Outlook for this week 28/07/08 To 01/08/08

28-Jul-08 To 01-Aug-08

Have a nice trading day...

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Before market open have a glance

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Watch : SenSex & Nifty for this Week :

SenSex

Close..............: 13465

Support............: 12700

Resistance.........: 14000

Next Resistance....: 14700/15800


Nifty

Close..............: 4341.25

Support............: 4175

Next Support.......: 3850

Resistance.........: 4350

Next Resistance....: 4650

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Watch : +Ve/-ve Sectors for this Week

Oil & Gas ( Weak )

Metal ( Weak )

IT ( Stable )

Capital Goods ( Good )

Bank ( Wait & Watch )

Power Stocks ( Good )

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Watch : +Ve Stocks for this Week

PFC { Looking Good }

3i Info Tech : CMP 106, R1 110, R2 120 : Buy Above Res1

Neyveli : CMP 120.90, R1 128, R2 160

Ongc { Weak }

Abb { Weak }

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News 2 be Watch for this week

1. Global Factor

2. Crude Oil Price

3. Inflatation

4. Mansoon

5. Qtr. Results

6. RBI Results

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FI's Activities 21-Jul-08 to 25-Jul-08

Dated...... Purchase Sale.. Invest..Investment
........... (----->Rs. Crore<-----) $ US mm

25 Jul 2008 3927.10 3370.80 0556.30 137.90
24 Jul 2008 6017.90 4382.30 1635.60 405.50
23 Jul 2008 2264.40 2654.90 -390.50 -96.80
22 Jul 2008 2031.20 2143.10 -111.90 -27.70
21 Jul 2008 2988.40 2399.20 0589.20 146.10

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Derivatives Summary

. Nifty (July) future premium increased from 9.55 to 17.80 and added around 9.47 lakh shares in open interest.

. Total open interest in the market was Rs81,049 crore and Rs1,999.57 crore were reduced in open interest.

. Nifty call option added 12.20 lakh shares in open interest, where as Nifty put option shed 18.64 lakh shares in open interest.

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Monetary policy preview

. We expect the Reserve Bank of India (RBI) to announce a 25-basis-point hike each in the repo rate and the cash reserve ratio (CRR) on July 29, 2008.

. The following factors are likely to influence the outcome of the central bank's review meeting: the double-digit inflation rate at present; the doubts over the kharif output owing to a weak south-west monsoon this year; the higher than targeted growth in both money supply and credit offtake; and the worsening trade deficit of the nation. All these factors are expected to prompt monetary actions aimed at controlling the aggregate demand.

. On a positive note, banking sector reforms are expected to gain momentum after the recent political churning that resulted in the ouster of the Left parties from the ruling coalition. The government is expected to take a relook at reforms such as privatisation of pensions, abolition of the cap (10%) on the voting rights of banks and increased foreign direct investment (FDI) limit in the insurance sector.

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