NIFTY scaled untouched highs to post best monthly gain of 2018, Thanks to Q1 earnings


updated 6:25pm

How well the EQSIS recommendations performed today 31 July?

Market Sentiment: We haven’t came with any conclusion that how the market will perform today. So, we decided to flow along with the individual performance of NIFTY stocks.

Positional Recommendations

1. EQSIS Positional [20th July]: Long RELIANCE above 1123 Target 1177 Stop below 1069 CMP 1120

This call was given on the market hours of 20th July as we expected the flag pattern brekaout and also other factors such as open interest and delivery volume was also significantly good.

Result: Target

This call achieved the target today but we expected much shorter holding period unfortunately the release of Q1 results made this stock to consolidate further and the increased the holding period.

Intraday Recommendations

1. EQSIS Intra: Long BHARTIARTL above 389 Target 393 Stop below 385 CMP 387

This call was the first pick in the morning as this stock was advancing for the past few days and was seen consolidating at the previous day high after a surging for first few minutes.

Result: No Gain/ No Loss

This call struck in the rangebound trading pattern as there was less moment and ended just hgher than the entry level.

2. EQSIS Intra: Short HDFC below 1990 Target 1974 Stop above 2006 CMP 1993

This call was girnding lower with the good volume and also this stock was reacting to the Q1 earnings which was released in the previous session.

Result: Target

This call achieved the target as expected within afternoon trade with a steady movement.

3. EQSIS Intra: Short IBULHSGFIN below 1300 Target 1287.25 Stop above 1312.75 CMP 1304

This call was picked using our intraday trade signal tool as this stock was declined with huge volume in the first hour of trade.

Result: No Gain/ No Loss

This call was initiated and started to grind sideways till the last hour of trade and which it gained momentum to grinding lower the market has ended.


updated 6:10 pm

Top Stocks To Watch On Wednesday 1 August

TORNTPHARM volume spiked by 205 percent at last trading day. Surprisingly 56% of the trades are taken for delivery. There could be bullish breakout. The strength of the sellers is visible through the unfilled gap.This stock is currently settled above the recent resistance zone. We see short term support around 1406.

TECHM gained by 3.86% and settled at Rs.680.75. Trading volume rose by 246 percent on 31 July 2018. It suggest for bullish trend formation. It is frequently heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 626.

RELIANCE strengthen by 3.01% and to close at Rs.1186. Trading volume hiked by 116 percent on 31 July 2018. It is likely to witness bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 6.86 %. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 967.

ORIENTBANK volume spiked by 86 percent on 31 July 2018. But numerous trades were intraday in nature. It Indicates bearish reversalIt is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 66.

MARUTI is listed in top traded counters. Derivative traders were aggressive in exiting short positions. Open interest reduced by 2.68 %. It is oscillating nearer to its resistance zone of 9787.

IGL witnessed Star pattern on daily chart. IGL volume spiked by 408 percent on Tuesday. It Indicates bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 252.

IFCI strengthen by 3.28% and closed at Rs.17.3. Trading volume inflated by 284 percent at last trading day. It is likely to witness positive breakout. It is continuously climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 14.

IDEA plunged by 6.08% and to close at Rs.54.85. Trading volume spiked by 63 percent at last session. Yet largely the volumes are intraday in nature. It is trading inside the trading range. The Support is seen around 49 and resistance is seen around 60.

DRREDDY Increase by 2.93% and finished at Rs. 2127.8. It is the most active stock. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.69 %. Currently it is trading around the lower range of its price band. The crucial support zone is around 2032.

DLF gained by 3.92% and finished at Rs. 196.3. Trading volume inflated by 98 percent at last trading day. However largely the volumes are settled intraday. It signals positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 170.

DABUR surged by 7.14% and settled at Rs.421.55. Trading volume increased by 778 percent on 31 July 2018. It gives an impression of positive breakout. It is frequently rising for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 368.

BRITANNIA strengthen by 3.33% and finished at Rs. 6542.2. Trading volume increased by 76 percent. Impressively 57% of the trades gone for delivery. It suggest for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 6233.

BEML volume spiked by 75 percent on Tuesday. Yet largely the volumes are intraday trades. There could be selling pressureIt is frequently heading higher levels for 6 days. This stock is currently settled above the recent resistance zone. We see short term support around 751.

BEL surged by 7.93% and closed at Rs.116.35. Trading volume hiked by 239 percent on 31 July 2018. It is likely to witness bullish breakout. It is continuously heading higher levels for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 98.

BANKINDIA plunged by 8.57% and closed at Rs.94.4. It witnessed Bearish Engulfing pattern on daily chart. Trading volume spiked by 310 percent on Tuesday. But majority of them are intraday in nature. It is oscillating nearer to its resistance zone of 97.

BANKBARODA is the most active stock. But largely the volumes are settled intraday. It is steadily rising for 7 days. This stock is currently settled above the recent resistance zone. We see short term support around 112.

AXISBANK slipped by 3.38% and closed at Rs.550.4. It witnessed Bearish Engulfing pattern on daily chart. Trading volume inflated by 257 percent. The aggressive nature of sellers is indicated by the unfilled gap.It is oscillating nearer to its resistance zone of 554.

AJANTPHARM witnessed Star pattern on daily chart. AJANTPHARM volume rose by 300 percent at last trading day. However most of the trades are settled intraday. It gives an impression of resistanceThis stock is currently settled above the recent resistance zone. We see short term support around 948.

ADANIPOWER surged by 7.92% and to close at Rs.31.35. Meantime it registered significant returns on the weekly basis. Trading volume increased by 126 percent on Tuesday. Yet numerous trades were intraday in nature. It signals bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 15.


updated 5:40 pm

Closing Bell: The NSE NIFTY 50 Index advanced 0.33 percent to settle at record closing high 11356.50 on Tuesday. Indian Equity benchmark NIFTY extended their record-breaking run to settle at fresh closing high for the forth consecutive day in the last trading session of the month. On the monthy basis, NIFTY clocked their second best monthly gain of 2018 on the back of optimistic June quarter earnings from Indian companies.

Among sectoral gauges compiled by NSE NIFTY REALTY, NIFTY IT and NIFTY PHARMA ended as top gainers While NIFTY PSU BANK, NIFTY FIN SERVICE and NIFTY PVT BANK were top losers.

From the NIFTY50 basket of shares TECHM, DRREDDY, RELIANCE, HINDUNILVR and ADANIPORTS ended as top gainers while AXISBANK, IBULHSGFIN, EICHERMOT, HDFC and TATAMOTORS are top losers.


updated 2:59 pm

Earnings Highlights

V-guard

  • The topline grew to Rs 638 crores in Q1,2019 from Rs 572 crores in Q1,2018  .
  • Net profit after tax grew to Rs 34 crores in Q1,2019 from Rs 23 crores in Q1,2018 .
  • Earnings per share showed a significant growth to Rs 0.81  in Q1,2019 from Rs 0.55 Q1,2018.

Raymond

  • The topline grew to Rs 655 crores in Q1,2019 from Rs 640 crores in Q1,2018 .
  • Net profit after tax grew to Rs -13 crores in Q1,2019 from Rs -6 crores in Q1,2018 .
  • Earnings per share showed a significant growth to Rs -2.16  in Q1,2019 from Rs -1.39 Q1,2018.

Ajanta Pharma

  • The topline grew to Rs 519 crores in Q1,2019 from Rs 477 crores in Q1,2018 .
  • Net profit after tax grew to Rs 105 crores in Q1,2019 from Rs 94 crores in Q1,2018 .
  • Earnings per share showed a significant growth to Rs 12.02  in Q1,2019 from Rs 10.77 Q1,2018.

updated 12:05 pm

Financial Sector Lose Ground

Among sectors compiled by NSE Non-Banking Financial sector and Banking sector under-performs while Pharmaceutical sector hold onto gains.


updated 11:45 am

Market Update: The NSE Nifty 50 Index declineed 0.35 percent higher at 11280.45 on Monday. India equity benchmarks snapped three day record breaking run dragged down by Financial stocks in the last trading session of the month. Howeve, losses were capped by gains in Realty, Pharma and IT stocks. The market breadth indication the health of the market is in favor of bears.

Global Market Check: Asian Markets trading lower tracking overnight cues from the U.S. markets as investors are awaiting Bank of Japan’s monetary policy decision due later in the day and the U.S. Federal Reserve’s monetary policy decision due on Wednesday.


updated 9:25 am

Earnings Reaction To Watch

HDFC

  • The topline grew to Rs 9951 crores in Q1,2019 from Rs 8289 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 3070 crores in Q1,2019 from Rs 2022 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 12.96  in Q1,2019 from Rs 8.96 Q1,2018.

Axis Bank

  • The topline grew to Rs 12777 crores in Q1,2019 from Rs 11052 crores in Q1,2018 on .
  • Net profit after tax de- grew to Rs 701 crores in Q1,2019 from Rs 1305 crores in Q1,2018 on .
  • Earnings per share showed a significant de -growth to Rs 2.73  in Q1,2019 from Rs 5.45 Q1,208.

Idea Cellular Ltd

  • The topline grew to Rs 5889 crores in Q1,2019 from Rs 8166 crores in Q1,2018 on .
  • Net profit after tax grew to Rs 256 crores in Q1,2019 from Rs -814 crores in Q1,2018 on .
  • Earnings per share showed a significant growth to Rs 0.59  in Q1,2019 from Rs -2.25 Q1,2018.

Earnings to Watch

  • Tata Motors
  • Power Grid
  • UPL
  • Vedanta
  • Bank of India
  • Bharat Electronics
  • Blue Dart Express
  • Castrol India
  • Dabur India
  • IIFL
  • Mahanagar Gas
  • Raymond
  • V-Guard Industries

updated 9:20 am

Top News Of The Day

NLC Plans Acquisition

  • NLC plans acquisition to add 3000 MW capacity of power generation.

DLF To Close Down Claire’s Outlets

  • DLF brands to close down Claire’s outlets in India as the US women accessories brand Claire has filled for bankruptcy in America.

Mahindra To Hike Prices

  • Mahindra to hike prices of passenger vehicles in India. The company is planning to increase up t0 Rs 3000 or 2% of total value

updated 9:15 am

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