Tuesday, February 16, 2010

Market Outlook 16th Feb 2010

Strong & Weak  futures 
This is list of 10 strong future: 
Titan, Chennai Petro, Lupin, Hero Honda Bhushan Steel, Bajaj Auto, Jindal Saw, India Cement, Chambal Fert & BRFL.  
And this is list of 10 Weak futures: 
Baja Hind, Renuka, ICSA, DLF, Ranbaxy, Bharti Airtel, Recltd, Tata Comm, GMR Infra & National Alum.
Nifty is in Down trend  

NSE Nifty Index   4801.95 ( -0.52 %) -24.90       
 1 23
Resistance 4837.074872.18   4898.77  
Support 4775.374748.78 4713.67

BSE Sensex 16038.35 ( -0.71 %) -114.24      
 1 23
Resistance 16172.9916307.62 16388.21
Support 15957.7715877.18 15742.55

NIFTY FUTURES (F & O): 
Below 4789-4791 zone, selling may continue up to 4783 level and thereafter slide may continue up to 4765-4767 zone by non-stop. 
Hurdles at 4806 & 4818 levels. Above these levels, expect short covering up to 4842-4844 zone and thereafter expect a jump up to 4866-4868 zone by non-stop. 
Cross above 4874-4876 zone, can take it up to 4897-4899 zone by non-stop. Supply expected at around this zone and have caution. 
On Negative Side, rebound expected at around 4757-4759 zone. Stop Loss at 4734-4736 zone.

Short-Term Investors:
Bearish Trend. 
Down Side Target at 4424.10. 
Stop Loss at 4949.90.

Equity:
UNITECH (NSE Cash) 
Buy for Intra-Day Gains. Target at 79.10 level. 
Stop Loss at 71.90 level.

JSWSTEEL (NSE Cash) 
Buy for Intra-Day Gains. Target at 1052.00 level. 
Stop Loss at 980.00 level.

INFOSYSTCH (NSE Cash) 
Buy for Intra-Day Gains.Target at 2577.00 level. 
Stop Loss at 2405.00 level.

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

SREINTFIN (NSE Cash): 
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 9 days. 

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

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

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

OPTIONS (NSE):
NIFTY 4800  PUT OPTION 
Closed Positively & No Clear Trend for Tuesday. 
If rally continues, then rally may be capped upside at around 103 level. 
Support at 68 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 520 PUT OPTION 
Sideways Trend with negative bias. If selling continues, then it may continue up to 8 level by non-stop. 

If short covering starts, then it can zoom up to 14 level by non-stop.

STOCK FUTURES (NSE):
BHARTIARTL FUTURES  
Sell with a Stop Loss of 312 level for Intra-Day Gains.  
Target at 256 level.

BANKINDIA FUTURES  
If selling continues, then it can tumble up to 307 level today & expect further fall up to 292 level on (or) before expiry. 
If short covering starts, then it can zoom up to 344 level today & expect a jump up to 358 level by non-stop on (or) before expiry.
 
Bharti's Mittal redials Africa as India growth slows 
Future Group eyes tie-up, unit IPO 

State Bank of India May Acquire Stake in Tata Unit, Mint Reports 
State Bank of India may acquire a 49 percent stake in Tata Motors Finance Ltd., the vehicle financing unit of Tata Motors Ltd., Mint newspaper reported, citing two people familiar with the development that it didn't name because the deal hasn't been finalized. 
Ballarpur Bids $200 Million for GS Paper, Economic Times Reports 
India Inflation Accelerates to 15-Month High of 8.56%
 
Eurozone gives Greece 30 days to show good on deficit
Fed sees paper loss on Bear portfolio: report

Obama to announce loan help for nuclear power

JPM near $1.7 billion deal on RBS Sempra units: report

Greece's Goldman Swaps Spawn Debate About Whether EU Knew of Hidden Debts

Dubai World eyes payment plans

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII15-Feb-2010 1659.381463.39 195.99
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII15-Feb-2010 601.93715.9 -113.97

Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer:
"I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter.  Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report."
-- 
Arvind Parekh
+ 91 98432 32381