Trading with PT style

[praveen taneja]

MARKETS ARE BOTTOMING OUT: With what had happened so far, the worst seems to be over techically. Fundamentally, nothing has changed. In fact, there are some hopes that the stimulus package may not be withdrawn as feared earlier. The majority in the market is stil nervous of the market pluninging to unimmaginable levels. They fear that the international events and the FII maycontinue selling. FII may not take away the money but take advantage of selling now and buying later.
not take away the money but take advantage of selling now and buying later. No one paid nay attention to the Chairman of the prime minister's economic advisory council C. Rangarajan.On Friday he said that the government is in no hurry to roll back economic stimulus measures in one go. He also said that efforts would be made in the budget later this month to lower the fiscal deficit. It has been pointed out repeatedly that the process of exit must be gradual, coordinated and must not be sudden, should not disrupt the economy and efforts will be made to bring down the fiscal deficit in the coming budget, Rangarajan said.

 

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 08-Feb-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 08-Feb-2010 1714.24 2649.79 -935.55



Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 08-Feb-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 08-Feb-2010 1112.3 731.23 381.07

 

[praveen taneja]

Strong & Weak Stocks
This is list of 10 strong Stocks:
Chambal Fert, Titan, Triveni, Dabur, SunTV, Asian Paint, BOB, Chennai Petro, Cummins Ind & BRFL.
And this is list of 10 Weak Stocks:
ICSA, Bajaj Hind, Orchid Chem, Ranbaxy, Renuka, JP Associat, EKC, India Info, HIndalco & IOB.

 

[praveen taneja]

NIFTY FUTURES (F & O):
Below 4727 level, expect profit booking up to 4673-4675 zone and thereafter slide may continue up to 4638-4640 zone by non-stop.
Hurdles at 4775 & 4782 levels. Above these levels, rally may continue up to 4799-4801 zone and thereafter expect a jump up to 4834-4836 zone by non-stop.
Cross above 4851-4853 zone, can take it up to 4886-4888 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 4620-4622 zone. Stop Loss at 4586-4588 zone.

 

[praveen taneja]

POST MARKET
The BSE Sensex closed higher by 106.57 points or (0.67%) at
16,042.18 and NSE Nifty ended up by 32.25 points or (0.68%) at
4,792.65. BSE Mid cap and Small cap closed with gains of 28.55
and 36.14 points at 6,458.91 and 8,227.34 respectively. The BSE
Sensex touched intraday high of 16,094.13 and intraday low of
15,862.90. Among the Sensex pack 19 stocks ended in green
territory and 11 in red. The market breadth indicating the overall
health of the market remained positive as 1500 stocks closed in
green while 1302 stocks closed in green and 79 stocks remained
unchanged in BSE. The S&P CNX Nifty is up by 32.25 points or
0.68% to 4792.65. The NSE turnover was down Rs.12698.05 from
last trading session’s Rs. 14131.93 Crore.

 

[praveen taneja]

SENTIMENT INDICATOR
PCR of index options is at 0.84 last trading session’s 1.04. PCR of
Stock options is at 0.29 last trading session’s 0.29. PCR of total
F&O is at 0.82 last trading session’s 1.01. The advances are 694;
declines are 576. The implied volatility has decreased to 25.95
from last trading session’s 26.87

 

[praveen taneja]

OUTLOOK
As expected, index opened on the negative note but
recovered steadily as the day progressed. Moreover, we
witnessed stock specific move throughout the session while
the index managed to closed marginally in green. IT and Teck
pivots were the major gainers in today’s trade while other
ended on positive to flat note. Likewise, flat closing in the
market breadth clearly depicts todays range bound
movement. Technicaly the market may test level of 4850+ and
afterwards trade sideways for a period or so.

 

[praveen taneja]

NEWS UPDATES
• Pantaloon Retail (India) plans to spin off at least five of
its brands and merge them with Capital Foods, as it looks
to consolidate foods businesses under one company.
• Areva T&D India received two orders worth Rs 280 crore
from Power Grid Corporation of India.
• GMR Infrastructure, a consortium of the company won a
road construction contract worth Rs 1700 crore.
• Share of three oil exploration firms rose after crude oil
prices gained almost 1% on the New York Mercantile
Exchange, on Monday 8 February 2010.

 

[praveen taneja]

EVENT TO WATCH
US- ICSC Goldman store sales
US-whole sale trade

 

[praveen taneja]

Nifty: Suppose if Nifty not crossing yesterday’s high and trades below 4774 will start panic and will kiss 4759—4719!!! Resistance at 4819—4835 Think to Buy only above that If sustains...