Stock to Watch for Monday: CapitalHeight

Stock to watch: capitalheightDredging Corporation of India slipped towards 480 Jan 2019. For the last ten Days, the stock has been trading in the range of 480 to 422 and formed a flag and pennant chart pattern on the daily charts.The price has been moving around 20-day moving average for the last couple of days and is consolidating around in the range of 435 to 470.

The RSI has given positive crossover on the daily chart suggesting price is likely to see a breakout on the upside. We recommend traders to take LONG positions in the DREDGE CORP around 451-453 levels with a stop loss below 434 for the targets of 468-485.

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News Highlights:

  • India’s industrial production (IIP) saw a meagre growth of 0.5 percent in November as against 8.1 percent in October, data released by the statistics office showed. Factory output, measured by the Index of Industrial Production (IIP), is the closest approximation for measuring economic activity in the country’s business landscape.
  • IT major Infosys’ reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter.

Market Commentary:

The SENSEX declined 97 points, 0.27 per cent, to 36,010, with as many as 21 in the red and the rest in the green. Its NIFTY counterpart settled at 10,795, down 27 points, or 0.25 per cent, with 16 stocks up and 34 down.

ITC, UPL, WIPRO, IOC, HINDALCO were the top gainers among Nifty 50 stocks while INDUSINDBK, TATA MOTORS , INFRATEL, TCS, YES BANK were the top losers.

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CapitalHeight FUTURE PREMIUM 26 Nov – 30 NOV 2018






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Give Missed Call at +91 830-630-830-8

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CapitalHeight Super HNI FUTURE SEGMENT 26 Nov – 30 NOV 2018

Super HNI Future






Live Stock Market Tips

Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

Breaking News: Don’t Panic its Buying Opportunity in the Market


Traders, no need to panic about today’s sell off in the market as the market remains bullish in the long-term. Today, Nifty closed below 8150 sheds nearly 60 points and Bank Nifty sheds nearly 230 points on weak global markets. But it is just a profit booking for the last rally and nothing is alarming. Nifty has strong support near 8010 and market will rebound from support levels. One can average his positions on the support to increase profit. Top sectors to invest in is Manufacturing companies, FMCG and logistic companies.

Give Missed Call at +91 830-630-830-8

Top 12 stocks in focus: Coal India, Dr Reddy’s Laboratories, RCOM

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Dr Reddy’s Laboratories: The company has inked a pact with Teva Pharmaceutical and an affiliate of Allergan Plc to buy a portfolio of eight abbreviated new drug applications (ANDAs) in the US for $ 350 million (around Rs 2,300 crore) in cash.

Coal India Ltd: The Board of Directors of Northern Coalfields Limited (“NGL”), subsidiary, at its meeting held on June 11, 2016 has considered and approved the buyback of 401827 fully paid equity shares of face value of Rs. 1000/- each from the members of the Company on a proportionate basis through tender offer (representing 22.62% of the total number of equity shares in the paid-up share capital of the Company) for an aggregate amount not exceeding Rs.948.72 crores (”Maximum Buyback Size”) being upto 25% of the paid-up equity share capital and free reserves as on financial year ended March 31, 2016, at a price of Rs. 23,610.04 per equity shares payable in cash.

Reliance Communications: The company is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, says report.

Tata Steel: Chief Minister of Odisha, Naveen Patnaik inaugurated the 100-bed Tata Steel funded Super Specialty Eye Care Hospital at Samarjhola village under Hinjilicut block of Ganjam district.

HDFC: HDFC has announced its plans to raise Rs. 1,000 crore from debentures to fund business growth model.

Canara Bank: The bank is set to raise Rs5bn this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, says report.

Intellect Design Arena Ltd: The company is reportedly planning to raise around Rs3bn.

SBI: The company has set up a crack team to prepare a framework for amalgamation of five associate banks with itself, says report.

PVR: The company has earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones, says report.

Vedanta: The company is reportedly planning to acquire coal mines via auctions.

Jet Airways: The airline has announced new direct flights from Mangaluru to Sharjah in UAE from August 7, says report.

Give Missed Call at +91 830-630-830-8

Top 10 stocks in focus: NMDC, HDFC Bank, RCOM

Top 10 headlines

NMDC: NMDC board has approved buyback of 20.2% equity shares at Rs.94/share.

L&T: L&T has announced that it has signed contract to build stadium in Qatar for 2022 FIFA World Cup.

Moil: The board of directors of the company has approved 20.7% share buyback at Rs.248 per share.

Kwality: The board of directors of the company to consider preferential allotment of securities on June 14.

Bank of Baroda: The bank hikes 1-year MCLR from 9.30 percent to 9.40 percent w.e.f June 7.

Godrej Properties: The real estate company has partnered with AR Landcraft to develop 100 acre township project in Greater Noida

Ramky Infrastructure: The company has announced that it has bagged orders worth Rs. 612.88 Crores.

Alphageo: The company received Letters of Award of Contracts from ONGC for an estimated value of Rs. 1482 crore.

HDIL: HDIL is planning to sell two land parcels outside Mumbai that could garner around Rs. 750 crore, according to reports.

IOC: IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms., according to reports.

Reliance Communications: RCOM which has been looking to create a 50:50 joint venture with Aircel promoted by Maxis Communications, expects to close out the deal by the end of June, according to reports.

HDFC Bank: HDFC Bank reduced its one-month marginal cost lending rate (MCLR) to 8.95 percent from 9%.

NTPC: NTPC  does not have any plans now to buy back its own shares, given the company’s low cash position and ambitious capital expenditure plan, according to reports.

Give Missed Call at +91 830-630-830-8

Market Status

Advances                1422

Declines                  1408

Unchanged               175


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