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Nifty Bank 36197.15 (-0.85%)
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Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
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Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
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H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
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ICICI Bank 716.30 (-0.84%)
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Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
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NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

BTST/STBT Trading Tips for Today: 16th November, 2021

BTST/STBT Trading Tips for Today: 16th November, 2021
by 5paisa Research Team 16/11/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.


BTST/STBT Trading Ideas for Today
 

1. BTST : TATAMOTORS NOV FUT

- Current Market Price: Rs. 522

- Stop Loss: Rs. 518

- Target 1: Rs. 527

- Target 2: Rs. 533
 

2. BTST : M&M NOV FUT

- Current Market Price: Rs. 961

- Stop Loss: Rs. 953

- Target 1: Rs. 982
 

3. STBT : HINDUNILVR NOV FUT

- Current Market Price: Rs. 2,405

- Stop Loss: Rs. 2,422

- Target 1: Rs. 2,378

- Target 2: Rs. 2,360
 

4. STBT : AMBUJACEM NOV FUT

- Current Market Price: Rs. 413

- Stop Loss: Rs. 416

- Target 1: Rs. 405
 

5. BTST : TRENT NOV FUT

- Current Market Price: Rs. 1,196

- Stop Loss: Rs. 1,186

- Target 1: Rs. 1,120

- Target 2: Rs. 1,232

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Chart Busters: Top trading set-ups to watch out for Wednesday.

Chart Busters: Top trading set-ups to watch out for Wednesday
by 5paisa Research Team 17/11/2021

On Tuesday, in the first half, the Nifty index traded in a narrow range of 100 points, but in the afternoon trade, a sharp decline was witnessed. From the high of Rs 18124.15, the index has lost 161 points and closed below the 18000 mark. The price action has formed a bearish candle carrying a lower low and a lower high. The overall advance-decline was tilted in the favour of the decliners.

Here are the top trading set-ups to watch out for Wednesday.

Greaves Cotton: The stock has formed Shooting Star like candlestick pattern as of June 24, 2021, and thereafter witnessed correction. The correction is halted near the 50% Fibonacci retracement level of its prior upward move (Rs 66-Rs 184.40) and it coincides with the 50-week EMA level. The stock has formed a strong base near the support zone for 12-weeks.

On Tuesday, the stock has given a breakout of a downward sloping trendline resistance on the daily chart. This breakout was confirmed by robust volume. In addition, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout. The bullish candle formation has come along with a rise in the daily range. The last 10-days average is 5.70 points whereas Tuesday’s range was almost 17.15 points.

The Relative Strength Index (RSI), which is a momentum indicator in the weekly timeframe, surged above the 60 mark for the first time after July 15, 2021. The weekly RSI has also given positive crossover. Moreover, it has also given the buy signal in Martin Pring’s long-term KST set-up. On the daily timeframe, ADX is 14.02 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

The technical evidence indicates a strong upside in the coming days. On the upside, the level of Rs 155, followed by Rs 162 will act as minor resistance for the stock.

Cyient: Considering the daily chart, the stock is trading in a rising channel since January 2021. On Tuesday, the stock has bounced exactly from the edge of the lower trendline of the rising channel. The rising trendline support was confluence with the 50-day EMA level. The reversal from trendline support was further justified by a relatively higher volume. Further, on Tuesday, the stock has surged above its 20-day EMA level.

The momentum indicators and oscillators are also supporting the overall bullish price structure. The leading indicator, 14-period RSI has taken support near upward sloping trendline support and given bullish crossover, which is a bullish sign. The daily stochastic has also given bullish crossover.

Considering the above factors, we expect the stock to test levels of Rs 1200 followed by 1290 levels. On the downside, the 50-day EMA will act as strong support for the stock, which is currently placed at the Rs 1079 level.

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Interview with Deep Industries Ltd.

Interview with Deep Industries Ltd.
by 5paisa Research Team 17/11/2021

We are developing processing capabilities in terms of different applications for various industries to have a larger incremental share of the overall market.

In conversation with Paras Savla, Chairman and Managing Director, Deep Industries Ltd.

What are your top three strategic priorities as of now?

Firstly, there is a great push from the Government of India in terms of making India a Natural Gas production and consumption hub and already significant progress has been made in terms of broader vision as well as specific policy push measures. So obviously we are also forming and pursuing our strategic priorities there. We are already having a good meaningful presence in Natural Gas Processing via Natural Gas Compression and Natural Gas Dehydration both being very critical before the Natural Gas gets put into any kind of usage. We are also enhancing our processing capabilities in terms of different applications for different industries to have a larger incremental share of the overall market and be ready with our service offerings to tap the newer opportunities in the Natural Gas industry. I believe this puts us in a stronger and better position over the medium to long term.

Secondly, we believe that not just the industrial demand but also the retail consumption is coming up in a huge way for natural gas in India. As you see CNG has already started becoming the new preference among the consumers in a big way due to it being a relatively cheaper and cleaner energy source. India has abundant reserves of natural gas and this again makes it a strong contender as fuel among industrial and retail consumers. As a part of the huge CGD Network expansion initiative, as many as 23000 booster CNG Compression stations and 6600 online CNG Compression stations are expected to come up during the next 7-8 years. This makes up a very compulsive and strong demand scenario for booster compressor packages which our subsidiary RAAS Equipment manufactures. We expect multi-fold growth at RAAS over the next decade.

 Thirdly we have started working on reciprocating compressors which run on biogas as a fuel. The space has got remarkable growth potential in the backdrop of large rural energy requirements and relatively weaker energy networks there. We believe that biogas will play a larger role in the overall energy mix in the coming years.

What are your growth drivers?

The above stated strategic initiatives and priorities should be largely driving the growth going forward. The Indian Government is already aggressively pushing for a “Gas Based Economy’ and this allows us to further our push in that direction. Gas application, be it for industrial or domestic usage, now holds the potential for multi-fold expansion in India in the backdrop of clear and aggressive policy push by the Government. Apart from the booster of CNG compressors, we are also looking in for the gas generating sets, because around two or three years down the line, we can expect a paradigm shift from a diesel economy to a gas economy. We strongly believe these endeavours will augur well for our business and help us contribute to the growth of the energy sector.

What are the challenges faced by Deep Industries to achieve its strategic goals?

Adapting technology on time, ensuring efficient execution with precision and staying relevant by way of having services offering to tap new opportunities are key to fulfilling these strategic goals. We look forward to exploiting our rich experience and execution capabilities and are confident of mastering these challenges.

What steps have been taken to increase your market share?

Deep Industries Ltd works around a robust strategy and hence our strategic initiatives are directly tied towards enhancing our services portfolio and specific deliverables for every different application. This helps us to increase our market presence and share and that too in a sustainable fashion. So, the goal is to have a sustainable increase in market share.

Also, we believe that from here on the markets would be growing at quite a good pace but will also be ever-changing and hence the key is to adopt upcoming technologies to address upcoming changes in the markets. I believe our strategic initiatives are well-aimed at enhancing our market share.

Our recent foray into the manufacturing of booster compressors is the step in this direction – to increase our presence across the value chain.

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Is Voltamp Transformers a momentum buy? Find out here

Is Voltamp Transformers a momentum buy? Find out here
by 5paisa Research Team 17/11/2021

Voltamp Transformers Limited is engaged in the manufacturing of electrical transformers and equipment. It is a smallcap company with a market cap of Rs 2,948 crore. The company has reported higher than industry average growth over the last five years while its market share has also increased to 2.35% from 1% over the same period. This certainly shows that the management is committed to capturing market share at a brisk pace, which is appreciated by the market participants and testimony of this is the strong up-move witnessed in the stock price.

The stock has performed exceptionally well by delivering returns of 62.24% YTD. On a YoY basis, the stock has jumped 80.77% and it has also gained 39.49% in a 3-months’ time frame. This shows that the stock is performing strongly not only for the longer term but also for a short duration and at the same time it is seen outperforming the Nifty500 index. The company recently announced its quarterly results which were good and the company management expects better performance in times to come.

The stock was into the consolidation phase in the last few months before rallying in November. Good volume has been recorded in the past few trading sessions and the stock has gone on to touch fresh all-time highs and has taken out its all-time high. It is in an extreme bullish mood as all the key moving averages are trending up and the stock price is above the key moving averages. The RSI at 77 suggests the strong momentum of the stock. The positive directional movement (+DMI) crossed the -DMI a few days back and currently it is well above it. This shows strong strength and true potential in the stock.

Considering the performance Voltamp Transformers has shown, we can expect the stock to continue its momentum on the higher side. The stock looks technically strong as traders can expect some good returns for the short term.

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Stocks attracting Fund Managers in October 2021

Stocks attracting Fund Managers in October 2021
by 5paisa Research Team 17/11/2021

Everyone is eager to know what the mutual fund managers bought and sold. But most importantly you want to know what they actually bought. So, let’s know which stocks attracted fund managers in October 2021.

In the month of October 2021, the financial sector and Information Technology ruled the roost when it comes to investment from mutual funds. These two sectors were on the top of the fund managers’ buying list.

Top 10 Companies among Large-Cap where MFs were Net Buyers in October 2021

Stock Name  

Sector  

Net Qty Bought  

Approx. Buy Value(In Rs. cr) *  

HCL Technologies Ltd.  

Technology  

25889145  

3136.86  

Tata Consultancy Services Ltd.  

Technology  

5380247  

1929.71  

ICICI Lombard General Insurance Company Ltd.  

Financials  

12288356  

1886.91  

Infosys Ltd.  

Technology  

9689951  

1619.7  

Axis Bank Ltd.  

Financials  

20024671  

1510.43  

ICICI Bank Ltd.  

Financials  

19896058  

1495.1  

HDFC Bank Ltd.  

Financials  

7557497  

1200.81  

Bharti Airtel Ltd.  

Media and Communications  

15695133  

1056.62  

FSN E-Commerce Ventures Ltd.  

Retail and Other Services  

6552513  

737.16  

Ultratech Cement Ltd.  

Construction  

923372  

694  

The above table shows that in the month of October 2021, among large-cap, mutual funds preferred the financial sector including banks. In the top ten, three are banks and one is an insurance company. The total approximate buying done in the financial sector in large-cap is Rs 8010 crore in the month of October 2021.

The trend is not different for Mid-cap stocks. Even mid-cap financials remain the favourite of mutual funds.

Top 10 Companies among Mid-Cap where MFs were Net Buyers in October 2021

Stock Name  

Sector  

Net Qty Bought  

Approx. Buy Value(In Rs. cr) *  

Zee Entertainment Enterprises Ltd.  

Media and Communications  

20488934  

618.92  

Aditya Birla Sun Life AMC Ltd.  

Financials  

6120242  

416.51  

Max Financial Services Ltd.  

Financials  

3849119  

382.58  

Bank Of Baroda  

Financials  

34033013  

305.02  

Emami Ltd.  

FMCG  

4293653  

237.28  

Manappuram Finance Ltd.  

Financials  

11886437  

224.03  

Indian Bank  

Financials  

14319582  

223.71  

Escorts Ltd.  

Automobile and Ancillaries  

1340334  

204.37  

ABB India Ltd.  

Capital Goods  

985858  

196.7  

The Federal Bank Ltd.  

Financials  

21167059  

192.36  

Top 10 Companies among Small-Cap where MFs were Net Buyers in October 2021

Stock Name  

Sector  

Net Qty Bought  

Approx. Buy Value(In Rs. cr) *  

Delta Corp Ltd.  

Miscellaneous  

8571074  

223.71  

Fino Payments Bank Ltd.  

Financials  

3646425  

210.4  

Gokaldas Exports Ltd.  

Textile  

10023606  

205.61  

City Union Bank Ltd.  

Financials  

11931202  

194.36  

Prince Pipes and Fittings Ltd.  

Consumer Durables  

2194894  

155.97  

The India Cements Ltd.  

Construction  

6405040  

130.15  

RBL Bank Ltd.  

Financials  

6649689  

123.5  

Sheela Foam Ltd.  

FMCG  

482470  

116.02  

Multi Commodity Exchange Of India Ltd.  

Financials  

548652  

92.24  

PCBL Ltd.  

Chemicals  

3161759  

76.99  

The intention of the above analysis is only to understand the activity of mutual funds and gauge the fund managers’ approach and it is by no means, a recommendation to buy or sell. It is always advisable to have a financial plan in place, which must be followed with discipline and investments in mutual funds being made to be based on your risk assessment.

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Explained: What are new SEBI proposals on IPO fundraising, anchor investors?

by 5paisa Research Team 17/11/2021

As India’s primary markets activity reaches unprecedented levels in terms of fundraising, the Securities and Exchange Board of India has proposed certain tweaks to existing regulations related to initial public offerings.

Before proposing these tweaks, the Primary Market Advisory Committee (PMAC) of SEBI had discussed these measures. The capital markets regulator is now seeking public comments on these proposals by the end of November. Here’s a quick look at the proposals.

What is the percentage limit on use of proceeds towards acquisitions?

SEBI has proposed that companies earmark a maximum 35% combined limit (including a 25% fund allocation for general corporate purposes) for companies looking to deploy the proceeds towards unidentified future acquisitions.

The regulator said it lately observed many companies, especially new-age technology companies, proposing their IPOs where an undisclosed sum was reserved for future mergers and acquisitions (M&A) without identifying them.

However, such a practice may lead to uncertainty and ambiguity. In other words, it may dilute the company’s real objective for going public. The regulator views these uncertainties increasing in nature where a major portion of capital in an IPO is utilised in fresh capital raising, it said in a consultation paper.

SEBI clarified that such limits may not be applicable where a company has identified a target company for an acquisition, and the objects are disclosed in IPO proposals.

The regulator says new-age technology companies are mostly asset-light organizations and may not require funds traditionally required by the companies for objectives such as investment for fixed assets or capital expenditure.

“The growth in such businesses comes from expanding into new micro-markets and adding or acquiring new customers, companies, technology etc. Accordingly, for primary issuance i.e. for funds raised through fresh issues, such new-age technology companies disclose objects in their offer documents under such heads as ‘Funding of Inorganic Growth Initiatives’, so as to cater to their needs,” SEBI said.

Is there a need to increase the lock-in period for anchor investors?

The regulator wants to review the duration of the lock-in period for anchor investors. It says that a longer lock-in will provide more confidence to other investors.

SEBI does not wish to introduce a strict lock-in duration. Instead, it has proposed that at least half the shares due for allotment in the anchor book be allotted to investors who agree to remain locked-in for at least 90 days.

At present, SEBI regulations have a 30-day lock-in for anchor investors from the allotment date.

“The concept of anchor investors was introduced to inspire confidence in the issue especially when such investors commit moneys upfront and thus provide an indication of price as well as improve the price discovery during IPO. Other investors may take cue based on the investment decisions of anchor investors,” SEBI said.

Should proceeds earmarked under general corporate purposes be monitored?

SEBI proposed that the issue proceeds earmarked under general corporate purposes may also be brought under monitoring. Further, the utilisation of proceeds towards such corporate initiatives may need to be disclosed in the quarterly monitoring agency report.

Under current regulations, a maximum of 25% of the fresh net proceeds from a public offering can be used for general corporate purposes. Also, there are no clear regulations that require any disclosures relating to deployment of funds earmarked for general corporate purposes.

SEBI said that companies are coming up with issues which are very large in size. With larger issue size, general corporate purpose amount also becomes very substantial. For instance, in a Rs 10,000 crore fresh issue, a company can have Rs 2,500 crore earmarked under general corporate purpose.

“Given the large size of IPOs, there is a need to provide adequate information about the utilisation and monitoring of such a large portion of issue proceeds, earmarked under general corporate purposes,” SEBI said.

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