Market Outlook 8th Jan 2009

Strong & Weak futures
This is list of 10 strong futures:
National Alum, Bhushan Steel, Hindalco, MLL, Finance Tech, Essar Oil, Aban Off shore, Century Text, Pantaloon Retail & Praj Industry.
And this is list of 10 Weak futures:
Maruti, GT Offshore, Orchid Chem, Mphasis, Hero Honda, TCS, Hind Uni Lvr, HDFC, Pir Health & GVKPIL.
Nifty is in Up trend

NIFTY FUTURES (F & O):
Above 5293 level, expect short covering up to 5314 & 5319 levels by non-stop.

Support at 5245 level. Below this level, selling may continue up to 5214 & 5218 levels by non-stop.

Buy if touches 5197 level. Stop Loss at 5169-5171 zone.

On Positive Side, cross above 5341 level can take it up to 5362-5364 zone. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:
Bullish Trend. Stop Loss at 5155.00.

Up Side Target at 5339.00.

BSE SENSEX:

It may slide up to 17144.60 level on (or) before 12.01.2010.

But should not be allowed to cross 18086.84 level on upper side.

Equity:
BHARAT PETROLEUM (NSE Cash)

Sell. Negative Factor is that Stop Loss is too far on upper side.

If able to control below 625 level then traders can sell. Below 608 & 613 levels, fall may continue up to 596 level and thereafter it can tumble up to 589-591 zone by non-stop.

On Positive Side, if allowed to cross & sustain at above 631 level then expect short covering up to 637 level by non-stop.

STRIDES ARCOLAB (NSE Cash)

Sideways trend with positive bias.

If not breaking 252 level, then traders can buy. Above 257 level, expect unbelievable target of 267 level and thereafter it can jump up to 270-272 zone by non-stop.

On Negative Side, slip below 248 level can create panic up to 245 level.

CENTURY TEXTILES (NSE Cash)

Explosive. Negative Factor is that, Stop Loss is too far on down side.

If not breaking 567 level, then traders can buy. Above 578 level, rally may continue up to 585 & 590 levels by non-stop. If crosses & sustains at above 599 & 605 levels then it can zoom up to 609-611 zone by non-stop.

On Negative Side, slip below 552 level can create panic up to 544 level.

ABAN OFFSHORE (NSE Cash):

Explosive & will zoom.

HINDALCO INDS (NSE Cash):

Explosive & will zoom.

ESSAR OIL (NSE Cash):

Explosive & will zoom.

BOMBAY DYEING (NSE Cash):

Explosive & will zoom.

IFCI LTD (NSE Cash):

No trigger as per my calculations. Bulls will get trapped at higher levels.

BHUSHAN STEEL (NSE Cash):

Explosive & will zoom.

GUJ MINERAL (NSE Cash):

Explosive & will zoom.

TATA MOTORS (NSE Cash):

Fall may continue as per technicals.

INFOSYS TECHNOLO (NSE Cash):

Fall may continue as per technicals.

STEEL AUTHORITY (NSE Cash):

Fall may continue as per technicals.

INVESTMENT BUY:
UCAL FUEL SYSTE (BSE Code:500464):

1 Day Chart is Excellent. Yesterday's low of 89.00 level should be used as a Stop Loss for today.

From the last 4 Days movement, this stock should touch 176.05-178.05 zone in coming days.

Down side risk up to 68.10 also possible. Keep a Stop Loss at 68.10.

OPTIONS (NSE):
NIFTY 5200 PUT OPTION

Sideways trend with positive bias.

If unable to break 68-70 zone on down side, then expect rebound too.

If rally continues, then it can zoom up to 85 level and thereafter it can jump up to 89 level

by non-stop.

RELIANCE 1080 PUT OPTION

Sideways trend with negative bias.

Below 17 & 18 levels, unwinding may continue up to 10 level by non-stop.

If unable to control above 22 level, then expect short covering up to 27 level and thereafter expect a jump up to 30 level by non-stop.

STOCK FUTURES (NSE):
HOUSING DEV & INFRA FUTURES

Sell & Technically fall should continue.

If controlled below 373 level, then traders can sell. Below 367 level, fall may continue up to 359 & 362 levels and thereafter it can tumble up to 353-355 zone by non-stop.

On Positive Side, 378 level should not be allowed to cross.

BOMBAY RAYON FASHIONS FUTURES:

Explosive & will zoom.

SIEMENS FUTURES:

No trigger as per my calculations. Bulls will get trapped at higher levels.

JAIPRAKASH POWER VENTURES FUTURES:

Explosive & will zoom.

DLF FUTURES:

Fall may continue as per technicals.

SUZLON ENERGY FUTURES:

No trigger as per my calculations. Bears may get trapped at lower levels.

BAJAJ HINDUSTAN FUTURES:

No trigger as per my calculations. Bears may get trapped at lower levels.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	07-Jan-2010	2579.68	2487.47	92.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	07-Jan-2010	1364.1	1491.51	-127.41

	5263.10	( -0.35 %)	-18.70
		1	2	3
Resistance		5295.52	5327.93	5353.32
Support		5237.72	5212.33	5179.92

	17615.72		( -0.48 %)	-85.41
			1	2	3
Resistance			17710.53	17805.33	17877.33
Support			17543.73	17471.73	17376.93

--
Arvind Parekh
+ 91 98432 32381

Market Outlook 7th Jan 2010

NIFTY FUTURE LEVELS
RESISTANCE
5303
5326
5342
5365
SUPPORT
5266
5252
5236
5229
5213
DCBCORB;GRASIM;DLF;UNITEDSPIRITS;DENABK;IVRINFRA;RENUKA;FINTECH;MUNDRA;DRREDDY

Strong Futures
This is list of 10 Strong Futures:
National Alum, JSW Steel, Pantaloon Retail, Hindalco, Finance Tech, Sintex, Grasim, Sail Ltd, Chambal Fert & Hotel Leela.
Weak Futures
This is the list of 10 Weak Futures:
Reliance, GT Offshore, Pir Health, Hind Uni Lvr, Orchid Chem, HDFC Bank, Lic house, RPL, Hero Honda & GVKPIL.

Daily trend of the market is Up
Even though the market has become overbought now and some correction is needed, but as the trend is still up, the readers who have created long positions in Nifty (bought on 30th December) may go on holding the longs till the trend remains in uptrend
_________________________________________________________

NIFTY FUTURES (F & O):

Above 5303 level, rally may continue up to 5326 level by non-stop. Support at 5266 level. Below this level, expect profit booking up to 5252 level. Buy at around 5229 & 5236 levels. Stop Loss at 5213-5215 zone. On Positive Side, cross above 5340-5342 zone can take it up to 5363-5365 zone by non-stop. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:

Bullish Trend. Stop Loss at 5155.00. Up Side Target at 5339.00. We are trading near the target level of 5339.00. 3 closes above 5339.00 level, expect a jump up to 5431.00 level by non-stop.

Equity:

DB CORP (NSE Cash) Sideways trend with positive bias. Above 269 level, rally may continue up to 275 & 278 levels by non-stop. If slips below 263 level, then it can fall up to unbelievable level of 254 and thereafter it can tumble up to 251 level.

DLF (NSE Cash) Explosive. Negative Factor is that, Stop Loss is too far on down side. Above 380-382 zone, it can zoom up to 387 & 388 levels and thereafter expect a jump up to 392-394 zone. Support at 370 & 375 levels. Keep a Stop Loss at 367 level and buy.

STEEL AUTHORITY (NSE Cash) Sell. But Stop Loss is too far on upper side. If controlled below 251 level then traders can go short. Below 245 & 246 levels, expect a slide up to unbelievable target of 236-238 zone and thereafter it can tumble up to 225-227 zone by non-stop. On Positive Side, if allowed to cross 256-258 zone then expect short covering up to 264 & 267 levels by non-stop.

TATA POWER COMP (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels. CIPLA LTD (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels. GRASIM INDS (NSE Cash): Explosive & will zoom. UNITED SPIRITS (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels. DENA BANK (NSE Cash): Explosive & will zoom. IVRCL INFRASTR & PROJECTS (NSE Cash): Explosive & will zoom. SHR RENUKA SUGARS (NSE Cash): Explosive & will zoom. FINANCIAL TECHNOLOGIES (I) (NSE Cash): Explosive & will zoom. MCLEOD RUSSEL (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels. MUNDRA PORT & SEZ (NSE Cash): Explosive & will zoom.

TATA STEEL (NSE Cash): Fall may continue as per technicals. HINDALCO INDS (NSE Cash): No trigger as per my calculations. Bears may get trapped at lower levels. LARSEN & TOUBRO (NSE Cash): No trigger as per my calculations. Bears may get trapped at lower levels.

INVESTMENT BUY:

TATA INVESTMENT (BSE Code: 501301) No trigger for Today's Trading & Bulls may get trapped at higher levels today. But Weekly Chart is excellent and good for 1 Week Holding. Any decline near to yesterday's low of 486.00 can be used to buy. Stop Loss at 486.00.

DABUR (I) (BSE Code: 500096) 1 Day Rally & Technically Uptrend should continue today.

OPTIONS (NSE):

NIFTY 5300 CALL OPTION Sideways trend with negative bias. If unable to cross 102 level, then expect unwinding up to 87 & 88 levels and thereafter it can tumble up to 85 level by non-stop. Above 102 level, expect short covering up to 105 & 106 levels.

RELIANCE 1080 CALL OPTION Sideways trend with positive bias. If unable to break 35 level on down side, then rally may continue up to 43-45 zone by non-stop. Below 35 level, expect unwinding up to 30-32 zone.

STOCK FUTURES (NSE):

DR REDDY FUTURES Sideways trend with positive bias. Above 1222 & 1231 levels, rally may continue up to 1260 level by non-stop. Below 1181 & 1198 levels, expect unwinding up to 1161 level.

	5277.90	( 0.87 %)	45.70
		1	2	3
Resistance		5296.70	5315.50	5342.65
Support		5250.75	5223.60	5204.80

	17686.24		( 0.73 %)	127.51
			1	2	3
Resistance			17758.76	17831.27	17932.77
Support			17584.75	17483.25	17410.74

FUNDS DATA

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	06-Jan-2010	3380.3	2719.75	660.55

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	06-Jan-2010	1564.46	1850.56	-286.1

--
Arvind Parekh
+ 91 98432 32381

Market Outlook 6th Jan 2010

NIFTY FUTURE LEVELS
SUPPORT
5280
5263
5246
5228
RESISTANCE
5295
5313
5329
5334
BHARATI;JPASSO;STER;JINDALSTEEL;RNRL;ESSAROIL;IDFC;NALCO;SAIL;MTNL;HOTELLEELA

Strong Futures
This is list of 10 Strong Futures:

National Alum, Hindalco, Sail Ltd, JSW Steel, Hotel Leela, MTNL, KFA, Tata Steel, Uniphos & Tata Motors.
Weak Futures
This is the list of 10 Weak Futures:

Reliance, GT Offshore, Pir Health, Orchid Chem, Maruti, Hind Uni Lvr, Cipla, Zeel, Ivrcl Infra & HDFC Bank.

Daily trend of the market is Up

 

NIFTY FUTURES (F & O):

 Below 5280 level, expect profit booking up to 5263 level by non-stop.

Hurdle at 5295 level. Above this level, rally may continue up to 5312 & 5313 levels by non-stop.

Cross above 5327-5329 zone, can take it up to 5334 level by non-stop. Supply expected at around this level and have caution.

 

On Negative Side, rebound expected at around 5246-5248 zone. Stop Loss at 5228 level.

 

Short-Term Investors:

Bullish Trend. Stop Loss at 5155.00.

 

Up Side Target at 5339.00.

 

Equity:

BHARTI AIRTEL (NSE Cash)

Recommendation: 

Explosive. At the same time, down side risk also more.

Above 334 level, rally may continue up to 338-340 zone by non-stop.

Support at 325-327 zone. Buy with a Stop Loss of 320-322 zone. Stop Loss is too far on down side.

 

CIPLA LTD (NSE Cash)

Recommendation: 

Sell this scrip. Negative Factor is that, Stop Loss is too far on upper side.

Below 327 & 328 levels, it can tumble up to 317-319 zone by non-stop.

Hurdle at 335 level. Sell with a Stop Loss of 340-342 zone. Stop Loss is too far on upper side.

 

CENTURY TEXTILES (NSE Cash)

Recommendation: 

Sell this scrip. Negative Factor is that, Stop Loss is too far on upper side.

Below 543 level, selling may continue up to 534 level and thereafter it can tumble up to 529-531 zone by non-stop.

Hurdle at 554 level. Sell with a Stop Loss of 558-560 zone. Stop Loss is too far on upper side.

 

JSW ENERGY (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

HINDALCO INDS (NSE Cash):

 No trigger as per my calculations. Bulls will get trapped at higher levels.

 

SATYAM COMPUTER (NSE Cash):

 No trigger as per my calculations. Bulls will get trapped at higher levels.

 

 

GODREJ PROPERTIES (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

JAIPRAKASH ASSOC (NSE Cash): 

Explosive & will zoom.

 

STERLITE INDS (I) (NSE Cash): 

Explosive & will zoom.

 

JINDAL STEEL POW (NSE Cash): 

Explosive & will zoom.

 

ONMOBILE GLOBAL (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

ESSAR OIL (NSE Cash): 

Explosive & will zoom.

 

RELIANCE NATURAL RESOURCES (NSE Cash):

 Explosive & will zoom.

 

IDFC (NSE Cash): 

Explosive & will zoom.

 

CAIRN INDIA (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

GUJ NRE COKE (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

ADANI POWER (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

TATA TEA (NSE Cash): 

No trigger as per my calculations. Bulls will get trapped at higher levels.

 

 RELIANCE INDS (NSE Cash):

Fall may continue as per technicals.

 

MARUTI SUZUKI (NSE Cash): 

Fall may continue as per technicals.

 

INDIABULLS REAL ESTATE (NSE Cash):

 Fall may continue as per technicals.

 

INVESTMENT BUY:

INDIA FOILS (BSE Cash & BSE Code:509684)

Uptrend in Monthly Chart is surprising & Looks positive too.

Good for 1 Month Holding. Stop Loss at 14.11.

 

OPTIONS (NSE):

NIFTY 5300 CALL OPTION

Recommendation: 

No trigger as per my calculations. Side ways trend expected with positive bias.

Below 87 & 93 levels, expect profit booking up to 80-82 zone by non-stop.

Hurdle at 106 level. Above this level, rally may continue up to 109 & 110 levels.

 

TATASTEEL 660 CALL OPTION

Recommendation: 

 

No trigger as per my calculations. Side ways trend expected with positive bias.

 Above 23-25 zone, rally may continue up to 30 level by non-stop.

Support at 16 & 19 levels. Below these levels, expect profit booking up to 12 level by non-stop.

 

STOCK FUTURES (NSE):

NATL ALUM FUTURES

Recommendation: 

No trigger as per my calculations. Side ways trend expected with positive bias.

 Above 501 level, rally may continue up to 521 & 526 levels and thereafter expect a jump up to 530 level by non-stop.

Support at 491 level. Below this level, expect unbelievable target of 448 level and thereafter slide may continue up to 440-442 zone by non-stop.

 

 

SPOT INDEX LEVELS

	5277.90	( 0.87 %)	45.70
		1	2	3
Resistance		5296.70	5315.50	5342.65
Support		5250.75	5223.60	5204.80

	17686.24		( 0.73 %)	127.51
			1	2	3
Resistance			17758.76	17831.27	17932.77
Support			17584.75	17483.25	17410.74

 

FII DATA

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	05-Jan-2010	3337.48	2367.19	970.29

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	05-Jan-2010	1904.87	1604.98	299.89

 

 

--
Arvind Parekh
+ 91 98432 32381