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25 October 2009
Srisai's Instinct Stock Calls
This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...
Date: 26.10.2009
Nifty Future: cmp 5007
NFut little weak below 5063 levels... Upside only above 5063-5087 levels.... So keep watch on this... Downside supports are at 4970-4957-4930 levels.
Reliance Industries: cmp 2046
RIL stocks down 4% on Friday as Hardy Oil abondons KG-D9 block process.
But In my point of view Market has Over-reacted on this announcement... From the Media sources, I came to know some facts.... RIL Exploration Success Ratio is ( 60%) Bigger than Global Success Ratio of 40%... So No need to worry about this Abandon. And KG D9 Block as not as much important as KG-D6 block...
So If RIL falls below 2000, Use that lows as Buying opportunity for short term..
Supports are at 1970-1927-1906 levels...
BajajHindustan: cmp 233
Year high nearly comoing around 240 levels.... So if it breaks that levels with Huge volumes, then it could move 252-265 levels soon... Supports at 227-215 levels....
Polaris: cmp 170
Polaris is trying very hard to cross levels 173-175 in last two sessions... and also not going below of Rs 165 levels.... So decision is yours whether to short/go Long...
Supp: 165-160 levels. Resi: 173-175 levels.
EssDee Aluminium: cmp 373
I have tried this stock continuously while crossing 375-385 levels... some thing there in that range...That is stock struggles in that range... So risk traders watch this stock and make SHORT/LONG with Strict Own Stoploss... Supports may be 348-355 levels...
Amtek Auto : cmp 189
Stock has corrected nearly 20-25 % in last few sessions.... Buy this at further correction in Small/Medium quantities.... Stock's 50 simple moving avg is at 185 levels... S try this stock in small qty with own stop loss... Other supports are: 177-172 levels....
Again Says Keep Strict Given StopLoss/Own StopLoss in All Trades.....
Srisai
24 October 2009
RIL slumps 4% as Hardy boys pull out of KG-D9 well
MUMBAI: Reliance Industries fell 4% after its minority partner Hardy Oil & Gas of the UK said it was abandoning exploration at a well in the Although analysts have not factored in revenues from the block for Reliance earnings forecast, the fall was in part mirroring the crash of Hardy’s stock in the UK where it faced the worst-ever falls. Hardy crashed 37% to 345.25 pence in early London trading. RIL fell Rs 86.25 to close at Rs 2047.30 on BSE. The British explorer, which owns 10% stake in the field, said it would discontinue drilling at the KGD-A1 well, the first of a four-well programme at Block D9 in the Krishna Godavari basin, as it encountered “poor reservoir sands in the middle and lower Miocene target levels.” “The market has overreacted to the news as it was on the edge with stretched valuations,” said Amitabh Chakraborty, president of equities at Religare Capital. “For me, it seems to be an excuse for profit-booking.” Hardy in May this year had said that it estimated the prospective resources at Block D9 at 10.8 trillion cubic feet of gas and 143 million barrels of oil, almost equal to the reserves in the country’s most prolific KG-D6 block, whose monetary value is estimated to be $50 billion. It was then pulled up by the Director General of Hydrocarbon (DGH) saying it was premature to publicise the prospects of reserves. Reliance, which surrendered a third of the 45 exploration blocks to the government for unsuccessful exploration with sunk cost of Rs 1,400 crore, said on Friday it would not surrender this block, but would drill three more wells. “The data obtained from this first exploration well is significant and will be integrated with the existing geological model to improve the understanding of the geology and petroleum system within the block before drilling subsequent wells. Any rumour of RIL surrendering this block is completely baseless,” added the RIL statement. Analysts also believe that this is not the end of the road for RIL and Hardy in this block. “Exploration is a high-risk-high-reward game. Based on results of drilling one well, you cannot decide the prospects of the block. Cairn has discovered oil in Rajasthan after Royal Dutch Shell abandoned that block,” said an analyst with an international firm. Hardy is not throwing in the towel either. “We did not find a reservoir of good quality, so we have abandoned this well. We are looking at the data to plan our next drilling sequence. So far, we have drilled nothing in this block,” Hardy COO Yogeshwar Sharma told ET NOW. Early this year, RIL joined the league of global deepwater operators by putting its D-6 gas field into commercial production and doubling India’s natural gas production. RIL has started production of one oil find and two of the 18 gas discoveries in KG-D6. Its plans for nine satellite finds in the block as well as six discoveries in NEC-25 are yet to be approved by the government. |
RIL to drill more wells despite failure in KG-D9 Reliance shares fall after partner says to abandon well
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Hardy abandons exploration in one D9 well of KG basin
Article Src: Economictimes, Businessline.in
23 October 2009
Hardy Oil to abandon 1 well in KG D9 block; RIL stock down
Hardy Oil to abandon 1 well in KG D9 block; RIL stock down
UK-based Hardy Oil and Gas, which has 10% stake in Krishna-Godavari D9 block on the east coast of India, will abandon exploration of one well. The Hardy Oil stock was down 36% on the London Stock Exchange on the announcement.
In response, RIL said it would comment only after informing the Directorate General of Hydrocarbons (DGH), the government body that overlooks the management of oil and natural gas resources in
The DGH in June had complained to market regulator Securities and Exchange Board of India (SEBI) when Hardy had “prematurely” announced its assessment of reserves in the KG blocks.
Market Watch: Sensex trips on profit booking; RIL, L&T weigh
RPT-UPDATE 1-Reliance shares hit as partner says to abandon well ...
Reliance down as Hardy Oil abandons well in KG D9 block
Reliance down as Hardy Oil abandons well in KG D9 block | |
India Infoline News Service / 02:26 PM , Oct 23, 2009 | |
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Hardy holds a 10% stake in the D9 block while, Reliance Industries is the operator, with a 90% stake. | |
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Src: All Leading Websites...
Srisai's Instinct Stock Calls
This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...
3-5 calls will be given in every SRISAI's INSTINCT STOCK CALLS.
Date: 23.10.2009
Nifty Future: cmp 4998
NF Resi Seen at 5063-5087... Upside to resume only crossing this level. Supports pegged at 4970-4957-4930-4905 levels.
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Today Results: ITC, BHEL, NTPC, JSW, HCC, PunjLloyd etc
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SRF:
cmp 202
Supports at 193-188 levels. If falls to that levels Try LONG with Rs 5 as Stop Loss.
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Prism Cement: cmp 43.60
Stock Has strong support at 42-39 range.. So try this Stock for LONG for a tgt of 46-49 levels.
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UNitech
Cmp : 100.6
Unitech has support at 95-97 levels... If breaches this , then may test 88 range... Upside resi @ 103-108 levels. SO decision is yours...
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Jubilant
Cmp 211
Stock has down nearly 25% in recent times. Good set of results... Accumulate for INvestments
Top 5 picks of the day
ET Bureau
Indian shares fell for the third straight session and closed 1.3% lower on Thursday to their lowest in two weeks, hurt by a decline in global equities and as results from engineering firms failed to cheer. The 30-share BSE index, Sensex, closed 1.29% or 219.43 points lower at 16,789.74, its lowest close since October 9. Only 6 of its components closed in the red.
Check out top five picks of the day by Anu Jain, vice-president, IIFL Pvt Wealth Management
(Views expressed are personal. The chartist may have interest in some or all the stocks.)
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Recommendation: Sell |
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More on this: Top 5 picks of the day
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Mid-term picks
ET Bureau
Broking house Sharekhan has suggested following five stocks for mid-term picks of the day.
DISCLAIMER: The views expressed in these pages are from brokerages, analysts and fund managers. Readers should seek professional investment advice before acting on any recommendation. ET does not associate itself with the choices.
Click NEXT to see the Mid-term picks.
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More on this: Mid-term picks
Src: Economictimes.Indiatimes.com
21 October 2009
Top five picks of the day and Heard on the Street : ET
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Domestic shares closed 0.6% lower in see-saw trade on Tuesday, pulled down by Reliance Industries (RIL) on investor nervousness over the start of a court hearing in the energy giant’s dispute with Reliance Natural Resources (RNRL). |
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More on this < Top five picks of the day>
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New releases, multiplex expansion lift K Sera The stock price of K Sera Sera has gained close to 35% in the past one month alone. The buzz is that the company is betting big on some of its new releases that are in the pipeline. It has made an investment of close to Rs 100 crore in about 10 movies, out of which two will be released shortly. Some of its past blockbusters include Guru, Partner and Sarkar, among others. The stock, trading at its 52-week high, closed at Rs 21, down almost 2% from its previous close on huge volumes. Brokers say the firm is also planning to set up a chain of smaller version of multiplexes (having lower seating capacity) in tier-II cities in the next few months. The expansion would be part-funded with the money it recently raised in the GDR market. When contacted, a senior company official confirmed the developments, but refused to divulge details on the same. ISP licence buzz triggers selective buying in Zylog THERE’S a selective buying in Zylog Systems shares, following a buzz that the Chennai-based company has completed its Wi-Fi pilot project. It is expected to put in place about 4000 Wi5-enabled nodes against 250 currently installed in Chennai, within a year to make its entry in the ISP business. It has obtained a category-A internet service provider licence to operate in all DoT circles. Similar Wi-Fi services will be made available in Bengaluru, Delhi, Mumbai, Hyderabad and Kolkata. The stock closed at Rs 343, down almost 1.9% from its previous close, after gaining close to 5% in the past one month. The company may also lease its infrastructure and expand overseas, after complete services rollouts. When contacted, a senior company official declined to comment on the development. India Inc’s funds hunt a boon for small i-banks THE sharp surge in fund raising among India Inc, especially among the mid-tier Indian corporates, has proved to be a bonanza for small boutique investment banks. With M&A deals few and far between in the current environment, many of these boutique investment bankers are looking at innovative strategies to boost their business. For instance, in the event that a small or mid-sized company was to approach a boutique bank to do a QIP, these banks, which come in as advisors, turn to large domestic or foreign brokerages with the FII and FI connectivity to place the trade. These tie-ups are at best informal understanding where boutique banks are trying to lever on the brokerages distribution size and network. Contributed by Apurv Gupta & Deeptha Rajkumar |
Src: Economictimes.Indiatimes.com
19 October 2009
8 stks that were buzzing last week and how to trade them now
Bank Index advanced 8.3%, SBI zoomed 17.8%, ICICI Bank gained 6.5%. The Metal index surged 8%, Jindal Steel & Power rallied 16%, SAIL and Tata Steel surged 6.8% and 6.5% respectively. The top index gainers this week were Cairn India up 11.8%, TCS up 6.3% and RIL up 5.3%. However, telecom stocks like Reliance Comm and Bharti lost 6% and 5.3% this week respectively. Mehraboon Irani, VP-PMS, Centrum Broking, Technical Analyst, Sudarshan Sukhani and Dipan Mehta, Member, BSE/NSE discussed various stocks. They were bullish on Unitech, Torrent Power, Hindustan Unilever (HUL), Jindal Steel & Power, LIC Housing Finance and SBI while were bearish on Bharti Airtel. However, they had mixed views on Larsen and Toubro. |
Next page » |
More about:<8 stks that were buzzing last week & how to trade them now >
Src: Moneycontrol.com
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Deadpresident Blog Updates:
Jindal Steel and Power
Clutch AutoTTK Prestige
Diwali Picks - Oct 18 2009
Analjit Singh to hike stake in EIH: reports
Polaris SoftwareBajaj Auto, Jindal SAW, Container Corporation, India Energy, Valuations
Infotech Enterprises, HCL Infosystems, Hexaware, Infotech Enterprises
FMCG Sector
Src: Deadpresident BlogBullish sentiment in new Samvat
Brace for short-term correction.
The market continued to find new legs as it made net gains on strong volumes. The Nifty rose to new 2009 highs and closed at 5,142 points for week-on-week gains of 3.98 per cent. The Sensex behaved similarly, rising to 4.08 per cent to close 17,322 points. The Defty jumped 4.75 per cent as the rupee shot up.
Volumes were good all week and extraordinarily high on Friday. (This analysis is being written pre-Diwali session, where trading is usually token). Advances outnumbered declines and a large number of stocks were heavily traded. FIIs remained big net buyers while domestic institutions sold through most of the week. The BSE 500 rose 4.26 per cent while the Nifty Junior rose 6.4 per cent.
Outlook: The market reconfirmed its bullish status and the new upside targets would be in the range of Nifty 5,300. However, there could be another short-term correction next week pulling prices back till around the 4,950-5,000 level. Positive FII attitude remains a critical driver.
Rationale: The sequence of higher highs confirms that both the bullish long-term and bullish intermediate trends remain intact. However, the intermediate trend is now 13-weeks old and could reverse anytime. The market is overbought in the short-term. A fall below 4,900 would signal intermediate trend reversal with a target of 4,750.
Counter-view: High volumes and a series of new 2009 highs in pivotal stocks implies the market could continue to head North for an un-definable time. Balanced against that, this last burst of trading may have been triggered by traders exiting positions. Normally Indian operators ease off around Diwali and domestic institutions are also net-sellers at the moment. Hence, the FII attitude is vital to market direction – if they sell heavily, there will be no counter-parties at current prices.
Bulls & bears: A large number of pivotal stocks hit new 2009 highs last weeks and most were backed by strong volume expansions. Metals, for example, made a comeback with Sterlite, Sesa Goa both doing very well. Banks as a sector jumped over nine per cent with leaders like SBI and ICICI Bank both hitting new highs. Real estate also bounced up. Outside these sectors, there were scattered winners such as PTC, GVKPIL, Cairn, etc. This sort of pattern suggests further gains but it also sets up a tempting scenario for profit-booking and almost by definition, the market is overbought, with many individual stocks being over-extended and far ahead of reliable supports. Use trailing stop-losses to lock in profits, if there is a sharp reversal.
MICRO TECHNICALS
Bharti Airtel
Current Price: Rs 326
Target Price: Rs 345
The stock may have seen a selling climax due to the intensifying competition, which has led to a tariff war among existing service providers. The stock fell on sustained hammering from Rs 435. On Thursday-Friday, there was volume multiplication without a further fall. This suggests all potential selling has been absorbed. Keep a stop at Rs 315 and go long since it could bounce till Rs 345.
Indiabulls Real Estate
Current Price: Rs 290.95
Target Price: Rs 270
The stock has run into resistance between Rs 290-300, which has remained despite very high volumes. On a correction, it could fall till Rs 270 or lower. Keep a stop at Rs 295 and go short. If it does break Rs 295 and closes above Rs 300, reverse and go long with a stop at Rs 290 and a target of Rs 320.
Power Trading Corp
Current Price: Rs 103.8
Target Price: Rs 115
The stock has made an extraordinary breakout on a big volume expansion. The formation's target would be about Rs 115. Keep a stop at Rs 101 and go long. Book 50 per cent profit at Rs 110 and move the stop up to Rs 106.
Sesa Goa
Current Price: Rs 354.7
Target Price: Rs 380
Sesa Goa’s stock is making a sequence of successive record highs. Because of this, it is impossible to calculate a reliable target, however projections of Rs 380 appear to be reasonable. Traders are advised to keep a trailing stop at Rs 345 and go long at the counter. Raise the stop by 10-units for every 10-unit rise in the share price.
ICICI Bank
Current Price: Rs 959
Target Price: Rs 1,010
The stock had a breakout to a 2009 high on strong volume expansion. It is difficult to calculate a target since anywhere between Rs 970 and Rs 1,010 is possible and there is no recent price history. Keep a stop at Rs 945 and go long. Raise the stop 10-units on every 10-unit rise.
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Market has great run in '09, but '92 was better
Bull's Eye: JSW Steel, Polaris Software, NHPC, HDFC Bank
Top A-Group gainers in Samvat 2065
Src: Economictimes, Business-standard