Market Reports

TECHNICAL ANALYSIS: Index Outlook: Market's fate hanging in balance
 Irrationality was to the fore once again last week, this time sending stocks spinning down a deep chasm. Any stock with a real-estate and banking tag or remotely connected with the so called ‘loans for bribes' scam was battered out ...

STOCKS: State Bank of India: Buy

IPOS: MOIL India — IPO: Invest at cut-off
Investors could consider applying to the IPO of Indian manganese producer MOIL India, which appears attractively priced given its quality ore reserves, low operating costs and booming domestic market. At the higher end of the offer price ... 

PUBLIC OFFER: The Shipping Corporation of India – FPO: Invest
Investors with a long-term perspective of at least two-three years can consider applying at cut off in the follow-on public offer (FPO) of The Shipping Corporation of India (SCI), the country's largest shipper (35 per cent share) in terms ... 

STOCKS: Everest Kanto Cylinder: Buy
Investors can consider phased exposure to the stock of Everest Kanto Cylinder, a high pressure cylinder manufacturer. At the current price of 97, the stock trades at 11 times its expected consolidated per share earnings for FY-12. The jum

TECHNICAL ANALYSIS: Query Corner — Aurobindo Pharma reversing from life-time high
Could you please outline the medium and long-term outlook of Indian Overseas Bank? ... 

TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 962.5)
RIL declined 3.4 per cent last week, continuing its short-term downtrend. In line with our expectation, it has slipped below an important support level of Rs 990 and is heading towards our initial price target of Rs 950, which is ...

TECHNICAL ANALYSIS: Sizzling stocks: LIC Housing Finance (Rs 932.1)
LIC Housing Finance that was at the eye of the ongoing scam plunged 28 per cent last week. Moreover, it has plunged 30 per cent so far in November. The stock's long-term up trendline that was in tact since March 2009 low of Rs 178, ...

TECHNICAL ANALYSIS: Consider shorting PowerGrid, IDFC
The outlook for PowerGrid has turned negative. As long as PowerGrid rules below Rs 109, it would face stiff resistance. The stock finds an immediate resistance at Rs 103 and support at Rs 95. A close below Rs 95 could weaken it to Rs 84 ... 

 Sizzling stocks: LIC Housing Finance (Rs 932.1)

LIC Housing Finance that was at the eye of the ongoing scam plunged 28 per cent last week. Moreover, it has plunged 30 per cent so far in November. The stock's long-term up trendline that was in tact since March 2009 low of Rs 178, was decisively broken last week. After recording an all-time high of Rs 1,496 on September 29, the stock changed direction triggered by negative divergence displayed in the daily relative strength index. Since then, it has been on a medium-term downtrend.

While declining, it breached a key support at Rs 1,300 by tumbling 18 per cent on November 24 with good volume. The stock is hovering well below its 50 and 200-day moving averages. It is, however, trading just above significant long-term support level at Rs 900. 

The daily indicators have entered oversold territories and the stock is hovering well below the lower boundary of Bollinger Bands implying oversold state, a minor corrective rally is possible up to Rs 1,000 or Rs 1,060 in the near-term.

Key resistance above Rs 1,060 is at 1,200. Strong move above Rs 1,250 is required to mitigate the downtrend. Conclusive weekly close below Rs 900 will pull the stock lower to Rs 800 and then to Rs 700 in the medium-term.  

HCC (Rs 40.1) 

The Hindustan Construction Company stock too collapsed last week, declining 29 per cent. From January 2010 peak of Rs 81, the stock has been on an intermediate-term downtrend, which accelerated last week. It broke through the long-term support at Rs 50 in the previous week and is hovering well below its 200 and 50-day moving averages. However, the stock is currently testing its longer-term key support around Rs 40. Strong breakthrough of this support will drag the stock down to its immediate support at Rs 35 and next at Rs 20 in the medium-term. A rebound from the support can be a corrective up move and lift the stock higher to Rs 45 and then Rs 50. As long as it trades below Rs 67, the intermediate-term downtrend remains in place. — Yoganand D.

FLAG of CNX IT  

Nifty Ready for Bounce ?

Pick of the Week: Reliance Industries 

3 Weekly technical calls from Edelweiss 

Src: Myiris, NCP blog, Businessline and etc

SENSEX = KOREAS WARLIKE SITUATION + LIC HSG SCAM

Sensex continues to bleed on loan scandal

 

MUMBAI: A benchmark index of Indian equities markets shed 449 points this week, taking the last three weeks' loss to 1,868 points as 2G spectrum allocation scan and housing loan bribery scandal dampened sentiments and weighed heavy on the markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) declined 2.29 percent or 448.83 points to 19,136.61 points in the weekly trade.

Indian equity markets have closed deep in the red for the third straight week. The benchmark Sensex shed 1,868 points from its all-time closing high of 21,004.96 points reached on special Diwali trading session Nov 5.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 5,751.95 points, down 2.63 percent in this week's trade.

Nifty has declined 560 points from its all-time closing high of 6,312.45 points touched on Muhurat trading (a special session meant to pay obeisance to Goddess Lakshmi - the Hindu deity of wealth and prosperity) Nov 5.

A series of scams weighed heavy on the markets. The country's official audit agency Comptroller and Audit General said early this month the telecom minister arbitrarily allocated 2G spectrum licences, resulting in a loss of thousands of crores of rupees to the government exchequer.

The CBI Wednesday arrested senior officials from LIC Housing Finance , LIC, Bank of India, Central Bank of India and Punjab National Bank for allegedly accepting bribes to extend loans to realty companies.

Also on the CBI's scanner are a number of realty companies which were beneficiaries of such loans.

As a result, realty stocks were hammered this week.

All the sectoral indices also closed deep in the red this week, led by a sharp plunge in realty stocks. The BSE Realty index dived nearly five percent Friday after the country's top investigative agenc, the Central Bureau of Investigation (CBI), arrested senior officials of financial institutions and some real estate developers on bribary charges.

Selling pressure was across the board as 2,508 scrips closed in the red Friday, compared to only 485 stocks advancing, while 79 stocks were unchanged.

Major Sensex losers on the last trading day of the week, included Jaiprakash Associates , down 8.04 percent at Rs.105.75; Reliance Infra, down 6.59 percent at Rs.850.25; Reliance Com, down 5.51 percent at Rs.130.30; and Sterlite Industries , down 3.62 percent at Rs.161.

According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors sold scrips worth $116.6 million Friday.  

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 Bull market may end in 2-3 months: Shankar Sharma

 

Bear of the week: Stock that tumbled 30% in 3 days   

Src: ET and MC

Morning calls

Technical calls for intra-day  

Intraday F&O calls 

SEBI lens on 9 firms for insider trading 

F&O watch: Worst may be over for Nifty

Will Nifty Future Bouceback in December Series? 

Scam/Bribe and Timing !

 

 

Nifty EOD View 25-Nov-2010

 

 

Src: Leading web/blogs.

 

CTRL + ALT + DELETE (CORRUPTION)

We are CORRUPT society

 

 

Fear of selloff and margin call may raze realty stocks

 

 

 ET Review: Nokia C7 out of the N8's Shadow 

Technical calls for intra-day  

 

Intraday F&O calls 

 

 

Bank Nifty and India VIX technical levels 

Another Scam in Indian Market LIC/Central Bank of India and BOI

 

 

Nifty daily analysis 

Nifty

 

 

TATA STEEL

 

 

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WHAT A SCAM (SHAME)???????

2G SPECTRUM +  COMMONWEALTH SCAM + HOUSING LOAN SCAM

VERY BAD..................

 

Sensex ends 232 pts lower on housing finance scam

Housing scam: CBI arrests top officials of PSU banks, FIs

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MUMBAI: The Central Bureau of India (CBI) on Wednesday arrested top officials from some leading PSU banks and public/private financial institutions. The CBI said that the officers of Bank of India, Central bank of India, Punjab National bank and LIC HF were receiving illegal gratification for facilitating loans. Executives at Money Matters were arrested for broking bribery deals . Five separate cases have been registered and investigations are on, the leading investigation agency said in a press conference. It hasn't put up a figure to the size of the scam.

The biggest arrests included the CEO of LIC Housing Finance. The CMD of Money Matters Rajesh Sharma was also arrested. Executives from PNB, Central Bank of India, Bank of India were arrested in these raids. Among other arrests were two executives at Money Matters.

Earlier in the day, shares of LIC Housing Finance plunged 18.32 per cent to Rs 1068.55 on the BSE. It touched a low of Rs 1031.10 in trade. Shares of Central Bank of India also tanked on the same issue. The scrip fell 8.02 per cent to Rs 197.90 on the BSE. It touched a low of Rs 191.40 in trade.

Shares of Money Matters Financial Services also faced selling pressure. The scrip tanked 19.99 per cent to intraday low of Rs 531.20 on the BSE on rumours of a raid. 

 Nifty ends at 5865; LIC Hsg Fin, Central Bank t...

CBI busts loan scam, nabs LIC Hsg CEO, top PSB officials 

 Sensex ends 232 pts lower on housing finance scam

 

Morning calls

Technical Views of Varun Industries,Tata Steel and Infosys

Dow Jones analysis after closing bell 

US DOLLAR looking positive

Heard on the Street 

Intraday F&O calls 

Src: Myiris, NCP blog, Bramesh blog etc

BT 500: India's most valuable companies

BT 500: India's most valuable companies

The buzz is back - and the upswing in valuations is the best indicator of the turnaround in not just sentiment on the street but also of fortunes of corporate India. As the economy leaves most of the world behind and gets set to clock 8.5 per cent growth in the current financial year, India Inc. is riding a boom in increased domestic consumption even as it slowly but surely conquers new markets overseas.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investors, primarily of the foreign institutional variety, have sensed the upside. The overseas moneybags have pumped all of $23.5 billion into Indian equities in 2010. That is reflected in the growth in market capitalisation in the first half of the current financial year - which is what Business Today considers for its rankings.

The overall market value of the BT 500 companies is up smartly by 42 per cent; the 500 to 1,000 pack has made investors richer by 74 per cent, and the 50 companies in the public sector undertaking listing are more valuable by 23 per cent than a year ago. That's a smart recovery from the downturn of the previous study in 2009, when the top 500 lost 7.32 per cent in value and the second half of the list had 30 per cent of their wealth eroded.

In numbers Leaders through the years BT 500 newcomers India's most valuable companies-Private sector The next 500 companies India's most valuable companies-Public sector Companies Index Small investors

Leading that resurgence are good old blue chips like Tata Steel, Tata Motors, Hindalco and Sterlite, which have benefited from 

robust growth in sales (of autos, for instance), and an upturn in prices of commodities like steel, aluminium and copper. Hindalco and Tata Steel also gained because investors are once again seeing brighter prospects for the big-ticket acquisitions made a few years ago - of Novelis in Canada and Corus, now renamed Tata Steel Europe, respectively. Tata Motors is also reaping the benefits of a pretty sensational turnaround in the performance of Jaguar and 

 

Land Rover, the two brands it had acquired from Ford Motor. Lower down the charts, relatively new-age sectors like aviation and organised retailing have kept investors busy, with SpiceJet and Shopper's Stop returning to the black.

The disappointments? Perhaps the biggest one is at the top of the heap: Mukesh Ambani's Reliance Industries, which has traditionally been an investor favourite, has underperformed as investors are not confident about its ambitious expansion plans. Ditto with the companies in Anil Ambani's stable, which have to convince the street that they can execute mega-projects . The telecom pack, too, has come under pressure after nearly eight years of rahrah growth. That's reflected in another top-level shuffle, where Bharti Airtel has lost 24 per cent in value, and is down two places to No. 4, and the rest of our BT 500 features for more.

 In numbers

• Leaders through the years
• BT 500 newcomers
• India's most valuable companies-Private sector
• The next 500 companies
• India's most valuable companies-Public sector
• Companies Index
• Small investors  

• Tata's game changers
• Goodbye good buy
• In the name of family

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Red Herring Top 100 Asia Announced

 

 

 Src: Businesstoday.in, RedHerring

Stock Reports -2

Who sold on Friday?

 

 

Thomas Cook: Institutional Radar

 

 

Eyes or Ears

 

 

 Diamond in NIFTY

 

 

UNITECH enters bear market 

Trading strategy for 3 buzzing stocks 

 

 

Pick of the Week - Nov 20 2010

 

 

5 Themes for 5 years

 

 

Pick of the Week: Dabur 

Grey Market Premiums - Nov 19 2010

 

 

BHEL looks weak-Avoid

 

Nifty Future Weekend Post

 

 

 

Src: NCP blog, TOT blog, AKP blog and SOM blog, MYiris etc

Stock Reports -1

STOCKS: Educomp Solutions: Buy

 

STOCKS: J&K Bank: Buy
Fresh investments can be considered in the stock of J&K Bank, which is promoted by the Government of Jammu and Kashmir but has characteristics of a private bank. J&K Bank is a development finance institution in Jammu and Kashmir ...

STOCKS: Exide Industries: Buy
Investors with a two-to-three-year perspective can invest in Exide Industries. Robust demand for automotive batteries, capacity expansions, limited exposure to the telecom batteries segment and increased sourcing of raw material from ...

STOCKS: Kingfisher Airlines: Sell
Like its peers in the Indian aviation space, Kingfisher Airlines has been able to show improvement in performance metrics over the past few quarters, aided by an uptick in demand for air travel in the country. Also, the company has been ...

TECHNICAL ANALYSIS: Index Outlook — Looking for a foothold
Global jitters continued to take their toll on Indian stock prices and yanked the Sensex below the 20,000 mark in the first half of the week. Even as other markets stabilised towards weekend on hopes that Ireland was moving towards a ... 

TECHNICAL ANALYSIS: Pivotals
Prolonging its correction, the stock tumbled 6 per cent last week. This fall has conclusively breached both its 50- and 200-day moving averages at Rs 1,045 and Rs 1,035 respectively, which were important supports. RIL is testing its next ...

TECHNICAL ANALYSIS: Query corner: IDBI Bank reversing from all-time high
Please let me know the medium-term outlook of BL Kashyap and Sons bought at Rs 47. Kishore ...

TECHNICAL ANALYSIS: Sizzling Stocks
Unitech nose-dived 16 per cent, emphatically penetrating its 200-day moving average around Rs 80 and key intermediate-term support at Rs 75. The stock has completely retraced its previous up move that commenced from May low of Rs 65 that ended ... 

Foreign funds turn net sellers for first time in 25 weeks

CIL is India's 3rd most valued firm; mcap at Rs 2,09, 671 cr

Nifty Weekly Levels for Expiry Week 

Sensex may plunge further on 2G, mkts to see selective buying 

Src: Bramesh blog, ET, Businessline and etc