DEN Networks Stock Brokers Technical Report

Convincingly breaking its key Resistance at 198, DEN Networks climbed 3 percent on Thursday. This fortifies bullish traction and gives short-term dealers a chance to purchase the stock at current levels.
Since taking Support at 132 in late February, the stock has been on a medium-term uptrend. The short-term trend has been up from ahead of schedule May, upheld by great volumes. The stock is exchanging nicely over its 21- and 50-day moving midpoints.

For the week, the stock has surged 6.7 percent, undoubtedly breaking its long -term safety zone between 188 and 198. There has been an expand in day by day volumes in the past of the last five exchanging sessions.

The value rate of progress and moving average union difference signs on the everyday graph are hanging in the positive landscape suggesting upward force. The stock can augment its present upmove and achieve the price target of 216 and after that 221 in the advancing sessions. Purchase the stock with a stop-loss at 203.

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(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

MCX-natural gas outlook for short-term

The Natural gas Futures contract exchanged on the MCX has climbed greatly, something like 5.8 percent in the initial three exchanging days this week.

This increase has happened after it had combined around the 200-day moving normal, presently close to 262 per mmbtu for more than two weeks.

The Short term viewpoint has turned bullish now. Quick support for the agreement is at 270 and 268.

The agreement can climb to 277 quickly. A tear over 277 will open the entryways for a move towards the following targets at 285 and 290.

Merchants with a short term viewpoint can go long in this agreement. Stop-loss might be kept at 267 for the target of 280.

MCX-crude oil: The Mcx Crude oil futures contract exchanged on the MCX has been merging sideways between 5,930 and 6,340 a barrel since March.

It is at present balanced at the mid-point of this range and can move in either bearing.

Short-term brokers can avoid from exchanging this agreement right now and hold up at the cost to move to either 6,340 or 5,930.

Long positions could be launched close to 5,930 with a tight stop-loss at 5,910 for the targets of 6,150 and 6,300.

Then again, if the agreement moves higher from current levels, short positions could be launched close to 6,330 with a tight stop-loss at 6,370 for the targets of 6,150 and 6,000.

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Nifty Trading Calls

In the wake of opening on a level note, the Sensex and the nifty accomplished selling weight and declined even as the expiry of May derivative contracts ruled trading. The Nifty futures are at present down 31 points drifting over the support at 7,285. Some purchasing investment is apparent. Dealers can consider going long in this agreement with a stop-loss at 7,295. In the event that Nifty futures manage over 7,300, it can move higher to 7,320 and after which it to 7,340. However, assume that unpredictability will proceed and sharp swings are usually towards the end of the session. 

However, some sort of slip beneath 7,295 levels will certainly negate this positive check out. In this particular predicament, an opportunity regarding its next support from 7,285 may be possible and it could get to 7,250.

Strategy: Consider long position with a stop-loss at 7,295 levels.

Supports: 7,285/7,250

Resistances: 7,320/7,340/7,385.

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Air India’s fourth quarter revenues higher than Jet’s, losses lower

New Delhi: With Jet Airways (India) Ltd reporting its highest-ever annual loss of Rs.4,129 crore in 2013-14, Air India Ltd on Wednesday said its financial parameters had improved significantly in comparison to its major private competitor, with its fourth quarter revenues higher and losses much lower.

 

While Jet had on Tuesday reported a Q4 revenue of Rs.4,566 crore, the government carrier’s unaudited estimation of earnings stood at Rs.5,842 crore.

 

Similarly, Air India’s net operating loss in the same quarter was Rs.961 crore, compared to Rs.2,153 crore of Jet, the figures showed.

 

Air India’s overall annual operating loss stood at Rs.2,123 crore compared to Jet’s Rs.2,360 crore, the unaudited projections showed, adding that the state-run airline’s annual operating loss was estimated at Rs.2,123 crore as against Jet’s Rs.2,360 crore.

 

When contacted, senior Air India officials also claimed gains of about 8% in the business class revenue.

Jet Airways has posted its highest-ever annual loss of Rs.4,129 crore, forcing it to adopt tough measures to lower costs and achieve profitability with a three-year business plan.

 

However, Air India officials made it clear that the major reasons for its losses were high fuel costs, primarily due to increase in its domestic and global operations, and the higher number of employees— around 24,000. As of March 2013, Jet’s employee strength stood at about 12,000.

 

The government carrier also has large cost of depreciation because it owns a large number of aircraft, while Jet’s fleet was almost entirely on sale and leaseback (SLB), they said.

 

SLB is a financial transaction where one sells an asset and leases it back for the long-term, thereby allowing one to continue using the asset but no longer owning it.

 

Jet, which would be headed by Australian national Cramer Ball (formerly with Etihad) as its new chief executive officer (CEO), posted a net loss of Rs.2,153 crore for the quarter ended 31 March, while its consolidated loss for the full fiscal widened to Rs.4,129 crore. This was the fifth straight quarterly loss for the airline.

Courtesy: livemint

 

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Opening Bell 29 May | Markets eye Infosys as management churn continue

Mumbai: Asian markets posted tepid gains on Monday morning after US and European stocks declined, reports Financial Times. China’s Shanghai Composite was trading flat and Hong Kong’s Hang Seng was up 0.3%. Japan’s Nikkei Stock Average was down 0.3% after retail sales, a key barometer for the economy, declined 13.7% in April, from a year earlier.

Overnight, US markets closed marginally lower after touching an all-time high on Tuesday as investors took a breather after four consecutive sessions of gains. The S&P 500 declined 0.1%, Dow Jones Industrial Average was down 0.3% and Nasdaq Composite also lost 0.3%.

In India, Infosys Ltd shares will be in focus after B.G. Srinivas, the president and a possible contender for chief executive officer, decided to leave the company. With Srinivas departure, all the five non-founder leaders have left Infosys and an outsider looks the most likely bet as next CEO.

The National Democratic Alliance (NDA) government is likely to make implementation of the goods and services tax a priority paving the way for easing of cargo movements across the state boundaries. Finance minister Arun Jaitley may meet state finance ministers soon to sort out differences over GST. Read more.

The finance ministry may come out with a liberal foreign investment policy that will allow at least 49% investment in all sectors, barring a few strategic ones, as part of plans to stimulate overseas interest and help lift the sagging economy, reports Economic Times. 

The finance ministry has also drawn up a strategy to revive the primary market through tax breaks and bigger share for retail investors in the initial public offers, read more.

Srei Infrastructure Finance Ltd shares will see some action as it plans to acquire Abhijeet Group’s 1,080 megawatt Jharkhand power project at around Rs.9,000 crore, marking the first of several acquisitions in India’s power sector, reports Mint.

Tata Motors Ltd shares will be under pressure after it said that its domestic operations would likely not post a profit for the fiscal year that ended in March, hurt by sluggish demand. Tata Motors net profit declined 75% to Rs.300 crore in FY13.

Tata Steel Ltd and Steel Authority of India Ltd (Sail) shares will be in focus as the Odisha government is expected to issue orders that will allow the steel companies to restart operations at their captive mines shut since 16 May, reports Economic Times.

Jet Airways India Ltd shares will continue to remain in the limelight after the 9% fall in stock price on Wednesday as the airline expects to return to profit in 18 months, following implementation of a new route network, fleet strategy and cost optimization measures, reports Business Standard.

Unitech Ltd shares will be under pressure after it reported a net loss of Rs.51.5 crore in the March quarter due to write-down of around Rs.100 crore of investment in the telecom business. 

Hero MotoCorp Ltd reported its fifth profit decline—3.5% to Rs.554 crore—in seven quarters due to higher tax burden and tepid sales growth in a sluggish economy, read more.

Lastly, Apple Inc. has sealed its biggest ever acquisition with the $3 billion purchase of Beats Electronics, giving the company new heft in digital streaming although it broke Apple’s long-standing convention of developing its technology in-house, reports Financial Times.

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Arun Jaitley keen to meet state FMs to push GST

Keen to push the Goods and Services Tax (GST), Finance Minister Arun Jaitley on Wednesday expressed desire to hold an early meeting with the state finance ministers. 

He also asked revenue officials to appraise him of the developments on the GST through a separate presentation on the issue, sources said. 

During a presentation by Revenue Secretary Rajiv Takru to the new Finance Minister, who took charge on Tuesday, the officials appraised him of the problems and challenges being faced on the revenue front.

Mr. Jaitley, according to sources, expressed keenness to meet state finance ministers on the GST, the new indirect taxes regime which will subsume various levies like excise, service and various local taxes.

The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for the GST regime which aims at subsuming most of the indirect taxes at the central as well as the state levels. 

The ruling party BJP in its manifesto has committed to “bring on board all state governments in adopting GST, addressing all their concerns”. 

Besides GST, Mr. Jaitley also inquired from the revenue officials the reasons for failure in achieving the tax collection target. 

The officials, according to sources, attributed the shortfall in revenue collection to moderation in industrial activity and slowdown in imports. 

The Index of Industrial Production (IIP) remained almost flat during the 2013-14, recording a marginal decline of 0.1 per cent. 

Oil and non-oil imports in April declined by 0.6 per cent and 21.5 per cent to $ 12.97 billion and $ 22.74 billion respectively, indicating a slowdown in industrial activity as well as duty collections. 

The government had estimated gross revenue collection of Rs 12,35,870 crore in 2013-14, but later revised it downward to Rs 11,58,905 crore. 

The issues concerning gold imports too came up for the discussions during the presentation. The officials pointed out that hike in the import duty on gold has led to increased smuggling of the precious metal. 

Industry has been demanding easing of curbs on gold imports put in place last year to check high Current Account Deficit (CAD). 

The import duty was hiked thrice to 10 per cent last year and RBI too put several restrictions on the import. However, the central bank has been gradually easing the restrictions. 

Courtesy: thehindu

KPMG launches new global data and analytics insights lab in Bangalore

Mumbai, May 28:  

KPMG International has launched KPMG Insights Labs, a virtual research and development (R&D) centre in Bangalore, that will serve as a global innovation hub. The aim is to incubate and develop data driven business solutions for KPMG member firms’ clients. 

The creation of KPMG Insights Labs is the latest step KPMG has taken to expand its portfolio of data and analytics (D&A) solutions and services, with new innovative solutions to help member firms’ clients unlock the value of their data. 

In November 2013, KPMG International announced the launch of KPMG Capital, a fund created to accelerate innovation in D&A services and solutions. Since December 2013, KPMG member firms in the US, UK and Australia announced a number of acquisitions or partnerships that are designed to offer D&A and digital solutions to clients helping them manage risk and cost, and drive growth. 

As the global R&D resource for D&A solutions in India, the Insights Labs will undertake R&D for the assets acquired by KPMG Capital as well as for existing KPMG intellectual property. All of KPMG’s member firms worldwide can access the details, a statement from KPMG noted. 

The company's Insights Lab, with hub locations in the UK, US and India will provide an environment where new D&A applications can be developed, proof of concept designs demonstrated and verified, and ideas incubated. 

"The Insights Labs are intended to fill a critical gap for clients,'' said Mark Toon, Global Leader of Data and Analytics and CEO of KPMG Capital. "The Labs were designed with input from member firms’ clients and alliance partners, and will help them to explore and pressure test new applications and simulate real scenarios to derive insights faster.'' 

He added that more than ever, businesses need decision backed by insight, and the KPMG Insight Labs have been created to accelerate the pace of innovation. 

"The new lab in Bangalore recognises the capabilities of our Indian data scientists and will act as ground to build solutions for Indian and global markets. Indian clients are getting more sophisticated about use of data and analytics and KPMG lab in Bengaluru will help our clients to experience first and the art of the possible and the art of the probable in leveraging their data for faster, more insightful decisions,'' added Amit Khanna, Data and Analytics lead for KPMG in India.

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Courtesy: thehindubusinessline

Nifty settled in the range of 7300-7400 in May

Indian stock market seems positive. I would say that in the long Nifty (Nifty) to get strong support at 7000 levels.

Nifty May futures are settled next week series (expiration). I believe that may be in the range of 7300-7400 Nifty settled. Modi government is now eyeing the domestic market faces joining the Cabinet and is looking at measures to be taken by them. Also upcoming RBI monetary policy review on June 2, 2014 meeting is supposed to. The first meeting of the new government to be formed after the RBI. The meeting will be in terms of decision-making on the market.

In terms of regions metal, bank and cement seem fine. Select Infrastructure sector stocks also look good. My advice to investors, according to long-term perspective, ONGC, Oil India, Coal India, MOIL and Engineers India can invest in stocks.

Short-term Calls

HCL Info systems Buy 63 Target 67 SL 60

L&T Finance Holdings Limited Buy 76 Target 80 SL 73

Sobha Developers Buy 447 Target 452 SL 444

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Check out: Top chart picks for today

I have a buy call on Bajaj Hindusthan . Daily chart of Bajaj Hindusthan is showing three-wave setback. It has taken a form of a bullish flag pattern. As per the Elliott Wave theory, the three-wave set back is considered as a corrective structure and is usually followed by an impulse on the upside. Accordingly the stock has started a fresh rally and has broken out from the bullish flat pattern. So the stock has significant upside potential from current level. From trading perspective, stop loss can be placed at Rs 18.20 and target will be Rs 20.

Jain Irrigation has been rallying smartly since last few weeks. On the daily chart it is forming higher tops, higher bottoms, which is a sign of an uptrend as per Dow Theory. The short-term momentum indicators are in line with the rally. However, in the last session, the stock has taken a halt which on the daily chart is showing up as a bullish inside bar whereas on the early chart it is showing up as a bullish flat pattern. So this is also a good buying candidate from trading perspective with stop loss at Rs 89 and target at Rs 97.20.

The first stock is Mcleod Russel . It has moved above the 200 day moving average and has given a breakout above 50 day moving average as well. The interesting part about the stock is the momentum indicator especially the RSI as well as the moving average convergence divergence (MACD), both of them were steadily and gradually turning on to the positive side. I think after yesterday’s move backed by strong volumes as well as price action, the momentum indicators have given a strong thumbs up to Mcleod Russel chart and I believe from short-term perspective, it could offer a good trading window. My sense is that this stock could reach targets of Rs 294 in one-two days with a stop loss of Rs 278.

The second stock is Adani Enterprises . The stock has had a stellar run right from Rs 200 levels to now just about crossing that Rs 500 mark. The interesting part about it - the short-term view is that after the steep run, couple of weeks back it was under consolidation, the price movement as well as the momentum indicator were on a steady path but after yesterday’s move, the swing high is more or less been made once again in Adani and probably from a short-term perspective, it could offer a further fillip on the upside. My target for Adani Enterprises is Rs 520 with a stop loss kept at Rs 465.

My first pick for the day is going long on BGR Energy . Stock has given price volume breakout on its daily chart. Technical oscillators are also trading with a positive bias. Traders can initiate long at current market price with a target price of Rs 165, maintain stop loss below Rs 143.

My second pick for the day is going long on Bank of India (BoI). The stock has given a close above its important resistance area. Technical oscillators have also given buy signal. Traders can initiate long at current market price with a target price of Rs 270, maintain stop loss below Rs 240.

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