Nifty closed at 5650, first time after Nov.26

A volatile session ended slightly with pessimism as Nifty failed to cross and close above 5700 mark.
Nifty closed 5651.35, 7 points below previous close. Sensex lost 57.27 points to settle at 18735.6.
In Nifty50 stocks, IDFC was the top gainer by 6.19 %, closed at 145 whereas DLF was the top loser by 3.17% and closed at 231.85. Unitech was the turnover topper by the quantity traded and HDFCBank by the value traded today on NSE.

Nifty Outlook : 
Nifty Fut. has broken its' all major technical supports like 5755 and 5690. Now it is in bearish hands for longer term viewing 5380-5140 levels but any bounce back upto 5770 to 5840 levels will give opportunity to exit long if any. In coming weeks, expiry of March 2013 contracts and a result session thereafter will be the interesting factors which may influence the market. Also political uncertainty may become a cause of worry for investors.
Immediate Support : 5650/5620/5550
Immediate Resistance : 5720/5770/5840

Nifty in bullish mode

8th March, 2013 

Market continued its upward journey for the forth day. Nifty ended at 5945.7 after gaining 82.4 points and Sensex gained 252.32 points to end at 19665.86.
In Nifty50 stocks, Jindalstel gained the most by 5.7% to end at 367.15 whereas Maruti was the top loser by 1.29% which ended at 1430.6.

Nifty Outlook : 

As Nifty (Mar.Fut.) has given a breakout above 5892 and ended at 5965.85. Thus, the short term positional trend became bullish and can lead to make a new high in coming months.Immediate levels to watch are 5980  and 6140 to sustain above. The downside is protected to 5690 as a weekly closing.

New at 8 week low; Nifty took support at 5850

Closing Market Updates 15th Feb. 2013  17:33

Market remained volatile and ended in red for the third week consecutively. Today, spot Nifty ended first time at 5876.75 after 28th Dec,12; declined by just 20.20 points after making a low of 5853.9 whereas Sensex ended at 19435.21 with 61.97 points in negative. February Nifty future ended at 5884.1 with a premium of 7.35 points.
Among BSE Sectoral Indices, Oil&Gas index was the top loser by 0.83% and Auto index was the top gained by 0.43%.
In Nifty50 stocks, Tatamotors gained the most by 2.52% and ended at 304.7. DrReddy was the top loser by 3.22 % which ended at 1814.Suzlon was the turnover topper by the quantity traded and SBI by the traded value today on NSE.
Advance/Decline ratio was negative at 1.54 : 1 as 915 stocks declined and 595 stocks gained today on NSE.

Nifty Outlook : As mentioned in our previous weekly blog in the same topic, Nifty near month Future took support near 5860 and bounced back smartly in the last session upto 5909. We recommend not to go short around 5850-5860 levels but buy on dips for the relief rally targeting 5990-6040 levels. Consider 5850-5820 levels are major support. Look for the stock specific opportunity ahead of Budget announcement time or book daily profits.

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Nifty closed at year low for 2013; lower GDP forecast threatened the sentiment

8th February 2013 :  Closing market updates 17:00

The investor's sentiments were dampened after India's economic growth rate this fiscal is estimated to be sharply lower at 5% announced yesterday. This will be the lowest GDP growth rate in a decade for India.

Nifty dropped 44.35 and ended at 5894.45, below 5900 mark first time after Dec.27,2012 and Sensex ended at 19466.23, lost 114.09 points.
Among BSE sectoral indices, Metal index was the top loser by 1.7 followed by PSU banks,Realty,Auto,Oil&Gas and HC.IT was the top gainer by 0.86%.
In Nifty50 stocks, TCS gained the most by 2.23% closed at 1418.10 and Ambujacem tanked the most by 5.5% and ended at 188.95.
Advance/Decline ratio was negative at 2.65 : 1 as 397 stocks gained whereas 1052 declined today on NSE.

Nifty Outlook :

As recommended in the last week's Nifty Outlook topic, as soon as Nifty Feb.Fut cracked the support of 6020 on 4th Feb, it failed to recover and today it collapsed to 5900. Now it will be interesting to watch whether it will take support at 5860. Buy in dips with a strict sl of 5855 on closing basis. Hold derivative short positions in BankNifty also for target of 12121.

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Nifty Fut. below 6000 mark

Today premium between Nifty and Nifty Feb.Fut. eroded as Fut.Nifty closed at 5994.4 and Spot Nifty closed at 5987.25.Premium is just 7.15 points and which was 37.2 points on Friday. OI was at 13938500 with a rise in 10.73 % to Friday's OI.
Tomorrow, bounce back expected in Nifty Feb.Fut. upto 6020. I recommended to carry shorts with a trail sl of 6016.

Nifty ended below 6000 mark at 3 week low.

1st Feb. 2013 Closing Market Updates 17:30

Market discounted the RBI rate cut and also the better results' session.
Nifty closed below 6000 mark for the first time after 11th Jan, 2013. Today at the last day of the week and the very first day of the February expiry as well as first day of the second month of the calender year, Nifty closed at 5998.9, down by 35.85 points and Sensex slipped by 113.79 points to settle at 19781.19.
Among BSE Sectoral Indices, Consumer durables gained the most by 1.77 whereas Realty Index was the top loser.
In Nifty50 stocks, BPCL gained the most by 2.96% to end at 422.6 and JP Associat was the top loser as dropped by 4.14% and closed at 83.35.
Suzlon was the turnover topper by the traded quantity and Bhartiartl was by the traded value on NSE today.
Advance/Decline ratio was negative to 1.36 : 1 as 859 stocks declined and 633 stocks gained today on NSE.

Nifty Outlook :

Spot Nifty has broken an important support of 6010 which may initiated short positions but to confirm the trend, two consecutive closings should be below the support level.
Nifty near month fut is trading in a very narrow range of 6020 and 6080.Any sustainable closings above or below these levels should be considered as decisive. Downside is protective at around 5920-5840 levels. Any dip up to 5920 would be proved as a healthy correction for the rally ahead.

Recommended Stocks for short term investments. 

Bankbaroda with a stop of 831
Glenmark abv 535 or at 465
Hindpetro with a stop of 317
IDBI with a stop of 105
Indhotel abv 63
LICHsgFin with a stop of 277 or 270
RCOM with a strict stop of 77
SAIL with stop of 86 for short term target of 97
Tatchem with a stop of 353
Tiatn above 288 on a closing basis.


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Discalimer: 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 forthe 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/advisor. 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 bloge may be and or may not be 100% perfect as it is being  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.

Short Term / Positional Recommendations

Looking forward to the Union Budget for 2013-2014 we recommend following stocks for short term investment.

AMBUJA

BUY

Abv

202.5

CAIRN

BUY

SL

323

HDFCBANK

BUY

SL

645

JINDALSTEL	BUY	SL	420
PNB	BUY at declines	SL	848
RANBAXY	BUY at declines	SL	460

SESAGOA

BUY

SL

180

SIEMENS	BUY	SL	635
TATAMOTORS	BUY	SL	310
TATAPOWER	BUY	SL	103
TATASTEEL	BUY	SL	405
ULTRACEMCO	BUY	ABV	2001

Review of Recommendations given on 28th Dec. 2013

Ambujacem sl 195 Trg 210(CMP 202) (Hit a high of 208.5 on Jan,03)

Axisbank (abv 1380) sl 1340, Trg 1435 Made high of 1431 on Jan,15


Bhartiartl sl 303, Trg 324 (CMP 367)


BPCL sl 340, Trg 388 (Hit high of 449 on Jan,21)


DLF (abv 230) sl 221, Trg 244 (Hit high of 263.75 on Jan,18)


Gail sl 340, Trg 370 (Hit a high of 395.85 on Jan,18)


ONGC sl 260, Trg 280 (Hit a high of 355 on Jan,18)


Ranbaxy sl 498, Trg 520 (Hit a high of 522.9 on Jan,03)


Siemens sl 660, Trg 695 (Hit a high of 695.7 on Jan,04)


Tatapower sl 104 Trg 118 (Hit a high of 112.55 on Jan,03 but still sl not triggered, we recommend to hold with a strict sl of 103)



Discalimer: 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 forthe 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/advisor. 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 bloge may be and or may not be 100% perfect as it is being  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.

Infy failed to hold the steam of bull market on weekly basis.

Nifty ended below 5950 first time in the year 2013.

Infy the IT giant declared its Q3 results which were flat (2369 cr Vs 2369 cr QoQ basis), ET now poll expecting around 2250 cr and this thing gave a fantastic 2 digit % jump for the stock in opening session which lead to 17.04% on closing note. Spot Nifty ended at 5943.55 down by 25.1 points whereas Sensex lost 24.21 points to end at 19639.34. Among BSE sectoral indices, IT gained the most by 9.34% followed by BSE Teck and FMCG was the top loser by 2.47%.
In Nifty50 stocks, Infy gained the most and ended at 2718 whereas Hindunilvr was the top looser which declined 4.08% to end at 495.5.
Suzlon was the turnover topper by the quantity traded and Infy by the value traded on NSE.
Advance/Decline Ratio was negative by 3.45 : 1 as 1137 stocks declined and 330 stocks gained today on NSE.

Nifty Outlook :
Spot Nifty has broken important level of 5970 whereas Nifty Fut. has closed below 6000 mark and could be consider a negative sign as a short term bullish trend has broken. Now short positions in Nifty Fut can be hold with a stop of 6040 targeting 5920-5890.
Nifty Fut.
Major Support 5870
Resistance : 6040

Nifty closed above 6000 mark on weekly basis.

5th Jan,2013
Yesterday market sustained the steam of 6000 mark for the whole week. Nifty ended with 4.15 points' gain and ended at 6013.65 whereas Sensex gained 5.62 points to end at 19770.40.

Nifty Outlook :
Technically, Nifty(Fut.) closed above 6000 with a higher closings since last 3 days including of today.
Q3 results which will start announcing from 9th Jan,13 with Indusind bank next week, also contain IT major, Infy which will be announced on 11th Jan,2013.
Major Support : 5870
Major Resistance : 6180

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