Market Report 21 Feb 08

Indian markets seems to overeacting as the global markets , a little negative newz or some minor negative clues the markets lost all gians and looks like bears always wait for the bad signal and started shorting . Shorters are seems to be playing more in markets then buyers.

Even if we compared with in Asian indices we at India always overreact to them in case of loss we fell more then hang sang or nikkei but when its time to gains we dont show much strength .. looks like at this point of time we purely take signal from the US markts and overreact to whatever signal we get special negative signal .

But the day is not far when we overcome them , as of now the positive factor of Indina economy is getting balanced or having less impact as compared to the negative factor of US economy .
We at Indis seems to be more worried for US economy as compared to the US .

Markets will continu to play likle this , ups and downs will continue to be there. We belive to be in bull zone as we are bulls and we think that we can attack back only once we cross 19270 mark . Closing abv that mark we can say bulls are back till its all in ziz -zag u gonna witness.

With the negative clues in US DOW still manage to close in gree with gain of 90 points . But it came down from the day high .
Nikkei alredy trading with gain of more then 200 + points , AS FII are pretty much interested in Japan as of now due to much better economic growth nos.

With the global cueus we will surely have positibe opng and we belive bulls to roar ..
It saw a good accumulation last two days by fund houses and some retailers.
Ruppee is at its low and this could trigger some movemnt in IT segment ..

Watch out for Rolta , TCS here as well with some niche comp ..


SBI and Canara bank reduced the benchmark prime lending rates (PLRs) by 25 basis points, second time in less than one week...

Reliance Energy today outbid Reliance Industries consortium to win the prestigious Rs 6,000-crore trans-harbour link project in Mumbai... its a buy for today..

ABB is in talks for Rs2,000 crore orders from power companies..

Nifty support at 5080-5000 mark.. and resis at 5300-5380 mark..
Nifty is expected to be rangebound in 5000 to 5500 mark.. anything abv 5700 we can see nifty at 5900 lvls...belwo that its all game being played..

Have a grt dAY!!!

Market Report 20 Feb 08

Markets yesterday witnessed the resistance levels and exactly saw the profit booking levels from the indices . It was a choppy trade where sensex loses all its gains after opening with gains .

It looks like the Indina markets are preety much are on the guidelines of its counterparts of Asian markets , after the weak opening of the European markets sensex sheded all the gains and fell to close almost 25 points higher.

DOw in yesterday trade ended in red after opening higher on account of better results by WAL mart . DOw did came into red as the fear of inflation rise as first time the oil closes abv $100 Barallel a mark . The oil has first time in history has closed above this lvls aslo it has touchd $100 mark before but closed below that. Analyst say the demand and rate will rise despite of the enough supply from OPEC.

Markets today likely to be very dull as Asian markets are trading weak and indin markets may follow to open weak and may trade dull .

Govt in a surprising move today extended tax sops to exporters covering transport and storage of goods. Taxes will be refunded back to the exporters. Logistics companies are likely to benefit from this move. Gateway Distriparks, Container Coporation, Patel Integrated Logistcs are few listed players in this segment...

Yesterday listing of onmobile surprized everyone when it was listed at healthy premium and was trading with enough gains almost 150 Rs high ..
Volatility will be very high today .. so trade with strict sl .

Bang Overseas Ltd & Shriram EPC Ltd are listing on BSE today. ..

REC(Rural Electrification Corporation), the govt. owned power finance corporation subscribed in the first 30 mins of its opening.. as most analyst are giving it 3.5 start rating and is good to apply for mid term ..we at moneygurus are reccom our readers and clients to apply for same ..

FDI in cable tv .. some announcements are expected thru budget...

After restructuring its pharmaceuticals and investment businesses into two different entities, RPG Life Sciences hopes to get its pharmaceuticals business listed around March or April.
Reliance Industries Ltd (RIL) and Essar Oil Ltd have raised the retail selling prices of auto fuels – petrol and diesel – sold by them. The private sector retailers have increased the price of petrol by Rs 2 a litre and diesel by Re 1 per litre...

Bombay Dyeing plans to turn around its textile business in FY09.

Shopper's Stop rallied by over 15% to Rs451 on report that Reliance Industries and Aditya Birla Group were interested in buying the retail chain. However, the company came out and clarified that the company was not on sale..
Ranbaxy spurted by over 4.5% to Rs415 after the Board of directors of the company approved demerger of research unit..

Educomp Solutions surged by over 6% to Rs4355 after reports stated that the company has entered into an agreement with Ansal Properties and Infrastructure to set up schools in 16 integrated townships with an investment of about Rs2.5bn over the next three years.. it was a buy call to out memebers yesterday ..

watch out

Ranbaxy board approves de-merger of its R&D unit. The swap ratio has been fixed at 4:1. ..

Reliance Capital gets RBI approval for ARC business..

M&M is targeting revenues worth US$3bn over the next ten years from deals in the defense space involving supply of land equipment systems to the armed forces. ..
Reliance Communications likely to place an order for 5mn set top boxes for its proposed DTH broadcasting venture.

Bajaj Auto gets High Court approval for the proposed de-merger..
Tata Group invests an undisclosed sum in Singapore-based private jet operator, BJETS..
Stand-alone tower companies such as Essar Telecom Tower, GTL Infra, Quipo, Xcel Telecom and TowerVision are planning to consolidate their businesses to compete with existing big three tower companies..

Patel Engineering in a JV with KNR Constructions has bagged a Rs2.1bn NHAI contract..
..
market expected to open in red .. but we may see some bottom fishing and buying in declines...

nifty at support of 5200 and resis at 5380 lvls..

Have a grt DAY !!

Market Report 19 Feb 08

It was a mere fight between bulls and bears in the markets yesterday . The positive trend was there in mid caps and selective stocks. The markets closed with slight negative mindset. There is no clear cut cluees where the markets is headed today we expect markest to move towards flat kind of opening and with positive bias..

One can trade long till nifty trades abv 5250 mark or 5300 mark. The pre budgt rally is looking like a bit slow , but once we cross 5600 in nifty we can surely see 5800-5900 in nifty .
The retail participation is not that much in markets thats what making the volumes quite loq.

Government today announced the issue of '7.95 per cent Fertilizer Companies Government of India Special Bonds, 2026’ for Rs 3,610 crore (nominal) to 23 fertiliser companies as compensation towards fertiliser subsidy during the current financial year. Chambal Fert, Magalore Fert, Nagarjuna Fert, RCF, Tata Chemicas, Deepak Fertiizers are reported to be eligible for the above mentioned bonds..

FIIs were net sellers of Rs3.42bn (provisional) in the cash segment on Monday. Local institutions too were net sellers of Rs1.34bn..

Financial Technologies has informed that its subsidiary, the Multi Commodity Exchange of India Ltd. (MCX) yesterday filed the Draft Red Herring Prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) in connection with the proposed IPO...

Shares of OnMobile Global Ltd. will get listed today. The IPO of public sector power lending company Rural Electrification Corp. will open today. The issue is expected to do well despite the recent turbulence in the primary market and the disappointing listing of Reliance Power. Most brokerages have recommended a 'subscribe' to the issue...

watch out for..

Reliance Industries is in advanced talks with the New York based Vornado Realty Trust to float an over US$1bn fund..

Tata Power has tied up with Thales to offer optronics solutions for India’s multi-role combat aircraft and other air-borne platforms..

Indiabulls Financial Services launched chartered aviation services after successful foray into financial services, broking, real estate, retail and power ventures..

United Phosphorus Ltd (UPL) has purchased 100% stake through its subsidiary of Evofarms group of Companies (Evofarms), a major Marketing Company of generic products in the crop protection industry headquartered in Bogota, Colombia..

Everest Kanto Cylinder has granted an In Principle approval for acquisition of all the assets of a large manufacturing Company in the United States of America in a similar line of business, for approximately USD 70 million...

Unitech is developing 97 acres under slum redevelopment project near the Vakola flyover..

Bank of Baroda will consider lowering lending rates on February 23..

Educomp Solutions has joined hands with Ansal Properties to set up schools in 16 integrated townships over the next three years..

Assam Co is planning to list one of the group companies on the AIM part of the London Stock Exchange, by October. .

Aditya Birla Group is likely to enter into alloy steel production with a 2mn tons per annum plant through Vikram Ispat...

Tata Sons has made Tata Investment Corporation its subsidiary by consolidating its stake to ~55%..

Sensex likely to take support at 17780 -17970...resisi at 18228 and 18993 lvlss..

Hava a grt day !!!

Market Report 18 FEB 08

Markets last week was in see-saw zone with loosing its gains in the first three days and cvring almost all the losses preety fastly. Sensex closed gaining almost 1500 points from the last three trading sessions. The upmove was more or less a kind of short covering followed up wih good global cues and some bottom fishing by the FII and domestic investors. The markets are likely to continue its gains of the last week with REL power giving positive newz to its share holders of issuing the bonus shares excluding the promoters.

The nifty last week tumbled to below 200 DMA and closes well abv that at 5300 mark .. The nifty might rally up to the resistance zone of 5545-5600 mark in short term rally . FII are expected to pump up the money on the prebudget expectataions , The pre budget rally may give sensex support at 17150-17250 and might face resistance at 18950-19000 lvls..

There are multiple resistances around the 19,000 mark. The weekly and monthly charts show resistance at 18,900-18,950, while the quarterly chart indicates resistance at the 19,000 level. The index may face resistance around 18,750-18,950-19,150 this week, while it is likely to find support around 17,470-17,270-17,070.The Nifty moved in a range of 512 points. From a low of 4,804, the index rallied to a high of 5,315 and finally settled with a gain of 3.6 per cent (183 points) at 5,303.The index dipped below its 200-day daily moving average (DMA) last week, but has bounced back sharply and is now above its long-term (200-day) and short-term (20-day) DMA. The long-term DMA is 4,998 and the short-term DMA is 5,178. The medium-term (50-day) DMA is 5,700.If the Nifty crosses the 5,400-mark (quarterly resistance), it may rally up to the 5,600-5,700 resistance zone. This week, the index is likely to find support around 5,105-5,050-4,985. On the upside, the index may face resistance around 5,500-5,560-5,620

We expect markets to have a long term uptrend once it closes abv 19150 and 5600 in nifty..

Rpower will be in limelight today , with the newz of bonus share we expect the script to touch its issue price of 450 and abv ,ALL who are readers of moneygurus and are registered with us we have alredy given buy call at nifty 4850 and now we are sitting on pretty good profits of 20-30%..

AT the time nifty was trading below 200 DMA we initiated buy calls .. and here u can see the result..

Watch out for..

UTV Software is reportedly selling 17.15% stake to Disney for a whopping Rs.1300 crores..

Gammon India is floating a logistics firm and is investing Rs 300 cr in the venture.

Tech Reliance, the information technology company being floated by Reliance Communications (RComm) is likely to tie up with Accenture.

Ess Dee Aluminium is reported to acquire reeling India Foils soon

Canara Bank is all set to enter the booming broking business, to launch online trading soon

Jindal Power, a subsidiary of the BC Jindal group, plans 4,500MW generation capacity in four years

Jindal Saw would invest Rs3.5bn to expand its seamless tube business..

Hindustan Construction Company and Dabur plan to foray into wine business..

Sesa Goa is likely to gain amid reports that Japanese steelmakers, led by Nippon Steel Corp., have reportedly agreed to a 65% increase in annual iron ore prices...

Positive opng . with steady trade...

Have a grt dAY !!