Market Outlook 4th Aug 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Petronet, Allahabad Bank, Bank Of India, Orient Bank, Idea, UCO Bank, Vijaya Bank, Bharti Airtel, HCC & Hind Zinc. 

And this is list of 10 Weak Stocks: 

RNRL, TV-18, Patni, EKC, R Power, Maruti,  RCOM, Finance Tech, FSL & ABB.

The daily trend of nifty is in Uptrend  

• Supp / Resis spot/ cash levels for intraday trading

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5457.03	5474.52	5489.83
		Support	5424.23	5408.92	5391.43
	Sensex	Resistance	18164.06	18213.29	18259.13
		Support	18068.99	18023.15	17973.92

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 201.95 204.18 198.23 206.42 194.52 210.13 192.28 Bank of Baroda NSE 777.95 786.42 763.82 794.88 749.68 809.02 741.22 Bank of India NSE 437.00 440.72 434.47 444.43 431.93 446.97 428.22 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1051.00 1061.33 1045.33 1071.67 1039.67 1077.33 1029.33 Bharti Airtel Ltd. NSE 328.45 333.05 320.60 337.65 312.75 345.50 308.15 Everest Industries Ltd. NSE 260.40 266.88 255.83 273.37 251.27 277.93 244.78 Everest Kanto Cylinder Ltd. NSE 119.85 122.02 118.42 124.18 116.98 125.62 114.82 Firstsource Solutions Ltd. NSE 25.40 25.58 25.28 25.77 25.17 25.88 24.98 Idea Cellular Ltd. NSE 72.65 73.35 71.50 74.05 70.35 75.20 69.65 Maruti Suzuki India Ltd. NSE 1213.20 1221.45 1207.50 1229.70 1201.80 1235.40 1193.55 NSE Index NSE 5439.55 5457.03 5424.23 5474.52 5408.92 5489.83 5391.43 Oriental Bank of Commerce NSE 404.65 413.05 399.70 421.45 394.75 426.40 386.35 Patni Computer Systems Ltd. NSE 466.95 470.52 464.22 474.08 461.48 476.82 457.92 Petronet LNG Ltd. NSE 97.80 100.32 93.67 102.83 89.53 106.97 87.02 Reliance Capital Ltd. NSE 784.35 794.43 776.63 804.52 768.92 812.23 758.83 Reliance Communications Ltd. NSE 173.95 178.27 171.37 182.58 168.78 185.17 164.47 Reliance Industries Ltd. NSE 1027.75 1034.43 1017.53 1041.12 1007.32 1051.33 1000.63 Reliance Natural Resources Ltd. NSE 39.45 40.87 38.67 42.28 37.88 43.07 36.47 Reliance Power Ltd. NSE 158.25 161.57 156.37 164.88 154.48 166.77 151.17 UCO Bank NSE 97.05 97.88 96.13 98.72 95.22 99.63 94.38 Vijaya Bank NSE 74.75 75.53 74.23 76.32 73.72 76.83 72.93

*LTP stands for Last Traded Price as on Tuesday, August 03, 2010 4:04:16 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-04Aug2010.htm

Corporate News Headline
•	Hindalco Industries reported net profit of Rs. 5.34 bn for the first quarter ended June 30, 2010 up 11% from Rs. 4.81 bn in the corresponding quarter ended in the last financial year. Net sales at Rs. 51.78 bn in Q1'11 were up 33% over the same quarter last year, driven by higher volumes, better product/geographic mix and improved realisation. (BS)
•	Ashok Leyland reported 65.98% jump in July commercial vehicle sales at 6,747 units compared to the same month last year. The company had sold 4,065 units in July last year, Ashok Leyland said. (BS)
•	Hindustan Petroleum Corp Ltd will sell jet fuel to Vijay Mallya-run Kingfisher Airlines only against cash as it has failed to provide bank guarantee cover against payment defaults. (BS)
Economic and Political Headline
•	India's exports rose for the eighth straight month in June, growing an annual 30% to USD 17.75 bn, government data on Monday showed. Imports for the month rose 23% to USD 28.3 bn, widening the country's trade deficit to USD 10.55 bn. (BS)
•	Orders placed with US factories declined more than forecast in June, a sign manufacturing will cool in coming months. The 1.2% decrease in bookings followed a revised 1.8% decline in May, figures from the Commerce Department showed in Washington. (Bloomberg)
•	The number of contracts to purchase previously owned houses unexpectedly fell in June, indicating demand kept unraveling after the expiration of a homebuyer tax credit. The index of pending home resales dropped 2.6% from the prior month, figures from the National Association of Realtors showed in Washington. (Bloomberg)

US and European markets

Index Latest 1D Chg YTD Nasdaq 1891.81 (0.38)% 1.69% DJIA 10636.38 (0.36)% 2.00% S&P 500 1120.46 (0.48)% 0.48% • US stocks fell, pulling the Standard & Poor's 500 Index down from a 10-week high, as weaker- than-estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery. The NASDAQ, Dow Jones and S&P 500 slipped 0.38%, 0.36% and 0.48%, respectively. Procter & Gamble Co slid 3.4% and Dow Chemical Co dropped 10% after earnings trailed estimates. Losses were limited as Pfizer Inc. rose 5.6% to lead a rally in health companies after earnings beat estimates, and energy shares gained as oil topped USD 82 a barrel. Index Latest 1D Chg YTD FTSE 100 5396.48 (0.01)% (0.30)% CAC 40 3747.51 (0.12)% (4.80)% • UK stocks were little changed, with the FTSE 100 Index near the highest level in 11 weeks, as declines by ITV Plc and Investec Plc were offset by gains in GlaxoSmithKline Plc and British American Tobacco Plc. The FTSE 100 slipped 0.63 points or 0.01% at 5,396.48. Investec retreated 5.6%, leading declines on the benchmark FTSE 100, after selling new shares. ITV fell 3.6% after saying the outlook is uncertain for Britain's biggest terrestrial commercial broadcaster. HSBC Holdings Plc lost 1.8% as Royal Bank of Scotland Group Plc downgraded its stance on the shares.

Buy / Sell (Aug 03, 2010) BuySellNetDII948.171100.69- 152.52FII3047.362439.94+ 607.42

*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