Corporate News Headline
RIL is tying up nearly USD 6 bn to develop nine satellite discoveries in the Krishna Godavari basin. (ET)
Siemens has bagged a major order worth Rs. 2.12 bn from SAIL to provide an extra-high voltage power distribution package for the Rourkela steel plant in Orissa. (ET)
Tata Communications is planning to invest USD 430 mn in the Asia Pacific region to develop its Exchange at Singapore and to complete the TGN Intra Asia Cable system. (BS)
Economic and Political Headline
Industrial production fell 2% in December 2008—the highest year-on-year contraction in any month in 15 year, despite the stimulus package announced by the government to boost the sagging demand. (BS)
Inflation declined to 4.39% for the week ended January 31, 2009, from 5.07% the previous week. (ET)
The sales at the US retailers unexpectedly increased 1% in January, followed a 3% drop the prior month. However, such an advance may not be sustained as job losses climb. (Bloomberg)
Trading Calls 13th Feb 2009
USE STRICT Stop Loss for todays trading
Buy LITL-134 for 139with sl 131[Trade]
Buy Sunpharma-1108 above 1115 for 1160 sl 1095
Buy Tatamotors-136 above 138 for 156 with sl 134
Buy RNRL-48 above 49.5 for 55 with sl 47
Buy Powergrid-90 above 92 for 97 with sl 90
Strong & Weak futures
This is list of 10 strong futures:
WWIL, APIL, Renuka, BEML, Polaris, Shree Cem, Nagar Fert, Jindal Steel, Amtek Auto & Sesa Goa.
And this is list of 10 Weak Futures:
GDL, Aban, DLF, HDIL, Tulip, Punj Lloyd, Omaxe, Jindal Saw, Yes Bank & Tata Tea.
Nifty is in Up Trend.
NIFTY FUTURES (F & O)
Expect selling up to 2872-2874 zone for time being.
Hurdles at 2898 & 2906 levels. Above these levels, expect short covering up to 2923-2925 zone and thereafter it can jump up to 2940-2942 zone by non-stop.
Cross above 2958-2960 zone, it can zoom up to 2975-2977 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2855-2857 zone. Stop Loss at 2838-2840 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 2728 level, it can zoom up to 2942 level by non-stop.
BSE SENSEX
Traders can expect selling further.
Short-Term Investors:
Short-Term trend is Bearish and target at around 9166 level on down side.
Maintain a Stop Loss at 9725 level for your short positions too.
FII DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 12-Feb-2009 | 891.64 | 1076.96 | -185.32 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 12-Feb-2009 | 517.12 | 432.75 | 84.37 |
NIFTY & SENSEX SPOT LEVELS TODAY
 | 2893.05 | ( -1.12 %) | -32.65 |  |
| 1 | 2 | 3 | ||
| Resistance | 2925.85 | 2958.65 | 2978.30 | |
| Support | 2873.40 | 2853.75 | 2820.95 | |
 | 9465.83 | ( -1.59 %) | -152.71 | | |
| 1 | 2 | 3 | |||
| Resistance | 9548.79 | 9631.76 | 9683.38 | ||
| Support | 9414.20 | 9362.58 | 9279.61 | ||
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,932.76. Down by 6.77 points.
The Broader S&P 500 closed at 835.19. Up by 1.45 points.
The Nasdaq Composite Index closed at 1,541.71. Up by 11.21 points.
The partially convertible rupee <INR=IN> closed at 48.85/86 per dollar on yesterday, lower from its close of 48.69/70 on Wednesday.
SMALLCAP Stocks May Zoom
--
Arvind Parekh
+ 91 98432 32381
