22/06/2015
INDEX
OPEN
HIGH
LOW
CLOSE
CNX NIFTY
7968
8250
7944
8237
BANK NIFTY
17480
17979
17275
17871
INDEX
R2
R1
PP
S1
S2
CNX NIFTY
8449
8343
8143
8037
7837
BANK NIFTY
18412
18141
17708
17437
17004
OPEN INTEREST AND VOLUME
INDEX
CURRENT
PREVIOUS % CHANGE
NIFTY OI
77977250
81282525
-4.06%
NIFTY VOLUME
2494601
2385283
4.58%
BANK NIFTY OI
13300575
12034700
10.51%
569933
649945
BANK NIFTY VOLUME
-12.31%
FII AND DII WEEKLY TRADING
FII TRADING (RS. IN CRORE) FII
ACTIVITY GROSS
PURCHASE
GROSS SALES
NET
PURCHASE/SALES
19 June 2015
6463.41
6569.53
-106.12
18 June 2015
4190.71
5131.62
-940.91
17 June 2015
4190.71
5131.62
-940.91
16 June 2015
3512.26
4033.91
-521.63
15 June 2015
3028.02
3632.88
-604.86
Weekly Position
-3114.43
DII TRADING (RS. IN CRORE) GROSS PURCHASE
GROSS SALES
19 June 2015
1555.05
1107.50
447.55
18 June 2015
2728.31
1281.24
1447.07
17 June 2015
2728.31
1281.24
1447.07
16 June 2015
1656.96
1012.15
644.81
15 June 2015
1390.91
740.44
650.47
Weekly Position
4636.97
DII
NET
PURCHASE/SALES
0.000
FII and DII Statistics provides one with information about the quantity and price of the various instruments bought and sold by the Foreign Institutional Investors (FII) and Domestic Institutional Investors during the day in the Derivative Market.
Indian indices continue bullish during the last week rally and closed on positive note amid Market up Indian indices jump above support levels on the last trading day of June series F&O expiry. On sectorial front Banking, Metals, Infra, Financials sectors were up as well as Pharma and IT sectors remained stable and up during the week. Week ahead, market is likely to trend upside heading towards 8400 level as nifty has follow in channel weekly and daily charts that signals further buy in market. Nifty given closing at positive in weekly chart by open 7968 level to settle at 8236 on the above chart Nifty has been trading in over all downtrend, following a channel formation (from 8400 level to 7800) with the technical and fundamental supports for down side. Nifty was strong support level at 8000, nifty don’t broken the level 8000. Now channel has been not completed with the high on 8472 and low on 7600. If Nifty has broken above the level 8500 then it could touch the level of 8700/8900 for long term. Nifty, in last week trading session it was up closed at 8236. Its long term trend is down. 8000 was a support level in minor correction for buying position but nifty break the level. On weekly chart it has given breakout at below 8000 in channel. Stochastic and RSI has also selling confirmation. On weekly chart nifty has given breakout level at below 8000. If nifty has given breakout below 8000 so our selling level is below 8000 and our target is 7800 in coming weeks.
MARUTI SUZUKI INDIA LIMITED TECHNICAL VIEW
Stock Recommendation for 22/06/2015 is Maruti Suzuki. In Friday’s trading session it was up 2.25%. Its long term trend is up. On daily chart it is near to 52 week high. It has made the uptrend channel. RSI and Parabolic SAR also indicate buying confirmation. So our buying level is above 3960 and our target is 4080 and 4200 in coming days. Our stop loss 3810 is the entire indicator is suggesting that one can go for long position in the stock at above 3960 levels. Our recommendation on MARUTI buy above 3960 for 1st target 4080 and 2nd target 4200 with stop loss level 3810.
JINDAL STEEL & POWER LIMITED TECHNICAL VIEW
Stock Recommendation for 22/06/2015 is Jindal Steel. In Friday’s trading session it was down 0.20%. Its long term trend is down. On daily chart it has flag pattern and downtrend channel. EMA, RSI and Parabolic SAR also indicate selling confirmation. Our selling level is below 91 and our target is 86 and 81 in coming days. Our stop loss is 98 the entire indicator is suggesting that one can go for short position in the stock at below 91 levels. Our Recommendation on Jindal Steel sells below 91 for 1st target 86 and 2nd Target 81 with stop loss level 98.
PAST PERFORMANCE OF STOCK RECOMMENDATION DATE
SCRIPT
ORDER
COST LEVEL
1 ST TGT
2 ND TGT
SL
15 June
ONGC
Sell
300
-
-
315
08 June
IOB
Sell
38
37
36
-
08 June June 08
Coal India India Coal
Buy
408 408
-
-
398
0101June June BPCL BPCL
Buy Buy
857.50 857.50
- -
- -
25 25May May Voltas Voltas
Buy Buy
317 317
321 321
325 325
--
25 May
Sell
165.50
-
-
Idea
869.50 869.50
170.50
April IIP at 4.1%; May CPI inflation at 5.01% The consumer price inflation edged up to 5.01% in May, while annual industrial output growth accelerated to a twomonth high of 4.1% in April, according to the data released today by the Ministry of Statistics and Programme Implementation. HDFC Bank cuts lending rate by 0.15% Private sector HDFC Bank has cut base rate or minimum lending rate by 0.15 percent, a move which will lower EMIs for its borrowers. The base rate of the bank is 9.70 percent with effect from June 15, HDFC Bank said on its website. Prior to the cut, the base rate of the country's second largest private sector lender was 9.85 percent. The bank had last cut its base rate on April 13, by 0.15 percent to 9.85 percent following RBI first bi-monthly monetary policy review. While RBI has cut interest rates about three times this year by 75 basis points, banks so far have on an average cut lending rates by 25-30 basis points. Glenmark Pharma allotted 17,803 equity shares Glenmark Pharma allotted 17,803 equity shares pursuant to merger of Glenmark Generics with company. National Payments Corporation of India to roll out RuPay credit cards from next year. French Defence Minister Jean-Yves Le Drian says sale of 36 French Rafale Jets to India could be closed within 2-3 months.
Jubilant Life up 8.5% on vitamin B3 products price hike "Jubilant announced a price increase of 10 percent of Niacinamide, with immediate effect, for non-contract customers and wherever existing contracts permit, “said the company in its filing. The company added that it delivers unmatched advantages of consistent quality and availability of vitamin B3 (Niacin and Niacinamide) to its customers globally. Its nutritional products business is backward integrated up to the initial raw material stage with global scale of operations. Earlier on June 12, 2014, Jubilant had raised prices of vitamin B3 by 9 percent.
5 sectors affected by the Union Budget 2015. The finance minister presents his budget in 2 parts: Board policy and Tax proposals Board policy initiatives indicate the stance of the budget. If the budget is allocating resources for spending on infrastructure, a lot of related business is affected. Tax proposals: when tax rates or duties are changed, they affected individuals or companies accordingly. The ability of this company to pass on changes in tax rates to customers determines their future profitability. The sector here is some sector that has been impacted. 1 power: Power production required fuel. Any changes in tax on fuel could make or break a project. 2 Real Estate: Low cost housing and urbanization influences the real estate sector. The budget is watched very closely fir incentives offered towards this. 3 Infrastructures: this is perhaps the most affected sector in the budget. The government spending on rural and urban infrastructures leads to a significant business for companies that build it. 4 Automobiles: Excise duty on manufacturing on cars in India changes in every other budget while the duty on vehicles with smaller engines is less; it is more on vehicles that have a powerful engine. 5 Oil and Gas: Petroleum subsidies keep prices of diesels, kerosene or LPG low. Since fuel prices to retail customers and profitability of companies are determined by the amount of subsidies, investors listen to the finance minister’s budget speech for a stance on fuel pricing going ahead.
The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in equity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors. • MONEY CLASSIC INVESTMENT ADVISORS • WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM • EMAIL- INFO@MONEYCLASSICRESEARCH.COM • CONTACT NO. - (M) 9039777700, (0)0731-4094475