Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-15Apr2010.htm
Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-13-Apr-2010.htm
 Corporate News Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | ABB India bagged an order worth Rs. 630 mn from Haryana Vidyut Prasaran Nigam to build a 400kV substation that will facilitate the transmission of electricity from new power generation plants being constructed in the region. The order was booked in the first quarter. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Infosys said it has signed an agreement with Microsoft to manage internal IT services of the software giant globally. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | ONGC wants to challenge the government's decision to withdraw the seven-year tax holiday on production of natural gas in a High Court as the economics of its deep-sea projects will be severely hit because of the decision. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
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| Economic and Political Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Some more tightening of the monetary policy can be expected from the Reserve Bank of India if inflation rises across-the-board, Chief Economic Advisor Kaushik Basu said here. According to Basu, it is expected that March inflation will be high. From July onwards, however, inflation will become very low, he said. "The base effect will come into play in the next three months. From July onwards, it will be very low," he said. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | The cost of living in the US rose in March, while prices excluding food and energy were unexpectedly unchanged, indicating tame inflation is accompanying the economic recovery. The 0.1% gain in the consumer price index was in line with expectations and followed no change in February, the Labor Department reported in Washington. (Bloomberg) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Sales at US retailers climbed in March more than anticipated, signaling consumers will play a bigger role in a broadening economic recovery. Purchases increased 1.6% last month, the most in four months, and gains for February and January were revised up, Commerce Department figures showed in Washington. (Bloomberg) NIFTY CASH/SPOT LEVELS TODAY
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Strong & Weak Stocks
This is list of 10 strong Stocks:
Sintex, Purva, Ansal Infra, Voltas, Rel Infra, Nagarjuna Const, Rolta Ltd, TV-18, Crompton Greaves & Tata Steel.
And this is list of 10 Weak Stocks
BEL, Renuka, Tech Mahindra, Sail Ltd, ONGC, Hind Uni Lvr, Hind Petro, Dr Reddy, Maruti & Bajaj Hind.
The daily trend of nifty is in Up trend since 16th February
NIFTY FUTURES (F & O):
Above 5348 level, expect short covering up to 5352-5354 zone and thereafter expect a jump up to 5363-5365 zone by non-stop.
Support at 5315-5317 zone & 5320 level. Below these levels, selling may continue up to 5313 level and thereafter slide may continue up to 5303-5305 zone by non-stop.
Below 5300-5302 zone, expect panic up to 5288-5290 zone by non-stop.
On Positive Side, cross above 5367-5369 zone can take it up to 5378-5380 zone by non-stop. Supply expected at around this zone and have caution.
Short-Term Investors:
Bearish Trend.
Down Side Target at 5225.30.
Stop Loss at 5388.90.
STOCK FUTURES (NSE):
INDIACEM FUTURES:
Tuesday's fall was surprising. Speculative Selling too. If fall continues, then slide may continue up to 131.25 level by non-stop. If short covering starts, then it can zoom up to 145.55 level and have caution.
(5 Day's Holding)
SAIL FUTURES (5 Day's Holding):
Real Selling taken place in last 5 trading days. If fall continues, then slide may continue up to 197.35 level by non-stop. If short covering starts, then it can zoom up to 260.15 level and have caution.
OPTIONS (NSE):
NIFTY 5300 PUT OPTION:
Tuesday's fall was surprising. Speculative too. If fall continues, then slide may continue up to 46.80 level by non-stop. If short covering starts, then it can zoom up to 87.40 level and have caution.
IDFC 170 PUT OPTION:
Tuesday's rally was surprising. Real Buying too. If rally continues, then rally may continue up to 10.40 level by non-stop. If Profit Booking starts, then expect slide up to 2.85 level by non-stop and have caution.
Equity:
INFOSYSTCH (NSE Cash)
Infosys Technologies has bagged a deal with IT giant Microsoft which involves Infosys providing it's services to Microsoft's Internal IT Management in over 104 countries. This includes Infosys looking after Microsoft's global internal IT services like helpdesk, desk-side services, IT infrastructure and applications support.
Technicals:
Real Buying taken place on Tuesday. If rally continues, then it can zoom up to 2954.70 level by non-stop. If Profit Booking starts, then expect slide up to 2635.00 level and have caution.
NATCOPHARM (NSE Cash)
Generics player Natco Pharma is gearing up to launch 10-12 products this fiscal, with half of them in the oncology segment.
Technicals:
Tuesday's Rally was surprising. Real Buying too. If rally continues, then it can zoom up to 167.85 level by non-stop. If Profit Booking starts, then expect slide up to 147.15 level and have caution.
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 13-Apr-2010 | 3285.44 | 3156.92 | 128.52 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 13-Apr-2010 | 1563.54 | 1310.67 | 252.87 |
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
