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Indian Stock Market

  ( 06 May 2010 )

Commodities Market : Crude oil fell to a seven-week low as the euro dropped against the dollar on concern that Greece’s bailout may have to be extended to other indebted nations. Copper crumbled on continued pressure from demand concerns in top consumer China. Gold futures rebounded from the biggest decline in two weeks as investors bought the precious metal as a haven against financial turmoil in Europe.

Sensex recovers in the last session : Reacting to weak cues from the global markets, the Sensex opened o More....

 

Stock Tips ( 06 May 2010 )

   VIDEOIND Buy Around 214 TGT 220-225 SL 210 Intraday

   Ispat Industries Ltd. SELL, SL Rs 19.50 TGT 17.50 Intraday

   Jaiprakash Power Ventures Ltd SELL, SL Rs 74.50 TGT 65.00 Intraday

   Lanco Infratech Ltd. SELL, SL Rs 63.50 TGT 55.00 Intraday

   Jindal Saw Ltd. SELL, SL Rs 212 TGT 190.00 Intraday

   Larsen & Toubro Ltd. SELL, SL Rs 1580 TGT 1,490.00 Intraday

   Jaiprakash Power Ventures Ltd. SELL, SL Rs 74.50 TGT 65.00 Intraday

   India Infoline Ltd. SELL, SL Rs 108.50 TGT 96.00 Intraday

   Dena Bank – Buy, SL Rs 81 TGT 88.00 Intraday

* Morning Brief for 06 May 2010 *

Today Nifty is likely to open gap down by around 25 points. Thereafter expecting it to remain volatile and choppy in initial hours of trade and likely to trade with negative bias. However we could see recovery in indices and stocks like yesterday. Nifty has immediate support at 5060 and resistance at 5180. We could see rally in stocks of metals, beaten down heavily in last few trading sessions.

Yesterday Nifty
More....

 
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Market Commentary ( By selected users )
Topic :- Time:2.05 PM

Nifty spot if manages to trade and sustain above 5100 then we can see some more recovery in the market and if Nifty spot breaks and trade below 5075 then some profit booking may follow. The market breadth is negative with advances at 548 against declines of 755 on the NSE.

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Topic :- Time:12.20 PM

Its past noon and the Indian market looks nervy at this point of time with results being at the low point of the day.
Sensex is on 16908, in the negative by 179 points since its previous close, while Nifty is on 5067, in the red by 57 points.
CNX Midcap index is down 1% and BSE Smallcap index is down 0.1%.
The market breadth is now negative with advances at 552 against declines of 687 on the NSE.

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Topic :- Time:11.30 AM

News Wrap Up-
1. ICICI, others in talks to buy out Tayals in BoR
2. TCS, Infy, Wipro in race for $38-bn outsourcing deals
3. Jagran to buy Mid-Day Info for Rs 200 cr
4. Patni promoters plan to sell stake to NTT
5. IDBI AMC launches first NFO
6. Re falls 17 paise against $
7. Nikkei slides 3% to 2-mth low on euro zone woes
8. FIIs net bought Rs 1630 crore in F&O on Thursday
9. Mid-day Multimedia Q4 net loss at Rs 1.39 cr
10. ICICI eyes stake in Bank of Rajasthan

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Topic :- Time:11.00 AM

Market to remain volatile and to follow global cues. For Today NIFTY Having Strong Support at 5080(Spot) levels. Nifty spot if manages to trade and sustain above this level then we can some upward movement in market till 5110. Above 5110(Spot) we can see some good short covering along with some fresh buying in market which can take nifty to further higher levels till 5140-5170-5200. Else if Nifty spot breaks and trade below 5080 then we can see some weakness in market till 5050. Below 5050(Spot) we can see some panic selling pressure which can take nifty to further lower till 5020-4980-4950 levels very soon.

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Topic :- Time:10.10 AM

Nifty spot will find its minor support at 5070 now. Below 5070 we can see some more profit booking in the market.5102 to act as minor resistance for the Nifty. Follow market trend and trade with strict stoploss.The market breadth is positive with advances at 739 against declines of 481 on the NSE.

Data For today:
12:45pm CHF CPI m/m 0.8% 0.1%
2:00pm GBP Services PMI 57.1 56.5
All Day GBP Parliamentary Election
3:30pm EUR German Factory Orders m/m 1.3% 0.0%
5:15pm EUR Minimum Bid Rate 1.00% 1.00%
6:00pm CAD Building Permits m/m 0.6% -0.5%
6:00pm EUR ECB Press Conference
6:00pm USD Unemployment Claims 441K 448K
6:00pm USD Prelim Nonfarm Productivity q/q 2.4% 6.9%
6:00pm USD Prelim Unit Labor Costs q/q -0.5% -5.9%
6:30pm USD Treasury Sec Geithner Speaks
6:40pm USD FOMC Member Bullard Speaks
7:00pm USD Fed Chairman Bernanke Speaks
7:30pm CAD Ivey PMI 57.7 57.8
8:00pm USD Natural Gas Storage 79B 83B

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Topic :- Opening Note

Market to remain volatile and to follow global cues. Nifty spot if manages to trade and sustain above 5150 then we can see some more recovery and if Nifty spot breaks and trade below 5055 then some profit booking may follow. Please note this is opening note and should not be considered as view for whole day.

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IndexCountryValue Change% ChangeOpen priceDays RangeIST
Nasdaq Composite America 2368.46 9.51 0.40 2351.11 2368.46 - 2347.53 Mar 12 2010 4:00AM
S&P 500 Index America 1150.24 4.63 0.40 1143.96 1150.24 - 1138.99 Mar 12 2010 3:29AM
Dow Jones Ind. Avg. America 10611.84 44.51 0.42 10560.98 10611.84 - 10507.17 Mar 12 2010 3:00AM
IBovespa Sao Paulo Brazil 69884.61 -94.67 -0.14 69980.85 70183.45 - 69411.40 Mar 12 2010 2:43AM
IPC Mexico 32602.94 97.18 0.30 32506.34 32631.06 - 32353.92 Mar 12 2010 2:35AM
Santiago Ind IPSA Chile 3816.32 2.34 0.06 3816.76 3824.05 - 3810.71 Mar 12 2010 1:42AM
MerVal Buenos Aires Argentina 2332.17 -0.05 0.00 2333.30 2344.75 - 2330.62 Mar 12 2010 1:30AM
IndexCountryValue Change% ChangeOpen priceDays RangeIST
All Ordinaries IDX Australia 4834.40 8.90 0.18 4826.40 4847.00 - 4825.00 Mar 12 2010 8:35AM
Jakarta Composite Indonesia 2675.16 -1.36 -0.05 2676.11 2686.24 - 2673.22 Mar 12 2010 8:35AM
PSE Composite Philippines 3083.90 -41.66 -1.33 3116.95 3116.95 - 3075.19 Mar 12 2010 8:35AM
TSEC Weighted Index Taiwan 7745.34 -4.32 -0.06 7773.52 7773.52 - 7726.09 Mar 12 2010 8:35AM
SGX Nifty Fut-Mar Singapore 5155.00 -5.00 -0.10 5165.50 5165.50 - 5142.00 Mar 12 2010 8:29AM
Hang Seng Hong Kong 21245.25 17.05 0.08 21249.80 21260.07 - 21146.89 Mar 12 2010 8:20AM
KLSE Composite Malaysia 1312.55 -8.88 -0.67 1319.60 1321.89 - 1312.44 Mar 12 2010 8:20AM
SSE 180 Index (Shanghai) China 7083.16 -17.31 -0.24 7101.82 7120.02 - 7058.04 Mar 12 2010 8:20AM
SSE Composite Index China 3045.39 -5.89 -0.19 3051.47 3057.52 - 3033.09 Mar 12 2010 8:20AM
Straits Times Singapore 2878.49 4.58 0.16 2880.78 2882.26 - 2870.52 Mar 12 2010 8:20AM
Seoul Composite South Korea 1658.31 1.69 0.10 1666.59 1666.86 - 1653.03 Mar 12 2010 8:15AM
NZX 50 INDEX New Zealand 3220.53 -2.92 -0.09 3223.45 3232.11 - 3219.53 Mar 12 2010 8:13AM
Nikkei 225 Japan 10708.47 43.52 0.41 10777.49 10777.49 - 10699.30 Mar 12 2010 7:59AM
Tel-AV TASE-100 Ind East Israel 1145.25 1.77 0.15 1139.66 1148.46 - 1139.39 Mar 11 2010 7:54PM
Colombo Ind All Sri Lanka 3832.30 31.08 0.82 3801.22 3837.91 - 3801.22 Mar 11 2010 2:48PM
IndexCountryValue Change% ChangeOpen priceDays RangeIST
DAX Germany 5928.63 -8.09 -0.14 5913.17 5954.55 - 5906.84 Mar 12 2010 1:00AM
CAC 40 France 3928.95 -14.60 -0.37 3921.26 3946.15 - 3909.95 Mar 11 2010 10:42PM
AEX General Netherlands 339.02 -1.95 -0.57 339.45 341.18 - 337.71 Mar 11 2010 10:38PM
Euronext BEL-20 Belgium 2613.52 -20.64 -0.78 2618.82 2623.21 - 2602.11 Mar 11 2010 10:37PM
Madrid General Spain 1145.23 -8.20 -0.71 1147.20 1153.09 - 1140.49 Mar 11 2010 10:07PM
FTSE 100 United Kingdom 5617.26 -23.31 -0.41 5640.57 5642.87 - 5594.74 Mar 11 2010 10:05PM
FTSE 250 United Kingdom 9854.44 -10.85 -0.11 9865.27 9872.06 - 9829.79 Mar 11 2010 10:05PM
ATX Austria 2518.32 0.95 0.04 2517.33 2518.73 - 2500.25 Mar 11 2010 10:05PM
Swiss Market Switzerland 6851.73 -21.86 -0.32 6860.03 6881.77 - 6827.95 Mar 11 2010 10:00PM
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