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Nifty out Look & FII Derivative Data – 25 September’2012

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The Bse Index Shuts at 18,674 down – 80 Points from its Previous Close or -0.42%. The Nse Index Shuts at 5670 down by -22 Points from its Previous Close or -0.38%.

  • Top Nse India Gainers were: Bhel,  Jindal Steel, Maruti and M&M.
  • Top Nse India Losers Were: Hdfc, Ongc, Sail and Itc.

FII Derivative Data:

  • FII sold 5167 Contracts of Index Future, worth 129.87 cores with net OI increasing by Huge 74249 contracts.
  • As Nifty Future was down by 25 points and Open Interest in Index Futures increased by 30452, FII have started booking profits on Index Future longs in Nifty and Bank Nifty Futures.
  • Nifty Spot closed at 5670 after making a high of 5710 and unable to break 5720, Bulls are in control of market and traders are getting overconfidence on taking longs which should be treated as caution whenever over optimism comes in market time to be cautious .Stock markets moves in direction which give maximum pain to traders to short term traders. So trade with strict stoploss as we are approaching expiry. After big rise on Friday we had a session of consolidation today.
  • Resistance for Nifty has come up to 5700 and 5720which needs to be watched closely, Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5547 is not broken on closing basis.
  • Nifty Future September Open Interest is at 2.15 cores with a unwinding of 6.8 Lakh in OI, profit booking in longs is seen in Nifty future .Rollovers have started in NIfty Futures with addition of 21 lakhs in October series. Fresh longs are created in October series.
  • Total F&O turnover was 1.71 lakh Cores with total contract traded at 2.22 lakh. PCR at 0.95 and VIX   at 18.83.
  • 5800 CE is having highest Open Interest of 76 lakhs with fresh addition of 15 lakhs in OI.5700 CE Open Interest at 70  lakhs, with addition of 3 lakhs. Immediate support is at 5648 as 5600 CE sheded 3 lakhs as per Open Interest table.  5300-5900 CE added 12 lakhs in Open Interest.
  • 5600 PE added 3 lakh in Open Interest total OI at 78 Lakhs, Bulls want to make  5600 as base for September Series. 5300-5900 PE added 5.7 lakhs in Open Interest so option activity shows Bulls in wait and watch mode.
  • FII bought 1585 cores and DII  sold 1156 cores in cash segment, INR closed at 4 months high at 53.48  FII sold 387 cores in Stock Futures.
  • Nifty Futures Trend Deciding level is 5440, Trend Changer at 5680 Nifty. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
  • 5 DMA at 5625
  • 20 DMA at 5410
  • 50 DMA at 5320
  • 200 DMA at 5162
  • 5 Days Relative Strengthen Index at 76 and 14 Days Relative Strengthen Index at 72. Indicates Nifty placed in BULLISH Zone.

Nifty Spot Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5688 and above the level marks the track point at 5733 later zipper levels at 5755 marks.

Support at It has the first support close to the level of 5666 and below this level mark next support is seen at 5644 later dipping levels near 5622 marks.

Nifty Future Momentum Call for 25 Sep’2012:

Buy above 5711 sl 5688 Tgt 5733-5755 {Or} Sell Below 5666 sl 5688 Tgt 5644-5622.

Bank Nifty Future Momentum Call for 25 Sep’2012:

Buy above 11466 sl 11422 Tgt 11555-11644 {Or} Sell below 11377 sl 1422 Tgt 11333-11288.

Commodity Market Outlook 10 Sep’2012 for Metals, Chana, Oil & Natural Gas Trading

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GOLD:

Gold trading range for the day is 31814-32016.

Gold dropped on profit booking after hitting all time high as tepid U.S. jobs report strengthened expectations of further monetary easing

Growing hope for monetary stimulus in Europe and the United States, investors boosted holdings of bullion

Gold prices had roared to record highs on the back of the Fed’s past accommodative measures.

SILVER:

Silver trading range for the day is 63546-64326.

Silver still looking firm as last week’s US jobs report strengthened expectations of further monetary easing by FED

Bullion outperformed the euro, which hit four-month highs against the dollar, and the broader market.

U.S. jobs growth slowed sharply in August, setting the stage for the Fed to pump additional money

Silver is trading above 50DMA, which is at 56833, with intraday support seen at 63546 and resistance at 64326.

CRUDE:

Crude trading range for the day is 5298-5332.

Crude rose after disappointing U.S. August jobs report weakened dollar and bolstered expectations for stimulus

The possibility that strategic oil reserves may be released by the United States hemmed in oil prices

U.S. regulators said 36.35 percent of daily oil production in U.S.-regulated areas of Gulf of Mexico remained shut

Crude is holding with a support at 5298 and resistance will be likely at 5332.

COPPER:

Copper trading range for the day is 443.6-452.6.

Copper rose driven by stimulus hopes in US and China’s approval of a multibillion dollar infrastructure program

Gains were fueled on investor bets of a healthier year-end demand outlook from China and another round of bond buybacks

Additional support came from the currency market, where the euro climbed on the prospects of more bond buying

Warehouse stock for Copper at LME was at 215950mt that is up by 2725mt.

ZINC:

Zinc trading range for the day is 107.07-109.07.

Zinc yesterday traded with the positive node as market was boosted by many positive reports.

US Department of Labor announced seasonally adjusted US nonfarm employment payrolls were lower than expected

Zinc weekly stocks at Shanghai exchange came up by 3126 tonnes

Warehouse stock for Zinc at LME was at 942200mt that is down by  -3050mt.

NICKLE:

Nickel trading range for the day is 904.4-916.

Nickel settled flat up by 0.08% at 910 tracking Friday’s rally in LME nickel after release of nonfarm data from US

LME base metal prices will remain bullish amid growing risk appetite due to the ECB’s bond-buying and QE3 expectation

The US dollar fell by over 1% after the data release, and base metal prices rallied across the board

Warehouse stock for Nickel at LME was at 121080mt that is down by -72mt.

NATURAL GAS:

Nat.Gas trading range for the day is 146.57-149.97.

Natural gas ended lower as milder autumn weather was expected to curb any late-season demand for cooling

Shut-in gas from Hurricane Isaac has also been returning to service over the past few days

Shut-in offshore Gulf of Mexico production from Isaac curbed inventory build and should do same to next injection

Natural Gas is holding with a support at 146.57 and resistance will be likely at 149.97.

ALUMINIUM:

Aluminium trading range for the day is 110.35-111.85.

Aluminium settled 0.54% up boosted by hopes for economic stimulus in the world’s leading economies

LME base metal prices will remain bullish amid growing risk appetite due to the ECB’s bond-buying and QE3 expectation

Aluminium weekly stocks at Shanghai exchange came up by 11777 tonnes

Warehouse stock for Aluminium at LME was at 4871425mt that is up by 5025mt.

MENTHA OIL:

Mentha oil trading range for the day is 1350.1-1410.3.

Menthaoil spot is at 1538/-.Spot market is down by Rs.8/-.

Mentha oil ended lower on profit booking after prices gained buoyed by firm trend at the spot market

Higher sowing activities due to the high rates obtained by farmers last year resulted in higher production

Better production prospects have been keeping overall sentiments weak.

CHANA:

Chana trading range for the day is 4802-4894.

Chana settled flat as improved rains boosted hopes of better sowing and aided growth of the kharif pulses.

Farmers completed sowing of kharif pulses on 9.77 million hectares by Aug. 30, down from 10.42 million hectares

NCDEX accredited warehouses chana stocks dropped by 217 tonnes to 50889 tonnes.

In Delhi spot market, chana fell down by -49.05 rupee to end at 4838.45 rupee per 100 Kg.

JEERA:

Jeera trading range for the day is 13515-14275.

Jeera gained as thin supplies in the spot market supported buying though rains in Gujarat state limited upside

Indian jeera exports rise by 40 pc in quantity due to Syria unrest

NCDEX accredited warehouses jeera stocks dropped by 106 tonnes to 10519 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -108.65 rupees to end at 14905 rupees per 100 kg.

TURMERIC:

Turmeric trading range for the day is 5523-5943.

Turmeric fell due to a drop in overseas enquiries and a revival in rains that could help improve yield

Prospects of pick-up in sowing in major producing areas amid heavy rainfall also weighed on prices.

NCDEX accredited warehouses turmeric stocks dropped by 1 tonnes to 10252 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 5582.4 rupees dropped by -6.35 rupees.

TODAY’S COMMODITY CALL:

  • SELL NATURAL GAS MCX SEPT BELOW 147 SL 149.50 TGT 145.50-144.25-142.50.
  • BUY GOLD MCX OCT ABOVE 31950 SL 31870 TGT 31990-32035-32095.
  • BUY SILVER MCX DEC ABOVE 64100 SL 63880 TGT 64320-64560-64720.
  • BUY COPPER MCX NOV ABOVE 448.50 SL 445 TGT 450.20-452.80-454

Commodities Outlook 07 Sep’2012

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GOLD:

Gold trading range for the day is 31150-31976.

Gold settled flat on profit booking after gaining on news of ECB’s plans for a potentially unlimited bond-buying program

Holdings of gold-backed exchange-traded funds hit a record high of 72.1 million ounces, or 2,044 tonnes

ECB interest rates at 0.75% versus 0.50% expected and 0.75% prior

SILVER:

Silver trading range for the day is 61196-64002.

Silver gains but dropped from high’s as rupee shown firmness and snapped three-day losing streak boosted by corporate dollar sales

Silver extended gains even as the industrial metal remained firmly in overbought territory measured by RSI.

BOE keeps the interest rate at 0.50% and keeps the asset purchase target at 375B.

Silver is trading above 50DMA, which is at 56456, with intraday support seen at 61196 and resistance at 64002.

CRUDE:

Crude trading range for the day is 5250-5482.

Crude oil held on to strong gains after government report showed oil supplies fell significantly last week.

Crude oil inventories fell by 7.4mbls compared to expectations for a decline of 5.3mbls.

Market looked ahead on non-farm payrolls which will allow investors to gauge the strength of the labor market.

Crude is holding with a support at 5250 and resistance will be likely at 5482.

COPPER:

Copper trading range for the day is 429.3-441.1.

Copper dropped despite supportive news that the ECB will undertake an aggressive bond-buying program.

Copper paused to digest the news of the ECB’s program as well as the bank’s decision to keep interest rates on hold.

Copper also had a muted reaction to U.S. data that showed the claims for jobless benefits fell last week

Warehouse stock for Copper at LME was at 213225mt that is down by -1825mt.

ZINC:

Zinc trading range for the day is 104.03-106.83.

Zinc yesterday traded with the positive node as European Central Bank announced to keep interest rate unchanged at 0.75%

ECB chief Mario Draghi said the bank would introduce unlimited amounts of short-term debt buying program

ECB pushed new unlimited government bond purchasing plan, while US ADP’s data was much better than forecasts

Warehouse stock for Zinc at LME was at 945250mt that is down by -2800mt.

NICKLE:

Nickel trading range for the day is 883.9-922.

Nickel dropped but downside limited as data from the was better than expectation

Germany was objected to the ECB’s bond purchasing, increasing risks for bond buying.

ECB President Mario Draghi unveiled a new bond-buying program dubbed “Outright Monetary Transactions (OMTs)”

Warehouse stock for Nickel at LME was at 121152mt that is up by 1098mt.

NATURAL GAS:

Nat.Gas trading range for the day is 152.8-162.4.

Natural gas gains as a report from the EIA showed U.S. gas supplies rose less-than-expected last week.

EIA said in its report that natural gas storage in the U.S. in the week ended August 31 rose by 28 bcf.

Total U.S. natural gas storage stood at 3.402 trillion cubic feet as of last week.

Natural Gas is holding with a support at 152.8 and resistance will be likely at 162.4.

ALUMINIUM:

Aluminium trading range for the day is 107.8-111.2.

Aluminium dropped as investors confidence cooled after weakening possibility of policy easing by the Fed

Markets expect the US non-farm payrolls will continue to grow mildly since US economic figures came in better than anticipated

ECB interest rates at 0.75% versus 0.50% expected and 0.75% prior.

Warehouse stock for Aluminium at LME was at 4866400mt that is down by  -8225mt.

REF SOYA OIL:

Ref soyaoil trading range for the day is 802.13-813.23.

Ref soyaoil dropped on some profit booking but downside was limited as good demand in spot market due supported prices

Overall demand is expected to pick up which will support the market sentiments in medium term.

Soybean production in 2012 is likely to be more than last year but heavy rainfall in central India remains a concern

At the Indore spot market soyoil edged up by 4.65 rupee to 802.65 rupees 10 kgs.

WHEAT:

Wheat trading range for the day is 1523-1569.

Wheat fell on expectations that the government could release additional wheat from its warehouses to ease shortages

India has decided to make available 1.3 million tonnes of additional wheat for open sale in September and October

Millers can now request supplies amounting to up to 1.3 million tonnes out of a total of 3 million tonnes agreed by ministers

In Delhi wheat prices gained 1.95 rupee to end at 1573.2 rupees per 10 kg.

JEERA:

Jeera trading range for the day is 13978-14654.

Jeera gained on short covering on hopes of exports may pick up, though higher production concerns limited uptrend.

The total arrivals remain unchanged at 4,000 bags, while demand was seen for around 5,000 bags.

NCDEX accredited warehouses jeera stocks dropped by 458 tonnes to 10625 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 53 rupees to end at 15138.7 rupees per 100 kg.

TURMERIC:

Turmeric trading range for the day is 5878-6318.

Turmeric gained on rising demand ahead of festive seasons along with lower sowing in the major producing regions.

Reports of stockiest holding onto stocks supported the rates at these levels however.

NCDEX accredited warehouses turmeric stocks dropped by 484 tonnes to 10253 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 5588.75 rupees gained by 116.75 rupees.

TODAY’S COMMODITY ADVICE:

  • BUY COPPER MCX NOV ABOVE 434 SL 432 TGT 436-438
  • BUY SOYABEAN NCDEX OCT ABOVE 4010 SL 3980 TGT 4038-4060
  • CRUDE OIL MCX SEP BELOW 5320 SL 5355 TGT 5295-5270

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.

Market Outlook: Nifty Levels for 02 August’2012

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The Bse Index Closes on Wednesday at 17257 up 21 Points or +0.12% and the Nifty fasten store at 5240, up 11 points from the previous close or +0.22%. The CNX Midcap index was up 0.9% while the BSE Small cap index gains 1.1% in Yesterdays Trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE.

The markets clogged with restrained gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. Top Gainers in Yesterday’s Trade were Cipla, Kotak Mahindra Bank, Ambuja Cement and JP Associates & Losers were Coal India, Sesa Goa,Ongc and Hero Motocorp.

Stock Cipher:

  • Delta Corp Q1 cons net profit at Rs 16.1 cr vs Rs 11.8 cr (YoY); cons net sales at Rs 72 cr vs Rs 91.2 cr (YoY).
  • Karvy has filed a forgery case against Deccan Chronicle.
  • IDBI Q1FY13 YoY Net Profit at Rs.427.3 Cr vs Rs.335 Cr; NII at Rs.1270.6 Cr Vs Rs.1211 Cr.
  • Godrej Properties will be developing 1.85 lakh sq ft Ghatkopar Township.
  • 3i Infotech has allotted 2.14 cr shares at Rs 19.74/share as per CDR (Corporate Debt Restructure) package to various lenders.
  • EID Parry Q1FY13 YoY Consolidated Net Profit at Rs.106 Cr Vs Rs.95.5 Cr; Net Sales at Rs.2,666.3 Cr Vs Rs.2,489 Cr.
  • Uninor decides to auction its mobile services business and ancillary operations in various circles; Unitech nominees on the board have opposed the auction.
  • State-owned oil companies hike ATF prices by average Rs 2876.75/kl.
  • Maruti Suzuki July total sales up 9.2% at 82,234 Units (YoY). Domestic Sales at 71,024 Units Vs 66,504 Units (YoY). Exports at 11,210 Units Vs 8,796 Units (YoY). Dzire Sales at 11,413 Units Vs 3,021 Units (YoY).
  • Orissa Minerals Development Company is planning for a bonus share issue and stock split on August 9. The company is looking forward for meger of Bisra Stone Lime with itself on August 9.
  • PVR Q1 cons net profit at Rs 7.6 cr vs loss Rs 13.2 cr (QoQ); cons net sales at Rs 176 cr vs Rs 117.7 cr (QoQ).
  • Adani Power Q1 cons net loss at Rs 810 cr Vs Rs 181 cr profit (YoY); cons net sales at Rs 1,502 cr Vs Rs 855 cr (YoY).
  • M&M July Sales: Total Sales at 47,059 Vs 39,633 units (YoY).
  • Cipla has got US FDA nod for Insomnia drug ambient generic.
  • July Auto Sales Tata Motors:
    Total Sales (GU)15% at 74,159 at units (YoY)
    Domestic Sales (GU)18% at 68,627 at units (YoY)
    PV Sales (GU)53% at 26,240 at units (YoY)
    Nano Sales at 5,485 at units Vs 3,260 at units (YoY)
    Exports at 5,532 at units Vs 6,512 at units (YoY)
  • Orient Paper Q1 net profit at Rs 48.9 cr vs Rs 59.4 cr (YoY); net sales at Rs 657 cr vs Rs 524 cr (YoY)
  • Jaypee Infra Q1 net profit at Rs 209 cr vs Rs 238 cr (YoY); net sales at Rs 678 cr vs Rs 617 cr (YoY),
  • CEAT Q1 cons net profit at Rs 29 cr vs loss of Rs 41 cr (YoY); cons net sales at Rs 1,225 cr vs Rs 1,110.5 cr (YoY).
  • Eicher Motor July Auto Sales: Total Bus, Truck Sales (Reduced) 13.2% at 3,602 Units (YoY).
  • GSK Consumer Q2 net profit at Rs 106.6 cr Vs Rs 82.5 cr, net sales at Rs 729.7 cr Vs Rs 653.4 cr (YoY).

Last Close at 5240 up 11 points, Last High at 5246 Low at 5212, Weekly High at 5246 and low at 5032 and 5 DMA at 5162, 20 DMA at 5213, 50 DMA at 5128 and 200 DMA at 5105.

5-Days Relative Strength Index at 68 and 14-Days Relative Strength Index at 56. 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 02 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 01 August’2012

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The Bse Index Closes on Tuesday at 17236 up 92 Points or +0.54% and the Nifty fasten store at 5229, up 29 points from the previous close or +0.56%. The CNX Midcap index was up 0.4% while the BSE Small cap index gains 0.1% in Tuesday’s Trade. The market breadth was positive with advances at 741 against declines of 657 on the NSE.

The markets finished a smart recovery in the afternoon to close with temperate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in yesterday’s session and IT and healthcare, too, gained significantly. Top Gainers in Yesterday’s Trade were Grasim, Ongc, Dlf and Sterlite Industries & Losers were Bharti Airtel, Hero Motocorp, Jindal Steel and Bank of Baroda.

Stock Cipher:

  • Hexaware Q2 net profit at Rs 89 cr vs Rs 88.4 cr (QoQ).
  • Competition Commission of India (CCI) has imposed a penalty of Rs 397.5 cr on Shree Cement for indulging in restrictive trade practices.
  • Deccan Chronicle has pledged 14.5% stake of the company to Religare Finvest. Earlier, it had pledged 54% to Future Capital.
  • Coal India board will be meeting on Tuesday to discuss FSAs (fuel supply agreement) with Power companies.
  • First source Solutions Q1 net profit up 25.6% at Rs 29 cr (QoQ); Revenues up 8.6% at Rs 675.2 cr vs Rs 621.8 cr (QoQ).
  • Bharti Airtel is planning to issue new shares to the public or Qualified Foreign Investors (QFI).
  • Gulf Oil India has signed a development agreement with Hinduja Estates for 76 acre Hyderabad land.
  • Rare Enterprises buys 25 lakh shares of SpiceJet; stock up 8%.
  • Suzlon Energy has bagged orders of worth 247 million Euro.
  • Sun TV in distribution pact with Arasu Cable.
  • Zydus Cadila receives tentative US FDA nod for Aripiprazole tablets.
  • Karur Vysya Bank Q1 Net Profit at Rs 146 cr Vs Rs 117 cr (YoY).
  • Titan Q1 net profit at Rs 156 cr vs 143.3 cr (YoY); total income at Rs 2,231 cr vs Rs 2,020 cr (YoY).
  • Petronet LNG Q1 Net Profit at Rs 271 cr Vs Rs 245.1 cr (QoQ).
  • Cipla Q1 net profit at Rs 400.7 cr vs Rs 253 cr (YoY); net sales at Rs 1917.4 cr vs Rs 1591 cr (YoY).
  • RBI leaves the Repo Rates as it is.

Last Close at 5229 up 30 points, Last High at 5234 Low at 5154, Weekly High at 5234 and low at 5032 and 5 DMA at 5136, 20 DMA at 5216, 50 DMA at 5119 and 200 DMA at 5103.

5-Days Relative Strength Index at 61 and 14-Days Relative Strength Index at 55. It Indicates Nifty Placed in BULLISH precinct.

NIFTY {5229}: 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 5200 and below this level mark next support is seen at 5177 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 01 Aug’2012:

Buy Nifty August Future above 5245 Sl 5222 Tgt 5266-5288 {Or} Sell Nifty August Future below 5200 Sl 5222 Tgt 5177-5155.

Market Outlook: Nifty Levels for 31 JULY’2012

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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.