Friday, February 27, 2009
सेन्सेक्स (8891.61) -63.25 अंक गिरकर, नीफ़्टी (2763.65) -22.00 अंक गिरकर, बंद..
Tata Steel Q3 Group net profit at Rs814cr
Buy RELIANCE at Rs 1262 SL 1249 Target of Rs 1272,1277. Intraday Only.
European markets update: FTSE Index down 1.9%, CAC Index down 2.2% and DAX Index down 1.6%
High risk traders short Tata Motors March Futs between Rs145-143 with SL of Rs148.5 for target of Rs134, 132
Trail SL in LT March Futs to cost now
Trail SL in Reliance Capital March Futs to Rs355 now and trade safe
High risk traders short Reliance Capital March Futs between 355-353 with SL of Rs363 for target of Rs342, 338
Indias construction grew 6.7% in quarter ended dec. 31
Short LT March Futs at 608-606 with a SL of Rs618 for a target of Rs590,585
High risk traders buy & hold Bombay Dyeing between Rs147-148 with SL of Rs142 for target of Rs155, 158
Buy and hold Reliance for long term delivery
Pri Market Commentary ...
The government will release Q3 GDP data today, and consensus forecast is that growth will slip below 7%. Among the other news to watch out for is Tata Steel’s consolidated results. Meanwhile, the Rupee has slipped to a low of 50.69 versus the US dollar.
RCom
Shares of RCom advanced by 3% to Rs158 after reports stated that the company would raise Rs130bn debt in the next three months to meet certain capex requirements and scheduled debt repayment obligations. The scrip touched an intra-day high of Rs159 and a low of Rs153 and recorded volumes of over 2.2mn shares on BSE.
GMR Infra
Shares of GMR Infra gained by 4.5% to Rs78 after the company yesterday announced that GMR Energy, a subsidiary of GMR infrastructure acquired 100% stake in Barasentosa Lestari PT, an Indonesian coal mining company for US$80mn. The scrip touched an intra-day high of Rs79 and a low of Rs75 and recorded volumes of over 0.9mn shares on BSE.
Nifty (2760) SUP 2700 RES 2804
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy ICICI BANK
Positive & Nagative Breakouts
Bhushan Steel
ONGC
JSPL
NTPC
Cairn India
Negative Breakouts
JP Asso
India Cements
Sun Pharma
Indian Oil
Hindustan Zinc
Thursday, February 26, 2009
सेन्सेक्स (8954.86) 52.30 अंक चढ्कर, नीफ़्टी (2785.65) 23.15 अंक चढ्कर, बंद..
European markets update: FTSE Index up 1.6%, DAX Index up 1.5% and CAC Index up 1.3%
Our first target completed in Reliance capital March Futs At Rs 360
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Buy and hold Sun Tv at Rs164-165 with SL of Rs161 for a target of Rs171-173
India Inflation rate for the week ended Feb 14 was at 3.36%
Trail SL in Reliance Capital March Futs to Rs371 now
SELL HDFC Bank March Futs between Rs840-845 with SL of Rs860 for target of Rs815, 810
High risk traders short Reliance Capital March Futs at Rs374-371 with SL of Rs382 for target of Rs360, 355
Sell SBI March Fut at Rs1012 with SL of Rs1029 for target of Rs980
Pri Market Commentary ..
Today’s inflation figures and Friday’s Q3 GDP report will be keenly followed. While inflation will moderate further the GDP for Oct-Dec quarter is likely to come in at around 6-6.5%. For the whole year, the government sees GDP growing at 7.1%. The Government is also slated to unveil an interim trade policy today. Exporters, especially those hit by the global downturn may get some additional sops.
Coming to today’s market, we expect the key indices to open with a positive bias, but may run out of steam later. Considering today’s F&O expiry, we do not rule out increased intra-day gyrations. US stocks closed lower overnight while their counterparts in Europe advanced. Asian markets are mixed this morning.
Suzlon Energy
Shares of Suzlon Energy surged by over 2.5% to Rs41.3 after the company announced that, Suzlon Energy Australia Pty Ltd., a step-down wholly owned subsidiary of the company entered into an agreement with AGL Energy Ltd for supply of 54 units of Suzlon's S88-2.1 MW wind turbine generators translating to 113.4 MW capacity in Australia in 2009. The scrip touched an intra-day high of Rs42.6 and a low of Rs41 and recorded volumes of over 62,00,000 shares on BSE.
DLF
Shares of DLF slipped by 1.7% to Rs154 after the government
said that it was examining a special audit report for the assessment year 2006-2007. Some housing companies have isstated income and profits, the minister said today. The scrip touched an intra-day high of Rs162 and a low of Rs153 and recorded volumes of over 72,00,000 shares on BSE.
Positive & Nagative Breakouts
Lupin
Tata Motors
Siemens India
Grasim Ind
Tata Tea
Negative Breakouts
MTNL
Ranbaxy Labs
Hero Honda
Adlabs Films
Nifty (2755) Sup 2700 Res 2795
Pre Market Ideas !!
Pre Market Intraday Ideas !!
FIIs were net sellers in the cash segment on Wednesday at Rs3.84bn
Wednesday, February 25, 2009
सेन्सेक्स (8902.56) 80.50 अंक चढ्कर, नीफ़्टी (2762.50) 28.60 अंक चढ्कर, बंद..
High risk traders short Colgate Feb Futs between Rs448-446 with SL of Rs454 for target of Rs437, 435
European markets update: FTSE Index up 1% and DAX Index up 1.5% and CAC Index up 1.6%
Our ONGC is going strong at Rs699, trail SL to Rs690 now
Welspun Gujarat wins order worth Rs500cr
High risk traders buy & hold BHEL between Rs1378-1385 with SL of Rs1360 for target of Rs1415, 1425
Buy & hold Kotak Bank between Rs254-256 with SL of Rs247 for target of Rs266, 268
Suzlon bags 113MW order from Australia
High risk traders buy & hold ONGC between Rs687-691 with SL of Rs676 for target of Rs708, 714
Sell Divis Lab Feb futs at Rs824-820 with SL of Rs835 for a target of 798
Trand Ideas ..
Below 2778 level ,It will be in Bearish trend is suggested with SL @ 2781 for the Support @ 2727 - 2709 - 2688 levels ;
Regarding Positive trend is suggested @ the level of 2781 with SL @ 2778 for the Target @ 2799 > 2808 > 2820 levels ;
Pre Market Ideas !!
Buy Essar Oil
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Pre Market Intraday Ideas !!
Buy Maruti
Buy Gtl Infra
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Pri Market Commentary ..
Today, we expect the market to continue Tuesday’s pull-back, as global markets are in buoyant mood. US stocks rallied overnight after Monday mayhem. But, European indices fell for a fifth session in a row. Asian markets are up 1-3% this morning.
The new stimulus plan doesn’t guarantee an immediate rebound in economic activity and partly hinges on the recovery in key global economies. Better late than never, that’s what we would like to call the rather belated announcement on the latest fiscal booster shot.
There is scope for a brief rally if India Inc passes on the benefit of cuts announced by the government. The RBI’s much-anticipated rate cuts will provide a temporary booster too.
ICICI
Shares of ICICI Bank erased early losses and ended flat at Rs335. The stock hit an intra-day high of Rs340 and a low of Rs318 and recorded volumes of over 49,00,000 shares on BSE.
ONGC
Shares of ONGC gained by a percent to Rs680. The scrip touched an intra-day high
of Rs686 and a low of Rs656 and recorded volumes of over 1,00,000 shares on BSE.
Positive & Nagative Breakouts
Maruti Suzuki
Bajaj Auto
Colgate-Palmoliv
DLF
Grasim Ind
Infosys Tech
Hindustan Zinc
Reliance Power
BHEL
Ambuja Cement
FIIs were net sellers in the cash segment on Tuesday at Rs4.31bn
Tuesday, February 24, 2009
सेन्सेक्स (8822.06) -21.15 अंक गिरकर, नीफ़्टी (2733.90) -2.55 अंक गिरकर, बंद..
Long Gujarat Ambuja Cements March FUTS at Rs68 with SL of Rs64 for target of Rs73
European markets update: CAC Index down 0.8% and DAX Index down 0.7% and FTSE Index down 0.6%
High risk traders buy & hold LITL between Rs118-119 with SL of Rs114 for target of Rs130,132
Our first target completed in short call of HDFC Feb Futs, recommended on Friday
High risk traders buy & hold Maruti between Rs620-624 with SL of Rs612 for target of Rs640, 645
High risk traders short LIC Hous Finance Feb Futs between 199-197 with SL of Rs204 for target of Rs188, 186
High risk traders short PNB Feb Futs between 352-349 with SL of Rs357 for target of Rs338
Trail SL to Rs364 in our Fridays short recommendation of Reliance Capital Futs to cost now
Trail SL to cost in our Fridays short recommendation of DLF, HDFC, LT and Ster Futs to cost now
ABB
Shares of ABB bounced back sharply after the company posted a net profit of Rs1931.19mn for the quarter ended December 31, 2008 as compared to Rs1807.88mn for the quarter ended December 31, 2007. Total Income has increased from Rs18648.02mn for the quarter ended December 31, 2007 to Rs22170.05mn for the quarter ended December 31, 2008. Quarter ended result is unaudited.
The scrip rose by 1.6% to Rs399 after hitting an intra-day high of Rs405 and a low of Rs365 and recorded volumes of over 23,00,000 shares on NSE.
Buy ABB on dips for good short term returns, target 411.90 and plus
Asian markets are already deep in the red, with the Nikkei in Tokyo and the Hang Seng in Hong Kong down well over 2.5%. Overnight, the Dow and S&P 500 tumbled to levels not seen in nearly 12 years, as investors continue to worry that the government's efforts to slow the recession won't be sufficient.
Reports say economists expect a deeper recession in the first half of the year followed by a modest recovery in the second half and a bigger recovery in 2010. Housing, manufacturing and gross domestic product growth reports are expected in US this week.
Pri Market Commentary ..
Today, the Indian stock markets continue to perform as under-dogs and are waiting for a David Boyle to tell an old recycled story better. Piling impossibility on impossibility remains a hope for bulls as global cues continue to haunt Indian market. A gap-down opening is a given. Don’t buy hoping for a miracle immediately.
The little hope that market is expecting is some measure from the RBI. The Oscars have proved you don’t need a new story. It just has to be told well. As Rehman's score wins a double delight, the bulls are yearning to scream Jai Ho!
The F&O expiry will bring its moments of anxiety as bulls and bears brush each other in a narrow range. The way investors adjust to revised market lots for fresh month contracts could widen the range.
Satyam
Satyam erased gains and fell 1.4% to close at Rs45.5. The stock had earlier surged after the Company Law Board (CLB) on Thursday allowed Satyam Computer to sell a stake to a strategic investor via an open competitive bidding process.
Ashok Leyland
Shares of Ashok Leyland advanced by a percent to Rs15.41 after reports stated that the company would supply 500 more buses to Angola by March-end. The scrip touched an intra-day high of Rs15.5 and a low of Rs15.1 and recorded volumes of over 19,00,000 shares on NSE.
Pre Market Ideas !!
Positive & Nagative Breakouts
Colgate-Palmoliv
Maruti Suzuki
BPCL
Ashok Leyland
DLF
Negative Breakouts
HDFC Bank
Tata Power
Jindal Saw
Cairn India
Sun Pharma
Pre Market Intraday Ideas !!
Sell HDFC
Nifty (2736) Sup 2650 Res 2770
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