Daily Stock Traders Guide 18112010

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 Daily Stock Trader’s Guide
                                                                                                  Market Forecast for November 18, 2010                                                        India may beat China's by 2012: India will
                                                                                                                                                                                               be a $30-trillion economy by 2030, and
                                                                                                                                                                                               India's growth rate could begin to outpace
                                                                                                                                                                                               China's by 2012, says a report prepared by
                                                                                                                                                                                               Standard Chartered's global research team.
                                                                                                                                                                                               It predicts China's growth rate in 2012 will
                                                                                                                                                                                               be 8%, while India's will be 8.8%. India will
                                                                                                                                                                                               be the world's 3rd largest economy in
                                                                                                                                                                                               2030, with a race on for the top slot be-
                                                                                                                                                                                               tween the US & China. China may well
                                                                                                                                                                                               overtake the US to become the world's top
                                                                                                                                                                                               economic superpower within a decade, the
                                                                                                                                                                                               report adds. As per this report, world
                                                                                                                                                                                               economy will reach $308 trillion by 2030;
                                                                                                                                                                                               China will be a $73-trillion economy &
                                                                                                                                                                                               India a $30-trillion economy. Today, India
                                                                                                                                                                                               is a little over a trillion-dollar economy.
                                                                                                                                                                                               While China is predicted to grow at 6.9%
Nifty nose dived below 50 EMA. Nifty lost 2.17% or 133 points to close at 5988. It lost almost 5%                                                                                              over the next 20 years, India's growth is
in last 5 session. Latest sovereign credit woes in Europe & concerns that China could raise inter-                                                                                             projected at an average of 9.3% over the
est to slow its economy slammed stocks. The slide came after South Korea raised interest rate.                                                                                                 period. The report foresees Chinese Yuan
                                                                                                                                                                                               appreciating from 6.64 this year to 4.39 &
European finance ministers contemplate a bailout for Ireland similar to Greece. Weak IIP data                                                                                                  rupee from 45.5 this year to 35 against US$
for second successive month triggered fears over ‘growth’ story. Flow of funds from secondary                                                                                                  in 2030. It also points to Asia as the main
markets to primary market was evident in the subscription to Power Grid FPO. However excise                                                                                                    driver of global growth over the next 2
duty collections in October grew 14.47 %. In the first 7 months collections grew 36.2 %. Mean-                                                                                                 decades. During this time, global output is
                                                                                                                                                                                               predicted to more than double in real
while, share sales by state run firms Manganese Ore India & Shipping Corporation of India are                                                                                                  terms, having risen more than 50 % in the
likely to hit the market by end-November, while Hindustan Copper FPO is likely in December.                                                                                                    last 10 years. The report says the world is
Roll Over of open Interest of 1,60,000 Cr to December series will now start & has to be com-                                                                                                   in a persistent period of high economic
pleted in next 5 session. This could add volatility. FII’s were net sellers of equities for Rs 197 Cr.                                                                                         growth, or a super cycle, which began in
                                                                                                                                                                                               2000. While the global economy has al-
on Tuesday. In last 5 sessions, FII’s have been net sellers for Rs 757 Cr. This year they invested                                                                                             ready doubled between 2000 and 2010, it
$28 billion. There are fears that the FIIs will start pulling out to close positions ahead of the year                                                                                         is predicted that it will grow to over $300
-end to cash in on the gains they have made during calendar year 2010. It is now crystal clear                                                                                                 trillion by 2030, from $62 trillion today.
that Nifty after touching 6335 on 8th November is in correction mode for a target lower to 5872                                                                                                While the developed world will continue to
                                                                                                                                                                                               grow, it is the emerging markets that will
or 5745. Nifty will turn negative only on a close below 5745. In such a case target will be 5565.                                                                                              be star performers. The "new world order"
Right now Nifty faces resistance at 6012, 6100 & 6150. It has support at 5960-30. Trade with                                                                                                   will be one where the global balance of
strict stop loss.                                                                                                                                                                              economic power will shift from the West to
                                                                                                                                                                                               the East, according to the report. The key
 PERFORMANCE OF NOV 16                                                                                                                       SPOT NIFTY MOVEMENT                               drivers of the super cycle will be increased
                                                                                                                                                                                               emerging market trade, rapid industrializa-
        BHEL                                ALL LTR ACHIEVED                                                                    OPEN                                    6143                   tion, urbanization & flourishing middle
                                                                                                                                                                                               classes in the developing world. A super
    EDUCOM                                 ALL UTR ACHIEVED                                                                     HIGH                                    6144                   cycle is defined as "a period of historically
  JSWSTEEL                                  ALL LTR ACHIEVED                                           5/5                      LOW                                     5971                   high global growth, lasting a generation or
                                                                                                                                                                                               more, driven by increasing trade, high
                                                                                                                                                                                               rates of investment, urbanization & tech-
         SBIN                               ALL LTR ACHIEVED                                                                    CLOSE                            5988(-133)
                                                                                                                                                                                               nological innovation & characterized by
       TELCO                                ALL LTR ACHIEVED                                                                    PREVIOUS                                6121                   emergence of large, new economies, first
                                                                                                                                                                                               seen in high catch-up growth rates across
 DAY TRADE RECOMMENDATION FOR TO-DAY                                                          > LOOKING FOR PARTNERS partner@chuknoo.com                                                       the emerging world."

          STOCK                         LOWER TARGET (LTR)                                Stop LOSS Sell BELOW No Trading Zone Buy ABOVE Stop LOSS                                                               UPPER TARGET (UTR)

    EDUCOMP                        520/45/28/32/37/541                                       552.9                     546                      546-562                            562            552.9         567/73/80/85/590
        LICHSG                      1256/64/72/80/1288                                     1310.2                     1298                   1298-1322                           1322             1310.2      332/42/50/58/65/74
             LT                     1945/55/64/72/1980                                    2005.55                     1990                   1990-2020                           2020            2005.55        2029/37/45/53/70
       RELCAP                           720/725/730/735                                    749.25                      740                      740-760                            760            749.25      765/69/74/80/85/90
     RELIANCE                       995/1000/1007/1012                                     1030.5                     1020                   1020-1040                           1040             1030.5        1047/52/59/65/72
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