BSE Sensex: (10581) we were expecting a test on the previous low of 10240 and market reached that level and made a new low of 10018. The market came of its low in the late trading session due to the psychological 10000 mark but gave up its gain in the last hour. Now if 10000 goes than 9700 is a strong support to deal with.
The support for the Sensex is 10000-9700 and the resistance to the up move is at 11410.
NSE Nifty: (3269) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3378-3411
Volumes suggest that market creates temporary bottom and comes into consolidation phase n again it will make new lows cyclically so just wait n watch.
The following companies are going to declare their results tomorrow.
Company
ADOR FONTECH
ASIA IND NET
AUTOMO COR G
BANARA BEADS
BRESCON CORP
CANFIN HOME
CAPRIHAN IND
CHASE BRIGHT
COMP DISC IN
CYBERMAT INF
ECLERX
EIMCO ELEC I
ELANTAS
ELECON ENG C
EMMESSA BIOT
FAG BEARING
GOA CARBON L
H.S.INDIA
HIND.FLUROCA
HOUSING DEVE
I BRIGHT ST
IND INFOLINE
INDIACO VEN
INE ABS L
JK PAPER
KELTECH ENRG
MADRAS ALUMN
MIDPOINT SOF
MYSORE CEM
NOVARTIS IND
NU-TECH CORP
ORIEN.HOTEL.
PANACEA BIOT
PONNI ERODE
PULSAR INTER
RANE BRAKE
RATNAMA META
ROHIT PULP P
SATYAM COMP
SHUKR BULL
SHUKRA JEW
ST BK TRAVAN
SUPREME PET
TAM.JAI.MILL
TATA COFFEE
TATA ELXSI
TOTAL EXPORT
TRITON VALVE
VST INDUSTRI
WELCAST
ZENOTECH LAB
ZENSAR TECH
NSE Nifty: (3338) the support for the Nifty is at 3198-3000 and the resistance to the up move is at 3491.
ASIAN STR CO
CAMLIN FINE
CHETTINAD CM
DAIRYFIELD
DOVER SECURt
ETC NETWORK
FINOLEX CABL
FOSECO INDA
GTL LIMITED
HDFC BANK LT
HIND.FOODS
IND INV TRUS
INDAG RUBBER
INDO ASI FIN
INDO GREEN P
INDUS IND BK
INUSVISTA
JHAV FLEXO
JIK INDUSTR
MAFAT FIN CO
MPHASIS LTD
NIIT TECHNO
OIL COUNTR T
PENLAND LTD
PIRAM LIFE
RALLI INDIA
SASKEN COMM
SCHRADER DUN
SPAN DIAGNOS
SR RAYAL ALK
SRINIVA HATC
UNITECH INTE
VMF SOFT TEC
It was a dreadful session for the markets. It seemed that markets fizzled out two days pullback rally due to bad global cues, wherein financial stability is still big concern for global banks. Asian and European markets have witnessed huge selling pressure. The Sensex has closed below 10,900 and the Nifty tanked below 3350.
Flows are negative at FII desk. A leading foreign fund has turned negative on the metal sector. L&T has failed to impress dalaal street by its second quarter numbers; entire capital goods space is under pressure post results. Midcap and small cap stocks are still vulnerable to margin call pressure. At the end of the day :
Sensex:10809.12 ( -674.28 Points down )
Nifty: 3338.40 ( -180.25 Points down)
As we assumed in morning that market would surely react to the numbers presented as results of the companies, we might be at the safer side.
Larsen and Toubro crashed 11% on the back of dissappointing second quarter numbers. The company's Q2 topline is in line while bottomline is below street expectations. Net sales stood at Rs 7682.20 crore and net profit at Rs 460.26 crore while market estimated numbers were Rs 7,314 crore and Rs 494 crore, respectively. Margins also declined to 8.8% from 10.7% YoY. There was about 25% cut which let the Indian market go down.
AMALGAMATED
ARMAN LEA FI
ASTRAL POLY
B NANJI ENTR
BHARAT SEATS
CIRCUIT SYS
CMC LTD
CONTAIN CORP
ELECTROSTEL
FACT ENTERP
HCL TECHNO
I.C.S.A. IND
JAYANT AG OG
KAVERI TELE
KFA
L.G.BALABROS
LARSEN & TOU
LGB FORGE
NAKODA TEXT
NCL RESEARCH
R T EXPORTS
RICHA IND
SANWAR AG OI
TTK PRESTIG
U G HOTELS R
UNI OFF AUTO
The support for the Nifty is at 3468 and the resistance to the up move is at 3620-3702-3751
As we assumed in morning, markets ended higher on account of buying in technology, pharma, realty, capital goods, few banking and telecom stocks. Midcap and small cap stocks too were on buyers' radar. Strong global cues were supportive to the markets. However, metal, few oil and power stocks were under pressure.
Benchmark indices had started on a strong note; the Sensex and Nifty had jumped over 500 points and 150 points respectively in early trade due to sharp rally in global markets. However, they lost more than half of their gains in the second half of the session on account of profit booking at higher levels and sell off was seen in metal stocks, but they didn't slip into the red and remained in the positive terrain throughout the day. Market ends with:
Sensex: 11483.40 ( +174.31 Points up)
Nifty : 3518.65 ( +27.95 Points up )
Market is sure to see downfall again, so guys i would suggest you to sell your shares with profit in this upward rally or invest for long period for atleast 1 year to gain a good amount of money. Remember guys, Our main aim is to book profits.
BSE Sensex: (11309) our upward bias turned out to be a strong up move, capable of further upside from here. The support for the Sensex is 11000 and the resistance to the up move is at 11761-12230
Nifty : (3490) the support for the Nifty is at 3300 and the resistance to the up move is at 3620-3702-3751
Sensex would go up for short time, So guys you can encash your shares which you bought few days earlier (when i suggested you to buy shares).
Nifty : 3490.70 ( +210.75 Points up)
As we discussed in the morning today indian market would see some relaxation and also will show some uptime. After Market started it bounced exceptionally as european market raise 5%. And by 10:30 A.M. market got fire by finance minister statement. Market Frontrunner was ICICI bank. The market is assumed to see highs today. And today sensex may reach +800 Points at some point of time.
Today There would be some relaxation in Indian Market. Both uptime and downtime would be seen in Market. The overall Market would be down or flat. You will get a good time to react, whether to go for shortselling or intraday....
So guys all the best for today's trading......
On the flip side the increase of foreign investors in particular will bring a very welcome inflow of foreign capital, but there are always some dangers if certain limits are exceeded. Firstly, the foreign capital is free and unpredictable and is always on the look out of profits. Flls frequently move investments, and those swings can be expected to bringsevere price fluctuations resulting in increasing volatility. Here we analyze the comparative trend of sensex and FII, how it affected the market, Here the grey curve shows sensex indeces and black curve shows the FII cash flow, Here we can see how FII cash inflows increases the market indeces and cash outflows decreases the indian stock market indeces:
Today market is assumed to go down sharply. Market would start at a big lows. Lot of buying was seen in U.S. and global markets. This time is really good for long term ( 6-12 months) investments.
Today the time to play at margins, but very carefully.
Don’t panic: As i stated earlier, what goes up, must come down and what goes down must come up. I have seen many small investors start to panic when market comes down and sell their shares and stocks at lower rates. This is wrong strategy and the investors loose . I would suggest them to wait, until the stock rises. The market going down have to rise again.
Invest 60%: When market rises, I have seen many investors, invest all their money in the market. This is wrong strategy. Invest only 60% of your amount in market. Keep 40% of amount for bad situation. Never let yourself with shortage of cash.
Invest in business not in company: Don't invest only in big companies. To gain a good amount of profit, do your homework ( analysis ) about the small companies in the same business having ability to rise. Always their is the point of saturation in big companies. Remember, we invest to gain profit, not to put our amount in safe deposits.
Don’t be impatient: Don't react according to market. Make your own plans. Dont be impatient when market goes up or down. React according to your priorities.
Take calculative risk: People say, take risk in market. I dont say to take risk, rather take calculative risk. Before taking risk analyse the market and the company to invest for. Calculative risk always pays.
Market today is assumed to go down. Still the crises didn't finish. The next support for sensex would be 11150 and resistance to move up would be somewhere between 12152-12352. As per Nifty is considered, the support would be 3401-3566 and the resistance to move up would be somewhere between 3714-3768. It would be very hard for market to cross these resistance levels, but anyhow if it crosses these levels, it would be very good for Indian markets.
For today, advice is to go for shortselling in morning and intraday in afternoon, depending upon How the Market starts ?
