Nifty Closes Above 8650 as GST seems a Reality

Indian Market Outlook:

Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.

The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.

Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.

Open Interest Futures & Options Index Update:

On 28th of July, 

FII & Pro have sold 1909350 shares combined which is above the average of 705075. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is buy 5231025 shares, which indicates that big players have built long positions in market.

On 28th of July, FII & Pro have sold 4764525 shares combined which is above the average of

2920650. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is 574725 which indicates that a sell position has been created for the clearing.

FII & DII Cash Buy/Sell Activity:

Last trading day, FII have bought shares worth Rs. 1767 Cr and DII have sold shares worth Rs. 1074 Cr. Combined, net buying worth Rs. 693 cr was seen.

Since 1st July 2016, FII have bought Rs.10136 crores worth shares where as DII have sold shares worth Rs.6202 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 3934 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2988 Cr since 1st July 2016.

Disclaimer:

The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Nifty Closes Above 8650 as GST seems a Reality

Indian Market Outlook:

Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.

The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.

Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.

Open Interest Futures & Options Index Update:

On 28th of July, 

FII & Pro have sold 1909350 shares combined which is above the average of 705075. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is buy 5231025 shares, which indicates that big players have built long positions in market.

On 28th of July, FII & Pro have sold 4764525 shares combined which is above the average of

2920650. Important to note that yesterday was F&O expiry.

The total for the July expiry from the 1st July to 28th July is 574725 which indicates that a sell position has been created for the clearing.

FII & DII Cash Buy/Sell Activity:

Last trading day, FII have bought shares worth Rs. 1767 Cr and DII have sold shares worth Rs. 1074 Cr. Combined, net buying worth Rs. 693 cr was seen.

Since 1st July 2016, FII have bought Rs.10136 crores worth shares where as DII have sold shares worth Rs.6202 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 3934 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2988 Cr since 1st July 2016.

Disclaimer:

The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Sudarshan Chemical Share Price Breaks All Highs

Sudarshan Chemical has seen a tremendous rise in both the volume and the price. This surge is the result of Morgan Stanley Asia (Singapore) buying the bulk of Sudarshan shares. Morgan Stanley Asia bought 3, 64,070 shares of Sudarshan Chemical Industries at Rs 302.50 on the NSE, which was the prevailing price at that time. Also, the company has declared the dividend of Rs. 0.50 on each share.

Stock Watch:
Apart from the rise in volume, Sudarshan Chemical Share Price has seen the surge of over 7 percent on NSE while as the session progressed the scrip was trading at Rs. 322.55 with a rise of over 5.50 percent. Sudarshan Chemical share price made a new lifetime high and 52 weeks high of Rs. 332. It is fascinating to note that the scrip had recently made the lifetime high and 52 weeks high of Rs. 313.50 on 26 July 2016. This bulk deal has resulted in Sudarshan Chemical Share Price breaks its recently set high. Also, the volume has surged manifolds, from the Average Volume of 721803 for 20 days; it has turned over six lakhs. The stock is identified by Dynamic Levels as a Multibagger for the month. The stock is being traded in high volume and can yield significant returns.

About Sudarshan Chemicals:
Sudarshan Chemicals Produces and Develops a variety of high-quality organic and inorganic pigments and effect pigments for the coatings, plastics, cosmetics and specialty industries. The company has the expertise of over 60 years. The company has the presence in over 85 countries and has 750 employees with two production facilities in India.

Atul Share Price Surged by 2.54%

Atul share price saw a surge of over 2.54% while the volume went up 48%. This was caused because of the bulk deal in which IDFC Premier Equity Fund bought 183000 shares at Rs.1925 and SBI mutual fund bought 729000 shares of Atul at the same price. This further enabled the stock to jump from Rs. 1929(previous closing as recorded on 27th July) to Rs. 1960(on 28th July). As of now, Atul share price is trading at Rs. 1978 which is up by 49 points. The intraday high and low of the mentioned scrip is noted at Rs. 1994.00 and Rs. 1934.55 respectively.

Atul, incorporated in 15 September, 1947 by a legendary Indian, Mr Kasturbhai Lalbhai, dreamt to achieve large-scale employment, usher wealth in rural India and enable the country to be self-sufficient in its requirements of chemicals. The company serves customers in India and globally. The first manufacturing site of the Company – spawned over 1250 acres in Gujarat, India. The shares of Atul are listed both at National Stock Exchange and Bombay Stock Exchange.

On the other hand SBI Funds Management Pvt. Ltd. aims to bring into forefront, their expertise by thoroughly delivering value to the investors. They boast of a strong and proud lineage that roots back to the State Bank of India (SBI) - India's largest bank. SBI share price is currently trading at Rs. 297.30 (up by 0.47%). IDFC Premier is the kind of scheme that shall seek to incorporate long-term capital growth through an actively managed portfolio of predominantly equity and equity related instruments. It was launched in the year 2005.

ATUL Share Price forecast:
Dynamic Level research analyst has identified Atul as a multibagger, out of Top 500 Shares analyzed by Dynamic Research at the end of every month, for this quarter. The closest support level for the ATUL share price stands at Rs. 1880.00 while the closest resistance level stands at Rs. 2020.00. Atul share Price met its 52 week high few days back on 22nd July at Rs. 2298.80 and 52 week low of Rs 1186.00 on 25-Aug-15. ATUL has a market cap amounting to Rs. 5721.75 (Cr).For detailed information on the Atul share, visit Atul share price history.

Bajaj Finance Falls 4%, Trades 5 Times Daily Volume

NEW DELHI: Bajaj Finance share price dropped up to 4% in Wednesday's trade after it announced bonus share and stock split. The company traded 5 times daily volume in the first hour of trading today. Bajaj Finance’s quarterly results were announced on Tuesday and it was clear that it has given a bonus. The current volume traded on NSE stands at 318484.     
Bajaj Finance share price which is currently trading at 4.92 per cent, had declined 2.77 per cent to Rs 9,580 after the board had approved subdivision of equity shares with a face value of Rs 10 each to five shares with face value of Rs 2 each. Further, the board sanctioned issue of bonus shares with a face value of Rs 2 each for every one share held.
The firm said that the subdivision would help improve liquidity on the counter. Bajaj Finance expects to complete the process by 25th September.

Bajaj Finance share price performance: 

Bajaj Finance share price is currently trading at Rs.10,256, up 4.72 per cent on NSE. It opened at Rs.9790 from a previous close of Rs.9793.45.  According to Dynamic Levels Research Team, the closest Support Level of the stock stands at Rs.9515.40 while the closest Resistance Level reads at Rs.9989.90.

Bajaj Finance ranks amongst the Top 500 Shares as identified by Dynamic research team at the end of every quarter out of the 1700 Shares which are listed on NSE. The stock has strong fundamentals and it has not made any losses in the last 2 quarters, on the other hand its debt equity is recorded to be less than 2 and its pledge is below 25 per cent.

Kindly visit Bajaj Finance share price history to acquire more information on the stock.

Sun Pharma and Almirall Enter Into A License Agreement

Sun Pharma along with its wholly owned subsidiary and Almirall reported a licensing agreement which is based on the development and commercialization of Tildrakizumab for psoriasis in Europe. Tildrakizumab is an investigational IL-23p19 inhibitor presently being assessed in patients having moderate-to-severe plaque psoriasis. On 28thJuly, Sun Pharma share price is trading at Rs.820.10 up by 1.51%. The intraday high and low is seen at Rs. 827.00 and Rs. 809.05 respectively.

Under the conditions of the agreement, Almirall is supposed to pay Sun Pharma an initial upfront payment worth US $50 million. The studies of Phase-3 studies of Tildrakizumab have been completed. Sun Pharma will be considered eligible to secure development and regulatory milestone payments and, also, royalties on net sales and sales milestone payments, the terms of which are kept confidential. Almirall can lead European studies, and can take part in larger Global clinical studies for psoriasis indication subject to the conditions of theSun Pharma – Merck agreements, along with certain cost sharing agreements. Sun Pharma share price increased by 12.20 points since morning  and it will be leading the advancement of Tildrakizumab for other indications. Whereas Almirall will have right of first negotiation for certain indications in Europe.

Sun Pharma is inclined to growing their dermatology franchise, with Tildrakizumab as their first place investigational compound. They continue to frame their pipeline and capabilities in this important therapeutic area of utter unmet need. Additionally, the license agreement has a provision for possible co-promotion agreement at some point in the future, subject to certain conditions.

Sun Pharma share price
Dynamic Levels research team perpetually checks the movement of Sun Pharma share price. The scrip made its 52 week high and low at 966.00 (20-Aug-15) and 704.00 (24-Nov-15) respectively. Sun Pharma Share Price Forecast imparts all the significant support and resistance levels of the share.

Nifty Consolidates as GST Tabling Delayed, Fed Meet Eyed Today

Indian Market Outlook: 

Nifty enters a consolidation phase as it seems likely that tabling of GST bill in Rajya Sabha may be delayed. Nifty opened at 8640 and traded in a 20 point range for most part of the trading session before falling down by 30 points at close yesterday. It made a high of 8652 and this level as per Dynamic Levels suggests stiff monthly resistance. The Mid Cap and Small Cap stocks also gave correction yesterday. The notable exception was CNX IT which ended with minor gains.
The Top 5 gainers are Axis Bank, Power Grid, Yes bank, Tata Steel and HCL Tech.
Nifty is expected to open at 8605 as per SGX Nifty at 8:30 am IST, which is 13 points above the previous close.
 
Open Interest Futures & Options Index Update:

 


On 26th of July, FII & Pro have bought 636750 shares combined which is below the average of 705075.
The total for the July expiry from the 1st July to 26th July is buy 6656625 shares, which indicates that big players are building long positions in market.

 

On 26th of July, FII & Pro have sold 2895000 shares combined which is above the average of 2920650.The total for the July expiry from the 1st July to 26th July is 1763625 which indicates that a Buy position has been created for the clearing.

 

FII & DII Cash Buy/Sell Activity:

 
Last trading day, FII have bought shares worth Rs. 891.01 Cr and DII have sold shares worth Rs. 67.89 Cr. Combined, net buying worth Rs. 823.12 cr was seen.Last trading day, FII have bought shares worth Rs. 671 Cr and DII have sold shares worth Rs. 418 Cr. Combined, net buying worth Rs. 253 cr was seen.
Since 1st July 2016, FII have bought Rs.7964 crores worth shares where as DII have sold shares worth Rs.4975 crores in the cash segment.
FII and DII combined have a net buy worth Rs. 2988 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2988 Cr since 1st July 2016.

Disclaimer:
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022