29th Feb.2012 Closing market updates 15:48
A volatile session ended flat after disappointing GDP data. Spot Nifty ended at 5383.5 with a gain of just 8 points after making an intraday high of 5458.8 and making low of 5352.25. March month's Nifty Future closed at 5435 with a premium of 51.5 points, adding 8.27% in OI.Sensex ended at 17742.71 by adding 11.59 points to its yesterday's closing.
GDP at 6.1%
Country's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. Gross domestic product rose 6.1 per cent in October to December compared with a year earlier, a lower than expected increase, figures from government data showed. That marked a sharp pullback from 6.9 per cent growth in July to September and was the seventh successive quarterly slowdown, providing a gloomy backdrop for a central bank policy meeting and federal budget, both due in just over two weeks. The median forecast of economists in a Reuters poll was for GDP to rise 6.4 per cent. The outcome of 6.1 per cent was the weakest in 11 quarters.
Among BSE Sectoral Indices, Oil&Gas gained the most by 2.16% and Capital Goods was the top loser by 1.79%.
In Nifty50 stocks, SAIL gained the most by 3.76%and ended at 103.5 followed by ONGC on its stake sale news, ended up by 3.46% at 293.2 and LT was the top loser by 3.28% to end at 1304.50.LITL was the top traded stock by the traded quantity on NSE whereas SBIN was the turnover topper by the traded value on NSE.
Advance/Decline ratio was negative as stocks declined and stocks gained today on NSE.
Major Global Indices :
Hang Seng : +111.35
Nikkei : +0.72
FTSE : +3.39
CAC : +20.96
DAX : +64.08
Dow Futures : +16.00
Nasdaq Futures : +3.75
Market gained today even after mix global indices.Hangseng ended into negative and Nikkei closed marginally up. But European markets have gained more than 1.5% at the time of closing session of Indian markets.Nifty ended at new high after 8th Nov.2011,ended at 5240.9 with a gain of 41.65 points.Sensex closed at 17314.38 with 120.83 points gain.
Among BSE Sectoral Indices, Metal index shone by 3.13% rise.Capital Goods was among the top gainers by 2.3% after Metal Index.Consumer durable index was the top loser by shedding 1.35%.
In Nifty50 stocks, Tatapower gained the most by 6.54% and ended at 110.7 whereas Coal India was the top loser by 2.95% and ended at 317.55. Arevat&d was the turnover topper by the traded quantity and the value.
Advance/Decline ratio was positive by 2.51 : 1 as 1005 stocks gained and 400 stocks declined today on NSE.
If spot Nifty crosses 5260 level on closing basis consecutively, the downtrend will come to an end.
Delivery Recommendation :
Finpipe at cmp with a stop at around 51(closing) for Trg 66.
Major Global Indices :
Hang seng : -57.12
Nikkei : +7.28
FTSE : +81.08
CAC : +54.35
DAX : +132.82
Dow Futures : +99.00
Nasdaq Futures : +13.50
As mentioned in previous blog, market ended with a correction.Nifty corrected from its recent high of 5217 to close today at 5087.3 with a drop of 126.1 points or 2.42%. Nifty will change the trend only above 5260 and 5324 with a consecutive closings. Sensex dropped by 370 points and ended at 16863.30.
All BSE Sectoral Indices closed in negative territory. Top loser was capital goods hit by 5.55% as Bhel dropped by 10.41% followed by L&T(5.37%).
In Nifty50 stocks, Bhel was the top loser by 11.33% and ended at 242.6 whereas Sunpharma was the top gainer today, up by 1.48% and ended at 536.60. Bhel was the turnover topper by the traded value and Suzlon by the traded quantity.
Advance/Decline ratio was negative as 1011 stocks declined and 381 stocks gained today on NSE.
Major Global Indices :
Hang Seng : -341.26
Nikkei : -48.17
FTSE : -39.00
CAC : -33.77
DAX : -56.70
Dow Futures : -75.00
Nasdaq Futures : -17.25
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24 Jan.2012 RBI Credit Policy affected the markets positively.
Market opened flat and zoomed after RBI Credit Policy which cut the CRR by 0.5% from previous rate 6%.
It will add more liquidity to the system and will help for housing as well as realty sector and carmakers.
Market gave cheers to the policy and zoomed.Nifty jumped up by 81.1 points to end at 5127.35 and Sensex gained 244 points and closed just below 17k mark at 16995.77.
All BSE Sectoral Indices gained today. Capital Goods' index was the top gainer by 3.3% followed by Bankex by 3.21% rise.
In Nifty50 stocks, LT was the top gainer by 5.93%, ended at 1353.Grasim was the top loser by 2.32% and ended at 2465.6.
Suzlon was the top trader by the quantity traded and SBI by the trade value.
Major Global Indices :
Hang Seng : +167.42
Nikkei : +126.68
FTSE : -3.4
CAC : -13.87
DAX : -1.83
Dow Futures : -10.00
Nasdaq Futures : +3.5
Book full profits.
Nifty has crucial resistance at around 5120 and 5165.Today Nifty has crossed the level but it should sustain for 2-3 days on closing basis to change the longer trend.
Nifty crucial support at 4870. Spot Nifty has 3 gaps in this rally from 4636 level.Small correction is due but avoid shorting.
Nifty EOD Chart
| Symbol |
Buy Abv |
Support |
Resi |
Sell Bel |
Cl on 24 Jan |
|
|
|
|
|
|
| S&P CNX
NIFTY |
4,697.00 |
|
|
|
5127 |
| BANKNIFTY |
8,203.00 |
|
|
|
9834 |
| ACC |
|
|
|
|
|
| AMBUJACEM |
|
150 |
|
|
|
| AXISBANK |
867 |
|
|
|
1032.6 |
| BAJAJ-AUTO |
|
1470 |
|
|
|
| BHARTIARTL |
|
336 |
|
|
|
| BHEL |
249 |
|
|
|
280.8 |
| BPCL |
508 |
|
|
|
556.35 |
| CAIRN |
329 |
|
|
|
351.7 |
| CIPLA |
|
310 |
|
|
|
| COALINDIA |
|
|
330 |
|
|
| DLF |
193 |
172 |
|
|
218.95 |
| DRREDDY |
1,590.00 |
1,556.00 |
|
|
1646 |
| GAIL |
|
|
407 |
|
|
| GRASIM |
|
2360 |
|
|
|
| HCLTECH |
398 |
|
415 |
|
428.45 |
| HDFC |
674 |
647 |
|
|
700.55 |
| HDFCBANK |
|
|
455 |
|
|
| HEROMOTOCO |
|
1761 |
|
|
|
| HINDALCO |
122 |
112 |
|
|
143.8 |
| HINDUNILVR |
|
|
|
402 |
393.1 |
| ICICIBANK |
|
637 |
810 |
|
|
| IDFC |
100 |
|
|
|
126 |
| INFY |
2,498.00 |
|
|
|
2620.8 |
| ITC |
|
194 |
205 |
|
|
| JINDALSTEL |
490 |
440 |
526 |
|
549.6 |
| JPASSOCIAT |
56 |
|
|
|
70.35 |
| KOTAKBANK |
|
416 |
|
|
|
| LT |
1044 |
|
|
|
1351.85 |
| M&M |
|
|
|
881 |
685.45 |
| MARUTI |
|
|
|
897 |
1157 |
| NTPC |
|
|
167 |
|
|
| ONGC |
|
|
|
255 |
274.2 |
| PNB |
814 |
|
|
|
1002.6 |
| POWERGRID |
101 |
|
|
97 |
100.55 |
| RANBAXY |
|
|
458 |
|
|
| RCOM |
|
|
77.25 |
|
|
| RELIANCE |
|
|
799 |
|
|
| RELINFRA |
356 |
|
421 |
|
479.55 |
| RPOWER |
73.5 |
68.5 |
|
|
95.45 |
| SAIL |
|
|
97.83 |
|
|
| SBIN |
1,665.00 |
|
1870 |
|
2040.8 |
| SESAGOA |
|
148 |
|
|
|
| SIEMENS |
|
627 |
|
|
|
| STER |
92 |
|
|
|
111.2 |
| SUNPHARMA |
|
|
|
|
|
| TATAMOTORS |
|
176 |
187 |
|
|
| TATAPOWER |
|
|
99 |
|
|
| TATASTEEL |
357 |
|
|
|
432.35 |
| TCS |
1205 |
|
|
|
1088.7 |
| WIPRO |
|
383 |
|
|
|
Nifty crossed 5000 mark for the first time after 8th Dec.2011.
Markets opened on higher side and maintained the gain for the whole session.Nifty closed at 5018.4 with 62.6 points gain and Sensex gained 181.95 points to end at 16633.42
Among BSE Sectoral Indices, Realty gained the most by 3.54% rise and IT was the top loser by 0.53%.
In Nifty50 stocks, Reliance Infra was top gainer with a rise of 10.46% and ended at 489.BHEL was the top loser by 2.69% to end at 265.8. Unitech was the turnover topper by the quantity traded and Reliance was by the value traded.
Major Global Indices :
Hang Seng : +256.03
Nikkei : +89.10
FTSE : +2.10
CAC : +19.46
DAX : -8.97
Dow Future : -5.00
Nasdaq Future : +0.75
Moody's upgraded India's rating to investment grade and because of this, market opened with gap up and sustained through out the session. Nifty closed at 4849.55 with a jump of 106.75 points whereas Sensex gained 350.37 points and closed above 16k mark at 16165.09.
Nifty50 Performance which we had recommended on 3rd Jan 2012.
| Symbol |
Buy Abv |
Support |
Resi |
Sell Bel |
|
Close on 10 Jan |
Up By |
| |
|
|
|
|
|
|
|
| S&P CNX
NIFTY |
4,697.00 |
|
|
|
|
4850.55 |
153.55 |
| BANKNIFTY |
8,203.00 |
|
|
|
|
8747.55 |
544.55 |
| ACC |
|
|
|
|
|
|
|
| AMBUJACEM |
|
150 |
|
|
|
|
|
| AXISBANK |
867 |
|
|
|
|
894.5 |
27.50 |
| BAJAJ-AUTO |
|
1470 |
|
|
|
|
|
| BHARTIARTL |
|
336 |
|
|
|
|
|
| BHEL |
249 |
|
|
|
|
262.9 |
13.90 |
| BPCL |
508 |
|
|
|
|
NA |
|
| CAIRN |
329 |
|
|
|
|
335.75 |
6.75 |
| CIPLA |
|
310 |
|
|
|
|
|
| COALINDIA |
|
|
330 |
|
|
|
|
| DLF |
193 |
172 |
|
|
|
NA |
|
| DRREDDY |
1,590.00 |
1,556.00 |
|
|
|
1618.1 |
28.10 |
| GAIL |
|
|
407 |
|
|
|
|
| GRASIM |
|
2360 |
|
|
|
|
|
| HCLTECH |
398 |
|
415 |
|
|
419.9 |
21.90 |
| HDFC |
674 |
647 |
|
|
|
684 |
10.00 |
| HDFCBANK |
|
|
455 |
|
|
|
|
| HEROMOTOCO |
|
1761 |
|
|
|
|
|
| HINDALCO |
122 |
112 |
|
|
|
123.15 |
1.15 |
| HINDUNILVR |
|
|
|
402 |
|
395.45 |
395.45 |
| ICICIBANK |
|
637 |
810 |
|
|
|
|
| IDFC |
100 |
|
|
|
|
102 |
2.00 |
| INFY |
2,798.00 |
|
|
|
|
2863.6 |
65.60 |
| ITC |
|
194 |
205 |
|
|
|
|
| JINDALSTEL |
490 |
440 |
526 |
|
|
499.55 |
9.55 |
| JPASSOCIAT |
56 |
|
|
|
|
NA |
|
| KOTAKBANK |
|
416 |
|
|
|
|
|
| LT |
1044 |
|
|
|
|
1133.8 |
89.80 |
| M&M |
|
|
|
881 |
|
NA |
|
| MARUTI |
|
|
|
897 |
|
NA |
|
| NTPC |
|
|
167 |
|
|
|
|
| ONGC |
|
|
|
255 |
|
NA |
|
| PNB |
814 |
|
|
|
|
859.8 |
45.80 |
| POWERGRID |
101 |
|
|
97 |
|
102.6 |
1.60 |
| RANBAXY |
|
|
458 |
|
|
|
|
| RCOM |
|
|
77.25 |
|
|
|
|
| RELIANCE |
|
|
799 |
|
|
|
|
| RELINFRA |
356 |
|
421 |
|
|
399.1 |
43.10 |
| RPOWER |
73.5 |
68.5 |
|
|
|
79.75 |
6.25 |
| SAIL |
|
|
97.83 |
|
|
|
|
| SBIN |
1,665.00 |
|
1870 |
|
|
1702.6 |
37.60 |
| SESAGOA |
|
148 |
|
|
|
|
|
| SIEMENS |
|
627 |
|
|
|
|
|
| STER |
92 |
|
|
|
|
95.85 |
3.85 |
| SUNPHARMA |
|
|
|
|
|
|
|
| TATAMOTORS |
|
176 |
187 |
|
|
|
|
| TATAPOWER |
|
|
99 |
|
|
|
|
| TATASTEEL |
357 |
|
|
|
|
371.75 |
14.75 |
| TCS |
1205 |
|
|
|
|
NA |
|
| WIPRO |
|
383 |
|
|
|
|
|
A volatile session ended flat after disappointing GDP data. Spot Nifty ended at 5383.5 with a gain of just 8 points after making an intraday high of 5458.8 and making low of 5352.25. March month's Nifty Future closed at 5435 with a premium of 51.5 points, adding 8.27% in OI.Sensex ended at 17742.71 by adding 11.59 points to its yesterday's closing.
