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Global indices consolidate as gold rises with North Korean missile test, while US data indicates Federal Reserve on track to raise rates in June.

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Indian Indices: Asian indices opened mildly with losses as North Korea conducting missile test over the weekend witnessed sentiment turn weak. This even as US data indicates the Federal Reserve would raise rates in June, which has seen the bond yields rise to over 2.42% on the US 10 year bond. This week should see some caution initially with any dip being a chance to buy as the global bull market remains intact.


Nifty hit 9450 and reacted sharply during midsession to close around 9400 with foreign buying being matched by local selling. Banks both Private and PSU bore the brunt of selling while Auto, Realty and select IT saw fresh buying. For today expect mixed reaction on the index while stock/sector outperformance may continue as local profit booking gathers momentum.


The BSE Sensex is currently trading at 30317.57, up by 129.42 points or 0.43% after trading in a range of 30273.62 and 30357.96. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 1.03%, while Small cap index was up by 0.74%.

The CNX Nifty is currently trading at 9442.25, up by 41.35 points or 0.44% after trading in a range of 9423.10 and 9445.35. There were 34 stocks advancing against 17 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Pel

2925.00

12.09

Net Work18

52.25

7.29

CUB

183.00

5.48

CGPower

96.10

5.43

Group ATopLosers

 

 

Idea

85.50

-7.04

UCOBank

39.30

-5.42

Titan

477.00

-3.54

Glenmark

731.80

-3.63

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

30065

30350

Nifty

9355

9436

 

Technical view: Nifty found strong support around 9372, which was Friday's low and will act as initial support on the downside while 9450 will act as resistance on the upside. Bank Nifty also finds strong support around 22550 while 22800 will now act as resistance on the upside.


 

MothersonSumi (BUY Above 415 with Stop Loss at 407 for Target of 430): The stock has been in a solid uptrend for the past five months. On analysing the daily chart, Motherson was stuck in a narrow trading range for the past two weeks; however, the stock has finally broken out from this gestation period and has given a continuation pattern breakout. The price outburst has been accompanied with increase in volumes, which further accentuates out bullish stance on the stock.


Derivative Snippets

Infosys has deferred salary hikes for employees to July and even later in case of senior executives as the Indian tech industry struggles to cope with uncertain environment and visa-related issues in key markets like the US.

In the last trading session, markets closed on a negative note dragged by banking stocks. Nifty ATM/OTM call and put option strikes saw short selling, indicating of a trading range between 9300-9500. Bank Nifty 23000 CE saw some unwinding of long positions, making 23000 levels as an important resistance for the index.


FIIs were net buyers in cash market segment to the tune of Rs 842 Cr.FIIs index future long short ratio at 2 x v/s 2.3x.

 

Nifty Movers: The top gainers on Nifty were Hindalco up by 3.82%, Tata Steel up by 2.61%, Dr. Reddy’s Lab up by 2.32%, Ultratech Cement up by 1.92% and Kotak Mahindra Bank up by 1.90%. On the flip side, Infosys down by 1.47%, BhartiInfratel down by 1.45%, AurobindoPharma down by 0.99%, Eicher Motors down by 0.66% and Wipro down by 0.60% were the top losers.

 

Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were Metal up by 1.79%, Basic Materials up by 1.65%, Realty up by 1.28%, Bankex up by 0.94% and Utilities up by 0.84%, while Consumer Durables down by 1.02%, Telecom down by 0.85%, IT down by 0.70% and TECK down by 0.66% were the losing indices on BSE.

 

 

On the global front: On the global front, Asian shares were trading mostly in green, despite headwinds from a weekend missile test by North Korea and concerns over further spread of ransomwarecyberattacks globally. China’s factory output and fixed asset investment growth cooled more than expected in April, adding to signs that momentum in the world’s second-biggest economy is slowing from a strong start in the first quarter.

 

Global Signals:The Asian markets were trading mostly in green; KOSPI Index increased 1.89 points or 0.08% to 2,287.91, Shanghai Composite increased 7.84 points or 0.25% to 3,091.35, Taiwan Weighted increased 35.68 points or 0.36% to 10,022.50 and Hang Seng increased 149.17 points or 0.59% to 25,305.51.On the other hand, Nikkei 225 decreased 34.46 points or 0.17% to 19,849.44, Jakarta Composite decreased 15.74 points or 0.28% to 5,659.47 and FTSE Bursa Malaysia KLCI decreased 2.2 points or 0.12% to 1,773.67.

 

Know the proper timing when to invest

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If you are able to know how to invest in the stock market then you can always get good profits from the market. You have to get in hold of a good website where you can get to find many useful information of the market. If you fail to find the right time to invest in the market then you might have to lose all your money. You cannot just invest your money in the stocks and lose it. You need to know that it takes quite a long time to understand the market well. You also need to know about the working and functioning of the different concepts of the market so that you can clear all your doubts in the market. 

If you fail to understand the market then you would be solely responsible for all your losses that you incur in the market. In case you feel that you have understood the market well then you can surely reap profits from your invested cash in the stocks. So try to gather as much knowledge as possible by reading books on stock market or even watching the business news. In thus way you can know the market scenario and the right time to invest in the market. You should get to know the proper timing when to invest.

 

Do not be impatient

You might have seen people who lose their money investing in the stocks. One of the main reasons why they fail in the market is that they do not have enough patience when they invest in the market. You need to have good patience when it comes to investing in the market so that you remain on a much safer side. You should also not try to get influenced by your ignorant friends to invest in the market. They do not have any good knowledge of the market and they try to invest blindly. In such cases you have to lose your money investing in the wrong stocks. So the more research you make in the market, the more knowledge you can gain in the market. You have to get to know about the past performances of the different stocks in the market so that you can get the one that would help you in getting some good profits from the market. You can also get to know about the online stock trading where buying and selling of stocks is done all online. This type of trading is very popular because it helps in saving a lot of your time and money. 

 

Plan your decisions accordingly

You have to make your decisions very carefully and you should also try to determine which types of investments would be profitable for you. You have to know the advantages of both long term and short term investments. If you are ready to invest in the short term investment then you can go for day trading. But you should know that there are some investors who feel this type of trading to be very risky. So you should know all the important information of day trading. You would be glad to find that you have invested in the right stocks. You might lose some of your money in the market but this should not let you feel down. You should try to have good confidence on yourself and try to know what went wrong in the previous stocks that you incurred losses in the market.

 

Visit genuine websites

You have to make sure that you try to visit genuine websites so that you do not fall prey to websites that might try to rob off your money. You can have a look at the comments or feed backs of the different visitors so that you can know which would be the best website. You should try to put your best foot forward in order to reap the ultimate benefits from the market.

 

Thus you have to know the proper timing when to invest. If you are able to get the right time to invest then you would not have to worry about anything regarding your investments in the market.

Weekly Nifty Trading View for the Week May 15, 2017–May 21, 2017

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Events to watch this week

  • Trump agenda tougher sell after Comey firing

  • Macron cruises to French presidency

  • South Korea elects new president

  • Volatility touches multi-decade lows

  • IMF expected to rejoin Greek bailout

The Week ahead:

  • China reports retail sales and industrial production data on Monday, 15 May

  • US industrial production is released on Tuesday, 16 May

  • Japan releases its Q1 gross domestic product figures on Wednesday, 17 May

  • The United Kingdom releases its April retail sales report on Thursday, 18 May

For the week,Global equities were little changed on the week amid presidential elections in France and South Korea and fresh political turbulence in Washington. The yield on the US 10-year Treasury note, at 2.34%, saw scant net change on the week. West Texas Intermediate crude oil firmed modestly, to $47.50 a barrel from last week’s $45.50.

NIFTY- 9,400.90
CRUDE OIL-Rs 3,062 barrel
GOLD-Rs 28,015 gram
Rs/$-Rs 64.31

MARKET ROUND UP 
Key equity benchmark indices registered strong gains in the week ended Friday, 12 May 2017. The barometer index, the S&P BSE Sensex and the Nifty 50 index scaled record highs on the back of domestic and global cues. 
The market sentiment was boosted by chief of the India Meteorological Department (IMD) reportedly commenting that India may likely receive higher monsoon rainfall than previously forecast. A good monsoon would positively impact rural incomes which in turn could give a boost to mass consumption sectors like FMCG, two-wheeler industry etc. A substantial part of the country derives income from agriculture and allied sectors. 
The Sensex rose 329.35 points or 1.1% to settle at 30,188.15. The Nifty 50 index advanced 115.60 points or 1.24% to settle at 9,400.90. 

The BSE Mid-Cap index rose 0.92%, under performing the Sensex. The BSE Small-Cap index advanced 1.12%, outperforming the Sensex. 

Macro Economic Front: 
On the Economic Front,the government will announce industrial production data for the month of March 2017 after market hours on Friday, 12 May 2017. The data on inflation based on consumer price index (CPI) or retail inflation for April 2017 will also be announced after market hours on that day.

The data on inflation based on wholesale price index (WPI) for April 2017 is also slated to release after market hours on Friday, 12 May 2017. India's trade data for the month of April 2017 is scheduled on Monday, 15 May 2017.

Major Action &Announcement:
Asian Paints declined 1.21%. The company's consolidated net profit rose 10.4% to Rs 462.22 crore on 8.9% rise in revenue from operations to Rs 4416.23 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Thursday, 11 May 2017.

TCS advanced 1.86%. The company announced that it has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation center located in Cincinnati, Ohio to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. The announcement was made after market hours on Friday, 5 May 2017.TCS announced that South Africa's Mercantile Bank successfully transformed its banking operations with TCS BaNCS Digital. The announcement was made during market hours on Wednesday, 10 May 2017.

Power Grid Corporation of India (PGCIL) was down 1.32%. The company said that Department of Telecommunications, Ministry of Communications, Government of India has granted unified license dated 2 May 2017 to the company with national long distance and internet service provider-category A service authorizations for providing telecom services. The license is valid for 20 years. The announcement was made during market hours on Tuesday, 9 May 2017. 

Lupin rose 0.29%. The company issued clarification to the media news after market hours on Tuesday, 9 May 2017. The company said that recently its Aurangabad facility underwent an inspection by the USFDA. The inspection was completed on 26 April 2017, subsequent to which, the USFDA issued Form 483 citing eight observations. The company is in the midst of putting together a response to address the observations. 

DrReddys Laboratories declined 0.66%. The company's consolidated net profit rose 175.37% to Rs 337.60 crore on 5.32% decline in net sales to Rs 3498.50 crore in Q4 March 2017 over Q4 March 2016. The result was announced during trading hours on Friday, 12 May 2017. 

Tata Motors was up 2.54%. Tata Motors Group global wholesales including Jaguar Land Rover (JLR) declined 4% to 73,691 units in April 2017 over April 2016. The announcement was made during market hours on Wednesday, 10 May 2017.

Global Front: 
In Overseas Markets,centrist candidate Emmanuel Macron won the French presidential election with about 66.1% of the votes, against 33.9% for rival Marine Le Pen. The victory on Sunday, 7 May 2017 for the 39-year-old Macrona staunch supporter of the European Union is likely to placate anxious global market investors, who have fretted for weeks that far-right candidate Le Pen would win and make good on promises to yank France out of the EU, potentially unsettling the eurozone and world markets.
The International Monetary Fund said Asia's economic outlook faces significant uncertainty and downside growth risks from any sudden tightening in global financial conditions or rise in protectionist trade policies. The IMF, which in April raised its 2017 Asia-Pacific growth forecast to 5.5% from its previous October forecast of 5.4%, said loose monetary and fiscal policies across most of the region would underpin domestic demand. India's growth is expected to rebound to 7.2% in the FY 2018 and 7.7% in FY 2019 after disruptions caused by demonetization, the IMF said.

Global Economic News:

Legislative calendar grows more challenging for Trump
President Donald Trump’s health care reform and tax cut agenda have faced significant legislative headwinds for some time, but those headwinds stiffened considerably after the president removed from office embattled Federal Bureau of Investigation director James Comey. Measures that require a 60-vote majority in the 100-seat United States Senate will be extremely difficult to enact given the charged political environment. Republicans, with 52 senators, hold a slim majority.

Macron outperforms expectations
Centrist Emmanuel Macron was expected to easily beat right-wing populist Marine Le Pen in the second round of the French presidential election, but his margin of victory proved to be even larger than expected. Macron received 66% of the vote to Le Pen’s 34%. He must now forge a governing majority in the National Assembly, with two-round parliamentary elections scheduled for 11 June and 18 June.

South Korea’s president aims for warmer North Korea relations
Newly-elected South Korean president Moon Jae-in took office on Wednesday and vowed to resolve the security crisis on the Korean peninsula as soon as possible, including by traveling to Pyongyang, under the right conditions. On the economic front, Moon is expected to push for the reform of South Korea’s conglomerate system, as well as to seek higher corporate taxes.

Greek bailout may secure IMF backing
Concerns over the sustainability of Greek debt have caused in the International Monetary Fund to bypass the past several rounds of funding for the indebted Euro zone member. But the IMF looks likely to rejoin the bailout in the weeks ahead, and continues to push European authorities to grant Greece debt relief. An agreement is expected at a meeting of Euro group finance ministers on 22 May.

US consumer perks up
US retail sales expanded at the fastest rate in three months in April, while prior months’ data were revised higher. Strong labor markets and modestly rising wages are supporting consumption. Consumer prices in the US remain subdued, rising 0.2% in April after falling 0.3% in March. Core CPI rose 0.1% in April, and was up 1.9% versus a year ago.

Bank of England leaves policy untouched, lowers outlook
The Bank of England left interest rates unchanged at their rate-setting meeting on Thursday but the Monetary Policy Committee slightly downgraded its economic growth forecast for 2017 to 1.9% from an earlier 2% outlook. Governor Mark Carney allowed in a press conference that the BOE “has not modeled” for a disorderly Brexit process. Carney also said that if the Brexit process goes smoothly, the Bank may need to hike interest rates faster than the market expects.

GLOBAL CORPORATE NEWS

VIX bounces from 24-year lows
Volatility, as measured by the Chicago Board Options Exchange Index (VIX), fell to its lowest level since 1993 this week amid unusually calm equity trading conditions. The VIX, at 10.6 on Friday morning 12 May, is running at roughly half of its twenty-year average, according to Reuters. Analysts are struggling to explain the unusually placid market environment, with one well-known pundit this week pinning the blame on social media. The VIX slipped as low as 9.7 on Monday 8 May.


As of 11 May, with 457 of the S&P 500 companies having reported, earnings are expected to increase 14.7% in Q1 versus a year ago. Excluding energy, earnings are expected to grow 10.4%. Revenues are expected to grow 7.3%, or 5.3%, excluding energy. The next-twelve-months P/E ratio is 17.8%, according to Thomson Reuters I/B/E/S.

NEW 52-WEEK HIGH BSE (A):

ALBK

92.50

CENTURYTEX

1218.20

DLF

209.40

NEW 52-WEEK LOWS BSE (A):


DRREDDY

2525.25

MAJOR WEEKLY GAINERS IN BSE A CATEGORY(%):


ADANI TRANSMISSION

22.40

CG POWER

17.23

UNITED SPIRITES

14.64

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:


DENA BANK

-13.76

GLENMARK

-10.27

YES BANK

-7.76



Eyes will be set on the certain US economic data releases are: 
Monday (15May)
Housing Market Index
Tuesday (16 May)
Housing Starts 
Wednesday (17May)
MBA Mortgage Applications
Thursday (18May)
Jobless Claims
Friday (19May)
No Major Data


Fundamental Pick of the week:
Buy Majesco Ltd For Target Rs. 556.00 

STOCK IN FOCUS 
* Majesco’s stock rose by 2.4% yesterday, while the BSE Sensex was flat. While the company reported a disappointing 4QFY17, with revenue down 6.2% QoQ in USD terms, we believe underlying industry fundamentals and the key IBM partnership will enable Majesco to boost revenue growth in FY18E.

* Under-penetrated and significant market opportunity, highly rated products - Total addressable market for Majesco stands at ~US$ 25bn. Within this, the addressable market size for the US P&C market stands at US$ 9.25bn.
Majesco has also developed products for the L&A market; of the total estimated addressable market of US$25bn for Majesco, around US$15-16bn relates to the L&A market. We currently have a target price of Rs 556 on the stock.

TECHNICAL VIEW:


S3

S2

S1

NIFTY

R1

R2

R3

9,300

9,338

9,365

9,400.90

9,434

9,468

9,520

NIFTY began the session on lifetime- high tracking positive cues from Asian markets, but later index remained sideways during the day. Finally, after oscillating in 9,451-9,411 range, NIFTY closed the day at 9,422 mark with gain of 15 points.NSE Cash segment reported turnover of Rs25,387crore as compared to Rs24,298 crore earlier.Overall market breadth remained negative, where 672 stocks advanced against 986 declined stocks.Mixed trend was observed across all the sectoral indices during the day, where Media index emerged as a top gainer with the increase of 3.4% respectively. However, none of the sectoral indices reported loss of more than 0.5%

Bank Nifty made high of 22977 doing our target of 22940 and now holding 20700 we can move towards 23110.Bearish only below 22500. Hope traders are Enjoying this wonderful ride we are having in market. Dance till the music lasts. Bank Nifty finally closed below 22700 suggesting bulls are near the gann angle support holding the same we can again see an upmove towards 23000/23110.Bearish below 22500 for a move towards 22350/22100

Conclusion: 
Indian equity market following a breather in the last week regained its upward journey. With the statement from IMD that projected a normal monsoon provided the required impetus to push Nifty to pierce 9450 mark for the first time ever. Post a big rally, the market invariably faces a hurdle in the form of resistance at higher levels. This is a normal phenomenon in a bull market, which was very much in play during this week’s trade. In addition, Friday sell-off led by Banking stocks saw markets giving away some of the gains. Yes Bank, ICICI Bank and Axis Bank stocks declined sharply on wide divergence between reported NPA and RBI assessed NPA. Pharma stocks remained under pressure as earnings continue to disappoint with latest Glenmark results reporting a wide miss on estimates.


Interestingly, BankNifty under performed against the benchmark index, and was the main reason for slowdown in index action post the breakout session on Wednesday. Furthermore, records kept tumbling on indices even as the global market rally and an historical low VIX contributed towards the gains.

WEEKLY NIFTY TRADING VIEW FOR THE WEEK MAY 08, 2017–MAY 14, 2017

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Events to watch this week

  • Payroll rebound boosts June Fed rate hike chances
  • Macron poised to win French presidential election
  • Brexit battle lines harden
  • European growth picks up

The Week ahead:

  • The French presidential election takes place on Sunday, 7 May
  • China reports foreign exchange reserves on Sunday, 7 May
  • China reports its trade balance on Monday, 8 May
  • ECB president Mario Draghi addresses the Dutch parliament on Wednesday, 10 May
  • The Bank of England meets to set interest rates on Thursday, 11 May
  • The US reports retail sales and its Consumer Price Index on Friday, 12 May

For the week,Global equities extended their gains this week against a backdrop of improved economic growth, particularly in Europe. Slumping commodity prices may prove worrisome down the road, however, with the price of West Texas Intermediate crude falling to nearly a six-month low, ending the week near $45.50, down from $49.00 last Friday. The yield on the US 10-year Treasury note rose modestly, to 2.35%, up 4 basis points on the week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), held steady near 10.

NIFTY- 9,285.30
CRUDE OIL-Rs 2,970barrel
GOLD-Rs 28,070 gram
Rs/$-Rs 64.38

MARKET ROUND UP

Key indices settled with small losses as profit booking emerged after indices hit record highs in the recent past. The Sensex settled below the psychological 30,000 mark after regaining that mark during the week. The Nifty had hit record closing high on 4 May 2017.

Key indices had posted decent gains on 4 May 2017 that saw Nifty scaling record closing high on that day after witnessing listless trade in first two sessions of the week. However, drop on the final session of the week tracking weak global stocks caused indices to wrap the week with minor losses.

The market fell in two out of four sessions in truncated trading week. The market remained closed on Monday, 1 May 2017, on account of Maharashtra Day.

The Sensex declined 59.60 points or 0.19% to settle at 29,858.80. The Nifty 50 index skidded 18.75 points or 0.2% to settle at 9,285.30.

The BSE Mid-Cap index dropped 0.54%. The decline in the index was higher than the Sensex's drop in percentage terms. The BSE Small-Cap index shed 0.1%. The decline in the index was lower than the Sensex's fall in percentage terms.

Macro Economic Front:

On the Economic Front,data released by Markit Economics during market hours on 4 May 2017 showed that the rate of increase in Indian service sector activity weakened in April 2017. The headline seasonally adjusted Nikkei Services PMI Business Activity Index was down at 50.2 in April, from 51.5 in March.

Market Economics in a press release issued during market hours on 2 May 2017, said that manufacturing conditions in India improved for the fourth straight month in April. However, the headline Nikkei India Manufacturing Purchasing Managers' index (PMI) remained unchanged at 52.5 in April as in March.

Meanwhile, the combined index of eight core industries comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP) stood at 202.9 in March 2017, which was 5% higher compared to the index of March 2016. The data was released by the government on 1 May 2017.

Major Action &Announcement:

Tata Steel was down 3.53%. The company announced that Tata Steel UK has completed the sale of its speciality steels business to Liberty House Group for a total consideration of 100 million pounds. The announcement was made during market hours on 2 May 2017.

Housing finance major HDFC rose 0.61%. The company's net profit fell 21.58% to Rs 2044.20 crore on 7.7% decline in total income to Rs 8514.51 crore in Q4 March 2017 over Q4 March 2016. The result was announced during market hours on 4 May 2017.

ONGC dropped 1.56%. ONGC Videsh, a 100% subsidiary of ONGC announced that it has encountered exciting result in its well Mariposa-1 which is under drilling in CPO-5 block of Colombia. ONGC Videsh is the operator of the block and holds 70% participating interest and Amerisur Resources holds the remaining 30%. The announcement was made after market hours on 4 May 2017.

TCS gained 2.11%. The company said it has been selected by one of Europe's largest utilities companies Vattenfall-to provide IT services across multiple European operations including Swedan, Germany and the Netherlands. The announcement was made after market hours on 2 May 2017. The managed services agreement is a multi-year partnership in which TCS will be responsible for the development and maintenance of a large number of applications.

Wipro rose 0.88%. The company announced that it has joined Enterprise Ethereum Alliance (EEA) as a founding member. EEA is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum based blockchain applications across industries for specific business use cases. The announcement was made after market hours on 4 May 2017.

ICICI Bank surged 7.2%. The stock was the biggest gainer from the Sensex pack. The bank's net profit jumped 188.5% to Rs 2024.64 crore on 10.8% decline in total income to Rs 16585.76 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on 3 May 2017.

Hero MotoCorp gained 1.38%. The company's total two-wheeler sales declined 3.5% to 5.91 lakh units in April 2017 over April 2016. The two-wheeler industry witnessed heavy retail off-take towards the end of March 2017 in view of the transition from BS III to BS IV vehicles. The announcement was made on 1 May 2017.

Maruti Suzuki India rose 1.88%. The company's total sales rose 19.5% to 1.51 lakh units in April 2017 over April 2016. Domestic sales grew by 23.4% to 1.44 lakh units in April 2017 over April 2016. Exports declined 29.4% to 6,723 units in April 2017 over April 2016. The announcement was made on Monday, 1 May 2017.

Global Front:

In Overseas Markets,the US Federal Reserve on 3 May 2017, left monetary policy unchanged, as expected, and indicated it remains on track to deliver two more rate increases by year-end. The Fed said that it would not change its interest rate target this month. However, the Fed also stated that a recent economic slowdown was transitory, fuelling hopes among investors for future rate rises.

China's service sector expanded at the slowest pace in nearly a year, a private gauge showed on 4 May 2017, pointing to possible softness in the sector. The Caixin China services purchasing managers' index slipped to 51.5 in April--the lowest since May 2016--from 52.2 in March, Caixin Media Co. and research firm Markit said.

China's nationwide factory activity expanded at a slower pace in April, with a private gauge falling to a seven-month low. The Caixin China manufacturing purchasing managers' index dropped to 50.3 in April from 51.2 in March, indicating a slower expansion of activity, Caixin Media Co. and research firm market said on 2 May 2017.

Global Economic News:

Nonfarm payrolls rebound
Friday’s US employment report was fairly upbeat, with 211,000 added to payrolls in April versus a downward revised 79,000 in March. The unemployment rate fell to a 4.4%, a 10-year low, though average hourly earnings were restrained, rising a less-than-expected 2.5%. The report paves the way for likely rate hikes from the US Federal Reserve at its June meeting. The Fed earlier this week held rates steady but said weakness in the US economy in the first quarter was likely transitory.

Macron holds formidable lead ahead of Sunday’s vote
Thirty-nine-year-old centrist Emmanuel Macron, seeking elective office for the first time, looks poised to win the French presidency on Sunday. He leads right-wing populist Marine Le Pen by an average of 20 points in opinion polls. The same polls proved quite accurate in the election’s first round, and showed that Macron bested Le Pen in Wednesday’s head-to-head debate. If Macron wins, as expected, two-round parliamentary elections in June will be critical for his fledgling En Marche! party, which will have to cobble together a working majority to allow Macron to govern effectively.

UK–EU divide widens ahead of negotiations
Explosive media reports this week documenting a meeting on 26 April between Prime Minister Theresa May and European Commission president Jean-Claude Juncker show just how far apart the two sides are before Brexit negotiations begin in earnest. While the United Kingdom hopes to negotiate the terms of its divorce from the European Union and its future trade relations in parallel, the EU has made clear that exit terms must be well on their way to being ironed out before it will entertain trade talks. Also in dispute is how large a bill the UK will have to foot to exit the EU. Numbers as high as €100 billion were floated in the media this week. Prime Minster May will lead her party into elections on 8 June, so the public spat with the EU this week comes at a fortuitous time for her, as it plays well to the anti-EU faction of the UK electorate.

European economy kicks into gear
Economic growth in the Eurozone grew at an annualized pace of 1.8% in the first quarter of 2017, outstripping US growth, which was an anemic 0.7% annualized rate over the same period. Purchasing managers' indices reported this week suggest that European growth might be accelerating further.

Health care reform bill emerges from US House
After months of Republican infighting, a bill to repeal and replace Obamacare emerged from the US House of Representatives this week. The bill will likely face a stiff challenge in the Senate, where lawmakers will attempt to fashion a bill under the so-called reconciliation rule that won’t require 60 votes for consideration. A Senate vote on the measure is expected to be some months away.

GLOBAL CORPORATE NEWS

Largest-ever US municipal bankruptcy for Puerto Rico
Puerto Rico filed for a form of bankruptcy this week. The territory is weighed down by approximately $75 billion in debt, making the filing the largest in US history. Detroit’s $9 billion filing held the previous record. A decade-long recession, a shrinking population and a dramatically underfunded pension system forced the territory to seek protection from creditors.

As of 3 May, 357 of the 500 constituents of the S&P 500 Index have reported earnings for the first quarter. Earnings are expected to increase 14.2% from a year ago. Stripping out energy, earnings growth is 10%. Revenues for the quarter are expected to increase 7.2%. Ex energy, they are seen up 5.3%. The next-twelve-months earnings estimate for the S&P 500 is 17.7x.

NEW 52-WEEK HIGH BSE (A):

 

ALBK

90.30

ANDHRABANK

76.10

ARVIND

426.15

NEW 52-WEEK LOWS BSE (A):

LUPIN

1248.30

RELIGARE

183.00

MAJOR WEEKLY GAINERS IN BSE A CATEGORY(%):

GODREJ PROP

14.00

SREI INFRA

13.92

COROMANDEL INTE.

13.21

CANBK

11.22

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

TATA COMMUNICATION

-11.24

IPCA LABS

-9.62

RELIANCE COMMU

-9.57


Eyes will be set on the certain US economic data releases are:

Monday (08May)

Labor Market Conditions

Tuesday (09 may)

NFIB Small Bussiness

Wednesday (10May)

MBA Mortgage Applications

Thursday (11 May)

Jobless Claims& Fed Balance Sheet

Friday (12May)

Consumer Price Index

Fundamental Pick of the week:

Buy Hindustan Unilever Ltd For Target Rs.1,020.00

Derivative Ideas

* Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch company Unilever which owns a 67% controlling share in HUL as of March 2015 and is the holding company of HUL. HUL's products include foods, beverages, cleaning agents, personal care products and water purifiers.

* On the charts, it has marginally retraced from its 52-week high i.e. 954 and has formed a fresh buying pivot after consolidating in a narrow range.The chart looks upbeat from hereon and we believe that the prevailing momentum will continue ahead as well and expect of making a new record high soon.

TECHNICAL VIEW:

S3

S2

S1

NIFTY

R1

R2

R3

9,150

9,230

9,270

9,285.30

9,365

9,410

9,450


As expected Nifty consolidated and traded in a narrow range of 107 points throughout the week but hits new all time high by 10 points on the back of strong up-move in Banking stocks like ICICI Bank and PSU banks as the new ordinance to resolve the bad loans kept the sector in momentum. The result season was mixed with strong performance from ICICI Bank, HDFC, and Marico while muted results from Biocon, Bharat Finance, Dabur and JSW Energy.  Core sector output rose by 5% in March, recovering from the one-year low growth rate of 1% in February keeping the industrial segment in focus. Global markets also remained flat as FOMC kept the interest rates unchanged, hinting at hikes in the next meeting in June. Commodities continued to remain under pressure with dollar index trading at sub 100 levels.

 Nifty has ended flat down by 0.3% after hitting a new all time high at 9377 reversing the entire week gains on Friday to close at 9,285 levels.  There was sharp profit booking in high beta sectors and stocks during the week. Metals, Energy and Auto declined by 4.1%, 2.8% and 1.5% respectively, while IT and Bank Nifty gained by 1.4% and 1%, respectively for the week. CNX Midcaps and Small cap ended flat to negative after hitting an all time high. 

Conclusion:

We continue to believe markets would consolidate and also expect some correction to fill the gap level which was left near 9,225 levels. It could head for large correction if 9,000 gets broken on the downside as it is a very important level placed since the start of the up move from January 2017.  The option data also continues to suggest a strong support at 9000 with an OI of 50 lakhs shares in put options. On the upside 9400 has the highest OI of 55 lakhs shares in call options.  

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Nowadays you would find that people wish to get themselves involved in extra or part time activities that help them to earn some extra bucks apart from their business or office work. There are some sections of people who try to get involved in the shares and stocks. If you are too willing to invest in the stock market then you should know that you have to understand the different concepts that are associated with the market. There might be times when you would find that you have lost all your money even after getting the right type of research of the market. This is because stock market is full of risks and if you are someone who cannot handle risks in the market then you should not invest in the stock market. There might be times when you would get huge profits from the investment made in the stocks. So here you would be glad to have chosen the right stocks for you in the market. You have to make sure that unless you have all the knowledge of the market, you should not try to invest all your money in the market. So efforts should be taken in order to know how to go for winning your cash in the stock market

 

Can stock market be predicted?

Well you would find some people who try to make some prediction on the stock market. But you should know that one can never predict the stock market. There are some experts who try to make some guesses on the different stocks with the help of fundamental and technical analysis. But here too their prediction is not 100% correct. So you have to make sure that you do not try to make any prediction of the market. There are also some investors who try to have a look at the past performances of the different stocks. But you should know that the performances of the stocks always changes and so you cannot know whether the stock that have shown good performances in the past would continue to do the same today. Therefore the best thing that you can do in order to keep updates of all the latest information of the market is to watch the daily business news or read the daily newspaper. In this way you can keep good track of the market. Well you can also have a look at the stock charts or tables where you would come to know about the positions of the different stocks in the market.         You can also get good knowledge of the stocks by visiting different websites that gives updates on the market and its conditions.

 

Try to understand your investment goal

You should also try to know which type of stocks would be beneficial for you. There are both profitable and non profitable stocks that you can find in the market and so you need to know how to differentiate between these two types of stocks in the market. You have to decide whether to go for long term or short term investment in the market. If you feel that it would be more profitable for you to go for short term investment then you can go for day trading. But before you wish to go for this type of trading you should know the amount of risks that are involved. So you have to keep both your eyes open and look for the best profitable income by investing in the best stocks from the market.

 

Gain good confidence

Gaining good confidence from the market is very important in order to get the right type of stocks in the market. Even if you wish to go for online share trading then you should make sure that you have all the knowledge on how to buy or sell stocks and also how to select the best stocks for you from the market. If you happen to commit a small mistake then you would have to lose all your money. Thus you should always try to know how to go for winning your cash in the stock market

US stocks recover intraday losses as Oil hits 6 month lows, undertone remains cautious as all eyes on jobs data due today with yields rising despite weakness in commodities.

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Indian Indices: Asian indices opened flat as most markets recovered intraday losses yesterday and will trade with caution ahead of the jobs data from the US and weakness in energy stocks. With the Japanese 'Nikkiei' closed for holidays the other markets are seeing huge divergences with the Chinese index losing ground while South Korea and India hitting new highs daily.


Nifty saw a strong break above 9350 with PSU banks and large corporate lenders leading even while commodity stocks lead the decline. Foreign investors selling continues to be a dampener with now 'euphoric' local mutual funds buying sending mid and small cap stocks into extremely stretched valuation zones. For today, expect Nifty to settle around all time highs while mid-cap stocks to continue to outperform with financials being the clear outperformers.


The BSE Sensex is currently trading at 29977.95, down by 148.26 points or 0.49% after trading in a range of 29972.13 and 30176.55. There were 10 stocks advancing against 20 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index declined 0.23%, while Small cap index was down by 0.07%.

The CNX Nifty is currently trading at 9319.65, down by 40.25 points or 0.43% after trading in a range of 9317.05 and 9377.10. There were 17 stocks advancing against 34 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Federalbnk

119.35

6.18

Canbk

409.35

5.22

CentralBak

115.60

5.14

Finolexind

577.00

4.30

Group ATopLosers

 

 

HCC

43.80

-5.71

Tatacomm

668.05

-5.20

Vedl

222.00

-4.50

Hindalco

185.70

-3.48

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29940

30151

Nifty

9320

9365

 

Technical view: Nifty now finds strong support around 9300 while 9400 will be the first resistance on the upside. Bank Nifty is in blue sky territory and can see 23000 where there will be resistance, while 22500 will act as strong support on the downside.


 

Pidilite Industries (BUY Above 740 for Target of 760, Stop Loss at 725): The stock has broken out from a consolidation phase on the daily chart. The breakout has been accompanied with smart increase in volumes. Other oscillators are indicating that the current momentum is likely to prolong. We advise to Buy Pidilite for Target of Rs 760. Keep strict Stop Loss at Rs 725.


Derivative Snippets

Baba Ramdev-led Patanjali clocked a turnover of Rs 10,561 crore in 2016-17 and intends to become the largest Swadeshi company in the next 1-2 years. It aims to double its turnover and will invest about Rs 5,000 crore in setting up five new plants.

In the last trading session, markets continued to surge higher as ICICI Bank shimmered. Nifty Bank Future continued to form long positions as the open interest surged higher along with rising cost of carry. Huge short selling was witnessed in Nifty Bank 22500 monthly expiry put option strike along with long formation in 23000 call option strike, indicating of a continuation of this up trend.

FIIs were net sellers in cash market segment to the tune of Rs 601 Cr.FII’s index future long/short ratio at 4.3x vs 5x.

 

Nifty Movers: The top gainers on Nifty were Asian Paints up by 1.62%, Eicher Motors up by 1.27%, Indiabulls Housing up by 1.11%, Adani Ports up by 1.09% and Coal India up by 1.09%. On the flip side, Hindalco down by 4.13%, GAIL India down by 2.12%, ONGC down by 2.01%, Infosys down by 1.29% and Larsen & Toubro down by 1.27% were the top losers.

 

Top Sectoral& Stock Screening: The few gaining sectoral indices on the BSE were Consumer Durables up by 1.14%, Consumer Disc up by 0.17%, Bankex up by 0.05% and Energy up by 0.04%, while Metal down by 1.75%, Basic Materials down by 1.03%, FMCG down by 0.91%, Capital Goods down by 0.88% and Utilities was down by 0.74% were the top losing indices on BSE.

 

 

On the global front: On the global front, Asian markets were exhibiting mixed trend, with the Chinese market sliding for the fourth consecutive day, approaching near a level that would wipe out all of this year’s gains. The US markets remained in consolidation mood and made another flat closing in the last session.

 

Global Signals: Asian markets were trading mixed; FTSE Bursa Malaysia KLCI rose 3.2 points or 0.18% to 1,761.87, Jakarta Composite increased 8.73 points or 0.15% to 5,678.17 and KOSPI Index was up by 21.57 points or 0.97% to 2,241.24.

On the flip side, Hang Seng declined 287.03 points or 1.16% to 24,396.85, Taiwan Weighted decreased 47.02 points or 0.47% to 9,920.62 and Shanghai Composite was down by 21.27 points or 0.68% to 3,106.10.

 

US indices close flat as Fed leaves rates unchanged, commodities fall sharply as US Dollar gains ground with bond yields trading below 2.3%

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Indian Indices: Asian indices opened flat to mildly negative as US stocks closed almost unchanged after the US Federal Reserve left rates unchanged. Commodities had their biggest fall in recent times with the LME hitting fresh 3 month lows as copper prices plunged to 6 month lows. US Dollar saw return of strength as bond yields fell while oil prices also fell from intraday highs to close flat.

  

Nifty saw very narrow movements on Wednesday as markets lacked direction with 9350 being the proverbial turning point. Foreign investors booked profit while local mutual funds continued to buy with conviction. For today expect range bound trade with stock/sector movements being the order of the day as mid-cap profit booking seems to be on the cards.


The BSE Sensex is currently trading at 30085.00, up by 190.20 points or 0.64% after trading in a range of 30027.41 and 30098.82. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices too were going neck-in-neck to the benchmarks; the BSE Mid cap index was up by 0.53%, while Small cap index gained 0.57%.

The CNX Nifty is currently trading at 9350.55, up by 38.60 points or 0.43% after trading in a range of 9341.25 and 9361.40. There were 26 stocks advancing against 25 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

IOB

31.60

8.78

ICICIBanK

295.90

8.49

CentralBak

109.90

5.32

Amtekauto

39.85

3.91

Group ATopLosers

 

 

Intellect

132.20

-4.93

Hathway

42.40

-3.42

Vedl

232.35

-3.23

DLF

184.85

-2.94

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29940

30151

Nifty

9320

9365

 

Technical view: Nifty found strong support around 9270 while 9350 acts as resistance, any break either side will see the Nifty move higher or lower. Bank Nifty made lower lows and hit 22240 which should be the support while 22450 will act as minor resistance on the upside. 


 

VIP Industries (BUY Above 210 for Target of 221, Stop Loss at 204.5): After consolidating for over four weeks, the stock has finally broken out from a Symmetrical Triangle Pattern on the daily chart. The price outburst has been accompanied with smart uptick in traded volumes. Even the RSI has reversed from the 60 mark indicating strength in the current price up move. We recommend to buy VIP Industries for target of Rs 221.


Derivative Snippets

Godrej Properties, has sold over 1,000 apartments across three new project launches - Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida, and Godrej 24 at Hinjawadi, Pune - since March 2017.

In the last trading session, markets ended on a lacklustre note. PSU Banks took center stage as the Government gave positive signals on creation of Bad Bank to deal with NPA issues.Muted action was seen in Nifty option strikes as markets remained flat. Weekly Nifty Bank OTM option strikes remained under selling pressure, indicating of a range bound activity in today’s expiry day trading session.

FIIs were net sellers in cash market segment to the tune of Rs 518 Cr.FII’s index future long/short ratio at 5x vs 5.2x.

Nifty Movers: The top gainers on Nifty were ICICI Bank up by 8.71%, Bank Of Baroda up by 1.90%, Indiabulls Housing up by 1.90%, SBI up by 1.74% and AurobindoPharma up by 1.71%. On the flip side, Hindalco down by 2.49%, Kotak Mahindra Bank down by 1.39%, BPCL down by 1.29%, Tata Motors down by 1.25% and Indian Oil Corp. down by 1.03% were the top losers.

Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were Bankex up by 1.63%, Consumer Durables up by 1.19%, Capital Goods up by 0.74%, Healthcare up by 0.48%, PSU up by 0.47%, while Metal down by 0.93%, Realty down by 0.30%, Oil & Gas down by 0.22%, Auto down by 0.22%, IT down by 0.13% were the losing indices on BSE.

 

 

On the global front:The rupee though has made a marginally weak start against the US dollar after the US Federal Reserve kept interest rates unchanged and also signaled a further rate hike. The domestic steel stocks too are showing signs of strength despite the global metal stocks remaining under pressure amid inventory concerns in industrial metals. The government has approved a new policy that envisages Rs 10 lakh croreinvestment to create more capacity in the steel sector.

 

Global Signals:Most of the Asian markets were in red, Hang Seng decreased 101.43 points or 0.41% to 24,594.70, FTSE Bursa Malaysia KLCI declined by 14.58 points or 0.82% to 1,757.93, Shanghai Composite was lower by 1.6 points or 0.05% to 3,133.75 and Taiwan Weighted was down by 1.48 points or 0.01% to 9,953.85.On the other hand, KOSPI Index was up by 16.1 points or 0.73% to 2,235.77 and Jakarta Composite gained 16.59 points or 0.29% to 5,663.95.

 

SENSEX, NIFTY VOLATILE; IT, PSU BANKS STOCKS RALLY; FED MEET EYED

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Indian Indices: Mirroring weak European and Asian markets, Indian equity benchmarks continued their lackluster trade in late afternoon session on the back of selling pressure in Healthcare, Oil & Gas and Metal stocks. Besides, investors remained cautious ahead of the outcome of the two-day US Federal Open Market Committee (FOMC) meet, due later in the evening. 

The Fed is widely expected to stand pat on interest rates, but may offer hints on the possibility of a rate hike in June. Back on domestic turf, sentiments remained downbeat with the UN report projecting that India’s growth to remain stable at 7.1% in 2017 before edging up to 7.5% in 2018. It further stated that if the US policies take a very severe protectionist turn and the trend spreads, the India’s growth could be affected by as much as 1.2 per cent in the coming years. 

However, down side remained capped with the report that Prime Minister NarendraModi is reviewing the progress of the government’s agenda to curb black-money and tax evasion as well as the roll out of the Goods and Services Tax (GST).

The BSE Sensex is currently closed at 29894.80, down by 26.38 points or 0.09% after trading in a range of 29867.14 and 30020.59. There were 14 stocks advancing against 15 stocks declining on the index, while 1 stock remained unchanged.The broader indices were trading in red; the BSE Mid cap index was down by 0.39%, while Small cap index was down by 0.02%.

The CNX Nifty is currently shut down at 9311.95, down by -1.85 points or 0.02% after trading in a range of 9298.40 and 9346.30. There were 26 stocks advancing against 25 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

SREInfra

103.80

10.37

Intellect

137.50

9.61

Raymond

788.75

8.78

Godrejprop

541.80

7.27

Losers

 

 

Biocon

1035.50

-4.75

SunTV

883.20

-4.36

Ipcalab

563.00

-4.25

Amtekauto

38.40

-4.24

INDEX PERFORANCE

 

 

Index

Close

% Chg

Sensex

29,894.80

-0.09

Nifty

9,311.95

-0.02

Crporate Front: The government is expected to come out with regulations for fintech (financial technology) space as the industry is likely to witness increased payments and lending activities, a study said. With payments and lending remaining priority areas, fintech interest grew in India during January-March quarter of 2017, global consulting firm KPMG said in its report.

 

Macroeconomic front: The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $160 million to finance a power project in India, the bank said on Wednesday. The project, co-financed with the World Bank, is part of the government's "24x7 Power for All programme" and will strengthen the power transmission and distribution system in Andhra Pradesh, Xinhua news agency reported.

On the global front:

On the global front, European markets were trading in red as investors digested the latest in Brexit negotiations and corporate earnings. Asian markets were also trading in red. Back home, in scrip specific development, Thomas Cook India traded higher after the company’s wholly owned subsidiary- Travel Corporation (India) entered into Joint Venture (JV) Agreement with DER Touristik Group to form a Joint Venture Company ‘TCI Go Vacation India’ to be operational from Delhi NCR. 


Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28547.00

-0.12

Silver

38673.00

-0.04

Crude oil

3092.00

0.16

Natural Gas

204.90

0.15

Alluminium

123.40

-0.28

Copper

367.85

-2.19

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were IT up by 1.19%, Realty up by 1.02%, TECK up by 0.80%, Telecom up by 0.26% and Basic Materials up by 0.20%, while Healthcare down by 0.89%, Oil & Gas down by 0.83%, Metal down by 0.77%, Energy down by 0.51% and Bankex down by 0.45% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were BhartiInfratel up by 2.63%, Power Grid Corporation up by 2.31%, Ultratech Cement up by 2.12%, TCS up by 2.04% and Infosys up by 1.06%. On the flip side, Lupin down by 2.78%, AurobindoPharma down by 2.06%, Tata Power down by 1.73%, Zee Entertainment down by 1.67% and Hindalco down by 1.50% were the top losers.

 

 

Global Signals:

Asian markets were trading mostly in red; Jakarta Composite decreased 22.85 points or 0.4% to 5,652.96, Shanghai Composite decreased 8.37 points or 0.27% to 3,135.35 and FTSE Bursa Malaysia KLCI decreased 6.33 points or 0.36% to 1,772.14. On the flip side, Taiwan Weighted increased 14.06 points or 0.14% to 9,955.33 and KOSPI Index increased 14.23 points or 0.65% to 2,219.67.

All the European markets were trading in red; Germany’s DAX decreased 28.52 points or 0.23% to 12,479.38, UK’s FTSE 100 decreased 23.68 points or 0.33% to 7,226.37 and France’s CAC decreased 15.83 points or 0.3% to 5,288.32.

 

 

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Do you know that even a wrong attempt in choosing the non profitable stocks from the market might make you lose all your invested money in the market? Well, it is quite important to get the right type of stocks from the market by making the best research of the different stocks present in it. It is also important to make or decide all your investment in the stocks without any help from your friends as they might provide you information that is not right or outdated. So in this case you have to be very positive when you look forward to get the best type of stocks from the market. When you feel that the conditions of the stock market are not good then you should try to wait for a certain period of time and then invest in the share market accordingly. You should also be able to look at the past performances of the stocks so that you can have a good idea on the best stocks that you would be able to make the best income. If you are not ready to incur any loss or take any sort of risks then you should not try to invest in the market. This is because you need to know that the stock market is always full of risks and so there might be times when you find that you have got good amount of money and again in the course of time you would find that there was very heavy loss in your investment. Due to this unpredictability nature most of the people do not dare to invest in the stock market. Thus in order to make yourself more knowledgeable you need to get the proper information of the stocks and then try to invest in the stocks according to your requirement in the market.  Having the proper updates of the market can help you remain confident in the stocks and you would be able to get the best benefits out of it. You can also get to find stock charts that help you to look at the current positions of the different stocks. So in this case you should try to gather good knowledge on how to find the right stocks by researching the stock charts?

 

Try to research the stocks online

If you are not knowledgeable about the market then it would be quite difficult for you to get the best stocks from the market. You can also try to make a good insight into the market by knowing the past performances or history of the different stocks in the market. If you try to make any prediction then you would not be able to get hold of the stocks from the market. So in this case you have to know that unless you are quite clear of the stock market you would not be able to get the right type of profit. So in order to play safe in the stock market you need to find out whether you are willing to invest for your long term or short term. So you need to act accordingly in the market and make the right type of profits from the shares and stocks. Never try to make any mistakes in the market as it would ruin you financially and make you lose the entire amount of money that you have invested in the different stocks.

 

Put your best efforts in the market

You need to put the right type of efforts in the market in case you are serious about your stock investment in it. If you fail to choose the best investment for you then there would be a huge loss and so you need to know how to avoid making any mistakes in the market. You also need to identify the right type of stocks and also try to watch the daily business news. When you look at the stock charts you would be able to decide the best stocks for you. Thus you have come to know how to find the right stocks by researching the stock charts?

SENSEX INDICES RANGEBOUND WITH POSITIVE BIAS; NLS, SUN TV TOP MIDCAP GAINERS.

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Indian Indices: Indian equity benchmarks continued to trade in positive territory with small gains in late afternoon session amid lack of clear direction from global markets. Investors remained optimistic with the private report that a normal monsoon this year should continue to revive rural demand and allow the Reserve Bank of India (RBI) to cut rates by 0.25 percent in August. 

Some support also came with the report that investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to 4-month high of Rs 1.78 lakh crore at the end of March despite stringent norms put in place by Sebi to curb inflow of illicit funds. Besides, select public sector banking stocks were trading higher with the ICRA’s report that the RBI’s recent revision in the prompt corrective action (PCA) framework is positive for banking sector, given the operating and financial profile of some of the banks. 

However, some caution prevailed over the ongoing fourth quarter results season, coupled with weak rupee against dollar. The rupee was trading at 64.62, 6 paise weaker from its previous close of 64.58 on Wednesday.

The BSE Sensex is currently closed at 29422.39, up by 85.82 points or 0.29% after trading in a range of 29341.68 and 29453.06. There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.51%, while Small cap index was up by 0.97%.

The CNX Nifty is currently shut up at 9136.40, up by 32.90 points or 0.36% after trading in a range of 9102.65 and 9143.90. There were 31 stocks advancing against 20 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Adanitrans

81.35

7.04

Concor

1120.15

6.50

ABB

1380.55

6.14

Edelweiss

181.55

5.98

Losers

 

 

JPassociat

12.93

-7.58

Unitech

5.68

-5.96

Religare

218.35

-5.17

Cox & King

212.0

-4.13

INDEX PERFORANCE

 

 

Index

Close

% Chg

Sensex

29,422.39

0.29

Nifty

9,136.40

0.36

Crporate Front:

India Ratings and Research (Ind-Ra), a leading rating agency, has estimates that Rs 560 billion out of total debt of Rs 1,730 billion could be refinanced at a lower borrowing cost across various infrastructure sub-sectors in its portfolio till FY19. Also, there could be a shift in the type of instruments issued for the purpose of raising capital in the sector largely to the capital market instruments, namely bonds, from the conventional term loans, said the rating agency.


 

Macroeconomic front:The Reserve Bank of India on Thursday fixed the reference rate of the rupee at 64.6364 against the US dollar and 69.3355 for the euro. The corresponding rates were 64.5443 and 69.1915 on Wednesday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.8057 and 59.35 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

On the global front:

On the global front, European markets were trading in green as investors continued to weigh current political uncertainties and digested fresh corporate earnings. Asian markets were trading mixed. Back home, in scrip specific development, Network18 Media & Investments was trading higher after the company received an in-principle approval to sell/ transfer/ otherwise dispose off or transfer BURRP to any other entity including a related party/ getting a strategic investor.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

29225.00

-0.27

Silver

41862.00

-0.09

Crude oil

3322.00

-0.48

Natural Gas

206.40

-0.53

Alluminium

124.45

1.02

Copper

363.95

0.75

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 1.87%, Consumer Durables up by 1.19%, Basic Materials up by 1.12%, Consumer Disc up by 0.75% and Industrials up by 0.68%, while Bankex down by 0.47%, Energy down by 0.42%, Telecom down by 0.37%, Oil & Gas down by 0.32% and Healthcare down by 0.20% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Grasim Industries up by 4.73%, Bank of Baroda up by 2.32%, Indiabulls Housing Finance up by 2.15%, GAIL India up by 2.01% and HDFC up by 2.00%. On the flip side, Yes Bank down by 3.98%, ICICI Bank down by 2.16%, Indian Oil Corporation down by 1.99%, Tata Power down by 1.93% and Axis Bank down by 1.76% were the top losers.

 

Global Signals:

Asian markets were trading mixed; Shanghai Composite increased 1.41 points or 0.04% to 3,172.10, FTSE Bursa Malaysia KLCI increased 3.62 points or 0.21% to 1,742.57, KOSPI Index increased 10.75 points or 0.5% to 2,149.15 and Hang Seng increased 231.1 points or 0.97% to 24,056.98. On the flip side, Jakarta Composite decreased 11.43 points or 0.2% to 5,595.09, Taiwan Weighted decreased 7.25 points or 0.08% to 9,632.69 and Nikkei 225 decreased 1.71 points or 0.01% to 18,430.49.

All European markets were trading in green; UK’s FTSE 100 increased 1.64 points or 0.02% to 7,116.00, Germany’s DAX increased 2.54 points or 0.02% to 12,018.99 and France’s CAC increased 30.92 points or 0.62% to 5,034.65.

 

 

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