From last two weeks, we have seen panic
selling in global markets. Many of the stocks hit 52 weeks low. Many of seen that
we missed the opportunity but actual thing is that we are waiting for clear
reversal in the market. In current scenario… all are eye on FOMC meet which is
scheduled in 17th September 2015
On Friday,
we have seen losses in the Real Estate, Power and Banking
sectors led shares lower. At the close in NSE, the Nifty
declined 2.15% to hit a new 52-week low, while the Sensex index
fell 2.18%. The best performers of the session on the Nifty were BPCL which
rose 1.51% or 12.65 points to trade at 850.60 at the close. Meanwhile, Bharti
Airtel added 0.94% or 3.25 points to end at 350.00 and Coal India Limited was
up 0.64% or 2.20 points to 347.50 in late trade. The worst performers of the
session were Tata Power which fell 5.59% or 3.35 points to trade at 56.55 at
the close. Vedanta declined 5.09% or 5.00 points to end at 93.25 and TATA STEEL
was down 4.72% or 10.85 points to 218.90. Falling stocks outnumbered advancing
ones on the India National Stock Exchange by 1240 to 186 and 13 ended
unchanged; on the Bombay Stock Exchange, 656 fell and 95 advanced, while 4
ended unchanged. The India VIX which
measures the implied volatility of S&P CNX Nifty options, was up 9.57% to
26.4225.
Now what to expect today....
Nifty future breached its crucial support
level of 7660. Well today below 7660 once again we will see panic in Nifty future
till 7613---7583. More and more panic will see below 7583 mark.
Fresh buying can initiate only close above
7756 mark
Close above 7756 will see further upside rally
in Nifty future till 7833---7878 mark. Three consecutive closes + weekly close above
7878 will take to???
Trade with level only
What to do in Bank nifty today...
Bank Nifty future crashed and made a low of 15918. We clearly indicated that below 16400 will see sharp panic in Bank Nifty. Now below 16056 once again we will see panic in Bank Nifty till 15953---15883. Close below 15883 will see further panic till 15613---15463 mark.
Above 16313… we will expect dead cat bounce
till 16518---16648 and then to 16798. Three consecutive closes + weekly close
above 16798 will take to???
Monday’s opening bell and full day trading
pattern is crucial for Global as well and emerging markets. Let’s see what will
happen
More will update during market hours
Today's Pick
SUNTV… Skyrocketed and made a
high of 395. We recommended buying above 382. Still looks positive and could
test 400. Two consecutive closes above 400 will see nonstop rally in Suntv till
422---428+ mark
Above 400…
Target looks 550+. Positional traders can buy and accumulate this stock in panic
Why to buy SUNTV???
Shares of Sun TV Network zoomed over 45% to Rs 395
till September 4. Management of Sun TV is also confident
about achieving double digit growth in both advertisement and
subscription revenues for the full year, and guided down the movie amortization cost for 2015-16 to Rs 450-500 crore from Rs 500-550 crore
previously. Further management assuaged concerns on license or security
issues, and said it is open to divesting or exiting the IPL cricket
franchise. Sun TV Network Ltd (Sun) posted a decent performance in Q4 as all the
segments of the company put up a good show. Advertising revenues grew
by a steady 7.8% year-on-year and 4% quarter on
quarter basis as the company relied more on higher ad inventory utilization and has plans to continue with it. DTH revenues showed a
strong traction by growing 15.4% yoy and 2% qoq despite
DAS implementation getting delayed as subscribers as well as realizations improved. For the quarter ended June 2015, the company registered revenue of Rs
671.09 crore, up 9.08 per cent, against Rs 633.58 crore in the
corresponding quarter a year ago. Through IPL(the company owns Sun
Risers Hyderabad franchise) the company posted revenues of Rs 96.5 crore
with operating loss of Rs 56.6crore. Ex-IPL operating performance was
even better.
Net profit of the company increased 19.1% on year-on-year
basis to Rs 197.28 crore on strong operating performance. The company
earned Rs 165.64 crore in the corresponding quarter a year ago.
Price to earnings ratio of the company may fall from 17 in 2014-15 to
15 and 12.5 in 2015-16 and 2016-17 respectively. However, return on equity may jump from 24.3% in
2014-15 to 28.4% in 2016-17. Sun TV would be the biggest beneficiary of the Phase-III/IV digitization from South India leading to significant margin expansion
while steady ad growth would further help. Key risk could be TRAI regulation on ad inventory cap, loss of market share in Kannda/Telugu markets.
Our 2nd Pick
NMDC… Crashed and made a low of 93.20. Below
93.00… we will see sharp panic till 88---86.50 mark
On rise sell it!! Stop loss only to our subscriber
Investment Pick only for our subscribers.... More
levels and updates during market hours
