Showing posts with label nifty index. Show all posts
Showing posts with label nifty index. Show all posts

Thursday, 6 September 2018

Nifty outlook and top trading calls

September 06, 2018

IDEAL STOCK | Nifty outlook | trading ideas

NIFTY VIEW



Nifty index after correcting from 11,750 to 11,394, has taken the support of 11400 levels, from where a bounce can be expected up to 11,550. The support for the day is seen at 37,760/11,400 while resistance is seen at 38,250/11,540. Bank Nifty, too, has corrected by 1,250 points with banks like IndusInd & Yes Bank, for now, have taken the support of 200 DMA. Bank Nifty would have a range of 27,120-27,630. The rupee too has approached its resistance of 72 from where some recovery can be anticipated.

 BUY INDUSIND BANK

 CMP: Rs 1,854.85

 TARGET: Rs 1,970

 STOP LOSS: Rs 1,800

 The stock has witnessed a decent correction from the peak of 2038 to show signs of bottoming out at around 1825 levels which is also very near to the significant 200 DMA moving average and we anticipate a bounce from here on. The RSI has also hit the oversold zone and is poised for an upward move and with the chart looking attractive and with good volume participation witnessed, we recommend a buy in this stock for an upside target of 1970 keeping a stop loss of 1800.

 BUY GLENMARK PHARMA

 CMP: Rs 673.75

 TARGET: Rs 740

 STOP LOSS: Rs 638

 The stock has been in the rising trend with strong positive bias and after a consolidation phase for quite some time at around 650 – 665 levels, it has indicated a positive bullish candle pattern in the daily chart to signify strength and can move still further upward in the coming days. With the RSI maintaining a strong pattern and with decent volume activity witnessed, we recommend a buy in this stock for an upside target of 740 keeping a stop loss of 638.
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Friday, 31 August 2018

NIFTY OUT LOOK OF THIS WEEK

August 31, 2018

Nifty closed the week on the positive note gaining around 0.70%.

As we have mentioned last week that the index is trading at the all-time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where a target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11621 and close the week around the levels of 11557.

Minor support for the index lies around 11450 to 11500. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.
The index is trading at the all-time high so virtually no resistance exists. Resistance for the index lays around 11600 to 11700. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000.
The broad range for the week is seen from 11400 on downside & 11800 on the upside.
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Wednesday, 22 August 2018

10 stocks could return up to 65%

August 22, 2018
10 stocks that corrected by up to 30% from their 52-week highs and could return up to 65%
After June quarter earnings, Motilal Oswal has come out with a list of 10 midcap stocks that have fallen by up to 30% and could now return up to 65% in the next one year



The week started on a strong note as the Nifty Index climbed to new heights on Monday and the Midcap index traded in line with benchmark indices, driven by long build-ups and short covering.

The recovery in the rupee and firm global cues on likely talks between US and China to ease trade tensions boosted investor sentiment.

"Markets are on steroids defying gravity with very strong buying momentum from DIIs and FIIs. The FIIs who have been net sellers till H1CY18 have turned net buyers providing much needed aggressive push to Indian markets," Jagannadham Thunuguntla, Senior Vice President and Head of Research (Wealth), Centrum Broking, told Moneycontrol.

Thunuguntla said that the recently-concluded earnings season has confirmed that Indian corporate earnings have become robust (even though hiccups from PSU banks remain).

But if one were to look at the performance of both indices on a year-to-date (YTD) basis, they will find that unlike large-cap stocks, which drove Sensex and Nifty to their highest-ever points, mid-cap stocks just haven't been performing up to speed.

The Sensex and Nifty have risen by around 12 percent and 9 percent, respectively, so far this year. The BSE Largecap, BSE100, BSE200 and BSE500 indices are all up 3-8 percent for the calendar.

On the contrary, despite recovering from its 2018 lows, the BSE Midcap index is still down 8 percent for the calendar.

Undervaluation of stocks and earnings recovery were the primary reasons behind the index recovering from its lows. But for stocks that are still under pressure and quite far from their 52-week highs, the weakness stems from fundamental underperformance and overvaluation. These companies will have to report even better earnings performance to quickly recover.

Half of the BSE Midcap index's constituent stocks are still in the red for this year. Of the lot, more than 40 stocks are down between 10-90 percent, while only 19 stocks are up 10-60 percent.

Every expert on the Street agreed that the sell-off in mid-cap and small-cap stocks was warranted as these indices had surged 47 percent and 57 percent, respectively, in 2017.

Despite having fallen that much, most of these stocks are still highly valued, considering their earnings for the June quarter. Experts said that if earnings recovery does not take place in next few quarters, these stocks could fall further.

"I do not know about prices, but feel that most midcaps and smallcaps are still highly overvalued. If the earnings do not grow aggressively this year, there could be a further correction in prices," Raghvendra Nath, Managing Director, Ladderup Wealth Management, told Moneycontrol.

Among the list of stocks was Petronet LNG, which corrected 21 percent from its 52-week high, and could now return 43 percent.

"Dahej continued over utilisation despite the fact that LNG prices had almost doubled YoY. We expect the same to continue. Kochi terminal's utilization would increase as Kochi refinery stabilizes and Kochi-Mangalore pipeline gets completed. Dahej would get further boost when it's expansion from 15mmtpa to 17.5mmtpa completes early next calendar year," Motilal Oswal said.

Another stock, which comes under the FMCG basket, is Emami. The stock, which is the top pick in consumer space, is expected to rally 16 percent to Rs 665.

The reasons to pick this stock among mid-caps are (a) normalisation of wholesale trade where Emami's share is higher than peers, due to which its pace of earnings growth over a low base is likely to be very strong (b) likely healthy growth in existing categories, where it has a dominant market share and (c) best-of-breed R&D and A&P resulting innovative products backed by strong marketing.

Emami's Q1 earnings missed analysts' estimates on all accounts. Domestic volumes grew just 18 percent YoY (on a low base of an 18 percent fall last year) and EBITDA margin expanded 490 bps YoY.

Of the 10 stocks on Motilal Oswal's list, RBL Bank has fallen the least, having declined only 3 percent from its 52-week high due to its strong business performance.

"NIM's expanded 6 bps QoQ (one of the very few banks to report NIM expansion) which coupled with strong fee growth enabled inline earnings. RBL further provided on its MFI portfolio taking the PCR up by 284 bps QoQ to 60.4 percent even as the credit cost in rest of the portfolio has moderated," Motilal Oswal said.

RBL guided for further provisions toward the balance one-third stressed MFI loans over Q2/Q3; bank guided for 1.5 percent return on assets for FY20E and 40-45bp of tier 1 capital consumption per quarter.

The research house expects the stock to rally 14 percent to Rs 650.

Among others are JSPL, Tata Chemicals, Mindtree, Oberoi Realty, CG Consumer, TeamLease Services and MCX.


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Tuesday, 7 August 2018

Nifty above 11,400, Sensex Flat In Pre-Opening Trade

August 07, 2018
At 09:04 hrs IST, the Sensex is up 80.63 points or 0.21% at 37772.52, and the Nifty up 49.90 points or 0.44% at 11437.00.


Rupee opens 
The Indian rupee opened marginally lower at 68.91 per dollar on Tuesday versus previous close 68.88.

 The dollar-rupee August contract on the NSE was at 69.04 in the previous session. August contract open interest increased almost 6.09% in the previous day, said ICICIdirect.

 We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

Market at pre-open
Pre-opening trends indicate that the Sensex and Nifty Index are likely to have a higher start, with the Nifty trading well above 11,400-mark. 

 At 09:04 hrs IST, the Sensex is up 80.63 points or 0.21% at 37772.52, and the Nifty up 49.90 points or 0.44% at 11437.00.
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Friday, 27 July 2018

10 Things To know About Today Market

July 27, 2018

IDEAL STOCK | 10 THINGS TO KNOW ABOUT TODAY MARKET 

A list of important headlines from across news agencies that could help you with your trade today.

The Nifty Index finally hit a fresh record high for the first time since January 29 and ended at all-time closing high on the day of July futures and options (F&O) contracts expiry Thursday, though it dropped in the red in last hour of trade.
The index formed a small bullish candle on the daily charts. The market shrugged off weakness in Asian peers.
The rally was majorly driven by banking & financials space as the Nifty Bank index gained 1.4 percent and Financial Services 1.7 percent. PSU Bank gained the most among sectoral indices, rising 5.5 percent, especially after Canara Bank earnings.
Not only Nifty but also Sensex ended at record closing high of 36,984.64, up 126.41 points. Even the entire July series was strong for the market as the Nifty and Sensex rallied 5.5 percent each.
The 50-share NSE Nifty opened higher at 11,132.95 and immediately in the first few minutes it clocked fresh record high. The index in last lost hour of trade lost all its gains and hit an intraday low of 11,125.70, but immediately regained strength and hit an intraday all-time high of 11,185.85. It closed 35.30 points higher at 11,167.30.
According to Pivot charts, the key support level is placed at 11,133.4, followed by 11,099.5. If the index starts moving upwards, key resistance levels to watch out are 11,193.5 and 11,219.7.
The Nifty Bank index closed at 27,406.40, up 375.1 points on Thursday. The important Pivot level, which will act as crucial support for the index, is placed at 27,149.3, followed by 26,892.2. On the upside, key resistance levels are placed at 27,559.3, followed by 27,712.2.

US markets end mixed; Dow up 100 points

The major stock indexes traded in different directions on Thursday as investors grappled with a disastrous quarterly report from Facebook. The Dow Jones Industrial Average rose 112.97 points, or 0.44 percent, to 25,527.07, the S&P 500 lost 8.63 points, or 0.30 percent, to 2,837.44 and the Nasdaq Composite dropped 80.05 points, or 1.01 percent, to 7,852.19.

Asian shares struggle as trade fears keep investors cautious

Asian stocks struggled to gain traction on Friday, following a mixed end to Wall Street trade and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan’s Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.

SGX Nifty

Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 25 points. Nifty futures were trading around 11,247.50 on the Singaporean Exchange.

Oil markets inch down after three days of gains

Oil prices edged down on Friday after three days of gains, but were still supported by Saudi Arabia’s halt on transporting crude through a key shipping lane, falling US inventories and easing trade tensions between Washington and Europe.

Brent futures were down 6 cents at USD 74.48 a barrel by 0043 GMT, after gaining 0.8 percent on Thursday. US West Texas Intermediate futures were also 6 cents lower, at USD 69.55, after posting a nearly 0.5-percent gain the previous session.

Reliance Industries to report Q1 earnings today
Petrochemical-retail-to-telecom conglomerate Reliance Industries will announce its April-June quarter earnings on July 27. Brokerage houses expect the company's petrochemical business to post strong results. Also in focus would be its telecom business Jio.

"We expect standalone net income to remain stable, as gains from a weaker rupee and modestly higher petchem volumes/margins will likely be offset by lower refining margins," Kotak said.

Gross refining margin (GRM) is expected to be in the range of USD 10-11 a barrel for the quarter against $11 a barrel in Q4FY18.

ICICI Bank Q1: Net profit seen down 31%, NPAs may rise

ICICI Bank, country’s largest private lender, is likely to report a 31 percent fall in net profit for the first quarter ending 2018 due to rise in provisions owing to a surge in bad loans. As per a Reuters poll, the lender’s net profit will decline to Rs 1,422 crore as against Rs 2,049 crore reported in the same quarter last year.

A Motilal Oswal report projects a net profit fall of about 7.3 percent to Rs 1,900 crore. Gross non-performing asset (NPA) ratio is likely to worsen to 10.30 percent of total loans as on June end 2018 from 7.99 percent a year ago and 8.84 percent in the previous quarter ending March 2018. Net NPA ratio is also expected to rise to 5.30 percent from 4.89 percent in June quarter ending 2017 and 4.77 percent as on March-end 2018.

Delisting of cos: Sebi proposes to allow promoters to make counter offer
Markets regulator Sebi yesterday proposed measures to provide promoters a say in the price offered to shareholders of companies that are planning to delist from stock exchanges. The proposal is aimed at plugging loopholes in the current delisting method for companies.

Issuing a draft paper, Sebi has suggested for a price discovery as per reverse book building (RRB) method, along with considering counter offer of promoter. It has suggested that in case promoter(s) give a counter offer, then the counter offer price should not be less than the book value and the counter offer should be accepted by such number of public shareholders where the promoter shareholding reaches 90 percent.

55 companies to report June quarter numbers today

As many as 55 companies will declare their results for June quarter later today which include names like Bank of Baroda, Excel Corp, HCL Technologies, ICICI Bank, M&M Financial Services, and Reliance Industries among others.

HDFC AMC IPO subscribed 5.52 times on Day 2

HDFC Asset Management Company's initial public offer was subscribed 5.52 times on the second day of the three-day bidding yesterday. The Rs 2,800-crore public offer received bids for 10,38,77,982 shares against the total issue size of 1,88,04,290 shares, according to data available with the NSE.

The IPO is of 25,457,555 shares, including anchor portion of 6,653,265 shares. Price band for the offer, which would close today has been set at Rs 1,095-1,100 per share. Kotak Mahindra Capital, Axis Capital, DSP Merrill Lynch, Citigroup Global Markets, CLSA India, HDFC Bank, ICICI Securities, IIFL Holdings, JM Financial, J P Morgan India, Morgan Stanley India and Nomura Financial Advisory are managing the issue.

stock under ban period on NSE

Securities in ban period for the next day's trade under the F&O segment includes companies in which the security has crossed 95 percent of the market-wide position limit.

For July 27, 2018, Adani Enterprises is present in this list.

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Monday, 23 July 2018

10 EXPERT MONEYMAKING IDEAS FOR JULY EXPIRY WEEK

July 23, 2018
Investors are advised to stay long as long as the index holds above 

10,750-10,700, experts said
The Nifty index consolidated throughout the week and closed flat with a slight negative bias for the week ended July 20. Things are unlikely to change this week as traders will roll over their positions from July series to August series.
Indian markets tips  consolidated amid concerns of a trade war, weak rupee-dollar as well as no-trust vote on Friday, which restricted trading within a 150 points range. Friday’s rally helped the Nifty reclaim 11,000 for the second straight week in a row.
Experts advise investors to stay long as long as the index holds above 10,750-10,700. “Last week’s action does not provide any major cue. If we combine it with the prior week’s developments, we can construe this as a lull before the storm,”
“Hence, we continue with our stance as long as the Nifty remains above 10,750–10700 levels. Till then, any intra-week decline would be a buying opportunity,” he said. Chavan sees the index gearing up for record highs and will not be surprised if it occurs over the next 1-2 weeks.
ACC: Buy| LTP: Rs 1,292.40| Target: Rs 1,397| Stop Loss: Rs 1250| Return 8%
After a multi-month correction, this counter appears to have posted a durable bottom after testing November 2016 lows of Rs 1,256 from where a big uptrend unfolded in this counter.
The last couple of weeks, price action is clearly pointing towards a decent basing formation around Rs 1,260 from the cushion of which it can be expected to register a bigger relief rally.
Hence, positional traders are advised to adopt a two-pronged strategy of buying now and on declines around Rs 1,270 for an initial target of Rs 1,397 with a stop loss of Rs 1,250.
Cholamandalam Finance: Buy| LTP: Rs 1519| Target: Rs 1595| Stop Loss: Rs 1467| Return 5%
This counter appears to be moving in a range of Rs 1,470 – 1,595 which is in line with the market indices and as it tested and bounced back from the lower end of the consolidation range it can be expected to reach the upper band whose value is placed around Rs 1,600 levels.
Hence, positional traders should buy now and on declines between Rs 1,495 - 1490 for a target of Rs 1,595. A stop-loss suggested for the trade is Rs 1,467.
State Bank of India: Buy| LTP: Rs 260.95| Target: Rs 281| Stop Loss: Rs 254| Return 8%
This counter appears to be on the verge of a breakout as it is in a consolidation mode with positive bias after registering a Bullish Engulfing formation on relatively higher volumes couple of days back.
It can face a minor hiccup around Rs 265 but once that hurdle is crossed momentum shall further get strengthened in it.
Hence, positional traders shall buy into this counter with a target of Rs 281 and a stop placed below Rs 254 on a closing basis.
Ashok Leyland: Buy| Buy range: Rs104-Rs 106| Target: Rs 135| Stop Loss: Rs 90| Return 28%
After giving a breakdown below Rs 123 levels, it slipped sharply towards its lower level but parity on the weekly time frame chart can provide a halt to the downtrend in the near-term.
RSI seems to be bottoming out in an oversold zone which raises the possibility of a bounce back on the higher side. Looking at the aforementioned rationale, one can buy this at the levels of Rs 104-106 with a stop loss of Rs 90 and an upside target of Rs 135.
Bank of India: BUY | Buy Range: Rs 81-Rs 83|Target Rs 100| Stop Loss Rs 72| Upside 20%
The weekly chart of Bank of India reveals that it has formed a Dragon Fly Doji which is a trend reversal candlesticks pattern. At the same time, positive divergence in RSI on the weekly chart is also giving the possibility of a pullback on the higher side.
The lower time frame of the chart also gave a breakout through its double bottom pattern which has created a positive rhythm on the upside.
By looking at all these supportive technical factors, one can accumulate this stock around Rs 81-83 with the stop loss of Rs 72 and a target of Rs 90 and Rs 100 levels.
Escorts: BUY | Buy Range: Rs 820- Rs 830|Target Rs 950| Stop Loss Rs 749| Return 15%
After hitting a peak of Rs 1,017, the scrip corrected sharply. Point of polarity creates the opportunity of role reversal near the levels of Rs 820-830 where it can halt its southward movement and give a chance of maintaining the favorable risk-reward ratio.
Oversold RSI and stochastic near the levels of 30 can push the scrip on the higher side. Buying momentum will develop when it surpass above Rs 880 with decent volume after which it will accelerate towards Rs 930 marks.
To justify the support at the lower level, it has to sustain above its 200-DMA which comes around Rs 827 levels.
Kaveri Seed: BUY | Buy Range: Rs 570-Rs 580|Target Rs 630| Stop Loss Rs 530| Return 9%
Kaveri Seed is trading with a higher high and higher low formation which is a sign of a positive trend. Recently, RSI which crossed 50 marks hints at a bullish tone.
At the same time, sustainability above Rs 580 –590 levels can give a spurt towards its unchartered territory near Rs 600 and Rs 630 marks. Its 200-DMA is around Rs 530 and it is trading above all the short-term moving average which is a sign of strength.
We recommend initiating a long position in KSCL around Rs 570-580 levels by keeping a stop loss at Rs 530 and the upside targets are Rs 600 and Rs 630.
Reliance Industries: BUY | Buy Range: Rs 1110-Rs 1100|Target Rs 1200| Stop Loss Rs 1060| Return 8%
After giving break out from the rising channel which was observed on the weekly chart, RIL took a sharp move on the upside and consolidated near the peaks of Rs 1,100 where it formed a Flag pattern on the daily chart.
Sustainability above Rs 1,100 –1,110 levels can give a spurt towards its unchartered territory near the levels of Rs 1,170 and Rs 1,200 mark.
However, indicator and oscillator are lending its support to its price action. One can go long near the levels of 1100-1110 with the stop loss of Rs 1,060 for the target of Rs 1,170 and Rs 1,200 mark.
IGL: Buy| LTP: Rs 278.65| Target: Rs 313| Stop Loss: Rs 260.50| Return 12%
After enjoying its multi-year Bull Run, the stock prices slipped into a corrective mode. Fortunately, the price wise correction was not as sharp as its previous years’ rally.
We witnessed a gradual decline in the last six months and due to this, we can see a formation of ‘Falling Wedge’ on the weekly chart.
The said pattern has now been broken out along with higher than average volumes. One can look to go long for a positional target of Rs.313 in coming weeks. The stop loss needs to be fixed at Rs.260.50.
Vedanta: Buy| LTP: 202.40| Target: Rs 219| Stop Loss: Rs 198| Return 8%
The entire metal pack remained in extreme distress over the last five months. We went with our contradictory bearish stance on this sector towards the fag end of the January when it was making multi-year highs.
Now, after a massive correction, we again want to have a slightly contradictory approach, as we expect limited downside from here on. At present, we are closely tracking ‘Vedanta’ which we believe is due for a decent relief move in the midst of some negativity.
Technically speaking, the stock prices have reached May 2017 lows and we are seeing a positive divergence in ‘RSI-Smoothened’ on the weekly chart.
Hence, we will not be surprised to see a decent bounce back in this stock. More importantly, it offers a low-risk trade and thus, we recommend for a near-term target of Rs.219. However, the stop loss of Rs.198 should be followed on a closing basis.

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Pre-Opening, Nifty Holds 11,000

July 23, 2018
Ideal Stock Mixed global cues as well as SGX Nifty trends likely to spill over to the market here.

Rupee opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

 The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 percent in the previous day, said ICICIdirect.

 We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

 Market at pre-open: It’s a flat start to the market in pre-opening session, with the Nifty index holding 11,000-mark. 

 At 09:01 hrs IST, the Sensex is up 42.28 points or 0.12% at 36538.65, and the Nifty up 46.60 points or 0.42% at 11056.80.

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Wednesday, 18 July 2018

Ideal Stock: Nifty seeks to gain foothold

July 18, 2018
Following Monday’s loss, the Nifty Index recovered nearly all of its losses in Tuesday’s trade as the broader market recovered. The benchmark index gained in Tuesday’s breadth and ended the day gaining 71.20 points or 0.65 percent. Market breadth, too, improved as advances outnumbered the declines. 

In Tuesday’s trade, the market chose to remain in consolidation mode rather than drifting further down. As we approach Wednesday’s trade, we expect such consolidation to continue and expect the market to trade within a broad range. However, chances of a ranged consolidation are higher, and we do not expect any major corrective decline to happen. 
On Wednesday, Nifty index is likely to see immediate resistance at 11,050 and 11,080 levels, while supports should come in at 10,965 and 10,910. In the current context, the intraday strength of Nifty has got wider in terms of finding resistance and support areas. 
The Relative Strength Index or RSI on the daily chart stood at 63.0381. It remains neutral and shows no divergence against the price. The daily MACD is bullish, as it trades above the signal line. Apart from of a white body, no significant formations were observed on the candles. 
Read Also:- how to earn by the stock market. 
Pattern analysis shows Nifty has temporarily stalled its rally and is now consolidating after a sharp move following an upward breakout. The index has successfully broken above the falling trend line pattern resistance. 
Overall, we still feel it may be a while before the Nifty resumes its upward move and tests its previous high at 11,170. However, it continues to maintain a buoyant structure and shows no sign of any serious downsides. In the event of the broader market witnessing some correction again, Nifty may continue to trade in a range while remaining somewhat volatile.

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Thursday, 12 July 2018

Nifty50 to continue rally Ideal stock

July 12, 2018
Nifty index to continue rally, may retest lifetime highs 



In a technically significant session on Tuesday, the NSE benchmark Nifty ended the day with yet another decent gain of 94.35 points or 0.87 per cent. The Nifty Index Trading has shown a breakout from a large symmetrical triangle formation and has officially failed the downward breach that it had suffered a couple of days back. 
From the present structure of the charts, though there may be a likelihood of some minor consolidation at higher levels, Nifty option has set a stage to move towards its lifetime highs again. 
We expect a positive start on Wednesday, and are likely to see the Nifty extending its upmove with some possibilities of minor consolidation happening at the higher levels. 

 Wednesday is likely to see the levels of 10,985 and 11,150 acting as resistance area for the Nifty. Supports may come in at 10,850 and 10,800 zones. 

 The Relative Strength Index (RSI) on the daily chart is 63.32, and it has marked its fresh 14-period high, which is bullish. The daily MACD stays bullish while trading above its signal line. On the candles, a Rising Window occurred. It is essentially a gap and usually transforms into continuation of the upmove. 

 The pattern analysis confirms that the Nifty has broken on the upside of a symmetrical triangle formation and has broken out above the resistance of the falling trend line and has created a stage an upmove ahead.

 Overall, the Nifty has closed above the upper Bollinger band and this signals continuation of the present rally. Though some pullback inside the band and some minor consolidation is likely, the overall stage is set for the Nifty is to move near its lifetime high once again. 

 We continue to recommend using each consolidation that the market to make fresh purchases. Overall, a positive outlook is advised for the day. 

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Tuesday, 10 July 2018

IDEAL STOCK YOU SHOULD KNOW

July 10, 2018
IDEAL STOCK | 12 things you should know :-

The Nifty Index, which started off the week on a positive note, maintained uptrend throughout the session and managed to hold on to 10,850 levels at close on Monday, backed by positive global cues.

 The index option made a bullish candle which looked like a 'Hanging Man' kind of pattern. The Nifty, which opened at 10,838.30, jumped to hit an intraday high of 10,860.35, before closing 80.20 points higher at 10,852.90.

 Try Ideal Stock Free For 2 Days! get at anytime, and learn how to earn profit in stock market with Trusted Investment Advisor. Get quick Profit Booking, market strategies, market updates, and more
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Saturday, 7 July 2018

Idea Stock View: Nifty50 forms 'Shooting Star' pattern

July 07, 2018
NEW DELHI: The Nifty index 50 faced resistance at higher level on Friday, as it ended up forming what resembled a 'Shooting Star' on the daily chart. 
Analysts see multiple resistances in the 10,820-850 zone. They say the index option needs to hold above 10,777 to carry on with the positive momentum. Friday's was the fourth consecutive session when the index made higher highs and higher lows. 

 The Nifty50 faces multiple resistance points between 10,820 and 10,850 levels, which is the 78.6 per cent Fibonacci retracement level and a downtrend line, respectively. A failure to cross these resistance points can trigger profit booking, dragging the index lower to 10,650-10,540 levels, said Aditya Agarwala, Technical Analyst at YES Securities. 

 For the day, the index rose 22.90 points, or 0.21 per cent, to 10,772. 

 Absence of a followup buying was visible in the market amid sustained supply near key hurdles, said Chandan Taparia of Motilal Oswal Securities. The Nifty50 has to hold above 10,777 to extend its move towards 10,835 level. 

 "On the weekly scale, the index has formed an Inside Bar and a Hammer candle, but at the same time it is forming lower highs from last three weeks," Taparia said. intraday stock cash tips

 Mazhar Mohammad of Chartviewindia.in said the index made a Shooting Star-like formation on the daily scale, as it witnessed mild profit booking from day’s high of 10,816. 

 "Weekly charts suggest intra-week dips are getting bought into, as has happened on multiple occasions. Even from the Elliot Wave perspective, if a contracting triangle is in progress from the high of 10,930, then the market should come under mild pressure over the next couple of sessions, culminating the last leg of this corrective structure in the form of Wave E. It should also register a higher bottom above 10,560, which should ultimately pave way for a big breakout, Mohammad said. 

 Nagaraj Shetti, Technical Research Analyst at HDFC Securities, sees rangebound movement over the next week. Only a decisive move above 10,840 level can have a positive impact in the near term, he said. 

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Friday, 6 July 2018

IDEAL STOCK |10 Things You Should Know

July 06, 2018

Bears managed to regain control of Dalal Street after a rollercoaster ride. The Nifty Index closed mildly in the red as globally investors remained cautious ahead of the implementation of tariffs by the US and China on Friday.

 The index option failed to hold on to 10,750 levels and formed a bearish candle pattern on the daily charts which also resembles a small Bearish Belt Hold kind of pattern.
Read Also :- Sensex, Nifty rangebound
The 50-share NSE Nifty after opening at 10,786.05, which was also an intraday high, traded in a range of 60 points throughout the session and hit a day's low of 10,726.25, before closing 20.10 points lower at 10,749.80.

 The consolidation indicates that index could move on either side but today's positive move in the Bank index suggested that banks may help Nifty reclaim 10,800 soon, experts said.

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By at July 06, 2018 Edit
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Tuesday, 3 July 2018

What changed for the market while you were sleeping?

July 03, 2018



The Nifty, which started with a gap-up, failed to hold on to gains and closed the session lower on Monday, forming a bearish candle on the daily charts which also resembles a 'Dark Cloud Cover' kind of pattern on the daily charts.

-:IDEAL STOCK | MARKET STATUS :-

NIFTY INDEX  10653.60  -3.7 (-0.03%)
SENSEX 35265.95  1.54 (0.00%)

GAINERS
Hero Motocorp, Tata Motors, Tech Mahindra, Dr Reddys Labs, Asian Paints

LOSERS
Vedanta, Grasim, Bharti Infratel, Titan Company,GAIL

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Thursday, 28 June 2018

Will the new investment scheme of EPFO ​​increase?

June 28, 2018

EPFO investment plan boost returns ?

Ideal Stock


Not satisfied with investments in just Sensex ETF and Nifty ETF, EPFO is planning to diversify and put in money in Nifty Next 50, Sensex Next 50 and BSE MidCap Select

Since August 2015, India’s retirement fund manager—the Employees Provident Fund Organisation (EPFO)—has gradually increased its investment in the stock market. So far, EPFO has invested over ₹ 47,431 crore in stocks. Now, it wants to diversify further and plans to seek finance ministry approval.

What’s the new plan?

Since the Employees’ Provident Fund Organization (EPFO) invests around ₹ 20,000 crore every year in equities, it thinks concentrating on just two categories of exchange-traded funds (ETFs)—Sensex ETF and Nifty ETF—will hinder its earning potential due to lack of diversification. It has now zeroed in on three more categories of ETFs—Nifty Next 50, Sensex Next 50 and BSE MidCap Select. Once implemented, the move will let EPFO invest in more listed firms, reducing the risk of concentration in a couple of ETFs.

Who will benefit?

Diversification is aimed at giving better returns to millions of EPFO subscribers. Earlier this year, EPFO booked a profit by selling equity worth ₹ 2,500 crore to buffer its earnings and offer 8.55% interest rate to subscribers. Diversification will also turn some ETFs from minuscule funds to asset-heavy funds. For example, SBI ETF Nifty index  50, where EPFO invests right now, had an asset size of ₹ 35,107 crore as of May-end. In comparison, SBI ETF Nifty Next 50 fund has an asset size of just ₹ 13 crore, and UTI Nifty Next 50 ETF ₹ 52 crore, according to Value Research.

Will diversification bring more volatility?

Yes. Investing in Nifty Next 50, Sensex Next 50 and BSE MidCap Select ETFs will bring more risk over a one, three and five-year time horizon, as per EPFO estimates. But the fund feels risk will be less and risk-adjusted return will be better over a 10-year period. Critics say that in an uncertain job market like India’s, where lakhs of people withdraw their PF money every month, investing in more risky assets will impact their returns.



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