Strong & Weak Stocks
This is list of 10 strong stocks:
Hexaware, Core Protect, Praj Ind, Ispat Ind, Moser Bear, BalramPur Ch, Wipro, Polaris, Renuka & Sun Pharma.
And this is list of 10 Weak Stocks:
Ibrealest, Recltd, Welcorp, Ashok Ley, UCO Bank, India Info, Pantaloon R, Orbit Corp, Patel Eng & Dena Bank.
The daily trend of nifty is in Up trend
- Supp / Resis SPOT/CASH LEVELS FOR INTRADAY TRADING
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 6010.52 | 6025.03 | 6039.17 |
| Support | 5981.87 | 5967.73 | 5953.22 |
| Sensex | Resistance | 20083.30 | 20141.18 | 20191.95 |
| Support | 19974.65 | 19923.88 | 19866.00 |
Scripts to watch on 29th Dec. : ACC, Bhartiatl, Bhel, DLF, HDFCBank, Hindalco, ICICIBank, KotakBank, L&T, M&M, Maruti, ONGC, Reliance, SBI, TataMotors, TataPower, Tisco, Wipro, Bajaj-Auto, DrReddy, HDFC, Rpower, SesaGoa
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| | Today, market is likely to open on a flat to positive note following mixed clues from global markets. Resistance for Nifty now seems at 6,015-6,025 (50 Days simple moving average) while support stand at 5,980-5,940. On upside if level of 6,025 breached decisively then we could see rise up to the mark of 6,080, on the lower side if level of 5,980 is breached then Nifty could retrace up to support of 5,940 mark. The advance tax numbers were encouraging for the third quarter, clearly reflecting the continued good showing of Indian companies. Therefore, we believe that FII investors will continue to invest in India's as Indian markets increasingly became one of the most attractive destinations in the world. In the near to medium term, US monetary policy and Chinese policy measures to cool down its economy will drive markets. On the individual sector front, Metal, oil and gas and pharma, have seen good addition in this month and we do expect good rollover in the January series whereas IT and auto may face selling pressure in the next series. Technical indicators like MACD, RSI are also supporting its uptrend move. MACD is showing positive divergence, crossing its signal line (9 Days exponential moving average) from the below. RSI has reversed from the oversold zone which indicates positive move may be expected in the market. | |
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| | KPIT CUMMINS (BUY) - RSI is at 52 neutral territory showing positive crossover indicating uptrend.
- Stochastic is moving in overbought zone showing positive crossover.
- MACD is showing bullish crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 141.85 | BUY | 144/147/150 | 137 | 130/155 | PARENTERAL DRUG (BUY) - RSI is at 55 neutral territory showing positive crossover.
- MACD is showing positive divergence.
- Stock next resistance level seems at 295 if its break then stock could rise up to 310.
- Today stock has made new candlestick above 34 day EMA which is sign of uptrend.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 293.20 | BUY | 296/302/308 | 286 | 280/310 |
MANAPPURAM (BUY) - RSI is at 57 level, indicating more buying.
- MACD is showing positive divergence.
- Stochastic is hovering in overbought zone showing positive crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 152.65 | BUY | 154/158/162 | 148 | 140/165 |
HEXAWARE (BUY) - RSI is showing a reversal trend after a sharp correction.
- MACD is likely to show positive divergence.
- Stochastic is at 54 levels and it has given a buy crossover.
- Today stock has made new candlestick above 34 day EMA which is sign of uptrend.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 112.20 | BUY | 114/117/120 | 109 | 102/121 |
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| US markets |
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| | US markets ended flat after a volatile trading session as fall in US housing prices and weaker consumer confidence overshadowed a higher retail sales number. Volumes remained thin as investors once again sidelined from taking fresh positions on the closing of year end. Early in the day, data on US home prices showed a yoy fall of 0.8% in October 2010. Later, report revealed that US consumer confidence decreased to 52.5 in December compared with 54.3 in November. However, sentiments were uplifted after report showed encouraging holiday spending figures. US retail sales, excluding autos, rose 5.5% to USD 584 billion from November 5 through December 24 for the biggest holiday-season increase since 2005. Commodity stocks remained firm following firm commodity prices. | |
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| European markets |
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| | European markets ended flat on a thinly traded day as investors reacted to mixed US economic reports. Rise in crude price above USD 91 a barrel on optimism of higher demand for heating oil coupled with fall in USD lifted energy related stocks. However, Auto stocks fell as investors remained worried about the impact of China's decision to limit vehicle number on Beijing's road. Alcatel-Lucent SA rose 1.8% after it resolved U.S. criminal and civil probes into allegations of bribes. Markets in London remained closed for the second day for a bank holiday. | |
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| Indian markets (Prev Day) |
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| | Markets witnessed a volatile trading session with the benchmark indices opening gap up. These early gains were short lived as the markets nosedived with Oil and Gas leading the onslaught. With lack of news from the western markets due to thin trading and the cold wave, Indian indices were trading with a lot of volitility. Most of the Asian markets opened lower despite the positive industrial output of the Japanese. Mid market trading witnessed ambiguous movement with the the indices frequently breaching and crossing over the 6000 mark several times. With stocks in IT and Realty showing strength, Banking stocks took a hit. Anil Dhirubhai Ambani Group (ADAG) reversed their previous day's losses and supported the markets which ended up flat. IT and real estate stocks were amongst the gainers, whereas banking and Oil & Gas remained the losers. The Nifty ended flat at 5,996 touching an intra-day high of 6,010.90 and a low of 5,982.25. The Sensex also ended flat at 20,025.42 touching an intra-day high of 20,090.41 and a low of 19,981.76. | |
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| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (28 Dec 2010) | 5996.00 | -0.04 | 15.28 | | Sensex (28 Dec 2010) | 20025.42 | -0.02 | 14.66 | | Dow Jones Ind. .. (28 Dec 2010) | 11575.54 | 0.18 | 11.00 | | Nasdaq Composit.. (28 Dec 2010) | 2662.88 | -0.16 | 17.35 | | Hang Seng (28 Dec 2010) | 22621.73 | -0.93 | 3.43 | | Straits Times (28 Dec 2010) | 3183.70 | 0.77 | 9.87 | | CAC 40 (28 Dec 2010) | 3858.72 | -0.09 | -1.97 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6730.62 | 0.29 | | BSEPSU | 9235.83 | -0.46 | | OILGAS | 10529.67 | -0.74 | | | Advance Decline Ratio | Value(in Cr.) | Index | | 1.73 | 518.54 | SENSEX | | 1.63 | 3636.15 | NIFTY | |
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| SENSEX | NIFTY | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | HDFC Bank Ltd. | 2257.10 | 2.02 | 32.74 | | Tata Power Company Ltd. | 1334.30 | 1.75 | -3.17 | | Reliance Communications Ltd. | 139.20 | 1.72 | -19.49 | | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Suzlon Energy Ltd. | 52.05 | 2.66 | -42.39 | | Ranbaxy Laboratories Ltd. | 589.95 | 2.63 | 13.90 | | HDFC Bank Ltd. | 2256.15 | 1.92 | 32.54 | | | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Tata Motors Ltd. | 1267.70 | -2.53 | 59.94 | | ICICI Bank Ltd. | 1113.70 | -0.92 | 27.18 | | State Bank of India | 2727.05 | -0.90 | 20.16 | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Tata Motors Ltd. | 1268.90 | -2.47 | 60.31 | | Axis Bank Ltd. | 1288.90 | -2.10 | 30.30 | | ICICI Bank Ltd. | 1111.85 | -1.22 | 26.78 | |
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Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2751.85 | -0.90 | 78.60 | 287107 | | RIL | 1055.10 | -0.75 | 61.79 | 588776 | | Tata Motors | 1300.60 | -2.53 | 55.36 | 432890 | | RCOM | 136.85 | 1.72 | 53.89 | 3837546 | | Tata Steel | 663.65 | 0.17 | 38.05 | 570947 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | Tata Motors | 1301.10 | -2.47 | 461.71 | 3609994 | | SBI | 2751.20 | -0.83 | 267.30 | 976433 | | RIL | 1055.25 | -0.70 | 212.57 | 2024641 | | ICICI Bank | 1125.55 | -1.22 | 172.32 | 1544960 | | RCOM | 137.00 | 1.75 | 165.74 | 11806512 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 6000.00 | 1045863.27 | 36.80 | 16.03 | | NIFTY ( 30 Dec 2010 ) | 6100.00 | 764747.00 | 5.15 | 47.57 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 6000.00 | 1059658.89 | 24.35 | 32.24 | | NIFTY ( 30 Dec 2010 ) | 5900.00 | 616916.07 | 6.30 | 73.81 | | | Most Active Future by Contracts Value (in Cr) | | TATAMOTORS ( 30 Dec 2010 ) | - | 66827.51 | 1271.15 | 2.27 | | RELIANCE ( 30 Dec 2010 ) | - | 56897.50 | 1050.95 | 0.60 | |
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| | International News | | | | | - Swiss consumer spending weakened again in November after a modest improvement in the previous month as business activity in the retail sector deteriorated. The UBS bank that its consumption indicator dropped 0.08 points to 1.63 in November after stabilizing in October. The fall is primarily attributable to the deterioration of business activity in the traditionally volatile retail sector. (RTT News)
- China's Finance Ministry announced that it will end tax incentives for small cars in 2011. Effective from January 1, a sales tax of 10% will be imposed on cars with engines of 1.6 liters or less. This will end a relatively lower rate of 7.5% in place this year. (RTT News)
- China, which supplies over 90% of rare earth metals to global markets announced 11.4% cut in exports for the next year. The government has set its first round of 2011 rare earth export quotas at 14,446 tonnes which is 11% less than the previous year. (Economic Times)
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| Domestic News | | | | | - A big banking fraud was uncovered at the Gurgaon branch of Citibank that saw a bank employee fraudulently diverting an estimated Rs 400 crore from 20 accounts of high-networth clients. (Business Standard)
- The government is likely to usher in the New Year with some important policy reforms. Important foreign direct investment (FDI) policy announcements is likely to be made in January 2011, reports CNBC-TV18 quoting sources. (MoneyControl)
- Steel tycoon Lakshmi N Mittal and Hindustan Petroleum Corp Ltd (HPCL) plan to sell a 10-per cent stake each in the under-construction Bhatinda Refinery in a public offering in Q4 of 2011 to raise Rs 1,000-1,500 crore. (Business standard)
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 59.75 | 0.72 % | -1.01 % | | GBP | 69.89 | 0.26 % | -2.41 % | | USD | 45.17 | 0.04 % | -1.89 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | Equity in flows | 1061.10 | 57068.10 | 758424.90 | | Equity Out flows | 794.80 | 58125.30 | 628266.20 | | Net | 266.30 | -1057.20 | 130158.80 | | |
