Tuesday, October 12, 2010

Market Outlook 12th Oct 2010

Strong & Weak  stocks
This is list of 10 strong stocks:
Rel Media, Orchid Chem, ABG Ship, MLL, Bhushan Steel, KFA, IFCI, Chambal Fert, Recltd & Vijaya Bank. 
And this is list of 10 Weak stocks: 
Finan Tech, Nagar Cont, Idea, GVKPIL, GTL Infra, Asian Paint, Hind Petro, Indian Oil, IVRCL Infra & BPCL.
The daily trend of nifty is in Uptrend 

  • Supp / Resis SPOT/CASH INDEX LEVELS FOR INTRADAY
Indices Supp/Resis1 23
Nifty Resistance 6180.426224.98 6262.22
Support 6098.626061.38 6016.82
Sensex Resistance 20442.46 20545.02 20628.78
Support 20256.14 20172.38 20069.82

TRADING CALLS 12.10.2010 
BUY NIFTY ABV 6172 T 6185 6199 6225 6245 SL 6162 & BLW 6146 SELL T 6133 6120 6094 6078 SL 6152 
BUY BANKNIFTY ABV 12588 T 12615 23660 12700 12740 SL 12565 &  BLW 12545 SELL T 12520 12480 12440 12400 SL 12560 
BUY BEML ABV 1168 T 1178 1188 1198 SL 1162 
BUY CUMMIND ABV 747 T 752 758 764 SL 743 
BUY INDHOTEL ABV 105 T 107 109 111 SL 103 
BUY INFOSYS ABV 3088 T 3100 3115 3130 SL 3080 
JPASSO ABV 134 T 136 138 140 SL 132 
BUY YESBANK ABV 358 T 362 366 370 SL 354 
RELCAP ABV 864 T 870 876 882 SL 860 
SAIL ABV 228 T 231 234 238 SL 226 
ROLTA ABV 172 T 174 176 178 SL 170 
BUY BIRLACORP ABV 428 T 432 436 440 SL 425 
BUY CORPBANK ABV 732 T 738 744 750 SL 728

3-5 DAYS IN DECLINE BUY & HOLD WITH STOPLOSS ;; 
BUY ADANI SL 705 T 778 
BUY CHAMBLE SL 79 T 90 
BUY EXIDE SL 172 T 196 
BUY REIAGRO SL 22 T 26 
BUY RASHTRIYA AGRO SL 90 T 102 
BUY RELINFRA SL 1086 T 1103 1112 
BUY MARUTI SL 1500 T 1539 1550 
BUY IDFC SL 200 T 215 220 
BUY LICHUS SL 1400 T 1450 1475 
BUY HINDALCO SL 208 T 220 225 
BUY INDIACEM SL 112 T 122 128 
BUY CIPLA SL 325 T 350 360 
SELL INFOSYS SL 3098 T 3068 3046 
SELL LNT SL 2065 T 2020 2004 
BUY YESBANK SL 345 T 365 
BUY WELCORP SL 266 T 280 
BUY TATATGLOBLE SL 130 T 140 145 
BUY TATACEM SL 415 T 430 440 
BUY GREATOFF SL 388 T 412 424 
BUY STERLITE SL 175 T 183 193 
BUY RELIANCE SL 1055 T 1088 1098 
BUY RCOM SL 178 T 190 195 
BUY RECLTD SL 387 T 412 426 
BUY PTCINDIA SL 118 T 126 136 
BUY PIRMALHELTH SL 504 T 526 542 
BUY WIPRO SL 457 T 468 479

SUPPORT/RESISTANCE LEVELS IN CASH/ SPOT MARKET FOR INTRADAY TRADING
Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3
ABG Shipyard Ltd. NSE 304.50 309.20 297.90 313.90 291.30 320.50 286.60
Asian Electronics Ltd. NSE 28.70 30.65 26.75 32.60 24.80 34.55 22.85
Asian Paints Ltd. NSE 2661.25 2696.83 2637.83 2732.42 2614.42 2755.83 2578.83
Bank of India NSE 559.95 566.33 554.93 572.72 549.92 577.73 543.53
Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1251.29 1264.19 1244.20 1277.08 1237.10 1284.18 1224.21
Bhushan Steel Ltd. NSE 508.45 518.05 500.20 527.65 491.95 535.90 482.35
Financial Technologies (India) Ltd. NSE 1177.95 1185.63 1171.63 1193.32 1165.32 1199.63 1157.63
GTL Infrastructure Ltd. NSE 44.60 45.17 44.27 45.73 43.93 46.07 43.37
GVK Power & Infrastructure Ltd. NSE 45.75 46.53 45.23 47.32 44.72 47.83 43.93
Hindalco Industries Ltd. NSE 215.10 218.02 213.17 220.93 211.23 222.87 208.32
Hindustan Construction Company Ltd. NSE 66.55 67.50 65.80 68.45 65.05 69.20 64.10
Hindustan Motors Ltd. NSE 26.60 28.52 25.22 30.43 23.83 31.82 21.92
Hindustan Oil Exploration Company Ltd. NSE 240.25 243.95 237.60 247.65 234.95 250.30 231.25
Hindustan Petroleum Corporation Ltd. NSE 511.15 515.40 508.15 519.65 505.15 522.65 500.90
Hindustan Unilever Ltd. NSE 294.85 298.22 292.77 301.58 290.68 303.67 287.32
Hindustan Zinc Ltd. NSE 1199.05 1229.37 1175.37 1259.68 1151.68 1283.37 1121.37
Idea Cellular Ltd. NSE 70.75 71.62 70.22 72.48 69.68 73.02 68.82
IFCI Ltd. NSE 74.05 74.93 73.33 75.82 72.62 76.53 71.73
Indian Bank NSE 298.20 304.33 293.28 310.47 288.37 315.38 282.23
Indian Hotels Company Ltd. NSE 103.40 104.18 102.23 104.97 101.07 106.13 100.28
Indian Oil Corporation Ltd. NSE 415.10 422.27 410.97 429.43 406.83 433.57 399.67
Indian Overseas Bank NSE 150.95 152.13 150.03 153.32 149.12 154.23 147.93
IVRCL Infrastructure & Projects Ltd. NSE 161.85 164.02 160.42 166.18 158.98 167.62 156.82
Kingfisher Airlines Ltd. NSE 81.25 82.75 80.05 84.25 78.85 85.45 77.35
Mercator Lines Ltd. NSE 67.60 68.67 66.87 69.73 66.13 70.47 65.07
Nagarjuna Construction Co. Ltd. NSE 150.65 152.98 148.98 155.32 147.32 156.98 144.98
Nagarjuna Fertilisers & Chemicals Ltd. NSE 34.05 35.20 32.20 36.35 30.35 38.20 29.20
NSE Index NSE 6135.85 6180.42 6098.62 6224.98 6061.38 6262.22 6016.82
Orchid Chemicals & Pharmaceuticals Ltd. NSE 283.00 287.83 279.13 292.67 275.27 296.53 270.43
Reliance Capital Ltd. NSE 859.65 870.37 850.57 881.08 841.48 890.17 830.77
Reliance Communications Ltd. NSE 184.20 186.98 179.88 189.77 175.57 194.08 172.78
Reliance Industries Ltd. NSE 1069.20 1076.60 1057.45 1084.00 1045.70 1095.75 1038.30
Reliance Infrastructure Ltd. NSE 1096.70 1110.95 1079.15 1125.20 1061.60 1142.75 1047.35
Reliance Media Works Ltd. NSE 284.55 297.63 271.03 310.72 257.52 324.23 244.43
Reliance Natural Resources Ltd. NSE 40.65 41.02 40.37 41.38 40.08 41.67 39.72
Reliance Power Ltd. NSE 164.90 167.10 162.60 169.30 160.30 171.60 158.10
Religare Enterprises Ltd. NSE 490.30 495.83 484.93 501.37 479.57 506.73 474.03
Vijaya Bank NSE 94.75 96.20 92.15 97.65 89.55 100.25 88.10
   *LTP stands for Last Traded Price as on Monday, October 11, 2010 4:04:36 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. 


Derivative EOD report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-11-Oct-2010.htm

Buy / Sell (Oct 11, 2010)
 BuySell Net
FII3298.462488.16 +810.30
DII1161.861736.67 -574.81


*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