Support & Resistances for 13-11-2009

Support & Resistances for 13-11-2009
 
    SENSEX NIFTY FUTURE (Novt2009)
    BANKNIFTY NIFTY
12/11/2009 Open  16822.18 5004.40 9300.00 4998.00
High 16896.62 5014.40 9330.50 5017.00
Low 16605.01 4924.75 9011.20 4917.55
Close 16696.03 4952.65 9083.25 4953.10
LTP 16696.03 4952.65 9130.00 4969.05
Range 291.61 89.65 319.30 99.45
13/11/2009 R3 17315.77 5143.23 9780.25 5161.45
R2 17024.16 5053.58 9460.95 5062.00
R1 16860.10 5003.12 9272.10 5007.55
PP 16732.55 4963.93 9141.65 4962.55
S1 16568.49 4913.47 8952.80 4908.10
S2 16440.94 4874.28 8822.35 4863.10
S3 16149.33 4784.63 8503.05 4763.65
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Pivot Point 13-11-2009

13/11/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 768.55 724.67 745.62 757.08 766.57 778.03 787.52 808.47
ACC 737.30 704.15 720.80 729.05 737.45 745.70 754.10 770.75
AMBUJACEM 85.35 79.97 82.82 84.08 85.67 86.93 88.52 91.37
AXISBANK 980.10 913.12 950.07 965.08 987.02 1002.03 1023.97 1060.92
BHARTIARTL 298.95 273.90 287.65 293.30 301.40 307.05 315.15 328.90
BHEL 2,267.05 2132.17 2200.82 2233.93 2269.47 2302.58 2338.12 2406.77
BPCL 513.95 490.08 502.28 508.12 514.48 520.32 526.68 538.88
CAIRN 278.00 262.02 270.87 274.43 279.72 283.28 288.57 297.42
CIPLA 304.60 287.98 296.93 300.77 305.88 309.72 314.83 323.78
DLF 369.60 318.55 347.40 358.50 376.25 387.35 405.10 433.95
GAIL 377.90 345.52 363.57 370.73 381.62 388.78 399.67 417.72
GRASIM 2,267.05 2143.52 2206.42 2236.73 2269.32 2299.63 2332.22 2395.12
HCLTECH 333.35 290.62 310.12 321.73 329.62 341.23 349.12 368.62
HDFCBANK 1,716.55 1653.25 1687.65 1702.10 1722.05 1736.50 1756.45 1790.85
HDFC 2,738.55 2580.37 2665.72 2702.13 2751.07 2787.48 2836.42 2921.77
HEROHONDA 1,520.90 1453.82 1486.67 1503.78 1519.52 1536.63 1552.37 1585.22
HINDALCO 129.05 119.08 124.48 126.77 129.88 132.17 135.28 140.68
HINDUNILVR 264.40 253.17 259.27 261.83 265.37 267.93 271.47 277.57
ICICIBANK 892.60 810.37 855.87 874.23 901.37 919.73 946.87 992.37
IDEA 50.80 46.82 48.77 49.78 50.72 51.73 52.67 54.62
IDFC 166.55 153.88 160.78 163.67 167.68 170.57 174.58 181.48
INFOSYSTCH 2,326.40 2196.10 2258.40 2292.40 2320.70 2354.70 2383.00 2445.30
ITC 252.95 237.82 246.22 249.58 254.62 257.98 263.02 271.42
JINDALSTEL 680.25 632.42 659.02 669.63 685.62 696.23 712.22 738.82
JPASSOCIAT 237.05 211.98 225.48 231.27 238.98 244.77 252.48 265.98
LT 1,640.40 1566.93 1603.73 1622.07 1640.53 1658.87 1677.33 1714.13
M&M 1,037.35 975.80 1007.05 1022.20 1038.30 1053.45 1069.55 1100.80
MARUTI 1,423.10 1311.95 1375.80 1399.45 1439.65 1463.30 1503.50 1567.35
NTPC 214.75 209.10 211.95 213.35 214.80 216.20 217.65 220.50
ONGC 1,148.00 1112.23 1131.53 1139.77 1150.83 1159.07 1170.13 1189.43
PNB 909.30 867.10 891.10 900.20 915.10 924.20 939.10 963.10
POWERGRID 106.35 98.23 102.78 104.57 107.33 109.12 111.88 116.43
RANBAXY 412.10 372.53 393.43 402.77 414.33 423.67 435.23 456.13
RCOM 174.55 160.52 167.52 171.03 174.52 178.03 181.52 188.52
RELCAPITAL 807.10 744.80 779.50 793.30 814.20 828.00 848.90 883.60
RELIANCE 2,101.25 1986.42 2048.42 2074.83 2110.42 2136.83 2172.42 2234.42
RELINFRA 1,141.70 1049.57 1098.17 1119.93 1146.77 1168.53 1195.37 1243.97
RPOWER 143.75 137.17 140.82 142.28 144.47 145.93 148.12 151.77
SAIL 176.25 165.92 171.42 173.83 176.92 179.33 182.42 187.92
SBIN 2,293.65 2111.47 2213.72 2253.68 2315.97 2355.93 2418.22 2520.47
SIEMENS 549.85 516.45 533.55 541.70 550.65 558.80 567.75 584.85
STER 834.60 767.53 803.53 819.07 839.53 855.07 875.53 911.53
SUNPHARMA 1,441.40 1144.38 1308.03 1374.72 1471.68 1538.37 1635.33 1798.98
SUZLON 69.40 63.05 66.30 67.85 69.55 71.10 72.80 76.05
TATAMOTORS 619.15 577.05 600.05 609.60 623.05 632.60 646.05 669.05
TATAPOWER 1,326.50 1277.15 1305.00 1315.75 1332.85 1343.60 1360.70 1388.55
TATASTEEL 512.05 481.05 497.75 504.90 514.45 521.60 531.15 547.85
TCS 655.35 617.57 635.52 645.43 653.47 663.38 671.42 689.37
UNITECH 84.35 73.87 79.82 82.08 85.77 88.03 91.72 97.67
WIPRO 624.50 593.23 608.43 616.47 623.63 631.67 638.83 654.03

Headlines (12-11-2009)

Date: 12 November 2009

 Thought for the day

“The test we must set for ourselves is not to march alone but to march in such a way that others wish to join us.”

— Hubert Humphrey

GENERAL

1)Indian-Americans won one of their highest-ever appointments in the US government when president Barack Obama on Tuesday nominated Dr Rajiv Shah as administrator of the United States Agency for International Development.

TOI

ECONOMY

2)The Government is likey to release the first ever comprehensive monthly inflation data on November 14, taking into account price variation in manufacturing products. At a meeting on Wednesday it was also decided that monthly WPI, figure should be released on every 14th, of a month, in the future as well, a Commerce and Industry ministry official said.

 Indian Express

3)The country’s merchandise exports shrank to $12.5 billion – down by 11.4 per cent, for the thirteenth month in a row in October due to sagging overseas demand on the back of the economic slowdown in the developed world.

BL

CORPORATE / INDUSTRY

 4)FLUSH with funds, Indian sugar companies are now acquiring a global footprint. The country’s largest refiner, Shree Renuka Sugars (SRSL), has bought distressed Brazilian sugar and ethanol producer Vale Do Ivai(VDI) in a deal worth $82 million. This is the first time an Indian sugar company has bought a company overseas and could well pave the way for such acquisitions by SRSL in Brazil, the world’s biggest producer and exporter of sugar and ethanol.

ET

5)BHEL said it has bagged a Rs 91-crore order from UK-based Power Engineers Contracting company to supply a gas turbine generating unit for its Nasiryah power project in Iraq.

BS

6)Hyderabad-based Infrastructure firm Nagarjuna Constructions has secured five orders aggregating Rs 722 crore. The company bagged contracts from Bangalore Water Supply & Sewerage Board, water resources department, among others.

ET

7)As countries face shortages in the supply of drugs to treat In- fluenza A (H1N1) or swine flu, drug-maker Cipla has indicated that it is ready to step-up its generic supplies of Oseltamivir and Zanamivir to India and other countries such as the US.

BL

MONEY & BANKING

 8)The rupee on Wednesday surged by 20 paise to nearly three-week high of 46.30/31 against the US currency with dollar plunging to 15-month low against its European rivals in overseas markets.

BL

9)The largest-ever consolidation exercise in the Indian banking space may be initiated by mid-size public sector banks which have a government holding of 55 percent or less and do not have the headroom to raise more capital. These include Oriental Bank of Commerce, Dena Bank, Andhra Bank, Bank of Baroda and Vijaya Bank.

BS

MARKETS

10)The country’s equity indices surged on Wednesday following strong cues from the Asian markets and buying in the metal and IT stocks and ended the day with huge gains. The MSCI Emerging Markets Index added 1.1% by noon in London, boosting its six-day increase to 7.9% and the 30-share Sensex of Bombay Stock Exchange(BSE) added 409.04 points or 2.49% to end the day at 16,849.60 points. The broader S&P CNX Nifty of National Stock Exchange(NSE) gained 122.25 points or 2.50% to close the day above 5,000 mark at 5,003.95 points.

FE

11)THE stock of Engineers India has gained over 24% in the past week on the BSE. The scrip ended over 2% higher at close on Wednesday at Rs 1,428.25. Brokers say the stock is being driven by speculation that the company may announce a bonus issue of shares shortly.

ET

12)Entertainment firm Pyramid Saimira Theatre on Wednesday nose- dived nearly ten per cent to hit the lower circuit on the BSE, a day after the market regulator, Sebi, banned the entity from dealing in the stock markets for seven years.

DC

13)OVER 60% of trading members are against the extension of trading hours and of those who want market hours extended, a majority are in favour of the market opening at 9.55 am and closing at 5 pm. Around 47% of the members have also said that they would prefer to have pre-opening/post-closing sessions within normal markets hours.

ET

14)Market regulator Securities and Exchange Board of India’s (Sebi) latest decision to mandate disclosure of balance sheets by companies on a half-yearly basis is being viewed as a precursor for listed entities to mandatorily disclose their cash flow statements, a person familiar with the development told ET.

ET

15)THE Bombay Stock Exchange, which is also Asia’s oldest stock exchange, is likely to launch a derivative product next month. Un- like the existing derivative products, which expire on the last Thurs- day of every month, the expiry of this derivative product will in the middle of the month.

ET

MUTUAL FUNDS

16)After the 2008 debacle, the mutual funds industry seems to have cleaned up its debt portfolio drastically and is simultaneously looking to remain cautious ahead. According to a study carried out by rating agency Crisil, the quality of portfolio of debt-based mutual funds has improved significantly. The industry had witnessed heavy redemption pressure, starting October 2008 when most of the debt funds saw a pullout tothe liquidity crisis and many funds were in a fix due to asset and liability mismatches. The Reserve Bank of India had to intervene and ask banks to step up their lending to the sector.

FE

17)The Association of Mutual Funds in India(Amfi) is contemplating creation of two platforms for online mutual fund transactions in India by March, its chairman A P Kurian said.

FE

COMMODITIES

18)Gold rose by 1 per cent to an all-time high of Rs 16,790 per 10 gm in Mumbai’s Zaveri Bazar on Wednesday, on developments abroad where the precious metal breached the $1,117.33 an ounce mark. Gold prices have been continously rising amid speculation that US policies will weaken the dollar, thereby, boosting the metal’s appeal as an alternative investment avenue. The metal also gets favourable policies from global economies – India bought 200 tonnes of gold, Sri Lanka announced diversification of its reserve in favour of the yellow metal and Vietnam allowed import after 18 months of suspension.

BS

19)Prices of turmeric, a must spice for any Indian curry, have soared by 70% to Rs 12,800 per quintal, proving in a way that steps taken by commodity markets regulator FMC and exchanges to curb speculations have not helped much.

FE

REAL ESTATE

20)THE founding family of India’s largest real estate company has reached a deal with DE Shaw to buy out the hedge fund’s stake in DLF Asset(DAL), an important step presaging transactions that could lead to a Singapore listing for the DLF affiliate in the first quarter of 2010. DE Shaw will get a little less than $500 million from KP Singh and his family and privately-held DAL will most likely become a majority-owned subsidiary of listed property developer DLF, two persons directly involved in the transaction said.

ET

COMMUNICATIONS

 21)BHARTI Airtel, the nation’s biggest mobile phone company, lost the place of pride, at least temporarily, in Singapore Telecommunications’ bouquet of investments as Indonesia’s Telkomsel surpassed the Indian company in profit contribution to the island nation’s telephone company, filings show.

ET

INFORMATION TECHNOLOGY

22)The concept of a ‘virtual bench’ for non-billable employees may soon be a thing of the past at mid-size Indian IT companies, thanks to the gradual improvement in demand for software solutions.

BL

INTERNATIONAL

23)China’s industrial production and trade surplus climbed in October, indicating a strengthening recovery in the world’s third-largest economy that’s likely to amplify calls to let the yuan appreciate.

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 (12-11-2009)

(Last Close : Sensex 16850 : Nifty 5004)

Today’s Levels

Trade short if Sensex fails to sustain above 16888 (Nifty 5012)
[Lower targets/supports at 16831(4994)/16700(4952) or lower]

Trade long if Sensex sustains above 16831 (Nifty 4994)
[Upper targets/resistances at 16888(5012)/16950(5032) or higher]

FOR THE DAY (12-11-2009)

FOR THE DAY:

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

Trade long if Nifty holds 5000 levels else from 4980 targeting 5050-5080 levels with stop loss placed at 4950.

Investors are advised to remain cautions and keep booking profits at regular intervals at these current highs.