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December 26, 2023
- *10 Important Personal Finance Rules!*
- 1. Rule of 72 (Double Your Money)
- 2. Rule of 114 (Triple)
- 3. Rule of 144 (Quadruple)
- 4. Rule of 70 (Inflation)
- 5. 50-30-20 Rule
- 6. 3X Emergency Rule
- 7. 40℅ EMI Rule
- 8. Life Insurance Rule
- 9. Rule of 10
- 10. The 4% Rule
- 1. Rule of 72:
- *No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if U want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs*
- *At 6% rate, it will take 12 yrs*
- *At 9% rate, it will take 8 yrs*
- 2.Rule of 114:
- *No. of years required to triple your money at a given rate, U just divide 114 by interest rate.*
- *For example, if you want to know how long it will take to triple your money at 12% interest, divide 114 by 12 and get 9.5 years At 6% interest rate, it will take 19yrs*
- 3.Rule of 144:
- *No. of years required to, quadruple your money at a given rate, U just divide 144 by interest rate.(For eg, if you want to know how long will take to quadruple your money at 12% interest, divide 144 by 12 and get 12 yrs At a 6% interest rate, it will take 24yrs*
- 4. Rule of 70:
- *Divide 70 by the current inflation rate to know how fast the value of your investment will get reduced to half its present value. The inflation rate of 7% will reduce the value of your money to half in 10 years.*
- 5. 50-30-20 Rule:Allocation
- *Divide your income into*
- *50℅ - Needs - Groceries, rent, EMI*
- *30℅ - Wants - Entertainment, vacations, etc*
- *20℅ - Savings - Equity, MFs, Debt, FD, etc*
- *At least try to save 20℅ of your income.*
- *You can definitely save more*
- 6. 3X Emergency Rule:
- *Always put at least 3 times your monthly income in Emergency funds for emergencies such as loss of employment, medical emergency, etc.*
- *You can have around 6 X Monthly Income to be on a safer side*
- 7. 40℅ EMI Rule:
- *Never go beyond 40℅ of your income into EMIs.*
- *Say you earn, 50,000 per month. So you should not have EMIs of more than 20,000.*
- *This Rule is generally used by Finance companies to provide loans. You can use it to manage your finances.*
- 8. Life Insurance Rule:
- *Always have Sum Assured as 20 times of your Annual Income*
- 9. Rule of 10
- *For big discretionary purchases, reflect on how it will make you feel in 10 days, 10 weeks and 10 years. Perspective can calm buying urges for purchases you later regret.*
- 10. The 4% Rule
- *The 4% rule is a common rule used in retirement planning to help you avoid running out of money. It states that you can (without any hassle) withdraw 4% of your savings in your first year of retirement and alter that amount for inflation for every subsequent year without risking running out of money for the next, at least 30 years.*
- *For example- Your annual expense is 500,000, then the corpus required to retire is 1.25 cr. If we put 50% into fixed income & 50% into equity and withdraw 4% every year, it would be Rs.5 lakh. This rule works for 96% of the time in a 30 year period.*
- FII's unwound all longs and added few shorts, Clients covered all shorts and added longs aggressively, while PRO's unwound all longs and added shorts.
- 22-Dec-2023
- *WHAT HAPPENED ON FRIDAY*
- -> Price action reflected holiday markets more than data
- -> SPX +0.17%, Nasdaq +0.19%
- -> UST 10y yield +1 bps to 3.90%
- -> Dollar Index -0.14% to 101.70
- -> Softer core PCE inflation; 2.6% YoY, 0.1% MoM reading
- -> Durable goods orders very strong at 5.4% vs 2.3% forecast
- -> Oil -0.4% to $79.07/bbl
- *GIFT Nifty +33 pts (21418) from last trade 21385 ,*
- Nikkei +27 pts ,
- Hangseng clsd ,
- Now @6.52am .
- Us And Europe Mkt Clsd
- Crude @ $73.81 brl (+0.25), Brent @ $79.19 brl (-0.20) , Gold @ 2066.80 (-2.30), Silver $24.51 (-0.05), Euro @ $1.102, JPY @ $142.22, INR @ 83.165
- *Today's Corporate Action*
- *26th Dec Ex Date*
- None
- *Today's Key Results/Board Meetings*
- *26-Dec-23*
- ABHICAP
- General
- ADANIGREEN
- Preferential Issue of shares
- AMIC
- Half Yearly Results
- CITL
- General
- CROISSANCE
- General
- DYNAMICP
- General
- JAMESWARREN
- General
- JLL
- General
- PRAVEG
- Issue Of Warrants;Preferential Issue of shares;GeneralSAICOM
- General
- TANAA
- Preferential Issue of shares
- *Stock under F&O ban on NSE*
- *26-Dec-23*
- 1 ASHOKLEY
- 2 BALRAMCHIN
- 3 DELTACORP
- 4 HINDCOPPER
- 5 INDIACEM
- 6 NATIONALUM
- 7 SAIL
- *India Daybook – Stocks in News*
- *Biocon:* Company partners w/Sandoz for distribution of Adalimumab BS Subcutaneous injectio (Positive)
- *Talbros:* Board approves divestment of its entire 40% stake in JV Co Nippon Leakless Talbros for Rs. 81.8 cr. (Positive)
- *Can Fin Home:* ICRA upgrades company’s rating of long-term facilities to 'AAA' from 'AA+'. (Positive)
- *RITES:* Company and NEEPCO in pact to strengthen logistical infra at Northeast hydropower stations. (Positive)
- *NTPC:* Company’s Renewable Energy unit wins bid for 900 MW solar projects. (Positive)
- *Jndal Steel:* Company has entered into a MoU with RINL for the operationalization of RINL's Blast Furnace-3 (BF-3) (Positive)
- *Transformers and Rectifiers:* Company completed the 'Dynamic Short Circuit Test' (Positive)
- *Fusion Microfinance:* CARE has revised its credit rating for the Long-Term Bank Loan Facilities of Fusion Micro Finance Limited from CARE A to CARE A+ (Positive)
- *Archean Chemicals:* Subsidiary has been declared as the successful bidder for acquiring Oren Hydrocarbons Private Limited. (Positive)
- *NDTV:* Civil Suit filed by Ankiti Bose before Bombay HC seeking Rs 820 cr damages against arm NDTV Convergence has been amicably settled between the parties. (Positive)
- *KPI Tech:* Company acquires 13% stake in N-Dream AG (Positive)
- *RK Forging:* NCLT approves RK Forging's acquisition with ACIL Limited (Positive)
- *EMS:* Company received letter of award from Urban Development Department awards worth of Rs 356.6 crore (Positive)
- *PNC Infratech:* Company achieves financial closure for a highway project of Rs 819 crore (Positive)
- *Reliance Industries:* According to a report, the conglomerate and Walt Disney have signed a non-binding term sheet to merge their Indian media operations (Positive)
- *Anupam Rasayan:* Company has signed LoI worth $61 million or ₹507 crore with one of the leading Japanese multi-national chemical company (Positive)
- *LT Foods:* Company eyes bigger chunk of ready-to-cook meals, snacks (Positive)
- *Adani Wilmar:* Promoters propose share sale in the open market to achieve minimum public shareholding (Neutral)
- *UPL:* Company to raise funds up to Rs 4,200 cr via rights issue. (Neutral)
- *Tata Steel:* Company announced shareholders’ meet on Jan 25, 2024 to consider merger of co & the Indian Steel and Wire products (Neutral)
- *SBI:* Banks signs $165 million Line of Credit with World Bank for promoting rooftop solar project in India. (Neutral)
- *Bank of Baroda:* Raises stake in ONDC to 8.51% from 5.56% for Rs 30 crore (Neutral)
- *Suryoday:* Mr. Sandeep Arora, has been appointed as Chief Product and Customer Experience Officer of the Bank. (Neutral)
- *JK Tyre:* Company announced closure of its Qualified Institutional Placement issue through which it has raised ₹500 crore (Neutral)
- *Paytm:* Company said that the AI-led transformation will result in a "slight" reduction in the operations and marketing workforce (Neutral)
- *Wipro:* Denies rumours of former L&T Infotech CEO Sanjay Jalona joining the company (Negative)
- *Zydus Lifesciences:* Company gets 6 observations from USFDA for API plant. (Negative)
- *MedPlus:* Company has received an order from the Drugs & Control Authority on the suspension of its drug licence for five days (Negative)
- *Infosys:* The global company has elected to terminate the MoU and the parties will not be pursuing the Master Agreement. The MoU signed with company by client for target spend over 15 years is estimated at USD 1.5 Bn. (Negative)
- *Auro Pharma:* US FDA issues 10 observations for Aurobindo Pharma's arm Eugia’s East Windsor, New Jersey, US mfg Unit (Negative)
- *Vedanta:* Arm Bharat Aluminium Co (BALCO) receives Rs 84 cr GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues. (Negative)
- News & Impact
- · Modest gained in US market on Friday, positive opening Asia markets and global rating agency Fitch mentioned robust economic growth in India, may open domestic bourses on a positive note. Rating agency Fitch had mention that the India to be among the world’s fastest-growing sovereigns, with resilient GDP growth of 6.5% in FY 25 and FY24 6.9%. Expect, big positive in the domestic market to attract foreign investors in the longer-term prospect. US market gained 0.3% on account of decline in the personal consumption inflation on Friday. Both US 10-Year bond yield and Dollar Index fell to 5-month low on hope of US Fed to cut interest rate next year. US S&P 500 index is up 24% this year, including a 4.1% increase in December. Back home, Gift Nifty is 40 points or 0.2%. Expects range bound market in the next few days on ahead of Christmas festival. However, stocks specific action to be continue. There are not much important US data to be release next week due to Chiasmas festival. Expects positive for real estate stocks after JLL, a global real estate services firm specialising in commercial property said that India is set to register the highest home sales since 2008 in 2023 on better demand. Metal and IT sectors momentum may continue on account of benefit of fall in Dollar Index. Auto stocks may bounce back on hope of impressive December monthly sales volume.
- · Global Market summary – US S&P 500 posts best weekly win streak in over six years as Wall Street rally, powers on. US S&P 500 index is up 24% this year, including a 4.1% increase in December. US Dollar Index and 10-Year bond fell to 5-month low. US European stocks edge nearer 2-year high as US inflation cools. Gold surged to 1-month high to above $2050/ounce
- · US Market –US market gained marginally by 0.2% on Friday after reported cooling down US personal consumption inflation data, boosted sentiment rate cut by US Fed. US S&P 500 gained 24% this year. The benchmark index extended its astonishing bull run to eight straight weeks, its longest such streak since early November 2017. Following on from the Federal Reserve's long-awaited dovish pivot last Wednesday, economic data over the past few days continued to bolster bets for rate cuts and a soft landing. Headline personal consumption expenditure inflation eased to 2.6% from 2.8% on Friday, while core PCE inflation, which excludes food and energy, lowered to 2% from 2.3%, the data showed. It is indicating that the US Fed to reduce interest rate next year.
- · Asian Market –Stocks in Asia open on a marginally positive while currencies in Asia ticked higher amid cautious trading and reduced liquidity with some markets closed for holidays. Japna, South Korea and Taiwan Index marginally gain.
- · European Market – European stocks edged higher in the final trading session before the holidays as the latest indicator of cooling US inflation reinforced the Federal Reserve’s pivot toward an outlook for lower interest rates next year. UK, Germany and France Index ended flat to positive.
- · Oil Price Update –.Oil gained 2% to $80/bbl with shipping disruptions in the Red Sea in focus after a spate of Houthi attacks against vessels in the vital waterway.
- · Gold Price Update – Gold gained 1% to $2054/ounce as the dollar retreated after US economic growth was revised lower, raising expectations for interest-rate cuts next year.
- · Previous Day Market Update –. Renewed buying was seen in Infosys, HUL, Wipro, Nestle, HCL Tech, Hindalco and Tata Motor which lifted Nifty nearly half percent to close at 21349 while touched intra-day of nearly 21400 level. Hope of rate cut by US Fed lifted US market to record high. Fall in Dollar Index to 5-month low below 102 level and strong local fund buying interest had positive impact on the market. IT, FMCG, auto, metal, real estate stocks were major gainers today while banking stocks witnessed profit booking. ICICI Bank, HDFC Bank and SBI slipped by 1% and Bank Nifty dropped by 1%. Tech stocks witnessed smart rally today and Nifty IT Index surged over 2%. Tech major Wipro climbed up 5% to record high of Rs463. Infosys, Mphasis, Tech Mahindra, LTTS, Persistent Systems gained between 1-4%. FIIs were net sellers Rs2829cr while DIIs were net buyers Rs2167cr on Friday.
- · Nifty Technical Levels – Nifty formed a small bodied candle with longer lower shadow on weekly frame and has been making higher lows from the last eight weeks. Now it has to hold above 21250 zones, for an up move towards 21500 then 21600 zones whereas supports are placed at 21200 then 21000 zones.
- · Bank Nifty Technical Levels –.Bank Nifty formed a small Bearish candle on daily and weekly scale which suggests some pause at higher zones. However Index has been consolidating in a wider range in between 47000 to 48200 zones from the past six sessions as banking stocks continued to underperform. Now it has to cross and hold above 47500 zones for an up move towards 48000 then 48219 marks while a hold below the same could see weakness towards 47250 then 47000 levels.
- · Events – Suraj Estste and Muthoot Micronfin listing
- · Actionable BUY – BEL, Bharat Dynamic, Paytm, Lemon Tree, SBI.
- · Global Data–– Fed Nat Activity Index (US). jobless Claims (Japan)
- · Market Summary – Infosys loses $1.5 billion AI contract from global customer, BEL gets large orders, SBI to sign $165 million LoC with World Bank for rooftop solar projects. NHPC approves proposal for monetization of asset. Paytm fires 1,000 employees as it aims to save 15 percent of staff costs
- · BEL – Company securing orders worth Rs2,673 crore from Goa Shipyard Limited (Value: Rs1701 crore) and Garden Reach Shipbuilders (Value: Rs972 crore) for the supply of 14 types of sensors for use on the next-generation offshore patrol vessels. The company also recently secured additional orders worth Rs86.15 crore – Positive
- · Infosys – Company on December 23 announced that the undisclosed global company, which had previously signed a $1.5bn deal focused on artificial intelligence solutions, has now decided to terminate the MoU with the IT services giant. – It may short term weakness.
- · SBI- The country's biggest lender, State Bank of India (SBI), said that it will be signing a $165 million Line of Credit (LoC) from the World Bank in Delhi today to support grid-connected rooftop solar photovoltaic projects in residential and institutional sectors.
- · Paytm – Company has fired 10 percent of its workforce to save costs. The company said this will help reduce staff costs by 10-15 percent. - positive
- · AstraZeneca Pharma – Company will launch Enhertu in January 2024 in India. Trastuzumab deruxtecan (Enhertu) is indicated for the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer.
- · Mahindra Holidays – Company plans to raise its room count and to achieve that aim, it expects to hike its capex to Rs 2,000 crore in the next fiscal.- positive
- · Godawari Power – Company gets Chhattisgarh Environment Conservation Board Nod to expand capacity plant to 5.25 lk MTPA from 4 lk MTPA – positive
- · Bharti Airtel – Company has announced that Airtel Xstream Play subscribers can now access aha Tamil and Telugu OTT content. Commenting on the collaboration with aha OTT, a joint venture between Allu Arvind’s Geeta Arts and My Home Group, Airtel Digital’s CEO Adarsh Nair said. – Positive
- · Anupam Rasayan – Company has signed Letter of Intent worth revenue of Rs507 crores for next 9 years with one of the leading Japanese Chemical company to supply new age polymer intermediate. – positive
- · Adani Green Energy - Company has announced the execution of power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power. With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by SECI in June 2020, which set a record for being the world's largest solar tender.
- · Aurobindo Phjarma – The US FDA conducted a Pre-Approval Inspection (PAI) at new injectable facility of Eugia US Manufacturing LLC situated at East Windsor, New Jersey, USA from December 11 to December 22, 2023. The inspection closed with 10 observations. The observations are procedural in nature and will be responded to within the stipulated time. The plant is yet to start commercial operations. – we are long term positive on the stock
- · Muthoot Microfin listing today – Company’s shares will likely get listed today. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges. IPO subscribed 11.5 times
- · Suraj Estate listing today - Suraj Estate Developers will make their debut on the exchanges today. Ahead of the listing, the company's shares are trading with a premium of Rs 20 in the unlisted market. The upper price band of Rs 360, the stock is expected to list at a mild premium of 5% and subsxribed 15.5 times
- · Adani Power: A consortium of Adani Power received letter of intent from resolution professional of Coastal Energen after lenders approved the resolution plan.
- · KPIT Technologies: The company approved the initial strategic acquisition of 13% shareholding in N-Dream AG, a cloud-based game aggregation platform for €2.7 million as a primary investment and €0.3 million as a secondary investment - positive.
- · RBL Bank: RBI-appointed director, named in 2021 when the bank was going through an unexpected leadership transition, retired on Dec 23.- positive
- · Adani Wilmar: The company's promoters, Adani Commodities and Lence, have proposed to sell their stakes to comply with the minimum public shareholding norms. The promoters sell up to a 1.24% stake between Dec. 26 and Jan. 31.
- · Archean Chemical Industries: The company’s unit was declared the successful bidder for acquiring Oren Hydrocarbons. – positive
- · Rites: The company signed a MoU with Northeastern Electric Power Corp. for consultancy work. – positive
- · Transformers and Rectifiers: The company has completed the ‘Dynamic Short Circuit Test’ on 105 MVA. The test was conducted at the national high-power test laboratory.
- · Grindwell Norton: The company approved the investment of Rs 11 crore in VEH Wind Energy and an investment of Rs 15 crore in Advanced Synthetic Minerals. – positive
- · TTK Prestige: The company appointed Venkatesh Vijayaraghavan as the Chief Executive Officer.- positive
- · Crompton Greaves Consumer Electricals: The company launched a new product 'CAVELO' in the category of 70W well glass trade to cater to the domestic market. - POSITIVE
- · Power Finance Corp: The company’s unit incorporated a wholly owned subsidiary, namely KHAVDA PSl and three transmissions for the development of "Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 and Khavda Pooling Station 3." – Positive
- · Carysil: Acrysil USA Inc, a wholly owned subsidiary of Carysil Ltd., acquired 100% membership interest of United Granite LLC.- positive
- · PNC Infratech: PNC Infratech's PNC Unnao Highways received provisional completion certificate on Dec. 25 for NHAI project worth Rs 1,602 crore. – positive
- · Pearl Global – Company announced 5th Jan 2024 record date for sub-division or stock split from Rs10 to Rs5 – positive
- · Lupin Ltd - Company has signed an Asset Purchase Agreement with Sanofi, a French multinational pharmaceutical and healthcare company, for acquiring a portfolio of accretive established products in Europe and Canada for €10 million – positive
- · Indsil Hydro Power – Company along with its partner, His Excellency Sheikh Salim Mustahail have signed a Term Sheet to sell their 100% stake in M/s. Al Tamman Indsil Ferro Chrome LLC to M/s. LL Resources GMBH, Austria for a total sale consideration of USD 38 Million of which the Company is entitled to 50%. – Positive
- · REDTAPE LIMITED – Company has entered into Strategic, Marketing & Technical tie-up with Daraz, a Bangladesh based online shopping platform for sale of REDTAPE Products in Bangladesh – positive
- · Sandhar Technologies- Company has executed a sale deed for the purchase of the factory premises on the land admeasuring 34 bigha 06 Bishwa, at Village Mouza Bhatian, Himachal Pardesh, for the total consideration of Rs 19cr – positive
- · RailTel Corporation – Company has received the work order from N F Railway Construction for Supply, Installation, Testing & Commissioning of Integrated Tunnel Communication system and others construction work amounting to Rs. 66.83cr.
- · HFCL introduces indigenous 5G Fixed Wireless Access Products – Company becomes the first Indian company to introduce its indigenously designed and developed 5G Fixed Wireless Access (FWA) Customer Premise Equipment (CPE) solution. – positive
- · PSP Projects – Company emerges lowest bidder for street development project worth Rs 158.61 Crore in Gujarat – positive
- · Jindal Steel – Company has entered into an MoU with Rashtriya Ispat Nigam Limited (RINL) for the operationalization of RINL's Blast Furnace-3 (BF-3). The furnace, set to be lit up on December 30, 2023, will boost production by 2 lakh tonnes of Hot Metal per month. – positive
- · State Bank of India – Company raises USD 250 Mio through Senior Unsecured Green Bond - positive
- · Zydus Lifesciences – Company receives 6 observations from USFDA for API site at Changodar. The inspection closed with 6 observations. There were no Data Integrity related observations. There are no repeat observations from the previous inspection. – Any decline will be buying opportunity.
- · Akshar Spintex The Board of directors has approved and recommended Issue of Bonus Shares in the ratio of 1:5 ie. 1 (One) New Bonus Equity Share for every 5 share held. – positive.
- · Biocon – Company signed today a Distribution Agreement with Sandoz, granting the Company the exclusive rights to promote, sell and distribute "Adalimumab BS for subcutaneous injection 1 in Japan. – Positive
- · Talbros Automotive – Company approved the Divestment of its entire 40% stake in its Joint Venture company Nippon Leakless Talbros. TACL will realize Rs. 81.8 crores for its entire 40% equity stake sale - positive
- · Transformers and Rectifiers – Company has successfully completed the most stringent 'Dynamic Short Circuit Test' on 105 MVA, 400/√3/220/√3/33 kV class Single Phase Auto Transformer forming a bank of 315 MVA. – positive
- · NHPC – Company had considered and approved the proposal for monetization of future cash flow (consisting Return on Equity) in respect of Kishanganga Power Station or any other Power Station(s) of the Company for 8/10 years in single tranche during financial year 2023-24 or beyond.- positive
- · Indo Amines – Company announces sale of Tarapur plot worth Rs2.40cr – positive to exit non-core business
- · Adani Ports – Company achieved another milestone by berthing the deepest draft vessel at the port. The vessel MV TRUE COURAGE with draft of 18.12 Mtrs was berthed at the port's mechanized terminal. This has surpassed the port's previous highest record of 18 Mtrs which was achieved in June 2023.
- · Sinclairs Hotels – Company has considered and approved the issue of fully paid-up Bonus equity shares of Rs. 2/- each in the ratio of 1:1 – positive
- · Goldiam International – Company has received Export Orders worth of Rs. 50 crores for manufacturing of lab-grown diamond studded gold jewellery – positive
- · Ramkrishna Forgings – Company has announced that the resolution plan submitted by the Company for the acquisition of ACIL Limited has been approved by the National Company Law Tribunal, New Delhi. – positive
- · Sarda Energy – Company gets nod to enhance capacity at iron ore pellet plant to 9,00,000 tn/year from 8,00,000 tn/year – positive
- · KPI Green – Company wins 1.80mw solar power project order
- Stock to Watch
- 1) BALRAMPUR CHINI has taken a pause near its multiple support zone. The stock has bounced many times after testing this area. The stock is on the verge of a Falling Channel pattern breakout on the daily charts. Momentum indicator RSI is positive at these levels. Therefore, the stock looks good in the range of 388 to 382 and can test 434 support at 369. Positional view
- 2) LAURUS LAB is on the verge of a Cup and Handle pattern on the daily charts. On Friday, stock settled with a Bullish candle supported with strong volumes. Momentum indicator RSI is positive on the daily charts. Therefore, the stock looks good on dips to 405 and can test 450 support at 379. Positional View
- 3) RHI MAGNESITA has witnessed a Cup and Handle breakout on the daily charts. The stock has formed a Bullish candle with strong volumes on Friday. Momentum indicator RSI is positive on the daily charts. Therefore, the stock looks good on dips to 788 and can test 870 support at 744. Positional View
- 4) HIKAL LTD is on the verge of a Consolidation channel breakout on the daily charts. The has formed a Bullish candle with strong volumes on the weekly charts. Momentum indicator RSI is positive on the daily charts. Therefore, the stock looks good in the range of 303 to 295 and can test 345 support is at 283. Positional View
- 5) BLS INTERNATIONAL has seen a Rounding Bottom breakout on the daily charts. The setup is poised for an upside rally from the current levels. Momentum indicator RSI is positive on the hourly chart. Therefore, the stock looks good in the range of 309 to 302 and can test 345 support at 284. Positional View
- *WATCHLIST FOR TUESDAY (26/12/23)*
- *FOR STUDY & RESEARCH PURPOSE ONLY!*
- sharing * CASH SEGMENT STOCKS* for TUESDAY bd.
- 1) *CAPLIN POINT LAB LTD (1405.80)*
- 2) *SHARDA MOTOR INDUSTRIE LTD (1253.35)*
- 3) *SHYAM METALICS & ENERGY LTD (608.40)*
- 4) *SASKEN TECHNOLOGIE LTD (1270.75)*
- 5) *CONCORD BIOTECH LTD (1504.70)*
- 6) *SANGAM INDIA LIMITD (454.05)*
- 7) *VERTOZ ADVERTISING LTD (497.20)*
- 8) *MSTC LIMITED (568.00)*
- 9) *BEML LIMITED (2804.15)*
- 10) *TRANSFORMERS & RECTIFIERS (I) LTD (TRIL) (224.05)*
- 11) *BF INVESTMENT LTD (570.90)*
- 12) *PIRAMAL PHARM LTD (PPLPHARMA) (140.50)*
- 13) *DYNAMIC CABLES LTD (DYCL) (451.30)*
- 14) *RANE HOLDINGS LTD (1295.60)*
- 15) *ASTRAZENECA PHARMACEUTICALS LTD (5329.10)*
- 16) *20 MICRONS LIMITED (189.45)*
- 17) *CYBERTECH SYSTEMS & SOLUTIONS LIMITED (190.40)*
- 18) *MUKAND LTD (195.75)*
- 19) *ANTONY WASTE HANDLING CO.LTD (AWHCL) (488.80)*
- 20) *IRM ENERGY LIMITED (522.70)*
- 21) *SWELECT ENERGY SYSTEMS LTD (532.65)*
- 22) *ALLCARGO LOGISTICS LIMITED (307.00)*
- 23) *KALYANI INVESTMENT CO. LTD (KICL) (3443.10)*
- 24) *GTPL HATHWAY LIMITED (191.70)*
- 25) *SREELEATHERS LIMITED (375.00)*
- 26) *KAMDHENU VENTURES LIMITED (KAMOPAINTS) (177.05)*
- 27) *LAKSHMI FINANCE & INVESTMENT CORPORATION LIMITED (LFIC) (203.10)*
- *DISCLAIMER:- I AM NOT SEBI REGISTERED ANALYST. THE CHARTS / LEVELS /STOCKS POSTED WILL BE AS PER PERSONAL STUDY. THIS LIST PURELY FOR STUDY STILL IF ANYONE TAKE ANY TRADE ACTION BY SELF THEN I WILL NOT BE RESPONSIBLE FOR ANY KIND OF LOSSES OR PROFITS..!! IT IS PURELY ONE'S OWN ACTION & CHOICE. NO ANY KIND OF LEGAL ACTIONS WILL BE ENTERTAINED FOR SAME.