30.11.2015 Monday Market closing Note

Ahead of RBI meeting and GDP Growth figures announcement, Nifty traded in narrow range with volatility. Nifty opened in gape up and closed at 7935. Turnover in cash segment in NSE was surged to 29,500 crore INR against 16,200 crore INR on friday.

Throughout November'2015, FII's relentlessly sold equity in Indian stock Market, which was accelerated in today's session. FII's net sell was 1000 crore INR (friday's net sale of Rs 500 Crore INR). Throughout, November'2015, DII's were net buyers in equity. In today's session also DII's net buying in equity was 600 Crore INR

NSE, USD -INR future closed slightly below 67. INFOSYS (INFY) gained 2% and closed above its 200D SMA & 20D SMA with volume. Next Logical price target for stock is 1115 ( 50 Day SMA) with a support at 1070. Rcom also had a volatile session and after touching intra day high at 78.30, stock price closed 2% higher at 75.60 with volume. Bosch tried to come out of 17000-19000 range but after making intraday high of 19075, it finally closed 0.75% down at 18721. Pharma stocks had mixed session. Wockhard and Glenmark pharma closed with handsome gain whereas SUNPHARMA could maintain its 730 level and DRREDDY closed flat at 3110. Rate sensitive - Auto and Banking sector stocks had volatile session. but closed with slight positive bias. Future retail, RattanIndia Power, Welspun corp closed on handsome gain.

Tomorrow's market session will be driven by today's GDP figure and RBI's action. 
India VIX closed in RED and ADR is more than 1, indicates internal strength in stock market. 

Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

Written Date :- 30.11.2015 Monday  22:25 hours  IST

27.11.2015 Friday closing Note

Written Date :- 27.11.2015 Friday Closing Note 16:00  to 16:10  IST

Nifty50 opened in gape up at 7910. Nifty50 Morning session move was fueled by political news flow- that is PM has called meeting with congress leader for passing of GST. Thereafter, news flow on Chinese currency front .made market nervous and after touching 7950, Nifty50 slipped below 7900 and then again surged above 7950 and after making day's high at 7959, finally closed at 7942. INDIA VIX was also flip-flopped from RED to GREEN to RED and finally closed in Green. Similarly, NSE ADR also opened at more than 1, then slipped below 1 and finally closed marginally above 1. Both  together indicates  Neutral view for NIFTY for opening on MONDAY.

USD INR December future made high at 67.02, and at the time of writing this post it is trading above 67. This USD strength was helpful for IT major TCS and INFY to recover from its day's low. From today's movement it seems that. in Monday's session- INFY will test its 200 day SMA of 1072 and most probably will close above it. If that will happen INFY will be eligible for medium term buy for target of 1100. However, one should not get excited and have a patience. Welspun Corp maintained its gap up opening level of 100+. Stock made a high of 110 above its 50 DAY SMA of 107.70, but slipped back thereafter and finally closed at 108.25 on NSE. After 2 day's run RCOM consolidated in today's trade and closed at 0.3% down on NSE.  Bosch opened in a upward gape and after testing its immediate resistance of 19000, slip back to 18800 level and throughout session hovered around it, finally closed 2.5% higher at 18900. For breaking out of its current trading range of 17000-19000, stock needs to give decisive close above 19000 with volume. As indicated in morning note, Pharma stocks were quite in today's trade. Reliance Industry also witnessed some profit booking after its one sided move from 910 to 990. stock finally closed at 0.9% down at 979 level. Banking stocks and Bank nifty were star performer of the day. Bank Nifty finally closed at 1.9% higher. Metal stock also witnessed some buying and metal Index were closed 1.2%. Needless to repeat that with 10% gain Welspun Corporation was leading the Index, followed by Jindal SHOW which gained 5%. Hindalco gained 3.5% and closed at 77.75.

After week-end, Monday Morning session will be guided by POLITICAL development on GST and Global cues.


All the Best . Happy Week-end

Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

27.11.2015 FRIDAY. MORNING post

Written Date :- 27.11.2015 FRIDAY. MORNING 10:14 to 10:30 AM  IST

It seems that GST Bill will be driving force of today's session. As per news, PM has invited opposition leaders for meeting and market is excited. Nifty opened in Green and Trading in green. India VIX is also trading in RED and ADR of NSE also opened at more than 1 and continues to improve thereafter. If consensus reached then GST will be a sentimental booster for market. Now 7950 is next resistance for NIFTY, if it will overcome then 8000 is a psychological barrier.

 Except Nifty FMCG Index, all other sectoral Indexes are trading in green leading by Bank Nifty & Nifty FIN service Index, and Nifty METAL Index which are trading at 1% higher.  Bosch is showing some strength today. After yesterday's DOJI candle on Daily chart, it opened in upward gape and trading in Green. SunPharma is hovering around yesterday's close. DRREDDY is also trading at minor loss. With Banking stocks and logistic stocks are at main focus, movement in Pharma stocks likely to remain in sideline. Yesterday. there was news flow that WELSPUN CORP received huge order from US and stock is trading at 108 - 10% up. Aviation stocks - INDIGO is trading flat whereas spicejet is 1% down mainly on account of profit booking.



Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

26.11.2015 THURSDAY Market closing note

Written Date :- 26.11.2015 Thursday 16:10 to 16:30 Hours  IST

Nifty opened in slight gape up at 7837 and most of the session hovered around 7880. through out the session, INDIA VIX remained in GREEN. Whereas  through out the session ADR in NSE kept deteriorating from 1000+/300+ in opening to to 849/534 at close. INDIA VIX and ADR both together shows neutral view for tomorrows trade.

Based on global clue and GST development, if NIFTY manages to open above 7900 then 7950 is immediate resistance and if opens below 7900 then 7850 is immediate support.

BOSCH today closed slightly higher than its opening level of 18400. SUNPHARMA was up today, mainly due to expiry bounce( in NOV series stock lost 16%) Another pharma major Dr. REDDY lost 8% in today's session alone. US FDA issued detail warning letter wherein it was said company has not taken sufficient  corrective action. RCOM opened in gape up and throught out session traded in GREEN and closed at 5% higher. In IT pack, INFY and TCS moved in opposite direction to each other. INFY closed up by 0.8% and TCS closed down by 0.8%. LUMAX AUTO announced its plan to enter into manufacturing of parts of defense aerospace through JV and operation to be started in FY 2017. Stock reacted positive and closed 10% higher at 370.

In December, US FOMC meeting on rate hike and Chrismas holidays and rising level of terror threat during  biggest festival season in EUROPE and US, will keep a shadow of caution on volume in stock market.

Happy Weekend


Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

26.11.2015 Thursday MORNING post

Written Date :- 26.11.2015 Thursday MORNING 10:15 to 10:30 AM  IST

Nifty opened in little gape up and in first hour trade tested 7880 and after making high of 7885 is trading slightly below 7880. VIX is trading in Green. Advance Decline ratio is positive. Together Both these two show neutral view for future movement of Nifty. Today is November series expiry. All Nifty vectorial Indexes are trading in Green, Banking and financial index leading with 0.5% gain.
In pharma index today SUNPHARMA is taking leadership with highest gainer amongst all Nifty stocks. Whereas Dr. Reddy has slipped 6% on account of US FDA detailed warning letter. BOSCH is trading in RED. RCOM has reacted positive to its tower business sell story on ET NOW and opened in gape up and was at 74 i.e.4% up at the time of writing of this post.

From today, Parliament winter session is starting and political news flow on GST bill and Global news flow from US FED on rate hike will be two major driving force for market movement during December.



Disclaimer :-
This blog is for sharing information regarding the equity market. Writer of blog may have position in equity and derivative market as per his own risk profile and market condition. Readers of this blog page are requested to consult their financial adviser before acting on the information provided here.Writer may have discussed similar thing with friends in group. 

24.11.2015 Tuesday Market closing note

As expected, market remained in tight range. Nifty made lower Bottom Lower high. Infy & TCS both closed at 1% down. Through session Indigo consolidated at 1050 and then sudden breakout at 1080 level. SPICEJET made high @ 72 but closed flat at 69. RCOM was up by 6% closed at 71. Jubilant food closed @ 1526 (4,2% up). GMR Infra was up by 5% closed at 14.89.  Indiabull Power or RTN POWER regained its level of 10- closed at 10.34 (up by 5%). Lanco Infra (LITL) was up by 20% ( Buyers circuit -means there was no seller for the stock since morning). Metal stocks continued to show weakness, except Jindal steel which closed up by 3%.

After initial gap down opening & lower spike @ 18200,  BOSCH consolidated at 18500, but at the end of session breached 18500 level and closed @ 18435.

Nifty current month (November 15) future was traded in discount during some part of the day, but finally managed to close in Premium. INDIA VIX closed in RED, ADR is more than 1, and Nifty Nov series put option maximum OI at 7800 strike all together indicates that on Thursday trade NIFTY  will hold 7800 level. Nifty unlikely to close above 7900 on Thursday (Highest OI of call option is at 7900 strike).


Disclaimer : Writer may have own position in market and may have discussed similar thing with friends in group. Before acting on the information here, please consult your financial adviser.

24.11.2015 Tuesday early hour post

Nifty opened  low and broken yesterdays low and pulled back to 7850. INDIA VIX is trading in RED and Advance-Decline Ratio is positive, indicates that Nifty may test 7880 sometime during day and if sustain above 7880 then 7925 is immediate level to watch. Looking to tomorrow Holiday and Thursday expiry, Nifty likely to remain in 7850 to 7900 range through out the day. Yesterday and day before yesterday BOSCH.made two DOJI in a row on chart and today it is leading the list of NIFTY losers by 2% down after opening in. downward gape. Bouncing back after making low of 18200 Today in first hour 12000+ shares ( Yesterday full session volume was 13000+.) already traded, so today's price movement has volume support. Today's closing level to be watched. IT stocks and TCS are showing sideway movement. USD Nov future is down by 0.12%. Most probably one more lackluster day. Ideal for trading with large volume. Happy Trading.

market-23.11.2015-monday closing notes

During through out trading session on 23.11.2015-Nifty remained in tight trading range of 7825 to 7875.  Advance -Decline Ratio is positive and India VIX remained in Green throughout session and closed in Green. Volume is ok. Together all these, indicates "neutral view" Metal stocks were down in today trade. Some mid-cap IT software stocks were in lime light.  Wednesday will be holiday on account of GURU NANAK JAYANTI and Thursday will be Expiry day for November contract on NSE. Some decision on BOND Rate is pending at FOMC level. INDIGO stock has first time seen some profit booking after listing. Today it was down by 5% and closed below 1050 level. Whereas, Spicejet was up by 6% and closed above 65 level. TCS and Infy were up in morning trade but gave up that gains in afternoon session. In fact TCS closed within 0-2% vicinity of its 52 week low. IT index closed flat. SunPharma was worst performing amongst Nifty Pharma Index. Looks likes it is heading towards 680.

Disclaimer : Writer may have own position in market and may have discussed similar things with friends in group. Before acting on the information here, please consult your financial adviser.