Market Outlook 1st July 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Hind Petro,  BPCL, GTL Infra, Aban Off shore, BRFL, RCOM, Dish TV, ONGC, TV-18 & RNRL.  

And this is list of 10 Weak stocks: 

Patni, Sterling Biotech, Grasim, Pir Health, Jindal Steel, Sesa Goa, Mphasis, India Cement, Sail & Andhra Bank.

The daily trend of nifty is in Uptrend 

• Supp / Resis     SPOT/CASH LEVELS

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5351.90	5391.30	5462.25
		Support	5241.55	5170.60	5131.20
	Sensex	Resistance	17826.03	17951.17	18177.29
		Support	17474.77	17248.65	17123.51

CASH MARKET SUPPORT/ RESISTANCE LEVELS

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Aban Offshore Ltd. NSE 842.45 856.77 820.27 871.08 798.08 893.27 783.77 Andhra Bank NSE 129.90 131.98 128.23 134.07 126.57 135.73 124.48 Bank of Baroda NSE 701.85 708.15 694.40 714.45 686.95 721.90 680.65 Bank of India NSE 349.50 356.93 339.03 364.37 328.57 374.83 321.13 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 952.69 963.44 938.49 974.20 924.30 988.39 913.54 Bharat Forge Ltd. NSE 289.40 294.65 282.10 299.90 274.80 307.20 269.55 Bharat Petroleum Corporation Ltd. NSE 662.75 681.70 634.60 700.65 606.45 728.80 587.50 Bharti Airtel Ltd. NSE 262.80 265.35 260.40 267.90 258.00 270.30 255.45 Bombay Dyeing & Manufacturing Company Ltd. NSE 482.25 490.08 477.33 497.92 472.42 502.83 464.58 Bombay Rayon Fashions Ltd. NSE 259.65 265.70 249.40 271.75 239.15 282.00 233.10 Dish TV India Ltd. NSE 47.40 49.45 44.95 51.50 42.50 53.95 40.45 Grasim Industries Ltd. NSE 1827.65 1862.10 1774.10 1896.55 1720.55 1950.10 1686.10 GTL Infrastructure Ltd. NSE 47.20 48.02 46.47 48.83 45.73 49.57 44.92 Hindustan Motors Ltd. NSE 23.85 24.43 23.28 25.02 22.72 25.58 22.13 Hindustan Oil Exploration Company Ltd. NSE 221.80 225.33 218.43 228.87 215.07 232.23 211.53 Hindustan Petroleum Corporation Ltd. NSE 469.50 488.58 440.83 507.67 412.17 536.33 393.08 India Cements Ltd. NSE 107.85 110.13 103.73 112.42 99.62 116.53 97.33 India Infoline Ltd. NSE 96.85 98.13 95.93 99.42 95.02 100.33 93.73 Indian Bank NSE 225.95 230.95 218.00 235.95 210.05 243.90 205.05 Indian Hotels Company Ltd. NSE 104.90 106.53 102.63 108.17 100.37 110.43 98.73 Indian Oil Corporation Ltd. NSE 403.10 410.67 392.77 418.23 382.43 428.57 374.87 Indian Overseas Bank NSE 104.10 105.17 102.77 106.23 101.43 107.57 100.37 Jindal Steel & Power Ltd. NSE 624.50 630.52 614.82 636.53 605.13 646.22 599.12 MphasiS Ltd. NSE 563.50 572.67 549.67 581.83 535.83 595.67 526.67 NSE Index NSE 5312.50 5351.90 5241.55 5391.30 5170.60 5462.25 5131.20 Piramal Healthcare Ltd. NSE 480.75 489.33 474.63 497.92 468.52 504.03 459.93 Reliance Capital Ltd. NSE 762.75 770.08 750.33 777.42 737.92 789.83 730.58 Reliance Communications Ltd. NSE 198.30 202.38 191.23 206.47 184.17 213.53 180.08 Reliance Industries Ltd. NSE 1089.85 1103.37 1066.92 1116.88 1043.98 1139.82 1030.47 Reliance Natural Resources Ltd. NSE 65.95 67.13 63.93 68.32 61.92 70.33 60.73 Reliance Power Ltd. NSE 171.40 173.20 168.30 175.00 165.20 178.10 163.40 Sesa Goa Ltd. NSE 352.65 356.70 346.85 360.75 341.05 366.55 337.00 Sterling Biotech Ltd. NSE 107.85 112.53 105.08 117.22 102.32 119.98 97.63

*LTP stands for Last Traded Price as on Wednesday, June 30, 2010 4:04:41 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.

Buy / Sell (Jun 30, 2010)
	Buy					Sell	Net
FII	3243.49					2653.41	+ 589.88
DII	1422.78					1573.89	- 151.11

Corporate News Headline
•	Alstom Projects India, a subsidiary of the Alstom SA, said it has bagged an order worth Rs. 4.58 bn from BHEL in Karnataka. (BS)
•	Reliance Communications was close to a deal to combine its pay TV businesses with unlisted cable TV distributor Digicable Network. (BS)
•	IVRCL Assets and Holdings Limited issued 1,000 unsecured redeemable non-convertible debentures of Rs. 10 lakh each for cash at par, aggregating to Rs. 1 bn on a private placement basis. The coupon rate of the NCDs is 10.10% a year, and the interest is payable on a quarterly basis. (BS)
Economic and Political Headline
•	India's fiscal deficit from April to May was Rs 1.01 tn, or 26.5% of the full-year target, the government said in a statement. Tax receipts were Rs. 319 bn and total expenditure was Rs 1.47 tn for the first two months of the FY11. (BS)
•	European inflation slowed more than economists estimated in June as energy prices receded and companies continued to cut costs. Euro-area consumer prices rose 1.4% from a year earlier after increasing 1.6% in May, the European Union statistics office said. (Bloomberg)
•	Business activity in the US expanded in June for a ninth straight month, showing manufacturing is overcoming turmoil in financial markets. The Institute for Supply Management-Chicago Inc. said its business barometer fell to 59.1 this month, from 59.7 in May. Figures greater than 50 signal expansion. (Bloomberg)

*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 30th June2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Hind Petro, GTL Infra, BPCL, ONGC, Aban Off shore, RCOM, RNRL, Bajaj Auto, Orchid Chem & BRFL.  

And this is list of 10 Weak Stocks

Grasim, Mphasis, Jindal Steel, HCL Tech, DCHL, Yes Bank, Sail, Pir Health, Hindalco & India Cement.

The daily trend of nifty is in Uptrend 

• Supp / Resis
 spot levels/ cash levels

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5314.93	5373.72	5413.28
		Support	5216.58	5177.02	5118.23
	Sensex	Resistance	17719.45	17904.81	18031.67
		Support	17407.23	17280.37	17095.01

Corporate News Headline
•	ONGC and its' partners will tomorrow sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the New Exploration Licensing Policy. (BS)
•	State Bank of India fixed its benchmark lending rate at 7.5% following a Reserve Bank directive, a move that will end the practice of sub-prime loan to corporates. The rate will come into effect from July 1. (BS)
•	JSW Steel Ltd expects talks with Japan's JFE Holdings to close in another six months, Managing Director Sajjan Jindal said. JSW is in talks with JFE to sell 5-15% stake in the firm. (BS)
Economic and Political Headline
•	Prime Minister Manmohan Singh said diesel prices too will be freed from government control as part of "much-needed reforms" but LPG and kerosene will continue to be subsidised. The fact that petrol prices have been set free, the same is going to be done to the diesel prices. (These are) much- needed reforms," he told journalists accompanying him on his way back home from Toronto where he attended the G-20 Summit. (BS)
•	Confidence among US consumers declined in June more than forecast as Americans became pessimistic about the outlook for the labor market and the economy. The Conference Board's confidence index slumped to 52.9 this month from a revised 62.7 in May, figures from the New York-based private research group showed. (Bloomberg)
•	European confidence in the economic outlook unexpectedly improved in June after reviving global growth and a drop in the euro bolstered the region's recovery. An index of executive and consumer sentiment in the 16 euro nations rose to 98.7 from 98.4 in May, the European Commission in Brussels said. (Bloomberg)

Buy / Sell (Jun 29, 2010)
	Buy					Sell	Net
DII	1148.88					1263.59	- 114.71
DII	1828.26					2089.41	- 261.15
*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