Nifty Future Outlook: Looking at the current price action it is evident that 5940 which is the value of the upward sloping trendline joining the two significant lows of 4770 and 5032 is immediate support for the
market. Any breach of this trendline would mean further weakness.
In such scenario indices may test 5900 – 5850 levels in couple of days. On the flip side, a bounce up to 6000 – 6050 cannot be ruled out as hourly are in an oversold zone.
Broadly, one should adopt a cautious approach as higher level selling is likely to emerge.
Data Alert From Overseas -
* German Factory Orders m/m at 4.30pm.
* U.S Crude Oil Inventories at 9.00pm
Domestic Stock Specific News –
* Idea hikes pre-paid local voice, 2G data base tariffs in Mumbai Chidambaram says facing extremely challenging times in tax mop-up
* India's services PMI rises to one-year high of 57.5 in January
* UCO Bk Oct-Dec net profit plunges 69.2% on yr on high provisioning
*Indo Tech Transformers delisting fails on poor investor response
* BHEL gets 28.54-bln-rupee order for boilers from NTPC JV
* Essar Steel hiked product prices by 1,000 rupees/tn Friday
* Rashtriya Ispat Nigam source says pdt prices hiked by 500 rupee/tn
* Jindal Steel hikes prices of plates, rebars by avg 1,000 rupees/tn
* Grounded Kingfisher Air posts 7.55-bln-rupee net loss for Oct-Dec
* Rolta India UK arm gets 2 contracts worth around $11 mln
* Sun Pharma arm gets US FDA nod for generic cancer drug
* HSBC Global Invest Fund ups stake in Tech Mahindra to 5.0% vs 4.9%
International News -
*Volume of retail trade down by 0.8% in euro area.
Macro Economic Calendar
Indian IIP @ Data 12thFeb 2013
The FII’s total buying on 05-02-2013 is Rs 489.27 cr while DII total selling Rs 938.92 cr
Today’s Result –
Aarti Drugs , Aarti Inds, Accel Front, ACCELYA, ADCINDIA, Alphageo India, Amrit Banaspati, Apollo Tyres, Astrazeneca Phar, Automotive Axle, Bajaj Elect, Bhagwati Oxy, Bhartiya Intl, Binny , BN Rathi, BNR Udyog, BSL, Capital First, CDR INDUSTRI, CIL Nova Petro, Cipla, Control Print, Crest Animation, Cyber Media, Daiichi Kark, Dalmia Bharat, Deccan Cements, Dunlop India, Duropack, Ekam Leasing, Emami Infrastructure, Escorts Fin, Foods & Inns, Gateway Distr, Godrej Inds, Gujarat Hotels, HB Est Developer, HB Stock, Hexa Tradex, Hikal, Hindustan Compo, Honeywell Auto, Howard Hotels, India Glycols, India, Nippon, Int Trvl House, IRB Infra, IVP, Jindal Saw, JJ Exporters, JK Lakshmi Cem, Kaira Can, Kesar Enter, Laser Dot, Logix Micro, Ludlow Jute, Machino Plast, Manappuram Finance, Mirza Intl, Modison Metals, MOIL, Mukta Arts, Nandan Exim, Next Mediaworks, Olympic Mgmt, OPTIEMUS, Paper Products, Premier, Procter & Gamble, PTL Enterprises, Radhe Dev, Rajshree Sug, Rane
Holdings, Renaissance Jew, RPG Life, SAAG RR Infra, Satyam Silk, Schablona India, Schrader Duncan, Skyline Millars, Solar Inds, Speciality Rest, Stanrose Mafat, Sundaram Brake, Sunil Agro, T D Power Systems, TBZ, Tech Mahindra, Trade Wings, TT, United Brew, VCCL, Wadala Comm, Welspun India, Zandurealty
EX- Dividend + Board Meeting -
EX- Dividend – Edelweiss Financial, Gravita India, Signet Ind, TVS Motor.
Board Meeting (Purpose) – Kesar Enter (General ).
market. Any breach of this trendline would mean further weakness.
In such scenario indices may test 5900 – 5850 levels in couple of days. On the flip side, a bounce up to 6000 – 6050 cannot be ruled out as hourly are in an oversold zone.
Broadly, one should adopt a cautious approach as higher level selling is likely to emerge.
Data Alert From Overseas -
* German Factory Orders m/m at 4.30pm.
* U.S Crude Oil Inventories at 9.00pm
Domestic Stock Specific News –
* Idea hikes pre-paid local voice, 2G data base tariffs in Mumbai Chidambaram says facing extremely challenging times in tax mop-up
* India's services PMI rises to one-year high of 57.5 in January
* UCO Bk Oct-Dec net profit plunges 69.2% on yr on high provisioning
*Indo Tech Transformers delisting fails on poor investor response
* BHEL gets 28.54-bln-rupee order for boilers from NTPC JV
* Essar Steel hiked product prices by 1,000 rupees/tn Friday
* Rashtriya Ispat Nigam source says pdt prices hiked by 500 rupee/tn
* Jindal Steel hikes prices of plates, rebars by avg 1,000 rupees/tn
* Grounded Kingfisher Air posts 7.55-bln-rupee net loss for Oct-Dec
* Rolta India UK arm gets 2 contracts worth around $11 mln
* Sun Pharma arm gets US FDA nod for generic cancer drug
* HSBC Global Invest Fund ups stake in Tech Mahindra to 5.0% vs 4.9%
International News -
*Volume of retail trade down by 0.8% in euro area.
Macro Economic Calendar
Indian IIP @ Data 12thFeb 2013
The FII’s total buying on 05-02-2013 is Rs 489.27 cr while DII total selling Rs 938.92 cr
* Open Interest of derivative segment increased to Rs 80952.32 Cr vs Rs 78275.59 Cr.
* FIIs net sellers in index future to the amount of Rs 663.02 Cr and in index options net buyers to the amount of Rs
1278.76 Cr.
* Put-Call Ratio at 0.90 vs 0.82. (Bearish).
Securities in Ban For Trade Date 06-02-2013
Welcorp, PunjlloydToday’s Result –
Aarti Drugs , Aarti Inds, Accel Front, ACCELYA, ADCINDIA, Alphageo India, Amrit Banaspati, Apollo Tyres, Astrazeneca Phar, Automotive Axle, Bajaj Elect, Bhagwati Oxy, Bhartiya Intl, Binny , BN Rathi, BNR Udyog, BSL, Capital First, CDR INDUSTRI, CIL Nova Petro, Cipla, Control Print, Crest Animation, Cyber Media, Daiichi Kark, Dalmia Bharat, Deccan Cements, Dunlop India, Duropack, Ekam Leasing, Emami Infrastructure, Escorts Fin, Foods & Inns, Gateway Distr, Godrej Inds, Gujarat Hotels, HB Est Developer, HB Stock, Hexa Tradex, Hikal, Hindustan Compo, Honeywell Auto, Howard Hotels, India Glycols, India, Nippon, Int Trvl House, IRB Infra, IVP, Jindal Saw, JJ Exporters, JK Lakshmi Cem, Kaira Can, Kesar Enter, Laser Dot, Logix Micro, Ludlow Jute, Machino Plast, Manappuram Finance, Mirza Intl, Modison Metals, MOIL, Mukta Arts, Nandan Exim, Next Mediaworks, Olympic Mgmt, OPTIEMUS, Paper Products, Premier, Procter & Gamble, PTL Enterprises, Radhe Dev, Rajshree Sug, Rane
Holdings, Renaissance Jew, RPG Life, SAAG RR Infra, Satyam Silk, Schablona India, Schrader Duncan, Skyline Millars, Solar Inds, Speciality Rest, Stanrose Mafat, Sundaram Brake, Sunil Agro, T D Power Systems, TBZ, Tech Mahindra, Trade Wings, TT, United Brew, VCCL, Wadala Comm, Welspun India, Zandurealty
EX- Dividend + Board Meeting -
EX- Dividend – Edelweiss Financial, Gravita India, Signet Ind, TVS Motor.
Board Meeting (Purpose) – Kesar Enter (General ).
