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Hbj capital daily newsletter 3rd dec 2012

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Daily Market outlook report.

Daily Market outlook report.

Published in: Economy & Finance
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  • 1. 12/2/2012 Daily Market Insight Technical View- The technical picture on the charts suggests that the markets are trading in continuation to the expiry move. The Volumes are supporting this up move but at the same time the RSI is on the upper side which is showing markets to be on overbought region. Positional traders are suggested to hold up NIFTY future till 6000 Mark and as of now a short position is created only if the NIFTY future gives a closing below 5850. Those who are still SHORT on the markets are suggested to keep their position hedged as long as the NIFTY up move continues and should continue their short positions open only if NIFTY Future closes below 5850 mark. NIFTY being in the range of 5550 to 5800 from last 90 days has given a clear Outlook for the day breakout this time and we are expecting itFundamental View- continue the same move. Unless and until we see any significant move in NIFTY, weNIFTY has moved with a jet rocketed speed in should not short the markets rather ridelast 3 sessions. Say it to be either derivative the UPMOVE.expiry move or real strength move. But itsamazing to see almost 300 points up move in last3 sessions in NIFTY. Now the question is thesustainability of this up move. Looking at the last INDICES LTP Change % Changevolume which is almost equal to the volume onexpiry day but the Nifty move was constrained in NIFTY 5,879.85 54.85 0.94 %the range of just 50 odd points. Similar effort on SENSEX 19,339.90 168.99 0.88%expiry day or one day prior to expiry had anamazing up move of 100 points. So what should CNXwe conclude??? 3,638.60 33.20 0.92 % SMALLCAP CNXMIDCAP 8,139.80 99.70 1.24 %Is there a net selling on last session?Shall we create a short position on NIFTY now? BANKNIFTY 12,158.90 166.10 1.38 %Shall we wait for NIFTY to close below 5830?Is this up move not going to stop till 6200mark?© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 12/2/2012 Daily Market InsightOption Strategy- NIFTY OPTION OPEN INTEREST CHART 7000000 6000000 5000000 4000000 STRIKE PRICE 3000000 CALL OI 2000000 PUT OI 1000000 0 5300 5400 5500 5600 5700 5800 5900 6000 6100 6200NIFTY OPTION OPEN INTEREST CHANGE CHART 1400000 1200000 1000000 800000 STRIKE PRICE 600000 CALL OI CHANGE 400000 PUT OI CHANGE 200000 0 -200000 5300 5400 5500 5600 5700 5800 5900 6000 6100 6200 The option data suggests that the market participants are currently visualizing the 6000 mark on the higher side. Very high CALL writing at 6000 Strike price will stop market to move beyond 6000 mark. On the other side we can see equal PUT writings on 5400 to 5800 strike price. This indicates that NIFTY down move would be restricted below 5800 mark. Last session’s option data indicated that NIFTY can have a range of 5900 and 6100 in near term.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 3. 12/2/2012 Daily Market Insight Derivative Info Increase In Open Interest Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price BUY PTC UNIPHOS 4288 6294 46.78% 119.15 4.70 TARGET 80 PTC SYNDIBANK 893 774 1265 1095 41.66% 41.47% 72.5 128.85 0.95 4.75 SL 68 KTKBANK 4815 6710 39.36% 176.8 11.95 CMP 72 CANBK 2659 3487 31.14% 468.1 22.75 Decrease In Open Interest %Chg. SELL DIVISLAB Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price DIVISLAB TARGET 1000 FEDERALBNK 4668 2069 3576 1899 -23.39% -8.22% 1186.4 484.25 -7.75 7.80 SL 1220 SRTRANSFIN 653 611 -6.43% 673.4 16.95 CMP 1186 LUPIN 3940 3702 -6.04% 593.6 10.25 DABUR 2704 2542 -5.99% 128.75 1.85 Increase In Open Interest & Decrease In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price AGGRESSIVE ZEEL 3823 4331 13.29% 196.7 -7.55 MOVE IN IDEA ACC 1852 3574 2071 3991 11.83% 11.67% 97.95 1394.95 -2.20 -13.20 HAVELLS RANBAXY 8333 9283 11.40% 506.15 -10.60 EXPECTED… HAVELLS 1250 1385 10.80% 579.3 -3.20 Decrease In Open Interest & Increase In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price FALSE FEDERALBNK 2069 1899 -8.22% 484.25 7.80 SRTRANSFIN 653 611 -6.43% 673.4 16.95 BREAKOUT LUPIN 3940 3702 -6.04% 593.6 10.25 SELL ON SUNTV DABUR 2704 2542 -5.99% 128.75 1.85 SUNTV 3995 3800 -4.88% 410.75 1.00© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 12/2/2012 Daily Market Insight Daily Market Insight is an Informative Newsletter, powered by STOPLOSSTRADE [www.stoplosstrade.com | www.stoplosstrade.in] About STOPLOSSTRADE - A decade old financial advisory services firm with a vision to simplify the complex world of the financial markets. It provides a wide range of services nationwide to a substantial and diversified client base that includes retail clients, HNI’s, corporates and financial institutions. STOPLOSSTRADE is a 100% subsidiary of HBJ Capital Services Pvt. Ltd. Complete details can be found on [www.stoplosstrade.com | www.stoplosstrade.in ] About HBJ Capital - HBJ Capital was founded in 2005 as an Equity research firm and currently has grown to become a Financial Services provider.HBJ Capital has core competencies in Equity Research, Corporate Consultancy and Private Equity. The company is one of the leaders in Equity research domain and provides services to retail clients, HNI’ s, FII’s, Hedge Funds and Brokerage partners. Complete details can be found on www.hbjcapital.com DISCLAIMER: This report has been prepared for private circulation and the content has been obtained from various sources believed to be reliable, but we do not hold ourselves liable for its completeness and accuracy. HBJ Capital Services Pvt. Ltd, STOPLOSSTRADE and any of its employees shall not be responsible for the content and actions taken on the basis of this content. This is not an offer to sell or solicitation to buy any securities. Users are advised to use the data for purposes of information only and rely on their own judgment while making investment decisions.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 5. 12/2/2012 Daily Market Insight Corporate Office (Bangalore) Stoplosstrade (SLT) #912, 1st F Main, Girinagar 2nd Phase, BSK 3rd Stage, Bangalore -85; LandMark: Near Sai baba Temple Phone: 080 65681133/34 Mobile: +91-9886403791/+080 – 6 999 999 2 E-Mail: info@stoplosstrade.com Bangalore Branch Office: Stoplosstrade (SLT) #578, Shree Durga Arcade, 2nd Floor Girinagar 2nd Phase, 6ty Block, BSK III stage, Bangalore – 560 085 LandMark: Above AXIS Bank Mobile: +91-9886403791/080-6 999 999 2 E-Mail: info@stoplosstrade.com New Delhi Branch Office: #I-2 (3rd Floor), Central Market (Next to KFC ) Lajpat Nagar -2, New Delhi -110019 Ph-011 64780080/79/78/77/76 Mobile: +91 – 9718979319 [24X7] Contact: Mr. Abhishek Kumar Singh, Operation Head (New Delhi, NCR) www.stoplosstrade.in www.stoplosstrade.com www.hbjcapital.com© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

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