Intraday calls
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06th Jan 2015, Analysis:
Indian Stock Market to open gap negative with 35-70 points for Nifty and 150-250 points for Sensex. Now crude prices are the biggest worry for the global market.
Crude price fell below $50 yesterday and hence today, we can see some strong downfall in Indian Stock Market.
Today, the trade is on negative side for Indian Stock Market and traders should trade negative for the day.
BankNifty if closed below 18700 spot levels and 18820 for future levels, then it would enter into negative trend and we can see sharp fall after those levels are breached on the closing basis.
All eyes are now set on Infosys results on Friday. FIIs were net buyers of of Rs.472 crores whereas DIIs were net sellers of Rs.575.74 crores on Monday.
Nifty would see strong support at 8290-8250-8200 levels whereas strong resistance would be seen at 8430-8450-8505 levels.
NSE Nifty: (8378) The support for the Nifty is at 8290-8250-8200 and the resistance to the up move is at 8430-8450-8505 levels.
NSE BankNifty: (19017) The support for the BankNifty is at 18920-18750-18630 and the resistance to the up move is at 19120-19340-19500 levels.
BSE Sensex: (27842) The support for the Sensex is at 27740-27600-27520 and the resistance to the up move is at 28028-28130-28300 levels.
Indian Stock Market to open gap negative with 35-70 points for Nifty and 150-250 points for Sensex. Now crude prices are the biggest worry for the global market.
Crude price fell below $50 yesterday and hence today, we can see some strong downfall in Indian Stock Market.
Today, the trade is on negative side for Indian Stock Market and traders should trade negative for the day.
BankNifty if closed below 18700 spot levels and 18820 for future levels, then it would enter into negative trend and we can see sharp fall after those levels are breached on the closing basis.
All eyes are now set on Infosys results on Friday. FIIs were net buyers of of Rs.472 crores whereas DIIs were net sellers of Rs.575.74 crores on Monday.
Nifty would see strong support at 8290-8250-8200 levels whereas strong resistance would be seen at 8430-8450-8505 levels.
NSE Nifty: (8378) The support for the Nifty is at 8290-8250-8200 and the resistance to the up move is at 8430-8450-8505 levels.
NSE BankNifty: (19017) The support for the BankNifty is at 18920-18750-18630 and the resistance to the up move is at 19120-19340-19500 levels.
BSE Sensex: (27842) The support for the Sensex is at 27740-27600-27520 and the resistance to the up move is at 28028-28130-28300 levels.
Bullish gap up Candlestick pattern was formed by VA Tech Wabag Limited on 05/01/2015 with rise in volume. Prior to pattern formation this share was in uptrend.
Three inside up Candlestick pattern was formed by VA Tech Wabag Limited on 02/01/2015
Bullish harami Candlestick pattern was formed by VA Tech Wabag Limited on 01/01/2015
Hold on for more gains in the coming days...
Three inside up Candlestick pattern was formed by VA Tech Wabag Limited on 02/01/2015
Bullish harami Candlestick pattern was formed by VA Tech Wabag Limited on 01/01/2015
Hold on for more gains in the coming days...
Maharashtra government may increase FSI from 1.33 to 2.5 for Mumbai – Structurally Positive for Oberoi Realty, Godrej Properties, HDIL, DB Realty but could put pressure on real estate prices in the near term
As per media reports the Maharashtra government is planning to increase floor space index (FSI) from 1.33 to 2.5 in Mumbai.
The Cabinet is yet to take a call on it and give approval for the same. The development if gets passed is positive for real estate players like Oberoi Realty, Godrej Properties, HDIL, DB Realty among others in terms of revival in demand for real estate in Mumbai assuming the developers do not reduce the prices significantly on account of increased supply post FSI increase.
As per media reports the Maharashtra government is planning to increase floor space index (FSI) from 1.33 to 2.5 in Mumbai.
The Cabinet is yet to take a call on it and give approval for the same. The development if gets passed is positive for real estate players like Oberoi Realty, Godrej Properties, HDIL, DB Realty among others in terms of revival in demand for real estate in Mumbai assuming the developers do not reduce the prices significantly on account of increased supply post FSI increase.
Va Tech Wabag Ltd. - Update
VA Tech Wabag Ltd, a company in the water and sewage treatment industry, saw its shares jump by 6% on Monday. It won a contract to set up a Rs.220 crore sewage treatment plant (STP) in the Varanasi part of the Ganga river conservation project. This win takes its order book size to around Rs.5,600 crore, up 8% from September-end and 2.5 times the previous fiscal’s sales level.
The government’s thrust on better sanitation facilities is throwing up more opportunities for companies such as VA Tech Wabag. “Based on Government of India’s data, it is estimated that a total investment of around Rs.1,350 crore is required for setting up sewage treatment plants in both class I and class II cities and further Rs.180 crore is needed for its operation and maintenance,” Anand Rathi Share and Stock Brokers Ltd said in a note.
Apart from sewage treatment, the outlook for the desalination business is also improving. The Tamil Nadu government plans to build two more desalination projects in Chennai. Gujarat, Karnataka, Seemandhra and West Bengal also have plans to build desalination projects, ICICI Securities Ltd said in a note.
If these projected investments take place, VA Tech Wabag, which has 14% market share in India, can expect better order inflows. In an interview to CNBC TV18, Rajiv Mittal, chief executive officer of VA Tech Wabag, said the company expects more orders in January-March and expressed confidence of meeting the current fiscal order inflow guidance. :thumb: :clapping:
The ambitious Ganga river cleaning and conservation project, for instance, is estimated to entail a capital expenditure of almost Rs.50,000 crore, ICICI Securities Ltd said in a note. Similarly, the Delhi government’s sewage master plan is estimated to cost Rs.19,500 crore. The Delhi government project is at a nascent stage. But if the current order inflow trend continues—the company had won two contracts in the Philippines in the December quarter—Wabag’s sales and margins could see a steady increase.
The Indian and South East Asian business—which contributes half of Wabag’s revenue—carries better margins than its European subsidiaries. This, along with the focus on moving operations from high cost to less expensive countries like India can aid margins, too. From a level of 9.3% in the previous fiscal, ICICI Securities expects the company’s Ebitda (earnings before interest, taxes, depreciation and amortization) margin to expand to 9.6% this year and further to 10% next year.
Improvement in margins and new order inflows will play a critical role in determining if VA Tech Wabag’s stock outperformance continues. Post last year’s rally, the stock is already trading at 28 times the current fiscal and 24 times the next year’s earnings per share estimates.
VA Tech Wabag Ltd, a company in the water and sewage treatment industry, saw its shares jump by 6% on Monday. It won a contract to set up a Rs.220 crore sewage treatment plant (STP) in the Varanasi part of the Ganga river conservation project. This win takes its order book size to around Rs.5,600 crore, up 8% from September-end and 2.5 times the previous fiscal’s sales level.
The government’s thrust on better sanitation facilities is throwing up more opportunities for companies such as VA Tech Wabag. “Based on Government of India’s data, it is estimated that a total investment of around Rs.1,350 crore is required for setting up sewage treatment plants in both class I and class II cities and further Rs.180 crore is needed for its operation and maintenance,” Anand Rathi Share and Stock Brokers Ltd said in a note.
Apart from sewage treatment, the outlook for the desalination business is also improving. The Tamil Nadu government plans to build two more desalination projects in Chennai. Gujarat, Karnataka, Seemandhra and West Bengal also have plans to build desalination projects, ICICI Securities Ltd said in a note.
If these projected investments take place, VA Tech Wabag, which has 14% market share in India, can expect better order inflows. In an interview to CNBC TV18, Rajiv Mittal, chief executive officer of VA Tech Wabag, said the company expects more orders in January-March and expressed confidence of meeting the current fiscal order inflow guidance. :thumb: :clapping:
The ambitious Ganga river cleaning and conservation project, for instance, is estimated to entail a capital expenditure of almost Rs.50,000 crore, ICICI Securities Ltd said in a note. Similarly, the Delhi government’s sewage master plan is estimated to cost Rs.19,500 crore. The Delhi government project is at a nascent stage. But if the current order inflow trend continues—the company had won two contracts in the Philippines in the December quarter—Wabag’s sales and margins could see a steady increase.
The Indian and South East Asian business—which contributes half of Wabag’s revenue—carries better margins than its European subsidiaries. This, along with the focus on moving operations from high cost to less expensive countries like India can aid margins, too. From a level of 9.3% in the previous fiscal, ICICI Securities expects the company’s Ebitda (earnings before interest, taxes, depreciation and amortization) margin to expand to 9.6% this year and further to 10% next year.
Improvement in margins and new order inflows will play a critical role in determining if VA Tech Wabag’s stock outperformance continues. Post last year’s rally, the stock is already trading at 28 times the current fiscal and 24 times the next year’s earnings per share estimates.
07th Jan 2015, Analysis:
Indian Stock Market to open flat to low as muted trend seen in other Asian markets. After a big fall yesterday, Indian Stock Market can see some short covering but Indian Stock Market including BankNifty has entered into negative zone and traders should trade short in this market at every upmove.
Nifty can see levels of 7980 levels in days to come. All eyes are now set on Infosys results on Friday. FIIs were net sellers of of Rs.1570.76 crores whereas DIIs were net buyers of Rs.1189.65 crores on Tuesday.
Nifty would see strong support at 8050-7960-7800 levels whereas strong resistance would be seen at 8200-8250-8300 levels.
NSE Nifty: (8127) The support for the Nifty is at 7960-7800 and the resistance to the up move is at 8200-8250-8300 levels.
NSE BankNifty: (18431) The support for the BankNifty is at 18100-17770-17500 and the resistance to the up move is at 18570-18700-18880 levels.
BSE Sensex: (26987) The support for the Sensex is at 26730-26460-25830 and the resistance to the up move is at 27320-27500 levels.
Indian Stock Market to open flat to low as muted trend seen in other Asian markets. After a big fall yesterday, Indian Stock Market can see some short covering but Indian Stock Market including BankNifty has entered into negative zone and traders should trade short in this market at every upmove.
Nifty can see levels of 7980 levels in days to come. All eyes are now set on Infosys results on Friday. FIIs were net sellers of of Rs.1570.76 crores whereas DIIs were net buyers of Rs.1189.65 crores on Tuesday.
Nifty would see strong support at 8050-7960-7800 levels whereas strong resistance would be seen at 8200-8250-8300 levels.
NSE Nifty: (8127) The support for the Nifty is at 7960-7800 and the resistance to the up move is at 8200-8250-8300 levels.
NSE BankNifty: (18431) The support for the BankNifty is at 18100-17770-17500 and the resistance to the up move is at 18570-18700-18880 levels.
BSE Sensex: (26987) The support for the Sensex is at 26730-26460-25830 and the resistance to the up move is at 27320-27500 levels.
Dhanuka has corrected from recent high of 554.05 on 01st jan to 518.1 on 07th jan.
Fall of about nearly 6.5%
At present w.r.to MACD, bearish crossover has happened and moved towards downtrend.
S3 S2 S1 Pivot R1 R2 R3
Rs. 491.3 Rs. 503.4 Rs. 510.8 Rs. 522.9 Rs. 530.2 Rs. 542.3 Rs. 549.7
Dhanuka is having strong support around 510 levels and resistance at 530.
A move past 530 with good volumes, we will see targets of 565-580 soon.
A close below 505, will go for targets of 480-465
Moreover, delivery % is 76.64%, 87.31%, 61.24%, 53.86%, 79.35%, 91.37%, 75.72% which is on the higher side for the past 7 sessions... which shows accumulation is going around these levels.
Fall of about nearly 6.5%
At present w.r.to MACD, bearish crossover has happened and moved towards downtrend.
S3 S2 S1 Pivot R1 R2 R3
Rs. 491.3 Rs. 503.4 Rs. 510.8 Rs. 522.9 Rs. 530.2 Rs. 542.3 Rs. 549.7
Dhanuka is having strong support around 510 levels and resistance at 530.
A move past 530 with good volumes, we will see targets of 565-580 soon.
A close below 505, will go for targets of 480-465
Moreover, delivery % is 76.64%, 87.31%, 61.24%, 53.86%, 79.35%, 91.37%, 75.72% which is on the higher side for the past 7 sessions... which shows accumulation is going around these levels.
Last edited:
08th Jan 2015, Analysis:
Indian Stock Market to open gap positive with 30-60 points for Nifty as oil worries eases. Technically, now we can see some short covering (positive movement) in the market.
8065 would be a pivot point for Nifty, which if breached on the negative side, we would see a sharp downfall in that case and levels of 7980 would be seen in that case in next couple of days.
For today, traders can go long until Nifty holds 8065 levels and book profits near the resistance levels. All eyes are now set on Infosys results on Friday. FIIs were net sellers of of Rs.1073.18 crores whereas DIIs were net buyers of Rs.601.4 crores on Wednesday.
Nifty would see strong support at 8060-7960-7800 levels whereas strong resistance would be seen at 8200-8250-8300 levels.
NSE Nifty: (8102) The support for the Nifty is at 8060-7960-7800 and the resistance to the up move is at 8200-8250-8300 levels.
NSE BankNifty: (18304) The support for the BankNifty is at 18100-17770-17500 and the resistance to the up move is at 18570-18700-18880 levels.
BSE Sensex: (26909) The support for the Sensex is at 26730-26460-25830 and the resistance to the up move is at 27320-27500 levels.
Indian Stock Market to open gap positive with 30-60 points for Nifty as oil worries eases. Technically, now we can see some short covering (positive movement) in the market.
8065 would be a pivot point for Nifty, which if breached on the negative side, we would see a sharp downfall in that case and levels of 7980 would be seen in that case in next couple of days.
For today, traders can go long until Nifty holds 8065 levels and book profits near the resistance levels. All eyes are now set on Infosys results on Friday. FIIs were net sellers of of Rs.1073.18 crores whereas DIIs were net buyers of Rs.601.4 crores on Wednesday.
Nifty would see strong support at 8060-7960-7800 levels whereas strong resistance would be seen at 8200-8250-8300 levels.
NSE Nifty: (8102) The support for the Nifty is at 8060-7960-7800 and the resistance to the up move is at 8200-8250-8300 levels.
NSE BankNifty: (18304) The support for the BankNifty is at 18100-17770-17500 and the resistance to the up move is at 18570-18700-18880 levels.
BSE Sensex: (26909) The support for the Sensex is at 26730-26460-25830 and the resistance to the up move is at 27320-27500 levels.
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