Market Outlook for 9th April

 

NIFTY FUTURES (F & O)
  Rally may continue up to 3379-3381 zone for time being.

Support at 3306 & 3345 levels. Below these levels, expect profit booking up to 3225-3227 zone and thereafter slide may continue up to 3145-3147 zone by non-stop.

Buy if touches 3066-3068 zone. Stop Loss at 2987-2989 zone.

On Positive Side, cross above 3458-3460 zone can take up to 3537-3539 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 11125 level on upper side.

Maintain a Stop Loss at 10724 level for your long positions too.

3 closes below 10724 level, it can tumble up to 10323 level by non-stop.

 

BSE SENSEX  
  Traders can expect profit booking.
  
Short-Term Investors: 
  Short-Term trend is Bullish and target at around 11125 level on upper side.

Maintain a Stop Loss at 10724 level for your long positions too.

3 closes below 10724 level, it can tumble up to 10323 level by non-stop.
 

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

Essar Oil, Penin Land, Gitanjali, HDIL, Hind Oil Exp, JSW Steel, Nagar Fert, DCB, Bharat Forg & Nagar Const.

And this is list of 10  Weak Futures:

Wock Pharma, Sterling Bio, Colpal, Glaxo, Hind Petro, Dabur, Divi's Lab, Hind Unilvr, Canara Bank & PFC.
Nifty is in Up Trend.

 

GLOBAL CUES & RUPEE

The Dow Jones Industrial Average closed at 7,837.11. Up by 47.55 points.

The Broader S&P 500 closed at 825.16. Up by 9.61 points.

The Nasdaq Composite Index closed at 1,590.66. Up by 29.05 points.

The partially convertible rupee <INR=IN> ended at 50.19/20 per dollar on yesterday, weaker than Monday's close of 50.04/05.

CAPITAL GOODS Stocks May Zoom

 

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	08-Apr-2009	3750.95	3177.62	573.33

 

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	08-Apr-2009	869.6	1247.82	-378.22

 

 RIL BUY 1694 S/L 1684 TGT 1732 – 1770 – 1794 – 1819 & SELL 1681 S/L 1690 TGT 1663 – 1645 – 1603 – 1581 – 1560

TCS BUY 610 S/L 592 TGT 616 – 623 – 634 – 645 & SELL 588 S/L 595 TGT 581 – 575 – 560 – 545

REL INFRA BUY 607 S/L 603 TGT 614 – 622 – 637 – 645 – 654 & SELL 602 S/L 606 TGT 595 – 587 – 570 – 555

NTPC BUY 198 S/L 192 TGT 204 – 212 & SELL 190 S/L 193 TGT 186 – 175

RIIL BUY 620 S/L 587 TGT 663 – 706 – 729 - 750 – 7776 – 800 & SELL 545 S/L 559 TGT 505 – 464 – 428 – 392 – 356 – 320

spot levels

	3387.95	( 1.35 %)	45.00
		1	2	3
Resistance		3416.92	3490.88	3624.72
Support		3209.12	3075.28	3001.32

	10896.09		( 1.43 %)	153.75
			1	2	3
Resistance			10956.33	11170.32	11562.53
Support			10350.13	9957.92	9743.93

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Arvind Parekh
+ 91 98432 32381