Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
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%)
Bajaj Finance 7069.25 (-1.55%)
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%)
Grasim Inds 1703.90 (-1.16%)
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%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
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%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
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: 22nd October, 2021

BTST/STBT Trading Tips for Today: 22nd October, 2021
by 5paisa Research Team 22/10/2021

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 : ASTRAL OCT FUT

- Current Market Price: Rs. 2,190

- Stop Loss: Rs. 2,175

- Target 1: Rs. 2,223

-Target 2: Rs. 2,250
 

2. STBT : SRF OCT FUT

- Current Market Price: Rs. 325

- Stop Loss: Rs. 328

- Target 1: Rs. 318
 

3. BTST : ASIANPAINT OCT FUT

- Current Market Price: Rs. 2,960

- Stop Loss: Rs. 2,935

- Target 1: Rs. 2,990

-Target 2: Rs. 3,025
 

4. STBT : MCX OCT FUT

- Current Market Price: Rs. 1,801

- Stop Loss: Rs. 1,817

- Target 1: Rs. 1,760
 

5. STBT : TATACONSUM OCT FUT

- Current Market Price: Rs. 798

- Stop Loss: Rs. 806

- Target 1: Rs. 780

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Tata Consumer Products Q2 profit rises 5%, revenue climbs 11%

by 5paisa Research Team 22/10/2021

Tata Consumer Products Ltd reported a 5% rise in consolidated net profit for the second quarter that was in line with quarterly earnings growth of larger rivals Hindustan Unilever and Nestle.

The food and beverage arm of the Tata Group said Friday net profit for the July-September period rose to Rs 286 crore from Rs 273 crore a year earlier. Consolidated EBITDA also grew 5% to Rs 420 crore.

Revenue from operations, net of exits, grew by 11% to Rs 3,033 crore as compared with the corresponding quarter of the previous year, mainly driven by a growth of 14% in India beverages and 23% increase in India foods business.

The company said its international business was flat on a like-to-like basis due to an elevated base last year because of increased home consumption of tea and coffee.

Tata Consumer is the second-largest branded tea company in the world. Its portfolio of products includes tea, coffee, water, salt, pulses, spices, ready-to-cook offerings, breakfast cereals and snacks.

Its food portfolio includes brands such as Tata Salt, Tata Sampann and Tata Soulfull. Its beverage brands include Tata Tea, Tetley, Eight O’Clock Coffee, Tata Coffee and Himalayan Natural Mineral Water.

Earlier this week, bigger rival Hindustan Unilever reported an 8.8% rise in its quarterly net profit while Nestle India posted a 5% increase in its earnings.

Shares of Tata Consumer have fallen 10.5% from the one-year high touched in early September but are still up 73% over the past year. The shares ended 2.4% down on Friday at Rs 795.60 apiece in a weak Mumbai market.

Tata Consumer Products Q2: Other highlights

1) The India packaged beverages business recorded 10% revenue growth to Rs 1,266 crore.

2) The India foods business registered 23% revenue growth to Rs 712 crore.

3) E-commerce recorded 39% growth YoY and contributed around 7% of domestic sales.

4) The India beverages business recorded pre-tax profit of almost Rs 170 crore, up from Rs 145 crore.

5) The India foods business registered a drop in pre-tax profit to Rs 75 crore from Rs 93 crore.

6) Tata Starbucks revenue grew 128% in Q2 on last year’s low base that was impacted by reduced mobility.

7) EBITDA margin narrowed to 13.9% in Q2 from 14.4% but net profit margin widened to 8.6% from 8.4%.

Tata Consumer Products management commentary

The company said profit rose 5% despite a higher growth in revenue because of higher investments behind brands and other expenses as well as lower contribution from joint ventures and associates, led by tea plantation companies.

Sunil D’Souza, Managing Director and CEO of Tata Consumer Products, said the company delivered another quarter of double-digit revenue growth despite a high base last year.

“Our India business performed well. Both our beverages and foods businesses recorded strong revenue growth with both tea and salt seeing market share gains,” he said. The company continues to expand its distribution reach across channels while investing in its brands, he added.

D’Souza also said that the worst of tea inflation seems to be over but the company is now seeing inflationary trends in packaging and freight costs. “We will address these by further strengthening operating efficiencies and driving net revenue management,” he said.

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Reliance Q2 profit, revenue exceed estimates as refining, retail businesses rebound

by 5paisa Research Team 23/10/2021

Reliance Industries Ltd, India’s most valued company, reported strong quarterly earnings and revenue numbers that beat analysts’ expectations thanks to all its key businesses posting robust growth.

Consolidated net profit for the second quarter ended September 30 jumped 43% to Rs 13,680 crore from Rs 9,567 crore a year earlier, the energy-to-telecom conglomerate led by billionaire Mukesh Ambani said.

Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter climbed 30% to Rs 30,283 crore. Consolidated revenue from operations soared 48% to Rs 1.74 lakh crore from 1.16 lakh crore a year earlier.

Both profit and revenue exceeded analysts’ forecasts. Analysts polled by Bloomberg had expected RIL’s revenue at Rs 1.47 lakh crore, EBITDA at Rs 24,836 crore and net profit at Rs 13,063 crore.

The company recorded growth in all its main businesses—energy, telecom and digital services, and retail. The oil-to-chemicals segment, which comprises its mainstay refining and petrochemicals businesses, led with a 58% growth in revenue to Rs 1.2 lakh crore. The segment’s EBITDA surged almost 44% to Rs 12,720 crore.

Reliance Q2: Other highlights

1) Jio Platforms gross revenue rises 15.2% to Rs 23,222 crore.

2) Jio Platforms EBITDA climbs 16.6% to Rs 9,294 crore; net profit jumps 23.5% to Rs 3,728 crore.

3) Jio Platforms a net 2.38 crore customers in Q2, taking the total to 42.95 crore.

4) Reliance Retail gross revenue rises 10.5% to Rs 45,426 crore.

5) Reliance Retail EBITDA increases 45.2% to Rs 2,913 crore; net profit grows 74.2% to Rs 1,695 crore.

6) Reliance Retail opened 813 stores in Q2. It now has 13,635 physical stores operational.

Reliance Q2 management commentary

RIL chairman and managing director Mukesh Ambani said the company posted a strong performance in Q2, which shows the inherent strengths of its businesses and the robust recovery of the Indian and global economies.

“All our businesses reflect growth over pre-COVID levels. Our operational and financial performance reflects sharp recovery in the retail segment and sustained growth in oil-to-chemicals (O2C) and digital services business. Our O2C business benefited from sharp recovery in demand across products and higher transportation fuel margins,” he said.

Ambani, Asia’s richest man, also said that Reliance Retail continues to grow on the back of rapid expansion of both physical stores and digital offerings, resulting in healthy growth in revenue and margin expansion.

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Chart Busters: Top trading set-ups to watch out for on Monday

Chart Busters: Top trading set-ups to watch out for on Monday
by 5paisa Research Team 25/10/2021

The benchmark index, Nifty has continued its downward journey for the fourth consecutive trading session. On Friday, the Nifty has lost 63.20 points or 0.35%. On the weekly chart, the index has formed a sizeable bearish candle. The weekly RSI has given a bearish crossover. The banking benchmark index, Bank Nifty has outperformed the Nifty index on Friday and marked the high of 40587.35 level. However, from the higher level, the Bank nifty has slipped by over 260 points, which resulted in the formation of a shooting star candlestick pattern on the daily chart. 

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

IFB Industries:The stock has formed a spinning top like candlestick pattern as of September 24 and thereafter witnessed consolidation. During the consolidation, the stock has formed a symmetrical triangle pattern on the daily chart. Due to the narrow range, the Bollinger band has been contracted significantly, which is an early sign of the explosive move. On Friday, the stock has given a breakout of symmetrical triangle pattern on the daily chart. Further, on breakout day the volume was expanded by 8 times of 50-days average volume, which indicates important buying interest. The 50-days average volume was 1.09 lakh while today the stock has registered a total volume of 8.79 lakh. In addition, the stock has formed an opening bullish marubozu candlestick pattern on breakout day, which indicates extreme bullishness.

Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The leading indicator, 14-period daily RSI has given positive crossover on the daily chart and it is in rising mode. The ADX is very strong at 34.47. The -DI is below the +DI and ADX is above the -DI and +DI. This shows the technical strength in the stock. Moreover, the surge in +DI is suggesting that the trend will strengthen further.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. On the upside, the level of Rs 1408 will act as resistance for the stock. While on the downside, the zone of Rs 1185-1180 will act as strong support for the stock.

Sterlite Technologies:Considering the daily chart, the stock has formed a bullish engulfing candlestick pattern as of August 24, 2021, and thereafter marked the sequence of higher tops and higher bottoms. After registering the high of Rs 299.35, the stock has witnessed minor correction along with low volume. The correction is halted near the 50% Fibonacci retracement level of its prior upward move. The stock has formed a strong base near the 100-day EMA level and on Friday, it has given a 13-days consolidation breakout. This breakout was confirmed by robust volume. In addition, the stock has formed a strong bullish candle. The major trend of the stock is bullish as it is trading above its weekly pivot and above its long and short-term moving averages, i.e. 20-day, 50-day, 100-day and 200-day EMAs and these moving averages are exactly in an ascending order, which suggests that the trend is strong.

Talking about the indicators, the 14-period RSI on the daily time frame has marked a fresh 14-period high and also, the RSI has surged above its prior swing high. Interestingly, the weekly RSI has taken support near the 60 mark and started rising. This indicates a super bullish range shift as per the RSI range shift rules. The fast stochastic is also trading above its slow stochastic line, which is a bullish sign.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. The prior swing high of Rs 318 will act as resistance for the stock. While on the downside, the Friday low of Rs 277 will act as strong support for the stock.

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Stocks to watch: Don’t miss these outperforming stocks this next week

Stocks to watch: Don’t miss these outperforming stocks this next week
by 5paisa Research Team 25/10/2021

Some of the outperforming stocks have given a breakout with heavy volumes and should be on your watchlist.

The BSE Sensex slipped in the past four consecutive trading sessions and is down by almost 1.53% from its recent highs. BSE Smallcap index and BSE Midcap index however are down by more than 5% each.

While there is weakness in the market some of the stocks are showing strong momentum and are trading with a price volume breakout.

Following stocks should be on your watchlist:

  1. CG Power: Multibagger CG Power continues to outperform after the company reported a stellar set of numbers this quarter. The Q2FY22 PAT climbs 72% to Rs 188 crore. The stock of CG Power was locked in the upper circuit when the market showed weakness on Friday. CG Power should be on your watchlist.

  1. Rajratan global wire: Rajratan global wire declared an outstanding set of results this quarter. The shares of Rajratan global wire were locked in the upper circuit on Friday. The management announced that it is operating at full capacity and that the expansion strategy is well in place. The production capacity is slated to expand in the Thailand plant and a new facility will be created in Chennai to service the global clients as well. The shares of Rajratan global wire will be in limelight this week.

  1. IRCON International: The shares of IRCON International, a railway construction company, managed to give a breakout from a long consolidation. The stock climbed by 11% on Friday. The stock carries a dividend yield of more than 6% at the current level and reflects a low PE of 11. The stock is catching investors' attention owing to its attractive valuations, high dividend yield and recent price momentum leading to a price-volume breakout.

  1. Rail Vikas Nigam Ltd (RNVL): The shares of RNVL gained traction this week after a breakout with heavy volumes. The stock of RNVL jumped higher by 20%, locking itself in the upper circuit.

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Cues from the F&O market for today’s trade

Cues from the F&O market for today’s trade
by 5paisa Research Team 25/10/2021

The Nifty50 last week ended on a very weak note. It was down by almost 400 points and lost 2.16% and was trading well below its recent high of 18600 level. Fresh put writing at 17500, as well as 18000, pushed the market down.

Put writing was seen at strike price 17,500 (25,253 contracts added on October 22), followed by 18,000 (21947 lakh contracts added on October 22), while there was put unwinding at strike price 18400 (4994 contracts shed), followed by 18,600 (2864 lakh contracts shed).

Total Put open interest of 77307 lakh contracts stood at strike price 17500, which will act as a crucial base for the market in the October series, followed by strike price 18000, which saw an accumulation of 72252 lakh contracts, while strike price 17,000 had 71,491 lakh contracts in open interest.

On the options front, maximum Put OI shifted to strike price 17500 while maximum Call OI remains intact at strike price 19,000. Call writing was seen at strike prices of 18300 and 18,200. Total open interest for the strike price of 18,300 and 18,200 stood at 128297 and 109825 respectively.

The maximum call open interest of 130140 contracts stood at strike price 19,000, which will act as key resistance for the index in the October series, followed by strike price 18,200 which has accumulated 128297 contracts.

The Nifty 50 (PCR) closed above 0.63. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front.

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 22 2021  

Oct 21 2021  

Oct 20 2021  

Client  

-17045  

5.04%  

-355420  

-338375  

-289217  

Pro  

10184  

54.78%  

28774  

18590  

-2747  

DII  

-8183  

-10.61%  

68935  

77118  

80723  

FII  

15044  

6.20%  

257711  

242667  

211240  

*Previous Day  

   

   

   

   

   

 

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 22 2021  

Oct 21 2021  

Oct 20 2021  

Client  

82659  

-555.69%  

67784  

-14875  

107905  

Pro  

-54808  

60.37%  

-145593  

-90785  

-196871  

DII  

0  

0.00%  

401  

401  

401  

FII  

80140  

24.15%  

411980  

331840  

406647  

*Previous Day  

 

 

 

 

 

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Oct 22 2021  

Oct 21 2021  

Oct 20 2021  

Client  

99704  

30.82%  

423204  

323500  

397122  

Pro  

-64992  

59.42%  

-174367  

-109375  

-194124  

DII  

8183  

-10.67%  

-68534  

-76717  

-80322  

FII  

-42896  

31.22%  

-180303  

-137407  

-122675  

*Previous Day  

   

   

   

   

   

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