NEWSLETTER

Link for Circular:- http://www.nseindia.com/content/circulars/faop12296.htm

The NSE on Tuesday announced the exclusion of 50 stocks from the F&O segment. Among the counters include 3i Infotech, Ballarpur Industries, Bata India, Edelweiss, Gateway Distriparks, Gitanjali Gems, Hindustan Oil Exploration, Jet Airways, MindTree, MRF, NIIT, NDTV, S. Kumar’s Nationwide, TVS Motor, UTV Software and Wockhardt.

The NSE also announced fresh eligibility criteria for inclusion in F&O segment. The conditions are that the stock would be chosen from among the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis; the stock’s median quarter sigma order size (the average of the median buying and selling price) over the last six months should be not less than Rs 5 lakh; the market wide position limit (MWPL) in the stock should not be less than Rs 100 crore.

For an existing F&O stock, the continued eligibility criteria is that market wide position limit in the stock should not be less than Rs 60 crore and stock’s median quarter-sigma order size over the last six months should be not less than Rs 2 lakh.

(Azad)

NALCO : (228.95)

Buy Above 228 target 1-236, target 2-241, stop loss 225

IND HOTEL : (50.50)

Buy Above 51 target 1-53, target 2-56, stop loss 48

IFCI : (24.75)

Buy Above 24.50 target 1-26, target 2-29, stop loss 23

ABAN : (468.25)

Buy Above 472 target 1-480, target 2-490, stop loss 460
Sell Below 460 target 1-450, target 2-413, stop loss 472

AXIS BANK : (493.95)

Buy Above 493 target 1-504, target 2-514, target 3-530, stop loss 480
Sell Below 480 target 1-467, target 2-450, stop loss 493

BAJAJ AUTO : (632.30)

Buy Above 644 target 1-672, target 2-680, stop loss 625
Sell Below 625 target 1-604, target 2-590, stop loss 644

HERO HONDA : (1100.95)

Buy Above 1110 target 1-1122, target 2-1150, target 3-1200, stop loss 1087
Sell Below 1087 target 1-1074, target 2-1020, stop loss 1110

REL CAPITAL : (507)

Buy Above 510 target 1-522, target 2-537, target 3-582, stop loss 500
Sell Below 500 target 1-487, target 2-480, stop loss 510

SBI : (1253.80)

Buy Above 1260 target 1-1280, target 2-1305, stop loss 1248
Sell Below 1248 target 1-1234, target 2-1217, stop loss 1260

GLENMARK : (207.10)

Buy Above 205 target 1-215, target 2-223, stop loss 200
Sell Below 200 target 1-194, target 2-179, stop loss 205
Sensex : (10898.11) Today Sensex face resistance at 11058, if cross 11058 then goes up to 11218 and 11377. Sensex find support at 10750, if 10750 break then fall up to 10603 and 10443.

Nifty : (3365.30) Today Nifty face resistance at 3418, if cross 3418 then goes up to 3471 and 3524. Nifty support at 3310 if 3310 break then fall up to 3255 and 3234.

Nifty April Futures (As on 21st April 2009) closed at 3365.85 (Rs0.55 Premium) with a turnover of Rs 16530.99 crores, sheds 2135200 shares (-5.63%) in open interest bringing down the open interest to 35813850 shares.

(Inder Bhatia)

The Indian market opened gap-down on weak global market and saw smart recovery in trading session but saw selling pressure at higher levels. For coming session if nifty trade below 3303 one can go short on nifty and trading above 3420 zones one can go long on nifty. On upside 3420-3470 zones will act as resistances .
(*M J Akhtar*)

Long Side

1. Buy NIFTY Spot @ 3390 SL=3371 Targets=3399, 3430, 3440, 3455, 3467, 3480,
   
2. Buy RELIANCE Spot @ 1722 SL=1713 Targets=1727, 1741, 1745, 1752, 1758, 1764,
   
3. Buy SBI Spot @ 1275 SL=1267 Targets=1279, 1291, 1295, 1302, 1307, 1312,
   
4. Buy EDUCOMP Spot @ 2437 SL=2410 Targets=2453, 2503, 2519, 2544, 2565, 2585,
   
5. Buy ONGC Spot @ 877 SL=869 Targets=881, 894, 898, 905, 911, 916,
   
6. Buy ICICIBANK Spot @ 410 SL=406 Targets=413, 420, 422, 426, 429, 432,
   
7. Buy RELINFRA Spot @ 683 SL=678 Targets=685, 694, 696, 700, 703, 706,
   
8. Buy RELCAPITAL Spot @ 516 SL=512 Targets=519, 527, 529, 533, 537, 540,
   
9. Buy DLF Spot @ 237 SL=233 Targets=239, 247, 250, 254, 257, 260,
   
10. Buy ABAN Spot @ 476 SL=473 Targets=478, 484, 485, 488, 490, 492,
    
11. Buy BHEL Spot @ 1655 SL=1645 Targets=1661, 1677, 1683, 1691, 1698, 1705,
    
12. Buy INFOSYSTCH Spot @ 1382 SL=1375 Targets=1385, 1395, 1398, 1403, 1407, 1411,
    
13. Buy NTPC Spot @ 189 SL=188 Targets=190, 192, 193, 194, 195, 196,
    
14. Buy BHARTIARTL Spot @ 721 SL=711 Targets=727, 747, 753, 763, 771, 778,
    
15. Buy ITC Spot @ 189 SL=187 Targets=190, 193, 194, 195, 196, 197,
    
16. Buy LT Spot @ 871 SL=865 Targets=873, 882, 885, 890, 893, 897,
    
17. Buy ABB Spot @ 540 SL=536 Targets=542, 548, 550, 553, 556, 559,
    

Short Side

1. Sell NIFTY Spot @ 3362 SL=3378 Targets=3350, 3334, 3325, 3294, 3284, 3269, 3257, 3244,
   
2. Sell RELIANCE Spot @ 1709 SL=1717 Targets=1703, 1696, 1692, 1678, 1673, 1666, 1660, 1654,
   
3. Sell SBI Spot @ 1263 SL=1269 Targets=1258, 1251, 1247, 1234, 1230, 1224, 1218, 1213,
   
4. Sell EDUCOMP Spot @ 2392 SL=2414 Targets=2371, 2346, 2330, 2280, 2264, 2239, 2219, 2198,
   
5. Sell ONGC Spot @ 864 SL=871 Targets=859, 852, 848, 834, 830, 824, 818, 813,
   
6. Sell ICICIBANK Spot @ 404 SL=407 Targets=401, 397, 395, 388, 385, 382, 379, 376,
   
7. Sell RELINFRA Spot @ 676 SL=680 Targets=673, 668, 666, 658, 656, 651, 648, 645,
   
8. Sell RELCAPITAL Spot @ 509 SL=513 Targets=506, 502, 499, 491, 488, 484, 481, 478,
   
9. Sell DLF Spot @ 230 SL=233 Targets=226, 222, 220, 212, 210, 206, 202, 199,
   
10. Sell ABAN Spot @ 472 SL=474 Targets=469, 467, 465, 460, 458, 455, 453, 451,
    
11. Sell BHEL Spot @ 1640 SL=1648 Targets=1633, 1625, 1620, 1603, 1598, 1589, 1582, 1576,
    
12. Sell INFOSYSTCH Spot @ 1372 SL=1378 Targets=1368, 1363, 1360, 1350, 1347, 1342, 1338, 1333,
    
13. Sell NTPC Spot @ 187 SL=188 Targets=186, 185, 184, 182, 182, 180, 180, 179,
    
14. Sell BHARTIARTL Spot @ 704 SL=712 Targets=696, 686, 680, 660, 654, 644, 637, 629,
    
15. Sell ITC Spot @ 186 SL=188 Targets=185, 184, 183, 180, 179, 178, 177, 176,
    
16. Sell LT Spot @ 863 SL=867 Targets=859, 854, 852, 843, 840, 835, 832, 828,
    
17. Sell ABB Spot @ 534 SL=537 Targets=531, 528, 526, 520, 518, 515, 512, 510,
    

Yesterday VIX was 53.64; so NO Positional Trades.
(Ilango)

Series of lower tops indicating profit booking/ selling at higher levels.
Lows in the range of 3300 - 3350 has been holding well so far in the last many days.
If this is a 4th wave, then a reversal from 3314 will make new highs..
Incase of a fall, 10 DMA at 3325-3350 might offer support.
A Fall below 3314 may lead to 3285-3250.
If Nifty holds 3312 and moves past 3414/3441 levels, it may get higher.

Exclusion of futures and options contracts in 50 securities

Members are advised to note that based on the stock selection/exclusion criteria as prescribed by SEBI vide circular SEBI/DNPD/CIR-31/2006/ dated September 22, 2006 and NSE circular No NSE/F&O/029/2009 dated April 21, 2009 contracts for new expiry months in the following securities will not be available for trading on expiry of existing contract months.

Sr No	Symbol	Security
1	3IINFOTECH	3i Infotech Limited
2	ALOKTEXT	Alok Industries Limited
3	AMTEKAUTO	Amtek Auto Ltd
4	APTECHT	Aptech Limited
5	ARVIND	Arvind Limited
6	BALAJITELE	Balaji Telefilms Ltd.
7	BALLARPUR	Ballarpur Industries Limited
8	BATAINDIA	Bata India Ltd
9	BIRLACORPN	Birla Corporation Ltd
10	BOMDYEING	Bombay Dyeing & Mfg Co. Ltd
11	CENTRALBK	Central Bank of India
12	DCB	Development Credit Bank Limited
13	EDELWEISS	Edelweiss Capital Limited
14	ESCORTS	Escorts Ltd
15	EVERONN	Everonn Systems India Limited
16	GDL	Gateway Distriparks Limited
17	GITANJALI	Gitanjali Gems Limited
18	GNFC	Gujarat Narmada Valley Fertilizer Co. Ltd.
19	GUJALKALI	Gujarat Alkalies and Chemicals Ltd.
20	HAVELLS	Havells India Limited
21	HCL-INSYS	HCL Infosystems Ltd
22	HINDOILEXP	Hindustan Oil Exploration Co. Ltd
23	IRB	IRB Infrastructure Developers Limited
24	JETAIRWAYS	Jet Airways (India) Ltd.
25	JSL	JSL Limited
26	KESORAMIND	Kesoram Industries Ltd.
27	KSK	KSK Energy Ventures Limited
28	KTKBANK	The Karnataka Bank Limited
29	LAXMIMACH	Lakshmi Machine Works Ltd.
30	MAHLIFE	Mahindra Lifespace Developers Limited
31	MAHSEAMLES	Maharashtra Seamless Ltd
32	MINDTREE	MindTree Limited
33	MONNETISPA	Monnet Ispat Ltd
34	MRF	MRF Ltd.
35	NBVENTURES	Nava Bharat Ventures Limited
36	NDTV	New Delhi Television Limited
37	NETWORK18	Network 18 Fincap Limited
38	NIITLTD	NIIT Limited
39	PENINLAND	Peninsula Land Limited
40	RAJESHEXPO	Rajesh Exports Ltd.
41	RIIL	Reliance Industrial Infrastructure Limited
42	SKUMARSYNF	S. Kumars Nationwide Ltd
43	SREINTFIN	SREI Infrastructure Finance Limited
44	SRF	SRF Ltd.
45	STAR	Strides Arcolab Limited
46	THERMAX	Thermax Ltd
47	TORNTPOWER	Torrent Power Limited
48	TVSMOTOR	TVS Motor Company Limited
49	UTVSOF	UTV Software Communications Limited
50	WOCKPHARMA	Wockhardt Limited