FII Data

FII
20/08: -447.34 Cr. (Prov)
DII
20/08: 205.60 Cr. (Prov)

Sent on my BlackBerry® from Vodafone Essar

only positional traders

ONLY COVER INFOSYS AND REST HOLD OTHER SHORTS AND SHORT MORE NEAR 4450-4470 LEVELS.
Sent on my BlackBerry® from Vodafone Essar

sl hit

NIFTY FUT: SL triggered. Short Covering should continue up to 4452.25-4454.25 zone. Corrections up to 4399.90 can be used to buy. SL at 4369.55-4371.55 zone.

only positional traders

COVER YOUR INFOSYS SHORTS ONCE AND CARRY ALL OTHERS.KEEP SOME FREE MARGINS SO THAT IF NIFTY BOUNCES BACK TO 4450,YOU CAN SHORT MORE.
Sent on my BlackBerry® from Vodafone Essar

SELL INDEX

NIFTY FUT: Sell with a Stop Loss of 4423.90 level. Target at 4369.55-4371.55 zone.

only positional traders

HOLD YOUR SHORTS IN RELIANCE,ONGC,BANKINDIA,INFOSYS ALSO.
Sent on my BlackBerry® from Vodafone Essar

only positional traders

BUYBACK NIFTY 4500 PUTS FOR A TARGET OF 180,200.SHORT ITC FOR A TARGET OF 180,178.
Sent on my BlackBerry® from Vodafone Essar

only positional traders

SHORT NIFTY AGAIN TGT 4330,4280.KEEP INCREASING YOUR SHORTS TILL 4450.SHORT EDUCOMP AGAIN TGT 3260,3190.SHORT ITC TGT 180,178.SHORT RCAP TGT 1245,1220.
Sent on my BlackBerry® from Vodafone Essar

SELL SUGARS

Futures: RENUKA FUTURES (NSE CMP 129.75) may go down. Sell with a Stop Loss of 131.75 level.

only positional traders

SHORT NIFTY AGAIN TGT 4330,4280.KEEP INCREASING YOUR SHORTS TILL 4450.SHORT EDUCOMP AGAIN TGT 3260,3190.SHORT ITC TGT 180,178.SHORT RCAP TGT 1245,1220.
Sent on my BlackBerry® from Vodafone Essar

buy cash market

Cash Market Intra-Day: RNRL (NSE Cash CMP 97.45) going up. Technically it should have gone down. Interesting. Buy with a SL of 96.45.

OUTLOOK FOR THE DAY 20TH AUG 2008

 GM!!! "Every Happening, Great And Small, is A Parable Whereby God Speaks To Us,And The Art Of Life is To Get The Message."

 

 

 

NIFTY FUTURES (F & O)

Below 4361 level, expect selling up to 4349-4351 zone and thereafter slide

may continue up to 4329-4331 zone.

Hurdle at 4400-4402 zone. Above this zone, expect short covering up to 4412-4414 zone and thereafter it can touch 4432-4434 zone.

Sell if touches 4442-4444 zone on Upper Side.

Stop Loss at 4452-4454 zone.

On Negative Side, break below 4319-4321

zone can create panic up to 4309-4311 zone and thereafter expect free fall too.

Short-Term Investors:

Short-Term Upward Target at 4483-4485 zone.

Short-Term Support at at 4279-4281 zone.

Headlines for the day

    Corporate News Headline
    ICICI Bank entered into a USD 250 mn agreement with Export-Import Bank of the US to finance capital goods imports of Indian corporate from the USA. (ET)
    BHEL has set an ambitious target to increase earnings from exports six-fold to Rs. 80 bn in the next four years. (BS)
    TCS is close to acquiring Citigroup's captive back office unit in India for about USD 500-USD 550 mn. (ET)
 Economic and Political Headline
    The government has set a target of generating 14,000 MW additional powers through renewable resources in the 11th Five-Year Plan. (ET)
    The government has stepped up scrutiny of FDI proposals to check tax loss arising from treaty shopping and 'round tripping'. (BS)
    The US producer prices unexpectedly soared 1.2% as rising wholesale prices for energy spread to a variety of products including automobiles, prescription drugs, and capital equipment. (WSJ)

RELIANCE INFRASTRUCTURE (NSE Cash):

Likely to Fall. Good work by bulls on yesterday & their hard work mey get wasted.

If breaks & sustains at below 963

level then downtrend may start.

Hurdle at 1074 level. Supply expected at around this level. This supply should get absorbed too.

HINDALCO FUTURES (NSE): Likely to Fall

. Superb work by bulls on yesterday & it looks like short covering.

If breaks & sustains at below 130 level then downtrend may start.

Hurdle at 134 level. Supply expected at around this level. This supply should get absorbed too.

---

The Dow Jones Industrial Average closed at 11,348.55. Down by 130.84 points.

The Broader S&P 500 closed at 1,266.69. Down by 11.91 points.

The Nasdaq Composite Index closed at 2,384.36. Down by 32.62 points.

Currency markets closed on yesterday for a public holiday.

----

Sell SENSEX Stocks

-----

Trading Calls 20th Aug 2008

Counters in the +ve

SUGAR, OIL&refin, FMCG, Bergepaint, Megasoft, Visesinfo, Patni, Bongairefn,

Buy Bajajhind-181 above 183 for 190 with sl 181

Buy Balramchin-96 for 102 with sl 94

Buy Colpal-419 above 423 for 427-432 with sl 420

Short ACC-560 below 555 for 532 with sl 560 [Trading]

Short Hindzinc-544 below 540 for 530 with sl 544

Short Satyam-404 below 400 for 385 with sl 405

Short LicHousng-330 for 318 with sl 335

-----------

+ve to Market

1. Rs.Vs$,

-ve to Market

1. US Market, 2. FII selling & Diversification money from Equity to Debt. 3. Profit Booking 4. Inflation worries 4. Gold decline 5. Crude 6. Global slowdown in industrial growth. 7. Asian Market

 -------

Strong & Weak futures

This is list of 10 Strong Future Stocks:

Polaris,Strides Arcolab,Balrampur Ch,Ansal Prop & Inf,Aia Engineering,Bongaigaon R,Rolta(I)lt.,Cummins India L,Triveni Engg.& Network 18 Finca

And this is the list of 10 Weak stocks ;

Houhing Dev & In,Reli.com.,NDTV,Amtek,Bombay Deyin,S Kumar,Aban,Rajesh Exports,Infra Dev.& Tisco.

 

--
Arvind Parekh
+ 91 98432 32381