Market Analysis & Advise
Updated Dynamically
Email: deveshchandramisra@gmail.com
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24/Nov/09

During the Market:
03.40 pm. Nifty has closed at 5090 amidst intervening profit taking bouts, but more or less the session was consolidation type. The global markets were negative in-spite of it Nifty could manage at this type of closing speaks of strength and mood. The market breadth remained negative for most part of the session. The top gainers were MARUTI, BHARTIARTL, BPCL,  M&M & HEROHONDA, while the top losers were TATASTEEL, JINDALSTEL, IDFC, POWERGRID & RELINFRA.

02.25 pm.
Nifty at 5085 and Advance/Decline at 17/33 denoting a negative market breadth. Its leading towards the flat closing. The top gainers are M&M, MARUTI, BPCL, BHARTIARTL & HEROHONA, while the top losers are IDFC, JINDALSTEL, TATASTEEL, ITC & STER.

12.46 pm.
Nifty is trading in the negative zone at 5068 and has made a low of 5053. It appears another day of consolidation.

11.01 am.
Nifty Opened on a positive note and touched a high of 5112 but could not sustain and dropped down to make a low of 5084 and thereafter is trading at 5100. The Advance/Decline at 26/24. The top gainers are MARUTI, M&M, BHARTIARTL, CIPLA & HEROHONDA, while the top losers are POWERGRID, IDFC, JINDALSTEL, HDFCBANK & GAIL.
Pre Market Analysis 09.00 am.
  • Global cues are positive.
  • Crude Oil stable at $ 77.30 per barrel.
  • USD vs INR  is also stable at Rs. 46.425/Dollar.
  • Nifty in over bought zone may experience sideways movement or a breakout above 5190.
  • Expected High/Low 5180,5220/5110,5080.
  • Wait and watch, book part profits at levels above 5210.

23/Nov/09

During the Market:
03.40 pm. Nifty closed at 5103 recording a gain of 51 points over previous close. Nifty consolidated from strength to strength helped by positive global sentiment particularly European. Most of the session was consisting of sideways movement but the market breadth remained positive throughout.The top gainers were HCLTECH, GAIL, CIPLA, TATASTEEL & ITC, while the top losers were BHARTIARTL, IDEA, JPASSOCIAT, RCOM & UNITECH.

02.21 pm.
Nifty at 5099 with a positive market breadth, Advance/Decline at 35/15. The top gainers are HCLTECH, RLIANCE, ITC, ACC & CIPLA, hile the top losers are BHARTIARTL, IDEA, SUZLON, JPASSOCIAT & POWERGRID.

10.17 am.
Nifty has opened with mild strength, after touching a high of 5085 its trading at 5070 making effort to keep the morning gains. The Advance/Decline is at 37/13. The top gainers are GRASIM, CIPLA, RELIANCE. NTPC & SIEMENS, while the top losers are BHARTIARTL, HINDALCO, IDEA, INFOSYSTCH & RCOM.
Pre Market Analysis 09.00 am.
  • Global cues are JUST negative.
  • Crude Oil is stable at $77.47 per barrel.
  • USD vs INR has become marginally harder at Rs.46.445
  • Sideways movement with marginal gains possible.
  • Expected High/Low 5090,5130,5180/5030,5010
  • Wait for Nifty to breakout above 5220 or break down below 4960 for any positions.

 

20/Nov/09

During the Market:
03.40 pm. Nifty after a week long of ups and down has come back to square one at 5052 with a gain of 63 points over previous close. The short covering resulted in pull back in the last part of the session. The recovery was fueled by positive opening of European bourses. The market breadth also turned positive with Advance/Decline rising to 41/9. The top gainers were ACC, SAIL, HINDALCO, M&M & JPASSOCIATES, while the top losers were RELCAPITAL, SUZLON, RPOWER, BHARTIARTL & HCLTECH.

02.22 pm.
Nifty moved daylong in the negative touching a low of 4932 but in the last one hour has spurted not only to trade in positive but to record a high of 5045. The market breadth has turned positive with Advance/Decline at 37/13. The top gainers are ACC, HDFC, SAIL, BPCL & HINDALCO, while the toplosers are SUZLON, RELCAPITAL, BHARTIARTL, RPOWER & UNITECH.

12.01 pm. This appears another dreary day of consolidation, Nifty has been moving in a range for quite some time listlessly.

10.02 am.
Nifty has opened with weakness in conformity with the global  cues. Nifty has made a low of 4946 and is trading at 4966 with negative market breadth. The top gainers are SUZLON, POWERGRID, CIPLA, BPCL & NTPC, while the top losers are UNITECH, RELINFRA, ICICIBANK, DLF & M&M.
Pre Market Analysis 09.00 am.
  • Global cues are clearly negative.
  • Crude Oil has dropped to $ 77.68 per barrel.
  • USD vs INR has weakened to Rs.46.565 /Dollar.
  • Nifty may behave contrarily after initial dip.
  • Expected High/Low 5030,5070/4930,4910
  • Buy on dips.

 

19/Nov/09

During the Market:
03.40 pm. Nifty closed at 4989 with a loss of 65 points, it made a low of 4963. The global weakness took its toll by pulling Nifty down coupled with profit taking. The market breadth continuously remained negative throughout the session along-with the Advance/Decline ratio. The sentiment was also further hurt with European counterparts opening in the red. The top gainers were SUZLON, ACC, POWERGRID, HDFC & HINDUNILVR, while the top losers were UNITECH, JPASSOCIAT, RELINFRA, SIEMENS & DLF.  

02.59 pm. This is the time to do the cherry-picking specially in Reality stocks (UNITECH, DLF).

02.47 pm.
Nifty breaching all supports have dipped to make a low of 4968 amidst continued selling. The markets have turned absolutely negative with Advance/Decline at a dismal low of 2/48, loosing the hopes of recovery. Its a clear cut sell-off. The next halt for Nifty appears to be at 4950 if short covering doesn't takes place in the last half hour.

01.44 pm.
Nifty is at 5023 after making a low of 5008 and market breadth has turned negative with Advance/Decline declining to 11/39. The top gainers are SUZLON, HINDALCO, ACC, POWERGRID & RPOWER, while the top loses are
JPASSOCIAT, HCLTECH, SIEMENS, UNITECH & DLF. The short covering is very likely towards the end of the session.

12.55 pm.
After a day long traversing in negative zone Nifty may pull back to near previous close to complete another day of consolidation.

12.01 pm.
Nifty is trading at 5039 after making a low of 5017. The market breadth is negatively inclined with Advance/Decline at 22/28. The top gainers are SUZLON, RANBAXY, RPOWER, TATAMOTORS & TATASTEEL, while the top losers are JPASSOCIAT, HCLTECH, SIEMENS, UNITECH & BPCL.

10.03 am.
Nifty has opened subdued and has made a low of 5036 with just negative market breadth. The Advance/Decline is poised at 23/27. The top gainers are RANBAXY, RPOWER, HEROHONDA, SUZLON & CIPLA, while the top losers are ICICIBANK, HCLTECH, BPCL, ONGC & INFOSYSTCH.
Pre Market Analysis 09.00 am.
  • Global cues are mixed.
  • Crude Oil is at $ 79.69 per barrel.
  • USD vs INR is stable at Rs.46.225 /Dollar.
  • Nifty remains in overbought zone but with flattish outlook. The upside may face resistance at 5120,5160.
  • Expected High/Low 5070,5090,5110/5010,4990.
  • Best would be to wait for clearer movement, avoid taking fresh positions, book part profits at around 5110.

 

18/Nov/09

During the Market:
03.40 pm. Nifty closed almost flat at 5054 losing 7 points over previous close. The top gainers being IDFC, TATAMOTORS, JINDALSTEL, RANBAXY & ABB, while the top losers were RELINFRA, SUNPHARMA, ICICIBANK, LT,& RELIANCE. It was a grilling session for investors with little to do.

03.22 pm.
Nifty at 5056 with flattish Advance/Decline at 24/26. The top gainers are IDFC, TATAMOTORS,
JINDALSTEL, ITC & RELCAPITAL, while the top losers are RELINFRA, LT, SUNPHARMA, ICICIBANK & RELIANCE.

02.20 pm.
It has turned out to be a boring session with lackluster trading. Nifty operating in a strictly range-bound manner. The market breadth has remained fairly constant.

01.45 pm.
Nifty at 5049 and Advance/Decline at 29/21. The top gainers are IDFC, RELCAPITAL, TATAMOTORS, JINDALSTEL & RANBAXY, while the top losers are RELINFRA, LT, ICICIBANK, SUNPHARMA & RELIANCE.

12.29 pm.
Nifty is oscillating in 40 points channel since opening. The market breadth is positively inclined with Advance/Decline at 33/17. Choppiness is the theme of the day coupled with traders' indecisiveness.

11.43 am.
Nifty has again dipped in negative region and has come down to 5054 after making a new high of 5079, with Advance/Decline at 29/21. The top gainers are WIPRO, CIPLA, RANBAXY, IDFC & SAIL, while the top losers are RELINFRA, LT, STER, ICICIBANK & RELIANCE.

10.40 am.
Nifty opened weak but formed double-bottom which is very positive for the session. Nifty has made a high of 5074 and may continue with the positive trend. The market breadth is positive with Advance/Decline at 30/20. The top gainers are CIPLA, IDFC, TCS, WIPRO & RANBAXY, while the top losers are BPCL, RELINFRA, AMBUJACEM, LT & STER.

Pre Market Analysis 09.00 am.
  • Global cues are mixed with positive bias.
  • Crude Oil has improved to $ 79.62/barrel.
  • USD vs INR has weakened to Rs. 46.24/Dollar.
  • Nifty remains in over bought region but still has positive bias, it may record modest gains and will tend to remain flat.
  • Expected High/Low 5080,5110/5040,5010,4980
  • Buy if Nifty dips below 5000 else wait-n-watch.
  • UNITECH<80 becomes attractive for mid-term.

 

17/Nov/09

During the Market:
03.40 pm. Nifty saw a bout of short covering near the end of the session after remaining in the red and subdued for the entire day. Nifty closed at 5062 nearly flat. The top gainers were RELCAPITAL, TCS, HEROHONDA, INFOSYSTCH & RELINFRA, while the top losers were  DLF, IDEA, ONGC, ACC & RCOM.

02.02 pm.
The weakness of Asian market is overshadowing Nifty which is trading very subdued at 5021 with negative market breadth. The Advance/Decline is at 11/39 with reality stocks taking their toll. European markets have opened in the red after yesterday's positive performance.

12.20 pm.
Nifty is forming new lows amidst negative market breadth. Nifty has dipped to 5011 with Advance/Decline dipping to 11/39. Reality stocks are leading the decline.

11.28 am.
Nifty has made a new low at 5032 and is trading at 5038, with Advance/Decline at 17/33 defining a negative sentiment inspite of good US and European cues. The top gainers are RELCAPITAL, HEROHONDA, TCS, INFOSYSTCH & WIPRO, wjile the top losers are DLF, UNITECH, SUNPHARMA, IDFC & SUZLON. The markets are ruling subdued.

10.10 am.
Nifty opened with positivity and touched 5074, but could not sustain and went down to make a low of 5034. Now its trading at 5046 with negative market breadth, the Advance/Decline is at 19/31. The top gainers are INFOSYSTCH, TCS, WIPRO, JPASSOCIAT & SAIL, while the top losers are SUNPHARMA, SUZLON, UNITECH, DLF & SBIN.
Pre Market Analysis 09.00 am.
  • Global cues are mixed with positive bias.
  • Crude Oil is at  $ 78.55/barrel.
  • USD vs INR has corrected to Rs. 46.165/Dollar.
  • Nifty is in over-bought zone may move sideways with moderate gains.
  • Expected High/Low 5120/5050.
  • Book part profits at high (above5110).


16/Nov/09

Post-Market Review:
Today Nifty closed on a positive note at 5058 up nearly 59 points over previous close. During the session it became listless as there was narrow movement. Nifty opened on a positive note and held on to its gains aided by positive global cues.

The market breadth was positive with Advance/Decline at 41/9. The top gainers were SUZLON, RPOWER, MARUTI, DLF & HEROHONDA, while the top losers were HCLTECH, TCS, POWERGRID, NTPC & INFOSYSTCH.

Nifty is experiencing a liquidity driven rally and this may continue for this quarter.


 

13/Nov/09

During the Market:
11.52 am. Nifty has made a new high of 5009 with wide market breadth with Advance/Decline at 44/6. The top gainers are JINDALSTEL, HCLTECH, TATASTEEL, HEROHONDA & MARUTI, while the top losers are JPASSOCIAT, SUZLON, GAIL, CAIRN & IDEA.

10.30 am.
Nifty opened weak but quickly recovered and went up to 4985 with good market breadth.

Pre Market Analysis 09.00 am.
  • Global cues are mixed with negative bias.
  • Crude Oil is at $ 77.05 per barrel.
  • USD vs INR has weakened to Rs. 46.575 per Dollar.
  • Nifty is in over bought zone and may have negative bias but close can be moderately higher. The price movements may have bigger range.
  • Expected High/Low 4990,5010/4888.
  • Buy at dips below 4900 otherwise wait & watch.

 

12/Nov/09

During the Market:
03.40 pm. Nifty closed at 4952  a loss of 51 points over previous close. For most part of the session the market breadth remained negative and the trading was lacklustre. The global cues also turned negative.

02.13 pm.
Nifty is trading choppy with flattish outlook in concurrence to global cues at 4990. The Advance/Decline is absolutely flat at 25/25. The top gainers are SUZLON, IDEA, RCOM, SUNPHARMA & TCS, while the top losers are UNIECH, ICICIBANK, SBIN, TATASTEEL & DLF.

01.25 pm.
Nifty is choppy with negative bias. The market breadth is by and large negatively inclined with 21 leading and 29 declining. The top gainers are IDEA, RCOM, SUZLON, SUNPHARMA & WIPRO, while the top losers are UNITECH, RELCAPITAL, ICICIBANK, TATASTEEL & DLF.

11.25 am.
Nifty has made a new low of 4972 and the market breadth is even with Advance/Decline at 24/26. The top gainers are IDEA, RCOM, BHARTIARTL, SUZLON & SUNPHRMA, while the top losers are UNITECH, TATASTEEL, JPASSOCIAT, RELCAPITAL & STER.

10.10 am.
Nifty opened flat and made a high of 5010 but could not sustain and dropped down to 4982 with Advance/Decline at 21/29. The top gainers are SUZLON, IDEA, MARUTI, DLF & INFOSYSTCH, while the top losers are TATASTEEL, POWERGRID, JPASSOCIAT, HDFC & UNITECH. Nifty is likely to spike from here onwards.

Pre Market Analysis 09.00 am.
  • Global cues are flatly positive.
  • Crude Oil is at $ 79.14 per barrel.
  • USD vs INR has strengthened to Rs.46.295 /Dollar.
  • Nifty may exhibit increased choppiness with positive bias. It can spike but may end with marginal gains.
  • Expected High/Low 5090,5130/5002,4980.
  • Book part profits at day's high and accumulate at lows.

 

11/Nov/09

During the Market:
03.40 pm. Nifty closed at 5003 with a gain of 122 points recording a growth of 2.5% over previous close. After a brief negative opening Nifty steadily and continuously forged ahead with wide and positive market breadth. It surpassed the psychological barrier of 4950 confidently and continued its northward journey. The top gainers were STER, RELINFRA, JPASSOCIAT, HCLTECH & TATASTEEL, while the top losers were just three BPCL, IDEA & CAIRN.

02.53 pm. Buying across the board is happening, and when small indices start rising its time to book systematic profits.

02.17 pm.
Nifty is moving steadily and confidently from strength to strength. It has crossed the resistance of 4950 comfortably and is now trading at 4970. The Advance/Decline is poised positively at 44/6. The top gainers are STER, JPASSOCIAT, TATATMOTORS, RELINFRA & HCLTECH, while the top losers are BPCL, SUZLON, MARUTI, CAIRN & TATAPOWER.

Due to a technical snag updates were not possible, we regret the inconvenience..

10.38 am.
Nifty on opening went down to 4870 then started the recovery and made a high of 4903. Currently it is trading at 4899 with Advance/Decline at 30/20. The top gainers are STER, TATAMOTORS, WIPRO, RELINFRA & IDFC, while the top losers are SUZLON, MARUTI, IDEA, UNITECH & RCOM.
Pre Market Analysis 09.00 am.
  • Global cues have started to be negative.
  • Crude Oil is stable at $ 79.14 per barrel.
  • USD vs INR improved to Rs. 46.535 per Dollar.
  • Nifty likely to behave contrarily to the global clues and may close near the day's high but not much improvement over yesterday's highs.
  • Expected High/Low 4950/4870
  • Book part profits at levels around 4950 and buy near day's low around 4870.


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