14 September 2008

Market Ideas from BusinessLine

TECHNICAL ANALYSIS: Index OutlookIndian equities barely reacted to the news of Nuclear Suppliers Group lifting the embargo on trade with India, nor were they impressed by the decline of crude prices, that had been their principal tormenter this year, to $100. Instead, they ...

DERIVATIVES MARKETS: Nifty future comes under more pressureDespite a promising opening, the Nifty September future finished precariously low at 4245.8, registering a fall of 2.4 per cent over the previous week’s close. ...

STOCK MARKETS: Markets not enthused by positive news flowsThe stock markets gave a thumbs-up last Monday after the country received a waiver from the Nuclear Suppliers Group for receiving nuclear fuel supply. The BSE Sensex opened with a huge gap and ended the day with a 461-point gain. The ...


MUTUAL FUNDS: Buy Gold ETFsLooking for an investment option that will perform well when stocks don’t? Gold fulfils this role admirably. Low historic correlation with the Sensex and long-term returns that beat inflation are the key reasons for an Indian investor to ...

TECHNICAL ANALYSIS: Query Corner: What the charts sayPlease let me know the medium-term outlook of Larsen and Toubro. ...

INCOME TAX: Tax exemption on property buyI am a senior citizen. I have sold a residential house, for Rs 36 lakh. I have out of the sale proceeds cleared a home loan on the said property of Rs 7 lakh. I propose to invest Rs 30 lakh to purchase land and construct a ...

INVESTMENTS: The ‘Beta’ guideBeta is the measure of the volatility of a particular stock in comparison with the market. It indicates the stock’s correlation with the market index and cautions on the risk associated with it. Since volatility is an inherent aspect of ...

TECHNICAL ANALYSIS:
InfosysThe Rs 100 cut in the Infosys stock price on Friday has reversed our positive medium-term view for the stock. The bearish engulfing candle formed on this day implies that the move since August 18 was a distribution phase and not a running ...

TECHNICAL ANALYSIS: RelianceRIL is poised on the brink. The support at Rs 1,900 has held the stock over the last two months. A reversal from current levels will imply that a flat pattern is currently unfolding that can take the stock higher to Rs 2,200 or Rs 2,400 in the ...

TECHNICAL ANALYSIS: Tata SteelIt was a dismal show by Tata Steel last week with a 7 per cent weekly decline. The stock has closed below the key support at Rs 557. If we assume that the third wave from the Rs 925-peak has commenced at the August peak at Rs 700, the minimum ...
TECHNICAL ANALYSIS: UnitechUnitech held resolutely above Rs 150 and moved in a narrow range as indicated in our last column. The short-term view for this stock is negative but traders should wait for a decline below Rs 150 before initiating fresh shorts on this counter. ...

TECHNICAL ANALYSIS: SBIState Bank of India recorded an intra-week peak at Rs 1,604 before declining last week. But the mild nature of the correction implies that the near-term outlook stays positive. Immediate supports for the stock would be at Rs 1,458 and then Rs ...

TECHNICAL ANALYSIS: Reliance InfraThis stock reversed downwards from an intra-week peak at Rs 1,101 and declined to the support at Rs 920. ...

STOCKS: Educomp: HoldShareholders in Educomp Solutions, an education solutions provider, can stay invested with a one-two year horizon considering the company’s strong growth prospects in digital content and product licensing to private schools and strong ...

STOCKS: Bannari Amman Sugars: BuyThe sugar cycle is on the verge of an upturn, with the sharp contraction in sugarcane acreage pointing to lower sugar output and tighter supply over the next couple of years. With sugar prices already beginning their ascent, producers can look ...

STOCKS: Shree Cement: BuyThe sharp de-rating of cement stocks, due to concerns about limited pricing power, has trimmed valuations for producers such as Shree Cement. ...

MUTUAL FUNDS: ICICI Prudential Indo Asian Equity: HoldDiversification within an asset class can minimise risk for equity investors and with the Indian market entering turbulent times, funds that invest in stocks outside India help tide over market volatility and insulate themselves against purely ...

MUTUAL FUNDS: DBS Chola Hedged Equity: HoldInvestors can retain their units of DBS Chola Hedged Equity Fund. In little over a year since its launch, the fund’s performance stands out, its returns bettering both its benchmark CNX Nifty and category average for diversified equity ...

STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to

STOCK MARKETS: Baskets of XE-mail your guess before Tuesday to

NEW FUND OFFER: UpdateBirla Sun Life asset management company has launched Birla Sun Life Commodity Equities Fund. ...


Source: BusinessLine

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