Based on the market feedback, it has been jointly decided by NSE & BSE that the revision of market open timing to 9 a.m. shall be effective from January 4, 2010.
Thursday, December 31, 2009
सेन्सेक्स (17464.81) 120.99 अंक चढ्कर, नीफ़्टी (5201.05) 31.60 अंक चढ्कर, बंद..
SURAJ Dimonds - ICSA India & BAG Films all upby 3 to 5 %
ABAN & COX&KING both trading as per our levels given
Today is last trading session of 2009 - Last day of FO
Cox & Kings acquires Australian travel firm MyPlanet Australia Pty Ltd and Bentors International Pty Ltd. (ET)
TCS to step up hiring as info-tech spending takes off. (BL)
DLF is taking up a major restructuring exercise that can see the company splitting into five verticals. (FE)
FIIs were net buyers in the cash segment on Wednesday at Rs1.13bn on a provisional basis. The local funds were net buyers of Rs691.1mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.78bn. As per the SEBI figures, FIIs were net buyers of Rs3.85bn in the cash segment on Tuesday.
Pre Market Commentary ..
The time has come for a spectacular year to draw to a close. Timing the start of the market has been the latest debate and time in the market is going to get longer after today. We hope 2010 brings in even better gains though that may seem asking for too much. World equities have had a phenomenal rally in 2009. Much will depend on how the economic recovery progresses.
Among the events to watch out for will be the Fed’s policy actions and its fallout on the dollar and other markets. RBI moves should come as no surprise whenever it happens.Though the Nifty has made a new high for 2009, the market has been pretty much in a holiday mood. We expect a dull start amid subdued global markets. Volatility will prevail due to the F&O expiry. The Nifty is likely to face resistance at 5180-5200. A decisive close above 5200 could see the Nifty shooting to 5300-5650. Support is placed at 5100 and below that at 5000. Take all the rest you can during this long weekend.
Wednesday, December 30, 2009
JET AIRWAYS
Hold our past calls.. ABAN - BHUSHANSTL - RIL -SINTEX
Jindal Power Ltd, a part of Jindal Steel and Power Ltd, plans to raise Rs72bn from its IPO. (BS)
India and Japan agreed to wrap up talks on the proposed Comprehensive Economic Partnership Agreement by next year and simplify their visa regulations.
Bharti Airtel is focusing more on the rural sector by offering various tailor made packages, as the segment contributed 50% of its new business. (BL)
Pre Market Commentary ..
Today,we expect a flat to cautious start and yet another low volume day. Non-index counters may continue to hog the limelight but don’t get carried away by the momentum in these shares. The Nifty will find it tough to crack 5200. Support is likely to kick in at around 5100. In case of a fresh bout of buying in the near term, the Nifty could reach 5350. It hit an intra-day high of 5225 yesterday.
The year 2009 may be reaching its end but the market melody, which has been music to the bulls’ ears, doesn’t seem to be stopping. Most global equity benchmarks have in recent days either crossed or are on the verge of surpassing the annual peaks. For India, the Nifty has already made a new high for 2009, while the Sensex is within striking distance of doing so. The BSE benchmark may just achieve the goal with two trading sessions still to go, and momentum being positive. However, global cues are pretty tepid. Tomorrow we will have the last F&O expiry of 2009. So, some more volatility is a given.
FIIs were net sellers in the cash segment on Tuesday at Rs537.3mn on a provisional basis. The local funds were net buyers of just Rs31.9mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs6.95bn. As per the SEBI figures, FIIs were net buyers of Rs8.11bn in the cash segment on Dec. 24. Mutual Funds were also net buyers at Rs1.44bn on the same day.
Tuesday, December 29, 2009
सेन्सेक्स (17401.56) 40.95 अंक चढ्कर, नीफ़्टी (5187.95) 9.55 अंक चढ्कर, बंद..
Buy & hold Sintex Inds betwen Rs262-263 with SL of Rs258 for target of Rs273, 277
hold for 15 days
mint money..sure shot..
Ranbaxy to transfer stake in Ranbaxy (Guangzhou China) Limited to HNG Chembio Pharmacy Co
Cipla to pay Rs1500cr for drug overcharging - reports
European markets update: FTSE Index up 0.3%, CAC Index up 0.1% and DAX Index up 0.2%
Buy Bhushan Steel for revised target, looking goooooood on charts...........
Superb Performance of our Last Recommendation
buy and hold
Bhushan Steel
Superb Performance of our Last Recommendation
Buy ZANDUPHARM at 6220-6350 for target of 7000 SL 5000
Bhushan Steel, RIL,RCOM
DLF& SUZLON TGT achived
Bhushan Steel trading above traget -HOT call bang on target in 3trading sessions
Our Bhushan Steel above TARGET
achieved as written on 24/12/2009
Value Pick ...Must Buy as per charts...
Our Bhushan Steel at 1440 TARGET achieved as written on 24/12/2009
STOCK OF THE DAY!!
Our Bhushan Steel at 1440 TARGET
achieved as written on 24/12/2009
BoI to offer home loans at 8%. (ET)
Fortis Hospitals plans to invest Rs2.5bn to expand its facilities pan-India. (FE)
Idea secures Rs95bn credit line for 3G push. (ET)
Reliance Power has started power generation at its 1,200MW Rosa Power Project in Shahjahanpur district of Uttar Pradesh. (BS)
Reliance Industries has updated its non-binding proposal to acquire LyondellBasell, as per media reports; RIL’s new offer has a higher cash component
FIIs were net buyers in the cash segment on Thursday at Rs7.07bn on a provisional basis. The local funds were net sellers of Rs1.1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs8.99bn. FIIs were net buyers of Rs13.53bn in the cash segment on Thursday. Mutual Funds were net sellers of Rs1.01bn on the same day.
Market Commentary ...
Today,after a really long weekend, the market could be headed for a new high before bidding farewell to the year 2009. However, with only three trading sessions and F&O expiry one will have to brace for a volatile week. Trading might be thin, both here as well as overseas, as many players would have opted for an extended year-end holiday. As for today, we see a modestly higher opening for the key indices and sideways movement.
We would urge some caution at this juncture, as the market has already had a spectacular rally this year.The headroom for further advance is limited. One will have to be extremely choosy and careful. Factors like rising inflation, an impending hike in interest rates and high fiscal deficit could weigh on the sentiment.
There are also worries as to how different nations go about withdrawing the emergency stimulus measures, and how it may affect the economic recovery. On the corporate front, future earnings growth will have to reflect pick-up in demand rather than just cost cutting.
Friday, December 25, 2009
Year End Thermometer of Mutual Funds
Key observations
± On a fortnightly basis, NAVs of most equity diversified funds ended in the red with advance:decline ratio at 19:170. Category average was down by 1.2%. However, mid-caps continued to be in the top quartile. Top three gainers this fortnight were Taurus Ethical (+3.7%), Canara Robeco Emerging Equities (+1.8%) and Reliance Equity Opportunities (1.8%). Large-cap funds continued to underperform the category and the benchmark indices.
± Among the sectoral funds, Information Technology and Pharma oriented funds led the charts on a fortnightly basis. Top three gainers were ICICI Pru Technology (+2.7%), Birla SL New Millennium (+2.6%) and UTI Pharma & Healthcare (+2.0%). On an average, pharma funds’ NAV delivered a return of 1.8%, whereas Banking and Finance oriented funds’ NAVs ended down. Top three losers belonged to this sector, namely UTI Banking Sector (-4.6%), Religare Banking-Reg (-4.9%) and JM Fin Services Sector (-5%).
± Tax- saving funds also exhibited poor performance as their NAVs ended lower. The category average was down by 1.4% this fortnight. Funds with large corpuses were able to contain the downfall, namely ICICI Pru Tax Plan (-0.2%), HDFC TaxSaver (-0.3%) and Reliance Tax Saver (-0.6%). However, funds with smaller corpuses saw a drastic fall in their NAVs, viz. LIC MF Tax Plan, Edelweiss ELSS and JM Tax Gain. Their NAV was down by ~2.4% on a fortnightly basis.
± Among the balanced fund category, most of the fund NAVs declined on a fortnightly basis. However, capital oriented funds with lower equity exposure fell compared to others. Birla Sun Life Capital Protection Oriented -3Yrs, HDFC Balanced and DWS Capital Protection Oriented were the only three funds to deliver a positive return of 0.1%. The benchmark Crisil Balanced Fund Index was down by 1.6% on a fortnightly basis.
± Gold continued to under-perform this fortnight. Gold ETF NAVs were down by ~4.1%. Banking ETFs, especially Public Sector Undertaking, underperformed on the ETF charts on fears of an impending monetary tightening. Junior Bees, though down by 1%, topped the ETF chart on a fortnightly basis.
Thursday, December 24, 2009
सेन्सेक्स (17360.61) 129.50 अंक चढ्कर, नीफ़्टी (5178.40) 33.80 अंक चढ्कर, बंद..
Nifty closes at 2009 high
Nifty to close at new 2009 high of 5,178.40. It was just shy of the 5,200 mark and touched an intraday high of 5,197.90. The benchmark indices continued their upmove for the second consecutive day and closed higher for the day as well as for this week.
Our Morning call Bhushan Steel at 1426 CLOSE TO TARGET
The stock had been consolidating in a narrow range between Rs1,378-1,310 since last two weeks alongwith the support of 50-DMA. On Wednesday, the stock attempted to break out from the upper-end of this trading range with higher-than-average volumes. From the current level, the stock can only move towards one direction, i.e. upwards. The daily RSI has also given a positive divergence, indicating that price would start moving up after facing stiff resistance around the levels of Rs1,375-1,378 zone. We recommend buy on the stock from the above mentioned technical observations. Maintain a stop loss of Rs1,340 and go long for a target of Rs1,450 in the coming trading sessions.
Our yesterday buy SUZLON, RCOM & DLF
RIL : no jai no viru....
Above 1064,Don't remain short.
Stock will zoom to kiss 1094-1100 plus
looking strong on charts
Today catch it above
1077 for super gains.
BoI to launch 8% home loan plan on January 01, 2010. (BS)
GTL Infra has agreed to buy Aircel Towers for Rs40bn. (ET)
ICICI Bank may sell 3i Infotech stake to US PE firm. (BS)
ONGC issues Rs20bn bonds to refinance debt it took to acquire Imperial Energy. (ET)
FIIs were net buyers in the cash segment on Wednesday at Rs7.7bn on a provisional basis. The local funds were net sellers of Rs130.2mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs17.7bn. FIIs were net buyers of Rs2.25bn in the cash segment on Tuesday. Mutual Funds were net sellers of Rs1.74bn on the same day.
Pre Market Commentary ...
Today we expect a higher opening. Asian markets are mostly up. US market got a boost from technology space, though the blue chips closed flat. European shares hit 14-month high. With several holidays on the horizon, the market could yet again turn choppy and clueless.While the bulls are eating Christmas cakes, the bears seem to be eating humble pie as the Nifty ended well above 5100 and is now eyeing a new high for 2009. Wednesday’s sudden surge would have taken many by surprise. We reiterate that further short covering is not ruled out ahead of the F&O expiry. Also, some long build-up may take place amid signs that the economy and India Inc. may do better.
But clearly, any rise will not be sustainable in the absence of incremental good news – local as well as global. Rich valuations and concerns on an impending reversal in stimulus steps are among the major headwinds. One should not get carried away by any sharp swings in the near term as the market remains in a consolidation phase.
Wednesday, December 23, 2009
सेन्सेक्स (17231.11) 539.11अंक चढ्कर, नीफ़्टी (5144.60) 158.75 अंक चढ्कर, बंद..
FM says: 10% growth in 2-3 years within our reach
The GDP growth for the next two quarters was
“likely to be bright”,
Mukherjee said.
*PM POwer Grid plan to take up FPO plan early FY11
Intraday Call |: Buy DLF for traget and SL get paid
Hold DISHTV at 41.90 now trading STRONG next target 44
Fantastic performance of our last recommendation
Aban Offshore has repaid bonds worth Rs8bn along with accrued interest. (ET)
Sector Watch : Pharma, Banking PSU & Steel
Reliance Power is likely to invest over Rs 60bn over the next four to five years to produce 6.6bn tons of coal per annum. (FE)
Reliance Industries announced its third successive gas discovery in a deepwater exploration block in the Krishna-Godavari basin, which the company ha
Adani Power
Shares of Adani Power ended lower by 0.5% to end at Rs97. The company announced that Adani Power Rajasthan Ltd a 100% subsidiary of the company has been awarded Letter of Intent by Rajasthan Rajya Vidhyut Utpadan Nigam Ltd for purchase of upto 1,200 MW of power on long-term basis.
FIIs were net sellers in the cash segment on Tuesday at Rs1.1bn on a provisional basis. The local funds were net buyers of Rs5.1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs11.97bn. FIIs were net sellers of Rs2.58bn in the cash segment on Monday.
Pre Market Commentary ..
Today, we expect the market to open lower as global cues are pretty inconclusive. The Nifty will continue to trade in a range of 4900-5100. Some short covering is not ruled out in the run up to the F&O expiry. Support is expected to kick in at around 4900. Protecting the gains made so far in the year should be the aim instead of loading up more.If only we knew the unexpected, Christmas season would have brought some cheer. With only five trading sessions to go in 2009, don’t get too perturbed by the market movement.
Overall trend has been extremely lackluster and is unlikely to change dramatically anytime soon. Volume has also dipped as traders and investors alike take a pause after a stellar rally. In the New Year, the market will have plenty to consider like fund flows, quarterly earnings, impending rate hike, reversal of fiscal stimulus, budget and global developments. Stay on the sidelines till then.
Tuesday, December 22, 2009
Our morning call Buy SASKEN is going strong at 198 !!!!!! 1st trarget achiveb
Our morning call Buy DISKTV is going strong at 42.30 !!!!!!
TARGET ACHIVED
BOOK PROFIT
Our morning call Buy NTPC is going strong and target achieved at 211 !!!!!!
F&O Ideas ...
Buy DISH TV INDIA Dec Future at Rs41
for the target price of Rs44
and stop loss 39.90 [Lot size: 5,150.]
Remarks: Net maximum profit of Rs15,450
and net maximum loss Rs7,725.
Crude oil for January delivery fell 89 cents to settle at $72.47 a barrel.
Reliance Infrastructure is on track to commission over Rs100bn worth of infrastructure projects in the next seven months. (BS)
Fortis Healthcare, post-acquisition of 10 hospitals from the Wockhardt group, will spend around Rs2.5bn to complete the ongoing hospitals in Mumbai,
TVS Motor plans to launch diesel auto-rickshaws as part of its strategy to grow in the domestic market. (ET)
FIIs were net sellers in the cash segment on Monday at Rs2.92bn on a provisional basis. The local funds were net buyers of Rs3.54bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs517.2mn. FIIs were net buyers of Rs834mn in the cash segment on Friday.
Pre Market Intraday Idea ..
Buy NTPC at Rs204 stop loss Rs194
target Rs211 & 217
Pre Market Commentary ..
Today,we must thank to firm global cues, we expect a higher opening and another choppy day. Can’t call it Christmas shopping, though! On the whole, the current lackluster trend is expected to continue. The Nifty will find some support and could surpass the 5000 mark again. The near-term trading range may be between 4900-5100. The right thing appears to be really on a long holiday. The key indices have gone nowhere in the past 3-4 weeks and the trend has been extremely dull.
Traded volume too has tapered off and is likely to remain low in the face of the upcoming holidays.Volatility will prevail given the murky outlook and F&O expiry next week. Stock centric action will continue based on the news flow. Short term traders are likely to take profit at every rise. A major break down is ruled out for now but avoid risky bets. Don’t read too much into what goes in the market these days as bulls and bears both seem to be lacking conviction.
Monday, December 21, 2009
RELIANCE : first target achived at 1033 hold for next target of 1077
Axis bank's overseas bond issue put on hold, to wait for spreads to narrow. (BS)
NTPC proposes power project in Ghana in exchange for LNG. (Mint)
FIIs were net sellers in the cash segment on Friday at Rs2.07bn on a provisional basis. The local funds were net buyers of Rs3.31bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs6.22bn. FIIs were net buyers of Rs4.89bn in the cash segment on Thursday. Mutual Funds were net sellers of Rs272mn on the same day.
Pri Market Commentary ...
Today, the outlook is a flat to tad higher opening. Asian markets are mixed. US market got a boost from technology on Friday. Banks pulled down Europe. Christmas is upon us, and the countdown to 2010 has begun. After a stellar year for equities (following a disastrous 2008), some fatigue has set in. So, a wait-and-watch mode is the order for now. The market will continue to consolidate in the remaining sessions, and perhaps even beyond that. Since there will be two extended weekends, volume could dip and volatility might rise. Overall, the market will be insipid.
The near-term trigger will be how the policymakers execute their ‘exit’ strategies. In India, the fear is for an early reversal in loose money policy given the spike in inflation. Earnings will be watched as well, though the focus is now on FY11. Budget will also have a bearing on sentiment.Dollar’s movement and Fed’s action will be crucial for world markets. Liquidity is not an issue for India, but it is time to be selective.
Friday, December 18, 2009
सेन्सेक्स (16719.83) -174.42 अंक गिरकर, नीफ़्टी (4987.70) -54.05 अंक गिरकर, बंद..
Pre Market Commentary ..
Pre Market Intraday Call !!
Buy Polaris
Buy Cromton Greaves
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