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Market outlook stoplosstrade 03 apr 2013

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Market outlook stoplosstrade 03 apr 2013

Market outlook stoplosstrade 03 apr 2013

Published in: Economy & Finance

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  • 1. 03-04-2013 Daily Market Insight Markets extended intraday gains on Tuesday, with Nifty closing near days high of 5,750 on the back of positive cues from European peers and short coverings. The 50-share index ended at 5,744.90, up 40.50 points or 0.71 per cent. It touched a high of 5,754.60 and a low of 5,687.15 in trade today. The S&P BSE Sensex closed at 19,040.95, up 176.20 points or 0.93 per cent. It touched a high of 19,060.51 and a low of 18,826.53 in trade today. The S&P BSE Midcap Index was up 1.43 per cent and the S&P BSE Smallcap Index rallied 2.28 per cent. Among the sectoral indices, the S&P BSE Metal Index gained 2.07 per cent, the S&P BSE Oil & Gas Index was 1.99 per cent higher and the S&P BSE Capital Goods Index moved up 1.88 per cent. Outlook for the day INDICES LTP Change % Change NIFTY 5748.10 43.70 0.77%In coming sessions, 5,765 shall be crucial SENSEX 19040.95 176.20 0.93%deciding level in near term, and index is likely towitness further buying above this level. Above CNX SMALLCAP 3271.60 68.15 2.13%5,765, likely target is 5,800-5,850, while below5,700, likely support is 5,675-5,650. CNXMIDCAP 7604.40 117.55 1.57% BANKNIFTY 11523.40 97.85 0.86%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 03-04-2013 Daily Market InsightOption Strategy- NIFTY OPTION OPEN INTEREST CHART 9000000 8000000 7000000 6000000 5000000 CALL OI 4000000 PUT OI 3000000 2000000 1000000 0 5400 5500 5600 5700 5800 5900 6000 6100 6200 6300NIFTY OPTION OPEN INTEREST CHANGE CHART 1400000 1200000 1000000 800000 600000 CALL OI CHANGE 400000 PUT OI CHANGE 200000 0 -200000 5400 5500 5600 5700 5800 5900 6000 6100 6200 6300 -400000 -600000 The option data suggests that the market participants are currently visualizing the 5900 mark on the higher side. Very high CALL writing at 5900 Strike price will stop market to move beyond 5900 mark. On the other side we can see equal PUT writings on 5600 to 5500 strike price. This indicates that NIFTY down move would be restricted below 5500 mark. Last session’s option data indicated that NIFTY can have a range of 5500 and 5900 in near term.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 3. 03-04-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price TATACHEM 794 1147 44.46% 328 0.64% BUY LUPIN LUPIN 1632 1950 19.49% 641.05 0.88% RCOM 9570 11287 17.94% 63.65 10.89% TATAPOWER 874 1027 17.51% 95.95 -0.47% SUNTV 1244 1435 15.35% 396 0.89% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price WELCORP 7396 6224 -15.85% 56.35 0.99% GSPL 779 696 -10.65% 72.15 3.29% SELL GSPL PANTALOONR 4267 3909 -8.39% 157.9 2.53% SYNDIBANK 842 776 -7.84% 118.15 3.14% IDFC 5646 5330 -5.60% 147.5 2.86% Increase In Open Interest & Decrease In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price TATAPOWER 874 1027 17.51% 95.95 -0.47% SELL ITC ITC 10979 12474 13.62% 307.95 -0.08% TECHM 3406 3863 13.42% 1033.1 -3.29% BHARTIARTL 4447 4792 7.76% 293.6 -0.56% AXISBANK 17334 18650 7.59% 1310.05 -0.61%Decrease In Open Interest & Increase In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price PriceJPASSOCIAT 13912 13707 -1.47% 69.75 2.20% BUYBHARATFORG 4179 4121 4988 -1.39% -1.38% 213 25.35 4.08% 0.80% JPASSOCIATUNITECH 5058TATASTEEL 15861 15664 -1.24% 321.35 1.60%CHAMBLFERT 2055 2031 -1.17% 53.1 2.91%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 03-04-2013 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. 03-04-2013 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