Market Outlook 19th Feb 2010

Strong & Weak 

This is list of 10 strong : Titan, Chambal Fert, Nagarjuna Fertil, Siemens, Bank of Baroda, Axis Bank, Bhushan Steel, Jindal Saw, Cummins India & Indusind Bank.  

And this is list of 10 Weak: Bajaj Hind, Suzlon, Recltd, ICSA, Balrampur Chini, Renuka, DLF, Praj Ind, Bharti Airtel & GMR Infra.

Nifty is in Up trend 

	4887.75	( -0.53 %)	-26.25
		1	2	3
Resistance		4915.30	4942.85	4963.65
Support		4866.95	4846.15	4818.60

	16327.84		( -0.62 %)	-101.07
			1	2	3
Resistance			16424.51	16521.18	16589.85
Support			16259.17	16190.50	16093.83

 

NIFTY FUTURES (F & O):

Above 4904 level, expect short covering up to 4920-4922 zone and thereafter expect a jump up to 4935-4937 zone by non-stop. 

Support at 4877-4879 zone. Below this zone, selling may continue up to 4873 level and thereafter slide may continue up to 4861-4863 zone by non-stop. 

Below 4856-4858 zone, expect panic up to 4840-4842 zone by non-stop. 

On Positive Side, cross above 4940-4942 zone can take it up to 4956-4958 zone by non-stop. Supply expected at around this zone and have caution.

Short-Term Investors:

Bearish Trend. 

Down Side Target at 4424.10. 

Stop Loss at 4949.90.

Equity:

HDFCBANK (NSE Cash) 

Buy for Intra-Day Gains.  

Target at 1731.00 level. 

Stop Loss at 1651 level.

BOMDYEING (NSE Cash) 

Buy for Intra-Day Gains.  

Target at 601.00 level. 

Stop Loss at 525 level.

INFOSYSTCH (NSE Cash) 

Buy for Intra-Day Gains.  

Target at 2584.00 level. 

Stop Loss at 2486 level.

 

BPCL (NSE Cash): 

 Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 11 days. 

IOC (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days. 

NAGARFERT (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 6 days.  

TATACHEM (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.  

MAX (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days.

OPTIONS (NSE):

NIFTY 4900  PUT OPTION 

Book Profits. 

If rally continues, then rally may be capped upside at around 85 level. 

Support at 23 level. If profit booking starts, then it can slide up to this level.

RELIANCE 1000 PUT OPTION 

Excellent move by Bulls. They will continue to dominate today also. 

If rally continues, then rally may be capped upside at around 41 level. 

Support at 5 level. If profit booking starts, then it can slide up to this level.

STOCK FUTURES (NSE):

IBREALEST FUTURES  

 

Fallen heavily. But yesterday's fall was below expectations. This scrip should have fallen more. Bearish Trend should continue today also. 

Sell with a Stop Loss of 176 level for Intra-Day Gains. Target at 151 level.

RENUKA FUTURES  

Yesterday's fall was totally surprising. Bulls should have dominated & Instead Bears dominated. No Clear Trend for Today. Bulls will stage a comeback on (or) before expiry. 

Sell with a Stop Loss of 192 level with a Target of 174 level. Down side may be limited up to 166 level on (or) before expiry. 

Stop Loss up to expiry should be at around 202 level.

activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	18-Feb-2010	1791.04	2142.21	-351.17

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	18-Feb-2010	829.52	952.19	-122.67

INVESTMENT VIEW

Abbott Labs-BSE 500488  

Lowest PE MNC Pharma Play at 13XFY11, TGT Rs 1200

 

Abbott India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from March 05, 2010 to March 12, 2010 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on March 12, 2010. 

Revenues FY10 Rs 767 crore (Rs 675 crore)

PAT FY10 Rs 77 crore (Rs 62 crore)

EPS Rs 57 (Rs 44)

Dividend Rs 17 (Rs 17)

PE 14.7 

(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.)

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

Market Outlook 18th Feb 2010

Strong & Weak  Stocks

This is list of 10 strong : 

Titan, Jindal Saw, Bhushan Steel, Siemens, Bajaj Auto, McDowell-N, GTL Infra, Mphasis, Lupin & Cummins India.  

And this is list of 10 Weak stocks: 

Bharti Airtel, Recltd, DLF, ICSA, Bajaj Hind, Suzlon, IOB, EKC, Tata Comm & TTML.

Nifty is in Up trend  

	4914.00	( 1.20 %)	58.25
		1	2	3
Resistance		4943.27	4972.53	5015.37
Support		4871.17	4828.33	4799.07

	16428.91		( 1.25 %)	202.23
			1	2	3
Resistance			16530.23	16631.55	16782.21
Support			16278.25	16127.59	16026.27

NIFTY FUTURES (F & O):

 Above 4913-4915 zone, rally may continue up to 4925 level by non-stop. 

Support at 4893 & 4897 levels. Below these levels, expect profit booking up to 4872-4874 zone and thereafter slide may continue up to 4854-4856 zone by non-stop. 

Buy if touches 4822-4824 zone. Stop Loss at 4804-4806 zone. 

On Positive Side, cross above 4944-4946 zone can take it up to 4963-4965 zone by non-stop. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:

 Bearish Trend. 

Down Side Target at 4424.10. 

Stop Loss at 4949.90. 

We are trading near Stop Loss level. We should believe that Stop Loss won't triggered. If triggered & closes 4949.90 level by consecutive 3 days then expect short covering up to 5212.80 level by non-stop.

Equity:

BHARTIARTL (NSE Cash) 

Buy for Intra-Day Gains.  

Target at level 298.00. 

Stop Loss at 271 level.

SBIN (NSE Cash) 

Buy for Intra-Day Gains.  

Target at level 2000.00. 

Stop Loss at 1927 level.

AXISBANK (NSE Cash) 

Buy for Intra-Day Gains.  

 Target at level 1118.00. 

Stop Loss at 1032 level.

 HINDALCO (NSE Cash): 

 Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 11 days. 

ONMOBILE (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days. 

RANBAXY (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days. 

WIPRO (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 10 days. 

JAICORPLTD (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.

OPTIONS (NSE):

NIFTY 4900  CALL OPTION 

Bulls were on Target Yesterday. No Clear Trend for Today. 

If rally continues, then rally may be capped upside at around 82 level. 

Support at 52 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 580 CALL OPTION 

Excellent move by Bulls. No Clear Trend for Today. 

If rally continues, then rally may be capped upside at around 25 level. 

Support at 4 level. If profit booking starts, then it can slide up to this level.

STOCK FUTURES (NSE):

ABAN FUTURES  

Buy with a Stop Loss of 1221 level for Intra-Day Gains. Target at 1346 level.

EDUCOMP FUTURES  

Bulls dominated & they have beaten expectations on yesterday. Bullish Trend may continue for today & they may continue to dominate on (or) before expiry also. 

 Buy with a Stop Loss of 665 level with a Target of 737 level. Upside may be capped up to 766 level on (or) before expiry.  

Stop Loss up to expiry should be at around 636 level.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	17-Feb-2010	2371.45	1851.23	520.22

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	17-Feb-2010	1159.07	961.93	197.14

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

Market Outlook 17th Feb 2010

Strong & Weak  stocks

This is list of 10 strong 

Titan, India Cement, Ambuja Cement, Jindal Saw, BEL, GTL Infra, Bhushan Steel, Siemens, Mphasis & Chambal Fert.  

And this is list of 10 Weak 

IOB, EKC, DLF, Tata Comm, Bank Of India, Recltd, Renuka, ICSA, Bajaj Hind & Bharti Airtel.

Nifty is in Up trend  

	4855.75	( 1.12 %)	53.80
		1	2	3
Resistance		4893.38	4931.02	4982.03
Support		4804.73	4753.72	4716.08

	16226.68		( 1.17 %)	188.33
			1	2	3
Resistance			16350.95	16475.22	16640.05
Support			16061.85	15897.02	15772.75

NIFTY FUTURES (F & O):

Above 4866 level, rally may continue up to 4877 level and thereafter expect a jump up to 4903-4905 zone by non-stop. 

Support at 4831 & 4855 levels. Below these levels, expect profit booking up to 4789-4791 zone and thereafter slide may continue up to 4750-4752 zone by non-stop. 

Buy if touches 4736-4738 zone. Stop Loss at 4697-4699 zone. 

On Positive Side, cross above 4917-4919 zone can take it up to 4956-4958 zone by non-stop. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:

Bearish Trend. 

Down Side Target at 4424.10. 

Stop Loss at 4949.90.

Equity:

RELIANCE (NSE Cash) 

Buy for Intra-Day Gains. Target at level 1039.00. 

Stop Loss at 992 level.

DLF (NSE Cash) 

Buy for Intra-Day Gains. Target at 321.00 level. 

Stop Loss at 303.00 level.

ICICIBANK (NSE Cash) 

Buy for Intra-Day Gains. Target at 876.00 level. 

Stop Loss at 812.00 level.

LT (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 2 days. 

NFL (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 4 days. 

BOMDYEING (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days. 

IVRCLINFRA (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 5 days. 

ALOKTEXT (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 2 days.

OPTIONS (NSE):

NIFTY 4800  CALL OPTION 

Surprise move by Bulls & Bears got stunned. Consolidation needed & Bulls should not get excited. 

If rally continues, then rally may be capped upside at around 143 level. 

Support at 73 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 560 CALL OPTION 

Excellent move by Bulls. Technically Bulls should continue to dominate. 

 

If rally continues, then rally may be capped upside at around 21 level. 

Support at 4 level. If profit booking starts, then it can slide up to this level. 

STOCK FUTURES (NSE):

RANBAXY FUTURES  

Buy with a Stop Loss of 406 level for Intra-Day Gains.  

Target at 474 level.

PUNJLLOYD FUTURES  

 Bears got trapped & Bulls done a magic. Bullish Trend may continue for today & No Clear Trend up to expiry. 

 

Buy with a Stop Loss of 173 level with a Target of 198 level. Upside may be capped up to 202 level on (or) before expiry. That will be disappointing. 

Stop Loss up to expiry should be at around 170 level.

 

Ford India to launch compact Figo in March 

India unsure of 3G auction by March; deficit eyed 

India cbank head says can't target inflation 

Bharti's $9 Billion Zain Deal Signals Revival in Indian Foreign Investment 

Indian Asset Sales 'Big Rigamarole' for Foreign Funds 

Indian Sugar Mills Delay Imports as Prices Decline, Sucden Says 

Sugar mills in India, the world's biggest consumer, have slowed imports as decline in domestic prices to the lowest in more than a month has made purchases unprofitable, according to broker Sucden India Pvt.. 

Tata Steel Group Profit Falls on Weak European Demand 

Bharti Considers $5 Billion Rights Issue, Times of India Reports 

Bharti Bid May Revive Indian Appetite for Overseas Takeovers 

Indian Rupee Rises on Optimism Budget Will Unveil Asset Sales 

India's rupee strengthened to the strongest level in more than a week on optimism the government will unveil plans to spur investment and economic growth in its budget due to be released on Feb. 26. 

 

Obama ups nuclear investment for climate fight

Obama stimulus plan halted economic freefall, White House

Prominent hedge funds jumping into financials

Buffett's Berkshire cuts Conoco, J&J, P&G stakes

Credit card delinquency rates level off

Simon Property offers $10 billion for General Growth

EU tells Greece more deficit cuts may be needed

Goldman Sachs, Greece Didn't Disclose Swap, Leaving Bond Buyers `Fooled'

China Cuts U.S. Treasury Holdings by Most in Decade; Japan Buys More Debt

U.S. probing HSBC?

Obama to Sign Order for Commission to Tackle Deficit

Soros Boosted Stakes in AT&T, Hess, Ford

Blackberry Maker RIM Warns of Bandwidth Crisis

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	16-Feb-2010	1697.46	1311.74	385.72

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	16-Feb-2010	988.97	1441.71	-452.74

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

Market Outlook 16th Feb 2010

Strong & Weak  futures 

This is list of 10 strong future: 

Titan, Chennai Petro, Lupin, Hero Honda Bhushan Steel, Bajaj Auto, Jindal Saw, India Cement, Chambal Fert & BRFL.  

And this is list of 10 Weak futures: 

Baja Hind, Renuka, ICSA, DLF, Ranbaxy, Bharti Airtel, Recltd, Tata Comm, GMR Infra & National Alum.

Nifty is in Down trend  

	4801.95	( -0.52 %)	-24.90
		1	2	3
Resistance		4837.07	4872.18	4898.77
Support		4775.37	4748.78	4713.67

	16038.35		( -0.71 %)	-114.24
			1	2	3
Resistance			16172.99	16307.62	16388.21
Support			15957.77	15877.18	15742.55

NIFTY FUTURES (F & O): 

Below 4789-4791 zone, selling may continue up to 4783 level and thereafter slide may continue up to 4765-4767 zone by non-stop. 

Hurdles at 4806 & 4818 levels. Above these levels, expect short covering up to 4842-4844 zone and thereafter expect a jump up to 4866-4868 zone by non-stop. 

Cross above 4874-4876 zone, can take it up to 4897-4899 zone by non-stop. Supply expected at around this zone and have caution. 

On Negative Side, rebound expected at around 4757-4759 zone. Stop Loss at 4734-4736 zone.

Short-Term Investors:

Bearish Trend. 

Down Side Target at 4424.10. 

Stop Loss at 4949.90.

Equity:

UNITECH (NSE Cash) 

Buy for Intra-Day Gains. Target at 79.10 level. 

Stop Loss at 71.90 level.

JSWSTEEL (NSE Cash) 

Buy for Intra-Day Gains. Target at 1052.00 level. 

Stop Loss at 980.00 level.

INFOSYSTCH (NSE Cash) 

Buy for Intra-Day Gains.Target at 2577.00 level. 

Stop Loss at 2405.00 level.

IBREALEST (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days. 

SREINTFIN (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 9 days. 

HCC (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 8 days. 

ROLTA (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days. 

PRAKASH (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.

OPTIONS (NSE):

NIFTY 4800  PUT OPTION 

Closed Positively & No Clear Trend for Tuesday. 

If rally continues, then rally may be capped upside at around 103 level. 

Support at 68 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 520 PUT OPTION 

Sideways Trend with negative bias. If selling continues, then it may continue up to 8 level by non-stop. 

If short covering starts, then it can zoom up to 14 level by non-stop.

STOCK FUTURES (NSE):

BHARTIARTL FUTURES  

Sell with a Stop Loss of 312 level for Intra-Day Gains.  

Target at 256 level.

BANKINDIA FUTURES  

If selling continues, then it can tumble up to 307 level today & expect further fall up to 292 level on (or) before expiry. 

If short covering starts, then it can zoom up to 344 level today & expect a jump up to 358 level by non-stop on (or) before expiry.

 

Bharti's Mittal redials Africa as India growth slows 

Future Group eyes tie-up, unit IPO 

State Bank of India May Acquire Stake in Tata Unit, Mint Reports 

State Bank of India may acquire a 49 percent stake in Tata Motors Finance Ltd., the vehicle financing unit of Tata Motors Ltd., Mint newspaper reported, citing two people familiar with the development that it didn't name because the deal hasn't been finalized. 

Ballarpur Bids $200 Million for GS Paper, Economic Times Reports 

India Inflation Accelerates to 15-Month High of 8.56%

 

Eurozone gives Greece 30 days to show good on deficit

Fed sees paper loss on Bear portfolio: report

Obama to announce loan help for nuclear power

JPM near $1.7 billion deal on RBS Sempra units: report

Greece's Goldman Swaps Spawn Debate About Whether EU Knew of Hidden Debts

Dubai World eyes payment plans

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	15-Feb-2010	1659.38	1463.39	195.99

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	15-Feb-2010	601.93	715.9	-113.97

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

Market Outlook 11th Feb 2010

Strong & Weak  Stocks

This is list of 10 strong Stocks:

Titan, Lupin, Asian Paint, Dabur, BRFL, JindalSaw, Chambal Fert, Triveni, Auropharma & OBC. 

And this is list of 10 Weak Stocks: 

Baja Hind, Renuka, ICSA, DLF, Orchid Chem, Tata Steel, Ranbaxy, KFA, Punj Llyod & GMR Infra.

Nifty is in Down trend  

	4757.20	( -0.74 %)	-35.45
		1	2	3
Resistance		4806.67	4856.13	4885.42
Support		4727.92	4698.63	4649.17

	15922.17		( -0.75 %)	-120.01
			1	2	3
Resistance			16078.20	16234.22	16327.32
Support			15829.08	15735.98	15579.96

NIFTY FUTURES (F & O): 

Selling may continue up to 4728-4730 zone for time being. 

Hurdles at 4761 & 4771 levels. Above these levels, expect short covering up to 4802-4804 zone and thereafter expect a jump up to 4834-4836 zone by non-stop. 

Cross above 4865-4867 zone, can take it up to 4896-4898 zone by non-stop. Supply expected at around this zone and have caution. 

On Negative Side, rebound expected at around 4697-4699 zone. Stop Loss at 4665-4667 zone.

Short-Term Investors:

Bearish Trend. 

Down Side Target at 4424.10. 

Stop Loss at 4949.90.

Equity:

HMT (NSE Cash) (1 Week Holding) 

Looks good in Weekly Chart. It crossed all resistance levels in Weekly Chart, as per my formula. 

Target as per Weekly Chart is at around 110 level.  

Stop Loss is at 93 level.

THINKSOFT (NSE Cash) (1 Week Holding) 

Looks good in Weekly Chart. It crossed all resistance levels in Weekly Chart, as per my formula. 

Target as per Weekly Chart is at around 565 level. 

Stop Loss is at 501 level.

 

HDFCBANK (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 3 days. 

IBREALEST (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 6 days. 

HINDCOPPER (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 6 days. 

HINDPETRO (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 5 days. 

BPCL (NSE Cash):  

Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days. 

OPTIONS (NSE):

NIFTY 4700  PUT OPTION 

Explosive. If rally continues, then it may continue up to 125 level by non-stop. 

If profit booking starts, then it can slide up to 56 level by non-stop. 

Support Levels: 61,67 & 76 levels. 

Resistance Levels: 93,94,104,107 & 118 levels.

TATASTEEL 540 PUT OPTION 

Explosive. If rally continues, then it may continue up to 52 level by non-stop. 

If profit booking starts, then it can slide up to 21 level by non-stop.

STOCK FUTURES (NSE):

SUNTV FUTURES  

Sentiment is weak. No trend, as per technicals. 

 

If selling continues, then it may continue up to 334 level by non-stop. 

If short covering starts, then expect a jump up to 411 level by non-stop. 

 

Resistance Levels: 376,402 & 406 Levels. 

Support Levels: 337,364,367 & 369 Levels. 

 

Related News: 

A large block deal of 33.66 lakh shares was struck at Rs 381 and another of 33.66 lakh shares at Rs 370. Both the deals were struck on BSE.

M&M FUTURES  

If selling continues, then it can tumble up to 892 level today & expect further fall up to 831 level on (or) before expiry. 

If short covering starts, then it can zoom up to 1005 level today & expect a jump up to 1066 level by non-stop. 

Related News: 

The equal partnership between Renault and Mahindra and Mahindra is all set to get modified. While, the change may result in either an exit or in one of the players ending up with a token stake.  

However, it is said that the two companies are working on various options, including Renault buying out Mahindra's 51% stake in the joint venture or Mahindra buying out Renault's 49% stake.

 

Tata Consultancy to add 30,000 staff in FY11 

Steel Secy says no SAIL bonus issue plan 

DLF says sells homes worth 4.8 bln rupees in Jan 

IOC head: to import 11 mln T crude oil from Iraq 

FY10 GDP growth at around 7.75 pct - fin min 

Telenor completes stake buy in India phone firm 

Reliance's Gas Supplies May Have Cut India's Spot LNG Demand 

Sugar-Cane Crop Area in India to Rise Marginally, Official Says 

Cochin Shipyard, Indian Aircraft-Carrier Builder, Mulls IPO 

Bharat Heavy Aims Overseas as Larsen, Toshiba Expand 

Bharat Heavy Electricals Wins Order Worth 4.95 Billion Rupees

 

Euro zone in intense talks on Greek rescue plan 

Stocks slip as Bernanke offsets Greece report 

Vale Will `Struggle' to Meet Iron Ore Demand as China's Economy Expands

China's Jan. consumer prices up less-than-expected 1.5%, but wholesale prices jump 4.3%

China's January producer price index up 4.3%

China consumer inflation rises less than expected

China bank lending rises to $204 bln in January

US, Europe Will All Default On Their Debt: Marc Faber

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	10-Feb-2010	2319.78	2528.4	-208.62

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	10-Feb-2010	1192.09	732.98	459.11

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