11th AUGUST NIFTY VIEW

Short position may be taken below 5440 with stop loss of 5475. On lower side, it will find support at 5420 - 5400 and 5365.

We now have to contend with likely weakness INFOSYS once it breaks the trend line on the down side at 2800 - in view of all the wrong news coming from USA about Indian IT Cos. News will affect TCS and WIPRO also .Weakness in these three heavy weights is bound to have negative effect on Nifty Future.

Accordingly, I would not advise fresh long position and those having existing long positions must have a tight stop loss of 5440.

MY BTST CALL


BUY DABUR @ 203 SL 199 TARGET 210 - 215

this is my 1st equity call...BINDALAGRO (OSWCHEM)

BINDALAGRO (OSWCHEM)

BUY 17 - 17.7 SL 15.9 TARGET 20 - 25 - 35 - 40

Within 1 month equity players don't miss this stock .

100% sureshot buy 1000 - 10,000 , 1 lakh ,10 lakh .....

BUY HUL 260 PA @

BUY HUL 260 PA @ 4 - 4.5 SL 2 target 8 - 10 -15

THIS WEEK OUR INDIAN MARKETS :

NIFTY HURDLES : 5480 - 5500 - 5520 -5540 -5555

NIFTY SUPPORTS : 5444 - 5415 - 5400 - 5370 - 5350 (BELLOW EXIT ALL LONGS)

SENSEX SUPPORTS :18020 & 17860,

SENSEX HURDLES : 18300-18600,


THIS WEEK ACTIVE STOCKS LIST IN F&O : Bharat forge, Century, Educomp Solutions, GSPL, ITC, LIC Hsg Finance, Mphasis, Onmobile, Opto Circuits, Petronet LNG, Powergrid, Sun TV, Tulip IT

Chinese stocks weighed by slowdown, yuan worries

HONG KONG (MarketWatch) -- Chinese stocks pushed deeper into negative territory Tuesday afternoon, with investors' worries piqued by July trade data that raised questions over the vitality of domestic consumption and prospects of a faster appreciation of the yuan.

After a brief uptick, the benchmark Shanghai Composite was trading down 2.2% at 2613.3.

Ships collide in India

Teams from the Indian Navy and the Coast Guard attempt to contain an oil spill after a collision between two Panamanian cargo ships. Video courtesy of Reuters.

Banking stocks were among the leading declines, with Bank of Communications Co. /quotes/comstock/28c!e:601328 (CN:601328 6.30, -0.19, -2.93%) /quotes/comstock/11i!bkfcf (BKFCF 1.12, +0.09, +8.74%) giving up 2.5%, and Agricultural Bank of China Ltd. /quotes/comstock/28c!601288 (CN:601288 2.69, -0.04, -1.47%) losing 1.1% to 2.69 yuan (40 U.S. cents), a whisper above the 2.68 yuan price for its initial public offering last month. The energy sector was also under pressure, with shares of coal producer China Shenhua Energy Co. /quotes/comstock/28c!e:601088 (CN:601088 23.16, -0.82, -3.42%) /quotes/comstock/11i!cuaef (CUAEF 3.92, +0.09, +2.35%) trading down 2.9%.

"The market is probably worried about [domestic] growth slowing down, as showed by the import number," said Macquarie Securities' head of China economics Paul Cavey.

He said pressure on Beijing to allow the yuan to rise would likely increase in coming months. China's trade surplus grew more than expected last month, and many economists expect the U.S. trade deficit to widen.

Chinese customs data for July showed the monthly trade surplus at $28.7 billion, its highest level in 18 months, as exports rose 38.1% and imports gained 22.7%. See story on Chinese trade data.

"The problem is renewed pressure on the yuan and potential protectionist measures in the U.S. in the run-up to the [November] elections," Cavey said.