Support & Resistances for 01-07-2009

Support & Resistances for 01-07-2009
		SENSEX	NIFTY	FUTURE (July2009)
				BANKNIFTY	NIFTY
30-06-2009	Open	14830.97	4391.50	7540.00	4440.00
	High	14907.48	4426.75	7560.00	4440.00
	Low	14420.41	4267.35	7275.00	4260.60
	Close	14493.84	4291.10	7311.30	4289.75
	LTP	14539.60	4305.85	7341.00	4302.25
	Range	487.07	159.40	285.00	179.40
01-07-2009	R3	15581.38	4647.20	7952.10	4688.92
	R2	15094.31	4487.80	7667.10	4509.52
	R1	14794.08	4389.45	7489.20	4399.63
	PP	14607.24	4328.40	7382.10	4330.12
	S1	14307.01	4230.05	7204.20	4220.23
	S2	14120.17	4169.00	7097.10	4150.72
	S3	13633.10	4009.60	6812.10	3971.32
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Headline (30 June 2009)

Date: 30 June 2009

Thought for the day

“Anytime you see someone more successful than you are, they are doing something that you’re not.”

— Malcolm X

GENERAL

1)Southwest monsoon on Monday covered entire Madhya Pradesh,  Gujarat, Chhattisgarh, Bihar, Jharkhand and many parts of East Uttar  Pradesh bringing relief to millions of people reeling under intense  heat for the past few days.

Indian Express

ECONOMY

2)THE chairman of PM’s Economic Advisory Council, Suresh Tendulkar, said on Monday the economy would expand by at least 7% during the  current fiscal provided the monsoon does not fail.  He ruled out the  need for pressing the panic button at the moment.

FE

CORPORATE / INDUSTRY

3)Engineering major Larsen & Toubro today said it had bagged six  orders worth Rs 1,230 crore from different vendors.  “The orders would be executed by Electrical & Gulf Projects Operating Company, a part of L&T’s Construction Division,” L&T said in a filing to the BSE.

BS

4)SERIAL entrepreneur Ramesh Vangal’s Kerala Ayurveda is set to  merge with a more illustrious and bigger peer Arya Vaidya Pharmacy  (AVP), creating the world’s largest ayurveda entity, and one of the  largest wellness firms in this part of the world.  A mega consolidation in the wellness domain was set off after the boards of KAL  and the privately-held AVP signed an initial agreement to explore  options to combine their businesses.

ET

MONEY & BANKING

5)Financial services provider Karvy has decided to focus on fast  growing and vastly untapped private wealth management business  by launching a new entity Karvy Private Wealth, a top official said
  on Monday.  The new company would focus on advising and managing wealth of High Networth Individuals(HNIs) and the super  rich.

FE

6)The rupee was flat on Monday in a range-bound market.  The domestic currency opened at 48.06 and strengthened to touch an intra-day high of 47.95.  It weakened to touch an intra-day low
  of 48.26, before closing at 48.10, unchanged from the previous close.

BL

7)UCO Bank may exercise the option of raising Rs 500-600 crore  worth capital through follow-on public offer by the third quarter of 2009-10, according to its Chairman and Managing Director,
  Mr S K Goel.

BL

MARKETS

8)Indian equity closed Monday with marginal gains after witnessing  huge volatility throughout the trading session.  The 30-share Sensex  of Bombay Stock Exchange(BSE) added 21.10 points or 0.14% to end the day at 14,785.74 points. The broader S&P CNX Nifty of National Stock Exchange(NSE) was up by 15.45 points or 0.35% to close  the day at 4,390.95 points.  Dealers in the market said huge selling  was seen in the IT stocks as investor ahead of budget continued to book profit.

FE

9)The lull in the corporate bond market seen in the first quarter  of this fiscal is expected to change after the Budget.  Bankers  and market participants expect more corporate bond issuances
  from the second quarter, given the Government thrust on the infrastructure sector and the likely tax sops.

BL

IPO

10)Mahindra Holidays & Resorts India Ltd(MHRIL), a part of Mahindra  Group has set Rs 300 each as the initial public offer(IPO) price for its 92.65 lakh equity shares.  The issue that opened June 23
  and closed June 26 was subscribed 9.8 times as per the company.

FE

11)SHRIRAM Properties, part of the Chennai-headquartered diversified  Shriram Group, has appointed Macquarie and Enam Financial Consultants as advisors in a proposed Rs 500-700 crore initial public offering(IPO).  This could be one of the first realty companies to tap the  tepid IPO market after Emmar MGF withdrew its public issue in February last year in the face of adverse market conditions.

ET

MUTUAL FUNDS

12)EQUITY mutual funds are handing out dividends to investors like  never before.  Fund houses like Franklin Templeton, SBI Mutual,  HDFC MF, Reliance MF, Tata MF and UTI have announced dividends  in the range of 20 to 60% in their bid to encourage investors retain money in existing schemes.

ET

CORPORATE SCORE

13)CORPORATE hospital group Apollo has reported a net profit of Rs  118 crore(including an extraordinary item of Rs 4 crore) for the  year ended March 31,2009, up by 15.6% from Rs 102 crore in the
  previous year.  During the period, it clocked a turnover of Rs  1,458 crore(Rs 1,125 crore).

ET

COMMODITIES

14)Gold rose to $942 an ounce on Monday, clinging to recent rises in  choppy trade as the dollar cut earlier gains with renewed caution  toward riskier assets also proving supportive.  Gold was at $941.90  an ounce at 1059 GMT, up from $938.05 quoted late in New York on   Friday.

BL

15)THE revival of the monsoon pulled down prices of agri commodities  on the commodity exchanges on Monday.  Most of the commodities, including the edible oils complex, spices, wheat and guarseed traded in the red as sentiment for better crop acreage and production gained  ground following favourable climatic conditions.

ET

REAL ESTATE

16)Notwithstanding the concerns over the proposed international air  port in Navi Mumbai, real estate prices around the satellite city  have rising for the past one month. During the past 30 days, prices
  of medium residential apartments rose by Rs 300-500 per square feet  across various nodes in the city.  The present prices range at Rs  2,500-3,000 per square foot across nodes like Kamothe, Panvel,
  Kharghar, Khandeshwar and CDB Belapur, said Srikanth Puduval,  a real estate agent.

BS

INFORMATION TECHNOLOGY

17)TOP outsourcing customers such as Bank of America and several  local governments in the US are asking vendors such as TCS, In fosys and Wipro to deliver more projects locally.  They are also
  rescinding job offers to foreign workers in an attempt to address  anti-offshoring sentiments and cope with legislative requirements  of the Troubled Assets Relief Program(TARP).Bank of America and
  other financial services organisations who have received funds under TARP need to ensure that they try and employ local American  workers before hiring a foreign worker from companies such as TCS,
  Infosys and Wipro.  During the past few months, at least five new  outsourcing contracts had new clauses, which mandated that certain work be delivered onshore.

ET

18)EVEN as protectionism gains ground among political hardliners  in the UK and US, UK-based Lloyds Bank has initiated the process of replacing most its British IT workers with Indian nationals.
  Many of the Indian recruits will be from top-rung Indian IT majors  such as Wipro and TCS, who are also the bank’s vendors, said  two industry officials familiar with the development.

ET

19)COMPETITION to woo recession-hit clients across the world is  forcing IT biggies to reduce their client billing rates, sometimes  as high as 35-40%, though most are still managing to control any
  sharp declines in their topline.  In certain projects, the billing rates  are down to $16 an hour, which, analysts say are the lowest ever  rates. And such rates will continue atleast till Q1 next year, they add.  “We have seen such sustained decrease in pricing in most projects.  I expect this to last until the year end at least,” says Siddhartha Pai, partner and MD, TPI, a global outsourcing advisory firm.

ET

INTERNATIONAL

20)Crude oil and gasoline rose after an attack by Nigerian militants  shut a field operated by Royal Dutch Shell Plc, cutting output  from Africa’s largest producer.  Crude oil for August delivery
  advanced $1.51, or 2.2 per cent, to $70.67 a barrel at 10:02 a.m  on the New York Mercantile Exchange.

BL

21)EUROPEAN confidence in the economic outlook rose more than  economists forecast in June, adding to signs that record low interest rates and stimulus measures are helping to pull the region
  out of a recession.  An index of executive and consumer sentiment  in the 16 nations that use the euro increased to 73.3, the highest  since November, from a revised 70.2 in May, the European Com-
  mission in Brussels said today.  Economists had forecast an increase to 71 from an initially reported 69.3 in May, according to the median of 24 estimates in a Bloomberg News survey.

FE

FOR MORE INFORMATION, PLEASE BROWSE THROUGH THE FOLLOWING SITES.

Karvy Consultants Ltd       www.karvy.com
                            www.khojhyderabad.com
                            www.indiacorporateadvisor.com
                            www.karvycomtrade.com (Commodities)
KARVY Global Services Ltd   www.KARVYGlobal.com
KARVY Realty (India) Limited www.karvyrealty.com
Economic Times              www.economictimes.com
The Financial Express       www.financialexpress.com
Business Line               www.businessline.in
Business Standard           www.business-standard.com
The Times of India          www.timesofindia.com
The Hindu                   www.hindu.com
Deccan Chronicle            www.deccan.com
The New Indian Express      www.newindpress.com

Trading Tip (30 June 2009)

(Previous Close: Sensex 14786: Nifty 4391)

Today’s Levels

Trade long if Sensex sustains above 14786 (Nifty 4391)

[Upper targets/resistances at 14955(4439)/15000(4450) or higher]

Trade short if Sensex fails to sustain above 14955 (Nifty 4439)

[Lower targets/supports at 14786(4391)/14685(4351) or lower]

Pivot Point (30 June 2009)

Pivot Point					30 June 2009
SCRIP	LTP	S2	S1	Pivot Point	R1	R2
SENSEX	14785.74	14538.81	14662.28	14808.91	14932.28	15079.01
NIFTY	4390.95	4304.88	4347.92	4393.93	4436.97	4482.98
A.C.C.	792.90	765.70	779.30	795.60	809.20	825.50
ABB LTD.	808.10	756.03	782.07	808.03	834.07	860.03
AMBUJACEM	90.80	87.23	89.02	90.88	92.67	94.53
AXISBANK	867.55	780.12	823.83	861.92	905.63	943.72
BHARAT PETRO	426.75	417.35	422.05	429.00	433.70	440.65
BHARTIARTL	807.25	790.32	798.78	808.62	817.08	826.92
BHEL	2240.00	2161.10	2200.55	2237.45	2276.90	2313.80
CAIRN	234.15	226.52	230.33	235.07	238.88	243.62
CIPLA	262.80	254.67	258.73	261.62	265.68	268.57
DLF	338.35	318.45	328.40	336.95	346.90	355.45
GAIL	290.10	277.90	284.00	288.50	294.60	299.10
GRASIM IND.	2315.05	2241.52	2278.28	2327.77	2364.53	2414.02
HCL TECHNOLO	191.70	184.30	188.00	192.30	196.00	200.30
HDFC BANK	1507.80	1470.00	1488.90	1510.90	1529.80	1551.80
HERO HONDA	1383.90	1348.77	1366.33	1395.67	1413.23	1442.57
HINDALCO	87.85	84.42	86.13	87.72	89.43	91.02
HINDUNILVR	266.60	258.73	262.67	266.18	270.12	273.63
HOUS DEV FIN	2373.20	2298.33	2335.77	2391.88	2429.32	2485.43
ICICI BANK	748.70	722.10	735.40	754.05	767.35	786.00
IDEA	77.50	75.17	76.33	78.32	79.48	81.47
INFOSYS TECH	1782.95	1575.65	1679.30	1874.65	1978.30	2173.65
ITC	193.70	190.00	191.85	194.85	196.70	199.70
LT EQ	1621.80	1549.60	1585.70	1617.35	1653.45	1685.10
MAH & MAH	704.35	686.65	695.50	703.25	712.10	719.85
MARUTI	1067.90	1020.57	1044.23	1062.02	1085.68	1103.47
NATION ALUMI	312.85	297.62	305.23	312.12	319.73	326.62
NTPC	197.30	192.90	195.10	197.30	199.50	201.70
ONGC CORP.	1065.95	1013.38	1039.67	1065.28	1091.57	1117.18
PNB	680.05	640.08	660.07	674.98	694.97	709.88
POWERGRID	111.45	108.45	109.95	112.00	113.50	115.55
RANBAXY LAB.	258.85	250.45	254.65	259.20	263.40	267.95
RCOM	307.10	297.03	302.07	310.03	315.07	323.03
REL.CAPITAL	959.50	920.57	940.03	963.52	982.98	1006.47
RELIANCE	2087.00	1960.07	2023.53	2068.22	2131.68	2176.37
RELINFRA	1268.40	1225.53	1246.97	1273.43	1294.87	1321.33
RPL	129.80	123.20	126.50	128.95	132.25	134.70
RPOWER	174.15	169.75	171.95	175.40	177.60	181.05
SIEMENS	497.60	480.20	488.90	499.20	507.90	518.20
STATE BANK	1765.15	1715.78	1740.47	1760.23	1784.92	1804.68
STEEL AUTHOR	157.85	147.32	152.58	156.97	162.23	166.62
STER EQ	645.70	594.83	620.27	644.13	669.57	693.43
SUN PHARMA.	1100.20	1042.87	1071.53	1110.77	1139.43	1178.67
SUZLON	117.10	106.83	111.97	117.98	123.12	129.13
TATA POWER	1151.00	1121.10	1136.05	1150.50	1165.45	1179.90
TATACOMM	475.70	457.43	466.57	474.23	483.37	491.03
TATAMOTORSEQ	313.90	294.03	303.97	321.98	331.92	349.93
TATASTEEL	397.75	372.98	385.37	394.88	407.27	416.78
TCS EQ	386.20	371.87	379.03	390.52	397.68	409.17
UNITECH LTD	85.30	80.87	83.08	85.02	87.23	89.17
WIPRO	379.20	371.80	375.50	380.25	383.95	388.70

Trading Tip (30 June 2009)

FOR THE DAY: The indices are expected to open on a positive note backed by positive moves in the US markets while, the Asian indices are trading on a positive note.

Trade long in the Nifty if it holds above 4400 levels else if 4360 levels hold with a stop loss placed at 4340 levels.

Nifty has a crucial support placed at 4360 levels which if breached below; short positions may be assumed for day trading, speculative shorts may also be taken if Nifty fails to sustain above 4450 levels targeting lower supports.

Changes to market Lot for September 2009 contracts & onwards

Changes to market Lot for September 2009 contracts & onwards Download Lot size
Symbol	Market Lot		Symbol	Market Lot		Symbol	Market Lot		Symbol	Market Lot
BANKNIFTY	50		CUMMINSIND	950		ISPATIND	12450		RELIANCE	150
CNX100	100		DABUR	2700		ITC	1125		RELINFRA	276
CNXIT	100		DCHL	3400		IVRCLINFRA	1000		RENUKA	2500
JUNIOR	100		DENABANK	5250		JINDALSAW	1000		RNRL	3576
NFTYMCAP50	300		DISHTV	5150		JINDALSTEL	160		ROLTA	1800
NIFTY	50		DIVISLAB	310		JPASSOCIAT	1125		RPL	1675
MINIFTY	20		DLF	800		JPHYDRO	3125		RPOWER	2000
DEFTY	150		DRREDDY	400		JSWSTEEL	1650		SAIL	1350
			EDUCOMP	75		KFA	4250		SBIN	132
Symbol	Market Lot		EKC	2000		KOTAKBANK	550		SCI	2400
ABAN	400		ESSAROIL	1412		KSOILS	5900		SESAGOA	1500
ABB	500		FEDERALBNK	851		LICHSGFIN	425		SIEMENS	752
ABIRLANUVO	400		FINANTECH	150		LITL	2550		SINTEX	1400
ACC	376		FSL	9500		LT	200		STER	438
ADLABSFILM	900		GAIL	1125		LUPIN	350		STERLINBIO	1250
ALBK	2450		GESHIP	1200		M&M	312		SUNPHARMA	225
AMBUJACEM	4124		GLAXO	300		MARUTI	200		SUNTV	1000
ANDHRABANK	2300		GMRINFRA	1250		MCDOWELL-N	250		SUZLON	3000
APIL	600		GRASIM	176		MLL	4900		SYNDIBANK	3800
ASHOKLEY	9550		GSPL	6100		MOSERBAER	2475		TATACHEM	1350
ASIANPAINT	200		GTL	750		MPHASIS	800		TATACOMM	525
AUROPHARMA	700		GTLINFRA	4850		MRPL	4450		TATAMOTORS	850
AXISBANK	450		GTOFFSHORE	1000		MTNL	3200		TATAPOWER	200
BAJAJ-AUTO	200		GVKPIL	4750		NAGARCONST	2000		TATASTEEL	764
BAJAJHIND	1425		HCC	2100		NAGARFERT	5250		TATATEA	550
BAJAJHLDNG	1000		HCLTECH	1300		NATIONALUM	575		TCS	1000
BALRAMCHIN	2400		HDFC	150		NEYVELILIG	1475		TECHM	600
BANKBARODA	700		HDFCBANK	200		NOIDATOLL	8200		TITAN	206
BANKINDIA	950		HDIL	774		NTPC	1625		TRIVENI	3850
BEL	276		HEROHONDA	200		OFSS	300		TTML	10450
BEML	375		HINDALCO	3518		ONGC	225		TULIP	500
BHARATFORG	2000		HINDPETRO	650		OPTOCIRCUI	2040		TV-18	1700
BHARTIARTL	250		HINDUNILVR	1000		ORCHIDCHEM	2100		UCOBANK	5000
BHEL	150		HINDZINC	500		ORIENTBANK	1200		ULTRACEMCO	400
BHUSANSTL	500		HOTELEELA	7500		PANTALOONR	850		UNIONBANK	1050
BIOCON	1800		IBREALEST	1300		PATELENG	1000		UNIPHOS	1400
BOSCHLTD	100		ICICIBANK	350		PATNI	1300		UNITECH	4500
BPCL	550		ICSA	1200		PETRONET	4400		VIJAYABANK	6900
BRFL	1150		IDBI	2400		PFC	1200		VOLTAS	2700
CAIRN	1250		IDEA	2700		PIRHEALTH	1500		WELGUJ	1600
CANBK	800		IDFC	2950		PNB	300		WIPRO	600
CENTURYTEX	848		IFCI	7880		POLARIS	2800		YESBANK	2200
CESC	1100		INDHOTEL	3798		POWERGRID	1925		ZEEL	1400
CHAMBLFERT	3450		INDIACEM	1450		PRAJIND	2200		Source: NSEIndia.com
CHENNPETRO	1800		INDIAINFO	2500		PTC	2350		(29/06/2009)
CIPLA	1250		INDIANB	2200		PUNJLLOYD	1500
COLPAL	550		INDUSINDBK	3850		RANBAXY	800
CONCOR	250		INFOSYSTCH	200		RCOM	700
CORPBANK	1200		IOB	2950		RECLTD	1950
CROMPGREAV	1000		IOC	600		RELCAPITAL	276