Good Morning
Friends.
Today had some more
good lines but just thought to wait till today, if something which is in mind
clicked today the it would be best suited for tomorrow.
An empty
pocket teaches millions things in life, but, full pockets spoils you in a
million ways.
No no no… I don’t have any view
specially on the day of expiry, just simple thing coming in mind, as per
tradition of recent expiries, operators once again put Nifty below 5600 mark
and erode all premiums of 5600CE as many are expecting expiry above 5600 or say
around 5650.
So lets see what operators want to
do, but one thing is sure, if someone can put 5K on risk i.e. if he’s ready to
loose 5K without worry or impatience, he/she can make it 10K to 50K today
itself, if not then he/she will lose 5K but ratio is 80:20 i.e. chances to make
profit is 80% and need lot of patience.
Well, Indian equity market which traded in a
tight range for most part of the day, shed away its gains in the last half an
hour of trade. Fears of a weaker rupee further impacted India's precarious
current account deficit once again returned to haunt traders and investors.
The rupee fell below the critical
60 per dollar mark, breaching its previous record low of 59.98 hit last week.
The rupee hit a low of 60.38 against the greenback. It has now depreciated over
12% in two months despite attempts by the Reserve Bank to stem its fall.
Gainers –
Bharti
Airtel, IndusInd Bank, ONGC, Reliance Infrastructure, M&M, BPCL, Bank of
Baroda, Kotak Mahindra Bank and Hindalco were among the major gainers.
Losers -
Tata Power, Cairn India, Power Grid, Lupin,
NTPC, SBI, NMDC, ICICI Bank and Coal India lost out steam.
Sectoral –
Auto, metal,
healthcare, banking and capital goods stocks were the major losers in trade
today. Mid- and small-cap stocks continued to decline further. However, IT,
power and FMCG stocks bucked the negative trend.
Domestic
Front –
Global
Front –
===================== MARKET OUTLOOK =====================
Rally seen Y’day in the market should not be misunderstood as an
uptrend, market recovered just on the back of short covering and recovery in
China. Trend is down and its intact till today, may market can go range bound
till expiry, but downward journey seems continue till next few more sessions.
The Nifty is trading close to its crucial psychological level of 5600
on account of foreign institutional selling and concerns over Chinese growth.
From its peak of 6229 hit on May 20, the Nifty has fallen 10.65%.
The INDIA VIX on NSE was down 0.33% and
ended at 21.07 against previous close of 21.14.
FNO PCR was 0.89 against previous close 0.94.
Indian Rupee – Rupee declined by 1.06 Rs. and was trading at 60.72 against its
previous close of 59.66.
S&P 500 (US) was trading at 1602.12 up 14.09 than its
previous close at the time of writing M Bells.
======================= NIFTY OUTLOOK
========================
The market is likely to remain volatile in the near ahead of the June
series F&O expiry this week.
Investors should stick around at 5540-5600 levels for some more time
and wait for markets to stabilise. A confirmation of reversal comes above
5835-5870. Many investors believe current fall will calm down around 5477 and
it would be hold. My view is if its broken then 5200 is on card.
Opening – As SGX is up 64 points a gap up is on card.
======================== STOCK OUTLOOK
======================
(Stock outlook needs
to watch stock movement carefully and then one can bet after having a look, I
tried to put related info which will help you in taking positions.)
Reliance
Capital -
Reliance Capital gained 1.8% after it roped in
SumitomoMitsui Trust Bank and Nippon Life Insurance for its banking licence
bid. The company will spin off its consumer lending business into a new entity
in which Nippon will buy less than 5% stake at a substantial premium. Reliance
Capital and its Japanese partners will apply for a licence by July 1, the
deadline set by the RBI.
Bharti Airtel
–
Bharti Airtel ended 6% lower after the Department
of Telecom slapped a Rs. 6.5bn penalty for
violating roaming norms in 13 circles between 2003-05.
View – reaction was too late while news is 2 days
old.
====================
OPEN CALLS ====================
# Please remember when I make special remark with
any position then one should need to take care of that else you can make loss
instead of profit.
# Be
with strict SL and don’t hesitate to book even small profit if Nifty doesn’t
shows strength.
ITC
320PE – @1 TG 2+ SL 0.65 (Max 2 lots)
===============
INVESTMENT BASKET ===============
(Stock in this section is with view of 3
months to 1 year)
============
PL Sheet (started from Jan 2013) ============
(If someone find any error in PL, please draw
our attention)
MG
Blog Fronm Jan 13 to April 13 (Total 58,800)
June 2013 = -14,500 – 1250 = -15,750
(Booked loss in RelInfra 340CE, bought @4 sold
at 1.75 = -1250)
Billionaire
Club from Jan 13 to May 13 (Total 1,22,200)
June 2013 = +2900 – 2500 = +400
(Booked loss in RelInfra 340CE, bought @4 sold
at 1.75 = -1250, 2 lots)
Today’s
MG Mantra –
Its expiry, low risk takers can sit
on cash.
Have a Profitable day – MG
Disclaimer –
1. I
have shared my view as per my limited knowledge; please use your own skills to
make a wise decision before execution of trade or consult your financial
advisor.
2. Those
that don’t have patience and are not willing to book loss also in cases don’t
enter this market.
No comments:
Post a Comment