Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. A morning walk down Dalal Street: Stay cautious & avoid entering fresh positions >
  5. A morning walk down Dalal Street: Stay cautious & avoid entering fresh positions

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

A morning walk down Dalal Street: Stay cautious & avoid entering fresh positions.


Date: 31-07-2018
Subject: A morning walk down Dalal Street: Stay cautious & avoid entering fresh positions
What a day for the Indian market! Bulls have taken complete control of D-Street as Sensex hit a fresh record high of 37,533 while Nifty rose above 11,300 levels for the first time to hit a record high of 11,328.

The street ramped up PSU Bank stocks and the industry facing private sector banks after results from Bank of Baroda and ICICI bank enthused investors.

The most positive development, however, was the advances outnumbering declines for the sixth day on the trot, a phenomenon, which the markets have not seen earlier in 2018.

Overall, the markets have resumed the inherent uptrend, and the momentum looks like it is here to stay in the near-term.

Analysts advise investors to remain cautious at the current juncture and would not advocate entering fresh positions at this point

For today, investors will also keep an eye out for the Federal Reserve's Federal Open Market Committee which will embark on its two-day meeting on Tuesday

On the macro front, the government will release infrastructure output data for the month of June on Tuesday

Big News:

On the earnings front, as many as 108 companies will declare results for June quarter which include names like Ajanta Pharma, Bank of India, Bharat Electronics, Castrol India, Dabur India, Mahanagar Gas, Tata Motors, Vedanta, and V-Guard.

Ajanta Pharma: PAT likely to fall by 8.3% to Rs 235 crore

Bharat Electronics: PAT likely to fall by 19% to Rs 100 crore

Castrol India: PAT likely to rise by 23% to Rs 169 crore

Tata Motors: PAT likely to fall by 12% to Rs 852 crore

Dabur India: PAT likely to rise by 29% to Rs 360 crore

Vedanta: PAT likely to rise by 15% to Rs 1757 crore

Technical View:

Nifty made a Hanging Man kind of pattern but requires confirmation

It indicates that there could be some consolidation or correction going ahead but it requires some confirmation.

Three levels: 11200, 11350, 11480-11500

Max Call OI: 11500, 11400

Max Put OI: 11200, 11300

Stocks in news:

D-Mart operator, Avenue Supermarts, posts 43% rise in Q1 net profit to Rs 250 crore

Tech Mahindra Q1 disappoints, cons PAT falls 26.5% (QoQ) to Rs 898 cr; Vineet Nayyar retires

IndiGo operator InterGlobe posts 97% fall in Q1 profit on higher fuel prices, forex impact

Technical Recommendations:

We spoke to HDFC Securities and here’s what they have to recommend:

Godrej Industries Ltd: Buy| LTP: Rs 642.50| Target: Rs.715 | Stop-Loss: Rs 580 | Return 11%

Sterlite Technologies Ltd: Buy| LTP: Rs 342 | Target: Rs.400 | Stop-Loss: Rs 296 | Return 17%

Endurance Technologies Ltd: Buy| LTP: Rs 1,334| Target: Rs.1,500 | Stop-Loss: Rs 1,190 | Return 12%

Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-06-2020
Notification No. 08/2015-2020-DGFT
Amendment in Export Policy of Alcohol based Hand Sanitizers

Date: 01-06-2020
Public Notice No. 07/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Public Notice No. 09/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Trade Notice No. 13/2020-21-DGFT
Implementation of MoU between India and Mozambique for import of pigeon peas and other pulses grown in Mozambique during 2020-21

Date: 01-06-2020
Instruction No. 08/2020-Customs
24x7 Customs Clearance at all the Customs Stations - reg

Date: 29-05-2020
Circular No. 26/2020-Customs
Review of Circular No. 17/2020 dated 03.04.2020 namely, 'Measures to facilitate trade during the lockdown period- section 143 AA of the Customs Act, 1962'

Date: 29-05-2020
Notification No. 48/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 28-05-2020
Notification No. 07/2015-2020
Amendment in Export Policy of Paracetamol API

Date: 28-05-2020
Instruction No. 7/2020- Customs
Special drive for disposal of applications for fixation of Brand Rate of Duty Drawback.

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001