Date
FII
18-Nov-2008
-441.59 Crs
DII
18-Nov-2008
458.6 Crs
Strong & Weak futures
This is list of 10 strong futures:
TTML, Hind Petro, GTL, Rolta, Union Bank, Glaxo, Hind Zinc, MTNL, Divis Lab & Sterlin Bio.
And this is list of 10 Weak Futures:
Ansal Infra, SAIL, Niit Ltd., Suzlon, Gitanjali, Uni Tech, Purva, Uni Phos, Matrix Lab & Amtek Auto.
Nifty is in Down Trend.
Headlines for the day
Corporate News Headline
Suzlon Energy will buy the 22.48% stake in Germany-based REpower through a combination of cash and debt. (BS)
L&T bagged an EPC project worth Rs. 5.82 bn from the Hyderabad Metro Water Supply and Sewerage Board. (BS)
Unitech put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. (ET)
Economic and Political Headline
With India´s exports getting dented in the troubled US and European markets, the government said that it is working on a fiscal package for exporters and reviewing the target of USD 200 bn for this fiscal. (BS)
The Reserve Bank allowed the cash-starved housing finance companies to raise short-term foreign currency-denominated funds from overseas markets. (ET)
The US industrial production rose 1.3% in October followed a revised 3.7% drop in September led by a jump in mining as work resumed at Gulf Coast refineries following shutdowns caused by Hurricanes Gustav and Ike. (Bloomberg)
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 17-Nov-2008.
Strong & Weak futures
This is list of 10 strong futures:
TTML, Hind Petro, Hind Zinc, Mtnl, Colpal, Gtl, Ioc, Divislab, Bhushan Stl & Sterlin Bio
And this is list of 10 Weak Futures:
NDTV, Tata Steel, Tata Motors, Uni Tech, Matrix Labs, Gitanjali, Jstainless, Purva, Uniphos & Amtek Auto.
Nifty is in Down Trend.
 | 2799.55 | ( -0.38 %) | -10.80 |  |
| 1 | 2 | 3 | ||
| Resistance | 2858.67 | 2917.78 | 2999.87 | |
| Support | 2717.47 | 2635.38 | 2576.27 | |
 | 9291.01 | ( -1.01 %) | -94.41 | | |
| 1 | 2 | 3 | |||
| Resistance | 9499.04 | 9707.07 | 9978.25 | ||
| Support | 9019.83 | 8748.65 | 8540.62 | ||
NIFTY FUTURES (F & O)
Below 2762 level, selling may continue up to 2740-2742 zone. If breaks 2701-2703 zone then fall may continue up to 2682-2684 zone.
Hurdle at 2820 level. Above this level, expect short covering up to 2859 level.
Sell if touches 2917-2919 zone. Stop Loss at 2975-2977 zone.
On Negative Side, if breaks & sustains at below 2643-2645 zone then downtrend may continue and have caution.
Short-Term Investors:
Short-Term trend is bearish and target at around 2392 level on down side.
On Positive Side, rallies up to 2982 level can be used to exit. Maintain a Stop Loss at 3178 level for your short positions too.
BSE SENSEX
Technically Rebound should happen. If does rebound, then bulls will
try to offload their positions.
Short-Term Investors:
Trend is Bearish & Technical target at around 8183 level on down side. Rallies up to 9974 level can be used to exit. SL at 10571 level.
Trading Calls 18th Nov 08
-ve sectors & scripts :
Bank, CnxMidcap, Abirlanuvo, BRFL, ICSA, IDFCShort IndianBnk-126 for 119-114 with sl 129 [Trading]
Short IOB-75 for 71-68 with sl 77.70
Short KotakBank-337 for 300 with sl 345
Short RNRL-47 for 45-43 with sl 48.75
-ve to Market
1. Profit booking 2.Continous selling by FII 3. Local institutional selling added fear 4. Expected slow down in GDP 5. The impact of global recession in economic growth 6. SGX nifty 7. Weak sentiment 8. US Market 9 Asian Markets 10. There is no investment buying by small investors and institution.
--
Arvind Parekh
