Friday, January 29, 2010

Market Outlook 29th Jan 2010

Strong & Weak  futures
This is list of 10 strong futures:  
Sun TV, Triveni, Pantaloon Retail, Bank of Baroda,  GTL Infra, Titan, Cummins India, Indian Bank, Crompton Greaves & Indusind Bank.  And this is list of 10 Weak futures:
Aban Off shore, Orchid Chem, Praj Industry, IOB, GT Offshore, India Info, Moser Bear, EKC, TV-18 & KFA.
Nifty is in Down trend  

NIFTY FUTURES (F & O):
Below 4837 level, expect profit booking up to 4821-4823 zone and thereafter slide may continue up to 4781-4783 zone by non-stop.
Hurdle at 4882-4884 zone. Above this zone, rally may continue up to 4897-4899 zone and thereafter expect a jump up to 4938-4940 zone by non-stop.

Cross above 4951-4953 zone, can take it up to 4992-4994 zone by non-stop. Supply expected at around this zone and have caution.

On Negative Side, rebound expected at around 4768-4770 zone. Stop Loss at 4727-4729 zone.

Short-Term Investors:
Bearish Trend.
Down Side Target at 4657.25.
Stop Loss at 5252.75.

Equity:
TATASTEEL (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 580 level, then it can tumble up to 566 & 572 levels by non-stop. Buy at around these levels with a Stop Loss of 565 level.
Rally up to 591 & 596 levels may be possible.

Cross above 604 level, this scrip will explode up to 610 & 616 levels by non-stop.

BHARTIARTL (NSE Cash)
Weak. Do remember that, if crosses & sustains above 317 & 321 levels, then it can zoom up to 324 level by non-stop. Sell at around this level with a Stop Loss of 328 level.
Fall up to 307 & 310 levels may be possible.

Break below 300 & 304 levels, fall may continue up to 297 level and thereafter it can tumble up to 292 level by non-stop.

JSWSTEEL (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 980 level, then it can tumble up to 975 level by non-stop. Buy at around this level with a Stop Loss of 968 level.
Rally up to 1000 & 1005 levels may be possible.
Cross above 1020 level, this scrip will explode up to 1030 level by non-stop.


AXISBANK (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 3 days.

SUZLON (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 2 days.

DRREDDY (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 5 days.

MPHASIS (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 4 days.

NFL (NSE Cash):  
Bears may get trapped at lower levels during intra-day trades today. Expect Negative News within 4 days.

INVESTMENT BUY:
Austin Engr (BSE Code:522005)  
3 Month's Target at 123.15.
Stop Loss at 70.00.

OPTIONS (NSE):
NIFTY 5000 CALL OPTION
Today's trend is sideways pattern with Negative bias. If short covering starts, then it can zoom up to 105 level by non-stop.
On Negative side, if selling continues then slide may continue up to 67 level by non-stop.

RELIANCE 1080 CALL OPTION
Today's trend is sideways pattern with Negative bias. If short covering continues, then it can zoom up to 35 level by non-stop.
On Negative side, if Selling continues then slide may continue up to 19 level by non-stop.

STOCK FUTURES (NSE):
ORIENTALBANK FUTURES
Explosive. Do remember that, if breaks & sustains below 247 level, then it can tumble up to 231-233 zone by non-stop. Buy at around this zone with a Stop Loss of 230 level.
Rally up to 252-254 zone may be possible.
Cross above 267 & 270 levels, this scrip will explode up to 274 level by non-stop.

ABAN FUTURES
Stock may crash up to 1022 level today & may crash up to 797 level on (or) before expiry.
On Positive side, short covering may be restricted up to 1295 level today & 1533 level on (or) before expiry.

SPOT INDEX LEVELS
NSE Nifty Index   4867.25 ( 0.29 %) 14.15       
 1 23
Resistance 4923.124978.98   5028.07  
Support 4818.174769.08 4713.22

BSE Sensex 16306.87 ( 0.10 %) 17.05      
 1 23
Resistance 16493.6616680.45 16836.21
Support 16151.1115995.35 15808.56


FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII28-Jan-2010 3319.926132.98 -2813.06
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII28-Jan-2010 3113.11133.52 1979.58

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

--
Arvind Parekh
+ 91 98432 32381