Corporate News Headline
TCS reported Q3'09 results, total revenue rose 24.13% yoy to Rs. 72.77 bn, and net profit increased 2.68% yoy to Rs. 13.62 bn. (BS) Satyam's board has been further expanded by the government as it has appointed Confederation of Indian Industry chief mentor Tarun Das, former Institute of Chartered Accountants of India president TN Manoharan, and LIC´s S Balakrishan. (ET) Punj Lloyd in a 60:40 JV with Public Works Company Tripoli, has bagged a new contract valued at Rs. 13.11 bn for the execution of utilities in Souk Al Juma, Tripoli, Libya. (ET) Economic and Political Headline Inflation declined to 5.24% for the week ended January 03, 2009, primarily due to decline in prices of food articles. (BS) Prices paid to the US producers fell 1.9% in December 2008 capping the first annual decrease in seven years, as demand for raw materials collapsed with the deepening recession. (Bloomberg) The inflation rate in the Euro area fell to 1.6% from 2.1% in November 2008 as energy prices fell and consumers cut spending, giving the European Central Bank scope to lower interest rates to tackle the deepening recession. (Bloomberg)NIFTY & SENSEX SPOT LEVELS TODAY
 | 2736.70 | ( -3.48 %) | -98.60 |  |
| 1 | 2 | 3 | ||
| Resistance | 2812.08 | 2887.47 | 2942.63 | |
| Support | 2681.53 | 2626.37 | 2550.98 | |
 | 9046.74 | ( -3.45 %) | -323.75 | | |
| 1 | 2 | 3 | |||
| Resistance | 9131.47 | 9216.21 | 9308.63 | ||
| Support | 8954.31 | 8861.89 | 8777.15 | ||
GLOBAL CUES AND RUPEE
The Dow Jones Industrial Average closed at 8,212.49. Up by 12.35 points.
The Broader S&P 500 closed at 843.74. Up by 1.12 points.
The Nasdaq Composite Index closed at 1,511.84. Up by 22.20 points.
The partially convertible rupee <INR=IN> closed at 49.03/04 per dollar on yesterday, weaker than Wednesday's close of 48.85/86.
Strong & Weak futures
This is list of 10 strong futures:
Balram Chin, MAruti, M&M, LIC, Nucleus, Dabur, Tata Tea, Infosys Tech, Grasim & Can Bk.
And this is list of 10 Weak Futures:
Roltas, TVS Motor, Strtech, Sasken, BRFL, Siemens, Punj Llyod, Pantaloon, Ansal Infra & DLF.
Nifty is in Down Trend.
NIFTY FUTURES (F & O)
Above 2723 level, expect short covering up to 2750-2752 zone and thereafter expect a jump up to 2777-2779 zone by non-stop.
Support at 2702 level. Below this level, selling may continue up to 2685 level by non-stop.
Below 2656-2658 zone, panic may continue up to 2629-2631 zone.
On Positive Side, rallies up to 2858-2860 zone can be used to sell. Stop Loss at 2884-2886 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
False signal is likely. Technically selling should continue.
Short-Term Investors:
Bearish Trend. 3 closes below 10470 level, it can tumble up to 7579 level by non-stop.
Trading Calls 16th Jan 2009
USE STRICT Stop Loss for todays trading
BUY HeroHonda-832 above 835 for 857 with sl 830
BUY HPCL-273 above 275 for 283 with sl 272
+ve to Market : 1. US Market 2. Asian Market 3. SGX nifty
-ve to Market : 1. Continous selling by FII 2. ADR's fall
