Support & Resistances for 25-08-2009

                        Support & Resistances for 25-08-2009
           
    SENSEX NIFTY FUTURE (August2009)
        BANKNIFTY NIFTY
24-07-2009 Open  15362.93 4599.70 7472.60 4536.95
High 15676.35 4667.90 7536.10 4656.30
Low 15362.93 4590.15 7472.60 4536.95
Close 15628.75 4651.80 7507.40 4642.80
LTP 15628.75 4636.00 7507.40 4642.80
Range 313.42 77.75 63.50 119.35
25-08-2009 R3 16182.85 4792.12 7632.37 4850.72
R2 15869.43 4714.37 7568.87 4731.37
R1 15749.09 4683.08 7538.13 4687.08
PP 15556.01 4636.62 7505.37 4612.02
S1 15435.67 4605.33 7474.63 4567.73
S2 15242.59 4558.87 7441.87 4492.67
S3 14929.17 4481.12 7378.37 4373.32
           
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point(25-08-2009)

25-08-2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 718.85 689.12 704.62 711.73 720.12 727.23 735.62 751.12
ACC 793.85 744.78 768.68 781.27 792.58 805.17 816.48 840.38
AMBUJACEM 98.85 94.32 96.82 97.83 99.32 100.33 101.82 104.32
AXISBANK 909.70 862.90 883.90 896.80 904.90 917.80 925.90 946.90
BHARTIARTL 414.30 401.68 408.33 411.32 414.98 417.97 421.63 428.28
BHEL 2343.80 2234.43 2286.53 2315.17 2338.63 2367.27 2390.73 2442.83
BPCL 518.00 481.62 502.07 510.03 522.52 530.48 542.97 563.42
CAIRN 257.95 229.68 242.38 250.17 255.08 262.87 267.78 280.48
CIPLA 259.05 249.42 254.82 256.93 260.22 262.33 265.62 271.02
DLF 394.50 374.30 384.10 389.30 393.90 399.10 403.70 413.50
GAIL 342.05 325.55 333.75 337.90 341.95 346.10 350.15 358.35
GRASIM 2614.00 2502.42 2559.87 2586.93 2617.32 2644.38 2674.77 2732.22
HCLTECH 290.00 262.67 275.47 282.73 288.27 295.53 301.07 313.87
HDFC 2525.50 2345.17 2425.17 2475.33 2505.17 2555.33 2585.17 2665.17
HDFCBANK 1484.65 1414.88 1449.68 1467.17 1484.48 1501.97 1519.28 1554.08
HEROHONDA 1527.05 1424.10 1471.05 1499.05 1518.00 1546.00 1564.95 1611.90
HINDALCO 108.45 99.52 103.82 106.13 108.12 110.43 112.42 116.72
HINDUNILVR 268.95 249.40 258.05 263.50 266.70 272.15 275.35 284.00
ICICIBANK 767.95 716.15 740.05 754.00 763.95 777.90 787.85 811.75
IDEA 82.45 76.90 79.95 81.20 83.00 84.25 86.05 89.10
INFOSYSTCH 2075.90 2002.82 2036.57 2056.23 2070.32 2089.98 2104.07 2137.82
ITC 239.95 211.98 224.78 232.37 237.58 245.17 250.38 263.18
JINDALSTEL 3214.55 2891.87 3043.72 3129.13 3195.57 3280.98 3347.42 3499.27
LT 1550.30 1410.10 1472.10 1511.20 1534.10 1573.20 1596.10 1658.10
M&M 813.40 780.80 796.00 804.70 811.20 819.90 826.40 841.60
MARUTI 1431.70 1329.07 1375.97 1403.83 1422.87 1450.73 1469.77 1516.67
NATIONALUM 337.85 319.78 328.28 333.07 336.78 341.57 345.28 353.78
NTPC 206.75 198.23 202.38 204.57 206.53 208.72 210.68 214.83
ONGC 1195.85 1096.02 1145.02 1170.43 1194.02 1219.43 1243.02 1292.02
PNB 681.55 656.93 669.58 675.57 682.23 688.22 694.88 707.53
POWERGRID 108.65 105.27 106.92 107.78 108.57 109.43 110.22 111.87
RANBAXY 321.15 298.88 309.38 315.27 319.88 325.77 330.38 340.88
RCOM 256.75 239.08 246.98 251.87 254.88 259.77 262.78 270.68
RELCAPITAL 826.40 788.87 807.27 816.83 825.67 835.23 844.07 862.47
RELIANCE 1974.30 1903.33 1935.63 1954.97 1967.93 1987.27 2000.23 2032.53
RELINFRA 1137.75 1095.03 1115.98 1126.87 1136.93 1147.82 1157.88 1178.83
RPOWER 158.70 154.17 156.47 157.58 158.77 159.88 161.07 163.37
SAIL 166.55 160.48 163.28 164.92 166.08 167.72 168.88 171.68
SBIN 1790.20 1722.50 1758.60 1774.40 1794.70 1810.50 1830.80 1866.90
SIEMENS 487.65 420.05 449.55 468.60 479.05 498.10 508.55 538.05
STER 655.30 614.33 633.23 644.27 652.13 663.17 671.03 689.93
SUNPHARMA 1189.85 1158.03 1175.98 1182.92 1193.93 1200.87 1211.88 1229.83
SUZLON 88.15 83.72 86.12 87.13 88.52 89.53 90.92 93.32
TATACOMM 506.95 480.18 493.88 500.42 507.58 514.12 521.28 534.98
TATAMOTORS 458.85 406.15 429.55 444.20 452.95 467.60 476.35 499.75
TATAPOWER 1321.10 1268.20 1295.60 1308.35 1323.00 1335.75 1350.40 1377.80
TATASTEEL 458.15 440.72 448.72 453.43 456.72 461.43 464.72 472.72
TCS 521.55 495.72 508.02 514.78 520.32 527.08 532.62 544.92
UNITECH 90.65 80.77 85.32 87.98 89.87 92.53 94.42 98.97
WIPRO 524.35 498.12 510.12 517.23 522.12 529.23 534.12 546.12

Support & Resistances for 25-08-2009

                        Support & Resistances for 25-08-2009
           
    SENSEX NIFTY FUTURE (August2009)
        BANKNIFTY NIFTY
24-07-2009 Open  15362.93 4599.70 7472.60 4536.95
High 15676.35 4667.90 7536.10 4656.30
Low 15362.93 4590.15 7472.60 4536.95
Close 15628.75 4651.80 7507.40 4642.80
LTP 15628.75 4636.00 7507.40 4642.80
Range 313.42 77.75 63.50 119.35
25-08-2009 R3 16182.85 4792.12 7632.37 4850.72
R2 15869.43 4714.37 7568.87 4731.37
R1 15749.09 4683.08 7538.13 4687.08
PP 15556.01 4636.62 7505.37 4612.02
S1 15435.67 4605.33 7474.63 4567.73
S2 15242.59 4558.87 7441.87 4492.67
S3 14929.17 4481.12 7378.37 4373.32
           
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Oil India Ltd (Funding for HNI)

24th August, 2009

Dear Investor,

Greetings from Pragmatic Investments!

We would like to inform you about the Public Issue of Oil India Ltd (OIL) which will open for subscription on September 07, 2009 and we would be glad to partner you in this investment opportunity.

The issue highlights of Oil India Ltd, as per the prospectus are given below:

  •  OIL is a ‘Mini Ratna’ public sector undertaking (PSU), promoted by Government of India and is under the administrative control of the Ministry of Petroleum and Natural Gas. At present, the government of India holds 98.13% equity in the company which would get reduced to 78.43% post IPOOIL was incorporated in 1959 and is a second largest and a premier Indian National Oil Company, engaged in the business of exploration, development and production and transportation of crude oil and natural gas and production of LPG.
  • OIL has over 1 lakh sq km of Petroleum Exploratory License/Mining Lease areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.
  • The company also provides various E&P related services and holds 26% equity in Numaligarh Refinery
    Limited.
  • Presently, OIL’s exploration activities are spread over onshore areas of Ganga Valley and Mahanadi. OIL also has participating interest in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc. as well as various overseas projects in Libya, Gabon, Iran, Nigeria andSudan.
  • The object of the issue is to raise capital for exploration and appraisal activities, development activities in producing fields, purchase of capital equipments and contracts for facilities, diversification of existing business in downstream activities.
  • In 2008-09, the company reported a net profit of Rs 21.6 billion on a turnover of Rs 72 billion. It posted an EPS of Rs 101 during the same period, while its book value per share stood at Rs 436. OIL’s return oncapital employed (RoCE) and return on equity (RoE) for the year stood at 35% and 25%, respectively.
  • The issue has been rated by CRISIL Ltd as IPO grade 4 out of 5, indicating above average fundamentals.
    The tentative details of the issue are as under:
Number of Shares  Total issue size is of 2,64,49,982 equity shares of Rs. 10 each, out of which net issue to the public is 2,40,45,438 shares.
Net Issue Size Net issue to the public is 2,40,45,438 shares amounting to Rs. 2645 Crs
Price Band  Rs. 1000 – 1100 per share
Offer opens on  September 07, 2009
Offer closes on  September 11, 2009
Multiples of  6 Shares
HNI Category  10% of the Net Issue to the public (24,04,544 Shares)
Book Running Lead Managers JM Financial Consultants Pvt. Ltd., Morgan Stanley India Co. Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd. & HSBC Securities & Capital Markets India Pvt. Ltd.
Registrars  Karvy Computershare Pvt. Ltd
Listing  BSE & NSE
  • Once the issue details are finalized we will release the exact financing scheme for subscription in this public issue.
  • The Registration process can be initiated as it takes 7-8 working days for the completion of the account opening formalities.
  • Should you need any clarification, please contact us at +91 – 922 369 7999

With Regards,
Sachin Khairnar

Pragmatic Investments
Business Associates – Karvy Stock Broking Ltd

Headlines (24 Aug 2009)

Date: 24 August 2009

Thought for the day

“Over-learning and over-preparing gives you the winning edge in any area.”

-—Brian Tracy

 GENERAL

1)A scientist of Indian origin has created a new supercomputer, called Cystorm, which can carry out 28.16 trillion calculations per second. Cystorm, a Sun Microsystems machine, was developed by Mr Srinivas Aluru from the Iowa State University. The 3,200 computer processor cores that power Cystorm makes its perform 28.16 trillion calculations per second, which is five times the peak of CyBlue, an IBM Blue Gene/L supercomputer that’s been on campus since early 2006 and uses 2,048 processors to do 5.7 trillion calculations per second.

DC

ECONOMY

2)With various segments of the industry showing signs of recovery, a CII-Ascon survey on Sunday said the country’s economic growth could go up to 7% during 2009-10 against 6.7% in the previous fiscal. Projecting a 6.5-7% growth rate for the current fiscal, the survey said, “the corporate results for the first quarter of 2009- 10 showed some incipient signs of stablisation.”
 

FE

 

3)Even as the indirect tax kitty during the first four months of this fiscal shrunk by 28 per cent when compared to last year, the Government expects to meet the budgetary target of about Rs 2.7 lakh-crore, reading the signs of revival in economy.

Indian Express

CORPORATE / INDUSTRY

 4)In what could be the biggest deal in the healthcare sector, hospital chain Fortis is finalising a pact for buying 10 of Wockhardt’s hospitals in Kolkata, Mumbai and Bangalore for up to Rs 1,200 crore.

FE

5)Despite declining profits in the first four-and-a-half months of 2009-10, corporates are not shying away from declaring hefty interim dividends. In fact, they have paid Rs 2109 crore in the form of interim dividend during 2009-10(April-August).

FE

6)Soaring food prices coupled with weak monsoon has taken toll on biscuit industry, especially the SME units, in the country. The Rs 6,000-crore industry is looming under the escalating prices of major raw materials used in making biscuits.

FE

MONEY & BANKING

 7)Having missed the bus to a planned global acquisition in 2008, ICICI Bank on Sunday said it is open for a buyout in India as domestic takeover in the current environment makes better sense than an overseas buy.

DC

PENSION

 8)THE interim pension regulator is working on a separate fund management guideline for corporates, a move that will allow them to enter into agreement with fund managers for managing the pension fund of their employees. “The roadmap on the corpus management would be announced in the next three to four months,” an official of the interim Pension Fund Regulatory and Development Authority (PFRDA) told PTI.

Indian Express

MARKETS

 9)With the key US equity indices ending the week posting solid gains on the back of robust home sales data along with improved economic indicators from Germany and France is expected to set positive sentiments in the domestic equity bourses. The 30-share Sensex of the Bombay Stock Exchange(BSE) had ended the week with 1.52% gain on Friday while the broader 50 share Nifty of the National Stock Exchange(NSE) had closed 1.69% up. Experts argue that with news from the global markets turning positive, the Indian market is expected to extend their upward rally. Moreover, with the current month derivatives series set to expire in the coming week, market participants are expecting some amount of short-covering following positive global news flow that could further take the share prices higher.

FE

10)Booking profits from the surge in the markets early this month, overseas investors pulled out a net of over Rs 4,000 crore($82 billion) from Indian stocks over the past two weeks. So far in August, the foreign institutional investors have been net sellers on eight trading sessions, of a total of 15, data available with the Sebi shows.

DC

11)Foreign and domestic institutional investors have told the government that the disinvestment programme will sail through smoothly and there will be enough appetite for good quality government stock, officials said. The government has discussed the disinvestment issue with the heads of global and local financial community last Wednesday. Finance minister Pranab Mukherjee had called the meeting to assess the country’s investment climate. The 2009 Economic Survey has suggested that the government can raise Rs 25,000 crore annually through disinvestment.

FE

MUTUAL FUNDS

 12)Reliance Mutual Fund has announced dividends for three mutual fund schemes. While the Reliance Banking Fund holders will receive 20 per cent dividend, the investors of Reliance Pharma Fund will get 15 per cent and its tax saver ELSS Fund has declared a dividend of 15 per cent. “Our aim has always been to maintain positivity of results and ensure that we focus on long term wealth creation for our investors through prudent investment monitoring of trends and higher safety,” Reliance Mutual Fund CEO Sundeep Sikka said.

Indian Express

COMMODITIES

 13)Pepper market is in the grip of a bull run with traders and farmers betting on the market to firm up further on active buying by European buyers, who return from their holidays from the next week. Supply has become very tight with holders of stock waiting for a rally to maximise their gain, traders said. Though pepper prices have already crossed the $3,000 per tonne-mark in most of the origins, actual trade is limited.

FE

COMMUNICATIONS

 14)The Foreign Investment Promotion Board is believed to have cleared Norwegian telecom firm Telenor’s proposal to hike its stake in its joint venture Unitech Wireless, putting an end to a two-month long wait by the telco. Telenor ASA had completed the acquisition of a 67.25% stake in the joint venture with Unitech in March.

FE

INFORMATION TECHNOLOGY

 15)Mahindra Satyam has recalled around 1,000 of its associates who were sent on half-paid leave, as new orders begin trickling into the firm. The Hyderabad-based IT major expects some more recalls by the end of the six-month sabbatical.

DC

INTERNATIONAL

 16)Consumer spending in the US probably rose in July at half the pace of the previous month, showing the biggest part of the economy is struggling to rebound, economists said before reports this week. Purchases increased 0.2% after a 0.4% gain in June, according to the median estimate of 61 economists surveyed by Bloomberg News before a commerce department report on August 28. Other figures may show orders for long-lasting goods jumped and sales of new homes improved. The government’s “cash-for-clunkers” plan revived auto sales last month just as Americans cut back on items such as furniture and electronics. Depressed home values and the biggest employment slump since 1930s will prompt households to save more, meaning an economic recovery will be slow, even as housing and manufacturing stabilise.

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

FOR THE COMING WEEK (24 Aug 2009 – 28 Aug 2009)

FOR THE COMING WEEK: Indices are likely to face resistance at the 15350-15500-15650/4580-4650-4720 levels. Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 15050-14700-14200/4480-4450-4400 levels. Depending on the global cues we expect to see 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 look out for a sustainable move. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.

FOR THE DAY (24 Aug 2009)

FOR THE DAY: Domestic markets are likely to open on positive note following the strong Asian indices. Traders are advised to stay long above 4550 else from lower levels of 4500 levels with a final stop loss placed below 4450 levels. Investors are advised to remain cautious and play levels specific as higher levels may continue to witness profit taking. Hence, maintain a buy at dips strategy until the mentioned supports are held.