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Stay light and avoid creating aggressive longs

“After an extended weekend, our markets kicked off new trading week on a cheerful note, owing to favorable cues from the global peers. However, post the opening, the index came off a bit within a blink of an eye and then slipped into a consolidation mode for the remaining part of the day. Eventually, the index closed tad above the ... Read More »

IPO Note- Godrej Agrovet Limited

“Godrej Agrovet Limited (GAVL) is a leading Agri-business company operating across five different business verticals i.e. Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry & Processed Foods. GAVL is the largest crude palm producer in India. Company is the 4th largest animal feed producer in Bangladesh through its 50:50 JV ACI Godrej.   Outlook and Valuation: At the upper ... Read More »

Short rollovers suggest limited upside

“We started-off the week on a strong note, as point out by the global bourses.  However, these gains were short lived since fresh selling got attracted thereafter and eventually we witnessed a range-bound move to conclude the session with gains of 0.72%.   As far as today’s Nifty options activity is concerned, apart from some build-up in 10100 strike; we ... Read More »

Short term tide turned for market; use rallies to exit longs

“Today’s session kick started on a positive note citing to favorable cues from the global bourses. However, during the initial hour, our markets were still in yesterday’s hangover as we saw Nifty hasten below the 9700 mark.  Eventually, the Nifty managed to recover quite smartly from day’s low; courtesy to F&O expiry factor that came into picture in the latter half. As ... Read More »

Rollovers not in favour of optimistic traders

“The benchmark index posted a new high in the mid of September series; but, this was followed by massive selling which again pulled Nifty towards recent lows.   September series began on a light note; however, we witnessed huge open interest addition during the series. Open interest surged 25% series on series and looking at the daily OI activity it ... Read More »

Short term traders should avoid bottom fishing

“It was certainly a terrible day for the bulls as we saw lot of hopeful buyers entering the market after Nifty opening with an upside gap beyond the 9900 mark and then tumbling severely throughout the session to shed nearly 200 points from the day high.   This is a typical behavior of the market when enters a strong corrective ... Read More »

Nifty to retest recent low of 9685 soon

“Friday’s massive sell off was followed by a flat opening in our markets. However, this was the only moment; bulls had their presence as once again we saw Nifty tumbling within five minutes of opening trade. Eventually, the Nifty ended yet another session on a weak note by shedding nearly a percent from previous close.   Last couple of day’s ... Read More »

iance Home Finance (RHFL) listed today and it is trading at 4.6x FY2017 book value

“Reliance Home Finance (RHFL), carved out from Reliance Capital Ltd., got listed today and at the closing price, it is trading at 4.6x FY2017 book value.   RHFL has grown its loan book from INR 3,135cr in FY2014 to INR 9,994cr in FY2017, which has registered a phenomenal CAGR of 47%. The management is targeting a loan book INR 50,000cr in the next ... Read More »

Indian markets correct amid concerns surrounding fiscal stimulus

“Indian markets corrected as the local and global news flows has been negative. Globally, Fed’s almost certain rate hikes next month as well as China downgrade and rising geopolitical tensions between the US and North Korea hit the investor sentiment. The finance minister’s statement of providing Rs 50,000cr stimulus package to fight the slowdown also was seen negative by the ... Read More »

Move beyond 10179 – 10058 would dictate the near term direction

“Our markets had a quiet start as indicated by the SGX Nifty early in the morning. However, we witnessed a sharp decline of nearly 100 points from day’s high in merely 15 minutes towards the tail end of the initial hour. Despite this, index managed to reclaim the 10100 mark as we saw decent recovery during the remaining part of ... Read More »

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