Monday, June 15, 2009

Market Outlook for 15th June

SELL HDFC-2282 for a target 2225 stop loss 2305
SELL TechM-721 below 715 a target 685 stop loss 727
BUY CanBank-240 above 245 for a target 255 stop loss 240

Breakout Calls
BUY JaysreeTea-180 for a target 189 stop loss 177
BUY McleodRus-106 for a target 122 stop loss 101
BUY Wockphar-147 for a target 170 stop loss 140

Expected Breakout Calls
BUY RPL-147 above 149 for a target 164 stop loss 145
BUY STER-720 above 727 for a target 744 stop loss 720

Positional Calls
BUY Hindzinc-665 for a target 694,723 stop loss 655
BUY Cipla-251 for a target 265,274 stop loss 245
 
Strong & Weak  futures  
This is list of 10 strong futures:
Bajaj Hind, Satyam Com, JSW Steel, Tech Mahindra Ltd.,S Kumar Syn, Wel Guj, Bindal Agro, Auro Pharma, Sesa Goa & J P Hydro..
And this is list of 10  Weak :
Canara Bank, BPCL, PNB, Hind Petro, Strides Arcolab, Sterling Bio, SBI, HDIL, Naukri & Syndicate Bank.
 Nifty is in Up Trend .
 
NIFTY FUTURES (F & O): 
 Above 4614 level, expect short covering up to 4664-4666 zone and thereafter expect a jump up to 4713-4715 zone by non-stop.
Multiple Supports at 4579 level & at 4576-4578 zone. Below these levels, selling may continue up to 4561 level and thereafter it can slide up to 4526-4528 zone by non-stop.

Below 4509-4511 zone, expect panic up to 4460-4462 zone by non-stop.

On Positive Side, cross above 4763-4765 zone can take it up to 4813-4815 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. 

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.
Already SL triggered. Technically short covering should continue up to 16157 level.
 

POSITIONAL
Sell GMR INFRASTRUCTURE (NSE Cash) 
Lower opening expected. Profit booking may start.
If trades below 163 level, then profit booking may start up to 155 level. Below 151 level, expect free fall too. 

If crosses 163 level, then traders can expect further buying up to 168 level.
 
Sell HIND CONSTRUCTION CO (NSE Cash) 
Lower opening expected. Selling may continue.
If trades below 109 level, then selling may continue up to 104 level. Below 100 level, expect free fall too. 

If crosses 109 level, then traders can expect short covering up to 112 level.
 
Sell IVRCL INFRASTR & PROJECTS (NSE Cash) 
Lower opening expected. Selling may continue.
If trades below 347 level, then selling may continue up to 330 level. Below 320 level, expect free fall too. 

If crosses 347 level, then traders can expect short covering up to 357 level.
 
Sell TVS MOTOR COMPANY FUTURES (NSE) 
Lower opening expected. Selling may continue.
If trades below 50 level, then selling may continue up to 47 level. Below 46 level, expect free fall too. 

If crosses 50 level, then traders can expect short covering up to 51 level.
 
Sell TATA POWER FUTURES (NSE) 
Lower opening expected. Selling may continue.
If trades below 1205 level, then selling may continue up to 1146 level. Below 1112 level, expect free fall too. 

If crosses 1205 level, then traders can expect short covering up to 1241 level.
 
Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,799.26. Up by 28.34 points.
The Broader S&P 500 closed at 946.21. Up by 1.32 points.
The Nasdaq Composite Index closed at 1,858.80. Down by 3.57 points.
The rupee ended at 47.61/62 per dollar on Friday, weaker than Thursday's close of 47.60/61.
 
(May not be useful for day-traders.)

Everest Kanto Cylinders-Attractive With A 2 Year View
 EKC is amongst the largest cylinder manufacturers in the World with a capacity to manufacture about 1.5 mn cylinders per annum. Rising demand for CNG cylinders both in the domestic and international markets has allowed EKC to raise CNG manufacturing capacity from 4.76 lakh nos to 8.96 lakh number by FY11.

Plants in Dubai and China are well placed to meet demand from centres in China, Iran, Egypt and the sub-continent. This when demand in India too is expected to trend upwards as GAIL through subsidiary IGL and Mahanagar Gas targets setting up city based gas projects in 20 cities over the next 3-5 years.

EKC is likely to maintain an earnings growth trajectory of 25 per cent CAGR between FY09 and FY11. The stock is attractive from a two year view.    
      
(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.)
 
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 12-Jun-2009 2854.94 2385.59 469.35

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 12-Jun-2009 1338.32 1589.03 -250.71

 

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Arvind Parekh
+ 91 98432 32381