Apr 03, 2013, 09.44 AM IST
Nifty may touch 5800: Aditya Birla Money
According to report by Aditya Birla Money, as long as support at 5720 holds in Nifty, up move to continue towards 5800 levels.
Nifty traded with a positive bias edging higher towards 5750 zone. Nifty has been moving up in a rising channel with the up move of last three days. As long as the rising trend line at 5720 holds, the index could edge higher towards 5800 levels. If however the rising trend line at 5720 is breached, the index could correct the recent rise edging lower towards 5670-5650 levels. Daily momentum has given a positive crossover from oversold zone indicating that any fall now is likely to witness good buying interest.STOCK MARKET FREE TIPS
Outlook and strategy:
As long as support at 5720 holds, up move to continue towards 5800 levels.
Bank Nifty traded with a positive bias edging higher towards 11600 zone. For the day, resistance at 11600 zone is crucial; failure to breach past would lead to the index correcting the run up of last 3 days towards 11350-11300. On the lower side breach of support at 11500 would be first sign of weakness creeping in. If however the index is able to breach and sustain above 11600, the ongoing rally could extend towards 11800 levels. Daily momentum has given a positive crossover from oversold zone indicating that any fall now is likely to witness good buying interest.
Outlook and strategy:
Strong resistance at 11600 zone; breach and sustenance would lead to up move continuing towards 11800 whereas failure to sustain would lead to selling pressure creeping in pushing prices lower towards 11350-11300.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Nifty traded with a positive bias edging higher towards 5750 zone. Nifty has been moving up in a rising channel with the up move of last three days. As long as the rising trend line at 5720 holds, the index could edge higher towards 5800 levels. If however the rising trend line at 5720 is breached, the index could correct the recent rise edging lower towards 5670-5650 levels. Daily momentum has given a positive crossover from oversold zone indicating that any fall now is likely to witness good buying interest.STOCK MARKET FREE TIPS
Outlook and strategy:
As long as support at 5720 holds, up move to continue towards 5800 levels.
Bank Nifty traded with a positive bias edging higher towards 11600 zone. For the day, resistance at 11600 zone is crucial; failure to breach past would lead to the index correcting the run up of last 3 days towards 11350-11300. On the lower side breach of support at 11500 would be first sign of weakness creeping in. If however the index is able to breach and sustain above 11600, the ongoing rally could extend towards 11800 levels. Daily momentum has given a positive crossover from oversold zone indicating that any fall now is likely to witness good buying interest.
Outlook and strategy:
Strong resistance at 11600 zone; breach and sustenance would lead to up move continuing towards 11800 whereas failure to sustain would lead to selling pressure creeping in pushing prices lower towards 11350-11300.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 25, 2013, 10.01 AM IST
Rupee near one-week high on debt rules, risk sentiment
The rupee is near a one-high in line with positive global risk sentiment and on the government move to allow investment in debt by foreigners, traders said. The pair at 54.09/10 versus 54.33/34 Friday close, hitting its lowest level since March 19 in trade.
 |
India will ease restrictions for foreign institutional investors in government and corporate bonds next month to attract inflows and help fund a widening current account deficit, Finance Minister P. Chidambaram said on Saturday.
The euro rose broadly on Monday after Cyprus clinched a deal with international lenders for a bailout aimed at saving the country from financial meltdown.
Mar 25, 2013, 09.44 AM IST
BSE Sensex leaps 120; realty, oil & gas lead early gainers
Equity benchmarks surged in early trade after six consecutive sessions of decline. Market experts attributed the recovery mainly to technical factors, as shares were beginning to look oversold, and also due to the firm trend in global markets. However, they are skeptical if the recovery can be sustained.
 |
The BSE Sensex was up 121 points at 18856, and the Nifty was up 37 points at 5688.
Realty, oil & gas, and banking shares were among the notable gainers in early trade. State-owned oil marketing companies are trading firm following the hike in diesel prices over the weekend.STOCK FREE TRAILS
"India is like an uninvited guest at the global party at the moment," said Samir Arora of Helios Capital, who expects the mood to remain subdued for a while.
He says that India's fundamentals may appear good relative to some other BRIC markets, but that is not good enough to attract sustainable money flows into shares.
This is a truncated trading week, with the market closed for trading on Wednesday and Friday for Holi and Good Friday respectively.
ONGC is the top gainer among frontline shares, up around 3 percent. Other key gainers at this hour include Core Projects, GMR and United Breweries, up around 3 percent each.
Anu Jain of IIFL says a short term pullback on the Nifty is very much on the cards, but traders should be cautious once the index moves into the 5730-5780 range.
Hemant Thukral of Aditya Birla Money says the market could rise on short covering of derivative positions. He says rollover of positions has been lower than average as the cost of rollover has increased. This could prompt many short sellers to cover up their positions rather roll them forward.
On the downside, Thukral sees 5650 as a strong support for the Nifty.
Independent investment advisor SP Tulsian sees SAIL stabilising close to Rs 60, as investors will be uncomfortable at the fact that a sizeable chunk of the offer-for-sale issue has been picked up by domestic institutions.
Among state-owned oil marketing companies, Tulsian is bullish on HPCL. He is bearish on Delta Corp, and feels the stock will not be able to sustain Friday's pullback. That is a view shared by technical analyst Sudarshan Sukhani, who is recommending selling the stock short. Among oil marketing companies, Sukhani is bullish on BPCL.
www.Shristocktips.com
Mar 22, 2013, 09.58 AM IST
Live Market Updates: Sensex, Nifty up a bit; M&M up 2% on SUV excise cut hope
Sluggish start to the session, with the Sensex and Nifty choppy in early trade. The indices have been falling for four consecutive sessions, and buyers are still apprehensive in the absence of any positive fundamental trigger.
 |
The indices have been falling for four consecutive sessions, and buyers are still apprehensive in the absence of any positive fundamental trigger.
Sensex up 25 points at 18818, and the Nifty up 11 points at 5670.
Gautam Trivdei of Religare sees the market bouncing back, even if the pullback could be shortlived. He sees 5615 as a key support for the Nifty.
M&M up 2 percent on speculation that higher excise duty on Sports Utility Vehicles (SUVs) imposed in the Budget, may be reversed.NSE BSE TIPS
Pidilite, Dabur, Marico, Jet other key gainers at this hour, up around 2 percent each.
MMTC top loser, down 5 percent on concerns of the offer-for-sale price being at a steep discount to the market price.
SKS Microfinance up 6 percent after steep fall Thursday. But PN Vijay says while microfinance itself is a good concept, this is not the right environment to be investing in that sector.
Karun Mutha of HSBC Direct Invest is advising clients to shun the midcap space and go long on banking and IT shares. His F&O strategy is to buy Nifty 5700 call option and sell Nifty 5600 put option.
Technical analyst Sudarshan Sukhani is advising clients to focus on individual stocks and not take a call on the Nifty as it has been too volatile. He says the index is in a downtrend and even if it manages to pullback briefly, 5750 would be a difficult level to pierce on the upside.
Sukhani is bearish on ICICI Bank and is advising a short sell with a target of 980. He is bullish on SKS Microfinance and Bajaj Auto.
www.Shristocktips.com
Mar 22, 2013, 09.23 AM IST
Below 5688 Nifty may fall to 5619-5578: Angel Broking
Angel Broking has come out with its report on Indian markets. According to the research firm, if Nifty trades below 5688 levels for the first half-an-hour of trade then it may correct up to 5619-5,578 levels.
 |
Indian markets are expected to open in the red tracking negative opening trades in SGX Nifty and most of the Asian markets. The US markets moved mostly lower on Thursday, offsetting the gains posted in the previous session. The correction came as worries about the situation in Cyprus overshadowed a batch of largely upbeat US economic data. The major averages ended the day in negative territory but off their lowest levels of the session. Meanwhile the European markets also finished in negative territory on Thursday.NSE FREE TIPZ
Uncertainty surrounding Cyprus continued to weigh on investor sentiment after the country's lawmakers blocked a bank tax and the ECB gave the country an ultimatum. Weaker-than-expected European economic data also contributed to the negative mood Indian shares ended a volatile session lower on Thursday amid worries that the ongoing political uncertainty may derail reforms. Investors fear that the government may resort to populist measures with an eye on elections scheduled in early 2014. Global cues were subdued, further dampening investor sentiments.
Markets Today:
The trend deciding level for the day is 18,859/5,688 levels. If Nifty over this level during the first half-an-hour of trade then we may witness a further rally up to 18,962-19,131/5,7285,798 levels. However, if Nifty trades below 18,859/5,688 levels for the first half-an-hour of trade then it may correct up to 18,69018,588/5,6195,578 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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, 2013, 10.03 AM IST
Live Market Updates: BSE Sensex opens in green; Bharti Airtel up 3%
The benchmark index BSE Sensex opened in green after the US Federal Reserve maintained its commitment to a very accommodative monetary stance, and market nerves over the Cyprus bailout wrangling calmed.
The benchmark index BSE Sensex opened in green today following positive global cues. The US Federal Reserve yesterday maintained its commitment to a very accommodative monetary stance and the wrangling market nerves calmed on the back of Cyprus rejecting the terms of the European Union bailout. The Sensex seems to have recovered on the back of global positivity.
 |
Selective buying was seen in metal and banking stocks. Auto stocks continue their downward journey on worries of slowdown in sales.
Top gainers in the Sensex were beaten down stocks like Bharti Airtel, ICICI Bank, Jindal Steel, Tata Steel and Tata Power. Full list
Tata Motors was the top loser in the Sensex followed by Mahindra and Mahindra, ONGC, ITC and Hero Motocorp. Full list
Buzzing Stocks
SAIL will remain in focus today. The government will divest 5.82 percent stake which will be offloaded via offer-for-sale (OFS) issue tomorrow. The EGoM, headed by finance minister P. Chidambaram will decide the floor price of OFS today. The stock was down 1 percent.
HDIL hit a fresh 52-week low in morning trade. The stock was down 2% amid high volumes. The realty major cracked more than 20% in yesterday’s trade on concerns of downgrade by rating agency CARE. Over 1.8 crore shares were delivered on both exchanges.
Manappuram General Finance shed its early morning gains after the company's management guided an under-recovery of Rs 250 crore in the fourth quarter of financial year 2013. I. Unnikrishnan, executive director, told CNBC-TV18 "We expect a loss of Rs 50 crore in the fourth quarter."
STOCK MARKET FREE TIPS
The Cabinet Committee on Investment (CCI) cleared Reliance Industries Limited’s (RIL) KG-D6 block and gas discovery area NEC-25 along with 3 other areas. The stock was trading flat.
Global Cues Positive
US stocks added to gains after the Federal Reserve said it was pressing forward with aggressive efforts to stimulate the economy. Asian shares inched higher and the dollar was underpinned on Thursday.
Indian Rupee flat
The Indian rupee opened almost flat at 54.29 per dollar against the Wednesday's close of 54.36.
The euro strengthened from a four- month low against the dollar as Cyprus sought alternatives to the European Union plan to help the nation avoid a banking collapse and the Federal Reserve maintained stimulus measures. The dollar index slipped below the 83 mark.
www.Shristocktips.com
Mar 21, 2013, 09.32 AM IST
Nifty may rally upto 5732-5770: Angel Broking
Angel Broking has come out with its report on Indian markets. According to the research firm, the trend deciding level for the day is 5707 levels. If Nifty trades above this level during the first half-an-hour of trade then may witness a further rally up to 5732-5770 levels.
 |
Indian markets are expected to open flat to positive tracking positive opening in most of the Asian markets, backed by better than expected manufacturing data from China with its PMI index for March coming in at 51.7 from 50.4 in February. US stocks ended higher over the course of the day yesterday after the Federal Reserve said it would continue to support the US economy. The FOMC decided to keep the target range for the federal funds rate at zero to 0.25% and said it would continue its asset purchase program at a pace of US$85bn a month.NIFTY FREE TRADING TIPS
In his subsequent press conference, Federal Reserve Chairman Ben Bernanke expressed confidence in the economic recovery but indicated that the central bank would maintain its quantitative easing program for the foreseeable future. Also, market gained early strength as Cyprus' parliament rejected a proposed Cyprus European Union bailout plan that would tax bank deposits. Indian markets extended losses yesterday on continued political uncertainty despite Finance Minister P Chidambaram dismissing reports of threat to the government in the aftermath of the withdrawal of support to the ruling UPA coalition by the DMK over the issue of alleged human rights violations of Sri Lankan Tamils. Worries about situation in Cyprus also kept investor sentiment subdued.
Markets today-
The trend deciding level for the day is 18,916/5,707 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,996 19,108/5732-5770 levels. However, if Nifty trades below 18,916/5,707 levels for the first half-an-hour of trade then it may correct up to 18,805-18,725/5,669-5,644 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 20, 2013, 09.53 AM IST
Nifty likely to trade in 5800-5700 range: Magnum
Magnum Research has come out with its report on Indian markets. The research firm says Nifty is likely to trade between 5800-5700 with downward biasness.
 |
Indian markets fell the most this month on Tuesday after the DMK's withdrawal from the ruling UPA coalition raised doubts about the fate of the government's reforms and the RBI stuck to a cautious stance on monetary policy. BSE Sensex fell 1.48 percent, or 285.10 points, to 19,008.10, its lowest close since March 4 and biggest fall since Feb 28. NSE Nifty fell 1.53 percent, or 89.30 points, to 5,745.95. The RBI lowered the repo rate by 25 basis points on Tuesday for the second time this year in a bid to help revive growth in Asia's third-largest economy, but warned that the scope for further easing is limited.
The rate cut was overshadowed by a political crisis in the governing coalition when a key ally quit, raising fresh doubts about Prime Minister Manmohan Singh's ability to push through a late burst of reforms and win back investors' confidence. In its mid-quarter policy review, the Reserve Bank of India lowered its policy repo rate to 7.50 percent as expected. The reverse repo rate is now at 7.50 percent. It also left the cash reserve ratio for banks unchanged at 4.00 percent, in line with expectations. The uncertainty over the political and economic outlook comes as a radical bailout for Cyprus is roiling global markets, raising concerns about foreign investor inflows.FREE TRIALS NIFTY
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits. US Stocks cut their losses in the final hour of trading to close narrowly mixed Tuesday, after lawmakers in Cyprus overwhelmingly voted against the controversial bank bailout deal. Global cues are not positive today with them SGX Nifty is showing 18 point cut in morning trade indicating that Indian market would open little soft today and Nifty is likely to trade between 5800 and 5700 with downward biasness.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 20, 2013, 09.48 AM IST
Nifty may retest recent low of 5663: Angel Broking
Angel Broking has come out with a technical report on Indian markets. According to research firm, indices may re-test recent swing low of 18760 / 5663.
 |
The report says, "Yesterday, during the opening trade indices tested the mentioned resistance zone of 19396 / 5861 and immediately drifted lower to test Monday’s low of 19232 / 5814. High volatility was seen just before the announcement of ‘RBI Monetary’ policy. However, the RBI policy was overshadowed as the market witnessed a sudden fall after DMK chief M Karunanidhi quit the congress-led UPA government expressing disappointment on India’s stand over Sri Lanka at the UNHRC (United Nation Human Right Council). This triggered immense pessimism in the market and indices tested March 05, 2013 low of 18943 / 5722 to close marginally above day’s low."
NIFTY FREE TIPZ
"Going forward, if indices sustain below 18930 / 5712 (high on March 04, 2013), then we may witness continuation of the current down move. In this case, indices may re-test recent swing low of 18760 / 5663. On the flipside, 17179 19244 / 5791 5817 levels would act as intraday resistance in coming trading session," the report added.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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, 2013, 09.56 AM IST
Nifty has strong support around 5800: Way2Wealth
Way2Wealth has come out with its derivative report. According to the research firm, for today Nifty will continue to see strong support around 5800 levels. From those levels short covering coupled with fresh buying is expected that may take nifty towards 5900-5950 levels in short term.
 |
On back of weak global indices, Indian bourses opened on negative note but on lower side found support around 5800 levels and saw recovery from those levels. However indices failed to sustain above 5850 levels and saw selling pressure in last hour of trading and finally closed around 5835 levels down by almost 37 points.
FREE TRIALS
After yesterdays profit booking session, for today Nifty will continue to see strong support around 5800 levels. From those levels short covering coupled with fresh buying is expected that may take nifty towards 5900-5950 levels in short term.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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, 2013, 09.49 AM IST
BSE Sensex flat ahead of RBI policy, ICICI gains
After a weak closing on Monday, benchmarks opened stable ahead of Reserve Bank of India's mid-quarter monetary policy review, suggesting a rate cut has been factored in.
 |
Technology and banking were lending support to the market. Top gainers on the Sensex were Bajaj Auto, ICICI Bank, Maruti Suzuki and GAIL adding over 1 percent each.
The midcap index gained around 0.2 percent while the lead gainers included Balrampur Chini, Bank of Maharashtra and Orchid Chemcial.NIFTY FREE TIPS
However, on the losing side were Coal India, TCS, BHEL and Dr Reddy’s lab slipping just about 1 percent each.
Manappuram Finance lost 7.95 percent, Steel Authority of India dipped 3.77 percent while Jet Airways fell 1 percent.
www.Shristocktips.com
Mar 18, 2013, 09.52 AM IST
Live Market Updates: Sensex opens down 160 pts, Coal India crashes 4%
The market has opened on a weak note as global cues were not supportive. The Sensex lost 159.36 points at 19268.20 while the Nifty was down 47.15 points or 0.80% at 5825.45.
|
Biggest losers on the Sensex were Coal India (down 4.3 percent), Bharti Airtel (down 2.3 percent) and Hindalco (down 1.9 percent).
Investors of Coal India were reacting negatively to government's plan to divest 10 percent in the company. The government hopes to mop up Rs 20,000 crore helping to reach atleast half of the divestment target of Rs 40,000 crore in FY 14.
NSE BSE TIPS
Bharti Airtel is likely to face another show cause notice for sharing its 3G airwaves with Vodafone and Idea, telecom department officials said.
Oil and gas (index down 1.1 percent) along with rate sensitive like BSE Bankex (down 1.2 percent) and BSE Realty (down 1.6 percent) were on the downside. Investors seem to be cautious ahead of the Reserve Bank of India's mid-quarter monetary policy on March 19.
Among the banking stocks, ICICI Bank (down 1.8 percent), Axis Bank (down 2.8 percent) and HDFC Bank (down 0.8 percent) were still reeling under the money laundering expose.
Meanwhile, FMCG and technology stocks seemed to be supporting the market. On the gainers side were HUL (up 1 percent), Sun Pharma and Cipla.
www.Shristocktips.com
Mar 18, 2013, 09.21 AM IST
Nifty has support at 5820-5800: Nirmal Bang
Nirmal Bang has come out with its technical report on Indian market. According to the research firm, Nifty has an immediate support at 5820-5800 levels on the downside and on a decisive close expect declines to 5750-5720 levels. There is a strong resistance at 5920 levels and one should maintain a sell on rise approach.
 |
Market Review:
Indian markets settled lower with benchmark indices falling over 1% during the week. IIP data came in above expectations and the core inflation also fell below the 4% mark. However, rise in CPI and WPI inflation remains is a cause of concern. Domestic markets underperformed the global markets. On sectoral front, Consumer durables, Bankex and Auto were badly hit over the week. The 30-share index, Sensex declined 255.67 points or 1.30% over previous week to 19,427.56. On the other hand, the broad based NSE Nifty dipped 73.10 points, or 1.23%, to 5,945.7. Meanwhile, BSE Midcap and Smallcap index declined 1.56% and 2.44% respectively
Nifty Technical Outlook:
There is an immediate support at 5,820-5,800 levels on the downside and on a decisive close expect declines to 5750 & 5720 levels. There is a strong resistance at 5920 levels and one should maintain a sell on rise approach as most of indicators have generated a sell signal.NIFTY SURE FREE TIPS
Bank Nifty:
The Bank Nifty faces strong resistances around the 11,780 levels on the upside expect selling pressure to continue at higher levels. There is an Immediate Support at 11,700 levels on the downside and on close below expect decline to 11,620 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 15, 2013, 10.03 AM IST
Nifty has immediate resistance at 5920-5940: Nirmal Bang
Nirmal Bang has come out with its technical report on Indian markets. According to the research firm, Nifty has immediate resistance at 5920-5940 levels on the upside and support resides at 5870-5850 levels on the downside. One can expect trending action only on breach of either side, till then expect ranging action to continue in the near term.
 |
Market Review:
Indian markets moved up sharply ending three-day losing streak on Thursday led by banking and real estate stocks on hope the fall in core inflation could provide RBI some room to ease rates on Mar. 19. At the close, the benchmark 30-share index, BSE Sensex gained 207.89 points or 1.07% at 19,570.44 with 23 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 59.30 points or 1.01% at 5,910.50 with 40 components registering rise.
Nifty Technical Outlook:
There is an immediate resistance at 5,920-5,940 levels on the upside and support resides at 5,870-5,850 levels on the downside. One can expect trending action only on breach of either side, till then expect ranging action to continue in the near term.
Bank Nifty:
The Bank Nifty faces strong resistance around the 12,120 levels on the upside and on a decisive close above expect rise to 12,280 & 12,400 levels. There is an Immediate Support at 11900 levels on the downside.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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, 2013, 10.13 AM IST
Rupee lower ahead of inflation data
The rupee opens lower, tracking the global dollar's strength, says dealers. The pair is at 54.35/36 versus Wednesday's close at 54.30/31.
 |
The US dollar hovered at seven-month highs against a basket of currencies on Thursday as investors warmed to the greenback following bullish economic data.
The ent is likely to scale back the size of the its planned auction of shares in National Aluminium Co Ltd ( NALCO ), two sources with direct knowledge of the matter said.
February inflation, due 12 p.m., will be closely watched with any reading of below 6.5 percent likely to cement rate cut hopes.
The RBI chief comments on budget a positive trigger for rate cut hopes, though he said inflation remains high and stubborn.
Lower end of the perceived consolidation range of 54.00-55.20 held well on Wednesday as the market traded within the Fibo levels at either end (55.18 and 54.02).
www.Shristocktips.com
Mar 14, 2013, 10.07 AM IST
Rupee down 10 paise Vs dollar in early trade
The rupee today weakened by 10 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.
 |
Forex dealers said besides dollar's gains against other currencies overseas on strong US retail sales data, increased demand from oil importers for the American currency also put pressure on the rupee.
The rupee had lost 12 paise to close at 54.30 against the US dollar yesterday due to fall in local stock markets and renewed dollar demand.NIFTY TIPS
Meanwhile, the BSE benchmark Sensex recovered by 46.29 points, or 0.24 per cent, to 19,408.84 in early trade today.
www.Shristocktips.com
Mar 13, 2013, 09.48 AM IST
BRIC pack will be history; big sell-off ahead: First Global
Brokerage house First Global sees the Emerging Markets story collapsing over the next few months, with the BRIC pack (Brazil Russia India China) faring the worst.
 |
"Global markets are headed for a big fall, but it is emerging markets, within which the BRIC pack, which will get decimated . Much like what happened in 2008," says the First Global strategy note, provocatively titled ‘The BRIC pack will soon be on the History Channel.’
First Global is highly bearish on financials and metals, and says these sectors could bear the brunt of the sell-off. The report takes potshots at market strategists who are betting on a recovery in BRIC market.
FREE TIPS
"Speaking of Strategists, if you thought Brazil, Russia, China and India have done badly and hence, are due for a rally, based on the views generally being expressed by these Strategists (beats me who pays for the nonsense written by these guys, consistently over the years), then go take a cold shower. And follow that up with another cold shower," says the note, adding that the next few months are going to every bit as exciting as 2008 was, for global equities.
Mar 13, 2013, 09.28 AM IST
Nifty may slip to 5888-5862: Angel Broking
Angel Broking has come out with its report on Indian market. According to the research firm, if Nifty trades below 5920 levels for the first half-an-hour of trade then it may correct up to 5888-5862 levels.
 |
Indian markets are expected to open in the red tracking negative trade in the major Asian Indices like Hangseng, Shanghai and Nikkei which are lower by 0.3percent to 0.6percent. SGX Nifty too is currently trading lower by ~0.3percent. US markets were weak on Tuesday after having a strong rally over the past few trading sessions. The modest weakness on Wall Street is attributable to profit booking by traders after the strong rally. US markets will keenly await the release of key reports during the week on industrial production and consumer price inflation. European markets were mixed on Tuesday as weaker than expected British industrial production data led to some negative investor sentiment in certain markets.
However, positive news flows from US resulted in gains for other markets. Meanwhile India’s Key benchmark indices fell on Tuesday for second consecutive day. There was a positive news on the macro economic front, as the IIP for the month of January 2013 improved to 2.4percent yoy as compared to de-growth of 0.5percent yoy in December 2012 and 1.0percent yoy growth in January 2012. However, the hopes of rate cut announcement in RBI quarterly review receded as retail inflation in February 2013 accelerated to 10.91percent vs. 10.79percent in January 2013.
Markets Today-
STOCK TRADING TIPS
The trend deciding level for the day is 19,589/5,920 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19,673-19,782/5,946-5,978 levels. However, if Nifty trades below 19,589/ 5,920 levels for the first half-an-hour of trade then it may correct up to 19,481 19,397/5,888-5,862 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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, 2013, 09.51 AM IST
Rupee higher on selling interest; factory output data eyed
The rupee higher in opening trades, tracking gains in Asian FX, positive regional stocks. The pair is at 54.26/27 versus last close at 54.41/42.
 |
Private dealer says good selling interest seen with likely trading range in 54.05-54.45 band for the session.
January factory data likely to show 1.2 percent growth, Euro's recovery from Friday's slide also helping INR.
Share sales inflows will be watched with National Aluminium Co likely to fetch $260 million for the government later this week.
Financial Express reports the government may raise foreign fund limit in debt to $100 billion, a move if happens will be INR positive.
Mar 12, 2013, 09.25 AM IST
Sensex has resistance at 19730-19810: ICICIdirect.com
ICICIdirect.com has come out with its report on Indian markets. According to the research firm, the Sensex has supports at 19580-19460 and resistances at 19730-19810.
|
Indian markets are expected to open flat to positive on the back of positive global cues. The markets witnessed partial profit booking on Monday to eventually close in the negative territory amid a volatile trading session. The market sentiment was subdued ahead of the key IIP data due for release today. The market sentiment was also subdued on the back of a steep decline in the domestic passenger sales volume in February 2013. According to the data released by Siam, domestic passenger car sales fell 25.7% YoY to 1,58,513 units in February 2013. The fall in the market was, however, limited on the back of better-than-expected export data.
SHARE TIPS
Indian exports continued their growth momentum and rose 4.25% YoY to US$26.3 billion in February 2013. Modest buying interest was seen in real estate, capital goods & healthcare sector stocks while selling pressure was witnessed in consumer durables, metals & IT sector stocks. The Sensex closed at 19646.2, down by 37 points while the Nifty ended at 5942.4, down by 3.3 points. The Sensex has supports at 19580 and 19460 and resistances at 19730 and 19810. The Nifty spot has supports at 5930 and 5900 and resistances at 5971 and 6010.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 11, 2013, 09.52 AM IST
Rupee opens lower on global dollar
The rupee opens lower, tracking global dollar gains against majors. Pair at 54.36/37 versus 54.42 open, 54.285/295 Friday close.
 |
USD hovered near a 3-1/2-year high against the yen and held an upper hand against other major currencies on Monday after remarkable growth in US employment added to optimism over recovery in the world's largest economy.
STOCK MARKET TIPS
A private bank dealer expects a 54.18-54.57 range for the session.
Trade data will be watched for export performance.
Share sales inflows that will be eyed later this month include Steel Authority of India Ltd that could raise USD 600 million and National Aluminium Co which could fetch USD 880 million.
Economic Times report on government likely to ease, remove FDI sectoral limits INR positive.
www.Shristocktips.com
Mar 11, 2013, 09.48 AM IST
Positive momentum to continue in Nifty: Dolat Capital
Dolat Capital has come out with its derivative report. OI unwinding was seen in ATM/OTM CE’s in last two trading sessions of the week because of which Nifty PCR has risen to 1.32 from 1.00. Expect positive momentum to continue.
 |
Nifty has risen by 4% since expiry. PSU Banks, pharma, power have seen major short covering. Longs were added in Tech, oil&gas, auto. Major PE writing was seen in 5700-5800 PE’s since expiry as a result of which both the strikes are now holding more than 9 mn shares suggesting good support. OI unwinding was seen in ATM/OTM CE’s in last two trading sessions of the week because of which Nifty PCR has risen to 1.32 from 1.00. We expect positive momentum to continue.NSE TIPS
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 08, 2013, 09.21 AM IST
See profit booking in Nifty at higher levels: Way2Wealth
Way2Wealth has come out with its derivative report. According to the research firm, on higher side Nifty will face stiff resistance around 5940 levels and can see some profit booking from those levels in second half of session.
 |
Yesterday, Nifty opened on flat note and thereafter for most part of the day indices were trading in narrow band of 15-20 points with no clear direction. However in last hour of trading sharp short NIFTY FREE TIPScovering coupled with fresh buying was seen across the board that helped indices to recover early losses and close at day’s high level of 5863 up by almost 45 points.
Markets are expected to open on flat note and will continue to see short covering from lower levels. However, on higher side Nifty will face stiff resistance around 5940 levels and can see some profit booking from those levels in second half of session.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 08, 2013, 09.15 AM IST
Markets may open flat to positive: ICICIdirect.com
ICICIdirect.com has come out with its report on Indian market. The research firm says, Indian markets are expected to open flat to positive on the back of positive global cues.
 |
Indian markets are expected to open flat to positive on the back of positive global cues. The markets opened on a weak note on Thursday morning but gained momentum towards the end of the trading session to eventually close in the positive territory. The market sentiment was subdued in early trade ahead of the crucial interest rate decision by the Bank of Japan and the European Central Bank. The markets, however, returned to the green post the positive opening of the European markets.NSE AND BSE TIPS
Modest buying interest was seen in real estate, capital goods and IT sector stocks while some selling pressure was witnessed in consumer durables and metal sector stocks. The Sensex closed at 19413.5, up by 160.9 points while the Nifty ended at 5863.3, up by 44.7 points. The Sensex has supports at 19320 and 19250 and resistances at 19510 and 19590. The Nifty spot has supports at 5830 and 5805 and resistances at 5890 and 5920.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 07, 2013, 09.50 AM IST
Nifty to find support at 5670-5730: Aditya Birla
Aditya Birla Money has come out with its derivative report. The research firm says total OI 49 and 58 lakh shares on other hand 5700 PE and 5800 PE saw further addition of 10 and 14 lakh shares with total OI at 94 and 70 lakh shares implying immediate Nifty will find support in band of 5670-5730 in short term.
|
Nifty PCR_OI increased at 1, with 5800 and 5900 CE saw unwinding of 1 and 2 lakh shares, total OI 49 and 58 lakh shares on other hand 5700 PE and 5800 PE saw further addition of 10 and 14 lakh shares with total OI at 94 and 70 lakh shares (PCR‐OI of 5800 sustaining above 1 at 1.7) implying immediate short term Nifty will find support in band of 5670-5730.
India VIX was flat 2% at 13.09, corrected from 6 mth high, well below 14 levels, we have to watch this level carefully if it remains below 14.5‐15 levels and moves back to 13.5, Bulls will have upper hand and Nifty technical rebound materialize till 5830-5850.
MCX AND NCDEX TIPS
FIIs continue to be buyers in Nifty Fut. Rs 191 Cr. (buying continues in Index Fut. some fresh longs seen); buying continues in INDEX Options 912 Cr (hedging starts as VIX back below 14 levels, 2770 Cr. worth options bought ), stock futures continue to be buyers 607 Cr; continue to be buyers in cash to the tune of 2524 Cr. volumes and participation increasing in cash front, on F & O front also some fresh longs in Nifty seen, implying pull back will face resistance in range 5830-5850 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 07, 2013, 09.18 AM IST
Nifty may rally upto 5833-5848: Angel Broking
Angel Broking has come out with its report on Nifty. According to the research firm, the trend deciding level for the day is 5814 levels. If Nifty trades above this level during the first half-an-hour of trade then may witness a further rally up to 5833-5848 levels.
 |
The Indian market is expected to open in the red today, mirroring negative opening trades in the SGX Nifty and mixed opening in the Asian markets. After moving notably higher over the course of Tuesday’s session, US stocks turned in a relatively lackluster performance during trading on Wednesday, amid uncertainty about the near-term outlook for the markets, following recent strength. The majority of the European markets ended Wednesday's trading session in negative territory.
STOCK TIPS
The markets were up in early trade, adding to the strong rally of the previous session. The better-than-expected private sector employment data released in the afternoon also provided support. However, those early gains began to erode in late trading. Investors will watch out for Thursday's announcement from the ECB, as well as the US jobs report on Friday. Meanwhile, Indian shares rose on Wednesday, mirroring strong global cues, with upbeat economic data from the United States and continued hopes for easy monetary policy in Japan and elsewhere underpinning sentiment.
Markets Today-
The trend deciding level for the day is 19,247/5,814 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19,299 -19,345/5,833-5,848 levels. However, if Nifty trades below 19,247/ 5,814 levels for the first half-an-hour of trade then it may correct up to 19,201-19,149/5,800-5,780 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 06, 2013, 10.08 AM IST
Upward move to continue in Nifty above 5790: Magnum
Magnum Research has come out with its report on Nifty. The research firm says on technical front Nifty has shown smart pullback on its daily chart yesterday and is indicating that if it is moves above 5790 then it is likely to continue its upward momentum again today.
 |
Indian market posted on Tuesday its biggest daily percentage gains this year on growing hopes the Reserve Bank of India will cut interest rates later this month, which boosted rate-sensitive stocks such as ICICI Bank and Tata Motors. BSE Sensex rose 1.4 percent, or 265.21 points, to end at 19,143.17, posting their biggest single daily gains since November 29. Gains come a day after indices end near the lowest close since November, hit on last Thursday. The broader Nifty rose 1.5 percent, or 85.75 points, to end at 5,784.25.
The gains were in line with global shares that rebounded sharply, reclaiming most of the previous day's steep losses, as investors bet major central banks would decide to keepNSE TIPS monetary policy loose at meetings this week. However, India's record-high current account deficit remains a key worry as it is increasing the dependence on foreign investments, making the country vulnerable to a sudden stop and reversal in fund inflows. On technical front Nifty has shown smart pullback on its daily chart yesterday and is indicating that if it is moves above 5790 then it is likely to continue its upward momentum again today.
STOCK MARKET FREE TIPS
Europe's top equity indexes bounced up to multi-year highs on Tuesday, buoyed by the breach of key technical levels, a crop of upbeat corporate outlooks and prospects of continued stimulus from global central banks. Almost four years after the bear-market low, the Dow Jones Industrial Average pierced through levels last seen in 2007 to close at a record high of above 14,200 on Tuesday.
Global cues are positive today with them SGX Nifty is showing 26 points up move in morning trade indicating that Indian market would open positive today and Nifty is expected to trade between 5840 and 5750 with positive biasness.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 01, 2013, 09.47 AM IST
India Budget 2013: Nifty flat post expiry, midcaps steady; Tech Mah up 2.32%
Post the steep correction on Thursday, which coincided with expiry, benchmark indices opened flat led by technology and infrastructure stocks.
 |
At 09.32 AM, the Sensex was up 6.57 points at 18868.11, and the Nifty moved up 3.55 points at 5696.60. Power Grid was the top gainer with 2.78 percent gains, followed by Jindal Steel. In the IT space, Wipro rose 1.40 percent, Infosys was up close to 1 percent, Tech Mahindra jumped 2.32 percent and Mahindra Satyam rose 1.7 percent. TCS, Howver, was down 1.04 percent. Mphasis was disowned after it reported lower-than-expected quarterly numbers.
The midcap index opened inNSE BSE FREE TIPS the green and beaten down stocks like GMR, Lanco, Core Eductaion etc made U-turn from their previous levels.
Whilst GAAR has been postponed by two years, the necessity of a Tax Residency Certificate (TRC) to avail the DTAA benefits also spooked investors. Top losers on the index at the moment are Lupin, DLF, ONGC, Cairn , Sun Pharma, Ranabxy Hindalco and NTPC.
Global markets were trading mixed. Dow, though stood within the striking distance of its all time high level of 14164.5, dropped its pace to close below the high point of the day. Investors lost interest towards the end of the day on dissapointing GDP numbers.
www.Shristocktips.com
Mar 01, 2013, 09.11 AM IST
Nifty likely to open flat: ICICIdirect.com
ICICIdirect.com has come out with its derivative report. According to the research firm, The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 5690-5760.
|
After initial volatile movement amid Budget announcement, VWAP selling in the second half of the session led the Nifty to its three-month lows at 5693 FIIs were net sellers in the cash segment to the tune of | 1317 crore (provisional) while they were net buyers in stock futures to the tune of | 513 Crore. India VIX declined sharply to 14.86 from16.23 (down 8.44%)
The March series is starting with highest open interest base at 5700 Put with 6.1 million shares. At the same time, noteworthy accumulation is visible at 5500 and 5600 Put strikes with 3.1 and 3.9 million shares, respectively. On the Call side, highest open interest base is placed at 5900 and 6000 Call strikes.
Nifty: The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 5690-5760. The trading strategy would be to create short positions if the Nifty resists at around 5755 levels for targets of 5720 and 5700. On the other hand, one can also create long positions if it takes support at around 5690 levels.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Thu, Feb 28, 2013 at 10:03
Jet Air up 6% as Etihad deal gets closer
Shares of Jet Airways climbed over 6 percent to Rs 569 after Etihad bought over three of its slots at Heathrow Airport for USD 70 million, which can be considered a step towards closing its proposed investment plans in the carrier.
 |
Though deal talks are on since September last year, there has been no conclusion on it as yet and both parties are in final stage of negotiations.
Etihad and Jet, both have said that discussions on the deal are still on.
Read This: Buy Jet Airways for long term: PN Vijay
According to CNBC-TV18 sources, Jet Air is learnt to have revised certain clauses pertaining to the Etihad deal. The airline has agreed to give four seats to Etihad on its Board.
Jet Air may also be open to price negotiations as well. The Jet-Etihad deal valuation is likely to be revised, said exclusive sources.
Earlier, the deal was stuck when Etihad said that instead of two it would want four members of Jet’s board. It had also said that in future
The deal was likely toSHARE MARKET FREE TIPS be announced last week, but Hamed bin Zayed al-Nahayan, chairman of Etihad Airways, told media that there were certain issues to be dealt with, before signing agreement with Jet Air.
Since September last year, reports of likely Jet-Etihad started doing rounds and it was only in December that Jet confirmed about it, saying that it is still in negotiation phase. “As and when the deal will happen, we will make an announcement,” it had said.
Etihad is keen to pick up 24 percent stakes in Jet Air at around USD 330 million. Both parties still need to discuss issues related to Board composition and revenue sharing model.
www.shristocktips.com
Thu, Feb 28, 2013 at 09:46
Live Market Updates: Nifty gains 38 points, Strides Acrolab loses 9%
As the market approaches the Budget presentation by the Finance Minister P Chidambaram, investors look hopeful. However, the market seemed to be losing early gains. The Sensex was up 128.33 points at 19280.74 while the Nifty gained 35.20 points at 5832.10.
 |
Catch all the Budget action here http://www.moneycontrol.com/budget2013/
Top gainers on the Sensex are ONGC, L&T and Coal India adding more than 2%. On the losing side are Dr Reddy’s Labs, Maruti Suzuki and ITC (down around 0.5% each).
Strides Acrolab lost 9% (CMP at Rs 893.95 on the BSE) as it announced to sell Agila specialties division to Mylan inc. for USD 1.6bn in cash and potential additional consideration of up to USD 250 million.
Atul Suri, trader warns that the Nifty may sink to 5500 if the current levels are not hold. He suggests looking for the next leadership in the market. According to Suri, IT and Oil & Gas may hold the trump card.
www.Shristocktips.com
Tue, Feb 26, 2013 at 10:11
Indian equity indices started
the Budget week on a dull note, with both major indices recording losses
for the first day of trade. According to UR Bhat, managing director of
Dalton Captial Advisors, this weakness in trade will continue going
forward.
In an interview to CNBC-TV18, Bhat explained that the market could trend lower for the next few weeks due to global concerns. With the Eurozone crisis rearing its head again, and a possible pullback of the US Federal Reserve’s quantitative easing program, investors are opting to pull out their money and stay on the sidelines. “Market could correct sharply in case of a risk-off trade on EU issues,” he added.
However, Bhat believes there is no reduction in the foreign institutional inflows (FIIs) into India.
Speaking about the upcoming Union Budget 2014, Bhat says that the market is likely to experience a bounce back in case the Budget surprises positively. “Otherwise, if the Budget is a non-event, the Nifty will consolidate between 5,700-5,900,” he said.
Below is an edited transcript of his interview with Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video.
Q: Rough cues globally over the last couple of days. Do you think we are setting into a global correction?
A: In the short term, maybe, because I think the position in the US on the debt ceiling negotiation between the Republicans and Democrats is sort of hardening. News from Europe continues to be quite bad, with the Italian election results causing more confusion and the downgrading of UK. All these seem to suggest that there are volatile times ahead at least for the next few weeks.
NSE BSE FREE TIPS
But at the same time, it is not as if the quantitative easing stance that developed markets have will be withdrawn anytime soon. So money would probably keep coming, but there would certainly be some trepidation because of all the events in the US, UK and the rest of Europe.
www.Shristocktips.com
Way2Wealth has come out with its
derivative report. According to the research firm, on lower side put
writing at 5800 levels will act as strong support for Nifty
whereas on higher side call writing has been seen at 5900-6000 levels
and that will continue to be a stiff resistance for indices in short
term.
Indian bourses started the weak on flat note but thereafter were quite volatile through out the session. Selling pressure was seen at higher levels that dragged nifty in negative zone but in second half of session selected short covering helped indices to recover all the losses and finally it closed around 5855 levels up by 4 points.
On back of weak global indices, today STOCK MARKET FREE TIPS domestic markets are expected to open on negative note and will continue to see selling pressure at higher levels. On lower side put writing at 5800 levels will act as strong support for indices whereas on higher side call writing has been seen at 5900 and 6000 levels and that will continue to be a stiff resistance for indices in short term.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Mon, Feb 25, 2013 at 09:46
See Nifty between 5700-5900 if Budget a non-event: Dalton
According to UR Bhat, managing director of Dalton Captial Advisors, the market may experience some turbulence ahead, mainly due to global pressures.
|
In an interview to CNBC-TV18, Bhat explained that the market could trend lower for the next few weeks due to global concerns. With the Eurozone crisis rearing its head again, and a possible pullback of the US Federal Reserve’s quantitative easing program, investors are opting to pull out their money and stay on the sidelines. “Market could correct sharply in case of a risk-off trade on EU issues,” he added.
However, Bhat believes there is no reduction in the foreign institutional inflows (FIIs) into India.
Speaking about the upcoming Union Budget 2014, Bhat says that the market is likely to experience a bounce back in case the Budget surprises positively. “Otherwise, if the Budget is a non-event, the Nifty will consolidate between 5,700-5,900,” he said.
Below is an edited transcript of his interview with Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video.
Q: Rough cues globally over the last couple of days. Do you think we are setting into a global correction?
A: In the short term, maybe, because I think the position in the US on the debt ceiling negotiation between the Republicans and Democrats is sort of hardening. News from Europe continues to be quite bad, with the Italian election results causing more confusion and the downgrading of UK. All these seem to suggest that there are volatile times ahead at least for the next few weeks.
NSE BSE FREE TIPS
But at the same time, it is not as if the quantitative easing stance that developed markets have will be withdrawn anytime soon. So money would probably keep coming, but there would certainly be some trepidation because of all the events in the US, UK and the rest of Europe.
www.Shristocktips.com
Tue, Feb 26, 2013 at 09:41
Nifty has strong resistance at 5900-6000: Way2Wealth
Way2Wealth has come out with its derivative report. According to the research firm, on lower side put writing at 5800 levels will act as strong support for Nifty whereas on higher side call writing has been seen at 5900-6000 levels and that will continue to be a stiff resistance for indices in short term.
 |
Indian bourses started the weak on flat note but thereafter were quite volatile through out the session. Selling pressure was seen at higher levels that dragged nifty in negative zone but in second half of session selected short covering helped indices to recover all the losses and finally it closed around 5855 levels up by 4 points.
On back of weak global indices, today STOCK MARKET FREE TIPS domestic markets are expected to open on negative note and will continue to see selling pressure at higher levels. On lower side put writing at 5800 levels will act as strong support for indices whereas on higher side call writing has been seen at 5900 and 6000 levels and that will continue to be a stiff resistance for indices in short term.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Mon, Feb 25, 2013 at 09:46
Nifty may trade in 5900-5800 range: Magnum
Magnum Research has come out with its report on Indian market. According to the research firm, Nifty is expected to trade between 5900-5800 with sideways biasness.
|
Indian markets fell for a second session on Friday to its lowest close in two months, led by declines in HDFC while ITC fell on fears of a hike in excise duty for tobacco in the upcoming budget. BSE Sensex fell 0.04 percent, or 8.35 points, to end at 19,317.01, after falling 0.77 percent for the week, marking a fourth week of falls. Broader Nifty fell 0.03 percent, or 1.95 points, to end at 5,850.30, also ending 0.63 percent lower for the week. Now market are expected to be range-bound ahead of the 2013/14 budget, to be unveiled on February 28, and important cues to watch would be whether the finance minister will manage to impose fiscal discipline even as the government tries to revive growth. India has targeted a fiscal deficit of 4.8 percent of gross domestic product for the year starting in April, but budget details will also be key given an austerity push could add to inflationary pressures, hampering chances for rapid interest rate cuts.
Global risk factors will also be key given domestic shares on Thursday posted their biggest fall since July on worries about whether the U.S. Federal Reserve will continue its bond buying programme. European shares rose on Friday in a broad-based rally as investors took advantage of the previous session's steep falls to pick up equities on STOCK MARKET FREE TIPS the cheap, though traders cited some caution given weekend elections in Italy. US Stocks finished near session highs Friday, recovering from a two-day slump, lifted by upbeat economic data from Europe. Nifty is expected to trade between 5900 and 5800 with sideways biasness.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Fri, Feb 22, 2013 at 10:15
Nifty has resistance at 5950-5980: Aditya Birla Money
According to derivative report by Aditya Birla Money, India VIX spurts 9% at 16.94, at a new 6 mth high, still well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5950-5980.
 |
Nifty PCR_OI corrected sharply to 0.88, with 5900 and 6000 CE saw addition of 20 and 28 lakh shares, add total OI 60 and 103 lakh shares, on other hand 5800 PE saw addition of 7.6 lakh shares with total OI at 76 lakh shares (PCR‐OI of 5800 is well above 1 at 4.85) implying immediate short term Nifty range shifted south in band of 5780-5950. India VIX spurts 9% at 16.94, at a new 6 mth high, still well above 15 levels, we have to watch this level carefully if it remains above 14.5‐15.5 levels, Bears will have upper hand and Nifty may face stiff resistance at 5950-5980.
FIIs turned sellers in Nifty Fut. Rs 486 Cr. post one day buying (selling resumes in Index Fut.; last week sold 3220 Cr., some fresh shorts); buying continues in INDEX Options 138 Cr ( 7875 Cr. bought in last 15 sessions, hedging continues, however quantum is less), stock futures continue to be buyers 83 Cr; continue to be buyers in cash to the tune of 1213 Cr. volumes and participation picking up in cash front, on F & O front hedging resumes but quantum is less, as VIX spurt up to new six month high, expect to VIX move further up, implying Nifty will face resistance 5950-5980 levels.
NIFTY FREE TIPS
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Fri, Feb 22, 2013 at 09:47
See limited downside in Indian markets: Nirmal Bang
Nirmal Bang has come out with its derivative report. According to the research firm, the downside for the Indian markets is expected to be limited ahead of very imp economic event that is Union Budget.
 |
Indian Markets ended down more than 1.5% yesterday. This is the biggest fall in a single trading session for the last 7 months. Thursday’s downfall was mainly on account of negative global cues. Global equity markets experienced the jitters yesterday due to monetary tightening fears following the release of the Federal Reserve minutes. Overseas, Dow closed in red yesterday at 13,880.62 (down 46.92 pts). The European markets also closed in red with FTSE, CAC & DAX down 1.65%, 2.35% & 1.92% respectively. FIIs were net buyers in cash to the tune of 1213.57 Cr whereas they sold in Index Future to the tune of 485.7 Cr India VIX drastically increased by 8.59% to close at 16.94, touching an intra-day high of 17.25.
Heavy addition in call OI build up at 5900-6000 level indicates dominance of the bears in the markets but the downside for the Nifty Future is expected to be limited from this level. The highest put OI build up at 5800 is expected to provide firm support to the markets. Expectation of limited downside is also supported by the PCR OI at 0.88. Highest OI build-up is seen at 6000 Call and 5800 strike Put, to the tune of 13.11 mn and 12.50 mn respectively.
Outlook on Nifty:
STOCK MARKET NIFTY TIPS
Markets are likely to open in red today on account of negative global cues. But the downside for the Indian markets is expected to be limited ahead of very imp economic event that is Union Budget.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Thu, Feb 21, 2013 at 09:28
Sensex has resistance at 19740-19850: ICICIdirect.com
ICICIdirrect.com has come out with its report on Indian markets. According to the research firm, The Sensex has supports at 19530-19440 and resistances at 19740-19850.
|
Indian markets are expected to open negative on the back of negative global cues. The markets opened positive on Wednesday morning but witnessed profit booking as the trading session progressed to eventually close in the green. The initial sentiment was positive tracking firm global cues. The markets, however pared early gains on the back of the cautious stance by traders ahead of the Budget session of Parliament due to begin tomorrow.
The Railway Budget is due to be presented next week on Tuesday, February 26, followed by the Economic Survey of India on Wednesday, February 27 and the STOCK MARKET TIPS Union Budget on Thursday, February 28, 2013. Selling pressure was witnessed in consumer durables, capital goods, FMCG and metals sector stocks while modest buying interest was witnessed in oil & gas, real estate and IT sector stocks. The Sensex closed at 19642.8, up marginally by 7 points while the Nifty ended at 5943.1, up marginally by 3.4 points. The Sensex has supports at 19530 and 19440 and resistances at 19740 and 19850. The Nifty spot has supports at 5905 and 5875 and resistances at 5970 and 6000.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Thu, Feb 21, 2013 at 09:42
Carnage on streets, Sensex down 135 pts
The Sensex opened down 98.31 points but slipped 135.68 points by 9.30 AM to trade at 19507.07. The Nifty fell 36.85 points to 5906.20.
 |
The Sensex opened down 98.31 points but slipped 135.68 points by 9.30 AM to trade at 19507.07. The Nifty fell 36.85 points to 5906.20. None of the largecap names have moved up even 1 percent, with BPCL's bare 0.7 percent gain was the biggest. Index heavyweight Hindustan Lever, Cigarette major ITC, Refinery biggies HPCL were trading with marginal upticks.
Midcaps were the worst hit after the last few stabilising sessions. The index was down 1 percent. Top gainers includeNSE BSE FREE TIPS Videocon Industries and HMT, up 8 percent and 1 percent respectively. On the losing side, the index had names like Aurobindo Pharma, NBCC, SpiceJet, Purvankara and Peninsula Land; all down over 2-3 percent.
Budget Sesson of Parliament begins today, but it is unlikely to spur market.
www.Shristocktips.com
Tue, Feb 19, 2013 at 09:32
Nifty has strong support at 5850-5860: Nirmal Bang
Nirmal Bang has come out with its report on Indian market. According to the research firm, Nifty has a strong support at 5850-5860 levels on the downside. If Index manages to sustain above these levels for couple of trading sessions one can expect short term bounce to 6,020 levels which faces crucial resistance on the upside.
 |
Indian equities ended the volatile session on a lackluster note on Monday. BSE Midcap and Smallcap index outperformed the benchmark indices. Realty, capital goods and power stocks traded higher. At the close, the benchmark 30-share index, BSE Sensex gained 32.93 points or 0.17% at 19,501.08 with 17 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 10.80 points or 0.18% at 5,898.20 with 28 components registering rise.
Nifty Technical Outlook: SHARE MARKET NSE BSE TIPS
Nifty has a strong support at 5,850-5,860 levels on the downside. If Index manages to sustain above these levels for couple of trading sessions one can expect short term bounce to 6,020 levels which faces crucial resistance on the upside, expect selling pressure to continue at higher levels.
Bank Nifty:
There is strong resistance at 12,450 & 12,500 levels on the upside, where selling pressure is expected one should maintain a positive bias only on close above this for an upside potential to 12,650. Bank Nifty has immediate support at 12,280-12,250 levels on the downside.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Tue, Feb 19, 2013 at 09:25
Buy Nifty Future above 5950: RK Global
RK Global has come out with its technical report on Nifty. According to the research firm, one can buy Nifty Future above 5950 with a stoploss of 5930 for a target of 5990.
|
Nifty closed with mild gain at 5898.20, with a spinning top candle. As we wrote about a pull back and so happened, most of the index gainers were mainly over sold stocks, though we still suggests staying cautious on rise around 5930 (5960 in extreme case). Index breadth was little bit improved ahead of pull back. So highly cautious trading is advised as we believe this pullback might sustain for few more sessions. Though weSTOCK MARKET TIPS believe stock specific short term trading could be a profitable strategy as of now. It was the banking stocks mainly that lead last days pull back, so high volatility is expected to remain in that segment.
Nifty (Fut): 5904.60:
Trading Strategy-Buy above 5950, target-5990, stoploss-5930
Sell above 5900, target-5860, stoploss-5920.
Bank Nifty:
Mid cap banks really did well last session as we predicted, and few are still expected. Bank Nifty just touched 12399.85 and closed lower at 12347.20 with a spinning top candle. It is expected to remain stuck in a trading range of 12250-12500, beyond which it would find its next direction. Though, we still hold our bearish stance on Bank Nifty, so recommending staying cautious on rise.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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
Mon, Feb 18, 2013 at 10:35
Buy Cipla above Rs 388; target Rs 405: IIFL
IIFL is bullish on Cipla and has recommended to buy the stock above Rs 388 with a stop loss of Rs 380 for the target price of Rs 388, in its February 18, 2013 research report.
 |
Cipla on the daily chart has formed hammer pattern on candlestick which is a trend reversal pattern. This pattern is also accompanied by positive divergence in RSI oscillator from oversold terrain. Hence prices have low possibility of going below Rs370 in the near term. A bullish confirmation is likely to happen on move above Rs388 and which could open gateway for rally towards Rs420 in the coming weeks. Adding to it the MACD also is suggesting oversold condition but prices reversal yet to get confirmed. (Duration 10 days)," says IIFL research report.
www.Shristocktips.com
Fri, Feb 15, 2013 at 09:47
Sensex opens lower on weak Asian cues; Suzlon dives 17%
Equity benchmarks opened lower on Friday following fall in Asian markets and weakness in technology and auto stocks.
 |
The 30-share BSE benchmark fell 43.62 points to 19,453.56 while the 50-share NSE Nifty lost 18 points to 5,878.80, continuing the fall for second consecutive session.
Asian shares eased with investors turning cautious as weak euro zone growth data presaged the G20 meeting in this session. Nikkei declined 1.7 percent.
Among largecaps, commercial vehicle major Tata Motors tanked 2 percent after reporting huge loss in its domestic business during October-December quarter. Auto stocks extended losses with the car maker Maruti falling 1 percent.
Wind turbine producer Suzlon Energy plunged 17 percent in early trade after its loss in Q3 increased 4-fold compared to a year ago period.
STOCK MARKET TIPS
Videocon Industries plunged 5 percent as its net profit fell quite sharply from Rs 86.4 crore in Q3FY12 to Rs 1 crore in Q3FY13. Realty major DLF fell 2.5 percent after disappointing results in the third quarter.
Kingfisher Airlines dropped 5 percent while United Breweries gained 2.5 percent as the company said they have not pledged shares of Kingfisher Airlines to lenders.
Meanwhile, Jet Airways was up 1.4 percent on hopes of a deal with Etihad getting declared this weekend.
Defensives like HDFC Bank, HDFC, ITC and HUL were supporting the market, trading with marginal gains.
Country's largest lender State Bank of India gained just 0.2 percent while its rival ICICI Bank declined 0.2 percent.
www.Shristocktips.com
Thu, Feb 14, 2013 at 21:32
Sebi blow: Sahara left with very few options
Sebi's blow last night has sent the Subrata Roy promoted Sahar Group reeling. Sebi orders backed by two Supreme Court rulings, has left little wiggle room for Sahara. CNBC-TV18’s Ashmit Kumar reports.
|
The best way out for Sahara is just to return the money and get the matter over with is what experts said when asked what options Sahara had. That gives us an idea that there are very limited options available.
Check out: Scheme Of Arrangement: SEBI Scrutiny
Sahara has an interim application that is pending before the Supreme Court. In the application they have sought for furnishing securities instead of the monies. So, as of now they appear to betting on that for now.
The second option that some experts highlighted was the fact that the Securities and Exchange Board of India (SEBI) Act does not explicitly provide for any attachments. In fact even on the Section 11 of the SEBI Act, the attachments are interim in nature, and cannot extend beyond three months. So, the line of question can be extended as to did the Supreme Court in its directions to SEBI to attach the assets go beyond the statute.
However, this has to be balanced out, has to be taken in context of Article 142, which provides very wide powers as far as the Supreme Court is concerned.
On the point with respect to the personal assets of the three directors, and Subrata Roy himself; the experts did highlight that SEBI needed to make out a prima facie case of malafide intent before attaching the assets. So, there is some room for interpretation there as well but trouble times as far as Sahara is concerned.
www.Shristocktips.com
Thu, Feb 14, 2013 at 08:19
January inflation likely to ease at 7% MoM: Poll
Wholesale Price Index (WPI) inflation for January is due today. According to a CNBC-TV18 poll, it is seen slightly lower at 7% compared to 7.18% in December. The core inflation data is also seen declining to 4% vs 4.2% last month.
 |
Inflation is trending down for the past 4 months, with respite seen on the 'core' component. However another factor to watch out for is revisions in last month's number.
The Reserve Bank of India (RBI) last month cut interest rates for the first time in nine months, on growing inflation. Meanwhile, poor manufacturing and consumption pulled down industrial production output or IIP -0.6%.
To further add to the gloom, consumer price inflation climbed to 10.79 percent in January, up from 10.56 percent in December. Rural consumer inflation rose to 10.88 percent from 10.74 percent month-on-month and urban inflation climbed to 10.73 percent from 10.42 percent.
Last week, the Central Statistical Office (CSO) has estimated India’s GDP growth for FY13 at a decade low of 5 percent, a number hotly disputed by the finance ministry. In fact, Finance Minister P Chidambaram recently said that some green shoots of recovery were visible.
www.Shristocktips.com
Thu, Feb 14, 2013 at 09:38
Nifty under strain; HCL Tech up 1%, Maruti cracks over 2%
At 09.17 AM, the Sensex was up 12.06 points at 19620.14, and the Nifty rose 4.55 points to 5937.50.
After two days of small upticks, benchmark indices opened flat with Coal India, DLF and HCL Tech, Infosys, BPCL and NTPC holding in green. At 09.17 AM, the Sensex was up 12.06 points at 19620.14, and the Nifty rose 4.55 points to 5937.50.STOCK MARKET TIPS
Tech stocks continue to perform with HCL Tech rising almost 1 percent followed by Infosys and TCS. Wipro was, however, down 1.5 percent. The stock will move out of Nifty W.E.F April 1.
Maruti Suzuki was a star performer in the auto pack for the past few sessions and appears to be in a correction mode, coming off more than 2 percent in the morning trade on profit booking. Tata Steel too was slammed after its poor third quarter numbers. Other stocks weighing on the bourses include SBI and Bharti Airtel.
The midcap segment was trading flat with negative bias. Cholamandalam was the top runner with 2.8 percent gains followed by Biocon which rose on news that the company had forged a tie up with Mylan.
www.Shristocktips.com
Wed, Feb 13, 2013 at 08:16
Market eyes Obama's speech, key earnings
All eyes are on the US President Barack Obama's state of the union address. Will it be able to give the Indian market another leg up?
 |
Hoping for some positive moves, the Dow & S&P 500 closed at 5-year high amidst choppy session in the US, Europe too ends higher & Asia kicked off trade on a muted note.
Back home, in key earnings today- a CNBC-TV18 poll sees Tata Steel's December quarter consolidated PAT negative on account of higher interest costs and low overall margins. Domestic profitability may yet again be nullified by European business. Coal India may report 9% sales growth & 2% profit due to higher sales volume and production but margins are seen contracting.
Other companies that are expected to post third quarter earnings today are BPCL, IOC, JSW Steel, MMTC, NMDC, Unitech and Natco Pharma.
Meanwhile, Kingfisher Airlines' bankers finally run out of patience as lenders consortium decided to recall loans to the grounded carrier. Bankers are not satisfied with the revival plan put forward by Vijay Mallya and will explore all avenues to recover their loans.
International markets
European shares too ended higher after Britain's third biggest lender Barclays unveiled cost cuts and a strategic overhaul that fueled expectations its peer group would follow suit.
STOCK MARKET TIPS
Euro group ministers, who are attending a two-day summit in Brussels, have discussed potential currency wars but are insisting that they are standing by a market-based foreign exchange system. This, when fears are rising that an appreciation in the euro, will hurt the region's economy.
In the currency space- euro is stable above 1.34 while the dollar index holds above 80 levels. In commodities sector, brent crude is above the 118 dollar mark after OPEC, in a monthly report, raised the outlook for the amount of crude the group expects would be needed in 2013 to keep supply and demand in balance. Among the precious metals, gold is trading around 1651 dollar levels.
www.shristocktips.com
Wed, Feb 13, 2013 at 09:18
Investor sentiment remains sternly optimistic in Feb: BoAML
Michael Hartnett of Bank of America Merrill Lynch feels investor sentiment remains sternly optimistic in February.
 |
Bharat Iyer, JP Morgan: Indian equities have re-rated sharply over the last 6 months, driven by the Government's efforts to consolidate the fiscal position. Current valuations at 15x forward earnings are higher than the long term average. Hence, it is imperative that growth revival is placed on a sound footing over the near term; else equity market performance could hit a soft patch over the second quarter.
Michael Hartnett, Bank of America Merrill Lynch: Investor sentiment remains sternly optimistic in February. Many measures of market sentiment are warning that risk assets are now vulnerable to bad news after a 7-month rally, even as cash levels remain above the 'sell signal' threshold.
www.Shristocktips.com
Fri, Feb 08, 2013 at 08:05
Tata Steel investing in high-strength steel for automobiles
Tata Steel Europe said it is investing 2.3 million euros at its IJmuiden facility in the Netherlands to develop next-generation steels for the auto industry that are lighter, stronger and better able to withstand crashes.
 |
The Indian company's European branch, Tata Steel UK Ltd
See 20% upside in Tata Steel: InvestWorks
European steelmakers have been struggling to make profits in the last couple of years, in a fast shrinking market.
"The R&D investment follows close collaboration between Tata Steel and three major European car manufacturers to understand their requirements for future car models," Tata said in a statement.
The automotive sector, a major market for the steel industry, has come under pressure to produce lighter and more environmentally friendly cars and this has pushed steelmakers to invest in developing new, lighter materials.
Tata and other producers are speeding up a switch to products that add more value and help them withstand aggressive imports of basic grades of steel.
www.Shristocktips.com
Thu, Feb 07, 2013 at 22:44
Response to NTPC issue satisfactory: Divestment Secy
The government today said it is satisfied with the response to NTPC’s share sale and expects to garner more than Rs 11,500 crore from the offer, the biggest disinvestment mop up so far this fiscal.
|
"The government is satisfied with the response to this (NTPC) offer. We expect more than Rs 11,500 crore from the issue," Disinvestment Secretary Ravi Mathur said after the offer closed for subscription.
Govt's $2.1bn NTPC share sale fully covered
The total demand received is for 132.84 crore shares and indicative price is Rs 145.91. Thus, the offer has been subscribed 1.7 times, he said.
Sharing further details, Mathur said there was good participation from foreign institutional investors (FIIs).
"One FII has bid for 1,000 crore shares in the early hours of the trade. More order inflow came in towards the end of the day. Individually, FIIs have put in $50—100 million," he said.
The government had fixed the floor price for the 9.5 per cent stake auction of NTPC at Rs 145 per share.
Thu, Feb 07, 2013 at 08:56
Indian ADRs: ICICI Bank, HDFC Bank, Wipro down
Indian ADRs ended lower on Wednesday. In the IT space, Wipro was down 0.74% at USD 9.42 and Infosys was up 0.55% at USD 52.89. |
In the Banking space, HDFC Bank was down 1.78% at USD 38.61 and ICICI Bank was down 1.51% at USD 45. In the Telecom space, Tata Communication was down 0.35% at USD 8.48.
In the other space, Tata Motors was down 0.73% at USD 27.2, Dr Reddys was down 0.33% at USD 35.88 and Sterlite was up 0.25% at USD 8.17.
www.Shristocktips.com
Thu, Feb 07, 2013 at 08:10
Michael Dell, Silver Lake to put USD 2.15 bn toward buyout
Michael Dell and affiliates of the firm that manages his wealth will collectively put USD 750 million toward the USD 24.4 billion buyout of computer maker Dell Inc , the company disclosed in a regulatory filing on Wednesday.
 |
Michael Dell, founder of the company, will contribute USD 500 million cash and MSDC Management, an affiliate of his MSD Capital, will contribute USD 250 million, Dell Inc said.
Dell investor sues to block founder's leveraged buyout
Silver Lake, a private equity firm partnering with Michael Dell on the deal, is putting up USD 1.4 billion.
Dell, the world's No. 3 personal computer maker, also broke down details of the debt financing secured for the buyout, including USD 4 billion in senior secured term loans from Bank of America
STOCK MARKET TIPS
On Tuesday, the company announced that Michael Dell had struck a deal to take the company private in the biggest leveraged buyout since the financial crisis, partnering with Silver Lake and Microsoft Corp
The filing also disclosed that under certain circumstances if the merger can not be completed, Michael Dell and Silver Lake could have to pay a termination fee of up to USD 750 million to Dell Inc.
www.Shristocktips.com
Tue, Feb 05, 2013 at 08:41
See negative opening: Sharekhan
According to a report by Sharekhan, the opening on the Dalal Street is likely to be on a negative note led by negative global cues and also SGX Nifty trading 23.50 points lower.
 |
On Monday (February 04, 2013), the Sensex shed 30.00 points to close at 19751.19 while the Nifty slipped 11.65 points to end at 5987.25.
Asian markets are trading lower today (February 05, 2013) as investors booked profits from recent strong rallies in the face of weak US data and worries that a potential political shake-up could disrupt the Eurozone's efforts to resolve its debt crisis.
European stock markets and the euro declined on Monday (February 04, 2013) as Spain's prime minister was enveloped in a corruption scandal and as worries grew over the Italian general election this month, reviving fears for the region's stability after a period of relative calm.
STOCK MARKET FREE TIPS
US stocks turned in their worst day of the year on Monday, dragged about 1% lower as investors used a reprise of European debt fears to cash out of a market that recently touched five-year highs.
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.
Tue, Feb 05, 2013 at 09:23
Nifty may decline to 5966-5945: Angel Broking
According to report by Angel Broking, if Nifty trades below 6002 levels for the first half-an-hour of trade then it may correct up to 5966-5945 levels.
|
The Indian market is expected to open in the red today, mirroring SGX Nifty which is trading lower by ~0.4%. Most of the Asian markets are trading in the negative zone with losses in the range of 0.1% to 1.6%. US markets fell on Monday as traders booked profit post the impressive rally over the past few weeks. Dow Jones had closed above 14,000 for the first time since October 2007.
Uncertainty about the political situation in Europe also weighed on stocks after opposition leaders called on Spanish Prime Minister Mariano Rajoy to resign amid allegations of corruption. European markets too fell on Monday due to concerns about the political situation in Spain and Italy. India’s Key benchmark indices closed lower on Monday for the third consecutive session in a row. The markets reversed intra-day gains in late trade as European stocks fell.
STOCK MARKET TIPS
Markets Today
The trend deciding level for the day is 19,794/6,002 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 19,86019,968/6,0236,060 levels. However, if Nifty trades below 19,794/6,002 levels for the first half-an-hour of trade then it may correct up to 19,68519,620/ 5,966 5,945 levels.
www.Shristocktips.com
What Causes Stock Prices To Change?
SHRISTOCKTIPS is the Best share market Tips provider for Equity, Nifty, Future, Stock Options (Call & Put) & Commodity for intraday & as well as positional which are useful for intraday trader & short to medium term investors. We provide tips by a dedicated SMS server & by yahoo messenger. If you join us you will get a handsome profit. But only in the case if you follow our levels strictly.
Would like to add few notes here like if we are trading in<a href="http://www.shristocktips.com" title="Stock market">SHARE MARKET TIPS FREE NSE, BSE TIPS</a>say specially in NSE and BSE which are one of the most popular stock exchanges of the world then we need to take care of the few things like
Regards
<a href="http://www.shristocktips.com" title="SHRISTOCKTIPS TEAM"> SHRISTOCKTIPS TEAM</a>
Great tips on MCX Tips and Commodity Tips and 100% Accurate Commodity Tips
ReplyDelete