Nifty Stock Trend

ABB

The next intra day resistance for the stock is seems to be around the level of 875. closing above 875 may take up the stock till the higher levels of 890 to 900 in short term.
RESISTANCE: 875 SUPPORT: 874

Ambuja Cement

in this stock we had already mentioned in our previous reports that one could go for buy on dips until
it made closing below 100, could moves till the higher levels of 119 to 120 in short term.

RESISTANCE: 117.70 SUPPORT: 110.60


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Nifty Fut

Risistance for Nifty Fut is 5145, 5190, 5210

Support for Nifty 5080, 5065

1- Always Trade with stop loss
2- Don't trade with huge property


Stock Options Call

IDEA 50 PUT 1 - SO IF U WANT TO BOOK STRANGLE TARGET DONE AS 60 CALL BOOKED AT 1.90 !
MEDIUM RISK TRADE- BUY NIFTY JULY 4500 PUT AT 50 SL 25 CLOSING BASIS TARGET 75/95


Jaiprakash Associates Limited

suggestion – Buy

Target 123.40, 123.80, 124.50

Stop Loss 117.45 Target date 9-june -2010

Market Update-

With the debt crisis spreading to Hungary and pushing down euro to a new 4-year low, Asian and European markets tumbled today and triggered a heavy sell-off on the Indian bourses.
A weak close on Wall Street last Friday and disappointing jobs data also weighed in to a notable extent. The Sensex, which plunged to 16,686.73, ended at 16,795.86 (provisional) with a loss of 321.83 points or 1.88%. The Nifty closed at 5039.45, down 96.05 points or 1.87%.
Realty and metal stocks were among the worst hit. Oil, PSU, IT, bank, auto and capital goods stocks too suffered sharp losses. Midcap and smallcap stocks too were seen reeling under pressure. DLF lost over 6%. Hindalco, Tata Steel and Tata Motors ended lower by over 4%.
Sterlite, Bharti Airtel, ICICI Bank, SBI, HDFC, Jindal Steel, Infosys, Reliance Infra and RIL also declined sharply. SAIL, HCL Tech, BPCL, Cairn, Idea Cellular, Unitech, Axis Bank, Suzlon and Reliance Capital went down sharply. RComm ended more than 4.5% up. ACC, Ambuja Cements and Kotak Bank also closed on a positive note. The market breadth was weak right through the day.

The CNX IT index last week ended at its 5884.30 Mark gaining 1.74%. The CNX IT Futures prices surged along with increase in the cost of carry but with decline in the open interest on weekly basis, this is an indication that the index raised more on account of short covering rather than fresh long built up. For the coming week, immediate Support for the Index is seen in the range of 5800-5675 mark, below this mark the Next Support is seen at 5620/5550 mark whereas on the upside Resistance is seen at 5920/ 5970 levels.


Last Week the Nifty Index ended at 5135.50 Mark gaining 1.36%. The Nifty Futures (June) closed at a discount of 15.55 points vs. 25.55 points last week. On the derivatives front we can see that the Nifty Future prices gained along with an overall addition of open interest and increase in the cost of carry in comparison to previous week, this is an indication of some longs being built at lower levels. For the coming week immediate Support for Nifty is seen in the zone of 5040-4960, if this range is breached decisively downside pain may continue to prevail in which case Nifty may drag towards its Next Support zone of 4850/4780 whereas on the upside Resistance is seen in at 5160/5236 Mark.

Stock Options Trend

Maximum addition of open interest on put options front is seen at strike price of 5000-4800 indicating it as immediate support zone on the downside whereas on the call options front we have seen maximum addition of open interest at strike price of 5200 indicating it as Resistance on the upside.

Nifty Resistance and Trend

Indian Stock Market finished with little changed on Thursday as mixed set of economic data on Jobless claims & Retail sales. However, Traders and Investors remained timid ahead o Friday'smonthly Jobs report. Most Asian averages are trading with a negative bias on Friday morning. Stock markets in India are expected to open in a constricted range in the morning. For The NSENifty, Stock Futures, the Critical level is seen at 5088 above which overall sentiment will remain bullish. The first Nifty Resistance for the day comes at 5124 wherein if market stabilizes above this, we can expect further upside towards the Major Resistance at 5148.

Market News

Reliance revives plan to build chemical plant: Reliance Industries may start work on a multibillion-dollar chemical plant this year, reviving a project to meet India’s surging demand for the raw materials for plastics, drugs and textiles. RIL is close to deciding the final configuration of the plant, which will be capable of producing 1.6 million metric tonne a year of chemicals such as ethylene and propylene.

NSE Most Active Futures

Symbol	Expiry Date	Prev Close	High Price	Low Price	Last Price
TATASTEEL	24-Jun-10	485.30	495.90	483.10	485.50
TATAMOTORS	24-Jun-10	746.75	771.70	757.70	764.05
JSWSTEEL	24-Jun-10	1049.00	1084.85	1055.25	1034.00
RELIANCE	24-Jun-10	1014.75	1039.00	1021.20	1034.00
SBIN	24-Jun-10	2238.55	2284.05	2254.55	2269.00
HINDALCO	24-Jun-10	143.55	147.90	145.05	146.35
RCOM	24-Jun-10	155.10	166.25	155.90	164.95
SESAGOA	24-Jun-10	361.60	379.40	365.00	371.40
ICICIBANK	24-Jun-10	829.40	844.80	836.00	840.20
AXISBANK	24-Jun-10	1200.15	1246.00	1210.90	1244.70

Reliance Industries Looking for $1 billion loan

HONG KONG: Reliance Industries Ltd is seeking a $1 billion loan at pricing and a tenor that will test bank appetite for Indian credits, banking sources said. Bids on the new money loan were due on Thursday, the sources said, with the borrower requesting a tenor of seven years and pricing below 200 basis points (bps) all-in.

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Stock futures For Today
Now day Nifty Resistance comes at 5125 close above trg 5156 / 5185 / 5215
Support at 5060 :: also Stoploss for long on closing basis