सेन्सेक्स (16264.30) 47.44 अंक चढ्कर, नीफ़्टी (4829.55) 10.15 अंक चढ्कर, बंद..

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BHEL wins order worth Rs1300cr

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Our morning call ABB target achieved at 749.90.

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Delivery Call : Buy & hold Guj Nre at 63-65 SL 55 Tgt 80,100,110.Hold for 60 days.

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India Manufacturing Rises 6.8% In July

India Mining Output Rises 9.9% In July

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India July Consumer Goods Production Rises 8.8%

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Indias July Industrial Production Rises 6.8% From Year Ago

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Delivery Call : Buy & hold ICICI BANK at 827 SL 770 Tgt 1000.Hold for 30 Days.

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Next Live match- 11 Sep 2009

India vs New Zealand 2nd Match, R Premadasa Stadium, Colombo (D/N) Live action starts from: 09:00 GMT (14:30 IST)

Sector Watch : I.T., Banking,Textiles & Infra Stocks

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We expect a flat to slightly positive start. IIP data will be out today. According to the Commerce Minister, it grew by 7%. This is respectable given

Today,we expect a flat to slightly positive start. IIP data will be out today. According to the Commerce Minister, it grew by 7%. This is respectable given the circumstances. Exports too are showing signs of bottoming out. FDI inflows in July were pretty good. Rains in the last phase have been better. The big worry is on the inflation front, and its fallout on interest rates. We’ve come a long way forward in every sense.


Funds flush with cash are offering psychological support at the moment. The fear of being left out is compelling many to step in even at higher levels, lest they under-perform. Since the advance in early March, the markets haven’t had a meaningful correction. Though the overall mood is upbeat, there is some skepticism about the sustainability of the rally. OIL India’s IPO has got subscribed 31 times. US stocks have risen for the past four sessions. A key European index has gained for six straight days. Most markets around the world are trading at a year’s high amid persistent optimism about the prospects for the global economy.

NIFTY 4770 - 4888

BELOW @ 4809 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 4817 level

for the target @ 4781 to 4770 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 4817 with SL of 4809

Target @ 4848 to 4888 levels.

Pre Market Ideas !!

Buy ABB

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Pre Market Intraday Call !!

Buy Tata Steel

Buy Rel Cap

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Ranbaxy asks USFDA to re-inspect Dewas facilities. (ET)

IVRCL Infra has bagged order worth Rs5bn from Maharashtra Government, among others. (BL)

Jet Airways and its pilots have reached a pact to break the deadlock. (ET)

L&T bags Rs4bn order from Nuclear Power Corporation. (BL)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


SIEMENS INDIA
BOI
DR.REDDY LABS
JP ASSOCIATE
MADRAS CEMENT


NEGATIVE BREAKOUTS


GE SHIPPING
UNITED BREWERIES
IB REAL ESTATE
GSPL
ABAN OFF

NIFTY (4819) SUP 4719 RES 4919

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सेन्सेक्स (16216.86) 33.31 अंक चढ्कर, नीफ़्टी (4819.40) 5.15 अंक चढ्कर, बंद..

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BOI & JAIPRA : Both morning call TRADING FIRM - HOLD

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TRADING STRONG


Book Profit on higher levels,
market may correct next week,
cash on hand will win!

RIL : Our morning call TARGET ACHIVED

AS USUAL NO JAI NO VIRU, only vimal...

ITC: Our yesterday call trading strong, our intraday target achived at 231.70 BOOK PROFIT

BOOK PROFIT

TARGET ACHIVED
Delivery Clients CAN HOLD for 250

BHEL wins order worth Rs990cr

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European markets update: FTSE Index, CAC Index and DAX Index up by 0.5% each

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India Inflation for the week ended August 29 was at -0.12%

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L&T wins four orders for steam generators for Nuclear Power Corp

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OPTOCIRCUT : Trading above 207, 1st target achived hold for next

OUR 30DAYS DELIVERY CALL
BANG ON TARGET

TRAIL SL COST TO COST AND
HOLD FOR NEXT TARGET
OPTOCIRCUT

ITC : Hold for intraday target of 231

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EDUCOMP : Our delivery call trading strong, close to target HOLD

EDUCOMP at 4343
TRADING STRONG
HOLD FOR TARGET

Corporate Snippets

± Videocon Industries, GAIL, HPCL & BPCL plan to exi.

± Bharti Airtel denied reaching a preliminary agreement with South Africa’s MTN on their planned alliance. (ET)

± BSNL, MTNL deny buy Kuwait telecom firm Zain (ET)

± GMR Infrastructure plans to sell shares of various businesses independently to raise Rs75bn. (ET)

NIFTY 4777 - 4861

BELOW @ 4828 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 4833 level

for the target @ 4797 to 4777 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 4833 with SL of 4828

Target @ 4848 to 4861 levels.

Pre Market Ideas !!

Buy RIL

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Pre Market Commentary ..

Today,a small pull-back is only to be expected after the recent advance. The recent bugbear - the Chinese market could yet again play party pooper. But then China is something we cannot ignore. Despite perpetual optimism, the force may not be with the bulls at the start so to speak, as global markets are not doing well. The Shanghai Composite has sunk by as much as 5%. Other Asian indices too are down 0.5-2%. On Wall Street, the Dow broke its eight-session winning sequence on Friday. As a result, we are likely to toe the global line and open in the red, though there is no need to panic as such. A small pull-back is only to be expected after the recent advance. The Q1 GDP data will be out today and could swing the game either way.

Despite the impending shortfall in farm output, the situation is not alarming as yet. The Finance Minister has reaffirmed that things are not so bad. One only hopes that the Centre manages the food supply situation well. Still, inflation is likely to present a few challenges down the line. If that happens, interest rates should also harden. One should brace for a few hiccups on the road to recovery. One will of course have to grapple with the daily developments across the global markets and economies as well.

FIIs were net buyers of Rs1.93bn in the cash segment on Wednesday

FIIs were net buyers of Rs1.93bn in the cash segment on Wednesday on a provisional basis while the local funds pumped in Rs2.38bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs694.6mn. On Tuesday, FIIs were net buyers of Rs11.75bn in the cash segment. With this, their net investments in Indian stocks this year have crossed $8.5bn.

Pre Market Intraday Call !!

Buy BOI

Buy JP Associate

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NIFTY (4814) SUP 4714 RES 4914

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सेन्सेक्स (16183.55) 59.88 अंक चढ्कर, नीफ़्टी (4814.25) 9.00 अंक चढ्कर, बंद..

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Our morning call Buy SBI is going strong & target achieved at 1904.90

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Essar Oil may start coal seam gas production by December

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Delivery Call : Buy ITC at 226.25 SL 219.90 Tgt 231,234.Hold for 30 Days.

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RELIANCE : trading very strong above 2112....no jai no viru....

only dhiru...

RIL : Our buy call given at 1850-1900 now trading at 2050-2100, book partial profit and buy on dips.

RIL...RIL...only vimal!!..vimal

Written boldly to buy....

What happened it crossed

our target of 1821 & kissed 1828.

NOW TRADING AT 2050-2100

HOLD FOR NEXT TGT!!

Buy SAIL on decline for short term delivery. - Steel stock looking good...

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Pre Market Commentary ...

Today, we expect a cautious to slightly higher start and another day of intra-day gyrations. Though liquidity could drive the market higher, one cannot overlook the headwinds such as sluggish loan growth, subdued tax receipts, drought, rising inflation and interest rates.The rising market may seem to be in denial mode for some time. Meanwhile, telecom companies are ringing in denials with the much anticipated mega merger of Bharti Airtel and MTN expected to take further time to materialise. BSNL and MTNL have also denied being part of the takeover consortium for Kuwait’s Zain.

Coming to the markets, looks like the momentum is favouring the bulls yet again. The Nifty is within striking distance of the 5000 mark. Some technical chartists see the Nifty touching 5200-5300 levels. But, we would like to urge caution, as the advance is bound to face bumps along the way. Large-scale fresh buying should be avoided. We wouldn’t tell you to sell off as overall the prospects appear bright but then some profit booking is always healthy for your portfolio.

NIFTY 4701 - 4845

BELOW @ 4809 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 4818 level

for the target @ 4781 to 4770 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 4818 with SL of 4809

Target @ 4830 to 4848 levels.

Pre Market Ideas !!

Buy ABAN

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Pre Market Intraday Call !!

Buy ICICI Bank

Buy SBI

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POSITIVE & NEGATIVE BREAKOUT

POSITIVE BREAKOUTS


ICICI BANK
PATEL ENGINEERING
PETRONET LNG
SAIL
MPHASIS

NEGATIVE BREAKOUTS


TATA COMM
PATNI COMPUTER
GREAT EASTERM SHIPPING
TATA POWER
IVRCL INFRA

FIIs were net buyers of Rs9.9bn in the cash segment on Tuesday

FIIs were net buyers of Rs9.9bn in the cash segment on Tuesday on a provisional basis while the local funds pumped in Rs2.06bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs11.33bn. On Monday, FIIs were net buyers of Rs10.5bn in the cash segment. With this, their net investments in Indian stocks this year have crossed $8.3bn.

NIFTY (4805) SUP 4705 RES 4905

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सेन्सेक्स (16123.67) 107.35 अंक चढ्कर, नीफ़्टी (4805.25) 22.35 अंक चढ्कर, बंद..

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BHEL gets order for 150 locomotives from Indian Railways

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Our Delivery Call Buy Educomp is going strong at 4407 hold for the target of Rs 4500.

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Delivery Call : Buy Educomp at 4320-4330 SL 4220 Tgt 4500.Hold for 30 Days.

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Pre Market Commentary ..

Today,we expect a cautious opening with no cues from Wall Street and a mixed Asian markets. The bulls may just manage to push indices a little further if FIIs and global markets help. Stocks have doubled in six months. Given the mismatch between valuations and fundamentals, further gains will be difficult to come by. Economic reports and earnings have raised optimism that the worst is over.


There could yet be another crisis if the real issues that need to be tackled are overlooked especially the one relating to global imbalances. Back home, we need to overcome a deficient monsoon, high fiscal deficit, possible spike in inflation and hardening of interest rates.


Troubled minds may have found some calm as strong buying from FIIs helped propel the key indices to a 15-month high. The rally came on higher volume and turnover with positive breadth. Firm global markets got a boost from heightened M&A action. Encouraging remarks from G20 leaders over the weekend added support. We won’t blame you for thinking that a rise was anticipated as Oil India IPO opens. The worry would be how long can it last?

Pre Market Ideas !!

Buy Ansal Infra

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Pre Market Intraday Call !!

Buy Punj LLyod

Buy Praj Ind

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IOC is exploring the possibility of setting up a wind mill in Paradeep (Orissa). (BS)

ONGC plans to ramp up Imperial Energy’s crude oil production and consolidate operations. (FE)

Tech Mahindra has bagged a 10-year contract worth ~Rs20bn from Etisalat DB, formerly known as Swan Telecom for managing its entire IT operations. (FE)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


GSPL
TECH MAH
BALRAMPUR CHINI
JSW STEEL
MNM


NEGATIVE BREAKOUTS


GVK POWER
NESTLE INDIA
BHEL
TATA COMM
EIH

FIIs were net buyers of Rs10.6bn in the cash segment on Monday

FIIs were net buyers of Rs10.6bn in the cash segment on Monday on a provisional basis while the local funds pumped in Rs1.5bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs18.26bn. On Friday, FIIs were net sellers of Rs569mn in the cash segment.

NIFTY (4782) SUP 4682 RES 4882

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सेन्सेक्स (16016.32) 327.20 अंक चढ्कर, नीफ़्टी (4782.90) 102.50 अंक चढ्कर, बंद..

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European markets update: FTSE Index up 0.8%, CAC Index up 0.9% and DAX Index up 1%

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Delivery Call : Buy & hold ITC at 234 Tgt 250.Hold for 30 Days.

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RCF: Our delivery call Hold for 30days NOW trading at 69.90, FIRST TARGET ACHIVED

HOLD FOR NEXT TARGET

SUNFLAG : Our delivery call again trading strong at 26.40

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BUY GIVEN AT 20.90
TRADING STRONG

Opto Circuits : Hold delivery call for good returns.

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Pre Market Commentary ...

Today, a mildly happy opening is on the cards following Friday’s recovery and some firmness in global markets. US markets will remain closed on account of Labour Day.

We are just a few days away from marking the first anniversary of the September crises. To say that the world has changed a lot since the earth-shattering event would be an understatement. Last week, policymakers from the G20 gathered in London in the run up to this month’s major summit in Pittsburg. The conclusion is that the recession has eased considerably, but we cannot afford to be complacent. The group also concurred that the so-called ‘exit strategy’ should be put on hold till we are completely out of the woods.



In other words, there is optimism in the air, though a measured one. Aggression can wait for a while, as the recovery will be in fits and starts and not leaps and bounds. Any advance will be tempered by periodic burst of reversals or subdued activity. A major breakout can happen only if global markets resume their uptrend. Fund flows also need to improve considerably. Take each day as it comes.

Pre Market Intraday Call !!

Buy Tisco

Buy Patni

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Pre Market Ideas !!

Buy Hindalco

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POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


JAIN IRRIGATION
BAJAJ AUTO
GAIL
DECCAN
HUL


NEGATIVE BREAKOUTS


GVK POWER
DR.REDDY
BHEL
BIOCON
LUPIN

SBI has cut deposit rates by 25bps for 1,000-day deposits with effect from September 8.(BL)

Aban Offshore may get contracts for more offshore rigs.(BL)

L&T is in talks to buy a thermal coal mine in Australia for about US$300mn. (ET)

FIIs were net sellers at Rs4bn in the cash segment on Friday

FIIs were net sellers at Rs4bn in the cash segment on Friday on a provisional basis while the local funds pulled out Rs53.5mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs107mn. On Thursday, FIIs were net buyers of Rs589mn in the cash segment. Mutual Funds were net buyers of Rs267mn on the same day.

NIFTY (4680) SUP 4580 RES 4780