Friday, 29 September 2017

NIFTY 50 AND BANKNIFTY INTRADAY STRATEGY

DSR Broking

NIFTY 50

Updated for-Sep/29/2017 

Nifty closed on a bull note at 9768 level .So today on upside first intra resistance is at 9796-01 level.Next resistance are at 9824-29,9871-66,9922-27,9962-67,10028-33,10080-85,10096-01,10133-38,10176-81,10218-23,10249-53,10274-78,10320-24 level.On downside first support is at 9740-35 level.Next support are at 9712-07,9666-61,9615-10,9577-72, 9508-03,9462-57,9447-42,9423-18,9419-15,9389-85,9331-26 level. Market is bear zone mainly owing to korean tension .So today for intraday on upside intra resistance are at 9796 and 9829 level On downside be alert below 9735 and avoid all longs below 9707 level as selling may intensify below that level . 
  • Positional Support for NIFTY 9243 and positional Resistance for NIFTY is 9791 9875 9913 9959 9968 9985 10006 10024 .
  • Intraday Resistance of NIFTY are 9825 : 9871.5 : 9917.8 : 9938.5
  • Intraday Support of NIFTY are 9712.9 : 9666.4 : 9621.3 : 9600.9
BANK NIFTY 

BANKNIFTY 23735 21929 and positional Resistance for BANKNIFTY is 24215 24310 24488 24522 24524 24574 24637 .
  • Intraday Resistance of BANKNIFTY are 24265.5 : 24479 : 24241.1 : 24273.5
  • Intraday Support of BANKNIFTY are 23750.8 : 23537.3 : 23776.3 : 23744.2

Tuesday, 26 September 2017

How to trade in currency Market , Watch the video of Currency Factor

Top most four factor of currency market , In our Currency market trade are anticipating currency move only by US sale data and many logic thing to make our daily strategy . But is factor is the base of currency . And move understanding about so watch this video tell end. 

Video link : - https://youtu.be/AUCqyBADMIc
  

Inflation

As a general rule, a country with a consistently lower inflation rate exhibits a rising currency value, as its purchasing power increases relative to other currencies. During the last half of the 20th century, the countries with low inflation included Japan, Germany and Switzerland, while the U.S. and Canada achieved low inflation only later. Those countries with higher inflation typically see depreciation in their currency in relation to the currencies of their trading partners. This is also usually accompanied by higher interest rates.

Interest Rates

Interest rates, inflation and exchange rates are all highly correlated. By manipulating interest rates, central banks exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries. Therefore, higher interest rates attract foreign capital and cause the exchange rate to rise. The impact of higher interest rates is mitigated, however, if inflation in the country is much higher than in others, or if additional factors serve to drive the currency down. The opposite relationship exists for decreasing interest rates - that is, lower interest rates tend to decrease exchange rates.


ECONOMIC STABILITY

A country's political state and economic performance can affect its currency strength. A country with less risk for political turmoil is more attractive to foreign investors, as a result, drawing investment away from other countries with more political and economic stability. Increase in foreign capital, in turn, leads to an appreciation in the value of its domestic currency. A country with sound financial and trade policy does not give any room for uncertainty in value of its currency. But, a country prone to political confusions may see a depreciation in exchange rates.

TRADE BALANCE

Related to current accounts and balance of payments, the terms of trade is the ratio of export prices to import prices. A country's terms of trade improves if its exports prices rise at a greater rate than its imports prices. This results in higher revenue, which causes a higher demand for the country's currency and an increase in its currency's value. This results in an appreciation of exchange rate.

Monday, 25 September 2017

Reliance Home Finance Ltd lists shares on BSE and NSE

       IN TWO DAY STOCK WILL HIT 5% CIRCUIT 



Reliance Home Finance Ltd. lists its Equity Shares at the National Stock Exchange of India Ltd. (NSE) and BSE Ltd.

The announcement was made at an impressive listing ceremony fittingly held at NSE. The event began by lighting of the ceremonial lamp by the hands of Mrs.Tina Ambani. Other key personnel present were Mr. Anil Dhirubhai Ambani, Chairman, Reliance Group of Companies; Mr. Anmol Ambani, Executive Director, Reliance Capital; Mr. Ravindra Sudhalkar, ED & CEO, Reliance Home Finance and Mr. Vikram Limaye, MD & CEO, NSE. The listing ceremony was well attended by key stakeholders including Board of Directors, Executive Managers and other dignitaries.

Speaking about RHFL's listing, Mr. Anmol Ambani, Executive Director, Reliance Capital said, "The listing results in Reliance Capital Shareholders directly owning stake in RHFL, with over 9 lakh shareholders, the largest shareholder base in a housing finance company." Making a special mention on Prime Minister, Shri Narendra Modi's vision for 'Housing for All' he added saying "Our focus remains on affordable housing and you will see proportion of that increasing in our overall book. Our legacy precedes us, and coupled with the expertise of our leadership, we are prepared to chart new paths and work towards the dreams of millions of Indians."

In extending congratulatory remarks, Mr. Vikram Limaye, MD & CEO, NSE emphasized that the listing of strong and stable companies like Reliance Home Finance listing on the securities exchange will have a positive impact on the market and the development of the economy.

Highlighting the Company's strategic plan for continued growth Mr. Ravindra Sudhalkar, ED & CEO, Reliance Home Finance said he is extremely pleased to be leading the team at Reliance Home Finance. "We are delighted to have achieved this milestone in such a short period of time. But none of this would have been possible without the continued support of the strong team at Reliance Home Finance and our 33,000 customers, who have shown faith towards the Company and have allowed us to serve them."

The Company had earlier announced how all Shareholders of Reliance Capital Ltd. have already received one free share of Reliance Home Finance Ltd. for every share held in Reliance Capital Ltd. as on Record Date i.e. September 6, 2017. The transfer was earlier approved by an overwhelming majority of 99.59 per cent votes in favour of the Scheme of Arrangement at the Tribunal-convened general shareholders meeting held on July 24, 2017, and that other requisite approvals had been duly received.

Reliance Capital will hold a 51 per cent stake in Reliance Home Finance Ltd., and the Company is adequately capitalised to grow the lending book multi-fold in the future.

Reliance Home Finance has Assets under management (including securitized portfolio) of Rs.13,022 crore (US$ 2.0 billion) as of June 30, 2017.

Thursday, 21 September 2017

Prataap Snacks Limited IPO (Prataap Snacks) Detail

DSR Broking

                                    Up Coming IPO

Incorporated in 2009, Prataap Snacks is Indore, MP based Indian Snack Food Company. Prataap Snacks sell products under the brand name "Yellow Diamond". Company is among the top 6 Indian organized snack market.
Prataap Snacks has a diversified product portfolio including traditional and western snacks. Company manufacture and sell it's snacks under three major savory snack food categories:
1. Extruded Snacks: Processed, reconstituted and shaped potato or cereal based snacks. This includes Puffs, Rings, Pellets and Chulbule products.
2. Chips: Fried, sliced chips or crisps made from potatoes, hummus, lentils.
3. Namkeen: Traditional savoury Indian snack which includes products such as moong dal, masala or fried nuts, sev and bhujia.
In Fiscal 2017, revenue from Extruded Snacks, Chips and Namkeen represented 62.99%, 23.85%, and 12.23%, respectively

Company has pan-India distribution network supported by strategically located manufacturing facilities. Company's distribution network included 205 super stockists and over 3,400 distributors.
Prataap Snacks own and operate three manufacturing facilities, one located at Indore and the other two located at Guwahati, Assam.

Company Promoters:

The Promoters of the Company are Arvind Mehta, Amit Kumat, Apoorva Kumat, Rajesh Mehta, Naveen Mehta, Arun Mehta, Kanta Mehta, Rita Mehta, Premlata Kumat, Swati Bapna, Rakhi Kumat, Sandhya Kumat and SCI Growth Investments II.

Company Financials:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets4,271.753,414.012,991.312,798.792,220.65
Total Revenue9,054.577,579.015,605.714,468.453,444.84
Profit After Tax98.93273.7399.0253.79148.72

Objects of the Issue:

The Issue comprises the Fresh Issue and the Offer for Sale.
1. Offer for Sale
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
A. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company;
B. Funding capital expenditure requirements in relation to expansion and modernisation at certain of our existing manufacturing facilities;
C. Investment in its Subsidiary, Pure N Sure, towards enabling the repayment/pre-payment of certain borrowings availed of by our Subsidiary;
D. Marketing and brand-building activities; and
E. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 22, 2017 - Sep 26, 2017 
  »»  Issue Type: Book Built Issue IPO 
  »»  Issue Size: 
    ›  Fresh Issue of [.] Equity Shares of Rs 5 aggregating up to Rs 200.00 Cr 
    ›  Offer for Sale of 3,005,770 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 5 Per Equity Share 
  »»  Issue Price: Rs 930 - Rs 938 Per Equity Share 
  »»  Market Lot: 15 Shares 
  »»  Minimum Order Quantity: 15 Shares 
  »»  Listing At: BSE, NSE

SBI Life Insurance Company Ltd IPO (SBI Life Insurance IPO) Detail

DSR Broking
Incorporated in 2000, SBI Life Insurance Company Limited is India based private life insurer. SBI Life Insurance is a joint venture between the State Bank and BNPPC. State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
Company has developed a multi-channel distribution network comprising bank branches of SBI and its associated banks, individual agent network (93,849 agents) and other distribution channels including direct sales and sales through corporate agents, brokers, insurance marketing firms and other intermediaries.
SBI Life turned profitable within the first five years of our operations, and have declared dividends every year since 2012.
Competitive Strengths
1. Largest private life insurer in India since 2010. 
2. Backed by SBI and BNPPC
3. Vast multi-channel distribution with pan-India presence (Branches, Agents and Online)
4. Strong capital base. Company has not required additional capital infusion since 2008.
5. Diversified product portfolio

Company Promoters:

The Promoters of the Company are State Bank and BNPPC.

Company Financials:

Summary of financial Information
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets26,782.8923,110.6225,516.1924,341.7719,756.78
Total Revenue302,775.13191,197.24231,864.86173,694.22149,755.25
Profit After Tax9,546.538,441.038,148.677,277.536,301.12

Objects of the Issue:

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.

Issue Detail:

  »»  Issue Open: Sep 20, 2017 - Sep 22, 2017 
  »»  Issue Type: Book Built Issue IPO 
  »»  Issue Size: 120,000,000 Equity Shares of Rs 10 aggregating up to Rs 8,400.00 Cr 
    ›  Offer for Sale of 120,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr 
  »»  Face Value: Rs 10 Per Equity Share 
  »»  Issue Price: Rs 685 - Rs 700 Per Equity Share 
  »»  Market Lot: 21 Shares 
  »»  Minimum Order Quantity: 21 Shares 
  »»  Listing At: BSE, NSE

Monday, 18 September 2017

Dixon Technologies share was going up and Nifty has maded a fresh high

DSR Broking

Today, Dixon Technologies has an important listing of its stock, And Today, which was the most growing share in the entire market, its name is Dixon Technologies.

Consumer electronics manufacturer Dixon Technologies climbed over 66 per cent in Monday's trade after making a stellar debut earlier in a day. 

The scrip rallied further and hit a high of Rs 2,998 on BSE. At 1 pm, the stock was trading at Rs 2935, up 66.20 per cent. The stock, earlier in the day, made a stellar debut on BSE, as the scrip got listed at Rs 2,725, a premium of 54.30 per cent over its issue price of Rs 1,766. 

At the issue price, P/E multiple worked out to be 38.5 times of FY2017 EPS while on P/BV basis, the stock was valued at 9.8 times of FY2017 book value. 

The IPO which ran between September 6 and September 8 had witness an overwhelming response from investors. It was subscribed 117.83 times, with the portion reserved for non-institutional investors getting 345.61 times subscription, followed by qualified institutional buyers (QIBs) 134.66 times,and retail individual investors-10.60 times. The company had fixed the price band at Rs 1,760-1,766. 


The offer comprised of fresh issue aggregating up to Rs 60 crore shares and offer for sale of up to 30,53,675 shares by certain existing shareholders. 

Friday, 8 September 2017

Dixon Technologies (India) Limited IPO (Dixon IPO) Detail

Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include:
1. Consumer electronics like LED TVs
2. Home appliances like washing machines
3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones
Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.
Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.
Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue.
Company have six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand. Company has over 629 permanent employees and 4,030 contractors.
Competitive Strengths
1. Leading market position in key verticals (Manufacturing of TVs, washing machines, LED and CFL lights)
2. Strong relationships with a diverse top-tier customer base (Global & National Brands and Domestic retail private labels)
3. End to end solutions provider with dedicated research and development capabilities (R&D, Global sourcing, Backward integration, Reverse Logistics)
4. Flexible and cost-effective manufacturing capabilities
5. Strong Financial Performance and stable cash flows

Company Promoters:

Sunil Vachani, 48, is the promoter of the Company. He has 43.97% pre-offer holding in the company. He is the Executive Chairman of Dixon.

Company Financials:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets5,078.933,276.762,831.132,677.002,594.41
Total Revenue16,456.6212,536.5411,168.1810,650.157,262.33
Profit After Tax464.81364.0098.13109.6519.33

Objects of the Issue:

The Offer consists of a Fresh Issue and an Offer for Sale by the Selling Shareholders.
1. The Proceeds from the Offer for Sale
The proceeds from the Offer for Sale shall be received by the Selling Shareholders and Company shall not receive any proceeds from the Offer for Sale.
2. Objects of the Fresh Issue
Company proposes to utilise the Net Proceeds towards funding the following objects:
A. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company;
B. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility;
C. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun I Facility;
D. Upgradation of the information technology infrastructure of the Company; and
E. General corporate purposes.

Bharat Road Network Limited IPO (Bharat Road Network IPO) Detail

Incorporated in 2006, Bharat Road Network Limited, a subsidiary of SREI Infrastructure Finance Ltd is engaged in the business of development, implementation, operation, and maintenance of roads/highways projects.
Bharat Road involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.
Company offers a range of project management services, including design, engineering, and quality control, as well as engineering, processing, and construction management; and project advisory services, such as project management consultancy, project conceptualization, commissioning, and operation and management of the projects, as well as undertakes debt syndication, refinancing, and financial restructuring of its projects.
Their project portfolio consisting of six (6) BOT Projects, of which two (2) are Projects operational under Final COD, three (3) are Projects operational under Provisional COD and one (1) is a Project under Construction.

Company Promoters:

The Promoters of the company are:
1. Srei Infrastructure Finance Limited ("SREI")
2. Make in India Fund

Company Financials:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets12,323.918,368.036,289.655,159.453,277.50
Total Revenue149.2842.52414.8896.4030.59
Profit After Tax(738.85)(925.44)(264.22)(607.61)(168.77)

Objects of the Issue:

The object of the issue are:
1. Advancing of subordinate debt in form of interest free unsecured loan to their Subsidiary, STPL, for part financing of the STPL Project ("STPL Sponsor Investment"); 
2. Acquisition of the subordinated debt in the form of unsecured loan s/OCPIDs/warrants/OCDs, advanced/held by SREI to STPL, KEPL and MTPL ("Identified SPVs"); 
3. Benefits of listing of its Equity Shares on the Stock Exchanges; and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 6, 2017 - Sep 8, 2017 
  »»  Issue Type: Book Built Issue IPO 
  »»  Issue Size: 29,300,000 Equity Shares of Rs 10 aggregating up to Rs 600.65 Cr 
  »»  Face Value: Rs 10 Per Equity Share 
  »»  Issue Price: Rs 195 - Rs 205 Per Equity Share 
  »»  Market Lot: 73 Shares 
  »»  Minimum Order Quantity: 73 Shares 
  »»  Listing At: BSE, NSE

Trends in selected commodity markets

After two months of average declines there was a recovery in oil prices in the second half of the month on improving signs of market rebalancing supported by overall commodities market sentiment. At the same time, improving global manufacturing prospects yielded support to base metal prices. The Markit global manufacturing PMI rose to a three-month high of 52.7, supported mainly by some acceleration in China.

Agricultural commodities -  were supported by adverse weather conditions in the US plains, though as weather conditions improved the larger share of the gains were reversed. Meanwhile, a lower expected path of interest rate increases by the US Federal Reserve (Fed) in the second half of the month was supportive of gold prices while the US dollar generally weakened.

Agricultural prices advanced with increases in food, beverages and raw materials groups. Increases in food prices were led by higher soybean and wheat prices, particularly in the first days of the month as dry weather in the US northern plains from the end of June to the beginning of July fuelled concerns about the output of that region. However, with dry weather receding, market attention turned towards expectations persistent large stocks in the marketing year 2017/2018. The US Department of Agriculture increased its expectations for global ending stocks of soybean, rice and corn, while seeing a marginal decline for wheat.

Sugar prices advanced on top of a strengthening of the Brazilian currency, and a reduction on the taxes on ethanol at the end of the month, both developments which are expected to encourage that a higher share of the Brazilian sugarcane output be diverted towards ethanol rather than sugar production. 

Base metal prices -  experienced a broad based advance following strong performance of the construction and manufacturing sectors of China in the 2Q17, which in the case of manufacturing appears to have further strengthened in July as shown by the Caixin Manufacturing PMI reading of 51.4, vs. 50.4 the previous month. At the same time, some disruptions from key suppliers were also supportive of prices. Copper prices surged to two-year highs also supported by lower output in Chile – down 5.7% y-o-y in June according to the country’s statistics institute - mainly related to torrential rain and mine strikes the previous months, while in Indonesia the continuation of a strike in the Grasberg mine – the world’s second largest – also continued to affect supplies. Nickel prices jumped mainly on uncertainties regarding the mining policies of the government, which had appeared eager to relax mining restrictions the previous two months. Aluminium prices increased at a smaller pace as the China output in the month of June was reported at 9.1% higher y-o-y according to the International Aluminium Institute (IAI), and accounted for the majority of the 5.7% y-o-y global output gain in that month. Iron ore prices jumped on strong demand for steel making. In June, global steel output rose by 3.2% but largely due to a 5.7% y-o-y increase in steel output in China, according to World Steel Association.

Energy commodity -  prices advanced led by rising crude oil prices on increasing optimism about market rebalancing after a series of stock drawdowns in the US. Natural gas prices were relatively stable in the US though they declined at the end of the month on expectations that cooler weather at the beginning of August would reduce demand. In Europe, hub prices were relatively weak for most of the month but strengthened at
the end of the month due to expectations of a heat wave at the beginning of August. Meanwhile, natural gas inventories in the EU-28 were at 64% full at the end of July, versus 51.2% at the end of the previous month, according to Gas Infrastructure Europe. Thermal coal prices rebounded for the second consecutive month on increased thermal power demand in China following a heatwave during the month, reduced hydroelectric
output due to flooding and reduced supply from Indonesia and other suppliers.

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CRUDEOIL TREND & INTRADAY LEVELS

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