Corporate News Headline
IOC has tied up over Rs. 100 bn debt for 15 MT Paradip refineries, which is scheduled for commissioning in the first quarter of 2012. (BS) SBI has an exposure of nearly Rs. 5 bn in two Maytas firms— Maytas Properties and Maytas Infra. (BS) Maruti Suzuki has re-started its small car exports to Europe after a gap of 4-years and hopes to export 1,50,000 cars in FY11. (BS) Economic and Political Headline Index of industrial Production rebounded into positive territory in month of November 2008, to show a 2.4% industrial growth as compared to the level in the month of November 2007. (CSO) The struggling Indian automobile industry reported yet another worst ever performance with overall domestic sales declining by 18.2% in December 2008, as commercial vehicles and two- wheelers sales crashed heavily. (BS) The Prime Minister Gordon Brown will pledge USD 758 mn to encourage hiring and counter rising unemployment as the UK economy slips into its deepest recession in almost three decades. (Bloomberg)NIFTY & SENSEX SPOT LEVELS FOR TODAY
| 2773.10 | ( -3.48 %) | -99.90 |  | |
| 1 | 2 | 3 | ||
| Resistance | 2845.35 | 2917.60 | 2966.00 | |
| Support | 2724.70 | 2676.30 | 2604.05 | |
 | 9110.05 | ( -3.15 %) | -296.42 | | |
| 1 | 2 | 3 | |||
| Resistance | 9285.97 | 9461.89 | 9592.65 | ||
| Support | 8979.29 | 8848.53 | 8672.61 | ||
Strong & Weak futures
This is list of 10 strong futures:
Grasim, India Cem, Dabur, Maruti, Guj Alkali, BEL, Shree Cem, GTL, Sun Pharma, Neyvelilig.
And this is list of 10 Weak Futures:
Punj Lylod, Nagar Const, LITL, DLF, Ansal Infra, Star, TVS Motors, HDIL, R Com & Roltas.
Nifty is in Down Trend.
FII DATA AS ON 12TH DEC
FII-563.57
DII +217.83
NIFTY FUTURES (F & O)
Below 2746-2748 zone, selling may continue up to 2718 level by non-stop.
Hurdles at 2760 & 2768 levels. Above these levels, expect short covering up to 2814-2816 zone and thereafter expect a jump up to 2860-2862 zone.
Sell if touches 2936-2938 zone. Stop Loss at 2982-2984 zone.
On Negative Side, break below 2670-2672 zone can create panic up to 2624-2626 zone.
Short-Term Investors:
Short-Term trend is Bearish and target at around 2312 level on down side.
On Positive Side, rallies up to 2936 level can be used to exit. Maintain a Stop Loss at 3144 level for your short positions too.
BSE SENSEX
Technically downtrend should continue.
Short-Term Investors:
Bearish Trend. 3 closes below 10470 level, it can tumble up to 7579 level by non-stop.
Technically downtrend should continue.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,473.97. Down by 125.21 points.
The Broader S&P 500 closed at 870.26. Down by 20.09 points.
The Nasdaq Composite Index closed at 1,538.79. Down by 32.80 points.
The partially convertible rupee <INR=IN> closed at 48.84/85 per dollar on yesterday, weaker than
its Friday's close of 48.27/29.
Trading Calls 13th Jan 2009
-ve sectors & scripts :
Reality, IT & BankUSE STRICT Stop Loss for todays trading
SHORT BHEL-1344 for 1305 with sl 1355
SHORT ONGC-653 for 620 with sl 661
SHORT Nationalum-180 for 170 with sl 184
BUY HUL-263 above 265 for 274 with sl 261
BUY HCLTech-108 above 110 for 118 with sl 107
-ve to Market : 1. US Market 2. Asian Market 3. SGX nifty 4. ADR's fall
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'Govt may give financial support to Satyam' | |||
NEW DELHI: Troubled Satyam Computer Services, facing a liquidity challenge, may get financial support from the government, which is willing to Since it was a question of saving jobs and an international Indian brand, the government would consider all the proposals from the newly-constituted board, Nath said. When asked whether the government could extend even financial help to Satyam, Nath said, "Of course. There are many jobs at stake and institutional stakes." Addressing a press conference after the first meeting of the government-appointed board in Hyderabad, Deepak Parekh said the liquidity issue would need immediate attention. Nath said it was up to the board to come up with proposals. | |||
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Arvind Parekh
+ 91 98432 32381
