Trading with PT style
- Thread starter praveen taneja
- Start date
- Status
Nifty Strategy: Buy Nifty around 5210/5200 level with a tight stop-loss below 5175. On the higher side, we may expect 5260 and 5285 levels. the level 5280/85 may act as a major hurdle and selling is advisable around these levels with a tight stop-loss above 5315. (Levels are applicable for the day only or carry with given stop-loss)
Market Outlook 18th Feb 2010
Corporate News Headline
• Larsen & Toubro has won an order worth Rs. 10.13 bn from state-run explorer Oil and Natural Gas Corp. (BS)
• GAIL India said it plans to transit 21% more natural gas through its pipelines at 114.8 million cubic meters per day in 2010-11 fiscal. (BS)
• Housing Development Finance Corporation raised Rs. 5.00 bn through a zero-coupon bond issue, two sources familiar with the transaction said. (BS)
Economic and Political Headline
• An Empowered Ministers' panel meeting is likely to take some decisions to tackle price rise and finalize the draft Food Security Bill, which seeks to give the poor the right to get rice and wheat at Rs 3 per kg. (BS)
• Wholesale prices in the US fell in February more than anticipated, led by a drop in fuel costs and signaling there are few inflation pressures building in the early stages of the economic recovery. The 0.6% decrease in prices paid to factories, farmers and other producers was the biggest since July and followed a 1.4% January increase, according to figures from the Labor Department in Washington. Excluding food and fuel, so-called core prices climbed 0.1%. (Bloomberg)
• UK jobless claims fell in February at the fastest pace since 1997, suggesting the economic recovery is strengthening as Britons prepare for a general election within weeks. The number of people receiving unemployment benefits dropped 32,300 from January to 1.59 million, the Office for National Statistics said in London. (Bloomberg)
Corporate News Headline
• Larsen & Toubro has won an order worth Rs. 10.13 bn from state-run explorer Oil and Natural Gas Corp. (BS)
• GAIL India said it plans to transit 21% more natural gas through its pipelines at 114.8 million cubic meters per day in 2010-11 fiscal. (BS)
• Housing Development Finance Corporation raised Rs. 5.00 bn through a zero-coupon bond issue, two sources familiar with the transaction said. (BS)
Economic and Political Headline
• An Empowered Ministers' panel meeting is likely to take some decisions to tackle price rise and finalize the draft Food Security Bill, which seeks to give the poor the right to get rice and wheat at Rs 3 per kg. (BS)
• Wholesale prices in the US fell in February more than anticipated, led by a drop in fuel costs and signaling there are few inflation pressures building in the early stages of the economic recovery. The 0.6% decrease in prices paid to factories, farmers and other producers was the biggest since July and followed a 1.4% January increase, according to figures from the Labor Department in Washington. Excluding food and fuel, so-called core prices climbed 0.1%. (Bloomberg)
• UK jobless claims fell in February at the fastest pace since 1997, suggesting the economic recovery is strengthening as Britons prepare for a general election within weeks. The number of people receiving unemployment benefits dropped 32,300 from January to 1.59 million, the Office for National Statistics said in London. (Bloomberg)
Strong & Weak stocks
This is list of 10 strong stocks:
JSW Steel, Educomp, TCS, Chennai Petro, Hindalco, Sesa Goa, Indusind Bank, LITL, Jindal Saw & Hero Honda.
And this is list of 10 Weak stocks:
Balrampur Chini, Bajaj Hind, Dish TV, ICSA, Nagarjuna Fertil, Chambal Fert, KS Oils, Hind Uni Lvr, KFA & IOB.
Nifty is in Up trend
This is list of 10 strong stocks:
JSW Steel, Educomp, TCS, Chennai Petro, Hindalco, Sesa Goa, Indusind Bank, LITL, Jindal Saw & Hero Honda.
And this is list of 10 Weak stocks:
Balrampur Chini, Bajaj Hind, Dish TV, ICSA, Nagarjuna Fertil, Chambal Fert, KS Oils, Hind Uni Lvr, KFA & IOB.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Above 5240 level, rally may continue up to 5257-5259 zone by non-stop.
Support at 5225 & 5230 levels. Below these levels, expect profit booking up to 5204-5206 zone and thereafter slide may continue up to 5185-5187 zone by non-stop.
On Positive Side, cross above 5276-5278 zone can take it up to 5294-5296 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
Above 5240 level, rally may continue up to 5257-5259 zone by non-stop.
Support at 5225 & 5230 levels. Below these levels, expect profit booking up to 5204-5206 zone and thereafter slide may continue up to 5185-5187 zone by non-stop.
On Positive Side, cross above 5276-5278 zone can take it up to 5294-5296 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 17-Mar-2010 2562.73 1746.79 815.94
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 17-Mar-2010 1350.53 1648.25 -297.72
Category Date Buy Value Sell Value Net Value
FII 17-Mar-2010 2562.73 1746.79 815.94
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 17-Mar-2010 1350.53 1648.25 -297.72
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