Friday, November 6, 2009
सेन्सेक्स (16158.28) 94.38 अंक चढ्कर, नीफ़्टी (4796.15) 30.60 अंक चढ्कर, बंद..
European market update: FTSE index up 0.2%, CAC index up 0.3% and DAX index up 0.2%
Delivery Call : Buy VISAKA(509055) at 115-120 Tgt 147,177.Hold for 1 year.
HOT BUY
!!!
BUY AND
FORGET!!
Jet Airways raises fuel surcharge by Rs200
Pre Market Commentary ...
There is no finishing line in the stock market one should set realistic targets; which must be reviewed and altered at periodic intervals. After having bounced back from the bear market lows, the market is going through consolidation. That explains the recent spurt in volatility. The trend might continue in the near term as the market figures out a future sans stimulus. Today, the bulls are likely to have a strong opening and hopefully a similar close, thanks to firm global markets.
US stocks rallied, buoyed by Cisco’s upbeat results, RIM’s buyback and encouraging economic reports on jobless claims and productivity. European shares rebounded even as the Bank of England expanded its debt purchase program. Both, the BOE and the ECB held their rates unchanged without giving any clues on withdrawal steps.
Pre Market Intraday Call !!
Buy Rel Cap
Buy LIC Housing
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POSITIVE & NEGATIVE BREAKOUTS
DR.RADDY LABS
TORRENT POWER
MNM
RANBAXY LABS
LANCO INFRA
NEGATIVE BREAKOUTS
COLGATE
POWER GRID
CAIRN
HPCL
GRASIM
FIIs were net buyers in the cash segment on Thursday at Rs1.27bn
FIIs were net buyers in the cash segment on Thursday at Rs1.27bn on a provisional basis. The local funds were net buyers of Rs1.99bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs1.39bn. On Wednesday, the foreign funds were net buyers of Rs137mn in the cash segment. FIIs' net investments in Indian stocks this year is above $14bn.
NIFTY (4765) SUP 4665 RES 4865
Thursday, November 5, 2009
सेन्सेक्स (16063.90) 151.77 अंक चढ्कर, नीफ़्टी (4765.55) 54.75 अंक चढ्कर, बंद..
European markets update: FTSE Index down 0.9%, CAC Index down 1% and DAX Index down 1%
India September tea exports fall 5%
Delivery Call : Buy Welspun Guj at 254 SL 217 Tgt 267,277. Hold for 7 days.
Pre Market Commentary...
Today,we expect a flat to slightly lower start as Asian markets are in the red and US stocks could not hold on to intra-day gains. Wild gyrations are a given as the market consolidates after hitting multi-month highs last month. Stay highly alert as the near-term outlook remains murky and volatility is likely to persist for a while. Bulls and bears cannot arrive at a conclusion though both appear to be tired. How else will you explain the sharp swing in the last two days?
Technically, 4600 could prove to be a major support for the Nifty. Again there is nothing sacrosanct as further falls cannot be ruled out. On the upside, the bulls could face stiff resistance at around 4720-4830. Over the long-term, things should continue to look up as the recovery will meet with periodic bumps.A couple of labor market reports signal that the pace of layoffs in the US is slowing.
All eyes are on Friday’s monthly numbers. Cisco results have surpassed consensus estimates. The Bank of England (BOE) and ECB will announce their latest policy decisions later today.
Pre Market Intraday Call !!
Buy Bhusan steel
Buy Jindal Saw
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POSITIVE & NEGATIVE BREAKOUTS
RANBAXY LABS
PIRAMAL HEALTHCARE
UNITED SPIRITS
BHARAT ELECTRONICS
GTL
NEGATIVE BREAKOUTS
CESC
ANDHRA BANK
BALRAMPUR CHINI
AXIS BANK
STERLITE IND
FIIs were net buyers in the cash segment on Wednesday at Rs2.34bn
FIIs were net buyers in the cash segment on Wednesday at Rs2.34bn on a provisional basis. The local funds were net buyers of Rs5.57bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs26.39bn. On Tuesday, the foreign funds were net buyers of Rs3bn in the cash segment. FIIs' net investments in Indian stocks this year is above $14bn.
NIFTY (4710) SUP 4610 RES 4810
Wednesday, November 4, 2009
सेन्सेक्स (15912.13) 507.19 अंक चढ्कर, नीफ़्टी (4710.80) 146.90 अंक चढ्कर, बंद..
European markets update: FTSE Index up 0.7%, CAC Index up 0.9% and DAX Index up 1.1%
Delivery call : Buy Bank Of India at 346 SL 339 Tgt 359,364.Hold for 7 days.
Market Commentary ...
Today,the bulls seem to have lost courage as bears put on their horror Halloween masks and scared the wits out of the bulls. Another rate hike by Australia; a big loss for UBS and a massive shake up of UK banks spooked sentiment globally. Warren Buffett's blockbuster deal for Burlington Northern Santa Fe could provide bulls some cheer. At the same time the latest chart patterns for the S&P 500 suggest that the uptrend may be running out of gas.
All eyes and ears will be on the tone of central banks in US, UK and EU. Most of them may refrain from action in terms of raising rates. Back home, the FM has reiterated that he is in no hurry to reverse the fiscal stimulus. Disinvestment would happen when the market offers the best possible value.
Technically though, the bulls could lose some more ground. On the downside, support may kick in at 4,450. On the way up, 4630-4650 could prove to be tricky levels to surpass. We expect a slight rebound at start followed by another choppy session.
Pre Market Intraday Call !!
Buy Rolta
Buy Finance Tech
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POSITIVE & NEGATIVE BREAKOUTS
CROMPTON GREAVES
NESTLE INDIA
GTL
NALCO
BOB
NEGATIVE BREAKOUTS
CESC
POWER GRID
BALRAMPUR CHINI
GAIL INDIA
HERO HONDA
FIIs were net sellers in the cash segment on Tuesday at Rs8.74bn
FIIs were net sellers in the cash segment on Tuesday at Rs8.74bn on a provisional basis. But, the local funds were net buyers of Rs7.52bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5.67bn. On Friday, the foreign funds were net buyers of Rs7.36bn in the cash segment. FIIs' net investments in Indian stocks this year is above $14.2bn.
NIFTY (4563) SUP 4463 RES 4663
Tuesday, November 3, 2009
सेन्सेक्स (15404.94) -491.34 अंक गिरकर, नीफ़्टी (4563.90) -147.80 अंक गिरकर, बंद..
Our morning call
Sell Aban targeta achieved
at 1249.90.
Sell Rcom target achieved
at 164.90.
BANG ON TARGET
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Market Commentary ...
India Inc’s report card is out, and though profits have improved, the real demand-led growth is still elusive. Most of the rebound in earnings is due to lower operating costs and stimulus measures. The road ahead will be tough to ride on for India Inc., as the RBI and the Government unwind the extraordinary stimulus steps.
Globally too, the situation is similar. Earnings growth has returned but largely due to government stimulus. Though authorities, both here and abroad will be cautious in reversing the stimulus, it remains to be seen how corporates, households and markets behave sans the stimulus.
Pre Market Intraday Call !!
Sell Aban
Sell Rcom
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POSITIVE & NEGATIVE BREAKOUTS
ASHOK LEYLAND
MPHASIS
WIPRO
RANBAXY LABS
HINDUSTAN ZINC
NEGATIVE BREAKOUTS
HCC
GSPL
GAIL INDIA
BAJAJ AUTO
MADRAS CEMENTS
FIIs were net buyers in the cash segment on Friday at Rs5.76bn
FIIs were net buyers in the cash segment on Friday at Rs5.76bn on a provisional basis. The local funds were net buyers of Rs5.92bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs20.70bn.
NIFTY (4711) SUP 4611 RES 4811
Monday, November 2, 2009
Sincere wishes on Guru Nanak Jayanti
The stock market [NSE & BSE]
will remain closed
on November 2, 2009 (Monday)
due to the celebration of
Guru Nanak Jayanti.
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