Friday, June 18, 2010

Market Outlook 18th June 2010

Strong & Weak Stocks
This is list of 10 strong Stocks 
RNRL, RCOM, R Power, Rel Capital, MTNL, TTML, Rel Infra, TV-18, LITL &  BRFL.  
And this is list of 10 Weak Stocks: 
Grasim, Educomp, Chennai Petro, Pir Health, Tata Steel, Petronet, India Hotel, Tulip, JSW Steel & BPCL.
The daily trend of nifty is in Uptrend 


spot index levels
NSE Nifty Index   5274.85 ( 0.79 %) 41.50       
 1 23
Resistance 5304.755334.65   5383.75  
Support 5225.755176.65 5146.75

BSE Sensex 17616.69 ( 0.88 %) 153.82      
 1 23
Resistance 17711.1117805.52 17963.63
Support 17458.5917300.48 17206.07

  Corporate News Headline
•
Reliance Industries may foray into the healthcare sector by buying a 26% stake in hospital chain Fortis Healthcare. (BS)
•
Reliance Power announced the commencement of power generation from 300 Mw Unit II of its Rosa Power Project. (BS)
•
Sun Pharmaceutical Industries has received the US health regulator's nod for marketing a generic version of the Keppra injection, used for treating epilepsy, in the American market. (BS)
  Economic and Political Headline
•
Food inflation continued to hold out above 16% for the eight straight week ending June 5, prompting the RBI to say it could increase interest rates to arrest price-line ahead of a scheduled policy. Week-on-week, food inflation showed a marginal decline to 16.12% on cheaper fruits and vegetables, but the overall rate of price rise surged to double digits in May 10.16%. Week-on-week, prices of fruits and vegetables fell by 6% and tea became cheaper by 2%. Fruits cost 14% less. However, prices of urad rose 6% and that of maize, bajra and gram inched up by 1% each. Pulses became costlier by 34% and milk by 21%. (BS)
•
UK retail sales increased more than economists forecast in May as shoppers bought electrical goods such as wide-screen televisions to watch the World Cup soccer tournament. Sales climbed 0.6% on the month, the Office for National Statistics said in London. (Bloomberg)
•
Manufacturing in the Philadelphia region expanded in June at a slower rate than forecast as a measure of factory employment contracted for the first time in seven months. The Federal Reserve Bank of Philadelphia's general economic index dropped to 8, a 10-month low, from 21.4 in May. (Bloomberg)


FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII17-Jun-2010 2748.72286.1 462.6
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
DII 17-Jun-2010827.7 1191.33-363.63

*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