Daily Report 31-01-2013

Markets opened on a positive note traded  in a narrow band 

throughout the day to close marginally in green.  On the  sectoral 

front Realty, Consumer Durable and Oil & Gas ended on the gainers 

side whereas Capital Goods and Power ended on the losing side. The

advance decline ratio was in favour of declining counters (Advances

= 969/ Declines=1219).

Pattern Formation:  On the Daily chart, we are observing three 

consecutive narrow range body formations. This suggests that 

markets are cautious at current level.

Future Outlook: Broadly, on the daily chart we are witnessing a 

sideways movement which gives no clear direction of the trend. 

Since the coming trading session is coupled with F&O derivative 

expiry we are likely to witness volatility.  We reiterate our view that 

in coming trading session if indices trade below 6030 levels then it is 

likely to test 6000 – 5980 – 5950 levels. On the upside 6100 – 6120 

may act as resistance for the day.

We maintain our  earlier stance that,  6120 remains strong
resistance for the market and as long as nifty does not trade above
6120 level, one should trade with negative bias in this market.

Data Alert From Overseas  -
* French Consumer Spending m/m at 1:15 pm.
* US Unemployment Claims at 7:00 pm.


Domestic Stock Specific News  –
* India Dec first-yr life insurance premium 86 bln rupees, dn 10% on yr
* Godrej Prop MD says prices hiked in Oct-Dec for better profit margin
* Trial court's cognisance order on extra spectrum chargesheet on Feb 11
* Vodafone asks DoT to revise auction norms for 900 MHz, 1,800 MHz
* Sun Pharma gets US nod for generic desmopressin acetate injection
* Suzlon gets 50.4 MW order from Orange Renewable Power
* L&T gets order $100-mln-order from PETRONAS Carigali
* Govt appoints BK Srivastava as executive director of Corporation Bk
* Arvind Oct-Dec consol net profit 753.7 mln rupees vs 2.43 bln
* Chambal Fertilisers Oct-Dec PAT 960.7 mln rupee vs 12.4 mln loss
* Central Bank of India Oct-Dec net profit 1.8 bln rupee vs 1.1 bln


International News  -
* Spain Gross domestic product fell 0.7 percent in the three months through December from the previous quarter, when it declined 0.3 percent,

Securities in Ban For Trade Date 31-01-2013
Renuka, Punjlloyd, Hdil, IRB, Suzlon, IFCI , Welcorp, Rcom

Today’s Result – 

Rairekmoh , ICICIBANK ,  Eihahotels ,  Ratnamani , Infratel ,  Elnet ,  Redington , Mhril ,  Eon ,  Renuka , Tidewater , Excelindus, Saitele , SATYAMCOMP ,  Grandfonry ,  Saloraintl , Alembicltd ,  Grasim ,  Siemens, Gtlinfra ,  Hotelrugby ,  Siticable , Jensonicol ,  Ipringltd ,  Sobha , Kalindee ,  Jagran ,  Spmlinfra , Oudhsug ,  Kndengtech ,  Sutlejtex , Spic ,  LUPIN ,  Tataglobal , Cumminsind ,  Mahapexltd ,  Tcpltd , Godrejcp ,  Mahindforg ,  Thangamayl , Tubeinvest ,  Manalipetc ,  Thermax , Ajmera ,  Mrpl ,  Til , Cebbco ,  Murudcera ,  Trent , HSIL ,  Nbventures ,  Unionbank , Petronengg ,  Nepcagro ,  Zodjrdmkj , ALBK ,  Nepcmicon ,  Zuari , Alkylamine ,  Nepctex ,  PNB , Aravaliind ,  NFL ,  Premierpol , Ashimasyn ,  Nilkamal ,  PSB , Ausoment ,  Oudhsug ,  BBL , Bluestinfo ,  Blblimited

EX- Dividend  + Board Meeting -

EX- Dividend  – Aptech, Automotive Axle, Bajaj Hind, Indiabulls Sec, Persistent Sys, Rane Brake, Rane Madras, Zensar Tech.

Board Meeting (Purpose) – Associated Marm (General ).