Market outlook   stoplosstrade 8 jan 13
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Market outlook stoplosstrade 8 jan 13

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Market outlook stoplosstrade 8 jan 13

Market outlook stoplosstrade 8 jan 13

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Market outlook stoplosstrade 8 jan 13 Document Transcript

  • 1. 08-01-2013 Daily Market Insight The Nifty snapped its four-day winning streak and closed below the psychological 6,000 mark in the absence of supportive cues from global peers. Gains in metals, healthcare and auto were offset by losses in capital goods, realty and FMCG sectors. The 50-share Nifty index ended at 5,978.45, down 37.70 points or 0.63 per cent. It touched a high of 6,042.15 and a low of 5,977.30 in trade today. The Sensex closed at 19,658.01, down 126.07 points or 0.64 per cent. The index touched a high of 19,856.43 and a low of 19,654.46 in trade today. The BSE Midcap Index was up 0.12 per cent and the BSE Smallcap Index gained 0.52 per cent. ONE CAN GO LONG IN NIFTY IF NIFTY TRADES ABOVE 6025 WITH THE STOP OF 6001 AND 5980 TARGET 6150. Outlook for the dayNIFTY has now moved into a bull phase though therewill be corrections on the way, but some of these couldwell be running corrections INDICES LTP Change % Change NIFTY 5988.40 -27.75 -0.46Goldman Sachs on Monday said it expects the NSENifty index to cross the 7,000-mark by the end of the SENSEX 19691.42 -92.66 -0.47 year. CNX 3888.70 9.30 0.24%In a note dated January 4, the US company said: SMALLCAP"Given the inexpensive valuations and conservative CNXMIDCAP 8768.05 21.10 0.24%investor positioning, we are overweight on India,China, Korea and Singapore, and tilted towards BANKNIFTY 12708.70 -78.65 -0.62% cyclicals."© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 08-01-2013 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 800000 600000 400000 200000 CALL OI CHANGE 0 PUT OI CHANGE -200000 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 -400000 -600000 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. 08-01-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price ONE CAN GO BHUSANSTL SYNDIBANK 457 1040 594 1320 29.98% 26.92% 495.7 138.9 2.96% 0.94% LONG IN LT 16564 20473 23.60% 1600.65 -2.53% SYNDIBANK IOC 1324 1551 17.15% 283.8 0.07% AND LT TATASTEEL 12449 14092 13.20% 444.45 1.66% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price HINDZINC 1812 1519 -16.17% 142 0.74% ONE CAN GO HINDPETRO 6113 5434 -11.11% 329.7 4.77% SHORT IN PTC PTC 936 849 -9.29% 78.8 0.77% ABB 385 350 -9.09% 729 -0.34% UNIONBANK 2357 2157 -8.49% 276.3 -1.44% Increase In Open Interest & Decrease In Price %Chg. BUY Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price LT 16564 20473 23.60% 1600.65 -2.53% TITAN AND ZEEL 2846 3155 10.86% 225.2 -1.70% LUPIN TITAN 4766 5193 8.96% 283.75 -1.48% LUPIN 4287 4671 8.96% 604 -0.96% ORIENTBANK 1964 2070 5.40% 354.4 -0.81% Decrease In Open Interest & Increase In Price SELL Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price RELINFRA AND HINDZINC 1812 1519 -16.17% 142 0.74% HINDPETRO CAIRN PTC 6113 936 5434 849 -11.11% -9.29% 329.7 78.8 4.77% 0.77% RELINFRA 12752 11908 -6.62% 552.9 0.35% CAIRN 15720 14689 -6.56% 344.45 1.91%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 08-01-2013 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. 07-01-2013 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