Market Outlook 15th Jan 2010

Strong & Weak futures
This is list of 10 strong futures:
GTL Infra, Bhushan Steel, Sterling Biotech, JSW Steel, MLL, Siemens,
Recltd, Aban Off shore, KS Oils & Grasim.
And this is list of 10 Weak futures: Maruti, HDFC, Hind Uni Lvr, State
Bank Of India, Hero Honda, ICICI Bank, Reliance, Glaxo, GT Offshore &
Syndicate Bank.
Nifty is in Up trend

NIFTY FUTURES (F & O):

Above 5266-5268 zone, rally may continue up to 5277-5279 zone by non-stop.

Support at 5249-5251 zone. Below this zone, expect profit booking up
to 5236-5238 zone and thereafter slide may continue up to 5224-5226
zone by non-stop.

Buy if touches 5213-5215 zone. Stop Loss at 5201-5203 zone.

On Positive Side, cross above 5289-5291 zone can take it up to
5300-5302 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.
Equity:

JSW STEEL (NSE Cash)

Explosive. Do remember that, if breaks & sustains below 1163 & 1170
levels, then it can tumble up to 1152 level by non-stop. Buy at around
this level with a Stop Loss of 1139 level.

Rally up to 1194 & 1200 levels may be possible.

Cross above 1212 & 1218 levels, this scrip will explode up to 1230
level and thereafter expect a jump up to 1237 level by non-stop.

PUNJ LLOYD (NSE Cash)

Explosive. Do remember that, if breaks & sustains below 221 level,
then it can tumble up to 214-216 zone by non-stop. Buy at around this
level with a Stop Loss of 213 level.

Rally up to 225 level may be possible.

Cross above 226-228 zone, this scrip will explode up to 232-234 zone
and thereafter expect a jump up to 237 level by non-stop.

SESA GOA (NSE Cash)

Explosive. Do remember that, if breaks & sustains below 415 level,
then it can tumble up to 408 & 412 levels by non-stop. Buy at around
this level with a Stop Loss of 406 level.

Rally up to 423 & 424 levels may be possible.

Cross above 429-431 zone, this scrip will explode up to 435 level and
thereafter expect a jump up to 440 level by non-stop.

ONGC CORPN (NSE Cash):

Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Week.

ABAN OFFSHORE (NSE Cash):

Bears may get trapped at lower levels during intra-day trades today.
Expect negative news within a Week.

TATA TELESERVICE (NSE Cash):

Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.

UTTAM STEEL (NSE Cash):

Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Month.

GUJ HOTELS (BSE Code:507960):

Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.

GUJ AMBUJA EXPOR (BSE Code:524226):

Bulls may get trapped at higher levels during intra-day trades today.
Expect negative news within a Week.
INVESTMENT BUY:

R S SOFTWARE (BSE Code:517447)

Recommended to buy for a Target of 75.60 within a Week.
Market Buzz:

OPTIONS (NSE):

NIFTY 5300 CALL OPTION

Sideways trend with Negative bias.

Will slide up to 47 level on down side.

If rallies, then expect short covering up to 62 level.

RELIANCE 1110 CALL OPTION

Sideways trend with Positive bias.

Risk is too high, because Stop Loss is too far on down side at
22.00-24.00 zone.

Upward Target at 41.00-43.00 zone.
STOCK FUTURES (NSE):

BHARAT FORGE FUTURES

Explosive. Do remember that, if breaks & sustains below 296 level,
then it can tumble up to 288 & 291 levels by non-stop. Buy at around
this level with a Stop Loss of 287 level.

Rally up to 302-304 zone may be possible.

Cross above 310 & 313 levels, this scrip will explode up to 316 level
by non-stop.

RURAL ELECTRIFICATION CORPORATION FUTURES:

Bulls may get trapped at higher levels during intra-day trades today.
Expect positive news within a Week.

HCL TECH FUTURES:

Bears may get trapped at lower levels during intra-day trades today.
Expect positive news within a Week.

(May not be useful for Day-Traders)

Murli Industries-BUY

Co has reported EPS of 20 And Cash Eps of 43 in H1. 09-10 Eps can be
45 and Cash Eps 90 in current year .Presently, co is in business of:

18mw power plant

Pulp Mill

Writing Paper

Newsprint

Packaging paper

Soya DOC

Refined Oil

Last year, fire had taken place in its paper plant which destroyed its
raw material and finished product. Subsequently 3 months strike took
place last year only. In current year, performance of soya division
has been poor due to poor crop caused by bad monsoon.

3 months back , co has commissioned 80,000 tonnes capacity SBS board
plant which is supposed to be most modern.

Co has bought back FCCB this month which has resulted in saving of
approx 15 cr to the co.

Main trigger: Recently co has commissioned 3 mn tonne cement plant and
50 mw captive power plant at 819 cr only. Equity is just 10 cr.
Hence, 10-11Turnover can be 1600 crs and Eps can be more than Rs
120/.

Co has announced to hold board meeting for stock split and
preferential offer of warrants on

January 18, 2010.

Co wants to set up 3 more cement plants of 3 mn tonne each in North,
East and South.

TECHNICALS:

MURLI INDS (NSE Cash):

As per yesterday's chart, slide may continue up to 313.40 level. Any
rally up to 393.90 can be used to book profits.

(Some forward looking statements on projections, estimates,
expectations & outlook are included to enable a better comprehension
of the Company prospects. Actual results may, however, differ
materially from those stated on account of factors such as changes in
government regulations, tax regimes, economic developments within
India and the countries within which the Company conducts its
business, exchange rate and interest rate movements, impact of
competing products and their pricing, product demand and supply
constraints.

Nothing in this article is, or should be construed as, investment advice).

--
Arvind Parekh
+ 91 98432 32381

Market Outlook 14th Jan 2010

 Strong & Weak  futures

This is list of 10 strong futures:
GTL Infra, MLL, Bhushan Steel, Aban Off shore, KS Oils, Grasim, Jindal Saw, Finance Tech, DCB & Acc Ltd. 
And this is list of 10 Weak futures:
 Maruti, Reliance, HDFC, Hero Honda, Glaxo, State Bank Of India, ICICI Bank, GMR Infra, GT Offshore & Lupin.
Nifty is in Up trend 


NIFTY FUTURES (F & O):
 
Rally may continue up to 5258-5260 zone for time being.

Support at 5220 & 5233 levels. Below these levels, expect profit booking up to 5191-5193 zone and thereafter slide may continue up to 5164-5166 zone by non-stop.

Buy if touches 5137-5139 zone. Stop Loss at 5110-5112 zone.

On Positive Side, cross above 5285-5287 zone can take it up to 5313-5315 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.
Equity:
 
MSK PROJECTS (I) (NSE Cash)

Sideways trend with Positive bias.
 

If does not break 124 level, then traders can buy. Above 126 level, unbelievable levels of 132 & 133 possible and thereafter expect a jump up to 144 & 145 levels.

On Negative Side, slip below 110 & 113 levels, it can tumble up to 105 & 106 levels by non-stop.
 
PTC (I) (NSE Cash)

Sideways trend with Positive bias.
 

If does not break 121 level, then traders can buy. Above 124 & 125 levels, unbelievable target of 130 also possible.

On Negative Side, slip below 118 level, it can tumble up to 114-116 zone by non-stop.
BATA (I) (NSE Cash)

Explosive. But Stop Loss is too far on down side.
 

If does not break 207 level, then traders can buy. Above 211 level, expect unbelievable target of 219 level and thereafter expect a jump up to 222-224 zone.

On Negative Side, slip below 201, it can tumble up to 198 level. Keep a Stop Loss at this level. SL is too far on down side.
GTL INFRASTRUCTURE (NSE Cash): 

Explosive & will zoom. 

ABAN OFFSHORE (NSE Cash): 

Explosive & will zoom. 

JINDAL SOUTH WEST HOLDINGS (NSE Cash): 

No Trigger as per my calculations. Bulls may get trapped at higher levels.

TECH MAHINDRA (NSE Cash): 

Explosive & will zoom. 

BHUSHAN STEEL (NSE Cash): 

Explosive & will zoom. 

MURLI INDS (NSE Cash):

 No Trigger as per my calculations. Bulls may get trapped at higher levels.
 
STERLITE INDS (I) (NSE Cash):

 Fall may continue as per technicals.

HDFC LTD (NSE Cash): 

No Trigger as per my calculations. Bears may get trapped at lower levels.
INVESTMENT BUY:
 
UB ENGG (BSE Code:509992)

Recommended to buy for a Target of 170.00 within a Week.
Market Buzz:

(May not be useful for Day-Traders)

Chanos: Banks, Real Estate, construction and infrastructure-related companies that sell cement, coal, steel and iron ore are prime short candidates!
 
James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.

 

Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.

 

As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China's hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict.

 

Its surging real estate sector, buoyed by a flood of speculative capital, looks like "Dubai times 1,000 -- or worse," he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.

 

"Bubbles are best identified by credit excesses, not valuation excesses," he said in a recent appearance on CNBC. "And there's no bigger credit excess than in China." He is planning a speech later this month at the University of Oxford to drive home his point.

 

As America's pre-eminent short-seller -- he bets big money that companies' strategies will fail -- Mr. Chanos's narrative runs counter to the prevailing wisdom on China. Most economists and governments expect Chinese growth momentum to continue this year, buoyed by what remains of a $586 billion government stimulus program that began last year, meant to lift exports and consumption among Chinese consumers.

 

Still, betting against China will not be easy. Because foreigners are restricted from investing in stocks listed inside China, Mr. Chanos has said he is searching for other ways to make his bets, including focusing on construction- and infrastructure-related companies that sell cement, coal, steel and iron ore.

 

Mr. Chanos, 51, whose hedge fund, Kynikos Associates, based in New York, has $6 billion under management, is hardly the only skeptic on China. But he is certainly the most prominent and vocal.

 

For all his record of prescience -- in addition to predicting Enron's demise, he also spotted the looming problems of Tyco International, the Boston Market restaurant chain and, more recently, home builders and some of the world's biggest banks -- his detractors say that he knows little or nothing about China or its economy and that his bearish calls should be ignored.

 

"I find it interesting that people who couldn't spell China 10 years ago are now experts on China," said Jim Rogers, who co-founded the Quantum Fund with George Soros and now lives in Singapore. "China is not in a bubble."

 

Colleagues acknowledge that Mr. Chanos began studying China's economy in earnest only last summer and sent out e-mail messages seeking expert opinion.

 

But he is tagging along with the bears, who see mounting evidence that China's stimulus package and aggressive bank lending are creating artificial demand, raising the risk of a wave of nonperforming loans.

 

"In China, he seems to see the excesses, to the third and fourth power, that he's been tilting against all these decades," said Jim Grant, a longtime friend and the editor of Grant's Interest Rate Observer, who is also bearish on China. "He homes in on the excesses of the markets and profits from them. That's been his stock and trade."

 

Mr. Chanos declined to be interviewed, citing his continuing research on China. But he has already been spreading the view that the China miracle is blinding investors to the risk that the country is producing far too much.

 

"The Chinese," he warned in an interview in November with Politico.com, "are in danger of producing huge quantities of goods and products that they will be unable to sell."

In December, he appeared on CNBC to discuss how he had already begun taking short positions, hoping to profit from a China collapse.

 

In recent months, a growing number of analysts, and some Chinese officials, have also warned that asset bubbles might emerge in China.

 

The nation's huge stimulus program and record bank lending, estimated to have doubled last year from 2008, pumped billions of dollars into the economy, reigniting growth.

But many analysts now say that money, along with huge foreign inflows of "speculative capital," has been funneled into the stock and real estate markets.

A result, they say, has been soaring prices and a resumption of the building boom that was under way in early 2008 -- one that Mr. Chanos and others have called wasteful and overdone.

"It's going to be a bust," said Gordon G. Chang, whose book, "The Coming Collapse of China" (Random House), warned in 2001 of such a crash.

Friends and colleagues say Mr. Chanos is comfortable betting against the crowd -- even if that crowd includes the likes of Warren E. Buffett and Wilbur L. Ross Jr., two other towering figures of the investment world.

A contrarian by nature, Mr. Chanos researches companies, pores over public filings to sift out clues to fraud and deceptive accounting, and then decides whether a stock is overvalued and ready for a fall. He has a staff of 26 in the firm's offices in New York and London, searching for other China-related information.

"His record is impressive," said Byron R. Wien, vice chairman of Blackstone Advisory Services. "He's no fly-by-night charlatan. And I'm bullish on China."

Mr. Chanos grew up in Milwaukee, one of three sons born to the owners of a chain of dry cleaners. At Yale, he was a pre-med student before switching to economics because of what he described as a passionate interest in the way markets operate.

His guiding philosophy was discovered in a book called "The Contrarian Investor," according to an account of his life in "The Smartest Guys in the Room," a book that chronicled Enron's rise and downfall.

After college, he went to Wall Street, where he worked at a series of brokerage houses before starting his own firm in 1985, out of what he later said was frustration with the way Wall Street brokers promoted stocks.

At Kynikos Associates, he created a firm focused on betting on falling stock prices. His theories are summed up in testimony he gave to the House Committee on Energy and Commerce in 2002, after the Enron debacle. His firm, he said, looks for companies that appear to have overstated earnings, like Enron; were victims of a flawed business plan, like many Internet firms; or have been engaged in "outright fraud."

That short-sellers are held in low regard by some on Wall Street, as well as Main Street, has long troubled him.

Short-sellers were blamed for intensifying market sell-offs in the fall 2008, before the practice was temporarily banned. Regulators are now trying to decide whether to restrict the practice.

Mr. Chanos often responds to critics of short-selling by pointing to the critical role they played in identifying problems at Enron, Boston Market and other "financial disasters" over the years.

"They are often the ones wearing the white hats when it comes to looking for and identifying the bad guys," he has said.

Technicals:

S&P CNX NIFTY Forecast (Spot):

1 Day outlook is Bullish, but risk is too high.

2 Days outlook is Bullish.

3 Days outlook is Bullish.

4 Days outlook is Bullish.

&

5 Days outlook is Bullish.
 

(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice).
OPTIONS (NSE):
NIFTY 5200 CALL OPTION

Sideways trend with Positive bias.
 

Risk is too high, because Stop Loss is too far on down side at 77-79 zone.

Upward Target at 114-116 zone.
TATA STEEL 640 CALL OPTION

Sideways trend with Positive bias.
 

Risk is too high, because Stop Loss is too far on down side at 10.00-12.00 zone.

Upward Target at 22.00-24.00 zone.
STOCK FUTURES (NSE):
 
ACC FUTURES

Explosive. But Stop Loss is too far on down side.
 

If does not break 939 level, then traders can buy. Rally may continue up to 958 & 959 levels and thereafter it can zoom up to 969 level. Cross above 1003 & 1013 levels (Unbelievable, because too far on upper side), it can jump up to 1019-1021 zone by non-stop.

On Negative Side, break below 904 level (Unbelievable, because this support is too far on down side), slide may continue up to 895 level. Keep a Stop Loss at 891 level and buy. SL is too far on down side.
 
GTL FUTURES:

 No Trigger as per my calculations. Bulls may get trapped at higher levels.

FIRSTSOURCE SOLUTIONS FUTURES:

Explosive & will zoom. 

PETRONET LNG FUTURES: 

Explosive & will zoom.
 
LANCO INFRATECH FUTURES: 

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

INDIA INFOLINE FUTURES: 

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

M & M FUTURES: 

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

--
Arvind Parekh
+ 91 98432 32381

Market Outlook 13th Jan 2010

 Strong & Weak futures 

 This is list of 10 strong futures: 

Aban Off shore, National Alum, Bhushan Steel, Hindalco, MLL, Finance Tech,

Pantaloon Retail, Grasim, KS Oils & Essar Oil. 

 And this is list of 10 Weak futures: 

Maruti, Reliance, GT Offshore, TCS, HDFC, Bajaj Auto, Infosys Tech,

Mphasis, Hero Honda & HCL Tech. 

 Nifty is in Up trend  

 

NIFTY FUTURES (F & O):

Below 5199-5201 zone, selling may continue up to 5190 level and thereafter slide may continue up to 5167-5169 zone by non-stop.  Hurdles at 5219 & 5231 levels. Above these levels, expect short covering up to 5263-5265zone and thereafter expect a jump up to 5295-5297 zone by non-stop.  Cross above 5306-5308 zone can take it up to 5337-5339 zone by non-stop. Supply expected at around this zone and have caution.  On Negative Side, rebound expected at around 5156-5158 zone. Stop Loss at 5124-5126zone.

Short-Term Investors:

Bullish Trend. Stop Loss at 5155.00.  Up Side Target at 5339.00.

Equity:

MADHUCON PROJECTS (NSE Cash)  Sideways trend with Positive bias.    If stays at above 181 level, then traders can buy. Above 185 level, rally may continue up to189-191 zone by non-stop.  Slip below 176 level, can take it up to 173 level. Keep a Stop Loss at this level and buy. SL is too far on down side.

STERLITE TECHNOLOGIES (NSE Cash)  Sideways trend with Positive bias.    If stays at above 382-384 zone, then traders can buy. Above 391 level, it can zoom up to398 & 402 levels and thereafter expect a jump up to 415 & 419 levels by non-stop.  Slip below 378 level, expect unbelievable profit booking up to 365 level. Buy near this level with a Stop Loss of 361 level.

BHARTI SHIPYARD (NSE Cash)  Sideways trend with Positive bias.    If stays at above 309 level, then traders can buy. Above 316 level, it can zoom up to 325-327zone by non-stop.  Slip below 304 level, can take it up to 301 level. Keep a Stop Loss at this level and buy. SL is too far on down side.

INFOSYS TECHNOLO (NSE Cash):   Explosive & will zoom.  TCS (NSE Cash):   Explosive & will zoom.  THINKSOFT GLOBAL SERVICES (NSE Cash):   Explosive & will zoom.  MAHINDRA & MAHIN (NSE Cash):   Explosive & will zoom.  MAYTAS INFRA (NSE Cash):   No trigger as per my calculations. Bulls will get trapped at higher levels.  DISH TV (I) (NSE Cash):   No trigger as per my calculations. Bulls will get trapped at higher levels.  CROMPTON GREAVES (NSE Cash):   No trigger as per my calculations. Bulls will get trapped at higher levels.

STATE BANK (NSE Cash):  Fall may continue as per technicals.  TATA STEEL (NSE Cash):   Fall may continue as per technicals.  UNITECH (NSE Cash):  Fall may continue as per technicals.

INVESTMENT BUY:

CLUTCH AUTO (BSE Code:505052)    Recommended to buy for a Target of 99.80 within a Week.

Market Buzz:  (May not be useful for Day-Traders)  Tantia Construction-A Play On The Growth Of Indian Railways

Railway Projects Awarded To Tantia Constructions During FY09-10   1.Tantia Constructions Ltd has informed BSE that the Company has received a prestigious project from Northern Railway, Headquarters Office, Delhi in the name of TANTIA-CCTL (JV) for Construction of 1.80 Kms. long tunnel on realigned path and carrying out reprofiling work in balance length of existing Tunnel No. 1 including blanketing, earthwork & construction of side drain etc. in Zone E-2 between Tunnel no. 1 Katra end to Road Over Bridge Sambal on Udhampur- Katra section in connection with Udhampur- Srinagar- Baramulla Rail Link for worth Rs. 91,73,56,721.19 (Rupees ninety one crores seventy three lacs fifty six thousand seven hundred twenty one and paise nineteen only).   2.Tantia Constructions Ltd has informed BSE that the Company has received a prestigious project for Construction of Road under Bridge near existing Railway level X-ing near Mundka No. 16 on Delhi- Bhatinda Section From Municipal Corporation of Delhi for worth Rs. 34,62,47,617/- (Rupees Thirty Four crore Sixty two lakh forty seven thousand and six hundred seventeen only).   3. Tantia Constructions Ltd has informed BSE that the Company has received a prestigious project from Eastern Railway, Constructions Department Kolkata in the name of TANTIA-EDCL (JV) for earthwork in filing with required compaction in Rly. embankment, approach road/ back filing of platform wall etc., blanketing, turfing, construction of Minor Bridges etc. and other misc. works from Haripal Station (excluding Haripal Yard) to Tarkeswar Station (excluding yard) in connection with double line from Seoraphuli to Tarkeswar for worth Rs. 19,50,45,328.66 (Rupees Nineteen crore fifty lakh forty five thousand three hundred twenty eight and paise sixty six only).   4.Tantia Constructions Ltd has informed BSE that the Company has received a prestigious project from Government of Meghalaya on September 24, 2009 for Construction of 2 stages Raw Water Pumping System, Augmentation of the capacity of the existing water treatment plant, Laying of Clear Water Gravity Main and Feeder Main pipelines and Construction of Clear Water Pumping System for worth Rs. 51,40,00,000 (Rupees Fifty One Crore Forty Lakh only).   5."Construction of high level pre stressed Concrete Bridge over River Tlawng in the state of Mizoram worth Rs 6,99,51,553.00 (Rupees Six Crores Ninety Nine Lakhs Fifty One Thousand Five Hundred Fifty Three Only)."   6.Construction of high level pre stressed Concrete Bridge over River Tut in the state of Mizoram worth Rs 10,80,00,000.00 (Rupees Ten Crores Eighty Lakhs Only).   7.Construction of Steel Super-structure of the new Rail bridge, as a replacement of the existing Jubilee Bridge across River Hooghly in between Naihati - Bandel section of Eastern Railway worth Rs 140,23,96,254.04 (Rupees One Hundred Forty Crore Twenty Three Lakhs Ninety Six Thousand Two Hundred Fifty Four and Paise Four Only.   8.Acceptance-Cum-Work order for the work of "Design, construction, commissioning, operation and Maintenance of 14 MLD Sewage Treatment Plant on Turn-key basis at Action Area - IIB in New Town Kolkata Project" worth Rs 13,50,00,000.00 (Rupees Thirteen Crores Fifty Lakhs Only).   9.Construction of Bridge over River Damodar in Bowichandi - Khana section of BDR Gauge Conversion Project of SE Railway in the jurisdiction of Dy.CE/Con./Barddhaman for South Eastern Railway, Office of the Chief Administrative Officer (Con), Garden Reach, Kolkata - 700 043 worth Rs 58,15,93,33.    Technicals For TANTIA CONSTRUCTIONS (NSE Cash):  If current uptrend continues, then it can touch 176.20 level on (or) before 15.01.2010.  Negative Factors is that, Stop Loss is too far on down side at 116.90.    (Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice).

OPTIONS (NSE):

NIFTY 5200 PUT OPTION  Sideways trend with Positive bias.    Risk is too high, because Stop Loss is too far on down side at 58-60 zone.  Upward Target at 105-107 zone.

RELIANCE 1095 PUT OPTION  Sideways trend with Positive bias.    Risk is too high, because Stop Loss is too far on down side at 22.00-24.00 zone.  Upward Target at 48.00-50.00 zone.

STOCK FUTURES (NSE):

WIPRO FUTURES   Sideways trend with Positive bias.    If stays at above 687 level, then traders can buy. Above 701 & 704 levels, it can zoom up to711 & 716 levels and thereafter expect a jump up to 723 level by non-stop.  Slip below 682 level, expect unwinding up to 675 level. Keep a Stop Loss at 666-668 zone and buy. Stop Loss is too far on down side.

HCL TECH FUTURES:   No trigger as per my calculations. Bulls will get trapped at higher levels.  TATA COMMUNICATIONS FUTURES:   Explosive & will zoom.  BAJAJ AUTO FUTURES:   Explosive & will zoom.

MTNL FUTURES:   Fall may continue as per technicals.  IDEA CELLULAR FUTURES:   Fall may continue as per technicals.  INDIABULLS REAL ESTATES FUTURES:   Fall may continue as per technicals.

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."

spot levels

	5210.40	( -0.74 %)	-39.00
		1	2	3
Resistance		5273.62	5336.83	5373.17
Support		5174.07	5137.73	5074.52

	17422.51		( -0.59 %)	-104.20
			1	2	3
Resistance			17558.82	17695.14	17778.27
Support			17339.37	17256.24	17119.92

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	12-Jan-2010	2903.43	3266.19	-362.76

 

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	12-Jan-2010	1920.05	1465.19	454.86

 

--
Arvind Parekh
+ 91 98432 32381

 

Market Outlook 12th Jan 2010

Strong & Weak futures

This is list of 10 strong futures:

Aban Off shore, National Alum, Bhushan Steel, Hindalco, MLL, Finance Tech, Pantaloon Retail, Grasim,

KS Oils & Essar Oil.

And this is list of 10 Weak futures:

Maruti, Reliance, GT Offshore, TCS, HDFC, Bajaj Auto, Infosys Tech, Mphasis,

Hero Honda & HCL Tech.

Nifty is in Up trend

NIFTY FUTURES (F & O):

Above 5266 & 5270 levels, rally may continue up to 5287-5289 zone and thereafter expect a jump up to 5305-5307 zone by non-stop. Support at 5242-5244 zone. Below this zone, expect profit booking up to 5238 level and thereafter unwinding may continue up to 5224-5226 zone by non-stop. Buy if touches 5219-5221 zone. Stop Loss at 5201-5203 zone. On Positive Side, cross above 5311-5313 zone can take it up to 5328-5330 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.

Equity:

SESA GOA (NSE Cash) Explosive. Stop Loss is too far on down side. Above 418 & 421 levels, it can zoom up to 427-429 zone by non-stop. Support at 410 level. Buy with a Stop Loss of 405 level. Stop Loss is too far on down side.

JSW ENERGY (NSE Cash) Explosive. Stop Loss is too far on down side. If does not break 119 level then traders can buy. Above 121 & 122 levels, it can zoom up to unbelievable target of 126-128 zone and thereafter expect a jump up to 134-136 zone. On Negative Side, below 115 level, expect unwinding up to 113 level. Keep a Stop Loss at this level. Stop Loss is too far on down side.

INFOSYS TECHNOLO (NSE Cash) Explosive & down side risk also more. Above 2506 level, rally may continue up to 2515 & 2520 levels and thereafter expect a jump up to 2537 level by non-stop. Support at 2474 level. Below this level, expect unwinding up to 2459 & 2465 levels and thereafter slide may continue up to 2442 level. What will happen on (or) before 15.01.2010? This company is set to announce Quarterly Results today. Sideways pattern expected on (or) before 15.01.2010. This scrip will oscillate between 2264.65 level to 2714.65 level on (or) before 15.01.2010.

ABG SHIPYARD (NSE Cash): Explosive & will zoom. SANWARIA AGRO OILS (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels. JAYASWALS NECO (NSE Cash): Explosive & will zoom. BHARTI SHIPYARD (NSE Cash): Explosive & will zoom. JBM AUTO COMPONENTS LTD (NSE Cash): No trigger as per my calculations. Bulls will get trapped at higher levels.

TRENT LTD (NSE Cash): Fall may continue as per technicals. SUTLEJ TEXTILES & INDS (NSE Cash): No trigger as per my calculations. Bears may get trapped at lower levels. RELIANCE INDS (NSE Cash): No trigger as per my calculations. Bears may get trapped at lower levels.

INVESTMENT BUY:

POLY MEDICUR (BSE Code:531768) Positives about this scrip: If uptrend continues, then it can touch 204.70 for today's trading & even 218.70 on (or) before 15.01.2010. Negatives about this scrip: Stop Loss is too far on down side. Today's Stop Loss is at 142.70. Too far on down side. Coming 4 Day's Stop Loss is at 128.70. Too far on down side.

High Risk & High Return: Store One Retail (NSE Cash) Explosive. But Stop Loss is too far on down side at 32.75.

Information & Technology Stocks: INFOSYS is set to announce Quarterly Results today: HCL Technologies Ltd & Tata Consultancy Services Ltd went up yesterday with high volumes. Small Cap IT Stocks went up with high volumes yesterday are: R Systems International Ltd. TVS Electronics Ltd. AXIS-IT&T Ltd. Pan India Corporation Ltd. Quintegra Solutions Ltd. Megasoft Ltd. Thinksoft Global Services Ltd. Smartlink Network Systems Ltd. 3i Infotech Ltd. Hinduja Ventures Ltd. Prithvi Information Solutions Ltd. Zenith Computers Ltd. Geometric Ltd. Melstar Information Technology Ltd. Usha Martin Education & Solutions Ltd. Core Projects & Technologies Ltd. Helios and Matheson Information Technology Ltd. Kale Consultants Ltd. LCC Infotech Ltd. Mastek Ltd. Teledata Technology Solutions Ltd. IOL Netcom Ltd. Computech International Ltd. Take Solutions Ltd. Northgate Technologies Ltd. Excel Infoways Ltd. GSS America Infotech Ltd. Dynacons Systems & Solutions Ltd. Trigyn Technologies Ltd. ICSA-India Ltd. Allsec Technologies Ltd. Tricom India Ltd. Tulip Telecom Ltd & California Software Company Ltd. Notable Loser with high volumes is Wipro Ltd. Small Cap IT Stocks went down with high volumes yesterday are: Subex Ltd. Vishal Information Technologies Ltd. Moser Baer India Ltd. Logix Microsystems Ltd & Visesh Infotecnics Ltd. No gain & No loss Nucleus Software Exports Ltd.

OPTIONS (NSE):

NIFTY 5300 CALL OPTION Trend is sideways with Negative bias for today. Above 57-59 zone, there is a chance of relief rally up to 91 level also possible. What will happen before Friday? It may touch unbelievable target of 105 level on (or) before 15.01.2010. Do remember that, it should not be allowed to break & sustain below 64 level at any cost.

MTNL 90 CALL OPTION Trend is sideways with Positive bias for today. Above 1.40 level, it can touch 3.75 level. What will happen before Friday? It may touch unbelievable target of 5.15 level on (or) before 15.01.2010. Do remember that, it should not be allowed to break & sustain below 1.40 level at any cost.

STOCK FUTURES (NSE):

AXIS BANK FUTURES Explosive. Stop Loss is too far on down side. Above 1058 & 1063 levels, rally may continue up to 1070 level and thereafter expect a jump up to 1087 level by non-stop. Support at 1029 & 1037 levels. Buy with a Stop Loss of 1017 level. Stop Loss is too far on down side.

GREAT EASTERN SHIPPING CO FUTURES: No trigger as per my calculations. Bulls will get trapped at higher levels. MERCATOR LINES FUTURES: Explosive & will zoom. RURAL ELECTRIFICATION CORPORATION FUTURES: Explosive & will zoom.

PTC INDIA FUTURES: Fall may continue as per technicals. IFCI FUTURES: Fall may continue as per technicals. LUPIN FUTURES: Fall may continue as per technicals.

spot levels

	5249.40	( 0.09 %)	4.65
		1	2	3
Resistance		5281.80	5314.20	5341.20
Support		5222.40	5195.40	5163.00

	17526.71		( -0.08 %)	-13.58
			1	2	3
Resistance			17701.92	17877.14	17977.70
Support			17426.14	17325.58	17150.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	11-Jan-2010	5973.59	2932.03	3041.56

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	11-Jan-2010	1674.68	1352.22	322.46

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Arvind Parekh
+ 91 98432 32381