Tuesday, February 2, 2010

Market Outlook 2nd Feb 2010

Strong Stocks
This is list of 10 Strong Stocks: 
Titan,Triveni, Lupin, OBC, SunTV, BOB, Cummins Ind.,GTL Infra, Siemens & Asian Paint.
Weak Stocks
This is the list of 10 Weak Stocks: 
IOB,Orchid Chem, LT, ICSA, Prajind, IVRCL Infra, Aban, Sterlite, EKC & India Info.
Daily trend of the market is down 
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SPOT INDEX LEVELS
NSE Nifty Index   4899.70 ( 0.36 %) 17.65       
 1 23
Resistance 4928.504974.95   5056.20  
Support 4800.804719.55 4673.10



BSE Sensex  16356.03 ( -0.01 %) -1.93      
 1 23
Resistance 16504.8216651.68 16913.05
Support 16096.5915835.22 15688.3

NIFTY FUTURES (F & O): 
Rally may continue up to 4934-4936 zone for time being. 

Support at 4863 & 4889 levels. Below these levels, expect profit booking up to 4823-4825zone and thereafter slide may continue up to 4785-4787 zone by non-stop. 

Below 4772-4774 zone, expect panic up to 4734-4736 zone by non-stop. 

On Positive Side, cross above 4972-4974 zone can take it up to 5010-5012 zone by non-stop. Supply expected at around this zone and have caution.

Short-Term Investors: 
Bearish Trend. 

Down Side Target at 4657.25. 

Stop Loss at 5252.75.

Equity:
 
TATASTEEL (NSE Cash) 
Explosive. Upward Target as per Daily Chart is at 614 level. 

Yesterday's low of 558 level should be considered as a Stop Loss. 
 
Support Levels: 560,566 & 574 levels. 

Resistance Levels: 586,587,593 & 601 levels.

 TATAMOTORS (NSE Cash) 
Explosive. Upward Target as per Daily Chart is at 770 level. 

Yesterday's low of 678 level should be considered as a Stop Loss. 
 
Support Levels: 688,695 & 713 levels. 

Resistance Levels: 727,733,740,757 & 765 levels.

AXISBANK (NSE Cash)
Explosive. Upward Target as per Daily Chart is at 1141 level. 

Yesterday's low of 1005 level should be considered as a Stop Loss. 
 
Support Levels: 1015,1016,1026,1036 & 1052 levels. 

Resistance Levels: 1073, 1082,1083,1104,1118 & 1130 levels. 

SESAGOA (NSE Cash)
 Explosive. Upward Target as per Daily Chart is at 400 level. 

Yesterday's low of 338 level should be considered as a Stop Loss. 
 
Support Levels: 344,347 & 362 levels. 

Resistance Levels: 369,373,377,391 & 395 levels.

 BHARTISHIP (NSE Cash): 
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 7 days. 

BPCL (NSE Cash): 
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 7 days. 

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

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

MAYTAS INFRA LTD (BSE Code:532907):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 6 days.

Fundamental Pick: 
Selan Oil 

Without making a specific recommendation I can tell you that Barclays and Boone Pickens are eyeing a stake in the company.

OPTIONS (NSE):
NIFTY 4900 CALL OPTION 
Book Profits. Rally may continue up to 154 level. 

If Profit Booking starts, then it may continue up to 75 level and have caution. 
 
Support Levels: 78, 90, 99,103,105, & 115 levels. 

Resistance Levels: 129,139 & 142 levels.

RELIANCE 1080 CALL OPTION 
Selling may continue up to 14 level and have caution. 

Book Profits, if rallies up to 32 level on upper side. 
 
Support Levels: 17, 18 & 21 levels. 

Resistance Levels: 25, 28 & 29 levels.

STOCK FUTURES (NSE):
TITAN FUTURES  
Explosive. Upward Target as per Daily Chart is at 2083 level. 

Stop Loss is at 1502 level.  
Support Levels: 1513,1528 & 1678 levels. 

Resistance Levels: 1712, 1723, 1869, 1888, 1899, 1918 & 2060 levels. 
 
Interesting finding about share holding pattern is given below & As per Bombay Stock Exchange Filing: 

Jhunjhunwala Rakesh Radheshyam 2,822,555  6.36 % (Quarter ending :  December 2009) 

Jhunjhunwala Rekha Rakesh 1,038,306  2.34 % ( Quarter ending :  December 2009)

POLARIS FUTURES 
Stock may zoom up to 172 level today & may zoom up to 203 level on (or) before expiry. 
On Negative side, profit booking may be restricted up to 156 level today & 135 level on (or) before expiry.

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII01-Feb-2010 2035.962530.62 -494.66
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII01-Feb-2010 1130.61930.78 199.83
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Arvind Parekh
+ 91 98432 32381