Strong & Weak Stocks
This is list of 10 strong stocks:
Sintex, Bajaj Auto, Titan, Allahabad Bank, Idea, Bharti Airtel, Aban Off shore, MTNL, Asian Paint & Bank Of India.
And this is list of 10 Weak Stocks:
RNRL, Maruti, EKC, Patni, TV-18, ICSA, Finance Tech, Dr Reddy, FSL & JP Associates.
The daily trend of nifty is in Uptrend
SPOT / CASH LEVELS FOR INTRADAY TRADING
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*LTP stands for Last Traded Price as on Wednesday, July 28, 2010 4:04:01 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-29Jul2010.htm
Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-28-Jul-2010.htm
Corporate News Headline | |
• | Jindal Steel & Power reported a decline of 3.19% in its consolidated net profit at Rs. 9.57 bn for the quarter ended June compared with Rs. 9.88 bn in the corresponding quarter last year. (BS) |
• | Oil and Natural Gas Corp and PetroVietnam are expected to submit a joint formal offer within weeks to buy BP's stake in the Nam Con Son gas project, Oil Secretary S Sundareshan said. (BS) |
• | Aban Offshore has received a major portion of the USD 235 mn insurance claim for its semi-submersible rig. The company had lost its gas exploration rig, Aban Pearl, to the Carribean Sea on May 13. (BS) |
Economic and Political Headline | |
• | Growth in key infrastructure sectors slowed to 3.4% in June. The six infrastructure industries saw its pace slowing down under the impact of a decline in output growth in cement, electricity and coal. Growth in coal and cement production dipped by 0.9% and 3.6%, respectively over 15.2% and 12.7% in June 09-10. Increase in electricity generation came down to 3.4% against 7.7%. Crude oil and petroleum refinery products grew by 6.8% and 2.9% in June compared to 4% and -3.8%, respectively. (BS) |
• | Business investment in the US picked up in the second quarter, June data on durable goods showed. Orders for non-military capital equipment excluding aircraft climbed 0.6% last month after jumping 4.6% in May, figures from the Commerce Department showed. (Bloomberg) |
• | The Federal Reserve said US economic growth slowed in some areas over the past two months, dragged down by the expiration of a tax credit for homebuyers. "Economic activity has continued to increase, since the previous survey," the central bank said in its Beige Book business survey, while noting that two districts said that the pace of expansion slowed. (Bloomberg) |
US and European markets | |||||||||||||||||||||||||||||||||||
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*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