Market Outlook for 27th May

Calls 27th May 2009
+ve Sector & Scripts : Spicetele, Archies
BUY AxisBank-744 above 760 for a target 850 stop loss 750
BUY Hindalco-80 above 82 for a target 90 stop loss 80

BUY BHEL-1992 above 2010 for a target 2070 stop loss 1990
BUY Bhusanstl-610 above 630 for a target 700 stop loss 610

BUY Cromptgreav-250 above 260 for a target 277 stop loss 255

 

NIFTY FUTURES LEVELS
RESISTANCE
4140
4203
4264
4325
4385
SUPPORT
4104
4078
4017
3957

 

 

Strong & Weak  futures  
This is list of 10 strong futures:

Penin Land, Parsvnath, Redington, Patel Eng, Gitanjali, IVR Prime, HTMT Global, Finan Tech, JP Hydro & Ispat Ind.

And this is list of 10  Weak :

Cipla, Bharti Airtel, ITC, Colpal, TCS, Sterlin Bio, Hind Uni Lvr, Cairn, Glaxo & Gail.
 Nifty is in Up Trend .

 

NIFTY FUTURES (F & O):  
Above 4140 level, expect short covering up to 4201-4203 zone and thereafter expect a jump up to 4262-4264 zone by non-stop.

Support at 4104 level. Below this level, selling may continue up to 4078-4080 zone by non-stop.

Below 4017-4019 zone, expect panic up to 3957-3959 zone by non-stop.

On Positive Side, short rallies up to 4323-4325 zone can be used to sell. Stop Loss at 4383-4385 zone.
 
Short-Term Investors: 
Bearish Trend. 3 closes below 4620 level, it can tumble up to 3790 level by non-stop. 

BSE SENSEX: 
Higher opening expected. Recovery should start. 

Short-Term Investors:
Short-Term trend is Bearish and target at around 12478 level on down side.
Maintain a Stop Loss at 14931 level for your short positions too.

   

POSITIONAL BUY:
Buy STERLITE INDS (I) (NSE Cash) 
Higher opening expected. Buying may continue.

If trades above 526 level, then buying may continue up to 553 level. Cross above 570 level, expect fire works too. 

If breaks 526 level, then traders can expect profit booking up to 511 level.
 
Buy EVERONN SYSTEMS (I) (NSE Cash) 

Higher opening expected. Buying may continue.

If trades above 323 level, then buying may continue up to 340 level. Cross above 350 level, expect fire works too. 

If breaks 323 level, then traders can expect profit booking up to 314 level.
 
Buy HINDALCO INDS (NSE Cash) 
Higher opening expected. Buying may continue.

If trades above 78 level, then buying may continue up to 82 level. Cross above 85 level, expect fire works too. 

If breaks 78 level, then traders can expect profit booking up to 76 level.
 
Buy ALOK IND FUTURES (NSE) 
Higher opening expected. Buying may continue.

If trades above 20 level, then buying may continue up to 22 level. Cross above 23 level, expect fire works too. 

If breaks 20 level, then traders can expect profit booking.
 
Buy S KUMARS NATIONWIDE FUTURES (NSE) 
Higher opening expected. Buying may continue.

If trades above 37 level, then buying may continue up to 39 level. Cross above 40 level, expect fire works too. 

If breaks 37 level, then traders can expect profit booking up to 36 level.
 

 
SPOT LEVELS

	4116.70	( -2.85 %)	-120.85
		1	2	3
Resistance		4217.75	4318.80	4381.55
Support		4053.95	3991.20	3890.15

	13589.23		( -2.33 %)	-323.99
			1	2	3
Resistance			13880.86	14172.50	14353.53
Support			13408.19	13227.16	12935.52

Global Cues & Rupee  
The Dow Jones Industrial Average closed at 8,473.49. Up by 196.17 points.
The Broader S&P 500 closed at 910.33. Up by 23.33 points.

The Nasdaq Composite Index closed at 1,750.43. Up by 58.42 points.

The partially convertible rupee <INR=IN> closed at 47.88/90 per dollar on yesterday, down from Monday's close of 47.28/30.
 

 

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	26-May-2009	2237.63	2434.65	-197.02

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	26-May-2009	1154.58	1292.77	-138.19

 

DELIVERY BUY

Eldeco Housing 

BSE 523329  
Eldeco Housing BSE 523329 to build 200 Service Apartments for UK based Real Estate Developer Tricon Infra for a project value of Rs 250 crore, near the Hotel Radisson, Noida....BUY

(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)

--
Arvind Parekh
+ 91 98432 32381