Market Outlook 30th Dec 2009

Intraday calls for 30th Dec 2009
+ve sector and script : SKFIndia

Buy Patni-484 @ 480-477 for 497-506 with sl 473
Buy Rpower-154 @ 151-150 for 159 with sl 147
Buy Sintex-268 @ 265-263 for 279 with sl 260

Expected Breakout
Buy Orbitcorp-308 above 320 for 359-365 with sl 308
Buy KFA-60 above 62 for 69-71 with sl 59

NIFTY FUTURE LEVELS
SUPPORT
5191
5175
5142
5139
RESISTANCE
5225
5241
5246
5277

 

Strong Futures

This is list of 10 Strong Futures: Hindalco, Sail Ltd, Suzlon, Tata Motors, Tata Steel, Ispat Industries, Sintex, BEML, Sesa Goa & NTPC.

Weak Futures

This is the list of 10 Weak Futures: Andhra Bank, JP Associates, Tata Comm, Colpal, Corporation Bank, Ashok Ley, Unitech, Pir Health, IDFC & FSL

 

Daily trend of the market is Up

Today the market has been able to close above its important level and now has come in uptrend . So the readers may create long positions in Nifty and hold the long positions till market remains in uptrend

 

NIFTY FUTURES (F & O):  
Below 5191 level, expect profit booking up to 5175 level.

Hurdle at 5225 level. Above this level, rally may continue up to 5241 level.

Sell if touches 5244-5246 zone. Stop Loss at 5275-5277 zone.

On Negative Side, break below 5142-5144 zone can create panic up to 5139-5141 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.
 
Equity:  
SESA GOA (NSE Cash)

Recommendation: 

No trigger as per my calculations. Side ways trend expected with positive bias.
 

410 & 411 levels will continue to resist up move. Cross above 415 level, there is a chance of unexpected rally up to 425-427 zone also possible.

Support at 400-402 zone. Below this zone, expect profit booking up to 396 level and thereafter unexpected fall up to 384-386 zone also possible.
 
 
ICICI BANK (NSE Cash)

Recommendation: 

Explosive scrip and it will zoom. Negative Factor is that, Stop Loss is too far on down side.
 

If rally continues then it can zoom up to 889 level on upper side. If crosses & sustains at above 899 & 903 levels then expect a jump up to unbelievable target of 918-920 zone by non-stop.

Support at 871 & 874 levels. Buying can be done with a Stop Loss of 861-863 zone. Stop Loss is too far on down side.
 
 
RELIANCE POWER (NSE Cash)

Recommendation:

 No trigger as per my calculations. Side ways trend expected with positive bias.
 

If rally continues then it can zoom up to 156-158 zone by non-stop.

Support at 152 level. Below this level, expect profit booking up to 149 level.
 
 
KALINDEE RAIL NIRMAN (ENGINEERS) (NSE Cash): 

Explosive & will zoom.

TITAGARH WAGONS (NSE Cash):
No trigger as per my calculations. Bulls will get trapped at higher levels.

APOLLO HOSPITALS (NSE Cash):
 No trigger as per my calculations. Bulls will get trapped at higher levels.

INDIA CEMENTS (NSE Cash):
 Explosive & will zoom.

BAJAJ HINDUSTAN (NSE Cash):
Explosive & will zoom.
 
 
CIPLA LTD (NSE Cash): 

No trigger as per my calculations. Bears will get trapped at lower levels.

WIPRO LTD (NSE Cash): 

Fall may continue as per technicals.
 
 
CLARIANT CHEMICA (BSE Cash & BSE Code: 506390)

Explosive Stock.

Expect a Target of 546.60-548.60 zone.

Risk: Loss of Rs.34.95 from the yesterday's closing price. Because, Stop Loss is at 441.75-443.75 zone.
 
OPTIONS (NSE): 
NIFTY 5200 CALL OPTION

Recommendation: 

No trigger as per my calculations. Side ways trend expected with negative bias.
 

If selling continues then it can continue up to 26 & 27 levels and thereafter it can tumble up to

15 level by non-stop. Unbelievable too.

Hurdles at 33 & 36 levels. If crosses & sustains then expect short covering up to unbelievable zone of 45-47 zone.
 
 
TATASTEEL 620 CALL OPTION

Recommendation: 

No trigger as per my calculations. Side ways trend expected with positive bias.
 

Hurdle at 11 level. If crosses & sustains then it can zoom up to 14 & 15 levels by non-stop.

Support at 9 level. Below this level, expect unwinding up to 7 level.
 
STOCK FUTURES (NSE): 
RELIANCE INFRASTRUCTURE FUTURES

Recommendation: 

No trigger as per my calculations. Side ways trend expected with positive bias.
 

If rally continues, then it can zoom up to 1145 level (or) even up to 1147-1149 zone by non-stop.

Support at 1122 level. If does not break 1105-1107 zone then it will rebound.
 
INVESTMENT BUY:
 TIME TECHNOPLAST (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 67.00-69.00 zone.

Negative Factors:

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

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

 FUNDS 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-Dec-2009	1452.98	1506.71	-53.73

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	29-Dec-2009	979.6	976.41	3.19

 

SPOT INDEX LEVELS

	5187.95	( 0.18 %)	9.55
		1	2	3
Resistance		5209.75	5231.55	5248.50
Support		5171.00	5154.05	5132.25

	17401.56		( 0.24 %)	40.95
			1	2	3
Resistance			17467.53	17533.50	17580.95
Support			17354.11	17306.66	17240.69

 

 RIL-LB update
-LB (LyondellBasells) restructuring involves issuing $6.1 billion equity to creditors
-CNBC-TV18 alert : RIL cash component for LB bid could be atleast $6 billion
-RIL will have to better this offer for creditors to agree

Relief for Aviation companies
-Ground Handling Policy (GHP) implementation deferred by year
-Airlines to now be permitted ground handling in terminal
-Tarmac side ground handling to be outsourced
-CNBC-TV18~ALERT: Policy was to take effect from January 1, 2010
-Airline companies want policy to be postponed by 2 years

stocks that are in news today:
-Wockhardt gets US FDA okay for Generic Carvedilol
-Diageo-Radico FDI proposal likely to get FIPB nod – BL
-TBEA, BHEL in talks for partnership; Tie-up will help BHEL compete with Siemens, ABB in high voltage segment – Mint
-ONGC, GAIL may take 12.5% in $ 2 billion gas pipeline in China – Mint
-CVC to probe BSNL tender; Rs 36,000 crore bid seen violating norms – FE
-Kingfisher identifies 3 PE firms to raise $ 400 million; in talks with Aabar, Carlyle and Texas Pacific – FE
-IT firms brace for $ 10 billion GM contracts – DNA 
-Essar Securities lists today, no circuit
-Marksans Pharma board approves selling API business at Pune, raising funds up to $125 million (CMP Rs 5)
-Aban still in NSE F&O curb, Kingfisher also enters curb

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Arvind Parekh

+ 91 98432 32381