Friday, December 3, 2010

Share market updates : Nifty support levels

All key US Stock indices rallied yesterday wherein the Dow Jones and the S&P 500 posted their biggest gains in three months as positive cues from Retails Sales and Pending home sales was conjugated with ECB’s plan to extend liquidity measures. Almost all stock markets in Asia are trading in the green.

Back home, The NSE Nifty is expected to witness a positive start for the 5th consecutive session. The Critical level for the bullish momentum is at 6006. Due to the weekend and in the absence of any Major news flow today, the Nifty may consolidate around these levels while the trading range is between first Resistance 6040 and the Lower Support at 5978. However if market breaks this range, the upside may be capped at 6066 and below 5978, the index may loose some of its gains before finding Support at 5944.

Thursday, December 2, 2010

Share market updates

STOCKS
ONGC seen up as govt OKs
1:1 bonus share issueas well as a 2-for-1 stock split.



BHEL: Bags 2665 cro order from Chattisgarh.

BHARTI AIRTEL and PUNJ LLOYD are the only two companies who have submitted
bids to buy out Telecom Consultants of India's 30% stake in Bharti Hexacom;
winner may have to shell out over 1800 cro for stake buy.

Comptroller and Auditor General's report on extra spectrum telecom firms
have got to have minimal impact on BHARTI AIRTEL

CIPLA: Supreme Court dismisses Bayer's plea to block the company's low cost
cancer drug launch.

DEWAN HOUSING: To buy Deutsche Postbank assets in India for
10.8 bln rupees.

EIH: RELIANCE INDUSTRIES not to seek board representation on the company's
board in the foreseeable future.
.
EMAMI: Emerges frontrunner for Paras Pharma with $750-mln bid.

GODREJ CONSUMER: Plans soap price hikes due to margin pressure.


HERO HONDA: Hero Group agrees to royalty payments of 8% of overall
sales per annum to Honda Motors in return for a technology makeover and stake
sale. November total sales 421,366 vehicles, up 10.5% on year.

JAIPRAKASH ASSOCIATES: Sold 1.10 mln tn of cement in November, up 12.2%
from 981,000 tn a year ago.

MARUTI SUZUKI: To raise vehicle prices as margins under pressure.

NEYVELI LIGNITE: Government plans to dilute 10% stake in the company next
year.

ONGC: Government OKs stock split ahead of follow-on
public offer.

SCI: 84.7-mln-share follow-on public offer fails to
enthuse investors even on second day, as it received bids for only 44% of the
total shares on offer.

TATA GLOBAL BEVERAGES: Aims 8-9% growth in next 12 months; re-launches Tata Tea.

ULTRATECH: Nov cement sales 2.66 mln tn, down 9.25% on year.

VA TECH WABAG: Plans acquisitions of around 10 bln rupees in China and
Middle East.

Share market updates : Nifty support levels

The NSE Nifty is expected to show a strong start around 6000 mark due to the buoyancy in global markets and tend to move towards the Resistance at 6018. The next round of up move may gain momentum if it can sustain above this level, wherein the benchmark can possibly Target the Major Resistance at 6040. Intra-day bullishness will continue as long as Nifty trades above the Critical level of 5988. However below this, the market is expected to take Support at 5962 while a break below this can push it towards the Major Support at 5932.

Wednesday, December 1, 2010

Indian Stock Market : Correction to 5800 expected

Heavy concentration of puts near 5800 and 5600 levels suggest a correction in short term.

Open

Change in

LTP

Net

Volume

Strike Price

Volume

Net

LTP

Open

Change in

Interest

Open Interest

Change

Change

Interest

Open Interest

70,350

-

3,840.00

-28.2

1

2000.00

1

1

2.5

650

-

-

-

-

-

-

2100.00

-

-

120

-

-

-

-

-

-

-

2200.00

-

-

-

-

-

-

-

-

-

-

2300.00

-

-

-

-

-

-

-

-

-

-

2400.00

-

-

-

-

-

-

-

-

-

-

2500.00

-

-

4.3

101,450

-

-

-

-

-

-

2800.00

-

-

1

350,900

-

-

-

-

-

-

3000.00

-

-

1.05

1,200

-

-

-

-

-

-

3100.00

-

-

-

-

-

-

-

-

-

-

3400.00

-

-

2

250

-

800

-

2,240.00

-

-

3500.00

-

-

2.5

63,150

-

-

-

-

-

-

3600.00

-

-

3.05

1,900

-

-

-

-

-

-

3700.00

-

-

2.55

100

-

-

-

-

-

-

3800.00

-

-

1.35

7,650

-

-

-

-

-

-

3900.00

-

-

1.25

47,550

-

95,800

-

1,944.00

74

60

4000.00

59

-0.15

1.65

910,800

100

-

-

-

-

-

4100.00

17

-0.1

1.6

48,500

-850

-

-

-

-

-

4200.00

21

-1

1.5

223,900

-

-

-

-

-

-

4300.00

24

-0.25

2.25

208,200

-

-

-

-

-

-

4400.00

-

-0.45

1.5

149,300

-

55,800

-

1,530.00

-

-

4500.00

58

-0.45

2.25

327,850

-50

55,450

-

1,340.00

-10

6

4600.00

8

0.35

2.85

255,300

-50

8,200

-

720.25

-

-

4700.00

14

-0.65

2.1

444,200

-

295,000

50

1,122.00

43

4

4800.00

103

-0.65

2.25

502,650

150

108,950

100

1,028.00

47.5

5

4900.00

744

-0.65

3.35

518,400

-50

497,500

-4,050

933.8

53.8

114

5000.00

2,094

-0.7

3.8

1,455,500

950

72,050

-

788.85

-

-

5100.00

1,867

-0.5

5

919,350

6,700

156,550

-1,700

741.8

52.55

56

5200.00

2,581

-1.05

6.5

1,794,250

12,400

130,850

-3,950

652.5

63.5

102

5300.00

14,608

-2.05

9.3

3,136,050

-51,000

307,050

-4,450

558

51

240

5400.00

28,941

-3.7

13.3

3,395,300

-162,100

1,467,900

2,200

459.15

46.2

1,360

5500.00

43,415

-6.75

19.85

5,555,650

26,950

903,550

-2,600

372

44.8

2,067

5600.00

56,836

-10.8

31.3

7,211,100

130,750

1,113,350

5,050

284.8

38.7

3,122

5700.00

77,262

-16.7

46.95

6,783,000

299,500

2,533,350

-14,300

209.6

33.05

27,758

5800.00

112,185

-23.9

69.5

6,798,950

671,450

4,326,050

324,100

143.65

24.8

91,854

5900.00

81,631

-32.35

101.45

3,872,100

787,650

6,901,650

345,800

89.6

17.15

124,453

6000.00

22,544

-41.8

145.1

3,121,950

271,200

4,295,800

321,250

49

9.65

76,076

6100.00

1,902

-46.3

204

1,094,200

13,550

5,283,200

417,500

23.25

4.45

55,422

6200.00

2,279

-51.55

277

655,200

200

4,263,350

172,150

10.8

2.1

24,484

6300.00

639

-56.2

363

426,600

-12,600

2,694,750

57,500

6.1

0.95

13,760

6400.00

113

-63.35

453.25

181,050

-3,550

2,181,750

250

4.35

0.35

5,964

6500.00

200

-42.1

564

144,650

-7,100

991,550

57,650

3.25

-0.15

3,674

6600.00

1

-37.9

652.1

16,800

-

582,750

-3,400

2.65

-0.15

965

6700.00

41

-20

770

162,850

-1,050

281,050

-2,100

2.3

-0.1

327

6800.00

-

-

927.4

6,950

-

343,250

-300

2

-

89

6900.00

-

-

1,000.00

91,550

-

81,100

-

1.9

-

-

7000.00

-

-

1,436.00

3,350

-