Strong & Weak Stocks
This is list of 10 strong stocks:
Ruchi Soya, Cummins India, BPCL, Hind Petrol, UCO Bank, KFA, Tata Chem, Indian Oil, Tata Motors & Videocon
And this is list of 10 Weak Stocks:
Suzlon, Hexaware Ltd, Patni, Punj Llyod, Orbit Corp, Chennai Petro, Tech Mahindra, Patel Eng, EKC & HDIL.
The daily trend of nifty is in Downtrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5427.90 | 5453.40 | 5492.90 |
| Support | 5362.90 | 5323.40 | 5297.90 |
| Sensex | Resistance | 18051.19 | 18131.26 | 18246.86 |
| Support | 17855.52 | 17739.92 | 17659.85 |
SUPPORT/RESISTANCE LEVELS IN CASH / SPOT MARKET FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Bank of Baroda | NSE | 804.95 | 820.57 | 790.67 | 836.18 | 776.38 | 850.47 | 760.77 | | Bank of India | NSE | 442.35 | 448.28 | 436.83 | 454.22 | 431.32 | 459.73 | 425.38 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1077.00 | 1086.33 | 1065.33 | 1095.67 | 1053.67 | 1107.33 | 1044.33 | | Bharat Electronics Ltd. | NSE | 1660.30 | 1758.87 | 1601.87 | 1857.43 | 1543.43 | 1915.87 | 1444.87 | | Bharat Forge Ltd. | NSE | 349.80 | 352.97 | 345.82 | 356.13 | 341.83 | 360.12 | 338.67 | | Bharat Heavy Electricals Ltd. | NSE | 2406.60 | 2433.42 | 2386.37 | 2460.23 | 2366.13 | 2480.47 | 2339.32 | | Bharat Petroleum Corporation Ltd. | NSE | 761.25 | 778.00 | 743.30 | 794.75 | 725.35 | 812.70 | 708.60 | | Bharti Airtel Ltd. | NSE | 327.35 | 332.02 | 318.97 | 336.68 | 310.58 | 345.07 | 305.92 | | Chennai Petroleum Corporation Ltd. | NSE | 237.45 | 243.07 | 233.42 | 248.68 | 229.38 | 252.72 | 223.77 | | Cummins India Ltd. | NSE | 737.50 | 745.50 | 724.00 | 753.50 | 710.50 | 767.00 | 702.50 | | Eveready Industries India Ltd. | NSE | 72.60 | 73.63 | 71.43 | 74.67 | 70.27 | 75.83 | 69.23 | | Everest Industries Ltd. | NSE | 259.90 | 264.90 | 256.45 | 269.90 | 253.00 | 273.35 | 248.00 | | Everest Kanto Cylinder Ltd. | NSE | 108.20 | 109.60 | 106.95 | 111.00 | 105.70 | 112.25 | 104.30 | | Everonn Education Ltd. | NSE | 569.35 | 586.08 | 544.53 | 602.82 | 519.72 | 627.63 | 502.98 | | Hexaware Technologies Ltd. | NSE | 67.50 | 69.05 | 66.50 | 70.60 | 65.50 | 71.60 | 63.95 | | Hindalco Industries Ltd. | NSE | 166.40 | 168.15 | 163.50 | 169.90 | 160.60 | 172.80 | 158.85 | | Hindustan Construction Company Ltd. | NSE | 56.30 | 57.80 | 54.75 | 59.30 | 53.20 | 60.85 | 51.70 | | Hindustan Motors Ltd. | NSE | 24.20 | 24.63 | 23.88 | 25.07 | 23.57 | 25.38 | 23.13 | | Hindustan Oil Exploration Company Ltd. | NSE | 230.95 | 234.90 | 226.25 | 238.85 | 221.55 | 243.55 | 217.60 | | Hindustan Petroleum Corporation Ltd. | NSE | 525.85 | 536.07 | 516.97 | 546.28 | 508.08 | 555.17 | 497.87 | | Hindustan Unilever Ltd. | NSE | 264.50 | 265.45 | 263.10 | 266.40 | 261.70 | 267.80 | 260.75 | | Hindustan Zinc Ltd. | NSE | 1046.35 | 1066.70 | 1024.30 | 1087.05 | 1002.25 | 1109.10 | 981.90 | | India Cements Ltd. | NSE | 107.00 | 108.33 | 105.73 | 109.67 | 104.47 | 110.93 | 103.13 | | India Infoline Ltd. | NSE | 93.25 | 94.50 | 91.50 | 95.75 | 89.75 | 97.50 | 88.50 | | Indiabulls Financial Services Ltd. | NSE | 139.60 | 141.27 | 137.17 | 142.93 | 134.73 | 145.37 | 133.07 | | Indiabulls Power Ltd. | NSE | 26.05 | 26.27 | 25.92 | 26.48 | 25.78 | 26.62 | 25.57 | | Indiabulls Real Estate Ltd. | NSE | 167.35 | 170.63 | 164.33 | 173.92 | 161.32 | 176.93 | 158.03 | | Indiabulls Securities Ltd. | NSE | 24.05 | 24.52 | 23.77 | 24.98 | 23.48 | 25.27 | 23.02 | | Indian Bank | NSE | 248.45 | 251.73 | 244.93 | 255.02 | 241.42 | 258.53 | 238.13 | | Indian Hotels Company Ltd. | NSE | 102.90 | 106.37 | 100.77 | 109.83 | 98.63 | 111.97 | 95.17 | | Indian Oil Corporation Ltd. | NSE | 411.15 | 415.35 | 406.50 | 419.55 | 401.85 | 424.20 | 397.65 | | Indian Overseas Bank | NSE | 124.70 | 127.37 | 121.67 | 130.03 | 118.63 | 133.07 | 115.97 | | Kingfisher Airlines Ltd. | NSE | 59.35 | 61.78 | 57.63 | 64.22 | 55.92 | 65.93 | 53.48 | | NSE Index | NSE | 5402.40 | 5427.90 | 5362.90 | 5453.40 | 5323.40 | 5492.90 | 5297.90 | | Patel Engineering Ltd. | NSE | 364.55 | 368.27 | 360.47 | 371.98 | 356.38 | 376.07 | 352.67 | | Patni Computer Systems Ltd. | NSE | 453.55 | 461.03 | 448.03 | 468.52 | 442.52 | 474.03 | 435.03 | | Punj Lloyd Ltd. | NSE | 105.40 | 107.73 | 103.83 | 110.07 | 102.27 | 111.63 | 99.93 | | Punjab National Bank | NSE | 1180.25 | 1188.88 | 1170.58 | 1197.52 | 1160.92 | 1207.18 | 1152.28 | | Ruchi Soya Industries Ltd. | NSE | 128.25 | 129.43 | 127.23 | 130.62 | 126.22 | 131.63 | 125.03 | | Suzlon Energy Ltd. | NSE | 46.25 | 46.65 | 45.85 | 47.05 | 45.45 | 47.45 | 45.05 | | Tata Coffee Ltd. | NSE | 481.85 | 489.38 | 474.93 | 496.92 | 468.02 | 503.83 | 460.48 | | Tata Communications Ltd. | NSE | 333.00 | 338.48 | 326.38 | 343.97 | 319.77 | 350.58 | 314.28 | | Tata Consultancy Services Ltd. | NSE | 843.75 | 850.90 | 833.40 | 858.05 | 823.05 | 868.40 | 815.90 | | Tata Motors Ltd. | NSE | 1010.35 | 1023.05 | 989.50 | 1035.75 | 968.65 | 1056.60 | 955.95 | | Tata Power Company Ltd. | NSE | 1222.40 | 1232.20 | 1213.30 | 1242.00 | 1204.20 | 1251.10 | 1194.40 | | Tata Steel Ltd. | NSE | 522.70 | 528.38 | 516.28 | 534.07 | 509.87 | 540.48 | 504.18 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 22.40 | 22.87 | 21.97 | 23.33 | 21.53 | 23.77 | 21.07 | | Tech Mahindra Ltd. | NSE | 638.25 | 647.87 | 631.77 | 657.48 | 625.28 | 663.97 | 615.67 | | UCO Bank | NSE | 111.40 | 112.58 | 109.88 | 113.77 | 108.37 | 115.28 | 107.18 | | Videocon Industries Ltd. | NSE | 256.50 | 261.93 | 252.28 | 267.37 | 248.07 | 271.58 | 242.63 | |
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*LTP stands for Last Traded Price as on Tuesday, August 31, 2010 4:04:34 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 / BSE.
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 Corporate News Headline |
| • | Sun Pharmaceutical received a warning letter from the United States Food and Drug Administration after its New Jersey manufacturing plant was inspected. (BS) |
| • | National Aluminium Co. Ltd said it wants to buy stakes in Indonesian coal mines to secure supplies for its aluminium project in East Kalimantan at Borneo island. (BS) |
| • | Tata Communications signed a two-year deal with the mobile services operator group, Axiata from Malaysia to build and manage an internet protocol based network in select markets in Asia Pacific. (BS) |
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| Economic and Political Headline |
| • | The country's economy grew at its fastest clip in nearly three years in the quarter through June on strong manufacturing growth and farm output. The 8.8% expansion compares with an 8.6% expansion in the previous quarter. Annual car sales in India rose 38% in July. June quarter manufacturing output jumped 12.4% on year compared with an annual rise of 3.4% in the year ago period. Its farm sector expanded 2.8% and is expected to see robust growth on good monsoon rains, which is likely to further boost consumer demand by lifting rural income. (BS) |
| • | Confidence among US consumers rose more than forecast in August. The Conference Board's confidence index increased to 53.5 from a five-month low of 51 in July, figures from the group showed. (Bloomberg) |
| • | European inflation slowed this month and unemployment held at the highest in almost 12 years in July as companies continued to cut costs to help shore up earnings. Euro-area consumer prices rose 1.6% from a year earlier after increasing 1.7% in July, the statistics office said. The jobless rate held at 10% for a fifth month. (Bloomberg) |
| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1767.43 | (0.26)% | (4.99)% | | DJIA | 10014.72 | 0.05% | (3.96)% | | S&P 500 | 1049.33 | 0.04% | (5.90)% | | • | US stocks rose as regulators approved a Chinese investment in Morgan Stanley and gains in home prices and consumer confidence tempered concern the economy is faltering. The NASDAQ dropped 0.26%, while Dow Jones and S&P 500 added 0.05% and 0.04%, respectively. Morgan Stanley jumped 1.1% as the Federal Reserve approved China Investment Corp.'s plan to buy as much as 10% of the company. AT&T Inc., JPMorgan Chase & Co. and Merck & Co. gained at least 1.2% to lead the Dow Jones higher. Benchmark indexes recovered after an afternoon slump triggered when the Fed signaled it doesn't plan large-scale asset purchases to bolster the economy. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5225.22 | 0.45% | (3.47)% | | CAC 40 | 3490.79 | 0.11% | (11.32)% | | • | UK stocks rose for a third day after greater-than-forecast US consumer confidence sparked a rebound in mining companies and ARM Holdings Plc surged to the highest level in more than eight years. The FTSE 100 added 23.66 points or 0.45% at 5,225.22. Fresnillo Plc and Randgold Resources Ltd. jumped more than 2% as gold futures rose in New York. ARM rallied 8.6%, boosted by Intel Corp.'s purchase of Infineon Technologies AG's wireless operations yesterday. | |
| Buy / Sell (Aug 31, 2010) | | | Buy | Sell | Net | | FII | 3120.17 | 2832.29 | +287.88 | | DII | 1199.03 | 1794.36 |
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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.
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Arvind Parekh
+ 91 98432 32381
