SHREE GANESHAY NAMAAH !

Is the gloom in Indian markets for real or overdone ?

The market extended its losing streak on Wednesday, ending trade in the red for the fifth consecutive session. The frontline indices slipped into negative territory early in the session, and repeated attempts to pullback were cut short.

The Nifty took a 40 point hit, to close at 5,030, while the Sensex fell 106 points and closed at 16,775.

However, the bulls have not thrown in the towel completely yet. If that was the case then market would have witnessed serious unwinding in the 5000 put. That is where most of the positions are concentrated and those puts have not started unwinding in a very large way.

According to CNBC-TV18's Udayan Mukherjee, if that starts happening, when the Nifty drops below 5000, would reek of capitulation on the part of bullish traders.

But for the moment, he feels, even the bullish traders are holding on for 5000.

KFA
       Investors throng Kingfisher Airlines counter on cost cuttinginitiatives. Kingfisher Airlines jumped 14.22% at Rs 24.90, extending Tuesday's 2.34% gain triggered by the company unveiling several cost cutting initiatives to help the firm limit losses. The company said it was a challenging quarter for the aviation industry. The company said savings on interest and other costs were offset by a steep hike in fuel prices and the weakening of the Indian rupee, which negatively impacted 70% of its cost base. 

JP Associates
      JP Associates slumps after weak Q2 operatingperformance. Jaiprakash Associates lost 4.50% to Rs 66.90. extending Tuesday's 5.84% fall triggered by weak Q2 operating performance. It net profit rose 11% to Rs 128.65 crore on 2% growth in net sales to Rs 3132.41 crore in Q2 September 2011 over Q2 September 2010. A sharp surge in other income and decline in tax rate to 42% from 60% boosted bottom line. The core operating profit margin declined 80 basis points to 23.9%, mainly due to increase in employee costs. 

Everonn
      Everonn Education tumbles as open offer gets delayed. It tumbled 4.36% at Rs 335.30 after the company said that Varkey Group's open offer that was scheduled to open today, 16 November 2011, will get delayed. The Varkey Group, which already owns a stake in Everonn Education, was planning to make a man open offer to the public shareholders of Everonn to acquire 44.83 lakh fully paid-up equity shares, or 20% equity, at Rs 528 per share.  

2011- Jan High – 6181.05 –Not Cross Its January High Of 6181.05, 10Feb Close @ 5225 (Made Low Of 5177, But Close Above 5221) N Again on 20th June (Made Low Of 5182.40, But Close Above5221 ). Once Again On 5th August Close @ (Made Low 5116.45, But Close Above 5221) If Closes Below 5221 (2009 High) Levels than Negative For Market. NIFTY CLOSED BELOW LOW OF JAN ON 8TH .Still No Signal For Buy. ITS SIGN OF SELL….. !!! FREE FALL MARKET FROM CLOSING BELOW JAN. LOW . CMP @ 5066.75. ! MADE LOW OF 4765 ! I MENTIONED HERE NIFTY HAS TO CLOSE ABOVE 5221, LAST EXPIRY OF OCT CLOSE @ 5181.95, CMP NOW @ 5330, YESTERDAY MADE LOW OF 5221.15, SO THIS EXPIRY IT HAS TO CLOSE ABOVE 5221 THEN ONLY MORE UPSIDE POSSIBLE CLOSING BELOW 5221 WIL LEAD TO 4840 FUTURE ! DONE FALL 223.50 FROM 5221 TO 4997.50 !

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 4997.50
Close: 5044.90
Avg. : 5171.58

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5044.90
Avg. : 5530.85

NIFTY FUTURE 

R5 : 5136
R4 : 5118
R3 : 5095
R2 : 5078
R1 : 5065

CMP: 5044.90

S1 : 5025
S2 : 5002
S3 : 4992
S4 : 4978
S5 : 4948

Market Updates : 

Pantaloon Retail (India) leads gainers in 'A' group.

Jubilant FoodWorks, United Spirits, Power Finance Corporation and LIC HousingFinance are among the other gainers.

Organized retailer Pantaloon Retail (India) galloped 10.60% to Rs 169.10 on buzz the government may allow foreign direct investment in multi-brand retail. The stock topped the gainers in the BSE's 'A' group.

Meanwhile, Pantaloon shares also rose on bargain hunting after the stock slumped 20.82% in the preceding four sessions to Rs 152.90 on 15 November 2011, from a recent high of Rs 193.10 on 8 November 2011.

Restaurant chain operator Jubilant FoodWorks jumped 4.92% to Rs 768.50 on bargainhunting after the stock slumped 11.73% in the preceding seven sessions to Rs 732.45 on 15 November 2011, from a recent high of Rs 829.75 on 2 November 2011. The stock was second biggest gainer in 'A' group.

Liquor maker United Spirits climbed 4.74% to Rs 803.50, reversing a 11.09% decline on Tuesday, 15 November 2011. The stock was third biggest gainer in 'A' group. United Spirits reported 98.37% surge in net profit to Rs 147.99 crore on 32.2% increase in net sales to Rs 1790.62 crore in Q2 September 2011 over Q2 September 2010. The company declared the result on 7 November 2011.

Power projects financier Power Finance Corporation rose 4.58% to Rs 167.90. The stock will enter the Morgan Stanley Capital International (MSCI) India Index at the close of 30 November 2011. The stock was fourth biggest gainer in 'A' group.

Many global mutual funds are linked with MSCI indices. Hence, any new stock addition in MSCI index will require the fund tracking that index to include it in its portfolio.

Housing finance firm LIC Housing Finance rose 4.54% to Rs 225.70 on bargain huntingafter the stock slumped 9.76% in the preceding five sessions to Rs 215.90 on 15 November 2011, from a recent high of Rs 239.25 on 4 November 2011. The stock was fifth biggest gainer in 'A' group.

Nifty settles at 5-week low

Market sees wild swings in late trade

Key benchmark indices bounced back amid intense volatility in late trade on reports that the Union Cabinet has approved the Pension Fund Regulatory and DevelopmentAuthority Bill. Recovery in European shares aided intraday rebound in Indian stocks after key benchmark indices hit fresh 5-week lows in late trade. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark, after moving above and below that mark earlier in the day. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Bank stocks recovered. The BSE Sensex was provisionally down 9.82 points or 0.06%, up about 230 points from the day's low and off close to 5 points from the day's high. The market breadth was weak.

The Union Cabinet has reportedly approved the Pension Fund Regulatory and Development Authority Bill. The bill, which seeks to establish an authority that will develop, promote and regulate old-age income security, was first introduced in parliament in March. But it was silent on the extent of foreign ownership to be allowed in Indian pension funds and in a central record-keeping agency. In August, the finance ministry proposed to cap foreign investment in the pension sector at 26%, a suggestion accepted by a parliamentary panel that was examining the bill.

As per provisional figures, the BSE Sensex was down 9.82 points or 0.06% to 16,872.85. The index fell 4.37 points at the day's high of 16,878.30 in late trade. The index declined 241.02 points at the day's low of 16,641.65 in late trade, its lowest level since 12 October 2011.

The S&P CNX Nifty was down 5.05 points or 0.1% to 5,063.45, as per provisional figures. The Nifty hit a high of 5,065.20 in intraday trade. The Nifty hit a low of 4,989.50 in intraday trade, its lowest level since 11 October 2011.

BSE clocked turnover of Rs 2506 crore, higher than Rs 2229.15 crore on Tuesday, 15 November 2011.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,968 shares fell and 845 rose. A total of 112 shares were unchanged.

From the 30-share Sensex pack, 17 fell and the rest of them rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !