Market Outlook 9th Dec 2010

Strong & Weak Stocks

This is list of 10 strong Stocks: 

Hexaware, Tata Motors, HCL Tech, Cipla, Dish TV, Dr Reddy, Exide Indus, Hindalco, Gail & Bharti Artl. 

And this is list of 10 Weak futures: 

KS Oils, Ruchi Soya, Welcorp, IRB, Ibrealest, Orbit Corp, India Info, LIC Housing, ALBK & Escorts.

The daily trend of nifty is in Down trend 

• Supp / Resis SPOT/CASH LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5949.60	5995.50	6031.00
		Support	5868.20	5832.70	5786.80
	Sensex	Resistance	19844.21	19991.94	20108.37
		Support	19580.05	19463.62	19315.89

Scripts to watch today : ACC, Bhartiatl, Bhel, BPCL, HCLTech, ICICIBank,  JindalSAW, KotakBank, MM, Maruti, ONGC, Ranbaxy, Reliance, RELInfra,  Sail, SBI, TataMotors, TataPower, Tisco, Wipro

Tip for the day
	AMTEK AUTO (BUY) RSI is at 47 neutral territory showing positive crossover indicating uptrend. Stochastic is moving in oversoldl zone showing positive crossover suggesting upside. MACD is likely to show bullish crossover. The stock has rebounded after undergoing a deep correction and has breached its resistance at 130 levels with good volumes indicating that it will move upwards from here. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 140.15 BUY 142/145/148 135 130/150 HPCL (BUY) RSI is at 35 neutral territory showing positive crossover indicating uptrend. MACD is on the verge of showing positive divergence. Stock next resistance level seems at 420 if its break then stock could risel up to 435. Stochastic is in oversold zone and expecting to go up. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 410.20 BUY 414/420/428 400 380/435 SPICE MOBILITY (SELL) RSI is trading in oversold territory at 30 showing negative crossover. MACD is showing bearish crossover. Stochastic is hovering in deep oversold zone showing negative crossover suggesting downside. Today stock has made new candlestick below 8 and 34 day EMA which is sign of downtrend. CMP Buy/Sell Target Price Stop Loss Support/ Resistance 93.05 SELL 91/89/87 96 85/100
Market Outlook     Yesterday, Nifty opened gap down and momentum on the downside gradually picked up in the later half of the session which dragged down the Nifty to 5,900 level. Immediate bigger support for Nifty now comes at 5,878 and break below 5,878 may drag to Nifty at 5,818(100DMA) again on the downside. Immediate resistance comes at 5,960 and sustaining above will recheck 6,000 again. Indian markets is likely to open on a flat to positive note tracking firm cues from Asian markets. Thereafter, Nifty is likely to consolidate between 5,870-5,960 level. Index Latest 1 D Chg(%) YTD(%) NSE Index (08 Dec 2010) 5903.70 -1.22 13.51 Sensex (08 Dec 2010) 19696.48 -1.19 12.78 Dow Jones Ind. .. (08 Dec 2010) 11372.48 0.12 9.06 Nasdaq Composit.. (08 Dec 2010) 2609.16 0.41 14.98 Hang Seng (08 Dec 2010) 23092.52 -1.43 5.58 Straits Times (08 Dec 2010) 3202.80 0.34 10.53 FTSE 100 (08 Dec 2010) 5794.53 -0.24 7.05 CAC 40 (08 Dec 2010) 3831.98 0.56 -2.65 Sectors Close 1D Chg(%) BSE IT 6231.87 -0.87 BSEPSU 9331.98 -1.13 OILGAS 10464.27 -0.40 Advance Decline Ratio Value(in Cr.) Index 0.11 912.65 SENSEX 0.28 7342.58 NIFTY    SENSEX    NIFTY Top Gainers Close 1D Gain(%) YTD(%) Oil And Natural Gas Corporatio... 1344.45 0.50 14.17 Tata Motors Ltd. 1335.20 0.25 68.46 Hindustan Unilever Ltd. 296.25 0.19 11.90 Top Gainers Close 1D Gain(%) YTD(%) Bharat Petroleum Corporation L... 677.70 2.52 6.63 ACC Ltd. 1010.50 1.37 15.82 Ranbaxy Laboratories Ltd. 567.70 1.35 9.61 Top Losers Close 1D Loss(%) YTD(%) Reliance Communications Ltd. 129.85 -3.21 -24.90 Jaiprakash Associates Ltd. 104.00 -3.12 -29.20 HDFC Bank Ltd. 2280.15 -3.07 34.09 Top Losers Close 1D Loss(%) YTD(%) Axis Bank Ltd. 1251.50 -5.51 26.52 Reliance Capital Ltd. 683.10 -3.47 -20.35 Reliance Communications Ltd. 129.50 -3.47 -24.86 Top Most Active Stocks by value (in Cr) BSE Close %Chg Value(in Cr.) Volume SBI 2865.40 -2.01 287.90 1018467 Tata Motors 1331.90 0.25 93.28 708962 Tata Steel 639.60 -2.49 80.97 1290906 ICICI Bank 1110.30 -0.39 58.21 529085 L&T 2017.75 -1.22 43.80 219284   NSE Close %Chg Value(in Cr.) Volume SBI 2864.50 -2.08 981.93 3475292 Tata Motors 1335.40 0.05 971.99 7396827 Axis Bank 1324.50 -5.51 545.16 4293576 ICICI Bank 1110.50 -0.55 464.85 4225424 RIL 1030.75 -0.99 396.10 3885305   Strike Price Value Price %Chg    Most Active Calls by Contract Value (in Cr) NIFTY ( 30 Dec 2010 ) 6000.00 1136342.61 67.95 48.86 NIFTY ( 30 Dec 2010 ) 6100.00 740128.17 35.15 59.32    Most Active Puts by Contract Value (in Cr) NIFTY ( 30 Dec 2010 ) 5900.00 921408.40 94.25 -36.45 NIFTY ( 30 Dec 2010 ) 5800.00 650831.22 60.35 -39.11    Most Active Future by Contracts Value (in Cr) TATAMOTORS ( 30 Dec 2010 ) - 130536.08 1321.80 0.88 SBIN ( 30 Dec 2010 ) - 114500.12 2827.30 2.19     International News     Australia's unemployment rate declined in November by 0.2% to 5.2%.The Australian Bureau of Statistics reported Thursday that the number of employed Australians increased by 54,600 or 0.5% from October. (RTT News) Members of the Hungarian central bank's monetary council voted 6-1 to hike its key policy rate during its November meeting. In the seven-member committee, central banker Tamas Banfi sought to keep the rate unchanged, while all the other members favored a 25-basis point hike.(RTT News) Japan's economy grew a revised 1.1% in July-September from the previous quarter, exceeding an initial government estimate, but that offered little comfort to policymakers wary of slowing growth in the current quarter. (Reuters)         Domestic News     Telecom equipment manufacturer ZTE Corporation said that it has received an order worth USD 85 million (about Rs 383 crore) from mobile service provider Aircel to build and deploy its advanced 3G network. (The Economic Times) State-owned oil companies may raise petrol prices by Rs 1.50-Rs 2 per litre early next week, while a Rs 2 a litre hike in diesel rates is under the government consideration, a senior official said. (Business Standard) B M Munjal promoted Hero group will buyout the Japanese partner Honda from the world's largest two wheeler producing venture, a deal for which would signed this month. (Business Standard)     Currency Exchange-Rate 1D Chg(%) 1M Chg(%) EUR 59.63 -0.15 % -1.21 % GBP 70.81 0.28 % -1.12 % USD 45.12 0.62 % -2.00 % FIIs Activity Rs. Cr. MTD YTD Equity in flows 3008.90 23382.20 724739.00 Equity Out flows 3428.50 21082.10 591223.00 Net -419.60 2300.10 133516.10

US markets
	US markets ended with modest gains after trading in and out of negative territory most of the day. Government's tax-cut deal lifted hopes for economic growth but sparked a surge in Treasury yields on thoughts of the expanding deficit. President Obama has agreed to expiring tax cuts not just for the middle class but also for higher earners. Commodity prices retreated as dollar gained on hopes of better economic growth and also on concerns that China may raise interest rates. Fall in commodity prices hurt materials, energy and industrial companies.

European markets
	European markets ended mixed as strength in financial stocks countered losses among miners and automakers. French market closed in green after better-than-expected industrial sentiment data. The French industrial sentiment climbed in November to 107 from a revised 104 in October, survey data from the Bank of France showed. However, weak data from Germany and ongoing debt worries pulled other markets down. German exports dropped 1.1% month-on-month to EUR 83.3 billion in October following a 3% increase in September. Some optimism also came from after from M&A front. Private-equity firm Apax is in talks to buy one of its rivals, Danish cleaning company ISS, for USD 8.5 billion.