Last week market was sideways for first 4 trading days but on the last trading day Nifty had a healthy correction and markets closed more than 69 points down. Market is showing signs of a short term trend reversal. But still level of 5350 will act as a strong support and if Nifty Future breaks that level,we can see further level of 5250 and 5150 in it.
Saturday, August 28, 2010
Indian Stock Market News
- Reliance Industries Ltd., owner of the world's largest refinery, received $1 billion of term loans from a group of 31 banks.
- The Indian car unit of Honda Motor Corp has not yet decided on starting assembly operations at its second manufacturing unit in Rajasthan, a senior official said on Thursday.
- Indian energy major Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, is close to inking a deal with hedge fund DE Shaw to launch a $700 million to $800 million infrastructure fund.
- Maruti Suzuki, India's top car maker, is seeing good sales in August, its marketing and sales chief Mayank Pareek said.
- The rupee rose on Thursday supported by mild gains in domestic shares, and broad weakness in the U.S. dollar after weak home sales data sparked concerns of another downturn in the world's largest economy.
Friday, August 27, 2010
Stock Market Intraday Summary and Tips
Indian Market:
Nifty closed flat with a positive bias on expiry day for the month of August 2010. The index, which has been range bound since last month itself, when it was trading in 5350-5450 range, has now moved up to the 5450-5550 range.
Drug major Cipla will acquire domestic pharmaceutical company Meditab Specialties for Rs 133.35 crore. The company's board also announced a special interim dividend of 80 paise per share to mark the company's 75th anniversary.
The fate of BlackBerry's encrypted email and messaging services in India will be decided in last-ditch talks starting on Thursday between the smart phone's maker and security agencies ahead of an Aug. 31 deadline.
Nifty closed flat with a positive bias on expiry day for the month of August 2010. The index, which has been range bound since last month itself, when it was trading in 5350-5450 range, has now moved up to the 5450-5550 range.
Drug major Cipla will acquire domestic pharmaceutical company Meditab Specialties for Rs 133.35 crore. The company's board also announced a special interim dividend of 80 paise per share to mark the company's 75th anniversary.
The fate of BlackBerry's encrypted email and messaging services in India will be decided in last-ditch talks starting on Thursday between the smart phone's maker and security agencies ahead of an Aug. 31 deadline.
Global Cues:
Asian stocks rose in choppy trade amid speculation the fall in share prices this month has made valuations cheap relative to earnings. The key benchmark indices in China, Japan, Singapore and South Korea were up by between 0.12% to 0.31%. The key benchmark indices in Hong Kong, Indonesia and Taiwan were down by between 0.01% to 0.72%.
Thursday, August 26, 2010
Nse Nifty Levels and Tips for Friday, August 27th
Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels. 5540 is important resistance area on the upside.
Bank Nifty Future Tips for Tomorrow
Bank nifty future has closed near the days low at 10982.50 and one may expect further downside up to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200 . So one may go for sell on rise strategy in it until it close above 11200 level.
Gold and Copper Fundamental Review (Commodity Tips)
Gold rose for a second day on Wednesday to eight-week highs near $1,240 an ounce as the dollar fell against the Euro and concern over economic growth hit equities, sparking interest in the metal as a safe haven.
Copper Bulls gave up the fight on Wednesday as prices tumbled to one-month lows on fears of deteriorating prospects for economic growth and demand in the united states, the world's largest economy.
Copper Bulls gave up the fight on Wednesday as prices tumbled to one-month lows on fears of deteriorating prospects for economic growth and demand in the united states, the world's largest economy.
Today's Share Market Review and Tips
Indian Market:
Nifty closed lower for the second consecutive session on weak global cues and ahead of expiry day for the month of August. The Sensex shed about 150 points, pulled down by metal, financial, auto, realty, private power, capital goods, healthcare and select telecom companies' shares.
The Nuclear Liability Bill is likely to get past Parliament without facing any more hurdles after the government sorted out the indifferences with the BJP and the Left. The bill is to be tabled in the Lok Sabha today.
The Reserve Bank of India (RBI) said in its annual report for 2009-2010 released on Tuesday, 24 August 2010, that the relative price variability has declined since November 2009 despite inflation remaining high, which indicates that the inflation has become increasingly generalised, and hence, requiring appropriate monetary policy actions to anchor inflation expectations.
Global Cues:
Asian stocks declined on Wednesday, 25 August 2010, on weak US housing data and on data slowing export growth in Japan. The key benchmark indices in Japan, South Korea, Taiwan, Singapore, Hong Kong and China were down by between 0.12% to 2.17%. However Indonesia's Jakarta Composite rose 0.53%.
Nifty closed lower for the second consecutive session on weak global cues and ahead of expiry day for the month of August. The Sensex shed about 150 points, pulled down by metal, financial, auto, realty, private power, capital goods, healthcare and select telecom companies' shares.
The Nuclear Liability Bill is likely to get past Parliament without facing any more hurdles after the government sorted out the indifferences with the BJP and the Left. The bill is to be tabled in the Lok Sabha today.
The Reserve Bank of India (RBI) said in its annual report for 2009-2010 released on Tuesday, 24 August 2010, that the relative price variability has declined since November 2009 despite inflation remaining high, which indicates that the inflation has become increasingly generalised, and hence, requiring appropriate monetary policy actions to anchor inflation expectations.
Global Cues:
Asian stocks declined on Wednesday, 25 August 2010, on weak US housing data and on data slowing export growth in Japan. The key benchmark indices in Japan, South Korea, Taiwan, Singapore, Hong Kong and China were down by between 0.12% to 2.17%. However Indonesia's Jakarta Composite rose 0.53%.
Wednesday, August 25, 2010
nifty Future levels for August, 26th
Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.
Bank Nifty Future Levels
Bank nifty future has closed near the days low at 10947.10 and one may expect further downside up to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200. So one may go for sell on rise strategy in it until it closes above 11200 levels.
Friday, August 20, 2010
Intraday Tips Blog: Nifty View for 23rd Aug.
Nifty, today managed to give a closing above its 5500 mark at 5530 and it will continue to face resistance at 5500 level. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. The immediate intraday support for Nifty Future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400 and 5350 in near run. For trading we already recommended buy on dips for the targets of 5500, 5550. Those who like to initiate new long positions in Nifty Future, they might do above 5500 for the target of 5600 with a Stop Loss around 5460.
Bank Nifty View for Next Week
Bank nifty closed flat at 11020 but trend is very bullish and strong up moves & in the free flowing zone. As per the present position it is looking that it still may continue its up trend & may move more from here. The next technical resistance in Bank Nifty Future seems to be around the levels of 11500 to 11550. So one may go for buy on dips strategy in it until it close below 10500.
Sensex View for Next Week
Sensex today ended at 18400 level loosing 53 points. It may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take it up till the levels of 19170 to 19200 in near run. Sensex made a strong come back from the lower levels as we already mention in our previous reports. Now the short term support for Sensex seems close to the levels of 16950 to 17050.
Thursday, August 19, 2010
Nifty Future: Next Target Level
Nifty broke the crucial resistance of 5500 today and after that it made strong closing as well.
The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we recommended to buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also.
Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who want to initiate new longs they may do above 5335 for the target of 5600 with stop loss around 5495.
The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we recommended to buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also.
Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who want to initiate new longs they may do above 5335 for the target of 5600 with stop loss around 5495.
Next Resistance Zone for Sensex (BSE Tips for Aug. 20th)
Sensex may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take up it till the levels of 19170 to 19200 in near run. Sensex made the strong come back from the lower levels as we already mention in our previous reports. Now the short term floor for sensex seems close to the levels of 16950 to 17050.
Equity Market Review and Free Tips
Indian Market:
Equity benchmarks rallied sharply in last one hour of trade, led by buying in technology, private financial, metal, FMCG, PSU oil & gas and healthcare companies' shares. The Sensex gained more than 200 points for the first time since August 2, 2010. But the Nifty have still been in a range of 5400-5500.
A parliamentary panel on Wednesday recommended changes to a bill aimed at opening up India's $150 billion nuclear power market, which included trebling the accident compensation burden and extending the liability cover to private suppliers.
India's exports in July grew an annual 13.2% to $16.24 billion, Trade Secretary said the ninth straight month of expansion. The Imports for the month rose 34.3% to $29.17 billion.
Global Cues:
Asian stocks rose on Wednesday, 18 August 2010, as investors took heart from better-than-expected earnings from US retail giants Wal-Mart Stores Inc. and Home Deport Inc. The key benchmark indices in Singapore, China, Hong Kong, Japan, South Korea and Taiwan rose by between 0.07% to 0.43%. But, Indonesia's Jakarta Composite fell 0.19%.
Equity benchmarks rallied sharply in last one hour of trade, led by buying in technology, private financial, metal, FMCG, PSU oil & gas and healthcare companies' shares. The Sensex gained more than 200 points for the first time since August 2, 2010. But the Nifty have still been in a range of 5400-5500.
A parliamentary panel on Wednesday recommended changes to a bill aimed at opening up India's $150 billion nuclear power market, which included trebling the accident compensation burden and extending the liability cover to private suppliers.
India's exports in July grew an annual 13.2% to $16.24 billion, Trade Secretary said the ninth straight month of expansion. The Imports for the month rose 34.3% to $29.17 billion.
Global Cues:
Asian stocks rose on Wednesday, 18 August 2010, as investors took heart from better-than-expected earnings from US retail giants Wal-Mart Stores Inc. and Home Deport Inc. The key benchmark indices in Singapore, China, Hong Kong, Japan, South Korea and Taiwan rose by between 0.07% to 0.43%. But, Indonesia's Jakarta Composite fell 0.19%.
Wednesday, August 18, 2010
Intraday Technical View on Nifty and Bank Nifty
Nifty today made the strong up moves and made the close near to the level of 5500. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. The immediate intraday support for nifty future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400, 5350 in near run.
For trading we have already recommended to buy on dips for the targets of 5500, 5550. Those who like to initiate new long in nifty future can do above 5500 for the target of 5600 with stop loss around 5460.
Get Premium Trading Tips on Nifty Futures Click Here.
Bank nifty is in strong up moves & in the free flowing zone. As per the present it is looking that still it may continue its up trend & may moves more from here. The next technical resistance in bank nifty future seems to be around the levels of 11500 to 11550. So one may go for buy on dips strategy in it until it close below 10500.
Technical View on BSE Sensex
Sensex may face the next resistance close to the levels of 18310 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18850 in near run. In the downside the short term support seems to be at the levels of 17800 to 17850. Decisive closing may further decline it till the lower levels of 17400 in near run.
Reliance Technical View - Trading Strategy with Support and Resistance Levels
Reliance has closed below support of 980 levels and in short term it may hit 960-950 levels and if it continues to trade below 980 levels, selling on rise will be good strategy.
Share Market News: Vedanta-Cairn deal
- Vedanta Resources Plc, controlled by billionaire Anil Agarwal, is in advanced talks to buy a controlling stake in Cairn Energy Plc's Indian oil-exploration unit.
- Exide Industries buys out remaining 49 pct in Leadage.
- The UK-based Cairn Energy said it will sell 51 per cent stake in its Indian unit to mining firm Vedanta Resources Plc for USD 8.48 billion.
- Jaihind Projects gets order worth 100.7 mln rupees.
- India's Suzlon Energy June qtr net widens.
- Marico unit buys South African health brand.
Tuesday, August 17, 2010
Nifty Future Tips for Intraday Trading
As Nifty witnessed highly volatile sessions today and in the end made flat closing. This was yet another range bound session for the market.
In the upside we might expect the decisive movement above the level of 5500 which is the crucial resistance point for the nifty. In the downside the short term base seems to be at the levels of 5350 to 5360.
BSE Sensex Update - Looking Strong
Sensex may head towards the levels of 18800 to 18850 in near run. Technically it is looking strong and may continue its up trend for some more time. The immediate support for sensex seems close to the levels of 17820 to 17850. Decisive closing below this support zone may impose the further correction in it.
Market Updates August 17, 2010
Indian Market:
The Nifty slipped in late trade today to close the session below 5450 with loss of 1%. Metal, realty, capital goods, pharma stocks witnessed heavy selling pressure. While Reliance, Infosys, ICICI Bank, L&T and SBI were the negative contributors to the Sensex.
State Bank of India the country's largest lender, said on Monday it was raising lending and deposit rates, signalling a tightening policy by the central was trickling down.
Yes Bank Ltd., the privately-owned Indian lender, raised 6.65 billion rupees ($142 million) through two bond sales.
Global Cues:
Asian stock markets started Monday, 16 August 2010, weaker amid cautious trade, after US stocks declined on Friday, 13 August 2010. The key benchmark indices in Singapore, Hong Kong, Taiwan, Indonesia, South Korea and Japan were down by between 0.11% to 0.91%. But, China's Shanghai Composite rose 0.89%.
The Nifty slipped in late trade today to close the session below 5450 with loss of 1%. Metal, realty, capital goods, pharma stocks witnessed heavy selling pressure. While Reliance, Infosys, ICICI Bank, L&T and SBI were the negative contributors to the Sensex.
State Bank of India the country's largest lender, said on Monday it was raising lending and deposit rates, signalling a tightening policy by the central was trickling down.
Yes Bank Ltd., the privately-owned Indian lender, raised 6.65 billion rupees ($142 million) through two bond sales.
Global Cues:
Asian stock markets started Monday, 16 August 2010, weaker amid cautious trade, after US stocks declined on Friday, 13 August 2010. The key benchmark indices in Singapore, Hong Kong, Taiwan, Indonesia, South Korea and Japan were down by between 0.11% to 0.91%. But, China's Shanghai Composite rose 0.89%.
Monday, August 16, 2010
Nifty Futures Prediction for 17th Aug.
Nifty still holding the level of 5400 from few trading sessions. Today again it gets the strong buying support close to the levels of 5395 to 5400. Decisive closing below this support may slip it till the lower level of 5350 in near run. Technically nifty still looking to hold these current levels for a while.
For trading we recommend that one may go for buy on dips until it close below 5350 for the targets of 5500, 5550.
For trading we recommend that one may go for buy on dips until it close below 5350 for the targets of 5500, 5550.
Saturday, August 14, 2010
Nifty Future Tips Blog: Levels and Targets for Monday, 16th Aug.
Nifty witnessed the yet another positive sessions and in end closed in the green zone. Today it was overall the positive consolidation day for the market.
The next key hurdle for nifty future seems to be at the level of 5500. Decisive closing above this resistance may take up it till the levels of 5600 to 5610 in near run.
As for trading we have already recommended to buy on dips until it close below 5350 for the targets of 5500, 5550.
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Bank Nifty Future Tips for coming week
Bank Nifty made new high in this week and looking stronger for further up moves. Most of the banking stocks like SBI, Andhra Bank, UCO Bank, Allahabad Bank made new highs and still looking very attractive for more gains.
In the coming week we might see the strong moves in Indian banks. Bank of India and Syndicate Bank. So one must focus on long position in the banking stocks.
In the downside the first support for bank nifty seems to be at the levels of 10485 to 10500. Decisive closing below this support zone may slip it till the lower level of 10350 in near run.
In the bank nifty future one may initiate long position until close below the level of 10500 for the target of 11000.
Nifty Tips: Market Outlook for next week 16th aug to 21st aug.
Nifty opened the day with down trend on weak global cues and remained down in the first half of trade; even disappointing IIP data weighed on the markets. But outstanding performance by SBI post better-than-expected quarterly numbers helped the index to recover sharply in the last couple of hours of trade.
India's mines ministry proposed mining companies allocate as much as 26 percent of their profit to develop the area where they operate, dropping an earlier proposal to also give residents an equal stake in the projects.
Monetary policy action taken by the Reserve Bank of India should start to show its impact on inflation over the next 6 to 12 months, a central bank deputy governor has said.
India's mines ministry proposed mining companies allocate as much as 26 percent of their profit to develop the area where they operate, dropping an earlier proposal to also give residents an equal stake in the projects.
Monetary policy action taken by the Reserve Bank of India should start to show its impact on inflation over the next 6 to 12 months, a central bank deputy governor has said.
How Share Market Work - a very good tutorial for Beginners
Friday, August 13, 2010
MCX, NCDEX Tips Fundamental Review
Gold, Silver Futures continued to trade higher on Multi Commodity Exchange (MCX) weak INR and buying support here on Wednesday. In the overseas Market Gold, Silver traded down on weak Euro against dollar after fed meet.
Oil Futures are under pressure since Wednesday morning as investors seek safe havens following downbeat comments from the U.S federal reserve late Tuesday about U.S. economic growth.
Oil Futures are under pressure since Wednesday morning as investors seek safe havens following downbeat comments from the U.S federal reserve late Tuesday about U.S. economic growth.
Market Review (Indian and Global)
Indian Market:
Nifty opened the day with downtrend on weak global cues and remained down in the first half of trade; even disappointing IIP data weighed on the markets. But outstanding performance by SBI post better-than-expected quarterly numbers helped the index to recover sharply in the last couple of hours of trade.
India's mines ministry proposed mining companies allocate as much as 26 percent of their profit to develop the area where they operate, dropping an earlier proposal to also give residents an equal stake in the projects.
Monetary policy action taken by the Reerve Bank of India should start to show its impact on inflation over the next 6 to 12 months, a central bank deputy governor has said.
Global Cues:
Asian stocks dropped, extending a global rout as concern the world recovery is faltering spurred demand for safe assets. The key benchmark indices in Singapore, China, Hong Kong, Taiwan, Indonesia, Japan and South Korea were down by between 0.03% to 2.02%.
US stocks erased the year's gains in the broadest sell-off in a month-and-a-half on Wednesday, 11 August 2010, as fears of sustained global economic stagnation caused investors to flee to safer assets.
American International Group Inc has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA's planned IPO.
Nifty opened the day with downtrend on weak global cues and remained down in the first half of trade; even disappointing IIP data weighed on the markets. But outstanding performance by SBI post better-than-expected quarterly numbers helped the index to recover sharply in the last couple of hours of trade.
India's mines ministry proposed mining companies allocate as much as 26 percent of their profit to develop the area where they operate, dropping an earlier proposal to also give residents an equal stake in the projects.
Monetary policy action taken by the Reerve Bank of India should start to show its impact on inflation over the next 6 to 12 months, a central bank deputy governor has said.
Global Cues:
Asian stocks dropped, extending a global rout as concern the world recovery is faltering spurred demand for safe assets. The key benchmark indices in Singapore, China, Hong Kong, Taiwan, Indonesia, Japan and South Korea were down by between 0.03% to 2.02%.
US stocks erased the year's gains in the broadest sell-off in a month-and-a-half on Wednesday, 11 August 2010, as fears of sustained global economic stagnation caused investors to flee to safer assets.
American International Group Inc has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA's planned IPO.
Stock Market News Summary
State Bank of India (SBI), the country's biggest lender, beat forecasts with a 25 percent rise in quarterly profit as net interest income improved.
Tata Motors is looking at setting up a new plant in India to manufacture small trucks, the company's India head P.M. Telang said on Thursday.
Vedanta Resources Plc is in talks to purchase assets or take a multi billion-dollar equity stake in Cairn Energy Plc, a U.K. oil and gas exploration company.
The rupee was trading near its lowest in almost three weeks on Thursday, as an overnight rally in the dollar triggered early stop losses, and weak domestic shares and Asian peers hit sentiment.
Thursday, August 12, 2010
Intraday Tips: Technical View on Nifty
Nifty made the strong come back from the lower levels, as we already mention in our previous report that technically the bounce back looking possible in it.
Today overall it was again positive session. One may expect that the up trend would be continuing in the market & we might see the 5500 mark soon.
For trading we already recommended buy on dips until it close below 5350 for the targets of 5500, 5550.
For trading we already recommended buy on dips until it close below 5350 for the targets of 5500, 5550.
Technical View on Sensex for 13th Aug.
Sensex bounce from the lower levels today & in the end made the flat closing.
The next resistance for sensex seems to be in the zone of 18300 to 18350. Decisive closing above this resistance zone may lead it towards the levels of 18800 to 18850 in near run.
Technically we might see some upside consolidation in sensex in upcoming trading sessions.
Technically we might see some upside consolidation in sensex in upcoming trading sessions.
Share market Review and Tips
Indian Market:
Sensex shed 150 points on sell-off across the globe post FOMC announcement. Financial and metal companies' shares were leading losers followed by selling in technology, capital goods, power and realty shares.
India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said.
Environmental concerns over a $12-billion steel plant in India planned by South Korea's POSCO, will be resolved soon, Steel Minister Virbhadra Singh said on Wednesday.
Global Cues:
Most Asian stocks dropped
Sensex shed 150 points on sell-off across the globe post FOMC announcement. Financial and metal companies' shares were leading losers followed by selling in technology, capital goods, power and realty shares.
India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said.
Environmental concerns over a $12-billion steel plant in India planned by South Korea's POSCO, will be resolved soon, Steel Minister Virbhadra Singh said on Wednesday.
Global Cues:
Most Asian stocks dropped
Technical View on TATA STEEL
Today Tata steel has shown very volatile movement it opened at the level of 518 made high at the level of 531 low at the level of 507.50 and closed at 519.95, as today it has announced its result it has major resistance at the level of 575 and support at the level of 500.
Wednesday, August 11, 2010
Nifty Future Technical View
Nifty witnessed the correction today and in the end closed near to the levels of 5400 to 5405. The next crucial support zone for nifty future seems to be at the levels of 5350 to 5360. Decisive closing below this support zone may slip it till the levels of 5300 to 5305 in near run.
Technically nifty still looking get back from the current levels, so one may keep long in nifty future until it close below 5350 for the targets of 5500, 5550.
Technical View on BSE - Sensex
Sensex witnessed the correction today and in the end closed near to the level of 18070. The next short term key support for sensex seems to be at the levels of 17820 to 17850. Decisive closing below this support zone may slip it till the lower levels of 17400 to 17500 in near run. Sensex technically still looking strong to bounce back from the support levels.
Technical View on TATA MOTORS
Equity Market Outlook
Indian Market:
Equity benchmarks closed with modest losses on the back of profit booking as well as sell-off across the globe ahead of FOMC meet today. Technology, telecom, metal and select infrastructure companies' shares along with heavyweights like Reliance Industries
30-share BSE Sensex closed at 18,219.99, down 67.51 points or 0.37% and the 50-share NSE Nifty fell 25.45 points or 0.46% to settle at 5,460.70. The broader indices also witnessed downtrend; the BSE Midcap Index was down 0.5% and Smallcap index down 0.35%.
Tax deducted at source (TDS) has become a problematic issue with the income tax department as in more than 50% TDS refund cases it is facing an uphill task in matching the data provided in the assessee's income tax returns with the TDS deductor's information available with the NSDL.
Global Cues:
Most Asian shares fell
Tuesday, August 10, 2010
Nifty Outlook for 11th August, 2010
Nifty witnessed some profit booking today, but still holding the up trend. Technically market is looking to head ahead from here onwards for the levels of 5600 to 5610. The next key resistance seems to be at the level of 5500. Decisive closing above this level may take up it till the levels of 5600 to 5610 in near run.
We recommend that one may keep long in nifty future until it close below 5400. Those who like to initiate new longs they may do above 5500 with the stop loss of 5440 for the target of 5600.
Sensex Prediction
Sensex witnessed some selling pressure today and in the end closed in the red zone. On the upside 18310 to 18350 is the immediate resistance in it. Decisive closing above this resistance zone may head it towards the levels of 18880 to 18920 in near run. In the downside the key short term support seems close to the zone of 17825 to 17850.
Commodity Market News and Fundamental Review
News Highlight
GOLD FIRMS AHEAD OF FED MEETING.
GOLD FIRMS AHEAD OF FED MEETING.
OIL STRUGGLES TO REGAIN $83 PEAK.
INDIA COPPER EXTENDS GAINS TRACKING OVERSEAS MKTS.
CHANA CLOSED DOWN ON PROFIT BOOKING.
Fundamental Review
GOLD ROSE ON MONDAY AS UNCERTAINTY HIT THE MARKET AHEAD OF A U.S. FEDERAL RESERVE POLICY MEETING THIS WEEK, WITH SOFT ECONOMIC DATA SPARKING SPECULATION THAT THE FED MAY ANNOUNCE ADDITIONAL MONETARY EASING MEASURES.
INDIA COPPER FUTURES EXTENDED GAINS FOR A SECOND SESSION ON MONDAY EVENING TRACKING FIRM OVERSEAS LEADS, WHERE A DROP IN INVENTORY SUPPORTED THE RED METAL.
Share Market Outlook for Tomorrow
Indian Market:
Nifty closed at a new 30-month high led by global cues and buying in infrastructure, realty, metal, technology, telecom, auto and select financial companies' shares. Index finished the trade at 5486 for the first time since January 18, 2008.
Car sales in the country rose 38 percent in July, but face capacity constraints, a possible rise in interest rates and supply bottlenecks as the festive season draws near, when demand for vehicles peak.
Bread and cookie makers in India, the second-biggest wheat producer, may stop buying from Australia and Ukraine as global prices surged to a 23-month high after a heat wave slashed the harvest in Russia
Nifty closed at a new 30-month high led by global cues and buying in infrastructure, realty, metal, technology, telecom, auto and select financial companies' shares. Index finished the trade at 5486 for the first time since January 18, 2008.
Car sales in the country rose 38 percent in July, but face capacity constraints, a possible rise in interest rates and supply bottlenecks as the festive season draws near, when demand for vehicles peak.
Bread and cookie makers in India, the second-biggest wheat producer, may stop buying from Australia and Ukraine as global prices surged to a 23-month high after a heat wave slashed the harvest in Russia
Global Cues:
Asian stock markets recovered after initial losses triggered by a poor US jobs report that was the latest sign the US economic recovery is weakening. The key benchmark indices in China, Taiwan, Indonesia, South Korea were up by between 0.11% to 0.79%.
European stocks advanced for the first time in three days as basic-resource producers and energy companies climbed with commodity prices. U.S. index futures rose, while Asian equities were little changed. European markets like France's CAC, Germany's DAX and Britain's FTSE were trading 1.3-1.55% higher.
US stocks fell on Friday 6 August 2010 after government data showed a larger-than-expected drop in July payrolls, giving investors a stark reminder the economic recovery remains slow. But, the stocks sharply pared back losses that had driven the major indexes down 1% or more to their session lows.
Monday, August 9, 2010
What is Nifty and SGX Nifty?
Before Understanding SGX Nifty Let us understand about Nifty and some other technical terms associated with Nifty.
Nifty is basically index of large companies on the NSE (National Stock Exchange on India). It is also referred to as S&P's CNX Nifty or Nifty 50. Its called Nifty 50 because it consists of 9index) 50 stocks divided into 22 sectors of the economy traded on NSE.
Some Features on Nifty: are that it is used for benchmarking fund portfolios, index based derivatives and index funds. Nifty 50 or S&P CNX Nifty is managed by IISL (India Index Services and Products Limited).
I have used various terms like S&P's CNX, IISL, CRISIL etc. Now what are these:
S&P : you might have heard this in news also, actually S&P stands for Standard and Poor's this is an US based financial services company which publishes financial research and analysis on Stocks and Bonds well known for stock market indexes.
IISL : It is a joint venture between NSE and CRISIL and it has a marketing and licensing agreement with Standard and Poor's (S&P's).
CRISIL : CRISIL stands for Credit Rating and Information Services of India Limited. It is ratings, research, risk and policy advisory company. CRISIL provides domestic and internationsl customers with independant information, opinions and solutions related to credit ratings and risk management.
Now What is SGX Nifty - SGX stands for Singapore Stock Exchange, thus, SGX Nifty is nothing but Indian Nifty Traded in singapore stock exchange (SGX) and it moves with respect to Indian Nifty.
Benefit of Tracking SGX Nifty :
We all know that India is 2.5 hours behind Singapore and SGX Nifty opens at 10:30 A.M in Singapore i.e., at 8:00 A.M according to Indian Standard Time(IST) on all working days. Thus, becomes initial direction to Inidan Markets.
Nifty is basically index of large companies on the NSE (National Stock Exchange on India). It is also referred to as S&P's CNX Nifty or Nifty 50. Its called Nifty 50 because it consists of 9index) 50 stocks divided into 22 sectors of the economy traded on NSE.
Some Features on Nifty: are that it is used for benchmarking fund portfolios, index based derivatives and index funds. Nifty 50 or S&P CNX Nifty is managed by IISL (India Index Services and Products Limited).
I have used various terms like S&P's CNX, IISL, CRISIL etc. Now what are these:
S&P : you might have heard this in news also, actually S&P stands for Standard and Poor's this is an US based financial services company which publishes financial research and analysis on Stocks and Bonds well known for stock market indexes.
IISL : It is a joint venture between NSE and CRISIL and it has a marketing and licensing agreement with Standard and Poor's (S&P's).
CRISIL : CRISIL stands for Credit Rating and Information Services of India Limited. It is ratings, research, risk and policy advisory company. CRISIL provides domestic and internationsl customers with independant information, opinions and solutions related to credit ratings and risk management.
Now What is SGX Nifty - SGX stands for Singapore Stock Exchange, thus, SGX Nifty is nothing but Indian Nifty Traded in singapore stock exchange (SGX) and it moves with respect to Indian Nifty.
Benefit of Tracking SGX Nifty :
We all know that India is 2.5 hours behind Singapore and SGX Nifty opens at 10:30 A.M in Singapore i.e., at 8:00 A.M according to Indian Standard Time(IST) on all working days. Thus, becomes initial direction to Inidan Markets.
BSE Sensex Trading Strategy
Sensex continue it's up trend & made yet another closing in green zone. The next key resistance for it seems to be at the levels of 18320 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18820 in near run.technically sensex looking strong and one may expect more up moves in it from the current levels.
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Nifty Strategy
Nifty Today and Trading Strategy
Share Market Strategy
Nifty witnessed the yet another positive session & in the end closed in positive zone. The next key resistance point for it seems to be at the level of 5500. Decisive closing above this resistance may take up it till the levels of 5550, 5600 in near run. In the lower side the key supports for intra day seems to be at the levels of 5405 & 5350. For trading as we already recommend in our previous reports that one may go for buy on dips in nifty future until it close below 5350 for the targets of 5500, 5550, so traders may keep long in nifty future.
Friday, August 6, 2010
SEBI Permits Intraday trade for seven more Scrips
It said that the these seven companies -- Volant Textile Mills, Tilak Finance, GFL Financials, Virdhi Commercial, Window Glass Ltd , Shri Mahasati Investments and Mudit Finlease -- have "established connectivity with both the depositories (NSDL and CSDL)" in April, 2010.
Market regulator SEBI on Thursday directed the stock exchanges to allow intra-day trading in scrips of seven companies. The Securities and Exchanges Board of India (SEBI) said these companies can now shift from the Trade for Trade Settlement (TFTS), under which a company can not carry out intra-day trade, to a normal Rolling Settlement.
Market regulator SEBI on Thursday directed the stock exchanges to allow intra-day trading in scrips of seven companies. The Securities and Exchanges Board of India (SEBI) said these companies can now shift from the Trade for Trade Settlement (TFTS), under which a company can not carry out intra-day trade, to a normal Rolling Settlement.
Today's Market Review
Indian Market:
Equity benchmarks closed with marginal losses, pulled down by oil & gas, private financial, pharma, power, cement, metal and select telecom companies' shares. Overall it was another consolidation day for the markets; it was positive in the first half of trade while slipped into red in last one hour of trade but with mild losses.
Indian Hotels Co Ltd, owner of the Taj luxury chain still needs to improve its margins, Chairman Ratan Tata said.
Inflation in the food articles group stood at 9.53% in the week ended July 24 as against 9.67% in the previous week. Inflation in this group was at 14.58% in the week ended Jul. 25, 2009. The WPI for food articles group declined by 0.2% to 298.7
Global Cues:
Equity benchmarks closed with marginal losses, pulled down by oil & gas, private financial, pharma, power, cement, metal and select telecom companies' shares. Overall it was another consolidation day for the markets; it was positive in the first half of trade while slipped into red in last one hour of trade but with mild losses.
Indian Hotels Co Ltd, owner of the Taj luxury chain still needs to improve its margins, Chairman Ratan Tata said.
Inflation in the food articles group stood at 9.53% in the week ended July 24 as against 9.67% in the previous week. Inflation in this group was at 14.58% in the week ended Jul. 25, 2009. The WPI for food articles group declined by 0.2% to 298.7
Global Cues:
Thursday, August 5, 2010
Nifty Market Outlook for Tomorrow Aug 6th
Nifty continue the upward rally today and made the high of 5480. Overall it was the highly volatile session. Technically market looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intra day support seems to be around the levels of 5400 to 5405. Closing below this support range may slip it till the lower levels of 5350 to 5355 in near run.
For trading we have already mentioned in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500, 5550 in near run.
Sensex Trend Today and Outlook for Tomorrow
Sensex reaches close to the level of 18300, as we have already mentioned in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. In the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.
Equity Market News Summary
- Maruti Suzuki India's top car maker, is looking to speed up expansion plans to meet booming demand in the fast-growing south Asian country.
- Reliance Communications expects to roll out 3G services by the end of 2010, provided government allocates spectrum by September, a company official said on Wednesday.
- India's Larsen & Toubro gets orders worth $222 mln.
- Steel Authority of India hopes to form a joint venture with Japan's Kobe Steel within six months, for setting up a 0.5 million tonne steel plant in India.
- The Indian rupee climbed to a fresh one-month high on Friday as custodian banks, representing foreign investors, sold doll.
- The government on Tuesday sought parliamentary approval to spend a net additional 545.89 billion rupees ($11.8 billion) in the 2010/11 fiscal year.
- The Reserve Bank of India stripped some portfolios from a deputy governor who indicated the central bank would raise interest rates days before an unscheduled move.
- Indian bond yields largely steady; supplies eyed .
- The Institute for Supply Management said the US manufacturing sector grew at a faster rate than expected in.
- The yen rose towards a 15-year high against the dollar on Wednesday, sending benchmark government bond yields below 1 percent and adding pressure on Japanese policy makers to keep the fragile economic recovery on course.
- Crude oil declined from a three-month high in New York before the release of economic data forecast to show that the recovery is losing steam in the U.S., the world's second-largest energy consumer.
Wednesday, August 4, 2010
Nifty trend Today and Recommendation for 5th August
Nifty continue the up trend today & in the end made the strong closing. The next key resistance for it seems to be at the level of 5500. Decisive closing above this resistance may guide it towards the levels of 5600 to 5610 in short run.
In the downside the intra day support seems to be at the level of 5400 to 5405. Closing below this support may slip it till the lower levels of 5350 to 5360 in short run.
For trading we have already recommended that every decline in nifty future is the buying opportunity until it close below 5350 for the targets of 5500, 5550 in near run.
Sensex Trend, Resistance, Support and Levels
Sensex made the strong up moves today and in the end closed very close to days high. Now it is looking to continue the up trend for some more time. The next resistance seems to be at the levels of 18310 to 18350.
Decisive closing above this resistance zone may lead it towards the level of 18800 in near run.
Commodity Market (MCX Tips) - Gold and Base Metals
Gold firmed on tuesday as physical consumers took advantage of lower prices to buy into the metal and as china announced moves to allow greater freedom in its gold trade, but a lack of investment kept a lid on gains.
Base metals are higher on the london metal exchange monday on a weaker dollar and gains in european and asian equities.
News Highlights
- Gold rises on firmer physical demand, china move.
- Metals higher on weak dollar, rising equities.
- MCX crude oil rises of bullish global cues.
- India pepper futures likely up on short-covering.
Share Market Review and Tips for Today
Indian Market:
Nifty closed flat with a positive bias, after witnessing a range bound trading session throughout the day. Heavyweights like Reliance Industries, Bharti Airtel, ICICI Bank, SBI and Hero Honda helped the markets to stay in positive territory.
30-share index, BSE Sensex added 33.62 points or 0.19% at 18,114.83 with 14 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 7.90 points or 0.15% at 5,439.55 with 21 components registering rise.
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to two of Anil Dhirubhai Ambani Group (ADAG) companies Reliance Natural Resources (RNRL) and Reliance Infrastructure and asked the two to appear for a personal hearing on September 3.
Nifty closed flat with a positive bias, after witnessing a range bound trading session throughout the day. Heavyweights like Reliance Industries, Bharti Airtel, ICICI Bank, SBI and Hero Honda helped the markets to stay in positive territory.
30-share index, BSE Sensex added 33.62 points or 0.19% at 18,114.83 with 14 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 7.90 points or 0.15% at 5,439.55 with 21 components registering rise.
The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to two of Anil Dhirubhai Ambani Group (ADAG) companies Reliance Natural Resources (RNRL) and Reliance Infrastructure and asked the two to appear for a personal hearing on September 3.
Global Cues:
Tuesday, August 3, 2010
NSE Nifty Outlook for August 04, 2010
Nifty witnessed a range bound movement today and in the end closed marginally in green. Overall it was a positive consolidation for the market and the up trend remain intact for a while. The next crucial hurdle for Nifty Futures seems to be at the level of 5500. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. The immediate support for it seems to be at the levels of 5400 to 5405. After it Nifty may get the short term support close to the level of 5350.
Stock Market: Sensex Outlook for 4th August
Sensex is holding the higher levels, today it was overall the positive consolidation for Sensex. The next resistance for it seems to be in the zone of 18310 to 18340. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run. The immediate support for it seems to be around the levels of 17820 to 17850.
Monday, August 2, 2010
Share Market Tips: Nifty Today
Nifty bounce from the support levels and in the end made the strong closing, as we already mention in our previous report that one may go for buy on dips in nifty future until it close below 5350 for the targets of 5410, 5440, today market achieved it.
Now technically nifty future looking strong and having the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Now technically nifty future looking strong and having the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Sensex Tips for August 03, 2010
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone become the crucial short term support zone for the sensex. The next key resistance zone for the sensex seems to be at the levels of 18320 to 18350. Decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
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