Tuesday, October 21, 2014

State polls brings back the confidence in the Indian markets...

Market outlook green logo
Greetings,

Motive

State polls brings back the confidence in the Indian markets...

Global Market Update:-

U.S. stocks traded largely higher on Monday on hopes for Apple to release upbeat third-quarter earnings, though disappointing numbers from IBM weighed on the Dow. At the close of U.S. trading, the Dow  rose 0.12%, the S&P index rose 0.91%, while the NASDAQ  index rose 1.35%. Apple Inc was due to release third-quarter earnings later on Monday after the closing bell, though expectations for a solid report boosted stock prices earlier.
Still, International Business Machines reported earlier that it was cutting its 2015 earnings forecast, pointing out it won't meet its $20 a share target, a figure that has held for five years, which weighed on broader stock indices, the Dow Jones especially.
European indices, meanwhile, ended the day lower.After the close of European trade, the France's CAC  fell 1.04%, while Germany's DAX fell 1.50%. Meanwhile, in the U.K. the FTSE fell 0.68%.

Indian Market Update:-
State election outcome brings the shines back in the Indian markets and brings back the hopes in the Indian economy. As expected the BJP has emerged has a single largest party in both the states and BJP lead government will be formed in Maharashtra too.
The Benchmark indies Opened the day higher and consolidated through out the day and managed to close the day at 1.25% higher on Both Sensex and Nifty.Sensex closed the day 26430 and Nifty at 7979.Tracking the global cues Indian markets to open in a flat note today and may advance in the second session Nifty has a strong resistance coming above 7900 levels and support coming at 7800 levels.

China will release the GDP data which will also makes the difference in metal stocks.

Cash Recommendation:-
Recommendation: BUY PTC
CMP: 85
Target: 95
Stop loss: 76
Time duration: 2 WEEKS
PTC has formed a double bottom pattern and has broken the trend line the upside with strong volumes forming the bullish engulfing pattern and the next ebb of resistance coming at 95 zone the stock should shoot upto 95 levles in short term.
PTC CHART


DERIVATIVE PICK:-
Recommendation: BUY PNB
CMP: 955
Target: 1010
Stop loss: 920
Time duration: 2 Weeks
Stock has made a strong bottom at 850 levels after a strong correction and now the stock has confirmed the upper momentum as it is broken the short term resistance trend line and stock has also broken triangular pattern can take the stock back to 1000 plus levles.
PNB CHARTS
Conclusion:-
Nifty will close this expiry between 8000-8100, Be a buyer...

[for detail report call  @ 09066326165] 








DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Monday, October 20, 2014

Natural Gas skids on Mild Weather Forecast....


U.S. Natural gas futures slid to an eleven month low on Monday as investors factored the mild weather that will dampen the early winter demand for the heating fuel.  On the New York Mercantile Exchange Natural gas for delivery in November fell to a session low of $3.674 per million British thermal units, a level not seen since November 21, 2013.  Prices pulled back and recovered to last trade at $3.677 during U.S. morning hours, down 8.9 cents or 2.36%.  Futures were likely to find support at $3.659 per million British thermal units, the low from November 21, and resistance at $3.817, the high from October 17.    The heating season from November through March is the peak demand period for U.S. gas consumption.  Meanwhile, investors continued to digest Thursday's weekly inventory data which showed that natural gas storage in the U.S. rose by more than expected 94 billion cubic feet last week.  Inventories rose by 79 billion cubic feet in the same week a year earlier while the five-year average change is a build of 78 billion cubic feet.  Injections of gas into storage have surpassed the five-year average for 26 consecutive weeks easing concerns over tightening supplies.   The Energy Information Administration's next storage report is slated for release on Thursday, October 23, with analysts expecting a build in the range of 95 to 98 billion cubic feet for the week ending October 17.  U.S. stocks were mixed on Monday as the S&P 500 and NASDAQ advanced but the Dow fell as quarterly results from IBM disappointed.  The Dow Jones industrial average fell 35.5 points, or 0.22 percent to 16,344.91, the S&P 500 gained 6.96 points or 0.37 percent to 1,893.72, and the NASDAQ Composite added 27.95 points or 0.66 percent to 4286.39.  Stock markets will take cues from the earning season which will ramp up significantly this week with nearly 130 S&P500 companies scheduled to report.  According to Thomson Reuters data through Friday, of 81 companies in the S&P 500 that have reported quarterly earnings, 64 percent beat analyst expectations, slightly above the 63 percent average since 1994 but below the 67 percent rate for the past four quarters. The US Dollar Index which tracks the performance of the greenback against a basket of six major currencies rose marginally to 85.11, up 0.0070 or 0.01% from the previous session.  The Dollar index hit a four-year peak of 86.87  two weeks ago, but the dollar's gains were expected to remain limited as the minutes of the Fed's September policy meeting suggested that the bank is in no hurry to raise interest rates and raised concerns over the dollar's strength.
On the MCX, Natural Gas opened at 230.4 marginally lower from yesterday’s close of 230.9 before skidding to a low of 225.3 before recovering to 226 levels breaching the support level of 227.6 but settling within the narrow band of 227.6 and 224.3 which incidentally also form the support bases.  Natural Gas has been trading between 227.6 and 224.3 for most part of the session which is also the second support level and Natural gas is likely to take support around this level but the resistance will come around 231.5 levels. Since Natural Gas has breached the support level of 227.6 and has traded below the pivot for the day throughout the session, the outlook on Natural gas remains extremely bearish.


Trading Opportunities in Natural Gas

Natural Gas is currently trading below the pivot level for the day around 231.6 and breached the support level of 227.6 for most part of the session.  Natural gas has support around 227.6 and 224.3 levels while the resistance comes around 234.9 and 238.9 levels.  These levels are arrived at using the classic methodology.  On last count, Natural Gas is seen hovering around 226 levels which is past the support level and has stayed at this level for a while now.  Since Natural Gas is trading decisively below the pivot level and is poorly supported, the outlook is extremely bearish; hence one can go short at the current level until 224 levels which is the next support level for Natural gas.




From the hourly charts, the bias on Natural Gas remains extremely bearish on the basis of most of the hourly technical indicators.  The MACD alone remains a neutral while Stochastic, ADX, RSI, ROC, Williams, and CCI indicate a buy.   StochasticRSI is currently oversold while MACD is neutral which could be the beginning of a turnaround but more confirmation is needed for establishing a trend reversal.  The 5, 10, 15, 20, 50, 100 and 200 period simple and exponential averages all indicate a sell which is consistent with our view on Natural Gas which remains bearish not only in the current market environment but also bearish in the mid to long term.  In the current market scenario, Natural gas has very limited upside hence it would be prudent to maintain a negative bias.  Given our analysis, our recommendation would be to go short on Natural gas from the current levels for small gains until the support level of 224 before the view gets revised.  In the event natural gas fails to breach the level and bounces off it, one can reverse ones position but that possibility remains unlikely at the moment.  Given this outlook we maintain a sell rating on Natural gas in the current market scenario.

Analysis by Joby Klapton ( Technical Analyst, HBJ CAPITAL)


[for detail report call  @ 09066326165] 







DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Nifty advance as Diwali Dhamaka...

        




Nifty started the day on a gap up and remained flat for most part of the day. Nifty closed at 7895 with a gain of 78 points on a daily basis.

On the daily chart the index has formed a Morning star candle indicating bullish bias. The chart pattern suggests that if Nifty breaks and sustains below 7800 level it would witness selling which would lead the index towards 7750-7720 levels. However if index crosses above 7950 level it would witness buying which would take the index towards 8090-8150 levels. With current close Nifty is approaching towards its 89 day SMA (7935 levels) which remains an immediate resistance. Nifty continues to remain in an uptrend in the short to medium term, so buying on dips continues to be our preferred strategy. 

Analysis By Puneeth ( Technical Analyst, HBJ CAPITAL)

[for detail report call  @ 09066326165] 







DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Markets action in par with the result reaction....


The market has ended on a strong note. The Sensex was up 321.32 points or 1.2 percent at 26429.85 and the Nifty was up 99.70 points or 1.3 percent at 7879.40. About 1634 shares have advanced, 1212 shares declined, and 111 shares are unchanged.
ONGC, Hindalco, Coal India, Axis Bank and Tata Motors are top gainers in the Sensex. Among the losers are Wipro, Infosys, TCS, ITC and Reliance.
The market maintained its morning gains with the Sensex rising 328.89 points or 1.26 percent to 26437.42 and the Nifty climbing 97.15 points or 1.25 percent to 7876.85.
Advancing shares outnumbered declining ones by a ratio of 1593 to 1042 on the Bombay Stock Exchange.
Even as the market looks fair or better than fair on valuations relative to bonds and emerging markets, an upturn in the earnings cycle will likely support valuations. Over the coming two years, he sees earnings compounding at 19.8 percent and 15.5 percent for the Sensex and broad market, respectively. UltraTech Cement rallied over 5 percent following higher-than-expected earnings in July-September quarter. Net profit shot up 55.24 percent year-on-year to Rs 410 crore on strong topline, operational and other income, and lower tax rate but impacted by higher finance, power and freight cost. Revenue during the quarter grew by 20 percent to Rs 5,429 crore driven by higher cement sales volumes. CLSA maintains a buy on the stock with a revised target price of Rs 3150.

Stock Recommendation:

Buy: PETRONET
CMP: 194(Buy @ 190)
Target: 205
Stop Loss: 180



Petronet seems to be a perfect buy at the current levels both fundamentally and technically. With the crude prices deregulated all the stocks in this particular segment rallied. The deregulation being profitable to the oil companies the stocks are expected to rise in the near term.

Keeping the fundamentals apart, the stock closed above 50 day moving average. We can see the support taken above the ichimoku cloud and also closing above it. The relative strength index picked up and is approaching 60 levels which is indeed a signal of stock gaining strength. With all the above factors falling in place Petronet can be one good stock to place your bets on. 

Analysis by Lasya Reddy ( Technical Analyst, HBJ CAPITAL)

[for detail report call  @ 09066326165] 








DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Saturday, October 18, 2014

A small cap company which is growing in rapid phase can be a one of the multi bagger idea in a short term....

sintex logo
Recommendation: BUY SINTEX
CMP: 81-82
Target: 105
Stop loss: 70
Time duration: 4  Weeks

 Technical View:-
 After the rocking  Q2 numbers released stock has decisively broken the trend line on the down side and managed to run up around 25% after the results are announced and market weakness has dragged the stock decent correction 15-16% retracement and this gives the opportunity for the fresh buyers who missed the buck on the result event could now enter as the stock is now forming the Higher top higher bottom pattern and the last trading session has given a Doji candle stick can give the reversal and the stock can touch its previous highs with in the duration of a month.
Sintex ind charts
 Fundamental view:-

 Sintex Industries has reported a strong 47% year on year (yoy) growth in consolidated net profit at Rs 107 crore for the second quarter ended September 2014 (Q2). The company engaged in plastic and textile business had profit of Rs 73 crore in previous year quarter.
Net sales grew 25% at Rs 1,673 crore on yoy basis.
EBITDA or operating profit margin improved by around 200 basis points to 17.2% in September quarter against 15.5% in the corresponding quarter of previous fiscal.
Q2FY14 is a reflection of strong growth and a drastic improvement in business sentiment. Utilisations are picking up across businesses, upturn in margins and topline growth is clearly visible. The initiatives on clean India campaign have thrown open new set of opportunities.


[for detail report call  @ 09066326165] 







DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Double bottom candle stick formation and outstanding Q2 results to drive the HERO ahead...

Hero moto logo
 
Recommendation: BUY HEROMOTOCO
CMP: 2875
Target: 3400
Stop loss: 2700
Time duration: 4  Weeks

 Technical view:-
 Hero motor corporation is moving in a uptrend line and even a bad market conditions have failed the counter breaking below the trend line and in addition it has given a double bottom candle stick formation with a huge volumes on daily chart and made a strong pullback whenever has attempted to break a trend line on the downside around 2700 levels. Now the counter is showing a clear upside momentum and could take the stocks to the fresh life times in a short period of time.

heromoto co charts
 Fundamental View:-
 India's largest two-wheeler maker Hero Motocorp  's second quarter (July-September) profit beat street expectations but rest of the numbers were in line. Net profit shot up 58.5 percent year-on-year to Rs 763 crore led by other income of Rs 193.5 crore (as against Rs 115.5 crore Y-o-Y). Profit in the year-ago period was Rs 481.4 crore. Profit was expected at Rs 689 crore on revenue of Rs 6,960 crore for the quarter, according to the average of estimates of analysts was  Revenue grew by 20.8 percent to Rs 6,915.3 crore in the quarter ended September 2014 compared to Rs 5,726.2 crore in same quarter last year driven by strong volume growth of 19.4 percent at 16.91 lakh units year-on-year.
 Volume growth was led by new launches and pick up in rural growth. "The Splendor iSmart with the path-breaking i3S technology, Pleasure scooter with the integrated braking system and the new ZMR and Karizma R have all been driving large volumes, adding to leadership," said the company in its filing. Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 12.2 percent on yearly basis to Rs 935 crore but margin declined by 100 basis points to 13.5 percent during the same period, impacted by higher other expenses.
 Analysts had expected both at Rs 948 crore and 13.6 percent, respectively. Other expenses during the quarter surged 27.4 percent to Rs 724.8 crore compared to Rs 569 crore in corresponding quarter of last fiscal while tax expenses increased to Rs 285 crore from Rs 176.9 crore during the same period. Depreciation cost in the quarter was Rs 74.96 crore, declined from Rs 286.91 crore in same quarter last year

[for detail report call  @ 09066326165] 









DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Now that the correction has occurred, at least to some degree, the question that must be answered is simply: “Is it over?”

Market outlook green logo
Dear Readers,

Weekly Wrap:-
 Now that the correction has occurred, at least to some degree, the question that must be answered is simply: “Is it over?”
The bulls remain wildly bullish, believing that this is simply a “dip” in the ongoing “bull market.” The more pessimistic crowd sees the opposite.
 Is the correction over? Maybe. Or this could be a “sucker’s rally”before a deeper decline. 
 A big concern at the moment, as stated above, is the conclusion of the Federal Reserve’s ongoing liquidity intervention program. The liquidity pushed into the markets by the Fed has been the driver behind the markets unbridled advance since its inception in 2012. The same thing occurred in 2011, which led to a topping process as QE2 was coming to an end. 
 Many reasons for the recent correction from last 4 weeks.
  • Profit Picture Is Getting Blurry in US
  • World Economies Are A Mess
  • World Security Is Worsening
  • The Yield Curve May Not Invert Prior to a Recession
  • Stock Prices Appear to Be Issuing Economic Warnings
  • The Signal of the Bond Markets Might Be a Precursor to Slowing Growth
  • The Signal of the Oil Markets Is Negative
  • Expanding Geopolitical Risks Raise Risks 
  • Growing Health Concerns Could Dent Economic Growth
  • The Growing Dominance of the  U.S. Could Have a Negative Twist  
 Impressive corporate earnings, Declining September CPI, steep fall in global oils prices failed to lift the Dalal street and since last 4 weeks markets have corrected around 5-6%  Nifty from the 8200 levels corrected some where upto 7700.
 Panic selling was lead by FII s since last one month aggressively clearing the stocks, some how the support is coming from the DIIs who are adding the stocks to their portfolio. According to the concensus liquidity is not a worry and the drift was the result of weak global cues.
 There are the hopes that the Fed, IMF, and ECB are coming out with the strong strategy will give some hopes to the markets and the last night European stocks ended higher showing the strong reversal on the daily charts after the expectation of ECB to come out with the fresh stimulus to the economy drove the sentiments and US strong earnings reports from the GE and Morgan stanely with the strong consumer sentiment data also helped the US markets to take a strong reversal.

 Weekly Outlook:-
 It was fourth straight weeks for the key Benchmark indices to close in the red but ahead of state polls outcome on the last trading day of the weeks some how bounced following the global cues. As for as the exit polls are concerned have given BJP the thumps up but the concern is BJP should not fall well short of the numbers to form a government, If that is so we could see nice gap up of around 1.5-2% gap up on early Monday’s trade, the same goes wrong can drift the Nifty down to 7500 levels where the 1 year trend line suggests the major support from those levels.
 However, whatever would be the outcome of the assembly elections Indian markets are now in a buy mode again. If the outcome is negative even then the Nifty may test 7500 levels which attracts FII s back on the valuation front in the economy and even if the outcome is positive then the rush to buy the Indian equity will be at a much higher pace.
 The initiative from the Modi’s govt on the Reforms have kick started with the reforms in a labour to make the business easier and programme MAKE INDIA was a big success story.
 As for as the global outlook is concerned, The US markets and European markets have formed a strong base technically and the US prez is taking Ebola seriously and formed the special committee to fight the Ebola ghost and other way FED and ECB are taking steps for the fresh stimuli to boost the global growth. Amid of the global dismal performance the Job market is outstandingly doing well, the recent un-employment report from US shows at the rate of 5.9% which is well below the threshold level of 6% mark of the FED.

 Nifty Technical Outlook:-
Nifty Daily charts
 
 Nifty has strongly broken the short term trend line at around 8050 levels and made a decent correction till 7700 which also till its 100 DMA now the worst case for nifty to fall till 7500 levels as the long term that is one year trend line has a strong support zone at those levels will act as a resuccicatore to Indian markets.
 However, If the BJP manages to make through the numbers in assembly elections will not break the 100 DMA support, But it will keep the momentum upside till its earlier highs within the end of November.
 On weekly basis Nifty has given 4 candles and have managed to take the support zone of 30 DMA on a weekly basis. On daily charts Nifty has taken strong support zone 61.8% of the Fibonacci retracement since the rally from July 2014 is also positive note for the Nifty.

 Conclusion:-
It was a simple dip in the Indian markets tracking the global cues or else every thing is well and fine with Indian economy in a current situation. Be a buyer in the long term.

[for detail report call  @ 09066326165] 









DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Friday, October 17, 2014

Week end trade to bring shines in the global and Indian markets, but do not keep any positions ahead of the assembly outcome....

Market outlook green logo
 
Greetings,

Scary Global cues retreated Indian markets in Yesterday’s trade...

Global Market Update:-
The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session, as economic data eased fears about the potential effect of a weakening global economy on the United States.
U.S. stocks finished Thursday mixed as investors applauded upbeat U.S. data and earnings though concerns economies elsewhere may be cooling allowed for choppy trading. Upbeat U.S. data released earlier Thursday drew applause on Wall Street.
The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Oct. 11 fell by 23,000 to 264,000 from the previous week’s total of 287,000.
Stocks also saw support after U.S. President Barack Obama said on Wednesday that the country's Center for Disease Control and Prevention would send rapid response teams to any new suspected Ebola cases in the U.S.
Indian Market Update:-
It was a complete scary session in the Indian markets following the weak global cues through out the first half the markets traded in a narrow range bound but after the EU markets opened it fell more than 1.5% from the day’s on the news Greece may default again. During the session without no time Germany markets gave up 3%.
However, Nifty broke the strong support zone of 7800 which was strong support. But, still ahead of assembly result one should not build the shorts as the week end trade across the world can show bit of a shine. Indian markets are poised open on a positive cue and again may take back the 7800 levles.
 
Cash Recommendation:-
Recommendation: BUY CEATLTD
CMP: 820
Target: 900
Stop loss: 770
Time duration: 2 WEEKS

The stock is making a higher top higher bottom pattern and have broken the flag pattern and the short term resistance level with good volume on the daily charts. And have closed above all time highs.

DERIVATIVE PICK:- 
Recommendation: BUY ITC
CMP: 352.5
Target: 380
Stop loss: 340
Time duration: 2 Weeks

Stock was under a huge correction which was corrected more than 90% from its recent rally and now have formed a double bottom candle stick pattern with the hammer candle stick pattern.

Conclusion:-
Week end trade to bring shines in the global and Indian markets, but do not keep any positions ahead of the assembly outcome....

[for detail report call  @ 09066326165] 










DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Thursday, October 16, 2014

Double top pattern to bring the stock down to its 50 DMA support

Recommendation: Sell HCLTECH
CMP: 1660(in Futures)
Stop loss: 1720
Target: 1540
Duration: 4-7 days.


                                                             WHY HCLTECH?
It has formed a double top pattern and gave a breakout today with strong sell volume.

Macd crossover is also providing a sell signal and with the estimates of both net profit and margin falling in the current quarter , one should be looking to short the stock from current levels for a target of 1540 in next 4-7 days.

Analysis by AMIR ( TECHNICAL ANALYST, HBJ CAPITAL)

[for detail report call  @ 09066326165] 








DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.

Strong Indian Economy versus weak global economy...

Market outlook green logo

Greetings,

Strong Indian Economy versus weak global economy...

Global Market Update:-
U.S. stocks fell on Wednesday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.
The potential impact of global economic weakness on U.S. earnings has been chief among the market's concerns, while the spread of the Ebola virus also has rattled markets. A second nurse in Texas tested positive for the Ebola virus, a week after Thomas Eric Duncan, the first Ebola patient diagnosed in the United States, died.

Indian Market Update:-
It is strong Indian Economy versus the weak Global economic cues. Once again the exit polls have projected BJP as the single largest party in both Maharashtra and Haryana assembly elections. which is a positive cues for the Indian economy.
If BJP managed to form the government in both the states, the reforms which are yet pending from the government will be executed sooner than expected and in addition the severe drop in the global oil prices will be the most advantage factor for the Indian economy. It is estimated that every 1 dollar drop in crude will add 35-40 thousand crore to the Indian Economy.
However, Being dependent on the globe still India cannot be spared and has to follow the weak cues which is intensifying as the day passes. Still the 7800 level on Nifty acts as a oxygen to Indian markets and hoping to bounce back well from those levels. However, BJP manages to get majority, from Monday markets may take the one side momentum back on the cards.

Cash Recommendation:-
 Recommendation: BUY Persistent
CMP: 1400-1430
Target: 1560
Stop loss: 1350
Time duration: 2 WEEKS
The stock is moving in a upward channel making higher top higher bottom pattern now the stock has corrected well off from its highs. The IT sector on the positive mood should bring in some sentiments back in the stock.

DERIVATIVE PICK:- Recommendation: BUY TCS
CMP: 2675-2700
Target: 2850
Stop loss: 2630
Time duration: 2 Days
Ahead of its quarterly result today bring the buyers back in the stock. And Technically, Again the stock is moving in a upward channel making higher top higher bottom pattern now the stock has corrected well off from its highs.

Conclusion:-
No need to worry add the longs in the second session of the day....

[for detail report call  @ 09066326165] 







DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis. Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.