Banking Index Benchmark Exchange Traded Scheme (Bank BeES)
NSE
1244.64
1255.04
1227.19
1265.45
1209.75
1282.89
1199.34
BGR Energy Systems Ltd.
NSE
733.50
745.97
720.07
758.43
706.63
771.87
694.17
Bharat Electronics Ltd.
NSE
1777.10
1796.40
1741.40
1815.70
1705.70
1851.40
1686.40
Bharat Forge Ltd.
NSE
367.95
377.92
360.07
387.88
352.18
395.77
342.22
Bharat Heavy Electricals Ltd.
NSE
2520.20
2541.13
2493.13
2562.07
2466.07
2589.13
2445.13
Bharat Petroleum Corporation Ltd.
NSE
699.20
707.08
693.28
714.97
687.37
720.88
679.48
Bharati Shipyard Ltd.
NSE
231.80
238.38
226.38
244.97
220.97
250.38
214.38
Bharti Airtel Ltd.
NSE
327.25
333.67
322.17
340.08
317.08
345.17
310.67
Bhushan Steel Ltd.
NSE
515.60
526.17
497.52
536.73
479.43
554.82
468.87
Chambal Fertilisers & Chemicals Ltd.
NSE
85.95
91.23
82.93
96.52
79.92
99.53
74.63
Dabur India Ltd.
NSE
101.05
102.73
100.03
104.42
99.02
105.43
97.33
Federal Bank Ltd.
NSE
437.80
443.83
427.88
449.87
417.97
459.78
411.93
Financial Technologies (India) Ltd.
NSE
1173.95
1187.97
1152.97
1201.98
1131.98
1222.97
1117.97
GMR Infrastructure Ltd.
NSE
54.95
57.23
53.43
59.52
51.92
61.03
49.63
GVK Power & Infrastructure Ltd.
NSE
42.55
43.62
41.87
44.68
41.18
45.37
40.12
India Cements Ltd.
NSE
115.15
118.77
111.57
122.38
107.98
125.97
104.37
India Foils Ltd.
NSE
6.20
6.43
5.93
6.67
5.67
6.93
5.43
India Glycols Ltd.
NSE
177.50
186.63
168.68
195.77
159.87
204.58
150.73
India Infoline Ltd.
NSE
115.60
117.17
113.12
118.73
110.63
121.22
109.07
Indiabulls Financial Services Ltd.
NSE
185.25
192.80
176.85
200.35
168.45
208.75
160.90
Indiabulls Power Ltd.
NSE
27.85
28.12
27.57
28.38
27.28
28.67
27.02
Indiabulls Real Estate Ltd.
NSE
206.10
211.93
195.13
217.77
184.17
228.73
178.33
Indiabulls Securities Ltd.
NSE
28.70
29.27
28.12
29.83
27.53
30.42
26.97
Indian Bank
NSE
299.80
306.48
288.63
313.17
277.47
324.33
270.78
Indian Hotels Company Ltd.
NSE
100.30
101.53
99.03
102.77
97.77
104.03
96.53
Indian Oil Corporation Ltd.
NSE
406.00
410.63
402.68
415.27
399.37
418.58
394.73
Indian Overseas Bank
NSE
159.40
162.32
154.77
165.23
150.13
169.87
147.22
IVRCL Assets & Holdings Ltd.
NSE
115.70
117.30
114.55
118.90
113.40
120.05
111.80
IVRCL Infrastructure & Projects Ltd.
NSE
152.25
155.02
150.27
157.78
148.28
159.77
145.52
NSE Index
NSE
6075.95
6132.33
6002.33
6188.72
5928.72
6262.33
5872.33
Orchid Chemicals & Pharmaceuticals Ltd.
NSE
302.25
316.03
293.43
329.82
284.62
338.63
270.83
Petronet LNG Ltd.
NSE
124.65
129.33
116.03
134.02
107.42
142.63
102.73
Praj Industries Ltd.
NSE
71.25
72.15
70.25
73.05
69.25
74.05
68.35
Reliance Capital Ltd.
NSE
839.50
849.57
824.87
859.63
810.23
874.27
800.17
Reliance Communications Ltd.
NSE
175.90
177.75
173.20
179.60
170.50
182.30
168.65
Reliance Industrial InfraStructure Ltd.
NSE
874.35
888.07
862.57
901.78
850.78
913.57
837.07
Reliance Industries Ltd.
NSE
1047.45
1063.85
1032.15
1080.25
1016.85
1095.55
1000.45
Reliance Infrastructure Ltd.
NSE
1074.35
1111.57
1043.57
1148.78
1012.78
1179.57
975.57
Reliance Natural Resources Ltd.
NSE
39.95
40.42
39.37
40.88
38.78
41.47
38.32
Reliance Power Ltd.
NSE
161.55
163.47
159.17
165.38
156.78
167.77
154.87
Religare Enterprises Ltd.
NSE
464.15
471.88
458.33
479.62
452.52
485.43
444.78
Television Eighteen India Ltd.
NSE
84.80
86.23
83.63
87.67
82.47
88.83
81.03
Vijaya Bank
NSE
103.60
107.00
99.85
110.40
96.10
114.15
92.70
*LTP stands for Last Traded Price as on Monday, October 18, 2010 4:04:24 PM
#1R1 stands for Resistance level 1 @1S1 stands for Support level 1
#2R2 stands for Resistance level 2 @2S2 stands for Support level 2
#3R3 stands for Resistance level 3 @3S3 stands for Support level 3
The levels given above are with respect to previous closing price on the NSE / BSE.
Tip for the day
PETRONET (BUY)
RSI is moving in over bought territory at 69 showing positive crossover.
Stochastic is moving in overbought territory showing positive crossover also indicating upside.
Stock already crossed 34 Day EWMA and expecting to rise further.
MACD showing positive divergence.
CMP
Buy/Sell
Target Price
Stop Loss
Support/ Resistance
124.65
BUY
126/128/131
121
118/135
BINANI INDUSTRIES (SELL)
RSI is at 84 level overbought territory an on brink of entering into negative crossover.
Stochastic is hovering in overbought showing negative crossover suggesting downside.
Stock next support level seems at 204 if its break then stock could fall up to 190.
Wide correction is expected.
The stock has been rising steeply over the past few sessions and the correction in it is long overdue.
CMP
Buy/Sell
Target Price
Stop Loss
Support/ Resistance
224.5
SELL
222/219/215
228
220/235
US markets
US stocks closed higher following better-than-expected quarterly results from banking giant Citigroup while investors also optimistically awaiting earnings from tech giants Apple and IBM which report after the market closes. Citigroup reported a USD 2.2 billion third-quarter profit, its third quarterly profit in a row as it freed a substantial chunk of cash reserved to cover loan losses in the wake of the financial crisis. Halliburton Company reported third-quarter revenues of USD 4.67 billion which was above expectations. Hasbro's third-quarter net earnings of USD1.09 per share also topped projections. On the economic front, industrial production showed a drop-off of 0.2% in September compared to the 0.2% uptick recorded in August and capacity utilization inched down to 74.7% in September from 74.8% in August. Meanwhile, home builder confidence index moved up to 16 in October after last month's reading of 13.
European markets
European markets ended in positive with banks helping to lead gains after upbeat quarterly earnings from US financial giant Citigroup. Energy stocks also advanced tracking a recovery in oil prices, while mining stocks lagged. On economic front, Italy's current account deficit widened to EUR 5 billion in August from EUR 4.2 billion in the corresponding month in the previous year. In Finland, producer price index for manufactured products rose 7.2% year-on-year in September, faster than a 5.4% growth in the previous month.
Indian markets (Prev Day)
The domestic bourses witnessed a dramatic session, as late hour buying pulled the benchmark indices into the positive terrain after trading subdued for the majority of the day. The market opened on a flat note after the first pre-opening session as the benchmarks continued their consolidation with a negative bias for third consecutive day, taking cues from the Asian indices. Friday's mixed closing for the US market influenced the global scenario. The sentiment was soon dampened and the market went deep into the negative terrain. The benchmark indices were further hammered before the Nifty took support near the 5,980 mark. As the day progressed, the market continued to trade rangebound on the lower side until the final hours, when a sharp rebound was witnessed the indices shooted above the baseline, paring all the losses. In the sectorial front, the IT sector remained in limelight as substantial buying interest returned after profit booking took place, post Tech major Infosys announced its Q2 numbers last week. The index closed with a gain of more than 1%. Further, Oil&Gas and Realty sector also supported the second half rally gaining by more than 0.50% each. Both the Nifty and Sensex managed to close above the neutral line. The NSE Nifty closed above the 6,070 mark, while the BSE Sensex ended near the 20,150 level.
Crude oil prices headed for the biggest percentage gain in two weeks and ended above USD 83. The prices rose after a strike in France tightened fuel supplies and the dollar pulled back from early gains. Gold prices were nearly flat and settled around USD 1,372 as the US dollar remained mixed.
International News
Europe's biggest initial public offering (IPO) since 2007 has kicked off with Italy's Enel floating shares in its renewable energy subsidiary Enel Green Power.
British oil company BP has agreed to sell its energy assets in Venezuela and Vietnam to its Russian joint venture for USD 1.8 billion
Data from Statistics New Zealand released has shown the annual inflation rate is the lowest it has been since March 2004 - at 1.5%. The consumer price index (CPI) rose 1.1% in the September quarter, led largely by a 2.4% increase in food prices.
Domestic News
The Biocon and Pfizer have entered into a global commercialisation agreement for creating an alliance to deliver insulin treatments worldwide. Pfizer will make an upfront payment of USD 200 million in a licensing deal for Biocon's biosimilar insulin portfolio for diabetes treatment.
The Supreme Court has questioned the central government and extended its earlier interim order permitting Sterlite Industries' copper smelter plant at Tuticorn in Tamil Nadu to continue its operations.
State Bank of Bikaner & Jaipur (SSBJ), the largest associate bank of SBI has unveiled its plans to raise Rs 800 crore from rights issue.
Currency
Exchange-Rate
1D Chg(%)
1M Chg(%)
USD
44.26
0.52 %
-1.55 %
EUR
61.45
-0.81 %
0.46 %
GBP
70.40
-0.21 %
-0.39 %
FIIs Activity
Rs. Cr.
MTD
YTD
Equity in flows
2922.00
60299.90
581547.10
Equity Out flows
2268.00
37437.00
474324.50
Net
654.00
22862.90
107222.70
International News
Europe's biggest initial public offering (IPO) since 2007 has kicked off with Italy's Enel floating shares in its renewable energy subsidiary Enel Green Power.
British oil company BP has agreed to sell its energy assets in Venezuela and Vietnam to its Russian joint venture for USD 1.8 billion
Data from Statistics New Zealand released has shown the annual inflation rate is the lowest it has been since March 2004 - at 1.5%. The consumer price index (CPI) rose 1.1% in the September quarter, led largely by a 2.4% increase in food prices.
Domestic News
The Biocon and Pfizer have entered into a global commercialisation agreement for creating an alliance to deliver insulin treatments worldwide. Pfizer will make an upfront payment of USD 200 million in a licensing deal for Biocon's biosimilar insulin portfolio for diabetes treatment.
The Supreme Court has questioned the central government and extended its earlier interim order permitting Sterlite Industries' copper smelter plant at Tuticorn in Tamil Nadu to continue its operations.
State Bank of Bikaner & Jaipur (SSBJ), the largest associate bank of SBI has unveiled its plans to raise Rs 800 crore from rights issue.
Global Cues:
Treasuries rebounded from the biggest weekly loss this year and U.S. equities rallied as a drop in industrial production bolstered speculation that the Federal Reserve will buy more securities. Financial shares led stocks higher as Citigroup Inc.'s earnings topped estimates.
Nifty is currently trading in range of 180 points in between 6,060-6,240, exhibiting rectangular pattern, trading with support at 6,060 and resistance at 6,240. In spite of Friday (October 15, 2010) sharp fall Nifty managed to close just above lower support line of rectangular pattern, closed at 6,062.65. If Nifty manages to trade above it then we could see upside in forthcoming session otherwise not ruling out the possibility of major correction.
Derivative Outlook
Nifty ended the week on a negative note at 6,062.65 mark, lost 0.67%. The Nifty October futures ended at 6,092 with premium of 29.35 points. If we look at the derivatives data we can see that Nifty future prices ended in the negative territory along with rise in open interest (1.02% w-o-w), with incline in cost of carry this is an indication of built of fresh short position. For the coming week Nifty may continue to face resistance at higher levels of 6,120-6,140 whereas on the downside mild support seems at 6,020. If this level breaches decisively then Nifty could test its strong support of 5,920 level.
Sector Outlook
This week, buying is expected in FMCG, Pharmaceuticals and Cement sectors from lower supports of 6,000 levels while profit booking could be seen in Banking, Metals, Realty and Telecommunication stocks if the Nifty fails to sustain above 6,060 levels.
Derivative Strategies for the week:
Long Nifty October 6000 Put Option and Simultaneously Short 5900 Put Option
CMP:
6,062.65
View:
Negative
Strategy:
Bear Spread
Market Lot:
50
Long RELIANCE October 1020 Put Option and Simultaneously Short 1000 Put Option
CMP:
1,040.35
View:
Negative
Strategy:
Bear Spread
Market Lot:
250
Buy / Sell (Oct 18, 2010)
Buy
Sell
Net
FII
3765.87
3430.08
+335.79
DII
1250.96
2469.38
-1218.42
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report
