Traders Only

*It is the season of gifts and gifting traditions! Keeping up with the Diwali tradition, we’ve got quality stocks for you to invest in this Samvat 2075. This year, we’ve picked 4 quality stocks with reasonable valuation and high growth potential based on three key themes- Growth driven, Consumption stories and Diversification.*

*Here are the list-*

*1. UFO Moviez @300, Target 640, SL-250,Timeframe-6-10 months*

*2. Healthcare Global@200,Target 360,SL-160,Timeframe-9 months*

*3. Capacite Infra@200,Target 320,SL -160,Timeframe-1 year*

*4.IDFC Bank@35, Target 90,SL-Not required,Timeframe-3 years*

*Begin this Samvat with quality investments!*

_*Why Sensex crashed 850 points: Rupee, oil and three other factors*_

*Rupee at record low*: A falling rupee weighed heavy on investor sentiment. The local currency plunged to its fresh record low of 73.77 against the dollar early Thursday. The Indian unit on Wednesday crashed below the 73 mark against the dollar for the first time ever. The dollar index stood tall against other currencies, boosted by a spike in Treasury yields following upbeat US data and comments from Federal Reserve Chairman Jerome Powell that were seen as hawkish.

“Dollar dominated the last 24 hours as the rupee collapsed to a fresh all-time low on spot. Policymakers tried everything, monetary intervention, and verbal steroids and even tried to circulate rumours about an "oil window". Nothing worked. The RBI added fuel to fire by denying any attempts to introduce special dollar window for the oil marketing companies. Oil was on the boil, local equity and bond markets were under the hammer. If that was not enough, rising Italian credit spreads whacked the euro, further pressuring the rupee,” Kotak Securities said in a report.

*Boiling oil*: Brent crude was trading over $86 per barrel in morning deals while WTI crude was above $76 per barrel. Sajal Gupta, Head Forex and Rates, Edelweiss Securities, said, “Market has not reacted positively to steps taken by the government for stability in the rupee as they were perhaps not strong enough to address the key issue of short term demand. Most of the Asian and emerging currencies are calmer in past one month. Market is reacting strongly to Brent crude movements and with the current pace, 75 can likely be seen if crude touches 88-90 levels.”

*Rising bond yields*: Hardening bond yields are creating waves of panic in the domestic equity market. India’s 10-year bond yield was hovering above 8.18 per cent on Thursday against previous close of 8.11 per cent. Bond yields have spiked 84 basis points on a year-to-date basis.

*Foreign capital outflows*: Investors remained concerned over sustained foreign money outflows as Foreign Portfolio investors offloaded shares worth Rs 455.02 crore in October so far. They sold shares worth Rs 1,488.96 crore in September. However, their net investment stood at Rs 262.72 crore in August, as per data available with depository NSDL.

According to the data released by the NSE, FIIs were net sellers of Rs 2,056.87 crore in index futures and options segments, according to Wednesday’s data. FIIs were net sellers of index futures to the tune of Rs 699.54 crore and net sellers of index options worth Rs 1357.33 crore.

*US Treasury yields* reached multi-year peaks, with the 10-year note's yield at its highest since 2014 and maturities at the short end of the curve at decade highs after economic data on Wednesday bolstered expectations for the Federal Reserve to raise rates in December and beyond.

*Weak Asian* cues: Subdued Asian markets spoiled market sentiment too. Japan's Nikkei edged lower in choppy trade on Thursday morning as investors took profit from its recent rally to a 27-year high while automakers and technology heavyweights took limelight on news of technology tie-ups for self-driving cars. Nikkei225 was trading 0.46 per cent down at 23,999 while Hang Seng came down over 1.50 per cent at 26,628.64

USE BOUNCE TO EXIT UR LONG POSITIONS IN
DHFL
IBULHSGFIN
YESBANK
INFIBEAM

'Many mutual funds will collapse if IL&FS fails': Govt seeks Satyam-like takeover of IL&FS board
The government will take a Satyam-like approach to deal with IL&FS situation.

Govt seeks to supersede IL&FS board in Satyam-style takeover, proposes Uday Kotak as chairman The government's counsel told the NCLT that IL&FS' directors had "failed to discharge their duties" and that many mutual funds would collapse if IL&FS collapses

Nifty Pre market flat

*Economic Times*
*Business Standard*

Ø India wants to have trade deal with US: Trump
Ø Power tariff soars to a decade high of Rs 17.61/unit
Ø Tatas have grand plans for Bhushan Steel
Ø MF, WB and WTO seek removal of barriers to trade
Ø China to cut import tariffs on wide range of products
Ø India's 2018 monsoon rainfall below average
Ø Panel suggests investment in ETFs for 5-10 yrs
Ø Govt plans Methanol blending to cut LPG subsidy bill
Ø India may face shortage of drugs as supplies from Chinese companies dry up
Ø Government aims to achieve 1.5 million tonnes of additional pulses output
Ø Centre, states apportion Rs 290 bn IGST in Sept, Union govt to get Rs145 bn
Ø India needs to broad base talent pool of arbitrators: CIArb's Abrahams
Ø IL&FS secures lifeline as shareholders approve fundraising via debt, equity
Ø LPG cylinder price hiked by Rs 59; subsidised gas to cost Rs 2.89 more

*Business Line*
*Mint*

Ø US economic growth, rupee fall to boost India’s exports: Assocham
Ø Mumbai Police’s EoW files case against 300 NSEL members
Ø IRDAI allows distribution of all micro-insurance products via PoS
Ø BNP Paribas Cardif ready to extend support to SBI Life
Ø TechM bags ₹350-crore deal from 5 major ports
Ø Kalpataru Power bags orders worth ₹1,145 crore
Ø Edelweiss arm eyes Rising Sun’s 140MW solar assets
Ø Govt mulls stricter disclosure norms for independent directors
Ø CPSE ETF set to include shares of 11 companies
Ø BoB, Vijaya Bank approve merger proposal to create second largest PSU lender
Ø IL&FS to raise Rs 15000 crore, hike borrowing limit to Rs 35000 crore
Ø OVL, partners to pay $230 million in out of court settlement with Rosneft

*Financial Express*
*Financial Chronicle*

Ø Coal India to undertake “challenge” of 700mn-tn output aim for FY 2020
Ø CAIT urges Home Minister to amend select IPC sections to protect traders
Ø Protests planned at Vedanta’s final company meet in UK
Ø Govt sets up panel to review Competition Act
Ø DoT likely to approach Cabinet for 4G spectrum to BSNL, MTNL in November
Ø EPFO may make long-term investment in ETFs
Ø Unlisted cos’ new shares in Demat form from Oct 2
Ø Jeera prices to remain subdued in October
Ø IT, pharma set to do well in next few months
Ø Govt plans DBT of power subsidy for domestic users

DISCLAIMER-All my analysis is based on purely technical analysis.
Please consult your financial advisor before making entry/exit in any stock.

NIFTY-Strong Support at 10880 level, Below this 11600

Bank of india- close below 75 WEAK !

ITC- below 288 WEAK

RAYMOND- below 655 WEAK .

BANDHAN BANK-
SEBI doesn't allow Bandhan Bank promoters to sale stake because its a new listing, RBI wants Bandhan Bank promoters to cut stake.
Recent listing so cant say abt technicals bt monday will also be bad.
one should add it in portfolio at more decline

PNB - Pnb price at 2004-05 level.
can be added with sl of 44

BAJAJ FINANCE- At support zone buy if sustain above 2255
sell below 2150

BIOCON-weak below 680

VAKRANGEE- avoid these kinda stocks

YESBANK- Better to avoid

VIP- below 400 more weakness

ASHOKLEY- 105 coming

VIJAYABANK- EXIT , 30 may come

AMAR RAJA BAT- support 700, below this weak

HEROMOTO-WEAK below 2800 if it doesnt den may be bought

INDIGO- 790 is good support, above 800 buy,below 780 short

MARUTI- Maruti monthly sales tomorrow.
7155 may come below this 6700

JAMNA AUTO- below 65 weak

TATA STEEL- Buy only if sustain above 588

PTC - weak strong above 70

JUBILANT -below 700 weak

TRADING BETS

CEAT(F) - sell below 1115

BALKRISHAN IND(F)- Sell below 1155,Support 1000

TATA ELXI-Short below 1120

ASIAN PAINT- Sell below 1280 stop loss 1295

TITAN- Below 800 weak

SAIL -Below 67 weak

COAL INDIA-above 266 Good.
below 265 weak

AXIS BANK below 612 weak ..above 615 good

BANDHAN BANK
RBI has withdrawn the general permission to open new branches and it can now do so only with prior approval of the central bank.
+
RBI also orders freezing of remuneration of Bandhan Bank CEO Chandra Shekhar Ghosh for not meeting the licensing conditions

-IL&FS gets a lifeline.
-Bandhan Bank & promoter punished.
-Vakrangee faces scrutiny.

That and much more on today's All You Need To Know podcast.🎙

All You Need To Know On October 01, 2018 Bloomberg | Quint is a multi-platform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep exper

In 2018, the Indian Stock Market will rise with intensity greater than what was seen in 2017... Buckle up for the second phase of the mega bull run!

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