Wipro has entered into a partnership for an out-tasking of testing services with Telefonica, Germany. (BL)

GAIL has requested the Government to allow levy of marketing margin on APM gas. (BL)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


CROMPTON GREAVES
GTL
HCL TECH
WIPRO
GUJ NRE


NEGATIVE BREAKOUTS


JINDAL SAW
GMR INFRA
IB REAL ESTATE
ICICI BANK
BPCL

FIIs were net buyers in the cash segment on Thursday at Rs1.92bn

FIIs were net buyers in the cash segment on Thursday at Rs1.92bn on a provisional basis. The local funds were also net buyers of Rs1.33bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.59bn. FIIs were net sellers of Rs1.39bn in the cash segment on Wednesday. FIIs' net investments in Indian stocks this year have crossed $16bn.

NIFTY(5041) SUP 4941 RES 5141

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

सेन्सेक्स (16894.25) -18.52 अंक गिरकर, नीफ़्टी (5041.75) -0.30 अंक गिरकर, बंद..

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

KEC International wins orders worth Rs5.5bn

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

Intraday Call : Buy Tata Steel at 563 SL 556 Tgt 570.

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

Market Commentary ..

Today, we expect another muted start as global markets remain indecisive. The Fed has not done nothing unexpected nor has it made any surprise statements. Rates in the US will remain at record low for quite some time, though the fire-fighting steps may gradually be reversed. Sovereign debt default scare still remains with S&P now downgrading Greece.

Gurus of market have spoken about the time in the market which is important rather than timing the market. Investors sure will benefit with the extended trading hours. Come Friday, those directly and indirectly linked to the stock market will start early as trading begins at 9 am.Though economic recovery is well underway, data points are likely to be erratic. Valuations are not cheap and there is concern that liquidity may be lower next year as central banks start unwinding the monetary stimulus.

Technically, the Nifty will find support near 5000 levels. With bulls and bears in holiday mood, expect the indices to remain in a narrow range for now. Have a nice time, in the market and outside the market.

Pre Market Intraday Call !!

Buy Ster

Buy Sterling Bio

"Visit Daily www.NorthPole77.com ,
Join profit making community...Today!"

Orchid Chemicals has sold of its generic injectable Pharma business for US$400mn to fund its debt repayments and pursue new growth opportunities. (ET)

Bharti Airtel may buy 70%v stake in Bangladesh’s Warid Telecom for US$300mn. (ET)

DLF consolidated debt to rise by Rs22bn on arm integration. (BL)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS

RANBAXY
IDEA
WIPRO
BHEL
BAJAJ AUTO


NEGATIVE BREAKOUTS

JINDAL SAW
CAIRN INDIA
GLENMARK
GSPL
HUL

FIIs were net sellers in the cash segment on Wednesday at Rs3.55bn

FIIs were net sellers in the cash segment on Wednesday at Rs3.55bn on a provisional basis. The local funds were net buyers of Rs2.75bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs10.71bn. FIIs were net buyers of Rs1.14bn in the cash segment on Tuesday. FIIs' net investments in Indian stocks this year have crossed $16bn.

NIFTY(5042) SUP 4942 RES 5142

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

सेन्सेक्स (16912.77) 35.61 अंक चढ्कर, नीफ़्टी (5042.05) 9.00 अंक चढ्कर, बंद..

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

India planning stimulus steps for some exporters

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

Bhushan Steel to start orrisa plant in Jan 2010

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"

Asian Market Update: Nikkei Up 0.93%, Hang Seng down 0.8% and Shanghai Index down 0.4%

"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"