We expect a positive opening. What is not certain is whether the gains can be extended further. Fresh bad news can hit the markets anytime and reverse most of the gains.
One Can buy Banks like Kotak,icici,Banknifty
Today's Pick - GSK Pharma
We recommend a buy in GlaxoSmithKline Pharmaceuticals from a short-term horizon. It is clearly visible from the charts of GlaxoSmithKline Pharmaceuticals that it was on a long-term down trend from its April 2006 high of Rs 1,553 to its January 2008 low of Rs 704. However, the stock reversed direction in January and has been on a steady uptrend since then. We notice an inverse complex head and shoulders pattern, spanning over the past nine months with neckline at Rs 1,150. On July 8, the stock decisively broke out of the neckline by surging more than 3 per cent, accompanied with above 2 week average volume. The stock is trading well above its 21 and 50-day moving averages. The daily and weekly momentum indicators are featuring in the bullish zone. The daily moving average convergence and divergence (MACD) is featuring in the positive territory and the weekly MACD has entered this territory. Besides, the up trendline of the stock is intact. Our short-term forecast for the stock is bullish and we expect it to rally until it hits our price target of Rs 1,300 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 1,125
Results today:
Bajaj Auto Finance, Bajaj Finserv and Prithvi Information
New Listing:
TTT Rohan Mehta: New Listing:
Chakkilam Infotech; no circuit filter today ((currently listed on Bangalore SE))
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
Wednesday, July 9, 2008
Tuesday, July 8, 2008
Bulls feel Left out!
Sell Rcom,reliance,sterlite as much as u can in truck loads n timely book profit
Today, Nifty has support at 3,848 and resistance at 4,096 and BSE Sensex has support at 13,072 and resistance at 13,764
The Left parties are likely to announce withdrawal of their support today. While this may be factored in, future events on the political front need to be watched.
IT sector may hog the limelight as Infosys will declare its results on Friday and others will follow suit next week
Banks may be in focus today amid reports of SBI suffering big MTM loss. Reliance counters of course may continue to attract attention amid the ongoing row over MTN deal.
SpiceJet will be in action again amid reports that it has apparently spurned Vijay Mallya's buyout offer and will instead go for private placement with billionaire US investor Wilbur Ross
Shares of First Winner Industries Ltd. will be listed today.
Today's Pick - Sterlite Industries
We recommend a sell in Sterlite Industries India from a short-term perspective. It is evident from the charts of Sterlite Industries India that it has been on a long-term downtrend from its all-time high of Rs 1,140 (recorded in early December 2007). In early June 2008, the stock declined breaching the 50 and 200-day moving averages. Moreover, in the recent times, the stock tested the key support level Rs 700 and broke out by tumbling almost 8 per cent on July 3 with good volume. The daily and weekly relative strength indices are featuring in the bearish zone. In line with the stock price, the moving average convergence and divergence (MACD) is also declining in the negative territory. The medium-term down trend of the stock that commenced from Rs 950 level is intact. We are bearish on the stock in the short-term. We expect the stock’s decline to continue until it hits our price target of Rs 565 in the approaching trading sessions. Traders with short-term perspective can sell the stock while maintaining stop-loss at Rs 653.
Economic Front Page
Pharma companies have approached government seeking a review of prices control on key brand. (ET)
Shipping Industry has asked the finance ministry to reduce service tax and FBT. (ET)
New Port SEZ norms to be floated soon. (ET)
The Government plans regulator for tea industry. (FE)
The textile ministry plans not to impose ban on cotton export.(FE)
The Government to curb export of fertiliser raw materials like sulphuric acid, phosphoric acid, rubber and cotton. (BS)
Cotton import duty to be cut from 14% to nil. (BS)
The Government has approved allocation of 23 coking and non-coking coal blocks to leading steel, cement and power producers.
Today, Nifty has support at 3,848 and resistance at 4,096 and BSE Sensex has support at 13,072 and resistance at 13,764
The Left parties are likely to announce withdrawal of their support today. While this may be factored in, future events on the political front need to be watched.
IT sector may hog the limelight as Infosys will declare its results on Friday and others will follow suit next week
Banks may be in focus today amid reports of SBI suffering big MTM loss. Reliance counters of course may continue to attract attention amid the ongoing row over MTN deal.
SpiceJet will be in action again amid reports that it has apparently spurned Vijay Mallya's buyout offer and will instead go for private placement with billionaire US investor Wilbur Ross
Shares of First Winner Industries Ltd. will be listed today.
Today's Pick - Sterlite Industries
We recommend a sell in Sterlite Industries India from a short-term perspective. It is evident from the charts of Sterlite Industries India that it has been on a long-term downtrend from its all-time high of Rs 1,140 (recorded in early December 2007). In early June 2008, the stock declined breaching the 50 and 200-day moving averages. Moreover, in the recent times, the stock tested the key support level Rs 700 and broke out by tumbling almost 8 per cent on July 3 with good volume. The daily and weekly relative strength indices are featuring in the bearish zone. In line with the stock price, the moving average convergence and divergence (MACD) is also declining in the negative territory. The medium-term down trend of the stock that commenced from Rs 950 level is intact. We are bearish on the stock in the short-term. We expect the stock’s decline to continue until it hits our price target of Rs 565 in the approaching trading sessions. Traders with short-term perspective can sell the stock while maintaining stop-loss at Rs 653.
Economic Front Page
Pharma companies have approached government seeking a review of prices control on key brand. (ET)
Shipping Industry has asked the finance ministry to reduce service tax and FBT. (ET)
New Port SEZ norms to be floated soon. (ET)
The Government plans regulator for tea industry. (FE)
The textile ministry plans not to impose ban on cotton export.(FE)
The Government to curb export of fertiliser raw materials like sulphuric acid, phosphoric acid, rubber and cotton. (BS)
Cotton import duty to be cut from 14% to nil. (BS)
The Government has approved allocation of 23 coking and non-coking coal blocks to leading steel, cement and power producers.
Monday, July 7, 2008
Market may remain volatile
Today, Nifty has support at 3,942 and resistance at 4,111 and BSE Sensex has support at 13,214 and resistance at 13,748.
L&T can be bought at the current level and decline upto Rs.2,365 with a stop of Rs.2,346. The key level is Rs.2,414 above which it will touch Rs.2,444 .. Rs.2,469 .. Rs.2,483
Sugar might see some more action on firming global prices and also short fall of Sugarcane crop in Pakistan.
IT as sector at this point of time. No doubt the Q1 numbers that will come out of Infy boardroom will be positive and the profits will be better than expected, boosted by currency gains
BUY IT,Sugar n Fertilizer stock
Buy Rpower only if n- deal rumours comes
L&T can be bought at the current level and decline upto Rs.2,365 with a stop of Rs.2,346. The key level is Rs.2,414 above which it will touch Rs.2,444 .. Rs.2,469 .. Rs.2,483
Sugar might see some more action on firming global prices and also short fall of Sugarcane crop in Pakistan.
IT as sector at this point of time. No doubt the Q1 numbers that will come out of Infy boardroom will be positive and the profits will be better than expected, boosted by currency gains
BUY IT,Sugar n Fertilizer stock
Buy Rpower only if n- deal rumours comes
Friday, July 4, 2008
Can see Positive closing?????????????
Inflation expected to 11.88 to 11.96 % for the week .
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For more Pre market calls visit
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Subscribe now n get benefited
Scheme Starts from Rs 1750/- onwards
Thursday, July 3, 2008
we expect the main indices to soften a little bit
Nifty at a support of 4008 and 3946 with resistance at 4150 and 4223 levels
Buy : Infy at dips, Infact IT stock
The European Central Bank (ECB) is all set to hike rates today to contain inflation. If the ECB indeed raises rates, the euro will strengthen against the dollar, which may push oil further up.
Some technical analysts suggest that good times may return soon. Their contention is that the Nifty rebounded from a level which marked 50% correction from the lows of May 2004, when the current bull run began
Economic Front Page
The Centre has decided to initiate decontrol of the sugar industry from the new crushing season, beginning October. (BL)
The Government may ease service tax norms for truckers. (BS)
The Karnataka government set to scrap Rs300bn petroleum, chemicals and petrochemicals investment region (PCPIR) project. (BS)
The steel ministry has summoned steel producers to discuss retail prices and export figures. (BS)
PF Act likely to cover firms with 10 employees. (BL)
The soaring global food prices will adversely impact government finances in countries like India, says S&P. (FE)
The Government to liberalizing the 10% mandatory cap on price hike of drugs outside the price control. (ET)
India to have 737mn mobile users by 2012, says Gartner. (ET)
3G spectrum auctions not before the year end. (TOI)
There is no threat from Blackberry services, says Telecom Secretary Siddharth Behura.
Vijay Mallya may acquire a stake in SpiceJet
Buy : Infy at dips, Infact IT stock
The European Central Bank (ECB) is all set to hike rates today to contain inflation. If the ECB indeed raises rates, the euro will strengthen against the dollar, which may push oil further up.
Some technical analysts suggest that good times may return soon. Their contention is that the Nifty rebounded from a level which marked 50% correction from the lows of May 2004, when the current bull run began
Economic Front Page
The Centre has decided to initiate decontrol of the sugar industry from the new crushing season, beginning October. (BL)
The Government may ease service tax norms for truckers. (BS)
The Karnataka government set to scrap Rs300bn petroleum, chemicals and petrochemicals investment region (PCPIR) project. (BS)
The steel ministry has summoned steel producers to discuss retail prices and export figures. (BS)
PF Act likely to cover firms with 10 employees. (BL)
The soaring global food prices will adversely impact government finances in countries like India, says S&P. (FE)
The Government to liberalizing the 10% mandatory cap on price hike of drugs outside the price control. (ET)
India to have 737mn mobile users by 2012, says Gartner. (ET)
3G spectrum auctions not before the year end. (TOI)
There is no threat from Blackberry services, says Telecom Secretary Siddharth Behura.
Vijay Mallya may acquire a stake in SpiceJet
Wednesday, July 2, 2008
Stocks may shine, avoid the trap!
Overall view about markets today : Markets will be opening in positive zone with a marginal gap of 10-15 points on positive side of Sensex . Markets will be witnessing huge volatility , due to erratic behaviour of CRUDE , POLITIANS HAVE BECOME VERY RUDE , and both are making
investors and traders PERFECTLY NUDE. . Markets will be having very uncertainy at close
Buy ongc, IT stock ,Cement stock
Today, Nifty has support at 3,787 and resistance at 3,965 and BSE Sensex has support at 12,513 and resistance at 13,212.
The market may well rebound after Tuesday's pounding. At such times, beaten down stocks will suddenly have the wow factor, especially when the indices are in the green. Resist the temptation. We reiterate our warning that the pullback may not last long. Remain extremely cautious in this market whether one is trading or investing
Action in cement buy them
Cement prices likely to increase by 3/bag in Mumbai, Gujarat and southern markets from next week
investors and traders PERFECTLY NUDE. . Markets will be having very uncertainy at close
Buy ongc, IT stock ,Cement stock
Today, Nifty has support at 3,787 and resistance at 3,965 and BSE Sensex has support at 12,513 and resistance at 13,212.
The market may well rebound after Tuesday's pounding. At such times, beaten down stocks will suddenly have the wow factor, especially when the indices are in the green. Resist the temptation. We reiterate our warning that the pullback may not last long. Remain extremely cautious in this market whether one is trading or investing
Action in cement buy them
Cement prices likely to increase by 3/bag in Mumbai, Gujarat and southern markets from next week
Tuesday, July 1, 2008
Drowning Street…avoid getting wet
Sejal Architectural Glass having issued shares at Rs 115 is likely to list around Rs 120 with not much investors’ interest. In view of good subscription momentum play is not likely in the near term.
Sell rcom in train lots n book profit on time
Market Grape Wine :
In House :
Nifty at a support of 3910 and 3970 with resistance at 4100 and 4160 levels.
Cash: Sell BAJAJ HIND below 165 TGT154 with S/L 169.
Cash Buy INFOSYS above 1750 TGT 1790 with S/L 1730
Future: sell HDFC below 1982 TGT 1914 with S/L 2010
The Indian stock market has been one of the worst performers in the first half (down 34%). We have China for company in this dubious club. In fact, it is even worse off with a negative return of 48%. The Dow in the US has lost 14.4% so far this year, and is on the brink of entering the official territory for bear market.
For the day we could see the key indices opening on a cautious to slightly higher note. There is no clear trend emerging from the global markets at this point in time. Some markets are slightly down while some others are modestly up. Oil has cooled off to $140 per barrel after hitting $143.67 in electronic trading yesterday. However, this is still quite a bit high and only a drop to $100-110 levels will bring cheers to the stock markets.
Today's Pick -Essar Oil
We recommend a sell in Essar Oil from a short-term perspective. From the charts of the Essar Oil, we see that it has been on a long-term down trend from its 52-week high of Rs 360 recorded in early January 2008. On June 30, the stock conclusively broke through the key support level at Rs 200 where the 200-day moving average is positioned and tumbled 11 per cent accompanied by above average volume.
The daily relative strength index is featuring in the bearish zone and the weekly RSI is on the brink of entering this zone. The daily moving average convergence and divergence is also declining and is featuring in the negative territory, reinforcing our bearish stance.
The long-term down trendline of the stock is intact. Considering the above bearish facts we are negative on the stock in the short-term and expect its decline to prolong until it hits our price target of Rs 158 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 185.
Sell rcom in train lots n book profit on time
Market Grape Wine :
In House :
Nifty at a support of 3910 and 3970 with resistance at 4100 and 4160 levels.
Cash: Sell BAJAJ HIND below 165 TGT154 with S/L 169.
Cash Buy INFOSYS above 1750 TGT 1790 with S/L 1730
Future: sell HDFC below 1982 TGT 1914 with S/L 2010
The Indian stock market has been one of the worst performers in the first half (down 34%). We have China for company in this dubious club. In fact, it is even worse off with a negative return of 48%. The Dow in the US has lost 14.4% so far this year, and is on the brink of entering the official territory for bear market.
For the day we could see the key indices opening on a cautious to slightly higher note. There is no clear trend emerging from the global markets at this point in time. Some markets are slightly down while some others are modestly up. Oil has cooled off to $140 per barrel after hitting $143.67 in electronic trading yesterday. However, this is still quite a bit high and only a drop to $100-110 levels will bring cheers to the stock markets.
Today's Pick -Essar Oil
We recommend a sell in Essar Oil from a short-term perspective. From the charts of the Essar Oil, we see that it has been on a long-term down trend from its 52-week high of Rs 360 recorded in early January 2008. On June 30, the stock conclusively broke through the key support level at Rs 200 where the 200-day moving average is positioned and tumbled 11 per cent accompanied by above average volume.
The daily relative strength index is featuring in the bearish zone and the weekly RSI is on the brink of entering this zone. The daily moving average convergence and divergence is also declining and is featuring in the negative territory, reinforcing our bearish stance.
The long-term down trendline of the stock is intact. Considering the above bearish facts we are negative on the stock in the short-term and expect its decline to prolong until it hits our price target of Rs 158 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 185.
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