Strong & Weak
This is list of 10 strong : Titan, Chambal Fert, Nagarjuna Fertil, Siemens, Bank of Baroda, Axis Bank, Bhushan Steel, Jindal Saw, Cummins India & Indusind Bank.
And this is list of 10 Weak: Bajaj Hind, Suzlon, Recltd, ICSA, Balrampur Chini, Renuka, DLF, Praj Ind, Bharti Airtel & GMR Infra.
Nifty is in Up trend
 | 4887.75 | ( -0.53 %) | -26.25 |  |
| 1 | 2 | 3 | ||
| Resistance | 4915.30 | 4942.85 | 4963.65 | |
| Support | 4866.95 | 4846.15 | 4818.60 | |
 | 16327.84 | ( -0.62 %) | -101.07 | | |
| 1 | 2 | 3 | |||
| Resistance | 16424.51 | 16521.18 | 16589.85 | ||
| Support | 16259.17 | 16190.50 | 16093.83 | ||
NIFTY FUTURES (F & O):
Above 4904 level, expect short covering up to 4920-4922 zone and thereafter expect a jump up to 4935-4937 zone by non-stop.
Support at 4877-4879 zone. Below this zone, selling may continue up to 4873 level and thereafter slide may continue up to 4861-4863 zone by non-stop.
Below 4856-4858 zone, expect panic up to 4840-4842 zone by non-stop.
On Positive Side, cross above 4940-4942 zone can take it up to 4956-4958 zone by non-stop. Supply expected at around this zone and have caution.
Short-Term Investors:
Bearish Trend.
Down Side Target at 4424.10.
Stop Loss at 4949.90.
Equity:
HDFCBANK (NSE Cash)
Buy for Intra-Day Gains.
Target at 1731.00 level.
Stop Loss at 1651 level.
BOMDYEING (NSE Cash)
Buy for Intra-Day Gains.
Target at 601.00 level.
Stop Loss at 525 level.
INFOSYSTCH (NSE Cash)
Buy for Intra-Day Gains.
Target at 2584.00 level.
Stop Loss at 2486 level.
BPCL (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 11 days.
IOC (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days.
NAGARFERT (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 6 days.
TATACHEM (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.
MAX (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days.
OPTIONS (NSE):
NIFTY 4900 PUT OPTION
Book Profits.
If rally continues, then rally may be capped upside at around 85 level.
Support at 23 level. If profit booking starts, then it can slide up to this level.
RELIANCE 1000 PUT OPTION
Excellent move by Bulls. They will continue to dominate today also.
If rally continues, then rally may be capped upside at around 41 level.
Support at 5 level. If profit booking starts, then it can slide up to this level.
STOCK FUTURES (NSE):
IBREALEST FUTURES
Fallen heavily. But yesterday's fall was below expectations. This scrip should have fallen more. Bearish Trend should continue today also.
Sell with a Stop Loss of 176 level for Intra-Day Gains. Target at 151 level.
RENUKA FUTURES
Yesterday's fall was totally surprising. Bulls should have dominated & Instead Bears dominated. No Clear Trend for Today. Bulls will stage a comeback on (or) before expiry.
Sell with a Stop Loss of 192 level with a Target of 174 level. Down side may be limited up to 166 level on (or) before expiry.
Stop Loss up to expiry should be at around 202 level.
| activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 18-Feb-2010 | 1791.04 | 2142.21 | -351.17 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 18-Feb-2010 | 829.52 | 952.19 | -122.67 |
INVESTMENT VIEW
Abbott Labs-BSE 500488
Lowest PE MNC Pharma Play at 13XFY11, TGT Rs 1200
Abbott India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from March 05, 2010 to March 12, 2010 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on March 12, 2010.
Revenues FY10 Rs 767 crore (Rs 675 crore)
PAT FY10 Rs 77 crore (Rs 62 crore)
EPS Rs 57 (Rs 44)
Dividend Rs 17 (Rs 17)
PE 14.7
(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)
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
Arvind Parekh
+ 91 98432 32381
