25 August 2010 Daily Recommendations

25 August 2010 Morning Market Updates  08:51
Daily Recommendations :
Note : Follow Buy Calls in Positive Market bias and v.v.
Hold Long Bhartiartl sl 320 T 328
Conditional Buy:
M&M Abv 632 sl 627 T 647
Rcom Abv 170 sl 166 T 175
Rpower Abv 156 sl 154 T 159
Suzlon Abv 51 sl 50 T 53.5
Abirlanuvo sl 830 T 880
RNRL Abv 39 sl 38 T 41
                           
Sell:
Nifty Fut Bel 5468(close) sl 5490 T 5415
DLF Bel 319 sl 322 T 313
Gail Bel 450 sl 454 T 443
Herohonda Bel 1884 sl 1895 T 1868
ITC Bel 158 sl 161 T 154
JPAssociat sl 119.5 T 116.5
Maruti sl 1242 T 1215
Andhrabank Bel 152 sl 154 T 147
BankIndia Bel 453 sl 460 T 444
Canbk Bel 501               
Cumminsind sl 702 T 693
GMRInfra sl 61 T 59
HDIL Bel 282 sl 286 T1 277
Ibrealest Bel 185 sl 190 T1 178
IOB Bel    129 sl 132 T1 127
Lichsgfin sl 1234 T1 1220
Yesbank sl 333 T 321
Jaicorpltd sl 282 T 268


 The Nifty futures’ open interest increased by 1.64%
while Minifty futures’ open interest decreased by
8.09% as market closed at 5505.10 levels.
 The Nifty Aug future closed at a premium of 5.25
points, against a discount of 6.60 points in the last
trading session. On the other hand, Sep future closed
at a premium of 13.05 points.
 The PCR-OI increased from 1.72 to 1.73 points.
 The Implied volatility of At-the-money options
increased from 15.00% to 15.50%.
 The total OI of the market is Rs1,97,762cr and the
stock futures OI is Rs52,882cr.
 Rollover for Nifty futures is 42.17% and for Minifty
futures is 46.14%
US Market Updates :
Dow Jones Industrial Average closed down 133.96 points, or 1.3%, at 10,040.45, with the index moving back into a triple-digit loss late in the session, its fourth straight down session.
The blue-chip average briefly fell as low as 9,991.18 earlier, its first dip below the 10,000 mark since the first week of July.
Of the Dow's 30 components, all but five closed in the red. The Nasdaq Composite Index declined 35.87 points, or 1.7%, to 2,123.76.