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Market outlook report 12th may 2014

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Market outlook report 12th may 2014

Market outlook report 12th may 2014

Published in: Economy & Finance, Business

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  • 1. 12-05-2014 © Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com Daily Market Insight INDICES LTP Change % Change NIFTY 6858.80 198.95 2.99 SENSEX 22994.23 650.19 2.91 CNX SMALLCAP 3981.75 81.70 2.09 CNXMIDCAP 8964.20 165.40 1.88 BANKNIFTY 13750.50 713.10 5.47 Nifty, Sensex, Bank Nifty ended at record closing highs. Nifty ended above 6850 for first time ever.Nifty was up 199 points or 2.99 percent at 6858.80. Nifty hit intra-day record high of 6871.35. Sensex hit intra-day record high of 23,048, and shut up 650.19 points or 2.91 percent at 22994.23. Bank Nifty hit intra-day record high of 13,814.25.Nifty consolidated in a range of 6,745-6650 for the initial four trading sessions of last week as the bulls and bears were struggling to give it a direction. Also, we witnessed Nifty breaching the psychological 6,800 level and rising to 6,900 levels on the back of strong global cues towards the end of the week. However, it ended the week on a positive note by rebounding from the 6,660 support level and closing above this crucial mark. In the coming week, Nifty is expected to continue its upward move as per the technical indicators. Its RSI has rebounded from the 30 levels and the MACD is showing maximum divergence and it is about to give a buy signal by crossing above the signal line. Upside, 6,900 is the immediate resistance for Nifty and if this is breached, an upward move until 7,000 can be expected. Downside, 6,650 is the major support and incase it moves past this level, a move until 6,600 can be expected.
  • 2. 11-05-2014 12-05-2014 © Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com Daily Market Insight Recommendation: Buy CMP: 117.25 Target: 130 Stop loss: 110 Time duration: 2-5 Days WHY IDFC? The stock has taken support an an important Fibonacci retracement level of 61.8 It has formed a strong bullish engulfing pattern The is strong increase in volume in the last trading session. With strong momentum in the banking stocks ,one should look to buy the stock from current levels for the target of 130 in 2-5 days.Recommendation: BUY CMP:318 Target: 440 Stop loss: 270 Time duration: 2-3 Weeks WHY INFOTECH ENT? Cyient (earlier Infotech Enterprises) held an investor meet on 8 May 2014. An interesting feature of the meet was the company’s increased focus on end-to- end solutions – from co-creation of products to managing the product lifecycle. This, we believe, is an attempt by Cyient to differentiate itself among its clients, penetrate information technology (IT) budgets, drive revenue/profit and provide new growth opportunities. The company is partnering with Pratt & Whitney, a major client, in manufacturing aircraft and aircraft engine components. We have retained our Buy rating on Cyient with a target price of Rs440.
  • 3. 12-05-2014 Daily Market Insight Derivative Info © Copyright 2014, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com BUY IBREALEST SELL ALBK BUY BATAINDIA SELL ALBK Increase In Open Interest Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price RECLTD 2221 3208 44.44% 251.45 2.63% PTC 967 1249 29.16% 67.7 1.88% IBREALEST 5269 6243 18.49% 64.25 5.33% ADANIENT 7825 8999 15.00% 435.05 2.45% Decrease In Open Interest Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price CESC 1930 1412 -26.84% 508.55 7.31% IRB 2850 2343 -17.79% 131.2 4.21% SRTRANSFIN 1361 1138 -16.39% 772.85 7.71% IOB 961 852 -11.34% 60.55 4.58% ALBK 3178 2840 -10.64% 94.2 3.01% Increase In Open Interest & Decrease In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price RANBAXY 7331 7632 4.11% 465.85 -1.14% GLENMARK 963 984 2.18% 582.7 -2.27% BIOCON 5186 5282 1.85% 472.8 -2.46% DIVISLAB 3903 3943 1.02% 1347.95 -2.09% BATAINDIA 1649 1660 0.67% 1036.1 -0.09% Decrease In Open Interest & Increase In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price CESC 1930 1412 -26.84% 508.55 7.31% IRB 2850 2343 -17.79% 131.2 4.21% SRTRANSFIN 1361 1138 -16.39% 772.85 7.71% IOB 961 852 -11.34% 60.55 4.58% ALBK 3178 2840 -10.64% 94.2 3.01%
  • 4. 12-05-2014 Daily Market Insight © Copyright 2014, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.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. 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
  • 5. 12-05-2014 Daily Market Insight 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: 261 , Lower ground floor, Okhla Industrial EstatePhase – 3 , New Delhi – 110020 Phone: +91-11-65990487 Mobile: +91 – 9718979319 [24X7] Contact: Mr. Abhishek Kumar Singh, Operation Head (New Delhi, NCR) www.stoplosstrade.in www.stoplosstrade.com www.hbjcapital.com © Copyright 2014, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

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