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Enrich Industries Ltd
Today's condition     29.15  +4.85  (19.9%)
Details         Technicals for 08-03-2011
Open 29.15                 Resistance 3 32.01
Last close 24.30          Resistance 2 30.58
Today's high 29.15      Resistance 1 29.86
Today's low 27.00       PP (Pivot Point) 28.43
Volume 14,143           Support 1 27.71
52-Week high 24.30    Support 2 26.28
52-Week low 5.99       Support 3 25.56




Shree Bhawani Paper Mills Ltd
Today's condition     9.49     +1.49     (18.6%)
Details            Technicals for 08-03-2011
Open 9.49                 Resistance 3 9.502
Last close 8.00          Resistance 2 9.496
Today's high 9.49      Resistance 1 9.492
Today's low 9.48       PP (Pivot Point) 9.486
Volume 9,001           Support 1 9.482
52-Week high 11.00  Support 2 9.476
52-Week low 5.23     Support 3 9.472

Reliance Power Ltd
Today's condition    122.90     +1.75    (1.44%)
Details                     Technicals for 08-03-2011
Open 118.50                    Resistance 3 131.2
Last close 121.15             Resistance 2 127.3
Today's high 123.40         Resistance 1 125
Today's low 117.20          PP (Pivot Point) 121.1
Volume 8,493,194            Support 1 118.8
52-Week high 190.00       Support 2 114.9
52-Week low 128.50        Support 3 112.6


Nestle India Ltd
Today's condition         3748.75      +78.45      (2.13%)
Details                    Technicals for 08-03-2011
Open 3650.00                   Resistance 3 4046.25
Last close 3670.30            Resistance 2 3912.6
Today's high 3778.95        Resistance 1 3829.65
Today's low 3562.3501      PP (Pivot Point) 3696.
Volume 39,096                 Support 1 3613.05
52-Week high 4224.00      Support 2 3479.4
52-Week low 0.00             Support 3 3396.45

Stock future market

Author: pinky


Future market and options market both are purely based on contract basis.
In future market stock index futures are used for hedging, trading, investment.

• Hedging using stock index futures could involve hedging against a portfolio of shares or equity index options.

• Trading using stock index futures could involve, for instance, volatility trading (The greater the volatility, the greater the likelihood of earning money – usually taking relatively small but regular profits).

• Investing via the use of stock index futures could involve exposure to a market or sector without having to actually purchase shares directly.

Please note the following cases of equity hedging with index futures:

• Where your portfolio 'exactly' reflects the index (this is unlikely). Here, your portfolio is perfectly hedged via the index future.
• Where your portfolio does not entirely reflect the index (this is more likely to be the case). Here, the degree of correlation between the underlying asset and the hedge is not high. So, your portfolio is unlikely to be 'fully hedged'.

There are 1 month, 2 month and 3 month futures contracts available in India. The contracts are settled on the last Thursday of every month. If this happens to be a trading holiday, the previous day would be the expiry date.
The risk involved in trading a futures contract is equal for both buyer and seller or "symmetrical". Futures trading also comes under the purview of Securities and Exchange Board of India (SEBI).
Equity index futures and index future tend to be in liquid markets for close to delivery contracts. They trade for cash delivery, usually based on a multiple of the underlying index on which they are defined.
OTC products are usually for longer maturities, and are usually a form of options product. For example, the right but not the obligation to cash delivery based on the difference between the designated strike price, and the value of the designated index at the expiration date. These are traded in the wholesale market, but are often used as the basis of guaranteed equity products, which offer retail buyers a participation if the equity index rises over time, but which provides guaranteed return of capital if the index falls.
Futures contract prices also have the same structure like the cash market prices. But there is no price band for futures or options; To avoid errors in entering orders the exchange may fix the price range. Prices in excess of the range will need to be reviewed by the exchange. In addition, if the "open interest" or the maximum number of outstanding contracts exceeds a certain value, no fresh positions will be allowed for the particular scrip.An option is a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset (a stock or index) at a specific price on or before a specified date. In the case of a stock option, its value is based on the underlying stock (equity). For an index option, its value is based on the underlying index.
Example of Futures Trading:
A person bought a futures contract to buy security A at a price of Rs 500 on a specific future date. On the expiry date, the price went up to Rs 600. So the deal is good for buyer who will get the securities at Rs 100 lesser than the actual market price. On other side, it is devastating for the seller who is obliged to sell them at lower price which has been agreed upon.
Article Source: http://www.articlesbase.com/business-opportunities-articles/stock-future-market-4217715.html
About the Author
AUTHOR
Vivek Sharma
E-Mraketing Specialist
CapitalVia Global Research Limited
www.capitalvia.com/

Neo Corp International Limited (NCIL) since its inception in 1986, is dedicated in making tailor designed products under Packtech. NCIL reached the status of a fore-runner internationally as a reliable supplier of Packtech products.NCIL has come a long way from a small woven sack factory in 1988 to a large integrated globally acclaimed technical textiles manufactures.
It has been more than two decades of reliable catering to the requirement of FIBC’s, container liner, leno bag, geo textile, ground cover, shade nets, hale nets, wind breakers and constructive cover from fully integrated, clean room 30000 square meter manufacturing facility, for the company.
With its current growth initiative, NCIL has entered into other technical textile segments like Geotech and Agrotech.

The deal looks like bringing in value and earnings in the long term for investors. BP will bring in it’s technical expertise and help RIL to optimize. RIL stock trades currently at forward (FY 12 estimated) P/E ratio of 12.8. Once the deal goes through, stock valuations may dip on account of shedding 30% share in east coast blocks. But this is expected to be recovered by cash consideration and rerating of blocks with BP’s technical expertise meeting RIL efficiency.

One may buy stocks of RIL for target price of Rs.1,175-1200 in next 1 year. I would update the valuations after regulatory approvals and more clarity on financials involved in deal.
Reliance Industries & British Petroleum deal : Stock recommendation

The information about ICICI bank for 28-Feb-11
Open                           969.40
Last close                    951.35
Today's high                996.55
Today's low                 966.20
Volume                   4,865,725
52-Week high             1254.80
52-Week low                712.00
Resistance 3               1030.15
Resistance 2               1013.35

Resistance 1                  999.8

PP (Pivot Point)             983
Support 1                     969.45

Support 2                     952.65
Support 3                     939.1