Corporate News Headline
Sun Pharmaceutical has acquired US-based drug ingredients manufacturer Chattem Chemicals for an undisclosed amount. (BS)
Ambuja Cements is planning to continue its Rs 35 bn expansion programme for capacity enhancement by next. (BS)
Tilaknagar Industries is setting up a Rs. 800 mn grain-based distillery at Ahmednagar in Maharashtra. (BS)
Economic and Political Headline
Inflation rate slipped for the third week in a row to 8.84% for the week ended November 15 due to decline prices of metals, fruits, and some manufactured items such as imported edible oil and rubber. (BS)
The government has allowed firms to issue global depository receipts and foreign currency convertible bonds at lower prices than earlier permitted, to help firms whose stock prices have plunged to raise money abroad more easily. (ET)
The UK house prices slid 0.4% in November, as the financial crisis deterred homebuyers and banks rationed mortgages. (Bloomberg)
SPOT LEVELS FOR TODAY
 | 2752.25 | ( 3.70 %) | 98.25 |  |
| 1 | 2 | 3 | ||
| Resistance | 2795.45 | 2838.65 | 2914.70 | |
| Support | 2676.20 | 2600.15 | 2556.95 | |
 | 9026.72 | ( 3.81 %) | 331.19 | | |
| 1 | 2 | 3 | |||
| Resistance | 9172.78 | 9318.85 | 9575.97 | ||
| Support | 8769.59 | 8512.47 | 8366.40 | ||
Strong & Weak futures
This is list of 10 strong futures:
Sterlin Bio, NTPC, IOC, BPCL, TTML, Hind Petro, IVRCL Infra, Glaxo, MTNL & GTL.
And this is list of 10 Weak Futures:
Havells, Penin Land, Bhushan Stl, BEML, HDIL, Uni Phos, Matrix Lab, Suzlon, Ansal Infra, Purva & Unitech.
Nifty is in Down Trend.
NIFTY FUTURES (F & O)
Uptrend may continue up to 2781-2783 zone.
Support at 2729 & 2748 levels.
Below these levels, selling may continue up to 2679-2681 zone and thereafter it can slide up to 2632-2634 zone.Below 2584-2586 zone, expect panic up to 2536-2538 zone.
On Positive Side, rallies up to 2828-2830 zone can be used to sell. Stop Loss at 2876-2878 zone.
Short-Term Investors:
Short-Term trend is bearish and target at around 2392 level on down side.
On Positive Side, rallies up to 2982 level can be used to exit. Maintain a Stop Loss at 3178 level for your short positions too.
BSE SENSEX
Technically recovery should start.
Short-Term Investors:
Trend is Bearish & Technical target at around 8183 level on down side. Rallies up to 9974 level can be used to exit. SL at 10571 level.
Sell SMALLCAP Stocks
--Arvind Parekh
+ 91 98432 32381
