Intraday Nifty Updates & Tips for Today 01 April 2013

The Nifty on the short term indicators front has been in the deeply oversold regions and it being F&O expiry on Thursday and the last trading day of this financial year we saw a short covering rally. We are at a point where we could see an unexpected rally of a further 100 to 150 points in the run up to the results season, which is why I have initiated long positions on the Nifty with a stop loss at 5,600; dips could be bought into for targets of 5,780-5,800.

Technically, Nifty spot has completed a falling wedge formation on hourly chart and is in a short term up move. This is a pullback from oversold levels and could continue this week. The upmove is expected to hit the upper resistance of (Nifty Spot) 5,770 & 5,850 levels this week.

The Sensex has supports at 18,760 and 18,610 and resistances at 18,890 and 18,950. The Nifty spot has supports at 5,655 and 5,625 and resistances at 5,720 and 5,755.

Auto, cement stocks will be in focus on monthly sales data

Markit Economics will unveil the result of a monthly survey on the performance of India's services sector for March 2013 on Wednesday, 3 April 2013. The HSBC services Purchasing Managers' Index, based on a survey of around 400 companies, fell to 54.2 in February from a one-year high of 57.5 in January. Services make up over 60% of India's economy.

Auto and cement stocks will be in focus as companies from these two sectors start unveiling monthly sales volume data for March 2013 from Monday, 1 April 2013. IndusInd Bank and NMDC become a part of the 50-unit CNX Nifty index with effect from Monday, 1 April 2013. These two stocks replace Siemens and Wipro in Nifty.

Upside on the domestic bourses may be capped due to increase in supply of equity in the market over the next few months. Reduction of promoter stake to meet the Securities & Exchange Board of India (Sebi) mandated minimum public shareholding of 25% for private companies and 10% for state-run firms will result in supply of equity in the market over the next few months. As per the Sebi mandated minimum public shareholding rule, private-sector companies must cut founders' stake to adhere to the rules by 30 June 2013, while the deadline for state-run firms is 31 August 2013. PSU divestment will also add to share sale glut in FY 2014. The government has set a target of Rs 40000 crore from divestment of government stake in state-run firms and Rs 14000 crore from divestment of stake in non-government companies for FY 2014.

NIFTY UPDATES ~ Intraday Market Tips for Today 28 March 2013

The Nifty had a day of consolidation and is holding on above 5,600. We are deeply oversold and could see a small up move towards 5,680-5,700 in the next session or two. It also is  F&O expiry hence there could be a bit more of short covering. If one want to go long make sure you have a strict stop loss at 5,600-5,610 zones as if the Nifty breaks below these levels then we might move considerable lower as it a break of a major neckline on a weekly timeframe for the Nifty, hence trade light on the long side.

Technically, Nifty is finding strong support @5620 on weekly charts, below 5620 closing nifty may extend its down ward move till 5,490-5,355 levels. If Nifty maintain above 5,680 then we can expect a strong pull back rally till 5,880-5,950 in very short term, though market is now entering in an expiry week which is truncated by two holidays in between, so volatility might be higher on the browser. Nifty may find resistance at 5,660-5,779-5,703 and supports at 5,617-5593-5,574 for the day.

Intraday NIFTY Updates and Tips Today 26 march 2013

ECONOMY ANALYSIS:

1. Insecticides India to raise prices by average 5% soon
2. See FY14 GDP growth at 5.5-6%, avoid PSU banks: JPMorgan
3. epsiCo is exclusive beverage partner for 8 IPL teams 
4. Govt had no role in CBI action against Stalin: PM
5. L&T buys 50% stake in Future Group's Insurance biz: Sources

MARKET ANALYSIS:

1. The BSE benchmark Sensex today closed 54 points down at fresh fourmonth low of 18,681 points as investors booked profit mainly in capital goods, auto and metal stocks ahead of monthly expiry of derivatives contract.
2. Erasing initial gains, the 30-stock index fell for the seventh straight session by losing 54.18 points, or 0.29 per cent to 18,681.42, its lowest level since November 26, 2012. The gauge rose to 18,950.22 at the outset. In the last six sessions, the Sensex had lost over 835 points.
3. Similarly, the National Stock Exchange index lost 17.50 points, or 0.31 per cent, to 5,633.85, after touching the day's high of 5,718.40
4. In 30-BSE index components, 20 stocks declined led by Larsen and ToubroBSE -2.19 %, State Bank of IndiaBSE -1.22 %, ICICI BankBSE -1.50 %, Hero MotoCorpBSE -2.42 %, InfosysBSE -0.25 %, Reliance IndustriesBSE -0.14 %, Bharti AirtelBSE -1.95 %, GAIL IndiaBSE -1.94 % and CiplaBSE -0.46 %. 

Weekly Equity (NIFTY & BANK NIFTY) Report 25 March 2013

NEWS INSIGHT:

• Mid-cap stocks see up to 90% value erosion
• Srikrishna panel submits report on new India financial code
• RBI warns banks of violating priority sector lending norms
• Diesel prices hiked by 45 paise/litre from today
• SAIL OFS sails through; but FY14 divestment aim looks tough

NIFTY ANALYSIS:

• Positional Support for NIFTY 5607 and positional Resistance for NIFTY is 5819 5824 5832 5875 5887 5921 5926 5929 .
• Intraday Resistance of NIFTY are 5684.1/5711.2/5751.7/5771.7/5809.8/5848.1
• Intraday Support of NIFTY are 5618.6/5591.5/5545.8/5508.6/5471.5
• Oscillator Analysis The oscillator is showing SELL signal
• Short Term Oscillator Analysis- NIFTY in oversold region.

NIFTY WEEKLY PIVOTS

INDEX       S1        S2           PP            R1            R2

NIFTY 5583 5498 5726 5811       5954

BANK NIFTY WEEKLY PIVOTS

INDEX S1 S2 PP R1 R2

BANK NIFTY 10999 10761 11439 11677 12117

NIFTY UPDATES ~ Intraday Share Tips For Monday 25 March 2013

ECONOMY ANALYSIS:

• Govt approves 12 FDI proposals of over Rs 2,609 cr
• RBI to cut rates in June by 25bps: BofA
• Harried by SEBI, Sahara's Subrata Roy stands defiant
• Govt had no role in CBI action against Stalin: PM
• UB Holdings hits new 52-week low, locks at 5% lower circuit

MARKET ANALYSIS:

• The S&P BSE Sensex extended losses for sixth straight session and hit a fresh low of 2013 on the back of weak cues from European peers on Friday. The 50-share Nifty index closed a point above its crucial support level of 5650. 
• The 50-share index ended at 5,651.35, down 7.40 points or 0.13 per cent. It touched a high of 5,691.45 and a low of 5,631.80 in trade today. 
• For the week, the Nifty Index slipped 3.9 per cent, while Sensex closed 3.6 per cent lower. 
• The BSE Midcap Index was down 0.23 per cent and the BSE Smallcap Index dropped 0.91 per cent. 
• Among the sectoral indices, the BSE Consumer Durable index dropped 2.4 per cent, followed by the BSE Realty Index which moved 0.98 per cent lower. The BSE Oil & Gas Index was down 0.5 per cent, the BSE IT Index dropped 0.89 per cent and the BSE Oil & Gas Index closed 0.5 per cent lower. 

Intraday NIFTY Updates & Tips Today 22 March 2013

Technically, Nifty spot has landed on important support of 5,650 mark and a pullback rally could be possible if global cues help. Market looks oversold and expected to trade within a range of 5,650 and 5,800 mark till expiry. But since the trend is weak, the sentiments could deteriorate further if Nifty spot breach 5,650 level. A breach of 5,650 level will unfold next positional target of 5,550 & 5,440 levels.

The Sensex has supports at 18,660 and 18,580 and resistances at 18,890 and 19020. The Nifty spot has supports at 5,620 and 5,590 and resistances at 5,700 and 5,740.

NIFTY OUTLOOK ~ Intraday Share Tips for Tomorrow 22 March 2013

ECONOMY ANALYSIS:

• Sebi allows FIIs to use govt, corporate bonds as collateral
• Adani Power, Adani Ent fall for 5th consecutive day
• Manappuram Q4 loss seen Rs 50 cr on Rs 250 cr loan default 
• Govt had no role in CBI action against Stalin: PM
• M&M dips 1% on planned production shut down in Jaipur plant

MARKET ANALYSIS:

• In highly volatile trade, the BSE benchmark Sensex today pared over 200-point gain to close the day 91 points down at nearly four-month low levels on emergence of fag-end selling amid new political developments and weak global cues. 
• Falling for the fifth straight day, the Sensex fell by 91.32 points, or 0.48 per cent, to 18,792.87, its lowest level since November 26, 2012. The index had lost 686 points in last four sessions. 
• The broad-based National Stock Exchange index Nifty fell by 35.65 points, or 0.63 per cent, to 5,658.75 led by stocks of realty, power and capital goods. 
• In 30-BSE index components, 19 stocks declined led by Bajaj Auto, BHEL, Cipla, Dr Ready, HDFC Bank, Larsen and Toubro, Tata Motors, Maruti Suzuki, Reliance Industries, Tata Power and Tata Steel.