Market Outlook for 2nd Jan'09

NIFTY & SENSEX SPOT LEVELS TODAY

	3033.25	( -0.01 %)	-0.20
		1	2	3
Resistance		3060.70	3087.95	3136.65
Support		2984.75	2936.05	2908.80

	9909.42		( 0.06 %)	5.96
			1	2	3
Resistance			9979.56	10055.66	10189.62
Support			9769.50	9635.54	9559.44

Strong & Weak futures  

This is list of 10 strong futures:

3I infotech, Aban, ABB, ACC, Aditya Birla, Adlabs Films, AIA Eng., Allahabad bank, Alok Text & Alstom Projects. 

And this is list of 10 Weak Futures: 

Zeel, yes bank, Wock pharma, WWIL, Wipro, Wel Guj, Voltas, Vijaya Bank, Uni Phos & Uni tech.

Nifty is in Up Trend.

NIFTY FUTURES (F & O)  

Above 3045 level, rally may continue up to 3063 level by non-stop. Support at 3023 & 3034 levels. Below these levels, expect profit booking up to 2992-2994 zone and thereafter slide may continue up to 2963-2965 zone by non-stop. Buy if touches 2914-2916 zone. Stop Loss at 2885-2887 zone. On Positive Side, above 3092-3094 zone it can zoom up to 3121-3123 zone and if crosses & sustains at above this zone then uptrend may continue.  

Short-Term Investors:  

Short-Term trend is Bullish and target at around 3202 level on upper side. On Negative Side, corrections up to 2821 level can be used to buy. Maintain a Stop Loss at 2694 level for your long positions too.

BSE SENSEX Technically uptrend should continue.  

Short-Term Investors: Trend is Bearish & Technical target at around 8832 level on down side. Rallies up to 9838 level can be used to exit. SL at 10173 level.

GLOBAL CUES & RUPEE

U S Markets were closed on yesterday for New Year's Day. The partially convertible rupee <INR=IN> ended at 48.76/78 per dollar on yesterday, weaker than Wednesday's close of 48.70/72.

Book Profits in CAPITAL GOODS Stocks

Trading Calls 02nd Jan 09 

+ve sectors & scripts : 

CNXMidcap, Bank, IT, Indiainfo, Polaris 

USE STRICT Stop Loss for todays trading 

BUY KLGsystel-111 for 122 with sl 107 [Trading] 

BUY Hindzinc-359 for 370-374 with sl 354 

BUY Tatapower-786 for 809-821 with sl 780 

BUY IBN18-102 for 109-111 with sl 100 [Breakout]

BUY Sesagoa-92 for 115 with sl 88 

BUY OBC-157 above 159 for 168 with sl 155 [Expected Breakout] 

BUY Rcom-245 above 252 for 290 with sl 245 

BUY IBRealest-154 for 163-173 with sl 151 [positional]

FII DATA

FII 01/01: 92.04 Cr. (Prov) 

DII 01/01: 160.41 Cr. (Prov)

--
Arvind Parekh
+ 91 98432 32381

Market Outlook for 01.01.09 HAVE A GREAT NEW YEAR!

Headlines for the day 

    Corporate News Headline
    ONGC has taken control of Imperial Energy Plc for USD 1.9 bn after an overwhelming 96.8% of London-listed firm´s total shareholders accepted its takeover offer. (BS)
    PTC India is planning to set up a joint venture with Singapore-based firm Asian Infratech for identifying and acquiring companies overseas. (ET)
    Omaxe Ltd has bagged an order worth Rs. 2 bn to build two jails in Punjab. (ET)

    Economic and Political Headline
    India's fiscal deficit has crossed the government's initial estimate of 2.5% of GDP in the eight months up to November 2008. As a result, the market borrowing by the Centre also crossed the budget estimate of Rs. 1,130 bn by nearly Rs. 210 bn in the same period. (BS)
    Credit Suisse Group AG, Switzerland's second-largest bank, agreed to sell a stake in its Global Investors business to Aberdeen Asset Management Plc for USD 361 mn in stock after losses at the unit. (Bloomberg)
    China's central bank said the nation should prepare more tools to tackle the global financial crisis, a month after its biggest interest-rate cut in 11 years. (Bloomberg)

	2959.15	( -0.68 %)	-20.35
		1	2	3
Resistance		2995.42	3031.68	3060.72
Support		2930.12	2901.08	2864.82

	9647.31		( -0.71 %)	-68.85
			1	2	3
Resistance			9786.17	9925.02	10024.15
Support			9548.19	9449.06	9310.21

	2959.15	( -0.68 %)	-20.35
		1	2	3
Resistance		2995.42	3031.68	3060.72
Support		2930.12	2901.08	2864.82

	9647.31		( -0.71 %)	-68.85
			1	2	3
Resistance			9786.17	9925.02	10024.15
Support			9548.19	9449.06	9310.21

Strong & Weak futures This is list of 10 strong futures:

Bajaj Hind, NDTV, Matrix Lab, Auro Pharma, Renuka, Jet Airways, Aptech, Triveni, Balram Chini & GMR Infra. 

And this is list of 10 Weak Futures: 

Bhushan Steel, Rolta, Jindal Saw, Finan tech, Aban, TVS Motor, HCL Tech, Satyam, GT Offshore & Sterlin Bio. Nifty is in Up Trend.

NIFTY FUTURES (F & O) Above 2985 level, expect short covering up to 3013-3015 zone and thereafter it can touch 3040-3042 zone by non-stop. Below 2954-2956 zone, selling may continue up to 2947 level and thereafter slide may continue up to 2926-2928 zone. Buy if touches 2917-2919 zone. Stop Loss at 2889-2891 zone. On Positive Side, above 3049-3051 zone it can zoom up to 3077-3079 zone and if crosses & sustains at above this zone then uptrend may continue. Short-Term Investors: Short-Term trend is Bullish and target at around 3202 level on upper side. On Negative Side, corrections up to 2821 level can be used to buy. Maintain a Stop Loss at 2694 level for your long positions too.

BSE SENSEX Technically Recovery should happen. If does move up then tired bulls can start offload their positions. Short-Term Investors: Trend is Bearish & Technical target at around 8832 level on down side. Rallies up to 9838 level can be used to exit. SL at 10173 level. GLOBAL CUES & RUPEE The Dow Jones Industrial Average closed at 8,776.39. Up by 108.00 points. The Broader S&P 500 closed at 903.25. Up by 12.61 points. The Nasdaq Composite Index closed at 1,577.03. Up by 26.33 points. The partially convertible rupee closed at 48.70/72 per dollar on yesterday, weaker than its Tuesday's close of 48.47/49.

FII DATA

FII 31/12: 81.85 Cr. (Prov) DII 31/12: 373.96 Cr. (Prov)

AUTO INDEX Stocks May Zoom.

Trading Calls 01st Jan 09

+ve sectors & scripts : CNXMidcap, CNXmidcap50, AsianHotel, BataIndia, chennpetro, KSK, wwil

USE STRICT Stopp Loss for todays trading

 

BUY BEL-749 for 785 with sl 736 [Trading]

BUY IndianBnk-136 for 142 with sl 133

BUY Triveni-50 for 53.50 with sl 48.75

 

Short BHEL-1362 for Below 1342 for 1300 with sl 1355

BUY Balramchin-49 for 55 with sl 47 [positional]

--
Arvind Parekh
+ 91 98432 32381

Market Outlook for 31.12.08

Headlines for the day 

    Corporate News Headline
    M&M is planning to exit from commercial vehicle maker Swaraj Mazda by selling its stake to Japan´s Sumitomo Corporation. (ET)
    Jindal Steel and Power is planning to invest about Rs 60 bn to set up 10 captive power units in its existing facilities in Chhattisgarh and Orissa to achieve energy security for its steel units. (BS)
    Punj Lloyd has bagged an order worth about Rs. 1.5 bn from ExxonMobil for engineering-related projects. (BS)

    Economic and Political Headline
    The Prime Minister Manmohan Singh said that he would ask the RBI to make credit cheaper for the auto sector. (ET)
    The Foreign Investment Promotion Board has given a three-month breather to foreign companies that made downstream investments in the country without the board's approval. (ET)
    GMAC LLC, bolstered by a USD 6 bn federal bailout, resumed lending to General Motors Corp. customers with lower credit scores as the US stepped up efforts to keep the automaker in business. (Bloomberg)

	2979.50	( 1.96 %)	57.30
		1	2	3
Resistance		3019.18	3058.87	3118.58
Support		2919.78	2860.07	2820.38

	9716.16		( 1.92 %)	182.64
			1	2	3
Resistance			9835.90	9955.64	10126.24
Support			9545.56	9374.96	9255.22

Strong & Weak futures This is list of 10 strong futures: 

Matrix Labs, Bajaj Hind, Jet Airways, Patel Eng, Aptech Training, Hind Petro, Auro Pharma, Renuka, Amtek Auto & Purva. 

And this is list of 10 Weak Futures: 

Satyam, Jindal Stainless, Roltas, Bhushan Steel, Birla Crop, Hotal Leela, Jindal Saw, Redington, HCL Tech & GT Offshore. Nifty is in Up Trend.

FII FATA

FII + 214.95 DII +375.65

NIFTY FUTURES (F & O) Above 3008-3010 zone, uptrend may continue up to 3022 level and thereafter expect a jump up to 3049-3051 zone by non-stop. Support at 2975-2977 zone. Below this zone, expect profit booking up to 2932-2934 zone and thereafter slide may continue up to 2891-2893 zone. Buy if touches 2877-2879 zone. Stop Loss at 2836-2838 zone. On Positive Side, above 3063-3065 zone it can zoom up to 3104-3106 zone and if crosses & sustains at above this zone then uptrend may continue. Short-Term Investors: Short-Term trend is Bullish and target at around 3202 level on upper side. On Negative Side, corrections up to 2821 level can be used to buy. Maintain a Stop Loss at 2694 level for your long positions too. BSE SENSEX False signal may be possible. Technically Uptrend should continue. Short-Term Investors: Trend is Bearish & Technical target at around 8832 level on down side. Rallies up to 9838 level can be used to exit. SL at 10173 level.

GLOBAL CUES & RUPEE

The Dow Jones Industrial Average closed at 8,668.39. Up by 184.46 points. The Broader S&P 500 closed at 890.64. Up by 21.22 points. The Nasdaq Composite Index closed at 1,550.70. Up by 40.38 points. The partially convertible rupee <INR=IN> closed at 48.47/49 per dollar on yesterday, weaker from Monday's close of 48.41/44.

CAPITAL GOODS Stocks May Zoom

Trading Calls 31st Dec 08 +ve sectors & scripts : Sugarstocks, Media stocks, Airline, Bank, ABGship, Auropharma, Cummins, NDTV, SunTV, Gspl, CentralBank USE STRICT Stopp Loss for todays trading BUY Balramchin-48 for 54 with sl 46 [Trading] BUY NIITech-67 for 73-77 with sl 65 BUY Renuka-70 for 73-76 with sl 68 Short Biocon-114 for 107 with sl 117 BUY L&T-771 for 799-839 with sl 763 [Breakout] BUY RNRL-57 for 64 with sl 55 BUY Voltas-57 for 64 with sl 55 [positional] BUY Prajind-64 for 74 with sl 62 BUY NTPC-181 for 204 with sl 178 BUY Jetair-200 above 202 for 211 with sl 199 [Expected Breakout] BUY ICICI-458 above 462 for 477 with sl 458 BUY Lichousing-227 above 230 for 236-43 with sl 225

--
Arvind Parekh

+ 91 98432 32381