Thursday, February 25, 2010

Market Outlook 25th Feb 2010

NSE Nifty Index   4858.60 ( -0.24 %) -11.45       
 1 23
Resistance 4881.224903.83   4927.12  
Support 4835.324812.03 4789.42

BSE Sensex 16255.97 ( -0.19 %) -30.35      
 1 23
Resistance 16327.1316398.28 16468.13
Support 16186.1316116.28 16045.13

Strong & Weak  Stocks
This is list of 10 strong stocks: 
Glaxo, Siemens, JSW Steel, Orient Bank, Mcdowell-N, Titan, Hdfc Bank, Hindalco, HCL Tech & Aurobindo Ph.  
And this is list of 10 Weak Stocks: 
Bajaj Hind, FSL, ICSA, EKC, Dish TV, Polaris Software, DLF, Balrampur Chini, Renuka & Suzlon.
Nifty is in Up trend  
 
NIFTY FUTURES (F & O):
Above 4873 level, expect short covering up to 4878-4880 zone and thereafter expect a jump up to 4894-4896 zone by non-stop. 
Support at 4843 & 4852 levels. Below these levels, selling may continue up to 4835-4837 zone and thereafter slide may continue up to 4820-4822 zone by non-stop. 
Below 4815-4817 zone, expect panic up to 4799-4801 zone by non-stop. 
On Positive Side, cross above 4899-4901 zone can take it up to 4915-4917 zone by non-stop. Supply expected at around this zone and have caution. 
Short-Term Investors:
 
Bearish Trend. 
Down Side Target at 4666.80. 
Stop Loss at 4927.90.

Equity:
RELIANCE (NSE Cash) 
Fall expected on yesterday& Surprisingly closed higher. Do remember that, Bulls also lacking power. 

Buy for Intra-Day Gains with a Target of 1007 level. 

Stop Loss at 949 level.

LT (NSE Cash) 
Fall expected on yesterday & Surprisingly closed higher. Do remember that, Bulls also lacking power. 
Buy for Intra-Day Gains with a Target of 1563 level. 
Stop Loss at 1471 level.

JSWSTEEL (NSE Cash) 
Rally expected on yesterday & managed to close positively. Bull's Performance was Below expectations. Rally may continue today also, but do remember that Bulls also lacking power. 
Buy for Intra-Day Gains with a Target of 1131 level. 
Stop Loss at 1035 level.
 
RECLTD (NSE Cash): 
 Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 7 days. 

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

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

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

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

OPTIONS (NSE):
NIFTY 4900  PUT OPTION 
Listless trading yesterday. No Clear Trend for Today. 

If Profit Booking Continues, then slide may continue up to 24 level. 
If Short Covering Starts, then it may face resistance at 70 level.

TATASTEEL 560 PUT OPTION 
Fall expected. Bears have beaten expectations. No Clear Trend for Today. 
 
If selling Continues, then slide may continue up to 0.25 level. 

If short covering starts, then it will face resistance at 5.90 level.

STOCK FUTURES (NSE):
POLARIS FUTURES  
Fallen yesterday. But should have fallen more & Below expectations. Selling may continue today also. 

Sell with a Stop Loss of 156 level for Intra-Day Gains. Target at 140 level.

BGRENERGY FUTURES  
Fall expected. But, Bears have beaten expectations. Selling may continue today also. 
Sell with a Stop Loss of 475 level with a Target of 443 level.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII24-Feb-2010 2354.151868.61 485.54
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII24-Feb-2010 870.451025.12 -154.67
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