Thursday, January 6, 2011

Market Outlook 6th Jan 2011

Scripts to watch on6th Jan. : ACC, Bhartiatl,  Bhel, BPCL, Bajaj-Auto, DLF, HDFCBank,  ICICIBank, IDFC,  L&T, M&M, Maruti, ONGC, Reliance, SBI, TataMotors, TataPower, Tisco,  Bajaj-Auto, DrReddy, HDFC,  SesaGoa,

Strong & Weak 
This is list of 10 strong 
Hexaware, Praj Ind, Bata India, Jindal Saw, Polaris , Hind Oil, Hind Uni Lvr, Sesa Goa, Isptat Ind & Alok Ind. 
And this is list of 10 Weak 
Recltd, Indian Bank, Oriental Bank, Canara Bank, Bajaj Auto, Federal Bank, UCO Bank, Syndicate Bank, BPCL & Dena Bank.
The daily trend of nifty is in Up trend 

  • Supp / Resis SPOT/ CASH LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 6126.656173.50 6205.65
Support 6047.656015.50 5968.65
Sensex Resistance 20459.38 20617.67 20725.38
Support 20193.38 20085.67 19927.38

   Market Outlook
 
 

Yesterday, Nifty declined by 66.50 and closed at its important support level of 6,080. In coming days, market is likely to consolidate in the range of 6,020-6,180 with a strong support of 6,000 level. Today, market is likely to open on flat to positive note following positive clues from global markets. Asian stocks were mostly higher as strong data on US private-sector jobs lifted investor's sentiments. Resistance for Nifty now seems at 6,130-6,180. On upside if level of 6,130 breaches decisively then we could see rise up to the mark of 6,180. On downside, the first support will be 6,050, followed by the 6,020. Volatility index, which is hovering around 15-17, is expected to shoot up to 20-21 in the coming days.

Nifty has drifted below 61.8% Fibonacci retracement level and now likely to take support at 50% level which stands at 6,020 level. Further, RSI (14) for the day is at 55.54 levels and MACD is above the signal line, thus combined together they are giving the signal that market may remain sideways for some time before taking a clear direction.

 
 
    Tip for the day
 
 

FINPIPE (BUY)

  • MACD is showing positive divergence.
  • Stock next resistance level seems at 105 if its break then stock could rise up to 110.
  • Stock is moving above 34 day EMA which is sign of uptrend.
  • RSI is at 55 level, indicating more buying.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

101.95

BUY

103/106/109

99

90/110

JINDAL WORLD (BUY)

  • RSI is close to the overbought zone at the level of 69 and indicating uptrend.
  • MACD is above zero line with a positive divergence.
  • Stock close to near 52 week high expecting breakout in tomorrow session.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

348.25

BUY

352/358/365

340

310/380

GUJARAT FLUROCHEMICALS (BUY)

  • RSI is showing a reversal trend after a sharp correction.
  • MACD is likely to show bullish crossover..
  • Stock making ascending triangle pattern which is sign of bull trend.
CMP Buy/SellTarget Price Stop Loss Support/ Resistance

229.05

BUY

232/236/240

224

210/260

SAIL (SELL)

  • Stochastic is trading in over bought territory at 85 on the brink of entering into negative territory.
  • RSI is at 50 neutral territory showing negative crossover indicating downtrend.
  • MACD has given a sell crossover.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

185.55

SELL

183/180/176

190

160/195

 
 
    US markets
 
 US Stocks were able to post moderate gains as the day's economic data showed private sector job growth that exceeded economist estimates by a wide margin. Nonetheless, sentiment was still cautious ahead of Friday's all-important employment report for December, limiting the upside. Payroll processing firm Automatic Data Processing Inc. (ADP) said private sector employment increased by 297,000 jobs in December, well above economist expectations for an increase of 97,000 jobs. Airline and housing stocks were among the day's strongest percentage gainers in the markets. Banking, networking, electronic storage and oil service stocks also closed markedly higher y, further driving the solid gains by the major averages. Thursday, data on jobless claims is likely to be in focus ahead of Friday's all-important monthly employment report.  
 
    European markets
 
 European markets closed on a mixed note, with better-than-expected private jobs data from the US helping stocks trim steeper early losses. Private-sector activity in the euro zone continued to grow at a steady pace in December, as indicated by the Markit Composite Output Index that held steady at 55.5, staying above the earlier flash estimate of 55. Weak metal prices dented mining stocks, while energy shares moved higher tracking a rebound in crude oil prices. Lenders also gained some ground. Metal prices extended weakness amid a stronger greenback  
 
IndexLatest1 D Chg(%)YTD(%)
NSE Index (05 Jan 2011) 6079.80 -1.08 -0.89
Sensex (05 Jan 2011) 20301.10 -0.96 -1.01
Dow Jones Ind. .. (05 Jan 2011) 11722.89 0.27 1.26
Nasdaq Composit.. (05 Jan 2011) 2702.20 0.78 1.86
Hang Seng (05 Jan 2011) 23757.82 0.38 3.14
Straits Times (05 Jan 2011) 3254.25 0.12 2.01
FTSE 100 (05 Jan 2011) 6043.86 0.50 2.44
CAC 40 (05 Jan 2011) 3904.61 -0.29 2.62
DAX (05 Jan 2011) 6939.82 -0.51 0.37
SectorsClose1D Chg(%)
BSE IT 6843.58 0.34
BSEPSU 9361.88 -1.06
OILGAS 10688.10 -0.44
Advance Decline RatioValue(in Cr.)Index
0.25 921.81 SENSEX
0.32 6606.21 NIFTY
   SENSEX    NIFTY
Top GainersClose1D Gain(%)YTD(%)
Hindustan Unilever Ltd. 325.65 1.43 4.27
ITC Ltd. 179.90 1.38 3.09
Hindalco Industries Ltd. 246.55 1.36 0.22
Top GainersClose1D Gain(%)YTD(%)
HCL Technologies Ltd. 472.35 2.43 3.53
Sesa Goa Ltd. 342.00 1.85 4.09
GAIL (India) Ltd. 528.80 1.58 3.15
Top LosersClose1D Loss(%)YTD(%)
Bajaj Auto Ltd. 1377.80 -3.69 -10.62
Hero Honda Motors Ltd. 1904.05 -3.60 -4.13
DLF Ltd. 281.90 -3.28 -3.44
Top LosersClose1D Loss(%)YTD(%)
Bajaj Auto Ltd. 1374.50 -3.87 -10.80
Hero Honda Motors Ltd. 1903.40 -3.84 -4.26
DLF Ltd. 281.85 -3.36 -3.46
Top

Most Active Stocks by value (in Cr)

BSEClose%ChgValue(in Cr.)Volume
SBI 2733.60 -1.33 195.96 725695
RIL 1076.55 -0.25 127.54 1179976
Tata Steel 694.50 -1.94 93.71 1368775
L&T 1971.20 -2.07 62.58 320906
ICICI Bank 1104.10 -3.08 58.88 547478
 
NSEClose%ChgValue(in Cr.)Volume
SBI 2735.60 -1.55 680.60 2521312
RIL 1077.10 -0.12 641.30 5930189
ICICI Bank 1104.05 -3.14 570.75 5307600
Tata Steel 694.70 -1.98 337.62 4927314
L&T 1975.60 -2.38 282.61 1449534
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 6200.00 1004069.58 54.20 35.15
NIFTY ( 27 Jan 2011 ) 6100.00 727240.39 98.95 28.90
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 6100.00 932897.67 94.35 -27.13
NIFTY ( 27 Jan 2011 ) 6000.00 711210.85 57.65 -28.71
   Most Active Future by Contracts Value (in Cr)
SBIN ( 27 Jan 2011 ) - 94999.56 2713.05 1.54
RELIANCE ( 27 Jan 2011 ) - 90839.75 1080.05 0.09
    International News
 
 
  • Brazilian service sector continued to expand in December, but at a slower pace than in the previous month. The headline business activity index fell to 51.9 in December from 52.1 in November, signaling a milder increase in Brazilian service sector. (RTT News)
  • Hyundai Motor Group , South Korea's second-largest business group, plans to invest 12 trillion won (USD 10.7 billion) this year. The amount represented an increase of 15% from the group's investment in 2010. The group includes Hyundai Motor , Kia Motors Corp and Hyundai Steel. (Economic Times)
  • The British construction sector contracted unexpectedly in December, ending a nine-month period of growth. The seasonally adjusted Markit/Chartered Institute of Purchasing & Supply Purchasing Managers' Index fell to 49.1 in December from 51.8 in November. (RTT News)
 
 
    Domestic News
 
 
  • Vijaya Mallya-owned Kingfisher Airlines is facing a shortage of commanders as a good number of them have left and joined other carriers in the last 18 months. CNBC-TV18 has reported that almost 168 pilots quit in the last 18 months. Around 72 commanders quit in the last 18 months. (MoneyControl)
  • Tata Motors has missed the target of delivering by 2010 its small car Nano to the first 1 lakh customers, who booked through a lottery system as many buyers decided against taking immediate deliveries. (Business Standard)
  • India's central bank is expected to raise key rates by at least 25 basis points by the end of this month to tackle rising inflationary pressures, while analysts expect a total of 75 basis points increase in rates in 2011. (Economic Times)
 
 
CurrencyExchange-Rate1D Chg(%)1M Chg(%)
EUR 59.99 0.33 % 0.30 %
GBP 70.27 1.37 % 1.42 %
USD 45.20 0.80 % 0.87 %
FIIs ActivityRs. Cr.MTDYTD
Equity in flows 3382.20 6839.10 6839.10
Equity Out flows 2602.90 5015.50 5015.50
Net 779.30 1823.60 1823.60