Pre Market Intraday Call !!

Buy Rel Cap

Buy Tata Steel

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ICICI Bank has reduced its auto loan floating interest rate by 50bps to 10.75-11%. (FE)

Reliance Capital to enter into Investment Banking business. (FE)

RIL says cant stick to gas pacts due to government policy. (FE)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


ICICI BANK
DIVIS LABS
GLENMARK PHARMA
MNM
WEL GUJ


NEGATIVE BREAKOUTS


PATNI
INFOSYS
WIPRO
RNRL
RPOWER

FIIs were net sellers in the cash segment on Thursday

FIIs were net sellers in the cash segment on Thursday at Rs3.76bn on a provisional basis. The local funds pulled out Rs208.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.09bn. On Wednesday, FIIs were net buyers of Rs7.73bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.8bn.

NIFTY (5002) SUP 4902 RES 5102

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सेन्सेक्स (16843.54) 36.88 अंक चढ्कर, नीफ़्टी (5002.25) 16.50 अंक चढ्कर, बंद..

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Government approves Hike In Mills Sugar Levy Quota to 20%

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European markets update: FTSE Index up 1%, CAC Index up 1.5% and DAX Index up 1.3%

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India Inflation for the week ended Sept 26 was at 0.7%

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TATA STEEL : Our morning call trading strong, 3% up BOOK PROFIT

BANG ON TARGET

Reliance: Our short term delivery call trading strong, HOLD for one year for 3500 target

Delivery Call : Buy Reliance at 2150-2160 Tgt 3450.Hold for 365 Days.

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No Jai No Viru, Only DHIRU - ONLY VIMAL...VIMAL

After 12 years, RIL has decided to reward its shareholders with a generous 1:1 bonus. The move is to boost up investor confidence, which had slackened following pending litigations with RNRL and NTPC. The recent treasury stock sale by RIL had also raised some concerns on valuations. It’s a no-brainer that the stock will open higher. While the stock is expected to remain firm in the near term, the question is whether one should sell or stay invested. The key indices will benefit from a firm RIL as the stock is an index heavyweight.



While the market will open higher, the overall mood will be determined by the trend in global markets. Most players are keenly awaiting the latest batch of quarterly numbers to take a broader call. Since valuations are not cheap, exercise some restraint. Even if earnings season turns out to be a strong one, spend some time weighing the risk-reward ratio. IT stocks which saw some sell-off will look for cues from Infosys tomorrow.



Expect volatility with a positive bias.

Pre Market Ideas !!

Buy ZEEL

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Pre Market Intraday Call !!

Buy STER

Buy Tata Steel

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Tata Motors is expected to produce around 40,000 Nanos this fiscal and increase it four-fold to over 170,000 units during FY11. (BL)

TCS to tweak currency strategy on Rupee swings. (ET)

Tata Steel has reported 19% increase in sales volumes in Q2 FY10. (ET)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


BAJAJ HIND
GLENMARK PHARMA
IDBI BANK
CIPLA
ITC


NEGATIVE BREAKOUTS


MPHASIS
RPOWER
PETRONET LNG
TATA TEA
GE SHIPPING

FIIs turned net buyers in the cash segment on Wednesday

FIIs turned net buyers in the cash segment on Wednesday at Rs6.34bn on a provisional basis. The local funds were also net buyers of Rs3.02bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs8.02bn. On Tuesday, FIIs were net buyers of Rs314mn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.6bn.

NIFTY (4985) SUP 4885 RES 5085

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सेन्सेक्स (16806.66) -151.88 अंक गिरकर, नीफ़्टी (4985.75) -41.65 अंक गिरकर, बंद..

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Jindal Saw to consider stock split on October 15

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Pre Market Commentary ...

Today, after the Monday Mayhem, we witnessed a classic Tuesday Turnaround. The rebound was largely led by short covering and buying in defensives like FMCG shares. Derivative indicators show that 4900 will remain a key short-term support. So what’s up on Wednesday? We expect to see a firm start as most world markets are up smartly. Commodities have too resumed their northbound journey while the dollar is getting pummeled.

Trading screens have turned green again after the recent retreat that had seen indices pull back from multi-month highs. In the near-term, the Indian market will swing to the beats of the global cues and earnings. Overall trend appears positive though volatility will remain elevated. Australia has already blinked by raising rates.

The RBI chief too has been talking of an exit from the accommodative monetary stance. Watch out for the mid-term policy review. Inflation will continue to have a bearing on equities and interest rates are also set to harden. Quite a few have lately cautioned on the sharp run-up in stocks and even commodities, citing a fragile recovery in the advanced economies.

JSW Steel’s production rose 54% to 1.5mn tons in Q2 FY10 on robust demand. (FE)

Reliance Industries threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the acute shortage of rigs. (FE)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


HDFC BANK
MNM
GLENMARK PHARMA
ULTRATECH CEMENT
COLGATE


NEGATIVE BREAKOUTS


GVK POWER
GODREJ IND
ESSAR OIL
JP ASSO
TATA TEA

FIIs were net sellers of Rs1.57bn in the cash segment on Tuesday

FIIs were net sellers of Rs1.57bn in the cash segment on Tuesday on a provisional basis. The local funds were net sellers of Rs7.67bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5.88bn. On Monday, FIIs were net sellers of Rs2.37bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.6bn.

Pre Market Ideas !!

Buy JSW Steel

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Pre Market Intraday Call !!

Buy RIL

Buy ABAN

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NIFTY (5027) SUP 4927 RES 5127

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सेन्सेक्स (16958.54) 92.13 अंक चढ्कर, नीफ़्टी (5027.40) 24.20 अंक चढ्कर, बंद..

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

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Bharti Airtel enters into strategic partnership with Cisco

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Suzlon wins 57MW repeat order from Turkish company

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ITC : Trading strong this morning at 245.55, hold for post diwali

ITC : Hold our Short term delivery call.

HOLD IT...

Pre Market Commentary ..

Today,the market could turn choppy though, as investors eagerly await the report card from India Inc. and Global Inc. The best strategy to beat the near-term blues would be to take each day as it comes, especially for companies announcing their results. Arguments and debates may continue on how genuine the turnaround has been. But what a difference a day makes! If Monday blues had the bulls running for cover, looks like Tuesday will witness a complete turnaround. We expect a higher start owing largely to the firm trend across global markets.


The underlying trend in the market is still positive despite some reversal in the last few sessions. The sentiment could be hurt by less than spectacular results and economic data. That is particularly the case after the kind of rally we have enjoyed over the past six and a half months. Other big event to watch will be the RBI’s half-yearly policy review. It is most likely to set the tone for the central bank’s moves on interest rates going ahead.

NIFTY 4977 - 5073

BELOW @ 5029 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 5037 level

for the target @ 4990 to 4977 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 5037 with SL of 5029

Target @ 5061 to 5073 levels.....!!!

Pre Market Ideas !!

Buy HDFC BANK

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Pre Market Intraday Call !!

Buy RIL

Buy IOC

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Radico Khaitan to seek shareholders approval to raise Rs3.8bn by share sale from domestic and international markets (ET)

Lupin has out-licensed a new drug delivery system, developed in-house, to US-based drug major Salix Pharmaceuticals. (BS)

TechM wins US$50m deal with Etisalat DB, the Indian arm of Emirates Telecom for rolling out GSM services in Bahrain (ET)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


MNM
TCS
PNB
ITC
GSPL


NEGATIVE BREAKOUTS


INDIAN HOTELS
GE SHIPPING
GVK POWER
JP ASSO
ESSAR OIL

FIIs were net sellers of Rs3.1bn in the cash segment on Monday

FIIs were net sellers of Rs3.1bn in the cash segment on Monday on a provisional basis. The local funds were net sellers of Rs5.67bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs7.03bn. On Thursday, FIIs were net buyers of Rs13.72bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12.7bn.

NIFTY (5003) SUP 4903 RES 5103

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सेन्सेक्स (16866.41) -268.14 अंक गिरकर, नीफ़्टी (5003.20) -80.20 अंक गिरकर, बंद..

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European markets update: FTSE Index up 0.2%, CAC Index up 0.2% and DAX Index up 0.3%

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Intraday : Buy Nifty at 5048 SL 5014 Tgt 5077,5089.

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Our monrning call Sell Reliance target achieved.

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Pre Market Intraday Call !!

Sell RIL

Sell Rcom

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Pre Market Commentary ...

Today, we expect a soft opening due to weak global cues. US stocks fell last week owing to disappointing economic reports, particularly on the jobs front. The big catalyst in the near term will be the quarterly earnings, both here and overseas. Monday morning blues are back. Just when one thought the monsoon was over, comes the bolt from the blue. Unexpected stormy weather has been wrecking havoc in South and West India. Although the torrential rains have brought some relief from searing heat, the timing is unwarranted. This is not good news in a year when the overall farm output is likely to take a hit and food inflation is already pretty high. It will be interesting to see what stand the Government and the RBI take to tackle spiraling prices.

What most players are looking for is whether the results will justify the market euphoria. We are inclined to believe there would be more positive surprises. Brace for a rollercoaster ride after a six-and-a-month rally.

SBI cuts deposit rates across the board. (BL)

BHEL plans to float a separate subsidiary company for power generation projects. (BS)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


JSW STEEL
BAJAJ AUTO
HDFC BANK
ABAN OFF
RCOM


NEGATIVE BREAKOUTS


HINDALCO
TATA MOTORS
GRASIM
SAIL
GVK POWER

FIIs were net buyers of Rs9.76bn in the cash segment on Thursday

FIIs were net buyers of Rs9.76bn in the cash segment on Thursday on a provisional basis. The local funds were net sellers of Rs3.31bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs358.6mn. On Wednesday, FIIs were net buyers of Rs15.08bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12bn.

NIFTY (5083) SUP 4983 RES 5183

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सेन्सेक्स (17134.55) 7.71 अंक चढ्कर, नीफ़्टी (5083.40) -0.55 अंक गिरकर, बंद..

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EDUCOMP : Our delivery call TARGET ACHIVED AT R.4950

EDUCOMP

BOOK PROFIT
BANG ON TARGET

Our morning call Sell India Infoline book profit at 145.50.

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European markets update: FTSE Index up 0.4%, CAC Index up 0.4% and DAX Index up 0.7%

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India August imports fell 32.4% from year earlier
India August exports fell 19.4% from year earlier
India Inflation for week ended Sept 19 was at 0.83%


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Intraday : Sell India Info at 149 SL 154 Tgt 144,141.

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HCC ties up with UK based AMEC to jointly provide consultancy for execution of nuclear power plants in India and is eyeing an annual revenue of Rs50bn. (FE)

Dr Reddy’s is recalling four of its drugs used to treat ailments such as allergy, depression and high cholesterol from the US market. (ET)

ONGC-Hinduja Group alliance lost the rights to develop Iran’s South Azadegan oilfield to CNPC of China. (FE)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS

SBI
GSPL
DLF
LUPIN
CESC


NEGATIVE BREAKOUTS


JSPL
MUNDRAPORT
UNITECH
TATA TEA
JP ASSOCIATE

FIIs were net buyers of Rs10.75bn in the cash segment on Wednesday

FIIs were net buyers of Rs10.75bn in the cash segment on Wednesday on a provisional basis. The local funds were net buyers of Rs1.59bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.04bn. On Tuesday, FIIs were net buyers of Rs11.02bn in the cash segment. The net FII investments in Indian stocks this year have crossed $12bn.

Pre Market Commentary ...

Today, we expect a soft opening as world markets are not particularly gung-ho. A long weekend is ahead of us before earnings start to roll in. There might be some consolidation and any fall is not likely to be too big.We’ve come a long way in a year. Whether one should be greedy at this stage is a BIG question after such a stunning rally. The journey from the brink of Great Depression has been spectacular. The moot point is where do we go from here?



The fact that so many people have missed the rally could ensure that the bulls maintain an upper hand. They will be aided by the flaring risk appetite and ample liquidity. But, can the earnings catch up with the bull run? The real test will be when the stimulus is reversed. Inflation could be another party pooper. Valuations are definitely not cheap, though historic peak is still some way away. The question is whether one should wait for that long to realise one’s folly.

NIFTY 4917 - 5037

BELOW @ 5079 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 5089 level

for the target @ 5027 to 5011 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 5089 with SL of 5079

Target @ 5097 to 5110 levels.....!!!

Pre Market Ideas !!

Buy ICICI BANK

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Pre Market Intraday Call !!

Buy Tech Mah

Buy Aban

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NIFTY (5083) SUP 4983 RES 5183

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सेन्सेक्स (17126.84) 273.93 अंक चढ्कर, नीफ़्टी (5083.95) 77.10 अंक चढ्कर, बंद..

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European markets update: FTSE Index flat and CAC Index up 0.3%

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RELIANCE : Our delivery call 2nd target achived at 2200, hold for next target at 2400

"NO JAI NO VIRU - ONLY DHIRU"
ONLY VIMAM, VIMAL!!

BHEL wins order worth Rs270cr

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NIFTY 4917 - 5037

BELOW @ 4988 level, it will be in BEARISH TREND.

SELLING is suggested with SL of 4997 level

for the target @ 4930 to 4917 levels;

Regarding BULLISH TREND,

BUYING is suggested @ the level of 4997 with SL of 4988

Target @ 5017 to 5037 levels.

Pre Market Ideas !!

Buy Cipla

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Pre Market Intraday Call !!

Buy ITC

Buy Cairn

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Pre Market Commentary ...

Today, the opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. If global cues remain indecisive the market might just turn choppy again being a curtailed week.

Chief economic advisor says India will grow at 7% this fiscal. It’s become a habit for top bureaucrats and government officials to talk about GDP growth. Take each prediction with a pinch of salt. Still, there is no denying that India will do well, notwithstanding the deficit monsoon. The tricky part is the market has already had a terrific run in anticipation of the imminent rebound. So, it remains to be seen how long the current momentum continues.

The scope for further advance does appear to be limited and every rise will be interrupted with periodic falls. Overall the mood remains upbeat.

POSITIVE & NEGATIVE BREAKOUT

POSITIVE BREAKOUT

HDFC BANK
INDIAN OIL
MARUTI SUZUKI
CESC
PETRONET LNG

NEGATIVE BREAKOUT

SUZLON
SAIL
HINDALCO
JAIPRAKASH ASSO
UNITECH

NIFTY (5006) SUP 4906 RES 5106

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सेन्सेक्स (16852.91) 159.91 अंक चढ्कर, नीफ़्टी (5006.85) 47.90 अंक चढ्कर, बंद..

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European markets update: FTSE Index down 0.2%, CAC Index down and DAX Index down 0.3% each

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Videocon Industries clarifies that it has not taken any decision to spin off oil, gas assets

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Hold our LONG CALL ON GSPL for target of Rs84.90 and 87 plus

Gujarat State Petroleum Corporation is planning to import one LNG cargo every month as part of its strategy to enter into the LNG trading business. (BS)

Pre Market Commentary ...

Today, we expect the market to open strong due to healthy global cues. We have a truncated week with another holiday on Friday. The market is consolidating after the very nice recovery. It has turned choppy lately after the recent pull-back from multi-month highs. We could see a new push higher or some more selloff. Downside will hinge on whether there will be support on dips. The quarterly earnings will be crucial in deciding whether the rally gets another leg up.


There is action ringing on the telecom front in India with the 3G spectrum sale process beginning today. And of course we have a deadline on Wednesday for Bharti Airtel's proposed tie-up with South Africa's MTN Group. The Indian market was spared the usual Monday Blues thanks to the festival of Dussera; and have woken up to an M&A Monday on Wall Street. Barely a week after Dell bid for Perot Systems, we now have Xerox, (earlier often used as a verb for making copies) saying it would buy Affiliated Computer Services Inc. for $6.4bn expanding its services into technology outsourcing and data management. While Xerox shares came tumbling down, Nasdaq moved higher expecting a round of consolidation in the IT space.

Ring out the old rules, bring in the new. That’s what leaders of G20 nations committed during the weekend. US President Obama said, "We brought the global economy back from the brink, we laid the groundwork today for longtime prosperity as well. Still we know there is much further to go." The G20 leaders also reiterated the pledge to maintain status quo on the unprecedented stimulus till there is absolute certainty that the world economy is out of the woods. So, premature withdrawal is out of question. A gradual and orderly exit is more likely.

Delivery Call !!

Buy Provogue

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Pre Market Intraday Call !!

Buy NTPC

Buy R.COM

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RIL has made a fresh appeal to the petroleum ministry to grant a three-year rig holiday. (FE)

Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet demand for its upcoming projects. (ET)

Suzlon has kicked off discussions with lenders to review its financing options which could lead to the refinancing of its domestic and foreign loans. (TOI)

ONGC has zeroed in on a location in Assam and has submitted a proposal to Uranium Corporation of India Ltd (UCIL) for jointly exploring the resource. (BL)

POSITIVE & NEGATIVE BREAKOUTS

POSITIVE BREAKOUTS


HDFC BANK
MARUTI
CHAMBAL FER
TECH MAH
BPCL


NEGATIVE BREAKOUTS


SUZLON
GVK POWER
SAIL
JSPL
MTNL

FIIs were net sellers of Rs37.2mn in the cash segment on Friday

FIIs were net sellers of Rs37.2mn in the cash segment on Friday on a provisional basis. The local funds on the other hand were net buyers of Rs2.27bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs9.89bn. On Thursday, FIIs were net buyers of Rs13.22bn in the cash segment. The net FII investments in Indian stocks this year have crossed $11bn. Mutual Funds were net sellers of Rs7.92bn on Thursday.

NIFTY (4957) SUP 4857 RES 5057

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