Trading Calls 16th Apr 2009
USE STRICT Stop Loss for todays trading
BUY Educomp-2199 for the target 2255 stop loss 2170[Trading]
BUY ACC-615 for the target 640 stop loss 606
BUY BHEL-1667 for the target 1780 stop loss 1650 [Positional]
BUY Mcdowell-757 for the target 800 stop loss 740
BUY DIVISlab-948 for the target 1017 stop loss 930 [Breakout]
BUY Hindzinc-486 above 491 for the target 526 stop loss 485 [Expected
Breakout]
BUY PFC-139 above 141 for the target 153 stop loss 137
+ve to Market : 1. US market 2. Asian Market 3. SGX nifty 5. Gold
price down 6. Some +ve price movement in real estate
-ve to Market: 1. Election 2. No participation of small investors in
this rally
price down 6. Some +ve price movement in real estate
-ve to Market: 1. Election 2. No participation of small investors in
this rally
NIFTY FUTURES (F & O)
Rally may continue up to 3518-3520 zone for time being.
Rally may continue up to 3518-3520 zone for time being.
Support at 3452 & 3483 levels. Below these levels, expect profit booking up to 3382-3384 zone and thereafter slide may continue up to 3313-3315 zone by non-stop.
Buy if touches 3244-3246 zone. Stop Loss at 3176-3178 zone.
On Positive Side, cross above 3586-3588 zone may take it up to 3655-3657 zone. If crosses & sustains at above this zone then uptrend may continue.
Short-Term Investors:
Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
BSE SENSEX
Traders can expect profit booking.
Short-Term Investors:
Short-Term trend is Bullish and target at around 11967 level on upper side.
Short-Term Investors:
Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
BSE SENSEX
Traders can expect profit booking.
Short-Term Investors:
Short-Term trend is Bullish and target at around 11967 level on upper side.
Maintain a Stop Loss at 10172 level for your long positions too.
Strong & Weak futures,
This is list of 10 strong futures:
Cmc, Essar Oils, Rolta, Housing Dev, Kpit, Lanco Infra, IVR Prime, Tata Motors, Gitanjali & Bajaj Hind.
And this is list of 10 Weak Futures:
Hind Petrol, Sterling Biotech, Bharat Petro, Heinustan Unilvr, Glaxo, PFC, Colgate Palmoliv, Power Grid, Infosys & Itc.,
Nifty is in Up Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,029.62. Up by 109.44 points.
The Broader S&P 500 closed at 852.06. Up by 10.56 points.
The Nasdaq Composite Index closed at 1,626.80. Up by 1.08 points.
The partially convertible rupee <INR=IN> closed at 49.70/71 per dollar on yesterday, above its previous close of 49.88/90.
The Broader S&P 500 closed at 852.06. Up by 10.56 points.
The Nasdaq Composite Index closed at 1,626.80. Up by 1.08 points.
The partially convertible rupee <INR=IN> closed at 49.70/71 per dollar on yesterday, above its previous close of 49.88/90.
Book Profits in CAPITAL GOODS Stocks
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 15-Apr-2009 | 3893.83 | 3209.33 | 684.5 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 15-Apr-2009 | 1646.8 | 1356.58 | 290.22 |
SPOT LEVELS
 | 3484.15 | ( 3.00 %) | 101.55 |  |
| 1 | 2 | 3 | ||
| Resistance | 3550.53 | 3616.92 | 3736.28 | |
| Support | 3364.78 | 3245.42 | 3179.03 | |
 | 11284.73 | ( 2.90 %) | 317.51 | | |
| 1 | 2 | 3 | |||
| Resistance | 11508.59 | 11732.46 | 12127.16 | ||
| Support | 10890.02 | 10495.32 | 10271.45 | ||
--
Arvind Parekh
+ 91 98432 32381
Arvind Parekh
+ 91 98432 32381
