FII DATA
FII
19/09: 1016.18 Cr. (Prov)
DII
19/09: 43.91 Cr. (Prov)
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INTRADAY CALLS

NIFTY SL triggered.Short Covering should continue up to 4311.35-4313.35 zone.Corrections up to 4191.50 can be used to buy. SL at 4093.60-4095.60

NIFTY FUT: Sell with a Stop Loss of 4215.50 level. Target at 4093.60-4095.60 zone.

Cash Market Intra-Day: SESAGOA (NSE Cash CMP 102.30) going down. Sell with a Stop Loss of 104.30 level.

Cash Market Delivery: Buy ICICIBANK (NSE CMP 593.55) and HOLD for 1 Week.Can buy 25% now and remaining later.Not for Day-Traders.

Cash Market Delivery: Buy RELIANCE (NSE CMP 1985.00) and HOLD for 1 Week. Can buy 25% now and remaining later. Not for Day-Traders.

Positional trades

SHORT NIFTY WITH A STOPLOSS OF 4225,Tgt4110,4050.BUY NIFTY OCTOBER 4000 PUT TARGET170,200.AVERAGE IN YOUR YESTERDAY SHORTS IN STOCKS RIGHT NOW

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Headlines for the day

Corporate News Headline

KEC International bagged two orders worth Rs. 1.79 bn from NTPC Electric Supply Company and Power Grid Corporation. (BS)

Pratibha Industries secured a contract worth Rs. 1.56 bn for design, construction etc of water supply scheme along with ancillary work from Delhi Jal Board. (BS)

Jai Balaji is planning to set up a 5MT integrated steel plant and a 1,215 MW captive power plant on investment of Rs. 160 bn. (ET)

Economic and Political Headline

The wholesale price index based annual rate of inflation rate stood at 12.14% for the week ended September 6, 2008, as against 3.46% a year ago. (ET)

The Finance Minister P Chidambaram said more steps would be taken to provide liquidity to tide over credit tightening in the aftermath of fresh global financial market turmoil. (BS)

The world´s major central banks banded together to flood global money markets with massive amounts of the US dollars, in hopes of taming a major source of the tensions rocking the financial system. (WSJ)

NIFTY FUTURES (F & O)

Rally may continue up to 4083-4085 zone by non-stop.

Support at 3998 & 4034 levels

. Below these levels, expect profit booking up to 3898-3900 zone.

Below 3800-3802 zone, it can tumble up to 3702-3704 zone by non-stop.

On Positive Side, supply expected at around 4181-4183 zone. This supply should get absorbed too.

Short-Term Investors:

Short-Term Upward Target at 4279-4281 zone.

Short-Term Support at at 3604-3606 zone.

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Strong & Weak futures

This is list of 10 Strong Future:

IOB, BOB, Maruti, Mosear, Jindal Saw, PNB, HPCL, Indian Bk, BPCl & Union Bk..

And this is the list of 10 Weak stocks:

Adlabs Films, Unitech, Polaris Software, KPIT, Rajesh Export, NIIT, Peninsula Land, Ranbaxy & HDIL.

Nifty is in Down Trend.

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BHARAT PETROLEUM (NSE Cash):

Book Profits in this scrip. Technically Profit Booking should happen.

Hurdle at 370 level. Supply expected at around this level. This supply should get absorbed too.

Support at 340 level.

Should not be allowed to break at any cost.

RELIANCE INDS FUTURES (NSE): Book Profits in this scrip. Technically Profit Booking should happen.

Hurdle at 1981 level. Supply expected at around this level. This supply should get absorbed too.

Support at 1890 level

. Should not be allowed to break at any cost.

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The Dow Jones Industrial Average closed at 11,019.69. Up by 410.03 points.

The Broader S&P 500 closed at 1,206.51. Up by 50.12 points.

The Nasdaq Composite Index closed at 2,199.10. Up by 100.25 points.

The partially convertible rupee <INR=IN> ended at 46.42/43 per dollar on yesterday, weaker than 46.33/35 at close on Wednesday.

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OIL & GAS INDEX Stocks May Zoom

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Market may open with big gap up

So pre-market calls will not works today

Profit booking will come at the all resistance

Be cautious on market

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+ve to Market

1. US Market 2. Asian Market 3. Crude 4. Technical pullback 5. SGX nifty +200

--

Arvind Parekh

+ 91 98432 32381