Future Outlook: We maintain our previous day view that 5970 is the immediate resistance for indices. In coming trading session if indices manage to trade above this levels then it may test 6000 –6010 levels. However if nifty fails to cross 5970 level then we may witness a fall towards 5900 – 5850 levels.
Traders are advised to trade with negative bias with a stop loss of 6030 level.
Data Alert From Overseas -
* German Flash Manufacturing PMI at 2:00 pm.
* US Unemployment Claims at 7:00 pm.
* US Crude Oil Inventories at 9:30 pm.
Domestic Stock Specific News –
* PM says hopeful, confident that Budget Session will be fruitful
* Minister says preparing Cabinet note on civil aviation authority
* India Apr-Dec FDI equity inflows $16.95 bln, down 42.1% on year
* ONGC head says plan feasibility study for LNG terminal at Mangalore
* RIL CFO says cost of doing business in India gone up, returns down
* Trade minister hopes exports in Feb, Mar will be strongly positive
* Minister Nath says govt ready for any type of probe in chopper deal
* Supreme Court begins final hearing in endosulfan ban case
* Everonn, Centum mutually agree to not extend acquisition pact
* Elecon Engineering gets orders worth 1.97 bln rupees
* Vodafone moves Delhi HC against DoT's auction of 900 MHz spectrum
* Govt source says EGoM may OK 2G auction notice inviting bids on Mon
International News -
* In January 2013 the index of producer prices for industrial products rose by 1.7% from the corresponding month of the preceding year.
Securities in Ban For Trade Date 21-02-2013
Punjlloyd, Suzlon, IRB, Renuka, Hdil.
TODAY’S RESULT –
Abbott India, Krishna Ferro, Nestle India, Rain Commodities, Shree Digvijay.
EX- Dividend - Advani Hotels, Amrutanjan Health, Eros Intl Media, Precision Wires, Sterling Tools, Zodiac Cloth.
Board Meeting (Purpose) – Abbott India (Final Dividend).
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