ANGEL STOCK MARKET

Thursday, March 3, 2011

BANKNIFTY FOR SUPPORT 03/03/2011

BANKNIFTY (2nd Resistance) 11214.97
(1st Resistance) 11065.93
Pivot point 10792.97
(1st Support) 10643.93
(2nd support) 10370.97

NIFTY FOR SUPPORT 03/03/2011

NIFTY (2nd Resistance) 5671.28
(1st Resistance) 5607.57
Pivot point 5491.28
(1st Support) 5427.57
(2nd support) 5311.28

BUY RELCAPITAL(500111) 03/03/2011

BUY RELCAPITAL(500111): 483 STOP-LOSS:479 TARGET:494-TGT2:502

CALL FOR INTRADAY TARGET

FII DII DATA 03/03/2011

FII Data: Net Index Futures (1606), Net Stock Futures (391), Derivative Market: Total Open Interest (Rs 1,19,360cr), Stock Futures Open Interest (Rs 29,641cr)

Global Markets update 03/03/2011

DJIA Up 8.8 (0.1%) NSDQ Up 10.7 (0.4%) FTSE 100 Down 21 (0.4%) Asian Markets as on 8.45 AM NIKKEI Up 55 (0.5%) HANG SENG Up 77 (0.33%) SGX NIFTY Down 63

Indian ADRs Update 03/03/2011

INFOSYS Down 0.6 (1.0%), WIPRO Down 0.1 (0.7%), ICICI BANK Up 0.0 (0.0%), HDFC BANK Up 0.8 (0.5%)

Tuesday, March 1, 2011

BANKNIFTY FOR SUPPORT 01/03/2011

BANKNIFTY (2nd Resistance) 10966.27
(1st Resistance) 10704.63
Pivot point 10537.82
(1st Support) 10276.18
(2nd support) 10109.37

NIFTY FOR SUPPORT 01/03/2011

NIFTY (2nd Resistance) 5571.2
(1st Resistance) 5454.6
Pivot point 5382.3
(1st Support) 5265.7
(2nd support) 5193.4

FII DII DATA 01/03/2011

Net Index Futures (1,104.53), Net Stock Futures (472.05), Derivative Market: Total Open Interest (Rs 1,10,747cr), Stock Futures Open Interest (Rs 28,174cr)

Indian ADRs Update 01/03/2011

INFOSYS Down 0.6 (1.0%), WIPRO Down 0.1 (0.9%), ICICI BANK Down 0.5 (1.2%), HDFC BANK Up 1.2 (0.8%)

Global Markets update 01/03/2011

DJIA Up 96 (0.8%) NSDQ Up 1.2 (0.0%) FTSE 100 Down 7.2 (0.1%) Asian Markets as on 8.45 AM NIKKEI Up 73 (0.7%) HANG SENG Down 32 (0.1%) SGX NIFTY Up 41

Monday, February 28, 2011

Budget 2011 Highlights5

Gross tax receipts seen up 24% yoy to Rs9.32lakh crores
Non-tax revenue seen at Rs1.25lakh cr in FY2012
Fiscal deficit down from 5.5% to 5.1%. Target of 4.6% for FY2012 - positive for markets
FY2013 fiscal deficit target of 4.1%
Increase in income-tax exemption limit from Rs1,60,000 to Rs1,80,000
Senior citizen age decreased from 65 to 60. Exemption limit increased to Rs2,50,000 from Rs2,40,000
Surcharge on companies reduced from 7.5% to 5% - positive for tax-paying companies
Investment link deduction for fertiliser companies, Positive for all fertiliser companies
Branded Jewellery to attract additional 1% excise duty, Negative for Titan
Micro-irrigation equipment to have lower excise of 5% from 7.4%, Positive for Jain Irrigation
Central excise duty retained at 10%, Positive for Automobile sector
Export duty on iron ore, Current - 15% on lumps and 5% on fines, Proposed - 20% on both lumps and fines, Negative for exporting miners - Sesa Goa and NMDC
Change in excise with AD valorem duty, Negative for South based cement players - India Cement and Madras Cement
Excise duty exemption on equipments for UMPP - Positive for capital goods sector
No excise duty on equipment (UMPP), Positive for private players

Budget 2011 Highlights4

Higher production land allocated for Palm oil production - positive for HUL & Godrej Consumer; nutri seeds and fodder production - positive to bring down raw material inflation for FMCG companies
Fertilizer capex given status of infrastructure - positive for existing fertilizer companies
Plan to introduce Food Security Bill in FY2012
Allocation to Bharat Nirman increased to Rs58,000cr, an increase of 20.8% over FY2011
Increased Infrastructure fund to Rs214,000cr up by 23.3%, Positive for Cement Sector
Increase in wages under NREGA - positive for FMCG companies as it results in higher spending power for rural consumers
Increased allocation for Accelerated Irrigation Programme - positive for companies providing irrigation solution viz. Jain Irrigation, EPC
Education sector allocated Rs 52,057cr for FY2012 - to boost business opportunities for IT-education companies

Budget 2011 Highlights3

To give 3% interest subsidy to farmers in FY2012 from 2% in FY2011
Rashtriya Kisan Vikas Yojana allocation increased from Rs6,755cr to Rs7,860cr. Allocation to green revolution in Eastern India increased by Rs400cr. Additional Rs300cr to promote pulses, oilseed and vegetable cultiation each respectively.
Positive for agri input companies like United Phosphorus.
Rs2.14 lakh crore allocation for Infra sector - increase of 23.3% over FY2011
NABARD to receive additional Rs10,000cr for rural credit
Cold storage now eligible for viability gap funding and receives infrastructure status
Rs2.14lakh cr provided for infra development which accounts for 48.5% of the total plan expenditure, an increase of 23.3% over last year. Higher than expectation of Rs2.04lakh cr. Positive for infra sector
Infra status given for cold storage chains. Positive for companies like Gateway Distriparks and Container Corp.

Budget 2011 Highlights2

Rs6000cr allocation for improving tier-I CAR of PSU banks - positive for PSU banks
Increase in Rural Infrastructure fund from Rs16,000cr to Rs18,000cr
SIDBI to receive additional Rs5,000cr shortfall from banks
SIDBI to receive additional Rs5,000cr shortfall from banks that missed priority sector lending norms, Positive for irrigation companies and farmers
Housing sector - 1% on housing loan subvention, +ve for cement sector
Priority sector home loan limit hiked to Rs25lakhs from Rs20lakhs
Increased housing finance for rural areas, Positive for cement sector
Interest subvention of 1% on housing loan increased from Rs10lakh to Rs15lakh - postive for mid-income housing - benefit to developers like HDIL, Godrej Properties
Increased investment in Infra Corporate Bonds to FII - postive for infra, cement and banks
Credit flow to farmer increased from Rs3.75lakh crores to Rs4.75lakh crores for FY2012. Positive for agri-input companies (United Phosphorus)

Budget 2011 Highlights

See FY2011 farm growth at 5.4%, GDP growth at 8.6%-FM
FY2011 industrial growth seen at 8.1% and Services at 9.6%
GDP growth seen at 8.75-9.25% in FY2012
Preparation for GST rollout in final stages-FM
Mulling nutrient-based subsidy policy for urea-FM
Domestic Mutal Funds to have access to foreign investors, positive for ICICI Bank and HDFC Bank
Govt plans to move towards direct cash transfer of subsidies to people. Expect systems to be ready by Mar 12
Expect to introduce constitutional bill for introduction of GST Bill. Positive for retail sector, top pick- Pantaloon Retail
FY2012 divestment target at Rs40,000cr
FII investment in corporate bonds hiked to US $ 40Bn - Positive for Banks

Wednesday, February 23, 2011

FII DII DATA 23/02/2011

FII Data: Net Index Futures (-1129 cr), Net Stock Futures (-54 crs), Derivative Market: Total Open Interest (Rs 11,60,672cr), Stock Futures Open Interest (Rs35,930cr)