Strong & Weak Stocks
This is list of 10 strong stocks:
DLF, Hind Petro, Bharat Forg, Educomp, BPCL, Orchid Chem, Titan, Polaris, Tata Comm & Sintex.
And this is list of 10 Weak Stocks:
RNRL, TV-18, ACC, Ambuja Cement, Sterling Biotech, Uniphos, HCL Tech, Rel Infra, Gail & Cipla.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5435.83 | 5485.52 | 5517.58 |
| Support | 5354.08 | 5322.02 | 5272.33 |
| Sensex | Resistance | 18104.50 | 18270.84 | 18374.46 |
| Support | 17834.54 | 17730.92 | 17564.58 |
SPOT/ CASH SUPPORT/ RESISTANCE LEVELS FOR INTRADAY
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | ACC Ltd. | NSE | 805.45 | 824.73 | 794.08 | 844.02 | 782.72 | 855.38 | 763.43 | | Ambuja Cements Ltd. | NSE | 110.05 | 112.47 | 108.62 | 114.88 | 107.18 | 116.32 | 104.77 | | Bharat Electronics Ltd. | NSE | 1779.60 | 1822.20 | 1749.25 | 1864.80 | 1718.90 | 1895.15 | 1676.30 | | Bharat Forge Ltd. | NSE | 330.30 | 334.85 | 326.90 | 339.40 | 323.50 | 342.80 | 318.95 | | Bharat Heavy Electricals Ltd. | NSE | 2467.80 | 2507.97 | 2439.67 | 2548.13 | 2411.53 | 2576.27 | 2371.37 | | Bharat Petroleum Corporation Ltd. | NSE | 700.55 | 715.63 | 688.73 | 730.72 | 676.92 | 742.53 | 661.83 | | Bharti Airtel Ltd. | NSE | 301.60 | 306.70 | 297.60 | 311.80 | 293.60 | 315.80 | 288.50 | | Cipla Ltd. | NSE | 329.75 | 337.80 | 324.90 | 345.85 | 320.05 | 350.70 | 312.00 | | DLF Ltd. | NSE | 319.15 | 324.07 | 315.67 | 328.98 | 312.18 | 332.47 | 307.27 | | Educomp Solutions Ltd. | NSE | 599.65 | 607.73 | 593.73 | 615.82 | 587.82 | 621.73 | 579.73 | | Gail (India) Ltd. | NSE | 459.20 | 467.62 | 453.97 | 476.03 | 448.73 | 481.27 | 440.32 | | HCL Technologies Ltd. | NSE | 357.00 | 361.93 | 354.13 | 366.87 | 351.27 | 369.73 | 346.33 | | Hindalco Industries Ltd. | NSE | 150.65 | 153.85 | 148.40 | 157.05 | 146.15 | 159.30 | 142.95 | | Hindustan Construction Company Ltd. | NSE | 123.75 | 127.33 | 121.63 | 130.92 | 119.52 | 133.03 | 115.93 | | Hindustan Oil Exploration Company Ltd. | NSE | 231.85 | 238.20 | 227.75 | 244.55 | 223.65 | 248.65 | 217.30 | | Hindustan Petroleum Corporation Ltd. | NSE | 474.15 | 483.23 | 468.63 | 492.32 | 463.12 | 497.83 | 454.03 | | Hindustan Unilever Ltd. | NSE | 257.60 | 260.83 | 254.93 | 264.07 | 252.27 | 266.73 | 249.03 | | Hindustan Zinc Ltd. | NSE | 968.35 | 995.75 | 950.60 | 1023.15 | 932.85 | 1040.90 | 905.45 | | NSE Index | NSE | 5386.15 | 5435.83 | 5354.08 | 5485.52 | 5322.02 | 5517.58 | 5272.33 | | Orchid Chemicals & Pharmaceuticals Ltd. | NSE | 183.60 | 186.93 | 180.03 | 190.27 | 176.47 | 193.83 | 173.13 | | Polaris Software Lab Ltd. | NSE | 207.40 | 211.92 | 204.32 | 216.43 | 201.23 | 219.52 | 196.72 | | Reliance Capital Ltd. | NSE | 784.10 | 794.70 | 776.80 | 805.30 | 769.50 | 812.60 | 758.90 | | Reliance Communications Ltd. | NSE | 186.40 | 190.75 | 183.80 | 195.10 | 181.20 | 197.70 | 176.85 | | Reliance Industries Ltd. | NSE | 1070.45 | 1087.52 | 1060.32 | 1104.58 | 1050.18 | 1114.72 | 1033.12 | | Reliance Natural Resources Ltd. | NSE | 45.60 | 47.13 | 44.03 | 48.67 | 42.47 | 50.23 | 40.93 | | Reliance Power Ltd. | NSE | 175.40 | 178.02 | 173.17 | 180.63 | 170.93 | 182.87 | 168.32 | | Sintex Industries Ltd. | NSE | 342.00 | 349.27 | 333.87 | 356.53 | 325.73 | 364.67 | 318.47 | | Sterling Biotech Ltd. | NSE | 106.60 | 107.25 | 106.15 | 107.90 | 105.70 | 108.35 | 105.05 | | Tata Communications Ltd. | NSE | 289.15 | 294.33 | 283.48 | 299.52 | 277.82 | 305.18 | 272.63 | | Tata Elxsi Ltd. | NSE | 281.65 | 285.35 | 279.50 | 289.05 | 277.35 | 291.20 | 273.65 | | Tata Metaliks Ltd. | NSE | 147.00 | 150.00 | 145.00 | 153.00 | 143.00 | 155.00 | 140.00 | | Tata Motors Ltd. | NSE | 800.00 | 811.53 | 791.73 | 823.07 | 783.47 | 831.33 | 771.93 | | Tata Power Company Ltd. | NSE | 1326.70 | 1340.55 | 1318.10 | 1354.40 | 1309.50 | 1363.00 | 1295.65 | | Tata Steel Ltd. | NSE | 505.90 | 515.60 | 500.10 | 525.30 | 494.30 | 531.10 | 484.60 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 22.10 | 22.40 | 21.90 | 22.70 | 21.70 | 22.90 | 21.40 | | Titan Industries Ltd. | NSE | 2638.35 | 2714.90 | 2585.90 | 2791.45 | 2533.45 | 2843.90 | 2456.90 | | Uniphos Enterprises Ltd. | NSE | 33.30 | 34.37 | 32.62 | 35.43 | 31.93 | 36.12 | 30.87 | |
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*LTP stands for Last Traded Price as on Wednesday, July 14, 2010 4:04:30 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. |
| Corporate News Headline |
| • | State Bank of India signed a joint venture agreement with State General Reserve Fund, Sultanate of Oman to set up a General Purpose Private Equity Fund for investing in various assets in India. (BS) |
| • | Larsen & Toubro Ltd won an offshore rig refurbishment contract from Oil & Natural Gas Corporation valued at Rs 3.76 bn. (BS) |
| • | Tata Steel will raise Rs. 8.91 bn by issuing shares preferentially to founders at Rs. 594 each. The company will raise another Rs. 7.10 bn by issuing 12 million warrants to founders at the same conversion price and will receive 25% of this amount immediately on allotment. (BS) |
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| Economic and Political Headline |
| • | Wholesale price-based inflation inched higher to 10.55% in June, owing to the pass through effect of the June 25 hike in prices of petroleum products. The WPI numbers were provisionally 10.16% in May, while it was revised upwards to 11.23% for April from the provisional 9.59%. Among manufactured items, wood products prices rose by 5.4% due to higher rates of plywood commercial planks. Food inflation remained in double digits at 12.63% for the week ended June 19, having moderated from over 16% level in the preceding eight weeks. (BS) |
| • | Sales at US retailers fell in June for a second month, indicating the pace of economic recovery moderated heading into the second half of 2010. Purchases decreased a more-than-projected 0.5% following a 1.1% May drop, Commerce Department figures showed in Washington. Excluding auto dealers, demand fell 0.1%. (Bloomberg) |
| • | European inflation slowed in June and industrial production increased less than economists forecast in May as the economy struggled to gather strength. Consumer prices in the 16-member euro region rose 1.4% from a year ago after increasing 1.6% in May, the European Union statistics office in Luxembourg said. (Bloomberg) |
| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1853.41 | 0.45% | (0.37)% | | DJIA | 10366.72 | 0.04% | (0.59)% | | S&P 500 | 1095.17 | (0.02)% | (1.79)% | | • | Most US stocks fell, halting a six-day rally, as a drop in retail sales and the Federal Reserve's assessment that the economic outlook has "softened" overshadowed Intel Corp.'s forecast for record profit. The NASDAQ and Dow Jones rose 0.45% and 0.04%, respectively, whereas the S&P 500 dipped 0.02%. Home Depot Inc., American Express Co. and Alcoa Inc. declined the most in the Dow Jones Industrial Average as minutes from the Fed's last meeting showed policy makers saw no need to boost economic stimulus even as they trimmed growth forecasts. Intel rose 1.7% after reporting record second-quarter sales. Stocks pared losses in the final minutes of trading. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5253.52 | (0.33)% | (2.94)% | | CAC 40 | 3632.98 | (0.13)% | (7.71)% | | • | UK stocks declined, with the benchmark FTSE 100 Index falling for the first time in seven days, as a retreat by ICAP Plc and Burberry Group Plc offset a boost in Intel Corp.'s profit forecast. The FTSE 100 fell 17.5 points or 0.33% to 5,253.52. ICAP fell 4.6% as Chief Executive Officer Michael Spencer said activity slowed in June. Burberry fell 3% after Deutsche Bank AG downgraded the shares. ARM Holdings Plc rallied 3.1% and Intel sales beat analysts' forecasts. | |
| Buy / Sell (Jul 13, 2010) |
| | Buy | Sell | Net |
| FII | 3132.49 | 2347.91 | +784.68 |
| DII | 1382.81 | 2033.77 | - 650.96 |
*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
