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FUNDAMENTAL OUTLOOK OF IIP DATA & ITS IMPACT ON NIFTY

 
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Author FUNDAMENTAL OUTLOOK OF IIP DATA & ITS IMPACT ON NIFTY
rsnagesh
White Belt
White Belt


Joined: 08 Mar 2007
Posts: 34
Location: COIMBATORE

Post: #1   PostPosted: Thu Feb 13, 2014 5:30 pm    Post subject: FUNDAMENTAL OUTLOOK OF IIP DATA & ITS IMPACT ON NIFTY Reply with quote

INDIA'S IIP DATA AT 178.30 VS 179.30 TURNED MARGINALLY NEGATIVE BY 0.56% ON THE BASIS OF
YEAR ON YEAR AND TURNED FULLY RECOVERED AT 178.30 VS 163.60 BASED ON MONTH ON MONTH
SHOT UP BY 8.99% TURNED FULLY POSITIVE WHICH GOT RELEASED FOR DEC 2013 ON 12-02-2014.
WHICH SIGNALS SHORT TERM DOWN SIDE FOR FEW DAYS IN NIFTY & FOR LONG TERM PERSPECTIVE
SEEMS TO BE VERY BRIGHT & LOOK FORWARD TO HAVE A NEW HIGH SOON AFTER THE GENERAL ELECTIONS
ARE OVER.

6. Some of the important items showing high negative growth during DECEMBER 2013
current month over the same month in previous year DECEMBER 2012 include.:


‘Polythene Bags incl. Hdpe & Ldpe Bags’ [(-) 58.4%], Aluminium Conductor’ [(-) 55.9%],
‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 39.0%],
‘Boilers’ [(-) 38.9%], ‘Earth Moving Machinery’ [(-) 38.2%], ‘Gems and
Jewellery’ [(-) 33.3%], ‘Polyester Chips’ [(-) 31.9%], ‘Molasses’ [(-) 30.3%],
‘Pens of All Kinds’ [(-) 29.2%], ‘Computers’ [(-) 25.9%], ‘Wood Furniture’
[(-) 25.7%] and ‘Commercial Vehicles’ [(-) 25.3%].

7. Some of the other important items showing high positive growth in the same
period DECEMBER 2013 VS DECEMBER 2012 are:


‘Vitamins’ (198.4%), ‘Sugar Machinery’ (78.8%), ‘Ayurvedic Medicaments’
(62.7%), ‘Cable, Rubber Insulated’ (59.8%), ‘Air Conditioners (Room)’
(47.2%), ‘Steel Structures’ (38.5%), ‘Leather Garments’ (27.4%),
‘Transformers (Small)’ (26.7%), ‘Stainless/ alloy steel’ (25.0%),
‘Cashew Kernels’ (23.4%) and ‘Antibiotics & its preparations’ (20.1%).

SHORT TERM OUTLOOK FOR NIFTY.: Fundamental Price Support Stands between 5987 - 6016.
A Price break below would revisit the points of 5718 - 5771 - 5834 - 5882 - 5905 - 5934.
Hence keep Tight Stop Loss of between 5882 - 5905 on a Closing Basis & Look Forward
to have a Higher Band of 6203.84 - 6358.96 with a minimum perspective, Average probable
would be 6669.20 - 6771.17 - 6824.32 and finally the Higher Probable range would be
between 7134.56 - 7289.68 - 7444.80.


NOTE.: All the above levels would be applicable only upto the month on which the New Govt at the Centre
would present its General Budget. Thereafter, things would change dramatically based on the outcome in the
General Budget 2014 - 2015.



FINDINGS & READINGS BY R.S. NAGESH
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