Headlines for the day
Corporate News Headline
Unitech has rescheduled more than three-fourths of its total debt amounting to Rs. 80 bn to tackle the slump in the real estate sector. (BS)
Satyam Computer bagged new business in the manufacturing space by fire suppression technologies and advanced building support systems major. (BS)
Tata Power has signed an MoU with Hirco to provide power supply and distribution solutions to residents and tenants of Hirco's Panvel special economic zone. (BS)
Economic and Political Headline
The government has decided to borrow an additional Rs. 460 bn between February 20 and March 20 to overcome the stress on government finances due to lower revenue collections and higher spending. (BS)
The US President Barack Obama signalled that he would be open to seeking an expansion of the USD 700 bn financial-rescue program if the plan fails to restore stability to the US banking system. (Bloomberg)
Treasury Secretary Timothy Geithner pledged the US government financing for as much as USD 2 tn of efforts to spur new lending and address banks' toxic assets, seeking to end the credit crunch hobbling the economy. (Bloomberg)
NIFTY FUTURES (F & O)
Below 2903 level, expect profit booking up to 2873-2875 zone and thereafter slide may continue up to 2855-2857 zone by non-stop.
Below 2903 level, expect profit booking up to 2873-2875 zone and thereafter slide may continue up to 2855-2857 zone by non-stop.
Hurdles at 2938 & 2941 levels. Above these levels, rally may continue up to 2950-2952 zone and thereafter it can jump up to 2968-2970 zone.
Cross above 2977-2979 zone, it can zoom up to 2995-2997 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2846-2848 zone. Stop Loss at 2828-2830 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 2728 level, it can zoom up to 2942 level by non-stop.
3 closes above 2942 level, it will zoom up to 3048 level by non-stop.
Short-Term Investors:
Bullish Trend. 3 closes above 2728 level, it can zoom up to 2942 level by non-stop.
3 closes above 2942 level, it will zoom up to 3048 level by non-stop.
BSE SENSEX
Traders can expect bounce.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9678 level on upper side.
Traders can expect bounce.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9678 level on upper side.
Maintain a Stop Loss at 9049 level for your long positions too.
3 closes above 9678 level, it will zoom up to 9993 level by non-stop.
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
WWIL, Sesa Goa, GE Ship, Jindal Steel, BEML, Grasim, Polaris, BEL, Reliance & Praj Ind.
And this is list of 10 Weak Futures:
Aban, DLF, GDL, HDIL, Wel Guj, Network 18, Pantaloon, Punj Lloyd, Bajaj Hind & KPIT.
Nifty is in Up Trend.
Nifty is in Up Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,888.88. Down by 381.99 points.
The Broader S&P 500 closed at 827.16. Down by 42.73 points.
The Nasdaq Composite Index closed at 1,524.73. Down by 66.83 points.
The partially convertible rupee <INR=IN> closed at 48.72/73 per dollar on yesterday, weaker than its previous close of 48.57/58.
Avoid Short Selling in METAL INDEX Stocks NIFTY & SENSEX SPOT LEVELS TODAY
 | 2934.50 | ( 0.50 %) | 14.60 |  |
| 1 | 2 | 3 | ||
| Resistance | 2964.02 | 2993.53 | 3029.67 | |
| Support | 2898.37 | 2862.23 | 2832.72 | |
 | 9647.47 | ( 0.66 %) | 63.58 | | |
| 1 | 2 | 3 | |||
| Resistance | 9744.73 | 9841.98 | 9959.10 | ||
| Support | 9530.36 | 9413.24 | 9315.99 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 10-Feb-2009 | 1688.12 | 1319.16 | 368.96 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 10-Feb-2009 | 471.52 | 588.51 | -116.99 |
--
Arvind Parekh
+ 91 98432 32381
