5 Momentum Stock for the Day- 5paisa Morning Updates | IPO Updates | Stock in News | 08 th Sept

In this video, we have spoken about Market Outlook for the Day.

Watch this video to know more. #momentumstocks #5paisapremarketnews #5paisamorningcuppa #5paisastockideas #fii #dii #nifty #banknifty #Tradewith5paisa #technicals Nifty Outlook:
Nifty Outlook: 

Nifty finds important support around 17200 while 17500 will act as resistance. 

Bank Nifty: 

Bank Nifty finds support around 36150 while 36950 will act as resistance. 

5 Momentum Stocks for the Day)

Cash Delivery (Holding Period 7 to 10 Days)

DOLLAR :Strong Volumes
Buy = 393, SL = 380, Target 1 = 410, Target 2= 427

BALAMINES: Sideways move is expected to end
Buy= 4225, SL= 4170, Target 1= 4385

TIINDIA :Renewed buying expected
Buy= 1387, SL=1345, Target = 1472

APLAPOLLO: Breakout on chart 
Buy= 1765, SL= 1715, Target 1= 1820, Target 2= 1890

RALLIS: Recovery on cards    
Buy=292, SL= 286, Target =306

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial

Performance of Trading Picks:
Swing trade IRCTC went up 10% in 1 day

Swing trade CANFINHOME went up 7.3% in 1 day

Swing trade SUNDRMFAST 3.2% in 1 day

BLUEDART went up 4%

PNCINFRA is 15% in 4 days

Profit of Rs 17.8k from BTST MPHASIS

Stocks in News:
EID Parry India: The company has approved the setting up of a 120 KLPD grain/sugar syrup/molasses based Distillery at Sankili unit in Andhra Pradesh.

Pidilite Industries has received board of directors approval for the scheme of amalgamation of Cipy Polyurethanes and Pidilite Adhesives into the company.Cipy Polyurethanes and Pidilite Adhesives are wholly-owned subsidiaries of Pidilite Industries.

IPO Updates:
Healthium Medtech Limited a global medtech company focused on products used in surgical, post-surgical and chronic care, has filed it’s Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The company plans to raise funds via Initial Public offerings through fresh issues aggregating up to Rs390cr (The “Fresh Issue”) and an “Offer for Sale (OFS)” comprising up to 39,100,000 equity shares.

FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 145.45 crore, while domestic institutional investors (DIIs) net offloaded shares worth Rs 136.57 crore in the Indian equity market on September 7, as per provisional data available on the NSE.

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