Market Outlook 3rd June 2009

NIFTY FUTURES LEVELS TODAY
RESISTANCE
4555
4606
4655
4671
4720
SUPPORT
4520
4503
4485
4452
4436
4403

Intraday Calls 03rdJun 2009
+ve Sector, Scripts : IT, Metals
BUY Hindzinc-649 for a target 680 stop loss 643
BUY Tatasteel-474 for a target 493-501 stop loss 465

Breakout Calls
BUY Rolta-145 for a target 200 stop loss 135
BUY SAIL-181 for a target 203 stop loss 177

Expected Breakout Calls

BUY Jindalswhl-672 above 680 for a target 722 stop loss 670
BUY JindalSaw-414 above 417 for a target 440 stop loss 411
BUY GAIL-310 above 319 for a target 340 stop loss 311

Strong & Weak futures
This is list of 10 strong futures:
Voltas, Reding Ton, IVR Prime, Hotel Leela, NIIT Ltd., IVRCL Infra, Wel Guj, Tata Steel, Escorts & Rolta.
And this is list of 10 Weak :
Sunpharma, Cipla, Dabur, Bharti Airtel, Hind Uni Lvr, Dr. Reddy, ITC, Colpal, Lupin & Sterlin Bio.
Nifty is in Up Trend .

NIFTY FUTURES (F & O):
Hurdle at 4555 level. Above this level, expect short covering up to 4604-4606 zone and thereafter expect a jump up to 4653-4655 zone by non-stop.
Support at 4503 & 4520 levels. Below these levels, selling may continue up to 4485-4487 zone and thereafter slide may continue up to 4452-4454 zone by non-stop.

Buy if touches 4436-4438 zone. Stop Loss at 4403-4405 zone.

On Positive Side, cross above 4669-4671 zone can take it up to 4718-4720 zone. If crosses & sustains this zone then uptrend may continue.

Short-Term Investors:
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.

BSE SENSEX:
Higher opening expected. Uptrend should continue.

Short-Term Investors:
Short-Term trend is Bearish and target at around 12478 level on down side.
Maintain a Stop Loss at 14931 level for your short positions too.
3 closes above 14931 level, it can zoom up to 16157 level.

POSITIONAL BUY:
Buy TATA STEEL (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 463 level, then buying may continue up to 486 level. Cross above 501 level, expect fire works too.

If breaks 462 level, then traders can expect profit booking up to 449 level.

Buy SATYAM COMPUTER (NSE Cash)
Higher opening expected. Buying may continue.

If trades above 61 level, then buying may continue up to 64 level. Cross above 66 level, expect fire works too.

If breaks 61 level, then traders can expect profit booking up to 60 level.

Buy STATE BANK (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 1859 level, then buying may continue up to 1955 level. Cross above 2013 level, expect fire works too.

If breaks 1859 level, then traders can expect profit booking up to 1803 level.

Buy IFCI FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 52 level, then buying may continue up to 55 level. Cross above 56 level, expect fire works too.

If breaks 52 level, then traders can expect profit booking up to 50 level.

Buy FIRSTSOURCE SOLUTIONS FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 28 level, then buying may continue up to 30 level.

If breaks 28 level, then traders can expect profit booking up to 27 level.

Global Cues & Rupee
The Dow Jones Industrial Average closed at 8,740.87. Up by 19.43 points.
The Broader S&P 500 closed at 944.74. Up by 1.87 points.

The Nasdaq Composite Index closed at 1,821.76. Up by 8.12 points.

The partially convertible rupee ended at 47.02/03 per dollar on yesterday, weaker than Monday's close of 46.94/95.

SPOT LEVELS

	4525.25	( -0.10 %)	-4.65
		1	2	3
Resistance		4590.67	4656.08	4725.77
Support		4455.57	4385.88	4320.47

	14874.91		( 0.23 %)	34.28
			1	2	3
Resistance			15043.40	15211.90	15429.48
Support			14657.32	14439.74	14271.24

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	02-Jun-2009	3757.39	3990.68	-233.29

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	02-Jun-2009	1615.88	2040.02	-424.14

Did Retail Investors Panic & Sell? BSE 526801

Institutional Holdings % 35.13 34.29 34.9 34.35 Institution Jun-08 Sep-08 Dec-08 Mar-09 Nos % Nos % Nos % Nos % Abn Amro Bank NV London Branch 586,805 1.37 586805 1.37 Lloyd Systems Pvt Ltd 2,522,190 5.91 2522190 5.91 2592190 6.07 2592190 6.07 LB India Holdings Cayman II Ltd 980,408 2.30 980408 2.3 980408 2.3 980408 2.3 International Finance Corporation 875,000 2.05 875000 2.05 875000 2.05 875000 2.05 Citigroup Global Markets Mauritius Pvt Ltd 928,865 2.17 916336 2.15 916336 2.15 916336 2.15 CLSA Mauritius Ltd 1,013,492 2.37 922381 2.16 1791316 4.19 1791316 4.19 Deutsche Securities Mauritius Ltd 1,159,177 2.71 1085856 2.54 688955 1.61 Macquarie Bank Ltd 1,287,485 3.01 1287485 3.01 878385 2.06 778385 1.82 Swiss Finance Corpn Mauritius 1039067 2.43 726323 1.7 575802 1.35 HSBC Unique Opportunities Fund 453,572 1.06 0 0 HSBC Advantage India Fund 480,000 1.12 0 0 JM Financial Ventures 542,622 1.27 542622 1.27 542622 1.27 J M Financial Mutual Fund JM Agri & Infrafund 1,169,602 2.74 1013172 2.37 1039446 2.43 1039146 2.43 J M Financial Mutual Fund JM Contra Fund 864,797 2.02 829797 1.94 829797 1.94 829797 1.94 J M Trustee Company Ltd A/c JM Mutual Fund Basi 1,895,898 4.44 2045898 4.79 2080398 4.87 1780398 4.17 Goldman Sachs Investments Mauritius India Ltd FCCB 786,816 1.84 0 0 Sundaram BNP Paribas 966318 2.26 966138 2.26 Sandstone Cap India Master Fund 1001685 2.35 Total 15,004,107 35.13 14647017 34.29 14907314 34.9 14669223 34.35 (Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)

--
Arvind Parekh
+ 91 98432 32381