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Wednesday, August 5, 2015
DAILY RECOMMENDATION
POSITIONAL CALL FOR 3-4 DAYS.
TREND BREAK OUT FUT CALL: BUY DLF [4LOTS] AROUND 123-124, SL 120, TARGET 132, CMP 123.70.
ROCKET CASH CALL: BUY MARKSANS PHARMA AROUND 98-100, SL 95, TARGET 110, CMP 95.50
NATIONS NIFTY [5LOTS] FUT CALL: BUY NIFTY FUT AROUND 8670, SL 8600, TARGET 8850, CMP 8609
www.adamcapitalfinancial.com. +91 9743615104
NIFTY OUTLOOK 5TH AUG, 2015
Nifty (8516.90, -26.15, -0.31%)
While the markets are showing marginal weakness in Asia and the US market closed a little weak, the SGX Aug Nifty is trading with a gain of 7.50 points at 8543.50 albeit on low volume as we write this Market Outlook. Today, unless the Nifty is able to take out 8569 through 8574 resistance zone, we expect it to show some bit of weakness in that it would attract selling at higher levels. On the other hand, so long as the index does not fall below 8452 through 8448 support area, it would not be bearish either.
While the markets are showing marginal weakness in Asia and the US market closed a little weak, the SGX Aug Nifty is trading with a gain of 7.50 points at 8543.50 albeit on low volume as we write this Market Outlook. Today, unless the Nifty is able to take out 8569 through 8574 resistance zone, we expect it to show some bit of weakness in that it would attract selling at higher levels. On the other hand, so long as the index does not fall below 8452 through 8448 support area, it would not be bearish either.
- Most critical zone for the day: 8545 – 8569 - 8574
- Strong supports: 8495 - 8483
- Major support: 8552 - 8548
- Strong resistance: 8569 - 8574
- Major resistance: 8635 – 8659
Bank Nifty (18972.60, +57.90, +0.31%)
There is a bit of indecision among the bank bulls in the face of emerging supplies at higher levels especially after a strong rally in the PSU banks. Now, either it takes out 19065 or it falls sustainably below 18765 to give us a directional move; in between—within the 300-point zone—it would behave like a range bound counter. If it trades for most of the day within this 300 point band and then takes out the upper boundary it would just be that after a pause it is breaking out on the long side to scale up higher levels else if the opposite happens in that it pierces below 18765 then it may test 18679 through 18570 range. However, so long as it does not fall below 18389 today, it would not turn decisively bearish.
- Most critical levels for the day: 19065 (upside) and 18765 (downside)
- Strong support: 18855 - 18765
- Major support: 18679 – 18570 - 18389
- Strong resistance: 19050 - 19065
- Major resistance: 190185 – 19310
MARKET OUTLOOK 5TH AUG 2015
Dear Customer,
Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.
- U.S. stocks closed lower on Tuesday as investors eyed further declines in Apple's stock and slight recovery in oil prices, amid continued focus on the timing of a rate hike.
| Dow Jones |
17550.7
|
-47.5
|
-0.27%
|
| Dow Futures |
17452.0
|
-2.0
|
-0.01%
|
| Hangseng |
24498.8
|
+92.6
|
+0.38%
|
| Nikkie |
20682.7
|
+162.3
|
+0.79%
|
| SGX Nifty |
8549.5
|
+13.5
|
+0.16%
|
- Asian stocks fell as investors weighed comments from a Federal Reserve official ahead of U.S. employment data.
- Market is expected to open on a positive note and likely to witness positive momentum during the day.
- RBI has kept interest rate unchanged but has given indication that considering monsoon progress and FED action RBI may consider rate cut in coming policy meeting
- Adani Enterprises said it's in talks with Foxconn to form a manufacturing joint venture (JV) but no agreement had been signed as yet.
- Bain Capital is set to exit Hero MotoCorp by selling its remaining stake in the Indian two-wheeler maker
- The FSSAI-approved laboratory of Central Food Technological Research Institutue (CFTRI) has found Maggi noodles to be in compliance with the country's food safety standards. Positive for Nestle
- The Competition Commission of India has approved Hinduja Global Solutions' proposed acquisition of certain BPM and BPO assets of Mphasis and Msource.
- GaryKlesch won't buy Tata Steel Europe’s long products business
- Results Announced
| Britannia |
|
| Torrent Power |
|
| Indian Hume Pipe |
|
| JK Tyre |
|
| Hexaware technologies |
|
| Mangalam Drug |
|
| Makers Lab |
|
| Lincoln Pharma |
|
| Sangam India |
|
| Capital First |
|
| Tamilnadu Petro |
|
| Saksoft |
|
| Shivam Autotech |
|
| Sterling Tools |
|
| Tribhivandas Bhimji |
|
| NR Agarwal |
|
| Flex Food |
|
| Entertainment Network |
|
| AstraZeneca |
|
| Tv Today |
|
| MM Forging |
|
| EIH Ltd |
|
| Clariant Chemical |
|
| Damodar Ind |
|
| Peninsula Land |
|
| Dion Global |
|
| Grindwell Norton |
|
| NOIDA Toll Bridge |
|
| Bharti Airtel |
|
| Godrej Property |
|
| Jay Shree Tea |
|
| Accel Frontline |
|
| EID Parry |
|
| BHARAT IMMUNOLOGICALS |
|
| Future Lifestyle Fashions |
|
| Orient Cement |
|
- Result to be Announced (Reported PAT Rs cr)
5/8/2015
|
Jun'14
|
Mar'15
|
Exp
|
NB Insti
|
| Accelya Kale Solutions Ltd. |
18.5
|
18.5
|
na
|
na
|
| Asahi India Glass Ltd. |
-4.1
|
18.7
|
na
|
na
|
| Ashapura Minechem Ltd. |
65.4
|
1.2
|
na
|
na
|
| Automotive Axles Ltd. |
5.7
|
5.0
|
na
|
na
|
| Bata India Ltd. |
59.4
|
58.4
|
62.1
|
69.3
|
| Bombay Burmah Trading Corporation Ltd. |
-0.9
|
10.8
|
na
|
na
|
| Bengal & Assam Company Ltd. |
0.6
|
4.0
|
na
|
na
|
| Brigade Enterprises Ltd. |
7.4
|
29.7
|
20.9
|
na
|
| Camlin Fine Sciences Ltd. |
5.5
|
8.4
|
6.8
|
na
|
| Canara Bank |
806.9
|
613.0
|
571.7
|
na
|
| De Nora India Ltd. |
0.7
|
1.5
|
na
|
na
|
| Glaxosmithkline Consumer Healthcare Ltd. |
130.1
|
196.8
|
155.2
|
158.9
|
| Indraprastha Gas Ltd. |
114.0
|
95.9
|
104.1
|
na
|
| Insecticides (India) Ltd. |
17.4
|
6.2
|
20.2
|
na
|
| ITD Cementation India Ltd. |
-2.4
|
-96.7
|
na
|
na
|
| JB Chemicals & Pharmaceuticals Ltd. |
31.8
|
25.7
|
31.0
|
na
|
| Manali Petrochemicals Ltd. |
6.9
|
8.9
|
na
|
na
|
| Marico Ltd. |
185.3
|
110.0
|
215.5
|
na
|
| Nahar Spinning Mills Ltd. |
-11.5
|
37.8
|
na
|
na
|
| Nandan Denim Ltd. |
11.5
|
15.3
|
15.5
|
na
|
| New Delhi Television Ltd. |
-1.5
|
-17.2
|
na
|
na
|
| Orient Paper & Industries Ltd. |
-22.3
|
16.7
|
na
|
na
|
| Pricol Ltd. |
6.1
|
-2.4
|
na
|
na
|
| Prism Cement Ltd. |
13.2
|
61.9
|
-15.9
|
na
|
| PTC India Ltd. |
43.8
|
56.4
|
44.4
|
na
|
| The Ramco Cements Ltd. |
35.5
|
94.4
|
101.1
|
38.5
|
| Ramco Industries Ltd. |
16.1
|
27.2
|
na
|
na
|
| Ramco Systems Ltd. |
-2.9
|
4.4
|
na
|
na
|
| Sharda Cropchem Ltd. |
43.1
|
48.1
|
na
|
na
|
| Shree Cement Ltd. |
277.0
|
119.7
|
74.7
|
na
|
| Siemens Ltd. |
13.0
|
161.9
|
131.1
|
127.1
|
| Snowman Logistics Ltd. |
0.0
|
14.3
|
na
|
na
|
| Sonata Software Ltd. |
32.0
|
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