Daily Report September 21st Thursday

Nifty (3502) SUPPORT-3482-3455-3336 RESISTANCE-3530-3555-3584 Nifty now should trade above 3515 comfortably & intraday we shouldn’t trade below 3486 are 2major points for markets today and if both criteria are met it would be one of the higher gains today and now stop loss for 3856 has been changed from 3370 to 3436. TOP 5GAINERS=BHARTIATL-RCOM-IPCL-ORIENTBANK-TCS TOP5LOSER=HDFCBANK-ABB-SBIN-BPCL-SUNPHARMA. P/E=20.09 p/b=4.51 adv=40 dec=9 NSE adv: 449 dec: 453 -vol-rs.6571crs

Sensex (12109) SUPPORT-12024-11905-11836 RESISTANCE-12178-12285-12342 Sensex should trade above 12024 to signify the bullish trend this is for intraday and in short term too, and volatility should come down as many uncertain events are over and we trading above the major pain area 12238 would be very important.
8dma=11904 13dma=11904 21dma=11800 34dma=11577 55dma=11192 OPEN=11946 HIGH=12128 LOW=11833 BSE adv: 1266 dec: 1255 -vol-rs.3416crs
Fiis buyer rs.276crs & Mutual funds buyer rs.127on Tuesday, Fiis buyer rs.3706crs in Sep month and buyer rs.21096Crs in 2006, mutual fund buyer rs.609crs in Sep month. F&O DATA Fiis buy rs.118crs in nifty future and sell rs.18crs in stock future on 20th September and provisional Fiis buy in cash rs.128crs source NSE website

Day That Ended: Market opened weak with panic downfall to recover faster and all losses made on Tuesday was gained and closed above as more clarity has emerged about FED-THAI MILTARYCOUP-HEDGEFUND. Volumes are lower & gains were from all sector but TECH-AUTO-FMCG were major gainers and they would be strong too in coming days, International Monetary Fund (IMF) today promised to carry out further reforms that would open up the possibility of more powers in the fund for India- which are pointers that India is growing into a major super cycle economy. International markets U.S markets closed positive and Indian ADRs highest gain in recent time EURO markets positive close and ASIAN markets has opened strong CRUDE $60.90.
Outlook for Thursday: Market to maintain its upward journey and with Crude almost 25% down OIL marketing company should do very well and company which use crude byproduct also should fare well. Metals coming down would benefit ENGEERING-AUTO would raw material cost pressure would come down soon & PHARMA-TECH would be great Indian story soon. HINDSANTITARY-BEML-BHARTISHIPYARD-EMCO-BIOCON-WOCKHARD-AUROPHARMA-RANBAXY-HPCL-BPCL-TATACHEM-CESC-WIPRO-RAYMOND-GAMMON-GDL all same old stock where investor can have a look at.

STOCK TECK view: http://prabhakar-views.blogspot.com BEML buy rs.900-940 target rs.1500 the stock has been in good accumlation for a very long time and now volumes and delivery volumes are slowly picking up and any move above rs.980 would be a major breakout and a return of 67% would be very good if it happens in 12-15months also in my view it can be faster.

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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://economictimes.indiatimes.com/articleshow/2011774.cms Thai coup pushes India, Inc. for risk cover.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=5834
http://economictimes.indiatimes.com/articleshow/2011939.cms Tatas plan mega foray into durables retail biz.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=5817 Gabriel to demerge engine bearings unit