Monday, October 20, 2008

OUTLOOK FOR TODAY 20TH OCT 2008



FII DATA
FII
20/10: -816.79 Cr. (Prov)
DII
20/10: 216.43 Cr. (Prov)

Strong & Weak futures

This is list of 10 Strong Futures:

Indian Bk, Ubi, Hpcl, Boi, Tvs Motor Com., Bob, Ioc, Gtl, Pnb & Bpcl.

And this is the list of 10 Weak Futures:

Bomdyein, Wel Guj, Peninland, Aptech, IndiaInfo, Suzlon, Nagarconst, IvrPrime,Bajajhind & Ndtv.
Nifty is in Down Trend.



Why this govt is not taking decisions at right time? This repo rate cut should have been announced on thursday, then it would have been fantastic move.



Tata Consultancy Services Ltd to announce results this week. This stock may rise.



RBI CUTS REPO RATE TO 8.0 PERCENT FROM 9.0 PERCENT WITH IMMEDIATE EFFECT. Positive move, but delayed decision and may have negative impact.

SENSEX (Short-Term Investors):

Below 10956 level, technical target at 8153 level. Stop Loss for short positions at 11882 level. Not for Day-Traders.

NIFTY FUT (Short-Term Investors):

Below 3427 level, technical target at 2461 level. Stop Loss for short positions at 3741 level. Not for Day-Traders.

INTRADAY CALLS
NIFTY FUT: If uptrend continues then it will zoom up to 3366.00-3368.00 zone. Support at 3186.50 level. If not going up, then SL is too far and can be placed at 2997.10-2999.10 zone. SMS sent at 01.03 PM.

NIFTY FUT: SL Triggered. Selling should continue up to 2997.10-2999.10 zone. Resistance at 3140.75 level. If not falling, then SL is too far and can be placed at 3252.35-3254.35 zone. SMS sent at 10.07 AM.

NIFTY FUT: Buying Recommended. Buy with a Stop Loss of 3110.75 level. Target at 3252.35-3254.35 zone. SMS sent at 09.58 AM.

Cash Market Intra-Day: Sell THERMAX (NSE Cash CMP 303.70) for Intra-Day gains. Stop Loss at 307.70 level. SMS sent at 10.54 AM.

Cash Market Intra-Day: Buy SKUMARSYNF (NSE Cash CMP 28.85) for Intra-Day gains. Stop Loss at 27.85 level.


Strong & Weak futures
This is list of 10 Strong Futures:

Boi, Hind petro, Ioc, Gtl, Bahrat petro, Ubi, Obc, Pnb, Bob & Allahabad bk.


And this is the list of 10 Weak Futures:

Suzlon energy, Rel. capital, Essar Oil, IVR Prime Urban, Bajaj Hind, JSW Steel limit, Educomp solution, Ivrcl infrrast, Nagarjuna constr & Ndtv Ltd.


Nifty is in Down Trend.

FII Data

FII

17/10: -915.54 Cr. (Prov)

DII

17/10: 712.77 Cr. (Prov)



NIFTY FUTURES (F & O)


Selling may continue up to 3038-3040 zone for time being.


Above 3081 level, expect mild jump up to 3136 level and thereafter short covering may continue up to 3249-3251 zone by non-stop.


Supply expected at around 3363-3365 zone. Sell if touches 3477-3479 zone. Stop Loss at 3590-3592 zone.


On Negative Side, if breaks & sustains at below 2924-2926 zone then selling may continue up to 2811-2813 zone and have caution.



Short-Term Investors:


Short-Term trend is bearish and worst may be over at around 2461 level on down side.


On Positive Side, short rallies up to 3427 level can be used to exit. Maintain a Stop Loss at 3741 level for your short positions too.



BSE SENSEX



Technically rebound should happen.


Short-Term Investors:


Trend is Bearish & Technical target at around 8153 level on down side. Relief rally up to 10956 level can be used to exit. SL at 11882 level.


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RELIANCE INFRASTRUCTURE (NSE Cash): Avoid Short Selling in this scrip

. Rebound expected.

Support at 394 level. Rebound expected at around this level. If not, then problem for bulls too.


Hurdle at 503 level. Supply expected at around this level. This supply should get absorbed too.



JAIPRAKASH ASSOCIATES FUTURES (NSE): Avoid Short Selling in this scrip. Rebound expected.


Support at 58 level. Rebound

expected
at around this level. If not, then problem for bulls too.

Hurdle at 80 level. Supply expected at around this level. This supply should get absorbed too.


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The Dow Jones Industrial Average closed at 8,852.22. Down by 127.04 points.


The Broader S&P 500 closed at 940.55. Down by 5.88 points.


The Nasdaq Composite Index closed at 1,711.29. Down by 6.42 points.


The partially convertible rupee dropped to 48.88/89 per dollar on Friday, weaker


than Thursday's close of 48.82/83.


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Sell SENSEX Stocks


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--
Arvind Parekh
+ 91 98432 32381