SHREE GANESHAY NAMAAH !

Action-packed October : Earnings, RBI policy and more !

2012 to be a difficult year for markets, warns BofA ML

After yesterday's 420 point sprint on the Sensex, the market was expected to cool its heels and that’s what exactly it did today. The day of consolidation was also due to tepid global cues, which kept the indices range-bound.

During the day, Nifty crossed the 5,100 mark but failed to hold on to the crucial psychological level while the Sensex too saw a 74 point cut to close at 16,883.

Technically, the market has reached an important level and a breakout from here could result in 150 point upmove

US growth expectations seemed to have stabilised, says Gary Baker, head of European equities strategy at BofA Merrill Lynch. However, he feels that Europe has chances of more material development.

Baker indicated that 2012 will be a difficult year for markets in terms of growth. He believes that high inflation is a cause of concern for emerging markets.

Future Calls :

ONGC :
Ongc sizzle on reports of units stake buy in overseas exploration block, ONGC Videsh has reportedly acquired 25 % stake in Satpayev exploration block in Kazakhstan, which can produce close to 300,000 barrels per day. Below 260, we may c further slide down side to Rs. 256 to Rs. 250, with sl of Rs. 266. !

Tata Motors :
Tata Motors recently gain more than 23 % in last five trading sessions, to Rs. 181.35 from Rs. 147.25, Gains were triggered by easing of euro-zone debt worries. Below 172 we may c further downside to Rs. 167 to Rs. 162, with sl of Rs. 176 ! 

Jet Airways :
Jet Airways the compnay made an annonucement yesterday that Jet Airways (India) Vietnam Airlines have signed a memorandum of understanding (MoU) for their strategic cooperation. The two companies said in join statement. It wil cover areas of commercial, servies, technical and training. Buy with sl of Rs. 236, for tgt of Rs. 247 to Rs. 252 !  

Past Performance !

Dhanlaxmi Bank :
Dhanlaxmi Bank Can sell with sl of Rs. 73 for tgt of Rs. 58 To Rs. 52, currently it close @ Rs. 64.60. ! Close @ Rs. 64.30 !

Cairn India :
Cairn India Buy with sl of Rs. 270, for tgt of Rs. 286 to Rs. 300, Currently it closed @ Rs. 277.40. ! Close @ Rs. 279.70, Revised SL 273 !

Irb Infra :
IRB Infrastructure, Can sell with sl of Rs. 172, for Tgt of Rs. 158 to Rs. 145, currently it close @ Rs. 165.15. ! Close @ 166.60 !

Future Expiry Month (2011) : 
Open : 4999.80
High : 5140.00
Low : 4725.55
Close: 5074.05
Avg. : 4984.85

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5074.05
Avg. : 5538.14

NIFTY FUTURE 

R5 : 5225
R4 : 5178
R3 : 5142
R2 : 5118
R1 : 5095

CMP: 5074.05

S1 : 5060
S2 : 5036
S3 : 5010
S4 : 4982
S5 : 4950

Market Updates : 

Adani Power leads gainers in 'A' group

United Spirits, Yes Bank, Chambal Fertilisers & Chemicals and Tech Mahindra are among the other gainers.

Adani Power spurted 5.95% to Rs 83.65 and topped the gainers in the BSE's 'A' group. The stock rose on bargain hunting after sliding to a 52-week low of Rs 75.80 on 7 October 2011. The stock has retreated sharply from its 52-week high of Rs 144.40 on 12 November 2010.

United Spirits jumped 5.46% to Rs 905.60 and was second biggest gainer in 'A' group. The stock extended two-day 3.3% gain. The stock rose on higher volume of 2.68 lakh shares compared to an average daily traded volume of 85,000 shares in the past two weeks.

Shares of the Vijay Mallya-led UB Group companies United Spirits, Kingfisher Airlinesand United Breweries Holdings edged higher after the UB Group agreed to sell a 42.5% stake in its Formula One team to Sahara Group. Both Mallya and Sahara Group, headed by Subroto Sahara, will own 42.5% equity each in the team and the remaining 15% will be with the Dutch entrepreneur Michiel Mol family, say reports.

Yes Bank advanced 4.4% to Rs 283.80 and was third biggest gainer in 'A' group. The private sector bank announces its Q2 results on 20 October 2011.

Chambal Fertilisers & Chemicals surged 4.12% to Rs 99.80 and was the fourth biggest gainer in 'A' group. The stock rose on higher volume of 10.51 lakh shares compared to an average daily traded volume of 5.26 lakh shares in the past two weeks.

Tech Mahindra shot up 3.62% to Rs 605.25 and was the fifth biggest gainer in 'A' group.The software stock rose on optimism towards the IT sector after sector bellwether Infosys reported good Q2 earnings on Wednesday.

Sensex, Nifty retract from 3-week highs

Market ends choppy trading session lower; UB Group stocks rally

The market breadth, indicating the overall health of the market, turned negative from positive in late trade. On BSE, 1,405 shares fell and 1,357 rose. A total of 123 shares were unchanged.

From the 30-share Sensex pack, 22 fell and the rest rose. Coal India, Hindalco Industries and Tata Power Company shed by between 2.45% to 3.5%. Jindal Steel & Power fell 4.13% and was the top loser from the Sensex pack.

Index heavyweight Reliance Industries (RIL) fell 0.31% to Rs 846.85. The stock was volatile, gyrating between a high of Rs 857 and a low of Rs 842. The stock had surged recently on expectations of good Q2 results. RIL's advance tax payment rose 37.6% to Rs 1800 crore in Q2 September 2011 over Q2 September 2010, hinting at good Q2 results from the diversified firm. RIL unveils Q2 results on Saturday, 15 October 2011.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !