Archive January, 2010
Friday, January 29, 2010
During the Market:03.45 pm. Nifty closed almost flat at 4882 with a gain of 14 points. The top gainers were HCLTECH, ICICIBANK, SIEMENS, SUZLON & ABB, while the top losers were HINDUNILVR, WIPRO, JINDALSTEL, TATASTEEL & TATAMOTORS.
01.55 pm. Nifty heading near the previous close at 4850, with Advance/Decline at 21/29. The top gainers are SIEMENS, ICICIBANK, ABB, HCLTECH & BHEL, while the top losers are WIPRO, HINDUNILVR, TATASTEEL, JINDALSTEL & HINDALCO.
12.07 pm. The hike of CRR by 75bps will result in pulling down the liquidity by Rs.36000 crores and thus would help in reigning the inflation. The market has not reacted to this as this was expected and was factored in by the market.
11.52 am. Nifty is moving in a range around 4800 level with Advance/Decline at 5/45. Not much action anticipated and may end near a flat close.
09.06 am. Nifty has opened in synchronization with the global cues and headed straight to make a low of 4813 and Advance/Decline to 10/40. The top gainers are IDEA, ONGC, HDFC, HCLTECH & NTPC, while the top losers are WIPRO, INFOSYSTCH, JINDALSTEL, UNTECH & STER. Today most likely Nifty will be in consolidation mode.
Pre Market Analysis 08.30 am.
- Global cues negative.
- Crude Oil is at $ 73.66 per barrel.
- USD vs INR is unchanged at Rs.46.40.
- Nifty is in oversold region and may continue to recoup else will consolidate.
- Expected High/Low 4890,4950/4850,4805.
- Time for cherry picking at lows.
Thursday, January 28, 2010
During the Market:
03.45 pm. Nifty has closed at 4867 with a gain of just 14 points. The Advance/Decline has also been in the positive for most of the part. Being a F&O expiry day this cannot be termed as neither strength or weakness. The top gainers were TATASTEEL, HCLTECH, AXISBANK, SIEMENS & WIPRO, while the top losers were BHARTIARTL, RCOM, RPOWER, LT & JPASSOCIAT. Although Asian cues were positive and the European had opened in the positive but little could enthuse the Nifty. One thing is clear that the Nifty has not closed lower but rather remained in the positive zone for most of the session, spelling a positive outlook of the Nifty.
02.06 am. Nifty at 4860 after dipping to the low of 4824, and Advance/Decline at 36/14. The top gainers are HCLTECH, SIEMENS, UNITECH, CIPLA & SAIL, while the top losers are LT, IDEA, BHARTIARTL, JPASSOCIAT & BPCL.
11.18 am. Nifty moving sideways in a tight range around 4910 with Advance/Decline at 43/7. The bias is positive and likely to improve as the covering advances.
10.15 am. Nifty opened with a positive gap at 4863 and made a high of 4914. Now its trading at 4907 with Advance/Decline at 45/5. The top gainers are AXISBANK, HCLTECH, WIPRO, SIEMENS & RANBAXY, while the top losers are LT, ITC, GRASIM, BPCL & HEROHONDA.
Pre Market Analysis 08.30 am.
- Global cues negative except US which has closed positive.
- Crude Oil ihas dropped further to $73.80 per barrel.
- USD vs INR has hardened to Rs.46.48.
- Nifty is in oversold region the reversal is likely.
- Expected High/Low 4950, 5030/4802
- Accumulate on dips for
medium term. Do cherry picking when everybody s selling.
Wednesday, January 27, 2010
During the Market:
03.45 pm. It was a complete and continued sell off at Nifty. The trend for short term has changed to down form up for the short term. Nifty closed 4853 down by 154 points over previous close, a loss of -3.09%. The selling was seen across all major sectors. Now the Nifty may move in the range of 4700-4900 for some time. The top losers were DLF, UNITECH, TATASTEEL, HCLTECH & RELCAPITAL. Now it is better to wait for the trend reversal or market bottoming out. Investors instead of panicking should concentrate on cherry picking.
10.33 pm. Nifty appear indecisive and cautious at this moment, it is wavering around 4950 with 20 points +/-. The Advance/Decline still negative at 8/42. The top gainers are SUZLON, POWERGRID, TCS, ITC & RCOM, while the top losers are HEROHONDA, M&M, SBIN, TATAMOTORS & ICICIBANK.
09.20 pm. Nifty opened weak and has gone down to the immediate support level of 4944 but regained to 4952. Advance/Decline is negatively poised at 3/47. The gainers are SUZLON, IC & POWERGID, while the top losers are M&M, SBIN, ICICIBANK, DLF & HINDALCO. If Nifty breaks below 4940 it may enter the range of 4700-4900. So be cautious below 4940.
Pre Market Analysis
08.30 am.
- Global cues are turning positive except US which has closed negative.
- Crude Oil is stationary at $ 74.56 per barrel.
- USD vs INR is stable at Rs.46.32.
- Nifty may start the recovery process now with good supports at 4940 and markets in oversold zone. Further, the short-covering may add fillip to the Nifty.
- Expected High/Low 5050,5090,5130/4940
- Buy at lows but with
caution below 4940.
Monday, January 25, 2010
During the Market:
03.40 pm. Nifty closed at 5007 with a loss of 28 points over previous close. The day was marked with dull & lackluster trading. The retail sector showed some positive movement whereas Reality was hurt. The top gainers were ITC, BHARTIARTL, HINDUNILVR, POWERGRID & LT, while the top losers were M&M, HCLTECH, SUZLON, JPASSOCIAT & ACC. The F&O action seems to have been postponed to a day after tomorrow.
03.04 pm. Nifty at 5018 and Advance/Decline has improved to 21/29. The top gainers are BHARTIARTL, HINDUNILVR, ITC, lT & ABB, while the top losers are HCLTECH, M&M, SUZLON, JPASSOCIAT & DLF.
01.56 pm. Nifty heading towards a flat close is trading at 5012 with Advance/Decline at 18/32. HINDUNILVR, BHARTIARTL, ABB, ITC & LT are top gainers, while HCLTECH, SUZLON, JPASSOCIAT, UNITECH & DLF are the top losers.
12.45 pm. Nifty trading near 5000 mark with Advance/Decline improving to 14/36. The top gainers are ABB, HINDUNILVR, BHARTIARTL, LT & SBIN, while the top losers are HCLTECH, SUZLON, JPASSOCIAT, AMBUJACEM & DLF.
10.07 am. Under prevailing circumstances, the best buy would be below or around 4950, chances are there that the market may dip below 4950 to about 4930-4920. Nifty may bounce back on 27th. or 28th. January.
09.56 am. Nifty opened weak taking cues from the world market and has dipped to make a low of 4983 and at present is trading cautiously at 4991. The Advance/Decline is precarious at 8/42 denoting the negative spirit. The top gainers are ABB, MARUTI, IDEA, HINDALCO & ITC, while the top losers are HCLTECH, SUZLON, TATASTEEL, HDFCBANK & SAIL. The day may be dull and lackluster as tomorrow there is a "Republic Day" holiday, and more so global scenario is full of negative sentiment.
Pre Market Analysis 08.30 am.
- Global cues are negative.
- Crude Oil has slipped further to $ 74.54 per barrel.
- USD vs INR has strengthened to Rs.46.355.
- Nifty may open flat and may recoup today or tomorrow.
- Expected High/Low 5090,5130/5010.
- Buy at lows for medium
term.
Friday, January 22, 2010
During the Market:03.40 pm. Nifty closed at 5036 shedding 58 points over previous close, but one thing appears good is that after sinking to 4954 it made a recovery to 5050 levels and got stuck. The top gainers were IDEA, BHEL, HCLTECH,ITC & HEROHONDA, while the top losers were RANBAXY, TATASTEEL, SUZLON, LT & SAIL.
02.44 pm. Nifty very close to supports of 5050, Advance/Decline is stationary at 7/43 for quite sometime. The last half an hour may be a bit more action oriented.
12.17 pm. Nifty is coming off the lows and has recouped to 5067 with Advance/Decline improving to 11/39. The top gainers are IDEA, BHEL, SIEMENS, ITC & RELIANCE, while the top losers are RANBAXY, IDFC, CAIRN, TATASTEEL & SUNPHARMA. The consolidation is expected to continue and shorts may be covered adding fillip to the Nifty.
10.07 am. Nifty has opened weak and sank to touch 4954 with a very fragile Advance/Decline at 3/47. ITC, IDEA & BHARTIARTL are the gainers, while SUZLON, RANBAXY, DLF, LT & TATASTEEL are the top losers. From here the Nifty may consolidate and improve.
Pre Market Analysis 08.30 am.
- Global cues are negative.
- Crude Oil has slipped to $ 75.74 per barrel.
- USD vs INR has improved to Rs.46.27
- Nifty has limited downside the next support levels after 5050 is at 4950, but this will present good opportunity to accumulate and entry for side-liners.
- Expected High/Low 5130/5050,4950
- An opportunity in disguise.
Thursday, January 21, 2010
During the Market:03.40 pm. Nifty closed at 5094 after losing 127 points, a deep correction of -2.45%. Nifty faced all round selling and the FII selling-pressure was evident. Dollar gaining strength often results in this type of sell off in developing markets. Advance/Decline at close was 1/49. The top lone gainer in this market was M&M, while all others went down. The top losers were LT, SIEMENS, TATAPOWER, BHEL & SUZLON. Recovery after such a lashing is fast which is yet to be seen.
02.36 pm. Advance/Decline shrinking to 2/48 and two gainers are SUNPHARMA & HINDUNILVR rest all are down. The top losers are LT, TATAPOWER, SIEMENS, HDFC & STER. Its indeed a sharp correction but an opportunity in disguise for cherry picking. Below 5100 is a good opportunity to hop in. The corrections are deep and the recovery is fast.
02.05 pm. The selling pressure continues past the support levels of 5150, Nifty is trading at 5122 with Advance/Decline at 9/41. Behold your positions and wait calmly till this cloud clears.
12.45 pm. Nifty is seeing a selling pressure with profit taking, now the next support level of 5150 may stand out. The Advance/Decline has come down to 14/36. Accumulation is recommended around 5150 level. Market continues to trade lackluster and with negative bias.
10.43 am. Nifty is weak but stable and may end up flat towards the close. If Nifty moves below 5190 for quite some time then it can become a strong resistance to return to 5200+. Nifty is at 5192 and Advance/Decline at 24/26 is even. The top gainers are BPCL, TCS, M&M, CIPLA & SUNPHARMA, while the top losers are SUZLON, ICICIBANK, IDFC, AXISBANK & LT.
09.14 pm. Nifty has opened with weakness in congruence to global cues and has made a low of 5191 and is trading at 5208. The Advance/Decline is at 13/37. The top gainers are HCLTECH, WIPRO, ONGC, SUNPHARMA & M&M, while the top losers are SUZLON, STER, TATAMOTORS, IDFC & ABB. Nifty may soon come in positive zone .
Pre Market Analysis 08.30 am.
- Global cues are negative.
- Crude Oil has dropped to $ 77.70 per barrel.
- USD vs INR has hardened to Rs.46.08
- Nifty may slide lower if
does not show resilience today. The sideways movement may continue to
dominate.
- Expected High/Low 5280/5210,5170.
- Wait & watch, fresh
entry risky below 5200, otherwise accumulation advised.
Wednesday, January 20, 2010
During the Market:03.45 pm. Nifty finally closed flat at 5221 losing 4 points over previous close, but this appears end of dillydallying and from tomorrow we may see positive movement. The top gainers were SIEMENS, BHARTIARTL, ABB, MARUTI & TATASTEEL, while the top losers were BPCL, JPASSOCIAT, ONGC, UNITECH & STER.
01.28 pm. Nifty hovering near the previous close and not much action expected, the flattish close very much on the cards.
12.01 pm. At this moment Nifty is has lost all the early morning gains and has come down too close to previous close. Advance/Decline has receded to 26/24. The private banks which were gainers yesterday are the top losers.
11.27 am. Nifty is cautiously range bound between 5256 and 5226, with Advance/Decline at 33/17. Not much action is expected till Nifty crosses and closes above 5310 mark.SIEMENS, BHARTIARTL, HCLTECH, ICICIBANK & TATASTEEL are the top gainers, while the top losers are BPCL, ONGC, HDFCBANK, STER & AMBUJACEM.
09.43 am. Nifty has opened with some resilience but sideways movement continues. The Advance/Decline is positively inclined at 39/11. The top gainers are SIEMENS, BHARTIARTL, RCOM, NTPC & TATASTEEL, while the top losers are BPCL, CAIRN, AMBUJACEM, ONGC & TATAMOTORS.
Pre Market Analysis 08.30 am.
- Global markets are positive while Asian markets are mixed..
- Crude Oil is at $ 78.68 per barrel.
- USD vs INR has weakened to Rs.45.91
- Nifty may show some recovery but will remain range bound.
- Expected High/Low 5280/5210
- Wait & watch.
Tuesday, January 19, 2010
During the Market:03.40 pm. Nifty closed on a weak note at the day's low at 5225 registering a loss of 49 points. The profit booking brought the Nifty down. In a way it is good that it shakes out the weak hands. The top gainers were IDFC, SBIN, BHEL, HDFCBANK & ICICIBANK, while the top losers were SUZLON, GAIL, HINDALCO, UNITECH & ACC.
02.12 pm. Nifty under selling pressure has come down to the lows at 5249 and Advance/Decline declining to 12/38. Towards the end of the session some recovery may be seen otherwise a lackluster trading.
01.24 pm. Nifty moving closer to previous close, is at 5272 with Advance/Decline at 20/30. The top gainers are IDFC, BHEL, RELINFRA, ICICIBANK & RELCAPITAL, while the top losers are ACC, M&M, HEROHONDA, TCS & GRASIM.
11.48 am. Nifty is at 5259, it is getting support around this level.
10.43 am. Nifty at 5262 and Advance/Decline showing slight negativity at 20/30. The top gainers are RELINFRA, JINDALSTEL, BPCL, STER & IDFC, while the top losers are ACC, HEROHONDA, M&M, HDFC & ONGC. Nifty is range bound from 5257 to 5287.
09.24 am. Nifty opened with lukewarm and made a high of 5277 but could not sustain and dropped back to 5266, now its trading at 5278 with Advance/Decline improving to 24/26. The top gainers are JINDALSTEL, STER, RELCAPITAL, IDFC & SAIL, while the top losers are ONGC, ACC, HCLTECH, HEROHONDA & M&M. Today, the Nifty might again keep moving above and below the previous close and may end in near flat close.
Pre Market Analysis
08.30 am.
- Global markets are positive except US.
- Crude Oil is at $ 78.00 per barrel.
- USD vs INR is slightly weak at Rs.45.525
- Nifty may breach 3210 but may continue to be sluggish. Today's closing will be decisive and important for future course of Nifty.
- Expected High/Low 5310,5330/5260,5210
- Book part profits above 5310, otherwise
wait & watch.
Monday, January 18, 2010
During the Market:03.45 pm. Nifty closed at 5274 recording a gain of 22 points. Nifty could retain the position in the positive zone is a healthy indication. Private banks were the major gainers, while the cement sector was worst hit. The major gainers were HDFCBANK, HEROHONDA, GAIL, AXISBANK & ICICIBANK, while the major losers were GRASIM, AMBUJACEM, JINDALSTEL, CAIRN & SAIL. Inspite of the weak global cues Nifty could retain the gains, although part of it. The European markets opened in the green was the consolation. Its to be seen whether Nifty can make it above 5310 tomorrow or day after.
01.58 pm. The dominance of sideways movement is evident with Nifty maintaining a steady pace around 5282 with Advance/Decline at 28/22. European markets have opened in green providing some relief. The action is anticipated near the end of the session.
11.53 am. Nifty struggling to break loose of the range and break out above 5280 decisively. It has already made a high of 5284 and is trading at 5282+. The Advance/Decline is maintained at 31/19.
10.45 am. Nifty has come up in the positive zone and is at 5279 with Advance/Decline bettering to 31/19. Private banks and IT stocks are helping the climb of Nifty. The top gainers are HDFC, HDFCBANK, TCS, ICICIBANK & SBIN, while the top losers are AMBUJACEM, TATASTEEL, JINDALSTEL, UNITECH & STER.
09.22 am. Nifty has opened weak and has made a low of 5228 and a high of 5263, at present it is traversing in the negative zone at 5240. The Advance/Decline is at 23/27, indicating a sideways movement. The top gainers are SUZLON, HDFC, RPOWER, HDFCBANK & JPASSOCIAT, while the top losers are AMBUJACEM, RCOM, STER, UNITECH & TATASTEEL. The situation may improve as the session progresses.
Pre Market Analysis
08.30 am.
- Global markets are negative.
- Crude Oil is at $ 77.95 per barrel.
- USD vs INR is stabilizing at Rs.45.785
- Nifty may continue to be lackluster with dominant sideways movement unless breakout or closing above 5310 level.
- Expected High/Low 5280/5210
- Best is to wait and
watch.
Sunday, January 17, 2010
Market Analysis: The
performance of Nifty was dull and range-bound, but the bias is
positive. Nifty is in the range of 5100-5300. Extreme caution is being
witnessed in the day trading with apparent feeling of market receding
anytime.Nifty may find tough to break above the resistance of 5310, but,
eventually the feeling is it would definitely move above.
The sectors which can outperform are Metals, Infrastructure and Reality, Oil & Gas may also join the bandwagon. There may be flood of "advices" by very renowned experts, but our advise to small investors is to stick their guns for only "A" Group of equities. The reason is they are the first to react to any change and are mostly managed by stable mindset of corporate.
For the coming week the forecast is
range-bound activity may continue for few more sessions but the breakout
is on the cards.
We are extremly sorry for not updating for the period between 08th. January and 15th. January, 2010 due to technical problems with the server.
Thursday, January 07, 2010
During the Market:
03.45 pm. The performance of Nifty was dull and the weakness in Asian & European markets marked its spell. More or less it was consolidation type of movement exhibited by the entire session. Nifty closed with a loss at 5263, amidst some choppiness. The top gainers were SIEMENS, ABB, CAIRN, HINDALCO & GAIL, while the top losers were TATAMOTORS, RANBAXY, TCS, HEROHONDA & SAIL.02.09 pm. Nifty has found support near 5250 mark and is moving sideways, probably in an effort to move shares from weak hands to stronger hands. Further Asian as well as European markets are also in the negative thereby weakening the spirit. The Advance/Decline is at 16/34, but recovery should take place. Among the top gainers are HINDALCO, CAIRN, RELIANCE, GAIL & RCOM, while the top losers are TATAMOTORS, SAIL, JPASSOCIAT, TCS & M&M.
11.51 am. Slight profit taking is pressing the Nifty down but the buy back may bring the Nifty close to previous close. The Advance/Decline has descended to 21/29. The Nifty is at 5259 and may find support around 5220+ if not at 5250.
10.44 am. It is very lackluster at the moment with Nifty moving close to previous close but in the negative territory. Nifty at 5274 and Advance/Decline flat at 25/25. HINDALCO, CAIRN, BHARTIARTL, RCOM & GAIL are the top gainers, on the other hand TCS, TATAMOTORS, INFOSYSTCH, JPASSOCIAT & WIPRO are the top losers.
09.42 am. Nifty opened to touch 5302 but cam off and traversed below the previous close and as expected is to dominantly move sideways with mild profit-taking bouts. Its trading at 5271 with Advance/Decline at 22/28 denoting slight negativity. The top gainers are HINDALCO, CAIRN, RCOM, ACC & BHARTIARTL, while the top losers are TCS, TATAMOTORS, INFOSYSTCH, M&M & TATAPOWER.
Pre Market Analysis 08.30 am.
- Global
markets are lukewarm.
- Crude Oil jumped to $ 83.19 per barrel.
- USD vs INR has dropped further to Rs.45.865.
- Nifty although in overbought region but positivity is intact, it is matter of time when the breakout takes place but one thing is clear it will be aggressive.
- Expected High/Low 5330,5360,5390/5220.
- Book part profits.
Wednesday, January 06, 2010
During the Market:
01.59 pm. Nifty is choppy and is meandering near the previous close. Lot of caution seems being exercised by the traders, its very crucial stage as the level of 5330 is defining mark for the further uptrend. Advance/Decline is slightly negative at 21/29. The top gainers are CIPLA, TATAPOWER, GRASIM, M&M & CAIRN, while the top losers are MARUTI, HINDALCO, JPASSOCIAT, WIPRO & TCS.11.55 pm. Nifty touched a low of 5260 but again resumed the presence in positive territory at 5280+. The Advance/Decline is at 27/23, indicating sideways movement. The top gainers are CIPLA, IDFC, GRASIM, TATAPOWER & SIEMENS, while the top losers are MARUTI, HEROHONDA, INFOSYSTCH, TCS & WIPRO.
10.00 am. Nifty opened to touch a high of 5310 but has come off to 5285+ levels. Some profit taking will bring down the Nifty to some extent but still the uptrend is intact.
Pre Market Analysis 08.30 am.
- Global
markets are taking a breather and Mixed.
- Crude Oil is at $ 81.61 per barrel.
- USD vs INR has eased further to Rs.46.15.
- Nifty in overbought region but still upbeat. It is expected to consolidate for a session or two and then resume its upward journey for the week.
- Expected High/Low 5310,5330/5240,5210.
- Book part profits at above 5300+ levels.
Tuesday,
January 04, 2010
During the Market:03.45 pm. Nifty has closed optimistically near day's high at 5277 with a gain of 45 point, and Advance/Decline at close was at 34/16. The top gainers were HINDALCO, JPASSOCIAT, IDFC, STER & RCOM, while the top losers were MARUTI, CIPLA, BPCL, TATAMOTORS & ACC. This week may provide opportunity to book profits at higher levels if Nifty closes above 5320 in coming session.
02.46 pm. Nifty has maintained the early morning gains and has traded very comfortably at these levels without a sign of weakness. No sign of profit booking is evident, except consolidation at these levels. HINDALCO, JPASSOCIAT, STER, CAIRN & IDFC are the top gainers while MARUTI, CIPLA, BPCL, TATAMOTORS & ACC are the top losers.
09.38 am. Nifty opened in synchronization to the global cues and touched a high of 5280+ level with excellent Advance/Decline at 49/1. The top gainers are HINDALCO, JPASSOCIAT, SAIL. CAIRN & STER, while the loser is BPCL. It appears that Nifty is heading for a breakout above 5300+.
Pre Market Analysis 08.30 am.
- Global
markets are positive and upbeat.
- Crude Oil has jumped to $ 81.72 per barrel.
- USD vs INR has eased to Rs.46.29.
- Nifty in overbought region may either breakout or more likely will make a new high but close near the day's lows.
- Expected High/Low 5260,5290/5205,5180.
- Book partial profits at day's high. Keep
in mind that breakout is also on the cards, so if you hold on for few
more days profits may increase.
04/Jan/10
During the Market:
03.45 pm. Nifty closed at 5232 after a modest gain of 31 points. Not much action, the sideways movement was dominant but the market breadth was wide and positive.03.06 pm. Slight profit taking is seen at these levels but not much. Advance/Decline is comfortable at 38/12. The top gainers are M&M, ACC, TATAMOTORS, JPASSOCIAT & RELCAPITAL, while the top losers are NTPC, RELIANCE, BHARTIARTL, ABB & MARUTI.
02.00 pm. Nifty trading in a consolidating mode at 5130+ levels.
12.56 pm. Nifty still moving sideways.
11.17 am. Nifty is consolidating its early morning gains at 5221, the high touched so far is 5227. The Advance/Decline is encouragingly poised at 43/7. M&M, TATAMOTORS, BPCL, ACC & SAIL are the top gainers, while RELIANCE, BHARTIARTL, NTPC, HDFCBANK & STER are the top losers.
09.49 am. Nifty on opening took a dip to 5167 but immediately turned around to spike to 5224, now trading nearly flat at 5214 with Advance/Decline at 42/8. The top gainers are M&M, BPCL, ACC, TATAMOTORS & SAIL, while the top losers are RELIANCE, RELINFRA, BHARTIARTL, JPASSOCIAT & SIEMENS.
Pre Market Analysis 08.30 am.
- Global
markets are mixed.
- Crude Oil is at $ 79.62 per barrel.
- USD vs INR is stabilizing at Rs.46.66
- Nifty is in overbought region and may spend some time in the range of 5150-5300.
- Expected High/Low 5230,5260,5290/5150,5120
- Book part profits around
5240+, else wait for breakout.
01/Jan/10
Wish you a very happy and prosperous New Year 2010.Markets will open on
4th. January,2010.
