Trading Calls 17th Mar 2009
USE STRICT Stop Loss for todays trading
BUY Jindalstl-1086 above 1100 for 1155 with sl 1086
BUY Jpassociat-77 above 79 for 85 with sl 77
USE STRICT Stop Loss for todays trading
BUY Jindalstl-1086 above 1100 for 1155 with sl 1086
BUY Jpassociat-77 above 79 for 85 with sl 77
BUY SBI-987 above 992 for 1020 with sl 985
BUY Essaroil-73 above 75 for 82 with sl 73
BUY Essaroil-73 above 75 for 82 with sl 73
Short Sunpharma-999 below 990 for 960 with sl 1000
Short HDFCBank-844 for 830 with sl 850
Short HDFCBank-844 for 830 with sl 850
NIFTY FUTURES (F & O)
Below 2749 level, expect profit booking up to 2716-2718 zone and thereafter slide may continue up to 2685-2687 zone by non-stop.
Below 2749 level, expect profit booking up to 2716-2718 zone and thereafter slide may continue up to 2685-2687 zone by non-stop.
Hurdle at 2784 level. Above this level, rally may continue up to 2790-2792 zone by non-stop.
Cross above 2821-2823 zone, it can zoom up to 2852-2854 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2654-2656 zone. Stop Loss at 2623-2625 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 2531 level, it can zoom up to 2913 level by non-stop.
BSE SENSEX
Traders can expect rebound.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9476 level on upper side.
Traders can expect rebound.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9476 level on upper side.
Maintain a Stop Loss at 8110 level for your long positions too.
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
BRFL, M&M, Tata Motors, National Alum, Mphasis, TVS Motor, JP Associates, Edu Comp, Ster & Escorts.
And this is list of 10 Weak Futures:
Rolta, Aban, Triveni, Indian Bank, EKC, Ranbaxy, Yes Bank, Patel Eng, Moser Baer & Tata Chem.
Nifty is in Down Trend.
Nifty is in Down Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,216.97. Down by 7.01 points.
The Broader S&P 500 closed at 753.89. Down by 2.66 points.
The Nasdaq Composite Index closed at 1,404.02. Down by 27.48 points.
The partially convertible rupee <INR=IN> ended at 51.385/395 per dollar on yesterday, stronger than Friday's close of 51.48/50.
OIL & GAS INDEX Stocks May Zoom
-ve to Market: 1. Expecting the YOY result from big boys will not meet
the market and DS expectation 2. Huge built up of puts and short in
March series will provide the expectation of the down side in coming
days. [Watch the discount on March] 3. US Market 4. SGX nifty 5. Asian
Market 6. There is no positive news will come from Govt. [because of
the announcement of the Election date] 7. International market
condition also will not boost the Indian market 8. FII's continuous
selling in the Indian/International market. 9. Mutual fund's
redemption pressure for the year 2009 March. 10. There is no
investment buying in DII 11. ADR/GDR slide.
the market and DS expectation 2. Huge built up of puts and short in
March series will provide the expectation of the down side in coming
days. [Watch the discount on March] 3. US Market 4. SGX nifty 5. Asian
Market 6. There is no positive news will come from Govt. [because of
the announcement of the Election date] 7. International market
condition also will not boost the Indian market 8. FII's continuous
selling in the Indian/International market. 9. Mutual fund's
redemption pressure for the year 2009 March. 10. There is no
investment buying in DII 11. ADR/GDR slide.
NIFTY & SENSEX SPOT LEVELS FOR TODAY
 | 2777.25 | ( 2.13 %) | 58.00 |  |
| 1 | 2 | 3 | ||
| Resistance | 2805.48 | 2833.72 | 2885.48 | |
| Support | 2725.48 | 2673.72 | 2645.48 | |
 | 8943.54 | ( 2.13 %) | 186.93 | | |
| 1 | 2 | 3 | |||
| Resistance | 9033.69 | 9123.85 | 9291.96 | ||
| Support | 8775.42 | 8607.31 | 8517.15 | ||
FII DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 16-Mar-2009 | 1318.24 | 1420.58 | -102.34 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 16-Mar-2009 | 810.18 | 556.79 | +253.39 |
--
Arvind Parekh
+ 91 98432 32381
