sell

FUTURES: Consider Selling in GRASIM FUTURES (NSE CMP 1962.00). SMS sent at 02.35 PM.
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BUY BANKS!

FUTURES: Consider Buying in HDFC FUTURES (NSE CMP 2403.35).

sell sell sell

NIFTY FUT: Unwinding should continue up to 4364.45-4366.45 zone. Rallies up to 4437.60 can be used to exit. SL at 4484.75-4486.75 zone.

only positional traders

IF INFOSYS TRADES BE,LOW 1700,SHORT IT FOR A TARGET OF 1660,1630.REST REMAIN SHORT IN ITC,ONGC,NIFTY,NIFTY PUTS.
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only positional traders

COVER YOUR EDUCOMP,BOOK PARTIAL PROFITS IN RELIANCE.COVER RCAP ONCE.BOOK PROFITS IN RCOM ALSO.BOOK 50% PROFITS IN 4500 PUTS.
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index sl hit

NIFTY FUT: SL triggered.

Unwinding should continue up to 4401.30-4403.30 zone. Rallies up to 4437.60 can be used to exit. SL at 4484.75-4486.75 zone.

only positional traders

REMAIN SHORT IN RCOM FOR A TARGET OF 410,405.MARKET IS WEAK TILL NIFTY IS TRADING BELOW 4490,SO AT HIGHER LEVELS,SHORT AGAIN FOR A TARGET OF 4380,4330.
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BUY CASH MARKET

Cash Market: HDFCBANK (NSE Cash CMP 1218.65) looks good. Expect small downside now and thereafter it will start move up.

only positional traders

IF RELIANCE TRADES BELOW 2250,CARRY RELIANCE SHORTS FOR A TARGET OF 2220,2170.

SHORT RCAP BELOW 1305,TGT 1270,1250.SHORT SBI FOR A TGT OF 1435,1400.
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ONLY POSITIONAL TRADERS

hold your shorts as of now, book partial profits in ONGC

BUY INDEX

NIFTY FUT: Buy with a Stop Loss of 4413.60 level. Target at 4484.75-4486.75 zone.

BUY IT STOCKS

Cash Market Intra-Day: Buy SATYAMCOMP (NSE CMP 424.60). Stop Loss at 417.80. Target at 431.15.

OUTLOOK FOR TODAY 18thy aug 2008

NIFTY FUTURES (F & O)

Hurdle at 4460 level. Above this level

, expect relief rally up to 4497-4499 zone by non-stop.

Support at 4416 & 4427 levels.

Do remember that, bulls need to protect 4377-4379 zone on down side. If not, then fall may continue.

On Positive Side, rallies up to 4534-4536

zone can be used to sell. Stop Loss is too far on upper side and can be placed at 4620-4622 zone.

Short-Term Investors:

Short-Term Upward Target at 4657-4659 zone.

Short-Term Support at at 4340-4342 zone.

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Headlines for the day

    Corporate News Headline
    BHEL is planning to investment of over Rs. 100 bn in the next four years to ramp up capacity to meeting the growing electricity needs. (ET)
    Sun Pharmaceuticals got the US Federal Trade Commission approval for the open offer made by it to shareholders of Israeli firm Taro. (BS)
    Idea Cellular deferred its open offer for an additional 20% stake in Spice Communications following a delay in approval for the same from the market regulator SEBI. (ET)
 Economic and Political Headline
    Inflation soared to a fresh 13-year high of 12.44% for the week ended August 2, on the back of rising food and fuel prices. (ET)
    The Finance Minister said that India would meet its fiscal deficit target for 2008/09 despite the pay increase for government workers. (ET)
    The US inflation soared to 5.6% from a year earlier in July, led by gains in food, energy, airline fares and apparel. (WSJ)

 

MPHASIS (NSE Cash): Likely to Zoom.

If crosses & sustains at above 236 level then uptrend may continue.

Support at 216 level. Should not be allowed to break at any cost.

INFOSYS FUTURES (NSE): Likely to Zoom.

If crosses & sustains at above 1791 level then uptrend may

continue.

Support at 1685 level. Should not be allowed to break at any cost.

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The Dow Jones Industrial Average closed at 11,659.90. Up by 43.97 points.

The Broader S&P 500 closed at 1,298.20. Up by 5.26 points.

The Nasdaq Composite Index closed at 2,452.52. Down by 1.15 points.

The partially convertible rupee ended at 43.01/02 per dollar on Thursday, weaker

than Wednesday's close of 42.65/66.

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Avoid Short Selling in PSU INDEX Stocks

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Strong & Weak futures

This is list of 10 Strong Future Stocks:

Polaris, AIA Eng,Aptech Training, Cummins, India Infoline, Triveni, Kpit, Strides Arco, Ansal Infra and Gail.

And this is the list of 10 Weak stocks

; NDTV,Bombay Dyeing,Amtek auto, HDIL, Aban, Rcom, Sterlig Bio, IDFC ,S Kumars and Hindalco.

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