Wednesday, July 1, 2009

Market Outlook for 1st July 2009

Intraday Calls 01st Jul 2009
+ve sector,scripts: NIIT,BPL,BGREnergy,Arvindmill,pirhealth
Initiate buy calls only if nifty maintain above 4280
BUY Educomp-3791 for a target 3882-3945-3985+ stop loss 3730
BUY Colpal-605 for a target 612-617+ stop loss 601
BUY IndianBnk-146 above 148 for a target 155+ stop loss 145
BUY Sreintfin-81 for a target 87+ stop loss 79
Positional
BUY GNFC-88 for a target 97+ stop loss 84
BUY Hinddor-98 for a target 127+ stop loss 91
BUY HeroHonda-1397 for a target 1415-1430+ stop loss 1387
Expected Breakout calls
BUY BOB-445 above 452 for a target 491+ stop loss 435
BUY TCS-389 above 392 for a target 397-405+ stop loss 387
 
NIFTY FUTURES
SUPPORT
4249
4181
4114
3990
RESISTANCE
4300
4315
4385
4452
4564
4631
Buy AREVA T&D, YES BANK 
 
Strong & Weak  futures  
This is list of 10 strong futures:
Edu Comp, Tulip, Patel Eng, Colpal, Yes bank, Indus Ind Bank, GT Off  Shore, Union Bank, Indian Bank & JP Hydro.
And this is list of 10  Weak futures:
Orchid Chem, Sun Pharma, Ispat Ind, India Cement, Idea, CESC, Bharat Forge, Tata Motors, BRFL & Sterlin Bio.
 Nifty is in Down Trend.
 
 NIFTY FUTURES (F & O):  
Selling may continue up to 4249-4251 zone for time being.
Hurdles at 4300 & 4315 levels. Above these levels, expect short covering up to 4383-4385 zone and thereafter expect a jump up to 4450-4452 zone by non-stop.

Cross above 4562-4564 zone, can take it up to 4629-4631 zone and supply expected at around this zone and have caution.

On Negative Side, rebound expected at around 4181-4183 zone. Stop Loss at 4114-4116 zone.
 
Short-Term Investors:  
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.
Already SL triggered. 3 closes below 4270 level, it can tumble up to 3990 level by non-stop.
 
BSE SENSEX:  
Lower 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.
 
POSITIONAL TRADERS BUY 
Buy AREVA T&D (I) (NSE Cash)  
 
Recovery expected, bulls will try to offload their long positions and have caution.
Mild sell-off up to 324 level can be used to buy. Expect recovery up to 345 level for time being. 

If bulls can able to get past this level then it can zoom up to 357 level & try to offload your long positions too.

Keep a Stop Loss at 312 level for your long positions too.
 
Buy YES BANK (NSE Cash) 
Recovery expected, bulls should do well.

Mild sell-off up to 144 level can be used to buy. Expect recovery up to 154 level for time being. 

If bulls can able to get past this level then it can zoom up to 159 level. If crosses & sustains at above this level then recovery may continue.

Keep a Stop Loss at 140 level for your long positions too.
 
Recovery expected, bulls should do well.

Mild sell-off up to 144 level can be used to buy. Expect recovery up to 154 level for time being. 

If bulls can able to get past this level then it can zoom up to 159 level. If crosses & sustains at above this level then recovery may continue.

Keep a Stop Loss at 140 level for your long positions too.
 
 
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 30-Jun-2009 2942.84 2834.96 +107.88
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 30-Jun-2009 1697.34 1499.36 +197.98
 
SPOT LEVELS
NSE Nifty Index   4291.10 ( -2.27 %) -99.85       
  1 2 3
Resistance 4389.45 4487.80   4548.85  
Support 4230.05 4169.00 4070.65

BSE Sensex  14493.84 ( -1.97 %) -291.90     
  1 2 3
Resistance 14794.08 15094.31 15281.15
Support 14307.01 14120.17 13819.94
 Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,447.00. Down by 82.38 points.
The Broader S&P 500 closed at 919.32. Down by 7.91 points.
The Nasdaq Composite Index closed at 1,835.04. Down by 9.02 points.
The partially convertible rupee ended at 47.90/91 per dollar on Tuesday, stronger than the previous close of 48.10/11. 
  
DELIVERY BUY
Sujana Towers-Powerful Transition
BSE 532887
 
Power and telecom towers maker Sujana Towers Ltd said it had bought 51% in Mauritius-based Telesuprecon Ltd, which executes telecom infrastructure projects in East and Central Africa.
Sujana will subscribe to new equity shares issued by Telesuprecon, at par value.
"This deal gives us readymade access to the African markets and is a step forward in our goal to be a global player in the telecom and power transmission infrastructure sector," group director V.S.R. Murthy said.

The Mauritius firm has about $40 million (Rs172 crore) worth of projects in the pipeline for which Sujana is providing working capital and guarantees of $21 million.

"We have already started providing them the working capital required for the projects," director S. Hanumantha Rao said. The company is also investing Rs150 crore in a new facility in Chennai.  
 
(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