Strong & Weak Stocks
This is list of 10 strong stocks:
Bharti Artl, Lupin, Dish TV, Hero Honda, Indus Ind Bank, TCS, Dr Reddy, Idea, GE Shipping & Tata Motors.
And this is list of 10 Weak
India Info, HCC, LIC Housing, HDIL, Finan Tech, RCOM, Punj Lloyd, KS Oil, EKC & FSL.,
The daily trend of nifty is in Down trend
Scripts to watch today : ACC, AxisBank, BPCL, DLF, HDFCBank, ICICIBank, LT, Maruti, ONGC, Reliance, SBI, Sterlite, TataPower, Tisco.
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5913.85 | 5965.00 | 6037.75 |
| Support | 5789.95 | 5717.20 | 5666.05 |
| Sensex | Resistance | 19681.80 | 19842.35 | 20074.24 |
| Support | 19289.36 | 19057.47 | 18896.92 |
| Market Outlook |
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| | Yesterday, Nifty found strong support near the level of 5,770 (100 DMA) and bounced back smartly on the back of robust Q2 GDP data. Good GDP numbers is a welcome relief for the stock market and will help in the recovery on indices which is facing hard times on the back of string of negative global and domestic cues. Immediate resistance for Nifty now comes at 5,900 and sustaining above will lead to Nifty 5,950-5,980 level. On the flip side, bigger support for Nifty now comes at 5,825 and breaking below it drag to Nifty 5,770 level again. On the Derivative front, There was significant buying was seen in OTM Call options. On the other hand the short accumulation was seen in 5,700 and 5,800 strikes put. Option concentration suggests that Nifty has a strong support at 5800 level. Indian market is likely to open gap down tracking weak cues from global markets. Thereafter Nifty is likey to find a support near 5,825-5,840 level and a sharp rebound expected from this level. Buying could be witnessed in Banking, Cement and capital goods stock. Selling pressure could be witnessed in RIL on account of declining production at the KGD1D3. | |
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| Tip for the day |
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| | CORE PROJECT(BUY) - RSI is at 38 neutral territory showing positive crossover indicating uptrend.
- Stochastic is hovering in neutral zoneshowing positive crossover suggesting upside.
- MACD is likely to show bullish crossover.
- The stock has rebounded after undergoing a deep correction and has breached its resistance at 230 levels with good volumes indicating that it will move upwards from here.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 254.15 | BUY | 257/263/270 | 248 | 210/280 |
PRAKASH INDUSTRY (BUY) - RSI is at 27 oversold territory showing positive crossover indicating uptrend.
- MACD is likely to show positive divergence.
- Stock next resistance level seems at 120 if its break then stock could rise up to 125
- Stochastic is at 14 levels and it has given a buy crossover.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 111.85 | BUY | 113/116/119 | 108 | 650/720 |
TTK PRESTIGE (BUY) - RSI is at 61 likely to show positive crossover.
- MACD is likely to show positive divergence.
- Stochastic is trading in neutral territory at 55 showing positive 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 | | 1518.75 | BUY | 1,535/1,555/1,575 | 1495 | 1460/1600 |
LIC HOUSING FINANCE (BUY) - RSI is at 28 showing positive crossover indicating uptrend.
- Stochastic is trading in over sold territory at 12 on the verge of showing positive crossover.
- The stock has rebounded after undergoing a deep correction and has breached its resistance at 950 levels with good volumes indicating that it will move upwards from here.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 1001.80 | BUY | 1015/1030/1045 | 985 | 960/1050 |
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| US markets |
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| | U.S. Markets closed lower as investors grew concerned about the potential effectiveness of the 112.61 billion dollar Irish bailout. Markets were initially down, though, rebounded in mid session after President Obama said Treasury Secretary Timothy Geithner and budget director Jack Lew would work with Republicans and Democrats to come up with a deal on the Bush-era tax cuts within a couple days they again fell at close. Data showing that home price growth slowed for a fourth consecutive month prompted some selling in the markets, while measures of consumer confidence and Chicago-area business activity surprised to the upside, easing the pullback. Further, the cost of insuring debt of Portugal and Spain against default continued to rise. Furthermore, many are concerned that European efforts to cut deficits may end up causing even larger unemployment. | |
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| European markets |
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| | European markets extended losses to a third straight session, tracking weak global cues amidst fears of spreading contagion in the euro zone. After Ireland secured a EUR 85 billion bailout the focus has shifted to Portugal and Spain, which analysts expect to be next in line to seek financial aid. Financial stocks were worst hit, though buoyant U.S. consumer confidence figures helped to contain the damage. In economic news, unemployment rate in the euro zone edged up to 10.1% in October from 10% in September, a report from Eurostat revealed. Unsurprisingly, all this government debt uncertainty is hitting the euro hard, though upbeat U.S. data and ongoing tensions in the Korean peninsula continue to give the dollar a boost. | |
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| Indian markets (Prev Day) |
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| | The domestic bourses ended on a cheerful note despite of significant weakness in the global front. The market started off the session on a subdued note as the benchmark indices slide during the early trade on the back of negative global cues. The Asian stocks dropped amid concerns that Europe's debt crisis may spread and China may raise interest rates to curb inflation. The Japanese market plunged on the back of reports stating decrease in industrial production and an unexpected surge in unemployment rate in October, signaling that the country's economy will likely shrink this quarter. Soon after the positive start, market entered into a tight range below the baseline and continued trading sideways. But, a sudden upsurge was witnessed post mid-session and the benchmark indices were seen surging in the positive terrain on the back of better than estimated Indian GDP figures for the second quarter of FY'11. The benchmarks surged further making new intraday highs, with the NSE Nifty almost touching the 5,900 mark. Though the gains were eased moderately, the market managed to post decent gains amidst weakness in the global front. In the sectorial front, the Realty space gained the most by 5.67%, bouncing back from the past few week of slump. The Consumer Durables, Power and PSU sectors also provided good support to the market rally and gained by 2.08%, 1.84% and 1.73% respectively. Both the Nifty and Sensex showed strength post mid-session and managed to close above the baseline. The NSE Nifty closed above the 5,850 mark, while the BSE Sensex closed above the 19,500 level. |
| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (30 Nov 2010) | 5862.70 | 0.56 | 12.72 | | Sensex (30 Nov 2010) | 19521.25 | 0.60 | 11.77 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6094.00 | 0.21 | | BSEPSU | 9291.00 | 1.70 | | OILGAS | 10062.08 | -0.56 | | | Advance Decline Ratio | Value(in Cr.) | Index | | 1.73 | 1057.14 | SENSEX | | 1.78 | 8862.20 | NIFTY | |
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| SENSEX | NIFTY | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | DLF Ltd. | 307.25 | 7.00 | -14.92 | | Bharti Airtel Ltd. | 360.40 | 6.45 | 9.61 | | Tata Motors Ltd. | 1237.10 | 4.31 | 56.08 | | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | DLF Ltd. | 306.75 | 7.11 | -15.07 | | Bharti Airtel Ltd. | 360.15 | 6.33 | 9.22 | | Tata Motors Ltd. | 1234.95 | 4.13 | 56.02 | | | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Tata Steel Ltd. | 584.20 | -1.48 | -5.41 | | Reliance Industries Ltd. | 986.80 | -1.14 | -9.42 | | Tata Power Company Ltd. | 1290.30 | -0.90 | -6.36 | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | ACC Ltd. | 983.80 | -1.38 | 12.76 | | Reliance Industries Ltd. | 985.60 | -1.28 | -9.62 | | Sesa Goa Ltd. | 307.70 | -1.24 | -25.10 | |
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| Top |
Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2879.75 | 3.97 | 225.06 | 764842 | | Tata Steel | 592.95 | -1.48 | 144.63 | 2484636 | | Tata Motors | 1186.00 | 4.31 | 100.68 | 829744 | | RIL | 998.20 | -1.14 | 81.00 | 815989 | | Bharti Airte | 338.55 | 6.45 | 78.77 | 2241076 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 2879.75 | 3.90 | 935.24 | 3177497 | | RIL | 998.40 | -1.28 | 690.73 | 6968054 | | ICICI Bank | 1154.30 | -1.06 | 669.64 | 5860932 | | Bharti Airte | 338.70 | 6.33 | 458.20 | 12939392 | | Tata Steel | 591.85 | -1.19 | 455.86 | 7829179 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 5900.00 | 863578.83 | 118.85 | -11.74 | | NIFTY ( 30 Dec 2010 ) | 6000.00 | 857806.02 | 72.45 | -12.15 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 30 Dec 2010 ) | 5700.00 | 783471.14 | 63.65 | 26.94 | | NIFTY ( 30 Dec 2010 ) | 5800.00 | 706978.29 | 93.40 | 23.72 | | | Most Active Future by Contracts Value (in Cr) | | SBIN ( 30 Dec 2010 ) | - | 127994.81 | 2986.50 | -3.34 | | TATASTEEL ( 30 Dec 2010 ) | - | 102586.50 | 585.75 | 1.30 | |
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| | Commodities | | | | | Crude oil Slides 2% and Settles Near USD84 as concerns that Europe's debt crisis will widen battered the euro and added to ongoing concerns about about China's economic growth. On the other hand, Gold rallied more than 1% Settles at USD1,385 as a sharp decline of the euro and signs of a deepening euro zone's debt crisis prompted investors to buy gold to hedge against currency and economic uncertainties. | | | |
| International News | | | | | - Spain's current account deficit in September decreased from the previous year, as trade deficit narrowed and the surplus in services increased.According to the Bank of Spain, the current account deficit was EUR 3.71 billion, down from EUR 4.67 billion shortfall recorded a year ago.(RTT News)
- Australia's gross domestic product was up just 0.2% in the third quarter of 2010 compared to the previous three months. That was well below expectations for a 0.4% gain following the downwardly revised 1.1 increase in the second quarter. (RTT News)
- US consumer confidence index jumped to 54.1 in November from a downwardly revised 49.9 in October. Economists had expected the index to rise to a reading of 52.0 from the 50.2 originally reported for the previous month. (Economic Times)
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| Domestic News | | | | | - RIL's prolific D-1 and D-3 gas fields off the east coast have seen a 15% drop in production to about 45-46 million cubic meters per day because of reservoir omplexities . The Dhirubhai-1 and 3 fields, known as D1 and D3, in the KG basin have seen output fall from 53-54 mmscmd achieved in mid-2010 to 45-46 mmscmd.(Economic Times)
- IDBI Bank is planning to raise USD1 billion (about Rs 4,500 crore) through bonds in the overseas market in next 12-months. (Business Standard)
- With the economic gloom over Europe refusing to lift, UK's leading private equity player 3i is looking at India with hope. It is set to launch its USD3billion (around Rs 14,000 crore) infrastructure fund for India next year. (Economic Times)
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 60.36 | -0.49 % | -2.35 % | | GBP | 71.61 | 0.13 % | 0.97 % | | USD | 46.04 | 0.50 % | 3.37 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | Equity in flows | 3374.20 | 87164.80 | 701356.80 | | Equity Out flows | 3102.00 | 68871.70 | 570140.90 | | Net | 272.20 | 18293.10 | 131216.00 | | |
