Author: Abhishek

Preetam’s List

Friday’s market action: Dow +0.13% to 13488. Crude+0.29% to $93.85. Gold +0.06% to $1661.60 London +0.33%. Germany +0.09%. France +0.08%.

Investors are speculating if TCS will surprise the Street when its announces its earnings later today. Analysts, however, are not expecting any major deviations from their estimates. TCS [stockquote]TCS[/stockquote] and WIPRO [stockquote]WIPRO[/stockquote] closed 4% and 6% higher on Friday respectively following INFY’s lead. (ET)

India’s headline inflation is likely to have risen in December by less than the central bank projected, and analysts expect a cut of at least 25 basis points in the policy repo rate. (ET)

After Satyam scam, it looks like Price Waterhouse has caught itself in another problem. The Income-Tax office in Chennai has summoned audit firm Price Waterhouse and Company to appear before it in connection with the alleged tax default by Nokia to the extent of Rs 2,500 crore. (BusinessLine)

China’s unexpected surge in exports last month renewed concern from analysts at Goldman Sachs Group Inc., UBS AG and Australia & New Zealand Banking Group Ltd. (ANZ) that statistics from the nation can be unreliable.The increase didn’t match goods movements through ports and imports by trading partners according to UBS. What is cooking in China now?  (Bloomberg)

After US and France changing there TAX regime, voices in India are contemplating the pros and cons for Indian economy. What does it have in store for investor and people in general – Aswath Damodaran explains . (ET)

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags

Weekly Recap

NIFTY Heatmap : Performance

The NIFTY ended on a negative tone, drifting down -1.05% for the week.
Biggest losers were AMBUJACEM (-9.56%), JPASSOCIAT (-7.82%) and ULTRACEMCO (-7.77%).
And the biggest winners were INFY (+15.43%), TATAMOTORS (+4.76%) and WIPRO (+4.04%).
Decliners eclipsed advancers 37 vs 13fii.2013-01-07.2013-01-11

 

Gold: +0.10%, Banks: -4.59%. Infrastructure: +0.55%,

Net FII flows for the week: $729.13 mm (Equity) and –$238.17 mm (Debt)

call us qr code
Categories Tags

Analysis: SUZLON

Today’s pick is SUZLON [stockquote]SUZLON[/stockquote]. The stock started the year with a steep uptrend to blow past Rs. 30. It hovered around that point for a month, and finally gave up the momentum and slid all the way down to Rs. 15. However, it looks like it is at the beginning of an uptrend, having broken the pennant it was stuck in since December. In the last three months, the stock has moved +28% vs. +5% of the Nifty’s.

SUZLON technical analysis chart

Oscillators RSI and CMO are in no man’s land and are not signaling any directional move. Short-term technical just saw a 4×9 and 4X18 bullish cross-over.

The MACD line is moving close to the signal line but the increasing histogram levels are suggesting a bullish outlook. The long-term GMMA lines are starting to flag out suggesting an upcoming long term bullish move for the scrip.

SUZLON correlation chart

SUZLON’s average correlation with the Nifty is 0.57, which is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

SUZLON volatility chart

SUZLON has a historical volatility in the range of 0.4 to 1.0. The scrip’s volatility currently is in the middle of the range.

Given these technicals, we suggest a short-term and a long-term Buy for the script. Also, looking at the volatile history of the stock, we suggest traders to use trailing stop-losses in order to book profits if a trend-reversal were to take place.

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags ,

Analysis: EICHERMOT

Today’s pick is EICHERMOT [stockquote]EICHERMOT[/stockquote]. The stock has been on an uptrend throughout the year with a 2 month correction period during the middle. The stock experienced its 52-week high of Rs. 3,000 a week ago and is undergoing consolidation currently. In the last three months, the stock has moved +25% vs. +5% of the Nifty’s.

EICHERMOT technical analysis chart

Oscillators RSI and CMO are in no man’s land and are not signaling any directional move. Short-term technical just saw a 9×4 bearish cross-over combined with a bearish Gravestone doji.

The MACD line is moving close to the signal line and the dropping histogram levels are suggesting a bearish outlook. The long-term GMMA lines are well dispersed and are suggesting a long term bullish move for the scrip. Also, the stock just saw a close below the center line of Bollinger band, which is short-term bullish.

EICHERMOT correlation chart

EICHERMOT’s average correlation with the Nifty is 0.42, which is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

EICHERMOT volatility chart

EICHERMOT has a historical volatility in the range of 0.3 to 0.8. The scrip’s volatility currently is in the middle of the range.

Given these technicals, we suggest a short-term Hold and a long-term Buy for the script. We suggest traders to use trailing stop-losses in order to book profits if a trend-reversal were to take place.

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags ,

Analysis: HINDUNILVR

Today’s pick is HINDUNILVR [stockquote]HINDUNILVR[/stockquote]. The stock has been on an uptrend through-out the year. The stock experienced its 52-week high of Rs. 580 in mid-October and then corrected itself to find support at Rs. 525. Since then the stock is undergoing a pennant formation. In the last three months, the stock has moved -6% vs. +3% of the Nifty’s.

HINDUNILVR technical analysis chart

Oscillators RSI and CMO are in no man’s land unable to give any directional suggestion. Short-term technical just saw a 9×18 bullish cross-over.

The MACD line is moving close to the signal line and the dropping histogram levels are suggesting an imminent bearish crossover for the line. The long-term and short-term GMMA lines are very constrained and hence are not suggesting any direction to the scrip.

HINDUNILVR correlation chart

HINDUNILVR’s average correlation with the Nifty is 0.23, which is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

HINDUNILVR volatility chart

HINDUNILVR has a historical volatility in the range of 0.3 to 0.7. The scrip’s volatility currently is in the lower end of the range.

Given these technicals, we suggest a short-term and a long-term watch for the script. The investor is advised to be on a lookout for a decisive breakout of the pennant in either direction to make any directional call.

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags ,