Strong & Weak Stocks
This is list of 10 strong stocks:
KFA, Petronet, BPCL, Bhushan Steel, Hind Petro, UCO Bank, Tata Comm, Tata Chem, Vijaya Bank & Syndicate Bank.
And this is list of 10 Weak stocks:
RNRL, Sesa Goa, RCOM, Punj Lloyd, Rel Infra, National Alum, Nagar Const, ICSA, R Power & GT Offshore.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5547.05 | 5563.45 | 5580.30 |
| Support | 5513.80 | 5496.95 | 5480.55 |
| Sensex | Resistance | 18457.01 | 18512.19 | 18560.25 |
| Support | 18353.77 | 18305.71 | 18250.53 |
PETRONET for 2 days. SL at 111.50. Target at 122.30.
SUPPORT / RESISTANCE IN SPOT/ CASH LEVELS FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Bank of Baroda | NSE | 831.70 | 839.47 | 824.47 | 847.23 | 817.23 | 854.47 | 809.47 | | Bank of India | NSE | 463.50 | 467.83 | 457.23 | 472.17 | 450.97 | 478.43 | 446.63 | | Bank of Rajasthan Ltd. | NSE | 212.60 | 215.43 | 208.28 | 218.27 | 203.97 | 222.58 | 201.13 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1118.28 | 1126.52 | 1103.52 | 1134.76 | 1088.76 | 1149.52 | 1080.52 | | Bharat Electronics Ltd. | NSE | 1731.40 | 1768.57 | 1709.62 | 1805.73 | 1687.83 | 1827.52 | 1650.67 | | Bharat Forge Ltd. | NSE | 353.00 | 356.33 | 348.13 | 359.67 | 343.27 | 364.53 | 339.93 | | Bharat Heavy Electricals Ltd. | NSE | 2509.80 | 2536.53 | 2466.53 | 2563.27 | 2423.27 | 2606.53 | 2396.53 | | Bharat Petroleum Corporation Ltd. | NSE | 776.05 | 805.00 | 723.60 | 833.95 | 671.15 | 886.40 | 642.20 | | Bharti Airtel Ltd. | NSE | 317.35 | 321.50 | 311.90 | 325.65 | 306.45 | 331.10 | 302.30 | | Bhushan Steel Ltd. | NSE | 1865.50 | 1893.50 | 1829.00 | 1921.50 | 1792.50 | 1958.00 | 1764.50 | | Great Offshore Ltd. | NSE | 398.10 | 404.10 | 393.60 | 410.10 | 389.10 | 414.60 | 383.10 | | Hindalco Industries Ltd. | NSE | 175.55 | 178.40 | 173.25 | 181.25 | 170.95 | 183.55 | 168.10 | | Hindustan Construction Company Ltd. | NSE | 65.30 | 66.93 | 62.83 | 68.57 | 60.37 | 71.03 | 58.73 | | Hindustan Motors Ltd. | NSE | 26.45 | 26.98 | 26.08 | 27.52 | 25.72 | 27.88 | 25.18 | | Hindustan Oil Exploration Company Ltd. | NSE | 262.50 | 270.20 | 249.50 | 277.90 | 236.50 | 290.90 | 228.80 | | Hindustan Petroleum Corporation Ltd. | NSE | 537.80 | 551.55 | 517.80 | 565.30 | 497.80 | 585.30 | 484.05 | | Hindustan Unilever Ltd. | NSE | 268.85 | 270.87 | 266.82 | 272.88 | 264.78 | 274.92 | 262.77 | | Hindustan Zinc Ltd. | NSE | 1125.80 | 1136.48 | 1110.83 | 1147.17 | 1095.87 | 1162.13 | 1085.18 | | ICSA-India Ltd. | NSE | 126.90 | 128.52 | 125.67 | 130.13 | 124.43 | 131.37 | 122.82 | | Kingfisher Airlines Ltd. | NSE | 63.60 | 64.68 | 61.83 | 65.77 | 60.07 | 67.53 | 58.98 | | Nagarjuna Construction Co. Ltd. | NSE | 162.95 | 166.23 | 159.93 | 169.52 | 156.92 | 172.53 | 153.63 | | Nagarjuna Fertilisers & Chemicals Ltd. | NSE | 31.80 | 32.13 | 31.43 | 32.47 | 31.07 | 32.83 | 30.73 | | National Aluminium Company Ltd. | NSE | 402.45 | 407.33 | 398.78 | 412.22 | 395.12 | 415.88 | 390.23 | | National Fertilisers Ltd. | NSE | 118.55 | 119.45 | 117.60 | 120.35 | 116.65 | 121.30 | 115.75 | | NSE Index | NSE | 5543.50 | 5555.73 | 5525.33 | 5567.97 | 5507.17 | 5586.13 | 5494.93 | | Petronet LNG Ltd. | NSE | 114.90 | 119.73 | 109.83 | 124.57 | 104.77 | 129.63 | 99.93 | | Punj Lloyd Ltd. | NSE | 115.70 | 116.55 | 115.05 | 117.40 | 114.40 | 118.05 | 113.55 | | Punjab National Bank | NSE | 1200.75 | 1213.50 | 1184.50 | 1226.25 | 1168.25 | 1242.50 | 1155.50 | | Reliance Capital Ltd. | NSE | 788.70 | 795.47 | 779.47 | 802.23 | 770.23 | 811.47 | 763.47 | | Reliance Communications Ltd. | NSE | 164.00 | 165.30 | 162.80 | 166.60 | 161.60 | 167.80 | 160.30 | | Reliance Industrial InfraStructure Ltd. | NSE | 901.05 | 912.57 | 893.77 | 924.08 | 886.48 | 931.37 | 874.97 | | Reliance Industries Ltd. | NSE | 976.90 | 987.43 | 970.98 | 997.97 | 965.07 | 1003.88 | 954.53 | | Reliance Infrastructure Ltd. | NSE | 1045.15 | 1069.52 | 1031.17 | 1093.88 | 1017.18 | 1107.87 | 992.82 | | Reliance Media Works Ltd. | NSE | 211.55 | 215.33 | 207.68 | 219.12 | 203.82 | 222.98 | 200.03 | | Reliance Natural Resources Ltd. | NSE | 38.25 | 38.55 | 37.90 | 38.85 | 37.55 | 39.20 | 37.25 | | Reliance Power Ltd. | NSE | 154.40 | 155.57 | 153.37 | 156.73 | 152.33 | 157.77 | 151.17 | | Sesa Goa Ltd. | NSE | 327.45 | 331.47 | 324.72 | 335.48 | 321.98 | 338.22 | 317.97 | | Syndicate Bank | NSE | 119.50 | 121.33 | 116.68 | 123.17 | 113.87 | 125.98 | 112.03 | | Tata Chemicals Ltd. | NSE | 405.30 | 410.80 | 396.40 | 416.30 | 387.50 | 425.20 | 382.00 | | Tata Coffee Ltd. | NSE | 525.35 | 541.87 | 497.97 | 558.38 | 470.58 | 585.77 | 454.07 | | Tata Communications Ltd. | NSE | 339.65 | 346.02 | 335.27 | 352.38 | 330.88 | 356.77 | 324.52 | | Tata Elxsi Ltd. | NSE | 249.20 | 252.73 | 247.33 | 256.27 | 245.47 | 258.13 | 241.93 | | Tata Motors Ltd. | NSE | 1015.35 | 1025.70 | 1005.50 | 1036.05 | 995.65 | 1045.90 | 985.30 | | Tata Power Company Ltd. | NSE | 1289.35 | 1305.17 | 1276.27 | 1320.98 | 1263.18 | 1334.07 | 1247.37 | | Tata Steel Ltd. | NSE | 521.55 | 525.68 | 518.53 | 529.82 | 515.52 | 532.83 | 511.38 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 24.90 | 25.35 | 24.10 | 25.80 | 23.30 | 26.60 | 22.85 | | UCO Bank | NSE | 113.05 | 114.42 | 111.47 | 115.78 | 109.88 | 117.37 | 108.52 | | Vijaya Bank | NSE | 83.75 | 84.67 | 82.92 | 85.58 | 82.08 | 86.42 | 81.17 | |
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*LTP stands for Last Traded Price as on Monday, August 23, 2010 4:04:24 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 / |
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| Corporate News Headline |
| • | ONGC, OIL and GAIL may make a joint bid to counter Vedanta Resources' USD 8.48 bn offer for majority stake in Cairn India, and have already got USD 10 bn in loan commitments from international banks for the move. (BS) |
| • | SAIL commissioned a unit procured from Italy-based Danieli at its Rourkela Steel Plant. SAIL Chairman C S Verma today inaugurated the second Ladle Furnace of Steel Melting Shop-II of Rourkela Steel Plant, the company said in a statement. (BS) |
| • | Larsen and Toubro bagged two projects worth Rs. 11.95 bn from ONGC to set up additional processing units in its gas processing complexes at Hazira and Uran. (BS) |
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| Economic and Political Headline |
| • | The government extended sops worth Rs. 10.52 bn to exporters, particularly for the labour-intensive textile, handicrafts and leather sectors, to help them see through the fragile economic recovery globally. "We are not yet out of the woods," Commerce and Industry Minister Anand Sharma said while extending the schemes like DEPB, under which taxes are reimbursed to exporters. (BS) |
| • | Growth in Europe's services and manufacturing industries weakened more than economists forecast in August, signaling the pace of the recovery has peaked. A composite index based on a survey of euro-area purchasing managers in both industries declined to 56.1 from 56.7 in July, London-based Markit Economics said. (Bloomberg) |
| • | The Bank of Israel left its benchmark interest rate unchanged after inflation dropped below the midpoint of the target rate, even as the economy continued to strengthen. Governor Stanley Fischer left the rate at 1.75%, the Jerusalem-based central bank said. (Bloomberg) |
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| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1808.31 | (0.96)% | (2.80)% | | DJIA | 10174.41 | (0.38)% | (2.43)% | | S&P 500 | 1067.36 | (0.40)% | (4.28)% | | • | US stocks fell for a third day, sending the Standard & Poor's 500 Index to a five-week low, as concern the economy may return to recession overshadowed speculation takeovers will continue to accelerate. The NASDAQ, Dow Jones and S&P 500 slipped 0.96%, 0.38% and 0.40%, respectively. Caterpillar Inc. and Cisco Systems Inc. lost at least 2.5% to lead the Dow Jones Industrial Average lower. Hewlett- Packard Co. lost 2% after offering to buy 3Par Inc., sending the data-center software company's shares up 45%. Potash Corp. of Saskatchewan Inc. climbed for a sixth day on speculation the fertilizer maker will get a higher takeover bid. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5234.84 | 0.76% | (3.29)% | | CAC 40 | 3553.23 | 0.77% | (9.73)% | | • | UK stocks rose, sending the FTSE 100 Index to its first gain in four days, as Old Mutual Plc said it may sell a controlling stake in its Nedbank Group Ltd. unit to HSBC Holdings Plc. The FTSE 100 rose 39.56 points or 0.76% at 5,234.84. Old Mutual Plc climbed 3.2% after saying it may sell up to 70% of Nedbank. Insurers Aviva Plc and Prudential Plc both rose more than 2%. Petrofac Ltd. advanced 3.5% to a record high after reporting earnings that topped estimates. | |
Buy / Sell (Aug 23, 2010) BuySellNetFII2411.852093.62+ 318.23DII1248.561409.34- 159.78
*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
