Friday, November 12, 2010

Market Outlook 12th Nov 2010

  • Supp / Resis spot/ cash levels for intraday
Indices Supp/Resis1 23
Nifty Resistance 6267.376340.48 6384.42
Support 6150.326106.38 6033.27
Sensex Resistance 20836.24 21083.39 21229.40
Support 20443.08 20297.07 20049.92

Strong & Weak stocks
This is list of 10 stronga: 
Alok Ind, ABG Shipping, RPower, Titan, Nagar Fert, Renuka, Chambal Fert, ICSA, Canara Bank & Dena Bank. 
And this is list of 10 Weak stocks: 
Hind Petro, BRFL, On Mobile, Apollo Tyre, IVRCL Infra, Mcdowell-N, Mphasis, Pir Health, Jindal SWHL & Bharti Artl.
The daily trend of nifty is in Uptrend 

Scripts to be watch today : AxisBank, Bhartiatl, Biocon, Cairn, HCLTech, HeroHonda, ICICIBank, JindalSAW, Maruti, ONGC, Rcom, RelCap, Reliance, Sail, TataPower, Tisco, Wipro

Market Outlook
 
 Weakness in global equity markets likely to put pressure on Indian bourses and we may see a negative opening on Indian markets. 6,150 should act as immediate support for the Nifty and a break below this may could further take it to 6,115 level. On derivative front, 6,000 put continued to see maximum open interest and should act as major support for the market in near term. On the upside, Nifty is likely to face stiff resistance at 6,230 level and sustaining above it may take Nifty to 6,250 level. The 6,300 call option with second highest open interest may act as major hurdle in near term. During the day, IT counters are expected to see some decline.

 Tip for the day
 
 

HITACHI HOME (BUY)

  • RSI is at 41 level, indicating more buying.
  • Stochastic is moving in neutral territory showing positive crossover also indicating upside.
  • Stock already crossed 34 Day EWMA and expecting to rise further.
  • MACD is likely to cross its signal line from below.
CMPBuy/Sell Target PriceStop Loss Support/ Resistance

267.75

BUY

271/275/280

 260

250/290

DELTA CORP (BUY)

  • Stock already crossed 34 Day EWMA and expecting to rise further.
  • MACD showing positive divergence.
  • Today stock has also broken its 52 week high again supported with volume indicating further upside.
  • RSI is close to the oversold zone at the level of 89 and indicating uptrend.
CMPBuy/Sell Target PriceStop Loss Support/ Resistance

132.35

BUY

134/137/140

128

125/140

BINANI INDUSTRY (SELL)

  • Stock is moving between 08 day and 34 day EWMA indicating short-term downtrend.
  • MACD showing negative divergence.
  • Wide correction is expected.
  • Stock making descending triangle pattern which is sign of downtrend.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

223.30

SELL

221/217/212

230

200/230

 

 
 
    US markets
 
 US markets closed in red pulled by technology shares after disappointing outlook from Cisco System. Markets started the day sharply lower as investors looked at Cisco's disappointing sales forecast for the second straight quarter. Cisco expects its full year net sales to increase by about 9% to 12% compared to market expectations for a 12.9% increase. Sentiments were also shattered on concerns that divisions regarding currency valuations could prevent the leaders of G 20 nations from reaching a broad agreement on global economic cooperation. Retailers also fell as Wal-Mart plans to offer free shipping on nearly 60,000 holiday items, from electronics to toys that are purchased online through December 20, 2010.  
 
    European markets
 
 European markets started the day on positive note as energy shares rose after crude prices hit 25-month highs, helped by strong Chinese economic data, and as world leaders gathered for the G20 summit. Further, markets gained as BT Group posted upbeat quarterly earnings and Siemens AG raised its dividend. BT reported a 3% rise in adjusted earnings before interest, taxes, depreciation and amortization to GBP 1.45 billion. Siemens AG raised its dividend for the latest fiscal year by 70% and outlined a new dividend policy, saying it plans to distribute 30% to 50% of net profit to shareholders. However, markets could not sustain at higher levels and slipped on renewed concerns over euro-zone government debt that pushed the yield spreads of 'peripheral' bonds against the German benchmark sharply wider again.  
 
    Indian markets (Prev Day)
 
 The domestic bourses traded the entire session on a lackluster note as the benchmark indices were seen plunging deep into the negative terrain. The market kicked off the session on a positive note tracking strong global cues. During the early trade, the Asian bourses traded positive tracking overnight gain in the US market that came on the back of dose of positive data. Further, the Chinese stocks surged after the central bank boosted banks' reserve requirements to cool down inflation and prevent fund flows from hurting the economy. On the other hand, the Japanese market gained as the rally of dollar against the yen, boosted the outlook for export earnings, and the banking stocks climbed after an upgrade by Deutsche Bank AG. Soon after the positive start, the benchmark indices were seen hovering around the baseline, directionlessly till the mid-session. The second half turned out to be rather disappointing as the market gradually dragged deep into the negative, making fresh intraday lows and finally closed below the 6,200 level on Nifty. In the sectorial front, the Realty space played the major spoilsport and was hammered the most, declining by 3.15%. Further, Oil&Gas, IT and Banking sectors also witnessed substantial profit booking as they plunged by 1.84%, 1.34% and 1.34% respectively. Both the Nifty and Sensex traded with considerable weakness throughout the session and finally closed deep into the negative terrain. The NSE Nifty closed below the 6,200 mark, while the BSE Sensex closed below the 20,600 level.

IndexLatest1 D Chg(%)YTD(%)
NSE Index (11 Nov 2010) 6194.25 -1.30 19.10
Sensex (11 Nov 2010) 20589.09 -1.37 17.89
Dow Jones Ind. .. (11 Nov 2010) 11283.10 -0.65 8.20
Nasdaq Composit.. (11 Nov 2010) 2555.52 -0.90 12.62
Hang Seng (11 Nov 2010) 24700.30 0.82 12.93
Straits Times (11 Nov 2010) 3293.39 0.13 13.66
FTSE 100 (11 Nov 2010) 5815.23 -0.03 7.43
CAC 40 (11 Nov 2010) 3867.35 -0.54 -1.75
SectorsClose1D Chg(%)
BSE IT 6131.71 -1.36
BSEPSU 10241.92 -1.45
OILGAS 10900.06 -1.88
Advance Decline RatioValue(in Cr.)Exchange
0.20 784.42 SENSEX
0.25 7013.98 NIFTY
   SENSEX    NIFTY
Top GainersClose1D Gain(%)YTD(%)
Hero Honda Motors Ltd. 1811.25 0.02 5.52
Hindalco Industries Ltd. 234.05 2.65 45.60
Tata Power Company Ltd. 1395.75 1.47 1.29
Top GainersClose1D Gain(%)YTD(%)
Reliance Power Ltd. 190.75 9.97 22.99
Hindalco Industries Ltd. 233.95 2.56 45.45
Tata Power Company Ltd. 1397.75 1.48 1.18
Top LosersClose1D Loss(%)YTD(%)
DLF Ltd. 346.45 -4.41 -4.07
Jaiprakash Associates Ltd. 134.35 -3.28 -8.54
Bharti Airtel Ltd. 317.45 -3.26 -3.45
Top LosersClose1D Loss(%)YTD(%)
DLF Ltd. 346.45 -4.48 -4.08
Jaiprakash Associates Ltd. 134.35 -3.35 -8.51
Cipla Ltd. 331.85 -3.17 -0.96
Top

Most Active Stocks by value (in Cr)

BSEClose%ChgValue(in Cr.)Volume
SBI 3213.50 -1.20 184.90 575898
Tata Motors 1302.15 -1.97 79.47 615848
Tata Steel 637.70 -1.00 69.43 1086232
RIL 1102.45 -1.85 54.65 500439
Hindalco 228.00 2.65 34.79 1482545
 
NSEClose%ChgValue(in Cr.)Volume
Reliance Pow 173.45 9.97 856.05 45795956
SBI 3214.60 -1.20 744.59 2315997
Tata Motors 1302.50 -2.04 497.48 3854920
Hindalco 228.10 2.56 336.16 14312268
RIL 1102.20 -2.02 316.61 2900734
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 25 Nov 2010 ) 6300.00 1345232.46 49.30 73.02
NIFTY ( 25 Nov 2010 ) 6400.00 860469.01 21.10 95.26
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 25 Nov 2010 ) 6200.00 1048912.71 66.65 -37.81
NIFTY ( 25 Nov 2010 ) 6300.00 953414.78 115.20 -34.07
   Most Active Future by Contracts Value (in Cr)
RPOWER ( 25 Nov 2010 ) - 139707.60 186.60 -6.99
SBIN ( 25 Nov 2010 ) - 122833.98 3199.60 1.25
    Commodities
 
 Crude oil prices settled almost flat as gains in the dollar and the weaker stock market offset strong Chinese demand data. Gold pared earlier session losses to settle up above USD 1,403 an ounce, as escalating concerns over debt in some peripheral euro zone economies intensified, boosting interest in the precious metal as a safe haven store of value.  
 
    International News
 
 
  • Business NZ said the BNZ-Business NZ performance of manufacturing index came in at a seasonally adjusted 49.7 in October, up from 49.5 in September.(RTT news)
  • Swiss food giant Nestle has completed a five-year, 5 billion euro (USD 6.89 billion) refinancing of its one-year revolving credit facility. The financing replaces a 6.5 billion euro facility arranged in 2009 and serves as a backstop to Nestle's global commercial paper programme. (Economic Times)
  • Brazilian state oil company Petrobras had signed deals worth USD 3.46 billion for the construction of eight platform hulls to tap its huge offshore oil fields. Partners BG Group, GALP Energia and Repsol had signed two contracts for the platforms with Brazilian infrastructure firm Engevix Engenharia SA for use in the first phase of production in the deepwater Santos Basin subsalt area. (Economic Times)
 
 
    Domestic News
 
 
  • Betting big on India's economic expansion and the consequent escalating demand for hotels across various segments, the largest US hotel chain, Marriott International, plans to expand its network in India to 100 hotels over the next five-years. (Economic Times)
  • Realtor Parsvnath Developers won the bid for a 38.3-acre (15.50 hectares) land in New delhi auctioned by Rail Land Development Authority (RLDA) for Rs 16.51 billion. . (Economic Times)
  • As per a CII report, despite a growth of only 11% in Q2 FY 11 as against 12% in the year-ago period, the Indian FMCG sector is expected to grow at 13% in the current fiscal. (The Financial Express)
 
 
CurrencyExchange-Rate1D Chg(%)1M Chg(%)
EUR 60.96 -0.25 % -1.38 %
GBP 71.44 0.57 % 0.72 %
USD 44.25 -0.32 % -0.65 %
FIIs ActivityRs. Cr.MTDYTD
Equity in flows 2808.50 40846.20 655038.20
Equity Out flows 2700.90 23688.20 524957.40
Net 107.60 17158.00 130080.90

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
FII 11-Nov-20103042.74 3103.16-60.42

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII11-Nov-2010 1071.581341.27 -269.69