Welcome to - " www.NorthPOLE77.com ": 30 May 2010

Friday, June 4, 2010

सेन्सेक्स (17117.69) 95.36 अंक चढ्कर, नीफ़्टी (5135.50) 25.00 अंक चढ्कर, बंद..

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STAR call:

Buy Patni at Rs 590
for delivery with SL of Rs 583

High risk traders Short Nifty June Futures at 5120 with SL of 5135 for Target of 5090

High risk traders

SELL NIFTY... with strict sl
intraday call .................

European markets update: FTSE Index up 0.3%, CAC Index up 0.4% and DAX Index up 0.5%

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GOLD call:

Buy Dish TV at Rs41.50 with SL
of Rs39 for target of Rs46

Short ONGC June Futs at Rs1214 with SL of Rs1224 for target of Rs1190

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Short Nifty June Futs at 5080 with SL of 5100 for target of Rs5040

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Sector Watch

Banking, Auto, FMCG,

Oil Marketing Co.,

Oil & Gas & ADAG Group Stocks

Markets in consolidation phase

Mid-Small cap Stocks may out perform

Hindustan Unilever to consider buy-back proposal. (BS)

Aurobindo Pharma gets US FDA nod for Ceftazidime injections. (BS)

United Phosphorus buys global fungicide business of US based Du-Pont. (BL)

SpiceJet international plans are delayed by three months. (BS)

Moser Baer plans to add 30-40mw of photovoltaic capacity by March 2011. (BS)

GMR Energy to raise Rs4.65bn for its energy expansion plans. (BS)

Godrej Consumer Products is planning a QIP issue to raise Rs6-7bn to fund proposed acquisitions. (BS)

NMDC plans Rs92bn steel plant in Karnataka. (BL)

Thursday, June 3, 2010

सेन्सेक्स (17022.33) 280.49 अंक चढ्कर, नीफ़्टी (5110.50) 90.65 अंक चढ्कर, बंद..

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India to spend $1.7trillion on infrastructure over 10 years

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European markets update: FTSE Index up 1.64%, CAC 2.46% and DAX Index up 1.89% each

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India food inflation rate was 16.55% in week ended May 22

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HINDC0PPAR

Target Achived at 489,490++

FIIs were net sellers of Rs1.66bn in the cash segment on Wednesday on a provisional basis, according to the NSE data. The local institutions were net buyers at Rs1.65bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs12.33bn. On Tuesday, FIIs were net sellers at Rs4.73bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs133mn on the same day.

Sector Watch: Realty, Steel & Banking

Sector Avoid: Metal, Realty, Telecom, Banking, Fin. Stocks

Market to open 100 to 150 points up

Profit booking is likely on higher level

Pre Market Ideas

MORNING CALL,
BUY and HOLD
HIND COPPAR

Corporate Snippets

NTPC is set to acquire controlling interest in a 720mn tone coal field in Australia in a deal valued at US$1-1.5bn, which will enable it to fire about 3,500MW of power capacity. (ET)

RIL revives plan to build a multi-billion-dollar chemical plant. (ET)

Sun Pharma rejects Guggenheim Partners’ US$215mn offer for Taro stake. (ET)

RIL’s hunt for more hydrocarbons on India's East coast could slow as the company's drilling programme in the region is facing delays due to ‘unresolved mechanical' issue in the rig hired from Transocean. (BL)

Wednesday, June 2, 2010

सेन्सेक्स (16741.84) 169.81 अंक चढ्कर, नीफ़्टी (5019.85) 49.65 अंक चढ्कर, बंद..

European markets update: FTSE Index down 1.5%, CAC Index down 1.1% and DAX Index down 1.2%

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Market to observe flat to positive

opening

Overall volatile session

Pre Market Ideas

BUY and HOLD

RNRL

BUY and HOLD
RELINFRA

Corporate Snippets

After 19 months of announcing a relocation of the Nano plant from Singur in West Bengal to Sanand in Gujarat, Tata Motors is set to roll out the world's cheapest car from its new abode. (BL)

Japanese auto major Nissan Motor Company today said it may partner with Hinduja Group flagship firm Ashok Leyland for launching a global compact car in India. (ET)

Macquarie-SBI was in advanced negotiations with GMR Infra to invest US$100mn in the latter’s airports division. (BS)

NTPC’s Kaniha power plant is presently reeling under a super critical condition, with coal stock of about 0.2mt which would last for only three days. (BS)

Singareni Collieries Company Limited, which is setting up a 600MW in Jaipur mandal of Adilabad district, would place orders for the power plant equipment from BHEL in July. (BS)

Pre Market Commentary ...

A man who has committed a mistake and doesn't correct it, is committing another mistake.-Confucius
As if the world and its worries were not enough, a freak trade in Reliance Industries took place which saw the index heavyweight plunge to Rs840.55 during the day. Later, there was a freak rumor too on a business channel with the name India Infoline, which unlike the trade got corrected immediately.

The bulls may find some relief this morning as the market gets off to a flat start.
India’s exports increased by 36.2% to US$16.8bn in April, the sixth consecutive month of growth. Auto numbers have been very encouraging in May.
Better-than-expected readings on the US economy failed to cheer the main US indices. The weakness was attributed to slower manufacturing growth in China besides reports that Israel's aircraft were targeted by Lebanese anti-aircraft guns. BP shares fell 15% as it battles with the worst oil spill in US history.

The euro, which has been at the receiving end flirted with fresh four-year lows of US$1.21. The yen weakened after Japanese Prime Minister Yukio Hatoyama said he would resign in eight months. The Bank of Canada raised rates and chances are New Zealand would do the same next week.