Morning Views - 09.11.09 (From ET,BS)

Intermediate trend reversal?

A short-term correction inside a continuing intermediate downtrend

The market bottomed and turned around in what seemed like a short-term correction inside an intermediate downtrend. The Nifty was up 1.8 per cent at 4,796.15 points, while the Sensex was up 1.65 per cent at 16,158 points. The Defty was ahead 2.46 per cent with the rupee hardening again.

FIIs stopped selling and became token buyers while domestic institutions continued to be steady buyers. Volumes remained high. Smaller stocks outperformed the pivotals with the Midcaps up 3.9 per cent while the BSE 500 gained 2.47 per cent and the Junior rose 4.26 per cent.

Outlook: This looks like a short-term correction inside a continuing intermediate downtrend. There is resistance between 4,850-4,950 and the current move is likely to fizzle out somewhere in that zone within the next two sessions. In the next downtrend, it would be interesting to see if successive supports at 4,700-4,750 and 4,500-4,550 held.

Rationale: The market has corrected from the 2009 high of 5,181 (October 20) to a low of 4,538 (November 3). If it has established an intermediate downtrend starting October 21, that low of 5,538 will most likely be broken. Using Fibonacci retracements, the up move from 3,918 (July 13) to 5,181 (October 20) should be followed by a correction that lasts 4-6 weeks minimum and corrects to 4,700, 4,550, or 4,400.

The first two levels were hit in the first two weeks of the new trend. But the likely time period of correction is not over. So, the third level (62 per cent retracement) is likely to be hit. The Exponential 200 Day Moving Average is around 4,300, which reinforces support at 4,300-4,400.

Counter-view: We've seen before that intermediate downtrends within a long-term bull market are often short in terms of time and mild in terms of levels. Correction levels have already matched and it's possible that the time period will be truncated. If it happens, it will need to be driven by enthusiastic FII buying. A new intermediate uptrend would be signalled by climbing past 5,050 and confirmed only by beating 5,181.

Bulls & bears: The pullback was quite broad as indeed was the earlier slide. Stocks from all sectors participated. However, the CNXIT underperformed, probably because of rupee strength. Banks and real estate counters were among the stronger contributors to the recovery. Sugar continued to remain in a bull run that is disconnected from other market movements.

Metals, airlines and PSUs all jumped, apparently on news-based triggers. Traders should be selective about entering PSUs since many of them are noticeably illiquid. Auto stocks remained depressed. Some shuffling out of defensive FMCG counters into more aggressive plays appears to have occurred since HUL and ITC under-performed. The other defensive sector, pharma continued to do well.

MICRO TECHNICALS

JET AIRWAYS
Current Price: Rs 465
Target Price: Rs 485

The stock has seen enhanced volumes and pushed to a new 2009 high suggesting a recent reversal of the long-term trend. It has a likely target of Rs 485-495, where it will hit heavy resistance. Keep a stop at Rs 455 and go long. Book profits above Rs 485.

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POLARIS
Current Price: Rs 166.3
Target Price: Rs 175

The stock has gained over 300 per cent since March. It made another surge on high volume. There is resistance near the 2009 highs, starting at about Rs 175. Keep a trailing stop at Rs 160 and go long. Book 50 percent profit at Rs 175 and move the stop up to Rs 170.

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J P ASSOCIATES
Current Price: Rs 228
Target Price: Rs 240

The stock has seen a V-shaped recovery on good volumes from a bottom at Rs 190. It could rise till Rs 240. But there is a large downside if current support is broken. Keep a stop at Rs 225. Go long with a target of Rs 240. If the Rs 225 stop breaks, go short with a target of Rs 215.

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RCF
Current Price: Rs 73.5
Target Price: Rs 80

The stock shot up on massive volume expansion once the new PSU public holding policy was announced. There's plenty of resistance above the current price but it probably has sufficient momentum to reach Rs 80. Keep a stop at Rs 71 and go long.

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HCC
Current Price: Rs 134.1
Target Price: Rs 145

The stock has crossed a key resistance on high volumes. It has a target projection of Rs 145, which is close to the 2009 high. Keep a stop at Rs 131 and go long. Clear the position between Rs 142-145 because it's unlikely to beat the Rs 145 mark.

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Strategic moves 09-NOV-09 After a sharp correction at the start of the week which saw Smart Portfolios slip into the red, the markets bounced back sharply and recouped losses.

Markets at a glance 09-NOV-09 The markets staged a recovery after a steep correction during the first half of last week.

Sensex may fall 10% 09-NOV-09 India’s stock market may fall by as much as 10 per cent within six months as company earnings fail to meet expectations, according to Pankaj Tibrewal, manager of the country’s best performing equity fund this year.

High volatility on the cards 09-NOV-09 High turnover and high volatility characterised trading last week.

Intermediate trend reversal? 09-NOV-09 The market bottomed and turned around in what seemed like a short-term correction inside an intermediate downtrend.

Go long 09-NOV-09 The increased competitive intensity between wireless telephony service providers has not only had a dampening effect on the stock prices but is also reflecting in their September 2009 quarter results.

Analysts' corner 09-NOV-09 IVRCL's second quarter numbers were in line with expectations.

Provisioning issues 09-NOV-09 The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more.

'We will turn profitable in FY11' 09-NOV-09 The country’s largest film and entertainment services company Reliance MediaWorks (earlier known as Adlabs Films) has seen a 37 per cent growth y-o-y in revenues to Rs 189 crore but is still making losses at the net level for the September quarter.

Making a comeback 09-NOV-09 Financial intermediaries such as the broking companies, whose fortunes are closely linked to the markets, had a tough time till early 2009.

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Attractive midcap, small stocks can be risky

Top 5 picks of the day | Mid-term picks

RIL closes in on big-bang overseas acquisition

Analyst's Pick: Mindtree
9 Nov 2009, 0834 hrs IST

Mindtree appears to be in favourable spot in the R&D offshore market (45% of company revenues) and cyclical IT services market.

Analyst's Pick: Tulip Telecom
9 Nov 2009, 0833 hrs IST

Edelweiss rates Tulip Telecom (TTSL) as a 'Sector Outperformer' on a relative return basis.

Analyst's Pick: NTPC
9 Nov 2009, 0831 hrs IST

NTPC hinted that it might miss its target of adding 22 GW capacity in the 11th five-year plan (FY08-12).

Analyst's Pick: Jindal Steel & Power
9 Nov 2009, 0830 hrs IST

Goldman Sachs is downgrading Jindal Steel to 'Neutral' from 'Buy', with a revised target price of Rs 625.

Analyst's Pick: Federal Bank
9 Nov 2009, 0827 hrs IST

Citigroup maintains 'Buy' rating on Federal Bank. Federal's Q2FY10 profits were 20% below estimates largely due to asset delinquencies and higher loan-loss charges.

Analyst's Pick: Patni Computers
9 Nov 2009, 0825 hrs IST

Morgan Stanley maintains `Equal Weight'rating on the stock at the revised price target of Rs 425.

Nifty to get support at 4700-4600 range
9 Nov 2009, 0102 hrs IST, Devangi Joshi

With the weekly gain of 84 points, Nifty has managed to stay afloat above its 20 week moving average. For the coming sessions, the Nifty would look at 4640 due to the presence of the 100-DMA around that level.

Possible intermediate uptrend starting, buy stocks with clear uptrends: Deepak Mohoni

India Inc's Q2 results do not provide strong signs of recovery
9 Nov 2009, 0812 hrs IST, Santanu Mishra

The September 2009 quarterly result of India Inc does not provide strong signs of recovery. Investors need to watch next two quarters before jumping into any conclusion.

High premium IPOs may mar chances of quick return for retail investors
9 Nov 2009, 0755 hrs IST, Krishna Kant

Potential disinvestment candidates include some of the most profitable PSUs but given the recent experience the IPOs could be at a high premium minimising the chances of a quick return for retail investors.

Private trusts for children making a comeback
9 Nov 2009, 0749 hrs IST, Kiran Kabtta Somvanshi

Private trusts for children had its glory days in the 80s when every other film had such a thing in the storyline. It's seeing a comeback as several parents are turning to it.

Analysts' Picks: Mindtree, Tulip Telecom, NTPC, Jindal Steel & Power, Federal Bank, Patni Computers
9 Nov 2009, 0743 hrs IST

Analystss take on Mindtree, Tulip Telecom, NTPC, Jindal Steel & Power, Federal Bank and Patni Computers.

Consider PNB for long-term investment
9 Nov 2009, 0732 hrs IST, Karan Sehgal

Punjab National Bank has outperformed its peers on all important parameters including growth, asset quality and margins. Investors should consider it for long-term investment.

Valuing bonds and dollar not easy anymore
9 Nov 2009, 0722 hrs IST

The ad-hoc combination of quantitative easing, government stimulus packages and zero-interest-rate policies has distorted markets beyond recognition.

Bajaj Electricals glowing with progress
9 Nov 2009, 0712 hrs IST, Devangi Joshi

Consumer, as well as infrastructure oriented business activities make Bajaj Electrical a good buy on dips.

Chettinad Cement on growth path
9 Nov 2009, 0706 hrs IST, Amriteshwar Mathur

Chettinad Cement has increased capacity but concern over surplus supply in south remains.

Retail is all about scale: Kishore Biyani
9 Nov 2009, 0656 hrs IST, Supriya Verma Mishra

What can Pantaloon shareholders expect in future? ET Intelligence Group finds out in a conversation with the company's managing director Kishore Biyani.

Silver possesses good investment potential
9 Nov 2009, 0650 hrs IST, Devangi Joshi

While gold is trading at its all-time high, silver is restricted by its industrial usage. The white metal may, however, benefit from the strong fundamentals of the yellow metal.

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Src: EconomicTimes, Business-Standard

Srisai's Instinct Stock Calls for Dt: 09.11.2009

Srisai's Instinct Stock Calls for Dt: 09.11.2009

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...

Nifty Future cmp 4790

Nifty Future Will face Stiff resi @ 4864-4880 levels... BEARS Will get Happy if BULLS not able to hold/cross this levels... Next Resi @ 4905-4930.... Supports at 4765-4724-4704-4681 levels....


Time TechnoPlast cmp 40

Buy this Stock as Purely Investment Perspective... You can get good returns if you hold this for a 1 year period. Supports at 33 levels...


Mphasis cmp 722

Its IT stock... Stock is running..... running..... in the upper side..... Looks Good.... Supports at 660-630 levelels.... Buy this Stock with Given support(660-630) as Strict StopLoss and Go LONG.... Further Upside is expected...


Adani Enterprises cmp 827

I like this stock very much... Because when NFut at 5150 level this stock was at below 700 range... Now NFut in 4800 range , but this stock is at 800 levels... Looks Good at this level... Year high nearly at 870 levels... Supports at 740-730 levels.. Buy This Stock with 730 as Strict StopLoss... Good return expected in medium term.


JSL cmp 98

(Formerly)Jindal Stainless Steel .

Stock has crossed stiff resi levels of 90-93 in few days ago... But hovers around that level... Take that resi as Support & StopLoss 90-93, Go LONG in this counter... Other Supp at 75-78 levels... Year high was 118.... Good returns expected in Medium term...



By

Srisai..

Teens who are already CEOs of their own companies

Teens who are already CEOs of their own companies


By: Mahafreed Irani, TNN

After the daily grind of school and tuitions, most kids prefer to wind down by harvesting virtual strawberries on Farmville.

But some would rather make money. Meet a new breed of teens who are already CEOs of their own companies. Their success shows that you don’t need a fancy MBA to be an entrepreneur, only broadband and some out-of-the-box thinking.

MOOLAH ROUGE: Mohnish Nagpal, 17 years

Comment Mail to friend

Mohnish doesn’t take a break after college. He starts work at 5.30 pm when his target audience in the US wakes up and logs on to the internet. Nagpal makes money online by telling others how to make money online. His blog: Sensonize.com.

One of his posts, for instance, gives tips to teens who can do with some extra money. It lists blogging , affiliate marketing, paid surveys and writing articles for directories as some of the ways of making money. “Very few people know that you can even earn by tweeting,” he says. With a steady five-figure income, he doesn’t have to worry about pocket money. He even bought himself a six-gear mountain bike recently. “Every time someone clicks an advert on my blog, I get paid for it,’’ he smiles.

This year, Nagpal, who first earned Rs 5,000 off the internet at 13, started Limespace Networks, a website-hosting company that caters to 35 customers . A student of commerce and IT at MMK College in Mumbai, the teenager, who wants to retire at 25, doesn’t think about the future much. His wish may well come true. He has already made it to a list of top international bloggers aged 21 or under on Retireat21.com, a forum for internet entrepreneurs.

GEEK GOD: Monik Pamecha, 13 years

Comment Mail to friend

If you don’t find 13-year-old Monik Pamecha in his room at his Santa Cruz home, look for him at his Wi-Fi-enabled terrace. For, when it gets noisy, this blogger likes to escape upstairs, sit on the water tank and dash out posts to his subscriber base of 16,000.

The self-proclaimed geek runs technology website etiole.com, a networking site for “geeks” called iluvtech.org and URL shortening service hop.im. Pamecha’s sites are so popular he’s regularly visited by PR executives of gadget companies who deliver their latest products at his doorstep in anticipation of a review on his five-year-old blog, Etiole. The blog has 26 other authors who he has recruited from around the world. Each gets paid from the advertising income generated by the website traffic they attract. Apart from reviews, Pamecha posts technology tips. One of his posts is on “five places where you should not keep your iPhone” .

Not content with three websites to his name, Pamecha, a student of Lilavatibai Podar School in Mumbai, is all set to launch a media-sharing website. But he says he couldn’t have achieved so much without his father’s support. Manoj Pamecha bankrolls his son’s ventures, buys him gadgets and advises him on how to take “calculated business risks” .

MEDIA PLAYER: Farrhad Acidwalla, 15 years

Comment Mail to friend

Founder-CEO of Rockstah Media, Farrhad Acidwalla has converted his Dadar Parsi Colony house in Mumbai into a workstation for his web development and media company. Staying up all night on his Mac Book Pro is a habit he’s acquired after three years of juggling business and homework . Acidwalla earned his first cheque at the age of 13.

“I created an aeromodelling and aviation website that attracted a lot of attention and sold it later,” says the HR College student who has a long list of clients including corporates. “I have just bagged clients from the education industry in UK,” he says.

Today, the self-taught web-developer works with a team of web designers, developers, search engine specialists and social media marketers to build and promote websites. He swears by his company’s slogan, “creating awesomeness” , and looks up to fellow web-based businessmen like Ayush Software’s Karamveer Singh, Kratee’s Annkur Agarwal and Mouth Shut’s Faisal Farooqui. “Being young is an added advantage as I can come up with many innovative ideas,” he says.

More about this at Teens who are already CEOs of their own companies

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Heard on the street


Bulls & bears rush to cut market exposure

Even as the market remains divided about whether this is the right time to lock-in profits, the buzz is that some of the leading traders and operators have already trimmed their exposure to stocks, of late. Grapevine has it that Rar(e)ing Bull and Old Fox cut a portion of their stock positions a couple of weeks ago, before short-selling in the market.

Indices fell around 8-9% in the past two weeks of October. It is also speculated that they covered their short positions early this week. Pink Panther, who has been officially banned from trading in Indian markets till 2017, is also rumoured to have created huge short positions in the market.

IFCI back in favour after stake sale talks revive

Financial institution IFCI, which was in limelight in the later part of the previous bull run, is once again finding favour among traders and operators. The stock, which has gained close to 16% in a week, closed at Rs 51 on Friday, up 2.5% from the previous close. Talks that drove up the stock in 2007 have resurfaced now. Speculation has it that the government is looking to revive the process for selling its stake in IFCI soon.

Traders, who had bet on the stock aggressively in late 2007, when it was at its peak, are unlikely to forget the stock plunge after IFCI, in December 2007, called off the process for the stake sale to a strategic partner, after the Sterlite Industries-Morgan Stanley consortium demanded management control.

AMC plans listing as its asset base swells

A FINANCIAL services major, which is planning to list its asset management company in the near future, is striving hard to ramp up its asset base. According to fund industry sources, a swollen asset base would help the financial services

behemoth command higher valuations at the time of public issue.

The fund house, as per industry grapevine, is also keeping distributors in good humour by handing out extra commissions and freebies for bringing money into its schemes. The effort appears to be showing results, as the fund house has gained appreciably in both equity and bond asset bases, of late.

Contributed by Nishanth Vasudevan, Apurv Gupta & Shailesh Menon

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Look at some top picks in the auto sector



Src: Economictimes.Indiatimes

Selloff boon: Govt richer by Rs 50k cr in 1 session

Selloff boon: Govt richer by Rs 50k cr in 1 session

MUMBAI: In just one session on Friday, Dalal Street made North Block richer by over Rs 50,000 crore, before government sold even one share in its

Six remarkable unknown PSUs Six remarkable unknown PSUs India's top 10 business houses

portfolio of companies.

The stocks of government-run companies were on a roll — thanks to the government's decision that at least 10% more stake in all listed PSUs will be divested — as investors rushed in to lap up these scrips.

Consequently, the total market capitalisation of 48 PSU companies went up by about Rs 62,000 crore with the government's share in this increase at about Rs 50,000 crore.

The hectic buying in PSU counters led to some of these stocks hitting the upper circuit limit. For example, MMTC closed the day 20% up at Rs 36,147, while NMDC ended 10% up at Rs 338. Both these are highly illiquid counters because public holding in both these companies is less than 2%. While in MMTC the government holds 99.33%, in NMDC the corresponding figure is 98.4%. ‘‘The government's decision to divest will lead to higher level of floating stocks in these counters and hence the euphoria around these stocks,'' said a dealer at a local brokerage.

Also Read

→ Fresh PSU sale to add Rs 3.2 l cr to M-cap

→ PSU investors richer by Rs 26,000 crore in a single day

→ Disinvestment of listed PSUs worth Rs 25k cr at current price

→ For first time, analysts differ on RIL's earnings growth prospects

Among the 49 listed PSUs, only MTNL ended in the red. Seemingly this was because the government holds 56% in this telecom company and will probably not divest 10% in it due to political and union pressures, market players said.

On Thursday, home minister P Chidambaram, who was earlier the finance minister, announced the government's decision about divestments in PSUs. He also said the government will divest stakes in all the profitable PSUs through public offers.

Market players pointed out that usually decisions about divestments are announced by the finance ministry but in this case it was the home minister who did so. In Friday's market, delivery volumes also went up substantially in most of the PSU counters.


Src: Economictimes < Selloff boon: Govt richer by Rs 50k cr in 1 session >

Heard on the street - ET

Top five stock picks | Top 5 Mid-term Picks

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Heard on the street

Suzlon comes back in style after a losing streak

Suzlon shares were among the biggest gainers on Thursday, rising over 13% to close at Rs 62.50, and snapping a eight-day losing streak that had prompted speculation of the company facing difficulties. The stock rose, even as the company informed stock exchanges that it had pledged additional shares with Indiabulls Financial Services, to which it owes roughly Rs 200 crore.

A person familiar with the development said additional shares had been pledged to provide for margin due to the 34% fall in stock price in less than two weeks. The shares were being hammered on talk that the company was struggling to refinance its foreign currency loans. The dramatic surge in the stock price on Thursday was driven by talk that the company has now managed to refinance close to Rs 10,000 crore of loans.

A leading state-owned bank is said to have provided the wind power company a fresh loan of $465 million. Have the bears called off their attack? Suzlon November futures closed at a slight premium to spot, with open interest rising 2.6%. This could indicate that in addition to covering of short positions, some fresh long positions too may have been initiated.

Bears were hammering the shares in the hope that the company would not be able to meet the margin requirement, thus prompting the lender to offload the pledged shares. While the company may have tided over its liquidity problems, bears seem to be taking heart in the weak operating performance, and are still hoping to rake a neat profit on their short positions.

MF has the last laugh after early fund erosion

EVEN as rivals rejoiced over the approximate Rs 2,000-crore fall in assets under management (AUM) of a leading fund house in October over the last month, officials in the mutual fund in question were actually celebrating. The industry buzz has it that the fund house held a party for its employees on Wednesday to celebrate a fresh inflow of a few thousand crores (sources say in the range of Rs 2,500-3 ,000 crore) into various debt schemes.

Ind-Barath Power to tap IPO market

HYDERABAD-BASED power generation company Ind-Barath Power Infra, which recently got $100-million funding from private equity funds Sequoia Capital and Bessermer Venture Partners, is planning to go public soon. According to an official privy to the development, the company has initiated talks with merchant bankers for the same.

The private equity firms together picked up more than 15% stake in the company, valuing it at over Rs 2,100 crore. This is the second round of private equity funding for the power generator, which has projects in Karnataka, Orissa, Maharashtra and Tamil Nadu. In 2007, Citi Ventures and UTI Ventures had invested Rs 300 crore in the company.


Contributed by Santosh Nair, Shailesh Menon & Reena Zachariah

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Src: Economictimes.Indiatimes.com

Moneycontrol - Its Our 10th Birthday....

http://www.moneycontrol.com/promos/mc10.html

And what a journey it's been! From a site that was just a single Markets page to a multimedia platform integrating text and video, we sure have come a long way!

But before anything else, a word of thanks to our partners in growth. Over the last ten years, YOU, our amazing community of Moneycontrol users, have helped us evolve with constant feedback and advice on a daily basis. Thank you!

We've had fun the last ten years, arming you with essential information and expert insight, helping you keep track of your wealth. We've launched several successful features and services, because of which over a million of you visit it daily, making it India's largest financial site.

Looking forward, we hope to move from strength to strength, maintaining our tradition of launching useful features. And today on our tenth anniversary, we unveil our Newscenter, which we hope will become the one stop destination for news about Indian business and finance. Powered by Network18 brands such as CNBC TV18 and Forbes India, we promise you, it's going to become your fav page on the Net and mobile!

The other is our exclusive tie up with Intuit in India. Intuit, the world's best personal finance software service, will now power your Portfolio. Check it out.

We will also be celebrating this month by bringing you special columns and chats with men and women driving India's Business and Economy. There are also several contests with exciting prizes for you to win. All the more reason for you not to miss your appointment with Moneycontrol!

Here's wishing Moneycontrol the next ten years of success!

Team Moneycontrol

http://www.moneycontrol.com/promos/mc10.html

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The 10 List

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  We at MoneyControl.com, take a look at the top 10 companies that have given MF managers a reason to smile this year.

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  We at MoneyControl.com, take a look at these changes that the BSE has undergone over the last 10 years.

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• Maximum wealth lost for investors in the last 10 years

  

  We take a look at the maximum wealth lost by companies for shareholders in the last 10 years.

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• Maximum wealth created for investors in the last 10 years

  

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• 10 Crucial Tips to Beat the Recession

  

  Financial experts Kartik Jhaveri and PV Subramanyam give 10 tips to stay afloat at a time of financial crisis.

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  We bring you the top 10 companies that have the largest share of FIIs, and hence love the most!

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Srisai's Instinct Stock Calls for Dt: 05.11.2009

Srisai's Instinct Stock Calls from Dt: 05.11.2009

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...


Nifty Future cmp 4705

Nifty Future Levels:

Resi: 4721-4765-4792-4820
Supp: 4681-4654-4633

NFut will face strong resi at 4765-4774 levels... Book Partial LONG Profits at higher side... And Risk Traders go SHORT In Nifty Future at 4765 levels and Keep Strict Stoploss at 4792-4802 levels... Keep Strict StopLoss.


Ranbaxy cmp 397

This Stock struggles to cross 405-410 level in last few sessions... Willl It Break that level or not is the question.... If it breaks 410 levels with good volumes, it can move 421-434 range.. Supports at 388-383-377 levels...


PTC India cmp 108

This also facing strong resi 113-115 levels... Lets See will this to be taken out or not in next few seesions.... Supports pegged at 102-97-93 levels....


Suzlon: cmp 55

SUpports at 51-52 levels.... Not in a Trading zone..... Heavily beaten on Technicals, Bad set of Results.... Purely Investments Perspective Buy this Stock at decline in Part by Part.... Resi @ 57.50-62 levels....


Unitech cmp 82.5

THis stock has resi @ 87.40-93 levels... Risk Traders Go SHORT this stock at 91-92 levels and Keep Strict StopLoss at 95-97.... But in Small quantities.... Supports at 77-73-69-65 levels.....



By


Srisai

Morning Stock Views (05.11.09) - ET

Heard on the street


Buzz on renewal of truck JV lifts Force Motors

Shares of Force Motors have been gaining, of late, on talk that the bus and truck maker’s joint venture with Europe’s third-largest truck and bus manufacturer MAN Nutzfahrzeuge AG of Germany postponed indefinitely in November 2008, is back on track. The stock closed at Rs 223 on Wednesday, and has gained 31% over the past one month.

Young Turk comes into his own as an operator

The younger brother of an extremely low profile, but powerful broker to leading market operators during the late 90s till early 2001, now appears to be coming into his own as an operator. The young Turk, who shares his first name with a Bollywood thespian renowned for his tragedy roles, had been running the family broking operations, after the untimely demise of his elder brother in 2001, in very much the low key style of the latter. During the meltdown in the past couple of weeks, the Turk is said to have reaped a tidy profit by virtue of his short positions in many frontline counters.

Mediaone buyout hunt in Europe gets HNIs’ attention

A few high net worth investors (HNIs) have taken interest in Chennai-based Mediaone Global Entertainment. The buzz is that the company, currently engaged in the exhibition, distribution, production of TV programmes and movie production businesses, is looking to acquire a Europe-based company engaged in production, distribution of Hollywood movies.

The stock closed at Rs 145, flat over its previous close. Grapevine has it that the acquisition will be done by its UK’s wholly owned subsidiary. A senior company official declined to comment on the matter, but said the firm “keeps looking at organic and inorganic growth opportunities”.

Faced with bear hug, co plans PR mission

The relief rally on Wednesday brought no solace for one of the Nifty companies, which continued to be under pressure. The buzz is that the company’s corporate communication team has been frantically calling up equity analysts, and offering to provide any “clarification” that they wanted on the company’s financials.

AK Sridhar may head to lead BoB legal team

AK Sridhar, CEO and head of investments, UTI International Singapore, is learnt to have put in his paper. He is tipped to be headed for BoB Legal & General, the life insurance JV of Bank of Baroda.

Contributed by Deeptha Rajkumar, Apurv Gupta, Santosh Nair and Mayur Shetty

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Top 5 stock picks | Mid-term picks | India Inc in Q2


RIL becomes 1st private firm to buy Cairn crude



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Src:EconomicTimes.Indiatimes.com

Srisai's Instinct Stock Calls from Dt: 04.11.2009

Srisai's Instinct Stock Calls from Dt: 04.11.2009

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...



Nifty Future: cmp 4559

Nifty Future crucial support at 4557 level... If this level does not hold for 2-3 days (Closing basis) further downside expected upto 4420-4300-4230 levels.... Mkt in Oversold region.... PCR ratio is at 0.80 level... So mkt may bounce back in short term (+100 to +150 likely in few sessions)... But NFut will have Strong resi @ 4721-4765 levels...



Dr.Reddy: cmp 1038

Buy Above 1060 level for Target 1135-1150 level.... Keep 1010 as Strict StopLoss...


Reliance Capital: cmp 693

Stock has fallen from Recent high range of 900-930 levels.... I think Almost Worst over for the Stock near term... Go LONG with Strict StopLoss of 630.....
Resi @ 745-775-783 levels.


Gujarat NRE coke: cmp 53

Stock has Good support at 55-56 levels.. Stock may try to cross this and try for 61-62 levels near term.... But If not able to cross 55-56 levels, then it could fall 49-46 levels...


Marico cmp 100

Stock has good support at 88-91 levels.. Keep This Level as Strict StopLoss and Go LONG.... 10-12 % uoside expected... But Keep Strict StopLoss.



GPIL(Godawari Power and ISpat Ltd): cmp 129

Stock has recently breached its Strong resi @ 146 levels... But now stock trades below this.... Stock may try reach that 146 level. So RISK Traders try this stock for LONG positions with Own StopLoss/Risk....


By


Srisai