Monday, 21 December 2015

Crude Oil will lift Reliance and overall gross refining margins

Outlook of oil sector :

Our top pick: Reliance industries
Buy zone existed between 990 to 965 add more at every dip .

Your stop loss 920

Targets 1032 1172 1284 ultimate target 1320 ( hold just 2 to 3 months )

Shares of oil and gas production companies Oil and Natural Gas Corp Ltd and Oil India Ltd may come under pressure next week as crude prices continue to slide hitting all time lows.

Experts are predicting as :

This could mean a prolonged pressure on oil prices, which will bleed producers like ONGC and Oil India.
"Given the environment, where crude oil prices see-saw the cost of production, OIL (Oil India) is likely to face challenge to remain operationally profitable in case crude oil slips further. There is a possibility to slide below 400.

Trading volumes are seen muted this week ahead of the Christmas holiday season in most western countries and a curtailed trading week in India with Friday being a holiday due to Christmas.

Shares of oil marketing companies Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd are also seen under pressure despite an improvement in refining margins this quarter.

The sharp fall in crude and product prices in Oct-Dec may result in inventory losses for these companies with IOC seen as the worst affected as it maintains around 45 days of inventory compared with 22-25 days of HPCL and BPCL. The Indian basket of oil has averaged $43 in Oct-Dec, compared with $50 in Jul-Sep, but the fall has been sharper in recent weeks.

At the same time , the above negative situations are became (turned as) great positive for Indian Giant Reliance Industries .

Reliance Industries Ltd is likely to benefit the most from the robust refining margins. Increasing demand for products, especially naphtha, petrol and diesel will lift overall gross refining margins -- more so for complex refinery.

Friday, 20 November 2015

Stock trend update on weekend, Stock trading tips Today

Bull  make their appearance again with Sensex and Nifty show a striking  trend.Market currently is going through a phase of volatility opened with negative node on earlier trend today after a strong gains on the previous day.

The Strong Upmoves  in Indices push the SENSEX gain  over 190 point  (0.71%) at 26024 while Nifty Trading Flat down 56.75 (0.67%) at 7899.20  led by losses in ITC, HDFC Bank -0.55 %, RIL -0.73 %, Sun Pharma, and HDFC Bank.

Stock tips Today:

Bank stocks are moving
Buy The Stock Of SBI at Current Market Price With Target 251 S/L 243
Buy The Stock Of Axis Bank at Current Market Price With Target 270 S/L 262
Buy The Stock of Tata Motors still the chance to break 410 Level Today
Book profit fast by selling stock of jindal Steel with Target 83

Tuesday, 22 September 2015

Share Market Today Closing a Volatile, Range Bound Session Down

At the closing on the day the Volatile, Range Bound Session go a long way toward stabilizing ending a painful session losing their upward trend of early morning.

The market rebounded in a big way on Tuesday as the sensex let a 133 point gain disappear and finished down 500 points, the BSE sensex rallied sharply in the morning session, closing down 541.14 points, or 2.07 %, to 25651.84.

All The major indexes ultimately closed in the red , after touching the green line.The broader NIfty Index ended nearly 165 .10 points lower 2.07% at 7812.00.

Stock Tips For Tomorrow 

With an upside target of Rs 615, one can initiate a long position on the stock of Tech Mahindra at a stop loss of Rs 550

With lower levels around Rs 231-227, one can consider buying a stock of SBI.

Get more Tips For Tomorrow Visit Share Tips