Market View – 07 August’2012

The Bse Index Closes on Monday at 17413 up 215 Points or +1.25% and the Nifty fasten store at 5283, up 67 points from the previous close or +1.28%. The CNX Midcap index was up 0.6% while the BSE Small cap index gains 0.8% in Yesterdays Trade. The market breadth was positive with advances at 903 against declines of 543 on the NSE.

Lead by Reliance Industries Limited, the markets gained drastically on Monday and barring FMCG and IT, all sectoral indices closed positive. Strong US job data, too, played its role in pulling the indices up. Oil & gas, auto, banking and capital goods were the biggest gainers in today’s session and realty and metal, too, supported the indices well.

Nifty Top Gainers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

Reliance

783.50

+5.51%

02

Tata Motors

229.05

+3.67%

03

JP Associates

75.60

+3.07%

04

Gail

366.90

+2.74%

05

Kotak Bank

560.00

+2.36%

Nifty Top Losers in Yesterday’s Trade:

S.NO

SCRIP

LTP

% Change

01

Bpcl

342.35

-3.02%

02

Wipro

343.90

-0.94%

03

Dr. Reddy

1,658.00

-0.92%

04

Tcs

1,226.00

-0.82%

05

Itc

257.25

-0.62%

Stock Cipher:

  • Divi’s Labs Q1 net profit at Rs 167.4 Cr Vs Rs 102.6 Cr (YoY); net sales at Rs 468.4 Cr Vs Rs 361.3 Cr (YoY).
    • TV18 Broadcast Q1FY13 Consolidated Net Loss at Rs 23.45 cr vs Profit of Rs 21.12 Cr (YoY); Income from ops at Rs 346.89 cr Vs Rs 263.79 Cr (YoY).
  • Network 18 Q1FY13 QoQ Consolidated Cons net loss at Rs 91.3 cr vs Rs 168.2 Cr; Cons income from ops at Rs 489 cr vs Rs 659.5 Cr.
  • 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).
  • Cabinet has agreed spectrum reserve price of Rs 14,000 cr in 1800 mhz band.
  • The board of Bharti Shipyard has agreed the allotment of 6.1 cr warrants and debentures at Rs 79/share.
  • Aurobindo pharma has received the final US FDA nod for montelukast sodium tablets.
  • Glenmark gets final US FDA nod for asthma treatment drug.
  • RIL up 5% post Min order to meet Dabhol gas requirement.
  • Monnet Ispat Q1 net profit at Rs 65.7 cr vs Rs 72.6 cr (yoy); net sales at Rs 530.6 cr vs Rs 444.9 cr (yoy).
  • Whirlpool Q1 net profit at Rs 64.5 cr vs Rs 51 cr (YoY); net sales at Rs 872 cr vs Rs 790.5 cr (YoY).
  • IVRCL has bagged orders of worth Rs 620 cr.
  • Britannia Q1 net profit at Rs 43.4 cr vs Rs 41.8 cr (YoY); net sales at Rs 1,221 cr vs Rs 1,103 cr (YoY). EBITDA margin at 5.3% vs 4.3% (YoY).
  • Wockhardt Q1 cons net profit at Rs 378 cr vs Rs 194 cr (YoY); cons net sales at Rs 1426 cr vs Rs 1053 cr (YoY).
  • The board of Sun Pharma is planning for an internal Rejig of company’s business on August 10.
  • Andhra Bank Q1 Net Profit at Rs 362 cr Vs Rs 386 cr (YoY); NII at Rs 938.5 cr  Vs Rs 910.6 cr (YoY).
  • The management of Cipla said that the company has invested Rs 500 cr in new R&D and bulk drug units. The new R&D and API units will be ready by March 2013.
  • Uttam Galva Q1 Net Profit at Rs 10.2 cr Vs  Vs Rs 9.1 cr (YoY); Net Sales at Rs 2057.7 cr Vs Rs 1,533.2 cr (YoY).
  • SAIL Q1 Net Profit at Rs 696.4 cr Vs Rs 848.3 cr (YoY); Net Sales at Rs 10,640.7 cr Rs 10,826.3 cr (YoY).
  • AB Nuvo Q1 Cons Net Profit at Rs 267 cr Vs Rs 253 cr (YoY); Net Sales at Rs 5,253.6 cr Vs Rs 4,719.2 cr (YoY).
  • Cadila Health Q1 Cons Net Profit at Rs 194.7 cr  Vs Rs 230 cr (YoY); Cons Revenue at Rs 1,594 cr Vs Rs 1,246 cr (YoY).
  • Essar Shipping Q1 Net Profit at Rs 54 cr Vs Rs 19 cr (YoY); Revenue at Rs 925 cr Vs Rs 670 cr (YoY)
  • Siemens consortium has got 290 million Euro order from NMDC.

As Told after Gap up opening Nifty faced Resistance at 5288, 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 5282 up 67 points, Last High at 5293 Low at 5260, Weekly High at 5293 and low at 5032 and 5 DMA at 5239, 20 DMA at 5203, 50 DMA at 5145 and 200 DMA at 5107.

5-Days Relative Strength Index at 73 and 14-Days Relative Strength Index at 59. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5288 and above the level marks the track point at 5233 later zooper levels at 5355 marks.

SUPPORT@ It has the first support close to the level of 5244 and below this level mark next support is seen at 5222 later dipping levels near 5200 marks.

 NIFTY FUT MOMENTUM CALLS FOR 07 Aug’2012:

Buy Nifty August Future above 5311 Sl 5288 Tgt 5333-5355 {Or} Sell Nifty August Future below 5266 Sl 5288 Tgt 5244-5222.