Equity Market Weekly Wrap and Investment Ideas @ Moneymaker Advices

Weekly Wrap: - Indian equity markets registered impressive gains in the week ended Friday, 13 February 2015. The Sensex gained in four out of five trading sessions. The Sensex advanced 377.02 points or 1.31% to settle at 29,094.93. The Nifty rose 144.45 points or 1.66% to settle at 8,805.50. On the macro front, the rate of inflation based on the consumer price index (CPI) rose 5.11% in January 2015 compared with a 4.28% gain in December 2014.

Domestic and global macro-economic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses.

On The F&O Front : - Weekly data shows in the past trading sessions, we have seen strong Put writing in 8900/8800/8700 strikes & major Call build up at 9100\9000\8900 strikes indicating a positive bias for market, in the near term. On the Call front 9000 & on the Put front 8700 has the maximum OI. 8700 is playing the strong support for upside.

On Technical Front: - On Nifty weekly chart strong resistance is seen at 8890 if it breaks with high volume, more bullishness is expected. Nifty Directional: - Buy Nifty Future Above 8900 Target 8950, 9000 Stop Loss 8800.

Time Frame : – 1 Week 

Investmnet plan for NSE Metal Sector @ Advices By Moneymaker Research PVT LTD.

The steel industry and its related metallurgy and mining industries have witnessed quite a few
investments and developments in the recent past. Some of the notable investments are as
follows:

@ L&T Special Steels and Heavy Forgings have entered into a five-year technology transfer
agreement with Japan Steel Works. This agreement covers transfer of critical technology for
steel-melting and heavy forgings made from ingots weighing up to 200 tonnes and for the
hydrocarbon and thermal power sectors.

@ JSPL Group has commissioned a Greenfield 2 MT steel plant in Sohar, Oman at an
investment of US$ 800 million. The Greenfield unit will be one of the largest steel plants in the
Gulf region.

@ Steel Authority of India Ltd (SAIL) has secured contracts for supplying over 117,000
tonnes of rails after successful bids for two global tenders floated by Rail Vikas Nigam Ltd
(RVNL), for major upcoming passenger rail line projects in India.

@ JSW Steel plans to commission Rs 4,500 crore (US$ 748.55 million) cold rolling mill
(CRM) at its integrated steel plant in Torangal, Karnataka. The unit, which will produce high-
strength auto-grade steel, has an installed capacity of 2.3 million tonnes per annum (MTPA).

@ Canada has invited Coal India Ltd (CIL) to explore mining opportunities in British
Columbia, as per Mr. Stewart Beck, Canadian High Commissioner in India.

Ranbaxy loses exclusivity on heartburn drug in US || Investment Idea

Drug maker Ranbaxy’s troubles with the US Food and Drug Administration (FDA) continue, with the American regulator allowing Israel-based Teva Pharma to launch the generic of Nexium, a heartburn medicine from the AstraZeneca stable. Nexium makes about $4 billion in global sales. Ranbaxy’s loss, meanwhile, could be gain for drug major Cipla, which provides Teva Pharma formulations for Nexium generic. Teva’s benefit from an early entry into one of the biggest drug opportunities will have a rub-off on the Mumbai-based Cipla.

 

Investment Idea

- BUY NCC ABOVE 76 TARGETS-76.7,77.4,78.1 SL-74.5 .

- SELL JINDAL SAW BELOW 88.6 TARGETS- 87.8,87,86.2              SL-90.2 .