| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Sunday, August 17, 2008
NSE F&O LOTSIZE
NSE F&O LOTSIZE
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.
Subscribe to:
Posts (Atom)