Mareket Outlook 19th Nov 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Bata India, Lupin, Alok Ind, GE Shipping, Uco Bank, Dish TV, Syndicate Bank, Canara Bank, Dr Reddy & IDBI. 

And this is list of 10 Weak stocks: 

Unitech, OnMobile, Orbit Corp, IVRCL Infra, Triveni, Rcom, Jindal SWHL, FSL, Apollo Tyre & Polaris.

The daily trend of nifty is in Down trend 

• Supp / Resis SPOT/CASH LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	6081.08	6163.37	6250.53
		Support	5911.63	5824.47	5742.18
	Sensex	Resistance	20119.55	20308.46	20560.48
		Support	19678.62	19426.60	19237.69

Market Outlook
	On Thursday, market opened higher and had a highly volatile trading session with a big see-saw movement (up-down-up), closed flat up in green. Immediate resistance comes at 6,145 and sustaining above will lead to Nifty test 6,180 level. Immediate bigger support for Nifty now comes at 5,950 and break below 5,950 may likely to test 6,200 level. Indian market is likely to open on a flat to positive note tracking firm cues from the global market which rose on expectations of a resolution of Ireland's banking crisis. Thereafter, Nifty is likely to consolidate between 5,975 – 6,045 level before giving breakout either side. Lack of domestic trigger Nifty is likely to move in tandem with global market.

Tip for the day
	EVERONN (BUY) RSI is at 50 neutral territory on the brink of entering into positive crossover. Stochastic is hovering in oversold showing positive crossover suggesting upside. MACD is likely to show bullish crossover. Today stock has made new candlestick above 34 day EMA which is sign of uptrend. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 698.25 BUY 705/715/725  685 630/750 HINDUSTAN DORR OLIVER (BUY) Stock already crossed 34 Day EWMA and expecting to rise further. RSI is showing a reversal trend after a sharp correction. MACD showing positive divergence. Stochastic is at 38 levels and it has given a buy crossover. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 133.40 BUY 136/139/142 128 120/150 SANWARIA (SELL) RSI is at neutral territory at 71 levels and showing negative crossover moving towards neutral territory. MACD showing negative divergence. Stochastic is trading in neutral territory at 56 showing negative crossover. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 158.90 SELL 157/154/151 163 150/165 SKS MICRO FINANCE (SELL) RSI is in profit booking phase. MACD showing negative divergence. Stochastic is hovering in oversold showing negative crossover suggesting downside. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 639.40 SELL 633/625/615 650 600/660

US markets
	US stocks ended higher helped by easing concerns about the debt crisis in Ireland as well as a strong initial public offering from auto giant General Motors. Upbeat economic data also generated some positive sentiment. The increased likelihood of Ireland accepting a bailout package from the European Union and the International Monetary Fund helped to drive relief buying in the markets. Ireland had been reluctant to accept aid on its sovereign debt earlier in the week, insisting that it is fully funded through the first half of next year and that the terms of any rescue would be unacceptable. General Motors successful IPO was also in the spotlight, with the launch of the stock marking the return of the auto icon to the New York Stock Exchange and the beginning of the end of government intervention in the firm. US economic news also boosted sentiment, as the Philadelphia Federal Reserve's index of regional manufacturing activity jumped to 22.5 in November from 1.0 in October.

European markets
	European shares rose on Thursday on expectations Ireland's troubled banking sector would receive help from the IMF/EU. The pan-European FTSEurofirst 300 index  top shares closed 1.3% higher, adding to Wednesday's gains to turn the index positive for the week, after hefty falls on Tuesday. Carmakers like Peugeot, Renault, Volkswagen and BMW were in demand after General Motors shares surged on their trading debut following its blockbuster initial public offering. In economic news, the euro zone's current account deficit rose sharply in September to a seasonally adjusted EUR 13.1 billion from EUR 6.9 billion in August, according to a release from the European Central Bank.

Indian markets (Prev Day)
	The domestic bourses ended the extreme volatile session on a flat note after the key benchmark indices recouped most of the intraday losses. The domestic market kicked off the session on a positive note but soon the benchmark indices erased most of the early gains and plunged sharply as heavy sell-off was witnessed in Banking and Realty stock. Sensex and Nifty slipped to 19,800 and 5,900 levels respectively. However, thereafter markets made a smart recovery and turned positive as short covering was seen in heavyweights like Reliance, Ranbaxy, DLF and Hero Honda from lower level. Positive Asian and European indices also boosted investor's sentiment. Further, volatility ruled the roost as profit booking dragged shares off highs in early afternoon trade. In last hour of trade, markets were trading range bound with positive bias. Metal, Auto and Capital Goods stocks were on buyers radar. At the end, Sensex closed at 19,930.64 up by 65.50 points. It touched an intraday high of 20,056.44 and low of 19,615.51. Nifty ended at 5,998.80 up by 10.10 points. It made a high/low of 6,076.20 and 5,906.75 respectively.

Index Latest 1 D Chg(%) YTD(%) NSE Index (18 Nov 2010) 5998.80 0.17 15.34 Sensex (18 Nov 2010) 19930.64 0.33 14.12 Dow Jones Ind. .. (18 Nov 2010) 11181.23 1.57 7.22 Nasdaq Composit.. (18 Nov 2010) 2514.40 1.55 10.81 Hang Seng (18 Nov 2010) 23637.39 1.82 8.07 Straits Times (18 Nov 2010) 3215.22 0.10 10.96 FTSE 100 (18 Nov 2010) 5768.71 1.34 6.57 CAC 40 (18 Nov 2010) 3867.97 1.99 -1.74	Sectors Close 1D Chg(%) BSE IT 6008.04 0.29 BSEPSU 9828.76 -0.37 OILGAS 10499.03 -0.11
	Advance Decline Ratio Value(in Cr.) Exchange 1.73 1257.66 SENSEX 1.38 9720.83 NIFTY

SENSEX	NIFTY
Top Gainers Close 1D Gain(%) YTD(%) Hero Honda Motors Ltd. 1912.85 5.46 11.44 Hindalco Industries Ltd. 222.35 4.86 38.32 Cipla Ltd. 353.80 4.38 5.42	Top Gainers Close 1D Gain(%) YTD(%) Hero Honda Motors Ltd. 1913.35 5.27 11.39 Hindalco Industries Ltd. 222.20 4.86 38.14 Cipla Ltd. 353.95 4.33 5.64
Top Losers Close 1D Loss(%) YTD(%) Reliance Communications Ltd. 153.90 -4.88 -10.99 ICICI Bank Ltd. 1164.65 -3.14 33.00 Jindal Steel & Power Ltd. 660.40 -1.73 -6.19	Top Losers Close 1D Loss(%) YTD(%) Reliance Communications Ltd. 154.15 -4.58 -10.56 Reliance Capital Ltd. 718.25 -4.14 -16.25 ICICI Bank Ltd. 1164.40 -3.15 32.77

Top

Most Active Stocks by value (in Cr) BSE Close %Chg Value(in Cr.) Volume SBI 3081.55 -0.55 316.45 1037243 Tata Steel 605.35 2.98 145.56 2367610 RIL 1030.35 0.21 94.98 920443 Tata Motors 1206.55 2.02 89.66 737352 ICICI Bank 1202.35 -3.14 85.17 731558   NSE Close %Chg Value(in Cr.) Volume SBI 3080.60 -0.50 1325.67 4344044 ICICI Bank 1202.30 -3.15 827.89 7111339 Axis Bank 1469.15 -2.94 727.90 5100637 Tata Motors 1205.55 2.09 613.71 5057615 RIL 1030.50 0.24 537.60 5206393   Strike Price Value Price %Chg    Most Active Calls by Contract Value (in Cr)    Most Active Puts by Contract Value (in Cr)    Most Active Future by Contracts Value (in Cr)

Commodities     Crude oil prices ended higher near USD 82. The prices edged upwards as worries over Ireland's debt crisis eased, pushing the dollar lower and therefore boosting appetites for risk in stocks and other commodities. Gold prices also recovered to settle at USD 1,353 on the back of boost in Euro which lured the investors towards commodities.         International News     Canadian wholesales sales were slightly stronger than expected in September, helped by increased demand for motor vehicles and machinery. Statistics Canada said wholesale sales rose 0.4% to Canadian USD 44.8 billion in September, following a 1.3% advance in August. (RTT News) General Motors confirmed China's leading automaker SAIC Motor Corp had agreed to buy a stake in the US auto giant, as it prepared for one of the largest stock offerings in history. AIC's wholly owned unit SAIC Motor HK Investment Ltd had acquired 15.2 million ordinary shares for USD 500 million, accounting for about 0.97% of GM's total equity.  (Economic Times) Canada's composite index of leading economic indicators rebounded in October as strength in the stock market offset lingering weakness in the housing market. The composite index rose 0.2% in October after a revised 0.2% dip in September. (Action Forex)         Domestic News     Auto component maker Anand Group has said that it will invest Rs 1,400 crore over the next four years to expand its existing businesses with an aim to more than double its turnover to cross Rs 9,000 crore by 2014. Accordingly, the group will also strengthen its workforce by about 60 per cent to up to 13,000 people in the next four years from 8,000 at present. (Business Standard) Textiles and apparel firm S Kumars Nationwide Ltd (SKNL), which boasts of high profile customers like US President Barack Obama, has said it will be taking its Reid & Taylor apparel range to the American market next year.(Business Standard) On the heels of government auditor CAG's castigating report on 2G air wave allocaton, telecom regulator Trai has asked government to cancel nearly 70 licences of five new players including Etisalat, Videocon and Uninor. (Economic Times)

Currency Exchange-Rate 1D Chg(%) 1M Chg(%) EUR 61.80 1.02 % -0.02 % GBP 72.40 1.07 % 2.07 % USD 45.45 0.94 % 2.04 %

FIIs Activity Rs. Cr. MTD YTD Equity in flows 3189.70 52929.10 667121.10 Equity Out flows 3206.50 35833.90 537103.10 Net -16.80 17095.20 130018.10

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 18-Nov-2010 4062.11 4514.82 -452.71 DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Nov-2010 1664.85 1546.42 118.43