Market outlook stoplosstrade 11 feb 2013
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Market outlook stoplosstrade 11 feb 2013

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Market outlook stoplosstrade 11 feb 2013

Market outlook stoplosstrade 11 feb 2013

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Market outlook stoplosstrade 11 feb 2013 Market outlook stoplosstrade 11 feb 2013 Document Transcript

  • 11-02-2013 Daily Market Insight Last week, the NSE Nifty moved in a range of 155 points. It touched a high of 6,069, before slipping to a low of 5,884. It ended the week at 5,904, a loss of 95 points. For the Nifty, the weekly and monthly charts are clearly in favour of the bears. According to the weekly charts, the next major support for the index is 5,825-odd levels, below which we could see a slide to 5,530-odd levels. Key momentum oscillators such as the moving average convergence-divergence, the relative strength index (RSI) and the Stochastic Slow have shown negative divergence on the weekly charts. Therefore, the bears are likely to have the upper hand, at least early in the week. The monthly charts, too, indicate significant support at 5,825-odd levels, below which we could see a significant fall to 5,550-odd levels. Outlook for the day However, select momentum oscillatorsOnce again, the benchmark indices closed below such as the Stochastic Slow and the RSIthe medium-term moving average on the last two are in oversold territory. In the last sixtrading days. Given select momentum oscillators months, on three occasions, the marketsare in oversold territory, a sharp pull-back in the had bounced back sharply, after fallingnear term cannot be ruled out. In case of a pull- below the medium-term moving averagesback, the Nifty would first have to stabilise at on the daily charts.above 5,925, and then break above 5,960. Only abreakout above 5,960 could trigger a rally to6,050-odd levels. INDICES LTP Change % Change NIFTY 5903.50 -35.30 -0.16%To sum up, the Nifty seems headed towards its SENSEX 19484.77 -95.55 -0.49%key support at 5,825-odd levels. However, giventhe oversold conditions on the daily charts, a CNX 3502.20 -32.60 -0.92%sharp pull-back, either from current levels or SMALLCAPafter a drop to 5,825-odd levels, cannot be ruled CNXMIDCAP 8109.45 -62.35 -0.76%out. On the upside, in case the index sustains BANKNIFTY 12280.15 -69.15 -0.56%above 5,960, the Nifty could rally to 6,050.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 11-02-2013 Daily Market InsightOption Strategy- NIFTY OPTION OPEN INTEREST CHART 8000000 7000000 6000000 5000000 4000000 CALL OI 3000000 PUT OI 2000000 1000000 0 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400NIFTY OPTION OPEN INTEREST CHANGE CHART 1200000 1000000 800000 600000 CALL OI CHANGE 400000 PUT OI CHANGE 200000 0 -200000 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 -400000 The option data suggests that the market participants are currently visualizing the 6100 mark on the higher side. Very high CALL writing at 6100 Strike price will stop market to move beyond 6100 mark. On the other side we can see equal PUT writings on 6000 to 5900 strike price. This indicates that NIFTY down move would be restricted below 5900 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
  • 11-02-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price CANBK 2165 2424 11.96% 448.95 -2.61% ONE CAN GO BANKBARODA INDUSINDBK 4318 1765 4784 1926 10.79% 9.12% 773.75 426.45 -0.59% -1.47% LONG IN M&M IRB 8382 9129 8.91% 119.95 -1.19% M&M 4540 4921 8.39% 887.35 -1.28% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price EXIDEIND 2626 2233 -14.97% 129.85 5.66% BUY GODREJIND 1114 971 -12.84% 313.2 1.52% SESAGOA APOLLOTYRE APOLLOTYRE 3805 2451 3440 2247 -9.59% -8.32% 169.85 86.55 -2.72% 0.87% HAVELLS 705 655 -7.09% 671.35 0.35% Increase In Open Interest & Decrease In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price SELL P CANBK CANBK 2165 2424 11.96% 448.95 -2.61% BANKBARODA 4318 4784 10.79% 773.75 -0.59% AND INDUSINDBK 1765 1926 9.12% 426.45 -1.47% BANKBARODA IRB 8382 9129 8.91% 119.95 -1.19% ASHOKLEY 1716 1860 8.39% 23.8 -4.61% Decrease In Open Interest & Increase In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price GODREJIND 1241 1114 -10.23% 308.5 1.88% BUY TATACHEM 1466 1319 -10.03% 364.25 3.54% ADANIPORTS HAVELLS 775 705 -9.03% 669 2.29% ADANIPORTS 2042 1862 -8.81% 156.6 0.55% IDFC 8272 7575 -8.43% 162.8 1.56%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 11-02-2013 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
  • 11-02-2013 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