Market Outlook 10th Dec 2009

 

NIFTY FUTURE LEVELS
RESISTANCE
5146
5155
5178
5201
5224
SUPPORT
5116
5111
5093
5070
5048

 

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

Orchid Chem, Ranbaxy, BPCL, McDowell-N, BEL, Hind Petro, Ansal Infra, KFA, Hotel Leela & Dena Bank. 

And this is list of 10 Weak futures:

Tata Comm, Aban Off shore, IOB, Bank of Baroda, Rel Infra, Bajaj Hind, ICICI Bank, Nagarjuna Const, Punj Lloyd & BRFL. 
Nifty is in Up trend  

 

NIFTY FUTURES (F & O):  
Above 5146 level, expect short covering up to 5153-5155 zone and thereafter expect a jump up to 5176-5178 zone by non-stop.

Support at 5116-5118 zone. Below this zone, selling may continue up to 5111 & 5112 levels and thereafter slide may continue up to 5093-5095 zone by non-stop.

Below 5070-5072 zone, expect panic up to 5048-5050 zone.

On Positive Side, cross above 5199-5201 zone can take it up to 5222-5224 zone and supply expected at around this zone and have caution.
 
Short-Term Investors:  
Bullish Trend. Stop Loss at 4801.00.
Up Side Target at 5477.00.
 
CNX BANK INDEX (F&O):
Above 9205 level, expect short covering up to 9268-9270 zone and thereafter expect a jump up to 9331-9333 zone by non-stop.

Support at 9161 level. Below this level, selling may continue up to 9142-9144 zone.

Below 9079-9081 zone, expect panic up to 9016-9018 zone.

On Positive Side, cross above 9393-9395 zone can take it up to 9456-9458 zone and supply expected at around this zone and have caution.
 
Short-Term Investors:  
Bullish Trend. Stop Loss at 8550.00.
Up Side Target at 9996.00.
 
Equity:  
HCL TECHNOLOGIES (NSE Cash)

Looks interesting. Both Bulls & Bears will have a chance. Sharp movements expected.

Above 358 level, it will race up to 366 & 367 levels and thereafter expect a jump up to 370-372 zone by non-stop.

Below 354 level, expect profit booking up to 344 & 346 levels and thereafter it can tumble up to 340-342 zone by non-stop.
 
TATA STEEL (NSE Cash)

Weak & Selling recommended. Negative factor is that Stop Loss is too far on upper side.

Below 542 level, selling may continue up to 519 & 522 levels and thereafter it can tumble up to 498-500 zone by non-stop.

Up side risk up to 564 level also possible. Stop Loss at 567 level & too far on upper side.
 

IVRCL INFRASTR & PROJECTS (NSE Cash)

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

Above 384 & 386 levels, it will race up to 399 level and thereafter expect a jump up to 403-405 zone by non-stop.

Down side risk up to 368 level also possible. Stop Loss is far on down side at 365 level.
 
BANK OF BARODA (NSE Cash)

Weak & Selling recommended. Negative factor is that Stop Loss is too far on upper side.

Below 508 level, selling may continue up to 489 & 500 levels and thereafter it can tumble up to 486-488 zone by non-stop.

Up side risk up to 520 level also possible. Stop Loss at 528 level & too far on upper side.
 
OPTIONS (NSE): 
 NIFTY 5100 PUT OPTION

Upside may be limited.

Above 112 level, rally may continue up to 127 level by non-stop.

Down side risk up to 100 level also possible. Risk is that, Stop Loss is too far at 85 level.
 
BHARTIARTL 330 CALL OPTION

Upside may be limited & risk is too high.

Above 17 level, rally may continue up to 18 level by non-stop.

Below 11 & 12 levels, expect unwinding up to 7 level and thereafter slide may continue up to

3-5 zone by non-stop.
 
STOCK FUTURES (NSE):  
ICICI BANK FUTURES

Looks interesting. Both Bulls & Bears will have a chance. Sharp movements expected.

Below 854 level, selling may continue up to 839 & 846 levels and thereafter it can tumble up to 833-835 zone by non-stop.

Above 865 level, it will race up to 873 & 877 levels and thereafter expect a jump up to 884-886 zone by non-stop.
 
DLF FUTURES 

Upside may be limited & selling may continue.

Upside may be limited up to 389 & 390 levels.

Below 378 & 379 levels, selling may continue up to 371 level and thereafter it can tumble up to 366-368 zone by non-stop.
 
INVESTMENT BUYS:  
AARTI DRUGS (BSE Code: 524348)

Good looking scrip for 1 Week Holding. Target at 138-140 zone.

Negative Factors:
1 Day: Choppy Trading expected & will rebound from lower levels.
  
WIPRO (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 684 level (or) even up to 688-690 zone.

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	09-Dec-2009	2055.83	2433.15	-377.32

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	09-Dec-2009	1347.98	1329.11	18.87

 

SPOT INDEX LEVELS TODAY

	5112.00	( -0.70 %)	-35.95
		1	2	3
Resistance		5180.70	5213.45	5274.35
Support		5087.05	5026.15	4993.40

	17125.22		( -0.59 %)	-102.46
			1	2	3
Resistance			17322.28	17416.87	17595.96
Support			17048.60	16869.51	16774.92

--
Arvind Parekh
+ 91 98432 32381