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WEEKLY EQUITY NEWSLETTER 9TH SEPTEMBER TO 13TH SEPTEMBER 2019 Email US: Email US: Thegrssolution@gmail.com +91 6232995233 +91 6232995233 Info@thegrssolution.com
MARKET UPDATES * PI Industries rallied 4 percent intraday on September 13 after the agri-sciences company executed an offer for acquisition of 100 percent stake in Isagro Asia. *Devang Mehta of Centrum Wealth Management said if somebody wants a compounder, say 20-30 per cent growth, in next three-four years, insurance looks that type of a sector. Even ICICI Lombard, which is into general insurance, looks good.” *The industry as a whole is growing between 10% and 20%, depending upon how the composition is moving. When the policies are compared, we see a rather stable trend for the next five years, says Ashish Vohra, Executive Director & CEO, Reliance Nippon Life Insurance. *The chatter about a bigger rate cut by the Reserve Bank of India (RBI) in October has grown louder after strong Index of Industrial Production (IIP) numbers and a rise in inflation, which touched a 10-month high, say brokerages. * IDFC, the backward-integrated refrigerants business may post healthy 15 percent revenue CAGR, though growth in package films should moderate over FY20-21 before picking up in FY22. *Specialty chemicals business is now at a tipping point. R&D & infrastructure investment are set to meet latent demand from global innovators. *"Gravita India Limited hereby informs that Recyclers Ghana Limited, a step down subsidiary of the company situated in Ghana, West Africa has enhanced the production capacity of its existing Lead Recycling Plant from 6,000 MTPA to 12,000 MTPA (metric tonns per annum)," the company said. *Foreign institutional investors (FIIs) bought equities worth Rs 783.55 crore on WEEKEND DAY, according to provisional exchange data. Contact Us: +91 6232995233 www.TheGRSsolution.com
NIFTY TOP GAINERS/LOOSERS GAINERS Contact Us: +91 6232995233 www.TheGRSsolution.com
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TECHNICAL VIEW:- NIFTY FUT Recommendation: - Nifty is VOLATILE at SUPPORT, this is INFLUENCE AREA (10900-11050) OF SUPPORT and making BUY so may be NIFTY BUY ABOVE THE SUPPORT AREA. CALL: NIFTY BUY ABOVE 11100 TGT 11200 TGT 11300 TGT 11400 SL 10950 Contact Us: +91 6232995233 www.TheGRSsolution.com
BANK NIFTY FUT Recommendation: - Bank Nifty is VOLATILE at SUPPORT, this is INFLUENCE AREA( 27800-28100) OF SUPPORT and making BUY so may be BANK NIFTY BUY AROUND THIS SUPPORT AREA. CALL: BANK NIFTY BUY ABOVE 28100 TGT 28300 TGT 28500 TGT 28700 SL 27800 Contact Us: +91 6232995233 www.TheGRSsolution.com
CALL OF THE WEEK:- AXISBANK RECOMMENDATION –AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION AXISBANK BUY ABOVE 674 TGT 685 TGT 695 TGT 705 SL 662 Contact Us: +91 6232995233 www.TheGRSsolution.com
HEG RECOMMENDATION –AS YOU SEEN IN THE CHARTS THAT AROON MAKE REVERSAL FROM SUPPORT AND MAKING A BULISH PATTEN, BUY HEG ABOVE 1200 TGT 1225 TGT 1250 TGT 1275 SL 1165 Contact Us: +91 6232995233 www.TheGRSsolution.com
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