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.
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