[Investors Please Listen] Market Plotter 27-Mar-09-EDEL

"Market Plotter"

 

Market in a nutshell

 

§         Markets witnessed a highly volatile session amid alternate bouts of buying and selling throughout the session. The domestic bourses ended the day with small gains with Nifty closing at 3,109 (up 27 points) while Sensex ended the day at 10,048 (up 45 points)

§         Nifty April Futures were trading in a range of 5-8 points premium for the major part of the session but expanded to 15-20 points premium towards the end of the session.

§         The BSE Metal index closed with increase of 4.85% at 6,110 with JSW Steel galloping 13.5% to INR 231 after the company said it repurchased foreign currency convertible bonds aggregating USD 47.80 million while BSE Pharma index ended up by 2.81% at 2,748 with Matrix Labs rising 20% to INR 141 after parent Mylan Inc said it plans to acquire the remaining 29% stake in the Indian unit and delist it from the stock exchanges.

§         Market breadth was positive with an Advance: Decline ratio of 2.3:1. Aban Offshore rose 14.6% to INR 421 while RNRL advanced 11.8% to INR 49.

§         Cash volumes were at INR 171,775 mn (NSE+BSE) as against a 5 DMA of INR 159,862 mn. F&O volumes were at INR 511,713 mn as against a 5 DMA of INR 673,262 mn.       

 

Eye Catchers

 

§         PFC climbed 4% to INR 138 with volumes of 1,399,391 (up 400%)

 

Market News

  

§         The rupee was trading at INR 50.60 against the dollar.

§         Nymex crude rose to trade at USD 53.56/bbl. Base metals were trading on a positive note.

§         Core infra sector expanded by 2.2% in February.

§         Sadbhav Engg to raise INR 1250 mn via rights issue.

 

Indices performance 

 

	CURRENT	PREV.	%CHANGE
S&P CNX NIFTY	3,108.65	3,082.25	0.86%
CNX NIFTY JUNIOR	4,390.55	4,279.85	2.59%
CNX IT	2,387.75	2,387.45	0.01%
BANK NIFTY	4,406.80	4,285.15	2.84%
CNX 100	2,909.65	2,878.65	1.08%
S&P CNX DEFTY	2,128.30	2,110.45	0.85%
S&P CNX 500	2,343.70	2,314.20	1.27%
CNX MIDCAP	3,385.00	3,312.95	2.17%
NIFTY MIDCAP 50	1,175.25	1,140.25	3.07%
Top Gainers
Symbol	Open	High	Low	Last Price	Prev. Close	% Change
TATASTEEL	206.35	227.30	206.00	223.20	205.45	8.64
RCOM	170.05	187.90	166.65	183.75	169.90	8.15
TATAMOTORS	175.00	193.00	171.30	188.90	175.90	7.39
SAIL	97.90	103.65	95.50	102.80	96.15	6.92
PNB	406.55	449.85	406.55	438.85	414.35	5.91
Top Losers
Symbol	Open	High	Low	Last Price	Prev. Close	% Change
HDFC	1,660.00	1,670.00	1,573.00	1,585.40	1,656.45	(4.29)
INFOSYSTCH	1,375.00	1,386.00	1,330.05	1,344.90	1,379.15	(2.48)
POWERGRID	97.50	97.50	93.70	94.55	96.25	(1.77)
UNITECH	36.00	36.90	34.65	35.90	36.50	(1.64)
RELIANCE	1,554.00	1,583.40	1,535.00	1,548.75	1,565.50	(1.07)

 

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Technical Levels for 30-March-09

By Shriram Insight Share Brokers Ltd

NTPC | WAIT and WATCH, a GOOD stock.

NTPC Information As on 05-MAR-2009 Open 180.00 High 181.20 Low 171.00 Last Price 172.80 Prev. Close 179.85 Change -7.05 % Change -3.92 Average Price 174.59 Total traded quantity 7935026 Turnover in Rs.Lakhs 13853.76     Moving Average Crossover Chart Pattern NTPC chart shows 30 DMA going below 50 DMA Price may go below further, RSI also not suggestive. Current support 170. It is one of those stock which stood strong against this bear run. It will feel pressure. But will not touch its 52week low of 113, but may touch the level below 150.   WAIT and WATCH, a GOOD stock.         Thanks & Regards   Aditya Kachru   INVESTORS PLEASE LISTEN ! Read : 1.Is it worth covering your life? 2.Lesson from 2008

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ICICI BANK LTD - Wait (May Break 52 week low)

ICICI BANK LIMITED TECHNICAL ANALYSIS REPORT - Get more Free Tax Forms

Last Close : Rs.336
52 Week High : Rs. 1243
52Week Low : Rs. 283

Recommendation Short Term : Wait (May Break 52 week low)

Medium & Long Term : Accumulate


Technical Analysis Report by
Aditya Kachru | Consultant - Investments

Sensex likely to test 10,000-mark

Last week, the markets displayed strength despite negative news on the domestic and global fronts. The Sensex moved in a tight range of 649 points. From a low of 9,096, the index faced resistance around 9,746. The Sensex finally ended the week at the higher end of the trading band at 9,690, a smart gain of 725 points.

The market rally was led mostly by beaten-down realty and metal sectors, while Reliance Industries too played a crucial role in the upmove. Among index stocks, DLF zoomed 36 per cent last week. Jaiprakash Associates, Reliance Communications, Reliance Infrastructure, Sterlite and Tata Steel soared 19-27 per cent each. Reliance Industries, Mahindra & Mahindra, ACC, ICICI Bank, Grasim and HDFC rallied 14-17 per cent each. However, technology stocks did not participate in the upmove. TCS declined nearly 8 per cent, while Infosys and Satyam too ended in the red.

The Sensex is now close to its first major resistance level for the month at around 10,100, above which the index could rally up to 10,730. The given strength in the market indicates that the index is likely to test the five-digit mark in the very near term.

On the downside, the 9,290-level is an important support and 9,100 in case of a bigger fall. A break-out at 9,100 will indicate an end to the current upmove.

The NSE Nifty, as expected, moved in a narrower band of 231 points from a high of 2,945 to a low of 2,715. The index ended with a gain of 207 points at 2,921.

The Nifty is on the verge of an upside break-out and a couple of closes above 2,948 could see the index gather further strength. The bollinger bands are at 2,546-2,948. On the downside, the 2,745-level will be a strong support and a base for the current upmove.

However, one needs to be cautious as some of the technical indicators are moving into over-bought zones, like the Stochastic slow. Besides, the nine-day RSI (Relative Strength Index) has moved above 60 per cent, a level last seen at the start of September.

Sensex likely to test 10,000-mark

Last week, the markets displayed strength despite negative news on the domestic and global fronts. The Sensex moved in a tight range of 649 points. From a low of 9,096, the index faced resistance around 9,746. The Sensex finally ended the week at the higher end of the trading band at 9,690, a smart gain of 725 points.

The market rally was led mostly by beaten-down realty and metal sectors, while Reliance Industries too played a crucial role in the upmove. Among index stocks, DLF zoomed 36 per cent last week. Jaiprakash Associates, Reliance Communications, Reliance Infrastructure, Sterlite and Tata Steel soared 19-27 per cent each. Reliance Industries, Mahindra & Mahindra, ACC, ICICI Bank, Grasim and HDFC rallied 14-17 per cent each. However, technology stocks did not participate in the upmove. TCS declined nearly 8 per cent, while Infosys and Satyam too ended in the red.

The Sensex is now close to its first major resistance level for the month at around 10,100, above which the index could rally up to 10,730. The given strength in the market indicates that the index is likely to test the five-digit mark in the very near term.

On the downside, the 9,290-level is an important support and 9,100 in case of a bigger fall. A break-out at 9,100 will indicate an end to the current upmove.

The NSE Nifty, as expected, moved in a narrower band of 231 points from a high of 2,945 to a low of 2,715. The index ended with a gain of 207 points at 2,921.

The Nifty is on the verge of an upside break-out and a couple of closes above 2,948 could see the index gather further strength. The bollinger bands are at 2,546-2,948. On the downside, the 2,745-level will be a strong support and a base for the current upmove.

However, one needs to be cautious as some of the technical indicators are moving into over-bought zones, like the Stochastic slow. Besides, the nine-day RSI (Relative Strength Index) has moved above 60 per cent, a level last seen at the start of September.