Pivot Point (05-11-2009)

05/11/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
BHARTIARTL 305.60 271.28 287.63 296.62 303.98 312.97 320.33 336.68
PNB 855.45 767.82 815.82 835.63 863.82 883.63 911.82 959.82
MARUTI 1,462.30 1341.67 1395.57 1428.93 1449.47 1482.83 1503.37 1557.27
STER 771.85 650.00 703.45 737.65 756.90 791.10 810.35 863.80
JPASSOCIAT 212.55 173.02 190.92 201.73 208.82 219.63 226.72 244.62
LT 1,546.65 1467.22 1504.22 1525.43 1541.22 1562.43 1578.22 1615.22
TCS 625.70 585.23 603.23 614.47 621.23 632.47 639.23 657.23
NTPC 211.15 183.52 196.32 203.73 209.12 216.53 221.92 234.72
IDFC 149.95 124.37 135.62 142.78 146.87 154.03 158.12 169.37
SUZLON 55.15 41.75 49.25 52.20 56.75 59.70 64.25 71.75
GRASIM 2,170.30 1990.10 2084.10 2127.20 2178.10 2221.20 2272.10 2366.10
AMBUJACEM 89.10 78.05 82.90 86.00 87.75 90.85 92.60 97.45
ABB 725.05 664.13 693.08 709.07 722.03 738.02 750.98 779.93
RCOM 169.70 148.13 158.03 163.87 167.93 173.77 177.83 187.73
HDFCBANK 1,623.95 1486.13 1551.78 1587.87 1617.43 1653.52 1683.08 1748.73
HDFC 2,650.35 2416.67 2520.72 2585.53 2624.77 2689.58 2728.82 2832.87
HEROHONDA 1,521.20 1354.98 1430.43 1475.82 1505.88 1551.27 1581.33 1656.78
HINDALCO 119.15 96.15 106.25 112.70 116.35 122.80 126.45 136.55
HINDUNILVR 277.95 253.43 264.38 271.17 275.33 282.12 286.28 297.23
CAIRN 264.55 248.02 255.72 260.13 263.42 267.83 271.12 278.82
IDEA 51.00 43.97 47.27 49.13 50.57 52.43 53.87 57.17
DLF 365.00 299.83 329.33 347.17 358.83 376.67 388.33 417.83
POWERGRID 104.45 94.02 98.62 101.53 103.22 106.13 107.82 112.42
RPOWER 138.15 124.83 130.98 134.57 137.13 140.72 143.28 149.43
INFOSYSTCH 2,237.15 2016.72 2117.72 2177.43 2218.72 2278.43 2319.72 2420.72
ITC 254.60 226.95 239.20 246.90 251.45 259.15 263.70 275.95
M&M 929.50 803.17 859.17 894.33 915.17 950.33 971.17 1027.17
ACC 729.00 657.50 689.60 709.30 721.70 741.40 753.80 785.90
ONGC 1,133.40 1052.27 1089.67 1111.53 1127.07 1148.93 1164.47 1201.87
RANBAXY 398.70 341.93 366.63 382.67 391.33 407.37 416.03 440.73
RELCAPITAL 723.55 619.98 666.78 695.17 713.58 741.97 760.38 807.18
RELIANCE 1,920.70 1703.20 1798.50 1859.60 1893.80 1954.90 1989.10 2084.40
SAIL 160.20 142.80 151.00 155.60 159.20 163.80 167.40 175.60
SBIN 2,171.30 1882.70 2010.30 2090.80 2137.90 2218.40 2265.50 2393.10
SIEMENS 510.15 458.88 482.78 496.47 506.68 520.37 530.58 554.48
SUNPHARMA 1,374.85 1302.95 1340.95 1357.90 1378.95 1395.90 1416.95 1454.95
TATAPOWER 1,307.20 1142.23 1219.23 1263.22 1296.23 1340.22 1373.23 1450.23
TATAMOTORS 570.20 503.20 533.00 551.60 562.80 581.40 592.60 622.40
TATASTEEL 469.00 380.47 419.27 444.13 458.07 482.93 496.87 535.67
UNITECH 82.35 61.92 71.12 76.73 80.32 85.93 89.52 98.72
WIPRO 597.65 546.87 571.02 584.33 595.17 608.48 619.32 643.47
BHEL 2,157.30 1959.55 2056.50 2106.90 2153.45 2203.85 2250.40 2347.35
GAIL 344.10 311.23 327.13 335.62 343.03 351.52 358.93 374.83
ICICIBANK 827.75 744.35 781.25 804.50 818.15 841.40 855.05 891.95
BPCL 504.65 489.05 496.55 500.60 504.05 508.10 511.55 519.05
RELINFRA 1,030.90 922.68 971.33 1001.12 1019.98 1049.77 1068.63 1117.28
AXISBANK 924.10 849.93 882.83 903.47 915.73 936.37 948.63 981.53
JINDALSTEL 646.20 538.40 585.40 615.80 632.40 662.80 679.40 726.40
CIPLA 292.30 267.50 280.90 286.60 294.30 300.00 307.70 321.10
HCLTECH 287.80 263.33 275.73 281.77 288.13 294.17 300.53 312.93

Support & Resistances for 05-11-2009

Support & Resistances for 05-11-2009
 
    SENSEX NIFTY FUTURE (Novt2009)
    BANKNIFTY NIFTY
04/11/2009 Open  15487.97 4567.30 8310.00 4585.30
High 15929.09 4717.80 8509.00 4711.85
Low 15487.97 4565.00 8244.00 4581.20
Close 15912.13 4710.80 8486.95 4705.20
LTP 15912.13 4710.80 8485.00 4711.85
Range 441.12 152.80 265.00 130.65
05/11/2009 R3 16658.64 4970.13 8943.32 4927.38
R2 16217.52 4817.33 8678.32 4796.73
R1 16064.82 4764.07 8582.63 4750.97
PP 15776.40 4664.53 8413.32 4666.08
S1 15623.70 4611.27 8317.63 4620.32
S2 15335.28 4511.73 8148.32 4535.43
S3 14894.16 4358.93 7883.32 4404.78
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Headlines (04 Nov 2009)

Date: 04 November 2009 Thought for the day

“The words you consistently select will shape your destiny.”

 –Anthony Robbins

GENERAL

1)Over the next four days from Wednesday, the sprawling Infosys campus in Mysore will play host to one of the most sought after shows on the Net. “TED(Technology, Entertainment and Design) talks,” in India for the first time, brings together top achievers from various fields on one stage.

Hindu

ECONOMY

2)The government does not plan to withdraw the series of stimulus it had announced earlier to revive the economy hit hard by the global economic slowdown or impose curbs on the rising capital inflows, finance minister Pranab Mukherjee said. The finance minister also does not see inflation, which rose to 1.51% for the week ending October 17, as a pressing area of concern.

ET

3)THE government on Tuesday said it is looking at bringing down its stake in listed state-run companies to 90% to comply with the capital market regulator Sebi’s requirement that at least 10% of the paid-up capital of listed companies should be with the public.ET

 CORPORATE / INDUSTRY

4)INDIA Hospitality Corporation(IHC), an investment firm listed on London Stock Exchange’s AIM market, is putting together a Rs 1,000 crore fund to chase acquisitions in Indian hospitality sector. The company has plans to raise funds through institutional investors in the overseas market.

ET

5)Larsen & Toubro(L&T) has bagged a Rs 6,897-crore engineer-pro- cure-construct(EPC) order from Maharashtra State Power Generation Company for super-critical boiler turbine generator units. When commissioned, Mahagenco’s 1980-mw project in Koradi, Nagpur, will add close to 50 million units to the national grid everyday.FE

MONEY & BANKING

6)Snapping a two-session rally, the rupee on Tuesday fell sharply by 44 paise at 47.40/41 against the US dollar on signs of increased capital outflows amid weak domestic bourses. Forex dealers said a firm dollar overseas against a basket of currencies also put pres- sure on the local unit.

BL

7)INDIA’s largest bank, State Bank of India, which launched a special home loan scheme in February this year to woo home buyers by offering the lowest rates in the industry will soon decide on whether to extend the scheme beyond November 7 when it is set to expire. As part of the scheme, which received a good response, the bank offered a fixed rate of 8% for loans up to Rs 5 lakh for five years, while loans up to Rs 50 lakh were priced at 8% for the first year, 8.5% for the second and third year and in subsequent years it would be linked to the prime lending rate.

ET

8)THE board of directors of State Bank of Mysore(SBM) has approved a rights issues which would raise Rs 600 crore(including premium). “The aim of the issue is to bolster our capital base and help in the growth of the bank,” a senior official of the bank told  ET.

ET

MARKETS

9)Domestic stocks slipped for the sixth consecutive day on Tuesday as global cues remained negative. Opening after an extended weekend, the Sensex dived 491 points to a two-month low of 15,404.8 points, while the Nifty fell 3.14 per cent to 4,563.9 points. The Sensex in the last six trading sessions has fallen 1404 points or 8.35 per cent.

BL

10)The Bharti Airtel stock jumped almost 3 per cent to Rs 299.95 in falling markets after SingTel said it had agreed to increase its effective stake in the company to 31.95 per cent from 30.43 per cent.BS

11)THE Securities and Exchange Board of India(Sebi) is considering a flexible tenure for stock lending and borrowing(SLB) contracts. At present, the tenure for a SLB contract is 30 days, which means that the investor who has borrowed shares will have to return them to the lender on the thirtieth day from the transaction. If the fixed tenure is done away with, lenders and borrowers can decide on the date of repayment, among themselves. ET

MUTUAL FUNDS

12)Assets under management of mutual funds rose marginally in October, partly on the back of inflows enjoyed by selected funds and lower redemptions, said fund managers. The industry AUM amounted to Rs 7,51,477 crore as on end of October, against Rs 7,42,910 crore in end-September. Five fund houses are yet to report AUMs.

BL

COMMODITIES

13)A WEAK currency and RBI’s 200-tonne gold purchase from the International Monetary Fund thrust local spot and futures prices of the yellow metal to a record high on Tuesday. Gold of 99.5% purity in Mumbai was trading at a record high of Rs 16,280 per 10 gm at the time of writing while gold for delivery in December on local bourse MCX was at a lifetime high of Rs 16,321 per 10 gm despite overseas gold trading $10 lower from its all-time high of $1,072 an ounce in mid-October. “Rupee weakness has led to prices touching record highs,” said Suresh Hundia, president of Bombay Bullion Association. “Internationally, the price is ruling below the all-time high so that shows its rupee costing which is behind the rise.”

ET

14)The Multi Commodity Exchange on Tuesday launched futures contracts in two agricultural commodities – mentha oil and almond – to be expired in January 2010. The January 2010 contract of mental oil opened at Rs 543 per kg and was trading at Rs 539 per kg at 1130 hrs. The almond contract could not attract much trade in early trading hours, the exchange data showed. 

FE

15)Maize futures swifted 2.42% on Tuesday on increased buying by traders, inspired by low arrivals and better demand in spot markets. Marketmen said fall in supply from growing regions and better off- take by stockists in the markets, directed the trading sentiments here in futures prices of maize. At the NCDEX counter, current November month delivery contract for maize prices shot up by 2.42% at Rs 1,014 per quintal, with an open interest in 4,150 lots. 

FE

16)Pepper futures shot up on good buying support and amid reports of tight supply position. Operators bought pepper from the spot market and sold in the futures market. The operators were said to be buyers for MG 1 exchange delivered at warehouses at October price. 

BL

 17)Concerned with the 45 per cent increase in turmeric prices in just a month, commodity market regulator FMC has asked ex- changes to take measures to arrest the volatilty in futures rates.

 BS

 COMMUNICATIONS

 18)The tariff war in the telecom sector has intensified with Reliance Communications(RComm) coming up with two variants of pricing for short and long duration calls. Rcomm said it would offer 1 paise/ second single call rate for short duration callers, while for sub- scribers making long duration calls, the rate will be Re 1 for 3 minutes. The company will offer 50p/minute tariff rate for those with standard call duration. The rates will come into effect from November 5, 2009, under its Simply Reliance brand.

 FE

 INFORMATION TECHNOLOGY

 19)India’s largest information technology services provider, Tata Consultancy Services(TCS), has been chosen strategic IT partner by the City Council of Cardiff in Britain for 15 years. The contract value is close to 150 million pounds(around Rs 1,160 crore) said analysts. The other contenders were IBM and BT Global Services.

 BS

 20)INDIA’S top tech firms Tata Consultancy Services(TCS) and Wipro and others are pursuing Target Corp’s captive technology centre for a potential acquisition which could come bundled with a long- term outsourcing contract worth $300-400 million. America’s second biggest discount retailer Target has around 1,500 staff employed at its Bangalore centre for software development and maintenance.ET

21)COGNIZANT reported the best sequential revenue increase in its history during the quarter ended September and provided better forecast than larger Indian peers, helped by higher investments in sales efforts and new businesses from top customers, including JP Morgan and UBS. During one of the toughest periods that the global outsourcing industry has witnessed, Cognizant grew its net profit by 36%, ahead of rivals TCS, Infosys and Wipro, and also revised its revenue forecast for the year by around 15.5% to $3.255 billion. During quarter ended June this year, Cognizant had forecast 11.5% growth.ET

22)Mahindra Satyam on Tuesday bagged an IT outsourcing contract from Swedish defence and aerospace firm, SaaB, to develop its operations for the global defense and homeland security market in India. The deal value is estimated at $300 million. ET

 INTERNATIONAL

23)WARREN Buffett’s Berkshire Hathaway agreed to buy railroad Burlington Northern Santa in the company’s biggest takeover. Buffett’s firm will pay $26 billion, or $100 a share in cash and stock, for the 77.4% of the railroad it doesn’t already own.

ET

 24)Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the UK taxpayer as the two banks agreed to cap bonuses.

 BS

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 (04-11-2009)

(Last Close : Sensex 15405 : Nifty 4564)

Today’s Levels

Trade long if Sensex sustains above 15337 (Nifty 4548)
[Upper targets/resistances at 15430(4569)/15567(4608) or higher]

Trade short if Sensex fails to sustain above 15430 (Nifty 4569)
[Lower targets/supports at 15337(4548)/15275(4537) or lower]

FOR THE DAY (04-11-2009)

FOR THE DAY:

 The indices are expected to open on a flat-to-positive note tracking mixed global indices.

Trade long in Nifty from 4580 levels targeting 4620/4650 with stop loss placed at 4570.

Alternatively, trade short in Nifty from 4650 stop loss placed at 4700 targeting lower supports.