Tuesday, September 28, 2010

Market Outlook 28th Sep 2010

  • Supp / Resis SPOT/CASH INDEX LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 6066.676097.68 6121.87
Support 6011.475987.28 5956.27
Sensex Resistance 20229.49 20341.59 20415.21
Support 20043.77 19970.15 19858.05

Strong & Weak Stocks
This is list of 10 strong stocks: 
Jindal SWHL, Renuka, India Info, Lic house, IDBI, Triveni, Tisco, ABB, Punj Lloyd & Bhushan Steel. 
And this is list of 10 Weak stocks 
Finan Tech, BGR Energy, Mcleodruss, Hind Const, GT Offshore, Tulip, ICSA, Divi'S Lab, Patel Eng & Polaris.
The daily trend of nifty is in Uptrend 

TRADING CALLS
27.09.2010 ; 
BUY NIFTY SL 5950 T 6050 6080 BUY LICHUS SL 1340 T 1388 1412 BUY WIPRO SL 435 T 451 456 BUY HINDZINC SL 1065 T 1100 BUY BHUSANSTEEL SL 427 T 448 BUY ORCHID SL 204 T 215 BUY WELCORP SL 252 T 268 BUY CHANNAIPETOR SL 246 T 268 BUY LNT SL 1950 T 2070 2100 BUY ACC SL 1000 T 1060 1090 BUY HDIL SL 255 T 275 285 BUY BHEL SL 2400 T 2500 2580 BUY IFCI SL 60 T 65 68 BUY TISCO SL 610 T 640 650 BUY FINTECH SL 1190 T 1245 1270 BUY RELCAP SL 790 T 822 836 BUY JINDALSTEEL SL 680 T 708 714 BUY INDIACEM SL 107 T 120 130 BUY HCLTECH SL 405 T 440 450 BUY SBIBANK S;L 3050 T 3175 3225 BUY AXISBANK SL 1350 T 1650 1800 BUY EKC SL 420 T 475 BUY HLL SL 305 T 342 BUY BHUSANSTEL SL 420 T 475 BUY INDUSBANK SL 148 T 168 BUY LUPIN SL 390 T 442 BUY NTPC SL 203 T 230 BUY SINTEX SL 352 T 398 BUY BOECH SL 5960 T 6250 6360 BUY HOTELLELLA SL 53 T 60 63 BUY KFA SL 63 T 72 78 BUY HEROHONDA SL 1790 T 1920 1980 BUY TELCO SL 1045 T 1100 1120 BUY MARUTI SL 1411 T 1495 1510 BUY LIC SL 1275 T 1400 1440 BUY IDFC SL 196 T 214 230 BUY IDBI SL 145 T 162 170 BUY IFCI SL 60 T 65 70 BUY SYDBANK SL 110 T 120 130 BUY COLGATE SL 880 T 950 980 BUY BRFL SL 255 T 280 290 BUY ABAN SL 820 T 880 920 BUY BPCL SL 770 T 805 820 840 BUY YESBANK SL 325 T 345 355 BUY SOBHA SL 375 T 410 425 BUY TISCO SL 605 T 648 660 BUY JINDALSTEL SL 670 T 710 730 BUY HCLTECH SL 410 T 440 455 BUY GAIL SL 460 T 490 510 BUY ESSAROIL SL 125 T 142 150 BUY DENABANK SL 90 T 120 130 BUY FINTECH SL 1200 T 1260 1290 BUY DRREDDY SL 1470 T 1545 1577 BUY SAIL SL 190 T 220 230 BUY KTKBANK SL 165 T 190 198 BUY MADRASCEM SL 105 T 130 145 BUY UNITED SL 75 T 92 98

  Corporate News Headline•
Larsen and Toubro bagged a Rs. 16.10 bn order from Visa Power, a Visa Steel and Power Group Company, for its 2x600 MW power plant being set up in Chhattisgarh. (BS)
SAIL said the agreement for a joint venture with South Korean Posco to set up a plant of Rs. 150 bn will be ready within two months. (BS)
Reliance Communications will seek shareholders' approval for raising funds through issue of securities. RCom is looking to garner funds in order to enhance its global competitiveness and strengthen its financial position, Reliance Communications said in its annual report. (BS)

  Economic and Political Headline•
India aims to halve its peak power deficit within two years but environmental clearances for power plants could significantly impact future capacity addition, the head of the Central Electricity Authority said. Gurdial Singh said the deficit could fall to 6.5% in the fiscal year ending March 2012 from the current 13.8%, in what would be a major boost to fuelling energy-hungry India's return to high economic growth. (BS)
Japan is considering a stimulus package of as much as USD 54.6 bn that will be funded with existing revenue, a government official said as policy makers seek to shore up the nation's recovery. (Bloomberg)
Japan's exports grew at the slowest pace this year in August as a decrease in global demand and an advance in the yen threaten to undermine the nation's recovery. Overseas shipments increased 15.8% from a year earlier, the slowest since December, the Finance Ministry said in Tokyo. (Bloomberg)

Buy / Sell (Sep 27, 2010)
 BuySell Net
FII3578.112441.30 +1136.81
DII964.072018.13 -1054.06

*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