Thursday, April 2, 2009

Market Outlook for 2.4.2009

NIFTY FUTURES (F & O)
  Above 3082 level, rally may continue up to 3097-3099 zone and thereafter expect a jump up to 3127-3129 zone by non-stop.
Support at 3032 & 3051 levels. Below these levels, expect profit booking up to 2984-2986 zone and thereafter slide may continue up to 2954-2956 zone by non-stop.
Buy if touches 2939-2941 zone. Stop Loss at 2909-2911 zone.
On Positive Side, cross above 3142-3144 zone can take up to 3172-3174 zone. If crosses & sustains at above this zone then uptrend may continue.
  
Short-Term Investors:  
 Bullish Trend. 3 closes above 3033 level, it can zoom up to 3135 level by non-stop.
3 closes below 3033 level, it can tumble up to 2932 level by non-stop.
  
BSE SENSEX   
 Traders can expect rally further.
  
Short-Term Investors:  
 Short-Term trend is Bullish and target at around 10323 level on upper side.
Maintain a Stop Loss at 9521 level for your long positions too.
 
 
Strong & Weak  futures  
This is list of 10 strong futures:
Matrix Labs, JSW Steel, J&K Bank, S Kumar Syn, DCB, Hind Oil Exp, Finan Tech, CMC, Unitech & Voltas.
And this is list of 10  Weak Futures:
Wock Pharma, Hinduja Ventures, Sterling Bio, IOC, Escorts, Alok Text, Glaxo, Power Grid, Hind Unilvr & HCL Tech.
 Nifty is in Up Trend.
 
GLOBAL CUES & RUPEE

The Dow Jones Industrial Average closed at 7,761.60. Up by 152.68 points.

The Broader S&P 500 closed at 811.08. Up by 13.21 points.

The Nasdaq Composite Index closed at 1,551.60. Up by 23.01 points.

Indian currency market were shut on yesterday as banks close their accounts
for the financial year.

OIL & GAS INDEX 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 01-Apr-2009 1688.99 1515.24 +173.75
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 01-Apr-2009 622.22 610.62 +11.6
 
NIFTY & SENSEX SPOT LEVELS TODAY
NSE Nifty Index   3060.35 ( 1.30 %) 39.40       
  1 2 3
Resistance 3097.87 3135.38   3201.47  
Support 2994.27 2928.18 2890.67

BSE Sensex  9901.99 ( 1.99 %) 193.49     
  1 2 3
Resistance 10033.87 10165.75 10409.54
Support 9658.20 9414.41 9282.53

--
Arvind Parekh
+ 91 98432 32381