Friday, October 9, 2009
सेन्सेक्स (16642.66) -200.88 अंक गिरकर, नीफ़्टी (4945.20) -57.05 अंक गिरकर, बंद..
Reliance Infra agrees to pay RIL D6 gas marketing margin
TATA STEEL : Hold it looking good on charts....
Pre Market Commentary ..
Today, we expect a flat to slightly positive start. Revision in guidance, if any from Infosys would be the key. The market is expected to be volatile in the short term as it awaits more signs of improvement on the economic front, both here as well as overseas.Though equities in the US and European markets advanced on Alcoa results, Asian markets are mixed.The earnings season is underway and the Alcoa numbers seem to have bolstered the sentiment, and heightened the expectations. Markets around the world still have to deal with a lot of earnings. They are looking for further evidence of recovery and what better source to get it than earnings. There are bound to be some disappointments just as there will be positive surprises. Take each day as it comes and don’t jump the gun and end up making a wrong move.
Infosys has come out with its Q2 FY10 financial results. The IT bellwether has reported a net profit of Rs15.4bn as against Rs15.27bn in the quarter ended June 30. The revenue for the reporting quarter is Rs55.85bn versus Rs54.72bn in the previous quarter. Operating profit margin for the second quarter stood at 34.6 compared to 34.1% in the April-June quarter.
Pre Market Ideas !!
Buy Gitanjali
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Pre Market Intraday Call !!
Buy Rel Cap
Buy Tata Steel
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POSITIVE & NEGATIVE BREAKOUTS
ICICI BANK
DIVIS LABS
GLENMARK PHARMA
MNM
WEL GUJ
NEGATIVE BREAKOUTS
PATNI
INFOSYS
WIPRO
RNRL
RPOWER
FIIs were net sellers in the cash segment on Thursday
FIIs were net sellers in the cash segment on Thursday at Rs3.76bn on a provisional basis. The local funds pulled out Rs208.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.09bn. On Wednesday, FIIs were net buyers of Rs7.73bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.8bn.
NIFTY (5002) SUP 4902 RES 5102
Thursday, October 8, 2009
सेन्सेक्स (16843.54) 36.88 अंक चढ्कर, नीफ़्टी (5002.25) 16.50 अंक चढ्कर, बंद..
Government approves Hike In Mills Sugar Levy Quota to 20%
European markets update: FTSE Index up 1%, CAC Index up 1.5% and DAX Index up 1.3%
India Inflation for the week ended Sept 26 was at 0.7%
Delivery Call : Buy Reliance at 2150-2160 Tgt 3450.Hold for 365 Days.
No Jai No Viru, Only DHIRU - ONLY VIMAL...VIMAL
While the market will open higher, the overall mood will be determined by the trend in global markets. Most players are keenly awaiting the latest batch of quarterly numbers to take a broader call. Since valuations are not cheap, exercise some restraint. Even if earnings season turns out to be a strong one, spend some time weighing the risk-reward ratio. IT stocks which saw some sell-off will look for cues from Infosys tomorrow.
Expect volatility with a positive bias.
Pre Market Ideas !!
Buy ZEEL
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Pre Market Intraday Call !!
Buy STER
Buy Tata Steel
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POSITIVE & NEGATIVE BREAKOUTS
BAJAJ HIND
GLENMARK PHARMA
IDBI BANK
CIPLA
ITC
NEGATIVE BREAKOUTS
MPHASIS
RPOWER
PETRONET LNG
TATA TEA
GE SHIPPING
FIIs turned net buyers in the cash segment on Wednesday
FIIs turned net buyers in the cash segment on Wednesday at Rs6.34bn on a provisional basis. The local funds were also net buyers of Rs3.02bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs8.02bn. On Tuesday, FIIs were net buyers of Rs314mn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.6bn.
NIFTY (4985) SUP 4885 RES 5085
Wednesday, October 7, 2009
सेन्सेक्स (16806.66) -151.88 अंक गिरकर, नीफ़्टी (4985.75) -41.65 अंक गिरकर, बंद..
Jindal Saw to consider stock split on October 15
Pre Market Commentary ...
Today, after the Monday Mayhem, we witnessed a classic Tuesday Turnaround. The rebound was largely led by short covering and buying in defensives like FMCG shares. Derivative indicators show that 4900 will remain a key short-term support. So what’s up on Wednesday? We expect to see a firm start as most world markets are up smartly. Commodities have too resumed their northbound journey while the dollar is getting pummeled.
Trading screens have turned green again after the recent retreat that had seen indices pull back from multi-month highs. In the near-term, the Indian market will swing to the beats of the global cues and earnings. Overall trend appears positive though volatility will remain elevated. Australia has already blinked by raising rates.
The RBI chief too has been talking of an exit from the accommodative monetary stance. Watch out for the mid-term policy review. Inflation will continue to have a bearing on equities and interest rates are also set to harden. Quite a few have lately cautioned on the sharp run-up in stocks and even commodities, citing a fragile recovery in the advanced economies.
POSITIVE & NEGATIVE BREAKOUTS
HDFC BANK
MNM
GLENMARK PHARMA
ULTRATECH CEMENT
COLGATE
NEGATIVE BREAKOUTS
GVK POWER
GODREJ IND
ESSAR OIL
JP ASSO
TATA TEA
FIIs were net sellers of Rs1.57bn in the cash segment on Tuesday
FIIs were net sellers of Rs1.57bn in the cash segment on Tuesday on a provisional basis. The local funds were net sellers of Rs7.67bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5.88bn. On Monday, FIIs were net sellers of Rs2.37bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.6bn.
Pre Market Ideas !!
Buy JSW Steel
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Pre Market Intraday Call !!
Buy RIL
Buy ABAN
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NIFTY (5027) SUP 4927 RES 5127
Tuesday, October 6, 2009
सेन्सेक्स (16958.54) 92.13 अंक चढ्कर, नीफ़्टी (5027.40) 24.20 अंक चढ्कर, बंद..
European markets update: FTSE and DAX Index up 0.5% each and CAC Index up 0.3%
Bharti Airtel enters into strategic partnership with Cisco
Suzlon wins 57MW repeat order from Turkish company
Pre Market Commentary ..
The underlying trend in the market is still positive despite some reversal in the last few sessions. The sentiment could be hurt by less than spectacular results and economic data. That is particularly the case after the kind of rally we have enjoyed over the past six and a half months. Other big event to watch will be the RBI’s half-yearly policy review. It is most likely to set the tone for the central bank’s moves on interest rates going ahead.
Pre Market Ideas !!
Buy HDFC BANK
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Pre Market Intraday Call !!
Buy RIL
Buy IOC
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POSITIVE & NEGATIVE BREAKOUTS
MNM
TCS
PNB
ITC
GSPL
NEGATIVE BREAKOUTS
INDIAN HOTELS
GE SHIPPING
GVK POWER
JP ASSO
ESSAR OIL
FIIs were net sellers of Rs3.1bn in the cash segment on Monday
FIIs were net sellers of Rs3.1bn in the cash segment on Monday on a provisional basis. The local funds were net sellers of Rs5.67bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs7.03bn. On Thursday, FIIs were net buyers of Rs13.72bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.7bn.
NIFTY (5003) SUP 4903 RES 5103
Monday, October 5, 2009
सेन्सेक्स (16866.41) -268.14 अंक गिरकर, नीफ़्टी (5003.20) -80.20 अंक गिरकर, बंद..
European markets update: FTSE Index up 0.2%, CAC Index up 0.2% and DAX Index up 0.3%
Intraday : Buy Nifty at 5048 SL 5014 Tgt 5077,5089.
Our monrning call Sell Reliance target achieved.
Pre Market Intraday Call !!
Sell RIL
Sell Rcom
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Pre Market Commentary ...
Today, we expect a soft opening due to weak global cues. US stocks fell last week owing to disappointing economic reports, particularly on the jobs front. The big catalyst in the near term will be the quarterly earnings, both here and overseas. Monday morning blues are back. Just when one thought the monsoon was over, comes the bolt from the blue. Unexpected stormy weather has been wrecking havoc in South and West India. Although the torrential rains have brought some relief from searing heat, the timing is unwarranted. This is not good news in a year when the overall farm output is likely to take a hit and food inflation is already pretty high. It will be interesting to see what stand the Government and the RBI take to tackle spiraling prices.
What most players are looking for is whether the results will justify the market euphoria. We are inclined to believe there would be more positive surprises. Brace for a rollercoaster ride after a six-and-a-month rally.
POSITIVE & NEGATIVE BREAKOUTS
JSW STEEL
BAJAJ AUTO
HDFC BANK
ABAN OFF
RCOM
NEGATIVE BREAKOUTS
HINDALCO
TATA MOTORS
GRASIM
SAIL
GVK POWER
FIIs were net buyers of Rs9.76bn in the cash segment on Thursday
FIIs were net buyers of Rs9.76bn in the cash segment on Thursday on a provisional basis. The local funds were net sellers of Rs3.31bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs358.6mn. On Wednesday, FIIs were net buyers of Rs15.08bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12bn.
NIFTY (5083) SUP 4983 RES 5183
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