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%)

These stocks are likely to be in focus on November 8

These stocks are likely to be in focus on November 8
by 5paisa Research Team 03/11/2021

On Wednesday, the benchmark indices witnessed profit booking because of weak global market cues and stretched valuations.

At close, the Sensex was down 257.14 points or 0.43% at 59,771.92, and the Nifty was down 59.80 points or 0.33% at 17,829.20. About 1509 shares have advanced, 1662 shares declined, and 143 shares are unchanged.

On the sectoral front, the auto, bankex, consumer durables and telecom indices declined over 1% while realty and capital goods index zoomed beyond 2%. The indices in broader markets, BSE Smallcap index and BSE Midcap index ended 0.22% and 0.33% lower.
 

Watch out for these stocks for Monday’s trading session.

Lupin - The company announced the launch of the authorized generic version of Antara (Fenofibrate) Capsules, 30 mg and 90 mg, of Lupin Atlantis Holdings, S.A. Corporation, a wholly-owned subsidiary of Lupin. Fenofibrate is an oral medication of the fibrate class used to treat abnormal blood lipid levels. Keep a watch on this stock on Monday.

Bharti Airtel– The company declared its quarterly results for the quarter ended September 30, 2021. On a consolidated basis, the net profit zoomed 300% sequentially to Rs 1,134 crore in Q2 FY22. The net profit adjusted for the one-time spectrum sale gain and tariff hikes undertaken in August stood at Rs 594 crore. Consolidated revenues on a sequential basis were up 6% at Rs 28,326 crore. Meanwhile, the consolidated EBITDA of Rs 14,018 crore was up 6.2% compared to the previous quarter. Keep an eye on this stock on Monday.

52-week high stocks – From the Sensex pack, the stocks of Larsen & Toubro and SBI have been catching attention on Wednesday. They have made a fresh 52-week high in Wednesday's trading session with Larsen & Toubro gaining up to 4.25%. Keep a watch on these stocks on Monday.

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

Check out the biggest mid-cap gainers since Diwali 2020

by 5paisa Research Team 03/11/2021

India’s stock markets have offered rich rewards to investors since Diwali 2020 in spite of a slowdown in the economy due to the Covid-19 pandemic. And it’s not the blue-chip stocks that have gained the most over the past year.

In fact, mid-cap and small-cap stocks have raced ahead of large-cap stocks since the last Diwali. However, a little bit of caution has set in over the past few weeks as is evident from a pullback in benchmark indices.

Analysts say that high-quality mid-cap and small-cap companies are likely to do well in the coming year, too, and that the broader outlook remains positive. On the flip side, the stock market’s gains over the next year may not be as high as the past year especially as the US Federal Reserve looks to start tapering its monetary stimulus.

The BSE’s 30-stock benchmark Sensex has climbed 37% since last Diwali, on November 14, 2020, while the National Stock Exchange’s Nifty 50 has surged 39%.

In comparison, the BSE mid-cap index has jumped 60% while the BSE small-cap index has soared 80%, stock-exchange data show.

Almost a dozen and a half mid-cap stocks have risen 100% or more since Diwali 2020. These include six state-run companies such as online train ticketing venture IRCTC Ltd.

JSW Energy led the pack of mid-cap companies with the most gains. The electricity arm of billionaire Sajjan Jindal-led JSW Group has surged 418% since last Diwali. The gains would have been higher but for a 19% correction since it touched a high of Rs 408 apiece on October 14.

Tata Power Company gained more than 300% to rank second on the list while software services company Mindtree jumped more than 260%. Two other companies related to the power sector were among the top 10 mid-cap gainers. These were Adani Power and state-run equipment maker Bharat Heavy Electricals Ltd. Both these companies gained more than 150%.

Steel Authority of India Ltd and IRCTC surged over 200%. IRCTC’s gains would have been higher had it not lost nearly a third of its value over the past fortnight, due partly to a policy flip-flop by the government.

Mphasis, Oil India, Godrej Properties, Canara Bank, Oberoi Realty, Astral Ltd, ABB India, Bharat Electronics, Gujarat Gas and SRF are the other mid-cap stocks that have at least doubled in value since Diwali 2020.

Small caps

More than 300 small-cap stocks have also surged over 100% since last Diwali. Brightcom Group and Nahar Spinning Mills topped this list after advancing 1,200-1,400% each.

JTL Infra, GRM Overseas, Tata Teleservices, Ganesh Housing, RattanIndia Enterprises Goldiam International and Elecon Engineering are among the other small-cap stocks that jumped more than 500% each over the past year.

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

Festive Fervour: Will gold shine this Diwali?

Festive Fervour: Will gold shine this Diwali?
by 5paisa Research Team 03/11/2021

Gold is something people often buy during Diwali. So, is gold likely to glitter this festive season? Let’s find out. 

After making a low of 24,451 in July 2015, MCX gold futures began their northward journey and made a high of 56,191 in August 2020. Post this it witnessed selling pressure and is making lower highs and lower lows on the daily time frame. But in March 2021, it took good support on the crucial Fibonacci level of 38.2% (44,077 level) and headed upwards. However, since August 2020, it is respecting the downwards sloping trendline on weekly charts. Having said that, it is presently trading near its falling trendline.

Presently, gold is trading near its 50-Week Exponential Moving Average (EMA). It would be interesting to see if it takes support on the same. Looking at the Relative Strength Index (RSI), it is hovering just above its 20-Week EMA of 48.65 at 51.04. Moreover, there is no divergence visible whatsoever between the RSI and the movement of gold. Even the Rate of Change (ROC) is trading flat at -0.2 level.

Gold is presently trading at the upper band of the Bollinger band. Whereas, the gap between the upper band and the lower bad is quite narrow suggesting low volatility. Having said that, the gold is placed above its Parabolic SAR on weekly charts. However, on monthly and daily charts it is placed below its Parabolic SAR suggesting a sideways move.

The gold would only shine in a few probable circumstances as listed below.

  1. If it breaches the downward sloping trendline.

  1. If it breaks and sustains its immediate resistance zone of 48,635-48,730. 48,730 is also its important Fibonacci level of 23.6%.

On the downside, 45,589-44,077 act as its immediate support zones. In fact, 44,077 is the Fibonacci level of 38.2%.

Therefore, any move on the upside would be determined by the encroachment of the gold above the downward sloping trendline and its immediate resistance levels. The technical indicators at present are supporting sideways move in the short term.

 

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

Here are the biggest Nifty50 gainers and losers since last Muhurat session

by 5paisa Research Team 03/11/2021

The National Stock Exchange’s benchmark index, the 50-stock Nifty, has gained around 40% since the Muhurat trading session last year on the day of the Diwali, which was on November 14. Indeed, the past one year has seen unprecedented wealth creation. And while some stocks have been outperformers, a few have disappointed their investors.

Big gainers

As many as seven Nifty stocks have more than doubled in the last year or so as the investors look to book orders on Muhurat trading session this year on Thursday, November 4. Five of these are firms that are part of old family groups—Tata, Birla and Bajaj.

Tata Motors and Tata Steel have been the biggest gainers over the last year or so with the automaker more than tripling in value while the alloy maker nearly matching the sibling.

Tata Steel was not the sole exception as commodity prices helped boost several companies. Aditya Vikram Birla Group’s aluminium company Hindalco and group flagship Grasim, a diversified holding firm that also houses several commodity units, have also more than doubled in value.

Two PSU stocks—energy giant Oil & Natural Gas Corp and the top lender State Bank of India—were among the top gainers. Bajaj Finance was also among the stocks that zoomed.

JSW Steel and Adani Ports also nearly doubled since the last Muhurat session.

Laggards

Among those that underperformed the index were clearly the automobile pack outside of Tata Motors. Two-wheeler companies Hero MotoCorp and Bajaj Auto, commercial vehicle and tractor makers Eicher and Mahindra & Mahindra as also the country’s top passenger vehicle maker Maruti Suzuki were among the laggards.

Hero MotoCorp, in fact, was the biggest loser and has declined nearly 15% since the last Muhurat session. Drugmaker Dr Reddy’s Labs and state-run Power Grid Corp reported a marginal decline of around 2% in their shares.

HDFC Life Insurance, Britannia, Eicher and state-run BPCL were among those that churned out low single-digit returns.

In the IT pack, Wipro, Infosys, Tech Mahindra and HCL outperformed the Nifty while Tata Consultancy Services recorded a modest performance.

Heavyweight Reliance Industries, too, rose at a much slower pace compared to the 50-stock index.

Among the banking and finance pack, besides SBI, Bajaj Finance and Bajaj Finserv, ICICI Bank and IndusInd Bank did better than the Nifty as a whole. However, HDFC Bank, Kotak Mahindra Bank, HDFC Ltd and Axis Bank were the underperformers.

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

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.

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 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  

   

   

   

   

   

 

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