Stock Martket BSE » Technical Analysis

Resistance will be at 16128-16775 – 09 Jan 2012

admin — Mon, 09 Jan 2012 03:10:38 +0000

Support will be at 15743-15482-15358-15135. Resistance will be at 16128-16775.

If the level of 15135 is violated, then obviously the stance will remain the same and the slide will continue with momentum on the downside. In that case, the slide will continue towards 13500 or below as we have been discussing in earlier issues.

Hold short positions with a stop loss of 16100 and look to cover them at 15743 or below as the opportunity arises. Buy above 16100 with the low of the day as stop loss or 15358 whichever is lower. Subsequently, exit at 16519-16854. Sell on fall below 15100 with the high of the week at the point of breakdown.

Technical Analysis – 05 Sept 2011

admin — Mon, 05 Sep 2011 03:36:29 +0000

The Nifty has run into resistance at the 5100 level indicating the possibility of a near term decline but decent support at the 4902-4920 level would probably limit the downside and lead to a recovery again. The bounce could be having some steam left.

Market Outlook The Nifty has run into resistance at the 5100 level indicating the possibility of a near term decline but decent support at the 4902-4920 level would probably limit the downside and lead to a recovery again. The bounce could be having some steam left.

Technical Analysis – 16 May 2011

admin — Mon, 16 May 2011 03:55:55 +0000

The BSE Small Cap Index may see weakness below 8270. If that happens, then a slide towards 8150 or below may be seen. A pullback may come into existence on rise above 8450.

Support will be at 18280-18160. Resistance will be at 18976-19253. The wider range of movement is 19253-18160. The 50 day average is at 18827, the 200 day EMA is at 18739 and 200 day SMA is at 19171

Last week, the BSE Sensex opened at 18362.45, attained a low at 18280.70 and moved up to 18724.54 before it closed the week at 18531.28 and thereby showed a net rise of 12.97 points on a week-to-week basis. A Harami Black candlestick pattern has been formed, which suggests that if the last week�s high of 18724 is crossed then a rise towards the upper zone of 18976-19243 may be tested.

Strategy for the week

Hold short position with a stop loss of 19254. Sell further on below 18160.

Daily Technical Analysis – 31 March 2011

admin — Thu, 31 Mar 2011 03:40:26 +0000

Europe shares hit 3-week closing high; CAC was up 0.92%, DAX up 1.77% and FTSE up 0.27%.

CBOE VIX ended down 2.5% at 17.71.

Alert: Irish banks stress test results are expected today.

US economic news:

ADP Employment suggests that private payrolls increased by 201,000 in March while market expected increase of 210,000.

Currencies:

Dollar was down 35 bps versus Euro at 1.4136. Yen was down 7 bps versus USD at 82.89.

Commodities:

May crude oil contract was down 0.5% at USD 104.27/barrel. April gold contract went up 0.5% at USD 1423.8/ounce. May silver contract gained 1.4% at USD 37.51/ounce. May natural gas contract rose 2.1% at USD 4.36 per MMBtu.

ICICI Bank – Buy

admin — Fri, 25 Feb 2011 15:40:43 +0000

ICICI Bank reported PAT of Rs1437 crore up 31% y-o-y and 16% q-o-q above our expectation and market consensus; driven by core earnings and lower provisioning expenses. Net interest income up 12.3% y-o-y and 4.9% q-o-q driven by 15% y-o-y loan growth and sequential flat NIM. Fee income saw strong traction during the quarter, grew 14% yoy and 2% qoq driven by largely wholesale business. Asset quality improved significantly during the quarter. Provisioning expenses declined 28% q-o-q during the quarter. Provision coverage ratio stood at 72% (without technical write off). CASA has shown a healthy growth of 23 % y-o-y. CASA ratio remained at 44% during the quarter. Consolidated earnings up 77% y-o-y and 46% q-o-q to `2039 crore driven by core performance of banking and non-banking businesses. Maintains BUY.

Strong operating income: Net interest income up 12.3% y-o-y and 4.9% q-o-q driven by strong sequential loan growth at 6% and flat margin at 2.6%. Growth in loan is almost in line with sequential industry growth which is 6% q-o-q during the quarter. Fee Income has shown a healthy growth of 14.3% y-o-y and 2.2% q-o-q to Rs 1,625 cr on the back of strong growth in corporate loan book, corporate advisory and higher volume in transactional fee products. Fee income contributed 93% of total non-interest income which grew 4.5% y-o-y and 10.8% q-o-q. Treasury Gains reported at `21 cr against trading loss of Rs 144 crore in Q2FY11.

Underperformance of Indian markets

ashimvig — Wed, 02 Feb 2011 10:40:55 +0000

JM Financial advises to sell SBI below Rs 2645 with stop loss of Rs 2685 and targets of Rs 2585-2562.Nifty breaching below 5630 mark is not a healthy sign. A break below 6040 was the first real signal of weakness.Gautam Shah of JM Financial said that the underperformance of Indian markets is surprising. Reliance Industries is now trading at the lower end of the range. He feels that Oil & Gas Index can lose 5-10% from here on. IT could begin a streak of under performance from here. He does not rule out Nifty slipping below 5400. Bank Nifty can find support around 10000 levels. Hang Seng is still 20% away from 2008 highs, he added.T Index is looking toppish post outperformance and can see 5-10% replacement in it from here. Markets could see 15-20% downside in Auto stocks.

US markets – 2 Feb 2011

appandJes — Wed, 02 Feb 2011 10:37:59 +0000

The US markets ended sharply higher hitting multi-year highs after erasing losses from earlier sell-offs despite unrest and turmoil in Egypt. The Dow continued its steady climb rising above the 12,000 mark for the first time since June 2008 while S&P rose above the 1300 mark.

Dow Jones Industrial Average added 1.255 or 148.23 points at 12040.16. Nasdaq Composite gained 1.89% or 51.11 points at 2751.19. Standard & Poor’s 500 rose 1.67% or 21.47 points at 1307.59.

Dr Reddy�s Labs was down 0.28% at $ 35.64, while Sterlite Industries was up 1.87% at $ 14.72 and Tata Motors was up 0.95% at $ 24.49.

Balrampur Chini

admin — Thu, 16 Dec 2010 04:18:34 +0000

Expect export allowance in tranches till production is clear; exports will help getting into a stable pricing regime; current domestic realisations at Rs 29.25/kg in UP: Balrampur Chini Related posts:Buy Balrampur Chini – Short Term Call GE Shipping| Educomp Solutions SUGAR SECTOR Turning Sweet for Investors Related posts:

Asian markets Today | Asian markets News | Asian markets Latest Report

admin — Thu, 18 Nov 2010 03:37:04 +0000

Asian markets were trading mostly in green on Thursday. China’s Shanghai Composite added 0.48% or 13.52 points at 2,852.38. Hong Kong’s Hang Seng gained 0.96% or 223.24 points at 23,437.80. Japan’s Nikkei 225 rose 0.83% or 81.01 points at 9,892.67. South Korea’s Seoul Composite was up 0.66% or 12.47 points at 1,909.58.

However, Taiwan’s Taiwan Weighted was flat at 8,259.18 and Singapore’s Straits Times was down 0.20% or 6.50 points at 3,205.60.

Sensex Predictions on May 7, 2010

admin — Fri, 07 May 2010 02:56:05 +0000

Friday, May 7, 2010 :- · Begin the day only after seeing the opening trend. Nifty is likely to play with you during this period. It may go down between small gaps and then go up between small gaps. · 13.05 to 14.15:Nifty is likely to be range bound on the up side.· 14.15 to 14.55: Nifty is likely to go soft. · 14.55 to 15.30:It may seem like a boring period, but the ‘Indication Buy’ softw re may indicate some buying during this period. Trade at your own risk.