Technical picks

Reliance had been consolidating lately
within a range of 2800-2950. However, it
surged in the Friday's session on the back
of increasing volumes. The higher band
of 2950 levels had been witnessing
increased selling pressure followed by
renewed buying interest at the bottom
levels of 2800. The leading indicator like
14-day RSI has given a strong buy signal
as it stabilized around the 60 levels of the
100 scale and cut the trigger line, indicating
significant surge from the current levels.
The stock is currently trading above all the
major moving averages and the 30-day
EMA is placed around 2800 levels which
should act as a strong support. This stock
is an excellent pick from the current levels.
All long positions in the stock should be
protected with a stop loss placed below
2750 levels on a closing basis for upside
targets of 3100 and 3200 levels.

Axis Bank had been consolidating lately
around its rock solid support zone of 900
levels. The stock had witnessed significant
rally in the penultimate month during
which it made an all time high of 1025
levels. However, profit booking forced the
stock to test lower levels of 900-950. The
stock has broken out above the
consolidation band and further decline in
the stock is largely ruled out. The 14-day
RSI is hovering around 65 levels and has
generated a strong buy signal from the
current levels. Immediate resistance is
placed at around the all time high levels.
A sustained close above that level will induce
fresh buying interest in the stock, which might
guide it to test further highs of 1100
and 1150 levels. The 50-day EMA level is placed
at around 900 levels which is unlikely to be
broken in the near-term.Investors are advised to
assume long positions in the stock in the range
of 950-1000 levels for a medium-term target
of 1100 and 1150 levels. All long positions in the
stock should be protected with a stop loss placed below
885 levels on a closing basis.

Pre Market Watch

Range-bound trading — The index exhibited range-bound trading in the 6111- 6060 band throughout the day’s trading session. On the upside, index faces resistance around yesterday’s high at 6111. Intra-day strength can be expected above the 6111 level and index could test 6185 levels on the upside. On the downside, intra-day support is around 6060, and a break below the 6060 level could see the index drift down intra day. Lower support levels are 6040-6000.

We once again caution investors not to get into low priced stocks or penny stocks with out fundamentals. Many stocks are witnessing explosive growth in the PE ratios and Q3 results have to justify the prices.

Varun Shipping(Rs.99.95) is in a no resistance zone. Watch for a 20-30% gain from these levels

Reliance Energy might get a boost from the SEBI's decision to clear Reliance Power's IPO. DLF is planning to hive off various businesses that will become separate companies in a measure that will increase the shareholder value. Indian market is likely trade down today though there will be trading oppurtunities in midcaps.

We have a Moderately Bullish view on Tata Steel . We recommend a Bull Call Spread strategy:
o Buy One Tata Steel Jan 920 CA @ 38 - 40
o Sell One Tata Steel Jan 960 CA @ 28 - 30
o BEP: 930
o Tgt: 960
o Investment: Rs.85,000 (Approx)
o Time Frame: 6-8 Days

Watch : Ioc,Cairn,Indiainfo,Indiabull,Cinemax buy in dips only.

Stocks in News:

SEBI clears decks for Reliance Power IPO by disposing complaints against the offer and asking promoters to lock-in entire 20% of their contribution for five years.

DLF plans to raise US$5bn over the next three years by listing five of its business units.

NTPC has signed agreements for loan and bond subscription worth Rs20bn LIC.

L&T plans to invest Rs25bn in building shipyard and expanding its engineering manufacturing unit.

GMR Infrastructure is considering listing GMR Energy on domestic bourses to fund its upcoming projects.

Unitech is close to announcing two joint development deals in Hyderabad and Chennai.

Reliance Communication slaps legal notice to DoT asking to freeze allocation of additional spectrum to existing GSM players.

ONGC Videsh strikes crude in Arabian Gulf Block off Qatar.

BOI gets board approval to raise Rs15bn via QIP. The floor price has been fixed at Rs359 per share.

GSPL and a subsidiary of Gujarat State Petroleum Corporation plans to invest Rs25bn on new pipelines.

Dabur India to foray into milk-based beverage segment.

Yamaha is likely to team up with Bajaj to create a common engine platform for high-end bikes.

L&T to hive-off concrete business into separate entity.

BoB raises Rs5bn through issue of bonds.

Bhushan Steel in technical assistance JV with Sumitomo Metal for the Orissa plant.

GSK Pharma to launch two vaccines in India.

Canara Bank ups its open offer price for Can Fin Homes to Rs78 per share from Rs63.

Wipro Consumer Care to provide lighting solutions for retail industry in India.

Infosys plans to offer wealth management solution in the domestic market.

JSW Steel and Essar Steel to set-up retail outlets for showcasing products.

Combined output growth of six key infrastructure industries was lower at 4.5% in October Vs 9.9% last year.

The Government is likely to scrap service tax on business and first-class air tickets for international journeys. It is also likely to halve duty on ATF from 10% to 5%.

The Railway Budget is likely to bring down freight on key commodities including steel, cement and petroleum products by 5%.

Mobile companies may have to shell out a higher percentage of their annual revenues as spectrum charges.

Leading tea players have hiked prices and the remaining companies are expected to follow suit.

Trai has asked I&B ministry to specify the date on which the CAS would become mandatory in 55 of the country’s top cities.

Have a great trading day

Market will................

Nifty opened on a positive note in yesterday’s session
continuing the momentum of Monday’s trade. Nifty witnessed
strength through out the session as short covering amid with
fresh buying was prevailed in index heavyweight. The breadth
of the market ended on strong note at 922:260 suggesting
buying witnessed in mid-cap and small-cap stocks as well. Nifty
Januay futures have witnessed accumulation of long positions;
January futures have added 60 lakh shares in open interest
along with significant increase in premium to 33.35 points from
16.45 points. The rollover in the market stands at 60.71% while,
Nifty rollover is at 70.62 %. On the options front, Nifty Dec 6000
call options have seen closure of short positions while, Dec
6000 put options witnessed buying suggesting market to reamin
highly volatile.The market is expected to open on flat to positive
note today ; trader are advised to assume long position if Nifty
sustains above 6050 levels for immediate targets of 6110 and
6180 levels.

We have a Bullish view on Reliance. We recommend a Protective Put strategy:
o Buy One Reliance Jan Fut @ 2930-2934
o Buy One Reliance Jan 2900 PA @ 100-104
o BEP: 3034
o Investment: Rs.83,000 (Approx)
o Time Frame: 6-8 Days

Reliance Buy 2865-2875 with sl 2840 target 2960-2970 for 4-5 Days

Bulls above 20000 only

Nifty — The index opened on a strong note and exhibited strength throughout the day’s trading session. It ended the session with a gain of 214 points.

Support & Resistance — The index closed above the 10 dma = 5934 and 20 dma = 5869. Intra day declines should find support around the 5934-5869 band. On the upside, the index faces resistance around 6012 and 6185 level.

Conclusion — Expect test of 6012, break above 6012 can see further strength

Shares of media and entertainment companies may attract investors' attention with films like "Taare Zameen Par" and " Welcome" doing well. While TZP is co-produced by PVR, Welcome is being distributed by the Network 18 group. Multiplex operators such as Inox, Adlabs and Shringar Cinemas could also gain.

Victory of Narendra Modi in Gujarat is perceived to be very positive for Adani Group. Keep an eye on Adani Enterprise and Mundara Port.

Ambalal Sarabhai Enterprises Ltd.
Go positive in this counter for a mid term target 52.00

Stocks in News:

SAIL to invest Rs200bn in West Bengal, about two fifth’s of its total planned investments.

State owned India Infrastructure Finance Company to lend Rs18bn to Tata group's Mundra UMPP.

ONGC-Mittal JV wins block in Trinidad & Tobago with estimated gas reserves of 2tn cubic feet.

Lanco Infratech in talks with global airport operator as partner in its bids for non metro airports. (Mint)

The Board of SBI will meet on January 25 to consider the merger of six associate banks with the parent.

Maruti Suzuki India will hike prices of its vehicles across different models between Rs4,000 and Rs12,000 next week.

ONGC has agreed to supply natural gas for the proposed 104MW gas based thermal project at Monarchak in West Tripura district.

GNFC has lined up an investment of Rs40bn over the next four years.

Allied Digital is close to two small-size acquisitions.

Coal India subsidiary in talks with Uttar Pradesh Rajya Sabha Vidyut Utpadan Nigam to float a 50:50 JV for setting up a 1,000MW thermal station.

BPCL is in talks with Japan based Nippon Oil for sharing expertise on fuel-cell cogeneration system.

Central education and oil cess to be kept outside the dual goods and service tax structure from April 2010.

Mobile tariffs for national long-distance calls are set to witness a further drop by 5-10%.

The Coal Ministry has asked the power ministry to ensure import of at least 20mt of coal next year.

The Government is likely to save Rs30bn on fertilizer subsidy bill.

IT STOCK TO SURGE

FII Gross purchases Rs 2585 Cr, Gross sales Rs 3678 Cr, Net Sellers Rs 1093 Cr.
MF Gross Purchases Rs 1055 Cr, Gross Sales Rs 932 Cr, Net Buyerss Rs 123 Cr

We will see rally of 450-500 points on sensex but donot ignore profit booking

A pink paper reports that the government requested NTPC, BHEL, SAIL, ONGC, IOC, BPCL, HPCL and Gail to issue bonus shares,as their reserves and surplus have increased to several times their paid-up capital.

SEBI finally opened up short selling to all though the start date is yet to be decided. valuations will come into picture once short selling is allowed

Watch out for IT/ITES stocks for bumper returns in the next 1 month

Sonata Software(Rs.53.60) is likely to move up to 70 levels.

HOT PICKS - SATYAM,CMC,KIRLOSKAR FERROUS,CONTAINER CORP

Stocks in News:

IOC to venture alone for small onland blocks in NELP VII.

MRF expects to get possession of 500-acre land at Tiruchi, Tamil Nadu by January for setting up a new facility.

Reliance Entertainment is divesting a 5% stake at an enterprise value of US$1.5bn.

Gail to issue bonus shares in next 3-6 months.

Ford plans to make India the hub for supply of petrol and diesel engines.

Ansal Properties looks at development of ports in partnership with UEM Builders of Malaysia.

ONGC will increase spending to increase output. It will pay mid year dividend of Rs18 per share.

The Maharashtra State Consumer Disputes Redressal Commission has charged ICICI Bank with forging of documents to recover loan.

Dunlop raises US$90mn from hedge funds to restructure loan and meet other corporate needs.

Attrition prompts Voltas to go for massive recruitment in next three years.

Bharti Enterprises to acquire Delhi-based retail chain Big Apple.

RPG group’s Spencer Retail to venture into specialty retailing.

Dr Reddy’s to shift output of 12 Betapharm drugs to India.

5-step guide to locating a 'wealth creator'

The first rule to investing is ‘Don’t lose money’. The second rule to investing is ‘Don’t forget rule no. 1’! It is essential to stick to these rules when it comes to investing, in order to avoid the possibility of capital erosion.


1. Assess the entry barriers created by a company

Entry barrier should be preferably intellectual in character

Remember, a stock is nothing but a stake in the company’s business. So, observe the company’s business and the entry barriers created by it. The entry barrier should be more ‘intellectual’ in character rather than ‘physical’. This is because while it is next to impossible to compete with a strong brand (an intellectual barrier), competitive advantage associated with a piece of land (a physical barrier) disappears when a competitor acquires one as well.

Strong brands such as ‘Thums-Up’, ‘Parle-G’, etc. have enabled their companies to retain the top spot. However, at times, there could be exceptions. For instance, the entry barrier associated with TISCO would be its large base of iron ore and coal, which allows it to lower its raw material cost drastically vis-à-vis its competitors for long time to come.

Entry barrier should be long-lasting

An entry barrier should not only be strong, but also long lasting. Such companies will keep making money because their entry barriers keep working for them. For instance, Britannia may not be the best managed company but its strong brand continuously earns money for it.

Buy into such companies at the earliest

As an investor, buy into such businesses ahead of the crowd. If an entry barrier has been established very recently, it may not yet be exploited by the business. Accordingly, the market would not have valued it in the company’s share price.

For instance, when Financial Technologies (promoters of MCX) got its commodity exchange license and launched it, the popular opinion held was that it would be unable to execute the business well. But, today, it has emerged as a premier commodity exchange. Investing in such companies before the market sees their potential delivers best appreciation.

“Though difficult to practice, think ahead of the crowd”

2. Management should be competent and passionate

Choose companies that are led by a team and are competent and passionate. Both these attributes are equally important. Competence or passion alone will not work. An individual with a local degree combined with passion would have greater growth prospects than one who has a Harvard degree but no passion. A company like Pantaloon Retail is a shining example of how passion can create wealth.

“The definition of a great company is one that will remain great for many years”

3. Management should have integrity

Integrity is the most crucial quality that a company’s management must have. Such companies not only run their businesses in an honest manner, but, are honest to all their stakeholders, whether they are employees, the government or the shareholders.


If honesty is part of a company’s DNA, it will be fair to its smallest stakeholders – the minority retail shareholders. Companies such as Tata and Infosys have this quality, which has added to their growth and market attractiveness immensely.

“Without management integrity, no margin of safety can be high enough”

The above-mentioned three characteristics (long lasting intellectual entry barrier, competent and passionate management and integrity) must all be simultaneously present in a company that you choose to invest in.

4. Buy low

The price that you pay for a stock determines your rate of return. So, it is essential that you get your purchase price right. While some companies come out on top with respect to all the first three parameters, the returns falter when it comes to the purchase price.

For instance, HLL comes on top with respect to all the first three parameters but has not delivered as much as far as its stock goes. Its stock delivered a CAGR of approximately just 3 per cent over the last 5 years, when the market delivered a CAGR of approximately 44 per cent over the same period.

The quote - “In the bible it is said that love takes care of a lot of sins. In investments, purchase price takes care of a lot of mistakes” – is very apt. You can make mistakes on assessing the first three parameters, since they are subjective in nature, but getting the right purchase price covers up for all your mistakes. Hence, estimate the expected value / intrinsic value of the company and keep an adequate margin of safety in the purchase price.

“It is much more important to buy cheap than to sell dear”

5. Have patience

When you buy a house you don’t expect it to appreciate overnight. You look at its appreciation over a long period. The same goes with equity. After having bought a company that conforms to all the above four criteria, you need to have patience. Investing in equities is often driven by two emotions – greed and fear. And patience is the mantra that helps overcome these emotions. Patience makes the difference between investing and speculation. It’s like a fertiliser to the investment process.

“In reality, patience is crucial, but it is a rare commodity”

End note

Investing is laying out today’s money for more in the future. Its about performance of the underlying assets. Success in investing is the outcome of a disciplined approach.

Happy Investing !

IFCI FOR FREE FALL

OUR BTST- BALRAMPUR CHINI

FII Gross purchases Rs 3446 Cr, Gross sales Rs 5896 Cr, Net Sellers Rs 2449 Cr.
MF Gross Purchases Rs 895 Cr, Gross Sales Rs 514 Cr, Net Buyerss Rs 381 Cr.

OUR PICKS - RELCAP,PENINSULA LAND,ANUH PHARMA,DCB

SELL N SELL IFCI TILL 75-80 LEVELS ON OPENING

Today, Nifty has support at 5,672 and resistance at 5,847 and BSE Sensex has support at 18,872 and resistance at 19,384.

The market may edge higher amid steady-to-firm Asian markets. However, a major upmove is likely as traders are unlikely to build large positions ahead of a long weekend. The market remains closed on Friday, 21 December 2007 on account of Bakri Id and also on Tuesday, 25 December 2007 on account of Christmas.Traders are likely to start building positions towards the end of the month based on expectations of Q3 December 2007 results due next month.

As per provisional data, FIIs were net sellers of shares to the tune of Rs 1454.06 crore on Wednesday, 19 December 2007. Domestic funds bought shares worth a net Rs 350.60 crore on that day.

Stocks in News:

IFCI stake sale has been called off due to differences with Sterlite-Morgan Stanley consortium over management control.

Kingfisher and Deccan board approves merger.

Glenmark receives domestic patent for its asthma molecule, Oglemilast.

BHEL’s bid to build Rs84bn electricity-generation factory gets rejected.

Reliance Industries (RIL) is in talks with Tata Chemicals to sell KG basin gas.

Tata Power eyes shipping and logistics business and plans to raise Rs40bn from domestic and international market.

SAIL signs a pact with Rail Vikas for transportation of 5 lakh tons of imported coking coal per year.

Vale, world’s largest iron ore pellets manufacturer, is in talks with Tata Steel to set up a steel slab plant in Brazil.

Reliance Retail to enter food trading business as a part of major re-structuring of its food and grocery initiative.

Dabur India is planning acquisitions of an FMCG company in foods or personal care segment.

Hero Honda forays into used two-wheeler trading business under the ‘Hero Honda SURE!’ brand.

Union Bank is planning to enter mutual fund business and venture capital business.

Welspun India buys 76% stake in Portugal-based company for Rs600mn.

MRF plans to spend Rs5bn towards setting up a greenfield two-wheeler and four-wheeler tyre facility in TN.

Rolta India plans to enter real estate business through a group company, Rolta Infrastructure.

JK Tyres to hike tyre prices in next quarter.

EMCO promoters keen to raise stake in the company to 51%.

The telecom spectrum panel recommends the government to consider new allocation options, including auction.

Allahabad High Court asks UP Government to rework the cane state advisory price SAP) fixed by it for purchase of sugarcane.

LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS

FOR OUR SUBSCRIBER'S ONLY

Relief rally haaaaan

OUR BTST - NIFTY ,BANKNIFTY,PATEL ENG

LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS

FOR OUR SUBSCRIBER'S ONLY

FII Gross purchases Rs 4117 Cr, Gross sales Rs 5216 Cr, Net Sellers Rs 1089 Cr.
MF Gross Purchases Rs 701 Cr, Gross Sales Rs 495 Cr, Net Buyerss Rs 207 Cr.

Today, Nifty has support at 5,698 and resistance at 5,837 and BSE Sensex has support at 18,936 and resistance at 19,416

Markets on the back of positive global cues are likely to trade in the positive zone.A business daily reports that RCF is planning to sell the Mumbai land. If turned true the stock is likely witness huge action and likely to propel stocks like Bindal Agro travelling in the same boat. Land bank stories are still active and come 2008 we believe slowly market is likely to lose interest in the land bank buzz. But Realy and Infrastructure are likely to enjoy market favour unless any setbacks in the form of next year's fiscal budget.

HOT PICKS - PATEL ENG,ELDER HEALTHCARE,JB CHEMICALS,NEYVELI LIGNITE,ONGC,ISPAT(all time darling)

Pyramid Retail(Rs.174.55) stock price is likely to continue the upside journey after the buy out by IndiaBulls

Stocks in News:

PowerGrid Corporation plans foray into entertainment business and is in talks with Zee Network for a JV.

Pfizer is short of clinical research staff as it is set to expand the number of trials done in India.

Royal Orchid would make an international foray with plans to @�
�����<���om beach resort over a 30-acre property in Dar-es-Salaam, Tanzania.

JSW Steel looking at buying an ore mine in Latin America.

The hearing for US$400mn claim filed by Flag Telecom against VSNL would be decided by early 2008.

BEML expects to start producing medium speed rail coaches from 2008-09.

BEML expects Rs40bn order book by the end of the current financial year.

Wockhardt is conducting phase-II clinical trials of an anti-infective molecule WCK771

Maruti has offered discounts ranging from Rs18,500 to Rs57,500 across models before January price hike.

Indian Oil Corporation has set aside US$3bn for overseas acquisition.

Jindal Power likely to invest over Rs50bn in adding another 1,320MW to its thermal power project in Chhattisgarh.

Voltas has entered the water treatment business.

The Bombay High Court has approved the demerger of Bajaj Auto into two separate entities.

Rallis India plans foray into newer specialty chemicals segment and will look at areas such as construction chemicals.

GTL Infra to invest $450-600mn over next three years for setting up telecom towers.

Glenmark to acquire multi generic front end US$15mn company in Europe.

REL plans to foray in to Africa, to bid for projects in 3 African countries.

HDFC has sought the approval of NHB to retain stake in HDFC Bank.

Spice Jet, Air Deccan to hike prices by around Rs500-1,000.

PSU banks to go on strike from February if proposed plan on consolidation and mergers is not withdrawn.

Farmers' association wants a removal of ban on wheat and rice futures.

Regulators agree to partially open the ECB window for NBFCs.

States to meet Prime Minister to take up new mineral policy.

The Government to ease norms governing airport construction, to allow new airports to come up within 150km of existing ones.

Maharashtra Government plans to invest in Co-Operative Sugar factories to reduce burden of loans.

SUBSCRIBER NOW TO KNOW MORE

The market is expected to open on a weak note today;
traders are advised to assume short positions if Nifty fails to
hold 5750 levels with a stop loss placed at 5820 levels for
downsides of 5700 and 5640 levels. Alternatively, long positions
can be assumed if Nifty finds support at 5640 levels.

The breadth of the market declined to 228:954
suggesting selling pressure prevailed in mid -cap and small-cap
stocks as well. Nifty Futures have witnessed fresh build up of
short positions; Nifty December futures have added 7 lakh
shares in open interest with premium shrinking to 2.80 points
from 24.10 points. On the options front Nifty call options have
witnessed buying while, put options have seen short closure
shuggesting market to remain highly volatile with a downward
bias .

HOT PICKS - GTL INFRA,UNICHEM LAB,BHARATI TELE,KAUSHALYA INFRA

We have a Cautiously Bullish view on Reliance. We recommend a Protective Put strategy:
o Buy One Reliance Dec Fut @ 2790-2800
o Buy One Reliance Dec 2800 PA @ 55 – 60
o BEP: 2860
o Investment: Rs.80,000 (Approx)
o Time Frame: 8-10 Days

Market highly volatile

SUBSCRIBER NOW TO KNOW MORE

FII Gross purchases Rs 6910 Cr, Gross sales Rs 5827 Cr, Net Buyers Rs 1082 Cr.
MF Gross Purchases Rs 1011 Cr, Gross Sales Rs 1192 Cr, Net Sellers Rs 181 Cr.

As per provisional data, FIIs sold shares worth a net Rs 647.10 crore on Friday, 14 December 2007. Domestic institutional investors bought shares worth a net Rs 105.18 crore on that day.

FIIs were net sellers of index futures worth Rs 1359.88 crore on Friday. They were net sellers to the tune of Rs 50.63 crore in index options on that day. FIIs net sold stock futures to the tune of Rs 785.05 crore. They net sold individual stock options to the tune of Rs 10.71 crore.

We expect a softer opening today and another volatile day for the market today. The main attraction will be outside the key indices.Today, Nifty has support at 5,923 and resistance at 6,102 and BSE Sensex has support at 19,680 and resistance at 20,125

Indian midcaps/smallcaps are in no mood to listen to the global music, continue to flare up. Though the run up is broad based the intensity of the run up is definitely a cause of concern. Operator driven stocks are running crazy leaving behind the valuations. Extreme caution is adviced in rumour based stocks and remember history repeats but trying to time the fall is not advisable

Indiabulls Financial will be in action as the Delhi High Court has cleared its demerger plans.

HOT PICKS - INDIA CEM,RDB INDUSTRIES,FORTIS HEALTHCARE,FINOLEX INDUSTRIES

Market: News for the day...

1) Ford set to announce Tata Group as preferred bidder for Jaguar and Land Rover.
2) Tatas eye UK investment bank Close Brothers. Tata among six others suitors.
3) IFCI board meet today, sets conversion price of Rs 107 for FIs, 3 firms Shinsei-PNB, Sterlite-Morgan and Cargill-Texas in fray.
4) Lanco Infra to create holding co for verticals and appoints AT Kearney & E&Y to recommend changes.
5) NSE F&O curb: Alok Industries, Neyveli, TTML, Power Grid, Rajesh Exports, Essar Oil, MRPL, Gitanjali Gems, Nagar Fert, Hotel Leela, Bongaigaon, Adlabs, and GMR Infra. Out of curb: Oswal Chem, Parsvnath, IFCI, Arvind Mills.
6) Phoenix Lamps eyes Surya Roshi's lightining biz.
7) Bajaj Auto Demerger - hearing in Bombay HC concludes; HC to issue order on Monday.
8) Govt may rein revenue sharing agreement to compensate GMR lead consortium for possible loss of revenues due to proposed Greater Noida airport.
9) SBI eyes more banks abroad.
10) Bid for Govt's 36.7% stake in Gujarat Alkalies will be invited post elections.
11) Jindal Drilling: To make pref issue of 1.2 m shares to Citigroup at Rs 1,280/share. Jindal Drilling Issue to Citi represents 10.47% of post-issue cap.
12) Era Infra Engineers open offer at Rs 615/sh.
13) General insurance to get full pricing freedom from Jan 1.
14) India Glycols acquires Shakumbari Sugar and Allied Ind for Rs 47 cr.
15) Power Grid gets finance ministry clearance to procure USD 1600m loan from World Bank and ADB.
16) Coal India hikes prices by 10-15%.
17) Mold-Tek will sell 10% in KPO unit to PE firms.
18) ABG Shipyard to raise USD 200m for expansion.
19) Cummins India eyes USD 2bn auto sourcing deals.
20) Colgate to resume trading and would be part of NSE F&O; lot size 550 shares; options strike prices between Rs 80-680.
21) Manaksia IPO opens today; offer of 1.55 cr shares; price band Rs 140-160.
22) Precision Pipes IPO opens today; offer of shares up to Rs 75 cr; price band Rs 140-150.
23) Porwal Auto Components IPO opens today; offer of 50 lakh shares; price band Rs 68-75.
24) Phoenix Mills board meet on Dec 19 on stock split.
25) Mahindra Holidays & Resorts India files DRHP for IPO of 1.07 cr shares.
26) Allied Digital: Likely to close about USD 5 m domestic co buy in Dec. Sees FY09 revenue at Rs 650 cr; profit at Rs 75 cr.

8 reasons why stock market traders lose money

Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that "the easiest way of making a small fortune in the markets is having a large fortune."
I discuss below eight ways of undisciplined trading which lead to losses. Guard against them, or the market will wipe you out. I am qualified to speak on this subject because I was myself an undisciplined trader for a long time and the market hammered me into line and forced me to change my approach.
1. Trading during the first half-hour of the session
The first half-hour of the trading day is driven by emotion, affected by overnight movements in the global markets, and hangover of the previous day's trading. Also, this is the period used by the market to entice novice traders into taking a position which might be contrary to the real trend which emerges only later in the day.
Most experienced traders simply watch the markets for the first half of the day for intraday patterns and any subsequent trading breakouts.
2. Failing to hear the market's message
Personally, I try to hear the message of the markets and then try to confirm it with the charts. During the trading day, I like to watch if the market is able to hold certain levels or not.
I like to go long around the end of the day if supported by patterns, and if the prices are consistently holding on to higher levels. I like to go short if the market is giving up higher levels, unable to sustain them and the patterns support a down move of the market.
This technique is called tape watching and all full-time traders practice it in some shape or form. If the markets are choppy and oscillate within a small range, then the market's message is to keep out.
Hearing the message of the market can be particularly important in times of significant news. The market generally reacts in a fashion contrary to most peoples' expectation. Let us consider two recent Indian events of significance.
One was the Gujarat earthquake that took place on 26 January 2001 and the other the 13 December 2001 terrorist attack on the Indian parliament. Both these events appeared catastrophic at first glance. TV channels suggested that the earthquake would devastate the country's economy because Gujarat has the largest number of investors and their confidence would be shattered, making the stock market plunge.
Tragic as both the events were, the market reacted in a different way to each by the end of the day. In both cases the markets plunged around 170 points when it opened, in both cases it tried to recover and while it managed a full recovery in the case of the Gujarat earthquake, it could not do so in the Parliament attack case.
The market was proven correct on both counts. The Gujarat earthquake actually held the possibility of boosting the economy as reconstruction had to be taken up, and also because most of the big installations, including the Jamnagar Refinery, escaped damage. In the case of the attack on parliament, although traders assessed that terrorist attacks were nothing new in the country but the market did not recover because it could see some kind of military build-up ahead from both India and Pakistan. And markets hate war and uncertainty.
In both these cases what helped the cause of the traders were the charts. If the charts say that the market is acting in a certain way, go ahead and accept it. The market is right all the time. This is probably even truer than the more common wisdom about the customer being the king. If you can accept the market as king, you will end up as a very rich trader, indeed.
Herein lies one reason why people who think they are very educated and smart often get trashed by the market because this market doesn't care who you are and it's certainly not there to help you. So expect no mercy from it; in fact, think of it as something that is there to take away your money, unless you take steps to protect yourself.
3. Ignoring which phase the market is in
It is important to know what phase the market is in -- whether it's in a trending or a trading phase. In a trending phase, you go and buy/sell breakouts, but in a trading phase you buy weakness and sell strength.
Traders who do not understand the mood of the market often end up using the wrong indicators in the wrong market conditions. This is an area where humility comes in. Trading in the market is like blind man walking with the help of a stick.
You need to be extremely flexible in changing positions and in trying to develop a feel for the market. This feel is then backed by the various technical indicators in confirming the phase of the market. Undisciplined traders, driven by their ego, often ignore the phase the market is in.
4. Failing to reduce position size when warranted
Traders should be flexible in reducing their position size whenever the market is not giving clear signals. For example, if you take an average position of 3,000 shares in Nifty futures, you should be ready to reduce it to 1,000 shares.
This can happen either when trading counter trend or when the market is not displaying a strong trend. Your exposure to the market should depend on the market's mood at any given point in the market. You should book partial profits as soon as the trade starts earning two to three times the average risk taken.
5. Failing to treat every trade as just another trade
Undisciplined traders often think that a particular situation is sure to give profits and sometimes take risk several times their normal level. This can lead to a heavy drawdown as such situations often do not work out.
Every trade is just another trade and only normal profits should be expected every time. Supernormal profits are a bonus when they -- rarely! -- occur but should not be expected. The risk should not be increased unless your account equity grows enough to service that risk.
6. Over-eagerness in booking profits
Profits in any trading account are often skewed to only a few trades. Traders should not be over-eager to book profits so long the market is acting right. Most traders tend to book profits too early in order to enjoy the winning feeling, thereby letting go substantial trends even when they have got a good entry into the market.
If at all, profit booking should be done in stages, always keeping some position open to take advantage of the rest of the move. Remember trading should consist of small profits, small losses, and big profits. Big losses are what must be avoided. The purpose of trading should be to get a position substantially into money, and then maintain trailing stop losses to protect profits.
Most trading is breakeven trading. Accounts sizes and income from trading are enhanced only when you make eight to ten times your risk. If you can make this happens once a month or even once in two months, you would be fine. The important point here is to not get shaken by the daily noise of the market and to see the market through to its logical target.
Remember, most money is made not by brilliant entries but by sitting on profitable positions long enough. It's boring to do nothing once a position is taken but the maturity of a trader is known not by the number of trades he makes but the amount of time he sits on profitable trades and hence the quantum of profits that he generates.
7. Trading for emotional highs
Trading is an expensive place to get emotional excitement or to be treated as an adventure sport. Traders need to keep a high degree of emotional balance to trade successfully. If you are stressed because of some unrelated events, there is no need to add trading stress to it. Trading should be avoided in periods of high emotional stress.
8. Failing to realise that trading decisions are not about consensus building
Our training since childhood often hampers the behaviour necessary for successful trading. We are always taught that whenever we take a decision, we should consult a number of people, and then do what the majority thinks is right. The truth of this market is that it never does what the majority thinks it will do.
Trading is a loner's job. Traders should not talk to a lot of people during trading hours. They can talk to experienced traders after market hours but more on methodology than on what the other trader thinks about the market.
If a trader has to ask someone else about his trade then he should not be in it. Traders should constantly try to improve their trading skills and by trading skills I mean not only charting skills but also position sizing and money management skills. Successful traders recognise that money cannot be made equally easily all the time in the market. They back off for a while if the market is too volatile or choppy.

Market highly volatile

HOT PICKS - ISPAT,MUNDRA PORT, RAMA NEWSPRINT, HIND ORGANICS

Today, Nifty has support at 5,946 and resistance at 6,143 and BSE Sensex has support at 19,829 and resistance at 20,319.

we believe the markets are likely to trade up today. Daily it is a routine to witness new stocks rallying and sitting pretty on circuits. The trend is likely to continue irrespective of the front liners. We always believed in midcaps due to low valutions and rapid growth and never concentrate on large caps except few.The market is expected to stay sideways in absence of major positive trigger in near term. However high volatility may be seen as the market consolidates at higher levels. Overseas cues will also to some extent dictate the near term sentiment. However small and mid-cap stocks may continue their rally on momentum buying, as indicated by strong market breadth in the past few days

As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 401.76 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 226.65 crore on Thursday, 13 December 2007.

GMR Share is tipped to touch Rs.280 mark by the year

Tata Tele(Mah) is likely to divest 49% of the stake in its tower business.we have our bet placed likely to double from these levels in the next one year

Abhishek Mills(Rs.71) mentioned couple of times in this section is a multibagger. The stock appear to be eyeing the century level

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BULLS vs BEARS

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OUR TRADING CALL OF KS OILS ALSO FLARED ALMOST 10% OH GOD. WHAT A GAIN.

OUR BTST are NTPC,RNRL,PUNJLLOD,INDIAN OIL

The market is expected to open on a flat to positive note today.
However, profit booking from the higher levels cannot be ruled
out. Traders are advised to assume long positions from lower
support of 6150 and 6120 levels with final stop loss placed
below 6110 levels.However, Nifty witnessed
sharp bounce from the lower support of 6000 levels in the initial
hour of the trade itself. Buying in telecom pivotal assisted the
Nifty to test li fe time high at 6175 levels. Buying continued in
mid -cap stocks as indicated by strong market breadth at
797:377. Nifty December futures have seen fresh accumulation
of long positions ; December futures have added 40 lakh shares
in open interest with significant increase in premium to 29.75
points from 10.05 points. On option fronts ; call options have
seen mixed trend while put options have witnessed writing
across the strikes suggesting limited downsides in the market.

HOT PICKS - SPICE TELE,NICHOLAS PIRAMAL,PORRITTS & SPENCER

Delivery
EDELWEISS CAP. : Short Term Target 1700+
IFCI : Target 150+

AMD Metplast(Rs.51.75) is being cornered by insiders. Watch for good gains in the short term
Buy MTNL Buy for a target of 215 and above for 4 days
Adlab target 2000

We have a moderately view on NTPC. We recommend a Covered Call strategy:
o Buy One NTPC Dec Fut @ 252 - 254
o Sell One NTPC Dec 260 CA @ 7.00 – 7.50
o BEP: 247
o Investment: Rs.1,56,000 (Approx)
o Time Frame: 8-10 Days

Maruti Buy 1050-1060 sl 1043.10 for target 1110-1120 for 2-3 Days
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GAP DOWN OPEN

The Market is likely to have negative opening, as the cues from global markets are not in favor. The market surged yesterday to hit new landmarks by creating a rally over the sectoral indices scrips on the back of heavy buying across the counters. Both the benchmark indices closed lifetime high with handsome gains.

Today, Nifty has support at 5,962 and resistance at 6,139 and BSE Sensex has support at 19,928 and resistance at 20,396

The Index of Industrial Production (IIP) data for October 2007 is due today, 12 November 2007. IIP had slumped 6.4% in September 2007 over 12% in September 2006. Industrial output moved down 9.2% in April-September 2007 compared with 11.1% in April-September 2006.

Stocks in News:

Wipro is looking to earn one-sixth of its global revenues by March 2009 from system integration business.

Pfizer's patent for new HIV follow up treatment drug Celzentry in India may face opposition from patient groups and NGOs.

Marico is currently test marketing hair oil, gel and shampoo for children.

ITC to provide supply solutions to help small stores place orders over mobile phones.

TV18 Group to buy a majority 53% stake in Infomedia India.

Ansal API receives UP government’s approval for two SEZs.

Jindal Drilling plans to divest 10% stake to fund expansion plans.

Nalco is investing Rs300bn over the next five years for setting up smelter and power plant in Indonesia.

SBI expects slowdown in personal loans by 5-10% in second half of FY08.

Shriram Transport Finance is looking at the replacement market to sustain its loan growth at 50% in H2 FY08.

Idea Cellular offers Rs16.5bn for additional 4.4MHz spectrum.

Reliance Industries to spend US$12bn to develop three gas basins.

IOC says it would stop fuel supply to the railways if the latter continues to insist on discounts.

United Phosphorus is set to bid for Australia's largest agriculture chemical company, Nufarm.

Tata Steel has entered into a joint venture with SODEMI for the developing Mount Nimba iron ore deposits in Ivory Coast in West Africa.

Suzuki announces that Maruti Suzuki India will make its next global car, the A-Star.

Mercator Lines raises about US$142.5mn from its listing at the Singapore stock exchange.

Reliance Industries sings contracts for exploration in two oil and gas blocks in Colombia.

Reliance Energy led consortium will contest Sea King while bidding for the Mumbai Trans-Harbour link.

Reliance Energy’s 4,000MW Shahapur project gets environment clearance.

L&T acquires 26% stake in New Delhi based consulting and engineering firm Feedback Ventures for Rs400mn.

JSW Energy invites bids for BoP package for its proposed 3x400MW coal fired power plant in Ratnagiri.

Commerce Minister Kamal Nath rules out any possibility of relaxation of land rules for SEZs.

The RBI may soon tighten norms for foreign exchange derivatives.

The Government is likely to extend Software Technology Parks of India scheme only to Indian ITES/BPO firms beyond 2009.

The Petroleum & Natural Gas Regulatory Board has urged the petroleum ministry to offer targeted subsidy on petrol, diesel, LPG and kerosene.

FII buying slows down

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Today, Nifty has support at 5,908 and resistance at 6,039 and BSE Sensex has support at 19,773 and resistance at 20,278.The market is likely to open on a positive note tracking firm Asian markets in current trades and the gains in the US markets. The global crude oil prices trading near $88 and strong FII inflows may boost the market sentiment. Among the local , the Nifty could test 6,200 on the upside and may slip to 5,750 on the downside. The Sensex has a likely support at 19,300 and may face resistance at 21,000

Midcaps are flying across the board with new stocks joining them every day.Things continue to look bullish as the markets are in the hands of domestic operators and HNI's. Slowly getting into cash is not a bad idea
Breaking 20,000 appears to be a difficult task but it only a matter of days. A break will give us couple of thousand point rally in no time. Sugar, Hotels and Textiles are in the front seat in yesterday's midcap run.

Reliance likely to acquire a global retail chain

Alok Indutries jumped big time and we were bullish on this stock from last month

Alok Industries(Rs.91.25) is likely to shoot towards 125 levels. De-merger news is boosting the stock price.

HOT PICKS - RADICO KHAITAN,YES BANK,BILT,PVR

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Markets to open flat to low

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Nifty has support at 5940, 5880 and 5820 levels and will face resistance at 6040, 6065 and 6115. Closing above 6065 and also sustaining above the same may result in fireworks and change the picture in total favour of the bulls. On the downside, 5680 will be the critical level to watch out for

Foreign institutional investors' net sold equity worth Rs 253.84 crore on Friday while mutual funds were net buyers of equity worth Rs 339.64 crore, according to provisional data on NSE

Though the bulls managed to lift the Sensex and the Nifty above 20k and 6k, respectively, they could not hold those levels owing to some profit booking. The same scenario may play out this week as well. The undertone is largely positive, but the trend will remain choppy and the key indices are likely to consolidate after reaching new lifetime highs.

Today, we expect the key indices to be cautious to slightly higher at the opening bell, though the rally in small- and mid-cap shares may continue. But one has to be weary of the spurt in small- and mid-cap stocks, as a steep fall may leave one high and dry

Sensex appears to struggle to close above 20k and today might be the day of the record.IT stocks swung into action with the second rung stocks making come back after a long time

Fed is likely to go ahead with a 25 basis point cut next week and the same is factored in. Definitely the downsides appear to be capped and the major depends on the liquidity and with the holiday season coming up do not expect a run away rally

Reliance Power may be forced to push its initial public offering (IPO) to early next year, as the Securities and Exchange Board of India (Sebi) is still grappling with the fine print of the red herring prospectus.

Buying was observed in Royal Orchid(Rs.146.95)

OUR Picks STERLITE OPTICALS,ROLTA, NAGARJUNA FERTILIZERS,MARUTI,TRIVENI ENGG,ICICIBANK,RCOM

STILL THINKING FOR A REASON TO JOIN US

Time to buy or exit - only for Clients

Still waiting for subscriptions ?? great ??

OUR BTST - BHARATI AIRTEL

Nifty (5955) Sup 5902 Res 6036

The Sensex and the Nifty may close above 20k and 6k, respectively today. Trading will be choppy as investors may develop cold feet with the indices at new lifetime highs. Small-cap and Mid-cap stocks will continue to hog the limelight. We expect another strong start and hopefully, a better closing than yesterday.

FII Gross purchases Rs 5515 Cr, Gross sales Rs 4434 Cr, Net Buyers Rs 1081 Cr.
MF Gross Purchases Rs 1098 Cr, Gross Sales Rs 1290 Cr, Net Sellers Rs 192 Cr.

Stocks in News:

Eicher Motors could attract attention amid reports that it could form a JV with Swedish CV major Volvo.

Reliance Communications gets all-India GSM license from DoT. (ET)

Glaxo pulls-out patent applications of two anti-AIDS medicines in India. (ET)

Bank of England reduced interest rates indicating that Fed rate cut is almost on cards. Though the market is discouting 25 basis point cut Bull run always looks for an excuse for big jumps.

Unitech is another stock in limelight after the company announced the plans of major expansion and de-merger of the retail business

Gammon India(Rs.600.20) is in the buy list of savy funds. WE expect 700 levels soon

STOCK ON RADAR - IDEA,UNITECH,BHARATI,HTML GLOBAL.........

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POWER STOCK IN DEMAND

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OUR BTST - BANK NIFTY, POWERGRID, GAIL,

The market is expected to open on a positive note today;
traders are advised to assume long positions if Nifty sustains
above 5995 levels else from lower supports of 5940 for upside
targets of 6050 and 6125 levels.

FII Gross purchases Rs 3974 Cr, Gross sales Rs 3954 Cr, Net Buyers Rs 20 Cr.
MF Gross Purchases Rs 1028 Cr, Gross Sales Rs 1062 Cr, Net Sellers Rs 34 Cr

Nifty December futures witnessed long accumulation; it added 6 lakh shares in open
interest on the back of premium increasing significantly to 37.15
points. The overall market has seen addition of 2.84 percent of
open interest on the back of increasing cost of carry indicating
positive sentiments prevailing. On the options front call options
have seen fresh buying while put options have witnessed
shorting indicating limited downsides form the current levels.

We have a moderately bullish view on IDBI. We recommend a bull call spread strategy:
o Buy One IDBI Dec 180 CA @ 9.50 – 10.50
o Sell One IDBI Dec 190 CA @ 6.50 – 7.50
o BEP: 183
o Investment: Rs.1,30,000 (Approx)
o Time Frame: 5-6 Days

IDBI Buy at 175 sl 172.10 for target 183-185 for 5-6 Days

Watch for big moves from MTNL and Alok Industries soon

RED HOT STOCK POWER GRID,INDUSIND BANK ,DCB, GAIL NTPC,RNRL

STILL THINKING FOR A REASON TO JOIN US

Technical picks

MoserBaer - MoserBaer had made a double top earlier
around 340 levels, and slipped sharply
from the highs. It is currently trading
around the major support level which is
also a double bottom for the stock around
240 levels. The stock has found support
and has reverted back with an increase in
volumes, suggesting an excellent bottomfishing
opportunity in the stock. The
leading indicator like 14-day RSI has given
a strong buy signal, as it bottomed out
around the oversold territory. However,
the stock currently is trading below all the
major moving averages barring the 200-
day EMA, from where we had earlier seen
a bounce back in the stock. The stock may
face trouble around 280 levels on the
upsides above which it could witness a
unidirectional movement towards its all
time high levels of 350. This stock is an
excellent bottom fishing pick from the
current levels. All long positions in the
stock should be protected with a stop loss
placed below 238 levels on a closing basis

DLF - DLF had been consolidating lately around
its rock solid support zone of 850-900 levels.
The stock made a high of 999 in the recent
past. However, profit booking forced the
stock to test lower levels of 800. The stock
is currently consolidating around the 900
mark and a further decline in the stock is
largely ruled out. The 14-day RSI is hovering
around the oversold territory and hasgenerated a
strong buy signal from the current levels.
Immediate resistance isplaced at around the all time
high levels. A sustained close above that level will
induce fresh buying interest in thestock which might
guide it to test new highs of 1080-1100 levels.
The 50-day EMA level is placed at around 850
levels which is unlikely to be broken in the near term.
Investors are advised to assume long positions in the
stock in the range of 900-925 levels for a medium term
target of 1050 and 1100 levels. All long positions in the
stock should be protected with a stop loss placed below
840 levels on a closing basis.

Cinemax - declared its 2QFY08 resultswhich were lower
than our expectations.This was due to a delay in the
launch ofits new properties as compared to our
expectations. The delays have been due to mix of
late handing over of properties,delay in getting
the fit-outs done and getting the specific clearances
like no objection certificates from the municipal
authorities. The company has currently
15 properties under operation with 44
screens and 12,057 seats. The topline of
the company grew by 7.5%, while the bottomline rose
by 36.8% QoQ on account of larger number of
screens under operation. The company also
reported a 70% QoQ jump in its other income from
Rs.8.9 mn to Rs.15.1 mn, thereby aiding its bottomline
growth. As the company was listed in (2H FY07), the
corresponding figures of (2QFY07) are not available for
comparison. Moving forward, they now have pushed back
the launch of new properties on account of various reasons
as outlined. On an average, we now estimate that upcoming
properties may be delayed by a quarter. Hence, we have revised
our FY08E and FY09E topline numbers. Our FY08 sales
are revised downwards by 17% from Rs.1,580 mn to
Rs.1,306 mn, while FY09 sales from Rs.2,864 mn to
Rs.2,414 mn. Inspite of this reduction in our estimates,
we still rate Cinemax as a ‘BUY’ with a reduced price target
of Rs.168 against our previous target of Rs. 200. The
stock currently trades 15.2x FY08E and 8.7x FY09E. The
revised price target implies a 41% upside from the current
market price and is at 12.3x FY09 estimated earnings.

Time for IT to move

STILL THINKING FOR A REASON TO JOIN US

OUR BTST JP ASSOCIATES watch out for today

Today, Nifty has support at 5,765 and resistance at 5,908 and BSE Sensex has support at 19,529.50 and resistance at 19,691.

Turnover in F&O segment rises

Nifty December 2007 futures were at 5889, at a premium of 30.65 points as compared to the spot closing of 5858.35.

The NSE's futures & options (F&O) segment turnover was Rs 56,330.05 crore, which was higher than Rs 54,816.50 crore on Monday, 3 December 2007.

Stock on radar HCC,ESSAR STEEL, BATA INDIA,TTML

Buy TTML for a target of 58 and above for 5 days

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Midcaps and only midcaps will be the highlight of this month

OUR ESSAR OIL , HIND OIL , ISPAT , MERCATOR LINE , HITTING OUR TARGET EVERYDAY

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The market is expected to open on flat to positive note today;
traders are advised to assume long position if Nifty sustains
above 5850 levels for upside targets of 5900 and 5950 levels.
Alternatively, the y can assume long position from lower support
of 5800 levels with a final stop loss placed at 5780 levels.

Nifty December futures open interest remained flat with premium decreased to 11.45 points from 40.75 points suggesting closure of long and fresh build up
of short positions. On the options front both call and put option
has witnessed accumulation of long position indicating volatility
is expected increase in the near term; Nifty 6200 call option
seen highest addition of 3 lakh shares in open interest

Alok Industries a huge rally in the offing due to demerger).

Watch out for TATA TEA, WELSPUN GUJARAT, ESSAR SHIPPING,RNRL, INOX LEISURE,
GUJARAT NRE COKE

JHS Svendgaard(Rs.57.60) is likely to shoot up towards 70 levels.

Rcom Buy Above 720 sl 710 for target 735-738 for 1-2 Days
Buy MTNL for a target of 190 and above for 1-2 days

We have a Rangebound view in Nifty. We recommend a Short Strip strategy:
o Sell Two Nifty Dec 5400 PE @ 78 - 82
o Sell One Nifty Dec 6000 CE @ 100 - 104
o UBEP: 6262
o LBEP: 5138
o SL: 350 (Total Premium)
o Investment: Rs.95,000 (Approx)
o Time Frame: 8 – 10 Days

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$200 million pulled out of India

Indian markets are likely to open in the positive and Stock specific activity is likely to continue with sector. Nifty looks all set to break the resistance in 5840 –5850 range. Then usual profit booking which we see again, Global markets are in better shape and oil prices are hovering around the US$89 per barrel mark. Auto stocks will attract some attention due to the release of the monthly sales data. Maruti has reported strong numbers. Hero Honda has managed to beat the negative growth trend in the two-wheelers segment. IFCI will be in action as a financial daily reports that it has decided to sell up to 20% stake to IFC, the World Bank's private arm.

Reliance Energy will remain in the limelight. The promoters have decided to inject Rs80bn in the company to help it fund the two UMPPs at Sasan and Krishnapatnam

Realty is likely to perform this month

Mid cap stock on fire watch out for it to know more subscribe

RNRL to see more than double centuary in december

ADAG owned Reliance Energy is said to be recieving Rs.8,000 crores from the promoters.

GMR Infrastructure is eying for an international airport in the central Europe. The stock is likely to be in action in the coming days

Land sale is likely to ignite MTNL(Rs.171.85) stock. Watch for a big move above the double century mark.

Alok Industries Buy for a target of 85 and above for 5 days

Stock to watch RELIANCE ENERGY,HIND OIL,MERCATOR LINE, HOTEL LEELA

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MARKET IS ALL ABOUT PATIENCE GAME

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Markets may continue showing divergent trend for some more time as the roll over of future positions for Dec series is not encouraging. Wait for some time for fresh positions.Indian stock market is expected to show volatile movement after lunch

No long calls today
Positional call - Videocon target 505 ,Essar oil for target 235

Government today announced more sops to the exporters reeling under string rupee pressure.Watch for the exports driven sectors today for good momentum

RIL plans to investment Rs 17,000 crore in oil and gas exploration over the next few years.

OCL India(Rs.301.90) is likely to reach 400 levels before the merger.

Bulls Days Out

Yesterday Strictly mention no short to carry for today and we bought nifty at 5590 Dec book today in 100+ only

Asian markets are seen 2% to 3 % up with joy on big gains in the US Markets. Indian markets were under the F&O shadow yesterday but today will favour bull.

Crude fell to $90 and Ayto stock to rally

Shaw Wallace will be merging with the UB group. Rumours of another merger between Deccan airlines and Kingfisher triggered massive buying in the Deccan Aviation counter. 15 new stocks were added to the F&O segment Rumours are a buzz that Parsvnath might go for a partnership agreement with Carrefour and watch out for those counter

Buy VSNL ,PARSVNATH,ISPAT,INDIABULLS

OUR YES BTST - INDUS BK ,NIFTY,JP ASS,OMAXE,SIEMEN,CUMMINS
IT Sector to see big rally today buy at opening stock like Satyam,wipro,Infosys...

JSTAINLESS may cross over the level of 250 also in short term.

CENT BANK may may cross over to the level of 144 also in near term.

INDIAINFO may cross over the level of 1300 also in near term.

CHENN PETRO may cross over the level of 432 also in near term.

IL&FS Investsmart(Rs.256.50) started the long awaited uptrend. Bigger targets seen

New List for F& O will be out very soon and we had mentioned stocks :

Global Broadcast News, Hindustan Zinc, Jindal Saw, NIIT , Development Credit Bank, Kpit Cummins Infosystems,ZEE NEWS ,UTV,Motor Industries, Info Edge, Great Offshore, Wire & Wireless, Redington (India), Network 18 Fincap, Ispat Industries, Hindustan Oil Exploration , Gitanjali Gems.


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Crude at lowest level in a week

Opening is up,buy abv 5705 sl 5685 tgt 5745-5780 and if sustain below 5690,sell with SL 5725 tgt 5640-5610.

Nifty November 2007 futures were at 5727, at a premium of 28.85 points as compared to spot closing of 5698.

Nifty November 2007 futures were at 5727, at a premium of 28.85 points as compared to spot closing of 5698.15.

Crude at lowest level in a week , see buying in IOC,HPCL,BPCL Prices drop by more than $3 as OPEC become serious on output increase


IT sector with weakening rupee only adding to the strength. Multiplexes are multiplying investors money ,Inox and Cinemax are dark horses at the current levels. Our other successful calls include Hindustan Motors and Ashok Leyland(December Futures and momentum call).

HOPE ALL ENJOYING ESCORTS,IDFC,GNFC,IFLEX,ASHOK LEY,

ALSO CLOSE WATCH ON YES BANK,HIND MOTORS,TATA MOTORS

SEBI probe on RPL
Stock Exchange (NSE) barred derivatives traders from taking fresh positions in RPL futures.
A senior official of the Securities and Exchange Board of India (Sebi), who did not wish to be named, confirmed that the capital market regulator has called for trading data from stock exchanges and is “looking into the matter”. “I can’t share with you any information at this point as this is confidential,” the official added. He said Sebi routinely looks into stocks that show unusual movements.
It is the stock market regulator’s job to investigate sharp and sudden movement in share prices, but such investigations, by themselves, do not imply any wrongdoing.

People taking a short position are essentially taking a negative view on the stock. For instance, a person who went short on a certain company when its shares were trading at Rs290 can wait till the settlement date, say 29 November, when its price is down to Rs190, and then buy the shares (since he has already sold it at Rs290, he makes a profit of Rs100 a share). Or, this person can wait for the share price to start going down and buy back an equivalent amount of shares as he has sold, squaring his position


ONLINE CALLS is only for our subscriber

Watch out for Mundra Port BUY

Opening is flat to down ,stay long abv 5718 sl 5698 tgt 5775-5800.sustain below 5695sell with SL 5715 tgt 5640-5600.Today, we expect a lower opening, in line with the trend across global markets. Intra-day gyrations may increase ahead of Thursday's F&O expiry. The broader trend is still not clear. Stick to your strong counters and lighten positions in trading counters, unless you know something, which many others don’t

Reports say SEBI has denied permission to Mundra Port to list in the F&O segment. Expect the stock to at least double on listing today. The offer price was fixed at Rs440 per share.

Midcap Stocks looking good for an upmove :

JHS Svendgaard, Gwalior Chemicals, IL&FS Investsmart(we repeat this stock as highly undervalued), SREI Infra, LT Overseas and Aegis Logistics.

With Rupee hitting one month low IT stocks are showing strength and we believe the sector to pull back to certain extent. The media pack is in the limelight from couple of days with Shringar Cinemas(Rumours of ADAG acquisition), Mukta Arts, Balaji Tele(rumours of stake sale to a PE firm), PVR Cinemas(huge expansion plans) and Cinemax being the front runners. Hexaware was battered yesterday after the company announced a suspected fraud in the company. Any further dips should be taken as a buying oppurtunity.
Surana Telecom(Rs.37.50) is reportedly doing great. Upside movement towards 50 level is expected in the short term

News in Focus
Bajaj Auto: ‘out-of-court settlement’
RPL: Chevron may sell stake
Walchandnagar I: declares 100% dividend
Sadbhav : bags Chhattisgarh projects
IVRCL Inf: bags Chhattisgarh project
Rain Calcining : merges with Rain Com

Buy Mundra Port

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Watch out R-pack

WE'RE CONTINUOUS ADVISING OUR CLIENT'S TO HOLD ALL THEIR LONG POSITION , NOW JUST SEE THE RESULT WITH YOUR OWN EYES, ON FRIDAY SENSEX SHOOT LIKE ANYTHING. ALSO EXPECTING POSITIVE TRADE IN TODAY'S TRADE

We were Bullish on Nifty since 5400 and today we can see +80 opening Sensex to cross 19200

Midcaps are back in the reckoning and so are the Index stocks. Going by the indications of last week's trading pattern this week is not going to be too easy for the traders with the F&O expiry coming up

Media stocks will take limelight

Rumours Mill started pushing reports of ADAG buy out of shringar cinemas, looks technically powerful.
In a controversial move Reliance Industries Ltd offloaded a 4% stake in Reliance Petro creating room for fresh positions in the F&O segment. Earlier Reliance Petro crashed 29% from its highs due to F&O curbs and Brokerage Sell calls.Market is puzzled with the news of RIL booking profit in RPL by selling its 4%
stake in the market. People have started taking very negative call on RIL and RPL,
remember most of the negative have already been factored into RPL after the recent
downgrading by CLSA (or UBS? i don't recall), and why should it be negative? RIL is still holding 70% in RPL! Its positive for RIL shareholders since RIL has infact booked profits in RPL and this amount would reflect in RIL balance sheet!

IFCI(Rs.89.75) is eyeing the century levels in the immediate future

Live calls for OUR SUBSCRIBER'S ONLY

IT n Steel Stock on radar

Yesterday we had mention our clients NF will slide to kiss 5470 and then will zooom to kiss 5600
Just see What happened ?

Above 5635 nifty will zoom to 5695

Banks like Sbi HDFC and ICICI joined hands with HPCL and BPCL in restricting Nifty from a big fall yesterday

Rain Clacining(RS.58.20) is headed for new highs due to amalgamation

Market: News for the day...
1. Siemens board approves 1:1 bonus issue, merger of Siemens Industrial Turbomachinery Services with itself
2. DCM Shriram promoters plans counter bid at above Rs 100 per share to keep HB Stockholding’s at bay. DCM Shriram ups warrant prices to Rs 90/sh from Rs 52/sh. DCM Shriram : CLB to announce its ruling on Monday on waarant issue to promoters; If decision goes against Promoters, & open Offer is sucessful HB stake to be higher than Promoters
3. Amtek Group Amtek India board meet on Dec 1 to consider issue of shares to promoters on preferential basis Ahmednagar Forgings board meet on Dec 1 to consider issue of shares / convertible warrants to promoters on preferential basis Amtek Auto board meet on Dec 1 to consider issue of shares / convertible warrants to promoters on preferential basis
4. LN Mittal plans to list ArcelorMittal on Indian bourses using India Depository Receipts
5. New listing: Barak Valley Cements, Bathi Bars, Allied Computers International
Ashnoor Textile to resume trading; base price Rs 6.60; circuit filter 5%
6. Kolte Patil Developers IPO subscribed 45.91 times
7. Kaushalya Infrastructure IPO closes today; subscribed 1.83 times till now
8. NTPC forms MoU with Uttar Pradesh Rajya Vidyut Utpadan Nigam to set up 2X660 MW coal based thermal power project
9. JK Lakshmi Cement comes out of corporate debt restructuring purview; replaces high cost debts of Rs 325 cr by cheaper funds
10. TCS says IT Spend Cut By BFSI Likely, But Outsourcing Will Not Be Hit
11. FDA admits Sun Pharma’s appeal for Glivec
12. George Soros picks up undisclosed stake in Future Capital from Och-Ziff Capital, which holds 10% stake
13. Burger King, Wendy’s in talks with DLF for Indian foray
14. Fortis, DLF to deal for setting up 15 hospitals
15. SRF Polymers open offer at Rs 180/sh
16. Jagson Airlines open offer at Rs 20.11/sh
17. Vishal Retail plans equity dilution to fund expansion
18. Prime Focus close to buying US post production firms
19. Siemens Q4:Net Profit Up 125.68% from Rs 136.75 cr to Rs 308.62 cr; Includes one time gain of Rs 52 cr. Revenues Up 46.68% from Rs 1491.98 cr to Rs 2188.4 cr. OPM at 15.6% vs 8.34%. FY07 EPS at Rs 41

FII Gross purchases Rs 3246 Cr, Gross sales Rs 5469 Cr, Net Sellers Rs 2222 Cr.
MF Gross Purchases Rs 640 Cr, Gross Sales Rs 792 Cr, Net Sellers Rs 151 Cr.



More details to our Subscribers

Recovery seen

Whether the Market will Go Up or Down, Now, These call is only for our subscribers

Close below 5481...watch freefall upto 5306 in panic.

Use the intial dips for a good intraday trade. Markets are unlikely to be beaten down today.We believe the sector is likely to see a big strength in the coming days though the Rupee negative is still a over hang.

Mudra LifeStyle(RS.80.05) is likely to catch fire soon. Keep an eye

Catch Polaris and start buying IT sector for 3 month

TO KNOW MORE PLS JOIN

Hike in STT

The markets are likely to open on a flat note
today. Traders are advised to trade long in the market in two
ranges of 5700-5800 and 5840-5900 levels. Close long
positions if Nifty fa ils to cross and sustain the crucial resistance
of 5840 levels.
Nifty December futures have
witnessed addition of 8 lakh shares in open interest on the back
of premium converting into a discount. On the options front put
options have witnessed fresh buying while call options have
witnessed fresh writing implying high caution prevailing at the
current levels

There are news abt Goverment going to hike STT in the market

Idfc looks strong buy

We have a moderately bullish view on IDBI. We recommend a Bull Call Spread strategy:
o Buy One IDBI Nov 170 CA @ 8.50 – 9.50
o Sell One IDBI Nov 180 CA @ 6.50 – 7.50
o BEP: 172
o Tgt: 180
o Investment: Rs.1,20,000 (Approx)

Parsvnath(RS.353.95) is undervalued. Value buying is expected soon. Watch for a target of 400

Reliance Buy 2720-2740 sl 2680 for target 2850-2855 3-4 Days
o Time Frame: 5-6 days

Online calls for Subscriber's Only

Close above 5800 be Positive

Whether the Market will Go Up or GO Down, Now, These Commentary is only for our subscribers

The markets are likely to open on a flat to negative note today
taking cues from the weak US markets. Traders are advised to
adopt buy at dips strategy until Nifty remains above 5800 levels.

Nifty December
futures has witnessed addition of 3 lakh shares in open interest
on the back of discount converting into a significant premium of
6.15 points. On the options front put options have witnessed
fresh writing implying limited downsides from the current levels.

Watch out for TTML,WWIL,Ashok Leyland in down market

Indian Markets are likely to take a bigger dip today but only the large caps will take the hit. Still there is some more steam in the cash stocks

RJ's Midday Multimedia(RS.52.85) is back in the limelight. Watch for speculative gains

We have a moderately bullish view on Power Grid. We recommend a Bull Call Spread strategy:
o Buy One Power Grid Nov 160 CA @ 9 – 10
o Sell One Power Grid Nov 170 CA @ 6.50 – 7.50
o BEP: 162.50
o Tgt: 170
o Investment: Rs.1,60,000 (Approx)
o Time Frame: 5-6 days

Have a great trading day

Positive opening

Nifty looks positive above 5760 cash

Market Buzz - Govt to increase 49% FDI in petroleum sector soon.

Watch out for Engineering India, STC INDIA,ELECTRO STEEL

Positive outlook - Banking Sector,Real Estate,Cement Counter

Bindal Agro(RS.58) is likely to eye 75 levels soon.

buy call on ashok leyland ,BUY AT RS 41 AD SELL AT rs 49 ,short term

More details to our Paid Subscribers

Pls be cautious !!!!!

The markets are likely to open on a weak note today taking cues from Asian indices
which are trading close to 2% lower. Traders are advised to
assume long position from lower supports of 5880 and 5840
levels for upside targets of 5900 and 5965 levels with a final
stop loss placed at 5800 levels.Watch for the later half of the trade and this we believe will be the last chance for Sensex to cross 20,000 in the coming days. This time if the Sensex might even see the level of 17,250.
The total market open interesthas crossed over Rs.1 lakh crores. On the option front Nifty5900 and 6000 call options have seen fresh writing while 5500
put option seen closure of short position indicating the market
likely to slip further in the near term

FII Gross purchases Rs 5113 Cr, Gross sales Rs 4161 Cr, Net Buyers Rs 952 Cr.
MF Gross Purchases Rs 1185 Cr, Gross Sales Rs 702 Cr, Net Buyers Rs 483 Cr

We recommend a Collar strategy:
o Buy One Hindalco Nov fut @ 213-215
o Buy One Hindalco Nov 210 PA @ 6.50-7.50
o Sell One Hindalco Nov 235 CA @ 5.50-6.50
o BEP: 215
o Investment: Rs.1,60,000 (Approx)
o Time Frame: 6-8 days

DLF Buy 940-945 sl 935 for target 978-980 1-2 Days

SREI Infrastructure(RS.200.30) stock is eyeing 300 levels.

Time for buying or exit ?? Only paid clients

Sensex for 20000

Technically speaking: Indices traded between a broad range of nearly 900 points. Sensex traded between an intra day high of 19,988 . Advances outnumbered declines in the ratio of 2:1. Volume for the day stood at Rs 8,796 cr. Markets close just below 20050 which could be a good resistance. As we have been talking recently for big moves in Midcaps and smallcaps, the markets still look good for buy on dips for midcaps and smallcaps. The major gainers for the day were on the Banking, metal, Power, reality and consumer goods sector. European indices continues to trade in green.

For today
The market is expected to open on flat to positive
note today, however profit booking from Nifty life time high at
6010 levels cannot be ruled out. Traders are advised to assume
long position if Nifty sustains above 5950 levels for upside
targets of 5975 and 6010 levels. Alternatively, long position can
be assumed from lower supports at 5900 and 5880 levels.

Failure to close above 20k this time will cause severe pain to the bulls and we put the chances at 60-40 in favour of bulls.

Navneet Publications(RS.93.65 ) will pick up pace from here on for a target of Rs.120
We have a moderately bullish view on NTPC. We recommend a Bull Call Spread strategy:
o Buy One NTPC Nov 280 CA @ 13-14
o Sell One NTPC Nov 300 CA @ 9-10
o BEP: 284
o Investment: Rs.1,20,000 (Approx)
o Time Frame: 5-6 day

IVRCL Buy 495-500 sl 488 for target 520-522 in 2-3 Days

Get BTST Trading calls ,just join Paid Seevice at Yahoo Messenger

Nifty to fly

As told Yesterday long nifty today one can see 5850+ ,Markets are likely to pare the intial gains but still close in the positive zone

Tech is the flavour of the day. Indian Markets as expected revered the trend yesterday and likely to open with a big gap today,

Buy IT Sector today looking good
Watch Out Icicibank ,Hdfcbank,Rcom,Sbi ........

BTST calls were Idbi,Rel, Nifty & many more.........

Dish Tv(rS.68.95) is still a value buy even at these levels. Watch for big moves towards the century mark

More details to our Online Subscribers

Watch out

Nifty opening is flat
Above 5630..........Bulls will take NF to 5670....crossover will take to 5719

In this rally it can zooom to kiss 5732-5766

Break and close below 5481 level will create allround Panic

For long term delivery
Garmin(NASD : GRMN), VMWare(NASD: VMW) which has the potential to double from these levels in one year.

Promoter is busy buying Bhagawati Banquets(Rs.63.90). Stock eyeing century mark

Biocion target above 680 levels within few days

More details to our Online Subscribers

Market ?????????

Stock market out look and over view



12th-Nov- 2007



Market down 1500 points time for buying or exit ??

Subscribe us or another big loss......to know more add sheth_jg@yahoo.com

Happy and a prosperous Diwali in advance to all our subscribers and investors

Market is likely to be choppy in the Muhurat session today with select stocks likely to move up.

Redington(Rs.350.45) is upgraded by a leading brokerage firm with a target of Rs.450. A definite diwali winner for the coming year

Buy Sesa Goa 12 days Buy for a target of 4000 and above

For 8th November 07

The market is expected to open on a negative note today following weak global cues;
traders are advised to assume long positions if Nifty manages to
hold above 5700 levels for immediate targets of 5780 and 5825
levels. Alternatively, short positions may be assumed below
5680 levels for targets of 5620 and 5550 levels . Crucial levels of
5700 on Nifty are to be observed closely for further direction.

On the options front no major activity was witnessed; Nifty 5800 call opti on has witnessed highest addition in open interest at 1.46 lakh shares.Nifty November futures added 5 lakh shares in open interest and premium of 15.75
points decreasing to a meager 0.05 points suggesting closure of
long positions in the index futures and fresh addition of shorts
from the highs

We recommend a Covered Put strategy:
o Sell One Satyam Nov Fut @ 438 - 442
o Sell One Satyam Nov 440 PA @ 24 - 28
o BEP: 466
o SL: 470
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days


Tata Motors Sell Below 710 sl 722 for 675-680 2-3 Days

Pharma appears safe for the day. Intraday volatility is not ruled out. Not a good day for trade. Dhanus Tech(Rs.218.95) is likely to fall further. Stay away.

Happy and a prosperous Diwali in advance to all our subscribers and investors.

For November 07

The market is expected to open on a flat to positive note today; traders are
advised to assume long positions if Nifty holds above 5800
levels for upside targets of 5840 and 588 0 levels. Alternatively,
they can assume long positions from lower supports at 5750
and 5720 levels with a final stop loss placed below 5700.

Indian Markets might not pull back into the positive zone and slowly drift towards 18500 levels

Reliance makes a 2nd gas find in Krishna basin
Crude is trading at a all time high and ready to touch the 100 mark

Ashco Industries(Rs.34.90) is likely to be a multibagger in the coming months. The company bagged big deals last month

A reputed brokerage house is seen accumlating Garware Offshore.Watch out for the big trigger

Sugar sector Looks for Sell
We have a Moderately Bullish view on SAIL. We recommend a Bull Call Spread s trategy:
o Buy One SAIL Nov 260 CA @ 14 - 15
o Sell One SAIL Nov 280 CA @ 9 - 10
o BEP: 265
o Tgt: 280
o Investment: Rs.2,60,000 (Approx)
o Time Frame: 7-8 days


STER Buy 980-990 sl 950 for target 1050-1055 2-3 Days

More details to our Online Subscribers

06th November'07

All Power stock will Blast

Recovery can be seen , 20,000 only should be considered as the sign of the Bull move. Technically we are likey to test 18.500 levels.
Watch Rcom, PUNJLLOYD

More details to our Online Subscribers

For 5th November 07

The market is expected to open on a flat to positive note
today; trades are advised to trade long if Nifty holds above 5940
levels for immediate targets of 5980 and 6010 levels with a stop
loss placed below 5900 levels. Alternatively, they can assume
long positions from the lower supports of 5880 and 5820 levels.

On the options front Nifty call options have witnessed
buying while put options seen fresh short build up indicating
further upsides in the market; Nifty 5500 put option has seen
highes t addition in open interest at 2.4 lakh shares on short
side.

As indicated in earlier reviews there is no reason for this rally except for few stocks like Reliance Petro(expensive at current prices) and Reliance Communications.

If fail to close above 20k then we would might see 18800 level in near term

Rcom is likely to touch 1020 ,as it is planning to enter into GSM which is a positive trigger

View on RPL. We recommend a Collar strategy:
o Buy One RPL Nov Fut @ 270-274
o Buy One RPL Nov 270 PA @ 18-20
o Sell One RPL Nov 290 CA @ 18-20
o BEP: 272
o Tgt: 290
o Investment: Rs.5,00,000 (Approx)
o Time Frame: 5-6 days

IDBI Buy 155-157 sl 150 for 165-167 2-3 Days
RCom Buy 777-782 sl 770 for 808-810 3-4 Days

Delivery
Buy HIMACHLFUT for three figures
Buy Nocil ltd for Rs 70

For 2nd November 07

NIFTY FUTURE : Yesterday as forecasted it kissed 6000 level & crashed !!!

Below 5690 will kiss 5585 but we do not see panic
Telecom spectrum proposal will be a blow to Bharti while Reliance Communications is likely to take a huge advantage of the same


BUY Aptech Today in PANIC it can slide to kiss 340-334

Reliance Petro(Rs.261.20) is looking is likely to dip to 230 levels. Technically looking weak


Buy IT sector looks good in dips

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For 1st November 07

Be Selective & Dont Trade Blindly

Fed in order to curb recession went for a 25 basis point cut but not before hinting there will not be further cut soon.

Nifty 6000 levels ??
Opening will open up,stay long abv 5955 sl 5912 tgt 5980-6050.

We expect the Sensex to breach and close above 20k today. Hold tight for windfall gains

AS mentioned Earlier Crude going for 100$ see now where is it

Global Funds started feeling the heat in china and there is a huge probability that these funds will rush to the Indian Markets. Power, Infrastructure,Fertilizers and Financial Services took the major pie of the rally.

Ongc to fire.......

Power Sector: Charged up


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For 31st October 07

Markets are likley to trade subdued today though volatility is not ruled out.

The breadth of the market ended negative at 403:738 suggesting profit booking
even in mid-cap stocks . Nifty November futures premium has
decreased to 15.30 points from 17.10 points and added 4 lakh
shares in open interest indicating fresh addition of long
positions in index futures. On the options front both call and put
options have seen writing suggesting the market to remain
within a range . Profit booking from the highs cannot be ignored
and with Fed meet scheduled for today evening;

Chennai Petro announced Q2 result :Net Profit Up 136.77% to Rs 230.26 Crores

There are expectations of a 25 basis point cut which we believe is not in the anvil. Forex hedging policy was liberated by RBI yesterday and this is indeed a blessing for all the IT companies and other exporters. Infosys is rumoured to announce billion dollar deals soon

We have a Range Bound view on Infosys . We recommend a Short Straddle strategy:
o Sell One Infosys Nov 1860 CA @ 72 - 74
o Sell One Infosys Nov 1860 PA @ 72 – 74
o UBEP: 2006
o LBEP: 1714
o SL: 190 (Total Premium)
o Investment: Rs.70,000 (Approx)
o Time Frame: 8-10 days
*UBEP: Upper break even point, LBEP: Lower break even point, SL: Stop Loss.


Reliance Buy 2755-2770 sl 2700 target 2900-2910 5-6 Days

For 30th October 07

Bias for market is Positive. High Volatility is expected on account of RBI policy meet.

Sensex target of 23,500 to 25,000 if we close above 20,000 today. We will bring in review of sector every day. Today we start with realty sector

We are long in Mtnl, Ongc, RPl,Rnrl

Today Levels for Members

Success is great ,but not without you

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For 29th October 07

Markets are likely to open with a bang and likely to consolidate as the day progress. We are extremely bullish only above 20k.

Nifty Nov futures discount of 33.80 points converts into a
premium of 10.15 points. Futures shed 9 lakh shares in
open interest.
Nifty 5 600 put and5900 call have added 4 and 3.3 lakh shares
in open interestrespectively. The market is expected to open on positive note
today; traders are advised to assume long positions if Nifty
holds 5700 levels for upside targets of 5740 and 5780 levels.
Alternatively, they can assume long positions from the lower
supports of 5670 and 5650 levels.


Fed meeting on tuesday and wednesday is likely to set the trend for the US markets. Markets are expecting a 25 basis point cut. We think this is unlikely

Results today : ABG Shipyard,Bank Of India,Gitanjali, First Source,Hanung, HDFC, Hinduja TMT, M&M,Voltas, Titan, Time Techno,Vishal Retail

We have a Cautious ly Bullish view on RPL. We recommend a Protective Put strategy:
o Buy One RPL Nov Fut @ 199 - 201
o Buy One RPL Nov 200 PA @ 9.50 – 10.50
o BEP: 210
o Investment: Rs.2,00,000 (Approx)
o Time Frame: 8-10 days

SBI Buy Above 2100 sl 2070 t1 2155, t22175 1-2 Days
WE are positive on IT sector too

Join to know more ..............

For 26th October 07

Nifty Intraday Levels – 26.10.2007
support - 5500 5450
Resistances 5610 5660

Theme for the day - Sbi ,Reliance, Ongc,L&t,Tata Steel

It sector looking good to buy now ...........

Results today : BEL, BEML, Educomp, GVK Power,ICSA, Jyoti Structures, Kotak Bank, L&T,Lanco Infra,Tulip IT

KRBL(Rs.89.30) witnessed insider buying recently. Govt decision to roll back export ban on superior quality non-basmati rice will only add to positives

Many of the analysts are of the opinion that markets have already discounted SEBI's ruling and sensex should take off from here.There is nothing negative in the policy and thats the biggest positive for the markets. We are of the same opinion about markets discounting the ruling but we are susceptible on the take off. Investors are adviced to wait on the sidelines as today is also the first day of next month's F&O series.

Crude on the other hand moved up above $90

Join to receive online call

SEBI chairman Mr M. Damodaran informed that 20 P-Note issuing proprietary sub-accounts have expressed intent to convert into FII status

Results today : Action Constructions,BHEL, BILT, Cairns India,Cummins India,Idea Cellular,Peninsula Land, Redington, UTV Software

Prime Securities(Rs.114.85) mentioned many times in this section will shoot up towards 150. Stake sale is likely

IT companies like Mindtree, Mastek, KPIT Cummins are outstanding taking the strong rupee into consideration

Nifty...........
Today for only members

R Pack is still good
IT sectors one can buy here
Ongc is charged after a fall so look out

For 24th October 07

With 2 days to go for the expiry investors are adviced to excersie caution with F&O stocks at highs. Markets are likely to open with a gap up but then might die down soon with an event risk on 25th

Opening is to up,stay long abv 5420 sl 5370 tgt 5600-5650.sustain below 5365,sell with SL 5420 tgt 5280-5150

Power & Steel Stocks

Tatasteel,Sail,Ntpc,Tatapower,.......

Watch out for Reliance, Reliance energy, Rel Cap........

Banks looks good

Market will realise the potential soon. Mindtree and GSFC delivered outstanding numbers yesterday after market hours.

Suzlon(announced stock split)Results today : 3I Infotech,DR.Reddy,ENIL,Lupin,Marico,Nitco Tiles,Opto Circuits,Union Bank,Vijaya Bank


Better join to get calls online

For 23rd October 07

Watch - icici bank, Hpcl,MTNL ,R.COM ,VSNL :

Opening is flat,to up,buy only abv 5175 sl 5150 tgt 5250-5345.sustain below 5170,sell with SL 5185 tgt 5080-5000

Global Frieght costs(positive for Shipping stocks) have hit record high resulting in steep increase in Iron Ore,Coal and other commodity prices.

Tata tele applies for GSM services

Triveni, GE JV to make compressors. Long term positive for Triveni

MTNL(Rs.176.20) is likely to get re-rated soon. Target of 250 on cards.
Our subscribers might be holding the stock.

For 22nd October 07

Watch Bloodbath on Street !! BLACK MONDAY

Watch for 4850 & 16500

Just Sell Sell n Sell

Buy IT sector on dips

Rcom going 800 buy on dip

Except recovery later to some extent

just join us at Yahoo Messenger and get paid calls

For 19th October 07

Technically Looking very weak , Time Cycle indicates ..BloodBath !!!! if 5100 breaks....will take to 4850 level.


---Ready for FREEEEEEFALL-----
Airline stock.....

Midcaps to race ahead. Large caps to pause

Technology stocks are likely to be strong. As mentioned number of times in this section IT stocks will witness multi-million dollar deals. TCS bagged $1.2 billion deal from from Nielsen. Satyam is the dark horse in the IT sector.
Buy IT STOCK WIPRO , SATYAM ......

We have a volatile view on RPL. We recommend Long Strangle strategy:
o Buy One RPL Oct 180 CA @ 5.00 – 6.00
o Buy One RPL Oct 170 PA @ 4.00 – 5 .00
o UBEP: 190
o LBEP: 160
o SL: 6 (Total Premium)
o Investment: Rs.33,500 (Approx)

WWIL(Rs.38.75) is likely to move up further on the news of 74% FDI in cable.

Exit from Reliance on high opening today

Crude going to touch 90 soon
Bad for Auto , Avaition Sector Sell them on rise
Banks look weak in coming days

More details to our Subscribers +Yahoo Messenger Traders

For 18th October 07

Opening is flat ,to up,remain long abv 5475 sl 5455 tgt 5750-5900.sustain below 5470,sell with SL 5498 tgt 5220-5120

We are not convinced by the pull back yesterday. Though we were negative on markets we never gave a short call. We strictly advise investors to avoid F&O segment for some time. Our Futures calls are relatively safer. Markets are likely to consolidate before the dip. Midcaps will outshine the large caps. Reliance Industries will declare the results today. Expectations of a stock split are running high.

Jai Corp(Rs.1,187.15) promoters are seen selling the stake. Stay away

Buy Hpcl , satyam, Tatapower

Yesterday said Don't Sell single share of RIL ...and in morning itself told to buy @ 2550 ,2640 level.....and now @ 2710.....hold and sell tomorow @ 2900 level !!


No Bonus -No Split......just Reliance will give 1:1 share of RGTIL company to share holers of RIL !!!

BLOOD PATH TODAY


Last week we mention abt FII going to remove money this week and see what will happen now
Yes ,Will slide to kiss 5540-5497 & there after expect free
fall to 5366 ,5323

Dollar to cross 40 mark which is good for IT Sector BUY them



Indian markets will continue to shine but only over a period of time. There might be a big rush to unwind positions in derivatives segment. We were extremely cautious and we are not supporting this bull ride beyond 17,000 and we suspected a price rigging in majority of the derivative stocks especially Reliance group stocks. SEBI should relax the norms for FII registration in the coming days to attract the new FII's again. Though the measures appear stringent we believe that it would protect the common investors from the Hedge Funds and FII's. Recently many Hedge funds took the route of the PNs for getting into the country. We need to see the intensity of the outflow now. It is definitely beyond our imagination. We definitely saw a bubble forming and this intervention will cool off things for better future. We expected a CRR rise but government is smart and swift to intiate action immediately.

Reliance Energy(1,904.40) has run up considerably above expectations. Watch for big dips


They will only save Indian Mkts,So in panic Buy whole R-Group stock

Reliance Industries
Buy This Stock in PANIC

Today support @ 2623,2594
(Buy around 2520 level & sell @ Rs.2850 very soon)

Market View – 16October 07

Liquidity and Euphoria driving bulls crazy

Look out For Sbi Icici Yes Bank.....
Bank Sector

Nifty opened on a strong note yesterday in spite of weak closing
on Friday’s trade. Nifty surged by 242 points, the highest ever
gain in a single trading session. The index closed almost at
day’s high after testing its life time high of 5682 levels. The
breadth of the market remained positive suggesting buying in
mid -cap and small-cap stocks as well. Nifty Oct futures have
seen closure of short positions while, Nov futures have
witnessed fresh build up of long positi ons. Nifty Nov futures
have added 13 lakh shares addition in open interest along with
the increase in premium to 17.55 points from 12.15 points. On
the options front Nifty Call options have seen closure of
positions while put options have seen fresh accumulation of
long positions indicating market to remain highly volatile in the
near term. The market is expected to open on a flat to positive
note today; traders are advised to assume long positions if Nifty
holds above 5650 levels for upside targets of 5710 and 5780
levels. Alternatively they m ay assume long positions from lower
supports of 5600 and 5560 levels with a final stop loss placed at
5450 levels.


Look out for PUNJLLOYD And TCS for upside

Mudra Lifestyle(Rs.83.55) is likely to hit a century on expectation of good Q2 numbers.


We have a moderately bullish view on SBI. We recommend Bull Call Spread strategy:
o Buy One SBI Oct 1980 CA @ 56.00-58.00
o Sell One SBI Oct 2040 CA @ 42.00-44.00
o BEP: 1994
o Tgt: 2040
o Investment: Rs.95,000 (Approx)
o Time Frame: 5-6 days


IDBI Buy 146-149 sl 142.05 for target 163-165 5-6 Days

फ़ॉर १५ ओक्त 2007

Opening is flat ,to down,buy abv 5455 sl 5435 tgt 5520-5610.sustain below 5450,sell with SL 5475 tgt 5400-5370.
Plz keep an eagle eye in coming days,anytime selling can disturb this tempo ॥stay alert, but very optimistic in downside,just wait for one more day

Market opened flat and remained under pressure from higher side due to profit booking and also due to short selling in some heavy weights from higher side।this selling is not a good indication for this rally as market couldn’t sustain in the higher side whenever it tried to go up।in coming days market is seems to be poised and hence a cautions is advisable।Keep exiting in every pull back as of now and keep cash in hand to buy in panic again.



REL.COMM : Major Hurdle 733.......if crosses with volumes will create allround buying and will take to 745 level.
Support exit at 710.....once breaks this level it will crash to kiss 699 level।



We have a moderately bullish view on Rcom. We recommend Bull Call Spread strategy:
o Buy One Rcom Oct 720 CA @ 42.00-44.00
o Sell One Rcom Oct 760 CA @ 32.00-34.00
o BEP: 730
o Tgt: 760
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days
*BEP- Breakeven Point, Tgt- Target.