Strong & Weak stocks
This is list of 10 strong stocks:
S Kumars, UCO Bank, Educomp, Dish TV, Lupin, Alok Ind, Hero Honda, Canara Bank, Dr Reddy & GE Shipping.
And this is list of 10 Weak stocks:
Unitech, Videocon Ind, OnMobile, Orbit Corp, Rcom, Jindal SWHL, Apollo Tyre, FSL, Rel Capital & Ispat Ind.
The daily trend of nifty is in Down trend
- Supp / Resis SPOT/CASH LEVELS FOR INTRADAY
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 6051.78 | 6093.57 | 6166.88 |
| Support | 5936.68 | 5863.37 | 5821.58 |
| Sensex | Resistance | 20083.93 | 20210.28 | 20431.53 |
| Support | 19736.33 | 19515.08 | 19388.73 |
Scripts to watch today : ACC, AxisBank, Biocon, BPCL, Cairn, DLF, Hindalco, JindalSAW, JPAsso, Reliance, Sail, SBI, Sterlite, TataPower, Tisco, Wipro
Global Cues:The euro snapped a three-day rally versus the dollar, stocks and commodities slid and Treasuries rose as Ireland's financial bailout failed to assuage concern Europe's debt crisis may spread. Banks led U.S. shares lower as federal agents searched hedge funds in an insider-trading probe.
| Market Outlook |
| |
| | Technically, the short-term trend is weak as Nifty is moving below all the short term (20DMA and 50 DMA) moving averages. From here, market could see a consolidation in the range of 5,845-6,150 with a strong support of 89-day exponential moving average at 5,845, before moving to higher levels. The major resistance for Nifty now comes at 6,045 and only if Nifty closes above this level, we may see further upside to 6,155. On the other hand, If Nifty fails to stay above 6,000 then we can expect more selling which can pull down the Nifty towards 5,900 levels. The market is expected to remain volatile in view of expiry of derivative contracts due on 25th this week and Nifty can test 5,750 on the lower side (Fibonacci retracement support) and 6150 on the higher side in short term. Indian market is likely to open with downward bias following weak cues from global markets. Thereafter, Nifty is likely to consolidate between 5,950 to 6,045 level before giving breakout either side. Investors are likely to show a cautious approach on fearthat Ireland's debt crisis could spread, raising the specter of losses by exposed U.S. Banks. | |
| |
| Tip for the day |
| |
| | SKS MICROFINANCE (BUY) - RSI is at 26 oversold territory on the brink of entering into positive crossover.
- Stochastic is hovering in oversold on the verge of showing positive crossover.
- MACD is likely to show bullish crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 714.50 | BUY | 720/730/740 | 700 | 680/750 | MANAPPURAM (BUY) - Stock new candlestice made above 34 Day EWMA and expecting to rise further.
- RSI is showing a reversal trend after correction.
- MACD showing positive divergence.
- Stochastic is at 48 levels and it has given a buy crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 181.65 | BUY | 184/188/192 | 176 | 170/200 | VARUN INDUSTRY (BUY) - RSI is at neutral territory at 57 levels and showing positive crossover moving towards oversold territory.
- MACD showing positive divergence.
- Stochastic is trading in neurtral territory at 62 showing positive crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 243.10 | BUY | 246/250/255 | 237 | 230/260 | JAICORP LTD (BUY) - RSI is at 53 neutral territory showing positive crossover.
- MACD is showing positive divergence.
- Stochastic is hovering in neutral territory showing positive crossover suggesting upside.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 262.30 | BUY | 265/270/275 | 255 | 240/280 | |
| US markets |
| |
| | US markets ended mixed as gains in technology stocks due to M&A activity helped erasing some of earlier losses in financial stocks which fell on concerns about the spread of Ireland's debt troubles to other nations. Financial shares were the biggest losers on the bourses as investors were worried about institutional exposure to the Irish financial sector and health of other euro zone nations. Selling intensified in financial shares after reports that Federal authorities could be in the brink of launching several insider-trading cases against the hedge-fund industry, consultants, and Wall Street banks. However, markets recovered from day's low as technology stocks rose on reports that an investor group reached a deal to acquire Novell for about USD 2.2 billion, ending an eight-month takeover battle for the software company. Retailers also managed to buck the trend as reports of strong sales generated some buying interest. | |
| |
| European markets |
| |
| | European markets ended lower as concerns over the health of other euro zone countries and volatility within the Irish government erased earlier gains. Investors were worried that heavy debt burdened Spain, Portugal and Italy may also need a financial lifeline from other EU members. Meanwhile, ratings agency Moody's warning of a possible 'multi-notch' downgrade to Ireland's credit rating also led to some selling. There were also some concerns that Ireland's Green Party may call for elections in January, disrupting Ireland's government coalition. Financial shares were the biggest drag, while auto stocks bucked the broader trend. | |
| |
| Indian markets (Prev Day) |
| |
| | The domestic bourses bounced back smartly from the previous week's bloodbath on the back of Chinese inflationary and Irish debt concerns. The market started off the session on a robust note on the back of strong global cues. The Asian bourses traded positive at opening amid confidence that an agreement to rescue Ireland's banks will prevent contagion across European debt markets. The Chinese stocks fluctuated after opening lower as policy makers increased the amount of money that banks must set aside to fight inflation. Soon after the positive start, the benchmark indices were seen gaining further strength and moved northwards gradually. The market never looked weak during the session and substantial strength among the banking and IT space helped the benchmark Nifty to close above the 6,000 mark. In the sectorial front, the Banking and IT space contributed the most in the substantial rally as they advanced by 2.64% and 2.50% respectively. The Realty Auto and FMCG space also supported the upmove by gaining 2.01%, 1.77% and 1.76% respectively. Both the Nifty and Sensex showed extreme strength throughout the session and finally closed near their respective intraday highs. The NSE Nifty closed above the 6,000 mark, while the BSE Sensex closed above the 19,950 level. | |
| |
| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (22 Nov 2010) | 6010.00 | 2.03 | 15.55 | | Sensex (22 Nov 2010) | 19957.59 | 1.90 | 14.27 | | Dow Jones Ind. .. (22 Nov 2010) | 11178.58 | -0.22 | 7.20 | | Nasdaq Composit.. (22 Nov 2010) | 2532.02 | 0.55 | 11.58 | | Hang Seng (22 Nov 2010) | 23524.02 | -0.35 | 7.55 | | Straits Times (22 Nov 2010) | 3190.92 | -0.20 | 10.12 | | FTSE 100 (22 Nov 2010) | 5680.83 | -0.91 | 4.95 | | CAC 40 (22 Nov 2010) | 3818.89 | -1.07 | -2.98 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6036.95 | 2.44 | | BSEPSU | 9760.59 | 1.16 | | OILGAS | 10383.13 | 1.50 | |
| Advance Decline Ratio | Value(in Cr.) | Index | | 9.00 | 720.89 | SENSEX | |
| SENSEX | NIFTY |
| Top Gainers | Close | 1D Gain(%) | YTD(%) | | Wipro Ltd. | 418.35 | 4.16 | 2.63 | | Jaiprakash Associates Ltd. | 125.35 | 4.02 | -14.67 | | DLF Ltd. | 318.35 | 3.43 | -11.85 | | |
| |
| Top Losers | Close | 1D Loss(%) | YTD(%) | | NTPC Ltd. | 183.15 | -0.62 | -22.30 | | Larsen & Toubro Ltd. | 2041.35 | -0.22 | 21.55 | | Sterlite Industries (India) Lt... | 175.30 | -0.11 | -18.62 | | |
Top | Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2991.80 | 1.56 | 177.29 | 587091 | | Tata Steel | 605.35 | 2.95 | 71.42 | 1155518 | | Tata Motors | 1190.05 | 3.18 | 62.85 | 517724 | | ICICI Bank | 1148.75 | 2.69 | 49.67 | 425214 | | RIL | 996.85 | 1.53 | 49.55 | 491447 | | | | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 25 Nov 2010 ) | 6000.00 | 1953087.18 | 49.15 | -60.33 | | NIFTY ( 25 Nov 2010 ) | 5900.00 | 1127429.33 | 121.15 | -58.73 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 25 Nov 2010 ) | 5900.00 | 1697001.42 | 14.05 | 345.91 | | NIFTY ( 25 Nov 2010 ) | 6000.00 | 1286511.78 | 38.90 | 225.96 | | | Most Active Future by Contracts Value (in Cr) | | SBIN ( 25 Nov 2010 ) | - | 122687.96 | 3041.80 | -1.53 | | TATASTEEL ( 25 Nov 2010 ) | - | 87230.22 | 624.75 | -3.27 | | | | | International News | | | | | - Brazil's trade balance moved to a deficit of USD 663 million in the third week of November from a surplus of USD 896 million in the previous week. During the week, exports fell to USD 3.27 billion from USD 5.6 billion in the week ending November 14. At the same time, imports dropped to USD 3.9 billion from USD 4.7 billion. (RTT News)
- Polish core inflation rate remained unchanged in October. The core inflation, which excludes food and energy prices, was 1.2% in October, same as in the previous month. The core consumer price index rose 0.2% on a monthly basis in October, same as in the preceding month. Overall CPI annual inflation rose to 2.8% from 2.5% in September. (RTT News)
- Sri Lanka plans to cut corporate taxes and adopt an inflation target for its central bank, aiming to bolster growth and anchor price expectations in the South Asian economy emerging from a 26-year civil war. President Mahinda Rajapaksa, unveiling the 2011 budget in Colombo, announced plans to lower the value added tax for banks to 12% from 20%, reduce the levy on construction companies to 12% and offer breaks to tea and rubber companies. (Bloomberg)
| | | | | Domestic News | | | | | - The Navi Mumbai airport venture will trigger a race among corporate biggies when the government calls for bids in early 2011 for setting up what will be the largest greenfield airport project since the privatisation exercise began in 2006.Existing airport operators like GVK and GMR, along with construction firms like HCC and Essel Infra, which missed out on earlier projects, are expected to bid for the Rs 9,800-crore airport venture.(Economic Times)
- The home ministry has sought tighter rules to stop foreigners from operating in sensitive border areas by acquiring stakes in Indian companies, skirting the restrictions imposed on overseas investment in these regions.(Economic Times)
- Mahindra Satyam, which was delisted from the New York Stock Exchange in September, said on Monday it has appointed three new executives for its Americas operations with a view to restructuring business in that region.(Economic Times)
| | | | |
| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 62.27 | 0.79 % | 0.74 % | | GBP | 72.54 | -0.08 % | 2.28 % | | USD | 45.29 | 0.07 % | 1.68 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | Equity in flows | 4864.30 | 61888.50 | 676080.50 | | Equity Out flows | 3420.90 | 43568.70 | 544837.90 | | Net | 1443.40 | 18319.80 | 131242.70 | |
