sell now!!
sell now!!
Tuesday, June 8, 2010
High risk traders:
BOOK PROFIT IN
INTRADAY BUY
NIFTY AT 5049.90
EXIT MARKET NOT LOOKING GOOD
WAIT FOR SELL NIFTY CALL....
INTRADAY BUY
NIFTY AT 5049.90
EXIT MARKET NOT LOOKING GOOD
WAIT FOR SELL NIFTY CALL....
Hold our ..DELIVARY CALL, STER
BUY and HOLD
STER AT 600-620
hold for 365days
target 722 ++
bonus rumors..
hold for 365days
BUY DLF June future at 268.5 With SL at 263.50 for a Target of 278.50
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Buy and Hold Mcdowell at Rs1247 with SL of Rs1237 for target of Rs1275
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Corporate Snippets
Cairn India to commission its 590km heated crude oil pipeline, from its Barmer field near the Gujarat coast in early next month. (BS)
Tata Steel has bought an additional stake in Canadian mining firm New Millennium Capital for around Rs892mn raising its stake to 27.4%. (ET)
NTPC has readied a war chest of around Rs1,600bn for the next five years even as it closes in on a coal mine in Western Australia to source fuel for its power projects. (BL)
SpiceJet has applied afresh for permission to operate in the growing route of Colombo. (BS)
GSPC through its subsidiary GSPC Gas Company Limited has reached to around 1,50,000 PNG domestic customers as well as daily gas sale of 3 mmscmd in the Gujarat. (BL)
Tata Steel has bought an additional stake in Canadian mining firm New Millennium Capital for around Rs892mn raising its stake to 27.4%. (ET)
NTPC has readied a war chest of around Rs1,600bn for the next five years even as it closes in on a coal mine in Western Australia to source fuel for its power projects. (BL)
SpiceJet has applied afresh for permission to operate in the growing route of Colombo. (BS)
GSPC through its subsidiary GSPC Gas Company Limited has reached to around 1,50,000 PNG domestic customers as well as daily gas sale of 3 mmscmd in the Gujarat. (BL)
Monday, June 7, 2010
सेन्सेक्स (16781.07) -336.62 अंक गिरकर, नीफ़्टी (5034.00) -101.50 अंक गिरकर, बंद.
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European market update: FTSE index down 1%, DAX index down 1.1%, CAC index down 1.7%
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Corporate Snippets
Reliance Industries may foray into nuclear energy after being freed from a non-compete agreement with the ADAG that barred it from investing in some businesses. (ET)
Fortis Healthcare may avoid a hurried response to counter Malaysian investment fund Khazanah’s bid to acquire management control over Parkway Holdings. (BS)
Tech Mahindra to focus more on the Middle East and African market, in talks with three-four African telecom companies for large contracts. (BS)
Reliance Communications has granted an in-principle approval to the sale of 26% stake in the company to strategic or PE investors; however, it did not name any buyer or give a timeframe for the proposed sale. (BL)
AT&T is in talks with Reliance Communications to buy a shade under 15% stake. (DNA)
Fortis Healthcare may avoid a hurried response to counter Malaysian investment fund Khazanah’s bid to acquire management control over Parkway Holdings. (BS)
Tech Mahindra to focus more on the Middle East and African market, in talks with three-four African telecom companies for large contracts. (BS)
Reliance Communications has granted an in-principle approval to the sale of 26% stake in the company to strategic or PE investors; however, it did not name any buyer or give a timeframe for the proposed sale. (BL)
AT&T is in talks with Reliance Communications to buy a shade under 15% stake. (DNA)
Friday, June 4, 2010
सेन्सेक्स (17117.69) 95.36 अंक चढ्कर, नीफ़्टी (5135.50) 25.00 अंक चढ्कर, बंद..
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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 .................
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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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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Corporate Snippets
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)
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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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.
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)
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
European markets update: FTSE Index down 1.5%, CAC Index down 1.1% and DAX Index down 1.2%
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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)
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.
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.
Tuesday, June 1, 2010
सेन्सेक्स (16572.03) -372.60 अंक गिरकर, नीफ़्टी (4970.20) -116.10 अंक गिरकर, बंद.
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Our sell NIFTY at low 4977, BOOK PARTIAL PROFIT
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Join profit making community...Today!"
hold for 4950 below
nifty sell call..........bang on target
nifty sell call..........bang on target
Monday, May 31, 2010
सेन्सेक्स (16944.63) 81.57 अंक चढ्कर, नीफ़्टी (5086.30) 19.75 अंक चढ्कर, बंद..
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European markets update: CAC Index down 0.3% and DAX Index is trading flat
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India economy grew 8.6% in Jan-March Quarter
Construction rose 8.7%,
Hotels rose 12.4%,
Financing & Real Estate rose 7.9%
RIL : Trading strong at 1044, hold for 1064 & 1100++
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Pre Market Commentary ...
Markets open in May flat to Negative
Overall volatile session today
Sector Watch: Auto, Oil Marketing Co., Fertilizers, Pharma, Power & Infra
Sector Avoid: Cement
Saturday, May 29, 2010
Hold / BUY our delivery call RIL target 1100, 1135 ++
no worry for delivery clients
Friday, May 28, 2010
European markets update: FTSE Index up 0.3%, CAC and DAX Index up 0.2% each
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High risk traders short Nifty June Futs at 5013 with SL of 5030 for Target of 4980
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Results Today:
3M India, Ackruti City, Adhunik Metaliks, Anant Raj Inds, Apollo Hospitals, Apollo Tyres, Asian Paints, Bank of Rajasthan, BEML, BGR Energy, Den Networks, EIH, Emami, Fortis Healthcare, Glenmark Pharma, HDIL, IBN18 Broadcast, IOC, IPCA Labs, JP Infratech, Kalpataru Power, Kingfisher Airlines, ONGC, PNB, Punj Lloyd, PVR, Reliance Media, Rico Auto, SAIL, Sun TV, Swaraj Mazda, Trent, TV18, Unitech, Unity Infra, Voltas and WWIL.
Corporate Snippets
Infosys looking at acquisition of the size US$500mn. (BL)
NTPC-BHEL venture is mulling technology tie-up with global companies. (BL)
Tata Steel to increase stake in Canada mining firm, New Millennium Capital Corp. (BS)
The Government may give preference in gas allotment to power projects of the ADAG Group if RIL picks up equity stakes in them. (ET)
GM has snapped its partnership with Reva and will roll out electric cars on its own after it was acquired by M&M. (ET)
Promoters of Tata Steel may invest Rs1.33bn, a move that would increase the promoters holding by 3% to 38%. (ET)
NTPC-BHEL venture is mulling technology tie-up with global companies. (BL)
Tata Steel to increase stake in Canada mining firm, New Millennium Capital Corp. (BS)
The Government may give preference in gas allotment to power projects of the ADAG Group if RIL picks up equity stakes in them. (ET)
GM has snapped its partnership with Reva and will roll out electric cars on its own after it was acquired by M&M. (ET)
Promoters of Tata Steel may invest Rs1.33bn, a move that would increase the promoters holding by 3% to 38%. (ET)
Pre Market Commentary ...
The hungry bulls will look at lapping up whatever comes their way. Value and rationale could take a backseat. The scary rollercoaster ride of the previous few sessions will take a break, as risk aversion has subsided somewhat after China dismissed a report saying it was mulling paring its holding of European bonds. This helped spark a world-wide rally in equities and commodities. The euro too rebounded while gold dipped and the VIX – Wall Street’s fear gauge – dropped below 30 after surging past 44 not too long ago.
After long, we have a bright morning to start with as we stare at a gap-up opening and hopefully another day of solid gains. Asian markets are upbeat following the overnight bounce in the US as well as European markets. Still, it would be foolhardy to take the recent pull-back in stocks as a decisive turnaround and start buying aggressively. The problems in Europe and other advanced economies have not vanished. So, one expects the volatility to persist for some time to come owing to uncertainty about the global picture.
What we are witnessing lately is more of a relief rally from the lows hit in the current intermediate downtrend. This advance has to sustain for a while to restore investor confidence. Also, FIIs - who have been net sellers for quite some time - have to resume their buying spree. Even prior to the current falls, the Indian market had struggled to break out of a range. We have to see whether this time is different and the key indices will head higher after dust settles on the euro-zone debt crisis.
After long, we have a bright morning to start with as we stare at a gap-up opening and hopefully another day of solid gains. Asian markets are upbeat following the overnight bounce in the US as well as European markets. Still, it would be foolhardy to take the recent pull-back in stocks as a decisive turnaround and start buying aggressively. The problems in Europe and other advanced economies have not vanished. So, one expects the volatility to persist for some time to come owing to uncertainty about the global picture.
What we are witnessing lately is more of a relief rally from the lows hit in the current intermediate downtrend. This advance has to sustain for a while to restore investor confidence. Also, FIIs - who have been net sellers for quite some time - have to resume their buying spree. Even prior to the current falls, the Indian market had struggled to break out of a range. We have to see whether this time is different and the key indices will head higher after dust settles on the euro-zone debt crisis.
Thursday, May 27, 2010
सेन्सेक्स (16666.40) 278.56 अंक चढ्कर, नीफ़्टी (5003.10) 85.70 अंक चढ्कर, बंद..
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OUR INTRADAYDAY TRADING STRONG
SELL NIFTY GIVEN SELL
AT 4960 NOW TRENDING at 4943 hold
FOR NEXT
4933, 4925
BELOW
AT 4960 NOW TRENDING at 4943 hold
FOR NEXT
4933, 4925
BELOW
INDUSINDBK BANG ON TARGET ........................................188++
Our call INDUSINDBK AT 188.35 TARGET ACHIVED, BOOK PROFIT
European markets update: FTSE Index up 1%, CAC Index up 0.8% and DAX Index up 0.9%
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FIIs were net sellers of Rs14.64bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net buyers at Rs4.06bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs10.38bn. On Monday, FIIs were net sellers of Rs8.82bn in the cash segment, according to the SEBI data.
Corporate Snippets
Reliance Industries-RNRL to present gas supply agreement to government in two weeks. (ET)
Reliance Industries may consider buying minority stake in gas-based power plant of Reliance Power. (ET)
Mahindra & Mahindra buys majority stake in electric car maker Reva. (ET)
Bombay High Court refuses to stay state government order asking Tata Power to supply 360MW to Reliance Infra. (ET)
Reliance Industries has suspended drilling of a well in K-G Basin using a rig hired from Transocean. (BS)
IVRCL bags an order worth Rs5.67bn. (BS)
Reliance Industries may consider buying minority stake in gas-based power plant of Reliance Power. (ET)
Mahindra & Mahindra buys majority stake in electric car maker Reva. (ET)
Bombay High Court refuses to stay state government order asking Tata Power to supply 360MW to Reliance Infra. (ET)
Reliance Industries has suspended drilling of a well in K-G Basin using a rig hired from Transocean. (BS)
IVRCL bags an order worth Rs5.67bn. (BS)
Pre Market Commentary ...
A bounce back is on the cards at start, thanks largely to a late session rebound on Wall Street. But then remember, bouncing is more like crashing….except you get to do it over and over again. Asian markets are mostly positive, barring the Kospi in Seoul, which is still reeling under the geopolitical tension. The European markets failed to benefit from the recovery in US stocks and ended sharply lower. In fact, markets in Italy, Portugal and Ireland joined Spain and Greece in bear-market territory. The FTSE 100 closed below 5,000.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
Wednesday, May 26, 2010
European market update: FTSE index up 1.19%, CAC index up 1.74%, DAX index up 1.14%
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Results Today:
Asian Hotels, Bajaj Electricals, Bank of India, BHEL, Cinemax, Dalmia Cement, Emco, Ess Dee Aluminium, Everest Kanto, Godrej Industries, Gujarat Alkalies, GMDC, GNFC, HPCL, Indian Hotels, Mphasis, Mukand, Northgate Tech, Oil India, REI Agro and Tata Steel.
Pre Market Commentary ...
A bounce back is on the cards at start, thanks largely to a late session rebound on Wall Street. But then remember, bouncing is more like crashing….except you get to do it over and over again. Asian markets are mostly positive, barring the Kospi in Seoul, which is still reeling under the geopolitical tension. The European markets failed to benefit from the recovery in US stocks and ended sharply lower. In fact, markets in Italy, Portugal and Ireland joined Spain and Greece in bear-market territory. The FTSE 100 closed below 5,000.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
German finance ministry is reportedly proposing extending the naked short-selling ban to include all German-listed stocks. The bill is due to be discussed next week. Italy has joined Europe's austerity club with deep spending cuts.
What this means is that unknown fears remain and randomness is the order of the day. Volatility is very high and so are uncertainties and risks. With the F&O expiry a day away it only gets wilder. Any sharp snap-back should be used to lighten your mental burden rather than adding positions.
Amidst all the gloom and doom, we can comfort ourselves with the fact that India’s macro-economic outlook is pretty sound though monsoon needs to be watched closely. Latest GDP data, which will be out on Monday will offer some more inputs of ground realities.
Corporate Snippets
Leading telecom operators, Bharti Airtel, Vodafone Essar and Idea Cellular withdrew their petition before TDSAT, challenging the recommendations of TRAI on 2G spectrum. (ET)
ONGC is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna-Godavari basin gas block. (FE)
The Orissa government has identified land for the solar power projects proposed by NTPC in the state. (BS)
Coal India has received preliminary expressions of interest from NTPC and Damodar Valley Corporation for import of approximately 5mn tons of coal in 2010-11. (BL)
DLF is planning to build a 90-storey tall super luxury housing project in Mumbai, which it estimates will fetch Rs150bn. (FE)
ONGC is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna-Godavari basin gas block. (FE)
The Orissa government has identified land for the solar power projects proposed by NTPC in the state. (BS)
Coal India has received preliminary expressions of interest from NTPC and Damodar Valley Corporation for import of approximately 5mn tons of coal in 2010-11. (BL)
DLF is planning to build a 90-storey tall super luxury housing project in Mumbai, which it estimates will fetch Rs150bn. (FE)
Tuesday, May 25, 2010
सेन्सेक्स (16022.48) -447.07 अंक गिरकर, नीफ़्टी (4806.75) -137.20 अंक गिरकर, बंद.
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European market update: FTSE index down 2.48%, CAC index down 2.72% and DAX index down 2.60%
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Bonus Issue : NRB Bearings Ltd
NRB Bearings Ltd has informed the market today that in the meeting thats going to be held on June 01 2010 they will consider issue of Bonus Shares.They have already declared a dividend of 2 rs .On the financial side N R B Bearings the profit of the company rose 3.69 times to Rs 9.3 crore from Rs 2.5 crore in the same quarter previous year.Net sales for the quarter for the quarter surged 53.54% to Rs 1,01.80 crore, while total income for the quarter jumped 54.40% to Rs 1,02.21 crore .It reported EPS of rs 1.92 a share during the quarter.
Hold / BUY our delivery call RIL target 1100, 1135 ++
Delivery clients can buy on dips...
no worry for delivery clients
no worry for delivery clients
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