| Highlights for Today |
| Market Outlook for the day - Keeping the Thursday's move in the mind, we may see further northward move in the near future but 6000 holds crucial resistance so plan accordingly. |
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| Key Indices – Levels to watch out for the day |
| INDEX (Spot) |
RESISTANCE 2 |
RESISTANCE 1 |
LTP |
SUPPORT 1 |
SUPPORT 2 |
| SENSEX |
20170 |
20000 |
19902.07 |
19780 |
19600 |
| NIFTY |
6000 |
5940 |
5909.70 |
5870 |
5810 |
| BANK NIFTY |
10400 |
10300 |
10222.95 |
10100 |
9930 |
| CNXIT |
8470 |
8400 |
8360.85 |
8320 |
8250 |
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Corporate News
MCX has diluted its stake to 3.4% from the existing 5% in the Dubai Gold and Commodities Exchange (DGCX) through rights issue option. Multi Commodity Exchange held 10% stake in DGCX when it began operations in 2005 and later reduced it to 5%.
Infosys has signed a four-year contract with Toyota Motor Europe and is to provide pan-European application support to the company.
Bajaj Auto Ltd reported 3% increase in motorcycles sales in September 2013. It had sold 3,23,879 motorcycles in September 2013 against 3,15,314 units in September 2012. Its flagship platform Pulsar accounted for sale of one lakh units.
Tata Power has commenced construction work for the first phase of its joint venture 400 MW hydro power project in Georgia.
Zensar Technologies won significant large multi-year orders in its manufacturing sector in the United States.
Alstom bagged €100 million contract from GVK Power and Infrastructure Ltd to equip the 850 MW Ratle hydropower plant, which will be commissioned in 2017.
Lupin Pharmaceuticals Inc, the US subsidiary of Lupin Ltd, has launched its generic Gatifloxacin Ophthalmic Solution in the US. |
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| Trading/ Investment Ideas |
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| Technical Calls |
Company
Name |
Recommendation |
CMP |
Initiation
Range |
Stop
loss |
Target |
Time
Frame |
| LUPIN |
BUY |
861.2 |
855-858 |
845 |
895 |
3-5 DAYS |
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| Derivatives Call |
Company
Name |
Recommendation |
CMP |
Initiation
Range |
Stop
loss |
Target |
Time
Frame |
| ADANIPOWER |
BUY OCT FUT |
33.6 |
32-33 |
31 |
37 |
3-5 DAYS |
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| Fundamental Picks for delivery (1 - 2 Years) |
| Large Caps |
Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ |
| Midcaps & Small Caps |
Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services, Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank |
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| Note – For our running recommendations and past performance, please click here |
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| Market Roundup |
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| Key benchmark indices surged on strong buying support in Metal, banking and Capital Goods stocks. BSE Sensex, hit its highest level in almost a week. Except BSE FMCG index, all the other sectoral indices on BSE were in the green. Domestic sentiment was propped up on heavy capital inflows due to firm global cues coupled with appreciation of rupee against the dollar. On global front, European stocks were unchanged and Asian stocks were up as a gauge of China's services industries jumped and as investors watched for progress on ending an impasse over federal spending that shut down the government for the third day. |
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