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.
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Friday, February 13, 2009
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.
Friday, February 6, 2009
Btst like Banknifty,Rpl, EDUCOMP ........LIC HOUSING will rock
We expect the market to open higher mainly due to firm global trend
The Obama administration is expected to announce on Monday how it will use the remaining $350bn of the Treasury's Troubled Asset Relief Program (TARP).
Metal stocks like SAIL and Sterlite are likely to maintain their uptrend as metal prices continued to be firm. Shipping stocks like GE Shipping are likely to bounce as the Blatic Dry index is back to its october highs. We see great value in the stock as it will be a beneficiary of a global rebound.Sugar stocks were active yesterday and are likely to be in demand as the sugar out put is likely to be lower this year and a global deficit in sugar inventories is likely to boost the fortune of these firms.
OnMobile Global
We recommend a buy in OnMobile Global from a short-term trading perspective. It is clearly visible from the charts of OnMobile Global that after witnessing a sharp sell-off during October 2008, the stock found support recording its 52-week low of Rs 190 in early November 2008.
However, since then the stock has been on a sideways consolidation in a broad range between Rs 205 and Rs 260. The stock recently tested the lower boundary of this sideways consolidation and bounced up. On February 4, the stock breached the 21 and 50-day moving averages by gaining almost 5 per cent with above average volume.
The daily relative strength index is rising in the neutral region towards the bullish zone. The moving average convergence and divergence is on the brink of entering into the positive territory. We are bullish on the stock from a short-term horizon. We expect it to move up until it hits our price target of Rs 260 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 225.
The Obama administration is expected to announce on Monday how it will use the remaining $350bn of the Treasury's Troubled Asset Relief Program (TARP).
Metal stocks like SAIL and Sterlite are likely to maintain their uptrend as metal prices continued to be firm. Shipping stocks like GE Shipping are likely to bounce as the Blatic Dry index is back to its october highs. We see great value in the stock as it will be a beneficiary of a global rebound.Sugar stocks were active yesterday and are likely to be in demand as the sugar out put is likely to be lower this year and a global deficit in sugar inventories is likely to boost the fortune of these firms.
OnMobile Global
We recommend a buy in OnMobile Global from a short-term trading perspective. It is clearly visible from the charts of OnMobile Global that after witnessing a sharp sell-off during October 2008, the stock found support recording its 52-week low of Rs 190 in early November 2008.
However, since then the stock has been on a sideways consolidation in a broad range between Rs 205 and Rs 260. The stock recently tested the lower boundary of this sideways consolidation and bounced up. On February 4, the stock breached the 21 and 50-day moving averages by gaining almost 5 per cent with above average volume.
The daily relative strength index is rising in the neutral region towards the bullish zone. The moving average convergence and divergence is on the brink of entering into the positive territory. We are bullish on the stock from a short-term horizon. We expect it to move up until it hits our price target of Rs 260 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 225.
Thursday, February 5, 2009
Inflation expected at 5.21% vs. 5.64%
One bright spot in the market today will be the metals sector.The price of base metals has perked up in the global markets. This might boost the stocks of Sesa Goa, Hind Zinc and Hindalco. The stock of United Spirits might see some demand as international major Diageo is likely to announce a deal to buy a major stake in the firm soon
One Thing is Sure , Only Big Operator's are Earning in this Kind of Market.
One Day Satyam , One Day Spice , Another Day WWIL
Canara Bank
We recommend a sell in Canara Bank from a short-term trading perspective. It is apparent from the charts of Canara Bank that it was on a medium-term up trend from its October low of Rs 136 to January peak of Rs 223.
However, in mid January, the stock began to loose its bullish momentum and reversed direction. On January 15, the stock tumbled by 8 per cent following selling pressure. This selling pressure continued and on January 23, the stock dived 14 per cent, accompanied with heavy volume. This decline conclusively penetrated the 21- and 50-day moving averages.
The stock is currently trading well below these averages. The daily relative strength index is falling in the neutral region towards the bearish zone. Moreover, moving average convergence and divergence has entered the negative territory. Our short-term outlook is bearish for the stock. We expect the stock to decline until it hits our price target of Rs 160 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 187.
One Thing is Sure , Only Big Operator's are Earning in this Kind of Market.
One Day Satyam , One Day Spice , Another Day WWIL
Canara Bank
We recommend a sell in Canara Bank from a short-term trading perspective. It is apparent from the charts of Canara Bank that it was on a medium-term up trend from its October low of Rs 136 to January peak of Rs 223.
However, in mid January, the stock began to loose its bullish momentum and reversed direction. On January 15, the stock tumbled by 8 per cent following selling pressure. This selling pressure continued and on January 23, the stock dived 14 per cent, accompanied with heavy volume. This decline conclusively penetrated the 21- and 50-day moving averages.
The stock is currently trading well below these averages. The daily relative strength index is falling in the neutral region towards the bearish zone. Moreover, moving average convergence and divergence has entered the negative territory. Our short-term outlook is bearish for the stock. We expect the stock to decline until it hits our price target of Rs 160 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 187.
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