Friday, August 22, 2014

MARKET OUTLOOK ( 22 / 08 )

NIFTY FUTURES MADE A HIGHER HIGH AT 7937 BREACHING WEDNESDAY’S HIGH OF 7923 BUT ALSO MADE A LOWER LOW AT 7869 COMPARED TO WEDNESDAY’S LOW OF 7981 FUTURE LEVELS. THE HIGHER CLOSING ON THURSDAY AROUND 7905 FUTURE LEVELS MAY BE A WELL CONCEALED PLOT TO TRAP THE WEAKER BULLS ON FRIDAY. FOR FRIDAY’S INTRADAY TRADING PURPOSE, IN CASE NIFTY FUTURES FAILS TO SUSTAIN ABOVE 7900 THEN CLOSE THE EYES AND TRADE SHORT .

IN CASE BULLS FAIL TO PREVENT BEARS’ ONSLAUGHT AND ALLOW NIFTY FUTURES TO SLIP & SUSTAIN BELOW 7880 TO 7870 FUTURE  ZONE  THEN EVERY INTRADAY TRADER WHETHER A BULL OR A BEAR SHOULD GO ON A SHORTING RAMPAGE TO SEE LOWER  FUTURE LEVELS OF  7848 TO 7842 LEVELS BEFORE THINKING OF BOOKING PROFIT ON THE SHORTS OR GOING LONG. HIGHLY MANIPULATIVE SGX NIFTY  WHICH HAS BEEN DECEPTIVELY KEPT +VE ON THURSDAY NIGHT MAY BE SUITABLY BROUGHT DOWN BEFORE THE START ON FRIDAY TO INDUCE A GAP DOWN OR LOWER OPENING.

HOWEVER IF THE BULLS ARE DETERMINED AND DO NOT ALLOW NIFTY FUTURES TO SLIDE BELOW 7900 TO CLOSE A 30 OR AT LEAST A 15 MINUTE CANDLE BELOW IT, OR EVEN AFTER SLIDING BELOW 7900, THE BULLS  PULL NIFTY FUTURES UP TO CLOSE A CANDLE ABOVE 7903 TO 7909 FUTURE ZONE  THEN ONE CAN SEE MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS  7929 TO 7939 FUTURE ZONE SUSTAINING ABOVE WHICH BEARS MAY NOT BE VISIBLE AT ALL & MAY GO FOR A WEEKEND HOLIDAY TO  RESURFACE ON MONDAY ONLY.

SO IN CASE SGX MANIPULATORS WHO HAVE DECEPTIVELY KEPT SGX NIFTY FUTURES UP ON THURSDAY NIGHT, DO NOT START WITH A BIG  GAP DOWN BELOW 7880 FUTURE LEVELS & ALLOW NIFTY FUTURES TO OPEN FLAT OR MILD THEN A SLIDE BELOW  7900  INITIALLY FOLLOWED BY SLIDE BELOW 7880 TO 7870 FUTURE  ZONE  IS THE  GO AHEAD SIGNAL TO TRADE SHORT WITH STOP LOSS ABOVE 7905 FUTURE LEVELS. IN CASE AFTER THE SLIDE NIFTY FUTURES RISES TO CLOSE A CANDLE ABOVE 7905 THEN  BOLDLY GO LONG AND MORE LONGS BE ADDED ABOVE 7929 TO 7939 FUTURE ZONE. DO NOT HESITATE TO PLACE A STOP LOSS AT YOUR COMFORT LEVEL ALTHOUGH 90% OF THE STOP LOSS ES NOW A DAYS ARE FORCED BY THE MANIPULATORS TO BE TRIGGERED.

STOCK ALERT ( 22 / 08 )

United Spirits in focus after exclusion from NSE's F&O segment
United Spirits has not submitted financial results for the year ended 31 March 2014 and quarter ended 30 June 2014 as required under the listing agreement. In view of the above the National Stock Exchange (NSE) has decided to exclude the scrip from equity derivatives segment. Thus, fresh month contracts will not be introduced for the expiry month November 2014, on the expiration of August 2014 contracts. All existing contracts i.e. contracts with expiry dates 25 September 2014 and 30 October 2014 will expire on 18 September 2014. Accordingly, no futures and options (F&O) contracts will be available in the underlying United Spirits for trading from 19 September 2014 onwards, NSE said.
TCS said that its TCS BaNCS customer, National Employment Savings Trust (NEST) in the UK, has crossed the 1 million member mark. TCS made the announcement after market hours on 21 August 2014. TCS is NEST's IT solutions partner and scheme administrator. NEST was established under UK law as part of the UK government's workplace pension reforms that require all UK employers to enroll their eligible workforce into a qualifying workplace pension scheme and make contributions along with the employee contribution component.
The board of SpiceJet approved to allot upto 18.91 crore warrants, convertible into equivalent number of equity shares, in various tranches, to the promoters of the company, on preferential basis. Further, the board has decided to increase the authorised share capital of the company from existing Rs 1000 crore divided into 100 crore equity share of Rs 10 each to Rs 1500 crore divided into 150 crore equity share of Rs. 10 each.
Karur Vysya Bank said that the qualified institutional placement (QIP) committee of the board has declared the closure of the QIP on 21 August 2014. The committee approved the issue price of Rs 466 per equity share (including a premium of Rs 456 per equity share), for the equity shares to be allotted to eligible qualified institutional buyers in the QIP.
KNR Constructions said it received construction orders worth of Rs 68.37 crore from the Government of Karnataka. The orders are to be completed within 24 months from the appointed date.
Gammon India's Board of Directors at its meeting held on 21 August 2014, approved sale of 52.8,0 crore equity shares held by the company in its subsidiary viz. Gammon Infrastructure Projects to its another subsidiary viz. Gammon Power, subject to all the necessary approvals. The Board has also, at the aforementioned meeting, approved convening of an Extra Ordinary General Meeting of the shareholders of the company on 20 September 2014 to transact the aforementioned business.
CEAT said that a meeting of the Board of Directors of the company will be held on 26 August 2014, for considering further issue of securities through issuance of equity shares or debentures or equity linked securities and/or any instrument convertible into equity shares by way of private or public offerings, including qualified institutes placement and/or on a preferential allotment basis. The announcement was made after market hours on Thursday, 21 August 2014.
Genus Power Infrastructures said that the board of directors of the company at its meeting held on 21 August 2014, has decided to transfer/sell/dispose of company's Home & Industrial Products (HIP) business i.e. manufacturing of a complete range of Inverters/UPS, Solar PCU and Batteries, subject to approval of members and other regulatory authorities, if any. The announcement was made after market hours on Thursday, 21 August 2014.
Adi Finechem said that with effect from 21 August 2014, the company has taken a shut down of its plant for completion of first phase of its ongoing capacity expansion programme. The manufacturing activity will remain suspended for about 8 to 10 days from 21 August 2014. The announcement was made after market hours on Thursday, 21 August 2014.
Maharashtra Seamless turns ex-dividend today, 22 August 2014 for dividend of Rs 6 per share for the year ended 31 March 2014.
Prakash Industries turns ex-dividend today, 22 August 2014 for dividend of Re 1 per share for the year ended 31 March 2014.
Solar Industries turns ex-dividend today, 22 August 2014 for final dividend of Rs 7 per share for the year ended 31 March 2014.
Cupid said it received order for supply of WHO/UNFPA prequalified male condoms from UN population fund Denmark. Total value of the order is $0.97 million equivalent to Indian Rs 5.87 crore approximately. The company expects this order to be completed by mid-February 2015. Further, the company said it has orders on hand of Rs 5.70 crore approximately to supply Cupid female condoms to its customers in South Africa. This order is in addition to the Rs 7.70 crore order previously announced in November 2013.

Thursday, August 21, 2014

NIFTY INTRADAY VIEW ( 22 / 08 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R47963BULL79647812
R37934UP BREAKOUT79267850
R27923UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R17916SELL79207867
PIVOT7889 LAST DAYBULL WITH LV
S17866BUYOPEN7875
S27859DOWN CAUTIONHIGH7920.0
S37848DOWN BREAK OUTLOW7856.0
S47819BEARCLOSE7891.1
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY0.81%
R26082LONGNIFTY WEEKLY VOLATALITY2.38%
R15976SHORT EXITNIFTY WEEKLY HIGH7923.0
S15765LONG EXITNIFTY WEEKLY LOW7739.0
S25659SHORTNIFTY DAY MEAN7831

Open Price7875.35
High Price7919.65
Low Price7855.95
Close Price7891.1
Absolute Change15.8
Percentage Change0.201%
Weekly Change1.96%
Monthly Change1.59%
Yearly Change37.4%
52-week high7922.7
52-week low5118.85

Futures - NSE




Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
August 28, 20147903.1514683750.081180.0191635.07891.1
September 25, 20147936.52566600.012456.020443.07891.1
October 30, 20147971.3240550.01145.01749.07891.1

BANK NIFTY INTRADAY VIEW ( 22 / 08 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R415941BULL 1593715176
R315822UP BREAKOUT 1574615366
R215778UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R115750SELL 1563815460
PIVOT15616  LAST DAYSTRONG BULL
S115575BUY OPEN15476
S215546DOWN CAUTION HIGH15722.0
S315503DOWN BREAK OUT LOW15462.0
S415384BEAR CLOSE15662.2

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.68%
 BANKNIFTY WEEKLY VOLATALITY5.23%
 BANKNIFTY WEEKLY HIGH15722.0
 BANKNIFTY WEEKLY LOW14940.0
 BANKNIFTY DAY MEAN15331

Open Price15475.5
High Price15721.95
Low Price15462.5
Close Price15662.2
Absolute Change180.5
Percentage Change1.17%
Weekly Change5.04%
Monthly Change1.52%
Yearly Change56.2%
52-week high15742.05
52-week low8366.75

Futures - NSE


Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
August 28, 201415671.72026200.067410.0135225.015662.2
September 25, 201415757.6280625.07168.011360.015662.2
October 30, 201415836.7521725.0204.0260.015662.2

SBIN INTRADAY VIEW ( 22 / 08 )

INTRADAYPROBABLE HIGHPROBABLE LOW
R42541BULL25112372
R32509.9UP BREAKOUT24762407
R22498.6UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12491.2SELL24622416
PIVOT2451.5 5 DAY HIGH2476.9
S12444BUY5 DAY LOW2350.1
S22436.6DOWN CAUTIONAVG VOLUME1846689
S32425.3DOWN BREAK OUTLAST DAYStrong Bull
S42394.4BEARHIGH2476.9
TRADING POSTIONBULLLOW2410.1

MCDOWELL - N INTRADAY VIEW ( 22 / 08 )

INTRADAYPROBABLE HIGHPROBABLE LOW
R42482.3BULL25062357
R32448.1UP BREAKOUT24692395
R22435.7UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12427.5SELL24552388
PIVOT2412.9 5 DAY HIGH2470
S12376.8BUY5 DAY LOW2280.1
S22368.6DOWN CAUTIONAVG VOLUME743121
S32356.3DOWN BREAK OUTLAST DAYBull
S42322.2BEARHIGH2437.55
TRADING POSTIONSLIGHT BEARLOW2381

ICICI BANK INTRADAY VIEW ( 22 / 08 )

INTRADAYPROBABLE HIGHPROBABLE LOW
R41579.6BULL15931494
R31565.3UP BREAKOUT15681519
R21560.1UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11556.7SELL15581530
PIVOT1547.1 5 DAY HIGH1563.8
S11533.3BUY5 DAY LOW1458.2
S21529.9DOWN CAUTIONAVG VOLUME2854998
S31524.7DOWN BREAK OUTLAST DAYBull
S41510.4BEARHIGH1563.8
TRADING POSTIONSLIGHT BEARLOW1532.55

OPEN INTEREST

The index opened flat, but saw buying interest to move towards the highs of the day at 7820, but profit booking from higher levels pushed Nifty to the lows of the day around 7856. Some buying interest at lower levels saw the index close at 7891.10, a small gain of 15.80 points. The broader market was also positive, with 835 advances to 698 declines. Range still at 7700-8000. 

  • Call option 7900-8200 added huge 13.30 lacs OI with short covering seen at 7800 and lower strike prices.
  • Put option 8000-7800 added huge 11.35 lacs OI with profit booking seen at 7700 and lower strike prices.
  • Nifty Open Interest is at 1,46,83,750 down by 3,85,750, whereas Sep Series added 3.13 lacs with small increase in price, mostly rollover with short covering.
  • Bank Nifty Open Interest is at 20,26,200 up by 1,50,175, whereas Sep Series added 0.77 lacs with huge increase in price, mostly long addition in both series.
  • FII’s sold 2.00 lacs Futures, which includes 958 contracts long liquidation and 3050 contracts short addition, with increase in net OI by 2092 contracts (includes 40201 longs to 44209 shorts for the day) and the average price per contract comes to around 7895.80.
  • Initial and super support at 7800, with huge OI of 73.20 lacs, whereas best support is at 7700 with huge OI of 76.05 lacs.
  • Initial resistance still at 7900, with huge OI of 55.89 lacs, whereas best resistance at 8000 with highest OI of 92.29 lacs.

India VIX : 13.73 up by 0.07 points
Call OI : 38456400
Put OI : 49890150
PCR OI : 1.297
SMR : 10.58 (Bullish: The Index for the third day in a row went above 7900 but closed just below it, with huge tussle going on around 7900 level, a gap-up may seal it for the Bulls or else range bound volatile moves will be order of the day...) 



SOURCES : KANAK ( EMAIL )

STOCK ALERT ( 21 / 08 )

Zee Entertainment, United Spirits in focus on Nifty rejig
Zee Entertainment Enterprises will replace United Spirits in the 50-share CNX Nifty index from 19 September 2014.
Reliance Industries (RIL) annnounced that the Shale Gas industry, in North America has grown exponentially in the past 5 years. As a result Ethane has become the dominant feedstock for crackers replacing liquids. Reliance's investments in Shale Gas and its existing crackers portfolio in India are a natural fit for sourcing Ethane from North America and shipping it to India to attain long term feedstock competitiveness.
RIL is implementing a project to source 1.5 MMTPA of Ethane from US to feed its crackers in India. RIL has now executed storage and capacity agreements for liquefaction and export of ethane with a North American Terminal, which is expected to commence operations in the second half of 2016, the company said in a statement.
For the purpose of transporting liquefied ethane to India in a safe and cost efficient manner, RIL has ordered six state-of-the-art Very Large Ethane Carriers (VLECs) which will be the largest vessels ever built in the world. The ships are expected to be delivered starting last quarter of 2016 in synchronisation with the readiness of terminal in North America.
RIL is also building a world-scale receiving and storage facility in India for liquefied ethane and pipeline to deliver ethane to the company's crackers. RIL will be upgrading its crackers to maximize cracking of Ethane, have maximum operational flexibility and capability to optimize feed stocks with complete control of supply chain. The project will significantly improve the long term competitiveness of the company's cracker portfolio through dedicated feedstock, enhanced margins, higher capacity and end to end integration, RIL said in a statement.
Bharat Forge turns ex-dividend today, 21 August 2014, for final dividend of Rs 2.50 per share for the year ended 31 March 2014.
Bharti Airtel turns ex-dividend today, 21 August 2014, for total dividend of Rs 3.43 per share. Bharti Airtel had on 13 August 2014 declared an interim dividend of Rs 1.63 per share for the year ending 31 March 2015. Bharti Airtel had on 29 April 2014 declared dividend of Rs 1.80 per share for the year ended 31 March 2014
Dishman Pharmaceuticals and Chemicals turns ex-dividend today, 21 August 2014, for final dividend of Rs 1.20 per share for the year ended 31 March 2014.
Exide Industries turns ex-dividend today, 21 August 2014, for interim dividend of Rs 1.50 per share for the year ending 31 March 2015.
GNFC turns ex-dividend today, 21 August 2014, for dividend of Rs 3.50 per share for the year ended 31 March 2014.
Jubilant Life Sciences turns ex-dividend today, 21 August 2014, for dividend of Rs 3 per share for the year ended 31 March 2014.
MOIL turns ex-dividend today, 21 August 2014, for final dividend of Rs 3.50 per share for the year ended 31 March 2014.
Muthoot Finance turns ex-dividend today, 21 August 2014, for dividend of Rs 4.50 per share for the year ended 31 March 2014.
Neelamalai Agro Industries turns ex-dividend today, 21 August 2014, for dividend of Rs 40 per share for the year ended 31 March 2014.
Oberoi Realty turns ex-dividend today, 21 August 2014, for dividend of Rs 2 per share for the year ended 31 March 2014.
Tide Water Oil (India) turns ex-dividend today, 21 August 2014, for final dividend of Rs 200 per share for the year ended 31 March 2014
Aries Agro said that the company has commissioned on Wednesday, 20 August 2014 its first captive solar power generation unit with a capacity of 100 KW at its second largest manufacturing facility in Hyderabad. Set up at a project cost of Rs 80.51 lakh, this solar power generation will streamline the availability of power for manufacturing operations. The project was considered essential to reduce the dependence on fossil fuels and erratic grid power supply in the State of Telangana and is expected to also result in an appreciable savings in power and fuel expenses, Aries Agro said.
Jindal Saw after market hours on Wednesday, 20 August 2014 announced the acquisition of assets in US by its overseas step down subsidiary through bankruptcy proceedings. The company said that Jindal Tubular USA LLC, an entity incorporated in Delaware, USA and a step down subsidiary of the company (it is wholly owned by S.V Trading, Navis which in turn is a wholly owned subsidiary of the company), had entered into an asset purchase agreement on 16 June 2014 with PSL-North America LLC for the acquisition of identified assets and liabilities of PSL-North America LLC.
The acquisition was subject to the outcome of a voluntary petition for relief filed by PSL-North America LLC under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware including counter bids made by various other bidders and possible objections raised by lenders and creditors of PSL-North America LLC.
The United States Bankruptcy Court for the District of Delaware has passed an order on 15 August 2014 authorizing and approving the sale of substantially all of PSL- North America LLC's assets to Jindal Tubular USA LLC in accordance with the terms of the asset purchase agreement, free and clear of all liens, claims, encumbrances and other interests; approving the assumption and assignment of contracts; approving entering into ancillary agreements; and granting related relief. The acquisition is now expected to be completed on or prior to 31 August 2014, Jindal Saw said.
Huhtamaki PPL said that the company has allotted 1 crore equity shares at a price of Rs 134.08 per share aggregating to Rs 134.41 crore to Huhtavefa B. V., as approved by the shareholders of the company at extra-ordinary general meeting (EGM) of the company held on 6 August 2014.
Claris Lifesciences announced that it received the MHRA approval for its newly commissioned plant (plant 2). This will help in enhancing capacities to grow in the regulated markets, especially the European Union. The company's specialty injectables business saw a growth of 30% in the last quarter.
As on 30 June 2014, the company had approvals of 13 ANDAs in US, 14 molecules in the Europe and 11 molecules in other regulated markets (ORM), additionally, there are 28 ANDAs in the US, 8 molecules in Europe and 10 molecules in ORM, which are filed and awaiting approval. The company is currently functioning at high capacity utilization and is adding capacities in plant 2 to service future demands. To sustainably grow, attaining the required regulatory approvals is one of the key growth drivers; and the company has a large pipeline of products; which includes the under approval and the products currently under development, the company said in a statement.
The company's flagship plant (plant 1) is already approved by MHRA-UK. This is the first regulatory inspection and compliance approval conducted by MHRA-UK in line with the EU GMP regulations for Plant 2, this approval is for Terminally Sterilized products presented in glass ampoules manufactured in Line 1 of the plant 2.
The company has plans to install another line in this new plant (plant 2) which will be ready for commercial production by the end of this year. The existing line has capabilities to manufacture Aseptic Sterilized products as well, and the new line will have the capability to manufacture Lyophilized Products, Claris Lifesciences added.