FII
11/11: -370.95 Cr. (Prov)
DII
11/11: 229.12 Cr. (Prov)
Strong & Weak futures
10 STRONG Futures
Hind Zinc
LITL
Union Bk
GTL
Can Bk
Indian Bk
Hinduja Ven
Bhushan Stl
APIL &
GMR Infra
10 WEAK Futures
NDTV
Unitech
Tisco
Mah Life
Suzlon
Amtek Auto
Telco
Uni Phos
J Stainless &
Purva
Nifty is in Down Trend
Cash Market: Buy BAGFILMS (NSE CMP 15.80). Stop Loss at 14.80 level. SMS sent at 01.16 PM.
NIFTY FUTURES (F & O)
Below 3129 level, expect profit booking up to 3067-3069 zone and
thereafter slide may continue up to 3008-3010 zone by non-stop.
Hurdles at 3170 & 3188 levels. Above these levels, buying may continue
up to 3247-3249 zone.
Supply expected at around 3306-3308 zone. This supply should get absorbed too.
On Negative Side, rebound expected at around 2910-2912 zone. Stop Loss
at 2851-2853 zone.
Short-Term Investors:
Short-Term trend is bearish and target at around 2546 level on down side.
On Positive Side, rallies up to 3085 level can be used to exit. Maintain a
Stop Loss at 3265 level for your short positions too.
BSE SENSEX
Technically rebound should happen. If bulls reluctant then bears will
try to hammer and have caution.
Short-Term Investors:
Trend is Bullish & Technical target at around 10898 level on upper
side. Corrections up to 8498 level can be used to buy. SL at 7697
level.
Headlines for the day
Corporate News Headline
L&T bagged an order worth Rs. 24.6 bn from the Mumbai Metropolitan
Regional Development Authority for implementing India's first monorail
system in the city. (BS)
IVRCL Infrastructures & Projects bagged a Rs. 8.93 bn order from
the Andhra Pradesh government for execution of irrigation project in
that state. (BS)
Satyam acquired the software development centre of Motorola in
Malaysia for an undisclosed amount. (BS)
Economic and Political Headline
India´s exports declined over 15% in dollar terms in October this
fiscal due to the global slowdown. (ET)
Indian vehicle sales declined 14.42% in October to 8.65 lakh
against 10.11 lakh in the same month last, as the credit crunch made
it harder for dealers to borrow funds to build up inventory. (ET)
The UK manufacturer's prices reduced 1% in October after oil costs
fell and the economy headed toward its first recession since the early
1990s. (Bloomberg)
--
Arvind Parekh
+ 91 98432 32381
