Pivot Point (14-09-2009)

 

 

14/09/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 743.10 713.60 728.50 735.80 743.40 750.70 758.30 773.20
ACC 773.60 719.62 750.57 762.08 781.52 793.03 812.47 843.42
AMBUJACEM 98.20 91.40 95.20 96.70 99.00 100.50 102.80 106.60
AXISBANK 902.90 847.70 875.80 889.35 903.90 917.45 932.00 960.10
BHARTIARTL 421.20 389.75 404.60 412.90 419.45 427.75 434.30 449.15
BHEL 2256.45 2175.42 2218.02 2237.23 2260.62 2279.83 2303.22 2345.82
BPCL 559.50 501.83 532.23 545.87 562.63 576.27 593.03 623.43
CAIRN 262.20 246.95 254.90 258.55 262.85 266.50 270.80 278.75
CIPLA 265.10 255.43 260.53 262.82 265.63 267.92 270.73 275.83
DLF 398.55 359.43 381.18 389.87 402.93 411.62 424.68 446.43
GAIL 350.15 324.20 336.25 343.20 348.30 355.25 360.35 372.40
GRASIM 2648.35 2487.70 2574.75 2611.55 2661.80 2698.60 2748.85 2835.90
HCLTECH 312.90 300.53 306.43 309.67 312.33 315.57 318.23 324.13
HDFC 2523.10 2447.10 2484.50 2503.80 2521.90 2541.20 2559.30 2596.70
HDFCBANK 1491.25 1420.98 1452.48 1471.87 1483.98 1503.37 1515.48 1546.98
HEROHONDA 1567.35 1420.68 1492.58 1529.97 1564.48 1601.87 1636.38 1708.28
HINDALCO 124.40 107.47 114.87 119.63 122.27 127.03 129.67 137.07
HINDUNILVR 256.10 236.75 247.40 251.75 258.05 262.40 268.70 279.35
ICICIBANK 835.15 779.88 806.28 820.72 832.68 847.12 859.08 885.48
IDEA 76.85 72.13 74.88 75.87 77.63 78.62 80.38 83.13
INFOSYSTCH 2267.40 2115.95 2183.00 2225.20 2250.05 2292.25 2317.10 2384.15
ITC 227.10 214.78 221.33 224.22 227.88 230.77 234.43 240.98
JINDALSTEL 3371.35 3070.28 3243.18 3307.27 3416.08 3480.17 3588.98 3761.88
LT 1627.95 1555.98 1587.98 1607.97 1619.98 1639.97 1651.98 1683.98
M&M 821.30 764.78 795.43 808.37 826.08 839.02 856.73 887.38
MARUTI 1468.60 1332.10 1405.10 1436.85 1478.10 1509.85 1551.10 1624.10
NATIONALUM 342.70 323.22 332.37 337.53 341.52 346.68 350.67 359.82
NTPC 205.20 200.27 203.07 204.13 205.87 206.93 208.67 211.47
ONGC 1176.75 1138.15 1157.85 1167.30 1177.55 1187.00 1197.25 1216.95
PNB 706.50 641.35 670.30 688.40 699.25 717.35 728.20 757.15
POWERGRID 108.20 103.58 105.73 106.97 107.88 109.12 110.03 112.18
RANBAXY 338.40 298.87 316.27 327.33 333.67 344.73 351.07 368.47
RCOM 297.85 271.13 285.08 291.47 299.03 305.42 312.98 326.93
RELCAPITAL 900.15 840.38 871.38 885.77 902.38 916.77 933.38 964.38
RELIANCE 2140.85 2006.45 2072.75 2106.80 2139.05 2173.10 2205.35 2271.65
RELINFRA 1164.90 1100.10 1134.70 1149.80 1169.30 1184.40 1203.90 1238.50
RPOWER 162.95 154.00 158.85 160.90 163.70 165.75 168.55 173.40
SAIL 168.80 158.87 163.87 166.33 168.87 171.33 173.87 178.87
SBIN 1920.50 1772.15 1843.50 1882.00 1914.85 1953.35 1986.20 2057.55
SIEMENS 523.90 483.53 505.43 514.67 527.33 536.57 549.23 571.13
STER 746.20 665.20 707.00 726.60 748.80 768.40 790.60 832.40
SUNPHARMA 1207.65 1170.97 1189.92 1198.78 1208.87 1217.73 1227.82 1246.77
SUZLON 95.80 87.73 91.93 93.87 96.13 98.07 100.33 104.53
TATACOMM 478.05 457.18 468.68 473.37 480.18 484.87 491.68 503.18
TATAMOTORS 550.30 494.78 523.63 536.97 552.48 565.82 581.33 610.18
TATAPOWER 1271.25 1224.02 1250.12 1260.68 1276.22 1286.78 1302.32 1328.42
TATASTEEL 469.00 401.62 439.07 454.03 476.52 491.48 513.97 551.42
TCS 560.35 534.62 548.12 554.23 561.62 567.73 575.12 588.62
UNITECH 108.05 98.52 103.52 105.78 108.52 110.78 113.52 118.52
WIPRO 550.95 525.83 538.58 544.77 551.33 557.52 564.08 576.83

Support & Resistances for 14-09-2009

Support & Resistances for 14-09-2009
 
    SENSEX NIFTY FUTURE (July2009)
    BANKNIFTY NIFTY
11/09/2009 Open  16254.57 4819.40 7885.00 4851.00
High 16337.98 4856.15 7964.00 4862.00
Low 16130.32 4791.55 7806.75 4795.05
Close 16264.30 4829.55 7933.10 4841.80
LTP 16246.30 4829.55 7959.00 4841.80
Range 207.66 64.60 157.25 66.95
14/09/2009 R3 16659.52 4954.95 8215.78 4966.85
R2 16451.86 4890.35 8058.53 4899.90
R1 16358.08 4859.95 7995.82 4870.85
PP 16244.20 4825.75 7901.28 4832.95
S1 16150.42 4795.35 7838.57 4803.90
S2 16036.54 4761.15 7744.03 4766.00
S3 15828.88 4696.55 7586.78 4699.05
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Headlines (11 Sep 2009)

Date: 11 September 2009

 Thought for the day

“Much of the stress you experience may be created by recognizing a problem and doing nothing about it.”

 –Wess Roberts

GENERAL

1)India and Bangladesh on Thursday announced that both countries would conclude three agreements, including one for mutual legal assistance on criminal matters, and work on issues of river water sharing, connectivity, trade and energy.

 Hindu

ECONOMY

2)THE Wholesale Price Index(WPI) fell for the thirteenth successive week though the drop was lower at 0.12% for the week ended August 29 against 0.21% decline in the week before, a release by the commerce ministry on Thursday showed. However, going by the 0.46% point upward revision in the index for the week ended July 4, the annual rate of inflation may have already moved into the positive zone.

ET

3)THE Indian economy could well be on its way out of the woods if the money pumped into the country by foreigners is anything to go by. For the first time in more than a year, foreign direct investment (FDI) crossed the $3-billion mark on a monthly basis. Total FDI inflow amounted to $3,476 million in July, up 55% from $2,247 million a year ago, shows the latest data from the RBI monthly bulletin that was released on Thursday.

ET

CORPORATE / INDUSTRY

 4)Government-owned power equipment maker BHEL has bagged an order worth Rs 990 crore from Indian Railways for the manufacture and supply of 150 electric locomotives. The company is gearing up to meet the emerging demand in the transportation segment, which is expected to grow exponentially due to Indian Railways’ plans for capacity enhancements both in rolling stocks as well as Rail net- work.

ET

5)INDIA’S largest power generating company National Thermal Power Corporation(NTPC) on Thursday said that the government may sell up to 5% of its equity in the company before March. The move is part of the United Progressive Alliance(UPA) government’s dis- investment programme under which it intends to sell a minority stake in select public sector undertakings.

ET

MONEY & BANKING

6)Amid dollar firming up in the overseas markets, the rupee on Thursday lost 12 paise against the US currency after recording significant gains in early trade in tune with stock markets. Dealers in foreign exchange said increased portfolio inflows boosted the rupee sentiment in early stages. Foreign institutional investors had pumped in $456.80 million on September 7 and 8, according to provisional data. In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local currency closed lower by 12 paise at 48.63/64 a dollar.

BL

7)With loan growth yet to pick up, banks have begun parking their surplus resources with mutual funds(MF). Till August 14, the mutual fund investments of both public and private sector banks stood at Rs 1.56 lakh crore, or an increase of Rs 1.36 lakh crore over the corresponding period of the last financial year.

BL

8)Kerala-based South Indian Bank has announced a new low-rate housing loan scheme with fixed rate of interest for the first three years. The scheme, titled ‘SIB Shelter’ with fixed interest rate for the first three years, would provide loans for purchasing ready-built houses or flats or constructing new ones on one’s own land any- where in India, an SIB release said. The interest rates under the scheme would be as low as 8.5% fixed per annum for the first 18 months and 9.5% in the following 18 months, it said.

FE

INSURANCE

 9)Unit-linked insurance products(Ulips) filed after October 1 will have a lock-in of five years. The Insurance Regulatory and Development Authority(Irda) is planning to increase the period from three years at present to check mis-selling. The decision will be applicable on products filed after September 30,2009.

BS

MARKETS

 10)Indian equity indices after witnessing huge volatility ended the day with minimal gains on profit booking. The 30-share Sensex of the Bombay Stock Exchange(BSE) added 33.31 points,or 0.21%, to end the day at 16,216.86 points. The broader S&P CNX Nifty was up 5.15 points, or 0.11%, to close at 4,819.40 points. Domestic markets started the day with positive gap and traded in green with strong cues from the global markets. But during the final hours of the trading some selling in the auto and realty stocks, led the market to shed the initial gains.

FE

11)National Stock Exchange’s recent move to introduce the ‘spread order’ system, with validity for such trades in an entire session, has been hailed by analysts as a major step to boost activity in the equity derivatives segment. The new system, which will help traders capture price anomalies between futures contracts more efficiently, is expected to moderate market volatility ahead of the monthly derivatives series expiries. A spread order is a combination of futures or options orders that are executed in a single transaction to create a trading strategy. A simple spread order could involve buying and selling a futures contract of two different months to exploit price differences. Earlier, traders had to execute such spread transactions by placing two separate orders, resulting in inefficiencies and uncertainty during the trade execution. As profit margins in such trades are thin, there is very little scope for mistakes. Brokers said trading through this system will reduce the execution errors, especially while rolling over positions from an expiring contract to the next.

ET

IPO

12)THE Securities and Exchange Board of India(Sebi)-appointed primary market advisory committee(PMAC), which met on Thursday, has recommended limiting the period for participation by qualified institutional buyers (QIBs) in the subscription process of an IPO, an official familiar with the development told ET.

ET

13)The initial public offering of Oil India Ltd(OIL) was subscribed over 30.6 times on Thursday, the final day of closing. It received bids for 80.93 crore shares against 2.64 crore on offer as on 1600 hrs.

FE

14)Pipavav Shipyard,a private ship builder, fixed the price band for its initial public offering at Rs 55-60 on Thursday. The company plans to raise a maximum of Rs 512 crore through the issue. The proceeds will be used for construction of facilities for ship building, ship repair and offshore business. It will also be used for its working capital requirements and other corporate purposes. The company’s 8.5 crore shares IPO will open on September 16 and close on September 18.

BL

 MUTUAL FUNDS

 15)Axis AMC, a newly-set up mutual funds company, is open to inorganic growth and would consider acquisition opportunities if the fitted in with its strategic growth plans, a senior company official said.

ET

COMMODITIES

16)Gold prices slipped below $990 an ounce in Europe on Thursday, giving up earlier gains, as the dollar index turned higher, denting interest in the precious metal as an alternative asset. Spot gold eased to $988.30 an ounce at 0940 GMT against $991.15 late in New York on Wednesday.

BL

17)High gold prices, it seems, have not impacted buying sentiment. Bullion dealers and jewellers are witnessing a revival in demand, especially for pure gold in the form of coins and bars. Usually when the gold breached the traditional Rs 14,500-per 10 gram mark, profit-booking set in and fresh buying declined. Also, the period of Shraddha, which began last Saturday and which lasts for 15 days, is considered inauspicious for making new investments. However, bucking these trends, consumers continue to buy on expectations of a further upside in prices towards Rs 17000, said Jitendra Kantilal Jain from Jugraj Kantilal and Co, a prominent bullion merchant.

ET

REAL ESTATE

 18)Home loan seekers can save up to Rs 10,000 on their monthly repayments for one year, as the government today approved 1 per cent interest subsidy for housing that cost less than Rs 20 lakh. Aimed at promoting low-cost housing, the subsidy will be available for loans up to Rs 10 lakh, provided the cost of the dwelling unit does not exceed Rs 20 lakh, Minister of Information and Broadcasting Affairs Ambika Soni said after a meeting of the cabinet, which cleared the proposal of the finance ministry.

BS

19)THE green building technology is all set to attract investments aggregating to around Rs 20,000 crore this fiscal from the private sector, says Indian Green Building Council(IGBC) chairman Prem C Jain. “A clutch of real estate firms have already registered over 400 projects with the IGBC whose value is more than Rs 20,000 crore. The projects launched by smaller firms will be an additional investment in green technology,” Mr Jain said. The major players investing in the green technology include K Raheja, Lodha Group, Hiranandani Group, Tata Realty Infrastructure, Savvy Infrastructure and 3C, he added.

ET

COMMUNICATIONS

 20)TELECOM operators on the popular GMS-based platform added 9.3 million subscribers in August down 6% when compared to 9.9 million new users who took up a cellular connection in the previous month. India continues to be the world’s fastest growing mobile market and the total number of GSM users in the country has now risen to 335.4 million as August-end as per data released by the Cellular Operators’ Association of India(COAI), the industry body that re- present telcos on this mobile technological platform.

ET

INFORMATION TECHNOLOGY

21)WITH its key export market US yet to show any signs of revival, Infosys on Thursday said it would bid for all big government projects in the country and would target a billion dollar(Rs 5,000 crore) revenue from India in the next 3-4 years.

ET

22)MID-sized software services firm MindTree will be making a foray into China having bagged a significant outsourcing contract from the country’s biggest telecommunications equipment maker Huawei Technologies.

ET

INTERNATIONAL

23)Opec said it will keep oil production quotas unchanged, banking on a recovery in the world economy to maintain prices near today’s $72 a barrel as the International Energy Agency raised its global demand forecast.

FE

24)THE US employment picture will stay bleak well into next year long after the recession ends, but the worst of the labour market crisis is over, top private economists said on Thursday. Private economists polled for the Blue Chip Economic Indicators September survey say the unemployment rate will reach at least 10% in early 2010 and “recede from that level only grudgingly over the second half of the year”.

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 (11 Sep 2009)

(Last Close : Sensex 16217 : Nifty 4819)

Today’s Levels

Trade long if Sensex sustains above 16184 (Nifty 4820)
[Upper targets/resistances at 16240(4840)/16335(4855) or higher]

Trade short if Sensex fails to sustain above 16240 (Nifty 4840)
[Lower targets/supports at 16184(4820)/16100(4786) or lower]

FOR THE DAY (11 Sep 2009)

FOR THE DAY:

The indices are expected to open on a positive note tracking positive Asian indices.

Trade long in Nifty if it holds 4820 levels, else from lower support of 4780  with a stop loss placed at 4760 levels, targeting 4850-4880.