Friday, June 18, 2010

Market Outlook 18th June 2010

Strong & Weak Stocks
This is list of 10 strong Stocks 
RNRL, RCOM, R Power, Rel Capital, MTNL, TTML, Rel Infra, TV-18, LITL &  BRFL.  
And this is list of 10 Weak Stocks: 
Grasim, Educomp, Chennai Petro, Pir Health, Tata Steel, Petronet, India Hotel, Tulip, JSW Steel & BPCL.
The daily trend of nifty is in Uptrend 


spot index levels
NSE Nifty Index   5274.85 ( 0.79 %) 41.50       
 1 23
Resistance 5304.755334.65   5383.75  
Support 5225.755176.65 5146.75

BSE Sensex 17616.69 ( 0.88 %) 153.82      
 1 23
Resistance 17711.1117805.52 17963.63
Support 17458.5917300.48 17206.07

  Corporate News Headline
Reliance Industries may foray into the healthcare sector by buying a 26% stake in hospital chain Fortis Healthcare. (BS)
Reliance Power announced the commencement of power generation from 300 Mw Unit II of its Rosa Power Project. (BS)
Sun Pharmaceutical Industries has received the US health regulator's nod for marketing a generic version of the Keppra injection, used for treating epilepsy, in the American market. (BS)
  Economic and Political Headline
Food inflation continued to hold out above 16% for the eight straight week ending June 5, prompting the RBI to say it could increase interest rates to arrest price-line ahead of a scheduled policy. Week-on-week, food inflation showed a marginal decline to 16.12% on cheaper fruits and vegetables, but the overall rate of price rise surged to double digits in May 10.16%. Week-on-week, prices of fruits and vegetables fell by 6% and tea became cheaper by 2%. Fruits cost 14% less. However, prices of urad rose 6% and that of maize, bajra and gram inched up by 1% each. Pulses became costlier by 34% and milk by 21%. (BS)
UK retail sales increased more than economists forecast in May as shoppers bought electrical goods such as wide-screen televisions to watch the World Cup soccer tournament. Sales climbed 0.6% on the month, the Office for National Statistics said in London. (Bloomberg)
Manufacturing in the Philadelphia region expanded in June at a slower rate than forecast as a measure of factory employment contracted for the first time in seven months. The Federal Reserve Bank of Philadelphia's general economic index dropped to 8, a 10-month low, from 21.4 in May. (Bloomberg)


FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
FII17-Jun-2010 2748.72286.1 462.6
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
DII 17-Jun-2010827.7 1191.33-363.63

*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

Wednesday, June 16, 2010

Market Outlook 16th July 2010

  Corporate News Headline
Reliance Industries will invest USD 3 bn to expand its petrochemicals unit in western Gujarat state. Reliance will build a two-million-tonne chemical plant in Jamnagar that will use gas from its refining operations as feedstock. (BS)
Larsen & Toubro, one of the contenders for NTPC's Rs. 250 bn bulk tender, asserted that there was no technical irregularity in its bid. A M Naik, the Chairman of Larsen & Toubro, met Power Secretary and is believed to have discussed the issue with him. (BS)
Reliance Communications added 2.82 million mobile subscribers in May, taking its total users to 108 million, the company said. (BS)
  Economic and Political Headline
As it bets on a good monsoon for food prices to ease, the government said the Reserve Bank will consider appropriate policy actions to tighten money supply to bring down inflation. (BS)
German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe's largest economy. The Mannheim-based ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, slumped to 28.7 from 45.8 in May. (Bloomberg)
UK inflation slowed in May for the first time in three months as lower costs of items from food to transport eased price pressures in the economy. Consumer prices rose 3.4% from a year earlier, compared with 3.7% in April, the Office for National Statistics said. (Bloomberg)

Strong & Weak Stocks
This is list of 10 strong stocks: 
RNRL, RCOM, R Power, BRFL, Dish TV, Renuka, Rel Infra, TV-18, Rel Capita & Vijaya Bank. 
And this is list of 10 Weak stocks: 
Grasim, Aban Off shore, Punj Lloyd, KS Oils, BPCL, MTNL, Sesa Goa, MLL, Educomp & Bhushan Steel.
The daily trend of nifty is in Uptrend 



SPOT / CASH INDEX LEVELS TODAY
NSE Nifty Index   5222.35 ( 0.47 %) 24.65       
 1 23
Resistance 5245.525268.68   5305.92  
Support 5185.125147.88 5124.72

BSE Sensex 17412.83 ( 0.43 %) 74.66      
 1 23
Resistance 17487.0717561.30 17680.11
Support 17294.0317175.22 17100.99

SUPPORT / RESISTANCE LEVELS IN CASH MARKET
Company Name  Exchange LTP* R1 #1 S1 @1 R2 #2 S2 @2 R3 #3 S3 @3
Bank of Baroda NSE 730.10 733.52 727.12 736.93 724.13 739.92 720.72
Banking Index Benchmark Exchange Traded Scheme (Bank BeES) NSE 952.95 958.96 945.97 964.98 939.00 971.95 932.98
Bharat Electronics Ltd. NSE 1787.00 1805.08 1760.63 1823.17 1734.27 1849.53 1716.18
Bharat Petroleum Corporation Ltd. NSE 530.60 554.07 517.57 577.53 504.53 590.57 481.07
Bharti Airtel Ltd. NSE 269.55 272.98 265.58 276.42 261.62 280.38 258.18
Bhushan Steel Ltd. NSE 1373.10 1389.90 1353.65 1406.70 1334.20 1426.15 1317.40
Dish TV India Ltd. NSE 43.45 43.92 42.92 44.38 42.38 44.92 41.92
Educomp Solutions Ltd. NSE 538.40 553.57 529.12 568.73 519.83 578.02 504.67
Grasim Industries Ltd. NSE 1796.25 1811.10 1783.20 1825.95 1770.15 1839.00 1755.30
Mahanagar Telephone Nigam Ltd. NSE 55.60 56.80 54.25 58.00 52.90 59.35 51.70
Mahindra & Mahindra Ltd. NSE 608.15 615.77 602.77 623.38 597.38 628.77 589.77
Mercator Lines Ltd. NSE 46.15 47.00 45.35 47.85 44.55 48.65 43.70
NSE Index NSE 5222.35 5245.52 5185.12 5268.68 5147.88 5305.92 5124.72
Punj Lloyd Ltd. NSE 121.15 123.18 117.83 125.22 114.52 128.53 112.48
Punjab National Bank NSE 1051.00 1061.82 1039.37 1072.63 1027.73 1084.27 1016.92
Reliance Capital Ltd. NSE 737.85 749.17 722.37 760.48 706.88 775.97 695.57
Reliance Communications Ltd. NSE 186.80 190.13 181.73 193.47 176.67 198.53 173.33
Reliance Industrial InfraStructure Ltd. NSE 963.55 1001.37 915.37 1039.18 867.18 1087.37 829.37
Reliance Industries Ltd. NSE 1066.10 1073.97 1054.17 1081.83 1042.23 1093.77 1034.37
Reliance Infrastructure Ltd. NSE 1183.60 1212.45 1136.30 1241.30 1089.00 1288.60 1060.15
Reliance Power Ltd. NSE 177.50 182.88 170.13 188.27 162.77 195.63 157.38
Sesa Goa Ltd. NSE 352.15 358.03 347.18 363.92 342.22 368.88 336.33
Vijaya Bank NSE 63.35 64.38 61.93 65.42 60.52 66.83 59.48
   *LTP stands for Last Traded Price as on Tuesday, June 15, 2010 4:04:17 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. 

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDate Buy ValueSell Value Net Value
FII 15-Jun-20102375.04 1784.95590.09
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category DateBuy Value Sell ValueNet Value
DII15-Jun-2010 762.791114.25 -351.46

*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