Market Outlook 10th Aug 2010

Strong & Weak Stocks

This is list of 10 strong stocks: 

Petronet, IOB, Allahabad Bank, Tata Motors, Tata Chem, MLL, Educomp, Hind Zinc, UCO Bank & Dish TV. 

And this is list of 10 Weak stocks: 

RNRL, Patni, Punj Lloyd, Nagar Const, Finance Tech, R Power, EKC, Reliance, Maruti & Dr Reddy.

The daily trend of nifty is in Uptrend 

• Supp / Resis SPOT/ CASH LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5507.88	5529.62	5566.93
		Support	5448.83	5411.52	5389.78
	Sensex	Resistance	18351.20	18414.90	18520.55
		Support	18181.85	18076.20	18012.50

\

SUPPORT/ RESISTANCE LEVELS IN CASH MARKET / SPOT LEVELS FOR INTRADAY TRADING

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Allahabad Bank NSE 205.85 207.83 202.53 209.82 199.22 213.13 197.23 Bank of Baroda NSE 770.35 777.42 759.62 784.48 748.88 795.22 741.82 Bank of India NSE 438.65 441.63 433.83 444.62 429.02 449.43 426.03 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1052.43 1057.92 1046.02 1063.41 1039.61 1069.82 1034.12 Dish TV India Ltd. NSE 49.95 50.85 48.80 51.75 47.65 52.90 46.75 Everest Industries Ltd. NSE 270.55 275.70 266.70 280.85 262.85 284.70 257.70 Everest Kanto Cylinder Ltd. NSE 119.95 121.15 118.50 122.35 117.05 123.80 115.85 Everonn Education Ltd. NSE 582.90 594.20 569.30 605.50 555.70 619.10 544.40 Hindalco Industries Ltd. NSE 167.05 168.45 164.70 169.85 162.35 172.20 160.95 Hindustan Construction Company Ltd. NSE 143.15 144.63 140.83 146.12 138.52 148.43 137.03 Hindustan Oil Exploration Company Ltd. NSE 234.45 237.18 231.48 239.92 228.52 242.88 225.78 Hindustan Petroleum Corporation Ltd. NSE 446.05 449.23 442.53 452.42 439.02 455.93 435.83 Hindustan Unilever Ltd. NSE 256.05 257.92 254.17 259.78 252.28 261.67 250.42 Hindustan Zinc Ltd. NSE 1116.55 1127.60 1098.75 1138.65 1080.95 1156.45 1069.90 India Cements Ltd. NSE 109.15 110.85 106.50 112.55 103.85 115.20 102.15 India Infoline Ltd. NSE 101.25 103.03 98.23 104.82 95.22 107.83 93.43 Indiabulls Securities Ltd. NSE 27.05 27.50 26.45 27.95 25.85 28.55 25.40 Indian Bank NSE 232.50 234.67 229.67 236.83 226.83 239.67 224.67 Indian Oil Corporation Ltd. NSE 366.30 369.32 364.02 372.33 361.73 374.62 358.72 Indian Overseas Bank NSE 130.00 132.13 126.43 134.27 122.87 137.83 120.73 Indraprastha Gas Ltd. NSE 301.15 303.03 298.63 304.92 296.12 307.43 294.23 IndusInd Bank Ltd. NSE 214.20 218.43 208.28 222.67 202.37 228.58 198.13 Maruti Suzuki India Ltd. NSE 1232.10 1238.82 1220.57 1245.53 1209.03 1257.07 1202.32 Mercator Lines Ltd. NSE 52.80 53.30 52.15 53.80 51.50 54.45 51.00 Nagarjuna Construction Co. Ltd. NSE 167.55 169.08 165.03 170.62 162.52 173.13 160.98 Nagarjuna Fertilisers & Chemicals Ltd. NSE 31.30 31.78 30.63 32.27 29.97 32.93 29.48 NSE Index NSE 5486.15 5507.88 5448.83 5529.62 5411.52 5566.93 5389.78 Patni Computer Systems Ltd. NSE 454.20 458.13 449.13 462.07 444.07 467.13 440.13 Petronet LNG Ltd. NSE 103.85 105.65 101.30 107.45 98.75 110.00 96.95 Punj Lloyd Ltd. NSE 120.15 121.30 118.90 122.45 117.65 123.70 116.50 Punjab National Bank NSE 1111.45 1121.88 1098.13 1132.32 1084.82 1145.63 1074.38 Reliance Capital Ltd. NSE 769.95 784.90 760.00 799.85 750.05 809.80 735.10 Reliance Industries Ltd. NSE 993.60 1002.40 988.40 1011.20 983.20 1016.40 974.40 Reliance Natural Resources Ltd. NSE 39.65 40.10 39.25 40.55 38.85 40.95 38.40 Reliance Power Ltd. NSE 158.60 159.97 157.22 161.33 155.83 162.72 154.47 Tata Chemicals Ltd. NSE 367.90 373.43 359.68 378.97 351.47 387.18 345.93 Tata Communications Ltd. NSE 293.65 301.65 279.50 309.65 265.35 323.80 257.35 Tata Elxsi Ltd. NSE 250.30 253.77 246.97 257.23 243.63 260.57 240.17 Tata Motors Ltd. NSE 919.40 929.10 902.35 938.80 885.30 955.85 875.60 Tata Power Company Ltd. NSE 1326.00 1329.57 1322.22 1333.13 1318.43 1336.92 1314.87 Tata Steel Ltd. NSE 540.10 544.35 533.50 548.60 526.90 555.20 522.65 Tata Teleservices (Maharashtra) Ltd. NSE 23.75 24.05 23.55 24.35 23.35 24.55 23.05 UCO Bank NSE 97.80 98.57 96.57 99.33 95.33 100.57 94.57

*LTP stands for Last Traded Price as on Monday, August 09, 2010 4:04:46 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.

Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-09-Aug-2010.htm

Todat Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-10Aug2010.htm

Corporate News Headline
•	SAIL commissioned a Rs. 394 mn unit at its Salem steel plant. SAIL Chairman C S Verma commissioned a new 70,000 tonnes per annum Tension Levelling Line at SAIL's Salem Steel Plant. (BS)
•	BHEL bagged a contract worth Rs. 25.25 bn from Abhijeet Infra for setting up a 1,080 MW thermal power plant in Jharkhand. (BS)
•	Reliance Capital reported a decline of 49.04% in net profit at Rs. 769.7 bn for the first quarter ended June 30. It had a net profit of Rs. 1510.4 bn during the corresponding period of last fiscal, Reliance Capital said. (BS)
Economic and Political Headline
•	The government has exempted state-owned firms from new rules requiring companies to have a public float of at least 25%, following two major share sales from government-owned firms earlier in the year that drew tepid responses. The regulations, set out by the government in June, requires listed companies with a free float of less than 25% to increase it by a minimum of 5% a year. (BS)
•	German exports rose more than economists forecast in June as the global recovery helped bolster an export-led expansion in Europe's largest economy. Sales abroad, adjusted for working days and seasonal changes, rose 3.8% from May, when they increased a revised 7.9%, the Federal Statistics Office in Wiesbaden said. (Bloomberg)
•	Taiwan's exports rose for a ninth month as demand for the island's microchips and computers weathered global risks threatening Asian shipments. Exports advanced 38.5% in July from a year earlier, the Ministry of Finance said in Taipei. Imports rose 42.7% for a trade surplus of USD 2.16 bn (Bloomberg)

US and European markets
Index Latest 1D Chg YTD Nasdaq 1915.17 0.65% 2.95% DJIA 10698.75 0.42% 2.60% S&P 500 1127.79 0.55% 1.14% • US stocks climbed, with the Standard & Poor's 500 Index building on last week's rally, amid speculation the Federal Reserve may introduce measures to stimulate economic growth tomorrow. The NASDAQ, Dow Jones and S&P 500 added 0.65%, 0.42% and 0.55%, respectively. McDonald's Corp. rose 1.7% after beating sales estimates. EBay Inc. gained 2.8% after former unit Skype SA filed for an initial public offering. Target Corp. advanced 2.4% after Barron's said the retailer's focus on higher-margin goods may boost earnings. Index Latest 1D Chg YTD FTSE 100 5410.52 1.47% (0.04)% CAC 40 3777.37 1.65% (4.04)% • UK climbed for the first time in five days amid speculation weaker jobs growth in the US will prompt the Federal Reserve to extend efforts to shore up the world's biggest economy. The FTSE 100 added 78.13 points or 1.47% at 5,410.52. Barclays Plc and HSBC Holdings Plc gained more than 1%, as banks shares led the benchmark FTSE 100 Index higher. International Power Plc climbed 3.7% as two people familiar with the matter said GDF Suez SA, France's second-largest utility, may take control of the British company with interests in more than 45 power stations.
Buy / Sell (Aug 09, 2010)   Buy Sell Net FII 2381.29 1859.17 522.17 DII 1085.30 1130.81 - 45.51
	*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.

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Arvind Parekh
+ 91 98432 32381