Intraday calls

[n_arvind2000]

RBI slashes repo rate by 25 bps to 7.75 per cent with immediate effect...

 

[n_arvind2000]

Rico Auto Industries promoter, Mr Arvind Kapur, has released pledge on 1 crore shares which represents 7.39% of the equity.

Action to be taken: Long Rico Auto
Stop loss : 42.5 Target : 44.7 - 45.8

 

[n_arvind2000]

RBI cuts repo rate by 25 bps : positive for banking sector ( SBI, ICICI, PNB, BOB etc) and NBFCs ( Bajaj Finance , LIC Housing etc)

The RBI has reduced repo rate by 25 bps to 7.75% ( from 8 % earlier) with immediate effect. RBI also indicated that it is open for further easing in future as inflation may be below 6% levels in Jan 2016. This is significant positive for banking sector ( SBI, ICICI, PNB, BOB etc) and NBFCs ( Bajaj Finance , LIC Housing etc). It is also positive for other interest sensitive sector ( consumer discretionary , automobile and Real Estate sector).

 

[n_arvind2000]

16th Jan 2015, Analysis:

Indian Stock Market to open gap flat with positive bias for the day.

India saw 10 month low trade deficit that would give further fuel to the positive movement in the market. Indian Giant like Reliance Industries, Axis Bank and Wipro would disclosed its quarterly results today that would affect the Indian Stock Market direction.

Some profit booking can be seen today in the market due to oil price worries.

Traders should trade long at every dip as overall market is positive. FIIs were net buyers of Rs.1738.24 crores whereas DIIs were net sellers of Rs.527.27 crores on Thursday.

Nifty would see strong support at 8427-8380 levels whereas strong resistance would be seen at 8525-8560-8630 levels.

Important Results to be Disclosed today: AXISBANK, DHFL, INOXLEISUR, NIITLTD, OBEROIRLTY, RELIANCE, WIPRO.

NSE Nifty: (8494) The support for the Nifty is at 8427-8380 and the resistance to the up move is at 8525-8560-8630 levels.

NSE BankNifty: (19236) The support for the BankNifty is at 19075-18920-18750 and the resistance to the up move is at 19520-19740-19880 levels.

BSE Sensex: (28076) The support for the Sensex is at 28000-27920-27700 and the resistance to the up move is at 28290-28540-28820 levels.

 

[n_arvind2000]

Indian patent office rejects patent on Hepatitis C Drug Sovaldi; positive for Natco Pharma
Action to be taken: LONG Natco Pharma

Stop loss : 1445.4 Target : 1520-1535

 

[n_arvind2000]

19th Jan. 2015 Analysis:

Indian Stock Market to open gap positive with 20-50 points for Nifty. Indian Stock Market is still in positive trend. Traders should trade long at every dip as overall market is positive. FIIs were net buyers of Rs.1099.93 crores whereas DIIs were net sellers of Rs.716.91 crores on Friday.

Nifty would see strong support at 8500-8427-8380 levels whereas strong resistance would be seen at 8560-8630-8700 levels.

Important Results to be Disclosed today: HINDUNILVR, HINDZINC, IBULHSGFIN, MINDTREE, TATASPONGE.

NSE Nifty: (8514) The support for the Nifty is at 8500-8427-8380 and the resistance to the up move is at 8560-8630-8700 levels.

NSE BankNifty: (19223) The support for the BankNifty is at 19075-18920-18750 and the resistance to the up move is at 19520-19740-19880 levels.

BSE Sensex: (28122) The support for the Sensex is at 28000-27920-27700 and the resistance to the up move is at 28400-28540-28820 levels.

 

[n_arvind2000]

20th Jan. 2015 Analysis:

Indian Stock Market to open positive with 10-30 points for Nifty. Technically, Indian Stock Market is still in positive trend.

Traders should trade long at every dip. Market is consolidating in a rangebound region but now we would see a sharp movement in either direction in a day or two. FIIs were net buyers of Rs.433.72 crores whereas DIIs were net sellers of Rs.237.71 crores on Monday.

Nifty would see strong support at 8500-8427-8380 levels whereas strong resistance would be seen at 8600-8630-8700 levels.

Important Results to be Disclosed today: JINDALSAW, KOTAKBANK, RALLIS, SOUTHBANK.

NSE Nifty: (8551) The support for the Nifty is at 8500-8427-8380 and the resistance to the up move is at 8600-8630-8700 levels.

NSE BankNifty: (19406) The support for the BankNifty is at 19280-19075-18920 and the resistance to the up move is at 19520-19740-19880 levels.

BSE Sensex: (28262) The support for the Sensex is at 28190-28000-27920 and the resistance to the up move is at 28400-28540-28820 levels.

 

[n_arvind2000]

Government is exploring to deregulating urea, scrapping import duty: Positive for Urea manufacturer like Chambal Fertilizer, RCF, NFL, SPIC, Tata Chemicals and Madras Fertilizer

As per media reports government is considering deregulating MRP of urea which is fixed at Rs5360 (increase by 16.5% since FY2000) lower than its cost of production. Also considering, scrapping of import duty on urea which is around 5% to check subsidy cost. As per deregulation government is planning to raise price of urea by 20% each year for next 3 years.

 

[intime]

any itraday recom for tommorow from A group scrip

 

[intime]

Is momentum generated in metal stocks ? Today many metal stocks were firing