Strong & Weak Stocks
This is list of 10 strong stocks:
Ruchi Soya, KFA, BPCL, Tata Comm, Mcdowell-N, Dish TV, UCO Bank, Indian Oil, Hind Petro & TV-18.
And this is list of 10 Weak Stocks: Suzlon,
Hexaware Ltd, EKC, Chennai Petro, JP Associates, Tech Mahindra, KS Oils, Orbit Corp, Patel Eng & Hero Honda.
The daily trend of nifty is in Downtrend
Market is taking a counter rally but as the overall trend is still down, so it is advisable that the readers may not create long positions in Nifty and stay away from the market till it does not come in upttrend.
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5499.28 | 5526.72 | 5574.83 |
| Support | 5423.73 | 5375.62 | 5348.18 |
| Sensex | Resistance | 18279.63 | 18353.40 | 18479.65 |
| Support | 18079.61 | 17953.36 | 17879.59 |
SUPPORT/ RESISTANCE LEVELS FOR SPOT/ CASH LEVELS (INTRADAY TRADING)
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Bank of Baroda | NSE | 818.55 | 824.93 | 807.23 | 831.32 | 795.92 | 842.63 | 789.53 | | Bank of India | NSE | 451.60 | 455.02 | 445.77 | 458.43 | 439.93 | 464.27 | 436.52 | | Bank of Maharashtra | NSE | 68.50 | 69.25 | 67.70 | 70.00 | 66.90 | 70.80 | 66.15 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1084.00 | 1094.67 | 1076.67 | 1105.33 | 1069.33 | 1112.67 | 1058.67 | | Bharat Electronics Ltd. | NSE | 1695.35 | 1715.20 | 1668.30 | 1735.05 | 1641.25 | 1762.10 | 1621.40 | | Bharat Forge Ltd. | NSE | 356.10 | 359.13 | 351.53 | 362.17 | 346.97 | 366.73 | 343.93 | | Bharat Heavy Electricals Ltd. | NSE | 2420.60 | 2432.70 | 2405.75 | 2444.80 | 2390.90 | 2459.65 | 2378.80 | | Bharat Petroleum Corporation Ltd. | NSE | 778.70 | 788.73 | 765.83 | 798.77 | 752.97 | 811.63 | 742.93 | | Bharti Airtel Ltd. | NSE | 337.65 | 342.03 | 331.03 | 346.42 | 324.42 | 353.03 | 320.03 | | Chennai Petroleum Corporation Ltd. | NSE | 241.35 | 245.40 | 234.90 | 249.45 | 228.45 | 255.90 | 224.40 | | Dish TV India Ltd. | NSE | 53.80 | 55.10 | 51.50 | 56.40 | 49.20 | 58.70 | 47.90 | | Eveready Industries India Ltd. | NSE | 73.30 | 74.15 | 72.55 | 75.00 | 71.80 | 75.75 | 70.95 | | Everest Industries Ltd. | NSE | 263.65 | 266.67 | 260.87 | 269.68 | 258.08 | 272.47 | 255.07 | | Everest Kanto Cylinder Ltd. | NSE | 108.10 | 109.48 | 106.93 | 110.87 | 105.77 | 112.03 | 104.38 | | Everonn Education Ltd. | NSE | 576.95 | 586.60 | 566.70 | 596.25 | 556.45 | 606.50 | 546.80 | | Hero Honda Motors Ltd. | NSE | 1764.80 | 1802.83 | 1733.38 | 1840.87 | 1701.97 | 1872.28 | 1663.93 | | Hindalco Industries Ltd. | NSE | 174.25 | 177.23 | 168.88 | 180.22 | 163.52 | 185.58 | 160.53 | | Hindustan Construction Company Ltd. | NSE | 59.85 | 61.17 | 57.57 | 62.48 | 55.28 | 64.77 | 53.97 | | Hindustan Motors Ltd. | NSE | 24.60 | 24.80 | 24.35 | 25.00 | 24.10 | 25.25 | 23.90 | | Hindustan Oil Exploration Company Ltd. | NSE | 235.65 | 238.43 | 231.93 | 241.22 | 228.22 | 244.93 | 225.43 | | Hindustan Petroleum Corporation Ltd. | NSE | 534.40 | 540.70 | 527.20 | 547.00 | 520.00 | 554.20 | 513.70 | | Hindustan Unilever Ltd. | NSE | 266.55 | 267.93 | 264.58 | 269.32 | 262.62 | 271.28 | 261.23 | | Hindustan Zinc Ltd. | NSE | 1114.95 | 1143.45 | 1070.00 | 1171.95 | 1025.05 | 1216.90 | 996.55 | | Indian Bank | NSE | 249.30 | 252.20 | 247.10 | 255.10 | 244.90 | 257.30 | 242.00 | | Indian Hotels Company Ltd. | NSE | 104.40 | 105.10 | 103.60 | 105.80 | 102.80 | 106.60 | 102.10 | | Indian Oil Corporation Ltd. | NSE | 423.95 | 430.88 | 414.13 | 437.82 | 404.32 | 447.63 | 397.38 | | Indian Overseas Bank | NSE | 125.45 | 126.73 | 124.23 | 128.02 | 123.02 | 129.23 | 121.73 | | Kinetic Motor Company Ltd. | NSE | 20.10 | 21.02 | 18.97 | 21.93 | 17.83 | 23.07 | 16.92 | | Kingfisher Airlines Ltd. | NSE | 62.35 | 63.45 | 60.55 | 64.55 | 58.75 | 66.35 | 57.65 | | McDowell Holdings Ltd. | NSE | 144.45 | 146.93 | 139.48 | 149.42 | 134.52 | 154.38 | 132.03 | | NSE Index | NSE | 5471.85 | 5499.28 | 5423.73 | 5526.72 | 5375.62 | 5574.83 | 5348.18 | | Orbit Corporation Ltd. | NSE | 122.40 | 124.20 | 119.80 | 126.00 | 117.20 | 128.60 | 115.40 | | Patel Engineering Ltd. | NSE | 372.30 | 376.33 | 365.88 | 380.37 | 359.47 | 386.78 | 355.43 | | Ruchi Soya Industries Ltd. | NSE | 136.95 | 140.47 | 130.92 | 143.98 | 124.88 | 150.02 | 121.37 | | Suzlon Energy Ltd. | NSE | 46.60 | 47.05 | 46.05 | 47.50 | 45.50 | 48.05 | 45.05 | | Tata Chemicals Ltd. | NSE | 396.35 | 399.87 | 392.47 | 403.38 | 388.58 | 407.27 | 385.07 | | Tata Coffee Ltd. | NSE | 488.65 | 496.43 | 482.43 | 504.22 | 476.22 | 510.43 | 468.43 | | Tata Communications Ltd. | NSE | 349.60 | 357.72 | 337.77 | 365.83 | 325.93 | 377.67 | 317.82 | | Tata Consultancy Services Ltd. | NSE | 858.40 | 866.27 | 845.27 | 874.13 | 832.13 | 887.27 | 824.27 | | Tata Motors Ltd. | NSE | 1010.75 | 1019.12 | 1002.77 | 1027.48 | 994.78 | 1035.47 | 986.42 | | Tata Power Company Ltd. | NSE | 1239.00 | 1251.65 | 1223.35 | 1264.30 | 1207.70 | 1279.95 | 1195.05 | | Tata Steel Ltd. | NSE | 537.95 | 542.73 | 529.43 | 547.52 | 520.92 | 556.03 | 516.13 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 22.85 | 23.10 | 22.50 | 23.35 | 22.15 | 23.70 | 21.90 | | Tech Mahindra Ltd. | NSE | 646.80 | 655.03 | 635.53 | 663.27 | 624.27 | 674.53 | 616.03 | | UCO Bank | NSE | 114.30 | 115.60 | 112.40 | 116.90 | 110.50 | 118.80 | 109.20 | |
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*LTP stands for Last Traded Price as on Wednesday, September 01, 2010 4:04:32 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.
|
 Corporate News Headline |
| • | Tata Consultancy Services said its UK subsidiary Diligenta has won two life and pension contracts, totaling GBP 250 mn in revenue in the UK. (BS) |
| • | Ambuja Cements said its August-month production stood at 14.13 lakh tonnes (LT), slightly down from 14.18 LT in the year-ago period. (BS) |
| • | Maruti Suzuki India reported its highest ever monthly sales at 1,04,791 units in August, registering 23.56% jump over the year-ago period. Sales for the same month last year were at 84,808 units, Maruti Suzuki India said in a statement. (BS) |
 |
| Economic and Political Headline |
| • | The Centre's fiscal deficit fell by 42% to Rs. 909.15 bn during April-July, 2010, year-on-year, on increased revenue receipts from the auction of 3G spectrum. The deficit represents 23.8% of the estimate for the current financial year. The Budget for 2010-11 estimates the fiscal deficit, which represents excess government expenditure over its revenue, at Rs. 3814.08 bn. (BS) |
| • | Manufacturing in the US expanded at a faster pace than forecast in August, signaling the industry that led the recovery will keep it from faltering. The Institute for Supply Management's factory index rose to 56.3 from 55.5 in July, the Arizona-based group said. (Bloomberg) |
| • | Manufacturing in China grew at a faster pace in August after the weakest performance since early 2009 in July, signaling that the economy's slowdown is stabilizing. The purchasing managers' index rose to 51.7 from 51.2, a government-backed report showed. (Bloomberg) |
Deriviatives EOD Report on
http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-01-Sep-2010.htm | US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1820.05 | 2.98% | (2.16)% | | DJIA | 10269.47 | 2.54% | (1.52)% | | S&P 500 | 1080.29 | 2.95% | (3.12)% | | • | US stocks rallied as better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery. The NASDAQ, Dow Jones and S&P 500 surged 2.98%, 2.54% and 2.95%, respectively. Caterpillar Inc. helped lead industrial companies in the Standard & Poor's 500 Index to a 3.9% gain as US and Chinese factory production grew last month. Alcoa Inc. advanced 3% as metal prices gained. Apple Inc. rose 3% after introducing iPods and a television set-top box. Burger King Holdings Inc. surged 15% on takeover speculation. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5366.41 | 2.70% | (0.86)% | | CAC 40 | 3623.84 | 3.81% | (7.94)% | | • | UK stocks rallied the most in almost two months after US and Chinese manufacturing growth accelerated, easing concern that the economy will stumble back into recession. The FTSE 100 jumped 141.19 points or 2.70% at 5,366.41. Rio Tinto Plc and Antofagasta Plc gained more than 6% as copper climbed and other base metals advanced. Cable & Wireless Worldwide Plc jumped 7.7% amid speculation that AT&T Inc. may make a bid. TUI Travel Plc soared 9.2% after a report that its parent group will buy the shares in the company that it doesn't already own. | |
Buy / Sell (Sep 01, 2010) Buy Sell Net FII 2688.31 2323.50 +359.81 DII 1210.05 1041.49 +168.56
*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
