Thursday, October 23, 2014

This Diwali season Not only brings shine to Auto sector But also to the Capital goods Sector, Vlotas also cracks more than 20% Sales this Diwali Makes it a attractive buy...

voltas logo
 
Recommendation: BUY VOLTAS
CMP: 242
Target: 270
Stop loss: 225
Time duration: 4 WEEKS
Technical view:-
 
Voltas daily charts

Voltas is in a bull run since the February 2014 prior to Indian parliamentary elections since then it is moving in a upward channel making higher tops higher bottom pattern. Now after testing the lower line of the channel again the stock has formed the double bottom formation at 220 levels and also broken a short term trend line on the upside breaking a triangle pattern.and RSI momentum oscillator bouncing back to its bullish zone confirms the stock to move back to its earlier levels in a short term of 4 weeks.


Fundamental View:-
Pradeep Bakshi of  Voltas said the momentum in sales seen during the June quarter has continued in the September quarter as well. In the air conditioners segment, Voltas has grown by over 20 percent, Bakshi said.
Voltas is largely into air-conditioning segment and our growth has been more than 20 percent in this quarter and in both quarters growth has been more than 20 percent, so it’s been quite a fabulous Diwali and if you were to compare it with last two-three years, traction this time has been pretty good over last two-three years. Last two years Diwali was not so great, the sales as far as air-condition business was concerned and quite a few other consumer durable products were concerned but this time its been quite good and traction has been quite healthy for Voltas.

[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.

Union bank fails to break stiff resistance and showing reversal signs...

Recommendation: Sell
CMP: 221.70 (in Futures)
Target: 205
Stop loss: 230
Duration: 2-4 trading sessions



                                                        WHY UNIONBANK?


The stock has a very strong resistance zone around 223 -227 zone ,it again failed to cross this resistance level forming a bearish engulfing pattern indicating a reversal in the stock followed by a doji  which further signifies uncertainty in the stock .One should be looking to short the stock from current levels for a target of  205 levels  in 2-5 trading sessions with a stop loss of 230.

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.

Nifty Closes just below 8000 mark...


The market ended pre-Diwali trading session on a strong note. However, the Nifty could not scale the 8000-level even once. The 50-share index closed up 68.15 points or 0.9 percent at 7995.9 while the Sensex was up 211.58 points at 26787.23, and the Nifty. About 1796 shares advanced, 1030 shares declined, and 106 shares were unchanged.
Cipla, Hero MotoCorp, Bajaj Auto, Tata Motors and Maruti Suzuki are top gainers in the Sensex. Among the losers are ONGC, ITC, NTPC, ICICI Bank and Bhart Airtel.
Treasuries gained with European bonds amid speculation slowing inflation will prolong stimulus. The euro weakened, while U.S. equity-index futures signaled shares will halt a four-day rally.
The yield on 10-year Treasuries dropped three basis points to 2.19 percent at 10:45 a.m. in London, and the rate on U.K. gilts slid two basis points to 2.15 percent. The euro declined 0.2 percent to $1.2693 and the pound lost 0.5 percent to $1.6038. The Stoxx Europe 600 Index slipped less than 0.1 percent and Standard & Poor’s 500 Index futures retreated 0.2 percent. Zinc advanced 0.8 percent.

Stock Recommendation:

BUY: ADANIENT
CMP: 473
Target: 500
Stop Loss: 462




Adanient had been on an uptrend in the past trading sessions.We can also see the candle entering the ichimoku cloud and closed inside. 462 being one of the major resistances, the stock broke the resistance and is trading above the 25-day moving average. We can also see the Relative strength index above 60 which shows significant strength.

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.

Crude Oil futures extend losses post supply data....


Oil futures fell to the lowest levels of the session on Wednesday after supply data came ahead of expectations last week.  On the New York Mercantile Exchange crude oil for delivery in December traded at $81.77 a barrel during U.S. morning hours, down 72 cents, or 0.87%. Prices were around $82.52 a barrel prior to the storage report.   Futures were likely to find support at $80.80, the low from October 20, and resistance at $84.06, the high from October 16.  According to the U.S. Energy Information Administration’s weekly report, U.S. crude oil inventories rose by 7.1 million barrels in the week ended October 17, compared to expectations for a gain of 2.7 million barrels.  Total U.S. crude oil inventories stood at 377.7 million barrels as of last week.  Elsewhere on the ICE Futures Exchange in London, Brent for December delivery dipped 4 cents or 0.05%, to hit $86.18 a barrel.  London-traded Brent prices have fallen nearly 26% since June, when it climbed near $116, while WTI futures are down almost 23% from a recent peak of $107.50 in June.  Concerns over weakening global demand combined with indications that the OPEC will not cut output to support oil markets have weighed on prices in recent weeks. OPEC oil output hit a two-year high of 31 million barrels per day in September, led by higher production from Iraq and Libya.  Oil ministers from the 12-member group are scheduled to meet in Vienna on November 27 to consider whether to adjust their production target for early 2015.  U.S. stocks edged higher on Wednesday with the S&P 500 up for a fifth straight day as technology companies rallied on strong results, though weakness in Boeing weighed on the Dow.  With the session's advance which builds on a jump of about 2 percent on Tuesday, the S&P 500 is up 4.5 percent over the past five sessions, putting it on track for the biggest five-day rally since December 2011. 

 In the latest economic data, consumer prices rose 0.1 percent in September as energy costs fell broadly and the weak inflation picture should give the Federal Reserve ample room to keep interest rates low for a while.  The Dow Jones industrial average rose 9.34 points or 0.06 percent to 16,624.15, the S&P 500 gained 3.9 points or 0.2 percent to 1,945.18, and the Nasdaq Composite added 7.47 points or 0.17 percent to 4,426.95.  The dollar remained higher against a basket of other major currencies in subdued trade on Wednesday supported by the release of positive consumer price inflation data from the U.S. and as global growth concerns continued to weigh on sentiment.  The dollar index which tracks the performance of the Greenback against a basket of six major currencies rose 0.39% to 85.78, the highest since October 15. 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, Crude opened at 5040 marginally higher from yesterday’s close of 5025 and rallied all the way to 5114 before losing steam on supplies data and dropped all the way to 5015, the low for the day and is currently trading around 5015 levels.  Crude is currently trading below the pivot of the day around 5085 and is currently testing the day’s lows.  Crude is likely to take support around 4988 which is the support for the day and in the event this level fails to provide support, then crude can go all the way down to 4950 levels.  Since crude has failed to take support around its pivot and is in a free fall, the outlook on crude is extremely bearish and one can initiate a short call from the current levels as crude still has significant downside.

Trading Opportunities in Crude



Crude is currently trading below the pivot level for the day around 5085 and is testing the day’s lows around 5020 levels.  Crude has support around 4985 and 4950 levels while the resistance comes around 5090 and 5155.  These levels are arrived at using the classic methodology.  On last count, Crude was seen testing the day’s lows of 5015 levels and is likely to test the support for the day around 4985.  Crude is currently hovering around 5015 level which is close to the sessions’ low of 5014.  Since Crude 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 4980 levels which is the next support level for Crude.

From the hourly charts, the bias on Crude remains extremely bearish on the basis of most of the hourly technical indicators.  The MACD alone remains a buy while Stochastic, ADX, RSI, ROC, Williams, and CCI indicate a sell.   StochasticRSI is currently oversold while MACD is a buy 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 Crude which remains bearish not only in the current market environment but also bearish in the mid to long term.  In the current market scenario, Crude has very limited upside hence it would be prudent to remain short.  Given our analysis, our recommendation would be to go short on Crude from the current levels until the support level of 4980.  In the event Crude 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 Crude 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.

Wednesday, October 22, 2014

Double confirmation from the Momentum Indicators and break out on the charts makes IRB the best buy....

IRB LOGO

Recommendation: BUY IRB
CMP: 242.75
Target: 275
Stop loss: 232
Time duration: 2 WEEKS
After a long consolidation and correction upto 61.8% Fibonacci retracement levels, IRB has given strong break outand stock is now set for a big run. After taking the first ebb of support at 61.8% of Fibonacci stock has closed above the strong resistance of 38.2% with the bullish engulfing pattern on the daily charts with the good volumes.
MACD cross over and RSI entering the bullish zone gives the double confirmation for the stock to shoot up 10-15% upside for the stock is achievable from the current levels.
 
IRB charts




[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.

Clear direction set for Indian Markets after state polls and supporting factors from the global economy...

Market outlook green logo

Greetings,


Motive
Clear direction set for Indian Markets after state polls and supporting factors from the global economy...

Global Market Update:-
U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's. The S&P 500 has gained more than 6 percent from its session low last Wednesday, when the benchmark was down nearly 10 percent from its intraday record.
The index is on track to close above its 14-day moving average for the first time since Sept. 24 and was also trading above its 200-day average. While earnings have largely come in strong so far this quarter, concerns continue to swirl over the pace of global economic growth. China's gross domestic product grew 7.3 percent in the third quarter, the slowest pace since the first quarter of 2009.
U.S. existing home sales rose 2.4 percent in September, above expectations, hitting their highest level in a year.

Indian Market Update:-
Indian Markets cheers ahead of Diwali, Broader indices closed higher around 0.60%. Sensex closed the day at 26575 and Nifty closed at 7927. Huge delivery based buying was seen in Auto companies, Maruti, Hero Motors. Tvs Motors and Bajaj Auto lifted the sentiments ahead of the festival season Buying.
As we were predicting before, Markets to take clear direction after the state poll result and the direction is set. Now the Nifty at the end of this expiry will test 8100 and the FII s are back with the huge cash buying will take the Nifty to make its fresh highs in November. We would like to Project the Nifty Target to 8500 by the end of December.
Cash Recommendation:-
Recommendation: BUY EDELWEISS
CMP: 51.5
Target: 59.5
Stop loss: 49
Time duration: 2 WEEKS
After a big run up stock has corrected upto 61.8% of the Fibonacci retracement levels and now has broken the trend line on the upside with the bullish engulfing pattern on the daily charts with the big volumes.

DERIVATIVE PICK:-
Recommendation: BUY HEXAWARE
CMP: 188
Target: 205
Stop loss: 180
Time duration: 2 Weeks
Stock has formed the double bottom pattern at around 167 levels giving a good reversal and stock has also found support at 61.8% level of Fibonacci retracement before bouncing to 188.after closing with the bullish engulfing pattern could take the stock to its higher levles.

Conclusion:-
Buying is confermed in Global Markets, so as in Indian markets...


[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.

Tuesday, October 21, 2014

Bad quarterly results have reversed the stock technically, Sell PNB...

Recommendation: Sell
Cmp: 927 (in futures)
Target: 870
Stop loss: 957
Duration: 2-5 trading sessions


                                                                   WHY PNB?
The stock has had a good uptrend from 870 levels and touched a high of 976 levels , today it has formed a reversal pattern of bullish engulfing with a huge sell volume. The quarterly results were also announced today as 0n 21st October which were below estimates with Asset quality deteriorating  further with the gross non-performing assets (NPA) rising sequentially (up 51 basis points Y-o-Y) to 5.65 percent from 5.48 percent and net NPA climbing 24 bps Q-o-Q and 19 bps Y-o-Y to 3.26 percent in the quarter gone by. One should look to short the stock from current levels for a target of 870 in next 2-5 trading sessions with a stop loss 957


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.

Gear up for Diwali....


After a sluggish drive, the market accelerated in the last trading hour. The Sensex was up 145.80 points at 26575.65 and the Nifty ended up 48.35 points or 0.6 percent at 7927.75. About 1492 shares have advanced, 1333 shares declined, and 109 shares are unchanged. BHEL, GAIL, Sesa Sterlite, ICICI Bank and Maruti were top gainers while ONGC, M&M, Coal India, Sun Pharma and Infosys.
Equity benchmarks maintained positive momentum amid consolidation with the Sensex rising 115.01 points to 26544.86 and the Nifty gaining 38.10 points at 7917.50. About 1466 shares have advanced, 1186 shares declined, and 103 shares are unchanged on the Bombay Stock Exchange.
 Financial Technologies tanked 20 percent after the government issued draft order for merger of NSEL with company, saying the entire business of NSEL will be transferred to Financial Technologies.


Stock Recommendation:
BUY: RECLTD
CMP: 285
Target: 320
Stop Loss: 272

·         RECLTD had been on an uptrend for the past eight trading sessions.It had a triple top at 256.6 and a breakout recently.We can also see the candle entering the ichimoku cloud and closed inside.276 being one of the major resistances, the stock broke the resistance and is trading above the 50-day moving average. We can also see the Relative strength index above 60 which shows significant strength.






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.

Gold gains on ECB bond-buying speculation....


Gold prices rallied to a five-week high on Tuesday following reports that the ECB is considering corporate bond purchases or corporate debt to shore up growth and boost slowing inflation in the Euro area and could decide on the matter as soon as December.  On the Comex division of the New York Mercantile Exchange, gold for December delivery hit a daily high of $1,255 a troy ounce, the most since September 10.  Prices last traded at $1,253 during American morning hours, up $8.80 or 0.71%.  A day earlier gold prices tacked on $5.70 or 0.46%, to settle at $1,244.70.  Futures were likely to find support at $1,222, the low from October 15, and resistance at $1,257.60, the high from September 10.  The report said the ECB could activate the new stimulus plan as soon as December and start bond purchases by early next year.  The central bank began purchasing covered bonds on Monday in a bid to increase liquidity in the region.  Expectations of monetary stimulus tend to benefit gold as the metal is seen as a safe haven asset and an inflation hedge.  Separately, investors also continued to speculate over the timing of a rate hike in the U.S. after a report showed that U.S. existing home sales rose to a 12-month high in September.  The National Association of Realtors said that existing home sales increased 2.4% to a seasonally adjusted 5.17 million units last month from 5.05 million in August beating analysts’ expectation of a 1% rise to 5.1 million units.  Gold prices remained supported amid speculation that a weaker than expected global economic growth and mixed data points flowing out of US and its effect on the U.S. economy may lead the Federal Reserve to push back interest-rate increases.  A delay in raising interest rates would be seen as bullish for gold as it decreases the relative cost of holding on to the metal which doesn't offer investors any similar guaranteed payout.  A separate report showed that industrial production rose by an annualized rate of 8.0% in September, compared to forecasts for a 7.5% increase, after a 6.9% gain in the previous month.  Fixed asset investment and retail sales figures were weaker than expected, indicating that the recovery remains fragile and may require further monetary stimulus.  U.S. stocks rallied on Tuesday with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments jumped following their results.  The S&P 500 has gained 3.5 percent over the past four sessions, rebounding after a four-week decline that took the benchmark index down nearly 10 percent from its intraday record. The US Dollar Index which tracks the performance of the greenback against a basket of six major currencies was up 0.36% to 85.34, off lows of 84.80.  The Dollar index hit a four-year peak of 86.87 a week earlier, 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, Gold opened at 27473, marginally higher from yesterday’s close of 27415 and went on to reach 27640 and is currently trading around 27550 levels which is also the resistance level, and continues to trade around the resistance level of 27535.  Gold briefly tested the second resistance level of 27640 but then retreated from the day’s high but continues to trade above the resistance level and has stayed there for most part of the session.  Gold has been trading between 27500 and 27650 for most of the session which are also the first and second resistance levels.  Gold has strong support around the 27370 and 27250 levels and there is very little downside from the current levels in the near term.  Since gold is trading above the pivot for the day, one can go long on gold for a 100 point gain, before gold encounters the resistance level of 27650 but if gold succeeds in breaching the resistance level, one can look for a level of 27800.   Gold remains well supported at the current levels with very little downside, hence one can go long on gold from the current price.

Trading Opportunities in Gold



Gold is currently trading above the pivot level for the day around 27370, which has provided support for most part of the session.  Gold has strong support around 27370 and 27250 levels while the resistance comes around 27535 and 27655 levels.  These levels are arrived at using the classic methodology.  On last count, Gold is seen hovering around the 27550 levels which is above the pivot for the day and is above the first resistance level and gold has stayed above this level for the most part.  Since gold is trading decisively above the resistance level and is well supported, the outlook is extremely bullish; hence one can go long at the current level to lock decent profits until a level of 27650, a level where gold might meet with some resistance. 

From the hourly charts, the bias on Gold remains extremely bullish on the basis of most of the hourly technical indicators.  All the indicators indicate a strong buy with only StochasticRSI remaining neutral.  The RSI, Stochastic, ADX, MACD, ROC, Williams, and CCI indicate a strong buy.   StochasticRSI is currently neutral which is due to the hourly trending and one need not attach much significance to it as all the other indicators strongly confirm the buy signal.  The 5, 10, 15, 20, 50, 100, and 200 period simple and exponential averages indicate strong buys, which is consistent with our view on Gold which remains bullish not only in the current market environment but also remains bullish in the medium and long term.  Given our analysis, our recommendation is to go long on Gold from the current levels as we have a clear long signal until 27650 levels before we reexamine our outlook for any new trend that may be emerging.  From the current levels gold remains a strong buy.

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.

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.