Market wrap-up (24 July 2015):
Market ends in a red territory for the second day; FMCG stock surged.
The market fell for the second consecutive day in the absence of fresh positive trigger as tepid quarterly results from prominent companies weighed on the indices. Nifty ends below 8550 levels this week falls 68 points and finally ends at 8521, Sensex dips 258 points ends at 28112.
HEADLINES FOR THE DAY:
- Shares of IDFC moved higher after its arm gets banking license.
- All indexes end in a red zone except CNX FMCG.
- ABG Shipyard gains in early trades after block deal.
- Lupin shares fall a company’s Goa plant under USFDA scanner.
- Reliance arm signs MoU (memorandum of understanding) with Augur.
KEY STOCKS FOR THE DAY:
- Tata Communications moved higher as the company plans to sell 74 percent stake in its subsidiary.
- After record high shares of PVR declines more than 5 percent after block deals.
- Tech M (Tech Mahindra) gains as announced partners for Intelligent Electric Vehicle Charging System Project.
- Cox & Kings told that company renews its alliance with InterGlobe Technology Quotient; stock dips.
- Shares of Wockhardt moved higher in an early trade on the media reports that USFDA completes inspection.
- Crompton Greaves falls 5 percent today after reported 75 per cent fall in quarter one net profit at Rs 16 crore as Forex gain failed to boost the bottom line.
- Axis Bank Q1 profit up by 19 percent reported at Rs 1978.44 crore on the back of other income and operating profit; NPA increase to 1.38% from 1.34%.
- TVS Motor falls in a positive market after the company reported lower than expected Q1 numbers, profit up 25 percent to Rs 90 crore.
- Eveready Industries gains as Q1 profit jump 50 percent, which stood at Rs 15.89 crore against 10.6 crore same quarter last year.
- ABB reported disappointing Q1 number, profit jumps by 20 percent at Rs 54.45 crore; revenue and operating performance met street forecast.
- Biocon shares moved higher after Pharma Company reported a 23 percent hike in Q1 net profit at Rs 126 crore.
- United Spirits gain more than 5 percent today as the company reported profit against loss, profit stood at Rs 19.92 crore against loss of 61.83 crore same quarter last year on the back of higher sales.
- Tata Elxsi hits fresh high on NSE after the company reported robust quarter one earnings, a 71 percent jump in net profit which stood at Rs 1612 crore.
- GAIL dips in an otherwise market on the back of weak Q1 numbers. Profit falls by 32 percent for the June quarter.
- M&M Fin net profit for the Q1 falls by 42.6 percent reported today, which stood at Rs 42.6 crore against 88.9 crore on the back of higher provisions.
- Granules India surged more than 6% today after reported 19 percent jump in net profit for the quarter April-June 15.
Daily Call & Stock Trading Tips For Next Session:
- Tata Elxsi EQ gains after reported strong Q1 number, stock hits fresh high on this news positive momentum may continue with the next trading session. Buy above 1616.50 targets 1632.70/1649/1665.50 SL 1600.
- Nilkamal EQ gains on the back of huge volumes, more buying seen as it ends with a big bullish candle in daily and weekly charts, buy above 829 targets 837.20/845.70/845.10 sl 820.70.
- Bank of Baroda EQ is consolidating in daily charts, trend line could be seen in daily charts more buying could be seen if able to sustain above it buy above 158.10 targets 161.30/164.50 maintain SL of 154.90.
- Indusind Bank is heading towards its all time high, more buying could be seen in stocks Buy above 986.30/1006 SL 947.50.
NEWS TO WATCH OUT:
- Watch out for the Quarterly numbers Ambuja Cements, Geometric, Jindal Saw, Just Dial, Kec, MRF, Tech Mahindra and Torrent Pharma on Monday i.e. on 27th July 2015.
US jobs data also support US Fed’s stance on increasing interest rates by September, 2015. Greek lenders, European commission along with the IMF, will discuss about the possible format of bailout execution in Athens (Capital of Greece) today. Axis Bank, Reliance Inds, ABB, Bharat Electronics, Crompton Greaves, Kolte Patil Developers, Mahindra Finance, Supreme Inds and TVS Motors will announce their Q1 June 2015 result today. Sectors like Auto, Banks, Capital Goods, FMCG, Metal, Oil and Gas and Power are trading marginally lower. Analysts are watching monsoon session of parliament very closely; any developments over GST or land bill will push indices up.
Top 25 Trading Rules Of NSE & BSE
Rule 1: Bulls, Bears create Money, Pigs obtains Slaughtered.
It’s necessary for every trader to know, when to get some off the table.
Rule 2: It is OK to give the Taxes.
The stop fearing the tax man & start fearing the lots of loss man because profits can be fleeting.
Rule 3: Don’t Buy every at Once or single time.
To increase your profits, levels your buys, employment your orders & try to get the better price over time and find proper Nifty Trading Tips.
Rule 4: Buy spoiled Stocks, Not spoiled Companies
There are no repayments on BSE & BSE, so do your analysis and focus your deals on spoiled stocks rather than companies.
Rule 5: Diversify to Manage Risk.
If you manage the downside & diversify your holdings, the upward side will get care of itself.
Rule 6: Do Your Stock & Commodity Homework.
Previous to you buy any type of stock, it’s significant to research every aspect of the corporation.
Rule 7: No One Made a Dime by Panicking.
There will forever be a better time to go away the table, so it is most excellent to avoid the fleeing masses.
Rule 8: Buy Best of Strain Company’s shares.
The investing in the additional expensive stock is typically worth, it is because you take pieces of the mind.
Rule 9: Defend A few Stocks, Not All.
When share market trading gets tough, select your preferred stocks & defend only those.
Rule 10: Terrible Buys Won’t Turn into Takeovers
Terrible companies never obtain bids, so it’s better quality fundamentals you require to focus on.
Rule 11: Don’t Own Too Many Names
It can be restricted, but it’s better to have some positions you recognize well & like.
Rule 12: Cash Is for the Winners.
If you don’t expect the market or have anything compelling to pay money for, it’s never incorrect to go with hard cash.
Rule 13: No Would have, Should have, Couldas
This damaging feeling is destructive to the helpful mindset needed to create investment decisions.
Rule 14: Expect, Do Not Fear Corrections.
It is not forever clear, when an alteration will strike, so wait for and be ready for one at every time. More
Rule 15: Don’t Forget Bond.
It’s very important to observe more than stocks, shares & bonds are the stock’s direct opposite side.
Rule 16: Never Tamper Losers With Champions.
Some trader stuck in this market position would perform well to sell sinking shares and wait a day.
Rule 17: Check Hope at the Door.
The hope is an emotion, pure & simple, and dealing is not a game of the emotion.
Rule 18: Be Flexible.
To know and be open to the unforeseen shifts in the marketplace because business, by environment, not static, is dynamic.
Rule 19: When the Chiefs Retreat, So Must You
High-level managers don’t quit a corporation for personal reasons, so that is a symbol something is incorrect.
Rule 20: Giving Up on Value Is a Sin.
If you don’t have the endurance, think about letting someone who does run with your money.
Rule 21: Be a TV Critic.
Accept that, what you see & hear on television is most possible right, but no extra than that.
Rule 22: Wait 30 Days following Pre Announcements.
Pr-announcements indication ongoing weakness, stay 30 days to look, if anything has gotten improved before you drag the trigger to buy
Rule 23: Beware of NSE & BSE Hype and Follow Option Trading Tips.
Never undervalue the promotion machine because researcher gets behind shares and can keep them motivated in an up direction well ahead of reason.
Rule 24: Explain Your Picks,
Buying stocks is a lonely event, to single in fact, so forever make sure you can glaring your reasoning to someone else.
Rule 25: There’s Forever a Bull Market.
It’s OK, if you have to effort hard to locate it, just don’t evade to what’s in bear form because you are time constrained or rationally lazy.