Thursday, December 18, 2014

NIFTY INTRADAY VIEW ( 19 / 12 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48314BULL82437928
R38248UP BREAKOUT81658007
R28224UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18208SELL81498033
PIVOT8121 LAST DAYSTRONG BULL LOW VOLATALITY
S18111BUYOPEN8139
S28095DOWN CAUTIONHIGH8174.0
S38071DOWN BREAK OUTLOW8085.0
S48004BEARCLOSE8159.3
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.1%
R26082LONGNIFTY WEEKLY VOLATALITY4.53%
R15976SHORT EXITNIFTY WEEKLY HIGH8322.0
S15765LONG EXITNIFTY WEEKLY LOW7961.0
S25659SHORTNIFTY DAY MEAN8141.5




Open Price8138.9
High Price8174.3
Low Price8084.9
Close Price8159.3
Absolute Change129.5
Percentage Change1.61%
Weekly Change-1.61%
Monthly Change-2.89%
Yearly Change30.3%
52-week high8626.95
52-week low5933.3

Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
December 24, 20148180.822041150.0147531.0487109.08159.3
January 29, 20158247.453613625.032759.0100104.08159.3
February 26, 20158296.55244125.01738.03877.08159.3

BANK NIFTY INTRADAY VIEW ( 19 / 12 )

BANKNIFTY INTRADAY LEVEL BANKNIFTY PROBABLE HIGHBANKNIFTY PROBABLE LOW
R418849BULL 1872417530
R318620UP BREAKOUT 1848517769
R218537UP CAUTION LEVEL FOR LONGLEVEL FOR SHORT
R118483SELL 1823917796
PIVOT18183  LAST DAYSTRONG BULL LOW VOLATALITY
S118171BUY OPEN18238
S218116DOWN CAUTION HIGH18356.0
S318034DOWN BREAK OUT LOW18109.0
S417806BEAR CLOSE18326.6

BANKNIFTY


The Banking Sector Index

 BANKNIFTY DAILY VOLATALITY1.36%
 BANKNIFTY WEEKLY VOLATALITY5.71%
 BANKNIFTY WEEKLY HIGH18502.0
 BANKNIFTY WEEKLY LOW17502.0
 BANKNIFTY DAY MEAN18002



Open Price18238.0
High Price18356.3
Low Price18109.35
Close Price18326.6
Absolute Change460.85
Percentage Change2.58%
Weekly Change-0.426%
Monthly Change3.86%
Yearly Change56.4%
52-week high18875.45
52-week low9944.0

Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
December 24, 201418389.551614450.070442.0129251.018326.6
January 29, 201518536.8316950.06993.011967.018326.6
February 26, 201518644.114025.0317.0391.018326.6

IndicatorAnalysisSignal (0 - 10)
RSIRSI is 57.0. According to RSI analysis, banknifty is technically strong.9.0
MACDMACD: 212.0 and Signal Line: 329.0. According to MACD analysis, banknifty is marginally weak.3.0
Simple Moving AveragePrice just got above it's 20-day simple moving average which is a positive signal. According to simple moving average analysis, banknifty is in a strong uptrend. Major support levels are 18325.87, 17307.04, 15049.16.9.0
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 18142.9, 17504.86, 15343.17.9.0
Bollinger Bands%b is 0.479.5.0
Fibonacci RetracementAccording to fibonacci retracement, price is above all levels. Major support is at 17444.8218 and 17002.9. Resistance level is 18875.45.6.5
Average True RangeATR: 326NA
Average Directional IndexADX is 34.2 which means BANKNIFTY is in a trend.NA

STOCK ALERT

CICI Bank, Bank of Baroda in focus as RBI imposes fines for flouting KYC norms
Shares of banking firms ICICI Bank and Bank of Baroda will be watched after the Reserve Bank of India (RBI) yesterday, 17 December 2014 imposed fines worth Rs 50 lakh and Rs 25 lakh on ICICI Bank and Bank of Baroda, respectively, for violations of its instructions on know-your-customer (KYC) and anti-money laundering norms. The RBI said that three other banks including the listed State Bank of India, Axis Bank and the unlisted State Bank of Patiala, have also been cautioned to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC requirements in future.
Indian Oil Corporation (IOCL) will be in focus after the Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan informed the Rajya Sabha in a written reply yesterday, 17 December 2014, that IOCL is establishing a refinery of 15 million metric tonne per annum (MMTPA) capacity at Paradip, Odisha, at an estimated cost of Rs 34162 crore. IOCL has reported that a detailed feasibility study for setting up of a polypropylene (PP) plant which is a part of proposed petrochemical complex attached to the refinery, has been completed. The PP plant will produce 700 thousands metric tonne per annum. The investment decision for PP plant was taken by the IOCL board in March 2014. The estimated cost of the PP project is Rs 3150 crore. The PP plant is planned to be commissioned during 2017-18. IOCL has also plans to set up ethylene derivative project (Ethylene Glycol), Para Xylene & PTA and Petcoke gasification based derivative, Pradhan said.
Swiss drugmaker Novartis has reportedly sued Cipla for infringing patents covering its respiratory drug Onbrez, a month after Cipla launched a copy at a fifth of the original drug's price.
Shares of Punjab National Bank turn ex-split today, 18 December 2014, for 5-for-1 stock split.
Adani group stocks Adani Enterprises, Adani Power and Adani Ports & Special Economic Zone will be in focus on reports that Adani Group's Australian subsidiary has signed an MOU with a South Korean steel giant for the construction of a new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.
With respect to news titled “Cadila's US Arm recalls 63,648 bottles of benzonatate capsules,” Cadila Healthcare clarified after market hours yesterday, 17 December 2014, that the recall by the company's US subsidiary was voluntary and a class-III type recall, which means that the use of the product is not likely to cause any adverse health consequences. Cadila Healthcare this development has no material impact on the company's operations and financials.
Emami will be watched. With respect to the news stating "Emami ties up with German Firm," Emami clarified that it has not entered into the above arrangement.
M. Bhattacharya & Co alongwith King & Company (Homoeo Chemist), both the Emami Group Companies engaged in the business of homeopathy medicines has entered into the strategic technical joint venture with German homoeopathic giant Hevert- Arzneimittel GmbH & Co.KG, Germany in the area of distribution and marketing, GMP consultancy and licence for manufacturing select revert formulations in India.
As Emami was not the part of the above agreement, it was not obligatory on the company to intimate the exchange under clause 36 of the Listing Agreement, the company said.
SKS Microfinance issued commercial papers of an aggregate amount of Rs 70 crore on 16 December 2014, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate Commercial Paper outstanding as on date is Rs 150 crore.
IL&FS Investment Managers will be watched. With respect to news titled "IL&FS Fund Exits Phase I of Wadhwa Project," IL&FS Investment Managers clarified that IL&FS Investment Managers (IIML) is a private equity fund manager and manages private equity funds which invest across various sectors including real estate. The funds in their normal course of business regularly make investments and divestments in various companies across various sectors.
However, IIML in only a fund manager but does not make any direct investments in companies. However, one of the funds under its management recently made a divestment from Wadhwa Residency.
In view of the fact that this is not a divestment made by IIML and hence it has not considered this as a price sensitive information for IIML and accordingly no disclosures under Clause 36 of the Listing Agreement was made.

PRE - SESSION

Market may surge on firm global stocks
The market may surge in opening trade on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 91.50 points at the opening bell. Asian stocks surged today, 18 December 2014, rebounding from an almost nine-month low, after a Federal Reserve pledge to be patient on interest-rate increases sent US equities up the most since 2013 yesterday, 17 December 2014.
Among corporate news, the Reserve Bank of India has on Wednesday, 17 December 2014, imposed monetary penalty of Rs 50 lakhs on ICICI Bank and Rs 25 lakhs on Bank of Baroda for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A)(1)( c ) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
Indian Oil Corporation (IOCL) will be in focus after the Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan informed the Rajya Sabha in a written reply yesterday, 17 December 2014, that IOCL is establishing a refinery of 15 million metric tonne per annum (MMTPA) capacity at Paradip, Odisha, at an estimated cost of Rs 34162 crore. IOCL has reported that a detailed feasibility study for setting up of a polypropylene (PP) plant which is a part of proposed petrochemical complex attached to the refinery, has been completed. The PP plant will produce 700 thousands metric tonne per annum. The investment decision for PP plant was taken by the IOCL board in March 2014. The estimated cost of the PP project is Rs 3150 crore. The PP plant is planned to be commissioned during 2017-18. IOCL has also plans to set up ethylene derivative project (Ethylene Glycol), Para Xylene & PTA and Petcoke gasification based derivative, Pradhan said.
With respect to news titled "Cadila's US Arm recalls 63,648 bottles of benzonatate capsules," Cadila Healthcare clarified after market hours on Wednesday, 17 December 2014, that the recall by the company's US subsidiary was voluntary and a class-III type recall, which means that the use of the product is not likely to cause any adverse health consequences. Cadila Healthcare this development has no material impact on the company's operations and financials.
Closer home, investors are closely monitoring if the Indian government's key legislative reform bills are passed during the ongoing winter session of the parliament. The government may table the constitutional amendment bill to facilitate the levy of goods & services tax (GST) during the ongoing winter session of the parliament. The constitutional amendment Bill will provide the legal framework for rolling out the levy, giving states power to tax both goods and services. As of now only the central government can impose service tax. The amendment Bill will also create a GST council, a body that will have representatives of the states and the Centre that will take decisions on the tax after it is rolled out.
The government's intension is to implement a nationwide GST from 1 April 2016. GST is a major indirect tax reform. GST will subsume central indirect taxes such as excise duty and service tax at the central level and value added tax at the state level besides other local levies such as octroi and entry tax.
Meanwhile, the Indian government intends to get the Insurance Laws (Amendment) Bill, 2008 passed in both the Houses of Parliament in this week. The Union Cabinet, last week, approved the official amendments to the Insurance Laws (Amendment) Bill, 2008. The Parliamentary Select Committee in its report tabled in Rajya Sabha on 10 December 2014 agreed a composite cap of 49% on foreign investment in the insurance sector, which includes all types of foreign investment as opposed to the 26% foreign direct investment (FDI) allowed at present. Finance Minister Arun Jaitley had said in his maiden budget speech in July that the composite cap in the insurance sector should be increased to 49% from the current level of 26%, with full Indian management and control.
It also remains to be seen if the government will be to find support for the Coal Mines (Special Provisions) Bill, 2014 in the Rajya Sabha where it's in a minority. The Lok Sabha last week passed the Coal Mines (Special Provisions) Bill, 2014. The bill allows the government to enforce rules and guidelines for auction/allocation of 204 coal blocks cancelled by the Supreme Court in September this year.
Prospects of higher interest rates in the United States and a further fall in global crude oil prices weighed on sentiment as key equity benchmark indices in India edged lower in volatile trade on Wednesday, 17 December 2014. The S&P BSE Sensex fell 71.31 points or 0.27% to settle at 26,710.13 on that day, its lowest closing level since 21 October 2014.
Asian stocks surged today, 18 December 2014, rebounding from an almost nine-month low, after a Federal Reserve pledge to be patient on interest-rate increases sent US equities up the most since 2013 yesterday, 17 December 2014. Key indices in Indonesia, Singapore, Japan, Hong Kong, and Taiwan were up 0.39% to 2.55%. Key indices in China and South Korea shed 0.03% to 0.43%.
US stocks surged the most since 2013 yesterday, 17 December 2014, with the Standard & Poor's 500 Index erasing about half of its December drop, after the Federal Reserve pledged patience on its first interest-rate increase since 2006.
The Federal Reserve after two-day policy meet yesterday, 17 December 2014, said it will be patient when it comes to the timing of rate increases, replacing a pledge in its statement to keep borrowing costs near zero for a “considerable time,” and raising its assessment of the job market.
Federal Reserve Chair Janet Yellen restored clarity to the central bank's monetary policy plans, saying it was on course to raise interest rates, though not right away. Yellen told reporters following a two-day meeting that the Fed is likely to hold rates near zero at least through the first quarter. She also laid out the economic parameters that would need to be met for liftoff to begin later in the year and said that rates probably would be raised gradually thereafter. They may not return to more normal levels until 2017, she added.
Among economic data in the US, the US consumer-price index dropped 0.3% in November from the previous month, the most since December 2008, after being little changed the prior month, a Labor Department report showed yesterday.

Tuesday, December 16, 2014

NIFTY INTRADAY VIEW ( 17 / 12 )

NIFTY INTRADAY LEVELNIFTY PROBABLE HIGHNIFTY PROBABLE LOW
R48243BULL83637882
R38167UP BREAKOUT82677978
R28140UP CAUTIONLEVEL FOR LONGLEVEL FOR SHORT
R18121SELL82518140
PIVOT8113 LAST DAYVERY STRONG BEAR
S18014BUYOPEN8173
S27996DOWN CAUTIONHIGH8189.0
S37968DOWN BREAK OUTLOW8053.0
S47892BEARCLOSE8067.6
NIFTY MONTHLY LEVELNIFTY DAILY VOLATALITY1.69%
R26082LONGNIFTY WEEKLY VOLATALITY4.02%
R15976SHORT EXITNIFTY WEEKLY HIGH8377.0
S15765LONG EXITNIFTY WEEKLY LOW8053.0
S25659SHORTNIFTY DAY MEAN8215



Open Price8172.6
High Price8189.35
Low Price8052.6
Close Price8067.6
Absolute Change-152.0
Percentage Change-1.85%
Weekly Change-3.27%
Monthly Change-4.25%
Yearly Change30.9%
52-week high8626.95
52-week low5933.3

Futures - NSE

Expiry DateClose PriceOpen InterestNumber of TradesNo of ContractsUnderlying Closing Price
December 24, 20148116.023949650.0201044.0697823.08067.6
January 29, 20158180.851859575.027099.050431.08067.6
February 26, 20158228.85178650.02410.04384.08067.6