Strong & Weak Stocks 28th Oct
This is list of 10 strong stocks:
ABG Ship, Dena Bank, Orchid Chem, Canara Bank, Vijaya Bank, UCO Bank, IDBI, Syndicate Bank, Titan & Andhra Bank.
And this is list of 10 Weak stocks:
Finan Tech, On Mobile, Idea, BRFL, Pir Health, Bharti Artl, Ispat Ind, Asian Paints, HDIL & IVRCL Infra.
The daily trend of nifty is in Downtrend
| Indices | Supp/Resis | 1 | 2 | 3 |
 | Nifty | Resistance | 6109.95 | 6137.90 | 6155.55 |
| Support | 6064.35 | 6046.70 | 6018.75 |
| Sensex | Resistance | 20314.28 | 20407.17 | 20469.66 |
| Support | 20158.90 | 20096.41 | 20003.52 |
TRADING CALLS
BUY NIFTY ABOVE 6055 T 6075 6085 6105 6125 & SELL BELOW 6010 T 5995 5975 5955 5935
BUY BANKNIFTY ABOVE 12290 T 12320 12350 12380 12410 & SELL BELOW 12214 T 12190 12150 12110 12060
SOBHA ABOVE 377 T 380 383 386 BELOW 375 T 372 369 366 & RELAINCE ABOVE 1103 T 1113 1123 1133 BELOW 1096 T 1088 1078 1068 & PANTALOON ABOVE 484 T 488 492 496 BELOW 480 T 476 472 468 & NMDC ABOVE 277 T 280 283 286 BELOW 275 T 272 269 266 & EXIDE ABOVE 156 T 158 160 162 BELOW 154 T 152 150 148 & BOBBANK ABOVE 1000 T 1010 1020 1030 1040 BELOW 990 T 980 970 960 & ROLTA ABOVE 173 T 175 177 179 BELOW 171 T 169 167 165 & SCI ABOVE 183 T 185 187 189 BELOW 181 T 179 177 175 & VSNL ABOVE 313 T 316 319 322 BELOW 309 T 306 303 300 & ZEETV ABOVE 282 T 284 286 288 BELOW 280 T 278 276 274 & M&M ABOVE 732 T 738 744 750 BELOW 726 T 720 714 708 & TATAPOWER ABV 1125 T 1135 1145 1155 BELOW 1115 T 1105 1095 1085 & SOBHA ABPVE 380 T 383 386 389 BLW 376 T 373 370 367 & MNM ABOVE 724 T 730 736 742 BELOW 718 T 712 706 700 & MARUTI ABOVE 1575 T 1585 1595 1605 BELWO 1550 T 1540 1530 1520 & DLF ABOVE 373 T 376 379 382 BELOW 369 T 366 363 360 & ANDHRABANK ABOVE 188 T 190 192 194 BELOW 186 T 184 182 180 & TATACEM ABOVE 442 T 445 448 451 BELOW 438 T 435 432 429 & COLGATE ABOVE 864 T 870 876 884 BELOW 860 T 854 848 842 & GNFC ABOVE 134 T 136 138 140 BELOW 132 T 130 128 126 & HCLTECH ABOVE 425 T 428 431 434 BELOW 422 T 419 416 413 & CIPLA ABOVE 357 T 360 363 360 BELOW 354 T 351 348 345 &&&&&& { NOTE ; ALL LEVELS ARE ON CLOSING BASE }
SWING TRADING CALLS TRADE WITH SL SL ON BOTH SIDES ON GIVEN LEVELS
SELL HDIL BELOW 259 T 256 253 SL 261 & EDUCOM BELOW 582 T 578 574 570 SL 585 & SAIL BELOW 215 T 212 209 206 203 SL 217 & BUY AXISBANK SL 142 7 T 1460 1475 & BUY RIL SL 1085 T 1105 1118 & BUY FINTECH SL 1083 T 1110 1122 & BUY REL SL 1053 T 1080 1088 & BUY ONGC SL 1290 T 1323 1333 & BUY ESSAROIL SL 136 T 149 154 & SELL MARUTI SL 1574 T 1512 1478 & BUY MNM SL 717 T 736 742 & BUY DENABANK SL 134 T 148 158 & BUY UCOBANK SL 133 T 142 148 & BUY ALKBANK SL 244 T 262 272 & SELL CANBANK SL 760 T 720 700 & SELL KOTKBANK SL 490 T 466 452 & SELL SBIBANK SL 3238 T 3160 3133 & BUY EKC SL 127 T 144 & BUY GLENMARK SL 315 T 357 & BUY SHRIRAM SL 787 T 890 & BUY TITAN SL 3488 T 3950 & BUY UCOBANK SL 133 T 151 & SELL CROMPTON SL 329 T 285 & SELL HDFC SL 697 T 633 & SELL NTPC SL 203 T 188 & SELL UNIONBANK SL 404 T 37
{ NOTE ; ALL LEVELS ARE ON CLOSING BASE }
CASH/SPOT LEVELS FOR INTRADAY TRADING
Company Name  | Exchange | LTP* | R1 #1 | S1 @1 | R2 #2 | S2 @2 | R3 #3 | S3 @3 | | ABG Shipyard Ltd. | NSE | 437.45 | 455.90 | 407.00 | 474.35 | 376.55 | 504.80 | 358.10 | | Andhra Bank | NSE | 186.80 | 189.20 | 184.70 | 191.60 | 182.60 | 193.70 | 180.20 | | Asian Paints Ltd. | NSE | 2502.60 | 2585.07 | 2455.07 | 2667.53 | 2407.53 | 2715.07 | 2325.07 | | Bank of Baroda | NSE | 991.30 | 1005.23 | 970.98 | 1019.17 | 950.67 | 1039.48 | 936.73 | | Bank of India | NSE | 518.60 | 524.33 | 514.43 | 530.07 | 510.27 | 534.23 | 504.53 | | Banking Index Benchmark Exchange Traded Scheme (Bank BeES) | NSE | 1232.86 | 1242.24 | 1224.24 | 1251.62 | 1215.62 | 1260.24 | 1206.24 | | Bharti Airtel Ltd. | NSE | 321.95 | 327.97 | 316.97 | 333.98 | 311.98 | 338.97 | 305.97 | | Bombay Dyeing & Manufacturing Company Ltd. | NSE | 623.85 | 633.23 | 617.73 | 642.62 | 611.62 | 648.73 | 602.23 | | Bombay Rayon Fashions Ltd. | NSE | 235.40 | 239.95 | 232.60 | 244.50 | 229.80 | 247.30 | 225.25 | | Canara Bank | NSE | 742.95 | 752.60 | 727.65 | 762.25 | 712.35 | 777.55 | 702.70 | | Dena Bank | NSE | 142.40 | 145.60 | 137.95 | 148.80 | 133.50 | 153.25 | 130.30 | | Financial Technologies (India) Ltd. | NSE | 1096.30 | 1119.17 | 1082.27 | 1142.03 | 1068.23 | 1156.07 | 1045.37 | | Hindalco Industries Ltd. | NSE | 219.45 | 223.20 | 215.05 | 226.95 | 210.65 | 231.35 | 206.90 | | Hindustan Construction Company Ltd. | NSE | 62.65 | 63.43 | 62.03 | 64.22 | 61.42 | 64.83 | 60.63 | | Hindustan Motors Ltd. | NSE | 25.35 | 25.73 | 25.03 | 26.12 | 24.72 | 26.43 | 24.33 | | Hindustan Oil Exploration Company Ltd. | NSE | 251.20 | 257.37 | 241.57 | 263.53 | 231.93 | 273.17 | 225.77 | | Hindustan Petroleum Corporation Ltd. | NSE | 486.50 | 493.17 | 482.17 | 499.83 | 477.83 | 504.17 | 471.17 | | Hindustan Unilever Ltd. | NSE | 293.00 | 298.25 | 289.50 | 303.50 | 286.00 | 307.00 | 280.75 | | Hindustan Zinc Ltd. | NSE | 1242.90 | 1261.58 | 1226.63 | 1280.27 | 1210.37 | 1296.53 | 1191.68 | | IDBI Bank Ltd. | NSE | 177.25 | 180.13 | 172.43 | 183.02 | 167.62 | 187.83 | 164.73 | | Idea Cellular Ltd. | NSE | 67.25 | 69.23 | 65.53 | 71.22 | 63.82 | 72.93 | 61.83 | | Ispat Industries Ltd. | NSE | 20.55 | 21.03 | 20.23 | 21.52 | 19.92 | 21.83 | 19.43 | | IVRCL Infrastructure & Projects Ltd. | NSE | 150.35 | 152.90 | 148.70 | 155.45 | 147.05 | 157.10 | 144.50 | | NSE Index | NSE | 6012.65 | 6063.22 | 5974.82 | 6113.78 | 5936.98 | 6151.62 | 5886.42 | | OnMobile Global Ltd. | NSE | 330.40 | 349.72 | 318.12 | 369.03 | 305.83 | 381.32 | 286.52 | | Orchid Chemicals & Pharmaceuticals Ltd. | NSE | 329.55 | 339.30 | 323.40 | 349.05 | 317.25 | 355.20 | 307.50 | | Piramal Healthcare Ltd. | NSE | 483.65 | 490.10 | 479.85 | 496.55 | 476.05 | 500.35 | 469.60 | | Syndicate Bank | NSE | 143.35 | 145.85 | 141.45 | 148.35 | 139.55 | 150.25 | 137.05 | | Titan Industries Ltd. | NSE | 3587.95 | 3633.50 | 3513.70 | 3679.05 | 3439.45 | 3753.30 | 3393.90 | | UCO Bank | NSE | 137.30 | 139.42 | 134.52 | 141.53 | 131.73 | 144.32 | 129.62 | | Vijaya Bank | NSE | 112.80 | 114.47 | 110.12 | 116.13 | 107.43 | 118.82 | 105.77 | |
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*LTP stands for Last Traded Price as on Wednesday, October 27, 2010 4:04:33 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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| | | | | | US markets mostly ended lower as concerns over Federal Reserve's stimulus measures overshadowed a better than expected reading on new home sales. Investors are worried about Federal Reserve quantitative measure after a Wall Street Journal report said that the central bank is likely to unveil a program of US Treasury bond purchases worth a few hundred billion dollars over several months. This was way short than market expectation of quantitative easing up to around two trillion dollars. Markets overlooked, Commerce Department's report that showed new home sales rose 6.6% to an annual rate of 3,07,000 in September from an annual rate of 2,88,000 in August. In important earnings report, Procter & Gamble reported decline in first-quarter net earnings to USD 1.02 per share from USD 1.06 per share in the same quarter last year. | | | |
| | | | | | European markets fell sharply pulled by mining companies after base and precious metals prices slumped on dollar's strength. Further, the ongoing doubts regarding the scale and timing of quantitative easing by Federal Reserve also added to the selling pressure. However, rise in financial companies after better than expected quarterly numbers from Deutsche bank helped markets limit the losses. Deutsche Bank reported a smaller than expected third-quarter net loss of Euro 1.2 billion after writing down the value of its existing stake in Deutsche Postbank AG. Upbeat economic data from the euro-zone region also limited the fall. Euro zone's leading economic indicator climbed 0.3% in September following a 0.7% increase in August. In a separate report, french consumer spending increased 1.5% month-on-month in September after falling 1.6% in August. | | | |
| | | | | | The domestic bourses ended on a disappointing note as broadbased selling has dragged the benchmark indices by more than 1%. The markets kicked off the session on a downbeat note carrying forward the previous session's weak trend. The morning sentiment was dampened as almost all the Asian indices were trading in the negative terrain, dragging the MSCI Asia Pacific Index to a two-week low after declines in oil and copper prices caused raw-material producers to slump. China dragged for a second day as raw-material producers dropped on concern recent gains were excessive relative to earnings prospects. The benchmarks were seen hovering near the baseline till the mid-session when, selling pressure started to build up and the benchmarks were gradually seen dragging further in the negative terrain. The domestic bourses took support near day's low during the final hour and recovered mildly in the end. In the sectorial front, the Realty space was hammered the most losing by 2.07%. Further, the FMCG, Banking, IT and Power sectors also fuelled the downward rally losing by 1.61%, 1.19%, 1.04% and 1% respectively. Both the Nifty and Sensex showed considerable weakness and closed well below their respective session highs. The NSE Nifty closed below the 6,020 mark, while the BSE Sensex just above the 20,000 level. | | | |
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| Index | Latest | 1 D Chg(%) | YTD(%) | | NSE Index (27 Oct 2010) | 6012.65 | -1.14 | 15.60 | | Sensex (27 Oct 2010) | 20005.37 | -1.07 | 14.55 | | | Sectors | Close | 1D Chg(%) | | BSE IT | 6044.39 | -1.05 | | BSEPSU | 10301.26 | -0.87 | | OILGAS | 10924.04 | -0.80 | | | Advance Decline Ratio | Value(in Cr.) | Exchange | | 0.32 | 678.02 | SENSEX | | 0.22 | 5892.65 | NIFTY | |
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| SENSEX | NIFTY | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Reliance Communications Ltd. | 182.50 | 3.66 | 5.55 | | Mahindra & Mahindra Ltd. | 729.40 | 1.63 | 34.97 | | Tata Steel Ltd. | 614.40 | 1.48 | -0.52 | | | Top Gainers | Close | 1D Gain(%) | YTD(%) | | Reliance Communications Ltd. | 182.70 | 3.95 | 6.01 | | Mahindra & Mahindra Ltd. | 728.95 | 1.67 | 34.89 | | Tata Steel Ltd. | 614.90 | 1.53 | -0.45 | | | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | NTPC Ltd. | 198.75 | -3.14 | -15.68 | | Housing Development Finance Co... | 679.50 | -2.59 | 26.87 | | Maruti Suzuki India Ltd. | 1524.70 | -2.44 | -2.24 | | | Top Losers | Close | 1D Loss(%) | YTD(%) | | NTPC Ltd. | 198.25 | -3.41 | -15.87 | | Housing Development Finance Co... | 678.05 | -2.63 | 26.70 | | Maruti Suzuki India Ltd. | 1525.60 | -2.63 | -2.21 | |
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Most Active Stocks by value (in Cr) | | BSE | Close | %Chg | Value(in Cr.) | Volume | | Tata Steel | 605.45 | 1.48 | 114.28 | 1872921 | | RIL | 1096.50 | -0.35 | 99.18 | 901549 | | SBI | 3180.45 | 0.41 | 61.95 | 194095 | | Hindalco | 217.70 | 0.67 | 37.20 | 1696394 | | ICICI Bank | 1131.45 | -2.23 | 31.27 | 281405 | | | | | NSE | Close | %Chg | Value(in Cr.) | Volume | | RIL | 1098.85 | -0.56 | 551.87 | 5016615 | | Tata Steel | 605.65 | 1.53 | 426.50 | 6989113 | | ICICI Bank | 1131.15 | -2.16 | 399.47 | 3598048 | | InfosysTechn | 3013.85 | -1.12 | 339.69 | 1134087 | | HDFC | 696.35 | -2.63 | 339.46 | 4989293 | | | | | | Strike Price | Value | Price | %Chg | | Most Active Calls by Contract Value (in Cr) | | NIFTY ( 28 Oct 2010 ) | 6100.00 | 2391364.22 | 6.95 | 438.85 | | NIFTY ( 28 Oct 2010 ) | 6200.00 | 1190206.23 | 1.10 | 509.09 | | | Most Active Puts by Contract Value (in Cr) | | NIFTY ( 28 Oct 2010 ) | 6100.00 | 1789330.59 | 65.60 | -57.16 | | NIFTY ( 28 Oct 2010 ) | 6000.00 | 1680182.35 | 13.60 | -54.04 | | | Most Active Future by Contracts Value (in Cr) | | RELIANCE ( 28 Oct 2010 ) | - | 115056.33 | 1097.80 | 0.44 | | TATASTEEL ( 28 Oct 2010 ) | - | 104053.58 | 617.80 | -1.51 | |
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| | | | | | | Oil prices slid nearly 1% pressured by a rally in the dollar due to uncertainty among investors about the size of U.S. economic stimulus move by the Federal Reserve. U.S. light, sweet crude for December delivery settled down 61 cents at USD 81.94 a barrel, slogging through the day's low of USD 80.52. Gold also fell more than 1% to USD 1,325 an ounce. | | | |
| | | | | | - The new home sales in US rose 6.6% to an annual rate of 3,07,000 in September from an annual rate of 2,88,000 in August. Economists had expected sales to show a more modest 3.8% increase to an annual rate of 2,99,000.
- Belgium's gross domestic product rose 0.5% sequentially, slower than the revised 1% increase in the previous quarter. Year-on-year, the economy recorded a growth rate of 2.1%. The annual growth rate for the second quarter has been revised up to 2.6% from 2.4% reported previously.
- German automaker Volkswagen AG's net earnings rose to euro 2.1 billion (USD 2.9 billion) in the July to September period of 2010, compared with euro 161 million in the same period of 2009.
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| | | | | | - Sebi allowed domestic bourses to introduce European-style stock options , wherein positions can be settled only on the day of expiry, in contrast to the existing American format, where contracts can be squared off prior to the expiry date.
- Standard & Poor's Ratings Services raised Tata Motors' long-term corporate credit rating to 'BB-' from 'B+' and assigned a stable outlook. Recently, Tata Motors has increased the size of its institutional share sale to USD 750 million from USD 525 million.
- The global trading arm of the Tata Group, Tata International, plans to set up 15-20 exclusive footwear retail showrooms pan-India by end-this fiscal.
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| Currency | Exchange-Rate | 1D Chg(%) | 1M Chg(%) | | USD | 44.52 | 0.20 % | -0.97 % | | EUR | 61.47 | -0.97 % | 0.49 % | | GBP | 70.47 | 0.52 % | -0.29 % | | | FIIs Activity | Rs. Cr. | MTD | YTD | | 3178.50 | 84666.40 | 605913.60 | | 2479.80 | 55643.40 | 492530.90 | | 698.70 | 29023.00 | 113382.80 | | |
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | | Category | Date | Buy Value | Sell Value | Net Value | | FII | 27-Oct-2010 | 2753.52 | 2762.59 | -9.07 |
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| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | | Category | Date | Buy Value | Sell Value | Net Value | | DII | 27-Oct-2010 | 1370.57 | 1888.87 | -518.3 |
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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
--
Arvind Parekh
+ 91 98432 32381
