Monday, April 27, 2015

NIFTY INTRADAY VIEW ( 28 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48354BULL84608074
R38294UP BREAKOUT83838151
R28273UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18258SELL84188279
PIVOT8250 LAST DAYVERY STRONG BEAR
S18169BUYOPEN8331
S28155DOWN CAUTIONHIGH8334.0
S38133DOWN BREAK OUTLOW8202.0
S48073BEARCLOSE8213.8
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.61%
R26082LONGNIFTY WEEKLY VOLATALITY3.69%
R15976SHORT EXITNIFTY WEEKLY HIGH8505.0
S15765LONG EXITNIFTY WEEKLY LOW8202.0
S25659SHORTNIFTY DAY MEAN8353.5

BANKNIFTY INTRADAY VIEW ( 28 / 04)

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R418123BULL 1836117471
R317970UP BREAKOUT 1818317649
R217914UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R117878SELL 1826717933
PIVOT17861  LAST DAYVERY STRONG BEAR
S117658BUY OPEN18064
S217621DOWN CAUTION HIGH18076.0
S317566DOWN BREAK OUT LOW17739.0
S417413BEAR CLOSE17767.6

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.9%
 BANKNIFTY WEEKLY VOLATALITY3.92%
 BANKNIFTY WEEKLY HIGH18434.0
 BANKNIFTY WEEKLY LOW17739.0
 BANKNIFTY DAY MEAN18086.5

Sunday, April 26, 2015

NIFTY INTRADAY VIEW ( 27 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48454BULL84778229
R38390UP BREAKOUT84278278
R28367UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18352SELL84568307
PIVOT8331 LAST DAYSTRONG BEAR
S18259BUYOPEN8406
S28243DOWN CAUTIONHIGH8413.0
S38220DOWN BREAK OUTLOW8273.0
S48157BEARCLOSE8305.25
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.69%
R26082LONGNIFTY WEEKLY VOLATALITY4.19%
R15976SHORT EXITNIFTY WEEKLY HIGH8620.0
S15765LONG EXITNIFTY WEEKLY LOW8273.0
S25659SHORTNIFTY DAY MEAN8446.5

BANK NIFTY INTRADAY VIEW ( 27 / 04 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R418396BULL 1834917886
R318225UP BREAKOUT 1825617979
R218163UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R118123SELL 1834117953
PIVOT18070  LAST DAYSTRONG BEAR
S117881BUY OPEN18291
S217841DOWN CAUTION HIGH18291.0
S317779DOWN BREAK OUT LOW17917.0
S417609BEAR CLOSE18001.9

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY2.09%
 BANKNIFTY WEEKLY VOLATALITY3.94%
 BANKNIFTY WEEKLY HIGH18500.0
 BANKNIFTY WEEKLY LOW17799.0
 BANKNIFTY DAY MEAN18149.5

THE WEEK AHEAD

Next batch of Q4 results, FOMC meeting in focus
The next batch of Q4 March 2015 corporate results and key global central bank meetings will dictate trend on the bourses next week. Indian stocks may remain volatile as traders roll over positions in the futures & options segment from the near month April 2015 series to May 2015 series. The near month April 2015 F&O contracts expire on Thursday, 30 April 2015.
Next week is a truncated trading week as India's financial markets are closed on Friday, 1 May 2015, on account of Maharashtra Day.
A number of prominent companies are scheduled to announce their results for the quarter ended 31 March 2015 next week. On Monday, 27 April 2015, shares of UltraTech Cement will react to the company's Q4 results which are scheduled to be announced on Saturday, 25 April 2015. Car major Maruti Suzuki India announces Q4 results on Monday, 27 April 2015. On the same day, ICICI Bank is scheduled to announce its Q4 results.
Bharti Airtel and Idea Cellular are scheduled to announce Q4 results on Tuesday, 28 April 2015. Sesa Sterlite, Axis Bank and housing fiancé major HDFC are scheduled to announce their Q4 results on Wednesday, 29 April 2015. On the same day, Ambuja Cements will announce its Q1 March 2015 results. IDFC will announce its Q4 results on Thursday, 30 April 2015. Grasim Industries is scheduled to announce its Q4 results on Saturday, 2 May 2015.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as fuel price review is due at the end of the month. PSU OMCs undertake a review of fuel prices twice every month based on the average imported oil price in the preceding fortnight. The review takes place during the middle of the month and on the last day of the month based on the average imported oil price in the preceding fortnight.
Shares of automobile companies will be in focus as companies start announcing monthly sales volume data for April 2015 from 1 May 2015.
Kotak Mahindra Bank will be in focus as shares allotted by the bank to the shareholders of ING Vysya Bank due to the merger of ING Vysya Bank with Kotak Mahindra Bank will be admitted for trading on the bourses on Monday, 27 April 2015. It may be recalled that Kotak Mahindra Bank had allotted 725 shares of the bank for every 1,000 equity shares of ING Vysya Bank as per swap ratio for the merger. A total of 13.92 crore shares which were allotted to the shareholders of ING Vysya Bank will be admitted for trading on the bourses from 27 April 2015. Out of this, a total of 5.89 crore shares are under lock-in period, with 4.76 crore shares under lock-in period until 20 April 2016 and 1.13 crore shares under lock-in period until 2 July 2016.
Among major global market events, a two-day meeting of the Federal Open Market Committee (FOMC) to review US monetary policy is scheduled on 28-29 April 2015. Investors are keenly awaiting indication on the timing of the first increase in US interest rates in nearly a decade.
In Japan, Monetary Policy Meeting of Bank of Japan (BOJ) is scheduled on Thursday, 30 April 2015. Although further easing steps are unlikely to be taken by the BOJ at the meeting, investors will closely monitor whether there is a downward revision to the central bank's inflation outlook, a factor that could point to more action down the line.

THE WEEK THAT WAS

Market slips in broad-based selling
Indian equity markets tumbled during the week ended Friday, 24 April 2015, on selling by foreign portfolio investors (FPIs). The issue of payment of minimum alternate tax (MAT) by FPIs continued to weigh on investor sentiment even as the finance ministry clarified that MAT would not be applicable to the entities based in countries having double taxation avoidance pacts with India. Forecast of below normal rainfall this year from India's weather office also dampened market mood. The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 mark. The Sensex declined in four out of five trading sessions in the week ended Friday, 24 April 2015.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 13978.80 crore from secondary equity market during three trading sessions between 20 April 2015 and 22 April 2015. There was a massive net inflow of Rs 16268.61 crore on 21 April 2015, which reflects the purchases of shares by FPIs of a single company viz. Sun Pharmaceutical Industries.
The S&P BSE Sensex slumped 1,004.16 points or 3.53% to settle at 27,437.94. The 50-unit CNX Nifty declined 300.75 points or 3.49% to settle at 8,305.25.
Broader market depicted weakness. The BSE Mid-Cap index fell 336.13 points or 3.12% to settle at 10,435.64. The decline in the index was lower than Sensex's decline in percentage terms. The BSE Small-Cap index slumped 613.61 points or 5.27% to settle at 11,008.62. The decline in the index was higher than Sensex's decline in percentage terms.
The government reportedly clarified on 22 April 2015 that such MAT would not be applicable to the entities based in countries having double taxation avoidance agreement (DTAA) with India, while others can approach the courts for reprieve. The assurances came during meetings and conference calls the foreign portfolio investors with Minister of State for Finance Jayant Sinha, Revenue Secretary Shaktikanta Das, Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur, among others, reports suggested. While this will provide relief to inflows coming from Mauritius and Singapore which have already signed DTAA with India, FPI inflows from US and UK may not get MAT reprieve. According to reports, substantial FPI inflows come from US and UK.
Many foreign investors have received notices requesting their MAT calculations for financial year 2011-2012 and earlier years, according to reports. In the Union Budget 2015-16 presented in parliament on 28 February 2015, Finance Minister Arun Jaitley had announced that capital gains on sale of shares by foreign institutional investors (FIIs) will not be subject to the provisions of the minimum alternate tax (MAT) from 1 April 2015.
Index heavyweights led losses as key benchmark indices slumped on the first trading session of the week on Monday, 20 April 2015, amid fresh fears over the impact of retrospective taxation for foreign institutional investors (FIIs). The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 mark. The S&P BSE Sensex shed 555.89 points or 1.95% to settle at 27,886.21, its lowest closing level since 27 March 2015.
Data showing massive selling by foreign institutional investors (FIIs) during the previous trading session hurt sentiment as key benchmark indices edged lower in volatile trade on Tuesday, 21 April 2015. The S&P BSE Sensex declined 210.17 points or 0.75% to settle at 27,676.04, its lowest closing level since 27 March 2015.
Key benchmark indices edged higher after seeing intense volatility during the second half of the trading session on Wednesday, 22 April 2015. The S&P BSE Sensex rose 214.09 points or 0.77% to settle at 27,890.13, its highest closing level since 17 April 2015.
Key benchmark indices edged lower after seeing intraday volatility on Thursday, 23 April 2015. The barometer index, the S&P BSE Sensex, failed to retain the psychological 28,000 mark after moving past that level after registering decent gains earlier during the trading session. The S&P BSE Sensex shed 155.11 points or 0.56% to settle at 27,735.02, its lowest closing level since 21 April 2015.
Index heavyweight and IT major Infosys led losses for key benchmark indices on Friday, 24 April 2015. The S&P BSE Sensex fell 297.08 points or 1.07% to settle at 27,437.94, its lowest closing level since 14 January 2015.
Bharti Airtel (down 1.67% at Rs 399.25), Coal India (down 1.29% at Rs 376.15), GAIL (India) (down 5.04% at Rs 369.10), HDFC (down 4.43% at Rs 1,244.75), Hindalco Industries (down 6.11% at Rs 131.25), Hindustan Unilever (down 5.01% at Rs 889.55), ITC (down 1.3% at Rs 347.15), NTPC (down 4.96% at Rs 150.15), ONGC (down 4.27% at Rs 315.80), Sesa Sterlite (down 2.63% at Rs 205.05) and Tata Power (down 2.98% at Rs 77.95) edged lower from the Sensex pack.
Tata Steel jumped 7.02% to settle at Rs 370.15.
IT stocks declined. Infosys declined 8.51% at Rs 1,996.25. Infosys' consolidated net profit fell 4.7% to Rs 3097 crore on 2.8% decline in revenue to Rs 13411 crore in Q4 March 2015 over Q3 December 2014. The result was announced during market hours on Friday, 24 April 2015. The result is as per International Financial Reporting Standards (IFRS).
Wipro tumbled 10.81% at Rs 523.10. On a consolidated basis, the company's net profit rose 2% to Rs 2270 crore on 4% growth in total revenue to Rs 12140 crore in Q4 March 2015 over Q4 March 2014. The result was announced after market hours on Tuesday, 21 April 2015. The results are as per International Financial Reporting Standards (IFRS).
TCS rose 0.83% at Rs 2,496.90. TCS after market hours on Wednesday, 22 April 2015 said that the company has partnered with Solace Systems, the leading provider of next generation messaging middleware solutions. This collaboration will enable customers to quickly and cost effectively implement big data, mobility and Internet of Things (IoT) initiatives, TCS said in a statement.
Auto stocks dropped. Bajaj Auto (down 3.33% at Rs 1,996.85), Hero MotoCorp (down 2.45% at Rs 2,351), Mahindra & Mahindra (down 4.39% at Rs 1,170.45), Maruti Suzuki India (down 2.23% at Rs 3,561) and Tata Motors (down 3.71% at Rs 515.30) edged lower.
Bank stocks edged lower. ICICI Bank (down 0.64% at Rs 308.10) and State Bank of India (down 5.29% at Rs 275.65) declined. Axis Bank (up 0.63% at Rs 537.55) edged higher.
The Reserve Bank of India (RBI) added medium enterprises, social infrastructure and renewable energy to the existing categories for priority sector lending while issuing revised guidelines for priority sector lending requirement by commercial banks. The RBI has done away with the distinction between direct and indirect agriculture in its revamped priority sector lending (PSL) norms issued on Thursday, 23 April 2015. A target of 8% of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher, has been prescribed for Small and Marginal Farmers within agriculture, to be achieved in a phased manner i.e., 7% by March 2016 and 8% by March 2017.
HDFC Bank declined 0.78% at Rs 1,010.95. HDFC Bank's net profit rose 20.64% to Rs 2806.91 crore on 21.73% rise in total income to Rs 15570.13 crore in Q4 March 2015 over Q4 March 2014. The company announced result during market hours on Thursday, 23 April 2015.
Pharma stocks declined. Cipla (down 6.24% at Rs 637.80) and Dr Reddy's Laboratories (down 4.52% at Rs 3,485.85) edged lower.
Sun Pharmaceutical Industries declined 8.62% at Rs 947.80. Japan's Daiichi Sankyo on 21 April 2015 announced that it has completed the sale of its entire stake in the Indian company. Daiichi Sankyo said that it has sold its entire holding of 21.49 crore shares of Sun Pharma. Daiichi Sankyo had on 20 April 2015, announced that its board had approved selling all or part of its stake in Sun Pharma. The existing business partnership with Sun Pharma will remain unchanged after the deal, it had said. Earlier, Daiichi had received shares of Sun Pharma in March this year following the merger of Ranbaxy Laboratories with Sun Pharma.
L&T fell 3.59% at Rs 1,679.60. L&T during market hours on Wednesday, 22 April 2015 said that its construction division has secured orders worth Rs 2674 crore across various business segments.
Reliance Industries (RIL) dropped 5.11% at Rs 879.40. RIL's consolidated net profit rose 8.5% to Rs 6381 crore on 33.3% drop in turnover to Rs 70863 crore in Q4 March 2015 over Q4 March 2014. RIL's net profit of Rs 6381 crore in Q4 March 2015 was a record quarterly net profit for RIL on consolidated basis. The result was announced after market hours on Friday, 17 April 2015.
Bharat Heavy Electricals (Bhel) fell 0.57% at Rs 233.50. Bhel during market hours on Monday, 20 April 2015, said that the company has successfully commissioned a 250 megawatts (MW) coal-based thermal power plant in Gujarat.
The India Meteorological Department (IMD) on Wednesday, 22 April 2015, said quantitatively the monsoon seasonal rainfall is likely to be 93% of the Long Period Average (LPA) during the June-September southwest monsoon season this year, with a model error of plus/minus 5%. Monsoon rainfall is considered below normal when the rainfall range is 90% to 96% of LPA. The probability for below normal rainfall is 35%, for deficient 33% and for normal 28%. The IMD will issue the update on monsoon forecasts in June 2015 as a part of the second stage forecast.
Data released by the government after trading hours on Friday, 17 April 2015, showed that India's merchandise exports (including re-exports) dipped 21.06% to $23951.16 million in March 2015 over March 2014. Imports fell 13.44% to $35744.68 million in March 2015 over March 2014.
In global markets, the People's Bank of China (PBOC) on Saturday, 19 April 2015, announced reduction in reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5% to be effective from 20 April 2015. Meanwhile, China Securities Regulatory Commission (CSRC) on Saturday, 18 April 2015, stressed that there was no desire to suppress the hot stock market after unveiling a raft of measures on Friday, 17 April 2015, to curb margin trading.
Bank of England officials voted unanimously to leave the UK central bank's main interest rate unchanged this month and concluded that the recent pickup in growth in the neighboring eurozone should help power the UK economy this year, according to the minutes of the Monetary Policy Committee's April meeting published on Wednesday, 22 April 2015.
Eurozone business activity growth pulled back from March's 11-month high, according to Markit flash PMI survey data for April. The slowdown reflected weaker rates of expansion in France and Germany, which offset an acceleration of growth in the rest of the region to the fastest since August 2007. The Markit Eurozone PMI fell from 54 in March to 53.5 in April, according to the flash estimate based on an expected 85% of usual monthly replies.

Thursday, April 23, 2015

NIFTY INTRADAY VIEW ( 24 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48551BULL85638240
R38485UP BREAKOUT84838321
R28462UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18446SELL84758333
PIVOT8422 LAST DAYBEAR
S18351BUYOPEN8478
S28335DOWN CAUTIONHIGH8505.0
S38311DOWN BREAK OUTLOW8362.0
S48246BEARCLOSE8398.3
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.71%
R26082LONGNIFTY WEEKLY VOLATALITY5.01%
R15976SHORT EXITNIFTY WEEKLY HIGH8700.0
S15765LONG EXITNIFTY WEEKLY LOW8285.0
S25659SHORTNIFTY DAY MEAN8492.5

BANK NIFTY INTRADAY VIEW ( 24 / 04 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R418556BULL 1838018017
R318423UP BREAKOUT 1828918108
R218375UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R118344SELL 1835317993
PIVOT18274  LAST DAYBEAR
S118148BUY OPEN18350
S218116DOWN CAUTION HIGH18434.0
S318068DOWN BREAK OUT LOW18144.0
S417936BEAR CLOSE18245.6

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.6%
 BANKNIFTY WEEKLY VOLATALITY4.65%
 BANKNIFTY WEEKLY HIGH18626.0
 BANKNIFTY WEEKLY LOW17799.0
 BANKNIFTY DAY MEAN18212.5

NIFTY INTRADAY VIEW ( 23 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48606BULL86648173
R38530UP BREAKOUT85418296
R28502UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18484SELL85138353
PIVOT8388 LAST DAYVERY STRONG BULL
S18375BUYOPEN8400
S28357DOWN CAUTIONHIGH8450.0
S38329DOWN BREAK OUTLOW8285.0
S48253BEARCLOSE8429.7
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.99%
R26082LONGNIFTY WEEKLY VOLATALITY5.73%
R15976SHORT EXITNIFTY WEEKLY HIGH8760.0
S15765LONG EXITNIFTY WEEKLY LOW8285.0
S25659SHORTNIFTY DAY MEAN8522.5

Wednesday, April 22, 2015

STOCK ALERT ( 22 / 04 )

Wipro may gain on good Q4 results
Wipro's consolidated net profit rose 2% to Rs 2270 crore on 4% growth in total revenue to Rs 12140 crore in Q4 March 2015 over Q4 March 2014. The result hit the market after market hours yesterday, 21 April 2015. The results are as per International Financial Reporting Standards (IFRS).
Wipro's IT Services segment revenue in rupee terms rose 6% to Rs 11240 crore in Q4 March 2015 over Q4 March 2014.
IT Services revenue rose 3.2% to $1.774 billion in Q4 March 2015 over Q4 March 2014. Non-GAAP constant currency IT Services revenue in dollar terms rose 1.2% to $1.817 billion, within the company's earlier guidance range of $1.814 billion to $1.850 billion.
Wipro expects its revenue from IT services business at between $1.765 billion to $1.793 billion in Q1 June 2015.
Commenting on the company's financial performance, Wipro's Chief Executive Officer and member of Wipro's board T K Kurien said that the company continues to execute on its strategy and have achieved improved customer satisfaction through better articulated solutions and improved delivery. The company is well-positioned to take advantage of the opportunities in the market, while tackling headwinds in certain areas, Kurien said. Wipro sees digital, open source and artificial intelligence as key levers for driving business change and reshaping the delivery model for the future, Kurien added.
Jatin Dalal, Chief Financial Officer of Wipro said that the company continues to maintain its focus on operational improvements and productiviy enhancements. This has resulted in margin expansion despite adverse cross-currency movements, Dalal said.
Meanwhile, Wipro yesterday, 21 April 2015 announced the appointment of Rishad Premji to its board of directors effective 1 May 2015. Rishad Premji joined Wipro in 2007 and has played a critical role in defining the company's strategy and driving its mergers and acquisitions function, Wipro said in a statement. Rishad will continue to run strategy and mergers & acquisitions in addition to his new responsibilities overseeing the Technology Office, Investor and Government Relations, and Wipro Ventures, the company said in a statement.
Yes Bank announces Q4 results today, 22 April 2015.
Kotak Mahindra Bank will be in focus. The Reserve Bank of India has yesterday, 21 April 2015, sanctioned the scheme of Amalgamation of ING Vysya Bank with Kotak Mahindra Bank Ltd. and made it effective from 1 April 2015. Pursuant to the Scheme of Amalgamation, Kotak Mahindra Bank has on 21 April2015 allotted the equity shares to the shareholders of the ING Vysya Bank. The Reserve Bank of India has stated that post allotment of the above shares, the aggregate foreign shareholding in Kotak Mahindra Bank has reached the threshold limit. Therefore no further purchase of shares of Kotak Mahindra Bank would be allowed through Stock Exchanges in India on behalf of Non-Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Institutional Investors (FII)/ Registered Foreign Portfolio Investor (RFPIs) and through Global Depository Receipt (GDR)/ American Depository Receipt (ADR)/Foreign Direct Investment (FDI).
Shares of fertilizer companies will be in focus. Minister of State for Chemicals and Fertilizers Hansraj Gangaram Ahir said in Lok Sabha yesterday, 21 April 2015 that New Urea Policy (NUP) – 2015 is under the consideration of the Government. There is no proposal to increase maximum retail price (MRP) of urea, Ahir said. The MRP of urea is statutorily fixed by the Government of India and at present it is Rs 5,360 per MT (exclusive of the central excise duty for domestically produced urea and countervailing duty for imported urea (which is 1% at present) and state VAT which differs from state to state). With respect to neem coated urea, it has been decided to restrict the extra 5% of MRP to be charged by the companies for future to the extent of 5% of the existing MRP of urea only i.e. Rs 5,360 per MT, Ahir said. There is no proposal of free supply of fertilizers to help dry land farmers to survive under various circumstances, the Minister said.
D B Realty will be in focus. With reference to the news captioned "DB realty to sign revenue sharing agreement with Man-infra Shangvi SPV, Man infra may invest 100 cr in SPV" D B Realty has after market hours yesterday, 21 April 2015, in its clarification has denied that DB Realty has signed any agreement with Man Infra and / or Dilip Sanghvi SPV. The news is speculative in nature, company said. D B Realty by itself and through its subsidiaries, associates and joint ventures is executing multiple projects and owns/ is developing several projects in the city of Mumbai and evaluates various proposals and opportunities on a continuous basis. Any discussion with any of the property consultants, Potential Partners/ Developers and Investors do not merit disclosures.
Gitanjali Gems announced that with a view to rationalize the existing group structure and create synergy of operations, Gitanjali group is presently undertaking consolidation exercise at group level for enabling restructuring of Group's business in a manner that will enable operating of it sourcing, manufacturing, distribution, exporting and retailing arms of the Group in the most beneficial manner by way of reduction in costs and improvement in cash flows. The resultant strategic business model which may help unlocking value in future.The company, in its meeting of Board of Directors held on 21 April 2015, approved the schemes of amalgamation of group companies namely, merger of Asmi Jewellery India and Spectrum Jewellery with Nakshatra Brands. All the three entities mentioned in the scheme are step down subsidiaries of the company.The board also approved the merger of Gitanjali Jewellery Retail and Gitanjali Lifestyle with GILI India. Gitanjali Jewellery Retail and Gitanjali Lifestyle are the wholly owned subsidiaries of the company, whereas Gili India Limited is the step down subsidiary of the company.
Persistent Systems' consolidated net profit rose 13.17% to Rs 76.05 crore on 13.49% rise in total income to Rs 515.78 crore in Q4 March 2015 over Q4 March 2014. The result was announced after market hours yesterday, 21 April 2015.
Freshtrop Fruits announced that the unseasonal rainfall has affected the grape export business of the company. The total exports of grapes for the season would be 30 to 35% less than last year but there is a significant improvement in the selling price. The unseasonal rainfall will have not any significant effect on the profit of the company for year ended31 March 2015 (FY 2015). The effect will be there in Q1 June 2015 but this could be mitigated by better price realization.

NIFTY INTRADAY VIEW ( 22 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48503BULL87668189
R38450UP BREAKOUT86218333
R28431UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18418SELL85968457
PIVOT8400 LAST DAYSTRONG BEAR LOW VOLATALITY
S18337BUYOPEN8416
S28325DOWN CAUTIONHIGH8469.0
S38306DOWN BREAK OUTLOW8353.0
S48252BEARCLOSE8377.75
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.39%
R26082LONGNIFTY WEEKLY VOLATALITY5.89%
R15976SHORT EXITNIFTY WEEKLY HIGH8845.0
S15765LONG EXITNIFTY WEEKLY LOW8353.0
S25659SHORTNIFTY DAY MEAN8599

Monday, April 20, 2015

NIFTY INTRADAY VIEW ( 21 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48655BULL88528189
R38565UP BREAKOUT87208322
R28532UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18511SELL86938555
PIVOT8497 LAST DAYSTRONG BEAR
S18386BUYOPEN8619
S28364DOWN CAUTIONHIGH8620.0
S38332DOWN BREAK OUTLOW8423.0
S48242BEARCLOSE8448.1
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY2.34%
R26082LONGNIFTY WEEKLY VOLATALITY5.01%
R15976SHORT EXITNIFTY WEEKLY HIGH8845.0
S15765LONG EXITNIFTY WEEKLY LOW8423.0
S25659SHORTNIFTY DAY MEAN8634

RISE IN MUTUAL FUND HOLDINGS

Following are the companies where Mutual Fund holding has risen in the March 2015 quarter over the December 2015 quarter

Company NameSectorMutual Fund % - 31-Mar-2015Mutual Fund % - 31-Dec-2014Var(%)
Accel FrontlineIT - Software2.120.51315.69
Siti CableEntertainment7.312.23227.80
Honda Siel PowerCapital Goods - Electrical Equipment0.980.7138.03
Swiss GlascoatCapital Goods-Non Electrical Equipment0.230.219.52
Thomas Cook (I)Miscellaneous1.231.156.96
Suzlon EnergyCapital Goods - Electrical Equipment1.361.313.82
KNR Construct.Construction20.7420.182.78
Himatsing. SeideTextiles14.8914.681.43

FALL IN MUTUAL FUND HOLDING


Following are the companies where Mutual Fund holding has fallen in the March 2015 quarter over the December 2014 quarter

Company NameSectorMutual Fund % - 31-Mar-2015Mutual Fund % - 31-Dec-2014Var(%)
IL&FS Engg.Infrastructure Developers & Operators0.110.22-50.00
Reliance CapitalFinance4.565.18-11.97
Praj Inds.Capital Goods-Non Electrical Equipment10.9612.07-9.20
Sintex Inds.Plastic products2.662.82-5.67
EMCOCapital Goods - Electrical Equipment4.784.96-3.63
D B CorpMedia - Print/Television/Radio8.028.08-0.74

Sunday, April 19, 2015

NIFTY INTRADAY VIEW ( 19 / 04 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48725BULL88418457
R38675UP BREAKOUT87648534
R28657UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18645SELL87688655
PIVOT8636 LAST DAYSTRONG BEAR LOW VOLATALITY
S18567BUYOPEN8698
S28555DOWN CAUTIONHIGH8700.0
S38537DOWN BREAK OUTLOW8597.0
S48487BEARCLOSE8606.0
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.2%
R26082LONGNIFTY WEEKLY VOLATALITY2.88%
R15976SHORT EXITNIFTY WEEKLY HIGH8845.0
S15765LONG EXITNIFTY WEEKLY LOW8597.0
S25659SHORTNIFTY DAY MEAN8721

BANK NIFTY FUTURE INTRADAY VIEW ( 19 / 04 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R418680BULL 1890318062
R318537UP BREAKOUT 1873518230
R218485UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R118450SELL 1879918481
PIVOT18435  LAST DAYVERY STRONG BEAR
S118241BUY OPEN18618
S218207DOWN CAUTION HIGH18626.0
S318155DOWN BREAK OUT LOW18322.0
S418012BEAR CLOSE18345.55

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.66%
 BANKNIFTY WEEKLY VOLATALITY3.91%
 BANKNIFTY WEEKLY HIGH19038.0
 BANKNIFTY WEEKLY LOW18322.0
 BANKNIFTY DAY MEAN18680