STAY BULLISH IN SBI CARD

BUY SBI CARDS 500 SHARE ABOVE  1000  TARGET 1020/1050 SL 965
SELL SBI CARDS  500 SHARE BELOW 998 TARGET 978/948 SL 1028

SBI Cards & Payment Services shares plunged over 6 % yesterday  as Carlyle Group was looking to sell its stake worth Rs 5000 crore in the credit card company. About 1.9 crore shares had changed hands by noon against the daily average of 0.8 lakh.Over 5 crore shares of the company were traded. Bulk deal data will be released post-market hours. Total turnover stood at Rs 1907 crore at noon. On NSE, shares worth Rs 5013 crore were traded.The per share price band decided by the seller is Rs 1,002-1,041.30, which is at a 4.7% discount to Thursday’s closing price of Rs 1,051. The SBI Card stock has gained over 70% in the last one year. It has risen 18 % so far in 2021.The company's shares were listed at a steep discount over the issue price as the Covid-19 pandemic spooked the markets in March 2020. In March last year, SBI Cards, India’s second-largest credit card firm after HDFC, had launched its maiden initial public offer  in which Carlyle sold a 10% stake for Rs 7000 crore, making a gain of 8.5 times in three years.CA Rover Holdings is planning to offload 5 % stake in SBICARD.
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POSITIONAL EQUITY CASH CALL

" BUY HDFCLIFE 300 SHARE CASH ABOVE 690 TARGET 700/719 STOPLOSS 678"

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NO MORE METAL!!!! ITS TIME TO START INVEST IN AUTO STOCKS

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"BUY TATAMOTORS  FUT 2 LOTS ABOVE 325 TARGET 329/340 SL 316"

We have now cut down our exposure to metals. We were bullish for the past 4-6 months but now we think that the rally has peaked. Aluminium or copper might do better than iron ore and steel and so we have cut down our exposure to steel and moved to autos. Now it could be a contra call, now we have been recommending to buy autos. We think that the valuations for autos are now at a reasonable level. We have seen that the commodity price pressure has impacted their gross margins and is now going to ease as they have started taking price hikes. So I feel the margin pressure for auto companies will come down over the next couple of quarters. If the monsoon is good, then the rural demand might also be strong. Land prices have moved up, which also will have some rub-off impact on wealth perception in rural areas. So all these factors are nicely aligned for auto sector to do well over the next 6-9 months. We are neutral on IT. Chemicals and agrochemicals, which are exporting to US, will see good demand rebound. US may grow in the range of 6-6.5% but we may be in for some surprise. If that happens, Indian exporters will be in focus.UPCOMING RESULTS-ITC & PVR

44000 PROFIT BOOKED IN INTRADAY FUTURE CALLS

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https://beststockfuturecalls.blogspot.com/2021/05/stock-future-tips-for-27-may-2021.html

MINDTREE  FUT ACHIEVED BOTH TARGET 2314/2344 BUYING GIVEN FROM 2289 BOOKED PROFIT OF 32000

ADANIENT FUT ACHIEVED TARGET 1340 BUYING GIVEN FROM 1328 BOOKED PROFIT OF 12000 (ON 1 LOT)

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IS NEW HIGH ON NIFTY ON CARDS??

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In this week market witnessed a volatile , especially after the WPI inflation numbers hit their 11-year high at 10.49% for April. While higher inflation raised some concerns, its near-term impact was effectively neutralized by a drop in the number of Covid-19 cases in India. Nifty closed the week on a positive note and crossed the previous short term resistance of 15,050. Nifty needs to close decisively above 15,200 level to start a fresh bullish move within the channel. As long as it does not take a decisive direction, we maintain a sideways to mild bullish outlook.

A jump in bank and IT stocks, optimism over recent fall in Covid cases, easing of lockdown restrictions in some states and strong quarterly numbers from blue-chip companies pushed domestic stocks higher in this week. Positive global cues added to the sentiment, as the BSE Sensex rallied 976 points to end above 50,500 level. Nifty surged 1.8% & closed above its psychological mark of 15,550-mark. Nifty constituent SBI jumped 5 % after reporting an 80% surge in Q4 profit. Peers HDFC Bank, IndusInd Bank and ICICI Bank climbed 4 % each, helping the index post solid gains for the day. JSW Steel and Hindalco also gained after reporting multifold jumps in their Q4 bottom lines. Stocks such as Bharti Airtel, M&M, UPL and Tata Motors added 2%. But sugar stocks such as Bajaj Hindustan, Sakthi Sugars, Simbhaoli Sugars and Dharani Sugars fell 5 % each after the government decided to cut sugar export subsidies for the current season. In the broader market, every two of three stocks settled lower. A total of 327 stocks hit fresh 52-week highs, while 440 stocks hit their respective upper circuit limits. Fear gauge India  eased 3 %t to 19 level, comforting the bulls.

TATAMOTORS STOCK NEXT WEEK PREDICTION 17 MAY 2021

BUY TATAMOTORS FUT 2 LOTS ABOVE 314 TARGET 320/335 SL 305
SELL TATAMOTORS FUT 2 LOTS BELOW 310 TARGET 302/289 SL 318
Today Tata motors -4.22 %  its board will meet next week to consider a proposal to raise funds through various means. The board meeting is scheduled to be held on tuesday, may 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended march 31, 2021. Tata motors did not give an indication on the quantum of the amount that the company intends to raise.

On this weekend nifty closed  at 14678 with the loss of nearly1% & formed a dark cloud cover sort of candle pattern on weekly chart, which is a bearish reversal candle by nature. Among stocks, asian paints, upl, itc, nestle india, berger paints, colgate palmolive, l&t, icici prudential, marico, power grid and mcdowell holdings witnessed bullish setup, while weakness was seen in jindal steel & power, dlf, gail, container corporation, nalco, piramal enterprises,indusind bank, exide industries, l&t finance holdings, m&m, havells and mrf. Except capital goods and fmcg, all other sectoral indices ended in the red, with metal, oil & gas, healthcare, auto and realty indices falling 2%.among individual stocks, a volume spike of more than 100% was seen in nalco, pi industries and pidilite industries.
Accourding us friday's low is expected to act as a key level in the coming sessions, and if it holds the same, then there could rally towards recent highs.
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FALL IS GOOD CHANCE TO BUY 👍👍

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Increased cases of corona have led to increased market fluctuations. The market has lost about 5 % from its high of February 2020. We suggest that falls are also wary of the second wave of Corona in India. Covid cases are expected to reach peak soon. Hence, the market may remain sideways but there is no possibility of major fall in it. Once the corona cases reach their peak, then the corona curve will begin to become flat. After that, there will be a fast recovery in the market.We suggest some stocks for buy in upcoming days 👇

ESCORTS - The tractor industry is expected to witness strong growth in FY22 due to the normal monsoon forecast. Apart from this, construction equipment and railway business will also see good growth. In the next 2 years, the earning growth of escorts can be in double digit.

ICICI Bank- It is expected that ICICI Bank will recover faster than other banks due to injury caused by the wave of covid-19. The bank's loan growth and NIMs have been strong in the fourth quarter of FY 2021. This sequence will continue even further.The company will benefit from the government focus on L&T-infrastructure. The company will also get strong support from overseas markets and defense sector.

ICICI PRUDENTIAL - Channel diversification and new initiatives on product front will see strong growth in the company in FY 2022. Further, the company's New Business Value & Embedded Value  can also see a growth of 15% & 8 %. Currently this stock is available at a much lower price than its peers.

INFOSYS- Infosys has given a very good revenue and margin guideline for FY 2022. It is expected that the company's earnings will grow at 15 per cent in FY 2022 and 16.2 per cent in FY 2030. Further, we can get good returns in this stock.

TATASTEEL CLIMBING UP THE ROPE ↑

BUYING GIVEN IN YESTERDAY’S POST

https://beststockfuturecalls.blogspot.com/2021/05/metal-stocks-will-remain-in-spotlight.html

TATASTEEL ACHIEVED FIRST TARGET 1087 BUYING GIVEN FROM 1075
BOOKED PROFIT OF 10200 (1 LOT ONLY)

HOLD 2^ND LOT FOR FINAL TARGET 1095
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