Strong & Weak Stocks
This is list of 10 strong stocks:
Indian Bank, DCB, UCO Bank, Pir Health, LITL, Corp Bank, Yes Bank, Andhra Bank, GT Offshore & Allahabad Bank.
And this is list of 10 Weak stocks
Renuka, Triveni, Balrampur Chini, Tech Mahindra, Bajaj Hind, HDIL, Sun Pharma, BEL, Educomp & DCHL.
The daily trend of nifty is in downtrend
Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-30Apr2010.htm
Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-29-Apr-2010.htm
 Corporate News Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | UltraTech Cement reported a 26.14% decline in its net profit at Rs. 2.29 bn for the March quarter from Rs. 3.09 bn reported in the same quarter previous fiscal. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Ashok Leyland said its net profit jumped over four-fold to Rs. 2.23 bn for the quarter ended March 31, over the same period last year. Net sales of the company rose to Rs. 29.41 bn for the quarter ended March 31, from Rs. 12.30 bn in the same period last year, Ashok Leyland said. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | NTPC-BHEL Power Projects Pvt Ltd said it's expecting orders worth Rs. 70.00 bn by the end of the current fiscal. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
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| Economic and Political Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Food inflation fell sharply by over 100 basis points to 16.61% for the week ended April 17 on lower prices of fruits and vegetables. In the previous week ending April 10, food inflation was at 17.65%. Prices of masur, jowar, fruits and vegetables fell by 2% each over the week and that of wheat by 1%. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | European confidence in the economic outlook improved to the highest in more than two years. An index of executive and consumer sentiment in the 16 euro nations rose to 100.6 in April from a revised 97.9 in March, the European Commission in Brussels said. (Bloomberg) | ||||||||||||||||||||||||||||||||||||||||||||
| • | German unemployment fell at the fastest pace in more than two years in April as Europe's largest economy shrugged off a worsening fiscal crisis in the euro region's periphery. The number of people out of work declined a seasonally adjusted 68,000 to 3.29 million, the Federal Labor Agency said. (Bloomberg) SPOT/ CASH INDEX LEVELS TODAY
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| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 29-Apr-2010 | 3889.56 | 3799.12 | 90.44 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 29-Apr-2010 | 1402.45 | 1135.69 | 266.76 |
NIFTY FUTURES (F & O):
Above 5249-5251 zone, rally may continue up to 5256 level by non-stop.
Support at 5229 & 5235 levels. Below these levels, expect profit booking up to 5217-5219 zone and thereafter slide may continue up to 5206-5208 zone by non-stop.
Buy if touches 5189-5191 zone. Stop Loss at 5179-5181 zone.
On Positive Side, cross above 5266-5268 zone can take it up to 5276-5278 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
Short-Term Investors:
Bearish Trend.
Down Side Target at 5050.20.
Stop Loss at 5349.90.
STOCK FUTURES (NSE):
DENABANK FUTURES
Dena Bank has posted results for the fourth quarter ended 31st March 2010.
For the quarter ended 31st March 2010, the net profit stood at Rs1.37bn as compared to Rs1.11bn for the quarter ended 31st March 2009.The operating profit stood at Rs2.80bn as compared to Rs1.87bn for the quarter ended 31st March 2009.
Total capital increased from Rs31.79bn as of March '09 to Rs38.37bn as of March 10.
The bank is planning to open 400 new branches in next 3 years to have national presence.The bank has already opened 3 new CBBs during 2009-10.
The bank is planning to add more Retail Asset Centres in addition to the existing 12 Centres.Total 250 new ATMS to be installed by March 2011.
Technicals: DENABANK FUTURES
Yesterday's rally was surprising & that too Real Buying too.
Bulls eyeing Target of 95.55 level on upper side. If clicks then it will be real jackpot too. If Profit Booking Starts, then expect a slide up to 83.35 level by non-stop.
ANDHRABANK FUTURES (5 Trading Day's Holding)
Andhra Bank said fourth quarter net interest income rose 66% to Rs 656 crore from Rs 395 crore a year ago. Net profit for the quarter rose 19.4% to Rs 240 crore compared to net profit of Rs 201 crore a year ago.
Technicals: ANDHRABANK FUTURES (5 Trading Day's Holding)
Real Buying taken place in last 5 Trading Days.
Bulls eyeing Target of 148.20 level on upper side. If clicks, then it will be jackpot for Bulls. If Profit Booking Starts, then expect a slide up to 119.05 level by non-stop and have caution.
OPTIONS (NSE):
NIFTY 5300 CALL OPTION
Yesterday's rally was surprising. But Bulls rigged & Do not get excited too.
Bulls eyeing Target of 100.95 level on upper side. If Profit Booking Starts, then expect a slide up to 59.10 level and have caution.
RELIANCE 1040 CALL OPTION
Yesterday's rally was surprising. But Bulls rigged & Do not get excited too.
Bulls eyeing Target of 44.80 level on upper side. If Profit Booking Starts, then expect a slide up to 23.45 level and have caution.
Equity:
MINDTREE (NSE Cash)
HSBC, JPMorgan and Credit Suisse downgraded the stock.
Technicals: MINDTREE (NSE Cash)
It fallen in line with the expectations on yesterday. Real Selling too.
If continue to fall, then selling may continue up to 501.50 level and bears will get jackpot too. At the same time, if rebounds then huge upside risk is there and this scrip can jump up to 649.30 level and have caution. Too risky, if start recovers.
JETAIRWAYS (NSE Cash)
Jet Airways has decided to induct two B737s to its fleet in May, indicating that Indian aviation is on a strong comeback trail. The airline will also gradually introduce business class in all its JetKonnect airplanes as the demand from its premium card holders — silver, gold and platinum members — for the business class has grown.
Technicals: JETAIRWAYS (NSE Cash)
Yesterday's rally was a surprise & that too Real Buying too.
If continue to rise, then technically it can zoom up to 570.15 level by non-stop. Bulls will be pleased too. At the same time, if Profit Booking Starts, then expect a slide up to 484.15 level and have caution. Risk is too high.
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."
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Arvind Parekh
+ 91 98432 32381
+ 91 98432 32381
