Market Outlook 1st Oct 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Orchid Chem, KFA, Renuka, Triveni, JindalSWHL, LicHHousing, DLF, Tisco, ABB & Sun Pharma. 

And this is list of 10 Weak stocks: 

FinanTech, Noida Toll, Patni, GTOffshore, TataCom, Polaris, Divi Lab, Hind const., IndianHotel & ICSA. 

The daily trend of nifty is in Uptrend 

• Supp / Resis SPOT/RESISTANCE LEVELS INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	6064.40	6098.85	6149.25
		Support	5979.55	5929.15	5894.70
	Sensex	Resistance	20167.75	20266.37	20418.02
		Support	19917.48	19765.83	19667.21

SUPPORT/ RESISTANCE LEVELS FOR INTRADAY IN CASH MARKET

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 ABB Ltd. NSE 921.90 954.57 889.62 987.23 857.33 1019.52 824.67 Abbott India Ltd. NSE 1126.40 1139.60 1116.60 1152.80 1106.80 1162.60 1093.60 Bank of Baroda NSE 872.50 885.48 863.73 898.47 854.97 907.23 841.98 Bank of India NSE 517.45 524.30 511.30 531.15 505.15 537.30 498.30 Bank of Maharashtra NSE 70.75 72.03 69.23 73.32 67.72 74.83 66.43 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1230.95 1234.30 1226.30 1237.65 1221.65 1242.30 1218.30 Divi's Laboratories Ltd. NSE 689.85 705.57 679.57 721.28 669.28 731.57 653.57 DLF Ltd. NSE 378.20 382.38 371.53 386.57 364.87 393.23 360.68 Financial Technologies (India) Ltd. NSE 1151.90 1183.57 1130.62 1215.23 1109.33 1236.52 1077.67 Hindalco Industries Ltd. NSE 197.05 200.90 191.00 204.75 184.95 210.80 181.10 Hindustan Copper Ltd. NSE 440.90 446.20 436.10 451.50 431.30 456.30 426.00 Hindustan Motors Ltd. NSE 24.30 25.15 23.65 26.00 23.00 26.65 22.15 Hindustan Oil Exploration Company Ltd. NSE 235.60 238.50 232.85 241.40 230.10 244.15 227.20 Hindustan Unilever Ltd. NSE 309.05 312.42 305.12 315.78 301.18 319.72 297.82 Hindustan Zinc Ltd. NSE 1078.85 1096.00 1066.10 1113.15 1053.35 1125.90 1036.20 ICSA-India Ltd. NSE 124.25 126.33 122.83 128.42 121.42 129.83 119.33 Indian Hotels Company Ltd. NSE 98.70 100.62 97.62 102.53 96.53 103.62 94.62 Indian Oil Corporation Ltd. NSE 416.80 426.83 410.88 436.87 404.97 442.78 394.93 Indian Overseas Bank NSE 131.95 133.45 130.25 134.95 128.55 136.65 127.05 Jindal Photo Ltd. NSE 237.25 243.17 233.17 249.08 229.08 253.17 223.17 Jindal Poly Films Ltd. NSE 1001.30 1038.77 959.57 1076.23 917.83 1117.97 880.37 Jindal Saw Ltd. NSE 214.00 216.40 211.70 218.80 209.40 221.10 207.00 Jindal South West Holdings Ltd. NSE 2132.20 2178.87 2084.57 2225.53 2036.93 2273.17 1990.27 Jindal Steel & Power Ltd. NSE 707.25 714.63 698.23 722.02 689.22 731.03 681.83 Kingfisher Airlines Ltd. NSE 74.15 76.23 71.28 78.32 68.42 81.18 66.33 LIC Housing Finance Ltd. NSE 1436.65 1461.62 1421.87 1486.58 1407.08 1501.37 1382.12 NSE Index NSE 6029.95 6064.40 5979.55 6098.85 5929.15 6149.25 5894.70 Orchid Chemicals & Pharmaceuticals Ltd. NSE 234.30 245.67 215.67 257.03 197.03 275.67 185.67 Patni Computer Systems Ltd. NSE 414.75 432.03 404.23 449.32 393.72 459.83 376.43 Polaris Software Lab Ltd. NSE 162.85 166.62 160.62 170.38 158.38 172.62 154.62 Sun Pharmaceutical Industries Ltd. NSE 2020.50 2038.17 1999.42 2055.83 1978.33 2076.92 1960.67 Sun TV Network Ltd. NSE 519.00 526.90 509.60 534.80 500.20 544.20 492.30 Tata Chemicals Ltd. NSE 399.60 405.57 393.07 411.53 386.53 418.07 380.57 Tata Coffee Ltd. NSE 600.60 612.93 593.13 625.27 585.67 632.73 573.33 Tata Communications Ltd. NSE 306.55 315.95 300.70 325.35 294.85 331.20 285.45 Tata Consultancy Services Ltd. NSE 926.95 932.92 918.07 938.88 909.18 947.77 903.22 Tata Motors Ltd. NSE 1098.10 1113.32 1084.57 1128.53 1071.03 1142.07 1055.82 Tata Power Company Ltd. NSE 1355.20 1372.43 1334.53 1389.67 1313.87 1410.33 1296.63 Tata Steel Ltd. NSE 651.85 659.20 643.30 666.55 634.75 675.10 627.40 Tata Teleservices (Maharashtra) Ltd. NSE 22.10 22.48 21.83 22.87 21.57 23.13 21.18 Triveni Engineering & Industries Ltd. NSE 123.25 125.08 121.73 126.92 120.22 128.43 118.38

*LTP stands for Last Traded Price as on Thursday, September 30, 2010 4:04:10 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.

01.10.2010 ; 

NIFTY ABV 6040 T 6070 6100 6140 BLW 6010 T 6080 6050 6020 & ACC ABV 1015 T 1033 1050BLW 999 T 988 975 & HINDALCO ABV 193 T 196 199 BLW 188 T 186 183 & MARUTI ABV 1425 T 1405 1385 BLW 1425 T 1405 1385 HDIL ABV 273 T 281 290 BLW 265 T 257 250 & RELIANCE ABV 1005 T 1020 1033 BLW 992 T 978 965 & RELCAP ABV 814 T 828 845 BLW 800 T 789 776 & JPASSO ABV 123 T 127 131 BLW 119 T 115 112 & ONGC ABV 1405 T 1385 1360 BLW 1430 T 1460 1485 & DLF ABV 383 T 391 400 BLW 375 T 367 358 & INFOSYS ABV 3055 T 3085 3115 BLW 3030 T 3008 2975 & TELCO ABV 1115 T 1135 1155 BLW 1080 T 1065 1040 & BHEL ABV 2460 T 2435 2405 BLW 2508 T 2525 2555 & TISCO ABV 665 T 674 683 BLW 652 T 640 627 & UNITECH ABV 90 T 93 95 BLW 87 T 85 83 & STERLITE ABV 163 T 167 170 BLW 158 T 155 152 & ITC ABV 177 T 180 184 BLW 172 T 166 162 & SESAGOA ABV 333 T 341 352 BLW 326 T 318 312 & RELINFRA ABV 1105 T 1135 1155 BLW 1085 T 1050 1030 & TCS ABV 925 T 938 954 BLW 917 T 900 888 & SAIL ABV 210 T 215 220 BLW 204 T 201 197 & SBIBANK ABV 3225 T 3250 3280 BLW 3195 T 3160 3120 & LICHUS ABV 1460 T 1485 1510 BLW 1410 T 1385 1360

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3-5 days trading

SIEMENS ABV 816 T 822 828 834 840 SL 812 & HDFC ABV 712 T 718 724 730 736 SL 708 & TATAPOWER ABV 1345 T 1360 1375 1390 1405 SL 1335 & INFOSYS ABV 3015 T 3025 3035 3045 3055 SL 3005 & BIOCON ABV 370 T 375 380 385 390 SL 365 & BANKINDIA ABV 510 T 520 530 540 550 560 SL 500 & FEDRALBANK ABV 407 T 410 414 418 422 SL 405 & HDIL ABV 265 T 270 275 280 285 290 SL 260 & APIL ABV 810 T 825 840 855 SL 800 & ONGC ABV 1420 T 1435 1450 1465 SL 1410 & LUPIN ABV 390 T 396 402 408 SL 386 & SBBANK ABV 3200 T 3220 3240 3260 SL 3190 & TULIP ABV 170 T 176 182 188 SL 166 & TRIVENI ABV 121 T 125 129 134 SL 119 & SINTEX ABV 390 T 396 402 408 SL 386 & KFA ABV 73 T 76 79 82 SL 71

  Corporate News Headline

•Adani Enterprises will now make an additional investment of USD 3.5-4 bn to develop the necessary mining infrastructure and logistics, including a rail link and a coal terminal in a port facility. This combined investment of over AUD 6.5 bn will make it the largest coal sector investment in Australia. (BS)

•Tata Steel UK Holdings, a 100% indirect subsidiary of Tata Steel, signed a senior facility agreement with a syndicate of 13 banks for an over USD 5 bn (Rs. 22,500 crore) term loan and revolving credit facility, intended to replace the current term loan and revolving credit entered into at the time of the acquisition of Corus in 2007. (BS)

•Kingfisher Airlines would launch a USD 250 mn GDR issue shortly, and is also in the process of restructuring of its debt with a consortium of bankers, Chairman Vijay Mallya said. (BS)

  Economic and Political Headline

•India's food price index rose 16.44% while the fuel price index climbed 10.73% in the year to September 18, government data showed. The primary articles index was up 18.31% in the latest week compared with an annual rise of 16.80% in the previous week. (BS)

•The US economy grew at a 1.7% annual rate in the second quarter, marking the start of a slowdown in growth that has concerned the Federal Reserve. The revised increase in gross domestic product was more than the median forecast of economists surveyed and compares with a 1.6% estimate issued last month, figures from the Commerce Department showed. (Bloomberg)

•European inflation accelerated to the fastest in almost two years in September, led by higher energy costs. Euro-area consumer prices rose 1.8% from a year earlier after increasing 1.6% in August, the European Union statistics office in Luxembourg said. (Bloomberg)

Buy / Sell (Sep 30, 2010)
	Buy					Sell	Net
FII	6428.29					3931.40	+ 2496.89
DII	1471.09					2992.72	-1521.63

*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