Support & Resistances for 11-08-2009

                        Support & Resistances for 11-08-2009
           
    SENSEX NIFTY FUTURE (August2009)
        BANKNIFTY NIFTY
10-07-2009 Open  15287.14 4541.30 7360.00 4486.50
High 15417.34 4548.00 7401.10 4562.50
Low 14902.02 4388.00 7126.25 4399.85
Close 15009.77 4425.75 7159.35 4437.65
LTP 15009.77 4388.05 7135.00 4437.65
Range 515.32 160.00 274.85 162.65
11-08-2009 R3 16140.35 4773.92 7778.60 4791.97
R2 15625.03 4613.92 7503.75 4629.32
R1 15317.40 4519.83 7331.55 4533.48
PP 15109.71 4453.92 7228.90 4466.67
S1 14802.08 4359.83 7056.70 4370.83
S2 14594.39 4293.92 6954.05 4304.02
S3 14079.07 4133.92 6679.20 4141.37
           
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point (11-08-2009)

11-08-2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ONGC 1160.80 1098.10 1127.60 1144.20 1157.10 1173.70 1186.60 1216.10
SBIN 1710.95 1541.40 1638.75 1674.85 1736.10 1772.20 1833.45 1930.80
STER 633.55 555.38 598.98 616.27 642.58 659.87 686.18 729.78
RCOM 251.90 227.13 240.83 246.37 254.53 260.07 268.23 281.93
INFOSYSTCH 2087.70 1954.23 2019.23 2053.47 2084.23 2118.47 2149.23 2214.23
BHARTIARTL 373.00 311.45 345.20 359.10 378.95 392.85 412.70 446.45
BHEL 2148.50 1960.42 2069.87 2109.18 2179.32 2218.63 2288.77 2398.22
NTPC 210.50 192.82 202.47 206.48 212.12 216.13 221.77 231.42
JINDALSTEL 2699.90 2441.43 2580.43 2640.17 2719.43 2779.17 2858.43 2997.43
SAIL 164.65 147.53 156.78 160.72 166.03 169.97 175.28 184.53
DLF 362.75 325.48 346.38 354.57 367.28 375.47 388.18 409.08
LT 1436.15 1263.82 1354.12 1395.13 1444.42 1485.43 1534.72 1625.02
TATASTEEL 456.05 412.35 434.95 445.50 457.55 468.10 480.15 502.75
RELINFRA 1143.10 1055.97 1105.57 1124.33 1155.17 1173.93 1204.77 1254.37
RELIANCE 1988.10 1875.12 1936.87 1962.48 1998.62 2024.23 2060.37 2122.12
ICICIBANK 718.70 639.15 684.60 701.65 730.05 747.10 775.50 820.95
UNITECH 84.70 74.67 80.17 82.43 85.67 87.93 91.17 96.67
RELCAPITAL 822.75 712.25 774.25 798.50 836.25 860.50 898.25 960.25
HDFC 2335.80 2030.77 2199.47 2267.63 2368.17 2436.33 2536.87 2705.57
TATAMOTORS 403.85 346.13 376.88 390.37 407.63 421.12 438.38 469.13
AXISBANK 843.30 724.37 777.17 810.23 829.97 863.03 882.77 935.57
ITC 224.35 200.53 213.18 218.77 225.83 231.42 238.48 251.13
TCS 539.05 459.43 497.18 518.12 534.93 555.87 572.68 610.43
RPOWER 157.65 138.67 149.42 153.53 160.17 164.28 170.92 181.67
CAIRN 240.55 227.88 234.58 237.57 241.28 244.27 247.98 254.68
M&M 760.10 584.37 685.37 722.73 786.37 823.73 887.37 988.37
TATAPOWER 1257.80 1149.60 1201.00 1229.40 1252.40 1280.80 1303.80 1355.20
HINDUNILVR 260.65 224.28 243.68 252.17 263.08 271.57 282.48 301.88
HINDALCO 101.85 89.30 95.95 98.90 102.60 105.55 109.25 115.90
POWERGRID 110.65 101.63 106.68 108.67 111.73 113.72 116.78 121.83
MARUTI 1248.55 1053.42 1161.12 1204.83 1268.82 1312.53 1376.52 1484.22
IDEA 73.60 66.62 70.27 71.93 73.92 75.58 77.57 81.22
WIPRO 513.25 462.60 486.95 500.10 511.30 524.45 535.65 560.00
SUNPHARMA 1194.70 1055.10 1125.00 1159.85 1194.90 1229.75 1264.80 1334.70
GRASIM 2636.60 2257.12 2462.17 2549.38 2667.22 2754.43 2872.27 3077.32
TATACOMM 479.05 438.35 460.35 469.70 482.35 491.70 504.35 526.35
GAIL 314.50 290.33 303.83 309.17 317.33 322.67 330.83 344.33
RANBAXY 261.95 242.50 252.35 257.15 262.20 267.00 272.05 281.90
ACC 809.90 631.37 732.97 771.43 834.57 873.03 936.17 1037.77
CIPLA 281.75 243.25 263.65 272.70 284.05 293.10 304.45 324.85
HEROHONDA 1425.40 1233.60 1339.40 1382.40 1445.20 1488.20 1551.00 1656.80
SIEMENS 444.65 407.13 427.88 436.27 448.63 457.02 469.38 490.13
PNB 659.50 602.18 634.03 646.77 665.88 678.62 697.73 729.58
AMBUJACEM 100.05 82.55 91.95 96.00 101.35 105.40 110.75 120.15
SUZLON 81.20 65.62 74.77 77.98 83.92 87.13 93.07 102.22
NATIONALUM 309.30 266.88 290.63 299.97 314.38 323.72 338.13 361.88
NAGARCONST 126.85 102.67 116.72 121.78 130.77 135.83 144.82 158.87
ABB 661.55 616.52 640.52 651.03 664.52 675.03 688.52 712.52
HCLTECH 245.25 226.82 236.62 240.93 246.42 250.73 256.22 266.02
BPCL 497.60 401.95 456.30 476.95 510.65 531.30 565.00 619.35

FOR THE COMING WEEK (10 Aug – 14 Aug)

FOR THE COMING WEEK:

Indices are likely to face resistance at the 15200‐15600‐15800/4500‐4550‐4620 levels.

Any surge in the indices may face fresh selling around the indicated resistances.

Downside supports are placed at the 15000‐14900‐14750/4470‐4420‐4350 levels.

Depending on the global cues we expect to see short covering and fresh buying around the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and initiate fresh short positions. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.

Headlines (10 Aug 2009)

Date: 10 August 2009

 

Thought for the day
 

“Failures do what is tension relieving, while winners do what is goal achieving.”

 

–Dennis Waitley

 

 GENERAL
 

 1)The Indian space Research Organisation (ISRO) is developing a constellation of seven satellites to give a boost to the country’s security apparatus, a top scientist said on Sunday. ISRO chief G Madhavan Nair said the Indian Regional Navigational Satellite System(IRNSS) was being developed ‘considering security-related issues’.
Indian Express

 

ECONOMY

 

2)The cost advantage is luring many pharma companies to prefer India as the destination for contract research and clinical trials to the developed markets, a joint study by FICCI and E&Y said. The countries ability to offer end-to-end services in clinical research covering trials, data management, biostatistics and central loboratory services makes it a preferred destination for trials and research.

BS

 

CORPORATE / INDUSTRY

 

3)The Anil Ambani group’s Reliance Infrastructure and Hyderabad based Lanco Infratech have so far purchased the Request for Qualification(RFQ) applications for taking up the Rs 12,132-crore Hyderabad Metro Rail(HMR) project. Six other infrastructure firms, including GVK, Essar and L&T, have also evinced interest and are having discussions with the officials concerned.

BS
4)INDIA Hospitality, a London-listed firm with interest in the consumer and hospitality space in India, has taken operating control of its Indian subsidiary Mars Restaurants, the hotel and restaurant company that manages Not Just Jazz By The Bay and Pizzeria chains, from high profile restaurateur and current president Sanjay Narang.India Hospitality has also taken operating control of airline catering business SkyGourmet Private and Mars Catering Services from Mr Narang, the company said.

ET
5)National Thermal Power Corporation Ltd(NTPC), country’s largest power utility, is likely to set up power plants in Nigeria and Sri Lanka, a top NTPC official said.

BS
MONEY / BANKING

 

6)Bank of Baroda (BoB) is planning to revamp its wholly-owned merchant banking subsidiary, BOB Capital Markets, to leverage synergies in areas such as project appraisal, loan syndication, and corporate restructuring.

BL

 

MARKETS
7)KEY equity benchmarks will continue to consolidate this week as investors cash out of expensive stocks and turn their attention to ‘value’ buys that promise good upsides from the current levels. The Sensex and the Nifty shed 3% week on week due to heavy losses in the last two trading sessions of the week.

ET
8)Riding on superior technology and FII preference, the National Stock Exchange is expected to surpass its older counterpart, the Bombay Stock Exchange, in market capitalisation this year. According to a report by global consultancy Celent, 2009 would be the first year when NSE’s market capitalisation is expected to exceed that of BSE.

ET
IPO & FPO

 

9)The north-east explorer Oil India Ltd will make its first public offering of shares on September 7. Simultaneously, the government will also dilute 10% of its equity in the firm. The price band is likely to be decided on August 25, according to investment banking sources associated with the stake-sale process.

TOI
10)NMDC, India’s biggest mining company, will tap the capital market in two phases. The government will first divest 8.38% of its equity stake through an initial public offer(IPO) in the current financial year, which will be followed by a follow-on offer(FPO) in 2010-11. “The steel ministry has cleared a proposal to divest 8.38% of government equity in NMDC through a public offer,” an official in the ministry said on condition of anonymity.

ET
11)Bombay Stock Exchange Ltd is ready for its IPO, the management of Asia’s oldest bourse told its shareholders during the annual general meeting on Friday. BSE has sought SEBI’s approval for the IPO and is waiting for the guidelines for listing, said a member who attended the annual general meeting.

BL

 

MUTUAL FUNDS

 

12)THE securities and exchange Board of India(Sebi) has directed the Association of Mutual Funds in India(Amfi) to ensure that a mutual fund investor wanting to switch distributor is not asked to get a nobjection certificate(NOC) from his existing distributor.

ET
13)Sahara Mutual Fund, part of the Sahara Group with about Rs 237 crore assets under management, is planning to launch a daily systematic investment plan(SIP) for daily wage earners in a month’s time, according to its chief executive officer Naresh Kumar Garg.

 

BS
14)Morningstar India, a subsidiary of leading US-based fund research firm, has launched a Website for retail investors in the country and plans to introduce additional qualitative research and ratings for
 mutual funds in the next six-eight months.

BL

 

MERGERS & ACQUISITIONS

 

15)Indian companies have emerged as the most attractive and enthusiastic players in the mergers and acquisitions space, both domestically and globally, though success is more evident within the country, a report said.

BL

 

COMMODITIES

 

16)Silver futures and gold futures on the national commodity exchanges finished higher on the week ended Friday mainly on dollar slide amid better physical demand. On the other hand, crude oil futures gained nearly 6% on continued buying support in the early last week but oil dropped as much as 2.5% on Friday after a report of higher inventory in the US.

FE
17)With supply lines thinning out in most of the origins, the pepper market is expected to rally ahead by almost 30-40% in the long-run, traders said. Major origins have sold or contracted most of the pepper and the demand from industrial buyers in the US and the European Union is likely to help in a short-term surge in prices.

FE
18)Rise in turmeric prices has dragged down arrivals as well as exports in the past four months. “Inadequate rains have created fears of lower yield that pushed up turmeric prices to record levels although the demand was not so high as hyped by media,” said RK Viswanathan, ex-secretary of Erode Turmeric Merchants Association, a top turmeric trader in the country.

FE

 

REAL ESTATE

 

19)WITH money from private equity (PE) majors hard to come by for the real estate companies, the qualified insitutional placement (QIP) route and the capital markets have been a shot in the arm. This comes on the back of PE majors being cautious about investing in the real estate sector on account of having taken a hit on their investments in the past.

ET
20)Development of service apartments in major metros is the latest trend in the Rs 10,000-crore real estate sector. Top builders aim at supplying 100% service apartments to attract tourists and business travellers. Currently, the demand for service apartments in India is growing at the rate of 100% yearly.

FE

 

COMMUNICATIONS
21)BHARTI Airtel, which had recently announced that it had extended the merger talks with South Africa’s MTN Group, has sought loans worth $2 billion from State Bank of India(SBI), minister of state for finance Namo Narain Meena told Parliament on Friday.

ET

 

BUSINESS PROCESS OUTSOURCING

 

22)The domestic business process outsourcing(BPO) industry, which has been recording high growth rates all these days,is facing pricing pressure driven by the twin factors of a slowing economy and the entry of newer players. BPO units clocked revenues of Rs 8,900 crore for FY09, recording an year-on-year(YoY) growth of 41%. This high growth rate had lured newer players, who are also seeing a rampdown in their international business.

 

ET

 

INFORMATION TECHNOLOGY

 

23)TWO of the top three Indian tech firms Infosys and Wipro are setting up dedicated practices for serving government customers locally and across the globe, as they seek to address over $100 billion
 market for government IT outsourcing, and compete more effectively with local rivals TCS apart from challenging IBM, EDS and others.
ET
24)Mahindra Satyam or the erstwhile Satyam Computer Services has bagged around 30 IT contracts, after it was taken over by telecom solutions company Tech Mahindra in April.

BL

 

INTERNATIONAL

 

25)Crude oil may reach $95 a barrel by early next year after rising to a seven-week high this week, according to technical analysis by Auerbach Grayson, a brokerage in New York.

BL
26)Increasing evidence that the US economy was crawling out of recession caused speculators to continue building long positions in most commodities such as crude oil, soyabeans and coffee, at the month’s end and moving into August.

BL

 

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

Support & Resistances for 10-08-2009

Support & Resistances for 11-08-2009
 
    SENSEX NIFTY FUTURE (Aug2009)
    BANKNIFTY NIFTY
07/08/2009 Open  15440.95 4591.90 7401.25 4554.00
High 15501.94 4591.90 7464.00 4581.00
Low 15104.00 4463.95 7228.20 4465.10
Close 15160.24 4481.40 7250.15 4480.85
LTP 15160.24 4481.40 7252.00 4467.00
Range 397.94 127.95 235.80 115.90
10/08/2009 R3 16051.27 4768.32 7785.72 4740.78
R2 15653.33 4640.37 7549.92 4624.88
R1 15406.79 4560.88 7400.03 4552.87
PP 15255.39 4512.42 7314.12 4508.98
S1 15008.85 4432.93 7164.23 4436.97
S2 14857.45 4384.47 7078.32 4393.08
S3 14459.51 4256.52 6842.52 4277.18
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Today’s Levels (10 Aug 2008)

Previous Close : Sensex 15160 : Nifty 4481)

Today’s Levels

Trade long if Sensex sustains above 15104 (Nifty 4463)
[Upper targets/resistances at 15191(4485)/15300(4522) or higher]

Trade short if Sensex fails to sustain above 15191 (Nifty 4485)
[Lower targets/supports at 15104(4463)/15000(4450) or lower]