Stocks in News:
- Bajaj Auto will lead the three-way global alliance with Renault-Nissan for the US$3,000 small car project.
- Reliance Retail launches its first wellness store in Hyderabad.
- Genpact beats Firstsource to bag Citigroups’ captive BPO operations.
- Goldman Sachs and Macquarie to buy 40% equity in PTC Financial Services, the investment arm of PTC India.
- Hindujas plan to sell 10% of its equity holding in Ennore Foundries.
- GMR Infra to bid for airport projects in East Europe.
- Wockhardt to launch Asia’s first recombinant human insulin- Wosulin in US and Europe.
- RPG group plans for a major restructuring and reorientation of operations with Rs150bn infusion.
- NTPC plans to acquire overseas coal mines to meet demand.
- GAIL plans to foray into gas pipeline construction business.
- Gujarat State Fertilizers and Chemicals has set a capex of Rs5bn.
- BEML has bagged Rs11.4bn contract from Delhi Metro Rail Corporation.
- Government set to ask companies to issue shares to foreign investors within a fixed period.
- DoT unlikely to allocate 1900MHz in 3G play to CDMA players in the near term.
- Government seeks 50% cut in bound rates on industrial goods.
- The Group of Ministers have finalized the proposed Rs7.3bn crop insurance scheme for tea, rubber, tobacco and spices.
- Planning Commission proposes to set up a National Electricity fund to enable generate resources for improving the power distribution network in the country.
- The Model Production Sharing Contract has incorporated the Empowered Group of Ministers (EGom) recommendation on gas pricing in its seventh round of the NELP.
Kalpesh Patel
Friday, October 26, 2007
Monday, October 22, 2007
October opportunity, buy for next Diwali ...
Worries galore for bulls!
Intra-day Stock Ideas
Considering the uncertainty and confusion surrounding the whole P-Note issue and given the subsequent volatility in the market, we refrain from giving intra-day trading calls for the time being. We will continue to monitor the situation and shall take a call on resuming the service accordingly. Please bear with us.
CALLS FOR LONG TERM HOLD UPTO ONE YEAR
October opportunity, buy for next Diwali ...
BUY REL AT RS.1200-1350
TARGER 1800
BUY LT AT 2800-3050
TARGET 3800
BUY RELCAPITAL AT 1490-1525
TARGET 2000
BUY RELIANCE AT 2390-2450
TARGET 3100
BUY RPL AT 159-163
TARGER 210
Thanks & Regards.
Happy Diwali....to Honrable FM
Intra-day Stock Ideas
Considering the uncertainty and confusion surrounding the whole P-Note issue and given the subsequent volatility in the market, we refrain from giving intra-day trading calls for the time being. We will continue to monitor the situation and shall take a call on resuming the service accordingly. Please bear with us.
CALLS FOR LONG TERM HOLD UPTO ONE YEAR
October opportunity, buy for next Diwali ...
BUY REL AT RS.1200-1350
TARGER 1800
BUY LT AT 2800-3050
TARGET 3800
BUY RELCAPITAL AT 1490-1525
TARGET 2000
BUY RELIANCE AT 2390-2450
TARGET 3100
BUY RPL AT 159-163
TARGER 210
Thanks & Regards.
Happy Diwali....to Honrable FM
Wednesday, October 17, 2007
Wednesday woes...Bears check in- Wait and watch
The SEBI discussion paper coupled with global weakness will see a sharp fall at start. Therefore, we are avoiding any calls before the bell.
Wait for attractive levels and pick up stocks for the medium to long term. And in case of a sharp bounce back in the coming days, no harm in booking profits.
It’s set to be One Fine Day for the bears who have all it takes for things to go their way. Liquidity may see a pipe burst as SEBI’s paper suggests foreign institutional investors may not be allowed to issue or renew offshore derivative instruments. In fact they may be required to extinguish existing participatory notes in 18 months. The regulator has sought a response to proposals by Oct. 20.
The rupee is set to fall from near a 9 1/2-year high. Who knows, the optimists may look at some IT counters at lower levels.
Federal Reserve Chairman Ben Bernanke warned in a speech that weakness in the housing market would likely drag on growth through early next year. Federal Reserve Chairman Ben Bernanke said the central bank's rate cut in September has shown signs of success, but cautioned that lenders and investors must bear responsibility for financial decisions that caused the subprime mortgage meltdown.
The Nasdaq and Dow are down less than a percent.
Among the Indian ADR’s, HDFC Bank was the major loser, it fell by over 10%. Others like ICICI Bank, Satyam Computer, Sterlite Industtries and Patni Computers declined over 5% each.
Japanese stocks slipped after Wells Fargo & Co. said it lost almost $900 million on home equity and consumer loans, renewing concern the U.S. subprime mortgage crisis will reduce earnings at financial companies.
Sun Pharma receives receipt of covenant on generic Effexor XR ANDA
Volatility to continue!
Volatility was back on the bourses as markets closed on a flat note. Alternate bouts of buying and selling often tossed the key indices in positive and negative terrain. However, after hitting a low of 18,777, benchmark Sensex recovered over 250 points to end almost unchanged.
Wait for attractive levels and pick up stocks for the medium to long term. And in case of a sharp bounce back in the coming days, no harm in booking profits.
It’s set to be One Fine Day for the bears who have all it takes for things to go their way. Liquidity may see a pipe burst as SEBI’s paper suggests foreign institutional investors may not be allowed to issue or renew offshore derivative instruments. In fact they may be required to extinguish existing participatory notes in 18 months. The regulator has sought a response to proposals by Oct. 20.
The rupee is set to fall from near a 9 1/2-year high. Who knows, the optimists may look at some IT counters at lower levels.
Federal Reserve Chairman Ben Bernanke warned in a speech that weakness in the housing market would likely drag on growth through early next year. Federal Reserve Chairman Ben Bernanke said the central bank's rate cut in September has shown signs of success, but cautioned that lenders and investors must bear responsibility for financial decisions that caused the subprime mortgage meltdown.
The Nasdaq and Dow are down less than a percent.
Among the Indian ADR’s, HDFC Bank was the major loser, it fell by over 10%. Others like ICICI Bank, Satyam Computer, Sterlite Industtries and Patni Computers declined over 5% each.
Japanese stocks slipped after Wells Fargo & Co. said it lost almost $900 million on home equity and consumer loans, renewing concern the U.S. subprime mortgage crisis will reduce earnings at financial companies.
Sun Pharma receives receipt of covenant on generic Effexor XR ANDA
Volatility to continue!
Volatility was back on the bourses as markets closed on a flat note. Alternate bouts of buying and selling often tossed the key indices in positive and negative terrain. However, after hitting a low of 18,777, benchmark Sensex recovered over 250 points to end almost unchanged.
Tuesday, October 16, 2007
Life after 19k -Staying Alive- morning song for bears
Life after 19k -Staying Alive- morning song for bears
Intra-day Stock Ideas
Nifty (5670) Sup 5539 Res 5802
Buy HDIL (765) SL 759
Target 777, 780
Buy CESC (575) SL 570
Target 585, 587
Buy MTNL (168) SL 164
Target 174, 176
Sell Patni (470) SL 475
Target 460, 458
Sell IOC (450) SL 455
Target 441, 439
The bulls sure don’t want hell in the markets. They may just give the bears a few moments of fame. No amount of warnings seem to stop the bulls. The Finance Minister's cautionary words or the bomb hoax are dismissed too easily thanks to liquidity. Today, we see a slightly lower opening given the declines in the US and Asian markets. But, powered by the strong undercurrent, the bulls are most likely to fight back if not today, expect them tomorrow.
The bears have been thrashed like the Aussie cricket has done to our men in blue. There may be an odd day when the bulls might want to take their foot off the accelerator. But, on the whole the rally is here to stay and the pace of it will keep on surprising the most experienced of the market pundits.
Of course, the relentless advance over the past couple of months or so has been fueled by non-stop inflow of foreign capital money. This trend looks set to continue for a while before there is some cooling. Backed by the strong outlook on the Indian economy, good momentum in corporate earnings growth and reduced concern on the political front, the key indices will continue to break new grounds and conquer new frontiers.
Trade safe
Happy selling
reg
Kalpesh Patel
Intra-day Stock Ideas
Nifty (5670) Sup 5539 Res 5802
Buy HDIL (765) SL 759
Target 777, 780
Buy CESC (575) SL 570
Target 585, 587
Buy MTNL (168) SL 164
Target 174, 176
Sell Patni (470) SL 475
Target 460, 458
Sell IOC (450) SL 455
Target 441, 439
The bulls sure don’t want hell in the markets. They may just give the bears a few moments of fame. No amount of warnings seem to stop the bulls. The Finance Minister's cautionary words or the bomb hoax are dismissed too easily thanks to liquidity. Today, we see a slightly lower opening given the declines in the US and Asian markets. But, powered by the strong undercurrent, the bulls are most likely to fight back if not today, expect them tomorrow.
The bears have been thrashed like the Aussie cricket has done to our men in blue. There may be an odd day when the bulls might want to take their foot off the accelerator. But, on the whole the rally is here to stay and the pace of it will keep on surprising the most experienced of the market pundits.
Of course, the relentless advance over the past couple of months or so has been fueled by non-stop inflow of foreign capital money. This trend looks set to continue for a while before there is some cooling. Backed by the strong outlook on the Indian economy, good momentum in corporate earnings growth and reduced concern on the political front, the key indices will continue to break new grounds and conquer new frontiers.
Trade safe
Happy selling
reg
Kalpesh Patel
Monday, October 15, 2007
Market to be choppy -be carefull book profits..
Market to be choppy -be carefull book profits..
for HAPPY DIWALI....
Nifty (5428) Sup 5329 Res 5466
Buy Hero Honda (756) SL 750 Target 769, 772
Buy Bharat Forge (290) SL 285 Target 299, 301
Buy ACC (1251) SL 1238
Target 1278, 1283
Sell NDTV (365) SL 370
Target 357, 355
Sell Cummins (428) SL 433 Target 420, 418
Bulls and bears set to battle
After Friday’s fall, the bulls may have rested over the weekend hoping it was just an aberration. Bears too got an opportunity and are unlikely to easily give in to the bulls in the coming week. For the day, we see a positive opening on the back of encouraging signals from the US market as well as rest of the world. But the current choppiness is here to stay. Reliance may have not announced a split/bonus as many market participants would have wanted to. But, the results day may spring some surprise. So watch that counter closely. Also keep an eye on RCOM, as the company is likely to make a slew of announcements.
What remains to be seen now is whether the bulls will resume their shopping spree this week as the pace of the result announcements accelerates. As has been the case over the course of the past two months or so, much will hinge on the liquidity factor. As long as the FIIs are pouring money into Indian stocks, the bulls will remain in complete command, barring an odd bad day in office like it was on Friday.
Once again I suggesh be carefull book profits for
happy diwali..
trade safe
Kalpesh Patel
for HAPPY DIWALI....
Nifty (5428) Sup 5329 Res 5466
Buy Hero Honda (756) SL 750 Target 769, 772
Buy Bharat Forge (290) SL 285 Target 299, 301
Buy ACC (1251) SL 1238
Target 1278, 1283
Sell NDTV (365) SL 370
Target 357, 355
Sell Cummins (428) SL 433 Target 420, 418
Bulls and bears set to battle
After Friday’s fall, the bulls may have rested over the weekend hoping it was just an aberration. Bears too got an opportunity and are unlikely to easily give in to the bulls in the coming week. For the day, we see a positive opening on the back of encouraging signals from the US market as well as rest of the world. But the current choppiness is here to stay. Reliance may have not announced a split/bonus as many market participants would have wanted to. But, the results day may spring some surprise. So watch that counter closely. Also keep an eye on RCOM, as the company is likely to make a slew of announcements.
What remains to be seen now is whether the bulls will resume their shopping spree this week as the pace of the result announcements accelerates. As has been the case over the course of the past two months or so, much will hinge on the liquidity factor. As long as the FIIs are pouring money into Indian stocks, the bulls will remain in complete command, barring an odd bad day in office like it was on Friday.
Once again I suggesh be carefull book profits for
happy diwali..
trade safe
Kalpesh Patel
Saturday, October 13, 2007
Investment calls for next week
The slight correction on Friday was triggered more by the Finance Minister’s comments. He said the Sensex is more of a number and that he was surprised and worried. Sensex is driven by corpus inflow of funds, he added and that’s what we keep saying as Liquidity driving the market. Once a fall starts, views change overnight and the reasoning would be if we can get it at better valuations in sometime, why not? Medium to long term investors need not be worried. In fact the rise in the Sensex, particularly the last 2000 points was driven by a handful of stocks. But when the correction happens, most mid-caps bear the brunt as retail investors press the panic button. The indices will remain volatile depending on cues from the global markets.
Buy Tata Power
Buy Bharti Airtel
Buy Welspun Gujrat
Buy Alok Industries
Buy Birla Jute
Wish you happy NAVARATRI and happy trading days
regards
Kalpesh Patel
Buy Tata Power
Buy Bharti Airtel
Buy Welspun Gujrat
Buy Alok Industries
Buy Birla Jute
Wish you happy NAVARATRI and happy trading days
regards
Kalpesh Patel
Thursday, October 11, 2007
Infosys results disappoint - All eyes on Infosys
Intra-day Stock Ideas
Nifty (5441) Sup 5291 Res 5521
Sell Satyam (484)
SL 489 Tgt 472, 468
Sell Aurobindo Pharma (571) SL 577 Tgt 560, 556
Sell Aptech (365)
SL 370 Tgt 355, 352
Buy Tata Motors (806)
SL 799 Tgt 820, 824
Buy Mahindra Gesco (601)
SL 595 Tgt 614, 617
Trade safe...tough days ahead..
Wish you Happy Diwali...
Start celibrating before you loose..
Northpole research team
Nifty (5441) Sup 5291 Res 5521
Sell Satyam (484)
SL 489 Tgt 472, 468
Sell Aurobindo Pharma (571) SL 577 Tgt 560, 556
Sell Aptech (365)
SL 370 Tgt 355, 352
Buy Tata Motors (806)
SL 799 Tgt 820, 824
Buy Mahindra Gesco (601)
SL 595 Tgt 614, 617
Trade safe...tough days ahead..
Wish you Happy Diwali...
Start celibrating before you loose..
Northpole research team
Wednesday, October 10, 2007
TIME for Good Results...& Sweet Sugers Package...
BUY RELIANCE CAPITAL SL-1620
TARGET -1900 - 2200
BUY TTML SL BELOW 38.50
TARGET 43
BUY IFCI SL BELOW 82
TARGET 91 & 96
Buy RENUKA SUGER for Intraday
Results figurs has coming with good numbers,
3I Info is wiht good no and also d-listing ..
Anyways wish you happy trading day
Kalpesh Patel
TARGET -1900 - 2200
BUY TTML SL BELOW 38.50
TARGET 43
BUY IFCI SL BELOW 82
TARGET 91 & 96
Buy RENUKA SUGER for Intraday
Results figurs has coming with good numbers,
3I Info is wiht good no and also d-listing ..
Anyways wish you happy trading day
Kalpesh Patel
Tuesday, October 9, 2007
Buy RCOM CALL Option 660 @39 Now CMP T-300
our call
Buy RCOM CALL Option 660 @39 Now CMP T-300
rocks today only close at 70...
stay tuned...still more music left
enjoy
Get registered for such calls...
Happy Earnings...
Buy RCOM CALL Option 660 @39 Now CMP T-300
rocks today only close at 70...
stay tuned...still more music left
enjoy
Get registered for such calls...
Happy Earnings...
Buy RCOM CALL Option 660 @39 Now CMP T-300
Buy RCOM CALL Option 660 @50 Now CMP TARGET-300 ...YES RS.300 IN NEXT 15DAYS
Our Online client get this call at Rs.33/- Jack Pot...enjoy
Buy Rcom in futere in cash with targer of Rs.1000
Buy Bombay Dying in FO @rS. 645 WITH Target Rs.710...
Kalpesh Patel
Our Online client get this call at Rs.33/- Jack Pot...enjoy
Buy Rcom in futere in cash with targer of Rs.1000
Buy Bombay Dying in FO @rS. 645 WITH Target Rs.710...
Kalpesh Patel
Wait and watch - Elections! protect yourself
Nifty (5085) Sup 5014 Res 5142
Buy Sintex Ind (370) SL 365 Target 380, 382
Buy HCL Tech (308) SL 303
Target 315, 318
Sell IDFC (147) SL 151
Target 140, 139
Sell Crompton Greaves (328) SL 333 Target 319, 316
Sell Voltas (161) SL 165
Target 155, 153
With the Congress and the Left toughening their respective stance and the last ditch effort by Sonia Gandhi failing to elicit any positive response from Prakash Karat & Co., the country is likely to be headed for mid-term polls sometime in the first half of next year. If the Government goes ahead and holds talks with the IAEA, the Communists are most likely to withdraw their support. So, there is only one way this coalition regime can complete its full term i.e. if the Centre decides to defer negotiations with the IAEA. But, after Sonia Gandhi's strong remarks on Sunday, this scenario looks difficult. The next few days are going to be critical. While the initial flow of words in the market will be directed at results, post that we will have expectations of the budget. If elections are around the corner, a populist budget for the masses is what may lie ahead. Who knows, a number of popular moves could be seen even before budget day.
wish you safe and profitable trading days...
Buy Sintex Ind (370) SL 365 Target 380, 382
Buy HCL Tech (308) SL 303
Target 315, 318
Sell IDFC (147) SL 151
Target 140, 139
Sell Crompton Greaves (328) SL 333 Target 319, 316
Sell Voltas (161) SL 165
Target 155, 153
With the Congress and the Left toughening their respective stance and the last ditch effort by Sonia Gandhi failing to elicit any positive response from Prakash Karat & Co., the country is likely to be headed for mid-term polls sometime in the first half of next year. If the Government goes ahead and holds talks with the IAEA, the Communists are most likely to withdraw their support. So, there is only one way this coalition regime can complete its full term i.e. if the Centre decides to defer negotiations with the IAEA. But, after Sonia Gandhi's strong remarks on Sunday, this scenario looks difficult. The next few days are going to be critical. While the initial flow of words in the market will be directed at results, post that we will have expectations of the budget. If elections are around the corner, a populist budget for the masses is what may lie ahead. Who knows, a number of popular moves could be seen even before budget day.
wish you safe and profitable trading days...
Monday, October 8, 2007
Left Right Left ...
http://www.northpolemoney.blogspot.com/
Intra-day Stock Ideas
Nifty (5186) Sup 5126 Res 5248
Buy Bharti Airtel (994) SL 986
Target 1010, 1015
Buy GNFC (158) SL 154
Target 165, 167
Buy M&M (752) SL 745
Target 770, 774
Buy DLF (851) SL 845
Target 864, 868
Sell Canara Bank (271) SL 275
Target 264, 261
All eyes on results
After coming within striking distance of the 18k mark, bulls once again failed to breach the psychological hurdle as traders preferred to book profits ahead of the week-end. Volatility was the order of the day as key indices often stepped in to positive and negative territory. The benchmark index swung almost 270 points from its days high of 17,979 and a low of 17,708.
Major Bulk Deals:
Bear Stearns has picked up C&C Construction; ICICI PruLife has bought Dabur India; Franklin Templeton MF has purchased Emco while Morgan Stanley has sold the stock; LIC has picked up Gateway Distriparks; UBS has bought Indo Wind Energy; Kotak Mahindra International has purchased Murudeshwar Ceramics; Bear Stearns has picked up Nava Bharat Ventures; Morgan Stanley and Merrill Lynch have bought Parekh Aluminex; Nomura Asset Management Singapore has picked up Sadbhav Engineering; Morgan Stanley has sold Satnam Overseas; ICSA India has sold Softpro Systems; Citigroup has purchased Sujana Tower; Kotak Mahindra UK has purchased Tera Software.
Happy trading...
visit reguarly its free...
Intra-day Stock Ideas
Nifty (5186) Sup 5126 Res 5248
Buy Bharti Airtel (994) SL 986
Target 1010, 1015
Buy GNFC (158) SL 154
Target 165, 167
Buy M&M (752) SL 745
Target 770, 774
Buy DLF (851) SL 845
Target 864, 868
Sell Canara Bank (271) SL 275
Target 264, 261
All eyes on results
After coming within striking distance of the 18k mark, bulls once again failed to breach the psychological hurdle as traders preferred to book profits ahead of the week-end. Volatility was the order of the day as key indices often stepped in to positive and negative territory. The benchmark index swung almost 270 points from its days high of 17,979 and a low of 17,708.
Major Bulk Deals:
Bear Stearns has picked up C&C Construction; ICICI PruLife has bought Dabur India; Franklin Templeton MF has purchased Emco while Morgan Stanley has sold the stock; LIC has picked up Gateway Distriparks; UBS has bought Indo Wind Energy; Kotak Mahindra International has purchased Murudeshwar Ceramics; Bear Stearns has picked up Nava Bharat Ventures; Morgan Stanley and Merrill Lynch have bought Parekh Aluminex; Nomura Asset Management Singapore has picked up Sadbhav Engineering; Morgan Stanley has sold Satnam Overseas; ICSA India has sold Softpro Systems; Citigroup has purchased Sujana Tower; Kotak Mahindra UK has purchased Tera Software.
Happy trading...
visit reguarly its free...
Saturday, October 6, 2007
Investment calls for next वीक October 05, 2007
Weekly Wrap keeps you abreast of the markets and arms you for the markets in the coming week।
Investment calls for next वीक October 05, 2007
Buy Century Textiles
Buy RCom
Buy Sintex Inds
Buy Siemens
Buy McDowell
It’s been another positive week for the bulls with bears making less than a special appearance. A new peak is something most market people are getting used to. But the coming week will have more than its share of volatility. IT’s the results season and the tech numbers, especially that of Infosys will be closely tracked on Oct 11. Profit booking and political developments may bring back the bears. A positive surprise from Infosys may boost the IT counters but that need not keep the markets upbeat for long. Stay extremely cautious and avoid allocating fresh funds till a healthy correction takes place.
Investment calls for next वीक October 05, 2007
Buy Century Textiles
Buy RCom
Buy Sintex Inds
Buy Siemens
Buy McDowell
Investment calls for next week......
It’s been another positive week for the bulls with bears making less than a special appearance. A new peak is something most market people are getting used to. But the coming week will have more than its share of volatility. IT’s the results season and the tech numbers, especially that of Infosys will be closely tracked on Oct 11. Profit booking and political developments may bring back the bears. A positive surprise from Infosys may boost the IT counters but that need not keep the markets upbeat for long. Stay extremely cautious and avoid allocating fresh funds till a healthy correction takes place.
Wish you happy trading next week...
By Kalpesh Patel
Friday, October 5, 2007
Power greed could ‘shock’ bears
Intra-day Stock Ideas
Nifty (5209) Sup 5142 Res 5293
Buy Alstom Projects (873) SL 866
Target 889, ८९३
Buy Tata Steel (865) SL858
Target 877, ८८१
Buy VSNL (451) SL 446
Target 460, ४६३
Sell ITC (185) SL 188
Target 179, १७६
Sell Hotel Leela (50) SL ५३
Target 45, 44
When you doubt your power, you give power to your doubt.
No doubt power stocks will be in action yet again, as Power Grid Corporation of India makes its debut on the bourses today. The mini-ratna PSU major attracted huge response during its IPO, which was heavily subscribed by all class of investors. The company has set an issue price of Rs52.
A premium of Rs30-40 is being talked about in the market.
wISH YOU
HAPPY TRADING
कल्पेश पटेल
Nifty (5209) Sup 5142 Res 5293
Buy Alstom Projects (873) SL 866
Target 889, ८९३
Buy Tata Steel (865) SL858
Target 877, ८८१
Buy VSNL (451) SL 446
Target 460, ४६३
Sell ITC (185) SL 188
Target 179, १७६
Sell Hotel Leela (50) SL ५३
Target 45, 44
When you doubt your power, you give power to your doubt.
No doubt power stocks will be in action yet again, as Power Grid Corporation of India makes its debut on the bourses today. The mini-ratna PSU major attracted huge response during its IPO, which was heavily subscribed by all class of investors. The company has set an issue price of Rs52.
A premium of Rs30-40 is being talked about in the market.
wISH YOU
HAPPY TRADING
कल्पेश पटेल
Thursday, October 4, 2007
No Jai - No Viru 0nly DHIRU !!!
Nifty (5211) Sup 5141 Res 5294
Sell Zee (347) SL 352
Target 339, 337
Sell Sun TV (329) SL 334
Target 321, 319
Buy Maruti (1019) SL 1007
Target 1043, 1048
Buy Colgate (418) SL 414
Target 424, 427
Buy Praj Inds (239) SL 235
Target 246, 249
New Listing:
Shares of Kaveri Seed Company Ltd. will get listed on the bourses today. The IPO of Kaveri Seed closed for subscription on Sept. 11 and received applications for 4.5 times the size of the issue. The company issued shares at a price of Rs170 per share of Rs10 each.
Volatility to continue
After coming close to the 18k mark, the benchmark BSE Sensex turned extremely choppy, as investors locked in some gains amid concerns about high valuations. The benchmark BSE index swung by over 650 points intra-day and recovered nearly 600 points from the days low. Resl Estate, IT, Oil & Gas, Power and Capital Goods shares did particularly well. Pharma stocks ended in the red. The Sensex closed at 17,847, up 518 points or 2.9%. The NSE Nifty ended at 5,210 adding 142 points.
Trade Safe.....
AS R- Factor flying high...
No Jai - No Viru 0nly DHIRU !!!
Kalpesh Patel
Sell Zee (347) SL 352
Target 339, 337
Sell Sun TV (329) SL 334
Target 321, 319
Buy Maruti (1019) SL 1007
Target 1043, 1048
Buy Colgate (418) SL 414
Target 424, 427
Buy Praj Inds (239) SL 235
Target 246, 249
New Listing:
Shares of Kaveri Seed Company Ltd. will get listed on the bourses today. The IPO of Kaveri Seed closed for subscription on Sept. 11 and received applications for 4.5 times the size of the issue. The company issued shares at a price of Rs170 per share of Rs10 each.
Volatility to continue
After coming close to the 18k mark, the benchmark BSE Sensex turned extremely choppy, as investors locked in some gains amid concerns about high valuations. The benchmark BSE index swung by over 650 points intra-day and recovered nearly 600 points from the days low. Resl Estate, IT, Oil & Gas, Power and Capital Goods shares did particularly well. Pharma stocks ended in the red. The Sensex closed at 17,847, up 518 points or 2.9%. The NSE Nifty ended at 5,210 adding 142 points.
Trade Safe.....
AS R- Factor flying high...
No Jai - No Viru 0nly DHIRU !!!
Kalpesh Patel
Wednesday, October 3, 2007
Forget reasons, book some profits
Nifty (5069) Sup 5015 Res 5141
Buy Unitech (317) SL 312
Target 326, 329
Buy Dr Reddy’s (658) SL 652
Target 670, 672
Buy ACC (1210) SL 1197
Target 1237, 1242
Sell BILT (137) SL 141
Target 130, 128
Sell Patni (460) SL 465
Target 451, 449
By Kalpesh Patel
Buy Unitech (317) SL 312
Target 326, 329
Buy Dr Reddy’s (658) SL 652
Target 670, 672
Buy ACC (1210) SL 1197
Target 1237, 1242
Sell BILT (137) SL 141
Target 130, 128
Sell Patni (460) SL 465
Target 451, 449
By Kalpesh Patel
Monday, September 10, 2007
Monday, September 10, 2007
Intra-day Stock Ideas
Nifty (4510) Supp 4440 Res 4535
Buy R Com (544) SL 539
Target 552, 555
Buy Crompton Greaves (323) SL 318
Target 332, 335
Sell Century Tex (804) SL 790
Target 787
Sell CESC (458) SL 463
Target 449, 446
Sell Unitech (248) SL 253
Target 240, 238
Nifty (4510) Supp 4440 Res 4535
Buy R Com (544) SL 539
Target 552, 555
Buy Crompton Greaves (323) SL 318
Target 332, 335
Sell Century Tex (804) SL 790
Target 787
Sell CESC (458) SL 463
Target 449, 446
Sell Unitech (248) SL 253
Target 240, 238
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