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
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