Money Champs-BNIFTY NIFTY

MamaEarth IPO is back

Last time they wanted a Rs 24,000 cr valuation on a  profit of 24 cr

This time they asking for a Valuation of Rs 10,500 cr on a net loss of Rs 151 cr

Acquisition cost of

Kunal Bahl : ₹3
Rohit Bansal : ₹3
Rishabh Mariwala :₹6
Shilpa Shetty : ₹41

But they dumping this stock at Rs 308 to the public.

TAKE CARE OF YOUR CAPITAL

🟢 *PRE-MARKET ANALYSIS (26/10/2023)*

*NIFTY:*

Max Open Interest:
Calls: 19500
Puts: 19000

Daily Expected Range : 18,870 - 19,370

Top 10 Stocks to watch Today

Axis Bank: Axis Bank Ltd on Wednesday reported a net profit of ₹5,863 crore in the second quarter of FY24 registering a 10% growth from ₹5,329.8 crore in the corresponding quarter of last year. NII during Q2FY24 rose 18.9% to ₹12,314.56 crore from ₹10,360.26 crore YoY. NIM for Q2FY24 was 4.11%, up 1 basis point QOQ and 15 basis points YOY, according to Axis Bank's filing exchange.

Tech Mahindra: Tech Mahindra posted a staggering 62% drop in net profit in the September quarter, rounding off what was one of the worst quarters for this industry in the past five years, barring the Covid-disrupted period. Its revenues for the period were at $1.55 billion, down 2.8% sequentially in constant currency terms, while net profit fell 29.3% sequentially, and a whopping 62.5% from a year earlier to $59.5 million.

TCS: Information technology (IT) major Tata Consultancy Services (TCS) has been issued a notice by the Ministry of Labour and Employment of Maharashtra over a complaint of delayed onboarding of “200 lateral recruits", a report by Moneycontrol said on Wednesday. The labour department has issued a notice to TCS officials to meet department officials and discuss the matter on November 2 at the Pune labour department office.

IRM Energy: IRM Energy's IPO listing date has been scheduled for Thursday, October 26 on NSE and BSE, as the company has switched to the T+3 listing norm. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of IRM Energy share price was indicated at ₹537 apiece, which is 6.34% higher than the IPO price of ₹505.

NTPC/Engineers India: State-owned NTPC Ltd on Wednesday signed an agreement with Engineers India Ltd (EIL) to work jointly on projects like carbon capture utilization and storage, and green fuel among others. Besides its R&D centre will also undertake joint projects on green fertilizers, bio-fuels, decarbonization, waste handling, water, and ash with EIL, NTPC said in a statement.

Jubilant Foodworks: Jubilant Foodworks Ltd on Wednesday reported a 26.1% decline in its consolidated net profit to ₹97.20 crore in the second quarter ended on September 2023. The company had posted a consolidated net profit of ₹131.53 crore in the July-September quarter of the previous fiscal. Its revenue from operations during the quarter increased 5.15% to ₹1,368.63 crore against ₹1,301.48 crore in the year-ago period, it added.

Welspun India: Home textiles major Welspun Living Ltd on Wednesday reported a multi-fold rise in consolidated net profit to ₹200.41 crore for the September quarter. The company had posted a net profit of ₹8.33 crore in the year-ago period, according to a regulatory filing by Welspun Living.

Indus Towers: Indus Towers recorded a net profit of ₹1,295 crore in Q2FY24, which is 49% higher than ₹872 crore reported in the year-ago period, as per the unaudited consolidated financial results released on October 25. The company's revenue during the September 2023 quarter, however, dipped by 10% on-year, as it came in at ₹7,133 crore as compared to ₹7,967 crore reported in the September 2022 quarter.

IHCL/Chalet Hotels/EIH: The hotel industry will report double-digit revenue growth in FY2024, supported by the sustenance of domestic leisure and business travel and an increase in foreign tourist arrivals, rating agency Icra said on Wednesday. The industry has also benefitted from the G20 summit and ongoing ICC World Cup 2023, it added.

Sona BLW Precision Forgings: Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Wednesday reported a 34% rise in net profit to ₹124 crore in the September quarter. The company had recorded a profit of ₹93 crore in the year-ago period, the company said.

NIFTY AND BANK AT SUPPORT

IF NIFTY RESPECT 19180-19200

AND BANKNIFTY RESPECT 43000-43100 AND REGAIN 43500 ABOVE THAN HUGE SHORT COVERING POSSIBLE...

LUPIN 1200 ce (nov exp )
Above 28
TGT 34- 38- 42+++

JMFS ViewPoint: BankNifty Outlook for 24th Oct’23:

- Long : Short Ratio is at 26% : 74%
- VIX at 10.91
- FIIs outlook positive for indices & stocks

- Aggressive OI additions of more than 1 L contracts seen in 43300/43500/43600/43700 CE with highest OI on the CE side at 44000 CE with 2.32 L contracts

- On the PE side, immediate high OI is at 43000 PE with 1.44 L contracts followed by 42000 PE with 1.89 L contracts

- Intraday resistance at 43500 and immediate support at 43000 below which 42500/42000 can be tested

- All spot levels

🎯 View: Crucial resistance for the series drops to 44000; Sell on rise outlook to continue; Close below 43000 spot will drag BN towards 42000

Stay cautious👍

Key stock updates

LUPIN

Company has received approval from the US FDA for its Abbreviated New Drug Application for Fluconazole Tablets USP to market a generic equivalent of Diflucan of Pfizer, Inc. This product will be manufactured at Lupin’s Pithampur facility in India.

Godawari Power & Ispat Ltd

Board meeting to be held on 03 Nov 2023 to consider and approve the proposal for sub-division of the equity shares of face value of Rs. 5/- each of the Company in such manner as may be determined by the Board of Directors

LTIMindtree

Company, has announced that it has won the prestigious Golden Peacock Award in 2023 for its sustainability efforts. The award affirms LTIMindtree’s organizational strategy, stakeholder engagement, and commitment to environmental and social impact.

Adani Ports and Special Economic Zone

Company has incorporated a wholly owned subsidiary company “Udanvat Leasing IFSC Limited” on October 23, 2023. Udanvat shall carry out business of owning and leasing of Aircraft

Siemens Limited

Company has filed Petition before the Hon’ble Bombay High Court challenging Show Cause Notice (SCN) issued by the GST authority worth of Rs. 246,95,48,687/- (Tax, Interest on the date of Notice and Penalty)

Tech Mahindra Limited

The company's U.S.A. unit approved divesting 30% holding in Avion Networks Inc. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed by Oct. 31

SIGNATUREGLOBAL (INDIA) LIMITED

The company entered into a sale deed for acquiring a land parcel measuring approximately 25.75 acres in Gurugram, Haryana, for the development of a group housing project.

Shoppers Stop Limited

Company has further made investment aggregating to Rs. 5 Crores in the preference share capital of GSBBL (Global SS Beauty Brands Limited formerly known as Upasna Trading Limited), by way of subscription to Rights Issue of additional 500 NOCPS of Rs. 1,00,000/- of GSBBL.

Trident Limited

Board approved appointment of of Mr. Vinod Kumar Goyal as Chief Executive Officer for Yarn Business from October 23, 2023. He has more than four Decades of work experience in Textile industry wherein he worked with the Vardhman Textiles Limited and SEL Manufacturing Company Limited. He has rich experience in Yarn Business

Delta Corp

Delta Corp said Bombay High Court has directed tax authorities not to pass any final orders on the show cause notices the company had received.

Mahindra Logistics

Mahindra Logistics posted net loss of Rs 15.5 crore for the quarter ended September. Revenue from operations stood at Rs 1,365 crore.

Fired to 830+++🚀🚀🚀🚀🚀

BUY BANKNIFTY 26 OCT
43800 PE

260-270
SL 240
TGT 345-390++

Momentum pick

IRCON

🔸Buying range: Rs. 154-157
🔸 Target: Rs. 166
🔸 Stoploss: Rs. 144
🔸 Timeframe: 14 days

BankNifty Outlook for 17th Oct’23:

- Long : Short Ratio is at
- VIX at 11.07
- FIIs outlook is rangebound to positive for indices & slightly negative for F&O stocks

- BNF witnessed unwinding of OI to the tune of 1.4% + its PCR_OI at 0.83 indicating an indecisive outlook

- Aggressive OI additions seen in 44000 PE to the tune of 0.58 L contracts & total OI now of 1.60 L contracts which is the highest on PE side indicating support

- On the CE side, aggressive OI added in 44200/44300 with each more than 0.60 L contracts indicating minor resistances

- Highest OI on the CE side is at 44500 CE with 1.78 L contracts

- Immediate resistance is in the band of 44500 - 44700 followed by series’ crucial resistance of 45000/100

- Support is at 44000/43900 band

- All spot levels

🎯 *View:* Wait for the immediate crucial resistance band of 44500/44700 to break to initiate any intraday longs up to 45000/100; Support is at 44000

▶️ *Actionable:* Buy above 44750 spot for TGT of 45000/100 & (that time) keeping a SL of 44400 (spot levels)

Pure Hero Zero


Buy midcpnifty 9200 Pe cmp 18-23

Target double triple

Full advance level provided in Advance 🔥🔥

38 to 48 🚀

lot size 200

2000 rs gained in just 2 minutes ✅

🚀Book or Trail 👍

Asianpaint 3100 pe
Above 32
Tgt 39-47++
Sl near buying price

*NIFTY Outlook & Actionable 16Oct’23*

*NIFTY: 19751.05 (-43 Pts.)*

👉🏼India VIX: 10.62%

👉🏼FII Long/Short Ratio at 27:73

👉🏼Nifty Futures witnessed long unwinding to the tune of 4%

👉🏼Adv: Decline ratio more or less neutral at 23:27

👉🏼Nifty specific FII Activity noted selling in futures (276 Crs.) & selling in options (3054 Crs.) indicating mildly positive outlook

👉🏼Highest OI at 19800/ 19900 CE (1.26 Lac/1.07 Lac contracts) and 19700/ 19600 PE (1.29 Lac/ 1.01 Lac contracts) indicating a narrow trading range.

👉🏼OIPCR for 19Oct expiry at 1.02

🍁 *NIFTY View* : A squeezed trading range for Nifty as per the options OI data indicate that consolidation & time correction within a narrow range is likely to continue for a couple of days more.

-- On the upside 19850 remains to be the crucial resistance. Only on a close above this resistance, upsides of 20050/ 20100 will be seen on Nifty.

-- On the downside, support stands at 19600.

-- Derivative parameters hint at an underlying positive undertone though time correction may extend for a while. Buy on dips strategy to be used for Index trading. In case of a sideways price move, focus more on stock specific activity.

▶️ *Actionable* : For the week, Buy on dips strategy has worked brilliantly on Fri giving us an intraday gain of 170 points. Continue with the same strategy with levels mentioned below

🟢 Buy on dips at 19610-19640

Target: 19950/ 20100  SL: 19500

Watxh Banknifty 44500 CE
330-350

SL 280

Target 400-444-500++

Watch GAIL For positional

Big Breakout on charts

Natural Gas prices can potentially double in the next 3 months. Positive if government raises prices.

Short-term Delivery Target of 170

INTRADAY CALL- BUY BANKNIFTY 18 OCT 44900 CE BETWEEN 150 -167 SL 115 TGT 220-256-300++×

Hit 400🚀🚀👍

As suggested market took support