Corporate News Headline
HDFC Ltd. reported Q3'09 results, total revenue increased 35.74% yoy to Rs. 29.25 bn, but net profit declined 15.73% yoy to Rs. 5.47 bn. (BS) Tata Communication has bought another 30% stake in South African network operator, Neotel, to increase its shareholding in the Company to 70%. (BS) Tata Communication has bought another 30% stake in South African network operator, Neotel, to increase its shareholding in the Company to 70%. (BS) Economic and Political Headline The government has told public sector banks to extend credit to fund-starved Indian industry, especially exporters and small and medium sector enterprises. (ET) The UK government data revealed that the unemployment rose 77,900 to 1.16 mn, the highest level since January 2000, as the worsening recession prompted retailers and automakers to cut jobs. (Bloomberg) The US President Barack Obama's economic team is pushing to complete a bank-rescue plan that can be twinned with the USD 825 bn stimulus package being negotiated with Congress to alleviate the rapidly deepening financial crisis. (Bloomberg)Strong & Weak futures
This is list of 10 strong futures:
Neyveli Lig., Polaris, Balram Chini, HPCL, Ultra Cemco, BEL, BEML, GMR Infra, AL BK & BPCL.
And this is list of 10 Weak Futures:
Edu Comp, Roltas, Divi's Lab, Punj Llyod, DLF, Siemens, TVS Motors, Pantaloon, Rel Capital & Nagar Const.
Nifty is in Down Trend.
NIFTY FUTURES (F & O)
Above 2704 level, expect short covering up to 2743-2745 zone and thereafter expect a jump up to 2782-2784 zone by non-stop.
Support at 2682-2684 zone. Below this zone, selling may continue up to 2676 level and thereafter slide may continue up to 2659 level by non-stop.
Buy if touches 2618-2620 zone. Stop Loss at 2579-2581 zone.
On Positive Side, above 2846-2848 zone it can zoom up to 2885-2887 zone and if crosses & sustains at above this zone then uptrend may continue.
Short-Term Investors:
Bearish Trend. 3 closes below 3144 level, it can tumble up to 2312 level by non-stop.
BSE SENSEX
Technically Profit booking should continue.
Short-Term Investors:
Short-Term trend is Bearish and target at around 8060 level on down side.
On Positive Side, short rallies up to 9072 level can be used to exit. Maintain a Stop Loss at 9409 level for your short positions too.
Trading Calls 22nd Jan 2009
+ve Sector : Max, Gokul, HMT, Alchem, GoldBees
-ve Sector : Midcap50
USE STRICT Stop Loss for todays trading
Buy HUL-255 for 263-65 with sl 252
Buy Gail-205 for 213 with sl 202
+ve to Market : 1.US Market 2. SGX Nifty
-ve to Market : 1. Continous selling by FII 2. DII selling 3. Expected slowdown/Q3Results 4. Rs.Vs$ 5. Sentiment 6. There is no delivery based buying by investors 7. Asian Market (Mixed)
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,228.10. Up by 279.01 points.
The Broader S&P 500 closed at 840.24. Up by 35.02 points.
The Nasdaq Composite Index closed at 1,507.07. Up by 66.21 points.
The partially convertible rupee <INR=IN> closed at 49.11/13 per dollar on yesterday, stronger than Tuesday's close of 49.20/22.
NIFTY & SENSEX SPOT LEVELS FOR TODAY
 | 2706.15 | ( -3.23 %) | -90.45 |  |
| 1 | 2 | 3 | ||
| Resistance | 2765.57 | 2824.98 | 2862.67 | |
| Support | 2668.47 | 2630.78 | 2571.37 | |
 | 8779.17 | ( -3.53 %) | -321.38 | | |
| 1 | 2 | 3 | |||
| Resistance | 8975.34 | 9171.52 | 9291.72 | ||
| Support | 8658.96 | 8538.76 | 8342.58 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 21-Jan-2009 | 863.51 | 1650.13 | -786.62 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 21-Jan-2009 | 927.22 | 644.49 | 282.73 |
--
Arvind Parekh
+ 91 98432 32381
