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Our Trading Call of SAURASHTRA CEMENT, Flared and Hit 20% UPPER-FILTER

Our Trading Call of Ranbaxy, Also Flared Almost 11% , and Complete's IT'S Days Target

Nifty (4040) Sup 3920 Res 4100

Sell HDFC (1934) SL 1960
Target 1885, 1875

Ranbaxy may see some recovery after the company clarified that its deal with Daiichi is on track. Earlier reports stated production at three facilities of Ranbaxy Laboratories could be banned if charges of fraud, forging of documents and manufacturing from unapproved locations leveled by USFDA are proved

Some buying may be seen in mid cap counters. HUL could be among the safer stocks for the time being.

Steel companies could see some action on reports that they are considering 15% hike in prices to offset rising raw material costs. Meanwhile, the railways has reportedly decided to give a 25% discount on domestic iron ore freight booked to ports in a bid to help steel companies.

Among the major bulk deals, Merrill Lynch sold 200,000 shares of Selan Exploration at an average price of Rs217.

Insider trades:

Sakthi Sugars: M.Manickam, Vice Chairman & Managing Director of the company from the market has purchased 10,499 equity shares on 10th July 2008.

Gateway Distriparks: Kirpa Ram Vij, Director of the company has purchased 15,000 shares from the open market on 9th July 2008.

This week how to trade with markets

Nifty Futures
Buy Nifty July Futures @ 3920-3930* Stop Loss: 3850* Target:
4180-4200* (*Spot levels)

Nifty Strategy
Sell One Nifty July 3800 PE @ 74-78; Sell One July 4200 CE @
66-70; UBEP:4340; LBEP: 3660; SL: 185 (total premium); TF:
8-10 days

Pair strategy
Buy Tata Motors and Sell M&M
Buy one lot TataMotor July Fut @ 392-395 and Sell one lot M&M
July Fut @ 525-530. Time Frame: 10-12 Days.

Buy PNB and Sell Allahabad Bank
Buy two lot ALBK July Fut @ 57-58 and Sell one lot PNB July
Fut @ 392-394. Time Frame: 10-12 Days.

Hybrid strategy
Covered Call in Reliance
Buy 1 lot Reliance July Fut @ 2028-2030 and Sell 1 July 2160 CA
@ 28-30. BEP: 2000. Stop Loss: 1980. Time Frame: 10-12 days

Trading Calls - July 14 2008

Rel Com can be bought around 435 with a stop loss of 428. The stock may be a slow starter but could be a surprise package. Above 444 it will show strength

Market Grape Wine :

In House :

Nifty at a support of 3995 and 3935 levels with resistance at 4115 and 4165 levels .

Buy : in F&O Tisco above 644 target 665 s/l fo 635

Sell : in F&O Centextile below 490 target 465 s/l of 505

Out House:

Markets at a support of 13456 & 13232 resistance at 13786 & 13636 levels .

Buy : Sail & Tsico

Buy : Sbin at dips

Buy : ITC at dips

Buy : Bhel & LT at dips

Buy : ACC

Buy : RIL

Buy : Titan at dips

Dark Horse : Sbin , LT , RIL , Suzlon & Tisco

Close above 14000 ,Partytime

Cairn our pick

Infosys result as mention earlier to clients are better than expected

For more visit

http://www.freewebs.com/jgs-investments/marketwhisper.htm

Market may remain cautious

Now at Present
Singapore Nifty -43.0 point
43.2170 INR = $
Crude = 136.57 $

Yesterday's Rally

Led By ???

SHORT COVERING
or

Technical Pull Back
or

Rally in Bear Market
or

Something Else

Soon this site will go paid
For membership pls contact sheth_jg@yahoo.com

I have an Ideaaaaaaaaaaa

BUY R-pack today

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))

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.