BANK NIFTY FUT VIEW FOR 03/11/2014

Price has started on a gap up note and traded with extremely positive bias.
On the higher end it reached near 17200 towards the closing whereas on the
lower end it made an intraday low of 16845. The rise in price was backed by
rise in volume which is bullish condition. On the higher end price may reach
17312; sustain above which may trigger up move towards 17470. On the
lower end support lies at 16950, below which price may drift down towards
16700

NIFTY VIEW FOR 03/11/2014

Price has started on a gap up note and traded with extremely positive bias.
On the higher end it reached to 8330 towards the closing whereas on the
lower end it made an intraday low of 8202. The rise in price backed by
increased volume indicates long addition in the market. On the higher end
price may reach 8355; sustain above which may trigger an upside of another
50 points. On the lower end support lies at 8287, below which price may
drift down towards 8220-8180.

nifty outlook for 31 oct 2014

Price started on a gap up note and traded with positive bias throughout rest
of the session. On the lower end 8050 acted as effective support level
whereas the headline index Nifty reached near 8100 towards the closing. In
the daily chart price neared the upper Bollinger which may provide some
selling pressure; however, the bias remains positive as long as the price
sustains above 8000. On the higher end resistance seen at 8115, above
which it may move towards 8181. On the lower end supports are pegged at
8050/7990/7935.

Bank Nifty Future Outlook

Price started on gap up note and made a high of 16785; however, it drifted
down to the day’s low of 16590 as the day progressed. Throughout the
trading session volatility was seen in the price. The bias remained negative
for the session. On the lower end support lies at 16550, below which the
index may drop down towards 16400/16250. On the higher end resistance
seen at 16700/16950.

NIFTY OUTLOOK FOR 30 OCT

Price started on a gap up note and traded with positive bias throughout rest
of the session. On the lower end 8050 acted as effective support level
whereas the headline index Nifty reached near 8100 towards the closing. In
the daily chart price neared the upper Bollinger which may provide some
selling pressure; however, the bias remains positive as long as the price
sustains above 8000. On the higher end resistance seen at 8115, above
which it may move towards 8181. On the lower end supports are pegged at
8050/7990/7935.

Bank Nifty Future Outlook

Bank Nifty Future Outlook

Bank Nifty Future started higher and throughout the trading session price

remained volatile. On the higher end price almost reached 16700 as it made

an intraday high of 16699. On the lower end price found support above

16480. In the daily chart RSI is in bullish crossover whereas Stochastic is

bearish crossover. On the lower end supports are pegged at 16450/16250.

On the other hand resistances are placed at 16700/16900.

NIFTY OUTLOOK FOR 28/10/2014

Nifty started on gap up note and remained choppy throughout the tradingsession. On the higher end it failed to sustain above 8050 which trigger for acorrection towards 7980. In the daily chart RSI is in bullish crossoverwhereas Stochastic is bearish crossover. In the daily chart an engulfingpattern has formed which suggest a bearish trend reversal at the end of anuptrend. On the lower end supports seen at 7970/7935/7880; on the higherend resistance seen at 8065/8115/8160.

BANK NIFTY FUTURE VIEW

Bank Nifty Future started higher and throughout the trading session price
remained volatile. On the higher end price failed to reach 16650 as it made
an intraday high of 16632. On the lower end price found support at 16400.
Daily RSI and Stochastic are in bullish crossover. On the lower end supports
are pegged at 16400/16150. On the other hand resistances are placed at
16700/16900

NIFTY VIEW FOR 23/10/2014

Nifty started higher and throughout the session price hovered within a
narrow range of 30 points. On the higher end it failed to move above 8005
whereas on the lower end it managed to sustain above 7970. In the daily
chart price moved back above the 50 DMA and closed above it at the end of
the session. Bullish crossover in the daily Stochastic and RSI are expected to
add to the positive momentum in the index. On the lower end 50 DMA
(pegged around 7930) is expected to supports; below which price may drift
down towards 7880/7820. On the other hand resistances are placed at 8050;
above which Nifty may move towards 8110/8170.

BANK NIFTY OUTLOOK FOR 21/10/2014

Bank Nifty Future witnessed a strong rally as it broke above the short term

consolidation pattern. On the higher end it reached 16350 whereas it found

support around 16200. The rise in price backed by good volume suggests

bullishness in the space. Among the momentum indicators – RSI and

Stochastic are in bullish crossover. On the higher end resistance may be seen

at 16400/16500. On the lower end supports are pegged at 16200/15900.

NIFTY OUTLOOK FOR 21/10/2014

Price started on gap up note and remained volatile throughout the trading

session before ending almost 100 points higher. On the higher end price

found resistance at 7900 whereas on the lower end 7850 acted as support for

the falling price. The bullish crossover in the daily RSI and Stochastic is

expected to add to the positive sentiment; however, price may find

resistance at middle Bollinger band which is pegged around 7950. Sustained

trades above 7950 may trigger for an upward movement towards 8025. On

the lower end price may find support at 7820/7780/7730.

Diwali Muhurat Picks

SKP Stock Idea

Diwali Muhurat Picks                                 Saturday, October 18, 2014                        SKP Securities Ltd

SKP Diwali Recommendation

We have identified few value picks that you could look to invest on the occasion of Diwali 2014, which we feel have value & are likely to do well even from current levels. A minimum of 9‐12 months investment perspective on these stocks is recommended.

Muhurat Picks for Diwali 2014

Company	Sector	CMP	Target Price	Upside Potential
Axis Bank Ltd	BFSI	402.0	516.8	28.6%
Concor Ltd	Logistic	1300.0	1578.9	21.5%
GIC Housing Finance Ltd	BFSI	157.3	200.6	27.5%
IDFC Ltd	BFSI	139.3	171.0	22.8%
L&T Ltd	Infrastructure	1452.5	1714.4	18.0%
Mahindra & Mahindra Ltd	Automobile	1254.0	1490.0	18.8%
Reliance Industries Ltd	Oil & Gas	938.2	1115.7	18.9%
Tata Communication Ltd	Telecom	366.1	442.0	20.7%

Happy Investing!!!

BANK NIFTY FUTURE OUTLOOK

Bank Nifty Future started on a strong note and traded with positive bias
throughout the trading session. On the higher end it broke the resistance of
15900 and moved to 16030. The bullish crossover in the daily RSI and
Stochastic is expected to add to the positive sentiment in the banking space.
However, resistance seen at 16035; sustained trades above that level may
take the index towards 16160/16400/16500. On the lower end supports are
pegged at 15875/15650/15500.

NIFTY OUTLOOK

Nifty started on flat note and traded with volatility throughout the trading
session. On the lower end it found support above 7720. Price witnessed
strong technical re-bounce towards the lower band of the rising channel
which previously acted support for the falling price has acted resistance for
the rising price. Now, the price is expected to find resistance at 7830;
sustained trades above which may trigger for further upside. On the lower
end support lies at 7770; sustain below which trigger the resumption of price
slide; lower supports are pegged at 7700/7650.

RBI Monetary Policy Simplified

RBI Monetary Policy Simplified Jitendra Arora, Senior Vice President & Fund Manager – Fixed Income, decodes the Reserve Bank of India's monetary policy.

The monetary policy is an event during which the RBI Governor announces the change in interest rates if any. By managing the interest rates, the RBI Governor controls liquidity in the system and also balances growth–inflation dynamics. RBI monetary policy on September 30, 2014 RBI in the Fourth Bi–Monthly Monetary Policy Statement 2014–15 left the rate at which it lends to the banks unchanged at 8.00%, which was in line with the market expectations. RBI kept the rates unchanged post their assessment of the current and evolving domestic/international macroeconomic and geopolitical environment. These policy measures were taken considering the fact that though Consumer Price Index Inflation has eased in the recent months, it is still significantly higher than RBI´s stated inflation target of 6% by January 2016. We believe that if the international global commodity (oil and non–oil) prices remain benign along with lower domestic food prices, it would lead to lower inflation in next few months. This should provide room to the RBI to reduce interest rates in the future as and when it gets convinced about meeting the 6% target for CPI inflation by January 2016. Overall the fundamentals for the economy are continuously improving and should lead to high growth with acceptable levels of inflation. Therefore, we sincerely recommend that policy holders should continue paying their premiums regularly and remain invested in the choice of their fund(s) as per their risk appetite. This would help policy holders achieve their long term financial goals.