Scripts to watch today : Bhartiatl, Biocon, BPCL, DLF, HCL Tech, HeroHonda, Kotak Bank, Maruti, Relcap, Rcom, RelInfra, Reliance, SBI, Sterlite, TataMotors, TataPower, Tisco, Wipro
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| | Yesterday, Nifty closed the volatile session on a positive note above 6,150 at 6,160.50 indicating a bullish trend. From here, Nifty could find its immediate resistance at 6,220-6,230 and moving above this it could take Nifty to 6,250-6,280 however on downside support could be seen at 6,135-6,120. Indian market is likely to open on a positive note following positive cues from global markets after the U.S. Federal Reserve's plan to stimulate the sluggish U.S. economy came above investor expectation. Further, Coal India Ltd is likely to make a firm debut today which will provide support to the markets. Buying could be seen in Banking, Telecom, PSU and IT stocks. | |
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| | BAYERCROP (BUY) - RSI is trading in neutral territory, currently at 62, showing positive crossover indicating uptrend.
- Stochastic is at 61, moving towards overbought territory, showing positive crossover, also indicating upside.
- MACD is trading in positive zone, showing bullish crossover also indicating uptrend.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | | 1097.95 | BUY | 1112/1126/1140 | 1078 | 1040/1155 |
ADANIPOWER (BUY) - RSI is trading in neutral territory, currently at 62, showing positive crossover indicating uptrend.
- Stochastic is at 81, just entered into oversold territory from neutral, showing positive crossover indicating further upside.
- MACD is trading in negative zone, on the brink of showing positive crossover, also indicating uptrend.
- Expecting sharp upside if level of 144 breaches decisively.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 140.20 | BUY | 142/143/144 | 138 | 135/144 |
KSOIL (SELL) - RSI is at 64, trading in neutral territory, on the verge of showing negative crossover indicating correction.
- Stochastic is at 82, moving in oversold territory, showing positive crossover, indicating limited downside.
- MACD is trading in negative zone, on the brink of showing bearish crossover suggesting correction.
- Expecting wide correction if level of 58.80 breaches decisively.
| CMP | Buy/Sell | Target Price | Stop Loss | Support/ Resistance | 59.45 | SELL | 58.45/57.80/57 | 60.80 | 57/61 |
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TRADING CALLS
BUY KTKBANK SL 190 T 225 235 & BUY SYDBANK SL 142 T 152 158 & BUY BOESCH SL 6320 T 6500 6600 & BUY GREATOFF SL 372 T 402 412 & BUY BAJAJAUTO SL 1540 T 1640 1680 & BUY MNM SL 750 T 770 780 & BUY SBIBANK SL 3221 T 3300 3340 & BUY PTC SL 134 T 145 150 & BUY GESHIP SL 325 T 370 390 & SELL RPOWER SL 169 T 151 147 & BUY SAIL SL 186 T 200 206 & BUY DLF SL 339 T 365 370 & BUY TISCO SL 600 T 620 630 & BUY ONGC SL 1310 T 1350 & BUY LIC SL 1287 T 1340 1360 & BUY HINDCOPPER SL 432 T 488 & BUY MADRASCEM SL 122 T 139 & BUY MUNDRAPORT SL 155 T 176 & BUY ORACEL SL 2290 T 2600 & BUY TATACEM SL 390 T 448 & SELL MNM SL 752 T 688 & SELL UCOBANK SL 129 T 113
Strong & Weak stocks
This is list of 10 strong stocks:
ABG Ship, Alok Ind, SRE Infra, Chambal Fert, Titan, Dena Bank, Dish TV, ICSA, Nagar Fert & Canara Bank.
And this is list of 10 Weak stocks:
Finan Tech, BRFL, Sail, Educomp, OnMobile, Pir Hearth, Idea, LITL, Apollo Tyre & Orbit Corp.
The daily trend of nifty is in Downtrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 6179.73 | 6198.97 | 6215.43 |
| Support | 6144.03 | 6127.57 | 6108.33 |
| Sensex | Resistance | 20527.63 | 20589.53 | 20640.25 |
| Support | 20415.01 | 20364.29 | 20302.39 |
SPOT/CASH LEVELS FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | ABG Shipyard Ltd. | NSE | 471.90 | 484.60 | 459.00 | 497.30 | 446.10 | 510.20 | 433.40 | | Alok Industries Ltd. | NSE | 28.65 | 29.33 | 28.23 | 30.02 | 27.82 | 30.43 | 27.13 | | Apollo Tyres Ltd. | NSE | 73.05 | 74.72 | 71.27 | 76.38 | 69.48 | 78.17 | 67.82 | | Bank of Baroda | NSE | 1033.60 | 1041.73 | 1026.73 | 1049.87 | 1019.87 | 1056.73 | 1011.73 | | Bank of India | NSE | 504.30 | 510.93 | 500.13 | 517.57 | 495.97 | 521.73 | 489.33 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1300.00 | 1306.67 | 1287.67 | 1313.33 | 1275.33 | 1325.67 | 1268.67 | | Bombay Dyeing & Manufacturing Company Ltd. | NSE | 618.30 | 627.40 | 612.40 | 636.50 | 606.50 | 642.40 | 597.40 | | Bombay Rayon Fashions Ltd. | NSE | 223.85 | 227.60 | 221.00 | 231.35 | 218.15 | 234.20 | 214.40 | | Canara Bank | NSE | 745.80 | 753.85 | 740.20 | 761.90 | 734.60 | 767.50 | 726.55 | | Chambal Fertilisers & Chemicals Ltd. | NSE | 92.45 | 98.17 | 86.87 | 103.88 | 81.28 | 109.47 | 75.57 | | Dena Bank | NSE | 141.65 | 143.43 | 140.43 | 145.22 | 139.22 | 146.43 | 137.43 | | Dish TV India Ltd. | NSE | 62.70 | 64.93 | 59.53 | 67.17 | 56.37 | 70.33 | 54.13 | | Dishman Pharmaceuticals & Chemicals Ltd | NSE | 176.15 | 179.30 | 174.50 | 182.45 | 172.85 | 184.10 | 169.70 | | Educomp Solutions Ltd. | NSE | 548.90 | 556.55 | 543.90 | 564.20 | 538.90 | 569.20 | 531.25 | | Financial Technologies (India) Ltd. | NSE | 1038.90 | 1051.18 | 1020.98 | 1063.47 | 1003.07 | 1081.38 | 990.78 | | ICSA-India Ltd. | NSE | 147.35 | 152.53 | 140.08 | 157.72 | 132.82 | 164.98 | 127.63 | | Idea Cellular Ltd. | NSE | 66.50 | 68.58 | 65.28 | 70.67 | 64.07 | 71.88 | 61.98 | | India Cements Ltd. | NSE | 118.75 | 120.07 | 117.47 | 121.38 | 116.18 | 122.67 | 114.87 | | India Infoline Ltd. | NSE | 120.35 | 122.97 | 118.77 | 125.58 | 117.18 | 127.17 | 114.57 | | Indiabulls Financial Services Ltd. | NSE | 224.15 | 229.48 | 219.83 | 234.82 | 215.52 | 239.13 | 210.18 | | Indiabulls Power Ltd. | NSE | 28.05 | 28.40 | 27.85 | 28.75 | 27.65 | 28.95 | 27.30 | | Indiabulls Real Estate Ltd. | NSE | 189.80 | 193.13 | 187.33 | 196.47 | 184.87 | 198.93 | 181.53 | | Indiabulls Securities Ltd. | NSE | 26.95 | 27.43 | 26.63 | 27.92 | 26.32 | 28.23 | 25.83 | | Indian Bank | NSE | 301.05 | 305.53 | 297.53 | 310.02 | 294.02 | 313.53 | 289.53 | | Indian Metals & Ferro Alloys Ltd. | NSE | 791.05 | 839.33 | 728.43 | 887.62 | 665.82 | 950.23 | 617.53 | | Indian Oil Corporation Ltd. | NSE | 423.45 | 426.30 | 421.30 | 429.15 | 419.15 | 431.30 | 416.30 | | Indian Overseas Bank | NSE | 173.35 | 175.57 | 170.07 | 177.78 | 166.78 | 181.07 | 164.57 | | Indraprastha Gas Ltd. | NSE | 327.20 | 333.58 | 322.93 | 339.97 | 318.67 | 344.23 | 312.28 | | IndusInd Bank Ltd. | NSE | 279.90 | 283.40 | 276.90 | 286.90 | 273.90 | 289.90 | 270.40 | | Lanco Industries Ltd. | NSE | 62.25 | 63.13 | 61.68 | 64.02 | 61.12 | 64.58 | 60.23 | | Lanco Infratech Ltd. | NSE | 63.00 | 64.08 | 62.28 | 65.17 | 61.57 | 65.88 | 60.48 | | Nagarjuna Construction Co. Ltd. | NSE | 152.70 | 153.97 | 151.22 | 155.23 | 149.73 | 156.72 | 148.47 | | Nagarjuna Fertilisers & Chemicals Ltd. | NSE | 37.45 | 39.03 | 35.93 | 40.62 | 34.42 | 42.13 | 32.83 | | NSE Index | NSE | 6160.50 | 6179.73 | 6144.03 | 6198.97 | 6127.57 | 6215.43 | 6108.33 | | OnMobile Global Ltd. | NSE | 325.80 | 333.02 | 321.57 | 340.23 | 317.33 | 344.47 | 310.12 | | Sterlite Industries (India) Ltd. | NSE | 176.50 | 179.48 | 171.93 | 182.47 | 167.37 | 187.03 | 164.38 | | Sterlite Technologies Ltd. | NSE | 82.45 | 84.23 | 81.33 | 86.02 | 80.22 | 87.13 | 78.43 | | Titan Industries Ltd. | NSE | 3833.05 | 3861.70 | 3808.75 | 3890.35 | 3784.45 | 3914.65 | 3755.80 | |
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*LTP stands for Last Traded Price as on Wednesday, November 03, 2010 4:03:10 PM |
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#1R1 stands for Resistance level 1 @1S1 stands for Support level 1 |
#2R2 stands for Resistance level 2 @2S2 stands for Support level 2 |
#3R3 stands for Resistance level 3 @3S3 stands for Support level 3 |
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The levels given above are with respect to previous closing price on the NSE / BSE.
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| | US markets managed to close with modest gain after Federal Reserve announced slightly higher than expected bond purchase plan and economic data came better than expected. Market managed to edge higher in the early trade after Automatic Data Processing reported that private-sector employment increased by 43,000 jobs in October following a revised decrease of 2,000 jobs in September. Further, positive bias came after Institute for Supply Management said its non-manufacturing index rose to 54.3 in October from 53.2 in September. Also, Commerce Department said orders for manufactured goods increased by 2.1% in September after coming in nearly unchanged in August. However, markets slipped during the mid-trade as investors awaited Fed's quantitate easing announcement. Later, markets managed to recoup from losses after Federal Reserve announced to purchase up to USD 600 billion in long-term bonds, above market expectations of USD 500 billion. | |
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| | European markets pared early gains and closed in red as investors eyed announcement of quantitative easing by Federal Reserve. Markets managed to edge higher in the afternoon trade led by auto and banking sectors after strong results from German car marker BMW and French bank Societe Generale. Some optimism were also generated after purchasing managers' index (PMI) of activity at UK service sector companies rose to 53.2 last month, up from 52.8 in September, and beating expectations of a fall to 52.5. However, markets fell towards the close, ahead of the pronouncement of quantitative easing by Federal Reserve. | |
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| | The domestic bourses ended the session on a cheerful note, as broad based buying across sectors helped the market to close in the positive terrain. The markets kicked off the session on an upbeat note as strength prevailed soon after the opening due to positive global cues. The morning sentiment was lifted as the Asian stocks rose after Westpac Banking Corp.'s earnings surged, commodity prices rose and Deutsche Bank AG raised its estimate for South Korea's Kospi index. Soon after the start, the markets gained further momentum and the benchmarks headed further northwards. Gradually a range was formed and the markets were seen trading sideways till the final thirty minutes. A sudden plunge was seen towards the end but it remained shortlived as benchmarks were pulled back smartly to close above the 6,150 Nifty mark. In the sectorial front, the Metal and Auto space remained in limelight due to emergence of significant buying interest and gained by 1.55% and 1.21% respectively. However, the Oil&Gas space remained weak and declined by nearly 0.50%. Both the Nifty and Sensex showed strength throughout the session, though tumbled mildly towards the end. The NSE Nifty closed above the 6,150 mark, while the BSE Sensex above the 20,450 level.
Global Cues:U.S. stocks rose, with the Standard & Poor's 500 Index ending near its highest levels of the day, after the Federal Reserve's announcement of $600 billion of Treasury purchases sent banks higher. | |
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| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (03 Nov 2010) | 6160.50 | 0.68 | 18.45 | | Sensex (03 Nov 2010) | 20465.74 | 0.59 | 17.18 | | Dow Jones Ind. .. (03 Nov 2010) | 11215.13 | 0.24 | 7.55 | | Nasdaq Composit.. (03 Nov 2010) | 2540.27 | 0.27 | 11.95 | | Hang Seng (03 Nov 2010) | 24144.67 | 2.00 | 10.39 | | Straits Times (03 Nov 2010) | 3224.97 | 0.61 | 11.30 | | FTSE 100 (03 Nov 2010) | 5748.97 | -0.15 | 6.21 | | CAC 40 (03 Nov 2010) | 3842.94 | -0.59 | -2.37 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6091.06 | 0.30 | | BSEPSU | 10330.49 | 0.66 | | OILGAS | 10847.25 | -0.49 | | | Advance Decline Ratio | Value(in Cr.) | Exchange | | 2.63 | 640.76 | SENSEX | | 2.13 | 5180.85 | NIFTY | |
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| SENSEX | NIFTY | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Sterlite Industries (India) Lt... | 176.10 | 3.74 | -18.25 | | Tata Motors Ltd. | 1185.30 | 2.72 | 49.55 | | ACC Ltd. | 1083.25 | 2.49 | 24.30 | | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Sterlite Industries (India) Lt... | 176.50 | 3.88 | -18.25 | | Tata Motors Ltd. | 1185.55 | 2.71 | 49.78 | | Sun Pharmaceutical Industries ... | 2249.30 | 2.69 | 49.08 | | | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Cipla Ltd. | 346.90 | -1.10 | 3.37 | | Reliance Communications Ltd. | 180.25 | -1.02 | 4.25 | | Reliance Industries Ltd. | 1065.25 | -0.85 | -2.22 | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | Reliance Communications Ltd. | 180.45 | -1.23 | 4.70 | | Idea Cellular Ltd. | 66.50 | -1.04 | 14.56 | | Cipla Ltd. | 347.25 | -1.00 | 3.64 | |
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Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | SBI | 3202.00 | 2.19 | 111.76 | 343748 | | RIL | 1074.35 | -0.85 | 95.28 | 888139 | | Tata Steel | 598.20 | 1.87 | 65.54 | 1075630 | | ICICI Bank | 1230.50 | 0.58 | 54.79 | 440894 | | L&T | 2133.25 | 0.66 | 42.95 | 200332 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | RIL | 1074.85 | -0.89 | 489.01 | 4557947 | | SBI | 3201.85 | 2.21 | 435.47 | 1339229 | | ICICI Bank | 1231.35 | 0.59 | 401.22 | 3226833 | | Tata Steel | 599.05 | 1.76 | 304.33 | 4992288 | | L&T | 2133.20 | 0.74 | 241.85 | 1126956 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 25 Nov 2010 ) | 6300.00 | 626547.19 | 72.90 | -18.04 | | NIFTY ( 25 Nov 2010 ) | 6200.00 | 594079.24 | 116.85 | -14.81 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 25 Nov 2010 ) | 6100.00 | 498365.11 | 85.70 | 13.89 | | NIFTY ( 25 Nov 2010 ) | 6000.00 | 453736.19 | 55.50 | 16.31 | | | Most Active Future by Contracts Value (in Cr) | | CHAMBLFERT ( 25 Nov 2010 ) | - | 95073.69 | 92.85 | -6.35 | | SBIN ( 25 Nov 2010 ) | - | 89019.53 | 3279.00 | -1.74 | |
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| | | | | | | Crude prices rose above USD 84 per barrel after report showed that US oil product inventories fell sharply last week. Higher than expected quantitative easing by Federal Reserve also boosted the oil prices. Gold prices declined on concerns that Federal Reserve's announcement of bond purchase may boost economy. | | | |
| | | | | | - Global cargo firm FedEx announced it will acquire Indian logistics company AFL and its affiliate Unifreight India and complete the transaction by February next year. This acquisition will give FedEx a more robust domestic ground network and added capabilities in India. (Economic Times)
- Swiss retail sales grew 3.8% in September. This was much slower than the 2.2% growth September last year. While sales of food, beverages and tobacco increased 2.9% compared to September last year, non-food sales rose 5.1%. (RTT News)
- German car maker BMW published bumper third-quarter earnings and increased its forecast for the year as well. Earnings climbed Euro 874 mn from Euro 78 mn this time last year. Revenues rose 36% to Euro 15.9 bn. (ADVFN)
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| | | | | | - Tata DOCOMO, the GSM arm of Tata Teleservices Limited, has said that it would launch its 3G services in nine telecom circles across the country on November 5, the Diwali day. It would become the first private operator to launch 3G services in the country with technology support from its Japanese partner NTT DOCOMO. (Hinudstan Times)
- The country's top two carmakers Maruti Suzuki and Hyundai Motor witnessed significant declines in export during October, as they shifted attention to meet the rising domestic demand ahead of the festive season. (Economic Times)
- Pipavav Shipyard has received licence for warship production from the department of industrial policy and promotion, making it the first shipyard in the private sector to receive such a licence. The licence allows the shipyard to bid for construction of submarines, destroyers, frigates, LDP, coverettes as also aircraft carriers. (domain-B)
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | EUR | 62.11 | 0.31 % | 0.49 % | | GBP | 71.10 | -0.38 % | 0.24 % | | USD | 44.36 | -0.16 % | -0.40 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | 3729.40 | 14855.20 | 629047.20 | | 2800.80 | 7445.10 | 508714.30 | | 928.60 | 7410.10 | 120333.00 | | |
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report
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Arvind Parekh
+ 91 98432 32381
