
Market Trend
Market with good situation, during the afternoon trading session at BSE, RIL reported the top gainer from the Sensex pack, as the stock is now trading high by (2.59 per cent), while Bharti Airtel dipped by 3.87 per cent in the afternoon session.
At 2:25 PM BSE SENSEX was at 17,044.64 up by 122.56 points or by (0.72 per cent) and the NSE Nifty was trading at 5,120.10, up by 41.50 points or by (0.82 per cent). The BSE MIDCAP was at 6,889.98 up by 24.24 points or (0.35 per cent) and the BSE SMLCAP was at 8,638.88 up by 38.99 points or by (0.45 per cent).
Nifty For Monday 14th June
Nifty still didn’t cross the key short term resistance zone of 5200 to 5220, closing above this resistance zone may be considered as an indication of trend reversal & we could expect more bounce from there. As per the current trend of Nifty Futures we could expect that it could hold the trading range of 5000 to 5200 for few trading sessions. We recommend that traders should watch out the level of 5200 and if it not crossed then one could short for the target of 5000 to 5005 in near term.
Reliance to buy Infotel for $1 bn- COVER STORY
Reliance Industries, controlled by billionaire Mukesh Ambani, will buy Infotel Broadband Services for $1 billion, marking the re-entry of India’s largest-listed firm into the booming telecom market.Reliance will invest about Rs4,800 crore by subscribing to fresh equity capital at par to be issued by Infotel Broadband. Reliance will own 95% of Infotel, which will function as a unit of the company.Shares in Reliance closed up 3% at Rs1,046.25 in a Mumbai market that rose 0.8%.
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Market Updation
Market session was good for today, the first half was subdued but the market gained momentum in the second half on the back of positive European cues. Sensex shut shop at 16922, up 264 points and Nifty at 5078, up 78 points from the previous close. CNX Midcap index was up 1.3% and BSE Smallcap index was also up 1.3%. The market breadth was positive with advances at 944 against declines of 318 on the NSE. Top Nifty gainers were Reliance Infrastructure, Hero Honda and Bharti Airtel while losers were Power Grid, PNB and BPCL.
Sure Market Trend
The 30-share BSE index rose 1.59 percent, or 264.19 points, to finish at 16,922.08, but the index is still down 1.1 percent this week. Twenty-nine of its components closed in the green.
The Bombay Stock Exchange in a clarification issued on Wednesday said, “As the ‘dummy' circuit filter was set at 20 per cent of the previous day's close and the lowest price buy order in the order book was at Rs 840.55, it prevented the price from falling further and the balance 1.6 lakh shares were executed at the same price.” RIL shares fell sharply to Rs 840.55 in 12 seconds at 12.50 pm on June 1 from a prevailing market price of Rs 1,027.55.
On January 7, 2009, Satyam shares fell from the previous day's close at Rs 179.10 to an intra-day low of Rs 39.95 on the BSE. Even in the next trading session on January 9, 2009, Satyam fell to Rs 11.50 in intra-day trade from the previous close of Rs 39 .95. On the NSE too, Satyam shares fell nearly to the same extent indicating there was no dummy filter operating on either BSE or NSE in January 2009.
Nifty Stock Futures
The Nifty closed at 5000.30. Nifty future (June) closed at 4990.40 i.e. at a discount of 9.90 points vs. 26.40 points and shredded -60600 shares in open interest.
The Nifty future (July) closed at 4987.35 i.e. at a discount of 12.95 points vs. 29.75 points and added 20550 shares in open interest.
The Nifty future prices ended in the positive terrain along with overall shredding of open interest and increase in the cost of carry, this is an indication that market rose on account of short covering.
Free Stock Tips
1- Sell HDIL with 10-15 day target of Rs 190 and stop loss of Rs 210,| Action | Stock | Price | Target-1 | Target-2 | Stop Loss |
| Buy | Nifty Option 24 -June | 185.5 | 205.1 | 240.25 | 174.25 |
| Buy | Nifty Option 24 -june | 57.35 | 60.1 | 63.05 | 57 |
| Action | Stock | Price | Target-1 | Target-2 | Stop Loss |
| Buy | Nifty Future 29 july | 4990 | 5022 | 5060 | 4973 |
| Sell | Nifty Future 29 July | 4950 | 4910 | 4885 | 4980 |
Mode – Weak
RESISTANCE- 5016/5045/5092
SUPPORT- 4958/4929/4880
Mode-Weak
Resistance-16710/16802/16954
Support-16524/16432/16280
Above resistance= Strong
Below support =Weak
If SENSEX breaches 16802 and stays above 16710 with good volume then possible upper target is 16950.If Sensex crosses 16432 and stays below 16524 level then Sensex trend is bearish.Then expected lower target is 16300.
Nifty Stock Trend
ABB
The next intra day resistance for the stock is seems to be around the level of 875. closing above 875 may take up the stock till the higher levels of 890 to 900 in short term.
RESISTANCE: 875 SUPPORT: 874
Ambuja Cement
in this stock we had already mentioned in our previous reports that one could go for buy on dips until
it made closing below 100, could moves till the higher levels of 119 to 120 in short term.
RESISTANCE: 117.70 SUPPORT: 110.60
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Nifty Fut
Risistance for Nifty Fut is 5145, 5190, 5210
Support for Nifty 5080, 5065
1- Always Trade with stop loss
2- Don't trade with huge property
Stock Options Call
IDEA 50 PUT 1 - SO IF U WANT TO BOOK STRANGLE TARGET DONE AS 60 CALL BOOKED AT 1.90 !
MEDIUM RISK TRADE- BUY NIFTY JULY 4500 PUT AT 50 SL 25 CLOSING BASIS TARGET 75/95
Jaiprakash Associates Limited
suggestion – Buy
Target 123.40, 123.80, 124.50
Stop Loss 117.45 Target date 9-june -2010
With the debt crisis spreading to Hungary and pushing down euro to a new 4-year low, Asian and European markets tumbled today and triggered a heavy sell-off on the Indian bourses.
A weak close on Wall Street last Friday and disappointing jobs data also weighed in to a notable extent. The Sensex, which plunged to 16,686.73, ended at 16,795.86 (provisional) with a loss of 321.83 points or 1.88%. The Nifty closed at 5039.45, down 96.05 points or 1.87%.
Realty and metal stocks were among the worst hit. Oil, PSU, IT, bank, auto and capital goods stocks too suffered sharp losses. Midcap and smallcap stocks too were seen reeling under pressure. DLF lost over 6%. Hindalco, Tata Steel and Tata Motors ended lower by over 4%.
Sterlite, Bharti Airtel, ICICI Bank, SBI, HDFC, Jindal Steel, Infosys, Reliance Infra and RIL also declined sharply. SAIL, HCL Tech, BPCL, Cairn, Idea Cellular, Unitech, Axis Bank, Suzlon and Reliance Capital went down sharply. RComm ended more than 4.5% up. ACC, Ambuja Cements and Kotak Bank also closed on a positive note. The market breadth was weak right through the day.


