NIFTY FUT: Short Covering should continue up to 4365.65-4367.65 zone. Corrections up to 4319.45 can be used to buy. SL at 4246.75-4248.75 zone.

INTRDAY BUY

Cash Market Intra-Day: RPL (NSE Cash CMP 157.45) going up. Buy with a Stop Loss of 155.45 level.

POSITIONAL TRADERS
CARRY NIFTY SHORTS AS OF NOW. NIFTY SPOT TARGET 4260 , 4240

INTRADAY SELL

IST TGT ACHIEVED NOW

NIFTY FUT: If downtrend continues then it will fall up to 4246.75-4248.75 zone. Rallies up to 4319.20 can be used to sell. SL at 4319.20 level.

NIFTY FUT: Sell with a Stop Loss of 4319.20 level. Target at 4283.10-4285.10 zone
ONLY POSITIONAL TRADERS
COVER INFOSYS,TCS SHORTS.IF ANYONE IS STILL SHORT IN EDUCOMP,KEEP A STOP OF 3880.
SHORT ICICI BANK TGT 640,630.
SHORT SBI TGT 1360,1330.
SHORT ONGC FOR A TARGET OF 985,975.
SHORT ITC FOR A TARGET OF 184,180.
BUY 4300 PUTS TARGET 170,200.

HOLD ALL YOUR OLD SHORTS,HOLD SAIL,SUZLON,RELINFRA,RCAP,BANKINDIA,RELIANCE.
IF SPOT NIFTY TRADES BELOW 4305,TGT 4280,4260.

Cash Market Intra-Day: NOIDATOLL (NSE Cash CMP 43.90) going up. Buy with a Stop Loss of 42.90 level.

OUTLOOK FOR TODAY 1st Sep

GM!!!!! "People Who Study Others Are Wise But Those Who Study Themselves Are Enlightened."

NIFTY FUTURES (F & O)

Below 4346 level, expect profit booking up to 4307-4309 zone by non-stop.

Hurdles at 4381 & 4390 levels.

Supply expected at around 4426-4428 zone. This supply should get absorbed too.

On Negative Side, rebound expected at around 4271-4273 zone. Stop Loss is too far on down side and can be placed at 4162-4164 zone.

Short-Term Investors:

Short-Term Upward Target at 4463-4465 zone.

Short-Term Support at at 4126-4128 zone.

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RELIANCE INFRASTRUCTURE (NSE Cash):

Avoid Short Selling in this scrip. Rebound expected.

Support at 969 level. Rebound expected at around this level. If not, then problem for bulls too.

Hurdle at 1026 level.

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

TATA MOTORS FUTURES (NSE):

Likely to Fall. Technically it should go down.

If breaks & sustains at below 427 level then downtrend may start and have caution.

Hurdle at 453 level. Supply expected at around this level. This supply should get absorbed too.

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The Dow Jones Industrial Average closed at 11,543.55. Down by 171.63 points.

The Broader S&P 500 closed at 1,282.83. Down by 17.85 points.

The Nasdaq Composite Index closed at 2,367.52. Down by 44.12 points.

The partially convertible rupee <INR=IN> ended at 43.935/945 per dollar on Friday, weaker than 43.78/79 at close on Thursday.

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Strong & Weak futures

This is list of 10 Strong Future

Cmc Ltd, Strides Arcolab, Ashok Leyl.L, Matrix Laborator,MPHASIS, Bambay rayon FAS, Punj Llyod, Indian Bk, Edu Com & Great Offshore.

And this is the list of 10 Weak stocks ;

Edelweiss, Hindalco, Aban, NDTV, Housing Dev India Info, Bongaigaon , Alstom Proj, Oswal Chem.& Chennai Petro

Nifty is in Down Trend.

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Counters in the +ve

Ashokley, DCHL, IndianB, Jindalsaw, Punjlloyd, SAIL

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-ve to Market

1. US Market 2. Continuous FII selling. 3. Technical weakness 4. Rumours 5. Expected IIP data in negative side 6. Short carried over. 7. Asian Market

--
Arvind Parekh
+ 91 98432 32381

HE