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The Economic Revolution
The Economic Revolution
THE
ECONOMIC REVOLUTION
Every thing that’s on Money !!!
Web site : www.theeconomicrevolution.in PUBLISHES IN ENGLISH AND GUJARATI LANGUAGES
E mail : theeconomicrevolution@yahoo.co.in THE FINANCIAL WEEKLY
• Year : 12 • Issue :06 • Date :17-07-2023 • Editor : NARENDRA G. JOSHI • Page - 8 • Price : Rs. 10/- • Annual Sub -Rs.500
Regd. Office : H-115/991, Nirmal Appartments, Opp. Jaymangal BRTS Bus Stop, 132’ Ring Road, Naranpura, AHMEDABAD-380 063. • Mo. 98250 65387
MARKET MOVEMENT
CONTD FROM PAGE 1
the general sentiment.FIIs
will continue to hold the NIFTY THIS WEEK FINAL
key for intermittent move
global markets posted
weak trends, bullish FIIs
Friday - The final ses-
sion of the week also
of the markets. HIGH !!OR TRAPPED ALL ? UPSIDE LEVEL'S
Amidst such a sce- HELLO EVERYONE...
kept parking funds in In-
dia that helped our markets
marked positive opening
that finally ended with
nario, BSE Sensex may OUR MARKET Point To Point 44950 45060 45180 45275
45387 45480+
move in the range of 66750 BULLISH LIKE THIS YEAR NEXT WEEK
to sustain tempo of north- good gains on renewed Manoj
- 64750, and NSE Nifty be- MONSOON !! PERFECT STOCK
ward march. FMCG, Capi- support of FIIs and punt- NOW CONFUSED ALL H.Trevadia
tween 20100-18800. LEVELS.
tal Goods, Consumer ers ahead of Q1 number STOCK MARKET
Board meet is sched- ).).09867935701
M). HINDUNILVR - above
Durables, Auto counters season round the corner. PLAYERS !
uled to consider bonus is- YT-Thetraderrooms 2685 Good For Up Side
gained on renewed sup- BSE Sensex gained 502.01 WHAT TO DO ? Email- <108jain@gmail.com> Levels 2710 2728 2749 2788
sue by Vivanta Ind
port from fund houses. As points to close at 66060.90 BUY OR SELL ? & Below 2750 Weak.
(18.07.23), Earum Pharma BULLISH.
Mid and Small cap indices and NSE Nifty scored BIG QUESTION ALL LT - Above 2480 Good
(21.07.23), GNA Axles PERSON. PLEASE READ MY
outperformed benchmarks 150.75 points to end the For UpSide Levels
(21.07.23), JTL Ind MANY RUMOR START PREVIOUS ARTICLE
and got support from the day at 19564.50. For the day ALSO. 2500 2518 2537 2560 + &
(29.07.23), Tinna Rubber NOW !
side counters, market after new all-time high NIFTY LEVEL'S - THIS Below 2444 Weak
(29.07.23). MANY PERSON OR
breadth turned marginally intraday we also witnessed WEEK NIFTY 250++ POINT AXIS BANK - Above
PRIMARY MARKET: ANALYST say's OUR 962 Good For Up Side
positive. FIIs continued to new historic high closing MOVEMENT.
New milestone making MARKET BIG BULLISH. Levels 970 978 999 & Below
be the net buyers and DIIs for Sensex and Nifty. IT THEY TOLD NOW NOW NIFTY GOING
continued for the second- 947 weak.
were the net sellers for the counters lead the rally and NIFTY 20000 & TILL 19650 19700 19788 19800 ...
ary market and that fuelled & BUYING ZONE 19510 BHARTIARTL - Above
day. got support from select DIWALI 21000++.
sentiment for the primary 19465 19430 19380 . 890 Good For Up Side
Wednesday-We wit- Auto, Metal, FMCG BUT USED OUR MIND Levels 899 907 916 930 &
market as well. As per pri- FOLLOW ALL
nessed hat trick of positive counters, while Pharma, ! Below 877 Weak
mary market reports, there LEVEL'S.
openings of the session Power, Consumer Durables NOT TRAPPED ANY UPL - ABOVE 641
are about half a dozen SMALL OR manipulation EVERY UPSIDE &
for the week, that finally eased and curtailed rise in Good For Up Side Levels
SME and three to four Stock. DOWNSIDE LEVELS
closed in red with profit benchmarks. Market MARKS YOUR CHART OR 647 655 661 670 & Below 630
mainboard IPOs are lined TRADE WITH
booking at higher levels. breadth turned positive DIARY. Weak.
up before the end of this STRICTLY STOPLOSS.
BSE Sensex lost 223.94 with Mid and Small cap in- if U want Perfect Live HCLTECH - Above
month. IF DELIVERY BUY 1150 For Up Side Level 1163
points to close at 65393.90 dices outperforming Market Stock or Index
For mainboard we THEN ALSO 10% TO 20% 1174 1187 1198 & Below
and NSE Nifty marked a benchmarks and the side STOPLOSS YOUR BUYING Levels Then Send "Hello"
marked opening and clos- 1136 Weak.
deficit of 55.10 points to market posting gaining mo- COST. My Number (Whatsapp)
ing of Utkarsh SFB that I m Send Link My ONGC - Above 165
end the day at 19384.30. mentum. FIIs were the net I THINK THIS WEEK
got overwhelming re- Group. Good for Upside Levels 174
Markets that were holding buyers and DIIs were the LAST TEJI !! 178 185 190 & weak Below
sponse of 110.77 times BANK NIFTY
the tempo of northward net sellers for the day. Sea- EXPIRY WEEK VERY 162.
subscription (excluding LEVEL'S - THIS WEEK
march witnessed break as soned observers attributed VOLATILE WEEK Disclaimer -
Anchor). On new listing SHOWING. NOT PERFORMED BANK
FIIs turned net seller in the this rally to India's success- I M Not Sebi Register
front, we witnessed debut IF YOU ARE TRADE IN NIFTY IN OUR MARKET .
final hour with all out sell- ful "Chandrayan-3" launch. BUT I THINK NEXT ADVISER.
of Cyient DLM with INDEX OPTIONS THEN
ing in IT, Banking and Summary of weekly ac- WEEK BANK NIFTYALSO All Levels Only
51.32% premium and PLEASE FOLLOW
other fancy counters. tivities: NEW HIGH . Learning& Education
Senco Gold with 35.96% STRICLY STOPLOSS AND Purpose.
However, Metal counters During the week divi- BANK NIFTY
premium. For ensuing SMALL PROFIT BOOK Please Consultant Your
gained on positive market dend announcement came LIKE SCALPING. SUPPORT & BUYING
week, we have Netweb Financial Adviser Before
reports. In fact, fund in fromEcoplast (15%), LAST WEEK I TOLD ZONE 44655 44550 44450
Technologies mainboard 44330 44200 Investment or Trade.
houses preferred to switch Hindustan Zinc (350%), YOU OUR MARKET ARE
IPO.
over to side market from Pearl Green Clubs (10%),
index based long position. RailTel Corp (18.5%),
On SME front, we
marked closing of four
This week we are expecting positive move in soft-
Though Mid and Small cap
indices outperformed
Xchanging Solu (150%),
Generic Engg (1%), HCL
IPOs of AccelerateBS ware, liquor , rice, sugar, media and Rice stocks
(49.19 times), Drone Des- As per Col Ajay CEO software, liquor , rice,
benchmarks, weak side Tech (500%), TCS (900%),
tination (191.65 times), www.ajayastromoneyguru.com ASTROMONEY GURU sugar, media and Rice
market kept a tab and we Angel One (92.5%),
Kaka Ind. (292.66 times), third week of July stocks
witnessed marginally Bhansali Engg (100%), Bri-
Ahasolar (34.79 times), month 2023 represented COL.AJAY Keep eyes on LT
negative market breadth. gade Enterprises (20%),
while Service Care that by planet known Sun and Food, TCS consultancy
Surprisingly FIIs turned Astra Micro (80%), etc. year 2023 represented
(M) 09414056705
opened on Friday got 0.63 services , Balrampur
net sellers and DIIs re- During the week, com- astromoneyguru@gmail.com
times subscription till clos- by planet known as ketu. www.ajayastromoneyguru.com chini, Zee entertainment,
mained net buyers for the panies turned ex-bonus in- Combination of Sun Radico khetan etc
ing of the week. This is- Maharastra are facing less
day. FIIs emerged as net cluded Taparia Tools (4 for may bring postive trend Sugar and Rice ex-
sue is closing on 18.07.23. rains while Rajasthan ,
sellers after a long period 1), Aptech (2 for 5). in sugar, rice , software , pected to show positive
For ensuing week, we have Punjab , haryana rains
of 10 sessions as a net During the week, Rights media stocks in global move on spot market .
Asarfi Hospital SME IPO. On reported excess rains
buyer. Issue announcement came market in week starts Timely profit booking
SME new listing front, we Remember Khrif sea-
Thursday - Gap up in from Jaykay Enterprise marked debut of Alphalogic from 17 July to 21 July is mandatory for short
son is mainly for cotton
opening was seen for the (1 for 1). 2023 term trading
Ind. and Tridhya Tech at par ,oil seeds pulses and
second last session of the During the week bonus Important planet sun The above prediction
and Global Pet (+6.12%) and grains .
week that also closed in announcement came in will make conjuction with and Analysis is done basis
Synoptics Tech (-0.42%0. This week in very Im-
green. BSE Sensex scored from Lancor Holding (1 for Mercury in Moon house . of Fundamental Analysis
Thus mixed debut will have portant for Monsoon if
164.99 points to end the 2). Our advance predic- and Financial Astrology .
its sentimental impact of sufficient rains fall in
The week ahead: tion made inprevious Risk management is
day at 65558.89 and NSE SME IPOs that are lined up. Maharashtra and karnatak
Brent crude started
artcal about positive mandatory tool in stock
Nifty gained 29.45 points to On Rights Issue front, serious problem may be
move in stock market Market .
close at 19413.75. IT boiling on disturbed global we marked opening of seen in future for infla-
proved correct . You may use your wis-
counters surged ahead of c o n d i t i o n s a n d Shraddha Prime, Bandaram tions
LT Food ltd has seen dom and consult your ana-
results announcement and marked80.75$ a barrel by Pharma, while for ensuing We are expecting coal
good up trend . lyst before taking any de-
got support from FMCG the weekend.Rupee con- week we have Shree Ram stocks are looking good as
Hope Readers must cision .
counters. However, Bank- tinued to ease and Proteins, Eiko Life (both Investment opportunity.
have Enjoyed big profit . The above Analysis
ing counters lead the doom endedthe week atRs. 82.20 opening on 17.07.23), GG Keep eyes on Coal India .
As per latest informa- only for Education pur-
and curtailed surge in a dollar.We have around Engg (20.07.23) and Seacoast This week we are ex-
tion karnatak , pose.
200+ corporate Shipping (21.07.23). pecting positive move in
benchmarks. Market
breadth remained negative meetingsfor the ensuing On NCD Issue front, we ATTENTION
week. Market men has on marked opening and closing The material contained in the Economic Revolution is based on Fundamental and Technical
as Mid and Small cap indi- analysis & other scientific methods and also the knowledge and belief of author. Error can not to
ces underperformed bench- radar Q1 numbers and of Navi Finserv, and open- be rulled out. The information given is of General advisory nature only. The Editor, the Publisher
marks and the side market other macro and micro eco- ing of Indiabulls Housing and the Author does not take any consequences arising out of it. All rights reserved. Reproducing
Fin. on 10.07.23. Ongoing to whole or in part of any matter including featurs without permision is not permitted. Legal
too remain weak. FIIs nomic data along and jurisdiction is Ahmedabad only. The material given in the Economic Revolution is the views of
turned net buyers and DIIs progress of monsoon. As NCD issue from Edelweiss author only, it not means that Editor is agree with it, so Editor, the Publisher and the printer is
were the net sellers for the usual, Global trends will Fin. will be closing on not resposible for the contains in writers article.
17.07.23. Narendra Joshi, Editor,The Economic Revolution.
day. continue to keep a tab on
THE 3
Date:17.07.2023 to 23.07.2023
ECONOMIC REVOLUTION FINANCIAL WEEKLY
4 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date:17.07.2023 to 23.07.2023
ing date. posted growth in its finan- Based on its FY23 perfor-
IPO CORNER Conclusion / Investment cial performance for the re- mance, the issue appears
CONTD FROM PAGE 04 Strategy ported periods. It is on an reasonably priced. This seg-
V G STOCKS RESEARCH
CONTD FROM PAGE 1
Don't miss these top stocks with strong fundamentals worth
price of Rs 1707, then the price around that showing a weekly to 19851 which will act as a
keeping in the portfolio of every long-term investor.
below Rs 1615 to Rs 1588 can high above 19590. In last level barrier. A bounce below KNR CONSTRUCTION:
be seen.
A strong bullish move in
week's article I mentioned
Nifty sustaining a bullish
19709 can see normal profit
booking. A break above 19709
The company's total order
book stands at Rs8,872.1cr in-
BULL'S EYE
Sensex is opening above the move above 19156, a level that and a close above 19851 may cluding L1 orders of Rs1,780cr SANKET BAGADIA
upper Bollinger Band 66648 to was not broken throughout see new historical highs. 44038 which is 2.4x FY23 revenue M.): +91 9998660566
67193 which will act as an im- the week where a bullish as support while 45746 as bar- and provides strong revenue Email:rutveek_sanket007@yahoo.co.in
move from lows around 19330 visibility for the next two to YT :https://www.youtube.com/c/SanketBagadia
portant barrier level. A bounce rier in Bank Nifty.
below 66648 may see sudden showed a bounce of 260 -- Short to medium term three years. The company has
points above 19590. 19488 in- not received any major orders provement and better mix). While retaining focus on card,
profit booking. Crossing 66648 trading target recommenda- Management aims to achieve MFI and commercial banking,
and closing above it can see dicated a target of 19626, ac- tions based on price action in FY23 due to higher compe-
cordingly above 19488 indi- tition and unwillingness to precovid EBITDA margin of RBL intends to aggressively
targets above 67139. Despite analysis ~25% by FY24. According to grow its newly-launched retail
the historic bullish moves seen cated a weekend high around --- Snowman Logistics compromise on margins. The
19600. In Bank Nifty, 44275 management has guided for the management, the B2B products (housing, wheels,
in the market, some stocks with (Buy) (49.85)...Interim target segment's contribution to gold, and small business
strong fundamentals are still was mentioned as support, Rs 53 to Rs 58 FY24 order inflows of Rs
which level was not broken 4500cr, despite recently won overall revenues, which is now loans), predominantly in tier-2
undervalued, with expected The stock has seen a at 26%, is likely to increase to and tier-3 locations. These are
returns of 300 to 600 percent throughout the week while the breakout in the last week with HAM projects of Rs 2,000cr.
barrier of 45733 was not Apart from NHAI orders, KNR 33-35% - given that it is the secured businesses, with
over the medium to long term. the formation of a V bottom key growth driver for the com- higher yields and consume
Some value buy stocks to add crossed either. Nifty surged which can be considered posi- is also bidding for orders from
over 140 points on weekly various state governments, pany. In addition, management relatively less capital. There is
to the portfolio in the coming tive for short to medium term has given some clarity on the large unmet demand for these
period. Attractive offers of basis. moves. A bullish trade can be where payment cycle is bet-
Nifty is forming a gap up ter. Further, the company is company's new businesses, products in the market and the
PMS and Trading Member- made for the given targets which we think should shore bank intends to leverage the
ship are running in which the on the weekly chart which is keeping in mind the support looking ahead to diversify the
giving indications that the order book to sectors like, rail- up investor confidence. The same for aggressive growth.
readers who want to join can of Rs 46 and Rs 42 in this JD Xperts business pilot It intends to scale up the
get more information by send- bullish move will continue smallcap stock. If the price of way, metro, urban infra and ir-
above the important support rigation, to keep the revenue phase seems to be coming to branch network from ~517 cur-
ing a WhatsApp message or Rs 42 is sustained, the prices a conclusion with material im- rently to 800 over the next 3
email to the given mobile num- area 19384 and 19171 in Nifty. can be seen from Rs 58 to Rs visibility intact. KNR's order
A break below 19384 with book is now concentrated on provement in key operating years and leverage its BC
ber. Achieved targets of 95% 63 and above Rs 68. metrics and the business is points for lead generation. RBL
of recommendations in trading heavy volume and a close --- Maruti (Sell) south India with AP
below 19171 could see a low &Telangana (37%), Kerala gearing up for its commercial has already invested signifi-
and investment recommenda- (9605)...short-term target Rs launch over the next 3-4 cantly into its asset platform,
tions to members after March level below. The technical in- 9528 to Rs 9452 (35%), Karnataka (15%), and
dicator is slowly moving out TN (14%). We expect healthy months. The JD Mart busi- systems, processes, technol-
2023 with a cumulative return Given that the stock has ness will be focused on 'dis- ogy and feet-on-street. It thus
of over 160%. All the technical of the overbought phase, seen continuous profit book- order wins to remain the key
which can be considered catalyst for further re-rating. covery and classifieds space', believes a large part of fixed
indicators in the short to me- ing from the Rs 10000 level, the with limited exposure to the costs have already been in-
dium term have managed to positive in the medium to long We expect the company to re-
profit booking in the stock is transaction layer of the busi- curred and that incremental
exit the overbought phase at a term. Bearish and bullish rec- ceive better order intake which
likely to continue. Traders can ness model. The JD Shopping costs would be volume-led.
slow pace which can be con- ommendations in Nifty to our shall drive its revenue growth
make bearish trades for the moving forward. We expect business model is being re- Management sounded confi-
sidered very positive for the paid and deal members with
given targets with appropriate the company to grow its rev- worked as management fig- dent of improving the sourc-
long term move. Sensex gap is all targets met. A call of 19700
is stated to be taken below Rs SL considering the resistance enue at a CAGR of 13% over ures out a 'product market fit' ing of incremental business
forming on weekly chart which of Rs 9678 and Rs 9742 in the that aligns with Just Dial's phi- from branches vs DSAs/con-
is giving indications that bull- 20, in which the price is shown FY22-FY25E.
above Rs 42 while the target stock. BUY50%AROUND 249- losophy of profitable growth. nectors from a ratio of ~20:80
ish move will continue above BUY 50%AROUND 835- currently to ~50:50 by FY24 led
price of 196222 in Nifty is run- --- GMDC (Buy) 240 & ANOTHER 50%
important support 65482 and 815& ANOTHER 50% by improving productivity
ning below 19480, which tar- (174.60)...short-term target Rs AROUND 220-220 WITH
64600 in Sensex. A break be- AROUND 770-750 WITH and technology stack. RBL re-
get is achieved. Readers who 181 to Rs 190 CLOSINGBASISSTOPLOSS
low 65482 with heavy volume CLOSINGBASISSTOPLOSS iterated its guidance of rev-
and a close below 64600 may want to view our recommen- Traders can place a OF 200 FOR TARGET OF 300
dations and join membership bullish trade for the given tar- & 380. OF 725 FOR TARGET OF 930 enue growth exceeding opex
see a low level below 64600. & 1000. growth and thus improving
Nifty Technicals can call on the mobile number get with tight SL considering JUST DIAL
given above. Or can the support of Rs 166 and Rs According to the manage- RBL BANK RoA by 10-20bps every year
(19564.50) Under the new through FY23-FY26. RBL has
At the start of the week, WhatsApp message. Accord- 161 in the stock. If prices above ment, there was broad based
ing to the Donchen channel, Rs 190 sustain, prices above recovery across segments in MD&CEO, RBL has filled al- tier-1 capital at 15.3% and be-
Nifty opened around 19389, most every senior management lieves the current levels are
showing a weekly low below an important breakout level in Rs 208 to Rs 220 may be seen FY23 and the company exited
Nifty is forming above 19709 in the medium term. the year on a strong note. role (hired 6 talents laterally sufficient for the next 18-24
19330, with a bullish move and elevated 21 internally) in months.
Management sounded confi-
V G STOCKS RESEARCH dent of achieving sustainable the past ~12 months. Compli- BUY 50%AROUND 212-
CONTD FROM PAGE 1 growth in FY24 aided by ance has been beefed up and 205& ANOTHER 50%
4) Indian Energy Ex- to see 140-145 till the end of in the range of 1130-1155 growth in the B2B segment its focus has become even AROUND 195-185 WITH
change (CMP 123): IEX is on July 2023. as the support levels with sequentially improving sharper. Bank reiterated its CLOSINGBASISSTOPLOSS
the verge a possible pull back if 5) Central Deposi- stands @1100 the esti- operating margins (combina- guidance of >20% loan CAGR OF 180 FOR TARGET OF 250
it managed to hold the levels tory Services (CMP 1209): mated possible target tion of scale, productivity im- (FY23- FY26) led by retail. & 290.
105-116 we could possibly get CDSL looks a good buy placed @1503.