Friday, January 23, 2009
सेन्सेक्स (8674.35) -139.49 अंक गिरकर, नीफ़्टी (2678.55) -35.25 अंक गिरकर, बंद..
FTSE Index falls below 4000 mark for the first time since December 2
Buy and Hold Nifty jan Fut at Rs 2660-2665 SL 2614 Target of Rs 2695,2714,2735.Hold for next week.
European markets are trading mixed with CAC Index up 0.1% and FTSE Index down 0.4%
High risk traders short Infosys Jan Fut at Rs1203 with SL of Rs1225 for target price of Rs1165
Buy Rel Infra Jan Fut at 501.90 SL 484.90 hold for target 524.90, 534 and 560 plus
Delivery Call : Buy and Hold GTL Infra below 29.90 SL 24.90 hold for target of 37.90 and plus
High risk traders Sell LIC Housing Finance between Rs212-209 with SL of Rs220 for target of Rs200, 196
High risk traders Sell BHEL Jan Fut at Rs1324 with SL of Rs1346 for target price of Rs1280
Long Nifty Feb 2600 Put @ Rs129 with SL of Rs100 for target of Rs165.
BPCL
BPCL announced that it plans to invest Rs22bn on setting up a biodiesel project in northern India.The company will cultivate jatropha on 1mn acres of wasteland and plans to produce 1mn tons of biodiesel by 2015. BPCL closed at Rs337 losing 2.5%. The scrip touched an intra-day high of Rs342 and a low of Rs331 and recorded volumes of over 62,000 shares on BSE.
Reliance Industries
Shares of Reliance Industries slipped 1% to Rs2037. The company announced that it would start producing natural gas from its deepwater block, in the Krishna Godavari basin (KG basin) from the first quarter of next year.
Positive & Nagative Breakouts
Colgate-Palmoliv
Satyam Computer
Hero Honda
HPCL
NTPC
Negative Breakouts
Bank of Baroda
Crompton Greaves
TCS
JP Asso
Shree Renuka Sug
Pri Market Commentary ...
Auto and Realty stocks may hog the limelight amid news of fresh relief measures being considered by the Government. Airlines may also gain on news that a cabinet panel may take up the proposal to allow foreign carriers to pick up stake in Indian airlines. Overall, the key indices are likely to open flat, may rebound a bit in intra-day trading but are unlikely to sustain any bounce.
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Sell Tata Power
Nifty (2714) Sup 2650 Res 2750
Key Results Today:
Thursday, January 22, 2009
सेन्सेक्स (8813.84) 34.67 अंक चढ्कर, नीफ़्टी (2713.80) 7.65) -90.45 अंक चढ्कर, बंद..
Short Nifty 2900 Feb CALL at Rs74 or more. Unwind positions when premium falls or cover by going long in Nifty Feb Futs on it breaching 2900 levels in
European markets update: FTSE Index up 1.6%, DAX Index up 1.7% and CAC Index up 2%
Bharat Forge Q3 Cons Net loss of Rs36.5cr and net sales at Rs959.9cr
Marico Q3 net profit at Rs50.9cr (up 11%) and sales at Rs623cr (up 23%), in line with our expectations
We reiterate short on Bank of India Jan Futs between Rs245-243 with SL of Rs251.5 for target of Rs233, 229
Bank of India Standalone net profit at Rs872cr (up 70%)
India inflation for the week ended January 10th was at 5.6%
Short ACC Jan Fut at Rs482 with SL of Rs489 for target price of Rs470
Short Neyveli Lignite Jan Futs between Rs79.5-78 with SL of Rs84 for target of Rs72, 71
L&T signs MoU with Canada?s AECL for ACR 1,000 reactors
Bharti Airtel net profit at Rs19.76bn as compared to Rs17.14bn in the previous quarter.
Short Tata Power Jan Futs between Rs711-707 with SL of Rs725 for target of Rs685, 675
Key Results Today:
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Nifty (2706) Sup 2665 Res 2789
Wednesday, January 21, 2009
सेन्सेक्स (8779.17) -321.38 अंक गिरकर, नीफ़्टी (2706.15) -90.45 अंक गिरकर, बंद..
High risk traders short OBC Jan Futs between Rs143.5-145 with SL of Rs149 for target of Rs136, 133
European markets update: FTSE Index down 0.7%% and DAX Index down 0.8%
Our Mornig call Sell Maruti Jan Fut is going strong SL revised at Rs 546
HDFC Q3 net profit at Rs547cr (down 16%)
Yes Bank Q3 net profit at Rs105cr (up 94%)
Short Maruti Jan Fut at Rs546 with SL of Rs553 for target price of Rs533
High risk traders short NTPC JAN Futs at Rs180 with SL of Rs186 for target of Rs170
Educomp
Shares of Educomp nose-dived by over 6% to Rs1969 after reports surfaced that the company may have fabricated its accounts overstating its turnover and profits to boost its shares and the promoters exited when stock prices reached its peak.
According to reports, the promoters made over Rs2.5bn in the open market in trading in their own shares. The promoters held 10.8mn shares as on March 31, 2006.
The holding came down to 9.5mn shares on June 30, 2008, showing that the promoters sold more than 1.3mn shares of their company during the period between March 31, 2006 and June 30, 2008.
However, later on the Managing Director, Shantanu Prakash came out and clarified saying that rumors about directors quitting the company and promoters pledging stake, were baseless.
The promoters of the company have not pledged any share and that just 5% of their stake has been sold over three years for personal needs, added Prakash.
The stock had hit 52-week high of Rs4,799 on January 21, 2008 and a 52-week low of Rs1,515 on October 27, 2008.
Power Stocks in POWER!
Power stocks were in momentum after CERC hiked return on equity for power units from 15.5% to 14%, which would be applicable from 2009 to 2014.
NTPC, Power Grid, PTC and Neyveli Lignite
were among the major gainers.
Pri Market Commentary ..
The audacity of hope as shown by Obama has resulted in history being made in the US, with the first African-American taking charge as its new president. The US and the world had pinned lot of hopes on him even before his momentous inauguration. Now that he has formally taken the reigns at the White House, the world is watching with bated breath what change he brings, and perhaps more importantly, how fast he does it?
But, leaving aside the rhetoric and the euphoria surrounding Obama, one should focus more on the immediate issues plaguing the global economy. That’s what Wall Street seemed to have done, with the key indices down 4-6%. Bank stocks led another fall in Europe as well. Asian markets too are down 1-2%.
TTML
TTML have gained by 2.2% to Rs22.5. The company announced its results with a net loss of Rs (450.664)mn for the quarter ended December 31, 2008 as compared to net loss of Rs (274.255)mn for the quarter ended December 31, 2007.
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Positive & Nagative Breakouts
Bajaj Auto
Gvk Power
Indian Oil
Hero Honda
Chambal Ferti
Negative Breakouts
India Cements
Maruti Suzuki
JSPL
Bajaj Hindusthan
Reliance Petro
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Key Results Today:
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Nifty (2797) Sup 2720 Res 2835
Tuesday, January 20, 2009
सेन्सेक्स (9100.550 -229.02 अंक गिरकर, नीफ़्टी (2796.600 -49.60 अंक गिरकर, बंद..
Nifty slips further led by fall in RIL, SBI and Bharti Airtel
LIC Housing Finance Q3 net profit at Rs134.3cr (up 24%)
Reliance Capital Q3 profit at Rs132cr (up 12%) and total income at Rs1573cr (up 36%)
Polaris software Q3 net profit at Rs371.7mn (up 94%)
HRT : Buy ICICI BANK jaN FUT . FOR LEVELS JOIN US !! GET ENTRY AND EXIT GET PAID !!!!!
Buy & hold BPCL between Rs392-395 with SL of Rs385 for target of Rs408, 413
HRT Sell Bank India Jan Futs between Rs248-247 with SL of Rs253 for target of Rs239, 236
Short ITC Jan Fut @ Rs168 with SL of Rs 175 for target of Rs 152
SELL Canara Bank Jan Futs between Rs199-198 with SL of Rs205 for target of Rs190, 186
ONGC
Shares of ONGC advanced by over 3% to Rs670 after reports stated that the company announced that it secured contract for oil exploration in Ganga basin area of Bihar. The scrip touched an intra-day high of Rs675 and a low of Rs642 and recorded volumes of over 2,00,000 shares on BSE.
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Jindal Steel
Shares of Jindal Steel marginally gained by a percent to Rs860 after reports stated that the company would invest US$150mn in four oil blocks in Georgia. The scrip touched an intra-day high of Rs878 and a low of Rs845 and recorded volumes of over 95,000 shares on BSE.
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Positive & Nagative Breakouts
Infosys Tech
Chambal Ferti
BPCL
Ambuja Cements
Sun Pharma
Negative Breakouts
TCS
Sterlite Ind
RNRL
Madras Cements
Reliance Petro
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Pre Market Ideas !!
Pre Market Intraday Ideas !!
Nifty (2846) Sup 2780 Res 2880
Key Results Today:
FIIs were net sellers in the cash segment on Monday at Rs3.63bn
Monday, January 19, 2009
सेन्सेक्स (9329.57) 5.98 अंक चढ्कर, नीफ़्टी (2846.20) 17.75 अंक चढ्कर, बंद..
Long McDowell Jan Futs at Rs725 with SL of Rs700 for target of Rs775
European markets update: FTSE Index up 2.5%, CAC Index up 2% and DAX Index up 1.4%
ITC Q3 net profit at Rs903cr (up 8.7%) and net sales at Rs3830cr (up 11%)
Ultractech Cement Q3 net profit at Rs238cr (down 15%), in line with our expectations
Ultractech Cement Q3 net sales at Rs1630cr (up 18%), above our expectations
Trail SL in short call of Divis Labs Jan Futs to 1118 now
We reiterate buy on Renuka Sugars for short-term delivery target of Rs80
HRT :Sell HDFC Jan FUTS between Rs1520-1510 with SL of Rs1550 for target of Rs1455, 1440
Sell BHEL Jan FUTS between Rs1388 with SL of Rs1410 for target of Rs1345, 1340
Sell Divis Labs Jan FUTS at Rs1118 with SL of Rs1145 for target of Rs1050
DLF: Our friday sell call and today's pri market call trading towards target, Get Such Calls Get Paid
Book profit partially in our BTST call of Tata Power
Gail
Shares of Gail India surged by over 3% to Rs207 after reports stated that the company may win the exclusive rights to transport natural gas produced at the D-6 block at the Krishna-Godavari basin fields of Reliance Industries Ltd. The scrip touched an intra-day high of Rs209 and a low of Rs202 and recorded volumes of over 5,00,000 shares on BSE.
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Satyam
Shares of Satyam rallied by over 20% to Rs24.5 after the government on Thursday evening announced that it has appointed three new members on the board of directors of Satyam Computer Services. The three new directors are Tarun Das, T N Manoharan and Suryakant Balakrishna Mainak.
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FIIs were net sellers in the cash segment on Friday at Rs5.85bn
FIIs were net sellers in the cash segment on Friday at Rs5.85bn (provisional) while the local institutions pumped in Rs4bn. In the F&O segment, the foreign funds were net buyers at Rs10.78bn. On Thursday, they were net buyers of Rs4.79bn while Mutual Funds were net sellers of Rs2.37bn.
Positive & Nagative Breakouts
HPCL
BPCL
Sun Pharma
NTPC
Chambal Ferti
Negative Breakouts
Jindal Saw
Reliance Infra
TCS
Cipla
Grasim Ind
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Key Results Today:
Allahabad Bank, Apollo Tyres, Aztecsoft, BASF India,Electrosteel Castings, Geometric, Great Offshore, ITC, KPIT Cummins, Mindtree, Mount Everest Mineral Water, MRO-TEK, Petronet LNG, Punjab Tractors, Religare Enterprises, Rolta, Shaw Wallace, Sterlite Technologies, Suven Lifesciences, Tata Teleservices (Maharashtra), Triveni Engineering, Ultratech Cement, UB Holdings and Wipro.
Nifty (2828) Sup 2788 Res 2898
Pri Market Commentary ...
Today, we expect the market to open higher on the back of positive trend in Asian markets. US stocks too ignored a slew of bad news and finished higher. Wall Street will be shut today, while Tuesday will see Barack Obama formally take charge as the new US president. A lot is riding on the new administration. Let’s hope Obama is able to match expectations not just for the US, but for the world as well. Remember, he has made it clear we cannot have a thriving Wall Street while Main Street suffers.
Despite a rally seen in the US markets and a strong pull back by bulls on Friday, the outlook continues to remain uncertain. With volumes drying up on the bourses and lack of follow up buying could drag the markets to negative terrain again. Traders are advised to book profits at every rallies.