Friday, February 26, 2010

Market Outlook 26th Feb 2010


NSE Nifty Index   4859.75 ( 0.02 %) 1.15       
 1 23
Resistance 4881.404903.05   4925.95  
Support 4836.854813.95 4792.30

BSE Sensex 16254.20 ( -0.01 %) -1.77      
 1 23
Resistance 16333.3116412.42 16495.51
Support 16171.1116088.02 16008.91

Strong & Weak Stocks
This is list of 10 strong
Glaxo, JSW Steel, Orient Bank, Pir Health, Infosys Tech, Chennai Petro, HCL Tech, Titan, LT & Hero Honda.  
And this is list of 10 Weak 
Bajaj Hind, ICSA, EKC, FSL, Dish TV, Renuka, Polaris Software, MLL, Balrampur Chini & Tata Comm.
Nifty is in Up trend  

NIFTY FUTURES (F & O):
Below 4845 level, expect profit booking up to 4837-4839 zone and thereafter slide may continue up to 4818-4820 zone by non-stop. 
Hurdles at 4873 & 4878 levels. Above these levels, rally may continue up to 4897-4899 zone and thereafter expect a jump up to 4910-4912 zone by non-stop. 
Cross above 4916-4918 zone, can take it up to 4929-4931 zone by non-stop. Supply expected at around this zone and have caution. 
On Negative Side, rebound expected at around 4812-4814 zone. Stop Loss at 4792-4794 zone.

Short-Term Investors:
Bearish Trend. 
Down Side Target at 4666.70. 
Stop Loss at 4923.50.

Equity:
SBIN (NSE Cash) 
Scrip should have been gained yesterday. Surprisingly closed negatively. Selling may continue today also. 
Sell for Intra-Day Gains with a Target of 1875 level. 
Stop Loss at 1954 level.

TATAMOTORS (NSE Cash) 
Fallen on yesterday & it was expected. Bears have beaten expectations. Selling may continue today also. 
Sell for Intra-Day Gains with a Target of 612 level. 
Stop Loss at 694 level.

UNITECH (NSE Cash) 
Scrip should have been gained yesterday. Surprisingly closed negatively. Selling may continue today also. 

Sell for Intra-Day Gains with a Target of 68.65 level. 
Stop Loss at 73.55 level.
 
IBREALEST (NSE Cash): 
 Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 5 days. 

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

UNIONBANK (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 7 days. 

CROMPGREAV (NSE Cash): 
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 15 days. 

PIRHEALTH (NSE Cash):  
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 4 days. 

OPTIONS (NSE):
NIFTY 5100  CALL OPTION 
Listless trading yesterday. Recovery should happen. 
 

If Profit Booking Continues, then slide may continue up to 42.55 level. 
If Short Covering Starts, then it may face resistance at 66.50 level.

INFOSYSTCH 2600 CALL OPTION 
Should have fallen yesterday. Instead, zoomed & Superb performance by Bulls. Uptrend should continue today. 

If rally continues, then it may continue up to 106.00 level. 

If Profit Booking starts, then slide may continue up to 64.00 level.

STOCK FUTURES (NSE):
GVKPIL FUTURES  
Uptrend expected on yesterday & Bulls exceeded expectations. Superb work & Uptrend should continue today also. 
Buy with a Stop Loss of 41.40 level for Intra-Day Gains. Target at 46.00 level.

RECLTD FUTURES  
Rallied yesterday, but within expected target. Uptrend should continue today & expected to perform well up to 05.03.2010. 
Buy with a Stop Loss of 215 level with a Target of 240 level. It may zoom up to 250 level on (or) before 05.03.2010. 
Stop Loss on (or) before 05.03.2010, should be at 206 level.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII25-Feb-2010 2363.072957.85 -594.78
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
FII 25-Feb-20102363.07 2957.85-594.78


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