MARKET SUMMARY NOV MONTH

November was not the good month for the bulls , overall market was in correction face , where all the indices which had gained more then what they expect got corected.

stocks like REL , RNRL , RPL, MAYTAS infra , DLF , UNITECH , almost all frontliners got corrected .
MID caps were in action for some time till sensex had given even correction to frontliners but at one point of time the frontliners started looking cheap and they again gained focus .

NIFTY was having support at 5470 which got brokeen so the immediate support of 5400 was made . As of now 5400 will remain as rock solid support for nifty and it traded in range of 5500-5700 for quite a few days .

Bears tried to win over bulls but bulls always fighted back and alwaz made a impressive comeback in the markets.

RPL did the trick in the end of F&O expiry as we always told our readers about the rumurs in the market and that what happened , we saw a huge short covering in RPL in the end which make the counter to jump from 188 lvls to 223 in intraday position.

Afetr a global rally in last week , Indian markets did'nt perform that much due to F&O expiry but certain scripts alredy started moving .

FRESH highs were seen in Neyveli lignite , HDIL , Indiainfoline , jp assoc , essar oil
15 more scripts gt added to F&O which make these scripts to have couple of circuits like ISPAT , DCB , WWIL , gitanjli gems, ..

As of now nov series was not god as FII almost pulld out $1.26 B from indian markets . and ahesd of holiday season we are not sure that fresh money would be pumped in .


Some imp announcement taht came in last week like

Sebi has also reduced the minimum application value in IDR from Rs 2,00,000 to Rs 20,000.Sebi has also made permanent account number (PAN) mandatory in public and rights issue. Until now, PAN was mandatory for application value exceeding Rs. 50,000.The market regulator has also said that a company can issue shares to retail investors and retail shareholders provided the discount does not exceed 10% of the price at which shares are issued to other categories of public

Dec. 11 is a crucial day for world markets, as the fed will meet to assess the impact of the previous rate cuts and consider further monetary easing. Right now, Wall Street is betting on a 25 basis point reduction in the benchmark fed funds rate. Though, positive economic reports, like yesterday's upwardly revised GDP numbers (4.9% growth in Q3), could dim the prospects of another rate cut from the Fed.


As of now the start for the DEc series was go0d , with The Sensex closed at 19363, up 359 points while Nifty closed at 5762, up 128 points from the previous close. The BSE Midcaps Index was up 2.2% and BSE Smallcaps Index up 1.3% and all the other sectoral indices were also in the positive with big gains. The market breadth closed positive with advances at 815 against declines of 378 on the NSE...

Have a great weekend ..

GREY MARKET PREMIUM

Jyothy Lab. 620 to 690 250 to 270

Burnpur Cement Ltd. 12 5 to 7

eClerx Services 270 to 315 120 to 125

BGR Energy 425 to 480 375 to 400

Edelweiss 725 to 825 750 to 775

Renaissance Jewellery 125 to 150 22 to 25

Kolte Patil 125 to 145 70 to 75

Kaushalya Infra 50 to 60 12 to 14

SVPCL 42 - 3 to -5

Yesterday it was a very choppy day , we were expeting a bit of volatility but the way markets lost all its gains after late hours was really depressing . The advance decline ratio also got widened . Last day of futrz and options expiry and investors seems to be cuting dwn their positions.
Few fresh positions have been created and open interest have been created.
Coming ahead in the dec its a holiday season , and all the investors and hedge funds are un winding their positions to write off some profits in their tardes , that is one of the reason why we are witnessing profit booking at all higher lvls .
Whenevr market tries to rally we see a profit booking coming in .
Nifty seems to be in range between 5600-5750 as of now .

AS of now we have seen the $ 1.25 billion of selling by FII approx.

coming month the market will be rangebound , the rate cut by FED may act as some trigger and may give fresh money cming to emerging mrkst .
And if that happns we willdefinately see new highs in Indian mrkst as well .

Today we got inflation nos cming so keep an eye on that also .

Telecom buzz is seems to be settling dwn a bit . a detailed report would be there on moneygurus in the eveng . dnt miss that ..

RPL did some tricks yesterday , some huge fresh positions have been build up ... in this , that was reason of RPL gng into BAN .. some brave hearted persons have gone long on RPL so keep an eye ...
chk the rumurs page for more ...

WIPRO is all set to get a multi million deal . The deal is for several yrs.
THE deal would be with one of the leading missile manufacture of worls .
Wipro gonaa a huge revenue incrss with this deal

Mercator lines is all set to enter the ship building buzz . Its a good bet as the diversification will def help the comp to grow further.

DLF is in newz daily , noe its planning to tie up with one of the retail major of abroad for its launch in INDIA .

Crude seems to be getting settlf dwn at below 92 $ mark , it may go furthher dwn frm here ..

surya chakra announced to raise $100 millin overseas , we have a buy cal on these for trgt 50 rs ..

Real Estate stocks were back in the limelight
as Maharashtra Assembly cleared repealing of the Urban Land ceiling Act .
this make the trigger for the staocks that got a chunk of land in mumbai area , stocks like
Orbit Corp rose , Peninsula Land ...
Bombay Dyeing (moneygurus favrt here ) Akruti are the few which will gain momentum from this newzz.



ONGC is in newzz for striking gas in rajasthan ..


keep an eye on ashok leyland and hindalco for this month futzz contract .. its a moneygurus pik for futrzz segmnt ..

GMR Infrastructure is looking to bid for privatization of Prague airportGMR Infrastructure is looking to bid for privatization of Prague airport .. also

As of noww we expect another day of volatility today ..so trade cautiously..


Dont forget to chk our rumurs section daily(page seperated in link section) , and please vote to boost our confidence..
Its the month end we will publish the month end report in the evng ..


nifty support at 5560 . resis at 5730 ..

Stocks to watch out today( 29-Nov -07)

Nothing much better then this can we get , all around positive clueus , DOW closing with three figures gain with more then 300+ point rally , All asian parts are following the same .
THe dow had recoverd more then 500 points in last two trading sessions.
THe recovery was mainly on the newz of Rate cut by FEd on 11th of dec and some intersting newzz coming in regarding the econy in US .

THe other positive factor was crude thaty fell from record high lvls to below
92 $ mark . So some sought of relief in crude due to OPEC rising production .

Yesterday it was choppy sessionas we had a strong opening and later half the mrkts fell like anything ,We have given yesterday that below 5680 we can see nifty going more dwnwrds and that happened , markets lost all its morng gains and fell to below support lvls .

Stock specific action was there and all our morng calls were in gains .
We reccom once again all reders to not wait for much higher lvls and book profits as soon as they get .


AIr deccan our multibagger recom at 150 lvls made a awsome performance with touching 267 marks in yesterday trade .
Air deccan merger with Kingfisher are roaring high in the mrkts . We hv suggested to book profits at 250 lvls and 175-183 lvls . for risky traders.
Mallayas United spirits has been always in lime light , its again in newzz of some stake sale to foreigns invstmnt ppl .

Look out for shaw wallance here , its a value pik at these lvls .

Yesterday call on DCB rocked during mrkst hrs , it was in circuit with other invstmnt calls.
DCB recom at 129 lvls made a excellent upmove to go in circuit . Still some action expected ..
Watch out till it enters the F&O curb
.
Gitanjli gems is also looking gud here .

DLF all set to raise 12,000 cr , it got huge expansion plans . WITH buying aman resorts it plans to add more resorts to same brand name in futre, its a but at 800 lvls -850 lvls .
very gud long term pik .

Omaxe made a excellent cmback . It was undervalued , at 300 lvls . Now abv 400 it made a very good upmove in account of short cvring . We can see furthermove to 440 lvls in this couinter . at 420 + we suggest to book half profits .

Club mahindra planning to IPO , ALL listed travel , tourism comp are gud pik . watch out for Thomas cook at thes elvls , good value pik ..

IT stocks have a very good rally in US mrkst , it may see a little pull back in IT today in Indina mrkst also .
THe stocks to keep an eye are Satyam , Rolta , naukri , infyosys and TCS ...
They may see some recovery in dec also .. so one can go long in these counter , but nt much highs are expected.

Puters call for today : eveready indus : trgt 65 rs.

Expecting to nifty to open at 5700 marks and as its a last day for F&O expiry we may see + ve day on account of shorts covrng and value buying in dec series.
Trade cautiously it is expected to be very volatile ..

Have a grt DAY !!!

Stocks to watch out today( 28-Nov -07)

Markets dipped a bit on account of global cueues , but wat was amazing was the performance by midcaps and some small caps . Mid caps were definately were in action yesterday . At these valuations Fund houses and retail investors are seems to be piking up the counter in which they see some value and which can give them some good return down the line .

This kind of action we may see for more days ., and there would be stock specific action round the corner with seleted counters boaring the train to move further .

All the call we mentioned were in gren and some performed extremely well .
Decccan avait call which we reccom at 150 as multibagger yesterday touchd at 250 rs almost 100 rs gain .. after crossing 246 and closing abv that we have reccom to book half profits here .
246 and abv we can see 282 lvls in this counter in the cming day s on momentum buying .


DLF was always our favrt . its a buy at all declines 800 -850 lvls are good buy in this counter.
DLF accuired major aman resorts .. AMAN resorts gt a good presence in hotel indus . The gt 22 more hotels which are accuired by DLF . THe foray in to hospitality secotor further gona give more revenue to DLF .

Yesterday we warned everyone to stay away from bhushan steel , now u can see the script corrected and fell , although we mentioned yesterday the rumurs of stake sale by one of promoters , but still the pict is nt clr , One of the son of bhushan steel wanna sell jis stake to AV birla grp .



PVR we mentioned 1-2 days bk . WITH huge expansion plans the scripts has risen very sharply . from 210 lvls to UC at 270 = . WITH some major fund houses accuiring this counter
this can hv more upside may be towards 300+ to 350 lvls . in cming days .
ALso keep an eye on INOX leisure and cinemax here . Rally in PVR may also give some spark to these counters.

AShok leyland we reccom at 42 odd lvls few days bk and that was only call was under performing , it touch high of 48 yesterday . THE rumurs of volvo in forming a JV and stake sale are booming . Keep an eyee..


INDIA infoline reccom at 3 dayz bk in on conti upside with stakle sale on newzz and we see it as a gud invstmnt buy...

MUNDRA gt a aexcellent listing as expected its trading around 1000 lvls . THe major revenue generator for MUNDRA is port buzz , cming time teh revenue gonna incrzz as other port wuld also bcm operational ..

IDFC made a gud cm bvack tarding abv 202 , at 209 .. we can see 220 lvls id stays abv 202 lvls .Lots of short cvring left in this counter .
we hv mentiond 250 trgt for mid term in IDFC . Its avery bullish counter .

TATAs are ahead of ford , jaguar deal we hv mentiond this few dayz bk also .
KEEP an eye on this hw mrkst take this newz.

RPL is still in ban and will be in ban till expiry , so ppl who are long fro 270 lvls gt tarpped , we can see recvry in this counter after futrzz settlmnt .

Petronet made a cm bk , some action expected .. keep an eye..



NIFTY closed near to 5700 mark as it stays abv 5680 its good and bullish for mrkts. anything ab v 5750 will take nifty to 5800 + mark
WITH Asia trading as flat , DOW yesterday had a massive 200+ points rally on account of Citigrp newz . but Asia as of noww nt reacting to that .
WE had a F&O expiry cming neares . WITH alost 40% rollover . which is good eneough .

FEd is meeting on 11 th dec , and analysts says the cut of 25bps is there.


Have a grt DAY !!!

Stocks to watch out today( 27Nov -07)

It was a comeback rally for the Indian mrkts . The main sectors which were in limelight were steel and power .

Steel sector was buzzing ahead of newzz of steel prices being hiked . Scrips like bhushan steel that gained almost 50 % have no such view for such a sharp rise that could be a speculative rise . There were rumurs of stake sale in that counter but it was turned out by the company spokesperson at one of the newz channel . Steel price hiked may give these scripts a spark that we have seen here . Sail looks good here , so as JSW . but stay away from bhushan steel .

JSW has a mega expansion plans . JSW is what we gonna add to our new multibagger list .
JSW also planning to IPO for JSW power . 40,000 cr expansion plans on charts . Although company has very good fundamentals . And we expect to give excellent returns . It shuld be accumulated at every dip .

REL Power IPO from REL is facing some glitches as the new face value changhd newzz is triggering . Comp is planning to change the ipo price from 2 to 10 that means if it was pricesd between 70-80 now it will be 400-500 rs .
REL touchd 1800 yesterday . REL is planning for 1b$ for coal mines in abroad .


Arvind Mills is again in limelight . This is one of the best sectorial pik . Although the rise is limitd .
Arvind mills planning to hive off its retail deivision by name of MEGAMART .
THe new venture would be seperate co ..


Shingar cinemas yesterday we only given the newz of ADAG pack buying stake , it was licked in UC .. we can expect some action to day also ..

BALAJI telefilms gaining from last 2-3 sesion on newzz of stake sale to a PE firm . Traders can play in this counter .

RPL did a lot of drama . Inspite of 4% stake offloading by promoter at 223/per share , There was expectation of rise in stock price . Also it got out of F&O ban , so many of big houses were expecting the price to rise further .
But the latest rumur says some close circles have shorted the script at 275 lvls and they want huge profits so do not expect any rise this expiry , There was a huge build up at 2.3 cr shares yesterday in rpl for dec series . So u can predict what fishy gng on this counter . DEc series u will see some action in this counter . BUt nov series one who is long has to do rollover or book loss ..


Air deccan is also one script that gt a build up , looking strong . We recom this at 188 lvls . now 210 . Still some action left in this counter ..

Our invstmnt call SREL infra , dnt miss it to buy at dips .
yestrday calls all clsed with huge gains still cromptan , indian info , mcdowell s looking gud ..

Global cues are weak this morng . Dow fells almost 250+ points ans al asian mrkst following the same . our Indian mrkts are nt completely decoupled from the rest of world . so we also expect the weak morng . But the recvry could follow up soon in later half . But ahead of F&O expiry we strongly reccom to stray away from futrzz segment bcoz mrksta re very volatile at this point of time and u can burnt ur fingers in this volatility .

If nifty remains abv 5800 .. we are bullish dwside we can see 5680-5650 lvls .

Have a grt day !!!

Stocks to watch out today( 26-Nov -07)

Sensex took a turn on friday as expected , and we recoverd almost more thyen 300 points on friday . It was much as short cvring that made this comeback and a bit opf fresh buying in frontliners .
The signs of worry were bcoz of FII figures thay were net sellers in last week and seems to be ahesd of the year end profit booking is going on due to holidaqy season . The friday rally was also due to the money being put in by the DII i.e by mutul funds , They were the net buyers to make the mrkts move further . FII not putting fresh money which does'nt means that they have opted uot , We expect a fresh lot of money cming in start of new year . And we still believe in THe figures we have given for june 2008.

Crude soaring to almost near to 100$ barallel . Its almost doubled from start of yr . Energy stocks might being effected from these lvls .

Sensex jumped from its lows of 18200-18100 lvls .Here nifty also took u turn from 5400 lvls .
Sensex and nifty both seems to be in range noww . Any turn below 18100 and nifty below 5400 mey take it towards fresgh ddwntrend and we may see lower lvls like 17100-17500 .

But with the support of 18100 and 18200 . We have to close abv 20 , 000 mark to make a frsh uptrend . Any closing abv 20 K marks can make us to reach 21500 lvls .

Stocks Sprecific movement would be there . Last week small caps and mid caps were beaten but a cm back was made guided by stocks like JPhydro and Neyveli lignite .

We see a momentum buying to continue and traders can play in these counters but profit booking is important in these counters.
Neyveli lignite is onj bullish trend . We have reccom this conter for invstmnt at 130 lvls .

We see a trgt of 250 for neyveli lignite . Fresh buying cal also be done . 180 is support for short term basisi .


RPL is also buzz of the week ahed of owners offloading 4% stake at premium we may se frsh buyouts in this counter . RPL if sustained to cross 225 lvls . and close abv this . It may gt to move further . STock has beaten up badly frm 270 lvls trapping lots of investors.

watch out for sterlite today , Its arm Vedanta is being looked upon by the chineses investors for the stake buyout . Theey are planning to buy the stake in vedanta . This arm of sterlite is defint gonna help sterlite to move higher .. due to newzz based buying .

FII are buying stake in Nitco tiles . 15 % stake is wat they are picking up .. look out for valur buying in this cou ter .


DLF cinemas arm DT is being lookled upon by Adlabs (ril arm ) and shingar cinemas ..
Also thr was rumur of shingar cinemas being lokd by ADlabs .. for take over .. thats the reason of shingar cinema buzzing last week ..


Jindal steel and power was a rocket gainer last week and was locked in UC .The stock split newzz was roaring across the street ,.Its a purely ahead of valuation . ANd we wont be surprized to see its moving ahead more ..as lots of punters are giving bet on this ..

India infoline was also buzz this monday ahead of the stake sale in one of its arm . WAtch out for some firewrks in this counter ..

Stocks like power GRID , NTPC all jumped from their lowss . They still can be accumulated ..
IFCI we may again see 100 lvls soon .



Markets are expected to be a bit volatile .. so trade a bit cautiously .
Have a gr8 Trading DAY . !!!