A Rally Above 8980 Could Easily Take Nifty To Life Time New Highs
Market Outlook 14 Mar 2017
Markets Ready For Big Move; A Rally Above 8980 Could Easily Take Nifty To Life Time New Highs; Buy On Dips And Avoid Short Selling; Existing Long Positions Should Be Protected With Tight Stop Loss.
NIFTY: The nifty opened with a gap up, took a 20 point rally but failed to keep its momentum, then cooled off. These are signs of a choppy market, which never gives any fruit in any kind of trading. We are on the eve of the big event for which we were waiting – “election outcome”. We can assume a big move on Tuesday (as Monday will be a holiday on account of ‘HOLI’), but we cannot predict exactly where the market will move. It is sensible to hold your long positions if someone have any. It would be a fourth attempt to cross the 8980 level and if Nifty successfully manages to break 8860‐8980 on the upside then we may see new lifetime highs in very short time of span. However, this is just a scenario, first wait for a breakout; do not try to enter the market on Tuesday. Do not trade in volatile conditions. New opportunity will surely come but Markets need your patience. For the time being sit back and enjoy the “festival of colours – HOLI.” Option Trade in NIFTY We had bought 8900 Call Options March Expiry at the price of 160 in Wednesday’s trading session. We will wait patiently for markets to react to the poll results, and then decide on managing these calls. Till then hold on. BANK NIFTY: After opening with a gap up, Bank Nifty traded downside until last hour rally which pulled prices higher. In between index recorded intraday high and low at 20876.95 and 20648.80 respectively. Eventually, index managed to close above the yesterday close with a gain of 30 points at 20760.90 On the daily charts, Bank Nifty is still moving inside a trading range (20400 – 21100). Moreover, that range gets narrower as index hovering inside 20500 – 20900 from last five trading sessions (known as contraction). This may signal an expansion in the Bank Nifty very soon. Therefore traders should prepare to take a trade beyond the above mentioned trading range; Buy if Bank Nifty breaks above 20950; OR; Sell if a price breaks below 20450. If index opens beyond this range then apply the 15 min rule. Take one trade only whichever executes first and stop in either case would come at 20700.
|BATAINDIA||508||BUY||Intermediate and short term trend is up in EXIDEIND. The stock has seen an upside rally and then started consolidating. Prices are trading range bound from last 1 month and now at the verge of breakout. Buy this stock above 509. If this trade executes then place your stop just below 503 and a target near 521.|
|EXIDEIND||214||BUY||Intermediate and short term trend is up in EXIDEIND. The stock has seen an upside rally and then started consolidating. Prices are trading range bound from last 1 month and now at the verge of breakout. Buy this stock above 215. If this trade executes then place your stop just below 213 and a target near 219.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HDFC LTD||MAR FUT||BUY||1380.4||CMP||1360||1420||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|JINDALSTEL.17.03 Mar||126.05||6.28||16.49||41130000||TECHM.17.03 Mar||478.25||-2.73||1.32||10529200|
|OIL.17.03 Mar||336.3||3.25||11.3||2678412||TATAGLOBAL.17.03 Mar||137.85||-2.55||0.86||31261500|
|BATAINDIA.17.03 Mar||510.65||2.55||3.12||2867700||PETRONET.17.03 Mar||380.25||-2.49||2.21||5956500|
|JUBLFOOD.17.03 Mar||1077.2||1.86||1.72||2075000||HINDZINC.17.03 Mar||285.2||-2.21||6.81||10243200|
|DCBBANK.17.03 Mar||160.15||1.59||12.44||4351500||CESC.17.03 Mar||798.45||-2.13||0.79||3779600|
|Short covering||Long Unwinding|
|GODREJIND.17.03 Mar||2.65||-3.8||1291500||493.8||L&TFH.17.03 Mar||118.05||-1.25||-5.66||20394000|
|ICIL.17.03 Mar||2.6||-0.31||3395000||175.5||HEXAWARE.17.03 Mar||218.95||-1.22||-4.39||4050000|
|BOSCHLTD.17.03 Mar||2.51||-7.02||84800||22727.1||GRASIM.17.03 Mar||1003.05||-1.05||-0.71||6313500|
|BRITANNIA.17.03 Mar||1.63||-0.24||1353800||3137.7||ABIRLANUVO.17.03 Mar||1460.45||-0.9||-2.6||2380000|
|CONCOR.17.03 Mar||1.51||-2.4||1259000||1240.65||NTPC.17.03 Mar||157.4||-0.82||-1.23||30932000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Vol||Delivery||Del %||% Change|
|Dabur India Ltd.||273.4||-0.56||1229415||920468||87.38||Nifty 50||8934.55||0.08||19371034|
|SHRIRAM TRANS FIN CO. LT||959.35||-0.17||408745||1084275||82.46||Nifty Bank||20727.55||0.03||8338998|
|IndusInd Bank Ltd.||1335.75||0.71||1614891||1138874||78.72||Nifty IT||10749.85||0.23||807752|
|Power Grid Corporation o||192.55||-0.98||9218511||4248168||77.24||INDIA VIX||13.96||-2.99||1.22E+08|
|Kirloskar Cummins Ltd.||855.5||-0.46||239359||122375||75.98||Nifty Pharma||10468.35||-0.29||16520032|
|Tata Power Co. Ltd.||81.95||-0.3||1925931||3765004||75.78||Nifty Realty||198.25||-0.08||8.7E+08|
|HDFC Ltd.||1373.8||0.17||1607599||1664944||75.5||Nifty Infrastructure||2987.35||0.25||57957355|
|Lupin Limited||1447.1||-0.44||369219||524756||74.63||Nifty Metal||3034.65||-0.59||56786960|
|NTPC Limited||157.1||-0.76||2418661||3463665||74.22||Nifty Commodities||3365.25||-0.32||9690776|
UPCOMING ECONOMIC DATA
|•WPI Data on (Feb) YoY on 14th March , 2017.
•CPI Data on (Feb) YoY on 14th March , 2017. (Tentative)
|•Existing Home Sales (Feb) on 22nd March, 2017.
|•IndusInd Bank is in talks with multiple entities for business expansion, including the widely speculated merger of Bharat Financial Inclusion (BFI).
•Oil India Limited (OIL) has signed an MoU with the University of Houston in a bid to augment its reserves base and maximise recovery from its ageing oilfields.
•Tata Power Delhi Distribution Ltd is planning to install 1,000 electric vehicle charging stations in next four to five years in Delhi.
•Mahindra & Mahindra has divested 7.5 percent stake in the group hospitality arm Mahindra Holidays & Resorts India Ltd (MHRIL) for around Rs 274.36 crore.
•A2Z Infra Engineering has won three contracts worth over Rs 222 crore from Chhattisgarh State Power Distribution Company Ltd.
Source: Economic Times, Business Standard
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|BANKBARODA||Board Meeting Postponed||14-Mar-17||SUNCLAYLTD||Dividend||15-Mar-17|
|UPERGANGES||Meeting Updates||14-Mar-17||SGFL||Board Meeting Adjourned||15-Mar-17|
|OUDHSUG||Others||14-Mar-17||SBIN||Raising of Funds||15-Mar-17|
|ORBITCORP||Others||14-Mar-17||KALPATPOWR||Raising of Funds||15-Mar-17|
|NET4||Board Meeting Adjourned||14-Mar-17||ENGINERSIN||Dividend||16-Mar-17|
|FAIRCHEM||Board meeting Rescheduled||14-Mar-17||ABMINTLTD||Bonus||17-Mar-17|
|BEARDSELL||Stock split||15-Mar-17||SURANAT&P||Issue of Securities||17-Mar-17|
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|COALINDIA||Interim Dividend – Rs. – 18.7500||14-Mar-17||AMBUJACEM||Final Dividend – Rs. – 1.2000||16-Mar-17|
|DICIND||Dividend – Rs. – 4.0000||14-Mar-17||BEL||Stock Split From Rs.10/- to Rs.1/-||16-Mar-17|
|EMAMILTD||Interim Dividend – Rs. – 1.7500||14-Mar-17||CADILAHC||Interim Dividend – Rs. – 3.2000||16-Mar-17|
|GEOMETRIC||Amalgamation||14-Mar-17||HEROMOTOCO||Interim Dividend – Rs. – 55.0000||16-Mar-17|
|GEOMETRIC||Spin Off||14-Mar-17||KUSHAL||Bonus issue 1:1||16-Mar-17|
|TVSMOTOR||Interim Dividend – Rs. – 1.2500||14-Mar-17||MYSOREBANK||Amalgamation||16-Mar-17|
|KPEL||Bonus issue 1.501||15-Mar-17||NMDC||Interim Dividend – Rs. – 4.1500||16-Mar-17|
|VGUARD||Bonus issue 2:5||15-Mar-17||SBBJ||Amalgamation||16-Mar-17|
|ACC||Dividend – Rs. – 6.0000||16-Mar-17||SBT||Amalgamation||16-Mar-17|
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