Nifty 17401.65 (0.00%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.00%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

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

Chart Busters: Top trading set-ups to watch out on Wednesday
by 5paisa Research Team 27/10/2021

On Tuesday, the benchmark index Nifty has gained 143 points or 0.79%. The index has closed at the 18268.40 level. The price action has formed a small body bullish candle. Interestingly, the daily RSI has taken support near the 60 mark and started rising higher. This is a bullish sign as per the RSI range shift rules. The Nifty Midcap 100 and Nifty Smallcap 100 has outperformed the benchmark indices on Tuesday. The advance-decline ratio was in the favour of advancers.

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

Aptech: The major trend of the stock is bullish as it is marking the sequence of higher tops and higher bottoms on the daily chart. Further, it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. After registering the high of Rs 325.50, the stock was traded in a narrow range along with low volume. Due to the narrow range, the Bollinger band has been contracted significantly, which is an early sign of the explosive move. On Tuesday, the stock has given consolidation breakout on the daily chart. This breakout was supported by a robust volume of more than three times of 50-days average volume. This indicates strong buying interest by market participants. In addition, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

The momentum indicators and oscillators are also suggesting further bullish momentum. The leading indicator, 14-period daily RSI is in a bullish trajectory and it is in rising mode. Currently, the RSI is quoting at 70.91 level. The weekly RSI is also in bullish territory. The directional movement index is also at a strong point. The ADX is at 24.86 and +DI is above the –DI on the daily time frame. On the weekly time frame, ADX is above 40 and +DI is above the – DI which indicates the trend is up.

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 upside, the level of Rs 360 will act as strong resistance for the stock. While on the downside, Tuesday’s low of Rs 305.40 will act as strong support for the stock.

Jagsonpal Pharmaceuticals: The stock has formed a Spinning top like candlestick pattern as of August 03, 2021, and thereafter witnessed correction. The correction is arrested near its 61.8 per cent Fibonacci retracement level of its prior upward move (Rs 96.35-Rs 203.90 level). On Tuesday, the stock has given a 29-days consolidation breakout on the daily chart. This breakout was supported by robust volume. Further, the stock has formed an opening bullish marubozu candlestick pattern on breakout day, which indicates extreme bullishness.

All the moving averages based on trade set-ups are showing a bullish strength in the stock. Daryl Guppy’s multiple moving averages is suggesting a bullish strength in the stock. The stock is trading above all the 12 short and long term moving averages. The averages are all trending up, and they are in a sequence. The stock's Relative Strength Index (RSI) has reached its highest value in the last 14-days, which is bullish. Also, it has managed to close above its prior swing high. The daily MACD stays bullish as it is trading above its zero line and signal line. The histogram is suggesting a pickup in upside momentum.

Based on the above observations, we expect the stock to continue its upward movement and test levels of Rs 188 followed by Rs 203 in the short term. On the downside, the 20-day EMA will act as strong support for the stock, which is currently quoting at Rs 158.90 level.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

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 27/10/2021

The level of 18,000 will act as key support while 18,500 will be strong resistance. 

After forming a base on Monday’s trade and arresting its fall, the frontline equity indices finally saw gains in yesterday’s trade. Though the session remained volatile, at one point in time Nifty 50 was trading in red, but by the end of the trading session, it closed in green and gained 0.8 %.

Such a reversal in the trading led to heavy call unwinding at 18,200 strike price and 42793 calls were shed at that price. In terms of overall open interest, maximum open interest stood at a strike price of 18,500, which will act as a strong resistance. Total call open interest of 1,25,093 contracts stood at a strike price of 18,500. Call writing was seen at 18,600 and 18,650. Total open interest at the strike price of 18,600 stood at 86,397.

The highest put writing was seen at strike price 18200 (25,872 contracts added on October 26), followed by 18,300 (19,750 contracts added on October 26), while there was put unwinding at strike price 17,000 (12476 contracts shed), followed by 17,500 (8541 contracts shed).

Highest total put open interest of 86,972 contracts stood at a strike price of 18,000, which will act as strong support for the market in near future. This is followed by strike price 18200, which saw a total put option of 81,571 contracts, while strike price 17,500 has 70,263 contracts in open interest.

The Nifty 50 put call ratio (PCR) closed at 0.81. 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 26 2021  

Oct 25 2021  

Oct 22 2021  

Client  

24842  

-8.67%  

-261825  

-286667  

-355420  

Pro  

-17630  

50.24%  

-52725  

-35095  

28774  

DII  

0  

0.00%  

64190  

64190  

68935  

FII  

-7212  

-2.80%  

250360  

257572  

257711  

*Change from Previous Day  

   

   

   

   

   

   

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 26 2021  

Oct 25 2021  

Oct 22 2021  

Client  

-91087  

-90.39%  

9682  

100769  

67784  

Pro  

81888  

-42.83%  

-109292  

-191180  

-145593  

DII  

0  

0.00%  

401  

401  

401  

FII  

9200  

10.22%  

99210  

90010  

77408  

*Change from Previous Day  

   

   

   

   

   

   

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Oct 26 2021  

Oct 25 2021  

Oct 22 2021  

Client  

-115929  

-29.92%  

271507  

387436  

423204  

Pro  

99518  

-63.76%  

-56567  

-156085  

-174367  

DII  

0  

0.00%  

-63789  

-63789  

-68534  

FII  

16412  

-9.79%  

-151150  

-167562  

-180303  

*Change from Previous Day  

   

   

   

   

   

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

5 Stocks to Buy Today: October 27, 2021

5 Stocks to Buy Today: October 27, 2021
by 5paisa Research Team 27/10/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today October 27

1. Tata Chemicals (TATACHEM)

Tata Chemicals Stock Details for Today

- Current Market Price: Rs. 1,007

- Stop Loss: Rs. 979

- Target 1: Rs. 1,035

- Target 2: Rs. 1,077

- Holding Period: One week

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock best stock to buy.

 

2. Central Depository (CDSL)

Central Depository Stock Details for Today: 

- Current Market Price: Rs. 1,395

- Stop Loss: Rs. 1,347

- Target 1: Rs. 1,433

- Target 2: Rs. 1,480

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see sideways move to end in the stock and recommends buying this stock.

 

3. Tci Express (TCIEXPRESS)

Tci Express Stock Details for Today: 

- Current Market Price: Rs. 1,836

- Stop Loss: Rs. 1,781

- Target 1: Rs. 1,890

- Target 2: Rs. 1,985

- Holding Period: 1 week

5paisa Recommendation: Positive chart in stock is expected and thus making this stock as one of the best stocks to buy today.

 

4. Man Infraconstruction (MANINFRA)

Man Infraconstruction Stock Details for Today: 

- Current Market Price: Rs. 123

- Stop Loss: Rs. 120

- Target 1: Rs. 126

- Target 2: Rs. 131

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

 

5. Tatva Chintan (TATVA)

Tatva Chintan Stock Details for Today: 

- Current Market Price: Rs. 2,560

- Stop Loss: Rs. 2,490

- Target 1: Rs. 2,610

- Target 1: Rs. 2,750

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Multibagger Alert: Rs 1 lakh invested in this liquor stock would have given you Rs 7.8 lakh in five years

Multibagger Alert: Rs 1 lakh invested in this liquor stock would have given you Rs 7.8 lakh in five years
by 5paisa Research Team 27/10/2021

Long-term investors have made a huge profit by investing in Radico Khaitan as it has surged by 687% in the last five years.

The stock of multibagger Radico Khaitan rallied from Rs 140 in October-2016 to Rs 1,109 today, gaining 687% in the last 5-years. Rs 1 lakh invested in 2016 would have become Rs 7.87 lakh in 2021.

From the beginning of the year 2021, the stock has rallied 142%, from Rs 456 to Rs 1,109. Rs 1 lakh invested in Jan-2021 would have become Rs 2.42 lakh today in just 10 months.

Products and brands

Radico Khaitan is one of the largest and oldest manufacturers of IMFL (Indian Made Foreign Liquor). The company has a wide range of branded portfolios across IMFL categories of Whisky, Brandy, Rum and White spirits. Currently, it has four millionaire brands which are 8 PM Whisky, Contessa Rum, Old Admiral Brandy and Magic Moments Vodka.

Market leader

Magic Moments leads the vodka Industry in India with over 58% market share whereas Morpheus Brandy leads the premium brandy category with over 56% market share. During the last decade, the company has launched 12 new brands of which 11 are in the premium category.

Highly experienced promoters 

Khaitan Family, the promoters and management of Radico Khaitan have been in the liquor industry since 1943. That is for more than seven decades of great experience.

Steep profit growth

In the last five years from FY16 to FY21, revenue has grown at a CAGR of 8% but profit has grown at a CAGR of 28% which shows the steep growth of the company. There is a decent increase in operating profit margin from 12% in FY16 to 17% in FY21, due to cost optimization in materials used for manufacturing.

Though stock had a massive rally in the past with strong performance, do you still think the company can utilize the present situation and gain momentum?

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Stock in Focus: IDFC on the verge to give a multi-year breakout?

Stock in Focus: IDFC on the verge to give a multi-year breakout?
by 5paisa Research Team 27/10/2021

For almost 13 years now IDFC is moving in a downward channel. However, is it on a verge of giving a multi-year breakout? Let’s find out.

IDFC Ltd is yet to release its Q2 FY22 results. But in Q1 FY22, IDFC Ltd posted a total income of Rs 111.6 crore as against Rs 104 crore in the same quarter last year, depicting a growth of around 7% on a consolidated basis. However, it posted a net loss of Rs -410.3 crore as against Rs -26.3 crores in Q1 FY21. Whereas in Q4 FY21, it posted a net profit of Rs 41.1 crores.

IDFC Ltd is a Non-Banking Finance Company (NBFC) that operates as an Infrastructure Finance Company. This means that its core business is financing infrastructure projects in sectors such as energy, telecom, logistics, commercial and industrial projects including hospital, education, and tourism. However, in April 2014, it received approval from the Reserve Bank of India (RBI) to set up a private sector bank. Therefore, from October 1, 2015, they are operating as an NBFC - Investment Company.

As for the stock performance, it is moving in a downward channel for the past 13 years. Presently, it is trading near the upper trendline of the channel. Even the volume seems to be elevated. When it got listed in 2005, it was in a good rally up to 2007. In this period, it generated around 442% on an absolute basis. However, ever since the Great Financial Crises struck in 2008, this stock has been trading downwards in a range-bound fashion.

Looking at the Relative Strength Index (RSI) which is hovering around 61 levels, already gave a multi-year breakout on monthly basis. Also, RSI is trading above its 20-Month Exponential Moving Average (EMA) of 55. This shows strength in the up move of the stock. On the flip side, the Rate of Change (ROC) seems to be declining since February 2021.

So, is IDFC limited likely to give a multi-year breakout? Need to wait and watch for time being. However, with increased volumes and sideways consolidation since March 2021, the stock is indeed gathering strength.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

These penny stocks are locked in the upper circuit on Wednesday

These penny stocks are locked in the upper circuit on Wednesday
by 5paisa Research Team 27/10/2021

On Wednesday, the benchmark indices are trading at day's low dragged by metals and financial stocks. Sensex is trading 178.59 points lower at 61,171.67 level and Nifty 48.4 points down at 18,220 level.

Asian Paints, Sun Pharma, Bharati Airtel, SBI and Ultatech Cement are the top 5 gainers in the Sensex group whereas Axis Bank, Bajaj Finance, Bajaj Finserv, IndusInd Bank and HUL were among the top 5 losers within the index. The stocks of HDFC Bank, Kotak Mahindra Bank and SBI have made fresh 52-week highs in Tuesday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen outperforming benchmark indices gaining 0.11% and 0.28%, respectively. Union Bank is holding the top position in the BSE Midcap index whereas, in the Smallcap space, TCI (Transport Corporation of India) is in the limelight zooming beyond 15% on Wednesday.

On the sectoral front, all the sectoral indices are trading flat with BSE Metal index rattling 1.22% in Wednesday’s trading session. The worst performing stock dragging the index is Vedanta plunging up to 4.2% followed by Jindal Steel, SAIL, NMDC and APL Apollo Tubes.

Penny stocks are a form of market traded security that attracts minimal pricing. These securities are mostly offered by companies with lower market capitalization rates. Therefore, these are also called nano-cap stocks, micro-cap stocks, and small-cap stocks, depending on the company’s market capitalization.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.92%.

Following is the list of penny stocks that locked in the upper circuit on Wednesday, October 27, 2021.
 

Sr No   

Stock   

LTP   

Price gain (%)  

1  

Sintex Industries   

5.1  

4.08  

2  

Llyods Steels  

6.4  

4.92  

3  

Sintex Plastics Technology   

5.8  

4.5  

4  

Vikas Multicorp   

3.85  

4.05  

5  

GTL Infra   

1.55  

3.33  

6  

Viji Finance   

2.8  

3.7  

7  

Ankit Metal Power   

4.05  

3.85  

8  

Shriram EPC   

7.05  

4.44  

9  

Orient Green Power  

4.55  

4.6  

10  

Indosolar Ltd   

3.8  

4.11  

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order