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.
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