LOTS OF OTHER INTRADAY,BTST,INVESTMENT CALLS
FOR OUR SUBSCRIBER'S ONLY
TO KNOW MORE ADD ON MESSENGER OR MAIL - sheth_jg@yahoo.com
The market is expected to be positive.
On the upside market faces a resistance at 5250 - 5280 break of which can take us to 5355 - 5400 zone.
In the past few trades we have seen the zone between 5355 - 5400 acting as a stiff resistance, the market unable to break this resulting in a reversal
If by any chance which seems to be difficult for today trades we happen to break this 5400 mark, or atleast a close between 5355 and 5400 zone will give me some sign of bullishness.
After 5400 we can enjoy the nifty ride upto 5540.
On the downside the immediate support I see at 5110 break of which can take us to 5025.
5025 - 5000 should be saved else we can see another round of bearishness which will take us to minimum 4833.
Indian markets are likely to open stronger on account excellent cues across the globe. This is a new series and new positions will be built and accordingly market will swing to the market players and not on fundamentals. We suggest investors to forget F&O and concentrate on mouth watering fundamental stocks. We strongly believe that fundamentals will win over period of time.
Volumes are very low in all segments and many of the investors are waiting for the bottom/consolidation. We do not believe in bottoms and that is exactly what we have done. We nearly invested 50% of the one million real time portfolio in the last 10 days and continue to do so.
Pick No 1 - Buy Yes Bank - Currently this stock is trading at 252.70. It looks good in charts, will initiate a buy call around 251 - 254 keeping a stop loss below 245. Final target and final stop loss only to clients. The clients will be given target and stop loss information through SMS
Pick No 2 - Buy HT media - Looks good. Currently trading at 199.6 in BSE would initiate a buy call keeping a stop loss at 192. Final target and final stop loss only to clients. The client will be informed about the target and stop loss through SMS
Indian markets are decoupled from the US market but only when the US markets go up and not when they were beaten down. We blame the F&O, the major culprit for investor/trader losses in the last fortnight. There is a large scale foul play in the market, though we do not have substatial evidence, the way things were unwrapped makes us believe the same
Air Deccan, Tata Chemicals, Jaypee, Taj GVK, HDFC, Jet Airways are the stocks in news today
Kingfisher-Deccan merger approved for a 7:3 swap
Jet Airways in talks with Lufthansa to offload stake in its cargo division.
JP Associates is likely to bid for Greater Noida airport
TAJ GVK is likely to build 5-star hotels in Punjab, Haryana
HDFC cuts home loan rates 25 bps
Tata Chemicals announced a huge acquisition worth USD one billion
FIIs were net sellers of Rs39.38bn (provisional) in the cash segment on Thursday. On the other hand, Domestic Institutions were net buyers of Rs21.6bn. In the F&O segment, foreign funds were net buyers of Rs1.28bn.
FIIs were net sellers of Rs6.11bn in the cash segment on Wednesday, taking their net outflows over the past 11 days to over US$4bn. Mutual Funds were net buyers of Rs4.16bn on the same day.
News Snippets:
Emaar MGF lowers price band of its IPO.
Unitech in talks with two foreign telecom companies for mobile services.
Future Capital’s logistics fund slated for launch in March 2008.
Videocon Industries is venturing into business of building and operating ports; bids for container terminal at Kerala port.
IOC may get lower stake in Turkey refinery.
Punjab government appoints Power Finance Corporation to help bid out a 2,000MW project using ultra mega power project model.
GSK Consumer Healthcare plans to launch some of its global brands in India.
VSNL to start Wimax in 12 cities in 2009.
Puravankara plans to invest Rs10bn for setting up 4-5 hotels.
GMR Industries plans to raise Rs2.5bn through rights issue.
ONGC may give up two CBM blocks in the western region.
Lufthansa in talks with Jet Airways and Quikjet for cargo operations.
Maruti Suzuki to increase price of all models by up to Rs12,000 wef February 2008.
Rajesh Exports bags Rs4,630mn export order of gold jewellery from Excel Goldsmiths.
JSW Steel and Chilean form JV to develop iron ore mines in South America including Chile.
Cairn sees 25% more oil output from Mangala field in Rajasthan.
Bajaj Auto to use its reserves to fund aggressive expansion and diversification plans.
Dabur Pharma secured approval from the Drug Controller General of India (DCGI) for its anti cancer drug Nanoxel.
TCS’ UK subsidiary Diligenta wins US$200mn order from Sun Life Financials, Canada.
SBI plans to add 500,000 Point of sale (POS) terminals in country in three years.
PNB launches a full fledged banking branch in Hong Kong.
Madras Cement approved proposal of buy back its own shares with a maximum price of Rs4,200 a share.
SAIL, Manganese Ores India Ltd (MOIL) to set up Ferro Alloy project in Bhilai in Chattisgrah.
Economic Front Page
Railways to issue Rs250bn tender for buying 1,000 electric locomotives over eight years.
Sebi allows foreign funds to buy more debt.
Government defers fuel price hike decision again.
ATF prices decline, however airlines plan no rate cuts.
Lenders of securities under short selling to be exempted from STT.
Short selling could begin in the first week of February.
SEBI raises FII investment in government securities from US$2.6bn to US$3.2bn.
Finance Minister revises estimates to 9% growth rate this fiscal year.
Fertilizer subsidy may be restructured to maintain fiscal prudent.
RBI asks banks to adopt novel model in future to assess the credit risk