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

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

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.