Wednesday, April 1, 2009

Market Outlook 1st April 2009

NIFTY FUTURES (F & O)
  Above 3027-3029 zone, it can zoom up to 3035 level and thereafter expect a jump up to 3051-3053 zone by non-stop.

Support at 2998 & 3005 levels. Below these levels, expect profit booking up to 2972-2974 zone and thereafter

slide may continue up to 2948-2950 zone by non-stop.
Buy if touches 2940-2942 zone. Stop Loss at 2916-2918 zone.

On Positive Side, cross above 3059-3061 zone can take up to 3083-3085 zone. If crosses & sustains at above this zone then uptrend may continue.
  
Short-Term Investors:  
 Bullish Trend. 3 closes above 2932 level, it can zoom up to 3033 level by non-stop. 3 closes above 3033 level, it can zoom up to 3135 level by non-stop.
 
BSE SENSEX  
  False signal is likely. Traders can expect rally further.
  
Short-Term Investors: 
 Short-Term trend is Bullish and target at around 10824 level on upper side. Maintain a Stop Loss at 9430 level for your long positions too.
 
Strong & Weak  futures 
This is list of 10 strong futures:
Matrix Labs, S Kumar Syn, Biocon, J&K Bank, Finan Tech, Nagar Const, Bhushan Steel, Bombay Dyeing, BRFL & JSW Steel.
And this is list of 10  Weak Futures:
HInduja Ventures, Alok Text, IOC, Rolta, Escorts, WWIL, Sterling Bio, Allahabad Bank, HTMT Global & IDBI.
 Nifty is in Up Trend.
 
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,608.92. Up by 86.90 points.
The Broader S&P 500 closed at 797.87. Up by 10.34 points.
The Nasdaq Composite Index closed at 1,528.59. Up by 26.79 points.
The partially convertible rupee <INR=IN> closed at 50.71/72 per dollar on yesterday, stronger than its Monday's close of 51.17/19, but still lost 4 percent in the March quarter.
SMALLCAP Stocks May Zoom.
 
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 31-Mar-2009 1674.34 2257.99 -583.65
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 31-Mar-2009 2120.72 1081.65 +1039.07

--
Arvind Parekh
+ 91 98432 32381