JAN MONTH LOSSERS DONT MISS THE LAST OPPORTUNITY.BECAUSE THIS WEEK MKT VERY IMPORTANT TRADING FEB 7 AND AFTER SO SUBSCRIBE
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
We may see 5030 – 4950 on Nifty if turn negative again after positive opening. The
best advice FnO traders can get at this point of time is not to indulge in right now since as said earlier confusion is keep the markets choppy and the SL's can get hit on both sides.BE IN CASH
Stock In News
Tata Chemicals limited is planning to sell nearly 14% stake in Tata Investment Corporation (TICL) to Tata Sons for around Rs 300 crore to fund the recent US $1bn acquisition.
Anil Ambani owned ADAG increased its stake in Deccan Aviation to 10.76% from a mere 3% in September.
Marg Ltd, the Real estate and infrastructure company today announced the launch of its massive project comprising two notified SEZs spread over 612 acres near chennai
Hyderabad based steel manufacturer Sujana Metal Products is planning to triple the capacity to 1 million tonnes.
Vijay Shanthi Builders Ltd is planning to invest around Rs 800 crore in various residential projects in and around Chennai.
Hot Pick - Air Deccan
We believe in reports of a US based FII triggered basket selling in the Nifty components, resulting in a unidirectional move in the indices in the noon session. Such a unpredicatble downsides with out events orginate from this kind of selling which creates panic among investors. More rumours started hitting the street with many analysts talking with a bearish tone and huge downside targets. We stick to our midly bullish view though run away rallies are difficult to originate overnight
Central Statistical Organisation pegged the growth in the current fiscal at 8.7%. Meanwhile FM is still confident about 9% economic growth. Govt. spending is key for the economy to counter any slow down in growth. And we expect the spending to increase with infrastructure likely to take the major pie.
Many momentum stocks suffered yesterday due to the swift drift in the indices. Many midcaps are at attractive levels and it is definitely time to shop slowly but surely. Reliance Power IPO refunds started pouring in and we may see the same flooding into the secondary markets.
FIIs were net sellers of Rs8.6bn (provisional) in the cash segment on Thursday. At the same time, local institutions were net buyers of Rs2.31bn. In the F&O segment, they were net sellers of Rs2.67bn. On Wednesday, foreign funds pulled out Rs5.28bn from the cash segment. Mutual Funds were net sellers of Rs2.12bn in the cash segment on Wednesday
News Snippets:
Mcnally Bharat plans to invest Rs2bn over next 15 months for heavy engineering and forging unit in West Bengal.
Nicholas Piramal to sell hypertension device in India manufactured by Israel’s InterCure.
ArcelorMittal applies for iron ore mines in Orissa and Jharkhand.
NTPC forms JV with Bharat Forge for manufacturing castings and forgings for power plants at an investment of Rs30bn.
Ennore Foundries to invest Rs3.5bn for doubling capacity to 220,000tpa by 2010-11.
Sintex Industries plans to invest Rs2bn in pre-fabricated segment.
Reliance Infratel to erect 56,600 towers by 2010.
Ispat Industries to spend US$115mn on African blocks.
Vakrangee Software to invest Rs2bn in setting up digital printing centres in 10 cities by 2010.
Indiabulls Real Estate buys out DLF’s stake in Kenneth Builders.
Kingfisher Airlines plans to float its own dedicated cargo airline through tie-up with foreign company.
ONGC’s helium unit in Tamil Nadu to go on stream soon.
PNB Housing cuts home loan rates by 50bps.
NTPC revises plans to develop wind power project with generation capacity of 100MW from original 50MW.
Tata Chemical plans to raise up to Rs3.25bn by offloading investment in Tata Investment Corp. (TICL) to Tata Sons.
Suzlon Energy’s wholly owned subsidiary, SE Drive Technik Gmbh, forms JV with Re Power Systems AG, Germany.
Reliance Retail plans to set up 1,200 ‘Reliance Wellness’ stores in India at an investment of over Rs30bn in 2-3 years.
George Soros picks up 3% stake in Reliance Entertainment for $100mn.
UTV Toons, animation division of UTV Software to be merged with the UTV Motion Business.
Sujana Metals to invest Rs16bn to treble its capacity to 1mn tons till 2010.
Bharti Airtel and VSNL seek a ‘crisis observance code’ to ensure that operators access each others' infrastructure in crisis situation.
ADAG hikes its stake in Deccan Aviation to 10.76%.
Indiabulls Real Estate picks up stake of DLF in Tehkhand residential project at South India.
Tata Motors officials to meet JLR union unite on Friday to discuss Pension, Job security and other concerns.
Economic NEWS :
Cabinet clears railway line electrification along 801kms network in east Bihar and North East India by 2012.
Union Cabinet approves Rs437bn outlay for national projects under Accelerated Irrigation Benefits Programmes during the 11th Plan
Losses of PSU oil marketing companies double in three years on account of under-recoveries.
SEBI signs agreement with French (AMF) Autorite des Marches Financiers for mutual regulatory understanding and exchange of information.
A parliamentary panel on Petroleum & Natural Gas to discuss the issue of fuel price hike today.
Government plans to increase the corpus of the Rural Infrastructure Development Fund (RIDF) by Rs20bn to Rs140bn.
Government to consider cutting down land requirement of UMPP by up to 40% in a phased manner.
Steel Minister to meet with all intergraded steel producers on Feb 11 to discuss downward revision of prices
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
Friday, February 8, 2008
Thursday, February 7, 2008
Above 5200 we can see 5700 by next week
NEW SITE LAUNCHED TODAY
http://www.freewebs.com/jgs-investments/index.htm
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
Watch for Power stocks and fertilizer stocks are expected to continue the rally. IT stocks should see some pressure. With budget round the corner downsides are capped and we have our Support level for Sensex at 17,240 levels.
Indian Markets though went down yesterday but we take few positives from the trade. Many stocks stopped moving with the market, given the cheap valuations. Midcaps are looking strong enough for two reasons.
1. Midcaps did not participate in the last 1000 point Sensex pull back rally
2. Relatively cheap valuations
Markets are likely to trade in a range today too but we might see euphoric moves from the midcap segment. Power stocks are likely to welcome the entry of Reliance Power next monday. These are no doubt difficult times and investors are adviced to reduce expectations on the returns given the bull run in the last 4 years. Irrespective of US recession few sectors are likely to race ahead. We strongly believe India will be least affected by the US recession.
Stock in News
Glenmark, Ispat Industries, MRPL, GMR Infra, S Kumars Nationwide, Reliance Industries, Mid-day, Petronet LNG are few stocks that hit the headlines today
Glenmark Pharmaceuticals has received a milestone of USD 15 Million from Forest Labs, which is Glenmark's North American partner for Oglemilast
Petronet LNG is actively pursuing to pick up equity in liquefaction terminals in West Asia and Australia.
Mumbai based Mid-Day Multimedia is selling printing, publishing business to its unit at a price not lower than Rs 17 Crores
Reliance Industries is likely to enter realty space in a big way.
S Kumars Nationwide's retail unit Brandhouse Retails Ltd is likely to expand its total network of stores to 400 by the end of this year and to 1200 stores by FY 2010
GMR Infrastructure acquires a cyprus company Delridge Ltd for an undiclosed amount.
Ispat Industries Ltd is actively buying coal blocks in Africa
MRPL & SHELL enter into Joint Venture in Aviation Fuelling Business
Elgi Equipments Ltd has decided to open wholly owned subsidiaries in Sharjah and Brazil.
Jaypee Group will enter into a joint venture with Thailand’s Six Sense Spa for setting up a Rs150 crore resort at Greater Noida
News Snippets:
A nine company consortium including Bharti Airtel and VSNL, will build a high capacity fibre optic submarine cable from India to France via Egypt and Italy.
IOC may seek board approval for its Rs50bn Haldia paraxylene plant. (BL)
L&T plans to invest US$5bn on power generation business; targets 5,000MW capacity in next five years.
SCI may invest US$800mn in its shipbuilding foray.
Tata Motors subsidiary, TAL Manufacturing Solutions, to make floor beam for Boeing’s 787 Dreamliner aircraft.
Ispat Group has acquired two coal blocks in Mozambique.
Arvind Mills may demerge its brands and apparel retailing businesses in to separate companies.
Mundra Port to invest Rs100bn to raise cargo capacity.
Ranbaxy Laboratories gets US FDA approval to manufacture and market a paediatric drug.
Vedanta plans Rs60bn plant in Bengal.
Tata Group plans to foray into retail broking business.
Mercator Lines to acquire three dredgers for US$100mn in the next six months.
Central Bank of India may reduce retail loan rates by 50bps.
Sintex Industries raises Rs6bn through a QIP issue.
Vijaya Bank may acquire a bank in northern or western India.
Bhushan Steel to invest Rs260bn to build a 12mn tons capacity in West Bengal, Jharkhand and Orissa.
ICICI Bank is not likely to cut interest rates in near term
Maruti Suzuki India to export 250,000 cars from Mundra port.
Economic News:
3G licenses could raise US$5bn for the government in the first year itself.
The Union Cabinet is unlikely to hike fuel prices this week.
According to the Director General of Hydrocarbons (DGH), India has 2,000 tons of cubic ft gas hydrates pool.
The Government may cut excise duty on power equipments and other inputs from 16% to 8% in the upcoming Budget.
India’s domestic Information Communication Technology market may reach US$24bn by 2011, according to Gartner Inc.
The Government seeks $500mn ADB loans for Indian Railways expansion plans.
The Government may consider a profit reserve plan to offset losses incurred by exporters due to rupee appreciation.
Airport hotels in Delhi may miss the November 2010 target.
Stationery goods, electrical appliances and 46 other products may be removed from small scale industries list.
TRAI likely to recommend more FDI in FM radio segment.
http://www.freewebs.com/jgs-investments/index.htm
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
Watch for Power stocks and fertilizer stocks are expected to continue the rally. IT stocks should see some pressure. With budget round the corner downsides are capped and we have our Support level for Sensex at 17,240 levels.
Indian Markets though went down yesterday but we take few positives from the trade. Many stocks stopped moving with the market, given the cheap valuations. Midcaps are looking strong enough for two reasons.
1. Midcaps did not participate in the last 1000 point Sensex pull back rally
2. Relatively cheap valuations
Markets are likely to trade in a range today too but we might see euphoric moves from the midcap segment. Power stocks are likely to welcome the entry of Reliance Power next monday. These are no doubt difficult times and investors are adviced to reduce expectations on the returns given the bull run in the last 4 years. Irrespective of US recession few sectors are likely to race ahead. We strongly believe India will be least affected by the US recession.
Stock in News
Glenmark, Ispat Industries, MRPL, GMR Infra, S Kumars Nationwide, Reliance Industries, Mid-day, Petronet LNG are few stocks that hit the headlines today
Glenmark Pharmaceuticals has received a milestone of USD 15 Million from Forest Labs, which is Glenmark's North American partner for Oglemilast
Petronet LNG is actively pursuing to pick up equity in liquefaction terminals in West Asia and Australia.
Mumbai based Mid-Day Multimedia is selling printing, publishing business to its unit at a price not lower than Rs 17 Crores
Reliance Industries is likely to enter realty space in a big way.
S Kumars Nationwide's retail unit Brandhouse Retails Ltd is likely to expand its total network of stores to 400 by the end of this year and to 1200 stores by FY 2010
GMR Infrastructure acquires a cyprus company Delridge Ltd for an undiclosed amount.
Ispat Industries Ltd is actively buying coal blocks in Africa
MRPL & SHELL enter into Joint Venture in Aviation Fuelling Business
Elgi Equipments Ltd has decided to open wholly owned subsidiaries in Sharjah and Brazil.
Jaypee Group will enter into a joint venture with Thailand’s Six Sense Spa for setting up a Rs150 crore resort at Greater Noida
News Snippets:
A nine company consortium including Bharti Airtel and VSNL, will build a high capacity fibre optic submarine cable from India to France via Egypt and Italy.
IOC may seek board approval for its Rs50bn Haldia paraxylene plant. (BL)
L&T plans to invest US$5bn on power generation business; targets 5,000MW capacity in next five years.
SCI may invest US$800mn in its shipbuilding foray.
Tata Motors subsidiary, TAL Manufacturing Solutions, to make floor beam for Boeing’s 787 Dreamliner aircraft.
Ispat Group has acquired two coal blocks in Mozambique.
Arvind Mills may demerge its brands and apparel retailing businesses in to separate companies.
Mundra Port to invest Rs100bn to raise cargo capacity.
Ranbaxy Laboratories gets US FDA approval to manufacture and market a paediatric drug.
Vedanta plans Rs60bn plant in Bengal.
Tata Group plans to foray into retail broking business.
Mercator Lines to acquire three dredgers for US$100mn in the next six months.
Central Bank of India may reduce retail loan rates by 50bps.
Sintex Industries raises Rs6bn through a QIP issue.
Vijaya Bank may acquire a bank in northern or western India.
Bhushan Steel to invest Rs260bn to build a 12mn tons capacity in West Bengal, Jharkhand and Orissa.
ICICI Bank is not likely to cut interest rates in near term
Maruti Suzuki India to export 250,000 cars from Mundra port.
Economic News:
3G licenses could raise US$5bn for the government in the first year itself.
The Union Cabinet is unlikely to hike fuel prices this week.
According to the Director General of Hydrocarbons (DGH), India has 2,000 tons of cubic ft gas hydrates pool.
The Government may cut excise duty on power equipments and other inputs from 16% to 8% in the upcoming Budget.
India’s domestic Information Communication Technology market may reach US$24bn by 2011, according to Gartner Inc.
The Government seeks $500mn ADB loans for Indian Railways expansion plans.
The Government may consider a profit reserve plan to offset losses incurred by exporters due to rupee appreciation.
Airport hotels in Delhi may miss the November 2010 target.
Stationery goods, electrical appliances and 46 other products may be removed from small scale industries list.
TRAI likely to recommend more FDI in FM radio segment.
Wednesday, February 6, 2008
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OUR STBT - NIFTY
We will see gap down nearly 200 points , but with volatile session through out the day. Trade carefully
On downside I see a support existing 5413 - 5400 , 5363, 5240 and finally 5143
Among all the supports above 5413 - 5400 and 5143 are the strong supports, and especially 5143 is not expected to be broken.
On the upside 5575 should comes a first hard resistance break of which can take us to next hard resistance of 5680.
Indian markets are likely to open weak on the above mentioned cues but likely to recover. We strictly advice investors against going short on the market. Though we do not expect any positives from today's trading we are not with the bears. Markets are likely to recover after the initial dips.
Three reasons : Why dont we expect a recovery ??????
1. We do not see excessive positions in the F&O segment.
2. Reliance Power IPO refunds, likely to enter primary market will support the market.
3. Midcaps are already reeling and there is limited scope for down side from these levels.
As mentioned many times these are tough times and only patient investors can survive. While sticking to our 60-40 odds in favour of no recession we want to play purely on Technicals. In our earlier review we mentioned Dow Jones need to cross 12,750 level and should close two times above the same. Now we see a minor support at 12,150 level for Dow Jones and the final major support level of 11,940. After that level we cannot imagine the plight of equities.
Reliance "Power" is likely to arrest the downfall. Very few die hard bulls will place their bets on a limited fall in the Indian indices and we are few among them
Pick No 1 - Buy NTPC - Stock is currently trading at 223.10. Looks good at 208 level for both intraday and positional keeping a stop loss of 199 for intraday and for positional . Remember opening is expected to be negative tomorrow so just don't hurry up and trade wait for the market to settle first. Final target and stop loss only for clients. Clients will be informed regarding this through SMS.
Pick No 2 - Buy DISH TV - Stock is currently trading 69.90. Looks good at 65 level to buy keep a stop loss of 62 and buy. Remember opening is expected to be negative tomorrow so just don't hurry up and trade wait for the market to settle first. Final target and stop loss only for clients. Clients will be informed regarding this through SMS
STOCK IN NEWS
IT bellwether Tata Consultancy Services Ltd(TCS) laid off nearly 500 employees citing performance reasons.
Indiabulls Financial Services is planning to hit Singapore stock exchange with an IPO of $1.2 billion
Reliance Communications is likely to tie up with sweedish based GPS service provider Wayfinder Systems.
Sources say MTNL- BSNL merger is likely to proceed in the next month
HCL Technologies is all set to bad a one billion dollar outsourcing deal from a global major.
Suzlon Energy bags order for wind turbines from an Australian company.
SBI tied up with Tata Power for Rs 4,450 cr power plant
L&T is on the look out for a mega shipyard location, to build ship engines
Hyderabad based Prime Focus ties up with Warner Bros MPI
Oil exploration company Deep Industries is likely to join hands with IOC to develop and market gas
Crisil limited is reported to be in talks with US based Equifax and Tata Capital, a Tata group firm to form credit information company.
Ceat limited is on the verge of selling the 32 acres of land at Bhandup, a Mumbai suburb for nearly Rs.100 crores
We will see gap down nearly 200 points , but with volatile session through out the day. Trade carefully
On downside I see a support existing 5413 - 5400 , 5363, 5240 and finally 5143
Among all the supports above 5413 - 5400 and 5143 are the strong supports, and especially 5143 is not expected to be broken.
On the upside 5575 should comes a first hard resistance break of which can take us to next hard resistance of 5680.
Indian markets are likely to open weak on the above mentioned cues but likely to recover. We strictly advice investors against going short on the market. Though we do not expect any positives from today's trading we are not with the bears. Markets are likely to recover after the initial dips.
Three reasons : Why dont we expect a recovery ??????
1. We do not see excessive positions in the F&O segment.
2. Reliance Power IPO refunds, likely to enter primary market will support the market.
3. Midcaps are already reeling and there is limited scope for down side from these levels.
As mentioned many times these are tough times and only patient investors can survive. While sticking to our 60-40 odds in favour of no recession we want to play purely on Technicals. In our earlier review we mentioned Dow Jones need to cross 12,750 level and should close two times above the same. Now we see a minor support at 12,150 level for Dow Jones and the final major support level of 11,940. After that level we cannot imagine the plight of equities.
Reliance "Power" is likely to arrest the downfall. Very few die hard bulls will place their bets on a limited fall in the Indian indices and we are few among them
Pick No 1 - Buy NTPC - Stock is currently trading at 223.10. Looks good at 208 level for both intraday and positional keeping a stop loss of 199 for intraday and for positional . Remember opening is expected to be negative tomorrow so just don't hurry up and trade wait for the market to settle first. Final target and stop loss only for clients. Clients will be informed regarding this through SMS.
Pick No 2 - Buy DISH TV - Stock is currently trading 69.90. Looks good at 65 level to buy keep a stop loss of 62 and buy. Remember opening is expected to be negative tomorrow so just don't hurry up and trade wait for the market to settle first. Final target and stop loss only for clients. Clients will be informed regarding this through SMS
STOCK IN NEWS
IT bellwether Tata Consultancy Services Ltd(TCS) laid off nearly 500 employees citing performance reasons.
Indiabulls Financial Services is planning to hit Singapore stock exchange with an IPO of $1.2 billion
Reliance Communications is likely to tie up with sweedish based GPS service provider Wayfinder Systems.
Sources say MTNL- BSNL merger is likely to proceed in the next month
HCL Technologies is all set to bad a one billion dollar outsourcing deal from a global major.
Suzlon Energy bags order for wind turbines from an Australian company.
SBI tied up with Tata Power for Rs 4,450 cr power plant
L&T is on the look out for a mega shipyard location, to build ship engines
Hyderabad based Prime Focus ties up with Warner Bros MPI
Oil exploration company Deep Industries is likely to join hands with IOC to develop and market gas
Crisil limited is reported to be in talks with US based Equifax and Tata Capital, a Tata group firm to form credit information company.
Ceat limited is on the verge of selling the 32 acres of land at Bhandup, a Mumbai suburb for nearly Rs.100 crores
Tuesday, February 5, 2008
Everyone , Minting Money in Tons.
OUR TRADING CALL OF WIPRO ALSO FLARED AND HIT 473 MARK, MARVELOUS GAIN OF RUPEES 36, WE HOPE U ENJOYED BEYOUND YOUR IMAGINATION.
OUR TRADING CALL OF MCS HIT 5% UPPER-FILTER $ MANY MORE
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
WE ARE TRYING HARD TO DELIVER GOOD FUNDAMENTALLY + TECHNICALLY SCRIPS IN FRONT OF YOU , EVERYDAY !!!!!!!!!!!!!
It's an Excellent Trading Call for You !!!!!!!!
US Market shall be effected by the result of Labor Market report and that shall also effect on Indian Market on Tuesday. Now things are on record for American market are in closed in red. And following the same trend major Asian Markets has opened in red which is going to effect Indian Market too.
If Asian markets continue in red till the opening of Indian markets it is possibility that Indian markets may open with a gap of 200 pts in negative.
For the day best support for the Indian sensitive index is 18434.00 /18202.00. And the best resistance is 19351.00.
Market closing above 5400 giving us a first sign of bullishness.on the down side Nifty first support exist at 5400 followed by 5330 and 5256.If by any chance we happen to break 5256 then a panic will be created which can lead nifty to 5064.
On the upside I see a strong resistance kept around 5560 which even we have mention yesterday and the nifty was unable to cross that.
If we happen to break 5560 and trade successfully there then next super hard resistance kept at 5690.
Trading strategy for today, Our market looks strong but for today every gain in market will be accompanied by profit booking. Market is expected to be range bound
Pick No 1 - Buy Hindustan lever (bse code 500696) cmp 211.9_ - Buy this Stock at the CMP around 210 - 212 with a stoploss below 208.4. Final target and stoploss will be updated to clients through SMS.
Pick No 2 - Buy Pidilite (BSE code 500331). Buy this stock at CMP of 182 with a stop loss below 177 for a good upmove. Final target and stop loss will be updated to clients through SMS
Indian Markets had a dream run in the last two days gaining nearly 1000 points. Reliance Communications lead the rally yesterday on the IPO news of the Tower company. We believe majority of the telecom companies are trying to unlock the share holder value by de-merging their towers business. Infrastructure and realty stocks was clearly yesterday's leaders in the market. We are not bullish on this space except for one or two stocks.
Hyderabad based IT company Prithvi Information solutions bagged a huge order worth Rs 309 crores. The company has tied up with China-based Huwei Technologies, to source the equipment. The stock recently witnessed fund buying.
Steel ministry is reported to be looking into the price hikes by many of the operators. IT Stocks, mentioned in our reviews from the last couple of days logged in good gains. Rolta jumped 23% yesterday on the rumours of a major defense order. We expect the Sensex to trade with in 100 point band on either side today. Midcaps and small caps might continue the upward journey
Stocks in news include Cadila Healthcare, Zylog Systems, SEL Manufacturing, GVK Power and many more
Cadila Healthcare enters into a 3 year deal with Karo Bio, a sweedish drug discovery and development company specializing in nuclear receptors.
State owned Bharat Petroleum Corporation Ltd (BPCL) is pursuing plans to set up a separate bio-diesel company.
Hyderabad based GVK Power & Infrastructure Ltd (GVKPIL) is planning to bid for airport projects in Europe and America. The company currently runs runs Mumbai’s Chhatrapati Shivaji International Airport
Information & Broadcasting (I&B) department has given nod for IPTV to Cable TV players.
Chennai based software solutions provider Zylog Systems has invested around Rs 65 crore to establish two offshore development centres in Chennai.
SEL Manufacturing limited, the buzzing company is planning to set up Rs 650-cr technical textile facility.
Prithvi Information Solutions bagged a Rs 309 cr order from government owned BSNL.
Chennai based Accel Transmatic has created a motion capture facility at Thiruvananthapuram and is now building an animation facility in Chennai, with an estimated cost of Rs 50 crore. The company currently holds orders worth Rs 85 crore and more in its pipeline.
MindTree Consulting Ltd has opened an office in the Dubai Airport Free Zone. This will enable the company to consolidate itself in West Asia.
Bangalore-based Sasken Communication Technologies Ltd, a global provider of software and support services is likely to acquire an R&D unit of Nokia in Germany.
Parsvnath Developers tied up with ITC arm to manage 50 Hotels across the country in next three to five years.
FIIs were net buyers of Rs1.64bn (provisional) in the cash segment on Monday. Domestic Institutions were also net buyers of Rs7.32bn. In the F&O segment, foreign funds were net buyers of Rs20.13bn.
News Snippets:
The decks have finally been cleared for the likes of Bharti Airtel and Reliance Communications to provide IPTV services.
Reliance Industries and GMDC are planning to set up a JV to undertake lignite gasification in Gujarat and Rajasthan.
ICICI Bank will share its home loan business with its 100% subsidiary, ICICI Home Finance Co. The bank plans to finance home loans only up to Rs2mn while home loans above Rs2mn would be provided by IHFC.
ONGC is planning to invite bids for its second wind power project in Karnataka. It will invest nearly Rs6bn in the first phase of its wind energy foray for generating nearly 15,000 mw of power.
Rashtriya Ispat Nigam has sought the acquisition of the Bird Group of companies, including Orissa Mining Development Corporation, to secure iron ore reserves.
Tata Steel has lost its bid to buy the rights to iron ore reserves in Liberia to Johannesburg-based Delta.
The Supreme Court has cancelled Jindal Steel’s proposed JV with the Industrial Development Corporation of Orissa for the exploration of chromium deposits.
GVK Power plans to set up a thermal power plant at Talwandi Sabo (1,800 mw) and another coal-based power plant near Rajpura (1,200 mw).
GVK Power plans to bid for airport projects in Europe and USA.
Hindustan Unilever plans to sell shrimps business in Kerala.
The TDSAT has stayed an order passed by TRAI asking telecom operator Tata Teleservices to refund the excess amount collected from customers.
Tata Teleservices and Virgin Group are aiming to launch Virgin Mobile in the first week of March.
Essar Shipping is raising ~US$1bn through a mix of equity and quasi-equity instruments.
Reliance Communications to offer lifetime connection for Rs199 against current charges of Rs649.
KEC International has formed a 50:50 JV with US-based Power Engineers and floated a new firm called KEC Power.
Voltas is likely to bag a large overseas order worth Rs6-8bn.
MRF’s Tiruvottiyur factory, which has been shut for a month now over a productivity dispute, will be reopened on Tuesday.
SEL Manufacturing Company has decided to foray into technical textiles and plans to invest Rs6.5bn in the project.
Page Industries plans to expand its manufacturing capacity by 30% to produce 74mn pieces per annum vs 57mn pieces.
Hindustan Copper has raised the provisional prices for February by 6.73% with immediate effect.
Lok Housing has proposed to issue 5mn convertible warrants on a preferential basis to three promoter entities at a conversion price of Rs354 per share.
Bank of Rajasthan has hiked interest rate on term deposits of some maturities.
Ceat will finalize its plans on setting up a greenfield truck-bus radial facility this month. The company has also increased prices.
Jindal Saw expects its infrastructure, transportation and fabrication (ITF) subsidiary to contribute around 50% of the company’s top line by 2012.
Koutons Retail India plans to foray into China by the end of this year.
Sasken Communication may buy Nokia’s R&D unit in Germany.
Cambridge Technology Solutions is evaluating two more potential candidates based in the US and expects to close one of them in February.
The Shyam Group of Industries plans to set up an integrated steel and power plant at Jamuria near Asansol in West Bengal for around Rs99bn.
Plethico Pharma is pursuing three acquisitions in the over the-counter and functional food space overseas.
Wanbury has picked up a minority stake in Bravo Healthcare.
Eni UK to make open offer for 20% in HOEC.
Yes Bank is planning to raise up to Rs7bn through issuance of two crore fresh equity shares.
Emaar MGF is planning to spin off its hospitality business.
GM is likely to up its stake in its Chinese venture SAIC-GM-Wuling Automobile Co. to take on Nano.
Price of more than 7,000 drugs classified as ‘essential medicines’ is likely to fall post-Budget .
Budgetary support likely to jump 17%; railways, urban infrastructure and power may see cut in share.
One year extension of credit subvention is likely for leather, textile, marine and handicrafts sector, 2% export sop may stay.
Real estate developers constructing energy efficient buildings may get tax breaks.
Economic Front Page:
Indian tea production is likely to rise by 4.25% to ~980mn kg in 2008.
IRDA has changed the definition of infrastructure sector to align it with that of the RBI. This will lead to insurance funds flowing to the infrastructure space.
The global coffee production in the crop year 2006-07 increased by 14% to 125mn bags.
A decline in acreage and a spurt in global prices have pushed up edible oil rates by 10% in the last one month.
Over 81% of the overall planned private investments of US$104bn by India Inc in Q3 FY08 have gone into core, physical and service infrastructure.
The Government is likely to allow the float of sovereign debt paper to investors in overseas markets.
Japan Bank of International Cooperation (JBIC) has showed interest in giving development assistance loan to hydro-power projects in India.
Preparing for the goods and services tax regime from 2010, the government is likely to leave excise duty rates untouched in the budget.
OUR TRADING CALL OF MCS HIT 5% UPPER-FILTER $ MANY MORE
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
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US Market shall be effected by the result of Labor Market report and that shall also effect on Indian Market on Tuesday. Now things are on record for American market are in closed in red. And following the same trend major Asian Markets has opened in red which is going to effect Indian Market too.
If Asian markets continue in red till the opening of Indian markets it is possibility that Indian markets may open with a gap of 200 pts in negative.
For the day best support for the Indian sensitive index is 18434.00 /18202.00. And the best resistance is 19351.00.
Market closing above 5400 giving us a first sign of bullishness.on the down side Nifty first support exist at 5400 followed by 5330 and 5256.If by any chance we happen to break 5256 then a panic will be created which can lead nifty to 5064.
On the upside I see a strong resistance kept around 5560 which even we have mention yesterday and the nifty was unable to cross that.
If we happen to break 5560 and trade successfully there then next super hard resistance kept at 5690.
Trading strategy for today, Our market looks strong but for today every gain in market will be accompanied by profit booking. Market is expected to be range bound
Pick No 1 - Buy Hindustan lever (bse code 500696) cmp 211.9_ - Buy this Stock at the CMP around 210 - 212 with a stoploss below 208.4. Final target and stoploss will be updated to clients through SMS.
Pick No 2 - Buy Pidilite (BSE code 500331). Buy this stock at CMP of 182 with a stop loss below 177 for a good upmove. Final target and stop loss will be updated to clients through SMS
Indian Markets had a dream run in the last two days gaining nearly 1000 points. Reliance Communications lead the rally yesterday on the IPO news of the Tower company. We believe majority of the telecom companies are trying to unlock the share holder value by de-merging their towers business. Infrastructure and realty stocks was clearly yesterday's leaders in the market. We are not bullish on this space except for one or two stocks.
Hyderabad based IT company Prithvi Information solutions bagged a huge order worth Rs 309 crores. The company has tied up with China-based Huwei Technologies, to source the equipment. The stock recently witnessed fund buying.
Steel ministry is reported to be looking into the price hikes by many of the operators. IT Stocks, mentioned in our reviews from the last couple of days logged in good gains. Rolta jumped 23% yesterday on the rumours of a major defense order. We expect the Sensex to trade with in 100 point band on either side today. Midcaps and small caps might continue the upward journey
Stocks in news include Cadila Healthcare, Zylog Systems, SEL Manufacturing, GVK Power and many more
Cadila Healthcare enters into a 3 year deal with Karo Bio, a sweedish drug discovery and development company specializing in nuclear receptors.
State owned Bharat Petroleum Corporation Ltd (BPCL) is pursuing plans to set up a separate bio-diesel company.
Hyderabad based GVK Power & Infrastructure Ltd (GVKPIL) is planning to bid for airport projects in Europe and America. The company currently runs runs Mumbai’s Chhatrapati Shivaji International Airport
Information & Broadcasting (I&B) department has given nod for IPTV to Cable TV players.
Chennai based software solutions provider Zylog Systems has invested around Rs 65 crore to establish two offshore development centres in Chennai.
SEL Manufacturing limited, the buzzing company is planning to set up Rs 650-cr technical textile facility.
Prithvi Information Solutions bagged a Rs 309 cr order from government owned BSNL.
Chennai based Accel Transmatic has created a motion capture facility at Thiruvananthapuram and is now building an animation facility in Chennai, with an estimated cost of Rs 50 crore. The company currently holds orders worth Rs 85 crore and more in its pipeline.
MindTree Consulting Ltd has opened an office in the Dubai Airport Free Zone. This will enable the company to consolidate itself in West Asia.
Bangalore-based Sasken Communication Technologies Ltd, a global provider of software and support services is likely to acquire an R&D unit of Nokia in Germany.
Parsvnath Developers tied up with ITC arm to manage 50 Hotels across the country in next three to five years.
FIIs were net buyers of Rs1.64bn (provisional) in the cash segment on Monday. Domestic Institutions were also net buyers of Rs7.32bn. In the F&O segment, foreign funds were net buyers of Rs20.13bn.
News Snippets:
The decks have finally been cleared for the likes of Bharti Airtel and Reliance Communications to provide IPTV services.
Reliance Industries and GMDC are planning to set up a JV to undertake lignite gasification in Gujarat and Rajasthan.
ICICI Bank will share its home loan business with its 100% subsidiary, ICICI Home Finance Co. The bank plans to finance home loans only up to Rs2mn while home loans above Rs2mn would be provided by IHFC.
ONGC is planning to invite bids for its second wind power project in Karnataka. It will invest nearly Rs6bn in the first phase of its wind energy foray for generating nearly 15,000 mw of power.
Rashtriya Ispat Nigam has sought the acquisition of the Bird Group of companies, including Orissa Mining Development Corporation, to secure iron ore reserves.
Tata Steel has lost its bid to buy the rights to iron ore reserves in Liberia to Johannesburg-based Delta.
The Supreme Court has cancelled Jindal Steel’s proposed JV with the Industrial Development Corporation of Orissa for the exploration of chromium deposits.
GVK Power plans to set up a thermal power plant at Talwandi Sabo (1,800 mw) and another coal-based power plant near Rajpura (1,200 mw).
GVK Power plans to bid for airport projects in Europe and USA.
Hindustan Unilever plans to sell shrimps business in Kerala.
The TDSAT has stayed an order passed by TRAI asking telecom operator Tata Teleservices to refund the excess amount collected from customers.
Tata Teleservices and Virgin Group are aiming to launch Virgin Mobile in the first week of March.
Essar Shipping is raising ~US$1bn through a mix of equity and quasi-equity instruments.
Reliance Communications to offer lifetime connection for Rs199 against current charges of Rs649.
KEC International has formed a 50:50 JV with US-based Power Engineers and floated a new firm called KEC Power.
Voltas is likely to bag a large overseas order worth Rs6-8bn.
MRF’s Tiruvottiyur factory, which has been shut for a month now over a productivity dispute, will be reopened on Tuesday.
SEL Manufacturing Company has decided to foray into technical textiles and plans to invest Rs6.5bn in the project.
Page Industries plans to expand its manufacturing capacity by 30% to produce 74mn pieces per annum vs 57mn pieces.
Hindustan Copper has raised the provisional prices for February by 6.73% with immediate effect.
Lok Housing has proposed to issue 5mn convertible warrants on a preferential basis to three promoter entities at a conversion price of Rs354 per share.
Bank of Rajasthan has hiked interest rate on term deposits of some maturities.
Ceat will finalize its plans on setting up a greenfield truck-bus radial facility this month. The company has also increased prices.
Jindal Saw expects its infrastructure, transportation and fabrication (ITF) subsidiary to contribute around 50% of the company’s top line by 2012.
Koutons Retail India plans to foray into China by the end of this year.
Sasken Communication may buy Nokia’s R&D unit in Germany.
Cambridge Technology Solutions is evaluating two more potential candidates based in the US and expects to close one of them in February.
The Shyam Group of Industries plans to set up an integrated steel and power plant at Jamuria near Asansol in West Bengal for around Rs99bn.
Plethico Pharma is pursuing three acquisitions in the over the-counter and functional food space overseas.
Wanbury has picked up a minority stake in Bravo Healthcare.
Eni UK to make open offer for 20% in HOEC.
Yes Bank is planning to raise up to Rs7bn through issuance of two crore fresh equity shares.
Emaar MGF is planning to spin off its hospitality business.
GM is likely to up its stake in its Chinese venture SAIC-GM-Wuling Automobile Co. to take on Nano.
Price of more than 7,000 drugs classified as ‘essential medicines’ is likely to fall post-Budget .
Budgetary support likely to jump 17%; railways, urban infrastructure and power may see cut in share.
One year extension of credit subvention is likely for leather, textile, marine and handicrafts sector, 2% export sop may stay.
Real estate developers constructing energy efficient buildings may get tax breaks.
Economic Front Page:
Indian tea production is likely to rise by 4.25% to ~980mn kg in 2008.
IRDA has changed the definition of infrastructure sector to align it with that of the RBI. This will lead to insurance funds flowing to the infrastructure space.
The global coffee production in the crop year 2006-07 increased by 14% to 125mn bags.
A decline in acreage and a spurt in global prices have pushed up edible oil rates by 10% in the last one month.
Over 81% of the overall planned private investments of US$104bn by India Inc in Q3 FY08 have gone into core, physical and service infrastructure.
The Government is likely to allow the float of sovereign debt paper to investors in overseas markets.
Japan Bank of International Cooperation (JBIC) has showed interest in giving development assistance loan to hydro-power projects in India.
Preparing for the goods and services tax regime from 2010, the government is likely to leave excise duty rates untouched in the budget.
Monday, February 4, 2008
POWER , OIL AND ANIL STOCK TO SEE ACTION
HOTPICKS - Hind oil, Hpcl, sterlite
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 will open gap up around 5400-5450
If we happen to cross this level of 5550 - 5570 successfully then we can look for 5650
On the downside I see a minor support at 5300 followed by 5260.which can be broken which can lead us to 5135 where I see strong support.
Trading Strategy --- Market looks good but keep following a stop loss
Pick No 1 - Buy Core Project (bse code 512199) - Stock is currently trading at 244.25 looks good buy at this level. But it is advised only to buy this only if market is in positive trend. Final stop loss and Target only to clients
Pick No 2 - Buy ITC Ltd. Stock is currently trading at 204. looks good buy at this level. Stop loss should be placed at 200 and if you are risky trader then place it at 196. Stock has closed above the breakout level. This breakout is supported by RSI. Final stop loss and Target only to clients
For Weekly Traders. )
Rolta India Ltd. ( CMP: 252.20 )
By taking a good support at 220.00 level this counter showed a good moment and their was increase in its volume with its valuation. This counter is looking is good for this week and momentum traders may tread in this counter by keeping a target of 274.00
Tata Steel Ltd. ( CMP: 776.45 )
In spite of weakness in metal sector it seems some increase in STEEL. Its main reason is global demand. In coming time this sector shall have positive effect by global demand and its positive effect shall also be on Tata Steel Ltd. Technical Charts is showing strong ness for this weak and weakly traders may tread in this counter by keeping a target of 810.00.
GMR Infrastructure Ltd. ( CMP: 175.35 )
For the last one month this counter is going southward and now there seems some consolidations in this counter and is about to take upper movement in this weak moment traders may tread in this counter by keeping a target of 191.00.
Kirloskar Electric Company Ltd ( CMP: 250.10 )
The way in which there was increase in its volume last Friday that has changed its charts position positive trend though their was weakness in the chart of this counter prior to last Friday, now the chart of this counter is showing its bull position. Moment traders may tread in this counter by keeping a target of 272.00 for this weak.
In an interesting development Reliance ADAG is planning for an IPO from Reliance Telecom Infrastructure soon. Recently Reliance Power mopped up huge subscription money from the public. It appears the group is trying to cash in on the "Reliance" name more than the real developments.
Internet stocks are likely to find flavour soon and there are lot of reasons attributed for the same. Rediff and Sify will soon hit the primary markets due to Indian government regulations for ADR listed Indian companies to have a presence in domestic bourses. The valuations of these two IPO's are likely to be keenly watched by the market players.
We do not expect any problem to bulls today and we are far away from the BSE Sensex resistance level of 19,240. IT stocks logged in strong gains minutes before Microsoft's bid for yahoo. We are highly likely to witness a renewed interest in IT stocks.
Liquidity needs to improve before confidence is restored in the common investor. Reliance Power refund money is likely to improve the same. Pre-budget rally which was missing last year is likely to kick start soon. Keep watching this space soon for updates on sectors and stocks which are likely to benefit from the Budget.
Stock in Newss
Dishman Pharma, Puravankara Projects, Cummins India, GMR Infra,Reliance Tower, City Union Bank and many more
Wipro is likely to foray into defence domain soon.
Koutons Retail is likely to venture into Middle East
Dishman Pharma is looking out for acquisitions in Europe
Reliance Towers, a Rel com company demerged last year is likely to plan IPO to raise Rs 6,000 crores
Span Diagnostics Ltd has received a prestigious order of Rs 6.27 crores from United Nations Office for Project Services for supply of HIV (Rapid) Kits.
GMR Infrastructure Ltd has acquired state of the art runway de-rubberizing equipment, called the TrackJet.
Cummins India Limited Q3 net profit increased by 17%, company declares interim dividend of 100%
City Union Bank registers 83% rise in Q3 net profit.
Evinix Accessories likely to jump into the retail bandwagon soon.
Major PE funds is likely to invest Rs 2,000 cr in Puravankara Projects
Essar Oil to raise $2 billion for future expansion
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 will open gap up around 5400-5450
If we happen to cross this level of 5550 - 5570 successfully then we can look for 5650
On the downside I see a minor support at 5300 followed by 5260.which can be broken which can lead us to 5135 where I see strong support.
Trading Strategy --- Market looks good but keep following a stop loss
Pick No 1 - Buy Core Project (bse code 512199) - Stock is currently trading at 244.25 looks good buy at this level. But it is advised only to buy this only if market is in positive trend. Final stop loss and Target only to clients
Pick No 2 - Buy ITC Ltd. Stock is currently trading at 204. looks good buy at this level. Stop loss should be placed at 200 and if you are risky trader then place it at 196. Stock has closed above the breakout level. This breakout is supported by RSI. Final stop loss and Target only to clients
For Weekly Traders. )
Rolta India Ltd. ( CMP: 252.20 )
By taking a good support at 220.00 level this counter showed a good moment and their was increase in its volume with its valuation. This counter is looking is good for this week and momentum traders may tread in this counter by keeping a target of 274.00
Tata Steel Ltd. ( CMP: 776.45 )
In spite of weakness in metal sector it seems some increase in STEEL. Its main reason is global demand. In coming time this sector shall have positive effect by global demand and its positive effect shall also be on Tata Steel Ltd. Technical Charts is showing strong ness for this weak and weakly traders may tread in this counter by keeping a target of 810.00.
GMR Infrastructure Ltd. ( CMP: 175.35 )
For the last one month this counter is going southward and now there seems some consolidations in this counter and is about to take upper movement in this weak moment traders may tread in this counter by keeping a target of 191.00.
Kirloskar Electric Company Ltd ( CMP: 250.10 )
The way in which there was increase in its volume last Friday that has changed its charts position positive trend though their was weakness in the chart of this counter prior to last Friday, now the chart of this counter is showing its bull position. Moment traders may tread in this counter by keeping a target of 272.00 for this weak.
In an interesting development Reliance ADAG is planning for an IPO from Reliance Telecom Infrastructure soon. Recently Reliance Power mopped up huge subscription money from the public. It appears the group is trying to cash in on the "Reliance" name more than the real developments.
Internet stocks are likely to find flavour soon and there are lot of reasons attributed for the same. Rediff and Sify will soon hit the primary markets due to Indian government regulations for ADR listed Indian companies to have a presence in domestic bourses. The valuations of these two IPO's are likely to be keenly watched by the market players.
We do not expect any problem to bulls today and we are far away from the BSE Sensex resistance level of 19,240. IT stocks logged in strong gains minutes before Microsoft's bid for yahoo. We are highly likely to witness a renewed interest in IT stocks.
Liquidity needs to improve before confidence is restored in the common investor. Reliance Power refund money is likely to improve the same. Pre-budget rally which was missing last year is likely to kick start soon. Keep watching this space soon for updates on sectors and stocks which are likely to benefit from the Budget.
Stock in Newss
Dishman Pharma, Puravankara Projects, Cummins India, GMR Infra,Reliance Tower, City Union Bank and many more
Wipro is likely to foray into defence domain soon.
Koutons Retail is likely to venture into Middle East
Dishman Pharma is looking out for acquisitions in Europe
Reliance Towers, a Rel com company demerged last year is likely to plan IPO to raise Rs 6,000 crores
Span Diagnostics Ltd has received a prestigious order of Rs 6.27 crores from United Nations Office for Project Services for supply of HIV (Rapid) Kits.
GMR Infrastructure Ltd has acquired state of the art runway de-rubberizing equipment, called the TrackJet.
Cummins India Limited Q3 net profit increased by 17%, company declares interim dividend of 100%
City Union Bank registers 83% rise in Q3 net profit.
Evinix Accessories likely to jump into the retail bandwagon soon.
Major PE funds is likely to invest Rs 2,000 cr in Puravankara Projects
Essar Oil to raise $2 billion for future expansion
Saturday, February 2, 2008
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