Day Trading Stocks & Futures

TraderRavi

low risk profile
Hot Stocks | 'Buy IDFC First Bank, Concor for 11-19% return in short term'


IDFC First Bank | Buy | LTP: Rs 21.90 | Target: Rs 26 | Stop loss: Rs 17 | Upside: 19%

In the recent fall, the stock has corrected more than 60 percent from the peak of Rs 48 to end below the Rs 20-mark.

Now at this juncture, the stock has been in a highly oversold condition on most of the time frames.

The stock has found support near Rs 18 mark, which is exactly the 161.8 percent Fibonacci retracement (golden ratio) of the entire rally from Rs 32 of October 2018 to Rs 57 of April 2019.

Traders are advised to buy the stock on the dip from Rs 21 to Rs 19 for the target of Rs 26 with a stop loss of Rs 17.

Container Corporation of India (Concor) | Buy | LTP: Rs 314.35 | Target: Rs 350 | Stop loss: Rs 260 | Upside: 11%

In a matter of fewer than 2 months, Concor corrected more than 50 percent from the peak of Rs 600 and registered the low of Rs 262 in the recent session.

During the process, the stock retested Rs 265-mark, which is the placement of the 100-quarter exponential moving average.

The support of 100-quarter exponential moving average has never been breached since the year 2003 and the stock rebounded sharply from there.

Any dip from here is a buying opportunity for the short-term traders till the stock stays above that level.

Traders are advised to buy the stock on a dip near Rs 290 for the target of Rs 350 with a stop loss of Rs 260.

Infosys | Sell | LTP: Rs 640 | Target: Rs 530 | Stop loss: Rs 710 | Downside: 17%

Recently, there was a breakdown in Infosys below the Rs 630-mark from a pattern that resembled a bearish head and shoulder.

Thereafter, the stock tumbled towards Rs 520-mark and is now again above Rs 630 levels.

The theoretical target of the pattern is placed around Rs 450 and the recent rise could be just a pullback of the fall.

The reward-to-risk ratio looks highly lucrative to go short for short-term traders. Traders are advised to sell the stock on near Rs 650 for the target of Rs 530 with a stop loss of Rs 710.

https://www.moneycontrol.com/news/b...r-for-11-19-return-in-short-term-5076911.html
 

TraderRavi

low risk profile
ESAF Small Finance Bank receives Sebi approval to float IPO

Kerala-based ESAF Small Finance Bank has received Sebi's approval to launch an initial public offering (IPO). Sebi issued the final observations to the lenders' proposal on March 20, 2020, according to the information published on regulator's website.

The company had filed its Draft Red Herring Prospectus (DRHP) on January 6, 2020, for its Rs 976 crore IPO. The book running lead managers to the offer are Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities.
 

TraderRavi

low risk profile
Crisil cuts FY21 growth estimate sharply to 3.5 per cent

The severe dent in the economic activity due to the coronavirus pandemic led rating agency Crisil to sharply cut its growth estimate for 2020-21 to 3.5 per cent, on Thursday. Earlier, the agency had predicted an economic growth of 5.2 per cent for the next financial year.

The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earlier in the day but said more measures like loan forbearances for small businesses and households are necessary.

The country has been placed in a 21-day lockdown since Wednesday as authorities try to restrict the spread of coronavirus and minimise the number of infected cases. Currently, 13 people have succumbed to the virus and over 650 infected.

"The pandemic in India and the consequent lockdown for 21 days pose a material risk to our India economic outlook. The adverse effects that will follow can dwarf the gains from the sharp drop in crude oil prices, and the anticipated monetary and fiscal stimuli," it said.

The agency said the pandemic's cost is not only restricted to financial one like the post-Lehman Brothers crisis of 2008, but it also involves enormous human suffering that has not been witnessed in decades.

Crisil Chief Economist Dharmakirti Joshi said the estimate of 3.5 per cent growth in 2020-21 assumes a normal monsoon and also a subsidising of the pandemic's economic impact in the June quarter.

"The slump in growth will be concentrated in the first half of the next fiscal, while the second half should see a mild recovery," he said.
Social distancing and discretionary spends will be hit in the June quarter, it said adding that sluggish growth in advance economies will also hit Indian exports.

Even though services, which account for 41 per cent of the total exports, have been resilient so far, the impact in advance economies will hit indian IT and tourism sectors and dent export earnings, it said.

The ongoing lockdown is affecting manufacturing activity and also services and, in turn, affecting the domestic supply chains, the agency said adding that daily wage earners will be in the firing line.

"The non-linearity and complexity of what's unfolding creates uncertainties not only for businesses but for all mankind, and weighs heavily on sentiment and outlook, with risks tilted to the downside. Inability to control the pandemic and extension of the lockdown will aggravate supply and demand shocks," Crisil Chief Executive and Managing Director Ashu Suyash said.

She also conceded that this is the reason why it is hard to quantify the downside at the present moment.

On inflation, it said even though there can be a spike in the near term because of panic buying, price rise will eventually soften in the next financial year.

A slew of analysts have been cutting their growth estimates in the light of the coronavirus impact, with some reports also saying that there will be a shrinking of the economy in the first quarter of the next financial year when the impact of the virus will be the highest.

In a report earlier in the day, Singaporean bank DBS cut its 2020-21 growth forecast to 4 per cent.

https://economictimes.indiatimes.co...rply-to-3-5-per-cent/articleshow/74834500.cms
 
(Reuters) - The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.

so .. this means they print dollar and give others to loan and and say their assets grows ? only Rothschild knows
 

soft_trader

Well-Known Member
(Reuters) - The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.

so .. this means they print dollar and give others to loan and and say their assets grows ? only Rothschild knows
If Zimbabwe prints dollar, they goes bankrupt. US printing dollar and their asset grows. Fantastic definition of economics.
 

travi

Well-Known Member
(Reuters) - The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.

so .. this means they print dollar and give others to loan and and say their assets grows ? only Rothschild knows
you should see the definition of QE also :DD

It is like your own pant pocket can give infinite loan to your shirt pocket.
 

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