Welcome to All: 06.10

Wednesday, June 30, 2010

Market Outlook 29th June 2010

Strong & Weak Stocks

This is list of 10 strong stocks:

Hind Petro, GTL Infra, RCOM, BPCL, RNRL, ONGC, BRFL, Essar Oil, Renuka & Orchid Chem.

And this is list of 10 Weak Stocks:

Grasim, Mphasis, HCL Tech, India Cement, Petronet, DCHL, Indian Bank, Federal Bank, Yes Bank & Tulip.

The daily trend of nifty is in Uptrend

SPOT LEVELS

Supp / Resis

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5358.38	5383.27	5427.08
	Nifty	Support	5289.68	5245.87	5220.98
	Sensex	Resistance	17855.42	17936.59	18078.37
	Sensex	Support	17632.47	17490.69	17409.52

Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-28-Jun-2010.htm

Company Name	Exchange	LTP*	R1 ^#1	S1 ^@1	R2 ^#2	S2 ^@2	R3 ^#3	S3 ^@3
Bharat Heavy Electricals Ltd.	NSE	2478.15	2492.77	2457.77	2507.38	2437.38	2527.77	2422.77
Bharat Petroleum Corporation Ltd.	NSE	642.50	662.73	613.73	682.97	584.97	711.73	564.73
Bharti Airtel Ltd.	NSE	265.40	266.82	263.92	268.23	262.43	269.72	261.02
Bombay Rayon Fashions Ltd.	NSE	253.55	256.83	249.23	260.12	244.92	264.43	241.63
Deccan Chronicle Holdings Ltd.	NSE	123.45	125.10	121.10	126.75	118.75	129.10	117.10
Essar Oil Ltd.	NSE	140.90	143.80	138.50	146.70	136.10	149.10	133.20
Essar Shipping Ports & Logistics Ltd.	NSE	90.40	92.13	87.88	93.87	85.37	96.38	83.63
Federal Bank Ltd.	NSE	314.80	320.27	305.67	325.73	296.53	334.87	291.07
Grasim Industries Ltd.	NSE	1815.05	1826.03	1802.03	1837.02	1789.02	1850.03	1778.03
GTL Infrastructure Ltd.	NSE	47.10	48.75	46.10	50.40	45.10	51.40	43.45
HCL Technologies Ltd.	NSE	362.05	364.07	358.62	366.08	355.18	369.52	353.17
Hindalco Industries Ltd.	NSE	150.65	151.70	149.40	152.75	148.15	154.00	147.10
Hindustan Construction Company Ltd.	NSE	117.10	118.35	115.95	119.60	114.80	120.75	113.55
Hindustan Motors Ltd.	NSE	23.55	24.20	23.10	24.85	22.65	25.30	22.00
Hindustan Petroleum Corporation Ltd.	NSE	433.00	449.07	406.62	465.13	380.23	491.52	364.17
India Cements Ltd.	NSE	108.50	109.20	107.80	109.90	107.10	110.60	106.40
India Infoline Ltd.	NSE	99.20	100.38	97.18	101.57	95.17	103.58	93.98
Indiabulls Financial Services Ltd.	NSE	146.20	149.78	140.33	153.37	134.47	159.23	130.88
Indiabulls Real Estate Ltd.	NSE	157.45	160.17	152.87	162.88	148.28	167.47	145.57
Indian Bank	NSE	216.90	219.47	214.82	222.03	212.73	224.12	210.17
Indian Hotels Company Ltd.	NSE	106.55	107.80	104.25	109.05	101.95	111.35	100.70
Indian Oil Corporation Ltd.	NSE	397.60	420.07	372.57	442.53	347.53	467.57	325.07
Indian Overseas Bank	NSE	102.85	104.48	101.73	106.12	100.62	107.23	98.98
MphasiS Ltd.	NSE	563.00	573.07	556.77	583.13	550.53	589.37	540.47
NSE Index	NSE	5333.50	5358.38	5289.68	5383.27	5245.87	5427.08	5220.98
Orchid Chemicals & Pharmaceuticals Ltd.	NSE	166.90	168.32	164.77	169.73	162.63	171.87	161.22
Petronet LNG Ltd.	NSE	77.55	78.67	76.87	79.78	76.18	80.47	75.07
Reliance Capital Ltd.	NSE	784.25	792.25	771.70	800.25	759.15	812.80	751.15
Reliance Communications Ltd.	NSE	201.65	207.23	196.63	212.82	191.62	217.83	186.03
Reliance Industries Ltd.	NSE	1090.15	1099.72	1072.87	1109.28	1055.58	1126.57	1046.02
Reliance Natural Resources Ltd.	NSE	66.85	67.88	65.93	68.92	65.02	69.83	63.98
Reliance Power Ltd.	NSE	173.15	175.58	169.08	178.02	165.02	182.08	162.58
Tulip Telecom Ltd.	NSE	859.60	864.07	856.07	868.53	852.53	872.07	848.07
YES Bank Ltd.	NSE	272.05	274.17	269.27	276.28	266.48	279.07	264.37

*LTP stands for Last Traded Price as on Monday, June 28, 2010 4:04:15 PM

#1R1 stands for Resistance level 1 ^@1S1 stands for Support level 1

#2R2 stands for Resistance level 2 ^@2S2 stands for Support level 2

#3R3 stands for Resistance level 3 ^@3S3 stands for Support level 3

The levels given above are with respect to previous closing price on the NSE / BSE.

Corporate News Headline
•	BHEL said that its power sets have generated 490 billion units electricity in 2009-10. The company-built thermal, hydro, gas and nuclear sets produced a record 490 billion units of electricity in FY10. (BS)
•	Tata Power is planning to set up a 150 MW wind power plant in Maharashtra and Tamil Nadu to be commissioned during this year and next year. The company is also in the process of acquiring 20.95 MW operating wind assets in Maharashtra from Niskalp Energy. (BS)
•	Reliance Industries Limited has made its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B) in Cambay Basin. (BS)

Economic and Political Headline
•	The six core infrastructure industries grew 5% in May against 3.2% in the same month last year. While crude oil production rose 5.8% in May against a negative growth of 4.3% in the same month last year, finished steel grew slightly lower at 2.5% against 2.8%. Petroleum refinery output, too, grew by a robust 7.7%, against a negative 4.3% in the year-ago month. As per the data, cement output also slowed down to 8.6% against a smart 11.8% in May last year. But electricity generation more than doubled at 6.4% from 3% last year. (BS)
•	Incomes grew faster than spending in May, making it possible for American households to simultaneously increase savings. Consumer purchases rose 0.2%, after little change the prior month, Commerce Department figures showed. Incomes climbed 0.4%, and the savings rate increased to the highest level in eight months. (Bloomberg)
•	Japan's retail sales rose at the slowest pace since January, a sign that government incentives to purchase cars and household appliances are fading. Sales advanced 2.8% in May from a year earlier, the Trade Ministry said in Tokyo. (Bloomberg) Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-29Jun2010.htm

Buy / Sell (Jun 28, 2010)
	Buy	Sell	Net
FII	2219.55	1426.76	+ 792.79
DII	1416.11	1510.99	- 94.88

*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report.
--
Arvind Parekh
+ 91 98432 32381

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5314.93	5373.72	5413.28
	Nifty	Support	5216.58	5177.02	5118.23
	Sensex	Resistance	17719.45	17904.81	18031.67
	Sensex	Support	17407.23	17280.37	17095.01

Buy / Sell (Jun 29, 2010)
	Buy	Sell	Net
DII	1148.88	1263.59	- 114.71
DII	1828.26	2089.41	- 261.15
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES. Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report. -- Arvind Parekh + 91 98432 32381

Welcome to All

Wednesday, June 30, 2010

Market Outlook 30th June2010

Tuesday, June 29, 2010

Market Outlook 29th June 2010

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Corporate News Headline
•	ONGC and its' partners will tomorrow sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the New Exploration Licensing Policy. (BS)
•	State Bank of India fixed its benchmark lending rate at 7.5% following a Reserve Bank directive, a move that will end the practice of sub-prime loan to corporates. The rate will come into effect from July 1. (BS)
•	JSW Steel Ltd expects talks with Japan's JFE Holdings to close in another six months, Managing Director Sajjan Jindal said. JSW is in talks with JFE to sell 5-15% stake in the firm. (BS)

Economic and Political Headline
•	Prime Minister Manmohan Singh said diesel prices too will be freed from government control as part of "much-needed reforms" but LPG and kerosene will continue to be subsidised. The fact that petrol prices have been set free, the same is going to be done to the diesel prices. (These are) much- needed reforms," he told journalists accompanying him on his way back home from Toronto where he attended the G-20 Summit. (BS)
•	Confidence among US consumers declined in June more than forecast as Americans became pessimistic about the outlook for the labor market and the economy. The Conference Board's confidence index slumped to 52.9 this month from a revised 62.7 in May, figures from the New York-based private research group showed. (Bloomberg)
•	European confidence in the economic outlook unexpectedly improved in June after reviving global growth and a drop in the euro bolstered the region's recovery. An index of executive and consumer sentiment in the 16 euro nations rose to 98.7 from 98.4 in May, the European Commission in Brussels said. (Bloomberg)