Friday, August 19, 2011
5 Days Delivery Call
Buy And Hold "Jb Chempharm"
Target 172 plus,
Rs.40 Dividend declared, Buy on dips...
Target 172 plus,
Rs.40 Dividend declared, Buy on dips...
± Food inflation, as measured by the Wholesale Price Index (WPI), stood at 9.9% in the previous week. The rate of price rise of food items was 14.51% in the first week of August 2010.
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Market Commentary
Leadership
is in short supply. Whether it is about tackling corruption and
inflation in India, or fiscal troubles in the West, policymakers are
increasingly facing a market backlash. In short there appears to be a
crisis of confidence on every Street.
Forecast
for global growth, including that of India and China are being scaled
down to take into account ongoing economic problems. Even at relatively
lower levels, risk appetite is lacking; safety remains the primary
motive. This trend is unlikely to reverse in a hurry.
Equity
indices will tumble at start today, tracking the worldwide slaughter.
Volatility has soared and may stay elevated. Those who swear by
long-term investing and have the money could do some small purchases.
The rest can wait and watch for some confidence that we are not heading
into a bear market.
The
38.2% retracement support of the Nifty - from the lows of 2008 to 2010
highs –is at 4800. So, there is a chance of a bounce back from that
level. However, one must remain extra careful as these are rough times
for global markets.
SRS Ltd.
Price band declared Rs. 58 to 65
Tree House
Education Discovered price fixed at Rs. 135
Brooks
Laboratories Ltd. IPO finally subscribed 1.60 (average)
Shriram
city Union Fin.
Subscribed
more than Rs. 1500 Cr.
& closed on 13th august 2011
&
Likely
to list around 1020 to 1030
For
Further information scroll to primary market
Thursday, August 18, 2011
Market Commentary
Heave
a sigh of relief. Some compromise has been reached as far as Anna
Hazare is concerned. He will probably walk out of Tihar Jail today as
has reportedly agreed to fast for a fortnight at Ramlila Maidan.
Attention
can now move to other things. After a few tumultuous sessions, the
markets seem to be going through a usual consolidation phase that
follows any big correction. The trend may persist for a while before the
fog clears up a bit. For now, one must continue to tread cautiously as
volatility is not likely to go away in a jiffy.
The
start today looks pretty muted amid mixed offshore cues. The
proceedings for the remainder of the session could be choppy and will be
partly at the mercy of overseas markets. Weekly food inflation data
will be on investors’ radar after last week’s big spike.
The
aura around Reliance has been missing for a long time and Coal India
has now raced past RIL to emerge as the country's largest company in
terms of market cap.
SRS Ltd.
Price band declared Rs. 58 to 65
Tree House
Education Discovered price fixed at Rs. 135
Brooks
Laboratories Ltd. IPO 2nd day subscribed 0.26 (average)
Shriram
city Union Fin.
Subscribed more
than Rs. 1500 Cr. & closed on 13th
august 2011
&
Likely
to list around 1020 to 1030
For
Further information scroll to primary market
Wednesday, August 17, 2011
± Gross fiscal deficit rose to 9.41% of GDP during 2009-10, but was projected to decline to 7.20% in 2010-11. (BS)
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Join profit making community...Today!"
Market commentary
The
UPA regime seems to running out of ideas. Parliament comes to a
standstill. Anna Hazare has refused to leave Tihar jail even though he
has been released by the authorities. In short, the UPA vs. Anna battle
could be a protracted affair. The demand for a strong anti-graft bill
seems to be finding popular backing for now.
As
for the market, the rise in political temperature in the capital may
not have a major impact on sentiment. What could affect the mood is
lingering worries over the deteriorating external environment,
particularly in the US and the eurozone.
The
outcome of a meeting between German and French leaders has not gone
down too well with the markets. Data showing stagnation in Germany also
soured the sentiment in European markets. US stocks pulled back after a
three-session rally. Asian markets are mixed.
Back
home, inflation slowed in July, but a rate hike is still likely on Sept
16. Nifty is currently trading near the psychological support of 5000
and a closing below it could take it down to 4750-4800 in the near term.
SRS Ltd.
Price band declared Rs. 58 to 65
Tree House
Education Discovered price fixed at Rs. 135
Brooks
Laboratories Ltd. IPO 1st day subscribed 0.08 (average)
Shriram
city Union Fin.
Subscribed
more than Rs. 1500 Cr.
& closed on 13th august 2011
&
Likely
to list around 1020 to 1030
For
Further information scroll to primary market
Tuesday, August 16, 2011
Buy Stock on dips..
Stock
|
CMP (Rs)
|
Target (Rs)
|
Axis Bank
|
1,209
|
1,575
|
Hindalco
|
151
|
202
|
ICICI Bank
|
940
|
1,275
|
ITC
|
198
|
232
|
Lupin
|
453
|
520
|
M&M
|
740
|
820
|
Manappuram
|
53
|
77
|
Tata Motors
|
801
|
1,025
|
TCS
|
951
|
1,180
|
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