NSE India (CNX200)

NSE Nifty Weekly Outlook

Profile: The S&P CNX Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.

Zee Entertainment: avoid

Company profile: Zee Entertainment Enterprises produces and develops Hindi films, serials, game shows and children’s programs. The Company also purchases rights to Hindi films, serials and other programs from their producers on a contract basis. Zee also produces films and exports entertainment software. 

Tech Mahindra: exit-long

Company profile: Tech Mahindra Ltd. develops and markets computer software. The Company markets software for telecommunications equipment manufacturers, telecom service providers, software vendors, and systems integrators.

Ashok Leyland: prepare for correction

Company profile: Ashok Leyland Limited manufactures medium and heavy duty commercial vehicles, including buses, tractors, dumpsters, haulage trucks, fire engines, and defense sector vehicles. The Company also manufactures industrial & marine engines, ferrous castings and spare parts for automobiles. Ashok Leyland sells its products in India and abroad.

Spread: CNX100 vs CNX Smallcap

Profile: CNX 100 Index vs CNX Smallcap Index, medium term outlook.

Bank of India: pressure on support

Company profile: Bank of India, through its subsidiaries, provides corporate, commercial, personal banking, retail, rural, and development banking. The Group specializes its services towards corporate and medium businesses, in addition to upmarket retail customers.

Divi’s Labs: tighten stops

Company profile: Divi’s Laboratories Ltd. manufactures pharmaceutical products which include generic drugs and their intermediates. The Company also undertakes contract research activities for other pharmaceutical companies.

Asia & Intermarket

Taiwan Cement (TW): Double Top

Company profile: Taiwan Cement Corporation manufactures and markets cement. The Company’s products include Portland cement, high strength cement, oil well cement, and sludge treatment agents. Through its subsidiaries, the Company also operates in transportation, construction, and information products businesses.

Spread: HSCI Property sector (HK)

Profile: HSCI Property sector vs HSCI, medium term outlook. 

Jardine Cycle & Carriage (SG): strong pressure

Company profile: Jardine Cycle & Carriage Limited distributes, retails, and assembles motor vehicles, parts, and accessories. The Company also develops and invests in properties, and provides after-sales services.

Hilong Holdings (HK): reversal pattern

Company profile: Hilong Holdings (HK:1623) offers oil field equipment and services. The Company provides drill pipes, line pipes, coating materials, and oil field services.

Asian Citrus (HK): basing in downtrend

Company profile: Asian Citrus Holdings (HK:73) owns and operates orange plantations in China. The Company currently cultivates and sells a variety of oranges namely winter oranges (hamlin, pineapple and hong jiang oranges) and summer oranges (Valencia oranges) in mainland China.

ASX Index (AU): very fragile

Profile: Australia All Ordinaries Index, medium term outlook.

TOPIX-17 IT & Services Index (JP)

Profile: Japan TOPIX-17 IT & Services sector index.

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Trade Idea: Taiwan Cement (TW)

| September 29, 2014 | Trade Ideas Asia

Profile: Taiwan Cement (TW:1101) manufactures and markets cement. The Company’s products include Portland cement, high strength cement, oil well cement, and sludge treatment agents. Through its subsidiaries, the Company also operates in transportation, construction, and information products businesses. Summary: Weekly – sell

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Trade Idea: EUR/GBP

Profile: Euro versus British Pound Summary: Weekly/monthly – sell

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Adani Ports & SEZ: start of correction

| September 23, 2014 | India

Company profile: Adani Ports and Special Economic Zone operates a shipping port on the west coast of India. The Company’s port provides services for bulk and container cargo, crude oil, and railway and other added services. 

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Bharat Forge: tighten stops

| September 22, 2014 | India

Company profile: Bharat Forge manufactures steel forgings and machined components for the automotive, diesel engine, railway, earthmoving, cement, sugar, steel, coal, ship building and oilfield industries. The Company specializes in closed die as well as open die forgings.

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