Nifty opened with a flat note and traded in a narrow range between( 8710-8750)
MARKET OUTLOOK – 06 Feb, 2017
Nifty opened with a flat note and traded in a narrow range between( 8710-8750) mostly on the lower side, before ending the session on a positive note. The index edged 6.70 points higher to end the day at 8,740. Among the specific sectors, banking, infrastructure, IT, petrochemicals emerged top gainers, while steel sector were witness of profit booking.
We now have a swing trade in the Nifty. We are buyers above 8758 (Nifty Cash). Our stop will be 8684. Our risk is 76 points. If this breakout is genuine, we could slowly see the Nifty try to touch 9000. (also, remember, the markets can do anything. They can also COME DOWN!)
TOMORROW: FOR INTRADAY TRADERS
There is a bullish bias on Monday. Consider buying Nifty as well as bank Nifty for intra day on dips and consolidation.
Our view has been that the Bank Nifty could outperform in the next few days. This seems to be working out.
While the Bank Nifty has been maintaining its momentum, the Nifty has gone into a contraction. A breakout in the Nifty should enable the banks to move higher.
We feel there is an opportunity to buy the Bank Nifty on Monday, for a quick, swing trade.
Consider buying the Bank Nifty on Monday, above 20200. Your stop is 20005. Please follow the 15 minute rule to buy. Wait till 9.30 AM. Then buy above the high of the first 15 minutes. This high should be 20200 or higher. If the high is not crossed, then you wait. Once you are long, your stop is still 20005.
Monday is a good day to trade the Bank Nifty intra day also. Look for intra day consolidations or dips for a buying opportunity.
Traders must remember that the suggestions for Monday are based on chart patterns visible on Friday evening. Much can happen over the weekend. If conditions remain normal, Monday is a buy day.
Intermediate trend is up in BIOCON. The stock has seen an upside channel and making higher high. We may see a big move here from current level. Buy this stock above 1060. If this trade executes then place your stop just below 1030 and a target near 1120.
Intermediate and short term trend is up in COALINDIA. The stock has seen a trading range breakout. We may see prices higher from current level. Look for the long side in this stock. Buy this stock above 327. If this trade executes then place your stop just below 320 and a target near 341.
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SIEMENS||FEB FUT||BUY||1192.95||ABOVE 1195||1180||1215-1230||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|GRANULES.17.02 Feb||128.65||10.38||18.58||10660000||VEDL.17.02 Feb||251.8||-3.34||0.46||40547500|
|STAR.17.02 Feb||1200.25||10.25||0.37||1910000||JETAIRWAYS.17.02 Feb||377.65||-2.28||15.26||5310000|
|UNIONBANK.17.02 Feb||161.4||9.57||1.78||17640000||BOSCHLTD.17.02 Feb||22478.75||-2.14||4.55||76475|
|RCOM.17.02 Feb||36.75||8.25||5.8||1.11E+08||TITAN.17.02 Feb||381.5||-2.13||0.04||6987000|
|TV18BRDCST.17.02 Feb||39.5||6.76||5.38||93840000||DABUR.17.02 Feb||269.45||-2||5.27||12777500|
|Short Covering||Long Unwinding|
|SUNTV.17.02 Feb||22.74||-7.51||8452000||678.7||CAIRN.17.02 Feb||276.85||-2.88||-0.63||23331000|
|JINDALSTEL.17.02 Feb||6.22||-6.94||44037000||91.4||IBREALEST.17.02 Feb||80.2||-1.66||-3.19||30670000|
|ANDHRABANK.17.02 Feb||5.68||-2.24||19640000||56.75||IRB.17.02 Feb||234.6||-1.37||-2.32||8542500|
|ORIENTBANK.17.02 Feb||4.54||-19.36||13620000||130.2||JSWSTEEL.17.02 Feb||191.95||-1.31||-1.52||50640000|
|RELCAPITAL.17.02 Feb||4.03||-3.34||11170500||492||JISLJALEQS.17.02 Feb||96.65||-1.23||-0.2||39780000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Vol||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||849.75||0.53||999913||1271859||78.62||Nifty 50||8740.95||0.08||30585672|
|HDFC Ltd.||1397.45||-0.27||2144208||1779225||76.16||Nifty Bank||20196.8||0.63||13254449|
|ASIAN PAINTS LIMITED||985.9||-0.31||465754||1030123||75.44||Nifty IT||10025.8||1.01||1047463|
|Power Grid Corporation o||201.7||-1.1||2519680||3260367||74.56||INDIA VIX||13.13||-2.88||2E+08|
|BHARTI INFRATEL LIMITED||299.85||2.51||7370171||5686782||73.81||Nifty Pharma||10555||1.47||25366098|
|Britannia Ind Ltd.||3230.85||0||135664||165209||71.55||Nifty Realty||190.4||0.87||1.4E+09|
|Dabur India Ltd.||268.2||-2.06||2088875||1082640||70.88||Nifty Infrastructure||2989.25||0.36||89448491|
|Reliance Industries Ltd||1033.65||-0.94||3021751||1469840||70.67||Nifty Auto||9975.1||-0.83||26686727|
|IndusInd Bank Ltd.||1303.2||1.5||1485304||1102671||66.26||Nifty Metal||3128.7||-0.6||85062635|
|Page Industries Limited||14237.8||-0.31||6015||5739||66.09||Nifty Commodities||3381.35||-0.22||8812637|
UPCOMING ECONOMIC DATA
|•RBI Monetary Policy on 08th Feb, 2017
•CPI Data on 13th Feb, 2017
•WPI Data on 14th Feb, 2017
|•US Crude Oil Inventories on 8th Feb, 2017|
•Lupin has received final approval from the US health regulator to market its generic version of Mylan’s triamcinolone acetonide cream used for treatment of skin disease.
•Pricol has inaugurated a new factory on the outskirts of Pune. The company expects the new facility in Phulgaon, which is spread over 6.58 acres to bring in Rs 200 crore of incremental business in the next couple of years.
• HDFC Bank has decided to steeply increase the fees for savings account holders on a slew of activities involving cash
Source: Economic Times, Business Standard
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|CHOLAINV||Interim Dividend – Rs. – 3.5000||6-Feb-17||IMPAL||Interim Dividend – Rs. – 5.0000||7-Feb-17|
|GODREJCP||Interim Dividend – Rs. – 1.0000||6-Feb-17||INDNIPPON||Interim Dividend – Rs. – 4.0000||7-Feb-17|
|SHREECEM||Special Dividend – Rs. – 100.0000||6-Feb-17||KKCL||Interim Dividend – Rs. – 8.5000||7-Feb-17|
|ADVANIHOTR||Interim Dividend – Rs. – 0.4000||7-Feb-17||ONGC||Interim Dividend – Rs. – 2.2500||7-Feb-17|
|DAAWAT||Stock Split From Rs.10/- to Rs.1/-||7-Feb-17||TCIEXP||Interim Dividend – Rs. – 0.8000||7-Feb-17|
|GRANULES||Interim Dividend – Rs. – 0.2500||7-Feb-17||WENDT||Interim Dividend – Rs. – 10.0000||7-Feb-17|
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