Wednesday, September 9, 2009

levels of the some stocks

market condition in next week

Nifty is trading sideways between 4780 and 4840. If nifty breaks above 4840 and then it could move towards 4865 or even 4908 where as breaks below 4780 it could test at 4756 and 4715 trade cautiously as profit booking can be expected at any time.

Thursday, August 27, 2009

watch the scrips

name
Live Price
target

Samtel Color
16.05
29

PVP Ventures
45.15
92

KPIT Cummins
80.8
190

Ansal Propertie
81.85
157

Emco
104.75
165

Jayshree Tea
272.65
390

Infotech Enter
282.75
355

TIL
294.8
450

Hind Oil Explor
341.15
725

Unity Infraproj
347.15
500

STC India
366.55
740

LIC Housing Fin
673.05
850

Tech Mahindra
921.25
1240

Bhushan
1081
1450

Thursday, August 6, 2009

market watch

major support for nifty falls at 4570 spot -- on closing basis -- close below 4570 spot may trigger further selling tomorrow........


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Friday, July 17, 2009

today's tip

buy rpl cmp 121 and tgt 125

Monday, July 13, 2009

bear markets

wait this not correct invest wait this month ending good buying opertunity

Tuesday, June 30, 2009

Today ready for pre budget rally

keep see the budget issues nifty will touch the 4550 levels

Thursday, June 18, 2009

INFLATION AT -1.61%....

Inflation @ minus 1.61% is not good for indian economy we are entering into deflation Worst data for macro economy.

Monday, June 15, 2009

Todays's intraday tip

Sell HINDZINC blw 670 Sl 680 Tgt 655-645+


Sell IBREALEST blw 224 Sl 227 Tgt 221-216+


Sell DLF blw 365 Sl 374 Tgt 360-345+

Todays's intraday tip

Buy GMRINFRA abv 160 Sl 158 Tgt 162-166+

Wednesday, June 10, 2009

TODAY'S INTRADAY TIPS

BUY OMAXE CMP 119 AND TGT 128 SL 116

BUY GTL INFRA 47 TGT 52 SL 45

Tuesday, June 9, 2009

TODAY'S INTRADAY TIPS

Sell JPASSOCIAT blw 206 Sl 210 Tgt 203-195+


Sell JSWSTEEL blw 500 Sl 510 Tgt 495-475+


Sell GMRINFRA blw 159 Sl 164 Tgt 157-152+

Tuesday, May 19, 2009

Is it time to buy now?

This is what the experts have to say...

Shankar Sharma, Vice Chairman and Joint MD, First Global is of the opinion that a 40% rally may happen in the next two to three months. He says, “We have got a huge shot in the arm. I think let us just enjoy the moment. Then we will regroup and we will reassess what is to be done but this does give us a chance to climb our way somewhat out of the bear market."

Madhu Kela, Head of Equity Investment of Reliance Mutual Fund, says "India is going to be one country which in the global world map is likely to outperform. I do not know what will happen in the next 2-5 days. This has been an investor’s delight who wanted to invest into India from a three-five year perspective."

Ramesh Damani, a member of the Bombay Stock Exchange says that there is an unprecedented sense of jubilation among investors post declaration of poll results. He expects a huge thrust on reforms from the new government, which will likely be led by the banking space.

The markets are brimming with opportunity and you need a valuable mix of expert advice, stock recos, news & analysis to rake in huge profits. At poweryourtrade.com we have special packages for both traders and investors.



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Friday, May 15, 2009

buy sesa goa every dip


This is right buy to every dip of the this share and it will cross the 300 rs in short term

NOTE : who is brave buyer only buy this stock

Wednesday, May 13, 2009

Buy Unitech on dips

Buy Unitech on dips with a target of Rs 56-57 after which it can go to Rs 85 and keep a stop loss of Rs 42, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 51, up 0.69% on the BSE.

Tuesday, May 12, 2009

Wall St slips led by banking stocks; Dow ends down 156 pts

The US markets retreated from a four month high as banking stocks slipped. Several major banks announced large common stock offerings to repay government bailout funds.

Tech stocks however, traded higher after Citigroup upgraded its rating on the software and services sector to "overweight" from "market weight

The Dow declined 155.88 points, or 1.8%, to 8,418.77. The S&P 500 index declined 19.99 points, or 2.2%, to 909.24, while the tech-focused Nasdaq composite index was down 7.76 points, or 0.5%, to 1,731.24.

Monday, May 4, 2009

short term call

BUY SATYAM COMPUTERS THIS LEVEL AND IT WILL TOUCH THE 58 RS
CROSS THE 58 RS SECOND LEVEL IS 75 SL 42 STRICTLY FOLLOW THE STOP LOSS

SENSEX HITS 12,000 MARK

The Sensex was trading at 12001, up 598 points and the Nifty shot up 154 points, to 3,628, at 12:23 hours IST. Broader indices - BSE Midcap and Smallcap indices gained 3-3.6%.

On the sectoral front, BSE Metal Index surged over 7%, as Sterlite, Hindalco, Tata Steel, JSW Steel, Hindustan Zinc, NALCO and SAIL shot up 6-12%.

IT, Bank, Realty and Capital Goods indices went up over 5%.

In the technology pack, Wipro, TCS and Infosys gained 5-8%. Among banking stocks, ICICI Bank, SBI, HDFC Bank, Axis Bank and PNB were up 4.4-6.5%.

Unitech, Indiabulls Real, HDIL, Orbit Corporation, Parsvnath and DLF rose 3-10% in the realty pack.

Among the capital goods stocks, Siemens, Punj Lloyd, L&T and BHEL were up 3-9%.

Among other indices, FMCG, Auto, Oil & Gas and Power gained 3.5-4.5%.

Reliance Petroleum, Reliance Industries and ONGC were up 3-3.9% in the oil & gas space.

In the midcap space, Sintex India, Pantaloon Retail, MindTree, India Infoline and Asian Star were up 10-13%. In the smallcap space, Fresenius Kabi, Ruchi Soya, Infotech Enterprises, Kesoram and Aztecsoft gained 11-20%.

Shane Oliver, AMP Capital Investors said, "We may see an intermediate correction on the back of US banks' stress test, but the rally is not over yet. The rally is underpinned by improving global economic data, which shows the pace of decline is slowing. I expect around 20% upside from current levels by the year end."

Tuesday, April 21, 2009

INTRADAY CALL : BUY GNFC IN SHORT TERM CALL

THIS IS RIGHT TIME TO BUY THE GNFC TGT 78 RS WITH IN THE WEEK

Monday, April 20, 2009

Mkts may correct 10 to 15 % from current levels

Nifty is likely to offer resistance at 3,490-3,500 level, while the Sensex may find it difficult to cross the 11,300-11,400 level.
I advised investors to book profit at current levels. He reminded investors that the month of October and May have a bad track record, and "May might spoil the party for markets."

Wednesday, April 15, 2009

buy sanghi industri

This is right time to buy the current market price 25 rs level it will touch the 45 rs with in short term

Monday, April 13, 2009

buy the vikas wsp,and pochiraju

This is right time to buy the pochiraju this level in short term and will touch the 35 rs and vikas wsp also to see the near future it will cross the 28 rs

Mkts gain amid volatility; midcaps, smallcaps outperform

benchmark indices were trading higher amid volatility, as shares of banking, metal, auto, private power companies as well as Reliance Communication, Reliance Industries, DLF and BHEL were witnessing buying interest. Positive European markets were also helping our markets to stay higher.

However, selling was seen in NTPC, TCS, ONGC, Wipro, Infosys, Bharti, HUL, BPCL, HDFC and Hero Honda. Broader indices - BSE Midcap and Small cap indices were up over 3%. Market breadth was strong; about 2235 shares advanced while 743 shares declined. Nearly 113 shares were unchanged.

The Sensex was trading at 10,944, up 140 points and the Nifty was trading at 3,370, up 28 points, at 13:23 hours IST.

Top gainers were Tata Steel, Tata Motors, Sterlite Industries, HDFC Bank, SBI and Suzlon Energy, which gained 5-9%.

BSE Metal Index was up nearly 6% and Bankex surged 5%. Auto Index went up 2.8%. Healthcare and Capital Goods indices rose 1.5% each.

Monday, April 6, 2009

Wednesday, April 1, 2009

Cement sector to see 6-7% growth in FY10

Sanjay Ladiwala, President of Cement Stockists and Dealers Association of Mumbai said that prices and despatches have been better in March. He added there is substantial demand for cement from rural, housing and infrastructure sector. Ladiwala expects 6–7% incremental growth in the cement industry in FY10.

CRISIL, CNBC-TV18 announce Mutual Fund Award Winners

CRISIL FundServices, in partnership with CNBC-TV18, yesterday presented the CNBC-TV18 – CRISIL Mutual Fund Awards for outstanding mutual fund performance for the year 2008. Birla Sun Life AMC, with 5 awards and 5 nominations, won the prestigious Mutual Fund House of the Year Award for the second year in a row. Birla Sun Life AMC also won the Debt Mutual Fund House of the Year Award while the Equity Mutual Fund House of the Year Award was awarded to DSP BlackRock AMC. The Most Innovative Fund of the Year honour went to UTI’s Wealth Builder Fund-Series II.



According to Mr. S. Venkataraman, Senior Director - Research, CRISIL, “The awards have grown to be an industry benchmark in evaluating performance of mutual fund schemes in India. The selection for the awards are underpinned by CRISIL FundServices’ robust, unbiased, objective and unique Composite Performance Ranking (CRISIL~CPR) methodology. We have always endeavoured to align the award with the changing profile of the industry and the market environment. Accordingly, this year we have introduced three new categories – Most Innovative Fund of the Year, Debt Mutual Fund House of the Year and Equity Mutual Fund House of the Year.”

Thursday, March 26, 2009

Inflation for week-ended March 14 at 0.27% vs 0.44%

The wholesale price index (WPI) is very close to the 0% mark. Inflation for week ended March 14 came in at 0.27% — still in positive terrain — compared with 0.44% week on week (WoW).

Earlier, a CNBC-TV18 poll saw inflation at 0.09% versus 0.44% (WoW). Last week, the inflation number for the March 7 week had come in at 0.44%, seeing a drastic fall from the week before, which led experts to predicting a fall below the 0% level in the near future.

WPI for all commodities is up 0.1% at 227 (WoW). January 17 WPI inflation has been revised To 4.95% versus 5.64% provisionally.

Wednesday, March 25, 2009

Buy Sun TV..

Buy SUNTV @ CMP (179) with Sl 169 TGT 186,199
(Short Term)

Patel Engg bags Rs 799-cr order

Patel Engineering has bagged a Rs 799-crore order for tunnelling work from the Narmada Valley Development Authority. The work involves completing the Sleemanabad Carrier Canal (Bargi right bank canal) of the Bargi Diversion Project from 104 km to 129 km, on a turnkey basis. This would include survey, planning, geo-technical investigations, design, estimation, preparation of permanent land acquisition cases, construction of lined tunnel a nd canal (about 13 km) by excavation and cement concrete lining. The project would be executed in a joint venture with SEW Constructions Ltd and is expected to be completed in 36 months.

Expect flat to negative opening

The market may have flat to negative opening today and may remain volatile before the settlement. A lot will depend on the global cues and if they remain supportive we may see some further up side.

The Nifty has supports at 2860-2880 and resistances at 3020 and 3050.

Tuesday, March 24, 2009

Wall Street gains on treasury plan; S&P 500 up 7%

The US markets rallied as investors cheered details of the government plan to mop up toxic assets from banks' balance sheet. It is the first time since mid-November that all the three major indices finished up more than 6 percent.

The government is planning to loan private firm’s money to buy up to 1 trillion dollars of bad assets then share in the profit or loss when they are sold at a later date.

US Treasury's to mop-up $1 trillion bad assets

The US government is planning to loan private firms money to buy up to USD 1 trillion of bad assets, then share in the profit or loss when they are sold at a later date. The plan is two-pronged. One part will focus on purchasing toxic securities, the other on purchasing bad loans.

Monday, March 23, 2009

See Nifty in 2600-3100 range till elections

Investors are looking to buy beaten down midcap stocks. He said he doesn’t see significant risk appetite for a break out on the upside. He see the Nifty range between 2,600 and 3,100 till elections are over.

Thursday, March 19, 2009

About our Mukesh Ambani


Mukesh Ambani is the Chairman, Managing Director and the largest shareholder of Reliance Industries, India`s largest private sector enterprise and a Fortune 500 company. His personal stake in Reliance Industries is 48%. His wealth is valued at US$20.8 billion (according to Forbes), making him the richest man in Asia.

Mukesh and younger brother Anil are sons of the late founder of Reliance Industries, Dhirubhai Ambani. Mukesh also owns the Indian Premier League team Mumbai Indians.

Mukesh Ambani was educated at Abaay Morischa School in Mumbai and completed his graduation with a bachelor`s degree in chemical engineering from the UDCT. Mukesh later enrolled for an MBA from Stanford University but completed only one year of the two year program. Mukesh Ambani joined Reliance in 1981 and initiated Reliance`s backward integration from textiles into polyester fibres and further into petrochemicals. In this process, he directed the creation of 60 new, world-class manufacturing facilities involving diverse technologies that have raised Reliance`s manufacturing capacities from less than a million tonnes to twelve million tonnes per year.

He directed and led the creation of the world`s largest grassroots petroleum refinery at Jamnagar, Gujarat, India, with a present capacity of 660,000 barrels per day (105,000 m�/d) (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs 100000 crore (nearly $26 billion USD).

Mukesh Ambani set up one of the largest telecommunications companies in India in the form of Reliance Communications (formerly Reliance Infocom) Limited. However, Reliance Infocom now is under Anil Dhirubhai Ambani Group post the brothers` split. Under him Reliance Retail has also launched a new chain called Delight stores and also signed a letter of intent with NOVA Chemicals to make energy-efficient structures for Reliance Retail. Ambani owns the Indian Premier League team Mumbai Indians.

Achievements

Chosen the businessman of the year 2007 by a public poll in India conducted by NDTV Conferred the United States-India Business Council (USIBC) leadership award for Global Vision 2007 in Washington.

Ranked 42nd among the World`s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November 2004.

Conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004.

Chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.

Ranked 13th in Asia`s Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.

Conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA, May 2004.

Ranked No.1 for the second consecutive year, in The Power List 2004 published by India Today, March 2004.

Recorded as the first Trillionaire in India, June 2007.

Awarded the Chitralekha Person of the Year Award -- 2007 by Gujarat Chief Minister Narendra Modi

Book your Nano, follow these steps


Everyone is waiting with bated breath for the cheapest car, the Nano's launching on March 23. Here’s how you can book your Nano.

Where you can book your Nano
· At any authorised Tata motors dealer
· At a Croma store
· At a Westside outlet
· Bookings can be made online
How to book a Nano

Fill out the Rs. 300 application form
With it, include a 70 per cent-80 per cent deposit of the Nano's price.
Paymment can be made through cheque/demand draft.
Deposit the form from where you bought it, or at any SBI branch
Remember to include an address proof

Voter ID
Passport
Driving license
However, be prepared. Even if you book a Nano you might not get it in the first slot as the allotment will be through a lottery system. Once allotted, the car will be at your doorstep in two months. The only drawback, no one gets more than one Nano.

Inflation at historic low of 0.44% vs 2.43% (WoW)

Wednesday, March 18, 2009

Sensex at one-month high


Key benchmark indices extended gains to hit day's high in mid-morning trade led by buying in metal, banking and realty stocks. The barometer index BSE Sensex breached the psychological 9,000 level as index heavyweight Reliance Industries surged. Overnight rally in US stocks, rally in Asian stocks and buying by foreign funds boosted the domestic bourses. The BSE 30-share Sensex was up 191.86 points, or 2.16% and was near the day's high. The barometer index today hit its highest level in nearly a month.

Expectations of further cut in policy rates by the central bank remain with sharply falling headline inflation.

Foreign institutional investors (FIIs) bought shares worth a net Rs 415.12 crore on Tuesday, as per the provisional data released by the stock exchanges. The substantial buying follows easing of FII selling vigour in the past few days.

But the upside on the domestic bourses will be capped in the next two months due to political uncertainty ahead of parliamentary election to be held between mid-April 2009 to mid-May 2009.

Tuesday, March 17, 2009

Praj Industries secures order worth Rs 20 crore

Praj Industries has received an order for downstream processing equipment from Range Fuels, USA for approximately Rs 20 crore.
The company made this announcement during the trading hours today, 17 March 2009.

Today's market "profit booking"

Market may have flat to positive opening today. Some profit booking is expected after a three-day rally. It may trade in a range and consolidate here before making its next move. The Nifty may see upward momentum again if it manages to trade above 2800.

Supports for the Nifty are at 2700-2730 and resistances are at 2800-2830-2860.

Friday, March 13, 2009

Today's tip Bank of India

buy the bank of india cm 196
tgt 206 sl 194

Thursday, March 12, 2009

today's gain the Banking, auto shares

Indian equities opened firm today, playing a catch-up with global markets after a two-day break on 10 and 11 March 2009 on account of local holidays. The market surged in early afternoon trade after the latest data showed a sharp fall in inflation which will provide room for the central bank to reduce policy rates further. However, the market soon cut gains as the data showed industrial production declined for the second month in a row in January 2009

Industrial production declined for the third time in fours months in January 2009. Index of industrial production (IIP) declined 0.5% against a upwardly revised 0.6% decline in December 2008, government data released a little while ago showed. Industrial production had risen 6.8% in January 2008.

Inflation based on the wholesale price index (WPI) rose 2.43% in the year through 28 February 2009, much lower than previous week's 3.03% rise, data released by the government today, 12 March 2009, showed. It was the smallest annual rise in inflation since 8 June 2002 when inflation was at 2.18%. Its lowest ever was 1.13% on 2 February 2002. However, the inflation for the year through 3 January 2009 was revised upwards to 5.33% from 5.24%.

Bajaj Hindusthan appoints new director

The board of Bajaj Hindusthan has appointed Sanjeev Kumar as whole-time director of the company with effect from 12 March 2009.
He was appointed at the board meeting held on 12 March 2009.

Today intraday tip

short term fundamental call : Buy ITC CMP RS 162.30 TGT 171 SL 155

Monday, March 9, 2009

Friday, March 6, 2009

Dewan Housing Finance capitalises on rights issue plan

Dewan Housing Finance Corporation jumped 5.93% to Rs 50 at 14:59 IST on BSE, having recovered from the session's low of Rs 45.10, after the company said its board approved raising upto Rs 105 crore by way of issuing equity shares on rights basis.

out look for todays trade

Daily trend of the market is down.
Inspite of Repo, Reverse Repo cut the markets are unable to move up as over all trend is down. Let us see whether the ECB rate cut today is able to give some boost to the market, but it is doubt as sentiment and confidance is too low. On top of it the statement of bankruptcy by General Motors would also weigh on the market.
______________________________________________

Wednesday, March 4, 2009

today tip

buy RNRL 39.30 SL 38.50 TGT 41.5
BUY GUJNRE COKE 19.30 SHORT TERM IT WILL TOUCH 25

Monday, March 2, 2009

mid day market "Bears in command"

Bears continued to rule the roost in afternoon trade. The BSE 30-share Sensex was down 216.26 points, or 2.43%. Weak global markets weighed on the domestic bourses. Trading in US index futures indicated the Dow could slide 93 points at the opening bell on Monday, 2 March 2009, also weighed on sentiment.

Yet, the market was off the day's lows as fears of heavy selling by foreign funds eased to some extent as a report showed neither foreign institutional investors' (FIIs) nor domestic funds' selling had pulled the market lower at the onset of the trading session. Sensex was off close to 30 points from the day's low.

Banking, IT and metal stocks led the decline on the domestic bourses today, 2 March 2009. Index heavyweight Reliance Industries (RIL) was down after its board approved a swap ratio for merger of Reliance Petroleum (RPL) with the company, with the merger ratio being more favourable to RPL. But auto stocks gained on jump in February 2009 vehicle sales of Maruti Suzuki and Hero Honda Motors.

Saturday, February 28, 2009

Jaypee Hotels' shareholders & creditors to approve scheme of amalgamation

The meeting of equity shareholders & creditors of Jaypee Hotels will be held on 28 March 2009 to approved the proposed scheme of amalgamation of Jaypee Hotels, Jaypee Cement, Jaiprakash Enterprises & Gujarat Anjan Cement with Jaiprakash Associates.

Next week market



On the daily charts, NIFTY is witnessing an inverse head and shoulder formation,
which suggests further upside and NIFTY likely to take resistance at 2854 and 2970
or even 3147 in near term. In the forthcoming week NIFTY may be considered robust
in the higher side but it is also rare to move more upside owing to a tug of war
between buyers and sellers. On the higher side, the Nifty should take resistance at
2798 and 2814 levels. Breaching 2814 level on closing basis, NIFTY can move
towards 2854 or even 2953 levels, while on downside, the support comes in at the
2708 and 2678 levels. A break of 2662 level, it may test 2646. If global market
continues to fall in the coming week, then NIFTY might test 2612 and 2570 or even
2503 levels.

Thursday, February 26, 2009

Dow breakdown signals move into depression


Tuesday saw a huge big breakdown in global markets. The Dow has plunged to 12-year lows and S&P has also broken 750, which was its November low.

todays tip


buy century text. around 175 spot ; sloss below 167 spot ; target at 185 ; 191 spot

todays market

Wall Street fell on Wednesday as negative sentiment was
generated by a report showing an unexpected decline in existing
home sales in the month of January. The key benchmark indices,
Dow Jones and NASDAQ fell by 1.09% and 1.14% respectively.
The Asian bourses are trading mixed with Nikkei up by 1.33%,
Hang Seng down by 0.71%and Singapore Nifty up by 13 points.
 With Mixed global cues the domestic markets are expected to trade
range bound with high volatility – considering F&O expiry.
Technically nifty may take resistance at 2790/2815/2875 levels and
support at 2735/2705/2650 levels

Tuesday, February 24, 2009

midday tip GMR AND THOMASCOCK

THOMASCOCK 33.80 BUY AND SL 33.30 TARGET 34.80
GMR INFRA BUY 76.80 SL 75.80 TGT 78.50

today intraday tips

Postive side
BHEL had received a 31.5 billion rupee ($635 million) order for
supplying two 600-megawatt plants for a power project in central
India.
 BGR ENERGY SYSTEMS LTD has won an $8.57-million order
from State Company of Oil Projects, Iraq.
 ANDHRA BANK aims to enter the mid-size category of banks in
the country by the end of this fiscal by crossing a total business
volume of Rs 1,00,000 crore.
negitive side
MRF Ltd has declared lock out at the manufacturing plant situated at Puducherry with effect from
February 22, 2009 on account of labour unrest in the factory.
 ONGC has trimmed its crude oil output target by around 3.5% for the current financial year to end-
March because of infrastructure shortages and technical issues.

Today "s" tips

F&O MARKET – SHORT VIEW

In the Index futures segment, Nifty February contract settled at a
discount of 13.30 points against spot market. The contract price
dropped 2.26 percent coupled with open interest declined by 10.96
percent. The cost of carry was negative. This indicates shorts build up
in the contract.

Index futures saw a trading volume of Rs.12693.45 crores arising out of
993145 contracts and Index options saw 1421380 contracts getting
traded at a notional value of Rs.19676.03 crores. The total turnover of
the Futures & Options segment of the Exchange was around
Rs.43149.65 crores.

On the options front, Feb contract, call buying was seen at 2700 & 2900.
On the downside, put writing was seen at 2600 strike prices indicating
NIFTY has strong support at 2600 levels.

The Nifty FEB put-call ratio declined to 0.90 from 1.02 indicating that
market may remain trade lower side.

Out of 255 securities, futures and options on 249 & 112 underlying
securities got traded.

RELIANCE & ICICIBANK was the most active futures & option
contracts on individual securities traded.

Saturday, February 21, 2009

Next week "WEEKLY MARKET OUTLOOK": Chantigadu


NIFTY has been trading volatile in a narrow range of 2700 – 2970 over a couple of
weeks. Volumes were pretty low against previous week. Volatility may remain high as
a tussle between buyers and sellers continues to rule the market. On the F&O front,
NIFTY 2200 MARCH PUT OPTION has seen significant long build up in positions and
it would mean that traders are expecting the NIFTY index to fall to around 2200 from
current levels. Considering all above factors, investors are advised to remain
extremely cautious in short term. As for weekly’s trade, technically 2709 – 2662 levels
are acting as a good support for NIFTY. If it breaks 2700 on closing basis, then
market may turn to further downside and could test 2570 or even 2502 levels. On
higher side, NIFTY is likely to take resistance at 2807 & 2846. Above 2854 levels,
NIFTY is likely to move towards 2953. Decisive break of 2970 or 3000 resistance will
indicate that NIFTY may expect to test 3150 in short term.

Sesa Goa has support at Rs 67-68 : Chantigadu


Sesa Goa had started some sort of an uptrend and there was a good support at around Rs 85. But below Rs 85, this uptrend is now very much in question in fact for all long positions. I would clearly recommend to come out of all long positions because right now the next major support in my opinion is around about Rs 67-68 zone. There is a distinct possibility for the stock coming down to Rs 67-68."

Friday, February 20, 2009

Shree Renuka Sugars' board approves scheme of amalgamation

The board of Shree Renuka Sugars has approved the scheme of amalgamation for merger of wholly owned subsidiaries of the company, viz., Godavari Biofuel and Ratnaprabha Sugars with Shree Renuka Sugars.
This was approved at the board meeting held on 20 February 2009.

Again European mkts slip further, down 2-3%


Sell-off in mining and banking shares are putting pressure on the European markets. CAC dropped 83.98 points or 2.92%, to 2,788.62 and DAX was down 129.82 points or 3.08%, to 4,085.39.

Sensex, Nifty close 7-8.5% down this week


Markets ended the weekly session sharply lower, barring flat closing on Wednesday and Thursday. The reasons behind this fall were interim budget that disappointed the street and the weak global cues. The 30-share BSE Sensex lost 8.5% and the 50-share NSE Nifty down 7.3%.

23/02/2009 is holiday an account of the maha siva ratri

All my friends this is for ur information and we will give some tips to saturday also it considar short term only............

See more low levels in shor term

beware of the stock market in this level
dont buy the single infra shares

Right time to buy the Satyam


This is right time to buy the satyam share
it will touch the 80-85 rs with short period