NIFTY Index Chart Analysis
Need to remain cautious on the bull side of the market

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations

Financial freedom for many of us may be a top priority. Nevertheless, the complexity and diversity of the financial goals of an individual makes most of the financial products inappropriate for the purpose to attain the goals.

Glenmark Pharma, a research-led, integrated global pharmaceutical company has received approval from the Ministry of Healthcare, Russia to market Momate Rhino ( Mometasone Furoate 50mcg) metered nasal spray as an over-the-counter (OTC) product for the treatment of seasonal and perennial allergic rhinitis in patients above 18 years of age.

This section gives a recommendation of a stock having stock margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

Election fever has gripped the country. The distraction of general elections has brought volatility into the equity market as many investors are waiting on the sidelines for India’s biggest political event to end and usher in a new government at the Centre. 

 I have been a long time subscriber of the magazine. I have come to expect some quality insights from it. Keep it up! 

Markets are at all-time highs and again the investors are faced with the dilemma – whether to hold, buy fresh or sell the investments. While the valuations do not look cheap, we believe the sentiment in the market is at its best as Narendra Modi is expected to win emphatically. Along with a Modi win, the market is also factoring in business-friendly policies from the new government. 

Overall volumes in futures & options currently stand at 2.11 crore contracts with a turnover of Rs. 14,23,405.23 crore.

Overall volumes in futures & options currently stand at 2.11 crore contracts with a turnover of Rs. 14,23,405.23 crore.

We expect the upward momentum to continue, while on the upside, Nifty might face resistance around the 11,760 level. However, sustaining above the level of 11,760 will set the stage for reclaiming the all-time high level of 11,856. On the downside, immediate support is seen around the level of 11,630, which happens to be the 20-day moving average. Stocks in news: Oriental Hotels, Bank of Maharashtra, IPCA Laboratories, SBI, FDC, Jet Airways, L&T.

After a the lull and a hat-trick of declines, the Indian markets saw a scintillating rally on Wednesday with stocks racing to the finish line. However, going by the early trends among the global peers and the SGX Nifty, it seems that markets may open the session flat with negative bias on the eve of April series F&O expiry as there is no clear trend emerging. At the time of writing, SGX Nifty was trading down by 27 points at 11,710 levels. The key results expected to be announced today include Biocon, Maruti, MCX, SBI Life, Nestle India and Tata Steel.

Principal Mutual Fund had launched an open-ended scheme primarily investing in small-cap stocks. The issue closes on May 6

Delhi-headquartered lighting products manufacturer Surya Roshni informed that it has received an order worth Rs. 232 crore, on Wednesday.

V-Mart Retail has opened two new stores, one in the state of West Bengal and other in the state of Uttar Pradesh. The shares climbed up post the news.

Exports of Indian pharmaceuticals products have reported strong growth in FY19, Commerce Ministry data showed. Higher demand from major client base such as North America, Europe boosted the trend.

The stocks that are likely to witness significant movement on the bourses on April 25 are Astron Paper, Tata Elxsi, UltraTech Cement, Hexaware Technologies and Axis Bank.

In the last hour of trade on Wednesday, the BSE Sensex, Nifty and Bank Nifty surged stupendously. Sensex gained more than 500 points. Mid-cap and small-cap stocks also participated in the rally.

We often earn and spend without bothering to keep track of the expenses that we made vis-a-vis the income we earned. So, can tracking your expenses help you create wealth? Let’s find out.

Tata Global Beverages Limited (TGBL) has signed an agreement to acquire the popular brands of Dhunseri. The company's board also announced a 250 per cent dividend.

Following stocks are close to their 52-weeks low as at 12:37 p.m. on April 24, 2019.

The markets on April 24, 2019 opened up. BSE Sensex is trading at 38,644.35, up by 79.47 points and the Nifty is trading at 11,602.10, up by 26.15 points.

The company has received a letter from the USFDA classifying the inspection conducted at its Pithampur (Indore) Unit-2 facility in January 2019 as Official Action Indicated (OAI). The USFDA has stated that this facility may be subject to regulatory or administrative action and it may withhold approval of any pending applications or supplements in which this facility is listed.

Overall volumes in futures & options currently stand at 1.77 crore contracts with a turnover of Rs. 11,89,019.33 crore.

Overall volumes in futures & options currently stand at 1.77 crore contracts with a turnover of Rs. 11,89,019.33 crore.

The zone of 11,540-11,550 is a crucial level to watch out as 11,549 is the current month's lowest level and the 23.6 per cent retracement for the upmove leg from the low of 10,585-11,856 is placed at 11,556. In case Nifty falls below 11,550-11,540 zone, it may witness some more weakness towards 11,440 and 11,380 levels. On the upside, the 20-day moving average placed at 11,613 is likely to act as an immediate resistance, followed by 11,645. Stocks in news: Lupin, NBCC, Tata Power, Tata Global Beverages, SML Isuzu, Tiger Logistics, Maruti Suzuki India, NIIT Technologies, Infosys.

Judging by trends in worldwide stocks markets and early action at SGX Nifty, it appears that domestic benchmark indices will make a happy start. At the time of writing, SGX Nifty was trading higher by 37 points at 11,631 level.  Hexaware, Indiabulls Housing Finance, ICICI Pru Life, M&M Fin, Tata Elxsi and Ultratech Cement are some of the key companies announcing their earnings numbers today.

Neogen Chemicals (NCL), a Mumbai based company engaged into manufacturing of speciality chemicals is hitting the primary capital market to raise Rs 132.35 crore at uppper price band.

The index has formed the Three Black Crows candlestick pattern.The Three Black Crows candlestick pattern is a bearish reversal candlestick pattern. The pattern occurs when bears overtake the bulls during three consecutive trading sessions.

India's largest natural gas company GAIL has emerged as the frontrunner to acquire the stressed wind assets of the collapsed infrastructure financier IL&FS.

The stocks that are likely to witness significant movement on the bourses on April 24 are AU Small Finance Bank, Shree Ajit Pulp & Paper, Rajesh Exports, Meera Industries and M&M Financial Services

Aurionpro Solutions Limited, a leading global IT and IT-enabled service provider, has bagged an order from a leading public sector bank in India for setting up self-servicing KIOSKs at various locations across India.

Syndicate bank and BEML have signed a memorandum of understanding (MoU) for financing earthmoving and construction equipment manufactured by BEML. Under the MoU, BEML will nominate Syndicate Bank as a preferred financer for financing its customers.

TeamLease Services through its wholly-owned subsidiary TL Digital has completed the acquisition of IT Staffing vertical of eCentric by way of business transfer sale arrangement.

When it comes to retirement planning many people just give excuses or give some random answer to avoid it. Most of these views revolve around myths with regards to retirement planning leading people to avoid it altogether. Let’s find out what are they?

Following stocks are close to their 52-weeks low as at 1:07 p.m. on April 23, 2019.

The markets on April 23, 2019 opened gap up. BSE Sensex is trading at 38,710.01, up by 64.83 points and the Nifty is trading at 11,616.15, up by 21.70 points. 

Capacit’e Infraprojects has received two orders aggregating to Rs. 342.38 crore from private sector clients for the construction of commercial and residential buildings at Mumbai.

Overall volumes in futures & options currently stand at 1.23 crore contracts with a turnover of Rs. 8,47,297.92 crore.

Overall volumes in futures & options currently stand at 1.23 crore contracts with a turnover of Rs. 8,47,297.92 crore.

Leading paint manufacturer announced that it has resumed operations at its Vishakhapatnam plant on Monday. The company had reported a fire at the plant in the second week of April.

The level of 11,549 is a crucial support level of the index and the bull camp will closely monitor this level. A sustainable move below the 11,549 level could trigger further correction towards the levels of 11,440-11,400. On the higher side, bulls may face resistance in the range of 11,710-11,730. Stocks in news: Cipla, Biocon, Godrej Consumer Products, Essel Propack, Suven Life Sciences, Hindustan Copper, Symphony, Asian Paints, TCS.

A sharp surge in crude oil prices took its toll on the Indian markets. This was after Donald Trump administration conformed that the 6-month relief granted for purchase of Iranian oil will not be extended beyond May 2. The Indian markets are likely to open the session on the flat note on Tuesday. At the time of writing, SGX Nifty was trading with modest gains of 3 points at 11,620 levels.

Blackstone, one of the world’s leading investment firms, has entered into definitive agreement with Ashok Goel Trust to purchase majority stake in Essel Propack Limited (EPL), which is a leading speciality packaging player and the largest global manufacturer of laminated tubes.

Hexaware Technologies Limited forms Homing Pigeon candlestick pattern on the daily time frame.

Net inflow FII investments were high at Rs. 33,980 crore in March 2019 led by high expectations from the Lok Sabha election which begun from April 2019. We analysed 5 companies that got much of the FII attention, read on to know more.

The bonus amount that you recieve is like a windfall gain for you and chances are high that you might splurge. Read on to find how to utilise it in a better way. 

Himadri Speciality Chemical Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The stocks that are likely to witness significant movement on the bourses on April 23 are RBL Bank, PVR, Piccadily Agro, Goa Carbon and ACC.

Indian benchmark indices tanked on the first day of trade the week as concerns about crude oil prices rising in the international market jittered investors. The top draggers were bank stocks, while the ones supporting the index were IT stocks.

There is always a query revolving around the distribution of assets which are present internationally. So, how NRI can distribute such assets? Let’s find out.

Gravita India Limited has informed the bourses that its step-down subsidiary Gravita Tanzania Limited which is situated in Tanzania, East Africa has started commercial production of lead from its new plant having an annual capacity of 3,000 MTPA. It is the first export-oriented recycling plant in Tanzania.

Alembic Pharma announced that the company has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) Teriflunomide Tablets, 7 mg and 14 mg. The approved ANDA is therapeutically equivalent to the reference listed drug(RLD), Aubagio Tablets, 7 mg and 14 mg, of Sanofi- Aventis. Teriflunomide tablets are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

Following stocks are close to their 52-weeks low as at 2:13 p.m. on April 22, 2019.

The markets on April 22, 2019 opened gap down. BSE Sensex is trading at 38,827.25, down by 313.03 points and the Nifty is trading at 11,646.15, down by 106.65 points. 

Adani Enterprises’ wholly-owned subsidiary Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. Alpha Design Tech provides Adani Defence and Aerospace a strong Tier I capability for building a base for graduating to platform capabilities.

Shilpa Medicare has received USFDA approval for its ANDA, Busulfan injection, 60 mg/10 ml on April 18, 2018. According to IQVIA MAT Q4 2018 data, the US market for Busulfan injection, 60 mg/10 ml is approximately US$32.8 million.

Leading low-budget carrier SpiceJet partners with Emirates to provide seamless connectivity to flyers travelling to global destinations from domestic airports.

Overall volumes in futures & options currently stand at 3.28 crore contracts with a turnover of Rs. 21,63,258.86 crore.

Overall volumes in futures & options currently stand at 3.28 crore contracts with a turnover of Rs. 21,63,258.86 crore.

The bulls need to protect Tuesday’s session gap area of 11,705-11,732. On the higher side, the level of 11,800 is likely to act as a point of control and above this level, the bulls are likely to continue the rally. However, if it does not move above the 11,800 level, we expect some consolidation and some back and forth movement. Stocks in news: Avantel, Shilpa Medicare, Gravita India, The Shipping Corporation of India, Trigyn Technologies, Asian Granito.

The Indian equity markets will re-open after a long weekend and markets will first react to earnings of index bigwigs such as Reliance Industries and HDFC Bank.  While there are no clear cues from the global peers, we expect markets to begin on muted note as, at the time of writing, SGX Nifty was trading down by 9 points at 11,799.

India’s leading private bank reported strong numbers. HDFC Bank registered a 22.8 per cent growth in net interest income (NII) for the March quarter FY19 at Rs. 13,089.5 crore as against Rs. 10,657.7 crore in the Q4FY18.

The stocks that are likely to witness significant movement on the bourses on April 22 are Hindustan Foods, DCB Bank, HCL Technologies, RBL bank and Cyient

World Steel Association published a report Short Range Outlook April 2019, in which it forecasted demand growth to be at 7 per cent in 2019 as well as 2020. This comes days after the Indian Steel Association report demand growth in the same range.

HCL Technologies (HCL) has become a Google Cloud Platform (GCP) Premier Partner. This will enable enterprises accelerate the adoption of GCP at scale. The partnership further strengthens HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos, Google Cloud’s new open cloud platform, helping its clients build and manage hybrid cloud services and modernise applications with containers and microservices architectures.

Private sector lender RBL Bank reported Net Interest Income (NII) of Rs. 738.7 crore for Q4FY19 as against Rs. 500.5 crore in Q4FY18, up by 48 per cent.

Subscribers can ask their queries regarding stocks they hold and get our expert guidance.

This indicator is a measure of the percentage of Nifty 50 stocks that are trading above/below their 200-day moving average. The 200-DMA is considered important and one of the basic technical indicators that can be used to determine long-term trend of a security.

Technical Analysis of 1 Stock (with 15 days horizon).

Granules announced that the USFDA has approved its ANDA for Acetaminophen 650 mg tablets, extended-release, bioequivalent to the reference listed drug product Tylenol 650 mg tablets, extended-release.

Review on 1 stock recommended in past.

Fundamental Analysis of 1 Stock (with 180 days horizon).

1 stock recommendation based on Street Talk (with 7 days horizon)

The market had been struggling for a clear direction and consolidating in a range for a couple of weeks. Finally, Nifty moved towards the uncharted territory on Tuesday, as after a gap-up opening,

Mahindra & Mahindra, a company engaged in a range of vehicle segments including tractors, has entered into an agreement with Ford India to co-develop midsize sports SUVs.

Retail investors are the main driver of asset growth in the Indian mutual fund industry. Read on to know where does he invests and how he invests that is direct or through distributors.

Following stocks are close to their 52-weeks low as at 2:42 p.m. on April 18, 2019.

The markets on April 18, 2019 opened up. BSE Sensex is trading at 39,276.52, up by 0.88 points and the Nifty is trading at 11,790.30, up by 3.15 points. 

Having own house is a dream for every one of us and we make each and every possible effort to make it true. Undoubtedly house is one of the costliest assets that you own, that said, have you ever thought of getting your house insured?

Quess Corp’s subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction will involve Conneqt purchasing 35.35 per cent from the promoters, 26 per cent from First Carlyle Ventures Mauritius thereby acquiring majority control of 61.35 per cent. Conneqt will make an open offer to the public shareholders of Allsec to purchase up to 26 per cent of shareholding.

The debt-ridden airline operator issued a press release announcing the temporary suspension of flight operations on Wednesday night. The stock of Jet Airways dipped 27 per cent in the morning session on Thursday.

Overall volumes in futures & options currently stand at 1.54 crore contracts with a turnover of Rs. 10,54,523.93 crore.

Overall volumes in futures & options currently stand at 1.54 crore contracts with a turnover of Rs. 10,54,523.93 crore.

The gap area (11,705- 11732) of April 16, 2019, is now likely to act as a strong support zone for the index, and as long as Nifty trades above this gap area, it will trade with a positive bias. On the upside, a follow-up move above Tuesday’s high of 11,811 would open up for further upside towards the level of 11,900. Stocks in news: Quess Corp, Jet Airways, Ashoka Buildcon, Intellect Design Arena, Reliance Industries, Cipla, Eris Lifesciences, Bandhan Bank, Cadila Healthcare, Hindalco Industries.

The Indian markets saw a fantastic finish on Tuesday with the key benchmark indices hitting record closing highs. The Thursday's session may open with the bulls taking a breather and the session may open on a flat note as cues from global peers are subdued. However, market participants may follow the mantra of buy on dips on Dalal Street today and any dip towards the Tuesday’s gap area would be eyed as a buying opportunity. At the time of writing, SGX Nifty was trading at 11,852, up by 3 points. The quarterly numbers on tap are Reliance Industries, DCB Bank, Tata Sponge, RBL Bank and ICICI GI. On the general election front, the voting for second phase of the Lok Sabha 2019 has started.

For the period ended March 31, 2019, Q4FY19, the total income stood at Rs. 2,189 Lakhs for the quarter, up 16 per cent q-o-q, and Rs 6,264 Lakhs for the year, up 219 per cent YoY. Net loss stood at Rs 33 Lakhs for the quarter, down 91 per cent QoQ, and Rs 1,657 Lakhs for the year, down 35 per cent YoY.

The software company reported 18 per cent YoY revenue growth and crossed US$1 billion in annual revenue. To celebrate the same, the company's board has recommended a special dividend of Rs. 20 per share.

The stock has given a bounce from the edge of the rising trendline support formed by connecting swing lows form October 9, 2018 and it coincides with the 34-day simple moving average, considering the daily time frame. The reversal from the support is justified with good volumes.

The stock had formed Hanging Man candlestick pattern on a daily time frame. The Hanging Man candlestick pattern occurs during an uptrend and warns that prices may start falling.

Promoter holding denotes the percentage of shares held by the promoters and the promoter group in any company. Increase in the promoter shareholding shows the confidence of promoters in the company.

Lenders of the debt-ridden airline operator are finding it difficult to strike a deal for the assets of Jet Airways even as it was confirmed that the airline is now operating only five aircraft. Let us have a quick look at where things are for Jet Airways as of today.

Investments in mutual funds have increased that too from every corner of the country, however, T30 regions still contributes the most to the AUM of the domestic mutual industry.

 In the past one month, BSE Sensex has surged by 3.29 per cent, i.e. up by 1,251.32 points from 38,024.32 on March 15, 2019 to 39,275.64 on April 16, 2019. Let us see how the BSE indices have performed in one month.

Allied Digital Services Limited has bagged smart city project for Rajkot in coalition with lead bidder BSNL. The project is worth Rs. 151 crore.

Of late, things are not going so good for debt funds. First open-ended debt funds like credit funds faced the brunt of NBFC crisis and now close-ended FMPs. That said, should you move out of debt funds? Read on to know more.

Strong market conditions pushed the share price of newly listed wires and cable manufacturer Polycab India higher by almost 22 per cent to close at Rs. 654.8 per share on the NSE on debut. This is against an issue price of Rs. 538 per share.

Leading multiplex operator PVR Cinemas ties up with GyFTR (Vouchagram), an online gift voucher service provider. Movie-goers can now book tickets using these vouchers.   

NBCC is set to submit a revised bid by April 25 for the acquisition of debt-ridden Jaypee Infratech. Jaypee Infratech lenders asked NBCC to submit their plan by April 25.