Académique Documents
Professionnel Documents
Culture Documents
27 AUG 2013
%Chg
-5.71 -11.32 10.56 9.17
MARKET INSIGHT
On Monday 26 Aug 2013, Persistent buying amid short-covering ahead of expiry of futures and
%Chg
310.34 -45.70
%Chg
4.07 -2.04 1.14 -0.38
options contract coupled with higher Asian cues, contributed to the upside of the bourses for most part of the session. Further, the sentiment in early deals was also buoyed after the Finance Ministry said that steps to attract capital flows to fund the current account deficit can be expected within a week. Nevertheless, optimism started withering away by the close of trade as investors gradually started booking profits. Stocks from Banking, Oil & Gas and Public Sector Undertaking were the weak spells of trade, while those belonging to Power, Capital Goods and Information Technology counters showed resilience. The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1290: 998, while 150 scrips remained unchanged. On the global front, Asian stocks rose for a second day after a slump in US home sales eased speculation that the Federal Reserve will reduce economic stimulus next month. US housing data showed new home purchases plunging in July by the most in three years. touched a high and a low of 18728.19 and 18488.93 respectively. The BSE Mid cap and Small cap indices ended higher by 0.60% and 0.82% respectively. On the BSE Sectoral front, Power up by 1.44%, Capital Goods up by 1.12%, IT up by 1.11%, Health Care up by 0.99% and Teck up by 0.97% were the top gainers, while Bankex down by 1.16%, Oil & Gas down by 0.55%, PSU down by 0.42%, Auto down by 0.06% and Consumer Durables down by 0.03% were the only losers in the space. (Provisional)Out of the 30 stocks on the Sensex, 19 settled higher, while 11 stocks settled lower. 26.38 from its previous close of 25.75 on Friday. The CNX Nifty lost 1.30 points or 0.02% to settle at 5,470.45. The index touched high and low of 5,528.70 and 5,454.45 respectively. Out of the 50 stocks on the Nifty, 30 ended in the green, while 20 ended in the red. shares jumping amid better-than-expected results from some Chinese firms and reassuring comments on the country's economic growth. The National Bureau of Statistics spokesman stated that the country will achieve its growth target of 7.5% for this year. Seoul shares rose to their highest closing in a week as Auto and Tech issues rallied on bargain hunting led by foreigners after Friday's euro zone data brightened the global economic growth outlook. Hang Seng too concluded the trade in green.
World Indices
Dow Jones Nasdaq FTSE 100 14946 3658 6492
%Chg
-0.43 0.00 0.00
Commodity
Crude (US$/bl)
%Chg
106.4 1398.7 -0.52 0.19
Close Price
168.25 123.1 35.5 401.15 164.95
%Chg
9.93 6.03 4.87 4.38 3.38
Top 5 Loser
IDFC AXISBANK ONGC GAIL ICICIBANK
Close Price
94.65 931 266.65 295 832
%Chg
-8.77 -5.15 -3.63 -3.22 -2.47
SEBI Reg.No: BSE: INB 010985834, F&O: INF SEBI Regn No. BSE: INB010985834 / 010985834 NSE: INB230781431 NSE: INB 230781431, F&O: INF 230781431, PMS Regn No. INP000002387 DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Morning Note
make more, for sure.
QUANTITATIVE ANALYSIS: Volatility ruled the roost at the start of F&O expiry week, which led to a flattish close at Dalal Street, despite a positive handover from Asian stocks. What started as promising session of trade, turned out to be a choppy one, where bulls and bears made futile efforts to dominate. While, Sensex prolonged two consecutive sessions' gaining streak to end above the crucial 18,500 level, Nifty capitulating to selling pressure, ended flat below the psychological 5,500 level. However, flattish to negative close of trade didn't come as a surprise to the investors during the F&O expiry week. Benchmarks, after getting a promising start, slipped in negative territory during late morning deals, though the benchmarks recovered substantially from day's low, it again changed track and entered in red zone. For the upcoming sessions we believe spot index may continue its range bound scenario however 5310-5290 could be the near term support
levels. On the flip side any rebound from current levels could find some strong resistance around 5530-5555. Happy trading...........
Index
SENSEX NIFTY BANK NIFTY
Support 2
18110 5368 8955
Support 1
18312 5402 9202
Previous Close
18558 5477 9335
Resistance 1
18705 5522 9590
Resistance 2
18990 5568 9705
Trend
Rangebound Rangebound Rangebound
SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834 SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 NSE: INB 230781431, F&O: INF 230781431, PMS Regn No. INP000002387 DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Morning Note
make more, for sure.
NAME
Varun Gupta Mohit Taneja Vikram Singh
DESIGNATION
Head - Research Research Analyst Research Analyst
E-MAIL
varungupta@moneysukh.com
mohit.t@moneysukh.com
vikram_research@moneysukh.com
For more copies or other information, please send your query at research@moneysukh.com
Note: Please refer our Derivative Report for recommendation on OPTION STRATEGIES.
Additional Information with respect to the securities referred in our derivative calls is uploaded on our website. Please note that our technical calls are totally independent of our fundamental calls. Technical Trends calls are based on momentum, Investors/Traders are requested to observe following discipline to take maximum advantage of the products. -Entry/exit will be on the basis of price or time priority -Use strict stop loss at 15% from your average acquisition price This report is prepared for the exclusive use of Mansukh Group clients only and should not be reproduced, recirculated, published in any media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of Mansukh Securities and Finance Ltd. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses arising from the use thereof and the investors are requested to use the information contained herein at their own risk.
SEBI Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293