Market Outlook 16th Sep 2010

Strong Stocks

This is list of 10 Strong Stocks: 

Dish TV, Opto Circuits, Renuka, IDBI, Apollo Tyre, Canara Bank, Tisco, ICICI Bank, Hindalco & Hdfc Bank .

Weak Stocks

This is the list of 10 Weak Stocks: 

GSPL, EKC, KS Oils, Ivrcl Infra, Hero Honda, RCOM, Orbit Corp, GT Offshore, LITL & Colpal.

Daily trend of the market is up 
Market is still going up and is unable to give a much needed correction. But as the trend is still up so the readers who had bought Nifty on 7th September may go on holding the longs.

• Supp / Resis SPOT/CASH LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5889.53	5918.12	5966.78
		Support	5812.28	5763.62	5735.03
	Sensex	Resistance	19590.74	19679.38	19804.25
		Support	19377.23	19252.36	19163.72

TRADING CALLS FOR 16TH SEP 2010

BUY ASHOKLY SL 72 T 80 84 

BUY APOLLOTY SL 80 T 86 88 

BUY EXIDE SL 160 T 168 174 

BUY AXIS SL 1380 T 1450 1475 

BUY YESBANK SL 320 T 335 345 

BUY TITAN SL 3000 T 3200 3300 

BUY ADANI SL 670 T 700 740 

BUY RELCAP SL 780 T 810 830 

BUY NHPC SL 30 T 36 40 

BUY INFOSYS SL 2960 T 3025 

BUY DLF SL 329 T 352 

BUY ADANI SL 680 T 770 

BUY ABNOVO SL 850 T 970 

BUY ANDRABANK T 182 SL 160 

BUY APOLLO SL 415 T 474 

BUY BANKINDIA SL 480 T 550 

BUY CANARABANK SL 560 T 635 

BUY CASTROL SL 510 T 580 

BUY CENTRALBANL SL 185 T 210 

BUY CORPBANK SL 630 T 710 

BUY HDFC SL 640 T 730 

BUY INDUSBANK SL 135 T 152 

BUY MNM SL 645 T 730 

BUY SBIBANK SL 3060 T 3460 

BUY SOUTH INDIAN BANK SL 205 T 233 

BUY ICICI SL 1030 T 1120 1220 

BUY YESBANK SL 320 T 340 350 

BUY HDFC SL 640 T 665 690 

BUY GAIL SL 460 T 480 490 

BUY DENABANK SL 110 T 120 125 

BUY BEL SL 1700 T 1880 1960 

BUY HDIL SL 275 T 290 295 

BUY SESAGOA SL 310 T 330 340 

BUY WIPRO SL 395 T 415 425 

BUY LIC SL 1140 T 1240 1340 

BUY IOC SL 380 T 440 460 

BUY HPCL SL 475 T 575 675 

BUY SAIL SL 185 T 210 220 

BUY CENTEX SL 510 T 540 550 

BUY JSWSTEEL SL 1200 T 1260 1280

---

POSITIONAL CALLS (3-5 DAYS); 

BUY ZEE S; 286 T 324 

BUY TITAN SL 3030 T 3442 

BUY STERLITE SL 169 T 192 

BUY LUPIN SL 362 T 410 

BUY INDUSBANK SL 238 T 257 

BUY IDFC SL 194 T 220 

BUY GSPL SL 106 T 120 

BUY EXIDE SL 160 T 182 

BUY CONTAIN SL 1270 T 1440 

BUY AXIS SL 1420 T 1485 1510 

BUY IFCI SL 58 T 62 66 

BUY IOB SL 135 T 142 152 

BUY DENABANK SL 110 T 120 125 

BUY SBI SL 2910 T 3131 3200 

BUY ASAIN PANIT SL 2800 T 2860 3050 

BUY HLL SL 274 T 280 290 

BUY BPCL SL 750 T 780 800 

BUY MRPL SL 78 T 83 86 

BUY IOC SL 420 T 460 480 

BUY BGR SL 800 T 845 885 

BUY SESMENS SL 740 T 775 805 

BUY GAIL SL 470 T 510 530

SPOT/ CASH LEVELS FOR INTRADAY DAY TRADING

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Apollo Tyres Ltd. NSE 84.75 85.93 82.88 87.12 81.02 88.98 79.83 Bank of India NSE 498.80 506.43 486.63 514.07 474.47 526.23 466.83 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1199.10 1210.73 1190.73 1222.37 1182.37 1230.73 1170.73 Canara Bank NSE 582.65 588.90 577.40 595.15 572.15 600.40 565.90 Colgate-Palmolive (India) Ltd. NSE 815.15 825.07 808.17 834.98 801.18 841.97 791.27 Dish TV India Ltd. NSE 59.20 59.73 58.63 60.27 58.07 60.83 57.53 Eveready Industries India Ltd. NSE 74.35 75.70 73.50 77.05 72.65 77.90 71.30 Everonn Education Ltd. NSE 637.95 679.30 569.05 720.65 500.15 789.55 458.80 Great Offshore Ltd. NSE 391.80 395.53 388.03 399.27 384.27 403.03 380.53 HDFC Bank Ltd. NSE 2375.45 2394.28 2346.33 2413.12 2317.22 2442.23 2298.38 Hero Honda Motors Ltd. NSE 1742.15 1755.87 1720.22 1769.58 1698.28 1791.52 1684.57 Hindalco Industries Ltd. NSE 189.95 193.20 186.35 196.45 182.75 200.05 179.50 ICICI Bank Ltd. NSE 1103.90 1110.82 1096.07 1117.73 1088.23 1125.57 1081.32 IDBI Bank Ltd. NSE 142.55 144.97 139.12 147.38 135.68 150.82 133.27 K S Oils Ltd. NSE 49.90 50.48 49.53 51.07 49.17 51.43 48.58 NSE Index NSE 5860.95 5889.53 5812.28 5918.12 5763.62 5966.78 5735.03 Opto Circuits India Ltd. NSE 316.60 320.37 310.47 324.13 304.33 330.27 300.57 Orbit Corporation Ltd. NSE 126.25 128.25 124.75 130.25 123.25 131.75 121.25 Reliance Capital Ltd. NSE 823.00 830.68 809.63 838.37 796.27 851.73 788.58 Reliance Communications Ltd. NSE 162.20 163.90 161.10 165.60 160.00 166.70 158.30 Reliance Industries Ltd. NSE 1013.90 1025.40 995.70 1036.90 977.50 1055.10 966.00 Reliance Infrastructure Ltd. NSE 1069.95 1082.37 1056.77 1094.78 1043.58 1107.97 1031.17 Reliance Media Works Ltd. NSE 209.20 211.67 207.37 214.13 205.53 215.97 203.07 Reliance Natural Resources Ltd. NSE 39.35 39.73 39.08 40.12 38.82 40.38 38.43 Reliance Power Ltd. NSE 157.65 159.17 156.67 160.68 155.68 161.67 154.17 Tata Chemicals Ltd. NSE 420.40 426.53 416.28 432.67 412.17 436.78 406.03 Tata Communications Ltd. NSE 335.90 340.75 332.05 345.60 328.20 349.45 323.35 Tata Consultancy Services Ltd. NSE 914.80 923.13 902.73 931.47 890.67 943.53 882.33 Tata Motors Ltd. NSE 1024.60 1062.70 1002.80 1100.80 981.00 1122.60 942.90 Tata Power Company Ltd. NSE 1268.70 1275.83 1258.53 1282.97 1248.37 1293.13 1241.23 Tata Steel Ltd. NSE 603.70 609.50 598.15 615.30 592.60 620.85 586.80 Tata Teleservices (Maharashtra) Ltd. NSE 23.35 23.65 23.15 23.95 22.95 24.15 22.65

*LTP stands for Last Traded Price as on Wednesday, September 15, 2010 4:04:20 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.

Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-16Sep2010.htm

  Corporate News Headline

• Punj Lloyd said its Saudi Arabia-based group firm Dayim Punj Lloyd has secured a contract from state oil company Saudi Aramco for construction of a pipeline. (BS)

• Reliance Industries is ostensibly seeking a 25% increase in the price of natural gas it produces from the eastern offshore Krishna-Godavari Basin after it wrote to the Oil Ministry saying it has customers willing to pay more than the government-approved price. (BS)

• Tata Motors Ltd said its global vehicle sales in August rose 29% from a year earlier to 85,114 units. Jaguar and Land Rover sales in the month rose 29% to 16,220 units. (BS)

  Economic and Political Headline

• Exports grew by 22.5% to USD 16.64 bn in August compared to the same period last fiscal. Imports jumped by 32.2% yoy to USD 29.7 bn in August. During April-August this fiscal, exports posted a growth rate of 28.6% to USD 85.27 bn on a yoy basis. Imports during the April-August period grew by 33.1% to USD 141.89 bn. The trade deficit widened to USD 13.06 bn in August compared to the year-ago period. For the April-August, 2010, period, the trade deficit amounted to USD 56.62 bn. (BS)

• Production in the US cooled in August as automakers scaled back following a surge in output the prior month. Industrial production increased 0.2% last month after rising 0.6% in July, figures from the Federal Reserve showed. Manufacturing expanded 0.5% excluding autos. (Bloomberg)

• Manufacturing in the New York region expanded at a slower pace than forecast in September. The Federal Reserve Bank of New York's general economic index fell to 4.1 this month, the lowest reading since July 2009, from 7.1 in August. (Bloomberg)

US stocks advanced, sending benchmark indexes to the highest levels in five weeks, as speculation companies will be bought or return cash to shareholders raised investors' optimism. The NASDAQ, Dow Jones and S&P 500 gained 0.57%, 0.44% and 0.35%, respectively. Travelers Cos. advanced 2.9%, the most in the Dow Jones, after boosting its forecast for stock buybacks. Novell Inc. rose 5.9% after the New York Post said the company reached an agreement to sell itself. McKesson Corp. helped lead gains among health-care companies after Lazard Capital Markets said it may rally.

• UK stocks declined, dragging the benchmark FTSE 100 Index lower for the first day in six, as shares of BP Plc and AstraZeneca Plc retreated. The FTSE 100 slipped 11.85 points or 0.21% at 5,555.56. BP fell 2.7% after the Financial Times reported that the energy company failed to comply with emergency regulations for North Sea oil installations. AstraZeneca lost 1.1% after saying US regulators will delay a decision on the drugmaker's Brilinta application. Next Plc rallied the most in a year as it reported a 15% increase in first-half pretax profit.

Buy / Sell (Sep 15, 2010)
	Buy					Sell	Net
FII	4892.72					2977.73	+2214.99
DII	1209.06					2119.56	-909.96

*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