SHREE GANESHAY NAMAAH !

Let's not get carried away! Market still in dire straits !

Don't bet on big fall in oil - even with slowdown !

With debt crises either side of the Atlantic, Europe flirting with recession and Libyan oilfields returning to production, it is tempting to be bearish on oil.

There is no downtrend without a pullback and that's what happened today. The market recovered some ground after seven days of despair. The pullback rally lost some steam mid-session, but frontline indices managed to close with handy gains.

The Nifty gained just over 30 points to close just above the 4,800 mark, while the Sensex ended the session at 16,065, up 120 points.

Truth be told, the market had gotten very oversold — both equities and the foreign exchange. Therefore, a pullback was always going to be very technical in nature. Also, the market is very close to expiry, so maybe some of the shorts might have closed out as well and booked profits.

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: 4805.30
Avg. : 5062.36

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 4768.60
Close: 4805.30
Avg. : 5054.45

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4805.30
Avg. : 5470.95

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

Pantaloon Retail (India), Tata Motors, Aurobindo Pharma and Jet Airways (India) are among the other gainers.

Auto component maker Amtek Auto surged 19.20% to Rs 120.75 after the company said that its proposed buyback offer will commence from 8 December 2011. The stock topped the gainers in the BSE's 'A' group.

Amtek Auto will buyback shares from the open market. The company proposes to buyback a minimum of 30 lakh equity shares. The maximum offer price for buyback is Rs 200 per share. The firm has set aside an aggregate amount of Rs 291 crore for the offer. The last date of the offer is 24 August 2012.

Retail chain operator Pantaloon Retail (India) galloped 8.38% to Rs 188.25, reversingMonday's (21 November 2011) 12.38% slump. The stock was second biggest gainer in 'A' group.

Shares of Pantaloon had slumped 12.38% to Rs 173.70 on Monday on profit booking after the stock jumped 29.66% in the preceding three sessions to Rs 198.25 on 18 November 2011 from a recent low of Rs 152.90 on 15 November 2011.

Shares in retail sector have been in demand off late on reports that union cabinet may soon consider a proposal of allowing foreign direct investment in multi-brand retail.

India's largest truck maker by sales Tata Motors jumped 6.91% to Rs 172.60 on bargain hunting after the stock lost 11.36% in the preceding three trading sessions to Rs 161.45 on Monday, 21 November 2011 from a recent high of Rs 182.15 on 16 November 2011. The stock was third biggest gainer in 'A' group.

Tata Motors on Monday, 21 November 2011, introduced a new version of the Nano minicar, which it said is more powerful and fuel efficient than the previous model. Tata Motors said it will continue to sell the Nano at the same price. The Nano, sold in three variants, is priced between Rs 1.4 lakh and Rs 1.96 lakh at showrooms in New Delhi. Tata Motors said the new version of the Nano will have a fuel efficiency of 25.4 kilometers per liter, compared with 23.6 kilometers per liter of the previous variant. The new Nano is powered by a 624 cubic centimeter gasoline engine that will deliver 38 horsepower, compared with 35 horsepower in the previous variant.

Aurobindo Pharma climbed 6.76% to Rs 89.25, extending Monday's 1.52% rise triggered by bargain hunting after a recent slump in share price. The stock was fourth biggest gainer in 'A' group.

Shares of Aurobindo Pharma rose 1.52% to Rs 83.60 on Monday on bargain hunting after the stock lost 36.75% in eleven sessions to Rs 82.35 on 18 November 2011 from a recent high of Rs 130.20 on 1 November 2011.

Private air carrier Jet Airways (India) rose 5.41% to Rs 251.35 on reports the government is likely to allow up to 26% equity participation by foreign airlines in Indian carriers, in a bid to further liberalise the aviation sector in the country and help the industry out of it present troubles. The stock was fifth biggest gainer in 'A' group.

As per reports, a cabinet note has put investment cap for foreign airlines in Indian carriers at 26%, against the 24% proposed initially by the civil aviation ministry. At present, foreign direct investment of up to 49% is allowed in the aviation sector, but foreign airlines are not allowed to invest in a domestic airline company.

Meanwhile, the auditors of Jet Airways have warned the company needs to raise funds or generate cash flows in the future to meets its obligations, including financial support to its loss-making subsidiary JetLite. Auditors Deloitte Haskins & Sells and Chaturvedi & Shah said in a report dated 11 November 2011 that raising money is crucial if Jet's accounts have to be prepared on a going concern basis in the future. The report was released to the stock exchange after market hours on Monday, 21 November 2011.

Market snaps 8-day losing streak; Sensex reclaims 16,000

Market ends choppy trading session higher; breadth negative

The market breadth, indicating the overall health of the market, once again turned negative from positive. The breadth alternately swung between positive and negative zone throughout the day today, 22 November 2011. On BSE, 1,416 shares declined and 1,396 shares advanced. A total of 129 shares were unchanged.

The total turnover on BSE amounted to Rs 1968 crore, lower than Monday's (21 November 2011) Rs 2078.91 crore.

From the 30-share Sensex pack, 18 gained while the rest of them declined.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !