Strong & Weak Stocks
This is list of 10 strong stocks:
Jindal Saw, Ispat Ind, Hexaware, Grasim, Hind Zinc, Praj Ind, Bata India, Sesa Goa, Sun Pharma & Cairn.
And this is list of 10 Weak Stocks
LIC Housing, Syndicate Bank, Orbit Corp, Oriental Bank, IOC, HDIL, Dena Bank, Indian Bank, Patel Eng & Andhara Bank.
The daily trend of nifty is in Down trend
NFUT CL 5755 SGX 5756) PRE MARKET CALL FOR 14 JAN TRADE IN GIVEN EXPECTED TRADING RANGE 5710-5790. LEVEL C/F 5842
Gap down Buy SR Transfin @ 730 trgt 755 sl 718
Scripts to watch on 14th Jan. : ACC, Ambujacem, Bhartiatl, Bhel, Bajaj-Auto, DLF, HDFCBank, ICICIBank, Infosys, M&M, Maruti, ONGC, Reliance, RelCap, SBI, TataMotors, TataPower, Tisco, Bajaj-Auto, DrReddy, HDFC, Siemens, SesaGoa,
Break Out !!: Intraday calls On the Basis of Break out System (For Cash Segment only)
Aban Buy above 736 740/744/749/754 stop 722
Aban Sell Below 707 700/695/691/686 stop 722
Break Out !!: HDFCBank Buy above 2165 2174/2184/2194/2504 stop 2143
HDFCBank Sell Below 2124 2115/2107/2096/2083 stop 2143
Infosys Buy above 3231 3245/3255/3269/3281 stop 3205
Infosys Sell Below 3184 3175/3165/3153/3141 stop 3205
Break Out !!: ONGC Buy above 1216 1223/1231/1239/1247 stop 1201
ONGC Sell Below 1185 1179/1171/1163/1153 stop 1201
SBI Buy above 2580 2589/2599/2609/2619 stop 2560
SBI Sell Below 2545 2535/2524/2514/2504 stop 2560
Break Out !!: Nifty Spot Buy above 5785 5800/5820/5840/5855
Nifty Spot Sell Below 5730 5710/5695/5675/5660
| Market Outlook | ||
Yesterday, Nifty fell sharply by 111 points as below expectation results from Infosys Technologies hurt investor's sentiments. Nifty is trading below the short term (20DMA, 50 DMA and 100DMA) moving averages placed at 5,982, 5,995 and 5,947 levels; these levels may act as stiff resistance for upside. Nifty is likely to open on a flat to negative note following mixed cues from global markets. It has an important support in 5,720-5,690 range, If Nifty hold support then short covering may be seen. In case, Nifty breaches 5,690 it may test the lower 200 DMA which stands at 5,597. We can expect a pullback in market from this level or lower support of 5,700 level. On the upside, Nifty could find immediate resistance near 5,820-5,840 level. Technical indicator MACD is crossing the signal line (9 Days Exponential moving average) from the above, which is a bearish indication. However, RSI and Stochastic are staying close to his oversold levels and likely to attract buying sentiment. Strong support for the Nifty is at the 5,700 level and unless that is breached, the outlook remains bullish. | ||
VENKEYS (BUY)
JET AIRWAYS (SELL)
SAIL (SELL)
ORCHID CHEMICALS (SELL)
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| Pivot Levels for Future Segment to be used on 14th January  | |||||||||||||||||||||||||||||||||||||||||
| US markets | ||
| US markets closed marginally lower after a volatile session as investors reacted to mixed batch of economic data. Markets started the day on subdued note as US initial jobless claims unexpectedly rose by 35,000 to 4,45,000 from the previous week's revised figure of 4,10,000. Economists had expected initial claims to slip to 4,05,000 from the 4,09,000 originally reported for the previous week. However, losses were capped after report showed US trade deficit narrowed to USD 38.3 billion in November from a revised USD 38.4 billion in October and against expectation of USD 41.0 billion deficit. Moreover, positive report from real estate sector wherein RealtyTrac said foreclosure filings in December fell 2% sequentially and declined 26% from last year. On corporate front, AIG rose after it said it will conclude its recapitalization process Friday. | ||
| European markets | ||
| European markets ended mixed as financial stocks advanced while retailers and mining shares declined. Retailers fell after Tesco issued a disappointing sales update, saying recent bad weather in the UK caused disruption for customers trying to reach its larger stores. Weaker commodity prices weighed on mining stocks. However, financial stocks rose after Spain sold around EUR 3 billion bonds while Italy sold Euro 6 billion bonds. In important economic news, ECB maintained its key interest rate at a historic low of 1% while Bank of England left its key interest rate unchanged and retained the size of the quantitative easing at GBP 200 billion. | ||
| Indian markets (Prev Day) | ||
| Indian markets closed in the negative zone despite strong global cues as over-heating of domestic economy and inflation related woes dominated investor sentiments. Infosys Technologies led the market lower in early morning session as the company's Q3 December 2010 results fell short of market expectations. Disappointing Infosys results also weighed on other IT stocks. Volatility continued in morning trade as the key benchmark indices hit fresh intraday lows. Interest rate sensitive banking stocks declined ahead of inflation data due on Friday. The key benchmark indices held negative zone in mid-morning session, with BSE Mid-Cap and Small-Cap indices outperforming the Sensex. Markets hit fresh intraday low in afternoon trade led by selling in banking shares. Index heavyweight Reliance Industries dropped in volatile trade. On the sectoral indices, Bank (down 3.53%), IT (down 3.41%) and TECk (down 2.76%) were the major losers, while Realty (up 0.54%) was the only index that closed in positive territory. At the end, Sensex closed at 19,182.82 down by 351.28 points. It touched an intraday high of 19,522.38 and low of 19,136.27. Nifty ended at 5,751.90 down by 111.35 points. It made a high/low of 5,857.75 and 5,736.70 respectively. | ||
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F&O Highlights
¾ Nifty plunged over 100 points and closed at 5,751.90. Nifty January Future ended with premium of 9.35 points at
5,761.25 (LTP). For the coming session 5,840-5,920 level will play resistance for Nifty while on downside 5.710-
5,690 will be support level for Nifty.
¾ There was significant open interest was accumulated on ATM and OTM Call options. Most of the open interest
accretion witnessed in the 5900 and 5800 Calls. On the flip side maximum open interest accretion was seen in 5700
and 5600 Put option. Option concentration suggests a range of 5,700 to 5,840 level.
¾ India volatility Index (VIX) increased significantly by 8.12%, to 23.15 from 21.41. Increase in VIX indicates Nifty is
likely to trade with negative bias in initial hours of next days' trade.
¾ The Put-Call ratio decreased and close at 1 levels. The options concentration has shifted to 5900 Call option.
¾ All the sectoral indices ended in red barring CNX Realty which was up by 0.66% compared to its previous close
followed. Among the laggards Bank Nifty and CNX IT slipped over 3%. Bank Nifty fell 3.70% while CNX IT fell 3.55%
followed by CNX Infra which was down by 0.53%. Significant open interest accumulation was witnessed in Bank Nifty
while shedding of open interest was seen in CNX IT index.
¾ Among stock futures, ITC, GESHIP, SRTRANSFIN and ADANIPOWER saw higher accumulation of open interest
with increase in prices while SYNDIBANK, HEXAWARE, HINDZINC and FEDERALBNK witnessed shedding of open
interest along with decline in prices.
