Stocks to Watch
REL CAP: (1260) 1225 & 1189 crucial supports to watch out for in panic. Break below 1189 huge panic will be seen.
RNRL: (94) Looks weak. Break below 92.40 huge selling will underway.
RCOM: (409) 394 a crucial support & trend decider.
SBI: (1357) Looks weak. 1310 a crucial support to watch out for panic. Break below 1310 expect 1216 in hours.
HDFC Bank: (1208) Break below 1197 expect 1177 & 1161.
AXIS Bank: (685) Expect it to fall down to 671, 663 & 644. 644 a solid support to watch out for.
HDFC: (2364) Keep stop loss of 2392 & go short.
JP ASSO: (160) Sell. Now break below 155 huge selling will be seen.
DLF: (495) Break below 489 selling will underway. 472 a crucial support to watch out for.
TISCO: (585) Sell. Break below 577 huge panic will start.
GREAT OFFSHORE & AKRUTI: In panic Buy!!! Buy!!!
Tuesday, August 26, 2008
26th August 2008 Market Today
BSE index: (14401) 14404 a nearest support break below which it'll fall down further to 14282-14257 & 14160, 14137 & 14096 initially. Consider 14096 a most crucial support where heavy buying support not ruled out.
Break below 14096 only it'll turn total weak & crash down to 14001, 13912 & 13760.
Upward side 14592 a nearest & 14673 a solid resistance, keep stop loss of 14746 to your sales.
Nifty: (4327) Consider 4374 a solid resistance, keep stop loss of 4395 to your sales.
Downward side 4323 a nearest support break below which it'll fall down further to 4285 & 4259-4252. Consider 4259 to 4252 solid support area where heavy buying support not ruled out.
Break below 4252 only it'll turn total weak & crash down to 4217, 4203 & 4162.
Upward side crossover above 4395 it'll turn positive & surge up to 4426, 4437 & 4463. Crossover above 4463 it'll surge up further to 4505 & 4548. Sell on higher levels keeping stop loss of 4548.
Break below 14096 only it'll turn total weak & crash down to 14001, 13912 & 13760.
Upward side 14592 a nearest & 14673 a solid resistance, keep stop loss of 14746 to your sales.
Nifty: (4327) Consider 4374 a solid resistance, keep stop loss of 4395 to your sales.
Downward side 4323 a nearest support break below which it'll fall down further to 4285 & 4259-4252. Consider 4259 to 4252 solid support area where heavy buying support not ruled out.
Break below 4252 only it'll turn total weak & crash down to 4217, 4203 & 4162.
Upward side crossover above 4395 it'll turn positive & surge up to 4426, 4437 & 4463. Crossover above 4463 it'll surge up further to 4505 & 4548. Sell on higher levels keeping stop loss of 4548.
Monday, August 25, 2008
Weekly Report August 25
Stock Market Outlook:
Weak global cues due to the credit market turmoil and financial crisis has created a lot of pressure in our markets. Interest rate sensitive sectors like banking, real estate and automobile witnessed intense selling pressure. A bounce back in crude oil prices also kept investors on the edge. The barometer index BSE Sensex declined 322.69 points or 2.19% to 14,401.49 in the week ended Friday, 22 August 2008. The S&P CNX Nifty lost 103.25 points or 2.33% at 4327.45 in the week. Foreign institutional investors (FIIs) sold shares worth Rs 1109.50 crore in August 2008 (till 21 August 2008). FIIs sold shares worth Rs 28,411.50 crore in the calendar year 2008. Mutual funds sold shares worth Rs 983.50 crore in August 2008 (till 21 August 2008).
Technical Outlook :
NSE Nifty (Last Closing: 4327.45)
As we have mentioned, the Indian markets have entered the selling mode after testing the target resistance level of 4640. Further downside is
expected to emerge in the market during the coming months.
The MACD has registered a negative crossing and RSI has fallen below 50 points mark - both indicating a short-term downside in the index.
The Elliott wave analysis of the NSE Nifty is indicating that the index has entered the 3rd wave of the 5-wave correction.
The recovery which the market witnessed in the closing day of last week will find resistance at 4365, followed by 4400. The Nifty is
expected to emerge into the next selling mode, before crossing 4435 level. On downside, 4240 will act as the first support for the
index. followed by 4140 and 4070.
Stock Market Week Ahead :
With no major key events scheduled in the forthcoming week, the market will closely watch global stock market cues. But it may turn volatile on
account of expiry of August 2008 derivatives contracts on Thursday, 28 August 2008. Market will closely watch developments on the Indo-US
nuclear deal. A two-day meeting of the 45 countries of the Nuclear Suppliers Group (NSG) began in Vienna on Thursday, 21 August 2008. A
green signal by the NSG is required for the deal to proceed to the US Congress for final ratification. As per reports, nuclear supplier nations at a
meeting on Thursday, 21 August 2008, proposed conditions for lifting a global ban on fuel and technology exports to India, a step required to
implement a US-India nuclear cooperation deal. A further rise in crude oil prices may act as a dampener for the stock markets
Weak global cues due to the credit market turmoil and financial crisis has created a lot of pressure in our markets. Interest rate sensitive sectors like banking, real estate and automobile witnessed intense selling pressure. A bounce back in crude oil prices also kept investors on the edge. The barometer index BSE Sensex declined 322.69 points or 2.19% to 14,401.49 in the week ended Friday, 22 August 2008. The S&P CNX Nifty lost 103.25 points or 2.33% at 4327.45 in the week. Foreign institutional investors (FIIs) sold shares worth Rs 1109.50 crore in August 2008 (till 21 August 2008). FIIs sold shares worth Rs 28,411.50 crore in the calendar year 2008. Mutual funds sold shares worth Rs 983.50 crore in August 2008 (till 21 August 2008).
Technical Outlook :
NSE Nifty (Last Closing: 4327.45)
As we have mentioned, the Indian markets have entered the selling mode after testing the target resistance level of 4640. Further downside is
expected to emerge in the market during the coming months.
The MACD has registered a negative crossing and RSI has fallen below 50 points mark - both indicating a short-term downside in the index.
The Elliott wave analysis of the NSE Nifty is indicating that the index has entered the 3rd wave of the 5-wave correction.
The recovery which the market witnessed in the closing day of last week will find resistance at 4365, followed by 4400. The Nifty is
expected to emerge into the next selling mode, before crossing 4435 level. On downside, 4240 will act as the first support for the
index. followed by 4140 and 4070.
Stock Market Week Ahead :
With no major key events scheduled in the forthcoming week, the market will closely watch global stock market cues. But it may turn volatile on
account of expiry of August 2008 derivatives contracts on Thursday, 28 August 2008. Market will closely watch developments on the Indo-US
nuclear deal. A two-day meeting of the 45 countries of the Nuclear Suppliers Group (NSG) began in Vienna on Thursday, 21 August 2008. A
green signal by the NSG is required for the deal to proceed to the US Congress for final ratification. As per reports, nuclear supplier nations at a
meeting on Thursday, 21 August 2008, proposed conditions for lifting a global ban on fuel and technology exports to India, a step required to
implement a US-India nuclear cooperation deal. A further rise in crude oil prices may act as a dampener for the stock markets
Saturday, August 23, 2008
SEBI approves currency trading in NSE
SEBI approves currency trading in NSE
MUMBAI: India's first exchange for trading in foreign currency derivatives is likely to go live on the NSE's platform. NSE, the country’s largest stock exchange by volumes, on Tuesday got an in-principle approval from the Securities and Exchange Board of India (SEBI) to start an exchange to trade foreign currency derivatives, sources said.
According to plans, NSE will have a separate segment on its existing stock and derivatives bourse to trade in forex derivatives. It would also use its clearing corporation to settle the trades on the new segment.
“It’s not only the NSE brokers, most of the large and medium sized banks have been very supportive in NSE’s endeavour to start a currency exchange,’’ a source said. “They will get another asset class to invest in,’’ the source added.
Friday, August 22, 2008
22nd August 2008. Market Today
US markets exhibited a mixed trend with Dow Jones industrial average adding 0.11% and the broader Standard & Poor's 500 (SPX) index rising around 0.2%. The NASDAQ composite (COMP) declined 0.4%. The nearly $6 spike in crude oil prices impacted the markets negatively. Crude oil is currently trading at $121 a barrel and Gold is at $839 an ounce. European shares fell on persistent financial sector worries and a rising oil price, which reignited inflation fears. Britain's commodity-heavy FTSE 100 ended flat, while Germany's DAX lost 1.3 percent and France's CAC fell 1.4 percent. Rising commodity prices have buoyed the commodity dependent economies of Brazil and Argentina. Brazil’s Bovespa gained 1.01%, Argentina’s Merval rose 0.34% and Mexico’s Bolsa lost 1.23%. Sharp spikes on oil prices have negatively impacted the Asian markets since they import most of their energy needs. Japan’s Nikkei 225 lost 0.67% and China’s SSE Composite has lost 2.61%. Among the closely watched events in US is Fed Chairman Ben Bernanke’s speech on the economy.
The Asian markets are showing yet another gloomy picture in the morning today as many commodities are headed for their biggest weekly gain in 33 years. The expectation of strong demand again from China as the Olympics is coming to an end is bringing strength to commodity prices. Back home, we are going to address the fear of rate hikes again after a 12.63% reported inflation. The $6 rise in Crude prices will also put pressure on the economy. We cannot expect an easy walk over in nuclear deal, as some opposition is there from few of the member countries in NSG. Sensex is expected to open around 14140 level, which may act as a Crucial trend decider for today. A fall below this level may find support at 13990.But any intraday movement may face resistance at 14350 level above which we can expect short covering.
The Asian markets are showing yet another gloomy picture in the morning today as many commodities are headed for their biggest weekly gain in 33 years. The expectation of strong demand again from China as the Olympics is coming to an end is bringing strength to commodity prices. Back home, we are going to address the fear of rate hikes again after a 12.63% reported inflation. The $6 rise in Crude prices will also put pressure on the economy. We cannot expect an easy walk over in nuclear deal, as some opposition is there from few of the member countries in NSG. Sensex is expected to open around 14140 level, which may act as a Crucial trend decider for today. A fall below this level may find support at 13990.But any intraday movement may face resistance at 14350 level above which we can expect short covering.
22nd August 2008. NSE / BSE Technical Analysis
22nd August 2008. NSE / BSE Technical Analysis
Further panic will be seen.
Expect 14086 & there after to 13912 & 13727.
Expect NIFTY fut. to fall down to 4252 & there after to 4203 & 4162.
BSE index: (14244) Consider 14316 & 14369 nearest & 14557 a solid resistance, selling on higher levels will be seen keep stop loss of 14584 to your sales.
Downward side it'll fall down to 14086 initially which is a crucial support to watch out for.
Break below 14086 further heavy selling will be seen & it'll fall down further to 13973 & 13912.
In very worst scenario break below 13912 it'll heavily fall down to 13727 & 13630. Cut shorts around 13727 & buy fresh keeping stop loss of 13630.
Nifty Future: (4280) Expect it to fall down further to 4264 & 4252 initially. Consider 4252 a crucial support.
Break below 4252 heavy fresh selling will drag it down further to 4162 & 4124. Cut shorts around 4162 & buy fresh keeping stop loss of 4124.
Upward side 4313 & 4331 nearest & 4393 a solid resistance, sell on higher levels keeping stop loss of 4426.
Further panic will be seen.
Expect 14086 & there after to 13912 & 13727.
Expect NIFTY fut. to fall down to 4252 & there after to 4203 & 4162.
BSE index: (14244) Consider 14316 & 14369 nearest & 14557 a solid resistance, selling on higher levels will be seen keep stop loss of 14584 to your sales.
Downward side it'll fall down to 14086 initially which is a crucial support to watch out for.
Break below 14086 further heavy selling will be seen & it'll fall down further to 13973 & 13912.
In very worst scenario break below 13912 it'll heavily fall down to 13727 & 13630. Cut shorts around 13727 & buy fresh keeping stop loss of 13630.
Nifty Future: (4280) Expect it to fall down further to 4264 & 4252 initially. Consider 4252 a crucial support.
Break below 4252 heavy fresh selling will drag it down further to 4162 & 4124. Cut shorts around 4162 & buy fresh keeping stop loss of 4124.
Upward side 4313 & 4331 nearest & 4393 a solid resistance, sell on higher levels keeping stop loss of 4426.
Thursday, August 21, 2008
21st August 2008 Stock Tips
NAGAFERT: (42.75) Buy. Crossover above 45 huge up move will start.
SBI: (1445) 1478 & 1417 crucial trend deciders.
AXIS Bank: (674) Selling on higher levels will be seen.
ICICI Bank: (678) 690 & 650 crucial trend deciders for the day.
ONGC: (1036) Looks very weak. Sell.
RNRL: (99) 103.25 a solid resistance.
SBI: (1445) 1478 & 1417 crucial trend deciders.
AXIS Bank: (674) Selling on higher levels will be seen.
ICICI Bank: (678) 690 & 650 crucial trend deciders for the day.
ONGC: (1036) Looks very weak. Sell.
RNRL: (99) 103.25 a solid resistance.
21st August 2008 F&O Watch
ABG SHIPYARD: (395) Buy short to medium term delivery considering 362 a solid support keeping stop loss of 325.
All set to flare up to 543 & 630 in short to medium term.
KSOIL: (68.75) Buy very short term delivery keeping stop loss of 63.
All set to shoot up to 98-101 in hours only.
All set to flare up to 543 & 630 in short to medium term.
KSOIL: (68.75) Buy very short term delivery keeping stop loss of 63.
All set to shoot up to 98-101 in hours only.
21st August 2008 Market Today
Sideways moves to continue in frontlines.
Stock specific approach advisable.
New FO entrants look hot.
BSE index: (14678) Consider 14665 a nearest & 14584 a crucial support; keep stop loss of 14557 to your buys.
Upward side 14825 a crucial hurdle to watch out for crossover above which it'll surge up to 14888 & there after to 15013 & 15143. Sell on higher levels keeping stop loss of 15143.
Downward side break below 14557 it'll turn weak & fall down to 14483, 14421 & 14321.
Nifty Future: (4435) 4459 a nearest hurdle to watch out for crossover above which it'll surge up further to 4490, 4505 & 4548. Sell on higher levels keeping stop loss of 4548.
Downward side 4425 a nearest & 4392 a crucial support.
Break below 4392 it'll turn weak & fall down to 4360, 4338 & 4302.
Stock specific approach advisable.
New FO entrants look hot.
BSE index: (14678) Consider 14665 a nearest & 14584 a crucial support; keep stop loss of 14557 to your buys.
Upward side 14825 a crucial hurdle to watch out for crossover above which it'll surge up to 14888 & there after to 15013 & 15143. Sell on higher levels keeping stop loss of 15143.
Downward side break below 14557 it'll turn weak & fall down to 14483, 14421 & 14321.
Nifty Future: (4435) 4459 a nearest hurdle to watch out for crossover above which it'll surge up further to 4490, 4505 & 4548. Sell on higher levels keeping stop loss of 4548.
Downward side 4425 a nearest & 4392 a crucial support.
Break below 4392 it'll turn weak & fall down to 4360, 4338 & 4302.
Monday, August 18, 2008
Weekly Trading Highlights. 18th August 2008.
Watch out for crucial supports at 14650-14593 & 4403-4375 in initial panic.
Selling in frontlines on higher levels will be seen.
A close below 14653 & 4403 further down side will be seen.
BSE index: (14724) Consider for this week...Watch out for crucial support at 14653 & 14593 in further initial panic where some buying support not ruled out. If 14593 remain intact then expect corrective up surges.
Upward side 14888 a nearest hurdle crossover above which it'll surge up to 15013, 51143 & 15234. Sell on higher levels keeping stop loss of 15580.
Downward side a close below 14653 or intra day break below 14593 it'll turn further weak & fall down to 14446, 14344, 14248 & 14096.
In any worst scenario a close below 14096 it'll touch a panic low of 13727. Over all buy on declines keeping stop loss of 13727.
Long term investors can accumulate considering now 13727 a solid support keeping stop loss of 12500.
Nifty: (4430) Consider for this week...4403 a nearest & 4375 a crucial support to watch out for in initial panic where some buying not ruled out, if it remains intact then expect corrective up surges.
Upward side 4464 a nearest hurdle crossover above which it'll surge up to 4464, 4497 & 4557. Sell on higher levels keeping stop loss of 4650.
Downward side a close below 4403 or intra day break below 4375 it'll fall down heavily further to 4344 & 4250.
In worst scenario a close below 4250 it'll fall down to 4159. Over all buy on declines keeping stop loss of 4159.
Long term investors can accumulate at around 4159 keeping stop loss of 3790.
Selling in frontlines on higher levels will be seen.
A close below 14653 & 4403 further down side will be seen.
BSE index: (14724) Consider for this week...Watch out for crucial support at 14653 & 14593 in further initial panic where some buying support not ruled out. If 14593 remain intact then expect corrective up surges.
Upward side 14888 a nearest hurdle crossover above which it'll surge up to 15013, 51143 & 15234. Sell on higher levels keeping stop loss of 15580.
Downward side a close below 14653 or intra day break below 14593 it'll turn further weak & fall down to 14446, 14344, 14248 & 14096.
In any worst scenario a close below 14096 it'll touch a panic low of 13727. Over all buy on declines keeping stop loss of 13727.
Long term investors can accumulate considering now 13727 a solid support keeping stop loss of 12500.
Nifty: (4430) Consider for this week...4403 a nearest & 4375 a crucial support to watch out for in initial panic where some buying not ruled out, if it remains intact then expect corrective up surges.
Upward side 4464 a nearest hurdle crossover above which it'll surge up to 4464, 4497 & 4557. Sell on higher levels keeping stop loss of 4650.
Downward side a close below 4403 or intra day break below 4375 it'll fall down heavily further to 4344 & 4250.
In worst scenario a close below 4250 it'll fall down to 4159. Over all buy on declines keeping stop loss of 4159.
Long term investors can accumulate at around 4159 keeping stop loss of 3790.
Sunday, August 17, 2008
NSE F&O LOTSIZE
NSE F&O LOTSIZE
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Derivatives on Individual Securities
Derivatives on Individual Securities
NSE is having 228 securities in F&O segment. The company name and NSE code given below for reference
3I Infotech Ltd. 3IINFOTECH
Aban Offshore Ltd. ABAN
ABB Ltd. ABB
Aditya Birla Nuvo Ltd. ABIRLANUVO
Associated Cement Co. Ltd. ACC
Adlabs Films Ltd. ADLABSFILM
AIA Engineering Ltd. AIAENG
Deccan Aviation Ltd. AIRDECCAN
Allahabad Bank ALBK
Alok Industries Ltd. ALOKTEXT
Aptech Ltd. APTECHT
Ambuja Cements Ltd. AMBUJACEM
Amtek Auto Ltd. AMTEKAUTO
Andhra Bank ANDHRABANK
Ansal Prop & Infra Ltd. ANSALINFRA
Alstom Projects India Ltd. APIL
Arvind Ltd. ARVIND
Ashok Leyland Ltd. ASHOKLEY
Aurobindo Pharma Ltd. AUROPHARMA
Axis Bank Ltd. AXISBANK
Bajaj Holdings & Investment Limited BAJAJHLDNG
Bajaj Hindustan Ltd. BAJAJHIND
Ballarpur Industries Ltd. BALLARPUR
Balrampur Chini Mills Ltd. BALRAMCHIN
Bank of Baroda BANKBARODA
Bank of India BANKINDIA
Bata India Ltd. BATAINDIA
Bajaj Auto Ltd. BAJAJ-AUTO
Bharat Electronics Ltd. BEL
Bharat Earth Movers Ltd. BEML
Bharat Forge Co Ltd. BHARATFORG
Bharti Airtel Ltd. BHARTIARTL
Bharat Heavy Electricals Ltd. BHEL
Bhushan Steel & Strips Ltd. BHUSANSTL
Biocon Ltd. BIOCON
Oswal Chem. & Fert. Ltd. BINDALAGRO
Birla Corporation Ltd. BIRLACORPN
Bombay Dyeing & Mfg. Co Ltd. BOMDYEING
Bongaigaon Refinery Ltd. BONGAIREFN
Bosch Limited BOSCHLTD
Bharat Petroleum Corporation Ltd. BPCL
Bombay Rayon Fashions Ltd. BRFL
Brigade Enterprises Ltd. BRIGADE
Cairn India Ltd. CAIRN
Canara Bank CANBK
Central Bank of India CENTRALBK
Century Textiles Ltd. CENTURYTEX
CESC Ltd. CESC
Chambal Fertilizers Ltd. CHAMBLFERT
Chennai Petroleum Corporation Ltd. CHENNPETRO
Cipla Ltd. CIPLA
CMC Ltd. CMC
Colgate Palmolive (India) Ltd. COLPAL
Corporation Bank CORPBANK
Crompton Greaves Ltd. CROMPGREAV
Cummins India Ltd. CUMMINSIND
Dabur India Ltd. DABUR
Develop Credit Bank Ltd. DCB
Dena Bank DENABANK
Divi's Laboratories Ltd. DIVISLAB
DLF Ltd. DLF
Dr. Reddy's Laboratories Ltd. DRREDDY
Edelweiss Capital Ltd. EDELWEISS
Educomp Solutions Ltd. EDUCOMP
Everest Kanto Cylinder Ltd. EKC
Escorts India Ltd. ESCORTS
Essar Oil Ltd. ESSAROIL
Federal Bank Ltd. FEDERALBNK
Financial Technologies (I) Ltd. FINANTECH
GAIL (India) Ltd. GAIL
Gateway Distriparks Ltd. GDL
The Great Eastern Shipping Co. Ltd. GESHIP
Gitanjali Gems Ltd. GITANJALI
Glaxosmithkline Pharma Ltd. GLAXO
GMR Infrastructure Ltd. GMRINFRA
Gujarat Narmada Fertilizer Co. Ltd. GNFC
Grasim Industries Ltd. GRASIM
GTL Ltd. GTL
Great Offshore Ltd. GTOFFSHORE
Gujarat Alkalies & Chemicals Ltd. GUJALKALI
Havells India Ltd. HAVELLS
Hindustan Construction Co HCC
HCL Technologies Ltd. HCLTECH
Housing Development Finance Corporation Ltd. HDFC
HDFC Bank Ltd. HDFCBANK
Housing Development and Infrastructure Ltd. HDIL
Hero Honda Motors Ltd. HEROHONDA
Hindalco Industries Ltd. HINDALCO
Hindustan Oil Exploration Ltd. HINDOILEXP
Hindustan Petroleum Corporation Ltd. HINDPETRO
Hinduja Ventures Ltd. HINDUJAVEN
Hindustan Unilever Ltd. HINDUNILVR
Hindustan Zinc Ltd. HINDZINC
Hotel Leela Ventures Ltd. HOTELEELA
IBN18 Broadcast Limited IBN18
ICICI Bank Ltd. ICICIBANK
Industrial Development Bank of India Ltd. IDBI
Idea Cellular Ltd. IDEA
Infrastructure Development Finance Company Ltd. IDFC
IFCI Ltd. IFCI
I-FLEX Solutions Ltd. I-FLEX
Indian Hotels Co. Ltd. INDHOTEL
India Cements Ltd. INDIACEM
India Infoline Ltd. INDIAINFO
Indian Bank INDIANB
Indusind Bank Ltd. INDUSINDBK
Infosys Technologies Ltd. INFOSYSTCH
Indian Overseas Bank IOB
Indian Oil Corporation Ltd. IOC
IRB Infrastructure Developers Ltd. IRB
Ispat Industries Ltd. ISPATIND
ITC Ltd. ITC
IVRCL Infrastructure & Projects Ltd. IVRCLINFRA
IVR Prime Urban Developers Ltd. IVRPRIME
The Jammu & Kashmir Bank Ltd. J&KBANK
Jet Airways (India) Ltd. JETAIRWAYS
Jindal Saw Ltd. JINDALSAW
Jindal Steel & Power Ltd. JINDALSTEL
Jaiprakash Associates Ltd. JPASSOCIAT
Jaiprakash Hydro-Power Ltd. JPHYDRO
Jindal Stainless Ltd. JSTAINLESS
JSW Steel Ltd. JSWSTEEL
Kesoram Industries Ltd. KESORAMIND
Kotak Mahindra Bank Ltd. KOTAKBANK
KPIT Cummins Infosystems Ltd. KPIT
KSK Energy Ventures Limited KSK
The Karnataka Bank Ltd. KTKBANK
Lakshmi Machines Ltd. LAXMIMACH
LIC Housing Finance Ltd. LICHSGFIN
Lanco Infratech Ltd. LITL
Larsen & Toubro Ltd. LT
Lupin Ltd. LUPIN
Mahindra & Mahindra Ltd. M&M
Mahindra Lifespace Developers Ltd. MAHLIFE
Maharashtra Seamless Ltd. MAHSEAMLES
Maruti Suzuki India Ltd. MARUTI
Matrix Laboratories Ltd. MATRIXLABS
United Spirits Ltd. MCDOWELL-N
Moser-Baer (I) Ltd. MOSERBAER
Mphasis Ltd. MPHASIS
Mangalore Refinery and Petrochemicals Ltd. MRPL
Mahanagar Telephone Nigam Ltd. MTNL
Nagarjuna Constrn. Co. Ltd. NAGARCONST
Nagarjuna Fertiliser & Chemicals Ltd. NAGARFERT
National Aluminium Co. Ltd. NATIONALUM
Info Edge India Ltd. NAUKRI
New Delhi Television Ltd. NDTV
Neyveli Lignite Corporation Ltd. NEYVELILIG
Network 18 Fincap Ltd. NETWORK18
NIIT Ltd. NIITLTD
NIIT Technologies Ltd. NIITTECH
NTPC Ltd. NTPC
Nucleus Software Exports Ltd. NUCLEUS
Omaxe Ltd. OMAXE
Oil & Natural Gas Corp. Ltd. ONGC
Orchid Chemicals Ltd. ORCHIDCHEM
Oriental Bank of Commerce ORIENTBANK
Pantaloon Retail (I) Ltd. PANTALOONR
Parsvnath Developers Ltd. PARSVNATH
Patel Engineering Ltd. PATELENG
Patni Computer Syst Ltd. PATNI
Peninsula Land Ltd. PENINLAND
Petronet LNG Ltd. PETRONET
Power Finance Corporation Ltd. PFC
Piramal Healthcare Ltd. PIRHEALTH
Punjab National Bank PNB
Polaris Software Lab Ltd. POLARIS
Power Grid Corporation of India Ltd. POWERGRID
Praj Industries Ltd. PRAJIND
Punj Lloyd Ltd. PUNJLLOYD
Puravankara Projects Ltd. PURVA
Rajesh Exports Ltd. RAJESHEXPO
Ranbaxy Laboratories Ltd. RANBAXY
Reliance Communications Ltd. RCOM
Rural Electrification Corporation Ltd RECLTD
Reliance Infrastructure Ltd. RELINFRA
Redington (India) Ltd. REDINGTON
Reliance Capital Ltd. RELCAPITAL
Reliance Industries Ltd. RELIANCE
Shree Renuka Sugars Ltd. RENUKA
Reliance Natural Resource Ltd. RNRL
Rolta India Ltd. ROLTA
Reliance Petroleum Ltd. RPL
Reliance Power Ltd. RPOWER
Steel Authority of India Ltd. SAIL
Sasken Communication Technologies Ltd. SASKEN
Satyam Computer Services Ltd. SATYAMCOMP
State Bank of India SBIN
Shipping Corporation of India Ltd. SCI
Sesa Goa Ltd. SESAGOA
Shree Cements Ltd SHREECEM
Siemens Ltd. SIEMENS
S Kumars Nationwide Ltd. SKUMARSYNF
Sobha Developers Ltd. SOBHA
SRF Ltd. SRF
Strides Arcolab Ltd. STAR
Sterlite Industries (I) Ltd. STER
Sterling Biotech Ltd. STERLINBIO
Sterlite Technologies Ltd. STRTECH
Sun Pharmaceuticals India Ltd. SUNPHARMA
Sun TV Network Ltd. SUNTV
Suzlon Energy Ltd. SUZLON
Syndicate Bank SYNDIBANK
Tata Chemicals Ltd. TATACHEM
Tata Communications Ltd. TATACOMM
Tata Motors Ltd. TATAMOTORS
Tata Power Co. Ltd. TATAPOWER
Tata Steel Ltd. TATASTEEL
Tata Tea Ltd. TATATEA
Tata Consultancy Services Ltd. TCS
Tech Mahindra Ltd. TECHM
Titan Industries Ltd. TITAN
Triveni Engg. & Inds. Ltd. TRIVENI
Tata Teleservices (M) Ltd. TTML
Tulip IT Services Ltd. TULIP
TVS Motor Company Ltd. TVSMOTOR
Ultratech Cement Ltd. ULTRACEMCO
Union Bank of India UNIONBANK
United Phosphorous Ltd. UNIPHOS
Unitech Ltd. UNITECH
Vijaya Bank VIJAYABANK
Voltas Ltd. VOLTAS
Wipro Ltd. WIPRO
Wockhardt Ltd. WOCKPHARMA
Welspun Gujarat Stahl Rohren Ltd. WELGUJ
Wire & Wireless (I) Ltd. WWIL
Yes Bank Ltd. YESBANK
Zee Entertainment Enterprises Ltd. ZEEL
NSE is having 228 securities in F&O segment. The company name and NSE code given below for reference
3I Infotech Ltd. 3IINFOTECH
Aban Offshore Ltd. ABAN
ABB Ltd. ABB
Aditya Birla Nuvo Ltd. ABIRLANUVO
Associated Cement Co. Ltd. ACC
Adlabs Films Ltd. ADLABSFILM
AIA Engineering Ltd. AIAENG
Deccan Aviation Ltd. AIRDECCAN
Allahabad Bank ALBK
Alok Industries Ltd. ALOKTEXT
Aptech Ltd. APTECHT
Ambuja Cements Ltd. AMBUJACEM
Amtek Auto Ltd. AMTEKAUTO
Andhra Bank ANDHRABANK
Ansal Prop & Infra Ltd. ANSALINFRA
Alstom Projects India Ltd. APIL
Arvind Ltd. ARVIND
Ashok Leyland Ltd. ASHOKLEY
Aurobindo Pharma Ltd. AUROPHARMA
Axis Bank Ltd. AXISBANK
Bajaj Holdings & Investment Limited BAJAJHLDNG
Bajaj Hindustan Ltd. BAJAJHIND
Ballarpur Industries Ltd. BALLARPUR
Balrampur Chini Mills Ltd. BALRAMCHIN
Bank of Baroda BANKBARODA
Bank of India BANKINDIA
Bata India Ltd. BATAINDIA
Bajaj Auto Ltd. BAJAJ-AUTO
Bharat Electronics Ltd. BEL
Bharat Earth Movers Ltd. BEML
Bharat Forge Co Ltd. BHARATFORG
Bharti Airtel Ltd. BHARTIARTL
Bharat Heavy Electricals Ltd. BHEL
Bhushan Steel & Strips Ltd. BHUSANSTL
Biocon Ltd. BIOCON
Oswal Chem. & Fert. Ltd. BINDALAGRO
Birla Corporation Ltd. BIRLACORPN
Bombay Dyeing & Mfg. Co Ltd. BOMDYEING
Bongaigaon Refinery Ltd. BONGAIREFN
Bosch Limited BOSCHLTD
Bharat Petroleum Corporation Ltd. BPCL
Bombay Rayon Fashions Ltd. BRFL
Brigade Enterprises Ltd. BRIGADE
Cairn India Ltd. CAIRN
Canara Bank CANBK
Central Bank of India CENTRALBK
Century Textiles Ltd. CENTURYTEX
CESC Ltd. CESC
Chambal Fertilizers Ltd. CHAMBLFERT
Chennai Petroleum Corporation Ltd. CHENNPETRO
Cipla Ltd. CIPLA
CMC Ltd. CMC
Colgate Palmolive (India) Ltd. COLPAL
Corporation Bank CORPBANK
Crompton Greaves Ltd. CROMPGREAV
Cummins India Ltd. CUMMINSIND
Dabur India Ltd. DABUR
Develop Credit Bank Ltd. DCB
Dena Bank DENABANK
Divi's Laboratories Ltd. DIVISLAB
DLF Ltd. DLF
Dr. Reddy's Laboratories Ltd. DRREDDY
Edelweiss Capital Ltd. EDELWEISS
Educomp Solutions Ltd. EDUCOMP
Everest Kanto Cylinder Ltd. EKC
Escorts India Ltd. ESCORTS
Essar Oil Ltd. ESSAROIL
Federal Bank Ltd. FEDERALBNK
Financial Technologies (I) Ltd. FINANTECH
GAIL (India) Ltd. GAIL
Gateway Distriparks Ltd. GDL
The Great Eastern Shipping Co. Ltd. GESHIP
Gitanjali Gems Ltd. GITANJALI
Glaxosmithkline Pharma Ltd. GLAXO
GMR Infrastructure Ltd. GMRINFRA
Gujarat Narmada Fertilizer Co. Ltd. GNFC
Grasim Industries Ltd. GRASIM
GTL Ltd. GTL
Great Offshore Ltd. GTOFFSHORE
Gujarat Alkalies & Chemicals Ltd. GUJALKALI
Havells India Ltd. HAVELLS
Hindustan Construction Co HCC
HCL Technologies Ltd. HCLTECH
Housing Development Finance Corporation Ltd. HDFC
HDFC Bank Ltd. HDFCBANK
Housing Development and Infrastructure Ltd. HDIL
Hero Honda Motors Ltd. HEROHONDA
Hindalco Industries Ltd. HINDALCO
Hindustan Oil Exploration Ltd. HINDOILEXP
Hindustan Petroleum Corporation Ltd. HINDPETRO
Hinduja Ventures Ltd. HINDUJAVEN
Hindustan Unilever Ltd. HINDUNILVR
Hindustan Zinc Ltd. HINDZINC
Hotel Leela Ventures Ltd. HOTELEELA
IBN18 Broadcast Limited IBN18
ICICI Bank Ltd. ICICIBANK
Industrial Development Bank of India Ltd. IDBI
Idea Cellular Ltd. IDEA
Infrastructure Development Finance Company Ltd. IDFC
IFCI Ltd. IFCI
I-FLEX Solutions Ltd. I-FLEX
Indian Hotels Co. Ltd. INDHOTEL
India Cements Ltd. INDIACEM
India Infoline Ltd. INDIAINFO
Indian Bank INDIANB
Indusind Bank Ltd. INDUSINDBK
Infosys Technologies Ltd. INFOSYSTCH
Indian Overseas Bank IOB
Indian Oil Corporation Ltd. IOC
IRB Infrastructure Developers Ltd. IRB
Ispat Industries Ltd. ISPATIND
ITC Ltd. ITC
IVRCL Infrastructure & Projects Ltd. IVRCLINFRA
IVR Prime Urban Developers Ltd. IVRPRIME
The Jammu & Kashmir Bank Ltd. J&KBANK
Jet Airways (India) Ltd. JETAIRWAYS
Jindal Saw Ltd. JINDALSAW
Jindal Steel & Power Ltd. JINDALSTEL
Jaiprakash Associates Ltd. JPASSOCIAT
Jaiprakash Hydro-Power Ltd. JPHYDRO
Jindal Stainless Ltd. JSTAINLESS
JSW Steel Ltd. JSWSTEEL
Kesoram Industries Ltd. KESORAMIND
Kotak Mahindra Bank Ltd. KOTAKBANK
KPIT Cummins Infosystems Ltd. KPIT
KSK Energy Ventures Limited KSK
The Karnataka Bank Ltd. KTKBANK
Lakshmi Machines Ltd. LAXMIMACH
LIC Housing Finance Ltd. LICHSGFIN
Lanco Infratech Ltd. LITL
Larsen & Toubro Ltd. LT
Lupin Ltd. LUPIN
Mahindra & Mahindra Ltd. M&M
Mahindra Lifespace Developers Ltd. MAHLIFE
Maharashtra Seamless Ltd. MAHSEAMLES
Maruti Suzuki India Ltd. MARUTI
Matrix Laboratories Ltd. MATRIXLABS
United Spirits Ltd. MCDOWELL-N
Moser-Baer (I) Ltd. MOSERBAER
Mphasis Ltd. MPHASIS
Mangalore Refinery and Petrochemicals Ltd. MRPL
Mahanagar Telephone Nigam Ltd. MTNL
Nagarjuna Constrn. Co. Ltd. NAGARCONST
Nagarjuna Fertiliser & Chemicals Ltd. NAGARFERT
National Aluminium Co. Ltd. NATIONALUM
Info Edge India Ltd. NAUKRI
New Delhi Television Ltd. NDTV
Neyveli Lignite Corporation Ltd. NEYVELILIG
Network 18 Fincap Ltd. NETWORK18
NIIT Ltd. NIITLTD
NIIT Technologies Ltd. NIITTECH
NTPC Ltd. NTPC
Nucleus Software Exports Ltd. NUCLEUS
Omaxe Ltd. OMAXE
Oil & Natural Gas Corp. Ltd. ONGC
Orchid Chemicals Ltd. ORCHIDCHEM
Oriental Bank of Commerce ORIENTBANK
Pantaloon Retail (I) Ltd. PANTALOONR
Parsvnath Developers Ltd. PARSVNATH
Patel Engineering Ltd. PATELENG
Patni Computer Syst Ltd. PATNI
Peninsula Land Ltd. PENINLAND
Petronet LNG Ltd. PETRONET
Power Finance Corporation Ltd. PFC
Piramal Healthcare Ltd. PIRHEALTH
Punjab National Bank PNB
Polaris Software Lab Ltd. POLARIS
Power Grid Corporation of India Ltd. POWERGRID
Praj Industries Ltd. PRAJIND
Punj Lloyd Ltd. PUNJLLOYD
Puravankara Projects Ltd. PURVA
Rajesh Exports Ltd. RAJESHEXPO
Ranbaxy Laboratories Ltd. RANBAXY
Reliance Communications Ltd. RCOM
Rural Electrification Corporation Ltd RECLTD
Reliance Infrastructure Ltd. RELINFRA
Redington (India) Ltd. REDINGTON
Reliance Capital Ltd. RELCAPITAL
Reliance Industries Ltd. RELIANCE
Shree Renuka Sugars Ltd. RENUKA
Reliance Natural Resource Ltd. RNRL
Rolta India Ltd. ROLTA
Reliance Petroleum Ltd. RPL
Reliance Power Ltd. RPOWER
Steel Authority of India Ltd. SAIL
Sasken Communication Technologies Ltd. SASKEN
Satyam Computer Services Ltd. SATYAMCOMP
State Bank of India SBIN
Shipping Corporation of India Ltd. SCI
Sesa Goa Ltd. SESAGOA
Shree Cements Ltd SHREECEM
Siemens Ltd. SIEMENS
S Kumars Nationwide Ltd. SKUMARSYNF
Sobha Developers Ltd. SOBHA
SRF Ltd. SRF
Strides Arcolab Ltd. STAR
Sterlite Industries (I) Ltd. STER
Sterling Biotech Ltd. STERLINBIO
Sterlite Technologies Ltd. STRTECH
Sun Pharmaceuticals India Ltd. SUNPHARMA
Sun TV Network Ltd. SUNTV
Suzlon Energy Ltd. SUZLON
Syndicate Bank SYNDIBANK
Tata Chemicals Ltd. TATACHEM
Tata Communications Ltd. TATACOMM
Tata Motors Ltd. TATAMOTORS
Tata Power Co. Ltd. TATAPOWER
Tata Steel Ltd. TATASTEEL
Tata Tea Ltd. TATATEA
Tata Consultancy Services Ltd. TCS
Tech Mahindra Ltd. TECHM
Titan Industries Ltd. TITAN
Triveni Engg. & Inds. Ltd. TRIVENI
Tata Teleservices (M) Ltd. TTML
Tulip IT Services Ltd. TULIP
TVS Motor Company Ltd. TVSMOTOR
Ultratech Cement Ltd. ULTRACEMCO
Union Bank of India UNIONBANK
United Phosphorous Ltd. UNIPHOS
Unitech Ltd. UNITECH
Vijaya Bank VIJAYABANK
Voltas Ltd. VOLTAS
Wipro Ltd. WIPRO
Wockhardt Ltd. WOCKPHARMA
Welspun Gujarat Stahl Rohren Ltd. WELGUJ
Wire & Wireless (I) Ltd. WWIL
Yes Bank Ltd. YESBANK
Zee Entertainment Enterprises Ltd. ZEEL
Hindalco Industries Ltd.
Corporate Announcements
Hindalco Industries Ltd.
NSE Script CODE: HINDALCO
Hindalco Industries Ltd. has informed the Exchange vide its letter dated August 14, 2008, that:
"The Committee of the Board in their meeting held today approved the following:
1) The issue price of the Rights Issue shall be Rs. 96 per equity share i.e. face value of Rs. 1 per equity share and at a share premium of Rs. 95 per equity share.
2) The ratio of the Rights entitlement will be three equity shares for every seven equity shares held by the shareholders instead of one share for every three shares announced by the Company earlier as determined in the meeting of the Board of Directors held on June 20, 2008.
3) The company will close its book on 5th September 2008 for the purpose of entitlement of the said Rights Issue. Further please note that Committee of the Board has also fixed same book closure date i.e. 5th September 2008 for the purpose of payment of dividend @ 185% on equity shares and @ 6% on preference shares".
Weekly Report
Weekly Report
MARKET OUTLOOK
Indian market started the week in a positive note, continuing the previous weeks positive momentum. Nifty opened at 4529 and moved
towards the week’s high of 4649, later closed at 4430; Sensex made a high of 15579, before closing at 14724.
SEBI’s decision to keep the P-Notes decision unchanged was the major even for the week. International Crude oil price declined further
towards $111.34. The Indian inflation data surged further towards 12.44%, compared to the previous weeks rate of 12.01%.
Technical Outlook :
After a positive start, the NSE Nifty and BSE Sensex failed to sustain at higher levels. The latter half of the week witnessed a fall from the
highs. Nifty’s failure to sustain above 4640 shall be looked upon as a cause of concern for bulls.
NSE Nifty (Last Closing: 4430.70)
Nifty opened the week at 4529 and rallied towards 4649.85, however, selling emerged from this level and the index closed at 4430.70; losing 99
points from the previous week’s close.
The technical indicators are indicating a downside from these levels. MACD is moving towards a bearish crossing. RSI has fell below the 50
points mark and the Stochastic Oscillators have indicated the reversal of the uptrend.
Elliot Wave analysis of the market is also supporting a selling from these levels.
The index is now moving in a downward trending channel.
At current levels 4320 is expected to act as the first support level for Nifty, followed by the downside support of 4070. On upside the index will
find severe resistance at 4500-4530 levels. An upside above this is not expected above this before a fall. However, 4640 will remain to be the
Strong resistance on upside.
Nifty is expected to continue the downside in the coming week also. Any recovery will find resistance at the levels mentioned above.
Technically, selling pressure can intensify in the coming weeks, and the indices are expected to revise the recent lows within the coming
months.
MARKET OUTLOOK
Indian market started the week in a positive note, continuing the previous weeks positive momentum. Nifty opened at 4529 and moved
towards the week’s high of 4649, later closed at 4430; Sensex made a high of 15579, before closing at 14724.
SEBI’s decision to keep the P-Notes decision unchanged was the major even for the week. International Crude oil price declined further
towards $111.34. The Indian inflation data surged further towards 12.44%, compared to the previous weeks rate of 12.01%.
Technical Outlook :
After a positive start, the NSE Nifty and BSE Sensex failed to sustain at higher levels. The latter half of the week witnessed a fall from the
highs. Nifty’s failure to sustain above 4640 shall be looked upon as a cause of concern for bulls.
NSE Nifty (Last Closing: 4430.70)
Nifty opened the week at 4529 and rallied towards 4649.85, however, selling emerged from this level and the index closed at 4430.70; losing 99
points from the previous week’s close.
The technical indicators are indicating a downside from these levels. MACD is moving towards a bearish crossing. RSI has fell below the 50
points mark and the Stochastic Oscillators have indicated the reversal of the uptrend.
Elliot Wave analysis of the market is also supporting a selling from these levels.
The index is now moving in a downward trending channel.
At current levels 4320 is expected to act as the first support level for Nifty, followed by the downside support of 4070. On upside the index will
find severe resistance at 4500-4530 levels. An upside above this is not expected above this before a fall. However, 4640 will remain to be the
Strong resistance on upside.
Nifty is expected to continue the downside in the coming week also. Any recovery will find resistance at the levels mentioned above.
Technically, selling pressure can intensify in the coming weeks, and the indices are expected to revise the recent lows within the coming
months.
Thursday, August 14, 2008
STOCTS TO WATCH
PNB, SBI, BOI & BOB: Sell or remain short.
TRIVENI ENGG: (112) Sell.
REL CAP: (1409) Looks weak only. Keep stop loss of 1461 & remain short. Expect 1377 & 1338 in panic. In worst scenario break below 1338 huge panic will start.
RNRL: (104) Break below 98 huge selling will start. 108.50 a solid resistance.
TATA POWER, JINDAL STEEL & ABAN: Sell or remain short.
HDFC Bank, HDFC, and IDBI: Looks weak only.
AXIS & KOTAK Bank: 738 & 673 solid resistances. Now break below 701 & 621 heavy selling will underway.
LITL: (325) Break below 320 heavy selling will be seen.
HDIL & DLF: Looks weak.
DISH TV: (39.75) Buy short term delivery keeping stop loss of 35.
All set to shoot up to 50 & 66 in next very few days.
FSL: (41) Buy short term delivery keeping stop loss of 36.
All set to shoot up to 49 & 65 in next very few days.
TRIVENI ENGG: (112) Sell.
REL CAP: (1409) Looks weak only. Keep stop loss of 1461 & remain short. Expect 1377 & 1338 in panic. In worst scenario break below 1338 huge panic will start.
RNRL: (104) Break below 98 huge selling will start. 108.50 a solid resistance.
TATA POWER, JINDAL STEEL & ABAN: Sell or remain short.
HDFC Bank, HDFC, and IDBI: Looks weak only.
AXIS & KOTAK Bank: 738 & 673 solid resistances. Now break below 701 & 621 heavy selling will underway.
LITL: (325) Break below 320 heavy selling will be seen.
HDIL & DLF: Looks weak.
DISH TV: (39.75) Buy short term delivery keeping stop loss of 35.
All set to shoot up to 50 & 66 in next very few days.
FSL: (41) Buy short term delivery keeping stop loss of 36.
All set to shoot up to 49 & 65 in next very few days.
14th August 2008.
Break below 15013 expect panic down to 14735.
Heavy selling on higher levels to continue.
Stock specific approach advisable.
BSE index: (15093) Now break below 15013 it'll fall down further to 14977, 14930 & 14888 initially.
Break below 14888 sudden huge panic will drag it down to 14735 which is a crucial support to watch out for.
In worst scenario...Break below 14735 it'll crash down to 14445.
Upward side 15273 & 15368 nearest & 15445 a solid resistance, sell on higher levels keeping stop loss of 15532.
Nifty Future: (4551) Sell or remain short considering 4589 a nearest & 4615 a solid resistance keeping stop loss of 4654.
Downward side it'll fall down to 4500 & 4482 initially. Break below 4482 sudden panic will drag it down to 4448 & 4417. Consider 4417 a crucial support.
In worst scenario...break below 4417 it'll crash down to 4312.
Heavy selling on higher levels to continue.
Stock specific approach advisable.
BSE index: (15093) Now break below 15013 it'll fall down further to 14977, 14930 & 14888 initially.
Break below 14888 sudden huge panic will drag it down to 14735 which is a crucial support to watch out for.
In worst scenario...Break below 14735 it'll crash down to 14445.
Upward side 15273 & 15368 nearest & 15445 a solid resistance, sell on higher levels keeping stop loss of 15532.
Nifty Future: (4551) Sell or remain short considering 4589 a nearest & 4615 a solid resistance keeping stop loss of 4654.
Downward side it'll fall down to 4500 & 4482 initially. Break below 4482 sudden panic will drag it down to 4448 & 4417. Consider 4417 a crucial support.
In worst scenario...break below 4417 it'll crash down to 4312.
Wednesday, August 13, 2008
13th August 2008. Technical Analysis.
MARKET TODAY
Selling on higher levels will be seen.
15580 & 4650 looks top for time being.
BSE index: (15212) Sell on every rise considering 15292 & 15368 nearest & 15445 a solid resistance keeping stop loss of 15521.
15120 a crucial support to watch out for break below which it'll fall down further to 15030 & 14977 initially.
Break below 14977 it'll crash down to 14832 & 14735.
Nifty: (4552) Sell on every rise considering 4611 a solid resistance keeping stop loss of 4650.
Downward side break below 4525 it'll fall down further to 4464, 4449 & 4436 initially. Consider 4436 a crucial support.
Break below 4436 it'll crash down to 4401 & 4325.
Tuesday, August 12, 2008
12th August
4647 & 15555 crucial hurdles to watch out for.
Stock specific approach advisable.
BSE index: (15504) Watch out for crucial hurdle at 15555. Crossover above 15555 it'll sustain on higher levels & spurt up heavily to 15848 & 15905. Book profit at around 15905.
Downward side 15444 a crucial support, keep stop loss of 15368 to your buys.
Break below 15368 it'll turn weak & fall down to 15280, 15204 & 15121.
Nifty: (4621) Watch out for most crucial hurdle at 4648 crossover above which only it'll sustain on higher levels & spurt up to 4761, 4773 & 4803.
Keep stop loss of 4580 to your buys.
Break below it'll turn weak & fall down to 4544, 4500 & 4464.
RIL: (2326) 2357 a hurdle & trend decider.
REL INFRA: (1102) Looks good only. Buy. Crossover above 1114 it'll spurt up further.
SBI: (1592) Crossover above 1599 it'll surge up further. 1710 a laxmanrekha in any case.
HDFC Bank: (1309) 1338 a solid resistance & trend decider.
ICICI Bank: (771) Looks good. Crossover above 779 it'll spurt up further.
KOTAK Bank: (661) 680 a hurdle & trend decider.
HCC: (109) Looks good. Expect 115 on higher levels.
JP ASSO: (197.50) Looks good. 206 a minor hurdle to watch out for.
L&T: (2890) Looks good. Crossover above 2899 expect 3009.
BHEL: (1826) Keep stop loss of 1790 to your buys.
TECH MAH: (801) Looks fantastic only.
PTC INDIA: (88) Buy short term delivery keeping stop loss of 80.
All set to shoot up to 110 & 130 in very short span of time.
Both in NSE & BSE: 532524.
Stock specific approach advisable.
BSE index: (15504) Watch out for crucial hurdle at 15555. Crossover above 15555 it'll sustain on higher levels & spurt up heavily to 15848 & 15905. Book profit at around 15905.
Downward side 15444 a crucial support, keep stop loss of 15368 to your buys.
Break below 15368 it'll turn weak & fall down to 15280, 15204 & 15121.
Nifty: (4621) Watch out for most crucial hurdle at 4648 crossover above which only it'll sustain on higher levels & spurt up to 4761, 4773 & 4803.
Keep stop loss of 4580 to your buys.
Break below it'll turn weak & fall down to 4544, 4500 & 4464.
RIL: (2326) 2357 a hurdle & trend decider.
REL INFRA: (1102) Looks good only. Buy. Crossover above 1114 it'll spurt up further.
SBI: (1592) Crossover above 1599 it'll surge up further. 1710 a laxmanrekha in any case.
HDFC Bank: (1309) 1338 a solid resistance & trend decider.
ICICI Bank: (771) Looks good. Crossover above 779 it'll spurt up further.
KOTAK Bank: (661) 680 a hurdle & trend decider.
HCC: (109) Looks good. Expect 115 on higher levels.
JP ASSO: (197.50) Looks good. 206 a minor hurdle to watch out for.
L&T: (2890) Looks good. Crossover above 2899 expect 3009.
BHEL: (1826) Keep stop loss of 1790 to your buys.
TECH MAH: (801) Looks fantastic only.
PTC INDIA: (88) Buy short term delivery keeping stop loss of 80.
All set to shoot up to 110 & 130 in very short span of time.
Both in NSE & BSE: 532524.
Monday, August 11, 2008
Weekly Trading Highlights. August 11, 2008
Expect initial up surges to 15526 & 4640.
A close above 15526 & 4640 real further up move will be seen.
BSE index: (15167) Consider for this week...15058 a nearest & 14888 a solid support; keep stop loss of 14888 to your buys.
Upward side 15301 a nearest hurdle crossover above which it'll surge up to 15423 & 15526 initially. Consider 15526 a solid resistance.
A close above 15526 it'll sustain on higher levels & shoot up to 15848 & 16195. Book profit around 16195.
Downward side break below 14888 it'll turn bit weak & fall down to 14726 & 14688. Consider 14688 a most crucial support.
A close below 14688 it'll turn very weak & fall down to 14369, 14162 & 13727. ]
Nifty: (4530) Consider for this week...4505 a nearest & 4464 a crucial support; keep stop loss of 4464 to your buys.
Upward side 4580 a nearest hurdle crossover above which it'll surge up to 4640 initially which is a most crucial hurdle to watch out for.
A close above 4640 it'll sustain on higher levels & shoot up to 4760 & 4802. Consider 4802 a crucial resistance where profit booking not ruled out.
A close above 4802 it'll turn total bullish & shoot up to 4958 & 5003.
Downward side break below 4464 it'll turn bit weak & fall down to 4436, 4413 & there after to 4370 & 4312.
A close above 15526 & 4640 real further up move will be seen.
BSE index: (15167) Consider for this week...15058 a nearest & 14888 a solid support; keep stop loss of 14888 to your buys.
Upward side 15301 a nearest hurdle crossover above which it'll surge up to 15423 & 15526 initially. Consider 15526 a solid resistance.
A close above 15526 it'll sustain on higher levels & shoot up to 15848 & 16195. Book profit around 16195.
Downward side break below 14888 it'll turn bit weak & fall down to 14726 & 14688. Consider 14688 a most crucial support.
A close below 14688 it'll turn very weak & fall down to 14369, 14162 & 13727. ]
Nifty: (4530) Consider for this week...4505 a nearest & 4464 a crucial support; keep stop loss of 4464 to your buys.
Upward side 4580 a nearest hurdle crossover above which it'll surge up to 4640 initially which is a most crucial hurdle to watch out for.
A close above 4640 it'll sustain on higher levels & shoot up to 4760 & 4802. Consider 4802 a crucial resistance where profit booking not ruled out.
A close above 4802 it'll turn total bullish & shoot up to 4958 & 5003.
Downward side break below 4464 it'll turn bit weak & fall down to 4436, 4413 & there after to 4370 & 4312.
Saturday, August 9, 2008
Weekly Report August 09
Market Outlook
The inflation data which touched the decade high rate of 12.01% and the decline in the crude oil price were the most remarkable events during the previous week. International crude price touched a 3 months low if US$114.62 on Friday.
Nifty opened the week at 4426, made a weekly high of 4615, and closed at 4529. Sensex opened at 14594 and fell to 14503. The index then recovered considerably and made a weekly high of 15422 and closed at 15167.
Technical Outlook :
As we have mentioned, the markets continued the recovery in the first half of the week, except Monday, and the indices found resistance at higher levels. The markets are expected to open slightly positive, following the global market situations and the decline in the crude oil price.
Technical outlook of the market is still suggesting a possible downside from higher levels.
NSE Nifty (Last Closing: 4529.50)
Nifty has continued the pullback during the first half of the week, however, some profit booking happened during the latter half. The index made a high of 4615, before closing at 4529.
The trend following indicators like MACD and RSI are still showing a bullishness in NSE Nifty indexes. RSI - 14 is currently trading near the overbought zone. However, the leading indicators are cautioning a possible reversal of the current upside. Stochastic Oscillator has indicated a bearish crossing, which supports a possible down side from around these levels.
Apart from this, the momentum indicators like RSI and Commodity Channel Index have recorded a Bearish divergence, which is an indication that a possible fall is imminent.
The Elliott wave analysis of the NSE Nifty is suggesting that 4640 can be expected to be the upper target for the current recovery rally. A fall is probable from these levels.
At current levels, 4440 will act as the first support for Nifty for the week, followed by 4300. Technically, market will slip into a selling mode, if fails to close above 4640 level, in which case, 4070 will act as the downside support for the coming week.
However, a close above the critical resistance of 4640 can be an indication of further upside. In such a scenario 4725 will be the weekly resistance for the index, followed by 4835.
Technically, Market is expected to open the week in a positive note, however, after the initial upside, selling can expect to emerge from upside.
Market Ahead:
The market will take cues from June 2008 industrial production figures that will be released on 12th August and SEBI decision of P-Notes.
Falling crude oil prices and improvement in south west monsoon will provide some relief to investors. Rising inflation remains a major worry for the markets in the medium term. The government will release June 2008 industrial production data at 12:00 IST on 12 August 2008.
Reserve Bank of India’s recipe to contain inflation by increasing the lending rates is expected to hurt industry, manufacturing sector and the overall growth momentum. Industrial production grew at the slowest pace in more than six years in May 2008, at 3.8%, as against 10.6% in the same month of 2007, with manufacturing showing signs of acute deceleration. Inflation remains a major concern for the central bank.
Inflation based on the wholesale price index rose 12.01% in 12 months to 26 July 2008, slightly above the previous week's annual rise of 11.98%, government data released on 7 August 2008 showed.
Industry outlook:
The 10th and 11th five-year plans are expected to allocate huge investment from both the public and private sectors on all the three segments such as Power generation, transmission and distribution. According to the Sixteenth Electric Power Survey published by the CEA, India's demand for electricity would increase to 975 billion units, which would require an additional generation capacity of 100,000 MW from the current levels to 212,000 MW by 2012. NTPC's projected capacity addition plan is 46000 MW while Reliance Infrastructure plans to increase its capacity to 20000MW by 2012.
The Government has continued with its policy of boosting the power sector with the announcement of two more Ultra Mega Power Projects and five other power projects in the last year Budget. In addition, there is a provision to set up merchant power plants through the participation of private developers in transmission projects.
Valuation & Recommendation:
SHEL stock is currently trading at Rs 202, 9.1xs of the trailing twelve months EPS of Rs 21.7, which seems cheaper than other players in this sector such as Jyoti Structure, Kalpataru Power Transmission and Alstom Project.
We are expecting Sunil Hitech Engineers to sustain the growth momentum backed by expansion of power generation capacities by most of the existing private and public sector undertakings and additions of captive power plants from various industries. The strong order book position of the company will give a clear visibility on its earnings in coming years. Thus we recommend the stock for a medium term investment perspective.
The inflation data which touched the decade high rate of 12.01% and the decline in the crude oil price were the most remarkable events during the previous week. International crude price touched a 3 months low if US$114.62 on Friday.
Nifty opened the week at 4426, made a weekly high of 4615, and closed at 4529. Sensex opened at 14594 and fell to 14503. The index then recovered considerably and made a weekly high of 15422 and closed at 15167.
Technical Outlook :
As we have mentioned, the markets continued the recovery in the first half of the week, except Monday, and the indices found resistance at higher levels. The markets are expected to open slightly positive, following the global market situations and the decline in the crude oil price.
Technical outlook of the market is still suggesting a possible downside from higher levels.
NSE Nifty (Last Closing: 4529.50)
Nifty has continued the pullback during the first half of the week, however, some profit booking happened during the latter half. The index made a high of 4615, before closing at 4529.
The trend following indicators like MACD and RSI are still showing a bullishness in NSE Nifty indexes. RSI - 14 is currently trading near the overbought zone. However, the leading indicators are cautioning a possible reversal of the current upside. Stochastic Oscillator has indicated a bearish crossing, which supports a possible down side from around these levels.
Apart from this, the momentum indicators like RSI and Commodity Channel Index have recorded a Bearish divergence, which is an indication that a possible fall is imminent.
The Elliott wave analysis of the NSE Nifty is suggesting that 4640 can be expected to be the upper target for the current recovery rally. A fall is probable from these levels.
At current levels, 4440 will act as the first support for Nifty for the week, followed by 4300. Technically, market will slip into a selling mode, if fails to close above 4640 level, in which case, 4070 will act as the downside support for the coming week.
However, a close above the critical resistance of 4640 can be an indication of further upside. In such a scenario 4725 will be the weekly resistance for the index, followed by 4835.
Technically, Market is expected to open the week in a positive note, however, after the initial upside, selling can expect to emerge from upside.
Market Ahead:
The market will take cues from June 2008 industrial production figures that will be released on 12th August and SEBI decision of P-Notes.
Falling crude oil prices and improvement in south west monsoon will provide some relief to investors. Rising inflation remains a major worry for the markets in the medium term. The government will release June 2008 industrial production data at 12:00 IST on 12 August 2008.
Reserve Bank of India’s recipe to contain inflation by increasing the lending rates is expected to hurt industry, manufacturing sector and the overall growth momentum. Industrial production grew at the slowest pace in more than six years in May 2008, at 3.8%, as against 10.6% in the same month of 2007, with manufacturing showing signs of acute deceleration. Inflation remains a major concern for the central bank.
Inflation based on the wholesale price index rose 12.01% in 12 months to 26 July 2008, slightly above the previous week's annual rise of 11.98%, government data released on 7 August 2008 showed.
Industry outlook:
The 10th and 11th five-year plans are expected to allocate huge investment from both the public and private sectors on all the three segments such as Power generation, transmission and distribution. According to the Sixteenth Electric Power Survey published by the CEA, India's demand for electricity would increase to 975 billion units, which would require an additional generation capacity of 100,000 MW from the current levels to 212,000 MW by 2012. NTPC's projected capacity addition plan is 46000 MW while Reliance Infrastructure plans to increase its capacity to 20000MW by 2012.
The Government has continued with its policy of boosting the power sector with the announcement of two more Ultra Mega Power Projects and five other power projects in the last year Budget. In addition, there is a provision to set up merchant power plants through the participation of private developers in transmission projects.
Valuation & Recommendation:
SHEL stock is currently trading at Rs 202, 9.1xs of the trailing twelve months EPS of Rs 21.7, which seems cheaper than other players in this sector such as Jyoti Structure, Kalpataru Power Transmission and Alstom Project.
We are expecting Sunil Hitech Engineers to sustain the growth momentum backed by expansion of power generation capacities by most of the existing private and public sector undertakings and additions of captive power plants from various industries. The strong order book position of the company will give a clear visibility on its earnings in coming years. Thus we recommend the stock for a medium term investment perspective.
Friday, August 1, 2008
01-08-2008 STOCKS TO WATCH
SRF: (132) Keep sl of 126 & grab at an opening bell. Huge up move to 160-166 on the card in hours only.
TECH MAH: (757) Buy. Expect 781-787 initially. Crossover above 787 expect 835 in hours only.
TISCO: (655) 663 a solid resistance & trend decider.
ABAN OFF: (2506) 2540 & 2578 solid resistances. Break below 2455 heavy selling will be seen.
SESAGOA: (3373) 3399 & 3420 a solid resistances. Break below 3332 heavy selling will be seen.
DLF: (509) Crossover above 518 huge fresh buying will be seen.
REL INFRA: (965) 997 & 951 crucial trend deciders.
ICICI Bank: (635) 648 a crucial resistance & trend decider.
HDFC: (2277) Break below 2238 unwinding will be seen.
SBI: (1415) 1386 a support to watch out for.
JINDAL STEEL: (2070) 1997 a crucial support & trend decider.
Recommended by
DHARMESH BHATT
The only name in 100% pure technical analysis.
Email: shivaam2003@yahoo.com
TECH MAH: (757) Buy. Expect 781-787 initially. Crossover above 787 expect 835 in hours only.
TISCO: (655) 663 a solid resistance & trend decider.
ABAN OFF: (2506) 2540 & 2578 solid resistances. Break below 2455 heavy selling will be seen.
SESAGOA: (3373) 3399 & 3420 a solid resistances. Break below 3332 heavy selling will be seen.
DLF: (509) Crossover above 518 huge fresh buying will be seen.
REL INFRA: (965) 997 & 951 crucial trend deciders.
ICICI Bank: (635) 648 a crucial resistance & trend decider.
HDFC: (2277) Break below 2238 unwinding will be seen.
SBI: (1415) 1386 a support to watch out for.
JINDAL STEEL: (2070) 1997 a crucial support & trend decider.
Recommended by
DHARMESH BHATT
The only name in 100% pure technical analysis.
Email: shivaam2003@yahoo.com
01-08-2008 Market Today
BSE index: (14355) Consider 14265 a crucial support, keep stop loss of 14153 to your buys.
Upward side it'll rush up to 14417 initially which is a nearest resistance to watch out for. Crossover above 14417 it'll spurt up heavily to 14580.
Downward side break below 14153 it'll turn bit weak & fall down to 14018 initially.
Break below 14018 it'll crash down to 13954 & 13825.
Nifty: (4333) Keep stop loss of 4285 to your buys.
Upward side it'll surge up further to 4368 initially. Crossover above 4368 it'll spurt up further to 4395 to 4416. Consider 4416 a solid resistance.
Crossover above 4416 only it'll move up further to 4465 & 4494.
Downward side break below 4285 it'll fall down to 4245 initially.
Break below 4245 it'll crash down to 4229 & 4194.
Upward side it'll rush up to 14417 initially which is a nearest resistance to watch out for. Crossover above 14417 it'll spurt up heavily to 14580.
Downward side break below 14153 it'll turn bit weak & fall down to 14018 initially.
Break below 14018 it'll crash down to 13954 & 13825.
Nifty: (4333) Keep stop loss of 4285 to your buys.
Upward side it'll surge up further to 4368 initially. Crossover above 4368 it'll spurt up further to 4395 to 4416. Consider 4416 a solid resistance.
Crossover above 4416 only it'll move up further to 4465 & 4494.
Downward side break below 4285 it'll fall down to 4245 initially.
Break below 4245 it'll crash down to 4229 & 4194.
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