Tuesday, January 18, 2011

Market Outlook 18th Jan 2011

Strong & Weak Stocks
This is list of 10 strong stocks: 
Orchid Chem, Petronet, Ispat Ind, TCS, Tata Motors, Grasim, Hind Zinc, Hindalco, Auro Pharma & Titan. 
And this is list of 10 Weak Stocks
LIC Housing, HDFC, Lupin, Bhushan Steel, HCC, Zeel, Sintex, Dabur, Bajaj Auto & IVRCL Infra.
The daily trend of nifty is in Down trend 

  • Supp / Resis SPOT/CASH LEVELS  FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 5778.925903.28 5972.92
Support 5584.925515.28 5390.92
Sensex Resistance 19268.19 19675.93 19904.05
Support 18632.33 18404.21 17996.47

Scripts to watch on 18th Jan. :ACC, Ambujacem, Bhartiatl,  Bhel, DLF, DrReddy, HDFC, HDFCBank, HeroHonda, Hindalco, ICICIBank, Infosys, M&M, Maruti, L&T, ONGC, PNB, Reliance, RelCap, RELInfra, SBI, TataMotors, Tisco, TCS, Sunpharma, SesaGoa,  

  Market Outlook
 
 

Yesterday, Nifty ended volatile session on a flat-to-positive note snapping two-day losing streak. Downside risk for market remains to be high as a breakdown in major support zones (5,710-5,690) in last week could bring more selling pressure.

Today, Nifty is likely to open on a flat note following mixed sentiments from global markets. From here Nifty is likely to test the lower 200 DMA which stands at 5,606 and we can expect a sharp pullback in market from this level. In case of breach below this level, Nifty may check 5,550-5,500 on the downside. On the upside, Nifty could find immediate resistance near 5,700-5,820 level. Above 5,820, short term (20DMA, 50 DMA and 100DMA) moving averages placed at 5,966, 5,984 and 5,948 may act as stiff resistance for upside in near term.

5,550 level was the previous breakout point and from there index touched 6,338 level and thereafter faced a vertical down move. Hence, 5,550 level should act as strong support of Nifty. Further, Technical Indicators RSI and stochastic oscillators is continuously forming lower bottoms and have reached in extreme oversold region. Long positions can be assumed in sectors like telecom, FMCG, IT and pharma from current levels or from lower supports of the Nifty at 5,600 levels. Short positions can be assumed in banking and auto stocks if the Nifty fails to cross 5,700-5,750 levels on the upside. Further, Investor's will be eyeing Q3 results of Exide and Petronet LNG which are due today.


GITANJALI (BUY)

  • Stochastic is at 38 levels and it has given a buy crossover.
  • RSI is at 42 neutral territory showing positive crossover.
  • MACD is likely to show bullish crossover.
  • The stock has rebounded after undergoing a deep correction and has breached its resistance at 190 levels with good volumes indicating that it will move upwards from here.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

196.70

BUY

199/204/210

192

180/230

TCS (BUY)

  • RSI is at 52 neutral territory on the verge of entering into positive crossover.
  • MACD is likely to show bullish trend.
  • Stochastic is moving in neutral territory showing positive crossover also indicating upside.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

1,137.40

BUY

1,150/1,165/1,180

1,120

1,095/1,185

JINDAL WORLDWIDE (BUY)

  • RSI is at 48 neutral territory on the verge of entering into positive crossover.
  • Stochastic is trading near to oversold territory at 24 showing positive crossover
  • Stock already crossed 08 Day EWMA and expecting to rise further.
CMP Buy/Sell Target PriceStop Loss Support/ Resistance

292.95

BUY

296/302/308

286

266/310

BOC INDIA (BUY)

  • RSI is showing a reversal trend after a sharp correction.
  • Stock is also on the verge of crossing 34 Day EWMA.
  • Stock next resistance level seems at 320 if its break then stock could rise up to 340
  • Stochastic is at 23 levels and it has given a buy crossover.
CMPBuy/Sell Target PriceStop Loss Support/ Resistance

315.40

BUY

319/325/330

308

285/332


   US markets
 
 US markets were closed on account of the Martin Luther King Jr holiday.  
 
    European markets
 
 European markets closed modestly lower as investors were reluctant to take position ahead of the outcome of euro-zone finance ministers' meeting to work on a new strategy to contain the sovereign-debt crisis. Mining and banking sectors were weighing on the markets. BHP Billiton and Rio Tinto Group led the mining stocks lower amid concerns that global growth may be stifled by anti-inflation measures. On stock specific action, BP rose after the oil giant announced a share-swap deal with Russia's Rosneft, under which the two companies will also cooperate over drilling in the Arctic Ocean. British engineering firm Smiths soared after it rejected a USD 3.88 billion cash bid approach for its medical services unit.  
 
IndexLatest1 D Chg(%)YTD(%)
NSE Index (17 Jan 2011) 5654.75 0.00 -7.82
Sensex (17 Jan 2011) 18882.25 0.12 -7.93
Hang Seng (17 Jan 2011) 24156.97 -0.52 4.87
Straits Times (17 Jan 2011) 3238.63 -0.23 1.52
FTSE 100 (17 Jan 2011) 5985.70 -0.27 1.45
CAC 40 (17 Jan 2011) 3975.41 -0.20 4.48
DAX (17 Jan 2011) 7078.06 0.03 2.37
SectorsClose1D Chg(%)
BSE IT 6550.19 1.70
BSEPSU 8697.95 -0.44
OILGAS 9943.82 -0.35
Advance Decline RatioValue(in Cr.)Index
0.76 997.41 SENSEX
0.67 6417.27 NIFTY
   SENSEX    NIFTY
Top GainersClose1D Gain(%)YTD(%)
Housing Development Finance Co... 661.75 3.15 -9.09
Infosys Technologies Ltd. 3267.95 2.06 -5.14
Cipla Ltd. 345.90 1.87 -6.49
Top GainersClose1D Gain(%)YTD(%)
Housing Development Finance Co... 663.65 3.41 -8.88
Axis Bank Ltd. 1229.00 2.28 -8.97
Cipla Ltd. 346.80 2.15 -6.22
Top LosersClose1D Loss(%)YTD(%)
Reliance Infrastructure Ltd. 735.70 -7.84 -12.62
Jaiprakash Associates Ltd. 88.45 -5.55 -16.48
Reliance Communications Ltd. 131.80 -4.77 -9.17
Top LosersClose1D Loss(%)YTD(%)
Reliance Infrastructure Ltd. 734.90 -7.92 -12.84
Reliance Capital Ltd. 574.05 -6.38 -14.10
Reliance Power Ltd. 137.80 -6.23 -12.87
Top

Most Active Stocks by value (in Cr)

BSEClose%ChgValue(in Cr.)Volume
L&T 1709.35 -1.65 145.07 854928
SBI 2502.25 0.57 127.57 506987
REL 798.25 -7.84 110.20 1482420
Tata Steel 621.70 0.19 76.85 1236858
RIL 1001.15 -0.33 67.38 673997
 
NSEClose%ChgValue(in Cr.)Volume
L&T 1710.05 -1.77 543.57 3205579
HDFC 641.75 3.41 433.07 6630267
SBI 2500.80 0.62 403.39 1603068
InfosysTechn 3204.30 2.01 333.65 1027327
ICICI Bank 1009.20 -0.80 333.61 3310703
 
Strike Price Value Price %Chg
   Most Active Calls by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 5700.00 1313053.23 61.80 14.32
NIFTY ( 27 Jan 2011 ) 5800.00 892204.63 28.10 32.38
   Most Active Puts by Contract Value (in Cr)
NIFTY ( 27 Jan 2011 ) 5600.00 1432019.99 63.20 18.20
NIFTY ( 27 Jan 2011 ) 5500.00 864104.84 33.00 33.33
   Most Active Future by Contracts Value (in Cr)
LT ( 27 Jan 2011 ) - 78173.91 1681.50 1.91
TATASTEEL ( 27 Jan 2011 ) - 62855.87 621.85 -0.59
    International News
 
 
  • Most of the U.K. firms slashed their marketing budget in the fourth quarter following an upward revision in the preceding quarter as they turned pessimistic about their financial prospects. The IPA/BDO Bellwether report showed that 22% of the firms surveyed revised down their spending on marketing in the fourth quarter, while 17% reported an increase. (RTT News)
  • Europe's Airbus remained the world's biggest plane maker in 2010 by booking its 10,000th order, beating US rival Boeing , and plans to increase deliveries further this year. Enders said Airbus delivered 510 planes last year and won 574 orders worth USD 84 billion (63 billion euros) at list prices. (Economic Times)
  • GlaxoSmithKline Plc said it will have fourth-quarter legal costs of GBP 2.2 billion (USD 3.5 billion) because of a U.S. investigation into sales practices for some products and for product-liability cases related to the Avandia diabetes drug. (RTT News)
 
 
    Domestic News
 
 
  • Tata Communications said that it has entered into an outsourcing agreement with Cananda-based Videotron under which the later will route the entire international voice traffic though the Tata group firm's network. (Economic Times)
  • State-run Air India Ltd plans to lease 40 new planes from Canada's Bombardier and France's Airbus as it looks to take advantage of a burgeoning middle class in Asia's third largest economy. (Business Standard)
  • Suzlon Energy said that its subsidiary REpower Systems has bagged a contract for supplying 150 wind turbines to Canada-based Saint-Laurent Energies. Suzlon Energy is a majority shareholder in REpower Systems with a holding of over 90%. (Business Standard)
 
 
CurrencyExchange-Rate1D Chg(%)1M Chg(%)
EUR 60.73 0.55 % 1.54 %
GBP 72.31 0.81 % 4.37 %
USD 45.59 0.64 % 1.74 %
FIIs ActivityRs. Cr.MTDYTD
Equity in flows 2018.20 30024.50 30024.50
Equity Out flows 2712.70 32588.50 32588.50
Net -694.50 -2564.00 -2564.00

Pivot Levels for Future Segment to be used on 18th January