Strong & Weak Stocks
This is list of 10 strong stocks:
Petronet, Idea, Allahabad Bank, Bank Of India, UCO Bank, Orient Bank, HCC, IOB, Vijaya Bank & Bajaj Auto.
And this is list of 10 Weak stocks:
RNRL, Punj Lloyd, EKC, TV-18, Patni, Maruti, ABB, R Power, Finance Tech & JP Associates.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5490.37 | 5512.88 | 5543.87 |
| Support | 5436.87 | 5405.88 | 5383.37 |
| Sensex | Resistance | 18280.26 | 18343.07 | 18436.69 |
| Support | 18123.83 | 18030.21 | 17967.40 |
SPOT/ CASH LEVELS FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | ABB Ltd. | NSE | 788.10 | 800.35 | 780.50 | 812.60 | 772.90 | 820.20 | 760.65 | | Allahabad Bank | NSE | 200.05 | 203.25 | 197.45 | 206.45 | 194.85 | 209.05 | 191.65 | | Bajaj Auto Ltd. | NSE | 2719.70 | 2738.97 | 2701.47 | 2758.23 | 2683.23 | 2776.47 | 2663.97 | | Bajaj Hindustan Ltd. | NSE | 118.95 | 120.05 | 117.60 | 121.15 | 116.25 | 122.50 | 115.15 | | Bank of Baroda | NSE | 770.35 | 779.12 | 764.07 | 787.88 | 757.78 | 794.17 | 749.02 | | Bank of India | NSE | 436.85 | 440.13 | 433.33 | 443.42 | 429.82 | 446.93 | 426.53 | | Bank of Maharashtra | NSE | 67.05 | 68.00 | 66.10 | 68.95 | 65.15 | 69.90 | 64.20 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1054.54 | 1062.68 | 1046.73 | 1070.81 | 1038.91 | 1078.63 | 1030.78 | | Everest Kanto Cylinder Ltd. | NSE | 118.75 | 120.33 | 117.58 | 121.92 | 116.42 | 123.08 | 114.83 | | Financial Technologies (India) Ltd. | NSE | 1226.40 | 1237.60 | 1212.60 | 1248.80 | 1198.80 | 1262.60 | 1187.60 | | Idea Cellular Ltd. | NSE | 75.00 | 76.18 | 72.93 | 77.37 | 70.87 | 79.43 | 69.68 | | India Cements Ltd. | NSE | 105.00 | 106.67 | 102.37 | 108.33 | 99.73 | 110.97 | 98.07 | | Indian Bank | NSE | 233.75 | 236.53 | 229.28 | 239.32 | 224.82 | 243.78 | 222.03 | | Indian Hotels Company Ltd. | NSE | 99.85 | 101.03 | 99.08 | 102.22 | 98.32 | 102.98 | 97.13 | | Indian Oil Corporation Ltd. | NSE | 359.25 | 362.93 | 357.08 | 366.62 | 354.92 | 368.78 | 351.23 | | Indian Overseas Bank | NSE | 123.05 | 125.35 | 119.90 | 127.65 | 116.75 | 130.80 | 114.45 | | IndusInd Bank Ltd. | NSE | 207.85 | 212.28 | 204.38 | 216.72 | 200.92 | 220.18 | 196.48 | | Jaiprakash Associates Ltd. | NSE | 118.00 | 119.20 | 116.90 | 120.40 | 115.80 | 121.50 | 114.60 | | Maruti Suzuki India Ltd. | NSE | 1213.60 | 1220.93 | 1206.33 | 1228.27 | 1199.07 | 1235.53 | 1191.73 | | NSE Index | NSE | 5467.85 | 5490.37 | 5436.87 | 5512.88 | 5405.88 | 5543.87 | 5383.37 | | Oriental Bank of Commerce | NSE | 401.65 | 405.63 | 398.48 | 409.62 | 395.32 | 412.78 | 391.33 | | Patni Computer Systems Ltd. | NSE | 468.50 | 473.22 | 464.02 | 477.93 | 459.53 | 482.42 | 454.82 | | Petronet LNG Ltd. | NSE | 99.10 | 100.35 | 97.20 | 101.60 | 95.30 | 103.50 | 94.05 | | Punj Lloyd Ltd. | NSE | 121.00 | 124.62 | 117.17 | 128.23 | 113.33 | 132.07 | 109.72 | | Punjab National Bank | NSE | 1097.05 | 1115.57 | 1086.37 | 1134.08 | 1075.68 | 1144.77 | 1057.17 | | Reliance Capital Ltd. | NSE | 792.05 | 797.55 | 784.90 | 803.05 | 777.75 | 810.20 | 772.25 | | Reliance Communications Ltd. | NSE | 176.65 | 179.47 | 173.22 | 182.28 | 169.78 | 185.72 | 166.97 | | Reliance Industries Ltd. | NSE | 1016.05 | 1027.18 | 1008.73 | 1038.32 | 1001.42 | 1045.63 | 990.28 | | Reliance Natural Resources Ltd. | NSE | 40.25 | 40.93 | 39.28 | 41.62 | 38.32 | 42.58 | 37.63 | | Reliance Power Ltd. | NSE | 160.40 | 162.62 | 157.17 | 164.83 | 153.93 | 168.07 | 151.72 | | UCO Bank | NSE | 97.05 | 97.80 | 96.15 | 98.55 | 95.25 | 99.45 | 94.50 | | Vijaya Bank | NSE | 74.55 | 75.02 | 74.07 | 75.48 | 73.58 | 75.97 | 73.12 | |
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*LTP stands for Last Traded Price as on Wednesday, August 04, 2010 4:04:09 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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| Corporate News Headline |
| • | Larsen & Toubro said it had got orders worth Rs. 10.25 bn for projects in the western city of Mumbai and a cement plant. (ET) |
| • | Steel Authority of India hopes to stitch up a joint venture with Japan's Kobe Steel within the next six months. The two companies are in talks to set up a 0.5 million tonne greenfield steel plant in India using Kobe Steel's pioneering new steel-making technology. (ET) |
| • | Era Infra has achieved the financial closure of a Rs. 6.92 bn Uttarakhand road project, which was awarded to the company by the National Highway Authority of India. (BS) |
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| Economic and Political Headline |
| • | Foreign direct investment in the country declined by about 45% to USD 1.41 bn in June this year, an official said. The FDI inflows in June 2009 were USD 2.58 bn. The sectors which attracted foreign investment, include services, telecommunication, construction activities and computer software and hardware, the official added. (BS) |
| • | Service industries expanded in July at a faster pace than forecast, easing concern US economic growth will slacken in the second half of the year. The Institute for Supply Management's index of non- manufacturing businesses, which covers about 90% of the economy, rose to 54.3 from 53.8 in June. (Bloomberg) |
| • | Growth in Europe's services and manufacturing industries accelerated in July, suggesting the recovery will maintain its momentum. A composite index based on a survey of euro-area purchasing managers in both industries rose to 56.7 from 56 in June, London-based Markit Economics said. (Bloomberg) |
Today Market Update on
http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-05Aug2010.htm
| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1909.20 | 0.92% | 2.63% | | DJIA | 10680.43 | 0.41% | 2.42% | | S&P 500 | 1127.24 | 0.61% | 1.09% | | • | US stocks rose, sending the Standard & Poor's 500 Index to its highest close in more than two months, as faster-than-estimated growth in service industries and jobs quelled concern the economy is slowing. The NASDAQ, Dow Jones and S&P 500 advanced 0.92%, 0.41% and 0.61%, respectively. Priceline.com Inc. jumped 22% after forecasting earnings that exceeded estimates. Barnes & Noble Inc. soared 19% as the biggest US bookstore chain said it will consider selling the company. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5386.16 | (0.19)% | (0.49)% | | CAC 40 | 3760.72 | 0.35% | (4.46)% | | • | UK stocks retreated as a selloff in shares of Next Plc and Standard Chartered Plc overshadowed a report on service industries in the US which expanded at a faster pace than forecast. The FTSE 100 slipped 10.32 points or 0.19% at 5,386.16. Next tumbled the most since December 2008 after the retailer forecast "more restrained" consumer spending. Standard Chartered dropped 5.2% from a record high as revenue at its consumer banking unit missed some analysts' estimates. British Land Co. lost 2.6% as the real-estate investment trust forecast a cooling of the London rental market. | |
| Buy / Sell (Aug 04, 2010) | | | Buy | Sell | Net | | FII | 2715.70 | 2027.01 | + 688.69 | | DII | 1016.76 | 1292.76 | - 275.89 |
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*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
