SPOT INDEX LEVELS
 | 5080.25 | ( -0.15 %) | -7.85 |  |
| 1 | 2 | 3 | ||
| Resistance | 5101.80 | 5123.35 | 5149.75 | |
| Support | 5053.85 | 5027.45 | 5005.90 | |
 | 16971.70 | ( -0.17 %) | -28.31 | | |
| 1 | 2 | 3 | |||
| Resistance | 17035.09 | 17098.48 | 17172.00 | ||
| Support | 16898.18 | 16824.66 | 16761.27 | ||
Strong & Weak Stocks
This is list of 10 strong stocks
Sesa Goa, Tata Motors, Canara Bank, Titan, Sail Ltd, Mcdowell-N, JSW Steel, Hind Zinc, Orient Bank & Ashok Ley.
And this is list of 10 Weak Stocks:
Bajaj Hind, Renuka, FSL, BPCL, Mphasis, Tata Comm, Balrampur Chini, Chambal Fert, ICSA & Hind Petro.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Above 5100 level, rally may continue up to 5105-5107 zone and thereafter expect a jump up to 5115-5117 zone by non-stop.
Support at 5070 & 5071 levels. Below these levels, expect profit booking up to 5053-5055 zone and thereafter slide may continue up to 5043-5045 zone by non-stop.
Buy if touches 5038-5040 zone. Stop Loss at 5028-5030 zone.
On Positive Side, cross above 5120-5122 zone can take it up to 5130-5132 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:
ARSSINFRA (NSE Cash)
This scrip went up on yesterday. It should have been gone up more & below expectations. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 859 level.
Stop Loss at 718 level.
UNITECH (NSE Cash)
This scrip went up on yesterday. It should have been gone up more & below expectations. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 82.95 level.
Stop Loss at 75.25 level.
OPTIONS (NSE):
NIFTY 5100 CALL OPTION
Closed Positively on yesterday & But listless trading. Uptrend should
continue today.
If Buying continues, then it can zoom up to 105.55 level.
If Profit Booking starts, then slide may continue up to 58.25 level.
SESAGOA 440 CALL OPTION
Bulls beaten expectations on yesterday. Uptrend should continue today.
If Rally continues, then it may continue up to 34.15 level.
If Profit Booking starts, then it can tumble up to 4.05 level by non-stop and have caution.
STOCK FUTURES (NSE):
APOLLOTYRE FUTURES
Uptrend expected on yesterday & Bulls beaten expectations. Uptrend should continue today.
Buy with a Stop Loss of 61.25 level for Intra-Day Gains. Target at 68.65 level.
TATASTEEL FUTURES
It should have fallen yesterday. Instead, this scrip zoomed & Bulls should have done better on yesterday. Uptrend should continue today & next week also. (Up to 12.03.2010)
Buy with a Stop Loss of 601 level with a Target of 640 level. It may zoom even up to 687 level on (or) before 12.03.2010.
Stop Loss on (or) before 12.03.2010 should be at 554 level.
This scrip went up on yesterday. It should have been gone up more & below expectations. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 319 level.
Stop Loss at 297 level.
CENTURYTEX (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 11 days.
CHAMBLFERT (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 3 days.
ONMOBILE (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 9 days.
BHARTISHIP (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 8 days.
NFL (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 6 days.
OPTIONS (NSE):
NIFTY 5100 CALL OPTION
Closed Positively on yesterday & But listless trading. Uptrend should
continue today.
If Buying continues, then it can zoom up to 105.55 level.
If Profit Booking starts, then slide may continue up to 58.25 level.
SESAGOA 440 CALL OPTION
Bulls beaten expectations on yesterday. Uptrend should continue today.
If Rally continues, then it may continue up to 34.15 level.
If Profit Booking starts, then it can tumble up to 4.05 level by non-stop and have caution.
STOCK FUTURES (NSE):
APOLLOTYRE FUTURES
Uptrend expected on yesterday & Bulls beaten expectations. Uptrend should continue today.
Buy with a Stop Loss of 61.25 level for Intra-Day Gains. Target at 68.65 level.
TATASTEEL FUTURES
It should have fallen yesterday. Instead, this scrip zoomed & Bulls should have done better on yesterday. Uptrend should continue today & next week also. (Up to 12.03.2010)
Buy with a Stop Loss of 601 level with a Target of 640 level. It may zoom even up to 687 level on (or) before 12.03.2010.
Stop Loss on (or) before 12.03.2010 should be at 554 level.
INVESTMENT VIEW
Selan Oil Exploration: A Rs 1000 Stock?
Selan Exploration Technology Limited
(SELAN) is engaged in oil exploration and production with a right to develop three discovered oilfields situated in the state of Gujarat namely Bakrol, Indrora and Lohar, all with proven oil and gas reserves. SELAN was subsequently awarded two more fields in Gujarat namely Ognaj Oilfield and Karjisan Gas field.
The Proven and Probable (2P) Reserves of Bakrol Oilfield alone are 73 Million Barrels as per the latest annual report. Management has indicated that Indrora Oilfield contain far larger quantities of recoverable oil than Bakrol.
Let us conservatively assume 100 Million Barrels of Oil Reserves under Selan. At $ 70 per barrel, Selan's reserve could be valued at Rs. 33,000 Cr.
Selan's production cost is $11 per barrel, which is reasonably low. Rawa Field has the cost of production at around $7 per barrel and considered to be one of the lowest cost. Company has to pay $5 per barrel as Royalty to the government. Better technology in oil production and increased capex could result in dramatic change in the scale of production from next couple of years. Selan has budgeted for Rs100 Cr. capital expenditure for next one year. Conservative management and low- debt balance sheet makes it a safe investment opportunity.
I have been watching Selan from the time it used to be quoted at single digit. It could be a multi-bagger even from the current levels. An Enterprise Valuation of 5% of 2P Reserves could lead to market capitalization of Rs.1650 Cr and that means a share price in four digits!!
(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.)
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 04-Mar-2010 | 2476.63 | 1842.82 | 633.81 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 04-Mar-2010 | 952.31 | 1588.2 | -635.89 |
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
+ 91 98432 32381
