Based on the market feedback, it has been jointly decided by NSE & BSE that the revision of market open timing to 9 a.m. shall be effective from January 4, 2010.
Thursday, December 31, 2009
सेन्सेक्स (17464.81) 120.99 अंक चढ्कर, नीफ़्टी (5201.05) 31.60 अंक चढ्कर, बंद..
SURAJ Dimonds - ICSA India & BAG Films all upby 3 to 5 %
ABAN & COX&KING both trading as per our levels given
Today is last trading session of 2009 - Last day of FO
Cox & Kings acquires Australian travel firm MyPlanet Australia Pty Ltd and Bentors International Pty Ltd. (ET)
TCS to step up hiring as info-tech spending takes off. (BL)
DLF is taking up a major restructuring exercise that can see the company splitting into five verticals. (FE)
FIIs were net buyers in the cash segment on Wednesday at Rs1.13bn on a provisional basis. The local funds were net buyers of Rs691.1mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.78bn. As per the SEBI figures, FIIs were net buyers of Rs3.85bn in the cash segment on Tuesday.
Pre Market Commentary ..
The time has come for a spectacular year to draw to a close. Timing the start of the market has been the latest debate and time in the market is going to get longer after today. We hope 2010 brings in even better gains though that may seem asking for too much. World equities have had a phenomenal rally in 2009. Much will depend on how the economic recovery progresses.
Among the events to watch out for will be the Fed’s policy actions and its fallout on the dollar and other markets. RBI moves should come as no surprise whenever it happens.Though the Nifty has made a new high for 2009, the market has been pretty much in a holiday mood. We expect a dull start amid subdued global markets. Volatility will prevail due to the F&O expiry. The Nifty is likely to face resistance at 5180-5200. A decisive close above 5200 could see the Nifty shooting to 5300-5650. Support is placed at 5100 and below that at 5000. Take all the rest you can during this long weekend.
Wednesday, December 30, 2009
JET AIRWAYS
Hold our past calls.. ABAN - BHUSHANSTL - RIL -SINTEX
Jindal Power Ltd, a part of Jindal Steel and Power Ltd, plans to raise Rs72bn from its IPO. (BS)
India and Japan agreed to wrap up talks on the proposed Comprehensive Economic Partnership Agreement by next year and simplify their visa regulations.
Bharti Airtel is focusing more on the rural sector by offering various tailor made packages, as the segment contributed 50% of its new business. (BL)
Pre Market Commentary ..
Today,we expect a flat to cautious start and yet another low volume day. Non-index counters may continue to hog the limelight but don’t get carried away by the momentum in these shares. The Nifty will find it tough to crack 5200. Support is likely to kick in at around 5100. In case of a fresh bout of buying in the near term, the Nifty could reach 5350. It hit an intra-day high of 5225 yesterday.
The year 2009 may be reaching its end but the market melody, which has been music to the bulls’ ears, doesn’t seem to be stopping. Most global equity benchmarks have in recent days either crossed or are on the verge of surpassing the annual peaks. For India, the Nifty has already made a new high for 2009, while the Sensex is within striking distance of doing so. The BSE benchmark may just achieve the goal with two trading sessions still to go, and momentum being positive. However, global cues are pretty tepid. Tomorrow we will have the last F&O expiry of 2009. So, some more volatility is a given.
FIIs were net sellers in the cash segment on Tuesday at Rs537.3mn on a provisional basis. The local funds were net buyers of just Rs31.9mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs6.95bn. As per the SEBI figures, FIIs were net buyers of Rs8.11bn in the cash segment on Dec. 24. Mutual Funds were also net buyers at Rs1.44bn on the same day.
Tuesday, December 29, 2009
सेन्सेक्स (17401.56) 40.95 अंक चढ्कर, नीफ़्टी (5187.95) 9.55 अंक चढ्कर, बंद..
Buy & hold Sintex Inds betwen Rs262-263 with SL of Rs258 for target of Rs273, 277
hold for 15 days
mint money..sure shot..
Ranbaxy to transfer stake in Ranbaxy (Guangzhou China) Limited to HNG Chembio Pharmacy Co
Cipla to pay Rs1500cr for drug overcharging - reports
European markets update: FTSE Index up 0.3%, CAC Index up 0.1% and DAX Index up 0.2%
Buy Bhushan Steel for revised target, looking goooooood on charts...........
Superb Performance of our Last Recommendation
buy and hold
Bhushan Steel
Superb Performance of our Last Recommendation
Buy ZANDUPHARM at 6220-6350 for target of 7000 SL 5000
Bhushan Steel, RIL,RCOM
DLF& SUZLON TGT achived
Bhushan Steel trading above traget -HOT call bang on target in 3trading sessions
Our Bhushan Steel above TARGET
achieved as written on 24/12/2009
Value Pick ...Must Buy as per charts...
Our Bhushan Steel at 1440 TARGET achieved as written on 24/12/2009
STOCK OF THE DAY!!
Our Bhushan Steel at 1440 TARGET
achieved as written on 24/12/2009
BoI to offer home loans at 8%. (ET)
Fortis Hospitals plans to invest Rs2.5bn to expand its facilities pan-India. (FE)
Idea secures Rs95bn credit line for 3G push. (ET)
Reliance Power has started power generation at its 1,200MW Rosa Power Project in Shahjahanpur district of Uttar Pradesh. (BS)
Reliance Industries has updated its non-binding proposal to acquire LyondellBasell, as per media reports; RIL’s new offer has a higher cash component
FIIs were net buyers in the cash segment on Thursday at Rs7.07bn on a provisional basis. The local funds were net sellers of Rs1.1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs8.99bn. FIIs were net buyers of Rs13.53bn in the cash segment on Thursday. Mutual Funds were net sellers of Rs1.01bn on the same day.
Market Commentary ...
Today,after a really long weekend, the market could be headed for a new high before bidding farewell to the year 2009. However, with only three trading sessions and F&O expiry one will have to brace for a volatile week. Trading might be thin, both here as well as overseas, as many players would have opted for an extended year-end holiday. As for today, we see a modestly higher opening for the key indices and sideways movement.
We would urge some caution at this juncture, as the market has already had a spectacular rally this year.The headroom for further advance is limited. One will have to be extremely choosy and careful. Factors like rising inflation, an impending hike in interest rates and high fiscal deficit could weigh on the sentiment.
There are also worries as to how different nations go about withdrawing the emergency stimulus measures, and how it may affect the economic recovery. On the corporate front, future earnings growth will have to reflect pick-up in demand rather than just cost cutting.