Outlook of nifty on 01/10/2013

Nifty closed on a strong bear note at 5735 level. So today the first resistance for nifty is at 5767-72 level. Next resistance ranges are at 5798-03,5850-55,5880-85,5907-12,5945-50,5968-72,5989-94,6034-38,6065-70,6096-01,6121-26,6170-75,6212-16,6230-36,6262-66,6313-18,6367-6372 levels. On downside first support is at 5703-98 level. Next supports are at 5672-68,5621-16,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level.The trend is in bearish side and better no long until nifty is above 5800 level.On down side intraday support areas are at 5698, 5668 and 5620 level. 

Positional Support for NIFTY 5704 5698 5643 
Positional Resistance for NIFTY is 5754 5759 5823 5852 5901 5910 .
Intraday Resistance of NIFTY are 5798.2 : 5850.3 : 5849.5 : 5865.4
Intraday Support of NIFTY are 5672.4 : 5620.3 : 5622.3 : 5606.7

Buisness Standard (30/09/2013)

Companies

• 20:19 | Vodacom-Notel in exclusive discussions
• 20:09 | Recent tax issues undermine India's image, Sanofi CEO
• 19:59 | Sebi asks Naresh Goyal to sell another 6% in Jet
• 19:46 | Limited downside risks for OMCs
• 19:34 | Gulf between job seekers, employability widens
• 19:20 | Vodafone goes rural with data
• 19:16 | Airtel shareholders approve selling DCMS biz for Rs 177 cr
• 19:16 | HomeShop18 hopes to break-even in FY14
• 19:10 | I&B ministry to respond to Sircar's letter
• 19:06 | Infosys, IBM to develop banking system for Williams & Glyn's
• 18:51 | Punjab deputy CM offers Biocon for cancer, diabetes treatment
• 18:47 | Taj Mansingh set to get 6 months lease renewal
• 18:42 | Sahara India feted for CSR in Dubai ceremony
• 18:23 | Govt allows GVK, GMR to take part in airport privatisation
• 18:18 | MCA seeks SFIO probe status on Tata-Unitech deal
• 18:14 | Will 'fire in blood' fire up Indian pharma?
• 18:13 | HTC eyes 15% smartphone market share in India
• 18:08 | Serviced apartment reach 12-19% annual yield on investments
• 18:07 | Infosys, IBM selected for over $400 million RBS contract
• 18:03 | Core sector grows at seven-month high of 3.7% in Aug
• 18:01 | Big-ticket hotel transactions only if asset prices dip
• 17:55 | DoT Committee to submit report on TRAI recommendations in next two days
• 17:30 | Cipla to tap high revenue markets, products
• 17:29 | Pepsi, Coke 200-ml bottles now at Rs 8
• 17:11 | Abhi-Ash to endorse TTK Prestige products
• 16:31 | Liberty Videocon installs tracking devices in 1,000 cars
• 16:31 | Accenture results mixed bag for Indian IT firms
• 16:26 | CLP India ties up with StanChart, IDBI Bank, IDFC for finance
• 16:26 | About 49% companies in Asia Pacific lack formal written HR strategy: Study
• 16:24 | Mundra compensatory tariff : MahaViraran bats for RoE cut by Tata Power arm
• 16:07 | Turner ties up with Reliance MediaWorks for post-production
• 15:54 | CLP India pools revenues to pay off debt
• 15:44 | DDA plans to rezone area around Yamuna to legalise colonies
• 15:42 | LG launches G2 at Rs 41,500
• 15:27 | Companies mop up Rs 4,800 cr through issue of retail NCDs
• 15:26 | Sanofi, PHFI join hands for diabetes programmes in India
• 15:16 | Allcargo's M&A strategy to boost growth amid slowdown blues
• 15:02 | Crystal Crop inks MoU with IARI for solar powered sprayer tech
• 14:14 | Asus eyes 10% pie of Indian notebook market
• 14:01 | Bangalore recorded highest proportion of relocations: Cushman & Wakefield
• 13:27 | Glenmark gets USFDA nod for skin infections cream
• 13:03 | Indigo's profits are not surprising, competitor's survival is
• 13:00 | Siemens consortium bags order worth Rs 271 crore from RINL
• 12:51 | CERC to hear RPower's plea on Tilaiya UMPP on October 15
• 12:38 | Electrosteel Steels' debt recast plan approved by CDR cell
• 12:26 | Jones Lang LaSalle India closes land deal in Kolkata
• 11:51 | SKS Micro concludes Rs 321 securitisation transaction
• 11:44 | Abhi-Ash to endorse TTK Prestige products
• 11:28 | Toshiba to cut 3,000 staff in ailing TV division
• 11:22 | IBM settles with US Justice Department over job listings
• 10:33 | UBS upgrades Tech Mahindra citing earnings upside, valuations
• 09:21 | Indian IT to benefit from uptick in outsourcing demand

Economy & Policy

• 19:56 | Petrol to be cheaper by Rs 3.05/ litre, diesel to cost higher by 50 ps
• 19:47 | Q1FY14 CAD in line @ 4.9% of GDP
• 19:41 | Fiscal deficit in Apr-Aug touches 74.6% of Budget estimate
• 19:35 | Companies free to choose CSR activities: Pilot
• 18:57 | Headache for FinMin: Fiscal deficit at 75% of BE in just 5 months
• 18:45 | India, Mozambique to make efforts for doubling trade by 2016
• 18:44 | PHD Chamber gets recognition for promoting Indo-Pak trade
• 18:31 | Eight core sectors grow by 3.7% in August
• 17:53 | World Bank bats for dairy dung energy policy in India
• 17:22 | Reforms to eliminate unregulated space in financial sector: FM
• 15:16 | Tamil Nadu govt reduces power cut for HT units
• 15:09 | 'Industry should invest more in R&D to compete globally'
• 14:46 | Govt study to assess quantum of black money yet to complete
• 14:31 | Gujarat tops with 35% share in completed realty projects across India: Assocham
• 14:08 | Investors jittery over US debt ceiling crisis
• 13:55 | UP ranks highest in new investments in real estate sector
• 12:33 | My differences were technical, not aware of political agenda: Shaibal Gupta
• 12:02 | Odisha urged to finalize land rate, rehab package for Dulanga block
• 11:01 | Betterment Charges to fund the viability gap in NCR Rapid Rail Connectivity
• 10:26 | Data on fiscal deficit today is keenly watched
• 10:13 | 3G means low connectivity at higher price for consumers

Finance

• 20:06 | Bank of Baroda raises fixed deposit rates by up to 0.50%
• 20:01 | RBI to infuse Rs 10k cr into market to ease liquidity via OMOs
• 19:57 | India's external debt declines by $3.6 bn in Q1
• 19:06 | Net NPA of banks rises to 1.68% in 2012-13: RBI
• 18:47 | Capital ratio dips, profit falls, bad loans rise for banks in FY13
• 18:31 | Rupee posts first monthly gain since April
• 18:30 | Sebi issues norms to simplify registration process for brokers
• 18:19 | Banks unlikely to rush to raise foreign currency deposits
• 17:37 | 'India exploring possibilities of FTAs with emerging markets'
• 17:17 | SAT sets aside Sebi order against 3 GEE promoter entities
• 16:15 | Irda extends product refiling deadline for life insurers by 3 months
• 14:47 | Rupee pare gains as custodial banks sold dollars
• 11:22 | Rupee recovers in early trades
• 09:20 | Range-bound trend this week in bond markets: Jajoo

Markets

• 20:15 | Sebi issues norms to check non-compliance of listing rules
• 20:07 | Fin Tech excluded from NSE F&O segment
• 19:43 | Fed sparks fresh gush of ETF money
• 19:33 | Massey resigns from MCX, FT's foreign bourses
• 19:12 | Investors fret as US debt ceiling crisis escalates
• 18:43 | The shine is off FMPs
• 18:12 | Lotus Refineries files Rs 27 bn claim suit against NSEL in High Court
• 18:08 | Interministerial meeting on Tuesday for onion price review
• 17:58 | No impact on MCX due to NSEL crisis
• 17:32 | Banking, realty, capital goods & power sector underperform in H1FY14
• 16:16 | Banking, realty, capital goods and power sector underperform in H1FY14
• 16:14 | What does a US shutdown mean for Indian markets
• 15:51 | Sensex slumps 350 pts, US shutdown fears loom
• 15:42 | Sebi eliminates over 99% of applicants in first round
• 15:32 | Provisional: Markets end 2% lower on weak global cues
• 15:20 | 8,500 rubber dealers closed today
• 15:08 | NSEL probe: MCA expects financial reports from RoC in few weeks
• 15:07 | 10 things you wanted to know about the US debt ceiling
• 14:45 | Markets down on weak global cues
• 14:17 | EoW visited NSEL offices, files first FIR
• 14:03 | Chana up 0.1% as demand picks up
• 13:59 | Crude palm oil down 0.2% on weak demand, global cues
• 13:55 | Lalu Yadav convicted: More fodder for the markets in the election year?
• 13:52 | India's coffee export declines 5.3 % in crop year 2013
• 13:50 | Potato up 0.6% on spot demand
• 13:48 | Refined soya oil up 0.6% on good spot demand
• 13:45 | Sugar down 0.2% on ample supply
• 12:59 | Sensex down over 250 points; IT bucks trend
• 12:26 | Mentha oil down 1.1% on profit-booking
• 12:26 | Cardamom falls by 1.1% on sluggish demand
• 12:23 | Nickel down 0.8% on sluggish demand, global cues
• 12:21 | Zinc down 0.8% on subdued demand
• 12:20 | Lead down 0.8% on subdued spot demand, global cues
• 12:17 | Copper down 0.6% on global cues, low demand
• 12:10 | Effective today, corporate bonds can be used as collateral on exchanges
• 11:41 | Weakness continues ahead of CAD numbers
• 11:30 | Beware of volatility: India VIX may surge above 30 levels in Oct
• 11:23 | India's coffee exports decline 5.3% in crop year 2013
• 11:09 | Net FII debt outflows up since FOMC meet
• 11:02 | Bank Nifty tanks nearly 1,500 points post RBI policy
• 10:37 | Bharti Airtel falls on concerns of penalty issue
• 10:37 | The Onion Conundrum
• 10:15 | Markets extend slide, Rupee weakens further
• 10:09 | FTIL, MCX extend fall on NSEL fiasco
• 09:55 | NSEL Saga -The making of Badmash Company 2
• 09:47 | Lupin gains on FDA nod for generic oral contraceptive drug
• 09:44 | Allcargo: M&A route to growth amid slowdown blues
• 09:30 | Nifty opens below 5,800, Asian markets weigh
• 09:28 | Brent falls below $108 on U.S. jitters, Iran
• 09:28 | Gold gains as U.S. shutdown looms, headed for best quarter in a year
• 09:25 | ING Vysya Bank surges on ING Group stake sale plan report
• 08:22 | Pre-Market: Shares may open lower, SGX Nifty drops

Management

• 18:30 | 'Global ranking benchmarks not good enough for Indian varsities'

Technology

• 18:20 | Big data getting big for India Inc

PF

• 14:54 | Life insurance products to become more transparent from tomorrow

Current Affairs

• 18:31 | Members in the dark as Sridhar appointed as GM (cricket ops) of BCCI
• 17:16 | Three Tunda aides remanded in judicial custody
• 16:45 | SC issues notices on KG basin gas pricing issue
• 16:36 | Anna Hazare awarded inaugural Allard Prize for International Integrity in Canada
• 16:04 | Lalu's conviction gives glimmer of hope: Lok Satta chief
• 15:48 | EOW cracks whip on NSEL, Financial Technologies
• 15:24 | BSF to probe how Samba terrorists crossed border
• 15:15 | Ahead of Durga Puja, it is the season of doles in West Bengal
• 15:00 | Asaram Bapu's judicial custody extended
• 14:38 | SC restraint order on BCCI chief Srinivasan to continue
• 14:15 | Muzaffarnagar violence: Attachment proceedings against accused
• 13:21 | NC MLAs move privilege motion against former Army Chief
• 13:21 | Muzaffarnagar riots: Villagers donate land for rehabilitation
• 13:10 | Muzaffarnagar riots: 3 women allege gangrape
• 13:00 | Yuvraj makes a comeback for OZ series; Yadav dropped
• 13:00 | No clinical trial of untested drugs in absence of mechanism:SC
• 12:56 | Fake currency seized in Bhopal, three held
• 12:41 | Study reveals people plan their next holiday right after returning from one
• 12:41 | Lalu convicted: Parties welcome verdict
• 12:15 | Jayalalithaa urges PM to put on hold DBT for LPG in TN
• 12:13 | Pakistanis, Bangladeshis are happier than Indians: Gallup poll
• 11:31 | Pak assures India of progress in Mumbai blast case
• 11:00 | Modi doesn't like 'dehati aurat': Khurshid

International

• 16:36 | Hillary's next Prez bid 'will be better' than 2008: Bill
• 16:36 | Wave of car bombs across Baghdad kills 51
• 15:36 | India-China border mechanism talks concluded on positive note
• 14:56 | Bugti murder case: Musharraf ordered to appear in Pak court
• 14:25 | Meeting with Manmohan Singh 'productive': Sharif
• 14:24 | Nisar slams Khurshid for making 'unnecessary' remarks against Pak army
• 13:47 | How inspectors plan to halt Syria's ability to make chemical weapons
• 12:32 | Manmohan-Nawaz talks a 'miracle', says Pakistani media
• 10:55 | PM wants to give Sharif a chance: Khurshid
• 10:43 | GOP majority House votes to delay Obamacare for one year
• 09:40 | Twitter to make IPO filing public this week: Quartz
• 09:39 | Soft domestic demand hits China Sept final HSBC PMI
• 08:35 | Oil prices tumble on concerns over US budget impasse
• 08:34 | Jolted by U.S. & Italian politics, safe-havens gain
• 07:52 | Nigeria's Boko Haram killed 85 in five days
• 07:02 | Kenya mall attack: One more suspect arrested
• 02:00 | Iran FM accuses Netanyahu of 'lie attack' on nukes
• 01:55 | Israel's Netanyahu warns White House about Iran
• 01:55 | Assad says Syria will comply with UN arms resolution
• 01:45 | Chemical weapons inspectors outline Syria plan
• 00:15 | Sharif asks aides to explain Indians on 'dehati aurat' remarks

Outlook of nifty from 30/09/2013 to 04/10/2013

CMP	5833.20
Nifty Range	5655 to 6012
Pivot Point	5878
Turning Points	5792/5965
Positive Above	5882
Negative Below	5784
Bull Turning Point	5931
Bear Turning Point	5735

Nifty has closed (5833.20) below Weekly Pivot Point (5878).

Nifty has immediate Resistance at 5850 and then at 5862. Nifty must cross 5879 and stay above 5898 on Closing Basis to continue its Up-move. If Nifty manages to cross and decisively close above 5915, it may go up to 5934 – 5956. Above 5969, Nifty will enter into Bull Zone and may move up to 5982 – 6001 - 6020. Further Up-move Levels will be 6042 – 6063.

Nifty has immediate Support at 5824 and then at 5810. If Nifty breaches 5795, it may go down to 5781 – 5769. Nifty will get weak below 5757 and may go down to 5748 – 5736. Below 5724, Nifty will enter into Bear Zone and may go down to 5712 – 5700 – 5686 - 5674. Further Down-move Levels will be 5662 – 5645 – 5630 – 5616.

Moving Averages

Average	20 Days	50 Days	100 Days	200 Days
SMA	5784	5714	5815	5841
EMA	5805	5752	5769	5752

General Out-Look

Nifty Trend looks to be Sideways. Global Cues are Mixed. Nifty may continue its Upmove if it manages to HOLD above 5879 on Closing Basis, crosses 5898 and stays above 5915. The Upmove will be up to 5934 – 5956 – 5969. On the other hand if it HOLDS below 5795, breaches 5781 and trades below 5769, it is likely to be dragged down to 5757 – 5748 – 5736 – 5724.  

Fresh Strength will be seen only above 5850 and 5866. If Nifty manages to stay above 5866, next Upmove Levels will be 5882 - 5931 and then 5970 - 6012.

Below 5817, Nifty could slip down to 5801 – 5784. If 5784 is breached, break-down to 5735 – 5692 – 5655 is likely to be seen.

Factors of Concern/Major Events

1. This Week has 4 Working Days. Wednesday, 2-10-13 will be Holiday on account of Gandhi Jayanti.

2. Domestic and Global News/Cues (Especially from European and U.S. Markets).

3. Status of Rupee versus Dollar.

4. FOMC Meeting on 28/29^th October 13

5. RBI Monetary Policy Review on 29^th October 13.

6. News floating around as regards to QE-3 tapering, GAAR and further hike in Interest Rates by RBI, in view of untamed Inflation.

7. Corporate Results to commence and Infosys Result on 11-10-13.