8.44 AM : YESTERDAY NEGATIVE CLOSING FOR KEY US INDICES
EUROPEAN DEBT INDICES FOR US DOWN
ALL SECTORS DOWN NASDAQ & S&P
STRONGER YEN INDICES VS. YUAN
TODAY ASIAN MARKETS OPEN IN THE RED
TODAY FOR TRADING BANKING SECTOR IS GOOD
TODAY INTRADAY TIPS
RELIANCE BUY ABOVE 1054 TARGET 1062 - 1064
STOPLOSS 1050
SBIN BUY ABOVE 2350 - TARGET 2358 -2364
STOPLOSS 1056
TATA STEEL BUY ABOVE 500 TARGET 504 - 508
STOPLOSS 498
9.53 am : TODAY NIFTY SUPPORT 5282, IT WILL BROKEN SOME MORE CORRECTION
OTHERWISE NIFTY WILL UP MOVE ONLY
11.44 AM : NIFTY IN "U" TURN
12.13 PM : NIFTY TRY TO ZOOM
12.21 PM : European stocks are seen slightly up, as investors take a breather after a sharp three-session pullback, but fresh signs of weakness in U.S. consumer spending and worries of tighter financial regulation ahead of the weekend G20 meeting will weigh on the market.
12.34 PM : TRADERS KEEP WATCH NIFTY WILL KISS 5330 - 5350 LEVEL
12.57 PM : TATA STEEL ZOOOOOOOOOOM
TRADERS TRADE CAREFULLY, STRICT STOPLOSS
ALERT! ALERT! ALERT! ALERT!
2.09 PM : TRADERS ALERT CORRECTION START
2.48 pm : our RELIANCE TARGET 1064 TARGET ACHIEVED
PETROL PRICE HIKED,SO OIL SECTOR SUDDEN UP
TODAY BANKING SECTOR AND VEHICLE SECTOR
MATERIAL SECTOR BADLY AFFECTED DUE TO
PETROL HIKE.
BYE BYE
MEET YOU ALL MONDAY 8.45AM
HAPPY WEEK END
Friday, June 25, 2010
Thursday, June 24, 2010
HAPPY FRIDAY - 24.06.2010
8.50 AM :TODAY INTRADAY BANKING SECTOR IS GOOD
ICICI BANK
BANK OF BARODA
YES BANK
TODAY HOT BUYING STOCKS

RIL
L&T
SESAGOA
TATA STEEL
TATA MOTORS
NIFTY 5282 STRONG SUPPORT, IT WILL BROKEN MARKET BEARISH
OTHERWISE MARKET BULLISH UP TO NIFTY 5420
9.13 am : L&T ROCKING
10.11 am: L&T 1.75% UP
SESAGOA 1.75% UP
TATA STEEL 1.3% UP
10.55 am : BUY TATA MOTORS BUY ABOVE 795 TARGET 800+
11.46 AM : SESAGOA ROCKING 2.5% UP
12.32 PM: EUROPE MARKET OPEN IN GREEN
2.36 PM : NIFTY 5282 SUPPORT
3.35 PM : OK BYE
SEE YOU AT TOMMOROW AT 8.45AM
ICICI BANK
BANK OF BARODA
YES BANK
TODAY HOT BUYING STOCKS

RIL
L&T
SESAGOA
TATA STEEL
TATA MOTORS
NIFTY 5282 STRONG SUPPORT, IT WILL BROKEN MARKET BEARISH
OTHERWISE MARKET BULLISH UP TO NIFTY 5420
9.13 am : L&T ROCKING
10.11 am: L&T 1.75% UP
SESAGOA 1.75% UP
TATA STEEL 1.3% UP
10.55 am : BUY TATA MOTORS BUY ABOVE 795 TARGET 800+
11.46 AM : SESAGOA ROCKING 2.5% UP
12.32 PM: EUROPE MARKET OPEN IN GREEN
2.36 PM : NIFTY 5282 SUPPORT
3.35 PM : OK BYE
SEE YOU AT TOMMOROW AT 8.45AM
Wednesday, June 23, 2010
HAPPPY WEDNESDAY - 23.06.2010
TODAY INTRADAY PHARMA SECTOR IS GOOD
SUN PHARMA
DR.REDDYS LAB
TODAY NIFTY WILL 15 TO 20 POINTS GAP DOWN OPEN
NIFTY SUPPORT 5280 - 5250 - 5202 - 5180
NIFTY RESISTANCE 5330 - 5352
TODAY INTRADAY TIPS
BUY BPCL ABOVE 550 TARGET 555 - 558
STOPLOSS 547
BUY ABOVE 354 TARGET 360 - 362
STOPLOSS 350
BUY ABOVE 1825 TARGET 1835 - 1840
STOPLOSS 1820
9.09 am : NIFTY IMPORTANT SUPPORT 5280
9.18 AM : HPCL AND BPCL ROCKING REVISED YOUR TARGET 2 TO 3 RUPEES
TRADE WITH STRICT STOPLOSS
9.41 AM : TODAY METAL SECTOR WEAK
11.08 AM : MARKET TRADE IN FLAT
OUR MARKET WAITING FOR EUROPE UPDATE
TODAY EUROPE OPEN WILL RED
OUR MARKET SOME MORE CORRECTION POSSIBLE
12.36 PM : FRANCE MARKET 1% DOWN
3.32 pm : TODAY FLAT MARKET
PHARMA SECTOR WAS GOOD PROFIT TODAY
DR.REDDYS LAB 2.41% UP
SUN PHARMA 1.61% UP
TODAY EUROPE WAS RED
TODAY US ALSO RED
TODAY HOME ALSO RELEASE IN US
THAT DATA FALL DOWN
SO US MARKET RED
BYE BYE
SUN PHARMA
DR.REDDYS LAB
TODAY NIFTY WILL 15 TO 20 POINTS GAP DOWN OPEN
NIFTY SUPPORT 5280 - 5250 - 5202 - 5180
NIFTY RESISTANCE 5330 - 5352
TODAY INTRADAY TIPS
BUY BPCL ABOVE 550 TARGET 555 - 558
STOPLOSS 547
BUY ABOVE 354 TARGET 360 - 362
STOPLOSS 350
BUY ABOVE 1825 TARGET 1835 - 1840
STOPLOSS 1820
9.09 am : NIFTY IMPORTANT SUPPORT 5280
9.18 AM : HPCL AND BPCL ROCKING REVISED YOUR TARGET 2 TO 3 RUPEES
TRADE WITH STRICT STOPLOSS
9.41 AM : TODAY METAL SECTOR WEAK
11.08 AM : MARKET TRADE IN FLAT
OUR MARKET WAITING FOR EUROPE UPDATE
TODAY EUROPE OPEN WILL RED
OUR MARKET SOME MORE CORRECTION POSSIBLE
12.36 PM : FRANCE MARKET 1% DOWN
3.32 pm : TODAY FLAT MARKET
PHARMA SECTOR WAS GOOD PROFIT TODAY
DR.REDDYS LAB 2.41% UP
SUN PHARMA 1.61% UP
TODAY EUROPE WAS RED
TODAY US ALSO RED
TODAY HOME ALSO RELEASE IN US
THAT DATA FALL DOWN
SO US MARKET RED
BYE BYE
Tuesday, June 22, 2010
Market News
BP shares touch 13-year low as cost concerns weigh
Shares in BP (LSE:BP.L - News) fell to a 13-year low on Tuesday on concerns over the oil major's exposure to costs associated with the massive oil spill in the Gulf of Mexico.
BP extended losses to touch a trough of 332.75 pence, its lowest since late February 1997.
Confidence in the oil giant was further undermined as chief executive Tony Hayward retreated from daily management of the oil spill crisis and dodged a conference appearance.
World stocks down as Europe debt fears creep back
World stock markets mostly fell Tuesday as renewed concern about Europe's debt crisis overshadowed the initial enthusiasm over China's decision to let its currency rise.
Investor sentiment was undermined after Fitch downgraded its debt rating on BNP Paribas SA -- the largest bank in the eurozone by deposits -- by one notch Monday, reviving worries that Europe's sovereign debt mountain will slow growth and undermine the financial system. Fitch slashed BNP's long-term rating to AA-minus from AA on deteriorating asset quality.An unexpected rise in German business sentiment failed to cheer markets.
HAPPY TUESDAY - 22.06.2010
TODAY NIFTY OPEN WAS DOWN
INTRADAY BUY ABOVE 178 STERLITE INDUS TARGET 183 - 185
STOPLOSS 175.50
9.16 AM : BUY TATA STEEL BUY ABOVE 497 TARGET 504 - 508
STOPLOSS 494 , TRADE WITH STRICT STOPLOSS
10.49 am : MARKET TRADING WITH FLAT
AFTER NOON SOME MORE CORRECTION POSSIBLE
10.55 AM : LOOK TATA STEEL ROCKING
11.40 am :Asian stock markets mostly fell Tuesday as renewed concern about Europe's debt crisis overshadowed the initial enthusiasm over China's decision to let its currency rise.
11.53 am : SBIN NEW LOW
12.22 PM : TRADERS BE ALERT
TRADE WITH STRICT STOPLOSS
IF EUROPE OPENS IN RED,EXIT FROM TATA STEEL AND STERLITE BUY
OUR MARKET ALSO SUDDEN DOWN
SO ALERT
12.31 PM : EUROPE OPEN IN RED, SO ALERT
12.52 PM : KEEP STRICT STOPLOSS
01.45PM: EUROPE SOME RECOVER,SO OUR MARKET ALSO RECOVER
EUROPE IS A KEY PLAYER IN GLOBAL TREND
2.09 pm : STERLITE INDUS BOOK PARTIAL PROFIT AT 180 LEVEL
TATA STEEL BOOK PARTIAL PROFIT AT 500 LEVEL
2.46 PM : MARKET UNSTABLE CAREFUL
3.06 pm : EUROPE ALL ARE ABOVE 1% DOWN
3.31pm : OK BYE
GLOBAL TODAY RED
TOMMOROW?
MEET YOU ALL TOMMOROW 8.45 AM
BYE BYE
Monday, June 21, 2010
HAPPY MONDAY - 21.06.2010
TODAY NIFTY WILL GAP UP OPEN
TODAY INTRADAY TIPS
DLF BUY AT 283 TARGET 288
STERLITE BUY AT 678 TARGET 687
RIL BUY AT 1054 TARGET 1064
ITC BUY AT 295 TARGET 299
TATASTEEL 474 TARGET 480 - 482
nifty HURDLE 5330 - 5350
9.12 AM :SUPPORT 5302 - 5250 - 5202 - 5180 - 5150
9.18 AM : AFTERNOON SOME CORRECTION POSSIBLE
GLOBAL MARKET ALL ARE GREEN
TODAY EUROPE IS LOST HOPE FOR BEAR
10.12 am : TATA MOTORS LAST RESISTANCE 824
10.18 AM NIFTY IN HIGHER LEVEL 5350
10.52 AM : TATA STEEL ROCKING
11.52 AM : TATA STEEL RESISTANCE 509
11.54 AM : TODAY IF EUROPE WILL GREEN WE WILL REACH NIFTY 5400
IF EUROPE WILL RED OUR MARKET SUDDEN DOWN POSSIBLE
12.07 PM ; CANADA ECONOMY IN FRONT
The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.
World leaders have noticed: President Barack Obama says the U.S. should take note of Canada's banking system, and Britain's Treasury chief is looking to emulate the Ottawa way on cutting deficits.
The land of a thousand stereotypes -- from Mounties and ice hockey to language wars and lousy weather -- is feeling entitled to do a bit of crowing as it hosts the G-20 summit of wealthy and developing nations.
"We should be proud of the performance of our financial system during the crisis," said Finance Minister Jim Flaherty in an interview with The Associated Press.
12.27 PM : NIFTY TRADE WITH FLAT,IT WILL WAIT FOR EUROPE OPENING
12.40 pm : US MARKET THIS WEEK
Monday: There are no market-moving economic or corporate events expected on Monday.
Tuesday: The existing home sales index from the National Association of Realtors is due in the morning. The index is expected to have risen to a seasonally adjusted annual rate of 6.10 million units in May, up from a 5.77 million unit rate in April, according to a consensus of economists surveyed by Briefing.com.The FHFA Housing price index for April is also due in the morning, but is not typically a market mover
Wednesday: The May new home sales index from the Census Bureau is due shortly after the start of trading. The index is expected to have fallen to a seasonally adjusted annual rate of 427,000 units, from a 504,000 unit rate in the previous month
Thursday: The Commerce Department releases the durable goods orders report for May in the morning. Orders are expected to have fallen 1.4% after rising 2.8% in April. Orders excluding transportation are expected to have risen 1.25% after falling 1.1% last month.
The number of Americans filing new claims for unemployment is expected to have fallen to 458,000 last week from 472,000 the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have risen to 4,580,000, from 4,571,000 last week
Oracle (ORCL, Fortune 500) reports quarterly results Thursday evening. The software maker is expected to report earnings of 54 cents per share, up 17% from a year ago, and revenue of $9.5 billion, up 38% from a year ago.
Friday: The revised reading on gross domestic product (GDP) growth in the first quarter is due in the morning. GDP is expected to have grown at a 3% annualized rate, unchanged from the previous reading.
The University of Michigan's final reading on consumer sentiment in June is due in the morning. It's expected to hold steady at 75.5, unchanged from the last reading
2.03 PM : LOOK EUROPE COME DOWN
2.34 PM : MARKET BORING
TODAY INTRADAY TIPS
DLF BUY AT 283 TARGET 288
STERLITE BUY AT 678 TARGET 687
RIL BUY AT 1054 TARGET 1064
ITC BUY AT 295 TARGET 299
TATASTEEL 474 TARGET 480 - 482
nifty HURDLE 5330 - 5350
9.12 AM :SUPPORT 5302 - 5250 - 5202 - 5180 - 5150
9.18 AM : AFTERNOON SOME CORRECTION POSSIBLE
GLOBAL MARKET ALL ARE GREEN
TODAY EUROPE IS LOST HOPE FOR BEAR
10.12 am : TATA MOTORS LAST RESISTANCE 824
10.18 AM NIFTY IN HIGHER LEVEL 5350
10.52 AM : TATA STEEL ROCKING
11.52 AM : TATA STEEL RESISTANCE 509
11.54 AM : TODAY IF EUROPE WILL GREEN WE WILL REACH NIFTY 5400
IF EUROPE WILL RED OUR MARKET SUDDEN DOWN POSSIBLE
12.07 PM ; CANADA ECONOMY IN FRONT
The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.
World leaders have noticed: President Barack Obama says the U.S. should take note of Canada's banking system, and Britain's Treasury chief is looking to emulate the Ottawa way on cutting deficits.
The land of a thousand stereotypes -- from Mounties and ice hockey to language wars and lousy weather -- is feeling entitled to do a bit of crowing as it hosts the G-20 summit of wealthy and developing nations.
"We should be proud of the performance of our financial system during the crisis," said Finance Minister Jim Flaherty in an interview with The Associated Press.
12.27 PM : NIFTY TRADE WITH FLAT,IT WILL WAIT FOR EUROPE OPENING
12.40 pm : US MARKET THIS WEEK
Monday: There are no market-moving economic or corporate events expected on Monday.
Tuesday: The existing home sales index from the National Association of Realtors is due in the morning. The index is expected to have risen to a seasonally adjusted annual rate of 6.10 million units in May, up from a 5.77 million unit rate in April, according to a consensus of economists surveyed by Briefing.com.The FHFA Housing price index for April is also due in the morning, but is not typically a market mover
Wednesday: The May new home sales index from the Census Bureau is due shortly after the start of trading. The index is expected to have fallen to a seasonally adjusted annual rate of 427,000 units, from a 504,000 unit rate in the previous month
Thursday: The Commerce Department releases the durable goods orders report for May in the morning. Orders are expected to have fallen 1.4% after rising 2.8% in April. Orders excluding transportation are expected to have risen 1.25% after falling 1.1% last month.
The number of Americans filing new claims for unemployment is expected to have fallen to 458,000 last week from 472,000 the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have risen to 4,580,000, from 4,571,000 last week
Oracle (ORCL, Fortune 500) reports quarterly results Thursday evening. The software maker is expected to report earnings of 54 cents per share, up 17% from a year ago, and revenue of $9.5 billion, up 38% from a year ago.
Friday: The revised reading on gross domestic product (GDP) growth in the first quarter is due in the morning. GDP is expected to have grown at a 3% annualized rate, unchanged from the previous reading.
The University of Michigan's final reading on consumer sentiment in June is due in the morning. It's expected to hold steady at 75.5, unchanged from the last reading
2.03 PM : LOOK EUROPE COME DOWN
2.34 PM : MARKET BORING
Saturday, June 19, 2010
BP - OIL DISASTER
We're now two months removed from the offshore-drilling disaster in the Gulf of Mexico that killed 11 people, sent the Deepwater Horizon to the bottom of the sea, set millions of gallons of crude flowing into the water and cratered the stock price of one of the world's biggest petroleum companies, BP (NYSE: BP - News).
Since April 20, we've learned a few things, none of them good.
Here's a recap: Halting thousands of gallons of fossil fuels from spewing every day out of a busted pipe 5,000 feet below the ocean surface is extremely difficult; politicians still love to hear themselves talk; executives from giant corporations still don't particularly like contrition; and an outcome in which everybody can walk away and claim victory appears less and less likely.
Everybody's mad, and they all have their own reasons to be. President Obama's mad, members of Congress are mad, BP shareholders are mad. Officials at BP, Transocean (NYSE: RIG - News) and Halliburton (NYSE: HAL - News) aren't happy -- who wants to be portrayed as a bunch of villains in papers around the globe, over and over again?
Workers and residents in the Gulf are panicking about their economy and way of life. Alternative-energy advocates are in we-told-you-so mode, and environmental activists are apoplectic. Let's face it, even people who aren't especially green-minded don't tend to revel in images of oil-coated pelicans and widespread wildlife kills.
Oil, Oil Everywhere
It's not breaking news to say the situation is bad in the Gulf. We still hear about the Exxon Valdez 21 years after the oil tanker ruptured off the coast of Alaska. By many accounts, the Deepwater Horizon has the potential to be significantly worse than what happened in Prince William Sound in 1989, if for no other reason than the amount of oil that's now escaped into the ocean. The ultimate effects won't be known for months certainly, and for years perhaps.
While it's hard to say this week saw much improvement on containing the crisis, it did produce a number of notable images and comments from the main players, some of which appear in the accompanying video.
The short version of events is that the president visited the South to assess the situation and look for progress, but his speech that followed the trip wasn't particularly well-received. Meanwhile, BP set plans to suspend its dividend and establish a $20 billion fund to offset the costs of dealing with the cleanup and its consequences, and Tony Hayward, the oil company's CEO, appeared before lawmakers in Washington to, let's be generous, "answer" questions.
Analysts and commentators continued to fight about whether this is a good time or a bad time to buy BP's shares, whether the company will remain viable or whether it will require some type of merger or savior to keep its assets drilling and producing. If you're an investor, you already know you'll find passionate arguments on both sides of the issue regarding what to do with your money.
Since most of us aren't petroleum engineers -- ever heard of a blowout preventer until about eight weeks ago? -- we can't do much more than watch and wait, and hope that the experts will get the leak stopped.
Having to rely on hope in the absence of all else is never an enviable position. But sometimes, that's all you've got.
US MARKET ON FRIDAY
-- Here's something for investors beaten down by the market's sharp declines this spring: The Dow Jones industrial average just had its best two weeks since November.
The Dow's gain of 16 points on Friday was relatively modest, but it capped a surge of 5.2 percent over the past two weeks that puts the average nearly halfway back to the high for the year that it reached on April 26.
Stocks had a longer winning streak earlier this year, an eight-week stretch that ended in late April, but those gains were more gradual. Then a sharp drop in May and early June brought the Dow down as much as 12.4 percent below its 2010 high, a decline that market analysts call a "correction."
The debate now is focusing on whether that correction phase is over. A correction is generally considered a drop of 10-20 percent from a recent peak. The Dow has risen back 6.5 percent from its lowest close of the year on June 7, but it's still down 6.7 percent from its 2010 high.
"I don't know that we're totally through the correction," said Stu Schweitzer, global markets strategist at JPMorgan's Private Bank in New York. "I do expect markets to remain quite volatile all through the rest of this year, but I still expect that we're going to end the year higher."
Minerals companies led other shares higher after gold settled at another record high. Barrick Gold Corp. jumped 3.5 percent, while Newmont Mining Corp. rose 2.6 percent.
Corporate news also brought out buyers. CVS Caremark Corp. rose 1.9 percent and Walgreen Co. rose 2.8 percent after the two companies settled a dispute over pharmacy prescriptions that had threatened to hurt profits. Dow component Caterpillar Inc. gained 1.4 percent after reporting sharply higher sales.
The Dow rose 16.47, or 0.2 percent, to close at 10,450.64. The broader Standard & Poor's 500 index rose 1.47, or 0.1 percent, to 1,117.51. The Nasdaq composite index edged up 2.64, or 0.1 percent, to 2,309.80.
All three indicators posted solid gains for the week. The Dow is up 2.3 percent, the S&P 500 2.4 percent and the Nasdaq 3 percent.
The Dow posted its second consecutive weekly gain of more than 2 percent. Before that, the Dow had been down for three weeks. The last time the Dow had a two-week stretch of gains that strong was in November 2009.
Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where consolidated volume came to 4.9 billion shares, versus 4.6 billion the day before. Volume was heavier because of the simultaneous expiration of four kinds of futures and options contracts, which occurs once every quarter.
Trading was relatively quiet considering the options and futures expirations, which can often bring volatility as traders adjust their portfolios. The week that follows the June expiration is often a losing one for investors. The Dow has posted a loss during that week for the past 11 years, according to the Stock Trader's Almanac.
Bond prices slipped, pushing interest rates higher. The yield on the benchmark 10-year Treasury note rose to 3.23 percent from 3.20 percent late Thursday.
The dollar edged lower against the British pound and Japanese yen, while the euro edged down versus the dollar. The euro has regained strength over the past week amid encouraging signs in Europe's efforts to control its debt crisis. Spain had successful bond sales this week, and European leaders pledged to disclose the results of stress tests on banks.
Crude oil rose 39 cents to settle at $77.18 per barrel on the New York Mercantile Exchange.
Randy Frederick, director of trading and derivatives at Charles Schwab, said the market's bounce from its recent lows has come too quickly. He said professional traders are building up positions in investments that would cushion their losses if the market fell again.
"Not that we're going into this big ugly bear market but to go back down to the lows that we were at just a few weeks ago, I think, seems very possible based on what I see," Frederick said. "I see a reason to be a little cautious right now."
The coming week brings readings on home sales and consumer sentiment. The Federal Reserve also will meet on interest rates.
Gold settled up $1,258.30 an ounce, a gain of $9.60. Barrick Gold rose $1.56, or 3.5 percent, to $46.38, and Newmont Mining climbed $1.57, or 2.6 percent, to $61.25.
CVS rose 59 cents to $32.43, while Walgreen gained 82 cents to $30.09. Caterpillar gained 90 cents to close at $65.85.
The Russell 2000 index of smaller companies rose 1.07, or 0.2 percent, to 666.92.
The Dow's gain of 16 points on Friday was relatively modest, but it capped a surge of 5.2 percent over the past two weeks that puts the average nearly halfway back to the high for the year that it reached on April 26.
Stocks had a longer winning streak earlier this year, an eight-week stretch that ended in late April, but those gains were more gradual. Then a sharp drop in May and early June brought the Dow down as much as 12.4 percent below its 2010 high, a decline that market analysts call a "correction."
The debate now is focusing on whether that correction phase is over. A correction is generally considered a drop of 10-20 percent from a recent peak. The Dow has risen back 6.5 percent from its lowest close of the year on June 7, but it's still down 6.7 percent from its 2010 high.
"I don't know that we're totally through the correction," said Stu Schweitzer, global markets strategist at JPMorgan's Private Bank in New York. "I do expect markets to remain quite volatile all through the rest of this year, but I still expect that we're going to end the year higher."
Minerals companies led other shares higher after gold settled at another record high. Barrick Gold Corp. jumped 3.5 percent, while Newmont Mining Corp. rose 2.6 percent.
Corporate news also brought out buyers. CVS Caremark Corp. rose 1.9 percent and Walgreen Co. rose 2.8 percent after the two companies settled a dispute over pharmacy prescriptions that had threatened to hurt profits. Dow component Caterpillar Inc. gained 1.4 percent after reporting sharply higher sales.
The Dow rose 16.47, or 0.2 percent, to close at 10,450.64. The broader Standard & Poor's 500 index rose 1.47, or 0.1 percent, to 1,117.51. The Nasdaq composite index edged up 2.64, or 0.1 percent, to 2,309.80.
All three indicators posted solid gains for the week. The Dow is up 2.3 percent, the S&P 500 2.4 percent and the Nasdaq 3 percent.
The Dow posted its second consecutive weekly gain of more than 2 percent. Before that, the Dow had been down for three weeks. The last time the Dow had a two-week stretch of gains that strong was in November 2009.
Advancing stocks narrowly outpaced those that fell on the New York Stock Exchange, where consolidated volume came to 4.9 billion shares, versus 4.6 billion the day before. Volume was heavier because of the simultaneous expiration of four kinds of futures and options contracts, which occurs once every quarter.
Trading was relatively quiet considering the options and futures expirations, which can often bring volatility as traders adjust their portfolios. The week that follows the June expiration is often a losing one for investors. The Dow has posted a loss during that week for the past 11 years, according to the Stock Trader's Almanac.
Bond prices slipped, pushing interest rates higher. The yield on the benchmark 10-year Treasury note rose to 3.23 percent from 3.20 percent late Thursday.
The dollar edged lower against the British pound and Japanese yen, while the euro edged down versus the dollar. The euro has regained strength over the past week amid encouraging signs in Europe's efforts to control its debt crisis. Spain had successful bond sales this week, and European leaders pledged to disclose the results of stress tests on banks.
Crude oil rose 39 cents to settle at $77.18 per barrel on the New York Mercantile Exchange.
Randy Frederick, director of trading and derivatives at Charles Schwab, said the market's bounce from its recent lows has come too quickly. He said professional traders are building up positions in investments that would cushion their losses if the market fell again.
"Not that we're going into this big ugly bear market but to go back down to the lows that we were at just a few weeks ago, I think, seems very possible based on what I see," Frederick said. "I see a reason to be a little cautious right now."
The coming week brings readings on home sales and consumer sentiment. The Federal Reserve also will meet on interest rates.
Gold settled up $1,258.30 an ounce, a gain of $9.60. Barrick Gold rose $1.56, or 3.5 percent, to $46.38, and Newmont Mining climbed $1.57, or 2.6 percent, to $61.25.
CVS rose 59 cents to $32.43, while Walgreen gained 82 cents to $30.09. Caterpillar gained 90 cents to close at $65.85.
The Russell 2000 index of smaller companies rose 1.07, or 0.2 percent, to 666.92.
Friday, June 18, 2010
TODAY STOCKS
Stock futures pointed to a modestly lower open Friday ahead of the expiration of options contracts.
The drop in stock futures came a day after the market erased its losses to end higher. The Dow Jones industrial average ended with a gain of 25 points and has risen five of the past six days.
With little economic and corporate news expected, trading could be choppy because of the occurrence of a quarterly "quadruple witching," which marks the simultaneous expiration of four kinds of options and futures contracts.
Europe drew attention after leaders said they would publish results of so-called bank stress tests, which are designed to evaluate the financial stability of banks. Investors have been concerned about European banks for months because of high debts in weak European Union countries like Greece.
The International Monetary Fund, the European Union and the European Central Bank said Greece was making the necessary cuts to reduce its deficit. The moves are required under an emergency loan package aimed at keeping the country from defaulting on its debt.
European stock markets were mixed.
Dow Jones industrial average futures fell 21, or 0.2 percent, to 10,355. Standard & Poor's 500 index futures fell 2.50, or 0.2 percent, to 1,109.20, while Nasdaq 100 index futures dropped 1.75, or 0.1 percent, to 1,907.75.
Bond prices rose, pushing down interest rates. The yield on the benchmark 10-year Treasury note fell to 3.19 percent from 3.20 percent late Thursday.
The dollar rose against other major currencies, while gold prices fell. The euro slipped to $1.2368.
Crude oil fell $1.13 to $75.66 per barrel in electronic trading on the New York Mercantile Exchange.
In afternoon trading, Britain's FTSE 100 fell 0.3 percent, Germany's DAX index fell 0.5 percent, and France's CAC-40 lost 0.5 percent. Earlier, Japan's Nikkei stock average slipped less than 0.1 percent.
The drop in stock futures came a day after the market erased its losses to end higher. The Dow Jones industrial average ended with a gain of 25 points and has risen five of the past six days.
With little economic and corporate news expected, trading could be choppy because of the occurrence of a quarterly "quadruple witching," which marks the simultaneous expiration of four kinds of options and futures contracts.
Europe drew attention after leaders said they would publish results of so-called bank stress tests, which are designed to evaluate the financial stability of banks. Investors have been concerned about European banks for months because of high debts in weak European Union countries like Greece.
The International Monetary Fund, the European Union and the European Central Bank said Greece was making the necessary cuts to reduce its deficit. The moves are required under an emergency loan package aimed at keeping the country from defaulting on its debt.
European stock markets were mixed.
Dow Jones industrial average futures fell 21, or 0.2 percent, to 10,355. Standard & Poor's 500 index futures fell 2.50, or 0.2 percent, to 1,109.20, while Nasdaq 100 index futures dropped 1.75, or 0.1 percent, to 1,907.75.
Bond prices rose, pushing down interest rates. The yield on the benchmark 10-year Treasury note fell to 3.19 percent from 3.20 percent late Thursday.
The dollar rose against other major currencies, while gold prices fell. The euro slipped to $1.2368.
Crude oil fell $1.13 to $75.66 per barrel in electronic trading on the New York Mercantile Exchange.
In afternoon trading, Britain's FTSE 100 fell 0.3 percent, Germany's DAX index fell 0.5 percent, and France's CAC-40 lost 0.5 percent. Earlier, Japan's Nikkei stock average slipped less than 0.1 percent.
DOUBLE DIP RECESSION
I hope you are aware of WHAT IS DOUBLE DIP RECESSION? . Double Dip recession is the recession happening two times with the small gap in between. Most of the analysts, predicts that there is possibility of the double dip recession in 2010 0r 2011. After the 2008 recession, there is no significant recovery in the developed countries like USA,UK, etc. The situation in the Europe is worst compare to other countries. You can read the problem happened in Greece.
The above factors may derail the economic recovery and dive into another Recession. There is severe blow on the stock market across the globe. Small Investor to stay away from the market to avoid any loss. There will be more downturn in the next couple of months.
It is very difficult to predict the exact impact of the Europe problem in world market. Reportedly China too in the housing market Bubble. All these factors will dampen the investors party.
HAPPY FRIDAY - 18.06.2010
TODAY HOT BUYING STOCKS
RIL
MTNL
ICICI BANK
NIFTY LEVEL 5280 - 5300 - 5330 RESISTANCE
SUPPORT 5250 - 5202 - 5180 - 5150
9.35 AM : OUR NIFTY AND GLOBAL DEFENDING WITH EUROPE MARKET
GREECE,HUNGERY,IRELAND AND SPAIN ALSO CRITICAL POSITION FINANCIALLY
EUROPE MARKET WILL DOWN ,GLOBALLY DOWN POSIBLE
ALREADY EURO WEAK
10:14 AM : Buy MTNL Target 65-66.50
10.20 AM : THIS RALLY IS NOT GOOD
CONTINUESELY NIFTY EIGHTH DAY UP
RIL
MTNL
ICICI BANK
NIFTY LEVEL 5280 - 5300 - 5330 RESISTANCE
SUPPORT 5250 - 5202 - 5180 - 5150
9.35 AM : OUR NIFTY AND GLOBAL DEFENDING WITH EUROPE MARKET
GREECE,HUNGERY,IRELAND AND SPAIN ALSO CRITICAL POSITION FINANCIALLY
EUROPE MARKET WILL DOWN ,GLOBALLY DOWN POSIBLE
ALREADY EURO WEAK
10:14 AM : Buy MTNL Target 65-66.50
10.20 AM : THIS RALLY IS NOT GOOD
CONTINUESELY NIFTY EIGHTH DAY UP
Thursday, June 17, 2010
HANGING ON FOR A DEAR LIFE
Futures for the S&P 500 are off of their highs, but they still point to a positive start for this session. Meanwhile, Europe's major bourses have given up a chunk of their recent gains. In turn, Germany's DAX now trades with a 0.3% gain. Consumer goods (+1.7%) are the best performers as Daimler (DAI) rebounds from a weak performance in the prior session. Volkswagen is also performing well. In France, the CAC is up 0.4%. Energy giant Total (TOT) is a primary source of strength there. BP Plc (BP) has spiked to help Britain's FTSE to a 0.6% gain. Oil and gas oil stocks are up 1.9%, collectively. In Asia, Japan's Nikkei fell to a 0.7% loss as its declining issues outnumbered advancers by 4-to-1. Kyocera (KYO) was among the heaviest drags on trade. In mainland China, the Shanghai Composite closed 0.4% lower as its declining issues outnumbered its advancers by 2-to-1. China Petroleum (SNP) pulled down action and offset strength among bank stocks like Industrial & Commercial Bank, Bank of China, China Merchants Bank, and China Citic Bank. However, Industrial & Commercial Bank was a laggard on Hong Kong's Hang Seng. Still, the Hang Seng was able to stage a 0.4% gain amid leadership from oil and gas giant CNOOC (CEO).
HAPPY THURSDAY - 17.06.2010
TODAY INTRADAY TIPS
M&M BUY AT 630 TARGET 640
L&T BUY AT 1722 TARGET 1742
ICICI BANK BUY AT 877 TARGET 884
9.06 AM : NIFTY OPEN WITH FLAT
TODAY NIFTY LEVEL 5230 - 5255
SUPPORT 5202 - 5180 - 5150 - 5130
9.12 AM : NIFTY UP TO AFTERNOON FLAT TRADING
9.13 AM : M&M TARGET ACHIEVED
ICICI AND L&T DONT BUY
MARKET WEAK
11.30 am : RELIANCE ONLY HOLD THE MARKET
11.33 AM : SBIN SUPPORT 2330 - 2314 - 2309
SESAGOA 348 - 345 - 338
11.49 am : I WAS GAVE ICICI MY TARGET 884 NOW ICICI 887
BOOK PROFIT
L&T ALSO ROCKING AND NEAR THE TARGET 1742
11.55 AM : L&T TARGET 1742 ACHIEVED
BOOK PROFIT
12.01 PM: MARKET TRY TO MOVE UP,BUT FINAL RESISTANCE NIFTY 5255
12.02 PM : L&T ROCKING 1748
Oil prices, meanwhile, fell below $77 a barrel as investor confidence wanes that a three-week rally will continue amid signs of weak U.S. crude demand. The dollar fell against the yen and gained versus the euro.
Japan's Nikkei 225 stock average slipped 64.75 points, or 0.6 percent, to 10,003.35 as investors moved to lock in gains from Wednesday's 1.8 percent jump, when the index finished above the key 10,000 level for the first time in almost a month.
12.25 PM : MARKET WAIT FOR EUROPE FALL
12.44 pm : EUROPE OPEN WITH RED
12.45 PM: TRADERS ALERT EXIT FROM ALL LONG
12.47 PM : NIFTY HURDLE 5202 - 5180 - 5150 - 5130
12.49 PM : TRADERS LOOK ICICI BANK AND SBIN DOWN
12.52 PM : TRADERS ALERT ALERT
12.57PM : TRADERS TRADE CAREFULLY,MAINTAIN STOPLOSS
ANY BAD NEWS,OUR MARKET ALSO DOWN
Congressional Democrats started the year with an aggressive agenda of passing a series of bills designed to create jobs. Many of the proposals stalled as lawmakers, after hearing from angry voters, became wary of adding to the national debt.
On Wednesday, the Senate rejected a $140 billion bill that would renew pieces of last year's economic stimulus bill.
Governors complain that without additional aid, hundreds of thousands of public employees will be laid off.
1.06 PM: L&T ROCKING
2.22 PM: NIFTY 5270 RESISTANCE
2.48 PM : LAST WEEK I GAVE DELIVERY CALL TATA MOTORS 800+
TARGET ACHIEVED, BOOK PROFIT
2.53 PM : NIFTY NEAR THE 5290 HIGH
EUROPE WILL BOOT OUR MARKET THIS LEVEL
3.03 PM : NIFTY IN HIGHER LEVEL
BUT SBIN AND SESAGOA BOTH ARE IN DOWN TREND
M&M BUY AT 630 TARGET 640
L&T BUY AT 1722 TARGET 1742
ICICI BANK BUY AT 877 TARGET 884
9.06 AM : NIFTY OPEN WITH FLAT
TODAY NIFTY LEVEL 5230 - 5255
SUPPORT 5202 - 5180 - 5150 - 5130
9.12 AM : NIFTY UP TO AFTERNOON FLAT TRADING
9.13 AM : M&M TARGET ACHIEVED
ICICI AND L&T DONT BUY
MARKET WEAK
11.30 am : RELIANCE ONLY HOLD THE MARKET
11.33 AM : SBIN SUPPORT 2330 - 2314 - 2309
SESAGOA 348 - 345 - 338
11.49 am : I WAS GAVE ICICI MY TARGET 884 NOW ICICI 887
BOOK PROFIT
L&T ALSO ROCKING AND NEAR THE TARGET 1742
11.55 AM : L&T TARGET 1742 ACHIEVED
BOOK PROFIT
12.01 PM: MARKET TRY TO MOVE UP,BUT FINAL RESISTANCE NIFTY 5255
12.02 PM : L&T ROCKING 1748
12.14 PM:Troubled banking system, Spain loom over EU summit
Looming bank losses and Spain's troubled government finances are what European Union leaders don't formally plan to talk about when they sit down for talks on Thursday about how to fix their battered economies and set tighter budget rules.The potential for banks' losses on European loans -- particularly from Spain's collapsed housing boom -- have spooked financial markets this week, sending the Spanish government's borrowing costs to a record-high amid rumors that it might have to ask for outside financial help.12.17 PM:Toyota is latest car maker hit by strike in China
12.20 PM:Asian stocks mixed after flat Wall Street finish
Asian stocks were mixed Thursday amid mild profit-taking in Tokyo and a muted finish on Wall Street as investors absorbed bad news about Europe's debt problems and the U.S. economy.
Stock markets across the region hovered in a narrow range as investors found little reason to drive the market in a definitive direction. Worries about Spain's debt problems and weaker-than-expected U.S. housing data weighed on sentiment, while Chinese shares advanced after a three-day holiday.Oil prices, meanwhile, fell below $77 a barrel as investor confidence wanes that a three-week rally will continue amid signs of weak U.S. crude demand. The dollar fell against the yen and gained versus the euro.
Japan's Nikkei 225 stock average slipped 64.75 points, or 0.6 percent, to 10,003.35 as investors moved to lock in gains from Wednesday's 1.8 percent jump, when the index finished above the key 10,000 level for the first time in almost a month.
12.25 PM : MARKET WAIT FOR EUROPE FALL
12.44 pm : EUROPE OPEN WITH RED
12.45 PM: TRADERS ALERT EXIT FROM ALL LONG
12.47 PM : NIFTY HURDLE 5202 - 5180 - 5150 - 5130
12.49 PM : TRADERS LOOK ICICI BANK AND SBIN DOWN
12.52 PM : TRADERS ALERT ALERT
12.57PM : TRADERS TRADE CAREFULLY,MAINTAIN STOPLOSS
ANY BAD NEWS,OUR MARKET ALSO DOWN
1.02 PM:Lending by small banks is focus of bill in House
House Democrats are looking to increase lending by small banks as a way to resuscitate their election-year jobs agenda.A bill creating a $30 billion fund for community banks to increase lending to small businesses is up for a possible vote in the House on Thursday.Congressional Democrats started the year with an aggressive agenda of passing a series of bills designed to create jobs. Many of the proposals stalled as lawmakers, after hearing from angry voters, became wary of adding to the national debt.
On Wednesday, the Senate rejected a $140 billion bill that would renew pieces of last year's economic stimulus bill.
Governors complain that without additional aid, hundreds of thousands of public employees will be laid off.
1.06 PM: L&T ROCKING
2.22 PM: NIFTY 5270 RESISTANCE
2.48 PM : LAST WEEK I GAVE DELIVERY CALL TATA MOTORS 800+
TARGET ACHIEVED, BOOK PROFIT
2.53 PM : NIFTY NEAR THE 5290 HIGH
EUROPE WILL BOOT OUR MARKET THIS LEVEL
3.03 PM : NIFTY IN HIGHER LEVEL
BUT SBIN AND SESAGOA BOTH ARE IN DOWN TREND
Wednesday, June 16, 2010
Wall Street falls on data, FedEx, Spain fears
Stocks slipped at the open on Wednesday as FedEx (NYSE:FDX - News) warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain's fiscal problems.
* The Dow Jones industrial average (DJI:^DJI - News) fell 63.63 points, or 0.61 percent, to 10,341.14. The Standard & Poor's 500 Index (^SPX - News) lost 7.14 points, or 0.64 percent, to 1,108.09. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was off 13.88 points, or 0.60 percent, to 2,292.00.
-- FedEx on Wednesday offered a conservative outlook for its new fiscal year even as strong exports from Asia led to healthy fourth-quarter results.
The forecast for earnings of $4.40 to $5 per share, falls short of analysts' predictions of $5.05 per share. But it's the first time the company has issued a full-year forecast since before the recession, indicating growing confidence in the long-term recovery in global trade.
The outlook also reflects expected higher costs as shipping volume picks up.
In a conference call with analysts, CEO Fred Smith said international growth is especially strong in India, China and Brazil. Smith said the company sees growth in those three fast-paced economies picking up steam over the next year -- a trend he believes has been understated recently in economic forecasts.
"In my mind that very large trend of the emergence of these middle classes in India and China and Brazil that are now integrated into global trade is something that's pretty profound," he said. "People have an undue sense of pessimism relative to what's actually happening out there in my opinion."
The Memphis, Tenn., company expects to earn 85 cents to $1.05 per share for the quarter ending in August. Analysts expect $1.03 per share.
Shares fell 2.7 percent in morning trading, down $2.23 to $80.78. The company has in recent quarters issued modest forecasts for future results.
In the quarter ended in May, FedEx earned $419 million, or $1.33 per share. It lost $876 million, or $2.82 per share a year earlier. Excluding a writedown on the value of assets and aircraft, earnings were 64 cents per share a year ago.
Revenue climbed 20 percent to $9.43 billion.
FedEx said international express shipments jumped and its Ground division improved. But its freight unit lost money and employee costs rose as it reinstated some compensation programs.
* The Dow Jones industrial average (DJI:^DJI - News) fell 63.63 points, or 0.61 percent, to 10,341.14. The Standard & Poor's 500 Index (^SPX - News) lost 7.14 points, or 0.64 percent, to 1,108.09. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was off 13.88 points, or 0.60 percent, to 2,292.00.
-- FedEx on Wednesday offered a conservative outlook for its new fiscal year even as strong exports from Asia led to healthy fourth-quarter results.
The forecast for earnings of $4.40 to $5 per share, falls short of analysts' predictions of $5.05 per share. But it's the first time the company has issued a full-year forecast since before the recession, indicating growing confidence in the long-term recovery in global trade.
The outlook also reflects expected higher costs as shipping volume picks up.
In a conference call with analysts, CEO Fred Smith said international growth is especially strong in India, China and Brazil. Smith said the company sees growth in those three fast-paced economies picking up steam over the next year -- a trend he believes has been understated recently in economic forecasts.
"In my mind that very large trend of the emergence of these middle classes in India and China and Brazil that are now integrated into global trade is something that's pretty profound," he said. "People have an undue sense of pessimism relative to what's actually happening out there in my opinion."
The Memphis, Tenn., company expects to earn 85 cents to $1.05 per share for the quarter ending in August. Analysts expect $1.03 per share.
Shares fell 2.7 percent in morning trading, down $2.23 to $80.78. The company has in recent quarters issued modest forecasts for future results.
In the quarter ended in May, FedEx earned $419 million, or $1.33 per share. It lost $876 million, or $2.82 per share a year earlier. Excluding a writedown on the value of assets and aircraft, earnings were 64 cents per share a year ago.
Revenue climbed 20 percent to $9.43 billion.
FedEx said international express shipments jumped and its Ground division improved. But its freight unit lost money and employee costs rose as it reinstated some compensation programs.
HAPPPY WEDNESDAY - 16.06.2010
TODAY INTRADAY HOT BUYING STOCKS
ICICI BANK
HDFC BANK
TCS
TATA MOTORS
ONGC
RISKY TRADERS ONLY HOLD YOUR PUT AND SHORT
OTHER TRADERS EXIT FROM PUT AND SHORT
nifty HURDLE 5230 - 5250 - 5280 ( STRONG RESISTANCE)
NIFTY SUPPORT 5150 THIS LEVEL BROKEN GOOD FOR BEAR
9.10 AM : LAST TWO DAYS LOT OF PUT AND SHORTERS EXIT FROM THIS
9.11 AM : TATA MOTORS ZOOOM
9.12 AM : SESAGOA AND SBIN STRUGGLE
9.13 AM : TATA MOTORS TODAY 800+ POSSIBLE
9.20 AM: TODAY NIFTY IMPORTANT LEVEL 5255
9.24 AM : elliot wave analyst "MAJOR BEAR MARKET BOTTOM WILL BE BETWEEN MAY-JUN 2016,TARGET FOR NIFTY AT THAT TIME WILL BE 1295,POSSIBLE OUTLOOK FOR 2010-FROM LOW OF 4786 NIFTY WILL RALLY TO 5255 (GET OUT OF ALL YOUR LONGS)FROM 5255 WE WILL SEE WORST BEAR MARKET SLIDE TO 4262,THEN A RALLY TO 4642,THEN A SLIDE TO 4027 WHERE A INTERMEDIATE BOTTOM WILL BE FORMED (REMEMBER ME WHEN ALL LEVELS UNFOLD) "
.................. this given on 30.5.2010
9.32 AM : ALERT MARKET COME DOWN, EXIT FROM LONG AND BUYING
11.48 am : TODAY UP TO AFTERNOON FLAT TRADING
TRADE SWING TRADING
3.08 PM: MARKET TRADE WITH FLAT
OUR MARKET WAITING FOR EUROPE FALLING
3.30 PM : WHOLE DAY MARKET TRADE WITH FLAT
BUT OUR RECOMMEDATION TATAMOTORS,HDFC,ICICI,TCS ALL ARE ROCKING
3.31PM : OK BYE
WE WILL MEET TOMMOROW AT 8.45 AM
ICICI BANK
HDFC BANK
TCS
TATA MOTORS
ONGC
RISKY TRADERS ONLY HOLD YOUR PUT AND SHORT
OTHER TRADERS EXIT FROM PUT AND SHORT
nifty HURDLE 5230 - 5250 - 5280 ( STRONG RESISTANCE)
NIFTY SUPPORT 5150 THIS LEVEL BROKEN GOOD FOR BEAR
9.10 AM : LAST TWO DAYS LOT OF PUT AND SHORTERS EXIT FROM THIS
9.11 AM : TATA MOTORS ZOOOM
9.12 AM : SESAGOA AND SBIN STRUGGLE
9.13 AM : TATA MOTORS TODAY 800+ POSSIBLE
9.20 AM: TODAY NIFTY IMPORTANT LEVEL 5255
9.24 AM : elliot wave analyst "MAJOR BEAR MARKET BOTTOM WILL BE BETWEEN MAY-JUN 2016,TARGET FOR NIFTY AT THAT TIME WILL BE 1295,POSSIBLE OUTLOOK FOR 2010-FROM LOW OF 4786 NIFTY WILL RALLY TO 5255 (GET OUT OF ALL YOUR LONGS)FROM 5255 WE WILL SEE WORST BEAR MARKET SLIDE TO 4262,THEN A RALLY TO 4642,THEN A SLIDE TO 4027 WHERE A INTERMEDIATE BOTTOM WILL BE FORMED (REMEMBER ME WHEN ALL LEVELS UNFOLD) "
.................. this given on 30.5.2010
9.32 AM : ALERT MARKET COME DOWN, EXIT FROM LONG AND BUYING
11.48 am : TODAY UP TO AFTERNOON FLAT TRADING
TRADE SWING TRADING
3.08 PM: MARKET TRADE WITH FLAT
OUR MARKET WAITING FOR EUROPE FALLING
3.30 PM : WHOLE DAY MARKET TRADE WITH FLAT
BUT OUR RECOMMEDATION TATAMOTORS,HDFC,ICICI,TCS ALL ARE ROCKING
3.31PM : OK BYE
WE WILL MEET TOMMOROW AT 8.45 AM
Tuesday, June 15, 2010
HAPPY TUESDAY - 15.06.2010
TODAY HOT BUYING STOCKS
M&M
NIFTY 5230 - RESISTANCE
5180 - 5150 - 5130 SUPPORT
NIFTY CONSTRUCT BY SOME MAGICAL BRICKS
IT WILL BREAK ANY TIME, SOME NEGATIVE NEWS
9.22 AM : TODAY AFTERNOON WILL EXPECT SOME PROFIT BOOKING
11.35 am : PROFIT BOOKING
11.38 AM : NIFTY BELOW 5150,GOOD FOR BEAR
11.41 AM : SBIN BELOW 2327 , GOOD FOR BEAR
11.42 AM :SESAGOA BELOW 350 , GOOD FOR BEAR
12:19 PM : Both SBIN and SESAGOA below key resistance
12:35 PM: Both CAC and BEL 0.66% down.
1.55 pm : OUR MARKET TRADING WITH LIKE EUROPE MARKET
2.01 PM : RNRL 11% UP RS.68
ANIL AMBANI GROUP CO. TAKE THE MARKET UP YESTERDAY AND TODAY ALSO
3.26 pm : global market cues and our ambani's group lead our market to high, but it is not constant
bye , bye
Monday, June 14, 2010
HAPPY MONDAY - 14.06.2010
8.50 AM : TODAY HOT BUYING STOCKS
BHARTI AIRTEL BUY AT 274 TARGET 280
RIL BUY AT 1046 TARGET 1055
L&T BUY AT 1677 TARGET 1686 - B1690
TODAY NIFTY GAP UP OPEN
NIFTY HURDLE - 5130 - 5144 - 5180
SUPPORT 5102 - 5080 - 5050 - 5030
AFTERNOON NIFTY WILL DOWN
9.02 AM : SESA GOA AND SBIN COME DOWN, DONT WORRY
TODAY SOME CORRECTION POSSIBLE
9.07 AM : EXIT FROM BHARTI AIRTEL
TRADERS ALERT SOME DOWN POSSIBLE
9.54 AM : UP TO AFTERNOON FLAT TRADING ONLY
NIFTY STRONG RESISTANCE 5180
10.21 am : L&T 1690 TARGET ACHIEVED
RIL 1055 TARGET ACHIEVED
10.23 AM : SESA GOA NEXT SUPPORT 350 - 346
SBIN BELOW 2339 GOOD FOR BEAR
10.27 AM : SESAGOA NEW LOW
10.35 AM : NIFTY BELOW 5150 LEVEL GOOD FOR BEAR
10.39 AM : NIFTY TRADE UP WITH OUT VOLUME
10.47 AM : NIFTY 5158 - 5138
11.34 am : TODAY IT STOCKS HIT THE ROOF
11.41 AM : SBIN DOWN SHORTERS ALERT AND WATCH CAREFULLY
12.11 PM : SBIN DOWN DOWN, NEW LOW
12.40 PM: MARKET WAIT FOR EUROPE UPDATE
12.48 PM : NIFTY DOWN DOWN
12.51 PM : EUROPE OPEN WITH GREEN
01:18 PM : NIFTY STARTED DOWN
01.25 PM: SBIN SHORTERS KEEP WATCH SBIN
01.42 PM : NIFTY HURDLE 5150 LEVEL
2.20 PM :Key European indices are up ahead of the Eurozone Industrial Production data for April due today at 2:30 pm (Indian Time).
2.21 PM : LAST WEEK I WAS GAVE DELIVERY CALL RNRL TARGET 60 - 65
NOW 57,RNRL 9% UP TODAY
2.23 PM : NIFTY BLAST 5180
2.25 PM : HOLD SESAGOA 340 PUT
2.31 PM : RISKY TRADERS AVERAGE 5100 PUT AT RS.38
2.43 PM : NIFTY 5195 - 5202 HURDLE
2.45 PM : RISKY TRADERS AVERAGE 5100 PUT AT RS.38
3.06 PM RNRL 17% UP 61
3.08 PM : SBIN AND SESAGOA BOTH ARE WEAK
3.15 PM : Asian stocks rose for a third straight session Monday as improved U.S. consumer confidence, a weaker Japanese yen and easing worries over Europe's debt crisis buoyed investor sentiment.Shares were also headed higher in Europe and indications were for further gains on Wall Street. The FTSE 100 index of leading British shares was up 19.93 points or 0.3 percent to 5,183.07. Germany's DAX rose 0.9 percent to 6,100.54, and France's CAC-40 was up 0.9 percent to 3,588.52. Dow Jones industrial average futures were up 62 points to 10,259. Standard & Poor's 500 index futures rose 5.4 points to 1,089.20.
Oil rose above $75 a barrel, reflecting the upbeat market mood. The dollar strengthened against the yen, while the euro was up against the dollar, regaining some of the ground lost over the past week. The single currency hit a four-year low early last week amid fears the sovereign debt crisis in Europe could slow the global recovery.
Japan's benchmark Nikkei 225 stock average gained 174.60 points, or 1.8 percent, to close at 9,879.85. Investors chased gains in Japanese exporters on an easing yen as a weaker currency lifts the value of their repatriated profits and can make their goods more price competitive .
South Korea's Kospi index added 0.9 percent to 1,690.60. Australia's stock market was closed Monday for a public holiday.
Hong Kong's Hang Seng edged up 0.9 percent to 20,051.91. Shanghai's stock market was also closed Monday, while shares in Taiwan rose 1.2 percent.
Investors took heart from a private report Friday that showed U.S. consumer confidence in June climbed to its strongest level since January 2008. The Reuters/University of Michigan consumer sentiment index showed that confidence grew to 75.5 -- coming in well ahead of forecasts.
That boosted confidence -- as did robust Chinese exports and actions by Spain to cope with a heavy deficit, said Francis Lun, general manager at Fulbright Securities.
A delegation from the International Monetary Fund and the European Union was in Athens on Monday to review Greece's efforts to pull out of its debt crisis. The country is under strict supervision as part of the terms of a euro110 billion ($130 billion) package of rescue loans from the IMF and other EU countries using the euro.
"Europe is getting its house in order," Lun said. "We haven't seen a further deterioration there."
Recent gyrations in world markets have been largely due to the debt crisis in Europe, said Tey Tze Ming, market strategist for Saxo Capital Markets in Singapore.
"I think it will blow past. At the end of they day, U.S. growth is back on track. Asia is growing well; most Southeast Asian countries beat their growth estimates," he said.
In New York on Friday, the Dow Jones industrial average rose 38.54 points, or 0.4 percent, to 10,211.07.
In currencies, the dollar rose to 91.87 yen in Tokyo on Monday from 91.77 yen in New York late Friday. The euro climbed to $1.2176 from $1.2125.
Benchmark crude for July delivery was up $1.33 to $75.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $1.70 to settle at $73.78 on Friday.
3.32 PM : OK BYE
SHORTERS DONT AFRAID, NIFTY WILL COME DOWN
BHARTI AIRTEL BUY AT 274 TARGET 280
RIL BUY AT 1046 TARGET 1055
L&T BUY AT 1677 TARGET 1686 - B1690
TODAY NIFTY GAP UP OPEN
NIFTY HURDLE - 5130 - 5144 - 5180
SUPPORT 5102 - 5080 - 5050 - 5030
AFTERNOON NIFTY WILL DOWN
9.02 AM : SESA GOA AND SBIN COME DOWN, DONT WORRY
TODAY SOME CORRECTION POSSIBLE
9.07 AM : EXIT FROM BHARTI AIRTEL
TRADERS ALERT SOME DOWN POSSIBLE
9.54 AM : UP TO AFTERNOON FLAT TRADING ONLY
NIFTY STRONG RESISTANCE 5180
10.21 am : L&T 1690 TARGET ACHIEVED
RIL 1055 TARGET ACHIEVED
10.23 AM : SESA GOA NEXT SUPPORT 350 - 346
SBIN BELOW 2339 GOOD FOR BEAR
10.27 AM : SESAGOA NEW LOW
10.35 AM : NIFTY BELOW 5150 LEVEL GOOD FOR BEAR
10.39 AM : NIFTY TRADE UP WITH OUT VOLUME
10.47 AM : NIFTY 5158 - 5138
11.34 am : TODAY IT STOCKS HIT THE ROOF
11.41 AM : SBIN DOWN SHORTERS ALERT AND WATCH CAREFULLY
12.11 PM : SBIN DOWN DOWN, NEW LOW
12.40 PM: MARKET WAIT FOR EUROPE UPDATE
12.48 PM : NIFTY DOWN DOWN
12.51 PM : EUROPE OPEN WITH GREEN
01:18 PM : NIFTY STARTED DOWN
01.25 PM: SBIN SHORTERS KEEP WATCH SBIN
01.42 PM : NIFTY HURDLE 5150 LEVEL
2.20 PM :Key European indices are up ahead of the Eurozone Industrial Production data for April due today at 2:30 pm (Indian Time).
2.21 PM : LAST WEEK I WAS GAVE DELIVERY CALL RNRL TARGET 60 - 65
NOW 57,RNRL 9% UP TODAY
2.23 PM : NIFTY BLAST 5180
2.25 PM : HOLD SESAGOA 340 PUT
2.31 PM : RISKY TRADERS AVERAGE 5100 PUT AT RS.38
2.43 PM : NIFTY 5195 - 5202 HURDLE
2.45 PM : RISKY TRADERS AVERAGE 5100 PUT AT RS.38
3.06 PM RNRL 17% UP 61
3.08 PM : SBIN AND SESAGOA BOTH ARE WEAK
3.15 PM : Asian stocks rose for a third straight session Monday as improved U.S. consumer confidence, a weaker Japanese yen and easing worries over Europe's debt crisis buoyed investor sentiment.Shares were also headed higher in Europe and indications were for further gains on Wall Street. The FTSE 100 index of leading British shares was up 19.93 points or 0.3 percent to 5,183.07. Germany's DAX rose 0.9 percent to 6,100.54, and France's CAC-40 was up 0.9 percent to 3,588.52. Dow Jones industrial average futures were up 62 points to 10,259. Standard & Poor's 500 index futures rose 5.4 points to 1,089.20.
Oil rose above $75 a barrel, reflecting the upbeat market mood. The dollar strengthened against the yen, while the euro was up against the dollar, regaining some of the ground lost over the past week. The single currency hit a four-year low early last week amid fears the sovereign debt crisis in Europe could slow the global recovery.
Japan's benchmark Nikkei 225 stock average gained 174.60 points, or 1.8 percent, to close at 9,879.85. Investors chased gains in Japanese exporters on an easing yen as a weaker currency lifts the value of their repatriated profits and can make their goods more price competitive .
South Korea's Kospi index added 0.9 percent to 1,690.60. Australia's stock market was closed Monday for a public holiday.
Hong Kong's Hang Seng edged up 0.9 percent to 20,051.91. Shanghai's stock market was also closed Monday, while shares in Taiwan rose 1.2 percent.
Investors took heart from a private report Friday that showed U.S. consumer confidence in June climbed to its strongest level since January 2008. The Reuters/University of Michigan consumer sentiment index showed that confidence grew to 75.5 -- coming in well ahead of forecasts.
That boosted confidence -- as did robust Chinese exports and actions by Spain to cope with a heavy deficit, said Francis Lun, general manager at Fulbright Securities.
A delegation from the International Monetary Fund and the European Union was in Athens on Monday to review Greece's efforts to pull out of its debt crisis. The country is under strict supervision as part of the terms of a euro110 billion ($130 billion) package of rescue loans from the IMF and other EU countries using the euro.
"Europe is getting its house in order," Lun said. "We haven't seen a further deterioration there."
Recent gyrations in world markets have been largely due to the debt crisis in Europe, said Tey Tze Ming, market strategist for Saxo Capital Markets in Singapore.
"I think it will blow past. At the end of they day, U.S. growth is back on track. Asia is growing well; most Southeast Asian countries beat their growth estimates," he said.
In New York on Friday, the Dow Jones industrial average rose 38.54 points, or 0.4 percent, to 10,211.07.
In currencies, the dollar rose to 91.87 yen in Tokyo on Monday from 91.77 yen in New York late Friday. The euro climbed to $1.2176 from $1.2125.
Benchmark crude for July delivery was up $1.33 to $75.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $1.70 to settle at $73.78 on Friday.
3.32 PM : OK BYE
SHORTERS DONT AFRAID, NIFTY WILL COME DOWN
Saturday, June 12, 2010
GREECE,SPAIN,HUNGERY AND NOW JAPAN ON "Q"
Japan is at "risk of collapse" under its huge debt mountain, the country's new prime minister has said.
Naoto Kan, in his first major speech since taking over, said Japan needed a financial restructuring to avert a Greece-style crisis. "Our country's outstanding public debt is huge... our public finances have become the worst of any developed country," he said.
After years of borrowing, Japan's debt is twice its gross domestic product.
Pessimists have long warned that rising debt and a falling population mean Japan is headed for a point of no return.
For 20 years the government has been borrowing to spend, hoping to revive the stagnant economy, amassing the biggest debt-to-GDP ratio in the industrialised world.
The Japanese themselves have been buying those bonds at low interest rates. But as Japan ages, the thinking goes, households will save less.
The Government will have to look abroad to borrow, and the higher interest rates demanded could tip the world's second biggest economy into the abyss.
Now the new Prime Minister Naoto Kan has stepped into the debate in his first policy speech to the Diet, warning Japan could face similar debt problems to Europe.
But not everyone is convinced Japan, with its huge trade surplus, is doomed.
And Mr Kan may simply be easing the way towards raising consumption tax and reneging on spending pledges made during last year's election.
"It is difficult to continue our fiscal policies by heavily relying on the issuance of government bonds," said Mr Kan, Japan's former finance minister. For 20 years the government has been borrowing to spend, hoping to revive the stagnant economy, amassing the biggest debt-to-GDP ratio in the industrialised world.
The Japanese themselves have been buying those bonds at low interest rates. But as Japan ages, the thinking goes, households will save less.
The Government will have to look abroad to borrow, and the higher interest rates demanded could tip the world's second biggest economy into the abyss.
Now the new Prime Minister Naoto Kan has stepped into the debate in his first policy speech to the Diet, warning Japan could face similar debt problems to Europe.
But not everyone is convinced Japan, with its huge trade surplus, is doomed.
And Mr Kan may simply be easing the way towards raising consumption tax and reneging on spending pledges made during last year's election.
"Like the confusion in the eurozone triggered by Greece, there is a risk of collapse if we leave the increase of the public debt untouched and then lose the trust of the bond markets," he said.
No Greece Despite the prime minister's hair-raising words, markets did not bat an eyelid, with the Japanese yen, the Nikkei stock market index and Japanese government bonds unmoved.
"Fiscal austerity measures are long overdue," said Chris Scicluna, deputy head of economics at Daiwa Capital Markets in London.
He forecasts that the government's budget deficit will be 8% of GDP this year, a number that Mr Kan has promised to reduce to zero by the end of the decade.
However, Mr Scicluna said the government does not face any immediate fiscal crisis, unlike some European countries, and probably will not start tackling its budget deficit for at least another year or two.
Unlike Greece or Spain, Japan is a net lender to the rest of the world, to the tune of 2.5% of its GDP last year.
Cheap borrowing The Japanese government is effectively the only borrower in Japan, and raises all of the money it needs from the savings of its own citizens.
JAPAN IN FIGURES
- Government debt: 200% of GDP
- Government deficit: 8% of GDP
- External surplus: 2.5-3.5% of GDP
- GDP growth: 3%
- Inflation: -1.5%
- 30-year bond yield: 2%
- Some 95% of the government's debts are held by Japanese investors, and the government can currently borrow for 30 years at a mere 2% interest rate.
As more and more Japanese citizens retire in the next few years, they are likely to start selling their government bonds to pay for their retirements.
This means that Japan will need to start borrowing from the rest of the world, and the government may have a hard time convincing foreign lenders to let it borrow at such a low interest rate.
Tax reform Mr Kan did not detail the fiscal changes he may impose to revive Japan's economy after years to stagnation.
But in the past Mr Kan has advocated increasing Japan's sales tax, a move that would be unpopular.
He said: "It is unavoidable to launch a full reform of the tax system. If we maintain the current level of issuance of new bonds, outstanding debt will surpass 200% of GDP in a few years.
"It's been 20 years since the collapse of the bubble economy in the early 1990s. Because the Japanese economy had been in the doldrums, people have lost the trust they had and fear the uncertainty of the future," he said.
Who will spend? The Japanese austerity plans may not be welcome elsewhere in the world.
Over the weekend, US Treasury Secretary Timothy Geithner called on surplus countries - like Japan, Germany and China - to do more to increase spending.
Yet Germany has announced plans to cut its budget deficit by 3% of GDP over the next four years, while China's trade surplus has grown even further, according to data for May.
With Japan also now looking to wield the fiscal axe, some may wonder who is actually going to spend money in the world economy.
Wall Street ended up for the week and major indices aren't down the requisite 20%. But the bear's roar can be heard.
"WATCH MONDAY MARKET SOME CORRECTION POSSIBLE"
Friday, June 11, 2010
HAPPY FRIDAY - 11.06.2010
TODAY HOT BUYING STOCKS
HDFC BANK
ICICI BANK
BANK OF BARODA
RIL
HINDALCO
8.47 AM : TODAY NIFTY WILL GAP UP OPEN 50 TO 60 POINTS
NIFTY 5100 CALL BUYERS ENJOY
TODAY TIPS
RIL BUY AT 1017 TARGET 1030 - 1035
HDFC BANK BUY AT 1917 TARGET 1930 - 1935
ICICI BANK BUY AT 832 TARGET 840 - 845
NIFTY TODAY LEVEL 5130 - 5150 -5185 - 5205
NIFTY SUPPORT 5050
NIFTY WILL ZOOM TO KISS TODAY 5180 MUST
8.58 AM :TRADERS ENJOY TODAY BANKING SECTOR WILL ZOOOOOOOOM
9.15 AM : NIFTY 5100 CALL TARGET 92 ACHIEVED
9.17 AM : HDFC BANK ROCKING
9.19 AM : NIFTY HURDLE 5130 LEVEL , IT WILL BROKEN NIFTY ZOOM
9.22 AM : TRADERS TRADE SAFELY
TRADE WITH STRICT STOPLOSS
NIFTY ZOOM WITH OUT VOLUME, SOME NEGATIVE INDICATION
SO TRADERS ALERT KEEP EYE ON NIFTY
10:30 AM: Nifty Volumes not encouraging
10:33 AM: Targets achieved in RIL, ICICI & HDFC. Enjoy
11.19 AM : Nifty will try to 5150(it is possible)
11:34 AM : 5100 Call Fired will break 100
12:08 PM : See our 10:30 AM Message. Nifty volumes not encouraging
12:40 PM : Buy SESA GOA 340 PUT at Rs. 12 to 12.50 Target 16-18
1:08 PM : Europe Markets dragging down NIFTY
1:09 PM : Nifty 5100. Short SBI.
Alert: Europe in RED
Long holders careful
1:53 PM : Buy Nifty 5100 PUT @ 75 Target 92
3.20 pm : HOLD NIFTY PUT AND SESA GOA PUT
MONDAY IT WILL COME
3.25 PM : SESAGOA HIT DAY LOW
3.27 PM : HAPPY WEEK END
MEET YOU ALL MONDAY MORNING AT 8.45 AM
BYE BYE
HDFC BANK
ICICI BANK
BANK OF BARODA
RIL
HINDALCO
8.47 AM : TODAY NIFTY WILL GAP UP OPEN 50 TO 60 POINTS
NIFTY 5100 CALL BUYERS ENJOY
TODAY TIPS
RIL BUY AT 1017 TARGET 1030 - 1035
HDFC BANK BUY AT 1917 TARGET 1930 - 1935
ICICI BANK BUY AT 832 TARGET 840 - 845
NIFTY TODAY LEVEL 5130 - 5150 -5185 - 5205
NIFTY SUPPORT 5050
NIFTY WILL ZOOM TO KISS TODAY 5180 MUST
8.58 AM :TRADERS ENJOY TODAY BANKING SECTOR WILL ZOOOOOOOOM
9.15 AM : NIFTY 5100 CALL TARGET 92 ACHIEVED
9.17 AM : HDFC BANK ROCKING
9.19 AM : NIFTY HURDLE 5130 LEVEL , IT WILL BROKEN NIFTY ZOOM
9.22 AM : TRADERS TRADE SAFELY
TRADE WITH STRICT STOPLOSS
NIFTY ZOOM WITH OUT VOLUME, SOME NEGATIVE INDICATION
SO TRADERS ALERT KEEP EYE ON NIFTY
10:30 AM: Nifty Volumes not encouraging
10:33 AM: Targets achieved in RIL, ICICI & HDFC. Enjoy
11.19 AM : Nifty will try to 5150(it is possible)
11:34 AM : 5100 Call Fired will break 100
12:08 PM : See our 10:30 AM Message. Nifty volumes not encouraging
12:40 PM : Buy SESA GOA 340 PUT at Rs. 12 to 12.50 Target 16-18
1:08 PM : Europe Markets dragging down NIFTY
1:09 PM : Nifty 5100. Short SBI.
Alert: Europe in RED
Long holders careful
1:53 PM : Buy Nifty 5100 PUT @ 75 Target 92
3.20 pm : HOLD NIFTY PUT AND SESA GOA PUT
MONDAY IT WILL COME
3.25 PM : SESAGOA HIT DAY LOW
3.27 PM : HAPPY WEEK END
MEET YOU ALL MONDAY MORNING AT 8.45 AM
BYE BYE
Thursday, June 10, 2010
HAPPY THURSDAY - 10.06.2010
TODAY HOT BUYING STOCKS
ONGC
BHARTI AIRTEL
ITC
RIL
HDFC BANK
IVRCL
9.20 AM :NIFTY HURDLE 5030 - 5050 - 5080 - 5102
TODAY NIFTY WILL ZOOM UP TO 5102
9.20 AM : BHARTI AIRTEL TARGET 278 IVRCL TARGET 182
9:46 AM: NIFTY Moving upwards as per our prediction.
9:53 AM: Next hurdle for Nifty is 5050
12.53 pm : bharti airtel TARGET ACHIEVED
12.55 PM : EUROPE OPEN WITH WEAK
1.13 PM : NIFTY ABOVE 5044 WILL KISS TO 5080
1:16 PM : Nifty Futures again overtaking Nifty favoring BULLS
2:05 PM: Wow NF @ 5050
3:40 PM: Finally Nifty at 5080. Still our 5100 Call Target of Rs 92. is pending and closed at Rs. 84.5
That's all today. Bye. Meet you all tomorrow 8:45 AM
ONGC
BHARTI AIRTEL
ITC
RIL
HDFC BANK
IVRCL
9.20 AM :NIFTY HURDLE 5030 - 5050 - 5080 - 5102
TODAY NIFTY WILL ZOOM UP TO 5102
9.20 AM : BHARTI AIRTEL TARGET 278 IVRCL TARGET 182
9:46 AM: NIFTY Moving upwards as per our prediction.
9:53 AM: Next hurdle for Nifty is 5050
12.53 pm : bharti airtel TARGET ACHIEVED
12.55 PM : EUROPE OPEN WITH WEAK
1.13 PM : NIFTY ABOVE 5044 WILL KISS TO 5080
1:16 PM : Nifty Futures again overtaking Nifty favoring BULLS
2:05 PM: Wow NF @ 5050
3:40 PM: Finally Nifty at 5080. Still our 5100 Call Target of Rs 92. is pending and closed at Rs. 84.5
That's all today. Bye. Meet you all tomorrow 8:45 AM
Powered by Blogger.






























