Tuesday, April 28, 2009

Market Outlook for 28th Apr 09

Trading Calls 28th Apr 2009
Intraday Calls
BUY BEML-527 for a target 540 stop loss 522
BUY TCS-601 for a target 618-23 stop loss 595
SHORT BPCL-377 @ 383 for a target 370 stop loss 386
SHORT Tatasteel-253 @ 258 for a target 247 stop loss 261
Positional Calls
SHORT IBREALEST-130 for a target 122-115 stop loss 135
Expected Breakout Calls
BUY BHEL-1675 for above 1690 a target 1790 stop loss 1665

 
NIFTY FUTURES (F & O)
  Below 3435 level, selling may continue up to 3420-3422 zone and thereafter slide may continue up to 3383-3385 zone by non-stop.
Hurdle at 3480 level. Above this level, expect short covering up to 3492-3494 zone and thereafter expect a jump up to 3530-3532 zone.
Sell if touches 3542-3544 zone. Stop Loss at 3580-3582 zone.
On Negative Side, break below 3371-3373 zone can create panic up to 3333-3335 zone. If breaks & sustains at below this zone then downtrend may continue.
 
   Short-Term Investors:  
 Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
  
BSE SENSEX   
 Lower opening expected & Profit Booking should start.
  
Short-Term Investors:
  
 Short-Term trend is Bullish and target at around 11967 level on upper side.
Maintain a Stop Loss at 10172 level for your long positions too.
 
 
Strong & Weak  futures for 28th April
This is list of 10 strong futures:
31 Infotech, Aban, ABB, ACC, Aditya Birla, Adlabs Film, AIA Engi, Allahabad Bank, Alok Indust & APIL.
And this is list of 10  Weak Futures:
ZEEL, Yes Bank, Wock Pharma, WWIL, Wipro, Wel Guj, Voltas, Vijay Bank, UNIPHOS & Uni Tech.
 Nifty is in Up Trend.
 
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,025.00. Down by 51.29 points.
The Broader S&P 500 closed at 857.51. Down by 8.72 points.
The Nasdaq Composite Index closed at 1,679.41. Down by 14.88 points.
The partially convertible rupee <INR=IN> ended at 50.23/25 per dollar on yesterday, weaker than Friday's close of 49.81/82.
Book Profits in BANKEX Stocks
 
 
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 27-Apr-2009 2097.57 1840.19 +257.38
 
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 27-Apr-2009 1071.18 1003.12 +68.06
 
SPOT LEVELS TODAY
NSE Nifty Index   3470.00 ( -0.31 %) -10.75       
  1 2 3
Resistance 3513.07 3556.13   3595.02  
Support 3431.12 3392.23 3349.17

BSE Sensex  11371.85 ( 0.38 %) 42.80     
  1 2 3
Resistance 11517.12 11662.38 11832.67
Support 11201.57 11031.28 10886.02
 
--
Arvind Parekh
+ 91 98432 32381