Good Morning Friends.
Never waste you
life impressing those who do not value you… instead be with someone who can
devalue everyone else just to value you.
For which we were fearing finally
today has taken place. Since past 2-3 days we were expecting that market may go
for profit booking, initially market remain in tight range and after EU market
opening market witnessed sharp decline, and extended its losing streak for 3rd
day.
Also Investors
remained cautious and preferred to take some profits as the RBI may choose to
delay the much sought rate cuts after rising retail inflation.
Some key factors
which lead today’s fall - Global index provider FTSE lowered the weighatage of
index heavyweight ITC in its global equity index series from 75% to 24%. Post
the announcement, shares of ITC plummeted by over 4% dragging the stock to hit
an intra-day low of 292 on the NSE.
RIL, Maruti Suzuki,
Bharti Airtel, ICICI Bank, Bajaj Auto, Tata Motors, are among gainers while
TCS, Infosys, Wipro, NTPC, Sun Pharma, ONGC, NTPC, SBI, Tata Steel, Hero
MotoCorp, ONGC, Bajaj Auto, Tata Motors, Hindalco Inds, M&M were among losers
in Sensex and Nifty.
The Union Cabinet has cleared the
Land Acquisition Bill, making mandatory the consent of 80% of people whose land
is taken for private projects, according to reports.
The bill was given the go-ahead
at the Cabinet presided by Prime Minister Manmohan Singh, says report.
Finally much awaited The
Cabinet Committee on Investment, (formerly called National Investment Board)
has has been cleared by the Cabinet today.
So now need to be cautious at
this point as investors typically sell stocks to cut their losses at
year end.
Wholesale Price Inflation on
- 14 Dec 12
MARKET OUTLOOK –
As told in past 3 MBells and
informed that it seems that market have reached to some kind of a resistance
point, so its not only profit booking but also seems fatigue, so market can face
few more choppy sessions if inflation figure disappoint. Had also warned that
now it seems market is turning to down trend in short term very slowly, so, now
all depend on Inflation no.s & RBI policy.
So if today inflation remains on higher side (i.e. disappoint then
expectation) then market is surely going to test lower levels below 5800 mark
and trading range will shift to 5700-5950. And if inflation figure comes as per
expectation or surprise then it will remain balanced (don’t expect any huge
rally) but yes bank stock will rally. Also remember its Friday. So power of
weakness is more than strength.
The only saviour I see for market to hold is – as y’day
Govt. has cleared The Cabinet
Committee on Investment (formally NIB) and Bill on Urea which give hope that
Govt. can announce few more steps to boost economy.
The INDIA VIX on NSE was up 1.38%
and ended at 14.71 against 14.51 and FNO PCR
is up at 0.87.
The
rupee shown a bit weakness and closed at 54.46 against previous close 54.32.
S&P 500
(US) were trading at 1422 down 6.09 points at the time of writing Morning
Bells.
FII DERIVATIVES STATISTICS FOR 13 Dec 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
|
27514
|
813.14
|
39336
|
1162.97
|
415430
|
12053.08
|
-349.83
|
INDEX
OPTIONS
|
503975
|
14848.79
|
510315
|
15054.46
|
1564037
|
45818.74
|
-205.67
|
STOCK
FUTURES
|
45054
|
1318.75
|
64896
|
1955.36
|
1151650
|
32817.54
|
-636.61
|
STOCK
OPTIONS
|
53120
|
1507.22
|
53731
|
1521.64
|
73362
|
2001.82
|
-14.42
|
FII sold 11,882 contracts worth Rs. 349.83 Cr.
and OI increased by 8,250 contracts signalling that FII created fresh shorts in
Nifty & Bank Nifty.
NIFTY
OUTLOOK –
As expected profit booking seen in Index and main
indices continuously on 3rd day. Now investors will keep close eye on
Inflation figure on 14th and then RBI Monetary policy review on 18th.
Investor will also look for more steps to boost the economy.
So for short term view Nifty seems in the range of
5785 – 6000. For FNO watch 5835 as SL and for Equities watch 5785 as SL because
for mid-term trend is still buy on dips.
The pattern Nifty is forming is in favour of bulls
and can surprise (6000 or 6040) if it hold 5835 till RBI policy, so it it need
sentimental support in terms of policy reform, inflation figure, RBI outcome.
Resistance comes to 5892 - 5932 – 5958 - 6009 and
Supports comes to 5835 – 5800 - 5785.
Opening seems subdued ahead of inflation
figure announcement.
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.)
Banks –
Credit ratings agency Moody's
lowered the rating outlook of Punjab National Bank , Bank of Baroda and Canara
Bank from stable to negative on account of rising bad loans.
Realty, Infra & Power –
Now Infra to boost as much awaited
The Cabinet Committee on Investment, (formerly called National
Investment Board) has has been cleared by the Cabinet today.
Coal & Minings –
NMDC
-
Floor Price of Rs147 per equity share for the Sale in terms of the OFS
Circular. If it comes around 150 level then it will remain under performer for mid
term.
Coal India Limited -
From the energy security point of
view Government has encouraged acquisition of coal assets abroad. Accordingly,
Coal India Limited (CIL) has taken initiatives to acquire coal assets abroad
through its Coal Videsh Division.
Auto
Sector –
Tata Motors -
TM rocked today on Jaguar No.s
The Board of Directors of Tata Motors
today announced the appointment of Cyrus P. Mistry as the Chairman of the
Board with effect from December 28, 2012, on the retirement of Ratan N.
Tata.
As had suggested in the beginning of this week
for 289 and TM reached to suggested level of 287-289.
============
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.
DB
Realty - @128 for TG 145+ SL 107 (plz book
profit above 140)
Dishman
- @118 for TG 130+ SL 107
Jindal
Photo - @145 for TG 160+ Updated SL 126 on
closing basis. (Not performing as per
expectation and now need to exit today)
DB
Corp – @219 TG 240+ SL 201 (1-4 Week)
Tata
Steel – @402 SL 394 TG 415+ - (SL hit, booked loss of 6Rs)
============
INVESTMENT BASKET ============
(Stock in this section is with view of 3
months to 1 year)
Mahindra
Holiday – @334 TG 375+
Satyam
Computer – @103 TG 130+
============
TODAY’S PICK ============
(Intraday
to 1-2 sessions) –
For more update – stay on blog during market
hours.
Today’s
MG Mantra –
Don’t fall under excitement, read market
outlook and Nifty outlook carefully – and act as per suggestion, you can make
huge profit in 3 days.
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.