
SHREE GANESHAY NAMAAH !
Cautious on Q3 due to rupee depreciation : SP Tulsian !
Don't think midcaps, buy blue-chips only : Experts !
Market sees biggest fall since May 2011; rupee ends at 52.16 / $ !
Eleven metal and mining shares fell by 0.15% to 7.34%, extending recent losses triggered by poor Q2 September 2011 results fromleading metal firms.
Nifty Spot Closing Below Around 4725 Ready For More May Hem Tgt 4538 / 4350, Sensex Closing Below 15730 Ready For More For Tgt 15275 / 14684 In 1 Week ! Nifty Made Low oF 4720 On 26Aug 2011 Close @ 4747.80 And On 4th Oct 2011 It Made Low Of 4728.30 Close @ 4772.15, On 05th Oct 2011 Made Again Low Of 4741, Close @ 4751.30, This Is Fourth Time, If Closes Below Around 4725 There Wil be More Panic One Way ! So 4725 Spot One Of The Major Support Around Mkt May Sustain @ this levels ! Wil Not C Much Bounce Back Or Even Bounce Back For Spot For 1st TGt 4919, 2nd tgt 4975 N Last 5035 (wil take support around here ) ! Just My View Kindly Also Take Ur Advisors View !
Month Stats :
Open : 5321.60
High : 5353.95
Low : 4768.60
Close: 4783.30
Avg. : 5056.86
Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 4768.60
Close: 4783.30
Avg. : 5048.95
Yearly (2011) :
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4783.30
Avg. : 5465.45
NIFTY FUTURE
R5 : 4925
R4 : 4892
R3 : 4868
R2 : 4848
R1 : 4815
CMP: 4783.30
S1 : 4768
S2 : 4755
S3 : 4728
S4 : 4718
S5 : 4692
Market Updates :
Amtek Auto leads gainers in 'A' group
Dabur India, Adani Power, Rural Electrification Corporation and Apollo HospitalsEnterprise are among the other gainers.
Auto component maker Amtek Auto jumped 6.30% to Rs 101.30 on bargain hunting after the stock slumped 25.31% in the preceding twelve sessions to Rs 95.30 on 18 November 2011 from a recent high of Rs 127.60 on 31 October 2011. The stock topped the gainers in the BSE's 'A' group.
FMCG company Dabur India rose 2.38% to Rs 99.10 on defensive buying in a weak market. The stock was second biggest gainer in 'A' group.
Adani Power rose 2.09% to Rs 75.75 on bargain hunting after the stock declined 13.57% in the preceding eight sessions to Rs 74.20 on 18 November 2011 from a recent high of Rs 85.85 on 4 November 2011. The stock was third biggest gainer in 'A' group.
State-run lender to power projects Rural Electrification Corporation (REC) rose 2.02% to Rs 181.65 on reports that Tamil Nadu Electricity Board has sought the regulator's approval to increase tariffs by 38%. The stock was fourth biggest gainer in 'A' group.
REC, which provides financial assistance to state electricity boards, had extendedfinancial assistance to the Tamil Nadu Electricity Board (TNEB) for augmenting the latter's power generation capacity as well as strengthen its transmission and distributionnetwork.
Media reports stated that a tariff hike by TNEB will improve its deteriorating financial health. According to reports, TNEB had accumulated losses of Rs 40700 crore as of March 2011, due to several years of no tariff increase.
Hospital chain Apollo Hospitals Enterprise rose 1.94% to Rs 543.90 on bargain huntingafter the stock fell 5.44% in the preceding four sessions to Rs 533.55 on 18 November 2011 from a recent high of Rs 564.25 on 14 November 2011. The stock was fifth biggestgainer in 'A' group.
Sensex, Nifty settle at 6-1/2-week lows on euro-zone, US debt woes
Sensex falls below 16,000 as FIIs press sales
Coming back to today's trade, index heavyweight Reliance Industries (RIL) lost more than 2.5%. SBI, Bhel, NTPC, ICICI Bank, Tata Steel and Sterlite Industries hit 52-week lows.Metal stocks extended recent losses triggered by poor Q2 results from leading metal firms. IT stocks extended recent losses on European and US debt problems. Bank stocks extended recent losses triggered by fears of rising defaults in a slowing economy. Bharti Airtel fell after the Central Bureau of Investigation (CBI) conducted searches at the company's offices on Saturday, 19 November 2011, seeking details on spectrum allocation by the government to operators between 2001-02.
Data showing substantial selling by foreign funds recently weighed on sentiment. Foreign institutional investors (FIIs) sold shares worth Rs 871.62 crore on Friday, 18 November 2011, as per the provisional data from the stock exchanges. Their outflow totaled Rs 1965.48 crore in four trading session from 15 to 18 November 2011
The BSE Sensex tumbled 425.41 points or 2.6% to settle at 15,946.10, its lowest closing level since 5 October 2011. The index lost 471.21 points at the day's low of 15,900.30 in late trade. The index fell 74.48 points at the day's high of 16,297.03 in early trade.
The S&P CNX Nifty tanked 127.45 points or 2.6% to settle at 4,778.35, its lowest closing level since 5 October 2011. The Nifty hit a low of 4,764.80 and a high of 4,873.80 in intraday trade.
The BSE Mid-Cap index fell 1.88% and the BSE Small-Cap index declined 1.68%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was weak. On BSE, 1,981 shares fell and 792 rose. A total of 126 shares were unchanged.
The total turnover on BSE amounted to Rs 2068 crore, lower than Rs 2,348.04 crore on Friday, 18 November 2011.
From the 30-share Sensex pack, 28 declined while only two of them managed gains.
Note : Data From Capital Market And Money Control !
Note : Kindly Trade With Stoploss !
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