Daily Commentary: 10/12/2014

After 3 day continues fall today Market closed marginally higher. Nifty was volatile with +0.18% and

Sensex also closed higher yet out of 30 scripts only 13 were on positive note. Meanwhile, ONGC, SBI,

Tata motors were the limelight stocks for the day.


Traders are still cautious over market as there was not directional cue from today. Market breadth on the

BSE remains healthy 1,587 shares advancing and 1,176 shares declining. Foreign Portfolio Investors sold

a net worth Rs 221.52 crore on Tuesday as per provisional data. India VIX was negative by -2.02%

The Top Movers of the day are SBIN, Jindal Steel, ONGC, PNB and Bank of Baroda. Top losers of the

day are NMDC, BHEL, HUL, GAIL and Tech M.


As Chinese consumer inflation was reported to be 5 year low Chinese market +3% higher to yesterday.

Weak crude oil price and pull-down in US Market affected Japanese market due to which Nikkei was low

by -2%


 However, BSE Capital Goods, IT and FMCG are losing sheen and are down between  -0.4 to -1%. Yet,

Midcap and small cap closed higher and stool as outstanding index for the day. Meanwhile, Government

is thinking to conclude coal linkage rationalization an and swapping agreement for terenal project wich

will save 6000 crores . This is going to benefit power projects of companies including Adani Power,

Indiabulls Power and NTPC, among others.

Market Commentary:12/9/2014

Major Indian Index Nifty and Sensex opened negative and after two failed attempts to stay positive Nifty Slipped -1.16% and Sensex slipped -1.15%. Both the Indices gave conformation of 20DMA negative breakout which happened yesterday. Indian Market ended up its 8 week low.

Today all the major Indices were negative; India VIX was up by 2.36%. The major losers in stock are SSTL, ONGC, Tata Power, Tata Steel and the top gainers are M&M, Dr. Reddy, Sun Pharma and HCL Tech  

Most of all Asian Markets are in negative in which Chinese market fell over 5% creating a major fall since 2009. Meanwhile Brent Crude oil hit its 5 year low at USD 66/Barrel.   

Technical Analyst predicts 100DMA can be the next support for Nifty and Sensex. Indian stock market is likely to consolidate further this week. Traders say weak global cues and rise in current account deficit (CAD) is the major reason for today’s fall.

Video Resume Sangamesh K S

Statistics in Excel: Mean, Median, Mode, Range, Standard Deviation and V...

Draw candle stick on Excel

Here in this Video I have shown that it is possible to draw candle stick charts on Excel

How to Calculate Beta of a stock?

Here in this video I have shown how to calculate a beta of the stock using excel and log return.

Click here to view the calculation

Renuka Sugars: A view

Renuka Sugars

India is a handsome consumer of sugar nearly 23 million tons annually. Recently WTO’s stand on export subsidy of raw sugar and Indian’s stand on import of sugar had bought Indian sugar companies in demand.  

"There was an import parity but mills were not signing deals, expecting revision in the import duty. At 25 percent duty, imports are not viable," said a Mumbai-based dealer with a global trading firm.  As per times of India.

From last few days we are able to see upside movement and the stock is near to the downtrend line. If there is a breakout the stock might show the reversal and currently MACD have shown a positive crossover. And RSI is showing bullish signs.

If the stock fail to give a positive breakout it have a support at 14.58. currently the stock is near to its low.