Market Outlook: Sensex And Nify Slipped Into Red

After making a positive start Indian market  have pared all their gains and were trading in red.

The Nifty and the Sensex slipped into the red after opening marginally in the green, circumspect ahead of derivatives expiry of the February series and the Railway Budget.

The Nifty opened 12 points up at 8,779, while the Sensex opened 44 points up at 29,052

At 9.36 a.m., the 30-share BSE index Sensex was trading lower by 57.74 points or 0.2 per cent at 28,950.25 and the 50-share NSE index was trading down by 18.7 points or 0.21 per cent at 8,748.55.

The S&P BSE Midcap Index was down 0.02 per cent and BSE S&P Smallcap Index edged higher by 0.06 per cent.
 

Barring oil & gas and metal, all other BSE sectoral indices were trading in the red. Among them, healthcare index fell the most by 0.91 per cent, followed by auto 0.65 per cent, FMCG 0.58 per cent and IT 0.5 per cent, while oil & gas index was up 0.08 per cent and metal 0.07 per cent.

Major Sensex gainers were SSLT 1.8%, HDFC 1.22%, Bharti Airtel 0.83%, ITC 0.61% and ONGC 0.49%, while the top five losers were Bajaj Auto 1.88%, Sun Pharma 1.76%, Hindalco 1.6%, Infosys 1.34% and Dr Reddy's 1.13%.

Rail stocks were trading mixed ahead of the Railway Budget announcement. Texmaco was down 2.23% at Rs. 136.10, Titagarh Wagons was up 1.92% at Rs. 590.30, Kalindee Rail Nirman down 2.34% at Rs. 137.50, BEML up 1.56% at Rs. 995.50 and Concor up 1.68% at Rs. 1,600.

Markets are likely to remain volatile as traders roll over positions in the futures & options segment from February 2015 series to March 2015 series.
Apart from F&O expiry, participants would also eye announcements in Rail Budget 2015-16 which would be tabled in Parliament .

If Nifty goes below 8700 then be a short seller and if it goes above 8900 then buy the market, market supported for Nifty is at 8730 with immediate resistance 8821 - 9000

STOCK CALLS FOR TRADING TODAY

Today “BUY” and “Sell” Ideas for the stock 

Shares of Jubilant FoodWorks, which operates the Domino's Pizza brand in India, have mobed up 3% to Rs 1,714 on the Bombay Stock Exchange (BSE) on reports.The stock opened at Rs 1,685, touched a high of Rs 1,719 and a low of Rs 1,675 inta-day. By 10.20 AM, a total of 18,898 shares had changed hands on the BSE.

Jubilant Foodworks Ltd has given a bullish breakout. We recommend a “BUY” above Rs 1660 with the stoploss of Rs. 1590 for the target of Rs 1780.

Shares of Bharat Heavy Electricals Limited (BHEL) were trading up by 0.41at Rs 279 on BSEand 0.45 at Rs 279 on NSE .

“Buy” BHEL with a target of Rs 272-273 zone and stop loss of Rs 275.

SRF Ltd is a “BUY” call with a target of Rs 1010 and a stop loss of Rs 950

“Buy” LIC Housing Finance with a target of Rs 492 and stop loss of Rs 473.

“Buy” IRB infrastructure development at 247.40, target: 252. Stoploss:244

SENSEX and NIFTY TRADING HIGH TODAY HOPEING FOR GROWTH ORIENTED BUDGET

The indian market starts positive today the benchmark BSE Sensex was trading higher by nearly 190 points due to firm global cues and on hopes of a growth-oriented Budget.

At 11.32 a.m., the 30-share BSE index Sensex was trading up by 186.88 points or 0.64 per cent at 29,191.54 and the 50-share NSE index Nifty was trading higher by 54.35 points or 0.62 per cent at 8,816.45.

Barring capital goods, all other BSE sectoral indices were trading in the green. 

Among them, realty index gained the most by 1.13%, oil & gas 0.97%, IT 0.86% and TECk 0.79%, while capital goods index was down 0.07%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.6 per cent, while Japan’s Nikkei stock average added 0.1 per cent after closing at a fresh 15-year high in the previous session.

The rupee gain 15 paise to 62.05 against the US dollar in early trade today at the Interbank Foreign Exchange on increased foreign capital inflow

The rupee had ended 11 paise higher at 62.20 against the US currency in yesterday's trade on increased selling of the American unit 

The stock that are shine today :

Major Sensex gainers were HDFC 2.32%, Infosys 1.84%, M&M 1.4%, ONGC 1.38% and Bharti Airtel 1.36%, while the top five losers were HUL 0.67%, Sun Pharma 0.58%, L&T 0.57%, Dr Reddy's 0.49% and Hero MotoCorp 0.39%.

Market breadth was strong with 1,294 gainers and 1,094 losers on the BSE