Stock Market Updates

Government set aside Rs 30,000 cr for startups in IT hardware, electronics.

NEW DELHI: India has set aside Rs 30,000 crore worth of incentives and subsidies to firms who will be interested in setting up electronic manufacturing units in the country. Startups interested in creation of apps for mobile phones, tablets and other electronic hardware will also benefit, as a package of Rs 10,000 crore is in the offing for them.

"About Rs 20,000 crore has already been approved. While the rest Rs 10,000 crore has been put forth for approval by the Cabinet for startups interested in IP creation, as an electronic development fund - EDF," J Satyanarayana, who took over this year as the new IT Secretary, at Department of Electronics and IT told ET.

Besides, the government has also drafted a marketing plan to encourage 'Made in India' electronics in the global market. "We have developed a marketing strategy. We will visit global trade fairs and exhibitions and invite component and electronic makers in Korea, Taiwan, China, Japan, Germany and US, to locate units in India," Mr Satyanarayana added. A delegation of Ministry officials is visiting a trade fair in Germany, next month to scout for potential candidates to set up units in India.

The Union Cabinet last month approved Rs 10,000 crore, as financial support for the development of electronic manufacturing clusters. Another package of Rs 10,000 crore has been approved to promote large scale manufacturing in India. About 2-3 firms have already expressed interest. "We expect the first few firms to utilize the incentives and set up units by next year," he said.

Termed modified special incentive package (MSIPS), it will provide incentives to the tune of 20%-25% as subsidy for capital expenditure incurred.

This is the second time that the government is coming out with such sops. In the past few years, government's move to attract semiconductor fabs to India have fallen on deaf ears. Not a single company utilized the incentives for chip manufacturing in India, the last time incentives were doled out during former IT minister Dayanaidhi Maran's tenure.

"It has been disappointing. Attracting investments involves a multi pronged strategy to develop talent, give incentives, and encourage IP creation, which we have embarked upon now," Mr Satyanarayana added.

The incentives will be provided in 29 categories which includes telecom, IT hardware, medical electronics, auto electronics, avionics and nano-electronics.

The incentives will also be applicable to firms such as Nokia, Samsung, LG, Dell, Lenovo who are already manufacturing in India.

India's electronics import bill is expected to cross $400 billion by 2020, which would exceed the oil import bill, thus threatening the country's dollar reserves. Globally, about $1.7 trillion worth of electronics hardware manufactured every year, of which India contributes only 1.3%.
SOURCE : Economictimes.indiatimes.com

Free Intraday Trading Tips for Tomorrow-

The market extended gain on Thursday and closed with significant gain. Nifty gained 1% and closed near 5050 level. The sectors which performed the best today were-  Realty, banking, auto and FMCG. Power, metal and capital goods also earned good today while consumer durables were the only losers today.


Intraday Tips for Tomorrow- 8th June 2012
Nifty Futures- Nifty Settled at 5033 and it is facing the nearest restance at 5055 and then at 5070 level. Traders can go for long in Nifty futures for the targets of 5070-5090-5110 keeping a strict stopl os on downside.

Stocks To watch
Buy DLF above 195.40 Target- 196.80-198.00-200 Stoploss- 193.20
Buy Larsen & Turbo Ltd above 1282, TG- 1293-1309 Stoploss- 1260

Nifty Intraday Outlook and Trading Tips For Tomorrow 28-March

After the government's clarification on the taxation of FII inflows through the Mauritius route , the markets bounced back handsomely and closed with robust gains. The Nifty crossed its psychologically important level of 5200. 

Nifty has strong support at 5,150 levels. Immediate hurdle for the market is at 5,285 levels. Sustaining above the levels of 5,285 will be positive for the markets, in that case will be exposed to higher levels of 5,375 and 5,550. Up move in the market will face stiff resistance at 5,375 levels. On the lower side breach of 5,150 will be viewed negatively for lower level targets of 5,050 and 4,950. Support Long should be seen in markets, as markets are close to the crucial reversal point of 200 days average.

Nifty Intraday Outlook & Trading Strategy for Tomorrow 27-March

It was choppy starting for Indian Equity Markets. Nifty lost 94 pts (-1.78%)  and closed in deep red below 5,200 levels. It has given a break down of the support level of 5,205 and appears weak on the chart. Bears are having control at the moment. Bulls have support at 5,150 levels; if they manage to hold 5,150 levels then recovery may be seen else selling pressure may be seen ahead. 

For intraday trading tomorrow, trend deciding level is 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,240-5,275-5,300 may be seen. On the downside if Nifty does not show strength above 5,200 levels then selling pressure till 5,150-5,120-5,075 may also be seen.

Trading Strategy :
We recommend holding on to short positions that we had recommended with a stop loss of 5,385 for the target of 5150-5120-5075 where profit may be booked.

Nifty Intraday Outlook For Next Week

While commenting on Nifty Outlook for next we see technically the level of 5,375 will act as a major hurdle for the Nifty. On the lower side 5,150-5,180 will act as a major support for the market and dismissal of the 5,150 may result into quick sell off to 5,010 minimum and maximum to 4,950 levels. Closing above the level of 5,375 can take index to the level of 5,550-5,600. Investors can certainly look for index stocks to buy around 5,200 levels.

For Nifty Intraday Outlook on Monday 26-March, trend deciding level is placed at 5275. If Nifty manages to trade above this level then rally to 5330-5375 can be seen. On the downside if Nifty doesn't show strength to trade above 5275 level then selling pressure can be seen till 5200 level.

Stock Market Technical Views - Nifty Outlook 22 March

Indian Markets traded well today and closed above 5350 level with significant gains of 90 pts. Both benchmark indices (Nifty and Sensex) witnessed handsome gains of 1.71% and 1.65% respectively. Capital Goods, realty, banking and power sectors were the biggest gainer today while IT and Metals too surged.

For Intraday Trading tomorrow trend deciding level is at 5350. If Nifty Manages to trade above 5350 levels then rally to 5385-5410-5450 can be seen otherwise Nifty below 5350 Nifty could see selling pressure to 5300-5260 levels. However Global cues will continue to influence market trends.

Nifty Intraday Outlook For Tomorrow 19-March

The major sentiments for Nifty looks bearish on unsatisfactory Union Budget 2012-13. It remains to be seen whether this downward break can induce some trend or it`s just because of the nervousness among the minds of market participants just of Union Budget. Key support area is seen at 5,240-5,210, which should not be lost if the uptrend has to continue, while favorable news flow can see index testing the value area of 5,550-5,600. The intraday supports in Nifty are placed at 5,275 and then at 5,240, the resistances for the day are seen at 5,370 and then 5,400.

Nifty Intraday Outlook & Trading Strategy For Tomorrow 15-March

Nifty showed some positive trend today and closed with moderate gains. After today's move Nifty is now trading close to the resistance of 5,477. For Nifty it is now very important to sustain above 5,400 level if the upward momentum is to continue. Any move below 5,400 would be initial sign of weakness and Nifty may further correct till 5,350-5300 which is the value of trend reversal for short term.

Nifty Intraday Trading Strategy

We recommend holding on to long positions with a revised stop loss of 5,350. However if Nifty fails to remain firm above 5,400 then one must not buy aggressively and protect their long positions with a stop loss of 5,350. On the higher side, sustenance above 5,400 can result in further upside till 5,521.

 

Nifty Intraday Trend For Tomorrow 07-March

Nifty witnessed selling pressure today and closed in red below 5,250 levels. Bears are having control at the moment. On downside, Nifty has some support near 5,170 levels. If Nifty manages to hold 5,170 levels then recovery may be seen, else selling pressure may be continuing.

For intraday trading tomorrow, trend deciding level is at 5,220. If Nifty shows strength above 5,220 levels, then rally to 5,270-5,300-5,350 may be seen. If Nifty does not show strength above 5,220 levels then selling pressure till 5,170-5,125-5,050 may also be seen.

Nifty Intraday Outlook For Tomorrow 02-March

It was another choppy session for Indian Stock Markets, which lead markets to close in red with substantial losses. Nifty witnessed selling pressure for second consecutive day. Nifty has important support zone in 5,300-5,270 zone. If Nifty manages to hold this zone the recovery may be seen else selling pressure may be continuing. On upside, Nifty has resistance in 5,400-5,450 zone. 

For intraday trading tomorrow 02-March, trend deciding level is 5,350. If Nifty shows strength to trade above 5,350 levels, then rally to 5,400-5,435-5,475 may be seen. On the downside if Nifty does not show strength above 5,350 levels then selling pressure till 5,300-5,260-5,225 may also be seen.

Market Technical Views For Tomorrow 22-Feb

Indian Stock Markets traded well today with significant gains of 0.76%. Nifty witnessed good strength and closed in green above 5,600 levels. Buying interest may be continuing above 5,625 levels. However, if Nifty manages to trade above 5,625 levels then profit booking may be seen. Nifty Feb future expiry due in this week and volatility may be seen till expiry. 

For intraday trading tomorrow, trend deciding level is 5,600. If Nifty shows strength above 5,600 levels, then rally to 5,640-5,670-5,700 may be seen. On the downside if Nifty does not show strength above 5,600 levels then selling pressure till 5,555-5,520-5,500 may also be seen.

Markets Outlook For Tomorrow 08-Feb

Nifty showed selling pressure from resistance near 5,400 levels and closed in red. Nifty is having tough time near 5,400 levels. Further buying interest may be seen only above 5,400 levels. On downside, Nifty has support in 5,250-5,200 zone. For Daily Purpose, Trend deciding level is 5,350. If Nifty shows strength above 5,350 levels, then rally to 5,400/5,450/5,500 may be seen. If Nifty does not show strength above 5,350 levels then selling pressure till 5,300/5,250/5200 may also be seen.

Nifty Trend For Tomorrow 01-Feb

Markets traded well today and both indices closed with handsome gains today. Nifty witnesswd good strength and closed in green near 5,200 levels. Buying momentum was seen in majority of sectors and majority of large caps participated in rally. Bulls are again showing momentum strength. Buying interest may be continuing above 5,200 levels. Profit booking may be seen if Nifty does not maintain above 5,200 levels.

For intraday trading tomorrow, trend deciding level is at 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,250/5,300/5,350 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,150/5,100/5,050 may also be seen.

Nifty Outlook and Trading Tips for Friday 27-Jan

At current levels Nifty is having positive trend for short term period but technically a correction may be seen. For intraday trading on Friday 27-Jan Nifty has strong support at 5110. Below this level it could find next support at 5030. On the upside Nifty has immediate resistance at 5202, and if it trades above this level then rally to 5240-5275 may also be seen.

On Friday new future series will open and it is expected that Nifty may touch the level of 5225. It is recommended to buy Nifty as long as it trades above 5130 levels.

Nifty Intraday Outlook For Tomorrow 20-Jan

The markets made a strong gain today and managed to close above its important psychological level of Rs. 5000. Realty and metal sectors were the biggest gainers in today's session and banking and auto sectors, too made substantial gains. 

At current level Nifty is showing momentum strength and likely to trade positive to flat. On upside, Nifty could find some resistance levels at 5060-5100 zone and profit booking may be seen from this levels. On downside, Nifty has support levels at 4950-4900. High volatility may be seen in markets for tomorrow trading as last trading day of week. 

For Intraday trading tomorrow, trend deciding level is at 5,000. If Nifty shows strength above 5,000 levels, then rally to 5,060-5,100-5,150 may be seen. If Nifty does not show strength above 5,000 levels then selling pressure till 4,960-4,900-4,850 may also be seen.

Nifty Intraday Outlook For Tomorrow 11-Jan

It was a cheerful trading session for the Indian Stock Markets.  Both benchmark indices traded very well and closed with handsome gains of ~2.25%. Nifty has given a positive breakout today. The short term trend has turned positive and from here on more upside cannot be ruled out. However high volatility can be expected since Q3FY12 result season has started. Global developments will continue to influence the market sentiments.

For intraday trading tomorrow 11-Jan, Nifty has resistance at 4,900-4,950. On the downside supports are placed at 4,770-4,720 levels.

Nifty Outlook For Tomorrow 06-Jan

It was a see-saw day of trade for the Indian stock markets which opened marginally positive and then traded within a tight range. Nifty witnessed profit booking from resistance near 4,800 levels and closed flat. Nifty is trading in 4,800-4,700 zone for last two consecutive days, until Nifty manages to trade above 4,800 or below 4,700 levels, volatility may be seen. Decisive price action may be seen above 4,800 or below 4,700 levels. 

For intraday trading tomorrow 06-Jan, trend deciding level is 4,750. If Nifty shows strength above 4,750 levels, then rally to 4,800-4,835-4,900 may be seen. If Nifty fails to show strength above 4,750 levels then selling pressure till 4,700-4,650-4,600 may also be seen.

Nifty Outlook For Wednesday 04-Jan 2012

It was a cheerful day for the Indian Stock Markets which opened gap-up and thereafter, moved from strength to strength following a pullback in beaten-down sectors. Gainers of the day were banks, IT, capital goods and metals sectors.

For intraday trading on Wednesday 04-Jan, Nifty could find its immediate resistance zone at 4810 and if nifty manages to trade above this level than rally to 4850-4900 can be seen. On downside Nifty could have support at 4700 level, and any trade below this level may drag Nifty to 4650-4600 levels.

Nifty Intraday Outlook For Tomorrow 03-Jan

Nifty short term trend has turned bearish to sideways. Nifty made hammer candlestick pattern on daily charts which shows that bulls are trying to enter from support in 4,600-4,580 zone. On upside, Nifty has resistance at 4,650 levels. If Nifty manages to maintain above 4,650 levels then recovery may be seen else profit booking may be seen.

For intraday trading tomorrow 03-Jan 2012, trend deciding level is at 4,630-4,650. If Nifty shows strength above this levels, then rally to 4,700-4,750 may be seen. on the down side if Nifty does not show strength above 4,630 levels then selling pressure till 4,580-4,550-4,500 may also be seen.

Nifty Trend For Tomorrow 28-Dec

From the last 3 trading sessions, Nifty was trading well and witnessed handsome recovery from the low of 4531. However, heavy intraday volatility has continued to play spoilsport for the position holders. The short term trend has turned slightly bullish however cautious approach is recommended since volatility is expected to remain high during the current weak as December Derivative series comes to an end on Dec.29. Above 4,750, next resistance on upside is placed at 4,820-4,840 level. Downside support exist at 4,660-4,670.