.001+05:302019-09-04T09:26:16.788+05:30Podcast | Stock picks of the day: Immediate support for Nifty placed at 10,700<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">The immediate support is now placed at 10,700, and a breach of which could trigger a fresh round of selling in the coming sessions.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFVsEfXE4s9t8ZMJUPbuxmQeWpy3P6USdFlSMzb7UW_1ZH8skTSEhCZy4IMzxMxzSLjBxfmUZ3t28Q5J46H4xZftj1j5LaFAelxHcCUKK_MR9WX76FewVyZPHLRlYrp0pR3dW_j95Drqo/s1600/stock_picks_of_the_day-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFVsEfXE4s9t8ZMJUPbuxmQeWpy3P6USdFlSMzb7UW_1ZH8skTSEhCZy4IMzxMxzSLjBxfmUZ3t28Q5J46H4xZftj1j5LaFAelxHcCUKK_MR9WX76FewVyZPHLRlYrp0pR3dW_j95Drqo/s640/stock_picks_of_the_day-770x433.jpg" width="640" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Despite recording a positive close last week, Indian markets opened a tad lower on September 3 and witnessed selling pressure throughout the day to end the session with sharp cuts on the back of heavy selloff seen in the PSU Banks.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">The Nifty50 failed to hold on to 11,000 levels on a closing basis as fresh short positions created in 10,900 as well as 11,000 call strikes.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">From the technical front, the Nifty broke its crucial support placed at 10,830 which was the 61.8 percent retracement level of the recent rally seen from 10,640 to 11,140.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">This is again a bearish signal for the markets moving forward. The immediate support is now placed at 10,700 and a breach of which could trigger a fresh round of selling in the coming sessions.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">However, on the higher side, 10,900 should act as strong hurdle for the Nifty going forward.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Here is a list of top three stocks which could give 6-11 percent return in the next three-four weeks:</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">United Spirits Ltd: Buy| Target: Rs 671| Stop Loss: Rs 570| Upside 10 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The stock is trading in a rising channel on the daily interval chart with the formation of higher highs and higher bottom which is a bullish sign.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Last week, we have witnessed a fresh breakout into the prices after prolong consolidation seen in the range of Rs 560-600 for more than six weeks.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">As the breakout has happened with strong volumes, we expect a follow-through buying into the stock moving forward.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Traders can accumulate the stock in the range of Rs 610-620 for the upside target of Rs 671 levels, and a stop loss below Rs 570.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Relaxo Footwears Ltd: Buy| Target: Rs 500| Stop Loss: Rs 420| Upside 11 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In the recent past, the stock took support near its 200-DEMA which was placed at Rs 400 levels and has given a sharp recovery towards Rs 450 levels in a short span of time.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Since then, the stock went into a consolidation phase and was trading in a thin range of Rs 440-415. We observed a fresh breakout into a stock above the symmetrical triangle pattern on the daily chart.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">On the weekly interval as well, the stock is maintaining its bullish trend and holding above all important moving averages.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Traders can accumulate the stock in the range of Rs 450-460 for the upside target of Rs 500 levels, and a stop loss below Rs 420.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Infosys Ltd: Buy| Target: Rs 859| Stop Loss: Rs 780| Upside 6 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">After consolidating in a broader range of Rs 760-800 levels, the stock managed to give a fresh breakout above the key resistance level of Rs 800 last week along with marginally higher volumes.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Additionally, the breakout has been observed above the Ascending triangle formation which is generally traded as a bullish pattern.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Traders can accumulate the stock in the range of Rs 810-815 levels for the upside target of Rs 859 levels, with a stop loss below Rs 780.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
<div style="text-align: justify;">
<div class="post-bottom" style="-webkit-box-align: center; align-items: center; display: flex; flex-wrap: wrap;">
<div class="post-footer float-container" style="-webkit-box-flex: 1; -webkit-box-ordinal-group: 2; clear: left; color: rgba(0, 0, 0, 0.54); flex-wrap: wrap; flex: 1 1 auto; margin: 0px; order: 1; width: inherit;">
<div class="post-footer-line post-footer-line-1" style="-webkit-box-flex: 0; background-color: #f3fdfe; flex: 0 1 auto; font-family: Roboto, sans-serif; font-size: 15px; text-align: start;">
</div>
</div>
</div>
</div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-30242185474268414892019-08-31T12:33:00.001+05:302019-08-31T12:33:30.593+05:30IL&FS receives binding bids for 10 road assets<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">IL&FS on Friday received binding bids for ten road assets in its domestic roads transportation vertical. </span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdmZ9pIJ6akPIAZJX7SEmS00l-RVbtjTD9-5izlMPlEhkIdguuvOdbBrxoFGpqTPuU-I-AQeH-BYas4Kutx6bkVdPfAR6vaiI09tnH3fbVS-ahi2tOuWgVXD8fq5FpH0bCCFdHPitKV28/s1600/58928bcf27c7e1bbc82a903ee38ca323.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="376" data-original-width="500" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdmZ9pIJ6akPIAZJX7SEmS00l-RVbtjTD9-5izlMPlEhkIdguuvOdbBrxoFGpqTPuU-I-AQeH-BYas4Kutx6bkVdPfAR6vaiI09tnH3fbVS-ahi2tOuWgVXD8fq5FpH0bCCFdHPitKV28/s640/58928bcf27c7e1bbc82a903ee38ca323.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">These 10 road assets, that account for a total debt of over Rs. 17,700 crores (nearly 19% of total group debt), received 14 binding bids from multiple bidders.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">This development represents yet another important milestone in the overall resolution process for IL&FS Group being undertaken by the New Board.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The 10 road assets that received binding bids include:</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">* One Green Asset – Jharkhand Infrastructure Implementation Company Limited (JIICL);</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">*Five Amber Assets - Jharkhand Road Projects Implementation Company Limited (JRPICL), Moradabad Bareilly Expressway Limited (MBEL), Chenani Nashri Tunnelway Limited (CNTL), Hazaribagh Ranchi Expressway Limited (HREL), Jorabat Shillong Expressway Limited (JSEL). (JRPICL and MBEL are in the process of being re-classified from Amber to Green on the basis of the restructuring proposals agreed with its lenders)</span></div>
<div style="text-align: justify;">
<span style="font-size: large;">* Four Red Assets - Baleshwar Kharagppur Expressway Limited (BKEL), Pune Sholapur Road Development Company Limited (PSRDCL), Road Infrastructure Development Company of Rajasthan Limited (RIDCOR), Sikar Bikaner Highway Limited (SBHL).</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The process for inviting binding bids for the road assets was launched through a public advertisement inviting expressions of interest. The ensuing comprehensive process included detailed due-diligence, in addition to organizing site visits, across project sites spread across various states.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In another key development, the NCLT, Mumbai Bench in its order dated August 28, 2019, cleared the sale of seven operating wind energy SPVs (of the IL&FS Group) to ORIX, Japan for an equity value of approximately Rs. 593 crore. In addition, ORIX has also agreed to take over the entire SPV debt totaling approximately Rs 3,700 crore.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">With these 2 developments, almost a quarter of IL&FS Group debt is being addressed.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The New Board, as part of the overall resolution process for IL&FS Group, has initiated the sale of a number of other Group assets also, which seeks to address a significant portion of Group debt. Sale processes for these assets including education, waste management, technology, real estate, and key international assets are currently underway and binding financial bids are expected in stages over the next few months.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-42543885329195992402019-08-31T12:27:00.002+05:302019-08-31T12:27:59.828+05:30Gainers and Losers: Check out the top 10 stocks which moved the most this week<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Oberoi Realty gained 23 percent along with OBC and HDFC AMC which added 20 percent and 17 percent respectively were the top gainers while RBL Bank and Vodafone Idea were the top losers.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAiNYinkxk-aTVl3KoC3TjQrXrSYdCBhWw0wPxcNWjdJADlsDhVdsf0D5qkwLfX9Gp4E4VFyxVwCXmqHoGcRfERFkxXELRKrI-qJd8d9CNCDBEpsmF7Ri_ISFqVoCdC9XUYi9gYHCI46M/s1600/stocks_BSE_Nifty_Sensex__bear_bull-2_1280-770x433+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAiNYinkxk-aTVl3KoC3TjQrXrSYdCBhWw0wPxcNWjdJADlsDhVdsf0D5qkwLfX9Gp4E4VFyxVwCXmqHoGcRfERFkxXELRKrI-qJd8d9CNCDBEpsmF7Ri_ISFqVoCdC9XUYi9gYHCI46M/s640/stocks_BSE_Nifty_Sensex__bear_bull-2_1280-770x433+%25281%2529.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Benchmark indices ended the volatile session on the higher note on the first day of the September series with Nifty above 11,000.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">At close, the Sensex was up 263.86 points at 37,332.79 while Nifty was up 85.60 points at 11,033.90. About 1384 shares have advanced, 1,122 shares declined, and 166 shares are unchanged.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Nifty closed above the psychological 11,000-mark and formed a hammer pattern on the daily chart. It also snapped a two-week losing streak and gained 1.8 percent to form a spinning-top pattern on the weekly scale.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Here are the top 10 stocks which moved the most this week:</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Top Gainers</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Oberoi Realty: up 23 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The share price of real estate major Oberoi Realty jumped over 23 percent for the week. On August 22, the share price cracked after the company gave confirmation about search operation by Income Tax authorities at the company's premises. Income Tax authorities have initiated search and seizure operations at the premises of the company from August 20, the company said in a press release.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">The I-T activity is a process as set out under the provisions of Income Tax Act, 1961, and the company is co-operating with and extending all assistance to the authorities in this regard, it added.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">However, Oberoi Realty on August 30 said that it had bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said: "the company has successfully concluded the transaction with GlaxoSmithKline Pharmaceuticals Ltd (GSK) for acquiring the lands admeasuring approximately 2,40,140 square meters (approx 60 acres) located at Thane, Maharashtra."</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Oriental Bank of Commerce: up 20 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">PSU Bank Oriental Bank of Commerce spiked over 20 percent for the week. Finance Minister Nirmala Sitharaman announced mega-merger of public sector banks which resulted in a jump in PSU bank share price. PNB, Oriental Bank of Commerce and United Bank to merge to form the second-largest PSB with a business of Rs 17.94 lakh crore.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">HDFC AMC, up 17 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">HDFC AMC gained over 17 percent with the stock spiking as much as 86 percent in the last six months. The company had posted a robust set of numbers in quarter ended June. Profit grew 42.2 percent to Rs 292 crore with asset under management growth of 18 percent YoY. Its profit in the corresponding quarter of last fiscal stood at Rs 205.3 crore. Revenue from operations increased 7 percent YoY to Rs 504.4 crore in June quarter.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Delta Corp: up 19 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Delta Corp bucked the trend as the stock closed the week with gains of over 19 percent. In the last one month, the stock was up 23 percent. Despite a muted set of Q1 numbers, research and broking firm Emkay maintained a buy call on the stock with a target price at Rs 365, implying 116 percent potential upside from current levels.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">"Rating is underpinned by a strong EPS CAGR of 28 percent over FY19-21E. Catalyst from clarification on GST taxation for the gaming industry is expected soon," the brokerage said.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Escorts: up 12 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">It has been a steady rise in the stock price of tractor maker Escorts as the scrip closed the week with gains of 12 percent. Though tractor sales have been poor with the company's Agri Machinery Segment (EAM) in July 2019 selling 4,860 tractors against 5,610 tractors sold in July 2018, the scrip managed to close the week in the green.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Petronet LNG: up 11 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Petronet LNG added 11 percent for the week with research firm Motilal Oswal maintaining a buy on the stock in the long term with a target price of Rs 305. HDFC Securities also had a buy call with a target of Rs 275 and stop loss at Rs 246 per share.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Top losers</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">RBL Bank: down 7 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The share price of RBL Bank was down over 7 percent for the week. The bank said it might see deterioration in its asset quality amid lower credit growth going ahead, triggering concerns on the stock as it fell to a 52-week low on August 28. There were also reports of some senior employees dumping shares over the past month.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">“Market transactions in RBL Bank shares by employees is a routine activity with regular exercise of ESOPs and sale of equity shares thereafter. The ESOPs exercised and sale of equity shares by the employees for the month of July 2019, is in line with the past. Further, no Management Committee member, including Key Managerial Personnel (KMP) have sold any shares on July 30 and, thereafter, till date,” the bank said in a note to exchanges.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Vodafone Idea: down 6 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Telecom major Vodafone Idea ended the week 6 percent lower with the stock down over 82 percent weighed by Jio. However, the stock managed to post over 7 percent gains in the last three days.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Based on adjusted gross revenues, including receipts from long-distance services, Vodafone Idea’s market share dropped from 32.1 percent in the quarter ended March 2019 to 27.8 percent in the last quarter. Two years ago, the combined market share of Vodafone India and Idea Cellular stood at 42.5 percent, the report added.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Also, the largest telco by subscribers Reliance Jio will continue to eat into the user base of older rivals including Vodafone Idea, and is likely to command 45 percent of the market by March 2022, India Ratings said in a report.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Jindal Steel & Power: Down 5 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Steel major, Jindal Steel & Power slipped 5 percent for the week with the stock losing ground by 25 percent in the last one month. The company posted a loss of Rs 87.4 crore for the quarter ended June 2019, better than analyst estimates. A CNBC-TV18 poll has estimated the losses Rs 272 crore. It reported a profit of Rs 110 crore in the year-ago period.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Consolidated revenue during the quarter grew 2.9 percent to Rs 9,945.6 crore compared to the previous year, with crude steel production rising 12 percent YoY and steel sales increasing 14 percent YoY.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Wockhardt: down 4 percent</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Wockhardt closed 4 percent lower for the week. The company reported a net loss which narrowed to Rs 44.98 crore for the quarter ended June 30, 2019. Total income of the company stood at Rs 871.19 crore during the quarter under review, down 14.18 percent, from Rs 1,015.14 crore reported in the corresponding period of the previous fiscal, Wockhardt said in a BSE filing.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">India Ratings and Research revised the company’s ratings for short-term Bank facilities/ commercial paper to IND A4+ from IND A3, and for long-term loan facilities rating to IND BB+/ Negative from IND BBB-/Negative.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-76856432104987098202019-08-31T12:12:00.002+05:302019-08-31T12:16:44.027+05:30Turmeric prices to head north next month onward<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Going by the sowing figures, the area under turmeric cultivation in the 2019-20 season has shrunk.</span></h3>
<div>
<span style="font-size: x-large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8QKv_LVmIG8ULQJ1lD6jYUErJ8oWG626TF7M39VaQSTGyHmGKXYjo1Hml4jsCEHmpx3WdbVBuUrZiijT1XnCZI88Hdnuz0w4NsANNJZc7rHqz5guJGvWt-AaLZQ0UTw_tsJysP-0758k/s1600/shutterstock_319292966.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="800" data-original-width="1200" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8QKv_LVmIG8ULQJ1lD6jYUErJ8oWG626TF7M39VaQSTGyHmGKXYjo1Hml4jsCEHmpx3WdbVBuUrZiijT1XnCZI88Hdnuz0w4NsANNJZc7rHqz5guJGvWt-AaLZQ0UTw_tsJysP-0758k/s640/shutterstock_319292966.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The golden spice, turmeric, is one the agricultural crops that have been hit by erratic rains in the 2019 monsoon season. Despite this, market participants are cautious. Thus, the price of this spice is not holding above Rs 7,000. One of the reasons for higher prices not persisting is demand-side fundamentals, currently a bleak picture, both in terms of domestic consumption and exports. News sources say that exports to Iran have been at a standstill since May on the expiry of the US-sanctions waiver to India. This has happened after 2018-19's record turmeric exports (more than 120,000 tonnes).</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Added to this is the actual 2019-20 crop size, it is not as bad as the market was anticipating. In fact, the crop in Nizamabad, one of the major turmeric belts in Telangana, is in very good shape. This area enjoys more than a 20 percent share of total turmeric harvested. Nevertheless, in other turmeric-growing areas, we may see output contracting perhaps because of the smaller area sown with turmeric or the erratic monsoon.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">In Nanded, Hingoli, and Basmath in Marathwada, the area is sown with turmeric are 10-15 percent lower. This region has emerged as one of the largest turmeric-growing belts, accounting for more than a 20 percent share of turmeric harvested in India.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">The AP Horticulture Department reported turmeric sowing largely lagging. Kadappa and Dugiralla belts of AP account for over 10 percent (6-7 lakh bags) of total production. Lastly, in Erode district, Tamil Nadu, the area sown with turmeric is smaller as farmers this year have shifted to more remunerative crops.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Thus, going by the sowing figures, the area under turmeric cultivation in the 2019-20 season has shrunk. If the weather in the coming months turns favorable, the yield might be higher and counter to some extent the impact of the less sown area. In either case, a drop in the price would be contained. Turmeric production in the 2018-19 season was 65-67 lakh bags.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">At present, demand (physical) is very low. However, we are now heading toward the peak demand period, September to November. The new turmeric crop arriving at markets is still four months away. Thus, there is ample headroom for turmeric prices to head north next month onward.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">MCX, NCDEX </a>Tips,<span style="color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"> for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span><br />
<span style="font-size: large;"><span style="background-color: white; color: red; font-family: "montserrat" , sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;"><br /></span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0tag:blogger.com,1999:blog-4038851031482085671.post-11936641287479920872019-08-31T12:08:00.000+05:302019-08-31T12:08:05.080+05:30Modified Butterfly: The best way to trade upcoming gyration<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: justify;">
<span style="font-size: x-large;">Especially with the weekly expiries now available for trading, deploy a butterfly strategy with a center strike at the expected and empirically proven upper bound or lower bound.</span></h3>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5_0WgPu20_Nn-at_MJzwHy-ArvMUA892cZz8tLRzBGWEdEABEC6kh7jY9m03Qq8E6iwPyspJ0yQyMgllfT8Hd277D55GppcR0sDDL0NFntXCCixjr_s8MFad8av42YqFgo1KVzPXBw9Q/s1600/BSE_Sensex_Stocks_NSE_Nifty_NSE-770x433.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="770" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5_0WgPu20_Nn-at_MJzwHy-ArvMUA892cZz8tLRzBGWEdEABEC6kh7jY9m03Qq8E6iwPyspJ0yQyMgllfT8Hd277D55GppcR0sDDL0NFntXCCixjr_s8MFad8av42YqFgo1KVzPXBw9Q/s640/BSE_Sensex_Stocks_NSE_Nifty_NSE-770x433.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">Tough times in the market often keep the traders on the fence. The riskiness, especially in Option Trade, is two dimensional with an unfavourable directional move or no move hitting hard. While there are standard strategies defined in the books for dealing with no move or directional move in isolation, none of them deals with both of them simultaneously.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Let us examine both these issues and figure out how a modified butterfly turns out to be a cheaper alternative to this peculiar situation.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Now, consider a situation where the indices have made at least two similar and proximal highs and lows, giving us an indication that there is a range that the indices might get stuck into. In such a situation, the next round of upward or downward gyration is expected to be played with.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">For this, a butterfly strategy is apt. Especially with the weekly expiries now available for trading, deploy a butterfly strategy with a center strike at the expected and empirically proven upper bound or lower bound.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;">A butterfly strategy is where we sell two Calls/Puts depending upon the upward or downward move expectation and Buy a Lower strike Call/Put and a higher strike Call/Put at equal distance. The maximum profit would be with expiry at the center strike. The maximum profit would be the difference between Buy and Sell strikes, minus the premium paid at the time of initiation.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">This is perfect for a consolidating market. However, there is still a possibility of the upper or the lower bound being taken out in the upcoming gyration. If that happens, the butterfly strategy would still yield a loss beyond the bought strikes.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Let us see an example of August 23 and try to seek a solution out of this. Bank Nifty was at 27,000. Now, to trade a move towards the upper band at 28,000, one would resort to a butterfly with following trades.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy 1 Lot 27,300 CE @ 190</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell 2 Lots 28,000 CE @ 55</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy 1 Lot 28,700 CE @ 15</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Maximum Profit = 700 (Difference between strikes) – 95 (190 – 110(55*2) + 15) = 605</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Maximum Loss = 95</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">This is how it will outperform another directional strategy, but it will create things unprofitable if there is a big move of ~4 percent.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Now, we want all the good from this trade i.e. the inexpensiveness, yet want to keep the upside open. In such situations the butterfly can be modified by reducing the difference between the strikes on the side where we want the profit not to turn into a loss.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">So, here a Modified Butterfly could be deployed. Let us try to modify the aforementioned trade.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy 1 Lot 27,300 CE @ 190</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Sell 2 Lots 28,000 CE @ 55</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Buy 1 Lot 28,300 CE @ 30 (Modification)</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Maximum Profit = 700 (Difference between strikes) – 95 (190 – 110(55*2) + 30) = 590</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">Maximum Loss = 110</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">There is a slight twist. Because of the nearing of the upward strike from 28,700 to 28,300 now above 27,300, wherever Bank Nifty goes, there will be at least a constant profit = 400 (the reduced difference between the strike sold above) – 110 (Premium Paid) = 290.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span style="font-size: large;">After a couple of gyrations in the range, I believe Modified Butterfly could be the best way to trade upcoming gyration along with accounting for an end of it.</span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="background-color: white; color: #5e5e5e; font-family: Montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">Best Share Market News, Click Here To Get More News - </span><a href="http://ripplesadvisory.com/" style="background: transparent; color: #6ed3cf; outline: 0px; text-decoration-line: none; transition: all 0.3s ease 0s;">Share Market Tips, Stock Market Tips</a><span style="color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;">, for 2 Days Free T</span></span><span style="background-color: white; color: red; font-family: montserrat, sans-serif; outline: 0px; transition: all 0.3s ease 0s;"><span style="outline: 0px; transition: all 0.3s ease 0s;">rial give a missed call @9644405057 and Get Share Market Services.</span></span></span></div>
</div>
Shivi Choudharyhttp://www.blogger.com/profile/03113813951353649110noreply@blogger.com0