Outlook for this week 17-NOV-08 to 21-NOV-08

Have a nice trading day...

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Before market open have a glance

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Watch : SenSex, Nifty, Nifty Future & Dow for this Week :

SenSex

Close..............: 9385

Support............: 9000, 8650, 8000 { High Risk if trade below 8K }

Resistance.........: 10250

Next Resistance....: 10850


Nifty

Close...............: 2810

Support.............: 2750, 2500

Resistance..........: 3050

Next Resistance.....: 3150

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DOW Jones

Watch critical point 8000............

Break above 9500 Stable, Good for Indian market..........

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Nifty Future Hourly Chart

CMP : 2827

Buy Above 2880 : Target 2980, 3125

Sell Below 2770: Target 2630, 2500


SBIN Future

CMP : 1180
Buy Above : 1195
Target 1225, 1285
Sell Below : 1150
Target 1120, 1060


RELIENCE Future

CMP : 1149.50
Buy Above : 1180
Target 1255, 1300
Sell Below : 1120
Target 1085, 1017

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Watch : +Ve Stocks for this Week

HDIL : CMP 117.45
Buy Above :121 Target 130, 143
Sell Below:113 Target 104, 93

CESC: CMP 226.80
Buy Above :231 Target 240, 260
Sell Below:213 Target 206, 188

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Long Term, U can use for SIP plan
L & T, SBI, RIL, HDFC, MARUTI

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Watch : +Ve/-ve Sectors for this Week

Bank - Watch (if mrkt +ve then we can maket good money)
FMCG - Strong (eg., HCL, ITC...) " "
Healt Care - Strong
IT - Side wave moving.... @ any time move any side (Watch OBMMA)
Metal - Only Long Term
Auto (Week)

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News 2 be Watch for this week

FII's & Domestic Activities...
SEBI & RBI move...
Petrol & Diesel (Govt Plan to Price Cut)
Global Factor
Crude Oil
Inflation
Rs. Vs $
GDP

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FI's Activities 10-Nov-08 to 14-Nov-08

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

14 Nov 2008 1045.00 1660.00 -615.10 -152.50
12 Nov 2008 1347.40 1613.90 -266.50 -66.10
11 Nov 2008 1651.70 1516.10 135.50 33.60
10 Nov 2008 1282.40 1222.00 60.30 15.00

NOTE: The above report is compiled on the basis of reports
submitted to SEBI by custodians and constitutes trades conducted by
FIIs on and upto the previous trading day.

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Corporate Actions (Dividends, Results)

SYMBOL.....Ex-Date....Purpose
------------------------------------------------
KESORAMIND.17-Nov-08...INT DIV-RS.2.25 PER SHARE
BALLARPUR..20-Nov-08...AGM/DIVIDEND - 35%

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India’s Inflation 8.98% Thursday'13

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17 Nov, 2008

- By Vivek Patil, India's foremost expert in Elliot Wave Analysis

Top Stories of the Week

• Sensex corrects 50% of previous rally.
• China announces stimulus plan to boost the economy.
• Export plunge to 5-year lows during October.
• Excise Duty collections dip 8.7% in the month of October.
• SEBI to make withdrawals from FMP schemes tougher.
• IIP numbers improve in September, from 13-year lows in August.
• Crude oil sinks to 20-month low below $57.
• Govt to plug loophole to show forex losses.
• Inflation drops sharply lower to near 6-month low of 8.98%.
• RBI provides stimulus package to boost credit market.

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