Tuesday, January 12, 2010

Market Outlook 12th Jan 2010

Strong & Weak futures

This is list of 10 strong futures:

Aban Off shore, National Alum, Bhushan Steel, Hindalco, MLL, Finance Tech, Pantaloon Retail, Grasim,

KS Oils & Essar Oil.

And this is list of 10 Weak futures:

Maruti, Reliance, GT Offshore, TCS, HDFC, Bajaj Auto, Infosys Tech, Mphasis,

Hero Honda & HCL Tech.

Nifty is in Up trend


NIFTY FUTURES (F & O):

Above 5266 & 5270 levels, rally may continue up to 5287-5289 zone

and thereafter expect a jump up to

5305-5307 zone by non-stop.

Support at 5242-5244 zone. Below this zone, expect profit booking up to 5238 level

and thereafter unwinding may continue up to 5224-5226 zone by non-stop.

Buy if touches 5219-5221 zone. Stop Loss at 5201-5203 zone.

On Positive Side,

cross above 5311-5313 zone can take it up to 5328-5330 zone by non-stop.

If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:


Bullish Trend. Stop Loss at 5155.00.

Up Side Target at 5339.00.

Equity:


SESA GOA (NSE Cash)

Explosive. Stop Loss is too far on down side.

Above 418 & 421 levels, it can zoom up to 427-429 zone by non-stop.

Support at 410 level. Buy with a Stop Loss of 405 level.

Stop Loss is too far on down side.

JSW ENERGY (NSE Cash)

Explosive. Stop Loss is too far on down side.

If does not break 119 level then traders can buy. Above 121 & 122 levels,

it can zoom up to unbelievable target of 126-128 zone

and thereafter expect a jump up to 134-136 zone.

On Negative Side, below 115 level, expect unwinding up to 113 level.

Keep a Stop Loss at this level. Stop Loss is too far on down side.

INFOSYS TECHNOLO (NSE Cash)

Explosive & down side risk also more.

Above 2506 level, rally may continue up to 2515 & 2520 levels

and thereafter expect a jump up to 2537 level by non-stop.

Support at 2474 level. Below this level,

expect unwinding up to 2459 & 2465 levels

and thereafter slide may continue up to 2442 level.

What will happen on (or) before 15.01.2010?

This company is set to announce Quarterly Results today.

Sideways pattern expected on (or) before 15.01.2010.

This scrip will oscillate between 2264.65 level to 2714.65 level on (or) before 15.01.2010.


ABG SHIPYARD (NSE Cash):

Explosive & will zoom.

SANWARIA AGRO OILS (NSE Cash):

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

JAYASWALS NECO (NSE Cash):

Explosive & will zoom.

BHARTI SHIPYARD (NSE Cash):

Explosive & will zoom.

JBM AUTO COMPONENTS LTD (NSE Cash):

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


TRENT LTD (NSE Cash):

Fall may continue as per technicals.

SUTLEJ TEXTILES & INDS (NSE Cash):

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

RELIANCE INDS (NSE Cash):

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

INVESTMENT BUY:


POLY MEDICUR (BSE Code:531768)

Positives about this scrip:

If uptrend continues,

then it can touch 204.70 for today's trading & even 218.70 on (or) before 15.01.2010.

Negatives about this scrip:

Stop Loss is too far on down side.

Today's Stop Loss is at 142.70. Too far on down side.

Coming 4 Day's Stop Loss is at 128.70. Too far on down side.


High Risk & High Return:

Store One Retail (NSE Cash)

Explosive. But Stop Loss is too far on down side at 32.75.

Information & Technology Stocks:

INFOSYS is set to announce Quarterly Results today:

HCL Technologies Ltd & Tata Consultancy Services Ltd went up yesterday with high volumes.

Small Cap IT Stocks went up with high volumes yesterday are:

R Systems International Ltd.

TVS Electronics Ltd.

AXIS-IT&T Ltd.

Pan India Corporation Ltd.

Quintegra Solutions Ltd.

Megasoft Ltd.

Thinksoft Global Services Ltd.

Smartlink Network Systems Ltd.

3i Infotech Ltd.

Hinduja Ventures Ltd.

Prithvi Information Solutions Ltd.

Zenith Computers Ltd.

Geometric Ltd.

Melstar Information Technology Ltd.

Usha Martin Education & Solutions Ltd.

Core Projects & Technologies Ltd.

Helios and Matheson Information Technology Ltd.

Kale Consultants Ltd.

LCC Infotech Ltd.

Mastek Ltd.

Teledata Technology Solutions Ltd.

IOL Netcom Ltd.

Computech International Ltd.

Take Solutions Ltd.

Northgate Technologies Ltd.

Excel Infoways Ltd.

GSS America Infotech Ltd.

Dynacons Systems & Solutions Ltd.

Trigyn Technologies Ltd.

ICSA-India Ltd.

Allsec Technologies Ltd.

Tricom India Ltd.

Tulip Telecom Ltd &

California Software Company Ltd.

Notable Loser with high volumes is Wipro Ltd.

Small Cap IT Stocks went down with high volumes yesterday are:

Subex Ltd.

Vishal Information Technologies Ltd.

Moser Baer India Ltd.

Logix Microsystems Ltd &

Visesh Infotecnics Ltd.

No gain & No loss

Nucleus Software Exports Ltd.

OPTIONS (NSE):

NIFTY 5300 CALL OPTION

Trend is sideways with Negative bias for today. Above 57-59 zone,

there is a chance of relief rally up to 91 level also possible.

What will happen before Friday?

It may touch unbelievable target of 105 level on (or) before 15.01.2010.

Do remember that, it should not be allowed to break & sustain below 64 level at any cost.

MTNL 90 CALL OPTION

Trend is sideways with Positive bias for today. Above 1.40 level, it can touch 3.75 level.

What will happen before Friday?

It may touch unbelievable target of 5.15 level on (or) before 15.01.2010.

Do remember that, it should not be allowed to break & sustain below 1.40 level at any cost.

STOCK FUTURES (NSE):

AXIS BANK FUTURES

Explosive. Stop Loss is too far on down side.

Above 1058 & 1063 levels, rally may continue up to 1070 level

and thereafter expect a jump up to 1087 level by non-stop.

Support at 1029 & 1037 levels. Buy with a Stop Loss of 1017 level.

Stop Loss is too far on down side.


GREAT EASTERN SHIPPING CO FUTURES:

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

MERCATOR LINES FUTURES:

Explosive & will zoom.

RURAL ELECTRIFICATION CORPORATION FUTURES:

Explosive & will zoom.


PTC INDIA FUTURES:

Fall may continue as per technicals.

IFCI FUTURES:

Fall may continue as per technicals.

LUPIN FUTURES:

Fall may continue as per technicals.


spot levels

NSE Nifty Index 5249.40 ( 0.09 %) 4.65

1 2 3
Resistance 5281.80 5314.20 5341.20
Support 5222.40 5195.40 5163.00

BSE Sensex 17526.71 ( -0.08 %) -13.58

1 2 3
Resistance 17701.92 17877.14 17977.70
Support 17426.14 17325.58 17150.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 11-Jan-2010 5973.59 2932.03 3041.56


DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 11-Jan-2010 1674.68 1352.22 322.46



--
Arvind Parekh
+ 91 98432 32381