Market Summary 13 March 08

The markets underperformed its peers yesterday when sensex loses all its gains , sensex from the high of 16600 came down to close marginal flat closing on account of the profit booking and fresh short being created in the morning.
The Asian indices where managed to close with tha gains of 1-2 % , sensex underperformed them , the trigger was bad IIP numbers . We warned the moneygurus memebers about all this much before and actively booked profits and we can see where all landed up.

As of now the markets seems to be under pressure so after yesterday rally and sell off of nearly 500 points looks like there is another tight day on charts, Markets looking to have a weak day today as all the Asian indices are trading low and in deep cut . Indina markets wont see a much deeper cut as we already shown the effect yesterday .
nifty made a return journey towards 4800 mark looks like after watching 5000 from some distance.

The bad trigger was ofcourse the IIP numbers..
growth in index of industrial production (IIP) slipped to 5.3% in January 2008 as compared with 11.6% in January 2007, the lowest since October 2006, when it stood at 4.51%. Growth in the manufacturing sector declined to 5.9% in January 2008 as against 12.3% in January 2007..

The next thing to watch here is advance tax being paid up by the comp , data of which is to be released on 15th march .
Rate cut by RBI does'nt loooks like feasible specially after the commom man budget.

REC Electrification Corporation a public sector enterprise engaged in financing and promoting transmission, distribution and generation projects started trading at Rs124.65 against the issue price of Rs105. During the day the scrip took a beating hitting a low of Rs118, however, it managed to make a come back finally closing at Rs121 translating into a premium of 15%. .

DLF REIT to raise Rs20bn from a clutch of PE investors..

NTPC Board approves an investment of Rs73.4bn in 1,920 MW Barh super thermal power project stage-II in Bihar..

Tata Steel to source chrome ore from Iran for its upcoming ferro chrome plant in South Africa. ..

Bharti Airtel signs a US$100mn investment agreement with the Board of Investment of Sri Lanka to begin operations there..

Alok Industries has taken 50% stake in Ashford Infotech through a 100% subsidiary for joint development of realty projects..

Gayatri Projects to enter the urban infrastructure and water treatment business segments..

Goldstone Tech plans to roll-out IPTV services in 11 countries by the end of FY09..
Blackstone has picked up minority interest in Titagarh Wagons at Rs672/share..

Shriram Properties to invest Rs5bn to develop mid-income housing projects across India over next 2-3 years..

Nifty supprt at 4650 resis at 4980-5073...

Have a grt daY!!!

Market report 12 March 08

Markets yesterday showed renowed strengths and shorters were forced to cover their shrts, most of the indina markest are in the follow up manner , shoorters are creating positions on the global downside but what from two days we have seen is the strength of the fundamenstls that certain equities cannot go down from certain lvls. Sensex bottomed out at 15800 and and shown a grat support at those lvls.

Dow jones yesterday was in full mood to be attcked by bears but the sudden start of war between bulls and bears to make bulls win was definately benarke , the announcements to injest $200 million in the banking system has given some definate power to the bull force to close the DOw with2nd highest gains in last 5 yrs..

We expect the sensex to continue its upward journey of yesterday today also ..
A 16600 is target of sensex for today .. some sellingh is expected at higher lvls as we all know that bears are in very strong position and no way thay gonna accept their defeat so easily in one or two sessions.
We with this weapon required a second weapon of 75 bps rate cut and here we go a strong army of bulls to take over the bears and definately a win..

watch out for..

Nicholas Piramal India will be listing its spun-off research and development arm, Piramal Life Sciences, on the bourses by June..
Bajaj Hindusthan, the country’s largest sugar-producing company, is planning to foray into molasses-based chemical business to diversify and secure itself from the cyclical nature of the sugar business...

GMR Infrastructure has confirmed closure of commercial operations of the Begumpet airport in Hyderabad from March 16...

Tata Steel’s third quarter profit including that of Corus group stood at Rs14bn...

TCS targets US$2bn revenues from emerging markets by 2011-12...
PNB plans to sell nearly 26% stake in its subsidiary PNB Housing Finance...
Tata Chemicals to invest Rs7.5bn in the next three to four years to foray into Ethanol sector..

nifty resis at 5050 and 5305 lvlss....

have a grt day !!!

Market summary 11 Mar 08

We saw the turnaround in sensex yesterday , it was being told to all the readers of moneygurus in the morning itself that the later half would be session of short covering and lots are shorts are pending to be covered, the covering led to nifty close in green and touching the support lvls of 4800 mark . Sensex also covered and closed marginally in red, the decline in sensex is majorly due to pain in mid caps where the covering was not that much .

With the indices as we have mentioned the banking stocks which were most hit and most of the big houses were bullish on banking stocks has fallen drastically .
The fall was not much in pharma , FMCG, IT..

If u see the fall is almost majorly in reality , capital goods, banking .. and if remember these were the sector in dec-jan where most analyst and major brokerage houses were bullish for coming year.
So here the valution became so streched thatall these sector witnessed stedy deep cut , at this point of time we believe all the sector are equally valued instead valuation looks preety cheap and its time to build your long time portfolio.
Dont fall in prey that sensex will fall to 14K or 12K , and take ur decesion even if sensex falls from here the valution wont be facing much steep correction , Stick to quality stocks and definatley your money willm grow almost 20-30% by the end of year..

The yesterday close was preety much encouraging. Still Oil was boiling too high and trading at its life time high on monday trade . GOLd is also trading at near to its life time high .
That made the Dow jones again fell and loosing all its morning gains.
The DOw will trade like this only till the FEd meet expecting a rate cut from FEd.

Indina markets are likely to have some sort of decoupling as of noww.We may see some sort of pullback with midcaps leading the momentum today .

Quality stocks would never let u fall thats the thing everybody has seen in this bear phase.
LNT yesterday saw a deep cut after the bad news hit the market that LNT has suffered a loss of about Rs 200 crore in commodity hedging by its wholly owned UAE subsidiary, L&T International FZE in the current fiscal

Unitech is on the look out for a strategic partner for its telecom business within the next two months..

ITC is actively looking at new retailing opportunities in the semi-urban and urban markets ..

Asian markets are trading weak and we expect the volatility to be at its peak ,, wait n watch the trend before trading we expect to close in green today .
Nifty resis at 4975 -5103 lvls and support at 4680-4725...

Have a grt DAY !!!

Market view 10 -March 08

Welcome to the bear market , yes the markets are sure shot in the hands of bears , the sensex closing below 200 DMA was not considered good for the investors however the long term investors are not need to worry , but short term we in very bad situation , Each and every rally is being looked out by sellers for selling and profit booking . We have came down from the range bound trading of 5000 -5600 , and are now trading in range of 4600-5000 in nifty .
The volumes are dropped drastically and arein very bad shape, the front liners along with mid caps are in very bad shape and are in over sold positions specially mid caps and banking sector stocks like icici , kotak , bank of baroda.

The friday was again saw was a black friday and usually it is termed in market taht balck friday always welcomes balck monday . but we dont thinks so , yes punters are betting for black mopnday but technicall we dont see it , yes a weak opening is there due to the bad and weak gloab cueus.
DOw fell but recovered later , the job nos that came on friday were worst and bad as were expected. Nikkei and asian markets are trading a bit weak and is lost more then 100 points .

THe rate cut expectation are again boursed higher with Yen again strengthing against dollor.
The Us markets is expecting the 75bps rate cut in the coming Fed meet .
The rate cut could act as the positive trigger and we can see some sought of relief rallies in our markets too.
Back home political uncertaininty and bad inflation nos have also taken part and deserve the full credits for the friday fall .
The STT on capital gains was alredy in effect and as we said some of the big FII and Fund houses did'nt liked it and here we are you can see the condition of markets.

Coming time nifty at 4600 could be support for the markets and range could be to 4600-5100 in nifty any rally we suggest to book profits ..

Financial stocks are beaten down and brokerage stocks are alredy on carnage ahead of low volumes and STT by FM..

Banking may see sort of short cvrinng today and we expect sensex to recover in later half with slight volumes..
The safest bet here to play is autos and pharma sector..
FMCG is also good to be invested in ..
One important aspect top note here is FII figures in markets on friday..
FIIs were net buyers of Rs 584.26 crore in the futures & options segment on Friday, on Friday, 7 March 2008. They were net sellers of index futures to the tune of Rs 109.65 crore and bought index options worth Rs 387.19 crore. They were net buyers of stock futures to the tune of Rs 300.30 crore and bought stock options worth Rs 6.42 crore..
...

DLF defers Singapore listing of DLF Office Trust, the REIT of DLF Asset, till improvement in market conditions,, the share is buy noww by moneygurus from friday lowss..
M&M to invest Rs23bn in the next two years to develop new vehicles..

Reliance Industries keen to set up a petrochem complex in Qatar, especially for polymer production..

&M, Bharat Forge and Hinduja group may be in race to acquire the main forging unit of Thyssenkrupp for US$1bn..

Tata Teleservices to divest 49% stake in its tower subsidiary Tata Teleservices Infrastructure..

Patel Engineering plans to invest US$100mn over next two years to strengthen overseas operations..

India Cements on look out for opportunities to invest in coal mines abroad and to acquire bulk cargo carriers..
SCI may form a shipyard JV with ABG Shipyard..

Adhunik Metaliks in talks with several PE players to offload 11% stake in its subsidiary, Orissa Manganese & Minerals... keep an eye..
Nifty supp at 4580 and resis at 4900.. mark..

Have a grt weak ...
Rest will take time //..