Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

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

Chart Busters: Top trading set-ups to watch out for on Wednesday
by 5paisa Research Team 10/11/2021

On Tuesday, the benchmark index Nifty traded in a narrow range of 130 points and formed a small body bearish candle. The broader market has outperformed the benchmark indices. The advance-decline ratio was in the favour of advancers.

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

Karnataka Bank: The stock has formed a Doji candlestick pattern as of September 16, 2021, and thereafter witnessed correction along with low volume. During the correction, the stock has formed a symmetrical triangle pattern on the daily chart. Currently, the stock is on the verge of giving a symmetrical triangle pattern breakout. Further, on Tuesday the volumes recorded were above the 50-days average, which is a sign of accumulation before the actual breakout happens.

Currently, the stock is trading above its short and long-term moving averages. These averages are in edging higher, which is a bullish sign. Interestingly, the leading indicator, 14-period daily RSI is on the verge of giving a breakout of a falling channel. The fast stochastic is trading above its slow stochastic.

Going ahead, the upper trendline of the symmetrical triangle is placed in the zone of Rs 74.50-Rs 75 levels. In case stock sustains above this zone, then we may see a sharp upside in the stock. On the downside, the 8-day EMA will act as strong support for the stock, which is currently placed at the Rs 71.15 level.

Bharat Electronics: The major trend of the stock is bullish as it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. On Tuesday, the stock has given downward sloping trendline resistance breakout on the daily chart. This breakout was confirmed by above 50-days average volume.

The momentum indicators and oscillators are also suggesting bullish momentum. The leading indicator, 14-period daily RSI is currently quoting at 65.18 and it is in rising mode. The RSI is trading above its 9-day average. On the weekly chart, the RSI is in the super bullish zone. The Pring's KST has given a fresh buy signal on the weekly chart. Mansfield Relative Strength is above the zero line and shows outperformance as compared to the Nifty 500 index.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the downside, the 8-day EMA will act as strong support for the stock. The 8-day EMA is currently placed at Rs 208.20 level.

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Low Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 9

Low Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 9
by 5paisa Research Team 10/11/2021

The markets traded weak on Tuesday with BSE Sensex slipping by more than 100 points. The broader markets outperformed the frontline indices on Tuesday with the shares of Motilal Oswal, Godrej Industries, RBL Bank and IDEA gaining more than 6% each, thus pushing the BSE Midcap index higher.

BSE Smallcap index inched higher by 0.67% on Tuesday. BSE Industrials, BSE Capital Goods and BSE Auto Index gained by more than 1% each on a day when BSE Sensex tumbled by more than 100 points.

Esab India and Elgi Equipment were the top gainers from the BSE Industrials index on Tuesday. From the auto pack, it was Eicher Motors, M&M and Bosch Ltd that gained the most on Tuesday. ABB, BEL, Bharat Forge and Lakshmi Machines were the top gainers from the BSE Capital Goods index.

SAIL led the rally in the metal pack, gaining by more than 2% on Tuesday while NMDC was up by more than 1.7% and APL Apollo gained more than 1%.

Following low priced smallcap shares made a fresh 52-week high on November 9:

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Lakshmi Finance  

96.15  

19.96  

2  

Gokul Refoils   

41.25  

19.74  

3  

Cerebra Integration  

66.55  

11.85  

4  

3i Infotech   

57.85  

9.98  

5  

DCM Ltd   

92.4  

5  

6  

BSL Ltd   

98.7  

5  

7  

Pansari Developers  

89.35  

4.99  

8  

ART Nirman   

61.05  

4.99  

9  

Gokul Agro Resources   

69.45  

4.99  

10  

Sikko Industries   

65.65  

4.96  

11  

BPL Ltd   

82.7  

4.95  

12  

Tata Tele   

70.25  

4.93  

13  

TARC   

51.15  

4.92  

14  

Kotyark Industries   

48.15  

4.9  

15  

Digjam Ltd   

40.75  

4.89  

16  

SE Power   

13.1  

4.8  

17  

Atlanta   

19.7  

4.79  

18  

Ascom Leasing & Investment   

67  

4.69  

19  

Archid Ply Décor   

51.95  

3.49  

20  

Usha Martin   

99.9  

2.2  

21  

Orient Paper   

37.95  

2.02  

22  

Twenty First Century   

61.05  

1.92  

23  

Mirza International   

80.7  

1.7  

24  

Sutlej Textile   

76.95  

1.65  

25  

Mukta Arts   

51.8  

1.07  

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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 10/11/2021

Nifty F&O action for November 11 expiry shows 18,200 will act as a key resistance now.

After showing a good up move in the previous trading session, the Indian equity market remained volatile in yesterday’s trade. It opened flat and remained range-bound for the entire day, swinging between 17980 and 18,100. Investors are not willing to take any bet and are waiting for the US inflation data to make any decisive move.

Activity on the F&O market in yesterday’s trade for the weekly expiry on November 11, 2021, shows that now 18,200 will act as a strong resistance for the next two trading sessions. The highest call option open interest (114,808) for Nifty 50 stood at a strike price of 18,200. In terms of the highest addition of open interest in the call options front was again at 18,200 in the last trading session. Total of 45,478 open interest was added at this strike price. The next highest call option open interest stands at 18,100 where total open interest stood at 97,825.

In terms of put activity, the highest put writing was seen at strike price of 17500 (15,903 open interest added on November 09), followed by 17,700 (8412 open interest added on November 09), while there was put unwinding at strike price 17,900, followed by 17,300.

Highest total put open interest (77,593) stood at a strike price of 17,900. This is followed by a strike price of 17,500, which saw a total put option open interest of 71,471 contracts.

Following table shows the difference between call and put option at strike price near to max pain of 18000.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,700.00  

7095  

53976  

46881  

17,800.00  

15010  

64709  

49699  

17,900.00  

33390  

77593  

44203  

18000  

58722  

68100  

9378  

18,100.00  

97825  

28453  

-69372  

18,200.00  

114808  

8438  

-106370  

18,300.00  

86830  

3943  

-82887  

The Nifty 50 put call ratio (PCR) closed at 0.73 worse than 0.92 in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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These Penny stocks are locked in the upper circuit on Wednesday, November 10!

These Penny stocks are locked in the upper circuit on Wednesday, November 10!
by 5paisa Research Team 10/11/2021

The Indian markets are trading weak taking cues from the global markets on Wednesday. BSE Sensex is down by more than 300 points on an intraday basis. BSE SME IPO index is up by more than 4%, BSE Telecom index is in green, up by 0.91%, BSE Auto index- up by 0.54% and BSE Oil & Gas index – up by 0.41%.

Some of the top largecap gainers on Wednesday are Aurobindo Pharma up by 2.91%, Bandhan Bank up 2.85%, M&M soaring by 2.51%, UPL gaining 2.17% and ICICI Lombard jumping higher by more than 2%.

From the midcap space, the shares of HEG were seen jumping higher by 10%, Redington share price gained by 8%, Graphite India share prices are higher by 7%, MCS India shares have zoomed by 6% and Indiabulls Housing Finance shares are on an uptrend by 6%.

From the smallcap world, we have Lakshmi Finance jumping higher by 20%, Silly Monks Entertainment gaining 20%, Williamson Magor zooming 14.97%, Sharda Motors sizzling by 10% and AYM Syntex soaring by more than 9%.

Some of the smallcaps were seen making fresh 52-week high on Wednesday such as KPIT Technology, SH Kelkar & Co, TCPL packaging and Kirti Industries.

Some of the penny stocks are seen outperforming the markets on Wednesday with a few locked in the upper circuit.
 

Following is the list of penny stocks that were seen locked in the upper circuit on Wednesday:

Sr No  

Stock Name  

LTP  

Price change (%)  

1  

Sintex Industries  

7.7  

4.76  

2  

GTL Infra  

1.55  

3.33  

3  

Unitech  

2.1  

5  

4  

FCS Software  

1.55  

3.33  

5  

Llyods Steels  

7.25  

4.32  

6  

Sintex Plastics Technology  

8.7  

4.82  

7  

Sundaram Multi Pap Ltd  

2.1  

5  

8  

Siti Networks  

1.9  

2.7  

9  

Prakash Steel  

3.05  

3.39  

10  

Orient Green Power  

5.35  

4.9  

11  

SREI Infra Finance  

5.5  

4.76  

12  

SEL Manufacturing  

7.05  

4.44  

13  

Ankit Metal and Power  

6.05  

4.31  

14  

Indosolar  

3.9  

4  

15  

Sambhaav Media  

3.45  

4.55 

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Manali Petrochemicals locked in the upper circuit on excellent Q2 performance

Manali Petrochemicals locked in the upper circuit on excellent Q2 performance
by 5paisa Research Team 10/11/2021

For the reported quarter, consolidated PAT rose 457% YoY, sales are up 100% YoY.

Manali Petrochemicals reported a 457% year-on-year increase in its consolidated net profit to Rs 117 crore for the quarter ended September.

Consolidated total revenue from operations, rose 100% on YoY to Rs 440 crore for the reported quarter, which is the best quarterly performance in the company's history.

EBITDA rose 288% YoY to Rs 163 crore with a margin expansion of 2800 bps on a YoY basis standing at 37% for the quarter ended September. This increase is due to a decrease in the cost of materials used for manufacturing.

Commenting on the performance Muthukrishnan Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group said, “During the quarter demand for all the products improved post lifting of the restrictions across the country. The all-around increase was seen in product prices and margins, and the quarter recorded historically highest turnover. We expect to maintain a similar performance in the coming periods, subject to imports into India, which has remained subdued for over a year due to global market conditions”

Manali Petrochemicals Limited (MPL) is a petrochemical company developing innovative products, since 1986, that find application in a variety of industries such as appliances, automotive, bedding, food and fragrances, furniture, footwear, paints and coatings, and pharmaceuticals.

Major domestic manufacturer of Propylene Glycol and Polyol

The company operates in the Polyurethanes industry and specializes in the manufacture of propylene glycol, polyether polyol and related substances. It is the only domestic manufacturer of Propylene Glycol. Also, it is the first and largest Indian manufacturer of Propylene Oxide, the input material for the many derivative products.

Propylene Glycol (PG) is widely utilized in pharmaceuticals, food and flavour and fragrance industries and also for the manufacture of polyester resins, carbonless paper and automobile consumables like brake fluid and anti-freeze liquid. Some of the major applications of PG include medicines, canned food, body sprays, perfumes, cosmetics, soaps and detergents. The off-take of PG for industrial purposes is generally low due to the availability of alternate cheaper materials.

We see that chemical as a sector is playing out quite well in the past few months, and this company has utilized the industry tailwinds and posted stellar numbers.

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These Low-Priced stocks are locked in the upper circuit on Wednesday, November 10!

These Low-Priced stocks are locked in the upper circuit on Wednesday, November 10!
by 5paisa Research Team 10/11/2021

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

On Monday, the benchmark indices are trading flat. BSE Sensex has contracted 289.36 points and is trading 0.48% lower at the 60,433.45 level.

Within the bunch of stocks in Sensex, M&M is the top BSE Sensex gainer up by more than 3% while Tata Steel is the top BSE Sensex loser on Wednesday.

Along with M&M, Bharti Airtel, Reliance Industries, Sun Pharma and Dr Reddy's Laboratories are among the other BSE Sensex gainers. The broader market is seen trading with mixed cues in Wednesday's trading session with BSE Midcap trading 0.31% lower and BSE Smallcap trading 0.40% up.

Tube Investments of India, HEG, Sharda Motor Industries, Gulshan Polyols and KPIT Technologies are among the top BSE smallcap index gainers on Wednesday.

Ruchi Soya Industries, JSW Energy, TVS Motors, Macrotech Developers (Lodha) and The New India Assurance Company are the top-performing BSE Midcap index constituents. BHEL is experiencing the highest drag in the BSE Midcap stocks pack on Wednesday.

The sectoral indices are depicting a mixed trend in Wednesday's trading session. BSE Realty is down by more than 1%

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

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

Sr No  

Stock Name  

LTP  

Price Change (%) 

3i Infotech  

53.6 

9.94 

Shree Renuka Sugar 

28.05 

4.86 

Brightcom Group  

87.15 

Monnet Ispat  

31.95 

4.93 

Bajaj Hindustan Sugar  

14.55 

4.68 

Energy Deve Co  

11.8 

4.89 

Digjam L  

42.75 

4.91 

Hilton Metal  

15.5 

4.73 

Indowind Energy  

11.85 

4.87 

10 

Kotyark Industries  

50.55 

4.98 

11 

VIP Clothing  

22.8 

4.83 

12 

Aksh Optifibre  

10.15 

4.64 

13 

Genus Paper Boards 

11.45 

4.57 

14 

Atlanta  

20.65 

4.82 

15 

Soma Textiles  

10.9 

4.81 

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