20 th June, Diff to 200 DMA. P. Change 200 DMA. % diff to 200 DMA 50 DMA

Transcription

1 GLOBAL MARKETS Indices Close P. Close Change % Change Diff to 200 % diff to 200 BSE Sensex Nifty Spot Nifty Futures Dow Jones Nasdaq FTSE DAX H.S.I Nikkei Shanghai Positive Negative Unchanged KEY NOTES MARKET OUTLOOK - TECHNICALLY SPEAKING + INTRA DAY VIEWS High volatility continued to drag market to new weekly on fear of default in payment of Government bonds by Greece, Ireland and Portugal. Nifty made a low of 5356 (Our support was at 5354) after opening at 5412 made a high of 5421 (Our resistance was at 5433) to close at 5366 (closed above our support of 5354). Nifty again closed below 5400 for the second consecutive day. Nifty future traded with low volume of 1.33 crores it made a low of 5361 (Our support was at 5351) after making high of 5425 (Our resistance was at 5418) to close at 5380 (Closed above our support of 5377) at a premium of Rs. 14 with Nifty Spot. Volume in cash segment was lower than previous day s volume. Turnover for Cash segment was at Rs. 9,591 crores against Rs. 10, 881 crores on previous day. While In F&O segment Turnover was at Rs. 1, 00,173 crores against Rs.1, 22,990 crores on previous day which was lower by % in cash segment and by 22.77% in F&O segment. Open Interest in Nifty future stood at 4.86 lacs contracts showing a rise of 0.82% over the previous day. Heavy buildup was seen in OI for 5300 CE and 5300 PE. In cash segment, Rs 391 Cr selling was seen by FII and Rs 35 Cr selling was seen by DII. As discussed yesterday, Weak closing of Nifty spot below 5400 was a trigger for the market to fall further. Today, Nifty spot have broken crucial long support at 5374 in closing (23.60% of long term retrenchment from ). While Nifty future is closed above 5376 (which is 23.60% of long term retrenchment from ). Closing below 5376 in Nifty future can head market to test near monthly low of There is formation of rounding top in daily chart of Nifty spot which can drag nifty to test 5328 (marked as A ) level in coming week unless closes above For Intraday trade Nifty future can test 5387 and 5408 which are 2 and 3 respectively. Sell Nifty future around 5389 sl 5416 tgt Buy Nifty future above 5416 tgt 5452.

2 SUPPORT & RESISTANCE LEVELS SECTORS TO WATCH Nifty Spot support of Resistance Nifty Future support of Resistance at Bank Nifty support of Resistance at CNX IT support of Resistance at Bullish Sector : Banking Bearish Sector : IT, B STOCKS TO WATCH (FUT) Bullish stocks : Indusind Bank, ICICI Bank, Axis Bank Bearish Stocks : REC Limited, Infosys, TCS DAILY CANDLESTICK CHART OF NIFTY

3 SUPPORT AND RESISTANCE LEVELS FOR 60 MAJOR F&O STOCKS Sector Short Name Close S2 S1 Pivot R1 R2 Oil & Gas ABAN Engg ABB Cement ACC Power ADANIPOWER Pharma AUROPHARMA Banking AXISBANK Automobile BAJAJ-AUTO Sugar BAJAJHIND Forging BHARATFORG Tel comm BHARTIARTL CG BHEL Textile CENTURYTEX Power CESC Pharma CIPLA Electrical CROMPGREAV Pharma DIVISLAB Realty DLF Pharma DRREDDY Oil & Gas GAIL Shipping GESHIP Shipping GTOFFSHORE Finance HDFC Banking HDFCBANK Realty HDIL Aluminium HINDALCO FMCG HINDUNILVR Banking ICICIBANK Banking IDBI Infra IDFC Finance IFCI IT INFOSYSTCH Oil & Gas IOC Fmcg ITC Airways JETAIRWAYS Steel JSWSTEEL Airways KFA Banking KOTAKBANK Finance LICHSGFIN

4 Sector Short Name Close S2 S1 Pivot R1 R2 Diversified LT Automobile M&M Automobile MARUTI Oil & Gas OIL Oil & Gas ONGC Petrochemical PETRONET Tel comm RCOM Finance RELCAPITAL Diversified RELIANCE Infra RELINFRA Sugar RENUKA Steel SAIL Banking SBIN Iron Ore SESAGOA Engg SIEMENS Copper STER Automobile TATAMOTORS Steel TATASTEEL IT TCS IT TECHM Cement ULTRACEMCO IT WIPRO

5 Disclaimer: This document is not for public distribution and has been furnished to you solely for your information and may not be reproduced or redistributed to any other person. The manner of circulation and distribution of this document may be restricted by law or regulation in certain countries, including the United States. Persons into whose possession this document may come are required to inform them of, and to observe, such restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. No person associated with CPR Capital Service ltd is obligated to call or initiate contact with you for the purposes of elaborating or following up on the information contained in this document. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Neither CPR Capital Service ltd, nor any person connected with it, accepts any liability arising from the use of this document. The recipient of this material should rely on their own investigations and take their own professional advice. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. We and our affiliates, officers, directors, and employees world-wide, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or may perform or seek to perform investment banking services for such company(ies) or act as advisor or lender / borrower to such company(ies) or have other potential conflict of interest with respect to any Suggested Weight age and related information and opinions. The same persons may have acted upon the information contained here. No part of this material may be duplicated in any form and / or redistributed without CPR Capital Service ltd s prior written consent. No part of this document may be distributed in Canada or used by private customers in the United Kingdom. In so far as this report includes current or historical information, it is believed to be reliable, although its accuracy and completeness cannot be guaranteed. For Further Communication/ Queries us at Pradip Shah, VP-West Zone at pradip.shah@cprtrade.com