Biggest fall in 16 months..Sensex collapsed nearly 855 points; Nifty tanked 251 points in a single session.

Sensex collapsed nearly 855 points; Nifty tanked 251 points in a single session, a biggest fall in 16 months. Nifty Fut hit a low of 8000 in early trades first time after 28th Oct 2014.

Indian shares joined a sell-off in global markets Tuesday as crude oil prices continued to fall and concerns of a slowdown in the global economy grew.

The S&P BSE Sensex fell 3.1% to 26,987.46 points, its biggest percentage fall since September 2013. The National Stock Exchange's Nifty index also fell 3% to 8,127.35.

The ATHEN INDEX COMPOS an index of Greece is down by 5.63% to 52 week low @ 789.2.The forthcoming European Central Bank (ECB) meet on 22nd Jan may discuss a stimulus programme but the ECB cannot go ahead and purchase Greek bonds ahead of a general elections in that country. Greece has come back to haunt the Euro-zone because of which the European Central Bank is caught in a tough situation said Nick Parsons, Head of Research ( UK and Europe).

Earlier Tuesday, oil prices extended their slump with both Brent and U.S. crude futures trading at 5-1/2-year lows amid concerns of a supply glut. Analysts said the sharp decline in energy prices has stoked concerns of deflation in many global economies.

Among CNX Sectoral indices, CNX PSU Bank index plunged the most by 4.12% followed by CNX Energy, down by 4.02%. All indices were down more than 1% each.
In Nifty50 stocks, 48 stocks closed in red, Jindalsteel was the top loser by 7.03% and Hindunilvr was the top gainer by 1.54% between two. Another gainer was coalindia which was marginally up by 0.07%.
IT giant, Infy was the turnover topper by the traded value and Unitech by the traded quantity.
Advance Decline ratio was far on negative (6.3 :1) as just 212 stocks gained against declined of 1341 on NSE today.

Nifty Outlook :

As posted in my previous post dated 26th Dec.2014, I had clearly stated that Nifty will continue to decline and it will have support around 8135 and at 8050. But as Nifty has not breached previous low of 8000 and closed above it's first support of 8135, we will hope for a recovery.

Nifty managed to close above 8200

A volatile session ended with a positive note. Nifty ended at 8200.7, up by 26.6 points and Sensex rose 33.17 points to close at 27241.78.
Among NSE sectoral indices,CNX PSU Bank rose the most by 1.32% whereas CNX FMCG declined the most by 0.68%.
In Nifty50 stocks, DLF was the top gainer, rose 3.27% to close at 135.95 and BHEL was the top loser by 1.3% to close at 251.25.
Gujratgas was the turnover topper by traded value and Unitech by the traded quantity on NSE today.
Advanced / decline ratio was almost 1:1 as 772 stocks gained while 739 stocks declined today on NSE.

Nifty Outlook :
As we have seen that Nifty has started declining from the very first day of December. As it's a part of correction, but it has broken a support of 8280 and made nearly a 2 months' low at 7961.35 after 21st October. Now Nifty has completed 61% retracement (8626.95 to 7961.35) and again it declined in last few sessions. In coming month, Q3 results and RBI policy will influence the market movement.
Support : 8135 / 8050
Resistance : 8280 / 8370

Market recovered from yesterday's losses

Market bounced in a last hour of the week on S&P upgrade. Sensex above 26600.

After three days' fall, market bounced back smartly as Global rating agency Standard & Poor's (S&P) has upgraded India's credit outlook to stable from negative. Nifty closed at 7968.85 with a gain of 57 points and Sensex jumped 157.96 points to close at 26626.32. Nifty recovered nearly 127 points from the day's low of 7841.8.

In sectoral indices, only 3 indices closed into negative which were CNX FMCG(-0.88%), CNX Media(-0.46%) & CNX IT(-0.43%) whereas CNX PSU Bank rose the most by 3.07% followed by CNX Metal(2.7%), CNX Realty (2.4%), CNX Commodities (2.12%).

In Nifty50 stocks, Hindalco gained the most by 6.27% to close at 158.5 and DrReddy was the top loser by 2.56% fall and ended at 3225.75. JPAssociat was the turnover topper by the traded quantity and Sunpharma by the traded value. Advance / Decline ratio was positive as 866 stocks gained and 692 stocks declined today on NSE.

Nifty Outlook : 

(Spot)Nifty is trading still in a bearish mode and may touch 8040-8095 in continuation with today's rally. On daily chart, Nifty has a strong resistance at 8155 and a good support at 7790 and 7720.

Highest weekly closing ever for Nifty.

Lower inflation figures and positive start on European kept Indian equity market sustained on a higher note. Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. 
Nifty gained 52.15 points to end up at 7791.7, highest on weekly closing basis and Sensex closed at 26103.23, up by 184.28.

All sectoral indices on NSE closed in positive except CNX IT and CNX Media which was the top loser by 0.23% whereas CNX Metal index rose the most by 1.92%.

In Nifty50 stocks, Heromotoco was the top loser by 2.51% which ended at 2514 and Jindalstel was the top gainer by 3.27% and closed at 284.1.

Unitech was the turnover topper by the traded quantity and Tatasteel by the value traded today on NSE.

Advance decline ratio was positive as 737 stocks gained and 414 stocks declined and 18 remained unchanged on NSE today.

Nifty Outlook :

Nifty has closed on the highest level ever on weekly basis ahead of longer weekend. It has closed above the 61.8% retracement from 7840.95 high made on 25th July and the low of 7540 marked on 8th Aug. 7840-7850 may be the hurdle for it's Northward journey ahead and 7760 will be the immediate support as well. Finding opportunities in every dip is advisable. Bottom fishing will be advised at around 7640 or 7590 levels with a strict stop at trend reversal level of 7490.

Sadanand Gowda's maiden Rail Budget derailed the market. Nifty crashed 210 points.

The Rail Budget failed to live up to market expectations and investors preferred to book profits after a sharp rally seen in most of these stocks so far in the year 2014. However, news of FDI in railways announced by the Railway Minster failed to cheer the Street and railway-related stocks, but that is one step which is in the right direction. 
Nifty tumbled by 184.3 points to end up at 7602.85 from the day's high of 7807.05. Sensex collapsed 578.32 points to end at 25521.76. Nifty traveled into three centuries from 7800 at the beginning to dip below 7600 mark at the time of closing. In Nifty50 stocks, just two stocks gained, Sunpharma(+0.62%) & ITC(+0.06%). DLF was the top loser by 8.53%.
In CNX Sectoral Indices, CNX Realty was the top loser by 7.35% followed by CNX Infra(5.22%), CNX PSE(5.05%).
Most of railway-related stocks dipped into the red after opening on a strong note. Texmaco Rail and Engineering was the top most loser among the railway-related stocks. The stock plunged a little over 13 per cent in trade post the announcement of the Budget.

Nifty Outlook :
In the last blog dated 27th June, 2014, we had expected about the smart rally if sustained above 7540 and similarly, Nifty has geared up above the level on the June 30th. 
As we are into the influencing time, the investors are staying cautious and keen on booking profits. Union Budget on Thursday, i.e. 10th July and start of quarterly result session from Infy(11th July) will definitely affect the market but hopefully not the sentiment. Spot Nifty has an important support at 7510 on daily closing basis whereas immediate trading trendline support will be at 7570 (considering 5 mins chart since 23rd June. Instantly, upside resistance will be at 7670.

Market ended flat. Nifty above 7500 & Sensex above 25 k mark.

Markets held the positiveness on the last day of the week and the first day of July month derivative expiry. Nifty ended at 7512.25, up 19.05 points and Sensex gained 48.44 points to close at 25111.11 as Brent crude fell below $113 a barrel on Friday, on track for its biggest weekly loss since January as investors unwound positions on reduced concerns over exports from strife-torn Iraq. 

Among CNX sectorial indices, CNX Pharma gained the most by 2.77% followed by CNX IT(2.51%) whereas Metal index was the top loser by 1.37%. 

In Nifty50 stocks, TechM was the top gainer by 4.09% gain and Mcdowell-n hit the worst by 3.77%.

Advance Decline ratio was slightly on positive side as 620 stocks gained and 538 stocks declined on NSE today.

Nifty Outlook : Nifty is trading into a specific range and depending on many factors to come in next month; i.e. very first budget by Hon FM Mr.Arun Jaitley of a new Govt. which will be announced on 10th July and corporate results which may commence with IT giant Infy on July 12. Also we must not ignore the scarcity of water all over the nation if monsoon won't arrive soon. Technically speaking, spot nifty has a good support at 7440 as well as a resistance at 7660-7680 level. In the month of June, nifty's trend was declining and reduced the broad range of 240 points to 50 points from 7540 & 7490. So any breakthrough above or below these levels leads to a smart rally considering the above mentioned supports.

Chart 1 Nifty June

Downside continues, Nifty tested 7120

Market continued a pessimism as it gave negative closing for the third consecutive session. Today Nifty tried to maintain into green but last half an hour it witnessed profit booking and lost the positiveness.
Sensex lost 39.71 and Nifty50 slipped by 10.65 points and ended at 24194.44 and 7225respectively. Adjusted closings were 24217.34(-16.81) & 7229.95(-5.7). Among NSE Sectoral indices, CNX PSU Bank index which was down by 2.68% and Banknifty which turned to negative by 1.58% hit the market and pulled down the overall benchmark. Hindunilever was the top gainer among Nifty50 stocks, closed at 597.3 with up 7.34%. Bankbaroda was the top loser by 4.2%, closed at 840.
Advance Decline ratio was on negative side as 560 stocks gained and 604 stocks declined today on NSE. Tatamotors was the turnover topper by the quantity traded and ICICIBank by the traded value for today on NSE.

Nifty Outlook :
Market is wait n watch mood. Nifty tumbled nearly 386 points in this week(High of 7504 and today's low 7118.45). Nifty made a weekly high of 7504 in the very first day of the week and profit booking threw the market to settle at 7359 on the same day. May expiry (which contained 24 sessions which is usually on highest side after excluding 1st May and election holiday) resulted into winding up long positions as premium eroded from 35-45 points to 5 rupees at the time of today's clsoing. Nifty Fut ended at 7230 whereas spot Nifty ended at 7225. Nifty has set some resistances on its own in recent swings. Major support for the Nifty is at 7040 to 7000 levels. Q1 FY2014-15 results will be announced by 2nd June and new cabinet actions will guide the market direction.
Major Supports : 7040                                                                             Major Resistance : 7340 
Immediate Support : 7190                                                                        Immediate Resistance : 7270.

Nifty closed above 7000 mark, Sensex above 23500.. Is this a new beginning ??

Another tide for market to close at new all time high.
Nifty gained 155.45 points to close at 7014.25 and Sensex zoomed 556.77 points to record new closing high of 23551.00.
Coal India was the top gainer among Nifty50 stocks, rose 6.11% whereas Mcdowell-n was the top loser by 2.72%.
All among CNX sectoral indices, all the indices closed into green except CNX Pharma.
CPSE index gained the most by 3.98% led by Coalindia, IOC and PFC; followed by PSE(3.25%), Energy(3.05%) and Media(3.0%)
Advance decline ratio was marginally on positive side as 566 stocks gained and 483 stocks declined and 49 remained unchanged today on NSE.

Nifty Outlook :

Last two session, we have witnessed a massive all rounded rally on the bourses. But Nifty May Fut have recorded a 20% lesser volume than of Friday, 9th May. As we are into a zone of new highs, no barriers will be set for the Nifty technically, but 7135-7240 level will be the level where we must book our extended profits.In last week, Nifty has taken support from 6640 level, mentioned on our page on faebook https://www.facebook.com/pages/Integrity-Financial-Consultants/262737967138245
Major support : 6700-6640

Possibility of NDA gaining majority with figure around 270-300 will definitely set a trigger for market but we must remember that market has already discounted the thing.
Another possibility of hand in hand position with BSP/ SP or TCP, in that case, I personally feel no one will agree on NAMO as PM. President of BSP will show her eagerness for Sushmaji instead as BSP president wont be ready for Rjnathji as he may prove his power against her in UP.
In case of SP, all cards will be played in blind !. Nothing different with the unpredictable woman of Bengal, Ms.Banerjee. Speaking with AIADMK, it will become dominant if gets 22-27 sets but another possibility of staying back in TN, she will support BJP and demand for a special robust package. Or we never know she may be the new limelight face for PM.
Our expectations on results :

	STATE	SEATS	CONG	BJP	NDA         Allies	Others
1	ANDHRA PRADESH	42	4	4	14	20
2	ARUNACHAL PRADESH	2	1	1		0
3	ASSAM	14	7	5		2
4	BIHAR	40	2	22	5	11
5	CHHATTISGARH	11	2	9		0
6	DELHI	7	0	6		1
7	GOA	2	1	1		0
8	GUJRAT	26	2	24		0
9	HARYANA	10	3	5	1	1
10	HIMACHAL PRADESH	4	1	3		0
11	J&K	6	2	2		2
12	JHARKHAND	14	1	10		3
13	KARNATAKA	28	11	16		1
14	KERALA	20	8	1		11
15	MP	29	3	26		0
16	MAHARASHTRA	48	8	20	16	4
17	MANIPUR	2	2	0		0
18	MEGHALAY	2	1	0		1
19	MIZORAM	1	1	0		0
20	NAGALAND	1	1	0		0
21	ORRISA	21	3	5		13
22	PUNJAB	13	5	3	5	0
23	RAJASTHAN	25	1	24		0
24	SIKKIM	1	0	0		1
25	TAMILNADU	39	1	2	5	31
26	TRIPURA	2	0	0		2
27	UTTARAKHAND	5	1	4		0
28	UP	80	8	40		32
29	WB	42	4	2		36
30	ANDMAN & NICOBAR	1	0	1		0
31	CHANDIGARH	1	0	1		0
32	DADRA & NAGAR HAVELI	1	0	1		0
33	DAMAN DIU	1	0	1		0
34	LAKSHDWEEP	1	1	0		0
35	PUDDUCHERRY	1	0	0		1
		543	85	239	46	173

Nifty failed to hold above 6300 mark, Sensex maintained to stay above 21k.

The Indian equity market ended the day with losses on Friday after the rupee hit over five week low against the US Dollar. Rupee depreciated almost 20 paise in the post noon session and ended at 61.5350 versus US$.The US dollar faded marginally after a mixed bag of US economic data. Also, IT & banking dragged the market after flat start. Nifty closed at 6261.55, down by 57.25 points and Sensex slipped 201.56 points to end at 21063.62.
All the NSE Sectoral indices closed into red and the leader was CNX Realty by 2.58% followed by CNXIT by 2.4%.
In Nifty50 stocks, BPCL gained the most by 2.92% whereas TCS plunged by 5.5% on announcing Q3 results.
Unitech was the turnover topper by the traded quantity and Infy by the traded value.
Advance/Decline ratio was at 3:1 as 1071 stocks declined and 355 stocks gained today on NSE.

Nifty Outlook :

As described in the last blog, Nifty did not break 6140 level and stayed into Northward journey. Also test the upper resistance of 6335 but again failed to close above it. Nifty should give next weekly close above 6255 to maintain the uptrend.
Important Support : 6181 / 6220
Important Resistance : 6290 / 6335

Infy results failed to pump steam into the market

Infy beat the market expectations as it reported Q3 profits to 2875 cr and Sales 13026 cr vs 12965 QoQ but could not helped the market to retain it's gain as market closed with a minor gains. Nifty gained 3.1 points to close at 6171.45 whereas Sensex was up by 45.12 points and closed at 20758.49.
Among CNX Sectoral Indices, CNX IT gained the most 2.16% and CNX PSU Bank was the top loser by 1.74%. In Nifty50 stocks, Infy gained the most by 3.05% and closed at 3556 after close to a new high of 3580.5. Indusind bank was the top loser by 3.17% ; closed at 403.6as it's NPA% rose in the last quarter.
Manappuram was the turnover topper by the traded quantity and Infy by the traded value.
Advance/Decline ratio was negative as 699 stocks declined and 225 stocks gained today on NSE.

Nifty Outlook :
6120-6140 can be considered as a strong support for further pull back rally eases upto 6230 level. Any political movement or an quiver Q3 results may set the direction for shorter term.
Important Support : 6120
Important Resistance : 6230

Fear of QE Tapering tapered and fueled the sentiment to give a smart bounceback. Sensex closed over 21k mark; Nifty gained with a three digit.

The S&P BSE Sensex rallied 371.1 points to close at 21079.72 as experts are discounting the impact of the $10 billion QE taper. The rally in the market was led by gains in Reliance Industries and HDFC. All round buying across all the sectors, pulled the broad based Nifty50  with a 107.6 points to close 6,274.25 level as institutional investors bought stocks across the board as their concerns eased after the RBI policy and US Fed meet. 

All CNX Sectoral Indices closed positive. CNX Energy gained the most by 3.56% followed by CNX Realty(2.84%), CNX PSE(2.26%) and Auto by 2.04%.

Reliance gained the most by 4.82% to close at 895.25 whereas SSLT was the top loser by 1.32% which closed at 202.2.

Unitech was the turnover topper by the traded quantity and Techm by the traded value on NSE.

Advance decline ratio was positive as 774 stocks gained and 325 declined today on NSE.

Nifty Outlook :

As published into previous blog, Nifty took good support at around 6140 and recovered 135 points on weekly closing. Now it is interesting to watch whether Nifty crosses 6340-6360 levels to move ahead. Just 2 days before Dec.2013 derivative expiry, Nifty Dec fut was closing with nearly 25 points premium and can be considered this is because of short covering in the specific expiry. Some volatility will be there because of this expiry on next week.

Immediate support : 6210 / 6140

Immediate Resistance : 6335 / 6360 / 6420

Discouraging IIP nos and rising inflation and RBI rate hike worries drag down the market for the forth day in a row

Sensex dropped by 210.03 points to close at 20715.58 and Nifty ended at 6168.4, losing 68.65 points. Nifty corrected nearly 254 points from it's all time high in just 5 sessions on higher inflation, poor IIP numbers and fear of rate hike by RBI Governor as mid-quarter review of monetary policy 2013-2014 is scheduled on 18th Dec.

Industrial production, represented by IIP, contracted more than forecast to negative 1.8% in October as against market expectation of negative 1.2%. In September, IIP grew at 2%. On the other hand, consumer price inflation rose further in November 2013 to 11.24% from revised 10.17% in October. At 11.24%, retail inflation was sharply higher than market expectations of 10%. CPI inflation for October has been revised upward from earlier estimate of 10.1%.

All the NCX sectoral indices closed into red and CNX PSU Bank index was the top loser by 2.49% followed by BankNifty(2.31%) and CNX Finance(2.22%)

In Nifty50 stocks, Tatamotor was the major gainer by 2.73% and closed at 370.3 whereas JPAssociat was the top loser by 5.26% and closed at 51.35.

JPAssociat was the turnover topper by the traded quantity and ICICIbank by the traded value on NSE.

Advance decline ratio was negative at 3.93 : 1 as 712 stocks declined and just 181 gained today on NSE.

   Mr.Rajan said economic growth was weak and inflation was high, which was a cause for concern. Both monetary and fiscal policies were essential to tackle inflationary pressures, he said. Regarding the fiscal policy, Rajan said the Finance Minister had laid down a road map that is expected to keep the fiscal situation under control. The government's fiscal deficit target is 4.8 per cent of GDP in this financial year. Aligning diesel prices with international rates would definitely control the fiscal deficit, the Governor said. "In the short term, hiking diesel prices will have an inflationary impact. But in the long run, this will lead to deficit reduction," he observed. 

Nifty Outlook :

Spot Nifty has given a negative closing on weekly basis even after making new high of 6415.25 on the 1st day of the week. Now Nifty should sustain above 6140 or give close above the level for the next week to continue this uptrend. Market will be volatile and the movement will be depend on RBI mid quarter policy outcome and Tapering in bond purchase in the U.S. and definitely this will direct the market in coming weeks.

Immediate Support : 6140

Immediate Resistance : 6190

Nifty closed positive 1st time after 3rd Nov.2013 on lower CAD estimates by Mr.R Rajan

    Guidance on lower CAD at around $56 Billions this year by the Governor Mr.R. Rajan yesterday, pulled Indian markets to close with a positive note after getting beaten 7 sessions consecutively. 

    Nifty closed positive for the first time after 3rd Nov.2013. Nifty opened with a gap up and touched a high of 6101.65 but inflation data impacted and reduced the gains. Nifty closed at 6056.15 adding 66.55 points to it's last closing, 5989.60. Sensex gained 199.04 points to settle at 20393.44. 

    All the sectoral indices gained today except CNX Pharma Index.CNX Auto was the top gainer by 3% followed by Banknifty, CNXRealty, CNX PSUBanks, CNX Infra & CNX Finance which rose by more than 2%. CNX pharma was down by 0.76%.

In Nifty50 stocks, Axisbank was the top gainer by 6.06% rise which closed at 1093.05. CoalIndia was the top loser by 3.54%, closed at 275. JPAssociat was the turnover topper by the traded quantity and Tatasteel by the  traded value today on NSE.

    October WPI inflation rose to 7 percent, from September's 6.46 percent. Meanwhile, the August WPI inflation has been revised upwards to 6.99 percent from a provisional figure of 6.1 percent, following which bond yields moved up.   The October number is at its highest level since February. 

Onions continue to cause the largest dent even though food articles inflation came off to 18.19 percent from 18.40 percent in the previous month. 

    Manufacturing products, which occupy largest share in the inflationary basket, jumped to 2.50 percent versus 2.03 percent month-on-month. While non-food articles index moved down slightly, the core inflation rose to 2.6 percent from 

2.1 percent in the previous month.

Nifty Outlook :

As stated into earlier blog, breaching a level of 6160 was considered negative for a short term and we have seen more than 5% fall from it's highest closing of 6317.35 to yesterday's closing of 5989.6.

Now 5900 to 5890 will be considered as a good support level if market wants to sustain in the bull run.Again 6170-6190 would be major resistance zone to sustain above.

Important Support : 5970 / 5910

Important Resistance : 6140 / 6190

Report of the meeting held on 13th Nov.2013 by Mr.R.Rajan
MUMBAI: Seeking to calm currency markets, the Reserve Bank today said the current account deficit in 2013-14 will be $ 56 billion-- much lower than the quantum projected earlier-- and there is no fundamental reason for rupee depreciation. "Our estimates now is that CAD this year will be $ 56 billion, less than 3 per cent of GDP and $ 32 billion less than last year.... Of course, some of that compression comes of our strong measures to curb gold import," RBI Governor Raghuram Rajan said at a hurriedly called press conference.
The current account deficit (CAD), which is the difference between outflow and inflow of foreign exchange, touched an all-time high of $ 88.2 billion or 4.8 per cent of the GDP in 2012-13. Earlier, the government had projected the CAD in the current fiscal at $ 70 billion, which was revised downwards to $ 60 billion by Finance Minister P Chidambaram on back of declining gold imports and recovery in exports. Referring to the recent decline in the value of rupee, the RBI chief said there is "no fundamental reason for volatility in the exchange rate". 
Continuing its slide for the sixth straight day, the rupee lost 17 paise to trade at a fresh two-month low of 63.88 in early trade on strong dollar demand from importers.
Rajan further said RBI was weighing various options to contain exchange rate volatility and would come out with 'appropriate' steps in the future.

Sensex recorded a new high.Closed at highest ever level along with Nifty 6307.2

Sensex hit a new high of 21293.88 and closed at 21196.81 gaining 32.29 points where as spot Nifty closed at record high at 6307.2 but failed to cross it's previous high of 6357.1 made on 8th Jan 2008. Today, Nifty gained just 8.05 points after touching 6332.6. 
Among CNX sectoral indices, CNX PSU Bank index gained the most by 4.57% whereas CNX FMCG was the top loser by 1.26%
In Nifty50 stocks, IDFC gained the most by 6.48% and closed at 112.6. Top loser was Powergrid which lost 3.41% and ended at 97.85.
Advance/Decline ratio was positive by 2.06 : 1 as 604 stocks gained and 292 stocks declined today on NSE.

Nifty Outlook :

Foreign investors bought Indian shares worth 18.75 billion rupees on Thursday, their biggest single day purchase since May 21, remaining net buyers for a 20th consecutive session, bringing their total buying to nearly 181.92 billion rupees during that period.

Nifty November series has maintained the premium of nearly 50 points. Technically speaking, spot Nifty should hold 6340 level for consecutive 2-3 sessions for more bull run. But an opportunity rises if Nifty corrects to 6150 level thereafter. Avoid short selling but buy in dips considering 6110 as a closing stop.

Important Support : 6280

Importance Resistance : 6370

Special session on Sunday, 3rd Nov. from 1815 to 1930 hours in Equity and from 1800 to 2000 hours for MCX & NCDEX.

SENSEX CLOSED AT ALL TIME HIGH with a record high turnover of Rs.500 crores.

Spot Nifty hit 6300 first time after Nov.2010 and with record highest turnover of Rs.5000000000000. PSU Banks were the major lead engines. Sensex closed at an all time high but failed to cross an all time high. Special trading session on Sunday, 3rd Nov.2013 from 18:15 to 19:30.

Nifty at 35 months' high, hit 6200 mark and Sensex near 21000.

All round buying seen in market and market soared to indicate to touch its new highs. Nifty hit 6201.45 but closed at 6189.35, jumped 2.37% or 143.5 points; a high of 35 months, first time after 11 Nov 2010. Sensex zoomed 467.38 points to close at 20882.89. All the CNX sectoral indices closed into positive. Banknifty was the highest gainer by 3.95% rise followed by CNX Finance(3.54%), Metal(3.34%) amd Realty(3.04%).
In Nifty50 stocks, Bajaj-Auto was the only loser by 0.02%, closed at 2152.95 and Indusindbk gained the most by 6.39% to close at 414. Advance/Decline ratio was positive at 1.66 : 1 as 727 stocks gained and 437 stocks declined today on NSE.

Nifty Outlook :

Nifty gained 93.15 points wow basis. Technically, spot Nifty has a resistance around 6220-6230 in the coming week and if sustains above, may touch 6370 in coming weeks but its too bold to state as Federal Bank meeting, RBI policy and Oct month contract expiry will be laid down on 30th and 31st. Consider 6030-6020 is the strong closing basis support level to hold long in Nifty.
Important Resistance : 6230 / 6370
Important Support : 6120 / 6030

Can anyone think to buy these stocks in near future ?

Can anyone think to buy these stocks in near future ? 

Technically, STC strictly above 148 or corrects upto 120-125 and MMTC above 51.5(closing).

STC India : Life Time High 1661.45(16/11/2007)
Year High : 262.85(09/10/2012), Year Low 71.05(06/08/2013)
State Trading Corporation of India Ltd is an international trading company owned by Government of India. The company is involved in the export, import and domestic trading of a range of products, both agricultural and non-agricultural commodities. They exports foodgrain, castor oil, coffee, cashew and tea and imports bullion, vanaspati and edible oils, pulses, hydro-carbons, metals and minerals and fertilizers. The company has one subsidiary, namely STCL Ltd (formerly known as Spice Trading Corporation of India Ltd). State Trading Corporation of India Ltd was incorporated in the year 1956. During the year early years, the company dealt with the East European countries, but now they trade with almost all the countries of the world. The company was developed vast expertise in handling bulk international trade. During the year 1994-95, the company started trading items rice, wheat, coffee, Indian-made foreign liquor, sandalwood and oil and during the year 1995-96, they entered into new area of business like direct import of fertilisers, non-ferrous metals and kerosene oil. In domestic trading, they expanded their activities in areas like rice, wheat, coffee, cashew, tobacco and rubber. During the year 2001-02, the company entered into sugar export business after a gap of two years and exported sugar Sri Lanka, Indonesia and Sudan. During the year 2002-03, the company's entire shareholding in Tea Trading Corporation of India Ltd was transferred to Projects & Equipment Corporation, a public sector undertaking under the Ministry of Commerce, at a notional price of Re 1 with effect from April 28, 2003. During the year 2003-04, the company signed a MoU with India Household and Healthcare Ltd, the sole licensee LG Care, Korea in India, in which the company imports LG Care, FMCG products like detergents, soaps, shampoos, tooth pastes, cleaning products, hair gels etc at different ports for distribution all over India by IHHL. During the year 2004-05, the company singed a MoU with Mysore Minerals Ltd for export of iron ore fines on 50:50 profit sharing basis. Also, the company forayed into import of FMCG Goods and IT products. During this period, the company launched retail sale pf imported gold coins in denominations of 5 gm and 10 gm from their corporate office building at New Delhi. During the year 2005-06, the company entered into domestic supply of various raw materials such as iron ore, steel, coke, chemicals, etc. they executed the highest ever contract (Rs 800 crore) for supply of 1.9 million MTs of thermal coal to NTPC during the year. The company also entered into oilseeds market and purchased soyabean and mustard seeds worth Rs 29 crore. The Corporation also procured, for the first time, about 10,000 MT of castor seeds valuing Rs 15 crore for sale in the domestic market. During the year 2007-08, the company signed an offset agreement with CFM, Boeing and GE for monitoring offset obligation of USD 69 million, 1.25 billion and 100 million respectively. They acquired a plot of land at Paradip port for facilitating iron ore exports a plot of land at Paradip port for facilitating iron ore exports and also applied for allotment of plot at Haldia Port. The company started tea operations in Nilgiri district of Tamil Nadu. They also launched domestic sale of tea in own brand 'Tohfa' to Gujarat State Civil Supplies Corporation for supply through PDS. During this period, the company signed a MoU with company specializing in Research & Development activities on improving the yield of Jatropha plants for production of bio-diesel. The company is in the processof starting trial cultivation of bio-engineered, high yielding of jatropha in Namibia on an area of about 25 hectares. They are in talks to grow crop in Indonesia as part of a move to raise output of the bio-diesel feedstock. The company got second rank among trading companies of India and achieved first runner up position in the Multi Category sector under the Large exporters' category for the D&B-ECGC Indian Exporters' Excellence Awards. The company was selected for MoU Excellence Award for the year 2006-07 by the Department of Public Enterprises. Also, the company was awarded 'International Trade House of the year Award (2007-08)' sponsored jointly by DHL and CNBC TV18. The company through their subsidiary STCL Ltd set up a Chilli Processing plant at Byadagi in Karnataka. They also set up two more plants for pepper processing and Chilli Sterlisation in Siddapur, Karnataka and Chhindawara, Madhya Pradesh respectively. The company in a joint venture with NAFED and STCL Ltd is setting up a Food Testing Laboratory at Chindwara in Madhya Pradesh. 


MMTC : Life Time High 1965(1/01/2010)
Year High : 776.8(02/11/2012), Year Low 37.15(05/08/2013)
MMTC Limited (MMTC) is one of the two highest foreign exchange earners for India and a leading international trading company was incorporated on 26th September 1963. A 'Five Star Export House' status company is engaged in trading of Minerals, Precious Metals, Metals, Coal & Hydro Carbons, Fertilizers and Agro products. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures and Link Deals, all modern day tools of international trading. The Company has vast international trade network, which includes a wholly owned international subsidiary in Singapore, also spans almost in all countries in Asia, Europe, Africa, Oceania and Americas. The Company had commenced its operation on 1st October of the incorporation year itself. MMTC made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania in the year of 1994. Also in the same year, the company had commenced import of gold and silver against special import license for supply to the customers in the domestic area. The wholly owned subsidiary MMTC Transnational Pte Ltd, Singapore was incorporated under the control of company in the year 1994 itself. During the year 1995, MMTC opened a duty-free jewellery show room at Sahar International Port and a Memorandum of Understanding was signed with the government of Orissa for development of existing Gopalpur minor port into a all-weather, deep water and direct berthing port. In the same year, Board for Industrial & Financial Reconstruction (BIFR) had approved the scheme of merger-cum-amalgamation of Mica Trading Corporation of India Limited (MITCO) with MMTC. From the year 1996 onwards, the company started to import the Chemical items and Homeopathic Medicines. MMTC had signed a MoU with the Department of Commerce under Ministry of Commerce and Industry during the year 2001 for its various applications. The Company had opened a new outlet at Thiruvananthapuram as a duty free business in the year of 2002 and also in the same year unveiled a new line of silverware, Sanchi-Silver in Style. During the year 2003, MMTC had acquired Rs. 800 crore deals from Japanese and South Korean companies for the supply of iron ore. In the identical year of 2003, the joint venture with the Orissa government namely Neelchal Ispat Nigam Ltd was emerged as the second largest exporter of pig iron from the country. The Company was ranked in Trading Sector by Business Standard in their publication BS 1000 'India's Corporate Giants' released in December 2006 and also noted as Top Company in the trading sector for the D&B by coveted American Express Corporate Award 2006. MMTC bagged a gold trophy for top Exporter for the Year 2006-07 in Merchant Exporter category by Engineering Export Promotion Council of India (EEPC) and also CAPEXIL highest export award for highest export of minerals for the year 2006-07, (16th time in a row). The 15 MW wind farms of the company were commissioned in March of the year 2007 at Karnataka. In The year 2007, MMTC had received government approval for acquiring an equity stake in the consortium, which has undertaken the project for construction of a permanent iron ore-loading berth at Ennore to decongest Chennai port. Aiming at diversification and with a view to add value to its existing trading operations, the company has undertaken various strategic initiatives during the year 2007-08 following public- private partnership route, effectively integrating vertically, both backwards and forwards, to encompass the entire gamut of the product process starting from the stage of manufacture and ending with distribution to the ultimate consumer. The Company had inked an agreement with Swiss metal company PAMP to set up a gold refinery in Sohna during March of the year 2008.

Disclaimer :
Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the integrity or its staff.
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/adviser. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.    The information shared in this blog/website may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.

Market ended flat with low volumes, eyeing on Q2 results starting next week

Market was flat with low volumes today. Nifty tested 5950 in the day trade but could not sustain and closed at 5907.3 with marginal loss of 2.4 points. Sensex gained by just 13.88 points to close at 19915.95. Market is concerned about the Q2 results' session starting by next Friday with the IT giant Infy.
Among CNX sectoral indices, CNX Realty was the top gainer by 1.62% whereas CNX PSU Bank was the top loser by 0.56% today. In Nifty stocks, Hindalco was the top gainer by 2.47% and closed at 118.4. DrReddy was the top loser, dropped by 2.47% and closed at 2369.85. Advance/Decline ratio bent over on negative side as 443 stocks declined and 402 gained today on NSE.

Nifty Outlook : Nifty touched 5700 in this week and bounced nearly 250 points thereafter. Q2 results session will start by IT giant, Infy which will announce their results on Friday,11th. Very important, the US$/INR have a strong support around 60.4-61 and from where it may bounce back, considering all these factors, market will be stuffed with a high volatility in coming weeks.
Important Support : 5720/ 5590
Important Resistance : 5950/ 6020

Calm before a twister ?

After nearly 6200 points' volatility in last couple of months, market remained lackluster this week. Today, Sensex closed at 19710.04 with 183.81 points down and Nifty closed at 5833.20, down by 49.05 points.
Among CNX Sectoral Indices, just three were into positive and CNX IT gained the most by just 0.12%. Top loser was CNX PSU Bank index by the 2.08%. In Nifty50 stocks, BPCL was the top gainer by 6.03% and closed at 327.85 and BHEL was the top loser by 5.61% which closed at 142.3. JPAssociat was the turnover topper by the traded quantity and McDowell-n by the traded value. Advance/Decline ratio was negative as 646 stocks turned to red and 520 were in green territory.

Nifty Outlook :

As stated in last week's blog, Nifty corrected nearly 2% after breaking the support level of 5930. Now we must consider the chances to test 5680 and 5460 levels in worst scenario if Nifty could not hold and sustain above 5770. Second quarter results will decide the trend more specifically in coming weeks.
Important Support : 5770
Important Resistance : 5995

Note : Investors can send their queries about their investments or portfolio or any stock specific query on our page on Facebook.