Thursday, October 1, 2009

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THIS MONTH IS VERY INTERESTING ............. TELLING IN ADVANCE ...NOTE DOWN

The Indian markets are likely to open lower on Thursday following a rally in the stock market indices yesterday

We do not see any threat to the run as long as we manage to stay above 16,950.00 on a closing basis.

The stock of Bharti Airtel might be under focus after the deal with MTN fell through after the South African Government did not give its approval to the pact.we do not see much impact on the stock price, but believe that this is a lost opportunity for the telecom major to make it big and have a global foot print

Watch out for oil related stocks like Cairn Energy and Shiv-Vani Oil following a rally in global crude prices. Nova Petrochem is another stock to watch closely as the news of demerger is pending next week. This stock has more room for upside at the current level of Rs 28.

Wednesday, September 30, 2009

Time to Prepare yourself

The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. If global cues remain indecisive the market might just turn choppy again being a curtailed week

Short term traders are advised to play in Midcaps as this space continues to outperform the rest of the market and is likely to ignore the market trend. India Cements might be active on the bourses on the company's plans to invest Rs 500 crore in two 50 MW power plants. Investors with some risk appetite could look at accumulating fertilizer stocks like Nagarjuna Fert and Chambal Fertilizers as we believe that there will be a run up in these stocks in the case of a rally beyond 17,000 on the Sensex

Two Consecutive Close Above...16990.50 Mark........Will Take BSE SENSEX....More Higher....And One Can Expect a Levels

Tuesday, September 29, 2009

Nifty Btst will Rock

Stocks on Dalal Street are ready get back in to rally mode, after losing ground in the past week. Expect the benchmark index or the Sensex to gain one percent or 160 points to close at 16,850.00 level, giving it a shot at surpassing the 17,000 mark in the sessions to come

We like pharma space in today's trade. Lupin is likely to put up a strong show after acquiring US rights for Anatara a anti-cholestrol drug from US based Oscient Pharma.Dr Reddy is our favorite for the day even after surging 11 percent on Friday. This stock has a long way to go from here and we expect a some MNC picking up substantial stake in this bluechip. We see a target of Rs 1300 on this stock int he short run.

Midcaps space is ready to fire some cylinders once again after putting on a good show even in a falling market. L.T Foods, Kalindee Rail, Oswal Chemicals,Orchid Chemicals and GTL Infra were among the leaders. We like GTL Infra from a speculative stand point for day trades as the stock looks poised for a strong move for the second day in a row.

Midcap IT space looks poised for an up move with Satyam,Polaris, Aftek Ltd and Mindtree in the lead. Investors should watch out for stocks like Amar Remedies, Gokul Refoils and Renuka Sugars for some quick gains

Friday, September 25, 2009

Strategy for Today's

Stocks are likely to open lower and might continue to be in red for the rest of the session. Expect, more than 100 point correction, with midcaps taking the beating.The stock of UCO Bank stood out among the midcaps, as the stock gained more than 11 percent and closed at RS 55. We recommend booking profits in this stock. Hyderabad operators are getting increasing active in Celestial Labs, which has gained more than 8 percent for the second day in a row.Dena Bank was among the top gainers along with Granules India which spurted on news of preferential allotment to its promoters.We recommend investors to stay away from the market and sit on the sidelines and short sellers could look in to shorting Banking and Real Estate stocks

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Thursday, September 24, 2009

Negative opening on cards, Markets likely to recover late in the day

Stocks on Dalal Street are likely to open lower after correcting by nearly on percent on Wednesday. Expect the banchmark index or the Sensex to open lower by 0.5 percent or 70 to 80 points. Do not expect a big fall in the index, as we believe that there might be a bounce in the later half of the day, as the underlying tone is still bullish

Expect a lower open, but stocks are likely to recover in the later half of the day as we see a strong support at 16,680.00. Do not short this market, as we are not over with the bull run yet. We recommend investors to take intra-day positions if the market falls more than 150 points

Nifty 4915-20 levels support for Rebound sl 4885

Wednesday, September 23, 2009

Nifty weak only Below 4995 and strong above 5035

There is a strong possibility of the Sensex test the 17,000 mark during the day.

It’s no tiny matter that the market has run this far. Today, we expect a flat start though. Mixed global cues, uncertain external environment and Thursday’s F&O expiry could stop the bulls in their tracks momentarily

The stock of Kingfisher Airlines might see some pressure after the company may raise as much as $175 million selling shares and global depository receipts to repay debt. Also, Reliance Communications might be under the radar, as the company's subsidiary Reliance Infratel gets ready for an IPo some time soon

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Tuesday, September 22, 2009

Keep your eye on the Big picture, but watch your step

RNRL asks Supreme Court to dismiss government’s petition on Reliance Industries gas.

Caution is going to be the mantra for the next few days as the market digests the recent spurt and awaits fresh good news. Global cues are mixed. Today, we expect a cautious start after an extended weekend. Things will be volatile given that we have the F&O expiry on Thursday

Though the overall mood is positive, the road ahead will be bumpy. The fact that we have already traveled so much since early March could bring in some apprehensions. The results are just round the corner and expectations are on the positive side. Among the big risks will be inflation and its fallout on monetary policy. FIIs will continue to play a key role.

FIIs were net buyers of Rs14.86bn in the cash segment on Friday on a provisional basis. The local funds pulled out Rs5.05bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.97bn. On Thursday, FIIs were net buyers of Rs26.63bn in the cash segment. The net FII investments in Indian stocks this year have crossed $9.8bn. Mutual Funds were net buyers of Rs1.01bn on Thursday

The deal street is buzzing with lots of M&M action happening over the past few days