Good Morning
Friends.
Expect more
from yourself than from others because expectations from others can hurt you a
lot while expectation from you inspires a lot.
After rallying for
three days in a row, profit-booking gripped the indices today. Traders are
adopting a cautious stance ahead of the April industrial productivity data
expected on Friday.
Gainers –
Punjab National Bank,
HCL Technologies, Ambuja Cement, State Bank of India, Reliance Infrastructure,
Bank of Baroda, Tata Consultancy Services and Ultra Tech Cement were
among the major gainers.
Losers -
Jindal Steel, Asian Paints, Sun Pharmaceuticals, NMDC,
Axis Bank, SesaGoa, Cipla and Ranbaxy were among major losers.
Sectoral –
The healthcare, metal, realty and consumer durable stocks
were the major laggards in trade today.
Domestic
Front –
Global
Front –
US Jobless Claims-
The number of Americans filing new claims for
unemployment benefits dropped to its lowest level in nearly 5-1/2 years last
week, signaling labor market resilience in the face of fiscal austerity.
Initial claims for state
unemployment benefits fell 4,000 to a seasonally adjusted 323,000, the lowest
level since January 2008, the Labor Department said on Thursday.
Claims for the prior week were
revised to show 3,000 more applications received than previously reported.
Economists polled by Reuters had expected first-time applications to rise to
335,000 last week.
US stock index futures pared
losses on the report, while Treasury debt prices trimmed gains. The dollar
trimmed losses against the yen.
The third straight weekly decline
in claims pushed them further below the 350,000 mark, which economists normally
associate with a firming labor market.
Claims are showing no sign of a
pick-up in layoffs even as other parts of the economy such as manufacturing
start to show strain from tighter fiscal policy.
===================== MARKET OUTLOOK =====================
No outlook today,
lets see how market reacts, as today is big even and its Friday too.
The
INDIA VIX on NSE was down 0.95% and
ended at 16.60 against previous close of 16.76.
FNO
PCR was 1.09 against previous close XXX.
Indian Rupee – Rupee lost 9 paisa and was trading at 54.25 against its previous
close of 54.16.
S&P 500 (US) was trading at 1631.15 down 1.54 then its
previous close at the time of writing M Bells.
RESULT CALENDER –
======================= NIFTY OUTLOOK
========================
No outlook.
Opening – Seems a bit positive or flat, then will be holding its
breath till March IIP.
======================== 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.)
TM
As per expected
lines, TM reached from 286 to our Part profit booking range of 302-305, TM
exactly decline from 305. Then it was also expected that from 305 it will close
below 301 which also proved true. Now if IIP is not disappointed then we can
see TM in the range of 306-312 which is no trade or no guess zone.
Importantly TM
270PE is not reacting much to movement in TM, its hovering in the range of 50
paisa which means people are still expecting TM to fall below 290 level, lets
see.
After Mahindra and Mahindra , Tata
Motors is also looking to redefine its sport utility vehicle portfolio as
government continued on its stance of levying additional excise duty of 3
percent on certain type of SUVs.
According to the Budget 2013-14,
SUVs will be charged additional tax on three parameters. Vehicles above 4
metres or above a ground clearance of about a 170 millimetres and having an
engine capacity of 1.5 litres would be subject to the excise duty hike.
Tata Motors spokeperson informed
that the company had taken the SUVs issue in hand and will, going forward, look
at reducing the overall cost of ownership of the vehicles by giving a better
mileage.
Junilant Foodworks’
The Jubilant
Foodworks' stock lost over 7.5% at Rs1,014. The company posted a Q4 FY13
net profit of Rs327.11mn as compared to Rs293.32mn in the same period last
year.
Ranbaxy-
Ranbaxy declined
1.3% to close at Rs438 per share after the company’s Q1 CY13 net profit
declined 91.52% at Rs70.15 crore as against Rs827.23 crore in the corresponding
period last year.
PNB-
The Punjab National
Bank stock shot up by over 4.5% after Q4 FY13 non-performing loans at the
state-owned lender increased 4.27% from 2.93% a year ago. It reported a 20.6%
fall in net profit at Rs11.3 billion as against Rs14.2 billion year-on-year.
Net interest income surged 14.2% during the quarter.
Asian
Paints-
Asian Paints
dripped 3.7% to close at Rs 4,673 after Q4 FY13 net profit saw a 2.06% fall at
Rs239.56 crore.
Union
Bank-
Union Bank of India
gained 1.3% at Rs 242 today after the bank's Q4 FY13 net non-performing assets
to net advances decreased 1.61%.
====================
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.
TV18
– Bought @28.5 TG 34+ SL 25.5 (Qty 1K)
DLF
250CE – Bought @4.25 TG 7.5+ SL 2.5 (Qty 1
Lot)
===============
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 56,050)
May 2013 - +3000
Billionaire
Club from Jan 13 to April 13 (Total 1,10,950)
May 2013 - +6000
Today’s
MG Mantra –
Nifty spot trend declining level is
6070, major resistance 6100, 6130, major support 6030, 5990
============
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Have a Profitable day – MG
