Intraday calls
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Titan Industries included in MSCI India Index
Shares of Titan Industries Ltd advanced in a lackluster market after the MSCI added these stocks in the MSCI India index with effect from May 31.
MSCI Inc. on Monday announced the results of its May Semi-Annual review.
Developed markets will see 24 additions and 41 deletions, with 20 of those deletions coming out of Japan. Emerging markets will see 31 names added and 16 deleted.
India has seen six new additions while there are no deletions. China has also seen 8 new additions and 3 deletions.
New INDIA additions:
TITAN INDUSTRIES
ASIAN PAINTS
BANK OF INDIA
DABUR INDIA
MUNDRA PORT AND SEZ
SHRIRAM TRANSPORT FIN
Meanwhile, the MSCI added 15 new Indian stocks in the Global Small-Cap indices while removing 38 stocks.
Shares of Titan Industries Ltd advanced in a lackluster market after the MSCI added these stocks in the MSCI India index with effect from May 31.
MSCI Inc. on Monday announced the results of its May Semi-Annual review.
Developed markets will see 24 additions and 41 deletions, with 20 of those deletions coming out of Japan. Emerging markets will see 31 names added and 16 deleted.
India has seen six new additions while there are no deletions. China has also seen 8 new additions and 3 deletions.
New INDIA additions:
TITAN INDUSTRIES
ASIAN PAINTS
BANK OF INDIA
DABUR INDIA
MUNDRA PORT AND SEZ
SHRIRAM TRANSPORT FIN
Meanwhile, the MSCI added 15 new Indian stocks in the Global Small-Cap indices while removing 38 stocks.
Sensex Technical view :
SBI results a Cleanup Sensex will it again pause or head to 17800/17300.
With two shockers like SBI results and ONGC subsidy burden the two heavyweights led the breakdown. FInally some stocks have taken the lead on downside else market was going nowhere.
The near term trendline which was holding strongly has been broken as well as recent low of 18160 has been broken.
But what has been boring with this market is there is no follow up after range breakout or breakdown.
Few days back we broke above 18700 and 5600 Nifty but it fizzled out. Similarly now we have seen a breakdown below 18160 with a low of 18084.
So it needs to be confirmed below 18080 which will confirm a move to 17800 which if breaks will take it to 17300.
This i believe makes us believe market consolidation would now get into a broader range of 17300-18800 and we may now wait for fiurther declines to lower range to look for bounce back trades. Till then it seems a boring market where one should trade with very low volumes.
Stocks to Watchout for :
Orchid Chemicals has given a breakout but with FNO ban the stock is very volatile. Closing above 320 can take it to 345. Below 300 would end the positive move.
Gitanjali gems; target of rs 282: IIFL. Gitanjali has been consolidating in a flag pattern flag is a bullish consolidation pattern when it appears after a significant rally.
Despite weakness in broader markets, the stock managed to signal breakout from consolidation pattern above rs 260 with spurt in volumes.
We advise buying stock in the range of rs 259-260 with stop loss of rs 252 for target of rs 282, says IIFL research report.
Cummins India is a strong bet above 720-725 can give a 10% jump.
Another stock which has been our favorite for quite some time is Divis Labs. Sustaining above 725 the stock can give a strong move to 800 levels.
The Midcap segment continues to see struggling volumes with stocks drifting lower. Investors may look to now start researching strong quality mid caps/small caps as i expect when markets turn after June-July the bounce backs could be sharper in Small Caps.The current boring period could be an excellent time to research stocks.
SBI
The breakdown below 2450-2500 yesterday has negated the strong bullish breakout at 2450 on the stock which provided support many times.
The stock has turned weak with the trend being hit big time. Only hope would be it reverses back above 2550-2600 else the next support is placed at 2200. :thumb:
SBI results a Cleanup Sensex will it again pause or head to 17800/17300.
With two shockers like SBI results and ONGC subsidy burden the two heavyweights led the breakdown. FInally some stocks have taken the lead on downside else market was going nowhere.
The near term trendline which was holding strongly has been broken as well as recent low of 18160 has been broken.
But what has been boring with this market is there is no follow up after range breakout or breakdown.
Few days back we broke above 18700 and 5600 Nifty but it fizzled out. Similarly now we have seen a breakdown below 18160 with a low of 18084.
So it needs to be confirmed below 18080 which will confirm a move to 17800 which if breaks will take it to 17300.
This i believe makes us believe market consolidation would now get into a broader range of 17300-18800 and we may now wait for fiurther declines to lower range to look for bounce back trades. Till then it seems a boring market where one should trade with very low volumes.
Stocks to Watchout for :
Orchid Chemicals has given a breakout but with FNO ban the stock is very volatile. Closing above 320 can take it to 345. Below 300 would end the positive move.
Gitanjali gems; target of rs 282: IIFL. Gitanjali has been consolidating in a flag pattern flag is a bullish consolidation pattern when it appears after a significant rally.
Despite weakness in broader markets, the stock managed to signal breakout from consolidation pattern above rs 260 with spurt in volumes.
We advise buying stock in the range of rs 259-260 with stop loss of rs 252 for target of rs 282, says IIFL research report.
Cummins India is a strong bet above 720-725 can give a 10% jump.
Another stock which has been our favorite for quite some time is Divis Labs. Sustaining above 725 the stock can give a strong move to 800 levels.
The Midcap segment continues to see struggling volumes with stocks drifting lower. Investors may look to now start researching strong quality mid caps/small caps as i expect when markets turn after June-July the bounce backs could be sharper in Small Caps.The current boring period could be an excellent time to research stocks.
SBI
The breakdown below 2450-2500 yesterday has negated the strong bullish breakout at 2450 on the stock which provided support many times.
The stock has turned weak with the trend being hit big time. Only hope would be it reverses back above 2550-2600 else the next support is placed at 2200. :thumb:
Titan news:
I hear that for the current quarter jewelery sales could be up by 60pc y-on-y.
Also the Andheri store alone could account for Rs 200cr of sales this year.
Can this company put up 25 such stores all over India? The stock is reaching a point from where the discussion will be determined by market cap but remember Bharti was a large cap before it went up 30times.
But for titan I am incompetent and uncomfortable in saying 'how much more can it go up?'
Mumbai along can take 3-4 more stores like this one. If we add Delhi, Chennai, Kolkata, Banglore and Kerala company might consider puting stores of this format in future. All depends on sucess of Andheri store.
If they could replicate what they have done in Andheri, the oppurtunity is HUGE to capture.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-international/article1991924.ece
Back home, around 50 per cent of India's gold consumption is in the southern region, specifically in Kerala and Tamil Nadu.
An estimated 30 per cent of this is accounted for by Kerala which has the largest number of jewellery outlets (unofficial figures put it around 6,000). Thrissur district in central Kerala is the hub of the business, home to the largest number of jewellery retail shops and craftsmen.
There are at least 100 big jewellery businesses in Kerala having a stock of 35 kg at any given time. On a normal day, sales clocked are unofficially assessed to range from 100 gm to as much as 10 kg. There has also been the rare instance of sales touching 22 kg on a single day.
Thrissur can easily accomodate Tanishq stores as in Andheri. Strange that they have not opened a single Gold plus/Tanishq store in Thrissur. May be in the future they would be targetting thrissur/calicut where there is always heavy demand for gold/diamonds jewellery.
I strongly believe that what we are seeing is the tip of the iceberg when it comes to organized jewellery retailing in india.
I hear that for the current quarter jewelery sales could be up by 60pc y-on-y.
Also the Andheri store alone could account for Rs 200cr of sales this year.
Can this company put up 25 such stores all over India? The stock is reaching a point from where the discussion will be determined by market cap but remember Bharti was a large cap before it went up 30times.
But for titan I am incompetent and uncomfortable in saying 'how much more can it go up?'
Mumbai along can take 3-4 more stores like this one. If we add Delhi, Chennai, Kolkata, Banglore and Kerala company might consider puting stores of this format in future. All depends on sucess of Andheri store.
If they could replicate what they have done in Andheri, the oppurtunity is HUGE to capture.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-international/article1991924.ece
Back home, around 50 per cent of India's gold consumption is in the southern region, specifically in Kerala and Tamil Nadu.
An estimated 30 per cent of this is accounted for by Kerala which has the largest number of jewellery outlets (unofficial figures put it around 6,000). Thrissur district in central Kerala is the hub of the business, home to the largest number of jewellery retail shops and craftsmen.
There are at least 100 big jewellery businesses in Kerala having a stock of 35 kg at any given time. On a normal day, sales clocked are unofficially assessed to range from 100 gm to as much as 10 kg. There has also been the rare instance of sales touching 22 kg on a single day.
Thrissur can easily accomodate Tanishq stores as in Andheri. Strange that they have not opened a single Gold plus/Tanishq store in Thrissur. May be in the future they would be targetting thrissur/calicut where there is always heavy demand for gold/diamonds jewellery.
I strongly believe that what we are seeing is the tip of the iceberg when it comes to organized jewellery retailing in india.
TITAN TECHNICALS
Titan trend is in the upside and would be bullish in the coming days ahead!
7 day RSI around 80 and 14 day RSI @ 65
S 2 S 1 Pivot R 1 R 2
4188.65 4235.10 4271.50 4317.95 4354.30
Resistance around 4315 and 4350 levels.....once crossing these levels with good volumes we can see 4415-4540-4775-4900 keep SL 4200
Till Bonus time .................. 5000/- is not so far!!!!! :clap: :clapping:
Titan trend is in the upside and would be bullish in the coming days ahead!
7 day RSI around 80 and 14 day RSI @ 65
S 2 S 1 Pivot R 1 R 2
4188.65 4235.10 4271.50 4317.95 4354.30
Resistance around 4315 and 4350 levels.....once crossing these levels with good volumes we can see 4415-4540-4775-4900 keep SL 4200
Till Bonus time .................. 5000/- is not so far!!!!! :clap: :clapping:
Last edited:
Titan Industries has target of Rs 4502: Prakash Diwan
Titan Industries has target of Rs 4502, says Prakash Diwan of Networth Stock Broking.
Diwan told CNBC-TV18, "Titan has done well in yesterdays market. We expect it to move slightly further up and probably touch Rs 4,502 on the upside.
Buy Titan; target 4350: Ashwani Gujral
What is the call on Titan?
Titan while the market keeps coming down, Titan keeps going higher. So that is a buy call for the day if it can take out this 4220-4250 levels. In a good market, a rally of 4350 is expected on Titan. Keep a stop of about 4100. Now key point here is that you have to watch the momentum of the market. If it is going on the upside, take the buy calls.
Titan would be the best on all timeframes: Deepak Mohoni
What is the call on Titan?
Titan has been a fairly rock solid stock for 2-3 years now, does not decline very much, keeps making these moves off and on. Looks like another one of those moves is on the way. It had a decent enough finish yesterday in a falling market, it is up another 2% today.
Titan would be the best on all timeframes, day trading because it is off to a good start today, short term and it has been a pretty good long term investment stock now for at least the last 4 or 5 years.
Titan Industries has target of Rs 4502, says Prakash Diwan of Networth Stock Broking.
Diwan told CNBC-TV18, "Titan has done well in yesterdays market. We expect it to move slightly further up and probably touch Rs 4,502 on the upside.
Buy Titan; target 4350: Ashwani Gujral
What is the call on Titan?
Titan while the market keeps coming down, Titan keeps going higher. So that is a buy call for the day if it can take out this 4220-4250 levels. In a good market, a rally of 4350 is expected on Titan. Keep a stop of about 4100. Now key point here is that you have to watch the momentum of the market. If it is going on the upside, take the buy calls.
Titan would be the best on all timeframes: Deepak Mohoni
What is the call on Titan?
Titan has been a fairly rock solid stock for 2-3 years now, does not decline very much, keeps making these moves off and on. Looks like another one of those moves is on the way. It had a decent enough finish yesterday in a falling market, it is up another 2% today.
Titan would be the best on all timeframes, day trading because it is off to a good start today, short term and it has been a pretty good long term investment stock now for at least the last 4 or 5 years.
TITAN TECHNICALS
Titan trend is in the upside and would be bullish in the coming days ahead!
7 day RSI around 80 and 14 day RSI @ 65
S 2 S 1 Pivot R 1 R 2
4188.65 4235.10 4271.50 4317.95 4354.30
Resistance around 4315 and 4350 levels.....once crossing these levels with good volumes we can see 4415-4540-4775-4900 keep SL 4200
Till Bonus time .................. 5000/- is not so far!!!!! :clap: :clapping:
Titan trend is in the upside and would be bullish in the coming days ahead!
7 day RSI around 80 and 14 day RSI @ 65
S 2 S 1 Pivot R 1 R 2
4188.65 4235.10 4271.50 4317.95 4354.30
Resistance around 4315 and 4350 levels.....once crossing these levels with good volumes we can see 4415-4540-4775-4900 keep SL 4200
Till Bonus time .................. 5000/- is not so far!!!!! :clap: :clapping:
TITAN Simply runninggggggggggggg 4475 high!!!!!!!! :clap: :thumb: :clapping: :thumb:
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