Archive for December, 2009
Welcome 2010 … Bye bye 2009
Markets this year had everything for everyone. Our markets gained highest % among all Asian markets. After the election result, our market capital has increased 10,000 cr/sec and hit upper circuit. We never know when this will happen again. But happy, we were at the time that has happened once.
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A section of the investors were seen lowering their market exposure ahead of F & O expiry while others were busy in rolling over to the new Jan ‘10 series. As per reports, rollover of Nifty positions from December 2009 series to January 2010 stood at 58% while the market wide rollover stood at 59%. The Sensex lost 57 points off 96.23 points from the day’s high and up 21.02 points from the day’s low. The Nifty closed 18 points lower at 5169.45 after moving between 5160 and 5197 during the day.
NIFTY
Beacuse of holidays markets are in consolidating phase and may continue upto 5.01.2010.
NIFTY SUPPORT AT 5064-5080 AND THIS IS GOOD BUYING ZONE.
FOR UP MOVE UNLESS NIFTY ABOVE 5200 NO UP MOVE SIGNAL AND SELLING/PROFIT BOOKING EXPECTED AT EVERY HIGH .
ABOVE 5225 NEXT RESISTANCE AT 5262 AND ABOVE IT FRESH UPMOVE ONLY.
OTHERWISE YOU HAVE TO WAIT FOR DIPS.
Intraday Calls
HINDOILEXP
INTRADAY
BUY ABOVE 298
TARGET 308
SL 292
FOR SHORT TERM
BUY 275-282 ZONE
WITH A SL 265
TARGET 308.325
NITINFIRE
INTRADAY
BUY ABOVE 315
TARGET 322-327
SL 304
SHORT TERM
BUY 275-282 ZONE
SL 262
TARGET 327-340
THINKSOFT
INTRADAY
BUY AT CMP
TARGET 335
SL 323
SHORT TERM
BUY 310-315 ZONE
SL 303
TARGET 335-348
COX&KINGS
INTRADAY
BUY AT 448
SL 438
TARGET 456-462
OTHER STOCKS IN UPTREND
ALL THESE STOCKS ARE IN UP TREND AND MOVEMENT EXPECTED WITH IN 15-20 TRADING SESSIONS.
BUY ON EVERY DIPS -
APTECH – (185)
TARGET 202-225
ACC – (871)
TARGET 928
ESSARSHIP –(76)
TARGET- 83-90
Stock Calls For Today
Expect Indian markets to open flat to positive.
The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387
Also volatility may remain high ahead of F & O expiry
The market ended the week gaining an impressive 650 points with the Sensex closing at 17360. The Nifty too closed the week equally strong gaining 191 points at 5178. Intraday volatility was high during the week as market participants shifted positions in the F & O segment from December 2009 series to January 2010 series ahead of the expiry of the near month December 2009 contracts.
Intraday Calls
BANK OF BARODA
Buy Around 513-514
Target : 519-525
Stoploss : 508
Cash Intraday
Long Call
NRC (National Rayon Corporation Ltd.)
Buy At Opening (CMP : 12.35)
Target : 28-35-40
In 6 Months
GOLD FUTURE (Last trade16805)
The counter after gap up opening on strong global advice moved range bound yesterday till late evening when weaker advice from the overseas gold market forced the investors to unwind their long positions. The gold in subsequent trades thereafter dipped to day’s low at 16731which however, recovered at close. The gold today may gain strength once it trades and remains above 16837 whereby it may move further to 16860/16894. Strong support for the gold exists at 16749 which if breached decisively with volumes then the gold may slide to 16715/16681.
Stock Market Holidays 2010 – India
Trading holidays for the calendar year 2010
|
S No |
Date |
Day |
Description |
|
1 |
26-Jan-10 |
Tuesday |
Republic Day |
|
2 |
12-Feb-10 |
Friday |
Mahashivratri |
|
3 |
01-Mar-10 |
Monday |
Holi |
|
4 |
16-Mar-10 |
Tuesday |
Gudi Padwa |
|
5 |
24-Mar-10 |
Wednesday |
Ram Navmi |
|
6 |
01-Apr-10 |
Thursday |
Annual Closing of Banks |
|
7 |
02-Apr-10 |
Friday |
Good Friday |
|
8 |
14-Apr-10 |
Wednesday |
Ambedkar Jayanti |
|
9 |
27-May-10 |
Thursday |
Buddha Pournima |
|
10 |
19-Aug-10 |
Thursday |
Parsi New Year |
|
11 |
10-Sep-10 |
Friday |
Ramzan ID |
|
12 |
30-Sep-10 |
Thursday |
Half Yearly Closing of Banks |
|
13 |
05-Nov-10 |
Friday |
Diwali / LaxmiPuja* |
|
14 |
17-Nov-10 |
Wednesday |
Bakri ID |
|
15 |
17-Dec-10 |
Friday |
Moharram |
The holidays falling on Saturday / Sunday are as follows:
|
S No |
Date |
Day |
Description |
|
1 |
27-Feb-10 |
Saturday |
Id-e-Milad |
|
2 |
28-Mar-10 |
Sunday |
Mahavir Jayanti |
|
3 |
01-May-10 |
Saturday |
May Day |
|
4 |
15-Aug-10 |
Sunday |
Independence Day |
|
5 |
11-Sep-10 |
Saturday |
Ganesh Chaturthi |
|
6 |
02-Oct-10 |
Saturday |
Gandhi Jayanti |
|
7 |
17-Oct-10 |
Sunday |
Dussera-Vijaya Dashami |
|
8 |
07-Nov-10 |
Sunday |
Bhau Bhij |
|
9 |
21-Nov-10 |
Sunday |
Gurunanak Jayanti |
|
10 |
25-Dec-10 |
Saturday |
Christmas |
*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.
This is the NSE’s circular for trading holidays for currency Derivatives section for the year 2010. The List of Holidays for BSE and NSE will probably remain same.
Provided by FXCommodity.com
——————-
Stock Market Holidays For United States Markets
2010 U.S. Stock Market Holidays
* New Year’s Day- January 1, 2010
* Martin Luther King, Jr. Day- January 18, 2010
* President’s Day- February 15, 2010
* Good Friday- April 2, 2010
* Memorial Day- May 31, 2010
* Independence Day- July 5, 2010 (observed for July 4)
* Labor Day- September 6, 2010
* Thanksgiving- November 25, 2010
* Christmas Day- December 24, 2010 (observed for December 25)
NYSE, AMEX and NASDAQ Early Closing Days 2010
On November 26, 2010, NASDAQ and the NYSE cease trading at 1:00pm EST. On December 24 and December 31, 2010, NYSE cash markets close at 1:00pm GMT.
Stock Update/Tips
ECONOMY : Govt indicates that it prefers RBI to refrain fm hiking key policy
rates at this juncture, despite rising inflation.. Govt also pitches for
continuing with fiscal stimuli for atleast two more quarters, indicating the
forthcoming Budget is unlikely to reverse the cuts in excise duty/service tax
RIL : SEBI to consider appropriate action against co for allegedly routing
funds to dummy cos for buying large quantity of its own shares in 2000
HDFC : plans to disburse Rs30bn over the next two months under its spl.loan
scheme launched early this month
REAL ESTATE : HDFC V.Chmn says home loan interest rates are unlikely to move
up even if RBI hikes the cash reserve ratio as there is ample liquidity
L&T : President (Operations) cos sales wud grow at 14-15% in FY10 & op.margin
wud increase to 14% by Mar 10
NTPC : proposes to build a power project in Ghana in retrn for liquified
natural gas
AXIS BANK : puts overseas bond issue on hold as it waits for spreads to
narrow before it raises funds
DR REDDY’s : plans to launch generic version of Lipitor which has annual
sales of >$12bnin US mkts in next 2-3 yrs
BHARATI SHIPYARD : to consider another open offer for 20% more @ Rs 590/share
to acquire mgt control of Great Offshore
WELSPUN GRP: merging 3 promoter owned investment cos into Welspun investments
to unlock value and help raise funds
NIIT : has deferred its plans to raise Rs2.3bn thru QIP
INDUS IND BANK : says it has presented a roadmap to RBI on bringing down the
promoter stake to 10% over the next 2-3 years
PBA INFRA : bags order worth Rs 1.45bn from Oriental Structures Engineers
INDIABULLS FIN : ends JV with Societe Generale for Life Insurance
ONGC : declares Rs 18/shr mid yr dividend
Asian Markets
European Markets
Imp Pivot Levels
Sponsored
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