Daily Report November 13th Monday

Each slide in the markets ensures that weaker / pessimistic investors leave the market and only the optimists remain behind

Nifty (3834) SUPPORT-3775-3752-3729 RESISTANCE-3852-3874-3896 Nifty range 3815-3874, intraday Buy near 3815-3820 with a SL-3803 target 3870 & 3890. Nifty after correcting 103points from the peak has regained all losses so if we see new high marked then my target for the week is 3940-3960 & with 3803 as SL. ( 3777 would be the SL for short term traders for a target of 4200 by Jan)
P/E=20.53 p/b=4.92 adv=36 dec=14 NSE adv: 470 dec: 474 -vol-rs.8232crs

Sensex (13282) SUPPORT-13225-13148-13034 RESISTANCE-13379-13441-13564 Sensex should stay above 13225 is bullish and higher levels can be reached. The coming would be very crucial for markets and any close above 13441 would change whole market scenario.
8dma=13136 13dma=13023 21dma=12924 34dma=12699 55dma=12371 OPEN=13187 HIGH=13303 LOW=13104 BSE adv: 1270 dec: 1219 -vol-rs.4567crs
Fiis Buyer rs.526 crs & Mutual funds seller rs.71crs on Thursday, Fiis buyer rs.2337crs in Nov month and buyer rs.33164Crs in 2006, mutual fund rs.371crs in Nov month. F&O DATA Fiis buy rs.595crs in nifty future and sell rs.149 crs in stock future on 10th November and provisional Fiis buy in cash rs.121crs source NSE website

Day That Ended: Market opened flat and as the day progressed rained in gains and closed at the highest level ever & marking marginal new high in both indexes. Weekly basis AUTO stocks where the major loser with BAJAJAUTO-MARUTI-HEROHONDA while GUJAMBCEMENT was the major gainer of the week. India's industrial production grew a faster-than-expected 11.4 percent in September, sustaining the fastest streak in a decade, adding to evidence that interest rates may rise. International markets U.S markets closed positive with Indian ADRs mixed with more of positive signs TATAMOTORS gained 4%, EURO markets ASIAN markets and other international markets all closed weak only. Democrat’s victory is pulling Pharma company stocks in U.S & Europe down on Friday 1.9% health care Index was down in Europe. Crude $59.59

Outlook for Monday: Markets to open positive and Cement-Pharma & Auto sector along with Textile would perform. Pharma added 6% in O.I & Private Banks 5% in O.I and with many MNC Pharma companies world over fear the changes in Pharma policy in U.S after Democrats victory, which would benefit Indian Pharma company which is a low cost destination. Chinese premier visit and Indian PM Visit to Japan are 2major events which can bring long term growth to India if properly handled and Japan FDI is not in a big way after Pokhran. TATACHEM & RAYMOND would be good value buy for 6-8months time frame.

Intra Day:
ACC: Buy: rs.1008-1012 SL-998 target T1-1028 T2-1045
Weekly Buy:
NDTV: Buy: rs.235-240 SL-229 target T1-260 T2-284

http://prabhakar-views.blogspot.com STOCK Outlook: TATAMOTORS news of launching small size engine cars to take 8% excise duty benefit will give better margins & stock faces resistance at rs.844 above which rs.900 would be possible in 1-2months. ABANLYOD if this stock fails to cross above 1194 then there is a very high possibility of the stock correcting heavily 8-10% soon. RAYMOND the Value buy: 50-50 joint venture with Italian fashion company Grotto to launch the Italian fashion brand, GAS, planning to expand its retail presence in the country by opening 30 exclusive flagship stores, Raymond is also planning to increase its portfolio for women’s wear brands to become multi product company. http://in.groups.yahoo.com/group/prabhakar-views/join


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://business-standard.com/common/storypage_c.php?leftnm=10&autono=264344 India, Japan to negotiate economic agreement
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=264387 Tata Motors is giving its Indica a smaller 1,200cc petrol engine, which is set to be launched next week. Tata Motors took this step to get the benefit of a reduction in excise duty from 24 per cent to 16 per cent for small cars
http://www.bloomberg.com/apps/news?pid=20601091&sid=alwoAZbPH0HU&refer=india India's Production Growth Sustains Decade's best Pace
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=264487 Grasim, Orissa sign MoU for Rs 1200cr cement unit
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=264488 Raymond, Italian firm form joint venture
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=264489 Raymond to expand retail presence
http://www.ndtvprofit.com/homepage/storybusiness.asp?id=34609&template RBI tightens lending rules for banks