Friday, October 22, 2010

Market Outlook 22nd Oct 2010

Strong & Weak Stocks
This is list of 10 strong stocks: 
Orchid Chem, ABG Ship, Canara Bank, Federal Bank, Biocon, Vijaya Bank, Petronet, Bhushan Steel, PTC & Ibrealest. 
And this is list of 10 Weak Stocks: 
GMR Infra, IVRCL Infra, Finan Tech, Praj Ind, TV-18, GVKPIL, Apollo Tyre, Ispat Ind, BRFL & Welcorp.
The daily trend of nifty is in Downtrend 

  • Supp / Resis SPOT/ CASH LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 6148.376195.23 6276.97
Support 6019.775938.03 5891.17
Sensex Resistance 20407.08 20553.58 20814.06
Support 20000.10 19739.62 19593.12

 Tip for the day
 
 

AJMERA REALTY (BUY)

  • RSI is at 58 level, indicating more buying.
  • Stochastic is moving in neutral territory showing positive crossover also indicating upside.
  • MACD is likely to cross its signal line from below.
CMP Buy/SellTarget Price Stop Loss Support/ Resistance

268.60

BUY

271/275/279

 263

240/280

BANK OF INDIA (BUY)

  • Stock making ascending triangle pattern which is sign of bull trend.
  • The stock has rebounded after undergoing a deep correction and has breached its resistance at 540 levels with good volumes indicating that it will move upwards from here.
  • Stock next resistance level seems at 570 if its break then stock could rise up to 590
CMPBuy/Sell Target PriceStop Loss Support/ Resistance

550.70

SELL

555/565/575

 542

510/567

KPIT CUMMINS(BUY)

  • RSI is trading in neutral territory at 51 on the brink of entering into positive territory.
  • Stochastic is moving in oversold territory and also on brink of entering into positive zone
  • MACD showing positive divergence
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

165.20

BUY

167/170/173

 161

159/170

AEGIES LOGISTICS (SELL)

  • RSI is at neutral territory at 36 levels and showing negative crossover moving towards oversold territory.
  • Stochastic is moving in oversold territory showing negative crossover also indicating downside.
  • MACD showing negative divergence
CMPBuy/Sell Target PriceStop Loss Support/ Resistance

330.90

SELL

327/322/315

 338

300/387

 

SELL JINDALSTEEL BELOW 705 T 695 685 675 SL 715 & SELL HINDALCO BELOW 210 T 205 200 195 SL 213 & SELL SAIL BELOW 218 T 214 210 206 202 SL 221 & SELL JINDALSAW BELOW 218 T 215 212 209 206 SL 220 & SELL TISCO BELOW 622 T 616 610 604 598 SL 628 & SELL JSWSTEEL BELOW 1275 T 1265 1255 1245 SL 1285 & SELL BHUSANSTEEL BELOW 518 T 510 502 494 SL 522 & SELL BIOCON BELOW 446 T 440 434 428 SL 449 & SELL BHEL BELOW 2548 T 2536 2524 2512 SL 2558 & SELL BOBBANK BELOW 984 T 976 968 960 SL 988 & SELL BOIBANK BELOW 542 T 536 530 524 SL 545 & SELL AXISBANK BELOW 1480 T 1470 1460 1450 SL 1490 & SELL ABAN BELOW 818 T 810 802 794 SL 822 & SBIBANK BELOW 3150 T 3125 3100 3075 & SELL KOTAKBANK BELOW 495 T 490 485 480 SL 498 & SELL HPCL BELOW 510 T 500 490 480 SL 515 & SELL ICICIBANK BELOW 1115 T 1105 1095 1085 SL 1125 & SELL TELCO BELOW 1160 T 1145 1130 1115 SL 1170 & SELL TCS BELOW 978 T 970 962 954 SL 982 & SELL DLF BELOW 368 T 364 360 356 SL 370 & SELL HDIL BELOW 272 T 268 264 260 SL 274 & SELL IBREAL BELOW 208 T 204 200 196 SL 210 & SELL RELCAP BELOW 820 T 810 800 790 SL 825 & SELL HDFCBANK BELOW 2340 T 2330 2310 2300 SL 2350 & SELL HDFC BELOW 695 T 685 675 665 SL 700 && { NOTE ; ALL LEVEL CLOSING BASE }
BUY MNM SL 698 T 730 & BUY JINDALSWL SL 2078 T 2310 & BUY GMDC SL 145 T 166 & BUY INDIANBANK SL 290 T 320 & BUY INDIANBANK SL 132 T 146 & BUY SYANDNBANK SL 132 T 146 & BUY COLGATE SL 843 T 893 & BUY IOC SL 408 T 426 & BUY GSPL SL 120 T 134 & BUY PETRONET SL 123 T 134 & BUY BHUSANSTEL SL 518 T 547 & BUY AMBUJACEM SL 135 T 153 & BUY PTC SL 131 T 163 & BUY HINDALUM SL 48 T 115 & SELL SBI SL 3210 T 3177 3161 & SELL ACC SL 997 T 973 965 & BUY IDBIBANK SL 161 T 177 181 & BUY DLF SL 363 T 383 393 & BUY UNIONBANK SL 390 T 420 & BUY PATNAI SL 453 T 485 & BUY GAIL SL 490 T 520 & BUY TCS SL 969 T 1003 & BUY INFOSYS SL 3007 T 3057 & BUY BHUSANSTEL ABV 530 T 545 SL 526 & BUY HINDZINC ABV 1238 T 1255 SL 1232 & BUY IFCI ABV 74 T 77 SL 72 &BUY ABNOVO BELOW 846 T 834 SL 849 & BUY CANBANK SL 684 T 775 & BUY CANTRALBANK SL 217 T 246 & BUY GODRAJIND SL 381 T 431 & BUY HDFC SL 685 T 775 & BUY IBULL SL 203 T 230 & BUY LUPIN SL 429 T 486 & BUY MADRASCEM SL 110 T 124 & BUY MUNDRAPORT SL 169 T 191 & BUY OBCBANK SL 100 T 113 & BUY TULIP SL 180 T 205 & BUY UNIPHOS SL 199 T 225 
 

    US markets
 
 Fueled healthy corporate earnings reports and better than expected economic data, US markets closed marginally higher. The markets started the day on positive note, after a series of strong quarterly earnings reports from global shipping firm United Parcel Service, telecom operator AT&T, fast food giant McDonald's, farm & construction machinery manufacturer Caterpillar and insurance firm Travelers. Markets also cheered report from Conference Board which showed that its index of leading economic indicators saw a 0.3% increase in September, in-line with expectations. Some positive bias also came after US first-time unemployment benefits declined 23,000 to 4,52,000 for the week ended October. However, markets pared some of the gains on concerns of more scrutiny over banks' mortgage transactions. A stronger US dollar and weak commodity prices also weighed on investors sentiments.  
 
    European markets
 
 European markets closed firm as a flurry of strong earnings reports from US & European companies and better-than-expected growth numbers from Germany helped markets overshadowing struggling British economy. Market sentiments were lifted after data showed that German private sector growth accelerated during October as both manufacturing and services sector expanded at a stronger pace. The Flash Germany Composite Output Index increased to a reading of 56 from 54.7 in September. Further, a slew of strong corporate earnings from the likes of Nokia to UPS helped markets higher. Meanwhile, markets overlooked reports that showed decelerating Euro zone private sector growth and an unexpected fall in UK's retail sales.  
 
    Indian markets (Prev Day)
 
 The domestic bourses ended on a robust note after trading rangebound during the first half of the session. The benchmark indices kicked off the day on a positive note tracking strong global cues. The Asian markets traded on a mixed note amid slow down in China's economy during the year. On the flipside, the US market closed on a strong note overnight amid some better-than-expected corporate results, boosting the morning. The domestic benchmark indices were seen trading rangeboung till mid-session. But during the second half the bourses gained substantial momentum and journeyed northwards, making fresh intraday highs. Finally, the benchmark Nifty managed to close above the 6,100 mark. In the sectorial front, the FMCG space was in limelight, gaining the most by 3.19% on the back of significant buying interest. Besides, the Banking, Oil&Gas and Metal sectors also gave good support surging by more than 2% each. Both the Nifty and Sensex managed to close near their respective session highs. The NSE Nifty closed above the 6,100 mark, while the BSE Sensex ended above the 20,250 level.  
 



IndexLatest1 D Chg(%)YTD(%)
NSE Index (21 Oct 2010) 6101.50 2.00 17.31
Sensex (21 Oct 2010) 20260.58 1.95 16.01
Dow Jones Ind. .. (21 Oct 2010) 11146.57 0.35 6.89
Nasdaq Composit.. (21 Oct 2010) 2459.67 0.09 8.40
Hang Seng (21 Oct 2010) 23649.48 0.39 8.12
Straits Times (21 Oct 2010) 3163.53 -0.49 9.18
FTSE 100 (21 Oct 2010) 5757.86 0.50 6.37
CAC 40 (21 Oct 2010) 3878.27 1.31 -1.47
SectorsClose1D Chg(%)
BSE IT 6060.67 0.88
BSEPSU 10421.85 1.49
OILGAS 10973.48 1.99
Advance Decline RatioValue(in Cr.)Exchange
29.00 869.25 SENSEX
24.00 6706.58 NIFTY
   SENSEX    NIFTY
Top GainersClose1D Gain(%)YTD(%)
Hindalco Industries Ltd. 213.15 5.05 32.60
Bharti Airtel Ltd. 337.45 5.03 2.63
Hindustan Unilever Ltd. 305.35 3.95 15.34
Top GainersClose1D Gain(%)YTD(%)
Hindalco Industries Ltd. 213.35 5.02 32.64
Bharti Airtel Ltd. 337.10 4.93 2.23
Hindustan Unilever Ltd. 306.45 4.45 15.73
Top LosersClose1D Loss(%)YTD(%)
NTPC Ltd. 205.65 -0.12 -12.75
Top LosersClose1D Loss(%)YTD(%)
HCL Technologies Ltd. 423.60 -0.59 14.09
Cairn India Ltd. 337.30 -0.07 19.55
Top

Most Active Stocks by value (in Cr)

BSEClose%ChgValue(in Cr.)Volume
RIL 1048.70 2.91 164.86 1534133
SBI 3094.45 3.29 116.77 369124
Tata Steel 615.55 2.07 69.29 1107172
HDFC 700.50 0.51 65.15 927842
ICICI Bank 1112.70 1.49 55.56 495953
 
NSEClose%ChgValue(in Cr.)Volume
RIL 1049.45 3.07 916.52 8520014
ICICI Bank 1113.90 1.41 425.98 3805812
HDFC 697.90 0.98 420.19 5981874
SBI 3094.35 3.26 409.65 1295206
InfosysTechn 3018.60 0.53 347.44 1153990
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 28 Oct 2010 ) 6100.00 1478585.13 82.10 -57.98
NIFTY ( 28 Oct 2010 ) 6200.00 1201672.10 35.90 -57.94
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 28 Oct 2010 ) 6000.00 1263697.21 20.40 242.65
NIFTY ( 28 Oct 2010 ) 6100.00 1183747.13 45.15 171.65
   Most Active Future by Contracts Value (in Cr)
RELIANCE ( 28 Oct 2010 ) - 145806.74 1086.20 -2.82
SBIN ( 28 Oct 2010 ) - 93629.82 3217.30 -3.18
    Commodities
 
 Crude oil prices tumbled to settle below USD 82. Prices inched lower after a sell off sparked by the dollar's recovery from an earlier dip, as doubts re-emerged about the extent of potential U.S. monetary easing. Gold prices also dipped and settled below USD 1,330 after US jobs data lifted the dollar and further eroded investor demand for bullion.  
 
    International News
 
 
  • Nokia reported stronger-than-expected profits for the third quarter, boosted by strong demand for its cheap smartphones, and has said that it would cut up to 1,800 jobs.
  • UK's retail sales unexpectedly dropped 0.2% in September following a 0.7% decline in the prior month. On year-on-year basis, retail sales grew 0.5%, weaker than the expected 0.9% increase.
  • The Federal Reserve Bank of Philadelphia said that its manufacturing activity index came at 0.1 in October compared to negative 0.7 in September.
 
 
    Domestic News
 
 
  • Vodafone Essar said it will spend around USD 500 million on its networks to roll out the third-generation (3G) services, which the country's second largest GSM operator hopes to do so commercially by the first quarter of next year.
  • The French Government plans to offer zero per cent loans to Indian companies willing to invest in the country and also offer job opportunities there to attract more investments.
  • The deputy chairman of the Planning Commission has said that the surging capital inflows into India will not destabilise Asia's third-largest economy as they will be absorbed by a large current account deficit.
 
 

Global Cues: Stocks rose a second day as earnings at EBay Inc., Freeport-McMoRan Copper & Gold Inc. and McDonald's Corp. beat analyst estimates, offsetting losses in bank shares. Gold slid as the dollar gained, while Treasuries dropped.

 

CurrencyExchange-Rate1D Chg(%)1M Chg(%)
USD 44.36 0.16 % -1.32 %
EUR 61.95 1.47 % 1.27 %
GBP 70.18 0.73 % -0.69 %
FIIs ActivityRs. Cr.MTDYTD
Equity in flows 3103.10 70898.40 592145.60
Equity Out flows 2292.00 46067.70 482955.20
Net 811.10 24830.70 109190.50

SPOT/ CASH LEVELS FOR INTRADAY TRADING
Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3
ABG Shipyard Ltd. NSE 333.75 337.80 328.40 341.85 323.05 347.20 319.00
Apollo Tyres Ltd. NSE 77.70 78.87 76.97 80.03 76.23 80.77 75.07
Bank of Baroda NSE 994.40 1007.68 975.83 1020.97 957.27 1039.53 943.98
Bank of India NSE 550.70 560.67 534.62 570.63 518.53 586.72 508.57
Bank of Maharashtra NSE 82.40 84.47 78.67 86.53 74.93 90.27 72.87
Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1253.72 1264.97 1232.49 1276.23 1211.27 1297.45 1200.01
Bhushan Steel Ltd. NSE 527.25 535.10 513.20 542.95 499.15 557.00 491.30
Biocon Ltd. NSE 443.75 449.17 438.37 454.58 432.98 459.97 427.57
Canara Bank NSE 703.70 723.43 672.53 743.17 641.37 774.33 621.63
Federal Bank Ltd. NSE 474.65 483.77 460.77 492.88 446.88 506.77 437.77
Financial Technologies (India) Ltd. NSE 1151.15 1155.22 1146.67 1159.28 1142.18 1163.77 1138.12
GMR Infrastructure Ltd. NSE 54.05 54.48 53.53 54.92 53.02 55.43 52.58
GVK Power & Infrastructure Ltd. NSE 43.25 43.65 42.60 44.05 41.95 44.70 41.55
India Cements Ltd. NSE 114.45 115.88 112.13 117.32 109.82 119.63 108.38
India Infoline Ltd. NSE 116.95 118.65 114.05 120.35 111.15 123.25 109.45
Indiabulls Financial Services Ltd. NSE 191.20 196.75 181.80 202.30 172.40 211.70 166.85
Indiabulls Power Ltd. NSE 29.05 30.65 28.15 32.25 27.25 33.15 25.65
Indiabulls Real Estate Ltd. NSE 209.45 212.23 206.43 215.02 203.42 218.03 200.63
Indiabulls Securities Ltd. NSE 28.65 28.88 28.43 29.12 28.22 29.33 27.98
Indian Bank NSE 301.70 309.15 289.90 316.60 278.10 328.40 270.65
Indian Hotels Company Ltd. NSE 100.40 101.08 99.43 101.77 98.47 102.73 97.78
Indian Oil Corporation Ltd. NSE 414.80 418.28 409.38 421.77 403.97 427.18 400.48
Ispat Industries Ltd. NSE 21.15 21.38 20.98 21.62 20.82 21.78 20.58
NSE Index NSE 6101.50 6148.37 6019.77 6195.23 5938.03 6276.97 5891.17
Orchid Chemicals & Pharmaceuticals Ltd. NSE 310.35 314.92 305.67 319.48 300.98 324.17 296.42
Petronet LNG Ltd. NSE 128.35 131.07 124.22 133.78 120.08 137.92 117.37
Praj Industries Ltd. NSE 71.15 71.85 70.55 72.55 69.95 73.15 69.25
PTC India Ltd. NSE 135.05 136.97 132.07 138.88 129.08 141.87 127.17
Vijay Shanthi Builders Ltd. NSE 36.80 38.60 35.10 40.40 33.40 42.10 31.60
Vijaya Bank NSE 105.95 107.37 103.67 108.78 101.38 111.07 99.97
Welspun Corp Ltd. NSE 250.80 253.33 248.63 255.87 246.47 258.03 243.93
Welspun India Ltd. NSE 61.60 62.60 60.60 63.60 59.60 64.60 58.60
   *LTP stands for Last Traded Price as on Thursday, October 21, 2010 4:05:04 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. 


FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 21-Oct-2010.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy ValueSell Value Net Value
FII 21-Oct-20103580.48 2728.68851.8
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 21-Oct-2010.

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy ValueSell Value Net Value
DII 21-Oct-20101539.72 1770.11-230.39
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Arvind Parekh
+ 91 98432 32381