Market Outlook 26th Nov 2010

Strong & Weak Stocks

This is list of 10 strong stocks 

TVS Motor, S Kumars, Dish TV, Lupin, Crompton Greave, GE Shipping, Hero Honda, M&M, Bajaj Auto & Bata India. 

And this is list of 10 Weak stocks: 

Orbit Corp, HDIL, Unitech, LIC Housing, India Info, Jindal SWHL, RCOM, Ibrealest, Hind Const & OnMobile.

The daily trend of nifty is in Down trend 

• Supp / Resis SPOT/CASH LEVELS FOR INTRADAY TRADING

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5877.78	5955.82	6004.53
		Support	5751.03	5702.32	5624.28
	Sensex	Resistance	19545.16	19772.17	19916.06
		Support	19174.26	19030.37	18803.36

Scripts to watch today : ACC, Bhartiatl, Cairn, HCLTech, ICICIBank, KotakBank, ONGC, Ranbaxy, Reliance, Sterlite, TataMotors, TCS, Tisco, Wipro

Tip for the day
	SUJANA TOWER (BUY) RSI is at overbought territory at 79 levels and showing on ther verge of showing positive crossover. Stochastic is trading in neutral territory at 62 on the brink of entering into positive territory. Stock is trading above 08 day and 34 day EWMA and not showing correction. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 221.15 BUY 224/228/232  216 300/240 DLF(SELL) Stock new candlestice made below 34 Day EWMA and expecting to fall further. MACD is showing negative divergence. Wide correction is expected. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 292.50 SELL 289/285/280 300 280/310 MPHASIS (SELL) RSI is at 46 showing negative crossover indicating correction. MACD is likely to show negative divergence. 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 587.90 SELL 582/575/565 600 550/620 RUCHI SOYA (BUY) RSI is at 36 showing positive crossover indicating uptrend. MACD is likely to show positive divergence. The stock has been falling over the past few sessions and the reversal is expected. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 118.45 BUY 120/123/126 115 110/130

US markets
	US stocks ended higher following positive economic data that showed that the US economy was on improving path. The report showed that jobless claims fell to 4,07,000 in the week ended November 20th from the previous week's revised figure of 4,41,000. Additional buying interest was generated by a report from Reuters and the University of Michigan showing that their consumer sentiment index for November was upwardly to a reading of 71.6 from the preliminary estimate of 69.3. Meanwhile, investors largely shrugged off separate reports from the Commerce Department showing a steep drop in durable goods orders as well as an unexpected decrease in new home sales. In earnings news, agricultural equipment manufacturer Deere & Co. reported fourth quarter net income of USD 1.07 per share, beating estimates for USD 0.94 per share. Tiffany & Co. reported third-quarter adjusted earnings of USD 0.46 per share on revenues of USD 681.73 million.

European markets
	European markets finished on upbeat note,  after seeing considerable weakness in the previous session, with mining shares boosted by rising metals prices and bid interest in Capital Shopping Centres lifting the real estate sector. Also, Airline stocks helped to maintain the markets higher, with the strength in the sector coming amid what is typically the industry's busiest day. The NYSE Arca Airline Index surged up by 3.7%, climbing back within striking distance of the three-year highs it set earlier this month. Electronic storage, semiconductor and internet stocks also posted substantial gains, reflecting strength in the technology sector as a whole. Most of the other major sectors also moved back to the upside following the broad based weakness that was seen in the previous session. Trucking, defense, railroad, and real estate stocks saw notable strength.

Indian markets (Prev Day)
	The FNO expiry remained highly volatile and the domestic bourses witnessed a surprise drag towards the end. The markets started off the session on an upbeat note as the benchmark indices were seen opening on the higher side tracking strong global cues. The Asian bourses rose for the first time in three days after reports showed U.S. employment and consumer sentiment improved, improving confidence over the global economic recovery and driving commodity prices higher. Buying support was seen among the IT, Teck, Auto, CD and Banking stocks. However, Indian bourses drifted to the negative zone in the early afternoon trade, erasing most of the midsession gains as selling pressure was seen in front liners like Suzlon, BPCL and Rpower. The bursting of a bribery scandal by the Central Bureau of Investigation on last day, involving officials of some top PSU banks and finance firms hurt investors sentiment. In the mid session markets were trading range bound with high volatility as traders rolled over positions in the derivatives segment from the near-month November 2010 series to December 2010 series. Further, in last hour trade, despite positive European peers and US index future markets plunged sharply as heavy selling pressure was seen in Realty, PSU and Consumer Goods stock. Finally, markets closed the volatile session on negative note. At the end, Sensex closed at 19,318.16 down by 141.69 points. It touched an intraday high of 19,628.27 and low of 19,257.37. Nifty ended at 5,799.75 down by 66 points. It made a high/low of 5,907.10 and 5,780.35 respectively.

Derivatives EOD report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-25-Nov-2010.htm

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Bajaj Auto Ltd. NSE 1633.75 1660.47 1611.47 1687.18 1589.18 1709.47 1562.47 Bajaj Corp Ltd. NSE 566.70 578.45 556.50 590.20 546.30 600.40 534.55 Bajaj Electricals Ltd. NSE 247.95 256.55 242.50 265.15 237.05 270.60 228.45 Bajaj Finance Ltd. NSE 734.65 755.42 719.47 776.18 704.28 791.37 683.52 Bajaj Finserv Ltd. NSE 460.05 466.37 450.37 472.68 440.68 482.37 434.37 Bajaj Hindustan Ltd. NSE 112.45 115.97 110.27 119.48 108.08 121.67 104.57 Bata India Ltd. NSE 357.25 363.73 349.03 370.22 340.82 378.43 334.33 Crompton Greaves Ltd. NSE 342.15 346.77 336.27 351.38 330.38 357.27 325.77 Dish TV India Ltd. NSE 67.60 70.00 66.10 72.40 64.60 73.90 62.20 Dishman Pharmaceuticals & Chemicals Ltd NSE 139.10 147.20 134.50 155.30 129.90 159.90 121.80 Hero Honda Motors Ltd. NSE 1951.05 1979.92 1912.27 2008.78 1873.48 2047.57 1844.62 Hind Rectifiers Ltd. NSE 65.50 67.62 63.77 69.73 62.03 71.47 59.92 Hindalco Industries Ltd. NSE 202.80 209.03 198.83 215.27 194.87 219.23 188.63 Hindustan Composites Ltd. NSE 510.20 514.03 505.68 517.87 501.17 522.38 497.33 Hindustan Construction Company Ltd. NSE 49.50 53.33 47.33 57.17 45.17 59.33 41.33 Hindustan Copper Ltd. NSE 332.15 341.43 325.43 350.72 318.72 357.43 309.43 Hindustan Motors Ltd. NSE 27.45 28.67 26.57 29.88 25.68 30.77 24.47 Hindustan Oil Exploration Company Ltd. NSE 224.20 230.13 217.63 236.07 211.07 242.63 205.13 Hindustan Organic Chemicals Ltd. NSE 56.00 59.65 53.70 63.30 51.40 65.60 47.75 Hindustan Petroleum Corporation Ltd. NSE 410.85 430.02 398.47 449.18 386.08 461.57 366.92 Hindustan Unilever Ltd. NSE 297.20 301.47 293.47 305.73 289.73 309.47 285.47 Hindustan Zinc Ltd. NSE 1141.65 1168.38 1125.53 1195.12 1109.42 1211.23 1082.68 Hindusthan National Glass & Industries Ltd. NSE 259.05 263.97 254.07 268.88 249.08 273.87 244.17 India Infoline Ltd. NSE 91.30 102.50 85.10 113.70 78.90 119.90 67.70 Indiabulls Financial Services Ltd. NSE 174.25 184.07 165.37 193.88 156.48 202.77 146.67 Indiabulls Power Ltd. NSE 26.70 27.13 26.38 27.57 26.07 27.88 25.63 Indiabulls Real Estate Ltd. NSE 154.25 161.13 150.23 168.02 146.22 172.03 139.33 Indiabulls Securities Ltd. NSE 23.50 24.15 23.00 24.80 22.50 25.30 21.85 Indian Bank NSE 271.80 285.65 261.80 299.50 251.80 309.50 237.95 Indian Hotels Company Ltd. NSE 90.55 97.20 85.55 103.85 80.55 108.85 73.90 Indian Oil Corporation Ltd. NSE 337.30 361.83 319.63 386.37 301.97 404.03 277.43 Indian Overseas Bank NSE 146.40 150.48 144.03 154.57 141.67 156.93 137.58 IndusInd Bank Ltd. NSE 287.10 294.70 280.75 302.30 274.40 308.65 266.80 Jindal Cotex Ltd. NSE 137.90 141.18 135.28 144.47 132.67 147.08 129.38 Jindal Drilling & Industries Ltd. NSE 503.85 514.57 496.57 525.28 489.28 532.57 478.57 Jindal Photo Ltd. NSE 194.90 206.10 188.60 217.30 182.30 223.60 171.10 Jindal Poly Films Ltd. NSE 476.25 497.70 461.95 519.15 447.65 533.45 426.20 Jindal Saw Ltd. NSE 182.10 193.63 174.78 205.17 167.47 212.48 155.93 Jindal South West Holdings Ltd. NSE 1527.50 1601.33 1482.33 1675.17 1437.17 1720.33 1363.33 Jindal Steel & Power Ltd. NSE 626.85 647.23 614.23 667.62 601.62 680.23 581.23 LIC Housing Finance Ltd. NSE 1053.80 1129.72 961.67 1205.63 869.53 1297.77 793.62 Lupin Ltd. NSE 493.80 507.13 484.23 520.47 474.67 530.03 461.33 Mahanagar Telephone Nigam Ltd. NSE 55.20 56.08 54.23 56.97 53.27 57.93 52.38 Mahindra & Mahindra Ltd. NSE 780.55 796.97 765.97 813.38 751.38 827.97 734.97 NSE Index NSE 5799.75 5877.78 5751.03 5955.82 5702.32 6004.53 5624.28 OnMobile Global Ltd. NSE 256.45 264.63 251.63 272.82 246.82 277.63 238.63 Orbit Corporation Ltd. NSE 80.60 86.12 77.57 91.63 74.53 94.67 69.02 Reliance Banking Exchange Traded Fund NSE 1101.50 1164.04 1061.78 1226.58 1022.06 1266.30 959.52 Reliance Capital Ltd. NSE 661.65 678.85 650.60 696.05 639.55 707.10 622.35 Reliance Industries Ltd. NSE 979.50 997.33 967.33 1015.17 955.17 1027.33 937.33 Reliance Infrastructure Ltd. NSE 908.80 932.17 892.77 955.53 876.73 971.57 853.37 Reliance Power Ltd. NSE 157.90 166.47 152.72 175.03 147.53 180.22 138.97 Religare Enterprises Ltd. NSE 495.10 502.40 489.90 509.70 484.70 514.90 477.40 S Kumars Nationwide Ltd. NSE 90.30 93.25 87.50 96.20 84.70 99.00 81.75 TVS Motor Company Ltd. NSE 83.15 86.20 81.30 89.25 79.45 91.10 76.40 Unitech Ltd. NSE 62.95 66.28 60.93 69.62 58.92 71.63 55.58

*LTP stands for Last Traded Price as on Thursday, November 25, 2010 4:04:59 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.

Index Latest 1 D Chg(%) YTD(%) NSE Index (25 Nov 2010) 5799.75 -1.13 11.51 Sensex (25 Nov 2010) 19318.16 -0.73 10.61 Hang Seng (25 Nov 2010) 23054.68 0.13 5.40 Straits Times (25 Nov 2010) 3159.23 0.71 9.03 FTSE 100 (25 Nov 2010) 5698.93 0.74 5.28 CAC 40 (25 Nov 2010) 3760.42 0.34 -4.47 Sectors Close 1D Chg(%) BSE IT 6010.04 1.21 BSEPSU 9154.44 -2.73 OILGAS 9989.06 -1.60 Advance Decline Ratio Value(in Cr.) Index 0.30 983.75 SENSEX 0.22 12228.45 NIFTY

SENSEX    NIFTY Top Gainers Close 1D Gain(%) YTD(%) Infosys Technologies Ltd. 3063.70 2.09 17.60 ACC Ltd. 1009.05 1.46 15.78 Housing Development Finance Co... 696.55 1.38 30.06 Top Gainers Close 1D Gain(%) YTD(%) Infosys Technologies Ltd. 3064.35 2.28 17.81 Tata Consultancy Services Ltd. 1021.80 1.70 36.19 ACC Ltd. 1011.00 1.53 15.88 Top Losers Close 1D Loss(%) YTD(%) Jaiprakash Associates Ltd. 115.00 -5.19 -21.72 DLF Ltd. 292.75 -4.13 -18.94 Reliance Communications Ltd. 137.90 -3.94 -20.24 Top Losers Close 1D Loss(%) YTD(%) Suzlon Energy Ltd. 46.65 -7.44 -48.37 Punjab National Bank 1183.60 -6.49 30.61 Reliance Power Ltd. 157.90 -6.04 1.81

Top

Most Active Stocks by value (in Cr) BSE Close %Chg Value(in Cr.) Volume SBI 2854.10 -0.98 254.31 899629 Tata Steel 615.35 -1.99 95.56 1558942 RIL 994.10 -1.39 88.08 890823 InfosysTechn 3001.00 2.09 76.02 247071 ICICI Bank 1125.10 -0.70 75.29 666884   NSE Close %Chg Value(in Cr.) Volume Power Grid 97.10 -0.57 1604.33 167134120 SBI 2851.00 -1.02 1324.37 4687908 ICICI Bank 1125.10 -0.79 858.34 7603636 InfosysTechn 2995.90 2.28 705.03 2291497 RIL 996.05 -1.66 657.11 6654697   Strike Price Value Price %Chg    Most Active Calls by Contract Value (in Cr)    Most Active Puts by Contract Value (in Cr)    Most Active Future by Contracts Value (in Cr)     Commodities     Crude oil prices edged lower to USD 83.86 a barrel amid concern Ireland's debt crisis will spread to Portugal and Spain, diminishing the appeal of the region's assets. Gold was flat at USD 1,371.80, lacking strong impetus due to the U.S. Thanksgiving holiday but backed up by some safe haven buying amid Europe's debt crisis and heightened tensions tensions between the Koreas.         International News     Mexico's unemployment rate was 5.7% in October, unchanged from the September level. However, the rate was smaller than the 5.94% recorded a year ago. The seasonally adjusted unemployment rate rose to 5.46% in October from 5.32% in September. (RTT News) Kenyan central bank decided to retain its benchmark central bank rate at 6% for a second straight rate-setting session, saying a stable monetary stance will endorse the growing confidence in the economy. Inflation in east Africa's biggest economy eased to 3.09% in October from 3.21% in the previous month. (Google News) South Korean President Lee Myung-bak accepted the resignation of his defense minister on Thursday, two days after an attack by North Korea and amid criticism that the South's response was too slow.  Minister Kim Tae-young had tended his resignation in May after criticism over the sinking of a South Korean naval vessel, the Cheonan, in March, also blamed on North Korea. Forty-six South Korean sailors were killed in the attack. (Economic Times)         Domestic News     Private carrier Kingfisher Airlines on Thursday said its Board has approved converting lenders' debt of up to Rs 1,355-crore into share capital. The airline's Board also approved converting promoters' debt of up to Rs 648 crore into share capital, the Vijay Mallya-led carrier said in a press release. (The Hindu) MIC Electronics, a global leader in design, development and manufacturing of LED lighting and true colour LED display systems, said that it has bagged orders worth Rs 23.89 crore from Indian Railways, Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and various corporate houses. (MSN News) The country's aerospace segment is poised to grow with India and the US set to sign the Bilateral Aviation Safety Agreement (BASA) that would usher in mutual acceptance of aeronautical products and parts developed in either country, the Directorate General of Civil Aviation (DGCA) Thursday said. (Sify Finance)     Currency Exchange-Rate 1D Chg(%) 1M Chg(%) EUR 60.81 -0.51 % -1.62 % GBP 71.91 -0.37 % 1.39 % USD 45.64 -0.04 % 2.47 % FIIs Activity Rs. Cr. MTD YTD Equity in flows 5296.70 72955.60 687147.60 Equity Out flows 3521.20 53730.60 554999.80 Net 1775.50 19225.00 132147.90