DERIVATIVE OUTLOOK

Markets at a Glance Indian indices are likely to open lower today, tracking weakness in the Asian markets, as disap-pointing China’s PMI data raised concern over domestic economic slowdown. Meanwhile Asian shares falters on Wednesday on fading hopes of stimulus action this week by the US Federal Reserve and the European Central Bank. The Chinese manufacturing PMI slipped to 50.1 in July from 50.2 in June, the weakest since November 2011, and reflects three consecutive months of decline. However, the Shanghai Composite index edged up ~1% following the comments from Premier Wen Jiabao's that China will step up policy fine-tuning in the second half to support economic growth. The SGX Nifty, Aug’12 contract last traded at 5,239, down by 10.00 points from previous session. Wall Street Update The US markets ended lower after trading in a tight range throughout the day as investors re-mained cautious ahead of the US Federal Reserve and the European Central Bank releasing monetary...

Derivative Strategy for August 8, 2012
Scrip	CMP	Recommendation	Target	Stop Loss
NIFTY	5,348	BUY	5,410	5,305
TATAMOTORS	239	BUY	246	236
AMBUJACEM	190	BUY	196	187
BHEL	233	BUY	240	230
COALINDIA	246	BUY	252	242

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DERIVATIVE OUTLOOK

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