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Market outlook stoplosstrade 4 th jan 2013

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Market outlook stoplosstrade 4 th jan 2013

Market outlook stoplosstrade 4 th jan 2013

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  • 1. 04-01-2013 Daily Market Insight The National Stock Exchanges 50-share Nifty index ended above key 6,000 levels for the first time in 2-year on hopes of global growth recovery coupled with optimism the Reserve Bank of India may cut lending rates in January monetary policy. The Bombay Stock Exchanges Sensex index rose 38.66 points to provisionally end at 19,752.90 while the National Stock Exchanges Nifty-50 index gained 11.75 points and ended at 6,005.40 provisionally. The weakness in rupee gave a reason to smile to IT stocks and they surged by over a percent for the day. Infosys rose 1.24 percent, while Tata Consultancy Services gained 1.37 percent. Software services exporters will start reporting October- December earnings results next week. Shares of Jet Airways climbed 5% after company clarified that Jet and Etihad are in a discussion regarding a potential investment. Outlook for the day ONE CAN GO LONG IN NIFTY IF NIFTY TRADES ABOVE 6043 WITH THE STOP OF 6030 AND 6010 TARGET 6096.Indian shares consolidated gains in late noontrades on Thursday as investors look ahead tonegotiations over US debt limit and spending INDICES LTP Change % Changecuts. NIFTY 6009.50 16.25 0.27%Though, global cues remained jubilant traders SENSEX 19764.78 50.54 0.26%opted to take some breather before going ahead,also there was not much on the domestic front CNX 3854.15 44.75 1.17%that could propel the markets further. SMALLCAP CNXMIDCAP 8695.60 62.05 0.72%President Barack Obama and congressionalRepublicans now face even bigger budget battles BANKNIFTY 12778.15 -8.70 -0.07%in the next two months after a hard-fought dealaverted the fiscal cliff of automatic tighteningthat threatened to push the U.S. into recession.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 04-01-2013 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 900000 800000 700000 600000 500000 CALL OI CHANGE 400000 PUT OI CHANGE 300000 200000 100000 0 -100000 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 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 5800 to 5700 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 5800 and 6200 in near term.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 3. 04-01-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price HINDZINC 1410 1638 16.17% 142.95 2.55% ONE CAN GO GODREJIND 2140 2473 15.56% 325.8 3.63% LONG IN IDEA UNIPHOS 5354 6104 14.01% 138.25 4.38% IDEA 2156 2446 13.45% 109.45 4.04% AND HINDZINC JUBLFOOD 1755 1983 12.99% 1347.1 1.37% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price ONGC 10703 9566 -10.62% 280.55 1.72% ONE CAN GO COALINDIA 6078 5661 -6.86% 361.5 -0.07% SHORT IN ONGC ZEEL 2898 2743 -5.35% 232.65 -0.30% TATACHEM 3779 3591 -4.97% 367.7 3.53% IGL 2958 2814 -4.87% 256.25 1.26%Increase In Open Interest & Decrease In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price BUYNMDC 14853 16737 12.68% 163.95 -3.07%ORIENTBANK 1643 1784 8.58% 359.25 -0.94% NMDC ANDTITAN 4195 4520 7.75% 285.25 -1.55% TITANUNIONBANK 2153 2301 6.87% 279.35 -0.55%NHPC 11887 12695 6.80% 25.35 -0.78% Decrease In Open Interest & Increase In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price SELL ONGC 10703 9566 -10.62% 280.55 1.72% IGL AND TATACHEM 3779 3591 -4.97% 367.7 3.53% IGL 2958 2814 -4.87% 256.25 1.26% TATACHEM DRREDDY 7367 7031 -4.56% 1893.9 2.10% IDFC 7967 7615 -4.42% 181.75 0.86%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 04-01-2013 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. 04-01-2013 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