MINDTREE UPDATES & MARKET SUMMARY 14 JAN 19

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MINDTREE  FUTURE  BUY  CALL  GIVEN @ 840 ACHIEVED 1^ST TGT 851.5 PROFIT OF 6900  CONTINUE TO HOLD FOR 2^ND TGT WITH SL OF 840

Today's market  session has ended on negative note for the third consecutive day. The Sensex fell 156 points to settled  at 35853 and the Nifty  dropped 57 points and settled at 10738, amid heavy selling in select blue-chip counters such as L&T, ICICI Bank, TCS and HDFC twins. pharma stocks bucked the trend and closed over half a per cent higher. The YES Bank stock rose in trade today after the private lender appointed Brahm Dutt as non-executive part-time chairman to its board. The stock rose up to 7.64% to 198 level on the BSE. On Nifty, the stock rose to 198 level intra day compared to the previous close of 184.25.The stock has lost 42.37% during the last one year. The Infosys stock rose in trade today after the IT firm raised its revenue growth guidance for 2018-19.  The stock opened with a gain of 3.26% and rose 3.70% to an  intra day high of 709 level. The stock has been gaining for the last four days and risen 4.42% during the period.  It has gained 29.34% during the last one year.

Infosys (3%), YES Bank (0.76%), Sun Pharma (0.36%) and HUL( 0.04%) were the top Sensex gainers.  Top Sensex losers were Vedanta (1.60%), Axis Bank (1.55%) and ITC (1.32%).

MARKET EYEING MINDTREE RESULT COMING ON 16 JAN 19

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trade idea on mindtree future for 16 jan 19

BUY mindtree  ABOVE 840 TGT 851.50/865.50 SL 822.50
SELL mindtree BELOW 800 TGT 788.50/774.50 SL 817.50

We are expecting broadly good result of MINDTREE . The MINDTREE  will announce its Q3 results on Jan 16, 2019. After showing correction from the 200 EMA on daily chart, now stock is trading in short term recovery phase, it is   moving average   in the past week with the crossing of the support level of 795 as the stock is managing to sustain below the level of 820. One may get the targets of 860,880 in the stock with the stop loss of 800. MINDTREE  is currently trading at Rs837.55, Up  by Rs 23 or 2.87% from its previous closing of Rs 814 on the NSE. MINDTREE LTD,has informed that the meeting of the Board of Directors of the Company is scheduled on Thursday 16 Jan'19  ,inter alia, to consider and approve Notice pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, be and is hereby given that the meeting of the Board of Directors of the Company will be held on Wednesday, January 16, 2019, inter alia, to consider the audited financial results of the Company for the quarter ended December 31, 2018 and also to consider the declaration of interim dividend, if any, amongst other matters. The Record Date for payment of Dividend, if approved, will be January 24, 2019.

IN THE LIGHT OF RESULT : INFY BULLISH

"INFY  MOVED ON OUR WORDS YESTERDAY WE  HAVE ASKED TO BUY INFY @ 675.50 & GIVEN  1st TARGET OF 682.50 & TODAY EXACTLY IT  HAS  MADE A HIGH OF 682.50 PROFIT OF 8400 

 CONTINUE TO HOLD FOR 2^ND TGT WITH SL OF 675.50"

TO GET FUTURE  TIPS  WHATSAPP UR NAME SEGMENT ON  07225909997

Today's market  session has ended on negative. The sesex 106 points to settled at 36107,while nifty settled 10822, down 34 points.The Sensex and Nifty opened lower in trade today after uncertainty over the outcome of China-US trade talks cast a pall over Asian markets as both sides kept mum about what lies ahead .The show stopper of today's intraday trade was VA Tech Wabag that emerged top gainers among all listed stocks with a huge appreciation of around 15 % followed by Linde India, RCF, HCC and GET&D with the rise in their prices by around 9 %, 6.5 %, 6.3 % and 6.1 % respectively. Market will react to the TCS results in early trade on Friday and then anxiety of another IT major, Infosys results would take over. In short, IT pack would lead the market in the next session.

Tata Motors (1.34%), YES Bank (0.78%) and NTPC (0.89%) were the top gainers.

Top losers were IndusInd Bank (2.39%), Axis Bank (1.01%), and HDFC (0.67%).

KEEP EYE ON INFY & TCS RESULT THIS WEEK

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"BUY INFY FUTURE  ABOVE 675.50 TGT

682.50/ 693 SL 668.50"

Wednesday's session has ended on positive note .The sensex ended at 36213, up 232 points, while the Nifty settled at 10855, up 53 points . The Infosys stock rose in early trade after the second-largest IT  company  said its board would consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11. The  stock was the top gainer on both Sensex and Nifty.  The stock rose up to 2.81% in opening trade to 688.70 compared to the previous close of 669.85 on the BSE.

We are  expecting  Infosys to upgrade lower end of revenue guidance band and expect it to guide for 7-8 % revenue growth against the 6-8 % earlier. The company has announced a slew of deals over the past few months and hence we expect continued confidence in revenue momentum.TCS and Infosys will report their financial results for the October-December period on Thursday and Friday respectively. 

Infosys (2.84%), Axis Bank (1.52%), Tata Motors (1.25%) and Maruti (1.22%) were the top  gainers.

Top  losers were Tata Steel (0.40%), IndusInd Bank (0.39%), and YES Bank (0.52%).

STOCK FUTURE TIPS FOR 9 JAN 19

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YES BANK FUTURE BUY  CALL ACHIEVED 1^ST TGT 194 PROFIT OF 7875 CONTINUE TO HOLD FOR 2^ND TGT WITH SL OF 189.50
Tuesday's session has ended on positive note. The Sensex and Nifty closed higher in trade today . While the Sensex closed 131 points higher at 35980, Nifty ended 30 points in the at 10802, level.We have positive outcome from the US and China, our market is showing relatively better signs of stability due to this."Markets are not expecting too much from the earnings season, we remain relatively more cautious on that front at this point of time."The YES Bank stock rose in early trade today ahead of a board meeting on January 9 to finalise the name of its CEO and MD candidate to replace Rana Kapoor whose term ends January 31. The stock rose up to 2.51% to 194.30 level today compared to the previous close of 189. The Titan Company rose in trade today after the Tata Group firm said it expects the full-year growth in jewellery business to be around 22 percent. The stock rose intra day 3.82% to 964 level compared to its previous close of 928.55. YES Bank (2.48%), Tata Motors (2.64%) and SBIN(3.10%) were the top Sensex gainers. Top Sensex losers were Bajaj Auto (2.82%), and Hero MotoCorp (1.11%),ZEEL(2.99%).

STOCK TO TRADE FOR 08 JAN 19

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BUY  YESBANK  FUTURE ABOVE 189.50 TGT 194/ 204 SL 180.50

monday's session has ended on positive note. The sensex ended at 35,850, up 155 points,while Nifty settled at 10,772, up 44 points .YES bank was trading 1.37% higher  at 192.10 level ahead of its board meeting to finalise the name of its CEO and MD on January 9 . Among the  IT companies  rose 1.1 % led by MindTree, Infosys and Tata Consultancy Services. Bandhan Bank and Gruh Finance fell around 5% of a merger between the two. Bandhan Bank and Housing Development Finance Corporation controlled Gruh Finance are set to merge through a share swap deal. Bandhan Bank fell 5.2 % to end the day at Rs 501 . Gruh Finance slipped 4.5% to settle at Rs 304. Tata Motors (up 3.63%), Maruti Suzuki India (up 2.23%), Escorts (up 1.06%), Eicher Motors (up 0.60%) and Mahindra & Mahindra (up 0.17%), were the  top gainer. TVS Motor Company (down 0.29%), Hero MotoCorp (down 0.86%), Bajaj Auto (down 2.13%) and Ashok Leyland (down 3.1%),were the  top losers.

MARKET EYEING TCS RESULT COMING ON 10 JAN 19

TRADE IDEA ON TCS FUTURE FOR 10 JAN 19 

BUY TCS ABOVE 1910 TGT 1940/1985 SL 1880

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We are expecting broadly good result of TCS thanks to the depreciating rupee against US dollar, but cross-currency effects may partially offset their margins. The TCS will announce its Q3 results on Jan 10, 2019. After showing correction from the 200 EMA on daily chart, now stock is trading in short term recovery phase, it is  continue the downside move in the past week with the crossing of the support level of 1875 as the stock is managing to sustain below the level of 1900. One may get the targets of 1940,1975 in the stock with the stop loss of 1870. Tata

TATAELEXI PREDICTION FOR NEXT WEEK

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Thusday's trading session has ended on a negative noteThe sensex settled at 35514 down by 400 points. Among major movers, shares of Dena Bank and Vijaya Bank shown weakness , while Bank of Baroda shares jumped after bank on baroda announced share swap ratio of their proposed merger. Select auto stocks, including Eicher Motors and M&M, extended losses following disappointing December v

ehicles sales data.

HCL Tech, Titan, Bajaj Auto, Asian Paints, Hindustan Unilever and Bharti Airtel were among the major gainers

Eicher Motors, M&M, Vedanta, Tata Steel, HPCL and ONGC were among the top losers.

MARKET EYEING TATAELEXI RESULT COMING ON 08 JAN 2019

TATAELEXI  future  can be bought at  1035 with a stop loss below Rs 1,022 and a target of Rs 1047/ 1095 .

"The stock has touched an all-time high of Rs 1491 in July, it  has witnessed a sharp decline to 922 in October. The stock price has taken support at previous congestion zone low of Rs 950-920 and seen a bounce back on multiple occasions. The stock has been consolidating in a range of Rs 1090 and Rs 922 and formed a base on the daily chart."