Dear
Friends,
Following
is the Analysis on Several Indices including Nifty, Bank Nifty, All F&O
Stocks, Small Cap & Mid Cap along with VIX & USDINR, Derivatives
Outlook.
CNX
Nifty (CMP 6858):
Rising
expectations & speculation about the formation of a stable Modi led
Government led to huge short covering & buying support on all dips from
6630-6640 zone & as a result moved upwards towards record high levels of
6860 zone.
With
6800 & 6700 PE having maximum OI of 33 Lakhs & 23 lakhs respectively
& along with 7000-7200 Call having an OI of 53 & 48 Lakhs respectively,
6780-6790 is a key support in the next few sessions.
Till
Nifty holds 6780, it can further witness a galloping move upto 6970-6985. Only
on cross-over & sustenance above 6985, it would move upto 7070-7185. Break
below 6780, could lead to retest of 6710-6650.
Weekly
Range could be 6780-6990.
Technically,
Technical Oscillators RSI is placed above their respective averages on daily as
well as weekly charts. Further MACD is placed above its average on the weekly
charts & Stochastic is placed above its average on the daily charts. Nifty
Index is placed above its 50, 100 & 200 DMA along with 50 DMA & 100 DMA
being placed above 200 DMA which is known as a Golden Cross Break-out. These
positive technical conditions would augur well for the Markets & lead to
buying on all dips going forward.
However
MACD which is placed below its average on daily charts & Stochastic below
its average on Weekly Charts would lead to some profit booking at higher
levels.
Focus
has shifted to the quality mid-caps & small-caps where the next round of
wealth is being created. Now it is all the more important to be very stock
specific & stay cautious as in the forthcoming 4-5 sessions, the political
uncertainty increasing day by day during the ongoing Lok Sabha Elections,
Announcements pertaining to Exit Polls from May 12, 2014 & its possible
outcome on May 16, 2014.
Going
forward,
Movement
of the Markets would be dictated by FII Fund Flows, Global Market Trends,
ongoing India Q4FY14 Corporate results along with future earnings guidance,
news-flow about the Exit Polls pertaining to Lok-Sabha elections, movement of
Rupee against the Dollar & crude oil price movement.
Trade
cautiously as movements would be bit choppy & volatile in the upcoming week
in the run-up to Lok Sabha election results due to VIX approaching higher levels
of 40.
USDINR
(CMP 59.85):
Rupee
has strengthened to 59.80 zone on account of the relentless FII flows. Further
Strengthening of Rupee would be extremely beneficial to importers & to
those companies that have US Dollar Denominated Loans, thus would be having a
statutory impact on their bottom-line. Rupee can strengthen till 58-58.50 till
61 is not breached on the higher side.
BRENT
CRUDE ($ 108)
Brent
Crude has weakened from 117 $ to 107 $ per barrel in the past few weeks &
it has a big positive impact on the domestic economy as the country is the
biggest importer of Crude Oil. It would even reduce the burden of Oil Subsidies
which inturn would shape a better picture of the country’s BOP.
Strengthening
of Rupee along with falling crude prices would lead to a massive improvement in
the fundamentals of the economy which would inturn improve the economic
sentiment tremendously.
Midcap:
(CMP 8964)
CNX
Midcap CMP 8964 witnessed buying support on all lower levels & surged to a
record high of 8970. Going Forward 8750 is held, expect this current uptrend to
continue upto 9150 where the current upmove could end & reversal can be
witnessed. Stay cautious as RSI too has approached overbought zone. Break &
sustenance below 8750 with volumes could lead to a retest of 8400-8320 zone.
Small
Cap (CMP 7593):
BSE
Small-cap CMP 7532 witnessed buying support on all lower levels & surged to
a newer high of 7600.
Going
Forward 7475 is held, expect this current uptrend to continue upto 7900 where
the current upmove could end & reversal can be witnessed. Stay cautious as
RSI too has approached overbought zone. Break & sustenance below 7475 with
volumes could lead to a retest of 7100-6980 zone.
VIX
37.7:
VIX
in the past 1 Month has vertically moved up from 15 to 38 i.e almost a 110%
increase on account of the Election Event led uncertainty. Going forward, till
33 zone holds, it can move upto 40-42 zone. Below 33 would fall to lower levels
of 29-25.
On
the derivatives front,
•
FII’s for the past week have stayed net buyers in the cash market but seen
hedging their positions by turning sellers in derivatives markets while DII’s
have been Net sellers for the week gone by.
• On
a Weekly basis In Index Futures FIIs were Net Sellers to the tune of ` 577 Cr
with an open interest increase of around `2071 Cr which indicates Short Build
Up in Index Futures by FIIs.
•
Nifty PCR_OI has fallen to 0.79 compared to 0.91 week earlier.
•
NIFTY 6800-6700 PE highest OI 33 & 23 lakh shares each, implying PE writers
6780-6810, strong support; On other hand 7000-7200 CE total OI 53 & 48 lakh
shares; expected range coming week 6780-6990.
•
Nifty Futures have closed at a 29 points premium during the last week compared
to 32 points a week earlier.
Cumulative
FII Derivatives Stats from 25/04/2014 to 09/05/2014:
Index
Futures: -2685 Cr;
Index
Options: -1924 Cr;
Stock
Futures: -2253 Cr;
Stock
Options: +2 Cr
Cash
Market:
FII:
+3579 Cr;
DII:
-2472 Cr.
Cumulative
FII Derivatives Stats from 05/05/2014 to 09/05/2014:
Index
Futures: -577 Cr;
Index
Options: -4214 Cr;
Stock
Futures: -1238 Cr;
Stock
Options: -181 Cr
Cash
Market:
FII:
+2077 Cr;
DII:
-733 Cr. .
IT: Sector Weightage 16.62% in Nifty:
TCS (CMP 2160) - Weightage 5.25% in Nifty.
Stock has entered sell mode. Till 2210 zone is not crossed, expect a retest of support zone 2050. Upside upto 2290 if crosses & sustains
above 2210.
Infosys (CMP 3111) - Weightage 6.77% in Nifty.
Stock is in Buy mode & RSI, MACD & MFI is showing positive divergence at extremely oversold zone. Hence Stock should take support
around 3060 zone & if 3060 holds would further move upto 3200 zone. Below 3060, would retest 2920.
WIPRO (CMP 514) - Weightage 1.74% in Nifty.
Stock is in Buy mode. Hence Stock should take support around 500 zone & if 500 holds would further move upto 540 zone. Below 500,
would retest 470.
HCLTECH (CMP 1371) - Weightage 1.67% in Nifty.
Stock is in buy mode along with Stochastic & MACD showing positive divergence. Stock should take support around 1330-1340 zone & if
1330 holds would further move upto 1465 zone. Below 1330, would retest 1270.
TECH MAHINDRA (CMP 1776): Q4 Results on 14/05/2014.
Stock should take support around 1730-1740 zone & if 1730 holds would further move upto 1850 zone. Below 1730, would retest 1670.
HEXAWARE (CMP 139):
Stock has entered sell mode. Till 146 zone is not crossed, expect a retest of support zone 130. Upside upto 160 if crosses & sustains
above 146.
OFSS (CMP 2953):
Stock has entered sell mode. Till 3020 zone is not crossed, expect a retest of support zone 2858. Upside upto 3160 if crosses & sustains
above 3020.
Banking / Finance - Sector Weightage 26.46% in Nifty:
CMP 13,750. Last week. Bankex got support @ 12,800 zone & thus witnessed a massive upsurge upto 13750 zone.
Now Going Forward, till 13,300 zone holds, expect the index to witness a small upside upto 14,300-14,350 zone again. However, if it
breaks & sustains below 13,300 zone, 12,750-12,700 would be witnessed.
HDFCBANK (CMP 757) - Weightage 6% in Nifty
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 735-740 zone & if 735 holds would further move upto 790-800 zone. Below 735, would retest 700.
SBI (CMP 2173) - Weightage 2.42% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 2120-2125 zone & if 2120 holds would further move upto 2250-2270 zone. Below 2120, would retest 2050.
HDFC (CMP 884) - Weightage 5.81% in Nifty - Q4 Results on 06/05/2014 (Tuesday):
Stock is in buy zone & should take support around 860-865 zone & if 860 holds would further move upto 939 zone. Below 860, would
retest 810.
ICICI BANK (CMP 1378) - Weightage 6% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 1330-1335 zone & if 1330 holds would further move upto 1450 zone. Below 1330, would retest 1267.
Axis Bank (CMP 1630) - Weightage 2% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 1580-1585 zone & if 1580 holds would further move upto 1700 zone. Below 1580, would retest 1500.
Kotak Bank (CMP 851) - Weightage 1.3% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 820-825 zone & if 820 holds would further move upto 900 zone. Below 820, would retest 780.
Bank of Baroda (CMP 831) - Weightage 0.65% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 805-810 zone & if 805 holds would further move upto 860 zone. Below 805, would retest 770.
PNB (CMP 819) - Weightage 0.5% in Nifty. Q4 Results on 13/05/2014.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 795-800 zone & if 795 holds would further move upto 850 zone. Below 795, would retest 760.
IDFC (CMP 117) - Weightage 0.69% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 111-112 zone & if 111 holds would further move upto 130 zone. Below 111, would retest 100.
IndusInd Bank (CMP 513) - Weightage 0.95% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 488-490 zone & if 488 holds would further move upto 560 zone. Below 488, would retest 450.
L&T Finance (CMP 65):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 62-63 zone & if 62 holds would further move upto 70 zone. Below 62, would retest 55.
M&M Finance (CMP 246):
Stock is in buy mode & has formed a Inverse Head & Shoulder Pattern. Till support 235 holds, can further move upto 280. If does not
take support @ 235 & breaks it, Can retest 215 zone.
LIC Housing Fin (CMP 279):
Stock is in buy zone. Till support 265 holds, can further move upto 300. If does not take support @ 265 & breaks it, Can retest 247 zone.
PFC (CMP 201):
Stock is in Buy mode. Stock should take support around 194-196 zone & if 194 holds would further move upto 215 zone. Below 194,
would retest 180.
RELIANCE CAPTIAL (CMP 366):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 346-348 zone & if 346 holds would further move upto 405 zone. Below 346, would retest 325.
Shriram Transport Finance (CMP 771):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 745-750 zone & if 745 holds would further move upto 805 zone. Below 745, would retest 720.
ALBK (CMP 94):
Stock has entered sell mode & could face selling pressure on rises. Till 96-97 zone is not crossed, expect a retest of support zone
87. Upside upto 106 if crosses & sustains above 97.
ANDHRA BANK (CMP 65):
Stock is in buy mode & has formed a Inverse Head & Shoulder Pattern. Till support 61 holds, can further move upto 71-73. If does not
take support @ 61 & breaks it, Can retest 54 zone.
BANKINDIA (CMP 243): Q4 Results on 15/05/2014.
Stock has given a fresh break out with volumes & has formed an Inverse Head & Shoulder pattern. However since the rise on Friday
have been too swift & steep, Stock should take support around 230-235 zone & if 230 holds would further move upto 265 zone. Below
230, would retest 195.
CANARA BANK (CMP 286):
Stock has given a fresh break out with volumes & has formed an Inverse Head & Shoulder pattern. Stock should take support around
273 zone & if 273 holds would further move upto 320 zone. Below 273, would retest 257.
DENABANK (CMP 63):
Stock is in buy mode & should take support around 61 zone & if 61 holds would further move upto 68 zone. Below 61, would retest 52.
FEDERAL BANK (CMP 95):
Stock is in buy mode & should take support around 91 zone & if 91 holds would further move upto 108 zone. Below 91, would retest 80.
IDBI (CMP 69):
Stock is in buy mode & should take support around 66-66.5 zone & if 66 holds would further move upto 75 zone. Below 66, would retest
57.
IOB (CMP 60):
Stock is in buy mode & should take support around 57 zone & if 57 holds would further move upto 67 zone. Below 57, would retest 50.
KARNATAKA BANK (CMP 124): Q4 Results on 15/05/2014.
Stock is in buy mode & should take support around 118-119 zone & if 118 holds would further move upto 137 zone. Below 118, would
retest 104.
ORIENTAL BANK (CMP 266):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 250-255 zone & if 250 holds would further move upto 295 zone. Below 250, would retest 235.
SYNDICATE BANK (CMP 102):
Stock has entered sell mode & could face selling pressure on rises. Till 104-105 zone is not crossed, expect a retest of support zone 95.
Upside upto 116 if crosses & sustains above 105.
UCOBANK (CMP 79):
Stock is in Buy mode. Stock should take support around 75-76 zone & if 75 holds would further move upto 89 zone. Below 75, would
retest 67.
UNIONBANK (CMP 145):
Stock is in Buy mode. Stock should take support around 139-140 zone & if 139 holds would further move upto 162 zone. Below 139,
would retest 125.
YES BANK (CMP 485):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 466-468 zone & if 466 holds would further move upto 515 zone. Below 466, would retest 435.
IFCI (CMP 27):
Stock is in buy zone. Till support 25 holds, can further move upto 30. If does not take support @ 25 & breaks it, Can retest 21 zone.
OIL & GAS - Sector Weightage 12.3% in Nifty:
Reliance (CMP 998) - Weightage 6.93% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 975-980 zone & if 975 holds would further move upto 1035 zone. Below 975, would retest 940.
ONGC (CMP 348) - Weightage 3% in Nifty.
Stock is in Buy mode. Stock should take support around 336-338 zone & if 336 holds would further move upto 370 zone. Below 336,
would retest 310.
CAIRN (CMP 335) - Weightage 1 % in Nifty.
Though Stock is in sell mode, it is consolidating in a tight range. Stock should take support around 330-332 zone & if 330 holds would
further move upto 350 zone. Below 330, would retest 310.
GAIL (CMP 371) - Weightage 0.82% in Nifty.
Stock is witnessing consolidation in the past 7-8 sessions. Till support 361 holds, can further move upto 400. If does not take support @
371 & breaks it, Can retest 350 zone.
BPCL (CMP 486) - Weightage 0.56% in Nifty.
Stock is in buy zone & is showing MFI is showing positive divergence at lower levels & should take support around 465-467 zone & if 465
holds would further move upto 515 zone. Below 465, would retest 430.
HPCL (CMP 363):
Stock is in Buy mode. Stock should take support around 347-350 zone & if 347 holds would further move upto 385 zone. Below 347,
would retest 310.
IGL (CMP 288):
Stock is in Buy mode. Stock should take support around 277-280 zone & if 277 holds would further move upto 315 zone. Below 277,
would retest 245.
IOC (CMP 286):
Stock is in Buy mode. Stock should take support around 275 zone & if 275 holds would further move upto 315 zone. Below 275, would
retest 255.
PETRONET (CMP 144):
Though the stock is in sell mode, Stock should take support around 139 zone & if 139 holds would further move upto 160 zone. Below
139, would retest 125.
FMCG - Sector Weightage 12.35% in Nifty:
ITC (CMP 345) - Weightage 8.49% in Nifty.
Stock is in Buy mode. Stock should take support around 338 zone & if 338 holds would further move upto 365 zone. Below 338, would
retest 310.
HUL (CMP 556) - Weightage 2.76% in Nifty.
Though the stock is in sell mode, Stock should take support around 544 zone & if 544 holds would further move upto 590 zone. Below
544, would retest 520.
Asian Paints (CMP 521) - Weightage 1.1% in Nifty. Q4 Results on 14/05/2014.
Stock is in Buy mode. Stock should take support around 503-505 zone & if 503 holds would further move upto 565 zone. Below 503,
would retest 478.
BATA INDIA (CMP 1029):
Stock is in sell mode. Till 1055 zone is not crossed, expect a retest of support zone 980. Upside upto 1090 if crosses & sustains above
1055.
COLPAL (CMP 1418):
MACD is in buy zone. Till support 1380 holds, can further move upto 1530. If does not take support @ 1380 & breaks it, Can retest 1335
zone.
DABUR (CMP 180):
Stock is in buy zone. Till support 174 holds, can further move upto 190. If does not take support @ 174 & breaks it, Can retest 160 zone.
GODREJ IND (CMP 290):
Though the stock is in sell mode, Stock should take support around 280 zone & if 280 holds would further move upto 320 zone. Below
280, would retest 260.
MCDOWELL (CMP 2777):
Stock is in buy zone & has formed an Inverse Head & Shoulder Pattern & should take support around 2730 zone & if 2730 holds would
further move upto 2890 zone. Below 2730, would retest 2640.
MCLOED RUSSEL (CMP 275):
Stock is in buy zone. Till support 268 holds, can further move upto 300. If does not take support @ 268 & breaks it, Can retest 250 zone.
TATA GLOBAL (CMP 145):
Stock is in Buy zone. Till 140 holds, expect the stock to move up towards 170 zone. Below 140, stock would resume its downtrend
towards 130 zone.
TITAN (CMP 277):
Stock is in Buy zone. Till 268 holds, expect the stock to move up towards 298 zone. Below 268, stock would resume its downtrend
towards 244 zone.
AUTO - Sector Weightage 9% in Nifty:
Tata Motors (CMP 427) - Weightage 3.81% in Nifty.
Stock is in Buy mode & should take support around 410-417 zone & if 410 holds would further move upto 453 zone. Below 410, would
retest 383.
Bajaj Auto (CMP 1920) - Weightage 1.3% in Nifty. Q4 Results on 15/05/2014.
Stock is in Buy mode & should take support around 1870-1880 zone & if 1870 holds would further move upto 1970 zone. Below 1870,
would retest 1820.
Maruti (CMP 1975) - Weightage 1% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 1930-1940 zone & if 1930 holds would further move upto 2050 zone. Below 1930, would retest 1840.
M&M (CMP 1102) - Weightage 1.9% in Nifty.
Stock is in Buy mode & should take support around 1070-1075 zone & if 1070 holds would further move upto 1170 zone. Below 1070,
would retest 1000.
Hero Motors (CMP 2217) - Weightage 1% in Nifty.
Stock is in Buy mode & should take support around 2170-2180 zone & if 2170 holds would further move upto 2300 zone. Below 2170,
would retest 2070.
APOLLO TYRES (CMP 167):
Stock is in Buy mode & should take support around 160-163 zone & if 160 holds would further move upto 180 zone. Below 160, would
retest 140.
BHARAT FORGE (CMP 432):
Stock is in Buy mode & should take support around 418-420 zone & if 418 holds would further move upto 460 zone. Below 418, would
retest 390.
EXIDE (CMP 117):
Stock has entered sell mode along with RSI & Stochastic giving negative divergence from higher levels. Till 121 zone is not crossed,
expect a retest of support zone 110. Upside upto 130 if crosses & sustains above 121.
TATA MOTOR DVR (CMP 230):
Stock is in Buy Zone & is in uptrend. Till 220 holds, it could move up upto 258. Below 220, could fall upto 211.
PHARMA - Sector Weightage 5.25% in Nifty:
Sun Pharma (CMP 624) - Weightage 2% in Nifty.
Stock is in sell mode. Till 635-639 zone is not crossed, expect a retest of support zone 600. Upside upto 665 if crosses & sustains above
639.
Lupin (CMP 966) - Weightage 1% in Nifty.
Stock is in sell mode. Till 986-990 zone is not crossed, expect a retest of support zone 920. Upside upto 1025 if crosses & sustains above
990.
Dr Reddy (CMP 2718) - Weightage 1.42% in Nifty: Q4 Results on 13/05/2014.
Stock is in sell mode. Till 2760 zone is not crossed, expect a retest of support zone 2630. Upside upto 2840 if crosses & sustains above
2760.
Cipla (CMP 392) - Weightage 0.86% in Nifty.
Stock is in Buy mode & should take support around 380 zone & if 380 holds would further move upto 425 zone. Below 380, would retest
360.
Ranbaxy (CMP 463):
Stock has entered sell mode along with RSI, MACD & MFI giving negative divergence from higher levels. Till 479 zone is not crossed,
expect a retest of support zone 440. Upside upto 516 if crosses & sustains above 479.
AUROBINDO PHARMA (CMP 586):
Stock has entered sell mode along with RSI, MACD & MFI giving negative divergence from higher levels. Till 605 zone is not crossed,
expect a retest of support zone 553. Upside upto 636 if crosses & sustains above 605.
BIOCON (CMP 471):
Stock is in sell mode. Till 486-490 zone is not crossed, expect a retest of support zone 440. Upside upto 525 if crosses & sustains above
490.
DIVIS LAB (CMP 1338):
Stock is in sell mode. Till 1368-1370 zone is not crossed, expect a retest of support zone 1270. Upside upto 1425 if crosses & sustains
above 1370.
GLENMARK (CMP 580):
Stock has entered sell mode along with RSI, MACD & MFI giving negative divergence from higher levels. Till 605 zone is not crossed,
expect a retest of support zone 553. Upside upto 636 if crosses & sustains above 605.
METALS - Sector Weightage 2.37% in Nifty:
SSLT (CMP 183) - Weightage 0.3% in Nifty.
Though the stock is in sell mode, Stock should take support around 177 zone & if 177 holds would further move upto 200 zone. Below
177, would retest 160.
NMDC (CMP 150) - Weightage 0.47% in Nifty.
Stock is in Buy zone. Till 147 holds, expect the stock to move up towards 163 zone. Below 147, stock would resume its downtrend
towards 136 zone.
Tata Steel (CMP 417) - Weightage 1% in Nifty. Q4 Results on 14/05/2014.
Stock is in Buy zone. Till 399 holds, expect the stock to move up towards 443 zone. Below 399, stock would resume its downtrend
towards 368 zone.
Jindal Steel (CMP 245) - Weightage 0.50% in Nifty.
Stock is in Buy zone. Till 237 holds, expect the stock to move up towards 256 zone. Below 237, stock would resume its downtrend
towards 218 zone.
HINDALCO (CMP 144) – Weightage 0.8% in Nifty.
Stock is in Buy zone. Till 137 holds, expect the stock to move up towards 163 zone. Below 137, stock would resume its downtrend
towards 126 zone.
HINDZINC (CMP 123):
Stock has entered sell mode. Till 128 zone is not crossed, expect a retest of support zone 115. Upside upto 138 if crosses & sustains
above 128.
JSWSTEEL (CMP 1132):
Stock is in Buy zone & has formed an Inverse Head & Shoulder Pattern. Till 1098 holds, expect the stock to move up towards 1170 zone.
Below 1098, stock would resume its downtrend towards 1050 zone.
SAIL (CMP 70):
Though the stock is in sell mode, Stock should take support around 67 zone & if 67 holds would further move upto 80 zone. Below 67,
would retest 58.
POWER - Sector Weightage 2.60% in Nifty:
NTPC (CMP 118) - Weightage 1.08% in Nifty. Q4 Results on 15/05/2014.
Stock is in Buy zone. Till 113 holds, expect the stock to move up towards 127 zone. Below 113, stock would resume its downtrend
towards 102 zone.
Power Grid (CMP 107) - Weightage 0.84% in Nifty.
Stock is in Buy zone. Till 103 holds, expect the stock to move up towards 115 zone. Below 103, stock would resume its downtrend
towards 90 zone.
Tata Power (CMP 81) - Weightage 0.7% in Nifty.
Though the stock is in sell mode, Stock should take support around 77 zone & if 77 holds would further move upto 90 zone. Below 77,
would retest 69.
CESC (CMP 508):
Stock is in Buy zone. Till 490 holds, expect the stock to move up towards 546 zone. Below 490, stock would resume its downtrend
towards 460 zone.
PTC (CMP 67):
Though the stock is in sell mode, Stock should take support around 65 zone & if 65 holds would further move upto 75 zone. Below 65,
would retest 58.
REC (CMP 249):
Stock is in Buy zone. Till 241 holds, expect the stock to move up towards 270 zone. Below 241, stock would resume its downtrend
towards 220 zone.
REL INFRA (CMP 544):
Stock has given a fresh break out with volumes. Stock should take support around 520-525 zone & if 520 holds would further move
upto 575 zone. Below 520, would retest 490.
RPOWER (CMP 70):
Though the stock is in sell mode, Stock should take support around 67 zone & if 67 holds would further move upto 78 zone. Below 67,
would retest 58.
ADANI POWER (CMP 49): Q4 Results on 15/05/2014.
Stock is in Buy zone. Till 47 holds, expect the stock to move up towards 56 zone. Below 47, stock would resume its downtrend towards
40 zone.
JSWENERGY (CMP 56):
Stock is in Buy zone. Till 53 holds, expect the stock to move up towards 62 zone. Below 53, stock would resume its downtrend towards
45 zone.
CAPITAL GOODS - Sector Weightage 5.30% in Nifty:
LT (CMP 1343) – Weightage 4.57% in Nifty.
Though the stock is in sell mode, Stock should take support around 1300-1310 zone & if 1300 holds would further move upto 1392
zone. Below 1300, would retest 1258.
BHEL (CMP 194) - Weightage 0.73% in Nifty.
Though the stock is in sell mode, Stock should take support around 174 zone & if 174 holds would further move upto 192 zone. Below
174, would retest 158.
CROMPTON GREAVES (CMP 175):
Though the stock is in sell mode, Stock should take support around 167-168 zone & if 167 holds would further move upto 192 zone.
Below 167, would retest 154.
SIEMENS (CMP 719):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 690-695 zone & if 690 holds would further move upto 755 zone. Below 690, would retest 665.
VOLTAS (CMP 165):
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 158-160 zone & if 158 holds would further move upto 185 zone. Below 158, would retest 145.
TELECOM - Sector Weightage 1.62% in Nifty:
Bharti Airtel (CMP 309) – Weightage 1.62% in Nifty.
Stock has entered sell mode. Till 317-319 zone is not crossed, expect a retest of support zone 290. Upside upto 345 if crosses & sustains
above 319.
IDEA (CMP 136):
Though the stock is in sell mode, Stock should take support around 131-132 zone & if 131 holds would further move upto 144 zone.
Below 131, would retest 120.
RCOM (CMP 118):
Though the stock is in sell mode, Stock should take support around 112-113 zone & if 112 holds would further move upto 134 zone.
Below 112, would retest 100.
TATA COMMUNICATIONS (CMP 274): Q4 Results on 13/05/2014.
Stock is in Buy Mode and should take support around 260-262 zone. Till support 260 holds, can further move upto 300. If does not take
support @ 260 & breaks it, Can retest 240 zone.
CEMENT - Sector Weightage 2.94% in Nifty:
Ultra Tech (CMP 2079) - Weightage 1% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 2010-2020 zone & if 2010 holds would further move upto 2170 zone. Below 2010, would retest 1930.
Ambuja Cement (CMP 207) - Weightage 0.66% in Nifty.
Though the stock is in sell mode, Stock should take support around 198 zone & if 198 holds would further move upto 222 zone. Below
198, would retest 183.
Grasim (CMP 2722) - Weightage 0.78% in Nifty.
Though the stock is in sell mode, Stock should take support around 2665-2675 zone & if 2565 holds would further move upto 2800
zone. Below 2565, would retest 2500.
ACC (CMP 1341) - Weightage 0.50% in Nifty.
Stock has given a fresh break out with volumes. However since the rise on Friday have been too swift & steep, Stock should take support
around 1295-1310 zone & if 1295 holds would further move upto 1420 zone. Below 1295, would retest 1200.
JP Associates (CMP 56) –
Though the stock is in sell mode, Stock should take support around 52 zone & if 52 holds would further move upto 61 zone. Below 52,
would retest 43.
CENTURY TEXTILES (CMP 393):
Stock is in Buy Mode and should take support around 375-380 zone. Till support 375 holds, can further move upto 430. If does not take
support @ 375 & breaks it, Can retest 340 zone.
INDIA CEMENTS (CMP 71):
Though the stock is in sell mode, Stock should take support around 66-67 zone & if 66 holds would further move upto 81 zone. Below
66, would retest 57.
REAL ESTATE - Sector Weightage 0.33% in Nifty:
DLF (CMP 145) - Weightage 0.33% in Nifty.
Though the stock is in sell mode, Stock should take support around 138-140 zone & if 138 holds would further move upto 156 zone.
Below 138, would retest 124.
HDIL (CMP 78):
Though the stock is in sell mode, Stock should take support around 72-73 zone & if 72 holds would further move upto 94 zone. Below
72, would retest 60.
IBREAL EST (CMP 64):
Stock would take support around 60-60.50 zone & if 63 holds would further move upto 70 zone where this current rally could terminate.
Below 60, would retest 55.
UNITECH (CMP 16):
Stock would take support around 15 zone & if 15 holds would further move upto 20 zone where this current rally could terminate.
Below 15, would retest 13.2.
Others – 0.70%:
COAL INDIA (CMP 308) - Weightage 0.70% in Nifty.
MACD is in Buy Zone. If 295 holds, Stock could move upto 334 where it will face big resistance. Below 295, Tgt 268.
ADANI ENT (CMP 432): Q4 Results on 17/05/2014.
Stock would once take support around 416 zone & if 416 holds would further move upto 460 zone where this current rally could
terminate. Below 416, would retest 380.
ADANI PORTS (CMP 193):
Stock would once take support around 192-195 zone & if 192 holds would further move upto 230 zone where this current rally could
terminate. Below 192, would retest 178.
HAVELLS (CMP 929):
Stock would once take support around 900-910 zone & if 900 holds would further move upto 980 zone where this current rally could
terminate. Below 900, would retest 868.
JUST DIAL (CMP 1102): Q4 Results on 13/05/2014.
Stock has entered sell mode. Till 1142 zone is not crossed, expect a retest of support zone 934. Upside upto 1200 if crosses & sustains
above 1142.
JAIN IRRIGATION (CMP 86):
Stock would once take support around 82-83 zone & if 82 holds would further move upto 96 zone where this current rally could
terminate. Below 82, would retest 76.
JUBILANT FOODS (CMP 986):
Though the stock is in sell mode, Stock should take support around 950 zone with MFI showing positive divergence & if 950 holds would
further move upto 1040 zone. Below 950, would retest 870.
IRB (CMP 132):
Stock would once take support around 124-125 zone & if 124 holds would further move upto 145 zone where this current rally could
terminate. Below 124, would retest 113.
GMR INFRA (CMP 26):
Stock is in Buy Zone & is firmly trading above all its major DMA. If 24 holds, Stock could move upto 30 where it will face big resistance.
Below 24, Tgt 21.
TEXTILES:
ARVIND (CMP 192):
Stock has entered sell mode along with RSI giving negative divergence from higher levels. Till 199 zone is not crossed, expect a retest of
support zone 179 & then could bounce back. Upside upto 213 if crosses & sustains above 199.
ABNUVO (CMP 1109):
Stock is in Buy Zone & stock is firmly trading above its 200 DMA along with MFI showing positive divergence & stock forming an Inverse
Head & Shoulder pattern. If 1075 holds, Stock could move upto 1192 where it will face big resistance. Below 1075, Tgt 1010.
FERTILIZERS:
TATA CHEM (CMP 291):
Stock would once take support around 280-283 zone & if 280 holds would further move upto 310 zone where this current rally could
terminate. Below 280, would retest 258.
UPL (CMP 276):
Stock is in Buy Zone & stock is firmly trading above its major DMA's. If 266 hold, Stock could move upto 310 where it will face big
resistance. Below 266, Tgt 240.
MEDIA:
Sector has seen a drop in rolls below 6mth avg. rolls at 76% (M-o-M drop 78%), in line with market wide (with cost decline implying
selling pressure higher levels) with Zee as Outperformer.
DISH TV (CMP 45):
Though Stock is in sell mode, it is finding support at lower levels. Till 43 holds, expect the stock to move up towards 53 zone. Below 43,
stock would resume its downtrend towards 35 zone.
SUNTV (CMP 363):
Though Stock is in sell mode, it is finding support at lower levels. Till 355 holds, expect the stock to move up towards 400 zone. Below
355, stock would resume its downtrend towards 330 zone.
ZEE LTD (CMP 263):
Stock is in Buy mode along with RSI showing positive divergence at lower levels. Till 256 holds, expect the stock to move up towards 282
zone. Below 256, stock would resume its downtrend towards 230 zone.
