Thursday, July 31, 2014

STOCK ALERT ( 31 / 07 )

HCL Tech in spotlight after Q4 results
On a consolidated basis, HCL Technologies' net profit rose 13% to Rs 1834 crore on 0.9% increase in revenue to Rs 8424 crore in Q4 June 2014 over Q3 March 2014.
EBITDA (earnings before interest, taxes, depreciation and amortization) fell 0.7% to Rs 2216 crore in revenue to Rs 8424 crore in Q4 June 2014 over Q3 March 2014.
"HCL continues to demonstrate its ability to navigate the dynamic economic environment and grow profitably by delivering “relevant” and unique service experience to its customers fueled by the ‘Relationships Beyond the Contract' philosophy. We will continue to build on this ability to deliver differentiated value to clients and stakeholders," said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
"With a year-on-year increase of 28% in revenues and 58% rise in net income HCL has posted a robust Financial Year performance which emphatically demonstrates the continued success and relevance of our overall strategy. In FY14, the company crossed the US$ 5bn Revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL," said Anant Gupta, CEO, HCL Technologies.
"The superior operating performance has been accompanied by efficient working capital management including DSO, high conversion of profits into cash and return on equity at historic high of 36%. Based on the sustained efforts, HCL has delivered another stellar year of EPS growth of 58% in FY'14. We have declared a dividend of 12 per share making this quarter the 46th consecutive quarter of dividend declaration," said Anil Chanana, CFO, HCL Technologies.
ICICI Bank, Maruti Suzuki India, NTPC, Bharat Electronics, Castrol India, DLF, HCL Technologies, Syndicate Bank and Tech Mahindra will announce their April-June 2014 results on Thursday, 31 July 2014.
Sun Pharmaceutical Industries will seek shareholders nod for its $4 billion acquisition of Ranbaxy Laboratories in a court convened meeting on 22 August 2014. In a filing to the BSE, the company said the meeting would be held at Vadodara on 22 August 2014.
The company said the Gujarat High Court had issued an order on 16 July 2014, directing the company to hold a meeting of its equity shareholders to consider and approve the scheme of arrangement between Sun Pharma and Ranbaxy.
On a consolidated basis, IRB Infrastructure Developers' net profit rose 11.76% to Rs 150.39 crore on 2.37% decline in total income to Rs 1036.71 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Wednesday, 30 July 2014.
EBITDA (earnings before interest, taxes, depreciation and amortization) rose 22% to Rs 589 crore in Q1 June 2014 over Q1 June 2013.
The company's order book now stands at approximately Rs 11350 crore out of which Rs 9400 crore worth of order book is to executed in the next three to four years. This construction order book gives IRB good visibility for the next three years, the company said in a statement.
Adani Enterprises turns ex-dividend today, 31 July 2014, for dividend of Rs 1.40 per share for the year ended March 2014.
Adani Ports & Special Economic Zone turns ex-dividend today, 31 July 2014, for dividend of Re 1 per share for the year ended March 2014.
Divi's Laboratories turns ex-dividend today, 31 July 2014, for dividend of Rs 20 per share for the year ended March 2014.
Godrej Industries turns ex-dividend today, 31 July 2014, for a final dividend of Rs 1.75 per share for the year ended March 2014.
Hexaware Technologies turns ex-dividend today, 31 July 2014, for an interim dividend of Rs 1.60 per share for the year ending December 2014.
Gulf Oil Lubricants India (GOLIL), the demerged entity of Gulf Oil Corporation (GOCL), will be listed on bourses today, 31 July 2014. GOCL recently demerged its lubricants business to list it as a separate entity, GOLIL, after it had reached a certain level of revenue.
It was so planned that on demerger, the lubricants business would have reached annual turnover of around Rs 1000 crore and will have several business initiatives and a large expansion project in hand to grow the business further, GOCL had said in a statement in January 2014.
Post demerger, shares of GOCL re-listed on the BSE and the NSE on 26 June 2014. Shareholders were allotted one equity share of GOCL and one GOLIL share for every two shares held in Gulf Oil Corporation. According to the deal, the paid-up capital of GOCL was also decreased by reducing the face value of the shares to Rs 1 from Rs 2. Thus, a shareholder holding 100 shares of GOCL of face value Rs 2 each before the demerger, now have 50 shares of Rs 2 each of GOCL and 50 shares of Rs 2 each of GOLIL post-capital reduction.

MARKET OUTLOOK ( 31 / 07 )

BEING EXPIRY DAY NO FRESH TRADE IS THE BEST TRADE FOR THE DAY . HAVE A CLOSE WATCH ON SPOT NIFTY  CRITICAL ZONE BETWEEN 7763 TO 7754 TO BOLDLY TRADE SHORT IF SPOT NIFTY BREACHES THIS ZONE. AS LONG AS SPOT NIFTY DOES NOT BREACH THIS ZONE IT IS BULLISH & APPROACH TOWARDS THIS ZONE CAN BE TRADED LONG WITH STOP LOSS BELOW THIS ZONE TO REVERSE FOR SHORTS.

SIMILARLY ON THE HIGHER SIDE FAILURE ON THE PART OF SPOT NIFTY TO BREACH & STAY ABOVE 7812 TO 7820 SPOT ZONE CAN BE SHORTED WITH STOP LOSS ABOVE THE ZONE TO REVERSE FOR LONGS.

NIFTY VIEW

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R47891BULL78297725
R37850UP BREAKOUT78037751
R27834UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R17824SELL78137726
PIVOT7766 LAST DAYSTRONG BULL LOW VOLATALITY
S17758BUYOPEN7746
S27748DOWN CAUTIONHIGH7799.0
S37733DOWN BREAK OUTLOW7708.0
S47692BEARCLOSE7791.4
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.18%
R26082LONGNIFTY WEEKLY VOLATALITY1.73%
R15976SHORT EXITNIFTY WEEKLY HIGH7841.0
S15765LONG EXITNIFTY WEEKLY LOW7708.0
S25659SHORTNIFTY DAY MEAN7774.5

July 30, 2014
Open Price7746.2
High Price7798.7
Low Price7707.6
Close Price7791.4
Absolute Change42.7
Percentage Change0.551%
Weekly Change0.303%
Monthly Change2.05%
Yearly Change28.2%
52-week high7840.95
52-week low5118.85

Futures - NSE


Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
July 31, 20147788.39668000.0120666.0317216.07791.4
August 28, 20147825.159947400.061811.0173215.07791.4
September 25, 20147855.8836950.02083.04804.07791.4



IndicatorAnalysisSignal (0 - 10) 
RSIRSI is 61.9. According to RSI analysis, nifty is strong.7.0 
MACDMACD: 72.9 and Signal Line: 64.5. According to MACD analysis, nifty is technically strong.8.0 
Simple Moving AverageAccording to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 7676.637, 7558.717, 6658.272.10.0 
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 7680.549, 7503.349, 6807.23.10.0 
Bollinger Bands%b is 0.759. According to bollinger bands, nifty is technically strong.7.0 
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 7564.955 and 7479.7. Resistance level is 7840.95.6.5 
Average True RangeATR: 91.3NA 
Average Directional IndexADX is 31.8 which means NIFTY is in a trend.NA 

Wednesday, July 30, 2014

BANK NIFTY VIEW

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R415759BULL 1567415099
R315627UP BREAKOUT 1555915214
R215579UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R115547SELL 1548215206
PIVOT15369  LAST DAYVERY STRONG BULL
S115358BUY OPEN15256
S215326DOWN CAUTION HIGH15471.0
S315278DOWN BREAK OUT LOW15185.0
S415146BEAR CLOSE15452.4

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.88%
 BANKNIFTY WEEKLY VOLATALITY3.07%
 BANKNIFTY WEEKLY HIGH15627.0
 BANKNIFTY WEEKLY LOW15162.0
 BANKNIFTY DAY MEAN15394.5

July 30, 2014
Open Price15256.2
High Price15470.6
Low Price15184.65
Close Price15452.4
Absolute Change240.25
Percentage Change1.58%
Weekly Change0.162%
Monthly Change0.855%
Yearly Change37.5%
52-week high15742.05
52-week low8366.75


Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
July 31, 201415451.71293200.052816.0110873.015452.4
August 28, 201415561.8977800.019813.035008.015452.4
September 25, 201415637.1528850.0501.0872.015452.4
IndicatorAnalysisSignal (0 - 10)
RSIRSI is 56.7. According to RSI analysis, banknifty is strong.7.0 
MACDMACD: 94.8 and Signal Line: 76.1. According to MACD analysis, banknifty is technically strong.8.0 
Simple Moving AverageAccording to simple moving average analysis, banknifty is in a strong uptrend. Major support levels are 15208.31, 15207.1, 12474.03.10.0 
Exponential Moving AveragePrice just got above it's 20-day exponential moving average which is a positive signal. According to exponential moving average analysis, banknifty is in a strong uptrend. Major support levels are 15245.08, 14908.56, 13088.84.9.0 
Bollinger Bands%b is 0.656.5.0 
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 14308.7478 and 13866.0. Resistance level is 15742.05.6.5 
Average True RangeATR: 286NA 
Average Directional IndexADX is 23.7 which means BANKNIFTY is in a trading range and there is no trend.NA

ICICI BANK VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R41545.1BULL15131430
R31520.8UP BREAKOUT14921451
R21511.9UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11506.1SELL14961452
PIVOT1476.8 5 DAY HIGH1512.4
S11470.9BUY5 DAY LOW1442.6
S21465.1DOWN CAUTIONAVG VOLUME2786007
S31456.3DOWN BREAK OUTLAST DAYStrong Bull
S41432BEARHIGH1497
TRADING POSTIONBULLLOW1445

MCDOWELL - N VIEW ::::



INTRADAYPROBABLE HIGHPROBABLE LOW
R42432BULL24182343
R32402.8UP BREAKOUT24032358
R22392.2UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12385.2SELL24122368
PIVOT2370.2 5 DAY HIGH2419
S12340.6BUY5 DAY LOW2342
S22333.6DOWN CAUTIONAVG VOLUME348905
S32323.1DOWN BREAK OUTLAST DAYBear
S42294BEARHIGH2405.7
TRADING POSTIONSLIGHT BEARLOW2342

LARSEN & TOUBRO VIEW ::::

INTRADAYPROBABLE HIGHPROBABLE LOW
R41657.5BULL17131450
R31598.4UP BREAKOUT16601503
R21576.9UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11562.8SELL16421595
PIVOT1559.1 5 DAY HIGH1677
S11485.6BUY5 DAY LOW1512
S21471.5DOWN CAUTIONAVG VOLUME2698759
S31450.1DOWN BREAK OUTLAST DAYStrong bear
S41391.2BEARHIGH1587.9
TRADING POSTIONBEARLOW1512

SBIN VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R42552.2BULL25522422
R32516.9UP BREAKOUT25192454
R22504.1UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12495.7SELL25352463
PIVOT2468.8 5 DAY HIGH2572.95
S12443.4BUY5 DAY LOW2430.3
S22435DOWN CAUTIONAVG VOLUME1586484
S32422.2DOWN BREAK OUTLAST DAYBear
S42387.1BEARHIGH2506.7
TRADING POSTIONSLIGHT BEARLOW2430.3

MARKET OUTLOOK ( 30 ./ 07 )

TWO DAYS OF CORRECTION AFTER EIGHT CONSECUTIVE DAYS OF RISE  SAW NIFTY STILL CONTINUING TO STAY ABOVE 7700 LEVELS IS A SIGN OF STRENGTH THAT CAN SEE IT SWING BACK INTO ACTION TOWARDS 7800 AGAIN. HOWEVER THE CLOSURE OF SPOT NIFTY AT 7748 ON MONDAY  ALTHOUGH NOT VERY FAR OFF FROM 23RD JULY PERFECT DOJI LOW OF 7753 SPOT, YET IT CLEARLY SENDS A WARNING SIGNAL FOR THE BULLS TO BETTER WATCH OUT. ANOTHER DAY OF FALL TO CLOSE SLIGHTLY LOWER THAN THE CLOSING OF MONDAY CAN EASILY TURN THE TIDE IN FAVOR OF THE BEARS FOR NEXT FEW DAYS THAT CAN SEE MUCH LOWER LEVELS TO CONTEST 21ST JULY 7TH NR CANDLE LOWS OF 7674 SPOT LEVELS  A DECISIVE BREACH OF WHICH CAN DRIVE DOWN NIFTY SPOT STRAIGHT TOWARDS THE CRITICAL 50 DAY SMA AROUND 7550 SPOT LEVELS.

FOR INTRADAY TRADING ON WEDNESDAY, THE CRITICAL LEVEL BULLS MUST TRY TO BREACH & SUSTAIN ABOVE IS THE SPOT NIFTY ZONE OF 7755 TO 7761, WHICH MAY ACT AS A BOOSTER DOSE TO PROPEL SPOT NIFTY TOWARDS 7767 TO 7777 SPOT ZONE BY SEAR POWER OF SHORT COVERING. SUSTAINING ABOVE 7777 TO CLOSE A 30 OR EVEN A 15 MINUTE CANDLE CAN SEE THE BEARS SCRAMBLING HERE & THERE OUT OF CONFUSION THAT CAN SEE NIFTY SPOT QUIETLY MOVING UP TOWARDS MONDAYS HIGH OF 7797 SPOT TO PERSUADE THE BULLS TO GIVE ANOTHER PUSH TOWARDS 7800 TO 7808 SPOT ZONE FROM WHERE  THE BEARS MAY TAKE OVER AGAIN AS THE  HOLIDAY RETURNED BULLS MAY BE TOO TIRED BY THEN.

SIMILARLY ON THE LOWER SIDE, AN INITIAL FAILURE TO BREACH & SUSTAIN ABOVE THE CRITICAL 7755 TO 7761 SPOT ZONE OR EVEN IF  THIS ZONE IS  BREACHED, THEN AGAIN FALLING BACK TO SLIDE BELOW THIS ZONE TO CLOSE A 30 OR EVEN A 15 MINUTE CANDLE BELOW 7750 SPOT WILL SEE THE BULLS VANISHING FROM THE SCENE & THIS GLORIOUS RETREAT BY THE BULLS CAN BREACH MONDAY’S LOWS OF 7722 SPOT  TO FALL FURTHER DOWN TOWARDS 7719 TO  7710 SPOT ZONE BELOW WHICH BEARS WILL RULE NIFTY NOT ONLY FOR REST OF THE JULY DAYS BUT ALSO WILL EAT UP INTO SOME DAYS OF AUGUST MONTH.  

Tuesday, July 29, 2014

NIFTY VIEW

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R47834BULL78457707
R37799UP BREAKOUT78187735
R27786UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R17778SELL78267748
PIVOT7757 LAST DAYBEAR WITH LV
S17720BUYOPEN7793
S27711DOWN CAUTIONHIGH7800.0
S37699DOWN BREAK OUTLOW7723.0
S47664BEARCLOSE7748.7
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.0%
R26082LONGNIFTY WEEKLY VOLATALITY1.77%
R15976SHORT EXITNIFTY WEEKLY HIGH7841.0
S15765LONG EXITNIFTY WEEKLY LOW7705.0
S25659SHORTNIFTY DAY MEAN7773

July 28, 2014
Open Price7792.9
High Price7799.9
Low Price7722.65
Close Price7748.7
Absolute Change-41.75
Percentage Change-0.536%
Weekly Change0.839%
Monthly Change1.8%
Yearly Change28.5%
52-week high7840.95
52-week low5118.85

Futures - NSE


Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
July 31, 20147743.2511930900.095477.0254863.07748.7
August 28, 20147778.66241000.034277.0100305.07748.7
September 25, 20147810.45715100.02016.05392.07748.7
 
 
IndicatorAnalysisSignal (0 - 10) 
RSIRSI is 59.3. According to RSI analysis, nifty is strong.7.0 
MACDMACD: 71.7 and Signal Line: 62.4. According to MACD analysis, nifty is technically strong.8.0 
Simple Moving AverageAccording to simple moving average analysis, nifty is in a strong uptrend. Major support levels are 7668.802, 7548.399, 6649.352.10.0 
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 7668.881, 7491.592, 6797.339.10.0 
Bollinger Bands%b is 0.695.5.0 
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 7318.4886 and 7157.1. Resistance level is 7840.95.6.5 
Average True RangeATR: 91.3NA 
Average Directional IndexADX is 32 which means NIFTY is in a trend.NA