Headlines : 18 February 2009
Corporate News Headline
• Jindal Steel and Power is planning to invest up to USD 20 mn in next 12 months for diamond mining in Congo. (ET)
• SAIL is in the process of setting up Steel Processing Units in locations across the country where it does not have any production facility. (ET)
• Central Bank of India has an exposure of Rs. 490 mn to Raju family- owned Maytas and is "willing" to lend to Satyam Computer. (ET)
Economic and Political Headline
• The government informed that India will not achieve the USD 200 bn trade target fixed for the current fiscal but the government and the RBI are closely monitoring both domestic and international economic developments. (ET)
• The government said that the Group of Ministers, to sort out the issues such as the number of slots and reserve price for the 3G services, will be constituted this week. (BS)
• The UK inflation rate fell to 3% in January from 3.1% in December as a drop in fuel and housing costs eased pressure on prices while the recession deepened. (Bloomberg)
Corporate News Headline
• Jindal Steel and Power is planning to invest up to USD 20 mn in next 12 months for diamond mining in Congo. (ET)
• SAIL is in the process of setting up Steel Processing Units in locations across the country where it does not have any production facility. (ET)
• Central Bank of India has an exposure of Rs. 490 mn to Raju family- owned Maytas and is "willing" to lend to Satyam Computer. (ET)
Economic and Political Headline
• The government informed that India will not achieve the USD 200 bn trade target fixed for the current fiscal but the government and the RBI are closely monitoring both domestic and international economic developments. (ET)
• The government said that the Group of Ministers, to sort out the issues such as the number of slots and reserve price for the 3G services, will be constituted this week. (BS)
• The UK inflation rate fell to 3% in January from 3.1% in December as a drop in fuel and housing costs eased pressure on prices while the recession deepened. (Bloomberg)
Trading Calls 18th Feb 2009
USE STRICT Stop Loss for todays trading
USE STRICT Stop Loss for todays trading
Short HDFC-1433 for 1390 with sl 1450
Short Tatapower-746 for 715 with sl 755
Short ONGC-677 for 652 with sl 682
Short Tatapower-746 for 715 with sl 755
Short ONGC-677 for 652 with sl 682
Short BHEL-1381 below 1365 for 1300 with sl 1380
Short SBI-1098 below 1090 for 1047 with sl 1100
Short SBI-1098 below 1090 for 1047 with sl 1100
NIFTY FUTURES (F & O)
Expect selling up to 2732 level for time being.
Expect selling up to 2732 level for time being.
Hurdles at 2764 & 2768 levels. Above these levels, expect short covering up to 2793-2795 zone and thereafter expect a jump up to 2818-2820 zone by non-stop.
Cross above 2876-2878 zone, it can zoom up to 2900-2902 zone and supply expected at around this zone and have caution.
On Negative Side, break below 2705-2707 zone can create panic up to 2680-2682 zone and if breaks & sustains at below this zone then downtrend may continue and have caution.
Short-Term Investors:
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 fall further.
Short-Term Investors:
Short-Term trend is Bearish and target at around 8887 level on down side.
False signal is likely. Traders can expect fall further.
Short-Term Investors:
Short-Term trend is Bearish and target at around 8887 level on down side.
Maintain a Stop Loss at 9166 level for your short positions too.
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Renuka, Amtek Auto Hero Honda EDUCOMP, WWIL,Colgate Palmoliv India Infoline L Bharat Elect INFO EDGE (I) LT GMRInfra
And this is list of 10 Weak Futures:
Bajaj Au.Ltd,Jindal Stainless,GDL,Birla Corp, EVEREST KANTO CY, ABAN,HDIL, DLF, TULIP, OBC.
Nifty is in Down Trend.
Nifty is in Down Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,552.60. Down by 297.81 points.
The Broader S&P 500 closed at 789.17. Down by 37.67 points.
The Nasdaq Composite Index closed at 1,470.66. Down by 63.70 points.
The partially convertible rupee <INR=IN> closed at 49.67/68 per dollar on yesterday, weaker from Monday's close of 48.84/85.
BANKEX Stocks May Fall
NIFTY & SENSEX SPOT LEVELS TODAY
 | 2770.50 | ( -2.74 %) | -78.00 |  |
| 1 | 2 | 3 | ||
| Resistance | 2831.00 | 2891.50 | 2928.35 | |
| Support | 2733.65 | 2696.80 | 2636.30 | |
 | 9035.00 | ( -2.91 %) | -270.45 | | |
| 1 | 2 | 3 | |||
| Resistance | 9167.49 | 9299.97 | 9386.55 | ||
| Support | 8948.43 | 8861.85 | 8729.37 | ||
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 | 17-Feb-2009 | 1125.52 | 1587.73 | -462.21 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 17-Feb-2009 | 961.38 | 682.96 | 278.42 |
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Arvind Parekh
+ 91 98432 32381
