market outlook report - 24th march 2014

1. 24-03-2014
Daily Market Insight
U.S. stocks rose for the third time this
week as reports on leading indicators
and regional manufacturing fueled
optimism in the economy,
overshadowing concern that interest
rates may rise in the middle of next
year. Asian stocks rose, with a regional
index of shares. Market is expected to
open on positive note but likely to
remain range bound during the day. B
As on 21st of march , nifty was full in
choppy. Nifty Fifty heat map was also in
under pressure. Among of nifty fifty
Tata Steel, Hindalco, and JP Associate
was in green chart. While nifty closed
at 10.10 on green note . The Bombay
Stock Exchange (BSE) & the National
Stock Exchange (NSE) conducted a
special trading session on 22nd
March.AS on 22nd March Nifty closed at
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Outlook for the day
March.AS on 22nd March Nifty closed at
6949.90.
INDICES LTP Change
%
Change
NIFTY 6494.90 1.70 0.03
SENSEX 21755.32 1.57 0.01
CNX
SMALLCAP 3488.85 16.90 0.49
CNXMIDCAP
8176.75 16.85 0.21
BANKNIFTY
12075.80 -16.55 -0.14
Nifty View:
Above 6480 keep long view and if a close
below 6480 then major correction up to
6300 can be expected in this week. For
BANK NIFTY, on 24th of march traders
watch 12k for closing, above it keep long
view and below it expect deeper
correction of 300-500 points in this
week.

2. 24-03-2014
Daily Market Insight
Recommendation: Sell
Current price: 974.60(fut price)
Stop loss: 1010
Target: 920
Why M&M?
The stock has broken the long term
trendline today (21-03-2014)
The stock has been moving in Trend
Channel for a long time that means a
breakout on either side will
accompanied by sharp movement .It has
given a breakout today on the lower side
accompanied with good volume that
should probably be followed with
downside movement.
Macd crossover and double top pattern
further confirms the sell.
Short the stock for a short term target of
3/23/2014
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Short the stock for a short term target of
920 with Stop loss of 1010.
Recommendation: Sell
CMP: 314(Fut Price)
SL: 330
TGT: 280
TIME PERIOD: 5 days
WHY ONGC?
ONGC has been in a long trend from a
long time, but now it has taken
resistance twice around 334 levels.
It has completed a bearish engulfing
pattern in a downtrend and given a
clear breakout with strong volume.
With MACD and volume giving a sell
signal, it seems to be a good
opportunity to catch a profitable short
term trade.

3. 24-03-2014
Daily Market Insight
Derivative Info
BUY
MRF
SELL
IGL
Increase In Open Interest
Symbol
Prev.
OI Curr. OI %Chg. OI
Curr.
Price
%Chg.
Price
MRF 235 292 24.26% 22391.25 4.10%
M&MFIN 2897 3411 17.74% 254.55 -2.23%
AXISBANK 23869 27549 15.42% 1376.15 1.80%
HDIL 2873 3208 11.66% 49.15 5.25%
IBREALEST 5417 5944 9.73% 51.2 0.00%
Decrease In Open Interest
Symbol
Prev.
OI Curr. OI %Chg. OI
Curr.
Price
%Chg.
Price
MCLEODRUSS 2138 1587 -25.77% 288.15 3.82%
IGL 1762 1327 -24.69% 283.7 -0.25%
HEXAWARE 3907 3496 -10.52% 149.9 -0.66%
CIPLA
1313
2
11757 -10.47% 389.4 0.39%
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BUY
M&MFIN
SELL
MCLEODRUSS
2
TATASTEEL
1657
9
14887 -10.21% 363.7 3.71%
Increase In Open Interest & Decrease In Price
Symbol Prev. OI Curr. OI %Chg. OI
Curr.
Price
%Chg.
Price
M&MFIN 2897 3411 17.74% 254.55 -2.23%
M&M 8032 8459 5.32% 974.6 -0.82%
ONGC 10029 10520 4.90% 304.7 -2.48%
ORIENT
BANK
1385 1439 3.90% 192.85
-0.31%
BHARTIA
RTL
11420 11851 3.77% 293.7
-0.93%
Decrease In Open Interest & Increase In Price
Symbol
Prev.
OI Curr. OI %Chg. OI
Curr.
Price
%Chg.
Price
MCLEODRUSS 2138 1587 -25.77% 288.15 3.82%
CIPLA 13132 11757 -10.47% 389.4 0.39%
TATASTEEL 16579 14887 -10.21% 363.7 3.71%
IOB 650 584 -10.15% 46.55 1.20%
INDIACEM 1489 1356 -8.93% 55.05
0.92%

4. 24-03-2014
Daily Market Insight
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5. 24-03-2014
Daily Market Insight
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