DAILY REPORT FOR
NIFTY: - Open 5963 High 6042 Low 5894 Close 5974 (+20 points)
P/E 26.14 P/B 6.27 Adv 21 Dec 29
Supp 5890/5870/5800 Res 6050/6120/6190
SENSEX: - Open 20063 High 20094 Low 19706 Close 19966 (+170 pts)
Supp 19700/19600/19400 Res 20100/20250/20500
Technology comes to the party:-
· Opening was pretty strong but we got sold off as large-caps were not able to gain further ground. But IT sector led from the front as Infosys and TCS gained the most from Nifty.
· Volumes were average - Rs 20605 Cr in spot market and F&O Vol at Rs 61359 Cr.
· Breadth was good – BSE Adv 2128 Dec 868 Unch 80 NSE Adv 879 Dec 216 Unch 45
· Foreign investors sold Rs 253 Cr in cash market and Domestic institutions bought Rs 339 Cr. FIIs sold Index Fut worth Rs 488 Cr and bought stock Fut worth Rs 75 Cr.
· Total OI 100357 Cr (+2065 Cr) PCR at 1.25
· Nifty added 2% OI. Premium 12.95 pts
· OI Added:- Adlabs 17%, Balrampur Chinni 19%, Bongairef 12%, CESC 12%, CMC 17%, EKC 10%, Gitanjali 27%, HOEC 14%, HTMTGlobal 62%, Jindal Saw 10%, KPIT 28%, Mico 14%, Mphasis 13%, NIIT 20%, Nucleus 19%, Peninsula 28%, Renuka 13%, Rolta 67%, Satyam 38%, Sterlite Opt 12%, Triveni 18%, Tulip 20%, Voltas 15%, WWIL 34%
· OI Shed:- BankNifty 10%, AdiBirlaNuvo 9%, Bhusan Steel 11%, Cipla 8%, IFCI 12%, Infosys 14%, J&K Bank 41%, Shree Cem 20%
· OI speaking Sector-wise:- Sugars +15%, Metals +4%, Media +17%, IT +6%, FMCG +5%, Auto Ancillaries -4%, NBFCs -7%, Infrastructure -3%, Fertilisers -4%,
Top Gainers: - Infosys, ICICI Bank, HDFC, VSNL, TCS
Top Losers: - Hind Petro, Hindalco, ITC, SAIL, Tata Steel
Indian ADRs: - http://tinyurl.com/33m7dx
Global Markets:-
Dow Jones Index was flat as it rose just 5 points on Friday. Nasdaq too was down just 2 points. MTNL lost more than 7% among Indian ADRs. Infosys was the top gainer there with 3% gain.
Outlook for Monday:-
· Markets to open flattish. Breakout above 20000 is awaited as Tech stocks are back in some limelight.
· Break of 19700 on the Sensex will give some intraday correction towards 19600 and 19400. For the Nifty, 5730-5760 level has to be watched in any correction.
· Capital goods stocks like L&T, BHEL look weak and can pressurize the indices.
· Polaris (124):- Buy around 121-122. The stock can target 130-132 levels in a day or two. One can keep SL at 118
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.
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