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.