Jul 09, 2014, 10.08 AM IST
Buy if
Nifty falls to 6861-7263, advises Laurence Balanco
Pullbacks to the 6861-7263 area in the coming weeks should be seen as an
attractive buying opportunity in anticipation of the long-term uptrend
resuming, says Laurence Balanco, CLSA.
Laurence Balanco, CLSA says the bearish
price/momentum divergence suggests that last week's attempt to breakout above
the 7625-7715 resistance zone is a classic failure. “As such we expect the
Nifty to continue to range trade below the 7625-7715 area into August/September
before the long-term uptrend resumes,” he adds.
According to him, pullbacks to the 6861-7263 area in the coming weeks should be
seen as an attractive buying opportunity in anticipation of the long-term
uptrend resuming.
Also read: No structural snag in mkt; buy quality cyclicals: Antique STOCK TIPS
Bharat Iyer, JP Morgan says markets are going into the reporting season with
relatively higher expectations compared to previous few quarters. “But investor
focus continues to be on the policy roadmap to be outlined by the new
Government,” he adds.
“Consequently, near-term earnings are unlikely to be an important determinant
in influencing the near term direction of the broader market. We continue to
advocate playing a potential economic recovery through high-quality financials,
commercial vehicles, cement and resources - metals and energy,” says Iyer.
www.Shristocktips.com
Jul 07, 2014, 09.31 AM IST
Indian
rupee opens lower at 59.81 per dollar
Agam Gupta of Standard Chartered expects RBI to buy dollars on any dips while
exporters and FIIs to sell dollars between 59.90-59.95/dollar ahead of budget
this week.
The Indian rupee opened lower at 59.81 per
dollar against 59.73 per dollar on Friday.
The dollar clung on to most of last week's payrolls-inspired gains early. The
dollar index was steady at 80.30 marks.
Agam Gupta of Standard Chartered said that, “Expect RBI to buy dollars on any
dips while exporters and FIIs to sell dollars between 59.90-59.95/dollar ahead
of budget this week.” FREE TIPS
“Expect rupee to remain in range of 59.50-59.90/dollar,” he added.
www.Shristocktips.com
Jul 03, 2014, 09.30 AM IST
Support
for Nifty at 7677: Angel Broking
According to Angel Broking, 7677 is seen as an immediate support level for the
Nifty.
Our benchmark index maintained its positive bias
and in the process, managed to surpass previous high of 7700 with an ease. The
index has now closed at the highest point ever. Considering current momentum,
if the index manages to maintain its position above yesterday's high then we
may witness an extended rally towards 7780-7800 levels.
On the flipside, 7677 is seen as an immediate support level for the index. STOCK TIPS
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Jul 02, 2014, 10.37 AM IST
Nifty hits
7700, Sensex at record high; Sesa rises 3%
Sesa Sterlite topped the buying list, rising 3 percent after JP Morgan
continued to remain overweight and increased target price on the stock to Rs
350 from Rs 265 earlier.
Equity benchmarks maintained uptrend with the
Sensex rising 205.92 points to 25722.27 and the Nifty gaining 58.55 points to
7693.25. The broader markets too gained further with the BSE Midcap and
Smallcap indices surging 1 percent each.
About 1604 shares have advanced, 600 shares declined, and 78 shares are
unchanged. STOCK NIFTY TIPS
Sesa Sterlite topped the buying list, rising 3 percent after JP Morgan
continued to remain overweight and increased target price on the stock to Rs
350 from Rs 265 earlier. The brokerage house also raised FY16 earnings per
share estimate by 7 percent as it believes the company has the potential for
further corporate re-structuring which could drive re-rating. It also expects
volume growth in power and aluminum businesses of the company.
Shares of HDFC, ICICI Bank, Larsen & Toubro, State Bank of India, Sun
Pharma, Coal India, Bajaj Auto, Tata Steel and NTPC gained 1-1.7 percent.
www.Shristocktips.com
Jul 01, 2014, 09.38 AM IST
Above
7625, Nifty may test 7680-7720: Arihant Capital
According to Arihant Capital, above 7625 level Nifty is likely to test
7680-7720 levels. On the downside, 7560-7520 may act as support for the day.
The current price action on the daily chart
suggests that the momentum on the upside is likely to continue. In coming
trading session if Nifty trades above 7625 level then it is likely to test
7680-7720 levels. On the downside, 7560-7520 may act as support for the day. STOCK TIPS
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.shristocktips.com
Jun 26, 2014, 09.47 AM IST
Don't see
pre-Budget rally; like auto cos: Motilal Oswal
Manish Sonthalia of Motilal Oswal Asset Management advises investors to be in
the wait and watch mode and see whether the Rangarajan formula gets implemented
before buying stocks in the oil and gas sector.
The gas price hike deferral will be negative for
companies like ONGC and Oil India , is the word coming in from Manish Sonthalia
of Motilal Oswal Asset Management. He, however, does not see it impacting GAIL
in a major way.
He advises investors to be in the wait and watch mode and see whether the
Rangarajan formula gets implemented before buying stocks in the oil and gas
sector. There is some debate on the need for a new formula, he adds. NSE BSE TIPS
On the overall market, going by the current state, he does not expect a
pre-Budget rally. He says at the most it can consolidate side ways. Plus, any
negative development in Iraq could also impact the market.
He is bullish on auto as well as the auto ancillary sector. He believes the
government’s decision to continue with low excise duty for six months till
December 31 is a huge positive for the sector. Also, the sector will be one of
the biggest beneficiaries of an improvement in the economy going ahead, he
adds.
www.Shristocktips.com
Jun 24, 2014, 09.36 AM IST
Indian
rupee opens higher at 60.12 per dollar
Expect the 59.50-60.50/dollar range in USD/INR pair to continue, says Ashutosh
Raina of HDFC Bank.
The Indian rupee opened higher by 8 paise at
60.12 per dollar versus 60.20 Monday.
Euro continues to remain under pressure, trading below the 1.36 mark.
Also Read - Rupee seen at 60/USD by year end: HSBC FREE TIPS
Ashutosh Raina of HDFC Bank said that, "The flight of capital to safe
heavens continues with gold prices hitting recent highs. All equity and
currency markets worldwide have been stuck in a very narrow range."
www.Shristocktips.com
Jun 17, 2014, 09.48 AM IST
Prefer
ICICI Bank, SBI, Grasim, L&T: CLSA
"Our preferred picks are ICICI Bank, SBI, Grasim and L&T," says
Mahesh Nandurkar, CLSA.
Mahesh Nandurkar, CLSA says initial indications
suggest that equity markets are opening up and a potential equity raising of
USD 25 billion per year would be a positive for capex cycle recovery as bulk of
the fund raising would be done by banks and infra/capital goods companies.
NIFTY STOCK TIPS
“Our preferred picks are ICICI Bank , SBI , Grasim and L&T . Also,
empirical evidence suggests that large equity offerings don't necessarily imply
a market correction,” he adds
www.Shristocktips.com
Jun 13, 2014, 10.14 AM IST
Taper may
continue post US payroll data: CLSA
Chris Wood, CLSA says the US payroll data keeps markets on track for continuing
tapering without as yet real concrete evidence of the acceleration in US growth
which the Fed is hoping for.
Chris Wood, CLSA says the picture remains the
same in world financial markets with the latest "neither too hot, nor too
cold" US payroll data. “This keeps markets on track for continuing
tapering without as yet real concrete evidence of the acceleration in US growth
which the Fed is hoping for,” he adds. free stock tips
Also read: Consumer inflation to decline; no rate cuts in 2014: Nomura
Michael Hartnett, Bank of America Merrill Lynch says Brent oil prices breaking
above USD 125 a barrel, Nasdaq failing to break 4371 or the Russell failing to
break 1212 would argue for June consolidation. “But the case for a summer
melt-up remains stronger than that for a summer melt-down,” he adds.
www.Shristocktips.com
Jun 09, 2014, 09.02 AM IST
Market may
open higher: SMC Global
According to SMC Global Securities, the market may open higher tracking firm
Asian stocks.
The market may open higher tracking firm Asian
stocks. Asian markets moved higher today, as strong export data from China and
upwardly revised growth figures from Japan supported regional sentiment.
US stocks closed at alltime highs on Friday for a third week of gains after the
May jobs report showed slow but steady improvement in the labor market.
As per provisional figures, foreign institutional investors (FIIs)/ Foreign
Portfolio Investors (FPIs) bought shares worth a net Rs 1283.04 crore on 6th
June 2014. Domestic institutional investors sold shares worth Rs 315.15 crore
on that day. STOCK TIPS
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Jun 04, 2014, 09.37 AM IST
Indian
rupee opens at 59.42 per dollar
According to NS Venkatesh of IDBI Bank, expect rupee to trade between a narrow
range of 59.3-59.5/dollar."
The Indian rupee slipped marginally in the early
trade on Wednesday. It opened lower by 4 paise at 59.42 per dollar as against
previous day's closing value of 59.38 a dollar.
NS Venkatesh of IDBI Bank expect rupee to trade between a narrow range of
59.3-59.5/dollar.
He also expects the yield on the 10-year bonds to range between 8.5-8.55
percent.
Also Read - RBI eases norms for foreign investors FREE TRAIL TIPS
The euro clings to modest gains having been squeezed higher in what some
traders described as a 'buy-the-rumor-sell-the-fact' move in the wake of
subdued euro zone inflation data.
www.Shristocktips.com
Jun 03, 2014, 10.23 AM IST
Added Tata
Steel, Maruti to our portfolio: Jonathan Garner
Jonathan Garner of Morgan Stanley believes flows into India will increase if
the new government executes reforms.
Indian markets’ outperformance took place prior
to election date, says Jonathan Garner, Chief Asia & EM Equity Strategist,
Morgan Stanley, adding that he saw serious foreign buying into India till
elections. He believes flows into India will increase if the new government
executes reforms.
Also Read: Bank rally has steam left, NPA cycle ebbing: Morgan Stanley
He thinks the current market behaviour is that of consolidation. STOCK TIPS
Picking India as an attractive destination in Asia, Garner said he is upbeat
about the changes in governance in the country. Morgan Stanley has added Tata
Steel and Maruti Suzuki to its portfolio. It has also retained its core
exposure in pharma. However, Garner said they have lightened up their positions
in the technology names.
Among other Asian markets, Garner is overweight on China, Taiwan and Singapore.
www.Shristocktips.com
May 30, 2014, 09.32 AM IST
Market may
open on flat note: Ventura Securities
According to Ventura Securities, markets to open on a flat note on the back of
yesterday's correction in Indian markets as well as positive cues from global
markets.
Sensex, on Thursday, fell 322 points and closed
at 24,234 posting its biggest daily decline in nearly four months as Infosys
slumped after its president resigned, while profit-taking continued to hit
shares after record highs were touched earlier this month.
Among sectors, IT, Teck, Infra, Oil & Gas and Capital Goods ended on a
negative note. Among the stocks Infosys , ONGC , Wipro , BHEL and Cipla
declined the most. Market breadth was negative with 1,581 declines against
1,390 advances.
Nifty was down by 94 points and closed at 7,235. Today we expect the markets to
open on a flat note on the back of yesterday's correction in Indian markets as
well as positive cues from global markets. STOCK TIPS
US markets ended the day on a positive note, with Dow Jones and Nasdaq both up
by 0.4 percent and 0.5 percent respectively continuing their march to record
levels as traders shrugged off data that showed the economy shrank in the first
quarter and bet on improvement in the second quarter. US markets, today, will
see data releases on Core PCE Price Index, Personal Spending, Personal Income,
Chicago PM. FOMC member Plosser is also scheduled to speak today.
Asian markets are trading on a mixed note with Nikkei down by 0.4 percent and
Hang Seng up by 0.2 percent. SGX Nifty is trading flat at 7,269. Indian ADRs
ended on a negative note. Among financial ADRs, ICICI Bank was flat and HDFC
Bank was up by 0.2 percent. Among IT ADRs, Wipro and Infosys were down by 1.7
percent and 0.8 percent respectively. Tata Motors was down by 2.7 percent.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
May 28, 2014, 09.33 AM IST
Indian
rupee opens flat at 59.02 per dollar
Indian rupee has opened flat at 59.02 a dollar on Wednesday as against previous
day's closing value of 59.04 a dollar.
Indian rupee has opened flat at 59.02 a dollar
on Wednesday as against previous day's closing value of 59.04 a dollar.
Pramit Brahmbhatt, Veracity says taking positive overnight cues, the rupee is
expected to trade strong, backed by the local equities though dollar demand
from oil importers could cap gains.
STOCK TIPS
According to him, the range for the rupee is seen between 58.50-59.50/USD.
www.Shristocktips.com
May 27, 2014, 09.32 AM IST
Indian
rupee opens lower at 58.80 per dollar
Indian rupee has opened at 58.80 a dollar, down 9 paise compared to previous
day's closing value of 58.71 a dollar.
Indian rupee fell further in early trade on
Tuesday. It opened at 58.80 a dollar, down 9 paise compared to previous day's
closing value of 58.71 a dollar.
Ashutosh Raina, HDFC Banksays USD-INR currency pair has been trading in a 58-59
a dollar range with good capital flows offset by aggressive Central Bank
intervention. NSE TIPS
"A strong CAD number should also add to the prevailing positive
sentiment," he adds. He expects the trading range of 58-59 a dollar to
continue till we get some policy announcements from the new government.
www.Shristocktips.com
May 26, 2014, 09.43 AM IST
Nifty may
open flat: ICICIdirect
According to ICICIdirect, Nifty may open flat on the back of mixed global cues.
It is likely to trade in the range of 7350-7450.
Post a positive start, the Nifty consolidated
for major part of the day amid high volatility. However, towards the end, the
index closed 100 points higher on the back of buying in banking, oil & gas,
metals & auto. Nifty futures premium declined and settled at 15 points.
India VIX declined 0.73 percent and settled at 17.70.
FIIs sold Rs 417 crore while DIIs sold Rs 135 crore in the cash segment. FIIs
sold Rs 444 crore in index futures and bought Rs 774 crore in index options. In
stock futures, they sold Rs 24 crore.
The highest Put base stands at the 7000 strike with over 49 lakh shares. The
highest Call base stands at the 7500 strike with over 57 lakh shares. The 7200,
7300, and 7400 Call strikes saw reduction of 10.05, 8.31 and 2.26 lakh shares,
respectively. On the other hand, 7300 and 7400 Put strikes saw addition of
8.50, and 9.41 lakh shares, respectively. NIFTY TIPS
The Nifty is likely to open flat on the back of mixed global cues. It is likely
to trade in the range of 7350-7450. The trading strategy would be to create
longs near 7370-7375 for targets of 7405 and 7425. On the other hand, one can
enter shorts if the index finds resistance near 7450.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
May 20,
2014, 09.53 AM IST
Nifty may trade between 7200-7340:
Magnum Equity Broking
According to Magnum Equity Broking, Nifty continue to trade optimistic between
7340 and 7200.
Indian market hit a record closing high on
Monday as investors continued to switch to stocks with a domestic focus, such
as NTPC, on hopes the new government to be led by Narendra Modi would spur
major economic reforms.
The benchmark BSE Sensex rose 1 percent, or 241.31 points, to end at 24,363.05,
a record closing high but still well below the all-time high of 25,375.63 hit
on Friday. The broader Nifty rose 0.84 percent, or 60.55 points, to end at
7,263.55, also a record closing high, after hitting an all-time high of
7,563.50 in the previous session. NIFTY STOCK TIPS
US stocks eked out gains after hovering around the flatline for much of the
session Monday, as investors remained cautious amid recent mixed economic
reports. The Nasdaq rallied, thanks to a strong performance in Internet stocks.
Asian equity markets were mixed on Tuesday as the Bank of Japan kicks off a
two-day policy review later in the day.
Global cues are little upbeat today, with them SGX Nifty is showing 37 points
upmove in morning trade indicating that Indian market would open positive today
and Nifty continue to trade optimistic between 7340 and 7200.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
May 16,
2014, 09.27 AM IST
Indian rupee opens at 58.91/USD on election results day
The rupee strengthened to its highest level in about 10 months on Thursday,
while also posting its biggest single-day gain in nearly three weeks on the
back of sustained dollar inflows into domestic shares ahead of election
results.
The Indian rupee opened sharply higher on the
election results day. The rupee gained 38 paise at 58.91 against previous day
closing of 59.29.
The rupee gains past 59 per dollar for the first time since July 29, 2013.
The rupee strengthened to its highest level in about 10 months on Thursday,
while also posting its biggest single-day gain in nearly three weeks on the
back of sustained dollar inflows into domestic shares ahead of election
results. NSE BSE TIPS
Also Read - Rupee hits near 10-month high, biggest gain in 3 weeks
Hopes that the Bharatiya Janata Party and its allies will win an outright
majority have helped fuel gains in shares, given the perceptions that the opposition
party is more business and reform friendly.
But broader gains in the rupee have been capped in recent sessions as the
Reserve Bank of India has been an active buyer of dollars, according to
traders.
(With inputs from reuters)
www.Shristocktips.com
May 14, 2014, 09.34 AM IST
Markets to
open on positive note: Way2Wealth
According to Way2Wealth, markets are expected to open on positive note in
today’s session but on higher side will see stiff resistance around 7200
levels.
Markets are expected to open on positive note in
today’s session but on higher side will see stiff resistance around 7200 levels
and from that profit booking is expected in second half of session that may
drag nifty towards 7100-7050 levels.
STOCK TIPS
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
May 13, 2014, 09.48 AM IST
Rupee seen
63-64/$ by Dec; FY14 GDP unchanged at 5.2%: CLSA
With exit polls predicting a clear majority for the BJP-led NDA coalition,
market [Ad by NetoCoupon] players see a heavy inflow of capital, which in turn
could strengthe the rupee.
Brokerage house CLSA sees the rupee sliding to
63-64 against the dollar by December this year, and has kept its GDP growth
forecast for the current fiscal unchanged at 5.2 percent.
With exit polls predicting a clear majority for the BJP-led NDA coalition,
market players see a heavy inflow of capital, which in turn could strengthe the
rupee.
“On the rupee, the RBI will draw a line in the sand at 58-59/USD in the very
near term, if the election delivers a strong mandate and there is a subsequent
jump in FII inflows,” wrote Rajeev Malik of CLSA in a note to clients.
Also Read: This will be the 'mother of all bull markets': Jhunjhunwala
“The directional bias for the INR over the next 12 months is for it to
depreciate gradually. This is because of India’s structurally high inflation,
the need to enhance export competitiveness and build foreign reserves and
anticipated global liquidity tightening,” the note said, mentioning a target of
63-64 to the dollar by December end. FREE TIPS
Also, the brokerage does not see economic growth improving this financial [Ad
by NetoCoupon] year even if a stable government were to take charge.
“Our 2014-15 forecast will likely be unchanged at 5.2% as initially the
recovery will be uneven and protracted. On the positive side, a strong mandate
could potentially offer scope for revising up our 2015-16 GDP growth forecast,
to 6.3% from the current forecast of 5.8%,” the note said.
www.Shristocktips.com
May 12,
2014, 09.15 AM IST
Nifty likely to open flat to positive: ICICIdirect
According to ICICIdirect, the Nifty is likely to open flat to positive on the
back of mixed global cues. It is likely to trade in the range of 6820-6950.
Post a flat start, the Nifty witnessed strong
northward momentum. Banking, capital goods, oil & gas and other
heavyweights did well whereas pharma remained under pressure. After making a
life-time high, the index finally ended after scoring a double century. Nifty
futures premium increased and settled at 29 points. India VIX increased 9.93
percent and settled at 37.70.
FIIs bought Rs 1269 crore while DIIs sold Rs 75 crore in the cash segment. FIIs
bought Rs 594 crore in index futures and sold Rs 1177 crore in index options.
The highest Put base stands at the 6400 strike with over 51 lakh shares. The
highest Call base stands at the 7000 strike with over 54 lakh shares. The 7000,
7200 and 7400 Call strikes saw addition of 4.09, 20.20 and 14.70 lakh shares,
respectively. On the other hand, 6800, 6900 and 6600 Put strikes saw addition
of 6.88, 3.67 and 2.35 lakh shares, respectively. NIFTY TIPS
The Nifty is likely to open flat to positive on the back of mixed global cues.
It is likely to trade in the range of 6820-6950. The trading strategy would be
to create long near 6840-6845 for targets of 6875 and 6895. On the other hand,
one can enter shorts if the index finds resistance near 6950.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Apr 04, 2014, 09.56 AM IST
Investors
can still enter; buy L&T on every dip: Choksey
Deven Choksey, MD, KR Choksey Shares and Securities believes L&T is a
company where business conditions are only going to improve going forward. He
says investors should buy this stockstock during every fall or dip. He is also
bullish on Sesa Sterlite, HZL and Tata Steel.
The Nifty has run up almost 6 percent in March
alone and though it ended lower on Thursday on profit booking, many experts
believe all those who have missed the party must wait and enter the
marketmarket later, perhaps at a lower level.
But Deven Choksey, MD, KR Choksey Shares and Securities believes after five
years of consolidation, the marketmarket has just started to move forward. He
is also a believer in the India story and hence does not concur with the view
that it may not be the right time for investors to enter the market. STOCK TIPS
He believes the balance sheet and earnings of corporates will only improve
going forward due to better policies and governance once the new government
comes to power.
Also Read: Will meet FY14 guidance; bank licence miss disappoints: L&T
Individual company-wise, Choksey believes L&T is a company where business
conditions are only going to improve going forward. He says investors should
buy this stock during every fall or dip. He is also bullish on Sesa Sterlite ,
HZL and Tata Steel .
www.Shristocktips.com
Apr 03, 2014, 09.28 AM IST
Market
likely to open flat: SMC Global
According to SMC Global Securities, the market is likely to open flat with a
positive bias taking cues from global markets.
The market is likely to open flat with a
positive bias taking cues from global markets. Asian stocks climbed, putting
the regional benchmark index on course for its longest winning streak this
year, after data showed US companies added workers and China outlined economic
stimulus plans.
The US stock market ended a choppy session moderately higher on Wednesday, with
the S&P 500 closing at a record. Market reaction to a pair of better-than
expected economic reports was largely muted in early trading, however, indexes
pushed higher in late afternoon. NSE BSE TIPS
As per provisional figures, foreign institutional investors (FIIs) bought
shares worth a net Rs 594.67 crore on 2nd April 2014. Domestic institutional
investors sold shares worth Rs 471.78 crore on that day.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Apr 01, 2014, 09.33 AM IST
Prefer
India, see growth recovery: Goldman Sachs
Timothy Moe, Goldman Sachs says the brokerage house expects Asia ex-Japan to
return 4 percent in Q2 as macro growth accelerates in US and China, and
domestic policy and politics act as tailwinds for select markets. “Rising US
rates remain a key risk, but Asia emerging markets are more resilient now than
it was in mid-2013,” he adds.
Here are experts’ equity calls for
the day on how the market is expected to trade:
Timothy Moe, Goldman Sachs: We expect Asia
ex-Japan to return 4 percent in Q2 as macro growth accelerates in US and China,
and domestic policy and politics act as tailwinds for select markets. Rising US
rates remain a key risk, but Asia emerging markets are more resilient now than
it was in mid-2013. In South Asia, we like India the most on its recovering
growth, undemanding valuations, and improving sentiment ahead of the
parliamentary elections.
Also Read - Banks' capital challenges eased by Basel III delay: Fitch STOCK TIPS
Bharat Iyer, JP Morgan: The underlying bull-drive seems to be getting stronger
in Indian equity investors. Upward bias in cyclical sectors is now on for the
last six weeks. Investor preference seems to be shifting to stocks with
relatively higher risk perception. Emerging markets received FII flows last
week. India led with net inflows of USD 1.2 billion into equities.
www.Shristocktips.com
Mar 26, 2014, 09.22 AM IST
Market to open
on positive note: Ventura
According to a report by Ventura Securities, expect the markets to open on a
positive note on the back of firm global cues.
Sensex, on Tuesday, ended flat and closed at
22,055, as blue chips such as L&T extended recent gains driven by sustained
capital inflows from foreign institutional investors (FIIs). Among the stocks,
BHEL, HeroMoto Corp and HUL were the ones which advanced the most while among
sector indices, Power, CG and CD ended on a positive note. Market breadth was,
however, negative with 1,181 advances against 1,689 declines.
Nifty was up by 6 points and closed at 6,590. Today we expect the markets to
open on a positive note on the back of firm global cues. MARKET TIPS
US markets ended on a positive note with Dow Jones and Nasdaq up by 0.6% and
0.2% respectively, as economic data showed consumer confidence at a six-year
high. Today, US markets will witness data releases on Core Durable Goods
Orders.
Asian markets are trading positive with Nikkei and Hang Seng up by 0.3% and
1.0% respectively. SGX Nifty is trading up by 29 points at 6,640. Indian ADRs
ended on a positive note. Among financial ADRs, ICICI Bank and HDFC Bank were
up by 1.3% and 1.4% respectively. Among IT ADRs, Wipro and Infosys were up by
0.6% and 0.1% respectively. Tata Motors was up by 2.4%.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 24, 2014, 09.45 AM IST
Nifty may trade between 6440-6550:
Magnum Equity Broking
According to Magnum Equity Broking, Nifty is expected to trade between 6550 and
6440 with positive biasness.
Indian market edged higher in thin-volume
trading on a special trading session on Saturday, as gains in healthcare stocks
were offset by profit taking in metals. The benchmark Sensex closed 0.01
percent higher at 21,755.32 points while the broader Nifty closed 0.03 percent
higher at 6,494.90 points, staying away from record highs hit early in the week
due to inflows of overseas funds.
US stocks fell on Friday, with the S&P 500 erasing gains after rising to an
intraday record, as investors considered Ukraine ahead of the weekend. Asian
stocks were mostly higher on Monday as investors brushed off weak Chinese
manufacturing activity and a negative handover from Wall Street.NIFTY TIPS
Global cues are mixed today, with them SGX Nifty is showing 33 points up move
in morning trade indicating that Indian market would open positive today and
Nifty is expected to trade between 6550 and 6440 with positive biasness.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 21, 2014, 09.45 AM IST
Support
for Nifty at around Rs 6480: Way2Wealth.com
According to Way2Wealth.com, Nifty will find immediate support around 6480
level and below that can test 6420 levels whereas on higher side 6560-6600 will
continue to act as strong supply zone for indices in short term.
On back of weak global cues, yesterday Indian
markets opened on negative note and thereafter continued to see selling
pressure throughout the session. Long unwinding coupled with fresh short
accumulation was seen in banking, auto, capital goods and metal sector that
dragged nifty below 6500 levels and finally it settled around 6483 down by 41
points.
Unwinding of long positions was seen in nifty and Bank Nifty fut. whereas CNXIT
fut. saw short covering from lower levels. Fresh short accumulation was seen in
stocks like REC , Mahindra & Mahindra Financial , GAIL , IOB , LIC Housing
and Bank of Baroda . Selected long positions were added in stocks like ONGC ,
JSW Energy , Karnataka Bank , Aurobindo Pharma , Hindustan Unilever and Dabur
India . NIFTY TIPS
Petronet , Larsen and Toubro , Oriental Bank of Commerce , Jaiprakash
Associates , Bata and PNB were some of the stocks that saw profit booking from
higher levels.
After yesterdays profit booking, today domestic markets are expected to open on
positive note and will continue to see buying at lower levels. On lower side
Nifty will find immediate support around 6480 level and below that can test
6420 levels whereas on higher side 6560-6600 will continue to act as strong
supply zone for indices in short term.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 19, 2014, 09.30 AM IST
Nifty may
open flat: ICICIdirect.com
According to ICICIdirect.com, Nifty is likely to open flat on the back of mix
global cues. It is likely to trade in the range of 6510-6580.
After a positive start, the Nifty faced
difficulty in sustaining and riding above the level of 6600, which resulted in
a choppy and lacklustre session for the day. Nifty futures premium declined and
settled at 31 points. India VIX increased 4.13 percent and settled at 17.12.
FIIs bought Rs 1012 crore while DIIs sold Rs 202 crore in the cash segment.
FIIs bought Rs 414 crore in index futures and sold Rs 24 crore in index
options. In stock futures, they sold Rs 632 crore.
The highest Put base stands at 6400 strike with over 62 lakh shares. The
highest Call base stands at 6600 strike with over 52 lakh shares. The 6600 and 6700
Call strikes witnessed addition of 4.82 and 6.62 lakh shares, respectively. On
the other hand, 6500 and 6600 Put strike saw additions of 3.25 and 1.55 lakh
shares, respectively. STOCK NIFTY TIPS
The Nifty is likely to open flat on the back of mix global cues. It is likely
to trade in the range of 6510-6580. The trading strategy would be to create
longs near 6520-6525 for targets of 6555 and 6575. On the other hand, one can
enter shorts if the index finds resistance near 6580-6585.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 18, 2014, 09.28 AM IST
Nifty may
trade between 6450-6560: Magnum Equity Broking
According to Magnum Equity Broking,
Nifty is likely to trade between 6560 and 6450 with positive biasness.
Indian market edged higher on Friday as strong
buying by foreign investor’s boosted blue-chips such as Larsen and Toubro and
kept both indexes not too far from their record highs, although some caution
was setting in about the pace of recent gains.
The Sensex rose 0.16 percent, or 35.19 points, to end at 21,809.80 points, not
far from a record high of 22,023.98 points hit on Monday. It fell 0.5 percent
for the week. The Nifty added 0.17 percent to 6,504.20 points, off an all-time
high of 6,562.85 hit on last Tuesday. The index fell 0.34 percent for the week. STOCK NIFTY TIPS
US stocks rallied on Monday, with the Dow industrials rebounding after a
five-day losing streak, as voting in Crimea passed without violence and after
economic reports had US manufacturing output jumping the most in six months in
February. Asian equity markets rose on Tuesday, stabilising after recent
volatility, as the implementation of sanctions on Russia lifted global risk
appetite.
Global cues are upbeat today with them SGX Nifty is showing 13 points up move
in morning trade indicating that Indian market would open positive today and
Nifty is likely to trade between 6560 and 6450 with positive biasness.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 14, 2014, 09.20 AM IST
See
negative opening: Ventura Securities
According to Ventura Securities, market may open on negative note on the back
of weak global cues.
Sensex, on Thursday, fell by 82 points and
closed at 21,775, as investors booked profits in some of the recent
outperformers that propelled indexes to record highs earlier this week.
Among the stocks, Infosys , Sun Pharma and Sesa Sterlite were the ones which
declined the most while among sector indices, Realty, IT and Teck ended on a
negative note. Market breadth was negative with 1,265 advances against 1,534
declines.
Nifty was down by 24 points and closed at 6,493. Today we expect the markets to
open on a negative note on the back of weak global cues. NSE TIPS
US markets ended on a negative note with Dow Jones and Nasdaq down by 1.4
percent and 1.5 percent respectively, as weaker-than-forecast data from China
and tension in Ukraine overshadowed reports showing an improving American
economy. Today, US markets will witness data releases on PPI and Prelim UoM Consumer
Sentiment.
Asian markets are trading negative with Nikkei and Hang Seng down by 2.7
percent and 1 percent respectively. SGX Nifty is trading down by 41 points at
6,484.
Indian ADRs ended on a negative note. Among financial ADRs, ICICI Bank and HDFC
Bank were down by 2.8 percent and 0.5 percent respectively. Among IT ADRs,
Wipro and Infosys were down by 2.8 percent and 2.7 percent respectively. Tata
Motors was down by 1.9 percent.
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 12, 2014, 09.40 AM IST
Indian
rupee opens at 61.12 per dollar; down 18 paise
The continued compression in current account deficit (CAD) coupled with a
pick-up in capital flows has created a constructive balance of payment (BoP)
environment for the rupee, says Rohini Malkani of Citi.
The Indian rupee declined in early trade on
Wednesday. It opened lower by 18 paise at 61.12 per dollar as against 60.94 a
dollar Tuesday.
Rohini Malkani of Citi said continued compression in current account deficit
(CAD) coupled with a pick-up in capital flows has created a constructive
balance of payment (BoP) environment for the rupee.
However, he does not expect the rupee rally to extend beyond 60/dollar as he
feels RBI would step in to rebuild reserves and increase the forex import
cover. FREE TRAILS TIPS
The yen held onto gains early on Wednesday while investors kept their distance
from risk currencies such as the Australian dollar amid worries about China's
economic health.
The euro pulls back helping the US dollar index edge up towards 80 levels.
Also Read - Barclays pegs Re at 59 on poll-push, lower CAD & inflation
www.Shristocktips.com
Mar 11,
2014, 10.40 AM IST
Short sell
caps goods; see upside in SBI, PNB: InvestWorks
Gopi Suvanam, Founder, InvestWorks is of the view that since the Nifty has not
yet reached the peak in terms of PE, so market could see another 2-3% upside
but not more.
Banks being high-beta sector still have some upside left in them. So, investors
could look at banks like State Bank of India and Punjab National Bank that have
still not reached their earlier peaks says Gopi Suvanam, Founder, InvestWorks
in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy. They could
make good range bound trades thinks Suvanam.
However, he advises against investing in ICICI Bank since it is already at 52
week highs, he adds. STOCK TIPS
With regards to the capital goods stocks that have already seen 52 week highs
like Larsen and Toubro , Siemens , Crompton Greaves he recommends short selling
some of them, especially L&T.
According to him, market in the near-term is sure to remain volatile and there
could be lot of Put and Call covering.
Also read: Sensex likely to pause; buy every dip: Altaira
He is of the view that since the Nifty has not yet reached the peak in terms of
price to earnings (PE), so market could see another 2-3% upside but not more.
“The PE values are - we are about 18.3 backward looking PE, whereas last year
we touched 19,” says Suvanam.
The Indian growth story he says may not be dependent on only on growth of
capital goods sector but there are other sectors like exports, textiles.
www.Shristocktips.com
Mar 07, 2014, 09.56 AM IST
See Nifty
in 6200-6500 range; buy selectively: Choksey
Nifty could trade between 6200-6500 levels and the moment it crosses 6500, it
may have steam left for another 150-200 points says Deven Choksey.
Deven Choksey, MD, KR Choksey Shares &
Securities is not surprised at the market rally because market has the tendency
of building longs months ahead of the elections. This trend has been confirmed
with last month's rollover, he says.
Nifty, he says could trade between 6200-6500 levels and the moment it crosses
6500, it may have steam left for another 150-200 points.
History suggests that in four out of five general elections, the market has
gone up anywhere between 5-35%, so the momentum is sure to continue going
forward. FII flows too have continued pouring in, he says in an interview to
CNBC-TV18's Latha Venkatesh and Sonia Shenoy. NIFTY TIPS
Choksey advises selective buying, and says if the Nifty comes closer to 6300
level then it would be a buy opportunity.
www.Shristocktips.com
Mar 06, 2014, 10.30 AM IST
Indian rupee trading at 2.5 month high
Overseas investors bought Indian shares worth USD 119.46 million on Wednesday,
extending their buying streak to a 14th consecutive day for a net of about USD
800 million, provisional exchange data shows.
The rupee is trading at 61.45/46, its highest
level since January 17 and above its close of 61.75/76 on Wednesday, on the
back of positive sentiment about equity market inflows ahead of general
elections next month.
The rupee is seen moving in a 61.40 to 61.60 range.
Also read: Rupee has resistance at 62.35/62.55: ICICIdirect.com
Almost all Asian currencies gain on easing worries about the standoff in
Ukraine.
Traders say a narrower current account deficit also helping the rupee slightly
though the figure was widely expected. OPTION TIPS
Data post-market hours showed India's balance of payments swung back into
surplus during the October-December quarter, helped by government curbs on gold
imports, after two quarters in deficit.
Overseas investors bought Indian shares worth USD 119.46 million on Wednesday,
extending their buying streak to a 14th consecutive day for a net of about USD
800 million, provisional exchange data shows.
The BSE Sensex is trading up 0.4 percent.
www.Shristocktips.com
Mar 05, 2014, 09.25 AM IST
Resistance for Nifty at 6320-6350:
Way2Wealth.com
According to Way2Wealth.com, Nifty will face stiff resistance around 6320-6350
levels and from those levels profit booking is expected.
Indian bourses opened on flat note in
yesterday’s session but soon bulls took control of the markets and drove nifty
towards 6300 levels. Fresh buying was seen in banking, capital goods, oil &
gas, metals and infra sector that helped Nifty to close above its stiff
resistance zone of 6280 levels gaining almost 77 points.
Fresh long positions were added in Nifty and Bank Nifty fut. whereas CNXIT fut.
saw profit booking from higher levels. Nifty fut. added almost 10.85 lakh
shares whereas premium increased to 36 points from 17 a day before. Unwinding
of short positions was seen in metals, power and telecom sector. Major short
covering was seen in stocks like YES Bank , Tata Global , Power Grid , Sesa
Sterlite , Reliance Infra and Hindustan Zinc .
Long positions were added in stocks like Tata Chemicals , MRF , Axis Bank ,
ICICI Bank , Century Textiles and Crompton Greaves . Selected short buildup was
seen in technology sector and stocks like HCL Tech , Dr Reddys Labs , Sun
Pharma , Glenmark Pharma and Jaiprakash Associates .
Continuing bullish trend, markets will open on strong note and thereafter will
continue to trade with positive biasness. However on higher side Nifty will
face stiff resistance around 6320-6350 levels and from those levels profit
booking is expected. NSE FREE TIPS
Disclaimer: The views and investment tips expressed by investment experts on
moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking
any investment decisions.
www.Shristocktips.com
Mar 03, 2014, 09.20 AM IST
Indian rupee opens at 61.94 per dollar; down 18 paise
Expect rupee in a range of 61.75-62.15/USD for the day, says Agam Gupta of Standard Chartered.
The Indian rupee slipped in the early trade today. It has opened lower by 18 paise at 61.94 per dollar versus 61.76 Friday.
The Japanese yen rose across the board this morning, while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighboring country.
The safe-haven Swiss Franc was also in favor, rising to its highest in over a year against the Euro. Earlier, the euro hit its highest level against the dollar this year on Friday. SHARE TIPS
Agam Gupta of Standard Chartered said, "Expect rupee in a range of 61.75-62.15/USD for the day."
"Exporters will look to sell on upticks while the nationalised bank demand will protect the downside for the pair," he added.
www.Shristocktips.com
Nifty ended the day with a gain of 20 points at
7684. Amongst the sectoral indices the BSE FMCG index was the outperformer
whereas BSE CG index was the laggard in today's trade. Nifty is now approaching
a key resistance level of 7731. If it is unable to clear this resistance then
we expect a decline back till 7600-7580 range in the immediate term. On the
lower side Nifty has a very important support placed at 7440 on a positional
basis.
Combining the above to pattern formations it is
evident that 7680-7700 is immediate supply zone. In the coming week if Nifty is
unable to move above the mentioned supply zone then it is likely to test
7580-7500-7410 levels. However if Nifty trades above the mentioned supply zone
then 7808 is major resistance.
The Sensex and Nifty edged lower in a volatile
session on Thursday as Finance Minister Arun Jaitley's pledge to narrow the
fiscal deficit and open up sectors such as insurance and defence were offset by
disappointment over the lack of major reforms. NSE Nifty ended 0.23 percent
lower at 7,567.75. It had earlier fallen as much as 1.4 percent to its lowest
in nearly 2-1/2 weeks in an initial bout of profit-taking. The BSE Sensex
closed 0.28 percent lower at 25,372.75.
