NDPMS Wealth Management

A sloppy day for trade today. Not much movement seen in Indian stock markets all because of American off. Nifty has closed at 6300 levels still maintaining a sense of bullishness. BankNifty too moved ahead a bit from its major major support edge of 10810 levels. Falling from this level and sustaining it for a session or so shall be same as falling from a 1000 ft flat cliff. Holding this level for another one week shall signify a huge upward movement and may help Nifty cross its all time high barrier.Be watch full !! Reliance posted strong results however did not show up in its stock play today, probably macro factors weighing more than its micro parts. AsianPaints on the other hand has put up with negative ratios and for such a result sensitive stock, its definitely not a good news. Our call is to short its futures @ 490 levels with a target price of 480, with an targeted profit of 5K.

#thestocktalk - January 17, 2014 After testing the resistance of 6330 level yesterday, a fall out back into the 6120-6300 zone was surely on the cards. Nifty crossed below an important level of 6317, retested the 6300 as a resistance level ultimately falling down the 6282 level and ending up at 6272 levels today. Our caution is still maintained as the various daily momentum indicators speak different languages. Same was the script presented to BAnkNifty by the sole power. BankNifty too has been pushed below 10976 level and is now staring a crucial support level of 10805. Cutting across below this level would mean a huge 3-4 % fallout out from current levels for beta sectors. Keenly waiting for "Big Boy" Reliance's Q3 earnings report at 1700 hrs today.

Cnx Nifty faced resistance at discussed levels of 6320 - 6330 levels and closed at 6318. Though it failed to  breakout to the upside above the resistance levels, it made sure, that it did not slip below the 6300 levels which shall clarify a bullish trend with buy on dips strategy across all large cap and mid cap stocks. On the banking side, bank nifty continued to show the bullish spark, however some selling pressure due to profit booking was witnessed. Stocks or the sectors to watch out are IT & Telecom and keep a keen eye on Reliance which has formed a W formation on technical canvas. Stay away from financial / banking sector until further clarification. Lemme tell you, if nifty has to break the significant level of 6320-6330, banking sector has to give its full support !!

CNX Nifty closed just above its daily 21 moving average. Nifty untill yesterday had been range bound with the band of 6250 on the upside and 6150  to the downside. However yesterday it seemed to have broken above the weekly band and has closed just above its 21 MA today. Traders still need to wait until there is a breakout either above or below the range to make long or short positions in high beta sector respectively. Stock Watch: Since the tricky nature of Nifty for the day persisted, it is advisable to have a micro view and be stock specific. Short PFC (power finance corp), Jan Series @149.5 levels with a target of 145 (3 %) to the downside. Keep a stop loss at 150.5. Trade days: 2-3 sessions Long DivisLab @ 1280-1285 levels with an upside target of 1340 (3%) with a stop loss of 1265. Trade Days 3-4 Sessions

NEW DELHI: Farm equipment maker Escorts Ltd today reported 3.84 per cent decline in its total tractor sales at 3,852 units in December 2013.  The company had sold 4,006 units of tractors in December 2012, Escorts Ltd said in a statement.  Domestic tractor sales stood at 3,809 units during the month as against 3,988 units in December 2012, down 4.48 per cent.  Exports jumped by over two-fold to 43 units in December 2013 as compared to 18 units in the same month previous year, it added.  Source: Economic Times

As the finance expert from the Oxford University,  Tarun Ramadorai  has found an ideal platform in the Indian stock market to study behavioural pattern of individual investors in emerging markets. Having co-authored the study 'Getting Better: Learning to Invest in an Emerging Stock Market' with John Campbell and Benjamin Ranish, the Professor of Financial Economics, Said Business School, University of Oxford was on a visit to India to speak on the same at the International Finance Conference held at the IIM Ahmedabad. In an interview with  Vinay Umarji  on sidelines of the conference, Ramadorai talks about how individual investors are increasingly opting for delegation of their investment instead of directly investing in stocks and advises investors to avoid trading too much as well as hold diversified portfolio for better returns in the long run.  Excerpts: What has been your observation regarding the trend of retail investors in ...