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WEEKLY NIFTY TRADING VIEW FOR THE WEEK FEB 20, 2016–FEB 26, 2016

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Events to watch this week

  • Upbeat US data fuel growth, inflation hopes
  • Yellen: Risky to wait too long to raise rates
  • Mnuchin confirmed as US Treasury Secretary
  • Greek bailout deadline in doubt

The Week ahead:

  • US markets are closed for President's Day on Monday, 20 February
  • China reports trade data on Tuesday, 21 February
  • Flash purchasing managers’ indices are released globally on Tuesday, 21 February
  • Eurozone consumer price data is reported on Wednesday, 22 February
  • UK Q4 gross domestic product are reported on Wednesday, 22 February
  • US existing home sales data are released on Wednesday, 22 February

For the week,Global equities continued their advance on increasing evidence of improved US economic growth and rebounding inflation. Major US indices again notched record highs during the week, though bond yields held steady. Despite the strong data, the yield on the 10-year US Treasury note fell to 2.415% from 2.43% a week ago. Oil prices dipped, with West Texas Intermediate crude at $53.50 a barrel versus $54.10 last week and global Brent falling to $55.60 from $57.10. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), edged up to 12 from 10.9.

NIFTY- 8,821.70
CRUDE OIL-Rs 3,607barrel
GOLD-Rs 29,355 gram
Rs/$-Rs 67.02

MARKET ROUND UP

Indian equity benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index registered small gains in the week ended Friday, 17 February 2017 amid mixed global cues. However, the overall sentiment in the broader market was subdued during the week.

The Sensex rose 134.50 points or 0.47% to settle at 28,468.75. The Nifty advanced 28.15 points or 0.32% to settle at 8,821.70. The BSE Mid-Cap index fell 0.33% and the BSE Small-Cap index declined 0.98%. Both these indices underperformed the Sensex.

Key benchmark indices eked out small gains in what was a volatile first trading day of the week on Monday, 13 February 2017. The Sensex had risen 17.37 points or 0.06% to settle at 28,351.62, its highest closing level since 6 February 2017.

Key benchmark indices settled with small declines in what was a lacklustre session of trade on Tuesday, 14 February 2017. The Sensex fell 12.31 points or 0.04% to settle at 28,339.31, its lowest closing level since 10 February 2017.

Macro Economic Front:

On the Economic Front,India's industrial production declined 0.4% in December 2016 over December 2015, snapping strong 5.7% growth recorded in November 2016. The manufacturing sector's production declined 2% in December 2016, contributing to the overall decline in industrial production.

The all-India general consumer price index (CPI) inflation dipped to 3.17% in January 2017 compared with 3.41% in December 2016. The data was announced after market hours on Monday, 13 February 2017.

The monthly inflation data based on wholesale price index (WPI) rose 5.25% (provisional) for the month of January 2017 as compared to 3.39% (provisional) for December 2016 and minus 1.07% during January 2016. The data was announced during market hours on Tuesday, 14 February 2017.

India's exports rose 4.32% to $22.11 billion in January 2017 and imports rose 10.7% to $31.95 billion. The data was announced after market hours on Wednesday, 15 February 2017. The monthly trade deficit narrowed slightly to $9.8 billion.

Major Action &Announcement:

Tata Motors tumbled 11.13%. The company's consolidated net profit fell 96.22% to Rs 111.57 crore on 4.31% decline in total income to Rs 68708.48 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours on Tuesday, 14 February 2017.

Sun Pharmaceutical Industries (Sun Pharma) rose 3.11%. The company's consolidated net profit fell 4.72% to Rs 1471.82 crore on 10.13% rise in total income to Rs 8034.81 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours on Tuesday, 14 February 2017.

Dr Reddy's Laboratories (DRL) declined 2.01%. The company said it received an unfavorable ruling in a US court regarding a patent infringement case. The announcement was made during market hours on Thursday, 16 February 2017.

DRL announced that the United States District Court for the District of New Jersey issued its opinion regarding Helsinn Healthcare's patent infringement claims against the company's proposed palonosetron product, pursuant to a paper NDA under section 505(b)(2) of the Food, Drug and Cosmetic Act.

Cipla advanced 2.29%. The company announced that it has launched adult Hepatitis B vaccine in India. Under a co-exclusive agreement with Serum Institute of India (SII), Cipla will market the vaccine for adults while SII will market it for adults and children. The announcement was made during trading hours on Friday, 17 February 2017.

Adani Ports and Special Economic Zone (APSEZ) fell 4.37%. The company's consolidated net profit rose 25.82% to Rs 849.75 crore on 29.48% rise in total income to Rs 2429.56 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours on Tuesday, 14 February 2017.

TCS wasup 0.48%. The company said that its board will meet on 20 February 2017 to consider buyback of equity shares. The announcement was made after trading hours on Wednesday, 15 February 2017.

Tata Steel was up 0.04%. The company said that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK announced that its members have voted to support the company's proposals, including the proposal to close the pension scheme in the UK to future accrual. The announcement was made after trading hours on Wednesday, 15 February 2017.

Global Front:

In Overseas Markets,Japan's economy slowed again in the final quarter of 2016, as feeble spending by consumers took the shine off a pickup in exports and business investment. Japan's real gross domestic product grew 1% on an annualized basis in the three months through December for the fourth consecutive quarter of expansion, the longest stretch of gains since 2013, according to Cabinet Office data released on Monday, 13 February 2017.

China's producer price inflation picked up more than expected in January to near six-year highs. China consumer inflation also rose more than expected, nearing a three-year high as fuel and food prices jumped, data showed on Tuesday, 14 February 2017.

In US, retail sales rose 0.4% in January, a faster pace than had been expected, while the consumer price index rose 0.6% in the month, the largest amount in four years, though this was largely due to a rebound in the price of gasoline.

Global Economic News:

US economy shows signs of strength
After a run of strong economic data from the United States, hopes intensified this week that the reflationary period underway since late 2016 would prove more durable than the four prior upturns during the current business cycle, which began in early 2009. January retail sales were a major bright spot, rising a better-than-expected 0.4%, while December sales were revised up 1% versus a previously reported 0.6% advance. Firmer consumer prices at both the headline and core level, buoyant manufacturing output and upbeat regional Fed manufacturing surveys—particularly the Philadelphia Fed's manufacturing index — which soared to a 33-year high — added to investor optimism. 

Fed’s Yellen reiterates case for rate hikes
After a string of strong economic reports, markets expect the US Federal Reserve to hike rates in the first half of 2017, perhaps as soon as next month’s meeting of the Fed’s rate-setting committee. In congressional testimony this week, Chair Janet Yellen said that it would be risky to wait too long to raise interest rates and that the committee would consider hiking rates in coming meetings. Yellen holds press conferences once per quarter, and the two rate hikes this cycle have both come at meetings that were followed by press briefings. Her next press conference is scheduled for 15 March, with another on 14 June.

Mnuchin confirmed as Treasury pick
US president Donald Trump’s pick for treasury secretary, Steven Mnuchin, was confirmed by the US Senate this week and sworn into office shortly thereafter. Tax reform is expected to be Mnuchin's early focus with Trump unveiling his tax reform package in the next few weeks.

Greek bailout lenders at loggerheads
The International Monetary Fund and eurozone finance ministers remain at odds over the direction of the Greek bailout process. The two sides hope to iron out a deal early next week to allow the IMF to release €7 billion in aid to Greece ahead of European elections, which kick off next month. The creditors hope to keep Greece from becoming a campaign issue in elections in the Netherlands in March and in France in April and May for fear that the matter could further fuel an anti-European Union populist backlash. IMF and Eurogroup finance ministers have been unable to reach agreement on the IMF’s proposal to grant Greece some level of debt relief. Without that relief, the fund says, Greece’s debt is unsustainable.

GLOBAL CORPORATE NEWS

Comings and goings in Washington
It was an eventful week for appointees of President Trump. In addition to Mnuchin taking the helm at Treasury, the president accepted the resignation of his national security advisor, General Michael Flynn. Trump scrambled to nominate R. Alexander Acosta as labor secretary after fast food executive Andrew F. Puzder withdrew his nomination.

S&P 500 earnings on pace for back-to-back gains
With 75% of S&P 500 companies having reported (as of 15 February), aggregate earnings are up 5.2% year over year while revenues have grown 4.3%. According to Hedgeye Risk Management, if these trends hold up, the fourth quarter of 2016 will be the first time in two years that companies will have generated positive earnings for two straight quarters.

NEW 52-WEEK HIGH BSE (A):

 

GAIL

513.00

HDFC BANK

1450.00

INDUSINDBK

1364.30

NEW 52-WEEK LOWS BSE (A):

NOT YET

----

 

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

CADILA HEALTHCAR

23.06

IIFL HOLDINGS

13.52

AIA ENGINEERING

10.22

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

SOUTH INDIAN BAN

-13.04

INTELLECT DESIGN

-12.19

BANK OF BARODA

-11.73


Eyes will be set on the certain US economic data releases are:

Monday (20 Feb)
US Holiday Market Closed

Tuesday (21 Feb)
PMI Manufacturing Index

Wednesday (22 Feb)
Existing Home Sales

Thursday (23 Feb)
Jobless Claims

Friday (24 Feb)
Consumer Sentiment

Fundamental Pick of the week:

Derivative Ideas Glenmark Pharmaceuticals Ltd For Target Rs. 980.00

 

After trading with bearish bias for over a week, GLENMARK posted decent recovery from day’s low on 16th February and settled near day’s high, indicating buyer’s interest at current levels. Early signs of recovery are also visible on the daily chart. Considering all, we recommend buying this stock.

Recommendation

Buy  Glenmark Pharmaceuticals Limited   @ 926-930 Stoploss 905 Target  980

Indian Market Outlook:

Markets rebounded swiftly today and gained over half a percent. The upbeat trade deficit figure aided a firm start which was supported by select index majors. Mostly sectoral indices traded in line with the benchmark and ended higher. Besides, recovery in the midcap and smallcap space added to the positivity. We feel the consolidation is not over yet and its range has slightly broadened now. A decisive move above 8850 in Nifty will trigger further up move else range bound bias will continue. Amidst all, stocks are witnessing moves on both sides so traders should focus more on trade management and maintain a balanced portfolio. .

*The Union Cabinet approved the merger of State Bank of India and its 5 associate banks - State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT). The listed associate banks closed up 3-4.5%.

*Bharat Forge announced signing an agreement for a Joint Venture with Israel Aerospace Industries (IAI). Kalyani Strategic Systems (KSSL) and IAI signed the MoU during the Aero-India exhibition at Bangalore. Shares of Bharat Forge closed up 6%.

*Cadila Healthcare announced that the USFDA has inspected the company's Moraiya plant and did not issue observation (483) which meant that the plant met the manufacturing norms successfully. Shares closed up by 19.8%.

TECHNICAL VIEW:

S3

S2

S1

NIFTY

R1

R2

R3

8,690

8,745

8,775

8,821.70

8,877

8,933

8,969


Conclusion:


The NIFTY seems to be locked in a tussle spacing 8827-8715, that’s around a 115 points. Index may now look for an immediate technical trigger to break this deadlock. Some correction towards 8640-8580 levels may set in, if prices break the low @ 8715 mark. In the medium term, the SUPPORT zone now shifts upwards to 8537, the 3 week LOW; followed by 8330, that corresponds to 5 week’s LOW. On the other hand, If 8850 gets breached convincingly, upside to the July 2016 HIGH @ 8935 would be in contention.  

WEEKLY NIFTY TRADING VIEW FOR THE WEEK FEB 13, 2016 – FEB19, 2016

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Events to watch this week

  • IMF questions Greek debt sustainability
  • Trump promises “big league” tax reform
  • France’s Le Pen calls for return of the franc
  • China’s FX reserves extend drop
  • Brexit bill clears UK House of Commons
  • DOL rule survives court challenge

The Week ahead:

  • Japan reports Q4 preliminary gross domestic product on Monday, 13 February
  • The eurozone reports preliminary Q4 GDP on Tuesday, 14 February
  • The United Kingdom releases consumer price data on Tuesday, 14 February
  • The United States reports retail sales, industrial production and consumer price data on Wednesday, 15 February
  • The UK releases January employment data on Friday 17, February

For the week,Global equities extended gains this week as reflationary hopes were rekindled by talk of US tax cuts. Major US indices all reached record highs late in the week while yields on 10-year US Treasury notes, at 2.43%, changed little. Oil prices were steady too, with West Texas Intermediate crude holding at $54.10 per barrel and global Brent dipping to $56.66 per barrel from $57.10 a week ago. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX) fell to 10.9 from 11.15 last week.

NIFTY- 8,793.55
CRUDE OIL-Rs 3,608barrel
GOLD-Rs 29,198 gram
Rs/$-Rs 66.88

MARKET ROUND UP

The market rose last week on firm global stocks. Buying ahead of December IIP data due on Friday, 10 February 2017, and optimism about corporate earnings steered the domestic market higher. A positive trend in Asia and Europe also boosted sentiment in the domestic market.

The Reserve Bank of India (RBI) after its sixth bi-monthly monetary policy meeting on Wednesday, 8 February 2017, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25%. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%.

In the week ended Friday, 10 February 2017, the Sensex rose 93.73 points or 0.33% to settle at 28,334.25. The Nifty 50 index rose 52.60 points or 0.60% to settle at 8,793.55.

The BSE Mid-Cap index gained 183 points or 1.38% to settle at 13,468.41. The BSE Small-Cap index rose 179.21 points or 1.34% to settle at 13601.31. Both these indices outperformed the Sensex.

Macro Economic Front:

On the Economic Front,The Reserve Bank of India (RBI) after its sixth bi-monthly monetary policy meeting on Wednesday, 8 February 2017, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25%. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%.

Major Action &Announcement:

Dr Reddy's Laboratories was the top Sensex loser last week. The stock fell 5.30% to Rs 2,975.20. The company's consolidated net profit fell 15.95% to Rs 492.30 crore on 5.43% fall in total income to Rs 3763.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 4 February 2017.Dr Reddy's Laboratories (DRL's) consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) declined 13.07% to Rs 8793 crore in Q3 December 2016 over Q3 December 2015. EBITDA margin contracted to 23.7% in Q3 December 2016, from 25.5% in Q3 December 2015.

Cipla fell 4.77% to Rs 579.35. The company's Q3 net profit was boosted by other income on account of gain on sale of investment. Cipla's consolidated net profit rose 43.85% to Rs 374.83 crore on 18.08% rise in total income to Rs 3800.70 crore in Q3 December 2016 over Q3 December 2015. Cipla had divested its 16.7% stake in Chase Pharmaceutical Corporation to Allergan Plc. The Q3 December 2016 result includes gain on sale of investment of Rs 121 crore. The result was announced after market hours on Wednesday, 8 February 2017.

Lupin fell 1.75% to Rs 1,464.60. The company's consolidated net profit rose 20.69% to Rs 633.11 crore on 26.91% increase in total income to Rs 4586.45 crore in Q3 December 2016 over Q3 December 2015. The result was announced during hours on Thursday, 9 February 2017.

Consolidated net sales rose 31.5% to Rs 4404.90 crore in Q3 December 2016 over Q3 December 2015. US formulation sales increased by 53.4% to $316 million in Q3 December 2016 over Q3 December 2015. Japan sales increased by 20.3% to Rs 449.20 crore in Q3 December 2016 over Q3 December 2015.

Power Grid Corporation of India fell 0.92% to Rs 199.85. The company's net profit rose 20.16% to Rs 1930.02 crore on 23.94% increase in total income to Rs 6787.51 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Thursday, 9 February 2017.

NTPC fell 0.90% to Rs 170.40. The company's net profit fell 7.49% to Rs 2468.72 crore on 10.84% rise in total income to Rs 19646.09 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours on Wednesday, 8 February 2017.

Tata Steel fell 0.89% to Rs 467.75. The company reported consolidated net profit of Rs 231.90 crore in Q3 December 2016 as compared with net loss of Rs 2747.72 crore in Q3 December 2015. The result was announced after market hours on Tuesday, 7 February 2017. Total income rose 13.64% to Rs 28143.51 crore in Q3 December 2016 over Q3 December 2015.

Global Front:

In Overseas Markets,an official gauge of China's factory activity edged lower in January, though it stayed in expansionary territory, official data showed on Wednesday, 1 February 2017. China's official manufacturing purchasing managers' index fell to 51.3 in January from 51.4 in the previous month, pointing to a slight slowing of momentum.UK manufacturing PMI was reported at 55.9 in January 2017 compared with 56.1 in December 2016. Eurozone manufacturing PMI was reported at 55.2 in January 2017, highest since 2011.

Global Economic News:

Greek debt drama rekindled
Once again Greece faces a deadline to receive much-needed bailout funds from its international backers, but so far it has not fulfilled the terms of its prior commitments. With heavy debts coming due in April and July, Greece hopes to strike a deal at the last EU summit before the European election calendar kicks off in March. Finance ministers meet on 20 February, with Greece near the top of their to-do list. There is mounting concern that several European partners will not participate in the bailout any longer if the International Monetary Fund doesn't. The IMF this week called Greece’s debt burden unsustainable and called for debt forgiveness.

Le Pen lays out economic vision
Populist French presidential candidate Marine Le Pen formally kicked off her campaign this week, laying out her economic agenda. Le Pen called for pulling France out of the eurozone, reintroducing the franc and drastically curbing immigration. Le Pen has consistently led the polling in the first round of France’s two-round system but trails a variety of centrist challengers in the second round.

China’s reserves slip
Having peaked in 2015 at over $4 trillion, China’s foreign exchange reserves slipped below $3 trillion in January, according to government data. Beijing has been selling down reserve assets for the past 18 months to try to stem capital outflows from the Chinese mainland.

Commons backs Brexit
The UK House of Commons voted on Wednesday to allow the government to begin negotiations with the European Union. The bill now goes before the House of Lords, which can delay but not halt the triggering of Article 50.

Euro too low for Germany
German finance minister Wolfgang Schaüble this week acknowledged that the euro’s exchange rate with the US dollar is too low for Germany’s competitive condition but said that the European Central Bank must make policy for all of Europe, not just Germany. Tensions were inflamed both inside and outside the eurozone as Germany posted a record annual trade surplus, in excess of €250 billion. US president Donald Trump’s principal trade advisor commented recently that Germany has been manipulating the euro exchange rate in order to gain competitive advantage.

GLOBAL CORPORATE NEWS

Trump consults with Asian leaders
US president Donald Trump spoke by phone for the first time with Chinese president Xi Jinping and reaffirmed the US commitment to the One China policy. That policy was called into question during the presidential transition, when Trump had direct contact with Taiwanese president Tsai Ing-wen, an apparent breach of protocol. Trump urged closer US–China ties in the call, according to the White House.

US earnings rebound
As of 7 February, Thomson Reuters reports that fourth-quarter earnings for the S&P 500 Index are expected to increase 8.2% from the fourth quarter of 2015. Of the 300 companies in the S&P 500 that have reported to date for the fourth quarter of 2016, 68% have reported earnings above analyst expectations. The Q4 2016 blended revenue growth estimate is 4.3%. The forward four-quarter (1Q17– 4Q17) P/E ratio for the S&P 500 is 17.4.

NEW 52-WEEK HIGH BSE (A):


ADANITRANS

69.65

BANKINDIA

138.70

BEML

1345.75


NEW 52-WEEK LOWS BSE (A):

NOT YET

----


MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

FIRSTSOUCE SOLUTION

21.55

UNITECH

16.11

JUSTDIAL

13.29


MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

UNION BANK

-10.43

NATIONAL ALUMIN

-9.48

INTELLECT DESIGN

-7.51



Eyes will be set on the certain US economic data releases are:

Monday (13 Feb)
Month Bill Auction

Tuesday (14 Feb)
NFIB Small Business

Wednesday (15 Feb)
Retail Sales & MBA Mortgage Applications

Thursday (16 Feb)
Jobless Claims

Friday (17 Feb)
E-Commerece Retail Sales


Fundamental Pick of the week:

Derivative Ideas LIC Housing Finance Ltd For Target Rs.590.00

 

LICHSGFIN added around 1% of open interest as fresh long positions along with some delivery based buying in previous sessions. On charts it is holding strong above its long term as well as short term moving averages on daily charts. We suggest doing a covered call as per levels given below.


Recommendation

BUY LICHSGFIN FEB FUTS BETWEEN 557-559 SL 549, TARGET 590.


Indian Market Outlook:

The Nifty traded in a narrow range throughout the day and was unable to close above 8800. However, it did manage to close in the positive territory for the day as well as for the week. On the lower side, the immediate support is at 8770, whereas the resistance is pegged at 8830, ie the trend line joining the recent highs. The overall trend in the short-term remains positive, as the Nifty is still trading above its crucial support levels. The Bank Nifty looks weaker in the short term compared to the Nifty, but if it manages to surpass the swing high of 20407, then it will gain further upward momentum. The momentum indicator KST has gone into a ‘sell’ mode for both the Indices, which is the only concern in the short term.


TECHNICAL VIEW:

S3

S2

S1

NIFTY

R1

R2

R3

8,670

8,718

8,744

8,793.55

8,840

8,890

8,930

 

Conclusion:


we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.  High made today was 8822 and low made was 8771 so we did not break 8840 on Upside and 8681 on downside forming an inside day pattern suggesting choppy move to continue, Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as shown below is broken bulls will shown an impulsive move on upside. 

 

Making More Money with Stock Market

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This is tricky; or else one and all would have been rich. This requires a lot of lack of complaint, cleverness, know-how and a lot of preparedness or pro-activeness. So what is that hot products in the stock market? Well, it might be one that has suddenly sprung up in value, just out of nowhere! And it in point of fact takes places. It possibly will be a stock of a exceptionally inconsequential corporation yet the fact remains that might be doing remarkably well. So let us get to know how to go for making more money with stock market.

The Stock Market: what’s in store for you!

A stock market is as well known as an equity market. A stock market is an open market for the trading of company-held stock as well as their derivatives at a consented price. It is a large set of connections of several thousands of money-making transactions. It does not have a physical existence as an entity. Yet the fact remains that at one fell swoop the stocks are listed on an actually accessible unit known as the stock exchange. The mounted up worldwide derivatives bazaar has been retorted to be at about twenty times that number! This is an impenetrable amount because it is roughly 11 times the size of the whole global economy. It is unfeasible to analyze the worth of the derivatives market to a stock or a permanent income security, since it is stated in terms of values derived by concept. This essentially points to an authentic assessment. On top of all this, the huge percentage of derivatives quashes one another which simply connotes that a plagiarist gamble on the possibility of an event occurring or not occurring is pitted against a similar copied stake on the event not actually being non-occurring. Loads of such comparatively non liquid securities are valued as per the specific model in place of an actual price in the share market.

Stock market are always moving

You must have heard that stock markets are never still. Stock markets are always moving – effecting forever changing scenarios. This is the sole reason why the stock market is said to be volatile. It is very difficult or rather impossible to predict the stock market precisely. Sometimes it just booms and along with it the economy raises and at other times, bang, it just collapses. There is no warning for the investors. Whenever there is a boom in the stock market, people like to call it a bull run in the stock market. And when it is falling, people call it a bear run happening in the stock market.

 

 

 

Are you the right kind of person to enter the stock market: Do you have what it takes?

Before you say “Yes”, you will need to do a lot of research. You can transact any time – do not forget this; yet the fact remains that you only transact when you have all the prerequisites. Just like they articulate use up nine hours to grind your axe and one hour to slice the tree, in the same way you are doing great and prudently if you assign the most of your time to investigation more willingly than achievement. Even out the salient businesses. Fill up their stock market accounts. Select businesses that have the most excellent testimony of stock market revenue – there are loads of them everywhere. Have that eye. What’s more, be on the look out for the undeclared stocks. A few of them possibly will not have come under civic observation yet the fact remains that have been doing fairly healthy for themselves in the stock market. Take advantage of such prospects if you happen to encounter a few of these.

Take hold of the opportunity to take calculated risks

You need never be belligerent in the stock market. Being antagonistic may grant you huge gains upon a phase of time, yet the fact remains that all together, they also bring in huge hazards. In view of that have staying power and take calculated risks only. Your earnings might not be somewhat to show off yet the fact remains that it will at least be reliable and you will have that all of the essence accomplishment in the good deal which is not anything except a tranquility of perception.

This was a small session on making more money with stock market.

 

How NRI's can take advantage from Indian stock market

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Each and every NRI is capable of investing in the Indian equities market.Experts suggest that investing in Indian stock market is an exciting prospect as the market will be growing at a steady pace in the years to come in the future. For NRI’s wanting to invest in the stock market there are two option available. One of them is the direct route in which they could opt for investing in buying stocks of various listed companies while the other could be investing in mutual funds. For those people who want to directly buy the stocks, there is an option provided by the Reserve Bank of India called the Portfolio Investment Scheme which is available for non-repatriableand also repatriable basis. For those people who do not have a clear understanding of the stock market, mutual funds could be the best option. Any NRI wanting to invest in the Indian stock market through any of the above mentioned scheme does not require any kind of prior permission from the RBI.For NRI who prefer the direct route of making their investments in India, they can invest up to a limit of 5% of the total paid capital of any of the listed Indian companies. NRIs also have complete approval to invest in the secondary market where transaction of stocks takes place. One more added advantage is that NRI can also apply for Initial Public Offers (IPOs) of any company. The only requirement is that the company offering IPO must comply with the norms of offering shares to NRI’s.

The Initial beginning – For every NRI the first step to invest money in the Indian stock market would be to ensure that all the currency has to be in rupees (INR). Foreign currency is not accepted for investment in mutual funds in our country. So for making such investments every NRI needs to create bank account in any local Indian bank. One of those accounts is an NRE account, which is an account which has the option of sending money back to your country of residence. Foreign currency or Indian currency both can be used to open such an account. Another such account is known as the NRO account which is a non-repatriable type of rupee account. The last kind of account is the FCNR account which almost same as the NRE account. The only difference between the two is thatin FCNR account the money is help in the form of foreign currency.In case of the investment by residents, they have to submit some other documents which includethe PAN card as well as an address proof.

The appointment of PoA – Most of the times for NRI investors it is not possible to keep a track of their investment and conduct transactions according to the market situation. It is not possible because in most scenarios they are away and don’t get the time to react to market fluctuation.

                Mutual funds have a provision of power of attorney (PoA) where the he can take the decisions on his behalf. The only requirement is an original or the signed and verified copy of the PoA to be submitted to the issuing authority. Each and every PoA document should contain signatures the PoA holder as well as the NRI investor which would be verified before conducting any transaction.

Redeeming the earnings – Redemption of the funds is done through payment either in the form of cheques or in the form of cash directly to the bank account of the investor. All the earnings are paid in the form of Indian currency.

Taxation regulations – All the taxes which are payable by any investor who is a NRI are similar to the liabilities of any investor who is an Indian resident. In certain cases the NRIs are also liable to pay double taxes, once in their investing country which is India and once in their country of residence again. But if the Government of India has ascheme of avoidance of double taxation treaty (ADTT) with the country of residence of the NRI, then he won’t have to pay their taxes twice

Ability to buy IPO- All the shares which are issued in the form of initial public offerings (IPOs) don not come under PIS. For issuing IPO,the company which issues the IPO is liable to inform RBI about the quantity of shares which it has provided to any NRI.

Any of the shares which are acquired through the IPOs can be easily sold even without holding a PIS account.But each and every NRI has to provide all their bank details must furnish their bank details, for calculating the tax applicable onall the gains which they have been able to gain.

Online trading and the Mutual Fund

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What is a mutual fund? Mutual funds are very rapidly turning out to be an excellent and very intelligent source of income for the next generation of entrepreneurs as they are very lucrative, are a lot more safe and sound than stocks, and for the most part a great deal more logical thing to do for investors than painstakingly investing in the share market. Waiting in the wings the investor has an expected means of livelihood and is totally unable to give over his total dedication to the share bazaar. In utter contradiction to the share market, the mutual funds actually reroute your hard earned cash through numerous channels and a more than enough blend of sundry ventures, together with stocks, bonds, intercontinental ventures, in addition to new securities that in cooperation engender an enormously extra defensive fortification than the share bazaar perhaps will for ever warranty. You should be able to know about online trading and the Mutual Fund.

In stark contrast to the share market, mutual funds are overseen avidly by a finance overseer. These overseers put cautious deliberation to the management of the unit system of the finance, bringing forth and making possible renovations wherever they regard as requisite. At the same time investors in the share bazaar are obliged to maintain an eagle eye on their venture capital persistently, investors in mutual funds are of good judgment to hang about uncomplaining, to assent to their venture capital to go according to the bazaar command. At the same time, the personage modules will until the end of time undergo unevenness, the totting up of the classification will routinely languish constant, and with apposite painstakingness, stay put in a dependable state of augment. Far removed from the domestic case of likelihood of taking part in the share bazaar, the soon-to-be reality for spreading out in mutual funds is approximately for ever and a day conspicuously higher than the likelihood of collapse and disappointment.

What is online mutual trading?

Online mutual fund trading is nothing but the procedure by which we can transact in mutual funds through the use of the internet. It offers a self-directed, broker-free advance to mutual fund trading. It is an ultra-fast procedure where deals can be completed in a matter of a few seconds, without being at the mercy of the mutual fund agent. Totally anyone with an online trading account, an internet connection and some ready money to do without can become involved in online mutual fund trading. Online mutual fund trading is more and more becoming massively accepted with the heaps of mutual fund traders and greenhorns equally. All the same it, like any other form of trading, is not without its risks. Sensex helps you to know the performances of the different stocks in the market.

Online mutual fund trade training preliminaries

Online mutual fund trading literally exposes you to the elements of the mutual fund market. It can be very arduous to trade independently online if you do not have adequate awareness of the mutual fund market.  Albeit you have adequate comprehension and know-how of the mutual fund market and are impulsive to take that first step, you ought to as well have a satisfactorily speedy and absolutely dependable internet connection. There are quite a lot of bona fide cases of populace having their internet connection snapping without alarm when they are making online business deals. A large number of these inopportune public have had lasting hitches recuperating their money missing owing to a wobbly internet service. It is decisive to have a steadfast internet connection. Also remember that you will most indubitably run into technical matters like a sluggish operation, profound internet passage, or a dreadful server. Hence the brightest thing to do here is to have a backup organized. Understand that the mutual fund market is one of the riskiest propositions. Start by investing money that you can do without. Albeit you are fast, do not augment your ventures drastically. Never let greed take over!

Thus, we are able to find out about online trading and the Mutual Fund.

 

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How to earn money from stock market tips from experts


Get LIVE STOCK MARKET TIPS FOR SURE PROFIT FROM INDIAN SHARE MARKET


Stock trading is a very risky affair that too if anyone is untrained and inexperienced in this market. But any person who has an eye for details and is a quick learner than earning some quick cash is not that difficult.Once upon a time stock trading was a simple job of buying stocks and then selling them according to one’s own conviction. But now in present time the scenario has changed drastically. The use of technical analysis which is a form of use science used to predict the probable future prices of stocks from previous data has enabled experts to provide great tips and insights into the world of stock market. This is how the tips provided by the experts help us in maintaining a strong footing in the stock market

Working Mechanism - Technical and qualitative analysis is performed based on historical data regarding the price movement which is plotted on some chart. The main reason for the popularity of these charts is the ease with which they can be understood and interpreted by everyone.

Picking a Stock - Good volume of stocks and also high volatility are some essentials required to gain from the trading in the stock market. Identification of the correct stock as well as fixing of a stop-loss point is of utmost importance.Every trader has to maintain the stop-loss in order to avert big losses. In general the stop-loss level is held stable at 1.5-2%. This signifies that when the stock below this percentage of the purchase price the sock is sold. Experts usually advice traders to maintain a stop-loss level of about the one third level of their expected margins of profit. After any stock has been identified to be bought, experts suggest traders to study its price trends as well as the volumes.The norm is that an uptrend is signified by a high volume with higher price. But exceptions do happen as several people misinterpret the stock volumes because in certain case if both the prices and the volume keep on increasing,it indicates the end of the rally of the stock

Identifying Stock Trends – It is very important to identify stock trends. But it is a very difficult task as the trends do not follow a simple straight line in all occasions. No stock falls continuously on one day and rises continuously on the nest day. All the experts of the stock market us e take the help of various criteria to identify a stock which has high potential. Some of the most popular analytical tool used by experts is the moving average or Fibonacci retracement or even the index of relative strength method. Though these techniques may sound a bit overwhelming, experts are able to use modern software to provide very apt predictions about the stock market.

The Resistance and support levels – Many technical experts always suggest traders to use and maintain support as well as resistance levels while buying or selling stocks. And it is very easy to plot a support as well as a resistance curve and also finding their original values.It is a well-known fact that stock prices always move in a zigzag pattern and have various highs and lows in each and every trading cycle.The support level is always plotted against the low prices which occur in a day and the resistance  level is plotted against the high price of the day.

Further we discuss some of the main quantitative tools used by the experts to define the market trends–

Moving Average Method – The method of 200-day moving average is one of the most widely used tools by experts. This method involves plotting the 200-day consolidated moving average over the very price of the shares present in the price chart.

Index of Relative Strength (RSI) – RSI is mainly used by experts to compare the rate of the recent gains which have taken place against the recent losses occurred during that period. It is done just to asses if any stock has been overbought or has been oversold.

Fibonacci Retracement –An assumption is mainly built up this trend. The assumption is that the market always retraces a certain percentages which are easily predictable by the experts. When the market retraces then they easily produce a buy or even a sell call which is dependent on the very trend predicted.

INDIAN STOCK MARKET VIEW FOR THE WEEK JAN 23, 2016 – JAN 29, 2016

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Events to watch this week

  • Trump sworn in as US president
  • China’s Xi: No one will win a trade war
  • IMF sees fast US growth
  • Draghi: ECB rates to stay low for an extended period

The Week ahead:

  • Global flash purchasing managers’ indices are released on Tuesday, 24 January
  • US existing home sales data are reported on Tuesday, 24 January
  • The UK Q4 gross domestic product is released on Thursday, 26 January
  • The US Q4 GDP is released on Friday, 27 January

For the week,Global equities were little changed on the week as markets awaited clearer policy signals from the incoming US administration. Steady US 10-year-note yields of 2.42% greeted the new president, virtually the same yield that prevailed when Barack Obama was first sworn in eight years ago. West Texas Intermediate crude fell slightly from a week ago, to $52.60 per barrel from $53, while global Brent crude dropped to $55.40 from $56. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 12.4 from 11.20 a week ago.

NIFTY- 8,349.35
CRUDE OIL-Rs 3,642barrel
GOLD-Rs 28,612 gram
Rs/$-Rs 68.18

MARKET ROUND UP

Indian equity benchmark indices the S&P BSE Sensex and the Nifty 50 index closed the week ended Friday, 20 January 2017 on sour note. The trading for the week was lacklustre during four trading sessions from Monday, 16 January to Thursday, 19 January 2017, with a range-bound trading, amid mixed global cues. Albeit, a noticeable slide on the bourses on Friday, 20 January 2017, pulled key indices lower.

The slide on the last trading session of the week is attributable to the caution ahead of US President-elect Donald Trump's inauguration later in the global day on Friday, 20 January 2017. Markets across the globe await a clear cut direction from Trump on US' economic policies.

The Sensex lost 203.56 points or 0.74% to settle at 27,034.50. The Nifty declined 51 points or 0.6% to settle at 8,349.35.

In the broader market, the BSE Mid-Cap index shed 0.43%, with the decline in this index lower than the Sensex's decline in percentage terms. The BSE Small-Cap index bucked the market trend by advancing 0.56% during the week.

Macro Economic Front:

On the Economic Front,data showed during market hours on Monday, 16 January 2017 that inflation based on wholesale price index (WPI) rose 3.39% in December 2016 from 3.15% in November 2016. Another data showed after market hours on Friday, 13 January 2017 that India's trade deficit declined 9.9% to $10.37 billion in December 2016 over December 2015.

The International Monetary Fund (IMF) on Monday, 16 January 2017, cut India's economic growth estimate for 2016-17 to 6.6% from its earlier projection of 7.6% due to the impact of the government's move to scrap some high value currency notes in early November.

Major Action &Announcement:

TCS rose 1.57%. The company announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The announcement was made after market hours on Monday, 16 January 2017.

Infosys declined 2.7%. The company announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. The announcement was made after market hours on Monday, 16 January 2017.

State Bank of India (SBI) advanced 0.04%. The bank said that it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually. The announcement was made after market hours on Tuesday, 17 January 2017.

Maruti Suzuki India fell 0.51%. The company launched the much awaited premium urban compact vehicle for the millennials, IGNIS. The announcement was made after market hours on Friday, 13 January 2017.

Mahindra & Mahindra (M&M) lost 2.1%. The company announced its foray into Turkey, through the acquisition of HisarlarMakinaSanayiveTicaretAnonimSirketi (Hisarlar), a farm equipment company based in Turkey. The announcement was made during market hours on Friday, 20 January 2017.

Coal India lost 3.51%. The board of directors of Central Coalfields, a subsidiary of Coal India approved revision of coking coal prices on 14 January 2017. The increase in price is done by subsuming the washery recovery charge (WRC) which was being charged separately in the case of non-linked washery grade coking coal keeping in view the observation of ADRM. The announcement was made on Saturday, 14 January 2017.

NTPC fell 0.32%. The company said that first unit of 250 megawatts (MW) of Nabinagar Thermal Power Project of 1000 MW capacity of Bhartiya Rail Bijlee Company, BRBCL-a subsidiary of NTPC was declared on commercial operation from 15 January 2017. The announcement was made during market hours on Monday, 16 January 2017.

Tata Steel advanced 1.84%. CARE Ratings downgraded the credit ratings of the company's unsecured non-convertible debentures (NCDs), long term unsecured rupee loan and unsecured subordinated perpetual securities by 1 notch citing uncertainties relating to the disposal/restructuring of Tata Steel UK business. The announcement was made at the fag end of market hours on Thursday, 19 January 2017.

Global Front:

In Overseas Markets,UK Prime Minister Theresa May in a speech on Tuesday, 17 January 2017, indicated Britain will press for a firm exit from the European Union. May said she'll put the terms of the country's exits from the EU to a parliamentary vote. Setting out a vision that could determine Britain's future for generations and the shape of the EU itself, May answered criticism that she has been coy about her strategy with a 12-point plan for what has been dubbed a hard Brexit.

Among economic data in US, industrial output accelerated last month at its strongest pace in two years. The housing-market index from the National Association of Homebuilders showed that builder sentiment slipped in January after notching its highest reading of the business cycle in December. Despite the drop, the January number was the second-highest reading of the cycle.

The European Central Bank held rates and its bond-buying program steady at its Thursday's (19 January 2017) meeting. The bank's President Mario Draghi said the governing body stood ready to intervene further if conditions worsened.

Global Economic News:

Trump vows to restore America’s promise
In his inaugural address, President Donald Trump pledged to transfer power from Washington, D.C., back to the American people. He called for defending the US’s borders while rebuilding its infrastructure. Every decision, whether on trade, taxes or immigration, will be made to benefit American workers and families, he said. While he expects other nations to put their interests first as well, he said the United States will reinforce old alliances and build new ones.

China’s Xi warns on trade war risks
In the first appearance by a Chinese leader at the World Economic Forum in Davos, Switzerland, President Xi Jinping defended globalization. He cautioned other countries against pursuing protectionist policies, adding that no one will emerge as a winner in a trade war. On the domestic front, Xi said that the economy has entered a new normal, driven by household consumption. He affirmed a 6.7% 2016 economic growth target, in the middle of the government’s 6.5%–7% range, but the slowest since 1990.

IMF ups US growth forecast
The US economy will grow 2.3% this year and 2.5% in 2018, according to freshly revised International Monetary Fund forecasts. The IMF raised its forecast by 0.1% for 2017 and 0.4% for 2018. The global growth outlook remained steady from October estimates of 3.4% this year and 3.6% in 2018. The fund estimates that the global economy expanded 3.1% in 2016.

Banks heading for the Brexit?
This week, several banks announced plans to move staff out of London in the wake of Brexit, including HSBC and UBS. Meanwhile, Germany’s Handelsblatt reported that Goldman Sachs may relocate half of its London staff of 6,500. Some jobs will move to New York, while approximately 1,000 could move to Frankfurt, the paper reported. UK prime minister Theresa May this week outlined her plan to put Brexit to a vote in Parliament before triggering Article 50. She said she expects the United Kingdom to leave both the European Union’s single market and its customs union.

GLOBAL CORPORATE NEWS

Draghi says rates to stay very low even after halting asset sales
Interest rates will stay low or head even lower for an extended period, European Central Bank president Mario Draghi said on Thursday, after the Governing Council left its monetary policy unchanged. Draghi looked past a recent uptick in European inflation measures and said the ECB is ready to increase the size of its quantitative easing program, if needed. The Bank of Canada too held policy steady this week, though Governor Stephen Poloz maintained that a rate cut is an option if the Canadian economy takes a hit from more protectionist US policies. Poloz’s dovish tone sent the Canadian dollar lower. US Federal Reserve chair Janet Yellen said Thursday that the Fed is close to its goals and that she expects to hike rates "a few times” this year. Futures markets have just over two 25-basis-point hikes priced in at present. Yellen added that allowing the economy to run persistently hot would be risky and unwise.

NEW 52-WEEK HIGH BSE (A):

 

Adani Power

38.95

CESC

703.00

GAIL

471.20


NEW 52-WEEK LOWS BSE (A):

RCOM

30.85

DIVISLAB

710.10


MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

SUZLON

15.36

GUJARAT STATE

13.06

DEN NETOWORK

10.15


MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

MMTC

-8.28

NHPC

-7.18

TV 18

-6.71



Eyes will be set on the certain US economic data releases are:

Monday (23 Jan)
No Major Data
Tuesday(24 Jan)
Existing Home Sales

Wednesday(25 Jan)
MBA Mortagage Applications
Thursday(26 Jan)
Jobless Claims& New Home Sales
Friday(27 Jan)
Consumer Sentiment

Fundamental Pick of the week:

Accumulate PTC India Financial Services Ltd For Target Rs.50.00

Investment Rationale

* PTC India Financial Services (PFS) is a non-banking finance company promoted by PTC India (60% stake). PFS has been granted the status of Infrastructure Finance Company by RBI. It offers wide range of debt and equity linked financing products meeting the financing needs of power projects and is exclusively devoted to power sector.

* PFS, initially, had the largest exposure to thermal power projects at ~60% till FY12, primarily sourced as a reference from parent company PTC India. The company is now able to garner business on its own with focus on small and medium renewable power projects, which constitute 44% of the overall loan book and garner better yields.

* NIMs (~6%), ROE (~16-20%) , ROAs(~3%) have remained stable for the company . Asset quality has deteriorated over FY15 with G/ NNPAs of 3.4/2.3% in FY16 due to slip up in a couple of accounts.

Recommendation

Accumulate PTC India Financial Services Ltd @ 41-42 Stoploss 38 Target 50 CMP 41.60


Indian Market Outlook:

The Indian markets posted modest gains in the last session despite choppy trade, as investors remained optimistic of upbeat corporate earnings results. Today, the start is likely to be soft to cautious on mostly unsupportive global cues. However, markets may see recovery in latter trade and shore up with India emerging as the 'sweet spot' along with neighbour China to rev up the global economic growth at the World Economic Forum (WEF) Annual meet in Davos. Along with China, India was also applauded as a major driving force for world growth with leaders and economists emphasising the need for increased regional cooperation. IT and pharma stocks will be under pressure ahead of Donald Trump's swearing-in as US President today. There will be caution on talks of pricing pressure on pharma, and new H1B norms for IT companies. The aviation stocks will be in action, as more than three dozen airports across India, which today do not handle a single flight, may get connected under the government’s UDAN (UdeDeshKaAamNaagrik) scheme. Bids by interested airlines have been received to connect 43 such new airports for 190 routes. There will be lots of individual result reactions too, to keep the markets buzzing for the day.


TECHNICAL VIEW:

S3

S2

S1

NIFTY

R1

R2

R3

8,235

8,280

8,318

8,349.35

8,454

8,499

8,540


Nifty not able to go anywhere through the week and is stuck in a small range between Gann levels 8373-8465. Imp levels to watch today are 8397-8460 either side rally will happen after a long consolidation during the week. Lower supports on breach of 8397 is 8373-8348-8301. Over all the bullish trend we got from the lows of 7893 had fizzled out and to regain strength Nifty has to close the week ab 8465. There is no major support form the Nifty components except Banking and Financials which also now looks tired. 

BankNifty support 19072 and hurdle 19220. Either side will see a rally. Yesterday saw weakness and was choppy with in a range and trying to get direction.

Conclusion:

Nifty index traded sideways for most past of the passing week but steep sell-off on Friday i.e. 20th January made it settle at the weekly lowest levels. The sell off was due to Donald Trump’s inauguration as the 45th US President. Market participants were seen taking a cautious stance ahead of the same. Overall markets bias remains in favor of the bulls; hence, dips from the current levels can be utilized to accumulate good quality stocks for medium to long-term. For the up coming week, we expect Nifty index to trade in range 8250-8500. Auto and Bankex top our preferred list of sectoral pivots.


IPO- BSE Limited issue opens on 23rd January

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The issue opens on January 23, 2017 and closes on January 25, 2017


BSE Limited is the owner and operator of the Bombay Stock Exchange (BSE), India's largest stock exchange by number of companies listed. The BSE was established in 1875 as the first stock exchange in Asia. Today, the BSE has more than 5,000 companies listed on it - the highest in any exchange around the world. The world's two leading global exchanges, Deutsche Bourse and Singapore Exchange are strategic partners in BSE Limited. 

The issue opens on January 23, 2017 and closes on January 25, 2017

Details of the BSE IPO

Issuer: BSE Limited

Issue opening date: January 23, 2017

Issue closing date: January 25, 2017

Price band: Rs805 to Rs806 per share

Lot size: 18 equity shares and in multiple thereafter

Issue size: Rs1,241.89 crore to Rs1,243.43 crore

Issue allocation: QIB - 50%; NIB - 15%; Retail - 35%

Mode of payment: ASBA is mandatory (cheques will not be accepted)

GCBRLMs: Edelweiss Financial Services Ltd, Axis Capital Ltd, Jefferies India Pvt Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd

BRLM: Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Ltd and SMC Capitals Ltd

Registrar: Karvy Computershare Pvt Ltd

Listing: Proposed to be listed on the National Stock Exchange


Company’s competitive strengths

  • Strong brand equity with a track record of innovation
  • Diversified and integrated business model; active relationship with market participants
  • State-of-the-art infrastructure and technology
  • Financial strength and diversified sources of revenue
  • About the company

    BSE Limited is the owner and operator of the BSE, India's largest stock exchange by number of companies listed. The BSE was established in 1875 as the first stock exchange in Asia. The BSE is one of India's leading exchange groups. Today, the BSE has more than 5,000 companies listed on it - the highest in any exchange around the world. The companies listed on the BSE command a total market capitalisation of $1.64 trillion as of September 30, 2015. The world’s two leading global exchanges, Deutsche Bourse and Singapore Exchange, are strategic partners in BSE Limited.

    The BSE offers trading in Equity, Debt, Derivatives, Mutual Funds and SME Equity. The S&P BSE Sensex is India's most widely tracked stock market benchmark. The BSE also offer services such as Risk Management, Clearing, Settlement, Market Data services, IT services & solutions, and licensing index products like the S&P BSE Sensex. The BSE also provides depository services through its arm Central Depository Services Ltd (CDSL).

    Objects of the issue

    • To achieve the benefits of listing the equity shares on NSE and;
    • For the sale of equity shares by the selling shareholders.

     

    FAQs on IPO

    1. What is an IPO or public issue?

    An initial public offering (IPO)/public issue is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves the way for listing and trading of the issuer’s securities.

    The shares are initially issued in the primary market at an offering price determined by the lead manager(s)/the merchant banker(s) to the IPO.

    The primary market consists of a syndicate of investment banks and broker dealers that the lead managers assemble and that allocate shares to institutional, high net worth individuals (HNI) and individual/retail investors.

    2. What is a price band?

    As far as IPOs are concerned, a price band is a value-setting method whereby a seller indicates an upper and lower cost range, between which the buyers/investors are able to place their bids. The price band's floor and cap provide guidance to the buyers.

    3. Who decides the price band?

    It is up to the company to decide on the IPO price or the price band, in consultation with the lead managers.

    The basis of IPO price is disclosed in the offer document. The issuer is required to disclose in detail about the qualitative and quantitative factors justifying the IPO price.

    4. How is the IPO price determined?

    The IPO price is normally based on such factors as the company’s financials, products and services, income stream as well as the demand for the shares and current market conditions.

    The lead managers must determine a fair offering price, which takes into consideration the need for the company to raise capital while offering the new issue at a price which represents a fair value of the shares.

    5. What is a Red Herring Prospectus?

    A Red Herring Prospectus (RHP) is a document submitted by a company (issuer) as part of a public offering or an IPO of securities (either stocks or bonds).

    6. Who is a retail investor as far as IPO is concerned?

    A retail individual investor means an investor who applies or bids for securities of or for a value of not more than Rs 2,00,000.

    7. Can a retail investor also bid in a book-built IPO?

    Yes. He can bid in a book-built IPO for a value not more than Rs 2,00,000. Any bid made in excess of this will be considered in the HNI category.

    8. Can bids in a book-built IPO be changed/revised?

    Yes. Investors can change or revise the quantity or price in the bid using the form for changing/revising the bid that is available along with the application form. However, the entire process of changing or revising the bids shall be completed before the IPO closes.

    9. How can investors know the number of shares allotted to them?

    In case of fixed price issues, investors are intimated about the CAN/Refund order within 10 days of the closure of the IPO.

    In case of book built IPOs, the basis of allotment is finalised by the book-running lead managers within two weeks from the closure of the issue. The registrar then ensures that the demat credit or refund as applicable is completed within 6 working days of the closure of the issue.

    10. Which are the reliable sources for me to get information about response to IPOs?

    In the case of book-built issues, the exchanges (Bombay Stock Exchange/National Stock Exchange) display the data regarding the bids obtained (on a consolidated basis between both these exchanges).

    The data regarding the bids is also available category-wise.

    11. How do I know if I am allotted shares? And by what timeframe will I get a refund if I am not allotted?

    Investors are entitled to receive a Confirmatory Allotment Note (CAN) in case they have been allotted shares within 6 working days from the closure of a book Built issue. The registrar has to ensure that the demat credit or refund as applicable is completed within 6 working days of the closure of the book-built issue.

    The lead managers also publish an advertisement at least in an English national daily with wide circulation, one Hindi national paper and a regional language daily circulated at the place where registered office of the issuer company is situated.

    12. How long will it take after the issue for the shares to get listed?

    The listing on the stock exchanges is done within seven days from the finalisation of the issue.

    Ideally, it would be around three weeks after the closure of the book-built issue.

    In case of fixed price issue, it would be around 10 days after closure of the issue.

Domestic currency market Vs International forex market

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Invest in the market just by understanding the condition of the market

Making money is not a very easy task and people should always be extra cautious while choosing their path to earn money. The money markets or the business market offer a golden opportunity to earn handsome returns, but are open for the people who invest smartly. People looking to earn effective returns should step ahead smartly and at the same time one need to be extremely cautious while moving in the currency market. Considering the conditions of the market and then stepping ahead in the world market is much simple as people can understand the importance of investing in a certain market. Investing in the market by seeking the support of the licensed experts ensure positive returns and people should first get clarity on where and how to invest.

Domestic market

The market is a place where most of the buying and selling takes place this may be the shares, funds, bonds and many more. The domestic market even helps investors to get an opportunity to invest for the short term of period. The domestic currency is the money, which is commonly used in regular transactions and the primary currency that helps in running the business smoothly. This is the basic money of the country where people can spend in the markets and get the essentials. The domestic currency market is a place where people can purchase and sell the shares and bonds as per the market rate and gain better benefits. The domestic money market is a place where people can deal or move ahead with the local money or the exclusive currency, which is mostly used in various transactions in the country.

Forex market

Whereas the Forex market is known for the exchange of foreign currency and people need to deposit money in banks. The foreign exchange involves dollars along with the currency of other countries and people can exchange or convert the dollars in to Indian rupees by following some rules. All the transactions are to be done in the certified places or banks and the rate depends on the foreign exchange rate.

·         There are various factors that owe an impact over the exchange price and people can only exchange the money based on the situation. The international Forex market mostly depends on the economic and political conditions which increase and decrease the value of the money during the exchange.

·         It is even true that buying and the selling rate of the US dollar varies as people  who like to increase their growth should be active in trade and need to consider even the simplest change in the country. In the forex market people need to par their currency with other and then enjoy exchanging depending on the rate.

·         Pairing of the different currency helps in earning better returns, but it is a must to choose the right currency combination. Mostly pronounced as the base currency and the quote currency they are used in the market as perthe provided market rate.

·         People need to exchange as per the pairs, but one unit based on the moment or changes in the market. One should be stable to withstand while the market is falling as earning better returns is easy for the one who patiently handle the situation.

Seek expert support

Whether it is a direct currency market or a forex market people who want to win need to seek the support of the professional expert. he expert service provider through a thorough research in the market and its changes help by offering tips one when and how to invest. People can gain better returns through both the market when they are extra cautious and at the same time move in a napt manner. Withstanding the risk is easy for an investor by following the guidance of the service provider who tips with the support of the research team. So people looking to earn better returns should communicate with the experts and explain the interest as this is the only way to become successful in the currency market. Look for a very strong firm and then make sure that you gain a better knowledge regarding the market and the activities which enhance in earning quality returns. The best part with the certified experts is that they offer complete updates regarding the session and this is one outstanding way to gain handsome profits.

WEEKLY NIFTY TRADING VIEW FOR THE WEEK JAN16, 2016–JAN22, 2016

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Events to watch this week

  • December US core retail sales flat
  • China reports 2016 export drop
  • US small business optimism soars
  • World Bank projects modest 2017 growth uptick

The Week ahead:

  • US financial markets are closed for Martin Luther King Jr. Day on Monday, 16 January
  • The World Economic Forum in Davos begins on Tuesday, 17 January
  • The European Union reports consumer price data on Wednesday, 18 January
  • The United States reports consumer price data on Wednesday, 18 January
  • The European Central Bank holds a rate-setting meeting on Thursday, 19 January
  • China reports retail sales and gross domestic product figures on Friday, 20 January

For the week,Global equities extended gains this week as US financial firms kicked off the Q4 earning season with solid results. US 10-year Treasury note yields were steady at 2.42%. West Texas Intermediate crude dipped to $53 a barrel from $53.90 a week ago, and Global Brent crude dropped to $56 a barrel from $56.90. The Chicago Board Options Exchange Volatility Index (VIX) was steady at 11.20.

NIFTY- 8,400.35
CRUDE OIL-Rs 3,586barrel
GOLD-Rs 28,385 gram
Rs/$-Rs 68.16

MARKET ROUND UP

The market edged higher last week, backed by positive global cues. The Sensex crossed the psychologically important 27,000 level. India's industrial production surged at 13-months high pace of 5.7% in November 2016 over November 2015, snapping 1.8% fall recorded in October 2016. The manufacturing sector's production jumped 5.5%, while mining output rebounded 3.9% after three months of decline, contributing to the increase in industrial production. The data was released by the government after market hours on Thursday, 12 January 2017.In the week ended Friday, 13 January 2017, the Sensex rose 478.83 points or 1.79% to settle at 27,238.06. The Nifty 50 index rose 156.55 points or 1.90% to settle at 8,400.35.

The BSE Mid-Cap index gained 317.31 points or 2.58% to settle at 12,639.03. The BSE Small-Cap index 249.52 points or 2.01% to settle at 12,689.85. Both these indices outperformed the Sensex.

Macro Economic Front:

On the Economic Front,Finance Minister ArunJaitley, in his address on the second day of vibrant Gujarat Global Investors Summit on Wednesday, 11 January 2017, on demonetization, said that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them.

Stressing the implementation of the Goods and Services Tax (GST), Jaitley said that most of the issues have been resolved, few critical issues are left which will be resolved in the next few weeks. He further added that GST Council is deliberative democracy in action and the impact of both GST and demonetization will be felt this year.

Major Action &Announcement:

Tata Steel was top gainer in the Sensex pack last week. The stock rose 6.36% to Rs 446.40 last week after the company announced that its total sales rose 27.45% to 29.94 lakh tonne in Q3 December 2016 over Q3 December 2015. The growth in sales was enabled by higher sales in the automotive segment, branded products and value-added products & scaling up of sales in new segments. The announcement was made during market hours on Monday, 9 January 2017.

Auto major Tata Motors rose 3.38% to Rs 514.65. Tata Motors Group's global wholesales rose 4% to 95,081 units in December 2016 over December 2015. The announcement was made after market hours on Tuesday, 10 January 2017. Tata Motors' subsidiary Jaguar Land Rover reported 12% rise in total retail sales to 55,375 units in December 2016 over December 2015. The announcement was made during market hours on 9 January 2017.

Software major TCS fell 1.38% to Rs 2,252. The company's consolidated net profit rose 2.9% to Rs 6778 crore on 1.5% increase in revenue to Rs 29735 crore in Q3 December 2016 over Q2 September 2016. The result was announced after market hours on Thursday, 12 January 2017. The results are as per International Financial Reporting Standards (IFRS).

Infosys' consolidated net profit rose 2.8% to Rs 3708 crore on 0.2% fall in revenue to Rs 17273 crore in Q3 December 2016 over Q2 September 2016. The consolidated net profit rose 1.5% to $547 million on 1.4% fall in revenue to $2551 million in Q3 December 2016 over Q2 September 2016. The results are as per International Financial Reporting Standards (IFRS).

State-run NTPC advanced 4.36% to Rs 171.05 after the company signed a non-binding memorandum of understanding (MoU) with Rajasthan RajyaVidyutUtpadan and Rajasthan UrjaVikas Nigam for take-over of Chhabra thermal power plant stage-I (4x 250 MW) and stage-II (2x660 MW) of Rajasthan UrjaVikas Nigam. The announcement was made during market hours on Thursday, 12 January 2017.

US President-elect Donald Trump said in his first press conference late Wednesday, 11 January 2017 that pharmaceutical companies were getting away with murder with respect to drug pricing and promised a complete turnaround, making healthcare less expensive and better. He said that US is the largest buyer of drugs in the world, and yet, the country does not bid properly, prioritising bringing back drug industries back to the US. He added that US firms would start bidding and save billions. Trump also said he would repeal and replace Obamacarethe country's existing affordable healthcare legislation-shortly after price approvals, which could impact pharma companies.

Global Front:

In Overseas Markets,investors will look forward to the policies and actions of US President-elect Donald Trump, whose focus is on creating jobs and increasing spending in the US. If Trump's policies run into headwinds, then the domestic market may witness heightened volatility. China Q4 Gross Domestic Product (GDP) data for December 2016 will be announced on Monday, 16 January 2017. China's Industrial Production data for December 2016 will be announced on Monday, 16 January 2017.

UK Consumer Price Index (CPI) data for for December 2016 will be announced on Tuesday, 17 January 2017.

Global Economic News:

US holiday sales disappoint
US retail sales rose 0.6% in December, but were flat when excluding automobile and gasoline sales.

China’s 2016 exports fall
Exports from China fell for a second year amid persistent weakness in global trade. The possibility of disagreements with the United States over trade does not brighten the outlook for 2017. In 2016, exports fell 7.7% while imports slid 5.5%. There were some bright spots discernible, suggesting domestic demand is improving. Record amounts of oil, iron ore, copper and soybeans were imported in 2016.

Outlook upbeat for small businesses
The National Federation of Independent Businesses termed the jump in its small business optimism indicator “stratospheric” as the number of business owners who expect better business conditions jumped 38 points. The index rose to 105.8, its highest level since 2004. The increased optimism is leading to more business activity, such as capital investment, according to the group.

Global economy to expand 2.7% says World Bank
Despite stagnant global trade, subdued investment and heightened policy uncertainty, the World Bank expects global growth to expand at a 2.7% rate in 2017, up from 2.3% in 2016, a post-crisis low. Hoped- for fiscal stimulus from the US could generate fast growth, the bank said, though it cautioned that trade protection could have adverse effects.

Pace of US stimulus questioned
President-elect Donald Trump held a press conference this week but did not lay out a clear timeline or framework for the tax cuts and regulatory reforms he campaigned on. Markets are growing concerned that stimulus could come later than expected or be smaller in size than first envisioned. Trump did say that the Affordable Care Act would be repealed and replaced “essentially simultaneously.” The president-elect said that he would place his business interests in a trust and transfer control of his company to his two adult sons.

GLOBAL CORPORATE NEWS

BOE’s Carney: Brexit no longer biggest risk to stability
Bank of England governor Mark Carney said this week that Brexit is no longer the biggest single risk to financial stability in the United Kingdom. That’s a dramatic change in tune from the nation’s top central banker. Before the referendum in June, Carney warned of severe economic consequences if Britons voted to leave the European Union. Now, Carney says that the bank will very likely revise its economic forecast higher next month. The EU, Carney said, has more to lose from a “hard” Brexit than the UK.

 

NEW 52-WEEK HIGH BSE (A):

 

Adani Power

37.30

BEML

1245..00

NLINDIA

94.50

NEW 52-WEEK LOWS BSE (A):

RCOM

31.05

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

beml LTD

21.50

NLC INDIA

14.19

GUJMINERAL DEV

13.97

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

OIL INDIA LTD

-26.42

CADILA HEALTHCARE

-7.99

RELAINCE COMMU

-7.10


Eyes will be set on the certain US economic data releases are:

Monday (16 Jan)
All Markets Closed
Tuesday(17 Jan)
Week Bill Anouncement& Month Bill Auction

Wednesday(18 Jan)
Consumer Price Index &MBA Mortgage Applications
Thursday(19 Jan)
Jobless Claims& Natural Gas Report
Friday(20 Jan)
No Major Data

Fundamental Pick of the week:

BUY Tata power Ltd For Target Rs. 88.00

The stock rose to two and half month closing high post giving break-out from “Symmetrical Triangle” pattern.We believe the stock will surge in the near-term, as (i) substantial rise in volume on the break-out day and (ii) gradual rise in RSI & MACD post their positive cross-over is signaling strength in the stock and in favor of probable rebound.On the higher side, the stock will initially face resistance around prior swing high and monthly moving average thereafter.

Recommendation

Long position can be initiated in Rs79.50-79 range for target of Rs88 with a strict stop loss of Rs76.

Indian Market Outlook:

The Nifty opened higher and ended the trading session on a positive note. It is approaching significant resistance levels. The 20 Week Moving Average (WMA) and the 50% retracement of the fall from 8968 to 7893 are converging at around 8430. It would be interesting to see if the bears manage to defend the crucial resistance level of 8430 or not. If the Nifty breaks and sustains above 8430, then a move towards 8510-8560 is likely. However, the Index is losing momentum on the upside. The hourly momentum indicator is already showing a negative divergence and has also given a negative crossover. Therefore, some caution needs to be maintained while initiating fresh long positions. The bulls will gain momentum if the Nifty breaks and sustains above 8430. The Index is interestingly poised at this moment. It continues to make higher top and higher bottom, indicating that the current uptrend can persist in the near term. Traders holding long positions in the Nifty should trail stop loss, as the momentum is weakening.

TECHNICAL VIEW:

 

S3

S2

S1

NIFTY

R1

R2

R3

8,265

8,315

8,361

8,400.35

8,449

8,499

8,540

 

Conclusion:

 

Nifty continue its uptrend now range of 8430-8435 is very important zone of resistance,crossing the same rally can extend towards 8600. Taking resistance in zone we can see downmove towards 8250. High made today was 8417 and low 8382 and close at 8407. As we have weekly closing tomorrow so bulls will be happy to close above the gann resistance zone as shown in below chart,bears will be happy to close below 8380. Close above 8440 can see next round of upmove towards 8555/8598. Bears below 8370 can move back towards 8270-8250 range.

 

 

Happy Investing…..

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