Future and Option Tips-Indian Stock Market in Consolidation Phase

Indian Stock markets are trading into consolidation phase with no major movement seen in the last few trading sessions as FIIs were not actively participating ahead of the Christmas and New Year vacations. Nifty futures started the January series at higher OI at around 3.98 lakh contracts vs 3.72 lakh in the previous series. 

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Nifty futures in the previous series moved from 6,150 till lifetime high of 6,480 levels, but could not sustain at higher levels and slipped to retest 6,150 levels. Nifty futures may remain range bound at 6,200-6,400 levels before taking any major directional view.

Today’s Tops Stock Future News

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• Apollo Tyres: Shares of Apollo Tyres will be in focus after US based tyre maker Cooper Tire & Rubber Company on Monday, 30 December 2013, announced that it has terminated the merger agreement with Apollo Tyres.

• Jain Irrigation Ltd: Jain Irrigation Systems has bagged a Rs 385.7-crore project from the Karnataka government that would benefit 35 villages of Bagalkot district in the state.

• GMR Infrastructure Ltd: The GMR Group has divested its 40% stake in the Istanbul's Sabiha Gokcen international airport for Rs 1,910 crore.

• Piramal Enterprises Ltd: British telecom giant Vodafone received approval from the Foreign Investment Promotion Board to increase its stake to 100 per cent from 64.38 per cent at present.

• Asian stocks rose on Tuesday as energy shares advanced. Key benchmark indices in China, Hong Kong, Taiwan, and Singapore were up 0.11% to 0.37%. Stock markets in Japan, South Korea, Indonesia, Thailand, the Philippines and Vietnam were closed for holidays.

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Stock Future Trading Tips – HDFC Bank Rose

HDFC Bank rose 0.22%. The bank announced after market hours on Tuesday, 24 December 2013 that the board of directors of the bank at its meeting held on Tuesday, 24 December 2013, has appointed Mr. Paresh Sukthankar as the Deputy Managing Director of the bank for a period of 3 years from 24 December 2013 to 23 December 2016 subject to the approval of the shareholders and Reserve Bank of India. Mr. Sukthankar currently holds 6.87 lakh equity shares of the bank, HDFC Bank said. 

HDFC Bank also said that it has appointed Mr. Kaizad Bharucha as an Additional Director and as an Executive Director of the bank for a period of 3 years from 24 December 2013 to 23 December 2016 subject to the approval of the shareholders and Reserve Bank of India. Mr. Bharucha currently holds 7.66 lakh equity shares of the bank, HDFC Bank said. 

The Nifty was at 6,280.65, up 12.25 points or 0.20 per cent. It touched a high of 6,285.00 and a low of 6,270.05 in trade today. 

BANK NIFTY TREND – CONSOLIDATE 
BANK NIFTY FUTURE LEVELS

SUPP 1: 11185
SUPP 2: 10910
RES 1: 11555
RES 2: 11880

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Infosys Stocks Down – News Stock Future Tips for Trading

Infosys Ltd

Infosys Ltd stocks slipped as much as 1.58 per cent in morning trade on Monday. India’s one of the top IT company, India's second largest service provider announced the exit of V Balakrishnan, member of the Infosys Board. He was the eighth member of senior management who exit in last six month.

At 09:40 a.m.; Infosys was trading 1.4 per cent lower at Rs 3500.20. It has hit a low of Rs 3495.85 and a high of Rs 3538.20 in trade today.

At 9:30 IST, the S&P BSE Sensex was up 120.40 points or 0.57% to 21,200.12. The index jumped 126.48 points at the day's high of 21,206.20 in early trade. The index rose 0.82 points at the day's low of 21,080.54 in opening trade. 

The CNX Nifty was up 31.60 points or 0.5% to 6,305.85. The index hit a high of 6,306.25 in intraday trade. The index hit a low of 6,266.95 in intraday trade. 

The market breadth, indicating the overall health of the market, was strong. On BSE, 656 shares gained and 162 shares fell. A total of 36 shares were unchanged. 

Among the 30-share Sensex pack, 17 stocks gained and rest of them declined. Hindalco Industries (up 1.55%), Bhel (up 1.18%) and RIL (up 1.23%) gained. 

Asian stocks rose on Monday after data showed faster-than-estimated economic growth in the US and the International Monetary Fund said it's raising its outlook for the world's largest economy. Key benchmark indices in China, Hong Kong, Taiwan, Singapore and South Korea rose 0.32% to 0.72%. In Indonesia, Jakarta Composite was off 0.7%.

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Stock Future–Banking Stocks Decline | BSE Perform Worst

Stock Future India's BSE was the worst performing equity market today and pared most of the previous session's gains even as the US Federal Reserve was dovish in its QE tapering and gave indications that interest rates will be hiked in 2015. After gaining over 100 points, the S&P BSE Sensex pared early morning gains and slipped a little over 370 points from its intraday high of 21,017 on Thursday.

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The BSE Realty index slipped 0.9 per cent, while the BSE Auto index inched 0.6 per cent lower.Among the 30-share Sensex components, ICICI Bank BSE -3.03 % and HDFC slipped more than 2 per cent in trade. ICICI Bank was trading 2.3 per cent lower at Rs 1071.40 and HDFC was down 2.1 per cent.

Other banking stocks which were trading lower include State Bank of India BSE -2.20 % which was down 1.8 per cent to Rs 1731.70, followed by HDFC Bank BSE -1.60 % which was trading 1.03 per.

According to dealers, some funds seemed to have off-loaded long positions in the Nifty basket after the gap-up start. Any further selling could trigger stop losses and lead to sharp sell-off.

US markets which closed at record highs after the central bank left its target interest rate near zero "at least as long as" unemployment exceeds 6.5 per cent, provided enough enthusiasm to lift Asian markers.

Sensex which slipped over 200 points in trade was trading at 20,691 or 0.8 percent lower. The index touched a high of 21,017.45 and a low of Rs 20,646.03. The Nifty index was trading 34 points lower or 0.9 per cent at 6161.35. The index touched a high of 6,263.75 and a low of 6,150.70 in trade today.

The decline in the index was largely led by rate-sensitive pack. The BSE Banking index was trading 1.62 per cent lower, while BSE Capital Goods index was down 1.63 per cent. 

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Stock Future Buy and Sell Tips for Today by Capital Height

Indian Stock market expected to be higher on Tuesday also the Asian market is on positive node. The year 2013 witnessed a great deal of volatility. Shares of Mahindra & Mahindra Financial Services had outperformed the market over the past one month till 16 December 2013, rising 3.60% compared with the Sensex's 1.28% rise. Shares of Apollo Hospitals Enterprise had underperformed the market over the past one month till 16 December 2013, sliding 5.94% compared with the Sensex's 1.28% rise.

Mahindra & Mahindra Financial Services (up 1.48%)

Apollo Hospitals Enterprise (up 0.81%), edged higher

Stock Future Tips to Buy:

Tata Elxsi Ltd BSE 1.77 % is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 335

Persistent Systems Ltd BSE 2.88 % is a 'BUY' call with a target of Rs 960 and a stop loss of Rs 890

Tech Mahindra Ltd BSE -0.19 % is a 'BUY' call with a target of Rs 1810 and a stop loss of Rs 1720

Infosys Ltd is a 'BUY' call with a target of Rs 3525 and a stop loss of Rs 3419

Stocks to Sell:

Sun Pharma Ltd is a 'SELL' call with a target of Rs 530 and a stop loss of Rs 564

Tata Global Beverages Ltd BSE 1.15 % is a 'SELL' call with a target of Rs 134 and a stop loss of Rs 147

Bharti Airtel Ltd is a 'SELL' call with a target of Rs 300 and a stop loss of Rs 320

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