• ONGC said its overseas crude output will fall this year as fields age, and an increase is likely after new areas in Brazil and Myanmar start production by 2012. (Bloomberg)
• NTPC has agreed to buy natural gas from RIL but is opposed to paying marketing margin to the private firm and wants to use the fuel at plants other than Kawas and Gandhar that were identified by the government. (BS)
• Infotech Enterprises has secured a multi-million dollar contract from Malaysia-based inCONTROL Tech for implementing GIS information system for a power utility in that country. (BS)
Economic and Political Headline
• The Prime Minister Manmohan Singh said that the country's economy is even now capable of growing by 8%-9%, the same rate as it did before the global financial meltdown set in. (BS)
• JPMorgan Chase & Co., Goldman Sachs Group Inc., and Morgan Stanley were among 10 lenders that won the US Treasury approval to buy back USD 68 bn of government shares, freeing them from added oversight that curbed lending practices, hiring, and pay. (Bloomberg)
• China's passenger-vehicle sales rose 47% in May, the biggest jump since February 2006, as tax cuts and government subsidies helped extend the country's lead over the US as the world's biggest auto market this year. (Bloomberg)
UNITECH,MRPL,IBN18,IFCI,MOSERBAER
BUY Infy-1794 for a target 1823-1855 stop loss 1780
BUY Sesagoa-175 for a target 185 stop loss 171
BUY DLF-402 for a target 424 stop loss 395
BUY INDANBnk-128 above 130 for a target 138 stop loss 128
This is list of 10 strong futures:
Nifty is in Up Trend .
NIFTY FUTURES (F & O):
Below 4513 level, expect profit booking up to 4442-4444 zone and thereafter it can slide up to 4373-4375 zone by non-stop.
Hurdle at 4561 level. Above this level, buying may continue up to 4579-4581 zone by non-stop.
Sell if touches 4648-4650 zone. Stop Loss at 4717-4719 zone.
On Negative Side, break below 4304-4306 zone can take it up to 4235-4237 zone. If breaks & sustains this zone then downtrend may continue.
Short-Term Investors:
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.
BSE SENSEX:
Lower opening expected. Profit Booking should start.
Short-Term trend is Bearish and target at around 14931 level on down side.
Maintain a Stop Loss at 16157 level for your short positions too.
POSITIONAL
Buy UNITECH (NSE Cash)
Higher opening expected. Uptrend may continue.
If trades above 86 level, then uptrend may continue up to 91 level. Cross above 93 level, expect fire works too.
If breaks 86 level, then traders can expect profit booking up to 84 level.
Buy IBN18 BROADCAST (NSE Cash)
If trades above 128 level, then uptrend may continue up to 134 level. Cross above 138 level, expect fire works too.
If breaks 128 level, then traders can expect profit booking up to 124 level.
Buy MRPL (NSE Cash)
Higher opening expected. Uptrend may continue.
If trades above 93 level, then uptrend may continue up to 97 level. Cross above 100 level, expect fire works too.
If breaks 93 level, then traders can expect profit booking up to 90 level.
Buy IFCI FUTURES (NSE)
Higher opening expected. Uptrend may continue.
If trades above 52 level, then uptrend may continue up to 55 level. Cross above 57 level, expect fire works too.
If breaks 52 level, then traders can expect profit booking up to 51 level.
Buy MOSER-BAER (I) FUTURES (NSE)
Higher opening expected. Uptrend may continue.
If trades above 105 level, then uptrend may continue up to 111 level. Cross above 114 level, expect fire works too.
If breaks 105 level, then traders can expect profit booking up to 102 level.
The Dow Jones Industrial Average closed at 8,763.06. Down by 1.43 points.
The Broader S&P 500 closed at 942.43. Up by 3.29 points.
The Nasdaq Composite Index closed at 1,852.11. Up by 17.73 points.
The partially convertible rupee <INR=IN> ended at 47.48/49 per dollar yesterday, higher than Monday's close of 47.555/565.
 | 4550.95 | ( 2.73 %) | 121.05 |  |
| 1 | 2 | 3 | ||
| Resistance | 4559.32 | 4688.73 | 4766.07 | |
| Support | 4352.57 | 4275.23 | 4145.82 | |
 | 15127.00 | ( 3.14 %) | 461.08 | | |
| 1 | 2 | 3 | |||
| Resistance | 15043.08 | 15420.25 | 15639.67 | ||
| Support | 14446.49 | 14227.07 | 13849. | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 09-Jun-2009 | 3841.61 | 2886.3 | +955.31 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 09-Jun-2009 | 1448.84 | 1592.05 | -143.21 |
Have a look at Modern Dairies-the largest milk processing unit set up in Karnal, Haryana with an investment of over Rs 400 crore-the most modern milk plant in Asia.
The promoters subscribed and converted all their warrants at Rs 80 per share.
IFC Washington has taken this unit as a show piece project for Asia, with an Equity contribution of 20 per cent (46,50,000 shares at Rs 60 per share), and additional credit lines of $ 10-20 mn for working capital.
PSU banks with terms loans of Rs 300 crore have recently approved the CDR package.
The company sells for Rs 58 crore. (Equity 2.3 crore shares at Rs 25).
The plant handles 350,000 litres of fresh milk per day, collecting the same from nearly 200 villages around Karnal.
The unit is a big supplier of Milk solids to Mcdonalds, Pizza Hut, Glaxo and Smithkline Beecham for Horlicks. During FY10 Modern Dairies intends to reduce component of milk sales and increase sales of processed milk, condensed milk, mozarella and many other forms of processed cheese. This will increase the shelf life of products sold, while fresh milk will be moved from poly packs to tetra pack thereby catering to the marketing needs of Nestle.
Recent agreements have been signed with Reliance Fresh to provide fresh milk under the Reliance Fresh Trademark to NCR residents.
Compare valuations with Milkfood, Heritage Foods and Kwality Dairy and also look up www.milkplus.com to know the company better.
(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
