Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
When a goat's death cost Coal India ₹2.7 crore
BHUBANESWAR: Protests by locals in eastern India over a trespassing goat killed in an accident halted operations and cost Coal India unit Mahanadi Coalfield Ltd (MCL) 26.8 million rupees ($377,000), a spokesman said on Tuesday.
"It's surprising, but true. A goat can also cost you," MCL spokesman Dikken Mehra's statement read.
Coal transportation at Talcher coalfields, one of India's biggest, came to a halt after locals from a nearby village protested against the killing of a goat in an accident in a prohibited mining zone.
https://www.livemint.com/companies/...t-coal-india-rs-2-7-crore-11569985267270.html
BHUBANESWAR: Protests by locals in eastern India over a trespassing goat killed in an accident halted operations and cost Coal India unit Mahanadi Coalfield Ltd (MCL) 26.8 million rupees ($377,000), a spokesman said on Tuesday.
"It's surprising, but true. A goat can also cost you," MCL spokesman Dikken Mehra's statement read.
Coal transportation at Talcher coalfields, one of India's biggest, came to a halt after locals from a nearby village protested against the killing of a goat in an accident in a prohibited mining zone.
https://www.livemint.com/companies/...t-coal-india-rs-2-7-crore-11569985267270.html
Use current fall as bargain-hunting opportunity to go long,
A breakout above 11,500 marks where descending trend line on lower time frame is placed, will give confirmation of retracement complete and original uptrend begin.
Nifty, after rallying for nearly 1,000 points in just two trading sessions post-corporate tax cut announcement, now has corrected by some 450 points denting the market sentiment. Technically, after making a high of 66 in the last week, the RSI momentum oscillator is retracing towards the breakout point of 50 which should be considered as a pullback buy setup (PBB) and it can be used as a bargain-hunting opportunity to go long.
On the lower side, confluence of supports are in a zone of 11,000-11,150 levels. These supports mainly consists of a line of parity placed at 11,150, 61.8% Fibonacci retracement levels of current rise standing at 11,060 and strong psychological levels 11,000. One should add longs as far as Nifty is trading above this crucial demand zone.
https://www.moneycontrol.com/news/b...3-stocks-for-double-digit-return-4495351.html
A breakout above 11,500 marks where descending trend line on lower time frame is placed, will give confirmation of retracement complete and original uptrend begin.
Nifty, after rallying for nearly 1,000 points in just two trading sessions post-corporate tax cut announcement, now has corrected by some 450 points denting the market sentiment. Technically, after making a high of 66 in the last week, the RSI momentum oscillator is retracing towards the breakout point of 50 which should be considered as a pullback buy setup (PBB) and it can be used as a bargain-hunting opportunity to go long.
On the lower side, confluence of supports are in a zone of 11,000-11,150 levels. These supports mainly consists of a line of parity placed at 11,150, 61.8% Fibonacci retracement levels of current rise standing at 11,060 and strong psychological levels 11,000. One should add longs as far as Nifty is trading above this crucial demand zone.
https://www.moneycontrol.com/news/b...3-stocks-for-double-digit-return-4495351.html
Good News! Bank Employees to Get One Month Extra Salary as Advance Ahead of Diwali
People working with banking sector have a reason to celebrate this festive season. Around 14 lakh bank employees will get a festival bonanza this season as the Indian Banks Association (IBA) has on Tuesday asked all the banks – both PSUs and private – to pay one month’s salary as advance to their respective employees ahead of Diwali.
https://www.india.com/business/good...ra-salary-as-advance-ahead-of-diwali-3790743/
People working with banking sector have a reason to celebrate this festive season. Around 14 lakh bank employees will get a festival bonanza this season as the Indian Banks Association (IBA) has on Tuesday asked all the banks – both PSUs and private – to pay one month’s salary as advance to their respective employees ahead of Diwali.
https://www.india.com/business/good...ra-salary-as-advance-ahead-of-diwali-3790743/
Brokerage: Elara Capital
HPCL: Buy | Target: Rs 415 | Return: 34 percent
IOC: Buy | Target: Rs 182 | Return: 23 percent
Oil marketing companies (OMC) have run up 15-34 percent in the past month on expectations of government's plans to privatize Bharat Petroleum (BPCL). Under a blue sky scenario, we estimate asset replacement cost-based value of OMC offers 134-276 percent upside over CMP and 117-178 percent over target price. We believe factors, such as non-OPEC oil supply growth outpacing global demand meaningfully in 2019 (Source: IEA), rising GRM on upcoming IMO regulation, above average H1FY20 retail margin and improving domestic oil demand growth, will play in favour of OMC.
We revise stance to positive on OMC from negative. We prefer HPCL among OMC, as its earnings are most exposed to marketing. We revise rating for HPCL to buy from accumulate and raise target to Rs 415. We revise rating for IOCL to buy from accumulate and raise target to Rs 182.
https://www.moneycontrol.com/news/b...is-week-which-could-return-13-45-4495061.html
HPCL: Buy | Target: Rs 415 | Return: 34 percent
IOC: Buy | Target: Rs 182 | Return: 23 percent
Oil marketing companies (OMC) have run up 15-34 percent in the past month on expectations of government's plans to privatize Bharat Petroleum (BPCL). Under a blue sky scenario, we estimate asset replacement cost-based value of OMC offers 134-276 percent upside over CMP and 117-178 percent over target price. We believe factors, such as non-OPEC oil supply growth outpacing global demand meaningfully in 2019 (Source: IEA), rising GRM on upcoming IMO regulation, above average H1FY20 retail margin and improving domestic oil demand growth, will play in favour of OMC.
We revise stance to positive on OMC from negative. We prefer HPCL among OMC, as its earnings are most exposed to marketing. We revise rating for HPCL to buy from accumulate and raise target to Rs 415. We revise rating for IOCL to buy from accumulate and raise target to Rs 182.
https://www.moneycontrol.com/news/b...is-week-which-could-return-13-45-4495061.html
Experts expect the September momentum to continue in the coming months, but ask investors to read the RBI policy statement and management commentary after September quarter earnings as these will give have a bearing on the market.
"Post the government’s big-bang announcement of corporate tax reforms, the market has been buoyant. Forthcoming Q2 results season is highly important, particularly the management commentaries stating their take on-demand environment and their plans for the excess cash flows on account of lower tax. The market will wait for this clarity before making a decisive new high," Vineeta Sharma, Head of Research at Narnolia Financial Advisors, told Moneycontrol.
Romesh Tiwari, Head of Research at CapitalAim, said, "To hit the record highs by Diwali, we need to be certain that the revival in the real economy of India has started. I will wait for growth projections by the RBI and other institution after the big booster tax cuts by the finance ministry. If the growth projection by RBI at the end of this week improves and RBI cut rates by at least 25 bps, the Nifty can cross 12,000 by the end of October."
https://www.moneycontrol.com/news/b...d-20-60-in-an-eventful-september-4490831.html
"Post the government’s big-bang announcement of corporate tax reforms, the market has been buoyant. Forthcoming Q2 results season is highly important, particularly the management commentaries stating their take on-demand environment and their plans for the excess cash flows on account of lower tax. The market will wait for this clarity before making a decisive new high," Vineeta Sharma, Head of Research at Narnolia Financial Advisors, told Moneycontrol.
Romesh Tiwari, Head of Research at CapitalAim, said, "To hit the record highs by Diwali, we need to be certain that the revival in the real economy of India has started. I will wait for growth projections by the RBI and other institution after the big booster tax cuts by the finance ministry. If the growth projection by RBI at the end of this week improves and RBI cut rates by at least 25 bps, the Nifty can cross 12,000 by the end of October."
https://www.moneycontrol.com/news/b...d-20-60-in-an-eventful-september-4490831.html
Big income tax cuts on cards: After corporate tax bonanza, govt planning this Diwali gift for people
This Diwali may bring prosperity for many as the Narendra Modi-led government is considering to cut the personal income tax rates. As the next step in the continued efforts to boost demand and investment in the economy, the government is planning to leave more cash in the hands of the people by reducing the taxman’s share. The government is considering rationalising personal income tax rates, the Hindustan Times reported citing two unidentified officials.
https://www.financialexpress.com/ec...planning-this-diwali-gift-for-people/1723553/
This Diwali may bring prosperity for many as the Narendra Modi-led government is considering to cut the personal income tax rates. As the next step in the continued efforts to boost demand and investment in the economy, the government is planning to leave more cash in the hands of the people by reducing the taxman’s share. The government is considering rationalising personal income tax rates, the Hindustan Times reported citing two unidentified officials.
https://www.financialexpress.com/ec...planning-this-diwali-gift-for-people/1723553/
Short paper stocks... govt now saying no plans to ban single use plastic!!
https://m.timesofindia.com/india/no...se-plastic-govt-says/articleshow/71403510.cms
https://m.timesofindia.com/india/no...se-plastic-govt-says/articleshow/71403510.cms
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