Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-16Apr2010.htm
Arvind Parekh
+ 91 98432 32381
Derivative EOD report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-15-Apr-2010.htm
 Corporate News Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Tata Motors said global sales of its vehicles in March rose 39% from a year ago to 101,712 units. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | L&T is planning to enter the heavy industrial tyre business in collaboration with Japanese heavy machinery manufacturer Mitsubishi Heavy Industries (MHI). (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | SAIL is in talks with South Korean steel major Posco and Japan's Kobe Steel for technology tie-ups to jointly set up steel plants, Parliament was informed. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
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| Economic and Political Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | India's wholesale price inflation rose in March following an easing in manufacturing inflation. India's wholesale price index rose 9.90% in March from a year earlier and slightly higher than the previous month's annual rise of 9.89%. Manufacturing inflation eased to 7.13% in March from 7.4% in the previous month. Fuel inflation, however, quickened to 12.71% in the same month from 10.2% in February following a hike in domestic fuel prices and an upswing in world crude prices. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Manufacturing production in the US accelerated in March as factories spearheaded the recovery from the worst recession since the 1930s. Output at factories climbed 0.9% after a 0.2% in February that was revised from a previously estimated decline, Federal Reserve figures showed. (Bloomberg) | ||||||||||||||||||||||||||||||||||||||||||||
| • | The number of Americans filing claims for jobless benefits unexpectedly increased last week, indicating the improvement in the labor market will take time to unfold. Initial jobless applications increased by 24,000 to 484,000 in the week ended April 10, the highest level since Feb. 20, Labor Department figures showed in Washington. (Bloomberg) NIFTY SPOT/CASH LEVELS TODAY
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Strong & Weak stocks today
This is list of 10 strong stocks:
Sintex, Ansal Infra, Pir Health, FSL, Divi'S Lab, Zeel, Rel Infra, GMR Infra, Titan & LITL.
And this is list of 10 Weak stocks:
BEL, Mc Dowell, Renuka, Hind Petro, Sail Ltd, Tech Mahindra, Maruti, ONGC, Orchid Chem & Punj Llyod.
The daily trend of nifty is in downtrend
NIFTY FUTURES (F & O):
Above 5305 level, expect short covering up to 5346-5348 zone and thereafter it can zoom up to 5387-5389 zone by non-stop.
Support at 5267 level. Below this level, selling may continue up to 5256-5258 zone by non-stop.
Below 5215-5217 zone, expect panic up to 5174-5176 zone by non-stop.
On Positive Side, cross above 5428-5430 zone can take it up to 5469-5471 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.
We are trading near Target Level of 5225.30. If breaks & closes 5225.30 level by consecutive 3 days then it can tumble up to 5143.50 level by non-stop.
STOCK FUTURES (NSE):
ABIRLANUVO FUTURES:
Real Selling on Yesterday. If fall continues, then slide may continue up to 875.20 level by non-stop. If short covering starts, then it can zoom up to 939.80 level and have caution.
ROLTA FUTURES (4 Day's Holding):
Speculative Selling taken place in last 4 trading days. If fall continues, then slide may continue up to 173.75 level by non-stop. If short covering starts, then it can zoom up to 201.75 level and have caution.
OPTIONS (NSE):
NIFTY 5300 PUT OPTION:
Yesterday's rally was surprising. Real Buying too. If rally continues, then rally may continue up to 154.00 level by non-stop. If Profit Booking starts, then expect slide up to 44.00 level by non-stop and have caution.
ITC 260 PUT OPTION:
Real Buying on Yesterday. If rally continues, then rally may continue up to 5.10 level by non-stop. If Profit Booking starts, then expect slide up to 1.10 level by non-stop and have caution.
Equity:
RELIANCE (NSE Cash)
There were reports that the company could sell Treasury shares again.
Technicals:
Speculative Selling on yesterday. If fall continues, then slide may continue up to 1037.20 level by non-stop. If Short Covering Starts, then it can zoom up to 1134.90 level and have caution.
ICICIBANK (NSE Cash)
Rising inflation raised concerns of an imminent interest rate hike by the Reserve Bank. Higher interest rates could temper demand for loans and could lead to reduced consumer spending that could in turn hit earnings of companies.
Technicals:
Speculative Selling on yesterday. If fall continues, then slide may continue up to 870.70 level by non-stop. If Short Covering Starts, then it can zoom up to 957.90 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 | 15-Apr-2010 | 3928.02 | 3828.32 | 99.7 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 15-Apr-2010 | 1222 | 1298.87 | -76.87 |
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
