Showing posts with label latest news for nifty. Show all posts
Showing posts with label latest news for nifty. Show all posts
On Monday, the Indian equities saw a sharp fall which saw a choppy trade on Tuesday. The buyers also lacked confidence because of Europe’s sovereign debt concerns. The session ended on a flat note which saw the Nifty at 5,398, higher about 12 points, while the Sensex closed at 18,011, up about 18 points.
In the fortnight gone by, we saw petrol prices being hiked in line with expectations. However, the prices of diesel, LPG and kerosene have been left untouched. Any change in the prices is likely to impact inflation.
Also, quarterly earnings of major companies failed to meet market expectations. In fact, they have been quite disappointing so far.
Furthermore, the previous fortnight also saw a correction in the prices of commodities like metals, oil and cotton. Although this correction in commodity prices will be a positive in the long-term, in the short-term, however, it can have some negative impact owing to inventory valuation losses.The markets are highly volatile at present.
Market participants are advised to avoid fresh buying and overnight positions as the Nifty is under pressure and FIIs have been selling. I expect the Nifty to touch the 5,350 level. If it crosses the 5,480 level, then it is likely to test the 5,600 level.
We expect the market to be in the range of 5,200-5,600 for the next few days. When the momentum stocks will upto 3-4% from here on would be a good entry point. The consumption theme like an ITC, Marico and something to do with fertilizers like Coromandel Fertilizers would be a good picks at this point of time. A lot of things will also depend on the monsoon going forward.
Stocks for Investment: National Peroxide, Tata Consultancy Services, LIC Housing Finance, Hindustan Zinc, Grasim Industries and Sintex Industries look good on declines from an investment perspective.
Starting the week with a negative bias, Today the Indian stock market ended near day`s low on Monday. Today the market closed down with the -45.75 negetive points or -0.83% in percent and settel at 5,499.00. Key indices were under pressure right through the trading session as the NSE Nifty was unable to stage a come back. Even a slight decline in the April monthly inflation numbers was unable to bring any cheer to the market amid fears that petrol price hike would eventually heighten inflation. Inflation for April decreased to 8.66% from 9.04% in March. Average expectation was for inflation to fall to 8.4%.
Barring, Pharma and Consumer Durables indices, all the other BSE sectoral indices ended in the red. The BSE Realty index was the top loser, down 1.5%, followed by BSE Metals index, which fell 1.4%. The BSE Banking index was down 1.25%. The Mid-Cap index and the Small-Cap index ended in the red, down nearly 0.8% each.
The market players are worried that the petrol price hike and an imminent revision in diesel prices shortly will add to the inflationary pressures, triggering more rate hikes from the RBI. A weak trend across global markets also weighed on the sentiment on local bourses today.
So the daily trend of the market is down The Market has a support at current levels where it may stay sideways. But as overall trend is still down, so the readers may stay away from the market and do not create any long positions till the trend remains down.
Barring, Pharma and Consumer Durables indices, all the other BSE sectoral indices ended in the red. The BSE Realty index was the top loser, down 1.5%, followed by BSE Metals index, which fell 1.4%. The BSE Banking index was down 1.25%. The Mid-Cap index and the Small-Cap index ended in the red, down nearly 0.8% each.
The market players are worried that the petrol price hike and an imminent revision in diesel prices shortly will add to the inflationary pressures, triggering more rate hikes from the RBI. A weak trend across global markets also weighed on the sentiment on local bourses today.
So the daily trend of the market is down The Market has a support at current levels where it may stay sideways. But as overall trend is still down, so the readers may stay away from the market and do not create any long positions till the trend remains down.
NIFTY LEVELS FOR TOMORROW-
Resistance Levels- 5600 - 5700 - 5750
Support Levels - 5400 - 5300
Here are some hot stocks which may give a good profit on Monday on the short term basis, just trade in these levels which are given below-
Tata Motors Ltd
Today closed at 1211.05 
with +24.05 (2.02%)
with +24.05 (2.02%)| Details | Technicals for | 16-05-2011 | |
| Open | 1193.60 | Resistance 3 | 1279.9 |
| Last close | 1187.00 | Resistance 2 | 1257.05 |
| Today's high | 1234.20 | Resistance 1 | 1232.85 |
| Today's low | 1187.15 | PP (Pivot Point) | 1210. |
| Volume | 2,004,128 | Support 1 | 1185.8 |
| 52-Week high | 1382.00 | Support 2 | 1162.95 |
| 52-Week low | 661.35 | Support 3 | 1138.75 |
South Indian Bank Ltd
Today closed at 23.50 with +0.30 (1.29%)
with +0.30 (1.29%)| Details | Technicals for | 16-05-2011 | |
| Open | 23.30 | Resistance 3 | 25.55 |
| Last close | 23.20 | Resistance 2 | 24.6 |
| Today's high | 23.65 | Resistance 1 | 24.05 |
| Today's low | 22.15 | PP (Pivot Point) | 23.1 |
| Volume | 1,853,226 | Support 1 | 22.55 |
| 52-Week high | 227.50 | Support 2 | 21.6 |
| 52-Week low | 115.10 | Support 3 | 21.05 |
Century Plyboards (India) Ltd
Today closed at 66.15 with +0.00 (0%)
| Details | Technicals for | 16-05-2011 | |
| Open | 65.10 | Resistance 3 | 74.96 |
| Last close | 66.15 | Resistance 2 | 71.18 |
| Today's high | 67.40 | Resistance 1 | 68.66 |
| Today's low | 61.10 | PP (Pivot Point) | 64.88 |
| Volume | 115,252 | Support 1 | 62.36 |
| 52-Week high | 75.90 | Support 2 | 58.58 |
| 52-Week low | 38.75 | Support 3 | 56.06 |
Here are some stocks which are closed yesterday with high volum and the possibility are these will give a good profit on Monday, these are-
Tecpro Systems Ltd
Yesterday closed at 308.35 +3.35 (1.09%)
Details Technicals for 11-04-2011
Open 307.75 Resistance 3 333.8
Last close 305.00 Resistance 2 327.8
Today's high 321.80 Resistance 1 318
Today's low 306.00 PP (Pivot Point) 312.0
Volume 87,110 Support 1 302.2
52-Week high 453.80 Support 2 296.2
52-Week low 350.00 Support 3 286.4
Bharat Heavy Electricals Ltd
Yesterday closed at 2201.45 +6.30 (0.28%)
Details Technicals for 11-04-2011
Open 2200.00 Resistance 3 2258.5
Last close 2195.1499 Resistance 2 2235.5
Today's high 2212.50 Resistance 1 2217
Today's low 2171.00 PP (Pivot Point) 2194.
Volume 830,201 Support 1 2175.5
52-Week high 2664.80 Support 2 2152.5
52-Week low 2188.00 Support 3 2134
Pantaloon Retail (India) Ltd
Yesterday closed at 285.40 -9.10 (-3.0%)
Details Technicals for 11-04-2011
Open 298.95 Resistance 3 312.35
Last close 294.50 Resistance 2 306.15
Today's high 299.95 Resistance 1 295.7
Today's low 283.30 PP (Pivot Point) 289.5
Volume 556,369 Support 1 279.05
52-Week high 528.00 Support 2 272.85
52-Week low 313.50 Support 3 262.4
Here are the top gainers of today-
Company Prev Close (Rs) Current Price (Rs) % Change
Alps Industries 3.35 4.05 + 20.90
Agro Dutch Industrie 9.7 11.65 + 20.10
Lumax Automotive Sys 36.25 43.50 + 20.00
Marksans Pharma 2.25 2.70 + 20.00
NEPC India Lt 4.00 4.80 + 20.00
Orissa Minerals Deve 52065.2 62,478.25 + 20.00
Company Prev Close (Rs) Current Price (Rs) % Change
Bhansali Engg.Po 34.4 32.50 -5.52
LCC Infotech Ltd .95 .90 -5.26
Smartlink Network 75.85 72.15 -4.88
Acropetal Technologi 58.35 55.60 -4.71
Cyber Media (India) 20.45 19.60 -4.16
Security Name Close (Rs) PrevClose (Rs) Gain (Rs) Traded Value (Rs. Crore
SBIN 2,763.30 2,719.55 43.75 437.86
BHEL 2,173.75 2,127.70 46.05 355.16
ICICIBANK 1,119.20 1,102.90 16.30 344.14
RELIANCE 1,050.65 1,036.40 14.25 314.89
INFOSYSTCH 3,283.15 3,218.15 65.00 302.71
LT 1,689.30 1,647.05 42.25 262.37
HDFC 705.55 708.20 -2.65 234.98
M&M 744.00 711.05 32.95 181.98
TATAMOTORS 1,254.20 1,241.80 12.40 162.44
AXISBANK 1,432.10 1,407.75 24.35 156.31
Here are some stocks which may be open with a positive mode, These are-
Infosys Technologies Ltd
Today closed at 3241.30 +70.40 (2.22%)
Details Technicals for 01-04-2011
Open 3182.00 Resistance 3 3383.2
Last close 3170.8999 Resistance 2 3324.1
Today's high 3265.00 Resistance 1 3282.1
Today's low 3163.8999 PP (Pivot Point) 3223.
Volume 2,354,991 Support 1 3181
52-Week high 2070.00 Support 2 3121.9
52-Week low 1255.00 Support 3 3079.9
Reliance Industries Ltd
Today closed at 1049.10 +16.60 (1.60%)
Details Technicals for 01-04-2011
Open 1034.50 Resistance 3 1077.9
Last close 1032.50 Resistance 2 1066.4
Today's high 1054.90 Resistance 1 1057.5
Today's low 1034.50 PP (Pivot Point) 1046.
Volume 7,201,048 Support 1 1037.1
52-Week high 2225.8999 Support 2 1025.6
52-Week low 915.00 Support 3 1016.7
Hero Honda Motors Ltd
Today closed at 1589.45 +31.90 (2.04%)
Details Technicals for 01-04-2011
Open 1560.00 Resistance 3 1678.7
Last close 1557.55 Resistance 2 1648.85
Today's high 1619.00 Resistance 1 1617.85
Today's low 1558.15 PP (Pivot Point) 1588.
Volume 921,560 Support 1 1557
52-Week high 2094.00 Support 2 1527.15
52-Week low 1601.00 Support 3 1496.15
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