Pivot Point (23-10-2009)

23/10/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
BHARTIARTL 337.05 318.42 327.42 332.23 336.42 341.23 345.42 354.42
PNB 849.65 812.97 832.32 840.98 851.67 860.33 871.02 890.37
MARUTI 1,491.10 1384.83 1437.03 1464.07 1489.23 1516.27 1541.43 1593.63
STER 815.55 757.85 789.85 802.70 821.85 834.70 853.85 885.85
JPASSOCIAT 237.95 198.70 221.25 229.60 243.80 252.15 266.35 288.90
LT 1,609.80 1454.57 1541.47 1575.63 1628.37 1662.53 1715.27 1802.17
TCS 625.85 571.18 599.78 612.82 628.38 641.42 656.98 685.58
NTPC 212.85 200.18 206.68 209.77 213.18 216.27 219.68 226.18
IDFC 156.45 146.27 151.62 154.03 156.97 159.38 162.32 167.67
SUZLON 84.65 78.67 82.02 83.33 85.37 86.68 88.72 92.07
GRASIM 2,216.55 2069.52 2153.52 2185.03 2237.52 2269.03 2321.52 2405.52
AMBUJACEM 89.90 87.15 88.50 89.20 89.85 90.55 91.20 92.55
ABB 791.40 730.07 765.67 778.53 801.27 814.13 836.87 872.47
RCOM 232.65 212.75 222.15 227.40 231.55 236.80 240.95 250.35
HDFCBANK 1,666.00 1587.00 1624.00 1645.00 1661.00 1682.00 1698.00 1735.00
HDFC 2,677.50 2531.73 2610.63 2644.07 2689.53 2722.97 2768.43 2847.33
HEROHONDA 1,595.00 1491.00 1551.00 1573.00 1611.00 1633.00 1671.00 1731.00
HINDALCO 137.95 126.17 132.72 135.33 139.27 141.88 145.82 152.37
HINDUNILVR 278.30 256.10 266.10 272.20 276.10 282.20 286.10 296.10
CAIRN 283.85 269.93 277.18 280.52 284.43 287.77 291.68 298.93
IDEA 59.80 56.40 58.30 59.05 60.20 60.95 62.10 64.00
DLF 448.90 395.17 425.77 437.33 456.37 467.93 486.97 517.57
POWERGRID 109.10 86.37 96.77 102.93 107.17 113.33 117.57 127.97
RPOWER 159.65 153.60 156.85 158.25 160.10 161.50 163.35 166.60
INFOSYSTCH 2,213.15 2100.52 2159.32 2186.23 2218.12 2245.03 2276.92 2335.72
ITC 247.85 232.65 239.75 243.80 246.85 250.90 253.95 261.05
M&M 896.65 848.05 872.55 884.60 897.05 909.10 921.55 946.05
ACC 765.60 736.03 751.93 758.77 767.83 774.67 783.73 799.63
ONGC 1,171.85 1127.90 1151.75 1161.80 1175.60 1185.65 1199.45 1223.30
RANBAXY 369.50 329.40 352.10 360.80 374.80 383.50 397.50 420.20
RELCAPITAL 894.50 846.80 873.10 883.80 899.40 910.10 925.70 952.00
RELIANCE 2,135.20 2024.07 2085.07 2110.13 2146.07 2171.13 2207.07 2268.07
SAIL 183.05 167.38 176.18 179.62 184.98 188.42 193.78 202.58
SBIN 2,324.75 2202.32 2271.92 2298.33 2341.52 2367.93 2411.12 2480.72
SIEMENS 566.75 519.75 545.65 556.20 571.55 582.10 597.45 623.35
SUNPHARMA 1,322.85 1239.28 1284.28 1303.57 1329.28 1348.57 1374.28 1419.28
TATAPOWER 1,428.40 1330.63 1381.53 1404.97 1432.43 1455.87 1483.33 1534.23
TATAMOTORS 541.50 506.03 525.03 533.27 544.03 552.27 563.03 582.03
TATASTEEL 542.40 512.62 529.27 535.83 545.92 552.48 562.57 579.22
UNITECH 100.20 88.57 95.27 97.73 101.97 104.43 108.67 115.37
WIPRO 577.05 536.75 559.05 568.05 581.35 590.35 603.65 625.95
BHEL 2,415.05 2325.52 2369.22 2392.13 2412.92 2435.83 2456.62 2500.32
GAIL 379.65 353.92 366.32 372.98 378.72 385.38 391.12 403.52
ICICIBANK 891.40 829.47 864.47 877.93 899.47 912.93 934.47 969.47
BPCL 521.85 474.10 496.45 509.15 518.80 531.50 541.15 563.50
RELINFRA 1,250.20 1154.07 1208.07 1229.13 1262.07 1283.13 1316.07 1370.07
AXISBANK 966.15 917.22 944.12 955.13 971.02 982.03 997.92 1024.82
JINDALSTEL 701.85 618.62 664.62 683.23 710.62 729.23 756.62 802.62
CIPLA 284.25 266.27 275.42 279.83 284.57 288.98 293.72 302.87
HCLTECH 327.15 304.12 315.12 321.13 326.12 332.13 337.12 348.12

Support & Resistances for 23-10-2009

Support & Resistances for 23-10-2009
 
    SENSEX NIFTY FUTURE (Oct 2009)
    BANKNIFTY NIFTY
22/10/2009 Open  17229.72 5063.36 9255.00 5053.00
High 17248.69 5064.25 9270.00 5067.95
Low 16997.86 4968.45 9070.00 4972.60
Close 17009.17 4988.60 9286.70 5070.80
LTP 17009.17 4988.60 9145.00 5002.10
Range 250.83 95.80 200.00 95.35
23/10/2009 R3 17586.90 5198.70 9608.90 5227.82
R2 17336.07 5102.90 9408.90 5132.47
R1 17172.62 5045.75 9347.80 5101.63
PP 17085.24 5007.10 9208.90 5037.12
S1 16921.79 4949.95 9147.80 5006.28
S2 16834.41 4911.30 9008.90 4941.77
S3 16583.58 4815.50 8808.90 4846.42
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Headlines (22-10-2009)

Date: 22 October 2009

 Thought for the day

“No iron chain, or outward force of any kind, can ever compel the soul of a person to believe or to disbelieve.”

-Thomas Carlyle

GENERAL

1)Counting of votes in Assembly elections in Maharashtra, Haryana and Arunachal Pradesh will be taken up on Thursday and the 10-day long suspense over who will form the next government is expected to be over in a few hours later.

Indian Express

ECONOMY

2)INDIA’S economy is expected to grow at 6.5% in the current fiscal, an improvement over the earlier official estimate of 6% plus growth, as robust industrial growth in the second half of the current fiscal is expected to more than make up for the monsoon-hit farm sector, according to an assessment of the economy released on Tuesday by the country’s premier thinktank – the Prime Minister’s Economic Advisory Council(EAC).

ET

3)Interest rates are likely to remain soft as FM Pranab Mukherjee on Wednesday ruled out any immediate plans to withdraw the fiscal stimulus. Prime Minister Economic Advisory Council(PMEAC) chairman C Rangarajan also indicated that the current easy monetary policy will continue till March 2010.

TOI

4)In a first government-industry synergy of efforts, a high-level trade delegation is making a two-phase visit to Europe, covering five major countries in a move to attract $6 billion of foreign direct investment(FDI) by 2015 into the country’s textile sector.

BL

CORPORATE / INDUSTRY

5)ESS Dee Aluminium, which recently acquired India Foils, is close to making its first major global acquisition in Europe. The deal is likely to be sealed within the next one or two months. As a precursor to the deal, Ess Dee is preparing to get listed on the London Stock Exchange.

ET

6)Pharma group Ind-Swift on Wednesday said it is looking for a string of acquisitions worth Rs 350 crore in Europe, the West Asia and Latin America to strengthen marketing and distribution network in the regions. The group is also looking at acquiring manufacturing assets within India in the range of RS 10-20 crore to overcome capacity constraints.

FE

7)Areva T&D India has been awarded a Rs 900-crore EPC (engineering, procurement and construction) contract by the Maharashtra State Electricity Transmission Company for turnkey design and construction of 36 sub-stations with 132 kv AND 220 kv configurations.

BL

MONEY & BANKING

8)THE rupee fell to its lowest in more than a week on Wednesday, as a fall in local share prices turned sentiment cautious about the direction of fund flows and some banks bought dollars cheaper to arbitrage offshore. The partially convertible rupee ended at 46.485/495 per dollar, off an early low of 46.52, its weakest since October 12 and 0.8% below its Tuesday’s close of 46.11/12.

ET

9)Private sector lender, Yes Bank has reported a net profit of Rs 111.71 crore for the second quarter ended September 30,2009 as against Rs 63.6 crore during the corresponding period last year, showing a growth of 75.6%.

FE

MARKETS

10)Extending the losses for the second day in succession, the Sensex on Wednesday nosedived by over 200 points on profit-selling in banking and auto segments amid weak Asian cues. The Sensex remained weak for most part of the day and closed lower by 213.84 points at 17,009.17. Similarly, National Stock Exchange index Nifty dropped by 50.85 points to 5,063.60. Marketmen said a weak trend in the Asian region influenced trading sentiment.

ET

11)As the markets and the economy have started booming again, foreign investors are back in business. Nowadays, their attention is primarily centering around the Indian exchanges such as the National Stock Exchange(NSE), National Commodity & Derivatives Exchange Ltd(NCDEX) and Multi Commodity Exchange Ltd(MCX).

FE

MUTUAL FUNDS

12)The domestic mutual fund industry has appreciated the Security and Exchange Board of India’s(Sebi’s) move on clearing and settlement of trades in corporate bonds through clearing corporations. Fund houses believe the step will bring transparency in the bond market and enhance liquidity.

BS

CORPORATE SCORE

13)Riding on strong sales during the current festive season coupled with new launches, the country’s largest two-wheeler manufacturer Hero Honda on Wednesday posted its highest-ever net profit, up 95% at Rs 597.14 crore for the quarter ending September 30 against the same period last year. This is the second consecutive quarter when the companies’ sales have crossed the million unit mark. During the quarter, the company’s total revenues recorded a growth of 26.8% at Rs 4059.44 crore against Rs 3202.05 crore in the corresponding period last fiscal.

FE

14)INFRASTRUCTURE company Jaiprakash Associates(JAL) on Wednesday reported a more than four-times jump in net profit to Rs 870 crore for the September quarter on treasury share sale, even as it announced that it would issue one bonus equity share for every two shares held in the company. The company grossed a profit of Rs 942 crore on sale of treasury shares which helped the company clock a net profit of Rs 870 crore, as against Rs 203 crore in the year-ago quarter.

ET

COMMODITIES

15)A JUMP in traded values of agri products, energy and base metals helped commodity exchanges in India record a 30% year-on-year growth in turnover at Rs 33.63 lakh crore in the first-half of the fiscal, latest data from market regulator Forward Markets Commission (FMC) on 21 commexes, including three national level bourses, show. The increase in agri traded values, by 61% to Rs 5.26 lakh crore, has enabled exchanges such as National Commodity & Derivatives Ex- change(NCDEX) and Ahmedabad-based National Multi Commodity Exchange(NMCE) increase their average daily turnover. NCDEX’s daily turnover has gone up from Rs 2048 crore in the first half of FY09 to Rs 2621 crore in H1 FY10, while NMCE has witnessed spectacular 518% jump at Rs 1,280.5 crore over the same period. Exchange officials attributed the jump in agri volumes to the re- listing of four commodities – potato, soyaoil, rubber and chana.

ET

16)High prices seem not a deterent for customers when it comes to buying gold, particularly on auspicious occasion such as Diwali and Dhanteras. Despite high prices, gold sales across the country during the Diwali week ended October 18 were marginally higher by six per cent at 56 tonnes against 53 tonnes during the same period a year ago, according to the World Gold Council, an industry association of the world’s leading gold mining companies.

BL

17)The country’s largest commodity exchange, MCX, on Wednesday launched futures contracts in four farm commodities – wheat, chana,guarseed and turmeric. The turmeric contract is available for November delivery, chana for January 2010, guarseed and wheat for February 2010 delivery, the exchange said in a circular.

FE

18)Gold prices firmed up further on the bullion market in Mumbai on renewed stockists demand. Standard gold(99.5 purity) rose by Rs 30 for 10 grams to Rs 15,920. Pure gold(99.9 purity) increased Rs 55 for 10 grams to Rs 16,000. Silver ready(.999 fineness) dropped by Rs 190 a kg to Rs 27,440.

BL

COMMUNICATIONS

19)With an estimated Rs 30,000 crore of revenue at stake to bridge a yawning fiscal deficit, Finance Minister Pranab Mukherjee has categorically told Communications Minister A Raja that auctions for licences for third-generation or 3G telecom services cannot spill over to the next calendar year under any circumstances.

BS

INFORMATION TECHNOLOGY

20)IT services provider Mahindra Satyam, formerly Satyam Computer, has secured contracts valued at Arab Emirates Dirhams 30 million (Rs 37.59 crore) in the Middle East and North Africa(MENA) markets in the second quarter of FY09-10. It expects to double its business in this region in the next 18-24 months, leveraging on the growing demand within the government, banking, telecom and real estate sectors, the company said on Wednesday.

ET

21)Software giant Microsoft will formerly launch its much touted operating system(OS) – Windows 7 – in India today. The company is on a good wicket in the country, say analysts, with a nearly 90 per cent market share comprising XP(primarily) and Vista users.

BS

INTERNATIONAL

22)Crude oil futures rose after a US Government report showed a bigger-than-forecast decline in supplies of gasoline. Crude oil for December delivery rose 52 cents, or 0.7 per cent, to $79.64 a barrel at 10:37 a.m. on the New York Mercantile Exchange.

BL

23)Yahoo Inc beat Wall Street’s profit and sales expectations as spending by advertisers showed signs of life in the third quater and as months of cost-cutting and restructuring boosted the Internet company’s bottom line. Net earnings was $186 million, or 13 cents a share, in the third quarter, up from $54.3 million, or 4 cents per share, in the year-earlier quarter.

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

Today’s Levels (22-10-2009)

(Last Close : Sensex 17009 : Nifty 5064)

Today’s Levels

Trade short if Sensex fails to sustain above 17028 (Nifty 5059)
[Lower targets/supports at 16947(5040)/16850(5005) or lower]

Trade long if Sensex sustains above 16947 (Nifty 5040)
[Upper targets/resistances at 17028(5059)/17094(5070) or higher]