RBI's credit policy today

The Indian market has been rangebound over the last many sessions. After a mildly bullish trade on Friday, the equity benchmarks witnessed lacklustre activity and closed marginally in the red on Monday. The Sensex closed down 73 points at 19,244.42. The Nifty ended at 5,857.90, 21 points below its previous close. The market will closely watch the Reserve Bank of India’s mid-quarter monetary policy review today. According to CNBC-TV18's poll, 70 percent of bankers and economist expect the Reserve Bank to cut cash reserve ratio (CRR) by 25 to 50 basis points. Only 30 percent expect RBI to keep the CRR unchanged. Most don’t believe the Reserve Bank will cut policy rates. Infact 90 percent said no repo rate cut. However, there is unanimity that rate will be cut atleast by January. Majority expect 25 to 50 basis of repo rate cut before the financial year ends.

GOLD INTRA DAY

SELL GOLD 05FEB2013 31400 WITH SL 31425 TGT 31350/31300/31250 DEPEND ON TREND BUY GOLD 05FEB2013 ABOVE 31425 SL 31350 TGT 31500/31540/31600

Global & local cues that will impact Nifty today

In the US, the Dow and S&P 500 closed higher for the day and the week following an upbeat government jobs report and amid ongoing "fiscal cliff" negotiations, while the Nasdaq finished in the red, dragged by Apple's sharp decline. For the week, the Dow rallied 0.99 percent; the S&P 500 added 0.13 percent, while the Nasdaq fell 1.07 percent. The CBOE volatility index slipped And on economic data front, the monthly non-farm payrolls rose by a surprising 146,000 versus an expectation of 93000. The unemployment rate slipped to 7.7 percent in November. Meanwhile, the consumer sentiment index tumbled to 74.5 from 82.7 in a preliminary December. There are no signs yet of any breakthrough in the fiscal cliff logjam.. Instead in a clear indication of hardening of stance, house speaker and republican leader John Boehner said that President Barack Obama had decided to slow walk the US economy right off the fiscal cliff. European shares closed flat in volatile trading Friday following a pair of mixed economic reports from the US, while Germany’s lowered growth outlook put a lid on gains. In Germany, the central bank has cut its growth forecasts for the economy. The Bundesbank now expects the German economy to grow by 0.7 percent this year, down from its earlier forecast of 1 percent. The forecast for 2013 is more worrying. The Bundesbank expects growth of just 0.4 percent, down from the previous projection of 1.6 percent. Political uncertainty once again in Italy after Prime Minister Mario Monti said he is going to step down ahead of the end of this term. His decision to call for polls once the 2013 budget is approved after the party of former Prime Minister Silvio Berlusconi withdrew their support from Monti's government. Berlusconi also said that he would make another run for Prmie Minister in the next polls. Monti did not say whether he would run in the next election. Greece's debt buy back offer ended over the weekend with bankers and officials saying that the deal went well. Athens offered to buy back around 30 billion euros in bonds as it saw to lower its debt levels. According to sources, Greece raised about 25-27 billion euros and may re-open the buy back for a short period for additional bids from Greek banks to make up for the short fall.

NIFTY INDEX LEVEL TODAY

Nifty closed on a slight bearish note at 5907.40 So today the first resistance for nifty is at 5924 level. Next resistance ranges are at 5945,5970 levels. On downside first support is at 5890 level. Next supports are at 5868,5844,level.So today the main intra resistance are at 5945 and 5974 level and on downside be alert below 5890 and avoid longs if below 5868 level.

FDI in retail will benefit consumers, farmers, says PM Manmohan Singh !!!

A day after winning Parliament's approval to the decision of allowing FDI in retail, Prime Minister Manmohan Singh today said the move will benefit farmers and consumers and help introduce new technologies in agri marketing. He also said the decision to allow FDI was "supported" by farmers' organizations in Punjab. Speaking as a chief guest at Punjab Agricultural University's golden jubilee function here, he said FDI in retail will help introduce new technologies in agri marketing, and will "benefit farmers and consumers". The decision to allow FDI was backed by farmers' organizations in Punjab, he said at the PAU function, where he was honored with a Doctor of Science degree. Government had yesterday won the approval of Parliament to its controversial decision of allowing FDI in multi-brand retail with a motion against it being defeated convincingly in Rajya Sabha, as BSP voted in favor of UPA. 123 members had voted against the motion while 109 voted in favor after a debate during which the Opposition had attacked the proposal to allow 51 % FDI in multi-brand retail, while the government had strongly justified it saying it was in the best interest of the country. Speaking at the University, Singh asked leading farm varsities like PAU to gear up to meet the existing and future challenges in the agriculture sector. He said agriculture supply chains in India are fragmented and stressed the need for development of efficient and vertically integrated supply chains. Stressing that investments in backend infrastructure can help cut down loss of perishable crops, he asked Punjab "to take the lead in best practices of crop management". Singh also hoped that Punjab will fare better as 12th five-year plan has for the country as a whole "targeted 8.2 growth in the GDP and 4 per cent in agriculture".

Morgan Stanley's best picks for 2013: Gold, Silver !!!

Gold, silver and corn will outperform other raw materials next year as a weaker dollar and rising investor demand bolster precious metals while supply curbs aid grains, Morgan Stanley said, listing top picks for 2013. Silver will track gold, which is poised to gain on low real interest rates, buying by central banks and geopolitical uncertainty, analysts including Peter Richardson and Hussein Allidina wrote in a report on Thursday, reiterating an October call. Corn and soya beans should benefit from harvest delays in South America, they said. The bank is bearish on aluminum, sugar, nickel and uranium as supplies are set to outpace demand. Morgan Stanley joins Goldman Sachs Group in predicting the so-called super-cycle isn't over. "Higher prices in recent years have brought both a supply and demand response, bringing many to call for the end" of the super-cycle, they wrote. Gold may average $1,853 an ounce in 2013, while silver may be $35 an ounce, Morgan Stanley said. That compares with gold's average of $1,668 so far this year and $31.1542 for silver. Soya beans may average $15.70 a bushel in 2012-2013, it said.

NIFTY INDEX LEVELS FOR TODAY

Nifty closed on a slight bullish note at 5930.90 So today the first resistance for nifty is at 5959 level. Next resistance ranges are at 5990,6006 levels. On downside first support is at 5897 level. Next supports are at 5868 level.So today the main intra resistance are at 5964 and 5988 level and on downside be alert below 5897 and avoid longs if below 5868 level.

Supreme Court gives Sahara more time to refund investors !!!

In a partial relief to Sahara, the Supreme Court on Wednesday gave the Subrata Roy-led group more time to refund money to its bond investors. SC asked Sahara to deposit Rs 5,120 crore upfront to the Securities & Exchange Board of India (SEBI), and pay the remainder in two instalments in January and February. Stating that Sahara has to repay Rs 17,400 crore with 15% interest in three instalments. SC told SEBI to take action if the group defaults on repayment. On Monday, a bench, headed by Chief Justice Altamas Kabir, had made several adverse comments about the "conduct" and "intentions" of the company for failing to meet the November 30, 2012, deadline to pay the amount to Sebi which was to route it to investors. On Tuesday, when the bench reconvened, Sahara counsel Gopal Subramanium sought time till the afternoon to enable him to firm up his statement to court. Since the bench was on ly sitting in the forenoon on Tuesday, CJI Kabir adjourned the hearing till Wednesday. Sahara has been claiming to Sebi that all the money has been invested in its Amby Valley projects in 63 cities. It has also been claiming that it has paid off most of its small-time investors and only a balance of Rs 5,000 crore was left to be paid. Sahara has been denying any wrongdoing and has been insisting that it had offered the money to Sebi and accompanying papers about its investors, but Sebi has been refusing to accept it. It first approached the SAT to direct the market regulator to receive the Rs 5,000 crore and moved the SC after the Tribunal turned it away. A different bench had in a August 31 order asked two Sahara firms to pay the Rs 17,400 crore with interest to Sebi within three months. Sebi moved a contempt application before that bench when Sahara did not pay up, but the bench refused to act on it and directed Sebi to proceed against Sahara and implement the court order.

GOLD INTRA OR POSITIONAL CALL

BUY GOLD 05FEB2013 AROUND 31400 WITH SL 31320 TGT 31450/31500/31600

Global & local cues that will impact Nifty today

The US markets finished modestly lower across the board with the Dow and S&P 500 snapping a three-day winning streak, weighed by a weaker-than-expected manufacturing report, even as there are new details of a counter-offer from house republicans to avert the fiscal cliff. The CBOE VIX closed above 16. The European markets closed off their best levels following weak manufacturing data from US, however news that Spain had formally requested an EU bailout for its banks helped limit losses. Spain formally requested a bailout for its struggling banks to be disbursed on December 12. Asian markets are trading weak. China's Shanghai Composite slipped 0.30% or 5.83 points at 1,953.93. Hong Kong's Hang Seng was down 0.36% or 78.49 points at 21,689.36. Japan's Nikkei was down 0.12% or 11.28 points at 9,446.90. Singapore's Straits Times shed 0.29% or 8.96 points at 3,056.78. South Korea's Seoul Composite fell 0.46% or 8.99 points at 1,931.03. Taiwan's Taiwan Weighted was down 0.77% or 58.50 points at 7,541.41. Back home, the Nifty closed 9 points lower to 5,870.

Nifty Impact:Parliament's winter session resumes

Parliament will resume today after no-show last week over the FDI storm. Voting of FDI in retail will take place in both houses this week. Parliamentary affairs minister is confident that all the important bills of the finance ministry will be passed in this session. In its bid to attract more foreign inflows the government has hiked the FII cap debt limit by USD 10 billion. Two new windows of USD 5 billion have been created in government-securities and corporate bonds. The ECB cap remains unchanged. The US markets ended narrowly mixed in lackluster trading on the final day of November, as investors were reluctant to make big bets ahead of the weekend amid ongoing fiscal cliff discussions. For the week, Dow rose 0.12%, S&P 500 rose 0.50% and Nasdaq rallied 1.46%. The CBOE volatility index finished near 16. The European markets ended mixed in choppy trading as German lawmakers approved a plan to ease the conditions on bailout loans to Greece and amid ongoing discussions over the US budget European Central Bank president Mario Draghi said that the eurozone crisis is far from over. Addressing top financial officials in Paris today, Draghi said that eurozone countries must tighten budgets and forge a banking union to leave behind the fairy world that allowed problems to grow. Asian markets were subdued in morning trade today. Meanwhile, China's November official services PMI inched up to 55.6 from 55.5 in October. At 7: 46 am (IST), Asian markets were trading higher. China's Shanghai Composite was up 0.19% or 3.83 points at 1,983.95. Hong Kong's Hang Seng advanced 0.47% or 104.33 points at 22,134.72. Japan's Nikkei gained 0.80% or 75.16 points at 9,521.17. Singapore's Straits Times rose 0.44% or 13.38 points at 3,083.33. South Korea's Seoul Composite was up 0.36% or 7.04 points at 1,939.94. Taiwan's Taiwan Weighted added 0.40% or 30.23 points at 7,610.40. Back home, it was a firm session for our markets on Friday. The Nifty gained 55 points to close at 5,879.

India's July-Sept GDP growth seen at 5.4%

India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a Reuters poll, suggesting little signs of an early turnaround, despite reform steps taken by the government to lure back investors. Gross domestic product rose 5.4 percent year-on-year in the July-September period, slightly lower than the 5.5 percent increase in the previous quarter, and only just above the three-year low of 5.3 percent in the quarter to end-March, the median consensus of 39 consensus showed. Forecasts ranged from 5.0 percent to 6.2 percent. Asia's third-largest economy is growing faster than many other countries, but the pace is way below the 9 percent growth that the government has targeted to provide jobs for a booming young population. Data on factory activity showed slowing global demand hurt exports and falling investments weighed on the manufacturing sector, which has been the biggest drag on overall growth in the quarter to September. The next monetary policy review is due in December.

FDI पर झुकी सरकार, अब चलेगी संसद

मल्टि-ब्रैंड रीटेल में एफडीआई के मुद्दे पर संसद में जारी गतिरोध खत्म हो गया है। सरकार संसद के दोनों सदनों में वोटिंग वाले नियम के तहत चर्चा के लिए तैयार हो गई है। विपक्ष खासकर बीजेपी और लेफ्ट पार्टियों की मांग के मुताबिक, लोकसभा में नियम 184 के तहत और राज्यसभा में नियम 168 के तहत चर्चा की जाएगी। सूत्रों ने बताया कि लोकसभा में इस मुद्दे पर 4 और 5 दिसंबर को चर्चा होगी। राज्यसभा में चर्चा की तारीख अभी तय नहीं हुई है। लोकसभा अध्यक्ष मीरा कुमार ने इस बारे में दिए गए नोटिसों को स्वीकार कर लिया है। राज्यसभा के सभापति हामिद अंसारी ने सर्वदलीय मीटिंग में सदन के भीतर वोटिंग वाले नियम के तहत चर्चा पर सहमति दे दी। राज्यसभा में बहस के बाद मांग के आधार पर वोटिंग होगी। मीरा कुमार के फैसले के तुरंत बाद संसदीय कार्य मंत्री कमलनाथ ने राज्यसभा के सभापति हामिद अंसारी को सरकार के रुख की जानकारी दी। उन्होंने कहा, 'मैंने कहा है कि हमारी पार्टी और सरकार संसद के दोनों सदनों को चलाए जाने के पक्ष में है और किस नियम के तहत चर्चा हो, इस बारे में सभापति का जो भी फैसला हो वह संसद को चलाने की दिशा में होना चाहिए।' एक सवाल के जवाब में कमलनाथ ने कहा, 'अगर सभापति मत विभाजन के बारे में फैसला करते हैं तो हमें वोटिंग के लिए तैयार होना पडेगा।' यूपीए सरकार को बाहर से समर्थन दे रही समाजवादी पार्टी के अंदर इस मुद्दे पर अलग-अलग सुर दिखाई दे रहे हैं। एसपी के नेता और महासचिव रामगोपाल यादव ने कहा एफडीआई पर मतविभाजन की स्थिति में उनकी पार्टी सरकार के खिलाफ वोट करेगी। जब उनसे पूछा गया कि निचले सदन में पार्टी का रुख क्या होगा, तो उन्होंने कहा कि लोकसभा के नेताओं से पूछिए। इस मामले में उत्तर प्रदेश के मुख्यमंत्री अखिलेश यादव ने कहा कि अभी हमने अपना रुख तय नहीं किया है। उन्होंने कहा कि नेताजी (मुलायम सिंह यादव) तय करेंगे कि पार्टी का रुख क्या होगा। इससे पहले, बृहस्पतिवार सुबह लोकसभा स्पीकर मीरा कुमार ने एफडीआई के मुद्दे पर मत विभाजन के प्रावधान वाले नियम 184 के तहत चर्चा कराने का नोटिस स्वीकार कर लिया। सदन की कार्यवाही शुरू होने पर मीरा कुमार ने कहा, 'मुझे मल्टि-ब्रैंड रीटेल में एफडीआई के मुद्दे पर नियम 184 के तहत चर्चा कराने के संबंध में 30 नोटिस प्राप्त हुए हैं। मैंने इसे स्वीकार कर लिया है।' उन्होंने कहा कि चर्चा की तारीख और समय का फैसला बाद में किया जाएगा। लोकसभा में विपक्ष की नेता सुषमा स्वराज ने अध्यक्ष की व्यवस्था पर धन्यवाद देते हुए कहा, 'सदन की भावना को ध्यान में रखने के लिए मैं आपका आभार व्यक्त करती हूं और आपको विश्वास दिलाती हूं कि अब सदन सुचारू रूप से चलेगा।' गौरतलब है कि एफडीआई के मुद्दे पर हंगामे के कारण 22 नवंबर से शुरू हुए संसद के विंटर सेशन में लगातार चार दिन कोई कामकाज नहीं हो सका। इस मुद्दे पर तृणमूल कांग्रेस ने सरकार के खिलाफ अविश्वास प्रस्ताव पेश करने की कोशिश की लेकिन संख्या बल नहीं होने के कारण यह प्रयास विफल रहा था। गतिरोध समाप्त करने के प्रयास सर्वदलीय बैठक बुलाई गई जो बेनतीजा रही, क्योंकि विपक्ष मतविभाजन के प्रावधान के तहत चर्चा कराने पर अड़ा हुआ था। बहरहाल, यूपीए के घटक दलों की बैठक के बाद संसद में जारी गतिरोध दूर करने का रास्ता निकल सका। मल्टि-ब्रैंड रिटेल में एफडीआई के मुद्दे पर चर्चा शुरू होने से पहले गुरुवार को संसदीय कार्य मंत्री कमल नाथ, गृह मंत्री और सदन के नेता सुशील कुमार शिंदे, लोकसभा में विपक्ष की नेता सुषमा स्वराज ने लोकसभा स्पीकर मीरा कुमार से मुलाकात की। कमल नाथ ने अब संसद की कार्यवाही गुरुवार को सुचारू रूप से चलने की उम्मीद जताई। उन्होंने कहा कि सरकार जब एफडीआई के मुद्दे पर वोटिंग के लिए राजी हो गई है तो कार्यवाही बाधित होने का प्रश्न ही नहीं है। यूपीए की सहयोगी डीएमके हालांकि एफडीआई के विरोध में है लेकिन उसने स्पष्ट कर दिया है मतविभाजन की स्थिति में वह सरकार का साथ देगी। बहुजन समाज पार्टी (बीएसपी) भी इसका विरोध कर रहे है लेकिन मतविभाजन पर उसका स्पष्ट रुख अब तक सामने नहीं आया है। सूत्रों का कहना है कि एसपी और बीएसपी मतविभाजन में भाग न लेकर अप्रत्यक्ष रूप से सरकार का सहयोग कर सकते हैं। सरकार को तृणमूल कांग्रेस के उस फैसले से भी राहत मिली है जिसमें उसने कहा है कि बहस किसी नियम के तहत हो, इसका चर्चा पीठासीन अधिकारी करे। हालांकि सरकार तृणमूल का समर्थन मिलने को लेकर आश्वस्त नहीं है। तृणमूल से जुड़े एक सूत्र ने बताया कि मतविभाजन की स्थिति में तृणमूल भी इससे दूर रह सकती है।

Market watch: Nifty's direction today

The Indian market rallied around 2% on Tuesday. The Sensex gained 305.07 points or 1.65% to close at 18,842.08. The Nifty rose 91.05 points or 1.62% and ended at 5,726.95.

The US markets reversed early losses to finish near session highs following positive comments from President Barack Obama and Speaker John Boehner on the fiscal cliff issue. The CBOE volatility index ended below 16. GDP for the third quarter is expected to grow 2.8 percent while weekly jobless claims are seen declining to 390,000. Pending Home Sales Index may rise 1 percent for October. European markets pared losses to end flat on optimism that a deal on the US ‘fiscal cliff’ of tax rises and spending cuts could be reached. At 7: 42 am (IST), Asian markets were trading higher. China's Shanghai Composite gained 0.20% or 4.03 points at 1,977.56. Hong Kong's Hang Seng rose 0.56% or 121.44 points at 21,830.42. Japan's Nikkei was up 0.57% or 52.89 points at 9,361.24. Singapore's Straits Times added 0.49% or 14.81 points at 3,026.58. South Korea's Seoul Composite was up 0.87% or 16.62 points at 1,929.40. Taiwan's Taiwan Weighted advanced 0.85% or 62.97 points at 7,497.90.

NIFTY INDEX ANALYSIS

Nifty closed on a strong bull note at 5727.45 So today the first resistance for nifty is at 5747 level. Next resistance ranges are at 5768,5802 levels. On downside first support is at 5705 level. Next supports are at 5680,5662,5644,level.Nift made a strong show and today if nifty is above 5752 level we expect the trend to be on bull side and next intra resistance is at 5774 level and on downside be every alert if below 5680 level.

HAPPY GURU NANK DEV G BIRTHDAY

'Teri kismat da likha tere toh koi kho nai sakda, Je us di meher hove te tenu o v mil jae jo tera ho nai sakda!' HAPPY GURPURAB

NIFTY INTRADAY CALL

SELL NIFTY 29NOV2012 AROUND 5700 WITH SL 5725 TGT 5680/5660.

Global & local cues that will impact Nifty today

It was a quiet day for the Indian market on Monday. The Sensex closed up 30.44 points or 0.16% at 18,537.01. The Nifty ended up 4.30 points or 0.08% at 5,630.90. The Euro zone reached a political deal on the disbursement of Greece. Euro zone finance ministers agreed to lower interest rates on bilateral loans by 100 bps, and deferred interest payments on EFSF loans by 10 years. According to Jean Claude Juncker, that will bring Greece's dent to more sustainable path. The country will get 34.4 billion euros for bank recap in December. Greece will reach debt-to-GDP ratio of 124% in 2020. European markets ended a five-day winning streak as a slump in Barclays after a shareholder sold warrants in the company resulted in it leading both financial stocks and the broader market lower. The US markets eased off their lows to close mixed. But gains were limited as there are concerns over the fiscal cliff. CBOE Volatility Index ended above 15. At 7: 35 am (IST), Asian markets were trading higher. Hong Kong's Hang Seng was up 0.36% or 79.56 points at 21,941.37. Japan's Nikkei rose 0.50% or 47.09 points at 9,436.03. Singapore's Straits Times was up 0.20% or 6.12 points at 3,010.62. South Korea's Seoul Composite gained 1.11% or 21.18 points at 1,929.69. Taiwan's Taiwan Weighted added 0.37% or 27.22 points at 7,434.59. China's Shanghai Composite was down 0.41% or 8.34 points at 2,009.12.

NIFTY INDEX TREND FOR TODAY

Nifty closed on very slight bull note at 5635.90 So today the first resistance for nifty is at 5654 level. Next resistance ranges are at 5674,5694,5724 levels. On downside first support is at 5604 level. Next supports are at 5586,5546 level.As of now Nifty is directionless but a strong move above 5682 may have some hopes for bulls and on downside if below 5586 be very alert and avoid longs.

NIFTY INTRADAY CALL

BUY NIFTY 29NOV2012 ABOVE 5645 WITH SL 5624 TGT 5665/5675

NIFTY INDEX TREND FOR TODAY

Nifty Index closed unchanged at 5626.60 So today the first resistance for nifty is at 5647 level. Next resistance ranges are at 5664,5700,5720 levels. On downside first support is at 5604 level. Next supports are at 5580,5550,5520 level.Nifty is moving trendless but clearly some support at low level but for confirmation a strong move above 5671 is required and on downside a move below 5580 can weaken this buy support.So today if nifty moves above 5671 level it is a good sign for bulls but if nifty goes below 5580 be very alert and sellers may have the control if nifty is below 5550 level.

Market watch: Cues that will set Nifty's trend

The Indian market closed flat on Friday after recouping losses in late trade. The Nifty fell just 1.15 points to close at 5,626.60. The Sensex declined 10.77 points to end at 18,506.57. However, the week was positive as the benchmark indices gained 1 percent. The US markets closed more than 1 percent higher in a holiday-shortened session, led by strength in big-cap tech stocks. Volume was thin following the Thanksgiving holiday on Thursday. Major indices had their best week in over five months. For the week, the Dow rose 3.3 percent, the S&P climbed 3.6 percent and the Nasdaq jumped 4 percent. The CBOE volatility index fell to near 15. European markets had their best week so far this year, led by strong German business confidence data and growing expectations Greece will receive more aid. A big task lies ahead for the Euro zone finance ministers as they meet in Brussels today and try to make a deal for Greece. So far their track record has not been great. EU finance ministers will meet in Brussels to discuss a deal for Greece with talks over aid to Athens breaking down last week. On Friday, EU leaders failed to reach and agreement on their budget for the next seven years. So, question now is can the Troika bridge their differences and release the next tranche of cash for Greece today or will it end is tears again. France's finance minister says yes they can do it, but sticking points do remain key among a potential write down of Greece's sovereign debt which the IMF has maintained is vital for Athens to move forward. At 7: 41 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.32% or 6.44 points at 2,020.95. Hong Kong's Hang Seng was flat at 21,895.04. Japan's Nikkei gained 0.61% or 57.60 points at 9,424.30. Singapore's Straits Times rose 0.44% or 13.12 points at 3,002.40. South Korea's Seoul Composite was down 0.27% or 5.07 points at 1,906.26. Taiwan's Taiwan Weighted added 0.74% or 54.04 points at 7,380.05.

एनटीपीसी के 9.5% विनिवेश को मंजूरी

कैबिनेट ने एनटीपीसी में 9.5 फीसदी हिस्सेदारी बेचने को मंजूरी दे दी है। एनटीपीसी का विनिवेश भी ऑफर फॉर सेल यानी ओएफएस के जरिए किया जाएगा। इसमें एनटीपीसी के 78 करोड़ 30 लाख शेयरों की नीलामी की जाएगी। विनिवेश के बाद एनटीपीसी में सरकार की 75 फीसदी हिस्सेदारी रह जाएगी। सरकार को उम्मीद है कि इस विनिवेश से 13,168 करोड़ रुपये जुटाए जा सकते हैं। एनटीपीसी के लिए एक और अच्छी खबर है। कंपनी से छीने गए तीनों कोयला ब्लॉक वापस लौटा दिए जाएंगे। साथ ही एनटीपीसी को अतिरिक्त कोयला ब्लॉक भी दिए जाएंगे। अतिरिक्त कोयला ब्लॉक से एनटीपीसी की उत्पादन क्षमता में 8500 मेगावाट की बढ़त की उम्मीद है।

Govt to launch direct cash subsidy transfer from Jan 1

Government will launch the payout of direct cash subsidy to people through the Aadhaar based system in 51 districts of the country from January 1, Finance Minister P Chidambaram said today. He said the government intends to complete roll out of the direct cash transfer through the Aadhaar system in the entire country by the end of 2013. This will, among other things, facilitate the pay out of direct cash subsidies to the targeted beneficiaries. "We want the roll out (of Aadhaar-based subsidy transfer) to be completed by the end of 2013," he said at the Bancon conference here. The Finance Minister noted that the government spends "thousands and thousands of crores of rupees" on pension and various subsidies. "We are going to launch the ambitious programme of payout of direct cash subsidy to people through the Aadhaar system in 51 districts across 15 states", he said. Chidambaram said Prime Minister Manmohan Singh will take a meeting of the cash transfer committee on Monday in the run up to the implementation of the scheme from the beginning of next year. Stating that the economy is in a slowdown mode, he said the economic growth is expected to be 5.5 per cent in the second quarter. "For us 8 per cent growth is not an aspiration. We must aspire for over 8 per cent growth", he said.

NIFTY INDEX LEVELS FOR TODAY

Nifty was on a bull trend and closed at 5627.75 So today the first resistance for nifty is at 5660 level. Next resistance ranges are at 5685-90 levels. On downside first support is at 5590 level. Next supports are at 5560 level.So today if nifty moves above 5665 level it is a good sign for bulls but if nifty goes below 5590 be very alert and sellers may have the control if nifty is below 5560 level.

Global mkt & Asian mkt cues

US markets: There were no cues from the US as they were shut yesterday for Thanksgiving. European markets: European markets closed higher for a fourth consecutive session as investors grew more confident that a deal on further aid for Greece could be struck on Monday. Asian markets: At 7: 34 am (IST), Asian markets were trading firm. China's Shanghai Composite was flat at 2,017.50. Hong Kong's Hang Seng was up 0.34% or 73.14 points at 21,816.34. Singapore's Straits Times was flat at 2,986.49. South Korea's Seoul Composite was flat at 1,898.94. Taiwan's Taiwan Weighted gained 1.70% or 120.48 points at 7,226.24.

Winter session of Parliament Impact Of Nifty

The Indian market remained listless on Thursday. Investors were sceptical due to stormy beginning of the winter session of Parliament. The Sensex was up 56.96 points to close at 18,517.34. Meanwhile, the Nifty rose 12.95 points and ended at 5,627.75. The first day of the winter session was a washout. BJP remained adamant on a debate followed by a vote on FDI in retail. Meanwhile, the government decides to call an all-party meeting on Monday.

LEAD INTRA TREND

Lead 30Nov2012 closing price is 118.85 The Lead is now showing SELL signal For short term Lead is in HOLD LONG position and Lead closed below 1 week low with volume signals down breakout.Positionally Support for the Lead is 115-113.Resistance for the Lead is 120

ALUMINIUM INTRA VIEW

ALUMINIUM 30Nov2012 Closing price is 106.20 Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is SELL signal and Aluminium is coming down from overbought level and has moved down its previous low with good volume points to a negative break out .Positionally Support for the Aluminium is 105.Resistance for the Aluminium is 108.

ZINC INTRA VIEW

Zinc 30Nov2012 closing price is 104.85 The Zinc is now is showing SELL signal For short term Zinc is in HOLD LONG position.Positionally Support for the Zinc is 104-102. Immediate resistance for Zinc is 107

NICKEL TREND

Nickel 30Nov2012 closing price is 916.8 In last few days lot of positive accumulation happened in the Nickel.Positionally Support for the Nickel is 911-905-901.Immediate resistance for Nickel is 922.

NATURALGAS INTRADAY VIEW'S

NATURALGAS 27NOV2012 CLOSING PRICE IS 214.50 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Naturalgas is 205-201-198.Immediate resistance for Naturalgas is 217.

COPPER TREND

COPPER 30NOV2012 CLOSING PRICE IS 425.8 Currently Copper is in strong uptrend with good momentum and the trend is supported with good volume Positionally Support for the Copper is 418.Resistance for the Copper is 435.

SILVER LEVELS

SILVER 05DEC2012 CLOSE-62047 .Positionally Support for the Silver is 60960-60500-60450. Immediate resistance for Silver is 62411.

GOLD VIEW

GOLD 05DEC2012 CLOSING 31813.Positionally Support for the Gold is 31560-31420-31220. Immediate resistance for Gold is 32065

FDI in retail in the Winter Session of Parliament Start

The Opposition looks to give a tough time to the UPA government over the issue of FDI in retail in the Winter Session of Parliament. However, the government is confident that it has the numbers. Here's a look at the possible scenarios in Parliament: Strength of Lok Sabha: 544 Half way mark: 272 UPA: 254 NDA: 152 Outside support to UPA: BSP+SP+RJD+JDS = 50 BSP VIEW If both the Samajwadi Party and the Bahujan Samaj Party join the Trinamool Congress in opposing FDI in retail, the UPA will face embarrassment as it won't manage majority. However, this looks unlikely now with Mayawati telling the BSP MPs not to join the Opposition's protest against FDI in retail. TMC VIEW If the TMC opposes FDI and the SP and BSP abstain from voting, the effective strength of the Lok Sabha will come down. While the BSP has made it clear that it won't oppose FDI in retail, the SP has also been saying that it won't vote in favour of the BJP. GOVERNMENT VIEW If the government doesn't agree to debate with voting, the Opposition will ensure that no legislative business takes place. This seems to be the most likely scenario with the current situation.

CRUDEOIL LEVEL

CRUDEOIL 18DEC2012 CLOSING 4823.Positionally Support for the Crudeoil is 4754-4752.Resistance for the Crudeoil is 4974-5012.

NIFTY INDEX TREND ANALYSIS

Nifty was on a bull trend and closed at 5614.80 So today the first resistance for nifty is at 5640 level. Next resistance ranges are at 5670,5695,5725 levels. On downside first support is at 5580 level. Next supports are at 5548,5500level.Nifty is currently in a negative territory but yesterdays bull move had some cushion effect on the bearish sentiment and today if nifty is above 5647 chance are their for covering and above 5674 bull had the upper hand. On downside if nifty is below 5580 be very alert and bears had the strength if nifty is below 5551 level.

Global and local cues that will impact Nifty

The Indian market gained strength in the last hour of trade on Wednesday despite listless trade in global peers. The Nifty closed above the 5,600 level for the first time in the last four sessions. The index rose 43.25 points to close at 5,614.80. The Sensex gained 131.06 points to end at 18,460.38 on hopes that winter session of Parliament would go through smoothly. The winter session of Parliament will begin today. The month-long session, which will conclude on December 20, will have as many as 20 sittings and the government has lined up a heavy legislative agenda including 25 bills for consideration and passing, 10 bills for introduction and a voting on supplementary demands for grants for the current fiscal. US markets: The US markets closed modestly higher in thin, choppy trading session ahead of the Thanksgiving holiday, after a cease-fire agreement between Israel and Hamas Militants in the Gaza strip. But some mixed economic reports and worries over Greece put a limit on gains. The CBOE volatility index ended above 15. There will be no cues from US today as markets will be shut for Thanksgiving. Asian markets were trading higher. Hong Kong's Hang Seng was up 0.38% or 82.70 points at 21,607.06. Japan's Nikkei gained 1.19% or 109.78 points at 9,332.30. Singapore's Straits Times added 0.49% or 14.56 points at 2,974.86. South Korea's Seoul Composite was up 0.76% or 14.39 points at 1,898.43. Taiwan's Taiwan Weighted rose 0.51% or 36.02 points at 7,124.51. China's Shanghai Composite was down 0.62% or 12.65 points at 2,017.67.

Kingfisher Airlines gains 1% on UB Holdings property sale reports

Kingfisher Airlines BSE 1.58 % Ltd surged over 1 per cent in a choppy trade on Wednesday after private equity giant Blackstone has made an offer to buy out the prime office and retail real estate blocks in its flagship UB City for Rs 550 crore. At 11:15 am, Kingfisher Airlines was trading 1.5 per cent higher at Rs 13.48. It has hit a low of Rs 13.40 and a high of Rs 13.69 in trade today.

Bse Sensex remains lacklustre...

The BSE Sensex started off trade on a flat note on Wednesday, tracking lacklustre trade in global peers. Investors are not ready to take big positions on either side ahead of the winter session of Parliament that will begin tomorrow. The 30-share BSE Sensex gained 19 points to 18,348.17 while the 50-share NSE Nifty rose 1.5 points to 5,573. However, the Indian rupee fell by 22 paise to 55.32 against the US dollar.

NIFTY INDEX TREND ANALYSIS.....

Nifty closed alomost unchanged at 5571.55 So today the first resistance for nifty is at 5610 level. Next resistance ranges are at 5634-40,5660levels. On downside first support is at 5534 level. Next supports are at 5500,5475 level.Nifty is currently in a negative territory but 5550 level is a support range so today if nifty is below 5534 be very alert and below 5500 sellers can strike with more strength and on up side intra resistance are at 5610 and 5640 level.

Sensex slips into red...Realty, Metal stocks down

BSE Sensex was trading at 18288, down 50 points over the previous close. It had earlier touched a day's high of 18467 and a day's low of 18280. It opened at 18422. The NSE Nifty was quoting at 5,556, down 15 points over the previous close. It earlier touched a day’s high of 5,613 and a day’s low of 5554. It opened at 5,604. The BSE Small-Cap index and BSE Mid- Cap index was trading down 0.09% and 0.17%. RIL, Wipro, TCS, Tata Power,ICICI Bank, Tata Steel, Coal India, ONGC, Maruti, HDFC Bank,BHEL,M&M, L&T,SBI, Dr Reddys Lab, HDFC, Tata Motors are among gainers in Sensex and Nifty. Infosys, Sun Pharma, Bharti Airtel, NTPC are among losers in Sensex and Nifty. Realty and Metal are the biggest losers down by 2 and 1% followed by Teck, CG, IT Oil and Gas , HC, PSU,HC,Bankex, FMCG, CD, Power while Auto is the only gainer European markets are lower today with shares in London off the most. Mood in Europe is somber after Moodys lowered its debt rating of France. France prior to the cut hasa a debt rating of AAA which was lowered one notch by the rating agency. The FTSE 100 is down 0.29% while France's CAC 40 is off 0.19% and Germany's DAX is lower by 0.07%

INTRADAY CRUDEOIL.....

SELL CRUDEOIL FUT 18DEC2012 BELOW 4900 with SL=4930 and Target=4870/4850

NAT.GAS INTRADAY CALL

BUY NATURALGAS - FUT-27NOV2012 AROUND 207 with SL=203 and Target=212-214-216

NATURAL GAS TREND

The open interest is not increasing with trend.Positionally Support for the Naturalgas is 201-194. Immediate resistance for Naturalgas is 213.

SILVER TREND

The Silver is in perfect uptrend .BUY signal For short term The current position is BUY .Positionally Support for the Silver is 60750-60550-58904.Immediate resistance for Silver is 61917

Crude down on profit-taking, French rating cut

Crude was down in Asia today as traders took profits and ratings agency Moody's downgraded the French government bond rating. New York's main contract, light sweet crude for delivery in January, shed 31 cents to USD 88.97 a barrel and Brent North Sea crude for January delivery fell 18 cents to USD 111.52. Crude surged more than USD 2 yesterday as violence intensified in the Israel-Gaza conflict, sparking fresh concern about supplies from the crude-rich Middle East. Israeli strikes killed 32 Palestinians yesterday, taking the Gaza death toll to 109 as UN chief Ban Ki-moon joined efforts to end the worst violence in four years. In Europe, France came under fresh pressure after Moody's became the second of the three major ratings agency to downgrade its top rating.

GOLD TREND

The Gold is in perfect uptrend .The Gold is now trading in overbought level.In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above 32065 or buy with strict stop at 30245.Positionally Support for the Gold is 31500-31234-30840. Immediate resistance for Gold is 32065.

CRUDEOIL TREND

Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .Positionally Support for the Crudeoil is 4766-4716-4690.Resistance for the Crudeoil is 4989-5016.

COPPER TREND

Currently Copper is showing some up move after small correction and trend is strong and supported with good volume.BUY signal For short term Copper is in HOLD LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for the Copper is 420-417.Resistance for the Copper is432-435.

ALUMINIUM TREND

The Aluminium is in long- medium- short-medium- short- term bull phase .Currently Aluminium is moving sideways .In last 1 month volatality is very less and fresh Buy can be considered in the Aluminium if it close above 110 or buy with strict stop at 103.Positionally Support for the Aluminium is 107-104.Immediate resistance for Aluminium is 110 .

NICKEL TREND

Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume.Cautious point is buying at higer levels seems decreasing.Positionally Support for the Nickel is 879-875-874.Resistance for the Nickel is 909-915-919.

RBI bans bank loans to buy gold

The Reserve Bank today directed banks not to give loans for purchase of gold in any form, including primary gold, bullion and jewellery, to dissuade people from indulging in speculative activity. "...it is advised that no advances should be granted by banks for purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of gold mutual funds," RBI said in a notification. No advances should be granted by banks against gold bullion to dealers or traders in gold if, in their assessment, such advances are likely to be utilised for purposes of financing gold purchase at auctions or speculative holding of stocks and bullion, it said. However, it said banks can provide finance for genuine working capital requirements of jewellers. The decision was taken in view of significant rise in imports of gold in recent years putting pressure on currentaccount deficit. In the 2011-12 fiscal, India's gold imports stood at USD 60 billion and the quantum of import was 1,067 tonnes. In the April-June quarter of the current fiscal, however, gold imports had contracted by 18.4 percent year-on-year to Rs 71,912 crore (USD 13 billion). The Monetary Policy Statement of April 2012 announced the constitution of a Working Group to study issues relating to gold imports and gold loans by Non-Banking Financial Companies (NBFCs) in India. The Working Group, submitted its draft report in August 2012, suggested that other than working capital finance, banks are not permitted to finance purchase of gold in any form.

NIFTY TREND ANALYSIS

Nifty was on very slight bear trend to close at 5571. So today the first resistance for nifty is at 5604-08 level. Next resistance ranges are at 5634-39,5652-56 levels.On downside first support is at 5539-35 level. Next supports are at 5507-02,5475-70 level.Nifty is currently in a negative territory so today if nifty is below 5535 be very alert and below 5500 sellers can strike with more strength and on up side chance of covering is only above 5640 level.

Gold, silver bounce back on low-level buying

Snapping a two day losing trend, both the precious metals, gold and silver, today bounced back on buying by retailers at existing low levels for the ongoing wedding season amid a firm global trend. While gold rebounded by Rs 175 to Rs 32,175 per 10 grams, silver gained Rs 100 to Rs 61,100 per kg. Traders said emergence of buying at existing lower levels to meet the wedding season demand amid a firm global trend, mainly pushed up the precious metals prices. They said the gold in overseas markets rose following an escalating conflict in the Middle East spurred demand for a investment haven. Gold in New York, which normally sets the price trend on the domestic front, rose by 0.1 per cent to USD 1,714.70 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity staged a sharp recovery of Rs 175 each at Rs 32,175 and Rs 31,975 per 10 grams, respectively. The metal had lost Rs 485 in last two sessions. Sovereigns remained steady at Rs 25,500 per piece of eight grams. Silver ready also recovered by Rs 100 to Rs 61,100 per kg while weekly-based delivery shed Rs 55 to Rs 60,900 per kg. The metal had lost Rs 1,100 in last two days.

Gold futures rise on global cues

Gold prices rose by Rs 49 to Rs 31,689 per 10 gm in futures trade today as speculators created fresh positions, taking positive cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 49, or 0.15 per cent, to Rs 31,689 per 10 gm, with a business turnover of 403 lots. Similarly, the metal for delivery in February moved up by Rs 53, or 0.17 per cent, to Rs 32,100 per 10 gm, with a business turnover of 36 lots. Marketmen said fresh buying by speculators in tandem with a firm global trend as the weakening dollar boosted appeal for the metal, mainly led to a rise in gold futures. Globally, the gold in Singapore climbed 0.6 per cent to USD 1,723.70 an ounce.

Sensex remains lacklustre.....

The BSE Sensex stayed lacklustre since morning trade, but the broader markets were under pressure with the BSE Midcap losing 0.6 percent. The 30-share BSE benchmark was up just 0.38 point to 18,309.75 and the 50-share NSE benchmark went up 7.5 points to 5,566.55.

Low risk, high reward: The secret at the world's most expensive bank HDFC !!!

When reports surfaced in July that Deccan Chronicle Holdings Ltd was struggling for survival, several of its creditors were caught off-guard. Not HDFC Bank Ltd Even as Deccan, which also owned a glitzy cricket team, sought to reassure markets that it held enough assets to stave off a crisis, HDFC Bank was busy getting rid of the loans extended to the group, three sources with direct knowledge of the matter said. That agility paid off: Deccan has since lost its cricket franchise and its lenders, including heavyweight ICICI Bank Ltd , Axis Bank Ltd and a dozen others, have been left with bad loans totaling $750 million. "Alertness and the ability to pick early signs of problems have helped," Paresh Sukthankar, executive director at HDFC Bank, told Reuters in an interview, pointing to the bank's low bad loans of 0.9 per cent of its book compared with 4.2 per cent expected for the industry by March.

SILVER TREND

The Silver is in perfect uptrend .The open interest is not increasing with trend.Cautious point is buying at higer levels seems decreasing.Positionally Support for the Silver is 60700-60594-60340-59700.Immediate resistance for Silver is 61824.

GOLD TREND

Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .Positionally Support for the Gold is 31418-31166-31162.Immediate resistance for Gold is 32065.

ALUMINIUM TREND

Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Aluminium Cautious point is buying at higer levels seems decreasing.Positionally Support for the Aluminium is 106-104.Immediate resistance for Aluminium is 110

CRUDEOIL TREND

Currently Crudeoil is moving sideways is showing BUY signal.Buy can be considered in the Crudeoil if it close above 4842 or buy with strict stop at 4575.Positionally Support for the Crudeoil is 4691-4683-4664.Resistance for the Crudeoil is 4820-5000-5014

COPPER TREND

Overall trend of the Copper is bearish for medium-long term .In last 1 month volatality is very less and fresh Buy can be considered in the Copper if it close above427 or buy with strict stop at 411.Positionally Support for the Copper is 417.Resistance for the Copper is 424-431-435.

IMG to meet on Today to decide fate of 14 coal mines....

After recommending deallocation of eight blocks alloted to PSUs, the Inter-Ministerial Group (IMG) is likely to meet on Monday to decide the fate of 14 more mines alloted to public sector firms. "The IMG is likely to meet tomorrow to decide the fate of 14 coal blocks alloted to public sector firms," an official in the coal ministry said. The IMG, early in November, had recommended de-allocation of eight such blocks after scrutiny of 19 cases of public sector firms.The panel, whose earlier recommendation for de-allocation of 13 mines to private firms has already been accepted by the government, had also asked for imposition of bank guarantees in six cases and deduction in two cases. The IMG on October 9 and 10 had examined 33 coal blocks allocated to public sector firms which were issued notices for delay in production. The panel has already concluded the scrutiny of 31 coal blocks allotted to 51 private firms and in October , the government had accepted its recommendations for de-allocation of 13 mines and deduction of bank guarantees of 14 allottees. A total of 58 mines were issued show-cause notices for their failure to develop blocks within stipulated timeline. The government had formed the IMG in July to review progress of coal blocks allocated to firms for captive use. The CAG had estimated that undue benefits to the tune of Rs. 1.86 lakh crore might accrue to private firms on account of allocation of 57 mines to them without auction.

NIFTY TREND ANALYSIS

Nifty again slipped to close at 5574 signalling high chance of downward trend. So today the first resistance for nifty is at 5603-07 level. Next resistance ranges are at 5631-35,5681-85levels. On downside first support is at 5544-40 level. Next supports are at 5515-10,5491-87level.Nifty slightly slipped to negative region so today if nifty is below 5540 be very alert and below 5510 sellers can strike with more strength and on up side chance of covering is high above 5635 level.

Shiv Sena Supremo Balasaheb Thackeray passes away

Shiv Sena chief Balasaheb Thackeray died on Saturday in Mumbai after prolonged illness. The 86-year-old Thackeray, who founded the Shiv Sena in 1966 to fight for the rights of Maharashtrians, was suffering from lung and pancreatic ailments and had been put on life-support system for the last few days.

Oil cos to pay Rs 800 for free LPG connection in Delhi

Petroleum Minister Veerappa Moily today approved raising financial contribution of oil PSUs to the free LPG connection being provided by the Delhi government to poor using kerosene as cooking fuel. Under the scheme to make Delhi kerosene-free city, oil PSUs and Delhi government foot the cost of providing the new LPG connection. The security deposit for new LPG connection was recently increased from Rs 1,400 to Rs 1,600. Following this, Delhi Chief Minister Sheila Dixit today met Moily with a request that the increased security deposit should be shared on equal basis which would re-start the process of releasing new connections to BPL/Antyodaya families under Kerosene Free Delhi Scheme of the Government of NCT of Delhi. Sources said Moily readily agreed to this and issued orders wherein oil PSUs would provide Rs 800 per connection from their CSR Budget. An equal amount will be provided by the Delhi government. This will help re-start the ambitious scheme under which 3.56 lakh households are to get LPG cylinder and a gas stove free of cost. The scheme was launched with much fanfare in August but soon came to a grinding halt following increase in security deposit for issue of new LPG connection. Oil PSUs and Delhi government were to share the security deposit in 50:50 ratio but the increase in the fee upset this arrangement as state-owned firms had no sanctions to provide more than Rs 700 per connection.

NIFTY LEVELS FOR TODAY

Positional Support for NIFTY 5606 5544 5428 5308 and positional Resistance for NIFTY is 5690 5691 5692 5705 . Intraday Resistance of NIFTY are 5665.8/5694.7/5727.6/5747.7/5785.9/5824.3 Intraday Support of NIFTY are 5596.2/5567.3/5521.1/5483.8/5446.6

ZINC INTRADAY LEVELS

Buy is advised only above 107.9 with a stop at 105.2 Below 104.5 go for sell and put stop at 107.2 Intraday Resistance of ZINC are 106.9/107.6/110.9/113.9/119/121.9/127.5/133.2 Intraday Support of ZINC are 105.5/104.8/101/98.2/93.6/91/86.3/81.8

NICKEL INTRADAY LEVELS

Buy is advised above 884.6 with a stop at 872.2 Below 869.2 go for sell Intraday Resistance of NICKEL are 884.7/891.1/903.6/918/926/941.3/956.7 Intraday Support of NICKEL are 869.1/862.7/844.6/836.9/822.5/808.3

NATURALGAS INTRADAY LEVELS

Buy is advised above 211.1 with a stop at 204.3 Below 202.4 go for sell Intraday Resistance of NATURALGAS are 208.7/210.6/213.9/217.9/225/228.9/236.6/244.3 Intraday Support of NATURALGAS are 204.7/202.8/199.5/196/189.4/185.8/179/172.4

LEAD INTRADAY LEVELS

Buy is advised only above 122.8 with a stop at 120 Below 119.3 go for sell and put stop at 122.1 Intraday Resistance of LEAD are 121.9/122.7/125.9/129.1/134.5/137.6/143.5/149.6 Intraday Support of LEAD are 120.2/119.4/115.4/112.4/107.4/104.7/99.6/94.7

COPPER INTRADAY LEVELS

Buy is advised above 425.1 with a stop at 417.9 Below 416.1 go for sell with a stop at 423.3 Intraday Resistance of COPPER are 422.4/423.9/430.2/436.1/446.1/451.7/462.4/473.2 Intraday Support of COPPER are 418.8/417.3/410.6/404.9/395.4/390.2/380.3/370.7

SILVER INTRADAY LEVELS

Buy is advised above 61586 with a stop at 60512 Below 60236 go for sell Intraday Resistance of SILVER are 61414/61832/61325/61449 Intraday Support of SILVER are 60405/59987/60339/60216

GOLD INTRADAY LEVELS

Buy is advised above 31674 with a stop at 31315 Below 31238 go for sell Intraday Resistance of GOLD are 31700/31903/31854/31943 Intraday Support of GOLD are 31211/31008/31144/31056

CRUDEOIL INTRADAY LEVELS

Buy is advised above 4791 with a stop at 4687 Below 4658 go for sell Intraday Resistance of CRUDEOIL are 4753/4782/4829 Intraday Support of CRUDEOIL are 4696/4668/4620

Sensex drops over 150 ; OH NO !!!

Indian stock markets saw a sharp selloff in the last hour of trade on Friday. The Sensex dropped over 150 points while the broader Nifty slipped below the key support of 5,600 in a broad based selloff. At 03.10 p.m. the Sensex traded 157 points lower at 18,314 while the broader Nifty dropped 58 points or 1 per cent to 5,573. Indian markets have fallen for five straight days tracking global weakness and poor domestic macro data. The Winter Session of Parliament, starting next week, may throw up some cues for the markets now.

Sensex falls for 6th day, Nifty below 5600

The BSE Sensex fell for the sixth straight day on the back of a sudden selloff in the last hour of trade on Friday. The Nifty shed over 1 per cent to close below the key support of 5,600. The BSE Sensex ended 162 points lower at 18,309 while the Nifty declined 57 points to 5,574. Indian stock markets have been under pressure tracking weak global cues and poor domestic macro data. Earlier this week, factory output data for September indicated a contraction in industrial activity. The trade deficit in October widened to $21 billion, India's worst on record according to Credit Suisse. The headline inflation eased to an eight-month low in October, but RBI governor today said that inflation rate is still high, suggesting that the bank is unlikely to loosen monetary conditions anytime soon to support faltering growth. The Winter Session of Parliament, starting next week, may throw up some cues for the markets now. A weakness in global markets weighed on the domestic shares. Asian markets mostly ended lower while European stocks also traded in the red.

World Gold demand slips 11% in Q3 !!!

Global gold demand fell in the third quarter as investors bought fewer bars and coins and buyers in China held back because of an economic slowdown, an industry group said on Thursday. About 1,085 metric tons of gold was sold worldwide in the three months through September, the World Gold Council said in a report. That's down 139 metric tons, or 11%, from a record 1,223.5 tons in the same period of 2011. Bar and coin purchases slid by nearly a third to 294 tons while jewelry buying dipped 9% to 449 tons. Central bank purchases also slowed. The declines were offset somewhat by rising demand from exchange traded funds that buy gold bars on behalf of investors. Gold, which has risen about 10 percent in the past six months, was trading at $1,725 an ounce. Gold demand in China, the world's second biggest market, "lost further momentum" in the quarter, with demand falling 8% to 176.8 tons as the country's painful economic slowdown hurt consumer sentiment. "This was particularly noticeable among the middle classes whose purchases of 18-carat gold jewelry were among the worst casualties,'' the report said. A slowdown in the number of jewelry stores opening in China, which also sell bars and coins, also hit demand. But the report forecast that China would recover on hopes of an economic stimulus package from the country's new leaders and as the holiday gift giving season approaches. Companies in China would buy gold jewelry and other luxury items to give as bonuses to staff and as a way to thank customers, said Albert Cheng, a managing director at the World Gold Council. India, the world's biggest gold market, rebounded 8% to 223.1 tons as buying picked up again following strikes by jewelers, fewer auspicious marriage days and a new import duty in the first half of the year. Rising prices also prompted people to buy on expectations of further prices increases, the report said.

Banks seen shrinking for good as lay-offs near 160,000 !!!

Banks seen shrinking for good as lay-offs near 160,000 !!! Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the lay-offs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10 percent of the economy. The tally of nearly 160,000 job cut plans, meanwhile, is likely to be a conservative estimate as smaller banks and brokers are also cutting staff or shutting up shop, and bigger banks have not always disclosed target numbers of lay-offs. The tally also does not include reports of 6,000 job cuts to come at Commerzbank, for example, which the German group would not confirm last week. Well-paid investment bankers are bearing the brunt of cost cuts as deals dry up and trading income falls. That is particularly the case in some activities such as stock trading, where low volumes and thin margins are squeezing banks. "When I let go tons of people in cash equities this year, I knew most would be finished in this business. It is pretty dead. Some will just have to find something completely different to do," said one top executive at an international bank in London, on condition of anonymity. The job cuts eat into tax revenues usually reaped from the sector at a time when the global economic recovery is slowing. This year's tax income from the industry in Britain could drop to around 40 billion pounds ($63 billion) this year, compared to 70 billion in 2007/08, when the financial crisis hit, the Centre for Economics and Business Research (CEBR) think-tank said this week. The job cuts announced since the beginning of 2011 come on top of job cuts already carried since 2009. Of the 29 banks, from Europe's biggest bank HSBC to US investment bank Morgan Stanley, just over 83,700 net jobs have been lost since 2009, with 167,200 jobs axed and 83,500 created. Squeezed by regulations forcing banks to store up more capital in their trading businesses, firms are likely to shrink their investment banking units even further, as they overhaul their models to survive. "It is structural as well as in response to cycles in the market. The market is still over-broked," said Zaheer Ebrahim at recruiters Kennedy Group. Swiss bank UBS last month outlined a further 10,000 lay-offs after announcing a plan for 3,500 job cuts last year. It said in October it had decided to exit most of its rates and debt trading units. Workers in retail banking operation will not be immune to job cuts either, particularly in slowing European economies. In France for instance, bank executives predict retail revenues will falter. "There are still 300,000 too many full-time employees in the top financial services players in Europe," said Caio Gilberti from the financial services practice of consultancy AlixPartners. Gilberti said cutting those jobs could lop just over 20 billion euros off banks' collective cost base.

Petrol to be cheaper by Rs. 0.95/liter from midnight !!!

In a marginal relief to consumers, petrol prices have been cut by Rs 0.95 per liter with effect from midnight. Petrol prices were last revised on October 27 when they were raised by 29 paisa to Rs 68.19 per liter in Delhi following government raising the commission paid to petrol pump dealers. Petrol will be priced at Rs 67.24 from tomorrow. The government had in June 2010 deregulated petrol prices giving oil companies freedom to fix rates in line with the cost. However, prices have seldom moved in line with cost and oil companies buckled under political pressure to keep rates checked to help the government manage inflation. Last week Prime Minister Manmohan Singh had justified the recent "difficult" decision to hike prices of petroleum products and asked Congress cadres to have confidence in these measures arguing these were necessary. "We have to make all out efforts to change the conditions that affect the rapid growth of the country's economy," he said addressing a dialogue meeting of top Congress leaders.

BP agrees to record criminal penalties for US oil spill

BP Plc will pay USD 4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst US offshore oil-spill ever. The settlement includes a USD 1.256-billion criminal fine, the largest such levy in US history, the oil company said on Thursday. US Attorney General Eric Holder called the deal a "critical step forward" but was adamant that it did not end the government's criminal investigation of the spill. The government also indicted the two highest-ranking BP supervisors aboard the Deepwater Horizon during the disaster, charging them with 23 criminal counts including manslaughter. The April 2010 explosion on the rig in the Gulf of Mexico killed 11 workers. The mile-deep (1.6 km) Macondo oil well then spewed 4.9 million barrels of oil into the Gulf over 87 days, fouling shorelines from Texas to Florida and eclipsing in severity the 1989 Exxon-Valdez spill in Alaska. The company said it would plead guilty to 11 felony counts related to the workers' deaths, a felony related to obstruction of Congress and two misdemeanors. It also faces five years' probation and the imposition of two monitors who will oversee its process safety and ethics for the next four years. Wall Street analysts said the deal will allow BP to focus again on oil production, while one US Senator from Louisiana said he hoped the settlement would not prevent his state and others from collecting civil penalties. US-listed BP shares gained about 0.3 percent on Thursday while its London-traded shares were flat. BP, which replaced its chief executive after the spill as its market value plummeted, still faces economic and environmental damage claims sought by four Gulf Coast states and other private plaintiffs. "It certainly is an encouraging step," said Pavel Molchanov, oil company analyst with Raymond James. "By eliminating the overhang of the criminal litigation, it is another step in clearing up BP's legal framework as it relates to Macondo." The disaster has dragged BP from second to a distant fourth in the ranking of top Western oil companies by value.

Sensex up 50 pts......

The 30-share BSE Sensex was completely lacklustre in early trade on Friday amid concerns over weak Eurozone economic activity and US fiscal crisis. The BSE benchmark was up 54.41 points to 18,525.78. Telecom operators Bharti Airtel and Idea Cellular were up over 1 percent, extending gains after 2G spectrum auction. Cigarette major ITC and private oil & gas producer Reliance Industries went up 0.8 percent each. Software services exporter Infosys moved up 0.5 percent while its rival TCS declined 0.3 percent. Capital goods majors Larsen & Toubro and BHEL gained 0.5 percent. HDFC, HDFC Bank, ICICI Bank, Wipro, Dr Reddy's Labs, Tata Power and GAIL were under pressure. The CNX Midcap Index was up 27 points at 7,966. In the second line shares, Tata Coffee jumped another 7 percent following yesterday's 20 percent rally. Other beverages stocks like Jayshree Tea and Assam Company gained over 2 percent.

Why Nifty may be under pressure today.....

The US markets recovered from their lows, but still finished in negative territory in a choppy session. With the recent declines, the Dow and S&P 500 are on pace for their biggest monthly losses since May. All three major indices have plunged more than 5% since last week's presidential election. On the economic data front, US eco data weekly jobless claims were up 78,000 to 439,000 during the week ended tenth of November, was way beyond economists' expectations. Consumer price index edged up 0.1% in October following a 0.6% rise in September

Petrol to be cheaper by Rs. 0.95/liter from midnight !!!

In a marginal relief to consumers, petrol prices have been cut by Rs 0.95 per liter with effect from midnight. Petrol prices were last revised on October 27 when they were raised by 29 paisa to Rs 68.19 per liter in Delhi following government raising the commission paid to petrol pump dealers. Petrol will be priced at Rs 67.24 from today. The government had in June 2010 deregulated petrol prices giving oil companies freedom to fix rates in line with the cost. However, prices have seldom moved in line with cost and oil companies buckled under political pressure to keep rates checked to help the government manage inflation. Last week Prime Minister Manmohan Singh had justified the recent "difficult" decision to hike prices of petroleum products and asked Congress cadres to have confidence in these measures arguing these were necessary. "We have to make all out efforts to change the conditions that affect the rapid growth of the country's economy," he said addressing a dialogue meeting of top Congress leaders.

Asian Markets retreat on US fiscal cliff fears !!!

Asian stocks mostly fell on Thursday as investors reacted to the prospect of drawn-out negotiations over the looming US "fiscal cliff" by shedding riskier assets, but Japanese equities bucked the trend as a sharp slide in the yen lifted exporters' shares. The retreat from risk also weighed on commodities, with the exception of oil, which jumped in the previous session due to rising tensions in the Middle East after Israel launched an offensive against Palestinian militants in Gaza. "Of course we did just see a sharp sell-off on Wall Street as we approach that fiscal cliff," said Stan Shamu, market analyst at IG Markets in Melbourne. "It just seems that there's not much confidence out there." MSCI's broadest index of Asia Pacific shares outside Japan fell 0.9 per cent, with shares in South Korea , Australia and Hong Kong all losing 1 per cent or more. But Tokyo's Nikkei rose 0.9 per cent as the boost given to exporters such as Toyota Motor Corp, Honda Motor Co and Canon Inc. by a slide in the yen the previous day outweighed global concerns.

Pre-market: Nifty seen opening lower on weak global cues

The 50-share Nifty index is expected to open lower on Thursday tracking weak global cues. The markets will also react to inflation numbers which eased marginally in the month of October. Inflation declined marginally to 7.45 per cent in October even though prices of food items like rice, wheat pulses and potato showed a rise, according to data released on Wednesday. At 07:30 a.m., Nifty India stock futures in Singapore were down 47.50 point at 5,657.50, indicating a lower opening on the domestic market. The Dow Jones industrial average fell 185.23 points, or 1.45 per cent, to 12,570.95 at the close. The S&P 500 dropped 19.04 points, or 1.39 per cent, to 1,355.49. The Nasdaq Composite lost 37.08 points, or 1.29 per cent, to 2,846.81.

Nifty near day's low; Bharti, Idea rise post 2G auction

The NSE Nifty was trading near day's low due to weakness in ITC and Infosys. Reliance Industries, ICICI Bank, TCS and Tata Motors too added pressure whereas Bharti and HDFC outperformed other bluechips. The 30-share BSE benchmark dropped 171 points to 18,448.08 and the 50-share NSE benchmark was down 51 points to 5,615.80. In the second line shares, Tata Coffee surged 17.5 percent. Amtek Auto, Biocon, Shree Global and M&M Financial were up 3-4 percent while Jindal Saw, Muthoot Finance, HDIL, Indiabulls Real and Pantaloon Retail were down 4-6 percent. Top telecom operator Bharti Airtel and its rival Idea Cellular gained 3-4 percent after 2G spectrum auction. Housing finance company HDFC rose 0.5 percent and FMCG major Hindustan Unilever was up 0.23 percent. Shares of ITC, Infosys, Reliance Industries, ICICI Bank, TCS and Tata Motors tanked 1-2 percent. Lenders HDFC Bank and State Bank of India were down 0.6 percent each. The market breadth was negative as about 822 shares advanced while 1596 shares declined on the Bombay Stock Exchange. Among Asian markets, Shanghai, Hang Seng, Straits Times and Kospi fell 0.4-1 percent but Nikkei extended gains to 1.8 percent after Japan's main opposition leader, Shinzo Abe, who is expected to win next month's election, said he wants the Bank of Japan to adopt interest rates of zero or below zero to enhance lending. (with inputs from Reuters)

Oil slips to USD 85 a barrel

Oil prices fell below USD 86 a barrel Wednesday in international markets. West Texas Intermediate crude oil in New York lost 25 cents overnight to USD 85.13 a barrel. Reformulated blendstock gasoline added 1.96 cents to USD 2.6734 per gallon overnight. Home heating oil prices added 0.57 cents to USD 2.9665 per gallon. Natural gas prices rose 2.3 cents to USD 3.762 per million British thermal units.

Sensex trades down 117 pts; IT, Auto, Metal fall....!!!

Indian markets declined on Thursday. At 10.07 a.m., the Sensex was trading down 117.03 points or 0.63% at 18,501.84 with 19 components falling. Meanwhile, the Nifty was trading lower by 33.55 points or 0.59% at 5,633.40 with 36 components falling. The 30-share benchmark index, BSE Sensex opened with a decline of 28.80 points or 0.15% at 18,590.07, while the broad based NSE Nifty started with a fall of 16.60 points or 0.29%, at 5,650.35

Sensex drops 150 pts; ITC, Infosys, Reliance, ICICI weigh

Indian equity benchmarks remained under pressure with the Nifty trading below the 5650 level, weighed down by oil & gas exploration, technology, auto, metals and banking & financials stocks. The 30-share BSE Sensex dropped 156 points to 18,462.92 and the 50-share NSE Nifty lost 46.6 points to 5,620.35. Country's largest lender State Bank of India and private sector lender were down 0.5 percent each while their rival ICICI Bank fell 1 percent. Software services exporters Infosys and TCS tumbled 2.27 percent adn 1.65 percent, respectively.

Audit warned of low 2G auction rates !!!

The low values in the 2G auction and unclaimed spectrum ought not to be a surprise for the government as an internal assessment had warned that poor market conditions, deficient auction design and policy drift could hurt revenues. The need to freeze policy parameters to assure bidders that goal posts will not be moved while keeping in mind the state of the economy and country ratings was pointed out in the run up to the auction necessitated by Supreme Court scrapping 2G licences. A note submitted to the inter-ministerial committee overseeing the auction process said telecom regulator Trai's recommendation that 1.25Mhz spectrum be allocated to existing licences in the 1800 Mhz (2G) band at auction determined prices will result in these operators k eeping away from the auction. This would depress demand, harm the auction and the government will lose revenue, the note said while succinctly arguing that market conditions have an important bearing on the success or failure of competitive bidding. Under pressure from the SC to move ahead with auctions cancelled in the wake of former telecom minister A Raja and promoters and senior executive of telecom firms being jailed on alleged corruption charges, the government might have ignored the red flags. Hauled over the coals for the 2G scam, the government perhaps developed cold feet in informing the apex court that the timing of the auction was not propitious given a gloomy economic scenario at home and abroad, feel sources familiar with the developments. Sources said the auction has been hit by older telecom players not needing spectrum while cash-strapped newer entrants, scalded by the scam, participating largely in the hope of the Rs 1,658 crore they paid for cancelled 2G licences being adjusted against a winning bid.

FM to meet heads of PSU banks today.....

Finance Minister P Chidambaram will meet heads of public sector banks tomorrow and review financial performance and credit flow to productive sectors in the light of subdued economic activity, among other issues. The broad agenda of the meeting include review of first half numbers, deteriorating asset quality, credit growth, official sources said. Non-performing assets of the banks have been on the rise for past several months due to slowdown in economy. The Gross NPAs of some public sector banks, including State Bank of India, Punjab National Bank and Central Bank of India, have crossed 4 percent of total assets at the end of September, 2012. The meeting will also dwell upon steps to increase credit flow to micro, small and medium enterprises (MSMEs), farm sector, infrastructure and housing sector, they added. The high-profile meeting will be held in the backdrop of the half-yearly review of monetary policy by the Reserve Bank of India (RBI) wherein central bank left benchmark interest rate unchanged on concern of inflation. However, it reduced cash reserve ratio by 0.25 percent to infuse additional liquidity of around Rs 17,500 crore into the financial system. Accordingly, the CRR, or the portion of deposits banks have to park with the RBI, now stands at 4.25 percent, while the repo rate, at which RBI lends to the system, has been retained at 8 percent. The reverse repo, at which RBI absorbs excess liquidity through borrowings from banks, remains at 7 percent. Following the monetary action by RBI on October 30, many banks ruled out rate correction immediately.

Sensex pares early losses; banks, IT drag; telecom surges

The BSE Sensex fell as much as 180 points in early trade on Thursday following concerns over US fiscal and geopolitical tension in West Asia. But immediately the market showed some recovery, helped by telecom stocks and somewhat short covering. The 30-share BSE Sensex was down 144 points to 18,474.87 and the 50-share NSE Nifty lost 43 points to 5,623.70. In the US markets, the Dow Jones closed at a 5-month low yesterday, losing 1.45 percent following President Barack Obama's press conference on the fiscal cliff, worries over the global economy and amid geopolitical tension in West Asia. Even Asian markets were under pressure. Shanghai, Hang Seng, Straits Times and Kospi went down 0.6-1.5 percent whereas only Nikkei outperformed with gains of over 1 percent.

CARDAMOM INTRADAY LEVELS

Buy is advised only above 822.4 with a stop at 791.4 Below 782 go for sell and put stop at 813.3 Intraday Resistance of CARDAMOM are 808.7/815.2/825.9 Intraday Support of CARDAMOM are 795.9/789.4/778.7/761.9

CARDAMOM TREND

Currently Cardamom is moving sideways The Cardamom is now trading in oversold level.In last 3 weeks Cardamom is trading in low volatality Buy the Cardamom above 856 or buy with strict stop at 757.Positionally Support for the Cardamom is 790.Resistance for the Cardamom is 842-897-924.

ZINC INTRADAY LEVELS

Currently Zinc is in BUY position In short term Zinc is in strong up trend so hold with stop at 103. Intraday Resistance of ZINC are 104.9/105.6/109.2/112.2 Intraday Support of ZINC are 103.2/102.5/99.4/96.6

ZINC TREND

Currently Zinc is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend.Positionally Support for the Zinc is 103-101-100-. Immediate resistance for Zinc is 105

SILVER INTRADAY LEVELS

Currently Silver is in BUY position In short term Silver is in strong up trend so hold with stop at 60650. Intraday Resistance of SILVER are 61233/61589/61415/61538 Intraday Support of SILVER are 60374/60018/60427/60304

SILVER TREND

Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume.Positionally Support for the Silver is 60305-59457-59398-59391.Resistance for the Silver is 61383

NICKEL INTRADAY LEVELS

Buy nickel above 889.2 with a stop at 876.8 Below 873.8 go for sell with stop at 886.2 Intraday Resistance of NICKEL are 883.6/885.3/896.2 Intraday Support of NICKEL are 879.4/877.7/867.7

NICKEL TREND

Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .Positionally Support for the Nickel is 872-871-.Resistance for the Nickel is 886-909-915

NATURALGAS INTRADAY LEVELS

Buy is advised only above 207.9 with a stop at 200.9 Below 198.9 go for sell and put stop at 205.9 Intraday Resistance of NATURALGAS are 205.3/207.3/210.5/212.6 Intraday Support of NATURALGAS are 201.5/199.5/196.3/194.9

NATURALGAS TREND

The Naturalgas is in perfect uptrend cmp-204.Currently Naturalgas is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 197-194.

GOLD INTRADAY LEVELS

Buy gold above 31975 with a stop at 31559 Below 31463 go for sell with stop at 31879 Intraday Resistance of GOLD are 31817/31899/32103/32193 Intraday Support of GOLD are 31620/31538/31391/31302

GOLD TREND

Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend.Positionally Support for the Gold is 31137-31115-31108-31052-31020-30735.Immediate resistance for Gold is 32065

CRUDEOIL INTRADAY LEVELS

Buy is advised above 4760 with a stop at 4634 Below 4601 go for sell with stop at 4724 Intraday Resistance of CRUDEOIL are 4704/4724/4775 Intraday Support of CRUDEOIL are 4655/4634/4606

CRUDEOIL TREND

Crudeoil is bearish for medium-long term .Currently Crudeoil is moving sideways.BUY Signal and Crudeoil is recovering from oversold level .In last 1 month volatality is very less Buy the Crudeoil 18dec2012 above 4842 or buy with strict stop at 4575.Positionally Support for the Crudeoil 15nov2012 is 4660-4657. resistance for the Crudeoil is 4738-4845.

LEAD INTRADAY LEVELS

Buy is advised above 121.1 with a stop at 117.5 Below 116.5 go for sell Intraday Resistance of LEAD are 119.5/120.1/124.3 Intraday Support of LEAD are 118/117.4/113.8/110.9

LEAD TREND

The Lead is in perfect uptrend cmp-119.Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing.BUY signal For short term The current position.Positionally Support for the Lead is 118-117-116.Immediate resistance for Lead is 122

COPPER INTRADAY LEVELS

Buy is advised above 423.4 with a stop at 416 Below 414.1 go for sell Intraday Resistance of COPPER are 420.8/422.6/429.1/435 Intraday Support of COPPER are 416.7/414.9/409.5/403.8

COPPER TREND

Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing.BUY signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 416-.Resistance for the Copper is 426-431.

ALUMINIUM INTRADAY LEVELS

Buy is advised above 109.8 with a stop at 106.3 Below 105.3 go for sell with stop at 108.8 Intraday Resistance of ALUMINIUM are 107.9/108.2/112.6/115.6 Intraday Support of ALUMINIUM are 107.2/106.9/102.6/99.8

ALUMINIUM TREND

The Aluminium is in perfect uptrend CMP 108 .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing.BUY signal For short term The current position is BUY .Positionally Support for the Aluminium is 107-106-105-104-. Immediate resistance for Aluminium is 108

Bull mkt on; see strong reformist govt in '14: Jhunjhunwala

The market is gradually revving up for a bull run that could take off in about 14-15 months time, feels Big Bull Rakesh Jhunjhunwala. He is betting on inflation, and commodity and interest rates to ease hereon. And contrary to popular opinion, Jhunjhunwala expects the 2014 general elections to throw up a strong reformist government. "We will get a far better government in 2014 or whenever the elections are held, than what people are anticipating," he said in an interview with CNBC-TV18. "Whichever government comes in, will have to take right decisions even if it is fragmented. I feel we will get BJP-led government and if Mr Modi is made the Prime Minister, I am told he is going to be BJP's prime ministerial candidate, we can have some good work very soon," he said. On the stocks in his portfolio, Jhunjhunwala is bullish on the long term prospects of Lupin , Praj Industries and Nagarjuna Constructions. And while there have a few disappointments like A2Z and Hindustan Oil Exploration, Jhunjhunwala says he has no regrets since the outperformers have more than made up for the laggards.

Oct Inflation falls to 7.45%, slowest in 8 months.....

Government data showed on Wednesday. India's wholesale price index (WPI) rose a slower-than-expected 7.45 percent in October from a year earlier.Analysts on average had expected an annual WPI rise of 7.96 percent. The annual reading for August was revised up to 8.01 percent.

India set to allow cheaper wines, cars from Europe !!!

Now one can hope to drive in the latest Audi or BMW at a considerably lower price as the government may lower the import duty to 30% in 2017 and scale it down further to 20% in 2020 as part of the Broad-based Trade & Investment Agreement (BTIA) with the 27 nation bloc. Similarly, customs duty on "high-end" wine is proposed to be slashed to 30% from near 150% levels now. Although the move may not be palatable to local players, for consumers, this could mean an endless party as anything that costs over $3.75 a bottle is likely to be subjected to lower import duty. The steep reduction will make life difficult life for local players, especially at a time when home-grown barons such as Vijay Mallya too have been forced to sell stakes to global giants. In case of automobiles, when to reduce import duty to 30% is a bone of contention. EU is demanding that the levy be slashed to that level in 2017 itself, while Indian negotiators had got the Trade & Economic Relations Committee headed by the prime minister to agree to the cut sometime around 2022. The current tariff for import of automobiles is 100%, although the notified rate, which is applied to new cars, is 60%.

Rupee falls to 2-month low, erases post-reform gains !!!

The rupee fell to its lowest in early two months after data showing a record trade deficit and a contraction in factory output stoked fears about economic growth at a time of continued high inflation. The rupee's fall to as low as 55.12 to the dollar has erased a rally sparked by the government's announcements of a slew of fiscal and economic reforms in mid-September that took the local currency to as high as 51.32 to a dollar on Oct 5. However, the rupee has steadily slipped since that peak, as investors resumed their focus on an economy set to grow at its slowest pace in a decade and on little prospects of immediate rate cuts as Reserve Bank of India retains its focus on inflation. The trade deficit "is negative on the rupee. The uptrend in headline WPI into 8 per cent has come into radar now. The rupee will need strong support from the euro to prevent extended weakness beyond 55.10," said Moses Harding, head of asset liability management at IndusInd Bank.

SILVER TREND

The Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 60111-59431-59211-59177-58330-.Resistance for the Silver is 61539

GOLD TREND

The Gold is in perfect uptrend .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 31151-31063-30972-30970-30950-30686-. Immediate resistance for Gold is 31864.

CRUDEOIL TREND

Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 4656-4649-.Resistance for the Crudeoil is 4750-4871-5019-5024.

NIFTY TREND ANALYSIS

Nifty closed on a bearish note at 5686. So today the first resistance for nifty is at 5706-10 level. Next resistance ranges are at 5726-29,5762-67,5804-08,5824-28,5842-46,5871-76,5897-02,5917-22 levels. On downside first support is at 5666-62 level. Next supports are at 5645-40, 5610-05,5585-80,5560-55,5518-13,5488-83,5465-60, level.So today be very alert below 5640 and avoid longs below that level and on upside intra resistance will be at 5710 and 5729 level.

Sensex flat; BHarti Airtel up 2% on 2G auction !!!

The BSE Sensex remained lackluster amid low volumes, tracking mixed global cues. Investors awaited for September industrial output data that may come in higher at more than 3% led by stronger core sector growth, according to CNBC-TV18 poll. This compares to the 2.7 percent in August which is a month on month pick up simply indicating that the trend would then be on the upside in the second half of the fiscal. The 30-share BSE benchmark gained 18.31 points at 18,701.99 and the 50-share NSE benchmark rose 10.4 points to 5,696.65. Country's largest telecom operator Bharti Airtel gained 2 percent as auction for 2G spectrum began today morning. Its rival Idea Cellular went up 1.5 percent. United Spirits extended gains to 20.7 percent following the upgrade reports by brokerage firms after the stake sale deal between the UB group and UK based Diageo. JPMorgan has upgraded the stock to overweight and raised target of Rs 1645 on the stock while CLSA raised the target to Rs 1800.

United Spirits shares jump on Diageo deal !!!

On Monday, shares of United Spirits Ltd. jumped as much as 21% to a 2-year high after several brokerages upgraded the stock, saying the Indian liquor company sold a stake to Diageo at a higher than expected price. Morgan Stanley raised its rating on United Spirits to 'overweight' from 'equal-weight', saying the $2.1 billion deal priced the company "significantly higher" than its base case value. "USL is now a stock for every portfolio, we believe," Morgan Stanley analysts wrote in a note on Monday, while also raising its price target to 1,905 rupees from 1,000 rupees. Diageo agreed on Friday to buy a 53.4 percent stake in the liquor maker controlled by Indian businessman Vijay Mallya by first acquiring 27.4 % from its founders at 1,440 rupees per share, and then launching a mandatory offer for the remainder. United Spirits shares were up 20.6 percent at 1,640.70 rupees as of 0503 GMT, after rising to as much as 1,646.00 rupees, their highest since October 7, 2010. CLSA raised its rating to 'buy', while setting a new target price at 1,800 rupees, saying the deal would benefit United Spirits by reducing debt levels, increasing earnings, imposing financial discipline and providing operational advantages. "We see this deal as a game changer for UNSP," CLSA said in an email to clients.

September IIP contracts shockingly to 0.4% YoY !!!

The Index of Industrial Production ( IIP) for the month of September fell to a shocking (-) 0.4 per cent on a year-on-year basis. The number is way below the ET Now poll estimates of 3%. Revised figures released on Monday showed August output growth was revised down to 2.3 percent from 2.7 percent. In the April-September period, industrial production expanded an annual 0.1 percent. The consumer durables sector contracted at (-)1.7% versus a growth of 8.9% year-on-year. The manufacturinf sector growth also fell sharply at (-)1.5% versus 3.1% YoY. The basic goods sector exhibited a growth of 3.5% versus 5.3% and the mining sector grew at 5.5% versus (-) 7.5% YoY. The electricity sector grew ar 3.9% versus 9% YoY. Indian economy is set to expand at the world's fastest rate over the next 50 years to emerge as a major force globally, but it would still rank as the second worst in terms of prosperity of its citizens. Over the 50-year period between 2011-2060, India will register an annual economic growth rate of 4.9 per cent, as per a latest report by Paris-based international grouping of the world's leading economies, the Organisation for Economic Cooperation and Development ( OECD).

SPECIAL TRADING SESSION ON GOLD ETF OF DHANTERAS ON NOVEMBER 11, 2012

Timings CM MFSS 11:00 hrs Normal Market open Normal Market open 15:30 hrs Normal Market close Normal Market close 15:40 hrs Closing Session start 15:50 hrs Closing Session end

Intraday Level Of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position Crudeoil is in sideways and sellers was at high so for short term better buy above 4798.4 or hold with stop at 4593.0 The next resistance will be at 4823.0 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 4798.4 with a stop at 4674.7 Below 4639.9 go for sell and put stop at 4763.4 Intraday Resistance of CRUDEOIL are 4753.9/4788.8/4846.7/4832/4866.8 Intraday Support of CRUDEOIL are 4684.1/4649.2/4591.3/4558/4524.3

Short Term and Intraday Level Of CRUDEOIL....

Trend updated for-Nov/10/2012.CMP-4719 Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 4652-4645-.Resistance for the Crudeoil is 4756-4883-5019-5030-

Intraday Level Of Silver........

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 59199 The Silver is now trading is approaching overbought level. The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 61957.7 with a stop at 60139.9 Below 59616.5 go for sell with a stop at 61432.2 Intraday Resistance of SILVER are 61101.1/61417.2/61941.9/61135.8/61259.5 Intraday Support of SILVER are 60468.9/60152.8/59628.1/60150.8/60028.3

Short Term and Intraday Level Of Silver.....

Trend updated for-Nov/10/2012.CMP-60785 The Silver is in long- short-medium- short- term bull phase .Currently Silver is in downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 60010-59448-59084-59026-58249-.Resistance for the Silver is 61587- Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 59199 The Silver is now trading is approaching overbought level. The Silver is now trading is approaching overbought level.

Nifty has key support at 5,600....

Despite, a massive sell off in US and European markets, our benchmark indices showed tremendous resilience as we opened nearly 1% lower and eventually managed to close marginally in the negative territory. Going forward, the hourly support level of 5,640 would act as a key support for Nifty. A sustainable move below this level may result into intraday pessimism in the market.

Nifty has key resistance at 5,760....

''The Nifty expected to head higher till 5,950 with support around 5,600 in the immediate run. The key supports in the immediate run will be around 5,640 and resistance will be at 5,760 Of the 50 stocks of the Nifty.

Re 1 a litre cut in petrol price likely soon

Petrol price may be cut by as much as Re 1 per litre over the next few days when state-owned oil firms review rates. Petrol prices were last revised on October 27 when they were raised by 29 paise to Rs 68.19 per litre in Delhi following government raising the commission paid to petrol pump dealers. "There has been some reduction in gasoline rates (against which the domestic price of petrol is benchmarked against) giving us some margins (on petrol). But they have moved up again in the last few days. "Also, rupee has appreciated against the US dollar ... we have to take a view (on prices) keeping all these factors in mind," said R S Butola, Chairman of Indian Oil Corp , the nation's largest fuel retailer. The oil companies were making a margin of close to Rs 2 per litre, but considering the impact of rise in gasoline rate and appreciation in rupee, the net available margin may be just around Re 1 per litre. "We will review (prices) in next few days ... may be at the end of the week or early next week," Butola said. The government had in June 2010 deregulated petrol prices giving oil companies freedom to fix rates in line with the cost. However, prices have seldom moved in line with cost and oil companies buckled under political pressure to keep rates checked to help the government manage inflation. Butola said IOC lost Rs 1,167 crore on selling petrol below cost during the first six months of current fiscal. And since the product is deregulated, there will be no subsidy support from the budget to cover these losses. Hindustan Petroleum Corp Director (Finance) B Mukherjee said, "We are making profit on petrol like any other free product." Refusing to divulge the margin on petrol, Mukherjee said in April-September the company had lost Rs 678 crore on selling petrol below its cost. Oil companies have abandoned the practice of revising petrol rates on 1st and 16th of every month by taking the fortnightly average of benchmark gasoline and rupee-USD rate. "We have updated our system to practically do a daily change in prices but as you know there is lot of volatility in international oil prices as well as rupee-USD forex rates," Butola said.

Gold prices may rise 20% on Dhanteras....

Gold prices may jump further by 20 per cent to touch Rs 32,500 per 10 gram here on 'Dhanteras', a day considered auspicious for buying the precious metal, bullion traders said. Bullion traders expect that high prices would hit sales in volume terms by up to 30 per cent compared to the last 'Dhanteras' sales. "Gold rates have increased by Rs 270 to Rs 32,040 per ten gram today taking strong global cues. Domestic prices are expected to rise by at least Rs 200-300 to touch Rs 32,500 per ten gram.

Sensex rangebound; Shipping Corp, Ashok Leyland up over 5% !!!

The BSE Sensex continued to move in a range around its previous closing value due to lack of local and global cues. Shares of Jindal Steel & Power gained 1.4 percent ahead of second quarter numbers today; Profit after tax is likely to increase 2.6 percent year-on-year to Rs 898 crore in the quarter. The 30-share BSE benchmark fell 16 points to 18,830.42 and the 50-share NSE benchmark was down 5 points to 5,733.45. United Spirits touched 52-week high of Rs 1,425 (gaining 6 percent) as sources say the UB Group-Diageo agreed on financial & management contours and they may may announce deal of stake sale tomorrow. In the second line shares, Shipping Corporation of India surged nearly 6 percent after the company reported a profit of Rs 297 crore in the second quarter of FY13 as against loss of Rs 140 crore in a year ago period. Ashok Leyland rose 5 percent as its September quarter results were significantly ahead of estimates. The company reported a big operational surprise and margins grew 210 basis points QoQ despite tough macro environment.

Gold may trade in range of 31,200-31,500:

Outlook on bullions, base metals and energy segments: Bullions: Bullion counter may remain sideways with upside bias on safe haven demand. Euro zone concerns are expected to keep upside capped. Meanwhile Dollar index can move in range of 80-82 levels. On domestic bourses, gold can trade in range of 31,200-31,500 while silver can trade in range of 59,000-60,500 in near term. Some fresh safe-haven demand is surfacing this week, amid concerns about the approaching U.S. fiscal cliff and about the European Union sovereign debt crisis. The fresh safe-haven demand in the gold market Thursday was further evidenced by very strong demand at a U.S. government treasury note auction at midday. Base metals: Base metals counter may remain on mixed path as some short covering can be seen after recent fall. Copper can trade in range of 413-419 in MCX while Lead can trade in range of 120-122 in MCX while Zinc may trade in range of 103-104.5 while Nickel may also trade in range of 865-885 in MCX and Aluminium can also trade in range of 103.50-105. Copper edged higher on Thursday in cautious trade ahead of a leadership transition in top metals consumer China, which may result in fresh economic stimulus measures, while concerns about weak demand and the U.S. economy capped the upside. Metals prices were pressured as the euro fell to a two-month low after the European Central Bank kept interest rates at a record low and said the euro zone economy showed little sign of recovering before the year-end. Energy: Crude oil can trade in range of 4,550-4,650 in near term. Crude oil ended higher on Thursday, recovering from a steep plunge in the previous session, but gains were only modest as trepidation over Europe`s economy and looming negotiations over the U.S. fiscal cliff weighed on the market. After U.S. President Barack Obama won a second term on Tuesday, anticipation is high that Democrats and Republicans will move quickly to avert the $600 billion package of automatic spending cuts and tax increases that could crush the U.S. economic recovery.Natural gas may remain on volatile note in range of 193-198 in MCX. Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.

Vijay Mallya led United Breweries Q2 profit at Rs 34.2 cr !!!

United Breweries Ltd on Friday posted a net profit of Rs 34.2 crore for the second quarter ended September 30, as against Rs 19.5 crore in the year-ago period. The revenue of the company, part of Vijay Mallya-led UB Group, also rose to Rs 875 crore in the same period. The company had recored revenue of Rs 750 crore in the second quarter of the previous fiscal. On quarter-on-quarter basis, the net profit, however, fell sharply from Rs 98.64 crore in the first quarter of current fiscal, while revenue also declined from Rs 1,226 crore in the three-month period ended June 30. The company said its results are not comparable on year- on-year basis as a number of entities have been amalgamated with United Breweries during the past financial year. Still, a good set of results by the company, whose group firm Kingfisher is facing severe financial crisis and another group entity United Spirits is reportedly in talks for stake sale to global liquor major Diageo, helped United Breweries' share price soar to its record high of Rs 820 this morning.

RBI cuts CRR by 25 bps; leaves policy rates unchanged

India's central bank slashed cash reserve ratio (CRR) by 25 bps in its mid-quarter policy review on Monday. The RBI left key lending and borrowing rates unchanged suggesting inflation continues to be its top priority.

It kept repo and reverse repo rates unchanged at 8% and 7% respectively, while CRR reduced to 4.5% from 4.75% earlier. The CRR cut will pump Rs 170 billion as additional liquidity in the banking system.

While the recent upward revision in diesel prices and rationalisation of subsidy for LPG is a significant achievement, in the short-term, there will be pressures on headline inflation. Over the medium-term, however, it will strengthen macroeconomic fundamentals, the RBI said. Over the longer run, holding down subsidies to under 2% of GDP as indicated in the Union Budget for 2012-13 is crucial to manage demand-side pressures on inflation. Containing inflationary pressures and lowering inflation expectations warrant maintaining the momentum of recent policy actions to step up investment, alleviate supply constraints, and improve productivity, it opined.

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