Market Outlook and Nifty on Monday

Indian Share Market Review | Market closed today : The BSE Sensex closed at 17,683.73 up 337 points higher on Friday tracking a rally in global shares, led by gains in blue-chip shares such as Reliance Industries(RELI.NS) that gained after CLSA raised its target price.

Banks shares also gained on hopes the Reseerve Bank of India (RBI) may cut rates on September 17 if the government announces reform measures next week.

The BSE index rose 1.95 percent. The 50-share NSE index ended up 1.98 percent.

Indian stocks opened gap-up tracking the global rally and the momentum stayed through the session.

High beta stocks, such as metals and realty, benefitted the most from today's rally. Commodity stocks gained as the liquidity push is expected to drive prices up. Capital goods stocks also saw strong buying interest and outperformed all other sectoral indices on the BSE.

Realty major DLF was the top Nifty gainer, rising 5.6 per cent. Steel maker Tata Steel advanced 5.6 per cent. Private lender ICICI Bank, commercial vehicles manufacturer Tata Motors, cement and infra major Jaiprakash Associates, and India's biggest engineering and construction firm L&T closed with 4-5 per cent gains.

Oil refiner BPCL was the only stock to close lower on the Nifty-50. Shares in oil marketing firms witnessed selling pressure after Petroleum Minister S. Jaipal Reddy said there was no immediate plan to increase fuel prices. The announcement left investors disappointed, who were expecting a price hike as early as today. BPCL declined 0.63 per cent.

The market breadth was strong with 75 per cent stocks rising on the broader BSE 500 index.

Analysts were mixed in their outlook, some expecting markets to go up, while others suggesting profit booking.

"Markets are likely to go up from here on the back of liquidity... There is no improvement in fundamentals, but liquidity can do crazy things," Devang Mehta, vice president (equity sales) Anand Rathi told NDTV Profit.

Source -- NDTC.Profit

Nifty Levels for Monday 10 September :

Pivot : 5432 , 

Support-1 : 5148.5 , Support-2 : 4954.9 , Support-3 : 4671.4

Resistance-1 : 5625.6 , Resistance-2 : 5909.1 , Resistance-3 : 6102.7

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Indian Share Market Trend and Outlook Today

Securities in Ban For Trade Date 30-August-2012

1 COREEDUTEC

2 MCDOWELL-N

3 MTNL

4 ONMOBILE

INDIAN SHARE MARKET NEWS TODAY :-

• The Authority for Advance Ruling has ruled that the USD 125 million-class action suit settlement done by Mahindra Satyam (formerly Satyam Computer Services Limited ) is taxable.
• SKS Microfinance has allotted 44.5 lakh shares on preferential basis to Kumaon Investment Holdings. As per the details of the acquisition, Kumaon Investment Holdings will acquire 44.5 lakh shares carrying voting rights equivalent to 4.11 per cent, SKS said.
• Fitch downgraded Tulip Telecom from junk to default status following its failure to redeem its $97 million, or Rs 533.5 crore, outstanding FCCBs.
• Debt overhang coupled with the inability to raise equity has forced Orchid Pharma to sell its Penicillin and Penem active pharma ingredient (API), including its plant in Aurangabad, to US-based Hospira for around $200 million (Rs 1200 crore).
• New Delhi India has approved a Rs 23000 crore package for spurring production of pure electric and hybrid vehicles of all types.
• Tech Mahindra  block deal - CNBC-TV18 Exclusive BT to sell 5.6-8.4% stake worth $100 m in Tech Mahindra Pricing to be Rs.775-790/sh, 5-7% discount to CMP BT has option to upsize block deal to $150m
• JPMorgan, Credit Suisse bankers to the deal Post stake sale, BT stake to be between 14.73-17.54%
• ISARC partners with Vijaya Bank  for resolution of NPA CNBC-TV18 Alert - ISARC is India SME Asset Reconstruction Company Ltd
• DLF  Promoter cuts stake, sells 34.5 lakh shares for Rs 70 Cr Alert Post transaction holding down from 1.55% to 1.34% Redington  to hive off its supply chain business into a separate entity FE ONGC Videsh in talks to buy shale gas assets in US & Canada - PTI
• Alembic Pharma  major part of the mfg ops at Halol, Vadodara restored Ricoh India  to seek shareholders nod for delisting Aarti Industries  board meets to consider demerger of the
• manufacturing business
• Gati  planning to rope in a strategic partner for its shipping division - DNA
• Jaypee Infra  loses Rs 1100 cr road infra project in UP as new govt has shelved land for development model FE
• Bain, KKR vie for 30% stake in Lanco's power projects - BS

Source Moneycontrol

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Indian Share Market Trend - NSE|BSE

Share intraday tips :

Buy Maruti Suzuki India Ltd below 1180.00, target 1192.00 for Intraday

Buy Grasim Industries AUG Futures in the range of 3040-3045

Buy Housing Development & Infrastructure Ltd below 74.00, target 75.20 for Intraday

Nifty Breaks its Crucial Support :

Today on Tuesday 28 August, BSE Sensex and Nifty drifted further lower amid increased volatility. Indian Share Markets are expected to be choppy ahead of the derivatives expiry later this week.

At 10.40 a.m., the Sensex traded 25 points or 0.14 per cent lower at 17,653 while the broader Nifty index was down 11 points to 5,339. The rupee, too, traded lower against the dollar at 55.77.

Other then this Metal stocks saw the deepest cut, falling 1.8 per cent. Metals are high beta stocks and tend to fall more than the benchmark indices. 

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Indian Share Market Trend : BSE

BSE may list shares in first half of 2013
One of the country’s premier stock exchanges, Bombay Stock Exchange, has set up a working committee to process its proposed initial public offering (IPO).

According to Ashishkumar Chauhan, Interim CEO of the "cash-rich" Exchange, said the committee is in the process of preparing a red herring prospectus and fine tuning other formalities. “The company may get listed in the first or second quarter of calendar 2013,” he said.

According to him, the idea of IPO is to give an exit route for its existing investors, rather than mobilising funds, and hence “it will be an offer for sale.”

At present, various broking houses hold over 43% stake in the company, followed by institutional investors with close to 40% and the remaining stake is held by some retail investors.

Under the current regulation, BSE needs to dilute up to 25% stake, and the committee will work out an elaborate plan on how to go about this, said Chauhan.

On BSE’s efforts to attract QFIs (qualified foreign investors), he said the exchange encourages and facilitates setting up of offices abroad by broking companies. BSE is the first Indian stock exchange to ring in the first QFI transaction (by a US-based investor) in June. One of its broking houses is now setting up an office in Dubai and is likely to go on stream by September this year.

Talking about BSE’s competitiveness in terms of transaction cost in the futures and options segment, Chauhan said the exchange charges just Rs 50 for every Rs 1 crore transacted in Options. This results in option trading cost on BSE being 85% lower than other exchanges. It does not charge any transaction cost for futures.

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Free Share Tips : Indian Share Market

Today the Indian Share Market opened on a very weak and negative basis. At 9:28am (IST), the BSE Sensex was at 17,264, up 28 points over the previous close. It had earlier touched a day’s high of 17,264 and day's low of 17,200. It opened at 17,244.
The NSE Nifty was quoting at 5,236 up 7  point sover the previous close. It had earlier touched a day’s high of 5,236 and a day’s low of 5214. It had opened at 5220.
Indian Shares to Trade in Today 1 August :-
SBI: Buy with a target of 2200 and a stop loss of 1929.4.
Cipla: Buy with a target of 360 and a stop loss of 328.4.
ITC: Sell with a target of 240 and an intraday stop loss of 261.6. 
Asian Paints: Sell with a target of 3400 and a stop loss of 3717.

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Intraday Trading Tips For Tomorrow : Nifty View

As we have predicted earlier, Indian share market today i.e. on 4th July traded rangebound. The NSE Nifty closed above the 5300 level for the first time since April 19, 2012 that rose 14.60 points to close at 5,302.55. Meanwhile, the BSE benchmark moved up 37.10 points to 17,462.81.

Share Market Trend Tomorrow :-

Indian share market will trade in a row ahead of the meetings of European Central Bank and Bank of England policy makers tomorrow. So keep an eye on global cues as well, as it can drive the direction of market. If we talk about Nifty then more than the global factors, the Nifty will be driven by local factors. From a broad market perspective, we think the range will be between 5,100 and 5,500. But we also believe that it's more stock specific. Within the same sector, there is huge divergence in terms of returns

Nifty Outlook : Support and Resistance Levels

Nifty is going to open around 5315 level.Due to having the closing above 5300 after April so nifty is expecting some good gains for tomorrow in the opening trading session.

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