Today's Pick - HEG
We recommend a buy in HEG from a short-term perspective. Referring to the chart of HEG, we see that the stock had been on a medium-term downtrend from its January 2008 high of Rs 609 to its March low of Rs 216.
However, the stock found support at around Rs 240 level in late March (coincides July 2007 peak) and commenced to move up. Subsequently, the stock breached the medium-term down trendline and then the 21-day moving average.
We notice that there is an increase in volume in the last three trading days. Moreover, the long-term uptrend of the stock, which began in June 2006, is still in place. The stock appears to have resumed the long-term uptrend. The daily momentum indicator is on the verge of entering the bullish zone from the neutral region. The moving average convergence and divergence is also likely to enter into the positive territory. We are bullish on the stock from a short-term point of view. We expect the stock to move up to our price target of Rs 335 in the short-term. Investors with short-term perspective can buy the stock, while keeping the stop-loss at Rs 275
Larsen & Turbo and the Tamil Nadu Government have entered into an agreement to set up a Rs 3,068-crore integrated ship building and port facility to the north of Chennai.
Nicholas Piramal India on Tuesday, 15 April 2008 said it has signed a definitive agreement with Khandelwal Laboratories for purchase of Anafortan and CEFI Brand Groups of the latter for Rs 116 crore.
Tata Group is reportedly eyeing a partnership with Brazilian aircraft maker Embraer. According to reports, the talks were on with the Brazilian aircraft manufacturer for starting a joint venture for production of aircraft, as Embraer, the world's third largest plane manufacturer, was unable to cope with the orders that it was getting from various countries and private players.
Global energy major Shell may reportedly bid for acquiring 30% stake in Reliance Industries' discovered gas block in the Krishna-Godavari basin. Shell's bid could be around $6.7 billion, the reports added.
Net profit of Reliance Industrial Infrastructure rose 52.37% to Rs 6.43 crore on 38.61% rise in sales to Rs 18.92 crore in Q4 March 2008 over Q4 March 2007.
Net profit of Rallis India rose 115.44% to Rs 125.19 crore on 7.64% rise in sales to Rs 692.15 crore in Q4 March 2008 Q4 March 2007.
Power Finance Corporation, NDTV, Merck, BASF India and Petronet LNG among others will declare their March 2008 ended results today.
The market may open higher today, 16 April 2008, extending yesterday’s rally, which was led by IT bellwether Infosys Technologies. Asian markets were trading higher today, 16 April 2008. US markets settled with decent gains yesterday, 15 April 2008.
Power Finance Corporation, Reliance Petroleum, Mindtree Consulting and Petronet Lng among others will declare their March quarterly results today.
Asian markets were trading higher today, 16 April 2008. Japan's Nikkei (up 1.42% at 13,174.62), Hong Kong's Hang Seng (up 0.84% at 24,102.72), Taiwan's Taiwan Weighted (up 0.76% at 8,992.41), Singapore's Straits Times (up 1.32% at 3,096.97) and South Korea's Seoul Composite (up 0.90% at 1,757.80) edged higher.
US markets logged gains on Tuesday, 15 April 2008, following better-than-forecast earnings at regional banks and record prices for oil and gasoline. The gain was led by financial and energy shares. The Dow Jones industrial average gained 60 points to close at 12,362. The Nasdaq gained 10 points at 2,286, while the S&P 500 index rose 6 points to 1,334.
Back home, the battered stock market found rebounded yesterday, 15 April 2008, triggered by IT bellwether Infosys Technologies' good future outlook. The 30-share BSE Sensex rose 346.02 points or 2.19% at 16,153.66 and the S&P CNX Nifty was up 101.85 points or 2.13% at 4879.65 on that day.
Sensex has gained 1344.17 points or 9.07% from a low of 14,809.49 on 17 March 2008. It is off 5,053.11 points or 23.82% from a record high of 21206.77 hit on 10 January 2008.
As per provisional data, foreign funds sold shares worth a net Rs 56.52 crore on Tuesday, 15 April 2008. Domestic funds purchased shares worth a net Rs 13.27 crore on that day.
FIIs were net sellers of Rs 795.13 crore in the futures & options segment on Tuesday, 15 April 2008. They were net sellers of index futures to the tune of Rs 738.58 crore and bought index options worth Rs 302.18 crore. They were net sellers of stock futures to the tune of Rs 361.57 crore and bought stock options worth Rs 2.84 crore.
Crude oil prices slipped today, 16 April 2008, after the US dollar rose on surprisingly robust US economic data. US light crude fell 28 cents to $113.51 a barrel, off Tuesday's record high of $114.08. London Brent crude fell 38 cents to $111.20 a barrel.
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Wednesday, April 16, 2008
Friday, April 11, 2008
WE WILL SEE GAP UP AS SAID YESTERDAY
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Thursday, April 10, 2008
Market may remain range bound
Everything Spurt Like Rocket
YESTERDAY all are calls rocked long as well as short
OUR TRADING CALL OF ONMOBILE FLARED EXACTLY AS PER OUR PREDICTION, AND HIT EXACTLY 609 , OUR TARGET WAS 608 , WE HOPE U ENJOYED.
* OUR TRADING CALL OF MOSER BAER ALSO FLARED AND COMPLETES IT'S DAY TARGET OF 170 , 173, WE HOPE U ENJOYED.
* OUR TRADING CALL OF TULSI , ALSO FLARED AND HIT 88.50 MARK.
* OUR TRADING CALL OF SKUMAR NATIONWIDE , FLARED UPTO 105.40 MARK.
* OUR TRADING CALL OF YES BANK, FLARED UPTO 172 MARK.
* OUR CLIENT'S SPECIAL CALL OF BHEL, FLARED LIKE ANYTHING AND HIT 1786 MARK. IT'S WAS OUR BTST CALL , CALL SENT AROUND 1715 LEVEL ON TUESDAY.
SHORT ORCHID FELL UPTO 211 FROM 240
FOR TODAY
BUY NIIT TECH, COMPETENT AUTO,POLARIS,BOI
The market range is getting narrower which is a good sign and stop losses are getting smaller, The level to watch now is 4628 for the Nifty which is a strong support, If Nifty can breakout of 4820-4840 and Sensex at 16010-1050, then we can see new highs of 5000 on Nifty and 17100 on Sensex
Its the same thing which is still repeating in the markets what has been going on and
the expectation of a range bound market still continues. Three days in this week have passed and we have seen red and green on alternate days and that shows the undecidedness of any proper trend.
At a time when there has been uncertainty about outlook on corporate earnings, forecast-beating results of private sector bank Yes Bank announced during trading hours lifted the market on Wednesday, 9 April 2008. Yes Bank also said it had no delinquent derivatives exposures. Fears that banks may take a hit in their balance sheet because of foreign exchange derivative losses have triggered a steep fall in banking shares over the past few weeks. Yes Bank results helped reduce the fear.
Concerns about corporate and bank earnings heightened after recent disclosures from ICICI Bank, India’s biggest private sector bank in terms of net profit and Larsen & Toubro, India’s biggest engineering & construction firm by revenue. On 4 March 2008, ICICI Bank said it had provided $70 million in Q3 December 2007 and may have to provide another $50 million in Q4 March 2008 for mark-to-market losses on investments. A few days later L&T said one of its subsidiaries L&T International FZE, may incur commodity-hedging-losses of as much as Rs 200 crore in the year ended March 2008.
What added to the gloom regarding corporate earnings was lower-than-expected provisional results announced by Bharat Heavy Electrical (Bhel), India’s biggest power equipment firm by revenue, recently. Slower than expected execution rate and project specific delays could be the reasons for the lower-than-expected growth in the top line of Bhel.
Recent government action to rein in inflation has also added to uncertainty about outlook on corporate profits. The government has scrapped import duty on crude edible oil and banned the export of rice and pulses. It also surged steelmakers to cut prices of the alloy.
Asian stocks were mixed today. Key benchmark indices in Hong Kong, Taiwan and South Korea were up by between 0.04% to 1.3%. Key benchmark indices in China, Japan and Singapore were down by between 0.2% to 0.9%.
YESTERDAY all are calls rocked long as well as short
OUR TRADING CALL OF ONMOBILE FLARED EXACTLY AS PER OUR PREDICTION, AND HIT EXACTLY 609 , OUR TARGET WAS 608 , WE HOPE U ENJOYED.
* OUR TRADING CALL OF MOSER BAER ALSO FLARED AND COMPLETES IT'S DAY TARGET OF 170 , 173, WE HOPE U ENJOYED.
* OUR TRADING CALL OF TULSI , ALSO FLARED AND HIT 88.50 MARK.
* OUR TRADING CALL OF SKUMAR NATIONWIDE , FLARED UPTO 105.40 MARK.
* OUR TRADING CALL OF YES BANK, FLARED UPTO 172 MARK.
* OUR CLIENT'S SPECIAL CALL OF BHEL, FLARED LIKE ANYTHING AND HIT 1786 MARK. IT'S WAS OUR BTST CALL , CALL SENT AROUND 1715 LEVEL ON TUESDAY.
SHORT ORCHID FELL UPTO 211 FROM 240
FOR TODAY
BUY NIIT TECH, COMPETENT AUTO,POLARIS,BOI
The market range is getting narrower which is a good sign and stop losses are getting smaller, The level to watch now is 4628 for the Nifty which is a strong support, If Nifty can breakout of 4820-4840 and Sensex at 16010-1050, then we can see new highs of 5000 on Nifty and 17100 on Sensex
Its the same thing which is still repeating in the markets what has been going on and
the expectation of a range bound market still continues. Three days in this week have passed and we have seen red and green on alternate days and that shows the undecidedness of any proper trend.
At a time when there has been uncertainty about outlook on corporate earnings, forecast-beating results of private sector bank Yes Bank announced during trading hours lifted the market on Wednesday, 9 April 2008. Yes Bank also said it had no delinquent derivatives exposures. Fears that banks may take a hit in their balance sheet because of foreign exchange derivative losses have triggered a steep fall in banking shares over the past few weeks. Yes Bank results helped reduce the fear.
Concerns about corporate and bank earnings heightened after recent disclosures from ICICI Bank, India’s biggest private sector bank in terms of net profit and Larsen & Toubro, India’s biggest engineering & construction firm by revenue. On 4 March 2008, ICICI Bank said it had provided $70 million in Q3 December 2007 and may have to provide another $50 million in Q4 March 2008 for mark-to-market losses on investments. A few days later L&T said one of its subsidiaries L&T International FZE, may incur commodity-hedging-losses of as much as Rs 200 crore in the year ended March 2008.
What added to the gloom regarding corporate earnings was lower-than-expected provisional results announced by Bharat Heavy Electrical (Bhel), India’s biggest power equipment firm by revenue, recently. Slower than expected execution rate and project specific delays could be the reasons for the lower-than-expected growth in the top line of Bhel.
Recent government action to rein in inflation has also added to uncertainty about outlook on corporate profits. The government has scrapped import duty on crude edible oil and banned the export of rice and pulses. It also surged steelmakers to cut prices of the alloy.
Asian stocks were mixed today. Key benchmark indices in Hong Kong, Taiwan and South Korea were up by between 0.04% to 1.3%. Key benchmark indices in China, Japan and Singapore were down by between 0.2% to 0.9%.
Wednesday, April 9, 2008
Reliance capital to see action
Nifty big support at 4600 buy with this sl for target 4750
Stock on radar- Tulsi,Onmobile,Skumar,Yes bank,Renuka
Fertilizer Stock to move
Bindas short Orchid chemical in lots
To know more Subscribe
State Bank of India has reportedly shortlisted three potential partners, including Insurance Australia Group, for a general insurance venture. The other two are a German firm and a US-based firm, the reports suggested.
GTL Infrastructure is reportedly in talks with Essar Telecom Infrastructure for a possible merger. A final decision is expected in about 3 to 4 weeks time, the reports said.
Yes Bank, Honeywell Automation and Mastek among others will declare their March 2008 ended quarterly results today.
Hindustan Unilever (HUL) has reportedly cut prices of three of its soap brands—Lux, Hamam and Rexona. The price reduction by HUL is being termed as a post-budget measure to please consumers, the reports added. The excise duty on soaps was reduced by a margin of 2-14% in the union budget for 2008-09.
Areva T&D India on Tuesday, 8 April 2008 said it has secured a Rs 418 crore from Essar Constructions to provide equipment to the latter's power plant projects in Gujarat and Madhya Pradesh.
Britannia is reportedly expected to sell its 22-acre property in Padi, an old manufacturing hub north of Chennai. This follows the suspension of operations at the company’s plant located in the region. The company informed the Bombay Stock Exchange (BSE) on Tuesday that it has suspended operations effective 7 April 2008 at its Padi unit after the majority of workers accepted the company’s voluntary retirement scheme offer.
Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs.
A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there. Infosys unveils Q4 results on Tuesday, 15 April 2008.
Prospects of further outflow by foreign funds to offset losses incurred by them in the US sub-prime mortgage market continue to weight on the market sentiment. In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore (till 4 April 2008), to offset their huge losses in the US sub-prime mortgage market. As per provisional data, FIIs bought shares worth a net Rs 7.27 crore on Tuesday, 8 April 2008.
As far as domestic liquidity is concerned, inflows to equity mutual funds and unit linked insurance plans (with high weightage for equity) have slowed after the sharp setback on the bourses in the past two months. As per provisional data, domestic funds bought shares worth a net Rs 447.79 crore on Tuesday, 8 April 2008.
Stock on radar- Tulsi,Onmobile,Skumar,Yes bank,Renuka
Fertilizer Stock to move
Bindas short Orchid chemical in lots
To know more Subscribe
State Bank of India has reportedly shortlisted three potential partners, including Insurance Australia Group, for a general insurance venture. The other two are a German firm and a US-based firm, the reports suggested.
GTL Infrastructure is reportedly in talks with Essar Telecom Infrastructure for a possible merger. A final decision is expected in about 3 to 4 weeks time, the reports said.
Yes Bank, Honeywell Automation and Mastek among others will declare their March 2008 ended quarterly results today.
Hindustan Unilever (HUL) has reportedly cut prices of three of its soap brands—Lux, Hamam and Rexona. The price reduction by HUL is being termed as a post-budget measure to please consumers, the reports added. The excise duty on soaps was reduced by a margin of 2-14% in the union budget for 2008-09.
Areva T&D India on Tuesday, 8 April 2008 said it has secured a Rs 418 crore from Essar Constructions to provide equipment to the latter's power plant projects in Gujarat and Madhya Pradesh.
Britannia is reportedly expected to sell its 22-acre property in Padi, an old manufacturing hub north of Chennai. This follows the suspension of operations at the company’s plant located in the region. The company informed the Bombay Stock Exchange (BSE) on Tuesday that it has suspended operations effective 7 April 2008 at its Padi unit after the majority of workers accepted the company’s voluntary retirement scheme offer.
Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs.
A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there. Infosys unveils Q4 results on Tuesday, 15 April 2008.
Prospects of further outflow by foreign funds to offset losses incurred by them in the US sub-prime mortgage market continue to weight on the market sentiment. In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore (till 4 April 2008), to offset their huge losses in the US sub-prime mortgage market. As per provisional data, FIIs bought shares worth a net Rs 7.27 crore on Tuesday, 8 April 2008.
As far as domestic liquidity is concerned, inflows to equity mutual funds and unit linked insurance plans (with high weightage for equity) have slowed after the sharp setback on the bourses in the past two months. As per provisional data, domestic funds bought shares worth a net Rs 447.79 crore on Tuesday, 8 April 2008.
Tuesday, April 8, 2008
Markets are likely to trade range bound
Buy Hindustan Oil at Rs.130/128, with a stop of Rs.125. The scrip is headed for Rs.139. The key level is Rs.134.50.
Stock market - Keep eyes on India Bulls securities, Essar oil, Rel capital
Ranbaxy group company is reported to have bought 8% stake of Orchid Chemicals recently which is about half of present promoters stake of 16%. Is Orchid Chem a take-over target?
NIFTY did hold on today’s session. Now more shorts to cover if NIFTY holds 4800 level in next sessions though many traders said that today’s movement wasn’t healthy. FIIs were net buyer. Now let’s see how next sessions will spans out
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Reliance Industries may see action
Consortium of Reliance Industries (RIL) has reportedly discovered oil in Yemen. The discovery in Block 9 in Qarn Qaymah 2 well is considered to be significant, and RIL is in process of evaluating the viability.
Solrex Pharmaceutical, which reportedly belongs to Ranbaxy Group, has acquired 9.54% stake in the Chennai-based Orchid Chemicals & Pharmaceuticals. Solrex Pharmaceutical bought 9.72 lakh shares of Orchid Chemicals at Rs 196.13 each, as per the latest data on the BSE.
Bharat Forge has reportedly acquired 89% stake in French forgings company Groupe Sifcor (Society of Industrial and Financial Courcelles). The acquisition will give Bharat Forge an entry into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault, the reports suggested.
IOL Chemicals & Pharmaceuticals has reportedly decided to sell 5% stake to private-equity funds to raise some Rs 80 crore. The company has already begun talks with four overseas private-equity funds based in Singapore and the US, the reports suggested.
The board of Linc Pen & Plastics at the meeting held on 7 April 2008 approved the proposed merger of Shree Writing Aids into the company.
State-run refiners Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation may see action after US crude futures traded around $109 a barrel
At home, the next major trigger for the market is Q4 March 2008 results of India Inc. Analysts will be closely watching what the company managements have to say about the outlook for the year ending March 2009 (FY 2009). Analysts will also scrutinize disclosures that companies may make regarding foreign exchange derivatives products that they have bought on the advice of their bankers. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt.
As regards Q4 March 2008 results, Morgan Stanley expects 23% growth in net earnings of 104 out of 108 firms in its Indian coverage universe in Q4 March 2008 over Q4 March 2007.
Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs.
A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there.
Sensex jumped 413.96 points or 2.7% at 15,757.08 on Monday, 7 April 2008, on positive cues from the Asian markets.
As per provisional data, foreign funds bought shares worth a net Rs 346.04 crore on Monday, 7 April 2008. Domestic funds bought shares worth a net Rs 245.93 crore on that day.
Foreign institutional investors (FIIs) were net buyers of Rs 413.84 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 293.33 crore and bought index options worth Rs 102.55 crore. They were net buyers of stock futures to the tune of Rs 18.17 crore and sold stock options worth Rs 0.21 crore.
In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore, to offset their huge losses in the US sub-prime mortgage market.
Stock market - Keep eyes on India Bulls securities, Essar oil, Rel capital
Ranbaxy group company is reported to have bought 8% stake of Orchid Chemicals recently which is about half of present promoters stake of 16%. Is Orchid Chem a take-over target?
NIFTY did hold on today’s session. Now more shorts to cover if NIFTY holds 4800 level in next sessions though many traders said that today’s movement wasn’t healthy. FIIs were net buyer. Now let’s see how next sessions will spans out
For more subscribe and let online calls on mobile and messenger
Reliance Industries may see action
Consortium of Reliance Industries (RIL) has reportedly discovered oil in Yemen. The discovery in Block 9 in Qarn Qaymah 2 well is considered to be significant, and RIL is in process of evaluating the viability.
Solrex Pharmaceutical, which reportedly belongs to Ranbaxy Group, has acquired 9.54% stake in the Chennai-based Orchid Chemicals & Pharmaceuticals. Solrex Pharmaceutical bought 9.72 lakh shares of Orchid Chemicals at Rs 196.13 each, as per the latest data on the BSE.
Bharat Forge has reportedly acquired 89% stake in French forgings company Groupe Sifcor (Society of Industrial and Financial Courcelles). The acquisition will give Bharat Forge an entry into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault, the reports suggested.
IOL Chemicals & Pharmaceuticals has reportedly decided to sell 5% stake to private-equity funds to raise some Rs 80 crore. The company has already begun talks with four overseas private-equity funds based in Singapore and the US, the reports suggested.
The board of Linc Pen & Plastics at the meeting held on 7 April 2008 approved the proposed merger of Shree Writing Aids into the company.
State-run refiners Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation may see action after US crude futures traded around $109 a barrel
At home, the next major trigger for the market is Q4 March 2008 results of India Inc. Analysts will be closely watching what the company managements have to say about the outlook for the year ending March 2009 (FY 2009). Analysts will also scrutinize disclosures that companies may make regarding foreign exchange derivatives products that they have bought on the advice of their bankers. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt.
As regards Q4 March 2008 results, Morgan Stanley expects 23% growth in net earnings of 104 out of 108 firms in its Indian coverage universe in Q4 March 2008 over Q4 March 2007.
Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs.
A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there.
Sensex jumped 413.96 points or 2.7% at 15,757.08 on Monday, 7 April 2008, on positive cues from the Asian markets.
As per provisional data, foreign funds bought shares worth a net Rs 346.04 crore on Monday, 7 April 2008. Domestic funds bought shares worth a net Rs 245.93 crore on that day.
Foreign institutional investors (FIIs) were net buyers of Rs 413.84 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 293.33 crore and bought index options worth Rs 102.55 crore. They were net buyers of stock futures to the tune of Rs 18.17 crore and sold stock options worth Rs 0.21 crore.
In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore, to offset their huge losses in the US sub-prime mortgage market.
Monday, April 7, 2008
Friday, April 4, 2008
Market may remain lackluster
1300 points corrections up or down ??
Sell Yes bank with stop loss 165 target Rs 135
For more log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Sell Yes bank with stop loss 165 target Rs 135
For more log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
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