Intraday Report For 30/09/2009

30/09/2009:Report

WOCKHARDT(100 Shares):+500(189-194)

RELINFRA Fut(276):+4500/700(1217-1235)

RCOM Fut(700):+3500/800(302-307.5)

NIFTY(50):+1250(5040-5065)

PRAJIND Fut(2200):+4100/200(102.5-104.4)

FSL Ft(9500):+2850(37.2-37.5)

ICICI Ft(350):+8750(875-895)

TECHM Ft(600):+5000(940-950)

APTECH(100):-350(278-275)

INTRADAY

Total Profit:Rs +30000/31000

Open Positions:

NIFTY / NIFTY 5200Pe / TATASTEEL

7/9 Calls Profit : 75-80% Success Ratio

Markets For 29/09/2009

The market did open flat to negative led by global cues and It was a negative closing for the market on the first day of new series and again seen profit booking from higher side due to long weekend.Market took support from 4931 which is its very immediate support ( 78.6 Per ) and almost closed above its immediate support too which is placed near 4955 (7 DEMA ).Going forward market seems to be mature now in the higher side and as long as it not provide a breakout in the upside above 5035-55 the selling on rise may continue but it will not fall drastically as long as we are maintain above 4950-4935 zone for the short term.Any dip if comes in the market that can slide nifty to kiss the support levels of 4950 and then 4860 but from these levels we may see again buying in the market.if we fail to hold these levels then the healthy correction is not ruled out.

NIFTY (4958.95)

Resistance : 4965 / 4995 / 5025 / 5085

Support : 4925 / 4895 / 4830

SENSEX (16693)

Resistance : 16710 / 16800 / 16910

Support : 16600 / 16500 / 16385

NIFTY FUT (4967.25)

Resistance : 4970 / 5005 / 5045 / 5080

Support : 4930 / 4890 / 4845

BANK NIFTY (8467.35)

Resistance : 8485 / 8540 / 8615

Support : 8405 / 8350

MKT COMMENTS

NIFTY FUT OI marginal up with increasing volumes indicating unwinding of long positions plus forming of fresh short positions.

We expect NIFTY FUT to trade volatile.

On Tuesday,Opening Is Flat To Down,

Buy NIFTY Above 4985,Sl Below 4965,Tgt 5010/5035/5060/5085

Sell NIFTY Below 4965,Sl Above 4985,Tgt 4940/4915/4890/4865

Heavy Risk Traders

Buy NIFTY Around 4905/4915,Sl 4865,Tgt 4980/5020

BUY (Delivery)

BBL@ 950/1000,Tgt 1500/1600/1700

PANTALOON@320/340,Tgt 390/410

INTRA

KFA@ 55/56,Sl 52,Tgt 60/62/64

JETAIR Above 320,Sl 315,Tgt 330/35/40/45

DISHTV@ 44/45,Sl 43,Tgt 47/48

CIPLA,Sl 260,Tgt 275

RELINFRA,Sl 1180,Tgt 1230

FUTURES

BUY

BHARTI@ 420,Sl 410,Tgt 430/40/45

IDBI Above 126,Sl 124,Tgt 128/130/132

AXISBANK Above 925,Sl 915,Tgt 935/40/45

SELL

SAIL Below 170,Sl 173,Tgt 167/65/64

SBIN Below 2140,Sl 2155,Tgt 2120/10

Markets Weekly From 28/09/2009 To 02/10/2009

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WEEKLY MARKET OUTLOOK

It was a mildly choppy week for our market with poor global cues and end of an F&O series. Nifty Fut. made the weekly low of 4909.25 we expect going further global cues will give direction to our market for October series. This week's average figures were: Sensex and Nifty both down 0.3%. BSE Midcap index was up 0.6%, BSE Small cap index up 1% over the week. BSE Healthcare index was up 6%, BSE Bankex index and BSE Oil & Gas index both up 1% and BSE Metal index down 3.9% while BSE IT index was down 3%.

We feel the market will make a decisive move in the next few days or mid October as corporate results begin to come in. Sensex shut shop at 16693, down 88 points and Nifty at 4958, down 27 points from the previous close. CNX Midcap index was up 0.32% and BSE Small cap index was up 0.91%. The market breadth was positive with advances at 753 against declines of 508 on the NSE. Top Nifty gainers included Sun Pharma, Ranbaxy and Cipla while losers were HCL Technologies, Wipro and ICICI Bank.

Now week starting from September 29, 2009 we expect Nifty fut. to face resistance at 5005 and there after 5050 & 5115 where as the support for the index is at 4900, 4835 & 4765. Until, unless we do not make a decisive break below 4765 the dips can be used for buying.

DOW has huge Supports Around 9600/9625, Two Days Close Below 9600/9575,Can Bring Some Panic

NIFTY (4958.95)

Resistance : 5030 / 5060 / 5095 / 5145

Support : 4910 / 4895 / 4840 / 4750 / 4705

SENSEX (16693)

Resistance : 16710 / 16930 / 17045 / 17160 / 17285

Support : 16475 / 16395 / 16260 / 16130 / 15900

NIFTY FUT (4967.25)

Resistance : 4975 / 5005 / 5050 / 5115

Support : 4900 / 4835 / 4765 / 4690

BANK NIFTY (8467.35)

Resistance : 8575 / 8680

Support : 8455 / 8350 / 8235

Observation:-

1) Total OI of NIFTY FUT down 20.50%, NIFTY FUT close flat last week. OI down due to expiry. NIFTY FUT premium increased by 6 points to 8 points from 2 points compare to NIFTY SPOT last week. New series begin with 2.52 CR OI.

2) Out of NIFTY 50 Stock FUTS, 11 Stock FUTS closed positive, 23 Stock FUTs closed negative and 16 Stock FUTs close flat last week.

3) OI of current series NIFTY 5000 CE is up 157.38% prices down 21.22% showing call writing. OI of current series 5100 CE is up 133.72% prices down 26.85% and 5200 CE is up 58.79% prices down 33.05% showing unwinding plus call writing last week. OI of NIFTY 5000 CE is 32.25 LK highest OI in CALLLs.

4) OI of current series NIFTY 4600 PE is up 91.52% prices down 22.29% showing put writing. OI of current series NIFTY 4700 PE is up 162.62% prices down 19.03%, NIFTY 4800 PE is up 100.32% prices down 16.92%, NIFTY 4900 PE is up 448.91% prices up 12.33% and NIFTY 5000 PE is up 264.75% prices down 7.54% last week showing put buying. OI of NIFTY 4900 PE is 43.39 LK highest OI in PUTs.

5) Total OI of OCTOBER series CALLs is up by 97.02 LK to 1.78 CR, OCTO series PUTs is up by 1.09 CR to 2.48 CR. NIFTY OCTO series PCR (OI) at 1.39 down by 30 points

SECTOR WATCH : PHARMA (BREAKOUT ON CARDS)

Last weeks trade showing long build up in PHARMA COUNTERS. Most of them hitting 52 week high last week.

AUROPHARMA FUT : OI up 47.60% prices up 9.62% last week. Key R 765, 790. S 710, 693.

BIOCON FUT : OI up 5.71% prices up 10.54% last week. Key R 262, 283. S 239, 234.

DRREDDY FUT : OI up 12.98% prices up 14.06% last week. Key R 1004, 1030. S 902, 876.

ORCHIDCHEM FUT : OI up 25.86% prices up 9.22% last week. Key R 188, 193. S 148, 139.

RANBAXY FUT : OI up 7.47% prices up 14.24% last week. Key R 435, 439. S 389, 383.

DIVISLAB FUT, GLAXOFUT, LUPIN FUT and PIRAHEALTH FUT also looks positive.

STOCK FUT TO WATCH NEXT WEEK : SESAGOA FUT

SESAGOA FUT showed weakness last week. OI up 28.32% prices down 7.71% last week. OI up despite expiry. Key Resistances@ 274 / 284 & Key Supports@ 247 / 238.

Below 247 more selling expected for TGTs 229, 223.

Conclusion :-

I expect NIFTY to trade volatile next week. On down side, NIFTY SPOT Supports@ 4870-80, 4830-40 levels. Strong Supports@ 4750-60 levels.

Expect bounce from 4750-60 levels. On up side, NIFTY SPOT Resistances@ 5050-60, 5085-95, Strong Resistance@ 5135-45,

If Sustains Above 5095 levels will attract Short Covering and Trades Below 4750 levels will attract Fresh Selling. Wild swings not ruled out next week.

BUY POSITIONAL

CIPLA,Sl 255,Tgt 275/85

IBREAL,Sl 255,Tgt 280/90

PROVOGUE@ 65,Sl 60,Tgt 75/80/85

KLGSTEEL@ 230,Sl 220,Tgt 255/65

RNRL@ 86/88,Sl 80,Tgt 95/100/105+

RELIANCE@ 2120/40,Sl 2100,Tgt 2190/2210++

Markets On 22/09/2009

NIFTY (4976.05)

Resistance : 4990 / 5015 / 5060

Support : 4960 / 4945 / 4910 / 4865

SENSEX (16741.11)

Resistance : 16800 / 16860

Support : 16705 / 16645 / 16550

NIFTY FUT (4978.05)

Resistance : 4995 / 5020 / 5050

Support : 4950 / 4925 / 4885

BANK NIFTY (8379.15)

Resistance : 8445 / 8505

Support : 8370 / 8305 / 8235

MKT COMMENTS

NIFTY FUT OI (both series) down with decreasing volumes indicating unwinding of long positions.

We expect profit booking will emerge on every rise.

On Tuesday,Opening Is Flat To Positive,

Buy NIFTY Above 4950,Sl Below 4930,Tgt 4975/95/5015/5040+

Sell NIFTY Below 4930,Sl Above 4950,Tgt 4905/4885/65/40+

BUY

BHARATFORGE@ 285,Sl 280,Tgt 290/95/300

ESCORTS@ 92/93,Sl 90,Tgt 95/97/99

HCC@ 127/28,Sl 124,Tgt 130/33/35

SBIN (2148), Sl Below 2130,Tgt 2175/85/95

SUZLON@ 100/101,Sl 98,Tgt 103/04/05

SELL

STER,Sl 785,Tgt 750/45/40

ZEE Below 205,Sl 210,Tgt 200/195/90+

FUTURES

Buy REL (1243)@ 1230,Sl 1215,Tgt 1260/70/80 (Close Above 1270,Hold Longs As BTST)

Sell STERLITE (762)@ 765/75,Sl 785,Tgt 755/45/35 (Close Below 740,Hold Shorts As STBT)

RIL (2099)

Buy@ 2085,Sl 2065,Tgt 2115/25

Sell@ 2140,Sl 2170,Tgt 2115/05

RNRL Above 92,Sl 90,Tgt 94/95/96

DLF Above 430,Sl 425,Tgt 435/40/45

KSOIL Above 63,Sl 61,Tgt 65/66/67

RPOWER Above 175,Sl 170,Tgt 178/80/83/85

Markets Weekly 21/09/2009 To 25/09/2009

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WEEKLY MARKET OUTLOOK

NIFTY (4976.05)

Resistance : 5055 / 5140 / 5225 / 5330

Support : 4840 / 4755 / 4705 / 4620

SENSEX (16741.11)

Resistance : 16980 / 17170 / 17355

Support : 16280 / 15850 / 15585

NIFTY FUT (4978.05)

Resistance : 5065 / 51545

Support : 4925 / 4840 / 4710

BANK NIFTY (8379.15)

Resistance : 8625 / 8870

Support : 8255 / 8010 / 7645

BUY

VOLTAS@ 150,Sl 140,Tgt 160/70/75

KESORAM@ 375/80,Sl 365,Tgt 400/10/20

ICSA@ 190/95,Sl 180,Tgt 210/20/30

IRBINFRA@ 210/215,Sl 200,Tgt 225/30/35

DLF@ 420/25,Sl 415,Tgt 450/55/60

JPASS@ 245/50,Sl 235,Tgt 265/75/85

LICHSG@ 755/60,Sl 735,Tgt 785/95/805/815

RELIANCEINFRA@ 1225/35,Sl 1195,Tgt 1275/1325/50

CRUDE [71.98{$)]

Sustains Above 71($),Tgts 74/77($)

Sustains Below 70($),Tgt 68/68($)

SILVER [16.65($)]

Sustains Above 16.5($),Tgt 17.45/18.35($)

Sustains Below 16.2($),Tgt 15.5/14.65($)

Markets For 18/09/2009

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The market did open flat to positive and It was again a slightly positive closing for the market. As expected by me that profit booking can emerge near 5010 range we seen sharp and good profit booking from higher side but nifty closed again above its major weekly support of 4920.It seems that now a correction is round the corner and all the long positions should have a tight stop loss placed below 4930 for very short term and 4870 for short term.Its still buy on dip market as long as nifty sustains abv 4770.Higher side it seems that it will take a breath before making and significant move but until we are not having any bad news from global markets or from anywhere else, its not to worry to bulls and they will be dominant.

NIFTY (4965.55)

Resistance : 4995 / 5030

Support : 4935 / 4910 / 4850

SENSEX (16711.11)

Resistance : 16810 / 16905

Support : 16625 / 16540

NIFTY FUT (4962)

Resistance : 4985 / 5005 / 5035

Support : 4945 / 4920 / 4890

MKT COMMENTS

NIFTY FUT OI flat with 16% decreasing volumes indicating unwinding of long positions at higher levels.

We expect NIFTY FUT to trade rangebound with possibility of profit booking at higher levels.

On Friday,Opening Is Flat To Positive,

Buy NIFTY Above 4970,Sl Below 4950,Tgt 4995/5015/5030/5055

Sell NIFTY Below 4950,Sl Above 4970,Tgt 4925/4905/4890/4865

BUY

APIL Above 550,Sl 540

HDFC Above 2600,Sl 2575,Tgt 2645/2670

SBIN (2102),Sl Below 2085,Tgt 2120/30/40

RELINFRA Above 1190,Sl 1175,Tgt 1200/1210+

Positional Buy

DIVISLABS Above 550,Sl 535,Tgt 565/75/80+

BALRAMCHINI Above 128,Sl 128,Tgt 131/35/38+