Overseas Market View – FII Data

Posted on August 10, 2012 by Sree Lakshmi Reddy

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

Nifty Out Look & FII Derivatives Data – 09 August’2012

Posted on August 9, 2012 by Sree Lakshmi Reddy

The Bse Index Closes on Wednesday at 17601 down 1 Points or -0.01% and the Nifty fasten store at 5338, up 1 points from the previous close or +0.02%. The CNX Midcap index was up 0.3% while the BSE Small cap index gains 0.4% in Yesterdays Trade. The market breadth was negative with advances at 582 against declines of 873 on the NSE.

It was an impulsive session in the markets today with both benchmark indices closing flat after on the brink both ways. Realty, banking and capital goods were the biggest losers in today’s session while auto and metal closed with noteworthy gains.

Nifty Top Gainers in Yesterday’s Trade: M&M, Bpcl, Hindalco and Grasim

Nifty Top Losers in Yesterday’s Trade: Bharati, Gail, Dlf and Pnb.

Stock Cipher:

VIP Industries Q1FY13 YoY net profit at Rs.23.5 cr vs Rs.38.4 cr; net sales at Rs.301.7 cr vs Rs.279.2 cr.
Bharti Airtel Q1 net profit at Rs 762.2 cr vs Rs 1006 cr (QoQ); net sales at Rs 19,350.1 cr vs Rs 18729.4 cr (QoQ).
Punj Lloyd Q1FY13 consolidated YoY net loss at Rs.13.4 cr vs loss of Rs.12.2 cr; net Sales at Rs.2,707 cr vs Rs.2,248.3 cr.
Sobha Developers Q1FY13 consolidated QoQ net profit at Rs.45 cr Vs Rs.96.8 cr; net sales at Rs.432 cr Rs.522 cr.
Bombay Dyeing Q1FY13 YoY loss at Rs.27.5 cr vs loss of Rs.40 cr; revenue at Rs.487 cr vs Rs 403 cr.
Veritas has advised to sell all Indiabulls Group stocks.
Bharti Airtel is planning offer for sale in Bharti Infratel. The company might sell 10% in Bharti Infratel via offer for sale. The board will take a call on Bharti Infratel listing.
Alembic Pharma is in product development and license agreement with Accu-Break. Accu-Break is a US-based pharma company.
Supreme Court has adjourned Essar Oil Sales Tax case to August 23.
Strides Arcolab has got US FDA nod for Oxaliplatin Injection. The company will launch Oxaliplatin Injection through Pfizer.
Kingfisher Airlines has cancelled 31 flights from Delhi and Mumbai due to employee strike.
Jet Airways finally decides to return plot in BKC; MMRDA may slap Rs 350 cr fine.
GVK Power Q1 cons net loss at Rs 64.3 cr Vs profit of Rs 58.9 cr (YoY); cons net sales at Rs 818.6 cr Vs Rs 612.3 cr (YoY).
Chambal Fertilisers Q1 net profit at Rs 77 cr Vs Rs 63.7 cr (YoY); total income Rs 1,364.4 cr Vs Rs 1,164.4 cr (YoY). Other Income at Rs 17.5 cr Vs Rs 30.4 cr (YoY).
Mahindra and Mahindra Q1 net profit at Rs 726 cr vs Rs 604.9 cr (YoY); net sales at Rs 9248 cr vs Rs 6628 cr (YoY). Other income at Rs 60 cr vs Rs 55 cr (YoY).
Oil India Q1 net profit at Rs 930 cr Vs Rs 849.6 cr (YoY); Total Income at Rs 2,440 cr Vs Rs 2,366.1 cr (YoY).
ABB Q2 net profit at Rs 51.6 cr Vs Rs 38.7 cr (YoY); net sales Rs 1,860 cr Vs Rs 1,693 cr (YoY)
Aban Offshore Q1 net profit at Rs 52 cr Vs Rs 88.6 cr (YoY); net sales at Rs 850 cr Rs 731.3 cr (YoY)
Rahul Dhir steps down as MD & CEO of Cairn India w.e.f. August 31. He steps down to pursue his entrepreneurial interests. P Elango will be appointed as Interim CEO of the company.

FII DERIVATIVES DATA

FII bought 28568 contracts of Nifty worth Rs. 709.97 Crores with Net Open Interest increasing by 11204 contracts.
As Nifty Futures up by 7 Points and OI has increased by 11204 contracts logically means FII have added longs in Index Future, but the data sheet says they have started exiting longs and started booking profits in long terms.
NF closed at 5338 after making high of farming a Gravestone Doji candle stick. This shows the inability of bulls to further push up prices. As mentioned earlier the range of 5350-5380 is a supply zone. Cannot be broken in a single attempt. Bulls tried today and failed. Tomorrow we have the IIP data and market can moves wild if data is not supportive
In 9 days of august OI Nifty Future has closely positive in all days expect 2 August, so such the power of liquidity drive rally. FII have added net 144640 in Open Interest when Nifty has moved 231 Points.
Nifty August OI is at 2.36 Crores with an additional of 4.73 Lakhs in OI, longs were again added.
Total F&O turnover was 1.5 lakh Crores with total contract traded at 2.6 lakhs
FII bought 1114 Crores and DII sold 794 Crores in cash segment. INR closes at 55.54

The Level 5333-77 has lot of Resistance. So some more time consolidation needed to jump over this level Bulls can seen close above 5377 if results and Data’s favor them. They can start journey to 5511.

On lower Side 5288 and 5244 are Next Steps. 5155 is most important support for bulls. A close below 5155 can lead Nifty towards 5066 and 4977.

Last Close at 5331 down 4 points, Last High at 5377 Low at 5331, Weekly High at 5377 and low at 5129 and 5 DMA at 5280, 20 DMA at 5204, 50 DMA at 5160 and 200 DMA at 5109.

5-Days Relative Strength Index at 80 and 14-Days Relative Strength Index at 63. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5355 and above the level marks the track point at 5377 later zooper levels at 5400 marks.

SUPPORT@ 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 5244 marks.

NIFTY FUT MOMENTUM CALLS FOR 09 Aug’2012:

Buy Nifty August Future above 5355 Sl 5311 Tgt 5377-5399 {Or} Sell Nifty August Future below 5311 Sl 5333 Tgt 5288-5266.

Market View – 08 August’2012

Posted on August 8, 2012 by Sree Lakshmi Reddy

The Bse Index Closes on Tuesday at 17602 up 189 Points or +1.08% and the Nifty fasten store at 5337, up 54 points from the previous close or +1.03%. The CNX Midcap index was up 0.1% while the BSE Small cap index gains 0.4% in Yesterdays Trade. The market breadth was positive with advances at 785 against declines of 642 on the NSE.

The markets gained notably on the second consecutive day with auto, IT, banking and realty leading the rally. Capital goods, FMCG and power, too, gained significantly while healthcare and oil & gas closed negative.

Nifty Top Gainers in Yesterday’s Trade: Tata Motors, Idfc, Dlf and Ambuja Cement

Nifty Top Losers in Yesterday’s Trade: Cairn India, Hero Moto Corp, Power Grid and Bpcl.

Stock Cipher:

DLF Q1FY13 Consolidated YoY Net Profit at Rs.293 cr Vs Rs.212 cr; Income from ops Rs.2,197.7 cr Vs Rs.2,617 cr .
Religare Enterprises Q1FY13 Consolidated QoQ Net Profit at Rs.24.2 cr vs Rs.86.2 cr; Income from ops at Rs.825.2 cr vs Rs.843 cr.
Aurobindo Pharma and Glenmark has got US FDA approval for generic Asthama drug.
Dhanlaxmi Bank Q1 net loss at Rs 11.8 cr vs profit of Rs 3.4 cr (YoY); NII at Rs 75 cr vs Rs 63 cr (YoY).
IDBI Bank has received 3.13 cr shares of 3i Infotech as a part of the restructuring process at Rs. 19.74/share.
BEML Q1FY13 YoY Net loss at Rs.39.44 cr vs net profit of Rs.15.87 Cr; Net sales at Rs.413.91 cr vs Rs.553.91 Cr.
Escorts Q3 YoY Net Profit at Rs.27 cr Vs Rs.13.2 cr; Net sales at Rs.859 cr Vs Rs.729 cr.
Seamec has got USD 18 million contract from Leighton Welspun Contractors.
The finance minister yesterday made comments on high interest rates scenario. This sparks hope for traders that the government will put pressure on the RBI to ease monetary policy. Auto, banks and realty stocks were on buyers in yesterday’s radar.
NHPC Q1 net profit at Rs 670 cr vs Rs 791 cr (YoY); total income from operations at Rs 1422 cr vs Rs 1470 cr (YoY).
J&K Bank Q1 Net Profit at Rs 246 cr Vs Rs 182 cr (YoY); NII at Rs 536 cr Vs Rs 437 cr (YoY).
Jet Airways is planning to spin off Jet Privilege Services into separate company in 45 days. The Jet Privilege is Jet Airways Global frequent flyer service.
Tata Chemicals Q1 Q1 Net Profit at Rs 107.6 cr Vs Rs 200 cr (YoY); Q1 Net Sales at Rs 3,021 cr Vs Rs 2,974.5 cr (YoY).
Balrampur Chini Q1 net loss at Rs 18 cr vs loss of Rs 19.4 cr (YoY); net sales at Rs 692 cr vs Rs 567 cr (YoY).
Aurobindo Pharma Q1 cons net loss at Rs 129 cr Vs loss of Rs 123 cr (YoY); cons net sales at Rs 1,197 cr Vs Rs 1,065 cr (YoY).

Bulls managed to see close Nifty above 5333. The subsequently object are 5422 and 5511. 5333-5377 has a Resistance area. So some time and consolidation needed to Jump the level and Vice-Versa Down side Support at 5288-5244 levels if closes below 5155 can bring Blood Bath.

Last Close at 5336 up 54 points, Last High at 5350 Low at 5281, Weekly High at 5350 and low at 5032 and 5 DMA at 5261, 20 DMA at 5203, 50 DMA at 5152 and 200 DMA at 5108.

5-Days Relative Strength Index at 80 and 14-Days Relative Strength Index at 63. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5355 and above the level marks the track point at 5377 later zooper levels at 5400 marks.

SUPPORT@ 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 5244 marks.

NIFTY FUT MOMENTUM CALLS FOR 08 Aug’2012:

Buy Nifty August Future above 5355 Sl 5311 Tgt 5377-5399 {Or} Sell Nifty August Future below 5288 Sl 5311 Tgt 5266-5244.

FII DERIVATES DATA ANYALASIS

FII bought 30775 contracts of Nifty worth Rs. 676.88 Crores with Net Open Interest increasing by 36599 contracts.
As Nifty Futures up by 51 Points and OI has increased by 36599 contracts means FII have added longs in Index Future, as Nifty has closed above the rollover range of 5210.
Nifty today has formed double top pattern which is bearish and it gets confirmed if it is unable to take the 5350 eod tomorrow. One more String to observe Breadth of stocks rising which is quite less and, Nifty is just moving by supporting of Banks & Rill, till we do not have midcaps also performing we can see Nifty coming down and fill gaps till 5200.
FII bought 815 Crores and DII bought 55 Crores in cash segment. INR closes at 55.25.

Stock Market View – 03 August’2012

Posted on August 3, 2012 by Sree Lakshmi Reddy

The Bse Index Closes on Thursday at 17224 down 33 Points or -0.19% and the Nifty fasten store at 5228, down 12 points from the previous close or -0.24%. The CNX Midcap index was up 0.3% while the BSE Small cap index gains 0.5% in Yesterdays Trade. The market breadth was positive with advances at 789 against declines of 624 on the NSE.

The markets traded range-bound throughout the day and closed with moderate declines. Oil and gas, banking and auto were the biggest losers in Yesterday’s session while consumer durables, power and capital goods gained significantly.

Nifty Top Gainers in Yesterday’s Trade:

S.NO	SCRIP	LTP	% Change
01	NTPC	163.50	+3.81
02	BHEL	223.70	+1.50
03	AXIS BANK	1,059.10	+1.25
04	SAIL	86.70	+0.99
05	JINDAL STEEL	403.70	+0.93

Nifty Top Losers in Yesterday’s Trade:

S.NO	SCRIP	LTP	% Change
01	CAIRN	330.75	-2.40
02	TATA MOTORS	222.50	-2.13
03	BPCL	353.70	-1.79
04	TATA POWER	98.25	-1.60
05	CIPLA	348.60	-1.53

Stock Cipher:

Mahindra and Mahindra (M&M) and Telphonics Corp are in joint venture to make defence equipment. M&M will license technology from Telephonics for equipment.
Hero MotoCorp Sales:

Total Sales down 1.5% at 4.84 lk Units Vs 4.91 lk Units YoY

Total Sales down 9.3% at 4.84 lk units vs 5.34 lk units QoQ

SBI has cut home loan rate up to Rs 30 lakh to 10.25% from 10.5%.

It has cut the rate on Home loans from Rs 30-75 lakh to 10.4% from 10.75%; cuts rate on Home

Loans above Rs 75 lakh to 10.4% from 11%.

SBI has also cut the Auto loans to 10.75% from 11.25%. It has cut the auto loan rates by 50 bps

Effective August 7

Voltas Q1FY13 consolidated (YoY) net profit at Rs.79.1 cr Vs Rs.132 cr ; Net sales at Rs.1,611.6 cr Vs Rs.1,345.7 cr.
Trendy Knit has gone for stock split from Rs 10 to Rs 1.
Kale Consultants hits 52-week high on strong Q1 results.
Manappuram Finance rises 3% on solid Q1 numbers.
Jet fuel prices hike for 2nd time in a month by 4.5% effective August 1.
Punjab National Bank has increased the deposit rate by 25 bps to 9% on deposits less than Rs 1 cr.
Bajaj Auto’s total sales in July slipped 5% (YoY) to 3,44,150 units amid sluggish demand for motorcycles, especially the premium segment.
NIIT Tech tanks 10% after promoters offload 7.4% stake.
Ashok Leyland’s July Auto total sales up 25% at 9,785 units (YoY). Light Commercial Vehicle sales at 2,803 units.
Cummins India Q1 net profit at Rs 181 cr vs Rs 177.2 cr (YoY); total income at Rs 1,258.7 cr vs Rs 1033.5 cr (YoY).
Goa govt amends stamp duty; mine owners to pay 15% royalty.
Hotel Leela Q1 net loss at Rs 102 cr vs loss of Rs 26.5 cr (YoY); net sales at Rs 138 cr vs Rs 112 cr (YoY).
Hotel Leela has approved Rs 100 Crore preferential allotment to a promoter group company and a resolution to raise up to Rs 1000 crore.

It was a Choppy Market Yesterday Trade clogging Consolidation going at 5200-5244 levels, 5288 is the next Resistance for Bulls. Trades and closes above 5288 May jump Nifty To 5355-5444 Levels and Vice-Versa Down side Support at 5200-5155 levels if closes below 5111 can bring Blood Bath.

Last Close at 5227 down 13 points, Last High at 5236 Low at 5209, Weekly High at 5246 and low at 5032 and 5 DMA at 5199, 20 DMA at 5208, 50 DMA at 5134 and 200 DMA at 5105.

5-Days Relative Strength Index at 63 and 14-Days Relative Strength Index at 55. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5222 and below this level mark next support is seen at 5200 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 03 Aug’2012:

Buy Nifty August Future above 5266 Sl 5244 Tgt 5288-5311 {Or} Sell Nifty August Future below 5222 Sl 5244 Tgt 5200-5177.

Market Outlook: Nifty Levels for 31 JULY’2012

Posted on July 31, 2012 by Sree Lakshmi Reddy

The Bse Index Closes on Monday at 17144 up 304 Points or +1.81% and the Nifty shut shop at 5200, up 100 points from the previous close or +1.96%. The CNX Midcap index was up 1.7% while the BSE Small cap index gain 1.3% in Mondays Trade. The market breadth was positive with advances at 953 against declines of 491 on the NSE.

The markets made vigorous gains on Yesterday with all sectoral indices closing in the green. Realty, power, banking and capital goods were the best performers in Yesterday’s session and metal, consumer durables and auto, too, closed with substantial upside. Top Gainers in Yesterday’s Trade were Relaince Infra, JP Assosiates, Cairn India and Idfc & Losers were Ambuja Cement, Hul, Hcl Tech and Ongc.

Stock Cipher:

HDFC Q1FY13 consolidated YoY net profit at Rs 1275.8 cr vs Rs 1020 cr; Income from operations at Rs 5123 cr vs Rs 3990.3 cr .
Maruti Suzuki Q1FY13 YoY Net Profit at Rs 423.8 cr vs Rs 549.2 cr; Net Sales at Rs 10,529.2 cr vs Rs 8,256.6 cr.
Nestle India Q2FY13 YoY net profit at Rs 246 cr Vs Rs 213.8 cr (YoY); net sales at Rs 1,986.6 cr Vs Rs 1,763 cr (YoY) and repay interim dividend at 18/Share.
McLeod Russel Q1FY13 YoY Net Profit at Rs 19.3 cr Vs Rs 37.3 cr; Net Sales at Rs 143 cr Vs Rs 145.3 cr.
Motilal Oswal Fin Q1FY13 consolidated (YoY) net profit at Rs 20.2 cr vs Rs 21.2 cr; Income from operations at Rs 104.2 cr vs Rs 106.2 cr.
Thomas Cook India Q1FY13 Consolidated YoY Net Profit at Rs 31 cr vs Rs 21.5 cr; Net Sales at Rs 128 cr vs Rs 106 cr.
Alstom T&D India Q1FY13 YoY Net Profit at Rs 23 cr vs Rs 18 cr; Net Sales at Rs 671 cr vs Rs 663 cr .
Punjab & Sind Bank Q1FY13 YoY Net Profit at Rs 24 cr vs Rs 64.1 cr; NII at Rs 369 cr vs Rs 351 cr.
Grasim Q1 consolidated YoY Net Profit at Rs 718 cr vs Rs 751.7 cr; Total Income at Rs 6832 cr vs Rs 5907 cr.
United Spirits Q1FY13 YoY net profit at Rs 144.9 cr vs Rs 137.7 cr; net sales at Rs 2057.2 cr vs Rs 1935.4 cr.
Birla Corp Q1FY13 YoY Net Profit at Rs 84.74 cr vs Rs 111.9 cr; Income from ops at Rs 668.2 cr vs Rs 563.9 cr.
Bank of Baroda Q1 Net Profit at Rs 1,139 Cr Vs Rs 1,033 Cr (YoY).
Oriental Bank Q1 Net Profit at Rs 391 cr Vs Rs 355 cr (YoY); NII at Rs 1,126 cr Vs Rs 1,018 cr (YoY).
Allahabad Bank Q1 Net Profit at Rs 514 Cr Vs Rs 418 Cr (YoY).
Muthoot Finance Q1 Net Profit at Rs 246 Cr Vs Rs 190 Cr (YoY).
Indian Oil Bank Q1 net profit at Rs 233.4 cr vs Rs 205.5 cr (YoY); NII at Rs 1328 cr vs Rs 1187.5 cr (YoY)
Spice Jet Q1 net profit at Rs 56.2 cr vs loss of Rs 72 cr.
Havells India Q1 net profit at Rs 80 cr vs Rs 64.8 cr (YoY); net sales at Rs 1032.8 cr vs Rs 822.37 cr (YoY).
Sadbhav Engineering Q1 Net Profit at Rs 52.4 Cr Vs Rs 33.8 Cr (YoY); Total Income at Rs 421.5 Cr Vs Rs 612.9 Cr (YoY).
Sadbhav Engineering Q1 Net Profit at Rs 52.4 Cr Vs Rs 33.8 Cr (YoY); Total Income at Rs 421.5 Cr Vs Rs 612.9 Cr (YoY).

Last Close at 5199 up 100 points, Last High at 5206 Low at 5129, Weekly High at 5257 and low at 5032 and 5 DMA at 5116, 20 DMA at 5219, 50 DMA at 5112 and 200 DMA at 5102.

5-Days Relative Strength Index at 61 and 14-Days Relative Strength Index at 53. It Indicates Nifty Placed in BULLISH precinct.

NIFTY {5200}: RESISTANCE @ It has the First resistance close to the level 5222 and above the level marks the track point at 5244 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5177 and below this level mark next support is seen at 5155 later dipping levels near 5111 marks.

NIFTY FUT MOMENTUM CALLS FOR 31 Jul’2012:

Buy Nifty August Future above 5222 Sl 5200 Tgt 5244-5266 {Or} Sell Nifty August Future below 5177 Sl 5200 Tgt 5155-5133.

Market Outlook: Nifty Levels for 30 JULY’2012

Posted on July 30, 2012 by Sree Lakshmi Reddy

The Bse Index Closes on Friday at 16839 up 199 or +1.20% and the Nifty shut shop at 5100, up 57 points from the previous close or +1.13%. The CNX Midcap index was down 0.6% while the BSE Small cap index lost 1% in Friday’s trade. The market breadth was negative with advances at 478 against declines of 961 on the NSE.

The markets closed with noteworthy gains on Friday with metal, FMCG and IT being the lead gainers. Auto and banking, too, gained significantly while realty, capital goods and healthcare closed with moderate declines. Top Gainers in Friday’s Trade were Sterlite Industries, Tata Steel, Tata Motors and Hdfc Bank & Losers were Punjab National Bank, State Bank of India, Bank of Baroda and Jai Prakash Associates.

Stock Cipher:

Wockhardt has sold its nutrition business to Dannone for Rs 1280 cr.
SBI has raised USD 1.25 billion through a dollar- denominated bond issue.
Onmobile Global has given the permission to Avendus to assess its value. Atleast, two shareholders are looking to sell stake.
Fitch has downgraded Tulip Telecom to ‘A-‘ from ‘A+’. The Co has still not tied up funds for USD 97million FCCB (foreign currency convertible bond) redemption.
Sun TV tanks 20% on possible CBI charge sheet against Marans.
Punjab National Bank Q1 Net Profit at Rs 1,246 Cr Vs Rs 1,105 Cr (YoY); NII at Rs 3,695 Cr Vs Rs 3115 Cr (YoY).
Dena Bank Q1 net profit at Rs 238.63 cr vs Rs 168.09 cr (YoY); NII at Rs 612.24 cr vs Rs 446.55 cr (YoY).
Union Bank Q1 net profit at Rs 512 cr vs Rs 464 cr (YoY); NII at Rs 1822 cr vs Rs 1590 cr (YoY).
ICICI Bank Q1 Net Profit at Rs 1815 Cr Vs Rs 1,332 Cr (YoY); NII at Rs 3,193 Cr Vs Rs 2,410.9 Cr (YoY).
HCC Q1 net loss at Rs 30.9 cr vs profit of Rs 3 cr (YoY); total income at Rs 969.4 cr vs Rs 1,058 cr (YoY).
Bank of India Q1 Net Profit at Rs 887.4 Cr Vs Rs 517.5 Cr (YoY); NII at Rs 2,044 Cr Vs Rs 1,841 Cr (YoY).
TVS Motor Q1 Net Profit at Rs 51 Cr Vs Rs 58.8 Cr (YoY); Revenue at Rs 1,819.8 Cr Vs Rs 1,746 Cr (YoY).
NTPC Q1 Net Profit at Rs 2,499 Cr Vs Rs 2,076 Cr (YoY); Net Sales at Rs 15,960 Cr Vs Rs 14,171 Cr (YoY).
Dewan Housing Q1 net profit at Rs 77.8 cr vs Rs 93.7 cr (YoY); revenue at Rs 738 cr vs Rs 720 cr (YoY).
MRPL Q1 net loss at Rs 1,521 cr vs Rs 172.7 cr profit (yoy); GRM at (-) USD 4.15/bbl vs USD 3.72/bbl (yoy).

Last Close at 5099 up 56 points, Last High at 5149 Low at 5077, Weekly High at 5257 and low at 5032 and 5 DMA at 5100, 20 DMA at 5223, 50 DMA at 5106 and 200 DMA at 5101.

5-Days Relative Strength Index at 38 and 14-Days Relative Strength Index at 43. It Indicates Nifty Placed in BEARISH precinct.

SENSEX {16,840}: RESISTANCE @ It has the First resistance close to the level 16995 and above the level marks the track point at 17150 later zooper levels at 17306 marks.

SUPPORT @ It has the first support close to the level of 16663 and below this level mark next support is seen at 16484 later dipping levels near 15329 marks.

NIFTY {5100}: RESISTANCE @ It has the First resistance close to the level 5192 and above the level marks the track point at 5284 later zooper levels at 5377 marks.

SUPPORT@ It has the first support close to the level of 5025 and below this level mark next support is seen at 4950 later dipping levels near 4858 marks.

NIFTY FUT MOMENTUM CALLS FOR 30 Jul’2012:

—————————————————————

Buy Nifty August Future above 5155 Sl 5133 Tgt 5177-5199 {Or} Sell Nifty August Future below 5111 Sl 5133 Tgt 5089-5066.

Market Outlook: Nifty Levels for 11 JULY 2012

Posted on July 11, 2012 by Sree Lakshmi Reddy

Past a subdued performance yesterday, the markets spring up as the bulls outclassed the
bears. The European markets shot up with the decision of EU council to speed $123 billion aid to Spanish banks boosting the Indian markets. Also Spain’s 10year bond rose above 7% threshold that prompted bailouts in Greece, Ireland & Portugal. However Chinese markets touched a 6month low due to slow growth in exports and extravagant rise in imports which had a drastic impact on the Asian markets as they performed negatively. Oil prices fell for the 3rd time in 4days as the strike in Norway about the halt in production ended today. Optimism led market rally as industrial output accelerated to a modest pace of 1.8% YoY in May which will have a positive impact on industrial sector. The RBI’s policy review draws closer, expectations are building up that key rates are unlikely to be moved this time.

The Bse Index closes at 17618 up 226 points or +1.30% & Nifty closes at 5345, up 70 points from the previous close or +1.33%. CNX Midcap index was up 0.8% and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 953 against declines of 483 on the NSE.

Markets however showing positive signs they have not yet broken out of the range (5400-
5200). So still not a crystal clear time to enter and it’s better to wait patiently.

Last Close at 5345 up 70 points, Last High at 5348 Low at 5284, Weekly High at 5348 and low at 5557 and 5 DMA at 5313, 20 DMA at 5193, 50 DMA at 5059 and 200 DMA at 5085

5-Days Relative Strength Index at 73 and 14-Days Relative Strength Index at 68. It Indicates Nifty Placed in Bullish Zone.

RESISTANCE: It has the First resistance close to the level 5355 & above the level marks the track point at 5377 later zooper level at 5399 mark.

SUPPORT: It has the first support close to the level of 5311 & below this level mark next support is seen at 5288 later dipping level near 5266 mark.

All about Profit Krishna

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