This is list of 10 strong Stocks:
Titan, Triveni, Indusind Bank, Cummins Ind, Sun TV, Lupin, Assian Paint, Dabur, BOB & Auro Pharma.
And this is list of 10 Weak Stocks:
Orchid Chem,GMR Infra, IOB, LITL, Renuka, India Info, KFA, Ranbaxy, ICSA & Praj Ind.
Nifty is in Down trend
 | 4845.35 | ( -1.75 %) | -86.50 |  |
| 1 | 2 | 3 | ||
| Resistance | 4906.98 | 4968.62 | 5005.93 | |
| Support | 4808.03 | 4770.72 | 4709.08 | |
 | 16224.95 | ( -1.64 %) | -271.10 | | |
| 1 | 2 | 3 | |||
| Resistance | 16425.85 | 16626.74 | 16745.27 | ||
| Support | 16106.43 | 15987.90 | 15787.01 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 04-Feb-2010 | 1730.04 | 1885.42 | -155.38 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 04-Feb-2010 | 1451.5 | 1210.11 | 241.39 |
Below 4833 level, selling may continue up to 4814 level by non-stop.
Hurdles at 4844 & 4855 levels. Above these levels, expect short covering up to 4887-4889 zone and thereafter expect a jump up to 4919-4921 zone by non-stop.
Sell if touches 4972-4974 zone. Stop Loss at 5003-5005 zone.
On Negative Side, break below 4780-4782 zone can create panic up to 4748-4750 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:
ABAN (NSE Cash)
Weak. Down Side Target as per Daily Chart is at 1115 level.
Stop Loss is at 1225 level.
Resistance Levels: 1189,1197,1209 & 1213 levels.
Support Levels: 1123,1143,1155 & 1165 levels.
RELIANCE (NSE Cash)
Weak. Down Side Target as per Daily Chart is at 988 level.
Stop Loss is at 1043 level.
Resistance Levels: 1029 & 1038 levels.
Support Levels: 995,1004,1005 & 1009 levels.
UNITECH (NSE Cash)
Weak. Down Side Target as per Daily Chart is at 67 level.
Stop Loss is at 74 level.
Resistance Levels: 72 level.
Support Levels: 68 & 70 levels.
DLF (NSE Cash)
Weak. Down Side Target as per Daily Chart is at 288 level.
Stop Loss is at 337 level.
Resistance Levels: 325,332 & 335 levels.
Support Levels: 290,293,300,303,305,309,316 & 318 levels.
ADVANTA (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days.
MCLEODRUSS (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 7 days.
GLENMARK (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 7 days.
GUJRATGAS (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.
MSKPROJ (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 3 days.
NIFTY 4800 PUT OPTION
Explosive. If rally continues, then it can zoom up to 139 level by non-stop.
If Profit Booking starts, then expect slide up to 66 level by non-stop.
Support Levels: 72,80 & 87 levels.
Resistance Levels: 107,108,118,119 & 132 levels.
TATASTEEL 580 PUT OPTION
Explosive. If rally continues, then it can zoom up to 39 level by non-stop.
If Profit Booking starts, then expect slide up to 19 level by non-stop.
Support Levels: 20,22 & 25 levels.
Resistance Levels: 30,32,33 & 36 levels.
STOCK FUTURES (NSE):
AUROPHARMA FUTURES
Sideways Pattern with Positive bias. Upward Target as per Daily Chart is at 938 level.
Stop Loss is at 882 level.
Support Levels: 884,890,893 & 902 levels.
Resistance Levels: 920 & 927 levels.
HINDALCO FUTURES
If selling continues then it can tumble up to 143 level today & it may crash up to 139 level on (or) before expiry.
If short covering starts, then it can zoom up to 155 level today & it may even jump up to 173 level on (or) before expiry.
IMF Says India Can Raise Rates Gradually as 'Conditions Ripe'
India can gradually start raising interest rates as Asia's third-largest economy is among the first to recover after the global financial crisis, the International Monetary Fund said.
"The conditions are ripe for a progressive normalization of the monetary stance," the IMF said in a report on its Web site yesterday. "India's economy is one of the first in the world to recover" and the central bank should take "a gradual approach to ensure the recovery reaches its full potential."
India Stocks Fall on Lower-Than-Expected Offers for NTPC Shares
Emerging Equity Funds Post Most Outflows in 24 Weeks
Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks, as earnings and Greece's debt woes raised concerns that the global recovery may falter, according to EPFR Global.
Investors removed almost $1 billion from global emerging market stock funds in the week ended Feb. 3, the most in more than a year, and withdrew $516 million from Asian equities outside of Japan, the research company said in a statement. Latin American funds also posted outflows, while those buying emerging Europe, Africa and the Middle East shares reported "modest" net inflows, according to the statement.
Ranbaxy Asked to Review Plants by U.S. Regulator, Economic Times Says
U.S. stocks reel as global economic worries return
Throughout the day, investor fretted over signs that Europe's governments are struggling to finance their debts and that America's employment picture may not be improving as much as expected.
Buffett's Berkshire Hathaway loses long-standing AAA rating
Friday: Jobs Report in Focus as Investors Flee Risky Assets
Sovereign Debt Fears to Keep Markets Under Pressure: Gross
What should investors do when stock markets turn volatile?
The Sensex is undergoing some volatile movements this week - flat on Monday, down 200 points on Tuesday, up 300 the next, down nearly 300 today - going nowhere in particular.
This is a trying time for investors, who are bewildered about what Mr Market is up to. Is this a good time to buy, or sell, or sit on the sidelines?
Patient, long-term investors are probably waiting for a clear trend to emerge. Die-hard traders may be using this opportunity to make some quick trading profits.
To decide what to do, one must understand the cause of stock market volatility. It is usually caused by uncertainty in the minds of market participants. Uncertainty about what? About the near-term market trend.
We had a long bull rally, which made an intermediate top at 17790 on Jan 6 '10. The index had a sharp 10% (1800 points) fall. Since then it is neither going up, nor falling down. Is this the correction before a new rally, or a pause before a bigger fall? Or, is this the beginning of a sideways consolidation movement?
No one really knows. That is the main reason of anxiety among investors, which is causing the volatility. Jeremy Siegel (author of 'Stocks for the Long Run') has observed in his research that stock markets show a tendency to 'revert to mean'.
The current P/E of the Sensex is above 20, and the mean value is closer to 15. Reversion to mean means a bigger fall should be the logical outcome.
High volatility is usually indicative of a change in trend. That again points to a fall, because the previous trend was up. Most analysts and experts have started suggesting different lower levels for the Sensex.
That can be a contrarian play. When every one agrees that the index will fall, Mr Market tends to do just the opposite.
There are no easy answers to the question - except my favourite one. Forget about the index and remain stock specific. Watch your portfolio like a hawk. If you own some less than stellar scrips which are moving up, book profits.
If you own fundamentally strong stocks that are moving down, don't sell in a hurry. If the fundamentals have not changed for the worse, use the dips to add. If you are in doubt, stay out. Wait for a clearer trend to emerge.
Arvind Parekh
+ 91 98432 32381
