Friday, March 12, 2010
सेन्सेक्स (17166.62) - 01.34 अंक गिरकर, नीफ़्टी (5137.00) 03.60 अंक गिरकर, बंद.
BOOK PROFIT in all below stock ... CASH ON HAND..
TATA Steel
TATA Chemical
STERLITE
CENTURY
JINDAL STEEL
CASH ON HAND..
Corporate Snippets
± Bharti Airtel made its debut into media and entertainment services with the launch of the Airtel Digital Media Business. (BL)
± Fortis Healthcare Ltd acquired 23.9% strategic stake in Singapore-based healthcare service provider, Parkway Holdings Ltd for about US$685.3mn. (BL)
± Bank of India has increased interest rates on big-ticket (wholesale and bulk) deposits by 75-150 basis points across various maturities
± Maruti Suzuki would export at least 35,000 units of the A-Star compact car to Nissan in Europe in FY11. (BL)
± Ashok Leyland plans to import radial CV tyres and has sought a licence from the Government. (BL)
± Hero Honda would finalise the location to set up its fourth manufacturing facility by September 2010. (BL)
± TVS plans engine making unit in Karnataka. (BS)
± CESC intends on adding 5,000 MW of thermal generation capacity over the next few years, with investments in the range of Rs 200bn, by establishing five new facilities. (BS)
± Bosch is expected to declare a lockout at its flagship plant in Bangalore on March 15. (BL)
± Mahindra Satyam has won a US$48mn contract from KMD, an IT major from Denmark that specialises in the public sector projects. (BL)
± ICSA India has received work orders worth Rs1.3bn from Powergrid Corporation of India, taking the total order book size to Rs21.3bn. (BL)
Pre Market Commentary ..
There is no great feeling in the market as we stare at another soft opening. The global markets appear inconclusive. US stock benchmarks posted moderate gains while Europe was subdued. Asian markets are trading mixed. Looks like investors are on a ‘wait-n-watch’ mode and appear to be reluctant in taking major bets immediately. The Nifty is expected to remain stuck in the 5100-5150 range and the next hurdle is near the 5200. Fresh selling could take it as low as 5030-5050.
Inflation numbers showed a spike in fuel price. A possible trigger later in the day would be the IIP numbers.
Meanwhile, India Inc’s global conquest continues unabated – yet another sign of revived confidence following the financial turbulence. The economy is in good shape, if not great. The Government is aiming for the top slot in a few years. This may sound a little ambitious but not unachievable. Much will depend on how the policy landscape unfolds besides of course the state of the world economy. Among the other major headwinds include inflation and its implication on monetary policy.
FIIs were net buyers in the cash segment on Thursday at Rs3.05bn on a provisional basis. Local funds were net sellers of Rs2.02bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs9.70bn. On Tuesday, FIIs were net buyers of Rs17.7bn in the cash segment. On Wednesday, FIIs were net buyers of Rs4.18bn in the cash segment, as per SEBI figures.
Thursday, March 11, 2010
सेन्सेक्स (17167.95) 69.63 अंक चढ्कर, नीफ़्टी (5133.40) 17.15 अंक चढ्कर, बंद..
Our call : SELL NMDC for intraday at first target 259
TRAIL SL COST TO COST
AND HOLD FOR NEXT TARGET
don't buy delivery...sell if any
and buy back at 303 and below..
If u dont have patience ,Dont trade
5058 * * * 5036
As per charts
we expect 4950-4900
level very soon
BOOK PROFIT
ON HIGHER LEVELS!!
sell ... sell ... sell ...303
SEL NMDC for intraday
at and below 370
TARGET 359 AND 349
SURE SHOT
DO NOT SIT ON
DELIVERY..
SELL SELL
Tgt 303
SAVE THIS MESSAGE
Corporate Snippets
± SBI to tap retail bond market next year with a 10-year issue. (ET)
± RIL has leased an ultra deep water drill ship to boost offshore exploration. (BS)
± Tata Steel hit by Orissa Government blanket mining ban order. (BL)
± ITC arm to invest Rs11bn in Bhadrachalam paper plant. (BL)
± NMDC FPO received bids for 17% of the share on day one. (ET)
± NMDC and Nagarjuna Fertilizer are scouting for phosphate mines abroad. (BL)
± Government says no FPO offers in IOC and ONGC as of now. (BL)
± SBI prefers rights issue over FPO says Chairman OP Bhatt. (BS)
± Adani Power out of race to supply power to Gujarat Urja Vikas Nigam. (BS)
± Thermax has formed a JV with Babcock and Wilcox for making super critical boilers. (ET)
± Jayshree Tea is close to acquiring a company in agro commodity space. (ET)
± Supreme Infra wins an order for Rs4.5bn.
Pre Market Commentary ..
The Indian equity market appears set to establish its hold. For all those who wake up trying to track how the Nifty is performing on the Singapore Exchange, there will probably be another breed of investors who will now stay awake to watch the Dow and S&P500 being traded on our exchange.
Meanwhile, stocks appear to have settled into yet another consolidation phase with no substantial newsflow to trigger direction. Traded volumes have been a bit disappointing even as flows from FIIs have improved. The post Budget feel-good factor which actually co-incided with global optimism seems to have ebbed slightly. For lack of other things, fourth quarter results, RBI’s annual policy meeting and monsoon could provide fresh direction going ahead.
Today we expect flat to a slightly higher start. US indices have gained overnight. European stocks too advanced while Asian markets are mostly in the green zone. On the technical front, 5150 is proving to be a tough resistance for the NSE Nifty. On the down side, strong support is expected at 5,000.
FIIs were net buyers in the cash segment on Wednesday at Rs3.64bn on a provisional basis. Local funds were net sellers of Rs3.75bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs1.55bn. On Tuesday, FIIs were net buyers of Rs17.7bn in the cash segment.
Wednesday, March 10, 2010
सेन्सेक्स (17093.33) 45.79 अंक चढ्कर, नीफ़्टी (5116.25)14.75 अंक चढ्कर, बंद..
European markets update: FTSE Index down 0.2%, CAC and DAX Index are trading flat
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Buy and Hold
RIL at 1001
SL 977
Target 1014, 1024
And 1044 plus
Jain Irrigation - delivery call BANG ON TARGET AT 993
"Buy Jain Irrigation at 811
SL 694 hold for target
877, 924 & 1044 plus
Post BUDGET,
hold for 60 days
SURE SHOT!!"
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