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SMC Global Equity Morning Mantra
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SMC Global Equity Morning Mantra

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As the name suggests Equity Morning Mantra is focused on the market outlook for the day. It is released before the opening bell. It includes the market commentary along with the corporate and global ...

As the name suggests Equity Morning Mantra is focused on the market outlook for the day. It is released before the opening bell. It includes the market commentary along with the corporate and global news for the day. Daily FII activity and the aggregate market activity are also updated in the letter.

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    SMC Global Equity Morning Mantra SMC Global Equity Morning Mantra Document Transcript

    • Morning Mantra 9th June 2014 INDEX PREV. CLOSING % CHANGE DAILY TREND NIFTY 7583.40 +1.46% Up NIFTY FUT. 7590.75 +1.39% SGX CNX NIFTY INDEX FUT. (8:15.am.) 7640.50 +0.59% OUTLOOK FOR THE DAY The market may open higher tracking firm Asian stocks. Asian markets moved higher today, as strong export data from China and upwardly revised growth figures from Japan supported regional sentiment. U.S. stocks closed at all- time highs on Friday for a third week of gains after the May jobs report showed slow but steady improvement in the labor market. As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 1283.04 crore on 6th June 2014. Domestic institutional investors sold shares worth Rs 315.15 crore on that day. INTERNATIONAL MARKET INDEX CLOSING (SPOT) CHANGE (%) US MARKETS NASDAQ COMPOSITE 4321.40 +0.59% DOW JONES 16924.28 +0.52% US MARKETS (FUTURE) NASDAQ 100 3799.25 +0.03% DOW JONES 16940.00 +0.05% ASIAN MARKETS HANG SENG INDEX 23130.83 +0.78% NIKKEI 225 15156.32 +0.52% SHANGHAI COMP. INDEX 2042.90 +0.64% SECTOR TO WATCH TODAY Sectors to Outperform Capital Goods & Bank Sectors to Underperform FMCG & Healthcare MACRO NEWS With revolving and non-revolving credit both showing notable increases, the Federal Reserve released a report on Friday showing that U.S. consumer credit rose by much more than expected in the month of April. The Fed said consumer credit surged up by $26.8 billion in April after climbing by an upwardly revised $19.5 billion in March. Economists had expected consumer credit to rise by about $15 billion compared to the $17.5 billion increase originally reported for the previous month. INTRADAY TECHNICAL PICKS Stock Name Buy/Sell Range Pr. Close Target 1 Target 2 SL APOLLOTYRE BUY 191-192 194.15 202 205 188 GLENMARK BUY 557-558 559.70 575 580 552 WIRPO BUY 505-506 509.15 520 525 499
    • STOCKS TREND ON DAILY CLOSING LEVELS FOR SHORT TERM STOCKS CLOSING PRICE TREND DATE TREND CHANGED RATE TREND CHANGED CLOSING STOP LOSS S&P Nifty 7583 UP 10.09.13 5897 7000 CNX IT Index 8945 Down 21.03.14 9371 9300 CNX Bank Index 15543 UP 05.03.14 11099 14000 A.C.C 1443 UP 28.02.14 1108 1350 AMBUJA CEMENT 232 UP 07.03.14 182 195 ASIANPAINT* 506 UP 20.09.13 491 495 AXIS BANK 1974 UP 02.12.13 1187 1650 BAJAJ AUTO 2050 UP 04.06.14 2005 1920 BANKBARODA 902 UP 07.03.14 649 800 BHARTI ARTL 357 UP 02.04.14 325 335 BHEL 262 UP 05.09.13 138 235 BPCL * 626 UP 30.10.13 362 480 CAIRN 378 Up 26.08.13 317 330 CIPLA 396 UP 06.06.14 396 380 COALINDIA 390 UP 27.03.14 281 340 DLF 234 Up 19.05.14 183 200 DRREDDY 2347 Down 19.05 2275 2500 GAIL 421 UP 20.09.13 342 365 GRASIM 3310 UP 06.03.14 2745 2900 HCL TECH 1327 Up 24.01.12 427 1300 H.D.F.C 932 Up 19.09.13 832 850 HDFC BANK 816 UP 11.10.13 660 750 HEROMOTOCO 2690 Up 26.07.13 1869 2160 HINDALCO 168 UP 04.03.14 114 150 HINDUNILVR 640 UP 30.05.14 597 575 ICICI BANK 1484 UP 04.03.14 1068 1350 IDFC 136 UP 10.03.14 112 120 INDUSIND 545 UP 07.03.14 444 500 INFOSYS 3000 Down 13.03.14 3361 3250 ITC 337 Down 03.06.14 333 350 JIND STL & PWR 337 Up 19.05.14 290 280 KOTAK BANK 902 UP 10.03.14 753 800 LT 1691 UP 19.09.13 890 1570 LUPIN 950 Down 19.05.14 914 960 M&M 1234 UP 29.10.13 901 1100 MARUTI 2388 UP 07.03.14 1735 2150 MCDOWELL 2853 UP 28.03.14 - 2650 NMDC 191 UP 26.09.13 127 160 NTPC 166 Up 19.05.14 148 150 ONGC 463 UP 31.10.13 293 370 PNB 1017 UP 01.11.13 571 850 POWERGRID 128 UP 25.03.14 106 115 RELIANCE 1126 UP 07.03.14 869 1000 SBI 2741 UP 26.03.14 1770 2300 SESAGOA 306 UP 09.04.14 198 245 SUN PHARMA 599 UP 25.10.11 250 570 TATA MOTORS 437 UP 19.08.13 302 400 TATA POWER 111 UP 28.03.14 87 90 TATA STEEL 560 UP 27.03.14 376 480 TCS 2085 Down 19.05.14 2026 2200 TECHM 1904 UP 28.03.14 - 1750 ULTRACEMCO 2704 UP 25.02.14 1863 2100 WIPRO 510 Down 25.04.14 518 530 Note: These levels should not be confused with the weekly trendsheet which is sent in weekly magazine in the name of "Money Wise" For Any Query or Suggestions email at researchfeedback@smcindiaonline.com Analyst Dinesh Joshi Extn.624 dineshjoshi@smcindiaonline.com Disclaimer: This report is for the personal information of the authorized recipient and doesn’t construe to be any investment, legal or taxation advice to you. It is only for private circulation and use .The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis of the contents of the report. The report should not be reproduced or redistributed to any other person(s)in any form without prior written permission of the SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC nor any of its affiliates, associates, representatives, directors or employees shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this report. It does not constitute personal recommendations or take into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any entity/s. All investments involve risk and past performance doesn’t guarantee future results. The value of, and income from investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should use his/her own judgment while taking investment decisions. Please note that we and our affiliates, officers, directors, and employees, including persons involved in the preparation or issuance if this material;(a) from time to time, may have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned here in or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or may perform or seek to perform investment banking services for such company(ies) or act as advisor or lender/borrower to such company(ies) or (c) may have any other potential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of Delhi High court.