| |
| |
| | | | | | |
 Feedback |
|
|
| | | |
|
| |
|
|
|
|
|
By continuing to read this article, you have read and agreed to the disclaimers at the bottom of this page.
|
Stocks Strategy
11th March 2010
|
Top News
- The Indian government has no immediate plans to sell stake in state-run Oil and Natural Gas Corp (ONGC) and Indian Oil Corp (IOC) Oil Secretary S. Sundareshan told
- Tata Sons, the holding entity for Tata Group firms, and Citigro have acquired 8.65 million shares in Tata Motors TEL from Germany's Daimler AG
- Tata Steel sees iron ore prices rising up to 35 pct
- Shree Cement plans clinker unit in Rajasthan
- Supreme Infra says gets orders worth 4.05 bln rupees
- The Indian rupee strengthened towards recent two month highs on Wednesday tracking gains in regional peers and a firm local stock market
- Indian bond yields steady; data, borrowing cues eyed
- India's State Bank to issue retail bonds next fiscal
- IRFC retains bids for 6 bln rupees of 15-yr bonds
- IDBI Bank to sell perpetual bonds on Wednesday
- India's wholesale price inflation is unlikely to touch double digits by end-March, M. Govinda Rao, a member of the Prime Minister's Economic Advisory Council, told
- Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
- Yen rises as equities slip; sterling falters
- PRECIOUS-Gold slips after 1 pct drop; stuck in range
- Oil edges up towards $82 on China import surge
- FOREX-Yen holds firm, strong China data boosts Aussie
- PRECIOUS-Gold rebounds on bargain hunting
- German exports slump, shrinking trade surplus
|
www.capitalvia.com
|
Market Review
Indian Market:
Nifty saw another lacklustre session of trade, but managed to hold the 5100 mark for the third consecutive day. It was positive in the first half of trade while turned extremely volatile in the second half of trad. The action was mainly seen in midcaps and smallcaps. In largecaps, buying was seen in oil&gas, FMCG and auto stocks. The Sensex closed at 17098, up 45.798 points and the Nifty was at 5116.25, up 14.75 points, as per provisional data.
NMDC Ltd., Asia’s third-largest iron-ore producer by value, forecast a record profit for the next fiscal year as demand from construction and automobile companies boosts prices of the key steelmaking raw material.
Reliance Industries Ltd., operator of the world’s largest refining complex, sold gasoline to Iran in April and May of last year, India’s government said.
Chief Economic Advisor Kaushik Basu, said inflation would ease by April 2010, with low fiscal deficit and a good rabi (winter) crop improving food supplies
Global Cues:
Most Asian stocks were trading lower on Wednesday as shipping lines and oil companies dropped after crude declined for a second day in New York and a measure of cargo-transport rates retreated for the first time in almost two weeks.
U.S. stocks rose on the anniversary of the 2009 bear-market low for the Standard & Poor’s 500 Index amid speculation the economy will continue to recover from the worst contraction since the Great Depression. US equities ended slightly higher on Tuesday as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors
European stocks were little changed as the Stoxx Europe 600 Index remained near a seven-week high for a third straight day. Asian shares and U.S. futures were also little changed.
The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.
Technical View:
NIFTY IS LOOKING TO HOLD THE LEVEL OF 5090 TO 5100 AND GETTING GOOD BUYING SUPPORT AT THIS LEVELS.IN THE NIFTY FUTURE WE COULD EXPECT THE UPSIDE RALLY IF IT CLOSE ABOVE THE LEVEL OF 5145 TO 5150. ABOVE THIS RANGE MIGHT TOUCH THE LEVEL OF 5200 AND IF IT SUSTAIN COULD GO TILL THE LEVEL OF 5225.AT THE MOMENT MOVING IN NARROW RANGE OF 5090 TO 5145, SO FOR THAT RANGE WE RECOMMEND BUYING IN NIFTY AROUND THE LEVEL OF 5100 FOR THE TG OF 5140 WITH INTRA DAY SL 5080.
|
Nifty Future March
Figure: 1 Nifty Daily Graph
Resisatnce Zone: IT HAS FIRST RESISTANCE AT THE LEVEL OF 5145 & AFTER IT COULD FACE RESISTANCE AT THE LEVEL OF 5200.
Support Zone: IT HAS FIRST SUPPORT AT THE LEVEL OF 5080 & AFTER IT COULD GET THE SUPPORT AROUND THE LEVEL OF 5045.
|
Bank Nifty Future March
Figure: 2 Bank Nifty Daily Graph
Resistance Zone: IT HAS FIRST RESISTANCE AT THE LEVEL OF 9200 & AFTER IT COULD FACE RESISTANCE AROUND THE LEVEL OF 9345.
Support Zone: IT HAS FIRST SUPPROT AT THE LEVEL OF 8960 & AFTER IT COULD GET THE SUPPORT AROUND THE LEVEL OF 8710.
|
For Support & Resistance
Service |
Monthly |
Quarterly |
Half-Yearly |
Yearly |
| Stock Tips (Cash Calls) |
INR 4,000 | Pay Now |
INR 7,500 | Pay Now |
INR 14,250 | Pay Now |
INR 27,000 |
| Stock Futures |
INR 5,000 | Pay Now |
INR 12,000 | Pay Now |
INR 23,250 | Pay Now |
INR 45,000 |
| Premium Stock Tips |
INR 8,000 | Pay Now |
INR 20,000 | Pay Now |
INR 38,000 | Pay Now |
INR 72,000 |
| Nifty Premium Calls |
INR 4,000 | Pay Now |
INR 7,500 | Pay Now |
INR 12,000 | Pay Now |
INR 22,500 |
| Options - Call & Put |
INR 5,000 | Pay Now |
INR 13,500 | Pay Now |
INR 25,000 | Pay Now |
NA |
| Commodity Bullions |
INR 6,000 | Pay Now |
INR 15,500 | Pay Now |
INR 29,000 | Pay Now |
INR 54,000 |
| Commodity Agri |
INR 6,000 | Pay Now |
INR 15,500 | Pay Now |
INR 29,000 | Pay Now |
INR 54,000 |
| Bullions + Agri |
INR 10,000 | Pay Now |
INR 27,000 | Pay Now |
INR 51,000 | Pay Now |
INR 90,000 |
| Weekly Bullions |
INR 9,000 | Pay Now |
INR 22,000 | Pay Now |
NA |
NA |
Important Disclaimer : -
The information and views in this newsletter & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice.
CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.Analyst or any person related to CapitalVia may or may not be holding positions in the stocks recommended. It is understood that anyone who is browsing through the newsletter has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Our Clients (Paid Or UnPaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be Taken.
Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
|
|
|
for more details
visit our website: www.capitalvia.com
|
|
|
|
