This is list of 10 strong futures:
GTL Infra, Bhushan Steel, Sterling Biotech, JSW Steel, MLL, Siemens,
Recltd, Aban Off shore, KS Oils & Grasim.
And this is list of 10 Weak futures: Maruti, HDFC, Hind Uni Lvr, State
Bank Of India, Hero Honda, ICICI Bank, Reliance, Glaxo, GT Offshore &
Syndicate Bank.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Above 5266-5268 zone, rally may continue up to 5277-5279 zone by non-stop.
Support at 5249-5251 zone. Below this zone, expect profit booking up
to 5236-5238 zone and thereafter slide may continue up to 5224-5226
zone by non-stop.
Buy if touches 5213-5215 zone. Stop Loss at 5201-5203 zone.
On Positive Side, cross above 5289-5291 zone can take it up to
5300-5302 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:
JSW STEEL (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 1163 & 1170
levels, then it can tumble up to 1152 level by non-stop. Buy at around
this level with a Stop Loss of 1139 level.
Rally up to 1194 & 1200 levels may be possible.
Cross above 1212 & 1218 levels, this scrip will explode up to 1230
level and thereafter expect a jump up to 1237 level by non-stop.
PUNJ LLOYD (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 221 level,
then it can tumble up to 214-216 zone by non-stop. Buy at around this
level with a Stop Loss of 213 level.
Rally up to 225 level may be possible.
Cross above 226-228 zone, this scrip will explode up to 232-234 zone
and thereafter expect a jump up to 237 level by non-stop.
SESA GOA (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 415 level,
then it can tumble up to 408 & 412 levels by non-stop. Buy at around
this level with a Stop Loss of 406 level.
Rally up to 423 & 424 levels may be possible.
Cross above 429-431 zone, this scrip will explode up to 435 level and
thereafter expect a jump up to 440 level by non-stop.
ONGC CORPN (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Week.
ABAN OFFSHORE (NSE Cash):
Bears may get trapped at lower levels during intra-day trades today.
Expect negative news within a Week.
TATA TELESERVICE (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.
UTTAM STEEL (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Month.
GUJ HOTELS (BSE Code:507960):
Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.
GUJ AMBUJA EXPOR (BSE Code:524226):
Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.
INVESTMENT BUY:
R S SOFTWARE (BSE Code:517447)
Recommended to buy for a Target of 75.60 within a Week.
Market Buzz:
OPTIONS (NSE):
NIFTY 5300 CALL OPTION
Sideways trend with Negative bias.
Will slide up to 47 level on down side.
If rallies, then expect short covering up to 62 level.
RELIANCE 1110 CALL OPTION
Sideways trend with Positive bias.
Risk is too high, because Stop Loss is too far on down side at
22.00-24.00 zone.
Upward Target at 41.00-43.00 zone.
STOCK FUTURES (NSE):
BHARAT FORGE FUTURES
Explosive. Do remember that, if breaks & sustains below 296 level,
then it can tumble up to 288 & 291 levels by non-stop. Buy at around
this level with a Stop Loss of 287 level.
Rally up to 302-304 zone may be possible.
Cross above 310 & 313 levels, this scrip will explode up to 316 level
by non-stop.
RURAL ELECTRIFICATION CORPORATION FUTURES:
Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Week.
HCL TECH FUTURES:
Bears may get trapped at lower levels during intra-day trades today.
Expect positive news within a Week.
(May not be useful for Day-Traders)
Murli Industries-BUY
Co has reported EPS of 20 And Cash Eps of 43 in H1. 09-10 Eps can be
45 and Cash Eps 90 in current year .Presently, co is in business of:
18mw power plant
Pulp Mill
Writing Paper
Newsprint
Packaging paper
Soya DOC
Refined Oil
Last year, fire had taken place in its paper plant which destroyed its
raw material and finished product. Subsequently 3 months strike took
place last year only. In current year, performance of soya division
has been poor due to poor crop caused by bad monsoon.
3 months back , co has commissioned 80,000 tonnes capacity SBS board
plant which is supposed to be most modern.
Co has bought back FCCB this month which has resulted in saving of
approx 15 cr to the co.
Main trigger: Recently co has commissioned 3 mn tonne cement plant and
50 mw captive power plant at 819 cr only. Equity is just 10 cr.
Hence, 10-11Turnover can be 1600 crs and Eps can be more than Rs
120/.
Co has announced to hold board meeting for stock split and
preferential offer of warrants on
January 18, 2010.
Co wants to set up 3 more cement plants of 3 mn tonne each in North,
East and South.
TECHNICALS:
MURLI INDS (NSE Cash):
As per yesterday's chart, slide may continue up to 313.40 level. Any
rally up to 393.90 can be used to book profits.
(Some forward looking statements on projections, estimates,
expectations & outlook are included to enable a better comprehension
of the Company prospects. Actual results may, however, differ
materially from those stated on account of factors such as changes in
government regulations, tax regimes, economic developments within
India and the countries within which the Company conducts its
business, exchange rate and interest rate movements, impact of
competing products and their pricing, product demand and supply
constraints.
Nothing in this article is, or should be construed as, investment advice).
--
Arvind Parekh
+ 91 98432 32381
