Category Archives: BSE & NSE

Upcoming IPO – Comfort Commotrade Limited (CCL)

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Incorporated in 2007, Comfort Commotrade Limited (CCL) is currently engaged in the business of commodity broking. They offers trading in many commodities such as bullion (gold, silver), energy (crude oil, natural gas), metals, food grains (rice, maize), spices, oil and oil seeds and others. They are the member of MCX and NCDEX.

Comfort Group is headquartered in Mumbai. The group is also engaged in the business of providing loans through its group company Comfort Intech Limited. The Company has a diversified client base that includes HNIs, retail customers, mutual fund houses, financial institutions, corporate clients and others.

Company Promoters:

The promoters of the company are:

  1. Mr. Anil Agrawal
  2.  Mrs. Annu Agrawal

Objects of the Issue:

The objects of this Issue are to raise funds to:

1. Expand their business operations;

2. Enhancement of margin money maintained with the exchanges;

3. General corporate purpose;

4. Issue expenses.

Issue Details:

  • Issue Open: Sep 05, 2012 – Sep 10, 2012
  • Issue Type: Fixed Price Issue IPO
  • Issue Size: 6,000,000 Equity Shares of Rs. 10
  • Issue Size: Rs. 6.00 Crore
  • Face Value: Rs. 10 per Equity Share
  • Issue Price: Rs. 10 per Equity Share
  • Market Lot: 10000 Shares
  • Minimum Order Quantity: 10000 Shares
  • Listing At: BSE/NSE

Nifty Outlook & FII Darivatives Data for 23 August’2012

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The Bse Index Closes on Yesterday at 17847 down38 Points or -0.21% and the Nifty fasten store at 5413 down 8 points from the previous close or +-0.15%. The CNX Midcap index was down 0.5% while the BSE Small cap index declines 0.2% in Yesterday’s Trade. The market breadth was negative with advances at 653 against declines of 788 on the NSE.

The markets closed with judicious declines today with realty and power being the nastiest performers. Banking, healthcare and auto made some gains.

Nse India Top Gainers in Yesterday’s Trade: Ranbaxy, Bpcl, Bank of Baroda and Infosyis.

Nse India Top Losers in Yesterday’s Trade: Airtel, Idfc, Sesa Goa and Ntpc.

Stock Cipher:

  • NMDC hikes iron ore price by 8-13%.
  • This fiscal year, ONGC is planning to spend Rs 15000 cr to drill 480 wells.
  • Essar Oil is in an agreement of USD 1.2 billion with Colombia to buy crude oil.
  • Wockhardt has received a tentative US FDA nod for Anti-psychotic Drug Geodon.
  • Alstom – BHEL will be supplying turbo-generator package for Rawatbhata Nuclear Plan.

 FII DERIVATIVES DATA

  • FII bought 7345 Contracts of Nifty, worth 183 cores  with net OI decreasing by 3965 contracts.
  • As Nifty Future was down by 11 points and OI has decreased by 3965, FII have started booking profits Index futures. The way we fell down from 5455 NF suggests profit booking.
  • Nifty Spot closed at 5413 after making the high of 5433. Bulls successfully managed to close nifty above 5400 Inspite of bad global cues which suggests strength. Resistance for Nifty has come up to 5446 and 5467 which needs to be watched closely ,Support now exists at 5395 and 5366 .Trend is still buy on Dips till 5269 is not broken on closing basis.
  • As we discussed yesterday it will be a range bound day and a listless market and nifty obliged us by doing nothing. Hope traders were able to benefit the same.
  • Nifty August OI is at 2.61 cores with an unwinding of 2.57 Lakh in OI, longs were unwounded by Retailers and HNI. I expect small range tomorrow probably till 5447 on higher end and 5400 on lower end with stock specific action looking at OI figure. (This is what we discussed yesterday and same happened today).
  • Total F&O turnover was 1.06 lakh Cores with total contract traded at 1.68 lakh, Nifty Future made a new high with pathetic volumes, Also the Cash volume were 30% lower than average which suggests distribution happening at higher levels. Be cautious on your longs and ride it till music lasts.
  • 5300 CE also saw an unwinding of 1.67 lakhs with total OI now standing at 31 lakhs, Call Writers ran for cover. 5400 CE saw an  unwinding  of 0.44  lakhs and total OI stands at 65 lakhs no major unwinding seen, 5500 CE still having  highest OI of 1 core lakhs, with fresh addition of 1.6 lakhs in OI.
  • 5300 PE added 0.8 lakh in OI and having the OI at 1.07 cr which suggests traders are getting confident that 5300 will not break in August Expiry.5400 PE also added 10 Lakh in OI so now traders are eyeing 5400 PE as next base for Nifty.
  • FII bought 96 cores and DII sold 230 cores in cash segment.INR closed at 55.57. FII again sold 230 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5386, Trend Changer at 5312 Nifty (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5389
  • 20 DMA at 5269
  • 50 DMA at 5226
  • 200 DMA at 5117
  • 5-Days Relative Strength Index at 77
  • 14-Days Relative Strength Index at 67. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5444 and above the level marks the track point at 5466 later zooper levels at 5488 marks.

SUPPORT@ It has the first support close to the level of 5400 and below this level mark next support is seen at 5477 later dipping levels near 5355 marks.

NIFTY FUT MOMENTUM CALLS FOR 23 Aug’2012:

Buy Nifty August Future above 5444 Sl 5422 Tgt 5466-5488 {Or} Sell Nifty August Future below 5400 Sl 5422 Tgt 5377-5355.

Nifty Outlook & FII Data – 22 August’2012

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The Bse Index Closes on Yesterday at 17885 up 194 Points or +1.10% and the Nifty fasten store at 5421 up 54 points from the previous close or +1.02%. The CNX Midcap index was up 0.3% while the BSE Small cap index gains 0.5% in Yesterday’s Trade. The market breadth was negative with advances at 798 against declines of 634 on the NSE.

Nifty managed to cross its resistance of 5400 and give a closing above it, for the first time since March 16. Banks, IT, cements and power stocks saw strong buying interest.

Nse India Top Gainers in Yesterday’s Trade: Sterlite Industries, Dlf and Sesa Goa.

Nse India Top Losers in Yesterday’s Trade: Bharathi Airtel, Cairn India and Pnb.

Stock Cipher:

  • Wockhardt  has got USFDA nod for generic version of Comtan.
  • Reliance Power would be worst hit if coal block are re-allocated; Tata Power would be least affected by the same.
  • L&T Construction Division bags orders over Rs 2,044 crore since July 1.
  • Tata Steel to redeem convertible alternative reference securities on September 5.
  • Supreme Court directs government, AAI to file affidavits on DIAL ADF levy.
  • Delhi HC issues notice to SEBI on plea to ban algorithm trading.
  • Bayer’s appeal at Intellectual Property Appellate Board postponed to 1st week of September.

FII DERIVATIVES DATA

  • FII bought 12968 Contracts of Nifty, worth 264 cores with net OI increasing by 12172 contracts.
  • As Nifty Future was up by 60 points and OI has increased by 12172, FII have created fresh longs into Index futures.
  • Nifty Spot closed at 5421 highest level closing in past 5 months, Bulls are going step by step closing above 5350 and than 5400. Now we need a weekly closing above 5400 to make sure this is not a whipsaw.
  • Resistance for Nifty has come up to 5446 and 5467 which needs to be watched closely, Support now exists at 5400 and 5366 .Trend is still buy on Dips till 5255 is not broken on closing basis.
  • Nifty August OI is at 2.63 cores with an addition  of 7.78 Lakh in OI, longs were added by Retailers and HNI and shorts were covered as 5400 NS was Sl for many traders .I expect small range tomorrow probably till 5447 on higher end and 5400 on lower end  with stock specific action looking at OI figure.
  • Total F&O turnover was 1.02 lakh Cores with total contract traded at 2.0 lakh; This is point of concern on small down days we see a turnover of 1.20 lakhs and down day turnover near 1 lakh cr. Also cash volume trades and turnover are less than 10% tommrow which means rally was only backed by short covering not based on delivery based buying.
  • 5300 CE also saw an unwinding of 8 lakhs with total OI now standing at 32 lakhs, Call Writers ran for cover. 5400 CE saw an  unwinding  of 1.41  lakhs and total OI stands at 65 lakhs no major unwinding seen,  5500 CE still having  highest OI of 98 lakhs, with fresh addition of 5 lakhs in OI.
  • 5300 PE added 15 lakh in OI and having the OI at 1.06 cr which suggests traders are getting confident that 5300 will not break in August Expiry.5400 PE also added 25 Lakh in OI so now traders are eyeing 5400 PE as next base for Nifty. With such a huge addition i expect Nifty to once touch 5400 tomorrow.
  • FII bought 141 cores and DII sold 141 cores in cash segment.INR closed at 55.71
  • Nifty Futures Trend Deciding level is 5400, Trend Changer at 5304 NIFTY (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5376
  • 20 DMA at 5255
  • 50 DMA at 5219
  • 200 DMA at 5116
  • 5-Days Relative Strength Index at 83
  • 14-Days Relative Strength Index at 68. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5444 and above the level marks the track point at 5466 later zooper levels at 5488 marks.

SUPPORT@ It has the first support close to the level of 5400 and below this level mark next support is seen at 5477 later dipping levels near 5355 marks.

NIFTY FUT MOMENTUM CALLS FOR 22 Aug’2012:

Buy Nifty August Future above 5444 Sl 5422 Tgt 5466-5488 {Or} Sell Nifty August Future below 5400 Sl 5422 Tgt 5377-5355.

Nifty out Look & FII Data – 21 August’2012

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The Bse Index Closes on Friday at 17691 up 34 Points or +0.19% and the Nifty fasten store at 5366, up 3 points from the previous close or +0.06%. The CNX Midcap index was down 0.1% while the BSE Small cap index gains 0.02% in Fridays Trade. The market breadth was negative with advances at 654 against declines of 797 on the NSE.

The markets lost all the gains on Friday morning trade and closed flat. FMCG, IT, auto and consumer durables were the biggest gainers in Friday’s session while realty, power and metal tried to pull the indices down.

Nse India Top Gainers in Friday’s Trade: Tata Motors, Hul, Itc and Infosyis.

Nse India Top Losers in Friday’s Trade: Jindal Steel, Tata Power, Reliance Infra and Dlf.

Stock Cipher:

  • UltraTech and Lupin will be replacing SAIL and Sterlite in Nifty from Sept 28, 2012.
  • Cairn India has acquired 60% in offshore Block 1 in South Africa.
  • Dhanlaxmi bank is planning to cut stake in Destimoney from 13% to 5%.
  • Tata Global arm has bought the remaining 49% in Russian SuntyCo Holding.
  • US firm Santarus has sued Dr Reddy. It has accused Dr Reddy for infringing its patents on heartburn drug Zegerid.
  • Rupee at close: Rupee ends at 55.73 to the dollar vs 55.76 on Thursday.

 FII DERIVATIVES DATA

  • FII bought 12876 Contracts of NF, worth 279 cores with net OI increasing by 8208 contracts.
  • As Nifty Future was up by 0.35 points and OI has increased by 8208, FII have used the dip to buy into Index futures.
  • Nifty Spot closed at 5366 after making a high of 5400; Bulls were unable to close nifty above 5380 resistance zone which shows the supply pressure coming at higher levels.
  • Resistance for Nifty has come up to 5390 and 5400 (as  its swing high in Oct 2011) which needs to be watched closely ,Support now exists at 5328 and 5309 .Trend is still buy on Dips till 5244 is not broken on closing basis.
  • Nifty August OI is at 2.56 cores with an unwinding  of 2.3 Lakh in OI, longs were liquidated by Retailers and HNI.As OI figure saw an unwinding of 1.19 lakhs i expect some good move tomorrow this is what we discussed on Thursday and on Friday we had a range of 72 points
  • Total F&O turnover was 1.25 lakh Cores with total contract traded at 2.4  lakh lowest in 2012.
  • 5300 CE also saw an addition of 2.79  lakhs with total OI now standing at 41 lakhs ,5400 CE saw an  addition  of 1.85  lakhs and total OI stands at 67 lakhs making immediate ceiling for market,  5500 CE still having  highest OI of 93 lakhs,  , 5000-5600 CE saw an addition of 2.6 lakhs in OI.
  • On Put side 5000 PE saw an unwinding of 1.4 lakhs, strong support of Nifty as total OI at 1.01 core.5000-5500 PE added total of 7 lakhs in OI.5300 PE added 5 lakh in OI and having the OI at 91 lakhs which suggests traders are getting confident that 5300 will not break in near term and immediate support in any pullback.5400 PE also added 7.2 Lakh in OI and FII were net buyers of Options yesterday so are they are buying puts to hedge their longs.
  • FII bought 308 cores and DII bought 40 cores in cash segment. FII has sold 161 cores in stock futures.
  • Nifty Futures Trend Deciding level is 5387, Trend Changer at 5298 NIFTYF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5356
  • 20 DMA at 5244
  • 50 DMA at 5212
  • 200 DMA at 5115
  • 5-Days Relative Strength Index at 72
  • 14-Days Relative Strength Index at 64. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5377 and above the level marks the track point at 5400 later zooper levels at 5444 marks.

SUPPORT@ It has the first support close to the level of 5355 and below this level mark next support is seen at 5333 later dipping levels near 5288 marks.

NIFTY FUT MOMENTUM CALLS FOR 21 Aug’2012:

Buy Nifty August Future above 5400 Sl 5377 Tgt 5422-5444 {Or} Sell Nifty August Future below 5355 Sl 5377 Tgt 5333-5311.

Overseas Market View – Asian Markets, US Markets

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  • Asian markets were trading mixed. Hong Kong’s Hang Seng rose 0.62% or 123.25 points at 20,086.20.
  • Japan’s Nikkei advanced 0.64% or 58.17 points at 9,150.93.
  • Singapore’s Straits Times was up 0.14% or 4.37 points at 3,067.26.
  • South Korea’s Seoul Composite shed 0.51% or 9.91 points at 1,948.
  • China’s Shanghai Composite was down 0.14% or 3.01 points at 2,109.19.
  • Taiwan’s Taiwan Weighted was flat at 7,495.14.
  • The US markets have their best session in nearly two weeks as German Chancellor Angela Merkel reiterates her support for the ECB’s plans to fight the euro zone crisis and as the Dow component Cisco systems hiked its dividend 75%. The CBOE volatility index slipped to just above 14, a five-year low.
  • Dow Jones Industrial Average gained 0.65% or 85.33 points at 13250.11. Nasdaq Composite added 1.01% or 31.46 points at 3062.39. Standard & Poor’s 500 rose 0.71% or 9.98 points at 1415.51.
  • In economic data, weekly jobless claims rose last week to a seasonally adjusted 366,000, in line with expectations. Factory activity in the mid-atlantic area contracted for the fourth-straight month in August. And housing starts unexpectedly fell in July to a seasonally adjusted annual rate of 746,000.
  • In the currency space, the euro gains versus the dollar, above 1.23 as Chancellor Angela Merkel reiterates her support for the ECB’s plans to fight the euro zone crisis.
  • In commodities, Brent crude prices at 3 month peak following weakness in dollar and comments from German Chancellor Angela Merkel.
  • In the precious metals space, gold prices gain on further stimulus hopes.
  • Indian ADRs ended mixed on Thursday. In the IT space, Infosys was up 1.69% at USD 42.08, Patni was down 0.11% at USD 18.38 and Wipro was down 0.37% at USD 8.02.
  • In the Telecom space, Tata Communication was up 1.68% at USD 8.47 and MTNL was up 0.33% at USD 1.21. In the Banking space, HDFC Bank was up 0.74% at USD 35.27 and ICICI Bank was down 0.89% at USD 34.44.
  • In the other space, Tata Motors was up 1.93% at USD 21.15, Dr Reddys was up 1.43% at USD 29.73 and Sterlite was down 0.88% at USD 7.88.

Nifty out Look & FII Data – 17 August’2012

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The Bse Index Closes on Thursday at 17657 down 71 Points or -0.40% and the Nifty fasten store at 5363, down 17 points from the previous close or -0.32%. The CNX Midcap index was down 0.2% while the BSE Small cap index gains 0.3% in Yesterdays Trade. The market breadth was negative with advances at 645against declines of 798 on the NSE.

The markets trade in a tapered range in yesterday and closed with temperate declines. FMCG, metal, consumer durables and banking were the biggest laggards in yesterday’s session while capital goods, oil & gas and auto gained drastically.

Nse India Top Gainers in Yesterday’s Trade: Idfc, Hero Moto corp, Ranbaxy and M&M

Nse India Top Losers in Yesterday’s Trade: Itc, Ster, Hindalco and Sesa Goa.

Stock Cipher:

  • Kingfisher Airlines has started paying the overdue salary to some employees. The March salary payment to ground staff and cabin crew has begun.
  • Orchid Chemicals Q1FY13 YoY net loss at Rs.51 cr vs profit of Rs.15.5 cr; net sales at Rs.315.6 cr vs Rs.373.8 cr.
  • Alok Industries is planning to shut 45 out of the 137 exclusive retail outlets next month.
  • Jain Irrigation Q1FY13 (YoY) net loss at Rs.16.8 cr vs profit of Rs.82.4 cr; net sales at Rs.848.6 cr vs Rs.931.3 cr.
  • Reliance Industries has proposed to drill exploration well in KG’ D6 block at own cost..
  • GVK Power has dropped the plan to develop SEZ in Tamil Nadu. The company has deferred work on seaport venture in Gujarat.
  • Oriental Bank of Commerce has cut the base rate by 10 bps to 10.40%.
  • Jet fuel prices have been hiked by over 3.2%.
  • Infosys visa case trial has been pushed to September 17 as judge seeks more time. The trial was to come up on August 20.
  • Wockhardt will be launching generic version of clot-buster drug Plavix in US.

 FII DERIVATIVES DATA

 

 

  • FII sold 501 Contracts of Nifty, worth 14 cores with net OI increasing by 3799 contracts.
  • As Nifty Future was down by 25 points and OI has increased by 3799, FII have booked profits in longs in Index futures. Also be aware that today closing on NF is first double digits losses in August series.
  • Nifty Spot closed at 5363 after making a high of 5390,as said in Weekly analysis 5386 will be an important level as its 100 WSMA .As discussed earlier the range of 5350-80 is supply zone, cannot be broken in single attempt.
  • Resistance for Nifty has come up to 5390 and 5400 (as  its swing high in Oct 2011) which needs to be watched closely ,Support now exists at 5340 and 5319 .Trend is still buy on Dips till 5238 is not broken on closing basis. We have weekly closing tomorrow and close above 5319 will keep weekly in uptrend
  • Nifty August OI is at 2.58 cores with an unwinding of 1.19 Lakh in OI, longs were liquidated by Retailers and HNI.As OI figure saw an unwinding of 1.19 lakhs i expect some good move tomorrow. We have a long weekend ahead as Monday is a Holiday on eve of EID.
  • Total F&O turnover was 0.86 lakh Cores with total contract traded at 1.58 lakh lowest in 2012. These were increase of 10% in cash market volumes which indicates distribution by smart money on higher levels.
  • 5300 CE also saw an addition of 1.11  lakhs with total OI now standing at 38 lakhs (Smart bears writing calls) ,5400 CE saw an  addition  of 3.3  lakhs and total OI stands at 65 lakhs making immediate ceiling for market,  5500 CE still having  highest OI of 92 lakhs,  , 5000-5600 CE saw an addition of 10 lakhs in OI suggesting  bears have have started getting warmed up.
  • On Put side 5000 PE saw an addition of 0.7 lakhs, strong support of Nifty as total OI at 1.02 core.5000-5500 PE unwounded total of 0.90 lakhs in OI.5300 PE added 0.36 lakh in OI and having the OI at 86 lakhs which suggests traders are getting confident that 5300 will not break in near term and immediate support in any pullback.
  • FII bought 95 cores and DII bought 225 cores in cash segment.INR closed at 55.71. FII has sold 341 cores in stock futures.
  • Nifty Futures Trend Deciding level is 5390, Trend Changer at 5290 NIFTY (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5347
  • 20 DMA at 5238
  • 50 DMA at 5205
  • 200 DMA at 5115
  • 5-Days Relative Strength Index at 71
  • 14-Days Relative Strength Index at 64. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5377 and above the level marks the track point at 5400 later zooper levels at 5444 marks.

SUPPORT@ It has the first support close to the level of 5355 and below this level mark next support is seen at 5333 later dipping levels near 5311 marks.

NIFTY FUT MOMENTUM CALLS FOR 17 Aug’2012:

Buy Nifty August Future above 5400 Sl 5377 Tgt 5422-5444 {Or} Sell Nifty August Future below 5355 Sl 5377 Tgt 5333-5311.

Overseas Market View – F&O, Market Cues

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  • The US markets ended another session flat in lackluster trade as investors digested a string of mixed economic data and earnings reports. It was a day of extremely anemic volumes. The Dow traded within a 55 point range through the day as bluechips dragged. It was only the Nasdaq that managed to eke out a half percent gain.
  • Dow Jones Industrial Average was down 0.06% or 7.36 points at 13164.78. Nasdaq Composite was up 0.46% or 13.95 points at 3030.93. Standard & Poor’s 500 was up 0.11% or 1.6 points at 1405.53.
  • Also better economic data is now raising doubts that the Fed would launch any fresh bond buying programme next month. The CBOE volatility index slid below 15.
  • On economic data front, consumer prices were flat for a second-straight month in July. Meanwhile US homebuilder sentiment rose in August to its highest level in more than five years. New York Fed Reserve empire state index of manufacturing activity fell unexpectedly into negative territory in August for the first time since last October.
  • In key data to watch out for in the US today, weekly jobless claims are expected to rise marginally to 365,000. The Philadelphia Fed survey is expected to come in at minus 6.5, after a 12.5 decline last month. Also watch out for
  • housing starts data.
  • In the currency space, the dollar firm versus the euro after the US economic data boosted treasury yields and cut expectations of more monetary easing from the Federal Reserve.
  • In commodities, crude prices gain with Brent above USD 116 levels, the highest level in more than three months following a sharp drawdown in US crude stockpiles.
  • Indian ADRs ended mixed on Wednesday. In the IT space, Infosys was up 0.56% at USD 41.38, Wipro was up 0.5% at USD 8.05 and Patni was down 1.08% at USD 18.4.
  • In the Telecom space, MTNL was up 0.5% at USD 1.206 and Tata Communication was up 0.12% at USD 8.33. In the Banking space, ICICI Bank was down 0.49% at USD 34.75 and HDFC Bank was down 0.65% at USD 35.01.
  • In the other space, Sterlite was up 0.51% at USD 7.95, Dr Reddys was down 0.37% at USD 29.31 and Tata Motors was down 0.91% at USD 20.75.

F&O cues:

  • Nifty options suggest mkt range of 5300-5500
  • Total Puts add 5.7 lakh shares in Open Interest
  • Total Calls add 1.5 lakh shares in Open Interest
  • Highest OI buildup seen in 5000 Put & 5500 Call
  • 5000 Put adds 1.3 lakh shares in Open Interest
  • 5300 Put adds 10.2 lakh shares in Open Interest
  • 5400 Put adds 5.8 lakh shares in Open Interest
  • 5200 Put sheds 1.5 lakh shares in Open Interest
  • 4900 Put sheds 13.5 lakh shares in Open Interest
  • 5500 Call adds 4.1 lakh shares in Open Interest
  • 5400 Call sheds 6.95 lakh shares in Open Interest
  • 5300 Call sheds 4.2 lakh shares in Open Interest
  • Total Nifty Futures added 8.3 lakh shares in OI.
  • Stock Futures adds 50.6 cr shares in OI
  • Nifty PCR rose to 1.21 from 1.2
  • India VIX closed at 15.64 down by 2.31%
  • FIIs in F&O on August 14
  • FIIs net buy Rs 289 cr in Index Futures; Index Futures Open Int Contracts up by 7560
  • FIIs net buy Rs 411 cr in Index Options; Index Options Open Int Contracts up by 46491
  • FIIs net sell Rs 428 cr in Stock Futures; Stock Futures Open Int Contracts up by 7153

Market cues:

  • FIIs net buy USD 65 million in cash market on August 13
  • MFs net sell Rs 66 crore in cash market on August 13
  • As per provisional data of August 14, FIIs were net buyers of Rs 258 cr in cash market. FIIs were net buyers of Rs
  • 160 cr in F&O. DIIs were net buyers of Rs 76 cr in cash market.
  • FII sells 323 Contracts of Nifty, worth 21.28 cores with net OI increasing by 7909 contracts.
  • As Nifty Future was down by 5 points and OI has increased by 7909, FII have started shorting the index futures in small quantity. As FII average traded price comes at a weird number of 13179 which shows they are trading in fewer volumes and mostly doing day trading.
  • Nifty Spot closed at 5320 after making a high of 5330 and low of 5294 ,nifty has closed above 5300 but it has formed lower high and lower lows .As discussed earlier the range of 5350-80 is supply zone, cannot be broken in single attempt. Bulls are trying from past 2 days to close Nifty above 5350 but are failing each time suggesting weakness in price and eventual dip till 5260 can come in next 2 days.
  • Resistance for Nifty has come up to 5350 and after that 5380  which needs to be watched closely ,Support now exists at 5286 ,Below 5260 gap filling will start till 5216 .Trend is still buy on Dips till 5213 is not broken on closing basis.
  • Nifty August OI is at 2.43 cores with an addition of 3.7 Lakh in OI, shorts were added by Retailers and HNI.
  • Total Future and Options turnover was 0.93 lakh Cores with total contract traded at 1.8 lakh.
  • 5400 CE saw an unwinding of 2.5 lakhs and total OI stands at 75 lakhs making immediate ceiling for market, 5500 CE still having highest OI of 85 lakhs, 5300 CE also saw an addition of 1.1 lakhs with total OI now standing at 41 lakhs, 4900-5500 CE saw an unwinding of 2 lakhs in OI suggesting weak bears have unwounded the position as Nifty is unable to close below 5300.
  • Lying on Put side 5000 PE saw an addition of 1 lakhs, immediate support of Nifty as total OI at 1.05 core.4900-5500 PE added total of 10 lakhs in OI. 5200 PE added 6 lakhs in OI suggesting market participants are not showing nifty closing below 5200 for coming week.
  • FII bought 83 cores and DII sold 536 cores in cash segment.INR closed at 55.41 Live INR rate @ FII has sold 634 in stock futures namely in SBI and PSU banks.
  • Nifty Futures Trend deciding level is 5265, Trend Changer at 5266 Nifty Above this Level Bulls will rule Nifty Below this levels Bears have superior hand.

Overseas Market View – F&O Cues

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  • The US markets eased off their session lows but still ended in the red, with the S&P 500 snapping a six-day winning streak, amid fears of a global economic slowdown. The CBOE volatility index fell below 14 to its lowest level in almost five years.
  • Dow Jones Industrial Average was down 0.29% or 38.52 points at 13169.43. Nasdaq Composite was up 0.05% or 1.66 points at 3022.52. Standard & Poor’s 500 was down 0.13% or 1.76 points at 1404.11.
  • In key data to watch out for in the US today, the producer price index for the month of July is expected to edge up 0.2%. And retail sales may see a 0.3% growth in July.
  • In the currency space, the euro holds on to its yesterday gains ahead of the GDP data due from Germany and France.
  • In commodities, Brent crude prices retreat to USD 113 levels after touching an intraday high of USD 115 levels yesterday.
  • Indian ADRs ended lower on Monday. In the IT space, Infosys was down 0.93% at USD 41.4, Wipro was down 0.61% at USD 8.1 and Patni was down 0.58% at USD 18.6505.
  • In the Banking space, ICICI Bank was down 1.52% at USD 34.39 and HDFC Bank was down 0.93% at USD 35.25. In the Telecom space, Tata Communication was down 1.97% at USD 8.42 and MTNL was up 1.33% at USD 1.216.
  • In the other space, Dr Reddys was down 1.57% at USD 29.41, Tata Motors was down 1.09% at USD 20.81 and Sterlite was up 0.5% at USD 8.09.

F&O cues:

  • Nifty options suggest market range of 5200-5400
  • Total Puts add 15.4 lakh shares in Open Interest
  • Total Calls shed 3.6 lakh shares in Open Interest
  • Highest OI buildup seen in 5000 Put & 5500 Call
  • 5000 Put sheds 1.75 lakh shares in Open Interest
  • 5500 Call adds 29K shares in Open Interest
  • 5300 Put adds 8.82 lakh shares in Open Interest
  • 5200 Put adds 5.25 lakh shares in Open Interest
  • 4900 Put adds 4 lakh shares in Open Interest
  • 5400 Call sheds 5.95 lakh shares in Open Interest
  • 5300 Call adds 22K shares in Open Interest
  • Total Nifty Futures added 10.4 lakh shares in OI
  • Stock Futures adds 1.7 cr shares in OI
  • Nifty PCR rose to 1.2 from 1.17
  • India VIX closed at 16.01 down by 0.37%
  • FIIs in F&O on August 13
  • FIIs net sell Rs 28 cr in Index Futures; Index Futures Open Int Contracts up by 22065
  • FIIs net sell Rs 410 cr in Index Options; Index Options Open Int Contracts up by 17193
  • FIIs net sell Rs 442 cr in Stock Futures; Stock Futures Open Int Contracts up by 5226

Nifty Outlook – 13 August’2012

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The Bse Index put down the lid at 17557 down 3 points or -0.02% and Nifty Shut Stop at 5320 down 2 points or -0.05% from the previous close. CNX Midcap index was down 0.1% and BSE Small cap index was down 0.3%. The market breadth was negative with advances at 549 against declines of 878 on the NSE.

It was a passive close to a dull session for the Indian market which adage banks, autos and realty trade under pressure. However, some buying was seen in IT, FMCG and oil & gas stocks in a range bound picture.

Top Nse India Gainers were: Bpcl, Maruti Suzuki, Kotak Bank and Tcs

Top Nse India Lossers Were: Sbin, Tata Motors, Ranbaxy and bank of Baroda.

Market Signs:

  1. IFCI Q1 net profit at Rs 93.6 cr  vs Rs 132.1 cr (YoY); revenue at Rs 661 cr vs Rs 602.5 cr (YoY).
  2. GMR Infra Q1 cons net loss at Rs 94.3 cr vs Rs 66.7 cr (YoY); cons revenue at Rs 2,562 cr vs Rs 2089.8 cr (YoY).
  3. Reliance Infra will be seeking approval to raise funds via QIP (Qualified Institutional Placement). The fundraising will not exceed 25% of equity capital.
  4. PSU oil cos seek immediate hike in petrol prices.
  5. Welspun India Q1FY13 Consolidated YoY Net Profit at Rs 37.7 Cr Vs Rs.18.2 Cr.
  6. Reliance Communications seeks shareholders’ approval to increase its authorised share capital to 25 billion rupees.
  7. Credit Suisse downgraded Tata Motors to “underperform” from “neutral” after cutting its volumes forecast.
  8. Sun Pharma Advanced approves rights issue at a price of Rs 67/share.
  9. Bombay Dyeing loses mill land battle in SC; stock slips.
  10. SBI Q1 net profit at Rs 3,751.5 cr Vs Rs 1584 cr (YoY); NII at Rs 11,118.8 cr Vs Rs 9700 cr (YoY).
  11. Sakthi Sugars Q1 net profit at Rs 1.4 cr vs loss of Rs 10.4 cr (YoY); net sales at Rs 357 cr vs Rs 354.7 cr (YoY).
  12. Eros International Q1 Cons net profit at Rs 31.4 Cr Vs Rs 29.7 Cr (QoQ).
  13. Sun Pharma Q1 cons net profit at 795.5 cr vs Rs 501 cr (YoY); cons net sales at Rs 2,658 cr vs Rs 1,636 cr (YoY).
  14. Sundram Fasteners Q1 net profit at Rs 31.2 cr vs Rs 34.9 cr (YoY); net sales at Rs 570.8 cr vs Rs 510.8 cr (YoY).
  15. Bharat Forge Q1 net profit at Rs 105.2 cr vs Rs 97.4 cr (YoY); net sales at Rs 916.2 cr vs Rs 829.3 cr (YoY).
  16. BPCL Q1 net loss at Rs 8837 cr vs loss of Rs 2562 cr (YoY); GRM at USD 2.62/bbl Vs USD 4.20/bbl (QoQ).
  17. ONGC Q1 net profit at Rs 6077.7 cr vs Rs 4095 cr (YoY); net sales at Rs 20,084.3 cr vs Rs 16199 cr (YoY).

Last Close at 5320 down -2 points, Last High at 5300 and Last Low at 5294> Weekly High at 5330 and Weekly Low at 5129.

5 DMA at 5320

20 DMA at 5213

50 DMA at 5178

200 DMA at 5111.

5 Days Relative Strengthen Index at 70 and 14 Days Relative Strengthen Index at 61. Indicates Nifty placed in BULLISH Zone.

Nifty Resistance at It has the First resistance close to the level 5333 and above the level marks the track point at 5355 later zipper levels at 5377 marks.

Support at It has the first support close to the level of 5311 and below this level mark next support is seen at 5288 later dipping levels near 5266 marks.

Nifty Future Momentum Call for 13 Aug’2012:

Nifty Future Buy above 5377 sl 5355 Tgt 5399-5422 {Or} Nifty Future Sell Below 5333 sl 5355 Tgt 5311-5288.

Overseas Market View – FII Data

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  • The US markets ended narrowly mixed in lackluster trading, with the Dow breaking a four-day winning streak, as investors digested a better-than-expected jobless claims report against waning optimism over the ECB to tackle the region’s debt crisis. Nevertheless, the 5 day rally on the S&P 500 has helped it move nearly 10% higher from the lows of early June.
  • Dow Jones Industrial Average was down 0.08% or 10.45 points at 13165.19. Nasdaq Composite was up 0.25% or 7.39 points at 3018.64. Standard & Poor’s 500 was up 0.04% or 0.58 points at 1402.8.
  • On economic data front, weekly jobless claims unexpectedly fell last week, slipping 6,000 to a seasonally adjusted 361,000. Trade deficit narrowed in June as lower oil prices curbed imports. And wholesale inventories in June posted their steepest decline since September.
  • In key data to watch out for in US today, data may show that export prices declined by 0.1% versus the 1.7% plunge in June. Meanwhile, import prices could see a 0.2% rise for the month of June.
  • In the currency space, the euro slips below 1.23 to the dollar as traders booked profits on recent gains.
  • In commodities, crude prices gain with Brent above USD 113 levels lifted by stronger-than-expected economic data in the US and a lower outlook for North Sea Brent production.
  • From the precious metals, gold prices gain on fresh stimulus hopes in China.
  • Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 0.79% at USD 18.6, Infosys was up 0.34% at USD 41.59 and Wipro was up 0.25% at USD 8.07.
  • In the Telecom space, MTNL was up 2.54% at USD 1.21 and Tata Communication was down 1.49% at USD 8.58. In the Banking space, HDFC Bank was up 0.06% at USD 35.32 and ICICI Bank was down 0.4% at USD 34.97.
  • In the other space, Sterlite was up 3.1% at USD 7.99, Dr Reddys was down 0.73% at USD 29.9 and Tata Motors was down 3.57% at USD 21.34.

F&O cues:

  • Nifty options suggest market range of 5200-5400
  • Total Puts add 6.7 lakh shares in Open Interest
  • Total Calls add 17.6 lakh shares in Open Interest
  • Highest OI buildup seen in 5000 Put & 5500 Call
  • 5000 Put sheds 94K shares in Open Interest
  • 5500 Call sheds 3.7 lakh shares in Open Interest
  • 5400 Call adds 6.3 lakh shares in Open Interest
  • 5300 Put adds 1.8 lakh shares in Open Interest
  • 5100 Put adds 1.1 lakh shares in Open Interest
  • Total Nifty Futures added 3.3 lakh shares in OI.
  • Stock Futures adds 93.3 lakh shares in OI
  • Nifty PCR fell to 1.15 from 1.17.
  • India VIX closed at 16.33 down by 0.24%
  • FIIs in F&O on August 09
  • FIIs net buy Rs 27 cr in Index Futures; Index Futures Open Int Contracts up by 15419
  • FIIs net buy Rs 438 cr in Index Options; Index Options Open Int Contracts up by 42998
  • FIIs net sell Rs 331 cr in Stock Futures; Stock Futures Open Int Contracts up by 24381