Corporate News Headline
Tata Teleservices diluted its 26% stake for about USD 2.7 bn to Japan´s largest telecom company NTT DoCoMo. (BS)
Dabur India is planning to acquire Fem Care Pharma for nearly Rs. 3 bn. (ET)
GMR Infrastructure deferred its plan to shift its 220 MW barge-mounted power plant from Mangalore on the West coast to Kakinada in the East coast. (BS)
Economic and Political Headline
The IIP rose by 4.8% in September 2008, as against 7% during the corresponding period last year. (CSO)
Inflation declined to 8.98% for the week ended November 1, 2008, compared with 10.72% in the previous week. (BS)
The German economy contracted in third quarter 0.5% from the second quarter, when it fell 0.4%, pushing the nation into the worst recession in at least 12 years. (Bloomberg)
 | 2848.45 | ( -3.07 %) | -90.20 |  |
| 1 | 2 | 3 | ||
| Resistance | 2950.78 | 3053.12 | 3131.03 | |
| Support | 2770.53 | 2692.62 | 2590.28 | |
 | 9536.33 | ( -3.08 %) | -303.36 | | |
| 1 | 2 | 3 | |||
| Resistance | 9851.04 | 10165.76 | 10402.91 | ||
| Support | 9299.17 | 9062.02 | 8747.30 | ||
NIFTY FUTURES (F & O)
Above 2897 level, expect short covering up to 2973-2975 zone and thereafter expect a jump up to 3023-3025 zone by non-stop.
Support at 2826 & 2833 levels
. Below these levels, selling may continue up to 2798-2800 zone and thereafter slide may continue up to 2748-2750 zone.Bounce expected at around 2722-2724 zone. If not, then expect panic up to 2672-2674 zone.
On Positive Side, short rallies up to 3049-3051 zone can be used to sell. Stop Loss at 3099-3101 zone.
Short-Term Investors:
Short-Term trend is Bearish and Target at around 2392 level on down side.
On Positive Side, rallies up to 2982 level can be used to exit. Maintain a
Stop Loss at 3178 level for your short positions too.
BSE SENSEX
Technically Profit Booking should happen.
Short-Term Investors:
Trend is Bearish & Technical target at around 8183 level on down side. Rallies up to 9974 level can be used to exit. SL at 10571 level.
Trading Calls 14th Nov 08
+ve sectors & scripts :
CNX Madcap, OIL&Refinery, BOB, Alembicltd, AIAeng, Indhotel, IOC,TatachemBuy BILT-22 for 25-29 with sl 21 [Trading]
Buy TCS-534 for 560 with 528
Buy Bankinda-273 for 290 with sl 270
Buy Satyam-265 above 274 for 290 with 260 [Expected Breakout]
Buy Colpal-387 above 390 for 395-99 with sl 387
Buy Sesagoa-79 above 81 for 90 with 79
Buy HeroHonda-752 for 763-770 with 746 [Additional Calls]
Buy Mcdowell-772 for 810 with 765
+ve to Market
1. US Market 2. Asian Market 3. Inflation
-ve to Market
1. Profit Booking 2.Expected GM Filing 3. Continous selling by FII 4. Slowdown in investment by LIC
--
Arvind Parekh
