Thursday, February 18, 2010

Market Outlook 18th Feb 2010

Strong & Weak  Stocks
This is list of 10 strong : 
Titan, Jindal Saw, Bhushan Steel, Siemens, Bajaj Auto, McDowell-N, GTL Infra, Mphasis, Lupin & Cummins India.  
And this is list of 10 Weak stocks: 
Bharti Airtel, Recltd, DLF, ICSA, Bajaj Hind, Suzlon, IOB, EKC, Tata Comm & TTML.
Nifty is in Up trend  

NSE Nifty Index   4914.00 ( 1.20 %) 58.25       
 1 23
Resistance 4943.274972.53   5015.37  
Support 4871.174828.33 4799.07

BSE Sensex 16428.91 ( 1.25 %) 202.23      
 1 23
Resistance 16530.2316631.55 16782.21
Support 16278.2516127.59 16026.27

NIFTY FUTURES (F & O):
 Above 4913-4915 zone, rally may continue up to 4925 level by non-stop. 
Support at 4893 & 4897 levels. Below these levels, expect profit booking up to 4872-4874 zone and thereafter slide may continue up to 4854-4856 zone by non-stop. 
Buy if touches 4822-4824 zone. Stop Loss at 4804-4806 zone. 
On Positive Side, cross above 4944-4946 zone can take it up to 4963-4965 zone by non-stop. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:
 Bearish Trend. 
Down Side Target at 4424.10. 
Stop Loss at 4949.90. 
We are trading near Stop Loss level. We should believe that Stop Loss won't triggered. If triggered & closes 4949.90 level by consecutive 3 days then expect short covering up to 5212.80 level by non-stop.

Equity:
BHARTIARTL (NSE Cash) 
Buy for Intra-Day Gains.  

Target at level 298.00. 
Stop Loss at 271 level.

SBIN (NSE Cash) 
Buy for Intra-Day Gains.  
Target at level 2000.00. 
Stop Loss at 1927 level.

AXISBANK (NSE Cash) 
Buy for Intra-Day Gains.  
 Target at level 1118.00. 
Stop Loss at 1032 level.

 HINDALCO (NSE Cash): 
 Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 11 days. 

ONMOBILE (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days. 

RANBAXY (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days. 

WIPRO (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 10 days. 

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

OPTIONS (NSE):
NIFTY 4900  CALL OPTION 
Bulls were on Target Yesterday. No Clear Trend for Today. 

If rally continues, then rally may be capped upside at around 82 level. 
Support at 52 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 580 CALL OPTION 
Excellent move by Bulls. No Clear Trend for Today. 

If rally continues, then rally may be capped upside at around 25 level. 
Support at 4 level. If profit booking starts, then it can slide up to this level.

STOCK FUTURES (NSE):
ABAN FUTURES  
Buy with a Stop Loss of 1221 level for Intra-Day Gains. Target at 1346 level.

EDUCOMP FUTURES  
Bulls dominated & they have beaten expectations on yesterday. Bullish Trend may continue for today & they may continue to dominate on (or) before expiry also. 

 Buy with a Stop Loss of 665 level with a Target of 737 level. Upside may be capped up to 766 level on (or) before expiry.  
Stop Loss up to expiry should be at around 636 level.


FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
FII 17-Feb-20102371.45 1851.23520.22
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII17-Feb-2010 1159.07961.93 197.14

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