Tuesday, 30 July 2013

Morning Bells (30 July 13)

Good Morning Friends.

Never hate those people who are jealous of you but respect their jealousy because they are the ones who think that you are better than them.

Y’day was a good day for me as when you were trading online I was only at BSE for a day. Will post few pics once will transfer to notebook.

Well, it was 4th straight day of weakness in the market, and Nifty is closed below its 200 Daily Moving Average which is not good sign for short to midterm.

The fall was led by defensive stocks like Hindustan Unilever and ITC. HUL fell sharply after sales volumes declined for the fifth consecutive quarter. The company said the slowdown in growth may last until the end of the current fiscal.

ITC continued to remain under pressure post its Q1 FY14 results on July 25. The stock fell 3.8% in trade today.

RBI’s Day –
RBI have take some liquidity tightening measures recently to check the rupee's volatility. RBI in its macro-economic report on Monday said "Recent liquidity tightening measures taken by the Reserve Bank to curb volatility in the exchange rate provide, at best, some breathing time. This strategy will succeed if reinforced by structural reforms to reduce the current account deficit (CAD) and step up savings and investment."

Signalling a policy change, a day ahead of its monetary policy review meet, RBI hinted that financial stability is now on its radar and that growth has taken a back seat as of now.

Gainers –
Jindal Steel, Tata Motors, UltraTech Cement, Grasim Industries, Asian Paints, Sun Pharmaceutical, Hero MotoCorp and M&M were among major gainers.

Losers -
IDFC, JP Associates, Hindalco, Ambuja Cements, Sesa Goa, Hindustan Unilever, BPCL and Coal India lost out shine in y’day’s trade.

Sectoral –
Interest rate sensitives continued to remain under pressure with the BSE banking and realty indices falling 1.8% and 1.2%, respectively. Even the midcap and smallcap indices declined by 1.2% and 1%, respectively. The only saving grace was the IT (up 0.65%) and auto indices (up 0.52%).

Domestic Front –

Global Front –

=====================  MARKET OUTLOOK  =====================
Apart from corporate earnings, Reserve Bank of India's monetary policy and monsoon session of parliament will provide the next big trigger for the market.

The INDIA VIX on NSE shot up by 8.76% and ended at 18.25 against previous close of 16.78.

FNO PCR was 0.95 against previous close 1.12.

Indian Rupee – Rupee again declined by 37 paisa and was trading at 59.42 against its previous close of 59.05.

S&P 500 (US) was trading at 1687.95 down 3.70 than its previous close at the time of writing M Bells.

Buzz Q1 Nos –
29 July – Allahbad Bank, Arvind, IDFC, JPA, MCX, RelCapital, Syndicate Bank, SesaGoa
30 July – Dr. Reddy, FinTech, Havells, Jindal Steel, NTPC, Rel Infra, Sun Pharma
31 July – BhartiAirtel, HCL, ICICI, KTK Bank, United Spirit

=======================  NIFTY OUTLOOK  ========================
Here series of next supports  5750 / 5660-80 / 5600 / 5545-65 / 5477. In this 5750, 5545-65 & 5477 are seems good support and Nifty can show some strength here.

Opening – Opening seems flat, though everybody expecting RBI policy is an non event so volatility 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.)

Jet Airways –
Jet Airways closed at Rs. 408, up almost 3% or Rs. 11.65, on Monday in anticipation of the the Foreign Investment Promotion Board clearing the Jet-Etihad deal. The Rs. 20.58bn deal will see the Abu Dhabi-based carrier picking up A 24% stake in Jet Airways.

RIL & ONGC – signed MOU
Investors in RIL and ONGC remained unperturbed by a memorandum of understanding signed by the two companies to explore the possibility of sharing RIL’s infrastructural facility on the East Coast. RIL closed flat at Rs. 886 while ONGC ended down 1.8% at Rs. 298 per share.

==================== 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.

=============== 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 July 13 (Total 59,600)
Aug 13 = +00

Billionaire Club from Jan 13 to June 13 (Total 1,30,450)
Aug 13 = +00

Today’s MG Mantra
For longs SL is 5880

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.

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