END OF THE DAY REPORT (23rd MARCH 2015):
Nifty holds 8,550; Metals gains, PSU Banks dips.
Market falls for the fourth straight day and ended flat to negative (marginally lower) amid choppy trading session for lack of fresh buying activity and volumes.
Nifty holds 8550 and ends 20 points lower, while the Sensex ended down 69 points at 28192.
HEADLINES FOR THE DAY:
- Glenmark Pharma dips after Delhi HC order for diabetes drug.
- TechM extends fall on stock split, ex-bonus.
- Tata Motors gain ahead of the board meet for the rights issue
- MRF proposes to invest Rs 4500 crore in its plants in Tamil Nadu over a period of 7 years.
- GMR Holding ties up Rs 1250 cr for GMR Infra rights issue; stock gains.
- Sugar prices bouncing off 5-year low soon; Shares of Shree Renuka dips.
- Coal India gains; HSBC downgraded the miner to “neutral” from “overweight.”.
- Bharti Airtel gains after announcing a partnership with Amazon Web Services to offer its cloud computing services to customers in India.
ON THE FLIP SIDE:
- Jindal steel stocks dips after the government rejected three bids for coal blocks and cancelled blocks of JSPL (Jindal steel and power) and balco were given to coal India.
- Amket group stock such as Amtek India, Amtek Auto and Ahmednagar Forgings hits new 52 weeks low in today’s trading session on NSE.
- BHEL has dipped ever since the govt. Announced plans to divest its 5 percent stake in the state-owned engineering major.
- KPIT Technologies down over 5 per cent each at Rs. 181 on weak Q4 outlook
- Tech Mahindra dips for the fourth straight day as stock turn ex-stock split and ex-stock bonus.
SOME STOCKS FOR NEXT TRADING SESSION:
- VIP Industries dips and break its important support level of 94.50 and given closing below it, further stock may fall. So, Sell VIPIND EQ below 93 targets 92/91.10/90.25 maintain a Stop loss limit of 94.50.
- Marico consolidate for the whole session if given breakout of 373.50 further upward moment can be expected. So buy Marico above 373.50 Targets 377.20/381/384.80 SL 369.
- European stocks fall as traders returned their focus to discussions on the Greek bailout deal and awaited upcoming comments by ECB (European Central Bank) President Mario Draghi.
- Australia stocks fall as all sectors ends in a red zone in today’s trading session.
- Asian shares started the week on a strong note after a weaker U.S. dollar helped fuel solid gains on Wall Street.
How to Trade the Stock Market
The Indian stock market seems very lucrative from the outside, but once you step into it, it’s like a roller coaster ride; it has lots of turns and twist that it will set your head spinning. So be careful.
Excellent way to invest in stock market firstly you want to learn about stock market investments; however, you might want to figure out if they are value for money first and really worth it. You don’t want to risk a lot of money and lose it.
Remember you always monitor your investments every end of week or month. Check what returns the fund has given you.
There is another savings vehicle to make money, and you may be advised to consider checking everything that’s available to you previous to you dive into stock investments – begin off steady – get an emergency fund then considers the riskier investment options that are available. Hope that helps market trader.
If you want to invest in the stock market, my own suggestion is:
- To know the basics of stock market, what’s index, how shares are valued, bonus, debenture, what’s dividend, etc.
- To understand how the stock market functions, there are so many different parameters that affect the share market, right from inflation to international crisis. You want to be able to judge these parameters to understand how the market will move up and fall down trend. If you have not enough time to give the market research just contact the best and nearest stock advisory company like Trifid Research that will give the best accuracy level market call and tips like Stock Tips, Option Tips and Nifty Tips as you interested.
- Study the major company you want to invest in. Technical and fundamental Research them, Don’t INVEST BECAUSE SOMEBODY SAYS YOU TO. It’s your own hard earned money; don’t let others decide where you should put it.
- Firstly go in for a list companies, Reliance, Birla, like Tata, etc. The big names are costly; but they are strong and will give you outstanding return in the long term.
- Don’t invest in small companies, in hopes of fast profits, these companies are mostly scam, and will crash down with all your money.
- Active market investor, don’t put your money where you are not sure.
- Don’t put more than 60 percent of your saving money in share market. It’s unstable and when it moves downward, you will lose funds if you have to cash your shares then.
- Invest in ‘Mutual Funds’ they are the safest route – They will invest your money into the stock market, and because they have professional knowledge and information your money is much safer with them.
To invest in share market you will need:
- A demat account with any approved depositary, because nowadays shares are traded in demat form onlyExample: HDFC , ICICI, SBI etc.
- You can trade throw a trader, in which case you won’t require a demat account, however beware the trader has full access to your funds and shares and can simply dupe you.
- To invest in mutual fund you will require getting your KYC done. You can check the details here:
Today Market Trend:
– USD is expected to strengthen against GBP and could see the level of 1.4875-50 in the coming session. COMEX Gold is expected to face selling pressure in a range of 1185-90. Nifty futures immediate support is at 8530, which seems to be a possibility in the coming session.
– Indian markets are expected to trade in closed range today. Tata Motors is expected to gain on the decision of pulling in funds through right issue. Bank stocks will be in focus after the market regulator Securities and Exchange Board of India said that banks will be able to convert debts of defaulting publicly traded borrowers into equity, which means, those companies who are not paying their interests on time to banks on the loans which they have borrowed, now banks can convert those loans or debentures to the equity shares and can sell them in stock markets. FIIs are looking positive towards Indian markets. RIL is expected to shed some points as they have given clarification and turned the news of acquiring Sun TV as “rumors”. Power generation, steel, cement and banking stocks will be in focus after the Rajya Sabha on Friday, 20 March 2015, passed the Coal Mines (Special Provisions) Bill 2015. Pharma stocks will be in focus after the Union Chemicals and fertilizers Minister Ananth Kumar on Friday, said the Government will soon come up with 10 pharmaclusters in the country. Pharmaclusters will be the area where special treatment will be given to pharma companies like rebate in tax and other simplified norms for them.