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

Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.

After opening lower the Nifty50 traded in a negative territory amid consolidation. The index managed to recoup losses in the last hour of trade to end at record closing high for the fourth consecutive session Tuesday as investors eyed the monetary policy committee's rate decision on August 1.

The index formed bullish candle on the daily charts, which also resembles a 'Hanging Man' kind of pattern on the daily charts.

The 50-share NSE Nifty opened lower at 11,311.05 and hit an intraday low of 11,267.75, but it managed to recoup morning losses in the last hour of trade and touched an intraday all-time high of 11,366. The index closed 37 points higher at 11,356.50. India VIX dropped 1.25 percent to 12.43. Overall lower volatility suggests bulls are holding the tight grip on the market.

According to Pivot charts, the key support level is placed at 11,294.2, followed by 11,231.9. If the index starts moving upwards, key resistance levels to watch out are 11,392.4 and 11,428.3.

The Nifty Bank index closed at 27,764.15, down 78.45 points on Tuesday. The important Pivot level, which will act as crucial support for the index, is placed at 27,663.94, followed by 27,563.67. On the upside, key resistance levels are placed at 27,851.84, followed by 27,939.47.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: 

Ashwani Gujral of ashwanigujral.com

Buy Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150

Buy ACC with a stop loss of Rs 1500, target of Rs 1585

Buy Radico Khaitan with a stop loss of Rs 430, target of Rs 456

Buy Asian Paints with a stop loss of Rs 1435, target of Rs 1480

Buy Adani Ports with a stop loss of Rs 395, target of Rs 412

Sudarshan Sukhani of s2analytics.com

Buy Bharat Forge with stop loss at Rs 630 and target of Rs 660

Buy Engineers India with stop loss at Rs 131 and target of Rs 142

Buy IndusInd Bank with stop loss at Rs 1970 and target of Rs 2045

Buy Manappuram Finance with stop loss at Rs 103.5 and target of Rs 112

Buy Nestle India with stop loss at Rs 10300 and target of Rs 10800

Sell NTPC with stop loss at Rs 158 and target of Rs 147

Mitessh Thakkar of mitesshthakkar.com

Buy Bharat Electronics with a stop loss of Rs 112.5 and target of Rs 124

Sell Dewan Housing Finance with a stop loss of Rs 612 and target of Rs 578

Buy Engineers India with a stop loss of Rs 131.4 and target of Rs 145

Buy Hindustan Zinc above Rs 283 with stop loss of Rs 277 and target of Rs 296

Buy Jai Corp with a stop loss of Rs 153 and target of Rs 180

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

Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44 and sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320.

The Nifty50, after opening at fresh record high, erased gains after first hour of trade but managed to recoup those losses and remained higher for major part of the session on Monday.

The index continued its positive momentum, forming a 'Hanging Man' kind of pattern on the daily candlestick charts indicating that there could be some consolidation or correction going ahead.

The Nifty50 after opening at fresh record high of 11,296.65 hit 10,300-mark for the first time but corrected after first hour of trade to hit day's low of 11,261.45. The index managed to recoup those losses in late morning trade and hit a new intraday high of 11,328.10.

According to Pivot charts, the key support level is placed at 11,277.97, followed by 11,236.43. If the index starts moving upwards, key resistance levels to watch out are 11,344.57 and 11,369.63.

The Nifty Bank index closed at 27,842.60, up 208.2 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 27,675.77, followed by 27,508.94. On the upside, key resistance levels are placed at 27,941.57, followed by 28,040.53.

India VIX moved up by 1.52 percent to 12.49. Overall lower volatility suggests bulls are holding the tight grip on the market, experts said.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: 

Ashwani Gujral of ashwanigujral.com

Buy Bombay Dyeing with a stop loss of Rs 248, target of Rs 264

Buy VIP Industries with a stop loss of Rs 489, target of Rs 510

Buy ICICI Prudential Life with a stop loss of Rs 416, target of Rs 432

Buy Capital First with a stop loss of Rs 554, target of Rs 570

Buy Oriental Bank of Commerce with a stop loss of Rs 79, target of Rs 86

Sudarshan Sukhani of s2analytics.com

Buy Aurobindo Pharma with a stop loss at Rs 590 and target of Rs 620

Buy Bharat Electronics with a stop loss at Rs 104 and target of Rs 115

Buy Can Fin Homes with a stop loss at Rs 355 and target of Rs 375

Buy ONGC with a stop loss at Rs 160 and target of Rs 172

Sell Hindalco Industries with a stop loss at Rs 214 and target of Rs 206

Mitessh Thakkar of mitesshthakkar.com

Buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44

Sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320

Buy Mahindra & Mahindra with a stop loss of Rs 919.5 and target of Rs 960

Buy Oriental Bank of Commerce around Rs 80 with stop loss of Rs 77.5 and target of Rs 86

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Eye on RBI policy meet this week; bet on these 2 Nifty stocks for 7-10% returns

The central bank could leave policy rates unchanged but hawkish comments from the governor would be slightly supportive for the currency, says Akash Jain of Ajcon Global Services

Ajcon Global Services

On the domestic front, focus will now shift to this week's Monetary Policy Committee meeting. Expectation is that the central bank could hold rates unchanged, but hawkish comments from the governor would be slightly supportive for the currency.

Q1 FY19 results so far have been encouraging on a lower base due to Goods & Services Tax impact on earnings last year. In the coming week, around 450 companies will declare their corporate earnings. These include: Housing Development Finance Corporation (HDFC), Tata Motors, Oil & Natural GAs Corporation (ONGC), Tech Mahindra, Shree Cement, Axis Bank, Vedanta, UPL, Power Grid Corporation of India and Titan Company.

In the broader space, IDFC Bank, InterGlobe Aviation, Avenue Supermarts, Escorts, Idea Cellular, Central Bank of India, Godrej Consumer Products, IDFC, Dabur India, Bharat Electronics, Bank of India, Tata Global, Marico, Steel Authority of India and Wockhardt will announce earnings.

Investors will also keep an eye on macroeconomic data like India core infrastructure output for June, which will be released on Tuesday. India Nikkei Manufacturing Purchasers Managers' Index for July will be announced on Wednesday and Nikkei Services PMI for July on Friday.

India’s foreign exchange reserve for the week-ended July 27 and deposit and bank loan growth for the week-ended July 20 will also be released on Friday.

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Indian ADRs: ICICI Bank gains 4%, Tata Motors up 2%; Wipro, Infosys down 1%

Indian ADRs ended mixed on Friday. Tata Motors added 2.72 percent and Dr Reddy's Laboratories shed 2.56 percent.

Indian ADRs ended mixed on Friday. In the IT space, Infosys was down 0.97 percent at USD 20.34 and Wipro shed 0.97 percent at USD 5.09.

In the banking space, ICICI Bank gained 4.43 percent at USD 8.72 and HDFC Bank rose 0.38 percent at USD 109.65.

In the other sectors, Tata Motors added 2.72 percent at USD 19.25 and Dr Reddy's Laboratories shed 2.56 percent at USD 30.40.

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Stock Picks of the Day: Top 3 stocks that could return up to 10% in 1-2 months

Hadrien Mendonca of IIFL said projections indicate that the Nifty is on its way towards its potential near-term target of 11,350-11,400 levels.

It has been a week to remember for all the good reasons as benchmark indices Nifty and Sensex hit all-time high levels. Some short covering, too, aided the benchmark to enter uncharted territory.

The Nifty50 which broke out from a Symmetrical Triangle pattern two weeks back continues to build on the current up move.

Projections indicate that the Nifty is on its way towards its potential near-term target of 11,350-11,400 levels. While support levels continue to shift upwards. The short-term support is seen around 11,000 levels.

Bank Nifty, on the other hand, has begun participating in the current up move and the next leg of the rally in the market is likely to be led by the banking space.

A close above the 27,400 levels has confirmed a fresh breakout which indicates that even Bank Nifty is on its way to break past its previous all-time high of 27,652 levels. We further expect Bank Nifty to rally towards its potential target of 28,000 levels in the near term.

The bounce that we were expecting in the mid and small-cap space is finally playing out pretty well. Nifty Midcap 100 index registered 3 percent gains while the smallcap index garnered around 4 percent during the week. We expect this momentum in the broader space to continue.

The stock has been in a declining mode for quite some time and has finally broken out from a Symmetrical Triangle pattern on the daily chart.

SBI has also surpassed its long-term 200-DEMA and also convincingly closed above the same. The Relative strength index also confirms that the current strength is likely to get extended further.

We believe the stock has a potential of moving higher towards its potential target of Rs 315 in the medium-term.

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EURINR is expected to trade sideways today: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.38 percent yesterday while EURINR appreciated by 0.29 percent during the same time frame.

EURUSD appreciated by 0.38 percent yesterday while EURINR appreciated by 0.29 percent during the same time frame. Manufacturing PMI from Euro zone came in at 55.1 for June’18 against market expectations of 54.7. Also, trade talks between EU head Jean - Claude Juncker and Donald Trump went well and have likely averted a trade war scenario between the two parties. Markets will be keenly watching the ECB meeting to get clarity about the future policy stance of the central bank.

OUTLOOK EURINR is expected to trade sideways in today’s session. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Vijay Kedia raised stake in these stocks during Q1; some are down 60% this year

A close look at Kedia’s portfolio reveals that he used the correction in these companies’ stocks to increase his holding in them during the quarter
Sticking to the mantra ‘Invest like a bull, sit like a bear and watch like an eagle’, value investor Vijay Kedia raised his stake in three companies during June quarter.
The stocks of these companies have fallen by up to 60 percent so far this year.
Of the 14 companies in Kedia’s portfolio in which he held more than 1 percent at the end of the March quarter, 11 have released their shareholding pattern for the June quarter.
The investor owns more than 1 percent in each of these 11 companies. Of these 11 companies’ stocks, 8 have fallen by up to 60 percent while 3 have risen by up to 17 percent, year to date.
A close look at the changes in Kedia’s portfolio reveals that he used the correction in these companies’ stocks to increase his holding in them during the quarter gone by.
He raised his stake in Aries Agro, which is down 60 percent this year, to 3.07 percent during June quarter, from the 2.3 percent reported at the end of the previous quarter.
Everest Industries is another stock in which Kedia raised his stake. His stake in the company rose to 5.03 percent, as at the end of the June quarter, from the 3.9 percent reported at the end of the previous quarter.
Kedia also raised stake in Vaibhav Global, which has fallen a little over 7 percent so far this year, to 1.3 percent in the June quarter, compared to 1.07 percent reported at the end of the March quarter.
Kedia, who is a D-Street veteran of 28 years, added Kokuyo Camlin to his portfolio during the quarter under review. Kokuyo Camlin, formerly known as Camlin, is an Indian stationery company based in Mumbai.
Japan’s Kokuyo holds around 51 percent stake in Kokuyo Camlin, which manufactures art material, marker pens, fountain pens, inks, pencils, and other stationery products.
Kedia reduced his stake in Sudarshan Chemicals marginally to 3.28 percent during the quarter gone by from the 3.32 percent reported at the end of the previous quarter. The stock has risen nearly 18 percent since January.
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Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Britannia Industries with a target Rs 6540.

The Nifty after opening above 11,000-mark rallied sharply to hit a fresh six-month high and closed around the same level, forming bullish candle on the daily charts on Monday.

The winning of no-confidence motion by Narendra Modi government in the Lok Sabha and cut in GST rates for several products boosted investors' sentiment.

The 30-share BSE Sensex ended at record closing high of 36,718.60, up 222 points while all sectoral indices also finished in the green barring IT.

The broader markets outperformed frontliners with the Nifty Midcap index rising 1.1 percent but despite positive sentiment, more than 300 stocks hit 52-week lows.

Ashwani Gujral of ashwanigujral.com

Buy Godrej Consumer Products with a stoploss of Rs 1330, target Rs 1380

Buy Voltas with a stoploss of Rs 568,, target Rs 590

Buy Maruti Suzuki with a stoploss of Rs 9650,, target Rs 9900

Buy HUL with a stoploss of Rs 1675, target Rs 1740

Buy ICICI Prudential Life Insurance Company with a stoploss of Rs 368, target Rs 390

Sudarshan Sukhani of s2analytics.com

Buy TCS with a stoploss of Rs 1980, target Rs 2040

Buy Britannia Industries with a stoploss of Rs 6360, target Rs 6540

Buy Exide Industries with a stoploss of Rs 266, target Rs 276

Buy Granules with a stoploss of Rs 93, target Rs 99

Sell PVR with a stoploss of Rs 1170, target Rs 1110

Mitessh Thakkar of mitesshthakkar.com

Buy Granules India with a stoploss of Rs 91, target Rs 100

Buy ITC with a stoploss of Rs 276, target Rs 296

Buy Mahanagar Gas with a stoploss of Rs 832, target Rs 870

Buy Repco Home with a stoploss of 578, target Rs 640

Sell TVS Motor with a stoploss of 55, target Rs 515

Capital Ways Investment Adviser
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These 2 Nifty plays, 1 midcap could return up to 23%

Considering the derivatives expiry next week, Vikas Jain of Reliance Securities expects the market to remain volatile with respect to rollover movements in individual sectors and stocks

The Nifty traded in a narrow 150 points range last week, while individual stocks reacted sharply in tandem with their quarterly performance and management guidance. Bajaj Finance, Bajaj Finserve and RBL Bank scaled new 52-week highs after their results last week, while Ashok Leyland, Bajaj Auto and Kotak Mahindra Bank declined 20 percent, 10 percent and 5 percent, respectively.

The rupee continued to trade weak, closing near 69 levels to the dollar and weighing on bond yields and fiscal deficit.

The Nifty ended last week 0.1 percent lower, while midcap and smallcaps declined 1.1 percent and 2.4 percent, respectively.

Performance of sectors were mixed with energy and IT up 1.8 percent and 1.1 percent, while metals, pharma and realty declined 5.9 percent, 2.9 percent and 3.7 percent for the week, respectively. India VIX gained 10 percent for the week.


On the weekly chart, the Nifty has formed a Doji pattern. We continue to remain positive on the market with key support placed at 10,850, which would act as trend reversal. However, its 76.4 percent and 100 percent Fibonacci extension levels of the prior upmove (9,952-10,929) will work as a major hurdle. The latter are placed at 11,150 and 11,400 levels, respectively.

Considering derivatives expiry this week, we expect the market to be volatile with respect to rollover movements in individual sectors and stocks.

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Accumulate Federal Bank; target of Rs 101: Geojit

Geojit recommended accumulate rating on Federal Bank with a target price of Rs 101 in its research report dated July 18, 2018.

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Kerala having 1252 branches and 1696 ATMs spread across different States in India with a loan book size of ~ 92,000Cr.    Interest income grew by 15% and reflected 22% growth in NII led by strong loan growth coupled with stable NIM  PAT increased by strong 25% in Q1FY19 due to lower provisioning YoY.  Stable GNPA ratio at 3%/ and NNPA ratio slightly increased by 3bps to 1.72% in Q1FY19 against 1.69% in Q4FY18.  Loan book grew by 24% YoY with the strong growth across Retail, SME and Corporate segments, while deposits grew by 16% YoY.  Robust retail network will lead to 22% CAGR in loan book and 30% CAGR in earnings over FY18-20E.

On the back of strong PAT growth against de-growth in last quarter & with healthy earnings outlook, we value FB at 1.6x FY20E adjusted BV and recommend Accumulate with a target price of Rs 101.

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

Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.

Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.

The index remained below its psychological 11,000-mark and registered a bearish candle for the second consecutive session today. Not only frontline but also Nifty Midcap index ended lower for the second day in a row, losing 0.7 percent. In fact, all sectoral indices closed in the red except FMCG.

The current rangebound trade indicated the market eagerly awaits more corporate earnings data to get direction on either side by breaking the range of 10,925-11,080 levels, experts said.

The 50-share NSE Nifty opened higher at 10,999.50 and hit an intraday high of 11,006.50, but immediately wiped out those gains to trade in a tight range of 70 points. The index touched day's low of 10,935.45, before closing 23.40 points lower at 10,957.10.

According to Pivot charts, the key support level is placed at 10,926.23, followed by 10,895.37. If the index starts moving upwards, key resistance levels to watch out are 10,997.23 and 11,037.37.

The Nifty Bank index closed at 26,789.65, down 91.25 points on Thursday. The important Pivot level, which will act as crucial support for the index, is placed at 26,671.4, followed by 26,553.1. On the upside, key resistance levels are placed at 26,966.7, followed by 27,143.7.

Prakash Gaba of prakashgaba.com

Buy Reliance Industries with target at Rs 1135 and stop loss at Rs 1095

Buy L&T Finance Holdings with target at Rs 156 and stop loss at Rs 148

Buy Titan Company with target at Rs 900 and stop loss at Rs 850

Sell Jain Irrigation Systems with target at Rs 70 and stop loss at Rs 76

Mitessh Thakkar of mitesshthakkar.com

Buy Kaveri Seed Company with a stop loss of Rs 556 and target of Rs 590

Sell Larsen & Toubro with a stop loss of Rs 1280 and target of Rs 1215

Sell Hexaware Technologies with a stop loss of Rs 492 and target of Rs 470

Sell Pidilite Industries with a stop loss of Rs 1060 and target of Rs 1018

Sell JSW Steel around Rs 306 with stop loss of Rs 312 for target of Rs 293

Ashwani Gujral of ashwanigujral.com

Buy Yes Bank with a stop loss of Rs 387, target of Rs 405

Buy Indraprastha Gas with a stop loss of Rs 268, target of Rs 284

Buy Reliance Industries with a stop loss of Rs 1090, target of Rs 1140

Sell Dr Reddy's Labs with a stop loss of Rs 2050, target of Rs 1990

Sell Jain Irrigation Systems with a stop loss of Rs 77, target of Rs 69

Capital Ways Investment Adviser
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Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.

The 30-share BSE hit a fresh record high of 36,747.87 before closing 146.52 points lower at 36,373.44 while the Nifty Midcap index lost a percent.

The Nifty after opening at 11,060.20 moved close to last week's high to hit an intraday high of 11,076.20, but selling pressure in afternoon dragged it below the psychological 11,000-mark to hit day's low of 10,956.30.

The index closed 27.50 points lower at 10,980.50, but managed to hold its 5-DEMA of 10,972.

India VIX moved up by 6.70 percent at 13.68 levels. VIX has gone to its highest levels in last 12 sessions amid political concern.

According to Pivot charts, the key support level is placed at 10,932.47, followed by 10,884.43. If the index starts moving upwards, key resistance levels to watch out are 11,052.37 and 11,124.23.

The Nifty Bank index closed at 26,880.9 on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,747.8, followed by 26,614.7. On the upside, key resistance levels are placed at 27,100.6, followed by 27,320.3.

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Decreased volatility suggests limited Nifty downside; 3 value picks that can return up to 15%

Immediate support for the Nifty is seen around 10,800 and 10,600 levels, whereas 11,200 will act as stiff resistance, says Abhishek Mondal of Guiness Securities.

The benchmark Nifty snapped its two-day losing streak and ended higher on Tuesday with gains of over half a percent at 11,008.05. After making a cautious start, bulls tightened their grip on the Indian equity market and traded in fine fettle on fresh buying by bulls after a sharp drop on crude oil prices, strengthening dollar-rupee and optimism over better Q1 earnings.

The Nifty is continuously trading above its 76.8 percent retracement level (January to March 2018 downfall), which indicates that it has the potential to move higher around 11,171 levels (lifetime high touched in January) with an immediate support at 10,890 (76.8 percent retracement levels of January to March downfall) and 10,849 (20-day exponential moving average).

The relative strength index (RSI) is trading at 63.04, showing positive movement. The moving average convergence divergence (MACD) is trading above the zero line with a positive crossover, which indicates that the bias could remain positive in the short term. The volatility index ended down 0.95 percent at 12.82. A decrease in VIX suggests limited downside and a consolidated upmove in the market.

On the options front, maximum call open interest of 35.72 lakh contracts is seen at strike price 11,000, followed by 11,200, which now holds 32.25 lakh contracts. Maximum put open interest of 48.76 lakh contracts is seen at 10,600 strike, followed by 10,800, which now holds 46.93 lakh contracts.

As per options data, support for the Nifty has shifted higher in the July expiry compared to last week. Immediate support is seen around 10,800 and 10,600 levels, whereas 11,200 will act as stiff resistance.

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These 3 Nifty plays could return 8-13% in 1-2 months

“If the Nifty holds 10,929 levels, it can bounce towards 11,000-11,020 levels.For the uptrend to continue, 11,080 needs to be taken out decisively,” says Ashish Chaturmohta of Sanctum Wealth Management

After last week’s gains, the markets got off to a negative start with the Nifty losing 0.74 percent on Monday to close at 10,937 levels. Increase in wholesale inflation also piled pressure on the market.

The market breadth on the NSE was in favour of declines with 5 shares falling for every 1 gaining stock. The broader markets were hit hard as the BSE Mid and Smallcap indices lost 2.5 percent each for the day.

The Nifty has formed a long bearish belt hold candle for the day. The index managed to find support at previous high - 10,929 - which will now act as support.

Holding above 10,929 levels, the index can see a bounce towards 11,000-11,020 levels. For the uptrend to continue, 11,080 needs to be taken out decisively.

Trading below 10,929 on a sustainable basis will see further profit booking towards 10,880-10,860 zone. A 38.2 percent retracement of the rise from 10,557 to 11,078 levels and rising gap area of July 10 is seen.

In Nifty options, huge amount of put unwinding was seen at 11,000 from 10,600 strikes and call writing was seen in 11,000 and 11,200 strikes, which suggests that the upside is likely to capped and the market could see pressure on the downside.

India VIX needs to be watched as it is turning up from support levels after seeing a jump of 5.3 percent to 12.95 levels.

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

The 50-share NSE Nifty after opening at 11,056.90 extended gains to hit an intraday high of 11,071.35, but wiped out those gains in the morning trade itself to hit day's low of 10,999.75. It traded in a range of about 30 points for rest of the day but did not break previous day's intraday low of 10,999.65.

According to Pivot charts, the key support level is placed at 10,988.7, followed by 10,958.5. If the index starts moving upwards, key resistance levels to watch out are 11,060.2 and 11,101.5.


The Nifty Bank index closed at 26,935.95, down 90.6 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 26,858.03, followed by 26,780.17. On the upside, key resistance levels are placed at 27,058.03, followed by 27,180.17.


In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: 

Ashwani Gujral of ashwanigujral.com

Buy Asian Paints with a stop loss of Rs 1350, target of Rs 1410

Buy Britannia Industries with a stop loss of Rs 6400, target of Rs 6620

Sell REC with a stop loss of Rs 98, target of Rs 92

Sell Jet Airways with a stop loss of Rs 336, target of Rs 330

Sell Jindal Steel & Power with a stop loss of Rs 210, target of Rs 198

Mitessh Thakkar of mitesshthakkar.com

Sell Biocon with a stop loss of Rs 611 and target of Rs 575

Buy GAIL India with a stop loss below Rs 350 for target of Rs 375

Buy Piramal Enterprises with a stop loss of Rs 2490 and target of Rs 2575

Sell Canara Bank with a stop loss of 238 and target of Rs 215

Sudarshan Sukhani of s2analytics.com

Buy HDFC with a stop loss at Rs 1958 and target of Rs 1990

Buy NIIT Tech with a stop loss at Rs 1120 and target of Rs 1175

Buy Dr Reddy's Labs with a stop loss at Rs 2300 and target of Rs 2345

Sell Can Fin Homes with a stop loss at Rs 336 and target of Rs 323

Sell Cummins India with a stop loss at Rs 665 and target of Rs 635

Capital Ways Investment Adviser
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Sensex creates history: Nearly 40 stocks rise 10-30% this week

Strong global cues and fall in crude oil prices helped the index to climb record highs. The ruboff effect was seen on the small & midcap stocks as well which remained under pressure in 2018 after posting stellar returns in calendar year 2017.

The S&P BSE Sensex rose 2.4 percent to end at a fresh record closing high of 36,541.63 for the week ended July 13, but nearly 40 stocks from the BSE Smallcap index rose 10-30 percent in the same period.

The Smallcap index which remained under pressure in 2018 rose nearly 1 percent for the week ended 13 July and as many as 37 companies gave double digit returns. Stocks which gave 10-20 percent return include names like Aegis Logistics, Prabhat Dairy, KRBL, Capital Trust, IVRCL, MIRC Electronics, Action Construction, Monet Ispat, and IVRCL among others.

Stocks which rose 20-30 percent include names like Arrow Greentech Ltd (up 27 percent), followed by Pincon Spirits (up 27.4 percent), GVK Power (up 27.3 percent), Electrosteel Steels (up 27.09 percent), and RS Software (up 22.4 percent).

Strong global cues and fall in crude oil prices helped the index to climb record highs. The ruboff effect was seen on the small & midcap stocks as well which remained under pressure in 2018 after posting stellar returns in calendar year 2017.

It will not be a one-way rally unlike what D-Street witnessed in the calendar year 2017. Most analyst expect the index to consolidate further and it will not one way move on either side.

"The rally in the Sensex will not continue the way it has in the past one month, but it will be more broad-based wherein Sensex will consolidate but other indices will catch up," Jimeet Modi, Founder & CEO at Samco Securities & StockNote told Moneycontrol.

Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
info@capitalways.com
Contact Us: 08517810864


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V-Guard, Manappuram Finance can give 10-12% return in 15-21 sessions by going short

For a short to medium term perspective, Thursday high of 11,078 will act as an immediate hurdle above which index is likely to test its all-time high of 11,171.55.

After 8 weeks of long consolidation, the benchmark index finally confirmed its breakout in Tuesday’s trade by opening higher with a decent gap. Subsequently, the momentum accelerated further, with the Nifty surpassing the 11,000 mark. It rallied to 11,078.30 in Thursday’s session.

In the last hour of trade, market participants decided to take some profit off the table which had a rub-off effect as the Nifty erased some of its intraday gains. It however managed to hold on to 11,000 levels on a closing basis.

The benchmark indices is a few points away from its all-time high. However, there are certain pockets which are still trading near its 52-week low.

It doesn’t mean we are sounding bearish at this point of time. What we have seen is that the recent rally was largely fuelled by few index heavyweights. The long traders must follow a strict stop-loss on position and keep trailing their stop-losses on every rise.

For a short to medium term perspective, Thursday high of 11,078 will act as an immediate hurdle above which index is likely to test its all-time high of 11,171.55. On the flip side, 10,920 will act as an immediate support below which the strong support seen is placed at Tuesday’s gap area of 10,876–10,860.

Here are the lists of 3 stocks that could return 8-12 percent in 15-21 trading sessions:

V-Guard Industries: Sell around Rs 203 – 206| LTP: Rs 200.30| Target 180| Stop Loss: Rs 217.50| Timeframe 15 to 21 trading sessions| Return 10%

Looking at the daily chart, the stock has been in a downtrend since the past several weeks and is forming Lower Top Lower Bottom formation on the daily chart.

In that pessimism, the stock hit a low of Rs 187 which coincided with the weekly 89-EMA and saw a decent pullback towards Rs 206.

The level of Rs 206 coincided with the 61.8% retracement of its previous swing move. The daily RSI (14) signaled a negative reversal pattern. The said pattern indicates the recent bounce was merely a pullback and the current downtrend is still intact.

The weekly 9-45 EMA has signaled a negative crossover. Hence, we recommend traders to build a short position in the range of Rs 203 to Rs 206 with a price target of Rs 180. A stop loss should be placed at Rs 217.50 on the daily closing basis.

Manappuram Finance Ltd: Sell around Rs 104-106| LTP: Rs103.20| Target: Rs 91| Stop Loss: Rs 110.50| Timeframe 15 to 21 trading sessions| Return 11.8%

After posting a fresh high of around Rs 130, the stock corrected sharply and slipped below Rs 100 levels. Off late, the stock saw a decent pullback and bounced towards Rs 108 levels which coincided with the multiple resistances such as 89-EMA & 200 DMA on daily charts comes near the Rs 108 level.

During Thursday’s session, the stock resumed its downtrend and nosedived sharply. As a result, Thursday’s candle resembles a formation of a bearish engulfing pattern.

The daily RSI (14) resist near 60 levels. The overall trend is still down, therefore, we advocate traders to build a short position in the range of Rs 104 to Rs 106 with a price target of Rs 91. A stop loss should be placed above Rs 110.50.

Page Industries Ltd: Buy around Rs 28,200 – 28,000| LTP: Rs 28,139| Target: Rs 30,500| Stop Loss: Rs 26,875| Time frame 15 to 21 trading session| Return 8%

The stock confirmed its breakout from a triangle pattern during mid-June 2018 and saw an acceleration of bullish momentum. In that optimism, the stock hit a fresh all-time high of around Rs 29,675.

Subsequently, it saw a mild profit booking and gradually descend towards 28,000 levels. Looking at the daily chart, the previous swing high (on a closing basis) of June 25, 2018, comes near 28000 – 28200 zone which is likely to act as an immediate support.

The daily RSI (14) has signaled Positive Reversal. Hence, we suggest traders accumulate the stock in a range of Rs 28,200 – 28,000 with a price target of Rs 30,500 and a stop loss placed below Rs 26,875.

Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
info@capitalways.com
Contact Us: 08517810864

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Buy ITD Cementation, target Rs 150: Achin Goel


Traders can accumulate the stock in the range of Rs 133-135 for the target of Rs 150 with a stop loss below Rs 128, says Achin Goel of Bonanza Portfolio.

The price of ITD Cementation has moved above the previous swing high on the daily chart which suggests reversal of the previous trend. Moreover, the price has moved above the 21-EMA on the daily chart.

The momentum indicator, RSI (14) has shown a positive divergence on the daily chart which suggests momentum to remain positive in the near to short-term. Traders can accumulate the stock in the range of Rs 133-135 for the target of Rs 150 with a stop loss below Rs 128.

Disclaimer: The author is Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd. The views and investment tips expressed by investment experts on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
info@capitalways.com
Contact Us: 08517810864

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