Corporate News Headline
RIL will soon launch Madhya Pradesh´s first coal bed methane power plant in Shahdol district in the state and would later start work for setting up three units of 410 MW each for the 1,250 MW plant. (BS) Indian Oil Corporation can buy up to 1.5 MT of crude oil a year from Cairn India from the latter´s Rajasthan fields. (BS) Cairn India is planning to invest USD 3.8 bn in three blocks out of its 25 discoveries in Rajasthan, more than double the previously approved cost of USD 1.5 bn. (BS) Economic and Political Headline The government´s direct tax collection was Rs. 1,000 bn short of budget estimate, with barely two month remaining for the current financial year to end. The tax collection till February 1 stood at Rs 2,470 bn, while the budget estimate was Rs. 3,650 bn. (BS) The government is considering another stimulus package for the housing industry, in terms of providing cheaper input costs and low cost of money. (ET) The US service industries shrank at a slower pace than forecast in January, a positive trend threatened by soaring joblessness that will likely cause further cutbacks in consumer spending. (Bloomberg)Strong & Weak futures
This is list of 10 strong futures:
WWIL, Polaris, HTMT Global, Bindal Agro, Balram Chini, Jindal Steel, BEL, Maruti, Dena Bank & Renuka.
And this is list of 10 Weak Futures:
DLF, Edu Comp, HDIL, Aban, Wel Guj, Punj Lloyd, GDL, Divis Lab, GItanjali & Pantaloon.
Nifty is in Up Trend.
NIFTY FUTURES (F & O)
Below 2770 level, expect profit booking up to 2742-2744 zone and thereafter slide may continue up to 2724-2726 zone by non-stop.
Hurdles at 2791 & 2807 levels. Above these levels, buying may continue up to 2816-2818 zone and thereafter it can touch 2834-2836 zone by non-stop.
Cross above 2842-2844 zone, it can zoom up to 2860-2862 zone and thereafter expect a jump up to 2913-2915 zone and supply expected at around this zone.
On Negative Side, break below 2715-2717 zone can create panic up to 2698-2700 zone and rebound expected at around this zone. Stop Loss at 2680-2682 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 2728 level, it can zoom up to 2942 level by non-stop.
BSE SENSEX
Traders can expect bounce.
Short-Term Investors:
Short-Term trend is Bullish and target at around 9678 level on upper side.
Maintain a Stop Loss at 9049 level for your long positions too.
Trading Calls 05th Feb 2009
USE STRICT Stop Loss for todays trading
Buy ACC-531 for 545 with sl 627 [Trading]
Buy Maruthi-602 for 614-620 with sl 597
Buy Gail-205 for 214 with sl 202
Buy ONGC-665 for 720 with sl 655[Breakout]
NIFTY & SENSEX SPOT LEVELS TODAY
 | 2803.05 | ( 0.69 %) | 19.15 |  |
| 1 | 2 | 3 | ||
| Resistance | 2836.60 | 2870.15 | 2898.10 | |
| Support | 2775.10 | 2747.15 | 2713.60 | |
 | 9201.85 | ( 0.57 %) | 52.55 | | |
| 1 | 2 | 3 | |||
| Resistance | 9305.32 | 9408.79 | 9479.37 | ||
| Support | 9131.27 | 9060.69 | 8957.22 | ||
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,956.66. Down by 121.70 points.
The Broader S&P 500 closed at 832.23. Down by 6.28 points.
The Nasdaq Composite Index closed at 1,515.05. Down by 1.25 points.
The partially convertible rupee <INR=IN> closed at 48.82/83 per dollar on yesterday, weaker than from Tuesday's close of 48.81/82.
HEALTHCARE Stocks May Fall
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 04-Feb-2009 | 1253.86 | 1280.94 | -27.08 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 04-Feb-2009 | 792.64 | 508.64 | 284 |
--Arvind Parekh
+ 91 98432 32381
