Nifty 17196.7 (-1.18%)
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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%)
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Bharti Airtel 718.35 (-1.94%)
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Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
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HCL Technologies 1171.40 (-1.12%)
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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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Overview of Infrastructure Investment Trusts (InvIT)

Overview of Infrastructure Investment Trusts (InvIT)
by 5paisa Research Team 10/11/2021

Infrastructure Investment Trusts or InvITs is a new product in India, which isn’t very popular among investors. Let’s have a look at the same.

The InvITs are regulated by Securities Exchange Board of India (SEBI) (Infrastructure Investment Trusts) regulation, 2014. InvITs predominantly encourage the development of the infrastructure sector of India as this sector is responsible for boosting India’s overall development. Like mutual funds, InvITs pool the investors’ capital and invest across income-generating assets by investing in infrastructural assets such as roads, ports, highways, power projects, etc. The income generated is distributed to the investors as dividend income. The units of InvITs are listed on the stock exchange. This investment instrument is a combination of both equity as well as debt.

The investment by InvITs should be a minimum of 80% in completed and revenue-generating infrastructure projects. Moreover, they cannot invest more than 20% of their assets in other eligible investments such as under-construction infrastructure projects and SEBI-approved equity and debt instruments. InvITs must distribute 90% of their income to their unitholders in the form of dividends. The minimum application value of InvITs has been cut down to Rs 15,000 from Rs 1 lakh by SEBI. As of now, there are 15 InvITs registered under SEBI. InvITs can be held in two ways such as:

Privately-held InvITs: These are not listed on the Exchanges and cannot be bought or sold via stock exchange. These types of units are held privately by very limited individuals as well as institutions.

Public-listed InvITs: These are listed on the Exchanges and can be bought or sold through the stock exchange by retail investors as well as institutional investors.

How to invest in InvITs?

As the units of InvITs are listed on the stock exchange so, in order to purchase the units of InvITs, you need to have a Demat account. And the else way to invest is via mutual funds. Investment in the infrastructure sector through mutual funds will be very limited if you opt for this route. It might be difficult for small investors to invest in this investment instrument. Before investing in InvIT, one should do proper research about the same and only then, invest in it. 

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Multibagger Alert: Investment of Rs 1 lakh in this stock last year would have turned to Rs 4.54 lakh today!

Multibagger Alert: Investment of Rs 1 lakh in this stock last year would have turned to Rs 4.54 lakh today!
by 5paisa Research Team 10/11/2021

This company has successfully converted five infrastructure startups into thriving businesses by providing strong cash flow support during their initial capex cycle.

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has turned into a multibagger by delivering massive returns of 355% as of November 9, 2021. The stock which was trading at Rs 359.5 on November 10, 2020, closed at Rs 1635.65 yesterday (November 9, 2021). It made a 52-week high of Rs 1718.45 on 7 June 2021.

As an incubator for transforming infrastructure startups into thriving businesses, AEL has a sharp focus on establishing new businesses in the infrastructure and energy sector. So far, it has built five unicorns, namely- Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and Adani Total Gas. 

While these five companies have been successfully established, AEL’s focus now lies on incubating a new wave of Infrastructure & Utility Assets. In alignment with this, it has made strategic investments in the fields of airport management, roads, data centre and water infrastructure.

Talking about these developing businesses, in the Airport Vertical, which commenced operations in Q3 FY21, the company has a portfolio of eight airports, which serve approximately 20% of the total passenger base.

In the Road vertical, the company has a portfolio of 10 projects with NHAI for the construction/operation of roads aggregating to more than 450 km. In Q2FY22 alone, AEL completed road construction of 4 lakh km and for H1FY22, the construction numbers stand at 15 lakh km. By 2026, the company targets to construct roads of 12,000 lakh km.

In the Data Centre vertical, the company bagged a contract from Flipkart for 3MW capacity in Chennai. With a plan to empower Digital India, AEL aims to have a 1 GW Data Centre Platform in a decade.

In the Water infrastructure vertical, AEL signed a concession agreement with Bihar Urban Infrastructure Development Corporation in October 2021 for the Bhagalpur wastewater project.

Commenting on Q2FY22 performance, the company’s net revenue grew by 44.83% to Rs 13,218 crore. The PBIDT (ex OI) stood at Rs 882.6 crore, an increase of 17.49% YoY. However, its corresponding margin contracted by 155 bps to 6.68%. The bottom line declined by 69.5% to Rs 121.74 crore.

At 1.33 pm, the share price of Adani Enterprises Ltd was trading at Rs 1678.40, an increase of 2.61% from the previous day’s closing price of Rs 1635.65 on BSE.

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