18THJAN/2010
Nifty future important levels for Monday, 18th January:
R3 5291 R2 5280 R1 5265 PP 5256 S1 5244 S2 5235 S3 5220
Nifty future weekly important levels:
R3 5427 R2 5362 R1 5309 PP 5242 S1 5188 S2 5123 S3 5070
Bank Nifty future important levels for Monday, 18th January:
R3 9035 R2 9018 R1 8914 PP 8897 S1 8794 S2 8776 S3 8672
TCS reported a 15.3% increase in net profit to Rs 1554.20 crore on a 2.4% rise in net sales to Rs 5883.39 crore in Q3 December 2009 over Q2 September 2009. The third quarter earnings surpassed market estimates as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.
Some prominent companies that will announce December 2009 ended quarter results on Monday, 18 January 2010, are, Jaiprakash Associates, GAIL (India), and Sesa Goa.
Mundra Port and Special Economic Zone will reportedly invest at least Rs 1000 crore in the first phase of development of non-LNG port facilities at Hazira in Surat district of Gujarat.
NMDC is reportedly in talks with Arcelor Mittal, the world's largest steel maker, to set up a joint venture steel plant in Karnataka.
State-run Hindustan Petroleum Corporation (HPCL) reportedly plans to set up a plant in Konkan region. The company is looking to invest Rs 20,000 crore for a greenfield project in Raigad or Ratnagiri districts of aharashtra.
Mumbai-based VVF reportedly beat Mukesh Ambani's Reliance Retail to acquire three brands from detergent and home care company Henkel India, namely Aramusk and Moloy soaps and Mahabringol hair oil. The deal is estimated at Rs 22-23 crore.
DLF has reportedly decided to exit from its mutual fund venture, DLF Pramerica Mutual Fund, by selling its entire stake to the overseas partner in the venture, the US-based Prudential Financial, as the company seeks to focus on its core business. Prudential Financial (PFI) is expected to buy DLF's 39% stake in the asset management company that is yet to start operations.
Debt-laden renewable energy firm Suzlon is reported to be in talks with a few state-owned banks and other lenders to restructure loans aggregating Rs 8650 crore, aimed at cleaning up its balance sheet.
Dalmia Cement (Bharat) is reportedly planning to raise Rs 1200 crore by equity sale to part-finance its plans to double capacity in four years.
IL&FS Investment Managers, Shriram Transport Finance, ZEE Entertainment, GTL Infrastructure, Sterlite Technologies, Ajmera Realty, Somany Ceramics, State Bank of Mysore, HT Media, and Infotech Enterprises, are among the other companies that will announce December 2009 ended quarter results on Monday.
Net profit of UltraTech Cement declined 17.76% to Rs 196.03 crore in the quarter ended December 2009 as against Rs 238.36 crore during the previous quarter ended December 2008. Sales rose 1.29% to Rs 1651.81 crore in the quarter ended December 2009 as against Rs 1630.76 crore during the previous quarter ended December 2008.
Net profit of Balaji Telefilms rose 219.30% to Rs 1.82 crore in the quarter ended December 2009 as against Rs 0.57 crore during the previous quarter ended December 2008. Sales declined 22.94% to Rs 38.97 crore in the quarter ended December 2009 as against Rs 50.57 crore during the previous quarter ended December 2008.
Camlin reported net loss of Rs 1.39 crore in the quarter ended December 2009 as against net loss of Rs 1.00 crore during the previous quarter ended December 2008. Sales rose 3.94% to Rs 62.02 crore in the quarter ended December 2009 as against Rs 59.67 crore during the previous quarter ended December 2008.
Stocks likely to fall today:
European markets declined quite sharply on Friday, and the US indices also finished with relatively large losses. Asian markets are also down quite sharply this morning, and a fairly strong global decline appears to have started. We can therefore expect stocks to fall today.
The market was mixed on Friday, with the sensitive index down 30.57 points (0.17%) at 17,554.30, the nifty down 7.70 points (0.15%) at 5,252.20, and the CNX Midcap up 30.25 points (0.39%) at 7,796.40. The largest negative contributions to the sensitive index were from Reliance Industries (25.2 points), Larsen & Toubro (11.6), ONGC (9.8) and Infosys (8.9). The biggest positive contributions were from ITC (15.5 points), Reliance Communications (8.3), ICICI Bank (8.2) and TCS (7.5).
The market's breadth was negative, with 1.08 times as many declines as advances on the BSE, and 1.15 times on the NSE. The volume in advancing issues was 62.6% (65.8%) on the BSE, and 57.4% (59.4%) on the NSE, while that in declining ones was 37.2% (33.9%) on the BSE, and 42.1% (40.1%) on the NSE.
The number of Hotline stocks at 200-day highs fell from 41 to 35, while 200-day lows were unchanged at 0. 20-day highs fell from 62 to 52, and 20-day lows fell from 7 to 6. 5-day highs fell from 85 to 64, while 5-day lows rose from 40 to 42. The 240 Hotline stocks averaged a gain of 0.40%.
The nifty opened a bit higher, then stayed in a 30-point range for a second day. The high was at 0915 and low at 1500. It closed nearer the low. The CNX Midcap rallied till its high at 1330, then fell to close around its low.
The market is currently in an intermediate uptrend that has been in existence since Dec 21. The uptrend would end if the sensitive index were to breach 17,250, the nifty 5,150, and the CNX Midcap 7,550. The figures have been rounded down to the nearest 25.
Several global indices had fallen into intermediate downtrends by the end of last week. Shanghai and Hong Kong were already in downtrends, and are now joined by many of the European indices and Brazil. The Dow would go into one if it were to fall below 10,400. A global intermediate downtrend may be developing, and this may lead to one in our market too.
The long term (i.e. major) trend remains up for all the indices in our market. A fall below 16,000 would signal a bear market for the sensitive index. The nifty equivalent is 4,800, and that for the CNX Midcap is 6,800. (Figures rounded down to the nearest 100). There was no change in the major trend of any of the Hotline stocks on Friday.
Almost all the main global markets are in major uptrends. A fall below 9,600 would signal a bear market for the Dow.
The FIIs sold $30.0 million of stocks on Thursday, and are averaging daily purchases of $196.3 million over the last five sessions. The MFs bought $42.5 million worth, and are averaging sales of $24.8 million.
Nearly half the global markets are now in intermediate downtrends. Most indices remain in major uptrends.
The Dow fell 100.90 points (0.94%) to 10,609.65, and the NASDAQ composite went down 28.75 points (1.24%) to 2,287.99
Infosys fell 1.38% to $57.94, Satyam lost 1.51% at $5.86, Wipro rose 0.45% to $22.18, Tata Motors went down 1.08% to $17.34, ICICI Bank fell 1.36% to $36.19, HDFC Bank lost 0.94% at $128.67, Dr. Reddy went down 0.52% to $26.98, MTNL gained 0.82% at $3.70, Tata Comm fell 2.23% to $15.79, Patni lost 0.94% at $22.24, Rediff went down 1.73% to $2.84, and Satyam Infoway fell 1.51% to $5.86.
DISCLAIMER
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
Nifty future important levels for Monday, 18th January:
R3 5291 R2 5280 R1 5265 PP 5256 S1 5244 S2 5235 S3 5220
Nifty future weekly important levels:
R3 5427 R2 5362 R1 5309 PP 5242 S1 5188 S2 5123 S3 5070
Bank Nifty future important levels for Monday, 18th January:
R3 9035 R2 9018 R1 8914 PP 8897 S1 8794 S2 8776 S3 8672
TCS reported a 15.3% increase in net profit to Rs 1554.20 crore on a 2.4% rise in net sales to Rs 5883.39 crore in Q3 December 2009 over Q2 September 2009. The third quarter earnings surpassed market estimates as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.
Some prominent companies that will announce December 2009 ended quarter results on Monday, 18 January 2010, are, Jaiprakash Associates, GAIL (India), and Sesa Goa.
Mundra Port and Special Economic Zone will reportedly invest at least Rs 1000 crore in the first phase of development of non-LNG port facilities at Hazira in Surat district of Gujarat.
NMDC is reportedly in talks with Arcelor Mittal, the world's largest steel maker, to set up a joint venture steel plant in Karnataka.
State-run Hindustan Petroleum Corporation (HPCL) reportedly plans to set up a plant in Konkan region. The company is looking to invest Rs 20,000 crore for a greenfield project in Raigad or Ratnagiri districts of aharashtra.
Mumbai-based VVF reportedly beat Mukesh Ambani's Reliance Retail to acquire three brands from detergent and home care company Henkel India, namely Aramusk and Moloy soaps and Mahabringol hair oil. The deal is estimated at Rs 22-23 crore.
DLF has reportedly decided to exit from its mutual fund venture, DLF Pramerica Mutual Fund, by selling its entire stake to the overseas partner in the venture, the US-based Prudential Financial, as the company seeks to focus on its core business. Prudential Financial (PFI) is expected to buy DLF's 39% stake in the asset management company that is yet to start operations.
Debt-laden renewable energy firm Suzlon is reported to be in talks with a few state-owned banks and other lenders to restructure loans aggregating Rs 8650 crore, aimed at cleaning up its balance sheet.
Dalmia Cement (Bharat) is reportedly planning to raise Rs 1200 crore by equity sale to part-finance its plans to double capacity in four years.
IL&FS Investment Managers, Shriram Transport Finance, ZEE Entertainment, GTL Infrastructure, Sterlite Technologies, Ajmera Realty, Somany Ceramics, State Bank of Mysore, HT Media, and Infotech Enterprises, are among the other companies that will announce December 2009 ended quarter results on Monday.
Net profit of UltraTech Cement declined 17.76% to Rs 196.03 crore in the quarter ended December 2009 as against Rs 238.36 crore during the previous quarter ended December 2008. Sales rose 1.29% to Rs 1651.81 crore in the quarter ended December 2009 as against Rs 1630.76 crore during the previous quarter ended December 2008.
Net profit of Balaji Telefilms rose 219.30% to Rs 1.82 crore in the quarter ended December 2009 as against Rs 0.57 crore during the previous quarter ended December 2008. Sales declined 22.94% to Rs 38.97 crore in the quarter ended December 2009 as against Rs 50.57 crore during the previous quarter ended December 2008.
Camlin reported net loss of Rs 1.39 crore in the quarter ended December 2009 as against net loss of Rs 1.00 crore during the previous quarter ended December 2008. Sales rose 3.94% to Rs 62.02 crore in the quarter ended December 2009 as against Rs 59.67 crore during the previous quarter ended December 2008.
Stocks likely to fall today:
European markets declined quite sharply on Friday, and the US indices also finished with relatively large losses. Asian markets are also down quite sharply this morning, and a fairly strong global decline appears to have started. We can therefore expect stocks to fall today.
The market was mixed on Friday, with the sensitive index down 30.57 points (0.17%) at 17,554.30, the nifty down 7.70 points (0.15%) at 5,252.20, and the CNX Midcap up 30.25 points (0.39%) at 7,796.40. The largest negative contributions to the sensitive index were from Reliance Industries (25.2 points), Larsen & Toubro (11.6), ONGC (9.8) and Infosys (8.9). The biggest positive contributions were from ITC (15.5 points), Reliance Communications (8.3), ICICI Bank (8.2) and TCS (7.5).
The market's breadth was negative, with 1.08 times as many declines as advances on the BSE, and 1.15 times on the NSE. The volume in advancing issues was 62.6% (65.8%) on the BSE, and 57.4% (59.4%) on the NSE, while that in declining ones was 37.2% (33.9%) on the BSE, and 42.1% (40.1%) on the NSE.
The number of Hotline stocks at 200-day highs fell from 41 to 35, while 200-day lows were unchanged at 0. 20-day highs fell from 62 to 52, and 20-day lows fell from 7 to 6. 5-day highs fell from 85 to 64, while 5-day lows rose from 40 to 42. The 240 Hotline stocks averaged a gain of 0.40%.
The nifty opened a bit higher, then stayed in a 30-point range for a second day. The high was at 0915 and low at 1500. It closed nearer the low. The CNX Midcap rallied till its high at 1330, then fell to close around its low.
The market is currently in an intermediate uptrend that has been in existence since Dec 21. The uptrend would end if the sensitive index were to breach 17,250, the nifty 5,150, and the CNX Midcap 7,550. The figures have been rounded down to the nearest 25.
Several global indices had fallen into intermediate downtrends by the end of last week. Shanghai and Hong Kong were already in downtrends, and are now joined by many of the European indices and Brazil. The Dow would go into one if it were to fall below 10,400. A global intermediate downtrend may be developing, and this may lead to one in our market too.
The long term (i.e. major) trend remains up for all the indices in our market. A fall below 16,000 would signal a bear market for the sensitive index. The nifty equivalent is 4,800, and that for the CNX Midcap is 6,800. (Figures rounded down to the nearest 100). There was no change in the major trend of any of the Hotline stocks on Friday.
Almost all the main global markets are in major uptrends. A fall below 9,600 would signal a bear market for the Dow.
The FIIs sold $30.0 million of stocks on Thursday, and are averaging daily purchases of $196.3 million over the last five sessions. The MFs bought $42.5 million worth, and are averaging sales of $24.8 million.
Nearly half the global markets are now in intermediate downtrends. Most indices remain in major uptrends.
The Dow fell 100.90 points (0.94%) to 10,609.65, and the NASDAQ composite went down 28.75 points (1.24%) to 2,287.99
Infosys fell 1.38% to $57.94, Satyam lost 1.51% at $5.86, Wipro rose 0.45% to $22.18, Tata Motors went down 1.08% to $17.34, ICICI Bank fell 1.36% to $36.19, HDFC Bank lost 0.94% at $128.67, Dr. Reddy went down 0.52% to $26.98, MTNL gained 0.82% at $3.70, Tata Comm fell 2.23% to $15.79, Patni lost 0.94% at $22.24, Rediff went down 1.73% to $2.84, and Satyam Infoway fell 1.51% to $5.86.
DISCLAIMER
These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
