Strong & Weak Stocks
This is list of 10 strong stocks:
HCC, Bank of India, HDIL, Orchid Chem, DCB, Sintex, Crompton Greaves, JSW Steel, DLF & Vijaya Bank.
And this is list of 10 Weak Stocks
RNRL, Renuka, TV-18, Balrampur Chini, KS Oils, Triveni, Glaxo, Dr Reddy, GE Shiping & Bajaj Hind.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5416.02 | 5432.68 | 5456.27 |
| Support | 5375.77 | 5352.18 | 5335.52 |
| Sensex | Resistance | 18034.98 | 18092.73 | 18173.26 |
| Support | 17896.70 | 17816.17 | 17758.42 |
SUPPORT / RESISTANCE LEVELS FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Bajaj Auto Finance Ltd. | NSE | 550.10 | 559.27 | 539.47 | 568.43 | 528.83 | 579.07 | 519.67 | | Bajaj Auto Ltd. | NSE | 2413.65 | 2426.35 | 2401.55 | 2439.05 | 2389.45 | 2451.15 | 2376.75 | | Bajaj Electricals Ltd. | NSE | 242.15 | 245.40 | 239.50 | 248.65 | 236.85 | 251.30 | 233.60 | | Bajaj Finserv Ltd. | NSE | 434.35 | 443.90 | 427.90 | 453.45 | 421.45 | 459.90 | 411.90 | | Bajaj Hindustan Ltd. | NSE | 113.00 | 114.97 | 111.57 | 116.93 | 110.13 | 118.37 | 108.17 | | Balrampur Chini Mills Ltd. | NSE | 79.00 | 81.02 | 77.72 | 83.03 | 76.43 | 84.32 | 74.42 | | Bank of Baroda | NSE | 726.70 | 736.20 | 719.75 | 745.70 | 712.80 | 752.65 | 703.30 | | Bank of India | NSE | 407.95 | 412.17 | 401.37 | 416.38 | 394.78 | 422.97 | 390.57 | | Bank of Rajasthan Ltd. | NSE | 177.90 | 178.78 | 176.53 | 179.67 | 175.17 | 181.03 | 174.28 | | Crompton Greaves Ltd. | NSE | 282.35 | 288.82 | 271.07 | 295.28 | 259.78 | 306.57 | 253.32 | | DLF Ltd. | NSE | 323.95 | 326.17 | 320.42 | 328.38 | 316.88 | 331.92 | 314.67 | | GlaxoSmithkline Consumer Healthcare Ltd. | NSE | 1788.65 | 1810.77 | 1770.77 | 1832.88 | 1752.88 | 1850.77 | 1730.77 | | GlaxoSmithKline Pharmaceuticals Ltd. | NSE | 2030.95 | 2040.88 | 2021.13 | 2050.82 | 2011.32 | 2060.63 | 2001.38 | | JSW Energy Ltd. | NSE | 124.65 | 125.62 | 123.97 | 126.58 | 123.28 | 127.27 | 122.32 | | JSW Steel Ltd. | NSE | 1175.40 | 1194.50 | 1140.80 | 1213.60 | 1106.20 | 1248.20 | 1087.10 | | NSE Index | NSE | 5399.35 | 5416.02 | 5375.77 | 5432.68 | 5352.18 | 5456.27 | 5335.52 | | Orchid Chemicals & Pharmaceuticals Ltd. | NSE | 191.00 | 193.67 | 187.17 | 196.33 | 183.33 | 200.17 | 180.67 | | Reliance Capital Ltd. | NSE | 810.50 | 824.33 | 797.33 | 838.17 | 784.17 | 851.33 | 770.33 | | Reliance Communications Ltd. | NSE | 187.95 | 189.53 | 186.83 | 191.12 | 185.72 | 192.23 | 184.13 | | Reliance Industries Ltd. | NSE | 1058.40 | 1062.38 | 1055.03 | 1066.37 | 1051.67 | 1069.73 | 1047.68 | | Reliance Natural Resources Ltd. | NSE | 44.35 | 44.65 | 44.15 | 44.95 | 43.95 | 45.15 | 43.65 | | Reliance Power Ltd. | NSE | 172.30 | 173.28 | 171.43 | 174.27 | 170.57 | 175.13 | 169.58 | | Sintex Industries Ltd. | NSE | 352.40 | 359.23 | 341.23 | 366.07 | 330.07 | 377.23 | 323.23 | | Triveni Engineering & Industries Ltd. | NSE | 97.30 | 99.73 | 95.88 | 102.17 | 94.47 | 103.58 | 92.03 | | Vijaya Bank | NSE | 70.00 | 70.90 | 69.15 | 71.80 | 68.30 | 72.65 | 67.40 | |
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*LTP stands for Last Traded Price as on Wednesday, July 21, 2010 4:04:40 PM |
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#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 |
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The levels given above are with respect to previous closing price on the NSE / BSE. |
 Corporate News Headline |
| • | Oil and Natural Gas Corporation wants to buy BP's stake in an offshore Vietnam gas field, as Hanoi stressed BP must give priority to its partners in the sale of its energy assets. (BS) |
| • | Yes Bank posted a 56% rise in net profit during the April-June quarter, helped by higher credit growth that pushed up interest income for the bank. Net profit for the quarter rose to Rs. 1.56 bn, from Rs. 1.00 bn a year ago. (BS) |
| • | Kotak Mahindra Bank reported a 27% jump in net profit at Rs. 3.28 bn for the quarter ended June 30, 2010. It had a net profit of Rs. 2.57 bn in the April-June quarter of FY10, the bank said in a statement. (BS) |
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| Economic and Political Headline |
| • | The government plans to keep the central good and services tax concessional rate for goods at 6% in 2011/12, Finance minister Pranab Mukherjee said in a speech. (BS) |
| • | Malaysia's inflation rate climbed in June to the highest level in more than a year, an increase that may be augmented as the government cuts fuel and food subsidies. Consumer prices climbed 1.7% from a year earlier after gaining 1.6% in May, the Putrajaya, Malaysia-based statistics department said in a statement. (Bloomberg) |
| • | Federal Reserve Chairman Ben S. Bernanke said central bankers "remain prepared" to act as needed to aid growth even as they get ready to eventually raise interest rates from almost zero and shrink a record balance sheet. While Fed officials plan for the exit, "we also recognize that the economic outlook remains unusually uncertain," Bernanke said in testimony to the Senate Banking Committee. (Bloomberg)
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| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1817.30 | (1.27)% | (2.31)% | | DJIA | 10120.53 | (1.07)% | (2.95)% | | S&P 500 | 1069.59 | (1.28)% | (4.08)% | | • | US stocks fell, ending a two-day rally, after Federal Reserve Chairman Ben S. Bernanke said the economic outlook remains "unusually uncertain" without offering additional measures to stimulate growth. The NASDAQ, Dow Jones and S&P 500 slipped 1.27%, 1.07% and 1.28%, respectively. JPMorgan Chase & Co. and Bank of America Corp. lost more than 2.9% to help lead the Dow Jones Industrial Average lower. Yahoo! Inc. fell 8.5% after sales missed analyst estimates on a drop in search ad revenue. SLM Corp., the largest US student lender, sank 11% after loan originations missed forecasts. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5214.64 | 1.46% | (3.66)% | | CAC 40 | 3493.92 | 0.75% | (11.24)% | | • | UK stocks rose for the first time in six days after better-than-estimated earnings at Apple Inc. boosted ARM Holdings Plc and higher commodity prices caused mining companies to rally. The FTSE 100 added 75.18 points or 1.46% at 5,214.64. ARM, the UK designer of semiconductors used in Apple's iPhone, rose 2.5%. GlaxoSmithKline Plc gained 1.1% after profit excluding restructuring costs and legal expenses beat forecasts. BHP Billiton Ltd. and Rio Tinto Group led gains among raw-materials producers. | |
| Buy / Sell (Jul 21, 2010) |
| | Buy | Sell | Net |
| FII | 2396.89 | 2034.45 | + 362.44 |
| DII | 1106.63 | 1409.31 | - 302.68 |
*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
