5-Aug: Prov Cash: Rs.crs:
FIIs: +447.90 (4586.69-4138.79)
DIIs: -189.11 (1364.60-1553.71)
Cash Vol: 24906 vs 26482, -6%
F&O Vol: 157957 vs 244754, -35%
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Wednesday, August 5, 2015
5-Aug: Prov Cash FII,DII
Buy Voltas
Buy Voltas at 322-320 Target 348 Stop Loss 308 (14-21 Sessions)
We have seen a stupendous rally in this stock from the September 2013 low of `61.51. Last month, this stock posted a new all time high of `357.36 and since then has been undergoing a medium term consolidation phase. Recently, the stock has given a decent bounce after taking a strong support around its daily ’89-EMA’ level of `305; which we expect to act as a sheet anchor in the near term. This support zone coincides with the 50% Fibonacci retracement level of the recent up move from `256.43 to `357.36. Considering the positive placement of the momentum oscillators along with the continuation of a higher degree up trend, we expect this stock to give a decent up move in the near term.
FII Activity & View
FII Activity & View
Yesterday, FII's were net buyer in cash market, where they bought equity of worth Rs. 119 crores. Whereas, they sold index futures worth Rs 231 crores with marginal rise in open interest, suggesting combination of both short positions and long unwinding.
In Index options front, FIIs were net buyer of Rs. 605 crores with rise in open interest. We saw decent amount of buildup in 8600 to 8800 call options. Whereas, in put options, 8100 to 8300 strikes added considerable amount of open interest. We have also witnessed decent built up in 8500 Put option. Maximum buildup in current series in seen in 8800 call and 8200 put options.
Economic Business
Economic Times
Business Standard
Ø Rajan warns of action against banks hiding NPA nos
Ø Oil price unlikely to recover as Saudi refining hits market
Ø FSSAI-approved lab finds Maggi noodles safe
Ø Adani to announce JV worth $5 bn with Foxconn
Ø No decision yet on Cairn-Vedanta deal: UIICL
Ø I-T Dept searches 20 premises of Claris Lifesciences
Ø RBI leaves repo rate unchanged at 7.25%
Ø RBI, govt in talks on medium term framework for FPI limit in debt
Ø Klesch Group drops plans to buy out Tata Steel unit
Ø Coal imports drop by 11% to 19 MT tn in July
Ø UK takes 1 billion pounds hit in RBS sell-off
Ø AIG profit beats estimates, boosts buyback by $5 billion
Business Line
Mint
Ø RBI Governor bats for shifting veto power to monetary policy committee
Ø Bharti Airtel Q1 net up at Rs 1,554 cr
Ø US restores duty benefits to Indian exporters
Ø No plan to hike duty on petroleum products: Pradhan
Ø Over 3,500 tonnes plastic waste generated daily
Ø FinMin moves Cabinet note on gold monetisation scheme
Ø Govt may raise Rs40,000 crore via bonds from LIC
Ø Thomson re-entering India market after 11 years
Ø Sunteck Realty keen to buy distressed assets from rivals
Ø Jay Shree Tea to sell sugar and fertilizer businesses
Ø Sony to start manufacturing Bravia TVs in Tamil Nadu
Ø Birla in talks with PE firms to sell insulator unit
Financial Express
Financial Chronicle
Ø Monsoon, US Federal Reserve impact next trigger for rate cuts: Moody's
Ø Govt mulls selling 3 per cent stake in GAIL to raise Rs 1,800 crore
Ø Reliance MediaWorks concludes multiplex sale, debt cut by Rs 700 crore
Ø Steel shares jump on likely import duty hike
Ø Vedanta Resources bets on India for future growth
Ø Rajan links more easing to lower bank rates, monsoon, inflation
Ø RBI may cut interest rates before next policy: Rajan
Ø CCI charges SMTB with violating competition norms
Ø SC defers hearing, FIIs wait gets longer on MAT clarity
Ø China footwear biz shrinks, India gets a foot in the door
Ø Arcelor Mittal expects India to be active on M&A in steel, mine
Market Update
Market Update:
Sgx Nifty +3 pts
Dow -47.51 pts ,Nsdq -9.84 pts , S&P -4.72 pts ,Bovespa -79 pts, Ftse -2 pts , Dax +12 pts, Cac -8 pts, Nikkei -2 pts , now, Crude @ $45.89/brl (+0.15), Brent @ $50.12 (+0.13) , Gold @ $1086.00 (-4.70), Silver @ $14.53 (-0.03), Euro @ $1.0874, JPY @ $124.3200, INR @ $63.7525
Topay's Key Result 5th Aug
Topay's Key Result
5th Aug
Accelya Kale,Asahi India, Auto Axles,Bata India, Bengal&Assam,Bombay Burmah,Brigade Ent,Camlin Fine,Can Bank,Deepak Fert,Fdc,Glaxo Smith Cons,IGL,Jb Chem,Marico, Mercator,Mah Seam,Manali Petro,Nahar Spin,Ndtv, Parshvanath Dev,Prism Cem,Ptc Ind,Shree Cem,Siemens,Snowman Log,Sonata Soft,Stampede Cap,Tata Chem,Tree House,Uflex,Vardhman Tex
Tuesday, August 4, 2015
weekly charts
On weekly charts, the prices are trading near the lower end of a long term trendline support. In last one year, prices have formed a complex corrective pattern and the wave counts indicate end of a corrective leg near the recent lows. Prices in last few days have been consolidating in a narrow range and breakout from the consolidation zone could lead to sharp pullback. Looking at above evidences, we believe the stock could move higher and retrace the recent corrective leg.
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