Category Archives: Indian Stock Market

Indian Stock Market, Stock Market News

India Market Weekly Review – 31Jan2015

Indian equity benchmarks touched new record highs during the past week as the Nifty made an all time high of 8996, which it could hold for less than 5 seconds, before profit booking avalanche hit Nifty and dragged it down by 144 points on Friday, 30 Jan 2015, which made Nifty give up all its weekly gains and close marginally down for the week — a negative / bearish indication for coming week.

BSE Sensex closed down by 96 points or 0.3% at 29182, while the Nifty closed at 8808, down by 26 points or 0.30%. Among Nifty constituent stocks, Lupin, BHEL, BPCL, DLF, HDFC Bank, ITC, Reliance, Axis Bank and HCL Technology were top gainers, while Bank of Baroda (BoB), Punjab National Bank (PNB), Cairn India, Infosys, Mahindra&Mahindra, Coal India and state Bank of India (SBI) and ICICI Bank were top losers.
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Banking, Indian Stock Market, Industrial Stocks, Stock Investments

Union Bank of India

Union-Bank-of-India-logoDate, 17 Dec 2014: Union Bank of India (BSE 532477, NSE UNIONBANK) has shown remarkable strength over last few weeks, often becoming the first banking stock to go into green while the entire market is in red. Despite Nifty correction of 600 points (7%), Union Bank has held its levels and bounced back rapidly from all corrections. This is a very positive sign, and indicates that strong buying/ accumulation is happening from large investors, and we can see 240-250 level in the next rally. Investors in Indian stock market can buy Union Bank on all corrections and hold for at least 242 by Feb 2015, which will be about 13% gain on today’s close of Rs 215. Union Bank of India is among our top picks in the Indian stock market for the year 2015, with a reliable upside target of 273, which will give 26% gain from current level of 215. Therefore, investors can buy Union Bank at current level and all prices below 200 for good gains in year 2015.union-bank-chart-18dec2014

Indian Stock Market, Stock Trading

Nifty Options Chain Analysis – 16 Dec 2014

Nifty Put Options went explosive today with Nifty coming close to 8050 today (day low 8052), having lost nearly 600 points in the last two weeks, making people want to buy protection as urgently as possible, at whatever price. We were selling Puts (with good profit) that we had bought when they were much cheaper. All those folks who resisted buying Puts, hoping for a pullback, could no longer wait and watch the market sinking, and see the Nifty Put options swelling in value 50% per day, every day!

Imagine, Nifty Dec 8500 Put option was at Rs 50 at the start of this series, and nobody really expected much downside despite sluggish moves in November 2014. That same Nifty Dec 8500 Put option was at 383 today, a gain of 666%!! Agreed that Nifty Put options have not paid off always in last 12 months, because of the bullish market, but they pay when markets are correcting from high levels, like in this month. Continue reading Nifty Options Chain Analysis – 16 Dec 2014 →