Nifty50 Delivery Picks for 2013

28th Dec. 2012 Closing Market Updates 18:33

Indian stock markets have been trading sideways.At the last day of the last week of 2012, Nifty gained 38.4 points and ended at 5908.5 whereas Sensex ended at 19454.76 after adding 130.96 points.

Among BSE Sectoral Indices, Oil & Gas gained the most by 2.38% and Healthcare index was the top loser by 0.19% decline. 

In Nifty50 stocks, Reliance Ind.was the top gainer by 3.22%, ended at 844. IDFC was the top loser by 0.69% which ended at 1354.9.
Suzlon was the most traded stock by the traded quantity and newly listed infratel, which ended 13.18% negative on very 1st day of listing; was by the traded value.

Advance/decline ratio was slightly positive as 749 stocks gained and 686 declined today on NSE.

Nifty Future Outlook : 

Market witnessing a sideways phase for the whole December month and with a more than 1% premium. Keen to see Q3 results and USD/INR movement. Sustainable closing below 5830 will lead to correct the Nifty to more 100 points.Breakout would be considered above 6030 if sustained.
Strong support : 5830 closing basis
Immediate Resistance : 5960/6030


Nifty50 Short Term-Delivery Picks

Ambujacem sl 195 Trg 210(CMP 202)

Axisbank (abv 1380) sl 1340, Trg 1435
Bhartiartl sl 303, Trg 324
BPCL sl 340, Trg 388
DLF (abv 230) sl 221, Trg 244
Gail sl 340, Trg 370
ONGC sl 260, Trg 280
Ranbaxy sl 498, Trg 520
Siemens sl 660, Trg 695
Tatapower sl 104 Trg 118

Sell off on the last day of the week triggered Nifty to close below 5600 mark

16th Nov. 2012 Closing Market Updates 17:03

Indian stock markets have been under pressure tracking weak global cues and poor domestic macro data. Earlier this week, factory output data for September indicated a contraction in industrial activity. The trade deficit in October widened to $21 billion, India's worst on record according to Credit Suisse. The headline inflation eased to an eight-month low in October, but RBI governor today said that inflation rate is still high, suggesting that the bank is unlikely to loosen monetary conditions anytime soon to support faltering growth.

Sensex fell 201.99 points to end at 18269.38 whereas Nifty50 dropped 68.8 points to end at 5562.20.Nifty Nov month future closed at 5570 with a premium of just 7.8 points.

Among BSE Sectoral Indices, just two indices closed into green.Teck gained by 0.46% followed by IT up by 0.43%. Realty plunged the most by 3.36% followed by Bankex, Auto, Capital goods, FMCG & Power by 1.61%, 1.5%, 1.44%, 1.36% & 1.14% respectively.

In Nifty50 stocks, Bhartiartl was the top gainer by 3.08%, ended at 299.25. IDFC was the top loser by 3.61% which ended at 158.95.Unitech was the most traded stock by the traded quaintity and McDowell-n was by the traded value.

Advance/decline ratio was 2.19:1 as 999 stocks declined and 457 stocks gained today on NSE.

Nifty Outlook : 

As we mentioned into our previous blog, published on 28th Sept.2012, we had adviced to book profits in long positions in Nifty Futures. 5630 was a very crucial level for Nifty as twice Nifty bounced back from the level to test 5800 mark. But today in the last hour Nifty broke the support of 5630 level and collapsed to 5568. Any weekly close below 5540 will break the uptrend on weekly chart and will lead to more bearishness and may test 5265.
Immediate Resistance : 5590-5640
Immediate Support : 5540-5520

28 Sept.2012 Nifty weekly outlook

Nifty ended at 5697.35 with 47.85 points positively and Sensex gained 175.11 points to end at 18754.61
All BSE Sectoral indices closed into positive except Realty.It was down by 0.37%. Auto index  was the top gainer by 1.89%.
In Nifty50 stocks, Hindalco was the top gainer by 3.69% and ended at 120.8 whereas Relinfra  was the top loser by 1.5% and ended at 537.2. HDIL was the turnover topper by the traded quantity and McDowell-n by the traded value.
Advance/Decline ratio was positive as 893 stocks gained and 573 stocks declined on NSE today.

Nifty Outlook : On weekly chart, Nifty closed negative for the first time after 3 consecutive positive closings.In our previous weekly blog, we have mentioned clearly a target for Nifty of 5770.Today Nifty Oct.Fut. touched 5766.05 and settled at 5723 with a 22.7 points' premium.We advice to book profits at this levels or else buy calls of 5800 instead of going long on Nifty Fut. Any fall upto 5440 level won't harm the uptrend but it will make the rally stronger.
Immediate Support : 5670
Immediate Resistance : 5770.

Nifty Weekly Chart : 

Market closed at 63 wk high.

21 Sept.2012 Closing Market Updates & Nifty Technical Outlook :
Market shoot up and closed at 63 week high today. Nifty ended at 5710 and the adjusted close was 5691.15 by gaining 136.90 points. It is the highest closing since 7th July, 2011 and Sensex rallied 18752.83 with 403.58 points' jump. Mamta fear wiped out at the opening session and investors considered about new reforms by the UPA Govt. and all heavy weight stocks rallied.
Among BSE Sectoral indices, Power sector was the top gainer by 4.35% followed by Capital Goods'(4.12%), Metal(4.06%) & Bankex(4.05%).IT and Teck sectors didn't participate into today's rally.
In Nifty50 stocks, Relinfra was the top gainer by 9.86% and ended at 544.7 whereas TCS was the top loser by 1.15% and ended at 1306.75. LITL was the turnover topper by the traded quantity and SBIN was by the traded value.
Advance/Decline ratio was positive as 1032 stocks gained and 441 stocks declined on NSE today.

Nifty Future Outlook : As stated into previous blog published on last Friday, Nifty had given a break-out above 5465 and Nifty Fut. remained above the breakout level. Today, Nifty Fut. achieved it's target of 5670 and 5700. Now the immediate resistance for Nifty Fut. is 5760-5770 and immediate support would be 5550. Book profits on rallies and buy on dips.Best levels to re-enter into Nifty Fut. are 5450-5460 and 5290-5300 but it does not mean to take short positions.

Major Global Indices : 

Nikkei : +23.02
HangSeng : +144.02
FTSE : -2.86
CAC : +0.75
DAX : +22.06
Dow Futures : +32.00
Nasdaq Futures : +4.75

14 Sept.2012 Closing Market Updates 16:26
Punters in Indian equity markets celebrated on the Ben Bernanke's decision to pump US$40 millions via bond purchase to improve the U.S. economy and Govt.'s decision to rise diesel prices. But the dark side would be rising inflation because of diesel price hike by 10% at actual.
Nifty ended at 5567.40 by gaining 132 points and Sensex jumped 420 points to end at 18441.16.The adjusted closing are 5577.65 and 18464.27 for Nifty and Sensex respectively.
In BSE sectoral indices, 
As stated in the last blog, published weekly on 7th Sept., we had clearly stated that if Nifty fut. sustains above 5365, its resistance, Nifty will touch 5440.Now keep eyes on RBI announcement which is on 17th of this month. Expecting 25 bps cut in CRR will may harm the economy as diesel price hike will be backing to inflation.

Nifty Technical Outlook : Nifty Fut. has given a breakout on weekly chart as well but on the lower volumes.Resistance at 5670-5700 and support at 5440/5265.
In BSE Sectoral Indices, Realty index was the top gainer by 4.78% followed by Metal(4.25%) and Bankex(4.15%) and Helthcare Index was the top loser by 1.24%. 
In Nifty50 stocks, Jindalsteel was the top gainer by 7.79% to end at 368.55 whereas Ranbaxy was the top loser by 2.07% to end at 539.85. KFA was the turnover topper by the traded quantity and ICICI Bank was  by the traded value.
Advance/Decline ratio was positive as 772 stocks gained and 658 stocks declined on NSE today.
Major Global Indices : 
Hang Seng : +582.15
Nikkei : +164.24
FTSE : +93.18
CAC : +70.47
DAX : +109.10
Dow Futures : +60.00
Nasdaq Futures : +15.25

Closing Market Updates

Thanks to global markets for gap-up opening on Indian indices. Market opened into positive and hold the steam through out the day. Nifty gained 104.25 points to end at 5342.65 and Sensex jumped to 17694.40 by gaining 348.13 points.

Nifty Outlook : Immediate resistance for Nifty future is around 5360-5365.If this hurdle crosses in the coming week sessions, probably Nifty Fut will test 5440 level.Immediate support at 5305/5285/5250.

Tomorrow Equity Market(Cash & FO) live session from 11:00 to 12:45

Nifty ended above 5200

30 July 2012 Closing Market Updates  15:55

Market gained on the rate cut expectations from RBI's 1st quarter Credit Policy which will be announced tomorrow. Nifty gained 100.45 points and ended at 5200.30 whereas BSE Sensex jumped 298.92 points to end at 17138.11. Nifty ended above 5200 after 20th July,2012.
Among BSE Sectoral Indices, Power index gained the most by 3.48% followed by Realty 3.24%, Capital Goods 2.92% and Consumer durables' index by 2.6%.
In Nifty50 stocks, just 3 stocks declined today. Relinfra gained the most by 5.58% ended at 500.7. Ambujacem was the top loser by 1.21% which ended at 179.75.
Suzlon was the turnover topper by the volumes traded and ICICI Bank was by the traded value.
Advance/Decline ratio was positive to 1.85 : 1 ratio as 940 stocks gained and 507 stocks eclined today on NSE.


Nifty Outlook :
As discussed into previous blog, Nifty collapsed upto 5032.40 after breaking important level of 5165-5170. As an important event of RBI policy tomorrow, market will set the mood accordingly.
Nifty Aug Fut. support : 5140/ 5100
Resistance : 5248/5270
Bank Nifty Fut. support : 10400/ 10190(closing basis)
Resistance : 10510/ 10680


Major Global Indices :


Nikkei : +68.8
Hang Seng : +310.44
FTSE : +29.23
CAC : +30.78
DAX : +66.41
Dow Futures : -16.00
Nasdaq Futures : +0.5
Gold($) : 1619.77
Silver($) : 27.6930
USD/INR : 55.4380
EUR/INR : 67.9150
GBP/INR : 86.9860

Infy results pulled market down

12 July 2012 : Morning Market Updates


Infy results made market un-happy as Q1 Net Profit fell by 1.16% to 2289Crores (QoQ).The expected was 2448 crores.




Nifty Outlook : Technically, market is now in strong hands but as disclosed into previous blog, Nifty Fut. was trading in overbought zone and as expected we witnessed selling pressure on higher side. To hold long in Nifty fut., Nifty fut. should not close below 5270 otherwise downside upto 5170-5220 would be possible.


Immediate Support : 5270/5240
Immediate Resistance : 5310/5370


Major results ahead : TCS, HDFC Bank, Sterlite and Yesbank 

6 July Closing Market Updates

6 July Closing Market Updates 16:50
Today Nifty closed with a dip of 10.35 points at 5316.95 after making low of 5287.75.Whereas Sensex dropped 17.55 points to settle at 17521.12. Among BSE sectoral indices, FMCG and Bankex gained by 0.67% and 0.18% respectively.Realty index was the top loser by 1.20%. In Nifty50 stocks, ICICI Bank gained the most by 1.65% to close at 936.Jindalstel was the top loser by 3.45% and closed at 454.4.
LITL was the turnover topper by the traded quantity and SBI was by the traded value. Advance/Decline Ratio was negative as 885 stocks declined and 569 stocks gained today on NSE.


Nifty Outlook :


Yesterday, Nifty future was looking overbought around 5350-5354 levels and expected downward movement, which witnessed today for the whole day as Nifty failed to cross yesterday's high of 5354.5. On weekly chart, Nifty Fut. has resistance at around 5390-5400 levels. For the next week, Nifty should take support at 5390 and 5370 for targeting 5440 level. Consecutive closings above 5354 level will be considered as a strength in bullishness. On the other hand, result days are coming from the next week. Infy, TCS and HDFC bank announcing their Q1 results on 12th July and 13th July respectively.So we should keep an eye on major announcements by the foremost companies. Any unexpected worsen result may pull Nifty down to touch 5160 in a day trade, but in such panic situation the volumes and the day closing would be considered as vital tool to judge the further movement.


Nifty Fut  Resistance : 5370/5390
Nifty Support : 5290/5270


Global Cues :


Nikkei : -59.05
HangSeng : -8.49
FTSE : -0.11
CAC : -12.22
DAX : -22.76
Dow Futures : -19.00
Nasdaq Futures : -4.00
Gold : 1595.59 US$ / Oz
Silver : 27.47 US$/Oz
USD/INR : 55.4080
EUR/INR : 68.5870
GBP/INR : 86.1270
JPY/INR : 69.6700


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