30th November, 2018 Morning Brief

Market will open positively today in continuation of yesterday's bull run.

Nifty ended the November derivatives series on a strong note yesterday with a closing at 10858.7, 1st time after Oct. 1. INR below 70 a $ and Crude oil below $ 60 glittered the recent rally which haar opened the doors toward 11100 level though profit booking at higher is not ruled out.

🎯 News & Impact 🎯 

🎯 NBFC (DHFL, Edelweiss Financial, PFC, REC, Bajaj Finance, Indiabulls Housing Finance, Bharat Financial, Shriram Transport Finance, M&M Financial etc.) :
RBI provides liquidity relief to NBFCs, relaxing norms for securitisation transactions by NBFCs and minimum holding period for loans with 5-year maturity.
The Reserve Bank of India said that the minimum holding period requirement for NBFC originating loans, will now be set at six monthly or two quarterly instalments. Earlier, the holding period was 12 months. The revised rules were applicable for loans of original maturity of over five years. This will help housing finance companies, especially those who have longer maturity loans.

🎯 Infosys :
Infosys enables Citizens Energy Group to navigate next phase of its customer service transformation

🎯 Tata Motors-owned Jaguar Land Rover :
Company temporarily halted operations at its engine factory for a two-week production freeze in English Midlands.

🎯 Asian Oilfield Services :
Company received a contract worth Rs. 27.65 crore from ONGC to provide seismic data acquisition services in northern India.

🎯 ITI :
CCEA approved procurement quota to ITI by reserving 30 percent of procurement orders placed by BSNL, MTNL and BBNL for the company’s manufactured products and outsourced items.

🎯 Vodafone Idea :
CRISIL downgraded its rating on non-convertible debentures of Rs.6,000 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

29th November, 2018 Morning Brief

A gap up opening expected today as SGX Nifty is trading up by 95 points backed by strong gains in US markets yesterday.

US markets posted strong gains after a dovish tone from the Federal Reserve Chairman Jerome Powell fueled speculation the central bank may pause lifting interest rates next year.

Another green candle was plotted on the daily chart for Nifty50 yesterday. With a strong start, index will breach it's initial resistance of 10770 but may not cross 10850 level today. Today is the expiry day for November month expiry of derivative contracts.

🎯 News & Impact 🎯

🎯 TCS :
Company acquired U.S.-based consulting firm BridgePoint Group which caters to the financial services industry and retirement services.

🎯 GSK :
Company owns the popular milk drink brand Horlicks.

🎯 Cosmo Films :
Company decided to postpone the delivery and commissioning for a new production line for BOPET Film in Maharashtra by 8-10 quarters due to adverse market conditions.

🎯 Sical Logistics :
Company awarded contracts worth Rs. 363.38 crore by Mahanadi Coalfields for extraction of coal and allied transport services in Odisha. 

🎯 Indoco Remedies :
Company commissioned new API manufacturing facility in Maharashtra to enhance manufacturing capacity to 600 tonnes from existing 150 tonnes.

🎯 MLL :
Sold old vessel M. T. Vedika Prem for a consideration of Rs.28.54 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

28th November, 2018 Morning Brief

Market will open on a positive to flat note after 2 day's rally.

Market may face volatility on outcome of MP state assembly election poll today. 10770 and 10850 are the hurdles to the northward journey for the Nifty50 whereas 10600 will be the key support.

US markets turned positive on US - China trade relations.

🎯 News & Impact 🎯

🎯 IDBI Bank :
Competition Commission of India Approves LIC’s Acquisition of up to 51 percent equity stake in IDBI Bank.

27th November, 2018 Morning Brief

Market will open on a negative note today after a pull back rally.

Dow & S&P 500 both posted nearly 1.5 %gains whereas Nasdaq reported 2 %jump yesterday after last week’s sell-off.

Nifty50 recovered almost 100 points yesterday to regain 10600 level but failed to hold 10650 mark. It is interesting to see whether Nifty overcome 10650-10700 zone hurdle or not in coming sessions.

🎯 News & Impact 🎯

Major Results Today :
Rel Capital

🎯 Sun Pharma :
Company entered into a definitive agreement to acquire 100 percent stake in Japan based-Pola Pharma for $1 million.
Positive for the stock. 👍

🎯 Nava Bharat Ventures :
Company and its arm signed a contract with Tata Power Trading for power supply of 125MW to Telengana State Grid. 

🎯 Unichem Laboratories :
Company received EIR for post marketing adverse drug experience inspection by U.S. FDA.

🎯 IFCI :
Company received Rs.491.84 crore via NCLT on account of resolution passed by Binani Cements.

🎯 Linde India’s :
Acquisition from BOC Group, Praxair and Linde Holdings Netherlands BV triggered an open offer of its 25 percent equity stake to the public, payable by the acquirers amounting to Rs 589 crore if the full offer is accepted.

🎯 IL&FS Transportation Networks : Interest due and payable on November 26 on the NCDs was not paid to the debenture holders due to insufficient funds.
Negative for the stock.

🎯 Suzlon Energy :
Company has completed sale of Tornado to CLP and accordingly Tornado has ceased to be a subsidiary of the company.

🎯 Sunil Agro Foods :
Company has commenced commercial production on the expanded capacity.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

26th November, 2018 Morning Brief

Market will open on a flat positive note today.

The Nifty 50 lost around 250 points from its recent swing high of 10,774 to move near 10,500 in last trading session. The index is expected to be volatile in the coming week ahead of the expiry of November F&O contracts due next Thursday, experts said, adding the 10450 could be crucial support level for bulls.

Oil prices are trading near $60 ahead of weak demand and struggling financial markets.

🎯 News & Impact 🎯

🎯 Drop in crude oil prices will be positive for IOC, HPCL, BPCL, Jet Airways, SpiceJet, InterGlobe Aviation, Shalimar Paints, Apollo Tyres, MRF, Ceat, Asian Paints, Nerolac Paints.

🎯 Adani Enterprises :
Company incorporated a wholly owned subsidiary namely, Mundra Copper Limited.

🎯 Esab India :
Board declared an interim dividend of Rs. 90 per share. (Yield > 10% at CMP)
Positive for the stock. 👍

🎯 Infosys :
EdgeVerve Systems, a product subsidiary of company, successfully implemented the ProximityPayEdge Digital Payments solution, to provide RCB Bank's customers with a digital wallet for secure contactless payments.

🎯 IL&FS :
Company is unable to pay short-term deposit including interest worth Rs 218 crore due November 22.

🎯 Cairn / Vedanta :
Income Tax Department recovers Rs. 5,500 crore by selling company's shares in Vedanta. 

🎯 Shree rama multi tech :
Board decided to sell/ dispose of assets of Ambaliyara plant situated at Village Ambaliyara, Gujarat.

🎯 Virinchi :
Virinchi Hospitals commissions the first 'Out-reach Clinic' as a step towards pursuing its Hub & Spoke model.

🎯 GPT Infra :
Company bags order valued at Rs 81.50 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

22nd November, 2018 Morning Brief

Market will open on a positive-flat note today after consecutive fall on the second day yesterday. Nifty50 tried to test 10550 level but closed above it's important support of 10600 after making low of 10562.35. Nifty50 should sustain above 10630 to beat the down trend formed by last 2 days' pattern.

Mixed but flat closing in US markets also keeps anxiety in world markets to trade subdued today.

🎯 News & Impact 🎯

Results Update :
🎯 DHFL :
Company has reported 52.46% rise in its net profit at Rs.438.74 crore for the quarter ended September 30, 2018 as compared to Rs. 287.78 crore for the same quarter in the previous year. Total income of the company increased by 33.71% at Rs 3,519.22 crore for Q2FY19 as compared Rs 2,632.06 crore for the corresponding quarter previous year.

🎯 GMR Infra :
Company signed a concession agreement for development of commercial port in Andhra Pradesh.

🎯 Redigton India :
Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of the company, had acquired additional 24.8 percent stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company

🎯 Gujarat Ambuja Exports :
Company received National Green Tribunals order stating proceedings against the company’s maize processing unit at Uttrakhand have been dropped.

🎯 Huhtamaki PPL :
Company received closure directions from Maharashtra Pollution Control Board on Nov. 20 for its Thane Plant. 

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

21st November, 2018 Morning Brief

A flat to negative opening expected today tracking weakness in global markets.

US markets tumbled as as sinking oil prices hit energy companies, tech hardware continued to plunge with Apple leading the way and investors also remained on edge, with the International Energy Agency (IEA) warning of unprecedented uncertainty in oil markets due to a difficult economic environment and political risk.

Weak global cues and correction in technology stocks on rupee recovery hit market sentiment yesterday and Nifty50 posted 1% losses on the card. 10600 will be the immediate support and 10720 is an immediate resistance for the index.

🎯 News & Impact 🎯

🎯 Dr. Reddy :
Company’s had received regulatory approval to sell a generic version of the opiod treatment Suboxene Film before it was shut down by a federal judge.
Positive for the stock. 👍

🎯 HDFC Bank :
The bank acquired 4 percent equity stake in Clearing Corporation of India from Bank of Baroda for Rs 124 crore

🎯 Suzlon :
Company completed sale of two arms to Canadian Solar. The total consideration received for both companies stood at Rs 54.53 crore.

🎯 Minda Corporation :
Company has entered into definitive agreements with its joint venture partner, Furukawa Group of Japan.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

20th November, 2018 Morning Brief

A negative opening expected today on weak global cues.

Appreciation in the rupee, fall in crude oil prices and positive Asian cues helped the market rally yesterday.
Nifty50 has support at 10650 and resistance at 10850.

🎯 News & Impact 🎯

🎯 NMDC :
Company clarified that Donimalai mine’s lease had already been extended by the Karnataka state government for a period of 20 years with effect from Nov. 4.

🎯 PSP Projects :
Company bagged new institutional and industrial projects worth Rs.372.47 crore.

🎯 Kridhan Infra :
Company's Singapore arm won a construction order worth Rs 195 crore for link sewers from Singapore’s Public Utilities Board.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

19th November, 2018 Morning Brief

SGX Nifty indicates a gap-up opening today.

As mentioned, after breaching the resistance zone of 10600-10650, Nifty has inched towards 10700-10800 levels.
The Reserve Bank of India board discusses government demands to give up some surplus reserves and loosen liquidity norms for lenders today. Market participants will closely watch the outcome.

S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.

🎯 News & Impact 🎯

Results Updates :

🎯 Siemens (Q4CY18, YoY) :
Revenue up 25.4 % at Rs.3,939.2 crore.
Net profit down 55.2 % at Rs.279.2 crore.
Margin at 10.6 % versus 10.01 %.

🎯 Dr. Reddy’s Laboratories :
Company received zero observations from audit of formulations plant in Andhra Pradesh by the U.S. FDA.
Positive for the stock. 👍

🎯 Power Grid Corporation’s :
Board approved increasing shareholding limit of foreign portfolio investors to 35 percent of the paid-up capital.
Positive for the stock. 👍

🎯 Infosys :
Infosys completed the formation of joint venture with Singapore based global investment company - Temasek.

🎯 BSE :
The Bombay Stock Exchange has decided to snap ties with S&P Dow Jones and plans to develop indices through its own in-house development team.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

16th November 2018, Morning Brief

A positive opening expected today after strong closing in US markets yesterday.

A report saying Washington would pause further tariffs on Chinese imports, US markets gained for the first time in six days.

Nifty50 was successful to close above 10600 after an another volatile session yesterday. Now it should surpass 10660 level to achieve 10700 mark. Again 10540 and 10440 are the important support zones.

Banking (ICICI, Axis, SBI), Auto (Maruti), NBFC (Bajaj Finance) and OMCs (HPCL, BPCL, IOC) stocks may to trade higher on account of fall in G-Sec Yield, Oil price and USDINR. 
Watch on Metal stocks – Copper, Zinc and Aluminum price has gained on LME - Positive for Hindalco, Vedanta. We are positive on Jindal Steel and JSW Steel as well.

🎯 News & Impact 🎯

🎯 Jet Airways :
Indian government is said to have asked the Tata Group to rescue Jet Airways.

🎯 SRF Industries :
Company extends capex estimates from Rs.180 crore to Rs. 257 crore for enhancement and integration of agrochemical plant in Gujarat.

🎯 Lemon Tree Hotels :
Company signs license agreement for a 76-room property in Odisha. The hotel will be operational by March 2020.

🎯 Greaves Cotton :
Company promoter Karun Carpets acquired 1.3 lakh shares from Nov. 13-14.

🎯 Aarti Industries :
Company promoter sold 1.3 lakh shares from Nov. 13-14.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

15 Nov. 2018 Morning Brief

A flat positive opening expected today.

US markets fell as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives.

Asian markets are trading mixed in the morning trade today after U.S. equities declined and Treasuries stabilised following gains amid a renewed bout of risk aversion in American markets.

A volatile session ended with a marginal losses after a gap up opening. Nifty50 again failed to close above 10600 mark which clearly signaling lack of strength on higher level. 10600 and 10650 are the barriers for it's northward journey ahead and 10450 as an immediate support.

🎯 News & Impact 🎯

Results Updates :

🎯 Grasim (YoY) :
Revenue up 23.8 % at Rs.16,795 crore.
Net loss at Rs.1,446 crore versus net profit at Rs.524.9 crore.
Margin at 15.2 % versus 18.6 %.

🎯 Vodafone Idea (Q2, Consolidated) :
Revenue at Rs.7,664 crore.
Net loss at Rs 4,974 crore.
Margin at 6 %.

🎯 Ujjivan Financial Services (YoY) :
Net interest income up 33.8 % at Rs. 261.2 crore.
Net Profit at Rs.44.3 crore versus net loss at Rs.12 crore.
NIM at 12 % versus 10.6 %.
Loan book up 24.7 % at Rs.8,317 crore.
GNPA at 1.9 % versus 2.7 % (QoQ).
Positive for the stock. 👍

🎯 Thermax (YoY) :
Revenue up 38.2 % at Rs.1,427.6 crore.
Net profit up 30.2 % at Rs.74.5 crore.
Margin at 7.7 % versus 9.2 %.

🎯 Apollo Hospitals (YoY) :
Revenue up 15.3 % at Rs.2,090.1 crore.
Net profit up 11.4 % at Rs 79 crore.
Margin at 12.3 % versus 12.2 %.

🎯 Indian Hotels (YoY) :
Revenue up 13.2 % at Rs.964.5 crore.
Net Loss at Rs.5.2 crore versus net loss at Rs.57.7 crore.
Margin at 10.3 % versus 6.4 %.

🎯 Alkem Laboratories :
Company received no observations on Form 483, as the U.S. FDA completed the inspection at the company’s Bioequivalence Facility at Taloja, Maharashtra.

🎯 Kotak Bank :
ING Group seeks to to sell its entire 3.7 % stake in Kotak Mahindra Bank via block deals.

🎯 Sundaram Finance :
Sundaram Finance and Netherlands based Ageas Insurance along other with Indian shareholders signed an agreement, where by the Dutch company will acquire 40 % stake in Royal Sundaram General Insurance for Rs.1,520 crore, Sundaram Finance proposes to divest 25.9 % of its stake in insurance arm bringing down its holding from 75.9 % to 50 % for Rs.984.2 crore.

🎯 IOL Chemicals & Pharma :
Board approved enhancing of Metformin Unit for Rs.2.7 crore and completion of Clopidogrel Bisulphate and Fenofibrate for Rs.19.26 crore.

🎯 Kabra Extrusiontechnik :
Company announced the extension of its partnership with its German counterpart Battenfeld Cincinnati beyond 2026.

🎯 TATA Power :
Company's joint venture ‘Resurgent Power’ signed a share purchase agreement to acquire 75 % stake and 27 crore preference shares in Prayagraj Power Generation for Rs.6,000 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

14th Nov. 2018 Morning Brief

Market will open with a gap up despite flat mixed global cues.

Energy sector pulled the Dow index down yesterday. Recovery in tech stocks kept Nasdaq into green.

Crude oil prices dropped by 7 % on US exchange which can ignify the hope of recovery in the market.

Nifty Outlook :
Yesterday we have seen a smart recovery from the beginning of the session shrugging off massive losses in US markets. But Nifty50 could not able to surpass 10600 level and closed just at 10582.5 after making an intra day high of 10596.25.
Nifty50 has plotted a bullish piercing candle on the daily chart which signals temporary bullishness for the next session.
Nifty will sneak the 10600 level hurdle at the opening time but it will be interesting to see whether it will sustain above till the  end of the day. Next resistance would be around 10700 and 10850 levels.

🎯 News & Impact 🎯

Major Results Today :

Grasim, M&M

Results Updates :

🎯 Tata Steel :
Revenue up 34.1 % at Rs.43,544.1 crore.
Net profit up 4 times at Rs. 3604.2 crore versus Rs.975.9 crore.
Margin at 20.5 % versus 14.5 %.

🎯 Sun Pharma :
Revenue up 4 % at Rs.6938 crore.
Net loss at Rs. 219 crore versus profit of Rs. 912 crore.
Margin at 22.5 % versus 20.7 %.

🎯 Zee Entertainment Enterprises :
Company promoters plan to sell 50 % stake in the company to a strategic partner.

🎯 Hindalco :
Company said Novelis will invest $175 million to expand aluminium production and recycling capabilities in Brazil.

🎯 Sasken Technologies :
Company received assessment order from the IT department under section 143(3) of the Income Tax Act, 1961 with a Rs 68 crore has been raised as a tax demand.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

13th November, 2018 Morning Brief

A gap down opening expected today as SGX Nifty is trading down by 40 points tracking global markets.

US markets ended down with a fall in major indices by cracking financial as well as tech stocks led by Goldman Sachs and Apple. As a result, Asian markets have started on a negative note today.

Even after positive start yesterday, market failed to hold the steam and tumbled to end near intraday low after falling almost 1%. Nifty again failed to hold 10600 level and as it was indicating pessimism, Nifty collapsed ahead of IIP data and inflation figures. Nifty has made a long bearish candle on the daily chart yesterday.

🎯 News & Impact 🎯

Major Results Today :

Tata Steel, Sun Pharma, Ashok Leyland, Jindal Steel & Power, Engineers India.

Results Updates :

🎯 Coal India (YoY) :
Revenue up 22.3 % to Rs.22,198.1 crore.
Net Profit at Rs. 3,084.7 crore versus Rs 370.4 crore.

🎯 Eicher Motors (YoY) :
Revenue up 11.1 % at Rs.2,408.2 crore.
Net profit up 5.9 % at Rs.548.8 crore.
Margin at 30.3 % versus 31.5 %.

🎯 Aurobindo Pharma (YoY) :
Revenue up 7.1 % at Rs.4751.4 crore.
Net profit down 21.7 % at Rs.611.4 crore.
Margin at 21.6 % versus 25.2 %.

🎯 Aurobindo Pharma :
Company entered into an agreement to purchase research and development assets from Australia based Advent Pharma, which deals in complex specialty generics. 

🎯 HCL Technologies :
Company announced partnership with NetBrain Technologies to offer network visibility and network automation capabilities for enterprise IT teams.

🎯 NBCC :
Company received order for construction of Ayurveda Institute in Goa for Rs 260 crore. 

🎯 Lupin :
Company announced the launch of Atovane Oral Suspension USP launches in the U.S., after having received an approval from U.S. FDA earlier.

🎯 Shree Cements :
Company to add capacity in two plants located in Jharkhand and Odisha.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

12th November, 2018 Morning Brief

Flat negative opening expected today.

US market reported negative closing on Chinese economy slow down report. Asian markets trading in green territory after negative opening in the morning trade today.

Nifty50 plotted a hanging man type pattern on the daily chart on Friday. As mentioned on Friday, a continuous failure of Nifty50 to settle above 10600 mark shows an indication of exhaustion of current pull-up rally which contained almost 600 points. We can find out support around 10450 level.
A Rupee appreciation by nearly 50 paise against US$ was not welcomed by the market though. All eyes will be at IIP data and inflation figures which will be announced after market hours today.

🎯 News & Impact 🎯

Major Results Today :
Coal India, Eicher Motors

Results Updates :

🎯 TITAN :
Net profit growth at Rs.314.4 crore, up 2.9% YoY; operating margin falls to 10.6%

🎯 Wipro :
Wipro’s acquired entity Appirio launched a new office in Porto, Portugal to expand its European operations. 

🎯 Premier Explosives :
Company received arm license from Arms License Issuance Authority for manufacture of ammunition, propellants and compounds at greenfield Katepally plant in Telangana.

🎯 Orient Press :
Company received an approval from Maharashtra Pollution Control Board to restart manufacturing at Tarapur plant. 

🎯 ONGC :
Government plans to sell 149 fields of ONGC to private companies.

🎯 Biocon :
Company's Generic Formulations Facility in Bengaluru completes USFDA inspection with No 483 observations

🎯 Cipla :
Company receives final approval for generic version of Roche's Valcyte

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

9th November, 2018 Morning Brief

A flat negative opening expected on the track of weak global cues.

On the special session, a day before yesterday Nifty opened with a gap up and ended just below 10600 mark again. Failing to sustain and close above 10600 mark can show the exhaustion in the current pull-up rally.

The US Federal Reserve held interest rates steady on Thursday. Stocks fell and the dollar extended gains after the Federal Reserve left interest rates unchanged while confirming it was still on course to hike in December.

Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month, according to a Reuters report.

🎯 News & Impact 🎯

Major Results Today :
Titan, Indian Bank

Results Updates :

🎯 Aditya Birla Capital (YoY) :
Revenue up 33.1 % at Rs.3,590.5 crore.
Net profit down 12 % at Rs.197.9 crore.

🎯 Mannapuram Finance (YoY) :
Net Interest Income up 19 % at Rs.697.1 crore.
Net profit up 39 % at Rs. 222.2 crore.

🎯 GAIL :
Company awarded contracts worth Rs. 1,100 crore for feeder gas pipeline project in Assam.
Positive for the stock. 👍

🎯 Bharti Airtel :
Moody’s placed the telecom operator’s current rating of Baa3 on review for downgrade.
Negative for the stock.

🎯 Glenmark Pharma :
Company launched Phase 1 trial for its Bispecific Antibody, aimed to cure solid tumors.

🎯 Majesco :
Company entered into an agreement with Indonesia-based PT PFI Mega Life Insurance to develop management solutions.

🎯 PNB :
Government of India increased stake in Punjab National Bank by 5.83 % to take its shareholding to 71.92 %.

🎯 Mphasis :
Company to acquire U.S.-based Stelligent Systems for $25 million. 

🎯 NMDC :
Lease deed for Donimalai Mine renewed for 20 years by Karnataka State Government with effect from Nov. 04.

🎯 Eris Lifesciences :
Company increased stake by 6.71 percent stake in Kinedex with total consideration of Rs.10.7 crore.

🎯 JSW Steel :
Crude steel production increases 8 % to 14.47 lakh tonnes in October 2018 against 13.43 lakh tonnes YoY.

🎯  Stride :
Company enters into a strategic partnership with SUDA Pharmaceuticals for the US market.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

7th November, 2018 Special Session

A gap-up opening expected on the special session this evening. But profit booking expected on higher levels below 10700 mark.
US markets closed above half a percent yesterday and European markets are trading higher more than a percent today.

Nifty Outlook :

Nifty50 was struggling to sustain above 10600 in last four sessions which tremors the confidence of the bulls. It is advisable to wait and judge well before taking heavy positions in the current scenario.
10700 & 10850 are the obstacles whereas 10330 and 10000 are the support levels for Nifty50 in the coming days on technical parameters..
Bank Nifty also need a boost to surpass and close 26100 level though it is in a positive zone.
Other than fundamental scrips, there are some stocks to trade Positionally with a  technical view from Nifty 100 :

ABB sl 1283
Ashok Leyland sl 115
BoB sl 106
HclTech sl 995
HDFC Life sl 384
Idea sl 39.5
L&TFH sl 126
NIACL sl 216
Pidilite sl 960
Tata steel sl 565
Ultratech sl 3595

Best wishes.

© 2018 Sharp Investment & Financial Advisers

6th November, 2018 Morning Brief

A flat-positive opening expected in line with positive Japanese and US markets and as a higher Rupee opening against US$.

Nifty50 has plotted a hanging man kind pattern on the daily chart yesterday as it travelled in a short range and gave a negative closing.

🎯 News & Impact 🎯

Results Updates :

🎯 SBI :
Q2: Net profit was down 40.3% at Rs 944.9 cr vs Rs 1,581.6 cr.
NII was up 12.5% at Rs 20,905.7 cr vs Rs 18,585.9 cr, YoY.

🎯 Power Grid Corporation (Q2)
Revenue up 14.2 % at Rs.8283 crore.
Net profit up 7.9 % at Rs.2309.5 crore.
Margin at 84.2 % vs 89.3 %.

🎯 Coal India :
The Government of India reduced its stake in Coal India by 3.19 % to 75.13%.

🎯 HCL Tech :
Company tied up with Deutsche Bank to provide digital cheque processing platform to the bank.

🎯 Wipro :
Company tied up with Check Point Software to offer cloud solutions to the company.

🎯 Adani Gas :
Company plans to invest up to Rs.8,000 crore in five years.

🎯 Bodal Chemicals :
informed that the majority of dye intermediate operations have restarted

🎯 Siemens :
Competition Commission approves Alstom-Siemens deal.

🎯 Tata Motors :
Company inks pact with Gulf Oil.

Edited by Sharp
© 2018 Sharp Investment & Financial Advisers

5th November, 2018 Morning Brief

Market will open with a gap down in line with US markets and Asian markets.

Sharp recovery in the rupee, fall in crude oil prices and rising hope of trade negotiations between the world's largest economies US and China boosted investor sentiments on Friday, resulted into a strong move in Indian equity market. But profit booking ahead of festive season pulled the indices down to end up at day's low.

10700 & 10890 are the next resistance levels for the Nifty50. Whereas 10350 is the support.

US stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over US-China trade talks. 

🎯 News & Impact 🎯

New Listing :
Adani Gas

Major Results Today :
Gail, Cipla, Power Grid, State Bank of India, Bosch, PNB Housing Finance

Results Updates :

🎯 Axis Bank (YoY) :
NII up 15.3 % at Rs.5,232.1 crore.
Net profit up 82.6 % at Rs.789.6 crore.
Provisions at Rs. 2,927.4 crore versus Rs. 3,337.7 (QoQ).
GNPA at 5.96 % versus 6.52 % (QoQ).

🎯 ONGC (QoQ) :
Revenue up 3 % to Rs.27,989 crore.
Net Profit up 35 % to Rs.8,265 crore.
Margin at 56.4 % vs 54.1 %.
Positive for the stock. 👍

🎯 SAIL India (YoY) :
Revenue up 22.8 % at Rs.16,718 crore.
Net profit at Rs.553.7 crore vs net loss at Rs.539.1 crore.
Margin at 14.1 % versus 6.7 %.
Positive for the stock. 👍

🎯 Sun TV Network (YoY) :
Revenue up 10.9 % at Rs.749.6 crore.
Net profit up 23.4 % at Rs.351.3 crore.
Margin at 73.9 percent versus 73.4 %.

🎯 Bombay Stock Exchange (YoY) :
Revenue down 3 % at Rs.115.2 crore.
Net profit down 31.3 % at Rs.45.9 crore.
Margin at 8.9 % versus 28.6 %.

🎯 Laurus Labs :
Company announced the completion of U.S. FDA inspections of its Unit 6 API intermediate facility in Andhra Pradesh with one observation.

🎯 KEC International :
Company signed a sales purchase agreement with Adani Transmission regarding the sale of its entire subsidiary for Rs 227.5 crore.

🎯 Johnson Controls-Hitachi Air Conditioning :
Company plans to invest Rs.140 crore in setting a development center.

🎯 Strides Pharma Science :
Company announced the completion of inspection by the U.S.FDA at its flagship facility in Bangalore with zero Form 483 observations.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

2nd November, 2018

Market will open on a positive note with a gap tracked by positive Asian and US markets as Trump, Xi lift hopes on resolving trade row.

A volatile session ended on a marginal loss though it was inched up in the morning.
Nifty50 failed to cross its resistance of 10450 and it is interesting to see whether it will cross the resistance zone of 10450-10500.

US markets had positive sentiment after President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.

🎯 News & Impact 🎯

Major Results Today :
Axis bank, PNB, Hindalco, IOC, NTPC, BSE

Results Updates :

🎯 Hind Petro :
Revenue down 0.2 % to Rs.67,518 crore.
Net profit down 36.5 % to Rs 1,092 crore.
Company will shut its crude unit in Mumbai refinery in January-March 2019 for 10 days.

🎯 GlaxoSmithKline Consumer Healthcare (Q2, YoY) :
Revenue up 14.4 % at Rs.1,272 crore.
Net profit up 43.2 % at Rs.275.5 crore.

🎯 DLF (Consolidated; YoY) :
Net profit up 26 % to Rs.375 crore. Revenue up 35 % to Rs.2,139 crore.

🎯 TCS :
Company acquired W12 Studios, an award-winning digital design studio based in London.

🎯 Goodyear India :
Company will be shutting down its manufacturing plant in NCR and the boiler operations of the plant from Nov. 4 to Nov. 10 in response to Environment Pollution Authority’s public notice.

🎯 Gallantt Ispat :
Power purchase agreement between Uttar Pradesh Power Corporation Limited and the company has been executed. 

🎯 Deepak Nitrite :
Company commenced operations at its phenol and acetone plant.

🎯 ITD Cementation :
Company received complaint regarding alleged irregularities in disposal of scrap. Resulted into 3.6 crore loss.

🎯 Eicher Motors October auto sales: Royal Enfield sales up 1 % at 70,451 units versus 69,492 units; exports fall 72 % to 407 units versus 1,478 units YoY.

🎯 HeroMotoCorp October auto sales: Total sales rise to 7.3 lakh units versus 6.3 lakh units YoY.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers