Friday, July 25, 2014

Nifty has set the new record closing, just 4 trading sessions left for the month and expiry, 8000 cannot be ruled out barring Today’s trade...

market outlook

Greetings,

Nifty has set the new record closing, just 4 trading sessions left for the month and expiry, 8000 cannot be ruled out barring Today’s trade...

Global Market Update:-

U.S. stocks finished Thursday mixed to lower after disappointing housing data and lackluster earnings sent a handful of investors selling equities for profits.

At the close of U.S. trading, the Dow fell 0.02%, the S&P index rose 0.05%, while the NASDAQ index fell 0.4%.
Earnings season is underway and the results have been positive for many, including Comcast Corporation, Verizon Communications Inc , Chipotle Mexican Grill Inc, Google Inc , Apple Inc , Microsoft Corporation and others. Profit taking kicked in on Thursday despite upbeat earnings from Facebook Inc  and Ford Motor Company , as disappointing numbers from Caterpillar Inc  and Boeing Company  prompted some investors to sell and take a breather on the sidelines to digest mixed U.S. data.

Broader equities managed to remain stable after data revealed initial jobless claims in the U.S. fell to an eight-year low.

European indices, meanwhile, ended the day higher. After the close of European trade, the France's CAC  rose 0.78%, while Germany's DAX rose 0.42%. Meanwhile, in the U.K. the FTSE rose 0.34%.

Indian Market Update:-

INDICESLTPChange% Change
NIFTY7830.6034.850.45
SENSEX26271.85124.520.48
CNX SMALLCAP5181.45-17-0.33
CNXMIDCAP10928.5-21.35-0.19
BANKNIFTY15534.3571.350.46

Indian markets setting records continuously amid the global tensions, Benchmark indices closed at all time records again and giving 8th straight positive session and continues, now we have left with just 4 days for the expiry and month to end.

Nifty is just away 170 points away from psychological level of 8000, and can we end up reaching this expiry. Now the important zone for nifty is around 7800 and resistance above 7860 for the day.
Markets may again consolidate for the day as today is a last trading day of the week.

Technical Wrap

Nifty has now strong support of 7800 levels and after breaking these levels as expected Indian markets witnessed another historical high and closed at all time highs. Now for nifty 7860 level acts as strong resistance zone and now we are heading towards the 8k mark.

Technically we have all the reasons why we should hit 8k mark, MACD momentum indicator now indicates strong upmove to continue. RSI trading in a bullish zone and volumes have been ultimate and again it’s a market driven by FII’s. Open interest building in options is highest at 8000 strike price.

Nifty support and Resistance:-

Nifty spot support at 78200 and Resistance 7860  for the day
FII and DII Activity:-

FII added around 282 crores worth of stocks in Equity and DII sold 290 crores in Equity.

Macro-Economic Data:-

GFK German consumer climate
German business climate
UK GDP numbers
US core durable goods

Conclusion:-

Last day of the trading is always cautious but stay long with strict stop losses...

[for detail report call  @ 08553940862] 






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, July 24, 2014

Stock Analysis-After a stellar performance of summer sales, Godrej industries set to meet another high sales target...

godrej logo

Recommendation: BUY GODREJIND
CMP: 346.6
Target: 370
Stop loss: 336
Time duration: 2 WEEKS

Godrej ind chart

TECHNICAL VIEW:-

MACD crossover the signal line with the positive volumes on daily chart.

RSI is in a bullish zone.

Bullish hammer candle stick pattern and double bottom candle stick pattern.

Taken a strong support of Fibonacci retracement of 61.8% and trading above the 38.2% comfortably.

should take the counter to higher prices in coming days.

FUNDAMENTAL VIEW:-

Godrej Appliances, consumer durables arm of Godrej Industries, is eying 30% rise in its national sales in FY15 as growth witnessed in the appliances industry across all segments and product categories. With the improvement in business, the company has set a sales target of Rs 2,700 crore against the Rs 2,200 crore garnered in the last fiscal.

The company has started the first quarter in the current fiscal on a very positive note, as the summer season across the country has been extremely well for the cooling categories of refrigerators and air conditioners. Meanwhile, Godrej Appliances has grown at 30% which is double the industry at 15% with air conditioner category showing a brilliant growth at 60% this season.

[for detail report call  @ 08553940862] 







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.

After 7 straight sessions gain, Benchmark indices to consolidate.....

market outlook

Greetings,

After 7 straight sessions gain, Benchmark indices to  consolidate.....

Global Market Update:-

U.S. stocks finished Wednesday mixed to higher as investors traded on earnings, while the ongoing conflict in Ukraine weighed on gains stemming from upbeat data released a day earlier.

At the close of U.S. trading, the Dow  fell 0.16%, the S&P index rose 0.18%, while the NASDAQ  index rose 0.40%. Better-than-expected revenue at Microsoft Corporation  drew particular applause, while earnings at Apple Inc  rose at their highest rate in about two years.

Aircraft maker Boeing Company  reported solid earnings, with profits gaining 52%, though disappointing revenue weighed on the stock

Still, reports that two Ukrainian jet fighters were shot down over the rebel-held city of Donetsk only days after pro-Russian separatists allegedly shot down a Malaysian Airlines flight with a missile capped stock-market gains and stoked fears fighting there and in Gaza will slow global recovery. European indices, meanwhile, ended the day higher.

After the close of European trade, the France's CAC  rose 0.16%, while Germany's DAX rose 0.20%. Meanwhile, in the U.K. the FTSE  rose 0.04%.

Indian Market Update:-

INDICESLTPChange% Change
NIFTY7795.7527.900.36
SENSEX26147.33121.530.47
CNX SMALLCAP5198.45-33.95-0.65
CNXMIDCAP10949.85-45.65-0.42
BANKNIFTY1546335.650.23

Indian markets rose for the 7th straight session on back improving Monsoon rainfall deficit and better than estimated quarterly earning session from some of the major caps. Markets are driven by the IT companies which are giving strength to the bench mark indices. Nifty as expected hit the new highs and closed at all time highs.

Now the concerns for the Indian markets will be ongoing tensions in Russia and Ukraine. The support for Nifty at 7730 and resistance above 7820 levels.

 Technical Wrap

 Nifty has now strong support of 7730 levels and after breaking these levels as expected Indian markets witnessed another historical high and closed at all time highs. Now for nifty 7820 level acts as strong resistance zone and closing above 7800 level can take the index to 8000 level as highest Open interest built up seen at the psychological level of 8000.

Nifty support and Resistance:-

Nifty spot support at 7730 and Resistance 7820  for the day

FII and DII Activity:-

FII added around 652 crores worth of stocks in Equity and DII sold 292 crores in Equity.

Macro-Economic Data:-

On Thursday the U.S. is to produce data on unemployment claims, manufacturing activity and new home sales

US jobless claims

Conclusion:-

Indian markets to consolidate after the 7 day rally…

[for detail report call  @ 08553940862] 






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, July 23, 2014

Stock Analysis- As geopolitical concerns waning away may expect the global crude oil prices to cool off and can buy BPCL which also gives strong technical signals...


BPCL LOGO
Recommendation: BUY BPCL
CMP: 600
Target: 650
Stop loss: 570
Time duration: 2 WEEKS
BPCL CHART

TECHNICAL VIEW:-

MACD line has crossed over signal line indicating a strong upward positive momentum. And trading in a bullish zone.

Have given bullish engulfing pattern on daily charts with the good positive volumes.

RSI trading in bullish zone that is above 50.

After a long consolidation on daily charts have broken above the triangular pattern.

Stock is showing a bullish momentum, one should not miss the buy.

FUNDAMENTAL VIEW:-

Indian Demands for petroleum products is growing and additional capacities are required to meet growing demands of the economy and expansion in the sector is must. And sector is expecting the compensations from the government.

The retail price of diesel is expected to become market linked within current financial year (FY15) barring any spike in crude oil or steep depreciation of the rupee against US dollar.

Following the likely deregulation of diesel, the Oil Marketing Companies (OMCs) would incur under recoveries on Kerosene(for under Public Distribution System) and Liquefied Petroleum gas (for domestic consumption). Both of these have far lower volumes vis-à-vis diesel thereby reducing the impact of a rise in crude oil prices or depreciation of rupee on gross under recoveries

Expects the Government of India to gradually reduce fuel subsidies, through a mix of directed subsidy to the needy consumers and small price increases. This should lower the Gross Under Recoveries for the PSU OMCs to manageable levels in the medium term.

[for detail report call  @ 08553940862] 







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.

Seems all negatives waning away, paving the way for the markets to make new highs...

market outlook

Greetings,

Seems all negatives waning away, paving the way for the markets to make new highs...

Global Market Update:-

 U.S. stocks rose on Tuesday on better-than-expected earnings as well as on upbeat inflation and home sales numbers.
At the close of U.S. trading, the Dow fell 0.41%, the S&P index rose 0.50%, while the NASDAQ index rose 0.71
June's core inflation rate, which excludes food and energy costs, rose by 0.1% from May and 1.9% on year, slightly below market calls for 0.2% and 2.0% readings, respectively, which illustrated how gasoline was driving the CPI up, though markets viewed the numbers as fundamentally healthy anyway.
Elsewhere, the National Association of Realtors reported earlier that existing U.S. home sales rose 2.6% to 5.04 million units in June from 4.91 million in May, beating market forecasts for a 2.0% rise to 4.97 million units.
European indices, meanwhile, ended the day higher. After the close of European trade, the  France's CAC  rose 1.50%, while Germany's DAX rose 1.27%. Meanwhile, in the U.K. the FTSE  rose 0.99%.
 Indian Market Update:-
INDICESLTPChange% Change
NIFTY7767.8583.651.09
SENSEX26025.80310.631.21
CNX SMALLCAP5241.8-9.4-0.18
CNXMIDCAP10995.58.30.08
BANKNIFTY15427.3541.40.27

Indian markets continue to excite with key benchmark indices logging strong gains with Sensex closing over the psychological 26000 level.  With global markets continuing to give it a leg up, it is poised to continue its upward trajectory. The key benchmark indices surged and remained in positive zone throughout the day given the firmness in Asian stocks and the provisional data showing strong buying by foreign portfolio investors and improvement in monsoon sentiment.  

The benchmark index hovered in the positive territory throughout the day.  The benchmark Nifty gained for the sixth day in a row, but higher levels look difficult given the weakness in the US and European markets with lingering geopolitical tensions. Provisional data shows improved economic vital signs with softening CPI, and receding monsoon fears continue to give optimism.  Monsoon as a risk continues to recede with monsoons picking up across India with the risk falling to 31% from 43% from a week earlier, an improvement of 28%.  Rains are vital to India’s farm sector which accounts for roughly 14% of the $2 trillion economy with two thirds of the 1.2 billion population residing in rural rears with farms being the primary source of livelihood.

However, it is very difficult to predict the markets in the short run.  The run up to the budgets saw the markets make new highs followed by a brief period of consolidation.  The markets closed on a very strong note today with support from the Asian peers but a brief consolidation of about 5% in the near term looks likely and would make the markets very attractive.

With the elections and budgets out of the way, the markets would look for earnings for further direction.  Geopolitical tensions do exist but these are largely related to certain areas and they are unlikely to cause a broad based sell off in the markets.  FIIs continue their buying into India in the face of improving macros and many experts believe the buzz around India would continue.

India continues to excite as an investment destination with many analysts believing this to be a beginning of a long term bull Run.  A stable, prosperous foundation is the primary requirement for investors to be invested in India and India continues to offer such a foundation.  The Indian economy continues to grow at a good clip and holds a strong position.  It is today one of the most attractive destinations for business and investment opportunities with its large consumer base, diversified natural resources, cheap and abundant human capital, and strong macroeconomic fundamentals.  India is the third most attractive destination for FDI in the world with Indian markets having a significant potential and a favorable regulatory regime for foreign investors and it is little wonder that India pips China to become one of the most favorable investment destinations.

 Technical Wrap

Nifty has decisively broken the strong zone of 7730 level and moving towards the higher levels to make another historical highs. The strong support zone now for Nifty would be around 7730 level and strong resistance would be 7820 level.

Nifty support and Resistance:-
Nifty spot support at 7730 and Resistance 7820  for the day

FII and DII Activity:-
FII added around 412 crores worth of stocks in Equity and DII added 59 crores in Equity.

Macro-Economic Data:-
Canadian core retail sales
UK MPC minute of meetings

Conclusion:-

Indian markets tend to move higher but cautiously tracking global tensions and Q1 earnings as Nifty is nearing its resistance zone...

[for detail report call  @ 08553940862] 






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, July 22, 2014

Stock Analysis- After the Erosion from high levels Wockpharma showing the reversal pattern...

wockpharma logo

Recommendation: BUY WOCKPHARMA
CMP: 642.7
Target: 750
Stop loss: 600
Time duration: 2 WEEKS

Workpharma chart

TECHNICAL VIEW:-

In the past couple of months, the stock prices have been battered down from the high of 848 to straight away towards 545 which is almost 30% erosion.

However stock found strong support around 550 levels and consolidated near those levels for almost eight consecutive weeks. Looking at the Daily chart, it can be construed that the prices are hovering exactly above the support of 550 that is none other than 61.8% Fibonacci retracement level of the entire move from 380 to 850.

The stock prices have broken out above 620 levels with increase in volumes which resulted in a ‘Falling Trend Line’ breakout and confirmation of ‘Higher Top Higher Bottom’ cycle on the daily chart

 RSI trading in a bullish zone.

[for detail report call  @ 08553940862] 







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.

Amid of weak Monsoon, Ukrainian and Gaza tensions, Indian Markets moves higher tracking Q1 earnings...

market outlook

Greetings,

Amid of weak Monsoon, Ukrainian and Gaza tensions, Indian Markets moves higher tracking Q1 earnings...

Global Market Update:-

U.S. stocks fell on Monday amid fears the crises in Ukraine and Gaza may intensify and drag on global economic recovery.
At the close of U.S. trading, the Dow  fell 0.29%, the S&P index fell 0.23%, while the NASDAQ  index fell 0.17%.
Concerns that tensions in Ukraine could escalate kept investors camped out in safe-haven dollar positions and away from equities, especially amid reports that Ukrainian troops were moving into the rebel-held city of Donetsk only days after pro-Russian separatists allegedly shot down a Malaysian Airlines flight with a missile.

Meanwhile in the Middle East, Israel pressed on with its ground offensive in Gaza in a conflict that has killed over 500 Palestinians and several Israeli soldiers.Earlier Monday, U.S. President Barack Obama said he was concerned about the violence and called for a ceasefire in Gaza.

European indices, meanwhile, ended the day lower.After the close of European trade, the France's CAC  fell 0.71%, while Germany's DAX fell 1.11%. Meanwhile, in the U.K. the FTSE  fell 0.31%.

Indian Market Update:-

INDICESLTPChange% Change
NIFTY7684.220.300.26
SENSEX25715.1773.610.29
CNX SMALLCAP5241.821.50.41
CNXMIDCAP10987.20-11.20-0.1
BANKNIFTY15385.95-3.40-0.02
Amid of weak Monsoon worries and geopolitical tensions across the globe the Indian markets moving higher tracking the better than estimate Q1 earnings from the Major caps, like TCS, Reliance , HDFC. Today the results of Axis Bank to be released during market hours could give bit of a direction to markets.

Technical Wrap
 However, still for Nifty 7625 is the important support level for the day and resistance is above 7730 levels. Nifty could move higher only if it closes above 7730 levels.

Nifty support and Resistance:-
Nifty spot support at 7625 and Resistance 7730  for the day

FII and DII Activity:-
FII added around 161 crores worth of stocks in Equity and DII sold 181 crores in Equity.

Macro-Economic Data:-
On Tuesday, the U.S. is to release reports on consumer price inflation and existing home sales.

Conclusion:-
Indian markets tend to move higher but cautiously tracking global tensions and Q1 earnings as Nifty is nearing its resistance zone...

[for detail report call  @ 08553940862] 






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, July 21, 2014

5 Technical Reasons why should not miss a buy in Century textiles...

century logo

Recommendation: BUY Century Textiles
CMP: 633.85
Target: 750
Stop loss: 595
Time duration: 2 Weeks

Centurytex chart

After a completion of the Elliot wave, Century textiles tend to move to form another Elliott wave. In a current move Elliott has made a first impulse upward move followed by a sharp correction second wave, which did not cross below the first wave and given a 3rd bullish impulse wave breaking all the resistance levels with a good volumes and 3rd wave always longer than the first wave can move much higher from the current levels in the short term.

MACD is crossing over the Signal line giving the momentum higher.

Accumulation and distribution has given a strong bullish divergence and OI is the highest delivery based volumes in the counter.

RSI is in a Bullish zone.

Broken the triangular pattern.

[for detail report call  @ 08553940862] 







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.