Tuesday, January 11, 2011

Market Outlook 11th Jan 2011

Strong & Weak  futures 

This is list of 10 strong future: Jindal Saw, Hexaware, Glaxo, Ispat Ind, Hind Zinc, HCL Tech, Indian Hotel, Bata India, Tata Power & Infosys. And this is list of 10 Weak futures: Syndicate Bank, JSW Steel, Indian Bank, Yes Bank, TVS Motor, Bajaj Auto, LIC Housing, Orbit Corp, Indus Ind Bk & HDIL.

The daily trend of nifty is in Down trend


Indices Supp/Resis1 23
Nifty Resistance 5866.425969.98 6032.72
Support 5700.125637.38 5533.82
Sensex Resistance 19576.89 19929.66 20138.89
Support 19014.89 18805.66 18452.89


Scripts to watch on 11th  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,

APOLLO HOSPITAL (BUY)

  • MACD is showing positive divergence.
  • RSI is showing a reversal trend after a sharp correction.
  • Stochastic is moving in neutral territory showing positive crossover also indicating upside.
CMP Buy/SellTarget Price Stop Loss Support/ Resistance

473.65

BUY

479/486/494

464

440/520

UNITED BREWERIES (BUY)

  • RSI is at 57 neutral territory showing positive crossover indicating uptrend.
  • MACD is above zero line with a positive divergence.
  • Stochastic is at 30 levels and it has given a buy crossover.
CMP Buy/SellTarget Price Stop Loss Support/ Resistance

495.90

BUY

500/510/520

485

460/550

PATNI (BUY)

  • RSI is showing positive crossover supported with volume indicating further upside.
  • MACD is likely to cross its signal line from below.
  • The stock has rebounded after undergoing a deep correction and has breached its resistance at 480 levels with good volumes indicating that it will move upwards from here.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

464.10

BUY

469/476/485

455

425/500

EICHER MOTORS (SELL)

  • RSI is moving into oversold territory at 30 level showing negative crossover.
  • Stock is trading below 08 day and 34 day EWMA and showing correction.
  • MACD is on the verge of showing bearish crossover.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

1,106.30

SELL

1,095/1,080/1,060

1,125

1,000/1,170


US markets
 
 US stocks ended mixed on renewed concerns about European debt crisis and corporate news pulled sentiment in opposite directions. Meanwhile, news on the merger and acquisition front helped the markets recover from their early lows. A lack of economic news gave investors the opportunity to focus on other market drivers, while earnings season kicked off with the release of Alcoa results after the closing bell. In corporate news, Johnson & Johnson fell after Sky News reported that hip and knee replacements maker Smith & Nephew rejected a USD 10.9 billion takeover offer from J&J. On the other hand, Sara Lee moved up after reports suggested that Brazilian meat processor JBS may make a revised offer for the company. Reports also suggested that buyout firms led by Apollo are planning to make an offer. Meanwhile, electric utility Duke Energy signed an agreement to buy smaller rival Progress Energy in an all-stock deal worth over USD 13 billion.  
 
    European markets
 
 European stocks closed lower for a second straight session on sovereign debt concerns amid rising borrowing costs for Portugal and Greece, and reports that France and Germany are pressuring Portugal to accept a rescue package from the EU and IMF. In economic news, an indicator of euro-zone investor confidence improved in January. In France, a release from statistical office Insee showed industrial production rose 2.3% month-on-month, and 5.3% on an annual basis, in November. French manufacturing production grew 2.2% month-on-month in November, after a 0.9% drop in the previous month. Meanwhile, construction output fell 1.3% in the month following a 0.7% drop in October.  
 
    Indian markets (Prev Day)
 
 The domestic market today continued its bloodbath rally for the second consecutive day on concern of an interest rate hike by the Reserve bank of India in order to lower the high inflation figures. Moreover, the expectation of postponing the new Goods and Service Tax (GST) due to continued parliamentary disruption, which is supposed to be rolled out before April 2012, also hampered the investors' sentiments. Weakness persisted since the initial bell tracking the negative global markets. Soon after the negative opening, the domestic market managed to show some signs of recovery by paring most of its initial losses but that was shortlived and the market kept on declining southwards on constant selling pressures. No sign of recovery was seen after that and the market continued to plunge as the day progressed with the benchmark Nifty breaking the 5,850 level first and the 5,750 mark towards the end. The selling pressures were ignited as RBI governor over the weekend said that the status quo maintained by the central bank in the policy rates at the last policy review should be interpreted only as a comma and not a full stop, indicating further monetary tightening. Finally the broader indices closed with heavy losses as it tumbled deep into the negative terrain near their respective intraday lows. On the sectoral front, realty, capital goods, consumer durables and bankex space played the major spoilsport during the trade, which led to the significant fall of the market. At the end, Sensex closed at 19,224.12 down by 467.69 points. It touched an intraday high of 19,720.43 and low of 19,158.43. Nifty ended at 5,762.85 down by 141.75 points. It made a high/low of 5,907.25 and 5,740.95 respectively  
 

IndexLatest1 D Chg(%)YTD(%)
NSE Index (10 Jan 2011) 5762.85 -2.40 -6.06
Sensex (10 Jan 2011) 19224.12 -2.38 -6.27
Dow Jones Ind. .. (10 Jan 2011) 11637.45 -0.32 0.52
Nasdaq Composit.. (10 Jan 2011) 2707.80 0.17 2.07
Hang Seng (10 Jan 2011) 23527.26 -0.67 2.14
Straits Times (10 Jan 2011) 3229.27 -0.98 1.23
FTSE 100 (10 Jan 2011) 5956.30 -0.47 0.96
CAC 40 (10 Jan 2011) 3802.03 -1.64 -0.07
DAX (10 Jan 2011) 6857.06 -1.31 -0.83
SectorsClose1D Chg(%)
BSE IT 6669.28 -0.17
BSEPSU 8885.02 -2.52
OILGAS 10204.12 -3.09
Advance Decline RatioValue(in Cr.)Index
0.07 1198.78 SENSEX
0.06 7920.38 NIFTY
   SENSEX    NIFTY
Top GainersClose1D Gain(%)YTD(%)
Infosys Technologies Ltd. 3396.65 0.90 -1.40
Bharti Airtel Ltd. 338.85 0.04 -5.45
Top GainersClose1D Gain(%)YTD(%)
ACC Ltd. 1016.10 1.38 -5.53
Infosys Technologies Ltd. 3395.75 0.74 -1.37
Bharti Airtel Ltd. 339.10 0.18 -5.49
Top LosersClose1D Loss(%)YTD(%)
HDFC Bank Ltd. 2154.90 -5.00 -8.17
Bharat Heavy Electricals Ltd. 2181.50 -4.76 -6.16
Housing Development Finance Co... 653.60 -4.44 -10.21
Top LosersClose1D Loss(%)YTD(%)
HDFC Bank Ltd. 2152.25 -5.16 -8.27
Kotak Mahindra Bank Ltd. 412.90 -5.12 -8.98
Hindalco Industries Ltd. 222.10 -4.80 -10.08
Top

Most Active Stocks by value (in Cr)

BSEClose%ChgValue(in Cr.)Volume
SBI 2599.85 -2.00 253.60 979317
Tata Steel 660.90 -1.54 127.03 1933412
ICICI Bank 1048.00 -3.22 98.00 951192
Tata Motors 1189.50 -0.95 91.88 775429
L&T 1847.70 -3.53 89.99 503641
 
NSEClose%ChgValue(in Cr.)Volume
SBI 2600.95 -2.07 765.68 2954719
ICICI Bank 1049.20 -3.35 670.29 6510410
Tata Motors 1190.20 -1.13 564.24 4764220
RIL 1065.40 -3.00 443.81 4223855
InfosysTechn 3370.75 0.74 441.59 1298801
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 5900.00 1427361.68 53.90 100.19
NIFTY ( 27 Jan 2011 ) 6000.00 1281184.51 29.80 115.60
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 5800.00 1600311.25 126.40 -50.24
NIFTY ( 27 Jan 2011 ) 5700.00 1305357.66 83.65 -53.38
   Most Active Future by Contracts Value (in Cr)
SBIN ( 27 Jan 2011 ) - 141414.22 2556.40 2.20
TATAMOTORS ( 27 Jan 2011 ) - 105563.14 1174.80 1.59
    International News
 
 
  • The pace of growth in emerging markets quickened in the fourth quarter of 2010 due to a rebound in manufacturing. HSBC's emerging markets index (EMI), based on 21 purchasing managers' surveys (PMI) in 16 emerging countries, rose to 55.7 in October-December 2010 from a five-quarter low of 54.2 hit in the preceding three months. (Reuters)
  • UK house prices declined in December for a second month. House prices decreased 1.3% between November and December to GBP 162,435 after easing 0.2% in November. On an annual basis, prices in December were 1.6% lower as measured by the average for the latest three months against the same period a year earlier. Prices in the three months to December were 0.9% lower than in the preceding three months. (RTT News)
  • Eurozone investor confidence rose in the first month of 2011, reflecting improvements in both current conditions and expectations indexes. An indicator of investor sentiment rose to 10.6 in January from 9.7 in December. (RTT News)
 
 
    Domestic News
 
 
  • Mahindra & Mahindra Financial Services, the financial services arm of M&M, said that it has entered into a joint venture agreement with US-based De Lage Landen Financial Services Inc (DLLFS). Under the agreement, DLLFS -- a wholly-owned subsidiary of Rabobank Group -- and Mahindra Finance USA LLC will set up a joint venture company to provide wholesale inventory financing services to US-based dealers for the purchase of Mahindra & Mahindra's products, Mahindra & Mahindra Financial Services informed the Bombay Stock Exchange. (Business Standard)
  • Indian exports are back on track and exporters are confident that they will be able to sustain the recent momentum in exports. Ramu S Deora, president of Federation of Indian Export Organisations claims that by 2015, exports from the country could be well above USD 500 billion. (MoneyControl)
  • Beverage major Coca-Cola has joined hands with the Indian School of Business (ISB) to set up a retail academy at the latter's campus here, officials said on Monday. The Coca-Cola Indian School of Business retail academy will offer a six-month programme to train mid-level professionals in retail management. (Sify Finance)
 
 
CurrencyExchange-Rate1D Chg(%)1M Chg(%)
EUR 58.63 -0.51 % -1.97 %
GBP 70.61 0.82 % 1.91 %
USD 45.44 0.15 % 1.41 %
FIIs ActivityRs. Cr.MTDYTD
Equity in flows 2430.50 15803.60 15803.60
Equity Out flows 3395.10 15250.70 15250.70
Net -964.60 552.90 552.90