SUZLON ARE ABLE TO RALLY TO 90, AS MAJOR RESISTENCE SEEN ONLY AT 93.
SATYAM OUR 15 DAYS TARGET OF 175 COULD REACH IN5 DAYS.
BIG BONANZA FOR OUR READERS AND WHO FOLLOW OUR ADVISES.
Last day of the 2008,could touch 10k today.U.S. stocks rose firmly Tuesday to end at session highs, helped by a late rally in financial shares and after the government boosted its aid for General Motors Corp., which in turn said it will offer new financing to lure consumers back into dealers' showrooms.
We recommended yesterday to our readers to buy SATYAM.If you had bought the script at 140 levels , you could had been achieved 15% in one day. Stock still performing ,could reach 175(our traget in 15 days) in soon.
Stocks likely to trade at narrow band.Yesterday U.S market closed lower.Market was traded at 130point down but back to 8484 at the last 30 minute short covering.Crude touch $40, on account of middle east events.This could impact our oil stocks also, such as RPL,CAIRN,PETRONET etc.Market likely to bounce back and close 70-100 point plus.Have nice trading day.
Suzlon likely to continue the rally, stock is now trading at 60.40 and biggest resistence at 61.30-61.60
Stock likely to breake the resistece and advance to 65.
Satyam is likely to advance 148 today and is also good for long term investment at this stage.
Todays target-150
15 days target-175 and more
Market likely to bounce back and close 200 point up.Asian stocks inched higher after a good show by the Wall Street on Friday.The Nikkei 225 Stock Average inched up 5.21, or 0.1 percent, to 8,744.73 on the opening bell.
Satyam Computer Services Ltd said Sunday it is rescheduling its next board meeting to consider options after it canceled plans to buy infrastructure firm Maytas Properties for about $1.6 billion due to investor opposition. The board meeting, now set for Jan. 10, will "broaden the scope of its deliberations beyond a possible buy-back of its stock," according to Satyam Chairman Ramalinga Raju. Possible moves include changing the size and composition of the board of directors and "conducting a review of the company's strategic options to enhance shareholder value," for which it has engaged DSP Merrill Lynch. "Satyam's Board of Directors recognizes the serious nature of certain questions raised by the events of the last two weeks," Raju said.
Because of our end term examinations we couldnt maintain our blog for the last 10 days.We will active from JAN 5.We assure our readers that we will try our best to maintain the blog during the period.
Good moves expect to seen in chambal fertiliser.Stock in very good position likely to surge 5-10% today itself.
Last day tip was Voltas, and it moved 6%.Our success stories continueous.
No confidence at all in market.There is highly chance of positive opening and sliding to flat.When the IIP number come on friday it plummet to negative territory first time in last 15 years.Last number for the same period was 12.2%
U.S closed positively after a strong recovery.Asia also trading now in green but japan Confidence among large manufacturers fell at its fastest pace since August 1974, the Bank of Japan's quarterly tankan survey showed Monday, pointing to a deepening recession and rapidly deteriorating conditions in the world's second-largest economy.Overall negative closing expects and have a nice trading day.
We like VOLTAS today.Go with this sript and could perfrom in 5 days.We expects 5-10% rally.
Our last day tip performance was so good as Both RELIANCE CAPITAL and RELIANCE COMMUNICATION surged 7% and 9% respectively.
Market will open lower by 2%,later we likely to see more selling.We are still couple with wall street.And we not belive to decouple it soon.Traders go with sugar stocks could be better today.
We stated yesterday that ,not confident on the current rally in dowjones.Yesterday the mood twisted again.Its after the unemployement data out,which surged to 573000 from 515000 of 30/11/08.The number of people collecting unemployment benefits rose by 338,000 to stand at 4.43 million, also the highest since late 1982.When talk about export price average ,it slide more than 100%.Export/import prices are a useful indication of inflation pressures created by changes in foreign exchange rates.Over all economy is not in good condition and we are not sure the lowest we seen is the depth.
Japan's Topix drops 0.7% to end morning at 843.19
Japan's Nikkei ends morning down 1.3% at 8,610.18
China's Shanghai Composite sheds 1.4% to 2,003.49
Hong Kong H share index down 1.8% at 8,337 in early minutes
Hang Seng Index down 1.6% to 15,360.36 in early trading
Japan's Nikkei ends morning down 1.3% at 8,610.18
China's Shanghai Composite sheds 1.4% to 2,003.49
Hong Kong H share index down 1.8% at 8,337 in early minutes
Hang Seng Index down 1.6% to 15,360.36 in early trading
Our tip NEYVELI performed yesterday itself.It had surged 8% yesterday.Go through todays tips also.
Our team likes ADAG stocks today as because of there is some positive news or rumors on these stocks in market.You can buy RCOM or R CAPITAL.Both are likely to perform today also.
No rally expects today.Flat tading is on cards.It is very difficult to predict today that market behvaviour.Dont jump in to market as the very volitile session is ahead.Some bit recovery in midcap can be seen rather than large caps.Today comes some more economic datas in United States this would be negative according to our view.Job initial cliams seen to be worst than the last week number.Have a nice trading day.
U.S again closed on green on the hopes of auto bail out.This is second day dow continuing positive on the hopes.There were whole sale index numbers which was very worst and The monthly Treasury budget data follow strong seasonal patterns which produce huge month-to-month fluctuations in the deficit. These fluctuations tell us little about long term budget trends. To the extent that the market analyses the monthly Treasury data, the focus is on year/year changes in receipts and outlays, since the data are not seasonally adjusted.These numbers tells very bad situation so we are not cofident the recovery in Dowjones.
NEYVELI LIGNATE
Very attractive position,could see some break-out today itself,or with in this week.60 is our target.
U.S. stocks retreated Tuesday, putting the brakes on two sessions of gains, as companies including Texas Instruments Inc., FedEx Corp. and Danaher Corp. offered gloomy earnings projections.Market likely to open higher and further slides to lower in cards.
Lets check our friday tips performance.
Mercator lines Recommended at 23.3 and it surged to 25 during the day trade.That is 7.30% up in single day.
Auobindo pharma recommended at 108.45 and we seen a rally to 122.45 friday itself.That is 14% up.
Satyam computers at very attractive value.Like to see a good movement on this counter.
Technicals
Immediate resistence at 233.20 and 236.50
Supports at the closing pice friday that is 225.15
South Korea's Kospi index up 2.3%
New Zealand's NZSX-50 rises 1.1%
Australia's S&P/ASX 200 climbs 3.2%
Japan's Nikkei 225 Index up 0.9%
Hong kong's HANGSENG up 3.3%
Right after the action by United states,Japan ,Indian authorities also looking now for a stimulus package to economy.Indian government announced yesterday an $4.1 billion financial package to amid the financial slowdown in country.Government is also cutting 4% of VAT in various cateogries to encourage the consumer spending.Earlier RBI eased interest rates of repo and reverse repo by 100 basis points.Repo rate will be 6.5 and reverse repo will be 5% ,effective 8 December.
We recommended HCL TECH and IBN18 yesterday.Among these IBN18 touch 100 yesterday itself.That is 10% up in intraday.When talking about HCL TECH it didnt show much response yesterday, but is ready for a rally.Team dalalsecurities is striking again and again.
BUY AUROPHARMA
support at 105.05 and resistence at 111.75 and 114 is our target in one week.
and BUY MLL
support at 22.90 and resistence seen at 25.30.Our target is 26 in one week.
SEBI restricts early exists of investors in closed ended funds.Yesterday SEBI said that investors have to wait for the maturity period to exit.These fund have to list in stock exchanges for the trading purpose.SEBI also said that these funds have to invest in instruments in line with their maturity profile.
SEBI force to introduce these new norms on the highlights of huge withdrawal from investors by fearing credit problems.The latest norms will applicable to new munds only.
January crude-oil futures down 2 cents at $43.65
New Zealand NZSX-50 up 0.04%
South Korea's Kospi up 0.6%
Japan's Nikkei 225 up 0.02%
Australia's S&P/ASX 200 down 0.5%
New Zealand NZSX-50 up 0.04%
South Korea's Kospi up 0.6%
Japan's Nikkei 225 up 0.02%
Australia's S&P/ASX 200 down 0.5%
Indian markets likely to open lower and could back to positive .Yesterday we seen selective buying by FIIs.Today also there is possibility to continue.If the buying habits back to the market we can decouple from the U S market but ultimately there would be some impact.FIIs from other parts of world could come to india as it is more safer than other asian countries like Japan,Honkong and china.When comparing with these India is most fundamental and less affected the global slowdown.
U S stocked closed down after the two days advance.Retail sales and news of possilble lay off in AT&T and Dupont Co. are the factors which brought Dow to down.When we talking about initial claims ,it was better than expected.Our team expected 540k against 509k outcome number.But the factory orders were much ugly.It down to -5.1% from -2.5%.The down ward movement in factory number shows slowdown in growth,slowdown in factory production etc.This could easly spread to GDP numbers.
Buy HCL TECH and IBN18 ,both could rally today itself.5-10% rally expects in these scripts
Dow inally managed to close at higher point after a very volitile session.Dow surged in late trading on the news that U S treasury department is planing to lower the mortgage interest rate to as low as 4.5%.The mortgage association of united states of america also find that there was huge increase in application for the new mortgages in month of november.There is also some bad news that RIM decreases its outlook of Black berry for the next year, and ADP reported 250000 lay off in private sector in month of november.
India likely to open and trade at positive territory.Some announcement from the part of RBI and Government are expects.For nifty intraday resistence and support please see the sidebar.
Sell yes bank at current levels and cover it at lower levels.Share is likely to go down to 55.45 today it self.
About our yesterday s tip SUZLON slide after it surge to 4% higher.Readers who follows our advise benefited lot.We are still optimistic on this scrip.You can bottom fish on this share.
U.S. stocks stumbled on Monday, with the Dow industrials sliding nearly 680 points, as economic reports from around the world compounded anxiety about a global recession.Stocks fell further after a report showed the manufacturing sector of the U.S. economy slumped at the fastest pace in 27 years in November.Dalal Street is likely to open lower on the back of weak global cues and worsening global sentiment.We would like to take a contrarian view and predict a bounce in the index after a lower open.
The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER. The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it looks at four key monthly economic indicators, including employment, industrial output and sales. Employment peaked in December.
Our team expects SUZLON will bounce back.We had recommended the stock on thursday ,still we stick on the script.
Technicals of script
Resistence at 42.70 and Support at 41.50.
Market likely to open higher.When talking about asian market ,japan is trading lower because cold reports on car sales.Today is the first day of december series,could see a 400 point rally in sensex.The GDP numbers ending Sept came up better than expectations, eventhough they are lower than the previous quarters. The economy expanded at a 7.6 percent for the quarter ending Sept 30, which is the lowest since 2004.Have a nice trading day.
Global markets are up.But we still in a gloomy mood.Volatility could happen through out today,as airlines and hotels could enter in to deep correction.More over november series ends today.Investors could treat this as an oppertunity for bottom fishing but traders please move back.Clueless market,not for speculation.
Indian markets will keep shut ,no trading today.The expiry day has been transfered to friday.
80 people killed and 250 and more wounded in the attacks which happened in late night in our financial capital by Deccan mujahuddien.Gunfire and explosions were heard at the landmark Taj Mahal hotel and thick plumes of smoke rose from the building, witnesses said. There were also explosions at the Oberoi hotel and firing at a hospital where gunmen were surroundedWe express our deep condolences to the affected persons.
Idea and DLF was our tips of 25/11/2008.At that time their position was 46 and 191 respectively.Idea recorded 48.45 yesterday intraday itself and DLF performed today , with a valuable closing of 198.60 means 5% change in two days.
Go for suzlon energy ,good chance to perform.Now it is trading at 40.75 expects to come back to 45 in any time.
Support and resistence
Support at current levels seen.
resistence at 42.20
Idea started with a gain and showed 4.5% gain intraday.But it cant face the heavy selling pressure happened on afternoon and closed in much lower price.Please keep the resistence and support that given by our team, and if you feel it is not breake the resistence or not hold on the supports ,close your possission on the scrip and book your capital.This is because of market is clueless for next two days.
First we like to ask a very sorry. Some technical problem caused us late.
We asked our readers yesterday it self this is not a good market to trade for atleast untill expiry.Huge variations expects for the next two days.Yesterday dowjones closed in positive, it was the third day closed with such a fashion.Dow future is now trading in negatives must set to hear the initial claims numbers tonight.In india we are not much confident untill friday.RBI or CENTRAL GOVERNMENT interference to boost the economy is expects the industries.Like the respected authorities of Japan and U.S done ,india also could take some steps to boost the economy.Be advance rather than wait for the crisis.
Yesterday we asked to buy you DLF AND BALRAMPUR CHINI.The latter perform very well but DLF not started to perform yet.We today ask to go with IDEA ,good chance for 10% rally.
Support and Resistence
Resistence at 49 and support at 44.50.Idea is now trading at 46.
Hang seng up 700 points,Nikkie up 200 points and other asian markets also up.The problem we seen is huge winding up in nifty position through out yesterday.It is very difficult to predict todays market because we are very close to settlement day.We may see a pull back by the global positive news but an investor can not trade on this market as the positive news of one day is negative of another day.Our team looking for 300 or more point closing in sensex and 2800 and above closing in nifty.Otherwise do not trade in this type of market.
Dalal street is with full of rumours about Obama s policies,and market is calculating for a positive outcome.There is a news that he is preventing introduction of wealth tax for the higher community.And with the help of Timmothy geithner he is planning a number of rescue plans to recover the recession and for the future.We can not make a prediction that is these are going to effect or boost the economy.But yesterday s was a relief rally on obama steps and citi bank news.(see yesterday s posts for details)http://dalalsecurities.blogspot.com/2008/11/obama-plans-25-million-jobs.html , http://dalalsecurities.blogspot.com/2008/11/citi-never-sleeps.html
Dow started with gain and moved to 550 gains intraday then in last hour it slide to 8443 with 396 points gains.Nasdaq and s&p500 also surged 87 and 51 points respectively.
On november 20 we predicted that LIC HOUSING FINANCE have good chance to perform and the same script surged 10% on friday intraday trading.Readers who follow our advise must achieved.If you dont beleive please go through the URL given below
http://dalalsecurities.blogspot.com/2008/11/tips.html
Buy Balaram pur chini and DLF.Both are in attractive values could breake it out today itself.
Technicals
resistence of balram pur 33.90 and resistence seen at 40.95.
resistence of DLF at 188.50 and resistence seen at 203.65 and at 230.20
Asia is trading higher, except nikki which remain closed today.Some positive news are in all over world.Citi bank news and obama s announcement helps dow future to trade in positive currently.
We like to trade positive today and nifty technicals are below.
Resistence 2696, this is a major point to watch .You can see a 250 point surge or fall in nifty from this point before the expiry of november series.And if nifty could breake 2971 in coming months it can rally to 3200 and above.For intraday technicals see side bar and have a nice trading day.
Talks still going on between bank officials and federal goverment.Some rumour are there in financial market as government will bear the losses of citi to help to clean the balance sheet of bank.We are still not sure whether government is going to pick stake in the bank in return.The talks Sunday centered on the creation of what is sometimes called a "bad bank" -- an outside entity designed to hold some of a financial firm's worst assets. That structure would help Citigroup cleanse itself of billions of dollars in potentially toxic assets.
Saturday U.S elected president announced his plans to create 2.5 million jobs in coming years.He insisted on basic infrastructure through out of his speech.Obama sees the basic needs as the tool to overcome current crisis and to build the future on it.
He called the plan "big enough to meet the challenges we face" and said that it will jump-start job creation but also "lay the foundation for a strong and growing economy."He cautioned, "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better." But Obama said Inauguration Day, Jan. 20, "is our chance to begin anew."(Wall street journal ).
Friday Dowjones was in flat trading untill the news flash of- Obama elect Timothy geithner as treasuary head of federal reaserve bank of newyork.Geithner had lead the US response to the deepest financial crisis in seven decades.Dow closed on covering of all losses that happened on thursday s trading and now also futures are trading positively.
Inflation has come down 8.9% for the week ended november from 8.98% of the last week.Inflation for week-ended September 13 has been revised to 12.42% versus 12.14%.
Wholesale price index for all commodities: down 0.2% at 235 (WoW).The inflation details are here
Fuel group: down 0.9% (WoW)
Light and diesel prices: down 11% (WoW)
Furnace oil prices: down 9% (WoW)
Aviation fuel prices: down 5% (WoW)
Citi today is not going to sleep today.Vikram pandit called for a conference call at 8.00 AM.Yesterday the scrip slide 27% and last week it lost 50% of its valuation.Yesterday s fall was worst ever,on the ground of gloomy news.On friday directors will discuss the option of auctioning the full bank or partial.Citi suffers a difficult period as same as ICICI BANK which gone through a month back.And now they seek ban on short selling on securities to securities and exchange commission.
We predicted on yesterday that POWER GRID could touch 66 back and asked our readers to short at 70 levels.If you check the movement of that particular scripts yeaterday the low point was 66.Our success stories seems have no end.
Our team recommends today to bottom fish BANK OF INDIA, at any of the lower levels is a golden oppertunity, and this script could see a rally in 5 days.
TECHNICALS
strong resistence at 250 and 254 levels and it possible to breake this area could surge to 260 and more.
Hong Kong's Hang Seng Index opens 3.7% lower.
Citigroup may sell off parts, or whole of firm.
New Zealand's NZX 50 index loses 2.7% to 2,573.93 in opening.
Australia's S&P/ASX 200 sheds 3.1% to 3,247.90 in opening.
Japan's Topix index falls 1.3% to 771.83 in opening.
Japan's Nikkei drops 1.3% to 7,600.35 .
Low to low,market still not steady.Now advances till last 9 trading days.We are not still seperated from global crisis.Our companies shows its strength in thier results, still investors have not trust.Lets look at what happened on yesterday, there was no buying interest at all in market.
Dow jones crashed after the noon trade on the ground of gloomy jobless and manufacturing datas.Jobless claims now shows 542k on the 15/11/2008 and it was 516k.And the Leading indicator showed a deep fall as -.8%.This leading indicator data includes manufatering numbers,initial cliams,building permits etc.Now experts watching whether the recession could lead to a depression.
India could open today in loss of 300 points , and the recover we are not much sure about this beacause in F&O segment investors already lost thier interest in november series ,Positions are selling out.Have nice trding day.
Axis bank ,Lic housing finanace and Moserbear surged 3-5% yesterday itself and our day before tip mercater lines also performed well .We like to advice our clients today that not go for a buy today and selling is the better option.Power grid is likely to go down today to 66 levels if it short at 70 levels and could make a benefit at 66 by covering.Have a nice trading day.
Asian stocks suffered sharp loses early Thursday, with technology, financials and consumer electronic among the weaker performers amid mounting fears over a synchronized global recession.Japanese exports declined 7.7% in October from a year earlier, its biggest drop in almost seven years, according to data released Thursday by the Finance Ministry.India also in the selling mood.Expect the index to break the 8,500.00 levels as investors lost hope of a bounce back, spurring a fresh round of sell off.
We like today AXIS BANK,LIC HOUSING FIN and MOSERBEAR.Our yesterdays tip mercater lines showed 20% growth intraday and satyam may come back today.
U S stocks finally closed in positive after a long while.The rally was happened in the last one hour and the surge was because of some positive results of some corporates.Indian market likely to open and trade positively today.Our FM, palaniyappan Chidambaram told yesterday that GDP could surge to 9%in next year buoyed by local demand.This could bring back the positive mood in market.Stocks we mentioned yesterday as tips could perform today.
We predicted that kingfisher airlines could perfrom and it recorded 15% above yesterdays intraday trading.Our reader who follow our advices would had been benefited alot.
Buy satyam computers and mercater lines .Both are in attractive positions could perform with in one week.
U S stocks closed on lower yesterady on the ground of citi bank announcement that they are going to cut 50000 jobs.The news that japan is going to enter recession also made a negative sentiment in the market.All major shares fell sharply.Yesterday we seen huge short covering in selective counters as our team predicted, likely to continue today also.Nifty traders is advising to stay back today.Have a nice trading day.
Our team today go with a speculation, Kingfisher airlines (KA).Company is in the news that trying for a foriegn airlines to invest in domestic airlines.News could help company to move to 30 levels.Technically spaeking 27-27.2 is the major resistence area, if it breake it KA could touch 30 and above today itself.
Our last time tips TATA MOTORS,DLF are in good mood for bottom fishing.Try to average your position.
200 and more points falls in opening is in cards.After that small recoveries could possilble, but along with the global mood most probably sensex will close with negative mood.Nifty trading in an interesting way that it still not identified its way to move for the november series.
Japan is loosing after the GDP data out , likely to continue untill central bank s further move.Its the second continuous quarter that japan GDP is sliding which is clear indication of economic slowdown.For more technicals of Nifty look side bars and have a nice trading day.
Japan GDP released today morning, and it fell .1% from previous quarter.The data is based for second quarter, means july-september quarter.And when the data compare with last years GDP for the same period it slides .4%.This is the second quarter that GDP is continuously sliding, which shows an economic slowdown or recession.Revised data for the April to June period showed GDP shrank 0.9% from the previous quarter.
Every one knows that, today s financial crisis started with nasty united states housing prices.This is to hit the new low in this october according to experts.
Treasury Secretary Henry Paulson said last week that "market turmoil will not abate until the biggest part of the housing correction is behind us."
Now we cant say it is behind us.The worst is with us or going to happen soon.
Yesterdays our tip was chambal fert and it performed as our prediction before it slide back.We hope all our readers benefited.Our todays tip is TATA MOTORS,DLF AND POWERGRID CORPORATION.These stocks are ready to surge and possible to perform today itself.Because of bad market condition we advice to invest only half of your money, and wait for a low price for averaging.
U.S. stocks on Tuesday fell for a second day after quarterly results and outlooks from luxury home builder Toll Brothers Inc. and coffee retailer Starbucks Corp. illustrated softening consumer spending.Asian market are trading now in lower range , and the fear could be spread to indian market also.2%-3% down in nifty could see in the morning itself.Some selective stocks are expected to recover today from the yesterdays low, such as bank and metal sectors.
There is a rumour that ,following china governments stimulous plan RBI also take steps to revise key rates.Some banks insists on a revision on reverse repo rates.Market is clueless today and very rangebound, so the day traders please move back.Have a nice trade day.
Australia's S&P/ASX 200 edges lower 0.1% at 3,956.10
Korea Composite Index down 1.6% at 1,111.26
Japan's Nikkei 225 down 2.1% at 8,627.68
Cephalon to replace General Growth Properties in S&P 500 .
New Zealand's NZX 50 index drops 1.1% to 2,806.
Australia's S&P/ASX 200 index drops 3.2% to 3,976.60
Japan's Nikkei drops 1.3% to 8,965.29 in early minutes
Hang Seng Index drops 3.5% to 14,223.79 in early minutes
Success stories never to end.Look ourb yesterday tips performance.
Chambal surged more than 10%.
And our street talks
TATA steel ,Hindalco,Punjllyod,sterilite closed with 10% and its near to value.
Buy balarampur chini.currently trading at 45.50 and its strong resistence seen at 45.80
Our team feels it will breake the resistence and could advance to 47 range .
Asian markets trading low , india will face selling pressure.Yesterday in U.S deutche bank cut the rating of GM and stock faced a huge sell.U.S. stocks finished lower on Monday, sending the Dow Jones Industrial Average back below 9,000, after early enthusiasm over China's economic stimulus faded in favor of ongoing worries about U.S. companies, including General Motors Corp.
Nifty moved yesterday in a style but today could back because of selling pressure.For nifty technicals watch the side bar.Have a nice trading day.
Stocks like sterilite,hindalco,tata steel,punj lloyd could rally as per speculators.We donot recommends this stocks , these only street view.For the secure please follow our tip.
CHAMBAL FERTILISER will move 6-8% today on chart basis.We expect the stock could touch 49.The major resistence points is 50.15.
China will spend $585 billion rescue package .The action is to support the economy and to boost the industries.The decision was announced Sunday by the State Council after Premier Wen Jiabao presided over an executive meeting Wednesday.
South Korea's Kospi rises 1.9% to 1,155.67 in early minutes .
Shanghai Composite gains 3.2% to 1,804.39 in early trading .
Japan's core machinery orders rise 5.5% in September.
Japan's Topix ends morning at 915.52, up 4.2% .
Japan's Nikkei ends morning up 5.5% at 9,053.90 .
Hong Kong H share index up 10.5% to 7505.16 in early minutes .
Hang Seng Index jumps 5.9% to 15,078.65 in early minutes .
Hong Kong shares soar on China stimulus, Wall Street gains .
Markets looking on a close above 10k, but some factors are still a nightmare.As per the officials volumes are still low in our market as the P-NOTE factor continuation.This week world markets are eagerly looking to the actions of Barak obama,and speculators feels he is the person could make changes to the current situation.
Factors to look in this week
China inflation.
U S intial claims on thursday.
Results of tokyo based banks.
Indian inflation .
Retail sales.
On thursday market will remain closed as beacuse of guru nanak jayanthi.
On Monday, Japanese carmaker Toyota Motor Corp. slashed its profit, revenue and unit sales forecasts for the year ending March 31, blaming a shocking slump in the global automobile market and a sharp appreciation in the Japanese yen against major currencies
We back to market.First we like say sorry to you.Due to our end trimester examination we could not maintain our blog.From today we will continue our work.
Due to some technical problem dalal securities was shut for the last 4 days.And we restarted the blog service from today.
Bears are getting back to business.U S economic data s are very week.In economic data, the ADP index of private employment showed companies shed 157,000 jobs in October, with the report seen as a preview of sorts of Friday's non-farm payrolls for the month.Nifty could move back to 3% to 4% in the global shock.But our team feels there could be a recovery in the late or noon trading.
Markets are celebrating Obama 's historical win.Nikkie and hansang are 3% up.Sensex will also believe to continue the recovery rally.Some fears still in technology sector on the back of Obamas statement that indian IT outsourcing will control.For more details we have to still wait and watch.
Apart from this there is no negative sentiments at all.Technically speaking nifty have to breake 3235-3240 area, then we can see more rallyin market.
Our yesterday tip performed in a very style, as it surged 8% than yesterdays closing.The readers who traded as per our advice must have earned a lot.
Both are in good position and have high chance to surge 10% intraday today.
SUZLON could move to 55 and IDEA to 45 and more.
Another expiry day.Its because tomorrow is holiday for indian market.All indian company ADR moved highly , banks like icici and hdfc bank s ADR moved 18%.Fresh mood across the globe, and some covering also could happen.Have a nice trading day.
Wall street managed to close in a smart gain.It was a second largest gain ever and could spread to other markets also.There is a news that there could be a rate cut in near time.In the new mood all asian markets starts with 4-5% gain.
We dont believe that wallstreet is in a recovery mood.Still there is room for downside.Just compare what happend in last two days economic datas, these data s shows U S economy is in a bacward action.
Karur Vysya Bank
CelebrityFashions
Southern Petrochemicals
Sundaram Finance
Shree Ganesh Forgings
Surana Industries
Buy aditya birla nuvo, very attractive position at current levels.
Minimum 6% could be possible in this counter.and about market , no stability yet in indian stock market .Nifty still trying to hold on the different levels and next strong support we seen in 2200 levels.
Our team wishes to all our readers Avery happy diwali.Dewali Muhurat Trading (Diwali Amavasya - Laxmi Puja):
Tuesday, 28th October 2008 (From 5:15 PM To 7:15 PM). Diwali Muhurat Trading / Deepavali 2008.
September new home sales data increased than the expected figure.The figure shows the liquidiy problem have not going to an end in near term.
ET Release For Actual Briefing.com Consensus Prior Revised From
New Home Sales Sep 464K 445K 450K 452K 460K
Dow jones started with flat and at noon showed some strength, but could not hold it upto the closing time.
Japan's Topix slips 0.4% to 743.35 in early minutes
Japan's Nikkei drops 0.3% to 7,143.34 in early minutes
New Zealand's NZX 50 index sheds 2.6% to 2,706.60
Australia's S&P/ASX 200 drops 1.2% to 3,765.30
Our todays tips are
BHEL
GAIL
GE SHIP
RENUKA
AND UNITECH
ALL COULD MOVE 5 TO 10%
IN 2TO 5 DAYS.
3 out of 4 yesterdays tip performed in a very best way (5-8%).
Power grid advised to buy and it perfromed 6% IN INTRADAY.
HDFC BANK moved 8% yesterday itself.
and Crompton moved 6% intraday.
But Grasim gone down but we feel the down movement is only a short phenomina, and it will be back any moment.
All over the world can see a positive mood, this could lead to some bit of buying in our market also.If you noted yesterdays trade huge interest have been built up in nifty future counters.This could support market for further move.And SEBI could move for FII ban in short selling.This is not confirmed as they are still examining past trading data s.If SEBI takes action against traders on the highlight of some grey action , could impact to volatility in market.So watch SEBI move very carefully.But the funniest thing is SEBI always release the decision after the market hours.This is a practice of long time , but bad practices should be change.
Hero Honda,Crompton Greaves,Tech Mahindra,Hindustan Zinc,Indiabulls Financial Services,Zee Entertainment,Wockhardt,United Spirits,Power Finance Corp,Jaiprakash Associates, Ashok Leyland
RBI move is very much acceptable to economy and it is right time action.D.subbarao started his action before the RBI meeting which is supposed to meet on 24/10/08.Now we dont see further cuts or actions in RBI meet.But some experts of different banks still feel there should be more cuts in CRR , reverse repo.
All over the world can see a positive mood, this could lead to some bit of buying in our market also.If you noted yesterdays trade huge interest have been built up in nifty future counters.This could support market for further move.And SEBI could move for FII ban in short selling.This is not confirmed as they are still examining past trading data s.If SEBI takes action against traders on the highlight of some grey action , could impact to volatility in market.So watch SEBI move very carefully.But the funniest thing is SEBI always release the decision after the market hours.This is a practice of long time , but bad practices should be change.
Again good mood in U.S market, on the back of ben bernake s statement.On Capitol Hill, the Federal Reserve chairman told the lawmakers that "consideration of a fiscal package by the Congress at this juncture seems appropriate." Thus dow manage to close above 9000 mark again.
Japan's Nikkei rises 1.5% to 9,139.26 in early minutes.
Japan's Topix index climbs 1.4% to 940.30 in early minutes.
Australia's S&P/ASX 200 gains 1.4% to 4,198.80.
New Zealand's NZX 50 index gains 2.2% to 2,952.75.
Market could see some bounce back today.There are some barriers for ahead rally , please see nifty resistence points on the side bar.If nifty could breake the resistence points ,possible to see a rally.Asian markets are started with a good rally.We have to watch that whether these indices could sustain the opening move.Have a nice trading day.
Power grid can bounce back to 85 levels.
HDFC bank can see 5% rally.
Grasim could move 7-9% up.
Crompton greves may come back to 190 levels.
Idea stock is already 6% down in last friday , and now it is waiting for its second quarter results.Experts feels some shock on the results as huge investments made by the firm in last quarter.
Expectations why (positive)
Add 3.1M customers in last quarter.
Reason to expect shock (negative)
expenses due to Mumbai launch and impact of higher carriage charges
Akruti City, Archidply Indus ,Aztecsoft , Balkrishna Ind,Canara Bank, Emco, Geometric, GIC,Housing Fin, HT Media , Idea Cellular
IL&FS Investsma, Jet Airways, Kothari Petro, KPIT Cummins ,
KRBL , Lumax Auto, Lumax Inds, MIC Electronics, MindTree
Patel Eng , Petronet LNG, Rane Madras, Rolta, Sanghvi Movers
Shree Cements , Sterlite Techno , Titan Industrie, United Phos
These are the list of companies which expects to release thier second quarter results today.
Technically nifty have a huge resistence at 3150 and 3425.And we can see huge support at 2847-2860 qrea.If it is going to breake , can reach to 2595-2600 and further 2200 levels.
Fresh feelings all over world.Finally we feel there could be some recovery and could close on positive territory.We felt yesterdays recocer only because of short covering.We still in the doubt on the some FII move especially they acted on ICICI Bank counters.
Short covering again helped market to recover.Currently dowjones futures are trading at 111 point plus and are ready for a relief rally after yesterdays blood bath.Our team likes Essar oil because this stock are at an attractive value good be back to three digits at any time.
Other news are
UBS shares up 4.3%, Credit Suisse shares up 7.2%
S&P 500 futures up 11.90 at 915.20
Nasdaq 100 futures up 17.25 at 1,246.25
Gold futures down 40C at $838.60 an ounce
Dow Jones Industrial Average futures up 111 at 8,615
Light sweet crude futures down $2.19 at $72.34 a barrel
Euro flat at $1.3464 vs dollar
Sterling up 0.7% at $1.7259 vs dollar
German DAX 30 index down 1.6% at 4,784.13
French CAC-40 index down 2.6% at 3,292.27
U.K. FTSE 100 index down 2.2% at 3,990.76
By grace of all ,we are starting Dalal securities from this moment.You can watch all business updates ,stock market movements,and very glad to say we will also provide you free sure market tips.Thnk you
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