Swastika Investmart Limited: April 2014

Consolidation in the market, Bharti Airtel up

Beginning with today's market strength. Morning 9:21 am, the Sensex rose 96 points to 22,562 and the Nifty gained 28 points at 6743 levels. Midcap and Small cap stocks also buying trends.

Oil and gas stocks rose 0.5 per cent. Auto, tech, realty, power, FMCG, IT, technical, consumer durables stocks are strong. Banks and capital goods stocks are sluggish. Metal and healthcare stocks weakness.

Nifty stocks, Asian Paints, Tata Motors, Grasim, Reliance Industries, Lupin, ONGC, BPCL, ITC, SBI rose from 2 to 0.5 per cent.

Bharti Airtel's net profit in the fourth quarter of fiscal year 2014 increased 58 per cent to Rs 962 crore. Bharti Airtel is 1.5 per cent.

Giants Sun Pharma, BHEL, Tata Steel, Jindal Steel, Sesa Sterlite, Hindalco fell 1.5 to 0.5 percent.

Asian markets mixed trends. The index fell 0.5 per cent to 1 per cent, Hang Seng and Taiwan. Cospi slack. However, the Straits Times gained 0.75 per cent. Nikkei, Shanghai Composite, SGX Nifty edge.

On Tuesday spectacular quarterly results of companies and the Federal Reserve's decision before the U.S. markets pushed up Nasdaq Composite 0.7 percent, Dow Jones and S & P 500 index 0.5 climbed 0.5 per cent.

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Daily Nifty Trading Technical Report 29 April

MARKET SUMMARY:
The Indian equity benchmark index nifty witnessed profit booking for the second day in a row. The day was started on negative note where nifty remain in negative territory for the entire trading between narrow trading range of 6750-6786. Pharma & banking sector buck the trend & posted a decent gain while Capital goods & Auto sector were key dragger for the market. At the end nifty closed at 6761 mark with cut of 0.32%.
A dip in the range of 6775-6700 is a satisfactory buying opportunity to play uptrend
Daily Nifty Levels
Resistance: 6820/6840/6870
Pivot: 6765
Support: 6740/6700/6670

CHART FORMATIONS:

On daily chart nifty is moving in upsloping channel where 6730 is lower trendline support.
Nifty witnessed follow up of bearish engulfing candlestick pattern on daily chart.
On weekly chart nifty formed an indecisive doji candlestick formation.
At any sharp correction nifty has strong support at previous breakout level of 6575 mark.
Nifty is trading below 9-day EMA of 6775 while 20-day EMA of 6713 will act as a decent support for nifty.

TECHNICAL INDICATORS:

Momentum Indicator RSI showing negative divergence whereas stochastic is moreover negatively poised.
CCI has slipped below 0 mark whereas MACD is showing negative divergence.

STRATEGY FOR TRADERS:
In yesterday’s trading session Nifty Market create some base around 6750 mark if that holds then we might see a short covering rally; traders are advised to play long if nifty trades above 6770 mark for first hour of the trade with stop loss at 6750.

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Daily Nifty Trading Technical Report 29 April

Ncdex Commodity Technical Report 28 April

SOYABEAN

TECHNICAL OUTLOOK: On the technical charts, Soyabean may futures trend is bullish where it has resistance at 4720 on an intraday basis & 4580 is an immediate support. Soyabean closed at 4671. Momentum indicator RSI is currently positively biased & is indicating bullish trend in the commodity. Traders can take a buy position at around 4620 with a stop loss of 4580 for the day target of 4720.

FUNDAMENTAL OUTLOOK: Soyabean exports from US continue to the Chinese Markets. Unfavorable weather conditions can create volatility in the price of Soyabean.

CHANA

TECHNICAL OUTLOOK: From an intraday perspective, chana may contract will trade on a neutral bullish note. A crucial support is seen around 3070 & resistance is placed at 3160. Yesterday, Chana closed at 3124. Intraday traders can take a buy position in chana around 3105 with a stop loss at 3070 & a day target of 3160. On the daily chart, momentum indicator RSI is positively biased indicating a bullish trend in the commodity....Read More

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Commodity Mcx Ncdex Market News 26 April

Decline in turnover of commodity exchanges

There has been a massive decline in turnover of commodity exchanges. During the first half of April 5 national and 16 regional commodity exchanges in the country on a turnover of Rs 2.37 lakh crore has been made. Nearly 8 million in the same quarter last year had a turnover of Rs. Thus, the year-on-year decline of 70 per cent in commodity market trading has been made.

In the first half of April on an annual basis, 72 per cent of the turnover of MCX, NCDEX then rolled 45 per cent of the turnover. Agri commodity exchanges in the evening, despite the fact the business has eluded relief. But Saturday's closing turnover of the business is impacted. And, turnover dropped from 15 days to two additional holidays.

Concern raised by the golden glow of Ukraine

Yesterday saw the gold Strong. Even Russia - Ukraine shadow of the crisis on commodity market is Strong. After slipping to a low of 2.5 months Comex gold gained yesterday. 1 percent higher yesterday on the Comex gold price has exceeded $ 1,300. Increased concern in the international market of Ukraine won the gold support. With an increase in the domestic market was closing. In the international market due to the rapid and continuous fall in rupee has supported gold.

Increased anxiety on one hand the gold Strong of Ukraine on the other hand, registered a decline in crude oil. Yesterday, crude oil prices dropped again to $ 100. In the domestic market, the price came down to Rs 6150. Constant pressure on crude reserves in the U.S. continues to grow. This week, the U.S. Energy Department report came much too crude stocks were estimated.

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Currency Technical Report 25 April

MARKET OVERVIEW

Dollar gained 0.39 percent & closed at Rs. 61.11 in futures. The spot rate is currently at 61.07. FIIs bought securities worth net Rs. 2912.70 crores in the cash & derivatives segment of the Indian equity markets on Wednesday. Dollar Index is currently trading at 79.7680 down 0.04 percent from the previous close.

The Markit Flash U.S. Manufacturing PMI for April indicated a barely-detectable dip to 55.4 from the final March reading of 55.5.

Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March. Sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month.

Durable goods orders in US climbed by a seasonally adjusted 2.6% last month, beating expectations for a 2% gain. Core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 2% in March, up from 0.1% in February.

The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week.

OUTLOOK FOR TODAY: USD INR

We expect the rupee to trade on a neutral to positive note against the dollar taking cues from weakness in the dollar index & less positive than expected economic data from USA. However, weakness in the asian markets & corrections in the domestic market may cap sharp gains in the rupee.

Technical Outlook: As seen on the daily chart, USDINR is at the trend line resistance near 61.21. If it breaches this level on the upside then the counter is likely to head towards the 61.35 mark. 60.80 is a crucial support on the downside

CURRENCY TRACKER: 25th April 2014

CURRENCY	CONTRACT	S2	S1	LTP	R1	R2
USDINR	April	60.66	60.82	61.11	61.35	61.73
EURINR	April	84.06	84.3	84.573	84.86	85.32
GBPINR	April	101.33	101.9	102.64	103.1	103.4
JPYINR	April	59.09	59.4	59.76	60.07	60.5

Nifty climbed by 6841, the Sensex 118 points

Sensex - Nifty (Sensex-Nifty) have reached record high levels.

April futures series (F&O) on the last day of major Indian stock market index closed with a gain.

At the end of the business index (Sensex) 118 points, or up to 22 877 with a gain of 0.52%. Nifty gained 25 points or 0.37% to close at 6841. CNX Midcap slipped marginally to 0.02%. BSE Midcap (BSE Midcap) 0.12% and BSE Small cap gained 0.22%. Today in terms of capital goods and banking sectors ended the most Buying.

Met - mixed Asian growth Coincided with the introduction of signals between the domestic markets. As above - As business grew, increasing the strength of the market left. Continued strength in the domestic market amid weak European cues, but one decreases the strength of the market in afternoon trading. However, enthusiasm for the business market increased again in the last hour. The Sensex and Nifty 22913, 6862, fell to the upper levels of the day. Finally, the Sensex - Nifty closed with a gain in business today.

In terms of regions, today the most 1.49% of the capital goods sector was strong. Banking 1.12%, 0.44% in Healthcare, FMCG 0.41%, 0.22% metal, TECK 0.15%, Auto gained 0.13%. On the other hand, realty was down by 1.28%. Consumer durables 0.88%, 0.53% in Power, Oil - Gas 0.02% to 0.33% and it are weakness.

Morning Stock Market News 23 April

NEWS UPDATES

Seamec
-Technip to divest majority stake in Seamec
-Technip says to sell anything between 51-75 percent of its stake in Seamec
-HAL Offshore to buy Technip’s majority stake in Seamec at Rs 97 a share (CMP Rs 99.50)

Muthoot Finance
-IPP issue to open & close on April 25
-IPP is Institutional Placement Programme
-Floor price for IPP issue set at Rs 155 -Rs 165
-IPP of 2.53 crore shares via book-building route

GlaxoSmithKline Consumer Healthcare says
-GSK Plc, Novartis JV to exclude company
-GSK Plc to continue to hold interest in company

Supreme Court
-To resume hearing plea against Reliance Industries (RIL) on KG-D6 today

Wonderla Holiday IPO
-Subsribed 98 percent on 2nd day of the issue
-Receives bids for 1.2 crore shares (offer is 1.23 crore)

Goa government sources say mining in state likely to restart in January 2015
FIPB may meet to consider HDFC Bank ‘s proposal for an increase in FII limits
Edelweiss Financial : Board meets today for buy back of shares
MCX will place PwC’s audit report before audit committee at today’s meet
Shasun Pharma board to meet today to mull share allotment on preferential basis to promoters
Zenith Infotech : Bombay High Court had extended stay on Zenith Infotech winding up case till today
Cimmco open offer by Titagarh Wagons at Rs 15.5/share
OnMobile Global voluntary open offer starts on April 25, closes on May 9
IMDB, JSW Energy lead race to acquire Lanco Udupi plant (deal size around USD 1.1 billion)
L&T Finance Holdings eyes stake in YES Bank
United Spirits (by Diageo) open offer at Rs 3030/share opens on June 11, closes on June 24
Suzuki will have to infuse double equity in Gujarat Plan after affecting changes to the structure

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Sensex - Nifty dull Strong in Europe

At 1:49 pm

Sensex and Nifty remain in green, but the market is buoyant. European markets are good signs. There is 0.5-1 per cent growth in European markets. Capital Goods and Oil & Gas stocks lead the market on the strength of purchases are made. But selling metal and FMCG stocks dominate. Midcap and Small cap stocks more than the Buying trends.

The 30-share BSE Sensex index is currently 0.2 per cent, with 40 points, is trading at 22 805. The NSE 50-share Nifty index gained 10 points to 6827 seems.

The market turnover BPCL, Lupin, L & T, GAIL, HDFC Bank, Reliance Industries and ONGC from 4.3 to 1.2 per cent in stocks has gained legendary. However, Sesa Sterlite, Jindal Steel, Wipro, PNB, IndusInd Bank, M & M, Cipla and like ITC is in the 2.9 to 0.7 per cent.

In midcap space, Novartis India, Chennai Petro, SKS Microfinance, SKF India, Jet Airways and from 7.5 to 4.2 per cent, pushing up the most. Technocraft In the smallcap space, Simplex Infrastructure, Techno Electric, Nectar Life and Dredging Corp rose highest from 18.7 to 13.7 per cent.

In European markets, Britain's FTSE 100 index has gained nearly 1 per cent. DAX index has jumped by 1 per cent in Germany. France's CAC 40 Index has climbed 0.5 per cent.

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Derivative Daily Technical Report 21 April

Market Internals

FII’s were net buyer by amount of 433cr after few days of selling yet here on the day of rally of 100 points the gross buying numbers was still low; whereas only gross sell numbers came down.
DII’s were net seller with amount of 122cr in cash market.
Fresh long positions were taken in index future by FII’s where they were net buyer by 716cr; mostly in May month future.
FII’s moreover bought some 6850 call option to chase momentum along with 6700-6800 put option to hedge their position.
On option front 6700-6800 is the range for the nifty if nifty manages to cross previous high of 6819 then a rally is expected which may lead expiry on higher note of 6860-6900.
VIX/PCR ratio has cooled off some bit to 29 which is an only cause of worry.
Rupee is consolidating in 60-60.5 range while dollar index is placed at 79.9 mark.

NIFTY VS OPEN INTEREST

Derivative Activity:

Nifty closed at 6779 mark while Nifty April future closed at 6800 mark with premium of 21 points.
Nifty (May) Contract closed at 6846 level with premium of 67 points.
The cost of carry for April month contract placed at 37.69% where nifty April future sheds -2.83% in open interest while total OI is positioned at 20455850.
At the money option implied volatility placed at 10.56% vs. 11.76%.

OI CONCENTRATION CHART

CHANGE IN OI

CALL OPTION HIGHLIGHTS:

On call option front highest open interest has shifted to 6800 mark which will act as an immediate resistance in upside.
Short covering was seen almost all levels while some longs were built up at 6850 mark which accumulated 2lacs amount in open interest.

PUT OPTION HIGHLIGHTS:

On put option front highest open interest is positioned at 6700 mark which will act as immediate support for nifty.
Aggressive writing was taken place at 6700-6800 mark which accumulated 41lacs total amount in open interest.
IndiaVix is down by 1% which closed at 30.85 level.
PCR OI placed at 1.07 vs. 0.96 mark while PCR volume stands at 1.03 mark.
VIX/PCR ratio stands at 28.83 level which shows fear among the traders yet this is due to high India Vix ahead of election results....... Read More

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