FII
12-Dec-2008 -16.52
DII
12-Dec-2008 325.81
Strong & Weak futures
This is list of 10 strong futures:
RNRL, NDTV, J P Associat, Sterlite Inds, Nagar const., Tisco, IVRCL Infra, Geship & Rcom.
And this is list of 10 Weak Futures:
Bhushan Steel, Redington, Purva, Havells, Ansal Infra, HCL Tech, Jindal Saw, BRFL & Tulip.
Headlines for the day
Corporate News Headline
Bharti Airtel expected to launch third-generation wireless services within six months of the spectrum being allocated. (ET)
GMR bagged Rs. 25 bn worth road projects from National Highways Authority of India within a year. (BS)
BHEL has signed a joint venture agreement with Tamil Nadu Electricity Board for setting up the country´s first supercritical thermal power project in Tamil Nadu. (BS)
Economic and Political Headline
Inflation stood at 8% for the week ended November 29, as compared to 8.4% in the previous week. (BS)
The Commerce and Industry Minister Kamal Nath said that the government is likely to come out with a second stimulus package to propel economic growth for next week. (ET)
The US exports slid to a seven-month low, with a widening in the trade deficit to USD 57.2 bn in October, and the number of Americans filing claims for unemployment benefits surged to the highest level since 1982, signalling the economy is shrinking even faster than previously estimated. (Bloomberg)
 | 2920.15 | ( -0.28 %) | -8.10 |  |
| 1 | 2 | 3 | ||
| Resistance | 2956.45 | 2992.75 | 3040.20 | |
| Support | 2872.70 | 2825.25 | 2788.95 | |
 | 9645.46 | ( -0.10 %) | -9.44 | | |
| 1 | 2 | 3 | |||
| Resistance | 9780.32 | 9915.19 | 10084.36 | ||
| Support | 9476.28 | 9307.11 | 9172.24 | ||
Strong & Weak futures
This is list of 10 strong futures:
NDTV, Nagar Const, Tisco, IDFC, DLF, Jindal Steel, Ambuja Cement, Escort, LITL & LIC.
And this is list of 10 Weak Futures:
Jindal Saw, Great Offshore, BRFL, Havells, Tulip, Ansal Infra, Rolta, Purva, Redington & Bhushan Steel.
Nifty is in Up Trend
FII DATA
FII 11-Dec-2008 + 444.18
DII 11-Dec-2008 -15.37
NIFTY FUTURES (F & O)
Below 2900 level, selling may continue up to 2886-2888 zone and thereafter slide may continue up to 2863-2865 zone.
Hurdles at 2938 & 2943 levels. Above these levels, expect short covering up to 2977-2979 zone and thereafter expect a jump up to 3001-3003 zone.
Above 3012-3014 zone, it can zoom up to 3035-3037 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2851-2853 zone. Stop Loss at 2828-2830 zone.
Short-Term Investors:
Short-Term trend is Bullish and target at around 3202 level on upper side.
On Negative Side, corrections up to 2821 level can be used to buy. Maintain a Stop Loss at 2694 level for your long positions too.
BSE SENSEX
Technically recovery should happen. Do not get excited and recovery can be used to offload your long positions.
Short-Term Investors:
Trend is Bullish & Technical target at around 10443 level on upper side. Corrections up to 9297 level can be used to buy. SL at 8914 level.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,565.09. Down by 196.33 points.
The Broader S&P 500 closed at 873.59. Down by 25.65 points.
The Nasdaq Composite Index closed at 1,507.88. Down by 57.60 points.
The partially convertible rupee <INR=IN> closed at 48.33/34 per dollar on yesterday, above its previous close of 49.03/04.
Sell HEALTHCARE Stocks
+ve to Market
1. Technical views 2. Bailout package from all the country 3. FII Buying
-ve to Market
1. US Market 2. Expected slow down in Q3 results 3. DII Selling 4. Redemption pressure in MF 5. SGX nifty
Trading Calls 12th Dec 08
+ve sectors & scripts : CNXMidcap,Niftyjuni or,Midcap50, ACC,STER
Short ONGC-664 for 623 with sl 675 [Trading]
Short CIPLA-181 for 171 with sl 184
Short Colpal-391 for 380 with sl 395
Short Mphasis-155 for 144 with sl 159
Short ONGC-664 for 623 with sl 675
--
Arvind Parekh
+ 91 98432 32381
