Support & Resistances (07 Sep 2009)

Support & Resistances for 07-09-2009
 
    SENSEX NIFTY FUTURE (Sep 2009)
    BANKNIFTY NIFTY
04/09/2009 Open  15539.34 4608.70 7372.00 4601.00
High 15598.18 4697.20 7499.00 4712.00
Low 15356.72 4580.35 7355.25 4583.00
Close 15398.33 4680.40 7467.80 4695.50
LTP 15398.33 4680.40 7485.00 4695.65
Range 241.46 116.85 143.75 129.00
07/09/2009 R3 15934.00 4886.35 7728.18 4921.50
R2 15692.54 4769.50 7584.43 4792.50
R1 15545.43 4724.95 7526.12 4744.00
PP 15451.08 4652.65 7440.68 4663.50
S1 15303.97 4608.10 7382.37 4615.00
S2 15209.62 4535.80 7296.93 4534.50
S3 14968.16 4418.95 7153.18 4405.50
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point (07 Sep 2009)

07/09/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
RELIANCE 1981.15 1852.05 1911.05 1946.10 1970.05 2005.10 2029.05 2088.05
ICICIBANK 743.90 699.47 720.97 732.43 742.47 753.93 763.97 785.47
RELCAPITAL 904.70 835.13 865.83 885.27 896.53 915.97 927.23 957.93
DLF 414.50 362.30 385.70 400.10 409.10 423.50 432.50 455.90
LT 1567.40 1399.87 1476.87 1522.13 1553.87 1599.13 1630.87 1707.87
TATASTEEL 430.25 403.38 415.48 422.87 427.58 434.97 439.68 451.78
RELINFRA 1143.85 1056.28 1094.98 1119.42 1133.68 1158.12 1172.38 1211.08
HDFC 2462.65 2244.22 2342.22 2402.43 2440.22 2500.43 2538.22 2636.22
ONGC 1178.20 1072.57 1120.07 1149.13 1167.57 1196.63 1215.07 1262.57
SBIN 1762.45 1697.97 1728.92 1745.68 1759.87 1776.63 1790.82 1821.77
STER 670.05 600.10 631.75 650.90 663.40 682.55 695.05 726.70
RCOM 292.05 272.70 281.95 287.00 291.20 296.25 300.45 309.70
INFOSYSTCH 2201.05 2082.92 2137.82 2169.43 2192.72 2224.33 2247.62 2302.52
BHARTIARTL 405.00 384.62 394.47 399.73 404.32 409.58 414.17 424.02
BHEL 2212.05 2147.63 2178.08 2195.07 2208.53 2225.52 2238.98 2269.43
NTPC 206.30 198.85 202.40 204.35 205.95 207.90 209.50 213.05
HCC 107.30 96.60 101.50 104.40 106.40 109.30 111.30 116.20
JAICORPLTD 224.50 209.68 216.43 220.47 223.18 227.22 229.93 236.68
JINDALSTEL 3281.55 3039.85 3145.85 3213.70 3251.85 3319.70 3357.85 3463.85
SAIL 164.30 153.35 158.20 161.25 163.05 166.10 167.90 172.75
HDFCBANK 1454.25 1376.42 1411.42 1432.83 1446.42 1467.83 1481.42 1516.42
TATAMOTORS 508.30 467.05 487.10 497.70 507.15 517.75 527.20 547.25
AXISBANK 907.25 862.75 882.55 894.90 902.35 914.70 922.15 941.95
ITC 233.25 208.85 220.05 226.65 231.25 237.85 242.45 253.65
TCS 531.90 500.77 517.57 524.73 534.37 541.53 551.17 567.97
RPOWER 161.95 151.60 156.85 159.40 162.10 164.65 167.35 172.60
CAIRN 259.75 242.52 250.22 254.98 257.92 262.68 265.62 273.32
M&M 867.45 727.68 790.88 829.17 854.08 892.37 917.28 980.48
TATAPOWER 1293.45 1196.15 1239.15 1266.30 1282.15 1309.30 1325.15 1368.15
HINDUNILVR 273.05 246.97 259.32 266.18 271.67 278.53 284.02 296.37
HINDALCO 105.20 98.73 101.73 103.47 104.73 106.47 107.73 110.73
POWERGRID 107.15 101.13 103.78 105.47 106.43 108.12 109.08 111.73
MARUTI 1546.60 1437.20 1486.60 1516.60 1536.00 1566.00 1585.40 1634.80
IDEA 80.50 74.95 77.40 78.95 79.85 81.40 82.30 84.75
WIPRO 552.30 533.77 542.77 547.53 551.77 556.53 560.77 569.77
SUNPHARMA 1209.60 1129.43 1165.33 1187.47 1201.23 1223.37 1237.13 1273.03
GRASIM 2678.60 2442.95 2546.90 2612.75 2650.85 2716.70 2754.80 2858.75
TATACOMM 495.65 448.80 473.85 484.75 498.90 509.80 523.95 549.00
GAIL 356.70 325.47 340.37 348.53 355.27 363.43 370.17 385.07
RANBAXY 321.55 310.10 315.55 318.55 321.00 324.00 326.45 331.90
ACC 792.75 727.92 756.92 774.83 785.92 803.83 814.92 843.92
CIPLA 267.80 251.67 259.07 263.43 266.47 270.83 273.87 281.27
HEROHONDA 1610.90 1374.58 1478.03 1544.47 1581.48 1647.92 1684.93 1788.38
SIEMENS 504.45 458.07 478.82 491.63 499.57 512.38 520.32 541.07
PNB 681.35 654.25 666.85 674.10 679.45 686.70 692.05 704.65
AMBUJACEM 100.00 96.75 98.40 99.20 100.05 100.85 101.70 103.35
NATIONALUM 334.20 309.73 321.53 327.87 333.33 339.67 345.13 356.93
ABB 751.80 680.33 711.73 731.77 743.13 763.17 774.53 805.93
HCLTECH 304.90 288.30 296.30 300.60 304.30 308.60 312.30 320.30
BPCL 558.90 508.77 534.57 546.73 560.37 572.53 586.17 611.97

Headlines (04 Sep 2009)

Date: 04 September 2009

 Thought for the day

“Excellence is not a destination; it is a continuous  journey that never ends.”

 –Brian Tracy

 GENERAL

1)Congress on Thursday hailed Y S Rajasekhara Reddy, who was killed in a chopper crash, as a “man of vision and courage” and attributed Congress’s revival in Andhra Pradesh to the leadership of the departed leader. Prime Minister Manmohan Singh, party chief Sonia Gandhi and general secretary Rahul Gandhi will reach Hyderabad on Friday to pay homage to YSR and meet members of this family.

TOI

ECONOMY

2)ANNUAL inflation measured by the wholesale price index(WPI) registered its lowest fall in the last three months, with inflationary pressures starting to build up in the economy. Inflation for the week ended August 22 moved up to -0.21% from -0.95% recorded  in the week before, data released by the commerce ministry on  Thursday showed.

ET

3)THE government has cleared eight FDI proposals which are likely  to bring in Rs 1.31 crore into the country. The largest FDI of Rs 1.28 crore will be brought in by US-based information technology firm Tecnotree Convergence.

ET

CORPORATE / INDUSTRY

4)THE Brij Mohan Khaitan group-controlled McLeod Russel India(MRIL), the largest integrated tea conglomerate in the world, has announced plans to buy some 75% stake in Olyana Holdings, an American company. This is the group’s second overseas acquisition of a tea plantation, after it took over Phu Ben Tea Company of Vietnam last October.

ET

5)HEALTH and skin care products maker Johnson & Johnson on  Thursday announced the launch of its global beauty care brand ‘Neutrogena’ in the domestic market with an aim to be one of the top five companies in India.

ET

6)MOSER Baer India said it has bagged an engineering, procurement & construction (EPC) contract from Mahagenco, the Maharashtra government led power generation company, to develop solar power project for it in Chandrapur, Maharashtra.

ET

MONEY & BANKING

7)THE rupee ended stronger by five paise at 48.91/92 against the  US currency amid weak equity markets. At the interbank foreign exchange market, domestic unit opened remarkably higher at  48.82/84 a dollar and firmed up further to 48.80.

ET

8)Standard Chartered aims to add at least $500 million in client  assets at its Indian wealth arm by the end of 2010, taking the  total under management at the unit to more than $2 billion, a  senior executive said.

BS

INSURANCE

9)INSURANCE regulator Irda has instructed general insurers to  give a 15-day free-look period for health insurance policies with a duration of three years to the insured. “All health insurance policies having a duration of three or more years will have a pro- vision that on the first inception of the policy, the insured has a period of 15 days from the receipt of the documents to review the terms and conditions of the policy,” the Insurance Regulatory and Development Authority(Irda) said in a circular. Within these 15 days, a policy-holder can return the policy, stating the reasons for his objection, if he disagrees to any of the terms or conditions, the regulator said.

ET

MARKETS

10)Shares ended lower for a fourth straight session on Thursday as investors ignored positive cues from most Asian markets and pared positions. The Sensex closed down 69.13 points, or 0.5 percent, at 15,398.33, after volatile trading between 15,356.72 and  15,598.18. Asian shares ended mostly higher with some markets pepping up after a lacklustre start as Chinese stocks posted their biggest percentage gain since March.

BL

11)SUB-brokers in the stock market are likely to be exempted from  the requirement of registering with the capital market regulator before starting their operations as per a proposal under consideration of the Finance Ministry and the Securities and Exchange Board of India(Sebi).

ET

STOCK SPLIT

12)IL&FS Investment Managers on Thursday said it has received  shareholders’ approval for sub-division of shares in the ratio of 1:5. Company’s shareholders have given their approval for the stock- split of face value of Rs 10 a piece into five shares of Rs 2 each, the company said in a filing to the BSE.

FE

MUTUAL FUNDS

 13)Tired of filling several application forms to invest in different mutual fund schemes? Wait till March 2010, and you’ll just click this cumbersome process away. The advisory committee of the Association of Mutual Funds in India(Amfi) has finalised a proposal containing recommendations for a common platform to provide easy access to investors and distributors to reduce costs, improve efficiency and save time. To begin with, investors will have to register with a designated agency that will give them unique identification numbers, which could be their permanent accont numbers, and passwords. Through this, they can log on to a website, trans- act and access information, including the value of all their mutual fund investments.

BS

14)UTI Mutual Fund on Thursday declared a dividend of Re 1 a unit  under its UTI Leadership Equity Fund. The record date for the dividend is September 8, the fund house said in a statement.

BL

COMMODITIES

15)India’s monsoon rains were near normal for the third successive week in the seven days to September 2, official sources said,  likely helping boost depleted reserviors levels and providing a last lift for the soybean crop.

FE

16)GOLD prices on Thursday surged to a seven-month high to Rs 15,700 per 10 gram, close to its record high levels in February, in the national capital on brisk buying by traders for the festival season, and firm cues from global markets amid falling stocks. The precious metal spurted by Rs 270 at Rs 15,700 per 10 gram, a level last  seen on February 18, just Rs 50 less than the record level seen on the next day.

ET

17)Indian spot sugar prices jumped over 4% to a fresh record peak on Thursday buoyed by good retail demand and a delay in announcing  non-levy sugar quota for September, traders said. Depleting stockpile and firmness in overseas markets also bolstered sentiments, they said.

FE

18)The three national commodity exchanges recorded a staggering performance in August despite uncertainty over recovery in global economies forced participants to play safe and hold back their investment and trading plans. The three exchanges including the Multi Commodity Exchange(MCX), the National Commodity & Derivatives Exchange(NCDEX) and the National Multi-Commodity Exchange(NMCE) that represents over 95 per cent of the country’s future trade, witnessed 45.40 percent rise in turnover at Rs 6,17,484.83 crore in August 2009 as com- pared to Rs 4,24,666.28 crore in the corresponding month last year.

BS

REAL ESTATE

19)Housing prices, which have cooled down from their peak, are expected to rise by 15 per cent in the next one year on back of  an increased demand, a report by investment banker JP Morgan on the realty sector has said.

BS

20)THE Rs 15,000-crore Ahmedabad-Gandhinagar realty market, a  significant portion of the Rs 40,000-crore state’s real estate, will soon get to choose from 500 new projects, worth Rs 2,500 to Rs 3,000 crore. The projects by developers, state as well as national players, will be showcased at the annual Gujarat Institute of Housing & Estate Developers'(GIHED) 3-day property show that begins on September 11 in Ahmedabad. The number of projects has increased from 300 to 500 this year, said GIHED past president Jaxay Shah.

ET

INFORMATION TECHNOLOGY

21)SIGNS of recovery in the US and the European economies makes  Nasscom hopeful of seeing double-digit growth in the country’s IT exports sector. “We feel that IT software and service exports will attain growth in double digit in next financial year on the back of revival of economies of US and Europe which were hit by meltdown, ” Nasscom chairman Pramod Bhasin told reporters on the sidelines of an event.

ET

22)IT bigwigs HCL, Genpact, TCS are mapping Chandigarh and adjoining Tier-II and Tier-III cities for expansion. With Infosys, Wipro and Tech Mahindra already entrenched in the Rajiv Gandhi Chandigarh Technology Park, the city is fast becoming a preferred choice for IT companies.

FE

23)INDIA’S largest IT employer Tata Consultancy Services, that is eyeing the $10-billion revenue mark in the years to come, said it will hire 25,000 people globally this year, 90% of which will be in India.

ET

INTERNATIONAL

 24)Crude oil retreated after more Americans than anticipated filed claims for jobless benefits last week, spurring scepticism about  the strength of the recovery from the country’s worst recession since the 1930s. Crude oil for October delivery declined 5 cents to $68 a barrel at 10:20 a.m. on the New York Mercantile Exchange.

BL

25)THE global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organisation for Economic Co-operation and Development on Thursday.

ET

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

Today’s Levels (04 Sep 2009)

(Previous Close : Sensex 15398 : Nifty 4594)

Today’s Levels

Trade long if Sensex sustains above 15376 (Nifty 4587)
[Upper targets/resistances at 15436(4600)/15532(4634) or higher]

Trade short if Sensex fails to sustain above 15436 (Nifty 4600)
[Lower targets/supports at 15376(4587)/15300(4565) or lower]

FOR THE DAY (04 Sep 2009)

FOR THE DAY:

The indices are expected to open on a flat note tracking flattish US markets.

Trade long in Nifty if it holds 4600 levels, with a stop loss placed at 4580 levels.

Alternatively assumes speculative short if Nifty slips below 4580 else from if nifty fails to breach 4650 levels.