Wednesday, January 6, 2010

Market Outlook 6th Jan 2010

NIFTY FUTURE LEVELS
SUPPORT
5280
5263
5246
5228
RESISTANCE
5295
5313
5329
5334
BHARATI;JPASSO;STER;JINDALSTEEL;RNRL;ESSAROIL;IDFC;NALCO;SAIL;MTNL;HOTELLEELA

Strong Futures
This is list of 10 Strong Futures:
National Alum, Hindalco, Sail Ltd, JSW Steel, Hotel Leela, MTNL, KFA, Tata Steel, Uniphos & Tata Motors.
Weak Futures
This is the list of 10 Weak Futures:
Reliance, GT Offshore, Pir Health, Orchid Chem, Maruti, Hind Uni Lvr, Cipla, Zeel, Ivrcl Infra & HDFC Bank.
Daily trend of the market is Up
 

NIFTY FUTURES (F & O):

 Below 5280 level, expect profit booking up to 5263 level by non-stop.

Hurdle at 5295 level. Above this level, rally may continue up to 5312 & 5313 levels by non-stop.

Cross above 5327-5329 zone, can take it up to 5334 level by non-stop. Supply expected at around this level and have caution.

 

On Negative Side, rebound expected at around 5246-5248 zone. Stop Loss at 5228 level.

 

Short-Term Investors:

Bullish Trend. Stop Loss at 5155.00.

 

Up Side Target at 5339.00.

 

Equity:

BHARTI AIRTEL (NSE Cash)

Recommendation: 

Explosive. At the same time, down side risk also more.

Above 334 level, rally may continue up to 338-340 zone by non-stop.

Support at 325-327 zone. Buy with a Stop Loss of 320-322 zone. Stop Loss is too far on down side.

 

CIPLA LTD (NSE Cash)

Recommendation: 

Sell this scrip. Negative Factor is that, Stop Loss is too far on upper side.

Below 327 & 328 levels, it can tumble up to 317-319 zone by non-stop.

Hurdle at 335 level. Sell with a Stop Loss of 340-342 zone. Stop Loss is too far on upper side.

 

CENTURY TEXTILES (NSE Cash)

Recommendation: 

Sell this scrip. Negative Factor is that, Stop Loss is too far on upper side.

Below 543 level, selling may continue up to 534 level and thereafter it can tumble up to 529-531 zone by non-stop.

Hurdle at 554 level. Sell with a Stop Loss of 558-560 zone. Stop Loss is too far on upper side.

 

JSW ENERGY (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

HINDALCO INDS (NSE Cash):

 No trigger as per my calculations. Bulls will get trapped at higher levels.

 

SATYAM COMPUTER (NSE Cash):

 No trigger as per my calculations. Bulls will get trapped at higher levels.

 

 

GODREJ PROPERTIES (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

JAIPRAKASH ASSOC (NSE Cash): 

Explosive & will zoom.

 

STERLITE INDS (I) (NSE Cash): 

Explosive & will zoom.

 

JINDAL STEEL POW (NSE Cash): 

Explosive & will zoom.

 

ONMOBILE GLOBAL (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

ESSAR OIL (NSE Cash): 

Explosive & will zoom.

 

RELIANCE NATURAL RESOURCES (NSE Cash):

 Explosive & will zoom.

 

IDFC (NSE Cash): 

Explosive & will zoom.

 

CAIRN INDIA (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

GUJ NRE COKE (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

ADANI POWER (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

TATA TEA (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

 RELIANCE INDS (NSE Cash):

Fall may continue as per technicals.

 

MARUTI SUZUKI (NSE Cash): 

Fall may continue as per technicals.

 

INDIABULLS REAL ESTATE (NSE Cash):

 Fall may continue as per technicals.

 

INVESTMENT BUY:

INDIA FOILS (BSE Cash & BSE Code:509684)

Uptrend in Monthly Chart is surprising & Looks positive too.

Good for 1 Month Holding. Stop Loss at 14.11.

 

OPTIONS (NSE):

NIFTY 5300 CALL OPTION

Recommendation: 

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

Below 87 & 93 levels, expect profit booking up to 80-82 zone by non-stop.

Hurdle at 106 level. Above this level, rally may continue up to 109 & 110 levels.

 

TATASTEEL 660 CALL OPTION

Recommendation: 

 

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

 Above 23-25 zone, rally may continue up to 30 level by non-stop.

Support at 16 & 19 levels. Below these levels, expect profit booking up to 12 level by non-stop.

 

STOCK FUTURES (NSE):

NATL ALUM FUTURES

Recommendation: 

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

 Above 501 level, rally may continue up to 521 & 526 levels and thereafter expect a jump up to 530 level by non-stop.

Support at 491 level. Below this level, expect unbelievable target of 448 level and thereafter slide may continue up to 440-442 zone by non-stop.

 

 
SPOT INDEX LEVELS
NSE Nifty Index   5277.90 ( 0.87 %) 45.70       
  1 2 3
Resistance 5296.70 5315.50   5342.65  
Support 5250.75 5223.60 5204.80

BSE Sensex  17686.24 ( 0.73 %) 127.51     
  1 2 3
Resistance 17758.76 17831.27 17932.77
Support 17584.75 17483.25 17410.74

 
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 05-Jan-2010 3337.48 2367.19 970.29

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 05-Jan-2010 1904.87 1604.98 299.89
 
 

--
Arvind Parekh
+ 91 98432 32381