MARKET SUMMARY OF 21 JUN 2019

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The Nifty50 started off selling at the word go and fell further in later part on June 21 after escalating tensions between US-Iran and RBI Government comments.The index closed way below 11,800 levels and formed Bearish Belt Hold pattern on the daily charts and bearish candle on the weekly scale. For the week, the index lost 0.8 percent, continuing downtrend for the third consecutive week.A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and a small lower shadow. BUZZING STOCKS Aurobindo Pharma shares slipped 8 per cent to Rs 579 on the BSE in early morning trade on Friday after the company received a warning letter from US health regulator for its Unit XI, API manufacturing facility in Srikakulam, Andhra Pradesh. The stock ended the day 3.92 per cent lower at Rs 602.35.  Sobha stocks dipped 11 per cent to Rs 500 on BSE on Friday after more than four per cent total equity of the real estate developer changed hands via block deals in early morning trade. By the end of the session, the stock was down 7.39 per cent lower to Rs 520.30.Tanla Solutions shares continued their upward movement, hitting an over 9-year high of Rs 67.20 per share, up 5 per cent on the BSE in an otherwise weak market. 

TRADING CALLS FOR 21 JUN 2019

PREMIUM FUTURE-SELL MANAPPURAM FUTURE 2LOTS BELOW 132 TGT 131 129.50 SL 133

STOCK MOVEMENTS OF 20 JUN 2019

The market saw spectacular run on June 20 as buying across sectors pushed Sensex up over 500 points intraday.The market breadth was also in favour of bulls as about three shares advanced for every two shares falling on the BSE. The Nifty Midcap and Smallcap indices surged more than 1.5 percent each.Yes Bank was biggest gainer among Nifty50 stocks, rising 11 percent followed by Indiabulls Housing , Sun Pharma , IndusInd Bank and L&T .However, UPL, Wipro, Adani Ports, Britannia and Tech Mahindra were losers.Jet Airways was biggest gainer among smallcaps, rising 90 percent while Anil Dhirubhai Ambani Group stocks like Reliance Infrastructure and Reliance Capital rallied 35 percent and 28 percent respectively. Stock of the day Indiabulls Housing to buyback NCDs worth Rs 2,285 crore; stock rallies 8%.Adani Green surges 6% after arm bags 600 MW wind-solar hybrid projects YES Bank dips 5% to trade in double digits for the first time in five years PSP Projects surges 3% on new order worth Rs 607 crore Apollo Hospitals gains over 3% after sale of health insurance biz to HDFC.

MARKET SUMMARY OF 19 JUN 2019

Sensex finished higher, while Nifty flat in the volatile trade on June 19.At close, the Sensex was up 66.40 points at 39112.74, while Nifty ended flat at 11691.50. About 703 shares have advanced, 1847 shares declined, and 119 shares are unchanged. Indiabulls Housing, Yes Bank, UPL, Adani Ports and Cipla were among major losers on the Nifty, while gainers were Tata Steel, Zee Entertainment, Kotak Mahindra Bank, NTPC and Titan Company.Buzzing stock Jet Airways falls 29% ahead of NCLT hearing on insolvency plea.Dilip Buildcon dips 14% on report of possible exit from HAM projects IRB Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way Can Fin Homes gains 5% after Canara Bank initiates stake sale process.

MARKET SUMMARY OF 18 JUN 2019

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The Nifty50 after opening flat at 11,677.05 remained rangebound throughout the session. It touched an intraday high of 11,727.20 and low of 11,641.15, before closing 19.30 points higher at 11,691.50. The index formed small bullish candle which resembles a 'Spinning Top' kind of formation on daily charts.Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls and bears. It can be formed in an uptrend as well as in a downtrend.Stock of the day HDFC MF provides liquidity to FMP investors; stock tanks 7%.YES Bank nears 5-year low; slips 20% in four days after downgrade.Star Cement surges 13% as board mulls share buyback.RInfra, Jet Airways among 54 stocks that tumbled up to 62% in 3 weeks.Jet Airways tanks 53% as lenders move NCLT to initiate IBC proceedings.$40 billion in just 7 yrs! India's exotic funds, a time-bomb for investors.

MARKET SUMMARY OF 17 JUN 2019

Benchmark indices slipped on Monday, dented by losses across sectors, after India slapped higher tariffs on certain US products in retaliation to Washington’s decision to remove certain trade privileges for New Delhi.

The government, after dragging its feet for almost a year, decided to increase tariffs on 29 high-value US agricultural and industrial imports by up to 50 per cent.The investor sentiment was further dampened by investor concerns over patchy monsoon and the government’s ability to bolster a slowing economy.The broader Nifty50 index dipped 151 points, or 1.28 per cent, to 11,672. About 685 shares on the NSE advanced, 1,847 declined, and 126 shares remained unchanged.In the broader market, the S&P BSE MidCap index settled at 14,531, down 190 points, or 1.29 per cent, while the S&P BSE Smallcap index skidded 193 points, or 1.35 per cent, to 14,173.BUZZING STOCKSShares of Reliance Infrastructure hit an over 28-year low of Rs 52.70, down 10 per cent on the BSE on Monday in the early morning trade after the auditors raised questions about the company’s ability to continue in business. The stock ended the day 4.72 per cent lower at Rs 56.50.Shriram Transport Finance Company shares dipped 6.54 per cent to Rs 1,014 on the National Stock Exchange on Monday after Piramal Enterprises sold its entire 9.96 per cent stake in the company through open market.Shares of New Delhi Televisionskid 8 per cent to Rs 32.10 during the early morning trade on the BSE on Monday, after markets regulator the Securities and Exchange Board of India banned the group chairman Prannoy Roy and director Radhika Roy from assessing the capital market for two years. However, the stock settled for the day at Rs 35, 0.57 per cent higher. 

MARKET SUMMARY OF 14 JUN 2019

A selloff towards the fag end of Friday's session dragged the benchmark indices lower after a range-bound trade for most part of the day .Reliance Industries and banking stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent .On a weekly basis, both the Sensex slipped 0.5 per cent each.In the broader market, the S&P BSE MidCap index was down 1 per cent to 14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per cent, lower at 14,366. BUZZING STOCKS RITES shares rallied 6.05 per cent to Rs 293.65 on the BSE on Friday after the company said its board will meet on June 24, 2019 to consider bonus issue proposal. Gruh Finance shares slipped 8 per cent to Rs 285 on the BSE in early morning trade after the promoter Housing Development Finance Corporation (HDFC) sold more than 4 per cent of the company's paid-up capital in the open market. However, the stock ended the day 5.4 per cent lower at Rs 291.85. 
Shares of Reliance-Anil Dhirubhai Ambani Group (ADAG) companies continued to reel under pressure, falling by up to 40 per cent in the past seven trading sessions on the back of negative news flow. 

STOCK MOVES OF 13 JUN 2019

Market ended flat on Thursday with gains being capped by banking and auto stocks. Weak global cues and rising retail inflation, too, contributed to a lackluster trade.The broader Nifty50 settled just above the psychological level of 11,900 at 11,914 mark, up a modest 8 points, or 0.07 per cent. Among sectoral indices, public sector banks, metals and IT stocks lost ground. Indiabulls Housing up 10% on withdrawal of PIL in fund siphoning off case

YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock Tyre stocks under pressure as rubber prices rise; Ceat hits 52-week low IndusInd Bank dips 8% to hit 3-week low after UBS downgrades scrip to sell Jet Airways tanks 23% after BSE, NSE put trading restrictions w.e.f June 28 NMDC skids 7% after protests halt iron ore production at Chhattisgarh unit