Headlines : 27 February 2009
Corporate News Headline
• TCS extended its contract with Singapore Airlines to provide IT services for three years to the latter for a suite of applications used by the Singapore Airlines Group of Companies. (BS)
• L&T has bagged orders worth Rs. 11.62 bn from different vendors for construction of factories and residential projects. (BS)
• KEC International has secured two orders worth Rs. 2.27 bn from Power Grid Corporation for supplying power transmission equipment. (BS)
Economic and Political Headline
• Inflation declined to 3.36% during the week ended February 14, 2009 mainly due to fall in the prices food articles like fruit and vegetables, pulses, and some manufactured items. (BS)
• The Trade minister Kamal Nath announced reduction in customs duty under the EPCG scheme from 5% to 3%. Fixing an export target for fiscal FY10 at USD 200 bn, he said that exports had grown to USD 162 bn in 2008 and will touch USD 175 bn for FY09. (BS)
• The President Barack Obama proposed almost USD 1 tn in higher taxes over the next decade on the highest-earning Americans, Wall Street financiers, the US-based multinational corporations, and oil companies to pay for permanent tax breaks for lower earners. (Bloomberg)
Corporate News Headline
• TCS extended its contract with Singapore Airlines to provide IT services for three years to the latter for a suite of applications used by the Singapore Airlines Group of Companies. (BS)
• L&T has bagged orders worth Rs. 11.62 bn from different vendors for construction of factories and residential projects. (BS)
• KEC International has secured two orders worth Rs. 2.27 bn from Power Grid Corporation for supplying power transmission equipment. (BS)
Economic and Political Headline
• Inflation declined to 3.36% during the week ended February 14, 2009 mainly due to fall in the prices food articles like fruit and vegetables, pulses, and some manufactured items. (BS)
• The Trade minister Kamal Nath announced reduction in customs duty under the EPCG scheme from 5% to 3%. Fixing an export target for fiscal FY10 at USD 200 bn, he said that exports had grown to USD 162 bn in 2008 and will touch USD 175 bn for FY09. (BS)
• The President Barack Obama proposed almost USD 1 tn in higher taxes over the next decade on the highest-earning Americans, Wall Street financiers, the US-based multinational corporations, and oil companies to pay for permanent tax breaks for lower earners. (Bloomberg)
Trading Calls 27th Feb 2009
Buy BHEL-1405 for 1445 with sl 1395
Buy HeroHonda-927 for 955-66 with sl 920
Buy BHEL-1405 for 1445 with sl 1395
Buy HeroHonda-927 for 955-66 with sl 920
Buy INFY-1236 above 1245 for 1279 with sl 1235
Buy Bhartiartl-652 above 657 for 677-83 with sl 650
USE STRICT Stop Loss for todays trading
25/2/2009 performance: Intraday short covering will be @ 2733-23
[EXACT L 2731]
Keep sl 2794 for short [closing basis] [EXACT H 2797]
Buy ONGC-700 for 716 with sl 696 [+2.8%, H729]
Buy PFC-138 for 145 with sl 135 [+1.1%,H141]
Buy NTPC-180 above 184 for 191-196 with sl 180 [+2.8%,H185.8]
Buy Glenmark-139 above 141 for 146-149 with sl 139 [1.9%,H142.9]
Short BPCL-401 for 394 with sl 405 [L382,-4.0%]
Short Ranbaxy-207 for 200 with sl 210 [call not initiated, opening
-5%]
-ve to Market: 1. Expecting the YOY result from big boys will not meet
the market and DS expectation 2. Huge built up of puts in March series
will provide the expectation of the down side in coming days. [Watch
the discount on March] 3. US Market 4. SGX nifty
Buy Bhartiartl-652 above 657 for 677-83 with sl 650
USE STRICT Stop Loss for todays trading
25/2/2009 performance: Intraday short covering will be @ 2733-23
[EXACT L 2731]
Keep sl 2794 for short [closing basis] [EXACT H 2797]
Buy ONGC-700 for 716 with sl 696 [+2.8%, H729]
Buy PFC-138 for 145 with sl 135 [+1.1%,H141]
Buy NTPC-180 above 184 for 191-196 with sl 180 [+2.8%,H185.8]
Buy Glenmark-139 above 141 for 146-149 with sl 139 [1.9%,H142.9]
Short BPCL-401 for 394 with sl 405 [L382,-4.0%]
Short Ranbaxy-207 for 200 with sl 210 [call not initiated, opening
-5%]
-ve to Market: 1. Expecting the YOY result from big boys will not meet
the market and DS expectation 2. Huge built up of puts in March series
will provide the expectation of the down side in coming days. [Watch
the discount on March] 3. US Market 4. SGX nifty
NIFTY FUTURES (F & O)
Below 2753 level, expect profit booking up to 2721-2723 zone and thereafter slide may continue up to 2691-2693 zone by non-stop.
Below 2753 level, expect profit booking up to 2721-2723 zone and thereafter slide may continue up to 2691-2693 zone by non-stop.
Hurdle at 2776 level. Above this level, buying may continue up to 2783-2785 zone and thereafter it can jump up to 2793 level by non-stop.
Multiple Hurdles at 2813-2815 zone & at 2823-2825 zone. Cross above these zones, it can zoom up to 2853-2855 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2681-2683 zone. Stop Loss at 2651-2653 zone.
Short-Term Investors:
Bearish Trend. 3 closes below 2968 level, it can tumble up to 2502 level by non-stop.
Short-Term Investors:
Bearish Trend. 3 closes below 2968 level, it can tumble up to 2502 level by non-stop.
BSE SENSEX
Traders can expect rally further.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9377 level on upper side.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9377 level on upper side.
Maintain a Stop Loss at 8619 level for your long positions too.
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Amtek Auto, APIL, Ultra Cemco, Maruti, Mphasis, Grasim, Matrix Labs, Bharat Forge, Ashok Ley & M&M.
And this is list of 10 Weak Futures:
Gitanjali, Aban, Indian Bank, J&K Bank, IOB, GDL, Mah Life, Ranbaxy, Syndicate Bank & EKC.
Nifty is in Down Trend.
Nifty is in Down Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,182.08. Down by 88.81 points.
The Broader S&P 500 closed at 752.83. Down by 12.07 points.
The Nasdaq Composite Index closed at 1,391.47. Down by 33.96 points.
The partially convertible rupee <INR=IN> closed at 50.45/47 per dollar on yesterday, below its previous close of 49.96/97.
SMALLCAP Stocks May Fall
NIFTY & SENSEX SPOT LEVESL FOR TODAY
 | 2785.65 | ( 0.84 %) | 23.15 |  |
| 1 | 2 | 3 | ||
| Resistance | 2811.67 | 2837.68 | 2877.57 | |
| Support | 2745.77 | 2705.88 | 2679.87 | |
 | 8954.86 | ( 0.59 %) | 52.30 | | |
| 1 | 2 | 3 | |||
| Resistance | 9039.34 | 9123.82 | 9249.33 | ||
| Support | 8829.35 | 8703.84 | 8619.36 | ||
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 | 26-Feb-2009 | 1613.09 | 1887.03 | -273.94 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 26-Feb-2009 | 1196.69 | 852.16 | 344.53 |
--
Arvind Parekh
+ 91 98432 32381
