Market Outlook 9th July 2010

Strong & Weak Stocks

This is list of 10 strong stocks:

Hind Petro, BPCL, Bharat Forg, Aban Off shore, Orchid Chem, GTL, Indusind Bank, Pantaloon Retail, Titan & Ashok Ley.

And this is list of 10 Weak Stocks

RNRL, TV-18, Patni, Sterling Biotech, JP Associates, India Info, ACC, HCL Tech, Sesa Goa & Sail Ltd.

The daily trend of nifty is in Uptrend 

• Supp / Resis SPOT/ CASH LEVELS

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5330.90	5364.95	5409.40
		Support	5252.40	5207.95	5173.90
	Sensex	Resistance	17741.24	17830.75	17933.13
		Support	17549.35	17446.97	17357.46

SUPPORT/ RESISTANCE CASH MARKET

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Aban Offshore Ltd. NSE 862.15 870.83 851.73 879.52 841.32 889.93 832.63 ACC Ltd. NSE 842.75 860.37 830.67 877.98 818.58 890.07 800.97 Ashok Leyland Ltd. NSE 69.05 69.80 68.15 70.55 67.25 71.45 66.50 Bank of Baroda NSE 719.00 728.27 711.37 737.53 703.73 745.17 694.47 Bank of India NSE 368.05 370.90 363.75 373.75 359.45 378.05 356.60 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 966.00 968.92 964.14 971.85 962.29 973.70 959.36 Bharat Forge Ltd. NSE 323.30 331.65 311.70 340.00 300.10 351.60 291.75 Bharat Heavy Electricals Ltd. NSE 2386.55 2405.53 2371.03 2424.52 2355.52 2440.03 2336.53 Bharat Petroleum Corporation Ltd. NSE 698.50 713.60 672.50 728.70 646.50 754.70 631.40 Bharti Airtel Ltd. NSE 280.95 283.18 278.03 285.42 275.12 288.33 272.88 GTL Infrastructure Ltd. NSE 46.05 46.55 45.30 47.05 44.55 47.80 44.05 HCL Technologies Ltd. NSE 359.55 361.60 357.60 363.65 355.65 365.60 353.60 Hindalco Industries Ltd. NSE 144.85 146.03 143.08 147.22 141.32 148.98 140.13 Hindustan Construction Company Ltd. NSE 121.65 124.52 118.47 127.38 115.28 130.57 112.42 Hindustan Oil Exploration Company Ltd. NSE 239.70 244.73 236.63 249.77 233.57 252.83 228.53 Hindustan Unilever Ltd. NSE 266.45 268.63 264.18 270.82 261.92 273.08 259.73 Hindustan Zinc Ltd. NSE 951.20 960.03 945.18 968.87 939.17 974.88 930.33 India Cements Ltd. NSE 107.65 108.53 106.93 109.42 106.22 110.13 105.33 India Infoline Ltd. NSE 94.00 94.57 93.47 95.13 92.93 95.67 92.37 Indian Bank NSE 238.95 241.30 237.10 243.65 235.25 245.50 232.90 Indian Hotels Company Ltd. NSE 105.25 106.20 104.40 107.15 103.55 108.00 102.60 Indian Hotels Company Ltd. - Rights - 6% NCD NSE 100.82 99.54 98.54 100.06 98.06 100.54 97.54 Indian Oil Corporation Ltd. NSE 396.50 402.00 390.80 407.50 385.10 413.20 379.60 Indian Overseas Bank NSE 107.15 108.67 106.32 110.18 105.48 111.02 103.97 IndusInd Bank Ltd. NSE 218.85 222.10 214.30 225.35 209.75 229.90 206.50 NSE Index NSE 5296.85 5330.90 5252.40 5364.95 5207.95 5409.40 5173.90 Orchid Chemicals & Pharmaceuticals Ltd. NSE 177.80 178.68 176.73 179.57 175.67 180.63 174.78 Pantaloon Retail (India) Ltd. NSE 458.65 469.70 451.90 480.75 445.15 487.50 434.10 Patni Computer Systems Ltd. NSE 506.95 512.62 503.17 518.28 499.38 522.07 493.72 Reliance Capital Ltd. NSE 759.90 772.20 752.30 784.50 744.70 792.10 732.40 Reliance Communications Ltd. NSE 187.80 189.60 185.80 191.40 183.80 193.40 182.00 Reliance Industries Ltd. NSE 1057.10 1066.02 1051.72 1074.93 1046.33 1080.32 1037.42 Reliance Natural Resources Ltd. NSE 44.75 45.60 44.25 46.45 43.75 46.95 42.90 Reliance Power Ltd. NSE 175.10 177.47 173.67 179.83 172.23 181.27 169.87 Sterling Biotech Ltd. NSE 106.00 107.28 105.18 108.57 104.37 109.38 103.08 Titan Industries Ltd. NSE 2490.75 2531.83 2432.83 2572.92 2374.92 2630.83 2333.83

*LTP stands for Last Traded Price as on Thursday, July 08, 2010 4:04:48 PM

#1R1   stands for Resistance level 1                         @1S1   stands for Support level 1

#2R2   stands for Resistance level 2                         @2S2   stands for Support level 2

#3R3   stands for Resistance level 3                         @3S3   stands for Support level 3

The levels given above are with respect to previous closing price on the NSE / BSE.

Today Market Update on
http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-09Jul2010.htm
Corporate News Headline
•	Suzlon Energy bagged an order from state-run Hindustan Petroleum Corp for supplying turbines for the oil company's 25.5-MW project at Jaisalmer in Rajasthan. (BS)
•	Reliance Power announced the financial closure of its 4,000 megawatt Krishnapatnam ultra mega power project. The company has raise debt to the tune of Rs. 131.25 bn from 15 banks to finance this project which has an estimated cost of Rs. 175 bn. (BS)
•	Mahindra & Mahindra will decide after a due diligence whether to make a bid for Korean firm Ssangyong Mahindra, Pawan Goenka told reporters. (BS)
Economic and Political Headline
•	Food inflation eased, but fuel inflation accelerated in late June and a recent hike in fuel prices kept the case for the central bank to top up its last Friday's rate hike when it reviews policy on July 27. Data released showed the food price index rose an annual 12.63% in the year to June 26, slower than the previous week's 12.92%, largely as prices in the year-ago period were high. The fuel price index went up by 18.02% during the period, compared with the previous week's 12.90%. The primary articles index rose by 16.08%, compared with 14.75% in the previous week. (BS)
•	The number of Americans applying for jobless benefits last week fell to 454,000, a level that indicates improvement in the labor market is taking time to develop. Initial jobless claims decreased by 21,000 in the week ended July 3, Labor Department figures showed. (Bloomberg)
•	Consumer borrowing in the US dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The USD 9.1 bn decrease followed a revised USD 14.9 bn slump in April, the Federal Reserve reported. (Bloomberg)

US and European markets

Index Latest 1D Chg YTD Nasdaq 1798.31 0.48% (3.33)% DJIA 10138.99 1.20% (2.77)% S&P 500 1070.25 0.94% (4.02)% • US stocks rose, with the Standard & Poor's 500 Index capping its first three-day rally since April, as a drop in jobless claims and higher-than-forecast sales at some retailers bolstered confidence in the economy. The NASDAQ, Dow Jones and S&P 500 surged 0.48%, 1.20% and 0.94%, respectively. DuPont Co. and McDonald's Corp. climbed more than 2.5% to lead the Dow Jones Industrial Average higher. Boeing Co. gained 2.3% after reporting more than USD 3 bn in new orders for its 737 airplane. J.C. Penney Co. and Abercrombie & Fitch Co. surged at least 6.7% after reporting June sales that beat estimates. Index Latest 1D Chg YTD FTSE 100 5105.45 1.81% (5.68)% CAC 40 3538.25 1.57% (10.11)% • UK stocks rose for a third day as the International Monetary Fund's increased global growth forecast and statements from Hays Plc to Galliford Try Plc suggested the economic recovery is intact. The FTSE 100 added 90.63 points or 1.81% at 5,105.45. Lloyds Banking Group Plc climbed 4.3% as BofA Merrill Lynch Global Research reiterated its view that shares of the lender may double within two years. Old Mutual Plc advanced 3.5% after Sky News reported that HSBC Holdings Plc is in the early stages of assessing a bid for Nedbank Group Ltd., which is majority owned by Old Mutual.

Buy / Sell (Jul 08, 2010)
	Buy					Sell	Net
FII	1461.96					1511.20	- 49.24
DII	1037.06					902.37	+ 134.69
*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