Tuesday, January 5, 2010

Market Outlook 5th Jan 2009

Strong Futures
This is list of 10 Strong Futures: Tata Motors, Sail Ltd, India Hotels, Hotel Leela, KFA, National Alum, Praj Industry, Hindalco, Chambal Fert & Sintex.
Weak Futures
This is the list of 10 Weak Futures: GT Offshore, Pir Health, Orchid Chem, Andhra Bank, Tata Comm, Zeel, IDFC, GVKPIL, Federal Bank & DLF.
Daily trend of the market is Up
Market is moving up slowly but as the trend is still up so the readers who have created long positions in Nifty (bought on 30th December) may go on holding the longs till the trend remains in uptrend
NIFTY FUTURES (F & O):
Above 5247 level, rally may continue up to 5262 & 5277 levels by non-stop.
Support at 5225 level. Below this level, expect profit booking up to 5210 level by
non-stop.

Buy if touches 5203 level. Stop Loss at 5186-5188 zone.

On Positive Side, cross above 5284-5286 zone can take it up to 5292 level. If crosses & sustains this level then uptrend may continue.

Short-Term Investors:
Bullish Trend. Stop Loss at 5155.00.
Up Side Target at 5339.00.

Equity:
JSW ENERGY LIMITED (NSE Cash)
Recommendation:

Expect unwinding in this scrip.

Above 102 level, rally may continue up to 106 & 107 levels on upper side.

Support at 100 level. Anything below 93 & 94 levels, it can tumble up to 86-88 zone by
non-stop.


STEEL AUTHORITY (NSE Cash)
Recommendation:
Explosive scrip. Negative Factor is that, Stop Loss is too far on down side.

Above 250 level, expect unbelievable target of 257 level and thereafter expect a jump up to 259-261 zone.

Support at 245 level. Buy with a Stop Loss of 240-242 zone. Stop Loss is too far on down side.


JAIPRAKASH ASSOC (NSE Cash)
Recommendation:

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

Above 155 level, rally may continue up to 158 level and thereafter expect an unbelievable rally up to 165-167 zone.

Support at 152 level. Buy with a Stop Loss of 145-147 zone. Stop Loss is too far on down side.


RELIANCE CAPITAL (NSE Cash):
Explosive & will zoom.

EDUCOMP SOLUTIONS (NSE Cash):
Explosive & will zoom.

ABAN OFFSHORE (NSE Cash):
Explosive & will zoom.

THINKSOFT GLOBAL SERVICES (NSE Cash):
Explosive & will zoom.

ESCORTS LTD (NSE Cash):
Explosive & will zoom.

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

NEYVELI LIGNITE (NSE Cash):
Explosive & will zoom.

CHAMBAL FERT (NSE Cash):
Explosive & will zoom.

MAYTAS INFRA (NSE Cash):
Explosive & will zoom.

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

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

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

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

SUZLON ENERGY (NSE Cash):
Fall may continue as per technicals.

NTPC (NSE Cash):
Fall may continue as per technicals.

BHARTI AIRTEL (NSE Cash):

Fall may continue as per technicals.

INVESTMENT BUY:
SALORA INTL (BSE Cash & BSE Code:500370)
Uptrend in Quarterly Chart is surprising & Looks positive too.

Good for 3 Month's Holding. Stop Loss at 45.10. Target at 55.90.

OPTIONS (NSE):
NIFTY 5300 CALL OPTION
Recommendation:
No trigger as per my calculations. Side ways trend expected with positive bias.
Above 90 level, rally may continue up to 94-96 zone by non-stop.
Support at 85 level. If not breaking 79-81 zone, then expect rebound too.


TATASTEEL 640 CALL OPTION
Recommendation:
No trigger as per my calculations. Side ways trend expected with positive bias. Rally may continue up to 24-26 zone for time being.
Support at 21 level. If does not break 16-18 zone, then expect rebound too.

STOCK FUTURES (NSE):
TATA MOTORS FUTURES
Recommendation:
Explosive scrip. Negative Factor is that, Stop Loss is too far on down side.
If rally continues then it may continue up to 823 & 828 levels on upper side.

Support at 800 & 806 levels. Below these levels, expect profit booking up to 792 level. Keep a Stop Loss at 782-784 zone and buy. Stop Loss is too far on down side.
On Positive Side, cross above 836 & 841 levels, it can zoom up to 850 level and thereafter expect a jump up to 853-855 zone by non-stop.
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 04-Jan-2010 1614.83 1001.41 613.42
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 04-Jan-2010 3726.11 1395.86 2330.25
SPOT INDEX LEVELS TODAY
NSE Nifty Index 5232.20 ( 0.60 %) 31.15
1 2 3
Resistance 5258.07 5283.93 5329.42
Support 5186.72 5141.23 5115.37

BSE Sensex 17558.73 ( 0.54 %) 93.92
1 2 3
Resistance 17634.92 17711.11 17839.38
Support 17430.46 17302.19 17226.00

--
Arvind Parekh
+ 91 98432 32381