Strong & Weak futures
This is list of 10 Strong Futures:
Mosear baer, Boi, Ubi, Obc, Bob, Maruti, Glt ltd, Sbi, pnb & J&k bk..
And this is the list of 10 Weak Futures:
Aban, Jsw steel, Bombay dyein, Peninsula, Niit, Ivr prime urban, Welspun guj st., Bajaj hind, India infoline & Nagarjuna constr.
Nifty is in Down Trend.
NIFTY FUT: Unwinding should continue up to 3365.00-3367.00 zone. Rallies up to 3568.00 can be used to exit. SL at 3722.60-3724.60 zone.
NIFTY FUT: Unwinding should continue up to 3544.00-3546.00 zone. Rallies up to 3657.50 can be used to exit. SL at 3722.60-3724.60 zone
BUY STER FUT 330-332 SL 318 TGT 350-360.
Cash Market Intra-Day: Sell ORCHIDCHEM (NSE Cash CMP 184.45) for Intra-Day gains. Stop Loss at 188.45 level.
Cash Market Intra-Day: Sell BRFL (NSE Cash CMP 230.85) for Intra-Day gains. Stop Loss at 234.85 level.
Cash Market Intra-Day: Buy SKUMARSYNF (NSE Cash CMP 37.35) for Intra-Day gains. Stop Loss at 36.35 level.
NIFTY FUT: SL triggered. Unwinding should continue up to 3611.10-3613.10 zone. Rallies up to 3657.50 can be used to exit. SL at 3722.60-3724.60 zone.
NIFTY FUT: Buy with a Stop Loss of 3633.50 level. Target at 3722.60-3724.60 zone.
Resistance 3576.30 3661.90 3813.60
Support 3339.00 3187.30 3101.70
SENSEX LEVELS
Resistance 11507.71 11706.34 12051.35
Support 10964.07 10619.06 10420.43
Headlines for the day
Corporate News HeadlineAxis Bank reported 76.85% surge in net profit to Rs. 4.02 bn on 57.3% rise in total income to Rs. 32.39 bn in Q2 September 2008 over Q2 September 2007. (BS)
Sterlite Technologies bagged a contract of Rs. 24 bn from a telecom firm in Sub-Sahara Africa. (ET)
TCS signed a deal worth Rs. 10 bn with the ministry of external affairs for setting up and managing a project to quicken the issue of passports. (BS)
Economic and Political Headline
Relaxing the norms for exchange- traded interest derivatives, the Reserve Bank allowed banks to take trading positions in the Interest Rate Futures. (ET)
The Prime Minister´s Advisory Council pitched for more cuts in the statutory liquidity and mandatory cash deposits that banks are required to keep with the RBI. (ET)
The ECB, the Bank of England, and the Swiss central bank decided to offer unlimited dollar funds in auctions with maturities of seven days, 28 days, and 84 days at a fixed interest rate. (Bloomberg)
Strong & Weak futures
This is list of 10 Strong Futures:
Mosear Baer, maruti, Bob, Sbin, Ubi, Indian bk, Bharat petro, Ntpc, Obc & Pnb.
And this is the list of 10 Weak Futures:
Bombay Dyein, India infoline, Aban, Peninsula land, Nagarjuna Constr, HDIL, Ivr prime,Welspun Guj St, Bajaj Hind & Niit.
FII DATA
FII
13/10: -1060.60 Cr. (Prov)
DII
13/10: 582.31 Cr. (Prov)
NIFTY FUTURES (F & O)
Rally may continue up to 3566 level for time being.
Support at 3501 & 3524 levels
. Below these levels, expect profit booking up to 3432-3434 zone by non-stop.Buy if touches 3365-3367 zone. Stop Loss is too far on down side and can be placed at around 3208-3210 zone.
On Positive Side, if crosses & sustains at above 3633-3635 zone then uptrend may continue.
Short-Term Investors:
Reversal (Positive) is seen. Avoid Short Selling at lower levels.
Short-Term Upward Target at 3700-3702 zone.
Short-Term Support at at 3141-3143 zone.
----------SUZLON ENERGY (NSE Cash):
Likely to go up. Technically buying should continue.If crosses & sustains at above 115 level then uptrend may continue.
Support at 85 level.
Should not be allowed to break at any cost.CROMPTON GREAVES FUTURES (NSE): Likely to go up. Technically buying should continue.
If crosses & sustains at above 225 level then uptrend may continue.
Support at 197 level.
Should not be allowed to break at any cost. ------------The Dow Jones Industrial Average closed at 9,387.61. Up by 936.42 points.
The Broader S&P 500 closed at 1003.35. Up by 104.13 points.
The Nasdaq Composite Index closed at 1,844.25. Up by 194.74 points.
The partially convertible rupee <INR=IN> ended at 48.25/27 per dollar on yesterday, stronger than 48.38/43 at close on Friday.
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Arvind Parekh
+ 91 98432 32381
