SITHARAMAN ECONOMIC PACKAGE FAILED TO LIFT INVESTOR SENTIMENT

CALL GIVEN IN FRIDAY’S POST
https://beststockfuturecalls.blogspot.com/2020/10/what-should-do-with-infosys.html

INFOSYS FUTURE ACHIEVED 1^ST TARGET 1125 CALL GIVEN @1112 BOOKED PROFIT OF 15600

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Nifty started with a new trading week on a strong note and crossed the psychologically important 12000 mark in the initial hour of trade but couldn't sustain the momentum.even an economic package from finance minister Nirmala Sitharaman failed to lift investor sentiment on October 12. Sectorally, action was seen in IT, healthcare, FMCG while some profit-booking was seen in metals, telecom, oil & gas and realty. Mostly stocks hit a fresh 52-week high. These included L&T Infotech, Valiant Organics, Hero motocorp, and Apollo Hospitals. Among sectors  IT gaining 14%, Bank 13 % and Auto 10% respectively  are the outperformers while Pharma and Metal gained 7%.
TOP GAINERS-INFY,ITC,UPL,CIPLA,WIPRO,HINDALCO
TOP LOSERS-GAIL,HDFCLIFE,TATAMOTORS,ONGC 

 

NEXT WEEK MARKET PREDICTION

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Nifty had a fantastic rally during the week gone by, as the market opened with a gap-up and closed higher on most days. But the week’s rally was one of the shallowest in terms of stock participation from index, which was less than half. Smallcaps and midcaps, too, did not participate in this uptrend.Nifty has been rallying sharply after bouncing from the Rising channel support on the weekly chart. Market breadth remained positive throughout the week, while IT and financials remained major contributors to the benchmark index. Now, after a swift rally of more the 1,000 points, a mild pullback up to 11,500 level cannot be ruled out.
 EVENTS OF THE WEEK
With the attempt to mend the fractured economy, RBI’s Monetary Policy Committee continued its accommodative stance and maintained status quo on repo rates. Dalal Street kept its upbeat mood on good commentary on GDP outlook and liquidity measures. Real estate, the largest share in terms of gross domestic wealth, is expected to benefit the most from RBI’s flexible rules, which will reduce interest rates for home buyers.
EXPECTATIONS FOR NEXT WEEK
Next week too, the IPO frenzy might continue with the listing of india’s second AMC, UTI AMC, and government-owned Mazagon Dock. This, along with the quarterly earnings, will throw some important light and set the tone for retail investors going ahead. TCS -0.45 % has given the results season a great start and provided an upbeat commentary too, but it would be prudent to wait and watch how other sectors performed during the staggered unlock period. Management commentaries and demand outlook.

UPCOMING RESULTS- INFOSYS,TATAELAXI,HCLTECH,HDFCBANK,CYIENT

 

WHAT SHOULD DO WITH INFOSYS??

BUY INFOSYS ABOVE 1112 TARGET 1125/1132 SL 1102

SELL INFOSYS BELOW 1104 TARGET 1091/1084 SL 1114 

FOR INTRADAY   TRADING TIPS WHATSAPP ON 9039542248

INFOSYS stock made another all-time high of Rs 1113. The short term trend of Infosys is extremely strong. The stock has rallied from Rs 900 to Rs 1100 within a very short period of time.That rally was price dominating and supported with modest volume activity. On the daily and weekly charts, the stock has formed Higher High and Higher Low series pattern which suggests uptrend momentum likely to persist in the near future.For the positional traders Rs 1040 would be the trend decider level. Trading above the same then we can expect further uptrend up to Rs 1150-1200. However, on a close below Rs 1040, traders may prefer to exit from trading long positions. Infosys is scheduled to release its September quarter results on October 14.

BULLS CONTINUED TO RULE THE STREET

"BUY BHEL CASH 500 SHARES @ 28.7 TARGET 34"

Bulls opened wednesday with a six.The Sensex gained 304 points to close at 40183. The Nifty has gained 96 points to close at 11835. Nifty Bank has closed 227 points at 23191.The market rally was largely aided by IT stocks with the index jumping almost 4 % led by index heavyweight TCS which hit new high. The other gainers included Wipro which added over 4 % after the IT firm said its Board will consider a buyback plan on October 13. L&T Infotech, Infosys, HCL Tech, Mphasis, Tech Mahindra and Mindtree were the other gainers adding 2-7 % each. Today IT stocks to have hit new 52-week high included Mphasis, Mindtree, HCL Tech, Infosys, Tech Mahindra, Coforge and Hexaware Technologies.
TOP GAINERS-WIPRO,CIPLA,TCS,INFY,HCLTECH,HDFCBANK
TOP LOSERS-GAIL,ONGC,ITC,LT,COALINDIA,L&T,RELIANCE
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TCS ; AN OBEDIENT STOCK

 
CALL GIVEN IN TODAY’S POST 
https://beststockfuturecalls.blogspot.com/2020/10/9000-profit-booked-in-tcs-future.html

TCS FUTURE ACHIEVED TARGET 2653 SELLING GIVEN FROM 2668 BOOKED PROFIT OF 9000
The results season will start tomorrow with the TCS results. According to estimates, TCS's constant currency growth in Q2 could be 2.4%. At the same time, the company's dollar income in the second quarter may increase 4 %  in the previous quarter But that pick up in growth is likely to be driven by reduced impact of supply-side constraints along with a healthy demand environment. Given a robust demand environment, it remains positive on the sector with Infosys as the top pick.
Today sensex & nifty ended over 1.5% higher. Market mainly lifted by banks and auto stocks.In auto sector Tata Motors stock price spiked 7 % today. HDFC shares surged over 8%, followed by Indusind Bank, M&M, Hdfc Bank, Asian Paints, Bajaj Finance and ICICI bank.While Tata Steel stocks fell the most, followed by Nestle India, L&T, NTPC, Sun Pharma, Bharti Airtel and Reliance Industries, Metal and Pharma stocks ended in red today.
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WHY BPCL STOCK GOING DOWN ? SHOULD WE BUY THIS STOCK ?

 BUY BPCL FUTURE ABOVE 357 TARGET 362.20 SL 354

SELL BPCL FUTURE BELOW 355 TARGET 350.20 SL 360

BPCL stock will zoom like rocket once government will give green signal to bid submission for the privatization of the oil marketing company.This time government will give green signal for the privatization of the oil marketing company because government is facing severe cash crunch.However Bottom Fishing is main problem in BPCL as of now wait and watch for remaining two trading sessions.Try to accumulate a small quantity of shares in every big dip below RS :300 is equal to gold mine.

BPCL stock price moved down by -8.67% from its previous close of Rs 386.55. Bharat Petroleum Corporation Ltd. stock last traded price is 353.05. Stocks of BPCL tanked over 7 % in wednesday’s trade after the government extended bid submission deadline for the privatization of the oil marketing company for the fourth time in a row from September 30 to November 16.
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STOCKS TO TRADE IN COMING DAYS

 

As expected market remained volatile throughout the day. Fluctuating between losses and gains before finally ending the day flat.Today Sensex rose 95 points to 38067 while the Nifty retested 11300 levels only to reverse the gains to end the day 25 points higher at 11247. The volatility will continue due to the surge in coronavirus infections, US elections and geopolitical reasons. Some bit of volatility and consolidation can happen. However, structurally, we may see decent liquidity for a good period of time. At times like these, buying on decline is be a better strategy with a defensive portfolio positioning.

SEVEN HEALTHY STOCKS 👇
HEROMOTOCORP- This stock is in a sweet spot as strong rural-led recovery plays to its strength in the economy and executive category in the motorcycles segment. We believe Hero MotoCorp has multiple re-rating triggers, including the return of volume growth, a possible foothold in premium motorcycles, scooters and exports.

HCL TECNOLOGY-  HCL Tech given its robust business model, high return ratios, strong management team, and a reasonable valuation. We expect HCL Tech to better navigate the current crisis and emerge stronger due to an expected increase in enterprise demand for digital services. Our confidence partly stems from the company’s historical track record of adapting to multiple business challenges and technology change cycles.

BHARTIAIRTEL- The sharp correction of 25 % over the last month offers a strong risk-reward from current levels and would scale to all-time high levels over the next few years.

HDFC- This stock increasing credit by the bank's subsidiary provides an opportunity for further penetration of the client base and stable margins to deliver consistent growth in earnings and valuations.

ICICIBANK- ICICI Bank is well-positioned to deliver strong business momentum with advances growth of 17%, a consistent margin of 3% & better asset quality to aid return ratios.The stock trades at 1.8 times FY22E adjusted book value below the long-term average and price correction of 30% is providing comfort at the current levels.

UPL- UPL remains well-positioned for long-term growth given its strong market position, diverse product offering, expectations of reduced debt levels and decent revenue and cost synergies from Arysta acquisition.

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STOCK MARKET OUTLOOK & TIPS FOR 30 SEP 2020

" BUY  TATASTEEL 390 CALL @ 9 TARGET 13"

Tuesday market closed marginally in the red tracking the muted trend in the global markets. Today Sensex failed to hold on 38000 while Nifty closed marginally in the red but above11200 levels. After a gap-up opening the nifty grew volatile, before ending the day flat. Buying was witnesses in the metal, IT and auto sectors In Ceat stock price jumped 6 % after the company plans to raise up to Rs 500 crore via non-convertible debentures.Hindustan zinc was alos in green & Jet Airways stock price jumped 5%. While bank FMCG, infra, pharma and energy indices ended in the red. Sectorally  Consumer Durable stocks rose 1.9%, followed by Metal stocks which was up 1.8% and Selling pressure was seen in stocks like Telecom which was down 2.1% followed by  Utilities that fell 1.5 % and the Public Sector was down 1.4%.we advised to refrain from creating long positions on dip whereas intraday traders can short below 11180 for a modest target of 11100 levels with intraday high as stop loss level.
TOP GAINERS-JSWSTEEL,HEROMOTCO,HINDALCO
TOP LOSERS-UPL,INDUSIND BANK,ONGC
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