Tuesday, December 28, 2010

Break Out !!: Intraday calls On the Basis of Break out System (For Cash Segment only)       
BombayDying Buy above 517 522/527/533/539 Stop 508 
BombayDying Sell Below 496 493/490/483/478 Stop 508 

Break Out !!: Cipla Buy above 374 376/379/383/387 Stop 370 
Cipla Sell Below 365 363/361/356/352 Stop 370 

Cairn Buy above 335 338/340/343/347 Stop 332 
Cairn Sell Below 326 323/320/318/315 Stop 332 

Break Out !!: SesaGoa Buy above 324 327/329/332/336 Stop 320 
SesaGoa Sell Below 314 311/308/305/301 Stop 302 

Sterlite Buy above 182 184/186/188/190 Stop 179 
Sterlite Sell Below 177 176/174/172/170 Stop 179 

Market Outlook 28th Dec 2010

Strong & Weak Stocks
This is list of 10 strong stocks: 
Core Protect, Praj Ind, Ispat Ind, Hexaware, Mphasis, BalramPur Ch, Renuka, Wipro, Hindalco & Sun Pharma. 
And this is list of 10 Weak stocks
Ibrealest, Recltd, Welcorp, India Info, Pantaloon R, Orbit Corp, Ashok Leyland, UCO Bank, United Phosp & Patel Eng.
The daily trend of nifty is in Up trend 

  • Supp / Resis SPOT/CASH LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 6032.206066.30 6086.85
Support 5977.555957.00 5922.90
Sensex Resistance 20142.60 20256.26 20322.40
Support 19962.80 19896.66 19783.00

Scripts to watch on 28th Dec. : ACC, Bhartiatl,  Bhel, DLF, HDFCBank, Hindalco, ICICIBank, KotakBank, L&T, M&M, Maruti, ONGC, Reliance, Sail, SBI, TataMotors, TataPower, Tisco, Wipro

Tip for the day
 
 

VENKEYS (BUY)

  • RSI is at 60 neutral territory showing positive crossover indicating uptrend.
  • Stochastic is moving in overbought zone showing positive crossover.
  • MACD is showing bullish crossover.
  • The stock has rebounded after undergoing a deep correction and has breached its resistance at 730 levels with good volumes indicating that it will move upwards from here.

  • CMP Buy/Sell Target PriceStop Loss Support/ Resistance

    733.45

    BUY

    740/750/760

    720

    650/780

    GOKUL (BUY)

    • RSI is at 56 neutral territory showing positive crossover.
    • MACD is showing positive divergence.
    • Stock next resistance level seems at 100 if its break then stock could rise up to 110.
    • Today stock has made new candlestick above 34 day EMA which is sign of uptrend.
    CMP Buy/Sell Target PriceStop Loss Support/ Resistance

    93.5

    BUY

    95/97/99

    90

    85/105

    ASIAN PAINTS (SELL)

    • RSI is in neutral territory at 57 levels and showing negative crossover.
    • Stochastic has also just entered into neutral territory moving downward suggesting further downside.
    • Wide correction is expected.
    • MACD is likely to show bearish crossover.
    CMPBuy/Sell Target PriceStop Loss Support/ Resistance

    2839.70

    SELL

    2810/2770/2730

    2880

    2700/2950

    JUBLIANT FOODWORKS (SELL)

    • RSI is at neutral territory at 58 levels and likely to show negative crossover moving towards oversold territory.
    • Stochastic is moving in overbought territory showing negative crossover also indicating downside.
    • Stock is also on the verge of crossing 34 Day EWMA.
    • MACD is above zero line with a positive divergence and expecting to show negative divergence.
    CMPBuy/Sell Target PriceStop Loss Support/ Resistance

    619.05

    SELL

    613/605/595

    630

    580/650

     
     
    derivatives EOD report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-27-Dec-2010.htm 
        US markets
     
     US stocks ended on mixed note after starting the day lower in reaction to a rate hike by China over the weekend. Trading volume remained low as most of the investors stayed away from their desks with the year winding down and amid a winter storm that continued to blast the northeast. The lack of economic reports and an overall relaxed atmosphere in the midst of the holidays helped to limit reaction to the day's news. In corporate news, NGAS Resources closed substantially higher after agreeing to be acquired by Magnum Hunter Resources in an all stock deal at USD 0.55 per share. Meanwhile, Randgold Resource was under pressure after its announcement that its fourth quarter performance may be negatively impacted by the continuing political impasse in Cote d'Ivoire on its Tongon mine and a below-target contribution from its Loulo complex.  
     
        European markets
     
     European markets closed lower in light trading volume, characteristic of the end of the year holiday period. The UK market remained closed in observance of Christmas. The weak sentiment reflected fears of an interest rate hike announced by China over the weekend. In its continuing attempts to normalize monetary policy as the nation grapples with inflationary pressures and ample liquidity amid robust growth, the People's Bank of China announced Saturday that it is upwardly revising interest rates by 25 basis points. The revised rates will take effect from Sunday and will largely address concerns of overheating and inflation or negative real interest rates.  
     
        Indian markets (Prev Day)
     
     The domestic bourses ended on a disappointing note after starting off the session on a bullish sentiment. The market belled the day's trade on an upbeat note as the benchmark indices witnessed a gap up opening tracking strong global cues. The Asian stocks surged amidst strength in the Japanese market as companies announced business alliance and investors were on a buying spree on hopes of year-end rally. Early gains were seen in domestic indices with Banking and IT taking the lead. This upward trend in the market was short lived when the markets gradually started loosing with metal and banking stocks taking a hit. Mid market trading saw the indices continue their downward trend as the Chinese news intensified with the European markets trading in the red. Anil Ambani's Relaince group found itself on the losing end in the Nifty index. In the end, the Nifty ended on a negative note, touching an intra day high of 6,045.75 and a low of 5,991.10. The Sensex lost 0.22% ending at 20,028.93 touching an intra day high of 20,190.13 and low of 20,010.33. Metal (-1.24%), Realty (-0.8%), Infrastructure (-0.74%). However, consumer durable, Health care and IT stocks were among gainers

    IndexLatest1 D Chg(%)YTD(%)
    NSE Index (27 Dec 2010) 5998.10 -0.22 15.32
    Sensex (27 Dec 2010) 20028.93 -0.22 14.68
    Dow Jones Ind. .. (27 Dec 2010) 11555.03 -0.16 10.81
    Nasdaq Composit.. (27 Dec 2010) 2667.27 0.06 17.54
    CAC 40 (27 Dec 2010) 3862.19 -0.98 -1.88
    SectorsClose1D Chg(%)
    BSE IT 6711.10 0.25
    BSEPSU 9278.19 -0.51
    OILGAS 10607.88 -0.20
    Advance Decline RatioValue(in Cr.)Index
    0.67 463.31 SENSEX
    0.72 3459.44 NIFTY
       SENSEX    NIFTY
    Top GainersClose1D Gain(%)YTD(%)
    Cipla Ltd. 369.15 1.47 10.00
    Tata Power Company Ltd. 1311.40 0.81 -4.83
    Bajaj Auto Ltd. 1454.80 0.64 65.16
    Top GainersClose1D Gain(%)YTD(%)
    Ambuja Cements Ltd. 144.15 2.31 38.27
    Cipla Ltd. 370.10 1.76 10.46
    Sesa Goa Ltd. 320.05 1.23 -22.09
    Top LosersClose1D Loss(%)YTD(%)
    Reliance Communications Ltd. 136.85 -3.56 -20.85
    Sterlite Industries (India) Lt... 179.25 -3.00 -16.79
    Reliance Infrastructure Ltd. 797.60 -2.11 -30.46
    Top LosersClose1D Loss(%)YTD(%)
    Steel Authority of India (SAIL... 177.35 -4.03 -26.62
    Reliance Communications Ltd. 137.00 -3.49 -20.51
    Sterlite Industries (India) Lt... 179.30 -3.05 -16.95
    Top

    Most Active Stocks by value (in Cr)

    BSEClose%ChgValue(in Cr.)Volume
    SBI 2754.90 -0.11 74.87 271702
    Tata Steel 673.35 -1.44 45.15 675974
    RCOM 141.90 -3.56 43.83 3166087
    Tata Motors 1306.10 -0.42 39.92 305578
    RIL 1059.55 -0.42 29.09 274429
     
    NSEClose%ChgValue(in Cr.)Volume
    SBI 2755.35 -0.15 281.18 1020445
    Tata Motors 1306.15 -0.39 226.07 1729961
    Tata Steel 672.85 -1.53 186.53 2795912
    ICICI Bank 1118.15 0.66 181.17 1604653
    InfosysTechn 3370.15 0.20 156.08 461470
     
    Strike Price Value Price %Chg
       Most Active Calls by Contract Value (in Cr)
    NIFTY ( 30 Dec 2010 ) 6000.00 1138132.15 42.70 40.75
    NIFTY ( 30 Dec 2010 ) 6100.00 953196.24 7.60 107.24
       Most Active Puts by Contract Value (in Cr)
    NIFTY ( 30 Dec 2010 ) 6000.00 1425321.81 32.20 -20.81
    NIFTY ( 30 Dec 2010 ) 5900.00 753431.74 10.95 -19.63
       Most Active Future by Contracts Value (in Cr)
    TATAMOTORS ( 30 Dec 2010 ) - 64620.97 1300.00 0.93
    SBIN ( 30 Dec 2010 ) - 54702.50 2756.15 0.46
        Commodities
     
     Crude Oil prices dipped after briefly hitting its third successive 26-month high, ending a five-day rally after a Chinese rate increase threatened to slow demand and a major East Coast refinery resumed operations. Gold prices regained lost ground, as bargain hunting trickled in after prices dropped about in response to China's interest rate increase.  
     
        International News
     
     
    • Bailed-out insurer American International Group and its unit Chartis Inc signed three separate credit agreements with their lenders, totaling USD 4.3 billion. AIG signed two credit agreements worth USD 1.5 billion each for three years and another for 364 days. (Economic Times)
    • Sony Corp said that it plans to spend 100 billion yen (USD 1.2 billion) to boost its production of image sensors. The company said it will tap the Japanese government's subsidy scheme to help with the investment. (Economic Times)
    • Japan's average household spending fell 0.4% in November from a year earlier to Y 2,84,212, the second consecutive y/y drop, after falling 0.4% in October, as sales of cigarettes, clothing and food declined. (I Market News)
    • Japan's unemployment rate stood at 5.1% in November, unchanged from October. The November jobless rate was still below the record high of 5.6% hit in July 2009, but still well above the 4.2% rate seen at the start of 2009. The number of payroll jobs surged by a seasonally adjusted 1,50,000 month-on-month to 54.81 million, having risen 3,80,000 month-on-month in October. (I Market News)
    • Russia's competition watchdog sees no major issues with PepsiCo`s plan to buy juice and dairy company Wimm-Bill-Dann , Interfax news agency reported on Monday. Earlier this month, US giant PepsiCo said it would buy control of WBD for USD 3.8 billion, one of the biggest acquisitions by a foreign company in Russia, as it looks to emerging markets for growth. (Economic Times)
     
     
        Domestic News
     
     
    • Tata International (TIL) has announced acquiring 76% stake each in Chennai-based firms Bachi Shoes India Pvt Ltd (BSIPL) and Euro Shoe Components Pvt Ltd. However, the financial details were not disclosed by the company. (The Economic Times)
    • NMDC has stopped iron ore shipments from mines in Chhattisgarh after Maoists damaged rail tracks and an engine derailed, an official at the country's largest state-owned producer and police said. (Reuters)
    • The Civil Aviation Ministry has recommended an equity infusion of Rs. 2,000 crore in Air India in the next financial year after the beleaguered national carrier gets Rs. 1,200 crore soon. (The Hindu)
     
     
    CurrencyExchange-Rate1D Chg(%)1M Chg(%)
    EUR 59.32 -0.03 % -1.72 %
    GBP 69.71 -0.31 % -2.66 %
    USD 45.15 -0.18 % -1.93 %
    FIIs ActivityRs. Cr.MTDYTD
    Equity in flows 1233.00 56007.00 757363.80
    Equity Out flows 1197.40 57330.50 627471.40
    Net 35.60 -1323.50 129892.50