Strong & Weak Stocks
This is list of 10 strong stocks:
Tata Motors, Petronet, Tata Comm, Bank Of India, UCO Bank, SBIN, Hind Petro, Allahabad Bank, IOB & Recltd.
And this is list of 10 Weak Stocks
ITC, RNRL, Nagar Const, Punj Lloyd, EKC, R Power, Moser Bear, ICSA, Reliance & Federal Bank.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5440.88 | 5465.32 | 5499.53 |
| Support | 5382.23 | 5348.02 | 5323.58 |
 | Sensex | Resistance | 18153.42 | 18232.94 | 18352.26 |
| Support | 17954.58 | 17835.26 | 17755.74 |
SPOT/ CASH LEVELS IN CASH MARKET FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Allahabad Bank | NSE | 208.30 | 213.67 | 200.02 | 219.03 | 191.73 | 227.32 | 186.37 | | Bank of Baroda | NSE | 769.35 | 778.83 | 755.03 | 788.32 | 740.72 | 802.63 | 731.23 | | Bank of India | NSE | 462.30 | 473.05 | 442.50 | 483.80 | 422.70 | 503.60 | 411.95 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1067.31 | 1079.35 | 1045.93 | 1091.38 | 1024.54 | 1112.77 | 1012.51 | | Everest Kanto Cylinder Ltd. | NSE | 116.90 | 117.90 | 116.20 | 118.90 | 115.50 | 119.60 | 114.50 | | Everonn Education Ltd. | NSE | 586.65 | 604.35 | 559.60 | 622.05 | 532.55 | 649.10 | 514.85 | | Federal Bank Ltd. | NSE | 323.70 | 328.33 | 320.18 | 332.97 | 316.67 | 336.48 | 312.03 | | Hindalco Industries Ltd. | NSE | 167.00 | 169.27 | 163.37 | 171.53 | 159.73 | 175.17 | 157.47 | | Hindustan Motors Ltd. | NSE | 24.90 | 25.45 | 24.35 | 26.00 | 23.80 | 26.55 | 23.25 | | Hindustan Oil Exploration Company Ltd. | NSE | 225.75 | 228.45 | 222.05 | 231.15 | 218.35 | 234.85 | 215.65 | | Hindustan Petroleum Corporation Ltd. | NSE | 488.50 | 500.60 | 470.20 | 512.70 | 451.90 | 531.00 | 439.80 | | Hindustan Unilever Ltd. | NSE | 266.00 | 269.27 | 260.87 | 272.53 | 255.73 | 277.67 | 252.47 | | ICSA-India Ltd. | NSE | 128.30 | 129.78 | 127.03 | 131.27 | 125.77 | 132.53 | 124.28 | | India Cements Ltd. | NSE | 104.85 | 105.93 | 104.13 | 107.02 | 103.42 | 107.73 | 102.33 | | India Infoline Ltd. | NSE | 100.65 | 102.37 | 98.02 | 104.08 | 95.38 | 106.72 | 93.67 | | Indiabulls Financial Services Ltd. | NSE | 159.90 | 162.33 | 155.73 | 164.77 | 151.57 | 168.93 | 149.13 | | Indiabulls Power Ltd. | NSE | 27.70 | 28.00 | 27.45 | 28.30 | 27.20 | 28.55 | 26.90 | | Indiabulls Securities Ltd. | NSE | 26.45 | 27.05 | 26.00 | 27.65 | 25.55 | 28.10 | 24.95 | | Indian Bank | NSE | 230.10 | 232.63 | 226.43 | 235.17 | 222.77 | 238.83 | 220.23 | | Indian Oil Corporation Ltd. | NSE | 381.35 | 386.03 | 375.93 | 390.72 | 370.52 | 396.13 | 365.83 | | Indian Overseas Bank | NSE | 127.30 | 129.40 | 123.70 | 131.50 | 120.10 | 135.10 | 118.00 | | Indraprastha Gas Ltd. | NSE | 305.30 | 316.20 | 297.20 | 327.10 | 289.10 | 335.20 | 278.20 | | Moser Baer India Ltd. | NSE | 62.00 | 62.97 | 60.77 | 63.93 | 59.53 | 65.17 | 58.57 | | Nagarjuna Fertilisers & Chemicals Ltd. | NSE | 30.50 | 30.73 | 30.23 | 30.97 | 29.97 | 31.23 | 29.73 | | NSE Index | NSE | 5416.45 | 5440.88 | 5382.23 | 5465.32 | 5348.02 | 5499.53 | 5323.58 | | Petronet LNG Ltd. | NSE | 105.65 | 108.03 | 104.13 | 110.42 | 102.62 | 111.93 | 100.23 | | Punj Lloyd Ltd. | NSE | 117.60 | 119.13 | 116.28 | 120.67 | 114.97 | 121.98 | 113.43 | | Punjab National Bank | NSE | 1133.65 | 1153.38 | 1102.48 | 1173.12 | 1071.32 | 1204.28 | 1051.58 | | Reliance Capital Ltd. | NSE | 761.65 | 771.33 | 755.13 | 781.02 | 748.62 | 787.53 | 738.93 | | Reliance Communications Ltd. | NSE | 173.20 | 175.03 | 170.68 | 176.87 | 168.17 | 179.38 | 166.33 | | Reliance Industries Ltd. | NSE | 972.60 | 980.57 | 967.32 | 988.53 | 962.03 | 993.82 | 954.07 | | Reliance Natural Resources Ltd. | NSE | 38.85 | 39.68 | 38.03 | 40.52 | 37.22 | 41.33 | 36.38 | | Reliance Power Ltd. | NSE | 155.85 | 158.25 | 153.80 | 160.65 | 151.75 | 162.70 | 149.35 | | State Bank of India | NSE | 2784.40 | 2860.83 | 2642.13 | 2937.27 | 2499.87 | 3079.53 | 2423.43 | | Tata Chemicals Ltd. | NSE | 360.50 | 364.58 | 357.33 | 368.67 | 354.17 | 371.83 | 350.08 | | Tata Coffee Ltd. | NSE | 468.90 | 480.93 | 459.93 | 492.97 | 450.97 | 501.93 | 438.93 | | Tata Communications Ltd. | NSE | 320.60 | 329.68 | 308.83 | 338.77 | 297.07 | 350.53 | 287.98 | | Tata Consultancy Services Ltd. | NSE | 853.45 | 858.17 | 847.47 | 862.88 | 841.48 | 868.87 | 836.77 | | Tata Motors Ltd. | NSE | 1024.70 | 1041.75 | 999.10 | 1058.80 | 973.50 | 1084.40 | 956.45 | | Tata Power Company Ltd. | NSE | 1329.90 | 1340.58 | 1318.43 | 1351.27 | 1306.97 | 1362.73 | 1296.28 | | Tata Steel Ltd. | NSE | 519.95 | 531.47 | 507.97 | 542.98 | 495.98 | 554.97 | 484.47 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 23.90 | 24.48 | 23.03 | 25.07 | 22.17 | 25.93 | 21.58 | | UCO Bank | NSE | 101.50 | 103.75 | 97.40 | 106.00 | 93.30 | 110.10 | 91.05 | |
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*LTP stands for Last Traded Price as on Thursday, August 12, 2010 4:04:12 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 |
| • | Cairn Energy is in talks to sell stake in its Indian unit, Cairn India, which owns the massive Rajasthan oilfields. Though Cairn Energy did not identify the suitor, speculation is rife that it could be Vedanta Resources Plc. (BS) |
| • | Tata Steel reported a consolidated net profit of Rs. 17.91 bn for the April- June quarter of the fiscal. The company had suffered a loss of Rs 22.39 bn in the corresponding period a year ago. (BS) |
| • | State Bank of India has posted 26% jump in its consolidated net profit to Rs. 29.35 bn as compared to Rs. 23.30 bn in the previous quarter, a year ago. (BS) |
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| Economic and Political Headline |
| • | Snapping an eight-month trend of double-digit rise, industrial growth slid to 7.1% in June from 8.3% a month ago. Growth in manufacturing fell to 7.3% from 8% a year ago. Electricity generation expanded by 3.5% from 8% in June 2009. Mining expanded at 9.5%, but was lower than 14.2% registered a year ago. Consumer durable was the only industry to show good growth expanding by 27.4% against 16.2% a year ago. (BS) |
| • | More Americans unexpectedly filed applications for unemployment insurance last week. Initial jobless claims rose by 2,000 to 484,000 in the week ended Aug. 7, Labor Department figures showed. (Bloomberg) |
| • | European industrial production unexpectedly declined in June, led by a drop in durable consumer goods. Output in the economy of the 16 nation's euro region dropped 0.1% from May, when it increased 1.1%, the European Union's statistics office said. (Bloomberg) |
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| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1832.17 | (0.72)% | (1.51)% | | DJIA | 10319.95 | (0.57)% | (1.04)% | | S&P 500 | 1083.61 | (0.54)% | (2.82)% | | • | US stocks fell, sending the Standard & Poor's 500 Index to the biggest three-day decline since July 1, after an unexpected rise in unemployment claims added to evidence the recovery is weakening. The NASDAQ, Dow Jones and S&P 500 fell 0.72%, 0.57% and 0.54%, respectively. Cisco Systems Inc., the world's largest maker of networking equipment, tumbled 10% after forecasting sales that missed analysts' estimates. Juniper Networks Inc. dropped 6.8%. Caterpillar Inc., the world's largest maker of construction equipment, retreated 1.8% as rising jobless claims signaled firings stepped up. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5266.06 | 0.40% | (2.71)% | | CAC 40 | 3621.07 | (0.20)% | (8.01)% | | • | UK stocks rose, ending a two-day losing streak, as gains in Cairn Energy Plc and SABMiller Plc offset losses in Vedanta Resources Plc and De La Rue Plc. The FTSE 100 added 20.85 points or 0.40% at 5,266.06 Cairn Energy climbed after Vedanta confirmed it has held talks with the oil and gas exploration company to buy some assets. Vedanta's shares dropped 7.5%. SABMiller and Diageo Plc rose as food and beverage stocks advanced in Europe. Dana Petroleum Plc plunged after it said it would not recommend a takeover offer from Korea National Oil Corp. | |
| Buy / Sell (Aug 12, 2010) |
| | Buy | Sell | Net |
| FII | 3212.88 | 2994.69 | + 218.19 |
| DII | 1403.35 | 2059.40 | - 656.05 |
*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
