INTRADAY, WEEKLY & SHORT TERM TRADING STRATEGIES

             Intraday, Weekly & Short term trading strategies.

HDFC (1124) : Buy on dips considering 1105 is the support keeping sl @ 1090. Upward side cross over above 1131 {keep sl @ 1115} it will shoot to 1160 - 1175 levels.

BEL (2716) : Sell considering 2760 is the resistance keeping sl @ 2780, down ward side break below 2700 it will fall down to 2645 & 2625 levels.

TATAMOTORS (494) : Sell considering 502 is nearest resistance keeping sl @ 507 down ward side break below 490 {keep sl @ 496} it will fall down to 480, 474 & 468 levels.

CEAT (891) : Buy on dips considering 875 is nearest and 862 strong support keeping sl @ 856. Upward side cross over above 900 {keep sl @ 887} it will shoot to 916 & then 940-950 levels.

ESSDEE (381) : Buy considering 372 is nearest support keeping sl @ 368. Upward side it will shoot to 392-400 & 408

DHFL (431) : Short Term Remain in/Buy keeping sl @ 380. Upward side it will zoom up to 465 & 490 levels in nearest short term. For the day 420 and 412 are strong support. {Cross over above 438 revised sl @ 395}

HPCL (541) : Sell considering 551 is nearest resistance keeping sl @ 558, Down ward side it will fall down to 528 & 520 levels.

BPCL (636) : Sell considering 644 is nearest resistance keeping sl @ 652, down ward side break below 630 it will fall down further to 615 & 605

IOC (329) : Sell considering 334 is nearest and 338 strong resistance keeping sl @ 342. Down ward side it will fall down to 320 & 315.

MASTEK (325) : Cross over above 329 it will shoot to 338 & then 352 & 375 levels. Support for the stock is @ 306-290.

CENTURYTEX (505) : Sell on higher levels 516 is nearest and 522 is strong resistance, keeping sl @ 528. Down ward side it will fall down to 495-492 & then 484-480.

BOB (1057) : Break below 1040 it will fall down to 1020 & then 1001-990 which is strong support on lower from where we might see a bounce back.

HINDZINC (161) : Break below 160 stock will fall down to 152 & 148 levels. Upward side 165-167 is nearest resistance, cross over above it will zoom to 171 & 175.

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Crude oil prices likely to trade negative

Crude oil markets fell 3 percent or more to plumb new five-year lows on Friday after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year. Benchmark Brent oil settled at below $62 a barrel and U.S.

crude slumped to under $58 to extend Thursday's landmark fall below $60. Surging crude inventories in the United States and top oil exporter Saudi Arabia's reiteration that it will not cut production had roiled prices over the last two days despite data pointing to strong U.S. economic recovery.

On Friday, the Paris-based International Energy Agency which coordinates the energy policies of industrialised countries, cut its outlook for demand growth in 2015, triggering another collapse.

The IEA slashed its outlook for global oil demand growth for 2015 by 230,000 barrels per day to 900,000 bpd on expectations of lower fuel consumption in Russia and other oil-exporting countries.

it predicted that oil-producing nations outside of the Organization of the Petroleum Exporting Countries will add to global supplies. It also expected prices to fall further.

Outlook

We expect crude oil prices likely to trade on negative note on the back of increasing supply and decreasing demand is likely to keep crude oil prices under pressure.

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EXPECT GOLD, SILVER PRICES TO TRADE LOWER

 Gold

On Thursday, spot gold prices ended marginally higher by 0.07 percent to $1227.6/oz amid conflicting signals as the firm dollar fueled hopes that interest rates will rise sooner or later while weak U.S. economic data spurred safe-haven buying.

The dollar index got was boosted by strong U.S. retail sales numbers and declining jobless claims. Later in the session, however, data showed the net worth of U.S. households fell in the third quarter for the first time in three years, hit by a fall in the value of their stock holdings and rising debts, giving mixed signals on the outlook for consumer spending On the MCX, gold prices rose by 0.25 percent and closed at Rs.27258/10gms.

Silver

 Spot silver prices rose by 0.2 percent to $17.1 in yesterday’s trading session in tandem with rise in gold prices. Strength in the dollar and weakness in Nickel prices however capped upside. On the MCX, silver prices rose by 0.14 percent and closed at Rs.38722/kg.

Outlook

On an intraday basis, we expect gold and silver prices to trade lower as tumbling oil prices reducing the inflation hedge appeal for the yellow metal. Waning investment demand coupled with growth and optimism in the US economy will also act as a negative factor for prices. On the MCX, gold prices are expected to trade lower in tandem with falling international markets.
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COMMODITY REPORT AS ON 11 DEC. 2014

Spark Finserve”s daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...

MCX Gold Feb 2015

- Gold trading range for the day is 26918-27476.

- Gold settled flat as a modest rebound in equity markets and lower crude prices more than offset the impact of a weaker dollar.

- An increase in appetite for risk could limit interest towards assets perceived as safer, such as gold.

- SPDR gold trust holdings gained by 2.99 tonnes i.e. 0.41% to 724.80 tonnes from 721.81 tonnes.

- BUY GOLD FEB @ 26950 SL 26800 TGT 27100-27250.MCX

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Sensex, Nifty come off lower levels; Sugar stocks rally

The Sensex is down 132.40 points or 0.48% at 27,698.70, around 160 points off the day's low of 27,539.47. The Nifty, which declined to 8272.40, is now at 8321.00, down 34.65 points or 0.4% from its previous close.

Jindal Steel & Power, Cairn India, Tata Steel, Reliance Industries, ONGC and GAIL India are down 2% - 3%.

Infosys, Bharti Airtel, Tata Motors, HCL Technologies, Punjab National Bank, ICICI Bank, Grasim Industries and Tata Power are lower by 1% - 2%.

BHEL is up 2.4%. Tech Mahindra, Dr Reddy's Laboratories, Mahindra & Mahindra, IDFC, Kotak Bank and Ultra Tech Cement are up 1% - 1.6%.

Lupin has announced that is U.S. subsidiary has launched the authorized generic for GD.Searle LLC's Celebrex Capsules. Searle LLC is a subsdiary of Pfizer Inc. The drug has annual U.S. sales of $2.54 billion according to IMS MAT. The stock is up nearly 1%.

HDFC, Hindalco, Sun Pharmaceutical Industries, DLF, Maruti Suzuki and Coal India are up with modest gains.

Investors are picking up sugar stocks today following the Cabinet Committee on Economic Affairs approvaing a mechanism fr procurement of ethanol by PSU oil marketing companies to carry out ethanol blended petrol program.

Shree Renuka Sugars, Sakthi Sugars, Balrampur Chini Mills, Triveni Engineering & Industries, Rana Sugars, Oudh Sugar Mills, Bajaj Hindustan and Dwarikesh Sugars are up 3% - 7%. Simbhaoli Sugars has vaulted over 14%.


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STOCK MARKET REPORT AS ON 08 DECEMBER 2014

Live updates: – Indian stock market opened lower on monday led by lose of infosys. nifty is trading at 8525 or 0.15% while sensex is trading at 28405.77 down 0.18%.

The rupee is trading weaker at 61.93/94 vs Friday’s 61.77/78 close on the back of robust payrolls data.

Hot Stocks:

On the sectoral front, BSE IT index is down 2% followed by Teck, Consumer Durables and Capital Goods indices trading lower between 0.3-1.5%. Bankex, Oil & Gas and Metal indices are trading flat. However, FMCG and Realty indices are up between 0.5-1%.

Drug maker Dr Reddy’s Lab is down 1.61%. However its peer Sun Pharma is up 1.22%.

Coal India is up 2% and is the top gainer.

Bharti Airtel, HUL, BHEL are up between 0.3-1.4%.

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NIFTY view for 1st December 2014

Nifty: In a new high territory; Trade with trailing stop loss

(8588.25)

As expected the Nifty higher in Friday’s session. It was consolidating before which gave an indication of a good bullish up move. We are in new high territory, the best way to trade this market is to have a trailing stop loss. Have a positive bias until  trade above 8510.

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