Strong & Weak futures
This is list of 10 strong stocks
Ashok Ley, Glaxo, EKC, India Hotel, Andhra Bank, Lic house, Titan, Uniphos, PFC & ICSA.
And this is list of 10 Weak Stocks:
Idea, Bharti Airtel, Aban Off shore, ABB, Renuka, RCom, Educomp, Bajaj Hind, Balrampur Chini & Punj Lloyd.
The daily trend of nifty is in downtrend
Derivatives EOD Report http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-13-May-2010.htm
 Corporate News Headline | |
| • | Power Finance Corporation offered investors in its 10 and 15-year bonds a choice to convert their fixed rate exposure to floating through a swap deal, two sources familiar with the issue said. (BS) |
| • | MTNL reported a loss of Rs. 15.74 bn for the fourth quarter ended March 31, 2010. The company had posted a loss of Rs. 730 mn for the same quarter ended March 31, 2009. (BS) |
| • | Hindustan Construction Company launched Highbar Technologies, an IT company with its focus on the Infrastructure industry. (BS) |
| | |
| Economic and Political Headline | |
| • | India's food inflation rate climbed, an increase the government says will be arrested as prospects of normal monsoon rains this year may push prices lower. An index measuring wholesale prices of agriculture products compiled by the Commerce Ministry rose 16.44% in the week ended May 1 from a year earlier. It gained 16.04% the previous week. (Bloomberg) |
| • | The UK trade deficit widened in March as imports jumped the most in six months, led by demand for goods from cars to engineering equipment. The goods-trade gap was GBP 7.5 bn, compared with GBP 6.3 bn pounds in February, the Office for National Statistics said in London. (Bloomberg) |
| • | The number of Americans filing claims for jobless benefits dropped for a fourth straight week, a sign that employers are retaining more workers as the economy expands. Initial jobless claims fell by 4,000 to 444,000 in the week ended May 8, higher than the median forecast of economists surveyed by Bloomberg News, Labor Department figures showed in Washington. (Bloomberg) |
SPOT /CASH INDEX LEVELS TODAY
 | 5178.90 | ( 0.43 %) | 22.25 |  |
| 1 | 2 | 3 | ||
| Resistance | 5211.75 | 5244.60 | 5276.50 | |
| Support | 5147.00 | 5115.10 | 5082.25 | |
 | 17265.87 | ( 0.41 %) | 70.06 | | |
| 1 | 2 | 3 | |||
| Resistance | 17356.56 | 17447.26 | 17505.36 | ||
| Support | 17207.76 | 17149.66 | 17058.96 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 13-May-2010 | 2362.29 | 2377.86 | -15.57 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 13-May-2010 | 1338.01 | 1115.61 | 222.4 |
NIFTY FUTURES (F & O):
Below 5155 level, expect profit booking up to 5147-5149 zone and thereafter slide may continue up to 5127-5129 zone by non-stop.
Hurdle at 5182-5184 zone. Above this zone, rally may continue up to 5188 & 5189 levels and thereafter expect a jump up to 5202-5204 zone by non-stop.
Cross above 5221-5223 zone, can take it up to 5241-5243 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5107-5109 zone. Stop Loss at 5088-5090 zone.
Short-Term Investors:
Bearish Trend.
Down Side Target at 4812.00.
Stop Loss at 5238.00.
STOCK FUTURES (NSE):
TRIVENI FUTURES
Triveni, which had an order book of 8.5 billion rupees as of end-March, expects it to rise to 11 billion rupees by June-end. Executive Director Nikhil Sawhney told Reuters over the telephone.
"Order enquiries (in the engineering business) are very strong. All segments, water, turbine, gear, are showing growth both in topline and order book... it may be more for the water segment as it is growing rapidly," Sawhney said.
The firm, which also produces sugar, is in the process of demerging its turbine business into a separate entity and has formed a joint venture with a unit of General Electric Co to manufacture steam turbines in India.
Technicals: TRIVENI FUTURES
Yesterday's rally was a surprise. Do not get excited & Bulls rigged.
Bull's eyeing a Target of 115.80 level on upper side. It looks that, uptrend may be limited from the current levels and have caution. This scrip should close at above 115.80 level for further uptrend.
On Negative Side, if Profit Booking Starts, then expect a slide up to 106.90 level and have caution.
RENUKA FUTURES (5 Trading Day's Holding)
The government may consider lifting a ban on futures trading in sugar after assessing the final sugar production situation, monsoon and next year's sugarcane plantation scenario, agriculture minister Sharad Pawar said on Wednesday.
RENUKA FUTURES (5 Trading Day's Holding) Technicals:
Actually Selling taken place in last 5 trading days.(It gained on yesterday). Do not worry about this fall.
Bear's eyeing a Target of 51.05 level on down side. Too far on down side, and it should rebound at around this level.
On Positive Side, if Start Recovers then expect a jump up to 58.55 level on upper side. This scrip should close this level for further uptrend.
OPTIONS (NSE):
NIFTY 5200 CALL OPTION
Yesterday's rally was on expected lines. Do not get excited & Bulls rigged.
Bull's eyeing a Target of 101.15 level on upper side. It looks that, target is too far on upper side too.
On Negative Side, if Profit Booking Starts then expect a slide up to 39.70 level by non-stop and have caution.
BHARTIARTL 260 CALL OPTION
Yesterday's fall was on expected lines. Do not worry about this fall & Bears Manipulated.
Bear's eyeing a Target of 3.65 level on down side. It looks that, target is too far on down side.
On Positive Side, if Start Recovers then expect a Short Covering up to 16.85 level and have caution.
Equity:
DLF (NSE Cash)
Real estate stocks were buoyant on the back of strong property prices.
Religare Capital Markets estimates that property prices in India have risen by 25% to 50% from their previous lows and have breached their 2007-08 peaks in Mumbai and Delhi. The brokerage maintained a positive stance on the sector, saying the stocks, which have been lagging the broader market over the past few months, should begin to outperform.
DLF (NSE Cash) Technicals:
Yesterday's rally was in expected lines. Do not get excited & Bulls rigged.
Bull's eyeing a Target of 325.95 level on upper side. It looks that, target is too far on upper side & Bulls will have to work hard.
On Negative Side, if Profit Booking Starts then expect a slide up to 296.95 level by non-stop and have caution.
ABAN (NSE Cash)
A gas platform has sunk in the Caribbean Sea off the coast of Venezuela.
President Hugo Chavez announced the incident via his account on the social networking site Twitter.
He said all 95 workers were evacuated from the Aban Pearl platform before it sank in the early hours of Thursday.
The rig's owners, Aban Offshore Ltd, said it was not clear what had happened but that the platform had been listing.
The Indian firm's CEO, Gopal Dupalkrishnan, told the BBC from his offices in Singapore that the semi-submersible drilling rig had been under contract to a company owned by the Venezuelan government.
It was drilling some of the 16 gas wells in the Mariscal Sucre offshore natural gas project, in the extreme north-east of Sucre state.
The Mariscal Sucre project is being developed by Venezuela's state oil company, PDVSA, without participation from the private sector, Reuters news agency reports.
ABAN (NSE Cash) Technicals:
Yesterday's fall was in expected lines. Do not worry about this fall & Bears Manipulated.
Bear's eyeing a Target of 787.65 level on down side. Too far on down side & Bear's need to work hard.
On Positive Side, if Start Recovers then expect a jump up to 1228.35 level on upper side. Too far on upper side & High risk involved too.
XLTELENE (NSE Cash)
XL Telecom & Energy Ltd has entered into a joint venture with Spain-based SDEM TEGA S.A., for solar power projects EPC business. The two will jointly bid for solar power projects across the globe. SDEM TEGA will initially explore the emerging India's solar initiative along with the growing Latin America, North of Africa and Australian markets to capture significant market share. XL anticipates the India opportunity at about Rs 8,500 crore or $2 billion and 500 mw worth projects, in the next 12 to 24 months.
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
