Winning Strokes: Think Different

Domestic stocks settled with modest gains following recent weakness in crude oil prices. The barometer index, the S&P BSE Sensex, rose 118.55 points or 0.34% to settle at 35,260.54. The Nifty 50 index rose 40.40 points or 0.38% to settle at 10,616.70.

Among secondary barometers, the BSE Mid-Cap index rose 0.74% to 14,992.48. The BSE Small-Cap index was flat at 14,548.04.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1099 shares rose and 1497 shares fell. A total of 139 shares were unchanged.

Yes Bank lost 7.42%. The bank informed that Ashok Chawla, non-executive independent part-time chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention. The bank shall in due course announce the appointment of a Chairman, post RBI's approval. The announcement was made after market hours yesterday, 14 November 2018.

With the merger of Vodafone India with Idea Cellular, Grasim Industries' shareholding in the merged entity, Vodafone Idea (VIL) now stands at 11.55%. Consequently, VIL ceased to be an ‘Associate' of the company with effect from 31 August 2018. Accordingly, the share in profit after tax of VIL has not been consolidated with effect from 31 August 2018. The exceptional item of Rs.2003 crore represents the difference between book value and fair value of VIL as on 30 August 2018. This has been charged to the Profit and Loss Account, consequent to VIL ceasing to be an ‘Associate'.

In the global commodities markets, Brent for January 2019 settlement was off 4 cents at $66.08 a barrel. The contract rose 65 cents, or 0.99% to settle at $66.12 a barrel during the previous trading session.

India imports majority of its crude requirements and a decline in crude eases concerns on fiscal deficit, inflation and gives more room for the government to boost growth through spending on infrastructure.

Overseas, most European and Asian stock shares edged higher on Thursday as investors digest the latest news on Brexit. British Prime Minister Theresa May said she had obtained enough support for her proposed Brexit deal to move forward. The uncertainty surrounding a deal had earlier weighed on risk sentiment.

US stocks closed lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.

Meanwhile, US Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in US economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.

On the US data front, the Labor Department said the consumer-price index rose by 0.3%, while core CPI, excluding volatile food and energy prices, rose 0.2%.

#The shares of Global Offshore Services Ltd recommended in this blog around Rs.12. yesterday touched Rs.20.04 in the BSE last month. Congratulations to all those who made money in this scrip. 

#The shares of Omkar Speciality Chemicals Ltd yesterday rose to Rs.12.9, before closing flat at Rs.12.33. Omkar Specialty Chemicals Ltd is a Chemical Company in Mumbai, India, engaged in the production of Specialty Chemicals and Pharma Intermediates.

#The shares of Jet Airways Ltd (Rs.320.95) unexpectedly rose to Rs.334.9 based on the market rumour that Tata Group is going to take-over the company. But then with a debt of around Rs.12000 crore in its books and Tata group being already leveraged due its bet on Bhusan Steel Ltd bet, I have doubts about the turnaround of the Jet Airways Ltd, at least in the near future. I still maintain a sell on the scrip and feel that it would touch Rs.210/189 in the short term. Meanwhile, both the companies have brushed aside the media rantings, as "speculative". 

#I have recommended Uttam Value Steel Ltd (Re.0.15) to the punters who are subscribers to my Premium Information Service. The blog readers who are looking for a long term steel turnaround story can look at the stock of Uttam Value Steels Ltd, which was earlier known as Lloyd Steel Ltd. Uttam Value Steels reported operational revenue of Rs.2,704.2 crore for 2017-18, with a net loss of Rs.467 crore. It has a hot-rolled production capacity of 1 MT in Wardha. It buys pig iron from Uttam Galva Metallics, which is privately owned by the group. Now to set up a 1 MT steel plant, at least Rs.5000-6000 crore is needed. On Money Control BV of Uttam Value is shown as -Rs.1.17. It has Re.1 has face value. 

But 1 MT steel plant having a market cap of only Rs.125 crore is salivating, especially when ET reported on October 12 that JSW Steel, Liberty House, Aion Capital, Phoenix ARC and SSG Capital had submitted expressions of interest (EoIs) for the two subsidiaries of Uttam Galva Steels that owed Rs.3,200 crore and Rs.2,200 crore, respectively, to lenders. 

The ET on 31st October further wrote that: Prudent ARC, Asset Reconstruction Company (India) Limited (Arcil), a consortium led by SSG Capital Management and another consortium led by New Zone Intertrade FZE have joined the list of eligible resolution applicants for debt-ridden Uttam Value Steels and Uttam Galva Metallics. To add to the positives about Uttam Value Steels Ltd (Re.0.19 in the BSE) Live Mint reported on 1 November, that The State Bank of India had withdrawn an insolvency petition against this Mumbai-based steel company. The state-run lender’s move came after ArcelorMittal paid ₹7,469 crore to clear outstanding debts of Uttam Galva and KSS Petron, two companies in which Lakshmi Niwas Mittal had been a promoter. 

It is worth mentioning that On 24 March, Uttam Galva Steels Ltd (Rs.11.86) informed the exchanges it had received approvals from BSE and the National Stock Exchange to declassify the world’s largest steelmaker ArcelorMittal as a promoter of the company. ArcelorMittal had held a 29.1% stake since 2009 in the company.This leaves us to guess whether ArcelorMittal would be buying out the stake in Uttam Value Steel Ltd or not as the commodity cycle has started to move up with a spurt in the Crude Oil prices. The risk taking investors or punters can buy the scrip of Uttam Value Steels Ltd in the NSE aroud Re.0.15 and keep holding, for targets above Re.1, in the next couple of years.

#Yesterday, Bank Nifty gained 0.5% to closed near 25950 level due to buying witnessed in selective heavyweights. I still maintain the target of 27000 in the short term.

#Nifty opened positive but failed to cross the level of 10650. Nifty has been consolidating around 10450 to 10650 zones from last eight trading sessions. Nifty now has to hold above 10550 zone to further continue its upmove towards 10650/10750 marks. On the downside support exists at 10500 then 10450 levels.

#There is no stopping of the upmove of the share Sunil High Tech Ltd (Rs.2.83), which was recommended to the Punters at around 1.15, on Twitter. The scrip gave superb returns to the investors and has been hitting repeated circuits after that.....

#If you are genuinely interested in making money from the markets then bring in a fund of around Rs.3-5 lakhs, I will help you cover all your losses, through decent trading. If you can generate more funds, then profits would be much higher as money begets money. There will NO MARGIN TRADING -- only delivery based investments and occasional option trading.

Market Mantra

After hovering near flat line in morning trade, key equity indices bounced back in mid-morning trade. At 12:10 IST, the barometer index, the S&P BSE Sensex, was trading at 35,300 up 158.90 points while Nifty was seen at 10,6184 up 2.65 points. 

Most metal and FMCG shares advanced.

Among secondary barometers, the BSE Mid-Cap index was up 0.17%. The BSE Small-Cap index was down 0.03%.

The market breadth, indicating the overall health of the market, was negative. On BSE, 931 shares rose and 1249 shares fell. A total of 109 shares were unchanged.

Alkem Laboratories rose 1.23% after the company said that USFDA has concluded inspection at its Taloja facility. The announcement was made after market hours yesterday, 14 November 2018. Alkem Laboratories said that USFDA had conducted an inspection at the company's Bioequivalence facility located at Taloja, Maharashtra from 8 November 2018 to 14 November 2018. At the end of the inspection, no Form 483 was issued.

Overseas, most Asian shares were trading higher after an improvement in market risk sentiment after British Prime Minister Theresa May said she had obtained enough support for her proposed Brexit deal to move forward. The uncertainty surrounding a deal had earlier weighed on risk sentiment.

US stocks closed lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.

Meanwhile, US Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in US economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.

On the US data front, the Labor Department said the consumer-price index rose by 0.3%, while core CPI, excluding volatile food and energy prices, rose 0.2%.

#Sell the shares of Jet Airways Ltd at around the CMP of Rs.275.15, for short term targets of Rs.210/189. It has a negative worth. Its outstanding to employees, vendors, oil companies, AAI, maintenance contractors, lessors & other suppliers has crossed Rs 12,000 Cr, according to a report in Rediff.com. The Stop Loss for Jet Airways Ltd is Rs.285 and Rs.292 (exit completely), in case the stock does not perform as expected. SELL, SELL, SELL!!

#A2z Infra Engineering Ltd (Rs.13.85) yesterday made an intraday high of Rs.13.85, while today it touched Rs.14.50, intraday. Buy the shares on all market declines.

#The scrip of Omkar  Speciality Chemicals Ltd is trading at around Rs.12.55 in the BSE, up 2.12%. Accumulate on declines.

Market Mantra

The market extended gains and hit fresh intraday high in mid-afternoon trade, backed by positive opening in the European market. At 15:15 IST, the barometer index, the S&P BSE Sensex, was trading at 35,148.46 up 335.47 points or 0.96% while Nifty was seen at 10,584.50 up 102.30 points or 0.98%.

The Nifty 50 index was up 91.15 points or 0.87% at 10,573.35. Gains were supported by firmness in oil sector stocks. The Sensex regained 35,000 mark in mid-afternoon trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.09%. The BSE Small-Cap index was down 0.07%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1214 shares rose and 1292 shares fell. A total of 127 shares were unchanged.

On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. August growth had initially been estimated at 4.3%.

Inflation as measured by the Consumer Price Index stood at 3.31% in October compared to 3.70% in September, showed government data released on Monday.

Overseas, European equity markets opened higher on Tuesday, following a pullback in stocks stateside. Investors are keeping a close eye on oil prices, after new comments from President Donald Trump. He said that the group of oil producers OPEC should not cut supply to prop up the market.

Asian shares were mixed on the back of US stocks closing sharply lower Monday. In US, the Dow Jones Industrial Average tumbled 600 points as crude oil prices extended their retreat while a firmer US dollar also sparked worries about the competitiveness of US corporations in an increasingly challenging economic environment.

#Buy the shares of A2z Infra Engineering (Rs.13.35) for short term targets of Rs.17/22/36/42. SL: Rs.9.40.

Shareholding Pattern:

• SICOM -- 3.57%
• Standard Chartered Bank -> 7.13%
• Aspire Emerging Fund (an FPI) -> 1.53%
• Edelweiss Asset Reconstruction Company Ltd -> 6.49%.
• Shankar Sharma, an Ace Investor -> 4.66%.

On 27 July, A2Z Infra Engineering announced OTS with lenders of A2Z Green Waste Management towards Debt of Rs.275.94 Cr, for a total consideration of Rs.70 crore.  On that day it hit 20% UC & was trading above Rs.24. Shankar Sharma is reported to have recently recommended it. This is going to be multibagger going forward as it has cut down its debts substantially and has good order book position. 

#The scrip of Omkar Speciality Chemicals Ltd and its sister concern Lasa Supergenerics Ltd hit their respective buyer freezes at Rs.11.71 and Rs.26.15 on the BSE. Congratulations to those who bought the scrip on my recommendation. 

#The Nifty would continue to get support above 10500 and would move towards 10700 in the coming days. The small and micro-cap rally is about to being as November-effect has kicked in. Therefore, book your seats in advance in this space.

#The scrip of Ishan Dyes & Chemicals Ltd (Rs.57.50) is consolidating around the current ranges before the next level of Upmove which is likely to take the scrip above Rs.67. Keep holding with a SL of Rs.56.

~~with inputs from Capital Market Live News.....

Crude Oil: Where the Prices can go?

Photo: Market Watch

What the heck happened to oil prices? But more significantly, what does it mean for the broader stock market and the global economy?

That is what has some Wall Street investors scratching their noggins, as crude futures and U.S. stocks staged a tandem tumble this week, just when investors thought the worst was over following a bruising October for risk assets. 

The near WTI futures price is down 23% since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.  Fearing spiking oil prices, the U.S. granted waivers to eight of Iran’s largest buyers of crude – China, India, South Korea, Japan, Italy, Greece, Taiwan, and Turkey.

According to a report in the Economic Times, The oil bears are back, and they’re looking at OPEC before making their next move. While money managers slashed bets on rising West Texas Intermediate crude prices for a ninth week in their longest retreat on record, short-selling jumped to the highest in more than a year. The rapid shift in sentiment sets the stage for an OPEC meeting on Sunday to discuss market conditions. 

Now let us fathom a bit more:

Bulls: 

#Bottom might be near for crude. WTI’s 14-day relative strength index is below 30, a level marking

Photo: Live Mint

oversold territory.

#Iran supplying less crude.

#Declining production in Venezuela and risks in countries like Libya and Nigeria.

#Winter demands should keep the price of Crude Buoyant.

#If oil isn’t the undoing of this current bull stock market or a reflection of a souring economy, some market participants believe that one way or another, the end is nigh.

#OPEC kingpin Saudi Arabia believes the energy market has over-corrected in recent weeks. It comes as the world's top oil exporter grapples with a sharp drop in crude prices, amid cooling supply fears about the impact of U.S. sanctions on Iran.Saudi Arabia's energy minister also said the wider OPEC and non-OPEC alliance would not shy away from another round of production cuts over the coming weeks — if the group decided there was a need for such action.

#According to Ashray Ohri of ICICI Bank Ltd, “While a further fall may be warranted based on US’s temporary exemption on Iran and demand concerns, we believe oil prices are more likely to move to the upside as Iran exports get depleted further.” Having said that, is $80 a barrel on the horizon?

We believe a Brent rebound above the $80 a barrel level is less likely based on the current fundamentals and more responsible statements made by the US administration,” wrote Ohri in a report on 6 November. “As such, we expect oil prices to trade around the $75 a barrel mark and average $77 a barrel in the fourth quarter of this year, before cooling further to average $75 a barrel in Q1 2019.”

Bears:

#The net-long position in Brent dropped 15% to 260,048 contracts, ICE Futures Europe data show.

Longs fell 11%, while shorts rose 8%.

#Money managers cut their net-long positions on benchmark US gasoline by 8.2% and cut net-longs on diesel by 13%, according to the CFTC. 

#OPEC production at the highest since 2016.

#Record US output and waivers given to a number of importers of Iranian crude, including China. 

#Very large monthly down moves in crude oil has often heralded something more ominous.

Photo: Oil Price.com

# Few market participants believe that crude’s current downturn is a reflection of global economic weakness and precursor of something more pernicious to come, like a recession.

#Some market participants believe that  believes that the decline oil may fuel hedge fund selling and catalyze further pain for equity owners.

#Friday’s reading of U.S. wholesale inflation in October represented the biggest increase in six years and affirmed to some that the Federal Reserve would lift interest rates for a fourth time in 2018 next month and perhaps thrice more in 2019. That fact, combined with a slowdown in China’s economy and the hand-wringing around the Beijing-Washington trade dispute, have led some strategists to believe that the market is heading for a bear-market slide.

#There are reasons to be cautious about future returns: the growth/inflation mix is deteriorating and markets often have a sharp correction followed by a sharp rally prior to a more sustained bear market,” Goldman analysts wrote.

#According to Goldman, its indicator at 73% marks the highest bear-market reading since the late 1960s and early 1970s, which (with a few exceptions) is consistent with returns of zero over the following 12 months. Any reading above 60% signals that subsequent returns will be lower.

Meanwhile, Saudi Arabia's Energy Minister Khalid al-Falih told CNBC on Sunday: "Markets get it wrong occasionally as they did a few weeks ago on one side and they're doing it again on the other today, but ultimately the pendulum will swing to a reasonable middle". 

Testing Key Levels:

After bottoming below $42 on June 1, 2017, WTI’s 2-year uptrend has been violated and now testing critical Fibonacci retracement levels.  It has already sliced through the .382 at $63.32 and is now set to test the .500 at $59.12. The next key level is the .618 at around $55, which, if broken, it significantly increases the risk of giving it all back.

Of course, much also depends on the stance that the Organization of the Petroleum Exporting Countries and its friends take on production cuts. For now, lower crude oil prices are good news for us, as India imports a huge portion of its oil equirements. Lower prices benefit the country’s current account deficit and ease pressure on the rupee. For many corporates too, easing crude oil prices will bring some relief on the costs front.

 Sources:

#Market Watch

#The Economic Times

#OIL PRICE.com

#CNBC

#Live Mint

Winning Strokes: Think Different

Photo: Best Stock Picks from Dolly Khanna

Amid a divergent trend among various index constituents, the key benchmark indices settled with small gains. The Nifty gained marginally 6 points to close at 10530 lead by Reliance, Coal India, NTPC and ONGC. The Sensex settled a tad below the psychological 35,000 level after moving above and below that level amid volatility in intraday trade.

The market saw a positive opening led by buying demand in index pivotals. Stocks trimmed gains in morning trade. Key indices hovered in positive zone in mid-morning trade. Stocks gyrated in a small range with positive bias in early afternoon trade. Indices firmed up in afternoon trade. Key indices dipped in negative zone in mid-afternoon trade. Stocks regained positive zone in late trade.

The Sensex rose 40.99 points or 0.12% to settle at 34,991.91. The index rose 245.11 points, or 0.70% at the day's high of 35,196.03. The index fell 61.20 points, or 0.18% at the day's low of 34,889.72.

The Nifty 50 index rose 6 points or 0.06% to settle at 10,530. The index rose 76.25 points, or 0.72% at the day's high of 10,600.25. The index fell 32.55 points, or 0.31% at the day's low of 10,491.45.

The S&P BSE Mid-Cap index fell 0.62%. The S&P BSE Small-Cap index fell 0.06%.

The market breadth, indicating the overall health of the market, was just about positive. On the BSE, 1284 shares rose and 1274 shares fell. A total of 154 shares were unchanged.

Power Grid Corporation of India rose 1.08%. The company's net profit rose 7.9% to Rs 2309.49 crore on 14.2% increase in net sales to Rs 8283.03 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 5 November 2018.

Coal India rose 0.64%. The company said that the Government of India reduced its stake in the company by 3.19% to make its holding stand at 75.13% of the equity share capital of the company. The announcement was made after market hours yesterday, 5 November 2018.

Adani Gas gained 4.95% after the company announced that in order to leverage India's rapidly growing gas market, the company has planned to invest over Rs 8000 crore in the next 5 years to consolidate its position as the largest private company in the sector. It is noteworthy that India's current city gas distribution (CGD) consumption is about 15-18% of domestic gas production and even at peak demand, consumption will be around 25-30%. The announcement was made after market hours yesterday, 5 November 2018.

Domestic stock markets will remain shut tomorrow, 7 November 2018, on account of Diwali Laxmi Pujan and again on Thursday, 8 November 2018 on account of Diwali Balipratipada. However, markets will remain open for special Muhurat trading session between 17:15 IST and 18:30 IST on 7 November 2018.

On the political front, the ruling Congress-JDS alliance has won 2 Lok Sabha seats and 2 Assembly seats in the Karnataka bypolls, which were held on Saturday. In a blow ahead of the 2019 general elections, the Bharatiya Janata Party managed to win only one parliamentary seat. The Congress has won Ballari parliamentary constituency and Jamkhandi assembly seat, while its ally JD(S) has taken Mandya and Shivamogga Lok Sabha seats. The Congress and JD(S) allied together to fight the BJP in the by-polls that would be a testing ground for the alliance before 2019 general elections. With today's victory, the Congress-JD(S) alliance's tally has increased to 120 seats in the 224 member assembly where the BJP has 104 MLAs.

Among the global markets, Asian markets closed on a smart rally while European markets declined. USD-INR declined 6 paisa and Brent Crude slipped over half percent at below $73/bbl. 

On Thursday, the US  Fed concludes a two-day policy meeting, which isn't expected to deliver a change in rates, but may offer fresh insights to investors about the pace of coming rate increases and the effects of trade clashes between the US and China on the domestic economy. US mid-term poll will be held today. In US economic data, the ISM services index slipped to 60.3 in October, down from 61.6 in September.

Nifty formed a Spinning Top Candle on daily chart as follow up buying/selling is missing on either side. Since some days Nifty has been consolidating between 10450-10600. Nifty has multiple supports around 10423/10277/10254 ranges and hence bullish trend is likely to continue as the Nifty consolidates around 10423-10600 zones. If this support level holds then we would look forward for targets of 10650 -10750 for Nifty_Spot in the coming days. 

#Omkar Speciality Chemicals Ltd hit the Upper Circuits in the NSE at Rs.10.40. It's sister concern Lasa Supergenerics Ltd has also hit the Upper Circuits at Rs.21.65 in the BSE. Both the stocks are likely to give solid returns to the investors going forward, as mentioned in my earlier posts. Moreover, you can choose either of the two or both for long term value creation. 

#The scrip of Yes Bank Ltd today made an intraday high of Rs.217.90, which is almost near my 2nd target of Rs.221. It closed at Rs.214.45 with a gain of around 2.07% in the NSE.

#The stock of UCO Bank Ltd which was recommended on Facebook last Sunday made a high of Rs.22.35 before closing at Rs.21.30. There are lot of positive developments taking place in this bank, and hence once the level of Rs.22-23 is cleared on the upside we can look for targets of Rs.27-31. Keep  a SL at Rs.19, in case the share does not perform as expected. 

#The stock of Anant Raj Ltd, which has a good land bank in the NCR region today closed flat at Rs.36.55, after making an intrday high of Rs.37.25. The stock has multiple supports around Rs.32-35 ranges and hence accumulate it on dips to build your long term portfolio. 

#The stock of Ishan Dyes & Chemicals Ltd (Rs.58.35) which was recommended last week in this blog at around Rs.47-48. today made a high of Rs.63 and closed above the psychological level of Rs.57 up more than 4%. It is one of the manufacturers of H-acid, which his a hot commodity now due to Chinese crackdown. For those who have entered earlier should look to book some profits as the scrip is looking a little stretched on the charts. I feel after some consolidation around the current ranges, the stock would again try to test the Rs.62-63 zone. Hence, if you have invested recently then you can remain invested with a SL at Rs.56 (exit) on closing basis.

#There is no stopping of Eros International Media Ltd after the company came out with superb Q2FY19 results. Today the share made an intraday high of Rs.106.80 before closing at Rs.105.60. The scrip is showing good momentum and have formed a bullish 3-white soldier pattern on the daily chart confirming reversal of the bearish trend. We can look for targets of Rs.131-137 in the coming days. Remain invested with a SL at Rs.97.

WISH YOU ALL A VERY HAPPY KAALI POOJA, LAXMI POOJA & DEEPAWALI. MAY GOD BLESS YOU ALL, WITH WEALTH AND PROSPERITY. 

 ~~with inputs from Capital Market Live News....

Some Raw Data

Photo: Best Picks From Dolly Khanna

1. Lasa Supergenerics Ltd (Rs.21.70):~

#Market Cap: Rs.49.50 Cr

#EPS - Rs.1.02

#Price/Book -- Rs.0.42

#P/E -- 21.23

#Industry P/E -- 39.22
#Face Value -- Rs.10

2. Omkar Speciality Chemicals Ltd (Rs.10.10):~

#Market Cap -- Rs.21.38 Cr only.

#P/E -- 0.58

#Book Value -- Rs.94.99

#EPS -- Rs.18.02 (From Money Control Website. Double Check from your sources)

#Price/Book -- 0.11

#Industry P/E -- 39.22

#Face Value -- Rs.10.

Though the scrip of Lasa Supergenerics Ltd has been hitting the upper circuits since the last couple of days. I find that, its parent company, Omkar Speciality Chemicals Ltd where corporate bodies and NRIs hold 6.55% and 2.94% respectively, to be more promising.
However, both the companies are good as far as creating wealth for the shareholders are concerned and hence you can decide your choice, from the two. 

Winning Strokes: Think Different

Anant Raj, Tech Park - Panchkula, Haryana

Key equity indices settled with modest losses on first trading day of the week due to negative Asian stocks. Key barometers remained in negative zone for majority of the day's trading session. The Sensex settled below the psychological 35,000 level after sliding below that level in early trade.

The Sensex fell 60.73 points or 0.17% to settle at 34,950.92. The index rose 111.76 points, or 0.32% at the day's high of 35,123.41. The index fell 200.05 points, or 0.57% at the day's low of 34,811.60.

The Nifty 50 index fell 24.80 points or 0.24% to settle at 10,528.20. The index rose 5.80 points, or 0.05% at the day's high of 10,558.80. The index fell 76 points, or 0.72% at the day's low of 10,477.

The S&P BSE Mid-Cap index fell 0.47%. The S&P BSE Small-Cap index fell 0.28%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1290 shares rose and 1308 shares fell. A total of 194 shares were unchanged.

State Bank of India jumped 3.45%. The bank's net profit fell 40.26% to Rs 944.87 crore on 1.80% increase in total income to Rs 66,607.98 crore in Q2 September 2018 over Q2 September 2017. The result was announced at the fag end of trading session today, 5 November 2018.

Cipla lost 7.33% after consolidated net profit fell 15.64% to Rs 366.91 crore on 1.01% decline in net sales to Rs 3947.93 crore in Q2 September 2018 over Q2 September 2017. The result was announced during trading hours today, 5 November 2018.

Umang Vohra, MD and Global CEO, Cipla, said that the company had a modest quarter but maintained a strong performance in its private market segment across geographies. Cipla's limited competition assets in the US are ramping up to drive quarter-on-quarter growth. The company also recently announced the approval of Metoprolol, another limited competition asset. As the firm enters the second half of this fiscal, multiple headwinds are likely to impact its reported performance. Having said that, the company is focusing on positioning its businesses for long term growth.

On the macro front, October data pointed to a stronger improvement in India's service sector, with an accelerated upturn in new work underpinning quicker rises in activity and jobs. Cost inflationary pressures eased, resulting in a softer increase in selling prices. Meanwhile, business sentiment remained positive, but was hampered by political uncertainty. At 52.2 in October, the seasonally adjusted Nikkei India Services Business Activity Index posted in expansion territory for the fifth straight month. Moreover, rising from 50.9 in September, the latest figure pointed to the quickest rate of growth since July.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 73.03, compared with its close of 72.45 during the previous trading session.

In the global commodities markets, Brent for January 2018 settlement was down 3 cents at $72.80 a barrel. The contract had fallen 6 cents, or 0.08% to settle at $72.83 a barrel during the previous trading session.

#The stock of Omkar Specialty Chemicals Ltd closed at Rs.9.95 in the NSE while its sister company, Lasa Supergenerics Ltd, which is into making of Veterinary APIs hit the upper circuits and closed at 20.65. Moreover, API Division’s turnover, as on March 31, 2015, was only Rs.71 Crores, amounting to 26.8% of total turnover of OSCL. This mean the bulk of the business is still with the parent company Omkar Speciality Chemicals Ltd. This gives some indication regarding the future path of this company. 

#Discount for the Life-time offer at less than Rs.2000 per year will close on 31st December, 2018. Those who want to avail of the discount should join before the stipulated time. The price of this package is likely to increase from 1st January, 2019. Also, discount is also being shelled out for the Yearly Package for Premium Subscription and will continue till 31st December, '18.. 

#My recommended Eros International Media Ltd reached my 2nd target of Rs.97, as the scrip hit the intraday high of Rs.98.9 and closed at Rs.97.55. What to do with this scrip? 

#The scrip of Yes Bank Ltd today made an intraday high of Rs.212.35 before closing at Rs.210.10. The has already reached my 1st target and nearly touched my 2nd target of Rs.221, this week. 

#The stock of UCO Bank Ltd recommended on Facebook on last Sunday in Facebook at Rs.18.50, made a high of Rs.22 in the BSE before closing at Rs.21.05 up 14.09%. Lot of positive developments are taking place in the company and if Rs.22-23 zone is cleared on the upside we could soon see the targets of Rs.27-31.

#Today Bank Nifty closed at 25732.2 up 30.55 points or 0.12%. I still maintain a target of 27000 in the coming days.

#The scrip of Ishan Dyes & Chemicals Ltd recommended in this blog at around Rs.47, today made an intraday high of Rs.58 and closed at Rs.55.75 above my 2nd target of Rs.55. The company is a major players in the H-acid segment. How to play with this scrip?

##The stock of Den Networks Ltd (Rs.68.45) has strong support around Rs.67-67.5 ranges. The scrip was recommended on 8 August, 2018 in this blog, at around Rs.47-48.20, citing the reasons for purchase; after which it made a high of Rs.80.30  in the BSE.. It was recommended earlier, but at much lesser price. If you follow this blog, then you can make lot of money, provided you do a bit of your own research too. 

#A Buy was initiated in the shares of Triveni Turbine Ltd at around Rs.111, for short term targets of Rs.117-135. SL: Rs.96 on last Friday.. The scrip made an intraday high of Rs.115.35, before  closing at Rs.113. The board of Triveni Turbine on Thursday approved a proposal for buyback at ₹150 a share for an aggregate amount not exceeding ₹100 crore, it said in a release to the exchanges. The buyback will be on proportionate basis and the resultant equity shares to be bought back with the maximum price is 66.66 lakh shares. The board of directors also noted the intention of the promoters to participate in the proposed buyback.

#A Buy was initiated in the scrip of Anant Raj Ltd at around Rs.37.5-38, for short term targets of Rs.45/52/56. SL: Rs.32. Anant Raj Group is one of the leading Construction and Infrastructure Developers in North India. The Anant Raj Group established in 1969, has to its credit landmark projects created through 4 decades of trust and experience. The company has a good land bank in the NCR region.

The entire land bank was acquired at a very low price and it is fully paid. Again, this land bank is within 50 KM of Delhi area. The company has portfolio of real estate assets which are spread in balanced manner.  There are land plots as also ready to lease commercial plots. Again company also has a township project named Anant Raj Estate. In addition, there are hotel plots also. This diversified balanced portfolio provides company the rental income, which generates cash flows, while other part of the real estate provides capital appreciation. If you have money, then buy and keep holding. I can assure you 100% returns from this price or the CMP; if the market (Nifty) continues to stay above 10450. The Face Value of the scrip is Rs.2 and not Rs.10.

#Nifty closed flat today at 10524 as expected. I had mentioned in Twitter on last Sunday that Nifty is likely to move sideways for some time before taking the route to touch 10700; while the action would be shifted in the small and mid cap space.

~~with inputs from Capital Market Live News......

Winning Strokes: Think Different

Photo: Triveni Turbines

The market climbed on Friday in line with global stocks as crude prices fell and the rupee extended gains to touch a one-month high. Global shares rose on hopes of a trade agreement between China and the United States. The Sensex ended above the psychologically important 35,000 mark after moving above and below that level in intraday trade. Weakness in IT shares capped gains.

The Sensex rose 579.68 points or 1.68% to settle at 35,011.65, its highest closing level since 16 October 2018. The index rose 758.23 points, or 2.20% at the day's high of 35,190.20. The index rose 217.83 points, or 0.63% at the day's low of 34649.80.

The Nifty 50 index rose 172.55 points or 1.66% to settle at 10,553, its highest closing level since 16 October 2018. The index rose 226.50 points, or 2.18% at the day's high of 10,606.95. The index rose 77.25 points, or 0.74% at the day's low of 10,457.70.

Among secondary barometers, the BSE Mid-Cap index rose 0.78%. The BSE Small-Cap index rose 0.76%.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1611 shares rose and 1054 shares fell. A total of 143 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Auto index (up 4.05%), the S&P BSE Metal index (up 3.04%), the S&P BSE Oil & Gas index (up 2.46%) outperformed the Sensex. The S&P BSE IT index (down 1.32%), the S&P BSE Teck index (down 0.96%), the S&P BSE Healthcare index (down 0.48%) underperformed the Sensex.

Oil sector stocks rose. Among oil exploration and production firms, ONGC (up 1.98%), Oil India (up 2.17%) and Reliance Industries (up 1.64%), edged higher.

Among state-run oil marketing companies, BPCL (up 6.69%) and Indian Oil Corporation (up 4.85%), edged higher.

IT shares declined on a firm rupee. Tech Mahindra (down 4.29%), Wipro (down 3.29%), MindTree (down 2.7%), Hexaware Technologies (down 2.55%), MphasiS (down 2.37%), TCS (down 1.28%), HCL Technologies (down 1.25%) and Infosys (down 0.65%), edged lower. Oracle Financial Services Software (up 0.25%) and Persistent Systems (up 0.87%), edged higher.

Appreciation in rupee dents top line of IT firms as these companies derive most of their revenues in dollar terms.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 72.505, compared with its close of 73.455 during the previous trading session.

In the global commodities markets, Brent for January 2019 settlement was up 9 cents at $72.98 a barrel. The contract had fallen $2.15 a barrel or 2.87% to settle at $72.89 a barrel during the previous trading session.

Overseas, shares in Europe and Asia jumped on Friday on hopes of a trade agreement between China and the United States.

On the US data front, the ISM manufacturing index fell to a six-month low of 57.7%. Respondents cited rising costs as a concern. The IHS Markit final US Manufacturing Purchasing Managers' Index printed at 55.7 for October, up slightly from 55.6 in September. A reading of at least 50 indicates improving conditions.

Nonfarm productivity growth grew at a 2.1% annualized rate in the third quarter. Unit labor costs rose by 1.2%.

The number of newly unemployed Americans seeking jobless benefits fell in the seven days ended 27 October to 212,000.

#The stock of Ishan Dyes & Chemicals Ltd (Rs.53.25) rose to Rs.55, intraday, my 2nd target, where Premium Members were asked to book profits. If you remember the scrip was recommended last week at around Rs.47.

#The stock of Omkar Dyes & Chemicals Ltd was recommended to the Premium Members and also in Twitter, the scrip hit the buyer freeze at Rs.10.35 in the NSE and Rs.10.55 in the BSE. It is a leading player in global tartaric acid market. Wine application owns prominent market share and consistently leads global tartaric acid market. This segment is estimated to grow at CAGR of 4% over the new couple of years, due to rising wine consumption in both advanced and developing countries. In addition, the demand from food & beverages application is projected to rise owing to growing trends for processed food and nutritive beverages in emerging economies of Asia Pacific and Europe, like Japan, China, Australia, and Spain, Italy and France respectively.

#A Buy call was given on the scrip of Reliance Communications Ltd (Rs.14.10) at around Rs.13-13.50, a couple of days back, on the premise that DoT will not have much leeway if it goes for an appeal against the TDSAT ruling. I am looking for targets of Rs.19-21, in the coming few weeks. The scrip made an intraday high of Rs.15.25 in the NSE, yesterday. 

#A Buy call was given in the stock of Housing Development & Infrastructure Ltd (Rs.21.45) at around Rs.20.70 on the news that a brokerage house has given a bullish call on the Real Estate sector. I am expecting the scrip to touch Rs.27-31, in the coming days, where profit booking is suggested.

#A Buy was initiated in the shares of Triveni Turbine Ltd at around Rs.111, for short term targets of Rs.117-135. SL: Rs.96. The board of Triveni Turbine on Thursday approved a proposal for buyback at ₹150 a share for an aggregate amount not exceeding ₹100 crore, it said in a release to the exchanges. The buyback will be on proportionate basis and the resultant equity shares to be bought back with the maximum price is 66.66 lakh shares. The board of directors also noted the intention of the promoters to participate in the proposed buyback.

#My Buy call on Bank_Nifty last week is going fine. Yesterday, it closed at 25701.65 up Twitter have made money in the scrip. I still mantain my target of 27000 going forward. 

#My Buy Call on Nifty_Futures at 10200, has already reached my target of 10400. Yesterday, the Nifty_50 closed at 10,585 up 171.55 points or 1.65%, much above the target price. 

#I will recommend a Momentum Counter next week to the Premium Members. Those who are interested to know the name in advance should either join my Premium Information Service or Trade through my recommended brokerage house, with a minimum portfolio size of Rs.2 lakhs. You can join me in TWITTER, for Free Stock Recommendations. If you can invest at around Rs.3-5 lakhs on profit sharing basis in momentum stocks and in F&O space, then I will assure you solid income, through both sides playing (buy  and sell).

Also, if anyone is interested in investing around Rs.1-2 crore in the Real Estate Sector in Mumbai Metropolis at around Rs.2000-2200 per sq. fit (Bulk Buying), then they are likely to get superb profits going forward. For this you  first have to show me:

#Money in your Account.

#Sign an MoU with me.

~~With inputs from Capital Market Live News.....

Market may resume slide

30-Oct-2018: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 55 points at the opening bell on mixed Asian cues.

Overseas, Asian shares were mixed amid renewed concerns about the ongoing US-China trade war. US stocks closed lower Monday in a volatile session as concerns about global growth resurfaced following a news report that suggested that the US is about to intensify its trade war with China.

President Donald Trump's administration is prepared to announce tariffs on remaining Chinese imports if talks next month between Trump and Xi Jinping do not yield results, the media reported. Such a move is expected to hurt the global economy.

On the US data front, consumer spending rose 0.4% in September. Incomes rose a smaller 0.2%, the smallest rise in 13 months, while inflationary pressures appeared to slacken. The personal-consumption expenditures inflation index, the Federal Reserve's favorite price gauge, rose 0.1% in September, while the 12-month rate slipped to 2% from 2.2%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 2230.79 crore on 29 October 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 2526.90 crore on 29 October 2018, as per provisional data.

Domestic stocks logged sharp gains on 29 October 2018, on strong buying demand in index pivotals. The barometer index, the S&P BSE Sensex, surged 718.09 points or 2.15% to settle at 34,067.40. The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The Sensex regained the psychological 34,000 level.

~~Powered by Capital Market Live News...

Winning Strokes: Think Different

Domestic stocks logged sharp gains on first trading day of the week on strong buying demand in index pivotals. The barometer index, the S&P BSE Sensex, surged 718.09 points or 2.15% to settle at 34,067.40. The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The Sensex regained the psychological 34,000 level.

Investors took cues from the Reserve Bank of India (RBI)'s announcement that it will buy government bonds in November as it seeks to inject liquidity into the market. The announcement eased worries about a credit crunch after defaults at a major infrastructure financing company, IL&FS.

Based on an assessment of the durable liquidity needs going forward, RBI has decided to conduct purchase of government securities under open market operations (OMOs) for an aggregate amount of Rs 40,000 crore in the month of November 2018. The auction dates and the Government securities to be purchased in the respective auctions would be communicated in due course. The OMO amount stated above is indicative and RBI retains the flexibility to change it, depending on the evolving liquidity and market conditions, RBI said in a statement on 26 October 2018. I had mentioned earlier that OMOs will be conducted to induce liqudity into the system. 

The Sensex surged 718.09 points or 2.15% to settle at 34,067.40. The index hit high of 34,154.60 and low of 33,341.80 during the day.

The Nifty 50 index surged 220.85 points or 2.20% to settle at 10,250.85. The index hit high of 10,275.30 and low of 10,020.35 during the day.

Broader market surged. Among secondary barometers, the BSE Mid-Cap index rose 2.8%. The BSE Small-Cap index rose 2.06%.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1816 shares rose and 767 shares fell. A total of 170 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 4.21%), the S&P BSE Realty index (up 3.71%), the S&P BSE Captal Goods (up 3.55%) outperformed the Sensex. The S&P BSE Auto index (up 1.71%) and the S&P BSE FMCG index (up 0.99%) underperformed the Sensex.

Pharma shares gained. Cadila Healthcare (up 3.42%), Cipla (up 5.06%), Dr Reddy's Laboratories (up 5.44%), Glenmark Pharmaceuticals (up 1.99%), Lupin (up 3.72%), Sun Pharmaceutical Industries (up 3.43%), GlaxoSmithKline Pharmaceuticals (up 4.48%), Aurobindo Pharma (up 6.93%) and Wockhardt (up 11.37%) advanced. Alkem Laboratories (dow 1.08%) declined.

Divi's Laboratories jumped 14.91% after net profit surged 92.31% to Rs 397.65 crore on 47.77% rise in total income to Rs 1365.05 crore in Q2 September 2018 over Q2 September 2017. The result was announced on Saturday, 27 October 2018. I had earlier asked all to exit the short call on the scrip at the cost price, after it failed to perform as expected. 

On the macro front, India's exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, at the Export Summit 2018 organised by Confederation of Indian Industry in New Delhi today. The Minister further stated that Commerce Ministry is working on a strategy to revitalize India's exports and is working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries have already been held where different ministries and stakeholders have been consulted after which a matrix of specific action points have been prepared sector wise, commodity wise and territory wise.

Suresh Prabhu further stated that he is personally monitoring the progress and regular meetings are being held with sectoral ministries, export promotion councils and exporters. Certain issues which were affecting growth of exports have been specifically taken up with Department of Revenue and Ministry of Environment. The Commerce Minister also said that the soon to be unveiled agri export policy will give a major boost to the agricultural sector and will pave the way for Indian farmer's income to be doubled. India produces 600 MT of agricultural produce and has the capacity to export the excess production to the world.

On the data front, the Commerce Department reported that the US economy grew 3.5% in the third quarter. Second-quarter growth held at 4.2%. Meanwhile, the University of Michigan's consumer sentiment index came in at 98.6.

#Gravita India Ltd recommended both to the Paid and Free Groups and in Twitter at around Rs.67-68, hit the buyer freeze at Rs.73.10 in the NSE. It however closed at Rs.72,95 in the NSE, with a volume of 371,942. As of June, '18, Gravita India Ltd was having an order book of approximately Rs. 260 Crores in hand for Lead, Aluminium and Plastic products. Sheath Materials Market is Growing Exponentially: One of the major companies operating in the global Sheath Materials market is Gravita India Ltd.

#The scrip of Eros International Media Ltd today touched Rs.75.40 in the NSE before closing at Rs.71.85. Yesterday, it was reiterated a buy in Twitter, after its excellent Q2FY19 results. Buy on dips for the targets mentioned earlier. 

#Today, the stock of Ishan Dyes & Chemicals Ltd was recommended to the Premium Members and to those on Twitter and Facebook at around Rs.47. The scrip touched Rs.48.80 before closing flat. The company is into the manufacturing of H-acid, which is an important dye Intermediate extracted from naphthalene. According to a report in Dalal Street Investment Journal, H-acid is used in manufacturing of large number of black dyes, Azo dyes and pigments which are then used to dye paper, textiles etc. It major applications are industrial, food, cosmetic, pharmaceutical. H-acid is the most polluting industrial effluent that generates 50 kg of waste for every one kg of usable material. It is toxic and non-biodegradable causing severe land, air and water pollution. Having considered the ill-effects of H-acid manufacturing process, most developed countries of the world gradually have phased it out already.  However, the demand for H-acid continues as there is no other alternative to its uses. For this reason, the manufacturing was outsourced to countries like China and India where environmental norms are not as strict. India is the second largest manufacturer of H-acid globally after China with majority of production being done in Gujarat & Maharashtra by SMEs. This industry is witnessing a good time, following China's crackdown on local industry to lower pollution, which has resulted in irregular supply and thus doubling of prices of H-acid. Buy the scrip and keep holding for targets around Rs.59-60, from where it fell.

#A buy call was initiated on Bank Nifty, last week which surged today and closed at 25,085.55 up 583.10 points or 2.38%. I am having a target of 27000, which will give you decent returns on your investment 27000 call which is now trading at Rs.36.50, up Rs.17.80 or 95.19% from Friday's closing price. Follow me on Facebook and Twitter, especially the latter to make decent money from the equities. 
If you have made some money from my calls, then you can always think of sharing a part of your profit, to Support Me and My Blog. You can also form a group, of say of 250 people (investors/traders/learners, etc) each contributing Rs.500 (five hundred) per month and come to me -- I am always welcome for such mechanisms, through which I can deliver my expertise and my more than 2-decade old experience to you, at a minimum price tag. I don't think Rs.500 per month would be ab big deal for you; but for that you need to take an initiate to form a team.

#I Reiterate a buy on the scrip of Tamil Nadu Petroproducts Ltd at the CMP of Rs.37.95. The Net Profit of Tamil Nadu Petro Products rose 66.78% to Rs 19.33 crore in September 2018 quarter as against Rs.11.59 crore in Q2FY18. Sales rose 41.55% to Rs 333.71 crore in September 2018 quarter as against Rs.235.75 crore during September 2017 quarter.

#Nifty as expected climbed up 221 points (2.2%) to close at 10250, in one of the biggest rally since October 12. There was all round buying interest in the market after a long time on account of impressive quarterly results by some bellwether companies, 10-Year Bond Yield's fall to 2-month's low and recovery in the global markets also added to the momentum. 

PSU Bank Index (up 8%) was the biggest gainer today since October 2017 on account of fall in 10-year G-Sec Yield after the RBI announced OMOs worth Rs.400 billion. 

If you remember, I had mentioned last week on Twitter about NOT taking any fresh short position in Nifty_Future, even though the Spot_Nifty broke the decisive 10100 mark on the downside. Instead I asked all to consider a BUY on Bank Nifty, in view of a report that "Green shoots have started to emerge..".
Meanwhile, the private bank major, ICICI Bank surged 11% to close at Rs349, after announcing strong quarterly results. Moreover, there was short covering, bargain hunting in the mid-cap and small cap stocks due to decline of 30-50% from their recent peaks. 

NBFC stocks, which were hammered during the last few weeks following the investors' concerns on their fundamentals, gained on hopes of the Government and RBI's initiatives to increase liquidity. There were also media reports that the GOI could hasten the bank re-capitalization process, in order to give a lifeline to the NBFCs.

#If you have lost money earlier, don't worry, come with fresh funds, I will help you recover your losses and then come out victorious. I am now applying different techniques to cut your losses and emerge as gainers. Also, life-time discounted offer at only Rs.2000 per year is going on, which will continue till 31st December, 2018. This is just one time investment you need to do and then remain free from any subscription charge for the next 30 years.

~~with inputs from Capital Market - Live News....