Pivot Point (20-11-2009)

20/11/2009 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 761.25 723.08 742.68 751.97 762.28 771.57 781.88 801.48
ACC 733.35 704.98 719.18 726.27 733.38 740.47 747.58 761.78
AMBUJACEM 85.75 80.22 83.22 84.48 86.22 87.48 89.22 92.22
AXISBANK 986.55 935.85 962.85 974.70 989.85 1001.70 1016.85 1043.85
BHARTIARTL 293.40 282.75 288.30 290.85 293.85 296.40 299.40 304.95
BHEL 2,262.55 2213.02 2237.72 2250.13 2262.42 2274.83 2287.12 2311.82
BPCL 507.90 484.77 497.57 502.73 510.37 515.53 523.17 535.97
CAIRN 282.55 265.87 274.52 278.53 283.17 287.18 291.82 300.47
CIPLA 304.10 280.65 293.20 298.65 305.75 311.20 318.30 330.85
DLF 366.25 331.67 350.92 358.58 370.17 377.83 389.42 408.67
GAIL 387.20 372.30 379.20 383.20 386.10 390.10 393.00 399.90
GRASIM 2,274.75 2161.92 2221.72 2248.23 2281.52 2308.03 2341.32 2401.12
HCLTECH 328.15 282.95 306.85 317.50 330.75 341.40 354.65 378.55
HDFCBANK 1,719.55 1635.85 1679.85 1699.70 1723.85 1743.70 1767.85 1811.85
HDFC 2,744.75 2628.75 2683.85 2714.30 2738.95 2769.40 2794.05 2849.15
HEROHONDA 1,640.55 1521.13 1588.58 1614.57 1656.03 1682.02 1723.48 1790.93
HINDALCO 130.10 115.50 123.70 126.90 131.90 135.10 140.10 148.30
HINDUNILVR 275.50 264.57 269.97 272.73 275.37 278.13 280.77 286.17
ICICIBANK 886.45 835.98 862.88 874.67 889.78 901.57 916.68 943.58
IDEA 50.35 48.10 49.35 49.85 50.60 51.10 51.85 53.10
IDFC 171.95 153.90 163.65 167.80 173.40 177.55 183.15 192.90
INFOSYSTCH 2,409.95 2294.97 2347.12 2378.53 2399.27 2430.68 2451.42 2503.57
ITC 256.65 247.12 252.22 254.43 257.32 259.53 262.42 267.52
JINDALSTEL 708.70 642.40 680.70 694.70 719.00 733.00 757.30 795.60
JPASSOCIAT 226.55 204.58 216.98 221.77 229.38 234.17 241.78 254.18
LT 1,614.75 1560.67 1589.62 1602.18 1618.57 1631.13 1647.52 1676.47
M&M 1,013.90 969.63 992.63 1003.27 1015.63 1026.27 1038.63 1061.63
MARUTI 1,550.55 1458.08 1504.58 1527.57 1551.08 1574.07 1597.58 1644.08
NTPC 213.55 204.57 209.42 211.48 214.27 216.33 219.12 223.97
ONGC 1,163.65 1115.88 1142.28 1152.97 1168.68 1179.37 1195.08 1221.48
PNB 898.95 852.23 877.48 888.22 902.73 913.47 927.98 953.23
POWERGRID 104.60 101.93 103.33 103.97 104.73 105.37 106.13 107.53
RANBAXY 417.30 385.55 403.30 410.30 421.05 428.05 438.80 456.55
RCOM 172.50 162.83 168.43 170.47 174.03 176.07 179.63 185.23
RELCAPITAL 891.70 825.80 862.70 877.20 899.60 914.10 936.50 973.40
RELIANCE 2,083.80 2014.87 2051.87 2067.83 2088.87 2104.83 2125.87 2162.87
RELINFRA 1,103.95 995.10 1057.45 1080.70 1119.80 1143.05 1182.15 1244.50
RPOWER 150.55 140.50 146.15 148.35 151.80 154.00 157.45 163.10
SAIL 185.35 171.45 178.85 182.10 186.25 189.50 193.65 201.05
SBIN 2,281.35 2175.40 2234.45 2257.90 2293.50 2316.95 2352.55 2411.60
SIEMENS 555.80 507.75 534.80 545.30 561.85 572.35 588.90 615.95
STER 844.15 785.07 819.22 831.68 853.37 865.83 887.52 921.67
SUNPHARMA 1,416.10 1352.03 1388.83 1402.47 1425.63 1439.27 1462.43 1499.23
SUZLON 75.20 62.23 69.13 72.17 76.03 79.07 82.93 89.83
TATAMOTORS 637.10 592.43 617.23 627.17 642.03 651.97 666.83 691.63
TATAPOWER 1,318.85 1283.78 1301.68 1310.27 1319.58 1328.17 1337.48 1355.38
TATASTEEL 537.15 495.38 518.58 527.87 541.78 551.07 564.98 588.18
TCS 679.90 634.80 657.70 668.80 680.60 691.70 703.50 726.40
UNITECH 81.65 71.62 77.22 79.43 82.82 85.03 88.42 94.02
WIPRO 646.15 618.63 632.78 639.47 646.93 653.62 661.08 675.23

Support & Resistances for 20-11-2009

 

Support & Resistances for 20-11-2009
 
    SENSEX NIFTY FUTURE (Novt2009)
    BANKNIFTY NIFTY
19/11/2009 Open  17004.98 5043.45 9196.45 5049.00
High 17004.98 5053.45 9199.00 5049.00
Low 16712.33 4963.70 8961.50 4962.10
Close 16785.65 4989.00 9015.60 4986.60
LTP 9220.00 4989.00 9027.00 4984.00
Range 292.65 89.75 237.50 86.90
20/11/2009 R3 17419.62 5181.55 9533.70 5173.03
R2 17126.97 5091.80 9296.20 5086.13
R1 16956.31 5040.40 9155.90 5036.37
PP 16834.32 5002.05 9058.70 4999.23
S1 16663.66 4950.65 8918.40 4949.47
S2 16541.67 4912.30 8821.20 4912.33
S3 16249.02 4822.55 8583.70 4825.43
 
R1/R2/R3: Resistance
PP: Pivot Point

Headlines (19-11-2009)

Date: 19 November 2009
 
Thought for the day
 
“We generally change ourselves for one of two reasons: inspiration or desperation.”

 – Jim Rohn
 
GENERAL
 
1)The US and other advanced countries may be dithering in the fight against climate change but India is ready to launch its Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 mega watts of power by 2013.

TOI

ECONOMY
 
2)THE Ministry of Corporate Affairs is all set to introduce a governance code for unlisted companies on the lines of the one for listed firms to encourage more companies to list on the stock exchanges. Elaborate disclosures and compliance with governance code is seen as one big reason why many companies do not want to raise public funds and list on exchanges.

ET
 
CORPORATE / INDUSTRY
 
3)Karvy Financial Services Ltd(KFSL), part of Karvy Group, an inte- grated financial services group, is planning to raise Rs 150 crore of debt and Rs 50 crore of equity during the current financial year. While the equity portion will come from the parent company, the debt is likely to be arranged through mutual fund companies and banks. According to Amit Saxena, chief operating officer of KFSL, the company obtained its licence in April 2009 and started its operations with equity capital of Rs 50 crore. “We started doing securities finance and so far have disbursed about Rs 25 crore. Our plan is to have a book size of Rs 250 crore by the end of the current financial year and take it up to Rs 4,500 crore by the end of the fifth year. The money being planned to be raised would be used to cater to the disbursement targets for the year,” he said, adding “We are already talking to various mutual fund companies and banks to raise the debt portion of Rs 150 crore.

FE

4)JSW Steel is close to signing a strategic alliance with a European steel company that could involve the foreign firm picking up a minority stake and offering technology to help India’s third largest steel maker to make speciality steel products, two people close to the matter said.

ET

5)Prism Cement on Wednesday said it would merge H&R Johnson(India) and RMC Readymix(India) with itself. The shareholers of the company at their meeting held on Tuesday approved in the scheme of amalgamation, Prism Cement said in a filing to the BSE.

FE

6)Infrastructure company Pratibha Industries on Wednesday said it has bagged an order worth Rs 294.30 crore from UP Jal Nigam. The company has secured the contract of Meerut Water Supply Project from UP Jal Nigam, Meerut, Pratibha Industries said in a filing to the BSE.

BL
 
MONEY & BANKING
 
7)The rupee ended up against the dollar after a day of lacklustre trades because banks sold the greenback noting its fall against the euro, dealers said. Exporters’ dollar sales also aided the Indian unit. The Indian unit closed at 46.21 to a dollar compared with 46.30 on Tuesday.

BL

8)THE government asked the country’s largest public sector banks to look out for mergers and acquisitions opportunities, setting in motion the process of consolidation in public-sector dominated banking industry. In a meeting with the heads of the country’s largest public sector banks on Wednesday, the government asked them to start identifying strategic fits for themselves after considering geographical and business synergy.

ET

INSURANCE
 
9)Insurance Regulatory & Development Authority(Irda) is considering allowing life insurers to invest part of policyholders’ money in equity derivatives, a move that would allow these firms to hedge the risks emanating from cash markets
 
MARKETS
 
10)The country’s equity indices snapped its winning rally and ended the day below the dotted line following weak cues from the Asian markets and selling in the oil & gas and banking stocks. Dealers in the market said that markets are going through the pause mode as there is no fresh trigger. The 30-share Sensex of the Bombay Stock Exchange lost 51.87 points or 0.30% to end the day at 16,998.78 points. The broader S&P CNX Nifty of the National Stock Exchange lost 0.15% to close the day at 5054.70.

FE

11)SHIPPING stocks Essar Shipping, Mercator Lines and GE Shipping rose sharply on Wednesday, as the Baltic Dry Freight Index touched a 14-month high of 4,381. Essar Shipping rose 12% to close at Rs 70.45, Mercator gained 8% to close at Rs 61.90, Shipping Corporation climbed 3% to Rs 150.30, While trading in Great Eastern Shipping was frozen at the upper end of the 5% intraday circuit filter. Analysts said increased port congestion, strong iron ore and coal imports into China are some of the reasons that contributed to the surge in dry bulk rates over the past two weeks.

ET

12)The Infosys stock gained 2 per cent to Rs 2,433.60, an all-time high. In last six trading days the stock appreciated 10 per cent, after the company signed an agreement to acquire all of the out- standing interests of McCamish Systems LLC for around $38 million.

BS

13)There is no consensus among market participants on extension of market hours, something recently permitted by Securities and Exchange Board of India, said Mr Ravi Narain, Managing Director of NSE.

BL

IPO
 
14)THE Securities and Exchange Board of India(Sebi) plans to reduce the time taken to process initial public offers(IPO) applications to seven days from the existing 20 days.

ET

15)Cox & Kings (India) Ltd’s initial public offer of a little over 15.7 million shares received about 9.5 million bids, or 60 per cent of the issue size, on the first day, a statement from the BSE said.

BL

COMMODITIES
 
16)Gold futures have extended record highs above $1,150 an ounce Wednesday as the dollar dips and the metal’s alternative currency sheen brightens.

BL

17)Copper hit a 14-month high on Wednesday as the dollar fell and equity markets bounced back, while rising inventories remained to limit gains. By 1152 GMT, copper for three month delivery on the London Metal Exchange traded at $6,970 a tonne from $6,826 at the close on Tuesday.

BS

18)Gold and silver prices hit yet another peak on the bullion market on Wednesday sparked by hectic buying in view of rising trend in overseas markets. Standard gold(99.5 purity) soared by Rs 190 per 10 gm to Rs 17,205 from yesterday’s closing level of Rs 17,015. Pure gold(99.9 purity) also shot up by Rs 195 per 10g to Rs 17,300. Silver ready(.999 fineness) strengthened by Rs 560 a kg to Rs 28,960.

BL
 
REAL ESTATE
 
19)Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its IPO early next year, will invest Rs 6,000 crore in the next three years on construction of its existing projects.

FE

BUSINESS PROCESS OUTSOURCING
 
20)Nasscom’s Data Security Council of India(DSCI) on Tuesday said that almost a quarter of 2.3 million Indian IT-ITeS workforce has been registered under the National Skills Registry(NSR). “We have registered almost 6 lakh IT-ITeS employees under the national database. We plan to cover the entire IT work- force under the database in 12-18 months,” DSCI CEO Kamlesh Bajaj told ET.

ET

21)FOUR Soft, which provides software solutions for the transport and logistics segments, hopes to become a $100-million company in the next three years. The $30-million company, as part of its growth plans, is looking at foraying into the BPO space and tapping newer markets through inorganic expansion by next year.

ET

INFORMATION TECHNOLOGY
 
22)NASSCOM, the trade association for India’s $60-billion IT industry, plans to seek government help to ensure technology transfer from global defence majors for execution of offset contracts by Indian companies. IT companies are one of the beneficiaries of the multi-billion-dollar defence and aerospace contracts that are to be finalised over the next 12 months.

ET

23)GLOBAL HR experts abhor the idea of taking work home. But local HR managers have turned the debate on its head: they now prod employees to carry their office home. A raft of technology firms such as Hewlett-Packard, Nokia Siemens Networks, Dell, Cisco and IBM reckon that letting employees work from home not only saves office expenses, but also helps ramp up productivity by saving precious time wasted in India’s labyrinthine peak-hour traffic.

ET

24)In less than a month since its launch on October 22, over 2,000 Indian companies are in the process of installing Microsoft’s latest operating system Windows 7. The companies include major IT companies like Infosys, Wipro, NIIT, car companies like Maruti, even the Bangalore international airport, Manipal University, besides many small-and medium-sized businesses.

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

FOR THE DAY (19-11-2009)

FOR THE DAY:

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

Trade long in Nifty from 5000-5020 levels else with stop loss placed at 4970 targeting 5080-5100 levels.

Alternatively, trade speculative short below 4970 else from higher resistances of 5100 levels.