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Market outlook stoplosstrade 17 th jan 2013

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Market outlook stoplosstrade 17 th jan 2013

Market outlook stoplosstrade 17 th jan 2013

Published in: Economy & Finance

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  • 1. 17-01-2013 Daily Market Insight The Nifty closed below the psychological mark of 6,000 on Wednesday as weak global cues and concerns whether the Reserve Bank of India will cut interest rates at its next meet hurt sentiment. The 50-share Nifty index closed at 5,998.70, down 57.90 points or 0.96 per cent. It touched a high of 6,055.95 and a low of 5,992.05 in trade today. The Sensex ended at 19,803.26, down 183.56 points or 0.92 per cent. The index touched a high of 20,009.36 and a low of 19,783.08 in trade today. HCL Tech (1.90 per cent), Reliance Industries (1.41 per cent), Dr Reddys Laboratories (1.35 per cent), Power Grid Corporation (1.08 per cent) and NTPC (0.45 per cent) were among the major gainers. BUY NIFTY ON DIPS WITH THE SUPPORT OF 5960 TARGET 6200. Outlook for the day INDICES LTP Change % ChangeTata Motors slipped after its global sales NIFTY 6001.85 -54.75 -0.90%decreased 13.88 per cent in December 2012 to98,968 units over the same period in the SENSEX 19817.63 -169.19 -0.85%previous year. The company had sold 1,14,920 CNXunits during the corresponding month in 2011. 3788.90 -59.20 -1.54% SMALLCAPReliance Industries posted its best percentage CNXMIDCAP 8567.05 -117.20 -1.35%gain since December 28 on reports that the oil BANKNIFTY 12638.50 216.90 -1.69%ministry may take the Rangarajan panelrecommendation of mandating a price of about $8-8.5 for natural gas, to CCEA or EGoM forapproval. Nomura sees over 16 per cent upside Today’s pick....in Reliance Industries from current levels to Rs BUY ON SESA GOA [190]1000. SELL ON ZEEL [223]© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 17-01-2013 Daily Market InsightOption Strategy- NIFTY OPTION OPEN INTEREST CHART 9000000 8000000 7000000 6000000 5000000 CALL OI 4000000 PUT OI 3000000 2000000 1000000 0 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400NIFTY OPTION OPEN INTEREST CHANGE CHART 1200000 1000000 800000 600000 400000 CALL OI CHANGE 200000 PUT OI CHANGE 0 -200000 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 -400000 -600000 -800000 The option data suggests that the market participants are currently visualizing the 6200 mark on the higher side. Very high CALL writing at 6200 Strike price will stop market to move beyond 6200 mark. On the other side we can see equal PUT writings on 5900 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 6200 in near term.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 3. 17-01-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price HCLTECH 5136 6176 20.25% 676.05 1.43% ONE CAN GO SESAGOA 4130 4570 10.65% 191.7 -1.64% ZEEL 2744 3020 10.06% 223.85 -3.30% LONG IN EXIDEIND 2551 2781 9.02% 142.5 -3.06% HCLTECH IBREALEST 7774 8334 7.20% 78.6 -2.48% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price ONE CAN GO GODREJIND 2057 1583 -23.04% 314 -3.13% SHORT IN SYNDIBANK 1914 1585 -17.19% 139.5 -3.66% ARVIND 1884 1658 -12.00% 100.05 -4.26% ARVIND HAVELLS 1012 896 -11.46% 686.55 -1.09% ORIENTBANK 2233 1980 -11.33% 339.85 -2.27% Increase In Open Interest & Decrease In Price Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price BUY SESAGOA 4130 4570 10.65% 191.7 -1.64% RENUKA AND ZEEL EXIDEIND 2744 2551 3020 2781 10.06% 9.02% 223.85 142.5 -3.30% -3.06% EXIDEIND IBREALEST 7774 8334 7.20% 78.6 -2.48% RENUKA 6602 6989 5.86% 30.9 -3.29% Decrease In Open Interest & Increase In Price %Chg. SELL Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price ASHOKLEY IGL AND IGL 2107 1886 -10.49% 26.75 0.56% 2452 2202 -10.20% 262.5 1.55% POWERGRID JUBLFOOD 2294 2175 -5.19% 1247.7 0.02% RANBAXY 11122 10607 -4.63% 498.8 0.25% POWERGRID 6370 6175 -3.06% 112.45 0.63%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 17-01-2013 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. 17-01-2013 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