Intraday calls

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14th Jan 2015, Analysis:

Indian Stock Market to open flat. Technically, Indian Stock Market is looking for fresh direction but is still in positive zone and hence traders should trade long until Nifty holds 8150 levels.

Nifty would consolidate in a rangebound region between 8150 on the negative side and 8400 on the positive side. Nifty, if breched levels of 8400 closing levels, then we can see a sharp positive movement in the market else market would again see sharp downfall.

FIIs were net buyers of Rs.235.09 crores whereas DIIs were net buyers of Rs.46.06 crores on Tuesday. Nifty would see strong support at 8248-8197-8150 levels whereas strong resistance would be seen at 8360-8400-8430 levels.

NSE Nifty: (8299) The support for the Nifty is at 8248-8197-8150 and the resistance to the up move is at 8360-8400-8430 levels.

NSE BankNifty: (18707) The support for the BankNifty is at 18530-18480-18300 and the resistance to the up move is at 18880-19120-19200 levels.

BSE Sensex: (27426) The support for the Sensex is at 27320-27100-26900 and the resistance to the up move is at 27640-27700-27920 levels.
 
Vaibhav Global Ltd has informed BSE that the Company has repaid the entire amount of outstanding Working Capital Term Loan (WCTL) of Rs. 9,04,14,000 (Rupees Nine Crore Four Lacs and Fourteen Thousand) including interest to Consortium Bankers.

Action to be taken: Long on Vaibhav Global Ltd.

Stop loss :659 Target : 690-718
 
Ikya human Cap seeks to raise upto $200Mn via IPO, Thomas Cook hold 74%in Ikya human Capital

Action to be taken: Long Thomas cook
Stop loss :200 Target : 216-225
Quess Corp (formerly known as IKYA Human Cap), subsidiary of Thomas Cooks (India) is likely to raise $200mn (Rs1250crore) through public issue, Thomas Cook might look to unlock value in IKYA in near future – positive for Thomas (Cook India)
 
Snowman Logistics in talks to buy two startups in Food space – Positive for Snowman Logistics and Gateway Distriparks
As per media reports, Snowman Logistics (40% associate company of Gateway Distriparks) is in advanced talks to acquire two benagaluru based startups specializing in chopping vegetables and assembling sandwitches and burgers before sending them off to quick service restaurants. The deals is expected to take atleast a month more to close while the deal size and names are not disclosed.

The development is positive for Snowman Logistics and Gateway Distriparks.
 
15th Jan 2015, Analysis:

Indian Stock Market to open gap negative with 40-70 points for Nifty. Now, we can see a sharp fall in the market and traders should go short in the market at this point of time due to concerns over oil and copper prices.

FIIs were net sellers of Rs.69.74 crores whereas DIIs were net sellers of Rs.223.98 crores on Wednesday.

Nifty would see strong support at 8150-8110-8065 levels whereas strong resistance would be seen at 8325-8360-8400 levels.

NSE Nifty: (8278) The support for the Nifty is at 8150-8110-8065 and the resistance to the up move is at 8325-8360-8400 levels.

NSE BankNifty: (18604) The support for the BankNifty is at 18380-18200-18085 and the resistance to the up move is at 18760-18880-19120 levels.

BSE Sensex: (27347) The support for the Sensex is at 27100-26900-26770 and the resistance to the up move is at 27500-27640-27700 levels.
 
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