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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%)
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Dr Reddys Labs 4596.50 (-1.42%)
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Top swing trading ideas you should not miss!

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

Best Swing Trading ideas based on price and volume percentage surge. Welspun corporation, Cochin Shipyard, and Ingersoll-Rand India.

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:

Welspun corporation: The stock soared aggressively by 5% on Thursday. After days of consolidation, the stock finally broke its range on the upside and closed above all key moving averages indicating strength. The volume witnessed today was greater than its 10-day average volume which indicates active participation. The RSI is at 57, which validates a positive view of the stock. In the near term, the stock shows potential to test its all-time high levels of Rs 150-155. Considering the strong breakout, the stock looks attractive for swing trading.

Cochin Shipyard: The stock rose 2.65% on Thursday forming a strong green candle with a larger volume. The stock looks extremely bullish since a few trading sessions but bigger volumes seen today validate that it still has the firepower in it. The RSI is looking strong at 64. With price action and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 390 and beyond.

Ingersoll-Rand India: This stock closed at its all-time high. After days of consolidation, the stock rose a massive 9.25% and finally broke out with big volume validating a big move that is yet to come. The volume witnessed today was 25 times the previous day’s volume. The RSI is going strong at 75. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss the opportunity in this stock.

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F&O Cues: Key support and resistance levels for Nifty 50 on Friday

F&O Cues: Key support and resistance levels for Nifty 50 on Friday
by 5paisa Research Team 11/11/2021

Nifty F&O action for November 12 expiry shows 17,800 will act as feeble support.

The Indian equity market continued its losing streak and closed in red for three days in a row. In the last two trading sessions the intraday range was on the lower side, however, today the fall and range both were wide. Today being the expiry day it was expected that the market will remain volatile. Indian equity market was the only major market that closed in red in today’s trade. It seems that a higher than expected inflation number for the US is impacting only our market.

Activity in the F&O market for the weekly expiry on November 18, 2021, shows that 18,000 will continue as a strong resistance. The highest call option open interest (59,570) for Nifty 50 stood at a strike price of 18,000. In terms of the highest addition of open interest in the call options front was at 18,000 in the last trading session. A total of 51,555 open interest was added at this strike price. The next highest call option open interest stands at 19,000 where total open interest stood at 42,702.

In terms of put activity, the highest put writing was seen at a strike price of 17300 (22,011 open interest added on November 11), followed by 17,400 (20,833 open interest added on November 11). There was hardly and put unwinding that happened in today’s F&O activity.

Highest total put open interest (28,875) stood at a strike price of 17,500. This is followed by a strike price of 17,400, which saw a total put option open interest of 28,212 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  

2417  

19913  

17496  

17,700.00  

2858  

18589  

15731  

17,800.00  

14637  

24921  

10284  

17900  

34431  

21780  

-12651  

18,000.00  

59570  

15940  

-43630  

18,100.00  

38642  

4076  

-34566  

18,200.00  

34152  

2208  

-31944  

The Nifty 50 put call ratio (PCR) closed at 0.64 worse than 0.69 in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish. 

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Looking for mid-caps? Check out the stocks FIIs have been bullish on

by 5paisa Research Team 11/11/2021

Indian stock indices are consolidating after hitting a new peak even as investors, anticipating a correction form these levels, are shuffling their portfolio.

Foreign portfolio investors (FPIs) or foreign institutional investors (FIIs) had become more cautious about investing in India but they did pump in more money into a clutch of mid-cap stocks over the last few months.

Quarterly shareholding data show they increased their holding in more than 200 listed companies. And in about a fourth of these companies they pushed their stake by 2% or more.

Among these were around 57 mid-cap stocks with current market valuation ranging between Rs 5,000 crore and Rs 20,000 crore.

A sector-wise analysis shows the mid-cap stocks that found offshore buyers are spread across financial services, construction, engineering and industrial, logistics, electrical appliance, and non-ferrous commodities.

Top mid-caps where FIIs bet more

Among the largest mid-caps that saw offshore portfolio investors turn bullish during the three months ended September 30, 2021, are new-age tech firm Happiest Minds, SKF India, GR Infraprojects, Nalco, Alkyl Amines, Blue Dart Express, Carborundum Universal, Metropolis Healthcare and Chambal Fertilisers.

FIIs also bought additional shares of several financial services companies such as CAMS, UTI Asset Management, IIFL Wealth Management and IIFL Finance. Finolex, Welspun India, Quess Corp, Bajaj Electricals, Amber Enterprises, Dhani Services, Narayana Hrudayalaya, Balaji Amines and Graphite India were the other stocks where FIIs bet more.

CAMS, diagnostics chain Metropolis, Welspun India and Graphite India had also seen offshore investors bump up stake in the previous quarter ended June 30.

Mid-caps that saw FIIs buying 2% or more

In the April-June quarter, FIIs had picked up over 2% additional stake in half a dozen mid-caps. But in the second quarter, the investors backed around two dozen companies with a significant stake purchase.

These include state-run aluminium major Nalco, Murugappa group firm Carborundum Universal, Metropolis, Chambal Fertilisers, IIFL Finance, business services and facility management firm Quess Corp, hospital chain Aster DM Healthcare, Indiabulls Real Estate and road developers GR Infraprojects, PNC Infratech and KNR Constructions.

Among others were drugmaker Granules, carbon and graphite maker HEG, JK Lakshmi Cement, Saregama India, Gujarat Narmada Valley, Sterling & Wilson, restaurant chain Barbeque-Nation, GMM Pfaudler, Cera Sanitaryware, Hikal and Olectra Greentech.

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Penny Stock Update: These stocks gained up to 38% on Thursday

Penny Stock Update: These stocks gained up to 38% on Thursday
by 5paisa Research Team 11/11/2021

Today Indian equity market closed down in red today. BSE Consumer Durable index is the top gainer whereas, BSE Realty index is the top loser in Thursday’s trade.

On November 11, the Indian equity market closed deep down in red. The majority of sectoral indices also fell with only four sectoral indices closing up in green.

Today is the third day in a row where Nifty 50 and BSE Sensex closed in red, down by 143.60 points i.e., 0.80% and 433.13 points i.e., 0.72% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, M&M and Titan Company. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC, ICICI Bank, SBI, Bajaj Finserv and Bajaj Finance.

In Thursday's trading session the S&P BSE Consumer Durables, S&P BSE Metal, S&P BSE Power and S&P BSE Utilities are top gainers. BSE Consumer Durables index consisting of stocks such as Blue Star Ltd, Titan Company Ltd, Whirlpool of India Ltd and Voltas Ltd are the top gainers. 

The S&P BSE Realty, S&P BSE Healthcare, S&P BSE Enhanced Value Index and S&P BSE BANKEX sectoral indices are top losers. BSE Realty index consisting of stocks such as DLF Ltd.

Prestige Estates Projects Ltd, Godrej Properties Ltd and Oberoi Realty Ltd are the top losers.

Here is the list of penny stock that gained up to 38.00% on a closing basis on Thursday, November 11, 2021:

Sr No.             

Stock             

LTP              

Price Gain%             

1.             

Vikas Lifecare RE1 Ltd  

1.10  

37.50  

2.             

Patel Integrated Logistics - RE1 Ltd.  

3.30  

34.69  

3.             

Patel Integrated Logistics Ltd  

16.10  

9.90  

4.             

Parsvnath Developers Ltd  

19.55  

9.83  

5.             

JIK Industries Ltd  

0.65  

8.33  

6.             

Antarctica Ltd  

0.80  

6.67  

7.             

Gayatri Highways Ltd  

0.95  

5.56  

8.             

Cinevista Ltd  

15.75  

5.00  

9.             

LCC Infotech Ltd  

2.10  

5.00  

10.             

Mangalam Timber Products Ltd  

18.95  

4.99  

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Petronet LNG reported earnings revenue growth of 25.8% QoQ despite volumes suffering in Q2FY22

by 5paisa Research Team 11/11/2021

Petronet LNG (PLNG) reported Q2FY22 earning revenue of Rs. 108131mn, up 73.4% YoY and 25.8% QoQ, EBITDA of Rs. 12.9bn, down -4.9% YoY, and up 23% QoQ on account of high marketing margin (2x YoY), while the decline was due to modest volumes of 4.6MMT down 5.5% YoY which a result of high spot LNG prices which jumped ~5x YoY and covid-led restrictions.

The spot LNG prices are now trading ~50% higher QoQ at ~US $30/mmbtu. While spot LNG prices remained high, PLNG earned a higher marketing margin of USD6.9/mmbtu which is ~2x YoY. 

Dahej volume fell 7.4% YoY led by a modest terminal utilisation of 99%, but Kochi volumes rose 36% YoY with a terminal utilisation of 23%. The company expects to complete Dahej expansion to 20mtpa by FY24 and to 22.5mtpa by FY27. Kochi sales are likely to double at peak utilisation of 35% once customers fully offtake gas along the recently commissioned Kochi-Mangalore pipeline. The Kochi-Bangalore pipeline, upon fully commissioned completion by FY24, will increase Kochi’s utilisation to ~60%. The company is also working towards adding two tanks at Dahej at Rs. 12bn and a jetty at Rs. 17bn by FY25, which will be value-accretive and incur capex of Rs. 17bn. The company has tied up with Gujarat Gas to set up five LNG stations between Mumbai and Delhi highways and has set up four LNG stations with IOC and one each with IGL and Sabarmati Gas. PLNG declared a special interim dividend of INR7/share.

PLNG is likely to incur Rs. 10bn in FY22 as it plans to install 1,000 LNG stations over the next five years, which would incur capex of Rs. 80bn. This will not only increase its LNG demand, but also overall utilisation. 

The key factors that may impact the future outlook of the company could be the current annual escalation of 5% in re-gasification charges which may not persist after a while if they begin to impact the demand, prolonged gap between long-term RasGas and spot-LNG prices resulting in lowering of term LNG volumes, high gas prices which may lower demand for R-LNG making it unviable for PLNG to source more long term supplies and increase in domestic gas production and start of other LNG terminals in the country could lead to lower utilisation for PLNG.
 

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Zee Entertainment Q2 profit jumps as sales rise, margins expand

by 5paisa Research Team 11/11/2021

Zee Entertainment Enterprises Ltd, which has recently been in the news owing to a controversy around its proposed acquisition by Sony India, on Thursday reported a 187% increase in its profit after tax for the second quarter. 

The company clocked a net profit of Rs 270.2 crore for the July-September period compared with Rs 94 crore in the second quarter of last fiscal year.

The bottom line was boosted also by a lower one-time expense of Rs 140 crore during the second quarter compared with Rs 971 crore a year earlier. Profit before exceptional items rose 41% to Rs 373 crore from Rs 264.5 crore. The exceptional item related to the sale of its digital publishing business to Rapidcube Technologies Pvt. Ltd last year.

The company’s overall operating revenue for the second quarter came in at Rs 1,978.8 crore, up 14.9% from the previous year’s figure of Rs 1,722.7 crore. 

Its earnings before income tax, depreciation and amortization (EBITDA) grew from Rs 313.6 crore in the second quarter of 2020 to Rs 412.1 core. Its EBITDA margins also rose from 18.2% to 20.8%. 

Zee, like most other media houses, was reeling under the impact of the recession in the wake of the coronavirus pandemic last year. However, its fortunes turned around for the better as the economy reopened. 

Zee Entertainment Q2: Other highlights

1) Domestic advertising revenue grew 20.1% year-on-year and 18.9% on a quarter-on-quarter basis to Rs 48.7 crore.

2) Revenues from subscription were down 1.5% on a year-on-year basis to Rs 87.8 crore. 

3) Revenue from other sales and services for the quarter came in at Rs 13.5 crore.

4) Programming and marketing costs jumped because of new launches investments on its online platform ZEE5.

5) Zee Entertainment released 13 original movies and TV shows during the quarter.

Zee Entertainment management commentary 

The company said its business had been negatively impacted due to the economic downturn caused as a result of the coronavirus pandemic last year. Therefore, the results for the second quarter of this financial year are “not strictly comparable” to those of the same period last year, it added. 

Zee also said that owing to the pandemic it incurred additional costs of Rs 3.64 crore during the second quarter and Rs 30.7 crore for the half year ended September 30. 

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