5 money-making ideas that can deliver big before Diwali

The bulls and the bears continued to fight hard through this past week to get a grip on the market. For the week ended September 8, 2017, NSE’s Nifty index closed at 9,934, down 0.40 per cent from its September 1 closing of 9,974. 

Brokerage Sharekhan said the momentum indicator on the weekly chart was bearish. The Nifty50 has crucial support at 9,448 and 9,300 levels while it faces resistance at 10,350 and 10,960. 

Based on various brokerage recommendations, here are 5 stock strategies that can potentially deliver solid gains over the next 7-21 sessions: 

Petronet LNG |Buy | Target price: Rs 245 | Stop loss: Rs 214

After a breakout towards a new high, this stock has seen some consolidation. The long-term trend of the stock is upward and it is currently resting near its support at the 20DMA. The RSI and MACD are supporting its bullish momentum. 

Hindustan Zinc | Buy | Target price: Rs 335 | Stop loss: Rs 292

This stock has been underperforming the metal pack over the past 3-4 months, but it has witnessed some momentum recently and saw a breakout. The RSI and MACD are trending strongly in the bullish zone and a new high could be a possibility before the expiry of the ongoing series of F&O contracts. 

Bajaj Corporation | Buy | Target price: Rs 430 | Stop loss: Rs 375

A fresh buy signal has emerged over the Stochastic on the weekly chart, which is a very bullish indication. The daily MACD remains in continuing buy mode. The RSI has made a higher low and shows a bullish divergence against price. An upward revision in prices is likely over the next few days. 

Karur Vysva Bank | Buy | Target price: Rs 165 | Stop loss: Rs 135

After rising sharply from Rs 110 to Rs 145, this stock has seen consolidation in the Rs 130-145 range. On the weekly charts, it has made bullish flag formation and seen a fresh breakout above Rs 145. Moreover, a divergence in RSI and Stochastic is indicating positive moves going forward. Traders can accumulate the stock in the Rs 145-150 range for a target of Rs 165 with a stop loss below Rs 135. 

Titan | Buy | Target price: Rs 667 | Stop loss: Rs 605

After hitting a lifetime high of Rs 651 last week, this counter is in a corrective and consolidation process. “One should make use of this opportunity to create fresh long positions and prices and on declines up to Rs 618 for a target of Rs 667 with a stop loss at Rs 605,” Mohammad said.

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Security and Intelligence Services debuts with 5% gains at Rs 855

Security and Intelligence Services (India) opened the first trade at Rs 855 on the National Stock Exchange, up 4.9 percent over its issue price of Rs 815.

The listing was on expected lines as the issue saw a subscription of 7 times.

At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 % from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue price

The listing was on expected lines as the issue saw a subscription of 7 times.

At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 percent from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue priceThe funds raised through fresh issue would be used for repayment & pre-payment of a portion of certain outstanding indebtedness availed by company (about Rs 200 crore); funding working capital requirements (Rs 60 crore); and general corporate purposes.

The Security and Intelligence Services provides security services both in India and Australia with diverse solutions across the security spectrum. The portfolio of services includes security design and solutions, fire safety, event security, VIP protection, aviation security, emergency response, investigation work and integrated technology solutions providing man-tech solutions.

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Today's Share Market News - Nearly 70 stocks hit fresh 52-week low today

Nearly 70 stocks, including 3i Infotech, Aarvee Denims & Exports, Ajanta Pharma, Dr. Reddy's Laboratories, Energy Development Company, GTPL Hathway, Housing Development and Infrastructure, JBF Industries , Jindal Photo, Lupin, NDTV, OnMobile Global, Sun Pharmaceutical Industries and Tata Motors hit their fresh 52-week low on NSE in Wednesday's trade. 

However, V2 Retail, Edelweiss Financial Services, Sunteck Realty, Indraprastha Gas, PC Jeweller, Reliance Capital, Mahanagar Gas, Vedanta, Jubilant Food, Landmark Prop, Oil India, JSW Steel, Birla Corporation, Emkay Global and Eastern Silk were among the 17 stocks that hit fresh 52-week high today. 

Sustained selling in bank, pharma, FMCG and auto stocks kept the bourses in the negative zone. 

Select metal and PSU bank stocks were gaining in the trade. 

In the Nifty Metal pack, Tata Steel (down 0.63 %), APL Apollo Tubes (down 0.43 %), JSW Steel (down 0.41 %), Ratnamani Metals & Tubes (down 0.40 %) and Coal India (down 0.29 %) were trading in red. 

Hindalco Industries  (up 2.53 %), Indian Oil Corporation (up 2.15 %), Vedanta (up 2.02 %), NTPC (up 1.90%) and State Bank of India(up 0.91 %) were topping the Nifty chart. 

Benchmark Nifty50 index was 19 points down at 9,960, while the 30-share Sensex was 101 points down at 31,913.

In the Nifty50 pack, 21 stocks were trading in green, while 30 stocks were in red. 

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MM CLOSING BUZZ NEWS

NIFTY FUTURE UP 28.30 @ 9345.00

BANK NIFTY FUTURE UP 128.65 @ 22781.00

SENSEX UP 67.35 @ 29926.15

INR 64.25

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CLOSING BUZZ

NIFTY FUTURE UP 40.75 @ 9381.00

BANK NIFTY FUTURE UP 411.80 @ 22760.10

SENSEX UP 231.41 @ 30126.21

INR 64.20

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MM CLOSING BUZZ

NIFTY FUTURE UP 7.30 @ 9341.00


BANK NIFTY FUTURE UP 28.60 @ 22395.00


SENSEX UP 2.78 @ 29921.18


INR 64.18

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FUTURE POWER CALL UPDATE BY MARKET MAGNIFY

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SHARE MARKET - OPENING BUZZ

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