ULTRA TECH CEMENT
AMBUJA CEMENT
SUPPORT 5350 - 5330
BUY SBIN
Friday, July 16, 2010
HAPPY FRIDAY - 16.07.2010
ULTRA TECH CEMENT
AMBUJA CEMENT
SUPPORT 5350 - 5330
BUY SBIN
Thursday, July 15, 2010
Wednesday, July 14, 2010
HAPPY WEDNESDAY 14-07-2010
TODAY INTRADAY HOT BUYING STOCKS
RCOM
RELIANCE
TATA STEEL
9.45 am : BUY EDU COMP AT 601 TARGET 608
STOPLOSS 598
Tuesday, July 13, 2010
HAPPY TUESDAY 13.07.2010
TODAY INTRADAY HOT BUYING STOCKS
SUPPORT 5350 - 5330 - 5302
9.24 AM : Infosys Q1 net profit down 8% to Rs 1488 cr
NIFTY BELOW 5370 LEVEL , SOME PROFIT BOOKING POSSIBLE
12.15 pm : JET AIRWAYS ROCKING
3.30 PM : TODAY OUR RECOMMENDATION JET AIRWAYS AND ICICI BANK
HIT THE ROOF
BYE
Monday, July 12, 2010
HAPPY MONDAY - 12.07.2010
INDUS IND BANK
ICICI BANK
TATA MOTORS
GUJARAT NRE COKE
TODAY NIFTY RESISTANCE 5330 - 5352 - 5380
SUPPORT 5302 - 5280 - 5252 - 5230
9.06 AM : NIFTY NEXT RESISTANCE 5402
1.20 pm : TODAY OUR RECOMMENDATION ICICI BANK,TATA MOTORS,INDUS IND BANK
GUJARAT NRE COKE ALL ARE IN GOOD POSITION NOW
Thursday, July 8, 2010
HAPPY THURSDAY - 08.07.2010
TODAY INTRADAY HOT BUYING STOCKS
NTPC
HCL
TCS
DABUR
WIPRO
ITC
TODAY INTRADAY IT STOCKS ARE GOOD FOR TRADE
Wednesday, July 7, 2010
HAPPY WEDNESDAY 07-07-2010
Hot Sectors Today: Oil Sector, Pharma Sector
1.21PM : EUROPE MORE THAN 1% DOWN
TRADERS ALERT, KEEP STOPLOSS
2.43 PM : NIFTY SUPPORT 5230
IT WILL BROKEN 5202
Tuesday, July 6, 2010
HAPPY TUESDAY 06.07.2010
TODAY INTRADAY TIPS
L&T
L&T TARGET 1802
11.25 am : OUR MARKET WAITING FOR EUROPE UPDATE
12.51 PM : L&T OUR TARGET 1802 ACHIEVED
12.58 PM : L&T ROCKING 1805
Monday, July 5, 2010
HAPPY MONDAY 05.07.2010
IT STOCKS ARE GOOD FOR INTRADAY TODAY
HCL BUY ABOVE 353 TARGET 358 - 360
STOPLOSS 350
WIPRO BUY ABOVE 386 TARGET 390 - 394
STOPLOSS 383
IVRCL BUY ABOVE 187 TARGET 190 - 192
STOPLOSS 185
3.08 pm : OUR HCL TARGET 358 ACHIEVED
WIPRO TARGET 390 ACHIEVED
Saturday, July 3, 2010
U.S. stocks, dollar, oil fall on recovery doubts
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The price of safe-haven U.S. Treasuries slipped after many investors concluded the jobs report was not as bad as had been feared, leading to a mild bout of profit-taking.
The unemployment rate fell as discouraged American workers dropped out of the labor force, but a modest rise in private employment tempered worries of a double-dip recession.
Earlier in Europe, the price of German Bund futures fell while European shares ended slightly higher as the worst fears about the U.S. economy failed to come true.
"With all the gloom and doom before the report, you could say it wasn't as bad as it could have been, but it's probably not a positive for the economy," said Robert Yawger, senior vice president, energy futures at MF Global in New York.
ON WALL ST, WORST WEEK IN 2 MONTHS
U.S. stocks posted their worst week in two months on the jobs data and a report that showed new orders for U.S. factory products dropped by the sharpest since the depth of the recession and fell for the first time in nine months.
A technical move that suggested more selling pressure may be ahead also weighed on U.S. stocks. The S&P 500's 50-day moving average broke below its 200-day moving average, a development known as the "death cross."
Volume on Friday was among the worst five days of the trading year, with many participants leaving early for the long Fourth of July holiday weekend.
The Dow Jones industrial average closed down 46.05 points, or 0.47 percent, at 9,686.48. The Standard & Poor's 500 Index lost 4.79 points, or 0.47 percent, to 1,022.58. The Nasdaq Composite Index fell 9.57 points, or 0.46 percent, to 2,091.79.
Global shares ended at break-even, however. MSCI's all-country world equity index rose 0.03 percent, while its emerging markets index gained 0.4 percent.
The pan-European FTSEurofirst 300 index of top shares rose 0.1 percent to close at 969.66 points. The index lost 4.3 percent for the week.
"What seems to be happening is that people are a bit less worried now about the idea the U.S. economy is already sliding into a double-dip recession," Julian Jessop, fixed-income strategist at Capital Economics, said about the data.
OIL FALLS, DOLLAR DROPS VS EURO
U.S. crude oil prices fell a fifth straight day to a three-week low on the bearish U.S. economic data.
U.S. crude oil futures slipped 81 cents, or 1.11 percent, to settle at $72.14 a barrel, the weakest close since June 8.
ICE Brent crude oil futures fell 69 cents, or 0.95 percent, to settle at $71.65, the weakest close since May 25.
Gold prices rebounded on technical strength and bargain hunting after double-dip recession fears triggered the biggest losses in six weeks on Thursday.
Gold was supported by a stronger euro against the dollar before the long U.S. Independence Day weekend.
U.S. gold futures for August delivery settled $1 higher at $1,207.70 an ounce, but ended the week nearly 4 percent lower.
U.S. bond prices were mixed. The benchmark 10-year note was down 9/32 in price to yield 2.98 percent. The 2-year U.S. Treasury note was flat at 0.63 percent.
"The uncertain response in bonds suggests the employment report was a difficult read. There's a lot of mixed data in there," said Kim Rupert, managing director of global fixed-income analysis at Action Economics LLC in San Francisco.
The dollar slipped against the euro, extending the previous day's steep losses, on concerns about the U.S. recovery.
The euro rallied sharply against the dollar this week as investors looked past economic problems in the euro zone and focused instead on the possibility of a stalled U.S. recovery.
The jobs report "reinforces the market's view that the U.S. recovery is losing steam," said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.
The dollar was down against a basket of major currencies, with the U.S. Dollar Index down 0.44 percent at 84.343.
The euro was up 0.19 percent at $1.2541.
Against the yen, the dollar was up 0.22 percent at 87.79.
Earlier in Asia, stocks gave up early gains to trade flat as investors remained nervous ahead of the closely followed U.S. jobs report.
Japan's Nikkei average ended a touch firmer after choppy trade, rising 0.13 percent to close at 9,203.71, just above the key 9,200 support level, while the MSCI index of Asia Pacific stocks outside Japan fell 0.1 percent.
(Reporting by Chuck Mikolajczak, Wanfeng Zhou, Robert Gibbons and Burton Frierson in New York; Ikuko Kurahone in London; Lucia Mutikani in Washington; Writing by Herbert Lash; Editing by Jan Paschal)
RNRL MERGE WITH R-POWER
The boards of Anil Ambani-led Reliance Power (Rel-Power) and Reliance Natural Resources (RNRL (RNRL.NS : 63.95 -1
)) will meet on Sunday to consider merging with each other. Television reports on Friday said the merger will facilitate the routing of gas from Mukesh Ambani's Reliance Industries (RELIANCE.NS : 1068.95 -7.3
) (RIL) to Rel-Power's power plants, including the one proposed at Dadri. RNRL was formed with an intent to source, supply and transport gas, coal and liquid fuels. It lost much of its relevance without any surety of supply of gas, according to the family agreement between the Ambani brothers. In fact, there was much speculation that Mukesh would try to acquire RNRL from Anil.
RNRL's case to remain a separate entity weakened further this May, when the Supreme Court passed a decision that put an end to the feud between Anil and Mukesh over pricing of RIL's gas supply to RNRL.
The SC said that no private arrangement like the MoU drafted by the brothers on sharing of the gas from the D6 KG basin gas can override government policy, thus establishing the validity of the $4.20 per mmBtu price set by a group of ministers and contested by RNRL as too high.
A majority of the three-member bench headed by the then Chief Justice KG Balakrishnan also said the MoU for separation of family business was not legally binding on RIL. The court asked the brothers to renegotiate a fresh deal for gas supply to RNRL at RIL's initiative within 14 weeks. The court said the agreement should be based on the fact that government is the owner of the gas and hence, has the last word on its pricing and utilisation.
The brothers then scrapped a non-compete agreement. Last week, they signed a revised gas supply agreement, a development that paved the way for the government to allocate gas to Anil Ambani group's power plants. RIL had said the revised agreement is compliant with the gas utilisation policy and EGoM decisions.
At the recent RIL AGM, Mukesh hailed the Supreme Court judgment and said: "As and when the power plants of ADAG are ready to receive gas, we would commence supplies to them, subject to government granting allocations to these plants in the same manner as we do to all other plants to whom the government has allocated gas from the KG-D6 gas field
Friday, July 2, 2010
HAPPY FRIDAY - 02.07.2010
RCOM TODAY TARGET 198
STOPLOSS 192
TATA MOTORS
BUY ABOVE 774 TARGET 780 - 782 , STOPLOSS 770
SESAGOA
BUY ABOVE 351 TARGET 355 - 358
STOPLOSS 349
MARUTHI SUZUKI
BUY ABOVE 1410 TARGET 1420 - 1425
STOPLOSS 1400
JINDAL STEEL
BUY ABOVE 615 TARGET 622 - 625
STOPLOSS 612
ASHOK LEYLAND
BUY ABOVE 62.50 TARGET 64.50 AND 65
STOPLOSS 61.90
NIFTY LEVEL 5250 - 5280 - 5302 - 5330
NIFTY SUPPORT 5230
3.04 pm : MARKET BORING
COMING DAYS LOT OF INDIAN COMPANYS Q1 RESULT WILL COME
THAT WILL DECIDE OUR MARKET TREND
MAXIMUM POSITIVE SIDE ONLY
3.29 PM : RNRL FREE FALL AS MKT RUMOR ABT RNRL~RPOWER MERGER
PL AVOIDE ALL RUMMORS :- RNRL FREE FALL AS MKT RUMOR ABT RNRL~RPOWER MERGER
Thursday, July 1, 2010
HAPPY THURSDAY - 01.07.2010
TODAY HOT BUYING STOCKS
SBIN
BUY ABOVE 2290 TARGET 2302
BUY ABOVE 620 TARGET 625
IDFC ABOVE 180 TARGET 183 - 185
HATHWAY CABLE BUY ABOVE 180 TARGET 184
KOTAK BANK BUY ABOVE 770 TARGET 776
TRADE WITH STRICT STOPLOSS
NIFTY RESISTANCE 5280 - 5302 - 5330 - 5350
NIFTY SUPPORT 5250 - 5230 - 5202
10.06 am : AFTER NOON NIFTY WILL RECOVER
10.56 AM : OUR MARKET IS VERY VOLATILE
TRADERS DOUBLE MINDED
12.57 pm :Inflation update: Primary articles inflation for week ended June 19 is at 14.75% versus 17.6%, reports NDTV Profit. Food articles inflation is at 12.92% versus 16.9% while fuel group inflation is at 12.9% versus 13.18%
1.01 pm : SEE IDFC ZOOOM
1.46 PM : GREAT NIFTY COME BACK AGAIN
2.26 PM : GOVT TO ANNOUNCES Rs.1.50/ltr SUBSIDY FOR DIESEL. HIGHLY POSITIVE FOR HPCL, BPCL, IOC
