Strong & Weak futures
This is list of 10 Strong Futures:
Nifty is in Down Trend.
2831 3025 3089 3121 3185 3220 3280 3306 3353 3368
NIFTY FUT: If downtrend continues then it will fall up to 3089.10-3091.10 zone. Rallies up to 3177.45 can be used to sell. SL at 3400.65-3402.65 zone.
NIFTY FUT: SL triggered. Short Covering should continue up to 3400.65-3402.65 zone. Corrections up to 3282.15 can be used to buy. SL at 3185.60-3187.60 zone.
NIFTY FUT: Sell with a Stop Loss of 3306.15 level. Target at 3185.60-3187.60 zone
Infosys Says Technology-Spending Slump Will Become Widespread. Negative for this stock.
Cash Market Intra-Day: Buy COREPROTEC (NSE Cash CMP 56.70) for Intra-Day gains. Stop Loss at 55.70 level.
CASH MARKET CALL
GM
Don't Couny what U lost; Cherish what u have and plan what to Gain; Bcoz Past Never Returns But the Future Will Definetly Return the Lost
Headlines for the day
Corporate News Headline
HCL Technology reported Q2'09 results, revenue increased by 38.6% to Rs. 23.69 bn and net income as per US accounting standards rose 15.5% to Rs. 3.56 bn. (BS)
Orchid Chemicals and Pharmaceuticals received approvals from the USFDA for three of its Abbreviated New Drug Application for Cefuroxime for Injection. (BS)
Jindal Drilling & Industries bagged a USD 165 mn order for leasing its rig to state-run Oil and Natural Gas Corporation. (ET)
Economic and Political Headline
India's inflation rate as measured by the wholesale price index stood at 11.44% for the week ended October 4, as compared to 11.8% for the previous week, on account of decline in prices of manufactured goods. (ET)
The government deferred a decision on hiking Foreign Direct Investment cap in insurance sector to 49% from 26%, as it watches for the impact of the global financial crisis. (ET)
The US industrial output fell 6% and a factory index hit an 18-year low in September as the credit crisis intensified. (Bloomberg)
NIFTY FUTURES (F & O)
Above 3304 level, expect short covering up to 3368-3370 zone by non-stop.
Support at 3220 & 3280 levels. Below these levels, selling may continue up to 3186-3188 zone and thereafter slide may continue up to 3121-3123 zone.
Below 3089-3091 zone, expect panic up to 3025-3027 zone and thereafter it can tumble up to 2993-2995 zone.
On Positive Side, supply expected at around 3401-3403 zone. Stop Loss at 3465-3467 zone.
Short-Term Investors:
Short-Term Upward Target at 3497-3499 zone (or) at 3562-3564 zone.
Short-Term Support at at 2896-2898 zone.
DLF (NSE Cash): Book Profits in this scrip. Technically Profit Booking expected.
Hurdle at 384 level. Supply expected at around this level. This supply should get absorbed too.
Support at 266 level. Should not be allowed to break at any cost.
HOUSING DEV & INFRA FUTURES (NSE): Book Profits in this scrip. Technically Profit Booking expected.
Hurdle at 152 level. Supply expected at around this level. This supply should get absorbed too.
Support at 102 level. Should not be allowed to break at any cost.
------------ Strong & Weak futures
This is list of 10 Strong Futures:
Ubi, Bob, Sbi, Bob, Gtl, Pnb, Obc, India overseas, Hind petrol & Bharat petro.
And this is the list of 10 Weak Futures:
Niit, Welspun guj. st., Suzlon energy, IVR prime, Ivrcl, Bajaj hind, Jsw steel, Ndtv & Nagarjuna constr.
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FII DATA
FII
16/10: -1160.63 Cr. (Prov)
DII
16/10: 737.77 Cr. (Prov)
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The Dow Jones Industrial Average closed at 8,979.26. Up by 401.35 points.
The Broader S&P 500 closed at 946.43. Up by 38.59 points.
The Nasdaq Composite Index closed at 1,717.71. Up by 89.38 points.
The partially convertible rupee <INR=IN> closed at 48.82/83 per dollar on yesterday, weaker than Wednesday's close of 48.525/540.
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REALTY INDEX Stocks May Zoom
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Arvind Parekh
+ 91 98432 32381
