6 Jan 2010

6 Jan 2010

Asian Markets :


SGX Nifty : +22(5300)


Hang seng : +163(22442)


Nikkei : +44.30(10726)
Recommendations :
Note : Follow Buy recommendations in +ve bias and v.v.
Buy :
Buy Dabur 163 170
Buy Indiainfo 134 150
Buy Peninland 79 88
Buy Rcom 171 192 / 208
Buy Bankbaroda 520 560
Buy GMRInfra 67 73
Buy Sparc 82 91
Buy Albk 128 138
Buy IDFC 158 170
Conditional Buy :
Buy Corpbank 428 464 At 428-435
Buy Jindalstel 712 750 Abv 734, if sustain
Indiabulls Strong abv 135 close
Axisbank 1005 1034 Hold long as per yest call with trail sl 1005
Unionbank Watch
Buy FCH Abv 226 close
Positional :
Buy BGRenergy 486 550 Positional
Sell :
Sell HEG Sell on rise
Sell Maruti 1552 1440
Sell TCS 761 736 / 725
Sell Techm 1039
Stocks in News :
Tata Steel :December sales up 73% at 6.63 lakh tonne (YoY)
Q3 sales increase by 49% YoY
Reports of Tata Buying Fiat's Sicily units untrue
Cannot comment on Nano's future price trend
Polaris : Orbitech sells further 0.71% stake in Polaris. Orbitech is arm of Citigroup; Citigroup stake down to 30.4%
DB Corp to list today; issue price at Rs 212, for retail at Rs 210
ABG Shipyard gets around 8 million shares in Great Offshore open offer, may end up with 21.5% stake – DNA
Indian ADRs: MTNL up 10.6%, Tata Comm up 6%, Satyam up 4.8%
GMR Infra board approves vesting of hotel division of GMR Hyderabad International Airport into its wholly owned subsidiary GMR hotels and Resorts
Axis Bank launches new scheme; offers home loans at 8.25% fixed rate for first 2 years and floating rate post that
Idea Cellular MD: Indus Towers' IPO at least a year away
FII limit in Maruti reaches trigger limit; FIIs need prior RBI approval for primary/secondary purchases
RBI approves FII participation in Network18 up to 40% subject to composite limit of 49%
RIL led Maha SEZ plan put on hold for indefinite period – BS
Market cues:
FIIs net buy USD 151 million in equities on January 4
NSE F&O Open Int up Rs 6,137 crore at Rs 87,693 crore
FIIs net buy Rs 970 crore in cash mkts on January 5 (Prov)
DIIs net buy Rs 300 crore in cash mkts on January 5 (Prov)
FIIs net buy Rs 2,207 crore in F&O on January 5 (Prov)
F&O cues:
Futures Open Int up Rs 1,957 crore
Options Open Int up Rs 4,179 crore
Nifty Futures add 13.2 lk shrs in Open Int
Nifty Futures at 4-pt prem versus 8-pt prem
Nifty Open Int PCR remains at 1.21
Nifty Puts add 35 lk, Calls add 28.8 lk shrs in Open Int
Nifty 5200 Put adds 10.7 lk shrs in Open Int
Nifty 5300 Put adds 6.3 lk shrs in Open Int
Nifty 5000 Put adds 5.5 lk shrs in Open Int
Nifty 5400 Call adds 10 lk shrs in Open Int
Nifty 5500 Call adds 3 lk shrs in Open Int
Nifty 5600 Call adds 2.5 lk shrs in Open Int
Stock Futures add 3 cr shrs in Open Int
FIIs in F&O on January 5
Net buy Rs 1,970 crore in Nifty Futures
Nifty Futures Open Int up by 2,420 contracts
Net buy Rs 450 crore in Nifty Options
Nifty Options Open Int up by 38,893 contracts
Net sell Rs 253 crore in Stock futures
Stk Futures Open Int up by 19,646 contracts
Net buy Rs 41 crore in Stock Options
FIIs net bought Rs 1,970 crore in Nifty futures and Nifty futures added 10 lakh shares in Open Interest (OI). Nifty 5200 Put added 10.7 lakh shares in OI; Nifty 5400 Call added 10 lakh shares in OI and Stock futures added 3 crore shares in Open Interest.
FIIs net bought Rs 1,970 crore in Nifty futures and Nifty futures added 10 lakh shares in Open Interest (OI). The Nifty futures ended with 4-point premium.
Nifty 5200 Put added 10.7 lakh shares in OI; Nifty 5400 Call added 10 lakh shares in OI and Stock futures added 3 crore shares in Open Interest.
Huge long build-up was seen in SCI. The stock gained 7.5% and its futures Open Interest was up 67%.
Fresh long positions were seen in Tata Tea, RNRL and India Infoline. Tata Tea rose 7.8% and its futures Open Interest was up 28%. RNRL went up 5% and its futures Open Interest was up 14%. India Infoline shot up 5% and its futures Open Interest was up 34%.
NALCO surged 15% and its futures shot up 13%. Its Futures' Open Interest was up 18%.
US mkts end flat on mixed economic data
The US market closed Tuesday trade flat. The Dow ended in the red after a report showed pending-home sales fell much more sharply than expected. Also Read - How ADRs performed
Ford shares gained more than 6% after the auto maker reported sales shot up 23.3% in December. Chrysler's sales fell 10.5% in December, while General Motors' sales fell 12.8%.
The Dow Industrials slipped 11.94 points, or 0.1%, to 10,572.02. The Standard & Poor's 500 index rose 3.53 points, or 0.3%, to 1,136.52. The Nasdaq Composite Index was up 0.29 points, or less than 0.1%, to 2,308.71.
In economic data, pending-home sales tumbled 16% in November, much steeper than the 5-percent drop expected and the 3.7-percent gain logged in October. However, sales rose 15.5% year over year. But factory orders rose 1.1% in November, more than double of what was expected.
In the forex market, the dollar suffered its biggest drop against the yen in nearly a month after weak US housing data and expectations of a fed rate hike sooner than later. The euro, however, fell from a three-week high versus the dollar.
Crude is currently trading near a 14-month high after an industry report showed a decline in US crude stockpiles and as cold weather bolstered the outlook for fuel demand.
Copper fell on reduced concern about potential threats to supply from strikes in Chile. Among other LME metals zinc and nickel declined while aluminum gained.
Indian ADRs :
MTNL gained 10.6 %
Tatacomm gained 5.97 %
Satyam gained 4.79 %
Rediff gained 4.29 %
Wipro gained 2.92 %
Sterlite gained 2.22 %
ICICI Bk gained 1.42 %
Patni gained 0.72 %
HDFC Bk gained 0.43 %
Tata Motors slipped 1%
Sify sleeped nearly 1%
Disclaimer :



This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by
the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without
prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The
information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not
independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees
accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for
any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and
value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular
circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its
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