Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Bajaj Hind, JP Hydro, BEML, MRPL, ABAN, Sobha, Voltas, Laxmi Mach, Parsvnath & S Kumar Synf.
And this is list of 10 Weak :
Indian B, Bharti Airtel, PFC, Dabur, Axis Bank, Essar Oil, Star, PNB, Sterlin Bio & ITC.
Nifty is in Up Trend .
Nifty is in Up Trend .
Intraday Calls 12thJun 2009
+ve Sector, Scripts : Fertilizers, Sugars Nagarfert, Gujalkali,
Appollotyre, CholaDBS
+ve Sector, Scripts : Fertilizers, Sugars Nagarfert, Gujalkali,
Appollotyre, CholaDBS
BUY TataMotors-369 for a target 378 stop loss 365
BUY TataChem-261 for a target 290 stop loss 253
BUY TataChem-261 for a target 290 stop loss 253
BUY Bindalgro-27.75 for a target 30.50 stop loss 27
BUY Chambalfert-71.75 above 73 for a target 79 stop loss 71
BUY GNFC-102 for a target 109 stop loss 100
BUY Chambalfert-71.75 above 73 for a target 79 stop loss 71
BUY GNFC-102 for a target 109 stop loss 100
NIFTY FUTURES (F & O):
Above 4668 level, expect short covering up to 4701-4703 zone and thereafter expect a jump up to 4723-4725 zone by non-stop.
Above 4668 level, expect short covering up to 4701-4703 zone and thereafter expect a jump up to 4723-4725 zone by non-stop.
Support at 4625 & 4632 levels. Below these levels, selling may continue up to 4612-4614 zone and thereafter expect a slide up to 4590-4592 zone by non-stop.
Break below 4579-4581 zone, expect panic up to 4557-4559 zone by non-stop.
On Positive Side, cross above 4734-4736 zone can take it up to 4757-4759 zone. Supply expected at around this zone and have caution.
Short-Term Investors:
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.
BSE SENSEX:
Higher opening expected. Recovery should start.
Higher opening expected. Recovery should start.
Short-Term Investors:
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.
INVESTMENT BUY:
Buy RELIANCE CAPITAL (NSE Cash)
Higher opening expected. Buying may continue.
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.
INVESTMENT BUY:
Buy RELIANCE CAPITAL (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 982 level, then buying may continue up to 1032 level. Above 1063 level, expect fire works too.
If breaks 982 level, then traders can expect profit booking up to 952 level.
Buy SESA GOA (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 187 level, then buying may continue up to 197 level. Above 203 level, expect fire works too.
If breaks 187 level, then traders can expect profit booking up to 182 level.
Buy ICICI BANK (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 732 level, then buying may continue up to 769 level. Above 792 level, expect fire works too.
If breaks 732 level, then traders can expect profit booking up to 710 level.
Buy RELIANCE NATURAL RESOURCES FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 89 level, then buying may continue up to 94 level. Above 96 level, expect fire works too.
If breaks 89 level, then traders can expect profit booking up to 86 level.
Buy IDEA CELLULAR FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 85 level, then buying may continue up to 90 level. Above 92 level, expect fire works too.
If breaks 85 level, then traders can expect profit booking up to 83 level.
Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,770.92. Up by 31.90 points.
The Broader S&P 500 closed at 944.89. Up by 5.74 points.
DELIVERY
Satyam Computers-Take Profits
L&T's AM Naik was ridiculed for having taken a near 14 per cent stake in Satyam Computer, just as the scale and size of rip-off at the company was made known to the World by the founder Mr. Raju. The stock sank from Rs 400 in September 2008 to Rs 7 in January 2009. Post-takeover by Tech Mahindra and disclosure of its finances to the Stock Exchanges a new interest is now visible in the counter.
All troubles at the counter have been forgotten. The open offer to purchase 19 crore shares by Tech Mahindra will in all likeli-hood will fail, and yet huge volumes to the tune of 15 mn per day per exchange accompanied by a price rise of near 30 per cent in three days shows larger forces are at work, something that has no link to reality but is reminiscent of operators driving the stock just like they did way back in the 1998-2000 period.
With scary financial margins, it is to be questioned why is Mr. Naik not selling the Satyam stock? And yet, there are no answers for here is a company which was losing close to Rs 500 crore on one investment, and having recouped the same is not getting out knowing that with Mahindra's on board they will never have a working relationship with Satyam.
Like flies attracted to a burning light speculators are moving towards the Satyam with Buyer freeze of 15 mn on each exchange. One day reality will dawn, investors will do well to take the 30 per cent in short term profits and let the speculators carry the stock further on momentum.
The Dow Jones Industrial Average closed at 8,770.92. Up by 31.90 points.
The Broader S&P 500 closed at 944.89. Up by 5.74 points.
The Nasdaq Composite Index closed at 1,853.40. Up by 9.29 points.
The partially convertible rupee <INR=IN> ended at 47.60/61 per dollar on yesterday, weaker than Wednesday's close of 47.24/25.
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 | 11-Jun-2009 | 3361.27 | 2574.7 | 786.57 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 11-Jun-2009 | 1946.28 | 1388.14 | 558.14 |
DELIVERY
Satyam Computers-Take Profits
L&T's AM Naik was ridiculed for having taken a near 14 per cent stake in Satyam Computer, just as the scale and size of rip-off at the company was made known to the World by the founder Mr. Raju. The stock sank from Rs 400 in September 2008 to Rs 7 in January 2009. Post-takeover by Tech Mahindra and disclosure of its finances to the Stock Exchanges a new interest is now visible in the counter.
All troubles at the counter have been forgotten. The open offer to purchase 19 crore shares by Tech Mahindra will in all likeli-hood will fail, and yet huge volumes to the tune of 15 mn per day per exchange accompanied by a price rise of near 30 per cent in three days shows larger forces are at work, something that has no link to reality but is reminiscent of operators driving the stock just like they did way back in the 1998-2000 period.
With scary financial margins, it is to be questioned why is Mr. Naik not selling the Satyam stock? And yet, there are no answers for here is a company which was losing close to Rs 500 crore on one investment, and having recouped the same is not getting out knowing that with Mahindra's on board they will never have a working relationship with Satyam.
Like flies attracted to a burning light speculators are moving towards the Satyam with Buyer freeze of 15 mn on each exchange. One day reality will dawn, investors will do well to take the 30 per cent in short term profits and let the speculators carry the stock further on momentum.
(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.)
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Arvind Parekh
+ 91 98432 32381
--
Arvind Parekh
+ 91 98432 32381
