FOR THE WEEK (23-27, Aug 2010)

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 18450-18500-18550 and 5530-5550-5580, respectively, while the support level is at 18250-18050-17900 and 5500-5480-5450. Any move close to the resistance levels can be used to book partial profits and initiate fresh positional long positions only if the Sensex manages to sustain above its support levels. However, considering the global uncertainty, maintain strict stop losses for all the long positions.

For the Day (23-08-2010)

For the Day: Domestic markets are likely to open on a flat note, taking cues from the flattish US and positive Asian indices. Traders are advised to trade long in Nifty above 5520 levels, else from 5500 with a stop loss at 5480 levels, targeting higher levels of 5550 and 5580.

Today’s Levels (23-08-2010)

(Last Close : Sensex 18402 : Nifty Spot 5531)
Today’s Levels
Trade long if Sensex sustains above 18385 (Nifty 5424)
[Upside targets/resistances at 18425(5535)/18450(5542) or higher]
Trade short if Sensex fails to sustain above 18425 (Nifty 5535)
[Downside targets/supports at 18385(5424)/18275(5486) or lower]

IPO – GUJARAT PIPAVAV PORT LIMITED., # Issue period:23.08.2010 to 26.08.2010 # Mkt Lot: 130 shares

The Primary Market of IPO  GUJARAT PIPAVAV PORT Ltd., is open for subscription 

  • The issue period is August 23, 2010 to August 26, 2010
  • Price Range: Rs.42.00 to Rs.48.00
  • Market Lot: 130 Shares

 

GUJARAT PIPAVAV PORT LIMITED
Symbol – Series GPPL EQ
Issue Period Aug 23, 2010 to Aug 26 2010 [* For QIB bidders Issue closes on Aug 25, 2010]
Post issue Modification Period Aug 27 2010
Issue Size [.] Equity Shares Aggregating To Rs. 5,000 Million (Fresh Issue?) And an Offer For Sale Of Upto 11,707,369 Equity Shares.[including anchor investor portion of 204,82,326 shares)
Issue Type 100% Book Building
Price Range Rs 42/- TO Rs 48/- per equity shares
Tick Size Re. 1/-
Face Value Rs. 10/-
Market Lot 130 equity shares
Minimum Order Quantity 130 equity shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading CRISIL IPO Grade 4/5
Rating Agency CRISIL
Book Running Lead Manager Kotak Mahindra Capital Company Limited,IDFC Capital Limited
Co-Book Running Lead Manager IDBI Capital Market Services Limited
Syndicate Member Kotak Securities Limited,Sharekhan Limited
Categories FI ,IC ,MF ,FII ,OTH ,CO ,IND , NOH and EMP
No. of Cities with Bidding Centers 68
Name of the registrar Karvy Computershare Private Limited
Address of the registrar Plot No. 17 to 24, Vithalrao Nagar, Madhapur, Hyderabad 500 081
Contact person name number and Email id Mr. M. Murali Krishna,Tel: (9140) 2342 0815 – 24; Fax: (91 40) 2343 1551 E-Mail gppl_ipo@karvy.com

Good Morning (23-08-2010)

Most Asian stocks fell amid mounting concerns over the global economy after calls by a European Central Bank official to maintain stimulus measures.

Indian market will open in positive note.

NIFTY range for the day would be 5495-5515-5530-5545-5560

SGX NIFTY is trading at + 9.5 (5529.5) @ 8:10 IST

Crude is trading at $74.09. Gold is trading at $1230.8 (Rs 18730). Rs vs $ 46.67.

Calls:
CHOLAFIN
FORTIS
DCB
GDL
BALLARPUR
UBHOLDINGS
ELECTHERM
THOMASCOOK
REPRO
TATACHEM
SPICEJET (BSE 500285)
AJMERA
TUBEINVEST
Have A Nice Trading Day.