Analyst View

BSE Sensex can touch 41,500: CapitalAim

Indian Markets can outperform emerging markets as expectations run high from newly elected BJP government. While analysts are divided over near term outlook for Indian markets, investors would remain upbeat about Indian markets in next 3-6 months. Markets will also depend on global cues.

Views from Mr. Romesh Tiwari, Head of Research, CapitalAim have been shared below.

Markets are expected to trade in a wide range of 2-3% before the trends of results, in the afternoon, comes out. Consensus on the big upward rally on the victory of BJP lead NDA can be used for unwinding long positions on market heavyweights like Reliance, HDFC, SBI etc.

Indian Market Could Correct After Election Results

Markets cheered the win for ruling BJP in the elections. However, markets have been rising over the last few weeks. On May 23, as the results started confirming BJP win, Indian markets touched their all time high with BSE Sensex crossing 40,000 for the first time.

Comments from Mr. Abhijeet Bajpai, Co-founder & CEO, Avighna Trades...

Its a big win for BJP and the markets are relieved that the economic policies will not divert in any contradictory manner because of new government. NDA's win was largely factored in by the markets and the actual result in general is not a big surprise.

Election Outcome will lead Indian Markets next week

Indian markets will depend largely on election results for the short term. The elections have left the market participants in confusion about the outcome. Markets prefer to have stable government and the outcomes of elections will decide the short and medium term trend for the markets.

Nifty on the daily chart has formed a piercing pattern as bulls return despite clouds of volatility. A week that was turning out to muted saw a sharp recovery in indices and Nifty on last trading session to soar and close above 20 Days MA at 11407.

Yes Bank could find support at lower levels of 125 - 126: Epic Research

Yes Bank has suffered a lot in the last few months. The leading private sector bank has been facing lot of negative news and the latest quarterly results have turned it bearish. The stock could move slightly down from current levels and long term investors can buy at declines.

Prices are in a bearish trend. Since the last few quarters stock has been in the news. Due to concern over its Balance sheet, Asset quality, exposure to IL&FS, Directors and now RBI appointing an additional director for two years.

If not explicit its implicitly a concern for investors and anyone who is looking to hold the stock for the long term.

Indian Markets will take direction from Q4 Results and Global Cues

The Benchmark Nifty50 started the week on a negative note due to some profit booking from higher levels and remained range bound in the short trading week, as markets were closed on Monday and Wednesday. It traded between the range of 11800 to 11650 levels on daily charts.

Nifty is consolidating around higher levels but could not sustain above important levels of 11800. Traders are cautious of general elections as now the elections have entered its midway. However, the slowdown in economic growth could be a matter of concern for traders & investors. Once Nifty sustains above 11800 levels then we could see a further uptrend in it but if it does not sustain above this level then there could be fall in Nifty till the support of 11550 levels.

Indian Markets Remain Range-bound this week

Nifty traded in a small range of 150 points for the week and closed above 11700 with a negative candle on daily and weekly chart. BANKING and AUTO stocks showed recovery from recent bottom vise versa IT & NBFCs corrected from their recent highs, due to election results range bound movement is still expected on INDEX whereas stock specific volatility is expected. Stocks like BATA INDIA, ADANI PORTS, WIPRO trading around their 52 weeks high can show correction from high levels, one need to be stay more cautious while taking stock specific position till election result announcement. Bull run is expected according to chart formation any dip should be taken as buying opportunity.

Small Cap Stocks in Indian Market on our Watch List

While large investors and institutions bet their money on large cap stocks, majority of small and medium investors make their money from mid-cap or small cap companies. Large caps are considered safe bets but small caps and mid-caps offer better returns if the companies perform as expected.

TopNews team has been keeping a keen watch on some mid-cap and small-cap companies. Most of these stocks are fairly priced and in many of these cases, the stock valuation is low due to concerns over management.

Yes Bank could offer buying opportunity around 130 levels: CapitalAim

Yes Bank stock suffered a major decline in the stock market on Tuesday after the bank reported first ever quarterly loss. The bank reported a loss mainly due to write-off related to IL&FS exposure. Market analysts are expecting that Yes Bank stock could drop even further and touch 52-week low. Buying right now may not be the best strategy as the stock could offer opportunity at lower levels.

As per views of Mr. Manish Yadav, Head of Research, CapitalAim, after steep fall of stock to 165 level, we would advise short term traders to avoid buying at current levels and look for buying opportunity only around 130 levels for a bounce back.

Crude Oil & Final Phases of Elections Could Lead to Volatility

A fourth straight week of consolidation as Nifty is oscillating between 11550 - 11800 amid uncertainty, heightened VIX, Lok Sabha Elections and Rising crude oil. All this points to a Tug of war scenario between bulls and bears.

It was a fourth straight week we have seen Nifty strolling between 11550 to 11850. Nifty bank was on the contrary down with some marginal loss. VIX is trading above levels of 21. This is a clear indication of Divergence in sentiments of bulls and bears. This also points to weak breadth we have observed. With Expiry of the series this week, it was a play ground for option writers who used volatility in their favor to eat the premiums.

Indian Markets Look Strong After Nifty Takes Support from Lower Levels

Nifty rebounded taking support from its previous swing lows along with short covering ahead of expiry. A rebound was seen as buying emerged at lower levels in various sectors such as Banks, Energy, IT, Financials and PSUs. There was also some buying which was seen in small cap and midcap.

As Nifty goes to expiry tomorrow, It was a decisive day for bulls with Index sustaining the supports placed at 11600. In the early morning session, we did see some consolidation but buying emerged as options data pointed to addition in 11600 PE. the range for the market which was large of 11600 - 11700 is now pointing to somewhat between 11650 - 11750.

Reliance Industries Results Could Offer Momentum to Markets

Nifty forms a Star pattern on the weekly chart as profit booking at higher levels was observed amid a shortened week. Nifty marked a new all-time high of 11856 while Nifty bank also made a new all-time high of 30669. Backed by the improved breadth and bullish sentiment Nifty was seen positive as it breached the bullish continuation formation it had been in the last few days.

Global markets were trading in a very small range amid indecision as there was also some profit booking despite a better than expected number from China of Industrial Production and Retail Sales and US manufacturing Index as well.

Indian Markets Look Strong with Nifty bullish upside range of 11800-12200

After hitting all-time high of 11761 in the Benchmark Nifty50 last week, Index is now consolidating in a range. Nifty50 benchmark has formed higher high for the seven consecutive weeks but on RSI front it formed a negative divergence along with stochastic moved in an overbought territory which led profit booking in the past sessions.

The present consolidation phase will indicate a fresh uptrend resuming in the near future. The index shall resume its uptrend since no major change in stance before election, its structure of higher high and higher bottoms shall continue in near future.

Indian Stocks Look Strong on Fresh Breakout

Indian markets have gained momentum in the recent weeks as global cues offer strength to local indices. Nifty posts biggest gain of the year as it moves beyond 61.8% mark on a closing basis with a breakout that may last for few coming weeks. This is the biggest gain Nifty has posted on a weekly basis since this year has started or since November last year keeping short sellers and bears trapped at lower levels. Positive global cues, comfortable inflation data, and Increase in FII's investment kept bulls in charge for the last 4 weeks. Global cues were largely positive with better than expected Core retail sales and retail sales numbers from the US and improved GDP numbers m/m from GB along with higher manufacturing production taking out the clouds of Brexit.

Indian Market Volatile after geopolitical tension between India and Pakistan

Volatility shoots up as it inches up by 10% amid rising concerns on Geopolitical front though market sustains the lower levels with Nifty sustaining the 10800 levels. A gap down open amid the Surgical strike by IAF caused traders to be pounded by negative sentiments but Nifty managed to recover quickly from lower levels.

The markets may not respond negatively since we do not have that kind of trades with our neighboring country like Pakistan. We believe this will be a non-event for the market since when we look at history we see wars that have been extended to 3 months of time. So that was a different time and in fact at that point of time, Indian Nifty managed to fetch a 35% return.

Indian Market Outlook by Epic Research

Nifty declines more than a percent as the range trade continues among the slew of economic and global events that can give fuel to volatility. A bloodbath in Media Stocks and Auto stocks while selling pressure in real estate space, Midcap, PSU saw a cut of more than 1% to 3%. Global markets were also muted after the last few weeks as profit booking was seen with leading indices such as DJIA, S&P500, and FTSE witnessing profit booking.

The week started off on a positive note with the assumption of a possible beginning of a trend but muted volatility and key resistances were seen holding their importance as we consolidated for a 6th consecutive week.

Sunteck Realty Recommended by ICICI Securities and Axis Capital

Sunteck Realty has been recommended by three brokerages. The company has been showing good sales record for its apartments. Brokerages have raised priced target for Sunteck Realty considering future sales growth expectations.

ICICI Securities: We retain our BUY rating on SRIN with a revised target price of Rs513/share. We like SRIN because it: (1) enjoys strong brand recall in Mumbai, (2) has strong balance sheet with net debt of 0.2x, and (3) rejigged strategy of advancing monetisation of its Goregaon ODC land parcel by building annuity assets.

Pre-Budget Expectations for 2019: Epic Research

As India heads for elections in few months, the last budget for the current government could end up as a budget for the people. Markets are expecting some positive announcements from the Finance Minister in the upcoming budget. Epic Research has offered its expectations from Union Budget for the next year.

The budget has always been an event when we expect volatility to expand with perception to safeguard the portfolio and hedge the overall risk in the market we see a lot of activity in the derivatives. This budget is no different than previous but the fact remains it is coming in an Election year.

Comments on Massive Decline in Indian Stock Markets by Rahul Sharma

After massive decline in the U.S. stock markets on Wednesday due to trade-war worries and rising interest rates, markets across Asia opened with major decline. Indian markets opened nearly 3 percent lower and at one time BSE Sensex declined more than 1,000 points. Commenting on the strong movement in Indian stocks, Mr. Rahul Sharma, Sr. Technical Research Analyst, Equity99 said that Indian markets could see volatility in near term.

Indian Market triggers for next week will be IIP data and Quarterly results: Epic Research

Market triggers for next week is IIP data and Quarterly results

Indian markets scaled new highs this week as many companies posted strong quarterly results and global markets were buoyant. Investors are expecting markets to remain strong and select counters have witnessed renewed selling after sell-off seen few weeks back. Markets could face a correction as well but all that would depend on global cues.

Nifty posts a third week of continued gains taking positive cues from the global market, falling crude oil prices and FII coming back to Indian equity market. Nifty made a fresh all-time high yet again for a third consecutive week of 11495.20 while profit booking dragged it lower to close it at 10429.

RBI policy will lead Indian Markets during coming week: Epic Research

RBI policy will lead Indian Markets during coming week: Epic Research

Indian Markets have been buoyant during the week, helped by strength in the global markets. Indian maA Fresh new all-time in benchmark indices with Nifty hitting 10283 while Sensex breached 37K mark to hit 37368.62. Backed by buying in broader indices, positive global cues, and strong rollover numbers indices managed to close near the day’s high. Heavyweights lead the rally again while sectorial indices with higher weight like Pvt. banks, Energy, FMCG, and Metals were shining 1% - 2.5%.

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