Wednesday, March 3, 2010

Market Outlook 3rd Mar 2010

NSE Nifty Index   5017.00 ( 1.92 %) 94.70       
 1 23
Resistance 4990.055057.80   5123.60  
Support 4856.504790.70 4722.95

BSE Sensex 16772.56 ( 2.09 %) 343.01      
 1 23
Resistance 16649.3116869.07 17068.89
Support 16229.7316029.91 15810.15

Strong & Weak Stocks
This is list of 10 strong stocks
Tata Motors, Pir Health, Hindalco, Sesa Goa, Bank of Baroda, Orient Bank, Crompton Greaves, Maruti, Hero Honda & ICICI Bank. 
And this is list of 10 Weak stocks
Bajaj Hind, Renuka, EKC, Balrampur Chini, ICSA, FSL, Chambal Fert, DLF, Dish TV & BPCL.
Nifty is in Up trend  

NIFTY FUTURES (F & O):
Rally may continue up to 5045 level for time being. 
Support at 5008 & 5013 levels. Below these levels, expect profit booking up to 4980-4982 zone and thereafter slide may continue up to 4955-4957 zone by non-stop. 
Buy if touches 4879-4881 zone. Stop Loss at 4854-4856 zone. 
On Positive Side, cross above 5070-5072 zone can take it up to 5095-5097 zone by non-stop. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:
Bullish Trend. 
Up Side Target at 5174.80. 
Stop Loss at 4830.00.

Equity:
UNITECH (NSE Cash) 
Bulls have beaten expectations on yesterday. Uptrend should continue today also. 

Buy for Intra-Day Gains with a Target of 78.70 level. 
Stop Loss at 70.80 level.

RELIANCE (NSE Cash) 
Bulls have beaten expectations on yesterday. Uptrend should continue today also. 
 
Buy for Intra-Day Gains with a Target of 1007.00 level. 
Stop Loss at 958 level.

TATASTEEL (NSE Cash) 
Bulls have beaten expectations on yesterday. Uptrend should continue today also. 
 
Buy for Intra-Day Gains with a Target of 670 level. 

Stop Loss at 579 level.

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

RNRL (NSE Cash): 
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 6 days. 

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

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

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

OPTIONS (NSE):
NIFTY 5000  CALL OPTION 
Should have fallen yesterday. Instead, zoomed & Superb performance by Bulls. Uptrend should continue today. 

If Buying continues, then it can zoom up to 148.15 level. 
If Profit Booking starts, then slide may continue up to 72.50 level. 

ICICIBANK 900 CALL OPTION 
Bulls beaten expectations on yesterday. Uptrend should continue today. 

If rally continues, then it may continue up to 47.05 level. 
If Profit Booking starts, then slide may continue up to 18.35 level.

STOCK FUTURES (NSE):
TATAMOTORS FUTURES  
Bulls beaten expectations on yesterday. Uptrend should continue today. 

Buy with a Stop Loss of 732 level for Intra-Day Gains. Target at 873 level. 

OPTOCIRCUI FUTURES  
Bulls beaten expectations on yesterday. Uptrend should continue today & even up to 05.03.2010. 
 
Buy with a Stop Loss of 213 level with a Target of 234 level. It may zoom even up to 235 level on (or) before 05.03.2010. 
Stop Loss on (or) before 05.03.2010 should be at 204 level.


FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII02-Mar-2010 3759.142423.82 1335.32
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII02-Mar-2010 1274.082251.44 -977.36
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