We again like to recommend IDEA CELLULAR.
Could enter to 50 levels today.
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.
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