Nifty Futures Support and Resistance Levels
REpower Systems AG is a Germany-based technology company engaged in the development, licensing, production and sale of wind energy turbines as well as after-sales service for the German wind energy sector.
Recently,REpower Systems AG had entered into an agreement with Klagerup Kraft AB for the delivery of three of its MM92 wind turbines with a rated power of 2.05 MW each for a wind farm project near the city of Malmo in the Skane province in Sweden. The project is developed and partly owned by HS Kraft AB, one of the leading developers of wind power in Sweden. The Klagerup wind farm is scheduled for installation and operation by 2011.
It was trading with volumes of 2,499,985 shares. On Friday the share closed up 0.76% or Rs 1.45 at Rs 191.15.
Share Price Movement During The Last 12 Months | ||||
Period | Price | Latest Price | Gain/Loss(Rs.) | % Gain/Loss |
3-Days | 189.75 | 196.7 | 6.95 | 3.66 |
5-Days | 193.95 | 196.7 | 2.75 | 1.42 |
7-Days | 189.05 | 196.7 | 7.65 | 4.05 |
15-Days | 182.4 | 196.7 | 14.3 | 7.84 |
1-Month | 168.5 | 196.7 | 28.2 | 16.74 |
3-Month | 151 | 196.7 | 45.7 | 30.26 |
6-Month | 177.65 | 196.7 | 19.05 | 10.72 |
9-Month | 158.15 | 196.7 | 38.55 | 24.38 |
1-Year | 129 | 196.7 | 67.7 | 52.48 |
The BSE SENSEX is likely to open higher on Monday tracking regional peers as economic data in the U.S. bolstered hopes the recovery was on firmer ground, but gains could be capped by profit booking later in the session.
RELIANCE INDUSTRIES will be in focus after the Mint daily reported the energy major plans to invest over 400 billion rupees by 2014 to expand the world's biggest refining complex it runs in Jamnagar, Gujarat.
Banking stocks will be watched after the Economic Times newspaper reported India's central bank has instructed several state governments not to give new businesses to private sector banks.
IT firm Mahindra Satyam will be in focus after the IT firm said late on Friday it would delist from the New York Stock Exchange in mid-October due to non-compliance as it would likely miss a deadline to restate results for fiscal year 2009.
The MSCI's measure of Asian markets other than Japan was up 1 percent at 0310 GMT, while Japan's Nikkei rose 1.4 percent.
The Nifty India stock futures in Singapore were up 0.7 percent.
On Friday, the 30-share BSE index closed 0.9 percent higher at 20,045.18 points.
* Rolta India after a senior official told Reuters it sees FY12 revenue growing more than 15 percent, while maintaining the guidance for FY11.
* Indian Hotels Co Ltd after it said it was in talks to invest up to $35 million to upgrade its hotel in the Sri Lankan capital, Colombo, as tourist arrivals on the island surge.
* Navin Fluorine after it said it would invest 135.5 million rupees to buy back shares at 400 rupees each.
* Hindustan Construction Co Ltd after it said it won two orders worth 2.7 billion rupees.
Bombay Stock Exchange’s Sensex closed at 20045.18, up 184.17 points or 0.93 per cent. The broader index touched a high of 20071.75 and low of 19833.52.
National Stock Exchange’s Nifty closed at 6010.70, up 51.15 points or 0.86 per cent. The broader index touched a high of 6029.10 and low of 5951.20.
BSE Midcap Index ended 1.04 per cent higher and BSE Smallcap Index moved 1.05 per cent up.
Amongst the sectoral indices, BSE Realty Index advanced 2.78 per cent, BSE FMCG Index moved 1.79 per cent higher and BSE Bankex moved 0.98 per cent higher.
Hindustan Uniliever (3.22%), Bharti Airtel (2.94%) Reliance Communications (1.76%), ONGC (1.24%) and Maruti (1.11%) were the top Sensex gainers.
Jindal Steel (-1.45%), Sterlite Industries (-0.72%), Jaiprakash Associates (-0.70%), NTPC (-0.53%) and Tata Motors (-0.42%) were the top losers.
Market breadth was positive on the BSE with 1899 gainers against 727 losers.
Suzlon Energy, the country's largest wind turbine manufacturer, has crossed installations of 5000 megawatt in the country.
The installations account for around half of country's total wind installations. Suzlon has cumulatively added over 5,000 MW of wind power capacity for over 1,500 customers in India across 40 sites in eight States.
Suzlon's shares were trading at Rs 54.20, nearly one per cent up from previous close.
NSE Equity code | Buy Above | Target (1) | Target (2) | Stop Loss | Expiry Date |
TRIVENI | 112.10 | 117.5 | 120.4 | 109.2 | 30/09/10 |
MOSERBAER | 69.70 | 72.8 | 74.5 | 68.00 | 30/09/10 |
FSL | 28.30 | 29.55 | 30.4 | 27.50 | 30/09/10 |
EKC | 121.90 | 125.7 | 128.2 | 119.4 | 30/09/10 |
IDBI | 145.50 | 149.9 | 152.6 | 142.8 | 30/09/10 |
India's largest state-run refiner Indian Oil Corp expects revenue of 150 billion rupees ($3.3 million) from its petrochemicals business in the 2011/12 financial year
The BSE Sensex turned negative on Wednesday morning as investors booked profits after the main stock index rose to fresh 32-month highs.
At 10:20 a.m , the 30-share BSE index was down 0.01 percent at 19,999.80 points, with 11 components declining. It had risen as much as 0.5 percent early to 20,105.54 ,its highest since January 2008.
The 50-share NSE index was down 0.1 percent at 6,003.60.
Copper futures on Wednesday may recover from the previous day's lows tracking overseas markets, where a weak dollar supported the red metal,
On Tuesday, the most-active November copper on the Multi Commodity Exchange (MCX) closed at 352.50 rupees per kg, down 0.5 per cent, after hitting an intra-day low of Rs 351.35.
London base metals rose by 0.4 per cent on a volume weighted average basis, supported by the dollar's decline to a seven-week low after the Federal Reserve meeting.
"It would open higher but the bias is on the lower side, 356 could be a good selling point,"
GOLD: Gold futures may recover on Wednesday tracking overseas markets, where a weaker dollar supported the yellow metal after the Federal Reserve meeting,
The most-active October gold contract on MCX last closed at Rs 19,018 per 10 grams, down 0.4 per cent from Monday and 1.2 per cent from the all-time high of Rs 19,257 struck on Sept 15. The contract may open at Rs 19,100.
International gold edged up, after hitting a fourth consecutive record, after the U.S. Federal Reserve moving closer to providing more support to the economy. Gold may trade in the range of Rs 19,000-19,150
Lower Trgt (2) 5930.28
Lower Trgt (1) 5969.67
Pivot 6001.23
Upper Trgt (1) 6040.62
Upper Trgt (2) 6072.18
1.If Bullish take only Long Position don’t short.
2.If Bearish take only Short Position don’t long.
Intraday Stock Recommendations
Recommendation : Hold
Rs. 84.90 -1.00 (-1.16%)
TATA Motors Ltd.
Recommendation : Buy
Rs. 1,056.20 +20.55 (1.98%)
Stock Views : If we look at the charts of Tata Motors, specifically in the futures segment, Rs 980 is a good support for Tata Motors. On the upside, 1075 remains to be a resistance but what we are seeing is that if this consolidation pattern continues and the stock actually gives you a breakout on the upside, you will see a very strong rally probably to around 1150-1180 levels. The caveat here is that the stock should break 1080 with very strong volumes.