Posts

Top buy and sell ideas

Image
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. 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. 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. Midcaps and small caps underperformed Sensex as their sectoral indices on BSE climbed up to 0.29 percent. 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. According to the pivot charts, the key support level is placed at 10,774.4, follow...

Podcast | Stock picks of the day: Nifty may trade between 10,800 & 11,200 in September series

Image
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. 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. 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. 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. The Nifty is largely trading in a tight 400 points range (10,800-11,200), with RSI moving around 38, projecting a downward picture. History suggests that from November 2018 to ...

06 सितंबर को आंध्र बैंक (Andhra Bank) का बोर्ड करेगा विलय पर विचार

आंध्र बैंक (Andhra Bank) के शेयर में 2% से ज्यादा की कमजोरी देखने को मिल रही है। 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। 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। 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। 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 ...

एचसीएल टेक खरीदें और हिंडाल्को बेचें

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। - एचसीएल टेक (1,111) सितंबर फ्यूचर को 1116.00-1118.00 रुपये के बीच खरीदें - पहला लक्ष्य 1125.6 रुपये, दूसरा लक्ष्य 1138.4 रुपये - घाटा काटने का स्तर (स्टॉप लॉस) 1108.4 रुपये - हिंडाल्को (178.3) सितंबर फ्यूचर को 177.50-178.00 रुपये के बीच बेचें - पहला लक्ष्य : 176 रुपये, दूसरा लक्ष्य 173.5 रुपये - घाटा काटने का स्तर : 179.5 रुपये ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है। स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं। Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Market Tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Oil prices recover some ground, but economic concerns weigh

Image
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. 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. 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. 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. China is the world's second-largest oil consumer and the largest importer. "Given the tumble that we saw overnight it'...

Gold steady near six-year high on growing recession fears

Image
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. 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. U.S. gold futures were also down 0.2% at $1,552.4 an ounce. Spot silver was up 0.7% to $19.37 per ounce, after hitting $19.57 earlier, its highest since September 2016. 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. 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 th...

Tata Motors extends fall, down 5%; possible contra buy at current levels

Image
The management of Tata Motors is hopeful of recovery in auto sales after the recent measures introduced by the government. 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. The company sold 7,316 units against 17,351 vehicles in the same month in 2018, Tata Motors said in a statement. Shares of the global automaker plunged 5 percent intraday trade on Wednesday and were trading near its 52-week low of Rs 106.20. Tata Motors is already down more than 30 percent in 2019, weighed down poor domestic and JLR sales globally. 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. “We are looking forward to a positive impact of the recently announc...