no worry for delivery clients
Saturday, May 29, 2010
Hold / BUY our delivery call RIL target 1100, 1135 ++
no worry for delivery clients
Friday, May 28, 2010
European markets update: FTSE Index up 0.3%, CAC and DAX Index up 0.2% each
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
High risk traders short Nifty June Futs at 5013 with SL of 5030 for Target of 4980
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Results Today:
3M India, Ackruti City, Adhunik Metaliks, Anant Raj Inds, Apollo Hospitals, Apollo Tyres, Asian Paints, Bank of Rajasthan, BEML, BGR Energy, Den Networks, EIH, Emami, Fortis Healthcare, Glenmark Pharma, HDIL, IBN18 Broadcast, IOC, IPCA Labs, JP Infratech, Kalpataru Power, Kingfisher Airlines, ONGC, PNB, Punj Lloyd, PVR, Reliance Media, Rico Auto, SAIL, Sun TV, Swaraj Mazda, Trent, TV18, Unitech, Unity Infra, Voltas and WWIL.
Corporate Snippets
Infosys looking at acquisition of the size US$500mn. (BL)
NTPC-BHEL venture is mulling technology tie-up with global companies. (BL)
Tata Steel to increase stake in Canada mining firm, New Millennium Capital Corp. (BS)
The Government may give preference in gas allotment to power projects of the ADAG Group if RIL picks up equity stakes in them. (ET)
GM has snapped its partnership with Reva and will roll out electric cars on its own after it was acquired by M&M. (ET)
Promoters of Tata Steel may invest Rs1.33bn, a move that would increase the promoters holding by 3% to 38%. (ET)
NTPC-BHEL venture is mulling technology tie-up with global companies. (BL)
Tata Steel to increase stake in Canada mining firm, New Millennium Capital Corp. (BS)
The Government may give preference in gas allotment to power projects of the ADAG Group if RIL picks up equity stakes in them. (ET)
GM has snapped its partnership with Reva and will roll out electric cars on its own after it was acquired by M&M. (ET)
Promoters of Tata Steel may invest Rs1.33bn, a move that would increase the promoters holding by 3% to 38%. (ET)
Pre Market Commentary ...
The hungry bulls will look at lapping up whatever comes their way. Value and rationale could take a backseat. The scary rollercoaster ride of the previous few sessions will take a break, as risk aversion has subsided somewhat after China dismissed a report saying it was mulling paring its holding of European bonds. This helped spark a world-wide rally in equities and commodities. The euro too rebounded while gold dipped and the VIX – Wall Street’s fear gauge – dropped below 30 after surging past 44 not too long ago.
After long, we have a bright morning to start with as we stare at a gap-up opening and hopefully another day of solid gains. Asian markets are upbeat following the overnight bounce in the US as well as European markets. Still, it would be foolhardy to take the recent pull-back in stocks as a decisive turnaround and start buying aggressively. The problems in Europe and other advanced economies have not vanished. So, one expects the volatility to persist for some time to come owing to uncertainty about the global picture.
What we are witnessing lately is more of a relief rally from the lows hit in the current intermediate downtrend. This advance has to sustain for a while to restore investor confidence. Also, FIIs - who have been net sellers for quite some time - have to resume their buying spree. Even prior to the current falls, the Indian market had struggled to break out of a range. We have to see whether this time is different and the key indices will head higher after dust settles on the euro-zone debt crisis.
After long, we have a bright morning to start with as we stare at a gap-up opening and hopefully another day of solid gains. Asian markets are upbeat following the overnight bounce in the US as well as European markets. Still, it would be foolhardy to take the recent pull-back in stocks as a decisive turnaround and start buying aggressively. The problems in Europe and other advanced economies have not vanished. So, one expects the volatility to persist for some time to come owing to uncertainty about the global picture.
What we are witnessing lately is more of a relief rally from the lows hit in the current intermediate downtrend. This advance has to sustain for a while to restore investor confidence. Also, FIIs - who have been net sellers for quite some time - have to resume their buying spree. Even prior to the current falls, the Indian market had struggled to break out of a range. We have to see whether this time is different and the key indices will head higher after dust settles on the euro-zone debt crisis.
Thursday, May 27, 2010
सेन्सेक्स (16666.40) 278.56 अंक चढ्कर, नीफ़्टी (5003.10) 85.70 अंक चढ्कर, बंद..
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
OUR INTRADAYDAY TRADING STRONG
SELL NIFTY GIVEN SELL
AT 4960 NOW TRENDING at 4943 hold
FOR NEXT
4933, 4925
BELOW
AT 4960 NOW TRENDING at 4943 hold
FOR NEXT
4933, 4925
BELOW
INDUSINDBK BANG ON TARGET ........................................188++
Our call INDUSINDBK AT 188.35 TARGET ACHIVED, BOOK PROFIT
European markets update: FTSE Index up 1%, CAC Index up 0.8% and DAX Index up 0.9%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
FIIs were net sellers of Rs14.64bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net buyers at Rs4.06bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs10.38bn. On Monday, FIIs were net sellers of Rs8.82bn in the cash segment, according to the SEBI data.
Corporate Snippets
Reliance Industries-RNRL to present gas supply agreement to government in two weeks. (ET)
Reliance Industries may consider buying minority stake in gas-based power plant of Reliance Power. (ET)
Mahindra & Mahindra buys majority stake in electric car maker Reva. (ET)
Bombay High Court refuses to stay state government order asking Tata Power to supply 360MW to Reliance Infra. (ET)
Reliance Industries has suspended drilling of a well in K-G Basin using a rig hired from Transocean. (BS)
IVRCL bags an order worth Rs5.67bn. (BS)
Reliance Industries may consider buying minority stake in gas-based power plant of Reliance Power. (ET)
Mahindra & Mahindra buys majority stake in electric car maker Reva. (ET)
Bombay High Court refuses to stay state government order asking Tata Power to supply 360MW to Reliance Infra. (ET)
Reliance Industries has suspended drilling of a well in K-G Basin using a rig hired from Transocean. (BS)
IVRCL bags an order worth Rs5.67bn. (BS)
Pre Market Commentary ...
A bounce back is on the cards at start, thanks largely to a late session rebound on Wall Street. But then remember, bouncing is more like crashing….except you get to do it over and over again. Asian markets are mostly positive, barring the Kospi in Seoul, which is still reeling under the geopolitical tension. The European markets failed to benefit from the recovery in US stocks and ended sharply lower. In fact, markets in Italy, Portugal and Ireland joined Spain and Greece in bear-market territory. The FTSE 100 closed below 5,000.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
Wednesday, May 26, 2010
European market update: FTSE index up 1.19%, CAC index up 1.74%, DAX index up 1.14%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Results Today:
Asian Hotels, Bajaj Electricals, Bank of India, BHEL, Cinemax, Dalmia Cement, Emco, Ess Dee Aluminium, Everest Kanto, Godrej Industries, Gujarat Alkalies, GMDC, GNFC, HPCL, Indian Hotels, Mphasis, Mukand, Northgate Tech, Oil India, REI Agro and Tata Steel.
Pre Market Commentary ...
A bounce back is on the cards at start, thanks largely to a late session rebound on Wall Street. But then remember, bouncing is more like crashing….except you get to do it over and over again. Asian markets are mostly positive, barring the Kospi in Seoul, which is still reeling under the geopolitical tension. The European markets failed to benefit from the recovery in US stocks and ended sharply lower. In fact, markets in Italy, Portugal and Ireland joined Spain and Greece in bear-market territory. The FTSE 100 closed below 5,000.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
Corporate Snippets
Leading telecom operators, Bharti Airtel, Vodafone Essar and Idea Cellular withdrew their petition before TDSAT, challenging the recommendations of TRAI on 2G spectrum. (ET)
ONGC is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna-Godavari basin gas block. (FE)
The Orissa government has identified land for the solar power projects proposed by NTPC in the state. (BS)
Coal India has received preliminary expressions of interest from NTPC and Damodar Valley Corporation for import of approximately 5mn tons of coal in 2010-11. (BL)
DLF is planning to build a 90-storey tall super luxury housing project in Mumbai, which it estimates will fetch Rs150bn. (FE)
ONGC is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna-Godavari basin gas block. (FE)
The Orissa government has identified land for the solar power projects proposed by NTPC in the state. (BS)
Coal India has received preliminary expressions of interest from NTPC and Damodar Valley Corporation for import of approximately 5mn tons of coal in 2010-11. (BL)
DLF is planning to build a 90-storey tall super luxury housing project in Mumbai, which it estimates will fetch Rs150bn. (FE)
Tuesday, May 25, 2010
सेन्सेक्स (16022.48) -447.07 अंक गिरकर, नीफ़्टी (4806.75) -137.20 अंक गिरकर, बंद.
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
European market update: FTSE index down 2.48%, CAC index down 2.72% and DAX index down 2.60%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Bonus Issue : NRB Bearings Ltd
NRB Bearings Ltd has informed the market today that in the meeting thats going to be held on June 01 2010 they will consider issue of Bonus Shares.They have already declared a dividend of 2 rs .On the financial side N R B Bearings the profit of the company rose 3.69 times to Rs 9.3 crore from Rs 2.5 crore in the same quarter previous year.Net sales for the quarter for the quarter surged 53.54% to Rs 1,01.80 crore, while total income for the quarter jumped 54.40% to Rs 1,02.21 crore .It reported EPS of rs 1.92 a share during the quarter.
Hold / BUY our delivery call RIL target 1100, 1135 ++
Delivery clients can buy on dips...
no worry for delivery clients
no worry for delivery clients
NIFTY (4880) SUP (4820) REC (4930)
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Results Today:
Aban Offshore, Apar Industries, BOB, Deepak Fertilizers, Gujarat Industries Power, Hindustan Unilever, IL&FS Transportation, Jai Corp, JK Tyre, JM Financial, Jyothy Labs, Mercator Lines, NCC, NHPC, Power Grid Corp, Provogue, TN Newsprint, Tata Tea and Time Technoplast.
Corporate Snippets
Hindalco Industries plans to raise about Rs75bn of debt under the project finance route to achieve financial closure for Mahan Aluminium, its new factory project. (BS)
Standard Chartered Plc has raised around Rs3.7bn by roping in six anchor investors for its Indian Depository Receipt (IDR) issue. (BS)
Bharti Airtel raised Rs88bn from a six-year syndicated loan to pay for third-generation (3G) spectrum. (BS)
Bajaj Auto will continue to pursue its broad plans with the Austrian bike manufacturer KTM Power Sports AG, including a gradual increase of its stake in the performance bike making company. (BS)
BHEL has signed a memorandum of understanding with National Oil Well Varco, a US-based oil and gas drilling equipment firm, to build 35 AC (alternating current) deep land drilling rigs in phases. (BS)
Standard Chartered Plc has raised around Rs3.7bn by roping in six anchor investors for its Indian Depository Receipt (IDR) issue. (BS)
Bharti Airtel raised Rs88bn from a six-year syndicated loan to pay for third-generation (3G) spectrum. (BS)
Bajaj Auto will continue to pursue its broad plans with the Austrian bike manufacturer KTM Power Sports AG, including a gradual increase of its stake in the performance bike making company. (BS)
BHEL has signed a memorandum of understanding with National Oil Well Varco, a US-based oil and gas drilling equipment firm, to build 35 AC (alternating current) deep land drilling rigs in phases. (BS)
Pre Market Commentary ...
The bears seem to be at an advantage with the European debt crisis continuing to cast a shadow over global economic recovery. News of the Bank of Spain bailing out savings bank CajaSur is a stark reminder that not all is well with European banks.
The euro erased some of last week’s gains to slip over 1.5% against the dollar. US stocks too closed in the red after a choppy session. Asian markets are down sharply, led by the Nikkei in Japan. Stocks in China have turned lower after Monday’s big rally.
We expect our market to start lower amid weak global cues. Lesser the risk, lesser the loss seems to be the mantra for now as major world markets are trading below key technical support levels.
The whole of Europe is on an austerity overdrive. The UK too has unveiled spending cuts to rein in budget deficit. This will further delay a return to pre-Lehman era. Overall trend remains down but some pull-back is bound to come at lower levels. On Monday, the market opened higher but closed nearly flat.
Today being a Tuesday, a turnaround at the end of the day is not ruled out completely. The key is not to get carried away by any short-covering led bounce as the equity markets remain hostage to headline risk. Volatility will spurt this week owing to Thursday's F&O expiry.
The euro erased some of last week’s gains to slip over 1.5% against the dollar. US stocks too closed in the red after a choppy session. Asian markets are down sharply, led by the Nikkei in Japan. Stocks in China have turned lower after Monday’s big rally.
We expect our market to start lower amid weak global cues. Lesser the risk, lesser the loss seems to be the mantra for now as major world markets are trading below key technical support levels.
The whole of Europe is on an austerity overdrive. The UK too has unveiled spending cuts to rein in budget deficit. This will further delay a return to pre-Lehman era. Overall trend remains down but some pull-back is bound to come at lower levels. On Monday, the market opened higher but closed nearly flat.
Today being a Tuesday, a turnaround at the end of the day is not ruled out completely. The key is not to get carried away by any short-covering led bounce as the equity markets remain hostage to headline risk. Volatility will spurt this week owing to Thursday's F&O expiry.
Monday, May 24, 2010
Intraday:
Buy SESAGOA at 344
sl 340 TARGET 355,356,357
ALSO for 5 day delivery
target 377 ++
www.northpole77.com
sl 340 TARGET 355,356,357
ALSO for 5 day delivery
target 377 ++
www.northpole77.com
Northpole recommendations ..
1. Ambani brother's stock may be on focus
2. Indian rupee may show strength against USD
Buy Reliance Industries Ltd.with stop loss Rs 985 target Rs 1010, 1100 ++
Buy Reliance Natural Resources Ltd. with stop loss Rs 43 target Rs 54,64 ++Buy Jain Irrigation Systems Ltd with stop loss Rs 970 target Rs 990,1030 ++Buy Reliance Capital Ltd with stop loss Rs 640 target Rs 682, 704 ++Buy Reliance Power Ltd with stop loss Rs 135 target Rs 151, 177 ++
save this message...
VISIT US DAILY FOR FREE CALLS....
www.northpole77.com
VISIT US DAILY FOR FREE CALLS....
www.northpole77.com
RNRL : Our morning call on FIRE, upby Rs10, hold for target 60 ++ in 45days
RNRL : Our morning call on FIRE,
upby Rs10, hold for target 60 ++
in 45days
ITC : trading strong today high, at Rs.275
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
European market update: FTSE index up 0.91%, CAC index up 1.32%, DAX index up 0.69%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Hold / BUY our delivery call RIL target 1100, 1135 ++
Remember no jai no viru only dhiru!!Hold / BUY our delivery call
RIL target 1100,
1135 ++
Dividend announced for Record Date between May 21 2010 to June 3rd 2010
| Scrip Code | Scrip Name | Ex-Date | Purpose | Rs. |
| 532531 | Strides Arco | 5/21/2010 | Dividend | 1.5 |
| 500168 | Goodyear India | 5/24/2010 | Dividend | 7 |
| 532837 | Orbit Corp | 5/25/2010 | Final Dividend | 1.5 |
| 532491 | ECE Inds | 5/26/2010 | Right 1:1 | - |
| 500133 | Esab India | 5/26/2010 | Interim Dividend | 10 |
| 500209 | Infosys | 5/26/2010 | Dividend | 15 |
| 532388 | IOB | 5/26/2010 | Dividend | 3.5 |
| 500185 | Hindustan Const | 5/28/2010 | Dividend | 0.8 |
| 532366 | PNB Gilts | 5/28/2010 | Dividend | 1 |
| 504614 | Sarda Energy | 5/28/2010 | Dividend | 3 |
| 532760 | Deep Inds | 5/31/2010 | Dividend | 0.5 |
| 500339 | Rain Commodities | 5/31/2010 | Dividend | 3.7 |
| 505750 | Josts Engr | 6/1/2010 | Dividend | 10 |
| 532418 | Andhra Bank | 6/3/2010 | Dividend | 5 |
| 532544 | Indiabulls Fin | 6/3/2010 | Dividend | 5 |
| 532960 | Indiabulls Sec | 6/3/2010 | Dividend | 2 |
| 511218 | Shriram Trans | 6/3/2010 | Final Dividend | 4 |
| 532784 | Sobha Dev | 6/3/2010 | Dividend | 2.5 |
| 522087 | Sulzer India | 6/3/2010 | Dividend | 15 |
FIIs were net sellers of Rs15.4bn in the cash segment on Friday on a provisional basis, according to the NSE data. The local institutions were net buyers at Rs8.16bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs1.05bn. On Thursday, FIIs were net sellers of Rs7.1bn in the cash segment. according to the SEBI data.
Results Today:
Aegis Logistics, Astec Life Sciences, Bombay Dyeing, Canara Bank, Future Capital, GMR Infra, Hotel Leela, LMW, Madras Cements, Opto Circuits, Sun Pharma, Tata Chemicals, Tata Power and TV Today.
Corporate Snippets
Mukesh and Anil Ambani have cancelled all existing non-compete agreements between their groups, drawn-up during the Reliance re-organization in 2006. (BL)
Piramal Healthcare sells its domestic formulations business to US-based Abbott in a deal worth US$3.72bn. (BS)
DLF is in talks with Government of Singapore Investment Corporation, Abu Dhabi Investment Authority and Kuwait Investment Authority to sell majority stake in luxury hotel chain Aman Resorts. (BS)
Infosys is looking to bid for US-based Logica for ~Rs185bn. (BS)
Bank of Rajasthan shareholders to gain one share of ICICI Bank for every 4.72 shares of Bank of Rajasthan. (BS)
Jindal Power is looking to set up a hydro-power project in Nepal at an estimated cost of Rs15bn as part of its multi-billion dollar programme in the energy space. (BS)
Piramal Healthcare sells its domestic formulations business to US-based Abbott in a deal worth US$3.72bn. (BS)
DLF is in talks with Government of Singapore Investment Corporation, Abu Dhabi Investment Authority and Kuwait Investment Authority to sell majority stake in luxury hotel chain Aman Resorts. (BS)
Infosys is looking to bid for US-based Logica for ~Rs185bn. (BS)
Bank of Rajasthan shareholders to gain one share of ICICI Bank for every 4.72 shares of Bank of Rajasthan. (BS)
Jindal Power is looking to set up a hydro-power project in Nepal at an estimated cost of Rs15bn as part of its multi-billion dollar programme in the energy space. (BS)
Pre Market Commentary ...
Nearly five years after the big Reliance empire was split, the warring Ambani brothers have decided to bury the hatchet. The new peace deal in the Ambani family will surely prove to be a sentiment-booster for our market, which was starved of positive triggers. It’s a no-brainer that shares of the two Reliance groups will steal the limelight, although one is still not sure of the long-term impact of the truce. What’s more, Asian markets, barring Japan, are mostly positive. The good news is that the rally is being led by China, which has been the worst-performing market this year. A meeting of the China-US Strategic and Economic Dialogue takes place in Beijing until May 25. The strength of the Chinese currency is a likely topic.
Given the feel-good backdrop, we expect a firm opening and perhaps a positive finish too. If global cues remain supportive and there are no fresh mishaps, the markets will be able to regain some of the lost ground. Some risks may still persist mainly due to concerns about the European sovereign debt problems and possible overheating in China. In the immediate future, the key events to watch out for will be next week’s GDP report and progress of monsoon. A spate of global data points will also have to be factored in. The market may remain choppy owing to the F&O expiry on Thursday and continuing uncertainty over the euro-zone debt crisis.
Given the feel-good backdrop, we expect a firm opening and perhaps a positive finish too. If global cues remain supportive and there are no fresh mishaps, the markets will be able to regain some of the lost ground. Some risks may still persist mainly due to concerns about the European sovereign debt problems and possible overheating in China. In the immediate future, the key events to watch out for will be next week’s GDP report and progress of monsoon. A spate of global data points will also have to be factored in. The market may remain choppy owing to the F&O expiry on Thursday and continuing uncertainty over the euro-zone debt crisis.
Subscribe to:
Posts (Atom)
JOIN US!!
Send SMS for "STUDY" on 09825677777