Market Outlook 28th May 2010

Corporate News Headline
•	Tata Motors Limited posted a full- year net income after the luxury unit had a pretax profit and sales gained amid economic growth. Consolidated net income totaled Rs. 25.7 bn for FY10, compared with a loss of Rs. 25.1 bn a year earlier. (Bloomberg)
•	Neyveli Lignite Corporation's consolidated net profit rose by 52% to Rs. 12.47 bn for FY10, over the same period last year. Total income rose 17.4% to Rs. 47.20 bn in FY10, from the previous fiscal. (BS)
•	Colgate-Palmolive posted a 48% jump in its standalone net profit to Rs. 1143.9 mn in Q4'10. The company's standalone net sales during Q4'10 stood at Rs. 5166 mn, up 13% from the corresponding period a year ago. (BS)
Economic and Political Headline
•	The government is banking on the private sector for the bulk of the USD 60 bn investment needed for its ambitious five-year programme to fill the "road deficit", Highways Minister Kamal Nath said. "We require USD 60 bn, out of which USD 40 bn would come from the private sector," he said. (BS)
•	The US economy grew in the first quarter at a slower pace than previously calculated, as the 3% increase at an annual rate in Gross Domestic Product was less than the advance estimate of 3.2% issued last month, as per the Commerce Department. (Bloomberg)
•	More Americans than forecast filed applications for unemployment benefits last week, indicating firings persist even as the economy rebounds and employment picks up. Initial jobless claims fell by 14,000 to 460,000 in the week ended May 22, Labor Department figures showed in Washington. (Bloomberg) Strong & Weak Stocks

This is list of 10 strong stocks: 

Federal Bank, Hind Petro, ABB, UCO Bank, BPCL, ONGC, Bank of Baroda, Dr Reddy, Gail & R Power.  

And this is list of 10 Weak Stocks

Grasim, Aban Off shore, Educomp, MLL, DCHL, Tech Mahindra, Idea, HDIL, MTNL & Triveni.

The daily trend of nifty is in downtrend 

SPOT/CASH INDEX LEVELS TODAY

	5003.10	( 1.74 %)	85.70
		1	2	3
Resistance		5047.27	5091.43	5166.27
Support		4928.27	4853.43	4809.27

	16666.40		( 1.70 %)	278.56
			1	2	3
Resistance			16796.93	16927.47	17160.38
Support			16433.48	16200.57	16070.03

Today Market UPdate on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-28May2010.htm

Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-27-May-2010.htm

SUPPORT/ RESISTANCE LEVELS

Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Aban Offshore Ltd. NSE 685.10 697.17 670.87 709.23 656.63 723.47 644.57 ABB Ltd. NSE 849.50 867.67 829.67 885.83 809.83 905.67 791.67 Bank of Baroda NSE 717.90 735.83 688.13 753.77 658.37 783.53 640.43 Bank of Rajasthan Ltd. NSE 162.90 165.35 159.00 167.80 155.10 171.70 152.65 Bharat Heavy Electricals Ltd. NSE 2296.35 2337.05 2255.60 2377.75 2214.85 2418.50 2174.15 Bharti Airtel Ltd. NSE 260.65 264.57 257.17 268.48 253.68 271.97 249.77 Deccan Chronicle Holdings Ltd. NSE 118.20 126.52 112.97 134.83 107.73 140.07 99.42 Federal Bank Ltd. NSE 327.20 333.63 316.63 340.07 306.07 350.63 299.63 Gail (India) Ltd. NSE 452.15 457.53 444.18 462.92 436.22 470.88 430.83 Grasim Industries Ltd. NSE 1872.30 1901.83 1828.93 1931.37 1785.57 1974.73 1756.03 Hindalco Industries Ltd. NSE 148.40 150.75 144.85 153.10 141.30 156.65 138.95 Hindustan Construction Company Ltd. NSE 106.10 108.43 103.48 110.77 100.87 113.38 98.53 Hindustan Petroleum Corporation Ltd. NSE 351.35 358.87 338.92 366.38 326.48 378.82 318.97 Idea Cellular Ltd. NSE 49.45 50.47 48.77 51.48 48.08 52.17 47.07 Mahanagar Telephone Nigam Ltd. NSE 55.25 56.52 54.47 57.78 53.68 58.57 52.42 Mahindra & Mahindra Ltd. NSE 528.45 541.97 514.47 555.48 500.48 569.47 486.97 Mercator Lines Ltd. NSE 44.75 45.55 43.80 46.35 42.85 47.30 42.05 NSE Index NSE 5003.10 5047.27 4928.27 5091.43 4853.43 5166.27 4809.27 Tech Mahindra Ltd. NSE 620.55 634.72 611.47 648.88 602.38 657.97 588.22 Triveni Engineering & Industries Ltd. NSE 92.20 94.50 90.50 96.80 88.80 98.50 86.50 UCO Bank NSE 73.40 74.42 71.97 75.43 70.53 76.87 69.52

*LTP stands for Last Traded Price as on Thursday, May 27, 2010 4:04:06 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.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	27-May-2010	3924.39	4457.46	-533.07

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	27-May-2010	1669.13	1258.69	410.44

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 27th May 2010

Strong & Weak stocks

This is list of 10 strong stocks

Federal Bank, RECL, ABB, UCO Bank, BPCL, Hind Petro, Pir Health, Gail, Lupin & Uniphos.  

And this is list of 10 Weak Stocks:

Grasim, Aban Off shore, Educomp, Sesa Goa, MLL, HDIL, Tata Steel, Patel Engineering, Hind Zinc & Ster.

The daily trend of nifty is in downtrend 

CASH / SPOT LEVELS TODAY

	4917.40	( 2.30 %)	110.65
		1	2	3
Resistance		4959.47	5001.53	5077.62
Support		4841.32	4765.23	4723.17

	16387.84		( 2.28 %)	365.36
			1	2	3
Resistance			16508.87	16629.89	16849.44
Support			16168.30	15948.75	15827.73

Derivatives EOD Report http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-26-May-2010.htm

Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-27May2010.htm

SUPPORT / RESISTANCE LEVELS

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Aban Offshore Ltd. NSE 683.90 710.47 664.67 737.03 645.43 756.27 618.87 ABB Ltd. NSE 831.25 836.07 825.37 840.88 819.48 846.77 814.67 Bharat Petroleum Corporation Ltd. NSE 555.25 564.40 545.55 573.55 535.85 583.25 526.70 Bharti Airtel Ltd. NSE 263.65 268.83 259.23 274.02 254.82 278.43 249.63 Educomp Solutions Ltd. NSE 454.10 467.43 440.53 480.77 426.97 494.33 413.63 Federal Bank Ltd. NSE 314.20 318.43 308.98 322.67 303.77 327.88 299.53 Gail (India) Ltd. NSE 448.05 454.55 442.50 461.05 436.95 466.60 430.45 Grasim Industries Ltd. NSE 1838.80 1991.85 1692.90 2144.90 1547.00 2290.80 1393.95 Hindalco Industries Ltd. NSE 148.20 152.27 141.37 156.33 134.53 163.17 130.47 Hindustan Oil Exploration Company Ltd. NSE 171.95 175.55 167.55 179.15 163.15 183.55 159.55 Hindustan Unilever Ltd. NSE 231.55 233.47 228.77 235.38 225.98 238.17 224.07 Hindustan Zinc Ltd. NSE 931.95 946.62 919.67 961.28 907.38 973.57 892.72 Lupin Ltd. NSE 1808.65 1828.10 1795.10 1847.55 1781.55 1861.10 1762.10 Mercator Lines Ltd. NSE 44.55 45.63 43.33 46.72 42.12 47.93 41.03 NSE Index NSE 4917.40 4959.47 4841.32 5001.53 4765.23 5077.62 4723.17 Patel Engineering Ltd. NSE 358.40 375.83 340.63 393.27 322.87 411.03 305.43 Piramal Healthcare Ltd. NSE 534.40 546.77 513.77 559.13 493.13 579.77 480.77 Sesa Goa Ltd. NSE 325.25 334.13 310.13 343.02 295.02 358.13 286.13 Sterlite Industries (India) Ltd. NSE 616.60 631.12 605.67 645.63 594.73 656.57 580.22 Tata Motors Ltd. NSE 709.50 723.93 685.03 738.37 660.57 762.83 646.13 Tata Power Company Ltd. NSE 1228.00 1241.73 1206.13 1255.47 1184.27 1277.33 1170.53 Tata Steel Ltd. NSE 484.45 496.03 474.98 507.62 465.52 517.08 453.93 Tata Tea Ltd. NSE 1030.25 1069.83 1007.83 1109.42 985.42 1131.83 945.83 UCO Bank NSE 72.15 73.03 70.63 73.92 69.12 75.43 68.23 Uniphos Enterprises Ltd. NSE 31.85 32.40 30.90 32.95 29.95 33.90 29.40

*LTP stands for Last Traded Price as on Wednesday, May 26, 2010 3:54:28 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.    Corporate News Headline • Tata Steel reported a consolidated loss of Rs. 200.09 bn for the year ended March 31, 2010. The steelmaker had a net profit of Rs 49.50 bn in the year ended March 31, 2009, Tata Steel said. (BS) • Hindustan Petroleum Corporation plans to invest Rs. 300 bn to set up a 15-16 million tonnes-a-year refinery on the west coast. The refinery, which may be in Raigad district of Maharashtra, is being mulled to make up for space constraint that its Mumbai refinery faces at present. (BS) • Mahindra & Mahindra announced that it will acquire 55.2% stake in electric carmaker Reva, marking its entry into the alternative fuel-based passenger vehicle space. (BS)   Economic and Political Headline • The Reserve Bank of India will ensure adequate liquidity in the banking system, Deputy Governor K C Chakrabarty said, amid concerns cash could be tight in the coming week due to payments for 3G mobile spectrum. Short-term interest rates have been rising on concerns that these payments, due by May 31, could create a temporary liquidity crunch. (BS) • Purchases of new homes in the US jumped in April as buyers rushed to qualify for a government tax credit before it expired at the end of the month. Sales climbed 15% to an annual pace of 504,000, figures from the Commerce Department showed. (Bloomberg) • Italian Prime Minister Silvio Berlusconi's government approved USD 30 bn of budget cuts as part of a European effort to convince investors that euro nations can trim deficits. The measures include a three-year wage freeze for civil servants and a crackdown on tax evasion, the government said in a statement. (Bloomberg)

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	26-May-2010	3668.51	3835.17	-166.66

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	26-May-2010	1226.52	1161.66	64.86

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