Markets: Quick Notes The National Stock Exchange index Nifty traded below crucial 5,6 mark level by falling 56.95 points, or 1.1 per cent to 5,574.5. The 3-share Sensex closed 162 points, or.88 per cent, lower at 18,39.37. ICICI BankBSE -2.65 % lead the 24 losers in 3-share Sensex, followed by Tata MotorsBSE -2.64 %, SBIBSE -2.13 %, BhelBSE -1.94 %, MarutiBSE -2.14 % and HDFCBSE -1.78 %."At 7.45 per cent inflation is certainly quite high," RBI Governor D Subbarao told reporters on the sidelines of a function in Pune, adding the central bankbse -2.54 % is always on "high alert" on the inflation front. The important economic agenda for the session includes amendment to the Insurance Bill to raise FDI cap from 26 to 49 per cent, Banking Regulation Amendment Bill and Direct Taxes Code. Nifty F&O Statistics: 15th Nov 16th Nov % Change Spot 5631 5574-1.1% Futures (Nov) 5649 558-1.23% Dist / Prem 18 6 - Open Interest (OI) 1695655 15381-11.31% PC Ratio (OI).97.91 - Nifty vs. Institutional Activity (Rs` Mn) 8 6 4 2 (2) (4) (6) Provisional Figures for Investments 576 58 5739 5724 574 57 5698 5686 56 2-Nov 5-Nov 6-Nov 7-Nov 8-Nov 9-Nov NSE - Advance/Decline Number of Shares 2, 1.8 1.9 1.1 1.6 1,6 1,2.8.8 8 4 1-Nov2-Nov5-Nov6-Nov7-Nov8-Nov Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS) 2. 1.5 1..5. Fund Activity FII (LHS) MF (LHS) Nifty (RHS) Net Inflows (Provisional Figures) (Rs. Crores) Purchases Sales Net 16-Nov-212 FIIs 2992.5 2482.34 59.71 DIIs 919.18 1293.9-374.72 FII- Derivatives 1951.79 18131.37 92.42 Today s Economic Events India Source: SEBI Source: NSE Live Markets As on 7.3 hours IST Nil Shanghai Nikkei SGX Nifty Hang Seng Current Quote 29.97 9151.29 5588 21257.9 % Change.24% 1.41%.27%.47% Global Nil Source: Bloomberg 1
Business News Turnover - NSE Max Life Insurance H1 profit before tax up 6% to Rs 398 crore: Max Life Insurance posted 6% growth in net profit before tax of Rs 398 crore. The gross revenue remained flat at Rs. 2,91 crore. The company's assets under management increased 3% to Rs 19,184 crore over last year and sum assured that touched Rs.158,54 crore, an increase of 7%.The company 12 1 8 6 4 2 5697.7 95 576.1 78 582 111 5738.75 96 576 111 14 57 574.2 5724.4 564 5645.5 558 1-Nov 2-Nov 5-Nov 6-Nov 7-Nov 8-Nov Nifty (LHS) Nse Cash Volume (RHS) (Rs bn) announced the maiden shareholders' dividend entailing distribution of Rs 115 crore, based on the performance of the company during the first half of the Financial Year 212-13. Post dividend the Company has the solvency margin of 554%, which clearly indicates its strong and stable financial position. The market share among private life insurers at 9.5% on Adjusted Individual FYP. Records 3% growth in AUM to Rs. 19,184 crore. Solvency Margin 554% post its maiden shareholders' interim dividend. Top Five S&P CNX Nifty Gainers: SYMBOL CLOSE PRICE PREV.CLOSE %CHANGE BHARTIARTL 31.4 29.3 3.82 INFY 2343.35 2296.3 2.5 DRREDDY 1756.9 1721.65 2.5 ONGC 257.9 253.5 1.74 JINDALSTEL 371.1 368.1.81 Top Five S&P CNX Nifty Losers: SYMBOL CLOSE PRICE PREV.CLOSE %CHANGE IDFC 159.35 164.9-3.37 DLF 23.6 29.25-2.7 PNB 742.9 763.25-2.67 TATAMOTORS 265 272.25-2.66 ICICIBANK 127.3 154.65-2.59 Volume Toppers: 12 1 987.27 VALUE(Rs Crs) 8 6 58.7 4 42.9392.9 356.28 256.85247.81243.7241.4 197.63 2 MCDOWELL- N TATACOFFEE INFY SBIN BHARTIARTL RELIANCE ICICIBANK AXISBANK L&TFH LT 2
Economic Update India & Global Record-Low Mortgage Rates May Lift Housing: U.S. Economy Preview: The lowest mortgage rates on record probably helped keep sales of previously owned U.S. homes close to a two-year high in October, and underpinned construction of new residences, economists said before two reports this week. Purchases of existing dwellings held at a 4.75 million annual rate last month, according to the median forecast in a Bloomberg survey before tomorrow s report from the National Association of Realtors. Housing starts eased in October to an 84, pace from a four-year high of 872, units in September, Commerce Department figures may show Nov. 2. Demand for residential real estate is also being propelled by more affordable properties, progress in the labor market and improving consumer sentiment. The data underscore what Federal Reserve Chairman Ben S. Bernanke called signs of improvement in the market, which is helping fuel the expansion as manufacturing cools. Housing has definitely become a bright spot in the economy, while all the international-facing sectors are doing much worse, said Yelena Shulyatyeva, U.S. economist at BNP Paribas in New York. Existing-home sales have improved after reaching a 3.39 million annual rate in July 21, the lowest since comparable records began in 1999. In the buildup to the subprime lending collapse and recession, purchases reached a peak of 7.25 million in September 25. Source: Bloomberg, Economic times, Business standard, Mint, DNA Money, Business Line Source: Bloomberg 3
Technical Corner NIFTY Key Statistics Turnover in Cr. %Change Momentum Moving Average Bollinger Band 11925.65-14 Day RSI 39.77 2 day EMA 5667 B. Upper 577 India VIX % Change MACD 8.48 5 day EMA 567 B. Lower 5586 16.22 4.44% Stoch 1.57 2 day EMA 5367 Band Width.3 Weekly Chart Technical View Intraday Market Outlook: NIFTY may open flat to positive and it would remain rangebound between 5615 and 556 levels. Breakout of either level would invite an intraday trend. On the higher side, the NIFTY has resistance at 563 and 564 levels. On the lower side it has support at 5545 and 552 levels. Close R1 R2 R3 S1 S2 S3 5574 559 5615 564 556 554 551 BANKNIFTY Nov Future Weekly Chart: Technical View For the day, On the lower side, BankNifty has support at 1127 and 1121 levels. If Banknifty trades below 1121 futher selling pressure can be expected and then 1114 is possible. Banknifty has resistance at 1142 and 1148 levels. Close R1 R2 R3 S1 S2 S3 11345 1142 1148 1155 1127 1121 1114 4
Day Trading Guide Pivot Point (Equity) Scrip Name Close R2 R1 PP S1 S2 ABB 721 752 737 725 713 698 ACC 1378 1444 1412 1386 1361 1329 AMBUJACEM 23 216 29 24 199 192 AXISBANK 1226 1261 1244 1231 1217 121 BHARTIARTL 31 315 36 299 292 283 BHEL 23 243 237 232 227 221 BPCL 329 338 333 33 326 322 BAJAJ-AUTO 1814 1891 1854 1824 1793 1756 CAIRN 331 345 339 334 328 322 CIPLA 38 4 39 383 375 365 DLF 24 222 213 26 199 19 DRREDDY 1757 1853 1797 1751 175 1649 GAIL 346 361 354 348 343 336 GRASIM 318 3295 324 3195 3151 396 HCLTECH 68 638 624 612 61 586 HDFC 775 85 791 779 767 753 HDFCBANK 642 655 649 644 638 632 HEROMOTOCO 1816 1899 1858 1824 1791 175 HINDALCO 19 115 112 11 18 15 HINDUNILVR 521 548 535 524 513 5 ICICIBANK 127 175 152 134 115 992 IDEA 95 1 98 96 94 91 IDFC 159 171 166 161 157 151 INFY 2343 2473 24 234 2281 228 ITC 275 287 281 276 271 265 JINDALSTEL 371 398 384 374 363 35 JISLJALEQS 65 68 67 66 64 63 JPASSOCIAT 91 97 94 92 89 86 JPPOWER 37 4 39 37 36 34 JSWSTEEL 731 773 752 735 718 697 KFA 13 15 14 14 13 13 KOTAKBANK 623 658 64 626 612 594 KSOILS 4 4 4 4 4 4 LICHSGFIN 249 263 256 251 246 24 LITL 13 14 13 13 12 12 LT 1578 1658 1621 159 156 1522 LUPIN 577 587 58 576 571 565 MCDOWELL-N 1791 1959 1876 188 174 1656 MCLEODRUSS 315 335 325 318 31 31 MRF 169 1499 1288 1118 9947 9736 MOSERBAER 5 6 6 5 5 5 MPHASIS 397 43 4 397 394 391 Scrip Name Close R2 R1 PP S1 S2 M&M 894 928 912 899 886 871 MARUTI 1438 159 1476 145 1423 1391 NATIONALUM 45 46 46 45 45 44 NEYVELILIG 81 84 83 82 81 79 NTPC 166 17 168 167 165 163 ONGC 258 267 261 256 252 246 PNB 743 79 768 751 733 712 POWERGRID 119 121 12 119 118 117 RANBAXY 522 54 531 524 516 57 RCOM 61 68 65 62 6 57 RELCAPITAL 38 416 398 384 369 352 RELIANCE 775 81 793 78 766 75 RELINFRA 462 5 482 467 452 433 RPOWER 93 1 96 94 91 88 SCI 54 57 55 54 53 51 SESAGOA 168 174 171 169 167 164 SAIL 79 82 81 79 78 77 SBIN 218 2222 2169 2127 284 231 SIEMENS 67 687 678 672 665 656 SOBHA 365 383 373 366 358 349 STER 97 11 99 98 97 95 SUNPHARMA 679 72 691 682 673 661 SINTEX 64 72 68 65 62 59 SUNTV 357 387 373 362 351 337 SUZLON 15 16 16 16 15 15 TATAMOTORS 265 283 274 267 26 252 TATAPOWER 99 12 11 99 98 97 TATACOMM 233 244 239 235 23 225 TATASTEEL 37 388 38 373 366 358 TCS 1287 1328 138 1291 1275 1254 TECHM 911 945 928 915 91 884 TITAN 296 38 32 297 292 286 TRIVENI 21 22 21 21 21 2 TTML 11 12 12 11 11 11 TULIP 39 43 41 4 38 36 TNPL 111 117 114 111 18 15 UCOBANK 72 77 75 72 7 67 UNIONBANK 223 242 233 226 219 21 UNIPHOS 113 12 116 112 19 15 UNITECH 27 31 29 27 26 24 WELCORP 15 112 18 15 11 97 PP Pivot Point, R1 Resistance1, S1 Support, R2 Resistance2, S2 Support2: How to trade Pivot points: If the stock opens above PP then go Long and Keep S1 as the stop loss for a possible target of R1/R2. If the stock opens below PP then go short and Keep R1 as the stop loss for a possible target of S1/S2. 5
RESEARCH TEAM Devarajan. S Technical & Derivative Strategist 44-2836686 devarajan@ifinltd.in Arun. V Research Analyst 44-2836623 arun@ifinltd.in IFIN Reports are also available on the Bloomberg (IFCI <GO>) Disclaimer This document has been prepared by the Technical Research Department of IFIN and is meant for use by the recipient only as information and is not for circulation. All information/opinion contained/expressed herein above by IFIN has been based upon information available to the public and the sources, we believe, to be reliable, but we do not make any representation or warranty as to its accuracy, completeness or correctness. Neither IFIN nor any of its employees shall be in any way responsible for the contents. This document is for general information purposes only and does not constitute an investment advice or an offer to sell or solicitation of an offer to buy / sell any security and is not intended for distribution in countries where distribution of such material is subject to any licensing, registration or other legal requirements. This document does not have regard to the specific investment objective, financial situation and the particular needs of any specific person who may receive this document. The investment may not be suited to all the categories of investors. The recipients should therefore obtain your own professional, legal, tax and financial advice and assessment of their risk profile and financial condition before considering any decision. This document is for the information of the addressees only and is not to be taken in substitution for the exercise of judgment by the addressees. All information contained herein above must be construed solely as statements of opinion of IFin at a particular point of time based on the information as mentioned above and IFIN shall not be liable for any losses incurred by users from any use of this publication or its contents. The Disclosures of Interest Statement incorporated in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the document. The views and opinions expressed herein by the author in the document are his own and do not reflect the views of IFCI Financial Services Limited (IFIN) or any of its associate or group companies. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Past performance is no guarantee and does not indicate or guide to future performance. IFCI Financial Services Limited (IFIN), its associate and group companies, its directors, associates, employees from time to time may have various interests/ positions in any of the securities of the Company(ies) mentioned therein or be engaged in any other transactions involving such securities or otherwise in other securities of the companies / organization mentioned in the document or may have other potential conflict of interest with respect of any recommendation and / related information and opinions. IFCI Financial Services Ltd Continental Chambers I 142, M G Road I Nungambakkam I Chennai 6 34 I Tel: +91 44 28366 6