RELIANCE
Weekly Trend Decider 2117 . Consider resistance are 2150 and crossover looks positive and higher level target are 2250-2300. Please note stock is going to Ex Bonus on 27th November and advise to play for long side after ex bonus.
LT
Weekly Trend Decider 1634. Down side support are 1600-1575 are bull favour.. Today above 1657, one side and play for long side
GVK POWER
Weekly Trend Decider 51.... Looks good and decline to buy.. more power show above 53.. lower level support are 47....
PUNJ LLOYD
Weekly Trend Decider 213 .Down side decent support are 210, close below further weakness, but real strength show only above 224.. otherwise sell on rally.
BALRAMPUR CHINI
Weekly Trend Decider 137.. Trend is up but short weakness. Down side 131 to be watch out, below more weakness, higher level resistance 1400145 and sell side
TISCO
Weekly Trend Decider 544. . Looks hot and consider support are 520 -505, as remain hold, advise to buy side.. today above 555, over all buying and target are 570 or above.
ABAN
Stop loss 1050 for long position.. above 1374 more up side.
PFC
Looks very hot and buy side...Target 280 + in short term.
• Neyveli Lignite (Rs. 152)
Buy in the region 148-152 with a closing stop loss
below 139 for a short and medium-term target of
182 and 224 respectively.
• ITC (Rs. 259)
Buy on a move above 261 with a closing stop loss
below 252 for a short-term target of 277 and 300.
• Bank Of Baroda (Rs.540)
Buy in the region 525-540 with a closing stop loss
below 500 for a short and medium-term target of
600 and 680.
NIFTY,BSE predictions for 23rd Nov,2009
NIFTY
Over all trend is up and it high of 5079 with extremely volatile. We may expected that the strong support are 4740, as long as hold possible target are higher level 5150-5180-5300 or above. We advise to readers, any decline or panic should be accumulate and excellent buying opportunity. Over all in the Indian market, global cues would be play a important role, as far as the sentiment is concerned, some economic data is also due in the coming week which is watch out.
Today support are 5015-4980, higher level resistance are 5080-5100, thereafter over all buying opportunity in the market. Weekly trend decider 5021.
BSE
BSE: Short term trend of the Market are remain positive as hold 16000 level, but higher level it will face strong resistance 17400-17500, successfully crossover and closed above another bull move which may go beyond 18500-19000. Long term trend are still good and we expect in 2010 it will test new high.
Today : Support are 168900, 16700, higher level resistance are 17100. crossover and hold over all positive in the market and buy side. Weekly trend decider 16918.
Dow
Last week Dow recorded a fresh move and almost tested new high of 10438 which is almost achieved . As remain up trend, next intermediate target likely 11000-11300-11500 in near term. On the other hand we consider support 10000 and major support are 9500, below deeper correction can not be ruled out.
Nifty Future + Bank Nifty + CNX IT
Nifty Future : On week to week basis, strong reversal were seen on Friday trading and almost closed with a green. Overall we may consider support are 4900-4890, below it will test 4840 and major support are 4750, higher level resistance exit 5100, thereafter non stop target 5150-5180-5200. Today panic buy side...
Bank Nifty : Trend is still is bullish. Any decline to buying opportunity with consider support 8800-8700. Weekly trend decider 5150 In the Bank Nifty, the December series are traded at premium to Novembmer indicating good carry over and bullish sign .
CNX IT : Today support are 5350, higher level resistance are 5500, above more up side. Weekly Trend Decider 5455.OUR TARGET ARE 5700 + . We think that it could gain if the rupee goes lower again.
Note: More intra-day opportunities will be provided
live during the market hours
For More information Visit : http://www.insighttechnical.net
Email : contact@insighttechnical.net
Contact : +91 9822226867
HOLD CMP: Rs287 Target Price: Rs308 ______________________________________ Increasing approvals for niche filings and sustainable FTF pipeline with 10-12 ANDA launches annually, improve US market revenue visibility Domestic market to sustain growth momentum and outperform industry by 200bps Higher securitized receivables, huge intangibles and R&D capitalization remain key concerns Maintain earning estimates with a Hold rating
Monday, November 23, 2009
Friday, November 20, 2009
Free Intraday Tips
* L&T Nov. Future (Rs. 1616)
Buy L&T Nov. Future (Rs. 1616) only on a move above 1630 with a stop loss
below 1612 for an intra-day target of 1659.
* RELIANCE
Weekly Trend Decider 2076.Today resistance are 2100, down side target 2040-2034.
* UNITECH
Weekly Trend Decider 86.50 . Trading range 80 to 90.... Break out will one side move. Today below 80 selling opportunity target 75.. stop loss above 83.
* JP ASSOCIATES
Weekly Trend Decider 233. Higher level resistance 245 and real strength show only above that level.... Today break 222, further weakness and it will test 212 or below.
* PUNJ LLOYD
Keep a stop loss 223 and play for short sell, below 210, real panic can not be ruled out.
* BANK OF INDIA
Weekly Trend Decider 372. Keep a stop loss yesterday high 395 and sell... negative divergence on the chart...... down side first target are 350......
* HDIL
Weekly Trend Decider 363. Below 350 do not remain long in this counter........down side target 323....
Note: More intra-day opportunities will be provided
live during the market hours
For More information Visit : http://www.insighttechnical.net
Email : contact@insighttechnical.net
Contact : +91 982222686
Buy L&T Nov. Future (Rs. 1616) only on a move above 1630 with a stop loss
below 1612 for an intra-day target of 1659.
* RELIANCE
Weekly Trend Decider 2076.Today resistance are 2100, down side target 2040-2034.
* UNITECH
Weekly Trend Decider 86.50 . Trading range 80 to 90.... Break out will one side move. Today below 80 selling opportunity target 75.. stop loss above 83.
* JP ASSOCIATES
Weekly Trend Decider 233. Higher level resistance 245 and real strength show only above that level.... Today break 222, further weakness and it will test 212 or below.
* PUNJ LLOYD
Keep a stop loss 223 and play for short sell, below 210, real panic can not be ruled out.
* BANK OF INDIA
Weekly Trend Decider 372. Keep a stop loss yesterday high 395 and sell... negative divergence on the chart...... down side first target are 350......
* HDIL
Weekly Trend Decider 363. Below 350 do not remain long in this counter........down side target 323....
Note: More intra-day opportunities will be provided
live during the market hours
For More information Visit : http://www.insighttechnical.net
Email : contact@insighttechnical.net
Contact : +91 982222686
Monday, August 31, 2009
Stock Market News & Trends
For More Details Visit : http://www.insighttechnical.net
Hot Stock News
* BHUSHAN STEEL : rpts co looking to sell a 5% stake to strategic investors for
Rs4bn.. funds raised will be used to finance its capacity expansion
* NJCC : plans a JV with Indonesian coal mining co to aid supply of coal for its
Rs140bn thermal power plant in Andhra Pradesh
* HDFC : expects interest rates to go up by 25-50bps in 1Q next fiscal
* PANTALOON RETAIL : raising Rs 4-5bn thru share sale to institutional
investors @ Rs 316/share
* WELSPUN GUJARAT : launches a $50mn share sale to institutional investors with
a green shoe option for $50mn
* NDTV : finds strategic partner Scripps Network Interacitve of US for its
lifestyle channel.. also reduces debt burden by repurchasing $100mn bonds
* THERMAX : bags order worth Rs 4.77bn in Orissa to construct and commission a
turnkey captive power plant
* CANARA BANK : to look for acquisitions to strengthen presence in Gujarat,
Haryana and Maharashtra
* MUNDRA PORT & SEZ : receives LOI for development of non-LNG port facilities
at Hazira
* WIPRO : Sub Infocrossing enters into a multi-year agreement to provide
infrastructure services for Cliffs Natural Resources, Inc.
* THERMAX : wins order for Rs 4.77bn from a leading conglomerate in Orissa for
constructing and commissioning a turnkey captive power plant for its ferro
alloy unit in Orissa
Corporate News – Industry trends
* SUZLON Energy sold a 35.22% stake in Belgium-based subsidiary
Hansen Transmission through a secondary placement of depository
interest for US$370 mn, as part of its efforts to retire mounting debt
(BS)
* Uncertainty over auctions of 3G telecom services ended today, with
the empowered group of ministers deciding to stick to the January 14
date with a slight modification (BS)
* The government said it was considering a 20% stake sale in steel
major SAIL, proceeds of which would partly fund the company’s Rs
700bn expansion projects (BS)
* THE largest telecom operator in India Bharti Airtel has slipped to third
position in terms of monthly additions; Bharti Airtel in October added
about 2.7 mn new users, lower than 2.9 mn added by Vodafone Essar
and over 3.8 mn added by Tata Teleservices. All the mobile operators
in the country (GSM and CDMA) have added over 16 mn new
subscribers in the month of October. The total number of GSM users in
the country has now risen to 482 mn (ET)
* India’s leading drug maker Ranbaxy has initiated a voluntary recall of
4,348 cartons of its skin infection drug Sotret (isotretinoin) in the
United States. The entire lot pertains to a single batch of tablets which
were found to be ‘out of specification’ (ET)
* THE Delhi-based Bhushan Steel is looking to sell a 5% stake to
strategic investors for close to Rs 4bn, a person familiar with the
development said (ET)
* INFRASTRUCTURE firm Nagarjuna Constructions Company (NCC)
is set to form a joint venture with an Indonesian coal mining company
to aid supply of coal for its Rs 140bn thermal power plant in Andhra
Pradesh (ET)
* THE Tata’s have made a killing by selling a significant part of their
differential voting rights holdings in Tata Motors over the past few
months. Tata Sons, the Tata group’s holding company, and Tata Steel
together have sold 21% DVR stake in the group’s commercial vehicle
major to raise over Rs 6bn between September and November (ET)
* JSW Steel has entered into a technical pact with JFE Steel Corporation
of Japan to produce auto-grade steel at its Vijayanagar plant in
Karanataka (BL)
* The takeover battle for Great Offshore has taken a new turn with the
market regulator SEBI rejecting Bharati Shipyard’s request for taking
management control of the company (BL)
Economic/Regulatory development
* Fuelled by higher prices of staple items like potatoes, onions and
pulses, food inflation rose to 14.55% in the first week of
November. On a weekly basis, inflation rose 0.87% points from
13.68% (BS)
* To reduce the dependence on fossil fuels, the Cabinet approved the
Jawaharlal Nehru National Solar Mission. The mission aims to feed
20,000 MW to the national grid by 2022, with an initial investment of
Rs 43.3bn (BL)
Commodity/Money Market News
* The Manmohan Singh government is trying to find a middle path in the
impasse over the recent sugarcane pricing Ordinance that created
uproar inside and outside Parliament today. According to top sources in
the UPA, the government may rework the Sugarcane (Control) Order
to relieve the states burden and appease a united Opposition that
claims to have the power to defeat the Bill in the Upper House (BS)
* The cotton growers in Maharashtra’s Vidarbha, Marathwada
and Khandesh regions are facing a peculiar problem. Unlike the
sugarcane farmers of Western Maharashtra-Marathwada or the grape
farmers in Nashik, the cotton growers have no political leadership
which can represent their problems even at the state level, reports
Abhiram Ghadyalpatil in Mumbai (ET)
For More Details Visit : http://www.insighttechnical.net
Contact : +91 9822226867
Email : contact@insighttechnical.net
Hot Stock News
* BHUSHAN STEEL : rpts co looking to sell a 5% stake to strategic investors for
Rs4bn.. funds raised will be used to finance its capacity expansion
* NJCC : plans a JV with Indonesian coal mining co to aid supply of coal for its
Rs140bn thermal power plant in Andhra Pradesh
* HDFC : expects interest rates to go up by 25-50bps in 1Q next fiscal
* PANTALOON RETAIL : raising Rs 4-5bn thru share sale to institutional
investors @ Rs 316/share
* WELSPUN GUJARAT : launches a $50mn share sale to institutional investors with
a green shoe option for $50mn
* NDTV : finds strategic partner Scripps Network Interacitve of US for its
lifestyle channel.. also reduces debt burden by repurchasing $100mn bonds
* THERMAX : bags order worth Rs 4.77bn in Orissa to construct and commission a
turnkey captive power plant
* CANARA BANK : to look for acquisitions to strengthen presence in Gujarat,
Haryana and Maharashtra
* MUNDRA PORT & SEZ : receives LOI for development of non-LNG port facilities
at Hazira
* WIPRO : Sub Infocrossing enters into a multi-year agreement to provide
infrastructure services for Cliffs Natural Resources, Inc.
* THERMAX : wins order for Rs 4.77bn from a leading conglomerate in Orissa for
constructing and commissioning a turnkey captive power plant for its ferro
alloy unit in Orissa
Corporate News – Industry trends
* SUZLON Energy sold a 35.22% stake in Belgium-based subsidiary
Hansen Transmission through a secondary placement of depository
interest for US$370 mn, as part of its efforts to retire mounting debt
(BS)
* Uncertainty over auctions of 3G telecom services ended today, with
the empowered group of ministers deciding to stick to the January 14
date with a slight modification (BS)
* The government said it was considering a 20% stake sale in steel
major SAIL, proceeds of which would partly fund the company’s Rs
700bn expansion projects (BS)
* THE largest telecom operator in India Bharti Airtel has slipped to third
position in terms of monthly additions; Bharti Airtel in October added
about 2.7 mn new users, lower than 2.9 mn added by Vodafone Essar
and over 3.8 mn added by Tata Teleservices. All the mobile operators
in the country (GSM and CDMA) have added over 16 mn new
subscribers in the month of October. The total number of GSM users in
the country has now risen to 482 mn (ET)
* India’s leading drug maker Ranbaxy has initiated a voluntary recall of
4,348 cartons of its skin infection drug Sotret (isotretinoin) in the
United States. The entire lot pertains to a single batch of tablets which
were found to be ‘out of specification’ (ET)
* THE Delhi-based Bhushan Steel is looking to sell a 5% stake to
strategic investors for close to Rs 4bn, a person familiar with the
development said (ET)
* INFRASTRUCTURE firm Nagarjuna Constructions Company (NCC)
is set to form a joint venture with an Indonesian coal mining company
to aid supply of coal for its Rs 140bn thermal power plant in Andhra
Pradesh (ET)
* THE Tata’s have made a killing by selling a significant part of their
differential voting rights holdings in Tata Motors over the past few
months. Tata Sons, the Tata group’s holding company, and Tata Steel
together have sold 21% DVR stake in the group’s commercial vehicle
major to raise over Rs 6bn between September and November (ET)
* JSW Steel has entered into a technical pact with JFE Steel Corporation
of Japan to produce auto-grade steel at its Vijayanagar plant in
Karanataka (BL)
* The takeover battle for Great Offshore has taken a new turn with the
market regulator SEBI rejecting Bharati Shipyard’s request for taking
management control of the company (BL)
Economic/Regulatory development
* Fuelled by higher prices of staple items like potatoes, onions and
pulses, food inflation rose to 14.55% in the first week of
November. On a weekly basis, inflation rose 0.87% points from
13.68% (BS)
* To reduce the dependence on fossil fuels, the Cabinet approved the
Jawaharlal Nehru National Solar Mission. The mission aims to feed
20,000 MW to the national grid by 2022, with an initial investment of
Rs 43.3bn (BL)
Commodity/Money Market News
* The Manmohan Singh government is trying to find a middle path in the
impasse over the recent sugarcane pricing Ordinance that created
uproar inside and outside Parliament today. According to top sources in
the UPA, the government may rework the Sugarcane (Control) Order
to relieve the states burden and appease a united Opposition that
claims to have the power to defeat the Bill in the Upper House (BS)
* The cotton growers in Maharashtra’s Vidarbha, Marathwada
and Khandesh regions are facing a peculiar problem. Unlike the
sugarcane farmers of Western Maharashtra-Marathwada or the grape
farmers in Nashik, the cotton growers have no political leadership
which can represent their problems even at the state level, reports
Abhiram Ghadyalpatil in Mumbai (ET)
For More Details Visit : http://www.insighttechnical.net
Contact : +91 9822226867
Email : contact@insighttechnical.net
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