MARKET TUESDAY08.12.2009

The Sensex opened at 17,107 tracking positive cues from the global markets especially after the better-than-expected US job data. After displaying range-bound movement in the first half of the day, the Indian bourses slipped into the red. The index slipped to a low of 16,943, down 233 points from the days high.
The Sensex finally ended at 16,983, down 118 points. The NSE
Nifty continued its struggle to breach the year's high of 5182
which has acted as a hurdle for the bulls for the past few weeks. The NSE Nifty settled at 5,067, down 43 points. The market breadth was negative, out of 2,862 shares traded, 1,466 declined and 1,313 advanced on the BSE. Among the BSE sect oral indices, the Metal index was the top loser, shedding 3.2%, followed by the Realty index that was down 2.5% and the BSE Oil & Gas index was down 2%. The BSE Mid-
Cap index slipped 0.8% and the BSE Small-Cap index was up 0.5%. Bucking the negative trend were, BSE Capital Goods index up 0.7% and BSE Teck index up 0.3%.
Among the 30-components of Sensex, 20 stocks ended in the red and 10 ended in the positive terrain. Sterlite Industries, Tata Steel, Hindalco, RIL, DLF and M&M ended in the negative terrain. Among the major gainers were Bharti Airtel, HDFC, L&T, HDFC Bank and Hero Honda. Outside the frontline indices, the big losers in the broader market were Tata Comm, Godrej Industries, Tulip and REC Ltd. On the other hand, gainers included Piramal Health, Cummins India, Indian Hotels and GSPL. Shares of Adhunik Metaliks shot up by over 7% to end at Rs104 after the company received final approval from Ministry of Environment & Forests, Government of India for diversion of forest land in village-Deojhar, Kulum and Mahadebnas of Barbil Tahasil in Keonjhar district of Orissa for mining of Iron Ore out of its captive mine. Suzlon led the volume chart with trades of 18.51 million shares. It was followed by Karuturi Global (12.21 million), Satyam (10.36 million), Shiva Cement (8.13 million) and Radhe Developers (8 million).
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MONDAY GREETINGS & MARKE VIEW 07.12.2009

Markets rallied smartly at the beginning of the week owing to strong gross domestic product numbers and easing Dubai debt woes. The benchmark indices consolidated at higher levels in the
second half of the week. The Sensex touched a fresh six-week high at 17,361, and finally closed with a gain of 2.8 per cent (470 points) at 17,102. Among the index stocks - Tata Motors zoomed nearly 13 per cent to Rs 710. Hindalco soared 11 per cent to Rs 147. Bharti Airtel, DLF, Reliance Communications, Sterlite, Jaiprakash Associates and Tata Steel surged 6-9 per cent each. On the other hand, Hero Honda and Hindustan Unilever ended with losses of 4 per cent each.
The Bollinger bands have got narrower suggesting a range of 17,400-16,500 for the index. Two consecutive closes above 17,400 should trigger a fresh upmove with immediate target around 18,100-18,600. On the downside, the index has considerable support around 16,940 and 16,780. A sustained stay below 16,500 could negate the uptrend. One could expect weakness in the first half of the coming week. So there is a need to watch the downside levels closely. While the daily oscillators are close to indicating selling pressure, the weekly oscillators are still firmly in the buy mode.
The NSE Nifty moved in a range of 239 points. The index touched a high of 5,181. and finally settled with a gain of 3.4 per cent (167 points) at 5,109. The trading band for the Nifty has narrowed down to 5,183-4,890. One needs to watch these levels closely for a breakout on either side.
Currently, the bias is positive as the index has closed above its short-term and medium-term moving averages. While the short-term (20-days) moving average is at 4,988, the medium-term (50-days) moving average is at 4,890

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Market view 04.12.2009

MARKET :04.12.2009

SENSEX 17101.54 -84.14
NIFTY 5108.90 -22.80
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16

Equities failed to break out of resistance levels for consecutive second day and ended in the negative terrain Friday. Indices had run-up sharply in the past few sessions on the back of positive news but lack of fresh triggers left the market dry on volumes. “There is not much steam left in the market as valuations of most of the companies (barring auto stocks) are fairly valued. The Dubai crisis is an indicator that there may be a correction ahead. One negative news and the global markets are ready to tank. We see the Nifty slip to 4400-4200 in the medium term. This correction would be the best opportunity for all kind of investors to take positions in the market.

Bombay Stock Exchange’s Sensex was at 17101.54, down 84.14 points or 0.49 per cent. The 30-share index touched a high of 17291.83 and low of 17032.81.

National Stock Exchange’s Nifty was at 5108.90 down 22.80 points or 0.44 per cent. The index touched a high of 5161.80 and low of 5081.85 in today’s trade.

The BSE Midcap Index was down 0.19 per cent and BSE Smallcap Index was moved 0.38 per cent higher. Amongst the sectoral indices, BSE Auto Index was down 1.47 per cent, BSE Bankex slipped 1.18 per cent and BSE Oil&gas Index fell 0.97 per cent. BSE Healthcare Index advanced 1.24 per cent and BSE FMCG Index inched 0.36 per cent higher.

Biggest Sensex gainers were Bharti Airtel (0.99%), TCS (0.77%), Reliance Infrastructure (0.77%), Hindalco Industries (0.68%) and Tata Motors (0.60%). Maruti Suzuki (-2.44%),

Mahindra & Mahindra (-2.17%), Hero Honda (-1.61%), ICICI Bank (-1.42%) and ONGC (-1.39%) were amongst the major losers.

Market breadth on BSE showed 1435 declines against 1372 advances

Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtipsGroup mail id: makin97NSEtips@yahoogroups.co.in

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Market view 03.12.2009

SENSEX 17185.68 15.77
NIFTY 5131.70 8.45
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16

Equities gave away intraday gains and ended flat on Thursday, as profit booking emerged at key resistance levels. Volume was low for the second straight day as traders were cautious of taking fresh long positions.

The indices opened on a firm note and gradually built on the positive start. By afternoon the Nifty kissed its 52-week high but failed to hold on to that level and bout of profit booking stripped the benchmarks of all the gains. “For the past three months Nifty has been consolidating in the range of 5200-4500. One of the positives of the current trend is that we are consolidating at the upper band. There are chances that we may see a positive breakout, unless some negative newsflow changes the market mood,.

Bombay Stock Exchange’s Sensex closed at 17,185.68, up 15.77 points or 0.09 per cent. It touched an intra-day high of 17,361.27 and low of 17,128.21.

National Stock Exchange’s Nifty ended at 5,131.70, up 8.45 points or 0.16 per cent. The 50-share faced resistance at 5,181. It fell to an intra-day low of 5,106.60. "Once 5,200 is crossed on huge volumes and Nifty is able to holds these levels for over a week, we can then decisively say the range is broken. 5,100 will then act as a strong support. On the downside, 4,500 will act as a medium-term support.

The BSE Midcap Index was up 0.39 per cent and BSE Smallcap Index gained 0.92 per cent. Amongst the sectoral indices, BSE Healthcare Index was up 1.66 per cent, BSE Metal Index gained 1.19 per cent and BSE Realty Index jumped 0.58 per cent. BSE Auto Index was down 0.31 per cent and BSE Capital Goods slipped 0.06 per cent.

Biggest Sensex gainers were Reliance Communications (2.54%), Hindalco Industries (2.42%), ACC (2.05%), Grasim Industries (2.04%) and State Bank of India (2.02%).

Losers were Tata Motors (-3.34%), Hindustan Unilever (-1.89%), Jaiprakash Associates (-1.11%), ICICI Bank (-1%) and Hero Honda (-0.95%). Market breadth on BSE remained positive with 1,653 advances against 1,114 declines.

European markets were in the positive terrain led by banks. US markets were also expected to open in the green. At 5:30 pm IST, Dow Jones stock futures were up 0.37 per cent, S&P 500 moved 0.42 per cent higher and Nasdaq 100 gained 0.31 per cent.

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market view 01.12.2009

European and Us Mkt trading in Big green !!!

MARKET VIEW 01.12.2009
SENSEX 17198.27 272.05

NIFTY 5122.00 89.30
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equities ended above psychological resistance levels on Tuesday as robust auto sales figures, positive global markets and than-expected GDP figures boosted investor sentiments. Indices opened higher in line with Asian markets and extended overnight gains as euphoria over 7.9 per cent second quarter GDP growth continued to attract investors. Monthly figures from auto companies also showed decent rise in sales. Indian economy is moving on a better-than-expected path. However, a clear picture would emerge with next quarter results

Bombay Stock Exchange’s Sensex closed at 17,198.27, up 272.05 points or 1.61 per cent. The 30-share index touched a high of 17218.46 and low of 16947.46.

National Stock Exchange’s Nifty ended at 5122, up 89.30 points or 1.79 per cent. The broader index hit a high of 5130.35 and low of 5038.85 in today’s trade. “Nifty may see a rally of another 100 points but a correction of 5-10 per cent may set in at these levels

Market breadth was positive on the BSE with 2,031 gainers and 725 losers. The BSE Midcap Index was up 1.77 per cent and BSE Smallcap Index moved 2.15 per cent higher. Amongst the sectoral indices, BSE Realty Index surged 6.17 per cent, BSE Auto Index gained 2.90 per cent and BSE Healthcare Index advanced 2.55 per cent. Tata Motors (6.03%), Sun Pharma (5.62%), DLF (5.46%), Mahindra & Mahindra (4.84%) and Reliance Industries (3.30%) were amongst the top Nifty gainers. Hindustan Unilever (-1.95%), BHEL (-0.64%) and ONGC (-0.21%) were the only Nifty losers. Mahindra & Mahindra reported robust sales numbers for the month of November. The company’s total sales rose 96 per cent to 22,587 from 11,515 units. There were also reports that the Mahindra Group will restructure its top management by inducting several fresh faces into its key decision-making body to reflect the $6.7-billion conglomerate’s expanding business interests. The company has also signed an agreement with global weapon system manufacturer BAE Systems to form a joint venture defence company in India to focus on land-based systems. Maruti Suzuki India reported 66.57 per cent jump in total sales at 87,807 units during October against 52,711 units during the same month last year. The scrip ended 1.69 per cent higher.
shares of Areva T&D India closed over 2 per cent up on expectations of a possible open offer bid. French company Areva decided to sell its

power transmission and distribution network to French firms Alstom and Schneider Electric. Later in the day, finance Minister Pranab Mukherjee said that disinvestment in three power PSUs--NTPC, Rural Electrification Corporation and Satluj Jal Vidyut Nigam--would be completed during the current financial year. He added that 5 per cent stake will be offloaded in NTPC and REC. Shares of NTPC ended up 0.33 per cent and REC closed 2.59 per cent higher. European markets bounced back as fears of Dubai credit crisis eased. FTSE 100 was up 1.57 per cent, CAC 40 gained 1.86 per cent and DAX moved 1.87 per cent higher. US stock futures, too, were pointing to a positive start. At 5:30 pm, Dow Jones stock futures was up 0.71 per cent, S&P 500 moved 0.79 per cent higher and Nasdaq 100 gained 0.89 per cent.

Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in

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