Wednesday, November 24, 2010

Market Outlook 24th Nov 2010

Strong & Weak Stocks
This is list of 10 strong stocks: 
Dish TV, S kumars, UCO Bank, Orchid Chem, Educomp, Lupin, Bajaj Auto, Hero Honda, GE Ship & Canara Bank. 
And this is list of 10 Weak stocks: 
OnMobile, Unitech, Orbit Corp, Jindal SWHL, FSL, Rcom, HDIL, Ispat Ind, Videocom Ind & MTNL.
The daily trend of nifty is in Down trend 

  • Supp / Resis SPOT/CASH LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 5997.086059.42 6145.48
Support 5848.685762.62 5700.28
Sensex Resistance 19907.94 20124.05 20406.67
Support 19409.21 19126.59 18910.48




Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3
Bajaj Auto Ltd. NSE 1638.45 1667.45 1591.45 1696.45 1544.45 1743.45 1515.45
Bajaj Electricals Ltd. NSE 258.15 267.23 250.28 276.32 242.42 284.18 233.33
Bajaj Finserv Ltd. NSE 460.00 471.23 446.38 482.47 432.77 496.08 421.53
Bajaj Hindustan Ltd. NSE 116.15 119.48 112.53 122.82 108.92 126.43 105.58
Bank of Baroda NSE 963.80 981.52 935.57 999.23 907.33 1027.47 889.62
Bank of India NSE 473.70 483.78 464.73 493.87 455.77 502.83 445.68
Bank of Maharashtra NSE 71.85 73.57 70.47 75.28 69.08 76.67 67.37
Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1228.73 1250.80 1205.85 1272.88 1182.98 1295.75 1160.90
Canara Bank NSE 774.85 788.37 754.72 801.88 734.58 822.02 721.07
Dish TV India Ltd. NSE 70.05 73.45 64.90 76.85 59.75 82.00 56.35
Dishman Pharmaceuticals & Chemicals Ltd NSE 143.55 148.70 140.70 153.85 137.85 156.70 132.70
Educomp Solutions Ltd. NSE 616.50 628.38 604.23 640.27 591.97 652.53 580.08
Firstsource Solutions Ltd. NSE 22.55 23.17 21.97 23.78 21.38 24.37 20.77
Great Eastern Shipping Company Ltd. NSE 369.70 376.80 361.30 383.90 352.90 392.30 345.80
Great Offshore Ltd. NSE 361.25 372.13 349.23 383.02 337.22 395.03 326.33
Greenply Industries Ltd. NSE 198.55 200.68 195.73 202.82 192.92 205.63 190.78
Hero Honda Motors Ltd. NSE 1957.65 1973.77 1931.77 1989.88 1905.88 2015.77 1889.77
Ispat Industries Ltd. NSE 17.30 17.85 16.75 18.40 16.20 18.95 15.65
Jindal Cotex Ltd. NSE 138.65 144.03 133.63 149.42 128.62 154.43 123.23
Jindal Drilling & Industries Ltd. NSE 509.45 529.12 493.17 548.78 476.88 565.07 457.22
Jindal Photo Ltd. NSE 207.45 218.95 195.00 230.45 182.55 242.90 171.05
Jindal Poly Films Ltd. NSE 503.85 515.82 494.07 527.78 484.28 537.57 472.32
Jindal Saw Ltd. NSE 200.50 204.98 192.93 209.47 185.37 217.03 180.88
Jindal South West Holdings Ltd. NSE 1614.50 1675.33 1557.33 1736.17 1500.17 1793.33 1439.33
Jindal Steel & Power Ltd. NSE 650.75 658.23 639.93 665.72 629.12 676.53 621.63
Lupin Ltd. NSE 482.70 489.43 472.48 496.17 462.27 506.38 455.53
NSE Index NSE 5934.75 5997.08 5848.68 6059.42 5762.62 6145.48 5700.28
OnMobile Global Ltd. NSE 252.70 272.27 239.82 291.83 226.93 304.72 207.37
Orbit Corporation Ltd. NSE 94.50 98.70 90.60 102.90 86.70 106.80 82.50
Orchid Chemicals & Pharmaceuticals Ltd. NSE 322.00 332.30 303.85 342.60 285.70 360.75 275.40
Reliance Capital Ltd. NSE 688.90 702.07 673.87 715.23 658.83 730.27 645.67
Reliance Communications Ltd. NSE 146.20 149.37 144.07 152.53 141.93 154.67 138.77
Reliance Industries Ltd. NSE 995.60 1008.73 978.73 1021.87 961.87 1038.73 948.73
Reliance Infrastructure Ltd. NSE 939.85 958.03 921.38 976.22 902.92 994.68 884.73
Reliance Media Works Ltd. NSE 235.40 244.10 227.35 252.80 219.30 260.85 210.60
Reliance Power Ltd. NSE 171.00 175.63 166.98 180.27 162.97 184.28 158.33
Religare Enterprises Ltd. NSE 496.90 512.93 487.93 528.97 478.97 537.93 462.93
S Kumars Nationwide Ltd. NSE 91.70 95.83 88.08 99.97 84.47 103.58 80.33
Unitech Ltd. NSE 66.75 68.80 64.90 70.85 63.05 72.70 61.00
   *LTP stands for Last Traded Price as on Tuesday, November 23, 2010 4:04:20 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. 


US markets
 
  US stocks ended lower as the effects of flaring tensions between North and South Korea and amid concerns that the Irish debt crisis would spread to other euro zone countries. Stocks fell initially amid news that North Korea opened artillery fire on a South Korean island, prompting retaliation from South Korea. Also, the continued lack of clarity regarding the end to Ireland's debt problems put some pressure on stocks. On the economic front in the US, the Federal Reserve's latest minutes were little changed. The minutes also indicated that the debate regarding the second round of quantitative easing was more robust that the nearly unanimous vote would suggest. Also, GDP increased at an annual rate of 2.5% in the third quarter compared to the initially reported 2.0% growth. Meanwhile, existing home sales fell 2.2% to a seasonally adjusted annual rate of 4.43 million in October.  
 
    European markets
 
  European markets finished lower as news about an exchange of artillery fire at the Korean peninsula and concerns surrounding the Irish debt crisis frayed investor's nerves. Ireland's request for a bailout package from the European Union and the IMF failed to allay fears about a spread of the euro zone debt crisis. In economic news, the German gross domestic product grew 0.7% in the third quarter. Meanwhile, private sector growth in the euro zone improved to 55.4 from 53.8 in October. In Germany, the manufacturing PMI climbed to a four-month high of 58.9 in November from 56.6 in October. Leading economic indicators for Germany edged up 0.3% month-over-month in September, after rising 1% in August.  
 
    Indian markets (Prev Day)
 
  The domestic bourses traded with extreme volatility in the negative terrain amid a flurry of unfavourable situations worldwide. The market started off the session below the neutral line tracking negative global cues. The Asian stocks declined in the morning amid speculation a European Union bailout of the Irish government will fail to stem the region's sovereign-debt crisis. Markets traded in a narrow range on the lower side until the mid-session. The second half initiated with the benchmark indices being significantly dragged southwards amid tension mounting in Korea. South Korea Government has called an emergency Security Ministry meeting. The Military stated the country is on highest non-war time alert. At least 200 artillery shells hit South Korean islands. Country's President Office says that North Korea artillery fire is in response to South drills. But again the final couple of hours witnessed buying interest at lower levels, when the market bounced back taking support near the 6,820 level on the benchmark Nifty. Though the market closed well below the unchanged zone, it managed to recover almost all the losses emerging post mid-session. In the sectorial front, the Realty space has played the major spoilsport and dragged by 3.26%. Further, the PSU, Metal and Oil&Gas space also contributed significantly to the market plunge, declining by 1.85%, 1.79% and 1.69% respectively. Both the Nifty and Sensex showed extreme volatility, with the benchmark Sensex witnessing an intraday swing of around 850 points. The NSE Nifty closed below the 5,950 mark, while the BSE Sensex closed below the 19,700 level. 

Index Latest 1 D Chg(%) YTD(%)
NSE Index (23 Nov 2010) 5934.75 -1.25 14.11
Sensex (23 Nov 2010) 19691.84 -1.33 12.75
Dow Jones Ind. .. (23 Nov 2010) 11036.37 -1.27 5.83
Nasdaq Composit.. (23 Nov 2010) 2494.95 -1.46 9.95
Hang Seng (23 Nov 2010) 22896.14 -2.67 4.68
Straits Times (23 Nov 2010) 3126.30 -2.03 7.89
FTSE 100 (23 Nov 2010) 5581.28 -1.75 3.11
CAC 40 (23 Nov 2010) 3724.42 -2.47 -5.38
Sectors Close 1D Chg(%)
BSE IT 6001.14 -0.60
BSEPSU 9580.20 -1.88
OILGAS 10207.49 -1.72
Advance Decline Ratio Value(in Cr.) Index
0.07 1011.31 SENSEX
0.22 7781.91 NIFTY
   SENSEX    NIFTY
Top Gainers Close 1D Gain(%) YTD(%)
Maruti Suzuki India Ltd. 1438.85 1.35 -7.75
Hindustan Unilever Ltd. 300.35 0.33 13.45
Top Gainers Close 1D Gain(%) YTD(%)
Bajaj Auto Ltd. 1638.45 2.52 86.74
Sun Pharmaceutical Industries ... 2276.10 2.03 50.85
HCL Technologies Ltd. 396.00 1.47 6.65
Top Losers Close 1D Loss(%) YTD(%)
Tata Power Company Ltd. 1301.65 -3.04 -5.54
State Bank of India 2952.60 -2.83 30.10
Bharti Airtel Ltd. 329.15 -2.30 0.11
Top Losers Close 1D Loss(%) YTD(%)
Tata Power Company Ltd. 1299.05 -3.61 -5.96
Suzlon Energy Ltd. 50.45 -3.44 -44.16
Steel Authority of India (SAIL... 183.40 -3.14 -24.12
Top

Most Active Stocks by value (in Cr)

BSE Close %Chg Value(in Cr.) Volume
SBI 3038.60 -2.83 290.93 986487
RIL 1012.10 -1.70 97.35 982564
Tata Steel 623.20 -1.79 96.56 1572867
Tata Motors 1227.95 -1.16 67.81 560702
ICICI Bank 1179.65 -1.95 65.57 569569
 
NSE Close %Chg Value(in Cr.) Volume
SBI 3039.85 -2.84 1323.58 4497082
RIL 1012.25 -1.64 751.27 7569264
ICICI Bank 1180.05 -1.96 433.43 3751973
Tata Motors 1227.70 -1.16 418.85 3463587
Tata Steel 624.85 -2.03 361.26 5884331
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 25 Nov 2010 ) 6000.00 2281411.72 20.35 141.52
NIFTY ( 25 Nov 2010 ) 5900.00 2226181.31 65.70 84.40
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 25 Nov 2010 ) 5900.00 2659000.42 26.85 -47.67
NIFTY ( 25 Nov 2010 ) 5800.00 1587525.21 8.00 -43.13
   Most Active Future by Contracts Value (in Cr)
SBIN ( 25 Nov 2010 ) - 146397.24 2962.20 2.69
TATASTEEL ( 25 Nov 2010 ) - 114417.81 614.00 1.75
    Commodities
 
  Gold settled higher at USD 1,376.64 as an artillery clash between North and South Korea and Europe's debt crisis prompted safe haven buying and eroded the metal's traditional inverse link with the U.S. Dollar. Crude oil for January delivery dropped 49 cents to settle at USD 81.25 a barrel as global woes triggered a rally in the dollar, though buyers returned when oil fell to a session low near USD 80, which limited losses.  
 
    International News
 
 
  • The Conference Board's Leading index for Australia declined 0.1% in September. The Leading Index decline was the first since May 2009. A drop in building approvals and rural goods exports led the decline.(RTT News)
  • Canada's retail sales increased for the fourth consecutive month, rising 0.6% in current dollars to USD 36.4 billion in September. Gains were reported in 8 of 11 subsectors. Retail sales in volume terms were up 0.4%. (Bloomberg)
  • Iceland's economy may return to growth next year, but the rebound is expected to be weaker than previously thought, fresh report from Statistics Iceland showed Tuesday. According to the revised economic forecast for 2010-15 period, the economy may grow 1.9% next year, less than the 3.2% expansion predicted in June.(RTT News)
 
 
    Domestic News
 
 
  • Utility vehicle major Mahindra & Mahindra will pay Rs 2,105 crore (USD463 million) for a controlling stake in ailing South Korean SUV maker Ssangyong Motor to help widen its product range and boost sales in the overseas market.(Economic Times)
  • Research firm Gartner said that India Inc is expected to spend around USD95.5 billion on information and communication technology (ICT) in the country by 2014, driven primarily by hardware and telecom. (Economic Times)
  • Coal India reported a net profit of Rs 4,020 crore for April-September, helped by its move to raise prices by 11% last month. Net sales rose to Rs 22,525.5 crore from Rs 19,269 crore, while its wage bill swelled and it struggled to meet targets.(Economic Times)
 
 
Currency Exchange-Rate 1D Chg(%) 1M Chg(%)
EUR 61.80 -0.75 % -0.02 %
GBP 72.55 0.01 % 2.29 %
USD 45.61 0.71 % 2.40 %
FIIs Activity Rs. Cr. MTD YTD
Equity in flows 2913.10 64801.60 678993.60
Equity Out flows 2387.20 45955.90 547225.10
Net 525.90 18845.70 131768.60