Strong & Weak Stocks
This is list of 10 strong stocks
Ashok Ley, UCO Bank, Andhra Bank, DCB, Uniphos, Indian Bank, Ansal Infra, Pir Health, Vijaya Bank & Tulip.
And this is list of 10 Weak Stocks
RNRL, Balrampur Chini, Renuka, ABB, Bajaj Hind, Tech Mahindra, Aban Off shore, Educomp, India Cement & JP Associates.,
The daily trend of nifty is in downtrend
 Corporate News Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Pratibha Industries said it has bagged an order worth Rs. 1.00 bn from the Maharashtra government for construction related works. The nature of work includes construction of bridges, maintenance of roads and toll collection. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Dabur said it will go ahead with its overseas acquisition plans this fiscal, particularly in the personal care and healthcare segment, in the Middle East and African countries. (ET) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Concurrent (India) Infrastructure has got a Rs. 7.44 bn project from Kranthi Constructions for infrastructure related works in Guwahati, Assam. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
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| Economic and Political Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Continuing the trajectory of growth, Indian Railways have earned Rs. 72.92 bn in April compared to Rs. 66.48 bn during the same period last year, registering an increase of 9.69%. The total goods earnings have also gone up from Rs. 45.16 bn during April 2009 to Rs. 49.48 bn during April 2010, showing an increase of 9.57%. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | China's trade surplus shrank 87% in April from a year earlier as imports grew faster than exports because of stimulus-driven domestic demand. The surplus of USD 1.68 bn, reported by the customs bureau on its website, compared with a deficit in March. Imports gained 49.7%. Exports rose 30.5%. (Bloomberg) | ||||||||||||||||||||||||||||||||||||||||||||
| • | The Bank of England kept its bond- purchase plan on hold for a fourth month and its interest rate at a record low to nurture the recovery as the post-election power vacuum and the Greek debt crisis overshadowed the economy. The Monetary Policy Committee maintained the target for its bond holdings at GBP 200 bn. The bank also kept the benchmark interest rate at a record low of 0.5%. (Bloomberg) Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-10-May-2010.htm Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-11May2010.htm CASH / SPOT INDEX LEVELS TODAY
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NIFTY FUTURES (F & O):
Rally may continue up to 5218 level for time being.
Support at 5166 & 5190 levels. Below these levels, expect profit booking up to 5116-5118 zone and thereafter slide may continue up to 5068-5070 zone by non-stop.
Buy if touches 4956-4958 zone. Stop Loss at 4908-4910 zone.
On Positive Side, cross above 5266-5268 zone can take it up to 5315-5317 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
Short-Term Investors:
Bearish Trend.
Down Side Target at 4812.00.
Stop Loss at 5238.00.
We are trading near Stop Loss level. Traders should believe that Stop Loss level won't get triggered. If getting triggered & If able to close at above 5238.00 level by consecutive 3 days then expect a jump up to 5451.00 level by non-stop.
STOCK FUTURES (NSE):
JSWSTEEL FUTURES
JFE, which last year agreed to collaborate with JSW Steel Ltd. on automobile steel production, will make a decision on whether it plans to take a stake in the Indian company, or invest in a factory in the nation in the next six months, Hayashida said. The two companies will consider buying stakes in each other, JFE said Nov. 19, when they announced the tie up.
"We're under discussion with a wide range of possibilities," Hayashida said. Any planned purchase of JSW won't exceed a 15 percent holding, he said.
Technicals: JSWSTEEL FUTURES
Yesterday's rally was a surprise & Real Buying too.
Bull's eyeing a Target of 1311.50 level on upper side. Looks over ambitious & if you look at Positive Global Cues then this target may be possible too.
On Negative Side, if Profit Booking Starts then it can slide up to 1140.30 level by non- stop. Huge risk involved.
UNITECH FUTURES (5 Trading Day's Holding)
As per a report on Mint, Mumbai leads the pack with the rates going up by 30-40% in the
past six months. This is followed by the national capital region of Delhi and cities such as Bangalore, where prices have gone up by 15-20%.
Technicals: UNITECH FUTURES (5 Trading Day's Holding)
Actually Selling taken place in last 5 Trading Days. Do not worry about this fall &
Speculative Selling too.
Bear's eyeing a Target of 68.75 level on down side. Look at Positive Global Cues & this target may not be possible too.
On Positive Side, if Start Recovers then expect a jump up to 83.90 level by non-stop and have caution.
OPTIONS (NSE):
NIFTY 5200 CALL OPTION
Yesterday's rally was a surprise & Real Buying too.
Bull's eyeing a Target of 143.60 level on upper side. Looks over ambitious & if you look at Positive Global Cues then this target may be possible too.
On Negative Side, if Profit Booking Starts then it can slide up to 48.00 level by non-stop. Huge risk involved.
RELIANCE 1100 CALL OPTION
Yesterday's rally was in line with the expectations. Do not get excited & Bulls Rigged.
Bull's eyeing a Target of 32.70 level on upper side. Looks over ambitious & if you look at Positive Global Cues then this target may be possible too.
On Negative Side, if Profit Booking Starts then it can slide up to 10.00 level by non-stop.
Huge risk involved.
Equity:
TATASTEEL (NSE Cash)
Tata Steel which is reportedly raising Rs 10,000 crore debt also rallied.
Technicals: TATASTEEL (NSE Cash)
Yesterday's rally was a surprise & Real Buying too.
Bull's eyeing a Target of 650.00 level on upper side. Looks over ambitious & if you look at Positive Global Cues then this target may be possible too.
On Negative Side, if Profit Booking Starts then it can slide up to 554.90 level by non- stop. Huge risk involved.
TATAMOTORS (NSE Cash)
India's Tata Motors Ltd. (500570.BY) aims to raise INR1 billion by selling bonds, a person familiar with the matter said Monday.
India's largest auto maker by sales plans to sell 10-year bonds paying a coupon of 9.75%, the person, who asked not to be named, told Dow Jones Newswires.
Yes Bank is the sole arranger of the issue, which will be privately placed, the person added.
Other details such as the end use of the funds weren't immediately available.
Technicals: TATAMOTORS (NSE Cash)
Yesterday's rally was a surprise & Real Buying too.
Bull's eyeing a Target of 870.45 level on upper side. Looks over ambitious & if you look at Positive Global Cues then this target may be possible too.
On Negative Side, if Profit Booking Starts then it can slide up to 765.55 level by non- stop. Huge risk involved.
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 10-May-2010 | 3123.29 | 2859.33 | 263.96 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 10-May-2010 | 1405.92 | 1375.67 | 30.25 |
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
Arvind Parekh
+ 91 98432 32381
