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Panic continued on D-lal street.Nifty broke yesterday's low.

9th May 2012 Closing Market Updates 15:45

Selling continued in Indian equity markets after falling more than 2% yesterday. Weak global indices made our opening weak. Nifty made a day high of 5016.25 but weak INR against US$ pushed Nifty to trade in negative territory for the remaining session. At the time of making low of 4956.45, Nifty May Future premium eroded and traded into discount. Nifty May future made a low of 4954.95. Spot Nifty ended at 4974.75 by losing 25.20 points whereas Sensex lost 63.69 points and ended at 16482.49
Nifty immediate support at 4950 and resistance at 5027.


Among BSE Sectoral Indices, Realty index was the top loser by shedding 2.96% and FMCG index was the top gainer by 2.69%.
In Nifty50 stocks, ITC gained the most by 5.69%  and ended at 239.8. JPAssociat was the top loser by 5.3% and ended at 60.7.
LITL was the turnover topper by the traded quantity and SBIN by the traded value on NSE.
Advance/Decline ratio was negative in the ratio of 2.46:1 as 415 stocks gained and 1022 stocks declined today on NSE.


Major Global Indices :


Nikkei : -136.59
Hang Seng : -154.11
FTSE : -21.74
CAC : -14.18
DAX : +5.86
Dow Futures : -60.00
Nasdaq Futures : -15.75

Panic on द लाल street.Nifty ended below 5k mark, Sensex at 16500

Blood bath on the D Lal street, Nifty fell to 4983.60 broke yesterday's low and ended at 4986.20 losing 127.95 points. Sensex made investors senseless after shedding 404.83 points today and closed at 16507.88.
Now next support for spot Nifty is 4880 and 4755. Momentum traders should go long if spot Nifty crosses 5025 for the immediate target of 5050 and 5072. Nifty has tested level of 19 Jan.2012.


All BSE Sectoral Indices closed into negative. Capital Goods' index was the top loser by 3.44% fall followed by IT(3.09%).
In Nifty50 stocks, Hindalco was the top gainer by 1.51% and ended at 117.4 whereas JPAssociat was the top loser by 8.77% and ended at 63.45.
LITL was the turnover topper by the quantity traded and SBIN by the traded value.
Advance/Decline ratio was negative in the ratio of 2.24:1 as 986 stocks declined and 441 stocks gained today on NSE.


Major Global Indices :


Nikkei : +62.51
Hang Seng : -51.9
FTSE : -12.97
CAC : -55.58
DAX : -51.54
Dow Futures : -70.00
Nasdaq Futures : -18.00

Pranab softens Budget blow, defers GAAR to 2013-14

7th May 2012,Closing Market Updates :

Indian equity markets fell in the early session today on global turmoil but after the clarification by Hon.Fin.Min. Pranab Mukherjee that GAAR will be applicable after Apr.2013, market ignored European market losses and recovered to end into positive.
Nifty recovered nearly 136 points from its bottom to end at 5123.4 by gaining 36.55 from last closing. Sensex dipped to 16513.7 and ended at 16933.76 with 102.68 points on positive side.
As avoided short into morning blog, Nifty(May Fut) not fell below 5000 mark and gave a smart recovery upto 5139.5. Spot Nifty may touch 5170-5180 in coming sessions on pullback rally.
Among BSE sectoral indices, Capital Goods' index was the top gainer by 3.62% while FMCG was the top loser by 0.59%.
In Nifty50 stocks, BHEL was the top gainer by 5.75% and ended at 226.35.Cairn was the top loser by 2.39%   ended up at 325.
Unitech was the turnover topper by the quantity traded and SBIN by the traded value on NSE today.
Advance/Decline ratio was positive as 732 stocks gained and 671 stocks declined today on NSE.


Major World Indices : 


Hang Seng : -549.35
Nikkei : -261.11
FTSE : -111.49
CAC : -8.89
DAX : -53.66
Dow Futures : -60.00
Nasdaq Futures : -14.00

Nifty below 5000, Sensex near 15500

7th May 2012 Morning Market Updates :


Indian markets opened with gap down as Asian jumbos opened more than 2% on lower side.Nifty tested 5000 level and may test 4970, still we strongly recommend not to short at this level, but you can hold previous short positions in Nifty with a trailing (EOD) stop of 5050. 



Asian shares tumbled Monday as investors reacted to data that raised fresh fears about the health of the U.S. economy and European elections that added to jitters about the euro zone’s future.
    “Worries about a double-dip recession in the U.S. ... were compounded by election results in Europe. The [poll] results weren’t surprising, but they just add to the uncertainty,” said Shane Oliver, head of investment strategy at AMP Capital.
    In Tokyo, which had been closed since Wednesday, Japan’s Nikkei  plunged 2.6%.Hong Kong’s Hang Sang Index fell 2.5%, although the Shanghai Composite Index lost a more modest 0.3%.

Australia’s S&P/ASX 200 index dropped 1.9%, while South Korea’s Kospi fell 1.7%.

    The losses came after Wall Street fell sharply Friday, reacting to data showing just 115,000 jobs were added to the U.S. economy last month, well below the 163,000 job additions that had been penciled in by economists.        

    Weekend elections in France and Greece added to pressure on stocks and commodities Monday.

    In France, polls indicated that President Nicolas Sarkozy had lost to Socialist challenger Francois Hollande, who had indicated he wants to renegotiate Europe’s fiscal compact and its tough budget rules.

    In Greece, exit polls showed that the center-right New Democracy Party and the center-left Pasok party — both supporters of the country’s most recent bailout — took a drubbing.

Sensex breached 17k mark & Nifty closed below 5100

4th May 2012 Closing Market Updates 15:53

As described in previous blogs, Nifty had started southward journey after failing to cross high of 14th March,2012 and which was 5463.9. The uptrend will start only after Nifty will cross 5270-5280 level(these levels are as on today's data of Nifty and it may change after next sessions).
Next supports for Nifty will be at 5050, 4940 and 4860. The spine support of Nifty will be at 4510 and below that Nifty may fall upto 3900 levels also in extreme case.
We recommend not to go long unless and untill Nifty crosses and sustains 5280 level.
Rising US$ against INR will impact adversely on the market.USD/INR is trading around day high(54.11) and made a day high of 54.1750 on MCX.
Traders eyeing on GAAR meeting which will be held in next week.


Today, market opened weak and later affected by loosing global indices' steam. Nifty ended at 5082.4 with a fall of 106 points.Sensex breached 17k mark and ended at 16827.5 by shedding 323.69 points. 
All BSE Sectoral Indices except HC index were closed into negative. HC was up by 0.28%.Capital Goods Index was the top loser by 3.79% followed by Bankex(-3.17%), PSU, Power, Metal, Realty and Consumer durables which dropped more than 2%.
In Nifty50 stocks, Cipla was the top gainer by 2.93% and ended at 326.95 whereas Bankbaroda was the top loser by 6.23% and ended at 685.9. LITL was the most traded stock by the traded quantity and SBIN was the turnover topper by the traded value on NSE. Advance/Decline ratio was negative with a ratio of 4.5:1 as 1184 stocks declined and 258 stocks gained today on NSE.


Major Global Indices : 


Hang Seng : -163.53
Nikkei : +29.30
FTSE : -51.43
CAC : -30.19
DAX : -52.70
Dow Futures : -20.00
Nasdaq Futures : -0.25

Closing market updates 26th March,2012

Selling pressure witnessed on the first session of the last week of the year 2011-12. Technical level of  around 5170 for Nifty is crucial and Nifty ended just above that at 5180.10 by shedding 98.10 points whereas Sensex dropped 319.91 points and ended at 17041.83. Nifty future ended at 5191.25 with a premium of 11.15 points with 8.23% rise in OI today.
All BSE Sectoral indices ended in red. Realty index was the top loser by 3.58% followed by Power(-2.56%), Bankex(-2.42%), PSU(-2.16%), Metal(-2.15%), Oil & Gas(-2.02%).
In Nifty50 stocks, JPAssociates was the top gainer by 2.83% which ended at 81.7 and IDFC was the top loser by 4.99% which ended at 128.4.
LITL was the turnover topper by the traded quantity and SBIN by the traded value.


Major Global Indices : 


HangSeng : +0.06
Nikkei : +6.77
FTSE : +23.93
CAC : -0.69
DAX : +40.91
Dow Futures : +20.00
Nasdaq Futures : +9.50

RBI Credit Policy(Not a child's Play)

After cutting CRR (the portion of total deposits that banks have to mandatorily keep with the regulator) last week  from 5.5% to 4.75%. with this, the central bank had infused Rs 48,000 crore into the economy, market was expecting to cut REPO  which is the rate at which banks borrow money from RBI  and or Reverse REPO but considering international oil pricing, the rates are kept unchanged. Repo Rate remains unchanged at 8.5%.
Now investors and traders expecting market booster from Union Budget which will be presented by Hon.Fin.Min. Pranav Mukherjee on tomorrow 11 a.m. onward.

GDP below expectations eroded early gains

29th Feb.2012 Closing market updates 15:48

A volatile session ended flat after disappointing GDP data. Spot Nifty ended at 5383.5 with a gain of just 8 points after making an intraday high of 5458.8 and making low of 5352.25. March month's Nifty Future closed at 5435 with a premium of 51.5 points, adding 8.27% in OI.Sensex ended at 17742.71 by adding 11.59 points to its yesterday's closing.


GDP at 6.1%
Country's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. Gross domestic product rose 6.1 per cent in October to December compared with a year earlier, a lower than expected increase, figures from government data showed. That marked a sharp pullback from 6.9 per cent growth in July to September and was the seventh successive quarterly slowdown, providing a gloomy backdrop for a central bank policy meeting and federal budget, both due in just over two weeks. The median forecast of economists in a Reuters poll was for GDP to rise 6.4 per cent. The outcome of 6.1 per cent was the weakest in 11 quarters. 


Among BSE Sectoral Indices, Oil&Gas gained the most by 2.16% and Capital Goods was the top loser by 1.79%.
In Nifty50 stocks, SAIL gained the most by 3.76%and ended at 103.5 followed by ONGC on its stake sale news, ended up by 3.46% at 293.2 and LT was the top loser by 3.28% to end at 1304.50.LITL was the top traded stock by the traded quantity on NSE whereas SBIN was the turnover topper by the traded value on NSE.
Advance/Decline ratio was negative as stocks declined and stocks gained today on NSE.


Major Global Indices :


Hang Seng : +111.35
Nikkei : +0.72
FTSE : +3.39
CAC : +20.96
DAX : +64.08
Dow Futures : +16.00
Nasdaq Futures : +3.75

Nifty on 2months' high, wept previous losses.

Market gained today even after mix global indices.Hangseng ended into negative and Nikkei closed marginally up. But European markets have gained more than 1.5% at the time of closing session of Indian markets.Nifty ended at new high after 8th Nov.2011,ended at 5240.9 with a gain of 41.65 points.Sensex closed at 17314.38 with 120.83 points gain.
Among BSE Sectoral Indices, Metal index shone by 3.13% rise.Capital Goods was among the top gainers by 2.3% after Metal Index.Consumer durable index was the top loser by shedding 1.35%.
In Nifty50 stocks, Tatapower gained the most by 6.54% and ended at 110.7 whereas Coal India was the top loser by 2.95% and ended at 317.55. Arevat&d was the turnover topper by the traded quantity and the value.
Advance/Decline ratio was positive by 2.51 : 1 as 1005 stocks gained and 400 stocks declined today on NSE.
If spot Nifty crosses 5260 level on closing basis consecutively, the downtrend will come to an end.


Delivery Recommendation : 


Finpipe at cmp with a stop at around 51(closing) for Trg 66.




Major Global Indices :


Hang seng : -57.12
Nikkei : +7.28
FTSE : +81.08
CAC : +54.35
DAX : +132.82
Dow Futures : +99.00
Nasdaq Futures : +13.50