SHREE GANESHAY NAMAAH !

JAI MATA DI !

Experts don't see Nifty going below 4700 !

Exhausted already? Bad news! Market can take out 8-10% more

t was a sea of red on Dalal Street as investors were left shell-shocked by a Moody’s downgrade of the nation’s number one bank, State Bank of India.

Moody's cut SBI's ratings from C minus to D plus and said that the bank's tier-I equity cannot support its growth and rising rates. SBI, however, is not unduly worried.

The PSU major’s March disclosure is still haunting the bank, believes Mehraboon Irani, principal and head of private client group business at Nirmal Bang Securities. The profit after tax (PAT) had tumbled a whopping 99% Y-o-Y to a meager Rs 20.8 crore.

State Bank Of India :
                SBI tumbles down on reports that ratings agency Moody's downgraded the standalone rating of the bank to D+ from C-, citing its modest capital and weakening asset quality and it closed its 52 week low. Below 1765 It can further slide to rs. 1710, currently it closed on rs. 1787.20 with sl of rs. 1810 ! 

Chambal Fert :
                Chambal Fert, the fertilizers stocks in demand on hopes of urea decontrol. The Prime Minister's Office (PMO) has reportedly directed the fertilizer ministry to expedite the urea decontrol policy. The direction from the PMO comes in the wake of delay on the part of the fertilizer ministry to move the Cabinet note. It has taken support of rs. 89, it can move upside to rs. 98 to rs. 105. with sl of its support ofrs. 89.! 

Maruti Suzuki :
                Maruti Suzuki stocks zooms up after Manesar unit strike ends. Maruti Suzuki moves after the 33-day long standoff between the management and workers of its Manesar plant ended early on Saturday. We can c upward movement above rs. 1118, for tgt of rs. 1145 to rs. 1175 with sl of rs. 1088, currently it closed at rs. 1107.85. !  

Yesterday's Performance !

Ster Ind : 
Ster Ind below rs. 108 it may further slide to rs. 105 to rs. 102, with sl of rs. 111. It Made Of low Rs. 103.85 N Close @ Rs. 105.35 !

Guj Nre Coke :
Guj Nre Coke Close Below its 52 week bottom and close at rs. 22.80, below 22.50, it may fall to rs. 21 to rs. 19.50 with sl of rs. 23. It fall more than 6 % down made low of Rs. 21.30 N Close @ Rs. 21.50 !

MAH & MAH
M&M above 820 will move to rs. 841 to rs. 858, with sl of rs. 795. Made Low Of 804.30, Close @ Rs. 811.50 ! Call Open ! Close Call !

October Month (2011) : 
Open : 4874.40
High : 4879.15
Low : 4728.30
Close: 4772.15
Avg. : 4813.50

Future Expiry Month (2011) : 
Open : 4999.80
High : 5031.00
Low : 4725.55
Close: 4775.00
Avg. : 4882.84

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4772.15
Avg. : 5462.66

NIFTY FUTURE 

R5 : 4892
R4 : 4872
R3 : 4848
R2 : 4816
R1 : 4792

CMP: 4775

S1 : 4768
S2 : 4742
S3 : 4720
S4 : 4701
S5 : 4665

Market Updates : 

iGATE Patni leads gainers in 'A' group

Maruti Suzuki India, Cadila Healthcare, Areva T&D India and Colgate-Palmolive(India) are among the other gainers.

IT company iGATE Patni jumped 4.57% to Rs 287.35 as the Indian rupee weakened on Tuesday as fears over the extent of impact Europe's debt crisis might have on the global economy boosted the dollar. The stock topped the gainers in the BSE's 'A' group.

The partially convertible rupee was at 49.35/36 per dollar, weaker than its previous close of 49.15/16. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports. The rupee slumped 8.8% percent in July to September 2011 to 48.97/98, its largest quarterly fall since the same period in 2008.

India's largest car maker by sales Maruti Suzuki India rose 2.73% to Rs 1106.55. The stock was second biggest gainer in 'A' group. The month-long standoff between the company's management and agitating Manesar plant workers ended on Saturday, 1 October 2011, following talks brokered by the Haryana state government. Maruti Suzuki's total vehicle sales fell 20.8% to 85,565 units in September 2011 over September 2010. Maruti Suzuki, 54.2% owned by Japan's Suzuki Motor Corp, said disruption in production during September at one its plants due to labour unrest, adversely impacted sales. The company announced the monthly sales data during trading hours on Monday, 3 October 2011.

Pharmaceutical company Cadila Healthcare rose 2.14% to Rs 762. The stock was third biggest gainer in 'A' group.

Power equipment maker Areva T&D India rose 1.96% to Rs 218.80. The stock was fourth biggest gainer in 'A' group.

Oral and dental hygiene products maker Colgate-Palmolive (India) rose 1.81% to Rs 983.85. The stock was fifth biggest gainer in 'A' group

Investors withdraw from bank stocks as Moody's downgrades SBI

Market extends losses for the third straight day

Among the 30-share Sensex pack, 23 declined while the rest rose. Coal India , Jindal Steel & Power and Sterlite Industries fell by between 3.35% to 5.32%

Note : Data From Capital Market And Money Control !

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