Smart Money Financial Services

Top intraday trading ideas for afternoon trade for Monday 31 December 2018  NEW DELHI:    Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters. Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Manas Jaiswal of manasjaiswal.com Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514. Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230. NSE LIVE 11:49 | 31-12-2018 Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630. Kunal Bothra independent market expert Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600. Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop los...

               WELCOME TO SMART MONEY FS               WE CREATE THE OPPORTUNITY   "Smart Money Financial Service" is an Investment Advisory having a team consists of highly qualified analysts who are skilled and impeccable in their analysis. These analysts, using their experience and the latest software tools, are able to predict the movements in share market on time and with high accuracy. Please click here for Advisory Ranking: As a result, using our tips, our clients gain the most out of the share market. We provide recommendations for Stocks – Cash and F & O trad. 1. VISION GrowthPress focuses on conducting in-depth research on your customers, your competitors, and your search engine landscape. Using this, we create the right SEO strategy that helps. 2. MISSION You achieve your goals. Search engines are constantly evolving to reflect the complex human behavior. Thus, ...

F&O: Put writing at all immediate strikes shows Nifty may hold up  The Nifty50 index opened in the negative but managed to recover sharply from lower levels and headed towards the 10,750 level on Wednesday. It formed a Piercing Line pattern on the daily scale, as it recovered its losses of the last session by more than a half. It has been making lower lows from last four sessions and holds above the 10,750-10,777 zone can negate the same to extend its recent bounce towards 10,850 and then 10,929 levels.  Nifty has reclaimed its 50-day EMA while on the downside it has support at 10,650 and then 10,600 levels.  On the options front, maximum Put OI was at 10,000 followed by 10,500 and 10,700 levels, while maximum Call OI was at 11,000 followed by 10,900 level. Meaningful Put writing was seen at all the immediate strike prices from 10,650 to 10,500 level, which suggests support is intact while Call unwinding was seen at most strike prices till 11,000 level. The...

Nifty has further lost ground and is trading near the day's low in the afternoon trade, ahead of the ECB policy decision due later in the day. All sectoral indices are trading in the red barring Pharma that gained over 1%. On the economy front, WPI inflation for the month of May increased to 14-month high of 4.43% from 3.18% in previous month. At 1:01 PM, BSE Sensex was at 35,533, down 206 points, while NSE Nifty was at 10,788, down 69 points. The BSE Mid-cap Index is trading down 0.41% at 16,011, while BSE Small-cap Index is trading down 0.16% at 17,001. Sun Pharma (+2.20%), HCL Technologies (+1.29%), Lupin (+1.14%), Grasim (+1.04%) and Cipla (+0.97%) were the top gainers on NSE. Tech Mahindra (-3.12%), Adani Ports (-2.09%), GAIL (-2.00%), State Bank of India (-1.93%) and IOC (-1.91%) were the top losers on NSE. Some buying activity is seen in healthcare, while IT, banking, oil and gas, capital goods and consumer durables are showing weakness on BSE. ...

Equity benchmark indices extended previous day's losses with the Sensex falling more than 100 points following correction in global peers on political turmoil in Italy. Banking, auto, metal and financials stocks dragged the indices lower. At 11:27 AM, the BSE Sensex was trading at 34,722, down by 177 points, while the Nifty50 index was trading at 10,573, down 60 points. BSE Midcap was up by 0.08%, while BSE Smallcap indices was down 0.04%. Shares of IOC, HPCL and BPCL fell in the range of 1-2% after cut in fuel prices. Shares of Manpasand Beverages hit 10% lower circuit. The stock has been falling for the last three sessions and has plunged as much as 42% after it informed the stock exchanges that its auditor — Deloitte Haskins & Sells resigned just four days before the board was to approve its quarterly results. Shares of Glenmark Pharma dropped 3%. The company’s consolidated revenue for Q4FY18 declined by 7.2% yoy to Rs2,279.8cr. Its net profit decreas...

Markets continued to remain on a hot streak, ending above the important resistance level of 10600 for the first time since February 05, 2018. Reliance Industries was the biggest outperformer, closing marginally below its life-time high levels, gaining ~3.75% in the trade. Financial stocks remained under selling pressure for the third day in a row with PSU Bank index ending ~1% lower. Nifty IT index saw profit booking, closing ~2% lower. Market breadth ended in the favour of the declines with Advance/Decline ratio closing at 3:4x. Tracking the derivative data points, Nifty and Bank Nifty futures in combination of April, May & June added open interest to the tune of ~14.3 lakh shares and ~3.75 thousand shares, hinting a buildup of long positions. Tracking the Nifty Index Options, all the major in the money and out of the money call option strikes saw an unwinding of short positions, as the index breached important resistance with Nifty 10500CE shedding the highest open positions t...

Markets traded in a narrow range before witnessing buying interest in the final hour of trade helping Nifty and Bank Nifty end near the high point of the day in an otherwise lackluster trading session. Metal stocks were the major gainers in today’s trade with all the frontline metal stocks gaining ~4-6%. Oil marketing companies continued to face selling pressure with BPCL, HPCL, and IOC correcting 7.18%, 5.62%, and 3.94% respectively. Market breadth ended in the favor of the advances with Advance/Decline ratio closing at 1:1x. Tracking the derivative data points, Nifty Futures and Bank Nifty Futures added open interest to the tune of ~3.74 lakh shares and ~82 thousand shares respectively mainly long positions. Tracking the Bank Nifty Index Options, option writing was the flavor of the day as the Index traded in a narrow range. Bank Nifty 25200CE and 25300Ce witnessed a surge in open interest to the tune of ~14 lakh shares and ~13.84 lakh shares respectively while 25000PE witnessed ...

The BSE Sensex slipped nearly 300 points to crack below the 34,000 mark in early trade owing to weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns. At 11:46 AM, the BSE Sensex was trading at 34,107, down 85 points, while the Nifty50 index was trading at 10,464, down 16 points. The BSE Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively. The downtrend was led by index heavyweight Infosys, which slipped 3% after its FY19 growth outlook disappointed the street. Shares of UCO Bank plunged 8% on the BSE after the media report suggested that the Central Bureau of Investigation (CBI) has booked former chairman-cum-managing director of the bank’s Arun Kaul and others in connection with an alleged Rs621cr  loan   fraud. Fortis Healthcare stock fell 1% after it confirmed getting interest from IHH Healthcare Bhd. Gruh Finance gained 5% after the board also recommended a dividend of Rs3.30 per equity share of face valu...

Equity benchmark indices are trading flat after the massive corrections and downfall seen during the last week. Today’s gains were led by  SBI , HDFC twins, Yes Bank and ICICI Bank. At 1:48 PM, the  BSE  Sensex was trading at 32,843, up 246 points, while the  Nifty50  index was trading at 10,052, up 54 points. The BSE Midcap and the BSE Smallcap indices up 0.33% and 0.25%, respectively. On BSE Sensex, Oil and Gas Sector continues its downward trend and is the biggest losing index in today’s trade due to the rise in global crude oil prices. The large-cap companies like GAIL, Hindustan Petroleum,  IOC  and BPCL have dragged the index down. Only Reliance is trading marginally in green in this index. IOC’s 743,000 shares have already been traded till mid-day. IT Sector has also slipped over 1% majorly contributed by two giants namely  Infosys  and Wipro. Infosys contributed 92 points while Wipro contributed 32 points out of the total fall by ...

Domestic benchmark indices opened higher today mirroring positive global cues, and were led by gains in shares of public sector banks and real estate companies. Nifty PSU Bank was the best performer among sectoral indices on NSE, up 1.6%, led by gains in shares of State Bank of India, Allahabad Bank, and Andhra Bank. Asian equity markets traded on a mixed note in early trade today. While overnight gains in US equities underpinned sentiment, investors exercised caution ahead of the outcome of the US Fed meet. The Fed will wrap up its two-day monetary policy meeting later today. US stocks pared losses made in the previous day as most market players expect the Fed to hike the federal funds rate by 25 basis points. Investors await the dot plot along with the policy statement that is an aggregate of policy makers' forecast for future interest rates. The yield on the 10-year US Treasury ended four basis points higher due to strong expectations of an upbeat outlook for economic growth...

Benchmark indices failed to sustain their opening gains. Nifty hit a fresh 2018 low weighed by oil marketing companies, technology, metals and banks stocks. Earlier today, the index broke below 200-DMA.  Losses in the ICICI Bank, Infosys, SBI, Tata Steel and Kotak Mahindra Bank also weighed. Market sentiment was largely subdued ahead of US Federal Reserve's two-day meet. At 11:42 AM, the  BSE  Sensex was trading at 33,066, down 110 points, while the Nifty50 index was trading at 10,160, down 34 point. The BSE Midcap and the BSE Smallcap indices down by 1.40% and 1.46%, respectively. Shares of  Indian Oil Corp  and Bharat Petroleum Corp fell 4% each after a media report said both the companies are set to buy 26% stake each in GAIL India from the government. Shares of  Graphite India  rose 1% after foreign investment firm Vanguard purchased 0.7% stake in the company on Friday. VA Tech Wabag  stock gained 2% after Porinju Veliyath's Equity Intellig...

ELSS (equity-linked savings schemes) have caught up with other modes of investment over the past few years. However, their growing popularity has led to a ton of misinformation being available on the internet. This article is intended to educate potential investors about the advantages and disadvantages of investing in  ELSS funds  in 2018.   The major advantage that ELSS funds have over other tax-saving investment options is their short lock-in period of three years as compared to alternatives like the National  Pension Scheme (NPS), which has an effective lock-in period of 18-20 years. Moreover, ELSS funds are majorly equity-oriented and deliver better returns in the long-run.   Here are a few advantages and disadvantages of investing in ELSS funds.   Advantages Tax-efficient and lucrative ELSS funds are among the most tax-efficient investments. The amount invested in an ELSS fund can be claimed as a deduction u/S  80C  to an upper...