Arpit Tamrakar blog

Details view of market in upcoming days (18-03-2024)

2024-03-18T01:40:00.003+05:30

We will look for multi time frame analysis on nifty for upcoming view

Nifty on DAILY timeframe

Forming rising wedge chart and inside bar candle pattern

NIFTY formed a Double Inside Bar on Daily Chart.

Nifty has been moving within a parallel channel for some time now, gradually rising but struggling to maintain levels above ATH.

Rising channel usually breaks to the downside only. Should it break this channel along with the support level of 21850, we could see a down move of 300-400 points.

The next support level is at 21550, which is also the low from the previous month. However, it is important to wait for a clear breakdown before selling, rather than acting on anticipation. If it does not break this level within this week, the Nifty is likely to continue its slow and steady rise within this channel. For a better

understanding, please refer to the chart below

Positional analysis on Nifty

Negative divergence on RSI and MFI
Volatility divergence on Bollinger Bands
MACD is sell signal, raw MACD line sloping down

On lower timeframe data ( 15mins) 22200-22500 seems to be the distribution zone. Smartest selling on 6th March 2024.

20200-20300 levels now strong resistance zone.

Any bullish view only after Nifty can close above 22500 for two consecutive days

On Nifty monthly chain. 22000-22300 strikes saw OI buildup where calls sold outnumbers puts sold on this strike by a large margin, so strong bearish pressure from this zone.

22000pe now has the highest OI on the PE side on monthly strikes.

What strikes is the liquidation of the 21700pe, that's the unusual action

Nifty ....... 22023

Strong support....... 21332

Weekly chart Gap filling level support .... 20280

Just a view points,do your analysis before making any decisions

THE KEY POINT OF G20 BHARAT

2023-09-11T13:17:00.000+05:30

The G20 Summit is over

India got pretty much everything it wanted

Here's everything India achieved in 5 points

. Consensus on Ukraine This was THE issue that was going define how the world saw India's stewardship of the G20 That's because the grouping was divided on the Ukraine war While Russia and China wanted to avoid discussion on Ukraine, Western nations wanted to condemn Russia

This issue has blocked consensus throughout 's G20 Presidency Had Delhi failed to achieve consensus and release a joint declaration, the G20 summit may have been described as a failure Eventually, a compromise was brokered that significantly toned down criticism of Russia

It was widely accepted (including by me) that India would be unable to forge a consensus on Ukraine We were wrong Delhi managed to get a joint declaration which will go down as THE big takeaway from this summit It will prove beneficial to India's diplomatic reputation

. African Union becomes G20 member The 55-nation AU became a member of the G20 today This was a significant move for India, which has try to project itself as a Voice of the Global South New Delhi can now concretely point to its record of pushing developing country concerns

. Economics Two major things stand out: debt relief and reform of international institutions On debt, poor countries have been struggling since the COVID-19 pandemic with high debt levels Efforts to work together & bail them out (including by the G20) have been slow

India managed to speed up this process by getting consensus to help new countries like Ghana, Zambia and Ethiopia The major story was also reform of institutions like World Bank & IMF Experts have called for them to lend more money for climate change & to help poor nations

At this G20 Summit, countries agreed to consider major recommendations to reform these global institutions This will allow them to spend billions on global priorities over the next decade Besides this, progress on highly complex global tax reforms also took place

. Technology First, countries agreed to consider regulations on cryptocurrencies given the threat they pose to the stability of the financial system Second, India successfully pushed Digital Public Infrastructure (basically Aadhar, UPI) as a means of financial inclusion

This is expected to help India to export its homemade tech solutions across the developing world This further boosts its international reputation as a provider of global solutions

. Climate Change The India-led Global Biofuel Alliance was also launched today The goal: To "take an initiative at a global-level to take ethanol blending in petrol up to 20%" This is part of India's larger clean energy push & will help boost 's image abroad

Nifty levels and view for expiry (7sep)

2023-09-06T23:25:00.001+05:30

Expiry Plan

Last 30 Minutes One sided Rally Created yet Another Hammer on Daily Chart. Looks like there's Competition of Candles on 'who makes the Best Hammer'

i) NIFTY Did Manage to Close Above 19600, But such EOD Rallies need Followup on Next day with Gapup Open, Else There's High Chances this move gets Converted into BULL TRAP.

ii) 19645 & 19735 Immediate Resistance for Nifty & these are strong ones as well. To Breakout with Strength above Such Past levels, Price needs a Pause for a Few Days and Hold at Higher Levels, above 19600 precisely. ELSE, Downside may begin Again below 19500 & this time for 19250 Breakdown.

iii) Tomorrow Open if Flat & Buyer Show any Lack of Strength, NIFTY May Likely go for 19520 & 19490 test for Little Downtrending day. But, Obviously Buyer might keep coming for defense in middle levels, so it might turn into a Whispaw Day of Sorts. Best thing to do is Identify Good Location throughout the Day for All Entries.

Overall Bias : Slight Bearish/Sideways Below 19600.

Bullish above 19645+

Middle Zone for Compression & Premium Decay.

Nifty important support and resistance for tomorrow

THE HISTORY OF INDIAN SENSEX

2023-08-28T21:56:00.002+05:30

Journey of Indian Stock Market*📈📈

*1979* - Sensex = *100*,

*1983* - Indian Cricket Team winning World Cup. Sensex = *212*,

*1984* - *Indira Gandhi* shot dead & Bhopal Gas tragedy. Sensex = *245*,

*1989* - *Hung Parliament* with Congress outside support. Sensex = *714*,

*1991* - *Rajiv Gandhi* assassination. Sensex = *1168*,

*1993* - Blast in Mumbai. Also at BSE buidling. *Riots all over*. Sensex = *2281*

2001- Gujarat *earthquake*. Sensex = *3640*,

2004- UPA coming to power with Left party support. Sensex = *5591*,

*2006* - Sensex conquering = *10000*,

*2007* - Sensex conquering = *20000*,

*2008* - subprime crisis

Crude oil rising upto $ 147.

Sensex below 9000

*2010* - Satyam *scam*, Common wealth scam. Sensex = *17590*,

*2013- Fed taper tantrums

*2014* - *BJP* alone conquering *283 seats* in Lok Sabha and NDA coming to power with 330 seats. Sensex = *25000*.

*04/03/2015* - Sensex = Life Time *High* *30025*..!

2016- Demonitisation

2018- carnage in small caps

2020- Covid. Sensex back at 25900 on 23 march

2022-2023 Russia Ukraine war , 525 bps rate hikes by fed

Sensex at 65000…. 650 times

Downturns are temporary

India story is structural 👍

Be disciplined ..

INTRODUCTION TO TECHNICAL ANALYSIS

2023-03-23T18:49:00.003+05:30

Technical analysis is a popular method of evaluating financial markets that involves analyzing statistical patterns in price and volume data. Traders use technical analysis to make informed decisions about when to buy or sell financial assets. Here are some important points to know about technical analysis:

Technical analysis is based on the idea that the price of an asset reflects all available information about the asset. This includes fundamental factors such as company earnings, as well as market psychology and investor sentiment.
Technical analysts use charts and technical indicators to identify patterns in the price and volume data. These patterns can indicate the direction of the trend and potential entry and exit points for trades.
There are many different types of technical indicators, including moving averages, oscillators, and trendlines. Each indicator provides a different perspective on the market and can be used to confirm or contradict other indicators.
Technical analysis is not foolproof and can be subject to false signals and interpretation errors. Traders should always use technical analysis in conjunction with other forms of analysis, such as fundamental analysis and market news.

Traders using technical analysis might look for additional confirmation signals, such as oversold conditions on an oscillator indicator, before entering a long position on ABC Corp. They might also set a stop-loss order below the support level to limit potential losses in case the price continues to drop.

In conclusion, technical analysis is a valuable tool for traders to evaluate financial markets and make informed trading decisions. However, it should be used in conjunction with other forms of analysis and should not be relied upon as the sole basis for trading decisions.

TOP 5 STOCK BEOKER IN INDIA 2021

2021-05-22T23:02:00.003+05:30

TOP 5 STOCKBROKER IN INDIA 2021

If You Are Looking In Search Of A Good Stockbroker You Have Landed On The Right Page. In This Article, You Will Get To Know The Top 5 Stockbroker In India

Investing in the stock market has become one of the most sought investment methods nowadays. Due to ease of investment, convenience, and liquidity, investors have started looking for the TOP 5 STOCK BROKERS IN INDIA

If you are thinking about seriously investing in the stock market, then you need a broker who has good infrastructure in terms of platforms and connectivity. So it is important that you open your account only with the top 5 stock brokers in India 2021 for your trading needs.

WHAT DO STOCKBROKERS DO?

A stockbroker is a middleman who has the authority to buy and sell stocks and securities in a stock exchange on the investor’s behalf

Stocks are traded through exchanges. However, an investor cannot directly trade in stock exchanges. To buy a stock or sell a stock through exchanges, you need an intermediary who will help you with the transaction. This middleman can be a person or a company that is authorized to buy and sell stocks and other securities on your behalf. Such a person or a company is known as a stockbroker. Stockbrokers are generally associated with a stockbroking firm, but they can also be independent people. For providing this service, a stockbroker charges a commission or a fee.

TOP 5 STOCK BROKERS IN INDIA

1. Zerodha

Zerodha is India's biggest stockbroker offering the lowest, cheapest brokerage rates for futures and options, commodity trading, equity, and mutual funds.

Zerodha works on an online discount brokerage model wherein only online trading services are offered to customers. It heavily uses technology to serve its customers and has very few branches & offices.

BROKERAGE - Zerodha offers 20rs/- per trade plan which is exclusively very cheap in the broking industry from the beginning

CLIENT BASE - Zerodha having a good client base in terms of its competitors in the market, it has approx 3,602,074 active clients which are working actively

PLATFORM- Zerodha having a great trading platform called kite it has an easy and good user interface web and mobile both platform

2. Upstox

Upstox is a Mumbai-based discount stockbroker. Upstox offers a fast, reliable & easy-to-use trading platform for traders in the Indian stock market. Upstox is an online investment brand of RKSV Securities. Incorporated in 2009, RKSV is a Mumbai, India-based SEBI registered financial service provider.

BROKERAGE - Upstocks offers 20rs/- per trade plan for buying and selling for securities

CLIENT BASE - Upstocks having a good client base, it has approx 2,141,095 active clients which are working actively

PLATFORM- Upstocks having a trading platform called Upstocks pro it has an easy order placing the facility

3. Icici Direct

ICICI Direct is a retail trading and investment service of ICICI Securities. It offers services online as well as through a network of branches across India. ICICI Direct offers a 3-in-1 account, a combination of a saving bank account, stock trading account, and a Demat account.

ICICIdirect is the largest retail broker and financial product distributor in the country trusted by over 50+lac customers with over 2 decades of service

BROKERAGE - Icici Direct offers 15s/- per trade plan for buying and selling securities for intraday

CLIENT BASE - Icici Direct having approx 1,580,233 active clients which are working actively

PLATFORM- Icici Direct having a trading platform and it provides the best facility called margin funding at just 8.9% p.a.

4. Angel Broking

Angel Broking Limited is one of the largest independent full-service retail broking houses in India committed to providing accurate and widespread data for every online share trader

Angel Broking is an Indian stockbroker firm established in 1987. The company has more than 8500 sub-brokers and franchisee outlets in more than 900 cities across India. The company's services include online stock broking, depository services, commodity trading, and investment advisory services.

BROKERAGE - Angel Broking offers 20rs/- per trade plan for buying and selling for intraday

CLIENT BASE - Angel Brokinghaving approx 1,564,667 active clients which are working actively

PLATFORM - Angel broking having a good user interface in mobile app and have so any feature including margin funding and investment in a mutual fund, IPO, and other schemes also.

5 . IIFL Securities

IIFL Securities Limited (Formerly India Infoline Limited) is one of the largest independent full-service retail and institutional broking house along with being a leading investment advisory firm in India providing diversified financial services and products to corporates, institutional investors

IIFL Holdings Limited d/b/a IIFL and India Infoline is an Indian diversified financial services company headquartered in Mumbai. The organization was founded by Nirmal Jain

CLIENT BASE - Iifl Securities having approx 291,730 active clients which are working actively

PLATFORM - Iifl Securities having a good user interface which traders and investors can find and place orders in very little time.

A good broker will provide full service to his/her client. this is for knowledge purpose choose your broker which you trust the ost . in this article you can know how to choose a good broker in multiple types of facilities

THANKS FOR READING.

5 Great Books for Stock Market Beginners

2021-05-08T21:25:00.001+05:30

5 Great Books for Stock Market Beginners

Books are considered the best friends of humans in a real sense, and it is said that they are also the best companions of humans. They play a significant role in humans life. Books give plenty of joy to humans, and they learn a lot of things from books. They take them into a unique world of imagination and improve their standard of living. And when it comes to money investing. we must read about the Books for Stock Market Beginners

Here is a list of some of the most essential Books for Stock Market Beginners.

1. The Intelligent Investor-Benjamin Graham

Mr. Benjamin Graham, the mentor of the greatest investor of all-time Mr. Warren Buffet wrote this book. It is called the bible of the stock market for good reason.

The fundamentals of the stock markets are explained brilliantly. There are 3 parts to this book. First, investing approach taken by a defensive investor. The second and Third concepts explain market behavior and risk management.

2. The psychology of money- MORGAN HOUSEL

The psychology of money is the study of our behavior with money. ... It's about behavior. And everyone is prone to certain behaviors over others. Once you become aware of your tendencies, you can harness the power of your own mind, your thoughts, and your will—and you can literally change your life

The Psychology of Money by Morgan Housel is comfortably the best personal finance and investing book I've read. ... This is a break from the convention of a typical book, which is to make a few good points and then waffle on endlessly for over 300 pages

3. Rich Dad Poor Dad - Robert T Kiyosaki

Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing.

Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education

4. How to Make Money in Stocks - William O’Neil

How to Make Money in Stocks is a seven-step guiding reference for minimizing risk and maximizing gains to build a generation of wealth for investors. The book is enlisted with strategies that allow for finding winning stocks before making big price gains. It also provides tips for better investment of money in stocks, mutual funds, and ETFs to maximize gains

5. Stocks to Riches – Parag Parikh

The entire truth of the stock market in India is explained by Mr. Parikh excellently in the book

The book itself is written in very simple and understandable language. The book highlights the mistakes you could make as an amateur investor. Remember, learning from your own mistakes is not free in the stock market as a lot of money is at the stake.

So these are some of the important books for stock market beginners. we will come back with some advanced books for experience and technical analysis

Top 5 Free Charting Platform

2021-05-04T19:36:00.000+05:30

HERE ARE THE TOP 5 FREE CHARTING PLATFORM

The trading chart displays information that can help you decide when to enter and exit a position. There are many kinds of trading charts: bar charts, line charts, point and figure, market profile, and candlesticks. For this example, we’ll focus on the Charting platform, Which is available for free and these are commonly used chart types.

1. Trading view

TradingView is a cloud-based charting and social-networking software for both beginner and advanced active investment traders. Basic charting, research, and analysis information are available with a free account.

Trading View is an online web-based (works in a browser) charting platform with lots of useful features. You can use it to track prices and analyze Forex pairs, stocks, cryptocurrencies, commodities, and many other tradable asset including government bonds.

2. Google Finance

Google Finance provides real-time market quotes, international exchanges, up-to-date financial news, and analytics to help you make more informed trading The google finance function allows you to import real-time financial and currency market data straight into Google Sheets. As well as enabling you to track current stocks and shares information, it can also be used to retrieve historical securities data

Google Finance is one of the best places to get a large volume of stock quotes and financial news as you explore your various investment options before investing your money. In addition to having a ton of outstanding information on thousands of companies, Google Finance also has an excellent Portfolio tool

3. ChartInk.com

Chartink.com provides tools for technical and fundamental analysis. We provide the following tools free of cost. Candlestick & PnF Charts. Custom Stock Screeners. Intraday Charting & Scans.

Chartink provides tools for technical and fundamental analysis. It provides the following tools free of cost. Candlestick & PnF Charts, Custom Stock Screeners, Intraday Charting & Scans, Stock Watchlists, Historical Price Data Back to 1980, Accurate data directly from Exchange

4. Investing.com

Investing.com India serves traders of a wide range of asset classes with real-time charts & quotes along with news and analysis. this is a financial markets platform providing real-time data, quotes, charts, financial tools, breaking news, and analysis across 250 exchanges around the world in 44 language editions.

5. StockCharts

StockCharts.com has the award-winning charts, analysis tools, and expert commentary you need to invest.

Stockcharts is a great charting service that offers plenty of value at its price points. They are definitely worth a look if you are shopping for a cheaper charting service that has a quality product. StockCharts is an award-winning charting tools provider that allows access to real-time intraday data.

These Are The Some Of Charting Platform Which Are Available For Free. In the Next Blog, We Will See More Like This.

5 Most Useful Website For Stock Market Beginners

2021-04-27T19:37:00.000+05:30

1. NSEindia.com

This is the official website of the National Stock Exchange and is loaded with all information

You can get the financial information and stock quotes of all the companies listed on the NSE exchange. The information provided on this website is accurate and consistently updated. As the company has an obligation to submit their financial reports to the exchanges, you can always find the financial data like quarterly reports, shareholding patterns, bulk/block deal details, etc of any company on this website, in case you can’t find it elsewhere.

Along with charts, there are tons of historical data regarding NSE and nifty available on this website. You can find information about the corporates, domestic and foreign investors, new listings, IPOs, etc. NSE India also provides courses and certifications

2. Moneycontrol.com

Moneycontrol is the most popular website among all Indian stock investors. You can find all sorts of information on this website like market news, trends, charts, livestock prices, commodities, currencies, mutual funds, personal finance, IPOs, etc.

It has the most up-to-date Earnings calendar, which comes very handy during the result season, If you are an Intra day trader, you probably will also appreciate the heads-up articles before every trading session where they list out all the cues to watch out for the day.

The discussion forum offered by this website is also among one of the unique features of this website. If you are unable to find the latest news regarding the drastic share movement of any company, just go to the forum of the stock, and read the discussions. However, please do not get influenced by the comments in the discussion section as a few may also be spam discussion posts.

3. Investing.com

Investing is a great site if you want to find comprehensive information regarding a public company. You can perform both fundamental and technical analyses of stocks on this website. The different pieces of information available on this website are general info, chart, news and analysis, financials, technical, forums, etc.

The most useful feature of this website is the charts, They have an amazing user-friendly, customizable chart which can be loaded with an indicator of your choice and you can even set price alerts on stocks of your choice

You can also use a number of amazing ‘tools’ available on this website for free. The best one is the ‘Stock screener’. Using this tool, you can screen stocks and shortlist them based on different criteria like market capitalization, PE ratio, ROE, CAGR, etc. I also use investing for technical analysis as there are a number of technical indicators that are available on this website and easy to use. In short, if you haven’t visited this website, then go on and check it out

4. Zerodha Varsity

Zerodha Varsity is a free online resource geared towards helping people learn about stock market trading and investments. … Zerodha Varsity provides in-depth coverage of major stock market investment topics. The topics are covered in the form of easy learn, collection of stock market lessons with illustrations

It Has the best content included all financial markets. you can find anything with proper examples. here you can get everything with chapter so it is easy to get what you want. its has basic to advance and all this for free of cost.

5. Screener.com

The screener is a great website to perform the fundamental analysis of a company like reading its financial statements, ratios, etc. Most of the features on Screener are absolutely free. You can find a number of important information about the companies on this website like financial ratios, charts, analysis, peers/competitors, quarterly results, annual results, profit & loss statements, balance sheet, cash flows, etc.

The best part is the customized financial reports which are created in such a manner that only useful information is shown. No clutters! The financial statements of a company are very long, however, the screener simplifies the financials in small useful chunks. Anyone can easily read the annual reports, balance sheet, etc on this website because of the user-friendly display of the data.

This all website will help beginners with all the required information

What are the mistakes that new traders do while trading?

2021-04-27T19:27:00.001+05:30

THE MISTAKES THAT NEW TRADERS DO WHILE TRADING

The common mistakes every newcomer does. is without any knowledge t
hey enter in the market. but apart from that, they have to take knowledge which they can get from reading books, learn technical and fundamentals of the market know the basic formation and the working processor of the market, how the stocks move and on which parameters.

The basic and most common factors they should learn and remember for the life is.

1. Technical and fundamental knowledge of the market.

when a newcomer enters the market, he has to understand the basics of the financial market, like how the market runs and what’s is the reason behind it. for that, the person must learn the techniques and fundamentals of the markets. which can learn through reading books, watch financial videos, follow some active market traders which are in the market for the long term so that you can take experience from all that things. this will help you in the long run in the financial markets. don’t look for any holy grail fin overnight.

2. Learn making own system

when anybody says make own system, that simple mean is to make a system that you can believe, a system means everything can be predefined if anything is going ups and down so you need to do a simple modification in that so everything can be managed.

A system contains Risk management, Risk reward ratio, position-sizing, And your experience from the market you have taken. Trust your system and backrest it for 5-10 years so that your system can perform well in every market scenario don’t be trade emotionally, let your system handle it. when any event comes you can manage it.

3. Risk management

The word ‘Risk management’ describes itself. it simply says take that much risk which you can manage, in another word it means that take the only risk of the amount which you can forget as investment or you can lose it without any panic in your mind. if this amount you lose even after that you can to bed peacefully and sleep without any headache.

According to the experience of the most active and successful traders, the maximum risk is the risk you always decided before your trades in every condition it will be the same. the maximum risk can be 3-5% of your actual investment or hard-cash not on your limits.

we will understand it with an example of position Sizing, suppose one has an investment of Rs. 1,00,000/- so the maximum risk for the day is 3000-5000 in . in this case we can purchase 1000 shares with the stop loss of 5 Rs. , or we can take 5000 shares with the stop loss with 1 Rs.

the risk ratio will be the same and it has to be managed for successful trades.

4.Risk Reward

Risk Reward means for how much of earning how much risk you are taking. For example for earning of 100 Rs. how much risk you are taking

for better results and the risk-reward ratio should be 1:2 or 1:3 that means with the risk of 50 Rs you are going to earn 100 Rs or 150 Rs. according to the market conditions, you can increase it to more but the minimum should be 1:2 or 1:3, with this reward ratio if your 40% trades are going fine, then also you will be profitable.

Always learn to book small losses, you can use that money for the next trades don’t stick to the trades if your system warns you about to exit. and never do Overtrades

5. Conviction

A conviction will only come when you trust your system some time happens that we have fully convinced about the trades that it will be profitable but due to fear of loss you do not enter in that profitable trades. this can be the act of your previous unprofessional trades. so just trust your system which you have made with your experience.

HOLI - The Festival Of Colours , People Engagments And Togetherness

2021-03-29T18:59:00.004+05:30

HOLI

Holi is one of the major festivals of Hindus. It is celebrated in South Asian countries, especially in India. Hiranyakashyap wanted to kill his son, so he called his sister, Holika. She had a magic robe. This robe had the power to save the wearer from burning in fire. Hiranyakashyap ordered his sister to sit on a burning fire along with Prahlad. He thought that his sister would not be harmed by the fire of the magic robe and Prahlad would be burnt to death. But the result was the opposite to what the evil demon king planned.

Thus Prahlad came out of the burning fire safely and Holika was burnt to death. and holi is the festival of collour It is celebrated with colors to mark the victory of virtue and goodness over evil.

The festival is celebrated for five days. The 5th day, Rang Panchami, marks the closing day of the Holi festival.

People are seen with different varieties of colors on Holi. They put colors on each other, sing, dance. They worship Lord Krishna and put colors on his idol.

Families gather together and Parvi the whole day

Holi is coming. Play it safely

Continuing the tradition of smearing colour on the faces of friends and throwing coloured water in a playful manner on guests is a hallmark of the Indian Festival Holi. Historically, Holi, the festival of bright and cheerful colours, used to be played with natural dyes made from henna leaves, margosa leaves, marigold flowers, turmeric, kumkum and Gulal made from red sandalwood powder etc. With changing times, chemical dyes and synthetic colours entered into the market. These may contain dangerous toxins that have harmful effect on the human body. Therefore, one has to be careful while using the colours for playing holi; most of the modern colours are in fact chemical dyes and can cause skin allergies. Some of the skin problems that could occur are itching, rashes, dryness and irritation. Eyes are extremely vulnerable and need to be protected since sometimes; these harmful colours come in contact with eyes resulting in eye-infection etc. Why don’t we all start using herbal colours made up of natural substances? We should spread the message of not using chemical colours having harmful substances such as lead and mercury etc. This is the first step of risk avoidance to have a vibrant and safe holi. One more aspect of danger is that the floor becomes slippery due to playing with water colours. So while playing holi, avoid running or jumping on wet floors as one may get injured due to slippery floors spoiling the mood of the day. The second step is minimise risk by applying oil on the skin and hair before playing holi. This way, the dyes will not catch hold on to the body easily. Using oil may help to minimise the side effects, even if some of the colours used by friends happen to be chemical colours. And finally, one should never force any one to play holi against their will. Remember, it is all about taking a little care and exercising due caution even while enjoying the Holi with your near and dear ones.

IPO - craftsman Automation Ltd

2021-03-13T19:40:00.001+05:30

IPO Note – Craftsman Automation Ltd.

Price Band: Rs. 1,488 – 1,490

Issue Date: 15 – 17 March

Recommendation: SUBSCRIBE

Company Overview

CAL (Craftsman Automation Ltd.) is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments namely, Automotive Powertrain (48% of FY20 revenue), Automotive Aluminium Products segment (17%) and Industrial and Engineering segment (35%).

Details and Objects of the Issue

The total issue size is Rs. 824 Cr constituting

(i) Offer For Sale of up to 0.45 Cr equity shares aggregating to Rs. 674 Cr mainly by PE investors

(ii) Fresh issue of up to 0.10 Cr equity shares aggregating to Rs. 150 Cr.

The Offer shall constitute 26% of the post-offer paid-up equity capital of the company. CAL shall utilise the proceeds from the fresh issue towards retiring debt.

Investment Rationale:

• CAL is the market leader in machining of most critical value added products (cylinder blocks & cylinder heads) for MHCV & Construction Equipment segments, resulting in best in class margins.

• Auto industry is at the cusp of an upcycle after having undergone a two year long downcycle.

• Storage business is a high growth structural opportunity for CAL.

Valuation and Recommendation

CAL’s margins are well above peers on the back of its leadership position in the highest value segment amongst all engine parts of - cylinder heads and cylinder blocks. ROCE is in-line with industry peers and accordingly the P/E multiples are also broadly in line with peers. With the auto upcycle having commenced and aggressive repayment of debt (to decline to Rs. 770 Cr by end of FY21 against Rs. 1041 Cr in FY20), return ratios are likely to witness a strong uptick. Q3FY21 ROCE has already bounced higher to 22% against 12% in FY20. Based on (i) presence in high end machined components, (ii) upturn in auto industry having commenced (iii) rising mix of non-cyclical, high growth storage solutions business and planned entry into automated storage systems, (iv) Expansion of return ratios and (v) comparatively cheaper P/E multiple on Q3FY21 annualised earnings; we recommend to subscribe to the issue from a long term perspective.

Today's update 13-3-21

2021-03-13T13:14:00.001+05:30

1. U.S MICHIGAN CONSUMER EXPECTATIONS (MAR) ACTUAL: 77.5 VS 70.7 PREVIOUS; EST 74.0☀️U.S MICHIGAN CONSUMER SENTIMENT (MAR) ACTUAL: 83.0 VS 76.8 PREVIOUS; EST 78.5☀️U.S MICHIGAN CURRENT CONDITIONS (MAR) ACTUAL: 91.5 VS 86.2 PREVIOUS; EST 88.3

2. TATA DIGITAL FILES APPLICATION WITH CCI ON ACQUIRING MAJORITY STAKE IN BIGBASKET.COM; LOOKS TO ACQUIRE UP TO 64.3% STAKE

3. DLF: BOARD MEETING ON MARCH 17 TO CONSIDER RAISING UPTO 5B RUPEES VIA NCDS

4. SUPREME PETROCHEM: CO APPROVES PLAN TO REDUCE SHARE CAPITAL || CO TO REDUCE FACE VALUE OF SHARES TO 4 RUPEES || CO TO RETURN 6 RUPEES PER SHARE TO EACH SHAREHOLDER

5. JAPAN PM SUGA: AGREED WITH LEADERS FROM U.S., INDIA, AUSTRALIA TO HOLD FACE-TO-FACE FOUR-WAY MEETING BY YEAR-END☀️JAPAN PM SUGA: AGREED WITH LEADERS FROM U.S., INDIA, AUSTRALIA TO COOPERATE IN PROVIDING COVID-19 VACCINE-RELATED SUPPORT TO DEVELOPING COUNTRIES IN INDO-PACIFIC

6.INDIA FOREIGN SECRETARY SAYS PM MODI EMPHASIZED THAT THE QUAD IS A PARTNERSHIP FOR GLOBAL GOOD || SAYS FOUR COUNTRIES EMPHASIZED COMMITMENT TO SHARED BELIEF IN DEMOCRACY AND PLURALISM☀️INDIA FOREIGN SECRETARY SAYS PM MODI EMPHASIZED THAT THE QUAD IS A PARTNERSHIP FOR GLOBAL GOOD || SAYS FOUR COUNTRIES EMPHASIZED COMMITMENT TO SHARED BELIEF IN DEMOCRACY AND PLURALISM☀️INDIA FOREIGN SECRETARY SAYS WILL PRODUCE ABOUT 1B DOSES BY END OF 2022 AS PART OF THE INITIATIVE☀️INDIA FOREIGN SECRETARY SAYS ON VACCINE SUPPLY CHAIN SAID IT HAS TAKEN UP THIS ISSUE WITH THE U.S, BUT NOT AS PART OF QUAD☀️INDIA FOREIGN SECRETARY SAYS U.S. COS. NEED TO APPLY TO REGULATORS IN INDIA FOR EMERGENCY USE AUTHORIZATION OF VACCINES☀️INDIA FOREIGN SECRETARY SAYS THERE IS A CRITICAL AND EMERGING TECH WORKING GROUP, AND IT WILL HAVE TO DECIDE IF RARE EARTHS ARE PART OF THAT DISCUSSION

7.DOW HITS RECORD HIGH

Today's update 11-3-21

2021-03-11T08:53:00.001+05:30

1. U.S. CENTERS FOR DISEASE CONTROL DIRECTOR WALENSKY SAYS CORONAVIRUS- CASES MAY BE AGAIN STARTING TO TREND DOWNWARDS

2. GERMANY'S DAX UP 0.7% || FRANCE'S CAC 40 UP 1.1% || SPAIN'S IBEX UP 0.8%

3. SREI INFRASTRUCTURE: CARE HAS REVISED THE RATINGS ASSIGNED TO LONG TERM & SHORT TERM BANK FACILITIES, LONG TERM INFRASTRUCTURE BOND, NON-CONVERTIBLE DEBENTURE ISSUE & UNSECURED SUBORDINATED TIER II NCDS

4. U.S. (FEB) FEDERAL BUDGET BALANCE ACTUAL: -310.9B VS -163.0B PREVIOUS; EST. -265.0B

5. DGCX WTI CRUDE OIL FUTURES SETTLE AT $64.44/BBL, UP 43 CENTS, 0.67%☀️DGCX BRENT CRUDE FUTURES SETTLE AT $67.90/BBL, UP 38 CENTS, 0.56%

6.DOW JONES UNOFFICIALLY CLOSES UP 467.90 POINTS, OR 1.47%, AT 32,300.64

7. U.S. CDC REPORTS TOTAL NOVEL CORONAVIRUS CASES OF 28,992,598 AS OF YESTERDAY VS 28,937,762 IN PREVIOUS REPORT ON MAR. 9☀️U.S. CDC REPORTS TOTAL DEATHS OF 526,213 DUE TO CORONAVIRUS AS OF YESTERDAY VS 524,695 IN PREVIOUS REPORT ON MAR. 9

8. JAPAN (FEB) PPI (MOM) ACTUAL: 0.4% VS 0.4% PREVIOUS;EST 0.5%

9. MAHARASHTRA HAS SHOWN A WORRISOME TREND. THE MUTANT STRAIN HAS NOT BEEN FOUND INCRIMINATING IN THIS SURGE IN CASES. IT IS JUST RELATED TO REDUCED TESTING, TRACKING & TRACING AND COVID INAPPROPRIATE BEHAVIOUR AND LARGE CONGREGATIONS: ICMR DG DR BALRAM BHARGAVA☀️WE ARE VERY WORRIED ABOUT MAHARASHTRA. THIS IS A SERIOUS MATTER. THIS HAS TWO LESSONS- DON'T TAKE THE VIRUS FOR GRANTED AND IF WE HAVE TO REMAIN COVID FREE, THEN, WE NEED TO FOLLOW COVID APPROPRIATE BEHAVIOUR: DR VK PAUL, MEMBER (HEALTH), NITI AAYOG

10. SEBI HAS FORMED A GROUP OF EXPERTS TO EXAMINE THE FEASIBILITY OF INTRODUCING SPECIAL PURPOSE ACQUISITION COMPANIES SPACS LIKE STRUCTURES IN INDIA, SOURCES SAID ON THURSDAY

11. INFOSYS: INFOSYS BPM, NEWMONT EXTEND STRATEGIC TIE UP || TIE UP EXTENSION OF 5 YRS

Today's viral updates 10-3-2021

2021-03-10T11:27:00.001+05:30

Viral Update

Saudi Arabia’s oil hawkishness is forcing India to look for other sources

Elon Musk sets a new record. His wealth jumps $25 billion in just one day

Paytm will become a full stack financial services group in next few years

New vehicle registrations down by 13.43% in February 2021

Why investors are favouring stocks over mutual funds

BPCL tanks 6% after BPCL Trust offloads up to 7% stake in firm

Life insurance companies see 21% rise in new business premium to Rs 22,425 crore in February

Craftsman Automation to launch IPO on March 15, price band fixed at Rs 1,488-1,490

today's stocks in news

2021-03-10T11:04:00.001+05:30

WELSPUN ENTERPRISES: CO EMPANELLED BY UP STATE WATER AND SANITATION MISSION FOR EXECUTION OF EPC PROJECTS II CO ESTIMATED AGGREGATE CONTRACT VALUE OF PROJECT IS 25B RUPEES

2.MAHINDRA & MAHINDRA: CO HAS FIRED AROUND 300 MANAGEMENT EXECUTIVES SINCE THE START OF THIS CALENDAR YEAR AS THE SLOWDOWN IN THE DOMESTIC AUTOMOTIVE INDUSTRY EXACERBATED, WITH THE PANDEMIC TAKING ITS TOLL

3. Pledge Share Details

🌟Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 14.77 lakh shares between March 4-5.

🌟Jindal Steel & Power: Promoter OPJ Trading revoked pledge of 8.80 lakh shares on March 8.

🌟Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 4.29 lakh shares on March 8.

4.INTELLECT DESIGN: VIETCOMBANK LAUNCHES VCB CASHUP POWERED BY IGTB’S PAYMENTS AND CASH MANAGEMENT TO DIGITALLY TRANSFORM WHOLESALE BANKING SERVICES AND ACCELERATE VIETNAM’S DIGITAL ECONOMY 2025 ROADMAP

5. INFY: PROMOTER GROUP ACQUIRED 7,77,600 SHARES OR 0.018% OF EQUITY ON 9TH MARCH

6. JK TYRES: APOLLO TYRES AND JK TYRES ARE SAID TO BE MULLING PRICE HIKES FROM MARCH

7. INDIA TELECOM MINISTER: MERGER OF MTNL WITH BSNL DEFERRED DUE TO FINANCIAL REASONS INCLUDING HIGH DEBT OF MTNL || UNDERTAKEN CLOSE COOPERATION, SERVICE INTEGRATION BETWEEN BSNL, MTNL

8. SHRIRAM EPC: CO APPROVED ISSUE OF REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES TO LENDERS UPTO 3.50B RUPEES

9. DR REDDYS: SPUTNIK WILL GIVE THEIR PHASE 3 TRIALS RESULTS TOMORROW: TV CITING COGENCIS

10. European Stock Markets Are Expected To Open Lower Today, As Markets Lose Momentum Seen Earlier In The Week Following A Rally On Wall Street. European Futures DAX (-0.04%), CAC (-0.11%), FTSE (-0.65%)

11. IEX: CO HAS EXECUTED TWO SEPARATE SHARE PURCHASE AND SHAREHOLDERS AGREEMENTS,FOR SALE OF EQUITY SHARES HELD BY THE CO IN ITS SUBSIDIARY, NAMELY, INDIAN GAS EXCHANGE☀️IEX: ONGC SAID TO TAKE 5% STAKE IN IGX SUBSIDIARY OF IEX

12. IDBI BANK: GOVT IS LIKELY TO OFFER ITS IDBI BANK STAKE ALONG WITH LICINDIAFOREVER’S STAKE TO PRIVATE PLAYERS - ET NOW

13. SUN PHARMA: CO UNIT TO ACQUIRE BY WAY OF ALLOTMENT OF 428,571 ORDINARY SHARES OF WRS BIOPRODUCTS || CO UNIT HAS ACQUIRED, ON 10TH MARCH 12.5% FULLY DILUTED EQUITY STAKE OF WRS BIOPRODUCTS BY MAKING THE PAYMENT OF AUD 2M

14. DR REDDY'S: CO SAYS AUDIT OF OUR API MANUFACTURING PLANT AT MIDDLEBURG, NEW YORK HAS BEEN COMPLETED BY THE US FDA. WE HAVE BEEN ISSUED A FORM 483 WITH 3 OBSERVATIONS

15. INDIA SPECIAL SECRETARY: LOGISTICS POLICY IN FINAL STAGE, WILL SOON SEEK CABINET NOD

16. INDIA SPECIAL SECRETARY: LOGISTICS POLICY IN FINAL STAGE, WILL SOON SEEK CABINET NOD

Market outlook for 22 june 2020

2020-06-21T22:37:00.001+05:30

COVID-19 vaccine, not liquidity, a big impetus for Nifty to climb 11K

I don't think global liquidity can take Nifty above 11,000 in the coming weeks, but if the situation is constantly improving, we may reach 11,000 in a span of 2-3 months, Sumit Bilgaiyan, Founder of Equity99 said in an interview to Moneycontrol's Sunil Shankar Matkar.

edited excerpts:

Q) After consolidation, the markets again moved upwards in the week gone by despite a continual rise in coronavirus infections in the country. Do you think global liquidity can push Nifty above 11,000?

A) I think the COVID-19 vaccine will be a big impetus for the Nifty to rally above 11,000 as it will ensure smooth 'U-shaped' recovery for all the sectors and eliminated the risk of another lockdown. I don't think global liquidity can take it above 11,000 in the coming weeks, but if the situation is constantly improving, we may reach 11,000 in a span of 2-3 months

Q) Reliance Industries completed its net debt-free plan well ahead of its target of 2021. Do you think the stock will cross Rs 2,000 mark soon given the expected growth in coming quarters?

A) I believe a lot of positivity about the company has already been factored in the stock price, I expect it to remain rangebound between Rs 1,700-2,000 in the coming months. Weakness in demand for petrochemical business and negative outlook amid weak discretionary spending for retail business will be a drag on the stock price.

Q) Midcap and smallcaps have been trading in line with the benchmarks for the last three weeks. Does it mean that the worst is over and the growth will reflect in the numbers soon?

A) No, I don't think we will be looking at growth over the next 3-4 quarters, it will take at least a year for earnings performance to stabilise. Worst case for business might be considered to be over provided, there are no more lockdown and infections are in control, which I believe is being factored in the stock prices. Many good quality small and midcaps, with limited risks, are available at super cheap valuations, which definitely makes a very good case to buy them for investors.

Q) Do you think the India-China border situation is really a big concern now. And will it have major implications on financials, and corporate earnings and economic growth?

A) I don't think India- China tussle will be a major issue, or rather, both the governments would prefer keeping the relations intact as India and China are heavily dependent on each other. If the situation worsens and relations are impacted, the key adverse effects will be felt by startup fundings, pharma sector, consumer durables, electrical components and machinery and chemicals.

Q) Banking and financials have been the key factor for directional move on either side in the last month or so. What does it indicate?

A) It clearly shows that investors are expecting a 'U-shaped' path to recovery which will keep the financial stress on various sectors limited and not elongated. As the economy has opened up, investors expect that NPA issue will not be a major one, and thus, banking and financial sector will not face severe pain on that front. It will be a key monitorable to track how the various sectors in the country are performing and whether demand comes back to pre-COVID levels.

Q) What are key triggers to watch out for in the coming week?

A) The main thing to watch out will be the COVID-19 cases and COVID scenario in the metro cities. Indo-China resolutions will also be crucial.