Market Outlook 8th Sep 2010

TRADING CALLS

BUY BEML SL 1160 T 1315 

BUY EXIDE SL 159 T 180 

BUY JET SL 717 T 800 

BUY LUPIN SL 360 T 400 

BUY PIRMAL SL 499 T 566 

BUY STERBIO SL 111 T 126 

BUY BOSH SL 6270 T 6660 6860 

BUY GESHIP SL 310 T 330 345 

BUY MPHASIS SL 635 T 680 700 ASAINPAINT SL 2769 T 3140 

BUY BAJAJHOLD SL 800 T 911 BUY BAJAJ FIN SL 675 T 766 

BUY STERLITE SL 159 T 165 BUY HDFC SL 2174 T 2330 

BUY SPICEJET SL 70 T 90 

BUY JSWSTEEL SL 1174 T 1270 

BUY ICICIBANK SL 1018 T 1090 

BUY TATAMOTOR SL 1015 T 1060 1080 

BUY APOLLOTY SL 82 T 97 

BUY INDIANHOTEL SL 104 T 114 

BUY KFA SL 63 T 72 78 

BUY SBI SL 2790 T 2870 2910 

BUY BRFL SL 258 T 270 280 

BUY CENTEX SL 495 T 518 532 

BUY GSPL SL 118 T 126 

BUY GVKPOWER SL 48 T 53 

BUY JSWSTEEL SL 1165 T 1245 1254 

BUY CHAMBLE SL 71 T 80 

BUY GODREAJ SL 389 T 436 

BUY PRIAMAHELTH SL 497 T 560 

BUY HEROHONDA SL 1685 T 1900 

BUY ABNOVO SL 790 T 890 

BUY CORPBANK SL 589 T 660 

BUY LUPIN SL 350 T 395 

BUY RENUKA SL 66 T 74

BUY BALRAMPURCHANI SL 84 T 94 

BUY UCOBANK SL 114 T 130 

BUY IOC SL 410 T 445 

BUY UNIPHOS SL 182 T 195 

BUY VOLTAS SL 200 T 220 

BUY HIKEL SL 425 TGT 480 

BUY RCF SL 82 TGT 90 

BUY TATACHEM SL 397 

TGT 422 430 BUY IDBI SL 122 TGT 134 

BUY SAIL SL 186 TGT 198 

BUY ICSA SL 126 TGT 138 

BUY REC SL 275 TGT 375 

BUY JSWENG SL 120 TGT 160 

BUY HLL SL 250 TGT 290 

BUY ITC SL 155 TGT 188 

BUY ACC SL 860 TGT 960 

BUY BHARTI SL 325 TGT 370 

BUY DISHTV SL 50 TGT 65 

BUY HPCL SL 440 TGT 640 

BUY MCDOWEEL SL 1500 TGT 1575 

BUY BOBBANK SL 790 TGT 888 

BUY BHARATFORGE SL 350 TGT 390 

BUY GESHIP SL 298 TGT 330 

BUY HOTELLLELA SL 50 TGT 65 

BUY PUNJLLOYD SL 105 TGT 117 

BUY KTKBANK SL 174 SL 187 

BUY DIVISLAB SL 742 TGT 790 

BUY TISCO SL 526 TGT 560 

BUY DRREDDY SL 1355 TGT 1430 

BUY MNM SL 623 TGT 642 

BUY RELCAP SL 770 TGT 792

COMMODITY CALLS

MCX BUY SILVER SL 30900 T 31500 31700 

BUY NATGAS SL 175 T 185 195 

BUY CRUDE SL 3380 T 3480 3580 

BUY NICKEL SL 990 T 1045 1060 

BUY GOLD SL 18990 T 19200 19300 19400 

BUY ALUM SL 98 T 102 104 BUY LEAD SL 98 T 102 104 

BUY ZINC SL 98 T 102 104 

BUY COPPER SL 350 T 364 370 376

NIFTY FUTURES (For Intra-Day).

Below 5572 level, expect profit booking up to 5555-5557 zone and thereafter expect a slide up to 5545-5547 zone by non-stop.

Multiple Hurdles at 5602 level & at 5607-5609 zone. Above these levels, rally may continue up to 5613 level and thereafter expect a jump up to 5623-5625 zone by non-stop.

Cross above 5628-5630 zone, can take it up to 5643-5645 zone by non-stop. Supply expected at around this zone and

have caution.

On Negative Side, rebound expected at around 5540-5542 zone. Stop Loss at 5529-5531 zone.

Strong & Weak Stocks

This is list of 10 strong Stocks:  

Apollo Tyre, KFA, Ruchi Soya, BEML, Godrej Ind, Ambuja Cement, ACC, DISH TV, Ultra Cem & Guj Mineral. 

And this is list of 10 Weak Stocks

Hero Honda, Chennai Petro, Sesa Goa, KS Oils, Orbit Corp, Hind Const, Punj Lloyd, RCOM, Nagar Cont & Ivrcl Infra.

The daily trend of nifty is in Uptrend 

Market is moving in a good uptrend, though it is expected to consolidate at current levels. But the readers who have created long positions may go on holding them till the trend remains up.

• Supp / Resis SPOT/CASH INDEX LEVELS FOR INTRADAY

Indices		Supp/Resis	1	2	3
	Nifty	Resistance	5629.12	5654.23	5682.97
		Support	5575.27	5546.53	5521.42
	Sensex	Resistance	18713.70	18782.33	18853.47
		Support	18573.93	18502.79	18434.16

SUPPORT/RESISTANCE LEVELS IN CASH/SPORT MARKET FOR INTRADAY TRADING

Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3 ACC Ltd. NSE 961.95 987.70 918.40 1013.45 874.85 1057.00 849.10 Ambuja Cements Ltd. NSE 136.00 140.47 128.87 144.93 121.73 152.07 117.27 Apollo Tyres Ltd. NSE 86.55 88.98 84.13 91.42 81.72 93.83 79.28 Bank of Baroda NSE 829.65 837.50 821.20 845.35 812.75 853.80 804.90 Bank of India NSE 460.30 465.97 456.37 471.63 452.43 475.57 446.77 Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 1120.00 1132.33 1111.33 1144.67 1102.67 1153.33 1090.33 BEML Ltd. NSE 1188.00 1207.60 1170.80 1227.20 1153.60 1244.40 1134.00 Chennai Petroleum Corporation Ltd. NSE 242.15 244.03 240.23 245.92 238.32 247.83 236.43 Dish TV India Ltd. NSE 56.20 56.87 55.42 57.53 54.63 58.32 53.97 Dishman Pharmaceuticals & Chemicals Ltd NSE 196.70 198.97 194.97 201.23 193.23 202.97 190.97 Godrej Consumer Products Ltd. NSE 397.95 403.60 393.65 409.25 389.35 413.55 383.70 Godrej Industries Ltd. NSE 230.75 240.00 218.40 249.25 206.05 261.60 196.80 Gujarat Ambuja Exports Ltd. NSE 29.90 31.73 28.23 33.57 26.57 35.23 24.73 Gujarat Fluorochemicals Ltd. NSE 219.55 224.57 214.77 229.58 209.98 234.37 204.97 Gujarat Mineral Development Corporation Ltd. NSE 135.60 138.90 131.05 142.20 126.50 146.75 123.20 Gujarat NRE Coke Ltd. NSE 65.50 67.33 62.33 69.17 59.17 72.33 57.33 Gujarat State Fertilizer & Chemicals Ltd. NSE 302.45 304.27 300.37 306.08 298.28 308.17 296.47 Gujarat State Petronet Ltd. NSE 121.15 123.20 119.90 125.25 118.65 126.50 116.60 Hero Honda Motors Ltd. NSE 1708.85 1723.23 1699.23 1737.62 1689.62 1747.23 1675.23 Hindalco Industries Ltd. NSE 180.70 183.13 177.88 185.57 175.07 188.38 172.63 Hindustan Construction Company Ltd. NSE 61.55 62.93 60.48 64.32 59.42 65.38 58.03 Hindustan Motors Ltd. NSE 25.00 25.48 24.68 25.97 24.37 26.28 23.88 Hindustan Oil Exploration Company Ltd. NSE 235.00 239.98 231.73 244.97 228.47 248.23 223.48 Hindustan Petroleum Corporation Ltd. NSE 515.30 521.75 511.10 528.20 506.90 532.40 500.45 Hindustan Unilever Ltd. NSE 270.65 272.33 269.13 274.02 267.62 275.53 265.93 IVRCL Infrastructure & Projects Ltd. NSE 160.70 162.95 159.35 165.20 158.00 166.55 155.75 K S Oils Ltd. NSE 50.50 51.22 50.02 51.93 49.53 52.42 48.82 Kingfisher Airlines Ltd. NSE 68.60 70.23 67.48 71.87 66.37 72.98 64.73 Nagarjuna Construction Co. Ltd. NSE 159.65 161.07 158.62 162.48 157.58 163.52 156.17 Nagarjuna Fertilisers & Chemicals Ltd. NSE 31.40 31.75 31.10 32.10 30.80 32.40 30.45 NSE Index NSE 5604.00 5629.12 5575.27 5654.23 5546.53 5682.97 5521.42 Orbit Corporation Ltd. NSE 125.40 127.27 124.27 129.13 123.13 130.27 121.27 Punj Lloyd Ltd. NSE 112.30 113.80 111.30 115.30 110.30 116.30 108.80 Punjab National Bank NSE 1218.55 1227.48 1207.13 1236.42 1195.72 1247.83 1186.78 Reliance Capital Ltd. NSE 794.90 802.73 788.03 810.57 781.17 817.43 773.33 Reliance Communications Ltd. NSE 163.15 164.48 162.03 165.82 160.92 166.93 159.58 Reliance Industries Ltd. NSE 962.30 970.33 953.63 978.37 944.97 987.03 936.93 Reliance Infrastructure Ltd. NSE 1042.25 1052.18 1033.93 1062.12 1025.62 1070.43 1015.68 Reliance Media Works Ltd. NSE 208.10 210.63 205.83 213.17 203.57 215.43 201.03 Reliance Natural Resources Ltd. NSE 39.15 39.70 38.80 40.25 38.45 40.60 37.90 Reliance Power Ltd. NSE 157.70 159.55 156.25 161.40 154.80 162.85 152.95 Ruchi Soya Industries Ltd. NSE 141.00 142.63 138.48 144.27 135.97 146.78 134.33 Sesa Goa Ltd. NSE 319.55 323.70 316.70 327.85 313.85 330.70 309.70 UltraTech Cement Ltd. NSE 994.20 1020.83 946.73 1047.47 899.27 1094.93 872.63

*LTP stands for Last Traded Price as on Tuesday, September 07, 2010 4:04:26 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.

Derivatives EOD http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-strategy-07-Sep-2010.htm

Economic and Political Headline
•	Foreign direct investment into India dipped for the second consecutive month, by 49% per cent to USD 1.78 bn in July. The FDI inflows in July 2009 were USD 3.51 bn. For the April-July period of 2010-11, FDI inflows declined by 27% to USD 7.59 bn compared to USD 10.53 bn in the same period last year, the official said. (BS)
•	German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe's largest economy is losing momentum. Orders, adjusted for seasonal swings and inflation, declined 2.2% from June, when they surged a revised 3.6%, the Economy Ministry said. From a year earlier, orders climbed 18%, when adjusted for working days. (Bloomberg)
•	European Union governments sought to strengthen the management of the euro region as Germany warned that the economic rebound is slowing its push for stiffer sanctions on high-deficit countries. EU finance ministers weighed ideas for improving national budget management, monitoring countries at risk and imposing sanctions on rule-breakers, EU President Herman Van Rompuy said. (Bloomberg) Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-08Sep2010.htm

US and European markets

Index Latest 1D Chg YTD Nasdaq 1856.50 (0.74)% (0.20)% DJIA 10340.69 (1.03)% (0.84)% S&P 500 1091.84 (1.15)% (2.09)% • US stocks fell for the first time in five days, ending the longest streak of gains for the Standard & Poor's 500 Index since July, on concern the European debt crisis may worsen, hampering global growth. The NASDAQ, Dow Jones and S&P 500 fell 0.74%, 1.03% and 1.15%, respectively. Bank of America Corp. and Citigroup Inc. fell at least 2% as European banks slid on concern stress tests understated potential losses from sovereign debt. ConocoPhillips and Chevron Corp. slumped more than 1.2% as crude oil fell the most in a week. Oracle Corp. rallied 5.9% after naming Mark Hurd as president. Index Latest 1D Chg YTD FTSE 100 5407.82 (0.58)% (0.09)% CAC 40 3643.81 (1.11)% (7.43)% • UK stocks fell for the first time in eight days, led by mining companies and banks, as concern lingered that economic growth around the world is slowing. The FTSE 100 slipped 31.37 points or 0.58% at 5,407.82. BHP Billiton Ltd. and Rio Tinto Group retreated as Australian Prime Minister Julia Gillard clinched a deal to keep power. TUI Travel Plc declined 1.5% after Goldman Sachs Group Inc. downgraded its stance on the shares. Barclays Plc lost 2.7% as it named President Robert Diamond as chief executive officer, succeeding John Varley.

Buy / Sell (Sep 07, 2010)   Buy Sell Net FII 2466.94 2487.82 - 20.88 DII 1780.21 1339.07 +441.14

*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