NIFTY 4488 - 4609

BELOW @ 4545 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 4567 level

for the target @ 4497 to 4488 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 4567 with SL of 4545

Target @ 4597 to 4609 levels.....!!!

Pre Market Intraday Call !!

Buy Rolta

Buy Finance Tech

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M&M has unveiled a brand new light commercial vehicle "Gio" and priced it at Rs1.65lakhs (ET)

BHEL has bagged an export order worth Rs 2.1bn for a 126mw gas turbine generating unit from the Sultanate of Oman (ET)

Tata Steel and Australia’s Riversdale Mining have approved the development of a US$270 mn coal mine in Mozambique with first production scheduled in next year (ET)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


CROMPTON GREAVES
NESTLE INDIA
GTL
NALCO
BOB


NEGATIVE BREAKOUTS


CESC
POWER GRID
BALRAMPUR CHINI
GAIL INDIA
HERO HONDA

FIIs were net sellers in the cash segment on Tuesday at Rs8.74bn

FIIs were net sellers in the cash segment on Tuesday at Rs8.74bn on a provisional basis. But, the local funds were net buyers of Rs7.52bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5.67bn. On Friday, the foreign funds were net buyers of Rs7.36bn in the cash segment. FIIs' net investments in Indian stocks this year is above $14.2bn.

NIFTY (4563) SUP 4463 RES 4663

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सेन्सेक्स (15404.94) -491.34 अंक गिरकर, नीफ़्टी (4563.90) -147.80 अंक गिरकर, बंद..

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Our morning call

BOOK PROFIT!!



Sell Aban targeta achieved
at 1249.90.

Sell Rcom target achieved
at 164.90.



BANG ON TARGET

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Market Commentary ...

Today,we expect a soft opening with uncertainty accompanied by volatility in the short term. Some more cooling is not ruled out. While the Indian market enjoyed an extended weekend, the global markets haven’t traveled much ahead. So, be careful of what you buy or trade. Overall, it appears as though the bulls have run out of steam and reasons to keep lifting the market higher.Meanwhile, the fire at IOC depot in Jaipur is still showing no signs of cooling off. This may affect IOC’s bottomline in Q3.



India Inc’s report card is out, and though profits have improved, the real demand-led growth is still elusive. Most of the rebound in earnings is due to lower operating costs and stimulus measures. The road ahead will be tough to ride on for India Inc., as the RBI and the Government unwind the extraordinary stimulus steps.



Globally too, the situation is similar. Earnings growth has returned but largely due to government stimulus. Though authorities, both here and abroad will be cautious in reversing the stimulus, it remains to be seen how corporates, households and markets behave sans the stimulus.

Pre Market Intraday Call !!

Sell Aban

Sell Rcom

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NTPC may import coal directly next fiscal. (BL)

SAIL has obtained a 20-year iron ore mining licence in Chhattisgarh (ET)

BHEL has bagged an export order worth Rs 2.1bn for a 126mw gas turbine generating unit from the Sultanate of Oman (ET)

Tata Steel and Australia’s Riversdale Mining have approved the development of a US$270 mn coal mine in Mozambique with first production scheduled in next year (ET)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


ASHOK LEYLAND
MPHASIS
WIPRO
RANBAXY LABS
HINDUSTAN ZINC


NEGATIVE BREAKOUTS


HCC
GSPL
GAIL INDIA
BAJAJ AUTO
MADRAS CEMENTS

FIIs were net buyers in the cash segment on Friday at Rs5.76bn

FIIs were net buyers in the cash segment on Friday at Rs5.76bn on a provisional basis. The local funds were net buyers of Rs5.92bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs20.70bn.

NIFTY (4711) SUP 4611 RES 4811

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Sincere wishes on Guru Nanak Jayanti

The stock market [NSE & BSE]
will remain closed
on November 2, 2009 (Monday)
due to the celebration of
Guru Nanak Jayanti.