Markets Weekly For 1/06/2009 To 5/06/2009

WEEKLY MARKET OUTLOOK

NIFTY (4448.95)

Resistance : 4525 / 4565 / 4610 / 4660 / 4750 / 4795

Support : 4375 / 4340 / 4255 / 4200 / 4145 / 3950

SENSEX (14625.25)

Resistance : 14725 / 14965 / 15065 / 15270 / 15500

Support : 14455 / 14290 / 13945 / 13850 / 13720 / 13080

NIFTY FUT (4453.5)

Resistance : 4605 / 4755

Support : 4345 / 4200 / 3940

BANK NIFTY (7350.3)

Resistance : 7585 / 7815

Support : 7190 / 6965 / 6575

SECTOR WATCH

SECTOR : OIL & GAS : Bullish

Total OI of CAIRN FUT down 14.29% prices up 4.58%, GAIL FUT down 24.23% prices up 4.90% ONGC FUT down 31.65% prices up 12.08% and RELIANCE FUT down 24.91% prices up 4.21% last week.

OI down due to expiry. Long positions build up seen in these counters. We expect positive move in coming week.

STOCK FUT TO WATCH NEXT WEEK

GTLINFRA FUT : Bullish

Total OI of GTLINFRA FUT up 47.17% prices up 11.63% last week volumes increased in last 2 sessions. Intraday high 46.85, Intraday low 40.05 last week.

We expect GTLINFRA FUT to show up move in coming week.

WEEKLY NIFTY FUTURE OBSERVATION :-

1) Total OI of NIFTY FUT down 24.40%, NIFTY FUT closed up 4.75% last week. OI down due t expiry.

2) Out of NIFTY 50 Stock FUTS, 36 Stock FUTS closed positive, 10 Stock FUTS closed negative and 4 Stock FUTs close flat last week.

3) OI of NIFTY 4500 CE is up 170% prices up 64%, NIFTY 4600 CE is up 445% prices up 63% and NIFTY 4700 CE is up 471% prices up 66% last week showing call buying. OI of NIFTY 4500 CE is 22.22 LK, highest OI in CALLs.

4) OI of NIFTY 4000 PE is up 174% prices down 49%, 4100 PE is up 537% prices down 47%, 4200 PE is up 321% prices down 45% and 4300 PE is up 322% prices down 42% last week showing put writing. OI of NIFTY 4000 PE is 23.24 LK, highest OI in PUTs.

5) Total OI of JUNE series CALLs is up by 71.96 LK to 1.80 CR. JUNE series PUTs is up by 94.77 LK to 2.01 CR. JUNE series PCR (OI) at 1.11.

Conclusion :-

I Expect NIFTY SPOT to show up move with possibility of profit booking at higher levels next week.

NIFTY SPOT Resistance@ 4560-70, 4610-20 levels, Above 4660 levels next TGT will be 4740-60 levels, here I expect strong Resistance.

Profit booking expected near 4660-4750 levels.

On down side, NIFTY SPOT Support 4330-40, 4290-4300 levels, Strong Support 4180-90, 4155/4145 levels for next week.

Lot Size In FUTURES Changes From SEPTEMBER 2009

Attached In Link To The Word Document Of Changes In Stock Futures From September : 2009


http://sites.google.com/site/sharebazaaronline/lot-size-in-futures-changes-from-september-2009

OR

http://groups.google.co.in/group/sharebazaaronline/web/lot-size-in-futures-changes-from-september-2009

OR

http://sharebazaaronline.ning.com/profiles/blogs/lot-size-in-futures-changes



Please Click On Any Of These 3 Links To See Or Download The File.

Markets For 29/05/2009

NIFTY (4337.1)

Resistance : 4375 / 4395 / 4435 / 4480

Support : 4270 / 4215 / 4160

SENSEX

Resistance : 14420 / 14500 / 14545

Support : 14125 / 13955

NIFTY FUT (4336)

Resistance : 4355 / 4390 / 4425

Support : 4310 / 4285 / 4250 / 4235

MKT COMMENTS

NIFTY FUT OI up 16.26% with 56% increasing volumes indicating forming of long positions.

We expect positive move with volatility.

On Friday,Opening Is Flat To Positive,

Buy NIFTY Above 4340,Sl Below 4320,Tgt 4365/90/4430/55

Sell NIFTY Below 4315,Sl Above 4335,Tgt 4305/4280/55/30

Buy POSITIONAL

JSWSTEEL Above 555,Sl 540

MATRIXLABS Above 195,Sl 185

RPOWER Above 170,Sl 160

HDIL Above 280,Sl 260,Tgt 320/50/75

GESHIP Above 280,Sl 270,Tgt 295++

RCAP Above 925,Sl 875,Tgt 980/1015/55/85

CHAMBALFERT Above 60/62,Sl 55,Tgt 80/85/95/105

BUY

GAIL Above 290,Sl 285

JPASS Above 195,Sl 190,Tgt 200/05/10

RPOWER Above 170,Sl 165,Tgt 175/80/85/90

ACC Above 730,Sl 715,Tgt 740/50/60/70

APTECH Above 175,Sl 165,Tgt 185/95/200

BHARTI Above 795,Sl 785,Tgt 815/35/55/65

SELL

BOMBAYDYIENG Below 325,Sl 335,Tgt 315/05/295/85

CHENNAI PETRO Below 180,SL 185,Tgt 175/70/65

CORPBANK Below 305,Sl 315,Tgt 295/85/75/70

Markets For 27/05/2009

NIFTY (4116.7)

Resistance : 4155 / 4220 / 4265 / 4320

Support : 4085 / 4055 / 3995

SENSEX (13589.23)

Resistance : 13820 / 13880 / 14170

Support : 13415 / 13275 / 13235 / 12890

NIFTY FUT (4114)

Resistance : 4210 / 4310

Support : 4050 / 4020 / 3990

MKT COMMENTS

NIFTY FUT OI (both series) up with increasing volumes indicating unwinding of longs plus forming of shorts too.

We expect NIFTY FUT to trade volatile, bounce expected from lower levels.

On Wednesday,Opening Is Flat To Up,

Buy NIFTY Above 4145/50 Below 4130,Tgt 4175/4195/4230/4255

Sell NIFTY Below 4130/25,Sl Above 4145,Tgt 4080/4050/4020/3980

Results On 27/05/2009 :

BHEL / CAIRN / JINDALSTEEL / MRPL / EMCO / HERCULESHOISTS / GODREJINDS

BUY

CIPLA Above 118,Tgt 123/25/28

REDINGTON Above 225,Sl 215,Tgt 235/40

LICHSG Above 450/55

UNIONBANK Above 200,Sl 190,Tgt 205/15/25+

TATAPOWER Above 1070,Sl 1055,Tgt 1105/35/55/65+++

MASTEK Above 235,Sl 225,Tgt 245/55/65/75

SELL

SBIN (1689),Sl Above 1710,Tgt 1665/50

KOTAK Below 625,Sl 635,Tgt 615/10

PATNI Below 210,Sl 220,Tgt 205/195/185

ZEETELE Below 170,Sl 180,Tgt 160/50/40+

MARUTI Below 955,Sl 965,Tgt 945/25/05+

FUTURES

STER (539.2)

Support : 531/524/524

Resistance 547/553/558/565

HINDALCO : Buy@ 80,Sl 78,Tgt 82/83/84/85/86/87 (Lot Size : 7036)

INDHOTEL : Sell@ 63/64,Sl 65,Tgt 62/61/60/59/58/57 (Lot Size : 7596)

COMEX GOLD (AUG): Rising stochastics at overbought levels warrant some caution for bulls. The close above the 9-day moving average is a positive short-term indicator for trend. The close over the pivot swing is a somewhat positive setup. The near-term upside objective is at 971.3. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 965.3 and 971.3, while 1st support hits today at 952.5 and below there at 945.8.

COMEX SILVER (JUL): Momentum studies are trending higher but have entered overbought levels. A positive signal for trend short-term was given on a close over the 9-bar moving average. Market positioning is positive with the close over the 1st swing resistance. The next upside objective is 1510.2. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 1491.5 and 1510.2, while 1st support hits today at 1448.5 and below there at 1424.3.

Markets For 26/05/2009

NIFTY (4237.55)

Resistance : 4270 / 4305 / 4340

Support : 4205 / 4170 / 4140

SENSEX (13913.22)

Resistance : 14020 / 14130 / 14200

Support : 13815 / 13750 / 13715 / 13610

NIFTY FUT (4242) : NIFTY Is Range Bound Between 4150-4380

Resistance : 4275 / 4295 / 4325 / 4380

Support : 4205 / 4190 / 4170 / 4150

MKT COMMENTS

NIFTY FUT OI (both series) marginal down with decreasing volumes indicating unwinding of longs.

We expect NIFTY FUT to trade rangebound with negative bias.

On Tuesday,Opening is Flat to Up,

Stay Long Abv 4240,Sl Below 4225,Tgt 4270/4295/4315/4340.

Sustain Below 4225,Sell with Sl Above 4240,Tgt 4205/4175/4150.

BUY

BIOCON Above 190,Sl 185,Tgt 195/200/205

SBIN (1722),Sl Below 1705,Tgt 1745/55

HDFC At Dips,Sl 2040,Tgt 2120/50

JETAIRWAYS Above 315

JPASS,Sl 175,Tgt 195/200/210

RELINFRA Above 1150,Sl 1125,Tgt 1180/95+

BALCHINI Above 80,Sl 77,Tgt 83/85/87+

BUY POSITIONAL

RNRL,Sl 77,Tgt 85/88/91

PANTALOON Above 310,Sl 300,Tgt 320/30+

BPCL Above 465,Sl 445,Tgt 480/90++

GITANJALI Above 118,Sl 114,Tgt 130

HINDPETRO Above 340,Sl 315,Tgt 355/65+

JPHYDRO / SURAJDIAMONDS / IDFC / VIDEOCONINDS / RAJESHEXP / GVKPIL

FUTURES

MLL (59.8)

Support : 58.3 / 57.1 / 56.3 / 55.2

Resistance : 61.3 / 62.5 / 63.2 / 64.5

JPASS (188) : Buy Above 188,Sl 184,Tgt 192/95/97/200

ONGC (1039) : Buy@ 1000/1010,Sl 990,Tgt 1030/45/60/80/1100 (BTST,If Closes Above 1045/1060 )

RANBAXY (266.7) : Buy@ 255,Sl 249,Tgt 265/70/75/80+

TV18 : Buy@ 139,Sl 137,Tgt 140/141.6/143/145.7/147.1/149/151

CAIRN : Sell@ 215,Sl 217.5,Tgt 212.5/211.4/209.8/207/205/203/200/198

BHARTI (811.4) : Sell@ 835/30,Sl 860,Tgt 790/80

Stocks To Be Accumulated In Next Bear Phase

Kindly find enclosed the selected list of stocks, we have short listed 14 stocks each from the Large-cap and Mid-cap segment, that we feel should be accumulated in case there is correction in the markets in near future.

Though we have given an accumulation range, which should be taken as preferred range to buy the stock, but as we are not sure if that range will come or not, as it will be a function of the market dynamics.

Kindly focus on the target price and depending on the returns with which your client is comfortable, you can try to buy the stock at best price for him during declines.

	Large Caps
	Company	Accumulation Range		Trgt price
1	Ashok Leyland	14	18	24
2	Bharti Airtel	560	620	926
3	Bhel	1380	1472	1864
4	Ge Shipping	160	180	274
5	ICICI Bank	380	440	660
6	IVRCL	110	124	192
7	Maruti Suzuki	648	756	1026
8	Power Grid	74	82	120
9	Reliance Capital	420	480	720
10	Reliance Infra	520	640	920
11	Sesa Goa	90	105	180
12	Sterlite Industries	340	420	582
13	Ultratech	385	460	684
14	Hind Zinc	420	480	672
	Mid Caps
	Company	Accumulation Range		Trgt price
1	Birla Corp	120	148	234
2	IDFC	62	72	110
3	IRB Infra	64	80	128
4	Lic Housing Finance	240	280	450
5	Patel Engg	135	150	324
6	Phoenix Mill	68	76	150
7	PTC	58	64	92
8	Shriram Transport	180	220	300
9	Simplex Infra	130	145	244
10	Sintex Ind	95	120	205
11	Voltas	46	52	78
12	Balrampur Chini	60	70	100
13	Yes Bank	54	56	98
14	Hind Dorr Oliver	28	34	65

http://groups.google.co.in/group/sharebazaaronline/web/stocks-to-be-accumulated-in-next-bear-phase


or


http://sites.google.com/site/sharebazaaronline/stocks-to-be-accumulated-in-next-bear-phase


or


http://sites.google.com/site/sharebazaaronline/stocks-to-be-accumulated-in-next-bear-phase

Markets For 22/05/2009

NIFTY (4210.9) : Close Below 4165 Levels,Sentiments Will Be Broken For Bulls,Next Support@ 4060

Resistance : 4260 / 4285 / 4340 / 4365

Support : 4165 / 4125 / 4060

SENSEX (13736.54)

Resistance : 13980 / 14100 / 14230

Support : 13595 / 13455

NIFTY FUT (4220) : Major Support@ 4175/45 Levels & Huge Resistance Around@ 4250/60 Levels

Resistance : 4295 / 4375

Support : 4175 / 4145 / 4130

MKT COMMENTS

NIFTY FUT OI down 7.90% with 6% decreasing volumes indicating unwinding of long positions.

We expect profit booking at higher levels.

On Friday,Opening is Flat to Down,

Stay Short Below 4240,Sl Above 4250,Tgt 4205/4170/4145/4120/4090/4060,

Sustain Above 4255,Buy with Sl Below 4245,Tgt 4280/4310/4360/4385.

BUY Positional

GMRINFRA,Tgt 175/200+

ROLTA@ 105/110,Sl 95

ESCORTS@ 53/58,Sl 43

BALLARPURIND

BLKASHYAP Above 350/55,Sl 335

AUROPHARMA Above 345,Sl 330

BIOBON Above 165,Sl 155

PANTALOONR Above 300,Tgt 315/30+

WOCKHARDTPHARMA Above 105/10,Sl 90

INTRADAY

BUY

ROLTA Above 105,Sl 100,Tgt 115/25/35

GREATOFFSHORE,Sl 310

BAJAJAUTO Above 925,Sl 910,Tgt 960/90/1030/60

BOB Above 435,SL 425,Tgt 450/65/85+

EDUCOMP Above 2680,SL 2660,Tgt 2700/20/35+

SELL

VSNL Below 585,Sl 595,Tgt 570/50/30++

TATASTEEL Below 365,Sl 375,Tgt 355/40/25++

NTPC Below 210,Sl 220,Tgt 205/195/80

RELCAP Below 835,Sl 845

WELSPUNJGUJ Below 145,Sl 150,Tgt 140/35/30

SBIN (1712),Sl Above 1735,Tgt 1690/75

FUTURES

BHARTI (851) : Buy@ 830/35,Sl 820,Tgt 850/65/80/95 (Above 865,Hold LongsPositional,Sl 840)

ONGC (1073) : Buy@ 1050/60,Sl 1035,Tgt 1090/1110/1125

RCOM : Buy Above 315,Sl 305,Tgt 320/23/26/29/32/35/38/40/45 (Lot Size : 1400)

HDFC (2090) : Sell@ 2175/55,Sl 2230,Tgt 2100/2050/2000

IDEA : Sell@ 69.5/68.5,Sl 70.5,Tgt 68/67.5/66.7/66/65.3/64.7/64/63 (Lot Size : 5400)