As per technical analysis, most of the stocks (including Nifty50 stocks) showing in oversold zone on stochastic.It interpret that it may bounce back anytime.We strongly recommend avoid short sell or trade with strict stops.
Note : Follow Sell recommendations in Negative market bias & v.v.
Recommendation :
Buy Apollotyre Abv 67
Buy Auropharma sl 1228 T 1248
Buy Cipla Abv 343 sl 338 T 350
Buy IDBI in dips (P)
Buy Petronet Abv 120 sl 117 T 126
Buy Rcom in dips (P)
Buy TCS Abv 1050 sl 1037 T 1073
Sell Dishtv sl 66 T 60
Sell Hindalco Bel 193
Sell Infosystch Bel 3028 sl 3056 T 2976
Sell JPAssociat sl 108 T 100
stocks in news today:
Results today: BF Utlities, Dwarikesh Sugar, Escorts, Simbhaoli Sugar
GMR enters into agreement to sell 50% in Intergen to Huaneng for USD 1.23 billion
Sale price to cover cost of acquisition & interest cost paid so far, company to pre-pay recently refinanced Intergen debt of USD 737 million
Ranbaxy - PharmAsiaNews
Ranbaxy launches Generic Aricept in US market
US market for generic Aricept seen at USD 3 billion
Greenstone has authorized generic for Aricept in US market
Ranbaxy eyes revenue opportunity of nearly USD 200 million in 6 months
Generic Aricept is a USD 3 billion drug expected to add Rs 16/per share on EPS
Lavasa Corp:
Shocked at 'stop work' notice from MOEF
Tourism project norms misinterpreted by complainant
Was exempt from EC from MoEF as per tourism project norms
IPO Corner
MOIL IPO Update:
Issue subscribed 0.76 times (x) on day 1
QIB subscribed 1.13x, retail 0.36x, HNI 0.88x
Shipping Corp FPO
Price band set at Rs 135-140/share
SCI Chairman says
SCI issue to raise around Rs 1,100 crore via FPO
Shipping Corp’s CMP Rs 145.40
Claris Life IPO
Revises price band downwards to Rs 228-235/sh
New price 18-20% lower than the earlier price band of Rs 278 to Rs 293
Claris issue extended till December 2
Subscription as of Friday; Total: 0.44x, QIB: 0.15x, NII 0.10x, Retail: 1.22x
Other stocks and sectors that are in news today:
Tata’s loan to Unitech in 2007 under scanner, investigators probe end use of money – ET
Ratan Tata may move SC against tape leaks today
Philips leads race to acquire Halonix from Actis, deal to trigger open offer – ET
Govt ask banks, FIs to submit loan details – ET
Videocon finds gas in Africa, 3rd discovery by the consortium in the region – ET
Coal India may end talks with Massey Energy for mine deal – ET
HDFC chalks out major expansion into education sector – BS
NTT resumes talks for buying Patni Promoters’ stake – BS
GVK, Lanco Infra highest bidders for Aussie coal mine – BS
Bhushan-Sumitomo deal struck on valuations – BS
Tata Motors set to pay its vendors 20% of their Singur losses upfront – FE
SKS could lose its corporate partners post controversy – FE
Aurobindo Pharma working on second deal with Pfizer – DNA
ITC Hotels, Nitesh Estate to pick up 60% in Kochi project JV – TOI
EIH directors sell 0.86% stake
Mudra Lifestyle - Board approves allotment of 1.2 crore shares i.e. 25% to E-LAND FASHION CHINA HOLDINGS at Rs 60
Bajaj Hindusthan - Bombay HC approves Scheme of Amalgamation of Bajaj Hindusthan Sugar and Industries Ltd (BHSIL) with Bajaj Hindusthan Ltd
Gammon India acquired 84.16% of Equity Capital in M/s Metropolitan Infrahousing Pvt and consequent upon the acquisition, M/s Metropolitan Infrahousing has become a subsidiary of company
Neyveli Lignite Corporation Ltd: the Cuddalore / Neyveli region has been experiencing excessive rainfall since November 25, 2010. Neyveli Mines being open cast Mine, the mining activities have been affected due to the above rainfall resulting in lower power generation in all linked Power Stations (not an unusual occurrance)
-Glodyne Technoserve: approves stock split; face value of 10 to become face value of 6
F&O cues:
Total Nifty Futures down Rs 2742 crore
Options Open Int up Rs 7658 crore
Stock Futures shed 4.7 cr shares in Open Int
Nifty OI down 10 lakh shares in Open Int
Nifty Futures at 28 pts prem versus 48-pts prem
Nifty Open Int PCR down at 1.26 from at 1.32
Nifty Puts add 51.7 lakh shares in Open Int
Nifty Calls add 64.6 lakh shares in Open Int
Nifty 5600 Put adds 13 lakh shares in Open Int
Nifty 5800 Put adds 12.2 lakh shares in Open Int
Nifty 6000 Call adds 11.5 lakh shares in Open Int
Nifty 5300 Put adds 9.5 lakh shares in Open Int
Nifty 6200 Call adds 9.3 lakh shares in Open Int
Nifty 5400 Put adds 8.8 lakh shares in Open Int
FIIs in F&O on November 26
FIIs net buy Rs 168 crore in Index Futures
FIIs net buy Rs 3272 crore in Index Options
FIIs net buy Rs 359 crore in Stock Futures
Market cues:
NSE F&O Open Int was up Rs 4,916 crore at Rs 1.18 lakh crore
$113 bn deal reached on Irish bailout
Portugal denies the need of a bailout
South Korean President
North Korea attack an inhumane crime
N Korea artillery attack different from past behaviour
Feel responsible for failing to protect lives in attack
N Korea will pay price in case of further provocations
To punish North Korea for its military provocations
Patience & tolerance has only led to more provocation
As per provisional data of November 26, FIIs were net sellers of Rs 628 crore in the cash market. FIIs were net buyers of Rs 3715 crore in the F&O market. DIIs were net buyers of Rs 959 crore in the cash market.
Last Week
FIIs net sell USD 57.5 crore in the cash market
FIIs net buy USD 1.06 billion in the F&O market
DIIs net buy Rs 2777 crore in the cash market
US Markets:
Commodity-related shares led US stocks lower on Friday in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.
Consumer stocks were also a major focus as Black Friday, often the biggest shopping day of the year, began what is expected to be the strongest holiday shopping season in three years.
While strong sales on Black Friday, when many retailers move into the black, could give a boost to stocks next week, Europe's shaky finances may temper any gains.
The US dollar rallied while the euro slid to a new two-month low amid fears that Portugal and Spain could follow Ireland in needing bailouts to shore up their economies.
The S&P materials index dropped 1.2% as key base metals prices fell, pressured by the advancing greenback and after the Shanghai Futures Exchange raised margin requirements, prompting liquidation of speculative positions.
Freeport McMoRan Copper & Gold dropped 2.6% to $98.07.
"There are concerns from euro land, and sharp selloffs in large European banks kind of set the tone for the day," said Steve Goldman, market strategist at Weeden & Co in Greenwich, Connecticut.
The S&P financial index fell 1.1%, with Bank of America down 1.2% at $11.14.
The Dow Jones industrial average dropped 95.28 points, or 0.85%, to end at 11,092. The Standard & Poor's 500 slipped 8.95 points, or 0.75%, to 1,189.40. The Nasdaq Composite lost 8.56 points, or 0.34%, to 2,534.56.
For the week, the Dow dropped 1% and the S&P 500 fell 0.86%, but the Nasdaq Composite gained 0.65%. US markets were closed on Thursday for Thanksgiving Day.
Investors were further rattled Friday after China warned against military acts near its coastline ahead of US-South Korean naval exercises. Earlier, North Korea had said those naval drills risked pushing the region toward war. The North shelled a South Korean island on Tuesday.
Retail shares were sluggish despite the upbeat sentiment over Black Friday. Discount retailers Wal-Mart Stores Inc
But Macy's Inc
"The (Black Friday) data that has been leaking seems to be better than expected, and after two years of miserable performance at the malls, there seems to be some pent-up demand," Weeden & Co's Goldman said.
Del Monte Foods Co
The US stock market closed three hours early at 1 p.m. (1800 GMT) a day after the Thanksgiving holiday.
The shortened session saw 2.82 billion shares exchange hands on the New York Stock Exchange, the American Stock Exchange and Nasdaq. The year-to-date average volume of a full session is 8.65 billion shares.
Declining stocks outnumbered advancing ones on the NYSE by a ratio of slightly more than 2 to 1, while on the Nasdaq, about seven stocks fell for every four that rose.
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