Buy DLF
Buy Unitech
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Buy DLF
Buy Unitech
Buy Rel Infra
Buy ABAN
Shares of JSW Steel plunged by over 9% to Rs573 after reports stated that Sajjan Jindal proposes to sell 10% of his holding in JSW Steel to raise resources.
Shares of Kalpataru Power slumped by over 7% to Rs671 after hitting an intra-day high of Rs726 and an intra-day low of Rs651 recording volumes of over 93,000 shares on NSE.
ABG Shipyard,
Berger Paints,
DCB,
Emkay Global,
Four Soft,
Himatsingka Siede,
Man Industries,
Marico.
FIIs were net sellers in the cash segment on Thursday at Rs5.85bn while the local institutions pumped in Rs5.39bn. In the F&O segment, the foreign funds were net sellers at Rs3.12bn. On Wednesday, FIIs were net sellers at Rs2.27bn in the cash segment. Mutual Funds were net sellers of Rs1.79bn on the same day.
The market fell like hell but the wise ones would have done well to pick some stocks. No point in discussing what went wrong on Wednesday. No earth shaking event happened. The only explanation could be profit booking by FIIs after a three-month rally. Of course sentiment associated with a large stock which gave way towards noon may have caught many on the wrong foot. Though we can’t really escape weak global cues for long, the Indian market could attempt a recovery after Wednesday’s sudden sell-off.
There have been some concerns over the lofty stock valuations without any commensurate improvement in fundamentals. However, TODAY a new day. The bulls are keen to get back to winning ways, especially considering India's relatively better positioning vis-à-vis other economies. A flat to positive opening is on the cards. Overall, the market will remain choppy with alternative bouts of rise and fall depending on how global cues play out. The recovery in economic growth and corporate profits will take time to catch up with market performance. At every fall, you could feel better if you pick up something.
Looking at the panic selling in the last hour of the trading session and crucial technical levels being breached, Indian markets would further slide atleast in the early trades. However, one cannot rule out a smart bounce back later in the day.
FIIs were net sellers in the cash segment on Wednesday at Rs3.64bn while the local institutions pumped in Rs5.69bn. In the F&O segment, the foreign funds were net sellers at Rs13.26bn. On Tuesday, FIIs were net sellers at Rs7.12bn in the cash segment. Mutual Funds were net buyers of Rs86mn on the same day.
BELOW @ 4370 level, It will be in BEARISH TREND.
SELLING is suggested with SL of 4397 level
for the target @ 4301 to 4288 levels;
Regarding BULLISH TREND,
BUYING is suggested @ the level of 4397with SL of 4370
Target @ 4410 to 4444 levels.
Buy ITC
Buy ITI
Shares of Max India gained 1% to Rs230 after reports stated that the company is considering selling a further 23% stake to New York Life Insurance if the government changes investment rules. The scrip touched an intra-day high of Rs249 and a low of Rs228 and recorded volumes of over 0.36mn shares on BSE.
Shares of Ranbaxy slipped by 4.2% to Rs287 after reports stated that the company is sued by US firm for patent infringement. The scrip touched an intra-day high of Rs294 and a low of Rs274and recorded volumes of over 0.39mn shares on BSE.
Maruti Q1 Advance Tax at Rs92cr vs Rs95cr yoy
Bharti Airtel Q1 Advance Tax at Rs100cr vs Rs72cr
BSNL Advance Tax no at Rs 135 cr down 57%
Ongc Advance Tax no at Rs980cr down 33%
Bhel Advance Tax no at Rs320 cr up 6.7%
Gail Advance Tax no at Rs250 cr down 25% yoy
Gujarat State Petronet,
Sical Logistics,
Spice Tele,
Trent,
WWIL.
Buy Reliance
Buy RPower
Hold / Buy Moser Baer
at 101-108, SL 94.90,
target 112, 117 and 124.90
Hold for 45days
Shares of Sterlite Industries declined sharply by over 4.5% to Rs634 after the company reports stated that it may increase its offer for bankrupt copper miner Asarco LLC. The bid amount may be raised to US$1.87bn from US$1.7bn.
Suzlon Energy gained by 3% to Rs119 after the company said that it is evaluating various alternatives regarding its shareholding in Hansen Transmissions. The scrip touched an intra-day high of Rs121 and a low of Rs112 and recorded volumes of over 10.6mn shares on BSE.
RPL will move out of Nifty today
due to its proposed merger with parent RIL.
It will be replaced by Jindal Steel.
Global markets meanwhile continue to struggle. This means we may again fall in line with overseas cues and open flat. While one should be ready for some reversals after a spectacular run, there is some whisper of another fast and ferocious run by the bulls before expiry. Talks are of perhaps another 200 points upside for the Nifty.
Ideally, what is needed is a strong incremental evidence of rebound, both in economic data and corporate earnings. But then the market is known for running ahead of fundamentals!
FIIs were net sellers in the cash segment on Tuesday at Rs7.28bn while the local institutions pumped in Rs1.45bn. In the F&O segment, the foreign funds were net sellers at Rs14.05bn. On Monday, FIIs were net sellers at Rs2.13bn in the cash segment. Mutual Funds were net sellers of Rs4.82bn on the same day.
Bajaj Auto Advance tax numbers at Rs50cr
ACC Advance tax numbers at Rs60cr vs Rs54cr
The Bombay High Court’s ruling in the RIL-RNRL gas row may continue to have a bearing on stocks linked to this development. Among the more positive newsflow, most companies that fall into the Top 100 tax payers from Mumbai have paid higher advance tax over the year-ago period. But again, one has to take these numbers with a pinch of salt, as they do not truly reflect expected profits for the concerned company.
With the NSE Nifty index shutting shop below the 4500 levels, the index might find support at around 4350-4360 levels in the coming days. The bulls have been doing a lot of running since early March. In fact, they may have come too far too fast. This increases the chance of fatigue which is visible in the last few trading sessions. However, after witnessing such a selloff one cannot ruleout a rebound.
Sell Reliance
Sell DLF
Shares of Gail declined by 1.5% to Rs282. The company Q4 net income fell 13% to Rs6.3bn in the three months ended March 31. The scrip touched an intra-day high of Rs288 and a low of Rs277 and recorded volumes of over 0.3mn shares on BSE.
Shares of Yes Bank gained by half a percent to Rs129 after reports stated that the company plans to raise US$400nm by means of equity through a follow-on public offer, and debt. The scrip touched an intra-day high of Rs133 and a low of Rs127 and recorded volumes of over 1.1mn shares on BSE.
Shares of RNRL shot up over 24% to shut shop at Rs108 after the Bombay high court announced the judgment in favour of the company in the RIL-RNRL gas supply agreement dispute.
मुंबई : गैस सप्लाई विवाद मामले में बॉम्बे हाई कोर्ट ने अनिल अंबानी को इनाम और मुकेश अंबानी को भारी झटका दिया है। कोर्ट ने अपने निर्देश में मुकेश अंबानी की RIL को कृष्णा गोदावरी बेसिन से अनिल अंबानी की कंपनी रिलांयस नैचुरल रिसोर्सेज (RNRL) को रोजाना 2.8 करोड़ मैट्रिक स्टैंडर्ड क्यूबिक मीटर गैस की सप्लाई करने को कहा है। अदालत के मुताबिक, यह सप्लाई 17 साल तक 2.34 डॉलर प्रति मिलियन मैट्रिक ब्रिटिश थर्मल यूनिट के हिसाब से की जानी चाहिए।
Keep an eye on RIL and RNRL, as the Bombay High Court is set to announce a final verdict on the long-standing dispute between the two Ambani siblings over the sale of gas and its price.
FIIs were net buyers in the cash segment on Friday at Rs4.69bn while the local institutions pulled out Rs2.5bn. In the F&O segment, the foreign funds were net buyers at Rs757.7mn. On Thursday, FIIs were net buyers at Rs9.93bn in the cash segment. Mutual funds were net buyers at Rs2.98bn on the same day.
Today, we expect a cautious start due to indecisive trend in Asian markets. Trading pattern for the rest of the day will mostly hinge on global markets and trends in liquidity flows. No major fall is expected, though some reversal may not be ruled out after a three-month rally. Signs of weariness are quite apparent among the bulls even though the Sensex eked out 1% gain last week. The broader markets actually cooled off after a frenzied run. The bulls have been doing a lot of running since early March. In fact, they may have come too far too fast. This increases the chance of fatigue. Same holds true for most global markets.
With company insiders resorting to more selling than buying, one wonders if their respective counters have hit the glass ceiling! Market players would prefer to lighten their positions ahead of the F&O expiry when 50 stocks will go out of the NSE derivative segment. The coming month will see smaller lot size for many scrips.
Budget and monsoon are the two big events that would have a bearing on sentiment. We will also have to contend with the latest quarterly earnings and RBI's update on the monetary policy next month. Overall the bulls are likely to maintain their hold over market proceedings, but don't be surprised if they run out of gas once in a while.
A sideways movement with a positive bias is what could be in store for us in the run up to the budget early next month. Select stocks will continue to hog the limelight based on the newsflow. Taking some cash off the table and sitting on the sidelines may not be a bad idea at this juncture when the near-term outlook is a little hazy.
Shares of Sesa Goa surged by over 5% to Rs203 after the company signed definitive share purchase agreement with Dempo Group under which Sesa has cquired all the outstanding common shares of V S Dempo & Co. Private Limited.
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BELOW @ 4597 level, It will be in BEARISH TREND.
SELLING is suggested with SL of 4607 level
for the target @ 4407 to 4444 levels;
Regarding BULLISH TREND,
BUYING is suggested @ the level of 4607 with SL of 4597,
Target @ 4690 to 4730 levels.
Buy Tata Steel
Buy Educomp
Buy STER
Buy Rel Cap