Intraday Calls 30th Jun 2009
+ve sector,scripts: Zicom
BUY KLGSystel-177 for a target 182+ stop loss 175
BUY Cummins-289 for a target 303 stop loss 282
+ve sector,scripts: Zicom
BUY KLGSystel-177 for a target 182+ stop loss 175
BUY Cummins-289 for a target 303 stop loss 282
BUY CAIRN-234 for a target 239-244 stop loss 231
BUY NTPC-197 for a target 201-205 stop loss 194
BUY NTPC-197 for a target 201-205 stop loss 194
Breakout calls
BUY Renuka-148 for a target 163 stop loss143
BUY Renuka-148 for a target 163 stop loss143
Positional Calls (7-10 days)
BUY DCMsrmcon-55 for a target 57.50-65+ stop loss 54.50
BUY ALBK-79 for a target 89 stop loss 75
BUY TULIP-784 for a target 849 stop loss 775
BUY PNB-680 for a target 760 stop loss 665
BUY DCMsrmcon-55 for a target 57.50-65+ stop loss 54.50
BUY ALBK-79 for a target 89 stop loss 75
BUY TULIP-784 for a target 849 stop loss 775
BUY PNB-680 for a target 760 stop loss 665
NIFTY FUTURES LEVELS
RESISTANCE
4406
4446
4484
4830
SUPPORT
4380
4361
4321
4283
4270
Buy MOTHERSON SUMI,PSL LTD
RESISTANCE
4406
4446
4484
4830
SUPPORT
4380
4361
4321
4283
4270
Buy MOTHERSON SUMI,PSL LTD
Headlines : 30 June 2009
Corporate News Headline
• BHEL has bagged a Rs. 1.7 bn order from Chennai Petroleum Corporation for setting up gas turbine-based co-generation power plant at its Manali refinery. (BS)
• Welspun-Gujarat Stahl Rohren has bagged orders worth Rs. 9.6 bn from India and overseas for producing pipes and others. (BS)
• Areva T&D has bagged an order from aluminium major Hindalco for erecting 440 KV substations at its plants in Singrauli (MP) and Sambalpur (Orissa). (BS)
Economic and Political Headline
• The government has decided to compensate states for any revenue loss on account of the implementation of the Goods and Services Tax, a move that will encourage states to go in for the new tax structure scheduled to be implemented from April 1, next year. (BS)
• Japan's manufacturers plan to limit production increases this month and in July, signaling the economy may be slow to recover from its worst postwar slump. (Bloomberg)
• European confidence in the economic outlook rose 73.3, more than economists forecast in June, adding to signs that record low interest rates and stimulus measures are helping to pull the region out of a recession. (Bloomberg)
Corporate News Headline
• BHEL has bagged a Rs. 1.7 bn order from Chennai Petroleum Corporation for setting up gas turbine-based co-generation power plant at its Manali refinery. (BS)
• Welspun-Gujarat Stahl Rohren has bagged orders worth Rs. 9.6 bn from India and overseas for producing pipes and others. (BS)
• Areva T&D has bagged an order from aluminium major Hindalco for erecting 440 KV substations at its plants in Singrauli (MP) and Sambalpur (Orissa). (BS)
Economic and Political Headline
• The government has decided to compensate states for any revenue loss on account of the implementation of the Goods and Services Tax, a move that will encourage states to go in for the new tax structure scheduled to be implemented from April 1, next year. (BS)
• Japan's manufacturers plan to limit production increases this month and in July, signaling the economy may be slow to recover from its worst postwar slump. (Bloomberg)
• European confidence in the economic outlook rose 73.3, more than economists forecast in June, adding to signs that record low interest rates and stimulus measures are helping to pull the region out of a recession. (Bloomberg)
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Bajaj Hind, Indus Ind Bank, Edu Comp, IVRCL Infra, Yes Bank, JP Hydro, IDBI, Axis bank, Patni & LIC Housing Finance.
And this is list of 10 Weak futures:
BRFL, Ispat Ind, Nation Aluminium, India Cement, Sterlin Bio, CESC, Tata Motors, Bharat Forge, Orchid Chem & Sun Pharma.
Nifty is in Down Trend.
Nifty is in Down Trend.
NIFTY FUTURES (F & O):
Rally may continue up to 4406 level for time being.
Rally may continue up to 4406 level for time being.
Support at 4380 level. Below this level, expect profit booking up to 4361 level by non-stop.
Buy if touches 4321-4323 zone. Stop Loss at 4283-4285 zone.
On Positive Side, cross above 4444-4446 zone can take it up to 4482-4484 zone. If crosses & sustains this zone then uptrend may continue.
Short-Term Investors:
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.
Already SL triggered.
BSE SENSEX:
Higher opening expected. Uptrend should continue.
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.
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. 3 closes above 14931 level, expect short covering up to 16157 level by non-stop.
POSITIONAL BUY
POSITIONAL BUY
Buy MOTHERSON SUMI (NSE Cash)
Profit Booking expected in 1 day.
Profit Booking expected in 1 day.
Bullish for 1 Week, but bulls will try to offload their long positions.
Bullish for 1 Month & Bulls will have two minds.
Profit booking expected in 3 Months. Good news expected, but that news will not favour bulls.
Profit Booking expected in 1 year.
Buy PSL LTD (NSE Cash)
Uptrend to continue in 1 day, 1 week.
Bullish for 1 Month, 3 Months & Bulls will have two minds.
Bullish for 1 Year, but bulls will try to offload their long positions.
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 | 29-Jun-2009 | 2390.09 | 2097.65 | +292.44 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 29-Jun-2009 | 1371.32 | 1227.48 | +143.84 |
SPOT LEVELS
 | 4390.95 | ( 0.35 %) | 15.45 |  |
| 1 | 2 | 3 | ||
| Resistance | 4436.97 | 4482.98 | 4526.02 | |
| Support | 4347.92 | 4304.88 | 4258.87 | |
 | 14785.74 | ( 0.14 %) | 21.10 | | |
| 1 | 2 | 3 | |||
| Resistance | 14932.38 | 15079.01 | 15202.48 | ||
| Support | 14662.28 | 14538.81 | 14392.18 | ||
Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,528.93. Up by 90.54 points.
The Broader S&P 500 closed at 927.14. Up by 8.24 points.
In addition to the above, HDO has bagged another prestigious order from HPCL-Mittal Pipelines Ltd for crude oil terminal effluent treatment facility at Mundra of value Rs 9.90 crs. This is to be executed with in time period of 11 months. With the latest order from HPCL, Hind Dorr's order book now exceeds Rs 1700 crore which is roughly 3 years order book for the company.
The grapevine has it that two very large water treatment plant orders from the Mumbai Municipal Corporation worth Rs 500 crore are expected shortly.
(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.)
The Dow Jones Industrial Average closed at 8,528.93. Up by 90.54 points.
The Broader S&P 500 closed at 927.14. Up by 8.24 points.
The Nasdaq Composite Index closed at 1,844.06. Up by 5.84 points.
The partially convertible rupee ended at 48.10/11 per dollar on yesterday, unchanged from Friday's close.
INVESTMENT
INVESTMENT
Hindustan Dorr Oliver-Emerging As The Strongest Infra Play
BSE 509627
Hindustan Dorr Oliver Ltd has bagged another order worth Rs 108.9 Crores from HPCL-Mittal Energy Ltd for Effluent Treatment Plant of 12 MLD capacity to be executed within, a period of 17 months, HDO will integrate all concurrent innovative technologies like SBR, MBR, Sludge Bio-remediation and VOC treatment to ensure zero discharge and pollution free refinery, meeting international standards.
Hindustan Dorr Oliver Ltd has bagged another order worth Rs 108.9 Crores from HPCL-Mittal Energy Ltd for Effluent Treatment Plant of 12 MLD capacity to be executed within, a period of 17 months, HDO will integrate all concurrent innovative technologies like SBR, MBR, Sludge Bio-remediation and VOC treatment to ensure zero discharge and pollution free refinery, meeting international standards.
By securing this order, the complete water management solution for this new grass root refinery will be executed by HDO.
In addition to the above, HDO has bagged another prestigious order from HPCL-Mittal Pipelines Ltd for crude oil terminal effluent treatment facility at Mundra of value Rs 9.90 crs. This is to be executed with in time period of 11 months. With the latest order from HPCL, Hind Dorr's order book now exceeds Rs 1700 crore which is roughly 3 years order book for the company.
The grapevine has it that two very large water treatment plant orders from the Mumbai Municipal Corporation worth Rs 500 crore are expected shortly.
(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
