NIFTY NEXT-Nifty EOD 02 Feb 2011 Technical Analysis

Nifty-spot today ended at 5432 with a marginal gain of +0.3%. It slides from its days high of 5090 as per our Before market Open Analysis. It has formed a Black Candle on Daily price chart. All Major Momentum indicators are in Bearish Mood. RSI is in huge oversold zone. As per Volatility Skew of Nifty Options, Puts has seen rising levels while Calls are declining . VS  now indicates again a Bearish Trading day for Nifty on 03 Feb 2011. 5700CE&  5200PE has seen huge Traders Interest in today’s Trading. As per our NNI-Nifty Next Indicators which also declined by – 8.5% is now trading at +3.25%, along with fall in Traders MOOD & Volume, suggest a Reddish Trading 
Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

FII Data Updates for 02 Feb 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 02/02/2011 3453.70 3879.40 -425.70 1141.50 861.70 279.80 01/02/2011 2592.50 3493.00 -900.50 1931.20 536.90 1394.30 31/01/2011 3509.00 4101.40 -592.40 435.60 989.30 -553.70 28/01/2011 4192.90 5590.30 -1397.40 1982.40 1298.50 683.90 27/01/2011 3167.00 2738.70 428.30 72.10 301.50 -229.40 25/01/2011 2593.30 2398.40 194.90 548.20 1179.40 -631.20 24/01/2011 2517.50 2479.90 37.60 888.00 872.00 16.00 21/01/2011 2725.90 3560.20 -834.30 984.50 1611.60 -627.10 Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

Hero Honda's third quarter net profit down 20 percent

New Delhi, Feb 2 (IANS) Two-wheeler major Hero Honda Motors Ltd Wednesday reported a 20 percent decrease in its net profit for the third quarter of the current fiscal. Its total income, however, increased by 34.13 percent during the same period.

'The company has posted a net profit of Rs.4,290 million for the quarter ended Dec 31, 2010, as compared to Rs.5,357.70 million for the quarter ended Dec 31, 2009,' the company said in a regulatory filing.

According to the company, its margins were affected due to rising input costs and constraints in components supply.

'Our margins have been under pressure on account of that (multitude of issues with constraints in supply of components and rising input costs),' the company's managing director and chief executive Pawan Munjal said.

Meanwhile, the company has said it expects the demand to remain strong for the two-wheeler segment, while the margins would still be under constraints in the short-term.

'While we expect the market demand for two-wheelers to remain bullish and we are confident of carrying on our growth trajectory, we do foresee margins to remain under pressure in the short term,' Munjal said.

The company also reported its total income, which increased by 34.13 percent to Rs.5,223.69 crore in the third quarter from Rs.3,894.38 crore for the quarter ended Dec 31, 2009.

The company further reported its highest ever quarterly sales of 14,28,030 two-wheelers in the third quarter of the current fiscal, which was fuelled by half million-plus unit sales in the months of October and December 2010.

The company crossed the five million unit sales mark for the first time in its history during the calendar year 2010.

The company's scrip at the Bombay Stock Exchange (BSE) went down by 5.27 percent at the close of the day's trading.