24-03-2014
Daily Market Insight
U.S. stocks rose for the third time this
week as reports on leading indicators
and regiona...
24-03-2014
Daily Market Insight
Recommendation: Sell
Current price: 974.60(fut price)
Stop loss: 1010
Target: 920
Why M&M?...
24-03-2014
Daily Market Insight
Derivative Info
BUY
MRF
SELL
IGL
Increase In Open Interest
Symbol
Prev.
OI Curr. OI %Chg. ...
24-03-2014
Daily Market Insight
Daily Market Insight is an Informative Newsletter, powered by STOPLOSSTRADE
[www.stoplosst...
24-03-2014
Daily Market Insight
Bangalore Branch Office:
Stoplosstrade (SLT)
#578, Shree Durga Arcade, 2nd Floor
Girinagar...
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Market outlook report 24th march 2014

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market outlook report - 24th march 2014

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Market outlook report 24th march 2014

  1. 1. 24-03-2014 Daily Market Insight U.S. stocks rose for the third time this week as reports on leading indicators and regional manufacturing fueled optimism in the economy, overshadowing concern that interest rates may rise in the middle of next year. Asian stocks rose, with a regional index of shares. Market is expected to open on positive note but likely to remain range bound during the day. B As on 21st of march , nifty was full in choppy. Nifty Fifty heat map was also in under pressure. Among of nifty fifty Tata Steel, Hindalco, and JP Associate was in green chart. While nifty closed at 10.10 on green note . The Bombay Stock Exchange (BSE) & the National Stock Exchange (NSE) conducted a special trading session on 22nd March.AS on 22nd March Nifty closed at © Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com Outlook for the day March.AS on 22nd March Nifty closed at 6949.90. INDICES LTP Change % Change NIFTY 6494.90 1.70 0.03 SENSEX 21755.32 1.57 0.01 CNX SMALLCAP 3488.85 16.90 0.49 CNXMIDCAP 8176.75 16.85 0.21 BANKNIFTY 12075.80 -16.55 -0.14 Nifty View: Above 6480 keep long view and if a close below 6480 then major correction up to 6300 can be expected in this week. For BANK NIFTY, on 24th of march traders watch 12k for closing, above it keep long view and below it expect deeper correction of 300-500 points in this week.
  2. 2. 24-03-2014 Daily Market Insight Recommendation: Sell Current price: 974.60(fut price) Stop loss: 1010 Target: 920 Why M&M? The stock has broken the long term trendline today (21-03-2014) The stock has been moving in Trend Channel for a long time that means a breakout on either side will accompanied by sharp movement .It has given a breakout today on the lower side accompanied with good volume that should probably be followed with downside movement. Macd crossover and double top pattern further confirms the sell. Short the stock for a short term target of 3/23/2014 © Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com Short the stock for a short term target of 920 with Stop loss of 1010. Recommendation: Sell CMP: 314(Fut Price) SL: 330 TGT: 280 TIME PERIOD: 5 days WHY ONGC? ONGC has been in a long trend from a long time, but now it has taken resistance twice around 334 levels. It has completed a bearish engulfing pattern in a downtrend and given a clear breakout with strong volume. With MACD and volume giving a sell signal, it seems to be a good opportunity to catch a profitable short term trade.
  3. 3. 24-03-2014 Daily Market Insight Derivative Info BUY MRF SELL IGL Increase In Open Interest Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price MRF 235 292 24.26% 22391.25 4.10% M&MFIN 2897 3411 17.74% 254.55 -2.23% AXISBANK 23869 27549 15.42% 1376.15 1.80% HDIL 2873 3208 11.66% 49.15 5.25% IBREALEST 5417 5944 9.73% 51.2 0.00% Decrease In Open Interest Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price MCLEODRUSS 2138 1587 -25.77% 288.15 3.82% IGL 1762 1327 -24.69% 283.7 -0.25% HEXAWARE 3907 3496 -10.52% 149.9 -0.66% CIPLA 1313 2 11757 -10.47% 389.4 0.39% © Copyright 2014, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com BUY M&MFIN SELL MCLEODRUSS 2 TATASTEEL 1657 9 14887 -10.21% 363.7 3.71% Increase In Open Interest & Decrease In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price M&MFIN 2897 3411 17.74% 254.55 -2.23% M&M 8032 8459 5.32% 974.6 -0.82% ONGC 10029 10520 4.90% 304.7 -2.48% ORIENT BANK 1385 1439 3.90% 192.85 -0.31% BHARTIA RTL 11420 11851 3.77% 293.7 -0.93% Decrease In Open Interest & Increase In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price MCLEODRUSS 2138 1587 -25.77% 288.15 3.82% CIPLA 13132 11757 -10.47% 389.4 0.39% TATASTEEL 16579 14887 -10.21% 363.7 3.71% IOB 650 584 -10.15% 46.55 1.20% INDIACEM 1489 1356 -8.93% 55.05 0.92%
  4. 4. 24-03-2014 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 © 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.
  5. 5. 24-03-2014 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]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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