Strong & Weak Stocks
This is list of 10 strong stocks:
Hind Petro, BPCL, Bharat Forg, Aban Off shore, Orchid Chem, GTL, Indusind Bank, Pantaloon Retail, Titan & Ashok Ley.
And this is list of 10 Weak Stocks
RNRL, TV-18, Patni, Sterling Biotech, JP Associates, India Info, ACC, HCL Tech, Sesa Goa & Sail Ltd.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5330.90 | 5364.95 | 5409.40 |
| Support | 5252.40 | 5207.95 | 5173.90 |
| Sensex | Resistance | 17741.24 | 17830.75 | 17933.13 |
| Support | 17549.35 | 17446.97 | 17357.46 |
SUPPORT/ RESISTANCE CASH MARKET
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Aban Offshore Ltd. | NSE | 862.15 | 870.83 | 851.73 | 879.52 | 841.32 | 889.93 | 832.63 | | ACC Ltd. | NSE | 842.75 | 860.37 | 830.67 | 877.98 | 818.58 | 890.07 | 800.97 | | Ashok Leyland Ltd. | NSE | 69.05 | 69.80 | 68.15 | 70.55 | 67.25 | 71.45 | 66.50 | | Bank of Baroda | NSE | 719.00 | 728.27 | 711.37 | 737.53 | 703.73 | 745.17 | 694.47 | | Bank of India | NSE | 368.05 | 370.90 | 363.75 | 373.75 | 359.45 | 378.05 | 356.60 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 966.00 | 968.92 | 964.14 | 971.85 | 962.29 | 973.70 | 959.36 | | Bharat Forge Ltd. | NSE | 323.30 | 331.65 | 311.70 | 340.00 | 300.10 | 351.60 | 291.75 | | Bharat Heavy Electricals Ltd. | NSE | 2386.55 | 2405.53 | 2371.03 | 2424.52 | 2355.52 | 2440.03 | 2336.53 | | Bharat Petroleum Corporation Ltd. | NSE | 698.50 | 713.60 | 672.50 | 728.70 | 646.50 | 754.70 | 631.40 | | Bharti Airtel Ltd. | NSE | 280.95 | 283.18 | 278.03 | 285.42 | 275.12 | 288.33 | 272.88 | | GTL Infrastructure Ltd. | NSE | 46.05 | 46.55 | 45.30 | 47.05 | 44.55 | 47.80 | 44.05 | | HCL Technologies Ltd. | NSE | 359.55 | 361.60 | 357.60 | 363.65 | 355.65 | 365.60 | 353.60 | | Hindalco Industries Ltd. | NSE | 144.85 | 146.03 | 143.08 | 147.22 | 141.32 | 148.98 | 140.13 | | Hindustan Construction Company Ltd. | NSE | 121.65 | 124.52 | 118.47 | 127.38 | 115.28 | 130.57 | 112.42 | | Hindustan Oil Exploration Company Ltd. | NSE | 239.70 | 244.73 | 236.63 | 249.77 | 233.57 | 252.83 | 228.53 | | Hindustan Unilever Ltd. | NSE | 266.45 | 268.63 | 264.18 | 270.82 | 261.92 | 273.08 | 259.73 | | Hindustan Zinc Ltd. | NSE | 951.20 | 960.03 | 945.18 | 968.87 | 939.17 | 974.88 | 930.33 | | India Cements Ltd. | NSE | 107.65 | 108.53 | 106.93 | 109.42 | 106.22 | 110.13 | 105.33 | | India Infoline Ltd. | NSE | 94.00 | 94.57 | 93.47 | 95.13 | 92.93 | 95.67 | 92.37 | | Indian Bank | NSE | 238.95 | 241.30 | 237.10 | 243.65 | 235.25 | 245.50 | 232.90 | | Indian Hotels Company Ltd. | NSE | 105.25 | 106.20 | 104.40 | 107.15 | 103.55 | 108.00 | 102.60 | | Indian Hotels Company Ltd. - Rights - 6% NCD | NSE | 100.82 | 99.54 | 98.54 | 100.06 | 98.06 | 100.54 | 97.54 | | Indian Oil Corporation Ltd. | NSE | 396.50 | 402.00 | 390.80 | 407.50 | 385.10 | 413.20 | 379.60 | | Indian Overseas Bank | NSE | 107.15 | 108.67 | 106.32 | 110.18 | 105.48 | 111.02 | 103.97 | | IndusInd Bank Ltd. | NSE | 218.85 | 222.10 | 214.30 | 225.35 | 209.75 | 229.90 | 206.50 | | NSE Index | NSE | 5296.85 | 5330.90 | 5252.40 | 5364.95 | 5207.95 | 5409.40 | 5173.90 | | Orchid Chemicals & Pharmaceuticals Ltd. | NSE | 177.80 | 178.68 | 176.73 | 179.57 | 175.67 | 180.63 | 174.78 | | Pantaloon Retail (India) Ltd. | NSE | 458.65 | 469.70 | 451.90 | 480.75 | 445.15 | 487.50 | 434.10 | | Patni Computer Systems Ltd. | NSE | 506.95 | 512.62 | 503.17 | 518.28 | 499.38 | 522.07 | 493.72 | | Reliance Capital Ltd. | NSE | 759.90 | 772.20 | 752.30 | 784.50 | 744.70 | 792.10 | 732.40 | | Reliance Communications Ltd. | NSE | 187.80 | 189.60 | 185.80 | 191.40 | 183.80 | 193.40 | 182.00 | | Reliance Industries Ltd. | NSE | 1057.10 | 1066.02 | 1051.72 | 1074.93 | 1046.33 | 1080.32 | 1037.42 | | Reliance Natural Resources Ltd. | NSE | 44.75 | 45.60 | 44.25 | 46.45 | 43.75 | 46.95 | 42.90 | | Reliance Power Ltd. | NSE | 175.10 | 177.47 | 173.67 | 179.83 | 172.23 | 181.27 | 169.87 | | Sterling Biotech Ltd. | NSE | 106.00 | 107.28 | 105.18 | 108.57 | 104.37 | 109.38 | 103.08 | | Titan Industries Ltd. | NSE | 2490.75 | 2531.83 | 2432.83 | 2572.92 | 2374.92 | 2630.83 | 2333.83 | |
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*LTP stands for Last Traded Price as on Thursday, July 08, 2010 4:04:48 PM |
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#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 |
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The levels given above are with respect to previous closing price on the NSE / BSE.
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| Today Market Update on |
http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-09Jul2010.htm
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| Corporate News Headline |
| • | Suzlon Energy bagged an order from state-run Hindustan Petroleum Corp for supplying turbines for the oil company's 25.5-MW project at Jaisalmer in Rajasthan. (BS) |
| • | Reliance Power announced the financial closure of its 4,000 megawatt Krishnapatnam ultra mega power project. The company has raise debt to the tune of Rs. 131.25 bn from 15 banks to finance this project which has an estimated cost of Rs. 175 bn. (BS) |
| • | Mahindra & Mahindra will decide after a due diligence whether to make a bid for Korean firm Ssangyong Mahindra, Pawan Goenka told reporters. (BS) |
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| Economic and Political Headline |
| • | Food inflation eased, but fuel inflation accelerated in late June and a recent hike in fuel prices kept the case for the central bank to top up its last Friday's rate hike when it reviews policy on July 27. Data released showed the food price index rose an annual 12.63% in the year to June 26, slower than the previous week's 12.92%, largely as prices in the year-ago period were high. The fuel price index went up by 18.02% during the period, compared with the previous week's 12.90%. The primary articles index rose by 16.08%, compared with 14.75% in the previous week. (BS) |
| • | The number of Americans applying for jobless benefits last week fell to 454,000, a level that indicates improvement in the labor market is taking time to develop. Initial jobless claims decreased by 21,000 in the week ended July 3, Labor Department figures showed. (Bloomberg) |
| • | Consumer borrowing in the US dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The USD 9.1 bn decrease followed a revised USD 14.9 bn slump in April, the Federal Reserve reported. (Bloomberg) |
| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1798.31 | 0.48% | (3.33)% | | DJIA | 10138.99 | 1.20% | (2.77)% | | S&P 500 | 1070.25 | 0.94% | (4.02)% | | • | US stocks rose, with the Standard & Poor's 500 Index capping its first three-day rally since April, as a drop in jobless claims and higher-than-forecast sales at some retailers bolstered confidence in the economy. The NASDAQ, Dow Jones and S&P 500 surged 0.48%, 1.20% and 0.94%, respectively. DuPont Co. and McDonald's Corp. climbed more than 2.5% to lead the Dow Jones Industrial Average higher. Boeing Co. gained 2.3% after reporting more than USD 3 bn in new orders for its 737 airplane. J.C. Penney Co. and Abercrombie & Fitch Co. surged at least 6.7% after reporting June sales that beat estimates. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5105.45 | 1.81% | (5.68)% | | CAC 40 | 3538.25 | 1.57% | (10.11)% | | • | UK stocks rose for a third day as the International Monetary Fund's increased global growth forecast and statements from Hays Plc to Galliford Try Plc suggested the economic recovery is intact. The FTSE 100 added 90.63 points or 1.81% at 5,105.45. Lloyds Banking Group Plc climbed 4.3% as BofA Merrill Lynch Global Research reiterated its view that shares of the lender may double within two years. Old Mutual Plc advanced 3.5% after Sky News reported that HSBC Holdings Plc is in the early stages of assessing a bid for Nedbank Group Ltd., which is majority owned by Old Mutual. | |
| Buy / Sell (Jul 08, 2010) |
| | Buy | Sell | Net |
| FII | 1461.96 | 1511.20 | - 49.24 |
| DII | 1037.06 | 902.37 | + 134.69 |
*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
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