Trading Calls 18th Mar 2009
+ve Sector/scripts : Glenmark, SRF
USE STRICT Stop Loss for todays trading
BUY Cromptgreav-135 above 138 for 149 with sl 134
BUY GMRinfra-82 above 83.5 for 89 with sl 81
+ve Sector/scripts : Glenmark, SRF
USE STRICT Stop Loss for todays trading
BUY Cromptgreav-135 above 138 for 149 with sl 134
BUY GMRinfra-82 above 83.5 for 89 with sl 81
BUY AxisBank-325 above 330 for 345 with sl 325
BUY ITC-173 above 175 for 180 with sl 173
BUY ITC-173 above 175 for 180 with sl 173
BUY MCdowell-N-707 for 735 with sl 694 [Breakout call]
NIFTY FUTURES (F & O)
Above 2776 level, expect short covering up to 2804-2806 zone and thereafter expect a jump up to 2823-2825 zone by non-stop.
Above 2776 level, expect short covering up to 2804-2806 zone and thereafter expect a jump up to 2823-2825 zone by non-stop.
Support at 2737 & 2742 levels. Below these levels, selling may continue up to 2726-2728 zone and thereafter slide may continue up to 2707-2709 zone by non-stop.
Buy if touches 2697-2699 zone. Stop Loss at 2679-2681 zone.
On Positive Side, cross above 2833-2835 zone it can zoom up to 2851-2853 zone and supply expected at around this zone and have caution.
Short-Term Investors:
Bullish Trend. 3 closes above 2531 level, it can zoom up to 2913 level by non-stop.
BSE SENSEX
Traders can expect profit booking.
Short-Term Investors:
Bullish Trend. 3 closes above 2531 level, it can zoom up to 2913 level by non-stop.
BSE SENSEX
Traders can expect profit booking.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9476 level on upper side.
Short-Term trend is Bullish and target at around 9476 level on upper side.
Maintain a Stop Loss at 8110 level for your long positions too.
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
BRFL, M&M, Tata Motors, Matrix Labs, Ster, Mphasis, National Alum, Edu Comp, Biocon & Bharat Forge.
And this is list of 10 Weak Futures:
Rolta, Ranbaxy, Triveni, Alok Text, Aban, A Birla Nuvo, EKC, HTMT Global, Yes Bank & IOB.
Nifty is in Down Trend.
Nifty is in Down Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,395.70. Up by 178.73 points.
The Broader S&P 500 closed at 778.12. Up by 24.23 points.
The Nasdaq Composite Index closed at 1,462.11. Up by 58.09 points.
The partially convertible rupee ended at 51.4700/4850 per dollar on yesterday, weaker than Monday's close of 51.385/395.
AUTO INDEX Stocks May Zoom
+ve to Market : 1. US Market 2. SGX Nifty 3. Asian Market [Mixed with
+ve bias] 4. FII Buying
+ve bias] 4. FII Buying
-ve to Market: 1. Expecting the YOY result from big boys will not meet
the market and DS expectation 2. There is no positive news will come
from Govt. [because of the announcement of the Election date] 3.
International market condition also will not boost the Indian market
4. FII's continuous selling in the Indian/International market. 5.
Mutual fund's redemption pressure for the year 2009 March.
the market and DS expectation 2. There is no positive news will come
from Govt. [because of the announcement of the Election date] 3.
International market condition also will not boost the Indian market
4. FII's continuous selling in the Indian/International market. 5.
Mutual fund's redemption pressure for the year 2009 March.
NIFTY & SENSEX SPOT LEVELS TODAY
 | 2757.45 | ( -0.71 %) | -19.80 |  |
| 1 | 2 | 3 | ||
| Resistance | 2795.80 | 2834.15 | 2862.70 | |
| Support | 2728.90 | 2700.35 | 2662.00 | |
 | 8863.82 | ( -0.89 %) | -79.72 | | |
| 1 | 2 | 3 | |||
| Resistance | 8991.36 | 9118.91 | 9213.69 | ||
| Support | 8769.03 | 8674.25 | 8546.70 | ||
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-Mar-2009 | 1602.29 | 1187.17 | +415.12 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 17-Mar-2009 | 657.66 | 810.36 | -152.7 |
--
Arvind Parekh
+ 91 98432 32381
