Morning Bells (29 Nov 12)

Good Morning Friends.

Everything is EASY when we are crazy about it and nothing is easy when we are LAZY about it.

Oops, I had missed a golden day due to some personal engagement.

Well most of you or experts feel that the rally was maily due to Greece aid approval. Euro-zone finance ministers struck a deal on reducing Greece’s debt. The ministers made way for the Greece’s next financial-aid disbursement in December.

But to my view it was mainly due to DMK announcement when DMK decided to back the UPA Government in Parliament when the discussion on FDI in the multi-brand retail sector takes place. Reason was simple Nifty was stuck in range since long and was not reacting much to global cues no matter it was up or down, we reacted slightly, so mainly we boosted up due to DMK and further boost got from Greece aid.

Well breaking new is – The Govt. failed on Wednesday to persuade the opposition to drop its demand for a vote on a recent decision to allow FDI. A meeting between Parliamentary Affairs Minister Kamal Nath and the main opposition Bharatiya Janata Party (BJP), produced no breakthrough.

Reliance Industries denied allegations of gas hoarding charges in D6 field and seeks verification of its claim by international experts and also sought appointment of international experts to verify its claims, according to reports.

According to Morgan Stanley, things will be different in 2013, year 2012 was all about defensive and quality stocks. "We think that earnings growth is likely to improve over the next 4-6 quarters.”

MARKET OUTLOOK –

So finally we have come to expiry day. So today will be an important day as Nifty just closed above its good resistance 5725. Now FDI will remain in focus and most probably Today & Monday will play a big role for FDI. On expiry day no technical work so just look at market sentiment and joy the ride.

The INDIA VIX on NSE was down 5% and ended at 13.96 and F&O PCR is 0.87.

The rupee gained a bit and traded at 55.45.

FII DERIVATIVES STATISTICS FOR 27 Nov 2012
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY		Difference
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	190174	5380.95	141617	4038.43	467510	12263.61	1342.52
INDEX OPTIONS	455135	13002.40	442029	12610.45	1869460	53563.46	391.95
STOCK FUTURES	379666	10570.05	374353	10430.22	1207823	33440.21	139.84
STOCK OPTIONS	47990	1338.07	50978	1406.06	96385	2685.01	-67.99

FII bought 48,557 contacts worth Rs. 1342.52 Cr. and OI increased by 95,487 contacts. FII went long in Nifty and Bank Nifty.

NIFTY OUTLOOK –

It was a good day, now today is expiry day. Opening seems flat, then market may show strength.

Nifty is just around our range for which we were talking for a long and range was 5548/5585 to 5715/25.

Resistance comes to 5754 - 5781 – 5829 and Supports comes to 5706 - 5679 - 5631 – 5604.

One just need to be cautious at first resistance 5754, Nifty may take U turn from here, if breakout in a decisive way then Nifty will find next big resistance at 5815-5830.

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 can decide stock move either side.)

Apollo Hospitals Enterprises -

CLSA Capital Partners, the alternate investment arm of the Hong Kong-based brokerage firm, is selling its 6.15 percent stake in India's Apollo Hospitals Enterprises

Realty Sector & Infta –

Change in long term outlook - The real estate sector will continue to remain an attractive investment destination with the possibility of prices in residential areas appreciating by 91 to 145 per cent in select cities over the next five years, according to report prepared by Knight Frank.

Keep eye on DB Realty, Peninsula Land & Anant Raj Industries.

GMR Infra –

Maldives Govt. has terminated the USD 500 million GMR airport project. GMR along with its Malaysian partner Malaysia Airport Holding Berhad, had won the contract for developing the Male International Airport during Nasheed's regime and it was the biggest single FDI into Maldives.

Telecom Sector –

Telecom stocks are slowly creeping back into the game. These beaten-down stocks have gained significantly in the last month. BhartiAirtel gained most while Reliance infra increasing significantly.

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 profit if Nifty doesn’t shows strength.

KP IT - @127 for TG 140+ SL 117

Dish TV - @78 for TG 84+ SL 72

DB Realty - @128 for TG 145+ SL 107

Dishman - @118 for TG 130+ SL 107

Jindal Photo - @145 for TG 160+ Updated SL 126 (126 on closing basis, volatility SL 123)

Today’s Pick (Intraday to 1-2 sessions) –

I am trying to start this section but range bound session is not permitting. So today just giving you small details, from next day we will have calls with details.

1.      Reliance Infra – buy around 472 TG 485+ SL 457

Today’s MG Mantra –

Enjoy the volatility.

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.