Saturday, November 29, 2008

Anthem for New Lead India



NOTHING CAN STOP INDIA! -NOTHING

Friday, November 28, 2008

सेन्सेक्स ( 9092.72) +66.00 अंक चढ्कर, नीफ़टी (2755.10) +2.85 अंक चढ्कर, बंद....

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Delivery Call: Buy IDFC with SL of Rs45 for target of Rs65, 68 and plus Hold for 7days


Sensex : 9096.90 70.18 || Nifty : 2756.40 4.15

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Our delivery call on ITC is upby 3.4%, at 176.60

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Both Nifty Dec Fut and Bank Nifty Def Fut first target achived, Book Profit

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Our Buy & hold call of Kotak Bank is going strong at Rs334, we are long from around Rs420 levels from Wednesday

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Our RIL is going strong at Rs1163, trail SL to cost now

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European markets update: FTSE Index flat, DAX Index flat and CAC Index down 0.6%

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Buy & hold RIL between Rs1115-1135 with SL of Rs1079 for target of Rs1200, 1225


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Asian markets update: Nikkei Index up 1.6%, Hang Seng Index up 2.1% and Kospi Index up 1.1%


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Our SL triggered in Nifty November 2750 CALL

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India's GDP at 7.6%


Indias Q2 GDP growth at
7.6% vs 9.3% (yoy)

Mining up 3.9% vs 5.5% (yoy)

Manufacturing Output up 5%,
Agriculture output up 2.7%

Services output
9.6% v/s 10.5% (yoy)

High risk traders Buy Nifty November 2750 CALL at Rs25-28 with SL of Rs14 for a target of Rs52

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High risk traders buy & hold ICICI Bank between Rs345-352 with SL of Rs331 for target of Rs372, 382


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Our call on Bank Nifty Dec Fut is close to first target hold for next target, Get levels Join Us!

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HRT: Buy and Hold Nifty Dec Fut 2754.90, strict SL 2647.90 hold for 2797, 2824 and 2877 plus

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Delivery Call :: Buy and Hold LT at 737.90, SL 707.90 hold for target Rs777.90 and plus

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Our BTST call of IVRCL Infra is going strong at Rs138.90 Traders maintain a stop loss of Rs134 and stay long




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Market Commnetary ...

Today,we expect the market's initial reaction to be down in the wake of the terrorist attacks in Mumbai. But, with US markets rising smartly on Wednesday and a follow up advance in other global markets, the sentiment may improve later in the day. However, Asian markets are trading mixed today. US markets were shut on Thursday due to Thanksgiving and will open only for half a day today.

We'll also have F&O expiry for the November series, which will add to the volatility. So, we advise investors to stay on the sidelines and not take undue risks till the dust settles on the terrorist strikes. However, history has shown that the markets do rebound after an initial knee-jerk reaction down post any such negative events.


Also, inflation has come down for the third successive week to 8.84% and is likely to fall further over the next few weeks. There have been expectations of further easing in monetary policy for some time after inflation fell into single digits. This may come true following the Mumbai terrorist attacks, as the government tries to shore up the market sentiment.


Mumbai all INDIA are with YOU!

Gunfire is ranging in Mumbai again. The situation is still not under control, even more then 101 people have reportedly lost their lives. But Mumbai this is the time to hold on. The tainted intensions of a handful cannot sway the fortunes of a strong nation.

In this difficult time, would you like to show solidarity with the people of Mumbai who are suffering at the hands of terror forces?

We all should stand united - Media, Politicians , citizens, professionals. People from all religion, classes, caste and masses should work together to remove this menace that has hurt lives of so many innocent people and our brave men from the police and armed forces from Army, Airforce and Navy. This is the time when we all should be calm and be nice to each other in our country. We must protect people who are tourists to India from abroad.
-with the concept we have "Athithi Devo Bhava".

Jai Hind

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