Friday, October 30, 2009

 

दैनिक बाजार दृष्टिकोण - 30 oct 2009

निफ्टी (4,751): तत्काल समर्थन 4750 , निफ्टी के लिए महत्वपूर्ण समर्थन 4,699-4,651 पर और प्रतिरोध 4785-4850-4961 पर है | 

सेंसेक्स (16,053): सेंसेक्स के लिए महत्वपूर्ण समर्थन 15,860 और प्रतिरोध 16144-16380-16721 पर है |

अक्टूबर फ्यूचर ऐंड ऑप्शंस सीरीज के लिए सौदे का आखिरी दिन होने की वजह से शेयर बाजार में गुरुवार को खासा उतार-चढ़ाव देखने को मिला गिरावट के साथ बंद हुए। रियल्टी, मेटल और पावर सेक्टर के शेयरों में भारी गिरावट रही, जबकि एफएमसीजी और फार्मा शेयरों में मामूली तेजी देखने को मिली।

बीएसई सेंसेक्स में 231 अंकों की गिरावट रही और यह 16,053 पर बंद हुआ। कारोबार के दौरान ऊंचे में यह 16,264 तक गया, जबकि इसका निचला स्तर 15,994 रहा। नैशनल स्टॉक एक्सचेंज का निफ्टी सूचकांक 76 अंक लुढ़ककर 4,751 पर बंद हुआ। कारोबार के दौरान ऊंचे में यह 4,826 तक गया, जबकि इसका लोअर लेवल 4,738 रहा।

बीएसई के मिडकैप और स्मॉलकैप इंडेक्स क्रमश: 1.95 और 1.29 परसेंट की गिरावट के साथ बंद हुए। सेंसेक्स में जिन कंपनियों के शेयरों में तेजी रही, उनमें महिंद्रा ऐंड महिंद्रा, ओएनजीसी, सन फार्मा, हिंदुस्तान यूनिलीवर और एचडीएफसी शामिल हैं। डीएलएफ, रिलायंस कम्यूनिकेशंस, जयप्रकाश असोसिएट्स, आईसीआईसीआई बैंक और भेल के शेयर गिरावट के साथ बंद हुए।

Free Intraday Tips

SUNDRMFAST ( Sundaram Fasteners Ltd )
BUY ABOVE 46.6 sl-44.9 tgt1-48.10 tgt2-49.30 tgt3-50.50 tgt4-52
SELL BELOW 44.5 sl-45.2 tgt1-43.4 tgt2-42.50 tgt3-41 tgt4-40

ZEENEWS ( Zee News Limited )
BUY ABOVE 55 sl-53.4 tgt1-57 tgt2-59 tgt3-62 tgt4-64
SELL BELOW 52.7 sl-54 tgt1-50 tgt2-48 tgt3-46 tgt4-44

FSL ( Firstsource Solutions Limited )
BUY ABOVE 31.7 sl-31 tgt1-33 tgt2-34.5 tgt3-36 tgt4-37
SELL BELOW 30.5 sl-31.2 tgt1-29.6 tgt2-28.80 tgt3-28 tgt4-27.5

VOLTAS ( Voltas Ltd )
BUY ABOVE 154 sl-151 tgt1-158 tgt2-162.5 tgt3-165 tgt4-167
SELL BELOW 150.5 sl-152 tgt1-147.5 tgt2-145 tgt3-142.50 tgt4-141

GAIL ( Gail (India) Ltd )

BUY ABOVE 345 sl-339 tgt1-349 tgt2-355 tgt3-361 tgt4-366
SELL BELOW 337 341 sl-334 tgt2-329 tgt3-322 tgt4-315

THINKSOFT ( Thinksoft Global Services Limited )

BUY ABOVE 222 sl-214 tgt1-229 tgt2-234 tgt3-241 tgt4-250
SELL BELOW 212 sl-215 tgt1-207 tgt2-202 tgt3-197 tgt4-194

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DAILY MARKET OUTLOOK - 30 Oct 2009

Nifty (4751): immediate support is at 4750 the crucial support for the Nifty is at 4699-4651 and resistance is at 4785-4850-4961.

Sensex (16053): The crucial support for the Sensex is 15860 and the resistance is at 16144-16380-16721

Global weakness, end of October F&O series saw volatility on the Indian market that ended at the low point of the day but on heavy volumes. The recovery in the day was seen as a short covering rally. Experts believe there could be a bounce in the near-term after 8 straight days of correction and this could be used as an opportunity to book profits. Sensex shut shop at 16052, down 230 points and Nifty was at 4750, down 75 points from the previous close. CNX Midcap index was down 1.25% and BSE Smallcap index was down 1.29%. There was heavy selling in realty stocks, index down 6%. The market breadth was in the negative with advances at 317 against declines of 958 on the NSE. Top Nifty gainers included Mahindra & Mahindra, BPCL and Ranbaxy while losers were DLF, RCom and Reliance Capital.

we said ‘the day ahead is an F&O expiry day and 4800 is the region where short covering should come in…volatility is expected and stops could get triggered and 4780 has now become a crucial support’ the market traded volatile and weak and looks the market should take support near the 4699 zone on the last day of the week…

Free Intraday Tips

SUNDRMFAST ( Sundaram Fasteners Ltd )
BUY ABOVE 46.6 sl-44.9 tgt1-48.10 tgt2-49.30 tgt3-50.50 tgt4-52
SELL BELOW 44.5 sl-45.2 tgt1-43.4 tgt2-42.50 tgt3-41 tgt4-40

ZEENEWS ( Zee News Limited )
BUY ABOVE 55 sl-53.4 tgt1-57 tgt2-59 tgt3-62 tgt4-64
SELL BELOW 52.7 sl-54 tgt1-50 tgt2-48 tgt3-46 tgt4-44

FSL ( Firstsource Solutions Limited )
BUY ABOVE 31.7 sl-31 tgt1-33 tgt2-34.5 tgt3-36 tgt4-37
SELL BELOW 30.5 sl-31.2 tgt1-29.6 tgt2-28.80 tgt3-28 tgt4-27.5

VOLTAS ( Voltas Ltd )
BUY ABOVE 154 sl-151 tgt1-158 tgt2-162.5 tgt3-165 tgt4-167
SELL BELOW 150.5 sl-152 tgt1-147.5 tgt2-145 tgt3-142.50 tgt4-141

GAIL ( Gail (India) Ltd )

BUY ABOVE 345 sl-339 tgt1-349 tgt2-355 tgt3-361 tgt4-366
SELL BELOW 337 341 sl-334 tgt2-329 tgt3-322 tgt4-315

THINKSOFT ( Thinksoft Global Services Limited )

BUY ABOVE 222 sl-214 tgt1-229 tgt2-234 tgt3-241 tgt4-250
SELL BELOW 212 sl-215 tgt1-207 tgt2-202 tgt3-197 tgt4-194

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Thursday, October 29, 2009

 

आपका IIFPL आपकी भाषा में , क्योंकि हम आपकी भाषा बोलते हैं




आपमें से कई लोगों ने कहा की निवेश , भारतीय बाज़ार और स्टॉक मार्केट से जुडी खबरें और आज का कारोबार क्या खरीदें क्या बेचें, वो हिंदी भाषा में पढना चाहेंगे . आपकी इस इच्छा को ध्यान में रखते हुए और आपके विचारो का सम्मान करते हुए हमने कोशिश की है कि कुछ ऐसी ही विशिष्ट प्रस्तुतियां नए ढंग और कलेवर के साथ आपके सामने प्रस्तुत की जाएं. और आज जब हमने एक वर्ष की समयावधि को पूरा कर लिया है तो नवीन वर्ष में कुछ नया प्रयोग |

आपके सुझाव पर अमल करते हुए हमने अपने ब्लॉग को इंग्लिश के साथ साथ हिंदी में भी  शुरू करने का फ़ैसला किया. जिससे एक आम निवेशक और ट्रेडर और  फाइनेंस में  रुचि रखने वालों को और कहीं जाने की ज़रूरत नहीं रहेगी. 

 
यह ब्लॉग आपको समर्पित है. यह आपके सुझावों और परामर्श से ही संभव हो पाया है. यह आपको आकर्षित करेगा, यह मेरा दावा है. लेकिन अनुरोध है कि आप पहले पोस्ट तक ही न रुकें बल्कि आगे भी बढ़ें और आगे पढें. 

 
उम्मीद करते हैं की यह ब्लॉग शेयर बाज़ार और भारतीय अर्थव्यवस्था को आम आदमी से जोड़ने और कारोबारी  गतिविधियों की सूचना आम जनता तक पहुंचाने में मददगार साबित होगा  |


तो देखिए IIFPL  ब्लॉग का का बदला हुआ रूप और मजा लीजिये बर्थडे बैश का ( 50 % DISCOUNT ON ADVISROY ) और तुरंत अपनी प्रतिक्रिया से अवगत कराइए.
यह याद रखिए कि आपकी टिप्पणियाँ हमारे लिए एक अनमोल धरोहर हैं. उन्हें आने दीजिए.







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IIFPL's Year Behind & Decade Ahead...




Dear All,

A Year Ago, We started IIFPL (Incredible Inspirations Finvest Pvt. Ltd) with an aim to provide financial services to ensure growth & prosperity of Investors & Traders.

The journey was not without its own share of thrills and spills and it is undoubtedly the ‘never-say-die’ spirit of team IIFPL, that won.  An amazing journey this far. Is but a modest beginning, towards our goal of becoming a financial powerhouse. as today, One interesting and event-filled year into our journey, we take a deep breath and get ready to immerse ourselves in the pursuit of greater and bigger goals.




On this Special Day, We have 2 announcements

1. today onwards u can read this blog in hindi also
2. we wish to present you as a special thank you for being a loyal client with us - this special birthday bash 50% Off on All Advisory Products.


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Wednesday, October 28, 2009

 

DAILY MARKET OUTLOOK - 28 Oct 2009

Nifty (4847): the crucial support for the Nifty is at 4699 and resistance is at 4961-5050.


Sensex (16353): The crucial support for the Sensex is 16221-15861 and the resistance is at 16721-17016-17107


It was a disappointing day of trade today as the market closed at the low point of the day. Market saw the biggest point fall on the Sensex and Nifty since August 17 post the RBI's credit policy blow in the afternoon. The policy hit real estate stocks hard that dragged the market lower and Nifty breached the crucial 4900 level. Market also recorded the third highest turnover of Rs 1.46 lakh crore on account of F&O expiry and resultant volatility this week. Sensex shut shop at 16353, down 387 points and Nifty at 4846, down 124 points from the previous close. CNX Midcap index was down 3.68% and BSE Smallcap index was down 4.42%. The market breadth was in the negative with advances at 113 against declines of 1174 on the NSE. Top Nifty gainers included Wipro, Tata Motors and Sun Pharma while losers were Reliance Capital, Hindalco and Unitech.


we said ‘the market has cracked and closed below 4987 mark thus comprising the up trend but I still think 4900 will hold until F&O expiry and violent up move is still not ruled out to trap the shorts’ the market cracked the 4900 mark and confirmed the termination of the up trend…so far the trends seems to be sideways with a negative bais

Free Intraday Tips 


PTC ( PTC India Limited )
BUY ABOVE 98 sl-94.5 tgt1-101.5 tgt2-103 tgt3-105 tgt4-107
SELL BELOW 94 sl-95.1 tgt1-92.5 tgt2-90 tgt3-87 tgt4-85


NUCLEUS ( Nucleus Software Exports )
BUY ABOVE 110.5 sl-109.4 tgt1-112.5 tgt2-115 tgt3-117.5 tgt4-120
SELL BELOW 108 sl-110 tgt1-106 tgt2-104 tgt3-102 tgt4-100


PVP ( PVP Ventures Limited )
BUY ABOVE 47 sl-45.5 tgt1-48.5 tgt2-50 tgt3-51.50 tgt4-53
SELL BELOW 45 sl-46 tgt1-44 tgt2-43 tgt3-42 tgt4-41


MCLEODRUSS ( Mcleod Russel India Ltd. )
BUY ABOVE 204 sl-202 tgt1-208 tgt2-212 tgt3-215 tgt4-220
SELL BELOW 201 sl-203 tgt1-198 tgt2-195 tgt3-192 tgt4-188


THINKSOFT ( Thinksoft Global Services Limited )
BUY ABOVE 197 sl-192 tgt1-205 tgt2-212 tgt3-218 tgt4-225
SELL BELOW 182 sl-186 tgt1-177 tgt2-172 tgt3-165 tgt4-155


TATAMOTORS ( Tata Motors Limited )
BUY ABOVE 553 sl-548 tgt1-562 tgt2-575 tgt3-582 tgt4-595
SELL BELOW 545 sl-551 tgt1-536 tgt2-525 tgt3-515 tgt4-501

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Tuesday, October 27, 2009

 

DAILY MARKET OUTLOOK - 27 Oct 2009

Nifty (4971): the crucial support for the Nifty is at 4950-4900 and resistance is at 5050-5100-5183.upside possible 5100-5180 


Sensex (16741): The crucial support for the Sensex is 16700-16680-16425 and the resistance is at 17016-17107-17198


It was a volatile and weak day of trade for our market today and traders are jittery ahead of the RBI's credit policy tomorrow. This is also F&O expiry week so experts expect some choppiness. The market closed in the negative today with buying in IT and auto stocks and selling in realty and banking stocks. Sensex shut shop at 16740, down 70 points and Nifty at 4970, down 26 points from the previous close. CNX Midcap index was down 1.61% and BSE Small cap index was down 1.31%. The market breadth was negative with advances at 389 against declines of 891 on the NSE . Top Nifty gainers included Cipla, Ranbaxy and Tata Steel while losers were Unitech, DLF and Suzlon. 


we said ‘well the market has managed to stay above 4987 and so I would say the trend is still intact UP’ the market has cracked and closed below 4987 mark thus comprising the up trend but I still think 4900 will hold until F&O expiry and violent up move is still not ruled out to trap the shorts…

Free Intraday Tips 


REIAGROLTD ( Rei Agro Limited )
BUY ABOVE 50.5 sl-49.8 tgt1-51.8 tgt2-52.50 tgt3-53.80 tgt4-55
SELL BELOW 49.3 sl-50 tgt1-48.5 tgt2-47.50 tgt3-46 tgt4-45


BALRAMCHIN ( Balrampur Chini Mills Ltd )
BUY ABOVE 145.5 sl-144 tgt1-148 tgt2-150 tgt3-153 tgt4-156
SELL BELOW 143 sl-145 tgt1-141 tgt2-138 tgt3-136 tgt4-133


NATCOPHARM ( Natco Pharma Ltd. )
BUY ABOVE 125 sl-121 tgt1-129 tgt2-132 tgt3-136 tgt4-141
SELL BELOW 120 sl-122 tgt1-115 tgt2-111 tgt3-107 tgt4-104


ZEEL ( Zee Entertainment Enterprises Ltd )
BUY ABOVE 250 sl-245 tgt1-259 tgt2-265 tgt3-270 tgt4-275
SELL BELOW 243 sl-247 tgt1-238 tgt2-230 tgt3-222 tgt4-215


INDIAGLYCO ( India Glycols Ltd )
BUY ABOVE 154 sl-152 tgt1-158 tgt2-162 tgt3-165 tgt4-169
SELL BELOW 151 sl-153.5 tgt1-148 tgt2-145 tgt3-142.50 tgt4-140


TATAMOTORS ( Tata Motors Limited )
BUY ABOVE 543 sl-536 tgt1-552 tgt2-561 tgt3-570 tgt4-576
SELL BELOW 534 sl-540 tgt1-525 tgt2-505 tgt3-495 tgt4-480

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Sunday, October 25, 2009

 

DAILY MARKET OUTLOOK - 26 Oct 2009

Nifty (4997): the crucial support for the Nifty is at 4990-4935 and resistance is at 5050-5100-5183. upside possible  5100-5180

Sensex (16811): The crucial support for the Sensex is 16764-16682 and the resistance is at 17016-17107-17198

It was a volatile week for our market that continued to be under pressure. Experts feel if there is a correction in the market it would be healthy. Next week is F&O expiry so expect some volatility and interest rates are unlikely to be changed. Earnings too have been in line with expectations, so by month end the market will get a clearer direction. This week's figures were: Sensex and Nifty both down almost 3%. BSE Midcap index was down 2.1%, BSE Smallcap index down 1.3% over the week. BSE Oil & Gas index was down 6.5%, BSE Consumer Goods index down 6%, BSE Realty index down 3.5%, BSE Metal index down 2.2%. BSE IT index was up 3.25% and BSE FMCG index up 1.25 3%.

we said ‘I would say all is not lost as long as 4987 holds and that’s just 13 points below the strong psychological mark 5000’ and that’s where the market has closed right on the dot and if the market manages to stay above it in the next trading session then I would say the trend is still intact up…will it’ well the market has managed to stay above 4987 and so I would say the trend is still intact UP 

Free Intraday Tips

GSPL ( Gujarat State Petronet Limited )
BUY ABOVE 89.5 sl-88 tgt1-91 tgt2-92.6 tgt3-94 tgt4-95
SELL BELOW 87.4 sl-88.5 tgt1-86.5 tgt2-85 tgt3-84 tgt4-82.50

KIRLOSOIL ( Kirloskar Oil Engines Ltd )
BUY ABOVE 141 sl-136 tgt1-145 tgt2-150 tgt3-155 tgt4-161
SELL BELOW 135 sl-137 tgt1-131 tgt2-126 tgt3-121 tgt4-117

GVKPIL ( Gvk Power & Infrastructure Limited )
BUY ABOVE 52 sl-51.5 tgt1-52.70 tgt2-53.4 tgt3-54.10 tgt4-55
SELL BELOW 51.1 sl-51.8 tgt1-50.4 tgt2-49.8 tgt3-49 tgt4-48.20

BAJAJHIND ( Bajaj Hindustan Ltd )
BUY ABOVE 234 sl-230 tgt1-237 tgt2-243 tgt3-250 tgt4-255
SELL BELOW 228 sl-231 tgt1-224 tgt2-220 tgt3-217 tgt4-212

DRREDDY ( Dr. Reddys Laboratories )
BUY ABOVE 963 sl-943 tgt1-977 tgt2-991 tgt3-1005 tgt5-1025
SELL BELOW 940 sl-948 tgt1-929 tgt2-910 tgt3-896 tgt4-888

IDFC ( Infrastructure Development Finance Company Ltd )
BUY ABOVE 161.6 sl-159.5 tgt1-162.5 tgt2-164.5 tgt3-166 tgt4-169
SELL BELOW 158.5 sl-161 tgt1-157 tgt2-155 tgt3-153 tgt4-150

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Friday, October 23, 2009

 

Sebi allowed extension of trading hours. Market trading hours extended to 9am-5pm to align with international standards

You may soon be able to trade in the Indian stock markets between 9 am and 5 pm, with the Securities and Exchange Board of India (SEBI) giving the go-ahead for stock exchanges to extend trading hours. SEBI released an official circular on its website saying it was okay with trading hours being extended.

The Securities and Exchange Board of India has allowed stock exchanges to extend the trade timing from the present 10 am to 3.30 pm to 9am to 5 pm. It is now up to the exchanges to put in to place the necessary infrastructure before going for the extended trading hours.

it is an attempt to align the timings of Indian bourses with international standards.The rationale: the market regulator believes it is important to align Indian markets as far as possible with international markets, as it would attract international trading.

“With increased integration of the global markets, information originating from different countries has a bearing on Indian securities market. While the Asian markets are ahead of Indian time zone, the European and American markets extend much beyond the Indian market timings,” it said.

“Some exchanges in these countries have adopted longer trading hours, sometimes even extending up to 23 hours. This has facilitated market participants to hedge their risk that might arise due to global information flow,” Sebi said in a discussion paper.

Extending trade timings of the domestic exchanges may, therefore, enable domestic market participants to take advantage of such global information flows, Sebi said.

The stock exchanges will take a final decision in this regard even though both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) had been calling upon the regulator to allow trading hours to be extended and sources say the NSE may soon implement the extended trading hours.

The exchanges’ view have been thought to be asking for an extension to counter the emerging SGX exchange, which opens at 8am, and which could be impacting volumes on BSE and NSE.

In consultation with the Stock Exchanges and other market participants, it has been decided to permit the Stock Exchanges to set their trading hours (in the cash and derivatives segments) subject to the condition that

a. The trading hours are between 9 AM and 5 PM, and

b. The Exchange has in place risk management system and infrastructure commensurate to the trading hours.


This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
This Circular is available on SEBI website at www.sebi.gov.in., under the category “Derivatives- Circulars”.

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DAILY MARKET OUTLOOK - 23 Oct 2009

Nifty (4989):  Nifty has immediate support around 4980-4930 and resistance is at 5100-5183. upside possible 5100-5180

Sensex (16790): Support Around 1666-16500 resistances 17000-17185.

It was a bad day for our market on account of profit booking and global weakness. Sensex shut shop at 16789, down 219 points and Nifty is at 4988, down 75 points from the previous close. CNX Midcap index was down 1.74% and BSE Smallcap index was down 1.96%. The market breadth was negative with advances at 279 against declines of 994 on the NSE. Top Nifty gainers included HCL Technologies, HUL and ITC while losers were JP Associates, Unitech and DLF.

we said ‘technically the trends is still intact up as long 5090 holds and somehow it looks more like sideways trend’ the market weakened and breached the 5090 mark and that’s negative and I would say all is not lost as long as 4987 holds and that’s just 13 points below the strong psychological mark 5000 

We have to look on today's market as last trading session of the week & consolidation may continue. Be Cautious.

Free Intraday Tips

CAMBRIDGE ( Cambridge Solutions Limit )
BUY ABOVE 99 sl-96.3 tgt1-102 tgt2-105 tgt3-107     tgt4-111
SELL BELOW 95.5 sl-97 tgt1-92 tgt2-89.5 tgt3-87 tgt4-84

INDIAGLYCO ( India Glycols Ltd )
BUY ABOVE 147 sl-142 tgt1-151 tgt2-156 tgt3-160 tgt4-165
SELL BELOW 141 sl-143 tgt1-138 tgt2-134 tgt3-130 tgt4-125

ASHOKLEY ( Ashok Leyland Ltd )
BUY ABOVE 44 sl-43.6 tgt1-45 tgt2-46.2 tgt3-47 tgt4-48
SELL BELOW 43.3 sl-43.8 tgt1-42.5 tgt2-41.2 tgt3-40.50 tgt4- 39.80

JAYSREETEA ( Jayshree Tea And Industries )
BUY ABOVE 319 sl-316 tgt1-325 tgt2-334 tgt3-340 tgt4-345
SELL BELOW 314 sl-317 tgt1-309 tgt2-302 tgt3-295 tgt4-289

ITC ( ITC Ltd )
BUY ABOVE 248 sl-246 tgt1-253 tgt2-257 tgt3-261 tgt4-265
SELL BELOW 244 sl-247 tgt1-241 tgt2-238 tgt3-234 tgt4-230

HCLTECH ( HCL Technologies Ltd )
BUY ABOVE 328 sl-325 tgt1-331 tgt2-336 tgt3-340 tgt4-344
SELL BELOW 324 sl-327 tgt1-321 tgt2-317 tg3-314 tgt4-310

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Wednesday, October 21, 2009

 

Dollar Takes It On The Chin

Dollar Takes It On The Chin

Look out for the euro at $1.50 and volatility across asset classes to follow.
 
So far this earnings season, America's corporations have shown signs of recovery even if there's a little too much reliance on cost-cutting to drive profits. The rehabilitation of corporate American will, in the long run, allow the Federal Reserve to raise interest rates and eventually support the dollar.

Until then, says analyst Andrew Wilkinson of Interactive Brokers, investors should dismiss all talk of defending the dollar as just that, talk. "Authorities have every interest but no appetite for rescuing the dollar as yet," he wrote to clients Tuesday morning.

At 1.4950, the euro is poised to break the $1.50 mark--that's the psychological barrier to watch. Writes Wilkinson: "Traders are expecting that a push beyond there will create some violent response as stops are triggered and dealers initiate long positions on a technical breakdown for the dollar. In that sense the market is playing a potentially explosive game of Buckaroo, with companies trying to add more and more positive earnings reports on the saddle of an increasingly irate mule. We watch intensely to find out which report card will send Bucky over the edge!"

As noon approached Tuesday, the tradition dollar-down/commodities-up dynamic broke down a bit. Oil prices fell $1.11 a barrel to under $79 a barrel, and gold fell 10 bucks an ounce to $1050. This is probably all attributable to short-term volatility around the dollar/euro relationship. It also could be profit taking because gold reached an intraday high of $1069 before falling.

Oil might also have felt the impact of the Organization of Petroleum Exporting Countries. "OPEC's Secretary General El-Badri said he believes oil prices above $80 were 'a bit high' and will hamper economic growth unless floating storage is eliminated and crude stockpiles are lowered," report strategists from Raymond James.

The Dow Jones industrial average was down 78 points to 1014 headed into noon. The S&P 500 dropped 10 to 1087, and the Nasdaq fell 16 to 2160. Dow 10,000 is another psychological barrier worth watching, at least intraday.

Qatar announced that it would sell its $2 billion stake in British bank Barclays ( BCS - news - people ), a sign that has the market jittery as it implies that sovereign wealth funds, which came to the rescue of many financial companies during the crisis, are now seeking some diversification.

Shares of financial services company Comerica ( CMA - news - people ) are up 5% to $32 after it released earnings a few cents below the Street's mean forecast but also reported improving credit quality on its loan book.

Shares in Apple ( AAPL - news - people ) are also up 5% in the wake of its blowout earnings announcement. The rest of the technology sector is down. (See "Apple Kills Recession.")

In Forbes, economists Brian S. Wesbury and Robert Stein report that they have increased their already optimistic GDP forecasts for the United States to 5.5% in the fourth quarter. (See "Rational Exuberance.")

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DAILY MARKET OUTLOOK - 22 Oct 2009

Nifty (5063): Nifty has immediate support around 4980 and resistance is at 5100-5183. upside possible  5100-5180

Sensex (17009): Support Around 16980 then 16920 and Resistances 17185.

It was a ranged and mildly volatile day of trade that saw the market end weak on account of profit booking.
Sensex shut shop at 17009, down 213 points and Nifty at 5063, down 50 points from the previous close. CNX  Midcap index was down 1.88% and BSE Smallcap index was up 0.23%. The market breadth was negative with  advances at 496 against declines of 776 on the NSE. Top Nifty gainers included HCL Technologies, Jindal  Steel and TCS while losers were Tata Motors, Tata Steel and HDFC.

we said ‘technically the trends is still intact up as long 5090 holds and somehow it looks more like sideways trend’ the market weakened and breached the 5090 mark and that’s negative and I would say all is not lost as long as 4987 holds and that’s just 13 points below the strong psychological mark 5000 

Free Intraday Tips

NIITTECH ( NIIT Technologies Ltd )
BUY ABOVE 146 sl-141.9 tgt1-152.5 tgt2-155 tgt3-159.50 tgt4-164
SELL BELOW 141 sl-142.6 tgt1-137 tgt2-132 tgt3-128 tgt4-123

OILCOUNTUB ( Oil Country Tubular Ltd )

BUY ABOVE 112 sl-108.5 tgt1-115 tgt2-117.50 tgt3-120 tgt4-124
SELL BELOW 108 sl-109.5 tgt1-105 tgt2-101 tgt3-97 tgt4-94

HOCL ( Hindustan Organic Chemica )
BUY ABOVE  45.8 sl-44.8 tgt1-47.2 tgt2-48 tgt3-48.70 tgt4-49.5
SELL BELOW 44.4 sl-45 tgt1-43 tgt2-42 tgt3-41 tgt4-40
                      
POLARIS ( Polaris Software Lab Ltd )
BUY ABOVE 176 sl-166.5 tgt1-182 tgt2-186 tgt3-190 tgt4-193
SELL BELOW 166 sl-168 tgt1-161 tgt2-158 tgt3-151 tgt4-144

COREPROTEC ( Core Projects And Technologies Limited )
BUY ABOVE 209 sl-206 tgt1-213 tgt2-216 tgt3-219 tgt4-222
SELL BELOW 205 sl-207 tgt1-202 tgt2-199 tgt3-196 tgt4-191

WALCHANNAG ( Walchandnagar Industries )

BUY ABOVE 235 sl-229 tgt1-245 tgt2-250 tgt3-256 tgt4-263
SELL BELOW 227 sl-231 tgt1-221 tgt2-217 tgt3-210 tgt4-199

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DAILY MARKET OUTLOOK - 21 Oct 2009

Nifty (5114): The crucial support for the Nifty is at 5090-5110 and resistance is at 5183-5219. upside possible 5180-5222

Sensex (17223):Immediate Support Around 17210  Crucial Support 17000 and Resistances 17380-17410.

It was a lackluster day of trade with a flat closing. The broader market did not perform and there was selling in oil and gas while metal stocks were shining. 
Weak global cues and profit booking put pressure on our market that closed flat on the first day of trade after a flat muhurat trading session on Diwali (Saturday). Today, Sensex shut shop at 17223, down 103 points and Nifty at 5114, down 27 points (provisional) from the previous close. CNX Midcap index was up 0.04% and BSE Smallcap index was up 0.15%. The market breadth was negative with advances at 558 against declines of 715 on the NSE. Top Nifty gainers included Hindalco, HCL Technologies and SAIL while losers were Reliance Communications, Suzlon and Mahindra & Mahindra.

The Nifty witnessed an intra day movement of about 79.30 points. The closing index was 0.53% down as compared to the previous closing index.

Index futures saw a trading volume of Rs.15651.66 crores arising out of 628722 contracts and Index options saw 1336336 contracts getting traded at a notional value of Rs.34317.58 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.74134.92 crores. Out of 179 securities, options on 112 underlying securities got traded. The total number of contracts traded was 66397 with a notional value of Rs.2299.48 crores.

we said ‘technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture’ the market has achieved its target of 5154 and there is no sign of weakness as yet…technically trend is still intact up as along 5100 holds’ the market unfolded volatile first climbing up hitting our resistance of 5183 like a dot and then cracking…technically the trends is still intact up as long 5090 holds and somehow it looks more like ways trend…

Free Intraday Tips

GLOBUSSPR ( Globus Spirits Limited )
BUY ABOVE 89 sl-86 tgt1-92 tgt2-95 tgt3-97 tgt4-99 tgt5-100
SELL BELOW 84 sl-85 tgt1-82 tgt2-80 tgt3-77 tgt4-74 tgt5-72

GVKPIL ( Gvk Power & Infrastructure Limited )
BUY ABOVE 52.5 sl-51.4 tgt1-53.5 tgt2-55 tgt3-57 tgt4-58.50
SELL BELOW 51 sl-51.8 tgt1-50 tgt2-48.80 tgt3-47.70 tgt4-46.90

TRIVENI ( Triveni Engg. And Inds. Ltd )
BUY ABOVE 124 sl-122.5  tgt1-126 tgt2-128 tgt3-130 tgt4- 132 tgt5-135
SELL BELOW 121 sl-122.5     tgt1-120 tgt2-118 tgt3-116 tgt4-114 tgt5-112

SRF ( SRF Ltd )
BUY ABOVE 222 sl-215 tgt1-229 tgt2-235 tgt3-240 tgt4-245
SELL BELOW 208 sl-212 tgt1-202 tgt2-195 tgt3-190 tgt4-184

BAJAJHIND ( Bajaj Hindustan Ltd )
BUY ABOVE 238 sl-233 tgt1-242 tgt2-247 tgt3-251 tgt4-255
SELL BELOW 229 sl-232 tgt1-226 tgt2-220 tgt3-217 tgt4-214

JPASSOCIAT ( Jaiprakash Associates Ltd )
BUY ABOVE 266 sl-262 tgt1-269 tgt2-273 tgt3-276 tgt4-280
SELL BELOW 261 sl-263 tgt1-259 tgt2-255 tgt3-250 tgt-245

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Tuesday, October 20, 2009

 

MCX lowers transaction fees is it benefit to commodity players or one more game plan to pin hole the pockets of small & medium traders

MCX lowers transaction fees is it benefit to commodity players or one more game plan to pin hole the pockets of small n medium traders

The Multi Commodity Exchange of India (MCX) has lowered the transaction fees for members, a move that is expected to bring down the cost of transaction by 50 per cent.

In a circular issued on October 17, MCX said from November 2, 2009, members would have to pay a transaction charge of Rs 2.50 per Rs 1,00,000 of turnover if their average daily business is within Rs 250 crore.

The transaction fee of an exchange is paid by members and is calculated on the basis of their daily turnover on the exchange.

Currently, members of MCX pay Rs 4 per lakh of turnover if their daily average business is within Rs 20 crore. Those with a daily business of over Rs 20 crore but less than Rs 100 crore, pay Rs 3 per lakh.

On incremental turnover above Rs 100 crore to Rs 300 crore, the transaction charge is Rs 2 and on over Rs 300 crore daily business, the fee is charged at the rate of Re 1.

"We are hopeful that this significant reduction will bring down the cost of transaction by up to 50 per cent, substantially benefiting the market participants," MCX said.

However, members with a turnover between Rs 100 crore and Rs 250 crore, who under the old rate were charged at Rs 2 per lakh, will have to pay 50 paise more from next month due to change in the slab structure, an analyst pointed out.

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BSE to change F&O contracts cycle to improve liquidity

BSE to tweak F&O contracts to improve liquidity
In a bid to create more volumes by increasing arbitrage opportunities, the Bombay Stock Exchange (BSE) has revamped its derivatives segment by changing the expiry cycle of futures and options (F&O).

In response to inputs from market players and to improve liquidity in the F&O segment, the exchange has decided to change the expiry day of all monthly index futures and options from last Thursday of the month to the third-last Thursday of the month. Also, the expiry cycle of all weekly options contracts will be changed from Monday-Friday to Friday-Thursday. This mease the expiry will be on Thursday instead of Friday.

A BSE spokes person told Business Standard that this was one of the many steps being contemplated to improve liquidity in the exchange’s derivative segment. The BSE has futures trading in Sensex, Mini Sensex, BSE TECK, BSE Oil & Gas and BSE Bankex and options contracts in Sensex, Mini Sensex, RIL, SBI and TISCO.

The new cycle is expected to give a longer life to contracts. BSE is also introducing fortnightly contracts from next month.

“The BSE need to focus on bringing liquidity to the futures segment, which will also benefit the options segment,” said Sidharth Bhamre, head of derivatives at Angel Broking.

Trading in share options in the derivatives segment has been rising consistently.

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Monday, October 19, 2009

 

DAILY MARKET OUTLOOK - 20th Oct 2009

Nifty: (5142) The crucial support for the Nifty is at 5080-5110 and resistance is at 5183-5219 and upside possible 5180-5222

BSE Sensex: (17326) The crucial support for the Sensex is 17000 and the resistance is at 17356-17439

The muhurat trading session today ended quite flat with the market closing in the red. Sensex shut shop at 17326, up 3 points and Nifty at 5141, down 0.3 points from the previous close. CNX Midcap index was up 0.6% and BSE Smallcap index was up 1.4%. The market breadth was positive with advances at 915 against declines of 228 on the NSE. Top Nifty gainers included Sterlite Industries, RCom and Ambuja Cements while losers included ICICI Bank, Cipla and ONGC.

Out of 179 securities, stock futures on 177 underlying securities got traded. The total number of contracts traded was 156963 with a traded value of Rs.5324.65 crores

we said ‘technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture’ the market has achieved its target of 5154 and there is no sign of weakness as yet…technically trend is still intact up as along 5100 holds…analysis still remains the same…

INTRADAY CALLS

GSPL ( Gujarat State Petronet Limited )
BUY ABOVE 87.5 sl-86.7 tgt1-88.5 tgt2-90 tgt3-91.20 tgt4-92.50
SELL BELOW 86 sl-87.2 tgt1-85.3 tgt2-84.20 tgt3-83.30 tgt4-82.50

WELSPUNIND ( Welspun India Ltd )
BUY ABOVE 67.5 sl-65.6 tgt1-68.50 tgt2-69.50 tgt3-70.40 tgt4-71.10
SELL BELOW 65 sl-66 tgt1-64 tgt2-63 tgt3-62 tgt4-61

PARSVNATH ( Parsvnath Developer Ltd )
BUY ABOVE 138 sl-136.5 tgt1-139.5 tgt2-142 tgt3-143.50 tgt4-145
SELL BELOW 135.5 sl-137.5 tgt1-134 tgt2-132.90 tgt3-131.50 tgt4-130

LITL ( Lanco Infratech Ltd. )

BUY ABOVE 572 sl-566 tgt1-578 tgt2-584 tgt3-591 tgt4-596
SELL BELOW 561 sl-568 tgt1-556 tgt2-550 tgt3-546 tgt4-540

STAR ( Strides Arcolab Limited )
BUY ABOVE 176 sl-173.5 tgt1-178 tgt2-180 tgt3-182.50 tgt4-185
SELL BELOW 172 174.5 tgt1-169.90 tgt2-167 tgt3- 165 tgt4-163

KALPATPOWR ( Kalpataru Power Trans. Ltd. )
BUY ABOVE 1005 sl-978 tgt1-1028 tgt2-1040 tgt3-1065 tgt4-1080
SELL BELOW 973 sl-985 tgt1-955 tgt2-935 tgt3-910 tgt4-890

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Saturday, October 17, 2009

 

MUHARAT TRADING SCRIPS BUY FOR NEXT DEEPAWALI


Incredible Inspirations Finvest Pvt. Ltd. Wishes YOU HAPPY DIWALI
May the light that we celebrate at Diwali show us the way and lead us together on the path of peace and social harmony "WISHING U & UR FAMILY A VERY HAPPY & A SAFE DEEPAVALI"

Nifty: (5142) The crucial support for the Nifty is at 5100 and resistance is at 5183-5219

BSE Sensex: (17322) The crucial support for the Sensex is 17000 and the resistance is at 17356-17439

It was a quiet day of trade for the Indian market which, however, ended at a fresh 17-month high. Tomorrow there will muhurat trading between 6.15-7.15 pm on the occasion of Diwali. Sensex shut shop at 17322, up 127 points and Nifty at 5142, up 33 points from the previous close. CNX Midcap index  was up 1.4% and BSE Smallcap index was up 0.5%. The market breadth was positive with advances at 697 against declines of 561 on the NSE. Top Nifty gainers included DLF, SBI and Cairn India while losers included Sterlite Industries, Ambuja Cements and Mahindra & Mahindra.

we said ‘technically the trend is still intact UP but I would not rule out VOLATILITY as the market  is at a very crucial juncture’ the market has achieved its target of 5154 and there is no sign of  weakness as yet…technically trend is still intact up as along 5100 holds…


MUHARAT TRADING SCRIPS buy for next Deewali

DEEWALI CRACKERS - MULTIBAGGERS

ICSA (ICSA India Limited)
buy @ cmp-217 sl-180 target 310....350...401

JINDAL STEEL (Jindal Steel & Power Ltd.)
buy @ cmp-698 sl-620 target 790 .. 860...1020..1150

INDIABULLS(Indiabulls Financial Services Limited )
 buy @ cmp-187 sl-155 target 250...301..327...365

UNITEC (Unitech Ltd)
buy @ cmp-104 sl-89 target 123...144...162..180

RIIL(Reliance Industrial Infrastructure Limited)
buy @ cmp- sl-880 target 1220..1333...1555

CAN BANK (CANARA BANK)
buy @ cmp-380 sl-335 target 415...440..475..525


DEEWALI ROCKETS - HIDDEN GEMS

ESAB ( Esab India Ltd )
buy @ cmp-435 sl-385 target 465..499...522...555...606

BILCARE (BILCARE LTD.)
buy @ cmp-421 sl-390 target 472...495..510..540..585..620

COMPACT DISC (COMPACT DISC INDIA LTD.)
buy @ cmp- 59 sl-45 target 75...88...94..102..122
               
EIH (EIH LTD.)
buy @ cmp- 149 sl-125 target 175..199..222..245

SBTL (Southern Online Bio Technologies Ltd.)
buy @ cmp-20 sl-15 target 25..29..34..41..45

SPARC ( Sun Pharma Advanced Research Company Limited )
buy @ cmp- 89 sl-75 target 101..127..155..169..185


 

Friday, October 16, 2009

 

DAILY MARKET OUTLOOK - 16th Oct 2009

Nifty: (5109) the crucial support for the Nifty is at 5050 and resistance is at 5183-5219

BSE Sensex: (17195)
The crucial support for the Sensex is 17000 and the resistance is at 17356-17439

It was a quiet and flat close to a day which saw some choppiness towards the latter half of the trading session. Sensex closed at 17208, down 22 points (provisional) and Nifty at 5111, down 6 points (provisional) from the previous close. CNX Midcap index was up 0.5% and BSE Smallcap index was up 0.9%. The market breadth was positive with advances at 652 against declines of 614 on the NSE.

It was a quiet end to trade today as the market closed flat amid some volatility in the last couple of hours. There was a fair bit of profit taking through the second half of the trading session but the indices managed to make some recovery towards close. Sensex shut shop at 17195, down 35 points and Nifty at 5108, down 9 points from the previous close. CNX Midcap index was up 0.5% and BSE Smallcap index was up 0.9%. The market breadth was positive with advances at 660 against declines of 611 on the NSE. Top Nifty gainers included Jindal Steel & Power, Suzlon Energy and SBI while losers included Bharti Airtel, Reliance Infrastructure and Sun Pharma.

we said ‘the market has achieved its target on the Sensex front and is very close to its target on Nifty… technically the trend is still intact up and the targets beyond 17249 is 17356-17439’ the market achieved the target like a dot On Nifty front and also achieved its target of 17356 on the Sensex…. technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture….

INTRADAY CALLS

SATYAMCOMP ( Satyam Computer Services )
BUY ABOVE 118 sl-114.5 tgt1-120.5 tgt2-122.20 tgt3-124 tgt4-127
SELL BELOW 114 sl-115 tgt1-111.5 tgt2-109 tgt3-107 tgt4-105

APOLLOTYRE ( Apollo Tyres Ltd )
BUY ABOVE 52.5 sl-51 tgt1-54 tgt2-55.10 tgt3-56.50 tgt4-58
SELL BELOW 50.5 sl-51.5 tgt1-49.5 tgt2-48.70 tgt3-47.80 tgt4-46.80

ESCORTS ( Escorts India Ltd )
BUY ABOVE 127 sl-122 tgt1-131 tgt2-134 tgt3-138 tgt4-143
SELL BELOW 121 sl-123 tgt1-118.5 tgt2-115 tgt3-110 tgt4-107

JINDALSTEL ( Jindal Steel And Power Ltd )
BUY ABOVE 709 sl-696 tgt1-720 tgt2-730 tgt3-741 tgt4-750
SELL BELOW 693 sl-700 tgt1-685 tgt2-675 tgt3-662 tgt4-650

ICSA ( Icsa (india) Limited )
BUY ABOVE 219 sl-213 tgt1-223 tgt2-225.50 tgt3-228 tgt4-232
SELL BELOW 211 sl-215 tgt1-208 tgt2-203 tgt3-199 tgt4-195

MCDOWELL-N ( United Spirits Limited )
BUY ABOVE 992 sl-968 tgt1-1012 tgt2-1028 tgt3-1042 tgt4-1060
SELL BELOW 964 sl-975 tgt1-952 tgt2-945 tgt3-925 tgt4-910



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Wednesday, October 14, 2009

 

DAILY MARKET OUTLOOK - 15th Oct 2009

Nifty: (5120) the crucial support for the Nifty is at 5050 and resistance is at 5154-5183-5219. possible upside 5250-5280.

BSE Sensex: (17231) The crucial support for the Sensex is 17000 and the resistance is at 17249-17356-17439  

as we said and written in morning  nifty possible upside 5120 and see closed 5120 and sensex possible upside 17240 closed 17231 see the power of charts

it was a rip-roaring rally and the market ended at a 17-month high today. The rally was led by good buying in metal stocks. Positive global cues saw good follow-up strength in our market too. Sensex closed at 17233, up 207 points (provisional) and Nifty at 5120, up 65 points (provisional) from the previous close. CNX Midcap index was up 2.22% and BSE Smallcap index was up 1.59%. The market breadth was positive with advances at 820 against declines of 439 on the NSE.   

Asian markets closed strong and European markets also saw a good rally. Aided with positive global cues, our market ended at a 17-month high today. Broader market outperformed while telecom stocks continued to be under pressure. Rupee hit a 13-month high on dollar weakness and good inflows. Sensex shut shop at 17231, up 204 points and Nifty at 5118, up 63 points from the previous close. CNX Midcap index was up 2.08% and BSE Smallcap index was up 1.54%. The market breadth was positive with advances at 831 against declines of 441 on the NSE. Top Nifty gainers included Jindal Steel, Mahindra & Mahindra and Cairn Inida while losers were RCom, Tata Communications and Bharti Airtel.

we said ‘technically the trend is still intact up and we may see some more upside in the days to come and hopefully our target of 5154 on the Nifty has a good chance of being achieved’ the market has achieved its target on the Sensex front and is very close to its target on Nifty… technically the trend is still intact up and the targets beyond 17249 is 17356-17439


INTRADAY CALLS

HINDALCO ( Hindalco Industries Ltd. )
BUY ABOVE 136 sl-133.3 tgt1-138 tgt2-140 tgt3-142.5 tgt4-145
SELL BELOW 132.7 sl-134    tgt1-131 tgt2-129.5 tgt3-127.9 tgt4-126

HCC ( Hindustan Construction Co. Ltd )
BUY ABOVE 145 sl-141.5 tgt1-148.5 tgt2-151 tgt3-153.50 tgt4-156
SELL BELOW 140.5 sl-142.5 tgt1-138 tgt2-136 tgt3-133 tgt4-131

GVKPIL ( GVK Power & Infrastructure Limited )
BUY ABOVE 47.5 sl-46.3 tgt1-48.2 tgt2-49 tgt3-49.90 tgt4-50.60
SELL BELOW 46 sl-46.6 tgt1-45.5 tgt2-44.7 tgt3-44 tgt4-43.5

CAIRN ( Cairn India Limited )
BUY ABOVE 282 sl-276 tgt1-288 tgt2-296 tgt3-301 tgt4-306
SELL BELOW 274 sl-278 tgt1-270 tgt2-263 tgt3-255 tgt4-250

SESAGOA ( Sesa Goa Ltd )
BUY ABOVE 343 sl-329 tgt1-351 tgt2-362 tgt3-370 tgt4-376
SELL BELOW 326 sl-331 tgt1-319 tgt2-310 tgt3-299 tgt4-290

PUNJLLOYD ( Punj Lloyd Limited )
BUY ABOVE 297 sl-289 tgt1-302 tgt2-307 tgt3-312 tgt4-316
SELL BELOW 287 sl-291 tgt1-283 tgt2-279 tgt3-274 tgt4-269



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Tuesday, October 13, 2009

 

DAILY MARKET OUTLOOK - 14th Oct 2009

Nifty (5054): Nifty has immediate support around 4980-4950 then 4880 and resistance is at 5070-5154. possible upside 5080-5120-5250-5280.

Sensex (17027): Immediate support around 16820, crucial support is 16200 and strong resistance at 17080-17140 crossover resistance is at 17240-17450

Positive global cues and good IIP data helped our market close a good session of trade on 12 (on 13 the market closed on account of polls, as it's a state holiday in Maharashtra and resume trading on October 14). Sensex shut shop at 17026, up 384 points and Nifty at 5054, up 109 points from the previous close. CNX Midcap index was up 1.57% and BSE Smallcap index was up 1.05%. The market breadth was positive with advances at 823 against declines of 443 on the NSE. Top Nifty gainers included SBI, Reliance Infrastructure and Reliance Capital while the losers were Ambuja Cement, GAIL and Hero Honda.The Nifty witnessed an intra day movement of about 122.60 points. The closing index was 2.21% up as compared to the previous closing index.

we said ‘I would say that technically 4900 is a very strong support to deal with though the market looks down’ the market has managed to stay above our very crucial support of 4900 and stayed closed in the green, technically the trend is still intact up and we may see some more upside in the days to come and hopefully our target of 5154 on the Nifty has a good chance of being achieved… incidentally we hit the high of the day on the Nifty like a dot.

Index Futures and Index Options:
Index futures saw a trading volume of Rs.17425.96 crores arising out of 732803 contracts and Index options saw 1374503 contracts getting traded at a notional value of Rs.34572.43 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.72005.84 crores.

Options on individual securities:
Out of 179 securities, options on 109 underlying securities got traded. The total number of contracts traded
was 62004 with a notional value of Rs.2023.62 crores.

Futures on individual securities:
Out of 179 securities, stock futures on 179 underlying securities got traded. The total number of contracts
traded was 539313 with a traded value of Rs.17983.83 crores.

INTRADAY CALLS

SREINTFIN ( Srei Infrastructure Finance Limited )
BUY ABOVE 81.5 sl-78.7 tgt1-83 tgt2-85 tgt3-87.5 tgt4-89
SELL BELOW 78 sl-79.5 tgt1-76.7 tgt2-75 tgt3- 73 tgt4-70.5

RNRL ( Reliance Natural Resources Limited )
BUY ABOVE 90 sl-89 tgt1-93 tgt2-95.5 tgt3-98 tgt4-100
SELL BELOW 87 sl-89.6 tgt1-85 tgt2-83 tgt3-80.5 tgt4-78.5

DISHTV ( Dish TV India Ltd. )
BUY ABOVE 46.5 sl-45.5 tgt1-47.5 tgt2-48.20 tgt3-49 tgt4-50.10
SELL BELOW 45 sl-46 tgt1-44 tgt2-43 tgt3-42.20 tgt3-41.50

LITL ( Lanco Infratech Ltd. )
BUY ABOVE 525 sl-507 tgt1-535 tgt2-548 tgt3-558 tgt4-569
SELL BELOW 505 sl-510 tgt1-495 tgt2-482 tgt3-475 tgt4-460


INDIAINFO ( India Infoline Limited )
BUY ABOVE 151.5 sl-147.8 tgt1-153 tgt2- 155 tgt3-157.5 tgt4-160
SELL BELOW 147 sl-148.5 tgt1-145.5 tgt2-143.5 tgt3-142 tgt4-140

SESAGOA ( Sesa Goa Ltd )
BUY ABOVE 303 sl-297 tgt1-307 tgt2-312 tgt3-317 tgt4-322
SELL BELOW 295 sl-299 tgt1-291 tgt2-287 tgt3-283 tgt4-280


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Sunday, October 11, 2009

 

DAILY MARKET OUTLOOK - 12th Oct 2009

Nifty (4945): The crucial landmarks for the Nifty is at 5000-4900-4824. Nifty has immediate support around 4930-4960 then 4880 and resistance is at 5070-5154. possible upside 5055-5120-5250-5280.

Sensex (16643): Immediate support around 16500, crucial support is 16200 and strong resistance at 16800-17080-17140 crossover resistance is at 17240-17450

After a ranged week the market closed on a disappointing note despite good global cues. Through the week the market saw flat and cautious trading. This week's performance was average and the numbers are: Sensex down 2.8% and Nifty down 2.7%. CNX Midcap index was up 0.76%, while BSE Smallcap index was down 2.8% over the week. BSE Realty index down 2.6%, BSE Consumer Durables index up 5.4%, BSE Metal index up 1.8%, BSE IT index down 7.4% and BSE Auto index down 2.4%.

It was a sticky trading day for the Indian market because of intense selling pressure towards the latter part of the day. Firm global cues and good Q2 results from Infosys did not have much of a positive effect on the market. Sensex shut shop at 16642, down 200 points and Nifty at 4945, down 57 points from the previous close. CNX Midcap index was down 0.4% and BSE Smallcap index was down 0.7%. The market breadth was negative with advances at 383 against declines of 886 on the NSE. Top Nifty gainers included Bharti Airtel, RCom and ONGC while losers included Tata Motors, Ranbaxy and PNB.

The Nifty witnessed an intra day movement of about 98.05 points. The closing index was 1.14% down as compared to the previous closing index.

we were expecting a big move either up or down and the market cracked but the market has managed to stay above the crucial 4900 mark and I would say that technically 4900 is a very strong support to deal with though the market looks down…

INTRADAY CALLS

GICHSGFIN  ( GIC Housing Finance Ltd )
BUY ABOVE 96.8 sl-94.5 tgt1-99 tgt2-102 tgt3-106
SELL BELOW 93.8 sl-95 tgt1-90 tgt2-87 tgt3-83

TAJGVK ( Taj GVK Hotels And Resorts )
BUY ABOVE 145 sl-139.5 tgt1-150 tgt2-155 tgt3-159
SELL BELOW 139 sl-140.5 tgt1-135 tgt2-130 tgt3-125

IDBI ( IDBI Bank Limited )
BUY ABOVE 131 sl-129.7 tgt1-133 tgt2-135.5 tgt3-137
SELL BELOW 129.2 sl-130.5 tgt1-127.6 tgt2-126 tgt3-124.7

OFSS ( Oracle Financial Services Software Limited )
BUY ABOVE 2105 sl-2070 tgt1-2135 tgt2-2170 tgt3-2210 tgt4-2250
SELL BELOW 2060 sl-2080 tgt1-2015 tgt2-1970 tgt3-1935 tgt4-1910

DEWANHOUS ( Dewan Housing Finance Corporation Ltd )
BUY ABOVE 166 sl-160.5 tgt1-171 tgt2-177 tgt3-181
SELL BELOW 159.5 sl-162 tgt1-153 tgt2-149 tgt3-144

OIL ( Oil India Limited )
BUY ABOVE 1200 sl-1187 tgt1-1225 tgt2-1243 tgt3-1255
SELL BELOW 1183 sl-1193 tgt1-1174 tgt2-1155 tgt3-1140

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Friday, October 9, 2009

 

DAILY MARKET OUTLOOK - 09th Oct 2009

Nifty (4989): The crucial landmarks for the Nifty is at 5000-4900-4824. Nifty has immediate support around 4930-4960 then 4880 and resistance is at 5070-5154 .possible upside 5055-5120-5250-5280.

Sensex (16844): Immediate support around 16900 and crucial support is 16802-16500 and strong resistance at 17080-17100 crossover resistance is at 17240-17450

The Nifty witnessed an intra day movement of about 71.30 points. The closing index was 0.33% up as compared to the previous closing index.

we said ‘but the important thing to remember is that the market is up as long as 4900 holds and any close below the 4900 mark by the end of Friday evening will be bearish for the market in the coming days’ the market has traded in a very tight sideways zone and has managed to stay above the 4900 mark…now this 4900 mark is a very crucial support for the market for today and for the week and a big day ahead of us is not ruled out either UP or DOWN and the market can still be considered UP as long as 4900 holds…

INTRADAY CALLS

SPARC ( Sun Pharma Advanced Research Company Limited )
BUY ABOVE 93 sl-89.2 tgt1-96.5 tgt2-98 tgt3-101
SELL BELOW 88.5 sl-90 tgt1-86.5 tgt2-82 tgt3-78

MLL ( Mercator Lines Limited )
BUY ABOVE 65 sl-63 tgt1-66.5 tgt2-68 tgt3-70
SELL BELOW 62.5 sl-63.5 tgt1-61.5 tgt2-59.5 tgt3-58

ADHUNIK ( Adhunik Metaliks Ltd. )
BUY ABOVE 120 sl-116 tgt1-122.5 tgt2-125 tgt3-130
SELL BELOW 115 sl-117 tgt1-112.5 tgt2-109 tgt3-106

HDIL ( Housing Development And Infrastructure Ltd )
BUY ABOVE 365 sl-355 tgt1-372 tgt2-380 tgt3-392
SELL BELOW 353 sl-357 tgt1-347 tgt2-340 tgt3-333

GODREJIND ( Godrej Industries Ltd )
BUY ABOVE 211 sl-205 tgt1-214 tgt2-218 tgt3-222
SELL BELOW 204 sl-206 tgt1-201 tgt2-197 tgt3-192

JPASSOCIAT ( Jaiprakash Associates Ltd )

BUY ABOVE 244 sl-241 tgt1-250 tgt2-255 tgt3-261
SELL BELOW 239 sl-242 tgt1-235 tgt2-231 tgt3-225

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Thursday, October 8, 2009

 

DAILY MARKET OUTLOOK - 08th Oct 2009

Nifty (4986): the crucial landmarks for the Nifty is at 5000-4900-4824. Nifty has immediate support around 4930-4960 and resistance is at 5070-5154 .possible upside 5055-5120-5250-5280.

Sensex (16806): Immediate support around 16900 and crucial support is 16802-16500 and strong resistance at 17080-17100 crossover resistance is at 17240-17450

The Nifty witnessed an intra day movement of about 104.05 points. The closing index was 0.83% down as compared to the previous closing index.

we said ‘now looks like we may see some volatility and if the market goes up then there exists a strong resistance at 17079’ the market unfolded volatile as expected and found its resistance and closed below the 5000 mark again but the important thing to remember is that as that the market is up as long as 4900 holds and any close below the 4900 mark by the end of Friday evening will be bearish for the market in the coming days…

INTRADAY CALLS

BALRAMCHIN ( Balrampur Chini Mills Ltd )
BUY ABOVE 131.5 sl-129.7 tgt1-134 tgt2-137.5
SELL BELOW 129 sl-130.5 tgt1-127 tgt2-124

NIITTECH ( NIIT Technologies Ltd )
BUY ABOVE 131.5 sl-130 tgt1-134.5 tgt2-137
SELL BELOW 129 sl-131 tgt1-127 tgt2-124

ASAHIINDIA ( Asahi India Glass Limited )
BUY ABOVE 71.5 sl-69.4 tgt1-73 tgt2-75.10 tgt3-77
SELL BELOW 69 sl-70 tgt1-66.5    62

YESBANK ( Yes Bank Limited )
BUY ABOVE 210 sl-205 tgt1-216 tgt2-224
SELL BELOW 203 sl-206 tgt1-199 tgt2-190

BAJAJHIND ( Bajaj Hindustan Ltd )
BUY ABOVE 190 sl-187.8 tgt1-193.5 tgt2-199
SELL BELOW 187 sl-189 tgt1-184 tgt2-179

GODREJIND ( Godrej Industries Ltd )
BUY ABOVE 202 sl-198 tgt1-206 tgt2-212
SELL BELOW 197 sl-199 tgt1-193 tgt2-188





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RIL board approved 1:1 bonus issue

Reliance Industries has informed BSE that the Board of Directors of the Company at its meeting held on October 07, 2009, inter alia, has recommended, subject to the approval of the shareholders, issue of Bonus shares in the ratio of one equity share of Rs 10/- each fully paid up for every one equity share of Rs 10/- each of the company.
India’s largest private sector refiner has issued bonus shares after 12 years. The last time it issued 1:1 bonus was on September 13, 1997.

Further, the Board has declared a dividend of Rs 13 (Rupees thirteen only) per fully paid-up equity share of Rs 10/- each.

Reliance Industries declared its audited FY09 results, including Reliance Petroleum’s (RPL) numbers. The company’s consolidated net profit was at Rs 15,296 crore versus Rs 19,523 crore. Its consolidated net sales were at Rs 1.51 lakh crore versus Rs 1.37 lakh crore.

Commenting on the bonus issue SP Tulsian of sptulsian.com said the announcement came as a welcome surprise. He said that the move was a calculated one. “The Reliance family has about four million share holders of which 3 or 3.5 million are common shareholders. I think this is the capitalizing on winning the confidence of the RIL shareholders family because this is now the support mobilization at all levels by both the brothers whether this is the shareholders or of the bureaucracy or the judiciary or maybe analysts etc, so basically this seems to be a calculated move on the part of RIL that okay this has been due or a long overdue demand so lets award them with 1:1 bonus.”

Jigar Shah Senior Vice President at Kimeng Sec India said given that this year was a consolidation year for the company as earnings from its refining business were lower and the company’s overall earnings growth would be subdued, the bonus was a good incentive for share holders to retain their shares and reward share holders who have been with the company for the longer term. He said that the stock would now see a shorter term boost however, he added, “I don’t think this will have any more than temporary sentiment impact.”

“We are maintaining our target of Rs 2050 for the year and we will review it after the Q2 earnings and also what happens with the ongoing case.”

Amitabh Chakraborty, President – Equity, Religare Securities said the 1:1 bonus was totally unexpected. “In my mind, what has happened is that there was a negative sentiment attached to the treasury stock sale because normally that gives negative signals. But now this is a positive signal. Bonus is always taken very positively by the retail side of the market. So, I think this bonus announcement will compensate and I think retail will be quite enthused with this bonus issue.” He expects the market to be enthused by the news in trade tomorrow.

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Wednesday, October 7, 2009

 

DAILY MARKET OUTLOOK - 07th Oct 2009

Nifty (5027): the crucial landmarks for the Nifty is at 5000-4900-4824. Nifty has immediate support around 4930-4960 and resistance is at 5154 .possible upside 5120-5250-5280.

Sensex (16959): Immediate support around 16900 and crucial support is 16802-16500 and strong resistance at 17080-17100 crossover resistance is at 17240-17450

The Nifty witnessed an intra day movement of about 113.65 points. The closing index was 0.48% up as compared to the previous closing index.
Index Futures and Index Options Index futures saw a trading volume of Rs.22145.79 crores arising out of 928302
contracts and Index options saw 1679682 contracts getting traded at a notional value of Rs.42333.21 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.88732.60 crores.

as we said ‘the market has closed above the psychological 5000 mark and if the market cracks the 5000 mark in the next trading session then we could see some more profit booking until 4900 levels’ the market unfolded as expected and the market bounced back from near the 4900 mark to close positive and above the 5000 mark…now looks like we may see some volatility and if the market goes up then there exists a strong resistance at 17080-17100.

INTRADAY CALLS

OMNITECH ( Omnitech Infosolu Ltd. )
BUY ABOVE 139 sl-133 tgt1-143 tgt2-151 tgt3-157
SELL BELOW 132 sl-135 tgt1-128 tgt2-121 tgt3- 115

DCHL( Deccan Chronicle Hold Ltd )

BUY ABOVE 135 sl-131.5 tgt1-137.5 tgt2-141
SELL BELOW 131 sl-132.5 tgt1-129.5 tgt2-126

HINDALCO( Hindalco Industries Ltd. )
BUY ABOVE 125 sl-123 tgt1-128 tgt2-130.5
SELL BELOW 122.2 sl-124 tgt1-120 tgt2-117

IRB( IRB Infrastructure Developers Limited )
BUY ABOVE 228 sl-222 tgt1- 234 tgt2-240
SELL BELOW 220 sl-223 tgt1-216.5 tgt2-209

JSWSTEEL( JSW Steel Limited )
BUY ABOVE 873 sl-858 tgt1-885 tgt2-902
SELL BELOW 855 sl-862 tgt1-845 tgt2-818

JETAIRWAYS( Jet Airways (India) Ltd. )
BUY ABOVE 420 sl-409 tg1-441 tgt2-455 tgt3-466
SELL BELOW 407 sl-412 tgt1-389 tgt2-375 tgt3-359

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Tuesday, October 6, 2009

 

DAILY MARKET OUTLOOK - 06th Oct 2009

Nifty (5003): the crucial zone for the Nifty is at 5000-4900. Nifty has immediate support around 4960-4930 and resistance is at 5154 then upside possible 5250-5280. Nifty psychological support is 5000 till nifty not close below 5000 there is strong support.

BSE Sensex: (16866): Immediate support around Support Around 16900 and crucial support for the Sensex is 16802-16500 and the resistance is at  17240-17450

The Nifty witnessed an intra day movement of about 84.10 points. The closing index was 1.58% down as compared to the previous closing index.On the Sensex front only seven counters could manage to stay in green zone while others ended on a red note.

as we said yesterday ‘the market has nearly achieved our targets and so I would not be surprised if the market reacts’ and the market reacted as expected with profit booking coming in…

As expected yesterday the market remained weak though out the trading session and both the indices closed in red. Both the indices stayed weak and remained in red zone for whole trading session. The good part is Nifty managed to stay above the psychological 5000 mark if the market cracks the 5000 mark in the next  trading session then we could see some more profit booking until 4900 levels…


INTRADAY CALLS

GUJALKALI ( Gujarat Alkalies And Chemicals Ltd )
BUY ABOVE 131 sl-126.8 tgt1-135 tgt2-140
SELL BELOW 126 sl-128 tgt1-122 tgt2-115

JSL ( JSL Limited )
BUY ABOVE 110 sl-107.5 tgt1-116 tgt2-122
SELL BELOW 106 sl -108.5 tgt1-100 tgt2-93

KFA ( Kingfisher Airlines Limited )
BUY ABOVE 57.5 sl-56 tgt1-59 tgt2-61.5
SELL BELOW 55.5 sl-56.5 tgt1-54.3 tgt2-52

JETAIRWAYS ( Jet Airways (india) Ltd. )
BUY ABOVE 380 sl-366 tgt1-395 tgt2-415
SELL BELOW 360 sl-365 tgt1-346 tgt2-325

ZEEL ( Zee Entertainment Enterprises Ltd )
BUY ABOVE 249 sl-243 tgt1-253 tgt2-260
SELL BELOW 241 sl-245 tgt1-238 tgt2-229

KOUTONS ( Koutons Retail (I) Ltd )
BUY ABOVE 382 sl-366 tgt1-400 tgt2-428
SELL BELOW 364 sl-368 tgt1-349 tgt2-320

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Monday, October 5, 2009

 

DAILY MARKET OUTLOOK - 05th Oct 2009

Nifty (5083): Nifty has immediate support around 5010-15 and then around 4940-60 and resistance is at 5150-5165.

Sensex (17135): strong support at 17080 then Support Around 16900 and strong resistance at 17180 then Resistances levels 17240-17450.

Indian markets are expected to trade in a choppy zone with a downtrend bias due to growing concerns about valuations and weak overseas cues despite strong inflows of foreign funds.

weak US factory data raised concerns about the global economy and dragged down markets worldwide on Friday and Indian markets could mirror that trend on Monday when they open..

Today the market remained range bound ahead of a long week end and the Q2FY10 results announcements. With market already trading above the 17000 level mark, no one wanted to take a bold step and take new positions in the market. Now despite being range bound it was highly volatile also.

Sensex closed at 17134.55 (Up 7.71 points) Nifty closed at 5083.40 (Down 0.55 points). On the sectoral front IT, TECk and Realty sector managed to move up with significant gains but Oil and health care lost some ground. Market breadth was negative with 1663 declines and 1123 advances.

The indicators have given a sell but structurally looks like we will see volatility in this truncated week’ the market has nearly achieved our targets and so I would not be surprised if the market reacts…

Market participants remained upbeat through out the week on expectations of strong Q2 results which will start rolling out from this week with Infosys declaring their results on the 10th instant. The market sentiment remains firm with a string of data indicating recovery in the economy with the latest robust figures for the September dispatches released by the auto and cement sectors last week. However, global cues will remain key factor to be watched out for by the investors during the week.
Readers are hereby advised to trade with caution and remain stock specific in view of quarterly earning season since profit taking at higher levels is not ruled out.

Intraday Calls

3IINFOTECH ( 3I Infotech Ltd. )
BUY ABOVE 100 sl-97 tgt1-102 tgt2-106 tgt3-111
SELL BELOW 96 sl-98 tgt1-92 tgt2- 88 tgt3-85


NIITLTD ( NIIT Limited )
BUY ABOVE 77 sl-74.5 tgt1-79 tgt2-81 tgt3-82.50
SELL BELOW 74 sl-75 tgt1-72.5 tgt2-69.5 tgt3-68

IBSEC( India bulls Securities Limited )
BUY ABOVE 59 sl-57.3 tgt1-61.5 tgt2-63 tgt3-64.50
SELL BELOW 57 sl-58 tgt1-55.5 tgt2-53 tgt3-51.50


IDFC ( Infrastructure Development Finance Company Ltd )
BUY ABOVE 155.5 sl-151.6 tgt1-158 tgt2-162
SELL BELOW 151 sl-152.5 tgt1-149 tgt2-143

ROLTA( Rolta India Ltd )
BUY ABOVE 192 sl-185.8 tgt1-196    tgt2-201
SELL BELOW 185    sl-187 tgt1-181.5 tgt2-    172

EDUCOMP( Educomp Solutions Ltd )
BUY ABOVE 4940 sl-4822 tgt1-5010 tgt2-5095 tgt3-5165
SELL BELOW 4810 sl-4850    tgt1-4750 tgt2-4620 tgt3-4550

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Sunday, October 4, 2009

 

Financial advisors, distributors set up firm to push their cause

Over three million financial advisors and distributors have decided to come together and form Financial Intermediaries Association of India (FIAI), a not-for-profit company, in a bid to put up a collective face.

The move to set up an entity under the Companies Act was pushed by some of the leading distribution houses in the country after the recent clamp on mutual funds regarding payment of exit and entry load to distributors.

“The main aim of the organisation is not to be a trade union but a trade association representing distributors and financial advisors from every segment of the market, including foreign and domestic banks, brokerage houses, mutual funds and insurance distributors and even individual financial advisors. The body would be the common voice of the industry,” said Rajiv Bajaj, managing director, Bajaj Capital, a financial services distributor. Bajaj said that there was a need to improve the image of the distribution industry and to open a formal channel of communication with various stakeholders.

The financial product distribution business, estimated to be an over Rs 3,000-crore industry, lost nearly a third of the revenue following the Securities and Exchange Board of India (Sebi) diktat on entry and exit load. While the Sebi decision was taken after several rounds of consultations with fund houses, represented by the Association of Mutual Funds in India, the distributors said they were not kept in the loop.

“There was no national level representation for the distribution community and hence it was becoming difficult to make their interests and concerns known. But FIAI can go a long way in representing the industry,” said Kanwar Vivek, CEO, Birla Sun Life Distribution.

“Members have been trying to form this body for over three years and it is not a reactionary move. The aim in the long term is to build a credible face for the industry, which can talk favourably and also make others understand the importance and interests of the segment. However, the organisation is still in its initial stages and it would require representation from all the segments including that from all financial advisors,” said Nitin Rao, executive vice president, HDFC Bank.

FIAI has already conducted several meetings which saw representatives from wealth management and distribution arms of ICICI Bank, HDFC Bank, Citibank, BNP Paribas, Religare Securities and Karvy, among others.

“The organisation will enroll at least 5,000 members in the first year, which would comprise most of the top distributors and financial advisors,” said a member of FIAI.

The one-time membership fees for corporate houses and large institutions would be Rs 2-3 lakh, whereas individual and small financial advisors and distributors would have to pay Rs 5,000 a year. The board of members of FIAI would be elected and the company would also be registered with Sebi, said sources.



source: Business Standard 



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