Market Outlook 9th Dec 2009

Intraday calls for 9th Dec 2009

Global cues will drag nifty towards TDL trading support [Buy on dip is advisable]

Buy Infy-2446 @ 2419-2415 for 2485 with sl 2405

Buy AnsalInfra-73 @ 69-68 for 85 with sl 64 [positional]

Buy PNB-938 @ 930-925 for 1000 with sl 900 [positional] 

 

Strong & Weak  futures  
This is list of 10 strong futures:

Orchid Chem, McDowell-N, Ranbaxy, BPCL, Jindal Saw, Hind Petro, India Hotels, Hind Zinc, Suzlon & Indusind Bank. 

And this is list of 10 Weak futures:

Tata Comm, Aban Off shore, IOB, Rel Infra, Punj Lloyd, Great Offshore, Sterling Biotech, Bajaj Hind, Bhel & Ivrcl Infra.
 Nifty is in Up trend  

 

NIFTY FUTURES (F & O): 
 \Below 5126 level, expect profit booking up to 5085-5087 zone and thereafter slide
may continue up to 5045-5047 zone by non-stop.

Hurdle at 5168 level. Above this level, rally may continue up to 5173-5175 zone by non-stop.

Sell if touches 5212-5214 zone. Stop Loss at 5252-5254 zone.

On Negative Side, break below 4979-4981 zone can create panic up to 4939-4941 zone by non-stop. If breaks & sustains this zone then downtrend may continue and have caution.
 
Short-Term Investors:  
Bullish Trend. Stop Loss at 4801.00.
Up Side Target at 5477.00.
 
BSE SENSEX: 
Below 17159 level, expect profit booking up to 17055-17057 zone and thereafter slide
may continue up to 16952-16954 zone by non-stop.

Hurdle at 17238 level. Above this level, rally may continue up to 17248-17250 zone by non-stop.

Sell if touches 17350-17352 zone. Stop Loss at 17453-17455 zone.

On Negative Side, break below 16849-16851 zone can create panic up to 16747-16749 zone by non-stop. If breaks & sustains this zone then downtrend may continue and have caution.
 
Short-Term Investors: 
Bullish Trend. Stop Loss at 16210.44.
Up Side Target at 18226.48.
 
Equity: 
 TATA MOTORS (NSE Cash)

Explosive scrip & Stop Loss is too far on down side. 

Above 725 level, it will race up to 753 & 755 levels and thereafter expect a jump up to 783-785 zone by non-stop.

Down side risk up to 695 level also possible. Stop Loss is far on down side at 694 level.
 
 
ORCHID CHEM (NSE Cash)

Too much risk is there for buyers. If clicks, then expect good profit too.

Down side risk up to 210 level also possible. Stop Loss is too far on down side at 206 level.

Above 222 level, it can zoom up to 230 level by non-stop.
 
CENTURY TEXTILES (NSE Cash)

Explosive scrip & Stop Loss is too far on down side. 

Above 507 & 509 levels, it can zoom up to 529 level and thereafter expect a jump up to 532-534 zone by non-stop.

Down side risk up to 484 level also possible. Stop Loss is too far on down side at 482 level.
 
RAIN COMMODITIES (NSE Cash)

Too much risk is there for buyers. If clicks, then expect good profit too.

Down side risk up to 177 level also possible. Stop Loss is too far on down side at 166 level.

Above 208 level, it can zoom up to 228 level by non-stop.
 
OPTIONS (NSE):  
ICICIBANK CALL OPTION (900 Strike Price)

Explosive & rally may continue.

Down side risk up to 18 level also possible. Stop Loss is too far at 14 level.

Above 22 & 25 levels, it can zoom up to 28 level and thereafter expect a jump up to

29-31 zone by non-stop.
 
SBIN CALL OPTION (2400 Strike Price)

Upside is limited.

Recovery may be limited up to 42 & 43 levels.

Down side risk up to 28 level also possible and thereafter expect unwinding up to 27 level

by non-stop.
 
STOCK FUTURES (NSE):  
RELIANCE INDS FUTURES 

Explosive scrip & Stop Loss is too far on down side. 

Above 1088 & 1091 levels, it can zoom up to 1116 level and thereafter expect a jump up to 1120-1122 zone by non-stop.

Down side risk up to 1060 level also possible. Stop Loss is too far on down side at 1057 level.
 
 
RELIANCE CAPITAL FUTURES 

Explosive scrip & Stop Loss is too far on down side. 

Above 859 & 862 levels, it can zoom up to 879 level and thereafter expect a jump up to 882-884 zone by non-stop.

Down side risk up to 838 level also possible. Stop Loss is too far on down side at 835 level.
 
INVESTMENT BUYS:  
TATA ELXSI (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 352 level (or) even up to 354-356 zone.

Negative Factors:
1 Day: Choppy Trading expected & will rebound from lower levels.

1 Week: Choppy Trading expected & will rebound from lower levels.
 
AXIS BANK (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 1064 level (or) even up to 1074 level.

Negative Factors:

1 Day: Choppy Trading expected & will rebound from lower levels.

1 Week: Choppy Trading expected & will rebound from lower levels.
 
 
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	08-Dec-2009	2809.96	1966.78	843.18

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	08-Dec-2009	1087.3	1591.28	-503.98

 

 

--
Arvind Parekh
+ 91 98432 32381