Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Benchmark indices failed to hold its gains and ended flat, but the Nifty managed to hold 11,700, while Sensex failed to hold above 39,000. The Sensex was down 18.17 points at 38,963.26, while Nifty was down 12.50 points at 11,712.30.

Indiabulls Housing, NTPC, Yes Bank, Bharti Airtel and ICICI Bank were top gainers on the Nifty, while losers include TCS, Britannia Industries, Tech Mahindra, Adani Ports and HUL.

Among sectors, FMCG, IT, pharma and metal ended were in the red, while some buying was seen in the auto, bank, energy and infra sectors. BSE Midcap index and BSE smallcap index also ended lower.

According to the Pivot charts, the key support level is placed at 11,684.03, followed by 11,655.87. If the index starts moving upward, key resistance levels to watch out are 11,755.63 and 11,799.07.

The Nifty Bank closed at 29,954.2, up 245.55 points on May 3. The important Pivot level, which will act as crucial support for the index, is placed at 29,792.26, followed by 29,630.33. On the upside, key resistance levels are placed at 30,118.96, followed by 30,283.73.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Sudarshan Sukhani of s2analytics.com

Buy Bajaj Auto with stop loss at Rs 3043 and target of Rs 3075

Sell BHEL with stop loss at Rs 69.5 and target of Rs 67

Sell Reliance Infra with stop loss at Rs 114 and target of Rs 106

Sell Engineers India with stop loss at Rs 111.5 and target of Rs 109

Sell Bank of Baroda with stop loss at Rs 120.5 and target of Rs 117

Mitessh Thakkar of mitesshthakkar.com

Sell Bata India with a stop loss of Rs 1455 and target of Rs 1410

Buy Bajaj Auto with a stop loss of Rs 3029 and target of Rs 3115

Sell LIC Housing Finance with a stop loss of Rs  490.5 and target of Rs 471

Buy Federal Bank with a stop loss of Rs 95.5 and target of Rs 102

Prakash Gaba of prakashgaba.com

Buy Bharat Forge with target at Rs 505 and stop loss at Rs 475

Buy Exide Industries with target at Rs 224 and stop loss at Rs 214

Buy Indiabulls Housing Finance with target at Rs 740 and stop loss at Rs 685

Sell Tech Mahindra with target at Rs 800 and stop loss at Rs 823

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Top buy and sell ideas by Prakash Gaba, Rajat Bose, Mitessh Thakkar for short term

Benchmark indices failed to hold 11,750 level and ended marginally lower in lacklustre trade on May 2. The Sensex ended 35.78 points down at 39,031.55, while Nifty closed 6.50 points lower at 11,748.20.

The Nifty after opening marginally lower at 11,725.55 remained rangebound throughout the session. The index touched an intraday high of 11,789.30 and low of 11,699.55, before closing 23.40 points lower at 11,724.80.

India VIX moved up 5.19 percent at 22.96. Higher VIX suggests that volatile swings could continue in the market ahead of election polls and outcome.

According to the Pivot charts, the key support level is placed at 11,686.43, followed by 11,648.07. If the index starts moving upward, key resistance levels to watch out are 11,776.23 and 11,827.67.

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Source: Moneycontrol

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

The BSE Sensex fell 80.30 points to 38,564.88 while the Nifty 50 closed down 18.50 points at 11,576 forming a bearish candle on daily charts.

Nifty is currently placed near the crucial support of 11,550 and expected to slip below this support in the next 1-2 sessions, experts said, adding the formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

According to the Pivot charts, the key support level is placed at 11,545.2, followed by 11,514.4. If the index starts moving upward, key resistance levels to watch out are 11,626.4 and 11,676.8.

The Nifty Bank index closed at 29,479.70, down 208.25 points on April 23. The important Pivot level, which will act as crucial support for the index, is placed at 29,321.23, followed by 29,162.77. On the upside, key resistance levels are placed at 29,772.33, followed by 30,064.96.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Sell Maruti Suzuki with a stop loss of Rs 7150, target of Rs 7000

Sell HDFC Bank with a stop loss of Rs 2270, target of Rs 2200

Buy Reliance Capital with a stop loss of Rs 138, target of Rs 154

Buy HPCL with a stop loss of Rs 330, target of Rs 347

Sudarshan Sukhani of s2analytics.com

Buy Tech Mahindra with stop loss at Rs 800 and target of Rs 814

Buy Hexaware Tech with stop loss at Rs 341 and target of Rs 350

Buy Hindustan Unilever with stop loss at Rs 1735 and target of Rs 1760

Sell Oriental Bank of Commerce with stop loss at Rs 100.50 and target of Rs 98

Sell LIC Housing Finance with stop loss at Rs 503 and target of Rs 491

Mitessh Thakkar of mitesshthakkar.com

Buy Coal India with a stop loss of Rs 251 and target of Rs 264

Buy Oil & Natural Gas Corporation with a stop loss of Rs 160 and target of Rs 172

Sell Adani Enterprises with a stop loss of Rs 136 and target of Rs 125

Buy Bata India with a stop loss of Rs 1430 and target of Rs 1475

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Source: Moneycontrol

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

The market rebounded and closed higher on April 12, but snapped seven-week winning streak to end the week on a negative note amid caution as March quarter earnings season as well as polling for general elections started during the week.

The 30-share BSE Sensex gained 160.1 points to close at 38,767.11 and Nifty rose 46.75 points to 11,643.45 and formed small bullish candle on daily charts on April 12.

Price set up on daily scale suggests that supports are intact while the same on weekly scale suggests that hurdles are also visible at 11,761 which is restricting its upside momentum, experts said, adding the rangebound trade is expected to continue in coming truncated week.

According to the Pivot charts, the key support level is placed at 11,595.77, followed by 11,548.03. If the index starts moving upward, key resistance levels to watch out are 11,674.27 and 11,705.03.

The Nifty Bank index closed at 29,938.6, up 152.45 points on April 12. The important Pivot level, which will act as crucial support for the index, is placed at 29,763.43, followed by 29,588.27. On the upside, key resistance levels are placed at 30,057.33, followed by 30,176.07.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy Rural Electrification Corporation with a stop loss of Rs 150, target of Rs 165

Buy Bank of Baroda with a stop loss of Rs 127, target of Rs 140

Buy Interglobe Aviation with stop loss at Rs 1430, target of Rs 1500

Buy Jindal Steel & Power with a stop loss of Rs 176, target of Rs 190

Buy Adani Ports with a stop loss of Rs 380, target of Rs 395

Sudarshan Sukhani of s2analytics.com

Buy HDFC with stop loss at Rs 2010 and target of Rs 2040

Buy Bata India with stop loss at Rs 1396 and target of Rs 1424

Buy Britannia Industries with stop loss at Rs 2955 and target of Rs 3015

Sell HPCL with stop loss at Rs 264 and target of Rs 256

Sell Reliance Capital with stop loss at Rs 187 and target of Rs 180

Mitessh Thakkar of mitesshthakkar.com

Buy Apollo Hospitals with a stop loss of Rs 1248 and target of Rs 1295

Buy Engineers India with a stop loss of Rs 119 and target of Rs 126

Buy Interglobe Aviation with a stop loss of Rs 1414 and target of Rs 1475

Buy ITC with a stop loss of Rs 299.5 and target of Rs 318

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Source: Moneycontrol

Cotton prices to trade sideways to lower: Angel Commodities

MCX cotton climb to its highest levels since November (22,540) last week but corrected to close at 22,260 rupees per bale due to fear of losing demand at higher prices. Moreover, India is losing cotton export market to Brazil due to higher prices and stronger rupees. CAI trims cotton crop size to 321 lakh bales for 2018/19 season, lowest since 2009-10 which will raise imports and decline exports. USDA kept production and consumption figures unchanged at 27 and 24.8 million bales respectively but revised down imports and exports by 12.5% and 6.7% respectively. According to USDA attaché report, India 2019/20 cotton output to rise about 7% yr/yr to hit five-year high on higher yields, acreage.

Outlook

Cotton futures expected to trade sideways to lower tracking weak global prices due to bearish USDA monthly report. Moreover, improving in exports demand from China and increasing domestic demand may support prices. Reports of CCI selling its stock may keep prices in a range.

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Source: Moneycontrol

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

After consolidating early in the day, the market managed to gain momentum in the last hour of trade and ended near the day's high on April 9 with all sectoral indices closing in the green.

The BSE Sensex gained 238.69 points at 38,939.22 while the Nifty 50 rose 67.50 points to 11,672, forming a bullish candle on daily charts.

The advance-decline ratio was in favour of bears pointing towards selling pressure in the broader markets as more number of scrips closed in negative terrain. About 966 shares declined against 786 advancing shares on the NSE. The Nifty Midcap and Smallcap indices closed flat with a positive bias.

According to the Pivot charts, the key support level is placed at 11,599.83, followed by 11,527.67. If the index starts moving upward, key resistance levels to watch out are 11,714.03 and 11,756.07.

The Nifty Bank index closed at 30,113.85, up 268.55 points on April 9. The important Pivot level, which will act as crucial support for the index, is placed at 29,823.23, followed by 29,532.67. On the upside, key resistance levels are placed at 30,284.73, followed by 30,455.67.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy Bank of India with a stop loss of Rs 100, target of Rs 106

Buy YES Bank with a stop loss of Rs 265, target of Rs 280

Buy Bank of Baroda with a stop loss of Rs 129, target of Rs 137

Buy ICICI Bank with a stop loss of Rs 393, target of Rs 410

Buy Canara Bank with a stop loss of Rs 282, target of Rs 296

Sudarshan Sukhani of s2analytics.com

Buy Mahindra & Mahindra with stop loss at Rs 660 and target of Rs 675

Buy Divis Labs with stop loss at Rs 1698 and target of Rs 1730

Buy United Spirits with stop loss at Rs 536 and target of Rs 565

Sell MCX India with stop loss at Rs 775 and target of Rs 736

Sell NMDC with stop loss at Rs 105.9 and target of Rs 101

Mitessh Thakkar of mitesshthakkar.com

Buy Bajaj Auto with a stop loss below Rs 2888 for target of Rs 3000

Buy Maruti Suzuki with a stop loss of Rs 7160 and target of Rs 7320

Buy Tata Motors DVR with a stop loss of Rs 96 and target of Rs 106

Sell Max Financial Services with a stop loss of Rs 432 and target of Rs 409

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Source: Moneycontrol

Rate sensitive stocks gain as RBI expected to cut repo rate by 25 bps

The rate sensitive stocks including auto, bank and realty are in focus ahead of the announcement of rate decision by Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting. The announcement is scheduled for April 4 at 11.45 am.

It is largely expected that the RBI will cut the repo rate by 25 basis points to 6 percent in its first policy meet of current financial year and then keep the rates on hold till the middle of next year at least.

"We expect the RBI to change its stance from neutral to accommodative in view of the global and domestic growth weakness," said VK Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

The Bank Nifty is trading marginally higher led by Bank of Baroda, SBI, Federal Bank, HDFC Bank and Kotak Mahindra Bank.

Meanwhile, Nifty Auto and Nifty Realty index are trading with 0.5 percent gains each.

Among autos, Amara Raja Batteries gained 3 percent followed by Hero Motocorp, TVS Motor, Exide Industries, Tata Motors and Maruti Suzuki.

Godrej Properties, Brigade Enterprises, DLF, Indiabulls Real Estate and Prestige Estate are among major realty gainers.

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Source: Moneycontrol

Market Live: Sensex, Nifty open higher; Eicher Motors gains 4%

JUST IN | Bajaj Auto March 2019 sales up 18 percent at 3,93,351 units against 3,34,348 units in same month last year.

Gold Update: Gold inched up on Tuesday, but was trading near a more than three-week low touched in the previous session as the US dollar strengthened and equities rose.

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.

Market at pre-open: Benchmark indices are trading higher in the pre-opening session.

At 09:01 hrs IST, the Sensex is up 82.60 points or 0.21% at 38954.47, and the Nifty up 46.60 points or 0.40% at 11715.80.

Tata Motors, Tech Mahindra, ONGC, IndusInd Bank are trading higher.

Crude Update: Oil prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

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.

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Source: Moneycontrol

Market Live: Nifty opens above 11,650, Sensex up 180 pts; Nifty Bank at record high

L&T bags order: Larsen and Toubro has won a large order from Kuwait Oil Company (KOC) in the range of Rs 2,500 to 5,000.

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.

MOIL production update: The company has achieved the highest-ever turnover of Rs 1440 crore during financial year 2018-19, registering a growth of 9 percent over previous year. Core production jumped 15 percent during the year, while total production crossed 13 lakh MT in FY’19.

Money market is closed for trading today for banks' closing day.

Market at pre-open: Benchmark indices are trading higher in the pre-opening with Nifty above 11,650.

At 09:02 hrs IST, the Sensex is up 173.03 points or 0.45% at 38845.94, and the Nifty up 29.90 points or 0.26% at 11653.80.

Vedanta, JSW Steel, ICICI Bank, Bajaj Auto, are trading higher in pre-opening session, while Cipla is trading lower.

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.

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.

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.

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Source: Moneycontrol

Market Live: Nifty opens above 11,600, Sensex up 100 pts; rupee opens higher

Market Opens: It is a strong start for the April F&O series on Friday with Nifty above 11,600 level.

At 09:18 hrs IST, the Sensex is up 171.30 points or 0.44% at 38717.02, and the Nifty up 49.60 points or 0.43% at 11619.60.  About 592 shares have advanced, 203 shares declined, and 50 shares are unchanged. 

The gainers are IOC, Indiabulls Housing, Hindalco, Wipro, Tech Mahindra, RIL, BPCL, Can Fin Homes, Vodafone Idea, Jet Airways, PFC, REC while losers include Axis Bank, IndusInd Bank, Eicher Motors, SBI life and Motherson Sumi.

Rupee Opens: The Indian rupee gained in the early trade on Friday. It opened higher by 10 paise at 69.24 per dollar versus previous close 69.34.

Market at pre-open: The benchmark indices are trading positive in the pre-opening session on Friday.

At 09:02 hrs IST, the Sensex is up 138.14 points or 0.36% at 38683.86, and the Nifty up 55.50 points or 0.48% at 11625.50.

Yes Bank, Kotak Mahindra Bank, HDFC Bank are trading higher in the pre-opening session.

Asian markets trade higher: Asian shares posted narrow gains on Friday on revived hopes of progress in US-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.

Wall Street ends higher​: US stocks climbed on Thursday as Treasury yields rose off 15-month lows, with investors optimistic about the latest round of US-China trade talks.

SGX Nifty: Trends on SGX Nifty indicate a negative start for the broader indices in India, a fall of 25 points or 0.21 percent. Nifty futures were trading around 11,645-level on the Singaporean Exchange.

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Source: Moneycontrol

Market Live: Nifty opens above 11,450, Sensex marginally higher; rupee trades lower

Market Opens: It is good start for the Indian indices on Thursday with Nifty above 11,450 level.

At 09:17 hrs IST, the Sensex is up 36.12 points or 0.09% at 38169, and the Nifty up 10.50 points or 0.09% at 11455.50. About 510 shares have advanced, 281 shares declined, and 31 shares are unchanged. 

Zee Ent, HCL Tech, Tech Mahindra, Infosys, Indiabulls housing, Yes Bank, HPCL, BPCL, IOC, GAIL, Eicher Motors are among major gainers, while losers are Tata Motors, ONGC, JSW Steel, IndusInd Bank, Power Grid, Cipla, HDFC Bank and Tata Steel.

Except metal, auto and pharma, all other sectoral indices are trading with marginal gains.

Rupee Opens: The Indian rupee opened lower by  24 paise at 69.11 per dollar on Thursday versus previous close 68.87.

Market at pre-open: Benchmark indices are trading higher in the pre-opening trade on Thursday.

At 09:03 hrs IST, the Sensex is up 66.14 points or 0.17% at 38199.02, and the Nifty up 13.50 points or 0.12% at 11458.50.

Infosys, TCS, Hexaware, HCL Tech are trading higher in the pre-opening session.

Asian markets trade lower: Asian share markets were painted red on Thursday as recession concerns sent bond yields spiralling lower across the globe, overwhelming central bank efforts to calm frayed nerves.

Crude Update: Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in US stocks.

Wall Street ends lower: US stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a US economic slowdown.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 22 points or 0.19 percent. Nifty futures were trading around 11,424-level on the Singaporean Exchange.

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Source: Moneycontrol

Sheela Foam plummets 6% after promoters offer to sell stake

Shares of Sheela Foam tanked 6 percent intraday on March 27 after two promoters of the company decided to sell 8.68 percent stake in the company via offer for sale on March 27-28.

The company in its BSE release said that the promoters will sell 42,33,764 equity shares representing 8.68 percent of the total paid up equity share capital of the company, with an option to sell a further 4,87,828 equity shares each representing 1 percent stake for both promoters.

The floor price of the offer shall be Rs 1,100 per share and the sale shall take place over two trading days starting March 27.

At 0932 hours, Sheela Foam was quoting Rs 1,208.85, down 6.29 percent on the BSE.

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Source: Moneycontrol

Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Bulls were back with vengeance on March 26, driving the Nifty50 near psychological 11,500 levels and lifting the BSE Sensex more than 400 points.

Backed by positive global cues and the rally in banking & financials and index heavyweight Reliance Industries in later part of the session, the market recouped most of the losses seen in the previous two sessions.

The Nifty50 closed tad below 11,500 and formed bullish candle on the daily charts. If the short covering continues ahead of the expiry of March derivative contracts, then the bulls can take the index near 11,600, experts said.

India VIX moved down by 1.11 percent to 16.48 levels.Volatility fell from highs but moved from its base of 14 so some volatility cues could be seen, experts said.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy Repco Home Finance with a stop loss of Rs 450, target of Rs 475

Buy Canara Bank with a stop loss of Rs 275, target of Rs 290

Buy Arvind with a stop loss of Rs 87, target of Rs 95

Buy Century Textiles with a stop loss of Rs 910, target of Rs 935

Buy Cholamandalam Investment with a stop loss of Rs 1365, target of Rs 1415

Sudarshan Sukhani of s2analytics.com

Buy IndusInd Bank with stop loss at Rs 1698 and target of Rs 1748

Buy Titan Company with stop loss at Rs 1100 and target of Rs 1136

Buy Siemens with stop loss at Rs 1042 and target of Rs 1080

Sell M&M Financial Services with stop loss at Rs 419 and target of Rs 405

Sell ICICI Prudential Life Insurance with stop loss at Rs 326 and target of Rs 312

Mitessh Thakkar of mitesshthakkar.com

Buy Arvind with a stop loss of Rs 86.6 and target of Rs 95

Buy Century Textiles with a stop loss of Rs 904 and target of Rs 940

Buy Grasim Industries with a stop loss of Rs 824 and target of Rs 865

Buy L&T Finance Holdings with a stop loss of Rs 144 and target of Rs 157

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Source: Moneycontrol

Market Live: Indices open higher with Nifty above 11,500; Bank Nifty at record high

Rupee trades lower: The Indian rupee is trading lower by 9 paise at 68.95 per dollar on Wednesday versus 68.86 yesterday.

Market Opens: It is strong start for the Indian indices with Nifty above 11,500 level.

The Sensex is up 171.44 points at 38404.85, while Nifty is up 40.50 points at 11523.80. About 559 shares have advanced, 239 shares declined, and 31 shares are unchanged. 

IOC, Yes Bank, IndusInd Bank, IOC, HDFC Bank, SBI, HUL are among major gainers on the indices, while losers are Rel Comm, REC BPCL, HPCL.

Nifty Bank has reported a record high with index trading above 30000 level.

Market at pre-open: The benchmark indices are trading higher in the pre-opening with Nifty around 11,550 mark

Jet Airways, UCO Bank, PNB and BoB are among major gainers in the pre-opening.

At 09:02 hrs IST, the Sensex is up 149.19 points or 0.39% at 38382.60, and the Nifty up 61.60 points or 0.54% at 11544.90.

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Source: Moneycontrol