Support & Resistances for 09-11-2009

Support & Resistances for 09-11-2009
 
    SENSEX NIFTY FUTURE (Novt2009)
    BANKNIFTY NIFTY
06/11/2009 Open  16137.42 4767.50 8621.50 4814.95
High 16283.86 4836.20 8770.00 4834.90
Low 16075.19 4764.85 8616.30 4755.00
Close 16158.28 4796.15 8699.50 4790.15
LTP 16158.28 4796.15 8700.00 4797.00
Range 208.67 71.35 153.70 79.90
09/11/2009 R3 16589.78 4941.77 9002.67 4953.15
R2 16381.11 4870.42 8848.97 4873.25
R1 16269.70 4833.28 8774.23 4831.70
PP 16172.44 4799.07 8695.27 4793.35
S1 16061.03 4761.93 8620.53 4751.80
S2 15963.77 4727.72 8541.57 4713.45
S3 15755.10 4656.37 8387.87 4633.55
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point (09-11-2009 )

09/11/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 743.85 601.62 670.62 707.23 739.62 776.23 808.62 877.62
ACC 717.85 685.12 702.62 710.23 720.12 727.73 737.62 755.12
AMBUJACEM 83.80 75.23 79.93 81.87 84.63 86.57 89.33 94.03
AXISBANK 937.90 880.47 908.17 923.03 935.87 950.73 963.57 991.27
BHARTIARTL 320.05 299.25 309.75 314.90 320.25 325.40 330.75 341.25
BHEL 2,219.90 2036.42 2131.37 2175.63 2226.32 2270.58 2321.27 2416.22
BPCL 510.25 485.63 497.78 504.02 509.93 516.17 522.08 534.23
CAIRN 272.15 260.15 266.35 269.25 272.55 275.45 278.75 284.95
CIPLA 291.65 261.63 278.28 284.97 294.93 301.62 311.58 328.23
DLF 380.00 351.85 367.00 373.50 382.15 388.65 397.30 412.45
GAIL 370.55 350.48 360.48 365.52 370.48 375.52 380.48 390.48
GRASIM 2,169.10 2008.62 2097.37 2133.23 2186.12 2221.98 2274.87 2363.62
HCLTECH 305.25 288.37 297.82 301.53 307.27 310.98 316.72 326.17
HDFC 2,701.35 2561.73 2627.18 2664.27 2692.63 2729.72 2758.08 2823.53
HDFCBANK 1,640.00 1575.50 1607.00 1623.50 1638.50 1655.00 1670.00 1701.50
HEROHONDA 1,529.40 1414.47 1480.47 1504.93 1546.47 1570.93 1612.47 1678.47
HINDALCO 125.70 116.67 121.47 123.58 126.27 128.38 131.07 135.87
HINDUNILVR 272.60 258.02 266.37 269.48 274.72 277.83 283.07 291.42
ICICIBANK 848.55 806.18 828.38 838.47 850.58 860.67 872.78 894.98
IDEA 50.50 42.57 47.17 48.83 51.77 53.43 56.37 60.97
IDFC 157.70 145.13 150.83 154.27 156.53 159.97 162.23 167.93
INFOSYSTCH 2,218.60 2105.48 2162.93 2190.77 2220.38 2248.22 2277.83 2335.28
ITC 248.85 234.70 242.45 245.65 250.20 253.40 257.95 265.70
JINDALSTEL 656.80 600.97 632.87 644.83 664.77 676.73 696.67 728.57
JPASSOCIAT 228.25 207.25 216.75 222.50 226.25 232.00 235.75 245.25
LT 1,579.55 1489.85 1531.85 1555.70 1573.85 1597.70 1615.85 1657.85
M&M 972.70 923.13 949.03 960.87 974.93 986.77 1000.83 1026.73
MARUTI 1,471.25 1367.98 1425.88 1448.57 1483.78 1506.47 1541.68 1599.58
NTPC 210.55 199.55 205.25 207.90 210.95 213.60 216.65 222.35
ONGC 1,158.35 1104.12 1130.12 1144.23 1156.12 1170.23 1182.12 1208.12
PNB 888.70 809.23 847.03 867.87 884.83 905.67 922.63 960.43
POWERGRID 106.70 102.78 104.93 105.82 107.08 107.97 109.23 111.38
RANBAXY 414.40 380.97 396.47 405.43 411.97 420.93 427.47 442.97
RCOM 178.15 165.98 172.68 175.42 179.38 182.12 186.08 192.78
RELCAPITAL 783.90 711.53 751.43 767.67 791.33 807.57 831.23 871.13
RELIANCE 1,957.50 1864.33 1909.23 1933.37 1954.13 1978.27 1999.03 2043.93
RELINFRA 1,093.10 981.15 1043.10 1068.10 1105.05 1130.05 1167.00 1228.95
RPOWER 143.95 134.80 139.85 141.90 144.90 146.95 149.95 155.00
SAIL 165.75 153.72 160.22 162.98 166.72 169.48 173.22 179.72
SBIN 2,205.00 2053.42 2124.37 2164.68 2195.32 2235.63 2266.27 2337.22
SIEMENS 523.80 500.72 513.67 518.73 526.62 531.68 539.57 552.52
STER 804.20 756.07 780.07 792.13 804.07 816.13 828.07 852.07
SUNPHARMA 1,402.90 1292.12 1345.47 1374.18 1398.82 1427.53 1452.17 1505.52
SUZLON 66.30 57.48 61.83 64.07 66.18 68.42 70.53 74.88
TATAMOTORS 569.95 527.65 551.15 560.55 574.65 584.05 598.15 621.65
TATAPOWER 1,271.05 1124.48 1209.68 1240.37 1294.88 1325.57 1380.08 1465.28
TATASTEEL 499.80 464.93 481.93 490.87 498.93 507.87 515.93 532.93
TCS 622.15 580.98 602.28 612.22 623.58 633.52 644.88 666.18
UNITECH 87.15 81.22 84.12 85.63 87.02 88.53 89.92 92.82
WIPRO 598.45 568.17 585.02 591.73 601.87 608.58 618.72 635.57

Headlines (06-11-2009)

Date: 06 November 2009

Thought for the day

“There are powers inside of you, which, if you could discover and use, would make of you everything you ever dreamed or imagined you could become.”

—Orison Swett Marden

 GENERAL

1)Faced with delays and escalating costs, the 19the Commonwealth Games, to be held in New Delhi next October, received a major boost on Thursday, with the Union Cabinet deciding to more than double the budget allocation.

Hindu

ECONOMY

2)DISINVESTMENT is back on track. In the first policy decision on the disinvestment front by the current UPA government, the Cabi- net Committee on Economic Affairs(CCEA) decided that all unlisted firms with a three-year track record of net profit and positive net- worth should list on the bourses with the Sebi-stipulated minimum public float of 10%.

ET

3)Food inflation inched up to 13.3 per cent for the week ended October 24 primarily due to the rise in prices of potatoes and onions, compared with 12.85 per cent in the week ended October 17. With this, the government introduced a new system for presenting inflation data of only primary and fuel products on a weekly basis. The overall inflation figures will now be issued in the middle of every month.

BS

CORPORATE / INDUSTRY

 4)GVK Airport Developers Pvt Ltd, a wholly-owned subsidiary of GVK Power and Infrastructure Ltd(GVKPIL), has acquired a 12% stake in Bengaluru International Airport Ltd(BIAL) from Zurich Airport for Rs 484.60 crore. GVK and Zurich Airport will also jointly pursue opportunities for airport development projects in the country.

FE

5)To boost to its consumer care and lighting business, which contributes close to 9 per cent to its top line, Wipro has acquired the business of Yardley in Asia, West Asia, Australasia and certain African markets from UK-based Lornamead Group for $45.5 million (around Rs 210 crore). The transaction is expected to be completed by mid-December and revenue would start flowing from the March quarter.

BS

MONEY & BANKING

 6)The rupee on Thursday recovered its early losses and ended marginally up at 47.02/03 against the US dollar on expectations of more capital inflows into equity and dollar selling by exporters.

BL

7)Though the Reserve Bank of India has announced exit from its year-long accomodative monetary policy, major public and private sector banks seem to be inclined towards continuing their cheaper home loan schemes for some more time.

FE

INSURANCE

8)Aegon Religare Life Insurance launched iTerm, a new term-plan that will be sold exclusively online. “It is the cheapest term plan currently available in the market, making it the most attractive product,” Mr Rajiv Jamkhedkar, CEO, said at the launch. Premiums for iTerm are 50-60 per cent cheaper when compared with the term plans offered by other players, he said.

BL

PENSION

9)The Pension Fund Regulatory Development Authority has increased the maximum age for entering the new pension scheme(NPS) to 60 years from 55 years earlier. The move will provide retirement savings and a regular income flow to non-government employees who are not covered under any pension plan.

BS

MARKETS

10)The country’s equity indices, after witnessing volatility through- out the trading session, ended the day on positive terrain following intense buying in telecom stocks and benchmark heavyweights. The 30-share Sensex of the BSE added 151.77 points or 0.95% to close at 16,063.90 points. The broader Nifty rose 54.75 points or 1.16%. According to provisional figures, foreign institutional investors were net sellers at Rs 126.94 crore while domestic institutional investors bought stocks worth Rs 199.50 crore on Thursday.

FE

IPO

 11)HYDERABAD-BASED power generation company Ind-Barath Power Infra, which recently got $100-million funding from private equity funds Sequoia Capital and Bessermer Venture Partners, is planning to go public soon.

ET

MUTUAL FUNDS

12)SEBI chairman CB Bhave, who played a key role in revolutionising stock trading in the country more than a decade ago as the head of National Securities Depository(NSDL), may be about to trigger another one. This time, in mutual fund (MF) investing. Come March, investors can directly buy or redeem units at the click of a button, bypassing intermediaries.

ET

13)FUND accountants and administrators, who have been providing back-office services to the mutual fund industry for close to a decade now may soon come under the regulatory framework of market regulator the Securities and Exchange Board of India(Sebi).

ET

COMMODITIES

 14)Futures trading in commodities is fast picking up pace, with average daily turnover of the leading commodity exchanges in the last two months has surpassed the cash equity turnover of the National stock Exchange(NSE) and Bombay Stock Exchange(BSE).The average daily turnover in MCX during October stood at Rs 21,000 crore compared with Rs 18,253.15 crore recorded by NSE in its cash equity segment. In fact, on October 8, MCX with a total turnover of Rs 31,067 crore managed to surpass the combined turn- over of BSE and NSE(Rs 27,315 crore) in the cash equity market.

FE

15)Leading commodity exchange MCX on Thursday launched two short- duration futures contracts in maize that will expire in November and December this year. “The commodity market regulator has given per- mission to launch a shorter duration contracts in maize(feed/ industrial grade) for two months,” an official with MCX said.

FE

16)Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk. The precious metal reached a high of $1,097.25 an ounce on Wednesday after a pledge from the US Federal Reserve to keep interest rates low knocked the dollar. But the currency bounced back, diminishing interest in gold as an alternative asset. Spot gold was bid at $1090.10 an ounce at 1024 GMT, against $1,092.35 late in New York on Wednesday.

BL

17)A sharp fall in stocks across all leading producing countries has strenghthened the bull phase in the international pepper market. Reports emerging from major producing countries puts the total global stock at around 45,000-46,000 tonnes. According to experts, the November to January period is going to be crucial for pepper trade.

BS

 18)Indian Commodity Exchange(ICEX) is likely to launch operations on November 23 with 10 contracts in the farm and non-farm space, a source familiar with the development informed.

BS

REAL ESTATE

 19)Indiareit Fund Advisors Pvt Ltd, a real estate fund manager promoted by the $1.8-billion Piramal Enterprises, is preparing to raise a $500-million offshore fund. Indiareit is wooing London- based private equity and venture capital firm 3i, which manages 11.7 billion euros worth of assets globally, into its new offshore fund, sources close to the development said.

FE

COMMUNICATIONS

 20)In the next few months new operators offering a large number of free short messaging service(SMS) deals to attract mobile subscribers might soon find it difficult to do so. Telecom operators that have contracted bulk deals with companies to send un- solicited messages to operators in other networks might also find it more expensive.

BS

 INTERNATIONAL

 21)WORLD oil prices fell on Thursday as traders took profits from the previous days gains and fretted over the outlook for weak demand, analysts said. New York’s main contract, light sweet crude for deli- very in December sank 45 cents to $79.95 a barrel.

ET

22)TOYOTA Motor announced on Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan’s giant automakers. The world’s largest car company attributed the unexpected profit – its first after three losing quarters – to government measures around the world de- signed to boost sales of environmentally friendly cars and other vehicles.

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

FOR THE DAY (06-11-2009)

FOR THE DAY:

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

Trade long if Nifty holds 4780 levels targeting 4830/4850/4880 with stop loss placed at 4765.

Today’s Levels (06-11-2009)

(Last Close : Sensex 16064 : Nifty 4766)

Today’s Levels

Trade long if Sensex sustains above 16092 (Nifty 4776)
[Upper targets/resistances at 16260(4815)/16358(4850) or higher]

Trade short if Sensex fails to sustain above 16358 (Nifty 4850)
[Lower targets/supports at 16260(4815)/16092(4776) or lower]