Market Outlook 16th July 2010

Corporate News Headline
•	Reliance Industries will invest USD 3 bn to expand its petrochemicals unit in western Gujarat state. Reliance will build a two-million-tonne chemical plant in Jamnagar that will use gas from its refining operations as feedstock. (BS)
•	Larsen & Toubro, one of the contenders for NTPC's Rs. 250 bn bulk tender, asserted that there was no technical irregularity in its bid. A M Naik, the Chairman of Larsen & Toubro, met Power Secretary and is believed to have discussed the issue with him. (BS)
•	Reliance Communications added 2.82 million mobile subscribers in May, taking its total users to 108 million, the company said. (BS)
Economic and Political Headline
•	As it bets on a good monsoon for food prices to ease, the government said the Reserve Bank will consider appropriate policy actions to tighten money supply to bring down inflation. (BS)
•	German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe's largest economy. The Mannheim-based ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, slumped to 28.7 from 45.8 in May. (Bloomberg)
•	UK inflation slowed in May for the first time in three months as lower costs of items from food to transport eased price pressures in the economy. Consumer prices rose 3.4% from a year earlier, compared with 3.7% in April, the Office for National Statistics said. (Bloomberg)

Strong & Weak Stocks

This is list of 10 strong stocks: 

RNRL, RCOM, R Power, BRFL, Dish TV, Renuka, Rel Infra, TV-18, Rel Capita & Vijaya Bank. 

And this is list of 10 Weak stocks: 

Grasim, Aban Off shore, Punj Lloyd, KS Oils, BPCL, MTNL, Sesa Goa, MLL, Educomp & Bhushan Steel.

The daily trend of nifty is in Uptrend 

Today market update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-16Jun2010.htm

Derivatives EOD Report on  http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-15-Jun-2010.htm

SPOT / CASH INDEX LEVELS TODAY

	5222.35	( 0.47 %)	24.65
		1	2	3
Resistance		5245.52	5268.68	5305.92
Support		5185.12	5147.88	5124.72

	17412.83		( 0.43 %)	74.66
			1	2	3
Resistance			17487.07	17561.30	17680.11
Support			17294.03	17175.22	17100.99

SUPPORT / RESISTANCE LEVELS IN CASH MARKET

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 Bank of Baroda NSE 730.10 733.52 727.12 736.93 724.13 739.92 720.72 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 952.95 958.96 945.97 964.98 939.00 971.95 932.98 Bharat Electronics Ltd. NSE 1787.00 1805.08 1760.63 1823.17 1734.27 1849.53 1716.18 Bharat Petroleum Corporation Ltd. NSE 530.60 554.07 517.57 577.53 504.53 590.57 481.07 Bharti Airtel Ltd. NSE 269.55 272.98 265.58 276.42 261.62 280.38 258.18 Bhushan Steel Ltd. NSE 1373.10 1389.90 1353.65 1406.70 1334.20 1426.15 1317.40 Dish TV India Ltd. NSE 43.45 43.92 42.92 44.38 42.38 44.92 41.92 Educomp Solutions Ltd. NSE 538.40 553.57 529.12 568.73 519.83 578.02 504.67 Grasim Industries Ltd. NSE 1796.25 1811.10 1783.20 1825.95 1770.15 1839.00 1755.30 Mahanagar Telephone Nigam Ltd. NSE 55.60 56.80 54.25 58.00 52.90 59.35 51.70 Mahindra & Mahindra Ltd. NSE 608.15 615.77 602.77 623.38 597.38 628.77 589.77 Mercator Lines Ltd. NSE 46.15 47.00 45.35 47.85 44.55 48.65 43.70 NSE Index NSE 5222.35 5245.52 5185.12 5268.68 5147.88 5305.92 5124.72 Punj Lloyd Ltd. NSE 121.15 123.18 117.83 125.22 114.52 128.53 112.48 Punjab National Bank NSE 1051.00 1061.82 1039.37 1072.63 1027.73 1084.27 1016.92 Reliance Capital Ltd. NSE 737.85 749.17 722.37 760.48 706.88 775.97 695.57 Reliance Communications Ltd. NSE 186.80 190.13 181.73 193.47 176.67 198.53 173.33 Reliance Industrial InfraStructure Ltd. NSE 963.55 1001.37 915.37 1039.18 867.18 1087.37 829.37 Reliance Industries Ltd. NSE 1066.10 1073.97 1054.17 1081.83 1042.23 1093.77 1034.37 Reliance Infrastructure Ltd. NSE 1183.60 1212.45 1136.30 1241.30 1089.00 1288.60 1060.15 Reliance Power Ltd. NSE 177.50 182.88 170.13 188.27 162.77 195.63 157.38 Sesa Goa Ltd. NSE 352.15 358.03 347.18 363.92 342.22 368.88 336.33 Vijaya Bank NSE 63.35 64.38 61.93 65.42 60.52 66.83 59.48

*LTP stands for Last Traded Price as on Tuesday, June 15, 2010 4:04:17 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.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	15-Jun-2010	2375.04	1784.95	590.09

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	15-Jun-2010	762.79	1114.25	-351.46

*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