Wednesday, 7 December 2016

Sensex, Nifty firm as investors await RBI policy; TCS, ITC drag

Adani Ports, HDFC, Hero MotoCorp, NTPC and Bharti are top gainers while Sun Pharma, TCS, ITC, Lupin and Dr Reddy's Labs are losers in the Sensex. 

The market is still steady with the Nifty above 8150 comfortably. The 50-share index is up 23.25 points or 0.3 percent at 8166.40 and the Sensex is up 62.87 points or 0.2 percent at 26455.63. About 1343 shares have advanced, 760 shares declined, and 118 shares are unchanged.

Adani Ports, HDFC, Hero MotoCorp, NTPC and Bharti are top gainers while Sun Pharma, TCS, ITC, Lupin and Dr Reddy's Labs are losers in the Sensex.

Meanwhile, a Reuters Poll showed the Sensex is expected to rise next year but it may not scale record highs predicted a few months back mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters.

Indian shares fell over 6 percent a day after the November 8 announcement by Modi outlawing high-value bank notes, coinciding with a shakeout in global financial markets after Donald Trump's victory in the US presidential election.

Nifty holds 8150 ahead of RBI policy; banks, auto shares lead

Equity benchmarks continued to trade higher with moderate gains ahead of the outcome of monetary policy committee. All economists say they expect the RBI to cut repo rate by 25 basis points but if more than that comes then that would be bonus points.
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Tuesday, 6 December 2016

Expect Nifty to open at 8150, down 23 points: Dynamic Levels

Nifty Dec Futures is expected to open at 8150 as per SGX Nifty at 8:30 am IST, which is 23 points below its previous close of 8173, says Dynamic Levels. 

Nifty cheers up before RBI policy on Wednesday 

Indian Market Outlook:

Indian benchmark Index Nifty opened at 8092 yesterday and made a low of 8076, 2 points below its daily support of 8078 as per Dynamic Levels. Nifty rose sharply by 99 points from there to make a high of 8175 and finally closed at 8173. FII, however, are still continuing with their selling in the month of December. The total selling in cash segment amounting to Rs 912 crore in last 3 days.

7th of December, Wednesday this week, we have Urjit Patel, RBI governor's, second monetary policy where markets have high hopes of an interest rate cut. A rate cut would result in a weaker Rupee which would directly benefit the export oriented companies and rate sensitive companies. IT and the financial services sector would be the direct beneficiaries. Major surveyed economists as per Bloomberg expect RBI to reduce interest rates by 25 bps. Markets might cheer the upcoming move.

Nifty Dec Futures is expected to open at 8150 as per SGX Nifty at 8:30 am IST, which is 23 points below its previous close of 8173.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Friday, 2 December 2016

Sensex, Nifty, Midcap under pressure; HDFC twins, ITC drag

Benchmark indices as well as broader markets continued to reel under pressure on further profit booking and global weakness. Banks, FMCG, technology and infra stocks were under pressure while oil stocks remained on buyers' radar. 

10:31 am FII View: Meanwhile, Drausio Giacomelli of Deutsche Bank says he is constructive emerging market in 2017 on improving prospects for global growth and better valuation, but both assets and economies will likely face a difficult start before the outlook brightens – especially for the more growth-sensitive assets.

A stormy end to 2016 and a challenging – yet hopeful – 2017 outlook characterize the emerging market complex, he feels. STOCK FREE TIPS

Drausio says, "Typically, an improving G2 outlook will compel us to readily revise up our emerging market forecasts, but this time we are guarded, owing to the makings of a zero-sum de-globalized environment. He is moderately overweight on India.

10:17 am Market Expert: The emerging markets are unlikely to do well in the near-term owing to a stronger dollar and rise in US bond yields, says Vibhav Kapoor, Director of IL&FS. He sees huge amounts of money flowing back from the EMs to the US.

Vibhav says demonetisation or not, the Indian market is bound to suffer due to this in the near-term. Nifty, he says, is sure to break the Brexit day low point of 7,927 points.

He is not too worried about the cash crunch at this point, as he feels it may only last for another month. But the main issue he says is how long the impact of demoetisation will last.

The December quarter results of companies will show the real condition, he says. He is confident that bottomline may not actually be that bad. This fact will give a boost to trader sentiments.

Also read - Buy, sell, hold: 7 key stocks that you should focus now 

10:00 am Market Check: Benchmark indices as well as broader markets continued to reel under pressure on further profit booking and global weakness. Banks, FMCG, technology and infra stocks were under pressure while oil stocks remained on buyers' radar.

The 30-share BSE Sensex was down 146.34 points at 26413.58 and the 50-share NSE Nifty fell 46.80 points to 8146.10. The BSE Midcap and Smallcap indices were down 0.3-0.5 percent as about two shares declined for every share advancing on the exchange.

HDFC, ITC, HDFC Bank, Infosys and TCS were the top five contributors to Sensex's fall, down 1-2 percent whereas Reliance Industries, ICICI Bank, ONGC, Tata Motors and Sun Pharma were gainers.

Coal India climbed over a percent after a media report indicated that the government officials proposed to break up the company into 7 companies within a year.

Asian markets stuttered, snapping out of the reprieve seen post-OPEC output cut deal, as dollar strength pauses and investors await the US jobs report. China's Shanghai, Japan's Nikkei, Hong Kong's Hang Seng, Australia's ASX 200 and South Korea's Kospi were down 0.8-1 percent.
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Thursday, 1 December 2016

Nifty December Futures to open at 8263: Dynamic Levels

Nifty December Futures is expected to open at 8263 as per SGX Nifty at 8:30 am IST, which is 10 points above its previous close of 8253, says Dynamic Levels. 

Nifty might face resistance at 8300, FII sold Rs 19981 crore of shares in November

Indian Market Outlook: 

 free trails tips
Indian benchmark Index Nifty saw an upside rally of 103 points from a low of 8167 to make a high of 8230 yesterday to finally close at 8253. FII have been selling relentlessly in the month of November to the tune of Rs 19981 crore in cash market. This is the biggest single month selling for the year 2016. Inspite of such heavy selling, Nifty has managed to rise 350 points from its November's low of 7921 to 8270. However, Nifty has a major resistance at 8287 which is its 2 week high. If 8287 is breached, the next target on the upside would be 8614.

The OPEC meeting in Vienna yesterday resulted in some relief to the OIL prices as OPEC members signaled a output cut of 1.2 million barrels a day. The crude prices have surged 8.29 percent in a single day yesterday.

Nifty December Futures is expected to open at 8263 as per SGX Nifty at 8:30 am IST, which is 10 points above its previous close of 8253.

Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Wednesday, 30 November 2016

Sensex rises 100 pts, Nifty holds 8150; cement stocks rally

Equity benchmarks extended gains in morning with the Nifty holding 8150 level, supported by banks and healthcare stocks. The broader markets continued to outperform benchmarks from the beginning of the week. 

10:18 am FII View: Sakthi Siva of Credit Suisse says since December 31, 2014, 2016 consensus EPS revisions for India have been cut by 27 percent, Indonesia by 25 percent, the region by 20 percent, Korea by 10 percent and Taiwan by 15 percent.

With India, Indonesia and the Philippines associated with the biggest downgrades to 2016 consensus EPS in November, this could potentially be a catalyst for further underperformance, according to her.

Also read - RBI puts withdrawal limits on accounts under PM Jan-Dhan Yojana 

10:00 am Market Check 

Equity benchmarks extended gains in morning with the Nifty holding 8150 level, supported by banks and healthcare stocks. The broader markets continued to outperform benchmarks from the beginning of the week.

The 30-share BSE Sensex was up 96.89 points at 26490.90 and the 50-share NSE Nifty rose 30.80 points to 8172.95 while the BSE Midcap and Smallcap indices gained 0.75 percent and 1 percent, respectively.

About three shares advanced for every share falling on the exchange.

Cement stocks gained strength today. Grasim, Ambuja Cements and ACC climbed over 2 percent.

ICICI Bank, TCS, Adani Ports, Maruti Suzuki, SBI, Sun Pharma and Lupin rose 1-2 percent while ITC, Reliance Industries, NTPC and Tata Steel were under pressure.
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Tuesday, 29 November 2016

Nifty Dec Futures to open at 8154: Dynamic Levels

According to a report by Dynamic Levels, Nifty Dec Futures is expected to open at 8154 as per SGX Nifty at 8:30 am IST, which is 11 points above its previous close of 8143. 


Indian benchmark Index Nifty saw a sharp upside rally of 90 points from a low of 8078 to make a high of 8148 and finally closed at 8143. The market fears of demonetization and its negative effects on economy seem to have subsided as the broader Indices like Small Cap and Bank Nifty continue outperforming Nifty. After RBI's latest move to curb excess liquidity with the banks, it was expected to put some pressure on the markets especially the banking shares, which may get the worst hit. Irrespective of all the odds, Indian Indices maintained their strength throughout the trading yesterday.

Nifty Futures, if trades convincingly above 8138, its previous week high, the next target as per Dynamic Levels is 8287.

FII have been net sellers on the cash markets but past two days there has been some buying in NSE Small Cap Index which has risen up by 300 points from low of 5408. However, FII have ended the month of November with a net selling in the cash market worth Rs. 17023 Cr, the highest single month sell figures for the year 2016.

Nifty Dec Futures is expected to open at 8154 as per SGX Nifty at 8:30 am IST, which is 11 points above its previous close of 8143.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Friday, 25 November 2016

Nifty December Futures to open at 8031: Dynamic Levels

According to a report by Dynamic Levels, Nifty December Futures is expected to open at 8031 as per SGX Nifty at 8:30 am IST, which is 21 points above its previous close of 8010. 



 Free tails
Indian benchmark Index Nifty saw a volatile range bound movement between 8024-7953 yesterday. Yesterday being the last day of November F&O series, volatility was high as expected. The major Indian Indices namely Nifty, Bank Nifty and the Small Cap Index are all trading at a major support level.

Nifty spot is testing its Brexit low of 7927 made on 24 June 2016. Whereas Bank Nifty is showing a comparative strength since it has not even touched its Trump's low of 18143 made on Nov 9 where the Brexit low was 16946. Small Cap has also joined the group outperforming the benchmark Nifty. Small Cap has tested its Trump low of 5427 and is already up by 200 points from the lows. This shows that the broader market has already started to pick up momentum and an upside rally is just around the corner.

We should expect a buying in the December series as RBI might slash interest rates by 50 basis points triggering a short covering rally. Important resistance for Nifty lies at 8140, any meaningful rally would be above this level.

FII have been net sellers on the cash markets but past two days there has been some buying in NSE Small Cap Index which has risen up by 200 points from low of 5408. However, FII have ended the month of November with a net selling in the cash market worth Rs. 17023 Cr, the highest single month sell figures for the year 2016.

Nifty December Futures is expected to open at 8031 as per SGX Nifty at 8:30 am IST, which is 21 points above its previous close of 8010.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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