Thursday, March 12, 2009

Market Outlook for 12th March

NIFTY FUTURES (F & O)
  Above 2568 level, expect short covering up to 2589-2591 zone and thereafter expect a jump up to 2609-2611 zone by non-stop.

Support at 2546 level. Below this level, selling may continue up to 2535 & 2538 levels by non-stop.

Buy if touches 2512-2514 zone on down side. Stop Loss at 2492-2494 zone.

On Positive Side, cross above 2643-2645 zone it can zoom up to 2663-2665 zone and if crosses & sustains at above this zone then uptrend may continue.
  
Short-Term Investors:
 
 Bearish Trend. 3 closes below 2974 level, it can tumble up to 2510 level by non-stop.
 
 
BSE SENSEX 
 
 Traders can expect profit booking.
  
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.
 
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 6,930.40. Up by 3.91 points.
The Broader S&P 500 closed at 721.36. Up by 1.76 points.
The Nasdaq Composite Index closed at 1,371.64. Up by 13.36 points.
Indian currency markets were closed on Wednesday for local holiday.
 
 
Strong & Weak  futures 
This is list of 10 strong futures:
Amtek Auto, BRFL, Mphasis, Ultra Cemco, Tech M, Hind Zinc, Shree Cem, Cipla, GTL & Auro Pharma.
And this is list of 10  Weak Futures:
Rolta, Aban, Indian Bank, Ranbaxy, Wel Guj, Tata Chem, ICICI Bank, Gitanjali, Syndicate Bank & Skumar Syn.
 Nifty is in Down Trend.
NIFTY & SENSEX SPOT LEVELS TODAY
NSE Nifty Index   2573.15 ( -1.79 %) -47.00       
  1 2 3
Resistance 2611.07 2648.98   2676.72  
Support 2545.42 2517.68 2479.77

BSE Sensex  8160.40 ( -1.99 %) -165.42     
  1 2 3
Resistance 8243.05 8325.69 8392.17
Support 8093.93 8027.45 7944.81
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 09-Mar-2009 974.01 1058.95 -84.94
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 09-Mar-2009 680.25 380.53 +299.72

--
Arvind Parekh
+ 91 98432 32381