Sunday, 31 May 2015

NIFTY OUTLOOK & CHART PATTERN 29/05/2015 ( Close 8434)



FII weekly Buy/Sale-RS.+2615.69 Crore /   DII weekly Buy/Sale- Rs -866.54 Crore
Month to Date (May)FII Buy/Sale – Rs -4796 Crore / Month to Date(May) DII  Buy/Sale+8582.26crore
Index traded volatile through out the week but steep buying witnessed on
Friday led to a flat closing on weekly basis. Nifty close daily basis higher, weekly basis lower,& monthly basis higher.
 As per weekly  chart above 8500--8550 upside move till 8600.This hurdles should be overcome according to positiveness of RBI rate cut(expected 25 basis point) & GDP data.
                                                                          
On daily chart nifty close above 50 EMA(
8419.88)but just below 100 EMA (8437.23).One should be cautious about this. Resistance line around 8480 & downtrend line resistance from lifetime high around 8530. Downside support 8275—8300   & 8175--8200
Overall it seems that three  months correction is completed.




WEEKLY GLOBAL STOCK  MARKET  INDEX POSITION
INDEXES

POSITIONS
 
CURRENT
(29/05/15)
WEEK  AGO
(22/05/15)
CHANGE %
BUY
/SELL
SENSEX
27828
27957.50
-0.46%
NEUTRAL
NIFTY
8433.65
8458.89
-0.30%
NEUTRAL
NASDAQ
5070
5089.36
-0.38%
STRONG
BUY
S&P 500
2107.39
2126.06
-0.88%
STRONG
BUY
ASIA MARKET
SHAN GHAI
4611.74
4657.60
-098%
STRONG
BUY
NIKKEI
20563.15
20264.41
+1.47%
STRONG
BUY
HANG SENG
27992.83
27822.28
+0.61%
STRONG
BUY
EUROPE MARKET
FTSE100
6984.43
7031.72
-0.67%
STRONG
BUY
DAX
11413.82
11815.01
-3.4%
STRONG
BUY
CAC40
5007.49
5142.89
-2.62%
STRONG
BUY

WEEKLY SUPPORT & REISTANCE

SCRIP                                 S3          S2          S1         PIVOT       R1          R2          R3
NIFTY                               8148       8209      8322       8383         8496       8557       8670

SENSEX                            26938     27146    27487     27695       28036     28244     28585

STOCKSPURT’S MULTIBAGGER RECOMENDATION(CMP-39.40)
PRATIBHA INDUSTRIES- strong buy- target 78-90 (1 yr)
Pratibha Industries Limited established  in 1982,operates as an infrastructure company in India and internationally. The company operates in two segments, Infrastructure & Construction, and Manufacturing & Coating. The company is involved in the design, engineering, and execution/construction of various projects comprising complex and integrated water transmission and distribution projects, water treatment plants, elevated and underground reservoirs, mass housing projects, commercial complexes, pre-cast design and construction, road construction, passenger water transportation, multilevel car parking, airports, railway stations, retail infrastructure, and hydrocarbon projects.
It also manufactures helical SAW pipes for various applications, such as oil and gas transmission mains; low and medium pressure city gas mains; water supply transmission mains and distribution pipelines; steam, gas, and other piping requirements in chemical plants/petroleum refineries; and pilling, casing, mining, and dredging steel pipes for structural purposes. In addition, the company offers protective coatings for pipes comprising fusion bonded epoxy coating/dual layer epoxy coating, 3 layer polyethylene and polypropylene coating, concrete weight coating, liquid epoxy coating, cement mortar lining, and PU coating for HSAW, LSAW, ERW, DI, and seamless pipes and tubes.
 FV-Rs.2, CMP-Rs.39.25  Stock P/E: 9.89,Book Value-Rs 67.31 52 week High/Low-Rs 66.70/Rs 35.60. Stock is trading at 0.58 times its book value. Industry PE: 30.72. Last 10 years dividend paid 10 to 30 % .
Promoter’s stake 46.95%. FII Gradually increased their stake to 10.91 %. Last 4 Qrts . Mutual funds Holdings are 55.04 lacs/62.86 lacs/63.88 lacs/63.94 lacs shares
Ø  During Q4 FY15, consolidated net profit jumps to Rs.10.05 Cr against Rs. 6.09 Cr. Q4 FY14, grew by 65.02%.

Ø  Consolidated revenue for the quarter rose by 51.44% to Rs. 947.73 Cr from Rs. 625.82 Cr ,when compared with the prior year period

Ø  EPS of the company stood at Rs. 1.00 a share during the quarter as against Rs. 0.6 over previous year period.

Ø  During the twelve months period of current fiscal 2014-15, revenue was up by 37.53% to 3165.5 Cr. from Rs. Rs. 2301.72 Cr. in the same period of previous year.

Ø  During 12M FY15, PAT stood at Rs. 44.08 CR as compared to Rs. 15.39Cr in 12M FY14, grew by 286.15%.

Technically @Rs 36-37 triple bottom formation completed .& fibonacchi. Retracement also at Rs 36. So very good level for fresh buying. RSI,ROC Indicators are in positive divergence.MACD in buy zone. Stocastics are giving buy signal & diverge positively.




BROKER'S RECOMMENDATIONS ON LAST WEEK
COMPANY
TIPS/RECOM DATE
TARGE
REOM. PRICE
TIME FRAME
BROKER/ANALYST
SINTEX
BUY/28-05-15
155
109.90
1 YEAR
MOTOLAL OSWAL
ENGINEERS INDIA
BUY/28-05-15
280
197
1 YEAR
INDIA NIVESH
DISH TV
BUY/27-05-15
120
97
1 YEAR
ICICI SECURITIES
JK TYRE
BUY/27-05-15
131
109
1 YEAR
ICICI SECURITIES
VOLTAS
BUY/26-05-15
394
325
1 YEAR
ICICI SECURITIES
INOX LEISURE
BUY/26-05-15
210
155
1 YEAR
ICICI SECURITIES
EMPHASIS
BUY/25-05-15
480
370
1 YEAR
PRABHUDAS LILADHAR
TD POWER SYSTEM
BUY/25-05-15
624
308
1 YEAR
EMKAY
PREMIER EXPLOSIVES
BUY/22-05-15
400
242
1 YEAR
WALLFORT FINANCIAL
SERVICE




NEWS FLASH

Ø  Hexaware, Polaris, Tata Elxsi to be removed from CNX IT Index

Ø  Foreign direct investment (FDI) is likely to have hit a high of $34.9 billion in financial year 2014-15, a massive 61.6 per cent jump from $21.6 billion in the previous fiscal year, says a report by Nomura.

Ø  Cox & Kings German arm, HGHI Holdings in pact for new hotel in Berlin

Ø   Mahindra Life says acquired 90% land for Chennai industrial Park
                          
Ø  The Indian economy is in its initial stages of recovery, global brokerage firm Nomura has said. However, it also said GDP growth is expected to rise to 8 per cent this fiscal year as against 7.3 per cent in 2014-15.

Ø   According to Central Statistics Office (CSO) data, the Indian economy grew at 7.3 per cent in 2014-15, up from 6.9 per cent a year ago, mainly due to improvement in the manufacturing sector

Ø  Mobile, Hotel, Other Services to be Costlier From June 1

Ø  Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani, has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become India's most profitable company, posting a consolidated net profit of Rs 23,566 crore in fiscal year 2014-15 (FY15)

Ø  Forex Reserves Fall Sharply by $2.3 Billion to $351.5 Billion

Ø  State Bank of India, the country's largest lender, on Friday launched an online customer acquisition solution through which one can apply for home, car, education and personal loans online

Ø  Workers at Tata Steel UK's Biggest Trade Union Vote to Strike

Ø  Tata Consultancy Services Partners with The Royal College of Art for Design Lab







1 comment:

  1. Great and useful article about Indian market do visit my site for regarding fii data http://stockmarketpuls.blogspot.in/2015/06/fii-fpi-trading-activity-for-2nd-june-2015.html

    ReplyDelete