KEEP AN EYE ON METAL STOCKS

BUY TATASTEEL  FUT  2 LOTS ABOVE 409.30 TARGET 417.30 SL 403.30
SELL TATASTEEL FUT 2 LOTS BELOW 407.20 TARGET 399.20 SL 413.20
Market turned volatile due to run-up to the US elections. The ripples were felt not just in India but across the globe in equity markets. Banking & Auto stocks led the charge today as Bulls took percentage with support of the Pharma pack too in late afternoon trade backed by good earnings.Metal stocks could gain on the expectation of higher steel export to the US for additional infra spending of $700-800 bn in the next 10 years. We are expecting JSW Steel, Tata Steel, and Welspun Corp to benefit from Biden’s infrastructure push. Plus all major IT and Pharma companies could expect ease of doing business in the US.
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OUTSTANDING PERFORMANCE OF BANKING STOCKS

 

CALL GIVEN IN LAST WEEK POST
https://beststockfuturecalls.blogspot.com/2020/10/pnb-housing-finance-weekly-report.html

TODAY PNB ACHIEVED TARGET 27.80 BUYING GIVEN FRIDAY @ 26.90 
  BOOKED PROFIT OF 12600
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On Monday markets traded volatility in a mixed range  and finally ended almost unchanged. Initially, the reaction on two of the heavyweights results Reliance and ICICI Bank, led to volatile swings in the market. Reliance Industries witnessed sharp profit taking and slipped nearly 9% however strong results from ICICI Bank led to healthy buying interest in overall banking stocks. Meanwhile, indications were mixed from the global front. Amid all, the Nifty managed to end on a flat note at 11669 levels. On the sector front, a mixed trend was witnessed as banking, telecom and realty were the top gainers whereas oil & gas, IT and auto ended lower. Bank Nifty has been outperforming Nifty since the start of last month. Today's surge in Bank Nifty has lifted the Bank Nifty to Nifty ratio to a 6-month high of 2.15, a level that has been approached multiple times over the last six months.

BULLS MADE STRONG COMEBACK

 

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After yesterday's fall, bulls made a strong comeback in market today. Today Sensex gained 377 points to close at 40522, while Nifty climbed 122 points to close at 11889 and Bank nifty climbed 694 points to close at 24770. The Bulls took center stage today.
After  opening at a lower level, the Indian equities Sensex and Nifty moved higher due to gains in select heavyweights, including Kotak Mahindra Bank, Asian Paints, Bajaj Finance, L&T and Nestle. The market is expected to grow in the near term, with it still attractive for the medium and long term Also to lead .We can expect positive outlook on sectors like Agriculture, IT, Auto and Pharma.
TOP GAINERS-KOTAKBANK,ASIANPAINT,NTPC,CIPLA,LT
TOP LOSERS-HDFC,TCS,INFY,ONGC,INFY,WIPRO,SBIN

NEXT WEEK AXISBANK IN DEMAND

 

BUY AXISBANK FUT ABOVE  510.20
 TARGET 518.20 SL 505.20 

SELL AXISBANK FUT BELOW  507.10
TARGET 500.10 SL 512.1

FOR BEST INTRADAY TRADING TIPS WHATSAPP 9039542248

On weekend bank stocks were trading on a mixed note. Shares of Rbl bank 1.5%, Federal bank  0.8%, Axis bank  0.79%, Idfc bank 0.63% and Sbi was down 0.57 % while Bank of baroda up 0.70% ,Indusind bank  0.45%,PNB up 0.37%, Hdfc bank was up 0.20%.
Next week axisbank will declared quarterly result on 28 oct 2020. In next week sbi,hdfc bank,axis bank & icici bank stock will in focus. Today axis bank stock price moved down by -0.54% from its previous close of Rs 510.30. Axis bank  Stock last traded price is 507.20.The volume in the stock stood at 1,40,365 lakh shares today. The volume in the stock stood at 140365 today, compared to the daily average of 21216 in last one month. Axis bank has risen around 20.12% in last one month while Axis bank ltd is down 29.47% in last one year.

STOCK IDEA TO INVEST IN OCTOBER 2020

 

CALL GIVEN IN TODAY’S POST👇
https://beststockfuturecalls.blogspot.com/2020/10/stock-future-calls-for-22-oct-2020.html
 HCL TECH ACHIEVED TARGET 876 BUYING GIVEN FROM
872.30 BOOKED PROFIT OF 10360
NIFTYFUTURE ACHIEVED TARGET 11860 SELLING GIVEN FROM
11890 BOOKED PROFIT OF 4500
JUBLIFOOD ACHIEVED TARGET 2217  SELLING GIVEN FROM 
2229 BOOKED PROFIT OF 12000
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Nowadays market running in a very dynamic style of investing. According track sector rotations very closely we  seen that pharma sectors where remain very bullish from the very medium. We believe at the current level, domestic sectors like cement and steel are performing very well. These are the stocks which are under owned by most of the funds. Sectors like agrochemicals, chemicals, it and pharma have been the leaders in the rally. While the it sector is witnessing a rerating accelerated adoption of digital technologies post the covid-19 pandemic sector like chemicals and pharma are witnessing greater demand for exports as global organizations are looking to diversify their supply chain out of china.

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 

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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.