Market Outlook for 8th April

NIFTY FUTURES (F & O)
  Support at 3237 & 3250 levels. Below these levels, expect profit booking up to 3225-3227 zone and thereafter slide may continue up to 3195-3197 zone by non-stop.

Hurdle at 3267-3269 zone. Above this zone, rally may continue up to 3276 level and thereafter expect a jump up to 3296-3298 zone by non-stop.

Cross above 3326-3328 zone, it can zoom up to 3355-3357 zone and supply expected at around this zone and have caution.

On Negative Side, rebound expected at around 3166-3168 zone. Stop Loss at 3136-3138 zone.
  
Short-Term Investors:  
 Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
  
BSE SENSEX  
  Traders can expect rebound.
  
Short-Term Investors:  
 Short-Term trend is Bullish and target at around 10724 level on upper side.

Maintain a Stop Loss at 10323 level for your long positions too.
 

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

 Essar Oil, Gitanjali, JSW Steel, HDIL, Kotak Bank, Penin Land, Mah Life, Hind Oil Exp, Nagar Const & S Kumar Syn.

And this is list of 10  Weak Futures:

Hind Unilvr, Wock Pharma, Sterling Bio, Glaxo, Hind Petro, Power Grid, Alok Text, Colpal, IOC & ITC.
 Nifty is in Up Trend.

 

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	06-Apr-2009	2628.42	2431.68	196.74

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	06-Apr-2009	948.71	1030.47	-81.76

 

GLOBAL CUES & RUPEE

The Dow Jones Industrial Average closed at 7,789.56. Down by 186.29 points.

The Broader S&P 500 closed at 815.55. Down by 19.93 points.

The Nasdaq Composite Index closed at 1,561.61. Down by 45.10 points.

India's currency markets were closed on yesterday for a local holiday.

--
Arvind Parekh
+ 91 98432 32381