Markets are likely to open up after a Mad Monday on the street. Most of the investors did not get a chance to place their orders as the trading was haulted due to gigantic gains. Expect the Sensex to end the day higher by another 3 to 4 percent crossing the 14,500 mark
Winners were all across the board as investors were trying to grab each and every stock that was available in the market. Realty, Consumer Goods, Banking,Power and PSU stocks gained between 18 to 23 percent.Real Estate stocks made a giant leap on hopes of relief on the liquidity front coupled with potential for new business from government projects.
IndiaBulls Real Estate, GVK Power & Infra, Unitech and Reliance Capital were big gainers in yesterday's market. The run is likely to continue, as the market is hot now and we might find few sellers in the market. It is believed that there are Rs 25,000 Crore worth of short positions and this might provide a much needed fuel to the market.
We expected a 500 point rally and were surprised with a 2000 point run. The momentum is likely to continue and we might see another 5 to 6 percent. It is advisable to sell in to the market at around 14,800 level and stay invested in PSU stocks.So in a nut shell, book profits in the rest of the stocks and hold on to PSU stocks and some blue chips on another rally in the markets
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
Tuesday, May 19, 2009
Monday, May 18, 2009
Nifty Circuit Limits today
Nifty Circuit Limits for today are :
10% 3973.75
15% 4124.80
20% 4275.85
Like circuit limits on individual stocks, there are restrictions on the movement of indices (Sensex and Nifty). There are 3 types of circuit limits 10%,15% and 20% limits. These circuit limits are applicable for the movement of the indices either in positive direction or in negative direction.
Trading in both the exchanges will come to halt if the movement exceeds the limits in any one of the exchanges.
If the 10% movement takes place before 1:00 p.m. then market will be halted for an hour and if it takes place at or after 1:00 p.m. but before 2:30 p.m. then market will be halted for half an hour. If the movement takes place after 2:30 p.m. then there won’t be any trading halt.
On resumption of trading after the halted period is elapsed, if the market hits 10% again there won’t be any halt in the trading. But if the market hits 15%, there shall be a halt of 2 hours if the movement happens before 1 p.m. If the 15% limit is breached at or after 1 p.m. but before 2 p.m. then there would be trading halt of 1 hour. If it happens after 2 p.m. then there won’t be further trading on that day.
On the resumption if the market hits 20% limit at any time during the trading hours, the trading will be suspended on that day.
These limits are put in place to stop excessive speculation and control the liquidity.
A point to be noted here is that the absolute values of these 10%, 15% and 20% limits are not based on the previous day’s close as in case of individual stocks circuit limits. These values are calculated and announced by the bourses (NSE and BSE) at the beginning of each quarter. The absolute points are calculated based on closing level of index on the last day of the trading in a quarter and rounded off to the nearest 10 points in case of Nifty. This limit is applicable for the entire quarter.
10% 3973.75
15% 4124.80
20% 4275.85
Like circuit limits on individual stocks, there are restrictions on the movement of indices (Sensex and Nifty). There are 3 types of circuit limits 10%,15% and 20% limits. These circuit limits are applicable for the movement of the indices either in positive direction or in negative direction.
Trading in both the exchanges will come to halt if the movement exceeds the limits in any one of the exchanges.
If the 10% movement takes place before 1:00 p.m. then market will be halted for an hour and if it takes place at or after 1:00 p.m. but before 2:30 p.m. then market will be halted for half an hour. If the movement takes place after 2:30 p.m. then there won’t be any trading halt.
On resumption of trading after the halted period is elapsed, if the market hits 10% again there won’t be any halt in the trading. But if the market hits 15%, there shall be a halt of 2 hours if the movement happens before 1 p.m. If the 15% limit is breached at or after 1 p.m. but before 2 p.m. then there would be trading halt of 1 hour. If it happens after 2 p.m. then there won’t be further trading on that day.
On the resumption if the market hits 20% limit at any time during the trading hours, the trading will be suspended on that day.
These limits are put in place to stop excessive speculation and control the liquidity.
A point to be noted here is that the absolute values of these 10%, 15% and 20% limits are not based on the previous day’s close as in case of individual stocks circuit limits. These values are calculated and announced by the bourses (NSE and BSE) at the beginning of each quarter. The absolute points are calculated based on closing level of index on the last day of the trading in a quarter and rounded off to the nearest 10 points in case of Nifty. This limit is applicable for the entire quarter.
Sensex to fly high
Stocks in India are expected to fly high on opening bell as money on the sidelines is likely to flow in to the market on hopes that the Singh led UPA government is likely to bolster the slowing economy with financial reforms. Expect the Sensex to gain more than 400 points or 4 percent for the day.
We might see heavy buying in the PSU stocks on speculation that the newly formed Singh government is likely to implement the disinvestment program in the next few months. There might be 40 to 50 percent move in these stocks and we have given our picks in these sectors to our subscribers.
Telecom and Insurance sectors are going to be the major beneficiaries if the government move ahead with measures to increase FDI Cap from 26 to 49 percent. Banking and Infra structure stocks are likely to be among the gainers in today's trade.Analysts in the market expect the Sensex to touch 14,000 level, barring any major global melt down.
We advise investors not to buy in the first hour of the market as we are likely to see a huge gap up pending of more than 700 points. One could look at buying stocks in the afternoon session, as things are likely to cool off after initial euphoria. It is a good idea trim your holdings in speculative counters and build positions in PSU and related entities going forward.Overall a great day for the stocks, but we expect some cool off after an explosive opening in the morning
We might see heavy buying in the PSU stocks on speculation that the newly formed Singh government is likely to implement the disinvestment program in the next few months. There might be 40 to 50 percent move in these stocks and we have given our picks in these sectors to our subscribers.
Telecom and Insurance sectors are going to be the major beneficiaries if the government move ahead with measures to increase FDI Cap from 26 to 49 percent. Banking and Infra structure stocks are likely to be among the gainers in today's trade.Analysts in the market expect the Sensex to touch 14,000 level, barring any major global melt down.
We advise investors not to buy in the first hour of the market as we are likely to see a huge gap up pending of more than 700 points. One could look at buying stocks in the afternoon session, as things are likely to cool off after initial euphoria. It is a good idea trim your holdings in speculative counters and build positions in PSU and related entities going forward.Overall a great day for the stocks, but we expect some cool off after an explosive opening in the morning
Saturday, May 16, 2009
Jhunjhunwala, others see Magnificent Monday post UPA win
The nation has given its verdict: the Congress-led United Progressive Alliance (UPA) comes back to power without the baggage of the Left — just what the doctor ordered for the markets.
In an exclusive discussion on CNBC-TV18, leading investor and trader Rakesh Jhunjhunwala of Rare Enterprises said that the election results signalled the coming to end of divisive politics. “The victory is very important for what will happen ahead given the economic circumstances prevailing in the world,” he said, adding that he sees the country going back to 8–10% growth on the back of a stable government. “I expect a lot of capital inflow into to India,” the ace investor said, adding that the government was likely to be aggressive with reforms. “The market would prefer to see a pro-reforms finance minister.”
Samir Arora of Helios Cap said that he saw a big rally ahead in the markets. “On Monday, we could open one circuit — a thousand points on the Sensex — up,” he predicted. Arora added that Monday’s possible rally would be followed up with a long durable rally. For the post of finance minister, Arora said Montek Singh Ahluwalia, the current Deputy Chairman of the Planning Commission, would be an ideal candidate.
Manish Chokhani of Enam Securities said that the verdict had come at a good time with the continuation of the rally that had already happened recently. “It may now happen that people were earlier working with the 8,000-12,000 band. Then it came up to 10,000-14,000. Now the band could range between 12,000 and 16,000,” he said. Chokhani added that he expected insurance reforms ahead and that there may be huge inflows in the banking space. “If liquidity returns, engineering, capital goods and realty stocks will benefit significantly,” he said.
In an exclusive discussion on CNBC-TV18, leading investor and trader Rakesh Jhunjhunwala of Rare Enterprises said that the election results signalled the coming to end of divisive politics. “The victory is very important for what will happen ahead given the economic circumstances prevailing in the world,” he said, adding that he sees the country going back to 8–10% growth on the back of a stable government. “I expect a lot of capital inflow into to India,” the ace investor said, adding that the government was likely to be aggressive with reforms. “The market would prefer to see a pro-reforms finance minister.”
Samir Arora of Helios Cap said that he saw a big rally ahead in the markets. “On Monday, we could open one circuit — a thousand points on the Sensex — up,” he predicted. Arora added that Monday’s possible rally would be followed up with a long durable rally. For the post of finance minister, Arora said Montek Singh Ahluwalia, the current Deputy Chairman of the Planning Commission, would be an ideal candidate.
Manish Chokhani of Enam Securities said that the verdict had come at a good time with the continuation of the rally that had already happened recently. “It may now happen that people were earlier working with the 8,000-12,000 band. Then it came up to 10,000-14,000. Now the band could range between 12,000 and 16,000,” he said. Chokhani added that he expected insurance reforms ahead and that there may be huge inflows in the banking space. “If liquidity returns, engineering, capital goods and realty stocks will benefit significantly,” he said.
Friday, May 15, 2009
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Thursday, May 14, 2009
Sell Gmr, Axis bank, Sterlite
Expect the Sensex to drop nearly 2 percent or 250 points for the day below the 12,000 mark.
The markets are likely to be shaky on negative cues from abroad and a high degree of uncertainty on the political front, as the exit pole results suggest a tie between UPA and NDA. Metal, IT and FMCG were on the losing end. We are likely to see big slide in Realty, Auto and Banking stocks today. Stay away from these sectors for the next two days.
Book profits in Axis Bank, Suzlon, Hindalco, L&T and Sterlite Ind as these stocks have gained decent ground in the past month.Exit Unitech, DLF and other second rung Realty counters.Exit midcap counters and stay away from the market for the next few days.
Investors are advised to take some money of the table in KEC International, Ashapura Minechem and IndiaBulls financial Services, as we believe that these stocks have stretched a little bit more than warranted. Overall, a choppy market is in the offing and bears might dominate for the next few days.
The markets are likely to be shaky on negative cues from abroad and a high degree of uncertainty on the political front, as the exit pole results suggest a tie between UPA and NDA. Metal, IT and FMCG were on the losing end. We are likely to see big slide in Realty, Auto and Banking stocks today. Stay away from these sectors for the next two days.
Book profits in Axis Bank, Suzlon, Hindalco, L&T and Sterlite Ind as these stocks have gained decent ground in the past month.Exit Unitech, DLF and other second rung Realty counters.Exit midcap counters and stay away from the market for the next few days.
Investors are advised to take some money of the table in KEC International, Ashapura Minechem and IndiaBulls financial Services, as we believe that these stocks have stretched a little bit more than warranted. Overall, a choppy market is in the offing and bears might dominate for the next few days.
Wednesday, May 13, 2009
Action to continue in Midcaps
Stock on radar- Indiabulls realstate, Power Stock
Stocks on Dalal Street might take a breather after gaining nearly 4 percent on Tuesday. we might witness some profit booking at this level as 12,250.00 level on the Sensex has been a big hurdle to surpass.
IT led the gainers as the sectoral index jumped nearly 5 percent and it is more likely that the gains in this sector will sustain after intel's comments about improving fundamentals in the tech space. Banking and Oil remained firm. Stocks like Cairn India and other drilling stocks like Sustain might maintain their momentum as the price of crude continued to be strong at $60.
Midcap IT stocks like 3i Infotech and Polaris have shown great momentum on huge volumes and are likely to be active in today's trade.It is not a bad idea to look at some media stocks like TV18, Balaji Tele and Sun TV as they look attractive for a short term trade. Traders should keep a close on eye on stocks like Bajaj Hindustan, Geojit Securities and GTL Infra for some intra-day action.
Stocks on Dalal Street might take a breather after gaining nearly 4 percent on Tuesday. we might witness some profit booking at this level as 12,250.00 level on the Sensex has been a big hurdle to surpass.
IT led the gainers as the sectoral index jumped nearly 5 percent and it is more likely that the gains in this sector will sustain after intel's comments about improving fundamentals in the tech space. Banking and Oil remained firm. Stocks like Cairn India and other drilling stocks like Sustain might maintain their momentum as the price of crude continued to be strong at $60.
Midcap IT stocks like 3i Infotech and Polaris have shown great momentum on huge volumes and are likely to be active in today's trade.It is not a bad idea to look at some media stocks like TV18, Balaji Tele and Sun TV as they look attractive for a short term trade. Traders should keep a close on eye on stocks like Bajaj Hindustan, Geojit Securities and GTL Infra for some intra-day action.
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