Nifty 17393.65 (-0.05%)
Sensex 58397.97 (-0.11%)
Nifty Bank 36607.75 (0.27%)
Nifty IT 36146.65 (-0.03%)
Nifty Financial Services 17988.6 (0.03%)
Adani Ports 743.95 (0.66%)
Asian Paints 3154.55 (-0.82%)
Axis Bank 680.50 (0.65%)
B P C L 385.10 (1.65%)
Bajaj Auto 3333.40 (0.15%)
Bajaj Finance 7160.90 (-0.27%)
Bajaj Finserv 17737.55 (-0.12%)
Bharti Airtel 722.05 (-1.43%)
Britannia Inds. 3568.00 (-0.29%)
Cipla 909.60 (-1.26%)
Coal India 159.25 (-0.03%)
Divis Lab. 4729.90 (-0.99%)
Dr Reddys Labs 4605.15 (-1.24%)
Eicher Motors 2480.00 (1.16%)
Grasim Inds 1739.75 (0.92%)
H D F C 2795.95 (-0.42%)
HCL Technologies 1174.20 (-0.89%)
HDFC Bank 1525.00 (-0.05%)
HDFC Life Insur. 703.25 (-0.29%)
Hero Motocorp 2488.95 (0.66%)
Hind. Unilever 2371.15 (-0.51%)
Hindalco Inds. 429.30 (-0.65%)
I O C L 122.40 (1.45%)
ICICI Bank 724.35 (0.27%)
IndusInd Bank 946.10 (0.06%)
Infosys 1764.75 (0.94%)
ITC 223.95 (-0.67%)
JSW Steel 649.80 (0.47%)
Kotak Mah. Bank 1974.40 (0.52%)
Larsen & Toubro 1823.35 (1.91%)
M & M 849.60 (0.01%)
Maruti Suzuki 7287.00 (-0.52%)
Nestle India 19189.50 (-1.61%)
NTPC 127.85 (-0.66%)
O N G C 145.35 (0.94%)
Power Grid Corpn 214.90 (0.19%)
Reliance Industr 2467.25 (-0.63%)
SBI Life Insuran 1172.95 (-1.27%)
Shree Cement 26269.65 (-0.08%)
St Bk of India 477.85 (0.18%)
Sun Pharma.Inds. 758.35 (-1.03%)
Tata Consumer 772.30 (-0.12%)
Tata Motors 479.50 (0.08%)
Tata Steel 1109.15 (-0.29%)
TCS 3637.70 (-0.14%)
Tech Mahindra 1619.40 (-0.63%)
Titan Company 2381.95 (-0.19%)
UltraTech Cem. 7435.00 (1.53%)
UPL 705.90 (1.10%)
Wipro 643.15 (-0.56%)

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

Chart Busters: Top trading set-ups to watch out for Monday
by 5paisa Research Team 08/11/2021

On Wednesday, the benchmark index, Nifty has lost 59.75 points or 0.33%. The price action has formed a bearish candle with carrying a lower low and a lower high. The banking benchmark index Bank Nifty has resisted near 50% Fibonacci retracement level of its prior downward move (41829.60-38426.65) and lost over 500 points or 1.34%. The overall advance-decline was tilted in the favour of the decliners.

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

Garden Reach Shipbuilders & Engineers: After registering the high of Rs 239.30, the stock has slid into the period of consolidation. This consolidation has resulted in the formation of a bullish pennant pattern. On Wednesday, the stock has given a bullish pennant pattern breakout. The bullish pennant pole height is almost 54 points. Further, on breakout day the volume was expanded by 17 times of 50-days average volume, which indicates important buying interest. The 50-days average volume was 5.39 lakh while on Wednesday the stock has registered a total volume of 41.32 lakh. Additionally, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

Currently, the stock is trading above its short and long-term moving averages. These averages are edging higher. The daily RSI is above the 70 mark and it is in rising mode, which is a bullish sign. The stochastic has also given positive crossover on the daily chart. The trend strength indicator, Average Directional Index (ADX), is above 36, which indicates strength. The +DI is much above the -DI. This structure is indicative of the bullish strength in the stock.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. As per the measure rule of bullish pattern, the first target is placed at Rs 266 and the second target is placed at 286 level. On the downside, Wednesday’s low of Rs 226.80 will act as crucial support for the stock.

K.P.R. Mill: Majorly, the stock is displaying a bullish trend as it is marking the sequence of higher tops and higher bottoms. Further, it is trading above its short and long-term moving averages. These averages are in the desired sequence, which suggests the trend is strong. On Wednesday, the stock has given falling channel breakout along with robust volume.

The momentum indicators and oscillators are also suggesting further bullish momentum. The leading indicator, RSI has given a downward sloping trendline breakout, which is a bullish sign. The fast stochastic is also trading above its slow stochastic line. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Considering the robust technical structure of the stock we believe it is likely to touch new highs. On the upside, the level of Rs 545 will act as resistance for the stock. While on the downside, the 20-day EMA will act as strong support for the stock, which is currently placed at Rs 456 level.

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F&O Cues: Key support and resistance levels for Nifty 50

F&O Cues: Key support and resistance levels for Nifty 50
by 5paisa Research Team 08/11/2021

Nifty F&O action for November 11 expiry shows the highest put writing was seen at a strike price of 17,000.

After a long weekend, the Indian equity market is likely to open with a positive note. However, the future course of the market will be dependent upon FIIs flows, macro-economic data and earnings reports that are slated to come out this week. In a major global cue, last week US Federal Reserve left the rate unchanged and continued with its accommodative stance. This will have a positive impact on the Indian bourses. This was partly reflected during ‘Muhurat’ trading where key equity indices closed in green and Sensex reclaimed 60,000.

Activity on the F&O market for the weekly expiry on November 11, 2021, does not give a clear picture and open interest is spread everywhere. The highest call option open interest (71,651) for Nifty 50 stood at a strike price of 20,000. In terms of the highest addition of open interest on call options front was at 18,300 in the last trading session. A total of 22,496 open interest was added at this strike price. The next highest call option open interest stands at 18,000 where total open interest stood at 60,597.

In terms of put activity, the highest put writing was seen at strike price of 17000 (36,664 open interest added on November 03), followed by 17,700 (19,970 open interest added on November 03), while there was put unwinding at strike price 17,250, followed by 18,200.

Highest total put open interest (64,579) stood at a strike price of 17,000. This is followed by a strike price of 17,500, which saw a total put option open interest of 40,960 contracts.

Following table shows the difference between call and put options at strike price near to max pain of 17900.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,600.00  

1266  

25690  

24424  

17,700.00  

3980  

34589  

30609  

17,800.00  

15366  

35211  

19845  

17900  

32562  

30267  

-2295  

18,000.00  

60597  

20907  

-39690  

18,100.00  

32786  

9134  

-23652  

18,200.00  

41471  

3992  

-37479  

The Nifty 50 put call ratio (PCR) closed at 0.75 worse than 0.55 in the last trading session. 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*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-1726  

-0.54%  

-320257  

-318531  

-303569  

Pro  

-4197  

-7.78%  

49755  

53952  

84353  

DII  

2000  

4.88%  

43014  

41014  

37014  

FII  

-7439  

-3.30%  

218322  

225761  

208602  

*Change from Previous Day  

   

   

   

   

   

  

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-111758  

-75.06%  

37139  

148897  

8430  

Pro  

101838  

52.04%  

-93835  

-195673  

-81060  

DII  

0  

0.00%  

401  

401  

401  

FII  

9919  

21.39%  

56295  

46376  

72229  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-110032  

-23.54%  

357396  

467428  

311999  

Pro  

92672  

37.76%  

-152756  

-245428  

-135012  

DII  

0  

0.00%  

-42613  

-42613  

-40613  

FII  

17358  

9.68%  

-162027  

-179385  

-136373  

*Change from Previous Day  

   

   

   

   

   

 

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Price Volume Breakout: These shares are trending on Monday, November 8

Price Volume Breakout: These shares are trending on Monday, November 8
by 5paisa Research Team 08/11/2021

The markets are seen trading weak in Monday's trading session despite positive cues from the western markets. The Asian markets are trading mixed though.

The broader markets are seen outperforming with the BSE Midcap index up by more than 0.44% and the BSE Smallcap index up by 0.15%. BSE Sensex is down by more than 100 points in the early hours of the trading session.

Muthoot Finance is up by more than 5% while Union Bank and Canara Bank are seen trading up by more than 4% each.

The shares of IRCTC, after a dip of over 5% are seen trading with gains of over 1%.

From the pack of Sensex stocks, UltraTech cement is the top BSE Sensex gainer, up by more than 3%, while Titan and Tech Mahindra are up by more than 2% and 1% each.

IndusInd Bank is the top BSE Sensex loser, down by more than 10%. RIL, Asian Paints and M&M are the other top BSE Sensex losers in Monday's trading session.

BSE Capital Goods, BSE Realty, BSE Consumer Durable Goods and BSE Auto index are showing relative outperformance while BSE Bankex is seen underperforming.

Following shares are seen trading higher with price volume breakout in the Monday trading session on an intraday basis:

Sr No   

Stock  

LTP   

Price Change (%)   

Volume Change (Times)  

1  

Pfizer   

5278  

5.41  

10.25  

2  

Godrej Agrovet   

611  

2.28  

3.17  

3  

Phoenix Mills   

1046.95  

2.21  

1.51  

4  

Amco India   

76.45  

19.27  

3.3  

5  

Odyssey Technologies   

86.95  

18.78  

6.75  

6  

RS Software   

43  

14.06  

5.62  

7  

Saven Technologies   

33.9  

13.38  

1.54  

8  

Riba Textiles   

47.7  

11.58  

2.82  

9  

Mirza International   

79.65  

10.86  

3.48  

10  

Cosmo Ferrites   

215.15  

10.22  

1.55  

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These Low-Priced stocks are locked in the upper circuit on Monday, November 08

These Low-Priced stocks are locked in the upper circuit on Monday, November 08
by 5paisa Research Team 08/11/2021

Some of the low-price shares were seen outperforming the markets in Monday’s trading session.

On Monday, the benchmark indices have opened in the red. BSE Sensex has contracted 173.11 points and is trading 0.29% lower at 59,894.51 level.

Despite the bearish trend seen in Monday’s trading session; UltraTech Cement is the top BSE Sensex gainer up by more than 4% while IndusInd Bank is the top BSE Sensex loser on Monday.

Along with Ultratech Cement, Titan, Tech Mahindra, Bharti Airtel, Kotak Mahindra Bank and HDFC Bank are among the other BSE Sensex gainers. The broader market is seen trading in green above the frontline indices in Monday’s trading session with both BSE Midcap and BSE Smallcap trading 0.42% and 0.05% up, respectively.

Mirza Enterprises, Prince Pipes and Fittings, Network 18 Media & Investments, Rushil Décor and R Systems International are among the top BSE Smallcap index gainers on Monday.

Muthoot Finance, Canara Bank, Union Bank, BEL, Mindtree and 3M India are the top-performing BSE Midcap index constituents. Sun TV Network is experiencing the highest drag in the BSE Midcap stocks pack on Monday.

The sectoral indices are trading with mixed cues in Monday’s trading session. BSE Healthcare is down by more than 1%

The price-volume breakout is seen in some of the low-priced stocks on Monday with several stocks being locked in the upper circuit.
 

Following is the list of low-priced stocks that are locked in the upper circuit in Monday’s trading session:
 

Sr No   

Stock  

LTP   

Price Change (%)   

1  

Hilton Metal   

14.1  

4.83  

2  

Omkar Speciality   

24  

4.8  

3  

McLeod Russel   

28.35  

5  

4  

Axiscades Engineering  

89.4  

4.99  

5  

Digjam Ltd   

38.85  

5  

6  

Gokul Agro Resources   

66.15  

5  

7  

SE Power   

12.5  

4.6  

8  

Focus Lighting   

55.7  

5  

9  

BLB Ltd   

12.45  

4.62  

10  

Kotyark Industries   

45.9  

4.91  

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Calculation of your personal net worth!

Calculation of your personal net worth!
by 5paisa Research Team 08/11/2021

Personal net worth is a combination of the total assets you own and what liabilities you owe.

Net worth helps an individual to measure his wealth. It gives a realistic picture of what a person owns and owes. An individual might possess various assets due to which he may think that he has enough to fulfil his life goals, but that isn’t true. Along with assets, an individual might have other outstanding liabilities or he might plan to take further liabilities. If liabilities are more than assets, then people will have to face severe financial consequences, if they continue to increase over time. So, to keep a check over an individual’s financial status, and control his habit of taking loans or debt over small things, he should calculate net worth every month.

This is how an individual can come to know where he stands financially and take his financial decisions accordingly.

Net worth can be negative or positive. If it is negative that means liabilities are more than assets which might put an individual in trouble whereas, positive net worth means assets are more than liabilities, which depicts that individual is in a better position. Positive net worth does not mean that an individual shouldn’t calculate his wealth, as his net worth might take a turn anytime and get into the negative zone.

So, now, the question arises as to how should one calculate net worth?

Net worth formula:

Net worth = Sum of all assets – Sum of all liabilities

Personal net worth is a combination of the total assets you possess and what you owe. Understanding and knowing your personal net worth helps you in the following ways:

• It helps an individual to know where he stands financially.

• It will help an individual to check whether his liabilities are not going beyond your assets.

• It will give an individual a clear picture of whether he needs to save more and spend less. 

How to calculate net worth: 

List down all your assets and then your liabilities and subtract the number of total liabilities from the amount of total assets.

For instance,

An individual has a house worth Rs 5 crore and a farmhouse worth Rs 60 lakh. He also has stocks worth Rs 45 lakh in his Demat account and other investments worth Rs 25 lakh. His business is worth Rs 10 crore as per the balance sheet. He has a home loan worth Rs 2 crore and a children’s education loan worth Rs 15 lakh. So, what will be the net worth of this individual?

 

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These penny stocks are locked in the upper circuit on Monday

These penny stocks are locked in the upper circuit on Monday
by 5paisa Research Team 08/11/2021

On Monday, the benchmark indices are trading in flat amid volatility. Sensex is trading 0.16% lower declining by more than 90 points and Nifty is down 17.65 points or 0.099%.

UltraTech Cement, Bajaj Finserv, Titan Company, Tech Mahindra, Kotak Bank and Bharti Airtel are the top 5 gainers in the Sensex group, whereas IndusInd Bank, M&M, Asian Paints, Reliance Industries are among the top losers within the index. Meanwhile, in the Sensex pack, the stocks of L&T and UltraTech Cement have made fresh 52-week highs in Monday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen trading better than benchmark indices with BSE Midcap trading 0.45% higher and BSE Smallcap index trading 0.28% higher. Muthoot Finance is holding the top position in the BSE Midcap index zooming more than 8.28% whereas, in the BSE Smallcap Index, Mirza Enterprises has jumped 13.32% on Monday.

On the sectoral front, the indices are trading with mixed cues. BSE Oil & Gas index is on the top rising 1.11% whereas BSE Healthcare Index is dragging down by 1.29% in Monday’s trading session. The top-performing stock pushing the BSE Oil & Gas index higher is Hindustan Petroleum Corporation which is up 5.61%.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.85%.

Following stocks are locked in the upper circuit on Monday, November 08.

Sr No   

Stock  

LTP   

Price Change (%)   

1  

Sintex Industries   

7  

4.48  

2  

Llyods Steels  

6.65  

4.72  

3  

GTL Infra   

1.65  

3.13  

4  

FCS Software   

1.45  

3.57  

5  

Aks Optifibre   

9.25  

4.52  

6  

SEL Manufacturing   

6.45  

4.88  

7  

Ankit Metal and Power   

5.55  

4.72  

8  

Sambhaav Media   

3.15  

5  

9  

SAL Steel   

9.95  

4.74  

10  

Indowind Energy   

10.8  

4.85  

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