Nifty Outlook – 13 August’2012

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.