Market Outlook 9th Sep 2010

Trading Calls

09.09.2010 ; 

BUY NIFTY SL 5560 T 5635 5656 

BUY ACC SL 979 T 1012 1026 

BUY ASSOCIATED SL 965 T 1094 

BUY INDUSBANK SL 130 T 147 

BUY KSK SL 160 T 182 

BUY LUPIN SL 364 T 412 

BUY PIRAMAL SL 507 T 575 

BUY SUNPHARMA SL 1700 T 1932 

BUY BEML SL 1160 T 1315 

BUY EXIDE SL 159 T 180 

BUY JET SL 717 T 800 

BUY LUPIN SL 360 T 400 

BUY PIRMAL SL 499 T 566 

BUY STERBIO SL 111 T 126 

BUY BOSH SL 6270 T 6660 6860

BUY GESHIP SL 310 T 330 345 

BUY MPHASIS SL 635 T 680 700 

BUY ASAINPAINT SL 2769 T 3140 

BUY BAJAJHOLD SL 800 T 911 

BUY BAJAJ FIN SL 675 T 766 

BUY STERLITE SL 159 T 165 

BUY HDFC SL 2174 T 2330 

BUY SPICEJET SL 70 T 90 

BUY JSWSTEEL SL 1174 T 1270

BUY ICICIBANK SL 1018 T 1090 

BUY TATAMOTOR SL 1015 T 1060 1080 

BUY APOLLOTY SL 82 T 97 

BUY INDIANHOTEL SL 104 T 114 

BUY KFA SL 63 T 72 78 

BUY SBI SL 2790 T 2870 2910 

BUY BRFL SL 258 T 270 280 

BUY CENTEX SL 495 T 518 532 

BUY GSPL SL 118 T 126 

BUY GVKPOWER SL 48 T 53 

BUY JSWSTEEL SL 1165 T 1245 1254 

BUY CHAMBLE SL 71 T 80 

BUY GODREAJ SL 389 T 436 

BUY PRIAMAHELTH SL 497 T 560 

BUY HEROHONDA SL 1685 T 1900 

BUY ABNOVO SL 790 T 890 

BUY CORPBANK SL 589 T 660 

BUY LUPIN SL 350 T 395 

BUY RENUKA SL 66 T 81

positional calls 

BUY BALRAMPURCHANI SL 84 T 94; 

BUY UCOBANK SL 114 T 130; 

BUY IOC SL 410 T 445; 

BUY UNIPHOS SL 182 T 195; BUY VOLTAS SL 200 T 220; BUY HIKEL SL 425 TGT 480; BUY RCF SL 82 TGT 90; BUY TATACHEM SL 397 TGT 422 430; BUY IDBI SL 122 TGT 134 BUY SAIL SL 186 TGT 198 BUY ICSA SL 126 TGT 138 

BUY REC SL 275 TGT 375 

BUY JSWENG SL 120 TGT 160 

BUY HLL SL 250 TGT 290 

BUY ITC SL 155 TGT 188 

BUY ACC SL 860 TGT 960 

BUY BHARTI SL 325 TGT 370 

BUY DISHTV SL 50 TGT 65 

BUY HPCL SL 440 TGT 640 

BUY MCDOWEEL SL 1500 TGT 1575 

BUY BOBBANK SL 790 TGT 888 

BUY BHARATFORGE SL 350 TGT 390 

BUY GESHIP SL 298 TGT 330 

BUY HOTELLLELA SL 50 TGT 65 

BUY PUNJLLOYD SL 105 TGT 117 

BUY KTKBANK SL 174 SL 187 

BUY DIVISLAB SL 742 TGT 790 

BUY TISCO SL 526 TGT 560 

BUY DRREDDY SL 1355 TGT 1430 

BUY MNM SL 623 TGT 642 

BUY RELCAP SL 770 TGT 792

COMMODITY TRADING CALLS

MCX BUY SILVER SL 30900 T 31500 31700 

BUY NATGAS SL 175 T 185 195 

BUY CRUDE SL 3380 T 3480 3580 

BUY NICKEL SL 990 T 1045 1060 

BUY GOLD SL 18990 T 19200 19300 19400 

BUY ALUM SL 98 T 102 104 

BUY LEAD SL 98 T 102 104 

BUY ZINC SL 98 T 102 104 

BUY COPPER SL 350 T 364 370 376

Strong & Weak Stocks

This is list of 10 strong stocks:  

Apollo Tyre, KFA, ACC, Godrej Ind, Ruchi Soya, BEML, Ambuja Cement, MLL, Guj Mineral & Renuka. 

And this is list of 10 Weak stocks: 

Hero Honda, Sesa Goa, Chennai Petro, Hind Const, Orbit Corp, Nagar Cont, KS Oils, Rel Infra, Cairn India & Punj Lloyd.

The daily trend of nifty is in Uptrend 

Market has remained sideways and it seems that it may consolidate some more before going up again. So the readers who had bought Nifty on 7th September may go on holding the longs till the trend remains up.

• Supp / Resis SPOT/CASH INDEX LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5632.85	5657.85	5690.40
		Support	5575.30	5542.75	5517.75
	Sensex	Resistance	18745.06	18823.42	18925.62
		Support	18564.50	18462.30	18383.94

NIFTY FUTURES  LEVELS (For Intra-Day) 

Resistances  @ 

5612-5614

5619 

5634-5636

5641-5643

5663-5665 

Supports @ 

5585-5587 

5561-5563 

5540-5542

5533-5535

5511-5513

by A S Hameed

SUPPORT/ REISTANCE LEVELS IN CASH MARKET FOR INTRADAY TRADING 

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 ACC Ltd. NSE 993.35 1013.72 961.27 1034.08 929.18 1066.17 908.82 Ambuja Cements Ltd. NSE 137.20 139.32 134.57 141.43 131.93 144.07 129.82 Apollo Tyres Ltd. NSE 86.00 87.65 84.60 89.30 83.20 90.70 81.55 BEML Ltd. NSE 1172.30 1189.87 1157.87 1207.43 1143.43 1221.87 1125.87 Cairn India Ltd. NSE 328.95 333.15 326.50 337.35 324.05 339.80 319.85 Chennai Petroleum Corporation Ltd. NSE 242.10 244.00 239.40 245.90 236.70 248.60 234.80 Godrej Consumer Products Ltd. NSE 394.10 405.58 386.98 417.07 379.87 424.18 368.38 Godrej Industries Ltd. NSE 232.05 235.78 227.53 239.52 223.02 244.03 219.28 Gujarat Ambuja Exports Ltd. NSE 30.60 31.13 29.93 31.67 29.27 32.33 28.73 Gujarat Fluorochemicals Ltd. NSE 227.05 233.02 219.07 238.98 211.08 246.97 205.12 Gujarat NRE Coke Ltd. NSE 64.00 65.25 63.15 66.50 62.30 67.35 61.05 Hindalco Industries Ltd. NSE 181.30 183.02 178.97 184.73 176.63 187.07 174.92 Hindustan Construction Company Ltd. NSE 60.75 61.75 59.95 62.75 59.15 63.55 58.15 Hindustan Motors Ltd. NSE 25.05 25.37 24.77 25.68 24.48 25.97 24.17 Hindustan Oil Exploration Company Ltd. NSE 234.00 238.17 231.17 242.33 228.33 245.17 224.17 Hindustan Petroleum Corporation Ltd. NSE 527.70 536.53 514.83 545.37 501.97 558.23 493.13 Hindustan Unilever Ltd. NSE 274.25 276.77 270.37 279.28 266.48 283.17 263.97 Hindustan Zinc Ltd. NSE 1096.55 1114.37 1084.37 1132.18 1072.18 1144.37 1054.37 K S Oils Ltd. NSE 50.65 51.83 49.63 53.02 48.62 54.03 47.43 Kingfisher Airlines Ltd. NSE 68.20 69.60 67.15 71.00 66.10 72.05 64.70 Mercator Lines Ltd. NSE 56.15 57.85 53.10 59.55 50.05 62.60 48.35 Nagarjuna Construction Co. Ltd. NSE 157.40 159.23 156.18 161.07 154.97 162.28 153.13 Nagarjuna Fertilisers & Chemicals Ltd. NSE 31.55 31.98 31.13 32.42 30.72 32.83 30.28 NSE Index NSE 5607.85 5632.85 5575.30 5657.85 5542.75 5690.40 5517.75 Orbit Corporation Ltd. NSE 124.95 127.28 121.48 129.62 118.02 133.08 115.68 Punj Lloyd Ltd. NSE 112.40 113.37 111.47 114.33 110.53 115.27 109.57 Punjab National Bank NSE 1229.20 1246.00 1207.20 1262.80 1185.20 1284.80 1168.40 Reliance Capital Ltd. NSE 776.35 791.72 767.62 807.08 758.88 815.82 743.52 Reliance Communications Ltd. NSE 164.75 166.60 161.65 168.45 158.55 171.55 156.70 Reliance Industries Ltd. NSE 959.60 965.53 952.83 971.47 946.07 978.23 940.13 Reliance Infrastructure Ltd. NSE 1025.75 1038.43 1016.63 1051.12 1007.52 1060.23 994.83 Reliance Media Works Ltd. NSE 211.90 216.80 208.00 221.70 204.10 225.60 199.20 Reliance Natural Resources Ltd. NSE 38.95 39.33 38.63 39.72 38.32 40.03 37.93 Reliance Power Ltd. NSE 156.30 157.85 155.40 159.40 154.50 160.30 152.95 Religare Enterprises Ltd. NSE 480.05 486.70 476.20 493.35 472.35 497.20 465.70 Ruchi Soya Industries Ltd. NSE 139.60 141.18 138.28 142.77 136.97 144.08 135.38 Sesa Goa Ltd. NSE 315.10 319.30 312.50 323.50 309.90 326.10 305.70

*LTP stands for Last Traded Price as on Wednesday, September 08, 2010 4:04:24 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.

Corporate News Headline
•	Tata Power plans to invest Rs. 700 bn to increase capacity to 25,000 megawatts (Mw) by 2017, a top company official said. (BS)
•	BHEL would form a JV with the Kerala government for acquiring a unit of Kerala Electrical and Allied Engineering Company Ltd. (BS)
•	Tata Steel is in talks with banks to raise between USD 4.5 bn to USD 5.5 bn loan to refinance debt at its European unit Corus, its managing director said. (BS)
Economic and Political Headline
•	The RBI asked banks to work out a special concessional package for the crisis-ridden aviation sector, in response to which the lenders said they will look into the problems on a case-to-case basis. (BS)
•	German exports fell and industrial production rose less than economists forecast in July, suggesting the recovery in Europe's largest economy is losing momentum. Sales abroad dropped 1.5% from the previous month, while production increased 0.1%, reports from the Federal Statistics Office in Wiesbaden and the Economy Ministry in Berlin showed. From a year earlier, production increased 10.9% when adjusted for the number of work days (Bloomberg)
•	Job openings in the US rose in July, a sign some employers are getting ready to expand as the world's largest economy recovers, a government report showed. Openings increased by 178,000 to 3.04 million, the Labor Department said. (Bloomberg) Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-09Sep2010.htm

US and European markets

Index Latest 1D Chg YTD Nasdaq 1880.00 1.27% 1.06% DJIA 10387.01 0.45% (0.39)% S&P 500 1098.87 0.64% (1.46)% • US stocks advanced, sending the Standard & Poor's 500 Index higher for the fifth time in six days, as concern eased that Europe's sovereign debt crisis will derail the global economic recovery. The NASDAQ, Dow Jones and S&P 500 gained 1.27%, 0.45% and 0.64%, respectively. JPMorgan Chase & Co. and Bank of America Corp. gained at least 1.2% and European stocks rose on improved demand for Portuguese and Polish bonds. Goldman Sachs Group Inc. added 1.6% as KKR & Co. and Perella Weinberg Partners LP were said to be in talks to hire its US proprietary trading group. Apple Inc. rallied 2% after UBS AG raised its profit and share-price estimates. Index Latest 1D Chg YTD FTSE 100 5429.74 0.41% (0.31)% CAC 40 3677.21 0.92% (6.58)% • UK stocks advanced, led by gains in BP Plc and ARM Holdings Plc, as governments from Portugal to Poland reported increased demand at auctions of their debt. The FTSE 100 added 21.92 points or 0.41% at 5,429.74. BP gained 1.3% after its credit rating was raised and it said no single mistake caused the Macondo oil well to leak into the Gulf of Mexico. ARM rose 5.8% after Royal Bank of Scotland Plc said the company has won an order from Samsung Electronics Co.

Buy / Sell (Sep 08, 2010)
	Buy					Sell	Net
FII	2368.68					2086.72	+281.96
DII	1210.86					1309.07	-98.21

*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