Thursday, February 4, 2010

Market Outlook 4th Feb 2010

Strong & Weak  stocks
This is list of 10 strong stocks: 
Titan, Triveni, Cummins Ind, Indusind Bank, Siemens, Lupin, SunTV,BOB, Bhushan Steel & Asian Paint.  
And this is list of 10 Weak stocks: 
IOB, Orchid Chem, EKC, Ranbaxy, Prajind, GMR Infra, LITL, Renuka, ICSA & India Info.
Nifty is in Down trend  
 
SPOT INDEX LEVELS
NSE Nifty Index   4931.85 ( 2.11 %) 101.75       
  1 2 3
Resistance 4977.00 5022.15   5095.15  
Support 4858.85 4785.85 4740.70

BSE Sensex  16496.05 ( 2.06 %) 332.61     
  1 2 3
Resistance 16629.28 16762.50 16972.02
Support 16286.54 16077.02 15943.80


NIFTY FUTURES (F & O):
Below 4914 level, expect profit booking up to 4872-4874 zone and thereafter slide may continue up to 4832-4834 zone by non-stop. 
Hurdle at 4934-4936 zone. Above this zone, rally may continue up to 4960 level by non-stop. 
Sell if touches 4999-5001 zone. Stop Loss at 5039-5041 zone. 
On Negative Side, break below 4767-4769 zone can create panic up to 4727-4729 zone by non-stop. If breaks & sustains this zone then down trend may continue 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 632 level. 
Stop Loss is at 577 level.  
 
Support Levels: 578,584 & 594 levels. 
Resistance Levels: 606,611,621 & 627 levels.

JSWSTEEL (NSE Cash) 
Explosive. Upward Target as per Daily Chart is at 1141 level. 
Stop Loss is at 985 level.  

Support Levels: 989,999 & 1045 levels. 

Resistance Levels: 1066, 1077, 1121 & 1141 levels.

HDIL (NSE Cash) 
Explosive. Upward Target as per Daily Chart is at 372 level. 

Stop Loss is at 327 level.  
Support Levels: 329 & 338 levels. 
Resistance Levels: 345,347,352,355,358,361,366 & 372 levels.

HDFC (NSE Cash) 
Explosive. Upward Target as per Daily Chart is at 2744 level. 
Stop Loss is at 2402 level.  

Support Levels: 2402,2413,2437 & 2490 levels. 
Resistance Levels: 2541,2551,2603,2629,2639,2666 & 2715 levels.

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

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

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

BGRENERGY (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 8 days. 

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

OPTIONS (NSE):
NIFTY 5000 CALL OPTION 
Sideways Trend with Positive bias. If rally continues, then it can zoom up to 86 level by non-stop. 
If Profit Booking starts, then expect slide up to 51 level by non-stop. 

Support Levels: 55,60 & 64 levels. 

Resistance Levels: 79,82 & 86 levels.

RELIANCE 1050 CALL OPTION 
Book Profits. If rally continues, then it can zoom up to 35 level by non-stop. 

If Profit Booking starts, then expect slide up to 12 level by non-stop. 
 

Support Levels: 15,18,20,21 & 25 levels. 

Resistance Levels: 31 & 34 levels.

STOCK FUTURES (NSE):
STER FUTURES  
Explosive. Upward Target as per Daily Chart is at 828 level. 
Stop Loss is at 747 level.  
  
Support Levels: 748,755 & 772 levels. 

Resistance Levels: 788,795,811 & 819 levels.

SAIL FUTURES 
Stock can zoom up to 243 level today & on (or) before expiry. 
If Profit Booking Starts, then expect profit booking up to 209 level today & 194 level on (or) before expiry.
 
NTPC Gets Bids for 77% of Shares Offered on Day One 
Buy Indian Rupee on Rate Outlook, Fund Inflows, Wells Fargo Says 
India's rupee will strengthen in the next 12 months as interest rates are raised to tame inflation and overseas funds add to their holdings of the nation's assets, according to Wells Fargo Co.
 
Bernanke Vows to Defend Fed at Swearing-In Ceremony 
Ben S. Bernanke vowed to defend the independence of the Federal Reserve, work harder to explain its decisions to the public and step up supervision of the nation's banks during his second term. 
 

China May Scrap Plan for Mills to Match ArcelorMittal in Size 
China, the world's largest steel producer, may pull back from encouraging steelmakers to get as large as global leader ArcelorMittal, as it directs mills to focus on improving product quality, a government adviser said. 
 

Wall Street counting down to Friday's jobs report 
Cisco trounces estimates, sees strong recovery 
Bank reform faces hurdle on Volcker rule 

The White House has some quick explaining to do if it wants to convince lawmakers that a proposed limit on risk-taking by big banks needs to be included in financial reforms that are already more than a year in the making. 
Obama: US Must Address Dollar-Yuan Exchange Rates

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 03-Feb-2010 2335.86 1939.73 396.13
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 03-Feb-2010 1003.21 1002.75 0.46

--
Arvind Parekh
+ 91 98432 32381