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