WEEKLY EQUITY NEWSLETTER
13TH AUGUST TO 16TH AUGUST 2019
The Reserve Bank of Indias slashed rates for the fourth time in a row on August 7, but this time, it was an unconventional 35 bps cut as it maintained an "accommodative" stance.
The move is aimed at kick-starting the investment cycle, stimulate demand and increase liquidity in the NBFC sector.
The RBI has demonstrated boldness by an unconventional reduction of 0.35% or 35 bps cut, showing an urgent need to take pressure off the bond markets and reduce the cost of capital in the economy to kick start the investment cycle from the private sector, Jimeet Modi, Founder & CEO, Samco Securities, sources said.
Increasing the bank exposure limit to a single NBFC from 15% to 20% is indeed RBIs way of managing the current crises, thereby addressing the liquidity squeeze caused by the NBFCs. The policy will genuinely percolate liquidity into the system giving immediate relief to the economy.”
Here is a list of top 14 stocks that are likely to benefit the most from the rate cut:
Ashok Leyland, Maruti Suzuki State Bank of India, HDFC Bank, ICICI Bank:UltraTech Cement, Godrej Properties, Power Grid, Larsen and Toubro, Dlf, Hero MotoCorp, Asian Paints Escorts
NIFTY TOP GAINERS/LOOSERS
Recommendation: - Nifty is VOLATILE at RESISTANCE, this is INFLUENCE AREA ( 11150-11350) OF SUPPORT and making BUY so maybe NIFTY BUY ABOVE THE RESISTANCE AREA.
CALL: NIFTY BUY ABOVE 11155 TGT 11270 TGT 11300 TGT 11350 SL 10990.
BANK NIFTY FUT
Recommendation: - Bank Nifty is VOLATILE at RESISTANCE, this is INFLUENCE AREA( 28500-29400) OF SUPPORT and making BUY so maybe BANK NIFTY BUY AROUND THIS SUPPORT AREA.
CALL: BANK NIFTY BUY ABOVE 28600 TGT 28800 TGT 29000 TGT 29200 SL 28350
CALL OF THE WEEK:-
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION DABUR BUY ABOVE 442 TGT 450 TGT 465 TGT 475 SL 430
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON MAKE VERY STRONG BULISH PATTEN, BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION BUY ASIAN PAINTS ABOVE 1585 TGT 1630 TGT 1670 TGT 1700 SL 1540
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