In 1982, Reliance Industries came up against a rights issue regarding partly convertible debentures.It was rumored that company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, a bear cartel which was a group of stock brokers from Calcutta started to short sell the shares of Reliance. To counter this, a group of stock brokers till recently referred to as "Friends of Reliance" started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange.
The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the "Badla" trading system operative in the Bombay Stock Exchange. The bulls kept on buying and a price of Rs. 152 per share was maintained till the day of settlement. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, the much needed cash was provided to the stock brokers who had bought shares of Reliance, by none other than Dhirubhai Ambani. In the case of non-settlement, the Bulls demanded an "Unbadla" (a penalty sum) of Rs. 35 per share. With this, the demand increased and the shares of Reliance shot above 180 rupees in minutes. The settlement caused an enormous uproar in the market and Dhirubhai Ambani was the unquestioned king of the stock markets. He proved to his detractors just how dangerous it was to play with Reliance.
To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Authorities from the Bombay Stock Exchange(BSE) intervened in the matter and brought down the "Unbadla" rate to Rs. 2 with a stipulation that the Bear Cartel had to deliver the shares within the next few days. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure.
After this incident, many questions were raised by his detractors and the press. Not many people were able to understand as to how a yarn trader till a few years ago was able to get in such a huge amount of cash flow during a crisis period. The answer to this was provided by the then finance minister, Pranab Mukherjee in the parliament. He informed the house that a Non-Resident Indian had invested up to Rs. 22 Crore in Reliance during 1982-83. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in Isle of Man. The interesting factor was that all the promoters or owners of these companies had a common surname Shah. An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters.
A Document extract by Ankit gupta...
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Tuesday, April 14, 2009
Thursday, April 09, 2009
Inflation@ 0.26% and IIP @ -1.2% :data released on 09-04-09
Inflation for the week-ended March 28 has come in at 0.26% as against 0.31% a week earlier. A CNBC-TV18 poll conducted earlier saw inflation coming in at 0.35%. The FY09 provisional average inflation is seen at 8.37% versus 4.67% year-on-year.
Meanwhile, inflation for week-ended January 31 has been revised to 3.98% versus the provisonal figure of 4.39%.
The Index of Industrial Production for February has come in at a negative 1.2% as against 9.5% year-on-year and negative 0.5% month-on-month. The number was not as bad as the street had expected and this was probably due to the capital goods growth number coming in at 10.4%. A CNBC-TV18 poll conducted earlier saw February IIP at a negative 1.86%.
ClicK Here to read the Complete News
Meanwhile, inflation for week-ended January 31 has been revised to 3.98% versus the provisonal figure of 4.39%.
The Index of Industrial Production for February has come in at a negative 1.2% as against 9.5% year-on-year and negative 0.5% month-on-month. The number was not as bad as the street had expected and this was probably due to the capital goods growth number coming in at 10.4%. A CNBC-TV18 poll conducted earlier saw February IIP at a negative 1.86%.
ClicK Here to read the Complete News
Wednesday, April 01, 2009
TRADING LEVELS & INTRADAY RECOMMENDATIONS
TRADING RANGE:
The support for the SENSEX is 9332 and the resistance to the up move is at 9900
NIFTY: (2978) the support for the Nifty is at 2900 and the resistance to the up move is at 3050
Day's trading Ideas -
HDIL
Buy above 79.45 for targets of 80.45 and 81.60
Sell below 75.40 for targets of 73.10 and 72.25
ICICI
Buy above 341 for targets of 346 and 352
Sell below 324 for tergets of 320 and 314
LNT
Buy above 660 for tergets of 668 and 674
Sell below 630 for tergets of 624 and 619
HAPPY TRADE TO ALL ....!!!
The support for the SENSEX is 9332 and the resistance to the up move is at 9900
NIFTY: (2978) the support for the Nifty is at 2900 and the resistance to the up move is at 3050
Day's trading Ideas -
HDIL
Buy above 79.45 for targets of 80.45 and 81.60
Sell below 75.40 for targets of 73.10 and 72.25
ICICI
Buy above 341 for targets of 346 and 352
Sell below 324 for tergets of 320 and 314
LNT
Buy above 660 for tergets of 668 and 674
Sell below 630 for tergets of 624 and 619
HAPPY TRADE TO ALL ....!!!
Market View 01-04-2009
Good Morning .....!!!
Sensex has managed gained nearly 150 points after a volatile session yesterday. Allthe sectors have Contributed in yesterday's trade. US markets did the same and gained 86 points. Buying came in Bankingand IT stocks . Crude is trading below 50$ a barrel with highinventory report from US as the industries cut the production costs.
Indian markets are expected to gain in the opening trade. As the Global & the Asian sentiment is positive we see markes to be in the positive. Banking and Reality sector are ecpected to do well in todays trade.
SBI, HDFC BANK, AXIS BANK & PNB are our favourites. SUGAR sector the stocksdid well in yesterdays trade and we see today also the run may continue.
*Members those are in profits should book profits in the trade today.
Sensex has managed gained nearly 150 points after a volatile session yesterday. Allthe sectors have Contributed in yesterday's trade. US markets did the same and gained 86 points. Buying came in Bankingand IT stocks . Crude is trading below 50$ a barrel with highinventory report from US as the industries cut the production costs.
Indian markets are expected to gain in the opening trade. As the Global & the Asian sentiment is positive we see markes to be in the positive. Banking and Reality sector are ecpected to do well in todays trade.
SBI, HDFC BANK, AXIS BANK & PNB are our favourites. SUGAR sector the stocksdid well in yesterdays trade and we see today also the run may continue.
*Members those are in profits should book profits in the trade today.
Thursday, March 12, 2009
Intraday trading Ideas
Day Trading Ideas -
HDIL
Buy above 65.10 for targets of 65.90 and 66.85
Sell below 62.10 for targets of 62.05 and 61.25
LNT
Buy above 566 for targets of 571 and 578
Sell below 546 for targets of 540 and 535
HDIL
Buy above 65.10 for targets of 65.90 and 66.85
Sell below 62.10 for targets of 62.05 and 61.25
LNT
Buy above 566 for targets of 571 and 578
Sell below 546 for targets of 540 and 535
Morning Brief 12-03-09
Good Morning ....!!!
The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676.
Nifty: (2573) the support for the Nifty is at 2539 and the resistance to the up move is at 2704.
US markets ended mixed.
Europe also ended mixed.
Asia has opened lower. Expect Indian Markets to open flat to negative.
Inflation data wil be released today. Inflation may slip below 3% today.
The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676.
Nifty: (2573) the support for the Nifty is at 2539 and the resistance to the up move is at 2704.
US markets ended mixed.
Europe also ended mixed.
Asia has opened lower. Expect Indian Markets to open flat to negative.
Inflation data wil be released today. Inflation may slip below 3% today.
Monday, March 09, 2009
Inrtaday Trading Ideas
Stocks to watch out for -
Reliance - Reliance has a good support at 1150 and above 1195 it can move till 1260 (weekly basis.) (SL of 1120)
TCS - buy above 474. It has good support at 469 and a resistance at 494 . SL of 463
Other stocks to watch out are -
IDFC
HDFC
Ranbaxy
DLF
Reliance - Reliance has a good support at 1150 and above 1195 it can move till 1260 (weekly basis.) (SL of 1120)
TCS - buy above 474. It has good support at 469 and a resistance at 494 . SL of 463
Other stocks to watch out are -
IDFC
HDFC
Ranbaxy
DLF
Morning Cues and Market Briefing 09-03-2009
Good Morning........!!!
Nifty spot will be: 2672,2645,2634,2611,2576,2564
On Friday the Indian Markets recovered a bit with short covering in the end session and gained nearly 1.5% pointsOn both the Indices. US markets on friday closed almost flat with DOWJONES closing in green . Crude would stand aside with gains coming in the last weekahead of the OPEC meeting.Asian markets are trading mixed with SANGHAI gaining more than 1% and HANGSENG losing the same percentage.
Indian markets are expected to open flat to positive and we may seepositive closing today . Do not expect aggresive buying in the marketsas it is struggling to survive witht the volumes touching lows on every trading day. The 2504 levels on the nifty is a good support for the trading range and if this level break with high volumes, we may see nifty below 2380 levels on NIFTY .
We advice members no to go for buys for the short term as the bottom is unknown in the markets . Newscoming from the outside and in the Indian markets are extremely negative. We see some stocks like SATYAM and UNITED SPIRITS to tradehigher today. Watch out for a rebound in banking , IT , Metal and realty stocks as the sectors are in oversold position.
Nifty spot will be: 2672,2645,2634,2611,2576,2564
On Friday the Indian Markets recovered a bit with short covering in the end session and gained nearly 1.5% pointsOn both the Indices. US markets on friday closed almost flat with DOWJONES closing in green . Crude would stand aside with gains coming in the last weekahead of the OPEC meeting.Asian markets are trading mixed with SANGHAI gaining more than 1% and HANGSENG losing the same percentage.
Indian markets are expected to open flat to positive and we may seepositive closing today . Do not expect aggresive buying in the marketsas it is struggling to survive witht the volumes touching lows on every trading day. The 2504 levels on the nifty is a good support for the trading range and if this level break with high volumes, we may see nifty below 2380 levels on NIFTY .
We advice members no to go for buys for the short term as the bottom is unknown in the markets . Newscoming from the outside and in the Indian markets are extremely negative. We see some stocks like SATYAM and UNITED SPIRITS to tradehigher today. Watch out for a rebound in banking , IT , Metal and realty stocks as the sectors are in oversold position.
Friday, March 06, 2009
Intraday Ranges 06-03-09
Reliance Industry
Buy above 1162 for targets of 1169 and 1175
Sell below 1132 for targets of 1125 and 1119
Idea Cellular
Buy above 45.10 for targets of 45.90 and 46.75
Sell below 43.25 for targets of 42.90 and 42.25
Unitech
Buy above 26.10 for targets of 26.85 and 27.45
Sell below 24.90 for targets of 24.25 and 23.90
Buy above 1162 for targets of 1169 and 1175
Sell below 1132 for targets of 1125 and 1119
Idea Cellular
Buy above 45.10 for targets of 45.90 and 46.75
Sell below 43.25 for targets of 42.90 and 42.25
Unitech
Buy above 26.10 for targets of 26.85 and 27.45
Sell below 24.90 for targets of 24.25 and 23.90
Market View 06-03-09
Good Morning
The support for the Sensex is 7995 - 7890 and the resistance to the up move is at 8410
Nifty: (2576) the support for the Nifty is at 2450 - 2390 and the resistance to the up move is at 2674Inflation fell down to 3.03%
US markets tumble along with the European markets.Asia has also opened weak.I expect Indian markets to open weak.Indian markets may go below 8K mark today itself.
The support for the Sensex is 7995 - 7890 and the resistance to the up move is at 8410
Nifty: (2576) the support for the Nifty is at 2450 - 2390 and the resistance to the up move is at 2674Inflation fell down to 3.03%
US markets tumble along with the European markets.Asia has also opened weak.I expect Indian markets to open weak.Indian markets may go below 8K mark today itself.
Wednesday, March 04, 2009
Intraday calls
LT - Buy above 575 with sl 566 uptrend till 588 >> 596
RELINFRA(REL) Buy above 443 sl 435 uptrend till 451 >>458
RELINFRA(REL) Buy above 443 sl 435 uptrend till 451 >>458
Market View
Good Morning.....!!
Nifty traded in a strict range for the entire day and experienceda selloff in the last hour of trade and managed to close well above the day's low on backing positive European cues in the laterhalf of the day.
Today we expect the nifty to open flat with a +ve bias and thereby staying range bound like yeserday, 2648 and 2682 levels on nifty (spot)seems to form a good Resistance. Nifty can find support around 2599 and 2565 levels , if Nifty spot breaks both the levels- we may see further downside till 2400 levels in the near future....
Stay cautious and trade with stoploss. we advice to book profit in the BTST positions today or trail with stroct stoploss.
Nifty traded in a strict range for the entire day and experienceda selloff in the last hour of trade and managed to close well above the day's low on backing positive European cues in the laterhalf of the day.
Today we expect the nifty to open flat with a +ve bias and thereby staying range bound like yeserday, 2648 and 2682 levels on nifty (spot)seems to form a good Resistance. Nifty can find support around 2599 and 2565 levels , if Nifty spot breaks both the levels- we may see further downside till 2400 levels in the near future....
Stay cautious and trade with stoploss. we advice to book profit in the BTST positions today or trail with stroct stoploss.
Tuesday, March 03, 2009
intraday levels and stocks to watchout for .....!!
Stocks with +ve bias : Renuka, Mphasis, Tata Motors (SL 146), BPCL, BHEL
Stocks for Investment : RIL, Bharti BEL, Lupin, HUL
Stocks for Investment : RIL, Bharti BEL, Lupin, HUL
Market view
On back of weak global cues Nifty kept cracking from highs. It got minor support @ 2680, but that to broken on later hours. For today, watchout for 2662-2625, closing below it may lead to 2520 zone. Abv 2680, we may see some releif rally. Dow Jones cracked almost 5%, closing below 7000 mark nearly 12 yr low, after AIG reports biggest quarterly loss in corporate history & Nifty Fut: Broke crucial support of 2660. It may test 2600-2580 if stays blw 2625. We would like to advise all to think of covering shorts once in 2550-2600 range & wait for confirmation for next move. We may expect a flat/gapdown opening of 20-30 pts on Nifty, avoid shorting at lower levels
Monday, March 02, 2009
Intraday calls
MAHASEAMLESS Buy above 124 with SL 115 TGT 133
EDUCOMP - SELL below 1665 with SL 1679 for a Target 1645 >> 1555
RIL MAR FUT(BUY) 1200-1205 (Target1) 1220(Target2) 1235(Sl) 1192
AKRUTHICITY MAR FUT(SELL) below 855 (Sl) 865Target 832 >> 798
EDUCOMP - SELL below 1665 with SL 1679 for a Target 1645 >> 1555
RIL MAR FUT(BUY) 1200-1205 (Target1) 1220(Target2) 1235(Sl) 1192
AKRUTHICITY MAR FUT(SELL) below 855 (Sl) 865Target 832 >> 798
Market View For 02/03/09
Good morning
Nifty: Resistance 2770/2807 Support 2725/2690/2660
On friday Nifty gave a good swings on both sides & finally closed -17 pts @ 2763.65. On friday GDP was announced, it was @ 5.3 % in the 3rd quarter ended December 2008 were much lower than the expected growth. It was down sharply from a GDP growth of 7.6% in the 2nd quarter . Also we have RIL-RPL merger news on cards, so alot of volatility would be witnessed in this counter, so avoid it. RPL could be hammered if any unfavourable news comes in. Eyes on 2660 on Nifty on downside. Closing below 2620 may lead to 2507 zone.
Reliance industries and reliance petroleum - swap raito to be 16:1(1 share of RIL for every 16 shares held in RPL)
Nifty: Resistance 2770/2807 Support 2725/2690/2660
On friday Nifty gave a good swings on both sides & finally closed -17 pts @ 2763.65. On friday GDP was announced, it was @ 5.3 % in the 3rd quarter ended December 2008 were much lower than the expected growth. It was down sharply from a GDP growth of 7.6% in the 2nd quarter . Also we have RIL-RPL merger news on cards, so alot of volatility would be witnessed in this counter, so avoid it. RPL could be hammered if any unfavourable news comes in. Eyes on 2660 on Nifty on downside. Closing below 2620 may lead to 2507 zone.
Reliance industries and reliance petroleum - swap raito to be 16:1(1 share of RIL for every 16 shares held in RPL)
Friday, February 27, 2009
News and announcements
Q3 GDP numbers have been announced. The figure for Q3 2009 has been recorded at 5.3%.VS 7.6% (QoQ), vs 8.9% (YoY)
Manufacturing output down to -0.2%, construction growth at 6.7%, mining growth at 5.3%, farm sector output down to -2.2%
This may prove -ve for Indian market
Manufacturing output down to -0.2%, construction growth at 6.7%, mining growth at 5.3%, farm sector output down to -2.2%
This may prove -ve for Indian market
TRADING LEVELS AND INTRADAY RECOMMENDATIONS
Nifty Spot Pivot - 2749 --- (Short) L4 2703 H3 2769 (Long) L3 2719 H4 2766
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Intraday calls:
Acumulation seen in MCDOWELL Buy @ 618 stop-loss: - 581 target 641 / 665.....Buy in cash..
ICICI BANK (BUY) 318-320 (Target1) 324(Target2) 329(Sl) 315
Morning Brief: 27-02-2009
Good Morning ....!!!
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
Friday, February 20, 2009
INTRADAY major levels
Nifty Spot Pivot - 2788
Res 1 - 2808 Res 2 - 2822 Res 3 – 2842
Sup 1 - 2773 Sup 2 - 2753 Sup 3 - 2739
Nifty Futures feb-09 Pivot - 2780
Res 1 - 2805 Res 2 - 2818 Res 3 - 2843
Sup 1 - 2767 Sup 2 - 2742 Sup 3 - 2729
Bank Nifty Futures feb-09 Pivot - 4077
Res 1 - 4128 Res 2 - 4190 Res 3 - 4240
Sup 1 - 4015 Sup 2 - 3965 Sup 3 - 3902
Res 1 - 2808 Res 2 - 2822 Res 3 – 2842
Sup 1 - 2773 Sup 2 - 2753 Sup 3 - 2739
Nifty Futures feb-09 Pivot - 2780
Res 1 - 2805 Res 2 - 2818 Res 3 - 2843
Sup 1 - 2767 Sup 2 - 2742 Sup 3 - 2729
Bank Nifty Futures feb-09 Pivot - 4077
Res 1 - 4128 Res 2 - 4190 Res 3 - 4240
Sup 1 - 4015 Sup 2 - 3965 Sup 3 - 3902
Wednesday, February 18, 2009
Morning Brief -18-02-2009
Good Morning.....!!!
Nifty spot will be 2832,2802,2775,2755,2720,2682,2669
It was a blood bath in the Indian markets yesterday where we lostnearly 300 points. Over all we see a negative opening but expecting a flat to positiveclosing .
US Mkt closed -3.8%. Asian Market trading down by 1%-1.5% Crude also dipped to 7% low and is trading at 34$ a barrel
Indian markets are expected to open low and today we see a recovery inthe late session , We advice members to buy NIFTY at 2735-2740 with Sl2720 for a traget of 2800 in next 7 trading sessions. It would beanother bad day for Reality & Banking . We advice to buy ondeclines the fundemental strong companies as we expect technicalrecovery creeping in todays market.
We would also see some spark inMAYTAS with Govt decision on impounding the directors of the MAYTAS .This is a positive movement and we may see the stock in upper circuittoday.
Tuesday, February 17, 2009
Intraday trading levels and Calls
Nifty Futures feb-09 Pivot - 2858
Res - 2894 - 2960 - 2997
Sup - 2792 - 2755 - 2689
Bank Nifty Futures feb-09 Pivot - 4365
Res - 4530 - 4713 - 4878
Sup - 4182- 4017 - 3834
Res - 2894 - 2960 - 2997
Sup - 2792 - 2755 - 2689
Bank Nifty Futures feb-09 Pivot - 4365
Res - 4530 - 4713 - 4878
Sup - 4182- 4017 - 3834
Market View 17-02-2009
Good Morning....!!
Nifty spot levels for the day 2905,2873,2843,2810,2796,2776,2753
Indian markets bleeded after a disappointing budget from the acting finance minister Mr Pranav Mukherjee... The sell off came after the interim budget announced in theparliament and the BSE Sensex recorded a fall of 300 points and the Nifty closed around 99 points down.
Asian markets are in deep red and the cues from their side isNEGATIVE.
Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today but may see a recovery in the later part of the day if the Nifty sustains the 2776 level which we see as a good support .We see pressure coming in Metal stocks as the metal commodities gaveup the gains which they posted in the last one week.
Nifty spot levels for the day 2905,2873,2843,2810,2796,2776,2753
Indian markets bleeded after a disappointing budget from the acting finance minister Mr Pranav Mukherjee... The sell off came after the interim budget announced in theparliament and the BSE Sensex recorded a fall of 300 points and the Nifty closed around 99 points down.
Asian markets are in deep red and the cues from their side isNEGATIVE.
Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today but may see a recovery in the later part of the day if the Nifty sustains the 2776 level which we see as a good support .We see pressure coming in Metal stocks as the metal commodities gaveup the gains which they posted in the last one week.
Monday, February 16, 2009
Interim -Union- Budget 2009-10 - falls expectations
The interim budget announced by the acting finance minister Pranab Mukherjee, falls the market expectations the budget didnot contain the announcements expected by the industry. Mr Mukherjee, said the agenda of the Manmohan Singh government was of change and every effort has been made by the government to deliver on the commitment. He said the economy grew at 9 per cent for three straight years. The country’s per capital income grew at 7.4 per annum for four years. He also said the gross domestic savings rate stood at 37.7 per cent during 2007-08.
Following are the highlights of the Budget:
Rs 4,900 cr allocated to Bharat Nirman Scheme
Rs 8,300 cr for mid-day meal scheme
Rs 1,200 crore for Total Sanitation Programme
Rs 6705 cr allocated for child development schemes
Tax collections in 2008-09 to exceed that of 2007-08
FY09 fiscal deficit seen at 6% of GDP vs 2.5 %
Tax collections down by Rs 60,000 crore over estimates
Plan expenditure revised to 3 lakh crore
Revenue deficit revisied at 4.4% of GDP
Custom duties rates steadily reduced in UPA rule
Tax collection to increase in 2008-09
Govt expenditure estimate revised to over 9 lakh crores
Pranab Mukherjee resumes Interim Budget speech
Kerala MP falls ill; session adjourned for 10 minutes
Part of NIF proceeds also to be used for capital investment
PSU turnover up 84%
Centre has pumped in Rs 652 cr into Regional Rural Banks
Personal Income tax structure has been rationalised
Tax rates must fall during the time of crisis
Turnover of PSUs rose by 84% in 2003-08
Young widows to get priority in ITI admissions
The RIDA corpus was hiked from Rs 5,500 to Rs 14,000 cr
Indira Gandhi National Widow Pension Scheme for widows
Govt to provide subsidy to farmers in 2009-10
Six new IITs started in 2008-09
Educational loan schemes revised
2 new IITs in MP and Rajasthan in 2009-10
Rs 65,300 crore in loans loans waived off for farmers
Industrial production fell by 2 pct in 2008 on a YoY basis
Govt took prompt stimulus packages to curb slowdown
Allocation to agriculture increased by 300%
Outlay for higher education increased 900 per cent
Govt took prompt stimulus packages to curb slowdown
Govt approved 37 infrastructure projects
Tax to GDP ration risen by 12.5%
60.12 lakh houses built under Indira Awaas Yojna
Highest priority to rural development
Per Capita income grew by 7.4% in UPA regimen
Agri revival package implemented in 25 states
Employment generation schemes to be expanded
Economic growth has to be sustainable and inclusive
Manufacturing and agriculture sector are the growth drivers
FRPM targets being relaxed
Export growth for the first 9 months of the current year down to 17.1%
Export growth slowed down to 17.1% for the last 9 months
Export growth at 26.4% annually in the last 4 years
Government has approved 37 new infrastructure projects
Serious chocking of credit due to global downturn
Export growth at 26.4% annually in the last 4 years
India second fastest growing economy at 7.1% growth
Agriculture annual growth rate 3.7%
Savings rate up to 30.7% in 2008
Farmers real heroes of our success story
Investment rate has grown to 39%
Fiscal deficit down by 2.7%
Focus to maintain growth rate of 7-8%
Following are the highlights of the Budget:
Rs 4,900 cr allocated to Bharat Nirman Scheme
Rs 8,300 cr for mid-day meal scheme
Rs 1,200 crore for Total Sanitation Programme
Rs 6705 cr allocated for child development schemes
Tax collections in 2008-09 to exceed that of 2007-08
FY09 fiscal deficit seen at 6% of GDP vs 2.5 %
Tax collections down by Rs 60,000 crore over estimates
Plan expenditure revised to 3 lakh crore
Revenue deficit revisied at 4.4% of GDP
Custom duties rates steadily reduced in UPA rule
Tax collection to increase in 2008-09
Govt expenditure estimate revised to over 9 lakh crores
Pranab Mukherjee resumes Interim Budget speech
Kerala MP falls ill; session adjourned for 10 minutes
Part of NIF proceeds also to be used for capital investment
PSU turnover up 84%
Centre has pumped in Rs 652 cr into Regional Rural Banks
Personal Income tax structure has been rationalised
Tax rates must fall during the time of crisis
Turnover of PSUs rose by 84% in 2003-08
Young widows to get priority in ITI admissions
The RIDA corpus was hiked from Rs 5,500 to Rs 14,000 cr
Indira Gandhi National Widow Pension Scheme for widows
Govt to provide subsidy to farmers in 2009-10
Six new IITs started in 2008-09
Educational loan schemes revised
2 new IITs in MP and Rajasthan in 2009-10
Rs 65,300 crore in loans loans waived off for farmers
Industrial production fell by 2 pct in 2008 on a YoY basis
Govt took prompt stimulus packages to curb slowdown
Allocation to agriculture increased by 300%
Outlay for higher education increased 900 per cent
Govt took prompt stimulus packages to curb slowdown
Govt approved 37 infrastructure projects
Tax to GDP ration risen by 12.5%
60.12 lakh houses built under Indira Awaas Yojna
Highest priority to rural development
Per Capita income grew by 7.4% in UPA regimen
Agri revival package implemented in 25 states
Employment generation schemes to be expanded
Economic growth has to be sustainable and inclusive
Manufacturing and agriculture sector are the growth drivers
FRPM targets being relaxed
Export growth for the first 9 months of the current year down to 17.1%
Export growth slowed down to 17.1% for the last 9 months
Export growth at 26.4% annually in the last 4 years
Government has approved 37 new infrastructure projects
Serious chocking of credit due to global downturn
Export growth at 26.4% annually in the last 4 years
India second fastest growing economy at 7.1% growth
Agriculture annual growth rate 3.7%
Savings rate up to 30.7% in 2008
Farmers real heroes of our success story
Investment rate has grown to 39%
Fiscal deficit down by 2.7%
Focus to maintain growth rate of 7-8%
Intrtaday levels and calls 16-02-09
We may see some sops for fertilisers, Automobile, Infra & Real Estate& Exports sectors in the interim budget . So keep an eye on them .
LT (spot) Pivot Point- 699.22
Resistance 716.07 - 725.79
Support 688.33 - 678.61
Trading Levels:
Reliance (Spot Levels) Pivot Point - 1385.8
Resistance: 1415.84 - 1432.26
Support: 1368.97 - 1352.54
LT (spot) Pivot Point- 699.22
Resistance 716.07 - 725.79
Support 688.33 - 678.61
Market View 16-02-2009
Good Morning....!!!
Nifty (spot) Levels for the day are: 2870,2899,2915,2945,2960,2999,3012
Today is a crutial day in INDIAN stock market for the year 2009, Mr Pranav Mukherjee , The FIN. Minister of the Manmohansingh GOVT. is to present the FAREWELL (Interim) Budget. Indian markets expected to open flat to negative but may trade rangebound , Do not expect any major moves either side and will experience high rangebound trade and we may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the dayor trade with strict stop losses. Airline stocks may be in limelight as the oil marketing companies further reduced the priceson Avation fuel.
US markets were weak in friday with DOW ending nearly 1% down ,Crudetoo is trading near the 38$ per barrel.The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Asian markets opened weak leaving SANGHAI which is trading with 1%gains . NIKKIE and HANSENG are trading in red.
Market has gone up in the past couple of days due to speculation on tax relief's and other soaps to industries. It was as event based movement which will be out today. All policy decisions will take time to show recovery and growth and doesn't have single day implication. Hence is it advised to book profits at every higher levels unless there is more fuel than what is expected in the interim budget.
Nifty (spot) Levels for the day are: 2870,2899,2915,2945,2960,2999,3012
Today is a crutial day in INDIAN stock market for the year 2009, Mr Pranav Mukherjee , The FIN. Minister of the Manmohansingh GOVT. is to present the FAREWELL (Interim) Budget. Indian markets expected to open flat to negative but may trade rangebound , Do not expect any major moves either side and will experience high rangebound trade and we may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the dayor trade with strict stop losses. Airline stocks may be in limelight as the oil marketing companies further reduced the priceson Avation fuel.
US markets were weak in friday with DOW ending nearly 1% down ,Crudetoo is trading near the 38$ per barrel.The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Asian markets opened weak leaving SANGHAI which is trading with 1%gains . NIKKIE and HANSENG are trading in red.
Market has gone up in the past couple of days due to speculation on tax relief's and other soaps to industries. It was as event based movement which will be out today. All policy decisions will take time to show recovery and growth and doesn't have single day implication. Hence is it advised to book profits at every higher levels unless there is more fuel than what is expected in the interim budget.
Friday, February 13, 2009
INDIAN RAILWAY interim budget - Report & highlights
INTERIM BUDGET - HIGHLIGHTS
Railway generated cash surplus 900 bln rupee in 5 yr
* Railways raised record cash surplus in last 5 yrs
* Railways raised $100 mln debt at 4%
* Financial turnaround managed without burden on public
* Railways fincl turnaround without burdening common man
* Average freight grew 3% to 8% in last 5 yrs
* Railways freight growth up at 8% in last 5 yr vs 3%
* Fall in number of rail accidents in last 5 yrs
* India rail mishaps at 194 in 2007-08
* Rail accidents down to 194 FY08 from 325 in FY04
* Railways has facilitated easier ticket booking
* Railways has shown paradigm shift in consumer svcs
* To use 700 bln rupee surplus to up rail productivity
* Railways' investment under 11th Plan 2.3 trln rupees
* Railway invest plan in 11th plan 2.3 trln rupees
- Passenger trains will have 22% more capacity.
- Two per cent cut in AC-Fares.
- 43 new trains to be introduced in FY-2010.
- Feasibility study for Delhi-Patna Bullet train going on.
- Rail passenger growth up 14%.
- 43 new trains to be introduced in FY-2010.
- Freight rate to remain unchanged.
- Railways to spend Rs 4000 crore on pensions.
- To invest Rs 2.3 cr in the next five years.
- Railways has invested Rs 38,000 crore in 2008-09.
- 6th Pay Commission implementation to hike expense by Rs 13,500cr.
- Railways cash reserves touch Rs 90,000 crore .
- 4 call centres set up for rail enquiry.
- Customers can now book tickets online.
- Profits registeres without hurting the common man.
- Railways managed 8 per cent growth in freight loading.
- Freight capacity up by 78%.
- Railways got loans at 4%.
- Mishap rate has dropped drastically.
- Lalu: Our Rail Budget has always been for the poor.
This would be UPA's last railway budget during this term.
The budgetary support to the railway plan will be about Rs 10,800 crore, representing a significant step up of 37 per cent compared with Rs 7,874 crore in 2008-09.
Government officials said the minister was keen on gifting lower fares to the janata in an election year despite resistance within the ministry.
Expectations are that Lalu Prasad's populist budget for 2009- 10 will include a substantial investment of Rs 12,000 crore for the ambitious East-West freight corridor.
Lalu Prasad Yadav looks all set to keep his date with history when he rises to present the interim rail budget in Lok Sabha.
Railway generated cash surplus 900 bln rupee in 5 yr
* Railways raised record cash surplus in last 5 yrs
* Railways raised $100 mln debt at 4%
* Financial turnaround managed without burden on public
* Railways fincl turnaround without burdening common man
* Average freight grew 3% to 8% in last 5 yrs
* Railways freight growth up at 8% in last 5 yr vs 3%
* Fall in number of rail accidents in last 5 yrs
* India rail mishaps at 194 in 2007-08
* Rail accidents down to 194 FY08 from 325 in FY04
* Railways has facilitated easier ticket booking
* Railways has shown paradigm shift in consumer svcs
* To use 700 bln rupee surplus to up rail productivity
* Railways' investment under 11th Plan 2.3 trln rupees
* Railway invest plan in 11th plan 2.3 trln rupees
INTRADAY CALLS
Stocks to watch out for are:
Polaris Buy @51 sl 48 target 54 >> 58
Satyam & SAIL Look good for trading but do book profits regularly.
AXIS BANK - BUY @432 sl 423 Target 439 >> 443
RELCOM - BUY at 173 with Sl 167 for a Target 177 >> 180
Polaris Buy @51 sl 48 target 54 >> 58
Satyam & SAIL Look good for trading but do book profits regularly.
AXIS BANK - BUY @432 sl 423 Target 439 >> 443
RELCOM - BUY at 173 with Sl 167 for a Target 177 >> 180
Market View ... 13-02-2009
Good Morning .....!!!
Nifty spot levels for the day : 2988/ 2960/ 2935/ 2920 / 2895 / 2870
Indian markets after a bad day are expected to do well today , we seenifty comfortable crossing the 2900 levels , As said earlier nifty ifstays above 2950 on closing basis we may see 3060-3100 on cards soons.With the interim budget nearing in we may see rally in markets today.We advice members to go long on IT , Banking and Metal stocks today .
Nifty spot levels for the day : 2988/ 2960/ 2935/ 2920 / 2895 / 2870
Indian markets after a bad day are expected to do well today , we seenifty comfortable crossing the 2900 levels , As said earlier nifty ifstays above 2950 on closing basis we may see 3060-3100 on cards soons.With the interim budget nearing in we may see rally in markets today.We advice members to go long on IT , Banking and Metal stocks today .
US markets which opened quite negative with bad economic news lostmore than 3% or 240 points at one point of time but finally recoveredvertically on the hopes that homeowners will get more help with theirmortgages and DOWJONES closed almost flat. Asian markets are trading in style with almost all the the indices arepositive and with more than 1% gains.
Over all we expect market to trade positive and we see markets closingtoday with 1.5-2% gains. Some of the stocks to watch out for arePolaris Software, Hexaware, Satyam & SAIL.
Thursday, February 12, 2009
Market info and data
The IIP ( Index of industrial Production) numbers for the month of December 2008 have been announced.The growth rate was recorded at -2.0% for December 2008 , as against 2.4% announced for
Inflation data for this week is as follows: The benchmark figure for this week is 4.39% as compared to 5.07% last week.
Inflation data for this week is as follows: The benchmark figure for this week is 4.39% as compared to 5.07% last week.
intraday calls
LT looks good for intraday trading .... watchout for today .... 680 >> 695 >>702 on the higher side and 671 >> 659 >> 640 on the lower side
Nifty Future Levels:
Resistance:2918 - 2936 - 2948
Support: 2844 - 2868 - 2850
Nifty Future Levels:
Resistance:2918 - 2936 - 2948
Support: 2844 - 2868 - 2850
MArket VIew
Good MOrning .......!!!
Nifty: Resistance 2925/2990 / 3012
Support 2900/2880/2850
Nifty exactly did as we said yesterday. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat. Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925 (closing basis) Nifty looks good for 2990-3012 zone
Nifty: Resistance 2925/2990 / 3012
Support 2900/2880/2850
Nifty exactly did as we said yesterday. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat. Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925 (closing basis) Nifty looks good for 2990-3012 zone
Markets likely to open weak. Nifty has good support at 2870. We expect markets toclose in green today . The issues one have to watch out today are then inflation data and IIP numbers . We see inflation coming down to4.03% . This would go as good news going forward. The Govt also announced on the issues regarding FDI policy which is positive news asa whole.
We expect markets today behave on news specific. Investors can go long with view of 2-3 trading sessions
Wednesday, February 11, 2009
Intraday calls
BUY SBIN @ 1140 with strict stoploss at 1121 tgt 1155 >> 1163
Buy JPASSOCIAT at 72.50 with strict stop loss @ 70 target 75>>> 79 -- time gap - 3-5days
Buy JPASSOCIAT at 72.50 with strict stop loss @ 70 target 75>>> 79 -- time gap - 3-5days
Market info ...
(IIP) data for Dec08 will be released today, 11 Feb09. The IIP for the November 2008 stood at 2.4%, compared to contraction of 0.4% in Oct08. US markets plunged on Tuesday, 10 February 2009, as investors soured on the financial rescue and seemed to ignore the Senate's approval of its $838 billion economic stimulus package...
Monday, February 09, 2009
intraday levels& picks
JSW STEEL (BUY) 211-214 (T1) 218 (T2) 224 (Sl) 207
Nifty Futures feb-09 Pivot - 2822
Res 1 - 2853 Res 2 - 2873 Res 3 - 2903
Sup 1 - 2803 Sup 2 - 2772 Sup 3 - 2752
Bank Nifty Futures feb-09 Pivot - 4310
Res 1 - 4365 Res 2 - 4400 Res 3 - 4455
Sup 1 - 4275 Sup 2 - 4220 Sup 3 - 4185
Nifty Futures feb-09 Pivot - 2822
Res 1 - 2853 Res 2 - 2873 Res 3 - 2903
Sup 1 - 2803 Sup 2 - 2772 Sup 3 - 2752
Bank Nifty Futures feb-09 Pivot - 4310
Res 1 - 4365 Res 2 - 4400 Res 3 - 4455
Sup 1 - 4275 Sup 2 - 4220 Sup 3 - 4185
Market Brief
Good Morning ....!!!
Nifty Spot Pivot - 2826
Res 1 - 2873 Res 2 - 2900 Res 3 – 2947
Sup 1 - 2800 Sup 2 - 2752 Sup 3 - 2726
Nifty on friday bounced from lows & closed on higher band. From past one week we have been in a range of 2750-2850. We are keeping a view of break of either side this in coming days & hence a big move may be awaiting our way. US markets closed 2.7% + on Friday. Asian Market trading firm with 1% gain. Our market may open gap up with 15-30 pts on Nifty. We still maintain cautious outlook on market till either side break is seen
Nifty Spot Pivot - 2826
Res 1 - 2873 Res 2 - 2900 Res 3 – 2947
Sup 1 - 2800 Sup 2 - 2752 Sup 3 - 2726
Nifty on friday bounced from lows & closed on higher band. From past one week we have been in a range of 2750-2850. We are keeping a view of break of either side this in coming days & hence a big move may be awaiting our way. US markets closed 2.7% + on Friday. Asian Market trading firm with 1% gain. Our market may open gap up with 15-30 pts on Nifty. We still maintain cautious outlook on market till either side break is seen
Friday, February 06, 2009
Intraday View For 06/02/09
Short sell TATAPOWER Below 721 sl 735 TGT705
Sell LT Below 648 sl 660 TGT 590
BANK OF INDIA (BUY) BELOW 242 (Sl) 235 target 248 >>251
Sell LT Below 648 sl 660 TGT 590
BANK OF INDIA (BUY) BELOW 242 (Sl) 235 target 248 >>251
Market View
Good morning to all:
Nifty Levels for the day can be : 2706,2762,2780,2832,2842,2880,2940
Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session
Nifty Levels for the day can be : 2706,2762,2780,2832,2842,2880,2940
Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session
Thursday, February 05, 2009
INTRADAY Levels & Calls
Tradaing Calls:
ISPATIND BUY at 11.50 with a Stop loss at 11 upper trend till 12.25 >> 13
HDIL - Sell at 77 with a sl at 79.9 down trend till 74 >> 71
SATYAMCOMP- buy below 45 with sl @41 tgt 50>> 53 - (time frame 3-5 trading sessions)
TATAPOWER - Buy @ 750 with SL 744 target till 757 >> 762
Levels:
NIFTY Feb Future - Pivot - 2790
Resistance: 2818 - 2846 - 2878
Support: 1748 - 2720 - 2678
Reliance (spot) major levle 1313
Resistance: 1331 - 1355 - 1374
Support : 1289 - 1270 - 1246
Market View
Good Morning.....!!
NIFTY spot levels for the day:
Resistance: 2836 - 2870 - 2898
Support: 2775 - 2747 - 2712
Nifty closed falt on wednesday after a choppy trading session.
Us markets gave up the early gains and managed to close around 1.5% negitive.
We may open falt on the nifty and therefrom we may gain to the day's first resistance levels of 2836 and may experience selling in the later part of the day.
NIFTY spot levels for the day:
Resistance: 2836 - 2870 - 2898
Support: 2775 - 2747 - 2712
Nifty closed falt on wednesday after a choppy trading session.
Us markets gave up the early gains and managed to close around 1.5% negitive.
We may open falt on the nifty and therefrom we may gain to the day's first resistance levels of 2836 and may experience selling in the later part of the day.
Wednesday, February 04, 2009
Intraday levels & calls
BUY MCDOWELL-N @568 with sl 555 for an upper side 585 >>596
BUY CAIRN @ 159 sl 154 tgt 164 >> 169
Nifty Futures feb-09 Pivot - 2777
Res 1 - 2816Res 2 - 2862Res 3 - 2901
Sup 1 - 2731Sup 2 - 2692Sup 3 - 2647
Bank Nifty Futures feb-09 Pivot - 4241
Res 1 - 4323Res 2 - 4411Res 3 - 4494
Sup 1 - 4152Sup 2 - 4070Sup 3 - 3982
BUY CAIRN @ 159 sl 154 tgt 164 >> 169
Nifty Futures feb-09 Pivot - 2777
Res 1 - 2816Res 2 - 2862Res 3 - 2901
Sup 1 - 2731Sup 2 - 2692Sup 3 - 2647
Bank Nifty Futures feb-09 Pivot - 4241
Res 1 - 4323Res 2 - 4411Res 3 - 4494
Sup 1 - 4152Sup 2 - 4070Sup 3 - 3982
Market View
GOOD MORNING.......!!!
NIFTY LEVELS FOR THE DAY:
Resistance : 2835 - 2870 - 2905
Support : 2790 - 2755 - 2720
Nifty managed to close positive after a very choppy session the day long. only the major Indian indices managed to close positive the rest junior and sectoral indices closed in RED.
US indices advanced in the later part of the day;s trade with the better perfomance of the AUTo sector and better than expected housing data.
On the news ASIAN indices rallied in the morning trade..... We may expect a gap up opening of around 25-35 points on the NIFTY and gain more in the later part of trade... we may face good resistance at 2835 - 2870 levels on spot nifty. on the lower side we may have a suport at 2790 -2755 levels.
Please watch the levels closely and trade accordingly.
NIFTY LEVELS FOR THE DAY:
Resistance : 2835 - 2870 - 2905
Support : 2790 - 2755 - 2720
Nifty managed to close positive after a very choppy session the day long. only the major Indian indices managed to close positive the rest junior and sectoral indices closed in RED.
US indices advanced in the later part of the day;s trade with the better perfomance of the AUTo sector and better than expected housing data.
On the news ASIAN indices rallied in the morning trade..... We may expect a gap up opening of around 25-35 points on the NIFTY and gain more in the later part of trade... we may face good resistance at 2835 - 2870 levels on spot nifty. on the lower side we may have a suport at 2790 -2755 levels.
Please watch the levels closely and trade accordingly.
Tuesday, February 03, 2009
Intraday Levels & Calls
NIFTY FEB FUTURES - Levels:
Resistance: 2802 - 2828 - 2848
Support: 2777 - 2755 - 2737
BUY RELINFRA (REL)@ 521-523 sl below 510 tgt 530 >> 535 - tgt Acheived
Resistance: 2802 - 2828 - 2848
Support: 2777 - 2755 - 2737
BUY RELINFRA (REL)@ 521-523 sl below 510 tgt 530 >> 535 - tgt Acheived
Market View
GOOD MORNING....!!!
NIFTY levels for the day:
2855,2832,2802,2775,2744,2720,2702,2682,2670 ***
Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770).
Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witnessed.
NIFTY levels for the day:
2855,2832,2802,2775,2744,2720,2702,2682,2670 ***
Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770).
Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witnessed.
Monday, February 02, 2009
Intraday levels
INDIA INFOLINE (BUY) 44-44.5 (Target1) 45.5 (Target2) 47.5 (Sl) 43
Positional CALL:
BUY JPASSOCIAT @ 73 sl 70.50 tgt 76 >> 79
Acumulation Seen in CANARA BANK:- BUY @ 184 stop-loss 178 traget 189 / 195
Market View
Good Morning .....!!
Nifty Spot Levels for the day:
2931,2869,2851,2835,2802,2778,2748***
On Friday we experienced an accumulating bounce back of the market ... it surpassed the crutial support of 2850. 2925 should offer good resistance to upside movements. Shorter may keep it as SL for their positions. Closing above 2930 will take Nifty towards for some good upswing lead by short covering.
The Us markets crashed around 2-3% on friday's close. likewise Asia opened mixed.
We may expect a gap down opening of 10-20 points on th e NIFTY and there fater face downside for some time till the nifty finds support at 2835 and 2802 levels ... on the lower side and NIFTY will face resistance at 2905 and 2930 levels.
Please keep a track of the supports and trade cautiously today
Nifty Spot Levels for the day:
2931,2869,2851,2835,2802,2778,2748***
On Friday we experienced an accumulating bounce back of the market ... it surpassed the crutial support of 2850. 2925 should offer good resistance to upside movements. Shorter may keep it as SL for their positions. Closing above 2930 will take Nifty towards for some good upswing lead by short covering.
The Us markets crashed around 2-3% on friday's close. likewise Asia opened mixed.
We may expect a gap down opening of 10-20 points on th e NIFTY and there fater face downside for some time till the nifty finds support at 2835 and 2802 levels ... on the lower side and NIFTY will face resistance at 2905 and 2930 levels.
Please keep a track of the supports and trade cautiously today
Friday, January 30, 2009
Market View
Good Morning ....!!
Nifty:
Resistance 2850/2880/2928
Support 2807/2770/2756/2725
Nifty witnessed a down side on last day of settlement of January. Nifty faced resistance yesterday at our given area of 2880 (high made 2873).Today watchout for 2770 on downside as strong support. Break below this level, with volumes, may drift Nifty towards 2750/2725 zone.
Dow Jones Closed -2.7% , Nasdaq - 3.24%Asian Mkt trading -1%/-2%.Expect a gap down with -30/-40 pts on Nifty.
If markets show recovery later during the day, buy: Jaiprakash Associates
Nifty:
Resistance 2850/2880/2928
Support 2807/2770/2756/2725
Nifty witnessed a down side on last day of settlement of January. Nifty faced resistance yesterday at our given area of 2880 (high made 2873).Today watchout for 2770 on downside as strong support. Break below this level, with volumes, may drift Nifty towards 2750/2725 zone.
Dow Jones Closed -2.7% , Nasdaq - 3.24%Asian Mkt trading -1%/-2%.Expect a gap down with -30/-40 pts on Nifty.
If markets show recovery later during the day, buy: Jaiprakash Associates
Thursday, January 29, 2009
Intraday BUZZ ...
Buy RELIANCE (cash) WITH sl 1232 tgt 1280 , 1302
Inflation data for this week is as follows: The benchmark figure for this week is 5.64% as compared to 5.60% last week.
Market View
Nifty:
Resistance 2699/2725/2760/2799
Support 2657/2626/2600
Today lookout for 2725 as strong resistance on upside. Break out of this level may take Nifty towards 2760-2799 zone. As January month settlement is just 2 days away, with any positive news, we may see some short covering. But any rise will be limited & Bears will try hard to take full advantage of those rise.
US mkt closed with firm gains, whereas European mkt showed good gains.
Asian mkt opened firm lead by good gains in Nikkei.
Resistance 2699/2725/2760/2799
Support 2657/2626/2600
Today lookout for 2725 as strong resistance on upside. Break out of this level may take Nifty towards 2760-2799 zone. As January month settlement is just 2 days away, with any positive news, we may see some short covering. But any rise will be limited & Bears will try hard to take full advantage of those rise.
US mkt closed with firm gains, whereas European mkt showed good gains.
Asian mkt opened firm lead by good gains in Nikkei.
Friday, January 23, 2009
Q3 - RESULTS TO BE ANNOUNCES TODAY
Asian Paints, Bharat Electronics,Canara Bank, Container Corp.,Crompton Greaves, Edelweiss,Everest Kanto, Greaves Cotton,Gujarat Flurochemicals, HCL Tech,IDBI Bank, Indiabulls Financial,ING Vysya Bank, Jyothy Labs,Karnataka Bank, KLG Systel,M&M Financial, MRF, Mirc Electronics,PTC India, Punj Lloyd, RCOM, RNRL,Sanghvi Movers, Sriram Transport,Sona Koyo, Syndicate Bank, Tanla,Tech Mahindra, TV Today, Union Bankand Vijaya Bank
Good Morning ..........!!!
Today Nifty spot will be in a range of 2638,2666,2680,2725,2745,2775****
Nifty after trading whole day in a narrow range, took support at lower levels & closed almost flat. Levels intact as yesterday, India's premiere company RIL results were better than expected, Bharti reported a good Q3 results .
US market dipped 2%. Asian market trading down 1%-2%. Expect flat/negative opening with 10 points on nifty. We may bounce from lows if 2660 level is hold. Weak Link: Real Estate & Steel Sector. Strong Link: PSU Banks.
Singapore Nifty Flat, Friday effect(Monday is closed) and most notable thing is SINGAPORE FEB NIFTY remarkable up by 250 points with Volume - all this is confusing........ take care and trade with full care...!!
Today Nifty spot will be in a range of 2638,2666,2680,2725,2745,2775****
Nifty after trading whole day in a narrow range, took support at lower levels & closed almost flat. Levels intact as yesterday, India's premiere company RIL results were better than expected, Bharti reported a good Q3 results .
US market dipped 2%. Asian market trading down 1%-2%. Expect flat/negative opening with 10 points on nifty. We may bounce from lows if 2660 level is hold. Weak Link: Real Estate & Steel Sector. Strong Link: PSU Banks.
Singapore Nifty Flat, Friday effect(Monday is closed) and most notable thing is SINGAPORE FEB NIFTY remarkable up by 250 points with Volume - all this is confusing........ take care and trade with full care...!!
Thursday, January 22, 2009
Intraday calls
Buy NTPC at 180, target: 186. Stoploss: 177
Buy CAIRN @ 152 sl 148 target 155 >> 158
Buy CAIRN @ 152 sl 148 target 155 >> 158
Inflation data for this week is as follows: The benchmark figure for this week is 5.60% as compared to 5.24% last week.
Good Morning:...
Nifty:
Resistance 2725/2760/2799
Support 2690/2660/2620
Nifty crashed in last hour after trading maximum time in narrow range yesterday. Nifty should hold 2690 to stay in a range bound momentum. Today's nifty might see a gap up opening of 25 points, then again followed by volatile session as day progresses. The important level (Nifty spot) would be 2690/2660 on downside & 2760 on upside.
US Market closed in deep green. Asian Market trading mixed. As we have been sayingg from few days, Real Estate sector looks weak & its been cracking daily. Still Avoid.
Nifty:
Resistance 2725/2760/2799
Support 2690/2660/2620
Nifty crashed in last hour after trading maximum time in narrow range yesterday. Nifty should hold 2690 to stay in a range bound momentum. Today's nifty might see a gap up opening of 25 points, then again followed by volatile session as day progresses. The important level (Nifty spot) would be 2690/2660 on downside & 2760 on upside.
US Market closed in deep green. Asian Market trading mixed. As we have been sayingg from few days, Real Estate sector looks weak & its been cracking daily. Still Avoid.
Wednesday, January 21, 2009
Intraday levels and calls
Nifty Futures Jan-09 Pivot - 2768
Res - 2799 - 2822 - 2853
Sup - 2745 - 2714 - 2692
Bank Nifty Futures Jan-09 Pivot - 4408
Res - 4472 - 4543 - 4607
Sup - 4337 - 4273 - 4202
Satyamcomp, Buy below 27 (Sl) 24.50 target 28.7 >> 30
Res - 2799 - 2822 - 2853
Sup - 2745 - 2714 - 2692
Bank Nifty Futures Jan-09 Pivot - 4408
Res - 4472 - 4543 - 4607
Sup - 4337 - 4273 - 4202
Satyamcomp, Buy below 27 (Sl) 24.50 target 28.7 >> 30
Market View - 21Jan,2009
Good Morning...!!!
Nifty:
Resistance 2770/2799/2820
Support 2725/2690/2660
After a choppy session, yesterday we manage to close above the day's Lowson NIFTY spot. Every body expected some exceptional good announcements form the 44th President of US.
The First speach didnot do any miracle to the US markets which managed to close 4% on the downside as a cause of no good anouncements and the concerns of the Royal Bank Of Scotland.
The crash in the Us markets is followed by the downside in the ASIAN indices. Asia is trading in -ve mode and we may also expect a gap down opening of around 45-50 points and therefter stay weak. We may see some buying at the days lower levels 2725/2690 (Spot) if held on closing. basis.
Nifty:
Resistance 2770/2799/2820
Support 2725/2690/2660
After a choppy session, yesterday we manage to close above the day's Lowson NIFTY spot. Every body expected some exceptional good announcements form the 44th President of US.
The First speach didnot do any miracle to the US markets which managed to close 4% on the downside as a cause of no good anouncements and the concerns of the Royal Bank Of Scotland.
The crash in the Us markets is followed by the downside in the ASIAN indices. Asia is trading in -ve mode and we may also expect a gap down opening of around 45-50 points and therefter stay weak. We may see some buying at the days lower levels 2725/2690 (Spot) if held on closing. basis.
Tuesday, January 20, 2009
DAY trade levles and calls
SELL DLF @ 198-200 with a sl of 204 for a downside till - 192 >> 184 - both targets acheived .....!!!
BUY GTOFFSHORE ABV 253 TGT 274-301 SL 240
BUY GTOFFSHORE ABV 253 TGT 274-301 SL 240
Results to watch out for today
Today Result: Dr Reddys Labs, Hero Honda Motors. Reliance Capital, LIC Housing Finance, Mahindra Lifespace Developers, Nagarjuna Fertilizer, Kirloskar Brothers, Alstom Projects, MRPL, GATI, Fortis Healthcare and RPL !!!!
Market View 20Jan 2009
Good Morning ......!!!
Nifty:
Resistance 2842/2865/2899
Support 2799/2770/2725
Today Nifty may open in a negitive note mostly down by 30pts, as all the Asian indices are showing a weakness and are trading negitive. We may expect the same market trend, as has been experienced in the last two trading sessions. The 2770 and 2865 on NIFTY spot are a good support and resistance levels for the market to trade in a range for the day.
If sentiments get strong as a result fo the Pre market rally of the OBAMA effect we may touch 2899 on nifty.
Stay strong on the said levels and trade accordingly.
TODAY AVOID REALITY SECTOR........!!!
HAPPY TRADING ...........!!!
Nifty:
Resistance 2842/2865/2899
Support 2799/2770/2725
Today Nifty may open in a negitive note mostly down by 30pts, as all the Asian indices are showing a weakness and are trading negitive. We may expect the same market trend, as has been experienced in the last two trading sessions. The 2770 and 2865 on NIFTY spot are a good support and resistance levels for the market to trade in a range for the day.
If sentiments get strong as a result fo the Pre market rally of the OBAMA effect we may touch 2899 on nifty.
Stay strong on the said levels and trade accordingly.
TODAY AVOID REALITY SECTOR........!!!
HAPPY TRADING ...........!!!
Monday, January 19, 2009
Intraday trends and signals
RelInfra & Educomp looking good for Intraday swing movements.
Acumulation seen in TATA STEEL, Buy cash & Future around 205- 207 stop-loss below 200 can move to intraday highs till 212 / 217...
Acumulation seen in TATA STEEL, Buy cash & Future around 205- 207 stop-loss below 200 can move to intraday highs till 212 / 217...
Market View For 19/01/09
Intraday Nifty:
Resistance 2856/2880/2913
Support 2799/2770/2725
We may oprn positive on the nifty as the global indices are standing strong.we may witness little volatility in noon session
Nifty closed exactly at resistance zone of 2828. For today watch out for 2856 as resistance. Further moving on upside, Nifty needs to breach 2910 (closing basis), to make fresh upmove and stay strong.
Resistance 2856/2880/2913
Support 2799/2770/2725
We may oprn positive on the nifty as the global indices are standing strong.we may witness little volatility in noon session
Nifty closed exactly at resistance zone of 2828. For today watch out for 2856 as resistance. Further moving on upside, Nifty needs to breach 2910 (closing basis), to make fresh upmove and stay strong.
Friday, January 16, 2009
Trading Levels
BUY NIFTY future JAN at 2748 sl 2715 upper trend till 2782 >> 2795
BUY JPASSOCIAT @66 sl 62 tgt 69.50 >> 72 >> 75
BUY JPASSOCIAT @66 sl 62 tgt 69.50 >> 72 >> 75
BUY CAIRN @ 152 SL 146.55 tgt 155 > > 161 for a short term
BUY RCOM as a investment for short term @ 182 Stop loss 175 tgt 200
Market View
Good Morning...!
We may open positive today and stay positive for some time.... Later we may expect a profit booking..
We may open positive today and stay positive for some time.... Later we may expect a profit booking..
Thursday, January 15, 2009
Trading Levels and News
NIFTY future
Resistance : 2738 , 2764 , 2799
Support : 2705, 2689, 2666
BUY DLF @198.50 sl 193 tgt 205 >> 209
BUY RELINFRA @494 stop-loss 469 target 505 / 513 / 527 /539...
Buy in cash small qty...time frame 1 to 3 days..
Inflation data for this week is as follows:
The benchmark figure for this week is 5.24% as compared to 5.91% last week.
Market view
Good morning
we may open a gapdown of around 70 points on nifty
we may open a gapdown of around 70 points on nifty
US markets fell sharply as worries about more credit losses in the banking sector and the earnings season weighed on stocks. Financials led declines, Citigroup fell 23%. In other losers, Apple plunged on news that CEO Steve Jobs will take a medical leave of absence through the end of June. In stocks in news, North America's biggest telephone equipment maker Nortel files for bankruptcy protection. A dismal picture was seen on the economic front with retail sales dropping 2.7% in December and import and export prices falling for fifth straight month.
The Dow fell 248.42 points, or 2.94%, to 8,200.14. The S&P 500 plunged 29.17 points, or 3.35%, to 842.62. The Nasdaq composite index declined 56.82 points, or 3.67%, to 1,489.64
today spot level for nifty can be 2810,2799,2778,2721,2694
watch out for the levels and trade......
HAPPY TRADING.........!!!
Wednesday, January 14, 2009
Good Morning .....!!
Happy Pongal to all ....!! (Makar Sankrantri)
Today nifty may open positive and stay strong for some time.
The Asian indices are trading strong and the US indices closed positive .. this may give strength to our indices also....!!
Stay positive on the indian markets today and keep booking profits.. 2799 on nifty is a crutial support. watch out for it.
Happy Pongal to all ....!! (Makar Sankrantri)
Today nifty may open positive and stay strong for some time.
The Asian indices are trading strong and the US indices closed positive .. this may give strength to our indices also....!!
Stay positive on the indian markets today and keep booking profits.. 2799 on nifty is a crutial support. watch out for it.
Tuesday, January 13, 2009
Intraday Trading Signals and levels
Short sell: Infosys below 1145, target: 1120. Stoploss: 1155.
RELIANCE CAPITAL (SELL) 434-438 (Target1)428 (Target2) 418(Sl) 445
RELIANCE CAPITAL (SELL) 434-438 (Target1)428 (Target2) 418(Sl) 445
Market Overview Jan13, 2009
Nifty (Spot) :
Resistance:- 2828 - 2856 - 2899
Support:- 2770 - 2720 - 2660 - 2620
Nifty Fut corrected again from highs, after a better than expected IIP numbers our indices crumbled in the last trading session and made a low of 2728, shows that the Institutions are less interested in the government data. Yesterday's crumble shows that the investors are waiting the Q3 numbers and the fall reflected the Weak guidelines pressure can pull the market down wards.
Resistance:- 2828 - 2856 - 2899
Support:- 2770 - 2720 - 2660 - 2620
Nifty Fut corrected again from highs, after a better than expected IIP numbers our indices crumbled in the last trading session and made a low of 2728, shows that the Institutions are less interested in the government data. Yesterday's crumble shows that the investors are waiting the Q3 numbers and the fall reflected the Weak guidelines pressure can pull the market down wards.
Monday, January 12, 2009
IIP data Release -- shows positive
The IIP ( Index of industrial Production) numbers for the month of November 2008 have been announced. The growth rate was recorded at 2.4% for November 2008 , as against -0.4% announced for October 2008.
Trading Levels and intraday signals 12-1-2009
Nifty Futures Jan-09 - Pivot - 2864
Resistance:- 2925 - 2988 - 3048
Suport :- 2801 - 2741 - 2677
Bank Nifty Futures Jan-09 - Pivot - 4933
Resistance:- 5035 - 5190 - 5292
Support :- 4778 - 4676 - 4521
Reliance Spot - Pivot- 1151
Resistance:- 1211 - 1269 - 1331
Support :- 1125 - 1093 - 1033
Infosys - spot - (Pivot - 1213)
Resistance:- 1256 - 1309 - 1352
Support :- 1160 - 1117 - 1064
Buy Satyam @ 24 sl 19 upside till 29 >> 35
Sell RELINFRA @ 497 stop-loss 527 target 460 / 440 / 419...
***Sell n holdin Futures also for 1 - 7 days..Risk per lot 4100/-..Lot size 138..
Resistance:- 2925 - 2988 - 3048
Suport :- 2801 - 2741 - 2677
Bank Nifty Futures Jan-09 - Pivot - 4933
Resistance:- 5035 - 5190 - 5292
Support :- 4778 - 4676 - 4521
Reliance Spot - Pivot- 1151
Resistance:- 1211 - 1269 - 1331
Support :- 1125 - 1093 - 1033
Infosys - spot - (Pivot - 1213)
Resistance:- 1256 - 1309 - 1352
Support :- 1160 - 1117 - 1064
Buy Satyam @ 24 sl 19 upside till 29 >> 35
Sell RELINFRA @ 497 stop-loss 527 target 460 / 440 / 419...
***Sell n holdin Futures also for 1 - 7 days..Risk per lot 4100/-..Lot size 138..
Market View - 12Jan 2009
Good Morning....!!
Welcome to all new trading day in the Indaian Capital markets. Today we may not expect another Monday morning Blues. The steps of GOI's of appointing premium personalities to the satyam's board has been aplauded by experts. The appointment of Deepak Parekh (HDFC Ltd) , Kiran Karnik (Ex-Chairman NASCOMM) and C. Achutan (LAW and Finance expert) may bring back the confidence in the investors sentiments on the much concentrated SATYAM Fraud case.
The next thing to look after is the IIP Nos to be announced today, which are already expected to be -ve.
On the verge of Globla indices staying negitive, we may open Flat around and then we may expect a pull back to gain some day's High. The 2802 on NIFTY is a crutial level to watch as a support, if breaks we may taste 2745 levels. On the higher side 2920 is a goog level to watch as a resistance.
Please watch these levels carefully and trade accordingly.
Welcome to all new trading day in the Indaian Capital markets. Today we may not expect another Monday morning Blues. The steps of GOI's of appointing premium personalities to the satyam's board has been aplauded by experts. The appointment of Deepak Parekh (HDFC Ltd) , Kiran Karnik (Ex-Chairman NASCOMM) and C. Achutan (LAW and Finance expert) may bring back the confidence in the investors sentiments on the much concentrated SATYAM Fraud case.
The next thing to look after is the IIP Nos to be announced today, which are already expected to be -ve.
On the verge of Globla indices staying negitive, we may open Flat around and then we may expect a pull back to gain some day's High. The 2802 on NIFTY is a crutial level to watch as a support, if breaks we may taste 2745 levels. On the higher side 2920 is a goog level to watch as a resistance.
Please watch these levels carefully and trade accordingly.
Friday, January 09, 2009
Intraday News 09-01-2009
NIFTY FUT broken levels below 2817....Next level at 2786..
SBIN Future:- Sell at 1210 stop-loss 1239 target 1183 / 1164 / 1137.....Lot size 138...
*******Inflation data for this week is as follows: The Inflation figure for this week is 5.91% as compared to 6.38% last week.
Nifty :
Resistance 2880/2925/2990/3009
Support 2850/2830/2770
View:
On 7th January, We witnessed the biggest corporate fraud of Indian History.
This resulted in a massive fall in Indian market & hence our warning for a sharp fall of 300-500 in Nifty.
For today the level to watch out for 2830 on downside as strong support (closing basis), if held then we can see some bounce.
If the 2990 on nifty is held on upside relief rally may extend to 3100-3150 max.
Wednesday, January 07, 2009
Intraday call 07-01-2009
ICSA (INDIA) (BUY) 147-149 (T1)153 (T2) 155(Sl) 144.5
RELIANCE CAPITAL (SELL) 618-622 (T1)610 (T2) 598(Sl) 628BGR ENERGY (BUY) 182-184 (T1) 187 (T2) UPPER CIRCUIT(Sl) 177ajit kumar: Buy Praj Industries at 69.30, target: 72.50. Stoploss: 68.Buy BEML at 391, target: 405. Stoploss: 387
REL INFRA Sell @ 648 Stoploss 660 for Targets of 634. & HDFC BANK Buy @ 1098 Stoploss 1086 for Targets of 1115. & SATYAM Buy @ 176 Stoploss 167 for Targets of 186. NTPC Sell Jan Fut. around 178 with a Stoploss around 185 for targets of 166 & BHARTI AIRTEL Sell only around 660 Stoploss 672 for Target 645.
RELIANCE CAPITAL (SELL) 618-622 (T1)610 (T2) 598(Sl) 628BGR ENERGY (BUY) 182-184 (T1) 187 (T2) UPPER CIRCUIT(Sl) 177ajit kumar: Buy Praj Industries at 69.30, target: 72.50. Stoploss: 68.Buy BEML at 391, target: 405. Stoploss: 387
REL INFRA Sell @ 648 Stoploss 660 for Targets of 634. & HDFC BANK Buy @ 1098 Stoploss 1086 for Targets of 1115. & SATYAM Buy @ 176 Stoploss 167 for Targets of 186. NTPC Sell Jan Fut. around 178 with a Stoploss around 185 for targets of 166 & BHARTI AIRTEL Sell only around 660 Stoploss 672 for Target 645.
Inraday view 07/01/2009
View: Nifty corrected from higher resistance zone & then took a sharp bounce from lower support area & closed flat.Short-term momentum is up & Long-term is down.Detailed View:Above 3440, downtrend may breakout & we may see fresh rally Else we may see correction at any time. So profit booking at all highs is must till above level is not crossed satisfyingly
On Tuesday the market went down in the second half of the trading session on the failure of sustenance above 3110 level. However, may be due to strong grip of bulls the market recovered smartly towards the end and closed nearer to its previous close of 3120/10300. If we follow the studies of Japanese candlesticks then we can say that the on Tuesday the market has formed ?Hanging Man? formation at the top of the rally on daily charts, which indicates at weakness in the market. Rather it may be an advance indication that bears are ready to take the grip of the market in the near term.
On Tuesday the market went down in the second half of the trading session on the failure of sustenance above 3110 level. However, may be due to strong grip of bulls the market recovered smartly towards the end and closed nearer to its previous close of 3120/10300. If we follow the studies of Japanese candlesticks then we can say that the on Tuesday the market has formed ?Hanging Man? formation at the top of the rally on daily charts, which indicates at weakness in the market. Rather it may be an advance indication that bears are ready to take the grip of the market in the near term.
Tuesday, January 06, 2009
Trading Levles & Positional trading calls Jan06, 2009
Nifty Futures - Levels - (Pivot- 3108.7)
Resistance: 3151 - 3180.7 - 3223.50
Support : 3079.5 - 3036 - 3005.5
Reliance - Spot- (Pivot - 1345)
Resistance: 1396 - 1427.9* - 1478
Support : 1314 - 1263 - 1232
L&T - Spot - (Pivot - 850)
Resistance: 868 - 879 - 897
Support: 839 - 821 - 810
Trading calls:
BHARTIARTL - Buy Above 685 with a Sl 677 tgt 695 >> 702 >> 711
MOSERBAER - Buy above 83 sl 81 tgt 85.50 >> 88 >> 90
IBREALEST - Buy above 153 sl 147 tgt 158 >> 161
Resistance: 3151 - 3180.7 - 3223.50
Support : 3079.5 - 3036 - 3005.5
Reliance - Spot- (Pivot - 1345)
Resistance: 1396 - 1427.9* - 1478
Support : 1314 - 1263 - 1232
L&T - Spot - (Pivot - 850)
Resistance: 868 - 879 - 897
Support: 839 - 821 - 810
Trading calls:
BHARTIARTL - Buy Above 685 with a Sl 677 tgt 695 >> 702 >> 711
MOSERBAER - Buy above 83 sl 81 tgt 85.50 >> 88 >> 90
IBREALEST - Buy above 153 sl 147 tgt 158 >> 161
Market View Jan6,2009
Good Morning ...!!
Welcome to a new trading session in India.
The last trading session closed strong after the sentiments in the frontline commodity stocks moving strong. Nifty gave a breakout above our said resistance of 3080 & closed around the next resistance of 3131. This rally may extend max upto 3220 as of now. Today we may open marginally positive, backing to the mixed cues from the Asian Indices. The US indices Closed weak after opening positive in the last trading session.
Please exit form longs and book profits at the highs as 3180 on nifty is the most strong resistance if crosses will touch the 3220 mark and stay positive for a short term.. We may see a sell-off of 300-500 pts on Nifty by "XX" feb, Be cautious
Welcome to a new trading session in India.
The last trading session closed strong after the sentiments in the frontline commodity stocks moving strong. Nifty gave a breakout above our said resistance of 3080 & closed around the next resistance of 3131. This rally may extend max upto 3220 as of now. Today we may open marginally positive, backing to the mixed cues from the Asian Indices. The US indices Closed weak after opening positive in the last trading session.
Please exit form longs and book profits at the highs as 3180 on nifty is the most strong resistance if crosses will touch the 3220 mark and stay positive for a short term.. We may see a sell-off of 300-500 pts on Nifty by "XX" feb, Be cautious
Monday, January 05, 2009
Intraday trading Levels and Calls Jan 5, 2009
Nifty future: Pivot: 3056
Resistance: 3089 / 3125 / 3158
Support: 2951 / 2987 / 3020
Buying seen in BombayDyeing buy above 212 with sl 207 may turn upside till 218 >> 222 >> 225
Banking sector may plung into action, Buy Yesbank above 84 sl 81 may touch upside till 89 >> 92
Buy IFCI @ 23.75 sl 22.9 tgt 25 >> 27 (carry for delivery -was our positional call at 22.20)
Market View - Jan5 - 2009
Good Morning.........!!!!
We may open in green today, backing up with the positive global ques.
we may face resistance at 3080 on the nifty, if breaches can rally to 3132 on the higher side.
Please keep stop losses to your trade as a breakage below 3022 will take to 2950 on the lower side.
Saturday, January 03, 2009
GOI announces the Fiscal stimulas package 2.0 , for INDIA INC releases Rs: 25k cr..
The Central Government of India gave INDIA Inc the a good NEW YEAR gift by announcing the second fiscal stimulus package which can be the last for this fiscal, the focus of which is to provide more liquidity and cut the cost of funds. “The scale of liquidity potentially available through this window is Rs.25,000 crore,” said Ahluwalia, who briefed reporters here, after it was approved by Prime Minister Manmohan Singh.This came almost a month after the first on December 7' 2008 and covers a series of measures aimed at easing credit delivery to sectors impacted most by the economic slowdown, but contains limited deficit-financed government spending.The second instalment liberalised overseas borrowing norms, restored benefits to exporters, set up an alternative channel of finance for non-banking finance companies and allowed state-run India Infrastructure Finance Company Ltd (IIFCL) to issue additional tax-free bonds.
Exporters, too, will benefit with an extension of the duty-entitlement passbook (DEPB) scheme and enhanced duty drawback benefits on items like knitted fabrics, bicycles, farm hand tools and some categories of yarn.
Apart from the higher depreciation benefit, the automobile industry can benefit from an arrangement that is being worked out with leading public sector banks to provide a line of credit to lending institutions to finance commercial vehicles.
The realty industry can benefit from the permission to use external commercial borrowings if intended for the development of integrated townships, while enhancing the level of credit for micro units.
In order to give a boost to the corporate bond market, foreign institutional investment limit in rupee-denominated securities would be increased from $6 billion to $15 billion.
With the package the government is hopeful of seven per cent growth and there won't be another package till June.
Now we have to watch whether this will act as just a sentimantal booster to the entire industry or will result in a helping hand to the economic slowdown.
Now we have to watch whether this will act as just a sentimantal booster to the entire industry or will result in a helping hand to the economic slowdown.
** To read this article click here
Friday, January 02, 2009
RBI cuts repo and crr
RBI Cuts REPO RATE by 100bps and CRR by 50 bps. The Reserve Bank of India has cut the cash reserve ratio by 50 basis points, and both the repo and reverse repo rates by 100 bps. (100 bps=1%) The repo rate, after the cut, now stands at 4% from the 4.5% earlier.
In a statement, RBI said, “The global financial situation continues to be uncertain. Since the official recognition of recession in the US, the UK, the Euro area and Japan, the downside risks to the global economy have increased. On a review of current global and domestic macroeconomic situation, the Reserve Bank decided to take the measures.”
The release added, “The reduction in the CRR will inject additional liquidity of around Rs 20,000 crore to the financial system. It is expected that the reduction in the policy interest rates and the CRR will further enable banks to provide credit for productive purposes at appropriate interest rates. The Reserve Bank on its part would continue to maintain a comfortable liquidity position in the system.”
"The fundamentals of our economy continue to be strong. Once the crisis is behind us, and calm and confidence are restored in the global markets, economic activity in India would recover sharply. But a period of painful adjustment is inevitable," it stated.
In a statement, RBI said, “The global financial situation continues to be uncertain. Since the official recognition of recession in the US, the UK, the Euro area and Japan, the downside risks to the global economy have increased. On a review of current global and domestic macroeconomic situation, the Reserve Bank decided to take the measures.”
The release added, “The reduction in the CRR will inject additional liquidity of around Rs 20,000 crore to the financial system. It is expected that the reduction in the policy interest rates and the CRR will further enable banks to provide credit for productive purposes at appropriate interest rates. The Reserve Bank on its part would continue to maintain a comfortable liquidity position in the system.”
"The fundamentals of our economy continue to be strong. Once the crisis is behind us, and calm and confidence are restored in the global markets, economic activity in India would recover sharply. But a period of painful adjustment is inevitable," it stated.
Source Moneycontrol.com
Free Intraday trading calls and levels Jan2,2009
Nifty Futures Jan-09 - Pivot - 3025
Resistance : 3074 - 3102 - 3152
Support : 2996 - 2947 - 2918
Bank Nifty Futures Jan-09 - Pivot - 5029
Resistance : - 5088 - 5188 - 5247
Support : 4929 - 4870 - 4770
INTRADAY Trade:
Polaris has shown a good technical move, buy above 46 sl 42 tgt 52 >> 55
IDFC seen good accumulation in the recent days, Buy
NTPC if sustains above 181 with a stoploss of 177 upside trend till 185/189 SL 179
BHEL , buy above 1405 SL 1380 upside trend till 1460
Resistance : 3074 - 3102 - 3152
Support : 2996 - 2947 - 2918
Bank Nifty Futures Jan-09 - Pivot - 5029
Resistance : - 5088 - 5188 - 5247
Support : 4929 - 4870 - 4770
INTRADAY Trade:
Polaris has shown a good technical move, buy above 46 sl 42 tgt 52 >> 55
IDFC seen good accumulation in the recent days, Buy
NTPC if sustains above 181 with a stoploss of 177 upside trend till 185/189 SL 179
BHEL , buy above 1405 SL 1380 upside trend till 1460
HDFC BANK
Buy abv 1010 S/L 999 TGT 1025 - 1035
Buy abv 1010 S/L 999 TGT 1025 - 1035
Sell below 998 S/L 1009 Tgt 985 - 979
CAIRN
Buy abv 173.75 S/L 171.8 TGT 177 - 182
Sell below 170.5 S/L 173.5 TGT 165 - 160
Buy abv 173.75 S/L 171.8 TGT 177 - 182
Sell below 170.5 S/L 173.5 TGT 165 - 160
Market View Jan2, 2009
Good Morning ....!!
NIFTY Levels:
Resistance: 3060/3090/3110
Support : 3030/3005/2990/2950
We have kickstarted the New year with a positive note, after a choppy half session Nifty spurted in later hours on thursday to close near the days Highs. This strength shown by indian indices, despite being most of the major Global indices shutting down for trade, reflects that the indian markets have gained a strong support at the 2850 lelves for the nifty. We can expect this to be a strong lelvel for the nifty to break over the short term. At the maximum Nifty may rally upto 3060-3110, where it faces stiff resistance. Above 3220 we may touch 3400 & below 2850 we may see 2770/2550 levels. So plan accordingly as accumulating some puts will be a good idea at higher levels.
We may open strong on nifty as the Asian indices are positive and showing good strength.
Straits Times (+323.34)
Hangseng (+323.34)
Although we may face some selling at the higher levels ... we advice to keep stoploss for long positions.
HAPPY TRADING.............!!!!
NIFTY Levels:
Resistance: 3060/3090/3110
Support : 3030/3005/2990/2950
We have kickstarted the New year with a positive note, after a choppy half session Nifty spurted in later hours on thursday to close near the days Highs. This strength shown by indian indices, despite being most of the major Global indices shutting down for trade, reflects that the indian markets have gained a strong support at the 2850 lelves for the nifty. We can expect this to be a strong lelvel for the nifty to break over the short term. At the maximum Nifty may rally upto 3060-3110, where it faces stiff resistance. Above 3220 we may touch 3400 & below 2850 we may see 2770/2550 levels. So plan accordingly as accumulating some puts will be a good idea at higher levels.
We may open strong on nifty as the Asian indices are positive and showing good strength.
Straits Times (+323.34)
Hangseng (+323.34)
Although we may face some selling at the higher levels ... we advice to keep stoploss for long positions.
HAPPY TRADING.............!!!!
Thursday, January 01, 2009
Free INTRADAY CALLS & trading levels - 01-01-2008
NIFTY FUT LEVELS
Resistance: 3018 >> 3056 >> 3090
Supports : 2961 >> 2938 >> 2918
BuySail @ 80.50 with a sl 77 tgt 83 >> 85
Buy NDTV @ 138 sl 132 tgt 143 >> 145
Buy RELINFRA above 585 sl 571 tgt 600 >> 605
Resistance: 3018 >> 3056 >> 3090
Supports : 2961 >> 2938 >> 2918
BuySail @ 80.50 with a sl 77 tgt 83 >> 85
Buy NDTV @ 138 sl 132 tgt 143 >> 145
Buy RELINFRA above 585 sl 571 tgt 600 >> 605
Buy Redington at 132 sl 128 tgt 137 >> 140
Buy Relcapital above 552 sl 544 tgt 560 >> 565 >> 572
*** Inflation data figure for this week is 6.38% as compared to 6.61% last week.
Market View & info..... Jan1, 2009
JSK - Good Morning .......!!
Wish u All a happy new year.... 2009
Nifty SPOT LEVELS ARE 3072,3060, 2955,2931,2922
Today we may start the new calender year with a fresh positive note. It can follow the rise in the US markets. we may expect a good rise for the day's trade but the market will help purely traders who can trade in a range.
Our NIFTY index has a support at 2920 on the lower side and can face resistance at 3070 levels on the higher side
Wish u All a happy new year.... 2009
Nifty SPOT LEVELS ARE 3072,3060, 2955,2931,2922
Today we may start the new calender year with a fresh positive note. It can follow the rise in the US markets. we may expect a good rise for the day's trade but the market will help purely traders who can trade in a range.
Our NIFTY index has a support at 2920 on the lower side and can face resistance at 3070 levels on the higher side
***** Inflation data figure for this week is 6.38% as compared to 6.61% last week.
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