Thursday, February 26, 2009
Trail SL in Reliance Capital March Futs to Rs371 now
SELL HDFC Bank March Futs between Rs840-845 with SL of Rs860 for target of Rs815, 810
High risk traders short Reliance Capital March Futs at Rs374-371 with SL of Rs382 for target of Rs360, 355
Sell SBI March Fut at Rs1012 with SL of Rs1029 for target of Rs980
Pri Market Commentary ..
Today’s inflation figures and Friday’s Q3 GDP report will be keenly followed. While inflation will moderate further the GDP for Oct-Dec quarter is likely to come in at around 6-6.5%. For the whole year, the government sees GDP growing at 7.1%. The Government is also slated to unveil an interim trade policy today. Exporters, especially those hit by the global downturn may get some additional sops.
Coming to today’s market, we expect the key indices to open with a positive bias, but may run out of steam later. Considering today’s F&O expiry, we do not rule out increased intra-day gyrations. US stocks closed lower overnight while their counterparts in Europe advanced. Asian markets are mixed this morning.
Suzlon Energy
Shares of Suzlon Energy surged by over 2.5% to Rs41.3 after the company announced that, Suzlon Energy Australia Pty Ltd., a step-down wholly owned subsidiary of the company entered into an agreement with AGL Energy Ltd for supply of 54 units of Suzlon's S88-2.1 MW wind turbine generators translating to 113.4 MW capacity in Australia in 2009. The scrip touched an intra-day high of Rs42.6 and a low of Rs41 and recorded volumes of over 62,00,000 shares on BSE.
DLF
Shares of DLF slipped by 1.7% to Rs154 after the government
said that it was examining a special audit report for the assessment year 2006-2007. Some housing companies have isstated income and profits, the minister said today. The scrip touched an intra-day high of Rs162 and a low of Rs153 and recorded volumes of over 72,00,000 shares on BSE.
Positive & Nagative Breakouts
Lupin
Tata Motors
Siemens India
Grasim Ind
Tata Tea
Negative Breakouts
MTNL
Ranbaxy Labs
Hero Honda
Adlabs Films
Nifty (2755) Sup 2700 Res 2795
Pre Market Ideas !!
Pre Market Intraday Ideas !!
FIIs were net sellers in the cash segment on Wednesday at Rs3.84bn
Wednesday, February 25, 2009
सेन्सेक्स (8902.56) 80.50 अंक चढ्कर, नीफ़्टी (2762.50) 28.60 अंक चढ्कर, बंद..
High risk traders short Colgate Feb Futs between Rs448-446 with SL of Rs454 for target of Rs437, 435
European markets update: FTSE Index up 1% and DAX Index up 1.5% and CAC Index up 1.6%
Our ONGC is going strong at Rs699, trail SL to Rs690 now
Welspun Gujarat wins order worth Rs500cr
High risk traders buy & hold BHEL between Rs1378-1385 with SL of Rs1360 for target of Rs1415, 1425
Buy & hold Kotak Bank between Rs254-256 with SL of Rs247 for target of Rs266, 268
Suzlon bags 113MW order from Australia
High risk traders buy & hold ONGC between Rs687-691 with SL of Rs676 for target of Rs708, 714
Sell Divis Lab Feb futs at Rs824-820 with SL of Rs835 for a target of 798
Trand Ideas ..
Below 2778 level ,It will be in Bearish trend is suggested with SL @ 2781 for the Support @ 2727 - 2709 - 2688 levels ;
Regarding Positive trend is suggested @ the level of 2781 with SL @ 2778 for the Target @ 2799 > 2808 > 2820 levels ;
Pre Market Ideas !!
Buy Essar Oil
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Pre Market Intraday Ideas !!
Buy Maruti
Buy Gtl Infra
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Pri Market Commentary ..
Today, we expect the market to continue Tuesday’s pull-back, as global markets are in buoyant mood. US stocks rallied overnight after Monday mayhem. But, European indices fell for a fifth session in a row. Asian markets are up 1-3% this morning.
The new stimulus plan doesn’t guarantee an immediate rebound in economic activity and partly hinges on the recovery in key global economies. Better late than never, that’s what we would like to call the rather belated announcement on the latest fiscal booster shot.
There is scope for a brief rally if India Inc passes on the benefit of cuts announced by the government. The RBI’s much-anticipated rate cuts will provide a temporary booster too.
ICICI
Shares of ICICI Bank erased early losses and ended flat at Rs335. The stock hit an intra-day high of Rs340 and a low of Rs318 and recorded volumes of over 49,00,000 shares on BSE.
ONGC
Shares of ONGC gained by a percent to Rs680. The scrip touched an intra-day high
of Rs686 and a low of Rs656 and recorded volumes of over 1,00,000 shares on BSE.
Positive & Nagative Breakouts
Maruti Suzuki
Bajaj Auto
Colgate-Palmoliv
DLF
Grasim Ind
Infosys Tech
Hindustan Zinc
Reliance Power
BHEL
Ambuja Cement
FIIs were net sellers in the cash segment on Tuesday at Rs4.31bn
Tuesday, February 24, 2009
सेन्सेक्स (8822.06) -21.15 अंक गिरकर, नीफ़्टी (2733.90) -2.55 अंक गिरकर, बंद..
Long Gujarat Ambuja Cements March FUTS at Rs68 with SL of Rs64 for target of Rs73
European markets update: CAC Index down 0.8% and DAX Index down 0.7% and FTSE Index down 0.6%
High risk traders buy & hold LITL between Rs118-119 with SL of Rs114 for target of Rs130,132
Our first target completed in short call of HDFC Feb Futs, recommended on Friday
High risk traders buy & hold Maruti between Rs620-624 with SL of Rs612 for target of Rs640, 645
High risk traders short LIC Hous Finance Feb Futs between 199-197 with SL of Rs204 for target of Rs188, 186
High risk traders short PNB Feb Futs between 352-349 with SL of Rs357 for target of Rs338
Trail SL to Rs364 in our Fridays short recommendation of Reliance Capital Futs to cost now
Trail SL to cost in our Fridays short recommendation of DLF, HDFC, LT and Ster Futs to cost now
ABB
Shares of ABB bounced back sharply after the company posted a net profit of Rs1931.19mn for the quarter ended December 31, 2008 as compared to Rs1807.88mn for the quarter ended December 31, 2007. Total Income has increased from Rs18648.02mn for the quarter ended December 31, 2007 to Rs22170.05mn for the quarter ended December 31, 2008. Quarter ended result is unaudited.
The scrip rose by 1.6% to Rs399 after hitting an intra-day high of Rs405 and a low of Rs365 and recorded volumes of over 23,00,000 shares on NSE.
Buy ABB on dips for good short term returns, target 411.90 and plus
Asian markets are already deep in the red, with the Nikkei in Tokyo and the Hang Seng in Hong Kong down well over 2.5%. Overnight, the Dow and S&P 500 tumbled to levels not seen in nearly 12 years, as investors continue to worry that the government's efforts to slow the recession won't be sufficient.
Reports say economists expect a deeper recession in the first half of the year followed by a modest recovery in the second half and a bigger recovery in 2010. Housing, manufacturing and gross domestic product growth reports are expected in US this week.
Pri Market Commentary ..
Today, the Indian stock markets continue to perform as under-dogs and are waiting for a David Boyle to tell an old recycled story better. Piling impossibility on impossibility remains a hope for bulls as global cues continue to haunt Indian market. A gap-down opening is a given. Don’t buy hoping for a miracle immediately.
The little hope that market is expecting is some measure from the RBI. The Oscars have proved you don’t need a new story. It just has to be told well. As Rehman's score wins a double delight, the bulls are yearning to scream Jai Ho!
The F&O expiry will bring its moments of anxiety as bulls and bears brush each other in a narrow range. The way investors adjust to revised market lots for fresh month contracts could widen the range.
Satyam
Satyam erased gains and fell 1.4% to close at Rs45.5. The stock had earlier surged after the Company Law Board (CLB) on Thursday allowed Satyam Computer to sell a stake to a strategic investor via an open competitive bidding process.
Ashok Leyland
Shares of Ashok Leyland advanced by a percent to Rs15.41 after reports stated that the company would supply 500 more buses to Angola by March-end. The scrip touched an intra-day high of Rs15.5 and a low of Rs15.1 and recorded volumes of over 19,00,000 shares on NSE.
Pre Market Ideas !!
Positive & Nagative Breakouts
Colgate-Palmoliv
Maruti Suzuki
BPCL
Ashok Leyland
DLF
Negative Breakouts
HDFC Bank
Tata Power
Jindal Saw
Cairn India
Sun Pharma
Pre Market Intraday Ideas !!
Sell HDFC
Nifty (2736) Sup 2650 Res 2770
Saturday, February 21, 2009
The Secret - The Secret Law of Attraction
Indian Share Markets
To Remain Shut on
MONDAY Due To
MAHASHIVRATRI
Friday, February 20, 2009
सेन्सेक्स (8843.21) -199.42 अंक गिरकर, नीफ़्टी (2736.45) -52.90 अंक गिरकर, बंद..
European shares drop sharply in early trading with FTSE Index down 2.2%, CAC Index down 2.5% and DAX Index down 2.6%
SELL Siemens March Fut at Rs214 with SL of Rs220 for target price of Rs202
High risk traders short Reliance Capital Feb Futs between Rs372-368 with SL of Rs379 for target of Rs355, 351
High risk traders short DLF Feb Fut at Rs138 with SL of Rs145 for target price of Rs125
High risk traders short HDFC Futs between Rs1375-1366 with SL of Rs1415 for target of Rs1290, 1270
US stocks slipped on Thursday, with the Dow Jones Industrial Average touching a six-year low
Trail SL to cost in yesterdays short recommendation of L&T Futs, down by 3%
Castrol India and Gujarat State Petronet will declare their results today.
Pri Market Commentary ...
Today, we expect some softening after last week’s stellar gains. The bulls and most investors may been happy with last week’s gains. For the month, US stock indices (except Nasdaq) had their worst January on record, with the Dow losing 8.8%. Back home though, the Sensex and the Nifty fell by 2-3% in January. Still, one should not allow complacency to set in, as the outlook remains bleak. Much of the fears, relating to the health of the western financial systems and its global ramifications are still in place. A raging debate is underway on whether a bad bank be created to take toxic debt from troubled banks. While US President Barack Obama seems to be in favour of the plan, others like Joseph Stiglitz bag to differ.
Obama’s much-hyped new stimulus is also facing stiff opposition from Republicans. Senate will take up the bill this week.Global markets will be on edge this week ahead of monthly US jobs data. No big events are due in India for the time being. Politics will dominate headlines over the next few months.Markets might drift lower in the coming week with the US economy contracting at the fastest pace in nearly three decades in the fourth quarter of last year sentiments continue to remain weak.
BHEL
Shares of BHEL declined by over 2.5% to Rs1320 after the company posted a net profit of Rs7.90bn for the quarter ended December 31, 2008 as compared to Rs7.71bn for the quarter ended December 31, 2007.
Jindal Steel & Power
Shares of Jindal Steel & Power surged by over 13% to Rs1037 after the company posted a net profit of Rs3251.7mn for the quarter ended December 31, 2008 as compared to Rs3190.5mn for the quarter ended December 31, 2007.
Nifty (2789) Sup 2730 Res 2820
Pre Market Ideas !!
Positive & Negative Breakouts
GSPL
National Alumin
Ranbaxy Labs
Patni Computer
ITC
BHEL
Suzlon Energy
Sun Pharma
GAIL India
Ashok Leyland
Pre Market Intraday Ideas !!
Thursday, February 19, 2009
सेन्सेक्स (9042.63) 27.45 अंक चढ्कर, नीफ़्टी (2789.35) 13.20 अंक चढ्कर, बंद..
Our target completed in short recommendation of McDowell Futs given yesterday
European markets update: FTSE Index up 0.5%, DAX and CAC Index up 0.4%.
Our sell call on Tata Comm Feb Futs trading strong close to target
Pri Market Commentary ...
Given the uncertain backdrop and gloomy macro-economic scenario, we don’t see the Indian market making much headway in the near term. A sideways movement within a range of a few hundred points (on Nifty) appears more likely. There is no clear direction until we get fresh news-flow (bad or good) either locally or globally. Inflation data will be out later today, and a further slide in it is a given. However, it may not have a big impact on sentiment.
Pre Market Intraday Ideas !!
Pre Market Ideas !!
Nifty (2776) Sup 2735 Res 2810
Reliance Industries
Reliance Power
Shares of Reliance Power slipped 0.4% to Rs100. Reports stated that the company
was looking to start construction work at Butibori next week. The scrip touched an intra-day high of Rs102.6 and a low of Rs98 and recorded volumes of over 8,00,000 shares on BSE.
Positive & Nagative Breakouts
BPCL
Glaxosmithkline
Hero Honda
ACC
Satyam Computer
Negative Breakouts
Reliance Petro
RNRL
TCS
RNRL
Wednesday, February 18, 2009
सेन्सेक्स (9015.18) -19.82 अंक गिरकर, नीफ़्टी (2776.15) 5.65 अंक चढ्कर, बंद..
European Market Update: FTSE down 1.1% , DAX down 1.3% and CAC down 0.8% . Dow Futures up 28 points
High risk traders: Short Hero Honda at Rs935-932 with a SL of Rs947 for a target of Rs910,905 in 2-3 days
Sell Century textile Feb Fut at Rs156-155 with SL of Rs160 for target price of Rs145
Long Nifty Strangle Strategy : Long 2700 Put @ Rs 38 or less and Long 2800 Call @ Rs 44 or less . Cost of strategy will be Rs 82 or less and will mak
Our sell Mcdowell Feb Futs trading strong, book partial profit
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High risk traders: Short Mcdowell Feb Futs at Rs612-608 with a SL of Rs627 for a target of Rs580,575
Sell Divis Lab Feb Futs at Rs885-880 with a SL of Rs912 with a target of Rs830,822 in 2-3 Days
Asian Market Update: Nikkei down 1.81%, Hang Seng down 1.6% and Shanghai composite down 2.7%
Nifte range at 2704 to 2817
Intraday below 2777 level, It will be in Bearish trend. Selling is suggested with SL of 2789 level for the target of 2724 to 2704 levels; Regarding POSITIVE TREND, Buying is suggested at level of 2789 with SL of 2774,
Target at 2804 to 2817 levels.....!!!
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