Id - sheth_jg@yahoo.com
We also advice you to be cautious as there will be settlement issue
As long as Nifty stay above the level 5330 its first support we remain highly bullish.On the upside Nifty faces a first resistance 5560 and crossover this can take to 5650
On the downside the first and immediate support Nifty finds between 5300 - 5325 break of which can create panic and we test the level of 5110 which is hard for the nifty to break in today trade.
Our view.. we are bullish as long as Nifty trades above 5330 for short term... for a target only for clients
US recession, if any is likely to hit chinese markets more than Indian markets as the later is more dependant on US exports. Two key events to ponder on in the coming week are
1. RBI meet on 29 Jan to decide on the credit policy. Though market players expect a 25 basis point cut, the stock market is unlikely to go down in case of no change. We expect a 25 basis point cut is on the cards due to the widening rate gap between India and US.
2. Fed meeting on 30 Jan will dictate the global financial market direction. Majority sections of the market are expecting a 25 basis point cut while the rest, a 50 basis point cut.
Stock in News
Gayatri Projects Ltd has set up a new holding company — Gayatri Infra Ventures Ltd (GIVL) by combining all its build-operate-transfer projects. The company is looking at diluting 50% equity in the new company. Discussions are ongoing with few Private Equity players to offload the stake at a good valuation. The stock closed at Rs 530 on Friday.
Dr Reddy's Laboratories Ltd posted an unexpected net loss for the December quarter as it wrote off $60 million of costs for its underperforming German unit (Beta Pharm)and saw revenues decline.The company hopes to perform better in the fiscal year beginning in April on improved sales of generics in India and Russia, and on a turnaround in its German business.
Growth in the next fiscal should be helped by the launch of a generic version of GlaxoSmithKline's Imitrex tablets in the United States in the December quarter. The company reported a consolidated net loss of 847 million rupees for its fiscal third quarter compared to a net profit of 1.88 billion a year ago.
Tata Group firm Voltas is looking at inorganic route to grow and plans to acquire new businesses in electro-mechanical and services space.The electro-mechanical projects and services business presently contributes around 55-60 per cent to the company’s total revenues.
News Snippets:
Reliance Industries is all set to enter into building an engineering, procurement and construction services (EPC).
Seven promoters of Reliance Energy including Anil Ambani have raised their stake in the company by 2.37% to 35.66%.
ONGC to hire a deepwater rig for 2.3 meter water depth.
Punjab National Bank plans to raise Rs15bn before end-March to fund business growth.(BL)
Kingfisher Airlines to buy around 40 Airbus planes in a deal worth about 5bn Euros
CERC has adopted the Rs2.33296 per unit tariff quoted by Reliance Power for the 4,000MW Krishnapatnam power project in AP.
The Chhattisgarh Govt has cancelled the contract awarded to CMEC and has awarded the same to BHEL for a 600MW thermal power plant in Korba district.
Dr Reddy’s and US based Mylan are among six generic-drug makers to be sued by Forest Labs and Merz Pharma to block sales of lower-cost copies of the Namenda Alzheimer’s treatment
Reliance Industries plans to invest in the petrochemical sector of Poland
SBI has received the US central bank’s approval to set up a new branch in New York.
Standard Chartered Bank is in talks with at least two leading Indian groups to sell its mutual fund business
Welspun Gujarat is in talks to acquire Remi Metals Gujarat
Nicholas Piramal India has signed a research agreement with France’s Pierre Fabre Laboratories
GMR Infrastructure has bagged a 300-MW hydropower projects in Nepal
HDFC Bank will set up over 250 new branches in next 2-3 months
GSPC Pipavav Power Co has signed a Rs20bn loan agreement with Rural Electrification Corporation
Jet Airways may invest US$8-10mn in its cargo airline by June 2008
ICICI Venture will partner with the Indian Express Group for its Express Towers property
Tata Motors is planning to provide loans for the Nano either through Tata Motors Finance (TMFL), a wholly owned subsidiary, or existing financing channels
ICICI Securities aims to raise up to US$1bn through a pre-IPO placement of shares
PTC plans US$1bn fund to acquire coal mines
ADAG firm signs US$100mn gaming deal with exclusive for three-years with Manchester United Football Club
Voltas is planning for acquisitions in its electro-mechanical projects and services business with a view to accelerate growth
Ultratech Cement has decided to acquire the 0.5mn ton Kankesanthurai cement plant in Jaffna that has been closed for more than 17 years.
Bhushan Steel Limited, which is setting up a 1.5mn ton steel plant at Meramundali in Dhenknal district, has closed down two of its four sponge iron making kilns following public agitation over pollution
Bharati Shipyard Limited is focusing on building rigs with its plans to construct Rs6bn greenfield shipyard at Usagaon in Maharashtra
IFCI has put on sale the Goa and Thane units of Vishawa Steels to recover debt
Aditya Birla Group is picking up 5% stake in Core Projects & Technologies, for Rs135m
Shipping Corp to partner PSUs in manufacturing ship engines
HCC plans to partner with European companies in the engineering and design space as part of its plans to transform itself from a construction company to an integrated infrastructure player
BPL is exploring fund raising options to start services in 22 circles in the next two years
Private equity firm Red Fort Capital plans to invest about Rs27bn in real estate by 2009, including acquisition of 2,500 acres of land in over 20 cities across the country
Lupin is planning to acquire a mid-sized branded formulation company in the US
Philip Morris International is in talks with Godfrey Philips India(GPI) to manufacture and market marquee cigarette brand Marlboro through GPI’s facility
Tata group plans to buy a stake in a high-tech unit of Germany’s Deutsche Telekom
GMR Infrastructure will bid for the modernization of Prague airport in Czech.(ET)
Jagson Airlines will start operations as a scheduled regional carrier in about three months
HCL Technologies has signed a MoU with four colleges in Bangalore, as part of its Campus to Corporate career development programme to develop the next generation of corporate community
Alembic to foray into US and European markets
NY based hedge fund BlackRock Inc has acquired the 40% stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers
Dutch brewer Heineken is set to buy UK-based Scottish & Newcastle’s (S&N) 37.49% stake in Vijay Mallya’s United Breweries.
Essar Steel to build a jetty at Hazira as its existing port facilities are unable to handle expansion pressure.
Volvo is taking a plunge into the used-truck market, similar to its competitors Tata Motors and Ashok Leyland.
Cipla to consider launching generic Tenofovir Disoproxil Fumarate, an HIV/AIDS drug, if Gilead Sciences does not challenge the decision to overturn its patent on the drug.
JSW group is close to roping in foreign partners for its Rs20bn plate mill project and Rs16bn shipyard at Ratnagiri in Maharashtra.
JSW group is planning to build a deep sea port in West Bengal.
Economic News
Gross tax revenue collections are likely to surpass the Rs6,000bn mark in 2007-08.
The government will discuss the 5,000-hectare restriction on building multi-product SEZs at the eGoM meeting, scheduled for Feb 4.
The proposed fourth commodity exchange, planned by Indiabulls and MMTC, may start functioning by November.
Sugar export may increase up to 3mn tons in 2007-08, according to National Federation of Cooperative Sugar.
RBI has asked NBFCs to obtain its prior approval for setting up subsidiaries, joint ventures and representative offices abroad.
Insurance companies will be allowed to invest in bonds floated by developers of SEZs, with IRDA giving its nod to broaden the definition of infrastructure.
The Government’s draft on gas allocation policy will be ready in the next couple of weeks.
21 oil and gas operators including BP, ENI, BG, Cairn, RIL and ONGC have decided to form a joint pool of scarce equipment and services to save cost.
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Monday, January 28, 2008
Friday, January 25, 2008
AVOID AVERAGING YOUR POSITIONS-JUST SAVE WHAT U HAVE ALREADY
Live calls during market hour are only given to client
HOT Picks - RAJESH EXPORT : Our Target Intact : 1250
On the down side I see a good support at 4860 and 4741. Market not expected to go below this. If it all happened that market happens to break 4741 by any reason then panic selling is expected to emerge which will straight away drag down the market to 4485
On the upper side I see a minor resistance at 5056 then 5125, then 5256 and then a good resistance at 5355. If we happen to break this resistance then we will straight up movement to 5550 and then 5650
Today market looks in uptrend but every rise will be accompanied by selling. I will have a strong watch on Nifty future, it is showing some signal of improvement. Total strategy only for clients
Indian markets are likely to pull back strongly with momentum stocks taking the front seat.
Pick No 1- Sell Akruti Nirman (bse code 532799) - Currently trading at 1165.7 in BSE. We would give a sell signal at this level taking stop loss 1200. Below 1153 it is expected to show down momentum. Final target and final stop loss only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 2 - Buy Lic Housing (bse code 500253) - Looks good at this level. Currently trading at 298 in BSE Ideal stop loss would be below 292... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 3 - Buy Remsons India (bse code 530919) - Looks good at this level. Currently trading at 35 in BSE, Ideal stop loss would be below 33.5... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
PNB, Patni computers and Vishal Retail are the stocks in the news today
Punjab National Bank is planning an IPO of the wholly owned subsidiary PNB Housing Finance Ltd in the coming months to help fund its business growth.The decision is expected to be taken within the next 6 months.PNB Housing needs more capital to scale up its operations and that the bank does not want to infuse more capital in the subsidiary.So they have decided to go through the equity route
Patni Computer Systems Ltd said on Thursday its board will consider a share buyback at a meeting on Feb. 5 and Feb. 6. The stock closed at 232 on Thursday.
Vishal Retail Ltd which became public in June 2007, reported a third quarter net profit of Rs15 crore on better margins and increased sales.The company, which opened 27 new stores in the October-December quarte. The company has 82 supermarkets and specialty stores in more than 50 cities
HOT Picks - RAJESH EXPORT : Our Target Intact : 1250
On the down side I see a good support at 4860 and 4741. Market not expected to go below this. If it all happened that market happens to break 4741 by any reason then panic selling is expected to emerge which will straight away drag down the market to 4485
On the upper side I see a minor resistance at 5056 then 5125, then 5256 and then a good resistance at 5355. If we happen to break this resistance then we will straight up movement to 5550 and then 5650
Today market looks in uptrend but every rise will be accompanied by selling. I will have a strong watch on Nifty future, it is showing some signal of improvement. Total strategy only for clients
Indian markets are likely to pull back strongly with momentum stocks taking the front seat.
Pick No 1- Sell Akruti Nirman (bse code 532799) - Currently trading at 1165.7 in BSE. We would give a sell signal at this level taking stop loss 1200. Below 1153 it is expected to show down momentum. Final target and final stop loss only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 2 - Buy Lic Housing (bse code 500253) - Looks good at this level. Currently trading at 298 in BSE Ideal stop loss would be below 292... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 3 - Buy Remsons India (bse code 530919) - Looks good at this level. Currently trading at 35 in BSE, Ideal stop loss would be below 33.5... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
PNB, Patni computers and Vishal Retail are the stocks in the news today
Punjab National Bank is planning an IPO of the wholly owned subsidiary PNB Housing Finance Ltd in the coming months to help fund its business growth.The decision is expected to be taken within the next 6 months.PNB Housing needs more capital to scale up its operations and that the bank does not want to infuse more capital in the subsidiary.So they have decided to go through the equity route
Patni Computer Systems Ltd said on Thursday its board will consider a share buyback at a meeting on Feb. 5 and Feb. 6. The stock closed at 232 on Thursday.
Vishal Retail Ltd which became public in June 2007, reported a third quarter net profit of Rs15 crore on better margins and increased sales.The company, which opened 27 new stores in the October-December quarte. The company has 82 supermarkets and specialty stores in more than 50 cities
Thursday, January 24, 2008
Subscribe to GAIN MONEY
Live calls during market hour are only given to client, add sheth_jg@yahoo.com
On upper side immediate resistance is faced at 5280 and 5330 break of which can take us to 5413.
On downside good support is seen at 5115 and then 4963. The Nifty should save this level.
Our view Nifty should play between 5115 - 5280,and will also look at 5115 and 5280 level. Any reversal or break out from these should be considered an opportunity.
Keep eyes on - RNRL, Union Bank, Reliance energy
Deccan Aviation and Kingfisher Airlines together plan to mop up RS 250 million from the equity markets to fund expansion. The UB Group owns 50 per cent stake in Deccan Aviation wants to raise the funds as soon as possible. One might expect the stock to fly today. the stock closed at rs 184 on Wednesday.
IndoAsian Fusegear Ltd is looking out for foreign acquistions to expand in the switch gear market. The company is in advanced talks with two German firms for a consideration of Rs 100 crores. The firm plans to raise capital via FCCB route and preferential issue to promoters.
Varun Shipping is betting big on the shipping Industry by mulling an expansion plan. It plans to spend close to half a billion dollars on acquiring new fleet for Offshore operations. It is worth noting that the company is planning its foray in to rig operations, which is a high margin business. the stock closed up 15% at Rs 76.50 yesterday
Pick No 1- Buy emami ltd (bse code 531162) - Currently trading at 265.5 in BSE. We would give a buy signal at this level anywhere between 264 - 267. Ideal stop loss should be taken 261.. risky trader can take stop loss at 258. Final target and final stop loss only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly
Pick No 2 - Buy Godrej Consumer (bse code 532424) - Looks good at this level. Currently trading at 113.90. Ideal stop loss would be below 107. Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly
On upper side immediate resistance is faced at 5280 and 5330 break of which can take us to 5413.
On downside good support is seen at 5115 and then 4963. The Nifty should save this level.
Our view Nifty should play between 5115 - 5280,and will also look at 5115 and 5280 level. Any reversal or break out from these should be considered an opportunity.
Keep eyes on - RNRL, Union Bank, Reliance energy
Deccan Aviation and Kingfisher Airlines together plan to mop up RS 250 million from the equity markets to fund expansion. The UB Group owns 50 per cent stake in Deccan Aviation wants to raise the funds as soon as possible. One might expect the stock to fly today. the stock closed at rs 184 on Wednesday.
IndoAsian Fusegear Ltd is looking out for foreign acquistions to expand in the switch gear market. The company is in advanced talks with two German firms for a consideration of Rs 100 crores. The firm plans to raise capital via FCCB route and preferential issue to promoters.
Varun Shipping is betting big on the shipping Industry by mulling an expansion plan. It plans to spend close to half a billion dollars on acquiring new fleet for Offshore operations. It is worth noting that the company is planning its foray in to rig operations, which is a high margin business. the stock closed up 15% at Rs 76.50 yesterday
Pick No 1- Buy emami ltd (bse code 531162) - Currently trading at 265.5 in BSE. We would give a buy signal at this level anywhere between 264 - 267. Ideal stop loss should be taken 261.. risky trader can take stop loss at 258. Final target and final stop loss only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly
Pick No 2 - Buy Godrej Consumer (bse code 532424) - Looks good at this level. Currently trading at 113.90. Ideal stop loss would be below 107. Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly
Wednesday, January 23, 2008
Subscribe to know more ..........
Our id - sheth_jg@yahoo.com
There is no effect in US markets in spite of cut in interest rate by .75% by Federal Reserve to improve the US economy and DOW , NASDAQ closed down by -128.11,-47.75 respectively. However the position of the Asian market and Aus market seem to be good as they have recovered and running in positively. Due to these reason Indian markets are looking to give recovery today but that shall be an instant recovery only. The reason behind this is that this recovery shall be an artificial recovery. Today there may be opening of Bombay sensitive index by +400 pts and may recover to the extent of 750 pts to 1000 pts. Technically the first resistance for sensitive index shall be 17,420.00
These stocks might look for a rebound
Oswal chemicals, Wire & Wireless, Chambal Fert Nagarjuna Fert, Bongaigaon Ref, RNRL and Ispat Industries are the stocks looking desparately for a rebound after having their head cut off in the past three sessions.
When RBI meets next tuesday to discuss the monetary policy Mr.Y V Reddy, RBI governor will be under tremendous pressure to cut rates given the worst conditions prevailing. Also there is a urgent need to fill the gap in interest rates between US and India, created by Mr.Bernake's 75 basis point cut yesterday.
The bigger the gap, the quicker will be the inflows resulting in more liquidity and a stronger rupee which in turn puts the Indian Central bank in a fix. Canada Reserve Bank take a cue from their neighbours announced a 25 basis point cut.
Investment Picks GMR Infrastructure,RPL,Sterlite Industries,Axis Bank,L&T
News Snippets:
SBI group's consolidation is likely to be delayed.
L&T may form a JV with US arms major Lockheed Martin to develop Mark 41 Vertical Launching Systems in India.
NTPC and Gail might have to pump in more money into the Dabhol power project.
Tata Motors has signed a development contract with Chrysler’s electric vehicle unit to develop and market an electric version of the Ace in the US.
Tata Power, GMR Energy and GVK Power are eyeing New Delhi's ’s Rs1.75bn first waste-to-energy project.
An Empowered Committee of Secretaries has allowed ONGC Videsh to acquire stake in Venezuela’s San Cristobal oilfield.
NTPC is looking to invest Rs17bn in a Jharkhand coal mine.
GAIL and Engineers India have jointly submitted an EoI to Oman Gas Company for setting up a gas processing plant in Oman.
United Spirits has launched Dalmore and Jura from its Whyte & Mackay portfolio along with W&M blended scotches.
Piaggio is planning to increase production and launch new scooters in India.
Sobha Developers is planning to develop a 156-unit luxury residential project in North Bangalore.
Infosys and Wipro may bid for specific verticals of Capgemini.
Supreme Court has rejected a petition seeking stay on construction of DLF Cyber city in Gurgaon.
Arvind Mills is planning to invest Rs4bn to expand its retail business in four years.
GHCL is planning to demerge its business into three listed entities.
Jet Airways is to set up a Maintenance Repair and Overhaul facility and a flight catering facility.
Aegis Logistics intends to set up 70 outlets of Auto Gas LPG in Andhra Pradesh.
Delay on the part of Essar Oilfield Services in deploying a semi-submersible rig has affected GSPC’s exploration plan in its deepwater K-G Basin block.
IOC is setting up an LPG import facility at the land allotted to it by Cochin Port Trust at an investment of Rs1.7bn.
SIDBI has reduced its prime lending rate by 0.5% and its deposit rates by 0.25%.
Tanishq, the jewellery division of Titan Industries is embarking on a retail expansion with an aim to increase sales by 50% to Rs30bn in FY09.
A consortium comprising Reliance Energy and Spanish firm CAF has bagged the project to operate and manage a 22.7 km metro rail link between New Delhi city centre and international airport for 30 years.
Huawei Tech, Telefon AB LM Ericsson and Nokia Siemens Networks are pursuing a supply contract worth ~US$4.8bn with Tata Tele.
Apollo Tyres expects revenues of US$350mn from Hungarian unit in the second year of operations.
HDFC Bank is looking to foray into investment banking in the next 3-4 months.
PNB may quit JVs with Principal Financial Group in the asset management and insurance broking businesses.
India added 8.17mn new telecom subscribers in December, taking overall telecom density to 23.89%.
The RBI has temporarily allowed banks to increase their ceilings on capital market exposures.
The Government is planning a Rs70bn package to revive the irrigation sector.
The Government is planning to relax few ECB norms for Ultra Mega Power projects.
Freight rates for bulk commodities like coal and iron ore could go down by 3-5% in the forthcoming railway budget.
Indian Railways has managed to negotiate a discount of Rs150 per kilolitre of HSD from oil marketing firms for 2008.
The EGoM on SEZs will discuss a finance ministry proposal on February 4, to impose export obligation in excess of 50% on such zones.
There is no effect in US markets in spite of cut in interest rate by .75% by Federal Reserve to improve the US economy and DOW , NASDAQ closed down by -128.11,-47.75 respectively. However the position of the Asian market and Aus market seem to be good as they have recovered and running in positively. Due to these reason Indian markets are looking to give recovery today but that shall be an instant recovery only. The reason behind this is that this recovery shall be an artificial recovery. Today there may be opening of Bombay sensitive index by +400 pts and may recover to the extent of 750 pts to 1000 pts. Technically the first resistance for sensitive index shall be 17,420.00
These stocks might look for a rebound
Oswal chemicals, Wire & Wireless, Chambal Fert Nagarjuna Fert, Bongaigaon Ref, RNRL and Ispat Industries are the stocks looking desparately for a rebound after having their head cut off in the past three sessions.
When RBI meets next tuesday to discuss the monetary policy Mr.Y V Reddy, RBI governor will be under tremendous pressure to cut rates given the worst conditions prevailing. Also there is a urgent need to fill the gap in interest rates between US and India, created by Mr.Bernake's 75 basis point cut yesterday.
The bigger the gap, the quicker will be the inflows resulting in more liquidity and a stronger rupee which in turn puts the Indian Central bank in a fix. Canada Reserve Bank take a cue from their neighbours announced a 25 basis point cut.
Investment Picks GMR Infrastructure,RPL,Sterlite Industries,Axis Bank,L&T
News Snippets:
SBI group's consolidation is likely to be delayed.
L&T may form a JV with US arms major Lockheed Martin to develop Mark 41 Vertical Launching Systems in India.
NTPC and Gail might have to pump in more money into the Dabhol power project.
Tata Motors has signed a development contract with Chrysler’s electric vehicle unit to develop and market an electric version of the Ace in the US.
Tata Power, GMR Energy and GVK Power are eyeing New Delhi's ’s Rs1.75bn first waste-to-energy project.
An Empowered Committee of Secretaries has allowed ONGC Videsh to acquire stake in Venezuela’s San Cristobal oilfield.
NTPC is looking to invest Rs17bn in a Jharkhand coal mine.
GAIL and Engineers India have jointly submitted an EoI to Oman Gas Company for setting up a gas processing plant in Oman.
United Spirits has launched Dalmore and Jura from its Whyte & Mackay portfolio along with W&M blended scotches.
Piaggio is planning to increase production and launch new scooters in India.
Sobha Developers is planning to develop a 156-unit luxury residential project in North Bangalore.
Infosys and Wipro may bid for specific verticals of Capgemini.
Supreme Court has rejected a petition seeking stay on construction of DLF Cyber city in Gurgaon.
Arvind Mills is planning to invest Rs4bn to expand its retail business in four years.
GHCL is planning to demerge its business into three listed entities.
Jet Airways is to set up a Maintenance Repair and Overhaul facility and a flight catering facility.
Aegis Logistics intends to set up 70 outlets of Auto Gas LPG in Andhra Pradesh.
Delay on the part of Essar Oilfield Services in deploying a semi-submersible rig has affected GSPC’s exploration plan in its deepwater K-G Basin block.
IOC is setting up an LPG import facility at the land allotted to it by Cochin Port Trust at an investment of Rs1.7bn.
SIDBI has reduced its prime lending rate by 0.5% and its deposit rates by 0.25%.
Tanishq, the jewellery division of Titan Industries is embarking on a retail expansion with an aim to increase sales by 50% to Rs30bn in FY09.
A consortium comprising Reliance Energy and Spanish firm CAF has bagged the project to operate and manage a 22.7 km metro rail link between New Delhi city centre and international airport for 30 years.
Huawei Tech, Telefon AB LM Ericsson and Nokia Siemens Networks are pursuing a supply contract worth ~US$4.8bn with Tata Tele.
Apollo Tyres expects revenues of US$350mn from Hungarian unit in the second year of operations.
HDFC Bank is looking to foray into investment banking in the next 3-4 months.
PNB may quit JVs with Principal Financial Group in the asset management and insurance broking businesses.
India added 8.17mn new telecom subscribers in December, taking overall telecom density to 23.89%.
The RBI has temporarily allowed banks to increase their ceilings on capital market exposures.
The Government is planning a Rs70bn package to revive the irrigation sector.
The Government is planning to relax few ECB norms for Ultra Mega Power projects.
Freight rates for bulk commodities like coal and iron ore could go down by 3-5% in the forthcoming railway budget.
Indian Railways has managed to negotiate a discount of Rs150 per kilolitre of HSD from oil marketing firms for 2008.
The EGoM on SEZs will discuss a finance ministry proposal on February 4, to impose export obligation in excess of 50% on such zones.
Tuesday, January 22, 2008
Patiance needed in the market
Today's Strategy
If you go to study the reason behind Monday market fall, you will find several. But if you had follow technical you would have never get caught or you would have exited with minor loss.
Lets come to a point. How does market look tomorrow ?
If you survey it closely you would see that market had recovered at the last half an hour trade, this is one of the positive sign.
But seeing the European markets I don't expect a positive opening, unless Asian markets comes out with miracle.
Let us assume that the market goes down. In this keep a watch on 5085 a first technical support, if we happen to break this level and trade below this level for a couple of minutes we might see 4980. These two are most important level to watch, if market is expected to bounce back then bounce back should come from any one of these levels. If these two levels fails to give any reaction then we might see 4600 - 4650.
If at all we happen to move towards positive direction, then the first resistance we find it at 5375 not a very hard resistance then 5412, 5495 but we find a solid resistance at 5612 which seems hard to be broken in tomorrow trade if at all market move up with force which is not expected.
NorTechnicals nor Fundamentals work in a panic market hence lets wait and see what happens on Tuesday. Its the best chance a Investor with time horizon of 6 – 12 months should utilise to add stocks
Pick No 1 - Buy Dabur (BSE Code 532683) - Currently trading at 101. Let market settle then buy this stock around 98 keeping a stop at 94. No doubt this stock looks good but market doesn't look good so play cautiously any buy position. The final target and final stop loss will be given only to clients.
Pick No 2 - Buy Cinemax (BSE Code 532807) - Currently trading at 112.70, let market settle buy this stock 102 keep a stop at 92 this stock looks good to buy at this level. Market doesn't look good so play cautiously any buy position. The final target and final stop loss will be given only to clients.
Live calls during market hour are only given to client. Some time we give free calls in week and market updates for free. For this add sheth_jg@yahoo.com
If you go to study the reason behind Monday market fall, you will find several. But if you had follow technical you would have never get caught or you would have exited with minor loss.
Lets come to a point. How does market look tomorrow ?
If you survey it closely you would see that market had recovered at the last half an hour trade, this is one of the positive sign.
But seeing the European markets I don't expect a positive opening, unless Asian markets comes out with miracle.
Let us assume that the market goes down. In this keep a watch on 5085 a first technical support, if we happen to break this level and trade below this level for a couple of minutes we might see 4980. These two are most important level to watch, if market is expected to bounce back then bounce back should come from any one of these levels. If these two levels fails to give any reaction then we might see 4600 - 4650.
If at all we happen to move towards positive direction, then the first resistance we find it at 5375 not a very hard resistance then 5412, 5495 but we find a solid resistance at 5612 which seems hard to be broken in tomorrow trade if at all market move up with force which is not expected.
NorTechnicals nor Fundamentals work in a panic market hence lets wait and see what happens on Tuesday. Its the best chance a Investor with time horizon of 6 – 12 months should utilise to add stocks
Pick No 1 - Buy Dabur (BSE Code 532683) - Currently trading at 101. Let market settle then buy this stock around 98 keeping a stop at 94. No doubt this stock looks good but market doesn't look good so play cautiously any buy position. The final target and final stop loss will be given only to clients.
Pick No 2 - Buy Cinemax (BSE Code 532807) - Currently trading at 112.70, let market settle buy this stock 102 keep a stop at 92 this stock looks good to buy at this level. Market doesn't look good so play cautiously any buy position. The final target and final stop loss will be given only to clients.
Live calls during market hour are only given to client. Some time we give free calls in week and market updates for free. For this add sheth_jg@yahoo.com
Monday, January 21, 2008
TODAY IS BANKING DAY
NIFTY JAN 5900 PUT is flat, OI of NIFTY JAN 5800,5700,5600,5500 PUTS rises indicating more downside still remain. I expect on Monday if mkt trades negative till 12 noon then margin calls of retail investors will be triggered. I expect NIFTY SPOT will come down to below 5600 levels in intraday. I prefer to watch OI of NIFTY FUT and OI of NIFTY JAN 5900 PUT at these levels then decide whether to go long or to wait. I also expect bounce back of NIFTY SPOT from 5550-5600 levels.I m expecting expiry of JAN SERIES above 5900 levels in current situation but more clear picture of expiry will emerge next week
Click http://niftyintraday.googlepages.com/nifty50 to View Live Nifty Intraday Chart
The stocks that hit the headlines today are ICICI Bank, Idea Cellular, Gujarat Alkalies, Parsvnath Developers, Wockhardt and many more including AP Petrochemicals etc..
ICICI Bank Ltd to dilute 15% holding in its subsidiary ICICI Securities Ltd through an IPO and private placement soon.
Wockhardt today announced the demerger of R&D division which will be effective from Jan 01, 2009 following the foot steps of its peers like Ranbaxy, Sun Pharma & Nicholas Piramal
Essar Steel is in the race for Canadian based magnetite iron ore company Millennium Iron Ore Range.
Sun Pharma Advanced Research Company's (SPARC) new molecule (NCE- SUN 1334H - anti allergy) has advanced in to phase III of clinical trials
Housing Development and Infrastructure (HDIL), will invest Rs 2,000 crore on developing Cybercity near Kochi.
JOIN TO KNOW MORE, ADD MY MESSENGER ID sheth_jg@yahoo.com
Click http://niftyintraday.googlepages.com/nifty50 to View Live Nifty Intraday Chart
The stocks that hit the headlines today are ICICI Bank, Idea Cellular, Gujarat Alkalies, Parsvnath Developers, Wockhardt and many more including AP Petrochemicals etc..
ICICI Bank Ltd to dilute 15% holding in its subsidiary ICICI Securities Ltd through an IPO and private placement soon.
Wockhardt today announced the demerger of R&D division which will be effective from Jan 01, 2009 following the foot steps of its peers like Ranbaxy, Sun Pharma & Nicholas Piramal
Essar Steel is in the race for Canadian based magnetite iron ore company Millennium Iron Ore Range.
Sun Pharma Advanced Research Company's (SPARC) new molecule (NCE- SUN 1334H - anti allergy) has advanced in to phase III of clinical trials
Housing Development and Infrastructure (HDIL), will invest Rs 2,000 crore on developing Cybercity near Kochi.
JOIN TO KNOW MORE, ADD MY MESSENGER ID sheth_jg@yahoo.com
Friday, January 18, 2008
GAP DOWN OPEN
The market may edge lower tracking weak global markets. US stocks fell sharply on Thursday, 17 January 2008, as news of a plunge in regional factory activity and a hefty loss at Merrill Lynch further clouded an increasingly dire view of the US economy. In one of the strongest signals yet that the economy is at high risk of contracting, the Philadelphia Federal Reserve Bank said mid-Atlantic factory activity has slowed much more than expected to levels that typically signal recession.
The Q3 December 2007 results announced by India Inc. so far have been more or less in line with market expectations. Stock-specific activity may rule the roost in the near term based on expectations of results of individual firms. Some of the top brokerages expect a slowdown in earnings growth of 30-Sensex firms in Q3 December 2007.
Just a while ago, Wipro reported 11% growth in net profit as per US accounting standards to Rs 826 crore in Q3 December 2007 over Q3 December 2006. The other key results scheduled today are ITC and HDFC.
The government will release the inflation figure for the year through 5 January 2008 today. Annual inflation, based on the wholesale price index (WPI), stood at 3.5% in the year through 29 December 2007, same as the year through 22 December 2007.
Meanwhile, no decision was taken yesterday, 17 January 2008, at a meeting of the group of ministers (GoM) on fuel prices. GoM meet again later. A hike retail fuel prices will result in increase in inflation.
In Asia, key benchmark indices in Hong Kong, China, Japan, South Korea, and Taiwan were down by between 0.1% to 2.32%.
The Dow Jones industrial average plunged 306.95 points, or 2.46%, to close at 12,159.21, on Thursday. The Standard & Poor's 500 Index lost 39.95 points, or 2.91%, at 1,333.25. The Nasdaq Composite Index shed 47.69 points, or 1.99%, at 2,346.90.
FIIs sold shares worth a net Rs 2267.40 crore on Thursday, the day when Sensex lost 167 points. Domestic funds bought shares worth a net Rs 734.75 crore on that day.
FIIs were net buyers of index futures to the tune of Rs 611.60 crore on Thursday. They net bought index options worth Rs 279.71 crore. FIIs sold individual stock futures to the tune of Rs 1220.25 crore on that day.
The Q3 December 2007 results announced by India Inc. so far have been more or less in line with market expectations. Stock-specific activity may rule the roost in the near term based on expectations of results of individual firms. Some of the top brokerages expect a slowdown in earnings growth of 30-Sensex firms in Q3 December 2007.
Just a while ago, Wipro reported 11% growth in net profit as per US accounting standards to Rs 826 crore in Q3 December 2007 over Q3 December 2006. The other key results scheduled today are ITC and HDFC.
The government will release the inflation figure for the year through 5 January 2008 today. Annual inflation, based on the wholesale price index (WPI), stood at 3.5% in the year through 29 December 2007, same as the year through 22 December 2007.
Meanwhile, no decision was taken yesterday, 17 January 2008, at a meeting of the group of ministers (GoM) on fuel prices. GoM meet again later. A hike retail fuel prices will result in increase in inflation.
In Asia, key benchmark indices in Hong Kong, China, Japan, South Korea, and Taiwan were down by between 0.1% to 2.32%.
The Dow Jones industrial average plunged 306.95 points, or 2.46%, to close at 12,159.21, on Thursday. The Standard & Poor's 500 Index lost 39.95 points, or 2.91%, at 1,333.25. The Nasdaq Composite Index shed 47.69 points, or 1.99%, at 2,346.90.
FIIs sold shares worth a net Rs 2267.40 crore on Thursday, the day when Sensex lost 167 points. Domestic funds bought shares worth a net Rs 734.75 crore on that day.
FIIs were net buyers of index futures to the tune of Rs 611.60 crore on Thursday. They net bought index options worth Rs 279.71 crore. FIIs sold individual stock futures to the tune of Rs 1220.25 crore on that day.
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