Thursday, January 21, 2010

Market Outlook for 21st Jan 2010

Strong & Weak  Stocks

This is list of 10 strong :

Sun TV, Purva, Dish TV, GTL Infra, Pantaloon Retail, Bhushan Steel, Siemens, Finance Tech, Triveni & SCI. 

And this is list of 10 Weak: 

BPCL, LITL, Balrampur Chini, Hind Petro, Renuka, Bajaj Hind, GMR Infra, GT Offshore, Orchid Chem & Jindal Steel.

Nifty is in Up trend  

 

NIFTY FUTURES (F & O):

 
Below 5198 level, selling may continue up to 5189-5191 zone and thereafter it can tumble

up to 5177-5179 zone by non-stop. 

Hurdles at 5225 & 5231 levels. Above these levels, expect short covering up to 5250-5252 zone and thereafter expect a jump up to 5270-5272 zone by non-stop. 

Cross above 5276-5278 zone, can take it up to 5296-5298 zone by non-stop. Supply expected at around this zone and have caution. 

On Negative Side, rebound expected at around 5170-5172 zone. Stop Loss at 5157-5159 zone.

Short-Term Investors:

 
Bullish Trend. Stop Loss at 5155.00. 

Up Side Target at 5339.00.

Equity:

 
JINDAL STEEL POW (NSE Cash) 

Explosive. Do remember that, if breaks & sustains below 671 level, then it can tumble up to 669 level by non-stop. Buy at around this level with a Stop Loss of 668 level. 

Rally up to 684 level may be possible. 

Cross above 691 level, this scrip will explode up to 697 level by non-stop.

 
HOUSING DEV & INFRA (NSE Cash) 

Weak. Do remember that, if crosses & sustains above 375 level, then it can zoom up to 382 level by non-stop. Sell at around this level with a Stop Loss of 387 level. 

Fall up to 365-367 zone may be possible. 

Break below 353 & 357 levels, expect panic up to 350 level by non-stop.

 
PANTALOON RETAIL (NSE Cash) 

Explosive. Do remember that, if breaks & sustains below 442 level, then it can tumble up to 430 & 434 levels by non-stop. Buy at around this level with a Stop Loss of 426 level. 

Rally up to 451 & 455 levels (or) even up to 462 level may be possible. 

Cross above 467 & 471 levels, this scrip will explode up to 475 & 482 levels and thereafter expect a jump up to 489 level by non-stop.

 
HAVELLS INDIA (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Week. 

REDINGTON (I) (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Week. 

SUN TV (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Week. 

SIEMENS LTD (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Week. 

ASTRA MICROWAVE PRODUCTS (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within a Month. 

PRAJ INDS (NSE Cash): 

 Bears may get trapped at lower levels during intra-day trades today. Expect Positive News within a Week.

INVESTMENT BUY: 

VISA STEEL (BSE Code:532721) 

1 Month Target 52.45. 

Stop Loss at 45.60.

OPTIONS (NSE):

NIFTY 5200 PUT OPTION 

Today's trend is sideways pattern with Negative bias. If rally continues, then it can zoom up to 70 level by non-stop. 

On Negative side, if profit booking starts then slide may continue

up to 40 level by non-stop.

 
TATA STEEL 640 PUT OPTION 

Today's trend is sideways pattern with Negative bias. If rally continues, then it can zoom up to 15 level by non-stop. 

On Negative side, if profit booking starts then slide may continue up to 7 level by non-stop.

STOCK FUTURES (NSE):

BPCL FUTURES  

Weak. Do remember that, if crosses & sustains above 584 level, then it can zoom up to 602 level by non-stop. Sell at around this level with a Stop Loss of 608-610 zone. 

Fall up to 569 & 573 levels may be possible. 

Break below 551 level, expect panic up to 542 level by non-stop.

POLARIS FUTURES 

Stock may crash up to 171 level today & may touch 154 level on (or) before expiry. 

On Positive side, short covering may be restricted up to 198 level today & 203 level on (or) before expiry.

Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.

 



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

20-Jan-2010

2655.82

2927.15

-271.33

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)

Category

Date

Buy Value

Sell Value

Net Value

DII

20-Jan-2010

1803.72

1459.31

344.41

 

 

--
Arvind Parekh
+ 91 98432 32381