Market Outlook 17th dec 2009

 

 Intraday calls for 17th Dec 2009
+ve Sector, Script : ABB, Auropharma, HCL-infosys, INFY
Buy Dr.Reddy-1143 for 1161 with sl 1133
Buy Abirnuvo-869 for 884-891 with sl 860
Buy Nagarconstru-158 for 162-164 with sl 155
Buy Bhusansteel-1341 above 1350 for 1380 with sl 1333
 

 

NIFTY FUTURE LEVELS

SUPPORT

5028

5000

4975

4966

4941

RESISTANCE

5065

5084

5092

5118

HAVELS;JSWSTEEL;SESAGOA;PUNJLLOYRD;UNITECH;BHARATI;INFOSYS;JINDALSTEEL 

 

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

 Ranbaxy, Idea, ACC, Hotel Leela, Bajaj Auto, BEL, Divi'S Lab, Chambal Fert, Sail Ltd & Infosys Tech.

And this is list of 10 Weak futures:

 Andhra Bank, Orient Bank, Ivrcl Infra, Tata Comm, Aban Off shore, IDFC, Allahabad Bank, IOB, Corporation Bank & Bank Of India.
 Nifty is in Down trend  

 

NIFTY FUTURES (F & O):  
Below 5028 level, expect profit booking up to 5000-5002 zone and thereafter slide may continue up to 4975-4977 zone by non-stop.

Hurdles at 5051 level & at 5056-5058 zone. Above these levels, buying may continue up to 5065 level and thereafter expect a jump up to 5082-5084 zone by non-stop.

Sell if touches 5090-5092 zone. Stop Loss at 5116-5118 zone.

On Negative Side, break below 4966-4968 zone can create panic up to 4941-4943 zone by non-stop. If breaks & sustains this zone then down trend may continue and have caution.
 
Short-Term Investors: 

Bullish Trend. Stop Loss at 4801.00.
Up Side Target at 5477.00.
 
CNX BANK INDEX (F&O):  
Selling may continue up to 8510.80-8512.80 zone.

Stop Loss is too far on upper side at 8853.20-8855.20 zone.
 
Equity:
ORCHID CHEM (NSE Cash)

Down side may be limited.

Below 196 & 197 levels, selling may continue up to 186 level by non-stop.

Hurdle at 201 level. Above this level, expect short covering up to 225 level and thereafter expect a jump up to 235 level by non-stop.
 
 
HAVELLS INDIA (NSE Cash)

No trigger & Range bound trading expected.

Above 480 level, rally may continue up to 486 level and thereafter expect a jump up to 493 level by non-stop.

Support at 472 level. Below this level, expect profit booking up to 433 level and thereafter it can tumble up to 425 level by non-stop.
 
 
JSW STEEL (NSE Cash)

Explosive. Negative factor is that, Stop Loss is too far on down side.

Above 988 level, rally may continue up to 1027-1029 zone by non-stop.

Below 968 level, expect profit booking up to 943 level. Keep a Stop Loss at 936 level and buy. Stop Loss is too far on down side.
 
 
UNITED SPIRITS (NSE Cash)

No trigger & Range bound trading expected.

Above 1315 level, rally may continue up to 1324 level.

Below 1289 level, expect profit booking up to 1259 level and thereafter it can tumble up to 1250 level by non-stop.
 
 
Will you take a risk of Rs.22.85? (From Yesterday's closing price). 

Then Sell ONGC CORPN (NSE Cash) with a Stop Loss of 1209.85-1211.85 zone. 

Target at 1163.05-1165.05 zone.
 
 
Will you take a risk of Rs.7.25? (From Yesterday's closing price). 

Then Buy ROLTA (I) (NSE Cash) with a Stop Loss of 178.60-180.60 zone. 

Target at 196.40-198.40 zone.
 
 
Will you take a risk of Rs.9.15? (From Yesterday's closing price). 

Then Buy PUNJ LLOYD (NSE Cash) with a Stop Loss of 192.50-194.50 zone. 

Target at 208.80-210.80 zone.
 
OPTIONS (NSE):
 
NIFTY 5100 CALL OPTION

Expected to fall. But risk is high.

Hurdles at 70 & 74 levels. Above these levels, expect short covering up to 81 level and thereafter expect a jump up to 91-93 zone by non-stop.

Below 60 level, selling will continue up to 45 & 48 levels and thereafter it can tumble up to 37-39 zone by non-stop.
 
 
TATASTEEL 560 CALL OPTION

Explosive & Will zoom.

Hurdles at 19 & 20 levels. Above these levels, it can zoom up to 26-28 zone by non-stop.

Support at 14-16 zone. Below this zone, expect profit booking up to 13 level. Stop Loss can be kept at this level.

 
STOCK FUTURES (NSE):  
INFOSYS FUTURES

Explosive. Negative factor is that, Stop Loss is too far on down side.

Above 2559 level, rally may continue up to 2577 level and thereafter expect a jump up to 2607-2609 zone by non-stop.

Support at 2508 level. Below this level, expect profit booking up to 2471 & 2483 levels and thereafter it can tumble up to 2451-2453 zone by non-stop. Stop Loss can be kept at this level & too far on down side.
 
 
BHARTI AIRTEL FUTURES 

Explosive. It will zoom.

Above 329 level, it can zoom up to 337 level and thereafter expect a jump up to 339-341 zone by non-stop.

Support at 323 level. Below this level, expect profit booking up to 318 level. Keep a Stop Loss at 317 level and buy. Stop Loss is too far on down side.
 
INVESTMENT BUYS:  
TATA MOTORS (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 756.65-758.65 zone.

Negative Factors:

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

1 Week: Selling seen & it may continue.
 
 
JINDAL STEEL POW (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 756.80-758.80 zone.

Negative Factors:

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

1 Week: Selling seen & it may continue.
 
SPOT INDEX LEVELS TODAY

	5042.05	( 0.18 %)	9.00
		1	2	3
Resistance		5072.27	5102.48	5137.72
Support		5006.82	4971.58	4941.37

	16912.77		( 0.21 %)	35.61
			1	2	3
Resistance			17013.28	17113.79	17231.46
Support			16795.10	16677.43	16576.92

 

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	16-Dec-2009	2142.4	2497.65	-355.25

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	16-Dec-2009	1381.57	1106.65	274.92

 

--
Arvind Parekh
+ 91 98432 32381