Market Outlook 23rd Feb 2010

	4856.40	( 0.24 %)	11.50
		1	2	3
Resistance		4897.00	4937.60	4963.15
Support		4830.85	4805.30	4764.70

	16237.05		( 0.28 %)	45.42
			1	2	3
Resistance			16376.41	16515.78	16608.32
Support			16144.50	16051.96	15912.59

Strong & Weak Stocks

This is list of 10 strong stocks

Glaxo, Axis Bank, Titan, Educomp, Siemens, Hero Honda, Indusind Bank, Chennai Petro, Hdfc Bank & McDowell-N.  

And this is list of 10 Weak stocks

Bajaj Hind, DLF, Balrampur Chini, ICSA, HDIL, Suzlon, FSL, Praj Ind, Bharti Airtel & EKC.

Nifty is in Up trend  

NIFTY FUTURES (F & O):

Profit Booking up to 4837-4839 zone will be healthy. 

Hurdles at 4867 & 4876 levels. Above these levels, buying may continue up to 4884-4886 zone and thereafter expect a jump up to 4910-4912 zone by non-stop. 

Cross above 4952-4954 zone, can take it up to 4978-4980 zone by non-stop. Supply expected at around this zone and have caution. 

On Negative Side, rebound expected at around 4794-4796 zone. Stop Loss at 4769-4771 zone.

Short-Term Investors:

 Bearish Trend. 

Down Side Target at 4666.80. 

Stop Loss at 4927.90.

Equity:

RELIANCE (NSE Cash) 

Fallen yesterday. But Bears should have been dominated more. Below expectations. Selling may continue today also. 

Sell for Intra-Day Gains with a Target of 938 level. 

Stop Loss at 1000 level.

UNITECH (NSE Cash) 

Fallen yesterday. But Bears should have been dominated more. Below expectations. Selling may continue today also. 

Sell for Intra-Day Gains with a Target of 63.75 level. 

Stop Loss at 72.25 level.

DLF (NSE Cash) 

Fallen yesterday. But Bears should have been dominated more. Below expectations. Selling may continue today also. 

Sell for Intra-Day Gains with a Target of 265 level. 

Stop Loss at 299 level.

EDSERV (NSE Cash): 

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

TATACOFFEE (NSE Cash):  

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

MINDTREE (NSE Cash):  

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

JKTYRE (NSE Cash): 

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

CANBK (NSE Cash):  

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

OPTIONS (NSE):

NIFTY 4900  CALL OPTION 

Good recovery & could not able to hold on gains. No Clear Trend for Today. 

If rally continues, then rally may be capped upside at around 54 level. 

Support at 13 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 560 CALL OPTION 

Fantastic move by Bulls. Uptrend should continue. 

If rally continues, then rally may be capped upside at around 34 level. 

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

STOCK FUTURES (NSE):

DENABANK FUTURES  

Bears should have been dominated. Instead, Bulls dominated & they have beaten expectations also. Superb Performance by Bulls. Uptrend should continue today also. 

 Buy with a Stop Loss of 77.25 level for Intra-Day Gains. Target at 82.05 level.

HINDALCO FUTURES  

 Bulls tried their best yesterday. But their performance was below expectations. Bulls should not get excited today. But they will rig up on (or) before expiry. 

 Buy with a Stop Loss of 144 level with a Target of 157 level. Up side limited up to 161 level on (or) before expiry. 

Stop Loss up to expiry should be at around 141 level.

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 22nd Feb 2010 & Weekly Update

Strong & Weak stocks 

This is list of 10 strong stocks: 

Titan, Axis Bank, Glaxo, Orchid Chem, Indusind Bank, Siemens, Chennai Petro, McDowell-N, BEL & Bajaj Auto.  

And this is list of 10 Weak stocks: 

Bajaj Hind, DLF, Balrampur Chini, ICSA, Praj Ind, Renuka, Suzlon, Bharti Airtel, Recltd & EKC.

Nifty is in Up trend  

	4844.90	( -0.88 %)	-42.85
		1	2	3
Resistance		4886.28	4927.67	4968.03
Support		4804.53	4764.17	4722.78

	16191.63		( -0.83 %)	-136.21
			1	2	3
Resistance			16304.19	16416.74	16531.55
Support			16076.83	15962.02	15849.47

NIFTY FUTURES (F & O):

Above 4873 level, expect short covering up to 4884-4886 zone and thereafter expect a jump up to 4917-4919 zone by non-stop. 

Support at 4840-4842 zone. Below this zone, selling may continue up to 4831 & 4836 levels and thereafter slide may continue up to 4807-4809 zone by non-stop. 

Below 4774-4776 zone, expect panic up to 4742-4744 zone by non-stop. 

On Positive Side, cross above 4950-4952 zone can take it up to 4983-4985 zone by non-stop. Supply expected at around this zone and have caution.

Short-Term Investors:

Bearish Trend. 

Down Side Target at 4666.80. 

Stop Loss at 4927.90.

Equity:

LT  (NSE Cash) 

Closed Positively. But below expectations. Bulls should not get excited at higher levels. 

Buy for Intra-Day Gains with a Target of 1520 level. 

Stop Loss at 1417 level.

ABGSHIP (NSE Cash) 

Excellent work by Bulls. Surprise move & this scrip should have been closed negatively. But closed positively and Bulls were more (or) less on Target. Stunning performance. Bulls should not get excited today. 

Buy for Intra-Day Gains with a Target of 273 level. 

Stop Loss at 242 level.

ORCHIDCHEM (NSE Cash) 

Excellent work by Bulls. They have beaten expectations also. Bullish Trend may continue today also. 

Buy for Intra-Day Gains with a Target of 188 level. 

Stop Loss at 164 level.

EDUCOMP (NSE Cash): 

 Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 12 days. 

STCINDIA (NSE Cash): 

 Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 12 days. 

BHARTISHIP (NSE Cash): 

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

FINANTECH (NSE Cash):  

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

BARTRONICS (NSE Cash): 

Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 14 days.

OPTIONS (NSE):

NIFTY 4800  PUT OPTION 

Although profit booking was there, but we should appreciate Bulls for their excellent work. Bullish Trend may continue today also. 

If rally continues, then rally may be capped upside at around 76 level. 

Support at 7 level. If profit booking starts, then it can slide up to this level.

TATASTEEL 560 PUT OPTION 

Fantastic move by Bulls. No Clear Trend for Today. 

 

If rally continues, then rally may be capped upside at around 14 level. 

Support at 7 level. If profit booking starts, then it can slide up to this level.

STOCK FUTURES (NSE):

BAJAJHIND 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 170 level for Intra-Day Gains. Target at 151 level.

CHAMBLFERT FUTURES  

Yesterday's fall was totally surprising. Bulls should have dominated & Instead Bears dominated. Selling may continue Today. Bulls need not lose heart & Short Covering expected on (or) before expiry. 

Sell with a Stop Loss of 74.40 level with a Target of 60.80 level. Down side limited up to same 60.80 level on (or) before expiry. 

Stop Loss up to expiry should be at around 75.80 level.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	19-Feb-2010	1965.83	1947.92	17.91

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	19-Feb-2010	1075.33	1472.46	-397.13

Index Outlook: Awaiting Budget day gyrations

Sensex (16,191.6)

The week ahead promises edge-of-the-seat excitement as the Union Budget jamboree unfolds. The Railway Budget will get things chugging on Wednesday followed by the much-prognosticated Union Budget on Friday. Thursday will be livened up by the Economic Survey and expiry of February derivative contracts.

Low expectations of market participants from the Finance Minster this year can help ward a steep decline in stock prices unless the Finance Minster makes a special effort to irk investors. Volumes were very low in the cash segment implying that many on the street are currently perched on the fence. Derivative volumes, however, spiked higher especially towards the later half of the week. High open interest, exceeding Rs 1,20,000 crore can cause volatility before the F&O expiry.

FIIs were buying enthusiastically in the first three sessions of the week but they turned cautious towards the weekend. Interestingly, domestic institutional investors, who were net buyers in most sessions in 2010 turned sellers last week. India VIX closed at its highest point this year at 31.9 implying that traders too expect volatility to spike next week.

Sensex took one step higher last week though it was thwarted at 16,480. Daily oscillators are giving mixed signals. Weekly oscillators spent another week in bearish zone though they moved sideways. The minor 39-points gain last week has resulted in a long-legged doji star in the weekly chart that denotes indecision and the possibility of a move in either direction.

The Union Budget is one annual event that makes the market record very large moves in a single session. These moves tend to have a major impact on the medium-term trajectory of the index. It is impossible to predict how the budget document will read or even more important, how the market will react to this document. Here are some trajectories that the Sensex can take if the budget is good, bad or neutral.

a) A budget that meets with thumping approval from market can take the Sensex to 17,000 or 17,500. The medium-term trend in the index will turn neutral in this event and we can expect a sideways movement between 15,500 and 18,000 in the months ahead.

b) An insipid budget akin to that presented last July that leaves market cold will be unable to take the Sensex past 17,000. This will keep the medium-term outlook negative and leave open the possibility of a move down to 15,780 or 15,725 again.

c) If the Finance Minster gives enough fodder to the bears to wreak havoc with stock prices, the Sensex can decline to 15,330 or 14,867.

For the week ahead, the Sensex can stay choppy in the range between 16,000 and 16,500 in the run-up to the budget day. The short-term view will stay negative as long as the index stays below 16,500, leaving open the possibility of short-term decline to 15,800 or 15,651. The 200-day moving average at 15,800 should act as a reliable support at least till Friday. Targets on rally above 16,500 are 16,775 and 17,000.

Nifty (4,844.9)

Nifty moved beyond 4,844 last week but it could not get past the resistance at 4,930 and reversed lower. The index could whipsaw in the range between 4,780 and 4,950 in the days before the budget. Decline below 4,780 will drag it to 4,716 or 4,675. The 200-day moving average at the second support should cushion any pre-budget declines. Resistances above 4,930 are at 5,024 and 5,067.

To map the budget-day moves for Nifty,

a) If market is happy with the budget, Nifty can rally to 5,067 or 5,200. The medium-term trend will turn sideways in this scenario.

b) A neutral reaction to the budget will maintain status quo with the Nifty unable to move beyond 5,000 and a decline to 4,700 likely in near term.

c) A very negative reaction to the budget can take the index to 4,538 and the retracement target of 4,478.

It is only the brave-hearts who can trade the pre and post budget gyrations in the market. The more placid souls can enjoy the market calisthenics from the sidelines.

Global Cues

Despite the Federal Reserve's sudden hike in discount rate by 25 basis points, US equities rallied from lower levels on Friday to end the week on a high. The Dow has closed in the positive on all the four sessions of last week to end 303 points higher. This index has also powered past the short-term resistances at 10,200 to end the week at key short-term trend deciding level of 10,400. If the rally continues next week, then the index will be on the way to a fresh 2010 high and could start eyeing the long-term target of 11,300 once again.

European and Latin American markets too had a strong week and benchmarks in these countries closed 4 to 6 per cent higher. They are however poised half-way up the 2010 correction and the movement next week will show if the down-move will prolong or if the indices will head for a new yearly high. Asian indices were however more subdued and closed marginally in the positive or with losses.

The CBOE VIX progressed lower over the week and closed at 20.7, well below its recent peak of 29.2. Commodities too had a strong week and Reuters CRB index closed 2.5 per cent higher, clambering above its medium-term trend line again.

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 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