Post Market Final New Sr Levels

8/9/2019 Post Market Final New Sr Levels

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POST MARKET UPDATE May 27th 2010

Close Pts ch

BSE Sensex 16666.40 278.

S&P CNX NIFTY 5003.10 85.

CNX NIFTY JUNIOR 10459.75 104.

CNX IT 5713.60 39.

BANK NIFTY 9258.45 230.

CNX 100 4959.80 79.

S&P CNX DEFTY 3665.45 65.

S&P CNX 500 4125.75 55.

CNX MIDCAP 7549.35 75.1

Domestic indices as on 27-05-2010

NSE BSE

Advances 0

Declines 0 166

Unchan ed 49 112

Advance/Declines as on 27-05-2010

Stock Close % Chang

RPOWER 155.40 6.8

TATAMOTORSE 749.95 5.7

STER EQ 645.05 4.6

AXISBANK 1209.00 4.5SUN PHARMA. 1635.00 4.1

Gainers as on 27-05-2010

Stock Close % Chang

A.C.C. 820.00 -1.2

POWERGRID 102.00 -1.1

IDEA 49.60 -1.1

SUZLON 58.15 -1.0BHARTIARTL 261.45 -0.8

Losers as on 27-05-2010

For Private Circulation only 1

Nifty ends strong for 3rd consecutive day, surges 259 pts

The benchmark Nifty closed strong for the third consecutive day onthe back of short covering and positive global cues. The indexrallied 259 points in three days and closed above the 5050 levelwhile for the week it gained just 134 points. The Sensex closed at16863, up 196 points and the Nifty was at 5066, up 63 points, asper provisional data. The benchmark indices strengthened againafter some consolidation with positive bias. Metal and realty rallied4% each. Among the others, FMCG, Auto and Power indicesgained 1-1.8%. European markets also moved up further and

gained 0.4-0.6% after flat trade since opening. Heavyweights likeReliance Industries, ONGC, NTPC, SBI, TCS, ICICI Bank andBHEL were quite supportive today.The market breadth waspositive; about 2005 shares advanced while 903 shares declinedon the BSE. Nearly 390 shares were unchanged.

MARKET COMMENTARY

CORPORATE UPDATES

Housing Development & Infrastructure jumped after net profit surged 187.20% to Rs 177.84 crore on

19.50% increase in total income to Rs 464.46 crore in Q4 Mar10 over Q4 Mar09. On a consolidated basis,

net profit declined 27.40% to Rs 566.57 crore on 13.80% decline in total income to Rs 1536.63 crore in

the year ended March 2010 over the year ended March 2009.

ITC hits all-time high as the company may announce bonus issue after a gap of five years. The stock hit

a high of Rs 282.20, which is also its all-time high. It hit a low of Rs 271.80 so far during the day. The

stock had hit a 52-week low of Rs 179.35 on 27 May 09.On a consolidated basis, ITC's net profit 25.4%

on 15.6% increase in net sales to Rs 19135.87 crore in the year ended Mar10 over Mar09.

Sun shines on Sun TV Network after its net profit surged 29.8% to Rs 567.38 crore on 31.69% rise in

total income to Rs 1437.52 crore in the year ended March 2010 over the year ended Mar09. The stock

had hit 52 week high of Rs 453 on 18 May 2010 and a 52-week low of Rs 210 on 13 Jul09.The South

based television broadcaster has an equity capital of Rs 197.04 crore. Face value per share is Rs 5.

Amtek India in top gearas Amtek Auto bought 26.25% stake in the company through block deals on the

Bombay Stock Exchange at an average price of Rs 64.83 a share.Amtek Auto said it has entered into adeal with promoters of Amtek India to acquire 5.07 crore shares, representing a little over 40% stake in

'


2/5

Source: Spider Software


NIFTY WATCH

CONSOLIDATION LIKELY IN MARKETS.CONSOLIDATION LIKELY BETWEEN 5000 5200.

Majority of stocks could be forming a base building kind of pattern before they try and rally from these levels.

So consolidation is the need of the hour. Big moves on upside cant happen without proper consolidation and

accumulation at relatively lower levels. We can expect the market to consolidate between 5050-5200

The period of consolidation is the difficult period to trade as the bulls and bears would slug it out. Strategy for

short term as wells as medium investors is to accumulate stocks on dips and being stock specific would help.

The short term trend is down but long term trend is bullish. Long tern support seen between 4950- 5000 levels.


3/5

SUPPORT 2 SUPPORT 1 RESIST 1 RESIST 2

Nifty Future 4853.43 4928.27 5004.00 5047.27 5091.43 BUY MODE 49

ACC 792.67 806.33 820.00 836.33 852.67 SELL MODE 8

Axis Bank 1117.87 1163.43 1209.00 1238.28 1267.57 SELL MODE 12

Bharti 253.95 257.70 261.45 265.10 268.75 SELL MODE 2

BHEL 2214.03 2253.97 2293.90 2335.42 2376.93 SELL MODE 23

Dlf 258.33 265.07 271.80 275.17 278.53 SELL MODE 2

GAIL 436.68 445.12 453.55 458.47 463.38 BUY MODE 4HDFC 1770.42 1825.83 1881.25 1921.83 1962.42 BUY MODE 18

HDFC Bk 2622.80 2691.40 2760.00 2809.30 2858.60 BUY MODE 27

Icici Bk 821.33 841.17 861.00 872.92 884.83 BUY MODE 8

Infosys 2569.13 2612.07 2655.00 2680.97 2706.93 BUY MODE 26

Jindal Steel 612.30 618.90 625.50 630.40 635.30 SELL MODE 6

JP Associate 118.03 121.67 125.30 127.12 128.93 BUY MODE 1

Lnt 1590.17 1609.08 1628.00 1642.83 1657.67 BUY MODE 16

Maruti 1167.00 1200.75 1234.50 1258.50 1282.50 BUY MODE 12

NTPC 189.10 193.05 197.00 199.90 202.80 SELL MODE 2

ONGC 1035.90 1073.80 1111.70 1144.80 1177.90 BUY MODE 10

Rcom 131.08 134.97 138.85 141.57 144.28 SELL MODE 1

Reliance 627.80 634.90 642.00 649.30 656.60 SELL MODE 6

Rel Infra 991.85 1008.20 1024.55 1034.30 1044.05 BUY MODE 10

Rel Capital 1007.23 1032.67 1058.10 1074.27 1090.43 BUY MODE 10

SAIL 2121.75 2176.90 2232.05 2267.60 2303.15 SELL MODE 22

Sbi 191.27 195.43 199.60 201.83 204.07 SELL MODE 2

Sterlite 607.02 626.03 645.05 659.03 673.02 SELL MODE 6

Suzlon 56.58 57.37 58.15 59.02 59.88 SELL MODE

Tata Motors 1201.40 1222.70 1244.00 1260.15 1276.30 SELL MODE 12

Tata Power 689.25 719.60 749.95 765.15 780.35 BUY MODE 7

Tata Steel 465.20 480.70 496.20 504.55 512.90 SELL MODE 5

TCS 717.02 729.58 742.15 752.33 762.52 BUY MODE 7

Hot Tech Update for 28-05-2010

REVERSALCLOSE (RS)STOCKS MODESUPPORT RESISTANCE

Note:*This table is meant for information of support and resistance. It is valid for the day mentioned.*The rates displayed are of NSE spot markets unless future is mentioned in the names.


HOT TECH UPDATE


4/5

POSITIONAL CALL : BUY IFCI

Source: Spider

POSITIONAL CALL:

BUY AT CURRENT MARKET PRICE OF 52 TGT NEAR 62-74 STOP AT 47


RECOMMENDATIONS: STOCK TRENDS


5/5

Research Contact:

Visweswaran Natrajan (Research Head )

Bhuvnesh Sharma (Research Analyst) : 022 3063 7505

Email : [email protected] om

Progressive Share Brokers Pvt. ltd

122,123,124 Laxmi Plaza, Laxmi Industrial Estate, Andheri (W), Mumbai 400053

Ph: 022 -30637500, Fax: 022 26305357, E-mail:[email protected], www.progressiveshares.com

Source: Spider Software


STOCK UPDATE: SHREE RENUKA

Shree Renuka Sugar spurts on buzz Equipav deal

turns sourShree Renuka Sugars rose on reports the company's

billion-dollar acquisition of the world's largest sugar

producer is on the verge of collapsing. The stock surged

as concerns of assuming huge debt in the books of the

firm arising from the large acquisition, receded. According

to reports, the talks between Shree Renuka and Brazil's

Equipav Group whereby the former had agreed to buy

51% stake the latter, have fallen through. Reports

suggest that there are two other potential bidders in the

race for acquiring the Brazilian sugar major. US-listed

agro-processing giant Bunge and Hong Kong-based

diversified commodities trading group Noble Group have

initiated talks with the Equipav management for the

majority stake, reports suggest. Meanwhile, Shree

Renuka is reported to have revised its earlier offer for the

controlling stake in Equipav by least a 25%.

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Post Market Final New Sr Levels

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