The Nifty future shut shop at 4779.00 losing 78.75 points or -1.62 percent. Nifty future increased 1030150 shares in open interest, and came to premium of 6.85 from 8.25 whereas cost of carry is 24.85 vs 22.58, up 10.05 percent. On the options front the OI PCR is 1.53 vs 1.61, whereas the Volume PCR at 1.21 vs.1.27. On the Volatility Front the Indian Volatility Index has ended at 37.19 % vs.31.94% gaining 6.05%.

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The Nifty future shut shop at 4936.65 losing 41.20 points or -0.83 percent. Nifty
future decreased 1560500 shares in open interest, and came to discount of 9.25
from premium of 6.60 whereas cost of carry is -1.46 vs 4.13, down -64.64 percent.
On the options front the OI PCR is 1.20 vs 1.24, whereas the Volume PCR at 0.98
vs.0.96. On the Volatility Front the Indian Volatility Index has ended at 32.00% vs. 32.01 % losing -0.03%

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NOTE:- Trade In Nifty Today | Upper Trend | Buy on Dip

The Nifty future shut shop at 5604.10 gaining 55.05 points or 0.99 percent. Nifty

 future increased 30,23,550 shares in open interest, and came to premium of 3.65

from premium of 3.75, whereas cost of carry is +23.79 vs. +12.34, up 92.79

percent. On the options front the OI PCR has ended at 1.55 vs. 1.52 whereas the

Volume PCR at 1.10 vs. 1.08. On the Volatility Front the Indian Volatility Index has ended at 19.46% vs. 19.49% losing 0.15%.

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Market Fall Down Due To Release IIP Data 10 jun 11
Dur To release  of IIP Data most of the stocks relay down which make the take the market in negative condition.
IIP(Index of Industrial Production) is
a measurement which represents the status of production in the industrial sector for a given period of time compared to a reference period of time. IIP number is one of the best statistical data, which helps us to measure the level of industrial activity in Indian economy.  IIP data is a very important indicator to the Government for planning purposes and is also used by various organisations like Industrial Associations, Research Institutes, Financial Institutes and Academicians.


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Market Today-

Benchmarks Indices ended on a flat note due to lack of interest  from investors in a direction-less market. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers pack. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.

Nifty Futures technical Outlook 

The Nifty futures closed and settled finally at 5522 down by -7.85 points or -0.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5475 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5415 mark.

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Nifty Tips for tomorrow 

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After making so many reds and Green finally the market closed in positive region making a mild gain for the day. The 50-share NSE Nifty Index rose just 24.10 points or 0.44 %, to end at 5,556.15 today.

The Nifty futures closed and settled finally at 5563 up by 28.80 points or 0.52 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a do....Click Here For MCX Bullion Tips Free 

Nifty Tips 


 RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark. 

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Nifty Tips for tomorrow 

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Indian market ended down 0.80%; Nifty down 43 pts & Sensex down 114 pts.
U.S employment claims came up at 422K & Non-Farm productivity q/q at 1.8%.
European markets were in red with DAX worst, Dow future was up 35 pts.

Indian market ended down 0.80% due to weak global cues and 2G case trial as Nifty lost 43 pts to end at 5550 while Sensex was down by 114 pts to settle at 18494. Euro markets were in red with FTSE down 45 pts at 5883, DAX down 77 pts at 7141 & CAC down 42 pts at 3921 as Moody’s downgraded Greek. Dow future was up 35 pts.
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Indian equity market ended up 0.50%; Nifty up 32 pts and Sensex up 106 pts.
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.

Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips

Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips

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The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.

RESISTANCE: 5570 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: 5480 & below this level the next support is seen near 5410 mark.

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The dollar hovered near a two-week low against a basket of currencies.
Gold steady on Greece debt fear.
Brent crude oil fell below $115 a barrel on Monday.
Silver rose as much as 1.3 percent to $38.36.
Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. Shanghai copper fell on Monday on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May.
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The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark

In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row. 

Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks

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Nifty Trading Levels: 30 May 2011
RESISTANCE: 1- 5490 & above this level the next resistance  5530
SUPPORT:1-  5415 & below this level the next support 5310  
 
Stock Market Analysis News 
The bourses ended on a positive note for the second consecutive day. At close, the Bombay Stock Exchange’s Sensex was at 18,266.10, up 221.46 points or 1.23% from the previous close. The National Stock Exchange’s Nifty shut shop at 5,476.10, higher by 63.75 points or 1.18%.


The bourses opened on a positive note today, triggered by strong global cues. Since then, they kept hitting fresh intraday highs till the closing bell. The BSE 30-stock index rose as high as 18,298.64 and Nifty hit the day’s high at 5,485.80, in trade today.

The broader markets too ended in the green with BSE Midcap index gaining 1.42% and BSE Smallcap index up 0.83%. Click Here For Nifty Tips | IT and Real State calls

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The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.  The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

Indian markets down 1.50%, Nifty slips below 5850 & Sensex below 19500.
WPI Inflation came at 8.98 % vs. 8.31%, Mfg. products came at 6.21 vs. 4.94%.
European markets were mixed with DAX leading, Dow future was down 5 pts.
Indian market ended down 1.50% due disappointing IT bellwether; Infosys results & rising inflation as Nifty lost 87 pts to end at 5825 while Sensex was down by 310 pts to settle at 19386. Euro markets were in green due to number of positive economic data with FTSE up 23 pts, CAC down 4 pts & DAX up 32 pts. Dow future was down 5 pts.
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After rallying in green zone for last two weeks, market today faced  the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.

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Nifty Tips for tomorrow
Click Here

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Asian stocks fell, the domestic markets opened on a soft note, with IT stocks weighing down on the bourses, after two consecutive sessions of gains the previous week. Shrugging off weak Asian cues, the domestic markets logged gains for the sixth consecutive day. The S&P CNX Nifty closed at 5687.25, up 33 points or +0.58 %.

The Nifty futures closed and settled finally at 5699.65, up by 18.95 points or 0.33 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5730 else below 5660 it would be in a downward trend.

RESISTANCE:  Level of 5730 & above this level the next resistance is seen near the 5796 mark.
SUPPORT:  support close to the level of 5660 & below this level the next support is seen near 5570 mark.

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Nifty Tips for tomorrow

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 RESISTANCE: First resistance close to the level of 5530 & above this level the  5575.
SUPPORT: First support close to the level of 5410 & below this level the  5350

 

With a positive opening this morning, the bourses kept up the momentum, and traded firm through the day until late afternoon, shrugging off Asian power-house Nikkei's near-2% drop in value today. The S&P CNX Nifty closed at 5480.25, up 66.40 points or +1.23%.

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Nifty Outlook
Trend: - Consolidate
Resistance: - 5440, 5540
Support: - 5375, 5300
Strategy: - Sell on highs 
Bank Nifty
Trend: - Consolidate
Resistance: - 10990 11180
Support: - 10690, , 10540
Strategy: - Sell on highs

Indian equity market up 1%, Nifty above5400; up 49 pts & Sensex up 149 pts.
GBP Core CPI y/y came up at 3.4 vs. 3.0% & RPI y/y up at 5.5% vs. 5.1%.
European markets were mixed with CAC leading, Dow future was up 35 pts.
Indian equity market ended up 1.0% due to positive global cues as Nifty gained 49 pts to end above 5400 at 5413 while Sensex was up 149 pts to settle at 17988. European markets were mixed despite positive economic data with FTSE was down 8 pts at 5779; CAC up 4 pts at 3908 and DAX was down 27 pts at 6790 pts. Dow future was up 35 pts.
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Shree Renuka Sugars Ltd.
CMP : 70.05
Buy above 70.40 for Tgt of Rs 71--71.60--72.25 and SL of Rs 68.80.

RESISTANCE: first resistance close to the level of 5425 & above this level  5505
SUPPORT:  first support close to the level of 5310 & below this level  5230

Nifty is expected to consolidate in a range of 5,250 to 5,550. Indian Markets are likely to be volatile for coming trading sessions. I would suggest, you should be buying when the stock market falls and selling when it is at very high levels.

For Nifty Tomorrow the major support is there at 5,308 below further downside. On the other hand, the resistance is there at 5,445 and 5,515.

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Nifty Tips for tomorrow

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Nifty Outlook

Trend: - Consolidate
Resistance: - 5490 , 5560
Support: - 5410,  5300
Strategy: - Sell on highs
 Bank Nifty outlook

Trend: - Consolidate
Resistance: - 11050 11300
Support: - 10780, 10610
Strategy: - Sell on highs
Indian equity market down 1.20%, Nifty down 65 pts & Sensex down 208 pts.

RBI raised repo & reverse repo rate by 25 bps to 6.75% & 5.75% respectively.

European markets were in green with DAX leading, Dow future was up 80 pts.

Indian equity market ended down post RBI policy & rising crude oil with Nifty losing 65 pts to end below 5450 at 5446 while Sensex ended down 208 pts to end near 18K at 18150. In Euro zone, DAX was up 100 pts, CAC - 51 pts & FTSE- 59 pts. Dow future was up 80 pts as jobless claims came down by 16k at 385k & Core CPI at 0.2 vs. 0.1%. 

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Nifty Outlook
Trend: - Consolidate
Resistance: - 5530 , 5640
Support: - 5460 , 5380
Strategy: - Sell on highs

Bank Nifty Outlook
Trend: - Consolidate
Resistance: - 11070 11270
Support: - 10750,  10600
Strategy: - Sell on highs

Indian equity market up 1.2%, Nifty above 5500, up 62 pts & Sensex up 192 pts EUR core CPI came down at 1% vs. 1.1%, CPI y/y came as expected at 2.4%. European markets were down with FTSE worst, Dow future was up 30 pts. Indian equity market ended up 1.20% ahead of crucial RBI credit policy meet on 17th March. Nifty added 62 pts to end above 5500 at 5512 while Sensex gained 191 pts to end at 18359. Euro markets were down due to negative economic data with FTSE worst 40 pts at 5655, CAC 30 pts & DAX down 9 pts at 6640. Dow future was up 30 pts.

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Nifty Outlook

Trend: - Consolidate
Resistance: - 5475 5540
Support: - 5410, 5340
Strategy: - Sell on highs

Bank Nifty Outlook

Trend: - Consolidate
Resistance: - 10810   11030
Support: - 10610, 10360
Strategy: - Sell on highs

Free Call For today

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Indian market ended down on negative global cues, Nifty slips below 5500.

Zew economic sentiment came at 14.1 vs. 16.2 as against expected at 15.7.

Euro markets slaughtered; DAX down 278 pts, CAC 132 pts & FTSE 125 pts.

Indian equity market ended down on the back of negative global cues. Nifty sliced 81

pts to end at 5450 while Sensex lost 225 pts to settle at 18167. European markets were

slaughtered almost 2 - 5% with DAX worst & Dow future was down 50 pts. In Asia,

Nikkei was down 11% & Hangseng was down 3% on fears of rising radiation in Japan. 

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Nifty Support and resistance

Trend: - Consolidate

Resistance: -5570 5650

Support: - 5490, 5400

Strategy: - Sell on highs

Bank Nifty Support and resistance

Trend: - Consolidate

Resistance: - 11040 11300

Support: - 10780, 10640

Strategy: - Sell on highs

Stock Market Hot News
Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.

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Nifty 

Trend: - Consolidate
Resistance: - 5570 5650
70,
Support: - 5490, 5
, 5400
Strategy: - Sell on highs

 Bank Nifty 

Trend: - Consolidate
Resistance: - 11040 11300
040,
Support: - 10780, 1
, 10640
Strategy: - Sell on highs

Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.

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Nifty Tips for today

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The Nifty futures closed in the red and settled finally at 5462.55, down -42.10 points or -0.76 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 5400 below this level it would be in a bearish trend else above 5515 it might face more selling pressure.

RESISTANCE:
Resistance1- 5515
Resistance2- 5575

SUPPORT1-5400 

SUPPORT2- 5310

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Nifty Tips for tomorrow

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NIFTY SUPPORT AND RESISTANCE

Trend- Consolidation

Support 1- 5540

Support 1- 5610

Resistance 1- 5455

Resistance 1-5410

Strategy- Sell On High

BANK NIFTY SUPPORT AND RESISTANCE

Trend- Consolidation

Support 1- 10990

Support 1- 11180

Resistance 1- 10780

Resistance 1- 10630

Strategy- Sell On High 

 Market Analysis for today

Indian market ends down 0.70%; Nifty down 37 pts & Sensex down 142 pts.
GBP mfg. prod. m/m came up at 1.0 vs. (-) 0.1% as against expected at 0.8%.
European markets were down with FTSE worst, Dow future was up 13 pts.
Indian equity market ended down 0.70% due to weak global cues & rise in crude oil
prices. Nifty was down 37 pts ending at 5495 while Sensex was down 142 pts to settle
at 18327. In Euro Zone, FTSE down 61 pts at 5876 & DAX down 59 pts at 7072 & CAC
down 26 pts at 3968. Dow future was up 13 points ahead of crucial jobless claims data.
Intraday Stock Tips for today Click Here

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NIFTY SUPPORT AND RESISTANCE

Trend- Consolidation

Support 1- 5565

Support 1- 5540

Resistance 1- 5490

Resistance 1-5440

Strategy- Sell On High

BANK NIFTY SUPPORT AND RESISTANCE

Trend- Consolidation

Support 1- 11160

Support 1- 11300

Resistance 1- 10920

Resistance 1- 10790

Strategy- Sell On High

 Indian market up marginally; Nifty holds 5500, up 10 pts & Sensex up 30 pts.
EUR German industrial production m/m came as expected at 1.8 vs. (-) 0.6%.
European markets were mixed with DAX & CAC up, Dow future was up 42 pts.
Indian equity market ended marginally up with Nifty holding the key level of 5500.
Nifty added trivial 10 pts to end at 5531 while Sensex gained 30.3 pts to settle at 18469.
Euphoria were mixed with DAX up 36 pts at 7201, CAC 14 pts at 4030 on healthier
German industrial production, while FTSE was down 10 pts. Dow future was up 42 pt
Gold was little changed on Wednesday 9 march 2011 as investors booked profits, erasing earlier
gains driven by intensifying political unrest across North Africa and the Middle East and
renewed worries over euro zone debt. Copper fell on Wednesday as strengthening
crude oil prices kept investors worried that inflationary pressures could hit economic
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Nifty

Resistance 1- 5580

Resistance 2- 5625

Support 1- 5506

Support 2- 5460

Profitable call for 10 march 2011

Wipro Ltd

Current market share price - 450.65

BUY CALL- Above 452 

stoploss 445

Target - 458

HOT MARKET NEWS- 
The market has showed recovery in the last half an hoursof trade.the market suppoted by Wipro,ITC and toady Reliance Industries recovered more,it was down .3% around.
Among frontliners, Maruti Suzuki, Tata Motors, Reliance Communications, BHEL, SBI, BPCL and Sun Pharma were the top losers with 3-4% fall.
About 883 shares advanced as against 1969 shares declined on the Bombay Stock Exchange.
Rate sensitives and commodities related sectors were quite supportive. The BSE Capital Goods, Auto, Realty, Bank and Metal indices were down 1-2%.
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The Nifty futures also moved in the positive zone touching a high of 5548 and settled finally at 5537.15 up 61.55 points or +1.12 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5675 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

Intraday Stock Tips 

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Intraday Tips for 8th March 2011 

Oriental Bank of Commerce

Buy Above 352.50 Tg-356-358-360 SL-346.60

SAIL

Sell  Below 150 TG 148-147 SL-153.50

Airtel 

Buy Airtel On Low at 321 TG-324-326-328 SL-314 

Nifty Futures Tips – 

Buy Nifty Around 5455 TG-5485-5510 SL-5400 

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JSW energy Ltd -
Buy around 76.75 TG-78-79 Sl-74.45
Sell below 73.30 TG-72

Ranbaxy-
Sell Below 449.20 TG-444-440 Sl-456
Buy Above 455.50 TG-460-465

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Nifty Tips for tomorrow

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The S&P CNX Nifty closed today  at 5538.75, up 2.55 points or 0.05. The Nifty Benchmark ended at 5547.54 up 3.05 points or 0.06 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5715 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5375 mark.

Read More:
Nifty Tips for tomorrow

MCX Commodity Tips

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Support and Resistance levels for Nifty Futures & Options for tomorrow (06/03/11)Today Nifty having the bullish trend and goes up to 5608.20. At last nifty closed at 5538.75 up 2.55 points or 0.05% positive from the previous closed and sensex closed at 18486.45 down 3.31 points or -0.02%

Support and Resistance levels for Nifty Futures & Options for tomorrow (06/03/11)Today Nifty having the bullish trend and goes up to 5608.20. At last nifty closed at 5538.75 up 2.55 points or 0.05% positive from the previous closed and sensex closed at 18486.45 down 3.31 points or -0.02%

Nagetive. Hole day the market go up down. intraday nifty high at 5608.20 and sensex high at 18736.97 points and day nifty low at 5524.10 and sensex low at 18448.69 points.

F & O Nifty closed at 5547.75 up 3.05 points or 0.06% from the previous close. Intraday high 5611.70 and day low 5517.65

Important level for nifty future and Option market.

RESISTANCE : Resistance levels are-

R1 5645 points

R2 5715 points.

SUPPORT : Support levels are-

S1 5465 points.

S2 5370 points.

Stock tips and call for today

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 RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5715 mark.

SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5300 mark.

Indian equity benchmarks witnessed the biggest rally on the second day after the budget especially on stabilized crude oil prices, short covering by FIIs, lower-than-expected fiscal deficit and the borrowing program set by the government for FY12.  The 50-share NSE Nifty gained 189.05 points or 3.54%, to settle at 5522.30. The 30-share BSE Sensex shot up 623.10 points or 3.5%, to close at 18,446.50, after gaining 655 points in an intra-day trade.
In the opinion of Deven Choksey, MD of KR Choksey Shares and Securities Pvt. Ltd., the market needs to carefully observe the structural changes that are happening on the fiscal deficit and subsidy front. According to him, if management of fiscal deficit and subsidy is taken care of, then the markets can witness increased amount of confidence and stability including the fact that the budget is growth-oriented. for Free commodity tips

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BUDGET HIGHLIGHTS.

- A big negative for garment manufacturers already battling a rise in cotton prices Automobile Sector

- No change in excise duty; status quo maintained at 10%

- Higher allocation under infrastructure schemes

- Critical parts/assemblies required to manufacture hybrid (green) vehicles granted exemption from basic custom duty of 10% and special CVD

Impact: Positive

- Any increase in excise duty would have directly impacted prices especially in the commercial vehicle segment, thereby resulting in lower demand. The sector is already battling rising raw material costs and any further pressure would have a direct impact on margins.

- Increased expenditure on infrastructure is expected to directly benefit the CV segment.

Real Estate

- Upped priority home loan limit to Rs 25 Lakh Vs Rs 20 Lakh

Impact: Positive

- Welcome policy push for the residential segment of the real estate sector, but the Rs 5 lakh increase is way below the Rs 20 lakh raise that ASSOCHAM has been asking for (at least in the metro cities)

- Good news for housing finance companies as this means access to cheaper funds

Textiles

- 10% excise duty on branded garments

Impact: Negative

- Experts believe that companies will pass on the increased cost burden to the consumers

Banks – Public Sector

- Rs6000 cr to be provided in 2011-12 for maintaining minimum Tier I Capital to Risk Weighted Asset Ratio (CRAR) of 8% in public sector banks

Impact: Positive

- A big positive for PSU banks as this provides a guarantee for their capital base in FY12

Information Technology

- No extension of tax benefits under the Software Technology Parks of India

- Increase in MAT to 18.5%

Impact: Negative

- With STPI benefits expected to lapse in Mar 2011, this move is expected to hurt IT companies who will now have to pay higher taxes from FY12

Transport - Aviation

Service tax raised by Rs50 for domestic travel and Rs250 for international travel by economy class

Impact: Negative

- For a sector constantly battling high ATF prices, this news will not go down well with its customers.

In a nutshell:

Key sectors expected to benefit are: Banking & Financial Services (due to low borrowing programme), Real Estate (due to hike in interest subvention), Cigarettes (due to no increase in taxes) and Automobiles (no increase in Excise). Key losers are Technology (MAT applicable on SEZ), Ports (MAT applicable on SEZ), Iron Ore exporters (hikes in duties).

 Economy - Growth Prospects

 - Economy expected to grow at 9% in 2012, plus or minus 0.25%

 - Inflation seen at a lower level in the financial year 2011-12

 - Exports grown by 9.6%, imports by 17.6% in April-January 2010-11 over corresponding period last year

- In current year, overall economic growth is expected at 8.6%, agriculture growth at 5.4%, industrial growth at 8.1%, and services growth at 9.3%.

     

Taxes – Highlights

Income Tax

- Personal income tax exemption limit raised to Rs1.8 lakh from Rs1.6 lakh for individual tax payers

- For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs2.50 lakh.

- Citizens over 80 years to have exemption limit of Rs 5 lakh.

Direct Tax

- Standard rate of excise duty held at 10%; no change in CENVAT rates

- To reduce surcharge on domestic companies to 5% from 7.5%.

- Direct tax proposals to cause Rs115 bn in revenue loss

- Service tax rate kept at 10 percent%

- Customs and excise proposals to result in net revenue gain of Rs73 bn

- Service tax widened to cover hotel accommodation above Rs1000 per day, A/C restaurants serving liquor, some category of hospitals

- Service tax on air travel increased by Rs50 for domestic travel and Rs250 for international travel in economy class. On higher classes, it will be a flat 10%

- Base rate on excise duty raised to 5% from 4%

- Service-tax proposals are expected to result in a revenue gain of Rs4000 cr.

- Net revenue loss on account of direct taxes will be Rs11500 cr. Net revenue gain on account of indirect taxes will be Rs11300 cr.

- Branded apparel sector to pay mandatory excise duty of 10%

Fiscal Deficit - Projections

- Fiscal deficit seen at 5.1% of GDP in 2010-11

- Fiscal deficit seen at 4.6% of GDP in 2011-12

- Fiscal deficit seen at 3.5% of GDP in 2013-14

Tips for Commodity by considering Budget

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I expected on Monday stock market trade to High.
Hot Stocks Today
Company Price %Change
SBI 2582.65 2.14
Tata Motors 1110.70 5.34
ICICI Bank 986.25 3.67
Tata Steel 606.85 0.70

Domestic markets ended on a positive note on Friday despite witnessing tremendous volatility. The gains were supported by the short covering in the most beaten down stocks in the previous sessions. It seems that the markets were in a mood to consolidate today and wait for the budget day to happen next week.
The 50-share NSE Nifty went up 41 points, to end at 5,303 and the 30-share BSE Sensex climbed just 69 points, to close at 17,701.
Dipan Mehta, Member, BSE and NSE, thinks that as far the budgetary impact is concerned, markets shouldn’t expect any transformational moves from the Finance Minister. “Budget is a non-event, little bit of tinkering will take place here and there,” he adds.
Reacting on the crude oil price hike issue, he said that the crude oil price is a weak point of the domestic markets and it has the potential to pinch and hurt the markets to the maximum level. He says, “If you see crude prices going up another USD 10 from the current hike, you can easily factor in 5-7% decline in our markets and there is nothing in the budget, which will change it.

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RESISTANCE: It has first resistance close to the level of 5430 & above this level the next resistance is seen near the 5510 mark.

SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.

FIIs were net sellers of Rs 2,702.22 crore while DIIs were net buyers of Rs 1,029.22 crore in equities today, February 24, as per provisional data available with NSE.
Indian equity benchmarks shattered on the back of a sharp spike in crude oil prices in international markets on Thursday, reacting to growing concerns in Libya, which could spread over to other oil-producing as well as exporting countries in the Middle East.
The 30-share BSE Sensex dropped 545.92 points or 3%, to close at 17,632.41 and the 50-share NSE Nifty 74.65 points or 3.21%, to end at 5262.70 on record volume.
All sectoral indices were butchered badly; the BSE Bank and Capital Goods indices were hit the hardest, which plunged 4% each. Auto, Realty, Metal, Healthcare, Oil & Gas, Power, FMCG and IT indices too were down 2-3.5%.
It was a record volume for the Indian markets, especially on expiry day. Total traded turnover was at Rs 2,99,194.72 crore, including Rs 2,77,277.49 crore from the F&O segment.
FIIs have net sold Rs 906 crore worth of shares in Indian equity markets in the month of February and sold Rs 6330 crore worth of shares in the month of January 2011. stock advanced Tips

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The robust performance of the Indian economy during the ongoing fiscal is likely to prompt the government to peg GDP growth in the 2011-12 fiscal at 9%, as well as withdraw stimulus measures in the forthcoming budget. The Survey, to be tabled by Finance Ministry on Friday, is likely to highlight food inflation and the slow recovery in the euro zone as areas of concern for the domestic economy. Sources said the Survey will also make a strong case for pushing economic reforms, especially raising caps on foreign direct investment (FDI), with a view to achieving a high growth rate on a sustained basis. In her address to Parliament earlier in the week, President had said, "There is no room for complacency... We have to maintain the momentum for reforms on a wide front.

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Bullion : Gold prices have gained almost 1 percent in the last week as geo political concerns in Egypt coupled with worries over inflation supported demand for the yellow metal. Sharp gains in gold were capped on account of dollar strength. Worries in Egypt have intensified as President Hosni Mubarak has refused to step down on an immediate basis. This has raised concern that the worries could have spillover effects in the neighboring countries. On the back of this, we expect gold prices to continue to witness upside. Gold prices gained sharply in the mid of last week, as rise in interest rates by China for the second time in just over six weeks benefited gold’s status as an inflation hedge. But prices managed to rise despite fading safe-haven demand which is indicative from rising US equities and improving US economic data. This is because inflation worries overshadowed the improvement in economic scenario especially after rise in interest rates in China. Holdings in the world’s largest gold backed fund the SPDR Gold Trust continued its downtrend as it fell to 1225.526 tonnes by 10th February, marking their lowest since late January. For this week, Bullion prices will come under pressure on easing concerns in Egypt. Spot gold has a strong support at $1343/$1330 levels and resistance at $1380/$1392 levels. MCX April Gold has a strong support at 20,100/19,900 levels and resistance at 20,640/20,730 levels.

Base Metals : The base metals pack has declined sharply in the last week, lead and zinc fell by 3.4 percent and 3.2 percent on the LME respectively. Dollar strength, geopolitical concerns in Egypt and worries over monetary policy tightening in China put downside pressure. Aluminum production in the US rose 1.3 percent in January as compared to the prior month. Actual production for January 2011 totaled to 151,590 tonnes which is up from 141,688 tonnes in January 2010 and was higher than 149,621 tonnes output in December. Average daily production of aluminium increased to 4,890 tonnes in January as against 4,826 tonnes in December. For this week, base metal prices will get some relief on latest developments in Egypt. Weakness in the dollar on the back of easing concerns in Egypt will also support a rise in metals. MCX February Copper shall find a strong support at 448/442 levels and resistance at 465/ 472 levels for this week.

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hi

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