Thursday, July 24, 2014

NIFTY VIEW

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R47866BULL78567605
R37825UP BREAKOUT78067655
R27810UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R17800SELL77277658
PIVOT7742 LAST DAYSTRONG BULL LOW VOLATALITY
S17735BUYOPEN7708
S27726DOWN CAUTIONHIGH7774.0
S37711DOWN BREAK OUTLOW7705.0
S47670BEARCLOSE7767.85
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY0.9%
R26082LONGNIFTY WEEKLY VOLATALITY3.21%
R15976SHORT EXITNIFTY WEEKLY HIGH7774.0
S15765LONG EXITNIFTY WEEKLY LOW7532.0
S25659SHORTNIFTY DAY MEAN7653

Open Price7794.9
High Price7809.2
Low Price7752.9
Close Price7795.75
Absolute Change27.9
Percentage Change0.359%
Weekly Change2.25%
Monthly Change2.99%
Yearly Change30.5%
52-week high7809.2
52-week low5118.85

Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
July 31, 20147791.5516821500.098690.0246293.07795.75
August 28, 20147826.052464100.016539.027474.07795.75
September 25, 20147860.35514300.01547.02385.07795.75

IndicatorAnalysisSignal (0 - 10)Chart
RSIRSI is 65.5. According to RSI analysis, nifty is strong.7.0 
MACDMACD: 61.5 and Signal Line: 53.3. 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 7630.983, 7512.798, 6621.213.10.0 
Exponential Moving AverageAccording to exponential moving average analysis, nifty is in a strong uptrend. Major support levels are 7627.45, 7453.69, 6767.118.10.0 
Bollinger Bands%b is 0.895. According to bollinger bands, nifty is technically strong.7.0 
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 7283.377 and 7120.95. Resistance level is 7809.2.6.5 
Average True RangeATR: 94.6NA 
Average Directional IndexADX is 30.7 which means NIFTY is in a trend.NA 



Wednesday, July 23, 2014

SBIN VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R42602BULL25882470
R32576.4UP BREAKOUT25592500
R22567UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12560.9SELL25682511
PIVOT2543.4 5 DAY HIGH2622.9
S12519.9BUY5 DAY LOW2503.45
S22513.8DOWN CAUTIONAVG VOLUME1376649
S32504.5DOWN BREAK OUTLAST DAYBear
S42478.9BEARHIGH2572.95
TRADING POSTIONSLIGHT BEARLOW2517

LARSEN & TOUBRO VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R41707.4BULL16841636
R31684.5UP BREAKOUT16721648
R21676.2UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11670.7SELL16871650
PIVOT1657.4 5 DAY HIGH1698.8
S11636.5BUY5 DAY LOW1634.3
S21631DOWN CAUTIONAVG VOLUME1125390
S31622.7DOWN BREAK OUTLAST DAYStrong bear
S41599.9BEARHIGH1677
TRADING POSTIONSLIGHT BEARLOW1650.25

ICICI BANK VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R41538.7BULL15261455
R31525.2UP BREAKOUT15081473
R21520.3UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11517.1SELL15001478
PIVOT1500.6 5 DAY HIGH1512.4
S11494.9BUY5 DAY LOW1435
S21491.7DOWN CAUTIONAVG VOLUME2859126
S31486.9DOWN BREAK OUTLAST DAYBull
S41473.4BEARHIGH1512.4
TRADING POSTIONSLIGHT BULLLOW1491.2

MCDOWELL - N VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R42438.1BULL24072379
R32419.3UP BREAKOUT24002386
R22412.5UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12408SELL24182380
PIVOT2396.3 5 DAY HIGH2419.9
S12375.9BUY5 DAY LOW2373.35
S22371.5DOWN CAUTIONAVG VOLUME354091
S32364.7DOWN BREAK OUTLAST DAYBear
S42346BEARHIGH2419
TRADING POSTIONSLIGHT BEARLOW2378

BANK NIFTY VIEW

BANKNIFTY INTRADAY LEVELBANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R415611BULL1553515267
R315535UP BREAKOUT1546815334
R215507UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R115489SELL1549715250
PIVOT15402LAST DAYCONFUSION TREND
S115366BUYOPEN15440
S215348DOWN CAUTIONHIGH15473.0
S315320DOWN BREAK OUTLOW15306.0
S415244BEARCLOSE15427.35

BANKNIFTY


The Banking Sector Index

BANKNIFTY DAILY VOLATALITY1.09%
BANKNIFTY WEEKLY VOLATALITY3.66%
BANKNIFTY WEEKLY HIGH15555.0
BANKNIFTY WEEKLY LOW15006.0
BANKNIFTY DAY MEAN15280.5



Open Price15513.45
High Price15626.9
Low Price15398.7
Close Price15463.0
Absolute Change35.65
Percentage Change0.231%
Weekly Change1.29%
Monthly Change1.48%
Yearly Change40.9%
52-week high15742.05
52-week low8366.75

Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
July 31, 201415494.62056400.064815.0122157.015463.0
August 28, 201415592.35222025.04401.07201.015463.0
September 25, 201415679.716225.0202.0267.015463.0
 
IndicatorAnalysisSignal (0 - 10)
RSIRSI is 58.9. According to RSI analysis, banknifty is strong.7.0 
MACDMACD: 85.3 and Signal Line: 48.5. According to MACD analysis, banknifty is technically strong.8.0 
Simple Moving Average20-day simple moving average just got below it's 50-day simple moving average which is a negative signal. According to simple moving average analysis, banknifty is in a uptrend. Support level is at 1.52e+04.5.0 
Exponential Moving AverageAccording to exponential moving average analysis, banknifty is in a strong uptrend. Major support levels are 15180.43, 14826.99, 12995.34.10.0 
Bollinger Bands%b is 0.741. According to bollinger bands, banknifty has moved strongly towards upper band, which is a positive signal.9.0 
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 14230.285 and 13763.3. Resistance level is 15742.05.6.5 
Average True RangeATR: 299NA 
Average Directional IndexADX is 24.1 which means BANKNIFTY is in a trading range and there is no trend.NA 

OPEN INTEREST

The index opened positive, and went on make new all time high within the first few minutes, but saw profit booking which dragged the index to touch the previous days close level. Nifty after staying in a narrow range closed strong at all time high just below 7800 at 7795.75, gain of 27.90 points. The broader market though was highly negative, with 581 advances to 956 declines. Broader range for the series is at 7600-7900. 

  • Call option 7800-7800 added 6.26 lacs huge amount of OI with short covering seen at 7700 and below strike prices.
  • Put option 7900-7700 added 23.24 lacs huge amount of OI with profit booking seen at 7500 and below strike prices.
  • Nifty Open Interest is at 1,68,21,500 up by 4,22,850, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 20,56,400 down by 22,825, with increase in price, most probably short covering.
  • FII’s bought 0.66 lacs Futures, which includes 11407 long build-up and 10077 short build-up, with increase in net OI by 1330 contracts (includes 58046 longs to 56716 shorts for the day) and the average price per contract comes to around 7785.17.
  • FII’s Index future open contract as on date is 231369 Longs to 156701 Shorts.
  • Initial and best support now at 7700, with huge OI of 69.87 lacs and below that at 7600 with huge OI of 60.27 lacs.
  • Initial resistance still at 7800, with OI of 46.86 lacs and above that at 7900 with OI of 54.42 lacs.

India VIX : 14.69 up by 0.05 points
Call OI : 42156850
Put OI : 46780250
PCR OI : 1.110
SMR : 13.24 (Bullish: The 7700PE writers in just 2 days have made sure that the level will be secured till expiry, with the CE writers not much active at 7800, with major resistance shifting to 7900...) 


SOURCES : KANAK ( EMAIL )

MARKET OUTLOOK ( 23 / 07 )

  NIFTY EVEN AFTER SIX CONSECUTIVE DAYS OF RISE STILL LOOKS HIGHLY BULLISH TO MAKE A NEW LIFE TIME HIGH ABOVE 8TH JULY HIGH OF 7811. FOR INTRADAY TRADING ON THURSDAY, AS LONG AS NIFTY SPOT SUSTAINS ABOVE 7750 LEVELS THERE IS NO FEAR FOR BULLS. HOWEVER A BREACH OF 7750 SPOT TO CLOSE A 15 MINUTE CANDLE BELOW IT MAY BE THE FIRST SIGN TO BOOK PROFIT ON INTRA LONGS & TRADE SHORT. A FURTHER FALL TO BREACH THE CRITICAL SPOT NIFTY ZONE  OF 7744 TO 7733 WILL CONFIRM WEAKNESS AFTER 6 CONSECUTIVE DAYS OF RISE.

ON THE HIGHER SIDE SPOT NIFTY HAS TO MOVE UP &  NOT ONLY BREACH BUT HAS TO SUSTAIN ABOVE 7797 TO 7808 LEVELS IN ORDER TO TRIGGER THE LAST & FINAL BOUT OF SHORT COVERING . A FAILURE TO BREACH & SUSTAIN ABOVE 7797 TO 7808 SPOT ZONE MAY BE THE GO AHEAD SIGNAL TO TRADE SHORT WITH A STOP LOSS ABOVE THIS ZONE TO REVERSE FOR LONGS AGAIN.. MARKET STILL LOOKS EXTREMELY BULLISH TO BUY THE INTRADAY DECLINES AS LONG AS NIFTY SPOT SUSTAINS ABOVE 7750.

STOCK ALERT ( 23 / 07 )

Axis Bank in focus after Q1 earnings
Axis Bank after market hours on Tuesday, 22 July 2014 reported 18.29% rise in net profit to Rs 1666.76 crore on 10.17% growth in total income to Rs 9980.47 crore in Q1 June 2014 over Q1 June 2013.
Axis Bank's gross non-performing assets (NPAs) were at 1.34% of gross advances as on 30 June 2014, higher than 1.22% as on 31 March 2014 and 1.1% as on 30 June 2013. Net NPAs were 0.44% of net advances as on 30 June 2014, higher than 0.4% as on 31 March 2014 and 0.35% as on 30 June 2013.
Tata Power after trading hours on Tuesday, 22 July 2014, said that the Appellate Tribunal for Electricity (APTEL) in its interim order has directed procurer states to make electricity payments raised during and after March 2014 by Mundra ultra mega power project (UMPP) as per the compensatory tariffs directed by the Central Electricity Regulatory Commission (CERC) in February this year. Coastal Gujarat Power (CGPL) which operates the 4,000 megawatts (MW) Mundra project has to keep an account of the amount received from procurers as compensatory tariff until further notice. The next hearing of the matter is scheduled on 19 August 2014. CGPL is a subsidiary of Tata Power.
Tata Power said that CGPL has been delivering the full potential of Mundra across beneficiary states despite incurring losses. The company said that the indicative compensatory tariff of about Rs 2.80 per unit is much lower and very competitive compared to the average purchase price in all five states and is also substantially lower than the current market rate for providing replacement power at a cost upwards of Rs 4.10 per unit, which could leave all five states prone to load shedding. If Mundra UMPP were to be rendered unviable, the cost of purchasing replacement power would mean higher tariffs by at least Rs 1 per unit for all five states, Tata Power said.
TCS on Tuesday, 22 July 2014 announced a new partnership with MapR Technologies, Inc., provider of the top-ranked distribution for Apache Hadoop, to help enterprise customers easily and rapidly capture critical big data insights. The partnership's new big data offerings will shift the IT cost curve and allow companies to strategically reimagine their business models, TCS said. The announcement was made after market hours on Tuesday, 22 July 2014.
Bank of Baroda will be in focus after the Reserve Bank of India (RBI) on Tuesday, 22 July 2014, notified that the aggregate share holdings by foreign institutional investors (FIIs)/ registered foreign portfolios investors (RFPIs)/ non resident indian (NRI)/ persons of Indian origin (PIO) under portfolio investment scheme in Bank of Baroda have gone below the prescribed threshold caution limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of Bank of Baroda can now be purchased through primary market and stock exchanges.
ING Vysya Bank after market hours on Tuesday, 22 July 2014 reported 18.11% fall in net profit to Rs 143.40 crore on 4.77% rise in total income to Rs 1627.28 crore in Q1 June 2014 over Q1 June 2013.
ING Vysya Bank's board of directors at its meeting held on Tuesday, 22 July 2014, proposed to seek approval of the shareholders of the bank through postal ballot to borrow such amount that the total amount of borrowings of the bank outstanding at any time shall not exceed Rs 20000 crore not withstanding that the money to be borrowed together with the moneys already borrowed by the bank (apart from temporary loans obtained from the bank's bankers in the ordinary course of business), will exceed the aggregate of the paid-up capital of the bank and its free reserves as against the existing authorization to borrow upto four times of the aggregate of the paid-up capital and free reserves. The bank also proposes to augment its capital either through a Tier I and/or Tier II debt issuance (which qualifies under Basel III requirement) or a combination of both in India rupees or equivalent foreign currency not exceeding Rs 700 crore through private placement of securities.
Max India's board of directors at its meeting held on Tuesday, 22 July 2014, accorded approval to achieve parity in shareholding in Max Healthcare Institute between the company and its JV partner, viz., Life Healthcare Group (Proprietary), a company incorporated and existing under the laws of South Africa (Life Healthcare) through a series of actions viz. divestment not exceeding 13.3% of existing equity stake held by the company in Max Healthcare, at Rs 67.50 per equity share, for an aggregate consideration of upto Rs 383 crore in favour of Life Healthcare and issuance of equity shares by Max Healthcare at Rs 67.50 per equity share to Life Healthcare on a preferential basis, for an aggregate consideration upto Rs 397 crore.
This transaction translates to an equity value of Rs 2884 crore for Max Healthcare based on the valuation of shares for the contemplated transaction.
IL&FS Transportation Networks (ITNL)'s board of directors at its meeting held on Tuesday, 22 July 2014, approved the further issue of equity shares of the company for an amount not exceeding Rs 1000 crore by way of qualified institutional placements/convertible bonds, etc. The timing, pricing and exact quantum of equity shares to be issued are to be decided by the Committee of the board of directors, mandated for the purpose, ITNL said.
The above are subject to the approval of the shareholders of the company and all the requisite approvals as may be required from regulatory authorities and in accordance with the provisions of the applicable law, ITNL added.
Tide Water Oil Company (India) after market hours on Tuesday, 22 July 2014 announced signing an agreement with JX Nippon Oil & Energy Corporoation, Japan, to form a joint venture (JV) company in India – JX Nippon TWO Lubricants India. Both Tider Water Oil and JX Nippon Oil have a 50:50 stake in the new JV entity. The JV will be responsible for selling, marketing, distributing and manufacturing the “ENEOS” brand of lubricants in India, Nepal, Bangladesh and Bhutan apart from catering to the Genuine Oil requirements of, mainly, the Japanese and Korean original equipment manufacturers in the automotive and industrial segments.
Suzlon Energy after market hours on Tuesday, 22 July 2014 said that the Securities Issue Committee of the board of directors of the company, at its meeting held on 22 July 2014, approved the allotment of 7.16 crore equity shares of Rs 2 each at an issue price of Rs 18.51 per share to the CDR lenders as per CDR package on preferential allotment basis. The said 7.16 crore equity shares of Rs 2 each shall be locked in for a period of one year from the date of allotment in terms of the ICDR Regulations.
City Union Bank before market hours today, 23 July 2014 said that in respect of the QIP, the QIP Management Committee of the board of directors of the bank has, at its meeting held on Tuesday, 22 July 2014, approved the issue and allotment of 4.66 crore equity shares to eligible qualified institutional buyers at the issue price of Rs 75.05 per equity share, aggregating to approximately Rs 350 crore.
Info Edge (India) after market hours on Tuesday, 22 July 2014 in a clarification to the exchange with regard to news item titled "General Atlantic in talks to buy stakes in India's Just Dial, Info Edge" said that the news item is speculative in nature and factually incorrect. No such stake has been acquired through the company, nor it is aware of any information as to General Atlantic having acquired any shares in the open market, Info Edge (India) said.
Shilpi Cable Technologies after market hours on Tuesday, 22 July 2014 said that its board of directors will meet on 2 August 2014, to consider bonus issue of equity shares to the exiting shareholders.
JMT Auto after market hours on Tuesday, 22 July 2014 said that its board has fixed 31 July 2014 as the record date for 5:2 bonus issue.
Abbott India turns ex-dividend today, 23 July 2014, for final dividend of Rs 23 per share for the year ended 31 March 2014 (FY 2014).
Britannia Industries turns ex-dividend today, 23 July 2014, for dividend of Rs 12 per share for the year ended 31 March 2014 (FY 2014).
EIH turns ex-dividend today, 23 July 2014, for dividend of Rs 1.10 per share for the year ended 31 March 2014 (FY 2014).
Tata Power Company turns ex-dividend today, 23 July 2014, for dividend of Rs 1.25 per share for the year ended 31 March 2014 (FY 2014).

Tuesday, July 22, 2014

SBIN VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R42575.3BULL25972476
R32554.4UP BREAKOUT25672506
R22546.8UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12541.8SELL25722518
PIVOT2525.6 5 DAY HIGH2622.9
S12506.6BUY5 DAY LOW2503.45
S22501.7DOWN CAUTIONAVG VOLUME1497123
S32494.1DOWN BREAK OUTLAST DAYBear
S42473.3BEARHIGH2549
TRADING POSTIONSLIGHT BEARLOW2503.45

LARSEN & TOUBRO VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R41708.9BULL16921638
R31685.9UP BREAKOUT16821649
R21677.6UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R11672.1SELL16931649
PIVOT1657.8 5 DAY HIGH1698.8
S11637.9BUY5 DAY LOW1618.8
S21632.4DOWN CAUTIONAVG VOLUME1195747
S31624.1DOWN BREAK OUTLAST DAYBear
S41601.2BEARHIGH1684.2
TRADING POSTIONBEARLOW1634.3

MCDOWELL - N VIEW

INTRADAYPROBABLE HIGHPROBABLE LOW
R42431.2BULL24062376
R32413.4UP BREAKOUT23982383
R22406.9UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R12402.7SELL24112378
PIVOT2392.8 5 DAY HIGH2419.9
S12371.7BUY5 DAY LOW2355
S22367.4DOWN CAUTIONAVG VOLUME376125
S32361DOWN BREAK OUTLAST DAYBear
S42343.3BEARHIGH2415.05
TRADING POSTIONSLIGHT BEARLOW2376.05