S2 M Market Ou utlook 23rd Dec D 2014 MARKETS IN G GOOD CHEEER; CNX IT MAY ALSO CA M ATCH UP AFFTER SMALL CORRECTIO ON; DIPS SHO OULD BE BO OUGHT IN NIIFTY AND BA ANK NIFTY; N NIFTY SUPPO ORT COMES A AT 8200, MINOR RESISTA ANCE AT 835 50. • • • Up move continues in i Bank Niffty. Prices have h seen a big up movve today annd closed att its day higgh. Prices a the verge of making new life tim me highs. T Trend is up in i this sectoor and we shhould be loo oking for are now at a buying opportunityy. Prices aree moving tow wards the taarget near 18895. Stop for that trad de comes att 18400. t very choppy todday and clossed at its daay high. Treend is very strong on upside. u IT Stocks are CNX IT traded giving uss a buying opportunityy. The sectoor has com me out from m a deep coorrection so o this up move m may continue for f some m more time. Loook for a buuying opporrtunity in thhis sector. Short Terrm Trend iss now up in FMCG Secctor. Pricess are tradingg inside a laarge tradingg range, findd support at the boottom of thee rally and d moved upp from therre. As of now, ITC, H HINDUNIL LEVER andd ASIAN PAINT are the outperformer inn this sectorr. Prices haave seen a correction c inn these stoccks. That correction t in seems over as pricess are findingg support att lower leveels. Look foor buying inn these stockks. Avoid trading a BATAINDIA, GODR REJIND, MCLEODRU M USS and TA ATAGLOBAL. rest of thee FMCG Stoocks such as SCRIP LTP DESCRIPTION Asian Paints 746 Intermediate Trend is up in ASIANPAINT. Prices have seen a mild correction. That correction seems over as prices are finding support near 730 from last 4 trading days. Buy this stock above 750. If this trade executes then place your stop just below 735 and a target near 780. Maruti 3387.60 MARUTI is consolidating from last 2 months at its top of the rally. Prices are trading inside a range 3250 – 3430. Prices are now at the verge of breakout and we may see an upside move in this stock. Buy this stock above 3395. If this trade executes then place your stop just below 3355 and a target near 3495. Mindtree 1234.25 Trend is up in MINDTREE. Prices are consolidating inside a range 1165 – 1215 from last 2 weeks. That range has seen a breakout and prices have closed above to this range. Buy this stock above 1240. If this trade executes then place your stop just below 1220 and a target near 1280 Wockpharma 929.05 Trend is up in WOCKPHARMA. Prices have seen a sharp correction and made its low near 870. After that prices started trading choppy and narrow. We may see a breakout from this narrow price action. Buy this stock above 945. If this trade executes then place your stop just below 915 and a target near 1005. Markets are in an uptrend, which tell us not to go short. This letter has been consistent in its advice to stay on the long side of the market. Always, go with the flow. . FII/DII Data • • • • FIIs net Buy 1.06 Bln rupee shares in Index Future FIIs net Sell 0.63 Bln rupee shares in Stock Future FIIs provisionally net Sell 3.35 Bln rupees shares DIIs provisionally net Buy 3.89 Bln rupees shares Corporate & Economic News • • • • • • • GMR-Megawide Cebu Airport Corporation (GMCAC), a joint venture between GMR Infrastructure (40% shareholding) and Megawide Construction Corporation (60% shareholding), has signed financing documents for its Mactan Cebu International Airport (MCIA). Suzlon Group firm Senvion SE has bagged orders worth over Rs 420 crore for setting up wind power projects having nearly 64 MW capacity in the UK. The irrigation and water divisions of Hyderabad-based infrastructure company, IVRCL Limited, has bagged orders aggregating Rs 1,255.67 crore. These include a Rs 1,022.58-crore order from Karnataka Neeravari Nigam Limited for the Tubchi-Babaleshwar lift head works under the lift irrigation scheme, which aims at providing water from Krishna river for the development of drought-prone areas of Jamakhandi, Athani and Nijapur talukas in Karnataka. BHEL has bagged a Euro 16.96 million contract for a thermal power project in Turkey Orchid Healthcare Private Limited, promoter group company of Orchid Chemicals and Pharmaceuticals Ltd (OCPL), has picked up 1,48,09,801 equity shares for Rs 73.73 crore in OCPL on preferential basis. Grasim, the men's lifestyle brand of the Adiya Birla Group, is targetting to scale up its presence in tier II and III cities to drive future growth. Housing Development Finance Corporation (HDFC) today informed the exchanges that they have agreed to sell up to 1,89,51,361 equity shares of Rs 10 each of HDFC Standard Life Insurance Company Limited HDFC Life) to the Azim Premji Trust at a price of Rs 105 per share. Source: Business standard, Economics times Corporate Actions Symbol ORBITCORP INFODRIVE CTE AMTEKINDIA Purpose Ex-Date Purpose Ex-Date AGM Face Value Split (Sub Division) - From Rs 10/- Per Share To Re 1/- Per Share AGM AGM / Final Dividend - Re 0.10/- Per Share 23-Dec-14 24-Dec-14 AMTEKAUTO AHMEDFORGE Symbol AGM / Final Dividend - Re 0.50/- Per Share AGM / Final Dividend - Re 1/- Per Share 24-Dec-14 24-Dec-14 24-Dec-14 24-Dec-14 RSYSTEMS Fourth Interim Dividend 26-Dec-14 BOARD MEETINGS Scrip Name Purpose Meeting Date Scrip Name Purpose Meeting Date NTPC Scheme of Arrangement 23-Dec-14 COUNTNDEN General 25-Dec-14 LUMITECH General 23-Dec-14 JINDALPHOT Scheme of Arrangement 29-Dec-14 CUB General 24-Dec-14 JINDALPOLY Scheme of Arrangement 29-Dec-14 STARLITE General 24-Dec-14 BAJAJFINSV Quarterly Results 14-Jan-15 HESTERBIO General 24-Dec-14 BAJFINANCE Quarterly Results 14-Jan-15 BAJAJ-AUTO Quarterly Results 15-Jan-15 BAJAJHLDNG Quarterly Results 15-Jan-15 Private circulation only: Disclaimer; the recommendation made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. Readers using the information contained herein are solely responsible for their actions. The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of act or opinion. Analysts may or may not have trading or investment positions in the securities mentioned herein.
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