USE STRICT Stop Loss for todays tradingShort BHEL-1383 for 1340 with sl 1400Short AxisBank-388 for 375 with sl 392Buy ABGShip-88 for 97 with sl 85Buy APIL-296 for 307 with sl 292Short Bhartiartl-648 below 640 for 626 with sl 644Short M&M-290 below 284 for 270 with sl 289
NIFTY FUTURES (F & O)
Below 2773 level, expect profit booking up to 2757-2759 zone and thereafter slide may continue up to 2743-2745 zone by non-stop.
Hurdle at 2789-2791 zone. Above this zone buying may continue up to 2796 level and thereafter it can jump up to 2803-2805 zone by non-stop.
Cross above 2817-2819 zone, it can zoom up to 2831-2833 zone and supply expected at around this zone and have caution.
On Negative Side, break below 2729-2731 zone can create some panic up to 2715-2717 zone and if breaks & sustains at below this zone then downtrend may continue and have caution.
Short-Term Investors:
Bearish Trend. 3 closes below 2974 level, it can tumble up to 2510 level by non-stop.
BSE SENSEX
False signal is likely. Traders can expect bounce. Short-Term Investors: Short-Term trend is Bearish and target at around 8208 level on down side.Maintain a Stop Loss at 9637 level for your short positions too.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,465.95. Down by 89.68 points.The Broader S&P 500 closed at 778.94. Down by 9.48 points.The Nasdaq Composite Index closed at 1,442.82. Down by 25.15 points.The partially convertible rupee
Headlines : 20 February 2009
Corporate News Headline
• Tata Power has hiked its stake in Tata Communications to 2.48% from 0.9% by purchasing shares worth Rs. 1.95 bn through open-market transaction. (BS)
• TRF has received an order worth Rs 997.4 mn from the Andhra Pradesh Government for setting up a coal-handing plant. (BS)
• KLG Systel bagged an order worth Rs. 300 mn from state-run power company based in Haryana to set up thirteen 33 KV substations and lay down 33 KV and 11 KV electrical lines on turnkey basis for Uttar Haryana Bijli Vitran Nigam. (BS)
Economic and Political Headline
• Inflation declined to 3.92% for the week ended February 7, from previous week's 4.39%. (BS)
• The Finance Minister announced that he would discuss the possibility of another set of fiscal and monetary measures to counter the economic slowdown with officials and the RBI. (BS)
• The UK had a USD 4.7 bn budget surplus in January, the smallest for the month for 14 years, as the financial crisis ravaged bank profits and the recession worsened. (Bloomberg)
Strong & Weak futures
This is list of 10 strong futures:
APIL, WWIL, Renuka, India Info, Amtek Auto, Colpal, SRF, Maruti, BEL & BPCL.
And this is list of 10 Weak Futures:
GDL, EKC, Aban, BRFL, Tulip, Orient Bank, Patel Eng, Divis Lab, Gitanjali & Wel Guj.
Nifty is in Down Trend.
NIFTY & SENSEX SPOT LEVELS TODAY
 | 2789.35 | ( 0.48 %) | 13.20 |  |
| 1 | 2 | 3 | ||
| Resistance | 2805.13 | 2820.92 | 2839.68 | |
| Support | 2770.58 | 2751.82 | 2736.03 | |
 | 9042.63 | ( 0.30 %) | 27.45 | | |
| 1 | 2 | 3 | |||
| Resistance | 9110.50 | 9178.37 | 9244.79 | ||
| Support | 8976.21 | 8909.79 | 8841.92 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 19-Feb-2009 | 809.57 | 1173.05 | -363.48 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 19-Feb-2009 | 578.54 | 470.1 | 108.44 |
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Arvind Parekh
+ 91 98432 32381
