DOW JONES +245 .... USE TOMORROW RALLY TO BOOK LONG AND SHORT NIFTY FUT

DOW JONES +245 ENJOY

USE TOMORROW RALLY TO BOOK LONG AND SHORT NIFTY FUT

STOPLOSS 6065 CLOSING BASIS ON NIFTY SPOT

TARGET 5845/5625/5410

OM SHRI GANESHAYA NAMAH

Update positional sl modified to 6090 on nifty spot closing

NIFTY DAILY OUTLOOK DEC 01, 2010

On Tuesday, market opened negative and traded in the range till first-half of trading session however Banks, Realty and Auto attract good buying during second-half of session helped market to recover from lows of day and closed up in green whereas Oil & Gas, Metals and IT counters underperformed. Overall it was a highly volatile trading session. Volume for the day was higher then previous trading session. Market breadth was positive. Midcap and small caps index closed up in green.

The Short term trend will turn negative below the level of 5830.
For the day, the level of 5840 and 5815 may act as a major support for the market and the level of 5895 and 5920 may act as a major hurdle. Oil & Gas and Fertilizers may attract good buying.

"Spot Levels" Day trader can go long on nifty above 5895 with stop loss 5865 for target 5920 / 5950 and can go short below 5840 with stop loss 5870 for target 5815 / 5785.

Index Range

Nifty: 5862.70
Range: 5815-5920
Resistance: 5895-5920-5950
Support: 5840-5815-5785

Bank Nifty: 11952.60
Range: 11770-12160
Resistance: 12045-12105-12160
Support: 11880-11825-11770

Short term: Up (5830)
Medium term: Down (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  6499.13-5609.67= +889.46
DII:  1507.32-1942.35= -435.03

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK NOV 30, 2010

On Monday, market opened positive and traded in the range with buying in almost all the indices and closed up in green. Oil & Gas sector attract the major buying interest in the market. Moreover the move in market was just a relief rally for the last week fall in the market. Volume for the day was quite low then previous trading session. Market breadth was positive. Midcap Index small caps index closed up in green.

The Short term trend will turn positive above the level of 5830.
For the day, the level of 5785 and 5755 may act as a major support for the market and the level of 5870 and 5895 may act as a major hurdle. 

"Spot Levels" Day trader can go long on nifty above 5870 with stop loss 5740 for target 5895 / 5920 and can go short below 5785 with stop loss 5815 for target 5755 / 5730.

Index Range

Nifty: 5830
Range: 5755-5895
Resistance: 5870-5895-5920
Support: 5785-5755-5730

Bank Nifty: 11828.30
Range: 11580-12125
Resistance: 11905-12015-12125
Support: 11795-11690-11580

Short term: Down (5830)
Medium term: Down (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  3327.76-3171.56= +156.20
DII:  1473.24-1273.91= +199.33

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Off Topic : Santa & Banta Jokes : Enjoy

Santa ki chatri me hole tha, kisine pucha, umbrella mein hole kyu?
Sardar bola: Oye barish ruk jayegi to pata kaise chalega

Santa: Why has the Govt. fixed voting age 18yrs & marriage age 21yrs?
Banta: Govt. ko pata hai ki desh sambhalna aasan hai, lekin biwi ko nahi

Santa bada dukhi tha, kisi ne pucha itni tension me kyon ho?
Santa: Ek dost ko 3 lac plastic surgery k liye diye the, ab use pehchan nahin pa raha 

Driver: Sir ji, petrol khatam ho gaya , gaadi aage nahi ja sakti.
Banta: Chalo Phir, wapis le chalo

Banta: Kal Muje 10 logo ne Peeta.
Santa: Phir tune kya kiya?
Banta: Maine kaha salon ek-ek karke aao.
Santa: Phir?
Banta: Phir kya, Salon ne ek-ek karke dubara Peeta !

Inspector to Banta: Faansi se pehle, bata teri antim ichha kya hai?
Banta: Mere pair upar aur sir neeche kar k faansi de do..!

NIFTY WEEKLY & DAILY OUTLOOK NOV 29, 2010

As advised last Monday use rally to cut long position and look for buying only above the level of 6130 and below 5930 market will move for level of 5500-5600 with minor support at 5825, market made the move same way and made a low of 5690. For this week if market remains below the level of 5830 will attract fall upto level of 5500-5600. Short term trader should look for buying only above level of 5930 however one can use rally for selling till the time market remain below level of 5930. Long and medium term trader should use this correction for value buying of fundamentally strong counters.

The Short term trend will turn positive above the level of 5830.
For the day, the level of 5730 and 5705 may act as a major support for the market and the level of 5785 and 5810 may act as a major hurdle. 

"Spot Levels" Day trader can go long on nifty above 5785 with stop loss 5755 for target 5810 / 5840 and can go short below 5730 with stop loss 5760 for target 5705 / 5675.

Index Range

Nifty: 5751.95
Range: 5705-5810
Resistance: 5785-5810-5840
Support: 5730-5705-5675

Bank Nifty: 11666.90
Range: 11505-11835
Resistance: 11725-11780-11835
Support: 11615-11560-11505

Short term: Down (5830)
Medium term: Down (5930)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  4332.25-4961.02= -628.77
DII:  2870.67-1911.26= +959.41

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Some Facts of MOIL Limited (MOIL) - IPO price band at Rs 340-375 - Recommends "Subscribe"

MOIL Limited (MOIL), a Miniratna public sector unit, incorporated in 1896, is India's largest producer of manganese ore by volume. The company has access to 21.9 million tonnes of proved and probable reserves and a total of 69.5 million tonnes of inferred indicated mineral resources out of the total domestic manganese resources of 378.6 million tonnes. It derives 51.5% of its revenue from top 10 customers with Maharashtra Elektrosmelt Ltd and Bhilai Steel plant accounting for 22.1% revenue share.

MOIL operates 10 mines located in the Nagpur and Bhandara district of Maharashtra and in the Balaghat district of Madhya Pradesh. Out of which 7 mines are underground and 3 mines are open cast mines. The company is engaged in the production of manganese ore and other value added products like Electrolytic Manganese Dioxide (EMD) and Ferro Manganese.

Key Investment Highlights
Favorable demand- supply scenario
On the back of a 9.2% CAGR in the domestic steel consumption demand for Managanese is expected to more than double from 2.4 mt to ~ 5 mt by FY12. Approximately 90% of the Manganese ore is used in steel production and with India being a net importer of manganese, the company is well placed to benefit from the demand supply mismatch.

Largest producer of Manganese ore; high reserve baseMOIL is the largest producer of Manganese Ore in India (516,749 tonnes for H2FY11) and accounts for almost 50% of India's total production. It has access to significant resources and reserves and 55% of its proved and proven resources have average manganese content of 40% or higher, 27.5% of its proved and proven resources have average manganese content of 36-39.9%. This combines favorably with the Indian manganese reserves, 51% of which are of low or mixed grade.

Eyeing Overseas Acquisitions to expand resource baseWith the limited manganese
reserves in the country and on the back of growing steel demand, MOIL is all set to expand its resource base. MOIL along with NMDC, India's largest iron ore producer, is exploring opportunities in South Africa, Congo & Turkey to expand its resource base. Besides manganese, MOIL is also diversifying its product portfolio and eyeing nickel & chromite properties abroad.

Low cost of mining and huge cash reserves make for compelling financials

MOIL is a low cost producer of managanese with the average cost of mining of Rs 2058 per tonne. Its debt free capital structure with cash reserves of Rs 17,629 million provides it sufficient resources to fund its expansion and acquisition plans, support the working capital requirements.

The Empowered Group of Minisiters (EGoM) has fixed MOIL (former Manganese Ore India) IPO price band at Rs 340-375.

The IPO (initial public offering) will open for subscription from November 26. The company will raise Rs 1238 crore from the primary markets.

The government will offload 20% stake in MOIL, in which Central Government will offload 10% stake and Madhya Pradesh Government will to offload 5% and Maharashtra Government to will offload 5% stake. Retail investors, employees will get 5% discount.

Recommends "Subscribe"

OM SHRI GANESHAYA NAMAH

FOUR STOCKS WE ARE BETTING ON THIS TIME : ACCUMULATE ON DIPS

BALRAMPUR CHINI

HCC

LITL

DELTACOP

keep accumlating on dips

OM SHRI GANESHAYA NAMAH

NIFTY SHORT ACCUMULATED UPDATE

NOW WE ARE JUST LEFT WITH 25 % OF SHORT POSITION ACCUMULATED

FROM 5650>>>>>6300 AND THEN 6300>>>5700
OUR STOPLOSS FOR REMAINING SHORT POSITION WILL BE 5825 CLOSING BASIS ON NIFTY SPOT

FOR TARGET 5600-5500

IF MANAGE TO CLOSE ABOVE 5825 THEN SOME SIGN OF RECOVERY

OM SHRI GANESHAYA NAMAH

NIFTY OPTION JACKPOT CALL

NIFTY OPTION JACKPOT CALL BUY IN EQUAL QTY

5500 PUT CMP 50 AND 6000 CALL CMP 65

COST 115 TARGET 170 / 210

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK NOV 26, 2010

On Thursday, market opened higher and traded in a small range during first half of trading session, however in final hour of trading session selling came in cross almost all the indices which led the market break and close down below support level of 5825. Realty attracts major sell-off whereas IT sector attract good buying. Volume for the day was record high. Market breadth was negative. Midcap Index and Small caps Index closed nearly 2% down in red.
For the day, the level of 5780 and 5750 may act as a major support for the market and the level of 5835 and 5865 may act as a major hurdle. 

The Medium term trend will turn positive above the level of 5960.

"Spot Levels" Day trader can go long on nifty above 5835 with stop loss 5805 for target 5865 / 5890 and can go short below 5780 with stop loss 5810 for target 5750 / 5725.

INDEX RANGE

NIFTY: 5799.75
Range: 5750-5865
Resistance: 5835-5865-5890
Support: 5780-5750-5725

BANK NIFTY: 11652.40
Range: 11445-11840
Resistance: 11725-11780-11840
Support: 11560-11505-11445

Short term: Down (6130)
Medium term: Down (5960)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  6385.61-7593.73=-1208.12
DII:  2574.62-2376.85=+197.77

All Above Spot Levels

OM SHRI GANESHAYA NAMAH