Intraday Range: 16650-17000
Short Term Range: 16650-17200
Intraday Range: 37300-38000
Short Term Range: 37000-38000
Major draggers: Banks, Financials & Energy
Stocks to watch: #BANDHANBNK & #ITC
A probable dark horse: #MAZDOCK
Hath ko aaya muh na laga sums up yesterday's trading session. All the rise via Gap Up was sold & we closed in red and on top of that US markets also closed in red. Gap Down would be there. Maybe of 40-70 points. 16800 is rock solid support on both Daily & Weekly Time Frames and I expect it to hold. Maybe we may see a quick down move below this to hit all stops but closing matters. Today we have lots of events lined up so obviously volatility will be there.
Position sizing recommended: Small
Should we be cautious? : Yes.
Area of averaging PF? : 16700 (Keeping this level intact for a few days as long as we're closing below 17500)
Combined Weightage of 32-35% in NIFTY
Risk of big gap up or gap down will be there on Monday.
#NIFTY50 #RELIANCE #ULTRACEMCO #BANDHANBNK #JSWSTEEL #ICICIBANK #KOTAKBANK #INFY
BEARISH STOCKS FOR THE DAY, SELL ON RISE:
#BANDHANBNK OPTION BUY BANDHANBNK 320 PE CMP 8 - 9 TGT OPEN
Bandhanbank 310 Pe 12.20 To 15🔥🔥
#BANDHANBNK 12.25 WHAT A MOVE YE BANDHAN TO PYAR KA BANDHAN HAI 😄😄
#BANDHANBNK 11.80 6000+ PROFIT PER LOT SAFE PLAYER IF WANT CAN BOOK I AM EXPECTING GAPUP😍😍🚀
Stocks at inflection point
Selected stocks from #NIFTYBANK
Today Trade Performance 👇🏼👇🏼👇🏼
Today also not big trade on card but ok for the day
#NIFTY50 1st entry 37700CE got 40+ points 2nd entry same strike hit another 40+
#BANDHANBNK 💥Great from 13 to 17.4 = 7500+
#APOLLOTYRE from 8.7 to 10. 5 = 4500+
#INDHOTEL given 2000+ profit and then hit sl
#TATAPOWER from 6.4 to 6.9 = 3000+ and the hit sl
#HEROMOTOCO exited with 1000-1500 loss
#COALINDIA #ADANIENT not activated
#CHOLAFIN 1st entry given 2000+ and then hit sl , in 2nd entry hit sl loss of 3000-
#NMDC end in entry range
#POLYCAB #GRASIM hit sl each = 3000-😐😐
#BANDHANBNK 306.75 MORE COMING BUT KEEP TRAILING
STOCKS in ACTION 6 Apr
Ducon Infratechnologies fixes April 13, 2022 as record date for bonus issue
Veeram Securities Ltd fixes April 19, 2022 as record date for stock split
Adani Green/Adani Enterprise: To consider raising funds on April 8 by way of a rights issue, preferential allotment, including a qualified institutional placement or through any other mode.
Ruchi Soya Industries allots 6,61,53,846 Equity Shares, raises Rs. 4300 crore
U GRO Capital Limited files prospectus with ROC for NCD issue of Rs. 100 crores
Gufic Biosciences receives DCGI approval for Thymosin Alpha-1
Jio-bp and TVS Motor Company to collaborate on EV solutions
Dr Lal PathLabs to use drones for transport of blood samples
NTPC: Signs Pact With Gujarat Gas Blending Of Green Hydrogen In Piped Natural Gas – Statement
Coastal Corporation Ltd commences trial production at its new plant
Triveni Engineering & Industries Ltd commissions new 160 KLPD distillery
M&M: To Go Ahead With Advance Chemistry Cell Manufacturing Plans With/Without PLI Support || Co Will Be Spending Over Rs 3000 Cr For Cell Manufacturing To Be Used In Electric Vehicles - Etnow, Citing Sources
DCB Bank launches its 400th branch, the 21 st branch in Delhi NCR
Union Bank of India to conduct Digital Conclave at Mumbai
Canopy Finance Ltd to reverse merge with Purple Finance Ltd
TCS: Kansas Selects TCS as Technology Partner to Transform Unemployment Insurance System
Mindtree: Invests In Cope Health Solutions To Accelerate Its Healthcare Business || Co Has Made A Strategic Investment And Agreed To Acquire A 6.64% Stake In Cope Healthcare Consulting Inc., USA
Resurgent Power Ventures Pte Ltd completes acquisition of NRSS XXXVI Transmission Ltd
Dish TV: Received RBI nod to divest its stake in Sri Lankan arm.
Bandhan Bank: Loans & Advances Up 16% (YoY) At About 1.01t Rupees As Of End-March || Collection Efficiency For March Was 96%
Poonawalla Fincorp: Q4 Disbursements At About 33.3b Rupees Collection Efficiency Stood At About 108.4% In March Aum At About 165.75b Rupees As Of March 31, Up 17% (YoY)
Tata Steel Long Products: Crude steel production in Q4 FY22 stood at 1.66 lakh tonnes, while volumes increased 6% year-on-year in the fiscal ended March 31, 2022.
Marico: Says During Quarter, Consumption Trends Remained Subdued Amidst Weak Rural Sentiment And Inflation In Global Commodities Aggravating
Goa Carbon Ltd shuts down Goa unit for maintenance work from Apr 5, 2022
Rain Industries subsidiary to shut down one CPC kiln at Vizag plant
#ADANIGREEN #RUCHI #GUFICBIO #TRIVENI #BANDHANBNK
*Bandhan Bank (BANDHAN IN ) 4QFY22 Business Update: Strong loan growth; EEB CE back to pre-covid level*
*• Collection efficiency (incl. NPA customers and excluding arrears) for the month of Mar-22 stands at 96% vs. 93% in Dec-21, 90% in Sept-21 and 80% in June-21 with EEB at 95% vs. 91% in Dec-21, 86% in Sept-21 and ~72% in June’21. Non EEB collection efficiency was stable at 98% QoQ.*
*• Collection efficiency ex. NPAs and arrears was back to pre-covid levels of 99%*
• Loan book (incl. TLTRO) grew by 16.4% YoY (+15.2% QoQ) to Rs 1,014bn. The growth is higher for 4QFY22 as it is prior to w/os.
• Bank’s deposits grew by 23.5% YoY (+14% QoQ) to Rs 963bn led by 32.4/67.6% growth in bulk deposits (Rs 219bn, 22.7% of deposits).
• CASA grew 18.5/4.0% YoY/QoQ to form 41.6% (-400bps QoQ).
• Retail deposits grew by 21.2/4.2% YoY/QoQ to Rs. 744bn (~77.3% of total deposits, -730bps QoQ).
*We currently have a OP rating on the stock with target price of Rs xxx
TgT: 329- 332- 337
Arihant Capital Markets target on BANDHANBNK
Broker: Arihant Capital Markets
Price @ Call: 296
Pure technical buy: Bandhan Bank
SL 230 on a Closing basis.
Single Target: 515.
Risk Reward Ratio is: 1:10
STRONG SELLING IN BELOW, LOOK FOR SELL ON RISE:
AND THE LIST GOES ON. FIRM BEAR GRIP!!
Positive stocks for the day and short term
Risk taker go for it 19+ #BANDHANBNK
*Stocks to Watch:*
Bandhan Bank: The Reserve Bank of India (RBI) has authorised Bandhan Bank as an gency Bank of the RBI for undertaking Government business. The appointment would allow Bandhan Bank to undertake Government business on behalf of the RBI. With this, Bandhan Bank joins ranks with a few other scheduled private sector banks to be empanelled as Agency Banks of the RBI.
TCS: Tata Consultancy Services (TCS) is to expand its partnership with Celcom Axiata Berhad, a leading telecommunications provider in Malaysia, to transform the latter’s core business support systems using TCS HOBS and TCS TwinX hosted on Microsoft Azure.
ITC Ltd: ITC operated Welcomhotel has announced the launch of its 107-key property in Bhubaneswar. The company said the hotel was inaugurated by Odisha chief minister Naveen Patnaik on 1 November.
Kotak: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Limited (KIAL), has signed an agreement with Sify Technologies Ltd, to invest up to ₹1,000 crore ($135 million) in Sify Infinit Spaces Ltd (SISL), a wholly-owned subsidiary of Sify.
Reliance: Reliance Retail on Monday said the country's first open air roof-top theatre, where people can drive in with their car to watch cinema, will open from November 5 at its premium shopping mall Jio World Drive in Mumbai.
ONGC: The petroleum ministry has asked Oil and Natural Gas Corp. Ltd (ONGC) to give away 60%stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an 28 October letter to the state-owned company.
HDFC: Mortgage lender Housing Development Finance Corp (HDFC) on Monday reported a standalone net profit of ₹3,780 crore for the quarter ended September 30, 2021 (Q2FY22). This is an increase of 32% from ₹2,870 crore in the same period last year as dividend income soared.
SW Steel: JSW Steel on Monday said its subsidiary, JSW Steel USA, has commenced the phase II upgrade of its plate mill facility located at Baytown in Texas, USA. The project, expected to be completed by 2023, is being carried out by its subsidiary company JSW Steel (USA) Inc.
NCC: NCC Ltd has received a new order for ₹442 crore (exclusive of GST) in October. The order pertains to mining division and is received from a state government agency and does not include any internal order...
#BANDHANBNK #TCS #NCC #HDFC #ONGC
#BANDHANBNK #BANKINDIA #ICICIBANK #YESBANK
Today paid most of lagging and some of hit sl side before we having gud profits but #MARICO #GUJGASLTD 💥💥💥JACKPOT 💥💥💥 now #BANDHANBNK given gud move 👇🏼👇🏼👇🏼
285 TO 307✅
Nifty, Banknifty analysis and stocks to watch on 16th sep 👇
#NIFTY50 #NIFTYBANK #TATAMOTORS #BANDHANBNK
Good positional Setups for SEP :
All will give min 30-50K/lot for sure.
But u need to hold with patience. And not to book ur rewards early..
#PIIND jackpot for the day #BANDHANBNK
Stocks in News
Britannia Industries: The company reported lower profit at Rs 387 crore in Q1FY22 against Rs 542.7 crore in Q1FY21, revenue fell to Rs 3,403.5 crore from Rs 3,421 crore YoY.
Equitas Small Finance Bank: The company reported sharply lower profit at Rs 12 crore in Q1FY22 against Rs 58 crore in Q1FY21, net interest income increased to Rs 461 crore from Rs 404 crore YoY.
Cholamandalam Investment: Board approved raising up to Rs 28,000 crore via non-convertible debentures. The company reported lower standalone profit at Rs 326.80 crore in Q1FY22 against Rs 430.93 crore in Q1FY21, revenue from operations increased to Rs 2,466.89 crore from Rs 2,113.63 crore YoY.
Bandhan Bank: The bank reported sharply lower profit at Rs 373.1 crore in Q1FY22 against Rs 549.8 crore in Q1FY21, net interest income rose to Rs 2,114.1 crore from Rs 1,811.5 crore YoY.
UPL: The company reported higher profit at Rs 749 crore in Q1FY22 against Rs 653 crore in Q1FY21, revenue rose to Rs 8,515 crore from Rs 7,833 crore YoY.
Tata Motors: The company's sales in the domestic & international market for July 2021 stood at 54,119 vehicles, compared to 27,711 units during July 2020.
#TATAMOTORS #UPL #BANDHANBNK #BRITANNIA #EQUITAS