Saturday, 23 May 2015

WEEKLY GLOBAL STOCK MARKET INDEX POSITION




INDEXES

POSITIONS

CURRENT
(22/05/15)
WEEK  AGO
(15/05/15)
CHANGE %
BUY
/SELL
SENSEX
27957.50
27324
+02.32%
STRONG
BUY
NIFTY
8458.89
8262.35
+2.38.%
STRONG
BUY
NASDAQ
5089.36
5048.29
+0.81%
STRONG
BUY
DOW
18232.02
18272.56
+0.44%
STRONG
BUY
S&P 500
2126.06
2122.73
+0.16%
STRONG
BUY
ASIA MARKET
SHAN GHAI
4657.6
4309.36
+8.08%
STRONG
BUY
NIKKEI
20264.41
19732.92
+2.69%
STRONG
BUY
HANG SENG
27992.83
27822.28
+0.61%
STRONG
BUY
EUROPE MARKET
FTSE100
7031.72
6960.42
+1.02%
STRONG
BUY
DAX
11815.01
11447.03
+3.21%
STRONG
BUY
CAC40
5142.89
4993.82
+2.99%
STRONG
BUY

WEEKLY NEWS FLASH


# LIC Buys Shares Worth Rs 16,400 Crore in 12 Sensex Companies in the January-March quarter maximum stake in Coal India & raised its stake in GAIL, Infosys, Bajaj Auto, Reliance Industries, Hero MotoCorp, ONGC, NTPC, Hindalco Industries and Mahindra & Mahindra, among others, during the quarter.


# Retail inflation eased to a four-month low of 4.87 per cent in April while industrial output slowed to a five-month low of 2.1 per cent in March. At wholesale level, WPI inflation to a new low of  (-)2.65 per cent in April.


#Indian and Chinese companies signed deals worth $22 billion in Shanghai, soon after Prime Minister Narendra Modi made a strong pitch for the two countries to work together in an address to the India-China Business Forum.

# PF Body to Invest 5% of Corpus in Equity Market. To get EPFO funds, listed firms need at least Rs 5,000 crore m-cap

#According to the NSDL data, FPI inflows were to the tune of Rs 2,77,461 crore for debt and equity together from April 2014 to March 2015 although there have been outflows in recent weeks.

# Overseas investors have pulled out nearly Rs 17,000 crore from the Indian capital markets in the first two weeks(till 16th may) of the month amid continued taxation worries.

#The consensus earnings per share (EPS) estimates of the Sensex for FY2016 and FY2017 have been downgraded substantially due to a sharp cut in the earnings of the base year (FY2015) and a lag in the economic recovery. However, the expected compounded annual growth rate (CAGR) in the Sensex' EPS over the next two years still stands at a healthy 15-16 per cent," said a Sharekhan report.

 # Tata Steel gross debt to EBITDA may fall to 5x, Tata Steel India operation EBITDA/Ton may  gain  38% to $260 by December and worst may be over for Tata Steel,


# Cipla UK arm buys 51% stake in Quality Chemicals


# Suven Life gets product patents in Mexico and Singapore


# Indian Hotels to delist GDRs from London Stock Exchange


# RIL surrenders 2 oil and gas blocks


# SBI partners with Amazon

 


NIFTY OUTLOOK 22/05/2015 ( Close 8459) 



FII/FPI  weekly Investment – BUY-RS.5.41 Crore /   DII weekly Investment-BUY Rs 1815 Crore

After three weeks of consolidation, Nifty finally witnessed decent rebound and gained more than 2% on weekly basis.

The Nifty is range bound  in the 8000 to 8500 band. The resistance around 8500-8550 would be very strong from the descending channel in which the Nifty is moving. A breach above 8500-8550 could unlock fresh momentum, else it could continue its oscillation within the band.

On downside, 8350 would act as immediate support
 





BROKER'S RECOMMENDATIONS ON LAST WEEK
COMPANY
TIPS/RECOM DATE
TARGE
REOM. PRICE
TIME FRAME
BROKER/ANALYST
DEEPAK FARTILISER
BUY/22-05-15
160
133
1 YEAR
NRB BEARING
BUY/22-05-15
139
116
1 YEAR
ICICI SECURITIES
TATA STEEL
BUY/22-05-15
400
341.60
1 YEAR
ICICI SECURITIES
CESC
BUY/22-05-15
906
592
1 YEAR
EMKAY RESEARCH
GODAWARI POWER & ISPAT
BUY/20-05-15
209
99
1 YEAR
EMKAY RESEARCH
SESA GOA
BUY/19-05-15
211.70
250
1 YEAR
GOLDMAN SACHS
SUBROS
BUY/18-05-15
80
60
1 YEAR
ANGEL BROKING



WEEKLY SUPPORT & REISTANCE
SCRIP                                 S3          S2          S1         PIVOT       R1          R2          R3
NIFTY                               8106       8190      8324       8407         8542       8625       8760

SENSEX                            26826     27100    27527     27800       28228     28500     28930

VOLTS (CMP Rs.319)      263         275        297         309            331        343         365
Voltas (VOLT) is a Tata group company &  is India's largest air-conditioning company and one of the world's premier engineering solutions providers and project specialists. Set up in 1954, it is India's largest supplier of engineering products and services for the textile machinery sector, and a major manufacturer of forklift trucks. Voltas is headquartered in Mumbai, with regional offices in several major cities in India. Its overseas offices are in UAE (Abu Dhabi, Dubai), Bahrain, Qatar (Doha), Kingdom of Saudi Arabia (Jeddah) and Singapore.
 4QFY15 performance was in line: Revenues up 1.9% YoY. Robust revenue growth of 19.3% YoY; Consolidated Performance in-line; Tax rates have declined to 25.7% in 4QFY15, vs 28% YoY. Outstanding gross debt at the end of 4QFY15 was at INR 1.2b vs INR 2.0b in 2QFY15.
WE STRONGLY RECOMEND TO BUY AT THIS LEVEL & ON DECLINE WITH STOP LOSS RS 300 & HOLD FOR TERGET 373

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