SMC Morning Mantra offers Nifty future levels, daily market forecast, outlook on domestic as well as international markets, intraday technical stock picks for trading, daily sector update and more.

1. EQUITY 360
1
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November 24, 2014
Nifty level
INDEX PREV. CLOSING % CHANGE DAILY TREND
NIFTY 8477.35 +0.90%
NIFTY FUT. 8492.40 +0.86% Up
SGX CNX NIFTY INDEX FUT. (8:15.am.) 8543.50 +0.65%
Outlook for the day
The market is likely to see a higher opening on the back of positive global
cues. Asian stocks rose, with a regional gauge heading for its biggest
advance this month, after U.S. indexes reached another record as China's
unexpected interest-rate cut stoked optimism in the global economy. As
per provisional figures, foreign institutional investors (FIIs)/ Foreign
Portfolio Investors (FPIs) bought shares worth a net Rs 122.5 crore on
21st November 2014. Domestic institutional investors bought shares
worth Rs 137.59 crore on that day.
International market
INDEX CLOSING (SPOT) CHANGE (%)
US MARKETS
NASDAQ COMPOSITE 4712.97 +0.24%
DOW JONES 17810.06 +0.51%
US MARKETS (FUTURE)
NASDAQ 100 4250.50 +0.03%
DOW JONES 17786.00 +0.03%
ASIAN MARKETS
HANG SENG INDEX 23883.90 +1.91%
NIKKEI 225 17357.51 NA
SHANGHAI COMP. INDEX 2519.04 +1.30%
Sector to watch today
Sectors to Outperform Sectors to Underperform
Banking & PSU Bank Media & Realty
Macro news
China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth
momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25
basis points to 2.75 percent.
Intraday technical picks
Stock Name Buy/Sell Range Pr. Close Target 1 Target 2 SL
UCOBANK BUY 84.50-85 85.70 87 88 83.50
VOLTAS BUY 273-274 276.20 282 285 270
WIPRO BUY 568-569 572.10 585 590 562
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 8477 UP 10.09.13 5897 7780
CNX IT Index 11597 up 05.11.14 11441 10800
CNX Bank Index 18056 UP 05.03.14 11099 16000
A.C.C 1464 Up 22.10.14 1477 1410
AMBUJA CEMENT 226 UP 07.03.14 182 195
ASIANPAINT* 691 UP 20.09.13 491 570

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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 476 UP 02.12.13 236 350
BAJAJ AUTO 2676 UP 19.08.14 2205 2150
BANKBARODA 1037 UP 30.07.14 886 840
BHARTI ARTL 401 UP 30.07.14 373 380
BHEL 253 UP 14.10.14 227 220
BPCL * 724 UP 30.10.13 362 610
CAIRN 270 Down 23.09.14 315 345
CIPLA 626 UP 06.06.14 396 600
COALINDIA 347 Down 09.07.14 367 385
DLF 141 Down 28.07.14 194 145
DRREDDY 3526 UP 26.06.14 2506 2750
GAIL 475 UP 28.08.14 443 420
GRASIM 3535 UP 31.10.14 3505 3300
HCL TECH 1633 Down 27.10.14 1495 1650
H.D.F.C 1130 Up 19.09.13 832 970
HDFC BANK 932 UP 11.10.13 660 790
HEROMOTOCO 3027 UP 30.07.14 2594 2550
HINDALCO 160 UP 31.10.14 164 145
HINDUNILVR 752 UP 30.05.14 597 680
ICICI BANK 1736 UP 16.07.14 1465 1540
IDFC 157 UP 10.03.14 112 135
INDUSIND 715 UP 07.03.14 444 550
INFOSYS 4144 UP 17.06.14 3250 3800
ITC 375 UP 10.07.14 343 350
JIND STL & PWR 143 Down 09.07.14 298 220
KOTAK BANK 1199 UP 10.03.14 753 950
LT 1665 UP 28.10.14 1575 1540
LUPIN 1467 UP 10.06.14 975 1200
M&M 1245 Down 13.10.14 1267 1385
MARUTI 3346 UP 07.03.14 1735 3000
NMDC 146 Down 23.09.14 169 184
NTPC 143 Down 14.07.14 149 150
ONGC 384 Down 07.10.14 398 430
PNB 978 UP 17.11.14 964 880
POWERGRID 146 UP 25.03.14 106 120
RELIANCE 996 Down 06.06.14 1018 1020
SBI* 306 UP 26.03.14 177 235
SESAGOA 238 Down 07.10.14 259 285
SUN PHARMA 840 UP 25.10.11 250 750
TATA MOTORS 532 UP 19.08.13 302 450
TATA POWER 88 Down 01.08.14 95 100
TATA STEEL 463 Down 25.08.14 510 500
TCS 2615 UP 11.06.14 2204 2400
TECHM 2671 UP 28.03.14 - 2200
ULTRACEMCO 2490 UP 31.10.14 2548 2400
WIPRO 570 UP 12.06.14 531 530
ZEEL 375 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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