Friday, March 12, 2010
सेन्सेक्स (17166.62) - 01.34 अंक गिरकर, नीफ़्टी (5137.00) 03.60 अंक गिरकर, बंद.
BOOK PROFIT in all below stock ... CASH ON HAND..
TATA Steel
TATA Chemical
STERLITE
CENTURY
JINDAL STEEL
CASH ON HAND..
Corporate Snippets
± Bharti Airtel made its debut into media and entertainment services with the launch of the Airtel Digital Media Business. (BL)
± Fortis Healthcare Ltd acquired 23.9% strategic stake in Singapore-based healthcare service provider, Parkway Holdings Ltd for about US$685.3mn. (BL)
± Bank of India has increased interest rates on big-ticket (wholesale and bulk) deposits by 75-150 basis points across various maturities
± Maruti Suzuki would export at least 35,000 units of the A-Star compact car to Nissan in Europe in FY11. (BL)
± Ashok Leyland plans to import radial CV tyres and has sought a licence from the Government. (BL)
± Hero Honda would finalise the location to set up its fourth manufacturing facility by September 2010. (BL)
± TVS plans engine making unit in Karnataka. (BS)
± CESC intends on adding 5,000 MW of thermal generation capacity over the next few years, with investments in the range of Rs 200bn, by establishing five new facilities. (BS)
± Bosch is expected to declare a lockout at its flagship plant in Bangalore on March 15. (BL)
± Mahindra Satyam has won a US$48mn contract from KMD, an IT major from Denmark that specialises in the public sector projects. (BL)
± ICSA India has received work orders worth Rs1.3bn from Powergrid Corporation of India, taking the total order book size to Rs21.3bn. (BL)
Pre Market Commentary ..
There is no great feeling in the market as we stare at another soft opening. The global markets appear inconclusive. US stock benchmarks posted moderate gains while Europe was subdued. Asian markets are trading mixed. Looks like investors are on a ‘wait-n-watch’ mode and appear to be reluctant in taking major bets immediately. The Nifty is expected to remain stuck in the 5100-5150 range and the next hurdle is near the 5200. Fresh selling could take it as low as 5030-5050.
Inflation numbers showed a spike in fuel price. A possible trigger later in the day would be the IIP numbers.
Meanwhile, India Inc’s global conquest continues unabated – yet another sign of revived confidence following the financial turbulence. The economy is in good shape, if not great. The Government is aiming for the top slot in a few years. This may sound a little ambitious but not unachievable. Much will depend on how the policy landscape unfolds besides of course the state of the world economy. Among the other major headwinds include inflation and its implication on monetary policy.
FIIs were net buyers in the cash segment on Thursday at Rs3.05bn on a provisional basis. Local funds were net sellers of Rs2.02bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs9.70bn. On Tuesday, FIIs were net buyers of Rs17.7bn in the cash segment. On Wednesday, FIIs were net buyers of Rs4.18bn in the cash segment, as per SEBI figures.
Thursday, March 11, 2010
सेन्सेक्स (17167.95) 69.63 अंक चढ्कर, नीफ़्टी (5133.40) 17.15 अंक चढ्कर, बंद..
Our call : SELL NMDC for intraday at first target 259
TRAIL SL COST TO COST
AND HOLD FOR NEXT TARGET
don't buy delivery...sell if any
and buy back at 303 and below..
If u dont have patience ,Dont trade
5058 * * * 5036
As per charts
we expect 4950-4900
level very soon
BOOK PROFIT
ON HIGHER LEVELS!!
sell ... sell ... sell ...303
SEL NMDC for intraday
at and below 370
TARGET 359 AND 349
SURE SHOT
DO NOT SIT ON
DELIVERY..
SELL SELL
Tgt 303
SAVE THIS MESSAGE
Corporate Snippets
± SBI to tap retail bond market next year with a 10-year issue. (ET)
± RIL has leased an ultra deep water drill ship to boost offshore exploration. (BS)
± Tata Steel hit by Orissa Government blanket mining ban order. (BL)
± ITC arm to invest Rs11bn in Bhadrachalam paper plant. (BL)
± NMDC FPO received bids for 17% of the share on day one. (ET)
± NMDC and Nagarjuna Fertilizer are scouting for phosphate mines abroad. (BL)
± Government says no FPO offers in IOC and ONGC as of now. (BL)
± SBI prefers rights issue over FPO says Chairman OP Bhatt. (BS)
± Adani Power out of race to supply power to Gujarat Urja Vikas Nigam. (BS)
± Thermax has formed a JV with Babcock and Wilcox for making super critical boilers. (ET)
± Jayshree Tea is close to acquiring a company in agro commodity space. (ET)
± Supreme Infra wins an order for Rs4.5bn.
Pre Market Commentary ..
The Indian equity market appears set to establish its hold. For all those who wake up trying to track how the Nifty is performing on the Singapore Exchange, there will probably be another breed of investors who will now stay awake to watch the Dow and S&P500 being traded on our exchange.
Meanwhile, stocks appear to have settled into yet another consolidation phase with no substantial newsflow to trigger direction. Traded volumes have been a bit disappointing even as flows from FIIs have improved. The post Budget feel-good factor which actually co-incided with global optimism seems to have ebbed slightly. For lack of other things, fourth quarter results, RBI’s annual policy meeting and monsoon could provide fresh direction going ahead.
Today we expect flat to a slightly higher start. US indices have gained overnight. European stocks too advanced while Asian markets are mostly in the green zone. On the technical front, 5150 is proving to be a tough resistance for the NSE Nifty. On the down side, strong support is expected at 5,000.
FIIs were net buyers in the cash segment on Wednesday at Rs3.64bn on a provisional basis. Local funds were net sellers of Rs3.75bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs1.55bn. On Tuesday, FIIs were net buyers of Rs17.7bn in the cash segment.
Wednesday, March 10, 2010
सेन्सेक्स (17093.33) 45.79 अंक चढ्कर, नीफ़्टी (5116.25)14.75 अंक चढ्कर, बंद..
European markets update: FTSE Index down 0.2%, CAC and DAX Index are trading flat
save this message.........................
Buy and Hold
RIL at 1001
SL 977
Target 1014, 1024
And 1044 plus
Jain Irrigation - delivery call BANG ON TARGET AT 993
"Buy Jain Irrigation at 811
SL 694 hold for target
877, 924 & 1044 plus
Post BUDGET,
hold for 60 days
SURE SHOT!!"
www.northpole77.com
BOOK PROFIT
BOOK PROFIT
Texmo Pipes AT 133.90
target achived our morning
new listed call.
New Listing today ..BSE 533164 Texmo Pipes
BUY
FOR
INTRA DAY
AT 124
130 PLUS
Texmo Pipes IPO
Listing is TODAY
Corporate Snippets
Wipro Technologies, the global IT services business of Wipro, announced that it has signed a Microsoft business productivity online suite "dedicated advisor" agreement with Microsoft Corp. (FE)
Wipro Infotech, the India and West Asian IT business of Wipro, won a turnkey project from the Financial Intelligence Unit - India (FIU-IND) of the Union Ministry of Finance to implement the FINnet project. (BS)
Hindustan Unilever has appealed against the Calcutta High Court's interim injunction, which restrained it from airing a particular commercial for its washing soap/powder, Rin. (BS)
FMCG major Marico plans to launch its beauty and wellness chain, Kaya in the Middle East by opening 4-5 clinics in the region in FY11. (ET)
The Steel Ministry said it will send the 20% share sale proposal of SAIL to the Cabinet this week. (ET)
IDBI Bank hoped to raise US$250-300mn through a medium-term note program, but would wait until market conditions were more favorable. (BS)
Indian Hotels is mulling the possibility of completely doing away with its Residency brand luxury hotels and gears up for a stronger push of its Vivanta brand. (BL)
Pre Market Commentary ...
It's been a year since the market has bid farewell it its lows. Meanwhile, the Sensex has galloped by over 100% in a year; albeit with a couple of corrections. The story ahead doesn't appear as promising as yet. For the day, we don’t expect any broad movement as the sentiment has softened a bit. Global markets are also insipid to say the least. Given this backdrop, we expect a flat to slightly positive start and another anemic session. Select stock specific action may of course continue to hog limelight.
Technically, the NSE Nifty faces resistance at 5200 while support is likely to kick in at 5000. A break beyond this range is not expected anytime soon. Much will hinge on global cues and fund flows; also don’t forget local data points like IIP and inflation, which will be announced shortly.
Meanwhile, in Parliament, it has taken 14 long years for India to pass the Women’s Reservation Bill in Rajya Sabha. Even that was not easy as the Yadav troika put up stiff resistance. What’s more, the Bill is yet to be cleared by the Lok Sabha. The UPA seems to have lost the support of the SP and RJD. Hopefully, time will be the best healer by the time the Finance Bill comes for clearance later in Parliament.!"
Tuesday, March 9, 2010
सेन्सेक्स (17052.54) - 50.06 अंक गिरकर, नीफ़्टी (5101.50) - 22.50 अंक गिरकर, बंद.
Market Outlook
Markets in overbought Position
& Profit booking is likely on higher level
Overall volatile session today
Pre Market Commentary ...
Like in the stock market, the favourites don’t always win the races. Record breaking sci-fi flick Avatar lost out to The Hurt Locker at the Academy Awards, which was a low-grosser. In another first, a woman won the Best Director Oscar, which coincided with the Women’s Day. In contrast, the long-pending Woman’s Reservation Bill received another setback back home as the famous Yadavs resorted to vandalism in Parliament.
Coming to the market, today we expect ‘The Weary Kind’ at start as it is expected to be subdued due to indecisive global cues. Most Asian shares are flat this morning after a mixed performance overnight on Wall Street. European stocks too finished nearly unchanged. We see the key indices being on ‘The Blind Side’ and listless today amid lack of fresh catalysts. Stock centric action will persist though with some stocks seeing ‘Up’ movement. Small-cap and Mid-cap shares might continue to remain ‘The New Tenants’ on street but do your due diligence before putting you ‘Precious’ money into this space.
Corporate Snippets
± Nissan ropes in Ashok Leyland to take on Volkwagen’s small cars. (BS)
± Exide Industries plans to raise ~Rs5.4bn through sale of 50mn equity shares priced at Rs107.9per share to QIB. (ET)
± India Cements to raise over Rs11bn via QIP route. The funds would be used for setting up captive power plants. (ET)
± SAIL plans to setup a technology joint venture with a Japanese partner to make higher value products amid surging demand. (BS)
± Axis Bank plans to spin off its private equity (PE) business as a separate entity. (BS)
Monday, March 8, 2010
INDIAINFO : hold for 124 and 129 next 3 days
TATA STEEL : Target Achived at 624 - book profit
"
Buy and Hold
TATA STEEL
target 625
and 650 plus
"
ICICI BANK : Our positional call trading strong hold...
Hold ICICIBANK at 920
hold for target 1000,1050
Corporate Snippets
± Reliance Industries, which has tasted success in a block in the Cauvery basin, could be close to striking hydrocarbon in an adjacent block in the region. (BL)
± Zydus Cadila announces commencement of phase-II and III clinical trials of its swine flu vaccine. (ET)
± Tata Steel sold 5.54mn tons of steel during April-February, registering a growth of 22% over the same period of 2008-09. (BS)
± Adani Power has been shortlisted along with three other international bidders to build a 1,000MW coal-fired power plant in European nation Kosovo. (BS)
± NMDC to double iron ore output to 50 mn tons by 2015. (BS)
± NMDC along with two other companies has submitted a US$230mn non-binding bid to buy 70% stake in an Australian mine owned by Perth-based Atlas Iron. (BS)
± NMDC plans Rs240bn capex for next 5 years. (BL)
Pre Market Commentary ..
A bright Monday morning is in the offing as the bulls seem to be in a mood to trespass 5100 comfortably and not be prosecuted. Friday’s smart gains in the US following an encouraging jobs report and higher Asian markets will do the needful as far as opening gains are concerned. European stock benchmarks have also posted healthy gains.
Remaining comfortable above 5100 remains a challenge; but given the momentum in recent times flirting with 5200 seems on the cards shortly. On the downside, 5000 remains a good short-term support.
Overall sentiment has improved slightly post the better than expected Budget. However, in the near term, the market could face some resistance at higher levels. Valuations are not cheap and uncertainties persist on the external front.
On the macro front, things are shaping up well, but much will hinge on how the monsoon unfolds. Concerns over inflation and its fallout on the monetary policy will continue to play on investors’ minds.
Among the factors that could add to the positive sentiment today is the announcement that SEBI has decided, in principle to allow the Stock Exchanges to introduce physical settlement of equity derivatives. However, it has not set any specific timeline for launching the same. The capital market regulator also permitted the Stock Exchanges to introduce equity derivatives contracts with tenures up to 5 years, besides allowing them to introduce derivative contracts on volatility indexes with a suitable track record.
Buy DLF for target 335 plus
FIIs were net buyers in the cash segment on Friday at Rs9.13bn on a provisional basis while the local funds were net sellers of Rs6.61bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs1.58bn. On Wednesday, FIIs were net buyers of Rs6.92bn in the cash segment. Mutual Funds were net sellers at Rs3.51bn on the same day.
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