Monday, February 28, 2011
BUDGET 2011 HIGHLIGHTS: TAX IMPACTS & KEY ISSUES
- Corporate tax surcharge reduced from 7.5% to 5%. Minimum alternate tax rate up from 18% to 18.5%.
- IT exemption for taxpayers raised from Rs 1.6 lakh to Rs 1.8 lakh. Tax relief is about Rs 2,000 across-the-board.
- Senior citizens to get higher IT deduction limit of Rs 2.5 lakh. Entitlement age reduced to 60 from current 65
- New category of senior citizens above 80 years to get higher IT deduction limit of Rs 5 lakh from this year
- Service tax levels and excise stay at 10%; Peak rate of customs duty remains unchanged
- Excise exemptions withdrawn on 130 items; to pay minimum excise of 1% from next year
- Foreign individual investors allowed to invest directly in mutual funds subject to KYC requirements
- Govt to allow issue of Rs 30,000 crore worth of tax-free bonds by infrastructure companies in 2011-12
- Tax deduction for investment in infrastructure bonds of Rs 20,000 extended for one more year
- Investment in fertiliser plants and machinery to be treated as infrastructure investment
- Fiscal deficit for 2010-11 seen at 5.1% against 5.5% budgeted; deficit for 2011-12 projected at 4.6% of GDP
- Government to introduce direct cash payments for those entitled to subsidies in kerosene, cooking gas and fertiliser by March, 2012.
- Government considering extension of nutrient-based subsidy for urea, the largest chunk of fertilisers used in agriculture
- National mission for electric and hybrid vehicles to be set up to create environment-friendly automobiles
- Priority sector home loans limit raised to Rs 25 lakh from Rs 20 lakh.
- Interest subvention on home loans up to Rs 15 lakh. Mortgage risk guarantee corporation to insure loans to the poor
- Public sector disinvestment target for 2011-12 is raised to Rs 40,000 crore
- Centre's net borrowing figure for 2011-12 fixed at Rs 3,43,000 crore; fiscal deficit figure at Rs 4,12,000 crore
- Cement excise duties will be shifted to valorem basis from specific duty now
- Loss on direct tax reliefs at Rs 11,500 crore; gain on indirect tax changes at Rs 11,300 crore
- FM says no need to remove stimulus package at this stage, but will withdraw excise exemptions
Sunday, February 27, 2011
Stock Intraday Tips for today 28 Feb
| DATE | STOCK | BSECODE | LAST CLOSE | BUY PRICE | SL | TARGET-I | TARGET-II |
|---|---|---|---|---|---|---|---|
28-Feb-11 | HERO HONDA | 500182 | 1500.3 | 1486.2 | 1395.6 | 1517.2 | 1554.3 |
28-Feb-11 | DR.REDDY'S | 500124 | 1528.7 | 1517.8 | 1469.2 | 1539 | 1569.7 |
28-Feb-11 | NMDC LTD | 526371 | 267.6 | 265.6 | 259.7 | 270.3 | 275.7 |
All Sell calls are suggested if nifty strictly stays below 5289.
| DATE | STOCK | BSE CODE | LAST CLOSE | SELL PRICE | SL | TARGET-I | TARGET-II |
|---|---|---|---|---|---|---|---|
28-Feb-11 | HIND.PETRO | 500104 | 312.8 | 314.9 | 326.1 | 306.7 | 300.5 |
28-Feb-11 | ACC LTD | 500410 | 993 | 1000.6 | 1014.7 | 984 | 966.9 |
28-Feb-11 | STEEL AUTH. | 500113 | 154 | 155.2 | 159.1 | 152.3 | 149.2 |
Friday, February 25, 2011
NIFTY LEVELS FOR MONDAY 28 Feb-NIFTY ANALYSIS
Nifty was on bull trend yesterday and closed at 5303 .Today the first resistance for nifty is at 5331-34 level.Next resistance at 5362-65 level.Next resistance is at 5408-13 level.Next resistance at 5425-28 level.Next resistance is at 5463-68 level.Next resistance is at 5492-97 level.Next resistance is at 5537-39 level.Next main resistance is at 5554-56 level.Next resistance is at 5595-99 level. Next resistance is at 5637-41 level.Next resistance is at 5652-55 level.Next resistance is at 5679-83 level. On downside first support is at 5273-68 level.Next support at 5245-41 level.Next main support is at 5197-94 level.Next support at 5163-59 level.Next support at 5149-45 level.Next support at 5112-07 level.Next support at 5037-35 level.Next support at 4970-65 level.So today intraday long should be taken better above 5365 level and on down side no long if nifty is below 5240 .The trend has not changed to bull side and unless nifty strongly trades above 5365 level long position are not advised Next major hurdle is at 5408-25 level and for downside Major support for nifty is at 5197-94 level and if this level is broken there will be more weakness in coming days.
Record updated for-.Feb/28/2011-NIFTY FUTURE-CMP(5313.8) is currently in BEAR trend . Yesterday the trend was WEAK BULL In Mar series Nifty future shed 13.39 lakh position in Open Interest and this accounts to -6.20200635438 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 10.25 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 4.9 lakh position in open interest and this accounts to -2.14 % of Total Open Interest in all series and cumulatively trading in average premium of 30.68 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious
NIFTY FUTURE-OPTION ANALYSIS
Record updated for-.Feb/28/2011-NIFTY FUTURE-CMP(5313.8) is currently in BEAR trend . Yesterday the trend was WEAK BULL In Mar series Nifty future shed 13.39 lakh position in Open Interest and this accounts to -6.20200635438 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 10.25 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 4.9 lakh position in open interest and this accounts to -2.14 % of Total Open Interest in all series and cumulatively trading in average premium of 30.68 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious
NIFTY FUTURE LEVEL-Feb/28/2011
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 5429.98 | 5377.28 | 5345.54 | 5297.8 | 5282.06 | 5250.32 | 5197.62 |
Stock market review this week
The markets lost significantly this week as crude oil prices jumped substantially and domestic cues were also not very encouraging. Not a single sector gained this week and the numbers are following: the Sensex was down 3% and Nifty was also down 3%. The CNX Midcap index was down 4.7% while BSE Smallcap index was down 4% over the week. BSE Auto down 5.3%, BSE Realty down 4.5%, BSE Healthcare down 3.8%, BSE Metal down 3% and BSE Bankex down 4.5%.
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Thursday, February 24, 2011
Intraday Stocks Sell Calls for today 24 Feb 2011
SELL RELAINCE 985 SL 992 TGT 970
SELL ABAN 560 SL 570 TGT 540
SELL ICICI BANK 990 SL 1000 TGT 970
SELL NIFTY 5380 SL 5410 TGT 5330-5300
SELL SILVER 50150-200 SL 50350 TGT 50000-49850
SELL CRUDE OIL 4510 TGT 4470-4425 SL 4540 .......
SELL GOLD 20970-975 TGT 20900 SL 20990
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Tuesday, February 22, 2011
Nifty Future Intraday Support and Resistance for today 23 Feb
NIFTY FUTURE-OPTION ANALYSIS
NIFTY FUTURE-CMP(5470.35) is currently in SIDEWAYS trend . Yesterday the trend was BEAR In Feb series Nifty future shed 29.33 lakh position in Open Interest and this accounts to -14.3193296182 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 1.15 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 3.27 lakh position in open interest and this accounts to -1.06 % of Total Open Interest in all series and cumulatively trading in average premium of 17.58 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
NIFTY FUTURE LEVEL-Feb/23/2011
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 5562.91 | 5520.93 | 5495.64 | 5472.83 | 5445.06 | 5419.77 | 5377.79 |
NIFTY OPTION ANALYSIS-NIFTY CALL-NIFTY PUT
At current price strike the activity is tilted to put side and writing of put is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 962.87 lakh position and Nifty call option has added 794.75 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 13.55 crore in value and Nifty call option has added Rs 8.4 crore in value on cumulative basis
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Bank Nifty Support and Resistance for tomorrow 23 Feb 2011
| Pivot Level = 10866 | |
| Support1 = 10731 | Resistance1 = 10969 |
| Support2 = 10627 | Resistance2 = 11103 |
| Support3 = 10493 | Resistance3 = 11207 |
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Monday, February 21, 2011
Nifty Future Levels and Trends for today 22 FEB
NIFTY - has given a strong closing at 5518.6 If staying above 5488.5 , it may test 5554.7 and even 5598.6 however staying below 5488.5 it may go to 5463.5
NIFTY FUTURE-CMP(5528.15) is currently in BULL trend . Yesterday the trend was VERY STRONG BULL In Feb series Nifty future shed 15.07 lakh position in Open Interest and this accounts to -6.43528206004 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 9.55 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 1.59 lakh position in open interest and this accounts to 0.51 % of Total Open Interest in all series and cumulatively trading in average premium of 28.37 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
NIFTY FUTURE-CMP(5528.15) is currently in BULL trend . Yesterday the trend was VERY STRONG BULL In Feb series Nifty future shed 15.07 lakh position in Open Interest and this accounts to -6.43528206004 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 9.55 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 1.59 lakh position in open interest and this accounts to 0.51 % of Total Open Interest in all series and cumulatively trading in average premium of 28.37 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
NIFTY FUTURE LEVEL-Feb/22/2011
| R3 | R2 | R1 | PIVOT | S1 | S2 | S3 |
| 5658.92 | 5599.61 | 5563.88 | 5492.72 | 5492.42 | 5456.69 | 5397.38 |
NSE, BSE BUY Stocks Technical Calls for today 22 FEB
All Buy call are suggested if nifty strictly stays above 5510.
| DATE | STOCK | BSE CODE | LAST CLOSE | BUY PRICE | SL | TARGET-I | TARGET-II |
|---|---|---|---|---|---|---|---|
22-Feb-11 | STATE BANK | 500112 | 2791.5 | 2753.5 | 2699.9 | 2828.6 | 2885.1 |
22-Feb-11 | BHEL | 500103 | 2111.6 | 2099.3 | 2015.4 | 2138.7 | 2164.8 |
22-Feb-11 | SIEMENS LTD. | 500550 | 844.5 | 837.8 | 831.1 | 852.5 | 869.5 |
22-Feb-11 | ATLAS COPCO | 526991 | 2139.2 | 2126.4 | 2093.42028 | 2150.9 | 2172.8 |
22-Feb-11 | ACC LTD | 500410 | 1001.9 | 985.5 | 953.6 | 1012.5 | 1029.3 |
22-Feb-11 | JINDAL STE | 532286 | 689.6 | 675.4 | 664.4 | 698.4 | 712.3 |
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