market Report 08-02-08

It was all bears .. and bears.. all the way. The massive sell off came yesterday in the later half did surprized everyone . All started talking about the bears attack and the newz of bulls dying started round the corner..

The Sell off came when the economic data came and which is showing the slow down in Indina Economy a bit for this FY .
The operators say the sell off came from the FII belonging to the Us side . and the sell off came as fast as one can think..

AS we are lacking any fresh triggers and following the Global markets , The Indian markets may be in a bearish tone for the while , yes analyst are getting bearish and some are giving very bad targets for nifty as well as sensex , but we are not sure , we believe a mild bearishness in the sensex and we will see new hikes six months down the line .
The time is not far when markets will decoupled themself from the US markets and will outperform .

THe budget and RPOWER listing would be the main events to watch , Coming time a rate cut by RBI would also be definte positive trigger and FII would resume putting money in the markets.

RPpower listing on monday and people still believe that they can see the price to 800-900 lvls , but the power will be shown if we can sustain that levels.

Budget would be the main event to be watched by the bulls. to make a come back .

Rest we expect today a flat to positive kind of openeing .
DOw closed in minor positiveness in the last half hr of trade..

Later half could be much better and we may expect to close well abv given support lvls for nifty at 5250 lvls..

We told yesterday breaking 5250 will see 5120 lvls and u can see where we are 5250 was broken and we touchd 5120 to close at nearby lelvls..

FII were net sellers in yesterday trade and their avtivity today also would be noted..

watch out for
NTPC forms JV with Bharat Forge for manufacturing castings and forgings for power plants at an investment of Rs30bn.. to day ..

also NTPC revises plans to develop wind power project with generation capacity of 100MW from original 50MW.

Mcnally Bharat plans to invest Rs2bn over next 15 months for heavy engineering and forging unit in West Bengal..

Reliance Infratel to erect 56,600 towers by 2010...

Indiabulls Real Estate buys out DLF’s stake in Kenneth Builders.. it was abuy call yesterday by moneygurus..

UTV Toons, animation division of UTV Software to be merged with the UTV Motion Business..

ADAG hikes its stake in Deccan Aviation to 10.76%. (ET)Indiabulls Real Estate picks up stake of DLF in Tehkhand residential project at South India...

.. trade with cautious ..and dont make avrg of ur buys...

stay in cash..
Dont get folled up by sudden spike .,. and daily sqroff up post as mrkst are not to take long post as of now...

have a grt DAYn !!!

market summary 07-02-08

US seems to be in no mood of recovery , and people are facing the worst time in stocks over there. Although US media looks like in no mood to boost theiry feelings and daily giving recession newz . If recession is there how much India going to get effected , We believe that India as its own growth story , what is getting effected is sentiments not the economy .

Across Asia if recession effect is to be considered we believe that India will be definately a outcome winner and we will be least effected .
Yes some how a bit exports and IT may get effected due to lower expenditure on IT by US Comp , but most of comp have alredy started finding their alternatives and the prime focus is being shifted to Europe and UK side..

Markets closed yesterday with a mild recovery . As compared to other Asian country Indian markets closed in good enough support levles.
Today also we expects markets to open negativa to flat.
Intraday volatility may be theirand the overall day is believed to be rangebound with not much downside and same time no more spikes..

Power sector and Fertilizer sector is key to watched .Ahead of Rel power listing on Monday we may see some action in power stocks ..

Our call on Nagar Fert was in action yesterday and we saw the rise across the sector including the leader Deepak fertilizer..

Mid cap in yesterday trade did'nt saw much cut and it seems like mid caps stocks are making their bottoms and are likely to rally further in small time..
As we know currently frontliners are making all the action in the markets and the last 2-3 days back recovery all lead by frontliners , Mid caps were notlimelight and it is expected to make some action as soon they got some attention..

MId caps looks good at these levels for accumulation .
We have given our pics to the memebrs of Moneygurus ..

Bad response to ipo's are making comp to take some actions ,The latest example is Emaar MGF’s mega IPO, which has not just been extended by five days, its price band has also been revised once again. The issue will now close on February 11, according to investment banking sources.The lower end of the price band has been brought down to Rs 530 from Rs 540 a share. The shares will now be priced between Rs 530 and Rs 630 a share...

..

watch out for

IOC may seek board approval for its Rs50bn Haldia paraxylene plant.. today .. our buy call is stil pending on with trgts..

L&T plans to invest US$5bn on power generation business; targets 5,000MW capacity in next five years..

SCI may invest US$800mn in its shipbuilding foray.. its very good mid cap buy at these lvls.. for mid term..

Ispat Group has acquired two coal blocks in Mozambique.. accumulate ispat..

Arvind Mills may demerge its brands and apparel retailing businesses in to separate companies.. chk out.. today .

Mundra Port to invest Rs100bn to raise cargo capacity..

Mercator Lines to acquire three dredgers for US$100mn in the next six months.. our buy call running .. trgts pending..

Reliance Industries is likely to enter realty space in a big way..

S Kumars Nationwide's retail unit Brandhouse Retails Ltd is likely to expand its total network of stores to 400 by the end of this year and to 1200 stores by FY 2010. its abuy in dips..

GMR Infrastructure acquires a cyprus company Delridge Ltd for an undiclosed ..

accumulate gmr..


Nifty is at support of 5250-5100... may face resis at 5300 5360..

longs can be hold keeping these lvls in mind...
have a grt day ..

market Report 06-02-08

THe overnight risk is here and its gonna stay here... As told that we will follow the global cueus for the time , and what we have is a very bad clues this morning . US markets tumbled after the weak job data came , Recession is almost confirm , and all aisn is trading with deep cut.

From here on we can see some cut coming into our markets also , but we dont advise to go short ,as the India itself is in growing state and there are number of issues that is leading bears right now.

Mid caps have alredy in their dips and we dont see much downside and as of now , RIl power allotment is done and people are getting their money back , The money would definately be going to enter the secondery market .
The market if open with gap down will give chance to swing traders but we advise wise traders to stay away and wait and watch policy .. as of now..

nifty at 5000 anfd 5050 is a very good spot any closing below that we can see some more blood ..
but if we stays abv that lvls there nothing to be worry and positions can be hold..

As there are not much FNO positions in the market the marging fall is not expected..

some good scripts can be bought which recovers fast and stardily..

Stay in touch with Moneygurus to benefit the most..

TCs laid of 500 emplyes under 2 yrs exprnc .. for performance issues..

HCL Tech is close to clinching a US$1bn outsourcing contract from a European telecommunications company..

..Canara Bank, Corporation Bank and Allahabad Bank have decided to lower interest rates on housing loans..

Reliance Communications to test-launch its DTH services, Big TV, this week..

Indiabulls Real Estate is planning a US$1.2bn IPO for its property trust on the Singapore stock exchange..

GMR Infra plans to bid for modernization of Prague airport..

GMR Infra to de-link its real estate project from the Delhi-airport upgrade plan..

Mercator Lines is planning to expand its business portfolio with an investment of around Rs60bn over next few years..

it was abuy call by moneygurus last week..

GTL enters into a strategic alliance with Ericsson UK for providing managed network infrastructure services in the UK market. (ET)GTL is close to acquiring a US$200mn European company. ..

Prime Focus and Warner Brothers enters into an agreement to provide film makers access to their post-production services..

have a grt day !!

Market Report 05 -Feb -08

Sensex continued its gains of the friday and we witnessed a good pull back of nearly 1000 points in last two trading sessions. The markets was looking very good and intraday gains were also sustained yes in the end market came down from its resistance lelels closing with good gains.

All the asian markets also traded very strong yetserday and closed with decent gains.

Today we have ssen some amount of profit booking being going on in DOW Jones . The DOW closed by loosing a three figure mark by over 100 points. Asian markets also trading weak with all Asian markets in red , seems to be some profit booking by investors as the confidence is still not back .

Indain markets showed very good momnetum ..

Our calls of yesterday inclusing rcom with newz of value unl;ocking did trigger the price of script with script price touching the high of 699 .. closing a bit below its days high lelvs,,

Crossing the resistance lvls the script can further go upto 723-753 lvls..

Other calls inclusing IGL , JSW , Tata Motrs , GMR infra , BHEL through Moneygurus also rocked..

Today we have to see whether our markets can isolate themselves from rest of Asia and can show some strength , We believe a flattish kind of openeing , Markets looking good as FII were net buyers yesterday trade .
Openeing could be negative but intrday swings would be there, so take cae while buying and dont get trapped at higher lvls of buying..

watch out for .. Prithvi info sol today with its order newzz of 300 cr..

ICICI Bank will share its home loan business with its 100% subsidiary, ICICI Home Finance Co. The bank plans to finance home loans only up to Rs2mn while home loans above Rs2mn would be provided by IHFC...

REL comm and bhartii watch out as decks have finally been cleared for the likes of Bharti Airtel and Reliance Communications to provide IPTV services..
..
GVK Power plans to set up a thermal power plant at Talwandi Sabo (1,800 mw) and another coal-based power plant near Rajpura (1,200 mw). .. looks good in dips..

Voltas is likely to bag a large overseas order worth Rs6-8bn..

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Lok Housing has proposed to issue 5mn convertible warrants on a preferential basis to three promoter entities at a conversion price of Rs354 per share..
Jindal Saw expects its infrastructure, transportation and fabrication (ITF) subsidiary to contribute around 50% of the company’s top line by 2012..

good buy .. jindal saw..

Yes Bank is planning to raise up to Rs7bn through issuance of two crore fresh equity shares.. our buy call was at 230 .. now 250 +.. keep holding..

..

trade with caution .. volatile day expected..

HAVE a GRt DAY !!!

Market report 04 FEb 2008

The new month is here , We all from some how who act as in favour of bears were hit by some percentage in this bear VS bulls fight. Bears gradually taken control from bulls and result in some laks of crores wealth being taken away from invetors.

The new month is here and last week closing on the sensex was pretty interstting . The closing came with when whole week was in bears trap and volatility was on its peak .
The coming time volatility will remain as such till we enter into permanent uptrend and investors sentiments get settled off.

The closing lastr week give enough hopes for this week and we hope to see a postive rally this week . Ahead of fresh month and budget the only trigger on charts in comin time we hope to see Indian markets to touch its resistance levels.

But as of now the markets are clearly following the Global markets and we may follow them in all the day trade , as global markets are showing strength from last 2-3 days as of now , We hope to see indian markets with positive openeing and show strength too.

The nifty levels are to be watched and closing below the support levels could give more downside and we may drift down more . Sensex and nifty both are in rangebound as of now.

The makrts need to show its strength and close abv the support lvls for 2-3 trading day atleast..

IT showed a good momentum on Friday we had mentioned alredy last week about to accumulate IT stocks in frontliners as the Fund houses and long term investors are aggresively looking at it ahead of current valuation they are available of. The valuation is much lower then the Sensex valuation . and are trading lower than their PE value as compared to other stocks.


Frontliners in It looks good and still can be accumulated for long term .
also look out for Wipro that is having newz of its foray into defence domain soon ..

Rel comm is again in newz , this time another IPO and it is of Reliance Tower i.e a part of Reliance Communication..
The IPo is planned to raise 6000 cr Rs.. watch out for Rel comm in cming time..

GMR infra is also one pic that we suggest in daily trade to accmulate .. with its newzz of aquistion ..it may show some action..

also look for tata motrs , bhail , ifci today in newzz..

Have a grt day !!