The market is expected to open flat with a positive bias. Asian markets traded mixed, while US futures indicate a slight rise. Several companies will report quarterly results. Banking and pharma sectors are expected to outperform, while metal and energy may underperform. The US unemployment rate fell slightly. Specific stocks are recommended for buying, and their expected price ranges and targets are mentioned. Trends of various indices and stocks over the past few months are also provided.

1. MORNING MANTRA
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November 10, 2014
Nifty level
INDEX PREV. CLOSING % CHANGE DAILY TREND
NIFTY 8337.00 -0.02%
NIFTY FUT. 8381.65 +0.02% Sideways
SGX CNX NIFTY INDEX FUT. (8:15.am.) 8406.00 +0.04%
Outlook for the day
The market is likely to open flat with a positive bias as U.S. markets show
signs of expansion. Asian stocks traded mixed with China leading the gainers
list on reforms enhancing its connectivity to global markets. On the political
front back home, Manohar Parrikar is the new Defence Minister and Suresh
Prabhu will head the Railway Ministry Minister in the expansion-cum-reshuffle
of the Narendra Modi ministry after 21 new Ministers were sworn-in.
Dena Bank, IOCL, Apollo Tyres, Entertainment Network, Bharat Forge,
Adani Ports & SEZ, Adani Power, IPCA Lab, Motherson Sumi, Jain Irrigation,
IL&FS Eng, Omaxe, REC Ltd, SREI Infra and will announce its quarterly result
today. As per provisional figures, foreign institutional investors (FIIs)/
Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 2537.13
crore on 7th November 2014. Domestic institutional investors sold shares
worth Rs 192.20 crore on that day.
International market
INDEX CLOSING (SPOT) CHANGE (%)
US MARKETS
NASDAQ COMPOSITE 4632.53 -0.13%
DOW JONES 17573.93 +0.11%
US MARKETS (FUTURE)
NASDAQ 100 4158.75 +0.19%
DOW JONES 17526.00 +0.14%
ASIAN MARKETS
HANG SENG INDEX 23962.54 +1.75%
NIKKEI 225 16758.10 -0.72%
SHANGHAI COMP. INDEX 2450.42 +1.33%
Sector to watch today
Sectors to Outperform Sectors to Underperform
Banking & Pharma Metal & Energy
Macro news
The Labor Department said non-farm payroll employment rose by 214,000 jobs in October compared to economist estimates for an increase of about
235,000 jobs. At the same time, employment climbed by 256,000 jobs in September and by 203,000 jobs in August, reflecting a net upward revision of
31,000 jobs. The report also said the household survey measure of employment surged up by 638,000, outpacing the 416,000 increase in the size of
the labor force. Subsequently, the unemployment rate edged down to 5.8 percent in October from 5.9 percent in September
Intraday technical picks
Stock Name Buy/Sell Range Pr. Close Target 1 Target 2 SL
BANKBARODA BUY 960-962 962.45 995 1010 955
DISHTV BUY 58-58.50 58.90 61 62 57
ZEEL BUY 370-371 371.90 382 385 366
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 8337 UP 10.09.13 5897 7780
CNX IT Index 11469 up 05.11.14 11441 10800
CNX Bank Index 17372 UP 05.03.14 11099 16000
A.C.C 1511 Up 22.10.14 1477 1410
AMBUJA CEMENT 223 UP 07.03.14 182 195
ASIANPAINT* 646 UP 20.09.13 491 570

2. 2
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Stocks trend on daily closing levels for short term
STOCKS CLOSING PRICE TREND DATE TREND CHANGED RATE TREND CHANGED CLOSING STOP LOSS
AXIS BANK 470 UP 02.12.13 236 350
BAJAJ AUTO 2543 UP 19.08.14 2205 2150
BANKBARODA 970 UP 30.07.14 886 840
BHARTI ARTL 391 UP 30.07.14 373 380
BHEL 250 UP 14.10.14 227 220
BPCL * 758 UP 30.10.13 362 610
CAIRN 277 Down 23.09.14 315 345
CIPLA 651 UP 06.06.14 396 600
COALINDIA 345 Down 09.07.14 367 385
DLF 135 Down 28.07.14 194 145
DRREDDY 3395 UP 26.06.14 2506 2750
GAIL 487 UP 28.08.14 443 420
GRASIM 3592 UP 31.10.14 3505 3300
HCL TECH 1619 Down 27.10.14 1495 1650
H.D.F.C 1104 Up 19.09.13 832 970
HDFC BANK 900 UP 11.10.13 660 790
HEROMOTOCO 2890 UP 30.07.14 2594 2550
HINDALCO 156 UP 31.10.14 164 145
HINDUNILVR 760 UP 30.05.14 597 680
ICICI BANK 1690 UP 16.07.14 1465 1540
IDFC 153 UP 10.03.14 112 135
INDUSIND 728 UP 07.03.14 444 550
INFOSYS 4160 UP 17.06.14 3250 3800
ITC 355 UP 10.07.14 343 345
JIND STL & PWR 161 Down 09.07.14 298 220
KOTAK BANK 1126 UP 10.03.14 753 950
LT 1655 UP 28.10.14 1575 1540
LUPIN 1425 UP 10.06.14 975 1200
M&M 1239 Down 13.10.14 1267 1385
MARUTI 3284 UP 07.03.14 1735 3000
NMDC 158 Down 23.09.14 169 184
NTPC 144 Down 14.07.14 149 150
ONGC 410 Down 07.10.14 398 430
PNB 943 Down 25.09.14 872 960
POWERGRID 145 UP 25.03.14 106 120
RELIANCE 982 Down 06.06.14 1018 1020
SBI 2740 UP 26.03.14 1770 2350
SESAGOA 247 Down 07.10.14 259 285
SUN PHARMA 895 UP 25.10.11 250 750
TATA MOTORS 534 UP 19.08.13 302 450
TATA POWER 92 Down 01.08.14 95 100
TATA STEEL 471 Down 25.08.14 510 500
TCS 2570 UP 11.06.14 2204 2400
TECHM 2655 UP 28.03.14 - 2200
ULTRACEMCO 2559 UP 31.10.14 2548 2400
WIPRO 555 UP 12.06.14 531 530
ZEEL 373 UP 19.09.14 - 285
Note: These levels should not be confused with the weekly trendsheet which is sent in weekly magazine in the name of "Money Wise"

3. ®
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