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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.

Published in Economy & Finance
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  • 1. Morning Mantra 26th August 2014 INDEX PREV. CLOSING % CHANGE DAILY TREND NIFTY 7906.30 -0.09% SIDEWAYS NIFTY FUT. 7915.45 -0.15% SGX CNX NIFTY INDEX FUT. (8:15.am.) 7913.00 -0.08% OUTLOOK FOR THE DAY The market is likely to open flat taking mixed cues from global markets. Asian stocks were little changed after valuations on the regional benchmark index climbed to the highest level this year. U.S. stocks rose, briefly sending the Standard & Poor’s 500 Index (SPX) above 2,000 for the first time ever, as corporate deal making and prospects for economic stimulus in Europe bolstered confidence in the bull market. As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 127.33 on 25th August 2014. Domestic institutional investors bought shares worth Rs 45.71 crore on that day. INTERNATIONAL MARKET INDEX CLOSING (SPOT) CHANGE (%) US MARKETS NASDAQ COMPOSITE 4557.35 +0.41% DOW JONES 17076.87 +0.44% US MARKETS (FUTURE) NASDAQ 100 4064.00 +0.01% DOW JONES 17049.00 -0.04% ASIAN MARKETS HANG SENG INDEX 25146.12 -0.08% NIKKEI 225 15550.88 -0.40% SHANGHAI COMP. INDEX 2228.09 -0.05% SECTOR TO WATCH TODAY Sectors to Outperform IT & FMCG Sectors to Underperform Realty & Metal MACRO NEWS US new home sales in four months, as demand was relatively weaker in all regions except the South. Economists expected a reading of 432,000. July sales were down 4.3 percent from a year earlier. INTRADAY TECHNICAL PICKS Stock Name Buy/Sell Range Pr. Close Target 1 Target 2 SL HINDUNILVR BUY 716-717 716.70 735 745 709 MAX BUY 324-325 325.50 340 345 320 PRAJIND BUY 62-62.50 63 66 67 61.50
  • 2. 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 7906 UP 10.09.13 5897 7450 CNX IT Index 10646 UP 11.06.14 9436 9800 CNX Bank Index 15669 UP 05.03.14 11099 14800 A.C.C 1530 UP 12.08.14 1465 1420 AMBUJA CEMENT 213 UP 07.03.14 182 195 ASIANPAINT* 604 UP 20.09.13 491 570 AXIS BANK 400 UP 02.12.13 236 350 BAJAJ AUTO 2248 UP 19.08.14 2205 2080 BANKBARODA 891 UP 30.07.14 886 840 BHARTI ARTL 368 UP 30.07.14 373 355 BHEL 232 Down 11.07.14 223 255 BPCL * 667 UP 30.10.13 362 580 CAIRN 321 Down 11.07.14 342 340 CIPLA 508 UP 06.06.14 396 440 COALINDIA 359 Down 09.07.14 367 390 DLF 190 Down 28.07.14 194 215 DRREDDY 2861 UP 26.06.14 2506 2600 GAIL 427 Down 08.08.14 408 440 GRASIM 3450 UP 06.03.14 2745 3200 HCL TECH 1599 Up 24.01.12 427 1400 H.D.F.C 1055 Up 19.09.13 832 940 HDFC BANK 844 UP 11.10.13 660 770 HEROMOTOCO 2567 UP 30.07.14 2594 2440 HINDALCO 164 Down 25.08.14 164 180 HINDUNILVR 719 UP 30.05.14 597 640 ICICI BANK 1520 UP 16.07.14 1465 1420 IDFC 147 UP 10.03.14 112 135 INDUSIND 569 UP 07.03.14 444 520 INFOSYS 3626 UP 17.06.14 3250 3350 ITC 349 UP 10.07.14 343 335 JIND STL & PWR 250 Down 09.07.14 298 310 KOTAK BANK 1041 UP 10.03.14 753 880 LT 1520 Down 11.07.14 1575 1570 LUPIN 1265 UP 10.06.14 975 1080 M&M 1411 UP 29.10.13 901 1220 MARUTI 2810 UP 07.03.14 1735 2550 MCDOWELL 2371 Down 23.06.14 2588 2500 NMDC 171 Down 11.07.14 159 180 NTPC 142 Down 14.07.14 149 160 ONGC 429 UP 31.10.13 293 380 PNB 962 UP 30.07.14 981 900 POWERGRID 132 UP 25.03.14 106 120 RELIANCE 996 Down 06.06.14 1018 1050 SBI 2508 UP 26.03.14 1770 2350 SESAGOA 279 UP 09.04.14 198 265 SUN PHARMA 853 UP 25.10.11 250 700 TATA MOTORS 507 UP 19.08.13 302 440 TATA POWER 90 Down 01.08.14 95 105 TATA STEEL 510 Down 25.08.14 510 545 TCS 2522 UP 11.06.14 2204 2300 TECHM 2308 UP 28.03.14 - 1950 ULTRACEMCO 2625 UP 14.08.14 2639 2400 WIPRO 555 UP 12.06.14 531 510 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.