Today's Global Cues, Not Supporting , Hence NIFTY FUTURE, May Fall Further in Today's Trade......,, Today, Below 2819 Expect, More and More Weakness....... In Nifty Future, Below that Mark, Nifty Will Try to Hit 2797 and then, 2783 tooo........ Last Hope for Bulls is 2766 Mark, Today 2766, Mark Will Act as a TREND DECIDER.....
Nifty, If Breaks that Level, Expect Blood-Bath Once Again in NIFTY....Will Hit 2750 and then, 2737 in Panic.....
The stock of Hindalco might be under pressure as the news that the company plan's to use its share premium reserves to write off expenses incurred by the company on international acquisition and domestic expansion.Other metal stocks might be under pressure as metal prices cooled off on LME. Suclon Energy might fall for the second day in a row after the promoters disclosed that they have pledged 25.9 percent of the company’s shares.
Akruti
We recommend a sell in Akruti City stock from a short-term trading perspective. It is evident from the charts of Akruti City that after taking support at Rs 550 in mid-January, which is also a 52-week low, it bounced back. From this trough to the recent high at Rs 1,052, the stock has almost gained 91 per cent. However, the stock encountered significant resistance in the band between Rs 1,035 and Rs 1,050 recently. The daily relative strength index (RSI) has reached overbought levels. The stock reversed lower from this resistance band and declined 2 per cent on February 16. Moreover, with this decline we observe that the daily RSI is displaying a negative divergence. The daily moving average convergence and divergence indicator has also reached overbought levels. We are bearish on the stock from a short-term horizon. We anticipate it to decline further until it hits our price target of Rs 905 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 1,064.
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Tuesday, February 17, 2009
Monday, February 16, 2009
The market will salute a cut in STT (Securities Transaction Tax) if it happens
Today's It May be SEE-SAW
Buy Batronics,KAF,JET AIRWAYS,CAIRN
The stock of NTPC is likely to move up as we might see some demand for the stoc after the company announced on Friday that the company which accounts for 20 percent of India’s power capacity, and Nuclear Power Corp. will spend as much as $3 billion to build new atomic plants in the next eight years.
UB group is again news now, news reports from pink papers suggest that the the company that owns India’s biggest liquor maker, plans to sell its stake in Aventis Pharma Ltd. UB Group owns 10.28 percent in Aventis Pharma and Sanofi-Aventis SA owns 50.1 percent.
In what could be a good news to aviation sector, Public sector oil companies today slashed jet fuel or Aviation Turbine Fuel (ATF) prices 3.7 per cent, the tenth reduction since September, taking rates to early 2005 levels. Watch out Jet Aviation and Kingfisher Airlines.
Technology solutions provider Bartronics today bagged a project for setting up 2,000 kiosks of the Municipal Corporation of Delhi,with an aim to mop up Rs 5,000 crore over the next nine years. The stocks is currently trading at Rs 76 and might hit an upper circuit today as the news came after the markets closed on Friday.
Buy Batronics,KAF,JET AIRWAYS,CAIRN
The stock of NTPC is likely to move up as we might see some demand for the stoc after the company announced on Friday that the company which accounts for 20 percent of India’s power capacity, and Nuclear Power Corp. will spend as much as $3 billion to build new atomic plants in the next eight years.
UB group is again news now, news reports from pink papers suggest that the the company that owns India’s biggest liquor maker, plans to sell its stake in Aventis Pharma Ltd. UB Group owns 10.28 percent in Aventis Pharma and Sanofi-Aventis SA owns 50.1 percent.
In what could be a good news to aviation sector, Public sector oil companies today slashed jet fuel or Aviation Turbine Fuel (ATF) prices 3.7 per cent, the tenth reduction since September, taking rates to early 2005 levels. Watch out Jet Aviation and Kingfisher Airlines.
Technology solutions provider Bartronics today bagged a project for setting up 2,000 kiosks of the Municipal Corporation of Delhi,with an aim to mop up Rs 5,000 crore over the next nine years. The stocks is currently trading at Rs 76 and might hit an upper circuit today as the news came after the markets closed on Friday.
Friday, February 13, 2009
Titan,siemens good buy
We expect the key indices to pull back after Thursday’s fall.
The stock of Satyam Computers might see some demand as the bidding process for the sale of the company is about to begin soon.Another company that was in the lime light was Hexaware Technologies, which surge more than 90 percent at one point of the day, finally finishing off the say up by 65 percent at Rs 33.30.
The stock of Parsvnath Developers might come under some selling pressure as the company might need to raise some capital or sell some assets to meet its obligations.In a separate development Sanjay Lalbhai-owned Arvind has defaulted on its interest payments and is on the verge of yet, another downgrade from the credit rating agencies.
In what could seen as an interesting move Wipro's chief Azim Premji has injected Rs 40 Crore in to the ailing retail chain Subhiksha. Sugar stocks like Renuka and Sakhti sugars looks sweet along with metal stocks like SAIL and Sterlite Ind, fo day traders
HEG
We recommend a buy in the stock of HEG from a short-term trading perspective. It is apparent from the charts of HEG that after encountering resistance at around Rs 293 in August 2008, it resumed its downtrend. Since then, the stock was on an intermediate-term downtrend till it found support at Rs 102 in late January 2009. A significant long-term support is present at Rs 100 for the stock. We observe the formation of a falling wedge pattern, spanning the period from late October. The stock is currently testing the upper resistance level of the pattern. The daily moving average convergence and divergence indicator is displaying positive divergence. The weekly relative strength index also is displaying a prolonged positive divergence. Moreover, the price rate of change indicator is rising in the positive territory indicating buying interest. We are bullish on the stock from a short-term horizon. We anticipate it to penetrate the upper resistance level and move up until it hits our price target of Rs 119. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 101.
The stock of Satyam Computers might see some demand as the bidding process for the sale of the company is about to begin soon.Another company that was in the lime light was Hexaware Technologies, which surge more than 90 percent at one point of the day, finally finishing off the say up by 65 percent at Rs 33.30.
The stock of Parsvnath Developers might come under some selling pressure as the company might need to raise some capital or sell some assets to meet its obligations.In a separate development Sanjay Lalbhai-owned Arvind has defaulted on its interest payments and is on the verge of yet, another downgrade from the credit rating agencies.
In what could seen as an interesting move Wipro's chief Azim Premji has injected Rs 40 Crore in to the ailing retail chain Subhiksha. Sugar stocks like Renuka and Sakhti sugars looks sweet along with metal stocks like SAIL and Sterlite Ind, fo day traders
HEG
We recommend a buy in the stock of HEG from a short-term trading perspective. It is apparent from the charts of HEG that after encountering resistance at around Rs 293 in August 2008, it resumed its downtrend. Since then, the stock was on an intermediate-term downtrend till it found support at Rs 102 in late January 2009. A significant long-term support is present at Rs 100 for the stock. We observe the formation of a falling wedge pattern, spanning the period from late October. The stock is currently testing the upper resistance level of the pattern. The daily moving average convergence and divergence indicator is displaying positive divergence. The weekly relative strength index also is displaying a prolonged positive divergence. Moreover, the price rate of change indicator is rising in the positive territory indicating buying interest. We are bullish on the stock from a short-term horizon. We anticipate it to penetrate the upper resistance level and move up until it hits our price target of Rs 119. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 101.
Thursday, February 12, 2009
Today Fertilizer day
Markets to trade in a narrow band, Stock specific action likely in today's trade
The same goes for the market and key indices could be primed for a fresh advance after a slow start. Among the key triggers are likely to be a sharp drop in inflation (thanks to the fuel price cut) and possible improvement in IIP data.
Satyam’s government-appointed board will also meet today to consider a road-map for future, including a strategic sale. The winter session of Parliament begins today.
Interim Railway Budget will be presented on Friday while the Vote-on-Account will be announced on Monday.
DLF is the stock to watch out for, a sit will be interesting to see how the marke reacts to the decision by the company to exit the Dharavi project in Colloboration with Akruti City. Unitech on the other side might see some upward movement on the news of tie up with Tata Tele.
Stocks in Retail, Media and Telecom might see some demand on the goverment's decision to approve the changes in FDI policy linking approvals to the concept of control for the first time.Media is our pick among these sectors.
Hexaware Technologies, Power Finance Corporation, Birla Power and Areva T&D are some of the stocks that might see some positive for the coming week, and short term positions are advised in these stocks.
Siemens
We recommend a buy in Siemens from a short-term trading perspective. It is clearly visible from the charts that after encountering resistance around Rs 322 in early January, it witnessed a sharp tumble. However, the stock found support at Rs 186 that was also the 52-week low. Since then, the stock has been on a gradual short-term uptrend. On February 11, the stock gained bullish momentum by surging 7 per cent. This gain conclusively penetrated the stock’s 21-day moving average. We notice that there is an increase in volume over the past three trading sessions. The daily relative strength index (RSI) is rising in the neutral region and the weekly RSI is displaying prolonged positive divergence. The price rate of change (ROC) indicator is rising in the positive territory indicating buying interest. We are bullish on the counter from a short-term perspective. We expect the going-up move to continue until it hits our price target of Rs 245. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 209
The same goes for the market and key indices could be primed for a fresh advance after a slow start. Among the key triggers are likely to be a sharp drop in inflation (thanks to the fuel price cut) and possible improvement in IIP data.
Satyam’s government-appointed board will also meet today to consider a road-map for future, including a strategic sale. The winter session of Parliament begins today.
Interim Railway Budget will be presented on Friday while the Vote-on-Account will be announced on Monday.
DLF is the stock to watch out for, a sit will be interesting to see how the marke reacts to the decision by the company to exit the Dharavi project in Colloboration with Akruti City. Unitech on the other side might see some upward movement on the news of tie up with Tata Tele.
Stocks in Retail, Media and Telecom might see some demand on the goverment's decision to approve the changes in FDI policy linking approvals to the concept of control for the first time.Media is our pick among these sectors.
Hexaware Technologies, Power Finance Corporation, Birla Power and Areva T&D are some of the stocks that might see some positive for the coming week, and short term positions are advised in these stocks.
Siemens
We recommend a buy in Siemens from a short-term trading perspective. It is clearly visible from the charts that after encountering resistance around Rs 322 in early January, it witnessed a sharp tumble. However, the stock found support at Rs 186 that was also the 52-week low. Since then, the stock has been on a gradual short-term uptrend. On February 11, the stock gained bullish momentum by surging 7 per cent. This gain conclusively penetrated the stock’s 21-day moving average. We notice that there is an increase in volume over the past three trading sessions. The daily relative strength index (RSI) is rising in the neutral region and the weekly RSI is displaying prolonged positive divergence. The price rate of change (ROC) indicator is rising in the positive territory indicating buying interest. We are bullish on the counter from a short-term perspective. We expect the going-up move to continue until it hits our price target of Rs 245. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 209
Wednesday, February 11, 2009
Nifty ,Reliance Stbt will Rock On
SELL STEEL STOCKS
Sell Tata Steel Target 191, 189
Indian markets are expected open in red but due to tax cuts in interim budget some pull back at lower levels is expected. Watch out IIP numbers to be announced today. Market may react to these numbers
Expect Realty, Banking and Metal stocks to take a beating in today's slide.
Airline stocks might remain firm as the carriers are mulling a price hike to overcome the hurdles they are facing in the current economic turmoil.
PTC on plans of a PE firm and Power Grid on plans of a Overseas subsidary might see a small correction in a falling market.
Ranbaxy is another stocks that is looking relatively safer in the current circumstances as the news of the US Food and Drug Administration approval to launch the generic version of GlaxoSmithKline Plc.’s anti-migraine medicine Imitrex, might curb a sharp fall in the share price from the Rs 230 levels.
The market is expected to open in red and might see deep correction in the first half of the trading day. The longterm fundamentals are still in tact. There might be some profit booking and some short selling, that ,might further cause a steep fall. Traders are advised to stay on the sidelines for the day.
Govt. is Considering to Cut STT as Much as 5% , Currently It's 15% !!! , Now, Get Ready to Pay Only 10% STT !!! Govt. is All Set to Announce this News Very Shortly ....
Expect a 5% Cut on STT , Anytime, in Next Few Days
Sell Tata Steel Target 191, 189
Indian markets are expected open in red but due to tax cuts in interim budget some pull back at lower levels is expected. Watch out IIP numbers to be announced today. Market may react to these numbers
Expect Realty, Banking and Metal stocks to take a beating in today's slide.
Airline stocks might remain firm as the carriers are mulling a price hike to overcome the hurdles they are facing in the current economic turmoil.
PTC on plans of a PE firm and Power Grid on plans of a Overseas subsidary might see a small correction in a falling market.
Ranbaxy is another stocks that is looking relatively safer in the current circumstances as the news of the US Food and Drug Administration approval to launch the generic version of GlaxoSmithKline Plc.’s anti-migraine medicine Imitrex, might curb a sharp fall in the share price from the Rs 230 levels.
The market is expected to open in red and might see deep correction in the first half of the trading day. The longterm fundamentals are still in tact. There might be some profit booking and some short selling, that ,might further cause a steep fall. Traders are advised to stay on the sidelines for the day.
Govt. is Considering to Cut STT as Much as 5% , Currently It's 15% !!! , Now, Get Ready to Pay Only 10% STT !!! Govt. is All Set to Announce this News Very Shortly ....
Expect a 5% Cut on STT , Anytime, in Next Few Days
Tuesday, February 10, 2009
Today for calls One need to Subscribe
The stock of liquor major, United Spirits might attract some attention on the pink paper reports that the company is open to divesting up to 49 per cent in Whyte & Mackay it acquired during May 2007 for Rs 4,800 crore.
Another stock that looks attractive from a long term perspective is GMR Infra after getting a major concession to GMR-led consortium Delhi International Airport Ltd that is operating and upgrading Delhi airport, the government has allowed it to impose airport development fees on passengers that will help them raise up to Rs 1,827 crore over three years. We like the stock of GMR Infra at CMP of Rs 82 and recommend a 'BUY' on the stock, as the company might receive a boost from the forthcoming Asian games
Welspun-Gujarat (Rs 70.25): Buy
We recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term trading perspective. It is apparent from the charts of Welspun-Gujarat that it was on a medium-term down trend from its December high of Rs 130, forming lower peaks and lower troughs. The stock had fallen 51 per cent from its December high to its recent low. However, the stock recently found support at significant support levels of Rs 63. After taking support, the stock reversed direction, triggered by the bullish divergence in the daily relative strength index(RSI). Moreover, on February 9, the stock jumped by 7 per cent, experiencing buying interest. We notice that there is an increase in volume over the past two trading sessions. The daily RSI is on the brink of entering the neutral region from the bearish zone. The weekly RSI is also displaying prolonged bullish divergence, indicating further upside. We are bullish on the stock from a short-term horizon. We expect the stock to rally until it hits our price target of Rs 80 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 66.
Another stock that looks attractive from a long term perspective is GMR Infra after getting a major concession to GMR-led consortium Delhi International Airport Ltd that is operating and upgrading Delhi airport, the government has allowed it to impose airport development fees on passengers that will help them raise up to Rs 1,827 crore over three years. We like the stock of GMR Infra at CMP of Rs 82 and recommend a 'BUY' on the stock, as the company might receive a boost from the forthcoming Asian games
Welspun-Gujarat (Rs 70.25): Buy
We recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term trading perspective. It is apparent from the charts of Welspun-Gujarat that it was on a medium-term down trend from its December high of Rs 130, forming lower peaks and lower troughs. The stock had fallen 51 per cent from its December high to its recent low. However, the stock recently found support at significant support levels of Rs 63. After taking support, the stock reversed direction, triggered by the bullish divergence in the daily relative strength index(RSI). Moreover, on February 9, the stock jumped by 7 per cent, experiencing buying interest. We notice that there is an increase in volume over the past two trading sessions. The daily RSI is on the brink of entering the neutral region from the bearish zone. The weekly RSI is also displaying prolonged bullish divergence, indicating further upside. We are bullish on the stock from a short-term horizon. We expect the stock to rally until it hits our price target of Rs 80 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 66.
Monday, February 9, 2009
US stimulus plan to give a jolt to the Sensex
Budget Expectation :1. Security Transaction Tax - Will be out of the Market for the boost of Capital market.
2. Dividend Distribution Tax likely abolished.
3. Short Term Capital Tax likely reduced from 15% to 10% or 5%.
Airline stocks like Jet Airways, Spice Jet and Kingfisher Airlines might see some early gains on the news that Kingfisher Airlines might sell 25 percent stake for nearly Rs 2000 crore giving it a hefty valuation over the prevailing marketprice of Rs 32.
SEBI later this week has released the list of companies that have pledged shares to avail loans from banks and financial institutions.Aban Offshore, Asian Paints, Dr Reddy’s Lab, Godrej Consumer Products, Great Offshore and JB Chemicals are names of some of the more prominent companies whose promoters have pledged shares against loans availed by them.
Banking, Metal and Realty stocks are likely to be the leaders in today's market. We see both the indices opening sharply higher and consolidate from there on. So it is not a great idea for the day traders to jump in, in the morning and take positions. Overall, a positive day for the market in the offing, on the first trading day of the week
HCL Technologies
We recommend a buy in HCL Technologies from a short-term trading horizon. It is evident from the charts of HCL Technologies that it had been on an intermediate-term downtrend from its September 2008 high of Rs 261 till its January 2009 low of Rs 102. However, the stock reversed direction, after taking support at Rs 102, which is a significant medium-term support level. Since then, the stock has been on a short-term uptrend. This trend reversal has been supported by a prolonged positive divergence in the weekly relative strength index (RSI). In late January, the stock breached its intermediate-term down trendline as well as 21-day moving average. Moreover, recently the stock crossed over its 50-day moving average and is trading well above the averages. The daily RSI is rising in the neutral region towards the bullish zone and the weekly RSI has entered the neutral region from the bearish zone. Our short-term forecast is bullish for the stock. We anticipate it to move up until it hits our price target of Rs 140 in the forthcoming trading session. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 119.
2. Dividend Distribution Tax likely abolished.
3. Short Term Capital Tax likely reduced from 15% to 10% or 5%.
Airline stocks like Jet Airways, Spice Jet and Kingfisher Airlines might see some early gains on the news that Kingfisher Airlines might sell 25 percent stake for nearly Rs 2000 crore giving it a hefty valuation over the prevailing marketprice of Rs 32.
SEBI later this week has released the list of companies that have pledged shares to avail loans from banks and financial institutions.Aban Offshore, Asian Paints, Dr Reddy’s Lab, Godrej Consumer Products, Great Offshore and JB Chemicals are names of some of the more prominent companies whose promoters have pledged shares against loans availed by them.
Banking, Metal and Realty stocks are likely to be the leaders in today's market. We see both the indices opening sharply higher and consolidate from there on. So it is not a great idea for the day traders to jump in, in the morning and take positions. Overall, a positive day for the market in the offing, on the first trading day of the week
HCL Technologies
We recommend a buy in HCL Technologies from a short-term trading horizon. It is evident from the charts of HCL Technologies that it had been on an intermediate-term downtrend from its September 2008 high of Rs 261 till its January 2009 low of Rs 102. However, the stock reversed direction, after taking support at Rs 102, which is a significant medium-term support level. Since then, the stock has been on a short-term uptrend. This trend reversal has been supported by a prolonged positive divergence in the weekly relative strength index (RSI). In late January, the stock breached its intermediate-term down trendline as well as 21-day moving average. Moreover, recently the stock crossed over its 50-day moving average and is trading well above the averages. The daily RSI is rising in the neutral region towards the bullish zone and the weekly RSI has entered the neutral region from the bearish zone. Our short-term forecast is bullish for the stock. We anticipate it to move up until it hits our price target of Rs 140 in the forthcoming trading session. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 119.
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