Live Stock Market Updates – Weak end to April F&O Expiry: Nifty shuts below 7850-mark

The BSE Sensex ended with a loss of 461 points at 25,603. The BSE Sensex opened at 26,078 touched an intra-day high of 26,100.54 and low of 25,561.

The NSE Nifty closed with a loss of 133 points at 7,847. The NSE Nifty opened at 7,967 hitting a high of 7,992 and low of 7,832.

The India VIX (Volatility) index was up 1.49% at 16.5975. The BSE Midcap and Smallcap indices ended 1% lower.

Live market:

At 3:06 PM, the S&P BSE Sensex is trading at 25,614 down 450 points, while NSE Nifty is trading at 7,849 down 130 points.

The BSE Mid-cap Index is trading down 0.79% at 11,060, whereas BSE Small-cap Index is trading down 1.03% at 11,027.

Bharti Airtel, TCS, Lupin, Tata Steel, HDFC Bank and Cipla are among the gainers, whereas BHEL, M&M, Infosys, ITC, HDFC, Tata Motors, Adani Ports and HUL are losing sheen on BSE.

Some buying activity is seen in realty and telecom sectors, while auto, FMCG, industrial, oil and gas, capital goods, consumer durables, utilities, banking and pharma showing weakness on BSE.

The INDIA VIX is down 0.21% at 16.31755. Out of 1,803 stocks traded on the NSE,1,013 declined, 502 advanced and 288 remained unchanged today.

A total of 24 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

The Indian rupee opened higher by 5 paise at 66.54/$ against US Dollar on Thursday as against the previous close of 66.44/$. On the global front, Fed decided to maintain status quo on the interest rates, indicating that the process of policy normalization will be a gradual one. The centralbank also mentioned that it will monitor inflation parameters and global developments before taking a call on the interest rate trajectory. On economic front, Fed elaborated that although labour markets have witnessed improvement, household spending has moderated. Fed once again did not throw light on how it perceives the balance of risks to the economic outlook. Overall, the policy stance is inferred to be dovish and as a result US dollar is losing ground.

Meanwhile, Yen is witnessing strong appreciation, as BOJ at its policy meeting has decided to keep the interest rates unchanged in negative zone and also maintained the bond buying programme at 80 trillion Yen. This is surprising, as investors had earlier priced in a strong probability of BOJ unleashing more monetary stimulus. The economy is struggling from abysmally low growth and the need of the hour is more aid from the central bank. At the current juncture, Yen is trading at 109.3 levels, a strong recovery from the low of 111.88 registered just minutes before the announcement of the monetary policy.

Jindal Drilling & Industries rallied 14.5% to Rs.188. The company experienced a spurt in volumes by more than 15.19 times.

Elecon Engineering Ltd stock was lower by 5% at Rs. 62.The company’s consolidated revenue stood at Rs. 414.69 crore, down 10.63% yoy but up 25.53% qoq.

Gati Ltd stock was up by 3% at Rs.122. The company posted a net profit of Rs. 155.40 million for the Quarter ended March 31, 2016 as compared to Rs. 113.40 million for the Quarter ended March 31, 2015.

Suzlon Ltd stock was higher by 5% at Rs. 15. The company said it will merge its subsidiaries SE Blades Ltd, SE Electricals Ltd and Suzlon Wind International Ltd with itself.

Indiabulls Real Estate Ltd jumped 8.2% to Rs.62. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 589.108 million for the Quarter ended March 31, 2016 as compared to Rs. 931.301 million for the quarter ended March 31, 2015.

Bharti Airtel gained 1.6% to Rs.379 on BSE. The company reported consolidated net profit of Rs.1,290.30 crore for the quarter ended March 31, 2016, registering growth of 2.79% yoy and 15.53% qoq.

source indiainfoline

BANK NIFTY 28-04-2016

Technical Indicators

Name Value Action
RSI(14) 61.107 Buy
STOCH(9,6) 98.171 Overbought
STOCHRSI(14) 20.088 Oversold
MACD(12,26) 129.610 Buy
ADX(14) 41.732 Neutral
Williams %R -2.341 Overbought
CCI(14) 20.8711 Neutral
ATR(14) 95.9787 Less Volatility
Highs/Lows(14) 0.4858 Buy
Ultimate Oscillator 61.146 Buy
ROC 1.030 Buy
Bull/Bear Power(13) -4.7760 Sell

Buy: 5

Sell: 1

Neutral: 5

Summary: BUY

Moving Averages

Period Simple Exponential
MA5 17001.97
Sell
17000.04
Sell
MA10 17026.04
Sell
16971.19
Buy
MA20 16882.40
Buy
16882.40
Buy
MA50 16598.14
Buy
16622.23
Buy
MA100 16218.22
Buy
16346.81
Buy
MA200 15968.71
Buy
15984.31
Buy

Buy: 9

Sell: 3

Summary: BUY

BANK INDEX SPOT CLOSE 16872.9
5 DMA 16779 BULLISH
10 DMA 16444 BULLISH
15 DMA 16204 BULLISH
20 DMA 16139 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 16638 BULLISH
TREND REVERSAL LEVEL IS SPOT 16572 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 16526 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16980 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 11-04-2016

Technical Indicators

INDEX SPOT CLOSE 7555.2
5 DMA 7616 BEARISH
10 DMA 7648 BEARISH
15 DMA 7649 BEARISH
20 DMA 7611 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 7630 BEARISH
TREND REVERSAL LEVEL IS SPOT 7647 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7764 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7635 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 15568.3
5 DMA 15724 BEARISH
10 DMA 15834 BEARISH
15 DMA 15813 BEARISH
20 DMA 15680 BEARISH
IMMEDIATE SUPPORT/ RESISTANCE 15727 BEARISH
TREND REVERSAL LEVEL IS SPOT 15848 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 16278 REVERSAL POINT
TSF HURDLE LEVEL SPOT 15820 SUPPORT/RESISTANCE

 

Mcx Crudeoil Latest News and latest update

Oil under pressure as Iran orders sharp rise in crude output Oil prices had briefly stabilized in the previous session, but only after hitting the lowest since 2003 as western sanctions against Iran were lifted, allowing the country with the world’s fourth-largest oil and gas reserves to return in full to the market. Oil futures remained under pressure in early trading on Tuesday, following a slide that has seen prices fall by more than a quarter since the beginning of the year, as the full return of Iran to oil markets adds to an already huge supply overhang. Oil prices had briefly stabilized in the previous session, but only after hitting the lowest since 2003 as western sanctions against Iran were lifted, allowing the country with the world’s fourth-largest oil and gas reserves to return in full to the
market. Prices came under pressure on Tuesday morning as Iran ordered a sharp increase in oil output to take immediate advantage of the lifting of sanctions. “It is clear that investor sentiment is driving oil prices… Bearish bets are at their highest level since 1983, indicating heightened concerns around Iran oil flooding the market,” ANZ bank said on Tuesday. Sanctions had cut Iran’s oil exports by about 2 million bpd since their pre-sanctions 2011 peak, to little more than 1 million bpd. With the prospect of a lifting of sanctions becoming increasingly clear since the beginning of the year, a price rout that started in mid-2014 accelerated, pulling crude down over 70 percent in 18 months. US crude futures CLc1 were trading at USD 29.00 a barrel by 0105 GMT, down 42 cents from their last settlement. Front-month Brent crude futures LCOc1, though up a notch just after opening Tuesday’s trade, remained below USD 29 per barrel at USD 28.69 per barrel. “The run up to this weekend’s announcement has likely contributed to the recent decline in oil prices,” Goldman Sachs said. “We have been assuming that production will rise by 285,000 barrels per day year-on-year in 2016,” it added. Most traders expect

INDEX SPOT AND BANK INDEX Technical Analysis 31-03-2016

Technical Indicators

INDEX SPOT CLOSE 7735.2
5 DMA 7676 BULLISH
10 DMA 7616 BULLISH
15 DMA 7581 BULLISH
20 DMA 7512 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7670 BULLISH
TREND REVERSAL LEVEL IS SPOT 7582 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7582 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7716 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 16134.8
5 DMA 15846 BULLISH
10 DMA 15704 BULLISH
15 DMA 15540 BULLISH
20 DMA 15353 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 15830 BULLISH
TREND REVERSAL LEVEL IS SPOT 15522 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 15522 REVERSAL POINT
TSF HURDLE LEVEL SPOT 16043 SUPPORT/RESISTANCE

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INDEX SPOT AND BANK INDEX Technical Analysis 30-03-2016

Technical Indicators

INDEX SPOT CLOSE 7597
5 DMA 7670 BEARISH
10 DMA 7596 BULLISH
15 DMA 7564 BULLISH
20 DMA 7477 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7570 BULLISH
TREND REVERSAL LEVEL IS SPOT 7582 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7582 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7683 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 15666.3
5 DMA 15804 BEARISH
10 DMA 15619 BULLISH
15 DMA 15487 BULLISH
20 DMA 15236 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 15522 BULLISH
TREND REVERSAL LEVEL IS SPOT 15522 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 15522 REVERSAL POINT
TSF HURDLE LEVEL SPOT 15894 SUPPORT/RESISTANCE

 

INDEX SPOT AND BANK INDEX Technical Analysis 28-03-2016

Technical Indicators

INDEX SPOT CLOSE 7716.5
5 DMA 7651 BULLISH
10 DMA 7575 BULLISH
15 DMA 7540 BULLISH
20 DMA 7416 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7644 BULLISH
TREND REVERSAL LEVEL IS SPOT 7602 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7479 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7693 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 15887.8
5 DMA 15770 BULLISH
10 DMA 15526 BULLISH
15 DMA 15420 BULLISH
20 DMA 15040 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 15779 BULLISH
TREND REVERSAL LEVEL IS SPOT 15662 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 15312 REVERSAL POINT
TSF HURDLE LEVEL SPOT 15885 SUPPORT/RESISTANCE

 

Fed’s Lockhart: Rate hikes justified as soon as April

Comments from Lockhart in Savannah

Fed monitoring global and financial developments
Start of the year was ‘rough’ cites Chinese slowdown
Sees US growth a 2-2.5% this year
Fed getting ‘closer and closer’ to full employment
‘Patient approach made sense’ at March FOMC
Fed remains on ‘gradual path’ of rate hikes
Decision to hold last week reflected global conditions not a change in the US outlook
Possible rate hikes rest heavily on continued strong consumer demand

JPMorgan Warns “Reduce Equity Exposure… Don’t Chase Crude”

“First quarter earnings will be difficult,” warns JPMorgan’s global head of equity strategy, suggesting investors consider reducing market exposure and/or “consider buying protection.” While Rees is not quite as directly ‘sell-it-all ‘ – adding that he hopes H2 earnings will pick up – his overall message, beneath the JPM vineer, is not bullishly biased. “We are not chasing the oil rally,” Rees adds, noting the technical short-covering nature of this most recent move, adding that “the worst is not behind us.”

INDEX SPOT AND BANK INDEX Technical Analysis 10-03-2016

Technical Indicators

New Page 1

INDEX SPOT CLOSE 7531.8
5 DMA 7469 BULLISH
10 DMA 7257 BULLISH
15 DMA 7229 BULLISH
20 DMA 7191 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 7424 BULLISH
TREND REVERSAL LEVEL IS SPOT 7406 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 7308 REVERSAL POINT
TSF HURDLE LEVEL SPOT 7465 SUPPORT/RESISTANCE
BANK INDEX SPOT CLOSE 15279
5 DMA 15207 BULLISH
10 DMA 14553 BULLISH
15 DMA 14446 BULLISH
20 DMA 14394 BULLISH
IMMEDIATE SUPPORT/ RESISTANCE 14989 BULLISH
TREND REVERSAL LEVEL IS SPOT 15005 REVERSAL POINT
LONG TERM TREND REVERSAL SPOT 14767 REVERSAL POINT
TSF HURDLE LEVEL SPOT 15195 SUPPORT/RESISTANCE