Friday, March 6, 2009

Market Outlook for 6th March

Strong & Weak  futures
 
This is list of 10 strong futures: Amtek Auto, Ultra Cemco, Mphasis, Ashok Ley, Auro Pharma, Shree Cem, Maruti, Cipla, TVS Motor & Naukri. And this is list of 10  Weak Futures: Aban, Rolta, Ranbaxy, ICICI Bank, Syndicate Bank, Indian Bank, Wel Guj, NIIT, IOB & Yes Bank.
 Nifty is in Down Trend.
 
Trading Calls 06th Mar 2009
-ve Sector & scripts : Sterlinbio, Cement
USE STRICT Stop Loss for todays trading
Short Jindalstl-1002 for 965 with sl 1015
Short Colpal-441 for 428 with sl 445
Short NTPC-172 for 165 with sl 175
Short Glendmark-132 for 125-122 with sl 135
 
NIFTY FUTURES (F & O)
  Expect selling up to 2526-2528 zone for time being.
Hurdles at 2567 & 2574 levels. Above these levels, expect short covering up to 2612-2614 zone and thereafter expect a jump up to 2649-2651 zone by non-stop.
Cross above 2687-2689 zone, it can zoom up to 2725-2727 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2488-2490 zone. Stop Loss at 2451-2453 zone.
  
Short-Term Investors:
 
 Bearish Trend. 3 closes below 2974 level, it can tumble up to 2510 level by non-stop.
 
BSE SENSEX 
 
 If starts move up then exit long positions. Bulls got trapped.
  
Short-Term Investors:
 
 Short-Term trend is Bearish and target at around 8129 level on down side.
3 closes below 8129 level, it can tumble up to 7694 level by non-stop.
Maintain a Stop Loss at 8998 level for your short positions too.
 
The Dow Jones Industrial Average closed at 6,594.44. Down by 281.40 points.
The Broader S&P 500 closed at 682.55. Down by 30.32 points.
The Nasdaq Composite Index closed at 1,299.59. Down by 54.15 points.
The partially convertible rupee <INR=IN> ended at 51.76/78 per dollar on yesterday, below its Wednesday's close of 51.53/55.
 
 
NIFTY & SENSEX SPOT LEVELS FOR TODAY
NSE Nifty Index   2576.70 ( -2.59 %) -68.50       
  1 2 3
Resistance 2639.03 2701.37   2738.83  
Support 2539.23 2501.77 2439.43
 
BSE Sensex  8197.92 ( -2.94 %) -248.57     
  1 2 3
Resistance 8432.98 8668.03 8801.04
Support 8064.92 7931.91 7696.86
 
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 05-Mar-2009 1533.35 2124.27 -590.92
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 05-Mar-2009 1127.91 648.87 479.04
 

--
Arvind Parekh
+ 91 98432 32381