BUZZING STOCKS FOR COMING TRADING SESSIONS

Nifty50 has rallied about 13 percent so far in FY19 and if experts are to be believed, it is on track to hit fresh record highs in FY20. This year also, Nifty has formed a new base in the 10,600 – 11,000 zone and has been witnessing pre-election rally in the last few weeks.If the momentum in market continues, Nifty could touch 12,000 and hit a target around 12,400-12,700 in the next 12 months, we advise long-term traders to use any decline towards 11,000 as a buying opportunity

BUZZING STOCKS
ICICI Bank: Buy| LTP: Rs 393| Target: Rs 490| Stop Loss: Rs 343
Sun Pharma: Buy| LTP: Rs 464| Target: Rs 640| Stop Loss: Rs 405
Pidilite Industries: Buy| LTP: Rs 1225| Target: Rs 1500| Stop Loss: Rs 1108
DCB Bank: Buy| LTP: Rs 203| Target: Rs 260| Stop Loss: Rs 170

STOCK REVIEW OF WEEK(18-22)MARCH 2019

SRF hits new high in weak market; climbs 25% in three monthsMaruti Suzuki extends fall on production cut report; down 7% in four daysLarsen & Toubro nears 52-week high after Mindtree stake buy; stock up 3% Aviation stocks extend gain; SpiceJet surges 33% in two days. Kansai Nerolac Paints slips nearly 5% after CLSA downgrades to sell.In the BSE 500 index, which gained 9 percent in 1 month, 30 stocks rallied in the range of 30 percent to 99 percent, which also include stocks that singed in September and October due to factors such as corporate governance issues, liquidity crisis and mixed earnings.Suzlon Energy, Manpasand Beverages, Dilip Buildcon, Edelweiss Financial, CG Power, Bombay Dyeing, Adani Power, Allahabad Bank, Mahindra Holidays, NBCC, IRB Infrastructure, Just Dial, ICICI Securities, Kalpataru Power Transmission and Can Fin Homes were among the top 30 stocks.On hopes of Modi government returning to power, FIIs are also in a bullish mood.After the clarity on the election results and earnings pickup, we feel, FIIs will do historic investments this yearThe most favoured stocks in this run were among midcaps and smallcaps.In Nifty50, top four stocks were from PSU segment. They were HPCL (up 35 percent), IOC (up 29 percent), BPCL (21 percent) and NTPC (21 percent) while the rest five among top 10 stocks were from banking and financial segment. Yes Bank, Bajaj Finserv, IndusInd Bank, ICICI Bank and SBI gained 15-17 percent.

STOCK MARKET REVIEW OF WEEK 12-15 MARCH 2019

The S&P BSE Sensex pared gains in late trade after hitting a top of 38,254 during the day on March 15. The index rose above 38,000 for the first time since September 17, 2018.The Nifty50 also reclaimed 11,400 for the first time since September 18, 2018.NiftyBank touched yet another record high of 29,520, led by gains in Kotak Mahindra Bank, IDFC First Bank, SBI, PNB, Federal Bank, Bank of Baroda and ICICI Bank.Even RBI relaxed the PCA norms for Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Allahabad Bank & Corporation Bank subject to continuous monitoring. This would help in credit growth for some of these PSU.Liquidity has given ammunition to the bulls to charge ahead. Foreign investors have poured in more than Rs 14,000 crore in Indian markets so far in March while domestic institutional investors have pulled out nearly Rs 7000 crore in the same period.Nifty formed a bullish candle on the daily charts which also resembled a ‘Shooting Star’ kind of pattern while on the weekly charts, the index formed a bullish candle.Formation of a Shooting Star pattern suggests a pause in momentum, but that still requires confirmation. If the index closes below 11,370 on Monday then further consolidation cannot be ruled out in the coming week.Contrary to this, sustaining above 11,370 levels the Nifty can make an attempt to target the zone of 11,550 – 600 levels in the week ahead.The short term traders are advised to be  neutral  on index and should shift their focus to stock specific opportunities.

WEEKLY STOCK MARKET REPORT

The Sensex fell 54 points, or 0.15 per cent, to end at 36,671, while the Nifty dipped 23 points, or 0.21 per cent to 11,035.In the last two weeks, escalating geopolitical tensions with the neighbourhood nation continued to dominate Indian equities, but broader indices remained resilient with Nifty50 index and BSE Sensex ending the month with marginal gains.All thanks to the foreign portfolio investors (FPIs) that infused over Rs 17,200 crore into Indian equities in February. In January, FPIs were net sellers in the Indian equities.Growing prospects of the Modi-led NDA government coming back to power in the upcoming general elections and improving the outlook for banks in the wake of remarkable improvement in asset quality recorded in the December 2018 quarter saw renewed buying interest in the Indian equity market.

WEEK(25 FEB-1 MAR) STOCK MARKET REVIEW

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The Nifty50 rebounded sharply on Friday, the first day of March series, on ease of geopolitical tensions between India & Pakistan. Global rally on likely US-China trade deal also lifted sentiment.The index managed to hold above 10,850 levels amid consolidation and formed small bullish candle on the daily as well as weekly chartsThe consolidation is likely to continue in coming sessions before the sharp move, experts said, adding 10,930 is the crucial levels for bulls, closing above which the index may move around 11,000 levels. Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation's economy from slowing further .