What is Intraday Trading

Intraday Trading is just the trading style when you unlock trading situation following the markets open in the morning of any trading day and shut them before the end of the day. You merely close positions at the closing stages of your trading day.

As a result of explanation, the price action in an intraday trade will be a part of the daily average traded range. Therefore, if the daily range is hundred points, your trades may target twenty-thirty-fifty points for instance. Here in a positional trade, the assortment is comparative to the period of interest and will be multiples of these statistics.

In Intraday trading, most brokers/markets permit trading with smaller exposure and higher leverage. Consequently trading Nifty fut in and for the night trade, you require a margin of twenty five thousand rupees, for intraday trading, the margin is around Eighteen Thousand rupees or about 30 percent lower. Depending on your broker’s procedure, you may be required to close all your positions about 15 minutes to 30 minutes before the market close or they are auto closed. This may or may not cause a problem, pedestal on your trading method.

The additional important point to be renowned though is that the working capital required for intraday trades is normally much lower than for positional trades.

The second feature is to consider the comparative volatility of price moves. Just as you move from 1 minute to five minute to fifteen minute or hourly charts, the intraday price movement gets "moist", the time frame that you desire to trade in becomes important. Quite a few experts suggest combining a look forward and look back approach. Which means if you trade five minute charts, you may get the first signs of a new trade on a one minute chart and use that for entry of the trade? In the same way, the bigger picture in the fifteen minute as well as hourly charts tells you the general market sentiment bullish and bearish and the probability of the trade to continue in your chosen trade route. A protracted trade in a bearish market would be the province of a scalp trader or an aggressive trader expecting a U-turn, but a high risk trade in any case. Similarly a elongated trade in a bullish sentiment in higher time casing is a safer trade.

Maybe, the mainly significant issue that will determine your trading choice is the amount of time you have to trade in a day trading. Is if you are a positional trader and encompass a trading method that works in intraday time frames, you could believe intraday trading after appraising the risks.

Risks in Intraday Trading:  In intraday trades for Nifty fut, for a target of twenty points, if we setup stop losses of twenty points (say) and expect to trade 3-4 times in a day. Your maximum risk is twenty x four = Eighty points or Eighty x Fifty units per Nifty lot = Rs 4000 per lot. Is that affordable for you. The same risk for one lot mini nifty with Twenty units = Sixty x twenty= Rs 1200 per lot. Assuming that you will do Fifteen trades in a week with a sixty percent success rate or six losing trades, or Eighty points or Rs Eighty x Fifty = Rs 4000 for Nifty futures and Rs 1600 for mini Nifty futures. Execute these numbers fall in the range of your trading risk tolerance? Reproduce these numbers by number of lots (deal) that you intend to trade for each trade and you acquire your entire risk disclosure. For two lots its Rs 8000 or Rs 3200 for Nifty/Mini Nifty fut respectively.

For more information on Intraday Trading Tips visit www.charanwings.com

Bears Taken Spin Bulls on Escort

Key Indices

Bse Sensex Major Resistance on Upside at 18512-18711-18910

Bse Sensex Major Support on Downside at 17942-17571-17372

Trend Deciding Level for Bse Index at 18141

Nifty Spot Major Resistance on Upside at 5473-5537-5601

Nifty Spot Major Support on Downside at 5301-5193-5129

Trend Deciding Level for Nifty Spot at 5365

 

 

Corporate Highlights

  • JSW Steel to hike price by 4-6% as coal gets costlier.
  • Sesa Goa shares gain on inclusion in the Sensex from August 27
  • Morgan Stanley overweight on Sun Pharma with a target price of Rs 619
  • Dr Reddy's Laboratories has voluntarily recalled 3 lots of Ranitidine Hydrochloride tablets in 150mg strength in the US market
  • Tech Mahindra: Global business scenario improving with US driving growth.
  • ICICI Bank ups base rate by 25 bps to 10% effective August 23
  • Zensar Tech signs multi-year contracts in US
  • I-T department is likely to have searched warehouses of 24 NSEL borrowers across India

Market Round Up

  • Bulls presume charge, Nifty spot closed in the positive today, up 106 points at 5408. Over the next couple of days it is expected to move up till 5504. In this epoch the key support will be near 5375 and resistance will be near 5438. Further technical observations on the daily chart the index is trading below the twenty-DMA and the forty-DMA, ie 5646 and 5710 respectively. The momentum indicator is trading in negative mode. Lying on the hourly chart, the Nifty is trading around the twenty-hourly moving average and the 40-HMA, ie 5375 and 5438 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was positive with 720 advances and 450 declines on the Nse India.
  • Nse Nifty Fut Major Resistance on Upside at 5477-5539-5600
  • Nse Nifty Fut Major Support on Downside is at 5302-5189-5127
  • Trend Deciding Level for Nifty Fut at 5364
  • Nse Bank Nifty Fut Major Resistance on Upside at 9485-9662-9839
  • Nse Bank Nifty Fut Major Support on Downside at 9071-8834-8657
  • Trend Deciding Level for Bank Nifty Fut at 9248
  • 5 Daily Moving Average @ 5408
  • 20 Daily Moving Average @ 5646
  • 50 Daily Moving Average @ 5762
  • 200 Daily Moving Average @ 5844
  • 5 Days Relative Strength Index @ 38 and 14 Days Relative Strength Index @ 36. INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT

Today Stock Market Tips

Buy Nifty Fut Nse Aug Above 5425 sl 5400 Tgt 5450-5500 {Or} Sell Nifty Fut Nse Aug Below 5375 sl 5400 Tgt 5350-5325

Buy Bank Nifty Fut Nse Aug Above 9380 sl 9330 Tgt 9430-9480 {Or} Sell Bank Nifty Fut Nse Aug Below 9285 sl 9330 Tgt 9235-9185

Visit charanwings.com to know more about Equity Market Outlook and Best Stock Tips

Blood Bath Continues in D-Street

Key Indices

Bse Sensex Major Resistance on Upside at 18370-18833-19296

Bse Sensex Major Support on Downside at 17629-17351-16888

Trend Deciding Level for Bse Index at 18092

Nifty Spot Major Resistance on Upside at 5444-5585-5725

Nifty Spot Major Support on Downside at 5217-5131-4990

Trend Deciding Level for Nifty Spot at 5358

 

Corporate Highlights

  • Apollo Tyre-Cooper acquisition facing opposition from Chinese workers.
  • Everonn Education board okays debt restructuring plan
  • Zydus Cadila receives US FDA approval for Lansoprazole capsules
  • 6 lakh MCX shares change hands on NSE at Rs 282.70/share
  • McNally Bharat gets order worth Rs 532 cr 
  • Maruti Suzuki launches WagonR stingray starting at Rs 4.06 lakh (ex-showroom)
  • Apollo Tyres confirms staff return to work at Cooper's JV in China
  • Rupee ends at 64.11 to the dollar Vs 63.25 on Tuesday

Market Round Up

  • Bears run amok on Dalal Street the Nifty Spot closed in the negative yesterday losing 98 points at 5302. Over the next couple of days it is expected to trend down till 5260. In this period the key support will be near 5280 and resistance will be at 5393. Further technical observations on the daily chart the index is trading below the twenty-daily moving average and the forty-DMA, ie 5680 and 5727 correspondingly. The momentum indicator is trading in negative mode. On the hourly chart, the Nifty is trading below the twenty-hourly moving average (HMA) and the forty-HMA, ie 5393 and 5474 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was negative yesterday with 409 advances and 758 declines on the Nse India.
  • Nse Nifty Fut Major Resistance on Upside at 5442-5591-5740
  • Nse Nifty Fut Major Support on Downside is at 5200-5109-4960
  • Trend Deciding Level for Nifty Fut at 5350
  • Nse Bank Nifty Fut Major Resistance on Upside at 9666-10075-10484
  • Nse Bank Nifty Fut Major Support on Downside at 8981-8705-8296
  • Trend Deciding Level for Bank Nifty Fut at 9390
  • 5 Daily Moving Average @ 5473
  • 20 Daily Moving Average @ 5680
  • 50 Daily Moving Average @ 5769
  • 200 Daily Moving Average @ 5846
  • 5 Days Relative Strength Index @ 9 and 14 Days Relative Strength Index @ 25. INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT

Today Share Market Tips

Buy Nifty Fut Nse Aug Above 5335 sl 5310 Tgt 5360-5385 {Or} Sell Nifty Fut Nse Aug Below 5285 sl 5310 Tgt 5260-5235

Buy Bank Nifty Fut Nse Aug Above 9380 sl 9330 Tgt 9430-9480 {Or} Sell Bank Nifty Fut Nse Aug Below 9285 sl 9330 Tgt 9235-9185

Visit www.charanwings.com to know more about Equity Market Outlook and Best Stock Tips

Blood Bath Continues in D-Street

Key Indices

Bse Sensex Major Resistance on Upside at 18370-18833-19296

Bse Sensex Major Support on Downside at 17629-17351-16888

Trend Deciding Level for Bse Index at 18092

Nifty Spot Major Resistance on Upside at 5444-5585-5725

Nifty Spot Major Support on Downside at 5217-5131-4990

Trend Deciding Level for Nifty Spot at 5358

 

Corporate Highlights

  • Apollo Tyre-Cooper acquisition facing opposition from Chinese workers.
  • Everonn Education board okays debt restructuring plan
  • Zydus Cadila receives US FDA approval for Lansoprazole capsules
  • 6 lakh MCX shares change hands on NSE at Rs 282.70/share
  • McNally Bharat gets order worth Rs 532 cr 
  • Maruti Suzuki launches WagonR stingray starting at Rs 4.06 lakh (ex-showroom)
  • Apollo Tyres confirms staff return to work at Cooper's JV in China
  • Rupee ends at 64.11 to the dollar Vs 63.25 on Tuesday

Market Round Up

  • Bears run amok on Dalal Street the Nifty Spot closed in the negative yesterday losing 98 points at 5302. Over the next couple of days it is expected to trend down till 5260. In this period the key support will be near 5280 and resistance will be at 5393. Further technical observations on the daily chart the index is trading below the twenty-daily moving average and the forty-DMA, ie 5680 and 5727 correspondingly. The momentum indicator is trading in negative mode. On the hourly chart, the Nifty is trading below the twenty-hourly moving average (HMA) and the forty-HMA, ie 5393 and 5474 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was negative yesterday with 409 advances and 758 declines on the Nse India.
  • Nse Nifty Fut Major Resistance on Upside at 5442-5591-5740
  • Nse Nifty Fut Major Support on Downside is at 5200-5109-4960
  • Trend Deciding Level for Nifty Fut at 5350
  • Nse Bank Nifty Fut Major Resistance on Upside at 9666-10075-10484
  • Nse Bank Nifty Fut Major Support on Downside at 8981-8705-8296
  • Trend Deciding Level for Bank Nifty Fut at 9390
  • 5 Daily Moving Average @ 5473
  • 20 Daily Moving Average @ 5680
  • 50 Daily Moving Average @ 5769
  • 200 Daily Moving Average @ 5846
  • 5 Days Relative Strength Index @ 9 and 14 Days Relative Strength Index @ 25. INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT

Today Share Market Tips

Buy Nifty Fut Nse Aug Above 5335 sl 5310 Tgt 5360-5385 {Or} Sell Nifty Fut Nse Aug Below 5285 sl 5310 Tgt 5260-5235

Buy Bank Nifty Fut Nse Aug Above 9380 sl 9330 Tgt 9430-9480 {Or} Sell Bank Nifty Fut Nse Aug Below 9285 sl 9330 Tgt 9235-9185

Visit www.charanwings.com to know more about Equity Market Outlook and Best Stock Tips

Nifty continues its Sliding

Key Indices

Bse Sensex Major Resistance on Upside at 18372-18497-18622

Bse Sensex Major Support on Downside at 18052-17857-17732

Trend Deciding Level for Bse Index at 18177

Nifty Spot Major Resistance on Upside at 5447-5492-5537

Nifty Spot Major Support on Downside at 5333-5264-5219

Trend Deciding Level for Nifty Spot at 5378

 

Corporate Highlights

  • Moody's says credit quality of Indian oil companies may weaken.
  • Axis Bank files application with FIPB to up foreign shareholding limit
  • Bharti Airtel adds 4.76 lakh subscribers in July Vs 12.6 lakh (MoM)
  • Britannia sees above-normal attrition due to management changes
  • Jaiprakash Power looking to sell stake in 2 hydro power projects
  • Rupee ends at 63.25 to the dollar Vs 63.13 on Monday

Market Round Up

  • Market recovers as bulls fight back. The Nifty closed in the negative yesterday, down thirteen points at 5401. Over the next fasten of days it is expected to bounce till 5511 before the next leg down. In this period the key support will be near 5350 and resistance will be at 5444. Other technical observations on the daily chart the index is trading below the twenty-daily moving average (DMA) and the forty-DMA, ie 5715 and 5747 respectively. The momentum indicator is trading in negative sort on the hourly chart; the Nifty is trading below the twenty-hourly moving average (HMA) and the forty-HMA, ie 5444 and 5511 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was positive yesterday with 616 advances and 565 declines on the National Stock Exchange.
  • Nse Nifty Fut Major Resistance on Upside at 5480-5560-5640
  • Nse Nifty Fut Major Support on Downside is at 5260-5120-5040
  • Trend Deciding Level for Nifty Fut at 5340
  • Nse Bank Nifty Fut Major Resistance on Upside at 9746-10272-10797
  • Nse Bank Nifty Fut Major Support on Downside at 8775-8330-7804
  • Trend Deciding Level for Bank Nifty Fut at 9300
  • 5 Daily Moving Average @ 5553
  • 20 Daily Moving Average @ 5715
  • 50 Daily Moving Average @ 5781
  • 200 Daily Moving Average @ 5846

5 Days Relative Strength Index @ 24 and 14 Days Relative Strength Index @ 32. INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT

Today Stock Market Tips

Buy Nifty Fut Nse Aug Above 5400 sl 5375 Tgt 5425-5450 {Or} Sell Nifty Fut Nse Aug Below 5355 sl 5375 Tgt 5330-5300

Buy Bank Nifty Fut Nse Aug Above 9225 sl 9175 Tgt 9275-9325 {Or} Sell Bank Nifty Fut Nse Aug Below 9130 sl 9175 Tgt 9080-9030

 

Visit www.charanwings.com to know more about Equity Market Outlook and Best Stock Tips.

Nifty continues its Sliding

Key Indices

Bse Sensex Major Resistance on Upside at 18372-18497-18622

Bse Sensex Major Support on Downside at 18052-17857-17732

Trend Deciding Level for Bse Index at 18177

Nifty Spot Major Resistance on Upside at 5447-5492-5537

Nifty Spot Major Support on Downside at 5333-5264-5219

Trend Deciding Level for Nifty Spot at 5378

 

Corporate Highlights

  • Moody's says credit quality of Indian oil companies may weaken.
  • Axis Bank files application with FIPB to up foreign shareholding limit
  • Bharti Airtel adds 4.76 lakh subscribers in July Vs 12.6 lakh (MoM)
  • Britannia sees above-normal attrition due to management changes
  • Jaiprakash Power looking to sell stake in 2 hydro power projects
  • Rupee ends at 63.25 to the dollar Vs 63.13 on Monday

Market Round Up

  • Market recovers as bulls fight back. The Nifty closed in the negative yesterday, down thirteen points at 5401. Over the next fasten of days it is expected to bounce till 5511 before the next leg down. In this period the key support will be near 5350 and resistance will be at 5444. Other technical observations on the daily chart the index is trading below the twenty-daily moving average (DMA) and the forty-DMA, ie 5715 and 5747 respectively. The momentum indicator is trading in negative sort on the hourly chart; the Nifty is trading below the twenty-hourly moving average (HMA) and the forty-HMA, ie 5444 and 5511 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was positive yesterday with 616 advances and 565 declines on the National Stock Exchange.
  • Nse Nifty Fut Major Resistance on Upside at 5480-5560-5640
  • Nse Nifty Fut Major Support on Downside is at 5260-5120-5040
  • Trend Deciding Level for Nifty Fut at 5340
  • Nse Bank Nifty Fut Major Resistance on Upside at 9746-10272-10797
  • Nse Bank Nifty Fut Major Support on Downside at 8775-8330-7804
  • Trend Deciding Level for Bank Nifty Fut at 9300
  • 5 Daily Moving Average @ 5553
  • 20 Daily Moving Average @ 5715
  • 50 Daily Moving Average @ 5781
  • 200 Daily Moving Average @ 5846

5 Days Relative Strength Index @ 24 and 14 Days Relative Strength Index @ 32. INDICATES NIFTY PLACED IN BEARISH ZONE, WITH BEARISH MOMENT

Today Stock Market Tips

Buy Nifty Fut Nse Aug Above 5400 sl 5375 Tgt 5425-5450 {Or} Sell Nifty Fut Nse Aug Below 5355 sl 5375 Tgt 5330-5300

Buy Bank Nifty Fut Nse Aug Above 9225 sl 9175 Tgt 9275-9325 {Or} Sell Bank Nifty Fut Nse Aug Below 9130 sl 9175 Tgt 9080-9030

 

Visit www.charanwings.com to know more about Equity Market Outlook and Best Stock Tips.

Nifty Weekly Outlook

Nse Nifty Weekly Review 17-21 June’2013

This week will be crucial for both Indian & World markets as the 2 Central bankers – Dr. Duvvuri Subbarao and Ben Bernanke will be solving the puzzle markets have been contemplating from past one month. The Reserve Bank of India Governor on Monday will let us know if we are getting the rate cut and US Fed will be giving more clarity on withdrawing the QE from the market as more signs of improving US economy emerge. Volatility will be name of the game so trader is cautious.

Nse Nifty Hourly Chart Pattern: It is taking resistance at 50 HSMA, looking at hourly chart closely nifty in current down move 50 HSMA has played a crucial role. Further up move only above 50 HMSA.

Nse Nifty Gaps: Nifty traders who was following gap trading there are 1 trade gaps in the range of 5400-6000 and all other gaps got filled.

Nifty Daily Charts Pattern: If it closes below 200 DMA for three days, but weekly close was well above 200 DMA at 5800. Asset above 200 DMA gives bulls a sigh of respite. Monday we have Reserve Bank of India Monetary Policy and good policy signal will continue with further pullback.

Nifty Weekly Chart: Last Week Nifty closed in negative with loss of 72 points at 5809,appearance of an Hammer candlestick formation, which signals a reversal pattern but we need to see a follow up action in this week. KST is leap to give a crossover and it can lead to further downside in Nifty.

Nifty Monthly Chart Pattern: Nifty has given a failed breakout; it has also formed a topping tails formation on the monthly charts. Topping tails are fundamentally shows bearish signals.

Nifty Weekly Trend Levels:

Nifty Fut Major Resistance on Upside at 5933-6060-6187

Nifty Fut Major Support on Downside at 5686-5566-5439

Nifty Fut trend Deciding Level at 5813

Nifty and Bank Nifty Daily Trend Levels:

Nse Nifty Fut  Major Resistance on Upside at 5842-5878-5913

Nse Nifty Fut Major Support on Downside is at 5753-5700-5664

Trend Deciding Level for Nifty Fut at 5789

Nse Bank Nifty Fut Major Resistance on Upside at 11993-12054-12114

Nse Bank Nifty Fut Major Support on Downside at 11846-11760-11690

Trend Deciding Level for Bank Nifty Fut at 11907

5 DMA @ 5787

20 DMA @ 5932

50 DMA @ 5889

200 DMA @ 5795

5 Days RSI @ 43 and 14 Days RSI @ 45. INDICATES NIFTY PLACED IN TRADING ZONE, WITH BULLISH MOMENTUM.

Trading Calls For The Day

BUY NSE NIFTY JUNE FUT ABOVE 5825 SL 5800 TGT 5845-5865 [OR] SELL BELOW 5775 SL 5800 TGT 5755-5735

BUY NSE BANK NIFTY JUNE FUT ABOVE 11960 SL 11910 TGT 12010-12060 [OR] SELL BELOW 11865 SL 11910 TGT 11815-11765

 

Nifty Weekly Outlook

Nse Nifty Weekly Review 17-21 June’2013

This week will be crucial for both Indian & World markets as the 2 Central bankers – Dr. Duvvuri Subbarao and Ben Bernanke will be solving the puzzle markets have been contemplating from past one month. The Reserve Bank of India Governor on Monday will let us know if we are getting the rate cut and US Fed will be giving more clarity on withdrawing the QE from the market as more signs of improving US economy emerge. Volatility will be name of the game so trader is cautious.

Nse Nifty Hourly Chart Pattern: It is taking resistance at 50 HSMA, looking at hourly chart closely nifty in current down move 50 HSMA has played a crucial role. Further up move only above 50 HMSA.

Nse Nifty Gaps: Nifty traders who was following gap trading there are 1 trade gaps in the range of 5400-6000 and all other gaps got filled.

Nifty Daily Charts Pattern: If it closes below 200 DMA for three days, but weekly close was well above 200 DMA at 5800. Asset above 200 DMA gives bulls a sigh of respite. Monday we have Reserve Bank of India Monetary Policy and good policy signal will continue with further pullback.

Nifty Weekly Chart: Last Week Nifty closed in negative with loss of 72 points at 5809,appearance of an Hammer candlestick formation, which signals a reversal pattern but we need to see a follow up action in this week. KST is leap to give a crossover and it can lead to further downside in Nifty.

Nifty Monthly Chart Pattern: Nifty has given a failed breakout; it has also formed a topping tails formation on the monthly charts. Topping tails are fundamentally shows bearish signals.

Nifty Weekly Trend Levels:

Nifty Fut Major Resistance on Upside at 5933-6060-6187

Nifty Fut Major Support on Downside at 5686-5566-5439

Nifty Fut trend Deciding Level at 5813

Nifty and Bank Nifty Daily Trend Levels:

Nse Nifty Fut  Major Resistance on Upside at 5842-5878-5913

Nse Nifty Fut Major Support on Downside is at 5753-5700-5664

Trend Deciding Level for Nifty Fut at 5789

Nse Bank Nifty Fut Major Resistance on Upside at 11993-12054-12114

Nse Bank Nifty Fut Major Support on Downside at 11846-11760-11690

Trend Deciding Level for Bank Nifty Fut at 11907

5 DMA @ 5787

20 DMA @ 5932

50 DMA @ 5889

200 DMA @ 5795

5 Days RSI @ 43 and 14 Days RSI @ 45. INDICATES NIFTY PLACED IN TRADING ZONE, WITH BULLISH MOMENTUM.

Trading Calls For The Day

BUY NSE NIFTY JUNE FUT ABOVE 5825 SL 5800 TGT 5845-5865 [OR] SELL BELOW 5775 SL 5800 TGT 5755-5735

BUY NSE BANK NIFTY JUNE FUT ABOVE 11960 SL 11910 TGT 12010-12060 [OR] SELL BELOW 11865 SL 11910 TGT 11815-11765

 

Equity News letter

 

Index {Spot}

Res 3

Res 2

Res 1

Trend Point

Supp 1

Supp 2

Supp 3

BSE SENSEX

19627

19824

20020

19514

19317

19204

19007

NSE NIFTY

6073

6009

5945

5908

5884

5807

5743

 

CORPORATE HIGHLIGHTS

  •  Adani Ports block deal: 3.1 cr shares exchanged hands
  •  Apollo Pharmacy halts sale of Ranbaxy drugs
  •  Lanco Infratech bags EPC contracts worth Rs 3294 cr
  •  Reliance Communication, Reliance Jio signs pact for tower sharing
  •  Aban Offshore gets order from ONGC for Rs 1,050 cr
  •  Tech Mahindra, L&T Infotech are considering to acquire Chennai-based Polaris' IT services unit
  •  Markets Last week: Nifty down 1.9%, Sensex down 1.8%; JM Fin up 17.9%, DRL, Rel Infra up 4%; Asian Paints, Sesa Goa down 5%

MARKET ROUNDUP

  •  Faction of rupee, macroeconomic data and trend in investment by foreign institutional investors will dictate trend on the bourses. A weakness in rupee against the dollar has triggered volatility on the bourses off late. The rupee hit near one-year low below 57 a dollar on Friday, 7 June 2013. A weak rupee makes imports costlier, stoking inflation concerns, thereby capping the Reserve Bank of India's scope to extend monetary easing and counter the slowest economic growth in a decade.
  • The Central Statistics Office (CSO) will unveil industrial output data for April 2013 on Wednesday, 12 June 2013. Industrial production rose 2.5% in March 2013, compared with a revised growth of 0.46% in February 2013. Industrial production rose 1% for the year ended 31 March 2013 (FY 2013).The CSO will unveil industrial output data for the month of April 2013 on 12 June 2013. Industrial production rose 2.5% in March 2013, compared with a revised growth of 0.46% in February 2013. Industrial production rose 1% for the year ended 31 March 2013 (FY 2013).The CSO will unveil data on inflation based on the combined consumer price index for urban and rural India for the month of May 2013 on Wednesday, 12 June 2013, and data on inflation based on the wholesale price index (WPI) for May 2013 on Friday, 14 June 2013.
  • The consumer price inflation fell below the 10% mark in April 2013. The combined consumer price inflation for rural and urban India eased to 9.39% in April 2013 from 10.39% in March 2013. The WPI eased sharply to 4.89% in April 2013, from 5.96% in March 2013. Meanwhile, WPI inflation for February 2013 was revised upwards to 7.28% from 6.84% reported earlier.
  • RBI undertakes mid-quarter review of the monetary policy on 17 June 2013. The RBI on 3 May 2013 cut its key policy rate viz. the repo rate by 25 basis points (bps) to 7.25% and kept the cash reserve ratio for banks unchanged at 4% after a monetary policy review. RBI said at that time that the balance of risks stemming from its assessment of the growth-inflation dynamic provides little space for further monetary easing. The RBI said it will endeavor to condition the evolution of inflation to a level of 5% by March 2014, using all instruments at its command. Investors will watch the figures of Q1 advance tax payment of India Inc which falls due on 15 June 2013.
  • The Q1 advance tax numbers could provide cues on Q1 June 2013 corporate earnings. Advance taxes are collected in four installments – 15% by 15 June; 40% by 15 September; 75% by 15 December and 100% by 15 March.
  • On the global front, Asian market will on Monday, 10 June 2013, react to the influential US monthly nonfarm payrolls report for May 2013 which is due for release on Friday, 7 June 2013.
  • Federal Reserve Chairman Ben Bernanke said last month that the bank could start scaling back its aggressive easing program in coming months if data continue to improve.
  • Mainland Chinese markets are closed from Monday, 10 June 2013, to Wednesday, 12 June 2013, for the Dragon Boat Festival.
  • Nse Nifty Fut Major Resistance on Upside at 5963-6030-6096
  • Nse Nifty Fut Major Support on Downside is at 5857-5818-5751
  • Trend Deciding Level for Nifty Fut at 5924
  • Nse Bank Nifty Fut Major Resistance on Upside at 12414-12560-12785
  • Nse Bank Nifty Fut Major Support on Downside at 12124-12020-11834
  • Trend Deciding Level for Bank Nifty Fut at 12310
  • 5 DMA @ 5917
  • 20 DMA @ 6039
  • 50 DMA @ 5878
  • 200 DMA @ 5785
  •  5 Days RSI @ 20 and 14 Days RSI @ 41. INDICATES NIFTY PLACED IN TRADING BEARISH ZONE, WITH BEARISH MOMENTUM.

 

Equity News letter

 

Index {Spot}

Res 3

Res 2

Res 1

Trend Point

Supp 1

Supp 2

Supp 3

BSE SENSEX

19627

19824

20020

19514

19317

19204

19007

NSE NIFTY

6073

6009

5945

5908

5884

5807

5743

 

CORPORATE HIGHLIGHTS

  •  Adani Ports block deal: 3.1 cr shares exchanged hands
  •  Apollo Pharmacy halts sale of Ranbaxy drugs
  •  Lanco Infratech bags EPC contracts worth Rs 3294 cr
  •  Reliance Communication, Reliance Jio signs pact for tower sharing
  •  Aban Offshore gets order from ONGC for Rs 1,050 cr
  •  Tech Mahindra, L&T Infotech are considering to acquire Chennai-based Polaris' IT services unit
  •  Markets Last week: Nifty down 1.9%, Sensex down 1.8%; JM Fin up 17.9%, DRL, Rel Infra up 4%; Asian Paints, Sesa Goa down 5%

MARKET ROUNDUP

  •  Faction of rupee, macroeconomic data and trend in investment by foreign institutional investors will dictate trend on the bourses. A weakness in rupee against the dollar has triggered volatility on the bourses off late. The rupee hit near one-year low below 57 a dollar on Friday, 7 June 2013. A weak rupee makes imports costlier, stoking inflation concerns, thereby capping the Reserve Bank of India's scope to extend monetary easing and counter the slowest economic growth in a decade.
  • The Central Statistics Office (CSO) will unveil industrial output data for April 2013 on Wednesday, 12 June 2013. Industrial production rose 2.5% in March 2013, compared with a revised growth of 0.46% in February 2013. Industrial production rose 1% for the year ended 31 March 2013 (FY 2013).The CSO will unveil industrial output data for the month of April 2013 on 12 June 2013. Industrial production rose 2.5% in March 2013, compared with a revised growth of 0.46% in February 2013. Industrial production rose 1% for the year ended 31 March 2013 (FY 2013).The CSO will unveil data on inflation based on the combined consumer price index for urban and rural India for the month of May 2013 on Wednesday, 12 June 2013, and data on inflation based on the wholesale price index (WPI) for May 2013 on Friday, 14 June 2013.
  • The consumer price inflation fell below the 10% mark in April 2013. The combined consumer price inflation for rural and urban India eased to 9.39% in April 2013 from 10.39% in March 2013. The WPI eased sharply to 4.89% in April 2013, from 5.96% in March 2013. Meanwhile, WPI inflation for February 2013 was revised upwards to 7.28% from 6.84% reported earlier.
  • RBI undertakes mid-quarter review of the monetary policy on 17 June 2013. The RBI on 3 May 2013 cut its key policy rate viz. the repo rate by 25 basis points (bps) to 7.25% and kept the cash reserve ratio for banks unchanged at 4% after a monetary policy review. RBI said at that time that the balance of risks stemming from its assessment of the growth-inflation dynamic provides little space for further monetary easing. The RBI said it will endeavor to condition the evolution of inflation to a level of 5% by March 2014, using all instruments at its command. Investors will watch the figures of Q1 advance tax payment of India Inc which falls due on 15 June 2013.
  • The Q1 advance tax numbers could provide cues on Q1 June 2013 corporate earnings. Advance taxes are collected in four installments – 15% by 15 June; 40% by 15 September; 75% by 15 December and 100% by 15 March.
  • On the global front, Asian market will on Monday, 10 June 2013, react to the influential US monthly nonfarm payrolls report for May 2013 which is due for release on Friday, 7 June 2013.
  • Federal Reserve Chairman Ben Bernanke said last month that the bank could start scaling back its aggressive easing program in coming months if data continue to improve.
  • Mainland Chinese markets are closed from Monday, 10 June 2013, to Wednesday, 12 June 2013, for the Dragon Boat Festival.
  • Nse Nifty Fut Major Resistance on Upside at 5963-6030-6096
  • Nse Nifty Fut Major Support on Downside is at 5857-5818-5751
  • Trend Deciding Level for Nifty Fut at 5924
  • Nse Bank Nifty Fut Major Resistance on Upside at 12414-12560-12785
  • Nse Bank Nifty Fut Major Support on Downside at 12124-12020-11834
  • Trend Deciding Level for Bank Nifty Fut at 12310
  • 5 DMA @ 5917
  • 20 DMA @ 6039
  • 50 DMA @ 5878
  • 200 DMA @ 5785
  •  5 Days RSI @ 20 and 14 Days RSI @ 41. INDICATES NIFTY PLACED IN TRADING BEARISH ZONE, WITH BEARISH MOMENTUM.