Wednesday, April 3, 2019

STOCK FUTURE CALLS TO TRADE FOR 4 APR 2019

SELL RELCAPITAL FUTURE BELOW 194 TGT 188/182 SL 199
BUY PIDILITIND FUTURE ABOVE 1290 TGT 1297/1307 SL 1282
FOR FREE TRIAL CALLS PLS FILL THE FORM>>>>Nifty50 made its new high of 11,761 on April 3 morning, but wiped out all gains in last hour of trade. Traders turned cautious after Skymet forecast below normal monsoon. Market participants are also eyeing RBI interest rate decision due April 4.The index closed below 11,700 and formed 'Bearish Engulfing' pattern after two Doji candles on daily scale.Buzzing stock Muthoot Finance hits new high; surges 30% in two months post Q3 results.Marico gains 4% on hopes of improved operating margin in Q4. Shares of real estate companies were trading higher for the second straight day on Wednesday with Godrej Properties hitting an all-time high, while DLF was quoting near its 52-week high on the National Stock Exchange (NSE).
Pidilite Industries:
Pidilite Industries is a dominant player in the Indian market as it has a market share of ~70 percent in its leading brand categories. Pidilite recorded a good set of numbers where the consolidated revenue growth was of ~20 percent which was led by standalone revenue growth of 16 percent on a YoY basis.The momentum is expected to continue at a faster pace and one can bet under this script for the target of 1500.

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