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Saturday, May 22, 2010

EOD ANALYSIS ( IMPORTANT COMPANY'S)

Scipt Name = SBIN ,Last Close = 2264

Action Signal Price StopLoss Target1 Target2 Target3
Buy 2286.64 2196.08 2331.92 2377.2 2467.76
Sell 2218.72 2309.28 2173.44 2128.16 2060.24

FNO UPDATES for SBIN

Settlement Price 2264.2
No of Contracts Traded 21614
Todays Volume in Lakh 64025.04
Total Open Interest 32283
Change in Open Interest 30492








 

GLOBAL TREND

The stock market had another tumultuous ride this week as disarray in Europe heightened fears of a global economic slowdown. Despite a late-day comeback on Friday, major stock indexes are down about 10 percent from the peak they reached in late April.

Declines of that size are known as a "correction." They are normal during a bull market and are even seen as a healthy way for a market to regain its bearings after a long period of uninterrupted gains. The correction that started this week is the first for the bull market that began in March of last year.
Whether the correction has mostly run its course or turns into a bear market, defined as a decline of 20 percent or more, is anyone's guess. Stock indexes ended with solid gains Friday after starting the day lower and dipping below 10,000; the Dow closed up 125 points.
The Dow Jones industrial average plunged 376 points Thursday, its worst one-day drop in more than a year. Stocks are now about where they were in early February and down 2 percent for the year.
Jacob Gold, a financial adviser and CEO of Jacob Gold & Associates in Scottsdale, Ariz., says the market collapse of 2008 is fresh in the memories of clients who have been peppering him with calls and e-mails this week.
"They're second-guessing themselves because they don't want to end up giving the economy the benefit of the doubt and having it hurt them," he said. "People are still licking their wounds from 2008 and they're not in a position to put themselves at risk like they once did."
The immediate catalyst for this week's sharp declines was deepening confusion over how Europe intends tget control of its public finances, restore order to financial markets and instill confidence in the continent's shared currency, the euro.
Germany broke ranks from its European neighbors this week, single-handedly reining in speculative trading in European bonds. And on Friday it was rebuffed in its calls for harsh punishments for European countries that consistently flout rules on fiscal spending limits.
Greece is struggling to cope with staggering debt, and investors fear it could end up dragging other economically weak European countries down with it. If Europe's banks crack down on lending, the thinking goes, other banks around the world could follow suit, tripping up economies around the world.
The unsettling news from Europe this week also reminded investors how tepid the U.S. economic recovery really is in historical terms. Gross domestic product rose at an annual rate of 3.2 percent in the first three months of the year, but that's not nearly as strong of a comeback as is typical after a deep recession. Companies also aren't hiring that much, unemployment is still 9.9 percent and the housing market hasn't recovered from its slump.
"Normally you would get a much stronger snapback," said Paul Ballew, chief economist at Nationwide Insurance in Columbus, Ohio, and a former senior economist with the Federal Reserve. "Given the magnitude of the downturn, growth should be much stronger than that already."
U.S. markets opened lower again on Friday, but a rally in financial shares helped stocks move higher. JPMorgan Chase & Co. and Bank of America Corp. were the biggest gainers in the 30 stocks that make up the Dow Jones industrial average. They and other financial shares rose after the Senate passed long-awaited financial reform legislation, removing a significant overhang for U.S. banks.
In other signs that some investors were regaining an appetite for risk, the price of ultra-safe Treasury securities edged lower after spiking on Thursday, the dollar edged lower, commodity prices stabilized and gold prices fell.
The Dow rose 125.38, or 1.3 percent, to 10,193.39. The broader Standard & Poor's 500 index rose 16.10, or 1.5 percent, to 1,087.69. The Nasdaq composite index rose 25.03, or 1.1 percent, to 2,229.04.
About three stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume was 8.1 billion shares, versus 8.5 billion shares Thursday.
The Dow fell below 10,000 during early trading Friday before recovering. It last fell through that level on May 6, when it briefly plunged nearly 1,000 points in an afternoon rout that was its biggest intraday slide. Regulators have said they are still unclear on what caused that brief plunge.
The three-week slide since the market hit its recent peak in late April has shaved $1.3 trillion of value from the S&P 500 index in the 19 trading days through Thursday. That's more than the $1 trillion Europe and the International Monetary Fund pledged to shore up weak European economies.
On the positive side, traders said it was encouraging to see that the S&P 500 came close to, but didn't fall below the level it touched on Feb. 8, its lowest point it reached so far this year. Market analysts pay close attention to technical indicators like that one, which they call "support levels."
With this week's bumpy ride and the "flash crash" of two weeks ago, investors are struggling to make sense of all the factors whipsawing the market.
"Uncertainty is driving investors' money right now," said Andrew B. Busch, global foreign currency and public policy strategist at BMO Capital Markets. "There are so many unresolved issues — Europe's debt crisis, the flash crash, financial reform — and nobody knows how it's going to play out."
The Nasdaq composite index, which is dominated by technology stocks, has been more volatile than the broader market in the last week. Tech stocks tend to recover faster after a recession than those of other industries because businesses will often ramp up spending in computer equipment early in an economic recovery.By the same token, those companies may be the first to feel the pinch if negative economic signs lead businesses to tighten their purse strings. Some money managers say the Nasdaq's decline may be overdone.
"I think a lot of good technology companies are being taken down unnecessarily in the latest downdraft," said Michael Cuggino, president and portfolio manager at Permanent Portfolio Family of Funds in San Francisco. "That may present some interesting opportunities."

Mkts see sharp intraday recovery

4,900 by itself is not relevant, says Parag Doctor of krsnacapital.com. “We have held 4,950 twice in the last ten days or so before we broke it couple of days back. That is a level which is to be watched and today’s high is around those levels. So for a rally to emerge, we have to at least get pass 4,950. We are at an important psychological level. The 10% correction that we have had is in line with the global markets.”

    “We are still in an intermediate down trend,” says Sudeep Bandyopadhyay of Spice Group. There are a whole lot of uncertainties in the market, whether you look at Europe, or at China, or at even the India-specific liquidity issues, we are in for a period of intermediate down trend, he adds.
Where is it headed?
The basic trend, according to Baliga, is down. “Over the next couple of sessions we could actually move towards the 4,700-4,800 levels, where the technical position would be tested, so that, in case the market is still weak at that point, we could again see that 4500 levels. But I think the market is fairly valued at around 4,700-4,800. So basically looking from that point of view we have started nibbling in and in fact we will be buying more in case the market falls further.”
Doctor says, “From here some kind of counter trend rally can emerge especially with the settlement being there next week. Maybe you can go back and test the 5,000 levels one more time where the 200 day average is and then the market decides which direction it wants to go.”

Friday, May 21, 2010

21.05.2010

HAPPY FRIDAY

YESTERDAY US MARKET
Dow 10,068.01 -376.36 -3.60% DOWN

Nasdaq 2,204.01 -94.36 -4.11% DOWN
S&P 500 1,071.59 -43.46 -3.90% DOWN

YESTERDAY EUROPE
FTSE 100 5,073.13 -84.95 -1.65% DOWN
DAX 5,867.88 -120.79 -2.02% DOWN
CAC 40 3,432.52 -79.15 -2.25% DOWN

Thursday, May 20, 2010

20.05.2010

20.05.2010
HAPPY THURSDAY
 YESTERDAY US MARKET
Dow 10,444.37 -66.58 -0.63%  DOWN

Nasdaq 2,298.37 -18.89 -0.82% DOWN

S&P 500 1,115.05 -5.75 -0.51% DOWN

YESTERDAY EUROPE MARKET
FTSE 100 5,173.18 -134.16 -2.53% DOWN
DAX 5,993.21 -162.72 -2.64% DOWN
CAC 40 3,526.80 -90.52 -2.50% DOWN
 TODAY ASIAN MARKET
Hang Seng 19,685.43 +106.45 +0.54% UP
Straits Times 2,772.17 -2.37 -0.09% DOWN
Nikkei 225 10,113.50 -73.34 -0.72% DOWN
 12.00 PM : Asian markets lower amid Europe debt doubts
NIKKI 1.50% DOWN
TRADERS ALERT AND WATCHING CAREFULLY
EUROPE WILL DOWN TODAY OUR MARKET ALSO SUDDEN DOWN
EUROPE?

Wednesday, May 19, 2010

19.05.2010


happy wednesday

9.00 AM : bear is ready to attack

 YESTERDAY NASDAQ = 1.57% DOWN
S&P 500 1,120.80 -16.14 -1.42%  DOWN
 YESTERDAY EUROPE
FTSE 100 5,307.34 +44.80 +0.85%  UP
DAX 6,155.93 +89.01 +1.47%  UP
CAC 40 3,617.32 +73.77 +2.08%  UP

TODAY ASIA MARKET
Nikkei 225 10,139.60 -103.04 -1.01%  DOWN
Hang Seng 19,747.02 -197.92 -0.99%  DOWN
Straits Times 2,803.44 -40.91 -1.44%  DOWN
OUR NIFTY 1.29% DOWN

12.00 PM : NIFTY IMMEDIATE SUPPORT 4982 - 4950

2.00PM : MARKET UPDATE
EUROPE  =  DAX  1.7% DOWN
CAC  2.06% DOWN
FTSE 1.92% DOWN

ASIAN MARKET
HANGSANG 1.81% DOWN
NIKKIE 0.54% DOWN
SHANGHAI 0.27% DOWN
STRAITS 1.97% DOWN
 NIFTY 2.21% DOWN

Monday, May 17, 2010

18.05.2010

HAPPY TUESDAY
9.00 AM
YESTERDAY US  MARKET UPDATE DOWJONES    0.5% UP
NASDAQ  0.31% UP
EUORPE  FTSE 0.01% DOWN
DAX           0.17% UP
CAC 40   0.47% DOWN

YESTERDAY NIFTY CLOSING 5056

9.15 AM - TODAY ASIN MARKET UPDATE
Nikkei 225 10,281.40 +45.64 +0.45% UP
Hang Seng 19,752.50 +37.30 +0.19% UP
Straits Times 2,833.97 +0.28 +0.01%  UP

TODAY NIFTY HURDLE
5050- 5080 - 5102  RESISTANCE
5030-4982 - 4950 SUPPORT

10.00 AM : NIFTY 5030 BELOW THIS LEVEL TRADERS WATCH CAREFULLY SOME DOWN
POSSBLE

11.00 AM : SBIN STATE BANK OF I NDIA 2261 NOW
TRADE WITH OUT VOLUME KEEP EYE ON SBIN
MAY BE SOME DOWN AS POSSIBLE
SBIN TARGET
Buy 2263.41 TGT 1 :2173.77   TGT 2 : 2308.23  TGT 3:  2353.05  TGT 4 : 2442.69


Sell 2196.18  TGT 1 : 2185.82   TGT 2 : 2151.36  TGT 3 : 2106.54  TGT  4 : 2039.31

2.00 PM : OUR MARKET FLAT TRADING
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