Strong & Weak Stocks
This is list of 10 strong stocks
UCO Bank, Tata Comm, Vijaya Bank, Syndicate Bank, Orient Bank, Cummins India, Tata Motors, Tata Chem, Allahabad Bank & IOB.
And this is list of 10 Weak Stocks:
RNRL, Sesa Goa, Suzlon, Punj Lloyd, Rel Infra, RCOM, Aban Off shore, Educomp, ICSA & Cipla.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5435.53 | 5456.92 | 5470.28 |
| Support | 5400.78 | 5387.42 | 5366.03 |
| Sensex | Resistance | 18117.33 | 18185.82 | 18231.48 |
| Support | 18003.18 | 17957.52 | 17889.03 |
SUPPORT/RESISTANCE LEVELS FOR INTRADAY TRADING IN CASH MARKET
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Aban Offshore Ltd. | NSE | 797.05 | 810.37 | 788.37 | 823.68 | 779.68 | 832.37 | 766.37 | | Allahabad Bank | NSE | 215.30 | 219.23 | 212.93 | 223.17 | 210.57 | 225.53 | 206.63 | | Bank of Baroda | NSE | 832.45 | 865.80 | 775.10 | 899.15 | 717.75 | 956.50 | 684.40 | | Bank of India | NSE | 466.40 | 474.40 | 460.40 | 482.40 | 454.40 | 488.40 | 446.40 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1084.75 | 1091.30 | 1075.85 | 1097.85 | 1066.95 | 1106.75 | 1060.40 | | Cipla Ltd. | NSE | 304.40 | 308.48 | 301.83 | 312.57 | 299.27 | 315.13 | 295.18 | | Cummins India Ltd. | NSE | 713.45 | 726.60 | 704.70 | 739.75 | 695.95 | 748.50 | 682.80 | | Educomp Solutions Ltd. | NSE | 561.95 | 581.13 | 548.43 | 600.32 | 534.92 | 613.83 | 515.73 | | ICSA-India Ltd. | NSE | 126.30 | 128.27 | 125.07 | 130.23 | 123.83 | 131.47 | 121.87 | | India Cements Ltd. | NSE | 104.20 | 105.67 | 102.97 | 107.13 | 101.73 | 108.37 | 100.27 | | India Infoline Ltd. | NSE | 106.75 | 110.38 | 100.88 | 114.02 | 95.02 | 119.88 | 91.38 | | Indiabulls Financial Services Ltd. | NSE | 152.55 | 157.28 | 149.93 | 162.02 | 147.32 | 164.63 | 142.58 | | Indiabulls Power Ltd. | NSE | 26.15 | 26.42 | 25.97 | 26.68 | 25.78 | 26.87 | 25.52 | | Indiabulls Real Estate Ltd. | NSE | 198.30 | 202.57 | 194.17 | 206.83 | 190.03 | 210.97 | 185.77 | | Indiabulls Securities Ltd. | NSE | 25.95 | 26.30 | 25.75 | 26.65 | 25.55 | 26.85 | 25.20 | | Indian Bank | NSE | 250.45 | 254.97 | 242.97 | 259.48 | 235.48 | 266.97 | 230.97 | | Indian Hotels Company Ltd. | NSE | 104.25 | 105.37 | 103.42 | 106.48 | 102.58 | 107.32 | 101.47 | | Indian Oil Corporation Ltd. | NSE | 386.55 | 390.93 | 382.08 | 395.32 | 377.62 | 399.78 | 373.23 | | Indian Overseas Bank | NSE | 132.90 | 134.18 | 130.93 | 135.47 | 128.97 | 137.43 | 127.68 | | NSE Index | NSE | 5414.15 | 5435.53 | 5400.78 | 5456.92 | 5387.42 | 5470.28 | 5366.03 | | Oriental Bank of Commerce | NSE | 436.40 | 442.32 | 427.92 | 448.23 | 419.43 | 456.72 | 413.52 | | Punj Lloyd Ltd. | NSE | 114.90 | 116.47 | 113.42 | 118.03 | 111.93 | 119.52 | 110.37 | | Punjab National Bank | NSE | 1188.50 | 1207.12 | 1166.77 | 1225.73 | 1145.03 | 1247.47 | 1126.42 | | Reliance Capital Ltd. | NSE | 746.55 | 755.47 | 739.07 | 764.38 | 731.58 | 771.87 | 722.67 | | Reliance Communications Ltd. | NSE | 166.00 | 167.88 | 163.33 | 169.77 | 160.67 | 172.43 | 158.78 | | Reliance Industries Ltd. | NSE | 970.65 | 980.40 | 965.45 | 990.15 | 960.25 | 995.35 | 950.50 | | Reliance Infrastructure Ltd. | NSE | 1032.75 | 1049.37 | 1022.32 | 1065.98 | 1011.88 | 1076.42 | 995.27 | | Reliance Natural Resources Ltd. | NSE | 37.85 | 38.28 | 37.48 | 38.72 | 37.12 | 39.08 | 36.68 | | Reliance Power Ltd. | NSE | 153.85 | 155.20 | 152.40 | 156.55 | 150.95 | 158.00 | 149.60 | | Sesa Goa Ltd. | NSE | 318.70 | 327.27 | 310.82 | 335.83 | 302.93 | 343.72 | 294.37 | | Suzlon Energy Ltd. | NSE | 51.15 | 52.40 | 50.45 | 53.65 | 49.75 | 54.35 | 48.50 | | Syndicate Bank | NSE | 120.75 | 124.20 | 114.70 | 127.65 | 108.65 | 133.70 | 105.20 | | Tata Chemicals Ltd. | NSE | 387.65 | 390.73 | 384.73 | 393.82 | 381.82 | 396.73 | 378.73 | | Tata Coffee Ltd. | NSE | 488.85 | 498.17 | 473.27 | 507.48 | 457.68 | 523.07 | 448.37 | | Tata Communications Ltd. | NSE | 338.10 | 345.50 | 326.90 | 352.90 | 315.70 | 364.10 | 308.30 | | Tata Consultancy Services Ltd. | NSE | 850.20 | 859.47 | 842.47 | 868.73 | 834.73 | 876.47 | 825.47 | | Tata Elxsi Ltd. | NSE | 249.40 | 254.70 | 246.40 | 260.00 | 243.40 | 263.00 | 238.10 | | Tata Motors Ltd. | NSE | 1006.65 | 1017.63 | 996.83 | 1028.62 | 987.02 | 1038.43 | 976.03 | | Tata Power Company Ltd. | NSE | 1311.15 | 1335.40 | 1271.90 | 1359.65 | 1232.65 | 1398.90 | 1208.40 | | Tata Steel Ltd. | NSE | 513.60 | 521.20 | 508.60 | 528.80 | 503.60 | 533.80 | 496.00 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 24.40 | 24.83 | 24.13 | 25.27 | 23.87 | 25.53 | 23.43 | | UCO Bank | NSE | 113.70 | 116.13 | 109.43 | 118.57 | 105.17 | 122.83 | 102.73 | | Vijaya Bank | NSE | 83.65 | 85.87 | 79.97 | 88.08 | 76.28 | 91.77 | 74.07 | |
*LTP stands for Last Traded Price as on |
|
#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.
|
| |
 |
| Corporate News Headline |
| • | Hindustan Petroleum Corp is looking at buying fuel retail assets of Royal Dutch Shell in Africa, the Indian company's chairman said. (BS) |
| • | Bharti Airtel has announced plans to invest USD 10 mn in its newly acquired telecom network in Seychelles. The company will also participate in the Seychelles East Africa submarine cable project. (BS) |
| • | Mahindra Satyam said it had won a New York court ruling to withhold taxes from a USD 70 mn settlement payment to Britain-based Upaid Systems Ltd. (BS) |
| |
| Economic and Political Headline |
| • | The government said it is likely to dilute its stake in trading firm MMTC through a follow-on offer in the current fiscal. (BS) |
| • | Production in the US rose more than forecast in July, easing concern the industry that led the economy out of the recession is beginning to slow. Production at factories, mines and utilities climbed 1%, figures from the Federal Reserve showed today. Factory output rose 1.1% last month, led in part by auto making. (Bloomberg) |
| • | Wholesale costs in the US increased in July for the first time in four months, signaling slower growth is not resulting in deflation, or a protracted drop in prices that hurts the economy. The producer price index increased 0.2% following a 0.5% drop in June. A measure excluding volatile food and energy costs climbed 0.3%. (Bloomberg) |
| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1845.37 | 1.31% | (0.80)% | | DJIA | 10405.85 | 1.01% | (0.21)% | | S&P 500 | 1092.54 | 1.22% | (2.02)% | | • | US stocks rose, following higher-than-estimated earnings and BHP Billiton Ltd's USD 39 bn bid for Potash Corp. of Saskatchewan Inc. The NASDAQ, Dow Jones and S&P 500 surged 1.31% and 1.01% and 1.22%, respectively. Wal-Mart Stores Inc. climbed 1.2% and Home Depot Inc. jumped 3.4% as both retailers raised their full-year earnings forecasts. Potash led a rally in fertilizer shares, surging 28%, after rejecting the unsolicited takeover offer from BHP. Johnson & Johnson gained 2.1% after Warren Buffett's Berkshire Hathaway Inc. increased its stake in the company. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5350.55 | 1.41% | (1.15)% | | CAC 40 | 3663.13 | 1.82% | (6.94)% | | • | UK stocks climbed for a fourth day to a one-week high as mining companies rose with metal prices and insurers advanced amid takeover activity in the industry. The FTSE 100 added 74.45 points or 1.41% at 5,350.55. Antofagasta Plc and Eurasian Natural Resources Corp. each added more than 3% as copper increased for a second day. Aviva Plc gained 5.1% after a major shareholder said the company should consider higher offers for its general insurance unit. British Airways Plc climbed as strike action was called off at London Heathrow and five other airports.
| |
|
|
Buy Orissa Mineral Development Corporation Ltd BSE Code:590086
for target of Rs 50,000
Equity: 60 lacs (only)
Book Value Rs 12500 per share
EPS: Rs 3000 per share
Free floating in market 15-16%
Goverment of India Company
Total Value of its mines Rs 1-1.25 Lac Crore
Current Year Sales expected at Rs 300 crore and net profit of Rs 170-200 Crore
Current Year EPS Expexted at Rs 3500
PE Ratio of 15 means Share price to touch Rs 50,000 | Buy / Sell (Aug 17, 2010) |
| | Buy | Sell | Net |
| FII | 3143.25 | 2739.16 | + 404.09 |
| DII | 1187.88 | 1588 | -400.12 |
*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
