Tuesday 2 April 2019

IDEAL STOCK MARKET UPDATE | CALLS UPDATE ON 2nd OF APRIL

KINDLY BOOK AND CLOSE POSITION IN BHARATFORG @ 514.30-514.80 , AT COST ABOVE (MARKET NEAR CLOSING TIME, RISKY TRADERS HOLD BHARATFORG ON YOUR RISK BEHALF , THIS CALL OUR BTST CALL OUR UPPER SIDE TGT @ 520-522)

KINDLY BOOK AND CLOSE POSITION TATA GLOBAL @ 213 - 213.50 (MARKET NEAR CLOSING TIME , TODAY HIGH @ 214.70,RISKY TRADERS BOOK SOME SHARES AND WAIT FOR TGT @ 215.80-216.50, IF YOU WANT HOLD ON YOUR RISK BEHALF)

KINDLY SAFE TRADERS BOOK AND CLOSE POSITION IN CANRABK @ 295.50-296 (OUR AVG. LEVEL @ 295, MARKET NEAR CLOSING TIME, BANKING STOCK UPPER TREND, NEAR TRADING SESSION CANBK TGT @ 320/340, RISKY TRADERS ON YOUR RISKY BEHALF HOLD AND WAIT FOR TGT @ 301/305)

KINDLY BOOK MORE PROFIT IN BAJAJ AUTO @ 2855, OUR 2ND TGT HIT (MADE NEW LOW @ 2851) OUR BAJAJ AUTO SEL CALL ROCKSSSSSS

KINDLY SAFE TRADERS BOOK AND CLOSE POSITION IN ASHOKLEYAND 85 PE OPTION @ 2.10 (THIS TIME GET AROUND @ 800/- PER LOT PROFIT)

KINDLY RISKY TRADERS BOOK REMAINING LOT IN BAJAJAUTO 2800 PE OPTION @ 57 ,OUR TGT HIT (MADE NEW HIGH @ 58.35) OUR BAJAJAUTO 2800 PE OPTION ROCKSSSSSS

KINDLY BOOK PART PROFIT IN BANKNIFTY 30200 PE OPTION (25 APRIL) , OUR 1ST TGT HIT @ 525(RECENTLY MADE NEW UP LEVEL @ 527.25)

KINDLY SAFE TRADERS BOOK PART PROFIT IN BAJAJAUTO @ 53.80 54.50 , AND REVISE STOPLOSS AT COST TO COST @ 47, AND RISKY TRADERS BOOK 90% LOT AND REMAINING LOT WAIT FOR TGT @ 57)

LICHSGFIN FUT HIT 1ST TGT 556 BOOK SOME PROFIT

INDUSINDBK 1800 CALL OPTION HIT 1ST TGT 56 BOOK SOME PROFIT

RELIANCE FUT HIT 1ST TGT 1410 BOOK SOME PROFIT

KINDLY BOOK PART PROFIT IN BAJAJ AUTO @ 2870 , OUR 1ST TGT HIT (MADE NEW LOW @ 2965.55, BAJAJ AUTO DOWN SIDE LEVEL @ 2850/2838)

HCLTECH 1080 PE OPTION @ 23.10 ,KINDLY RISKY TRADERS BOOK REMAINING LOT

KINDLY BOOK PART PROFIT IN ASHOK LEYLAND @ 88.90 , OUR 1ST TGT HIT @ (MADE NEW LOW @ 88.85)

KINDLY SAFE TRADERS BOOK PART PROFIT IN HCLTECH 1080 PE OPTION @ 22.85 , OUR ALMOST 1ST TGT HIT @ 23 (RISKY TRADERS BOOK 90% LOT AND REVISE STOPLOSS AT COST @ 20 AND WAIT FOR TGT @ 23)

KINDLY ONE TIME BOOK AND CLOSE POSITION IN BANKNIFTY FUT. @ 30420-30425 AT COST TO COST (WAIT FOR ANOTHER CALL, OUR CALL GIVEN AFTER MADE NEW UP LEVEL @ 30450,M OUR TGT @ 30460)

KINDLY SAFE TRADERS BOOK AND CLOSE POSITION IN ADANIPOWER @ 49.10 -49.20

KINDLY SAFE TRADERS BOOK AND CLOSE POSITION N DIVISLAB FUT. @ 1743-1744


Monday 1 April 2019

IDEAL STOCK MRKET UPDATE | DERIVATIVE REPORT ON DAILY BASIS

NIFTY FUTURE OUTLOOK :-
MAINTAIN POINT TO YESTERDAY TO TOMORROW
DOLLAR/INR OPEN TO POSITIVE AS COMPARES YESTERDAY TO TOMORROW.
NIFTY FUT. YESTERDAY CLOSING 11730.00,AND NIFTY OPEN 11763.95 TODAY NIFTY FUT. OPEN GAP UP.
BANK NIFTY FUTURE OUTLOOK MAINTAIN POINT TO YESTERDAY TO TOMORROW .
DOLLAR/INR OPEN TO POSITIVE AS COMPARES YESTERDAY TO TOMORROW.
BANK NIFTY FUT:-
YESTERDAY CLOSING 30395.25, AND BANK NIFTY OPEN 30501.10, TODAY BANK NIFTY FUT. OPEN GAP UP OPEN.
INTRADAY TRADERS ARE ADVISED TO BANK NIFTY. FUT. RANGE BOUND TODAY RANGE 29800– 31000.

NIFTY TOP GAINERS

NIFTY TOP LOSERS
TODAY TOP NEWS UPDATE:-
DRREDDY SELLS SPECIALTY DERMA BRANDS IN US TO ENCORE DERMATOLOGY.
RUPEES/DOLLAR OPEN AT 69.2700 PER DOLLAR.
NIFTY AND BANK NIFTY FUTURE TODAY RANGE BOUND.

TODAY NIFTY FUTURE LEVEL
NIFTY OUTLOOK:-
OUR TECHNICAL CHART SHOWN IN 1 HOURS OR 4 HOURS CHARTS SHOW NIFTY FUTURE TODAY RANGE BOUND 11610 -11840.
BUY NIFTY FUT. B/W 11680-700 TGT 11840 STOPLOSS 11610


IDEAL STOCK MRKET UPDATE | MARKET OPENS

Indian indices opened higher on Tuesday with Nifty around 11,700 level.

At 09:16 hrs IST, the Sensex is up 86.98 points or 0.22% at 38958.85, and the Nifty up 9.70 points or 0.08% at 11678.90. About 505 shares have advanced, 169 shares declined, and 43 shares are unchanged. 

The major gainers are Eicher Motors, Dr Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech.

Among the sectors, IT, Infra, FMCG, energy are trading higher, while some selling seen in the metal and banking stocks.

Rupee Opens:
The Indian rupee slipped in the early trade on Tuesday. It opened lower by 12 paise at 69.27 per dollar versus Friday's close 69.15.

Global Market :
Asian markets trade higher :

Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months.

SGX Nifty:
Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,751-level on the Singaporean Exchange.

US markets end higher :
US stocks rallied on Monday, starting off the second quarter on a strong note, as upbeat manufacturing numbers from China and the United States eased worries about slowing global growth.

Here are stocks that are in the news today:

March Auto Sales:
Tata Motors

Total domestic sales up 16% at 68,709 units Vs 5,86,507 units, YoY
TVS Motor

Total sales at 3,25,345 units against 3,26,667 units (YoY)

Eicher Motors
Total sales down 20% at 60,831 units Vs 76,087 units. appoints Vinod K. Dasari as Chief Executive Officer of Royal Enfield
Hero MotoCorp

Total sales at 5,81,279 units

Karnataka Bank: Bank targets Rs 1,44,000 crore business turnover for FY20.

Cipla's wholly owned subsidiary in USA i.e. Cipla Technologies LLC, has signed a binding term sheet today with Pulmatrix Inc

Banswara Syntex: CRISIL has extended its rating in respect to the total bank loan facilities of the company - long-term rating at BBB/Stable and Short-Term Rating at A3+.

Elantas Beck India: Board appointed Srikumar Ramakrishnan as President of the Company, M Srikumar Ramakrishnan will be appointed as successor of M Ravindra Kumar, Managing Director in due course.
Reliance Industries
Digital Fibre Infrastructure Trust has acquired control of Jio Digital Fibre Private Limited (JDFPL) by purchasing 51% of the equity share capital of JDFPL for a consideration of Rs 262.65 crore

Tower Infrastructure Trust has acquired control of Reliance Jio Infratel Private Limited (RJIPL) by purchasing 51% of the equity share capital of RJIPL for a consideration of Rs 109.65 crore

Tata Power : Tata Power SED handed over indigenous combat management system to Indian Navy.

Moil has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.04.2019

Maruti Suzuki announced a price increase upto Rs 689 (Ex- Showroom - Delhi) across models on account of regulatory compliances.

M&M: Company set up armoured vehicle unit in Jordan.

Taneja Aerospace & Aviation: Company has received upgraded credit rating of C for its long term bank facilities and A4 for short term bank facilities from the credit rating agency, CARE Ratings Limited.

NMDC: lnspite of suspension of Donimalai Mine operations for 5 months, no exports upto August 2018, highest rainfall in Bailadila Sector and poor off take in Karnataka in 01, NMDC has produced 32.44 MT and sales of 32.38 MT iron ore during FY-19.

Cyient: Delivery of order worth $5 million delayed due to delay in regulatory clearances. "We see decline in January-March revenues due to order delay and see marginal QoQ growth of 1-2 percent in services."

IDBI Bank: Bank seeks transaction advisor for divestment of stake in IDBI Asset Management.

Godrej Properties: Company sold over 2,900 homes with a booking value in excess of Rs 2,100 crore in Q4 FY19

Gateway Distriparks: Company completed acquisition of entire stake held by Blackstone in arm for Rs 850 crore on March 29.

Bajaj Healthcare fixed April 10 as record date for the purpose of bonus shares

PVR: Company opened 4 screens multiplex at The Celebration Bazaar, Khanna in Punjab and 5 screens multiplex at City Centre Mall, Guwahati in Assam.

Centrum Capital: Company has sold its entire equity holding in its wholly-owned subsidiary company, Centrum Defence System Limited and Centrum Infrastructure Advisory Limited.

Aurobindo Pharma clarified that the value of the products recalled is not material, we have not intimated to stock exchanges

Dr Lal PathLabs: Company unit approved acquisition of Bawankar Pathology.

Jet Airways: DGCA approves summer schedule of company till April 25 - CNBC-TV18.

Zee Media Corporation promoter 25FPS Media sold 13.4 lakh shares on March 1 - CNBC-TV18

Analyst or Board Meet/Briefings :

Coromandel International: Board, on April 23, to consider the audited financial results of the company for the year ended March 2019.

Bajaj Consumer Care: Board to consider FY19 results & final dividend on April 9.

Infosys: Company to Announce fourth quarter and annual results on April 12.

MT Educare: Company's officiails will meet Avinash Gorakshkar, Head of Research, Joindre Capital Services on April 2

IDEAL STOCK MARKET UPDATE | CALLS UPDATE ON 1st OF APRIL

MASTEK MADE NEW HIGH @ 473.90, OUR ALMOST FULL TGT HIT , I HOPE RISKY TRADERS BOOK MORE PROFIT OUR BUY CALL MASTEK 

HCLTECH FUT HIT 2ND TGT 1125 MADE A HIGH OF 1125.35 BOOK MORE PROFIT

HCLTECH FUT HIT 1ST TGT 1120 BOOK SOME PROFIT


KINDLY BOOK PART PROFIT IN YESBANK @ 279.50 , OUR 1ST TGT HIT (MADE NEW HIGH @ 280)


DIVISLAB FUT. RECENTLY MADE NEW UP LEVEL @ 1748, OUR HIT TGT, I HOPE RISKY TRADERS BOOK PROFIT IN REMAINING LOT


KINDLY BOOK PART PROFIT IN MASTEK @ 464, OUR 1ST TGT HIT (MADE NEW HIGH @ 464.40) OUR MASTEK BUY CALL 


BHARATFIN FUT HIT 2ND TGT 1109 MADE A LOW OF 1108.20 BOOK MORE PROFIT


KINDLY SAFE TRADERS BOOK PART PROFIT IN DIVISLAB @ 1745-1746 (THIS TIME GET ABOVE @ 4000/- PER LOT PROFIT AND RISKY TRADERS BOOK 90% LOT AND REVISE STOPLOSS AT COST @ 1733.50, DIVISLAB FUT. UPPER SIDE @ 1755-1765-1770, ONLY RISKY TRADERS WAIT SAFE TRADERS BOOK PROFIT) OUR DIVISLAB FUT. ROCKSSSSS


BHARATFIN FUT HIT 1ST TGT 1114 BOOK SOME PROFIT


KINDLY BOOK MORE PROFIT IN TATA STEEL @ 543 , OUR FULL TGT HIT (MADE NEW HIGH @ 543.150 OUR TATA STEEL BUY CALL


KINDLY BOOK MORE PROFIT IN TATA MOTORS 190 CE OPTION @ 7.40 , OUR ALMOST FULL TGT HIT@ 7.50 (MADE NEW HIGH @ 7.40) OUR TATA MOTORS 190 BUY CE OPTION 


KINDLY BOOK MORE PROFIT IN TATA MOTORS 190 CE OPTION @ 7.40 , OUR FULL TGT HIT (MADE NEW HIGH @ 7.40) OUR TATA MOTORS 190 BUY CE OPTION 


KINDLY BOOK PART PROFIT IN BANKNIFTY 30600 PE OPTION (25 APRIL) @ 600, OUR 2ND TGT HIT (CMP @ 601.60) OUR BANKNIFTY 30600 PE OPTION


KINDLY BOOK PART PROFIT IN WOCKPHARMA 480 CE OPTION @ 22 , OUR 1ST TGT HIT (MADE NEW HIGH @ 22) OUR WOCKPHARMA 480 CE OPTION


KINDLY BOOK PART PROFIT IN WOCKPHARMA @ 464, OUR 1ST TGT HIT (MADE NEW HIGH @ 467) OUR WOCKPHARMA BUY CALL ROCKSSSSSS


KINDLY BOOK PART PROFIT IN TATA STEEL @ 537, OUR 1ST TGT HIT (MADE NEW HIGH @ 537.20)


KINDLY BOOK MORE PROFIT IN TATA MOTORS @ 6.60 , OUR 2ND TGT HIT (MADE NEW HIGH @ 6.70) TATA MOTORS ROCKSSSSS


KINDLY RISKY TRADERS BOOK REMAINING LOT IN TATA MOTORS 190 CE OPTION OUR HIT 1ST TGT @ 6.20(MADE NEW HIGH @ 6.70) ROCKSSSSSSS


KINDLY BOOK PRAT PROFIT IN TATA MOTORS 190 CE OPTION @ 5.80, OUR 1ST TGT HIT (MADE NEW HIGH @ 6)

KINDLY SAFE TRADERS BOOK PART PROFIT IN TATA MOTORS 190 CE OPTION @ 6 AND RISKY TRADERS REVISE BOOK 90% LOT AND STOPLOSS AT COST @ 5 AND REMAINING LOT WAIT FOR TGT @ 6.20

KINDLY SAFE TRADERS BOOK AND CLOSE POSITION IN ASHOKLYAND @ 93-93.50


IDEAL STOCK MARKET UPDATE | DERIVATIVE REPORT ON DAILY BASIS

NIFTY FUTURE OUTLOOK:-
MAINTAIN POINT TO YESTERDAY TO TOMORROW
DOLLAR/INR OPEN TO NEGATIVE AS COMPARES YESTERDAY TO TOMORROW.
NIFTY FUT. YESTERDAY CLOSING 11583.05,AND NIFTY OPEN 11719.20TODAY NIFTY FUT. OPEN GAP UP.
BANK NIFTY FUTURE OUTLOOK :-
MAINTAIN POINT TO YESTERDAY TO TOMORROW .
DOLLAR/INR OPEN TO NEGATIVE AS COMPARES YESTERDAY TO TOMORROW.
BANK NIFTY FUT. YESTERDAY CLOSING 30500.05, AND BANK NIFTY OPEN 30594.90, TODAY BANK NIFTY FUT. OPEN GAP UP OPEN.
INTRADAY TRADERS ARE ADVISED TO BANK NIFTY. FUT. RANGE BOUND TODAY RANGE 30300– 31000.

NIFTY TOP GAINERS

NIFTY TOP LOSERS

TODAY TOP NEWS UPDATE:-
TATA MOTORS JUMPS 6% ON EXPECTATIONS OF IMPROVED FINANCIAL RESULTS IN Q4.
RUPEES/DOLLAR OPEN AT 69.2300 PER DOLLAR.
NIFTY AND BANK NIFTY FUTURE TODAY RANGE BOUND.

TODAY NIFTY FUTURE LEVEL

NIFTY OUTLOOK:-

OUR TECHNICAL CHART SHOWN IN 1 HOURS OR 4 HOURS CHARTS SHOW NIFTY FUTURE TODAY RANGE BOUND 11610 -11875.
BUY NIFTY FUT. B/W 11700-11740 TGT 11870 STOPLOSS 11610


Sunday 31 March 2019

IDEAL STOCK MARKET UPDATE | MARKET OPENS

It is a positive start for the Indian indices on Monday with Nifty above 11,650 level.

At 09:18 hrs IST, the Sensex is up 189.65 points or 0.49% at 38862.56, and the Nifty up 53.10 points or 0.46% at 11677.00. About 710 shares have advanced, 222 shares declined, and 46 shares are unchanged. 

Vedanta, JSW Steel, Tata Steel, UltraTech Cement, Adani Ports, Bharti Airtel, Bajaj Auto, Eicher Motors, M&M  are among major gainers on the indices, while losers are Cipla, HCPL, BPCL, IOC, ONGC and Zee Ent.

Except energy, all other sectoral indices are trading higher led by metal, PSU bank, auto, infra, IT and pharma.

Global Markets :
Asian markets trade higher:
Asian stocks rose on Monday, as signs of progress in US-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes.

SGX Nifty:
Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 48.50 points or 0.42 percent. Nifty futures were trading around 11,724-level on the Singaporean Exchange.

S&P 500 index posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China.

The yield curve between three-month bills and 10-year notes turned slightly positive on Friday, after being inverted for a week.

Nikkei Manufacturing PMI data for March will be released on April 2, and Nikkei Services PMI for March on April 4.

Crude Update:
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.

Domestic Markets :
What a week for Indian markets! Nifty rallied 1.4 percent and is now less than 2 percent away from record high while Sensex added 508 points or 1.33 percent in the same period.

Among sectors, Nifty Bank rallied 2.8 percent during the previous week, followed by Nifty Energy and Metal which gained 2 percent each. The broader markets outpaced frontline indices as Nifty Midcap index climbed 2.9 percent.

Macro data is something that will dictate the trend for Indian markets and the possibility of record highs remains strong in the first week of the new financial year.

Most experts expect a cut in the repo rate of up to 25 basis points. According to them, it looks like the market has already priced it considering the way the market has moved from February 19.

Apart from RBI monetary policy meeting, which is scheduled for three days April 2-4, the infrastructure output for February and external debt for the December quarter 2018 will be announced on April 1.

Apart from rate sensitive, automobile stocks will be in focus as they start declaring their monthly sales data for March. The sales data is likely to be mixed for the sixth consecutive month citing high inventories, rising ownership cost, and deferred purchases during general elections.

Apart from strong FII flows expectations of a stable government at the centre, rise in rupee against the US dollar, as well as hopes of a rate cut in April policy meeting, lifted sentiment.

FIIs poured in more than Rs 32,000 crore in Indian markets in March compared to domestic institutional investors that were net sellers to the tune of nearly Rs 14,000 crore.

Technical View:
Nifty formed a bullish candle on weekly as well as monthly charts

The index gained for the sixth consecutive week, rising 1.5 percent and closed the March month with the decent gains of 7.70 percent after its consolidation breakout of last five months.

Friday's price action can be read as a cautious sign but as it is not backed by any sell signals on lower time frame charts, things still look advantageous for bulls, suggest experts.

As long as index sustains above 11,531 (5-days EMA) and 11,600, bulls should be able to touch 11,760.

Three levels: 11530, 11600, 11760
Max Call OI: 12000, 11600
Max Put OI: 11500, 11000

Stocks in news:
Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now, cannot pay more recent overdue wages, its chief executive said on Saturday after pilots threatened to strike over payment delays.

State-owned gas utility GAIL India on Friday said it has signed an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects.

Reliance Capital: ICRA Limited has revised its rating for Anil Ambani-led Reliance Capital and its subsidiaries to A2 with negative implications for its short-term debt programme.

Here are stocks that are in the news today:
Listing: Embassy Office Parks REIT (IPO)

Auto sales: Maruti Suzuki, Ashok Leyland, Escorts, Eicher Motors, etc in focus.

Dr Reddy's Labs: German drug regulator cleared Duvvada formulations unit.

Welspun Corp: Company announced value unlocking of approximately Rs 940 crore through the divestment of its plate and coil mill division (PCMD) and its 43 MW power division.

Cipla: USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024 while inspecting Kurkumbh plant.

Shriram Transport board meeting on April 30, to consider raising of funds

Vikas WSP: Company received sanction for 80 percent principle outstanding amount of Rs 97.75 crore of both these banks being Rs 78.20 crore to be paid by ACRE and 20 percent amount Rs 19.55 crore to be paid by the promoters aggregating to Rs 97.75 crore in all. Punjab National Bank account has already been operating as standard w.e.f. April 2017.

Kolte-Patil Developers: Board declared interim dividend of Rs 1.40 per share for the financial year 2018-19.

Havells India started commercial production of air conditioners at its Ghiloth plant

Edelweiss Financial Services: Company appoints Dr Ashima Goyal and Anita George as independent directors.

CreditAccess Grameen: Company completed a securitization of Rs 93.83 crore. With this transaction, it completed seven securitization and four Direct Assignment transactions totaling to Rs 1,667.05 crore in FY19.

Titan Company: Company increased its shareholding in subsidiary Carat Lane Trading Private Limited from 66.39 percent to 69.47 percent.

Jubilant Foodworks' director Ramni Nirula resigns

Wipro - NCLT approved the scheme of amalgamation for the merger of wholly owned subsidiaries

Inox Leisure: Company commenced commercial operations of a multiplex cinema theatre taken on Leave and License basis, in Chennai. The said multiplex cinema theatre has 8 screens and 1,820 seats.

J&K Bank transferred 4.11 crore shares of PNB MetLife India Insurance Company to Oman India Joint Investment Fund II for a total consideration of Rs 185 crore

Cyient: Cyient Insights LLC, USA, a step down subsidiary of the company through Cyient Insights Private Limited, has been dissolved.

IOL Chemicals: Board allotted 6,82,000 equity shares of Rs 10 each at a premium of Rs 195 per share to promoter Towels Enterprises Limited.

Apollo Pipes: Virendra Singh Verma resigned from the post of CEO of the company.

Vijay Kelkar resigned from the directorship of the Lupin effective March 28, 2019.

Gujarat Gas: India Ratings and Research revised company's outlook to positive from stable while affirming its long-term issuer rating at AA.

Moody's assigns (P)Baa3 rating to IndusInd Bank's Medium Tcrm Notes (MTN) Program

Tata Motors: Company sold its shareholding in TAL Manufacturing Solutions to TASL at an enterprise value of Rs 625 crore for the aerospace business and acquired non aerospace business from TAL at a value of Rs 10 lakh.

Karnex Microsystems : Board approved further investment in Avant-Garde Infosystems Inc., USA a 100% wholly owned subsidiary.

Zenith Fibres : Board approved buyback of upto 5.5 lakh equity shares at a price of Rs 55 per share, aggregating to Rs 3.025 crore.

Lakshmi Vilas Bank revised MCLR w.e.f. April 1

Garden Reach Shipbuilders & Engineers : Company delivered its 100th Warship, a Landing Craft Utility (LCU), L-56, to the Indian Navy.

GAIL, BHEL : Companies signed MoU for development of solar based power project.

Mishra Dhatu Nigam : Company handed over bullet proof vehicles to Central Armed Police Force at Midhani.

Muthoot Capital Services : Company completed a securitisation transaction of Rs 38.86 crore. With this transaction, the company has so far raised total funds of Rs 783.30 crore through securitization / direct assignment transactions during the FY19.

CONCOR inaugurates its first distribution logistics center at Ennore, Chennai

Mahindra & Mahindra : MSPE URJA SRL with registered seat in Rovereto, Trentino, Italy, is incorporated in Rome, Italy as a wholly owned subsidiary of Mahindra Susten Private Limited, which is a wholly owned subsidiary of Mahindra Holdings Limited, which is a wholly owned subsidiary of the company.

SRF : Gujarat Pollution Control Board had issued directions under Water (Prevention and Control of Pollution) Act to the company to close the operations of its industrial plant at Dahej, Gujarat.

Blue Coast Hotels : Company announced acquisition of 8.5 crore equity shares from IFCI Limited in subsidiary Silver Resort Hotel India.

Rushil Decor has received a closure intimation from Gujarat Pollution Control Board (GPCB) to stop the Manufacturing process of one of the Laminate Sheet manufacturing units

Astec Lifesciences : ICRA upgraded / re-affirmed credit ratings for Rs 455 crore line of credit (LOC) and Rs 100 crore commercial paper programme of the company.

Darjeeling Ropeway Company : Company bagged sub-contract for construction of 24 shades for district police offices/units at Ahmedabad and Surat City worth of Rs 2.52 crore, and sub-contract for repair and maintenance of 73 boats used by State Disaster Recovery Force, Emergency Response Centre, Municipal Corporation and Gujarat District collectively. The total contract amount is Rs 71.9 lakh.

Mishra Dhatu Nigam - Handing over of Bullet Proof Vehicles to Central Armed Police Force at MIDHANI

Crompton Greaves Consumer Electricals : CRISIL revised the credit rating of non-convertible debentures of company.

JK Tyre : Board alloted 1,94,17,400 equity shares to the constituents of the promoter group of the company on preferential basis.

Phillips Carbon Black : ICRA re-affirmed the long-term rating for the captioned Line of Credit (LOC) at AA-. The outlook on the long-term rating is revised from stable to positive.

Galaxy Surfactants : Board declared interim dividend of Rs 5 per share for the financial year 2018-19.

Suryalata Spinning Mills : Company successfully installed and completed trailes on 22,000 spindles at Kalwakurthy Unit. Consequent to this capacity expansion, the total capacity of spindles of the company has been increased from 93,000 to 1,15,000.

Virinchi : Company announced operational readiness of additional 50 beds of Banjara Hills facility in Hyderabad taking the operational capacity to 400 beds.

Gayatri Highways' subsidiary terminated its concession agreement with National Highways Authority of India (NHAI) on the basis of Force Majeure (Political event)

Indian Bank : Department of Financial Services, Ministry of Finance has issued notification for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single regional rural bank which shall be called as Tamil Nadu Grama Bank with its head office at Salem under the sponsorship of Indian Bank.

SRF in process to close the operations of its industrial plant at Dahej

IOL Chemicals : Company made the pre-payment of term loan of Rs 20.05 crore due to banks in addition to regular payment schedule.

HEG : Company announced completion of extinguishment/destruction of a total of 13,63,636 equity shares of company after buyback.

Havells India : Company started commercial production of air conditioners at its Ghiloth plant.

Williamson Magor & Company : Company announced acquisition of 20,11,500 equity shares of Rs 10 each of Williamson Financial Services.

Rushil Decor : Gujarat Pollution Control Board (GPCB) issued notice to stop manufacturing process of one of the laminate sheet manufacturing units.

JM Financial : Company entered into a sale and purchase agreement for acquiring equity shares of JM Financial Asset Reconstruction Company Limited , a subsidiary of the company. With the acquisition, the company's shareholding in JMFARC has increased to 59.25 percent from 57.07 percent.

GMR Infra - Cancellation of 4 series Optionally Convertible Debenture (OCDs) by company on March 28

Inox Leisure : Company commenced the commercial operations of a Multiplex Cinema Theatre operated on lease basis in Bhubaneswar. The said multiplex cinema theatre has 3 screens and 609 seats.

Ugar Sugar Works : Company is already holding 48.20 percent stake in Ugar Theatre Pvt Ltd and now again has purchased up to 99 percent stake in Ugar Theatre Pvt Ltd.

Amber Enterprises : Company extended the timeline to complete the acquisition of balance stake of 51 percent in Ever Electronics by June 30, 2019 in one or more tranches.

JSW Energy : Board after careful evaluation decided not to pursue electric vehicle business and maintain capital cushion for growth opportunities in power and other related businesses.

Jubilant Life Sciences : Company and IFC Mutually agree for settlement of zero coupon convertible loan.

Indoco Remedies : USFDA cleared the sterile manufacturing facility of finished dosages, located at Goa (Plant II).

CyberTech Systems and Software : Overseas direct investment of $0.2 million is made in subsidiary Spatialitics LLC, Delaware, USA.

Grasim Industries : Company acquired Soktas India for Rs 135 crore.

MCX India : Board approved the appointment of PS Reddy as MD & CEO of the company.

Vadilal Industries : Company said the agenda to re-appoint Rajesh Gandhi and Devanshu Gandhi as Managing Directors of the company was not passed unanimously. It was further resolved to appoint a professional Managing Director/Chief Executive Officer/Manager for the company. Rajesh Gandhi and Devanshu Gandhi will continue to work for the company as a director of the company without any remuneration.

Lyka Labs : Company entered into One Time Settlement agreement with the Bank of Maharashtra and arranged to make an upfront payment of Rs 11 crore as settlement amount and Rs 6.49 lakh as processing fees to the bank.

Sadbhav Infrastructure Project : Company acquired further 6 percent (3,000) equity shares of subsidiary Maharashtra Border Check Post Network Limited (MBCPNL), held by SREI.

Container Corporation of India : First distribution logistics centre at Ennore, Chennai was inaugurated on March 30.

Dynamic Industries : Company has disinvested/sold its entire investment in equity shares of its wholly owned subsidiary in Neo Farbe Private Limited.

Scanpoint Geomatics : Company in consortium with Team Computers Private Limited (lead bidder) received a contract for setting up of enterprise Geoportal for National Atlas and Thematic Mapping Organisation (NATMO), Kolkata. The aggregate value of project for SGL is Rs 2.08 crore.

The company received a contract of enterprise and City GIS Solution for Agra Smart City through Master System Integrator (MSI) - Bharat Electronics and Lookman Electroplast Industries Limited, and for Lucknow Smart City through MSI Fluent Grid Limited and Bharat Electronics. The aggregate value of the said projects for SGL is Rs 9.33 crore.

Navkar Corporation : Board approved appointment of Captain Dinesh Gautama as whole time director of the company with immediate effect. Dinesh Gautama is also serving as Chief Executive Officer.

Sayaji Industries : Board has authorised Priyam B Mehta, Varun P Mehta and Vishal P Mehta individually and jointly to enter into a Joint Venture Agreement with Societe Developpement Produits Afrique - SDPA, France, the holding company of Alland and Robert for manufacturing of gum arabic/ gum acacia, gum ghatti and gum blends. The joint venture will be a 50:50.

Rico Auto Industries : Company alongwith its step down subsidiary, Rasa Autocom Limited has completed the acquisition of 2,11,20,000 equity shares of Magna Rico Powertrain Private Limited from Magna Powertrain GMBH at the rate of Rs 4.05 per share for a total consideration of Rs 8.56 crore.

Jindal Drilling : Company has acquired an offshore jack up drilling rig from Discovery Drilling Pte Ltd, Singapore, a joint venture of the company. The rig would be soon deployed under contract with Oil and Natural Gas Corporation (ONGC) already awarded to the company.

Wockhardt : India Ratings revised company's short-term ratings to IND A3 from IND A3+ & long-term loan facilities to IND BBB-


Saturday 30 March 2019

IDEAL STOCK MARKET UPDATE | IDEAL STOCK WEEKLY REPORT 25 MARCH 2019 TO 29 MARCH, 2019

NIFTYFUT.OVERVIEW :-
NIFTY FUT. TREND B/W 10870 – 11790 NEXT WEEK.
MAJOR SUPPORT LEVEL IS 11170, IF IT’S BREAK NIFTY FUT. WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 11470, IF BREAK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN NIFTY FUT:-
NIFTY FUT.CLOSE 22 MARCH 2019 BELOW MOVING AVERAGE (14) LINE ,OUR 1 HOURSCHART SHOW AND VOLUME ARE CONTINOUSLY DATE WISE (AS (ON BALANCE VOLUME INDICATOR SHOW)DECREASE THIS WEEK,THIS IS SIGNALS ARE BEARISH SIGANL. NEXT WEEK NIFTY FUT. OPEN DEPEND ON INTERNATIONAL MARKET TREND. AND AGAIN NIFTY FUT. RANGE BOUND.

BANK NIFTY FUT. OVERVIEW :-
BANK NIFTY FUT. TREND B/W 28270 – 30400 NEXT WEEK.
MAJOR SUPPORT LEVEL IS 30280, IF IT’S BREAK BANK NIFTY FUT. WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 30360,IF BREAK BANK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN BANKNIFTY FUT:-
BANKNIFTY FUT.CLOSE 22 MARCH 2019 BELOW MOVING AVERAGE (14) LINE , OUR 1 HOURS CHART SHOW AND VOLUME ARE CONTINOUSLY DATE WISE (AS (ON BALANCE VOLUME INDICATOR SHOW)INCREASED,THIS IS SIGNALS ARE BULLISH SIGNAL. NEXT WEEK BANKNIFTY OPEN GAP UP AND AGAIN RANGE BOUND.

52 WEEKS HIGH AND 52 WEEKS LOW STOCK DURATON TILL 18 MARCH TO 22 MARCH 2019

52 WEEKS HIGH AND 52 WEEKS LOW STOCK DURATON TILL 18 MARCH TO 22 MARCH 2019

TOP MOST NEWS NEXT WEEK 25 MARCH TO 29 MARCH 2019

DATE WISE:-
25 MARCH 2019
TECHM BUYBACK OPENS. 
KWALITY LTD. RESULT.

26 MARCH 2019
US BUILDING PERMITS.
SBI LIFE INSURANCE COMPANY LTD.

US GDP DATA.
29 MARCH 2019
BREXIT DEADLINE/UK GDP DATA/NIFTY CHANGES EFFECTIVE. COLGATE/SIMPLEX PROJECTS RESULTS.

OUR PICK STOCK 10 -20 DAYS DURATION:-

BUY AXIS BANK B/W 720-740 TGT 900 STOPLOSS 645
THIS STOCK CLOSING ON 22 MARCH ABOVE MOVING AVG.(14)SIGNAL LINE SHOW OUR DAILY CHART AND HIS BREAK MANY WEEKLY RESISTANCE @ 720/740/760, AND NEXT TGT @ 800/850/900.
PREVIOUS WEEK (18 MARCH TO 22 MARCH), THIS STOCK CONTIOUSLY MOVE ONE SIDE MOVEMENT AND MADE HIGH TO HIGH AND CONTOUSLY OI AND VOLUME INCREASE AND ALL INDICATORS SHOW BULLISH TREND.
SO, I GIVEN BUY CALL ON AXIS BANK.