BUSINESS
F&O Manual | Nifty trades flat, stiff resistance seen at 19,500
Nifty is trading in a narrow range throughout the day at 19370 levels. It is consolidating between the 19,300-19,500 range since the last six trading sessions and has found a double top resistance around the 19,440 levels on intraday basis. The bears are managing to successfully keep the bulls away as heavy call writer additions are observed at 19,450 and 19,500 Strikes.
BUSINESS
Pyramid Technoloplast IPO: Everything you need to know about the company
Pyramid Technoplast IPO has received a strong response from investors. The issue had been subscribed 9.36 times by August 22 afternoon, the final day of bidding
BUSINESS
F&O Manual | Traders stack up neutral trades at 19,400 levels, heavy short build-up in pharma
As per options data, Nifty struggles at 19400 with heavy call and put writing activity. The level of 19,300 and 19150 on the downside will act as a strong support for Nifty while a close above 19,426 can lead to initiation of fresh longs as per analysts.
BUSINESS
Hotels sector records healthy growth in Q1, offers strong outlook for H2: Jefferies
In 1Q, Indian hotels sector continued to witness healthy YoY growth in RevPAR though it declined QoQ due to seasonality. According to Jefferies managements are confident on ongoing rate upcycle lasting for next few years and also expect FY24 RevPAR growth at double digit.
BUSINESS
F&O Manual | Markets trade in green, Nifty sees crucial straddle position at 19,300
Indian markets started positively, buoyed by neutral global cues. All sector indices were in the green. Calls and puts indicated resistance at 19,300, while 19,400 and 19,500 showed stronger hurdles. 19250 marked a crucial support level, while Nifty's sustainability above 19370-19400 could signal revival.
BUSINESS
F&O Manual | Markets in red on global weakness; Call writing at 19,400 hints bearish trend
The US market's weakness led to a sluggish start in the Indian market. Key sectors like IT, oil & gas, metal, and realty were down, while power indices showed a modest rise. Call writers dominated with heavy call writing at 19400 strike, forming a resistance. The breach of 50EMA at 19270 could signal further weakness. Analysts suggest a breach below 19250-19300 range could lead to more decline, while 19500-19650 poses strong resistance.
BUSINESS
Shipbuilding stocks Cochin Shipyard, Garden Reach surge over 33% in past 3 trading sessions, defy market weakness
Despite global market uncertainty, shipbuilding stocks are defying the odds. Cochin Shipyard's Q1 earnings boost led shares to a remarkable 37 percent surge in three days, while Garden Reach Shipbuilders & Engineers rose by 32.88 percent.
BUSINESS
Bharat Forge: Propelling India's economic momentum through its play on defense and e-mobility
A key player in auto components, Bharte Forge, is propelling India's economy. As per analysts BHFC stands out as an investment, backed by financial strength, diverse revenue streams and overseas expansion plans
BUSINESS
F&O Manual |Nifty tests 19,350, Bank Nifty rebounds after 5-day losing streak
Adani Ports, REC Ltd and Birlasoft see a bullish setup, while ITC, JK Cement and Glenmark see a short build-up
BUSINESS
F&O manual: Options hint at struggle as Nifty briefly tests 19,300
If the Nifty slip below the crucial support of 19,300, it will decisively weaken the trend and the index can slide further with next major support at 18,800 zone
BUSINESS
F&O Manual | Sensex and Nifty slip, consolidation phase persists
Indian equity markets started flat but turned bearish with bank, FMCG, healthcare, and metals sectors witnessing selling pressure. Power, realty, and capital goods sectors showed buying interest. Technical analysis suggests consolidation with 19,440-19,200 as pivotal support for Nifty.
BUSINESS
NTPC - What makes analysts bullish on this PSU stock?
NTPC is best positioned for success in India's energy transition, much like its successful global peers in the ‘Green & Grey’ sectors. It is poised for leadership in India’s renewables market due to its visible pipeline of 16.7GW renewable projects
BUSINESS
F&O manual | Market continues downward journey amid global weakness, Nifty faces strong resistance at 19,600
The Indian equity market faced further decline as weak global cues drove sentiment down. Banking, FMCG, IT, power, and realty sectors faced selling pressure, while pharmaceuticals showed a 0.4% rise. Options data suggests potential resistance at 19,634-19,678 levels
BUSINESS
F&O Manual | Sectoral indices trade in the red, Nifty faces hurdle at 19,650-19,700
Most sectoral indices trade in the red except for banking and pharma. Key indices lacked strong movement, reflecting market uncertainty. Analysts see the 19,900-19,200 consolidation phase as a healthy retracement and advise accumulating quality stocks during dips.
BUSINESS
F&O Manual | Pharma stocks propel benchmark indices; sideways momentum in Nifty at 19,600 levels
Analysts expect Nifty to consolidate between 19,900 and 19,200. A move above 19,600 crucial for optimistic scenario; below 19,300 may reinforce selling pressure. Bullish setups for REC Ltd, PFC, Idea, and Divislab; short buildup for Britannia, ABFRL, and Dixon.
BUSINESS
Mold-Tek Packaging down 3% on weak Q1 numbers
The company's quarterly net profit came in at Rs 18.73 crore, down 13.71 percent from the year-ago period
BUSINESS
Gujarat State Petronet gains 2% post Q1 results; brokerages maintain 'buy'
GSPL's consolidated net profit declined 20% YoY to Rs 434 crore, impacting the financials due to price cuts. However, sales volume showed positive signs with gas sales and CNG volumes increasing sequentially.
BUSINESS
F&O Manual |Nifty Stages Rebound After Recent Slide, Sectoral Indices Rally in Green
Options data highlighted an intriguing battle between call and put writers around the 19500 levels. At 11 am, the Sensex was up 318.00 points or 0.49 percent at 65,558.68, and the Nifty was up 95.50 points or 0.49 percent at 19,477.20. About 2028 shares advanced, 949 shares declined, and 115 shares unchanged.
BUSINESS
Deepak Nitrite shares slip 1% post weak Q1 numbers
Chemical manufacturing company Deepak Nitrite reported a 36.1 percent decline in consolidated net profit at Rs 149.9 crore for the June quarter.
BUSINESS
Derivatives Outlook | Options strategy for Bharti Airtel ahead of Q1 results today
India's Bharti Airtel is expected to announce strong Q1FY24 results with an 11 percent YoY revenue growth and a 17 percent rise in mobile EBITDA. Analysts predict a 60 percent YoY increase in net profit. Market experts, hold positive sentiments on the stock, suggesting a modified collar strategy for hedging. Amid optimism, caution and prudent strategies are advised to mitigate market uncertainties.
BUSINESS
F&O manual |Fitch fallout shakes up markets from overbought zone, Nifty below 19,550
The Indian equity market faced pressure on August 2, influenced by weak global cues. Sectoral indices traded in the red, with auto, metal, oil & gas, and power down 1 percent each. At 11 am, Sensex was down 693.73 points, and Nifty was down 205.30 points. Put writers dominated the day with strong action at 19800 levels and counters experienced significant selling pressure.
BUSINESS
F&O Manual |Indian indices steady on positive global cues; Nifty struggles at 19,800 levels
Indian indices opened steady on August 1, despite positive global cues. However, mid-morning saw a slip into the red, with information technology and metal sectors up 0.5 percent each, and the realty index down nearly 2 percent. Nifty faces resistance around 19800 - 20000, while holding strong support at 19600.
BUSINESS
HG Infra Engineering Q1 results: Net profit grows 37% YoY to Rs 1,504 crore
Revenue from operations rose 22.2 percent at Rs 13,512 crore in Q1FY24 as compared to Rs 11,059 in the corresponding period previous year, HG Infra Engineering said in an exchange filing.
BUSINESS
F&O Manual | Market rebounds, Nifty trades higher with dominant Put writers
Indices opened negatively but saw marginal gains in the afternoon session. IT, metal, oil & gas, and power sectors were up 1%, while FMCG was down 0.5%. Nifty formed a bullish candle and has been making higher highs and lows, with support at 19600 levels. BankNifty resistance at 46100 and support at 45000 levels. HindCopper, IDFC, and ACC saw long buildup, while PEL and RBL Bank saw a short buildup.
