NDPMS Wealth Management

Geopolitical tensions surrounding Ukraine weighed heavily on global markets. Key Asian markets ended lower except in China that gained 0.9 percent while Nikkei and Hang Seng fell 1-1.5 percent. European markets lost between 1-2 percent.  The market snapped five-day winning streak on the first day of the week, tracking weakness in global peers as investors remained cautious over rising tensions in Ukraine. The 30-share BSE benchmark Sensex closed below the 21000-mark, down 173.47 points to 20,946.65 while the Nifty fell 55.50 points to 6,221.45 weighed down by banks, capital goods, technology and healthcare stocks. Geopolitical tensions surrounding Ukraine weighed heavily on global markets. Key Asian markets ended lower except in China that gained 0.9 percent while Nikkei and Hang Seng fell 1-1.5 percent. European markets lost between 1-2 percent. Ukraine's new PM Arseniy Yatseniuk has accused Russia of declaring war on the country. This after Russia moved troops to three bases i...

#thestocktalk February 19, 2014 Towards the later end of today's trading session, bulls victory over bears was almost confirmed. Last minute buying into the Indian cash markets put the perfect cherry on the bullish dessert. Nifty has closed above a major major 6150 resistance level, however as per my understanding, i would consider this as an actual bullish breakout, only when nifty closed above this level for this week at least. BankNifty working out same as the Nifty. Daily momentum indicators too speaking off the bullish tone. Nifty to face strong resistance at 6180 levels tomorrow. Our today's portfolio consisted of banking, Info Tech and Oil n gas front runners with an upside target of 1.5% and a stop at .5% of our entry levels.

In a broader perspective, the stock is oscillating within a wide range of `133 to `94. After a steep fall from `124, the stock slipped into a consolidation mode and moved in a narrow range for nearly two weeks. In the process, it has managed to find the support marginally above the lower end of the range and posted a low of `100.50. At this juncture, the hourly chart displays a breakout from the ‘Falling Wedge’ pattern at `104. The volumes have also picked up significantly during this price activity. In addition, the daily ‘RSI-Smoothened’ momentum oscillator is now on the verge of giving a positive crossover. Combining all the above technical evidences, we advise traders to buy the stock from current level to a decline up to `102. The stock initially has a potential to rise towards `116 and in extreme bullish scenario, it may even test `120 level. The stop loss for this trade set up can be maintained at `97.40.

New Delhi:  The UPA 2 will present its interim Railway Budget on Wednesday, with a change in fares unlikely. It is the last Rail Budget for the UPA 2 before the Lok Sabha elections and the past five years have been a turbulent phase. The question is whether things are on track. This will be the last budget of the most turbulent phase of the Indian Railways. The two parties that ruled the railways in the past five years blame it on each other. "Pawan Bansal was accused of bribery, Mallikarjun Kharge is of no use, both spoiled the railways," said Trinamool Congress MP Saugata Roy. But Congress MP Oscar Fernandes has said that Railways is on the right track. "Railways is on track as development is taking place," Fernandes said. In the past five years, the Rail Bhawan saw six new ministers. For the first time in 17 years, the portfolio went to the Congress. Pawan Bansal did end 10 years of populism by announcing a hike in passenger fare, but soon exited on charges o...

#thestocktalk February 04, 2014 After a series of gap down openings last week, Nifty continued this latest trend and had a gap of -40points straight away at 9.15 today morning. It was at that moment trading at its 200DMA, however Nifty showed its metal and gained to cover the gap up. All the credit goes to the heroics shown by the Bank Nifty led by PSU banks. Still the forecast concerning nifty and banknifty movements look very grim and hence one should adopt pt sell on rallies strategy. One may short banknifty, or nifty or high beta stocks at banknifty levels above 11350 - 11400 with a stringent stop loss of 11450. Stay cautioned. 

RBI raises repo rate by 25 basis points shocking the dalal street yet again as status quo was expected by more than 90% of the market analysts. High beta sectors, specially banking now stands on the edge to a yet another breakdown. One may expect 6050  levels at Nifty to be breached if market consolidates along these levels for this week or so. Stay cautious !!

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.