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Nifty Futures Support Resistance

Resisatnce Zone: NIFTY FUTURES HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 6079 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 6102.

Support Zone: NIFTY FUTURES HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 6017 & AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 5979.

Bank Nifty Futures Support Resistance

Resistance Zone: IT HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 12370 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 12420.

Support Zone: IT HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 12225 & AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 12120.
News Highlight

US Gold falls off record, market awaits data.
US Oil falls below $76; u.s. fuel supplies seen up.
US Copper probes downside as dollar firms.
India Jeera drops on profit-taking; seen edging down.

Fundamental Review

US Gold fell on tuesday as investors paused for breath and awaited economic data after betting the metal up to a record $1,300 an ounce in the previous session. US Copper slipped on tuesday as the stronger dollar prompted a flurry of profit-taking, but strong fundamentals are expected to underpin prices as the market waits for key data from the manufacturing sector.
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Hexaware Technologies Ltd on Monday raised its revenue outlook for the third-quarter, sending its shares up more than 13 percent, but a top official said margins would remain under pressure till the December quarter.

Ipca Laboratories Ltd., India's biggest supplier of anti-malaria drugs, forecast a 25 percent jump in sales of the treatments this year because of increased demand.

Sunil Mittal-led Bharti on Sunday announced its entry into the fast-growing mobile handset business with group firm Beetel launching eight handsets in the Rs 1,750-7,000 price range.

The rupee trimmed its gains in afternoon session on Monday as oil firms and importers bought dollars after the unit rose to its highest level in three months earlier in the session, dealers said.

FII inflow in September 2010 totaled Rs 12442.80 crore (till 16 September 2010). FIIs had bought equities worth Rs 11687.50 crore in August 2010. FII inflow in the calendar year 2010 totaled Rs 71824.50 crore (till 16 September 2010).

Steel ministry plans to seek easier norms for state-run steel firms from a proposed profit-sharing plan in mining, the steel minister said on Monday.

The dollar edged down and gold hit a record high on Monday as possible further Federal Reserve moves to increase money supply weighed on the U.S. currency and boosted alternative assets.

China's main nuclear energy corporation is in talks to build a 1-gigawatt atomic power plant in Pakistan, an executive said on Monday.

Oil pared gains to trade little changed in New York on concern that a slowing economic recovery will erode demand for fuels in the U.S., the world's biggest crude consumer.

Gold prices rose to a new record high at $1,283.25 an ounce on Monday, as fresh worries about the health of the global economy.
Suzlon Energy is planning to buy the remaining 9% stake in REpower Systems AG. The world’s third-largest wind turbine maker currently holds 91% stake in REpower.

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.
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Hindalco Industries touched a 52-week high of Rs 197.45. At 10:56 hrs the share was quoting at Rs 196.70, up Rs 5.55, or 2.90%.

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.

STOCKS TO WATCH

* 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.

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Indian pharma major Lupin Ltd expects continued growth in U.S. sales this fiscal on its rising branded and generics business, a top official said.

EIH's board approved a rights issue to raise as much as Rs 1300 crore. The board has set up a committee to finalise the rights ratio, issue price and other procedural modalities.

NTPC reportedly aims to more than double its installed generating capacity to 75,000 megawatt (MW) by March 2017 from 32,194 MW currently.

BASF India will reportedly launch seven products in the crop protection segment over the next three years.

Nifty Futures Resistance and Support Levels

Resisatnce Zone: IT HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 6062 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 6094.

Support Zone: IT HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 5969& AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 5928.

Bank Nifty Futures Resistance and Support Levels

Resistance Zone: IT HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 12363 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 12464.
Support Zone: IT HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 12123 & AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 11984.
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Ranbaxy Laboratories has reportedly won a court battle to sell its copy of US-based Bristol-Myers Squibb Co's anti-hepatitis B drug, baraclude.

Tata Motor's Nano, the world's cheapest car, which comes with a 600-cc petrol engine, is reportedly set to roll out in a diesel avatar apart from new petrol variants.

Vijay Mallya's fertilizer unit plans to build a 4 billion rupee ($88 million) plant to meet a shortfall in crop nutrient supply in India.

Kingfisher Airlines does not have any overdues to oil marketing companies, Chairman Vijay Mallya said.

The rupee continued to trade weaker in afternoon session on Thursday tracking losses in domestic shares while gains in the dollar versus majors also hurt sentiment.

India's 10-year bond yields held at their lowest level in two weeks on speculation banks will increase debt purchases to meet the central bank's reserve requirement rules.

India's food inflation rate climbed to a six-week high, a pace that may ease as above-normal rainfall this season boosts harvests. An index measuring wholesale prices of agricultural products including lentils.

Microsoft Corp on Wednesday sold $4.75 billion in new debt, some of it at the lowest U.S. corporate borrowing rate on record, as the world's largest software company takes advantage of low interest rates to raise cash.

Gold was firm on Thursday, underpinned by a soft dollar and expectations of further monetary easing in the United Statet.

Oil rose in New York before a report forecast to show U.S. crude supplies dropped last week.

The euro declined from near a five- month high against the dollar after growth in Europe's services and manufacturing industries weakened.
Equities bounced back sharply in the afternoon and closed above psychological levels as funds took positions even as European markets were in the red.

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.

0

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

Nifty Futures (23rd Sept.)

Resisatnce Zone: IT HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 6043 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 6093.

Support Zone: IT HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 5948 & AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 5903.

Bank Nifty Futures (23rd Sept.)

Resistance Zone: IT HAS FIRST RESISTANCE CLOSE TO THE LEVEL OF 12413 & AFTER IT MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 12532.

Support Zone: IT HAS FIRST SUPPORT CLOSE TO THE LEVEL OF 12161 & AFTER IT MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 12028.
* State gas transmission firm GAIL (India) Ltd, which on Wednesday got spot liquefied natural gas cargo in western India, plans to import more such parcels this year.

* Tata Motor's Nano, the world's cheapest car, which comes with a 600-cc petrol engine, is reportedly set to roll out in a diesel avatar apart from new petrol variants.

* The government reportedly plans to advance the Rs 8000 crore follow-on public offer of steel major Steel Authority of India (SAIL) by a month to gain from robust market conditions. Jindal Steel & Power will reportedly bid for Zimbabwe Iron and Steel Co a second time after the African country's government turned down its first offer.

* The rupee scaled fresh four-month highs on Wednesday morning boosted by broad losses in the dollar after the Federal Reserve signalled it was open to more easing and on the back of early gains in local shares.

* India's 10-year bonds advanced for a third day on speculation the central bank will hold off from raising interest rates to gauge the effect of the five increases already implemented this year.

* Euro zone industrial new orders fell more than twice as much as expected month-on-month in July, data showed on Wednesday.

* The United Arab Emirates has a unique system of concessions that allows foreign operators equity stakes in the OPEC producer's oil and gas fields.

* The dollar slid to the lowest in almost five months versus the euro on speculation the Federal Reserve's willingness to ease monetary policy further will damp demand for U.S. assets.

* Oil rose in New York before a report forecast to show U.S. crude supplies dropped last week.

0

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
.

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Hexaware Technologies Ltd. on Monday raised its revenue outlook for the third-quarter, sending its shares up more than 13 percent, but a top official said margins would remain under pressure till the December quarter.

Ipca Laboratories Ltd., India's biggest supplier of anti-malaria drugs, forecast a 25 percent jump in sales of the treatments this year because of increased demand.

Sunil Mittal-led Bharti on Sunday announced its entry into the fast-growing mobile handset business with group firm Beetel launching eight handsets in the Rs 1,750-7,000 price range.

The rupee trimmed its gains in afternoon session on Monday as oil firms and importers bought dollars after the unit rose to its highest level in three months earlier in the session, dealers said.

FII inflow in September 2010 totaled Rs 12442.80 crore (till 16 September 2010). FIIs had bought equities worth Rs 11687.50 crore in August 2010. FII inflow in the calendar year 2010 totaled Rs 71824.50 crore (till 16 September 2010).

Steel ministry plans to seek easier norms for state-run steel firms from a proposed profit-sharing plan in mining, the steel minister said on Monday.

The dollar edged down and gold hit a record high on Monday as possible further Federal Reserve moves to increase money supply weighed on the U.S. currency and boosted alternative assets.

China's main nuclear energy corporation is in talks to build a 1-gigawatt atomic power plant in Pakistan, an executive said on Monday.

Oil pared gains to trade little changed in New York on concern that a slowing economic recovery will erode demand for fuels in the U.S., the world's biggest crude consumer.

Gold prices rose to a new record high at $1,283.25 an ounce on Monday, as fresh worries about the health of the global economy.
Apollo Tyres Ltd
Recommendation : Hold
Rs. 84.90 -1.00 (-1.16%)
Stock Views : Hold the stock and ride the rally because the rally and the sector are very strong. The only negative is the rising rubber prices and off and on the strike in its plant. Otherwise the stock has strong fundamentals seeing robust demand in OEM and replacement markets.

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.

Stock Market Myths

I have seen that many people are afraid of investing in stocks or commodity markets just because they do not have knowledge about it, some even consider it gambling and do not want to enter and some consider it to be the game of rich and they are the only ones who drive these markets. So I have decided to clear some myths about Stocks and Commodity Markets here.