IndianMarketPulse-Investment Advice

You may also refer this portfolio to start your investments using SIP route for buying stocks at different price and time points. Investing in this portfolio will help you diversify your investments and reduce the risk. MORE WILL UPDATE SOON!!

On the back of this improved performance and technical structure, we are recommending a buy for short to medium term. BHEL  posted stellar performance in Q1FY19. During Q1FY19, its net profit zoomed 93 percent to Rs 156 crore from Rs 81 crore on a YoY basis on 8 percent higher income of Rs 5,790 crore. Its order booking increase by two and half time to Rs 4,371 crore compared to Rs 1,744 crore in the corresponding quarter last year. BHEL has a total order book of Rs 117,000 crore by end of Q1FY19.  It has formed small inverted head and shoulder pattern on the daily chart which is bullish in its nature. On the back of this improved performance and technical structure, we are recommending a buy for short to medium term. MORE WILL UPDATE SOON!!

About the Company: Elgi Equipments (Elgi) manufactures a complete range of compressed air solutions including a wide range of air compressors. It is the second largest Indian player (~22%) only behind global market leader Atlas Copco Globally, it is the eighth largest player commanding ~1.3% market share. Its manufacturing facilities are spread across India, Europe & America. Investment Rationale: Indian manufacturing cycle uptick to strongly benefit Elgi:  India's compressor market is pegged at ~ 4,000 crore, implying a 4% share of the global air compressor market. Elgi has a domestic market share of 22.3%, second to Atlas Copco India (~33%). India & exports contributed  894.5 crore (~55.7%) to the total consolidated topline reporting steady growth of 12.6% YoY. Sustained turnaround in foreign subsidiaries remains key -  Elgi has several foreign subsidiaries in key markets like the US and Europe. Faced with stiff competition and continued losses, Elg...

Traders can buy the stock around current level and add on dips around Rs 242-244 with a stop loss below Rs 235 for the target of Rs 270. After making a marginal consolidation, Torrent Power has given a breakout above Rs 246-247 levels on Tuesday with higher volumes. The daily Relative strength index (RSI) showing positive momentum and (+) DI trading above (-) DI whereas OBV –on balance volume showing upward momentum and MACD trading around zero line with positive crossover, which indicates that the stock has the potential to move higher. Traders can buy the stock around current level and add on dips around Rs 242-244 with a stop loss below Rs 235 (closing) for the target of Rs 270. MORE WILL UPDATE SOON!!

We recommend traders to accumulate IGL in the range of Rs 279 to 275 with a price target of Rs 320 – 340 levels respectively. A stop loss should be placed below Rs 250 on a closing basis. After forming a strong base near Rs 240, Indraprastha Gas (IGL) saw a spectacular run-up during late June 2018 through early August 2018. Subsequently, it witnessed a decent profit booking and corrected towards Rs 273 – 275. Looking at the daily chart, the previous daily resistance of early June 2018 which was acting as a strong resistance had reversed its role post breakout and is likely to provide strong support. The daily RSI (14) is approaching towards the 40 levels. Hence, we recommend traders to accumulate IGL in the range of Rs 279 to 275 with a price target of Rs 320 – 340 levels respectively. A stop loss should be placed below Rs 250 on a closing basis. MORE WILL UPDATE SOON!!

We recommend buying Tech Mahindra for the upside target of Rs 730 and keeping a stop loss placed below Rs 665. Tech Mahindra has broken out from the downward sloping trendline, adjoining the high of June 28, August 1 and August 14, 2018 on the daily chart by closing above the Rs 675 levels with higher volumes. The short-term moving averages are trading above the long-term moving averages, indicating a bullish trend. The momentum indicators and Oscillators are indicating strength in the stock for the short to medium-term. Technology as a sector is doing well and looking good for the short-term. Therefore, we recommend buying Tech Mahindra for the upside target of Rs 730 and keeping a stop loss placed below Rs 665. MORE WILL UPDATE SOON!!

The stock can be bought at current level and on dips to Rs 183 with a stop loss below Rs 178 for a target of Rs 210-215 levels. After hitting an all-time high of Rs 213.85 in the month of October 2017,  L&T Finance Holdings witnessed correction down to Rs 145-140 levels. It has seen consolidation between Rs 186 and Rs 140 odd levels for nine months and formed a base. After a strong rally from the bottom of the base to Rs 186 levels, the stock has been consolidating in a narrow range between Rs 186 and Rs 172 levels for last three weeks. On Monday, the stock witnessed a breakout from the pattern with momentum and volumes indicating buying participation in the stock. The daily MACD line has given positive crossover with its average and the weekly line has moved above equilibrium level of zero suggesting consolidation phase is over and resumption of the uptrend. Thus, the stock can be bought at current level and on dips to Rs 183 with a stop loss below Rs 178 for ...

The stock can be bought at current levels and on dips to Rs 580 with a stop loss below Rs 560 and a target of Rs 675 levels. RBL Bank  had witnessed rally from low of Rs 274 in September 2016 to high of Rs 600 odd levels in May 2017. Since then the stock has been consolidating its gains Rs 600 and Rs 450 levels to form a base. For the last six weeks, the price has seen range bound between Rs 590 and Rs 550 odd levels. Yesterday stock witnessed breakout from this short-term consolidation with momentum and volumes indicating buying participation in the stock. The price has given a breakout from Bollinger band on the upside with the expansion of band on daily chart suggesting the start of the fresh uptrend and likely to see a breakout from major consolidation pattern. MACD line on the daily chart has given positive crossover with its average after turning up from equilibrium level of zero. Thus, the stock can be bought at current levels and on dips to Rs 580 with a stop...

MORE WILL UPDATE SOON!!

  MORE WILL UPDATE SOON!!

With the second half of expiry and truncated weeks, often than not, these additional trading intervals like the ones in August manages to push a lot of Option Buyers into undue losses.   With the second half of expiry and truncated weeks, I couldn’t help but share my learnings in Option selling. Because more often than not, these additional trading intervals, like the ones in August, manage to push a lot of Option Buyers into undue losses. I say undue because the price action favors, yet the time value decay creates a bigger dent to not end up making any money. The solution lies in slight aggressive alteration to the directional options trading. We are all fairly familiar with the basic time value decay handling mechanism. Like not carrying over Long(bought) Options over the weekend or creating spreads essentially Buy a Call/Put Option sell higher call/ lower Put of the strike close to the target, in case the view is positional to fund the decay in the time value of ...

We expect the bank to maintain its stable asset quality over FY19-20 due to overall improvement in the rating profile of its corporate book and declining risk weightings of its vehicle-finance book. For   IndusInd Bank, the strategic Bharat Finance deal would be synergistic in the medium term. Growth would be primarily driven through the focus on the retail portfolio, as management intends to re balance  the corporate- and retail-book ratio to 50:50 (from 60:40). Credit growth grew 29.4% y/y in Q1-FY19, driven by secular growth across all segments, led by corporate (up 30% y/y), vehicle and retail (both up 28% y/y). We expect 26% loan growth in the medium term. Asset quality improved with slippages easing to 1.26% of loan book (down 83bps y/y, 111bps q/q) and credit cost softened to 55bps. MORE WILL UPDATE SOON!!

Investor looking for a high quality business with consistent earnings growth, this stock offers the best in class investment opportunity to buy at the current levels. HDFC Standard Life | CMP: Rs 462 | Target: Rs 672+ | Return: 45% We believe Insurance space is the next rising sector, driven by structural factors such pick-up in the economy, increasing share of insurance products within financial assets, increasing working population and growing urbanization will be key to the growth of insurance sector. Considering optimal scale of operations, efficient use of distribution channels (bank support), healthy persistency ratios and higher new business mix from protection business drives future growth. On valuation per se, it is trading 6x MCap/EV and trading in premium valuations to its listed peers while we expect this to sustain and the stock to deliver steady returns over the medium term to long term. Investor looking for a high quality business with consistent earn...

The stock can be bought at current level and on dips towards Rs 275 with a stop loss below Rs 265 and a target of Rs 320 levels. Phillips Carbon Black has been in a long-term uptrend as it was forming higher tops and higher bottoms on the weekly and monthly chart. It hit an all-time high of Rs 319 in January this year and then saw major correction towards Rs 188 levels. Since then the stock has seen consolidation between Rs 275 and Rs 188 levels to form a double bottom pattern on the weekly chart. In the last couple of weeks, the stock has rallied with a bullish long candlestick formation and high volumes which indicates buying participation from lower levels. The price has given a breakout above the neckline in Thursday’s session. Weekly MACD has given a positive crossover with its average after turning up from equilibrium level confirming the breakout on the upside. Thus, the stock can be bought at current level and on dips towards Rs 275 with a stop loss below R...

The stock can be bought at current level and on dips towards Rs 246 with a stop loss below Rs 237 and a target of Rs 300 levels. On the long-term monthly chart, Intellect Design Arena is seeing major rounding base formation between Rs 278 and Rs 96 levels for almost three years. Coming to the lower time frame, the stock has seen a breakout from sideways consolidation between Rs 227 and Rs 170 odd levels. In the last three sessions, the stock has seen a strong rally with huge volumes which indicates buying momentum in the stock. It has crossed and closed above the resistance zone of Rs 226-232 levels. Strong momentum and the overall chart structure suggests that the stock is likely to cross its all-time high of Rs 278. Thus, the stock can be bought at current level and on dips towards Rs 246 with a stop loss below Rs 237 and a target of Rs 300 levels. MORE WILL UPDATE SOON!!

The stock can be bought at current level and on dips to Rs 275 with a stop loss below Rs 265 and a target of Rs 330 levels. After hitting high of Rs 298 in January this year, Deepak Nitrite has been consolidating between Rs 280 and Rs 215 levels for the past seven months. The price has seen a strong momentum and high volumes this week which indicates participation from lower levels. It has now closed at a breakout level. The price has also given a breakout from Bollinger band on the upside with the expansion of band on daily as well as the weekly chart indicates that the stock is likely to rally from current level. The stock can be bought at current level and on dips to Rs 275 with a stop loss below Rs 265 and a target of Rs 330 levels. MORE WILL UPDATE SOON!!

IndianMarketPulse maintains buy rating in above stocks and can be added in portfolio for potentially higher returns on yearly basis. Whereas Jet Airways is Exit from Portfolio.   MORE WILL UPDATE SOON!!

One can buy OFSS at Rs 3970-3950 with stop loss of Rs 3750 for the target of Rs 4300-4350.   Currently Oracle Financial Services Software (OFSS) is trading above short term, midterm moving averages which shows strength in the scrip. It has given breakout with spurt in volume which is showing upside momentum in coming sessions. Indicators and oscillators are lending support to its price action. Formation of strong bull candle suggesting positive rhythm in the scrip. By looking at these factors one can buy OFSS at Rs 3970-3950 with stop loss of Rs 3750 for the target of Rs 4300-4350. MORE WILL UPDATE SOON!!

As of now, point of polarity is giving cues to accumulate this stock at lower levels.   After hitting the peak of Rs 800, United Spirits slipped lower towards its previous resistance which should be acting as a support and chances of developing of demand is higher as it was 200 WMA too. As of now, point of polarity is giving cues to accumulate this stock at lower levels. The RSI also seems to be bottomed out near the oversold zone which can club with the divergence in RSI on weekly chart. As long as it sustains above Rs 540, possibility of moving on upside is higher and it can hit our first target of Rs 720 and second target is Rs 750 with an ease from current levels. MORE WILL UPDATE SOON!!

One can buy this scrip from the bottom line of Flag mast which comes around Rs 405-410 levels with the stop loss of Rs 373 for the target of Rs 450 and Rs 470 levels. R Cap  has been running in a falling channel since long and bottomed out near its support channel line and formed a tweezers bottom at lower levels. As of now, it has been forming pole and flag pattern on daily chart since last few days. Sustainability of RSI above 50 and positive crossover in MACD above reference line are giving cues of breakout on the upside. One can buy this scrip from the bottom line of Flag mast which comes around Rs 405-410 levels with the stop loss of Rs 373 for the target of Rs 450 and Rs 470 levels. MORE WILL UPDATE SOON!!