BUY NIFTY SL 5420 T 5480 BUY RIL SL 956 T 980
BUY ONGC T 1320 SL 1240
BUY TELCO T 1020 SL 960
BUY HPCL SL 475 T 550
BUY BEML SL 990 T 1125
BUY MMTC SL 1340 T 1520
BUY STERLITE SL 149 T 169
BUY ADANI SL 668 T 584
SELL ASAINPAINT T 2560 SL 2830
SELL CENTRALBANK T 158 SL 181
SELL EIH T 122 SL 140
SELL TITAN T 2800 SL 3100
SELL RELIGARE T 430 SL 486
Strong & Weak Stocks
This is list of 10 strong stocks:
Petronet, BPCL, KFA, Bhushan Steel, UCO Bank, Hind Petrol, Tata Chem, Orient Bank, Patni & Jindal Steel.
And this is list of 10 Weak Stocks:
Nagar Cont, HCC, Patel Eng, EKC, Rel Infra, Sesa Goa, Punj Llyod, Ivrcl Infra, KS Oils & GLAXO.
The daily trend of nifty is in Uptrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 5494.82 | 5527.28 | 5548.42 |
| Support | 5441.22 | 5420.08 | 5387.62 |
| Sensex | Resistance | 18276.05 | 18372.45 | 18432.48 |
| Support | 18119.62 | 18059.59 | 17963.19 |
SUPPORT / RESISTANCE LEVELS IN CASH MARKET FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | Bank of Baroda | NSE | 816.65 | 825.67 | 806.82 | 834.68 | 796.98 | 844.52 | 787.97 | | Bank of India | NSE | 459.00 | 465.12 | 452.77 | 471.23 | 446.53 | 477.47 | 440.42 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1098.45 | 1108.62 | 1093.17 | 1118.78 | 1087.88 | 1124.07 | 1077.72 | | Bharat Electronics Ltd. | NSE | 1674.95 | 1713.77 | 1651.57 | 1752.58 | 1628.18 | 1775.97 | 1589.37 | | Bharat Forge Ltd. | NSE | 355.75 | 361.87 | 349.37 | 367.98 | 342.98 | 374.37 | 336.87 | | Bharat Heavy Electricals Ltd. | NSE | 2467.15 | 2493.82 | 2450.37 | 2520.48 | 2433.58 | 2537.27 | 2406.92 | | Bharat Petroleum Corporation Ltd. | NSE | 751.75 | 768.48 | 741.48 | 785.22 | 731.22 | 795.48 | 714.48 | | Bharti Airtel Ltd. | NSE | 316.95 | 323.00 | 312.45 | 329.05 | 307.95 | 333.55 | 301.90 | | Bhushan Steel Ltd. | NSE | 1822.15 | 1841.70 | 1808.90 | 1861.25 | 1795.65 | 1874.50 | 1776.10 | | Eveready Industries India Ltd. | NSE | 74.90 | 75.83 | 74.13 | 76.77 | 73.37 | 77.53 | 72.43 | | Everest Industries Ltd. | NSE | 264.35 | 270.50 | 260.70 | 276.65 | 257.05 | 280.30 | 250.90 | | Everest Kanto Cylinder Ltd. | NSE | 112.45 | 115.77 | 110.27 | 119.08 | 108.08 | 121.27 | 104.77 | | GlaxoSmithkline Consumer Healthcare Ltd. | NSE | 1795.75 | 1817.17 | 1782.17 | 1838.58 | 1768.58 | 1852.17 | 1747.17 | | GlaxoSmithKline Pharmaceuticals Ltd. | NSE | 1889.80 | 1929.53 | 1865.53 | 1969.27 | 1841.27 | 1993.53 | 1801.53 | | Hindalco Industries Ltd. | NSE | 163.65 | 167.07 | 161.17 | 170.48 | 158.68 | 172.97 | 155.27 | | Hindustan Construction Company Ltd. | NSE | 61.35 | 63.02 | 60.37 | 64.68 | 59.38 | 65.67 | 57.72 | | Hindustan Motors Ltd. | NSE | 25.75 | 26.73 | 24.88 | 27.72 | 24.02 | 28.58 | 23.03 | | Hindustan Oil Exploration Company Ltd. | NSE | 243.40 | 252.10 | 237.90 | 260.80 | 232.40 | 266.30 | 223.70 | | Hindustan Petroleum Corporation Ltd. | NSE | 517.10 | 526.40 | 509.90 | 535.70 | 502.70 | 542.90 | 493.40 | | Hindustan Unilever Ltd. | NSE | 268.00 | 271.30 | 265.90 | 274.60 | 263.80 | 276.70 | 260.50 | | Hindustan Zinc Ltd. | NSE | 1070.00 | 1087.97 | 1046.02 | 1105.93 | 1022.03 | 1129.92 | 1004.07 | | Jindal Drilling & Industries Ltd. | NSE | 578.90 | 614.43 | 556.78 | 649.97 | 534.67 | 672.08 | 499.13 | | Jindal Photo Ltd. | NSE | 263.00 | 288.12 | 248.77 | 313.23 | 234.53 | 327.47 | 209.42 | | Jindal Poly Films Ltd. | NSE | 763.90 | 804.58 | 732.93 | 845.27 | 701.97 | 876.23 | 661.28 | | Jindal Saw Ltd. | NSE | 203.25 | 209.40 | 199.60 | 215.55 | 195.95 | 219.20 | 189.80 | | Jindal Steel & Power Ltd. | NSE | 699.10 | 709.83 | 687.23 | 720.57 | 675.37 | 732.43 | 664.63 | | Kingfisher Airlines Ltd. | NSE | 60.30 | 61.77 | 59.07 | 63.23 | 57.83 | 64.47 | 56.37 | | Nagarjuna Construction Co. Ltd. | NSE | 154.90 | 158.42 | 152.72 | 161.93 | 150.53 | 164.12 | 147.02 | | Nagarjuna Fertilisers & Chemicals Ltd. | NSE | 31.00 | 31.55 | 30.65 | 32.10 | 30.30 | 32.45 | 29.75 | | NSE Index | NSE | 5462.35 | 5494.82 | 5441.22 | 5527.28 | 5420.08 | 5548.42 | 5387.62 | | Oriental Bank of Commerce | NSE | 435.30 | 446.13 | 420.83 | 456.97 | 406.37 | 471.43 | 395.53 | | Oriental Hotels Ltd. | NSE | 371.45 | 379.97 | 362.97 | 388.48 | 354.48 | 396.97 | 345.97 | | Patel Engineering Ltd. | NSE | 376.15 | 389.10 | 369.10 | 402.05 | 362.05 | 409.10 | 349.10 | | Patni Computer Systems Ltd. | NSE | 540.75 | 550.22 | 526.97 | 559.68 | 513.18 | 573.47 | 503.72 | | Petronet LNG Ltd. | NSE | 112.30 | 114.77 | 110.07 | 117.23 | 107.83 | 119.47 | 105.37 | | Punj Lloyd Ltd. | NSE | 113.50 | 114.83 | 112.33 | 116.17 | 111.17 | 117.33 | 109.83 | | Punjab National Bank | NSE | 1196.10 | 1218.53 | 1161.83 | 1240.97 | 1127.57 | 1275.23 | 1105.13 | | Reliance Capital Ltd. | NSE | 768.35 | 779.53 | 761.13 | 790.72 | 753.92 | 797.93 | 742.73 | | Reliance Communications Ltd. | NSE | 163.75 | 166.20 | 162.20 | 168.65 | 160.65 | 170.20 | 158.20 | | Reliance Industrial InfraStructure Ltd. | NSE | 884.10 | 905.27 | 871.47 | 926.43 | 858.83 | 939.07 | 837.67 | | Reliance Industries Ltd. | NSE | 967.80 | 975.27 | 962.92 | 982.73 | 958.03 | 987.62 | 950.57 | | Reliance Infrastructure Ltd. | NSE | 1013.65 | 1026.00 | 1004.95 | 1038.35 | 996.25 | 1047.05 | 983.90 | | Reliance Media Works Ltd. | NSE | 201.85 | 205.57 | 199.27 | 209.28 | 196.68 | 211.87 | 192.97 | | Reliance Natural Resources Ltd. | NSE | 38.20 | 38.80 | 37.55 | 39.40 | 36.90 | 40.05 | 36.30 | | Reliance Power Ltd. | NSE | 154.70 | 156.13 | 153.13 | 157.57 | 151.57 | 159.13 | 150.13 | | Sesa Goa Ltd. | NSE | 322.30 | 328.80 | 316.50 | 335.30 | 310.70 | 341.10 | 304.20 | | Tata Chemicals Ltd. | NSE | 396.35 | 403.62 | 390.02 | 410.88 | 383.68 | 417.22 | 376.42 | | Tata Coffee Ltd. | NSE | 508.40 | 526.13 | 498.53 | 543.87 | 488.67 | 553.73 | 470.93 | | Tata Communications Ltd. | NSE | 328.35 | 335.07 | 322.67 | 341.78 | 316.98 | 347.47 | 310.27 | | Tata Consultancy Services Ltd. | NSE | 871.20 | 879.70 | 864.50 | 888.20 | 857.80 | 894.90 | 849.30 | | Tata Motors Ltd. | NSE | 992.30 | 1009.47 | 979.12 | 1026.63 | 965.93 | 1039.82 | 948.77 | | Tata Power Company Ltd. | NSE | 1255.35 | 1274.13 | 1242.28 | 1292.92 | 1229.22 | 1305.98 | 1210.43 | | Tata Steel Ltd. | NSE | 497.00 | 509.00 | 489.00 | 521.00 | 481.00 | 529.00 | 469.00 | | Tata Teleservices (Maharashtra) Ltd. | NSE | 23.45 | 23.97 | 23.07 | 24.48 | 22.68 | 24.87 | 22.17 | | UCO Bank | NSE | 110.45 | 112.42 | 108.47 | 114.38 | 106.48 | 116.37 | 104.52 | |
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*LTP stands for Last Traded Price as on Wednesday, August 25, 2010 4:04:31 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 |
| • | Mahindra & Mahindra expects to complete the acquisition of South Korean automaker SsangYong Motor in four months. (BS) |
| • | Patni said it has secured two contracts— a seven-figure, three-year contract from Scandinavia's The Codan Group and another from Serco Learning. (BS) |
| • | Marico said it is looking at increasing the prices of its flagship hair oil brand 'Parachute' and edible oil brand 'Saffola' to offset the rising input cost. (BS) |
 |
| Economic and Political Headline |
| • | The Planning Commission said that Rs. 500 bn Infra Debt Fund for financing infrastructure projects will become operational by beginning of next fiscal. A panel constituted by the Commission to look into the changes required in the regulatory framework for facilitating the setting of the Infra Debt Fund is expected to give its report by next week. (BS) |
| • | Orders for durable goods increased less than forecast in July, a sign one of the few remaining bright spots in the US economy is cooling. Bookings increased 0.3% figures from the Commerce Department showed. (Bloomberg) |
| • | Sales of US new homes unexpectedly dropped in July to the lowest level on record, signaling that even with cheaper prices and reduced borrowing costs the housing market is retreating. Purchases fell 12% from June to an annual pace of 276,000, Commerce Department said. (Bloomberg)
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| US and European markets |
| Index | Latest | 1D Chg | YTD | | Nasdaq | 1790.88 | 0.88% | (3.73)% | | DJIA | 10060.06 | 0.20% | (3.53)% | | S&P 500 | 1055.33 | 0.33% | (5.36)% | | • | US stocks rose, with the Dow Jones recovering from an early 102-point slide, as investors speculated that recent declines in equities overshot the potential damage from a slowdown in the economy. The NASDAQ, Dow Jones and S&P 500 advanced 0.88%, 0.20% and 0.33%, respectively. Home Depot Inc., Pfizer Inc. and Kraft Foods Inc. climbed at least 1% for the top advances in the Dow. Toll Brothers Inc. rose 5.8% after unexpectedly reporting its first quarterly profit since 2007. D.R. Horton Inc. jumped 4.6% after Ticonderoga Securities advised buying the shares. | | Index | Latest | 1D Chg | YTD | | FTSE 100 | 5109.40 | (0.90)% | (5.61)% | | CAC 40 | 3450.19 | (1.17)% | (12.35)% | | • | UK stocks dropped as basic- resources companies fell and worse-than-forecast US economic data added to concern about the world's largest economy. The FTSE 100 slipped 46.55 points or 0.90% at 5,109.40. Rio Tinto Group and BHP Billiton Ltd. dropped at least 2% as base metals declined in London. Tullow Oil Plc lost 4.6% after it said that a tax dispute between Heritage Oil Plc and the Ugandan government may delay its acquisition of Heritage's assets in the country. Aggreko Plc plunged 5.8% after being downgraded by Numis Securities Ltd. | |
| Buy / Sell (Aug 25, 2010) |
| | Buy | Sell | Net |
| FII | 2379.88 | 2744.84 | -364.96 |
| DII | 1159.79 | 1426.56 | -266.77 |
*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
