MARKET SUMMARY OF 05-04-19

The benchmark indices ended on a positive note on Friday after two consecutive sessions of losses, lifted by a sudden surge in the last 15 minutes on a day when the indices remained rangebound for the majority of the duration.

On a weekly basis, the S&P SENSEXended 0.49 per cent higher while the NIFTY 50 gained 0.36 per cent on a weekly basis.In the broader market, the S&P BSE Midcap index surged 97 points  to close at 15,509. The S&P BSE SmallCap rose 108 points  to end at 15,046.

 BUZZING STOCKS

Godrej Properties surges 6% after launching new residential projects.

Bajaj Finance, Bajaj Finserv hit new highs on AUM growth expectations.

Balrampur Chini hits 52-week high as board approves share buyback.

ABB India gains 4% on board nod for demerger of power grid biz.

Sugar stocks in focus; Shree Renuka, Mawana Sugars up over 10%

10750 PROFIT:UPDATE OF CALLS GIVEN YESTERDAY

BUY PIDILITIND AND SELL RELCAPITAL CALLGIVEN YESTERDAY  ACHEVED FIRST TARGET.

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The Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to ‘Neutral’. This is the second rate cut in 2019.The MPC notes that the output gap remains negative and the domestic economy is facing headwinds, especially on the global front. The need is to strengthen domestic growth impulses by spurring private investment which has remained sluggish.Rate cut usually acts as a sentiment booster and aid companies that have to service large debts. A cut by RBI injects liquidity in the economy. Loans with a low rate lead to an increase in buying interest. The S&P BSE Sensex shed 192 points or 0.49 per cent to settle at 38,685. Reliance Industries, TCS, Infosys, ICICI Bank and IndusInd Bank contributed the most to the index's decline. Out of 30 components, 17 scripts ended in the red.

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:

LIVE MARKET BEL AND EQUITAS CALLS ROCKS

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BEL call first tg acheived . hope u have booked profit of 14400.EQUITAS call also acheived first tg hope u have booked profit of 4000.

The domestic equity market ended in the positive territory on Tuesday amid buying in select blue-chip counters such as Tata Motors, Bharti Airtel, TCS and Bajaj Finance. The S&P BSE Sensex closed above the crucial 39,000-mark for the first time at 39,057, up 185 points. The NSE's Nifty50 index closed at 11,713, up 44 points with 23 constituents advancing and 27 declining. The broader market, however, underperformed the benchmark indices as the S&P BSE MidCap index fell 6 points to end at 15,554 while the S&P BSE SmallCap dropped 28 points  to close at 15,117.Sectorally, realty stocks advanced the most, followed by PSU banks and auto. The Nifty Realty index settled at 273, up 6 points Tata Motors, Bharti Airtel, Eicher Motors, SBI and Gail India were among gainers on the Nifty, while HPCL, Zee Entertainment, BPCL, Bajaj Auto and Sun Pharma remained on the losing side.

LIVE CALL TO TRADE 02-04-19

PREMIUM FUTURE-BUY BEL FUTURE 2LOTS ABOVE 101 TGT 102.20 103.50 SL 99.85
FUTURE CALL-BUY EQUITAS FUTURE 2LOTS ABOVE 139 TGT 140 141.50 SL 138

STOCK MOVE OF 01-04-19

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The Sensex touched a record high of 39,115.57 during the day, while Nifty also closed above 11,650 level. About 1685 shares have advanced, 918 shares declined, and 145 shares are unchanged. Tata Motors, Hindalco Industries, Wipro, Bharti Airtel and Maruti Suzuki were the top gainers on the Nifty, while Zee Entertainment, UPL, IOC, Eicher Motors and IndusInd Bank were among major losers.Among sectoral indices, except bank and FMCG all other indices ended in green led by metal, IT, infra, auto and pharma.