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.

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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.

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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.

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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.

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Sell METAL INDEX Stocks

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--
Arvind Parekh
+ 91 98432 32381