Patanjali's entry was a blessing in disguise: Dabur India CEO Sunil Duggal

After being cornered by Patanjali and macro-headwinds, ayurveda major Dabur is pulling up its socks. With better sales and improved margins, the firm is now looking to leverage the renewed popularity of ayurveda, mostly ignited by rival Patanjali.

Sunil Duggal, chief executive officer, Dabur India, shares his plans and insights with Arnab Dutta. Edited excerpts: Dabur’s sales have improved in recent quarters. What worked for you? Towards the end 2016-17 and early 2017-18, we had our back to the wall due to a number of factors such as subdued demand, demonetisation and ...Read Full Story

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Nifty outlook and key trading ideas for Monday's trade by Devang Shah

STOCK MARKET

CLOSE- 10121.80 (01.12.17)
Market witnessed a sharp selling pressure and closed the week in a negative territory at the end of trading session. It made a low of 10,108.55 levels on Nifty and 32,797.78 levels on Sensex so far in this correction. It closed near a very crucial support/ reversal levels at the end of weekly trading session. One should watch out market behavior at these levels for short term. If Nifty holds above these levels, it will confirm further extension of rally on upside in short term or else there will be a sharp price wise correction in short term.

Stock Picks:

DCB BANK- BUY
CLOSE – Rs 181.15
TARGET – Rs 195-210
DCB BANK closed the week in a negative territory. It is consolidating in bullish triangular consolidation. It is trading near crucial support of 200-DMA. Risk reward is favorable to buy at current levels. One can buy with a stop loss of Rs 165 for the target of Rs 195-210 levels in short term.

TATA CHEM-BUY
CLOSE – Rs- 712.15
TARGET – Rs 765-800
TATA CHEM closed the week in a negative territory. Its consolidating in range in short term. It managed to hold support of 40-DMA. Risk reward is favourable to buy at current levels. Its weekly momentum indicators are in BUY. One can buy with a stop loss of Rs 666 for the target of Rs 765-800 in short-term.

DABUR INDIA- BUY
CLOSE – Rs- 341.30
TARGET – Rs 355-360
DABUR closed the week in a positive territory. It is consolidating in range for short term. Risk reward is favourable to buy at current levels. Its weekly momentum indicators are in BUY. One can buy with a stop loss of Rs 324 for the target of Rs 355-360 in short-term. 

Buy Dabur, Havells India, says Religare Securities

Top trading ideas from Religare Securities for today’s trade:
Dabur India - BUY
Last Close: Rs 310.75
Initiation range: Rs 308-310
Target: Rs 325
Stop loss: Rs 298
Dabur has been hovering in a trading range of 300-320 for last two months or so and likely to resume its uptrend in near future. Traders can accumulate fresh in the given range.

Havells India - BUY
Last Close: Rs 492.85
Initiation range: Rs 487-492
Target: Rs 520
Stop loss: Rs 476
Havells India has been trading in a range for past three months while holding firmly above the support zone of multiple moving averages on daily chart. It has formed a fresh buying pivot now and likely to witness a strong surge in near future.

Tata Power- Sell September Futures
Last Close: Rs 78.70
Initiation range: Rs 79.50-80.50
Target: Rs 74
Stop loss: Rs 82.50
Tata Power has failed again to sustain above its resistance zone of moving averages viz. 50,100 EMA on daily chart and result in formation of a fresh shorting pivot. Further, indications from the confirmation indicators are also pointing toward slide ahead. Traders can use any bounce to go fresh short in the given range.

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