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13 December 2010
10 December 2010
Oversold Region Or Selling to Continue????????????
09 December 2010
Intermediate Uptrend ONLY (NiftyFUT) above 5981
Intraday F&O calls
Technical calls for intra-day
Nifty hourly futures update for 9th Dec 2010
F&O Event Tracker
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Heard on the Street
Technical calls for intra-day
Nifty hourly futures update for 9th Dec 2010
F&O Event Tracker
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Heard on the Street
MFs woo distributors with higher payouts
Small AMCs are competing with their large counterparts to lure distributors to sell their schemes. According to an industry source, small and midsized fund houses, which are striving to build an equity asset base, are promising higher commissions to distributors. ‘Satyam Sivam Sundaram Mutual Fund’ and ‘Priceless Mutual Fund’ are offering commission in excess of 1.5% to select distributors, who are selling their funds and new fund offers. This is in addition to the trail fees paid by the asset managers to distributors.
More mid-cap stocks face selling pressure
Investors dumped shares of companies, where market operator Vimal Rathod is rumoured to be active on Wednesday. The news about Intelligence Bureau suspecting him of rigging stock prices of Ruchi Soya, KS Oils, Karuturi Global and IRB Infra triggered the fall. Company shares, named by the intelligence agency, fell 9-27% on Wednesday. Shares of Sujana Towers , Hanung Toys and Neha International also fell to their lowest permissible trading limit on speculation Rathod has been active in these stocks. These stocks, however, were not named by the Intelligence Bureau.
Operators try to boost sentiment after scam
Operators have been trying to boost sentiment in shares of Hindustan Construction Company (HCC) after the company was named in the ‘bribes-for-loan’ scam. Operators have been sending bulk emails and text messages to restart interest in the stock. The email recommends investors to buy the stock, as it is being accumulated by “strong hands”. The operator group expects the stock to touch Rs 400 in a few years’ time. Analysts tracking the company, however, have a different story to tell. “The company is bound tight in legal tangles; we’ll have to wait for the court’s decision on Lavasa, which is expected on December 16. The company’s revenues have not grown over the past two years,” said an analyst tracking the company. Shares of HCC fell 3% to Rs 44.40 on Wednesday.
(Contributed by Nishanth Vasudevan & Shailesh Menon)
Small AMCs are competing with their large counterparts to lure distributors to sell their schemes. According to an industry source, small and midsized fund houses, which are striving to build an equity asset base, are promising higher commissions to distributors. ‘Satyam Sivam Sundaram Mutual Fund’ and ‘Priceless Mutual Fund’ are offering commission in excess of 1.5% to select distributors, who are selling their funds and new fund offers. This is in addition to the trail fees paid by the asset managers to distributors.
More mid-cap stocks face selling pressure
Investors dumped shares of companies, where market operator Vimal Rathod is rumoured to be active on Wednesday. The news about Intelligence Bureau suspecting him of rigging stock prices of Ruchi Soya, KS Oils, Karuturi Global and IRB Infra triggered the fall. Company shares, named by the intelligence agency, fell 9-27% on Wednesday. Shares of Sujana Towers , Hanung Toys and Neha International also fell to their lowest permissible trading limit on speculation Rathod has been active in these stocks. These stocks, however, were not named by the Intelligence Bureau.
Operators try to boost sentiment after scam
Operators have been trying to boost sentiment in shares of Hindustan Construction Company (HCC) after the company was named in the ‘bribes-for-loan’ scam. Operators have been sending bulk emails and text messages to restart interest in the stock. The email recommends investors to buy the stock, as it is being accumulated by “strong hands”. The operator group expects the stock to touch Rs 400 in a few years’ time. Analysts tracking the company, however, have a different story to tell. “The company is bound tight in legal tangles; we’ll have to wait for the court’s decision on Lavasa, which is expected on December 16. The company’s revenues have not grown over the past two years,” said an analyst tracking the company. Shares of HCC fell 3% to Rs 44.40 on Wednesday.
(Contributed by Nishanth Vasudevan & Shailesh Menon)
Src: ET, Myiris, Mktcalls etc
08 December 2010
Nifty Future Break Down ONLY Below 5955-5940
Technical Charts – GAIL / Oswal Chemicals
07-DEC-10 19:20:57
Unitech-07-Dec-2010
Line of HOPE
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Heard on the Street: Hexaware, UFlex
Hexaware gains 14% as FIIs lap up shares
Shares of Hexaware Technologies surged 14% to Rs 100.10, sup-ported by 29 times its 2-week average traded volumes. The buzz is that foreign institutional investor “Kala Patthar” bought a sizeable chunk of the stock. Brokers said institutional investors have been ac-cumulating shares of mid-sized software companies over the past few trading sessions. The company’s second quarter results exceeded Street expectations, with revenues expanding 20% to Rs 112.39 crore.
Institutions reduce exposure to UFlex
Institutional investors trimmed exposure to shares of packaging firm UFlex on Tuesday, after the CBI special court sentenced its CMD Ashok Chaturvedi to a four-year imprisonment in connection with the Noida land scam. The stock was frozen at a lower circuit of 20% at Rs 194.95. Dealers said “Ellora” Capital and a domestic broking firm founded by a former BSE president were heavy sellers in the stock. Both firms had a “buy” recommendation on the stock. The stock has rallied after its September quarter results exceeded market expectations. The net profit for the company more than trebled to Rs 79.29 crore while revenues rose by 16% to Rs 568.10 crore, according to the company’s filing on the BSE. However, in the past few weeks, investors have booked profits on worries about the rise in Chinese imports.
Hexaware gains 14% as FIIs lap up shares
Shares of Hexaware Technologies surged 14% to Rs 100.10, sup-ported by 29 times its 2-week average traded volumes. The buzz is that foreign institutional investor “Kala Patthar” bought a sizeable chunk of the stock. Brokers said institutional investors have been ac-cumulating shares of mid-sized software companies over the past few trading sessions. The company’s second quarter results exceeded Street expectations, with revenues expanding 20% to Rs 112.39 crore.
Institutions reduce exposure to UFlex
Institutional investors trimmed exposure to shares of packaging firm UFlex on Tuesday, after the CBI special court sentenced its CMD Ashok Chaturvedi to a four-year imprisonment in connection with the Noida land scam. The stock was frozen at a lower circuit of 20% at Rs 194.95. Dealers said “Ellora” Capital and a domestic broking firm founded by a former BSE president were heavy sellers in the stock. Both firms had a “buy” recommendation on the stock. The stock has rallied after its September quarter results exceeded market expectations. The net profit for the company more than trebled to Rs 79.29 crore while revenues rose by 16% to Rs 568.10 crore, according to the company’s filing on the BSE. However, in the past few weeks, investors have booked profits on worries about the rise in Chinese imports.
Shares of Hexaware Technologies surged 14% to Rs 100.10, sup-ported by 29 times its 2-week average traded volumes. The buzz is that foreign institutional investor “Kala Patthar” bought a sizeable chunk of the stock. Brokers said institutional investors have been ac-cumulating shares of mid-sized software companies over the past few trading sessions. The company’s second quarter results exceeded Street expectations, with revenues expanding 20% to Rs 112.39 crore.
Institutions reduce exposure to UFlex
Institutional investors trimmed exposure to shares of packaging firm UFlex on Tuesday, after the CBI special court sentenced its CMD Ashok Chaturvedi to a four-year imprisonment in connection with the Noida land scam. The stock was frozen at a lower circuit of 20% at Rs 194.95. Dealers said “Ellora” Capital and a domestic broking firm founded by a former BSE president were heavy sellers in the stock. Both firms had a “buy” recommendation on the stock. The stock has rallied after its September quarter results exceeded market expectations. The net profit for the company more than trebled to Rs 79.29 crore while revenues rose by 16% to Rs 568.10 crore, according to the company’s filing on the BSE. However, in the past few weeks, investors have booked profits on worries about the rise in Chinese imports.
Src: ET, Bramesh blog, Nooreshtech, Myiris, NCP blog
07 December 2010
06 December 2010
Technicals Frm Various Blog/Webs
State of Global Markets
Well Defined Resistance
Nifty Daily Analysis
Src: NCP blog, SOM blog, Bramesh blog, MKtcalls etc
Market , Stock Reports for the Week
TECHNICAL ANALYSIS: Index Snapshot: Sensex pauses at 20K resistance
The Sensex did a volte-face from around 19,000 last week and rocketed 830 points to end the week 4.3 per cent higher. While the bellwether rallied, surpassing resistances at 19,502 and 19,776, it started losing its momentum on Thursday ...
The Sensex did a volte-face from around 19,000 last week and rocketed 830 points to end the week 4.3 per cent higher. While the bellwether rallied, surpassing resistances at 19,502 and 19,776, it started losing its momentum on Thursday ...
STOCKS: Yes Bank: Buy
Investors with a two-three year horizon can consider fresh exposure to the stock of Yes Bank. With a gain of 23.2 per cent, the bank has underperformed BSE Bankex over the last ...
STOCKS: Polaris Software Labs: Buy
Investors with a two-year horizon can buy the shares of Polaris Softwar
Investors with a two-year horizon can buy the shares of Polaris Softwar
e Labs (Polaris), a company catering to the ...
STOCKS: Consolidated Construction Consortium: Book Profits
Slowing growth, prolonged working-capital cycles, margin pressure and delays in projects suggest a tepid few quarters ahead of construction contractor, Consolidated ...
Slowing growth, prolonged working-capital cycles, margin pressure and delays in projects suggest a tepid few quarters ahead of construction contractor, Consolidated ...
Investors building a portfolio of funds can consider adding HDFC Equity to their ...
Investors can retain their units in Kotak-30 Fund, based on its five-year performance. The fund's three-year performance record, however, slipped when compared with peers. Lack of flexibility in entering stocks that offered opportunities, ...
TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 1,006.4)
The stock rebounded from Rs 960 last week by gaining 4.5 per cent. If the stock stays above Rs 996, it could head higher to Rs 1,035 (200-day moving average) and then Rs 1,050 in the days ahead. Short-term traders should tread with caution as ...
TECHNICAL ANALYSIS: Sizzling stocks: BGR Energy Systems (Rs 746.7)
BGR Energy Systems recouped its 20 per cent tumble during the last week of November by skyrocketing 30 per cent last week. This up move has been accompanied with extra-ordinary weekly volume. The stock is currently facing significant ...
BGR Energy Systems recouped its 20 per cent tumble during the last week of November by skyrocketing 30 per cent last week. This up move has been accompanied with extra-ordinary weekly volume. The stock is currently facing significant ...
TECHNICAL ANALYSIS: Covered call on Nifty
Index Strategy. CNX Nifty's successful bounce back from the lows seen in the previous week does bring in a sense of confidence. However, traders may do well to rein in their enthusiasm till such time the bellwether breaks past 6,070, its ...
Index Strategy. CNX Nifty's successful bounce back from the lows seen in the previous week does bring in a sense of confidence. However, traders may do well to rein in their enthusiasm till such time the bellwether breaks past 6,070, its ...
Src: MYiris, Businessline
02 December 2010
01 December 2010
Monring Calls ( December 2010 Starts)
Quick Technical View on Large Caps -
Heard on the Street
Technical calls for intra-day
Rajesh Exports, Tata Steel, Educomp Solutions >>more
Intraday F&O calls
FT, BPCL, Kotak Mahindra Bk >>more
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