Market Outlook 30th July 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Petronet, Allahabad Bank, Sintex, Bajaj Auto, Titan, UCO Bank, Bank Of India, Idea, Mcdowell-N & Orient Bank. 

And this is list of 10 Weak Stocks: 

RNRL, EKC, Maruti, Patni, Finance Tech, TV-18, FSL, GT Offshore, JP Associates & Polaris.

The daily trend of nifty is in Uptrend 

• Supp / Resis SPOT/ CASH LEVELS FOR INTRADAY TRADING

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5422.65	5436.40	5456.95
		Support	5388.35	5367.80	5354.05
	Sensex	Resistance	18035.79	18079.57	18146.05
		Support	17925.53	17859.05	17815.27

SPOT / CASH LEVELS FOR INTRADAY TRADING

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Allahabad Bank NSE 194.55 197.47 190.07 200.38 185.58 204.87 182.67 Bajaj Auto Finance Ltd. NSE 563.90 572.90 550.00 581.90 536.10 595.80 527.10 Bajaj Auto Ltd. NSE 2695.85 2744.75 2637.05 2793.65 2578.25 2852.45 2529.35 Bajaj Electricals Ltd. NSE 252.50 257.00 249.00 261.50 245.50 265.00 241.00 Bajaj Hindustan Ltd. NSE 114.25 114.97 113.27 115.68 112.28 116.67 111.57 Bank of Baroda NSE 734.20 745.10 717.70 756.00 701.20 772.50 690.30 Bank of India NSE 411.00 414.73 405.63 418.47 400.27 423.83 396.53 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1018.00 1022.33 1009.33 1026.67 1000.67 1035.33 996.33 Eveready Industries India Ltd. NSE 73.75 74.57 72.57 75.38 71.38 76.57 70.57 Everest Industries Ltd. NSE 233.20 237.73 229.43 242.27 225.67 246.03 221.13 Everest Kanto Cylinder Ltd. NSE 115.95 119.38 113.88 122.82 111.82 124.88 108.38 Everonn Education Ltd. NSE 524.25 537.17 516.17 550.08 508.08 558.17 495.17 Firstsource Solutions Ltd. NSE 25.10 25.75 24.70 26.40 24.30 26.80 23.65 Great Eastern Shipping Company Ltd. NSE 284.75 288.23 280.63 291.72 276.52 295.83 273.03 Great Offshore Ltd. NSE 408.00 419.53 400.73 431.07 393.47 438.33 381.93 Idea Cellular Ltd. NSE 68.65 69.92 67.12 71.18 65.58 72.72 64.32 Jaypee Infratech Ltd. NSE 84.15 85.10 83.60 86.05 83.05 86.60 82.10 Maruti Suzuki India Ltd. NSE 1197.75 1211.43 1187.08 1225.12 1176.42 1235.78 1162.73 McDowell Holdings Ltd. NSE 150.45 159.33 132.68 168.22 114.92 185.98 106.03 NSE Index NSE 5408.90 5422.65 5388.35 5436.40 5367.80 5456.95 5354.05 Oriental Bank of Commerce NSE 378.15 390.57 361.42 402.98 344.68 419.72 332.27 Patni Computer Systems Ltd. NSE 469.75 478.50 459.50 487.25 449.25 497.50 440.50 Petronet LNG Ltd. NSE 94.90 98.88 88.03 102.87 81.17 109.73 77.18 Polaris Software Lab Ltd. NSE 175.35 179.20 173.00 183.05 170.65 185.40 166.80 Reliance Capital Ltd. NSE 782.60 789.63 777.93 796.67 773.27 801.33 766.23 Reliance Communications Ltd. NSE 181.75 185.77 179.42 189.78 177.08 192.12 173.07 Reliance Industries Ltd. NSE 1010.15 1023.10 1002.60 1036.05 995.05 1043.60 982.10 Reliance Power Ltd. NSE 168.50 170.90 166.95 173.30 165.40 174.85 163.00 Sintex Industries Ltd. NSE 376.85 384.17 369.02 391.48 361.18 399.32 353.87 Titan Industries Ltd. NSE 2812.55 2839.43 2794.13 2866.32 2775.72 2884.73 2748.83 UCO Bank NSE 92.25 93.68 89.98 95.12 87.72 97.38 86.28

*LTP stands for Last Traded Price as on Thursday, July 29, 2010 4:04:59 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-30Jul2010.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)

Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-29-Jul-2010.htm

US and European markets
Index Latest 1D Chg YTD Nasdaq 1872.62 (0.86)% 0.66% DJIA 10497.88 (0.38)% 0.67% S&P 500 1106.13 (0.69)% (0.80)% • US stocks fell, sending the Standard & Poor's 500 Index lower for a second day, after orders for durable goods unexpectedly decreased and the Federal Reserve said economic growth slowed in some areas. The NASDAQ, Dow Jones and S&P 500 fell 0.86%, 0.38% and 0.69%, respectively. Boeing Co. fell 1.9%, while WellPoint Inc. slumped 3.7% as second-quarter sales missed analysts' estimates. Eastman Kodak Co. tumbled 15% after reporting a wider- than-projected second-quarter loss. Index Latest 1D Chg YTD FTSE 100 5319.68 (0.86)% (1.72)% CAC 40 3670.36 0.11% (6.76)% • UK stocks declined the most in more than a week after results at Rexam Plc and Yell Group Plc disappointed investors and orders for US durable goods unexpectedly decreased. The FTSE 100 slipped 45.99 points or 0.86% at 5,319.68. Invensys Plc led falling shares on the benchmark FTSE 100 Index after the engineering company announced a provision on its rail business. Rexam, the world's biggest beverage-can maker, slid 3.7% after sales fell in the first half. Yell Group tumbled 19%.
Buy / Sell (Jul 29, 2010)
	Buy					Sell	Net
FII	3498.33					2919.48	+ 578.85
DII	1430.14					2350.49	- 920.35

*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