Today FM is the key to open the locked doors of bulls , all bulls are trapped and only FM holds the key to show them the way . The Union budget today is being looked as major trigger by many of the investors but many of the analyst says as its as no major event .
But we see it as some how major event for the bulls , a good abv norms can definately boost the confidence and can make bulls some win over the bears.
The last 3-4 days trading session we have seen markets being going noway , and finding themselves away from the global markets , its in some how got decoupled from the asian markets and trading on its own.
Yesterday trade in case of FNO expiry was very sluggish and choppiness was seen . But sensex and nifty both did'nt broked their suport lvls.
It is been advised to the investors and resders to just wait and watch today policy and lets c how markets reacts to the budget.
FM is likely to gv some positive announcements for textile . pharma . IT. Pharma is expected to hv some tax benefit in RND services.
Fertilizer will also be looked at for havng more subsidies in their favours,, nagarjun , chambal , deepak ., nocil .. keep an eye..Oil sector was in limelight from last 2 months , sector is looking for number of tax and duty changes and has greats hopes from the FM ..similar from the Automobiles sector which is hoping for some reduction in excise duties from FM..
FII also benefir with some FDI and investmenst could be increase in space like insurance , finanacial, banking, media , aerospace and others...
More or less even a flattish or average budget will take market to nowhere becase markets are alredy at their bottom so what expected form here is .. the downside is limited and maximum to 4800 where the sensex formed the double bottom ..
But any good newzz and positive statements can take markets to be carried away by bulls.
watch out for ...
India bulls acquire its partner Dev Property Development (DPD) in an all-stock deal...
Gammon India has filed the Red Herring Prospectus in connection with the IPO of its subsidiary Gammon Infrastructure Projects Ltd (GIPL)...
Apollo Hospitals is likely to set up a Rs 280 cr hospital in Mauritius..
NIIT Technologies has acquired German-based SofTec GmbH..
Sonata Software Ltd has teamed up with Oceanus, a UK based company ...
DLF is likely to invest about $5 billion or Rs 20,000 crore to build and operate more than 25,000 rooms in the next 7-8 years....
Aban Offshore Ltd has received a 3 well contract offshore Myanmar...
trade with proper stoploss and cautious today...better to just watch the game....
Have a grt DAY !!!
Friday, February 29, 2008
Thursday, February 28, 2008
Market Report 28 Feb 08
Markets again attacked by the bears in the later half and the trigger was none other then the negative news from the credit concern from the europe and when the europe opened in red, the sensex overreacted and bulls were again beated down by bears .
The data clearly shows the FII creating fresh short positions and even the shorts being rollover by the march , time is not far when the trend will reverse and the short being converted to longs .
Indina seems to be overreacting to any mild -ve news and neglecting all the positive news , but we have faith in emerging market of ours when hangsang was up and closed with modest gains why sensex being chopped and made to fall , ofcourse the sensex is anytime giving better retun then hangsang .
What all is needed is a good budget and here we goo ...the bad days will be gone. Meanwhile the stock specific momnetum continies and news based buying was there . We had asked all not to catch up in early spike so no calls were gvn in monrg but mid dayn calls and btst were target hitters by moneygurus.
ANyone can regiter with us and enjoy the free service , as of now at the given link .
Today with the DOw closing with flat , Asian markets are trading a bit weak and ofcourse when sensex could not stand the postitve markets how would it react to the weak market but we expect sensex to show its momemtum in the later half and what we have lost yesterday will be balanced today , so we dont advise u to biuld any short positions from here on .Short can only be build if nifty cant stand 5250-5200 mark abv that there should not be shorts build up.
FM would be in action tommorow expectation od textile , fertilizer , infra ,rubber , jewellery ,IT and ofcourse export sector all these were hit by ruppee appreciation factor. and gonna get some advantage ..we are out with momentum calls for budget..
Expectations are that the corporate income tax rate may be cut or the 10% surcharge on corporate tax may be abolished. The surcharge is 10% on a tax rate of 30%, making the effective corporate tax rate 33%. Another possibility is that of a cut in dividend distribution tax from 15% to 12.5%. ..
Also FM may raise the Securities Transaction Tax (STT) slightly. STT is currently at 0.125% on delivery trades. STT is 0.025% on non-delivery trades on sell transactions. STT is 0.017 % in futures & options segment on sell trasactions.
Watch out for ..
SpiceJet is likely to fly to gulf and china..
BGR Energy Systems has won a BOP contract worth Rs 793 crore from the Andhra Pradesh ..
Nagarjuna Constructions is actively looking for a foreign partner for getting into auxiliary equipment business, used in power plants...
Dabur Pharma is looking out for a buyer and said to be in advanced stage talks with a renowned PE firm...
Shasun Chemicals formed an exclusive deal with global pharma biggie Merck & Co ..
Trade long if nifty holpd 5250 mark . nifty got good support at those lvls..
resis at 5301-5365 lvls..
Have a grt dAY !!
The data clearly shows the FII creating fresh short positions and even the shorts being rollover by the march , time is not far when the trend will reverse and the short being converted to longs .
Indina seems to be overreacting to any mild -ve news and neglecting all the positive news , but we have faith in emerging market of ours when hangsang was up and closed with modest gains why sensex being chopped and made to fall , ofcourse the sensex is anytime giving better retun then hangsang .
What all is needed is a good budget and here we goo ...the bad days will be gone. Meanwhile the stock specific momnetum continies and news based buying was there . We had asked all not to catch up in early spike so no calls were gvn in monrg but mid dayn calls and btst were target hitters by moneygurus.
ANyone can regiter with us and enjoy the free service , as of now at the given link .
Today with the DOw closing with flat , Asian markets are trading a bit weak and ofcourse when sensex could not stand the postitve markets how would it react to the weak market but we expect sensex to show its momemtum in the later half and what we have lost yesterday will be balanced today , so we dont advise u to biuld any short positions from here on .Short can only be build if nifty cant stand 5250-5200 mark abv that there should not be shorts build up.
FM would be in action tommorow expectation od textile , fertilizer , infra ,rubber , jewellery ,IT and ofcourse export sector all these were hit by ruppee appreciation factor. and gonna get some advantage ..we are out with momentum calls for budget..
Expectations are that the corporate income tax rate may be cut or the 10% surcharge on corporate tax may be abolished. The surcharge is 10% on a tax rate of 30%, making the effective corporate tax rate 33%. Another possibility is that of a cut in dividend distribution tax from 15% to 12.5%. ..
Also FM may raise the Securities Transaction Tax (STT) slightly. STT is currently at 0.125% on delivery trades. STT is 0.025% on non-delivery trades on sell transactions. STT is 0.017 % in futures & options segment on sell trasactions.
Watch out for ..
SpiceJet is likely to fly to gulf and china..
BGR Energy Systems has won a BOP contract worth Rs 793 crore from the Andhra Pradesh ..
Nagarjuna Constructions is actively looking for a foreign partner for getting into auxiliary equipment business, used in power plants...
Dabur Pharma is looking out for a buyer and said to be in advanced stage talks with a renowned PE firm...
Shasun Chemicals formed an exclusive deal with global pharma biggie Merck & Co ..
Trade long if nifty holpd 5250 mark . nifty got good support at those lvls..
resis at 5301-5365 lvls..
Have a grt dAY !!
Wednesday, February 27, 2008
Market Report 27 Feb 08
It was some how Lalu ji effect that can be seen , some good announcements and the aam aadmi is happy to see the cut in rail fair, the rail budget was a minor trigger for the bulls to react but the majot event would ofcourse be the Union budget , all eyes of bulls are there to take the advantage and attack the bears.
Meanwhile sensex took a good closing with a volatile day , but the gains were their enough to make our calls hits their targets whether they were round pattern brkout calls or resistance lvls brkout calls and newz based calls , all banged their targets and even traded abv that .
We believe the sensex nxt target to be 18100 after crossing 17910 mark today , although the global events looks good with DOQ gaining good amount of points after being report if IBM buyback of equity , the DOw jumped to close abv 100+ points of gains..
WIth the abv then expected rail budget , Sensex is also expected to show some momentum and bulls looks for attck and might be some positive newz and some positive brkout bulls can very well be in form .
What the reason behind the lacklusture of sensex is very less participation from the retail investor as the reason every one know , but it wont take much time for the retail money again coming in in time .
A good budget , can trigger the sentiments and we can see retail ppl again putting their money in the field.
Mid caps and small caps outsmarted the large caps. Realty, IT, Power, Metals and Oil & gas sector were among gainers. Tea sector witnessed huge buying.
IT companies like TCS , Wipro , Infosys and Satyam also get some hope of huge spending on IT being announced in budget.
. Asian indices closed in positive. Europe is trading in green. We expect again green day with mid caps in action as the mid caps were not showed much momentum yesterday in last few trades watch for them today ..
Reliance Finds Natural Gas in Mahanadi Basin.. watch out for newz based buying..
Bharat Heavy Electricals Ltd won a $269 million) order for a power project in Gujarat from Gujarat State Energy Generation Ltd for a 350-megawatt turbine-based plant that will be located at Hariza...
Cairn India has entered the race for acquiring two oil exploration blocks in Sri Lanka..
RELIANCE Energy (REL) on Tuesday said it will buy back equity shares from the open market. The REL board will meet on March 5 to decide on the quantity of buyback, reports Our Bureau in Mumbai. The announcement boosted share prices by 4.59% to Rs 1697.25. According to sources, REL may buy back shares up to 5% of its paid-up equity at a cost of Rs 2,000 crore. The buyback is seen as a step to shore up investor confidence...
NIFTY is expected to face resis at 5361 mark ... and some sought of profit booking come at that lvls , but crossing that mark we can see nifty at 5600.. nifty support at 5250 at 5140 lvls..
Sensex similar pattern faces resis at 18000 and 18110 lvls.. support lies at 17400 lvlss.
Have a grt DAY!!
Meanwhile sensex took a good closing with a volatile day , but the gains were their enough to make our calls hits their targets whether they were round pattern brkout calls or resistance lvls brkout calls and newz based calls , all banged their targets and even traded abv that .
We believe the sensex nxt target to be 18100 after crossing 17910 mark today , although the global events looks good with DOQ gaining good amount of points after being report if IBM buyback of equity , the DOw jumped to close abv 100+ points of gains..
WIth the abv then expected rail budget , Sensex is also expected to show some momentum and bulls looks for attck and might be some positive newz and some positive brkout bulls can very well be in form .
What the reason behind the lacklusture of sensex is very less participation from the retail investor as the reason every one know , but it wont take much time for the retail money again coming in in time .
A good budget , can trigger the sentiments and we can see retail ppl again putting their money in the field.
Mid caps and small caps outsmarted the large caps. Realty, IT, Power, Metals and Oil & gas sector were among gainers. Tea sector witnessed huge buying.
IT companies like TCS , Wipro , Infosys and Satyam also get some hope of huge spending on IT being announced in budget.
. Asian indices closed in positive. Europe is trading in green. We expect again green day with mid caps in action as the mid caps were not showed much momentum yesterday in last few trades watch for them today ..
Reliance Finds Natural Gas in Mahanadi Basin.. watch out for newz based buying..
Bharat Heavy Electricals Ltd won a $269 million) order for a power project in Gujarat from Gujarat State Energy Generation Ltd for a 350-megawatt turbine-based plant that will be located at Hariza...
Cairn India has entered the race for acquiring two oil exploration blocks in Sri Lanka..
RELIANCE Energy (REL) on Tuesday said it will buy back equity shares from the open market. The REL board will meet on March 5 to decide on the quantity of buyback, reports Our Bureau in Mumbai. The announcement boosted share prices by 4.59% to Rs 1697.25. According to sources, REL may buy back shares up to 5% of its paid-up equity at a cost of Rs 2,000 crore. The buyback is seen as a step to shore up investor confidence...
NIFTY is expected to face resis at 5361 mark ... and some sought of profit booking come at that lvls , but crossing that mark we can see nifty at 5600.. nifty support at 5250 at 5140 lvls..
Sensex similar pattern faces resis at 18000 and 18110 lvls.. support lies at 17400 lvlss.
Have a grt DAY!!
Tuesday, February 26, 2008
Market Report 26 Feb 08
Markets took a U turn yesterday , and from the lows where it was looking like we are in completely selloff zone some short covering and some momentum buying caryy over the trades top give sensex a good green closing of 300 + points . The rally came as expected with the union budget on line and likely the event has been taken as positive by the investers. If we dont have any negative newz flow and with couple of good newzz we can easily breach that 5600 mark and can touch 5800-5900 in nifty . But same time if FM unable to please the investors , we can see markets touching the Jan lows.
Yesterday rally at the later half was some how can be a relief rally , short were covered and mainly european markets opened green had given the major booster to the markets.
DOw yesterday had a decent gains ,with tyhe newz of ambac rating affirmed newzz.. Yesterday trade nikkei showed some excellent action and and was up more then 400 points , The nikkei is witnessing the fund buying and we have seen that several rallies in coming time .
Hangsang also in momentum today and we saw no reason for sensex to not take part in party , markets are expected to make some good moves and nifty could easily touch 5310 lvls where it faces a minor resistance...
our calls on yesterday buyes all banged the given targets and we were 100% on our call rates yesterday trade.
The markets are showing some different trend as before we use to see buyers coming in at dips but as of now we see the sellers coming in at upper lvls,, so thata very bad sign for the bulls.
But India is a long term growth story and time is not far we just need few trigger few positive thoughts and we can see markets back in action , people can rememeber the time last year when markets were tumbling at minor rallies and range bound sessions as a minor trigger and we saw some huge action .. so time will change..
Stock would be in action
GMR as the airport are almost ready and we expect to touch 200 lvls very soon , our registered clients hv alrdy got the buy call at 150 and 170 lvls..
Godawari Power and Ispat (GPIL), based in Chhattisgarh, is mulling foray into commercial power generation..
Crompton Greaves on Monday announced a tie-up with Dutch firm Lemnis Lighting for launching LED lighting products..
ONGC has notified four discoveries of crude oil and natural gas ...
Tulip IT Services having raised $150 million via foreign convertible currency bonds (FCCB), has earmarked around $40 million for an acquisition in the US having managed services ..
Nifty abv 5250 is considered to be bullish look out for nifty trgts at 5300-5360 lvls,, longs can be maid with nifty holding 5200 lvls.. below 5200 we can again see the DMA .. so better to exit longs at below 5200 mark..
Have a grt DAY!!!
Yesterday rally at the later half was some how can be a relief rally , short were covered and mainly european markets opened green had given the major booster to the markets.
DOw yesterday had a decent gains ,with tyhe newz of ambac rating affirmed newzz.. Yesterday trade nikkei showed some excellent action and and was up more then 400 points , The nikkei is witnessing the fund buying and we have seen that several rallies in coming time .
Hangsang also in momentum today and we saw no reason for sensex to not take part in party , markets are expected to make some good moves and nifty could easily touch 5310 lvls where it faces a minor resistance...
our calls on yesterday buyes all banged the given targets and we were 100% on our call rates yesterday trade.
The markets are showing some different trend as before we use to see buyers coming in at dips but as of now we see the sellers coming in at upper lvls,, so thata very bad sign for the bulls.
But India is a long term growth story and time is not far we just need few trigger few positive thoughts and we can see markets back in action , people can rememeber the time last year when markets were tumbling at minor rallies and range bound sessions as a minor trigger and we saw some huge action .. so time will change..
Stock would be in action
GMR as the airport are almost ready and we expect to touch 200 lvls very soon , our registered clients hv alrdy got the buy call at 150 and 170 lvls..
Godawari Power and Ispat (GPIL), based in Chhattisgarh, is mulling foray into commercial power generation..
Crompton Greaves on Monday announced a tie-up with Dutch firm Lemnis Lighting for launching LED lighting products..
ONGC has notified four discoveries of crude oil and natural gas ...
Tulip IT Services having raised $150 million via foreign convertible currency bonds (FCCB), has earmarked around $40 million for an acquisition in the US having managed services ..
Nifty abv 5250 is considered to be bullish look out for nifty trgts at 5300-5360 lvls,, longs can be maid with nifty holding 5200 lvls.. below 5200 we can again see the DMA .. so better to exit longs at below 5200 mark..
Have a grt DAY!!!
Monday, February 25, 2008
Market summary 25Feb08
A new week , a new thought and a new hopes .Its been a very important week coming ahead, the main trigger for the sensex the union budget is to be announced on this week. The expectations are very high specially when capital markets are i such a weird condition . The FM is likely and may be keep some thiught in mind about investors and he knows from what fase the investors are going on , the sentiments are hurt and small investor are worried .
Pre budget rally for what everyone is talking about we fear it should remian in talks only and we should be able to see it , atleast hopes are there.
Nikkei jumped very smartly from the monrg trade and was trading almost 300 + points in the monrg , Hangsang seems to be in rangbound with only Indian markets overreating , DOw turned its momentum in the last few minutes of trade to giving the positive closing to the markets .
Indian markets are expected to gain some momentum and be positive till budgets..
REL Power meet on sunday resulted the bonus issue , the bonus is decided out to be 3:5 that was preety well and abv expectation . The stock is ecpected to show some action ahead of that .
HDFC -Cbop merger got approval , ahead of these some other banks that are in similar sector likely to get rerated..these may include Bank of Rajasthan, Dhanalakshmi Bank, IndusInd Bank, City Union Bank and South Indian Bank.
The swap ratio is 1 share of HDFC Bank to every 29 shares of CBoP
IRB Infrastructure is listing on the bourses today....The company has fixed the issue price at the lower end of price band of Rs185-220. IRB Infrastructure offered 51mn equity shares through the IPO, constituting 15.36%of its fully diluted post issue paid-up capital. The issue got subscribed by over four times..
watch out for..
SAIL forms a JV company with Jaiprakash Associates to set up a 2.1mn ton cement plant in Bokaro, with an investment of Rs4.1bn..
BPCL, HPCL and IOC will jointly invest Rs24bn to buy/lease plantations to produce ethanol in Brazil...
BHEL and Nuclear Power Corporation of India are planning to float a JV to take up construction activities for nuclear power plant..
Reliance Energy has approached the Haryana government for an extension of deadline for commissioning a 600-MW power project..
Kalyani group plans to set up a 1mn ton steel plant and a 500MW power plant at an investment of Rs65bn in WB..
ICSA India secures order worth Rs 440mn from Northern Power Distribution Company of AP Ltd, Warangal..
Nifty will take support at 5020 lvls and resis will come at 5250.. lvls..
Have a grt DAY!!!
Tourism Finance is planning a Rs 400 crore equity fund reports Mint. Earlier RBI permitted FII's to increase stake in the company..
Pre budget rally for what everyone is talking about we fear it should remian in talks only and we should be able to see it , atleast hopes are there.
Nikkei jumped very smartly from the monrg trade and was trading almost 300 + points in the monrg , Hangsang seems to be in rangbound with only Indian markets overreating , DOw turned its momentum in the last few minutes of trade to giving the positive closing to the markets .
Indian markets are expected to gain some momentum and be positive till budgets..
REL Power meet on sunday resulted the bonus issue , the bonus is decided out to be 3:5 that was preety well and abv expectation . The stock is ecpected to show some action ahead of that .
HDFC -Cbop merger got approval , ahead of these some other banks that are in similar sector likely to get rerated..these may include Bank of Rajasthan, Dhanalakshmi Bank, IndusInd Bank, City Union Bank and South Indian Bank.
The swap ratio is 1 share of HDFC Bank to every 29 shares of CBoP
IRB Infrastructure is listing on the bourses today....The company has fixed the issue price at the lower end of price band of Rs185-220. IRB Infrastructure offered 51mn equity shares through the IPO, constituting 15.36%of its fully diluted post issue paid-up capital. The issue got subscribed by over four times..
watch out for..
SAIL forms a JV company with Jaiprakash Associates to set up a 2.1mn ton cement plant in Bokaro, with an investment of Rs4.1bn..
BPCL, HPCL and IOC will jointly invest Rs24bn to buy/lease plantations to produce ethanol in Brazil...
BHEL and Nuclear Power Corporation of India are planning to float a JV to take up construction activities for nuclear power plant..
Reliance Energy has approached the Haryana government for an extension of deadline for commissioning a 600-MW power project..
Kalyani group plans to set up a 1mn ton steel plant and a 500MW power plant at an investment of Rs65bn in WB..
ICSA India secures order worth Rs 440mn from Northern Power Distribution Company of AP Ltd, Warangal..
Nifty will take support at 5020 lvls and resis will come at 5250.. lvls..
Have a grt DAY!!!
Tourism Finance is planning a Rs 400 crore equity fund reports Mint. Earlier RBI permitted FII's to increase stake in the company..
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