Market Update

Market Update:
Sgx Nifty -56 pts from Nifty fut(7896)
Dow -290.16pts ,Nsdq -66.72 pts , S&P‎-32.17 pts ,Bovespa -1290 pts, Ftse -82 pts , Dax -313 pts, Cac -119 pts, Nikkei  Cls , now, Crude @ $44.93 brl (+0.23), Brent @ $47.62 (+0.15) , Gold @ $1136.50 (-1.30), Silver @ $15.15(-0.01), Euro @ $1.1304, JPY @ $119.8200, INR @ $65.6738
 

Buy ONGC

Buy ONGC

The stock has corrected significantly in the last few months and has reached around its support area of 215 – 220 zone in the monthly chart. While, on the weekly chart, we are observing a formation of a bullish harmonic pattern called ‘Bullish Bat’ pattern, whose Potential Reversal Zone (PRZ) is placed at 220 – 226 levels. On oscillator front, the ‘RSI- smoothened’ is giving positive crossover with its average from the oversold territory in the daily chart, indicating reversal on cards. Looking at the current chart structure, we advise traders to buy this stock at current levels and on declines to ` 232 for a target of ` 252 in coming 14 to 21 trading sessions. The stop loss for this trade set up can be kept at ` 224.

trend deciding level

The trend deciding level for the day is 7,889 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,924 – 7,949 levels.

However, if NIFTY trades below 7,889 levels for the first half-an-hour of trade then it may correct towards 7,864 – 7,828 levels.

cash market segment

 Wednesday, FIIs were net sellers in cash market segment to the tune of Rs. 337 crores. They sold Index Futures marginally with fall in OI, suggesting mix of long unwinding and short covering in last trading session.

 In Index Options front, they were net sellers of Rs. 287 crores with marginal change in OI. In call options we saw build-up in 7800 and 8200 strikes, followed by unwinding in 8000 & 8300 call options. While in put options, 7800 strike added good amount of OI, some build-up was also visible in 7500 & 7900 put option. Maximum OI is seen in 8200 call and 7800 put options.

 We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-8000 is an immediate resistance for Nifty.

Financial Express

Financial Express

Financial Chronicle
Ø  Goldman Sachs chief 'would not invest in China'

Ø  Infra projects remain under stress as funds fall short

Ø  GMR Energy gets gas for two power plants in Andhra Pradesh

Ø  Kishore Biyani says getting harder to do biz, rues ever-rising permits

Ø  GAIL re-floats $7 billion tender to hire LNG ships

Ø  Govt mulls raising FDI limit in private banks to 100%

Ø  NHAI allows 2 developers to divest stake in TN project

Ø  India all set to witness a wearable tech explosion

Ø  MMTC to help Goa mine operators sell iron ore

Ø  L&T to build Rs 1,700-cr Bangladesh power plant

Business Line

Business Line

Mint
Ø  US current account narrows sharply in second quarter

Ø  Private equity deals worth $1.7 bn sealed in August: Thornton

Ø  CAD to be around 1.5% of GDP this fiscal: RBI

Ø  Emerging markets with limited forex at higher risk to US rate hike: Moody’s

Ø  Govt may raise cap on equity investments by state PF to 15%

Ø  Labourers clash at RIL colony in Jamnagar

Ø  ONGC expects a correction in oil prices

Ø  SABMiller and AB InBev merger likely to lift spirits at India units

Ø  Blackstone buys Serco’s India BPO operations for Rs2,558 crore

Ø  Sun Pharmaceutical eyes InSite Vision’s research portfolio

Ø  Mahindra Auto Steel opens new factory near Pune

Economic Times

Economic Times

Business Standard
Ø  Fed holds rates steady on global economic weakness

Ø  India's ranking slips further in Global Innovation Index 2015

Ø  Worries over global growth weigh as US Fed mulls rate hike

Ø  US jobless claims at 8-week low; housing starts fall

Ø  Emerging central banks step in to curb currency falls

Ø  Government notifies miners contribution to District Mineral Foundation

Ø  Pvt placement of debts doubled, capex remains limited

Ø  Carrot & stick approach for sick power discoms

Ø  Sustained low inflation to cut cost of capital: RBI deputy governor

Ø  Hero Cycles acquires Firefox Bikes in all-cash transaction

Ø  Govt will 'put to sleep' pending tax disputes: FM

Ø  Commodity brokers urge Sebi to exempt transaction fee, charges

Ø  BPCL may import Ethane from US for its petchem unit

Market Update

Market Update:
Sgx Nifty +62 pts from Nifty fut(7896)
Dow -65.21pts ,Nsdq +4.71 pts , S&P‎-5.11 pts ,Bovespa -2 pts, Ftse -42 pts , Dax +2 pts, Cac +9 pts, Nikkei  -192 pts , now, Crude @ $46.77 brl (-0.13), Brent @ $49.08 (-0.66) , Gold @ $1130.50 (+13.50), Silver @ $15.12(+0.14), Euro @ $1.1417, JPY @ $119.8800, INR @ $66.4000
 ‎

BUY NSECALL BANKNIFTY SEP

BUY NSECALL BANKNIFTY SEP 17300 @ 190-195 SL 173 TRG 245

NIFTY trades

The trend deciding level for the day is 7,836 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,873 – 7,917 levels.

However, if NIFTY trades below 7,836 levels for the first half-an-hour of trade then it may correct towards 7,793 – 7,756 levels.

market segment

 Yesterday FIIs were net sellers in cash market segment to the tune of Rs. 910 crores. They bought Index Futures of Rs. 257 crores with rise in OI, suggesting some fresh long formation in last trading session.

 In Index Options front, they were net sellers of Rs. 1721 crores with marginal change in OI. In call options we saw build-up in 7800 and 8100 strikes, followed by unwinding in 8500 call options. While in put options, we hardly saw any strike adding reasonable OI, some unwinding was visible in 8000 put option. Maximum OI is seen in 8000 call and 7500 put options.

 We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-7950 is an immediate resistance for Nifty.

Economic Times

Economic Times

 

Business Standard

Ø  RBI base rate calculation norms may help monetary policy: ICRA

Ø  Govt to pump Rs 70,000 cr in replacing old power units

Ø  9 biggest banks to form blockchain partnership

Ø  Advance tax from steel, banking sectors registers fall

Ø  Trade data: Exports fall 20.7 per cent y/y in August 

Ø  Fed meets, decision on rate hike seems like a toss-up

Ø  SFIO probes fund diversions by Kingfisher Airlines

 

Ø  Tata front runner for GE Capital's stake in SBI Cards

Ø  China falls drag world stocks back into red

Ø  India's FX reserves loss in August fourth highest among EMs

Ø  Everstone closes its third private equity fund at $730 million

Ø  Suvidhaa acquires mobile PoS platform AasaanPay

Ø  ONGC to complete 12 projects worth Rs 13K cr by May 2016

Ø  Orchid Pharma to convert rupee term loans to foreign currency loans

Business Line

 

Mint

Ø  To check bad loans, RBI for cap on lenders in a consortium

Ø  Industry body urges Centre to re-define MSMEs

Ø  Fertiliser cos see good sales growth in Kharif season

Ø  Corporate agents can now sell policies of up to 3 insurers

Ø  Modi asks Sri Lankan PM to support Indian investments in infra, energy 

Ø  Biocon opens new facility to make insulin devices in India

 

Ø  NPAs grew faster than bank credit during 2011-15: RBI

Ø  Infosys to announce Q2 results on 12 October

Ø  Sebi asks MFs to explain corporate bond investments

Ø  IDFC Alternatives to buy operational road projects

Ø  Finance ministry falls short on promised contribution to EPS

Ø  India acquiring energy assets through the oil price roller coaster

Financial Express

 

Financial Chronicle

Ø  Sensex ends 151 pts down on caution ahead of US Fed meet, Nifty settles at 7,829

Ø  Expecting quick reforms in India unrealistic: US official

Ø  Reliance Jio launches unlimited free wi-fi at select places in Mumbai

Ø  Govt cuts import tariff on gold, silver

Ø  India home to 1.98 lakh millionaires; 11th largest globally

 

Ø  Govt looks to settle `3L cr combined discom debts

Ø  Vedanta-Cairn India merger gets go ahead from bourses

Ø  ING merger will boost Kotak Life’s bancassurance business

Ø  IOC to invest Rs 1.75 trillion over 7 years

Ø  TAM acquires Thai electronics brand Abaz World

Ø  FIs allowed to invest through partly paid share

Market Update

 
Market Update:
Sgx Nifty +83 pts
Dow +228.89pts ,Nsdq +54.76 pts , S&P‎+25.06 pts ,Bovespa +88 pts, Ftse +53 pts , Dax +56 pts, Cac +51 pts, Nikkei  +139 pts , now, Crude @ $45.01brl (+0.42), Brent @ $46.63 (+0.26) , Gold @ $1104.40 (+1.80), Silver @ $14.37(+0.04), Euro @ $1.1278, JPY @ $120.3100, INR @ $66.3638
 ‎

Market Update

Market Update:‎
Sgx Nifty +55 pts
Dow +103 pts ,Nsdq +39.72  pts , S&P +10.25 pts ,Bovespa -153  pts, Ftse -37 pts , Dax -92 pts, Cac -68 pts, Nikkei  -9 pts , now, Crude @ $44.82brl (-0.20), Brent @ $48.23 (+0.08) , Gold @ $1104.60 (+1.30), Silver @ $14.6
51(+0.05), Euro @ $1.1344, JPY @ $120.7100, INR @ $66.5412
 ‎

11-Aug: Prov Cash: Rs.crs

11-Aug: Prov Cash: Rs.crs:
FIIs: -736.81 (3488.91-4225.72)
DIIs: +130.74 (1510.87-1380.13)
Cash Vol: 21361 vs 19474, +10%
F&O Vol: 223320 vs 178162, +25%

FII F&O Stats as on 11 Aug'15(Rs in crs)
Total BUY : + 278
Index Future : - 858
Index Option : + 1257
Stock Future : - 91
Stock Option : - 31

Agri Commodities

Agri Commodities

·         SELL NCDEX CHANA SEPT AT 4470 - 4475, SL - 4810, TARGET - 4410(CMP - 4470)

·         SELL NCDEX COCUDAKL SEPT AT 1936 - 1940, SL - 1960, TARGET - 1910(CMP - 1936)

·         SELL NCDEX RMSEED SEPT AT 4123 - 4128, SL - 4160, TARGET - 4070(CMP - 4123)

Morning Commodities

Morning Commodities Recommendations

International Commodities

·         BUY MCX GOLD OCT AT 25105 - 25115, SL - 25033, TARGET - 25230 (CMP - 25113)

·         BUY MCX NATURAL GAS AUG AT 181.20 - 181.70, SL - 178, TARGET - 185(CMP - 181.70)

·         SELL MCX COPPER AUG AT 337.50 - 338.50, SL - 341.50, TARGET - 334 (CMP - 337.45)

Buy ITC

Buy ITC at 317-315 Target 340, Stop Loss 304 (14-21 Sessions)

This stock has been a laggard since past few months. After a sharp fall from the all time high of `402.62 post the Union Budget; this stock consolidated within a range of `320 – `290 for quite some time. Last week, we observed a first sign of strength as the stock prices confirmed a ‘Higher Top Higher Bottom’ formation on the daily chart for the first time in past few months. This can also be termed as a breakout from the ‘Multiple Resistance Zone’ of `322 on a closing basis. Due to lack of follow up buying interest, the stock prices have given a pull back towards the breakout point. But, going forward, we expect this momentum continue over the next few trading sessions.

STOCK OPTION STRATEGY

STOCK OPTION STRATEGY: BUY SBI AUG 300CE @ 5 & 275 PE @ 4.50. TOTAL PREMIUM 9-10. SL 4 TGT 30

Topay's Key Result 11th Aug

Topay's Key Result
11th Aug

Tata Steel(Cog Cons Est Net -438cr -229% Yoy Res Time-After Mkt)
SBI(Cog Est Net 3507cr +5% Yoy Res Tim-During Mkt)
Sun Pharma(Cog Cons Est Net 1304cr -6% Yoy Res Time-After Mkt)
BOSCH(Cog Est Net 293cr -4% Yoy Res Time-During Mkt)
NMDC(Cog Est Net 1097cr -43% Yoy Res Time-After Mkt)
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