Market Outlook 15th Dec 2009

Intraday calls for 15th Dec 2009
Buy Wipro-658 above 665 for 674-684 with sl 660
Buy Indiacem-120 for 125-127 with sl 118
Buy BajajAuto-1783 for 1800-1811 with sl 1777
Buy ABAN-1243 for 1265-1273 with sl 1230

 

NIFTY FUTURE LEVELS

5120

5151

5170

5179

5199

SUPPORT

5097

5080

5069

5050

5040

5021

 

Strong & Weak  futures 
 This is list of 10 strong futures:

Ranbaxy, Bajaj Auto, Orchid Chem, Hotel Leela, ACC, Chambal Fert, Idea, Sail Ltd, India Cement & Ambuja Cement.

And this is list of 10 Weak futures:

Orient Bank, Tata Comm, Ivrcl Infra, Renuka, Lic house, IOB, Aban Off shore, Allahabad Bank, Andhra Bank & RNRL.
 Nifty is in Up trend   

 

NIFTY FUTURES (F & O):  
Above 5120 level, expect short covering up to 5149-5151 zone and thereafter expect a jump up to 5168-5170 zone by non-stop.

Support at 5080 & 5097 levels. Below these levels, selling may continue up to 5069-5071 zone and thereafter slide may continue up to 5050-5052 zone by non-stop.

Below 5040-5042 zone, expect panic up to 5021-5023 zone by non-stop.

On Positive Side, cross above 5177-5179 zone can take it up to 5197-5199 zone by non-stop. Supply expected at around this zone and have caution.
 
Short-Term Investors:  
Bullish Trend. Stop Loss at 4801.00.
Up Side Target at 5477.00.
 
CNX BANK INDEX:  
Above 9039 level, expect short covering up to 9099-9101 zone and thereafter expect a jump up to 9158-9160 zone by non-stop.

Support at 8997-8999 zone. Below this zone, selling may continue up to 8979 level and thereafter slide may continue up to 8938-8940 zone by non-stop.

Below 8918-8920 zone, expect panic up to 8859-8861 zone by non-stop.

On Positive Side, cross above 9178-9180 zone can take it up to 9237-9239 zone by non-stop. Supply expected at around this zone and have caution.

 
Short-Term Investors:  
Bullish Trend. Stop Loss at 8550.00
Up Side Target at 9996.00.
 
Equity:  
HOUSING DEV & INFRA (NSE Cash)

No trigger & Range bound trading expected.

Above 351 level, rally may continue up to 362 level by non-stop.

Support at 345 level. Below this level, expect profit booking up to 333 & 337 levels by non-stop.
 
 
RANBAXY LABS (NSE Cash)

Explosive scrip. Negative factor is that, Stop Loss is too far on down side.

Above 520 & 522 levels, it can zoom up to 541 level and thereafter expect a jump up to 544-546 zone by non-stop.

Support at 512 level. Below this level, expect profit booking up to 497 level. Stop Loss can be placed at 495 level & too far on down side.
 
BHARTI AIRTEL (NSE Cash)

This scrip can go down further & your risk is high. 

Below 317 & 318 levels, selling may continue up to 300 & 301 levels and thereafter it can tumble up to 281-283 zone by non-stop.

Hurdle at 323 level. Above this level, there is a chance of short covering up to 336 level also possible. Stop Loss can be kept at 337 level & too far on upper side.
 
BATA (I) (NSE Cash)

No trigger & Range bound trading expected.

If crosses & sustains at above 201 & 202 levels, then rally may continue up to 208 level by non-stop.

Below 196 & 197 levels, expect profit booking up to 191 level by non-stop.
 
Will you take risk of Rs.2.55? (From Yesterday's closing price). 

Then Sell UNITECH (NSE Cash) with a Stop Loss of 89.00 level. 

Target at 79.60-80.60 zone.
 
 
Will you take risk of Rs.48.70? (From Yesterday's closing price). 

Then Buy INFOSYS TECHNOLO (NSE Cash) with a Stop Loss of 2450.05. 

Target at 2585.95-2587.95 zone.
 
 
Will you take risk of Rs.51.55? (From Yesterday's closing price).

Then Buy BHEL (NSE Cash) with a Stop Loss of 2358.00. 

Target at 2501.70-2503.70 zone.
 
OPTIONS (NSE): 
 NIFTY 5000 PUT OPTION

Expected to fall. Negative factor is that, up side risk is more.

Up side may be limited up to 77-79 zone. If crosses & sustains, then it can zoom up to 93 level by non-stop.

Below 63-65 zone, unwinding may continue up to 42 & 52 levels and thereafter it can tumble up to 35-37 zone by non-stop.
 
TATASTEEL 540 PUT OPTION

No trigger & Range bound trading expected.

Below 14-16 zone, unwinding may continue up to 11 level by non-stop.

20 & 21 levels will continue to resist up move. If crosses & sustains, then it can zoom up to 25 level by non-stop.
 
STOCK FUTURES (NSE):  
ICICI BANK FUTURES

Expect volatility.

Below 844 & 849 levels, selling may continue up to 835 level and thereafter it can tumble up to 825-827 zone by non-stop.

Hurdle at 860 level. Above this level, expect short covering up to 874 level and thereafter expect a jump up to 879-881 zone by non-stop.
 
 
SBI FUTURES 

Expect volatility.

Up side rally up to 2251 level is possible. Below 2226 & 2242 levels, selling may continue up to 2202 level and thereafter it can tumble up to 2194-2196 zone by non-stop.

On Positive Side, cross above 2270 level can take it up to 2287 level and thereafter expect a jump up to 2297-2299 zone by non-stop.
 
INVESTMENT BUYS:
STEEL AUTHORITY (NSE Cash)  

Good looking scrip for 1 Month Holding. Target at 232 level (or) even up to 247-249 zone.

Negative Factors:

1 Day: Choppy Trading expected & will rebound from lower levels.

1 Week: Choppy Trading expected & will rebound from lower levels.
 
BAJAJ AUTO (NSE Cash)

Good looking scrip for 1 Month Holding. Target at 1996 level (or) even up to 2000-2002 zone.

Negative Factors:

1 Day: Choppy Trading expected & will rebound from lower levels.

1 Week: Choppy Trading expected & will rebound from lower levels.
 
SPOT LEVELS TODAY

	5105.70	( -0.23 %)	-11.60
		1	2	3
Resistance		5144.88	5184.07	5211.43
Support		5078.33	5050.97	5011.78

	17097.55		( -0.13 %)	-21.48
			1	2	3
Resistance			17232.44	17367.32	17459.46
Support			17005.42	16913.28	16778.40

Q3 Advance Tax numbers ((All YoY except where mentioned QoQ))
-Tata Motors pays Rs 100 crore versus Nil (YoY)
-M&M pays Rs 195 crore versus Rs 4.5 crore (YoY)
-Tata Steel pays Rs 650 crore versus Rs 260 crore (YoY)
-Hindalco pays Rs 100 crore versus Rs 40 crore
-HUL pays Rs 200 crore versus Rs 155 crore: Sources
-L&T pays Rs 270 crore versus Rs 312 crore (YoY)
-Grasim Q3 advance tax at Rs 150 crore versus Rs 75 crore: Sources
-UltraTech pays Rs 90 crore versus Rs 65 crore (YoY)
-HDFC Q3 advance tax at Rs 320 crore versus Rs 280 crore: Sources
-Dena Bank pays Rs 65 crore versus Rs 60 crore (YoY)
-IndusInd Bank pays Rs 65 crore versus Rs 22 crore (YoY)
-Bank Of Baroda pays Rs 330 crore versus Rs 220 crore (YoY)
-Bank Of India pays Rs 102 crore versus Rs 370 crore (YoY)

-Central Bank pays Rs 138 crore versus Rs 163 crore (YoY)
-Tata Power pays Rs 81 crore versus Rs 29 crore (YoY)
-Tata Chem pays Rs 40 crore versus Rs 83 crore (YoY)
-Indian Oil Q3 advance tax nil versus Rs 1,100 crore (QoQ)
-BPCL Q3 advance tax at nil 
-Bajaj Auto pays Rs 320 crore versus Rs 105 crore

 

 stocks that are in news today:
-Sources indicate RIL yet to decide on the final bid for Lyondell-basel
-JSW Energy sets issue price of Rs 100/share (Rs 5 discount to retail investors)

 

 

-GMR to raise Rs 1,200 crore via stake sale in GMR Energy, in talks with Temasek – Agencies
-Kingfisher still in NSE F&O curb
-Golden Tobacco board meet on December 21 to consider development of properties
-Bajaj Hindusthan Q4 numbers today
-Godrej Consumer board meet today on fund raising
-Infra firms may get MAT relief – BS (Budget expectations)
-Gemini Communication close to bagging BSNL's Rs 1,000 crore Wimax deal – DNA
-Redington board approves investment of $29 million into its wholly owned subsidiary

 

 

FUNDS DATA

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	14-Dec-2009	1829.1	1766.83	62.27

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	14-Dec-2009	1212.42	1103.5	108.92

 

--
Arvind Parekh
+ 91 98432 32381