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
| 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 | |
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*LTP stands for Last Traded Price as on Wednesday, June 30, 2010 4:04:41 PM |
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#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 |
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The levels given above are with respect to previous closing price on the NSE / BSE.
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| 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) |
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| 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
