Thursday, January 28, 2010

Market Outlook 28th Jan 2010

Strong & Weak futures
This is list of 10 strong futures:  
Triveni, Cummins India, Gtl Ltd, Sun TV, GTL Infra, Titan, Idea, Allahabad Bank, Power Grid & ITC.  
And this is list of 10 Weak futures: 
Orchid Chem, DLF, HDIL, Suzlon, India Info, GT Offshore, LITL, Educomp, Jindal Saw & Polaris.
Nifty is in Down trend  

NIFTY FUTURES (F& O):

Above 4875 level, expect short covering up to 4925-4927 zone and thereafter expect a jump up to 4974-4976 zone by non-stop.

Support at 4838 level. Below this level, selling may continue up to 4823 level by non-stop.

Below 4771-4773 zone, expect panic up to 4722-4724 zone by non-stop.

On Positive Side, cross above 5089-5091 zone can take it up to 5138-5140 zone by non-stop. Supply expected at around this zone and have caution.

Short-Term Investors:

Bearish Trend.

Down side Target at 4645.40. 

Stop Loss at 5247.00.

Equity:

Torrent Pharmaceuticals Ltd. (NSE Cash)

Explosive. Do remember that, if breaks & sustains below 419 level, then it can tumble up to 409 & 413 levels by non-stop. Buy at around these levels with a Stop Loss of 400 level.

Rally up to 427 level (or) 430 & 431 levels may be possible.

Cross above 435 & 439 levels, this scrip will explode up to 444 & 449 levels and thereafter expect a jump up to 454 level by non-stop.

Info Edge (India) Limited (NSE Cash)

Explosive. Do remember that, down side risk up to 860 level also possible. Buy at around this level with a Stop Loss of 854 level.

Rally up to 877 & 881 levels may be possible.

Cross above 889 level, this scrip will explode up to 898

level by non-stop.

Revathi Equipment

Limited (NSE Cash)

Explosive. Do remember that, if breaks & sustains below 649 level, then it can fall up to 636 & 642 levels and thereafter it can tumble up to 620 level by non-stop. Buy at around this level with a Stop Loss of 614 level.

Rally up to 662 & 667 levels (or) 681 & 688 levels may be possible.

Cross above 694 & 695 levels, this scrip will explode up

to 701 level and thereafter expect a jump up to 708 level by non-stop.

ROLTA (NSE Cash):

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 3 days.

CUMMINSIND (NSE

Cash):

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 4 days.

NIITLTD (NSE

Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.


ULTRACEMCO (NSE

Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.


AMTEKINDIA (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 4 days.

INVESTMENT BUY:

Concurrent India (BSE Code:531261)

1 Month Target at 12.23.

Stop Loss too far at 9.13. Looks risky too.

OPTIONS (NSE):

NIFTY 4900 PUT OPTION

Today's trend is sideways pattern with Positive bias. If rally continues, then it can zoom up to 91 level by non-stop.

 On Negative side, if profit booking starts then slide may

continue up to 15 level by non-stop. Too risky.

SBIN 2010 PUT OPTION

Today's trend is sideways pattern with Positive bias. If rally continues, then it can zoom up to 141 level by non-stop.

On Negative side, if profit booking starts then slide may continue up to 52 level by non-stop.

STOCK FUTURES

(NSE):

BAJAJHIND FUTURES 

Sideways Pattern with Positive bias. Do remember that, if breaks & sustains below 213 level, then it can tumble up to 211 level by non-stop. Buy at around this level with a Stop Loss of 207 level.

Rally up to 217 level may be possible.

Cross above 219 level, this scrip will explode up to 221 level by non-stop.

IBREALEST FUTURES

Stock may crash up to 162 level today.

On Positive side, short covering may be restricted up to 189 level today.


NIFTY SPOT LEVELS TODAY
NSE Nifty Index   4853.10 ( -3.09 %) -154.80       
 1 23
Resistance 4963.385073.67   5138.83  
Support 4787.934722.77 4612.48

BSE Sensex 16289.82 ( -2.92 %) -490.64      
 1 23
Resistance 16588.6616887.51 17066.41
Support 16110.9115932.01 15633.16

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII27-Jan-2010 2942.735155.02 -2212.29
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII27-Jan-2010 3151.181675.77 1475.41

--
Arvind Parekh
+ 91 98432 32381