17 August 2018

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

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


The Nifty reversed gains in the second half of the session to close below its crucial support placed at 11,400 levels on Thursday. It made a bearish candle on the daily candlestick charts.
The index slipped below its 5-exponential moving average (EMA) placed at 11,401, but above 13-EMA placed at 11,349. For the momentum to continue on Friday, the index should stay above 11,366 and climb above 11,400 levels, suggest experts.
Failure of the index to hold above 11,366 which was the intraday low of Thursday, could drag the index towards 11,230 levels, they say.
The Nifty50 which opened at 11,397 rose to an intraday high of 11,449.85. It slipped below 11400 to hit an intraday low of 11,366 before closing at 11,385, down 50 points.

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India VIX moved up by 2.73 percent at 13.64 levels. On the options front, maximum Put OI is placed at 11,000 followed by 11,200 strikes while maximum Call OI is placed at 11,500 followed by 11,400 strikes.
According to Pivot charts, the key support level is placed at 11,350.87, followed by 11,316.73. If the index starts moving upwards, key resistance levels to watch out are 11,434.47 and 11,483.93.
The Nifty Bank index closed at 27,826.6. The important Pivot level, which will act as crucial support for the index, is placed at 27,733.04, followed by 27,639.47. On the upside, key resistance levels are placed at 27,966.64, followed by 28,106.67.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: 
Ashwani Gujral of ashwanigujral.com
Buy NBCC with a stop loss of Rs 73, target of Rs 81
Buy Infosys with a stop loss of Rs 1400, target of Rs 1475
Buy Berger Paints with a stop loss of Rs 325, target of Rs 340
Buy Bata India with a stop loss of Rs 995, target of Rs 1040
Buy Tata Steel with a stop loss of Rs 560, target of Rs 585
Mitessh Thakkar of miteshthacker.com
Buy Berger Paints with a stop loss of Rs 324 and target of Rs 342
Buy Dr Reddy's Laboratories with a stop loss of Rs 2300 and target of Rs 2450
Buy Godrej Consumer Products with a stop loss of Rs 1314 and target of Rs 1375
Sell Tata Power Company with a stop loss of Rs 68.60 and target of Rs 63
Sell Zee Entertainment with a stop loss of Rs 508 and target of Rs 485
Prakash Gaba of prakashgaba.com
Buy NBCC with target at Rs 80 and stop loss at Rs 71
Buy Maruti Suzuki with target at Rs 9300 and stop loss at Rs 9100
Sell Equitas Holdings with target at Rs 135 and stop loss at Rs 142

by erectusplus at 08:43:00 | 0 comments (create) - (View)

Fund managers bought these 30 'hot' stocks in July,

Fund managers bought these 30 'hot' stocks in July, do you own any?The Indian equity market was in top gear in July and the momentum carried in on August as well, with benchmark indices hitting record highs in the same period. A similar momentum was seen in the mutual fund industry, with asset base growing 5 percent to Rs 23.96 lakh crore by July-end.

Despite rising trade war worries, as well as a fall in the rupee-dollar, the Nifty scaled fresh highs in July. The portfolio rejig was as its best as mutual funds added beaten down names like ITC, State Bank of India, ICICI Bank, NTPC, and Larsen & Toubro, Edelweiss Research said in a note.
Most of these bets have worked out really well as is evident from the sharp jump in many names after the Q1 FY19 results. On the other hand, profit booking was seen in Maruti Suzuki, Kotak Mahindra Bank, HDFC Bank, Bajaj Finance and IndusInd Bank, it said.
Inflows were driven by participation from retail investors via the systematic investment (SIP) route. Retail equity assets under management touched Rs 10 lakh crore last month from Rs 9.61 lakh crore at June-end.

“Markets have been volatile since the start of the year. Investors have remained sanguine about the market, despite global challenges and domestic news flow. Though the market fell, investors have remained patient,” Jinesh Gopani, Head - Equity, Axis Mutual Fund, said.
“SIP inflows are a good barometer for ascertaining retail sentiment and is a true indicator for long-term money. SIP flows continue to remain buoyant at Rs 7,500 crore as of June-end,” he said.
According to Association of Mutual Funds of India data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 22.86 lakh crore as of June-end. The total asset base of all fund houses put together was Rs 19.97 lakh crore in July last year.
Edelweiss in its research note lists out 30 stocks which received maximum inflows. It is not surprising that largecaps like ITC, ICICI Bank, and State Bank of India saw flows of over Rs 1,000 crore.

by erectusplus at 08:42:00 | 0 comments (create) - (View)