BUY INDEX

NIFTY FUT: Buy with a Stop Loss of 4363.40 level. Target at 4393.75-4395.75 zone.

sl hit

RPL FUTURES (Update): SL triggered. Bulls done good work. If does not break 154.95 level then short covering may continue.

only positional traders

BOOK PARTIAL PROFITS IN ITC.
HOLD NIFTY,ONGC,INFOSYS SHORTS AND NIFTY PUTS ALSO.

IF NIFTY TRADES BELOW 4380,TARGET 4330,4280.
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SELL IN FUTURES

Futures: RPL FUTURES (NSE CMP 156.60) may go down. Sell with a Stop Loss of 158.60 level

sell cash market

Cash Market Intra-Day: RNRL (NSE Cash CMP 94.30) expected to go down. Sell with a Stop Loss of 95.30 level.

OUTLOOK FOR THE DAY 19TH AUG

Gm!!! "Maths Tell us One Plus One is Two. When One Plus One is More Than Two, it is Synergy."

NIFTY FUTURES (F & O)

Fall may continue up to 4382 level for time being.

Hurdle at 4419 level. Above this level, expect short covering up to 4435

level.

Sell if touches 4460-4462 zone. Stop Loss at 4477-4479 zone.

On Negative Side, break below 4363-4365 zone can create some panic selling up to 4355-4357 zone and thereafter free fall may continue.

Short-Term Investors:

Short-Term Upward Target at 4502-4504 zone.

Short-Term Support at at 4330-4332 zone.

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sensex

Bears dominated again & Downtrend may continue.

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GUJ NRE COKE (NSE Cash): Likely to Fall.

If breaks & sustains at below 97 level then downtrend may start.

Hurdle at 111 level. Supply expected at around this level. This supply should get absorbed too.

HINDALCO FUTURES (NSE): Likely to Fall.

If breaks & sustains at below 123 level then downtrend may continue.

Hurdle at 134 level. Supply expected at around this level. This supply should get absorbed too.

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OIL & GAS INDEX Stocks May Fall

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Strong & Weak futures

This is list of 10 Strong Future Stocks:

Polaris software,Ansal prop&inf, bata,Cummins India, Aptech Training,Bongaigaon,rolta,Strides Arcolab,ONGC,Gateway distripa.

And this is the list of 10 Weak stocks ;

Bombay Dyein,Amtek,Housing Dev & In, NDTV,Aban,Rel,Hindalco,LancoInf, S.kumar,Sun TV.

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Headlines for the day
Corporate News Headline
M&M formed a joint venture with Chinese tractor manufacturer, Jiangsu Yueda Yancheng with an investment of USD 26 mn. (ET)
NMDC and global miner Rio Tinto would form an equal joint venture to scout for iron ore and other minerals in India and overseas. (ET)
Bartronics India secured an order worth over Rs. 4 bn from social security organisation Employees’ State Insurance Corporation for providing smart cards. (BS)
Economic and Political Headline
The RBI report stated that due to high demand and improved capacity utilisation, the corporates are expected to pump in more money in the current fiscal on fresh and existing projects surpassing the record levels of Rs. 2.45 tn witnessed in 2007-08. (ET)
The Centre for Monitoring Indian Economy said that the Indian economy would continue to clock a robust over nine per cent growth in FY09. (BS)
The UK house prices fell 4.8% in August from a year earlier, as banks choked off mortgage lending, deepening London´s property slump. (Bloomberg)

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The Dow Jones Industrial Average closed at 11,479.39. Down by 180.51 points.
The Broader S&P 500 closed at 1,278.60. Down by 19.60 points.
The Nasdaq Composite Index closed at 2,416.98. Down by 35.54 points.
The partially convertible rupee ended at 43.59/60 per dollar on yesterday, weaker than Thursday's close of 43.01/02.

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Fii data

FII
18/08: -475.50 Cr. (Prov)
DII
18/08: 128.91 Cr. (Prov)

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sell

FUTURES: Consider Selling in GRASIM FUTURES (NSE CMP 1962.00). SMS sent at 02.35 PM.
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BUY BANKS!

FUTURES: Consider Buying in HDFC FUTURES (NSE CMP 2403.35).

sell sell sell

NIFTY FUT: Unwinding should continue up to 4364.45-4366.45 zone. Rallies up to 4437.60 can be used to exit. SL at 4484.75-4486.75 zone.

only positional traders

IF INFOSYS TRADES BE,LOW 1700,SHORT IT FOR A TARGET OF 1660,1630.REST REMAIN SHORT IN ITC,ONGC,NIFTY,NIFTY PUTS.
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only positional traders

COVER YOUR EDUCOMP,BOOK PARTIAL PROFITS IN RELIANCE.COVER RCAP ONCE.BOOK PROFITS IN RCOM ALSO.BOOK 50% PROFITS IN 4500 PUTS.
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index sl hit

NIFTY FUT: SL triggered.

Unwinding should continue up to 4401.30-4403.30 zone. Rallies up to 4437.60 can be used to exit. SL at 4484.75-4486.75 zone.

only positional traders

REMAIN SHORT IN RCOM FOR A TARGET OF 410,405.MARKET IS WEAK TILL NIFTY IS TRADING BELOW 4490,SO AT HIGHER LEVELS,SHORT AGAIN FOR A TARGET OF 4380,4330.
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BUY CASH MARKET

Cash Market: HDFCBANK (NSE Cash CMP 1218.65) looks good. Expect small downside now and thereafter it will start move up.

only positional traders

IF RELIANCE TRADES BELOW 2250,CARRY RELIANCE SHORTS FOR A TARGET OF 2220,2170.

SHORT RCAP BELOW 1305,TGT 1270,1250.SHORT SBI FOR A TGT OF 1435,1400.
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ONLY POSITIONAL TRADERS

hold your shorts as of now, book partial profits in ONGC

BUY INDEX

NIFTY FUT: Buy with a Stop Loss of 4413.60 level. Target at 4484.75-4486.75 zone.

BUY IT STOCKS

Cash Market Intra-Day: Buy SATYAMCOMP (NSE CMP 424.60). Stop Loss at 417.80. Target at 431.15.

OUTLOOK FOR TODAY 18thy aug 2008

NIFTY FUTURES (F & O)

Hurdle at 4460 level. Above this level

, expect relief rally up to 4497-4499 zone by non-stop.

Support at 4416 & 4427 levels.

Do remember that, bulls need to protect 4377-4379 zone on down side. If not, then fall may continue.

On Positive Side, rallies up to 4534-4536

zone can be used to sell. Stop Loss is too far on upper side and can be placed at 4620-4622 zone.

Short-Term Investors:

Short-Term Upward Target at 4657-4659 zone.

Short-Term Support at at 4340-4342 zone.

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Headlines for the day

    Corporate News Headline
    BHEL is planning to investment of over Rs. 100 bn in the next four years to ramp up capacity to meeting the growing electricity needs. (ET)
    Sun Pharmaceuticals got the US Federal Trade Commission approval for the open offer made by it to shareholders of Israeli firm Taro. (BS)
    Idea Cellular deferred its open offer for an additional 20% stake in Spice Communications following a delay in approval for the same from the market regulator SEBI. (ET)
 Economic and Political Headline
    Inflation soared to a fresh 13-year high of 12.44% for the week ended August 2, on the back of rising food and fuel prices. (ET)
    The Finance Minister said that India would meet its fiscal deficit target for 2008/09 despite the pay increase for government workers. (ET)
    The US inflation soared to 5.6% from a year earlier in July, led by gains in food, energy, airline fares and apparel. (WSJ)

 

MPHASIS (NSE Cash): Likely to Zoom.

If crosses & sustains at above 236 level then uptrend may continue.

Support at 216 level. Should not be allowed to break at any cost.

INFOSYS FUTURES (NSE): Likely to Zoom.

If crosses & sustains at above 1791 level then uptrend may

continue.

Support at 1685 level. Should not be allowed to break at any cost.

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The Dow Jones Industrial Average closed at 11,659.90. Up by 43.97 points.

The Broader S&P 500 closed at 1,298.20. Up by 5.26 points.

The Nasdaq Composite Index closed at 2,452.52. Down by 1.15 points.

The partially convertible rupee ended at 43.01/02 per dollar on Thursday, weaker

than Wednesday's close of 42.65/66.

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Avoid Short Selling in PSU INDEX Stocks

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Strong & Weak futures

This is list of 10 Strong Future Stocks:

Polaris, AIA Eng,Aptech Training, Cummins, India Infoline, Triveni, Kpit, Strides Arco, Ansal Infra and Gail.

And this is the list of 10 Weak stocks

; NDTV,Bombay Dyeing,Amtek auto, HDIL, Aban, Rcom, Sterlig Bio, IDFC ,S Kumars and Hindalco.

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