OUTLOOK FOR TODAY 29TH OCT 2008

Strong & Weak futures
This is list of 10 strong futures:
Utv Soft,Ultratech Cemc, Wipro, Walchanna, WelsGuj,United Phosphoro,Videocon, Wockhardt, Zylog Systems & Zee.
This is list of 10 Weak Futures:
Parsvnath, Bajaj Hind,National Alu, Ivrcl Infrast, Ivr Prime Urban, Brigade, Jundal Stainl, Puravankara Proj, Suzlon & United Phosphoro.

Nifty is in Down Trend.

Inflation drops below 11%, down to 10.68%
Inflation for the week ended October 18 fell to 10.68 per cent, from 11.07 per cent in the earlier week. Inflation has fallen below 11 per cent for the first time since May this year.

FII DATA
FII
29/10: -1306.35 Cr. (Prov)
DII
29/10: 739.66 Cr. (Prov)
Arvind Parekh™: INFLATION @10.68%


India 2-day call rate at 9.75-10% vs 9.75-9.85% on Mon
FIIs net sell $ 292 m in equity on Oct 24
Mutual Funds net sell Rs 318.6 cr on Oct 24

Speculation is that Bank of Japan may lower the benchmark lending rate to 0.25 percent from 0.5 percent on Oct. 31.
The Federal Reserve may cut rates by 0.50 % in today's meeting. There is no positive reactions in our market.
If Federal Reserve decided to cut rates by 0.75% in today's meeting then market may stage a rally.

NIFTY FUTURES (F & O)

Above 2715 level, rally may continue up to 2739-2741 zone by non-stop.

Support at 2678-2680 zone

. Below this zone, expect profit booking up to 2652-2654 zone and thereafter selling may continue up to 2628-2630 zone.

Buy if touches 2474-2476 zone. Stop Loss at 2449-2451 zone.

On Positive Side, if crosses & sustains at above 2764-2766 zone then uptrend may continue.

Short-Term Investors:

Short-Term trend is bearish and worst may be over at around 2546 level (Already broken) on down side.

On Positive Side, short rallies up to 3085 level can be used to exit. Maintain a Stop Loss at 3265 level for your short positions too.

-----------

BSE SENSEX

Technically buying should continue. If bulls are reluctant then bears

will try to hammer and have caution.

Short-Term Investors:

Trend is Bearish & Technical target at around 8612 (Already broken) level on down side. Relief rally up to 10216 level can be used to exit. SL at 10750 level.

-----------

Strong & Weak futures

This is list of 10 Weak Futures: Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.

Nifty is in Down Trend.

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

MAHINDRA & MAHIN (NSE Cash): Likely to Zoom. Technically it should go up.

If crosses & sustains at above 301 level then uptrend may continue.Support at 261 level. Should not be allowed to break at any cost.

JAIPRAKASH ASSOCIATES FUTURES (NSE): Likely to Zoom. Technically it should go up.

If crosses & sustains at above 80 level then uptrend may continue.Support at 38 level. Should not be allowed to break at any cost.

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

The Dow Jones Industrial Average closed at 9,065.12. Up by 889.35 points.

The Broader S&P 500 closed at 940.51. Up by 91.59 points.

The Nasdaq Composite Index closed at 1,649.47. Up by 143.57 points.

Money Market closed on Tuesday for a local holiday.

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

+ve sectors & scripts :

IT, KPIT, Bata, Akruti,GDL

Buy Mphasis-171 for 190-198 with sl 166

Buy Rolta-175 for 192-197 with sl 170

Buy OFSS-517 for 574 with sl 500

Buy TCS-540 for 579-620 with sl 525

--------

--
The Equity Bulls Are Buying! Does That Signal A Dawn?

I listen to Warren Buffett's words carefully. Not because I'm a hero worshipper, but because the Oracle of Omaha knows the investment world inside and out. His conglomerate, Berkshire Hathaway, has returned a compound annual gain of 27.1% over the last 42 years (through the end of 2007). And individually, he is the richest man in the world.

So, what has Buffett been saying lately? Here are some of his comments made last week ..."In my adult lifetime, I don't think I've ever seen people as fearful economically as they are now." "The recession is going to get worse. I don't want to hold out false hopes that — by some magic bullet — that things will turn around in a couple months."

"This really is an economic Pearl Harbor. That sounds melodramatic, but I've never used that phrase before. And this really is one."

Discouraging stuff, to say the least. And unfortunately, I agree with all of it.

People are panicking more than I have ever seen. The country's mood has changed. What were once distant possibilities had become immediate dangers. Everyday Indians, not necessarily even investors, are angry and worried. This past weekend, while visiting my friends, I was questioned on the markets by nearly everyone I encountered. There is no question that the worry is well founded. Like Buffett, I have been saying for quite some time that even if our country is not in an official recession, it sure feels like one. Falling investment values, rising prices for daily necessities, money markets freezing out investors ... these are serious threats to a nation's wealth and security.

However, There Is Also Wisdom in Another Buffett Saying:

That We Should Be Greedy When Others Are Fearful ...

This is easier said than done, of course. But some investors — even as they openly worry about the future — are making bullish bets. Buffett is a prime example. While he is talking about the sad state of affairs, he is ACTING on the belief that things will improve. Buffett committed $3 billion to General Electric and $5 billion to Goldman Sachs in exchange for preferred shares in the two companies. Buffett's moves are bullish.

And never forget that Buffett has also made billions of bullish bets using options on not just the S&P 500, but also three other unnamed foreign stock market indexes. While the details are scant, Buffett has said all of these bets expire between 2019 and 2027 and were struck at the market. In other words, he believes stocks — both in the U.S. and in other foreign markets — will be higher 10 years from now than they are today.

There could be plenty more pain ahead. But I want to come back to the greed part ... the reason to buy when everyone else is fearful. Bears can be absolutely brutal, but the ensuing bull runs have always paid off handsomely for patient investors. Am I saying that right now is the absolute bottom or the time to buy with both hands? No.

But I do think we should all keep the market's history in mind as we watch the daily ticker tape ...We should pay close attention to what legendary investors like Warren Buffett are not only saying, but DOING ...and we should be setting ourselves up for long-term gains with a strong element of short-term protection.





Arvind Parekh
+ 91 98432 32381

Market Outlook for 27th Oct 2008

Our Fundamental wing recommends to buy VICEROY HOTELS (BSE Code: 523796) for delivery.

FII DATA
FII
27/10: -1027.30 Cr. (Prov)
DII
27/10: 916.18 Cr. (Prov)

Strong & Weak futures
This is list of 10 Weak Futures:
Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.
Nifty is in Down Trend.



WISHING YOU & YOUR FAMILY A VERY HAPPY DIWALI!

NIFTY FUTURES (F & O)

Below 2503 level, selling may continue up to 2366-2368 zone by non-stop.

Hurdles at 2570 & 2613 levels. Above these levels, expect short covering up to 2748-2750 zone and thereafter expect a jump up to 2884-2886 zone.

Sell if touches 3109-3111 zone. Stop Loss at 3244-3246 zone.

On Negative Side, if breaks & sustains at below 2230-2232 zone then downtrend may continue and have caution.

Short-Term Investors:

Short-Term trend is bearish and worst may be over at around 2546 level (Already broken) on down side.

On Positive Side, short rallies up to 3085 level can be used to exit. Maintain a Stop Loss at 3265 level for your short positions too.

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

FII DATA

FII

24/10: -1431.56 Cr. (Prov)

DII

24/10: 514.26 Cr. (Prov)

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

Strong & Weak futures

This is list of 10 Weak Futures:

Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.

Nifty is in Down Trend.

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

BSE SENSEX

Technically selling should continue.

Short-Term Investors:

Trend is Bearish & Technical target at around 8612 (Already broken) level on down side. Relief rally up to 10216 level can be used to exit. SL at 10750 level.

-------

DLF (NSE Cash): Likely to Fall. Technically it should go down.

If breaks & sustains at below 155 level then downtrend may continue.Hurdle at 218 level. Supply expected at around this level. This supply should get absorbed too.

RANBAXY FUTURES (NSE): Likely to Fall. Technically it should go down.

If breaks & sustains at below 144 level then downtrend may continue.

Hurdle at 198 level. Supply expected at around this level. This supply should get absorbed too.

-----------

The Dow Jones Industrial Average closed at 8,378.95. Down by 312.30 points.

The Broader S&P 500 closed at 876.77. Down by 31.34 points.

The Nasdaq Composite Index closed at 1,552.03. Down by 51.88 points.

The partially convertible rupee <INR=IN> closed at 49.950/965 per dollar on Friday, weaker than a close of 49.81/82 on Thursday.

--

Arvind Parekh
+ 91 98432 32381

"Every new BOTTOM is always a last BOTTOM for fellow investors"

FII DATA
FII
24/10: -1431.56 Cr. (Prov)
DII
24/10: 514.26 Cr. (Prov)

Strong & Weak futures
This is list of 10 Weak Futures:
Bajajhind, Aban, Ivrprime, Strtech, Welguj, Essaroil, Ivrclinfra, Suzlon, Purva & Unitech.
Nifty is in Down Trend.


Just to let you people know that the markets are bottoming out and ready for a short term bounce back. It can bounce back by atleast 25%
Relince Capital, ICICI and HDIL are looking good.
The first trigger is the Nifty Futures should close above 3050 . If that happens expect 3800 in a month's time.

Long term investors can buy the following stocks
LT
Ranbaxy
BankIndia
UnionBank
Reliance
Rel Petro
IFCI
Idea Cellular
Ster
City Union Bank
Maruti
NTPC
Hindalco
HDFC
BHEL
Vijayabank

IBSec

Market News

Unitech to offload 26-45% stake in telecom biz

Depositors pull out Rs 17K cr from ICICI since March
--
Arvind Parekh
+ 91 98432 32381

Market Outlook for today 23rd Oct 2008

Cash Market Intra-Day: Buy MONNETISPA (NSE Cash CMP 176.15) for Intra-Day gains. Stop Loss at 172.15 level. SMS sent at 01.46 PM.

Cash Market Intra-Day: Buy UTVSOF (NSE Cash CMP 615.00) for Intra-Day gains. Stop Loss at 611.00 level. SMS sent at 01.28 PM.

FOR INVESTMENT HORIZON OF 6-12 MTHS-BUY TISCO@215 HINDALCO@54 RCOM@228 GODAVARI POWER@79 SESA GOA@75 SUZLON ENERGY@79 Jp Ass@69 Buy :

Cash Market Intra-Day: Buy TANLA (NSE Cash CMP 90.55) for Intra-Day gains. Stop Loss at 88.55 level. SMS sent at 12.41 PM.

FUT: It is not falling. Do not take risk and exit from your short positions. Technical target is 2921.75 level. SMS sent at 11.45 AM.

NIFTY FUT: Sell with a Stop Loss of 3020.30 level for Intra-Day gains. SMS sent at 11.04 AM.

INTRADAY CALL

Cash Market Intra-Day: Buy VOLTAMP (NSE Cash CMP 399.00) for Intra-Day gains. Stop Loss at 395.00 level. SMS sent at 10.45 AM.

NIFTY FUT: Buy with a Stop Loss of 2921.75 level for Intra-Day gains. &
NIFTY FUT: Book Profits partially (or) fully. Technical Target is 2999.70-3001.70 zone.

SENSEX (Pre-Market): Weak opening expected. Expected to open weak at around 470-490 points lower.

Headlines for the day

Corporate News Headline
Wipro reported Q2'09 results, revenue rose 36% yoy to Rs. 65.07 bn, and net profit increased 19% yoy to Rs. 9.78 bn. (BS)
NTPC is planning to raise about USD 1 bn from both domestic as well as international markets to part-fund its expansion plans. (ET)
Power Grid Corporation of India received USD 400 mn loan from the World Bank to increase reliable power exchange between regions and states. (ET)

Economic and Political Headline
The Prime Minister Manmohan Singh said that India will achieve a GDP growth rate of 7.5% to 8% this year despite the current global economic turmoil, which has only partially affected the country. (ET)
The finance minister, P Chidambaram said that it may miss the budget targets for fiscal and revenue deficits for 2008-09 as global financial crisis is exerting pressure. (BS)
The US Federal Reserve reached deeper into the troubled financial system, offering up to USD 540 bn of help to money market mutual funds in its latest response to the credit crunch. (WSJ)

NIFTY FUTURES (F & O)

Below 3036 level, selling may continue up to 2978-2980 zone by non-stop.

Hurdles at 3070 & 3093 levels. Above these levels, expect short covering up to 3149-3151 zone and thereafter expect a jump up to 3205-3207 zone.

Sell if touches 3335-3337 zone. Stop Loss at 3391-3393 zone.

On Negative Side, if breaks & sustains at below 2922-2924 zone then downtrend may continue and have caution.

Short-Term Investors:

Short-Term trend is bearish and worst may be over at around 2473 level on down side.

On Positive Side, short rallies up to 3415 level can be used to exit. Maintain a Stop Loss at 3729 level for your short positions too.

BSE SENSEX

Technically selling should continue. If bears are reluctant then bulls will

try to rig up and have caution.

Short-Term Investors:

Trend is Bearish & Technical target at around 8165 level on down side. Relief rally up to 10944 level can be used to exit. SL at 11870 level.

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

Strong & Weak futures

This is list of 10 Strong Futures:

Iob, Tvsmotor, HindUniLvr, Indian bk, Gtl, Colgate palmoliv, Syndicate bk, Hotel leela, Sterlling Biotech & Indn. oil.

And this is the list of 10 Weak Futures:

Welspun Guj, Financial Technol, Sterlite Technol, Aptech, Jsw steel, S kumar, Ivrcl infrast, Bajaj hind, Ndtv & Ivr prime urban.

Nifty is in Down Trend.

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

ITC LTD (NSE Cash): Likely to Fall.

Profit Booking expected.

Support at 165 level. If breaks & sustains at below

this level then downtrend may continue.

Hurdle at 181 level. Supply expected at around this level. This supply should get absorbed too.

HINDUSTAN UNILEVER FUTURES (NSE): Likely to Fall. Profit Booking expected.

Support at 243 level. If breaks & sustains at below this level

then downtrend may continue.

Hurdle at 259 level. Supply expected at around this level. This supply should get absorbed too.

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

NIFTY SPOT

Resistance 3183.33 3301.52 3367.28

Support 2999.38 2933.62 2815.43

SENSEX

Resistance 10393.76 10617.62 10750.39

Support 10037.13 9904.36 9680.50

+ve sectors & scripts

: Voltas

-----------

The Dow Jones Industrial Average closed at 8,519.21. Down by 514.45 points.

The Broader S&P 500 closed at 896.78. Down by 58.27 points.

The Nasdaq Composite Index closed at 1,615.75. Down by 80.93 points.

The partially convertible rupee <INR=IN> ended at 49.28/29 per dollar on yesterday, weaker than Tuesday's close of 49.04/06.

-------

Sell SMALLCAP Stocks

-----------

Arvind Parekh
+ 91 98432 32381

OUTLOOK FOR TODAY 22nd Oct 2008

Strong & Weak futures
This is list of 10 Strong Futures:

Iob, Tvsmotor, HindUniLvr, Indian bk, Gtl, Colgate palmoliv, Syndicate bk, Hotel leela, Sterlling Biotech & Indn. oil.

And this is the list of 10 Weak Futures:

Welspun Guj, Financial Technol, Sterlite Technol, Aptech, Jsw steel, S kumar, Ivrcl infrast, Bajaj hind, Ndtv & Ivr prime urban.
Nifty is in Down Trend.

FII DATA

FII

22/10: -543.95 Cr. (Prov)

DII

22/10: 404.05 Cr. (Prov)

FUTURES: Sell BHARTIARTEL FUTURES (NSE CMP 666.40). Stop Loss at 670.40. SMS sent at 03.03 PM.

Cash Market Intra-Day: Buy MCDOWELL-N (NSE Cash CMP 769.80) for Intra-Day gains. Stop Loss at 765.80 level. SMS sent at 01.54 PM.

Cash Market Intra-Day: Sell ASHAPURMIN (NSE Cash CMP 39.10) for Intra-Day gains. Stop Loss at 40.10 level. SMS sent at 01.31 PM.

NIFTY FUT: Book Profits partially (or) fully. Technical Target is 3170.15 level. SMS sent at 12.41 PM.

NIFTY FUT: Buy with a Stop Loss of 3074.95 level for Intra-Day gains. SMS sent at 12.32 PM.

Headlines for the day
Corporate News Headline

Jaiprakash Associates reported Q2’09 results, total income rose to Rs. 12.86 bn on yoy, and net profit increased 96.03% yoy to Rs. 2.03 bn. (BS)

BHEL bagged Rs. 6.41 bn contract for setting up a 412 MW hydro electric plant from Satluj Jal Vidyut Nigam Ltd. (ET)

Hindustan Construction bagged an order worth Rs. 3.6 bn from Lanco Infratech for construction-related works at Teesta Hydro Electro Power Project in Sikkim. (BS)

Economic and Political Headline

The concerned over the default in payment of fuel bills by the airlines, Petroleum Minister Murli Deora has called a meeting with Civil Aviation Minister Praful Patel, airlines, and oil companies to sort out the issue. (BS)

The Finance Minister said that the government will exceed the borrowing target, the first time it´s doing so in four years, to pay for higher spending and shore up economic growth. (Bloomberg)

The Treasury Secretary Henry Paulson advocated mergers and acquisitions to strengthen the banking industry, while reiterating that the aim of a USD 250 bn bank recapitalization plan is to stimulate lending. (Bloomberg)

NIFTY FUT (Short-Term Investors):

Below 3415 level, technical target at 2473 level. Stop Loss for short positions at 3729 level. Not for Day-Traders.

SENSEX:

Below 10944 level, technical target at 8165 level. Stop Loss for short positions at 11870 level. Not for Day-Traders.

NIFTY OCT FUTURES LEVELS TODAY 3277 3252 3219 3170 3111 3057 3074 3004

ABAN TILL TRADE ABVE 1100 WE SEE BUYING TILL 1160-1205-1250.

NIFTY FUT: Cover your short positions partially (or) fully. Technical Target is 3074.95-3076.95 zone.

NIFTY FUT: Sell with a Stop Loss of 3170.15 level for Intra-Day gains.

Cash Market Intra-Day: Buy TECHM (NSE Cash CMP 441.55) for Intra-Day gains

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

JAIPRAKASH ASSOC (NSE Cash): Avoid Short Selling in this scrip. Rebound expected.

Support at 76 level. Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 100 level. Supply expected at around this level. This supply should get absorbed too.

TCS FUTURES (NSE): Avoid Short Selling in this scrip. Rebound expected.

Support at 503 level. Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 585 level. Supply expected at around this level. This supply should get absorbed too.

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

The Dow Jones Industrial Average closed at 9,033.66. Down by 231.77 points.

The Broader S&P 500 closed at 955.05. Down by 30.35 points.

The Nasdaq Composite Index closed at 1,696.68. Down by 73.35 points.

The partially convertible rupee <INR=IN> closed at 49.04/06 per dollar on yesterday, weaker compared to its previous close of 48.97/98 on Monday.

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

+ve sectors & scripts : Midcap50, IT, Bata, SyndicateBank, Titan

Short BPCL-352 for 340 with sl 356

Short HPCL-223 for 218-215 with sl 227

Buy Infy-1347 for 1370-1400 with sl 1330

Buy AxisBank-656 for 675-704 with sl 649

No +ve news & Global cues will lead Indian Market today

--------

FII DATA

FII

21/10: -258.42 Cr. (Prov)

DII

21/10: 883.76 Cr. (Prov)

Strong & Weak futures
This is list of 10 Strong Futures:
Indian bk, Iob, Mphasis, Dr.reddy, Hind uni lvr, Tvs motor, Gtl, Bob, Satyam & Syndicate bk..
And this is the list of 10 Weak Futures:
Nagarjuna constr, Patel eng, Welspun, Aptech, S kumar, Jsw steel, Sterlite technol, Baja hind, IVR prime & NDTV.
Nifty is in Down Trend.

--
Arvind Parekh
+ 91 98432 32381

--
Arvind Parekh
+ 91 98432 32381

MARKET TODAY 21st Oct 2008

FII DATA

FII

21/10: -258.42 Cr. (Prov)

DII

21/10: 883.76 Cr. (Prov)

Strong & Weak futures
This is list of 10 Strong Futures:
Indian bk, Iob, Mphasis, Dr.reddy, Hind uni lvr, Tvs motor, Gtl, Bob, Satyam & Syndicate bk..
And this is the list of 10 Weak Futures:
Nagarjuna constr, Patel eng, Welspun, Aptech, S kumar, Jsw steel, Sterlite technol, Baja hind, IVR prime & NDTV.
Nifty is in Down Trend.

DELIVERY /CASH CALL

Cash Market: IDEA (NSE Cash CMP 55.10) may bounce from current levels. Stop Loss at 54.10 level. SMS sent at 01.17 PM.

INTRADAY CALLS GIVEN ON 21ST OCT

Cash Market Intra-Day: Buy BALAJITELE (NSE Cash CMP 97.60) for Intra-Day gains. Stop Loss at 95.60 level. SMS sent at 11.36 AM.

Cash Market Intra-Day: Buy EDUCOMP (NSE Cash CMP 1934.00) for Intra-Day gains. Stop Loss at 1930.00 level. SMS sent at 11.41 AM.

Futures: Sell Larsen & Toubro Futures (NSE CMP 860.10) for Intra-Day gains. Stop Loss at 864.10 level. SMS sent at 03.18 PM.

NIFTY FUT: Book Profits partially (or) fully. Technical Target is 3259.85-3261.85 zone. SMS sent at 10.58 AM.

NIFTY FUT: Buy with a Stop Loss of 3159.45 level for Intra-Day gains. SMS sent at 10.49 AM.

NIFTY FUT: Cover your short positions partially (or) fully. Technical Target is 3081.10-3083.10 zone. SMS sent at 10.17 AM.

SENSEX (Pre-Market): Higher opening expected. Expected to open high at around 190-210 points higher.

MARKET TODAY 21st Oct 2008
Headlines for the day
Corporate News Headline
Idea Cellular would spin off its licences in two operating service areas to comply with the telecoms merger and acquisition guidelines. (ET)
Power Finance Corp is expected to launch a bond issue in the next few days to raise around Rs. 2 -3 bn. (BS)
Larsen & Toubro decided to retain its Mysore-based medical equipment and systems business unit. (ET)
Economic and Political Headline
The Reserve Bank of India lowered the repo rate, or the rate at which it lends to banks, by 100 basis points to 8% with an immediate effect. (BS)
The SEBI said it ``disapproves´´ of overseas investors short-selling equities using offshore derivatives to prevent a further slide in the benchmark index. (Bloomberg)
The US Federal Reserve Chairman Ben Bernanke threw his support behind a second round of fiscal stimulus by the government to limit the risk of a "protracted" slowdown in the economy. (WSJ)

Support/Resistance Levels Spot

Nifty

Resistance 3221.15 3319.50 3400.60 Support 3041.70 2960.60 2862.25

Sensex

Resistance			10499.67	10776.24	11014.44
Support			9984.90	9746.70	9470.13

DATA
FII
20/10: -816.79 Cr. (Prov)
DII
20/10: 216.43 Cr. (Prov)

Strong & Weak futures

This is list of 10 Strong Futures:

Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl.

And this is the list of 10 Weak Futures:

Bomdyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
Nifty is in Down Trend.

Why this govt is not taking decisions at right time? This repo rate cut should have been announced on thursday, then it would have been fantastic move.

Tata Consultancy Services Ltd to announce results this week. This stock may rise.

RBI CUTS REPO RATE TO 8.0 PERCENT FROM 9.0 PERCENT WITH IMMEDIATE EFFECT. Positive move, but delayed decision and may have negative impact.

SENSEX (Short-Term Investors):

Below 10956 level, technical target at 8153 level. Stop Loss for short positions at 11882 level. Not for Day-Traders.

NIFTY FUT (Short-Term Investors):

Below 3427 level, technical target at 2461 level. Stop Loss for short positions at 3741 level. Not for Day-Traders.

-------------------------------
INTRADAY OUTLOOK FOR TODAY

NIFTY FUTURES (F & O)

Above 3181 level, rally may continue up to 3208-3210 zone and thereafter expect a jump up to 3260-3262 zone by non-stop.

Support at 3109 & 3133 levels.

Below these levels, expect profit booking up to 3029-3031 zone and thereafter slide may continue up to 2977-2979 zone.

Below 2951-2953 zone, expect panic up to 2898-2900 zone.

On Positive Side, short rallies up to 3286-3288 zone can be used to sell. Stop Loss at 3338-3340 zone.

Short-Term Investors:

Short-Term trend is bearish and worst may be over at around 2461 level on down side.

On Positive Side, short rallies up to 3427 level can be used to exit. Maintain a Stop Loss at 3741 level for your short positions too.

BSE SENSEX

Technically uptrend should continue.

Short-Term Investors:

Trend is Bearish & Technical target at around 8153 level on down side. Relief rally up to 10956 level can be used to exit. SL at 11882 level.

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

TCS (NSE Cash): Likely to Zoom.

Technically it should go up.

If crosses & sustains at above 523 level then uptrend may continue.

Support at 444 level.

Should not be allowed to break at any cost.

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

If crosses & sustains at above 295 level then uptrend may continue.

Support at 253 level

. Should not be allowed to break at any cost.

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

The Dow Jones Industrial Average closed at 9,265.43. Up by 411.46 points.

The Broader S&P 500 closed at 985.40. Up by 44.85 points.

The Nasdaq Composite Index closed at 1,770.03. Up by 58.74 points.

The partially convertible rupee <INR=IN> ended at 48.97/98 per dollar on yesterday, weaker than 48.88/89 at close on Friday.

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

Book Profits in REALTY INDEX Stocks

----------

1. US Market 2. US market 3. US Market 4. Asian Market 5. Sentiment 6. SGX nifty 7. Technical pullback 8. Govt. measures against Liquidity problem 9. 10. Small & Some investment buying. 11. REPO rate cuts by RBI 12. Expected bann on short selling

--
Arvind Parekh
+ 91 98432 32381

OUTLOOK FOR TODAY 20TH OCT 2008

FII DATA
FII
20/10: -816.79 Cr. (Prov)
DII
20/10: 216.43 Cr. (Prov)

Strong & Weak futures

This is list of 10 Strong Futures:

Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl.

And this is the list of 10 Weak Futures:

Bomdyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
Nifty is in Down Trend.

Why this govt is not taking decisions at right time? This repo rate cut should have been announced on thursday, then it would have been fantastic move.

Tata Consultancy Services Ltd to announce results this week. This stock may rise.

RBI CUTS REPO RATE TO 8.0 PERCENT FROM 9.0 PERCENT WITH IMMEDIATE EFFECT. Positive move, but delayed decision and may have negative impact.

SENSEX (Short-Term Investors):

Below 10956 level, technical target at 8153 level. Stop Loss for short positions at 11882 level. Not for Day-Traders.

NIFTY FUT (Short-Term Investors):

Below 3427 level, technical target at 2461 level. Stop Loss for short positions at 3741 level. Not for Day-Traders.

INTRADAY CALLS
NIFTY FUT: If uptrend continues then it will zoom up to 3366.00-3368.00 zone. Support at 3186.50 level. If not going up, then SL is too far and can be placed at 2997.10-2999.10 zone. SMS sent at 01.03 PM.

NIFTY FUT: SL Triggered. Selling should continue up to 2997.10-2999.10 zone. Resistance at 3140.75 level. If not falling, then SL is too far and can be placed at 3252.35-3254.35 zone. SMS sent at 10.07 AM.

NIFTY FUT: Buying Recommended. Buy with a Stop Loss of 3110.75 level. Target at 3252.35-3254.35 zone. SMS sent at 09.58 AM.

Cash Market Intra-Day: Sell THERMAX (NSE Cash CMP 303.70) for Intra-Day gains. Stop Loss at 307.70 level. SMS sent at 10.54 AM.

Cash Market Intra-Day: Buy SKUMARSYNF (NSE Cash CMP 28.85) for Intra-Day gains. Stop Loss at 27.85 level.


Strong & Weak futures
This is list of 10 Strong Futures:

Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.

And this is the list of 10 Weak Futures:

Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, Nagarjuna constr & Ndtv Ltd.

Nifty is in Down Trend.

FII Data

FII

17/10: -915.54 Cr. (Prov)

DII

17/10: 712.77 Cr. (Prov)

NIFTY FUTURES (F & O)

Selling may continue up to 3038-3040 zone for time being.

Above 3081 level, expect mild jump up to 3136 level and thereafter short covering may continue up to 3249-3251 zone by non-stop.

Supply expected at around 3363-3365 zone. Sell if touches 3477-3479 zone. Stop Loss at 3590-3592 zone.

On Negative Side, if breaks & sustains at below 2924-2926 zone then selling may continue up to 2811-2813 zone and have caution.

Short-Term Investors:

Short-Term trend is bearish and worst may be over at around 2461 level on down side.

On Positive Side, short rallies up to 3427 level can be used to exit. Maintain a Stop Loss at 3741 level for your short positions too.

BSE SENSEX

Technically rebound should happen.

Short-Term Investors:

Trend is Bearish & Technical target at around 8153 level on down side. Relief rally up to 10956 level can be used to exit. SL at 11882 level.

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

RELIANCE INFRASTRUCTURE (NSE Cash): Avoid Short Selling in this scrip

. Rebound expected.

Support at 394 level. Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 503 level. Supply expected at around this level. This supply should get absorbed too.

JAIPRAKASH ASSOCIATES FUTURES (NSE): Avoid Short Selling in this scrip. Rebound expected.

Support at 58 level. Rebound

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

Hurdle at 80 level. Supply expected at around this level. This supply should get absorbed too.

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

The Dow Jones Industrial Average closed at 8,852.22. Down by 127.04 points.

The Broader S&P 500 closed at 940.55. Down by 5.88 points.

The Nasdaq Composite Index closed at 1,711.29. Down by 6.42 points.

The partially convertible rupee dropped to 48.88/89 per dollar on Friday, weaker

than Thursday's close of 48.82/83.

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

Sell SENSEX Stocks

-----------

--
Arvind Parekh
+ 91 98432 32381

WEEKLY OUTLOOK 20TH - 24TH OCT

Strong & Weak futures
This is list of 10 Strong Futures:

Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.

And this is the list of 10 Weak Futures:

Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, z Nagarjuna constr & Ndtv Ltd.

Nifty is in Down Trend.

FII Data

FII

17/10: -915.54 Cr. (Prov)

DII

17/10: 712.77 Cr. (Prov)

Index Outlook

Sensex (9975.3)

Despite the brouhaha over the Sensex closing below 10000, there are a number of positive takeaways from last week's proceedings. The regulators appear to have finally identified the cause for the present turmoil and seem to be taking steps in the right direction, credit markets eased and more importantly, no financial institution lined up for emergency resuscitation last week. Stock prices did gyrate tirelessly, keeping everyone on the edge of the seat, but the troughs formed in the previous week were not breached significantly by any of the major global indices.

Though the weekly close below 10000 has rattled everyone, it needs to be borne in mind that the Sensex too is just 200 points below previous week's trough. Last week's movement of the Sensex is in fact comforting as the index appears to be attempting to stabilise itself at lower levels. Volumes were low reflecting the extremely bearish sentiment. Activity was subdued in the derivatives segment as well.

The steep decline witnessed over the last month has taken the daily, weekly as well as monthly oscillators into oversold territory. Monthly and weekly relative strength index is currently at a level last recorded in September 2001, following the World Trade Centre bombing. But these indicators have not yet reversed higher or signalled a buy.

It is apparent that the third leg of the downtrend from January peak in Sensex is unfolding since the 15580 peak. If we consider the minor counts of this leg of the down move from 15579, the much-feared third of third (third minor of the third wave) seems to have been in motion since the September 22 peak at 14221. This part of a down-move wreaks extensive damage and is extremely ferocious. But it is also very swift and ends quickly.

In other words, the index could be close to a medium-term trough that can be formed at 9700 or just below, in the band between 9300 and 9400. A period of sideways movement between 9500 and 12000 can then follow as the move from 15580 completes itself before starting a sustained medium-term up-move. Investors need to worry only if the index declines below 9300 over the next two weeks as that would suggest that the third wave is extending.

Volatility can persist in the week ahead. A strong opening on Monday would take the index higher to 11204 or 11557. Close above 11557 will make the short-term outlook positive paving the way for a rally to 12066. Conversely, a weak start will drag the Sensex to 9679 or 9409. A sustainable medium-term trough is possible at either of these levels.

Nifty (3074.3)

Nifty rose to an intra-week peak at 3648 before declining below the psychological 3200-mark. The index is close to the long-term support at 2940 indicated last week. If we consider the targets of the third leg down from the 6357 peak, the first target is 3070. In other words, a medium-term trough is possible in the band between 2950 and 3000 following which the index can move sideways between 2950 and 3500 for a few weeks before launching a medium-term up-move. A decline below 2950 would, however, mean that the third leg is extending. The June 2006 trough at 2595 would then be in reckoning.

For the short-term, an up-move on Monday can take the index higher to 3419 or 3522. Reversal from either of these levels would result in a sideways move between 3000 and 3500 for a few weeks. Target above 3522 is at 3735. Supports for the week would be at 2965 and then 2543.

Global Cues

It was a very volatile week for most global indices as they moved higher in the first half of the week only to reverse in the second half to end on a rather shaky note. Meanwhile, the CBOE volatility index recorded a new high on Thursday and recorded its strongest weekly close ever at 70.3 implying that investors continue to be extremely nervous. The Dow Jones was volatile in a 1000-point band. A close above 9400 will mitigate the negative near-term outlook in this index. Else a decline to 7400 or 7200 is possible before an intermediate term trough is formed.

Commodities extended their decline; the CRB index fell 3.5 per cent for the week. Crude traded on Nymex declined to $68.6 per 1000 barrels last week before recovering to close above $70. The supports on the long-term charts are at $66 and then $62. Decline below these levels will imply the end of the bull market that is in sway since 1998 in this commodity.

Infosys

It was an intensely volatile week for Infosys as the stock first rallied to Rs 1,411 and then declined to Rs 1,100 again.

As explained last week, the stock has key long-term support at Rs 1,110.

A sustainable trough is possible at this level. However a close below this level will drag the stock to the next support band between Rs 920 and Rs 940.

The stock faces immediate resistance at Rs 1,418. A sideways movement between Rs 1,100 and Rs 1,400 is possible in the short-term as the stock builds a base from which to launch the next up-move. Resistance beyond Rs 1,400 would be at Rs 1,530 and then Rs 1,650.

Reliance Infra

There was some stability in the stock last week as it moved sideways between Rs 480 and Rs 660.

The weekly loss of Rs 24 appears miniscule when compared with the previous week when the stock lost more than Rs 200. Immediate support on the chart is at Rs 450.

The band between Rs 400 and Rs 450 is a potential base for this leg of the down-move. However, the medium-term view will turn positive only on a close above Rs 660.

Short-term resistance will be at Rs 658 and Rs 724. Downward reversal from the first resistance will make the stock move in a sideways range between Rs 500 and Rs 650 for a few sessions.

Maruti Suzuki

Maruti Suzuki has been under severe selling pressure from last November. This long-term down-trend halted in the first week of July and a steady medium-term up-trend is in progress since then. This move can be enclosed within an upward moving trend channel. The key long-term support for this stock is at Rs 572 and two weekly closes below this level need to be recorded for the long-term view to turn negative.

The stock will face strong resistances at Rs 750 and then at Rs 800 in the near-term. A sideways move between Rs 600 and Rs 800 is possible over the next couple of months. Short-term supports are at Rs 610 and Rs 600.

SBI

State Bank of India moved higher in line with our expectation and achieved the first short-term target at Rs 1,570. Though the bearish engulfing candle recorded on Friday has marred the short-term picture, traders can hold their long positions as long as the stock trades above Rs 1,330. An upward reversal from these levels can take the stock higher to Rs 1,640 or Rs 1,750 in the near-term.

SBI is holding very steady amidst all the turmoil and the medium-term outlook for the stock remains positive.

The stock has the potential to rally to Rs 1,813, once it gets past Rs 1,570. Close below Rs 1,250 is required to negate the positive medium-term outlook.

Tata Steel

Tata Steel continued plunging into an abyss recording yet another 14 per cent weekly decline. The stock has also sliced through the support at Rs 275. It needs to recover next week and record a weekly close above Rs 295 to salvage the situation. Else, it can head towards the next long-term support at Rs 156.

Though daily and weekly momentum indicators are deeply over sold, the near-term trend in the stock remains negative. The stock can decline to Rs 214 or Rs 193 in the short-term. A trough is likely to formed soon, which can be followed by some sideways movement at lower levels. Resistance levels for the week ahead would be at Rs 328 and then Rs 350.

Reliance Ind

RIL recorded an intra-week peak at Rs 1,668 and closed 22 per cent lower from that level on Friday.

The stock has moved to the long-term support at Rs 1,290, which is at the 61.8 per cent retracement of the entire up-move from the 2002 trough. But the weekly close at the lowest point is a negative and denotes there can be further price erosion next week. Immediate support on the chart is at Rs 1,200 and Rs 1,140.

A close below Rs 1,250 can usher in a decline to the August 2006 trough at Rs 960 or further to Rs 810.

Fresh short positions are, however, recommended only on a move below Rs 1,250. Resistances for the week are at Rs 1,668 and Rs 1,704.

The way the FII action unfolded this year

FII selling in Sensex stocks has not been significant, changes in shareholding patterns between June and September 2008 show. FIIs have also marginally increased stakes in 8 out of 25 companies for which data is out.

--

Arvind Parekh
+ 91 98432 32381

Strong & Weak futures
This is list of 10 Strong Futures:

Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.

And this is the list of 10 Weak Futures:

Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, z Nagarjuna constr & Ndtv Ltd.

Nifty is in Down Trend.

FII Data

FII

17/10: -915.54 Cr. (Prov)

DII

17/10: 712.77 Cr. (Prov)

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

INTRADAY CALLS LIVE UPDATED BELOW

NIFTY FUTURES LEVELS TODAY ARE
2831 3025 3089 3121 3185 3220 3280 3306 3353 3368

NIFTY FUT: If downtrend continues then it will fall up to 2831.70-2833.70 zone. Rallies up to 3113.10 can be used to sell. SL at 3400.65-3402.65 zone.

NIFTY FUT: If downtrend continues then it will fall up to 3089.10-3091.10 zone. Rallies up to 3177.45 can be used to sell. SL at 3400.65-3402.65 zone.

NIFTY FUT: SL triggered. Short Covering should continue up to 3400.65-3402.65 zone. Corrections up to 3282.15 can be used to buy. SL at 3185.60-3187.60 zone.

NIFTY FUT: Sell with a Stop Loss of 3306.15 level. Target at 3185.60-3187.60 zone

Infosys Says Technology-Spending Slump Will Become Widespread. Negative for this stock.

SHORT RELIANCE FUT 1403 SL 1420 TGT 1380-1365

Futures: Buy ABB FUTURES (NSE CMP 684.00). Stop Loss at 680.00 level.

BUY LT FUT 832 SL 810 TGT 850-868-875
Cash Market Intra-Day: Buy COREPROTEC (NSE Cash CMP 56.70) for Intra-Day gains. Stop Loss at 55.70 level.

CASH MARKET CALL

Buy FINCABLES (NSE Cash CMP 30.85).

OUTLOOK FOR TODAY 17TH OCT 2008
GM
Don't Couny what U lost; Cherish what u have and plan what to Gain; Bcoz Past Never Returns But the Future Will Definetly Return the Lost

Headlines for the day

Corporate News Headline

HCL Technology reported Q2'09 results, revenue increased by 38.6% to Rs. 23.69 bn and net income as per US accounting standards rose 15.5% to Rs. 3.56 bn. (BS)

Orchid Chemicals and Pharmaceuticals received approvals from the USFDA for three of its Abbreviated New Drug Application for Cefuroxime for Injection. (BS)

Jindal Drilling & Industries bagged a USD 165 mn order for leasing its rig to state-run Oil and Natural Gas Corporation. (ET)

Economic and Political Headline

India's inflation rate as measured by the wholesale price index stood at 11.44% for the week ended October 4, as compared to 11.8% for the previous week, on account of decline in prices of manufactured goods. (ET)

The government deferred a decision on hiking Foreign Direct Investment cap in insurance sector to 49% from 26%, as it watches for the impact of the global financial crisis. (ET)

The US industrial output fell 6% and a factory index hit an 18-year low in September as the credit crisis intensified. (Bloomberg)

NIFTY FUTURES (F & O)

Above 3304 level, expect short covering up to 3368-3370 zone by non-stop.

Support at 3220 & 3280 levels. Below these levels, selling may continue up to 3186-3188 zone and thereafter slide may continue up to 3121-3123 zone.

Below 3089-3091 zone, expect panic up to 3025-3027 zone and thereafter it can tumble up to 2993-2995 zone.

On Positive Side, supply expected at around 3401-3403 zone. Stop Loss at 3465-3467 zone.

Short-Term Investors:

Short-Term Upward Target at 3497-3499 zone (or) at 3562-3564 zone.

Short-Term Support at at 2896-2898 zone.

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

DLF (NSE Cash): Book Profits in this scrip. Technically Profit Booking expected.

Hurdle at 384 level. Supply expected at around this level. This supply should get absorbed too.

Support at 266 level. Should not be allowed to break at any cost.

HOUSING DEV & INFRA FUTURES (NSE): Book Profits in this scrip. Technically Profit Booking expected.

Hurdle at 152 level. Supply expected at around this level. This supply should get absorbed too.

Support at 102 level. Should not be allowed to break at any cost.

------------ Strong & Weak futures
This is list of 10 Strong Futures:
Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro.

And this is the list of 10 Weak Futures:
Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr.
--------
FII DATA
FII
16/10: -1160.63 Cr. (Prov)
DII
16/10: 737.77 Cr. (Prov)
----------

The Dow Jones Industrial Average closed at 8,979.26. Up by 401.35 points.

The Broader S&P 500 closed at 946.43. Up by 38.59 points.

The Nasdaq Composite Index closed at 1,717.71. Up by 89.38 points.

The partially convertible rupee <INR=IN> closed at 48.82/83 per dollar on yesterday, weaker than Wednesday's close of 48.525/540.

----------

REALTY INDEX Stocks May Zoom

---------
Arvind Parekh
+ 91 98432 32381

If market satisfying measures taken then automatically market will move up. Like Petro Price Cut and Rate Cuts. Govt need not direct MF's to buy.
FII DATA
FII
16/10: -1160.63 Cr. (Prov)
DII
16/10: 737.77 Cr. (Prov)
Strong & Weak futures
This is list of 10 Strong Futures:
Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro.

And this is the list of 10 Weak Futures:
Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr.

----------------------------------
NIFTY FUT: If uptrend continues then it will zoom up to 3338.60-3340.60 zone. Corrections up to 3236.05 can be used to buy. SL at 3074.95-3076.95 zone.

Will it be petro price cut? Announcement is on Cards.

Nifty Oct Futures Levels Today are

3074 3101 3156 3179 3196 3239 3258 3319 3353 3379

Inflation data for this week is as follows: The benchmark figure for this week is 11.44% as compared to 11.80% last week.

We estimated Forecast for India's wholesale prices index change for the week ended Oct. 4 at around 11.59 %. We thought data may be released at around 6.00 PM. But Inflation data (11.44%) was out at around 11.29 AM itself.

INTRADAY CALLS

NIFTY FUT: If uptrend continues then it will zoom up to 3258.05-3260.05 zone. Corrections up to 3195.75 can be used to buy. SL at 3074.95-3076.95 zone.
NIFTY FUT: Unwinding should continue up to 3074.95-3076.95 zone. Rallies up to 3179.50 can be used to exit. SL at 3237.90-3239.90 zone.

Cash Market Intra-Day: Buy DRREDDY (NSE Cash CMP 464.00) for Intra-Day gains. Stop Loss at 460.00 level.

NIFTY FUT: SL triggered. Unwinding should continue up to 3135.35-3137.35 zone. Rallies up to 3179.50 can be used to exit. SL at 3237.90-3239.90 zone.

Cash Market Intra-Day: Buy HINDPETRO (NSE Cash CMP 230.00) for Intra-Day gains. Stop Loss at 226.00 level.

NIFTY FUT: Buy with a Stop Loss of 3155.50 level. Target at 3237.90-3239.90 zone.

OUTLOOK FOR TODAY 16TH OCT 2008
Strong & Weak futures
This is list of 10 Strong Futures:

Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk..

And this is the list of 10 Weak Futures:

AIvrcl, Ndtv, Aptech, Ivr prime, Niit, Wel guj, Aban, Bajaj hind Jindal Steel & Nagar const.

Nifty is in Down Trend.

Headlines for the day

Corporate News Headline
L&T reported Q2'09 result, its total income increased by 42% yoy to Rs. 78.42 bn and net profit increased by 32% yoy to Rs. 4.6 bn. (BS)
Tata Steel said the pension funds for its Corus unit had a surplus of USD 1 bn for the three months period ended June 30, 2008 and it is estimated to be higher in September quarter. (BS)
Sterlite Industries sought a reduction in its earlier valuation for the US-based copper miner Asarco, due to the liquidity crisis and weak copper prices. (BS)

Economic and Political Headline
The Reserve Bank of India cut the Cash Reserve Ratio further by 100 basis points to 6.5% of NDTL with effect from the current reporting fortnight that began on October 11, 2008. (ET)
The Reserve Bank of India decided to provide Rs. 250 bn for lending to financial institutions. (ET)
The US consumer purchases fell 1.2% in September, as a weak job market and the credit crunch scared consumers and slowed the big engine of the economy. (Bloomberg)

NIFTY FUTURES (F & O)

Selling may continue up to 3319 level for time being.

Hurdles at 3353 & 3379 levels. Above these levels, expect short covering up to 3439-3441 zone by non-stop.

Sell if touches 3500-3502 zone. Stop Loss is too far on upper side and can be placed at around 3600-3602 zone.

On Negative Side, if breaks & sustains at below 3256-3258 zone then downtrend may continue and have caution.

Short-Term Investors:

Reversal (Negative) is seen. Exit on Rallies.

Short-Term Upward Target at 3661-3663 zone.

Short-Term Support at at 3196-3198 zone.

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

PRAJ INDS (NSE Cash): Likely to Fall

. Technically it should go down.

If breaks & sustains at below 73 level then Profit Booking may start.

Hurdle at 95 level. Supply expected at around this level. This supply should get absorbed too.

PUNJ LLOYD FUTURES (NSE): Likely to Fall.

Technically it should go down.

If breaks & sustains at below 171 level then selling may continue.

Hurdle at 193 level. Supply expected at around this level. This supply should get absorbed too.

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

FII DATA

FII

15/10: -1030.79 Cr. (Prov)

DII

15/10: 669.96 Cr. (Prov)

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

The Dow Jones Industrial Average closed at 8,577.91. Down by 733.08 points.

The Broader S&P 500 closed at 907.84. Down by 90.17 points.

The Nasdaq Composite Index closed at 1,628.33. Down by 150.68 points.

The partially convertible rupee <INR=IN> ended at 48.525/540 per dollar on yesterday, weaker than 48.04/06 at close on Tuesday.

- to Market
1. US Market 2. US market 3. US Market 4. Asian Market 5. Sentiment 6. SGX nifty 7. Technical weakness 8. continuous selling buy FII 8. Liquidity problem 9. Brokerage firm's cash crunch 10. No investment buying 11. Every one expect the lower rate for investment

-----------------
Arvind Parekh
+ 91 98432 32381

NIFTY OCT FUTURE LEVELS TODAY

3280 3333 3362 3412 3416 3443 3467 3525 3538 3547 3575 3657

INTRADAY CALLS

NIFTY FUT:Unwinding should continue up to 3278.60-3280.60 zone.Rallies up to 3412.30 can be used to exit. SL at 3547.40-3549.40

Cash Market Intra-Day: Sell JINDALSTEL (NSE Cash CMP 770.00) for Intra-Day gains. Stop Loss at 774.00 level.

Cash Market Intra-Day: Buy DCHL (NSE Cash CMP 59.50) for Intra-Day gains. Stop Loss at 58.50 level.

NIFTY FUT: SL triggered. Unwinding should continue up to 3360.85-3362.85 zone. Rallies up to 3467.15 can be used to exit. SL at 3547.40-3549.40 zone.

NIFTY FUT: Buy with a Stop Loss of 3443.15 level. Target at 3547.40-3549.40 zone.

SENSEX (Pre-Market): Weak opening expected. Expected to open weak at around 260-280 points lower.

GM!!!! "Knowledge Doesn’t Pay – It is What You Do With it."

OUTLOOK FOR TODAY 15TH OCT 2008

NIFTY FUTURES (F & O)

Below 3525-3527 zone, selling may continue up to 3500 level.

Hurdles at 3538 & 3575 levels. Above these levels, expect short covering up to 3657-3659 zone and thereafter expect a jump up to 3739-3741 level by non-stop.

Supply expected at around 3767-3769 zone and have caution.

On Negative Side, rebound expected at around 3443-3445 zone. Stop Loss at 3416-3418 zone.

Short-Term Investors:

Short-Term Upward Target at 3849-3851 zone.

Short-Term Support at at 3333-3335 zone.

Strong & Weak futures
This is list of 10 Strong Futures:
Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk..
And this is the list of 10 Weak Futures:
Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr.
Nifty is in Down Trend.

Headlines for the day

Corporate News Headline

Tata Motors bought 50.3% of Norwegian electric vehicle firm Miljoe Grenland/Innovasjon for Rs. 94 mn through its UK subsidiary, Tata Motors European Technical Centre Plc. (ET)

Allahabad Bank entered into a Memorandum of Understanding with Kotak Mahindra Old Mutual Life Insurance. (BS)

Elecon Engineering bagged three orders by reputed clients namely Techpro Systems Chennai and Sail-Durgapur Steel Plant, worth Rs. 517.4 mn. (BS)

Economic and Political Headline
The Reserve Bank of India would allow Indian commercial banks to accept as collateral certificate of deposits held by mutual funds for the next 15 days. (ET)
India exceeded the export target for 2007-08 by USD 3 bn achieving an overall growth rate of about 29%, appreciation of rupee notwithstanding. (ET)
The US government is expected to take stakes in nine of the nation´s top financial institutions as part of a new plan to restore confidence to the battered the US banking system, a far-reaching effort that puts the government´s guarantee behind the basic plumbing of financial markets. (WSJ)
-------------------

GUJ NRE COKE (NSE Cash): Avoid Short Selling

in this scrip. Rebound expected.

Support at 26 level

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

Hurdle at 41 level.

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

ISPAT INDUSTRIES FUTURES (NSE): Avoid Short

Selling in this scrip. Rebound expected.

Support at 12 level

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

Hurdle at 18 level.

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

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

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

FII DATA

FII

14/10: 898.25 Cr. (Prov)

DII

14/10: -252.37 Cr. (Prov)

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

The Dow Jones Industrial Average closed at 9,310.99. Down by 76.62 points.

The Broader S&P 500 closed at 998.01. Down by 5.34 points.

The Nasdaq Composite Index closed at 1,779.01. Down by 65.24 points.

The partially convertible rupee <INR=IN> ended at 48.04/06 per dollar on yesterday, stronger than 48.25/27 at the close on Monday.

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

--
Arvind Parekh
+ 91 98432 32381

Strong & Weak futures
This is list of 10 Strong Futures:
Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk..
And this is the list of 10 Weak Futures:
Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr.
Nifty is in Down Trend.

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

FII DATA

FII

14/10: 898.25 Cr. (Prov)

DII

14/10: -252.37 Cr. (Prov)

INTRADAY

NIFTY FUT: Unwinding should continue up to 3365.00-3367.00 zone. Rallies up to 3568.00 can be used to exit. SL at 3722.60-3724.60 zone.

NIFTY FUT: Unwinding should continue up to 3544.00-3546.00 zone. Rallies up to 3657.50 can be used to exit. SL at 3722.60-3724.60 zone

BUY STER FUT 330-332 SL 318 TGT 350-360.

Cash Market Intra-Day: Sell ORCHIDCHEM (NSE Cash CMP 184.45) for Intra-Day gains. Stop Loss at 188.45 level.

Cash Market Intra-Day: Sell BRFL (NSE Cash CMP 230.85) for Intra-Day gains. Stop Loss at 234.85 level.

BUY RPOWER FUT 134 SL 131 TGT 140-144.

BUY SBIN FUT 1530 SL 1510 TGT 1560-1575

BUY RESURGERE 93.80 SL 91.50 TGT 100

Cash Market Intra-Day: Buy SKUMARSYNF (NSE Cash CMP 37.35) for Intra-Day gains. Stop Loss at 36.35 level.

NIFTY FUT: SL triggered. Unwinding should continue up to 3611.10-3613.10 zone. Rallies up to 3657.50 can be used to exit. SL at 3722.60-3724.60 zone.

NIFTY FUT: Buy with a Stop Loss of 3633.50 level. Target at 3722.60-3724.60 zone.

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

OUTLOOK FOR TODAY 14TH OCT 2008

NIFTY SPOT
Resistance 3576.30 3661.90 3813.60
Support 3339.00 3187.30 3101.70
SENSEX LEVELS
Resistance 11507.71 11706.34 12051.35
Support 10964.07 10619.06 10420.43

Headlines for the day

Corporate News Headline
Axis Bank reported 76.85% surge in net profit to Rs. 4.02 bn on 57.3% rise in total income to Rs. 32.39 bn in Q2 September 2008 over Q2 September 2007. (BS)
Sterlite Technologies bagged a contract of Rs. 24 bn from a telecom firm in Sub-Sahara Africa. (ET)
TCS signed a deal worth Rs. 10 bn with the ministry of external affairs for setting up and managing a project to quicken the issue of passports. (BS)

Economic and Political Headline
Relaxing the norms for exchange- traded interest derivatives, the Reserve Bank allowed banks to take trading positions in the Interest Rate Futures. (ET)
The Prime Minister´s Advisory Council pitched for more cuts in the statutory liquidity and mandatory cash deposits that banks are required to keep with the RBI. (ET)
The ECB, the Bank of England, and the Swiss central bank decided to offer unlimited dollar funds in auctions with maturities of seven days, 28 days, and 84 days at a fixed interest rate. (Bloomberg)

Strong & Weak futures
This is list of 10 Strong Futures:
Mosear Baer, maruti, Bob, Sbin, Ubi, Indian bk, Bharat petro, Ntpc, Obc & Pnb.

And this is the list of 10 Weak Futures:
Bombay Dyein, India infoline, Aban, Peninsula land, Nagarjuna Constr, HDIL, Ivr prime,Welspun Guj St, Bajaj Hind & Niit.

FII DATA
FII
13/10: -1060.60 Cr. (Prov)
DII
13/10: 582.31 Cr. (Prov)

NIFTY FUTURES (F & O)

Rally may continue up to 3566 level for time being.

Support at 3501 & 3524 levels

. Below these levels, expect profit booking up to 3432-3434 zone by non-stop.

Buy if touches 3365-3367 zone. Stop Loss is too far on down side and can be placed at around 3208-3210 zone.

On Positive Side, if crosses & sustains at above 3633-3635 zone then uptrend may continue.

Short-Term Investors:

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

Short-Term Upward Target at 3700-3702 zone.

Short-Term Support at at 3141-3143 zone.

----------

SUZLON ENERGY (NSE Cash):

Likely to go up. Technically buying should continue.

If crosses & sustains at above 115 level then uptrend may continue.

Support at 85 level.

Should not be allowed to break at any cost.

CROMPTON GREAVES FUTURES (NSE): Likely to go up. Technically buying should continue.

If crosses & sustains at above 225 level then uptrend may continue.

Support at 197 level.

Should not be allowed to break at any cost.

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

The Dow Jones Industrial Average closed at 9,387.61. Up by 936.42 points.

The Broader S&P 500 closed at 1003.35. Up by 104.13 points.

The Nasdaq Composite Index closed at 1,844.25. Up by 194.74 points.

The partially convertible rupee <INR=IN> ended at 48.25/27 per dollar on yesterday, stronger than 48.38/43 at close on Friday.

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

--
Arvind Parekh
+ 91 98432 32381