NSE India

Tata Chemicals: major support under pressure

Company profile: Tata Chemicals Ltd. manufactures salt and salt by-products, alkalies and heavy chemicals, pharmaceuticals, fertilizers and agro-chemicals. The Company’s salt products include common salt, pure salt and gypsum salt. Heavy chemicals include soda ash, caustic soda and hydrochloric acid. Tata Chemicals’ pharmaceuticals include bromides of ammonium, sodium, potassium and ethyl. 

NSE Nifty Weekly Outlook

Profile: The S&P CNX Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.

Tata Steel: continuation pattern forming

Company profile: Tata Steel Ltd. is an integrated steel producer which manufactures a variety of steel products. The Company’s products include steel ball bearing rings, alloy steel bearing rings, annular forgings, flanges, bearings, welded steel tubes, cold rolled strips and seamless tubes. Tata Steel also manufactures metallurgical machinery.

Tech Mahindra: careful…

Company profile: Tech Mahindra Ltd. develops and markets computer software. The Company markets software for telecommunications equipment manufacturers, telecom service providers, software vendors, and systems integrators. Investors should be wary of a major trend reversal. Pressure on the main support zone 865<>850 can be expected over the next few days. Clearing this zone triggers a [...]

Tata Motors: pressure mounting

Company profile: Tata Motors Limited manufactures cars and commercial automotive vehicles in India. The Company designs, manufactures and sells heavy commercial, medium commercial and small commercial vehicles including trucks, tankers, vans, buses, ambulances and minibuses. Tata also manufactures small cars and sports utility vehicles.

Cummins India: careful…

Company profile: Cummins India Limited manufactures internal combustion engines, including diesel, reciprocating piston, gas turbine and gasoline engines. The Company also manufactures generating sets and public transport-type passenger motor vehicles, including luxury coaches and air-field buses. In addition, Cummins India Ltd. operates a computerized and fully-equipped research and development facility.

Colgate-Palmolive (India): prepare to cover longs

Company profile: Colgate-Palmolive (India) Ltd. manufactures consumer products in the oral care and body care area. The Company’s products include soaps, cosmetics, toilet preparations, toothpaste, toothbrushes, shaving brushes, and glycerin.

IDBI Bank: reversal pattern

Company profile: IDBI Bank Limited provides a range of banking and financial services. The Bank’s services include fund-based operations, such as venture capital and fee-based activities, which include merchant banking and debenture trusteeship. 

Hindustan Petroleum: near-term bullish

Company profile: Hindustan Petroleum Corporation Limited refines crude oil and manufactures petroleum and petroleum products. The Company’s products, which are sold via outlets throughout India, include lube products, lubricating oil, aviation fuel, hydraulic brake fluid, greases, liquefied petroleum gas and insecticides. The Government of India is the majority shareholder in the company.

LIC Housing Finance: resistance holds out

Company profile: LIC Housing Finance Limited provides housing finance services to individuals for purchase, construction, repair and renovation of new or existing flats and houses. The Company also provides finance on existing property for business, personal needs and gives loans to professionals for purchase, construction of clinics, nursing homes, diagnostic centers, and office space throughout India.

Global

SPDR Utilities (US): steep correction

Profile: Utilities Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that correspond to the performance of The Utilities Select Sector Index. The Index includes communication services, electrical power providers and natural gas distributors.

Close Brothers Group (GB): correction in uptrend

Company profile: Close Brothers Group PLC is a specialist financial services group. The Company makes loans, trades securities and provides advice and investment management solutions to a wide range of clients. Close Brothers operates through three divisions: Banking, Securities and Asset Management.

Bond Report

► US 10yr Profile: US 10 year T-Notes (continuous futures) Pressure is mounting considerably with the H&S reversal formation looming on the weekly chart. Dipping below the neck line (103) completes the formation and triggers a strong sell-signal towards the projection at 122. Decrease exposure and keep a close watch on support. Support: 103^04 / 127^15 [...]

Acerinox (ES): breakout likely

Company profile: Acerinox, S.A. manufactures and distributes hot and cold-rolled stainless steel products including slabs, billets, and bars. The Company operates plants in Spain, the United States and South Africa, and piers used to ship raw materials. The Company markets its products primarily in Europe, Asia, and the Americas.

Metro (DE): new uptrend

Company profile: Metro AG operates retail stores and markets products over the Internet. The Company operates cash and carry stores, supermarkets and hypermarkets, consumer electronics stores, department stores, theme stores, and online sales services.

Norsk Hydro (NO): undertone improving

Company profile: Norsk Hydro ASA is a supplier of aluminum and aluminum products. The company provides automotive and transport products, building systems, casthouse products, extruded products, rolled products, and wire rod.

ESTX600 Utilities Sector update

Profile: Euro Stoxx 600 Utilities Sector Index (in euros).

Olam International (SG): potential trend reversal

Company profile: Olam International Limited is an international integrated supplier of both raw and processed agricultural commodities. The Group sources, processes, stores, transports, ships, distributes, trades and markets agricultural products. Olam International also provides insurance related services.

Crude Oil & Gas update

Profile: WTI Crude Oil (front month) & Natural Gas, medium term outlook ► WTI Crude Oil Support: 93.10 / 92.83 / 89.33 Resistance: 97.35 / 110.18 / 114.83   ► NYMEX Natural Gas Support: 3.927 / 3.607 / 3.105 Resistance:  4.983 / 6.108

Atmel Corporation (US): strong trend, buy

Company profile: Atmel Corporation (ATML) designs, develops, manufactures, and markets various non-volatile memory and logic integrated circuits using its proprietary technology. The Company’s devices are used in products for telecommunications, computers, networking, image processing, industrial and military applications, and avionics.

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