S2 Market Outlook 14th May, 2015 CHOPPY, VOLATILE DAY WITH A HAPPY ENDING FOR BULLS, NIFTY MAY BE SEEING FIRST SIGN OF BULLISHNESS; INDEX STILL IN TRADING RANGE – BUY ABOVE 8300, SELL BELOW 8050. Bank Nifty gets an up day, opened with a gap up of 165 points at 17779.25. Some relief rally was expected after yesterday’s heavy decline in the index. Trend is sideways in Bank Nifty and it remains sideways till index close above 18900 which will act as a resistance zone for the index. The charts are not suggesting any trading opportunity as of now. We can also track Nifty’s chart as it is a wise way to predict movement in Bank nifty for big move. Bank Nifty is trading inside a range of 17500-18900. Therefore we should avoid the index or trade on the intraday basis till that range breaks. Look for buy on dips and sell on rallies but with proper stop loss. CNX IT traded choppy today. The index opened with a gap up and then saw a decline. At the end, prices retraced and closed near its open. Trend is sideways in this sector and IT Stocks are consolidating. The index is trading inside a range. Support for this range comes at 10950 whereas resistance comes at 11400. A move beyond these boundaries may give us a trading move in this sector. As of now, INFY and WIPRO is consolidating and trading inside a narrow range. A breakout in these stocks may give a buying opportunity. Intermediate and Short Term Trend is sideways in STEEL Sector. Prices have seen a decline and now finding support at lower levels. The Sector remained inside its consolidation. SAIL, JSW STEEL and JINDAL STEEL has seen a decline and now trading near its lower boundary of consolidation. We should avoid trading in these three stocks. TATA STEEL has seen an upside rally and then went into a narrow range. A breakout in this stock will give us a buying opportunity. SCRIP LTP DESCRIPTION INFY 1957.6 Short Term Trend is sideways in INFY. The stock has seen a big decline and now consolidating at its bottom. Prices are in a process of making a bullish head & Shoulder suggest we may see a rally here. Buy this stock above 1970. If this trade executes then place your stop just below 1930 and a target near 2050. JUSTDIAL 1076.5 Trend is down in JUSTDIAL. The stock has seen a big decline and went into a consolidation. Prices have made a bearish pattern of Descending Triangle. A breakdown may give us a shorting opportunity. Sell this stock below 1070. If this trade executes then place your stop just above 1100 and a target near 1010. STAR 1013.0 Long Term Trend is up in STAR. Prices have seen a sharp downside move and then went into a consolidation. Prices find support near 980 and now trading very narrow. Buy this stock above 1025. If this trade executes then place your stop just below 995 and a target near 1090. TVSMOTOR 220.5 Trend is down in TVSMOTOR. The stock has seen a minor up move and made a pattern of bearish flag. Prices have seen a breakdown from this pattern suggests further decline is possible. Sell this stock below 219. If this trade executes then place your stop just above 223 and a target near 211. FII/DII Data FIIs net Sell 649.4 Crore rupees shares in Index Future FIIs net Buy 428.45 Crore rupees shares in Stock Future FIIs provisionally net Sell 71.2 Crore rupees shares DIIs provisionally net Buy 254 Crore rupees shares Key Dates WPI Data on 15th May, 2015 (12PM) Corporate News MAN Industries has received orders worth approx. Rs. 510 crores from international markets for Oil and Gas sectors. With these new orders the outstanding executable order book as on date stands approx Rs. 1,300 crores. Reliance Jio Infocomm has signed an enabling loan of $750 million (Rs 4,800 crore) to fund electronic purchases from Samsung Electronics and Ace Technologies Corp. BHEL surpassed its power generation capacity addition target for utilities by 19 percent in 2014-15; BHEL has commissioned 8,230 MW of utility sets against the target of 6,914 MW for 2014-15. Suven Life Sciences has been granted one patent each by Europe and Hong Kong for a drug used in the treatment of neurodegenerative diseases. Source: Economic Times, Business Standard Board Meetings Symbol Purpose Meeting Date Symbol Purpose Meeting Date AHMEDFORGE Results 14-May-15 ADHUNIK Results 14-May-15 ARIHANT Results 14-May-15 INDOTHAI Results/Dividend 14-May-15 JKTYRE Trading Window 14-May-15 KOKUYOCMLN Results/Dividend 14-May-15 JKTYRE Results/Dividend 14-May-15 MANAPPURAM Results/Dividend 14-May-15 MONSANTO Results/Dividend 14-May-15 MANAPPURAM Results/Dividend 14-May-15 ORIENTBANK Results/Dividend 14-May-15 ESSARPORTS Results 14-May-15 AMTEKAUTO Results 14-May-15 HMVL Results/Dividend 14-May-15 ABIRLANUVO Results/Dividend 14-May-15 IMFA Results/Dividend 14-May-15 JUBLFOOD Results/Dividend 14-May-15 DALMIASUG Results/Others 14-May-15 SUBROS Results/Dividend 14-May-15 NCC Results/Dividend 14-May-15 AMTEKINDIA Results 14-May-15 SHARONBIO Results 14-May-15 HEG Results/Dividend 14-May-15 ADSL Results 14-May-15 VIPIND Results/Dividend 14-May-15 GRAPHITE Results/Dividend 14-May-15 KKCL Results/Dividend 14-May-15 PRISMCEM Results 14-May-15 UTTAMSUGAR Results/Others 14-May-15 GAMMONIND Results 14-May-15 APARINDS Results/Dividend 14-May-15 BARTRONICS Results 14-May-15 GSFC Results/Dividend 14-May-15 BLUESTINFO Results/Dividend 14-May-15 KESARENT Results 14-May-15 ZYDUSWELL Results/Dividend 14-May-15 CAREERP Others 14-May-15 VALUEIND Results/Others 14-May-15 ARVIND Trading Window 14-May-15 PCJEWELLER Results/Dividend 14-May-15 ARVIND Results/Dividend 14-May-15 ARSHIYA Results 14-May-15 INDIANB Results/Dividend 14-May-15 WELINV Results 14-May-15 OFSS Results/Dividend 14-May-15 SUBEX Results 14-May-15 NORBTEAEXP Results 14-May-15 TTML Results 14-May-15 MAHABANK Results/Dividend 14-May-15 DUNCANSLTD Results 14-May-15 GRINDWELL Results/Dividend 14-May-15 PALRED Results 14-May-15 BALKRISIND Results/Dividend 14-May-15 CASTROLIND Results 14-May-15 DBCORP Results/Dividend 14-May-15 DPL Results 14-May-15 AUSTRAL Results/Others 14-May-15 SIGNET Others 14-May-15 Corporate Actions Security Name Purpose Ex Date Security Name Purpose Ex Date MYSOREBANK Final Dividend - Rs. - 1.0000 14-May-15 KKALPANAIND Stock Split From Rs.10/- to Rs.2/- 21-May-15 SBT Dividend - Rs. - 5.0000 14-May-15 MACK Right Issue of Equity Shares 21-May-15 ATISHAY Dividend - Rs. - 0.6000 18-May-15 YESBANK Final Dividend - Rs. - 9.0000 21-May-15 HIKAL Interim Dividend - Rs. - 0.5000 18-May-15 CMC Dividend - Rs. - 27.5000 22-May-15 KHAITANLTD E-Voting 18-May-15 HARITASEAT Interim Dividend - Rs. - 22-May-15 SMADL Stock Split From Rs.10/- to Rs.5/- 18-May-15 KITEX Dividend - Rs. - 1.2500 25-May-15 NESTLEIND Final Dividend - Rs. - 12.5000 19-May-15 RELIANCEINF Dividend - Rs. - 3.5000 26-May-15 NESTLEIND Interim Dividend - Rs. - 19-May-15 For daily result analysis, follow this link: http://elitestock.com/Research/Result-Analysis Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014 Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. 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