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How to protect your Portfolio and Make Money from the Stock Market Crash

2020-09-26T23:34:00.001+05:30

A stock market crash is just like a Tsunami in the market, it suddenly creates a decline in stock prices across the sectors of the stock market, resulting in a significant loss of paper wealth. A stock market crash may occur in the specific country, region or across the globe on the reason of geopolitical issues, economic instability, wars, large corporate hacks, changes in federal laws and regulations.

Whatever may be the reason the effect of the stock market crash sometimes followed by depression if it last longer. It has been observed that whenever the stock market crash happened the market was on the peak. A stock market crash can correct 25-30 percent in the market in a few straight session.

It becomes very difficult for investors/traders to remain calm after losing a substantial portion of their capital invested in the market at the time of depression. Normally investors press the panic button and lose their money. Some traders/investors are also seen committing suicide after the stock market crash especially those who are trading without stop loss and take extra leverages in the trading.

Many of us must have seen the 2008 stock market crash, the Indian stock market was working all-time high prior to the crush. Many traders/investors lost their hard-earned money some of them didn’t turn back into the market after that. The stock market crash in 2008 wiped out many investors and traders from the market.

Also, read our article Start Investing in Stock Market like an Expert: A beginner's guide

Do you know that you can protect your portfolio and even make money from the stock market crash?

Yes, you can to save your portfolio and make money during the stock market crash you need to follow the below points.

The Anticipation of the Stock Market Crash:

It is not easy to anticipate a stock market crash, but you can always be careful or alert when the market is at peak or on top. Market always downturn from the peak it may be either a small crash or a big stock market crash. It always hampers your portfolio and gives you the threat of losing hard-earned money.

You should always put a stop loss of your trade or investment particularly when the market is on the peak.

Hold Cash :

Investors or traders should be always alert and preferable not to invest when the stock market is on the top levels. It is advised that you should sit on cash waiting for an investment opportunity after correction or crash.

We often realized that when the market comes down, we are not able to take advantage of buying opportunity because of running short of money. So we should always hold some investable money to take these kinds of opportunity in the future.

Make a List of Stock:

You should make a list of fundamental strong stock the front line stocks which decline fast always recovers fast. So your list should be Nifty 50 aggressive and fundamentally strong stocks like RIL, L&T, TCS, HDFC, HUL, etc

You need to track those stocks and whenever you get any buying opportunity to say the decline of above 15-20 percent one should start accumulating in 3 to 4 phase. You never know when the falling would bottom out that is why it is advisable to buy on phases.

Don’t Sell on Panic

It is usual that whenever there is a stock market crash, investors or traders press the panic button and sell their portfolio to save hard-earned money. This thinking is wrong, as the great Warren Buffett has rightly said … “you need to Zigg when other’s Zagg!.” It means when other people sell their shares on panic, be there to invest instead.

Selling your portfolio on panic can wipe out 50 to 60 percent of your capital invested rather you should stay invested and keep calm. You should not be influenced by others known that in a big market crash you will losing your 25-30 percent of your portfolio.

Don’t Get Influenced by Others:

To keep calm and to continue with your existing portfolio it is very important not to get influenced by others. You should not listen to others, you never know it may be a rumor. You should not also get influenced by social media or any other financial media

The financial media is always looking for stories to hype up. That’s how they make their money. In reality, the financial media isn’t really concerned with your wallet or financial health. You should tune out the financial media when the stock market crashes.

Make a Safe portfolio:

You can also make a recession-proof portfolio. During the recession people usually cut their luxury item from their budget like going to movies, buying new clothes, holiday trip, expensive restaurant. Sales of auto and other luxury items get a decline when there is a recession.

Whereas the pharma stocks, FMCG stocks are known as recession-proof stock. But that doesn't mean when there is a recession or stock market crash these stock will never fall. These will also fall but would fall less than the luxury stocks.

Conclusions:

To conclude you should prepare yourself mentally that stock market crash may come at any time particularly when the market is at peak. During that time you must have some cash on hand so that you can invest in fundamentally sound stock in correction at an attractive price.

You should keep calm knowing that your existing portfolio may fall maximum 25-30 percent. If your portfolio is in a great combination of good fundamentally aggressive and recession-proof stocks it would definitely recover your portfolio fast.

It is also important that you should not get influenced by any financial/social media or any person during the time of the stock market crash. Most of the media houses during that time misguide and unnecessarily creates panic to increase their channels TRP. You should always stand by on your own decision.

You may also like to read Best Stock Investing Strategy| Earn Money from Stock Market

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Finogyan Team

3 Steps to Invest in the Share Market for Beginners

2020-07-03T23:41:00.008+05:30

We all know the attraction of the share market when the market is up and sentiments are positive. People are always attracted when the market is rising. The beginners always get confused on how to start and what would be the first step for the investment in the share market.

If you are an investor want to invest in the share market then the basic knowledge in the share market is required. But if you are a beginner or new entrants in the share market then you need to gain knowledge. You can't gain all knowledge in a day or two, it takes time. Your knowledge and experience in the market would count and can make you an investor or trader in the share market.

Here we would explain to you in details what would be your 3 important steps to enter into the share market.

Due to the lack of knowledge, most of the people having investable funds goes to the bank for FD/SB or post office deposits. People are actually ignorant about the power of the share market investment. In today's world if you want to beat the inflation and increase the standard of leaving then you can't ignore the share market investments. It has the potential of generating the highest revenue compared to other financial investment options. Knowledge, of course, is the first requisite for the market investment.

Share Market Knowledge

The first step that you should take as a beginner is gathering knowledge about the market, for this, you can start reading the share market page in the daily newspaper. You can go through what had happened on the previous day in the market, this will give you a fair idea about market activity. You can also gather knowledge from the business channels on television. In the evening all the business channel broadcast share market roundup/podcast, full days activities in half an hour, you can watch those type of program to gain knowledge.

Another important source of gathering share market knowledge is through websites/blogs. You can also gain knowledge by reading market-related blogs, watching youtube videos in your leisure time. The official website of BSE (bseindia.com) and NSE (nseindia.com) and moneycontrol.com can also enhance your share market knowledge.

You can also read How to choose a Stock Broker for Investment

Selection of Stocks for Knowledge

It is always better to focus 4/5 stocks in the initial days while gathering share market knowledge. The list should include the top Sensex or Nifty 50 stocks which are always in news like RIL, Infosys, HDFC Bank, Axis Bank, TCS etc. You may be working for a company or bank or may be doing business with any company having listed shares. You can also select such names. Likewise, you can select 4/5 stocks for tracking on a regular basis.

Virtual Trading for Knowledge

To make your trading knowledge into more practical you can predict the selected stock price for the next day. Whether it will go up or down, its daily levels and reasons behind the movement. You should spend daily 30-40 mins in the evening to read or watch the daily market happenings and predicting your selected stocks. You should always make a note of it for continuous monitoring and review your predictions.

Nowadays there many virtual trading websites and app and best one are Moneybhai its a website developed by moneycontrol.com and Moneyexcel it's an app. You can log in there, they will give you some virtual money to trade on shares and you can do buy and sell transactions on a dummy basis. You can also get reports like profit and loss, ledger etc.

If you continuously track the market and selected stocks at least for 3 months and start paper trading you would gain sufficient knowledge about the share market investment. But please remember that while gaining knowledge or at least in the initial days you should not open any real demat and trading account and should not invest any rupee into the share market.

While doing paper trading manually on a notebook or on website/app, it is very important to analyze each and every transaction you do, why your decision was correct or wrong. If a share market is moving one side into a positive direction you may be right in predicting your stock that's easy, but predicting in the sideways market is difficult. Please understand learning will happen only if you analyze the reason for the rise and fall of a particular stock. And if you successfully do this for at least 3 months then you would be ready to start investing in to share market.

Conclusions

Once you gathered knowledge and learned to predict stocks, done some paper trading then you can open an actual trading account through intermediaries (Brokers) with exchanges e.i NSE and BSE. It has become easy to open trading and demat account nowadays. You can open the trading account online with scan images. You need to be very careful and should read the Power of Attorney (POA) papers thoroughly before signing. You should only authorize for the delivery of shares in the POA not for anything else.

You may also like to read Want to open Online Share Trading Account? Here's what you should know

On submitting the completed set of documents, the broker will scrutinizes it and if everything is ok would allot a demat number and trading code. And then you would be ready to start the actual trading in the exchange BSE and NSE as per your choice.

We have mentioned 3 steps which you can follow if you are new or beginner in the share market investment. If you follow the process definitely you can start your share market investment without any training or mentor. It is advisable to start with a minimum amount or 1 to 10 shares first in the share market and after gaining full confidence you can increase the amount and quantity.

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Happy Investing!

Finogyan Team

Investment and Financial Planning for Retail Investors

2020-06-24T12:00:00.005+05:30

Importance of Investment and Financial Planning for Retail Investors, Here’s what you should know

What is Financial Planning:

In the fast-paced world where time is money, Indian finances have contributed to the world economy colossally and have changed the face of financial planning in a major way.

Over the last few years, terms like financial planning and personal finance have emerged as buzzwords that truly define the financial planning sector. Financial planning is like a reigning emperor when it comes to all the significant mediums of communication like newspapers, magazines, television channels and promises to be on the priority list for everyone.

With the entire hullabaloo on financial planning, it's obvious to draw doubts and demand clarity on the real concept of financial planning. Also, it's natural to have a mind full of questions for retail investors with regards to all the attention it hogs. Your answers lie here.

Financial planning is a well-thought-through process that assists an individual or retail investors to channelize their finances and investing through a road-map to meet expected and unforeseen necessities in life. In a nutshell, the superior rationale of this is to equip and shield an individual in the testing times and contingencies as well as, accomplish all their chalked out investing goals.

Who are Retail Investors:

Individual investors are known as Retail Investors. In simple terms, retail investors are non-professional investors who invest in various securities like MF, Stocks, ETFs through intermediaries, and brokerage firms on their investment account.

Retail investors are small investors have with limited purchasing power with less capital and minimum knowledge. Retail investors often pay high brokerage charges and they do have a big impact on market sentiments. The inflow of Mutual Funds, IPO ETFs are mainly of retail Investors' positive sentiment in the market.

What is Investment Planning:

The process of matching financial goals and objectives with the investable amount of an individual or retail investors is Investment planning. Investment planning is one of the important parts of financial planning.

Once the retail investors chalk out the financial goals and the objectives of investments. The investment planning process starts to design and match with the individual or retail investors' wealth and resources in the most efficient way. There are many investment products like bonds, mutual funds, equities etc which can be used while designing the investment planning of retail investors.

Significance of effective Financial Planning

In the present scenario, it extremely essential to realize the significance of effective financial planning. Among several other factors, inflation and changing lifestyles are the two most influential factors that affect the financial scenario.

To be precise, inflation is a situation where a large number of finances pursue a limited number of goods. Consequently, it results in depletion in the value of money. In simpler terms, it could be defined as a rise in the general price level. For instance, a product that costs Rs 100 at present would cost Rs 105 a year from today, assuming the hike in prices at 5 percent. This is the repercussion of the upswing in prices over one year; over a 30-Yr period, assuming that inflation continues to rise at 5 percent, the same product will be available at Rs 432.

However, an effective investment and financial planning is a well-equipped weapon to guard you against the impact of inflation. This works effectively in irreversible phases like retirement when expenses persist but income stands still or is nil.

Getting on to the next factor, changing lifestyles; it signifies the rapidly fluctuating standard of living due to higher disposable incomes. For example, products like cars that were once coined as luxuries not too long ago, have gradually transformed into necessities in the current scenario. Financial planning plays a crucial role here assisting the individuals to keep pace with their lifestyle despite all the necessary, irreversible upgrades.

Most importantly, financial planning helps you safeguard your money during irreversible contingencies like medical emergencies or unplanned expenditures that an individual might have to cope with. Precisely, disciplined financial planning and investing can capacitate you to conveniently mitigate such consequences without straining your finances.

Principles of Financial Planning

Primarily, financial planning is a combination of great discipline and religious adherence to the principles of financial planning.

It is essential to comprehend that discipline has a crucial part to play at every consecutive stage of financial planning, beginning from setting objectives to the actual execution of plans to accomplish those set objectives. In fact, an ad-hoc approach while dealing with finances is one of the major reasons for financial distress.

Eventually, the fundamental principles of financial planning boil down to setting objectives, investing in line with one's risk appetite combined with successful asset allocation. In a nutshell, achieving financial serenity is not much of rocket science. All it requires is a disciplinary approach towards the basics of financial planning and investing

Importance of Investment and Financial Planning

As rightly said, "The trouble is, you think you have time"; we all knowingly and unknowingly take our lives for granted living by this mantra. But the real question is do you really have time? The answer is simple, NO! Hence, it becomes a mandate to secure your finances through effective financial planning as soon as possible. Also, it is important to note that since our lives keep transforming with time, it becomes essential to review and update your financial planning too.

Starting early is the key to ultimate financial success. This is mainly because by the time you face emergencies or even realize the significance of being hand in hand with changing times you might be hanging in the lurch! Complacency leads to stagnation and eventually, takes the shape of regret.

The dynamics of effective Investing and Financial Plans keep fluctuating as per the changing socio-economic environment, as well as, the stage and situation in your life. Sadly with the human tendency to take things for granted and procrastination, an individual fails to review the financial situations as per the transforming phases in their lives. It’s extremely essential to review your financial plan at least once a year to reap the benefits of continually changing investment opportunities and attached risks.

Why retail investors should do Financial planning regularly?

The retail investors should understand that the key to a successful life with a contented lifestyle is not to stagnate. It is essential to realize and identify the needs of the changing phases of your life as well as, the rapidly changing, irreversible expenses of your loved ones. Also, needless to say, the complexities of life keep changing along with time offering you modernistic investment opportunities.

Essentially, the basic mantra is to comprehend your present requirement and adapt to a new plan immediately to meet your necessities. Also, it is necessary to write a will at the correct time to identify your beneficiaries during the important phases of your life like First job, marriage, buying a house, children, promotion, education/marriage, grandchildren, or even retirement.

There would be no room for the old investments making regular updating a priority! As it is rightly said, “Change is inevitable”. Hence, it becomes necessary to embrace the change and be prepared with effective financial planning as per the ongoing trends along with variable economic, political, and family conditions. Our mantra to retail investors is "be smart and do Investment and financial planning wisely for a safe and secure future".

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Happy Investing

Finogyan Team

Types of Stock Market Investment Risk-Here's What You Should Know

2020-05-31T23:39:00.024+05:30

Risk Associated with stock market investment

We often hear that stock market investments are subject to risk. What is this investment risk? When we talk about investment particularly in the stock market we often talk about the return. We talk about the return on a particular time frame. When a market expert suggests any stock we often hear about the returns expectation from that stock in one or two years time. There is a saying that higher the risk the higher the return.

It is up to the investor's risk appetite, how much risk he/she can take. The market experts suggest stock on various portals, business channel and social media. Just imagine how easy it would be then to asses a stock if they also suggest the risk involved in earning such return. For example, if an expert suggests a stock of 20 percent return in one year with a risk of 5 percent and another stock of 50 percent return with a risk of 100 percent of your capital in one year. However, within the risk parameter, you would prefer a stock that risk 5 percent of your capital to one that risks 100 percent of it.

It is also true that you cannot make a significant amount of money if you avoid taking the investment risk. You need to understand that risk is also an opportunity, but it should be calculated risk. If the fear of losing makes you leave the money idle or put in low return instrument, then inflation will devalue it. Hence, investment is a must and the investment risks associated with it must be understood clearly.

Also,read Is a Demat mandatory for Intraday/ Futures and Options Trading?

Normally an investor calculates risk relating to economy and company performance to achieve their targets or returns. There are several parameters that evaluate the risk factor. One can use statistical and analytical tools but they are not affordable for the small investors. Small investors have no knowledge or have no time to use the tools. We have made a list of parameters to calculate risks. By using these parameters investors can avoid the unwanted risk and minimize the risk of their investment.

Types of Investment Risk Associated with Stock Market

Time Risk Factor

The risk is directly related to time. The first question we need to ask ourselves is “ how long we can invest the money” or “when do we need the money back”. If we can invest the fund for the longer time frame then we can take more risk. The logic behind this is if there is a loss after investing in particular stock in the near term it can recover it if there is more time. So the time frame of investment is important for taking a risk in stock market investment.

Economic Risk Factor

Economic performance of a country plays an important role to grow your investments. If a country is not growing and its GDP growth is negative then definitely the stock market will not give a positive return. Several times we have noticed that if GDP rates increase, inflation rate comes down, RBI cuts interest rate then stock market rally starts. Also, we can’t ignore FIIs contribution to growing our stock market. FIIs starts investing in the market when the economy is growing and vice versa. So the macro and micro-economic factors play a positive and negative impact in the stock market. You need to understand the basic investment risk of economic factors, you can update the economic development from the news channel or the internet.

Global Risk

International developments like Crude Price, WTO, insurgency, and war between the two countries also impact risk. Recent Indo-Pak cross border tension has affected investors portfolio for a few days. We cannot forget the tension created by Kim Jong of North Korea in 2018 and how it impacts on the global market. The Trade war between the US-China also made our stock market volatility in the recent past.

Industry level Risk Factor

You need to understand the state of the industry before doing any investment, whether the specific industry is growing, maturity or decline phase. An industry like IT, Banking and Financial Services are in growth phase whereas Telecom, Aviation are not. While studying Industry level investment risk understanding of Industry cycle is also important. For example, while monsoon there is less demand in cement compared to the rest of the year. Structure changes and paradigm shifts in an industry should be observed for example people current preference for motorcycle compared to scooter or CRT Television versus LED television. So you need to calculate this kind of industry level risk before investing any stock.

Company level Risk Factor

The company news is always available on the internet and various business channel. The company management, financials parameters like EPS, Sales, EBITA, etc can give you a fair idea whether to invest in the company or not. The quality of management and financial parameters are equally important to decide risk associated with the company. If the Company is listed in Z group or T group then it is a clear indication that the company is not fulfilling the list requirements or there is unusual activity in the market in relation to the share and stock exchange has put it under special surveillance.

Regulatory Risk Factor

Market manipulations and scams will be there in the market as long as there is human greed. Timely prevention, early detection by the strong regulatory and legal entity are required to prevent them.In the NSEL case and strong action taken by the SEBI and EOW has banned many commodity brokers recently. An investor needs to understand this risk before investment.

Technology Risk Factor

In the last two decades, the medium of stock market trading has been changed in India. Investors used to go to sub-brokers office or trading used to be done through telephonically but nowadays investors are trading online even on the automated trading platform. The system risk has increased nowadays with the introduction of Online trading and Algo Trading system. You should choose the trading platform after a thorough understanding of the risk associated with it.

Conclusion

As an investor, you should read the Risk Disclosure Documents that are available with brokers to understand such risks. Successful investing would require you to study the above types of investment risks and avoid greed for more profits or fear of incurring losses. You have to be rational rather emotional while investing in the stock market.

In short, let us remember that no-risk no return or no pain no gain. You need to take small steps, ask for advice from the market experts, read books, use the internet. But don’t give up investing because there is a risk associated with the stock market investment. Don’t give up investing in the stock market because your colleague, or your brother or your neighbor made losses in the stock market investment.

Also, read Start Investing in Stock Market like an Expert: A beginner's guide

If you like the post please don't forget to share with others.

Happy Investing!

Finogyan Team

Weekly Market Updates | Stocks in News in Indian Market

2019-10-20T22:04:00.001+05:30

Weekly Market Updates and Stocks in News in Indian Market

Indian stock market gained all the trading sessions in the last week. Nifty gained 356.80 points and closed at 11661.85 whereas Sensex zoom 1171.30 points and closed at 39298.30. Both Sensex and Nifty gained around 3% in the last five trading sessions.

Stocks, Index in news in Indian markets last week

Bank Nifty also gained 1077.75 points in the last week and closed at 29120.25. Nifty midcap 100 index gained the most in the last week, it gained 620.25 points or around 4% and closed at 16213.55. Nifty smallcap 100 index was up 166 points and closed at 5567.55.

The top five gaining stocks in the news in the Indian market last week were Yes Bank, Tata Motors, Eicher Motors ONGC, and IndusInd Bank. The only losing stock in the Nifty50 was Infosys.

Almost all the sectors gained in the last week Auto, Banks, Infra, FMCG, Metal, Pharma were the major gainers. FIIs are back in the last week, FIIs bought Rs 3213.17 crores in cash segment. DIIs were also net buyers in the cash segment bought Rs 2184.81 crores.

Reasons for strong positive market last week

Markets extend gains on US-China trade deal signing news

The Brexit deal had fueled the market last week and helped Nifty to close above 11550 marks.

The positive Q2 Earnings of HUL, Wipro, TVS Motors

Buying spree of FIIs continuously for the last 6 days.

Stocks in News in Indian Market

IRCTC has made a strong debut last week. It has debuts at Rs 626 in NSE and rallied more than 125% on the first day.

Metal share gains after China confirms the signing of ‘phase one’ trade deal with the US. All metal counter like Vedanta, Jindal Steel, Tata Steel, SAIL, NMDC gained last week.

Bandhan bank gained last week on the news of its inclusion in the MSCI Global Standard Index, under the large-cap segment from 16th Oct 2019.

Saudi Armco is interested in buying the government’s 53.3% stake in BPCL. The share price of BPCL gained last week on the news.

The industrialist Sunil Mittal and Sunil Munjal have shown interest in acquiring a stake in Yes Bank. The share price of Yes Bank zoomed almost 16% on the news in intraday and it is the top gainer in last week Nifty 50 stocks.

The government likely to lower down its stake in BHEL, the news has gained the share price of BHEL by 25% in intraday.

Reliance Industries has become the first Indian company to hit Rs 9 Lakh crore market capitalization. RIL has touched 52 weeks high od Rs 1428 and gained 1.42% on Friday.

Last weeks Q2 Report

HUL has reported a 21% rise in Q2 profit to Rs 1848 crore for the quarter ended 30th Sept 2019. The last year’s profit for the same period was 1525 crores. It beats the street estimates and the market reacted positively.

Wipro has announced good sets of Q2 numbers. It has reported a 36% YoY rise in consolidated net profit st Rs 2561.30 for the sept end quarter. Last year for the same period the profit was Rs 1885.70 crores. On a sequential basis, profit was up 6.2% and the market reacted positively to Wipro’s number.

TVS Motors has also posted good Q2 numbers and this time it is better than expected. The company reported a 21% growth in profits YoY basis to Rs 255 crores. The street reacted positively to TVS Motors Q2 numbers.

Indian market next week

Indian market will be closed on Monday 21st Oct on account of the Maharashtra Assembly election. Market on Tuesday will react to RIL, HDFC Bank and Axis Bank Q2 results. RIL and HDFC Bank have already announced the result.

RIL has reported an 18.3% YoY increase in net profit fro the sept end quarter to a record of 11,262 crores. The RIL’s result is backed by a strong performance by the retail and digital services business

HDFC Bank on Saturday, 19th Oct, reported a 27% rise in standalone net profit at Rs 6345 crore for 30th Sept end the quarter. The bank had reported Rs 5006 crore profit in the same period last year.

The net interest income (NII) was Rs 13,515 crore against Rs 11763 crores in the same quarter last year. The provision has increased by 48%, including a specific loan loss of Rs 2038 crores. The provision can be a concern for the market.

On Saturday there was news of a delay in Brexit, this can again trigger a temporary negative sentiment in the market. The Indian market can take it negative and we may see some correction on Tuesday. Again everything depends on the global market’s reaction tomorrow.

Technical levels of Nifty and Bank Nifty from 22nd to 25th Oct

The nifty share price target in futures for 22nd Oct 2019

Primary Trend Nifty Futures: Mild up

Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 11750 whereas All Down Moves Initiates Short Covering (Buy) @ 11500

If Nifty Futures Moves Above 11694 and sustain. Then you should Buy with 1st Target of 11727 during the day or in a week with a Stop Loss of 11639 FOR the Target of 11727- 11755- 11782- 11840

If Nifty Futures Moves Below 11639 and sustained. Then you should Sell with 1st Target of 11610 during the day or in a week with a Stop Loss of 11694 FOR the Target of 11610- 11582- 11550- 11497.

Bank Nifty share price target in futures for 22nd Oct 2019

Primary Trend of Bank Nifty Futures: Mild up

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29500, whereas All Down Moves Initiates Short Covering (Buy) @ 28850

If Bank Nifty Futures Moves Above 29225 and sustained. Then you should Buy with 1st Target of 29315 during the day or in a week with a Stop Loss of 29070 FOR the Target of 29315 - 29420 - 29525 - 29650

If Bank Nifty Futures Moves Below 29070 and sustained. Then you should Sell with 1st Target of 29018 during the day with a Stop Loss of 29225 FOR the Target of 29018- 28920- 28838 - 28776

Conclusions:

Indian market will be a holiday on 21st Oct Monday due to Maharashtra Assembly Election. Markets will have only four trading sessions next week ahead of Diwali Muhurat Trading. On Tuesday market will react on the stocks in the news in Indian Market last week are RIL and HDFC Bank. Axis Bank Q2 results and dealy in Brexit news will also have an impact on the market. Traders should follow global cues and Q2 Earnings for market trends.

You can also read, How to Choose The Best Stock Broker for Investment
Stock Market trading holidays 2019: NSE | BSE
Stock Market Outlook 2019: Nifty, Bank Nifty would touch new high

Please share your views about the post.

If you like the post please share with your friends and others

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Finogyan Team

Disclaimer-Finogyan has taken due care and caution in compilation of data for its blog. The views and investment tips expressed by investment experts on Finogyan are their own and not that of the website or its management. Finogyan is not SEBI registered Advisors and advises users to check with certified and SEBI registered experts before taking any investment decision. However, Finogyan does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Finogyan especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Market Next Week | Nifty, Bank Nifty Share Price Target (14-18th Oct)

2019-10-13T08:36:00.004+05:30

The week closed in a positive note for the Indian Market on Friday. Last Tuesday was a holiday on account of Dussehra. Out of four trading days, two days were positive and two negatives. On Friday, Nifty gained 70.50 points and closed at 11,305.05 whereas Sensex gained 246.68 points and closed at 38127.08.

Nifty Bank Nifty Share Price Last Week

On a weekly basis, Nifty gained 130.55 points and Sensex gained 453.77 points. The NSE Banking index Bank Nifty gained 310.65 points on a weekly basis and closed at 28042.50. The Nifty midcap index declined 14.85 points and closed at 1558.85. Nifty smallcap Index also fell 18.25 points during the week and closed at 5398.60.

The top five Nifty50 gainers of the week are Bharti Airtel, Britannia Ind., Grasim Ind, Cipla, and Bharti Infra. The top five losers in Nifty50 during the week are Yes Bank, GAIL, BPCL, ITC, and IOCL.

Last week, FIIs were the net seller sold Rs 492.82 crores and DIIs were the net buyers bought Rs 1660.73 crores in the cash segment. In F&O segment FIIs were still buyers.

Last week's Highlights

Stock in the news last week

Last week Aurobindo Pharma had received observations from USFDA for its 7 units, the share price fell 19% on a single day. The next day management clarified that none of the observations are related to data integrity.

The management also said that the company will address the issue within the stipulated time. The share price of Aurobindo Pharma closed at Rs 438.95 per share and tanks 22% last week

Yes Bank gained more than 8% on the news that the Bank is in talks with Microsoft for strategic tie-ups along with two more software companies. The bank later denied the media reports for any sort of tie-up with Microsoft and the share price declined around 5%. Last week Yes Bank declined 6% on a weekly basis and closed at Rs39.60 per share.

Reserve Bank Of India had rejected the merger between Lakshmi Vilas Bank and Indiabulls Housing Finance. Both the company declined on the news, IBHF declined 19% on the news. The share price of IBHF declined 14.41% in the last week and closed at Rs209.90 per share.

The telecom company shares made a decent gain last week after Reliance Jio announced 6 paise IUC charges. The share price of Bharti Airtel, Vodafone Idea gained 13% and 19% respectively during the week.

The board of Indiabulls Ventures approved buyback of shares at Rs 150 per share. The share price of Indiabulls Ventures gained more than 4% on Friday.

Bandhan Bank gained 20% on Friday after the news flashed that the bank could be added to the MSCI Index in the coming week.

Other Market News last week

RBI had granted permission to set up Kerala Bank. The district cooperative banks in Kerala can be merged and set up Kerala Bank to form the largest networking bank in the state.

On 9th October the Indian market gained after the I&B minister announced to increase 5% Dearness Allowances to government employees and pensioners. The hike in DA will be benefited around 50L government employees and 62L pensioners.

On the 10th of October, the World Bank had reported slow down in Asia Pacific growth from 6.3% in 2018 to 5.8% in 2019. The main reason for slow growth is because of the uncertainty of US-China trade talks.

Asian market jumped last Friday due to the positive development of US-China trade talks. On the other side Iranian tanker damaged in an attack near the Saudi Arabia coast. This positive and negative news creates volatility in the Indian market last Friday.

The IIP numbers came aftermarket last Friday and it fell 1.1% YoY in August 2019. The numbers are below the street expectation and the sharpest decline since Feb 2013.

Quarterly Result of Nifty50 stocks last week

In the result front, IndusInd bank reported a profit of Rs 1401 crores against Rs 920.34 crores in the same quarter last year. Provisions and contingencies raise to 25% to Rs 737.71 crores. Asset quality deteriorated, gross NPA of the Bank jumped to 2.9% from 1.09% last year. Asset quality and provisions are a concern for the IndusInd bank.

TCS had reported weak Q2 numbers last week. The software company TCS reported currency revenue growth of 8.4% YoY for the Sept end quarter. The operating margin reported 24% both the numbers are below the street estimates. The company has announced a dividend of Rs 45 per share.

Infosys Q2 results beat street estimates. The Q2 profit of Infosys increased by 5.8% on a QoQ basis. The currency growth is 9-10% and the operating margin is around 23%. The Q2 result of Infosys came aftermarket last Friday.

Crude and Rupee Update:

On a weekly basis Brent crude oil future price gained at 3.67% and closed at $ 60.66 per barrel. The Indian rupee gained 0.14% and closed at Rs 70.92 against the US dollar.

Event for the next week

Next week on Monday WPI and CPI will be announced. The Q2 results of HUL, Wipro, ZEEL, Reliance, HDFC Bank are scheduled in the next week. Other than these investors should also track the development of US-China trade talk and Crude oil prices.

The nifty, Bank Nifty future share price target for 14th-18th Oct

Primary Trend Nifty Future: Mild up & Volatile

Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11450 whereas All Down Moves Initiates Short Covering (Buy) @ 11200

If Nifty Future Moves Above 11355 and sustain. Then you should Buy with 1st Target of 11382 during the day or for the week with a Stop Loss of 11290. FOR the Target of 11382- 11410- 11465

If Nifty Future Moves Below 11290 and sustained. Then you should Sell with 1st Target of 11260 during the day or for the week with a Stop Loss of 11355. FOR the Target of 11260- 11230- 11180.

Bank Nifty future share price target for 14th-18th Oct

Primary Trend of Bank Nifty Future: Mild up & Volatile

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28700, whereas All Down Moves Initiates Short Covering (Buy) @ 27500

If Bank Nifty Future Moves Above 28230 and sustained. Then you should Buy with 1st Target of 28362 during the day or for the week with a Stop Loss of 28032 FOR the Target of 28362 - 28574 - 28730

If Bank Nifty Future Moves Below 28032 and sustained. Then you should Sell with 1st Target of 27910 during the day or for the week with a Stop Loss of 28230. FOR the Target of 27900- 27678- 27500

Conclusions:

The ease of the US-China trade talks can bring some cheers for the market on Monday. The Indian market will also react to weak IIP numbers this two news can again create some volatility in the market. Infosys Q2 result beats street estimate can see some up move on Monday.

Friday’s Oil tanker attack on Iran has surges crude oil prices. If the crude price increases further then this may again create some temporary volatility in the Indian market. Traders can follow our technical views of Nifty and Bank Nifty future share price target for the next week 14th Oct to 18th October.

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Weekly market updates| Nifty and Bank Nifty target (7th to 11th Oct)

2019-10-06T07:21:00.002+05:30

Weekly market updates| Nifty and Bank Nifty targets 7th to 11th Oct

Indian markets traded in a negative zone throughout the week. Nifty fell 337.65 points and Bank Nifty fell 2144.80 during the four trading sessions last week. Even RBI’s 25 bps rate cut could not hold Nifty and Bank Nifty on the last day of the week. Indian markets fell continuously for five straight sessions.

Nifty midcap 100 index was also down 697.85 points or 4.47% last week. Whereas the Nifty smallcap 100 index declined 266.75 points or 4.70% during the week. Sector-wise the Banks, Media, Metal, Power, Real Estate and Telecom are the losers and IT, Insurance, Oil & Gas, Footwear and FMCG are the gainers last week.

The top five gainers in Nifty50 stocks are BPCL, IOCL, HCL Tech, M&M and ITC. The five losers in Nifty50 stocks last week are IndusInd Bank, Yes Bank, Zee Ent, SBI and Grasim. The top gainers in Nifty midcap space are Info Edge, MRPL, Reliance Nip Life whereas the top losers in Nifty midcap 100 are Indiabulls Vent, Edelweiss Fin and RBL Bank. In the Nifty smallcap space the gainers are Credit Acct. Gram, ITI and Stride Pharma the losers are DHFL, Indiabulls Real Est and Delta Corp.

Stocks in the News Last week

The RBI initiated Prompt Corrective Action (PCA) against Lakshmi Vilas Bank due to high levels of bank’s bad loans, insufficient capital to manage risks and a negative return on assets for two consecutive years.

Morgan Stanley has downgraded the Asian Paints from overweight to equal weight. It has set the target of Asian Paints of Rs 1820 per share and slashed the target price of Zee Ent by 33% on debt concern.

Indiabulls Housing declined 34.40 % on intraday after the Delhi High Court accepted a PIL filed against the company. Investors are also concerns over its merger with Lakshmi Vilas Bank which is at present placed under RBI’s Prompt Corrective Action (PCA) plan.

As per CNBC-TV18, Adani Group is exploring the options to bid for government stake in CONCOR. The government is planning to sell 30% stake in CONCOR to strategic investors

Last week Auto sales figures were announced by the companies, Atul Auto and Escorts have mentioned an increased in sales whereas Bajaj Auto, Maruti, Eicher Motor, TVS, M&M have reported a decline in sales.

The Yes Bank declined 30% in a single day on 1st Oct due to the stake sale by Rana Kapoor and concern on exposure in Indiabulls Housing Finance. The next day on 3rd it has bounced 33% after CEO Ravneet Gill’s fundraising plan and complete offload of promoters pledge shares.

RBL Bank has declined last week with a concern of exposure in Indiabulls Housing Finance.

Citi maintained a Buy recommendation on IndusInd Bank with a price target of Rs 1980.

CLSA maintained a Buy rating on Maruti with a target price of Rs 7950.

Chinese Investor Ant Financial may invest $600 million in Zomato, Info Edge holds 26.38% stake in Zomato. The share price of Info Edge gained on the news

RBI Monetary Policy

The RBI cut the repo rate by 25 bps for the fifth time in a row to 5.15%. RBI has revised the GDP growth for FY 19-20 from 6.9% in August to 6.1 %. RBI has reduced the reverse repo rate to 4.9% and the bank rate stands at 5.40%.

Crude and Rupee Update

Brent crude oil futures are currently trading at $ 58.50 per barrel, on a weekly basis, it has declined 5.72%. Indian rupee closed at Rs 70.89 ended lower by 33 paise in the last week.

Technical levels of Nifty share price in future for 7th Oct to 11th Oct

Primary Trend Nifty Future: Mild down

Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11350 whereas All Down Moves Initiates Short Covering (Buy) @ 11050

If Nifty share price in Future Moves Above 11228 and sustain. Then you should Buy with 1st Target of 11252 during the day or in a week with a Stop Loss of 11192 FOR the Target of 11252- 11282- 11320-11415

If Nifty share price in Future Moves Below 11192 tomorrow and sustained. Then you should Sell with 1st Target of 11145 during the day or in a week with a Stop Loss of 11230 FOR the Target of 11145- 11118- 11093 - 11050

Technical levels of Bank Nifty share price in future for 7th Oct to 11th Oct

Primary Trend of Bank Nifty Future: Mild down

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 28500, whereas All Down Moves Initiates Short Covering (Buy) @ 27150

If Bank Nifty share price in Future Moves Above 27927 on 1st Oct and sustained. Then you should Buy with 1st Target of 27974 during the day in a week with a Stop Loss of 27778 FOR the Target of 27974 - 28150 - 28345- 28550

If Bank Nifty share price in Future Moves Below 27774 on 1st Oct and sustained. Then you should Sell with 1st Target of 27645 during the day or in a week with a Stop Loss of 27927 FOR the Target of 27645- 27478- 27276 - 27130

Conclusions:

Next week also Indian market will have four trading sessions, Tuesday 8th October will be a Holiday on account of Dussehra. The corporate results announcement will start from next week, TCS, IndusInd Bank, and Infosys will announce their 2 quarterly results next week. On the global front, the much-awaited US-China trade talk will begin next week. Traders should remain cautious and can follow our Nifty and Bank Nifty targets for the next week with strict stop loss.

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Weekly Market Updates: Nifty| Bank Nifty| Stocks| News

2019-09-28T14:19:00.004+05:30

Weekly market update, nifty, stocks, news

Weekly Market Updates: Nifty, Bank Nifty, Stocks, News- If we analyze Nifty, it has touched all-time high 12,103.05 on 3rd June 2019 just ahead of Budget and 52 weeks low at 10004.55 last year 26th October 2018. Prior to the reduction of corporate tax, Indian stock market sentiment was negative and it touched 10640 on 19th September this year.

The market sentiment has improved after the Finance Minister Nirmala Sitharaman had reduced the Corporate Tax, GST benefits, and various other measures. The government's continuous effort to make the economic stability has recently improved the market sentiment. But this is not the end, the government is ready with a few more announcement and the recent one will be the RBI rate cut.

Nifty stocks weekly updates

On a weekly basis, Nifty has gained 238.2 points and closed at 11,512.40 whereas Bank Nifty gained 895.10 points and closed at 29876.65. On a sectoral basis Banks, Capital goods, FMCG and Energy were the gainers. The Nifty midcap 100 declined 62 points during the week and Nifty smallcap 100 gained 40.05 points in the last week.

The top five gainers in Nifty50 stocks are BPCL, Bajaj Finserv, IOCL, Bajaj Fin and ICICI Bank. The top five losers in Nifty50 stocks are Yes Bank, Tata Motors, Zee Ent, SBI and Hindalco. Yes Bank has touched 52 weeks low and continues down for the last three trading sessions after the news of promoters stake sell.

FIIs were the net buyers in the cash market last week, bought Rs 2036.73 crores and DIIs bought net Rs 800.24 crores. On a weekly basis Brent crude oil price has declined 3.73% and closed at $ 61.88 per barrel. Indian rupee has got appreciated 0.80% from last week's price and closed at Rs 70.51 against US dollar.

Stocks are in news

On 23rd September the OMCs HPCL, BPCL, IOC were trading higher and rose 3-7% after Credit Suisse, the foreign brokerage house raised the target for the Oil Marketing Companies (OMCs) and maintained underperformed rating.

On 24th September, RBI restricted the PMC Bank’s customer for withdrawal of money not more than Rs1000 from their account. The restriction imposed due to the Banks Rs 2500 crores exposure to HDIL which is under scanner now. On 26th Sept, RBI increased the withdrawal limit from Rs1000 to Rs10,000 and suspended the Banks MD JOy Thomas.

Maruti Suzuki has decided to cut the price of car of selected models due to which the stock has reacted negatively last week.

Other weekly market updates

The IRCTC IPO issue will open on 30th Sept and will close on 3rd Oct. The price band of the IPO is Rs315- Rs320 and minimum lot size is 40 and multiples thereafter.

Government has proposed a stake sale in top 5 Central Public Sector Enterprises (CPSEs) and these are BPCL, Container Corporation (CONCOR) Shipping Corporation of India (SCI), THDC and NEEPCO

Economic Offence Wing (EOW) has registered an FIR against the directors of Lakshmi Vilas Bank. The Banks share price has reacted negatively last week

A public interest litigation (PIL) was filed against the Indiabulls Housing Fiance, Delhi High court has issued a notice against the company. The share price fell on the last trading session.

Nifty future Technical views for 30th to 4th Oct

Primary Trend Nifty Future: Mild Up

Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11700 whereas All Down Moves Initiates Short Covering (Buy) @ 11450

If Nifty Future Moves Above 11600 and sustained. Then you should Buy with 1st Target of 11625 during the day or week with a Trailing Stop Loss of 11548- 11618- 11640- 11,690 FOR the Target of 11,625- 11,650- 11,676- 11,720

If Nifty Future Moves Below 11548 and sustained. Then you should Sell with 1st Target of 11520 during the day or week with a Trailing Stop Loss of 11602- 11505- 11476-11450 FOR the Target of 11,520- 11,492- 11,474- 11,446

Bank Nifty future technical view for 30th to 4th Oct

Primary Trend of Bank Nifty Future: Mild up

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30500, whereas All Down Moves Initiates Short Covering (Buy) @ 29600

If Bank Nifty Future Moves Above 30100 and sustained. Then you should Buy with 1st Target of 30175 during the day/week with a Trailing Stop Loss of 29980- 30130- 30245- 30380 FOR the Target of 30176 - 30282 - 30418- 30550

If Bank Nifty Future Moves Below 29980 and sustained. Then you should Sell with 1st Target of 29874 during the day/week with a Trailing Stop Loss of 30100- 29930- 29840- 29715 FOR the Target of 29874- 29745- 29638 -29430

Conclusions:

Wednesday stock market is closed on account of Gandhi Jayanti. The market will have four trading session next week. Traders should remain cautious of Tuesday because of Manufacturing PMI data release. The market will be highly volatile on Friday because of RBI Monetary policy and Service PMI data which will be announced during the market. Though the market sentiment is positive but the traders should closely follow the global cues and SGX Nifty and should remain cautious. Please visit our website for weekly updates on every Saturday/Sunday.

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Indian Stock Market: Nifty, Bank Nifty trends 23rd to 27th Sept

2019-09-21T14:04:00.003+05:30

Indian Stock Market

A highly volatile week of Indian stock market has ended in a very positive note. On a weekly basis, Nifty made a high of 11381.90 and low of 10,704.80 a movement of 677.10 points. Whereas Bank Nifty made a high of 29418.95 and low of 26727.55. Both the high and low of Nifty and Bank Nifty was made last Friday after the press conference of Finance minister.

Weekly updates of Indian Stock Market

Indian stock market was moving on southward direction with negative sentiments of economic slowdown and geopolitical issues. The announcement of Corporate tax cut and expectation of GST cuts has given a big boost to the Indian stock market. Friday's announcement will prove to a game changes for the stock market.

The week started with negative sentiments, After the drone attack on Saudi on last Saturday Crude oil prices soar and Indian rupee depreciates. As India is the largest crude oil importer there was basically a fear of crude oil supply. The next day Saudi also assures India about the smooth supply of crude oil. Thankfully after two days, everything got stable.

After two negative trading sessions, the Indian stock market gained last Wednesday ahead of the FOMC meeting. Market expectation was 25bps cut but commentary was most important.

On Wednesday evening as expected, FED cut 25bps points but offered mixed signals for next easing. Indian stock market fell on last Thursday because of FED commentary was not that positive and also Bank of Japan retained the same policy. The global cues were not supportive on Thursday.

On Friday market opened in green with the expectation of GST cut. The surprise press conference and announcement of corporate tax cut in the morning has cheered the market. The sentiment of the has become positive with measures taken by the government.

Nifty and Bank Nifty last Week

On a weekly basis, Nifty gained 198.30 points and closed at 11274.20. The Bank Nifty gained 882.80 points and closed at 28,981.55. The Nifty mid and smallcap also gained 352 points and 36.65 points during the week.

The top five Nifty gainers of the week are Titan, HUL, Bajaj Finance, Asian Paints and Britannia. The top five Nifty losers of the week are Yes Bank, Zee Ent., TCS, NTPC and Power Grid.

On a weekly basis, FII’s sold Rs 3375.38 crores and DII’s bought Rs 4821.81 crores in cash segment. FIIs are net buyers in the F&O segments. Brent crude oil future price has increased due to the Saudi attack in the current week. The last closing of Brent crude oil price is $64.63 per barrel it has increased 7.32% on a weekly basis. On a weekly basis, the Indian rupee has marginally depreciates of 0.13% and closed at Rs 71.08 against the US dollar

Primary Trend Nifty Future: Trend Up (volatile)

Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11450 whereas All Down Moves Initiates Short Covering (Buy) @ 11050

If Nifty Future Moves Above 11322. Then you should Buy with 1st Target of 11350 during the day or any day in the week with a Stop Loss of 11240. FOR the Target of 11350- 11380- 11415- 11450.

If Nifty Future Moves Below 11245. Then you should Sell with 1st Target of 11197during the day or any day in the week with a Stop Loss of 11294 FOR the Target of 11197- 11148- 11100- 11020

Primary Trend of Bank Nifty Future: Trend Up (volatile)

Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 29800, whereas All Down Moves Initiates Short Covering (Buy) @ 28200

If Bank Nifty Future Moves Above 29076. Then you should Buy with 1st Target of 29170 during the day or any day in the week with a Stop Loss of 28880 FOR the Target of 29170 - 29410 - 29660- 29,876

If Bank Nifty Future Moves Below 28880. Then you should Sell with 1st Target of 28550 during the day or any day in the week with a Stop Loss of 29076 FOR the Target of 28550- 28250- 27980- 27840

Conclusions:

After, the Friday’s rally in the Indian stock market, investors' expectation has increased. We may see FIIs to come back again in the market. After the Fridays rally market may see some profit booking before further rally.

On the other side, we cannot ignore the geopolitical issues and Q2 earning. Traders are advised to trade cautiously with a strick stop loss and also follow the global cues. Traders can also follow the Nifty and Bank Nifty trend given above to trade next week

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Nifty and Bank Nifty trend for next week (16th-20th Sept)

2019-09-14T22:13:00.003+05:30

Nifty and Bank Nifty Trend

Indian stock market recovered from the days low last Friday. Almost all sectors enjoyed the northward ride leads by Oil & Gas, metal, constructions, capital goods and IT. The market reacted to the positive global cues and India’s macro numbers.

There was only four trading session in the last week. On a weekly basis, Nifty and Sensex gained 129.70 and 403.22 points respectively. Bank Nifty jumped 850.85 points during the week.

Last Thursday, CPI and IIP data had released, the retail inflation has marginally increased to 3.21% in August from 3.15%. The rise in inflation is due to the increase in food and vegetable prices. The August retail inflation is under the comfort zone of RBI for another rate cut. This is one of the reasons why market sentiment has improved on last Friday.

The IIP growth rises to 4.3% in July compared to 2% in June but if we compare with last year same month growth is still subdued. The low growth is because of poor performance by the manufacturing sector. This is another reason why investor's sentiment improved on Friday. Investors' hopes are still alive on the rate cut and more stimulus to revive the industrial growth.

On the global front, US President Donald Trump has postponed the tariff hike on Chinese goods ahead of trade talks next month. Rate cut and stimulus by the European Central Bank (ECB) also helped to improve the global and domestic market sentiment last Friday.

Nifty and Bank Nifty updates last week

The Nifty midcap and smallcap 100 also jumped last week. Nifty midcap gained 360.45 points and Nifty smallcap was up 174.4 points. Nifty small caps index gained more than 3% in the last. Time has come to pick fundamentally good stocks in mid and small-cap space.

The top five Nifty50 gainers of the week are Yes Bank, BPCL, Tata Motors, SBI, and Hindalco. The five losers of Nifty50 stocks are Zee Ent, HCL Tech, Wipro, TCS, and NTPC.

FIIs are the net buyers in the cash & F&O segment last week bought Rs 456.36 crores and Rs 9025.48 crores. DIIs also bought Rs 1901.63 crores in the cash segment last week. Indian rupee appreciates 0.92% and closed at Rs 70.99 against the US dollar. Brent crude oil future price fell 2.14% last week and closed at $ 60.15 per barrel.

Nifty and Bank Nifty Trend for next week

Primary Trend of Nifty: Trend Up

Range-Bound Trend of Nifty:

All up Moves Initiates Profit Booking (Sale) @ 11200 whereas all down moves Initiates Short Covering (Buy) @ 10950

If Nifty moves above 11125 then you should Buy with 1st Target of 11155 during the day or any point during the week by Trailing the Stop Loss from 11078- 11138- 11170- 11192 FOR the Target of 11150- 11197- 11220- 11280

If Nifty moves below 11074 then you should Sell with 1st Target of 11045 during the day or any point during the week by Trailing the Stop Loss from 11125- 11030- 10990 -10960 FOR the Target of 11045- 11015- 10980 -10955

Primary Trend of Bank Nifty: Trend Up

Range-Bound Trend of Bank Nifty:

All up moves Initiate Profit Booking (Sale) @ 28550, whereas all down moves Initiate Short Covering (Buy) @ 27850

If Bank Nifty moves above 28250 then you should Buy with 1st Target of 28320 during the day or any point during the week by Trailing the Stop Loss from 28120-28350- 28460 FOR the Target of 28320 - 28494 - 28574

If Bank Nifty moves below 28120 then you should Sell with 1st Target of 28000 during the day or any point during the week by Trailing the Stop Loss from 28250- 27974- 27865 FOR the Target of 28000- 27850- 27560- 27778

Conclusions:

Monday the Indian stock market will open as per global cues, it is expected to be positive. Traders are advised to remain cautious around 12 pm on Monday as WPI numbers will be announced. The market is expected to be volatile during the time of WPI numbers. Traders can check out above Nifty and Bank nifty share price target for next week's trade.

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Indian Stock Market:Nifty and Bank Nifty Future 9th to 13th Sept

2019-09-07T19:55:00.001+05:30

Nifty and Bank Nifty Future

Indian stock market closed in a positive note on Friday the last day of the week. On a weekly basis, the Nifty and Sensex fell 77 and 351 points and closed at 10946.20 and 36981.77 respectively. Bank Nifty also declined 180 points during the week and closed at 27247.90.

Indian Stock Market last week

During the week the market was trading range-bound, Nifty was trading in a 200 points range. On the first day of the week, the market reacted to weak GDP numbers and the PSU bank merger. The last day of the market closed in a positive zone because of positive global cues, strong US data, hopes of easing trade tension of US and China, the expectation to relax tax on auto sectors.

The top five Nifty50 gainers in the last week are Coal India, Dr. Reddy’s lab, BPCL, ONGC, and NTPC. The top Nifty50 losers in the last week are Indiabulls Housing, HDFC, Sun Pharma Inds, Asian Paints and IndusInd Bank.

In the last four days, FIIs sold Rs 5272.91 corers in the cash segment and bought Rs 4220.58 crores in F&O (stocks+index). DIIs are the net buyers so far in the cash segment in this month bought Rs 4462.44 crores.

Indian rupee closed at Rs71.65 against the dollar gained 0.27% during the week. The Brent crude oil future index closed at $ 61.54 per barrel the price increased by almost 2% during the week.

Next week again there will be four trading session, Tuesday 10th September Indian stock market will be closed on account of Moharram. Thursday, 12th September, July months IIP data and Aug months CPI data will be released after the market. On Friday, Bank loan growth, foreign exchange reserve, and deposit growth data will be released.

Nifty and Bank Nifty future trading view for next week

Primary Trend of Nifty Future: Volatile to Sideways

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11140 whereas All Down Moves Initiates Short Covering (Buy) @ 10860

If Nifty Future Moves Above 10976 then you should Buy with 1st Target of 10997 during the day or any point during the week by Trailing the Stop Loss from 10945- 10990- 11040- 11130 FOR the Target of 10997- 11020- 11074- 11148

If Nifty Future Moves Below 10945 then you should Sell with 1st Target of 10920 during the day or any point during the week by Trailing the Stop Loss from 11076- 10994- 10960 -10915 FOR the Target of 10920- 10890- 10862 -10830

Primary Trend of Bank Nifty Future: Volatile to Sideways

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 27650, whereas All Down Moves Initiates Short Covering (Buy) @ 26970

If Bank Nifty Future Moves Above 27345 then you should Buy with 1st Target of 27452 during the day or any point during the week by Trailing the Stop Loss from 27230- 27390- 27510- 27640 FOR the Target of 27452- 27538- 27615- 27794

If Bank Nifty Future Moves Below 27230 then you should Sell with 1st Target of 27150 during the day or any point during the week by Trailing the Stop Loss from 27550- 27405- 27320- 27132 FOR the Target of 27150- 27076- 26974- 26860

Conclusions:

On Tuesday 10th September, the Indian stock market will be closed on account of Moharram. The Indian market will follow the global cues next week. Thursday after the market hours CPI and IIP data will be released, the market will react on the data on Friday. Any positive news in auto and infra sectors can also make the Indian stock market positive for the next week. Traders are advised to follow closely the above events before placing any trades.

Market update:Know how Nifty, Bank Nifty will react on weak GDP

2019-08-31T13:04:00.001+05:30

Market update: How Nifty, Bank Nifty will react on Weak GDP- The Indian stock market ended in green on the last day of the week. The market was volatile throughout the day due to Q1 GDP numbers which announcement after market hours.

In the post-lunch, the market sentiment becomes positive after the news flashed on media that the finance minister will address a press conference on recapitalization and consolidation of PSBs. The news has increased the buying interest in the PSU Banking counter. Apart from this news hopes of Trade talks between the US and China helped to boost market sentiment on Friday the second half.

At close, Sensex gained 263 points and closed at 37332.79 and Nifty was up 74.95 points and closed 11023.25. Bank Nifty share price also gained 122.65 points or by 0.45% and closed at 27427.85. All points are on a spot basis.

Nifty and Bank Nifty on Last week:

On a weekly basis, Nifty gained 194 points and closed at 11,023.25 whereas Bank Nifty up 469 points and closed at 27,427.85. Nifty Midcap 100 gained 298 points and Nifty Smallcap 100 also jump 203 points during the week.

The top five Nifty50 gainers of the week are Britannia Inds, BPCL, Indusind bank, Zee Ent and HDFC. The top five losers in Nifty50 are Bharti Airtel, Indiabulls Housing, Kotak Mahindra Bank, Hero Motorcorp and Reliance Industries. In the Nifty Midcap space, Oberoi Realty is the top gainer and RBL bank is the top loser in the week.

On a sector-wise, Banking, Realty and Metal are the gainers in the last week. On a weekly basis, FIIs are a net seller in the cash segment sold Rs 2435.74 crore and purchased in F&O (Index &Stocks) Rs 6576.02 crores. Last week DIIs bought Rs 4785.76 crores in the cash segment.

Reasons for market gained last week

Last week the Indian stock market gained because of below reasons

The stimulus package announced by the Finance Minister Nirmala Sitharaman on 23rd Aug after the market.Complete roll-back of FPI super-rich tax announced in the last budget
Foreign Direct Investments (FDI) norms relaxed by the government for Industries.
Hopes of Trade talks between the US and China

Next week's event for the Indian Market

On Monday 2nd September, the Indian stock market will be closed on account of Ganesh Chaturthi, there will four trading sessions next week.

Tuesday, the Indian market will first react to the news of PSB consolidation and recapitalization. The movement in Bank Nifty particularly in PSU banking space will be seen on Tuesday.

The Central statistics office on Friday 30th Aug announced the 5% GDP growth rate for the first quarter of the current financial year. It was the weakest growth rate since the 1st quarter of 2013. A sharp decline in GDP numbers is seen compared to the last quarter which was 5.8%. The Indian stock market will definitely react to the weak GDP numbers on Tuesday.

The Markit Manufacturing and Service PMI data will be released on Monday and Wednesday next week. Infrastructure output data will be announced next Monday on 2nd September.

Nifty and Bank Nifty future trading view for next week

Primary Trend of Nifty Future: Volatile to Sideways

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11150 whereas All Down Moves Initiates Short Covering (Buy) @ 10880

If Nifty Future Moves Above 11076 then you should Buy with 1st Target of 11138 during the day or any point during the week by Trailing the Stop Loss from 11020- 11115- 11192- 11250 FOR the Target of 11138- 11170- 11202- 11294

If Nifty Future Moves Below 11020 then you should Sell with 1st Target of 10978 during the day or any point during the week by Trailing the Stop Loss from 11076- 10994- 10960 -10915 FOR the Target of 10978- 10945- 10880 -10822

Primary Trend of Bank Nifty Future: Volatile to Sideways

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 27980, whereas All Down Moves Initiates Short Covering (Buy) @ 27130

If Bank Nifty Future Moves Above 27634 then you should Buy with 1st Target of 27794 during the day or any point during the week by Trailing the Stop Loss from 27580- 27710- 27840- 27980 FOR the Target of 27794- 27905- 28010- 28260

If Bank Nifty Future Moves Below 27475 then you should Sell with 1st Target of 26825 during the day or any point during the week by Trailing the Stop Loss from 27550- 27405- 27320- 27132 FOR the Target of 27362- 27255- 27092- 26946

Conclusions:

On Monday, the Indian stock market will be closed on account of Ganesh Chathurthi. Tuesday, the market will react on PSU banking merger and weak GDP news which came after a market hour last Friday. Indian market will take positively the PSU bank merger news but 6 years' low GDP number is a real concern for the market.

Traders or Investors should closely monitor any developments in the Trade Talks between the US and China.

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Stimulus Package: Nifty and Bank Nifty View for- 26th to 30th Aug

2019-08-24T23:20:00.003+05:30

Stimulus Package Nifty and Bank Nifty View

At last the much-awaited stimulus package for economic growth announced by the Financial Minister Nirmala Sitharaman on Friday after market hours.

But the big question is can the market bounce back from here?

Can Nifty and Bank Nifty which corrected 981.80 and 4517.15 points respectively after FM Nirmala Sitharaman’s maiden budget will bounce back now?

The stimulus package for economic growth which investors or traders were waiting is a positive for the Indian market. But whether this can be a game-changer or not depends on many other factors.

Last Friday Moody has cut India’s GDP growth rate to 6.2%, Donald Trump added 5% tariff on Chinese goods and the US market fell sharply. These are a few negative news which can affect the Indian market next week.

The Indian rupee is again trading near an all-time low. The poor Q1 results of Indian corporates, the global economic recession, cross border tension, etc are some other factors which market may take it negatively.

Is it wise to expect a bullish market for stimulus package announcement amid of so many negative factors around us? is a big question mark at present.

Last Friday the Indian stock market reversed from the day’s low after the news flashed that Finance Minister will hold a press conference for economic growth. It was a mini-budget from the Finance Minister Nirmala Sitharaman to boost or improve the sentiment of investors and the business community.

The main highlights of the stimulus package are:

Violation of Corporate Social Responsibility (CSR) norms under the companies law will be treated as civil liability and not a criminal offense.
Rs 70,000 crore will be released to PSB’s to boost the liquidity
Banks have agreed to pass on the rate cut through MCLR reductions to benefit all borrowers.
Enhanced surcharge on Foreign Portfolio Investors (FPI) which was introduced in the last budget is now completely rolled back
Finance Minister has announced that the enhanced surcharge levied on LTCG and STCG will be withdrawn.
Angel tax on startups has been withdrawn
FM-RBI is working to bring offshore rupee market to the domestic market
To establish credit enhancement for Infra and housing projects
Liquidity support to housing finance companies increased to Rs30,000 crore
Pending GST refunds to be paid in 30 days. and many more

Yesterday, Finance Minister Nirmala Sitharaman said the government is focused on continuous reforms whenever it is sluggish. The best part is the Finance Minister will be announcing a few more reforms in the next week.

Nifty and Bank Nifty reacted on last week

Last week Nifty and Bank Nifty fell 218.45 and 1258.35 points respectively on spot level. On percentage, wise Nifty was down 2% and Bank Nifty was down almost 4.7% The Indian stock market was highly volatile throughout the week. Nifty midcap and smallcap 100 also down 841.70 and 351.15 points respectively. Percentage-wise Nifty Midcap 100 was down 5.5% and smallcap was down 6.7%.

Foreign Institutional Investors (FIIs) are still net sellers whereas DIIs are the buyers in last week. On a weekly basis, Indian rupee depreciated 0.50% and closed at Rs 71.513 against 1 dollar. On a weekly basis Brent Crude oil price has increased by 1.19% compared to last week.

On a weekly basis, the top five Nifty50 gainers are Maruti Suzuki, TCS, Tech Mahindra, Infosys, and Sun Pharma. The top five losers in the Nifty 50 stocks are Yes Bank, Indiabulls Housing, Indusind Bank, Tata Motors and Ultra Tech Cement.

Next Week's Event in Indian Stock Market

Next week is the monthly derivative expiry market would be highly volatile. The market will first react to the stimulus package that has announced aftermarket on Friday the last day of the week. The stimulus package will definitely give a gap up opening on Monday next week.

But how many days the market will remain in a positive zone will depend on global cues, progress in monsoon, movement of rupee against the dollar, Brent crude oil price movement. Investors and traders need to closely watch the movement of Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) to know the direction of the market.

On the macro front, India’s Q1 Gross Domestic Product (GDP) data will be released after market hours on 30th Aug, the last day of the week. Bank loan growth, deposit growth, Infrastructure output, Foreign exchange reserve are other data that will be released next Friday, 30th Aug after market hours.

Nifty and Bank Nifty future trading view for next week

Primary Trend of Nifty Future: Volatile

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11030 whereas All Down Moves Initiates Short Covering (Buy) @ 10680

If Nifty Future Moves Above 10872 then you should Buy with 1st Target of 10945 during the day or any point during the week by Trailing the Stop Loss from 10794- 10960- 11015- 11110 FOR the Target of 10945- 10984- 11032- 11134

If Nifty Future Moves Below 10794 then you should Sell with 1st Target of 10746 during the day or any point during the week by Trailing the Stop Loss from 10880- 10720- 10680 -10590 FOR the Target of 10746- 10705- 10640 -10560

Primary Trend of Bank Nifty Future: Volatile

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 27650, whereas All Down Moves Initiates Short Covering (Buy) @ 26650

If Bank Nifty Future Moves Above 27150 then you should Buy with 1st Target of 27322 during the day or any point during the week by Trailing the Stop Loss from 26965- 27220- 27380- 27580 FOR the Target of 27322- 27464- 27605- 27920

If Bank Nifty Future Moves Below 26965 then you should Sell with 1st Target of 26825 during the day or any point during the week by Trailing the Stop Loss from 27080- 26910- 26840- 26710 FOR the Target of 26825- 26680- 26520- 26330

Conclusions:

On Monday market is expected to open gap up because of the stimulus package announced last Friday by FM Nirmala Sitharaman. The Indian stock market will remain highly volatile next week because of monthly derivative expiry scheduled on Thursday 29th Aug.

Traders must remain cautious and trade with strict stop loss only. Nifty and Bank Nifty may show some positive up move next week but for the long term, it would depend on global cues and Q2 results of the Indian companies. Traders and Investors are advised to closely watch the movement of FPIs to get the direction of the market in the next week.

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Indian Stock Market:Nifty and Bank Nifty (19th to 23rd Aug)

2019-08-18T22:32:00.003+05:30

Nifty and Bank Nifty Share Price

Indian Stock Market:Nifty and Bank Nifty (19th to 23rd Aug):Indian stock market closed in positive note on the last day of the week. Nifty and Sensex gained 18.40 points and 38.80 points respectively at the end. Bank Nifty share price jumps more than 0.70 percent gained 197.80 points and closed at 28217.

Last Thursday,Prime Minister Narendra Modi held a meeting with the official to discuss various steps to arrest the current economic slowdown. The proposal like FPI Super rich tax structure,to raise minimum share holding in listed company, GST cut etc are in package in economic stimulus.

Next week minutes of the RBI monetary policy will be released on Wednesday 21st Aug and Foreign exchange reserve will be released on 23rd Aug. Indian stock market is desperately looking for economic stimulus which will kick start the growth in current slowdown.

Nifty and Bank Nifty Future for next week

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Range Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11200 whereas All Down Moves Initiates Short Covering (Buy) @ 10910

If Nifty Future Moves Above 11080 then you should Buy with 1st Target of 11120 during the day or any point during the week by Trailing the Stop Loss from 11025- 11110- 11180- 11238 FOR the Target of 11120- 11152- 11192- 11270

If Nifty Future Moves Below 11025 then you should Sell with 1st Target of 10992 during the day or any point during the week by Trailing the Stop Loss from 11080- 10980- 10938 -10892 FOR the Target of 10992- 10960- 10910 -10852

Primary Trend of Bank Nifty Future: Volatile (Bias Sideways)

Range Bound Trend : All up Moves Initiates Profit Booking (Sale) @ 28650, whereas All Down Moves Initiates Short Covering (Buy) @ 27950

If Bank Nifty Future Moves Above 28293 then you should Buy with 1st Target of 28460 during the day or any point during the week by Trailing the Stop Loss from 28220- 28380- 28525- 28638- 28840 FOR the Target of 28460- 28570- 28674 - 28950

If Bank Nifty Future Moves Below 28190 then you should Sell with 1st Target of 28110 during the day or any point during the week by Trailing the Stop Loss from 28293- 28150- 28038- 27950- 27860 FOR the Target of 28110- 28010- 27910- 27740

Conclusions:

The Indian stock market has become highly volatile because of the reasons mentioned above. Traders must remain cautious and trade with stop loss only. Indian stock market may open in positive on Monday if Asian market opens in positive zone on Monday morning.

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Bank Nifty Share Price Target: Indian Stock Market News

2019-08-11T15:08:00.001+05:30

Nifty Share Price Chart

Indian Stock Market: Nifty and Bank Nifty Share Price Target- Before jumping to Nifty and Bank Nifty share price target let us first know the Indian stock market updates and next week's events. Next week the market is closed on Monday 11th Aug due to Bakrid and 15th Aug on occasion of Independence day, check out the Market Holidays

Indian stock market update last week

Last week after the initial fall, the benchmark indices closed in a positive note. The Nifty and Sensex share price gained 112.30 and 463.69 points respectively up almost 1% and 1.23% during the week. The Bank Nifty share price also gained 227 points around 1% up in the last week.

The Nifty Midcap and Smallcap 100 index rallied 237.95 and 63.55 points respectively during the week. Both the indices rallied above 1% percent last week. On a weekly basis, Future consumer and Prestige Estate are the top gainer in the Nifty Midcap 100 index whereas NBCC and Jindal Steel are the losers.

In Nifty 50 stocks, top gainers last week are Hero Motorcorp, Bharti Airtel, HCL Tech, and Bajaj Finserv. The top losers in the Nifty 50 stocks in the last week are Tata Steel, UPL, Yes Bank, Tata Motor, and Cipla. The share price of Yes Bank fell 9% intraday last Friday due to the opening of QIP at a floor price of Rs87.90 with a proposed discount of 5% maximum.

Reasons for Indian stock market volatility last week

Last week after China devalued its currency Yuan, the focus of trade war shifted to Currency War. In order to make exports more competitive in the global market and import more expensive, countries sometimes devalue their currency. Last week the devaluation of Yuan has also effected Indian Currency, Indian Rupee got depreciated 1.76% and closed at Rs 70.92 against the dollar

On 7th Aug Wednesday RBI has cut the repo rate by 35bps. The rate cut is the fourth time a row in this calendar year 2019. The six-member Monetary Policy Committee (MPC) has also lowered the FY20 GDP growth forecast from 7% to 6.9% but maintained its stance as accommodative.

The RBI tried to push the growth by cutting the repo rate and also relaxing the bank’s exposure to single NBFC’s from 15% of its tier 1 capital to 20%. RBI has also allowed banks that they can meet their priority sector credit targets by lending to NBFCs for on-lending to agriculture investment with some caps.

Though the market fell after the RBI monetary policy but on the 8th Aug Thursday market jumps on the expectation of withdrawal of FPI surcharge. The manufacturing PMI data also rose to 52.5 in July from 52.1 in the previous month which was positive for the market. Short covering was seen in the market on Thursday and it closed above 11000 psychological levels.

The Indian stock market rose for a second straight session on Friday with a hope that Government will roll back the FPI surcharge and will take measure to revive the auto sector. The auto industries are in very bad shape at present.

Indian stock market events next week

On Friday after market hours, Finance Minister Nirmala Sitharaman met representatives of mutual funds, investment banks, FPIs, and others. The agenda of the meeting was to discuss the rollback of FPI surcharge and other issues like abolishing long term capital gain tax, a review of the dividend distribution tax, simper KYC, etc.

The government may take positive steps to revive the auto industry and roll back the FPI surcharge soon maybe next week. This can be the immediate trigger for the Indian Stock Market

On Friday after market hours, the IIP data for the month of June was released. As expected the June Index of Industrial Production (IIP) growth dropped to 2% YoY from an upwardly revised 4.6% in the previous month. There was a slow down in the manufacturing sector, which grew at 1.2% in June as compared to 6.9% a year ago.

Next week there are only three trading days, the Indian stock market will react to the IIP data first. Tuesday 13 Aug retail Inflation (CPI) will be announced after market hours and on 14th Wednesday WPI is scheduled. On Friday Foreign exchange reserve and Bank loan growth data will be released. Next week market is also expecting positive news from our Finance Minister regarding FPI surcharge.

Nifty and Bank Nifty share price target for next week

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Range-Bound Trend:

All up Moves Initiates Profit Booking (Sale) @ 11220 whereas All Down Moves Initiates Short Covering (Buy) @ 11020

If Nifty Future Share Price Moves Above 11132 then you should Buy with 1st Target of 11154 during the day or any point during the week by Trailing the Stop Loss from 11094- 11162- 11190- 11220 FOR the Target of 11154- 11182- 11210- 11242

If Nifty Future Share Price Moves Below 11090 then you should Sell with 1st Target of 11062 during the day or any point during the week by Trailing the Stop Loss from 11126- 11047- 11020 -10980 FOR the Target of 11062- 11038- 11007 -10952

Primary Trend of Bank Nifty Future: Volatile (Bias Sideways)

Range-Bound Trend:

All up Moves Initiates Profit Booking (Sale) @ 28650, whereas All Down Moves Initiates Short Covering (Buy) @ 28200

If Bank Nifty Future Share Price Moves Above 28558 then you should Buy with 1st Target of 28638 during the day or any point during the week by Trailing the Stop Loss from 28480- 28590- 28680- 28760 FOR the Target of 28638- 28705- 28774

If Bank Nifty Future Share Price Moves Below 28418 then you should Sell with 1st Target of 28340 during the day or any point during the week by Trailing the Stop Loss from 28480- 28315- 28240- 28200 FOR the Target of 28340- 28260- 28180

Conclusions:

The Indian stock market was highly volatile last week. The market sentiments improved in the last two trading days after getting the assurance from the Finance Minister Nirmala Sitharaman. In a meeting with Finance minister Nirmala Sitharaman and representative of Mutual Fund, Corporates, FPIs, the finance minister has assured to rollback or withdrawal FPI surcharge. This can be hugely positive for the Indian stock market. Government measures like a cut on GST in the auto sector are also expected next week.

The above two events can become a positive trigger for the market for next week otherwise, both nifty and bank nifty futures share price will move sideways. Traders are advised to trade with strict stop loss mentioned above for Nifty and Bank nifty future share price target. Traders are also advised to track the global market particularly the trade war and currency war-related developments.

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Indian Stock Market-Nifty | Bank Nifty Future (5th-9th Aug)

2019-08-04T09:33:00.001+05:30

Bank Nifty Share Price Target

Indian stock market update and Nifty and Bank Nifty future for next week-Indian stock market bounced back after a steep fall in the morning session on Friday. The market was highly volatile throughout the week, especially on the last day.

Nifty share price made a movement of 231 points and closed at 10997.40 gained 17.40 points during the day. Bank Nifty share price was equally volatile made a movement of 608 points and closed at 28204.95 fell 162 points from the previous close.

Indian stock market update on a weekly basis

Indian stock was highly volatile last week. Nifty fell 287 points and Bank Nifty fell 1120 points which are around 2.60% and 3.80% respectively. Last week Nifty midcap and smallcap Index also fell 516 points and 280 points which is more than 3% and 5% respectively.

The top Nifty gainers of the week are TCS, Bharti Airtel, Asian Paints, HCL Tech and HUL. The top Nifty losers of the week are Indiabulls Housing, Zee Ent, Vedanta, Tata Motors and Grasim. Cholaman Inv&Fin is the top gainers in Nifty midcap 100 index and Indiabulls venture is the top loser.

On a Sectoral basis, except IT all sectors ended in red last week. FIIs are the net seller and DIIs are the buyer last week. Last week Brent Crude oil price corrected 2.47% and INR against the US dollar got depreciated 1.15%.

Why the Indian stock market is falling

After the Budget was announced on the 5th of July, all hopes of market revival got shattered. Corrections are seen in the large-cap stocks also like HDFC, Bajaj, RIL, M&M, etc along with mid and small caps stocks. Auto stocks, PSU banks, and NBFCs, metals, realty stocks are at a multi-year low.

There are two-three reasons why the Indian stock market is falling like crazy, firstly the economic slowdown in India. After the International Monetary Fund ( IMF) lowered Indian GDP from 7.3% to 7 for FY20 in July, CRISIL has now revised India’s growth estimate from 7.1% to 6.9%. The core sector industry index grew by just 0.2% in June.

Auto sector sales declined, and now they have started to cut their production. This results in poor quarterly earnings, job loss, and less purchasing power to the people. Similarly, other industries are also affected in the same way. This is a vicious cycle of the economy after the recession than recovery will start, hope we can see the recovery soon.

The second reason for the market fall is the Super-rich tax of FPI. As we all know after the announcement of the super-rich tax in the budget, the market started falling heavily. It looks like there is no ray of hope in this issue at present.

The third reason is from the global front, the global recession, and geopolitical issues. The ongoing Trade War tussle between the US and China has shaken the world’s economy. It has not only made nervous to the global stock market but also the Indian stock market.

The other reasons for the recent Indian stock market fall are Q1 results of Indian companies, delay in monsoon, and liquidity crisis.

Q1 result update in Indian stock market

We have already updated almost all Nifty50 Q1 result update on 31st July except SBI you can read the Q1 result update here. SBI has reported its Q1 result on Friday after the market hours.

Country’s largest PSU Bank State Bank of India has reported a standalone profit of Rs 2312.20 crore for the June quarter. The bank had reported a loss of Rs 4875.85 crore in the corresponding period last year. The SBI has reported a jump of 176% on QoQ in profit against Rs 838.40 crore in March quarter last year

The Net interest income NII grew 5.2% YoY to Rs 22,938.8 crore in the June quarter with a loan growth of 13.8% YoY. The SBI has reported stable asset quality and lower provisioning in June quarter.

Gross and net NPAs in absolute terms, declined both sequentially as well as on a YoY basis. Gross slippages at Rs 16,212 crore for the June quarter increased sharply by 62.38% YoY and 116.01% sequentially. The slippage ratio increased significantly to 2.83% in June Fy20 from 1.39% in March FY19

The share price of SBI closed at Rs 308.45 per share down 2.74% on Friday. Investors can see some corrections in SBI.

Indian stock market events for next week

Next week around 500 corporates will announce their Q1 results. The Nifty 50 corporates like Indiabulls Hsg Fin, Titan, M&M, HPCL, Adani Ports, Tata Steel, Ultratech Cement, Hindalco, BPCL, NTPC will announce Q1 results next week.

The IHS Markit India service PMI is expected on 5th Aug Monday morning, June PMI fell unexpectedly to 49.6 from 50.2 in May.

The RBI monetary policy is scheduled next week on 7th Aug Wednesday at 11.45 am. It is expected that this time again RBI will cut 25bps rate cut. The 25bps rate cut is already discounted in the market. Hence RBI market commentary on inflation, GDP growth and other measures on growth would be important for Indian stock market next week. You can read details about RBI Monetary Policy: CRR | SLR | Repo Rate|Hawkish|Dovish

Nifty and Bank Nifty future trading view for next week

Primary Trend of Nifty Future: Volatile (Bias Down)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11110 whereas All Down Moves Initiates Short Covering (Buy) @ 10890

If Nifty Future Moves Above 11035 then you should Buy with 1st Target of 11072 during the day or any point during the week by Trailing the Stop Loss from 10992- 11049- 11102- 11162 FOR the Target of 11072- 11132- 11192- 11220

If Nifty Future Moves Below 10992 then you should Sell with 1st Target of 10956 during the day or any point during the week by Trailing the Stop Loss from 11035- 10980- 10932 -10845 FOR the Target of 10956- 10892- 10830 -10776

Primary Trend of Bank Nifty Future: Volatile (Bias Down)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 28550, whereas All Down Moves Initiates Short Covering (Buy) @ 27890

If Bank Nifty Future Moves Above 28375 then you should Buy with 1st Target of 28518 during the day or any point during the week by Trailing the Stop Loss from 28220- 28550- 28605- 29710 FOR the Target of 28518- 28660- 28830

If Bank Nifty Future Moves Below 28220 then you should Sell with 1st Target of 28050 during the day or any point during the week by Trailing the Stop Loss from 28375- 27980- 27910- 27825 FOR the Target of 28050- 27892- 27740

Conclusions:

The Indian stock market has become highly volatile because of the reasons mentioned above. Traders must remain cautious and trade with stop loss only. Indian stock market is in a downtrend, you can see short covering or pullback but should not try to catch a falling knife.

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Market Update: Nifty50 and Bank Nifty Share Price

2019-07-31T22:22:00.000+05:30

Market update Bank Nifty share price

Market update: The Indian stock market was highly volatile throughout the day. Nifty50 and Bank Nifty share price closed in green at the end.

Nifty 50 and Bank Nifty share price today

In the morning the global cues were negative, SGX Nifty was indicating a negative opening for the Indian market. As per the indication, the Indian market also opens in negative and Nifty50 broke 11000 levels around 11 am in the morning.

Nifty50 then took support at 11000 levels and closed at 11118 today, gained 32.60 points. The volatility of 145 points was seen in Nifty50 during the day.

Bank Nifty share price gained 84.40 points during the day and closed at 28876. Bank Nifty has shown a movement of 450 points during the day. The strong movement in PSU Bank share was seen in the second half. The PSU Banking index gained 1.73% during the day.

Top Nifty gainers and losers of the day

Nifty Midcap and smallcap index also closed in green today. In the end, the Nifty Midcap 100 index gained 1.38% whereas the Nifty smallcap gained 0.41%. ADAG stocks R-power and RInfra were the top gainer in midcap space and IDFC is a gainer in the Nifty smallcap index.

The top Nifty50 gainers of the day are Yes Bank, IndusInd Bank, IOCL, Hero Motocorp, and Tata Steel. The Nifty50 losers of the day are Zee Ent, Axis Bank, Bharti Airtel, Titan Company, and Bharti Infra.

On Sector-wise, Auto, Bank, Engineering and Capital goods, Metal was closed in green whereas Media, Telecom, Real estate, Diamond & jewelry were closed in the red. So far FIIs are the net seller and DIIs are the net buyer in July.

Q1 result impact on Nifty50 and Bank Nifty share price

The country’s largest two-wheeler maker reported Q1 results yesterday. The company reported a 38.3% YoY increase in profit in June end quarter. Revenue from the operation declined 8.8% YoY to Rs 8030.3 crore in the June quarter-end with sales volume at 12.5% YoY.

The share price of Hero Motocorp closed at Rs 2356.10 per share 4.31% up

Yesterday IT company Tech Mahindra reported a 15.3% fall in Q1 net profit at Rs 959 crore against Rs 1132.5 crore in the previous quarter of March 2019. The company’s rupee revenue was down 2.7% at Rs 8653 crore against Rs 8892.3 crore and dollar revenue was down 1.6% at $1247.1 million against $1267.5 million QoQ.

EBIT fell 27.4% at Rs 992.8 crore, while margin was down 390 bps at 11.5%. The share price of Tech Mahindra was closed Rs 636.25, 0.62% down.

Axis Bank reported its Q1 results yesterday, Its net profit rose 95% YoY to Rs1370 crore in the June quarter. The bank had reported a profit of Rs 701 crore in last year same quarter.NII increased 13% YoY to Rs 5843.65 crore in the quarter ended June 2019, with a 13% loan growth YoY.

The Bank has reported Asset quality stable but provisioning and slippages remained higher. The share price of Axis Bank closed at Rs 674.10 per share, 4.73% down.

Indian share market reacted negatively on both Axis Bank and Tech Mahindra results announced yesterday. The brokerage houses also cut the target price of both the shares.

Today Q1 result

Eicher motor has reported Q1 result today, a 21.6% YoY fall has been reported in June quarter. The consolidated profit at Rs 451.8 crore with low volume performance and weak operating income was reported. Profit in the corresponding period last fiscal stood at Rs 576.2 crore.

The share price of Eicher Motor closed at Rs16,348.05 per share up 1.14% today.

Today UPL Ltd announced Q1 results, the company’s profit missed the street estimate in June quarter because of an exceptional loss in higher raw material and higher depreciation and finance cost. The company reported a 57.8% drop in June quarter consolidated profit at Rs 220 crore.

The share price of UPL closed at Rs 595.25 per share 3.76% up

Both Eicher Motor and UPL announced Q1 results after the market. Tomorrow the market will react on both the weak result.

Indian Oil Company reported its Q1 result during the market hour. The Company reported a 47.36% YoY drop in standalone net profit at Rs 3596.11 crore for the June quarter. On a sequential basis, profit dropped 41% to Rs 6099.3 crore in March quarter. The company had posted a standalone net profit of Rs6831.13 crore in the same quarter last year.

The company’s revenue rose marginally at Rs1.50 lakh crore from Rs1.49 lakh crore in the year-ago quarter and Rs1.45 lakh crore in March quarter.EBITDA declined 23.2 % on a QoQ basis to Rs 8,349.8 crore.

The share price of IOCL closed at Rs139.30 per share today 4.34% up

Nifty50 and Bank Nifty future share price Trading Strategy for tomorrow

Primary Trend of Nifty50 Future: Volatile (Bias Down)

Nifty50 Future Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 11180, whereas all Down moves Initiate Short Covering (Buy) @ 11010

If Nifty Future moves above 11146 then you should Buy with 1st Target of 11184 during the day with a Stop Loss of 11107 FOR the Target of 11184- 11213- 11240

If Nifty Future moves below 11107 then you should Sell with 1st Target of 11080 during the day with a Stop Loss of 11146 FOR the Target of 11080- 11050- 11013

Primary Trend of Bank Nifty future share price: Volatile (Bias Down )

Bank Nifty future share price Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 29200, whereas all Down moves Initiate Short Covering (Buy) @ 28600

If Bank Nifty Future moves above 29032 then you should Buy with 1st Target of 29150 during the day with a Stop Loss of 28905 FOR the Target of 29150- 29240- 29327

If Bank Nifty Future moves below 28905 then you should Sell with 1st Target of 28820 during the day with a Stop Loss of 29032 FOR the Target of 28820-28740-28605

Conclusions:

Today FED meeting’s outcome will come at night. Tomorrow the Indian share market will open as per the global cues. You can check out the Nifty50 and Bank Nifty share price trading levels above. The market will remain volatile throughout the day because of weekly options expiry. Indian share market may see a pullback tomorrow and traders are advised to trade with strict stop loss.

Also Read, Is a Demat mandatory for Intraday/ Futures and Options Trading?

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Finogyan Team

Indian Stock Market Trading View for Next Week

2019-07-28T15:03:00.000+05:30

Indian stock market trading view

Indian stock market ended in green on last Friday, both Sensex and Nifty corrected 1.20% last week. Our last week’s trading view on Nifty and Bank Nifty future was correctly analyzed and achieved the weekly technical predictions.

In the July series, Nifty and Bank Nifty had corrected more than 5% and 7% respectively. The Indian stock market turned negative after the Union Budget on 5th July mainly for imposing the “super-rich tax” on FPIs.

How Indian stock market performed last week

On a weekly basis, the Nifty Midcap and Smallcap 100 index fell 1.61% and 3.30% respectively. On a sector-wise report, except IT, Consumer Non-durable and Food and beverages all other sectors ended in red last week.

Last week Yes Bank was the major gainer in the Nifty 50 stock, the stock gained more than 15% during the week. Other top gainers in the Nifty 50 stocks are Zee, Asian Paints, Sun Pharma, and Bharti Infra. UPL was the major loser last week in the Nifty 50 stocks followed by HDFC, Adani Port, Coal Inda, and Tata Motors.

Foreign Institutional Investors (FII’s) were the net seller sold around Rs12723 crore both in cash and F&O segment in the last week. Domestic Institutional Investors (DIIs) were the net buyer bought around Rs 8910 crore in the cash segment and Rs 1548 in F&O segment.

Last week Brent Crude oil future price has increased around $1 per barrel whereas Indian rupee against US dollar remained almost flat. The US and Europe markets closed in a positive note last Friday. Apart from the Indian stock market, all other Asian markets closed in red on the last day of the week.

Trading view on last week’s Q1 Results Company

On our Friday’s report, we have already analyzed the Q1 results of last week’s Nifty 50 companies except for ICICI Bank. On Saturday the second-largest Pvt Sector Bank ICICI has reported its Q1 result.

The Bank has reported a profit of Rs 1908 crore in June quarter. It was against a loss of Rs 119.55 crore in the same quarter a year ago. The ICIC Bank’s profit in the previous quarter was reported to Rs 969.06 crore.

The Bank has reported 27% grew in Net Interest Income (NII) YoY to Rs 7737.43 crore for the June quarter. Healthy growth in loan of about 15% YoY is seen in Q1 result. ICICI Bank has reported improved asset quality, gross NPA as a percentage of gross advance declined 232 bps to 6.49%, and the net NPA ratio stood at 1.77%, down 242 bps from the same period last year.

On Friday the share price of ICICI Bank was closed at Rs 415.75 almost 1.65% higher than the previous day. On Monday the Indian stock market will react to ICICI Bank and JSW Steel Q1 result. Our trading view on ICICI Bank is positive whereas JSW Steel is negative for the next week.

Next weeks event’s impact on the Indian stock market

Next week there are no big events in the Indian stock market. Release of a few economic data like Infracture output data, Foreign exchange data, loan growth data, deposit growths is scheduled.

On the global front, FED meeting is scheduled on 30th and 31st of this month. A rate cut which is expected can become a big positive for the Indian stock market too.

Next week Q1 result of Nifty 50 companies are Dr. Reddy, Tech Mahindra, Axis Bank Hero Motorcorp, Eicher Motor, IOC, UPL, Bharti Airtel, Power Grid, and SBI.

Nifty and Bank Nifty future trading view for next week

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11450 whereas All Down Moves Initiates Short Covering (Buy) @ 11220

If Nifty Future Moves Above 11345 then you should Buy with 1st Target of 11376 during the day or any point during the week by Trailing the Stop Loss from 11315- 11369- 11392- 11415 FOR the Target of 11376- 11405- 11450

If Nifty Future Moves Below 11315 then you should Sell with 1st Target of 11290 during the day or any point during the week by Trailing the Stop Loss from 11345- 11303- 11276 -11245 FOR the Target of 11290- 11266- 11220

Primary Trend of Bank Nifty Future: Volatile (Bias Sideways)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 29750, whereas All Down Moves Initiates Short Covering (Buy) @ 29250

If Bank Nifty Future Moves Above 29512 then you should Buy with 1st Target of 29620 during the day or any point during the week by Trailing the Stop Loss from 29390- 29550- 29640- 29705 FOR the Target of 29620- 29692- 29760

If Bank Nifty Future Moves Below 29390 then you should Sell with 1st Target of 29312 during the day or any point during the week by Trailing the Stop Loss from 29420- 29320- 29276 - 29180 FOR the Target of 29312- 29245- 29122

Conclusion:

We have analyzed the last week’s Indian stock market events and trading view on Nifty and Bank Nifty for next week. There are no major events scheduled for the domestic market next week. In the global front, FED meeting output can dominate the Indian stock market in the second half of the week.

Traders are advised to follow the global market and trade accordingly with strict stop loss. On Monday the Indian stock market will open as per global cues.

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Indian stock market today| Nifty and Bank Nifty Share Price

2019-07-26T22:24:00.001+05:30

Indian stock market today

The Indian stock market closed on a positive note today. Nifty and Sensex gained 32.10 and 51.81 points respectively whereas Bank Nifty share price jumps 282.30 points almost 1% up today.

The Indian stock market opened marginally lower in the morning today, as per the global market indication. In the morning the Asian Markets were trading negative, Sgx Nifty was down 29 points on the pre-opening session.

Top Nifty- gainers and losers of the day

At close, the Nifty Midcap 100 index gained 0.62% whereas Nifty small-cap 100 fell 0.05% almost flat. The top NIfty mid-cap gainers are Graphite, IDFC First and HEG, these stocks gained 8% to 9% today. In the Nifty small-cap 100 the top losers are Bajaj Electric, Cox & Kings and BSE Ltd all these stocks plunge 5% to 8% today.

The top gainers in Nifty50 stocks are Yes Bank, Bajaj Finserv., Bajaj Finance, Eicher Motor, and Hero Motocorp. The top Nifty 50 stocks in losing side are Vedanta, IOCL, RIL, Tech Mahindra and ONGC.

Today, Yes Bank share price gained more than 9% and Cox and Kings share price fell 5%. The movement in share price is because of the news of Yes Bank acquiring a 19% stake in Cox & Kings on the invocation of pledge.

On the Sectoral front, Auto and PSU Bank Index gained the most, 2% and 1% respectively. Except for Energy and IT, almost all the sectors managed to close in the green today.

Factors that influenced the Indian stock market today

Today the Indian stock market reacted to yesterday’s Weather department’s forecast on monsoon. On 25th July Indian Meteorological Department (IMD) officially announced that India is likely to get above-average rainfall in the next two weeks.

Today the Market has also reacted to the results announced yesterday in the aftermarket hours i.e Tata Motor and Bank of Baroda. Tata Motors Q1 result has disappointed the market. It has reported the double loss to Rs 3679.66 crore in the June end quarter against a loss of Rs 1862.57 crore last year. One should avoid Tata Motor as of now.

Another stock that reported its Q1 results yesterday was Bank of Baroda. The Public sector bank has reported a net profit Rs 710 crore post amalgamation against loss of Rs 49 crore in the same quarter last year.

The Bank of Baroda share price closed at Rs 112.55 per share on Friday, 3% up from the previous close. Though the asset quality slightly disappointed, but overall performance is a decent one. Due to the Bank of Baroda Q1 result, the PSU Banking index was trading positively in the morning.

Another PSU bank stock, PNB has announced its Q1 results today during the market. The Bank posted a net profit of Rs 1018.6 crore against loss of Rs940 crore in a year-ago period. There is a marginally increased in net NPA at 7.17% against 6.56%, while gross NPA at 16.49% against 15.50% QoQ.

Earlier in the morning, there was news that the PNB Bank got approval to raise a capital worth Rs 5000 crore. The positive news of both the banks BOB and PNB has given a boost of PSU banking space and the index closed more than 1% higher.

Today during the market a Nifty 50 stock Maruti Suzuki has announced its Q1 results. The company reported a 27.3% YoY drop in net profit at Rs 1435.50 crore for the June end quarter. The company posted a weak sales volume and higher depreciation expenses for the June quarter.

The other income increased to Rs 836.4 crore in Q1 against Rs271.8 crore in a year-ago period. Though there is a drop in net profit still meets the street estimate. The share price of Maruti Suzuki has almost gained 1% at the end of the day.

Q1 Result that will impact the Indian stock market on Monday

The Nifty 50 stock JSW Steel has posted its Q1 results after the market hours on Friday. The company reported a 56.55% YoY fall in consolidated profit at Rs 1028 crore for the quarter ended June. The company’s last year's profit for the same quarter was Rs 2366 crore.

The Consolidated total revenue of the company dipped to 3.45% YoY to Rs 19812 crore over Rs 20519 crore in the same period a year ago. The share price of JSW Steel closed at Rs 249.70, 0.42% up from the previous close.

In the heavyweight space, ICICI Bank will announce its Q1 results tomorrow, Saturday. The market will react to both the result on Monday.

Conclusions:

Indian stock market started on a positive note on the first day of the Aug series in the derivative segment. The market will react to the Q1 result of both JSW Steel and ICICI Bank on Monday. The detailed analysis of the Indian stock market and technical levels of Nifty and Bank Nifty share price will be available on Sunday i.e 28th July.

You may like to read our last weekly report Market Update: Nifty 50 and Bank Nifty Share 22nd-26th July

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Finogyan Team

Nifty and Bank Nifty Future Trading Strategy for Tomorrow 25th July

2019-07-24T21:33:00.001+05:30

Nifty50 and Bank Nifty Future

The monthly derivative expiry for Nifty and Bank Nifty future is scheduled tomorrow. Before coming to the trading strategy let us first understand the market so far. Today, Wednesday morning most of the Asian markets were trading in positive bias, as expected Indian share market also opened in a flat and positive note.

The market has reacted negatively to the news of the International Monetary Fund (IMF) for lowering India’s FY20 growth forecast. IMF has cut India's growth by 0.3% to 7% for 2019 and to 7.2% for 2020 because of slow economic growth and weaker than expected outlook for domestic demand. But India will still be the fastest-growing major economy in the world and ahead of China as per IMF

Market update: Nifty 50 stocks and Bank Nifty future

In the end, the market failed to hold its early gains and closed in red today for the fifth consecutive day. Nifty was down 60 points at 11,271 whereas Sensex was down 135 points at 37847.65. Nifty Midcap and Smallcap 100 Index also declined by 1.48% and 1.45% respectively.

Bank nifty future was highly volatile today, it has given a movement of 364 points. PSU Banking space was the major loser in Bank Nifty today. In July series, Bank Nifty Future has declined almost 4% so far and tomorrow on the expiry day we can expect short covering.

On a sectoral basis, Metal, Auto, Energy, Pharma and IT are top losers today. Media, Chemical and consumer nondurables sectors were ended in the green today. The top Nifty 50 gainers are Zee Ent, Asian Paints, HDFC, HUL and HCL tech. The top Nifty 50 losers are Adani Ports, Indiabulls Housing, UPL, Eicher Motors, and Indusind Bank

Next Trigger for Nifty and Bank Nifty Future

Indian share market reacted negatively since after the Budget in July series. FII’s are the net seller and DIIs are the net buyers in this series. Market analysts are giving more downside targets. Nifty Midcaps and Small Caps are bleeding. In such a scenario, Investors get confused about what to do in the market.

Indian Market is seriously looking for a positive trigger. FED meeting, RBI monetary policy, Q1 results and July monsoon update can be the next trigger for the market. Let’s hope we can see a bounce back soon in the Nifty and Bank Nifty future in the Aug series.

Q1 Results for Nifty 50 stocks

On Tuesday, a Nifty 50 Engineering and Capital good stock Larsen and Toubro (L&T) has announced its Q1 results, the company reported PAT rose by 21% to Rs 1361 crore in the June quarter compared with Rs1129 crore in the same quarter last year. The EBITDA margin fell to 6.40% from 6.80% on a yearly basis. Consolidated gross revenue rose 10% to Rs 29636 crore.

The company said it has won new orders worth of Rs 38,700 crore at the group level during the June end quarter. The L&T share price reacted negatively and fell 1.57% today on NSE and closed at 1387.35. It may further fall but one can accumulate the stock on the decline for the long term perspective.

Another Nifty 50 stock that reported Q1 result after the market on Tuesday was Hindustan Unilever (HUL). The company reported a profit growth of 15% on YoY. The consolidated profit for the June quarter was Rs1792 compared to the profit of Rs 1565 crore posted in the same quarter last year.

The total consolidated increased 6% to Rs10509 crore during the June quarter against Rs9,909 crore in the same period last year. The EBITDA of the company came at Rs 2647 crore 18% up on a yearly basis.

The share price of HUL reacted positively today in the market. The HUL share closed at Rs 1728.65 per share up more than 2% today.

Today, during the market a Nifty 50 stock Asian Paints announced its Q1 results. The company reported an 18% increase in consolidated net profit at Rs 672 crore for the June end quarter. Last year in the same quarter the company’s net profit was Rs570.02 crore.

The total income for the June end quarter stood at Rs 5204.19 crore, up 17% as against Rs 4460.25 crore in the same quarter previous year. The share price of Asian Paints closed Rs 1483.40 per share up almost 3.78% from the previous close.

Tomorrow’s Q1 results in Nifty 50 stocks are Bajaj Finance, Bajaj Finserv, Tata Motor

Nifty and Bank Nifty Future Trading Strategy for tomorrow

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Nifty Future Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 11384, whereas all Down moves Initiate Short Covering (Buy) @ 11188

If Nifty Future moves above 11295 then you should Buy with 1st Target of 11320 during the day with a Stop Loss of 11255 FOR the Target of 11320- 11348- 11384

If Nifty Future moves below 11255 then you should Sell with 1st Target of 11220 during the day with a Stop Loss of 11295 FOR the Target of 11220- 11188- 11130

Primary Trend of Bank Nifty Future: Volatile (Bias Sideways )

Bank Nifty Future Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 29201, whereas all Down moves Initiate Short Covering (Buy) @ 28838

If Bank Nifty Future moves above 29064 then you should Buy with 1st Target of 29132 during the day with a Stop Loss of 28940 FOR the Target of 29132- 29201- 29318

If Bank Nifty Future moves below 28940 then you should Sell with 1st Target of 28838 during the day with a Stop Loss of 29064 FOR the Target of 28838-28769-28705

Conclusions:

Nifty and Bank Nifty future trading strategy given above are only for expiry day one should trade with strict stop loss. The market is expected to be volatile tomorrow. Indian share market will open as per global cues. If global market supports then both Nifty and Bank Nifty future can close in positive at the end of the day tomorrow.

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Please share your opinion and views about the article. If you like the article please share with others

Happy Investing!

Finogyan Team

Market Update: Nifty 50 and Bank Nifty Share 22nd-26th July

2019-07-21T14:52:00.003+05:30

Market Update Nifty 50 chart

Market Update: Nifty50 index after touching all-time high on 3rd June corrected almost 700 points in less than two months. Bank Nifty share also corrected almost 2000 points after touching an all-time high on 31st May.

Weekly market update: Nifty 50 and Bank Nifty shares price

On a weekly basis, Nifty 50 and Bank Nifty share price fell 133.25 and 811.10 points respectively.

Nifty Midcap and Smallcap index also declined 753 and 233 points which are 4.6% and 4% down respectively in the last week.

On a weekly basis, the top five Nifty 50 shares are Infosys, Sun Pharma, Wipro, UPL, and HDFC. Infosys and Wipro gained after the announcement of their Q1 result. The top Nifty 50 losers are Yes Bank, M&M, Hero Motorcorp, Eicher Motor, and Gail. Yes Bank fell almost 12% after the poor Q1 result.

On the sectoral front, almost all sectors ended in red except few like IT and Consumer Nondurable. Brent crude oil fell around 6.5% in the last week whereas Indian rupee remained almost flat in last week.

Why Nifty 50 and Bank Nifty share price dragged down

Indian share market corrected heavily after the Budget, Bank Nifty share price corrected more than 1700 points in 10 trading sessions after the Budget. Similarly, Nifty 50 also corrected 400 points after the Budget. FIIs are the net seller in the market and if we analyze FIIs data, most of their heavy selling has come after the budget.

We can conclude that the main reason for the market fall is the Budget’s FPI’s “super-rich tax”.The other factors weak monsoon, slow down of the domestic economy, no positive outcome of Trade War. The only relief for the market is Crude Oil prices and Indian rupees both are stable at this moment which is positive for the market.

The impact of the FPI issue is a big negative for the market for the time being. As per the sources, FPI’s may not withdraw their current investment but will hold their further investment in India. They will definitely become conservative for their new investment and fresh investment would only depend on corporate earning and the Indian economy.

Nifty 50 shares Q1 Result in the last week

Last week Yes Bak and Wipro announced Q1 result during the market. Yes Bank result disappointed the market and its share price fell almost 12% during the week whereas Wipro's result meets the Street estimate.

RIL and HDFC Bank announced their Q1 result on last Friday and Saturday respectively after the market. Both the company’s result beats street estimate and on Monday the market will definitely react positively on RIL and HDFC Bank stock.

Next week all major Nifty 50 companies will announce their Q1 result. The big corporates are Kotak Mahindra Bank, HUL, LT, Asian Paints, Bajaj Finserv, Bajaj Finance, Tata Motor, JSW Steel, Bajaj Auto, Maruti, VEDL and ICICI Bank. There are more than 200 plus mid and smallcap companies listed in NSE are going to announce their Q1 results in the coming week.

Next weeks event for the market

Next week there is a monthly derivatives expiry on Thursday market will be volatile. There are 12 Nifty 50 corporates going to announce their Q1 corporate results. Apart from the expiry and corporate earning next week investor should also keep an eye on the global front especially the development of US-China Trade War.

Nifty and Bank Nifty future share price target for next week

Primary Trend of Nifty 50 Future: Volatile (Bias Down)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11584 whereas All Down Moves Initiates Short Covering (Buy) @ 11280

If Nifty Future Moves Above 11493 then you should Buy with 1st Target of 11538 during the day or any point during the week by Trailing the Stop Loss from 11450- 11520- 11550- 11625 FOR the Target of 11538- 11584- 11650

If Nifty Future Moves Below 11415 then you should Sell with 1st Target of 11346 during the day or any point during the week by Trailing the Stop Loss from 11460- 11385- 11345 -11250 FOR the Target of 11346- 11280- 11210

Primary Trend of Bank Nifty Future: Volatile (Bias Down)

Range-Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 30185, whereas All Down Moves Initiates Short Covering (Buy) @ 29220

If Bank Nifty Future Moves Above 30032 then you should Buy with 1st Target of 30185 during the day or any point during the week by Trailing the Stop Loss from 29780- 30120- 30240- 30425- 30505 FOR the Target of 30185- 30336- 30580

If Bank Nifty Future Moves Below 29780 then you should Sell with 1st Target of 29538 during the day or any point during the week by Trailing the Stop Loss from 30032- 29620- 29420- 29340 FOR the Target of 29538- 29380- 29220

Conclusion:

Indian share market update and Nifty 50 and Bank Nifty Share price mentioned above has given you a clear picture of the market last week. In the July series, so far the Nifty 50 index has corrected around 500 points we may see short-covering ahead of expiry.

As Q1 result of RIL and HDFC Bank meets the Street estimate we can see a positive opening on Monday provided the global market support the domestic market. The overall market would remain volatile during the week and traders should trade with strict stop loss.

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Market update: Nifty, Bank Nifty and Sensex today

2019-07-19T21:52:00.000+05:30

Market Update Nifty and Sensex Today

Indian stock market update: Domestic cues dragged down the Nifty and Sensex today. The positive global cues could not hold the falling Indian market. As expected Indian benchmark indices started on a positive note today but started falling immediately after the market opened.

Nifty, Bank Nifty and Sensex today

In the end today Nifty and Sensex fell 177.60 and 56.45 points respectively and closed at 11419.30 and 38337.01. Bank Nifty touched days low 29726 the first time in two months on an intraday basis. Bank Nifty share price declined 660.30 points today and closed 29770.

Almost all the sectors ended in red today, Auto and Banking sectors were down 2 to 3 percent during the day. Nifty Midcap and Smallcap index declined 2.15% and 1.78% percent today.

The top five gainers in the Nifty 50 stocks are NTPC, Titan, Coal India, TCS, and BPCL. The top five losers in the Nifty 50 stocks are M&M, Bajaj Fin, Eicher Motor, Hero Motocorp, and Tata Motor. M&M share price has plunged more than 4% percent today.

Market update on Q1 earnings

RBL Bank Q1 net profit increased by 41% to Rs 267 crore, Net Interest Income (NII) has increased by 47.88% compared to the corresponding period last year. Company provision has also increased to 51.89% during the quarter.

Today RBL Bank share price was down 13.69 percent in the Nifty Midcap 100 index. The results were as per the street estimate. The stock was down due to the concern on some of their exposures in the near term.

Dabur has announced a stable Q1 result today. The FMCG company Dabur India has reported a 10.3% jump in consolidated net profit for the June quarter. The share price of Dabur was down around 2% in NSE and quoting at Rs 420.20 per share.

Bandhan Bank also announced its Q1 results today and it beats the street estimate. The Bank Q1 profit jumps 46% YoY in June quarter to Rs 701.1 crore even after higher provisions. The bank’s Net Interest Income (NII) and asset quality also improved. The share price of Bandhan Bank closed at 527.35 almost 0.27% down.

Reliance Industries Ltd (RIL) the larget market cap company has announced the Q1 result on Friday after the market. The company reported a net profit of Rs 10,104 crore for the quarter ended June. Net profit grew by 6.8 % on YoY but fell 2.4% on a QoQ basis.

The consolidated revenue of the company grew by more than 22% and consolidated profit was 6.8% on a YoY basis. Reliance Jio's profit at Rs 891 increased by 6.1% on a sequential basis. A sharp increase in the digital and retail business is seen in the last quarter.

The Q1 result of RIL beats the street estimate, the share price of Reliance down almost 1% today closed at Rs 1249 per share.

Reasons for Nifty and Sensex today’s fall

Today morning Asian markets were positive, Sgx Nifty price was showing a positive indication for the Indian share market. As expected Indian share market also opened in green but immediately after a few minutes market fell. In the second half, it was like a free fall. Today’s market fall is due to two reasons they are

1.The Government's stance on the “super-rich” tax on FPI, which finance minister Nirmala Sitharaman yesterday said would not be changed

2. The second reason for market fall is due to the announcement of “weak Q1 earnings”

In the Q1 result front apart from Infosys and IndusInd Bank, there was hardly any other stock that created an impact in the market. Yes Bank, Federal Bank, Mindtree, Wipro, DCB Bank, RBL Bank has disappointed the Street.

The domestic cues are worrisome for the Indian share market in the short term. Other than the above two factors weak monsoon, selling pressure by FIIs are two more reasons that dragged down the Indian share market.

There are around 2000 active FPIs in India share market. We may see some more selling pressure in the next week. To know the Weekly analysis, Nifty and Bank Nifty you can visit our website on coming Sunday 21st July.

You can also read our last Weekly Analysis Report here

Conclusions

Today's market update signals that Nifty, Bank Nifty and Sensex may come down further. HDFC Bank would announce the Q1 result on Saturday 20th July. The market may reverse and can see short-covering if HDFC Bank reports good and expected to result as per the analyst. RIL and HDFC Bank both can make the market positive on Monday.

Also, Read Types of Risk Associated with Stock Market Investments

How to protect your Portfolio and Make Money from the Stock Market Crash

Please share your opinion and views about the post.

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Market Update: Share Price of Nifty and Bank Nifty

2019-07-17T21:13:00.003+05:30

The Share Price of Nifty & Bank Nifty Target

The share price of Nifty and Bank Nifty ended in the green today. The market opened in red today morning after getting the negative cues from Asian Market. At close Nifty and Sensex gained around 0.20% and closed at 11687.50 and 39215.64 respectively. Bank Nifty gained 0.54% and closed 30735.50.

It was a range-bound market today, the share price of Nifty futures traded in a narrow range of 50.30 points today. Nifty Midcaps and Smallcap indexes have underperformed today. Nifty Midcap and smallcap indices declined 56.55 and 13.35 points and closed at 17080.10 and 6025.30 respectively today.

Movement of Nifty stocks

The top five gainers in Nifty 50 stocks for the day are Indiabulls Housing, UPL, SBI, Kotak Mahendra Bank and Tech Mahindra. Top five losers in Nifty 50 stocks for the day are Yes Bank, Eicher Motors, Gail, ONGC, and NTPC. Yes Bank fell almost 9% from day’s high ahead of its Q1 Earnings.

The top gainer in Nifty Midcap 100 was DHFL gained around 11% today whereas Edelweiss Finance fell the most 7.52% today. Shares of Edelweiss fell today after the report flashed that the company is planning to offload some stake in its wealth business.

Today, the sector like Auto, Oil & Gas, Manufacturing & Capital goods were closed in negative whereas IT, Banking, Consumer nondurable, chemical closed in a positive note. FIIs are still net seller and DIIs are net buyers so far in July series.

Q1 Earnings of Nifty 50 stocks and its share price

Yes Bank posted its 1st quarter earnings today after market hours. The Bank has reported a net profit of Rs 113.76 crore for the June quarter compared to Rs 1,260.36 crore in the year-ago period. Yes Bank profit has declined almost 91% YoY and so the Yes Bank share price which fell more than 75% in one year.

Net Interest Income of Yes Bank (NII) during the quarter grew 2.8 percent YoY to Rs 2,281 crore with a muted loan growth of 10.1 percent. Though Yes Bank result is not as per the street estimates we need to wait for the commentary from the MD & CEO for more clarification. The share price of Yes Bank closed at Rs 98.45 per share which 5.25% down from the previous close.

Yes Bank reported gross slippages at Rs 6232 crore during June quarter. Net slippages were entirely from the accounts mentioned in Q4FY19. Bank has recovered to Rs 1678 crore during the June end quarter.

Wipro has announced its Q1 earnings today after the market. The company reported a 12.85 YoY rise in profit at Rs 2,387.60 crore compared with Rs 2,120.80 crore in the same quarter last year.

Wipro reported a growth in its BFSI sectors, contribution from the banking, financial services, and insurance business to IT services is 32%. The share price of Wipro fell 0.15% and closed at Rs 259.60 per share.

The share price of both the Nifty 50 stocks Yes Bank and Wipro closed in red today. Tomorrow investors should remain cautious in Yes Bank, the stock may open gap down and later some recovery can be seen.

Nifty and Bank Nifty share price target for tomorrow

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Nifty Future Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 11747, whereas all Down moves Initiate Short Covering (Buy) @ 11621

If Nifty Future moves above 11687 then you should Buy with 1st Target of 11712 during the day with a Stop Loss of 11671 FOR the Target of 11712- 11747- 11772

If Nifty Future moves below 11671 then you should Sell with 1st Target of 11649 during the day with a Stop Loss of 11687 FOR the Target of 11649- 11621- 11596

Primary Trend of Bank Nifty Future: Volatile (Bias Sideways )

Bank Nifty Future Range-Bound Trend: All up moves Initiates Profit Booking (Sale) @ 30930, whereas all Down moves Initiate Short Covering (Buy) @ 30605

If Bank Nifty Future moves above 30770 then you should Buy with 1st Target of 30844 during the day with a Stop Loss of 30690 FOR the Target of 30844- 30888- 30930

If Bank Nifty Future moves below 30690 then you should Sell with 1st Target of 30646 during the day with a Stop Loss of 30770 FOR the Target of 30646- 30605-30538

Conclusions:

Nifty and Bank Nifty share price targets are mentioned above for tomorrow’s trading session. The Indian share market is expected to open as per global cues tomorrow. Both the indices would remain volatile during the day due to the weekly options expiry. Traders are advised to put stop loss for every trade.

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Indian Stock Market: Nifty and Bank Nifty share price target for next week

2019-07-13T17:28:00.000+05:30

Indian stock market could not hold its early gain on Friday. In the morning the Asian market Index was trading at mixed, Sgx Nifty Index was trading around 9 points down. The benchmark indices Nifty and Sensex opened flat to positive and touched days high around 12 pm but profit booking was seen in the post-lunch session. Nifty and Sensex dragged 35.20 and 86.88 points respectively at the end whereas Bank nifty fell 129.10 points and closed at 30587.40.

Bank Nifty share price on Friday:

Bank Nifty share price opened at 30789.75 on last Friday,73.20 points higher and closed at 30716.55. During the day the Bank Nifty was volatile and has shown a movement of 323 points. Almost all Pvt Banks were losers on Friday, IndusInd, Axis, HDFC, Kotak are the losers whereas Yes Bank, Federal Bank, PNB, RBL, ICICI, and SBI are the gainers in Bank Nifty today.

Indian Stock Market Last week

As discussed on our last report that the budget would decide the direction of the Indian Stock Market, exactly we have witnessed the same. On a Weekly basis, both Nifty and Sensex dragged 258.65 and 777.16 points respectively. Bank nifty share price also fell from 31475.80 to 30601.45 which is 874.35 points in last week. Nifty Midcap and Smallcap 100 indices also fell 383 and 124 points respectively during the week. On a Sectoral basis, Auto, Cement, Metal, Pharma and Telecom indices ended in red while some buying was seen in Oil & Gas, Consumer nondurable and Pvt Banking space in last week.

In Nifty 50 indices, the top five gainers are Vedanta, Sun Pharma, Yes Bank, Adani Port, and Hero Motorco. The top five losers in Nifty 50 indices are Titan, Bajaj Fin, Indiabulls Housing Bajaj Fin, and ONGC. The top gainer in Nifty Midcap 100 space is Quess Corp, the stock gained almost 9% whereas Mindtree dragged around 15% during the week.

The crude oil benchmark indices Brent crude increased $2.49/barrel and Indian Rupee is closed almost flat last week. FIIs are the net seller so far in July sold almost Rs 3442.14 crore whereas DIIs are the net buyer in the last week bought Rs 4071.19 crore.

Influence of macro data on Indian stock market

As scheduled, Friday after market hours CPI and IIP data were released. The June CPI is increased marginally to 3.18% vs May 3.05% month on month. The Consumer Price Index (CPI) released by the Central Statistics Office (CSO) shows that food inflation has increased from 1.83 percent to 2.17 percent in June 2019. India’s Industrial Production ( IIP) data eases 3.1% in May from 4.3% MoM. The ease in IIP numbers is due to the slow growth of Primary goods and Capital goods in the month of April. We can see the influence of macro data on the Indian stock market on Monday.

Q1 Earnings of Nifty 50 stocks last week

Tata Consultancy Services on Wednesday posted its 1st Quarterly earnings. The Company reported a profit of Rs 8,131 crore for the June quarter, flat sequentially when compared with the March quarter’s profit of Rs 8126 crore. However, YoY it grew 10.78%. The operating margin stood at 24.2%, while net margin was 21.3%.TCS had posted an operating margin of 25.1% in FY19.

Last Friday, Bank Nifty share price was seen some correction after the announcement of IndusInd result around 2.30pm. The share price of IndusInd bank fell more than 2% today and closed at Rs1509.50 per share on Friday. The Net Profit of IndusInd Bank in Q1 of 2019-20 jumps 38% to 1433 crore. The Net Interest Income (NII) of IndusInd Bank rose to 2844 crore with loan growth at 28 percent.

The net NPA also increased to 1.23% in Q1FY19-20 against 1.2 percent reported in the fourth quarter of FY18-19. A rise in NPAs is due to higher provisioning and contingencies. The asset quality is the only concern due to which the share price has declined today.

Infosys also announced its Q1FY19-20 result after market hours on Friday. For the 1st Quarter net profit was Rs 3802 crore while revenue increased to Rs 21803 crore. A growth of 14% YoY and 1.2% QoQ are seen in Infosys. Infosys also reported highest ever large deal wins with a total contract value of at $2.7 billion. Overall numbers are largely in line with analyst estimates, investors can see the resulting effect on Monday.

Next week’s event in Indian stock market-

Next week Wholesale Price Index (WPI) data will be released on 15th June, on Monday during market hours. Foreign exchange reserve data will be announced next Friday on 19th July. The Nifty 50 stocks that are going to announce their Q1 earnings in the next week are Yes Bank, Wipro, Reliance and HDCF Bank.

Nifty and Bank Nifty future share price target for next week

Nifty Chart 15th July to 19th July

Nifty Future Weekly Outlook - OHLC-(11769.90/11770.00/11467.55/11544.35)

Primary Trend: Volatile (Bias Down) – Expected Volatility 13.8112% (Range of 221 Points)

Range Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 11640 whereas All Down Moves Initiates Short Covering (Buy) @ 11453

If Nifty Future Moves Above 11585 then you should Buy with 1st Target of 11698 during the day or any point during the week by Trailing the Stop Loss from 11450- 11520- 11550- 11625- 11705- 11740 FOR the Target of 11755- 11815- 11885

If Nifty Future Moves Below 11510 then you should Sell with 1st Target of 11395 during the day or any point during the week by Trailing the Stop Loss from 11650- 11575- 11530- 11460- 11385- 11345 FOR the Target of 11340- 11280- 11210

Bank Nifty Chart 15th July to 19th July

Bank Nifty Future Weekly Outlook - OHLC-(31300.00/31373.00/30412.00/30600.50)

Primary Trend: Volatile (Bias Down) - Expected Volatility 14.5594% (Range of 617 Points)

Range Bound Trend: All up Moves Initiates Profit Booking (Sale) @ 30915, whereas All Down Moves Initiates Short Covering (Buy) @ 30320

If Bank Nifty Future Moves Above 30730 then you should Buy with 1st Target of 31095 during the day or any point during the week by Trailing the Stop Loss from 30300- 30525- 30575- 30900- 31125- 31275 FOR the Target of 31280- 31465- 31690

If Bank Nifty Future Moves Below 30500 then you should Sell with 1st Target of 30135 during the day or any point during the week by Trailing the Stop Loss from 30950- 30700- 30575- 30350- 30100- 29975 FOR the Target of 29955- 29770- 29540

Conclusions:

Nifty and Bank Nifty chart is indicating a volatile (bias down) in next week. Infosys result which was announced after the market on last Friday is in line with analyst estimate, the market will react on the result. Indian stock market will also react to marginally higher CPI and eased IIP numbers. The retail inflation rate is RBI’s comfort zone.

If WPI number which would be released on Monday is also under control then the market may expect another rate cut in next RBI monetary policy. In such scenario, we can see some positive movement in Bank Nifty share price particularly in PSU Banks. Traders are advised to be cautious on Monday around 12 pm at the time of WPI numbers announcement.

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Finogyan Team

Indian Stock Market: Nifty and Bank Nifty trend for tomorrow

2019-07-10T17:55:00.003+05:30

Indian Stock Market: Nifty and Banknifty trend for tomorrow

Indian stock market ended in red today consecutively for the fourth straight trading session. Nifty and Sensex down 57 and 173.78 points respectively and Banknifty fell 47.05 points at the end of the day. Nifty could not hold 11,500 psychological level and closed below the level. Nifty Midcap and Smallcap 100 also fell 1.02% and 0.67 % during the day.

Indian stock market today

Today, almost all sectoral Index closed in the red. Heavy selling pressure was seen on Auto, Metal, Realty and PSU Banking space after the Budget. Since the budget, Nifty almost corrected 450 points in 4 trading session. In individual shares, the shares of SpiceJet jumped 9 percent today on intraday to Rs 128 with heavy volume. TCS declared its 1st quarter results yesterday, it missed the street estimate and the share closed at 1.12% down at the end.

The top five Nifty50 gainers of the day are Yes Bank, Coal India, Sun Pharma, Kotak Mahindra Bank, and ICICI Bank. The top five Nifty 50 loser of the day are Bajaj Fin, Indiabulls Housing, BPCL, Tata Steel and JSW Steel. In Nifty Midcap 100, space Dish TV is the top loser, tanked more than 6 percent whereas Edelweiss Finance gained 5.65 percent during the day.

There is a sharp rise in crude oil price today, Brent crude is trading above $65 per barrel price is above 2 % today. Indian rupee got marginally depreciated due to raise crude oil price.

So far FIIs are net sellers and DIIs are net buyers during the month of July. Tomorrow is Nifty and Banknifty weekly options expiry, the market may see some short covering in Nifty and Bank nifty future Index

Nifty and Banknifty trend tomorrow

Primary Trend of Nifty Future: Volatile (Bias Sideways)

Nifty Future Range Bound Trend: All up moves Initiates Profit Booking (Sale) @ 11604, whereas all Down moves Initiate Short Covering (Buy) @ 11442

If Nifty Future moves above 11520 then you should Buy with 1st Target of 11544 during the day with a Stop Loss of 11478 FOR the Target of 11544- 11568- 11604

If Nifty Future moves below 11478 then you should Sell with 1st Target of 11442 during the day with a Stop Loss of 11520 FOR the Target of 11442- 11418- 11390

Primary Trend of Banknifty Future: Volatile (Bias Sideways )

Banknifty Future Range Bound Trend: All up moves Initiates Profit Booking (Sale) @ 30740, whereas all Down moves Initiate Short Covering (Buy) @ 30350

If Banknifty Future moves above 30575 then you should Buy with 1st Target of 30657 during the day with a Stop Loss of 30472 FOR the Target of 30657- 30740- 30848

If Banknifty Future moves below 30472 then you should Sell with 1st Target of 30350 during the day with a Stop Loss of 30575 FOR the Target of 30350-30275-30190

Conclusions:

Nifty and Banknifty trends on weekly options expiry day mentioned above is a volatile to sideways market. As the Indian Stock Market is down for a straight four trading session, we may see short covering tomorrow. Traders are advised to put strict stop loss tomorrow and remain cautious. The market would open as per global market cues in the morning.

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Finogyan Team

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Weekly Market Updates | Stocks in News in Indian Market

Stocks, Index in news in Indian markets last week

Reasons for strong positive market last week

Stocks in News in Indian Market

Last weeks Q2 Report

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The nifty share price target in futures for 22nd Oct 2019

Conclusions:

Market Next Week | Nifty, Bank Nifty Share Price Target (14-18th Oct)

Nifty Bank Nifty Share Price Last Week

Last week's Highlights

Stock in the news last week

Other Market News last week

Quarterly Result of Nifty50 stocks last week

Crude and Rupee Update:

Event for the next week

The nifty, Bank Nifty future share price target for 14th-18th Oct

Primary Trend Nifty Future: Mild up & Volatile

Primary Trend of Bank Nifty Future: Mild up & Volatile

Weekly market updates| Nifty and Bank Nifty target (7th to 11th Oct)

Technical levels of Nifty share price in future for 7th Oct to 11th Oct

Technical levels of Bank Nifty share price in future for 7th Oct to 11th Oct

Primary Trend of Bank Nifty Future: Mild down

Conclusions:

Weekly Market Updates: Nifty| Bank Nifty| Stocks| News

Nifty stocks weekly updates

Stocks are in news

Other weekly market updates

Nifty future Technical views for 30th to 4th Oct

Bank Nifty future technical view for 30th to 4th Oct

Primary Trend of Bank Nifty Future: Mild up

Conclusions:

Indian Stock Market: Nifty, Bank Nifty trends 23rd to 27th Sept

Weekly updates of Indian Stock Market

Nifty and Bank Nifty last Week

Primary Trend Nifty Future: Trend Up (volatile)

Primary Trend of Bank Nifty Future: Trend Up (volatile)

Conclusions:

Nifty and Bank Nifty trend for next week (16th-20th Sept)

Nifty and Bank Nifty updates last week

Nifty and Bank Nifty Trend for next week

Primary Trend of Bank Nifty: Trend Up

Conclusions:

Indian Stock Market:Nifty and Bank Nifty Future 9th to 13th Sept

Indian Stock Market last week

Nifty and Bank Nifty future trading view for next week

Conclusions:

Market update:Know how Nifty, Bank Nifty will react on weak GDP

Nifty and Bank Nifty on Last week:

Reasons for market gained last week

Next week's event for the Indian Market

Nifty and Bank Nifty future trading view for next week

Conclusions:

Indian market next week