Cash Market Intra-Day: Sell MATRIXLABS (NSE Cash CMP 104.80) for Intra-Day gains. Stop Loss at 106.80 level.
Cash Market Intra-Day: Buy DRREDDY (NSE Cash CMP 480.00) for Intra-Day gains. Stop Loss at 476.00 level.
Cash Market Intra-Day: Buy HINDOILEXP (NSE Cash CMP 85.60) for Intra-Day gains. Stop Loss at 83.60 level.
NIFTY FUT: SL triggered. Short Covering should continue up to 3562.75-3564.75 zone. Corrections up to 3438.75 can be used to buy. SL at 3336.80-3338.80 zone.
Solution may be "Rate Cuts". Let us see what Government is going to do?
NIFTY FUT: If downtrend continues then it will fall up to 3336.80-3338.80 zone. Rallies up to 3462.75 can be used to sell. SL at 3513.75 level.
INTRADAY CALL SHORT REL CAP FUT BELOW 980 SL 998 TGT 950-930
Consolidated Construction Consortium has bagged a Rs. 1,212 cr order from the Airports Authority of India for the expansion of Chennai airport terminal. (BS)
IVRCL Infrastructures & Projects has bagged Rs. 499.23 cr order for providing irrigation facilities to the Andhra Pradesh government. (ET)
BHEL eastern region will execute 38 projects totalling 13,828 MW in the Eleventh Plan period. (BS)
Economic and Political Headline
The finance ministry decided to allow the mining, exploration and refining companies to raise long-term overseas funds under its external commercial borrowing policy. (BS)
The government is planning to extend the subsidy for shipbuilding industry, a move that is likely to boost India´s share in the global market and create up to 2.5 mn new jobs. (ET)
The UK government is set to announce a broad bailout plan, which could cost nearly USD 80 bn, calls for the government to buy stakes in banks including RBS and Barclays. (WSJ)
This is list of 10 Strong Futures:
Nifty is in Down Trend.
DII
07/10: 548.29 Cr. (Prov)
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NIFTY FUTURES (F & O)
Profit Booking up to 3594 level will be healthy.
Hurdles at 3643 & 3665 levels.
Above 3741-3743 zone, buying may continue up to 3792-3794 zone by non-stop.
On Negative Side,
rebound expected at around 3566-3568 zone. Stop Loss at around 3515-3517 zone.Short-Term Investors:
Reversal (Positive) is seen. Avoid Short Selling at lower levels.
Short-Term Upward Target at 3818-3820 zone (or) at 3869-3871 zone.
Short-Term Support at at 3439-3441 zone (or) at 3490-3492 zone.
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BHEL (NSE Cash): Avoid Short Selling
in this scrip. Technically rebound expected.Support at 1438 level. Rebound expected
at around this level. If not, then problem for bulls too.Hurdle at 1560 level. Supply expected at around this level. This supply should get absorbed too.
PRAJ INDS FUTURES (NSE): Avoid Short Selling
in this scrip. Technically rebound expected.Support at 70 level
. Rebound expected at around this level. If not, then problem for bulls too.Hurdle at 92 level. Supply expected at around this level. This supply should get absorbed too.
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The Dow Jones Industrial Average closed at 9,447.11. Down by 508.39 points.
The Broader S&P 500 closed at 996.23. Down by 60.66 points.
The Nasdaq Composite Index closed at 1,754.88. Down by 108.08 points.
The partially convertible rupee <INR=IN> ended at 47.915/93 per dollar on yesterday, weaker than 47.80/81 at close on Monday.
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Sell CAPITAL GOODS Stocks
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: Federal Reserve Chairman Ben Bernanke warns that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The Fed chief's more gloomy assessment on Tuesday appeared to open the door wider to an interest rate cut on or before Oct. 28-29
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Arvind Parekh
+ 91 98432 32381
