सेन्सेक्स (17021.85) 236.20 अंक चढ्कर, नीफ़्टी (5052.45) 63.45 अंक चढ्कर, बंद..

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Positional Call : Sell ZEEL Nov Fut at 257 SL 262 Tgt 250,247.

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Delivery Call : Buy JP Hydro at 73 Tgt 84.Hold for 7 days.

HOT CALL
DON'T MISS IT!!

Market Commentary ..

Today we expect a ‘flat-to-soft’ start. Things might look up later if some short covering takes place or if world markets resume their ascent. We don’t see a big crack as yet but some more softening is not ruled out. Technically, the Nifty could take support at 4910 and resistance is likely around 5060. Sugar stocks will remain in limelight due to farmers’ protest.

Sound reasons seem to be missing from the market. In face skepticism over the strength of the economic recovery and some pessimism over the future prospects is preventing a strong advance for some time. Like in October, when the Sensex and the Nifty lost about 7%, there appears to be another period of consolidation. Though the October losses have been recouped this month, the key indices are struggling to re-test the October highs. The sideways trend may continue for a while and much will hinge on how the global markets behave. The dollar movement is also being closely watched.

Pre Market Intraday Call !!

Buy Wel Guj


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Tata Teleservices plans to advance its capex plans to meet growing demand. (MINT)

NTPC to sign long-term coal deals from 2010-11. (BL)

Bharti Airtel slips to third position in terms of monthly additions in October. (ET)

POSITIVE & NEGATIVE BREAKOUS

POSITIVE BREAKOUTS


WEL GUJ
HERO HONDA
WIPRO
BHUSAN STEEL
GREAT OFF


NEGATIVE BREAKOUTS


BAJAJ HIND
YES BANK
INDIA CEMENT
TATA TEA
HPCL

FIIs turned net sellers in the cash segment on Thursday at Rs4.59bn

FIIs turned net sellers in the cash segment on Thursday at Rs4.59bn on a provisional basis. The local funds were net buyers of Rs1.17bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5bn. The foreign funds were net buyers of Rs5.22bn on Wednesday. Mutual funds were net sellers of Rs3bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year have crossed $15bn.

NIFTY (4989) SUP 4889 RES 5089

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सेन्सेक्स (16785.65) -213.13 अंक गिरकर, नीफ़्टी (4989.00) -65.70 अंक गिरकर, बंद..

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European markets update: FTSE Index down 0.2%, CAC Index down 0.3% and DAX Index down 0.2%

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Cox & Kings India Ltd.
- NEW IPO -

GOOD FOR LONG TERM!!

Offer Price316 to 330

Pre Market Commentary ..

Today,the bulls and bears seem to be running out of alternatives. Another lackluster start and an equally insipid day of trade could be in store for us. Fatigue seems to be taking a toll on the bulls. The key indices are attempting to break out of a range where the correction had set-in last month. The trouble is there are no great events in the near term that could trigger a big push towards new highs. Winter session of parliament begins today.



What is favouring the bulls so far is the relentless inflow of overseas money. This may continue as the dollar is unlikely to rebound sharply. But, as Christmas holidays approach there is likely to be some softening even in these flows. Local funds have already turned net sellers. Add to this, the anxiety over the shape of the economic recovery and the market could see some cooling. Valuations for many of the leading stocks are not too compelling either. In the immediate future, the market will remain sideways and listless though action would be seen in the mid-cap counters.

Pre Market Intraday Call !!

Buy Rolta

Buy Deccan Chronicle

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JSW Steel is close to entering into a strategic alliance with a global steel company. (ET)

ONGC to go solo in development of Satpayev oil block in Kazakhstan after Mittal Investments pulled out of the project. (DNA)

RIL plans to enter no-frills, low-cost housing business in 2010. (BS)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


CROMPTON GREAVES
CHAMBAL FER
BAJAJ HIND
BIOCON
CHENNAI PETRO


NEGATIVE BREAKOUTS


HPCL
BHARTI AIRTEL
PATNI
IB REAL ESTATE
TATA TEA

FIIs were net buyers in the cash segment on Wednesday at Rs4.12bn

FIIs were net buyers in the cash segment on Wednesday at Rs4.12bn on a provisional basis. The local funds were net sellers of Rs2.56bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs13.72bn. The foreign funds were net buyers of Rs594bn on Tuesday. Mutual funds were net sellers of Rs3.08mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has already crossed $15bn.

NIFTY (5054) SUP 4954 RES 5154

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सेन्सेक्स (16998.78) -51.87 अंक गिरकर, नीफ़्टी (5054.70) -7.55 अंक गिरकर, बंद..

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European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.6%

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Intraday Call : Buy Jayshree Tea at 322 SL 317 Tgt 332,335.

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Pre Market Intraday Call !!

Buy ROLTA

Buy Chennai Petro

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Market Ideas ..

Today, we see another anemic start and a lackluster day. The key indices could continue to rise steadily and make new highs for the year. But, beyond a point they are likely to meet with some resistance. That level may turn out to be around 5200-5300 on the Nifty.


The bears failed to make a big dent last month, but could yet again be licking their lips as the market struggles for direction. The fascinating thing is that every time the bears have attempted a comeback; the bulls have managed to make them run for cover. As a result, stocks are seeing dips and spikes without any significant change in the overall scenario. After a Marvelous Monday things have turned a bit quiet. Traded volume has cooled off from last week. Sensex and Nifty appear to be struggling above 17000 and 5000, respectively yet again. Technical and derivatives indicators are indecisive as well. Stick to stock specific action and keep a close track of relevant developments, both local and global, and you should do fine.

Bharti Airtel said it has commenced operations of its Far-East Connect Network, enabling it to serve the requirements of wholesale customers in the high growth markets across Asia and the Pacific. (ET)

Reliance Industries has lined up aggressive plans for its oil and gas exploration work over the next three years to further strengthen its position in the energy business. (BS)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


GSPL
GAIL
BIOCOM
GVK POWER
MNM


NEGATIVE BREAKOUTS


INDIA CEMENT
PATNI
INDIAN OIL
BALRAMPUR CHINI
COLGATE

FIIs were net buyers in the cash segment on Tuesday at Rs4.63bn

FIIs were net buyers in the cash segment on Tuesday at Rs4.63bn on a provisional basis. The local funds were net sellers of Rs2.35bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.25bn. The foreign funds were net buyers of Rs6.79bn on Monday. Mutual funds were net sellers of Rs492mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has crossed $15bn, as per SEBI's web site.

NIFTY (5062) SUP 4962 RES 5162

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सेन्सेक्स (17050.65) 18.14 अंक चढ्कर, नीफ़्टी (5062.25) 4.20 अंक चढ्कर, बंद..

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European markets update: FTSE Index down 0.4%, CAC Index down 0.3% and DAX index down 0.2%

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Pre Market Commentary ...

Today,it's tough to make a judgment as to who is following who as far as the global market is concerned; if at all there is such a thing. What we would advise is focus more on your own portfolio rather than rejoicing or sighing by movements in world or local indices.As far as today goes, Asian markets don’t seem to be following the US market. Most regional benchmarks are slightly up or down.


The Nifty futures trading in Singapore are pointing to a positive start. What remains to be seen is whether those gains can be extended further. One factor that some may have ignored is that the rally on Friday and Monday came on lower volume and turnover. Some caution after a big spurt is always good for the health of your portfolio. At the same time, we do not rule out the possibility of the market surprising on the way up. It could continue to ride the current momentum, driven mainly by carry trades and easy liquidity. FII inflows have crossed $15bn already. RIL could be in the limelight as it holds its AGM today.

Pre Market Intraday Call !!

Buy Noida Toll

Buy India Bank

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Jaiprakash Associates has received board approval to raise funds through the short-term debt route and the sale of shares in its unit Jaypee Infratech Ltd. (BL)

Tata Steel is planning to raise its annual iron ore production by 55% to 17mn tons in India over the next two years with an expected cost of approximately Rs11bn. (BS)

RIL the operator of the D6 block in the Krishna-Godavari basin, will be getting gas for consumption at its refineries and petrochemicals business, as well as for its captive power plants. (BS)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS

YES BANK
BAJAJ AUTO
PUNJ LLOYD
LNT
RNRL


NEGATIVE BREAKOUTS


INDIA OIL
BALRAMPUR CHINI
EDUCOMP
BHARTI AIRTEL
IB REAL ESTATE

FIIs were net buyers in the cash segment on Monday at Rs5.44bn

FIIs were net buyers in the cash segment on Monday at Rs5.44bn on a provisional basis. The local funds were net sellers of Rs2.95bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs1.53bn. The foreign funds were net buyers of Rs6.72bn on Friday. Mutual funds were net buyers of Rs985mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has almost touched $15bn, as per SEBI's web site.

NIFTY (5058) SUP 4958 RES 5158

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सेन्सेक्स (17032.51) 183.68 अंक चढ्कर, नीफ़्टी (5058.05) 59.10 अंक चढ्कर, बंद..

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Our morning call Buy EKC is going strong at 151.65.Book profit.

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Pre Market Commentary ...

Today,we expect the bulls to extend last week’s advance. Asian markets are mostly up, taking their cue from the positive finish on Wall Street. Though the undertone is upbeat, the market will remain volatile. Near-term support is expected at 4900 while resistance may kick in upwards of 5100.



The health of the global economy seems to be getting better and better, if the latest GDP data from Europe and Japan are anything to go by. The US has already moved out of recession. Growth in emerging economies too has picked up pace. Markets are trading near their year’s high. But the UK is still in the red among the major economies.



There is a camp which is skeptical about the ongoing recovery. There are apprehensions as to whether the green shoots will stop growing in the absence of stimulus. There are also concerns about possible asset bubbles. Then there is a camp which is positive and hopeful, including the globally renowned investor Warren Buffett. Only time will tell which of these camps wins.

Pre Market Intraday Call !!

Buy EKC

Buy Patel Eng

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TCS plans to expand its strategic business alliance with Dow Chemicals. (ET)

Tata Steel to start work on its Kalinganar plant in Orissa from December. (BS)

L&T Heavy Engineering LLC, a JV of the Zubair Corporation and L&T, India is set to open a high tech manufacturing facility in Sohar, Oman. (BS)

ONGC finds a reserve of uranium while carrying out exploration work in an oilfield in Assam. (ET)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


AXIS BANK
BIOCON
JAIPRAKASH ASSO
PATEL ENG
ASHOK LEYLAND


NEGATIVE BREAKOUTS


INDIAN OIL
IB REAL ESTATE
INDIA CEMENT
COLGATE
HUL

FIIs were net buyers in the cash segment on Friday at Rs4.71bn

FIIs were net buyers in the cash segment on Friday at Rs4.71bn on a provisional basis. The local funds were net sellers of Rs254mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs6.47bn. The foreign funds were net buyers of Rs1.51bn on Thursday. Mutual funds were net sellers of Rs2.55bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has crossed $14.8bn.

NIFTY (4998) SUP 4898 RES 5098

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