Strong & Weak Stock
This is list of 10 strong stocks:
Lupin, Indus Ind Bank, Chambal Fert, Dr Reddy, GE Shipping, Dish TV, Hero Honda, TCS, Bharti Artl & TVS Motors.
And this is list of 10 Weak stocks
Orbit Corp, Hind Const, LIC Housing, HDIL, India Info, Ibrealest, Unitech, RCOM, Finan Tech & DCHL.
The daily trend of nifty is in Down trend
Scripts to watch today : ACC, Bhartiatl, Biocon, BPCL, DLF, Hindalco, LT, ONGC, Ranbaxy, Reliance, Sail, SBI, TataMotors, TataPower, Tisco, Wipro
| KIRI DYES CHEMICALS (BUY) - Stock already crossed 34 Day EWMA and expecting to rise further.
- Stochastic is hovering in neutral zoneshowing positive crossover suggesting upside.
- MACD is likely to show bullish crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 513.50 | BUY | 520/530/540 | 504 | 460/550 | BGR ENERGY (BUY) - RSI is at 43 neutral territory showing positive crossover indicating uptrend.
- MACD is likely to show positive divergence.
- Today stock has made new candlestick above 34 day EMA which is sign of uptrend.
- Stochastic is moving in neutral territory showing positive crossover also indicating upside.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 690 | BUY | 697/705/715 | 680 | 650/720 |
RASHTRIYA CHEMICALS AND FERTILIZERS (BUY) RSI is at 46 likely to show positive crossover.MACD is likely to show positive divergence. Stochastic is trading in over sold territory at 27 on the brink of entering into positive territory.| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 105.85 | BUY | 107/110/113 | 102 | 90/120 |
JINDAL POLY (BUY) - RSI is at 34 showing positive crossover indicating uptrend.
- Stochastic is trading in over sold territory at 34 showing positive crossover.
- Stock is trading above 8 EWMA and showing uptrend.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 470.15 | BUY | 475/482/490 | 460 | 420/525 | | |
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- Supp / Resis SPOT/ CASH LEVELS FOR INTRADAY
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5863.87 | 5897.73 | 5952.32 |
| Support | 5775.42 | 5720.83 | 5686.97 |
| Sensex | Resistance | 19514.40 | 19623.69 | 19797.30 |
| Support | 19231.50 | 19057.89 | 18948.60 |
| Market Outlook |
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| | Yesterday, Nifty surged almost 80 points and managed to close above 100 day`s SMA placed at 5,778. Nifty is still trading below the short term (20DMA, 50 DMA ) moving averages, would now start acting as resistances. In coming trading session if indices trade convincingly above 5,843 levels then it is likely to test 5,900 levels. Trend reversal can only be confirmed if Nifty trades above 6,067(50DMA) level. On the downside 5,784- 5,750 levels may act as support for the day. Further, Q2 GDP data will be announced today and could have some bearing on the market`s mood. Indian markets is likely to open on a negative note following the weak Asian cues which fell on increasing worries about the European credit crisis, while lingering North Korea tension also made investors cautious. Thereafter Nifty is expected to remain range bound between 5,800 to 5,845 level till the announcement of Q2 GDP data. | |
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| US markets |
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| | US stocks ended lower on continued concerns about the financial stability of Europe even after officials reached an agreement regarding an 85 billion euro financial aid package for Ireland. Also, worries about debt problems in Portugal and Spain contributed to the early weakness. Selling pressure waned not long after the open, however, and stocks moved roughly sideways for much of the day before rebounding going into the close. The market was expected to get a boost following a 6.4% rise in retail sales on Black Friday compared to a year earlier, Oil service and banking stocks helped to lead the way back to the upside, ending the day significantly higher. Meanwhile, notable weakness remained visible among wireless, biotech, and networking stocks. n corporate news, BP Plc announced that it would sell its majority stake in Argentina-based oil and gas firm Pan American Energy to Bridas Corp. for USD 7.06 billion. The transaction is expected to be completed in 2011. | |
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| European markets |
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| | European markets finished with steep losses as a bailout deal for Ireland failed to calm investors, who remain concerned about potential debt issues in Portugal and Spain. Over the weekend, European Union officials agreed to provide Ireland a bailout package of around EUR 85 billion. The nation said it would set aside EUR 35 billion to shore up its troubled banking system. In economic news, the European Commission's economic sentiment indicator for the euro zone improved in November to 105.3- a three-year high from 103.8 in October, and topping the consensus forecast for a reading of 104.9. The Swedish economy expanded 6.9% annually in the third quarter, higher than a 5.4% growth economists had forecast. This follows a 4.5% year-over-year growth in the second quarter. Sequentially, the gross domestic product rose by a seasonally adjusted 2.1% in the third quarter, exceeding expectations for a 1.3% increase. In Spain, retail sales dropped 2.8% in October compared to a year ago, following a 3% decrease in September. | |
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| Indian markets (Prev Day) |
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| | The market kicked off the first session of the week on cheerful note as the domestic bourses rallied smartly led by the Oil&Gas, Banking and IT space, after plunging for the last four sessions during the previous week. The market started off the session in an upbeat mood on the back of strength in Asia after Europe agreed to a bailout for Ireland. The European Union agreed on an 85 billion-euro (USD113 billion) lifeline and scaled back proposals to saddle bondholders with losses in future budget crises, seeking to reverse the market selloff menacing the euro. But soon the Asian bourses started fluctuating as concern rose over the Korean tussle. South Korea's President Lee Myung Bak stated that he would build up South Korea's military and make North Korea pay for any more provocations. The market maintained the morning positive momentum and gained gradually as the day progressed. The benchmark indices never looked weak during the session and post mid session the Nifty surpassed the 5,800 mark and finally closed above the level. In the sectorial front, the Oil&Gas space remained the star performer of the session and closed with a gain of 2.69%. The Banking and IT stocks also gave good support to the upmove and gained by 1.36% & 1.20% respectively. Both the Nifty and Sensex managed to trade above the baseline throughout the session and closed near their respective intraday highs. The NSE Nifty closed above the 5,800 mark, while the BSE Sensex closed above the 19,400 level. |
| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (29 Nov 2010) | 5830.00 | 1.36 | 12.09 | | Sensex (29 Nov 2010) | 19405.10 | 1.40 | 11.11 | | Dow Jones Ind. .. (29 Nov 2010) | 11052.49 | -0.36 | 5.99 | | Nasdaq Composit.. (29 Nov 2010) | 2525.22 | -0.37 | 11.28 | | Hang Seng (29 Nov 2010) | 23166.22 | 1.26 | 5.91 | | Straits Times (29 Nov 2010) | 3158.21 | 0.00 | 8.99 | | FTSE 100 (29 Nov 2010) | 5550.95 | -2.08 | 2.55 | | CAC 40 (29 Nov 2010) | 3636.96 | -2.46 | -7.61 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6081.07 | 1.18 | | BSEPSU | 9133.11 | 0.81 | | OILGAS | 10118.38 | 2.62 | | | Advance Decline Ratio | Value(in Cr.) | Index | | 3.29 | 696.97 | SENSEX | | 3.08 | 6132.15 | NIFTY | |
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| SENSEX | NIFTY | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Reliance Industries Ltd. | 998.20 | 3.70 | -8.37 | | Maruti Suzuki India Ltd. | 1405.05 | 2.95 | -9.91 | | Bharat Heavy Electricals Ltd. | 2155.15 | 2.62 | -10.43 | | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Cairn India Ltd. | 313.60 | 6.67 | 11.15 | | Sesa Goa Ltd. | 311.55 | 4.01 | -24.16 | | Ranbaxy Laboratories Ltd. | 566.75 | 3.81 | 9.42 | | | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Reliance Infrastructure Ltd. | 823.30 | -3.17 | -28.22 | | Reliance Communications Ltd. | 127.70 | -2.00 | -26.14 | | Tata Steel Ltd. | 592.95 | -0.89 | -3.99 | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Reliance Infrastructure Ltd. | 823.60 | -3.54 | -28.18 | | Power Grid Corporation of Indi... | 93.85 | -2.70 | -14.80 | | Reliance Communications Ltd. | 127.70 | -2.15 | -25.91 | |
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| Top |
Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2858.85 | 0.73 | 137.51 | 478335 | | RIL | 962.55 | 3.70 | 96.09 | 972196 | | Tata Steel | 598.25 | -0.89 | 79.57 | 1342354 | | Tata Motors | 1166.50 | 1.67 | 46.26 | 394316 | | ICICI Bank | 1124.85 | 2.60 | 45.14 | 392543 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2862.75 | 0.59 | 533.34 | 1855093 | | RIL | 962.35 | 3.75 | 529.04 | 5350926 | | ICICI Bank | 1124.15 | 2.68 | 429.56 | 3736399 | | Tata Steel | 598.80 | -1.16 | 339.31 | 5725583 | | Tata Motors | 1166.45 | 1.68 | 263.67 | 2245153 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 6000.00 | 583550.14 | 63.65 | -16.26 | | NIFTY ( 30 Dec 2010 ) | 5900.00 | 543275.41 | 104.90 | -17.25 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 5700.00 | 545942.58 | 80.80 | 38.00 | | NIFTY ( 30 Dec 2010 ) | 5800.00 | 513935.46 | 115.55 | 33.58 | | | Most Active Future by Contracts Value (in Cr) | | LICHSGFIN ( 30 Dec 2010 ) | - | 81385.45 | 956.35 | -2.27 | | SBIN ( 30 Dec 2010 ) | - | 76689.56 | 2886.75 | -0.77 | |
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| | Commodities | | | | | Continued worries on European sovereign debt crisis and sharp decline in euro pushed gold prices higher. Crude prices increased on optimism that Cold temperatures in Northeast and Northwest Europe may increase demand for crude. | | | |
| International News | | | | | - Canada's trade deficit with the rest of the world widened more than expected in the third quarter, as imports were up for a fifth quarter, while exports fell for the first time since the second quarter of 2009. The nation's overall current account deficit widened by Canadian USD 4.6 billion to reach a high of Canadian USD 17.5 billion in the third quarter. (RTT News)
- Hungary's central bank Monday unexpectedly hiked its benchmark interest rate by 25 basis points to 5.5%, as inflation remains persistently above the bank's target. The bank also noted that it may be necessary to increase the base rate further in the coming months to meet the inflation target. (RTT News)
- GlaxoSmithKline Plc increased its stake in Theravance Inc to 19%, marking a vote of confidence in the US biotech firm with which it is developing a key new respiratory drug. GSK and Theravance are working together on a treatment called Relovair for asthma and chronic obstructive pulmonary disease, which the British drugmaker hopes will be a successor to its top-selling 5-billion-pounds-a-year Advair treatment. (Economic Times)
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| Domestic News | | | | | - Mahindra & Mahindra Financial Services has decided to raise up to Rs 570 crore through institutional placement of equities to increase authorised capital to Rs 190 crore and expand business. (Business Standard)
- The government is seeking Rs 8,000-10,000 crore (USD 1.75 billion to USD 2.18 billion) in additional subsidies for financial year ending in March and is likely to decontrol urea pricing in the year, fertiliser secretary Sutanu Behuria told reporters. (Economic Times)
- Four Soft has bagged an IT deal with Netherlands based Dammes Laban for an undisclosed amount. Rajsekhar Roy, CEO of Four Soft, in an exclusive interview on CNBC-TV18, said the order is based on licenses of their products plus certain services. (Moneycontrol)
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 60.66 | -0.30 % | -1.86 % | | GBP | 71.52 | -0.51 % | 0.84 % | | USD | 45.81 | 0.15 % | 2.85 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | Equity in flows | 4359.20 | 83790.60 | 697982.60 | | Equity Out flows | 5031.10 | 65769.70 | 567038.90 | | Net | -671.90 | 18020.90 | 130943.80 | | |
