NIFTY FUT: If uptrend continues then it will zoom up to 4008.70-4010.70 zone. Corrections up to 3930.75 can be used to buy. SL at 3763.00 level.

-----------------------------------------
NIFTY FUT: If uptrend continues then it will zoom up to 3952.75-3954.75 zone. Corrections up to 3818.90 can be used to buy. SL at 3763.00 level.

intaday calls

Cash Market Intra-Day: Sell SKUMARSYNF (NSE Cash CMP 43.00) for Intra-Day gains. Stop Loss at 44.00 level.

NIFTY FUT: Buy with a Stop Loss of 3763.00 level. Target at 3868.90-3870.90 zone. SMS sent at 09.58 AM.

Cash Market Intra-Day: Buy ABGSHIP (NSE Cash CMP 301.25) for Intra-Day gains. Stop Loss at 297.25 level.

OUTLOOK FOR TODAY 30TH SEP 2008

Headlines for the day

Corporate News Headline

Axis Bank received the approval from its board for a private placement of USD 50 mn of senior notes under its medium-term note programme. (ET)

IVRCL Infrastructures & Projects bagged the Rs. 4.18 bn Punasa Lift Irrigation Scheme, to be executed in Madhya Pradesh over a period of 36 months. (BS)

Hindustan Zinc got a nod from the National Board for Wildlife to set up a Zinc Dust and CGG unit near Rajaji national park in Uttarakhand. (ET)

Economic and Political Headline

The finance ministry has blocked a proposal from the department of industrial policy and promotion to allow FII to invest over and above the sectoral caps on foreign investment. (ET)

Indian Prime Minister Manmohan Singh said that the financial crisis in developed countries could spill over to the rest of the world. (Reuters)

The USD 700 bn financial-rescue plan, intended to restore confidence in the US banking system, collapsed in partisan wrangling as the House of Representatives voted down the proposal backed by the Bush administration and congressional leaders of both parties. (WSJ)

---------------

NIFTY FUTURES (F & O)

Below 3847-3849 zone, selling may continue up to 3821 level and thereafter it can tumble up to 3763-3765 zone by non-stop.

Hurdles at 3869 & 3897 levels. Above these levels, expect short covering up to 3981-3983 zone by non-stop.

Sell if touches 4065-4067 zone. Stop Loss at 4093-4095 zone.

On Negative Side, if breaks & sustains at below 3735-3737 zone then downtrend may continue.

Short-Term Investors:

Short-Term Upward Target at 4176-4178 zone.

Short-Term

Support at at 3651-3653 zone.

----------

Strong & Weak futures

This is list of 10 Strong Future:

Syndibank, Hindunilvr, Col Pal, Bpcl, Acc, Glaxo, Hero Honda, Itc, Hindpetro & Ongc.

And this is the list of 10 Weak stocks:

Litl, Ivrprime, 31Infotech, Rajesh Expo, Kpit, Strtech, Aptecht, Niit Ltd, Hdil & Ranbaxy.

Nifty is in Down Trend.

-----------

USHA MARTIN (NSE Cash): Avoid Short Selling

in this scrip. Technically pullback should happen.

Support at 47 level.

Expected to rebound at around this level. If not, then problem for bulls too.

Hurdle at 54 level. Supply expected at around this level. This supply should get absorbed too.

SUZLON ENERGY FUTURES (NSE): Avoid Short Selling in this scrip. Technically pullback should happen.

Support at 139 level.

Expected to rebound at around this level. If not, then problem for bulls too.

Hurdle at 168 level. Supply expected at around this level. This supply should get absorbed too.

----------------------

The Dow Jones Industrial Average closed at 10,365.45. Down by 777.68 points.

The Broader S&P 500 closed at 1,106.42. Down by 106.85 points.

The Nasdaq Composite Index closed at 1,983.73. Down by 199.61 points.

The partially convertible rupee <INR=IN> ended at 46.95/96 per dollar on yesterday, weaker than 46.545/555 at the close on Friday.

----------

Sell CAPITAL GOODS Stocks

-------

--
Arvind Parekh
+ 91 98432 32381

"This isn't the beginning of the end of this crisis,"

"This is the end of the beginning."

fii data

FII

29/09: -476.94 Cr.(Prov)

DII

29/09: 554.82 Cr.(Prov)

--------------
Cash Market Intra-Day: Buy GAIL (NSE Cash CMP 409.50) for Intra-Day gains. Stop Loss at 405.50 level

NOW>>>>>> NIFTY FUT: If downtrend continues then it will fall up to 3774.90-3776.90 zone. Rallies up to 3863.30 can be used to sell. SL at 3992.10 level.
NIFTY FUT: If downtrend continues then it will fall up to 3839.30-3841.30 zone. Rallies up to 3895.50 can be used to sell. SL at 3992.10 level.

INTRADAY CALL

NIFTY FUT: If downtrend continues then it will fall up to 3871.50-3873.50 zone. Rallies up to 3927.90 can be used to sell. SL at 3992.10 level.

after 1st tgt achieves now>>>>>>>!

NIFTY FUT: Sell with a Stop Loss of 3992.10 level. Target at 3919.80-3921.80 zone.
------------

OUTLOOK FOR TODAY 29TH OCT 2008
NIFTY FUTURES (F & O)
Above 4022 level, expect short covering up to 4071-4073 zone by non-stop.

Support at 3970 & 3988 levels.

Below 3920-3922 zone, expect panic and have caution.

On Positive Side, rallies up to 4119-4121 zone can be used to sell.
Stop Loss is too far on upper side and can be placed at around
4199-4201 zone.

Short-Term Investors:

Short-Term Upward Target at 4248-4250 zone.

Short-Term Support at at 3871-3873 zone.
-----------
COLGATE PALMOLIV (NSE Cash): Likely to Zoom. Technically it should go up.

If crosses & sustains at above 427 level then uptrend may continue.

Support at 400 level. It should not be allowed to break at any cost.

DABUR INDIA FUTURES (NSE): Likely to Zoom. Technically it should go up.

If crosses & sustains at above 94 level then uptrend may continue.

Support at 85 level. It should not be allowed to break at any cost.
-------
The Dow Jones Industrial Average closed at 11,143.13. Up by 121.07 points.

The Broader S&P 500 closed at 1,213.27. Up by 4.09 points.

The Nasdaq Composite Index closed at 2,183.34. Down by 3.23 points.

The partially convertible rupee <INR=IN> ended at 46.5450/5550 per
dollar on Friday, below its 46.20/22 at close on Thursday.
----------
FMCG INDEX Stocks May Zoom
-------
Strong & Weak futures

This is list of 10 Strong Future:

Syndi Bk, Gtoffshore, Moserbaer, Hind UniLvr, Glaxo, Acc, HeroHonda, Jindalsaw, Albk & ColPal.

And this is the list of 10 Weak stocks:

Unitech, 31Infotech, Ivrprime, Kpit, Aptecht, Hdil, Niit, Strtech, Litl & Ranbaxy.

Nifty is in Down Trend.
--------
Market may open with small gap up, Positional target for cash nifty
3822-3801, Be cautious on market and longs, close below 3800 more
bearish in intra as well as positional.Keep Cash nifty levels 3900 and
3800 for support and 4023 and 4067-80 for resistance.
-------
+ve Indices and sector :

Cement, Spic, Emami, ITC, Shantigear,Sunpharm a

Short Bankindia-276 for 263 with sl 280

Short HDFCBank-1244 for 1200 with sl 1255

Short Nationalumn- 380 for 363 with sl 386

Buy NTPC-174 above 177 for 183 with sl 174

Buy ACC-613 above 616 for 633 with sl 610
---------
+ve to Market

1.US Market 2. Nuclear Deal 3. US's crisis recovery package 4.

-ve to Market

1. Asian Market (Mixed) 3. Crude 4. Technical breakout 5. Gold 6. SGX
Nifty 7.Sentiment

------------

India: Do Not Remain Under An Illusion, The Worst Is Still To Come
In comparison to the Year 2000-2003 Bear Market, Bombay has still a long way to slide down. Till decrepit NBFCs, Private Commercial Banks, Heavily leveraged Cyclical stocks do not move down to low PEs, and till all loss making concerns are out of mutual fund portfolios, Indian investors beyond the odd blip here or there can trust that we have equalled the fall of September 2000. The bigger fall which will take Bombay below 7000 over the next 15-18 months is still to come. My view is that the great dollar-based credit expansion of the last half-century has come to an end. It will end with BOTH a bang and a whimper – that is, both a deflationary contraction...and an inflationary blow-off. A deflationary contraction is the market's normal response to an inflationary boom. And an inflationary blow-off is the market manipulators' normal response to a deflationary contraction; but let me hasten to add, there is no guarantee that they can pull it off. So, as usual, we live in a world of great unknowns...and lesser unknowns...and things we don't even know we don't know. What we do know is that stocks have not yet bottomed out (they are nowhere near their low points)...and bonds are still expensive (people still lend to the U.S. government for 10 years at less than 3% – that's substantially less than the current consumer inflation rate)...and the dollar is still treated with respect, even though its long-term value is zero, Which gives me the conviction that while the US and its markets will survive, very little will remain of the Emerging Markets. There is a lot that can go wrong that hasn't gone wrong yet, in other words. "The worst is to come." Sometimes it's nice to hear things laid out bluntly – and long time sufferers know that. Former chief economist of the IMF, Professor Kenneth Rogoff is not one to sugarcoat or mince words. He told attendees of a conference in Singapore that in the worldwide credit crunch, "The U.S. is not out of the woods. I think the financial crisis is at a halfway point, perhaps. I would even go further to say the worst is to come." The recent nationalization of the mortgage giants in the US, is the market manipulators response to the deteriorating market conditions. The merger of Wamu with Citi, and the task that Wachovia is having with other Banks means the scare of Default has now spread to the Bank Depositors. Foreign investors, especially the large nations with current account surpluses in Asia hold too much US Treasury and Bank Commercial Paper-most of which is worthless. To keep the confidence of Asian partners alive the US Treasury will not cut interest rates any more. At the same dissolution of Western Equity Investment in India and other nations of Asia which carry Trade, Budget and Fiscal Deficits will continue as Investors pull out even 10 or 20 cent to the Dollar on their Investments. The Global financial problems are bigger than an odd Bank rescue here or there. Even the $ 700 bn US bail-out may just put the brakes on but will not stop the Car without brakes. Different nations in Asia have their own unique problems. While Japan is not exposed to subprime, it holds around ¥9.6 trillion in bonds and mortgage-backed paper issued by finance groups. We all know that these securities aren't guaranteed by the U.S. government. Russia, China and all Asian Forex Surplus nations hold US Treasuries in lieu of cash. Till the dollars return home and the dollar debts are repaid, there will be no end to the on-going financial crisis and no bottoming of stocks.(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)

--
Arvind Parekh
+ 91 98432 32381

FII DATA

FII
26/09: -643.04 Cr. (Prov)
DII
26/09: 543.57 Cr. (Prov)
-------------------------------------------------------------------------------------------------
NIFTY FUT: If downtrend continues then it will fall up to 3973.80-3975.80 zone. Rallies up to 4038.20 can be used to sell. SL at 4119.00 level.

In the options segment, the largest build-up in a call is at 4300 and those in a put is at 4100, making 4100-4300 the battle zone, at least in the first few days of the October series. However, given that the build-up at the 4300 call is less than half of what the build-up is at the 4100 put, 4100 becomes a far bigger support than the resistance that 4300 is expected to offer.

------------------------

NIFTY FUT: If downtrend continues then it will fall up to 4014.20-4016.20 zone. Rallies up to 4058.40 can be used to sell. SL at 4119.00 level.

-----------------------------
Cash Market Intra-Day: Sell PIRHEALTH (NSE Cash CMP 329.85) for Intra-Day gains. Stop Loss at 333.85 level

------------------
US bailout in chaos, government seizes WaMuhttp://www.ibnlive.com/rd/?y=4507

-----------
Cash Market Intra-Day: Buy TULIP (NSE Cash CMP 919.00) for Intra-Day gains. Stop Loss at 915.00 level.

--------
NIFTY FUT: If downtrend continues then it will fall up to 4034.40-4036.40 zone. Rallies up to 4078.60 can be used to sell. SL at 4119.00 level.

INTRADAY CALL

NIFTY FUT: Sell with a Stop Loss of 4119.00 level. Target at 4064.70-4066.70 zone.

---------------------

SENSEX (Pre-Market): Weak opening expected. Expected to open weak at around 170-190 points lower.

----------------------------------------------------------------------------------------------
OUTLOOK FOR 26TH SEP 2008

GM!!!!!

"Ideas Won't Work Unless We Do."

NIFTY FUTURES (F & O)

Above 4178 level, expect short covering up to 4208-4210 zone by non-stop.

Support at 4145 & 4149 levels

. Below these levels, selling may continue up to 4137 level and thereafter it can tumble up to 4115-4117 zone.

Do remember that, 4105-4107 zone should not be allowed to break on down side.

On Positive Side, rallies up to 4238-4240 zone can be used to sell. Stop Loss at 4248-4250 zone.

Short-Term Investors:

Short-Term Upward Target at 4279-4281 zone.

Short-Term Support at at 4075-4077 zone.

----------
Inflation came in at 12.14% unchanged for the week ended September 13.
----------------

Strong & Weak futures

This is list of 10 Strong Future:

Mosear Bear, National Alu, Syndicate Bk, ACC, Indian Oversea, Jindal Saw Ltd., BPCL, HDFC, Allahabad Bk & Ongc

And this is the list of 10 Weak stocks:

Rajesh Exp. Jaiprakash. KPIT, Info edge, Sobha Delevoper, Birla corp., Lanco Infra, NIIT & Ranbaxy.

Nifty is in Down Trend.

-----------------------------------------------------------------------------------------------

EXIDE INDS (NSE Cash): Likely to Zoom.

Technically it should go up.

If crosses & sustains at above 68 level then uptrend may continue.

Support at 61 level

. It should not be allowed to break at any cost.

HERO HONDA FUTURES (NSE): Likely to Zoom

. Technically it should go up.

If crosses & sustains at above 869 level then uptrend may continue.

Support at 846 level.

It should not be allowed to break at any cost.

------------------------------------------------------------------------

FII DATA yesterday

FII25/09: -1050.38 Cr. (Prov)

DII25/09: 605.59 Cr. (Prov)

-----------

The Dow Jones Industrial Average closed at 11,022.06. Up by 196.89 points.

The Broader S&P 500 closed at 1,209.18. Up by 23.31 points.

The Nasdaq Composite Index closed at 2,186.57. Up by 30.89 points.

The partially convertible rupee <INR=IN> ended at 46.20/22 per dollar on yesterday, weaker than 45.95/96 at close on Wednesday.

-----------

AUTO INDEX Stocks May Zoom

--
Arvind Parekh
+ 91 98432 32381

COMMODITY CALL

YOU CAN CARRY CRUDE WITH A STOP LOSS OF 4690 AND CARRY GOLD ALSO

FII DATA

FII25/09: -1050.38 Cr. (Prov)

DII25/09: 605.59 Cr. (Prov)

Inflation remains unchanged at 12.14 per cent
http://www.ibnlive.com/rd/?y=4459

------------------

positional carry all your shorts and put options!

intraday

Cash Market Intra-Day: Sell 3IINFOTECH (NSE Cash CMP 79.85) for Intra-Day gains. Stop Loss at 81.85 level.

NIFTY FUT: If downtrend continues then it will fall up to 4045.70-4047.70 zone. Rallies up to 4112.45 can be used to sell. SL at 4176.65 level.

COVER 50% 4150 SEPTEMBER PUTS. has more than doubled!

today morning told to buy 4150 put @ 23rs,,, !NEAR 50-60 R.S,BOOK 50% PROFITS IN NIFTY 4150 SEPT PUTS AND HOLD 50% TILL THE END.
IF YOU BOOK 50% PROFITS AND REST BECOMES 0,U WILL STILL END UP IN PROFITS.

1st tgt achieved now>>>>>>>

NIFTY FUT: If downtrend continues then it will fall up to 4088.45-4090.45 zone. Rallies up to 4133.85 can be used to sell. SL at 4176.65 level.

intraday

Cash Market Intra-Day: Sell PANTALOONR (NSE Cash CMP 273.00) for Intra-Day gains. Stop Loss at 277.00 level.
Cash Market Intra-Day: Buy SINTEX (NSE Cash CMP 298.50) for Intra-Day gains. Stop Loss at 294.50 level.

-------------

POSITIONAL KEEP AN EYE ON SUZLON,BELOW 190,TGT 185,178.
NEAR 180,BOOK ALL PROFITS IN SUZLON AND SHORT RCAP FROM THAT MONEY,TGT 1150,1130.
CARRY OLD SHORTS AND OCT PUTS

JUST A SPECULATIVE TRADE
ONLY DO QUANTITIES THAT YOU ARE READY TO LOOSE FULL MONEY.
BUY NIFTY SEPTEMBER 4150PUT TARGET 80,100.STOPLOSS 0
CARRY SHORTS

intraday

NIFTY FUT: Sell with a Stop Loss of 4176.65 level. Target at 4120.55-4122.55 zone.

------------------

SENSEX (Pre-Market): Weak opening expected. Expected to open weak at around 40-60 points lower.

OUTLOOK FOR TODAY 25TH SEP 2008

GM!!!!! Don't Live Your Life in – 'What Was' or 'What Will Be'. Live Life in 'What it is'

---------------------------

Strong & Weak futures

This is list of 10 Strong Future:
Mosear Bear, National Alu, Syndicate Bk, ACC, Indian Oversea, Jindal Saw Ltd., BPCL, HDFC, Allahabad Bk & Ongc
And this is the list of 10 Weak stocks:
Rajesh Exp. Jaiprakash. KPIT, Info edge, Sobha Delevoper, Birla corp., Lanco Infra, NIIT & Ranbaxy.

Nifty is in Down Trend.

--------------------------------

US markets had a volatile secession. Market was not getting any particular direction.So they ended flat. Asia may open positive.Indian markets may open positive .Be aware today as Inflation data is suppose to come out which can be a threat to the markets. Markets may give away all its morning gains.Its advisable not to trade.Sensitive trading idea for the day.

Market may open with small gap up, Positional target for cash nifty 4000, Be cautious on market and longs, close below 4030 more bearish in intra as well as positional. Keep Cash nifty levels 4130 and 4100 for support and 4226-4234 for resistance.

---------------------------------------------

+ve Indices and sector :

Cnxmidcap, Pharma, Bajajholding, Cipla, Pirhealth, GDL, HDFCBank, Kotakbank, Apil

Buy AxisBank-710 for 725-728 with sl 700

Buy Tatacomm-465 for 480 with sl 460

Buy Alsalinfra-89 for 94 with sl 87.50

Buy BRFL-351 for 363 with sl 345

Short Punjlloyd-290 below 285 for 268-55 with sl 290

-----------------------------

+ve to Market

1.F&O Closing 2. Short covering

-ve to Market

1. US Market 2. Asian Market (Mixed) 3. Crude 4. Technical breakout 5. Gold 6. SGX Nifty

------------------------------------------

--
Arvind Parekh
+ 91 98432 32381

FII DATA

FII

24/09: -494.40 Cr. (Prov)

DII

24/09: 170.18 Cr. (Prov)

Positional

BOOK 50% PROFITS IN INFOSYS,TCS TODAY ITSELF AND CARRY 50%.
CARRY ALL OTHER SHORTS AND NIFTY PUTS.

----------
NIFTY FUT: Unwinding should continue up to 4120.65-4122.65 zone. Rallies up to 4200.30 can be used to exit. SL at 4253.95-4255.95 zone.

--------------------
NIFTY FUT: SL triggered. Unwinding should continue up to 4162.40-4164.40 zone. Rallies up to 4200.30 can be used to exit. SL at 4253.95-4255.95 zone.

US financial bailout package to hit Indian economy
New Delhi: The US Congress will meet on Tuesday to decide on the financial bailout package proposal aimed at cleaning up the financial mess on the Wall Street.The final price for US tax payers is expected to be around $1.8 trillion.The price tag so far is $900 billion dollars and $700 billion more is needed but that may not come easy with the US Congress yet to take a vote and American citizens asking why they should pay more for Wall Street's mess.But US Treasury Secretary Hank Paulson is optimistic that this may be the silver bullet that could fix the US financial system."Well, what I would say is, I won't bet against the American people. We are an entrepreneurial people, a hard-working people and we will work through this, we always do. I wouldn't bet against the American people and I wouldn't bet against the long-term fundamentals of this country. But this is a humbling experience to see such fragility in capital markets and to ask how did we ever get here," Paulson says.Meanwhile, it is bailout season in the US. American International Group, Inc. (AIG) got a life support of $85 billion while Fannie Mae and Freddie Mac got $200 billion. Another $300 billion went to the Federal Housing Administration.But the real question is. Is $700 billion enough to clear up the mess? And what are the implications for the US economy?More money also means the US deficit will balloon to about $438 billion and will make the dollar weak and inflation would rise. A deflated dollar means inflated oil and commodity prices. This will hit the economy of energy dependent countries like India.Foreign investments in the form of FII and FDI will also weaken and this in turn will rattle the economy."I think liquidity is already getting tight in India and global liquidity squeeze as FIIs withdraw money from India is bound to have its impact," Uday Kotak, VC & MD, Kotak Mahindra Bank, says.So it all comes back to the US bailout package. As Paulson and Federal Reserve Chairman Ben Bernanke begin their testimony in front of the US Congress , the world including India will be watching closely because as the last few weeks have shown when tremors on Wall Street has left cracks far and wide in the world economy.

Positional Traders only
HOLD YOUR SHORTS AND CARRY.
SHORT INFOSYS IF TRADES BELOW 1515,TGT 1480,1450.
SHORT TCS BELOW 713,TGT 690,670.
CARRY ALL OLD SHORTS AND NIFTY PUTS.

-----------------------------------------------
NIFTY SEPTEMBER FUTURE SUPPORTS AT 4204 4170 4153 4123 & RESISTANCE AT 4214 4256

INTRADAY
NIFTY FUT: If uptrend continues then it will zoom up to 4253.95-4255.95 zone. Corrections up to 4204.10 can be used to buy. SL at 4176.30 level.

ONLY POSITIONAL TRADERS

CARRY ALL YOUR SHORTS AND PUTS AS OF NOW
NIFTY FUT: Buy with a Stop Loss of 4176.30 level. Target at 4212.20-4214.20 zone. BUY AT LOWER LEVELS NEAR SL for intraday

NIFTY SEPTEMBER FUTURE

SUPPORTS AT 4170 4153 4123

&

RESISTANCE AT 4214 4256

INTRADAY CALLS

Cash Market Intra-Day: Sell WIPRO (NSE Cash CMP 375.95) for Intra-Day gains. Stop Loss at 379.95 levels
Cash Market Intra-Day: Buy STER (NSE Cash CMP 472.30) for Intra-Day gains. Stop Loss at 468.30 level
Futures Segment: SYNDIBANK FUTURES (NSE CMP 68.55) may move up. Buy with a Stop Loss of 67.55 level.

Cash Market Intra-Day: Buy NAUKRI / also named as INFOEDGE (NSE Cash CMP 640.00) for Intra-Day gains. Stop Loss at 636.00 level.

-----------------

SENSEX (Pre-Market): Higher opening expected. Expected to open high at around 70-90 points higher.

----------------------------

GM!!!!!!! "Opportunity is Missed By Most People Because it is Dressed in Overalls & Looks Like Work."

NIFTY FUTURES (F & O)

Selling may continue up to 4121-4123 zone for time being.

Hurdles at 4153 & 4170 levels. Above these levels, expect short covering up to 4212-4214 zone.

Sell if touches 4254-4256 zone. Stop Loss at 4296-4298 zone.

On Negative Side, if breaks & sustains at below 4079-4081 zone then downtrend may continue.

Short-Term Investors:

Reversal (Negative) is seen. Exit on rallies.

Short-Term Upward Target at 4337-4339 zone.

Short-Term Support at at 4037-4039 zone.

----------------

Strong & Weak futures

This is list of 10 Strong Future:

IOB, BOB, Maruti, Mosear, Jindal Saw, PNB, HPCL, Indian Bk, BPCl & Union Bk..

And this is the list of 10 Weak stocks:

Adlabs Films, Unitech, Polaris Software, KPIT, Rajesh Export, NIIT, Peninsula Land, Ranbaxy & HDIL.

Nifty is in Down Trend.

---------------------

ACC LTD (NSE Cash): Likely to Fall.

Suspicion is that yesterday's movement might be false signal too.

If breaks & sustains at below 619 level then downtrend may cottinue.

Hurdle at 655 level. Supply expected at around this level. This supply should get absorbed too.

TATA POWER FUTURES (NSE): Likely to Fall.

Suspicion is that yesterday's movement might be false signal too.

If breaks & sustains at below 986 level then downtrend may cottinue.

Hurdle at 1038 level.

Supply expected at around this level. This supply should get absorbed too.

----------------------

The Dow Jones Industrial Average closed at 10,854.17. Down by 161.84 points.

The Broader S&P 500 closed at 1,188.22. Down by 18.87 points.

The Nasdaq Composite Index closed at 2,153.33. Down by 25.65 points.

The partially convertible rupee <INR=IN> ended at 45.72/73 per dollar on yesterday, weaker than its previous close of 45.45/46.

---------------------

Market may open with small gap up, Positional target for cash nifty 4000, Be cautious on market and longs, close below 4030 more bearish in intra as well as positional. Keep Cash nifty levels 4080 and 4047 for support and 4177-4168 for resistance.

-------

-ve to Market
1. US Market 2. Asian Market 3. Crude 4. Technical breakout 5. SGX nifty -56 6. Gold.

----------

--

Arvind Parekh

+ 91 98432 32381

US financial bailout package to hit Indian economy

New Delhi: The US Congress will meet on Tuesday to decide on the financial bailout package proposal aimed at cleaning up the financial mess on the Wall Street.
The final price for US tax payers is expected to be around $1.8 trillion.
The price tag so far is $900 billion dollars and $700 billion more is needed but that may not come easy with the US Congress yet to take a vote and American citizens asking why they should pay more for Wall Street's mess.
But US Treasury Secretary Hank Paulson is optimistic that this may be the silver bullet that could fix the US financial system.
"Well, what I would say is, I won't bet against the American people. We are an entrepreneurial people, a hard-working people and we will work through this, we always do. I wouldn't bet against the American people and I wouldn't bet against the long-term fundamentals of this country. But this is a humbling experience to see such fragility in capital markets and to ask how did we ever get here," Paulson says.
Meanwhile, it is bailout season in the US. American International Group, Inc. (AIG) got a life support of $85 billion while Fannie Mae and Freddie Mac got $200 billion. Another $300 billion went to the Federal Housing Administration.
But the real question is. Is $700 billion enough to clear up the mess? And what are the implications for the US economy?
More money also means the US deficit will balloon to about $438 billion and will make the dollar weak and inflation would rise. A deflated dollar means inflated oil and commodity prices. This will hit the economy of energy dependent countries like India.
Foreign investments in the form of FII and FDI will also weaken and this in turn will rattle the economy.
"I think liquidity is already getting tight in India and global liquidity squeeze as FIIs withdraw money from India is bound to have its impact," Uday Kotak, VC & MD, Kotak Mahindra Bank, says.
So it all comes back to the US bailout package. As Paulson and Federal Reserve Chairman Ben Bernanke begin their testimony in front of the US Congress , the world including India will be watching closely because as the last few weeks have shown when tremors on Wall Street has left cracks far and wide in the world economy.

FII DATA

FII

23/09: -924.40 Cr. (Prov)

DII

23/09: 68.77 Cr. (Prov)

COMMODITY CALL

BUY GOLD WITH A STOPLOSS OF 876$ TARGET 915$,940$.

BUY CRUDE OIL WITH A STOPLOSS OF 104$,TARGET 114$,116$.
Positional
CARRY ALL SHORTS AND NIFTY OCTOBER 4000 PUTS FOR TOMMOROW.SHORT RCAP AGAIN IF TRADES BELOW 1210 AND CARRY FOR TOMMOROW.

NIFTY FUT: Unwinding should continue up to 4123.10-4125.10 zone. Rallies up to 4201.35 can be used to exit. SL at 4253.60-4255.60 zone.
Positional
COVER YOUR MCDOWELL SHORTS AND SHORT ONGC FROM THAT MONEY.ONGC TARGET 1023,1003.
CARRY ALL OTHER SHORTS AND NIFTY OCTOBER PUTS.
Positional
YOU CAN BOOK PROFIT IN INFOSYS,TCS,RCAP SHORTS ONCE
IF RCAP TRADES BELOW1210,SHORT AGAIN FOR A TARGET OF 1150,1130
TRANSFER FUNDS OF INFY,TCS & SHORT BANKS

NIFTY FUT: SL triggered. Unwinding should continue up to 4163.80-4165.80 zone. Rallies up to 4201.35 can be used to exit. SL at 4253.60-4255.60 zone.

Positional Traders
HOLD SHORTS AND ROLLOVER SHORTS IN OCTOBER.
HOLD SBI AND OTHER BANK SHORTS AND RCAP ALSO.
BIG FALL CAN HAPPEN IN 4-5 DAYS IN BANKS.
CARRY ALL PUTS.

INTRADAY CALLS

NIFTY FUT: If uptrend continues then it will zoom up to 4253.60-4255.60 zone. Corrections up to 4204.50 can be used to buy. SL at 4177.35 level

Cash Market Intra-Day: SESAGOA (NSE Cash CMP 127.70) going up. Buy with a Stop Loss of 125.70 level

Cash Market Intra-Day: MOSERBAER (NSE Cash CMP 134.40) going up. Sentiment is weak and take a risk and sell. SL at 136.40 level.

NIFTY FUT: Buy with a Stop Loss of 4177.35 level. Target at 4212.95-4214.95 zone.

Positional Traders only
CARRY YESTERDAY SHORTS &NIFTY PUTS AS OF NOW.IFspot NIFTY TRADES BELOW4160,TGT 4090,4040
SHORT ESSAROIL BELOW177, TGT170,166.

BELOW194 SUZLON TGT 185, 178

--------------

GM!!!!!! "Be Not Afraid of Life. Believe That Life is Worth Living And Your Belief Will Help Create The Fact."

NIFTY FUTURES (F & O)

Selling may continue up to 4204-4206 zone by non-stop.

Hurdles at 4246 & 4254 levels. Above these levels, expect relief rally up to 4294-4296 zone.

Above 4335-4337 zone,

expect a jump up to 4376-4378 zone by non-stop.

On Negative Side, rebound expected at around 4164-4166 zone. If breaks then problem too.

Short-Term Investors:

Short-Term Upward Target at 4416-4418 zone.

Short-Term Support at at 4123-4125 zone.

-----------------

Strong & Weak futures

This is list of 10 Strong Future:

IOB, BOB, Maruti, Mosear, Jindal Saw, PNB, HPCL, Indian Bk, BPCl & Union Bk..

And this is the list of 10 Weak stocks:

Adlabs Films, Unitech, Polaris Software, KPIT, Rajesh Export, NIIT, Peninsula Land, Ranbaxy & HDIL.

Nifty is in Down Trend.

-------------------

BHARAT BIJLEE (NSE Cash):

Likely to Zoom. Technically it should move up.

If crosses & sustains at above 1316 level then uptrend may continue.

Support at 1240 level.

Should not be allowed to break at any cost.

CROMPTON GREAVES FUTURES (NSE): Likely to Zoom. Technically it should move up.

If crosses & sustains at above 271 level then uptrend may continue.

Support at 241 level.

Should not be allowed to break at any cost.

-----------------------------

Sell CAPITAL GOODS Stocks

====-----------------------------------

Market may open with small gap down and on support, So, don't short in first 10-15 minutes. Positional target for cash nifty 4000, Be cautious on market and longs, below 4150 more bearish in intra.

------------

The Dow Jones Industrial Average closed at 11,015.69. Down by 372.75 points.

The Broader S&P 500 closed at 1,207.09. Down by 47.99 points.

The Nasdaq Composite Index closed at 2,178.98. Down by 94.92 points.

The partially convertible rupee <INR=IN> ended at 45.45/46 per dollar on yesterday, stronger than 45.80/82 at close on Friday.

-------------

-ve to Market

1. US Market 2. Asian Market 3. Crude 4. Technical breakout 5. SGX nifty -56 6. Gold.

----------

Bombay: A Market Of Six Stocks

Last week the market rallied and investors began asking questions about a market bottom. While macroeconomic issues and market technicals are improving, the overall picture is still ominous. All said and done the market in Bombay is interested in a mere six stocks-Bhel, Larsen and Toubro, HDFC, HDFC Bank, Reliance and SBI. If you do not have any or all of them in your portfolio, then you might as well not be participating in the market.

The reasons are not far off. Falling oil and gold prices are positive, but the big picture is still negative. Once invincible Fannie Mae and Freddie Mac have gone into a US Government receivership, Lehman has gone bankrupt, Merrill has been sold to BOA, and Goldman Sachs and Morgan Stanley may become holding concerns for Commercial Banks. This will conclude the domain for private banking. Additionally, the world's most powerful private financial institutions, from Switzerland's UBS to Citigroup are still reeling from the huge write-downs for billions in bad loans.

With the housing market still in critical condition and the Federal Reserve in panic mode, it's time to make sure your portfolio is well protected for what could be a prolonged Bear Market and an ugly recession. Most investors and fund managers in India while agreeing that the US problems are limited to the Financial and Real Estate markets, refuse to cut earnings for Indian concerns ignoring the draw down effect on Global Economy of a possible prolonged US Recession.

While Herd Mentality does not succeed always, it is sometimes better to stick with the same. The aforementioned Six-Pack is ideal for most Investors in India. Even ShahRukh Khan flaunts his Six Pack Abs, why shouldn't the investors?

--
Arvind Parekh
+ 91 98432 32381

FII DATA

FII
22/09: 138.21 Cr. (Prov)
DII
22/09: -206.12 Cr. (Prov)

Positional traders
BOOK PARTIAL PROFITS IN INTRADAY SHORTS SO IF A BOUNCE COMES TOMMOROW,YOU CAN SHORT AGAIN.
CARRY ALL OTHER SHORTS AND NIFTY PUTS FOR TOMMOROW
Positional traders
KEEP A STRICT STOPLOSS OF 2080 AND SHORT RELIANCE TGT 1980,1950.
CARRY ALL OTHER SHORTS AND NIFTY PUTS.ALSO ROLLOVER IN OCTOBER SERIES.

Intraday

NIFTY FUT: If downtrend continues then it will fall up to 4167.40-4169.40 zone. Rallies up to 4265.05 can be used to sell. SL at 4301.85 level.

Positional traders
HOLD ALL SHORTS AND PUTS.
COMMODITY TRADERS CAN BUY GOLD FOR A Tgt OF900,915$.

OIL TRADERS CAN BUY FOR A TARGET OF 110,114$.
HOLD ALL SHORTS.

POSITIONAL TRADERS ONLY
IF SUZLON TRADES BELOW 209,TGT 202,195.
IF MCDOWELL TRADES BELOW 1310,SHORT FOR A TARGET OF 1280,1250.
ALL THESE SHORTS WE HAD POSITIONS IN SO HOLD AND ADD MORE

INTRADAY
Cash Market Intra-Day: SESAGOA (NSE Cash CMP 116.65) going up. Sentiment is weak and take a risk and sell. SL at 118.65 level.

ONLY POSITIONAL TRADERS>>>>>>>

SHORT spot NIFTY IF TRADES BELOW 4260,TGT 4210,4160.

BUY NIFTY OCT 4000 PUT TGT 160,200.
SHORT INFOSYS TGT1590,1560.

SHORT TCS TGT 750,740.
PREFER TO TRADE IN OCT

INTRADAY
Cash Market Intra-Day: RNRL (NSE Cash CMP 83.55) going up. Buy with a Stop Loss of 82.55 level.

Positional traders

SHORT ICICI BANK TGT 605,590.

SHORT SBI TGT 1540,1510.

SHORT BANKINDIA TGT 275,265.

SHORT RCAP TGT 1250,1200.

SHORT ONGC TGT 1040,1030.

INTRADAY

NIFTY FUT: Sell with a Stop Loss of 4301.85 level. Target at 4222.60-4224.60 zone.

-------------------

NIFTY FUTURES (F & O)

Rally may continue up to 4300 level for time being.

Support at 4243 & 4263 levels

. Below these levels, expect profit booking up to 4186-4188 zone.

Buy if touches 4131-4133 zone.

Stop Loss is too far on down side and can be placed at 3965-3967 zone.

On Positive Side, if crosses & sustains at above 4355-4357 zone then uptrend may continue.

Short-Term Investors:

Reversal (Positive) is seen. Avoid Short Selling at lower levels.

Short-Term Upward Target at 4410-4412 zone.

Short-Term Support at at 3910-3912 zone.

-------------------------------

Strong & Weak futures

This is list of 10 Strong Future:
IOB, BOB, Maruti, Mosear, Jindal Saw, PNB, HPCL, Indian Bk, BPCl & Union Bk..
And this is the list of 10 Weak stocks:
Adlabs Films, Unitech, Polaris Software, KPIT, Rajesh Export, NIIT, Peninsula Land, Ranbaxy & HDIL.
----------------------

SATYAM COMPUTER (NSE Cash):

Likely to Zoom. Suspicion is that yesterday's movement might be false signal too.

If crosses & sustains at above 375 level then uptrend may continue.

Support at 353 level

. Should not be allowed to break at any cost.

HDFC FUTURES (NSE):

Likely to Zoom. Suspicion is that yesterday's movement might be false signal too.

If crosses & sustains at above 2401 level then uptrend may continue.

Support at 2284 level.

Should not be allowed to break at any cost.

Nifty is in Down Trend.

------------------------------------------
The Dow Jones Industrial Average closed at 11,388.44. Up by 368.75 points.

The Broader S&P 500 closed at 1,255.08. Up by 48.57 points.

The Nasdaq Composite Index closed at 2,273.90. Up by 74.80 points.

The partially convertible rupee <INR=IN> ended at 45.80/82 per dollar, stronger

than Thursday's close of 46.42/43.

-------------------------------

Arvind Parekh
+ 91 98432 32381

FII DATA
FII
19/09: 1016.18 Cr. (Prov)
DII
19/09: 43.91 Cr. (Prov)
-----------------------------------

INTRADAY CALLS

NIFTY SL triggered.Short Covering should continue up to 4311.35-4313.35 zone.Corrections up to 4191.50 can be used to buy. SL at 4093.60-4095.60

NIFTY FUT: Sell with a Stop Loss of 4215.50 level. Target at 4093.60-4095.60 zone.

Cash Market Intra-Day: SESAGOA (NSE Cash CMP 102.30) going down. Sell with a Stop Loss of 104.30 level.

Cash Market Delivery: Buy ICICIBANK (NSE CMP 593.55) and HOLD for 1 Week.Can buy 25% now and remaining later.Not for Day-Traders.

Cash Market Delivery: Buy RELIANCE (NSE CMP 1985.00) and HOLD for 1 Week. Can buy 25% now and remaining later. Not for Day-Traders.

Positional trades

SHORT NIFTY WITH A STOPLOSS OF 4225,Tgt4110,4050.BUY NIFTY OCTOBER 4000 PUT TARGET170,200.AVERAGE IN YOUR YESTERDAY SHORTS IN STOCKS RIGHT NOW

----------------------------------

Headlines for the day

Corporate News Headline

KEC International bagged two orders worth Rs. 1.79 bn from NTPC Electric Supply Company and Power Grid Corporation. (BS)

Pratibha Industries secured a contract worth Rs. 1.56 bn for design, construction etc of water supply scheme along with ancillary work from Delhi Jal Board. (BS)

Jai Balaji is planning to set up a 5MT integrated steel plant and a 1,215 MW captive power plant on investment of Rs. 160 bn. (ET)

Economic and Political Headline

The wholesale price index based annual rate of inflation rate stood at 12.14% for the week ended September 6, 2008, as against 3.46% a year ago. (ET)

The Finance Minister P Chidambaram said more steps would be taken to provide liquidity to tide over credit tightening in the aftermath of fresh global financial market turmoil. (BS)

The world´s major central banks banded together to flood global money markets with massive amounts of the US dollars, in hopes of taming a major source of the tensions rocking the financial system. (WSJ)

NIFTY FUTURES (F & O)

Rally may continue up to 4083-4085 zone by non-stop.

Support at 3998 & 4034 levels

. Below these levels, expect profit booking up to 3898-3900 zone.

Below 3800-3802 zone, it can tumble up to 3702-3704 zone by non-stop.

On Positive Side, supply expected at around 4181-4183 zone. This supply should get absorbed too.

Short-Term Investors:

Short-Term Upward Target at 4279-4281 zone.

Short-Term Support at at 3604-3606 zone.

-----------

Strong & Weak futures

This is list of 10 Strong Future:

IOB, BOB, Maruti, Mosear, Jindal Saw, PNB, HPCL, Indian Bk, BPCl & Union Bk..

And this is the list of 10 Weak stocks:

Adlabs Films, Unitech, Polaris Software, KPIT, Rajesh Export, NIIT, Peninsula Land, Ranbaxy & HDIL.

Nifty is in Down Trend.

-----------------------------------------------------

BHARAT PETROLEUM (NSE Cash):

Book Profits in this scrip. Technically Profit Booking should happen.

Hurdle at 370 level. Supply expected at around this level. This supply should get absorbed too.

Support at 340 level.

Should not be allowed to break at any cost.

RELIANCE INDS FUTURES (NSE): Book Profits in this scrip. Technically Profit Booking should happen.

Hurdle at 1981 level. Supply expected at around this level. This supply should get absorbed too.

Support at 1890 level

. Should not be allowed to break at any cost.

----------------------

The Dow Jones Industrial Average closed at 11,019.69. Up by 410.03 points.

The Broader S&P 500 closed at 1,206.51. Up by 50.12 points.

The Nasdaq Composite Index closed at 2,199.10. Up by 100.25 points.

The partially convertible rupee <INR=IN> ended at 46.42/43 per dollar on yesterday, weaker than 46.33/35 at close on Wednesday.

---------------------------

OIL & GAS INDEX Stocks May Zoom

----------------

Market may open with big gap up

So pre-market calls will not works today

Profit booking will come at the all resistance

Be cautious on market

------------------

+ve to Market

1. US Market 2. Asian Market 3. Crude 4. Technical pullback 5. SGX nifty +200

--

Arvind Parekh

+ 91 98432 32381

NIFTY FUTURES (F & O)

Selling may continue up to 3968-3970 zone for time being.

Hurdles at 4020 & 4050 levels. Above these levels, expect short covering

up to 4094-4096 zone by non-stop.

Sell if touches 4139-4141 zone. Stop Loss at 4154-4156 zone.

On Negative Side, if breaks & sustains at below 3923-3925 zone then downtrend may continue.

Short-Term Investors:

Short-Term Upward Target at 4198-4200 zone.

Short-Term Support at at 3879-3881 zone.

-----------

Strong & Weak futures

This is list of 10 Strong Future:

Indian Overseas, BOB, Indian Bk, Maruti, HPCL, Union Bk., Mosear Bear, SBI, BPCL & ACC.

And this is the list of 10 Weak stocks:

Ansal Pro., IVRCL, India Infoline, Rajesh Exports, Peninsula Land, Sterlite Inds, NIIT, Seasa Goa, Jindal Steel & HDIL.

Nifty is in Down Trend.

----------

STERLITE INDS (I)

(NSE Cash): Avoid Short Selling in this scrip. Technically it should rebound.

Support at 433 level.

Expected to rebound at around this level. If not, then problem for bulls too.

Hurdle at 461 level. Supply expected at around this level. This supply should get absorbed too.

JINDAL STEEL & POWER FUTURES (NSE):

Avoid Short Selling in this scrip. Technically it should rebound.

Support at 1225 level.

Expected to rebound at around this level. If not, then problem for bulls too.

Hurdle at 1334 level. Supply expected at around this level. This supply should get absorbed too.

---------------

The Dow Jones Industrial Average closed at 10,609.66. Down by 449.36 points.

The Broader S&P 500 closed at 1,156.39. Down by 57.21 points.

The Nasdaq Composite Index closed at 2,098.85. Down by 109.05 points.

The partially convertible rupee <INR=IN> ended at 46.33/35 per dollar on yesterday, stronger than 46.89/90 at the close on Tuesday.

----------------

Sell METAL INDEX Stocks

---------------------

--
Arvind Parekh
+ 91 98432 32381

Strong & Weak futures
This is list of 10 Strong Future:
Indian Overseas, BOB, Indian Bk, Maruti, HPCL, Union Bk., Mosear Bear, SBI, BPCL & ACC.
And this is the list of 10 Weak stocks:
Ansal Pro., IVRCL, India Infoline, Rajesh Exports, Peninsula Land, Sterlite Inds, NIIT, Seasa Goa, Jindal Steel & HDIL.
Nifty is in Down Trend.

FII DATA
FII
17/09: -1064.17 Cr. (Prov)
DII
17/09: 948.93 Cr. (Prov)
------------------------------------
POSITIONAL TRADERS YOU HAVE TO CARRY ALL YOUR SHORTS AND NIFTY PUTS TILL TOMMOROW.

ONLY POSITIONAL TRADERS

YOU CAN ADD MORE PUTS OF 4000 SEPTEMBER.

SHORT EDUCOMP WITH A STOPLOSS OF 3510,TGT 3230,3180.
CARRY RELIANCE,RCAP,RPL SHORTS.SHORT ITC,SUZLON, CARRY OLD SHORTS.

INTRADAY

NIFTY FUT: Sell with a Stop Loss of 4068.75 level. Target at 3981.35-3983.35 zone. >>>TARGET ACHIEVES!

Cash Market Intra-Day: ICICIBANK (NSE Cash CMP 563.80) going down. Sell with a Stop Loss of 569.80 level.

POSITIONAL

POSITIONAL TRADERS

CARRY SBI,BANKINDIA AND OTHER SHORTS.

IF RELIANCE TRADES BELOW 1900,SHORT RELIANCE TGT 1850,1810.

SHORT RPL TGT 140,135.

SHORT RCAP ON BOUNCE TGT 1030,990.

--
Arvind Parekh
+ 91 98432 32381

FII DATA

FII16/09: -1303.41 Cr. (Prov)

DII16/09: 612.36 Cr. (Prov)

Intraday

NIFTY FUT: If uptrend continues then it will zoom up to 4109.90-4111.90 zone. Corrections up to 4052.30 can be used to buy. SL at 3945.55
Cash Market Intra-Day: ICICIBANK (NSE Cash CMP 586.70) going down. Sentiment is good. Take a risk and buy. SL at 580.70 level.

POSITIONAL TRADE ONLY >>>

SHORT MORE BANKINDIA TGT 273,265.
SHORT SBI TGT 1440,1400,STOPLOSS 1560.
CARRY OTHER SHORTS/PUTS FOR TOMMOROW AND KEEP SOME MARGINS TO SHORT MORE AT 4100-4150.

Positional call HOLD YOUR SHORTS AND KEEP MARGINS FOR HIGHER LEVELS AND STOP PANICKING IN EVERY 30-50 POINTS MOVE.HOLD YOUR SHORTS/PUTS AND CARRY FOR TOMMOROW.

INTRADAY

NIFTY FUT: If uptrend continues then it will zoom up to 4074.30-4076.30 zone. Corrections up to 3981.15 can be used to buy. SL at 3945.55 level.

Positional traders only SHORT SUZLON TGT 193,185.CARRY ALL OTHER SHORTS AS OF NOW.

BOOK PROFITS IN ICICI BANK AND USE THAT MARGIN AND SHORT MORE BANKINDIA.HOLD OTHER SHORTS/NIFTY PUTS.

Positional HOLD YOUR OLD SHORTS AND PUTS.
SHORT MCDOWELL,TGT1270,1230.SHORT ICICI BANK TGT 600,570.IF NIFTY spot TRADES BELOW 3950,TGT3920,3880.
HOLD ALL SHORTS/PUTS
Only positional traders
SHORT SBI ALSO,TGT 1440,1400.
HOLD OLD SHORTS AND KEEP A TARGET OF 160,190 FOR NIFTY 4000 PUTS.
ADD MORE SHORTS NEAR 4040-4090 RANGE.

INTRADAY

Cash Market Intra-Day: GVKPIL (NSE Cash CMP 32.65) going down. Sell with a Stop Loss of 33.65 level.

Cash Market Intra-Day: RNRL (NSE Cash CMP 77.70) going down. Sell with a Stop Loss of 78.70 level.

NIFTY FUT: Buy with a Stop Loss of 3945.55 level. Target at 4020.90-4022.90 zone.

--------------------------------------

NIFTY FUTURES (F & O)

Selling may continue up to 4054

level for time being.

Hurdles at 4079 & 4110 levels. Above these levels, expect short covering up to 4163-4165 zone by non-stop.

Sell if touches 4217-4219 zone

. Stop Loss is too far on upper side and can be placed at 4341-4343 zone.

On Negative Side, if breaks & sustains at below 3999-4001 zone then downtrend may continue.

Short-Term Investors:

Reversal (Negative) is seen. Exit on rallies.

Short-Term Upward Target at 4395-4397 zone.

Short-Term Support at at 3946-3948 zone.

------------

Strong & Weak futures

This is list of 10 Strong Future:

Maruti, BOB, Hind petro, Bharat petro, Jet airways, MPHASIS, Gas Authorit, AIA Engineering, Jindal saw ltd & ACC.

And this is the list of 10 Weak stocks:

HDIL, nsal prop &Inf. Sterlite inds, Chambal fert, Jindal steel, NDTV, Essar oil, DCB, Rel Cap & KPIT.

Nifty is in Down Trend.

----------------------

The Dow Jones Industrial Average closed at 10,917.51. Down by 503.99 points.

The Broader S&P 500 closed at 1,192.70. Down by 59.00 points.

The Nasdaq Composite Index closed at 2,179.91. Down by 81.36 points.

The partially convertible rupee <INR=IN> ended at 46.05/06 per dollar on yesterday, weaker than Friday's close of 45.75/76.

-------------

NMDC (NSE Cash):

Likely to Fall. Technically it should go down.

Support at 238 level.

If breaks & sustains at below 238 level then downtrend may continue.

Hurdle at 269 level. Supply expected at around this level. This supply should get absorbed too.

WELSPUN GUJ ST.RO. FUTURES (NSE): Likely to Fall. Suspicion is that yesterday's movement might be false signal too.

Support at 269 level.

If breaks & sustains at below 238 level then downtrend may continue.

Hurdle at 294 level. Supply expected at around this level. This supply should get absorbed too.

-----------------------------


--
Arvind Parekh
+ 91 98432 32381

FII DATA

FII 15/09: -763.02 Cr. (Prov)

DII15/09: 1328.13 Cr. (Prov)

-------------------------------------------------------------------------------------

When we hear of the news of lehman brother is going to file for bankruptcy the first thing that comes to our mind is the day when bear and stearns sold all its holding in indian company ,So same thing might happen to the holding that Lehman brother has in indian company , they might just sell the stock in the market at whatever price they can to cover losses , so please see if you hold any of these company and make a wise decision .For info Lehman Brothers are considered as FII for indian market , so they do hold lot of company in its portfolio.

List of Indian Company that Lehman Brothers Hold
>Amtek Auto>Amtek India>Anant Raj Inds.>Ansal Housing>Asian Electronic>Aztecsoft>Champagne Indage>Consolidated Con>Cranes Software>Develop.Cr.Bank>Dhampur Sugar>Edelweiss Cap>Emkay Global>Era Infra>Fedders Lloyd>Genus Power>Geometric Ltd>Godawari Power and ispat>Golden Tobacco>Gremach Infra>IFCI>Indo Asian>IOL Netcom>IVRCL Infrastruce>Kalpana Inds.>Karuturi Global>KPIT Cummins Info>Logix Microsys.>Lumax Inds.>Madras Cement>Mangalore Chem.>Mastek>Nava Bharat Ventured>Northgate Technologies>Orbit Corporation>Pioneer Embroideries>Prajay Enggineering>Prithvi Info>PSL>Rolta India>S Kumars Nation>Spice Communication>Spice Mobiles>Triveni Engg Ind>Tulip Telecom>Vijay Shanthi Builders>Voltamp Transformers>West Coast Paper

ONLY POSITIONAL TRADERS
YOU HAVE TO CARRY THESE SHORTS FOR TOMMOROW.
IF NIFTY TRADES/CLOSES BELOW 4075,TGT 3960,3920.
CARRY THESE SHORTS FOR TOMMOROW.

KEEP YOUR QUANTITY LIMITED.
KEEP MARGINS INTACT SOINCASE NIFTY BOUNCES TO 4100-4150,WE CAN SHORT MORE AND BUY MORE PUTS.

POSITIONAL TRADERS
BUY NIFTY 4000 PUT,TGT 160,190.SHORT SAIL TGT 132,128.
SHORT ITC TGT 183,178.
SHORT ACC TGT 555,545.
SHORT MCDOWELL IF TRADES BELOW 1300 TGT 1275,1225.CARRY SHORTS

NIFTY FUT: If downtrend continues then it will fall up to 3945.80-3947.80 zone. Rallies up to 4002.05 can be used to sell. SL at 4098.90 level

ONLY POSITIONAL TRADERS
COVER ALL YOUR SHORTS NOW.EACH AND EVERY SHORT.WE WILL WAIT FOR A BOUNCE TILL SPOT 4100 TO REVIEW AGAIN.
COVER ALL SHORTS AND NIFTY PUTS.

POSITONAL TRADERS
BANKINDIA TGT 270,265.COVER 50% ITC,REST COVER 50% NEAR 178.COVER PUTS.
START COVERING YOUR SHORTS NOW.LET US REVIEW THE SITIUATION FOR 2 HOURS.

POSITIONAL TRADERS
DONT COVER BANKINDIA,ITC AS OF NOW.COVER TOTAL SULON,RCOM,ONGC,ACC.COVER 70% SBI ALSO,SBI TGT 1400,1380. COVER YOUR ALL,EACH AND EVRY SHORT NEAR SPOT 3980 ONCE.

POSITIONAL TRADERS
COVER 70% OF YOUR NIFTY 4300 PUTS.250 TARGET HITS.
COVER 70% OF YOUR ALL SHORTS IMMEDIATELY.
IF SPOT NIFTY TRADES BELOW 4020,THE TARGETS ARE 3980,3920.

intraday

NIFTY FUT: If downtrend continues then it will fall up to 3978.05-3980.05 zone. Rallies up to 4066.60 can be used to sell. SL at 4098.90 level.

NIFTY FUT: Sell with a Stop Loss of 4098.90 level. Target at 4026.50-4028.50 zone. SMS sent at 09.58 AM.

SENSEX (Pre-Market): Weak opening expected. Expected to open weak at around 540-560 points lower.

NIFTY FUTURES (F & O)

Selling may continue up to 4204-4206 zone by non-stop.

Above 4256-4258 zone, expect short covering up to 4307-4309 zone by

non-stop.

Sell if touches 4355-4357 zone. Stop Loss is too far on upper side and

can be placed at 4436-4438 zone.

On Negative side, if breaks & sustains at below 4156-4158 zone then downtrend may continue.

Short-Term Investors:

Short-Term Upward Target at 4484-4486 zone.

Short-Term Support at at 4107-4109 zone.

---------------------------------
Strong & Weak futures

This is list of 10 Strong Future:
BOB, Jindal Saw Limi, OBC, Great Offshore , Indian Overseas, IndianBk,Bharat Petro, Hind.Petrol.,Mphasis & Karnataka Bk..
And this is the list of 10 Weak stocks:
Chennpetro, Jswsteel, Gitanjali, Tatasteel, Gujalkali, Geship, Jindalstel, Sesagoa, Ster,& Hdil.



Nifty is in Down Trend.
-

MARUTI UDYOG (NSE Cash):

Avoid Short Selling in this scrip. Rebound expected.

Support at 678 level.

Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 730 level. Supply expected at around this level. This supply should get absorbed too.

HINDUSTAN UNILEVER FUTURES (NSE):

Avoid Short Selling in this scrip. Rebound expected.

Support at 242 level.

Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 255 level. Supply expected at around this level. This supply should get absorbed too.

---------

1. US DJ Future Market is trading with -300

2. All Asian market trading in -ve.

3. Market will open with Flat / very small gap up and trending towards -ve.

4. Don't trade in first 15 to 20 minutes.

5. More pain in due, so avoid fresh longs

------

The Dow Jones Industrial Average closed at 11,421.99. Down by 11.72 points.

The Broader S&P 500 closed at 1,251.70. Up by 2.65 points.

The Nasdaq Composite Index closed at 2,261.27. Up by 3.05 points.

The partially convertible rupee <INR=IN> ended at 45.75/76 per dollar on Friday, weaker

than its close of 45.56/57 on Thursday.

-------
SELL SENSEX STOCKS
-------

-ve to Market

1. Profit Booking 2. Continuous FII selling. 3. Technical weakness 4. Rs.Vs$, 5. Inflation 6. Sentiment Weak 7. US Market 8. Asian Market 9. SGX sentiment 10. Leehman will file for bankrupt. 11. more falls expected in DJI today trading.

--
Arvind Parekh
+ 91 98432 32381

NIFTY FUT: If downtrend continues then it will fall up to 4189.45-4191.45 zone. Rallies up to 4277.30 can be used to sell. SL at 4341.15 level.
POSITIONAL TRADERS >>>>>>>>>>>>>

CARRY OLD SHORTS COVER 50% TCS SHORT,COVER RCAP SHORTS ONCE.PUT TCS AND RELCAP SHORTS MONEY IN ITC,RCOM SHORTS.
ALSO,SHORT RPL IF TRADES BELOW 154,TGT 150,147

Positional SHORT NIFTY NEAR 4300- 4330,SHORT AGAIN SBI,ICICI,ITC
SHORT RCOM TGT 385,380.
SHORT TC TGT 815,800.
CARRY OLD SHORTS,I HOPE YOU COVERED RELIANCE @TGT
Cash Market Delivery: Buy SAIL (NSE CMP 138.25) and HOLD for 1 Year. Can buy 25% now and remaining later. Not for Day-Traders.

Cash Market Intra-Day: RNRL (NSE Cash CMP 88.90) going down. Sell with a Stop Loss of 89.90 level.

only positional traders<>>>>>>>>>>>

BOOK PROFITS IN RCAP.IF RELCAP TRADES BELOW 1215,SHORT IT AGAIN TGT 1200,1175.
IF spot NIFTY TRADES BELOW 4210,TGT 4160,4090.CARRY ALL OTHER SHORTS/NIFTY PUTS.
POSITONAL TRADERS>>>>> PEOPLE CAN COVER 50% ICICI BANK SHORTS AND SHORT SBI,BANKINDIA WITH THAT MARGIN MONEY.
BOOK PROFITS IN RINFRA ALSO.
REST HOLD ALL OTHER SHORTS/PUTS.

intraday

NIFTY FUT: If downtrend continues then it will fall up to 4253.30-4255.30 zone. Rallies up to 4298.60 can be used to sell. SL at 4341.15 level

NIFTY FUT: Sell with a Stop Loss of 4341.15 level. Target at 4285.25-4287.25 zone.

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SENSEX (Pre-Market): Higher opening expected. Expected to open high at around 100-110 points higher.
GM!!!
"It Doesn't Matter What Other People Say About You. What is Important is What You Say To Yourself."

OUTLOOK FOR TODAY 12TH SEPTEMPER

NIFTY FUTURES (F & O)

Above 4318 level, expect short covering up to 4350-4352 zone by non-stop.

Support at 4294 level.

Below this level, selling may continue up to 4277 level.

Do remember that, 4243-4245 zone should not be allowed to break on down side.

On Positive Side

, rallies up to 4382-4384 zone can be used to sell. Stop Loss is too far on upper side and can be placed at around 4477-4479 zone.

Short-Term Investors:

Short-Term Upward Target at 4509-4511 zone.

Short-Term Support at at 4211-4213 zone.

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TATA MOTORS (NSE Cash):

Book Profits in this scrip. Technically Profit Booking expected.

Hurdle at 430 level.

Supply expected at around this level. This supply should get absorbed too.

Support at 406 level.

Should not be allowed to break at any cost.

RANBAXY FUTURES (NSE):

Book Profits in this scrip. Technically selling should continue.

Hurdle at 430 level.

Supply expected at around this level. This supply should get absorbed too.

Support at 386 level.

Should not be allowed to break at any cost.

--------------------

Strong & Weak futures

This is list of 10 Strong Future:

Great Offshore L, Indin Bank, Orient Bank, Jet Airways (ind), Apetch Training, Moser Baer(I), St. Bk. India, HCL Technologies, Bharat Petro, Yes Bank Limited.

And this is the list of 10 Weak stocks ;

Sesa Goa Ltd. Gnfc Ltd. Triveni Engg. & The Ge Shpg. Ltd, Ranbaxy Labs, Chennai Petroleu, Bongaigaon R, Ndtv Ltd, Guj. Alkalies, Housing Dev & In.

Nifty is in Up Trend.

--------------------

The Dow Jones Industrial Average closed at 11,433.71. Up by 164.79 points.

The Broader S&P 500 closed at 1,249.05. Up by 17.01 points.

The Nasdaq Composite Index closed at 2,258.22. Up by 29.52 points.

The partially convertible rupee <INR=IN> was at 45.56/57 per dollar on yesterday, weaker than Wednesday's close of 45.12/13.

-------------

Book Profits in SMALLCAP Stocks

-----------

Inflation at 12.1%, no cool off till Nov seen: Experts

Bombay-Welcoming Shorts

Suddenly nothing matters-Inflation, Indo-US Nuclear Agreement and Politics. What matters is the Exit door and FIIs have used that in unison dumping close to $ 1 bn of stock in just four sessions. And yet this is nothing. Last Friday, FIIs sold $ 25 bn of stock in a single session ramming down Moscow 8 per cent in one day and close to $ 50 bn of sales in the first eight months of 2008. Compared to that the outflows from Bombay have been a mere $ 11 bn so far, but there is another $ 250 bn to go.

All BRIC nations and parts of Eastern Europe were funded by cheap dollar and yens. Beginning with Shanghai most markets ranging up to Bucharest have lost close to 80 per cent from their peak in 2008. Bombay has done better, down 44 per cent in US Dollar terms. But a similar fate now rests for Bombay and it seems imminent. Short of an extraordinary effort, there is now nothing that can stop the FIIs from bolting the Indian Stable. The Rupee will dive closer to Rs 50, the RBI will panic, raise Interest rates even higher to save the Rupee, hold on to its FX reserves and yet net net FX flows being negative the country's cushion of FX reserves will shrink ever more.

So what should we do? Some Short Ideas-Alternate Energy & Ethanol

When you need area the size of a minor city to set up Solar farms, or hundreds of acres of land to put up wind turbines and the ultimate beneficiary of the power so generated would be a few homes, then you realise how much better it would be to short Moser Baer, Suzlon and Webel SL Energy systems.

Or for that matter millions of acres of land to grow Sugar sucks water from the Earth, to convert cane juice into Ethanol and yet an Ethanol producer will never make money unless OMCs pay ridiclulous prices for that Ethanol, and further blend it with Motor Spirits, then you realise this industry too like all other Alternate Energy plays will swing like a yo-yo. These sectors can be added to Banks, Real Estate and Construction stocks, for shorting.

"You know, you saw subprime go first, and then, on a slight lag, you saw home equity, and now in the lag, you're seeing prime go. And it's exactly the same loss factors. But remember, the components of where we are in the states… [Are] very different. And we started doing more jumbos in '07, so a lot of that is — part of that is '07 vintage, which I think I told you at the time we were going to do and grow our balance sheet and gain share. And we were wrong. You know, we, obviously, wish we hadn't done it.

"So when you adjust for all of those things — vintages, CLTV, stated income, where it's done — that's what we're seeing. You know, it's very early in the loss curves…Prime looks terrible, and we're sorry." — J.P. Morgan CEO Jamie Dimon

Eventually, though, Bombay will knuckle down

Mutual funds selling financial stocks into strength. We've finally seen a shift in psychology away from buying financials on the dips. Many managers are preparing for an extended bear market in the sector. Banks with capital shortfalls will announce secondary stock offerings. This will lower the cost of new capital, because higher stock prices allow the banks to issue fewer shares to raise a fixed amount of capital. No such issues here..we can merrilly buy any number of the out of money puts in the Options segment-limiting losses and maximising gains.

The SEC is implementing rules that will make it a bit harder to sell short stocks that are difficult to borrow. I think "naked" short selling (shorting a stock when your broker has not yet located shares to short) must be stopped. This practice gives legitimate short selling a bad name. Stock should be located and borrowed before it is sold short, not the other way around. If your broker cannot locate shares to short, you should move on to another idea, or use put options.

But the hysteria about "rumors" bringing down financial companies has gone too far, I think. This is the defense of CEOs who are looking to blame someone for their own incompetence — incompetence that put their firms in a vulnerable position in the first place.

Short sellers did not conspire to force Wall Street firms to enter the business of securitizing dodgy debts. Firms like Bear Stearns ruined their own companies with the poor strategic decisions they made. The free flow of opinions is vital for the health of the stock market. One should be very suspicious about executives who try to suppress any negative opinions about the value of their stock. Short sellers need to do their own fundamental research and form their own opinions. Only fools buy or sell short stocks based solely on rumors.

Legitimate short sellers are very beneficial for the market. They provide liquidity at market bottoms by buying to cover their positions, and they are often the first to discover and put an end to accounting frauds and stock promotion schemes that siphon capital away from legitimate businesses.

Timing is important in the banking business. Also, as in investing, it pays to be a smart contrarian. Ideally, banks should make as many loans as possible once the economy bottoms. In an improving economy, borrowers can more easily pay down debts. Loans made with disciplined underwriting guidelines ahead of an economic boom can be both safe and profitable. On the other hand, aggressively expanding a loan book at the peak of a credit cycle and an economic cycle can lead to disaster.

Once credit cycles turn, loan portfolios, or loan books, become sources of risk, rather than profit. Look at the experience of Countrywide, which just got acquired by Bank of America for a fraction of is peak value. It blew itself up by aggressively expanding its mortgage loan book at the peak of the credit cycle — which happened to coincide with the biggest housing bubble in history.

Counters in the +ve NRajTV, EKC, Asianpaints, Sterlinbio
Buy APIL-415 for 425-432 with sl 410 [Trading]
Use Strict SL for both long and short
+ve to Market
1. Asian Market 2. US Market 3. Inflation
-ve to Market
1. Profit Booking 2. Continuous FII selling. 3. Technical weakness 4. Rs.Vs$, 5. Inflation 6. Sentiment Weak

--
Arvind Parekh
+ 91 98432 32381

--
Arvind Parekh
+ 91 98432 32381

INTRADAY CALLS

MCDOWELL-N FUTURES (Update): SL triggered. Bears dominated. If not crossing 1425.00 level on upper side then downtrend may continue.
NIFTY FUT: If downtrend continues then it will fall up to 4266.55-4268.55 zone. Rallies up to 4338.20 can be used to sell. SL at 4338.20 level.

NIFTY FUT: Sell with a Stop Loss of 4338.20 level. Target at 4302.30-4304.30 zone. SMS sent at 12.17 PM.

BIOCON FUTURES (Update): SL triggered. Bulls done good work. If does not break 194.50 level on down side then short covering may continue. SMS sent at 12.13 PM.

Futures: BIOCON FUTURES (NSE CMP 201.50) going down. Sell with a Stop Loss of 204.50 level. SMS sent at 12.06 PM.
Futures: MCDOWELL-N FUTURES (NSE CMP 1375.00) going up. Buy with a Stop Loss of 1361.00 level

Cash Market Intra-Day: RPOWER (NSE Cash CMP 169.25) going down. Sell with a Stop Loss of 171.25 level.

Cash Market Intra-Day: JPASSOCIAT (NSE Cash CMP 165.50) going down. Sell with a Stop Loss of 167.50 level.

POSITIONAL TRADERS>>>>COVER 50% OF RELCAP SHORTS AND USE THAT MONEY TO SHORT BANKINDIA OR ANY OTHER SHORTS.
AVERAGE IN LOOSING SHORTS AND CARRY 100% PUTS.

POSITIONAL TRADERS NEAR 4260-4220,COVER 20% OF YOUR PROFITABLE SHORTS.
DON'T COVER INTO LOSSES.
YOU ALL CAN STILL SHORT SBI,BANKINDIA,ITC,ACC.
CARRY ALL PUTS.

POSITIONAL TRADERS
HOLD YOUR OLD SHORTS,I HAVE BEEN SAYING THIS FROM 4480,
STILL HOLD IT,NIFTY CAN HIT 4220,4160 AND EVEN MORE V.SOON.
HOLD 4300 PUTS TARGET 160,200.

>>>>>>>>>>>.PEOPLE WHO WERE SHORT IN SAIL AND RELIANCE CAN COVER ONCE AND USE THIS MARGIN TO SHORT ANY OTHER SHARE AND PULL UP YOUR AVERAGE IN OTHER SHORTS. HOLD OLD SHORTS

Positional HOLD ALL YOUR OLD SHORTS/NIFTY PUTS FOR A Tgt OF 4260,4220.

SHORT SBI TGT 1490,1460.

SHORT ACC TGT 580,570.ITC TGT 188,185.

SHORT SUZLON TGT 232,226.

------------

GM!!!! "The True Measure of An Individual is How He Treats A Person Who Can Do Him Absolutely No Good."

NIFTY FUTURES (F & O)

Above 4431 level, expect short covering up to 4467-4469 zone by non-stop.

Support at 4407 level.

Below this level, selling may continue up to 4386-4388 zone.

Do remember that, 4350-4352 zone should not be allowed to break at any cost.

On Positive Side, rallies up to 4503-4505 zone can be used to sell. Stop Loss at 4539-4541 zone.

Short-Term Investors:

Short-Term Upward Target at 4574-4576 zone.

Short-Term Support at at 4314-4316 zone.

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STERLITE INDS (I) (NSE Cash):

Book Profits in this scrip. Technically it should go down.

Hurdle at 519 level. Supply expected at around this level. This supply should get absorbed too.

Support at 492 level. Should not be allowed to break at any cost.

JINDAL STEEL & POWER FUTURES (NSE):

Book Profits in this scrip. Technically it should go down.

Hurdle at 1738 level. Supply expected at around this level. This supply should get absorbed too.

Support at 1629 level

. Should not be allowed to break at any cost.

-------

US MARKET Closed Flat with +38 & All Asian market trading in �ve. Market will open with gap up and trending towards �ve. Closing below 4400 will be very bearish. Don't trade in first 15 to 20 minutes, highly volatility expected

----------

Strong & Weak futures

This is list of 10 Strong Future:

Great Offshore L, Indin Bank, Orient Bank, Jet Airways (ind), Apetch Training, Moser Baer(I), St. Bk. India, HCL Technologies, Bharat Petro, Yes Bank Limited.

And this is the list of 10 Weak stocks

;

Sesa Goa Ltd. Gnfc Ltd. Triveni Engg. & The Ge Shpg. Ltd, Ranbaxy Labs, Chennai Petroleu, Bongaigaon R, Ndtv Ltd, Guj. Alkalies, Housing Dev & In.

---------

Counters in the +ve

NFL, HOPFL, Birlacorp, Nalco,Laxmimach

　

Short BHEL-1711 below 1700 for 1640 with sl 1720 [Trading]

Short HDFC-2319 below 2305 or 2290-2270 with sl 2317

　

Short Tatachem-301 for 290-285 with sl 305

Short Tatapower-1051 for 1030-1000 with sl 1061

　

Short Relcapital-1331 for 1307 with sl 1340

　

Buy TTML-27.35 for 30 with sl 26.90 [positional]

Buy SUZLON-243 for 253,257 with sl 239

　

Use Strict SL for both long and short

-----------------

The Dow Jones Industrial Average closed at 11,268.92. Up by 38.19 points.

The Broader S&P 500 closed at 1,232.04. Up by 7.53 points.

The Nasdaq Composite Index closed at 2,228.70. Up by 18.89 points.

The partially convertible rupee <INR=IN> ended at 45.12/13 per dollar on yesterday, weaker than Tuesday's close of 44.84/85.

----------------

-ve to Market

1. Asian Market 3. Profit Booking 4. Continuous FII selling. 5. Technical weakness 4. Rs.Vs$, 5. Inflation

--
Arvind Parekh
+ 91 98432 32381