Wednesday, December 23, 2009
Aban Offshore has repaid bonds worth Rs8bn along with accrued interest. (ET)
Sector Watch : Pharma, Banking PSU & Steel
Reliance Power is likely to invest over Rs 60bn over the next four to five years to produce 6.6bn tons of coal per annum. (FE)
Reliance Industries announced its third successive gas discovery in a deepwater exploration block in the Krishna-Godavari basin, which the company ha
Adani Power
Shares of Adani Power ended lower by 0.5% to end at Rs97. The company announced that Adani Power Rajasthan Ltd a 100% subsidiary of the company has been awarded Letter of Intent by Rajasthan Rajya Vidhyut Utpadan Nigam Ltd for purchase of upto 1,200 MW of power on long-term basis.
FIIs were net sellers in the cash segment on Tuesday at Rs1.1bn on a provisional basis. The local funds were net buyers of Rs5.1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs11.97bn. FIIs were net sellers of Rs2.58bn in the cash segment on Monday.
Pre Market Commentary ..
Today, we expect the market to open lower as global cues are pretty inconclusive. The Nifty will continue to trade in a range of 4900-5100. Some short covering is not ruled out in the run up to the F&O expiry. Support is expected to kick in at around 4900. Protecting the gains made so far in the year should be the aim instead of loading up more.If only we knew the unexpected, Christmas season would have brought some cheer. With only five trading sessions to go in 2009, don’t get too perturbed by the market movement.
Overall trend has been extremely lackluster and is unlikely to change dramatically anytime soon. Volume has also dipped as traders and investors alike take a pause after a stellar rally. In the New Year, the market will have plenty to consider like fund flows, quarterly earnings, impending rate hike, reversal of fiscal stimulus, budget and global developments. Stay on the sidelines till then.
Tuesday, December 22, 2009
Our morning call Buy SASKEN is going strong at 198 !!!!!! 1st trarget achiveb
Our morning call Buy DISKTV is going strong at 42.30 !!!!!!
TARGET ACHIVED
BOOK PROFIT
Our morning call Buy NTPC is going strong and target achieved at 211 !!!!!!
F&O Ideas ...
Buy DISH TV INDIA Dec Future at Rs41
for the target price of Rs44
and stop loss 39.90 [Lot size: 5,150.]
Remarks: Net maximum profit of Rs15,450
and net maximum loss Rs7,725.
"
Crude oil for January delivery fell 89 cents to settle at $72.47 a barrel.
Reliance Infrastructure is on track to commission over Rs100bn worth of infrastructure projects in the next seven months. (BS)
Fortis Healthcare, post-acquisition of 10 hospitals from the Wockhardt group, will spend around Rs2.5bn to complete the ongoing hospitals in Mumbai,
TVS Motor plans to launch diesel auto-rickshaws as part of its strategy to grow in the domestic market. (ET)
FIIs were net sellers in the cash segment on Monday at Rs2.92bn on a provisional basis. The local funds were net buyers of Rs3.54bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs517.2mn. FIIs were net buyers of Rs834mn in the cash segment on Friday.
Pre Market Intraday Idea ..
Buy NTPC at Rs204 stop loss Rs194
target Rs211 & 217
Pre Market Commentary ..
Today,we must thank to firm global cues, we expect a higher opening and another choppy day. Can’t call it Christmas shopping, though! On the whole, the current lackluster trend is expected to continue. The Nifty will find some support and could surpass the 5000 mark again. The near-term trading range may be between 4900-5100. The right thing appears to be really on a long holiday. The key indices have gone nowhere in the past 3-4 weeks and the trend has been extremely dull.
Traded volume too has tapered off and is likely to remain low in the face of the upcoming holidays.Volatility will prevail given the murky outlook and F&O expiry next week. Stock centric action will continue based on the news flow. Short term traders are likely to take profit at every rise. A major break down is ruled out for now but avoid risky bets. Don’t read too much into what goes in the market these days as bulls and bears both seem to be lacking conviction.
Monday, December 21, 2009
RELIANCE : first target achived at 1033 hold for next target of 1077
RIL : no jai no viru.... CLOSE to first target
Axis bank's overseas bond issue put on hold, to wait for spreads to narrow. (BS)
NTPC proposes power project in Ghana in exchange for LNG. (Mint)
FIIs were net sellers in the cash segment on Friday at Rs2.07bn on a provisional basis. The local funds were net buyers of Rs3.31bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs6.22bn. FIIs were net buyers of Rs4.89bn in the cash segment on Thursday. Mutual Funds were net sellers of Rs272mn on the same day.
Pri Market Commentary ...
Today, the outlook is a flat to tad higher opening. Asian markets are mixed. US market got a boost from technology on Friday. Banks pulled down Europe. Christmas is upon us, and the countdown to 2010 has begun. After a stellar year for equities (following a disastrous 2008), some fatigue has set in. So, a wait-and-watch mode is the order for now. The market will continue to consolidate in the remaining sessions, and perhaps even beyond that. Since there will be two extended weekends, volume could dip and volatility might rise. Overall, the market will be insipid.
The near-term trigger will be how the policymakers execute their ‘exit’ strategies. In India, the fear is for an early reversal in loose money policy given the spike in inflation. Earnings will be watched as well, though the focus is now on FY11. Budget will also have a bearing on sentiment.Dollar’s movement and Fed’s action will be crucial for world markets. Liquidity is not an issue for India, but it is time to be selective.
Friday, December 18, 2009
सेन्सेक्स (16719.83) -174.42 अंक गिरकर, नीफ़्टी (4987.70) -54.05 अंक गिरकर, बंद..
Pre Market Commentary ..
Pre Market Intraday Call !!
Buy Polaris
Buy Cromton Greaves
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Join profit making community...Today!"
POSITIVE & NEGATIVE BREAKOUTS
CROMPTON GREAVES
GTL
HCL TECH
WIPRO
GUJ NRE
NEGATIVE BREAKOUTS
JINDAL SAW
GMR INFRA
IB REAL ESTATE
ICICI BANK
BPCL
FIIs were net buyers in the cash segment on Thursday at Rs1.92bn
FIIs were net buyers in the cash segment on Thursday at Rs1.92bn on a provisional basis. The local funds were also net buyers of Rs1.33bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.59bn. FIIs were net sellers of Rs1.39bn in the cash segment on Wednesday. FIIs' net investments in Indian stocks this year have crossed $16bn.
NIFTY(5041) SUP 4941 RES 5141
Thursday, December 17, 2009
सेन्सेक्स (16894.25) -18.52 अंक गिरकर, नीफ़्टी (5041.75) -0.30 अंक गिरकर, बंद..
KEC International wins orders worth Rs5.5bn
Intraday Call : Buy Tata Steel at 563 SL 556 Tgt 570.
Market Commentary ..
Pre Market Intraday Call !!
Buy Ster
Buy
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POSITIVE & NEGATIVE BREAKOUTS
RANBAXY
IDEA
WIPRO
BHEL
BAJAJ AUTO
NEGATIVE BREAKOUTS
JINDAL SAW
CAIRN INDIA
GLENMARK
GSPL
HUL
FIIs were net sellers in the cash segment on Wednesday at Rs3.55bn
FIIs were net sellers in the cash segment on Wednesday at Rs3.55bn on a provisional basis. The local funds were net buyers of Rs2.75bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs10.71bn. FIIs were net buyers of Rs1.14bn in the cash segment on Tuesday. FIIs' net investments in Indian stocks this year have crossed $16bn.
NIFTY(5042) SUP 4942 RES 5142
Wednesday, December 16, 2009
सेन्सेक्स (16912.77) 35.61 अंक चढ्कर, नीफ़्टी (5042.05) 9.00 अंक चढ्कर, बंद..
India planning stimulus steps for some exporters
Bhushan Steel to start orrisa plant in Jan 2010
Asian Market Update: Nikkei Up 0.93%, Hang Seng down 0.8% and Shanghai Index down 0.4%
BSE extends trade timings by 10 minutes Now opening bell at 9.45
Pre Market Intraday Call !!
Buy Jindal Hotel
Buy Think Soft
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Join profit making community...Today!"
Pre Market Commentary ..
POSITIVE & NEGATIVE BREAKOUTS
BAJAJ AUTO
GTL
INFOSYS
RANBAXY
UNITED BREWERIES
NEGATIVE BREAKOUTS
SUZLON
GAIL
BIOCON
TITAN
TATA MOTORS
FIIs were net sellers in the cash segment on Tuesday at Rs61.4mn
FIIs were net sellers in the cash segment on Tuesday at Rs61.4mn on a provisional basis. The local funds were net buyers of Rs38.9mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs10.80bn. FIIs were net buyers of Rs1.74bn in the cash segment on Monday. FIIs' net investments in Indian stocks this year have crossed $16bn.
NIFTY (5033) SUP 4933 RES 5133
Tuesday, December 15, 2009
सेन्सेक्स (16877.16) -220.39 अंक गिरकर, नीफ़्टी (5033.05) -72.65 अंक गिरकर, बंद..
European market update: FTSE Index down 0.35%, CAC Index and DAX Index trading flat
Our morning call Buy Think Soft target achieved at 289.90.
Our morning call Buy Think Soft is going strong at 287.
POSITIVE & NEGATIVE BREAKOUTS
AMBUJA CEMENT
HPCL
SIEMENS
SAIL
CROMPTON GREAVES
NEGATIVE BREAKOUTS
GSPL
CANARA BANK
TATA STEEL
STERLITE IND
FIIs were net buyers in the cash segment on Monday at Rs622.
Pre Market Intraday Call !!
Buy Think Soft
Buy Ashok Leyland
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Pre Market Commentary ..
Today, the same holds true for stocks right now. The bulls appear to be suffering from some fatigue following a stellar rally from March lows. Notwithstanding the euphoria surrounding the Dubai bailout and US banks repaying federal aid, the market is likely to remain choppy. The Nifty will continue to struggle to pierce 5200, at least for the time being. It may however manage to cross that barrier before the F&O expiry. In short, the consolidation phase is likely to prevail in the near term with a positive bias. Future advance will face hiccups at regular intervals as bulls lack conviction.
Stay tuned to the latest events – local as well as global. Stick to stock-centric action. The advance tax numbers will have impact on specific stocks. We see a flat to cautious start as Asian markets are subdued. Trading will swing to the beat of global cues. The Fed will start a two-day policy meeting today. Industrial output data for the US will be released later today. The UK CPI report is also due out today.
NIFTY(5105) SUP 5005 RES 5205
Monday, December 14, 2009
PTC to acquire coal assets abroad. (FE)
PNB plans to open 100,000 biometric ATMs by 2013. (BS)
DLF is set to merge the real estate investment trust DLF Assets into itself. (FE)
Tata Power to commission first unit of Dagachhu in 2013. (BS)
Pre Market Intraday Idea
TARGET 203 PLUS
Buy APIL AT 574.90 SL 559.90
TARGET 607,611 PLUS
www.northpole77.com
Pre Market Commentary ..
Today, there is no solution to the lack of clear direction in the market. The fact is we will remain at the mercy of global cues and foreign money. Any domestic booster is usually intra-day in nature. Don’t press the panic button in case of any fresh bad news. Stay alert and stick to a stock centric approach. This week’s trend will hinge on what the Fed says at the end of its policy meeting on Wednesday. Till then, we expect the key indices to remain sideways. The Nifty will continue to trade in a 5000-5200 range.
There will surely be few more speed bumps ahead in some form or the other. The recovery in several parts of the world will be a ‘stop-and-go’ affair. It is taking different shapes across the globe. The crucial event to watch will be the Fed’s ‘exit’ strategy. This will then decide the fate of the dollar, whose weakness has been driving up the risk appetite.
Friday, December 11, 2009
Type ON NORTHPOLE send it to 9870807070.
Type ON
send it to 9870807070.
New Listing : COX & KING at 330 - Book Profit above 395
FIIs were net buyers in the cash segment on Thursday at Rs2.94bn on a provisional basis. The local funds were net buyers of Rs692.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs3.16bn. FIIs were net sellers of Rs2.97bn in the cash segment on Wednesday. FIIs' net investments in Indian stocks this year have crossed $16bn.
Pre Market Commentary ..
Today, a firm start is in the offing but there is not much to do immediately. Global markets are mostly up and will provide the necessary boost in the beginning. All eyes will now be on the IIP data. It is likely to be pretty strong and could further buttress the case for a hike in interest rates. Inflation and its cascading effect continue to be among the biggest headaches for Indian policymakers. Food prices have shot through the roof, with inflation in this crucial category nearing staggering 20%. Don’t be surprised if the Government and/or the RBI unveil a few steps to combat this menace.
The big test for the Nifty will be 5180-5200. With a few days to go in 2009, we expect market to remain volatile and rangebound. Side counters will remain abuzz, but don’t get carried way. The potential danger ahead for the global equities will be a recovery in the dollar and the unwinding of the carry trades. This could happen when the Fed begins to hike interest rates in the next 6-9 months.
Thursday, December 10, 2009
Type ON NORTHPOLE send it to 9870807070.
Type ON
send it to 9870807070.
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