These stocks are likely to be in focus on October 12.

These stocks are likely to be in focus on October 12.
by 5paisa Research Team 11/10/2021

On Monday, despite fading the intraday gains, the benchmark indices closed on a fresh record high led by the auto, bank, metal, power and realty stocks. Sensex gained 76.72 points or 0.13% ending at 60,135.78 level, and the Nifty was up 50.80 points or 0.28% settling at 17,946 level.

On the sectoral front, the IT index fell 3%, while auto, bank, metal, power and realty indices widened by 1-2.5%. In the broader markets, BSE midcap and smallcap indices rose 0.5% each. In Monday’s trading session, about 1814 shares have advanced, 1375 shares declined, and 141 shares remained unchanged.

Maruti Suzuki, Powergrid Corporation, ITC, NTPC and SBI were among the top Sensex gainers, whereas TCS, Tech Mahindra, Infosys, HCL Technologies and Reliance Industries were among the top Sensex losers.

Keep a watch on these stocks for Tuesday’s trading session:

Tata Motors – The company has reported retail sales for the second quarter ending September 2021 which were 92,710 vehicles, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year. The sales were lower on a YoY basis in most regions, including North America (down 15.6%), China (down 6.3%), Europe (down 17%), and in the UK (down 47.6%), but on the other hand improved in the overseas region (up by 10%). The share has zoomed by 8.54% on Monday and has hit its 52-week high price.

Glenmark Pharmaceuticals - The company announced the launch of Tavulus® for COPD treatment in Spain, becoming one of the first companies to launch a bioequivalent version of the dry powder inhaler. The stock has gained 1.33% in Monday’s trading session and is likely to be in focus on Tuesday.

Avenue Supermarts – Forming a long green candle on the charts, the stock has zoomed up to 7% in Monday’s trading session. The stock is trading in green for three consecutive sessions and has broken the current resistance level in Monday’s trading session. The stock is trading with a positive RSI. Keep a close watch on this stock on Tuesday.

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Closing Bell: Nifty breaches 18000 mark, Sensex hits all time high; Auto and Power stocks shine.

Closing Bell: Nifty breaches 18000 mark, Sensex hits all time high; Auto and Power stocks shine.
by 5paisa Research Team 11/10/2021

At Closing Bell on Monday. Nifty breaches the 18000 mark, Sensex hits all time high. Auto and Power stocks shine.

As is the story for the past few months, the Indian stock market is scaling new trading peaks each day, and today was no different as benchmark indices Sensex and Nifty closed at record highs.

At the closing bell on October 11, 2021, the Sensex was up 76.72 points or 0.13% at 60,135.78, and the Nifty was up 50.80 points or 0.28% at 17,946.00. On the bourses today, 1814 shares have advanced, while 1375 shares declined, and 141 shares were unchanged.

Automobile, utility and power company stocks were trending throughout the trading session and outperformed broader markets. BSE midcap and smallcap indices were up by more than 0.55% each and closed at 25,978.36 and 29,506.36 respectively.

Among the top gainer for the day were Maruti Suzuki, Powergrid Corporation, ITC, NTPC and SBI. Top losers in Monday's trading session include TCS, Tech Mahindra, Infosys, and HCL Technologies.

Tata Motors reported retail sales for the second quarter ending September 2021 were 92,710 vehicles, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year.

Tata Motors touched a 52-week high of Rs 420.75 and was trading at Rs 415.60, up by 8.53% on the BSE.

On sectoral basis, the IT index fell by 3%, while auto, bank, metal, power and realty indices added 1-2.5%.

According to market experts, the auto sector will continue its outperformance in expectation of demand revival during the festive season, whereas power and renewable energy will continue to be in focus.

Banking stocks also followed the buying trend owing to strong business preview numbers and favourable credit growth data. But, the IT sector was under pressure as initial earnings releases failed to meet market expectations.

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 11/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Shilpa Medicare, NMDC, Torrent Power.

 

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

  1. Shilpa Medicare: The stock had witnessed a breakout of a downward sloping trendline. This was formed connecting the swing high from July 27 onwards. Interestingly, the stock witnessed a follow-up move in the direction of the breakout along with a rise in the volumes. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range was greater than its 10-day average range. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 640 followed by Rs 675 while on the downside the support is seen around levels of Rs 594.

  1. NMDC: The stock has formed a bullish candle on Monday as it jumped over 5%. The stocks' daily range on Monday was greater than its 10-day average range. Additionally, the volume for the day was greater than its previous trading session and it was the highest since August 30. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 161, while immediate support is seen around Rs 149.

  1. Torrent Power: The stock has jumped over 7% on Monday and with this, it has witnessed a breakout of pennant like pattern along with a huge spurt in volume. Interestingly, the stock has met the criteria of volume and price surge on Monday. The volumes were higher than its previous trading session and it was higher than 10 and 30-days average volume. In addition to this, the daily range of the stock was greater than its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 560 in the near to medium term. On the downside, support is seen around Rs 520 levels.

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Best Mutual Funds for SIP in 2021 | 5paisa Mutual Fund Research

by 5paisa Research Team 11/10/2021

In recent times, people have moved beyond fixed deposits and insurance policies to look for better ways to invest and grow their money. While old savings schemes offer secure and stable ways to keep money, they often do not provide high growth or interest rates to satisfy all. Mutual funds are an excellent way to grow your money in a short period of time.

If you are someone who is recently discovering mutual funds and SIPs, you must read a lot to understand which funds are the best currently. While some investors risk their money by their gut feeling, some prefer to do extensive research before starting their investment journey.

For the unversed, mutual funds are professional investment funds that pool money from several investors and purchase securities. This system is managed by experts and they try to minimize risks and maximize profits for everyone who has put money in.

What is SIP (Systematic Investment Plan)?

A Systematic Investment Plan or SIP is a facility by mutual funds in which investors can put money in an organized manner. In an SIP, you can invest a fixed amount of money at regular intervals in your selected mutual fund scheme. The investment interval can be predecided before making the SIP.

Best Mutual Funds for SIP in 2021

Since there are so many investment funds and options in the market, beginners often get confused about which mutual funds to invest in, and specifically which mutual fund is best for SIP. This is why we bring a list of the best mutual funds for SIP that you can trust in 2021.

BOI AXA Mid & Small Cap Equity & Debt Fund

This is a hybrid SIP that has seen 78.26% three-year returns and 15.62% in one-year returns. BOI AXA Mid & Small Cap Equity & Debt Fund has an 80.91% investment in Indian stocks presently. Of that, the fund has 13.67% investment in debt, where 1.97% is in government securities and 11.7% has funds invested in securities with very low risk.

This aggressive mutual fund scheme has no lock-in period and has an expense ratio of 1.9%, which is higher than most other aggressive hybrid funds. It last doubled investment in one year and three months, which means it is a great SIP to invest in.

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund is one of the most stable and consistent performers when it comes to mutual fund SIPs. It is a large-cap fund that has given around 32% returns in 2017 and 9% returns in 2019. 

If you do not see immediate growth with this investment, do not fear. This bluechip fund is aimed at long-term growth in equity schemes. Keep investing and see your finances improve steadily.

PGIM India Flexi Cap Fund

This flexi cap fund has seen three-year returns of 68.98% and a one-year return of 23.47%. It aims to reduce the volatility of market conditions and adapt itself to provide maximum security to its investors. Basically, PGIM India Flexi Cap Fund SIP dynamically allocates portfolios across market caps to generate risk-adjusted returns.

It is ideal for investors who want to keep their money invested for at least three to four years without worrying too much about minor losses. At the end of this period, you will get high returns. This fund has 92.67% in Indian stocks, of which 46.02% is in large-cap stocks. 

Axis Bluechip Fund

Axis Bluechip Fund is another long term capital investment SIP with a good track record of returns. It has seen 51.1% returns in the last three years and 22.6% in one year. It archives long term appreciation by investing in a diversified portfolio that consists mostly of equity and equity-related securities.

This large-cap fund provides growth that can beat inflation in a few years and is extremely suitable for people looking to invest for more than five years, ideally between 10 to 15 years. The longer you invest, the higher returns you can expect from this fund. Although Axis Bluechip has moderately high risks, it has a great long term return record. 

Parag Parikh Flexi Cap Fund

This flexi cap fund is a direct-growth mutual fund scheme from PPFAS Mutual Fund. It was initiated in 2013 and has since served steady returns to its investors. Currently, Parag Parikh Flexi Cap Fund has over 14,590 crore rupees worth of assets and is a small fund. Its expense ratio is 0.87% and its last one-year returns rate is 59%. 

This fund is known for delivering consistent results and doubling the invested money in less than two years. It also has the ability to control losses above averagely during bad phases in the market. Most of its funds are invested in technology, finance, automobiles, and FMCG sectors.

If you invest in this SIP, you can expect returns without major ups and downs and also choose to withdraw your money in lesser time as compared to other SIPs.

Conclusion

Mutual fund SIPs are a great way to start your investment journey and get some constructive knowledge about the market. Before taking big judgement calls and higher risks, it is advisable that you invest in these reliable mutual funds for SIP to ensure higher returns and lower risk factors over time.

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

Chart Busters: Top trading set-ups to watch out for on Tuesday.
by 5paisa Research Team 12/10/2021

On the first trading session of the week, the benchmark index Nifty has marked a fresh all-time high of 18041.95 level. However, the index has cooled off from the day's high and ended the session at a 17945.95 level with a gain of 50.75 points or 0.28%. 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 on Tuesday.

Minda Corporation: After registering the high of Rs 148.10, the stock has witnessed correction. The correction is halted near the 61.8% Fibonacci retracement level of its prior upward move and it coincides with the 200-week EMA level. These averages are in a rising trajectory. Since the last 45 trading sessions, the stock is oscillating in a narrow range, which resulted in the formation of ascending triangle pattern. On Monday, the stock has given a breakout of ascending triangle pattern on the daily chart. This breakout was backed by strong volume.

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 leading indicator, 14-period daily RSI has surged above the 60 mark, which is a bullish sign. The weekly RSI has given positive crossover. On the daily timeframe, ADX is 10.35 and suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

Going ahead, as per the measure rule of ascending triangle pattern, the first target is placed at Rs 157, followed by Rs 163 level. On the downside, the 20-day EMA is likely to act as strong support for the stock.

Endurance Technologies: Considering the weekly scale, the stock is trading in a rising channel for the last 58 weeks. In the last three weeks, the stock has formed a strong base near the supply line of the rising channel (logarithmic scale). On Monday, the stock has given the base pattern breakout on the daily chart. This breakout was confirmed by the above 50-day average volume.

Talking about moving averages, the stock has recently surged above its short and long-term moving averages. These averages are in rising mode. 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 the 60 mark and above its prior swing high. The daily MACD stays bullish as it is trading above its zero line and signal line. Moreover, the +DI has surged above the ADX on the daily chart which suggests that the trend will strengthen further.

Going ahead, the prior swing high of Rs 1750, followed by Rs 1830 is likely to act as resistance for the stock. While on the downside, the zone of Rs 1574-Rs 1550 will act as crucial support for the stock as it is the confluence of 100-day EMA, demand line of the rising channel and prior swing low.

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Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.
by 5paisa Research Team 12/10/2021

SGX Nifty indicates markets to open in red, but the big question should you ‘buy the dip’?

The Indian stock market is scaling new trading peaks every session, and Monday was no different as benchmark indices Sensex and Nifty closed at record highs. While Nifty breached the 18000 mark on an intraday basis, Sensex was hovering above the 60000 level at the closing bell.

In the last trading session, the Nifty index logged its highest daily closing, while the broader markets cheered as they outperformed the frontline indices. As a result, market participants would be expecting the bulls to continue their northward journey for the third straight day! However, as per the early indication, Nifty is likely to waver in early morning action as SGX Nifty is down by 86 points and was seen trading at 17,875 levels. The blame of changing sentiment on D-Street is due to melancholy cues from the global markets. However, the million-dollar question is should one buy this dip or not? We believe as long as the index trades above its crucial support of 17,830-17,840 one can buy the dip. 

Cues from Asian markets: The Asian markets were seen trading in red on Tuesday amid disappointing cues from Wall Street in overnight trade. Hong Kong’s Hang Seng was down by 0.97% followed by Japan’s Nikkei 225 which has slipped 0.79% and China’s Shanghai Composite that dropped by 0.52%.

Overnight cues from US markets: All the three major US stocks indices ended Monday's trading session in negative terrain and near to their worst level of the day. The Dow and the S&P lost nearly 0.7%, while the tech-heavy Nasdaq dropped 0.6%. Interestingly, the US 10-year bond yield went past 1.6%, which is the highest level since June.

Last session summary: On Monday, Indian benchmark indices started off the session on a tepid note, however, soon bulls gathered momentum and they not only recouped entire losses but went on to score in a big way. Nifty for the first time crossed its important psychological level of 18,000 and touched a high of 18,041.95. However, in the latter part of the trading session profit booking emerged, and as a result, Nifty trimmed its gains and settled up by 0.28%. The broader markets outperformed with Nifty Midcap 100 and Smallcap 100 rising by 0.61% and 1.16%, respectively.

Among sectoral indices, barring Nifty IT all other sectoral indices witnessed buying interest. Auto was the top gainer.

FII’s and DII’s activity on Monday: FIIs and DIIs were net sellers to the tune of Rs 1,303.22 crore and Rs 373.28 crore, respectively.

Important events to watch out for the day: On the earning front, GM Breweries and BEPL will be in focus. Also, market participants would keenly watch the release of the September CPI Inflation and August industrial output data.