nifty out look .23.05.07

NIFTY OUTLOOK- as I am expecting a fall of 75-150 points today it falls but closing in on negative bias so some weakness can be expected in today’s market also and the all pivots are same as yesterday .trade accordingly with support and resistance levels .

26.8% in 5 days ..

multibagger .......

southern online bio technology just start buying with every dip and accumulate for decent gains.

performance ....

our cairn call given on 14.05.07 at 133.5 rocking today and we noe generated ..approx20% in 4 days .how many of day traders are earning 20% with no risk by just 1lacs rs?

nifty outlook for 18.05.07

NIFTY ANALYSIS- as we predicted that in this week we make a new high so we are there for today I am expecting consolodiation ..market can trade in a range bound but 4250 levels are so important if it crosses then sure we headed towards 4300 today itself but not so much chances to cross as I am expecting and state you all that after making new high we have slight u turn and it was observed in today’s market in last session we saw a sudden cooling off in the markets .b cautious today .dont take over positions b stock specific now I can suggest IT sector is looking safe bet for day trading as well as short term also .

NIFTY OUTLOOK FOR 17.05.07

NIFTY ANALYSIS- as technical osscilators are looking some week the behave of market from last 15 days macd is gradually declining .but I am expecting a shrpa bounce we are not so far to cross all time high so I am expecting the same any moment we can see all time high after that we can expect a swing turn for today nifty will trade in very sideways ..as we close above our supports so we can see nifty upto 4175-4210 downside is looking so limited.

performance

script name
recommendation date
suggested qty
buy price
exit date
exit price
ROI
GAIL
14.05.07
89
279
14.05.07
290
approx3.8
EUROTEXIND
14.05.07
476
31.45
CAIRN ENERGY
14.05.07
187
133.5
DISHTV
14.05.07
216
115.5
14.05.07
121
5%
CREWBOS
14.05.07
52
189.05
15.05.07
190.5
5%
MTNL
15.05.07
165
152
DABUR
15.05.07
280
89.9
15.05.07

alomost get 15% on ROI in 2 days from our daily news letter. with niminal investment and risk free investment without fno trading 15% we earn on investment of rs75000. now you can understand. as we told earlier we post only nifty analysis and short term and long term calls on the blog u can check out our short term and long term calls performances and rst all are from our dms without any charges.

hi

the daily market strategy were sent to those who update their emails id's with us who doesnt get it can get back to us .

regards.

hi

no postings today as we are going to make some sudden changes and make some different strategies so i need the mails id's of all the members who are the regular visitors of the blog so we can send some facts about startegy.

you can mail me at-vishwa_deepak1@yahoo.com

regards.

today's performance.

foursoft hits SL

COMSYS HITS SL

CINEMAX HITA OUR TARGET . so i dont think so that we have in a huge loss .

nifty outlook for 09.05.07

as we are giving you alert from monday go lons it's gud but i aware you all and send msgs to you all to buy nifty 4000and3800 put and today i told you to sell it hope you all have done this .now come to the market dont want to explain too much higher side can any levels now that was not important important is that how much downside we can see for tomorrow only one support exists from my view is 4040 so plz keep eye one this support .as we send you a msg also about a news for nifty big correction so major downfall maximum levels we can go upto 3850 but sudden bounce back in this month only sodont get trapped work smartely if any one doesnt understand market get out now come in june .
resistance what i say u can fix your resistance levels for tomorrow .support is 4040 keep eye on that .

due to volatility i am not providing any intraday calls .

our short term call...........

our short term call of penny stocks ....

brells system @.5paise is rocking with 20% upper circuit from last 3 days

maximaa systems @2.7 is now at 4.2 rocking on upper circuit ...

himachalfut ....adhunik.....whirpool............enjoy ..........

intraday as well as short term calls .

as i need notto explain again y i write like that intraday as well as short term calls as so many members asked me today that i dont have belive on my calls for intra day that y i suggest u to take for short term then i didnt gave any answer i just said check the eprformance short term only because they can give you more earning and if they falls in day trading then you can hold them it ll work in 3-5 days maximum as i watch with my calls .

buy foursoft@60-60.5sl58.15target-62-64-65
buy cinemax@144.4-145 sl 142 target-148-152-155
buy comsys@23.6-23.9sl23.05target24.7-25.2-25.65

..............trade with given levels .

nifty outlook for 08.05.07

nifty still a major resistance which we we are talking from long time is 4175 but in mkt correction of 100-150 points already sets as told yesterday also we can see 4075or4040 levels by friday but y i am giving you resistance levels .the reason is very clear as all the rest world markets are trading at their higher levels so we need a break out as said yesterday we open in positive note and opend .views for today is we can open marginally wether it's + or -as we open higher and closes flat showing that market is having streght at lower levels .so we can expect a run up today upto 4175 leveles positively .

nifty resistance levels-4155-4175-4220
nifty support levels-4110-4075-4040
trade safe and earn safe .

intraday as well short term call for 07.05.07

as i want to make you clear so many are askign me that y i wrote inratday as well asshort term.see we are providing with proper sl but so many of clients doesnt follow the sl so i personally suggest them calls in this section they can have delvery also as they can run in 1-3 days .so this i found a safe bet to do intraday .

buy biocon@467sl460 tgt-476-480-485
buy uniphos@310-311 sl 304 target319-325-330
buy aztec soft@99-100 sl 97.3 target 103-105
sellwelguj@136.5-136 sl138 target 134-132-131

as market looks volatile trade safely ...

nifty future ...

as on friday we told u through yahoo messanger to buy nifty fut plz exit in opening bell as u get it in profit ..

nifty outlkook for 07.05.07

as international markets are showing so much of strenghts .still bulls are not give their charge to the bears so i am expecting a positive opening .as the crucial level of4175 is still maintained if we close above this then we can expect upmove upto 4215 otherwise mkt is behaving rangebound now the lower side very important levels for tomorrow is 4105 if it breaks then we can see some more fall on cards .so b stock specific as technically a coreection of 50-105 points can b observe anytime on cards .

nifty resi-4175-4215-4235
nifty supp-4105-4075-4040.

performance ..

mtnl achieves our first target .

obc achieves our first target

idbi give rs1.5 upmove.

yahoo messanger calls give profit are nifty ,gujambuja,dishtv.

if any of yoiu have any problems with calls can get back to me .

hi

if any of you have any problems in calls ......can get back to me during market hours.

reminder

as we posted earlier a call on adhunik metals@29-30 again i want to remind you all to add this stock in your portfolio with target price of rs50 in short term and rs100 in long term a safe bet .

TODAY'S CALL FOR INTRADAY .

BUY IDBI@91-91.5 TARGET 94-96-98 SL 89.5

BUY OBC@196-197 TARGET 200-202-205 SL 194.25

BUY MTNL @150.60-151 TARGET 153-155-158 SL 148 .


BE STRICT WITH OUR STOP LOSS AS VERY RARELY OUR SL TRIGGERS.

TRY TO BOOK YOUR 50% INTRADAY POSITION ON 1ST TARGET AND HOLD REST FOR 2ND WITH SL BELOW RS1 OF 1ST TARGET AND BOOK 25% AT 2ND TARGET AND REST 25% BOOK AT FINAL TARGET AND PUT SL BELOW RS1 OF 2ND TARGET .IF nyone haveing any confusion then get back to me .

NIFTY OUTLOOK FOR 04.05.2007

AS WE ARE EXPECTING 4175 ALMOST IT ACHIEVES OUR TARGET ..FOR TODAY AGAIN A CRUCIAL LEVEL IS 4175 WHICH I AM EXPECTING TOMORROW IT LL COVERD IN OPENING GAP ONLY AS I AM EXPECTING NIFTY FOR TODAY IT CAN TOUCH 4218 HERE WE CAN SEE SOME PROFIT BOOKING LEVELS THIS IS VERY CRUCIAL RESISTANCE LEVELS IF IT MANAGES TO CROOS THEN WE CAN SEE 4250 BY TOMORROW AS MARKET LEADER RELINCE INDUSTRIES ARE IN FORM AND A ROBUST CORPORATE EARNINGS BOSSTS THE MARKETS AND INTERNATIONAL MARKETS ALSO HELPING TO CROSS NEW HIGH ASAP .BUT WE CAN SEE A SHARP REVERSAL FROM 4218-4228-4240 LEVELS UPTO 41.15 NIFTY CAN COME FROM THERE.

NIFTY RESISTANCE-4175-4218-4240
NIFTY SUPPORT-4152-4130-4115

todays performances

fsl achieves our first target .jupitor is rate to rate .

ifci put of rs45 @2.30 touches 2.9 still open ...

nifty 4100 call today we booked @125 given on monday@96....

nifty trend analysis is almost as per as our expection

post market analysis

The Sensex, which was strong throughout the day, ended firm as buying continued for index pivotals, especially index heavyweight Reliance Industries (RIL), owing to a stupendous set of results from India Inc, rallying US markets and firm stocks around the globe. Stocks from the oil & gas, capital goods and the auto pack were in demand.
The 30-share BSE Sensex ended with a spurt of 205.84 points, or 1.48%, at 14,078.21. It had opened firm at 13,987.77, which was also its low for the day. The benchmark Sensex had eased a bit after touching a high of 14,104.47, in the late afternoon session of trades, as some profit-booking emerged at the higher levels.
The S&P CNX Nifty jumped 62.95 points (1.54%), at 4,150.85. It had surged to an intra-day high of 4,161.20 today. Its all-time high is at 4,245.30.
The total turnover on BSE amounted to Rs 4417.65 crore while the NSE F&O turnover was Rs 27675.18 crore. The market-wide turnover was Rs 41409.87 crore.
The market-breadth, which reflects the overall health of the market, was strong. Smallcaps and mid-caps also contributed to the rally today. There were over 1.5 gainers for every loser on BSE. Against 1,535 scrips that advanced, 1,038 declined. Also, 95 scrips remained unchanged.
The BSE Mid-Cap Index settled at 5,866.25, rising 71 points (1.22%), while the BSE Small-Cap Index rose 60 points (0.9%), to 7,054.20.
Among the 30-Sensex pack, 22 advanced while the rest declined.
Auto major Bajaj Auto (BAL) jumped 4.70% to Rs 2559.90, and was the top-gainer. BAL’s board meeting is scheduled on 17 May 2007, in Mumbai and as per reports is “very likely” to include the demerger proposal on its agenda. The proposal is intended to unlock value for shareholders by separting the manufacturing and financial assets of Bajaj Auto into two entities.
Meanwhile, Bajaj Auto continued its downward spiral in motorcycle sales for the third consecutive month this year, with its April numbers, including exports, declining by 13% compared to the same month last year. The company said its bike sales in April stood at 1,64,304 units against 1,88,518 units (inclusive of exports) in the same month last year, down 13%. Total two-wheeler sales also registered a dip of 13% at 1,65,692 units against 1,90,964 units last year, BAL said.
Three-wheeler sales, however, were up 15% at 24,360 units as against 21,159 units in the corresponding month last year, the company added. BAL said exports during the month jumped by 64%.
Hero Honda gained 2.69% to Rs 702, as bike sales improved in April. Hero Honda reported a 4.86% increase in vehicle sales during April 2007 at 2,62,544 units against 2,50,366 units in the same month last year. “We have been consistently doing better than industry numbers for the past few months and the momentum has been sustained in the first month of the new financial year as well. We expect to maintain this growth momentum in the coming years as well,” Hero Honda Vice-President (marketing and sales) Anil Dua said in the statement. Hero Honda’s growth is in contrast to rival Bajaj Auto continuing its downward spiral in motorcycle sales for the third consecutive month this year, with the latter’s April numbers, including exports, declining 13% compared with the same month last year.
Maruti Udyog rose 1.52% to Rs 815.30, after reporting 17% growth in car sales in April as it sold 48,652 vehicles compared to 41,574 vehicles sold in the same period last year. Over all, the company sold 50,352 vehicles in domestic and international markets in April, compared to 43,127 in April 2006.
The BSE Auto Index gained 1.45%, buoyed by renewed buying following robust set of monthly vehicle sales figures for April 2007.
Gujarat Ambuja Cements (up 3.82% to Rs 122.45), and Ranbaxy laboratories (up 3.41% to Rs 384) were the other gainers.
Index heavyweight Reliance Industries (RIL) advanced 3.97% to Rs 1622.10, as 8.62 lakh shares changed hands in the counter on BSE. It had surged to a high of Rs 1627.80, while its low was at Rs 1575. RIL will pay over $600 million for hiring deep-sea drilling rigs for developing the gas fields in the prolific KG-D6 block off the east coast. It has hired US firm Tranocean’s Deepwater Frontier rig at a day rate of $3,20,000 for two years, beginning August 2006. Deepwater Frontier is currently drilling in Bay of Bengal, reports said. Crude oil production will begin in the first quarter of calender year 2008, earlier than the gas project. Oil output will range between 30,000 and 50,000 barrels per day, sources said.
KG-D6, the world’s second largest deepwater find last decade, is being brought to production in less than six years of discovery at a cost of $2.8 per barrel of oil equivalent (boe), they said.
Once the fields comes on production, almost all of the country’s natural gas deficit will be wiped out.
Led by RIL, the BSE Oil& Gas Index surged 2.8% to 7,337.78, and was the top-gainer from among the sectoral indices of BSE. BPCL (up 4.17%), HPCL (up 4.20%) and ONGC (up 0.50%), had gained.
The BSE Capital Goods Index advanced 1.9% at 10,063.23, led by L&T (up 2.48% to Rs 1738.55), Areva T&D (up 8.58% to Rs 1288), Bhel (up 1.72% to Rs 2530), and Crompton Greaves (up 1.60% to Rs 356).
Maruti Udyog (MUL) rose nearly 1.52% to Rs 815.30, after reporting 17% growth in car sales in April as it sold 48,652 vehicles compared to 41,574 vehicles sold in the same period last year. Over all, the company sold 50,352 vehicles in domestic and international markets in April, compared to 43,127 in April 2006.
HDFC Bank lost 2.35% to Rs 1002, and was the top-loser.
FMCG major Hindustan Lever (HLL) declined 1.71% to Rs 196, on a volume of 10.80 lakh shares while telecom services provider, Reliance Communications, slipped 1.38% to Rs 470.50, on a volume of 23.51 lakh shares.
Tata Motors slipped 2.26% to Rs 733.50, after surging to a high of Rs 764.50, on reporting total sales of 40,486 vehicles (including exports) for April, a growth of 10.7% over 36,574 vehicles sold in April 2006. The company sold 19,607 commercial vehicle (CV) units in the domestic market during April, when compared with 19,674 vehicles in the same month last year.
The sales of medium and heavy commercial vehicle products stood at 10,392 units, a decline of 14% over April 2006. Sales of light commercial vehicles grew by 22% at 9,215 units over April 2006.
Tata Motors’ passenger vehicles business reported total sales of 16,842 vehicles in the domestic market in April 2007, an increase of 26% over April 2006. The company sold 4,037 units in the export market in April 2007, compared to 3,572 vehicles in April last year, an increase of 13% driven mainly by commercial vehicles.
Housing finance company HDFC was up 0.43% to Rs 1666.90, after it reported a 29% jump in net profit to Rs 550.05 crore for the fourth quarter ended March 2007, compared to Rs 426.52 crore for the same quarter a year ago. Total income rose nearly 40% to Rs1,732.95 crore (Rs 1,239.90 crore).
In FY-2007, HDFC posted a net profit of Rs 1570.38 crore compared to Rs 1257.30 crore for FY-2006. Total Income on annual basis increased to Rs 5896.26 crore (Rs 4278.39 crore).
IFCI was the top-traded scrip, grossing Rs 154.96 crore on BSE. While RIL (Rs 138.42 crore), Network 18 Fincap (Rs 113.68 crore), Tech Mahindra (Rs 113.52 crore) and Reliance Communication (Rs 112.50 crore) followed.
IT and BPO major MphasiS gained 4.78% to Rs 328.65, after it posted 59% increase in net profit at Rs 29.03 crore for the quarter ended March 2007, as compared to Rs 18.26 crore in the corresponding quarter of the previous fiscal. The total income grew 55% to Rs 161 crore (Rs 103.93 crore).
“This fiscal has been one of great challenges and achievements. We have grown from strength-to-strength after a subdued first quarter to record our highest ever profits as a company,” Mphasis Chairman Jerry Rao said.
MphasiS posted a net profit of Rs 45.56 crore for the quarter ended March 2007, as compared to Rs 35.15 crore for the same quarter last year and the total income of the group rose to Rs 334.72 crore from Rs 251.63 crore.
The MphasiS group added seven new clients in the January-March quarter, including a US-based housing finance institution it didn’t identify.
Gujarat Mineral Development Corporation (GMDC) jumped 20% to Rs 637, on a report that the board had recommended a 2-for-1 stock split. There was no such announcement by the company so far. The stock also got a boost today from a surge in net profit for Q4 March 2007, reported by the company. Gujarat Mineral Development Corporation (GMDC)’s net profit jumped 92.1% in Q4 March 2007 to Rs 49.66 crore (Rs 25.85 crore). Net sales rose 44.9% to Rs 185.47 crore (Rs 128.01 crore).
Network 18 Fincap surged 20% at Rs 467.85, after a block deal of 12.5 lakh shares was struck in the counter on BSE at Rs 395 per share in the opening session of trades. The Network 18 Fincap counter clocked huge total volumes of 26.64 lakh shares on BSE.
Gujarat Gas Company jumped 9.16% to Rs 1450, after the company reported 42.6% growth in net profit in Q4 March 2007, and set a record date of 22 May 2007 for executing a 5-for-1 stock-split.
Hindustan Zinc jumped 9% to Rs 740.70. The stock had edged up tracking surging global base metal prices. Strong economic data lifted global metal prices. US factory orders rose a greater-than-expected 3.1% and euro-zone manufacturing activity was also steady, suggesting strong demand for metals.
Nestle India jumped 6.63% to Rs 1074, on reporting 22% growth in net profit for Q1 March 2007 to Rs 108.45 crore (Rs 88.61 crore). Net sales rose 28% to Rs 863.08 crore (Rs 675.92 crore). The net domestic sales rose 21% to Rs 813.17 crore, largely on account of higher volume and price increases across categories. Nestle India had taken some price increases during the last few months in key categories, to insulate margins from cost escalation.
Nestle India’s export revenues jumped 70% to Rs 86.24 crore in Q1 March 2007, due to higher volumes coupled with higher realisations, most of which were on account of higher prices of green coffee.
Moser Baer rose 2.36% to Rs 364.25, after the company announced a 1:2 bonus along with strong set of Q4 March 2007 results. For Q4 March 2007, Moser Baer reported a surge in net profit to Rs 39.72 crore (Rs 0.35 crore). Net sales rose 3.5% to Rs 525 crore (Rs 507.49 crore). Meanwhile, Moser Baer’s board has also decided to raise funds for its expansion plan through debt or equity up to $150 million.
Adlabs Films rose 3.61% to Rs 445, after it entered into an agreement with Rave Entertainment for exhibition rights in seven multi-screen cinemas of north India, one of which is operational and six are coming up. The seven multi-screen cinemas will have 23 screens in aggregate.
Gateway Distriparks rose 2.80% to Rs 180, after it announced a surprise 1:4 bonus issue along with Q4 March 2007 results. It reported 12.9% growth in net profit in the March 2007 quarter at Rs 20.25 crore (Rs 17.94 crore). Net sales rose 18.6% to Rs 35.59 crore (Rs 30 crore).
Apollo Tyres edged up 1.01% to Rs 319, after the company’s board announced a generous 10-for-1 stock-split along with robust Q4 results. As many as 15,092 shares have changed hands in the counter on BSE. Apollo Tyres’ net profit surged 118.5% in Q4 March 2007 at Rs 42.72 crore (Rs 19.55 crore). Net sales rose 22% to Rs 910.21 crore (Rs 745.85 crore).
The Hang Seng Index was up 1.44%, while the Nikkei 225 Index rose 0.69%.
FIIs turned sellers in the last two trading sessions after the heavy inflows of the last few days. FIIs sold shares worth a net Rs 195 crore on Friday (27 April), the day when the Sensex had plunged 320 points. Their inflow has been robust this month. As per a provisional data, FIIs were net sellers to the tune of Rs 440.51 crore on Monday. Domestic institutional investors were net buyers to the tune of Rs 200.65 crore on Monday. The market was closed on Tuesday (1 May) and Wednesday (2 May) on account of public holidays.
The outcome of the ongoing seven-phased Uttar Pradesh assembly elections, is a key political event to watch out for. The assembly poll gets over early this month. The vote is seen as a barometer of national political trends. Some opinion polls show the opposition Bharatiya Janata Party (BJP) emerging second in the race, further adding to the woes of the ruling Congress, which is already battling rising prices.
US stocks rallied on Wednesday, as robust profits and a flurry of buyout offers powered the Dow Jones industrials to a record-high and the S&P 500 to its highest level in over six years. Shares of manufacturing companies that sell their products abroad, such as appliance maker Whirlpool Corp and lawn mower maker Toro Co., posted sharp gains after government data showed bigger-than-expected increases in US factory orders. The Dow Jones industrial average was up 75.74 points, or 0.58%, at 13,211.88. The Standard & Poor’s 500 Index was up 9.62 points, or 0.65%, at 1,495.92. The Nasdaq Composite Index was up 26.31 points, or 1.04%, at 2,557.84.
Oil prices clawed back up on Thursday, after US government data showed a build up in crude but a further fall in gasoline stocks ahead of peak summer demand. US crude rose 4 cents to $63.72, after a 72-cent drop a day earlier. London Brent crude gained 18 cents to $66.43 a barrel in the Asian session, after dropping 75 cents on Wednesday.
US crude oil inventories rose by 1.1 million barrels last week in government data on Wednesday, slightly above analyst forecasts, due in part to continued low demand from refiners amid a string of breakdowns.
Meanwhile, the Lok Sabha on Thursday approved in a voice vote the Budget for 2007/08. Earlier, Finance Minister Palaniappan Chidambaram changed duties on some items, including cement and iron ore, and announced other changes to proposals he first laid out in February.

intraday calls ....

plz hit all calls with your capacity .

datamtech-532528@53-54 target55-56-58 sl 51.85
moschip semi -532407@24-25 target 26-27.5-29 sl 22.35
orientinfo-531167@15-16 target-17-18 sl 14.25
blue star info-532346@144-145 target-149-152-155 sl142

follow strict sl and hit all the call with equal quantity and try to exit as fast as you can get the targets or below 10% of targets also .

intraday as well as short term call ...03.05.2007

buy jupitor bio sciences @cmp target 173-180
fsl@cmptarget-90-95-105.

this is call for short term as well intraday also so plz take quantity according to your portfolio size.

nifty outlook for 03.05.2007

as nifty hold the support of 4040 very well as all world market turns bullish ....as technicals also showing a bounce back in market so i am expecting for today 4125 is a crucial resistance levels for nifty today if it manages to cross then we can see upto 4145-4175.downside is limited of only 20-30 points but chances are very less.
as our last call on monday of 4100 call is still open ...b with it .

nifty res levels-4098-4125-4175
nifty suport levels-4063-4040- after that we can see a fall

penny stock calls.

do not buy in so huge quantity add just 10% of your portfolio size.

buy manali petrochemicals-500268-@10-11target16-18sl rs8.00
buy unimer india-524264@5-6 target 10.12 sl rs3.5
buy amar remidie 532664@35-36 target50-65 sl28.35
buy ascent exim-511750@5.2target10-11 sl3.8

just buy and forgot them for 3-6 months for decent gains.

hi..

after a long time i am start continuing this blog due to my bad health i am unable to post the calls.hope you all enjoyed the trading.

no postings today

due to nt good health i am not posting nything rest ll b sended u through yahoo messanger.

INTRADAY CALLS

DUE VOLATILITY NO INTRADAY CALLS FOR TODAY IF FIND ANYTHING SUITABLE THEN SURE SENDED BY YAHOO MESSANGER.

nifty outlook for 24.04.07

hi.........
no upper targets for today and support will be earlier resistance i.e 4040 if it breaks then a sudden fall can b watch upto 3970 as today is very important evnt i.e rbi meeting .but after these all i am expecting a weak opening as all us markets is cracking down so in international context we can see a fall in our indian markets also as crr is concern if it was unchanged then i am expecting any big upmove as surprise to markets but if it increases then it a big surprise for markets and market will dam sure reacts badely with this so if u dont track today market stay out for today ...b cautious ..high alert .

our short term call

our short term call given on yahoo messanger of mahaseamless@524 almost achieved it's target today touches 565 and target is of rs 575........enjoy ...

our short term call

our short term call given on yahoo messanger of mahaseamless@524 almost achieved it's target today touches 565 and target is of rs 575........enjoy ...

post market analysis

e rThe market chose to remain cautious on the first day of the week, ahead of key events that are to unfold. The outcome of these events have the potential to swing the market either ways.
The first and the most significant of events is the Reserve Bank of India (RBI)’s monetary policy, which will be announced by noon tomorrow. The central bank is expected to hold interest rates steady at its policy review on Tuesday (24 April), although analysts say tightening is not over yet and the central bank may decide to take steps to curb capital inflows that have been driving up the rupee. The central bank will also set out its forecasts for the year, including that on inflation and growth.
Prior to this, it has already raised the reserve requirement for banks three times since December 2006 and raised its main lending rate five times since early-June 2006, to try and curb credit growth as well as inflation.
Also, intense volatility is expected ahead of the expiry of the April 2007 derivative contracts on Thursday (26 April 2007).
The market, which was highly volatile throughout the day, finally settled with modest gains. The benchmark Sensex was in great nick at the start of the session, but pared gains in the second half of trading, as profit-booking set in at the higher levels.
The 30-share BSE Sensex gained 30.92 points, to end at 13,928.33. It had opened firm, at 13,972.81, and vaulted to a high of 14,046.52, as buying continued. Its low for the day is 13,879.39.
The S&P CNX Nifty was up 1.55 points (0.04%), to finish at 4,085.10.
As per provisional data, FIIs were net sellers to the tune of Rs 142.49 crore today. Domestic institutional investors were net buyers to the tune of Rs 258 crore today.
The Sensex had last hit the 14,000 mark on 23 February 2007 and had closed above the coveted mark for the last time on 22 February 2007. The Sensex’s all-time peak is of 14,723.88, which was attained on 9 February 2007. The benchmark Sensex’s all-time closing high is 14,652.09, of 8 February 2007.
The market-breadth, which measures the overall health of the market, ended negative, as selling of smallcap and mid-cap shares began. On BSE, 1,387 scrips declined compared to 1,177 that advanced. A total of 83 stocks remained unchanged. The BSE Mid-Cap Index ended at 5,702.44, a gain of 3 points (0.06%), while the BSE Small-Cap Index settled at 6,970.92, down 3 points (0.05%) from its previous close.
The total turnover on BSE was unusually high compared to that in the previous few sessions, thanks to a number of block deals that were executed in a lot of counters.
Three massive block deals of 93.21 lakh shares each (amounting roughly 1.8% of stake), struck in the Gujarat Ambuja Cements (GACL) counter, at an average Rs 116.05 per share on BSE were a salient feature of opening trade. The stock was down 0.61% to Rs 114.75, on total volumes of 3.03 crore shares. Undoubtedly, it was the top-traded counter on BSE with a turnover of Rs 352.55 crore. As per reports, Holcim, the world’s second-biggest cement maker, raised its stake in the Indian cement major to nearly 30% in a deal worth $78 million.
Phoenix Mills was the fourth most-traded counter on BSE with a turnover of Rs 119.95 crore. Two block deals of 2.43 lakh shares were executed in the counter on BSE, at an average Rs 1581 per share in early trade.
A block deal of 10.20 lakh shares was struck in the Cairn India counter, at Rs 132 per share, by 14:25 IST.
As a result of the block deals, the total turnover clocked a neat Rs 4111.37 crore on BSE while the total market-wide turnover was at Rs 45203.74 crore.
Among the 30-Sensex pack, 16 declined while the rest advanced.
Shares from the metal pack, bucked the sluggish trend. The BSE Metal Index closed at 9,896.84, up 2%, and was the top-gainer among the sectoral indices.
Tata Steel surged 4.71% to Rs 559.50, on a high volume of 22.96 lakh shares, and was the top-gainer. It had advanced to a high of Rs 560, in intra-day trade.
Maharashtra Seamless (up 5.92%), Jindal Steel (up 5.08%), Sail (up 0.20%), and Jindal Saw (up 2.25%) were the other gainers from the metal space.
REL (up 2.10% to Rs 521.75), Hindalco (up 0.80% to Rs 147.85) and Satyam Computers (up 0.85% to Rs 480.50) were the other gainers.
Reliance Communications advanced 1.62% to Rs 463.80, on expectations of strong earnings growth, driven by a robust rise in the subscriber base and an increased penetration of value-added services. Reliance Communications will announce its results on 30 April 2007.
Bharti Airtel, however, was down 0.95% to Rs 837.55, after striking an all-time high of Rs 867.80. Bharti Airtel unveils its Q4 results on 27 April 2007.
Index heavyweight Reliance Industries (RIL) was up 1.10% to Rs 1558, on a volume of 6.24 shares. It had advanced to a high of Rs 1560, while its low was at Rs 1527.
Drug major Ranbaxy Laboratories lost 0.37% to Rs 342.05, after investing more than $20 million (over Rs 83 crore) in the Romanian subsidiary, Terapia Ranbaxy. The move is a part of the company’s strategy to make the subsidiary its hub for Europe and Commonwealth of Independent States (CIS).
Terapia SA, an 86-year-old company, was acquired by Ranbaxy for $324 million (Rs 1,347 crore) in June, last year. The combined operations of Terapia and Ranbaxy established the largest Romanian generics company, with more than 1,200 employees, of which 350 form the largest professional field force in the Romanian pharmaceutical market. Terapia has a manufacturing plant in Romania, which Ranbaxy is now in the process of upgrading.
Ranbaxy had invested about $10 million (over Rs 40 crore) last year in Terapia and was looking at a similar investment in the same, post-acquisition, a Romanian news paper, Ziarul Financier, had said yesterday quoting Peter Burema, President of Ranbaxy’s global pharmaceutical division.
Cigarette major ITC was the top-loser, down 2.49% to Rs 156.60, on volumes of 17.18 lakh shares. It had also sunk to a low of Rs 154.85.
Banking stocks settled lower, ahead of the Reserve Bank of India (RBI)’s monetary policy meeting tomorrow. SBI (down 1.80% to Rs 1055.40), HDFC Bank (down 0.87% to Rs 986) and ICICI Bank (down 0.15% to Rs 913) declined.
Tata Power Company surged 4% to Rs 568, after it acquired Coastal Gujarat Power, a special purpose vehicle (SPV) formed for Mundra Ultra Mega Power Project (UMPP). A formal execution of the documents took place between Power Finance Corporation (PFC) and Tata Power, under the guidance of the Ministry of Power, Delhi. A performance bank guarantee of Rs 300 crore was provided by the company in favour of PFC. Coastal Gujarat Power has also signed power purchase agreements (PPAs) with seven procurers (distribution licensees) for the sale of contracted capacity and supply of 4000 MW electricity to these licensees but it delineates responsibility of procurers and company for the next important milestone. It also nominates Gujarat Distribution Company as the lead procurer on behalf of all procurers.
ABB gained 2.10% to Rs 3932, on continued buying, expecting a strong set of Q1 March 2007 results. ABB unveils Q1 results on 26 April 2007. Six brokerages expect 26.8 - 50.7% growth in ABB’s Q1 net profit, between Rs 65 crore and Rs 77.30 crore, compared to a net profit of Rs 51.30 crore in Q1 March 2006. Sales are seen rising 25 - 49.2%, between Rs 1003.60 crore and Rs 1198.20 crore, from Rs 802.91 crore in the March 2006 quarter.
Titan Industries plunged 6.20% to Rs 948, after the company reported a 18.5% decline in net profit in the March 2007 quarter. Titan Industries has reported a 18.50% decline in its net profit in the March 2007 quarter at Rs 30.32 crore (Rs 37.21 crore). Net sales surged 39.5% to Rs 605.83 crore from Rs 434.15 crore.
Sun Pharmaceutical Industries plunged 10.61% to Rs 1055, after the stock began trading ex-demerger of its R&D division into a separate company. On 5 April 2007, Sun Pharmaceutical Industries announced that its shareholders will get a share of Sun Pharma Advanced Research Company, which is being spun off for every share they held in Sun Pharmeceuticals. The company has fixed 30 April 2007, as the record-date for this purpose. Sun Pharma Advanced Research Company will be seperately listed on the bourses in due course.
Syngenta India rose by its maximum daily limit of 20% to Rs 625.20, after its parent set an exit price of Rs 730-per-share to delist the company.
Lead acid batteries maker Exide Industries gained 6.48% to Rs 48.50. On Friday (20 April), the company reported strong Q4 March 2007 results. The net profit jumped 49% to Rs 38.51 crore, on 38% growth in sales to Rs 528.89 crore.
IT services firm iGate Global Solutions gained 6.1% to Rs 356.50. Earlier during the month, iGate reported 42% sequential growth in net profit for Q4 March 2007 at Rs 22.65 crore from Rs 15.95 crore in the December 2006 quarter. The software developer had at the time of unveiling Q4 results said, the US subprime mortgage woes were hitting its revenues.
Alfa Laval rose 5.94% to Rs 999. It was the fourth-biggest gainer from the ‘A’ group scrips of BSE. The company holds a board meeting on 25 April 2007, to consider March 2007 quarter results.
Maharashtra Seamless gained 5.92% to Rs 562.50, ahead of its March 2007 quarter results scheduled on 25 April 2007.
Zee Entertainment Enterprises rose 2.19% to Rs 272.25, on reporting strong Q4 March 2007 results. ZEEL recorded 13% growth in consolidated net profit on a like-to-like basis, giving effect to restructuring in the March 2007 quarter to Rs 60.30 crore (Rs 53.50 crore). Operating revenue rose 11% on a consolidated basis to Rs 384.40 crore (Rs 347.60 crore). For the year ended 31 March 2007, ZEEL clocked 8% growth in net profit to Rs 219.40 crore, on 31% growth in operating revenue to Rs 1441.10 crore.
UltraTech Cement slipped 4.65% to Rs 803, despite the company reporting strong results for the March 2007 quarter. The scrip of Ultratech Cement had opened at Rs 860, a 2.11% rise to yesterday’s closing of Rs 842.15. UltraTech Cement posted a surge in net profit in the March 2007 quarter to Rs 231.54 crore (Rs 132.11 crore). Net sales surged 38.2% to Rs 1465.52 crore (Rs 1060.35 crore).
DTH service provider Dish TV India slumped 4.92% to Rs 104.35, after the Reserve Bank of India (RBI) barred fresh FII-buying in the counter. According to the central bank, the ceiling of 49% for such investment had already been reached in the counter.
The Nikkei average was little changed, giving up some of its earlier gains on Monday, as caution ahead of the earnings announcements put Yahoo Japan Corp and others under pressure. Hoya Corporation extended losses to fall more than 3% after posting a weaker-than-expected gain in the fourth-quarter profit on Monday.
The Nikkei inched up 2.75 points, or 0.02%, to 17,455.37.
Oil prices dropped in Asian trading on Monday after no major disruptions to production were reported around the weekend presidential election in Nigeria. An overseas monitor, however, said the electoral process failed to meet international standards.
Light, sweet crude for June delivery dropped 16 cents to $63.95 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore. The May contract on Friday rose $1.55 to settle at $63.38 a barrel before expiring, while the June contract settled at $64.11, up 79 cents.
FIIs have stepped up buying after Infosys gave a strong guidance for FY 2008 in dollar terms, putting to rest concerns about the impact of a slowdown in the US on India’s IT sector. Their inflow for April 2007, till Friday (20 April 2007), aggregated Rs 5120 crore.
US stocks jumped on Friday (20 April), with the Dow closing at a record high after stopping short just 35 points from the 13,000 mark, as Google Inc., and Caterpillar Inc., joined the list of companies reporting stronger-than-expected quarterly results. The Dow Jones industrial average rose 153.35 points, or 1.20%, to end at 12,961.98, its third straight record close. The Standard & Poor’s 500 Index was up 13.62 points, or 0.93%, at 1,484.35. The Nasdaq Composite Index was up 21.04 points, or 0.84%, at 2,526.39.

short term call

buy allsec technologies @296 target-312-340 sl 276

buy terasoft@106target135 sl 85

buy bhartishipyard @cmp target -414-450 sl385

post market analysis

Rallying by global markets and a strong FY 2008 guidance from IT major Satyam Computer propelled the domestic bourses higher, and the benchmark Sensex surged to a two-month high. Index heavyweight Reliance Industries (RIL) advanced to a record high, helping the key indices to a higher plane.
Sensex jumped 277.71 points (2%), to settle at 13,897.41, its highest closing since 22 February 2007. The S&P CNX Nifty gained 85.90 points (2.15%), to end at 4,083.55, its highest closing since 21 February 2007.
A surge in the benchmark Sensex in mid-afternoon trade was followed by a cooling of data released at 12:30 pm, showing a spike in inflation, driven by prices of food and manufactured goods, heightening concern that the central bank will again tighten policy at a review next week. But a rally once again gathered steam later after Finance Minister P Chidambaram said he expected annual inflation to ease to around 5.7% next week. Further moderation will depend on wheat arrivals, Chidambaram said. Shares of top banks recovered in volatile trade.
The wholesale price index rose 6.09% in the 12 months to 7 April 2007, higher than previous week’s increase of 5.74%, data showed on Friday. The annual rate had moderated to below 6% recently after hitting 6.69% on 27 January 2007, its highest in more than two years, on the back of Reserve Bank of India (RBI) tightening policy and the government cutting duties on a range of items to rein in prices.
The market-breadth was strong. Against 1,483 scrips that rose on BSE, 1,096 had declined. Also, 95 scrips were unchanged. Gainers outpaced losers by a ratio of 1.35:1.
The BSE clocked a turnover of Rs 4303 crore compared to Thursday’s Rs 4170 crore.
Just like Infosys, Satyam Computer today gave a strong earnings and revenue guidance in dollar terms as per US GAAP. Also, just like Infosys, Satyam has given muted earnings and revenue guidance as per Indian GAAP.
Asian shares rebounded and European bourses rose solidly on Friday as fears faded that a sharp fall in Chinese stocks on Thursday could ripple through financial markets, as it did in February. MSCI’s All-Country World Index rose 0.3% to 390.3 points, near its all-time peak and taking its year-to-date gains to 5.8%.
The FTSEurofirst 300 was up 0.6% at 1,568.1 points, and within sniffing distance of a high attained during December 2000.
In Asia, China’s Shanghai Composite Index recouped most of Thursday’s losses, adding 3.9%. The index is up 159% in the past 12 months. Japan’s Nikkei clawed back 0.5% of Thursday’s 1.7% slide — its biggest fall in a month — helped by exporters which benefited from the yen’s retreat.
FIIs stepped up buying after Infosys gave a strong guidance for FY 2008 in dollar terms, putting to rest concerns about the impact of a slowdown in the US on India’s IT sector. Their net inflow in three trading sessions, between Monday and Wednesday, aggregated Rs 2076.90 crore. However, foreign funds pulled out a net Rs 73.40 crore on Thursday. Their inflow for April 2007, till Thursday (19 April), aggregated Rs 4371 crore.
All sectoral indices of BSE gained today. On the back of a rally in Tata Steel, the BSE Metal Index was the top-gainer. It jumped 328.86 points (3.51%), to finish at 9,702.28. The BSE Oil & Gas Index rose 188.11 points (2.7%), to finish at 7,052.08. The BSE Tech Index, which is a free-float index comprising of IT, telecom and media shares rose 79.48 points (2.18%), to settle at 3,722.49. The BSE IT Index advanced 80.26 points (1.6%), to end at 5,055.09.
Reliance Industries (RIL) gained 3.4% to Rs 1543.75. The stock hit a high of Rs 1545, which is a lifetime high for the stock. The board of RIL meets on 26 April 2007, to consider Q4 March 2007 and FY 2007 results.
Housing finance major HDFC jumped 6.5% to Rs 1667. It was the top gainer from the ‘A’ group.
Satyam Computer jumped 6.4% to Rs 476.75, after it gave a strong guidance for FY 2008. Satyam Computer net profit rose 38% year-on-year in the March 2007 quarter, to Rs 394 crore. Just like Infosys, Satyam Computer has given strong earnings and revenue guidance in dollar terms as per US GAAP. Also, just like Infosys, Satyam Computer has given muted earnings and revenue guidance as per Indian GAAP.
Satyam Computer forecast 27 - 29% growth in basic earning per ADS for fiscal 2008, between $ 1.16 and $ 1.18. The US GAAP revenue is expected to rise 28 - 30%, between $ 1.87 billion and $1.9 billion for FY 2008. As per Indian GAAP, Satyam Computer has forecast between 18 - 20% growth in EPS for FY 2008, between Rs 25.32 and Rs 25.73. Satyam Computer has forecast 20 - 22% growth in revenue as per Indian GAAP for FY 2008.
Wipro lost 1.3% to Rs 571. Wipro today reported 44% year-on-year growth in net profit in the March 2007 quarter to Rs 861 crore as per US GAAP. It also forecast strong growth on more outsourcing and higher billing rates.
ONGC gained 3% to Rs 923. Oil prices rose as OPEC member, Nigeria, heads for weekend elections, ahead of the US May futures contract expiry later on Friday. Brent crude was up 51 cents at $66.45 a barrel, while US light crude added 83 cents to $62.66.
Tata Steel gained 6% to Rs 536. The stock had recovered from the last two days of a decline caused by equity dilution concerns after unveiling funding plans for its $12 billion takeover of Corus Group. The scrip rose on high volumes of 45.9 lakh shares on BSE.
State Bank of India (SBI) gained 2.3% to Rs 1078, after the largest lender said it planned to borrow up to Rs 10000 crore during 2007/08.
Bharti Airtel surged nearly 4% to Rs 848.80. The stock is now within striking distance of an all-time high of Rs 850, attained in February 2007. Bharti Airtel has launched a new set of prepaid cards, waiving processing fees. Named Airtel Happy Recharge, the cards will come in three denominations of Rs 299, Rs 399 and Rs 499 having a validity of 30 days. It will also have a single rate for local calls, and one rate for STD calls irrespective of the caller calling any other operator or even to a landline.
Reliance Communications gained nearly 5% to Rs 455.90. The company had registered strong growth in new subscriptions for the month just gone by.
Gujarat Ambuja Cements (GACL) rose 1.4% to Rs 115.10, after it said on Friday its net profit for the quarter ended 31 March 2007, rose to Rs 591 crore, including one-time gains
Telecom software firm Sasken Communication Technologies dropped nearly 3% to Rs 525. During trading hours today, the company reported a 86% year-on-year increase in consolidated net profit for the Jan-March 2007 quarter at Rs 11.70 crore. Consolidated revenues rose 73% to Rs 135 crore.
Vakrangee Softwares gained 2.6% to Rs 156.90, after posting a substantial increase in net profit in the January-March 2007 quarter to Rs 10.60 crore from Rs 3.17 crore in the Jan-March 2006 quarter.
India Cements lost 0.2% to Rs 170.50. It reported a surge in net profit in Q4 March 2007 quarter to Rs 139.81 crore (Rs 27.03 crore).
Mahindra & Mahindra rose 1.3% to Rs 743, after it said it would raise $300 million from the international market.
Balaji Telefilms gained 4% to Rs 168, on news it would invest up to Rs 60 crore for a 49% stake in a joint venture with News Corp.’s Star Group. The joint venture plans to launch a clutch of regional language channels in southern India.
Mukta Arts rose by its daily maximum limit of 5% to Rs 86.65, after the film producer posted a surge in net profit for the March 2007-quarter to Rs 14.98 crore from Rs 0.24 crore in the March 2006 quarter.
National Fertilizers rose nearly 4% to Rs 30.05, after its Jan-March 2007 quarter net profit surged.
CEAT rose nearly 3% to Rs 141, ahead of its Q4 March 2007 and FY 2007 results, which are due on Monday (23 April 2007).
Exide Industries rose 1.7% to Rs 45.60, after the company today reported 49% growth in net profit in the March 2007 quarter, to Rs 38.51 crore.
Shiva Cement dropped 4.5% to Rs 10, after its board approved issuing 14.5 million shares to ACC at Rs 11 a share, including a premium of Rs 9 per share.
Parsvnath Developers was down 0.5% to Rs 301.95. NSE has barred fresh derivative positions in the stock as the contracts had crossed the 95% market-wide position limit. Trading in Parsvnath Developers will be allowed only to reduce positions, NSE said.
Essel Propack fell almost 1% to Rs 72, after the packaging firm posted a 28% fall in the March 2007 quarter net profit to Rs 6.60 crore.
IFCI rose 2.1% to Rs 37.85, after the National Stock Exchange (NSE) lifted a ban on fresh positions in the scrip’s derivative contracts.
Indiabulls Real Estate gained 6% to Rs 303.90. The Reserve Bank of India (RBI) has notified that under portfolio investment scheme (PIS), foreign institutional investors (FIIs) can now purchase equity shares and convertible debentures of Indiabulls Real Estate, up to 100% of its paid-up capital as the company has passed resolutions to this effect at the board of directors’ and general body meetings.
Tanla Solutions (up 2% to Rs 400.65) extended gains after reporting strong March 2007 quarter results during trading hours on Thursday.
The Reserve Bank of India (RBI) reviews policy next Tuesday. It has raised the reserve requirement for banks three times since December and has raised its main lending rate five times since early-June 2006 to try and curb credit growth as well as inflation.
Strong FY 2008 guidance by Infosys, firm global bourses and continued FII-buying, have boosted the bourses this month after the Sensex had tanked 617 points in a single trading session on 2 April following the Reserve Bank of India (RBI)’s surprise hike in interest rates announced after trading hours on 30 March 2007. From a low of 12,455.37 on 2 April 2007, the Sensex has collected 1,442.04 points (11.5%) in a short while.
The Sensex’s all-time peak is of 14,723.88, which had been reached on 9 February 2007. Its all-time closing high is 14,652.09 of 8 February 2007.
The market may remain volatile next week ahead of the expiry of the April 2007 derivative contracts on Thursday (26 April 2007). RIL announces Q4 results on 26 April.

message-

as i am posting regulary for you all without any personal intrest so i am requesting you all if any of you have any news any views on the market and stocks you can post on the blog send your all details analysis to vishwa_deepak1@yahoo.com.
and plz send only authenticate report it will b checked .

ELLIOT WAVE ANALYSIS of nifty 19.04.07

ELLIOTT WAVE ANALYSIS OF NIFTYThe count has remained the same and there was nothing much to add, then a repeat sugggestion of waiting for the next wave of downfall to begin. On thursday morning at 9.25 Pm, the small fall which was seen in the last trading session now appears to open the way for a steep sharp fall, which could well extend into a full blown impulse taking the Nifty anywhere between 3500-3200 and possibly below that. The wave pattern from hereon will shed light on the targets. As written earlier, the markets always show the fall before the trigger is seen. What could the trigger be this time?

intra day picks.

due to volatility and less time no posting today also rest will b given on yahoo messanger .

NIFTY OUTLOOK FOR 20.04.07

as said yesterday a triangle is formed which is over today so we may see a rally upto 4025 and 4040 is the final resistance level as i think it may not cross this level today on lower side i am expecting 3965,3950 and we can see more fall as asian market behaves today our indian market is not behaved so may we have due on the brouses to show same reaction .and maximum chances is for range bound trading day for today as so many are waiting breathlessely for 24th rbi meeting so plz b cautious as international market also trading lower so we also may open in -ve vias.
more on yahoo messanger

FII'S VIEW ON 24TH MEETING OF RBI

With the RBI just increasing their key lending rates, repo rate and CRR this Friday, FIIs are expecting one or two more rate hikes, not necessarily on April 24(When annual policy statement for 2007-08 will be announced), but maybe after 2-3 months. RBI hiked repo rate by 25 bps to 7.75% with immediate effect.
Experts feel that the RBI will not will not play around with the key lending rates in its annual policy statement for 2007-08 on April 24, as it already took some measures to tame inflation.
FIIs, like Adrian Mowat, JP Morgan, see that the problem of overheating is likely to keep the Indian equity markets underperforming.
Executive Director and India Economist of JM Morgan Stanley, Chetan Ahya forecasts one more rate hike and expects one to see a tightening of monetary policy in the next 12 months.
A slowdown in global capital flows will reduce the pressure on RBI to tighten aggressively, either in the form of CRR or repo rate hike, he said.
Ahya said, “one should expect at least 1-2 more rate hikes. But the situation is dynamic; if we get more capital flows, like we have got in the last seven weeks, one could expect RBI to continue to tighten at least in form of CRR hikes going forward, to neutralize those capital inflows.
I would say the probability of the April rate hike has definitely reduced in the near-term. April 24 should kept out of the way. We should now look at whether RBI is going to do more rate hikes or not. There are probably more rate hikes - not necessarily on April 24, but maybe after 2-3 months, depending upon how the macro conditions pan out after that."
He said that the probability of second rate hike is very high because till now whatever measures RBI has taken, it has not seen any evidence of a slowdown particularly in the form of credit growth.

"The last number we have seen is still at around 29%, which is pretty much close to an all time high. So basically, RBI will probably continue to tighten with at least one hike and a probability of a second rate has increased," said
Ahya.

post market analysis

The barometer index ended with modest losses after plunging sharply in early trades, as buying resumed late at the lower levels. Local bourses were gripped by acute volatility, but at the end were able to outperform their global peers. Weakness around global markets made its way on to the domestic bourses right from the word go.
The 30-share BSE Sensex was down 52.49 points (0.38%), at 13,619.7. It had opened lower, at 13,538.71, and slumped to a low of 13,423.64, tracking weak global markets. However, the barometer index begun retrieving lost ground and had even touched a high of 13,658.11, after buying resumed.
The S&P CNX Nifty declined 13.95 points (0.35%), to 3,997.65.
The market stayed weak as selling continued in the late-afternoon session of trades. However, strong buying began in the late-afternoon, helping the market wipe out the earlier sharp losses.
Global markets underwent a steep correction. All European as well as Asian indices were trading with losses.
The market-breadth, an indication of the market’s health, was weak as well. A host of stocks from the smallcap and mid-cap space faltered. For 1,341 stocks that declined on BSE, 1,179 advanced. In morning trade, the breadth was weak, but had recovered to unity. However, the breadth collapsed once again later. A total of 97 scrips have remained unchanged.
The BSE Mid-Cap Index settled at 5,652.08 while the BSE Small-Cap Index closed at 6,905.29, both without much of a change.
The BSE cash turnover was Rs 4,158.52 crore while the total market wide turnover was Rs 45893.6 crore.
Among the 30-Sensex pack, 16 advanced while the rest declined.
Cement major ACC was down 4.16% to Rs 782.75, despite reporting a surge of 54.5% in net profit for Q1 March 2007. ACC was the top loser, clocking volumes of 8.07 lakh shares. The cement firm reported a surge in net profit in the March 2007 quarter to Rs 363.75 crore from Rs 235.42 crore in the March 2006 quarter. Net sales surged 26.1% to Rs 1674.83 crore from Rs 1327.52 crore. Firm prices of cement, a key construction commodity, boosted the company’s results, which trickled in some time back. The company’s board also approved sale and transfer of RMX Business, to ACC Concrete, a new, wholly-owned, subsidiary which has been incorporated for the purpose.
HDFC (down 2% to Rs 1563.50), Bajaj Auto (down 2.08% to Rs 2445), Bhel (down 1.82% to Rs 2507.50) and ONGC (down 1.49% to Rs 892) were the other losers.
Frontline software stocks slipped on profit-booking. The BSE IT Index was the top-loser among sectoral indices. It lost 75 points (1.5%). Infosys (down 1.82% to Rs 2040), Wipro (down 0.38% to Rs 584), Satyam Computers (down 2.56% to Rs 449.80) and TCS (down 0.16% to Rs 1244.95) dropped.
Larsen & Toubro (L&T) gained 0.39% to Rs 1666, on reports that the company had plans for facilities in China. The facilities being planned are for machines, switchgear, valves, tyre-curing and pressing and coal gassification. Larsen & Toubro plans to source the raw material required for forgings and castings for its manufacturing bases in India. Further, the firm is planning an initial investment of $ 11 million to introduce new products in the Chinese market.
Index heavyweight Reliance Industries (RIL) rose 0.24% to Rs 1490, on a volume of 13.87 lakh shares. The scrip had recovered from a low of Rs 1462, and surged to a high of Rs 1499.50, an all-time high. RIL has scheduled a meeting of the board of directors on 26 April 2007, to consider the unaudited financial results for the quarter & year ended March 2007. Also, as per a report in a newspaper, RIL has discovered significant quantities of gas in an offshore block in Saurashtra, Gujarat. RIL is the operator of the block with a 70% stake, while Oil India has the remaining 30% stake.
Gujarat Ambuja Cements was the top-gainer, up 1.81% to Rs 115, on a volume of 17.18 lakh shares.
State-run State Bank of India (SBI) gained 1.70% to Rs 1053, on a volume of 9.05 lakh shares. The state-run lender had surged sharply from a low of Rs 1014, to a high of Rs 1062.40. The Cabinet today approved changes in a banking law to impart greater operational freedom to SBI’s subsidiaries, a government spokeswoman said. After the news, shares of three such SBI subsidiaries - State Bank of Mysore (up 10%), State Bank of Travancore (up 5%) and State Bank of Bikaner & Jaipur (up 1.49%) advanced. Four other subsidiaries were not listed on the stock exchanges. It may be recalled that in May 2006, the government moved a bill in Parliament proposing the reduction of State Bank of India’s stake in its seven subsidiaries to 51% each from the mandated level of 55%. Amendments were also proposed to ease restrictions on fund-raising and individual share ownership. There was also a move to raise the voting rights of investors in SBI’s subsidiaries from the existing 1% to 10%.
Helped by SBI and ICICI Bank, the BSE Bankex settled 0.6% higher, at 6,848.85.
Cigarette major ITC advanced 1.24% to Rs 159, on volumes of 15.32 lakh shares.
Auto counter Hero Honda (up 1.10% to Rs 656) and Maruti Udyog (up 1.47% to Rs 779) were the other gainers.
ICICI Bank moved higher by 1.52% to Rs 910.55, and recovered from an initial 2.98% drop to Rs 870.10. According to a news report, the Reserve Bank of India (RBI) is likely to permit Temasek and the Government of Singapore Investment Corporation (GIC) to raise their stakes in the private bank to 10% each. Temasek holds 7.41% stake in ICICI Bank and Government of Singapore Investment Corp (GIC) 2.29%. The two cannot currently buy more shares of ICICI Bank since their combined stake already stands at almost 10%, the limit for a single foreign institutional investor (FII) in one company.
Advanta India settled at a premium, at Rs 850.05, on high volumes of 58.80 lakh shares on BSE. It was listed on BSE at Rs 640, and had retreated sharply to a low of Rs 591, before a U-turn to strike a high of Rs 992.90. Advanta India, a subsidiary of United Phosphorus, had fixed Rs 640 per share as the issue price.
Shares of tyre makers surged after MRF reported a surge of 511.9% in net profit in the March 2007 quarter. MRF surged 6.55% to Rs 3640 on high volumes of 8,887 shares. JK Industries (up 12.70% to Rs 130), CEAT (up 9.83% to Rs 138), and Goodyear India (up 6.26% to Rs 152) advanced. A sharp fall in natural rubber prices also aided the surge in tyre scrips. Tokyo September 2007 rubber futures tumbled by the daily 10-yen limit to 286.9 yen ($2.42) per kg.
MRF’s net profit jumped 511.9% to Rs 35.74 crore in Q2 March 2007 from Rs 5.84 crore in Q2 March 2006. Net sales surged 23.1% to Rs 1083.52 crore from Rs 879.60 crore. As per recent reports, tyre makers plan to import some natural rubber this year to ensure adequate supplies and keep a check on domestic prices.
Punj Lloyd rose 1.59% to Rs 185.40, after it won a $ 44.9 million pipeline contract in Qatar. The new contract with extension involves the engineering, procurement and construction of fuel farm, fuel receiving station, jet fuel hydrant system, ground service equipment fuel system, ground service equipment washing system, portable water station and operation office, parking facility for hydrant dispenser vehicles, triturator facility, special fuel system equipment, special systems in building / facilities (BMS/CCTV). The project will be completed by December 2008.
MNC associate bearings manufacturer, SKF India, surged 6.39% to Rs 354.45 on expectations of strong Q1 March 2007 results. It unveils Q1 March 2007 results on 26 April 2007.
Apollo Tyres gained 5.7% to Rs 300.40, after a sharp fall in natural rubber prices, a key raw material in the manufacture of tyres.
Sterling Biotech rose 3.57% to Rs 172.65. It was the fifth-biggest gainer from the ‘A’ group. The stock rose for the second day in a row. It had risen 16.1% on Wednesday (18 April) to Rs 166.70. The company today reported 25.8% growth in net profit in March 2007 quarter to Rs 38.05 crore (Rs 30.23 crore).
Deccan Aviation jumped 5% to Rs 114.10, on news that the company was close to finalising a deal for raising $75 - 100 million. The company has given a mandate to Edelweiss Capital to raise these funds to finance its fleet expansion, build on-ground infrastructure, and strengthen its training and engineering capabilities. The funds are likely to come from private equity investors, news papers reported on Thursday. The diversified Anil Dhirubhai Ambani group and Texas Pacific Group are among the potential investors.
Kirloskar Brothers lost 1.53% to Rs 363, even as the company bagged an order worth Rs 336 crore. Kirloskar Brothers said on Thursday it had received an extension for the Gandikota Lift Irrigation Scheme and the new project was worth Rs 336 crore.
Network services company, GTL rose 0.37% to Rs 164.70, as its board decided to consider a buy-back of shares on 25 April 2007.
Tata Chemicals gained 2% to Rs 214.80, after the company said on Thursday a tribunal of the central excise had set aside an order of excise commissioner, Haldia, Kolkata, seeking duty and penalty of Rs 557 crore. The tribunal passed its order overruling the excise commissioner’s directive on 27 March 2007, the company said in a statement.
The Hang Seng Index in Hong Kong was down 2.30%, while the Nikkei 225 Index had lost 1.67%.
The Shanghai Composite Index fell 4.52%, to end at 3,449.01, after hitting an intraday low of 3,358.93. It was the biggest daily drop in the index since 27 February 2007, when it fell nearly 9% — unsettling global markets. Chinese shares plunged with a heavy turnover on Thursday on concerns that the Chinese government may raise interest rates to cool its rapidly growing economy.
Traders noted fears among investors that China’s macroeconomic data for March might suggest the economy was overheating, which could prompt a rate hike from its central bank.
China’s gross domestic product (GDP) in the first quarter grew 11.1% from a year earlier, compared with a 10.4% annual rise in the fourth quarter of 2006.
The government on Thursday decided to exempt services exports from service tax and boost merchandise exports by fixing a target of $160 billion for 2007-08.
Announcing the annual supplement of the Foreign Trade Policy, Commerce and Industry Minister Kamal Nath said the export target of $125 billion for 2006-07 had been met and the government hoped to achieve $160 billion in the current financial year.
“Besides merchandise exports, the country also exported services worth $76.10 billion,” he said.
The government has also extended the popular Duty Entitlement Passbook (DEPB) scheme for exporters till March 2008. A new scheme to replace DEPB would be finalised by then.
According to the Meteorological Department, India’s annual June-September monsoon rains are likely to be 95% of the long-term average, as per weather office statement. The monsoon is the main source of water for agriculture in India.
Global crude oil futures rose slightly Wednesday on energy stockpiles report. Light, sweet crude for May delivery added 3 cents to 63.13 US dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery rose 11 cents to 66.04 dollars a barrel on the ICE Futures exchange in London. The Energy Department reported on Wednesday that its crude inventories fell by 1 million barrels last week, while its gasoline stockpiles fell 2.7 million barrels.
The Dow Jones industrial average closed at an all-time high on Wednesday, as stronger-than-expected profits from JP Morgan Chase & Co eased on concerns about the impact of the subprime lending crisis on big banks. The Dow Jones industrial average gained 30.80 points, or 0.24%, to close at a record 12,803.84. The Standard & Poor’s 500 Index added 1.02 points, or 0.07%, to finish at 1,472.50. But the Nasdaq Composite Index slipped 6.45 points, or 0.26%, to close at 2,510.50.
FII inflows have picked up after Infosys gave a strong guidance for FY 2008 in dollar terms, setting to rest concerns about the impact of a slowdown in the US on India’s IT sector. FIIs were net buyers to the tune of Rs 788.30 crore on Monday (16 April), the day when the Sensex had surged 312 points in a global rally. They were net buyers to the tune of Rs 648.50 crore on Tuesday (17 April). FII inflows for the first few days of April 2007, stand at Rs 3804.30 crore (till 17 April).
As per provisional data, FIIs were net buyers to the tune of Rs 465 crore on Wednesday (18 April). Domestic institutional investors were net buyers to the tune of Rs 19 crore on the same day.

hi

as mentioned on yesterday abt today performance we find the same way market reaction .

TOMORROW SAFE BET FOR INTRADAY

BEML@CMP TARGET 975-85-90 BUT FIRST CHECK THE MARKET DIRECTION.AS IT IS SAFE COUNTER NOW SO YOU CAN TAKE POSITIONS ALSO .

due to high volatility in the markets no posting on intraday calls

as general intraday calls ll b given through yahoo messanger..

post market analysis

The market edged higher today, extending a recent solid rebound but profit-taking at the higher levels capped gains. Although market-breadth ended positive, it had weakened in the latter part of trading. Subdued European markets pulled the Sensex down from a near two-month peak in afternoon trade.
Tata Steel dropped due to concerns of equity dilution after they unveiled funding plans for the Corus acquisition. PSU banks extended their uptrend. Auto and cement shares dropped. IT pivotals were mixed. Index heavyweight Reliance Industries (RIL) struck a new all-time high.
The 30-share BSE Sensex gained 65.15 points (0.48%), to 13,672.19. It had come off the higher level after surging as many as 155.88 points, to 13,762.92 at 13:15 IST, its highest level since 23 February 2007.
The S&P CNX Nifty advanced 26.65 points (0.67%), to settle at 4,011.60.
Against 1,324 stocks that rose on BSE compared to 1,243 that declined. Just 93 scrips were unchanged. Gainers outpaced losers by a ratio of 1.06:1. In early-afternoon trade, the advance-decline ratio was a 1.65:1.
European markets opened on a subdued note today despite gains in Asian markets. Key benchmark indices in London, Germany and France were down between 0.2 - 0.5%. Asian markets edged up after data eased fears over inflation in the United States, a key export market for the region. Key benchmark indices in Japan, South Korea, and Taiwan were up between 0.4 - 0.8%.
Firm global bourses and continued FII-buying, have boosted the bourses over the past few days after the Sensex tanked 617 points in a single trading session on 2 April following the Reserve Bank of India (RBI)’s surprise hike in interest rates announced after trading hours on 30 March 2007. From a low of 12,455.37 on 2 April 2007, the Sensex has gained 1,216.82 points (9.76%) in a short while.
Stocks across the globe have surged over the past few weeks amid growing confidence that the benign backdrop of solid global economic growth and moderate inflation will continue. Global liquidity still remains strong. It has helped global markets recover quickly from recent steep corrections.
FII inflows have picked up after Infosys gave a strong guidance for FY 2008 in dollar terms, putting to rest concerns of the impact of a slowdown in the US on India’s IT sector. FIIs were net buyers to the tune of Rs 788.30 crore on Monday (16 April), the day when the Sensex had surged 312 points in a global rally. They were net buyers to the tune of Rs 648.50 crore on Tuesday (17 April). FII inflows for the first few days of April 2007, stand at Rs 3804.30 crore (till 17 April).
Stock-specific activity is likely on the bourses in the near-term, as the earnings reportage season has just begun. On 24 April 2007, the Reserve Bank of India (RBI) will announce an Annual Policy Statement for FY 2007-08. There are concerns among market men that interest rates may go up further since inflation remains above the RBI’s target range of 5 - 5.5%. Higher interest rates raise borrowing costs and impact corporate profits.
In today’s trade, sectoral indices on BSE were mixed. The BSE Healthcare Index added 57.68 points (1.56%), to end at 3,762.60. It was the top-gainer among sectoral indices on BSE. The banking sector index, the BSE Bankex, advanced 72.22 points (1.07%), to 6,810.72. The BSE Tech Index, which is a free-float index comprising IT, telecom and media shares rose 31.14 points (0.85%), to end at 3,677.68
The BSE Auto Index lost 21.74 points (0.45%), to finish 4,843.53. The BSE Metal Index lost 22.29 points (0.24%), to end at 9,415.02.
The BSE clocked a turnover of Rs 3961 crore, compared to Tuesday’s Rs 4565 crore.
Infosys shed 0.3% to Rs 2075. The stock had declined 2.1% to Rs 2081.70 on Tuesday (17 April) after the rupee struck a nine-year high against the US dollar. The rupee’s surge is a cause of concern for IT firms, as it directly impacts their revenue and profits, a lion’s share of which is accounted for by exports.
At the time of announcing Q4 March 2007 results, Infosys had pointed out that its operating margins would be impacted by about 150-160 basis points (bps) due to rupee inflation and by 300 bps on account of wage inflation. The company plans to compensate the impact through improved utilisations, lower losses in subsidiaries and scaled benefit from selling & general as well as administration expenses.
Tata Steel dropped 3% to Rs 511.60. However, the stock came off the lower level attained on losing as much as 6.1% to Rs 496.35, at the onset of the trading session. A whopping 47.4 lakh shares changed hands in the counter on BSE.
Tata Steel said on Tuesday it will raise Rs 3655 crore ($872 million) from a rights issue, to fund a $12-billion acquisition of Anglo-Dutch steelmaker Corus Group. The Indian steelmaker will offer a rights share at Rs 300 each in 1:5 ratio. Tata Steel also plans to raise Rs 4350 crore from the rights issue of preference shares, the company said. It was also looking at a foreign issue of an equity-related instrument to raise up to $500 million, with an issue of global depositary receipts being an option.
Automobile makers slipped. Bajaj Auto lost 3% to Rs 2471. The stock had surged 4.2% in the past two trading sessions following reports that India will enjoy a healthy monsoon. Tata Motors shed 1.1% to Rs 722.
Cement pivotals slipped on profit-taking. Grasim shed 1.5% to Rs 2336 and Gujarat Ambuja Cements (GACL) shed 0.7% to Rs 112.90. Cement scrips had recovered from a lower level over the past few days on expectations of strong March 2007 quarter results from cement firms. ACC unveils results on 19 April 2007, followed by GACL on 20 April 2007.
ONGC gained 1.6% to Rs 905.50. Recently, the company had unveiled its expansion plans.
PSU banks extended gains, triggered by data showing cooling of inflation for the week ended 31 March 2007. State Bank of India gained nearly 3% to Rs 1037, Andhra Bank rose 5% to Rs 82.75, Corporation Bank rose 3% to Rs 312, Bank of India advanced 2.8% to Rs 188.25, and Punjab National Bank gained 1.9% to Rs 476.90. India’s wholesale price index rose 5.74% in the 12 months to 31 March 2007, lower than an increase of 6.39% a week earlier, data showed on Friday (13 April 2007).
HCL Tech jumped 6.6% to Rs 322, after reporting strong Q3 March 2007 numbers on completion of trading on Tuesday. The consolidated net profit as per US GAAP rose 15.9% on a sequential basis to Rs 331.80 crore from Rs 286.20 crore in Q2 December 2006. Revenue rose 7.6% to Rs 1577.10 crore from Rs 1465.10 crore.
Dish TV settled at Rs 102.55 on BSE. The stock debuted at Rs 120, which is also its high so far. Dish TV also hit a low of Rs 100. Volumes in the scrip were a huge 1.88 crore shares on BSE. Dish TV has nearly 2 million subscribers and competes with a joint venture between Tata group and News Corp as well as state-owned Prasar Bharti.
Index heavyweight Reliance Industries rose 0.6% to Rs 1485. The stock hit a high of Rs 1495, which is a lifetime high for the scrip. The stock has surged this month after Chairman Mukesh Ambani had said on Monday that the petrochemicals cycle was yet to peak.
NTPC surged 3% to Rs 161.90. The stock hit a high of Rs 163.55, which is a lifetime high for the scrip. A strong 16.8 lakh shares changed hands in the counter on BSE
Telecom stocks advanced on strong growth in new subscriptions in March 2007. Bharti Airtel rose 1.7% to Rs 813 and Reliance Communications gained 0.5% to Rs 435
Siemens dropped 4% to Rs 1065. Siemens announces Q2 March 2007 results on 23 April 2007.
Metal shares extended gains tracking firm global metal prices. Hindalco gained 1.3% to Rs 145.20, Sterlite Industries rose 2.8% to Rs 522.95 and Hindustan Zinc advanced 4% to Rs 667. Copper, zinc and aluminium futures rose 2.5 - 6% on London Metal Exchange (LME) on Tuesday.
Praj Industries dropped 2.3% to Rs 451.75, even as the company announced a liberal 1:1 bonus during trading hours.
GTL jumped nearly 17% to Rs 163, on rumours that the company will announce a buy-back of shares. As many as 28 lakh shares changed hands in the counter on BSE.
Godavari Fertilisers rose 0.9% to Rs 124. The company reported 44% fall in net profit in the March 2007 quarter, to Rs 6.20 crore (Rs 11.07 crore).
Genus Overseas Electronics surged nearly 3% to Rs 290, after reporting a 58% surge in net profit in the March 2007 quarter at Rs 12.63 crore (Rs 8 crore).
Construction firm Valecha Engineering dropped 1.4% to Rs 228.40, even as the company secured orders worth Rs 100 crore, the new set of contract taking the company’s order-book close to Rs 1000 crore.
Infotech Enterprises plunged 5% to Rs 366, after the company today reported a surge in net profit in the March 2007 quarter to Rs 20.90 crore from Rs 10.60 crore. Net sales surged to Rs 96.58 crore from Rs 65.20 crore.
Software services firm Prithvi Information Solutions gained nearly 3% to Rs 293, on reporting 49% growth in net profit in the March 2007 quarter to Rs 26.01 crore from Rs 17.50 crore in the March 2006 quarter. Net sales surged 89% to Rs 259.22 crore from Rs 136.97 crore.
TV Today gained 5% to Rs 147.30, as Reliance Capital announced an open offer worth up to Rs 151 crore to raise its stake in the news broadcaster by up to 20%.
Petron Engineering Construction jumped 5.4% to Rs 148, after the company said on Wednesday it had won a contract worth Rs 37.76 crore from China’s Sichuan Fortune Project Management Company.
Alfa Laval India dropped nearly 4% to Rs 944, after its Swedish parent shot down rumours that it would revise upwards the open offer price of Rs 875 per share for raising its stake in the Indian subsidiary. The scrip had spurted 9.3% to Rs 981.60 on Tuesday (17 April).
ICRA lost 2% to Rs 889. The stock had dropped on Tuesday after a solid surge since the debut on Friday (13 April). Pent-up demand for the scrip from the IPO, which was subscribed 75 times, had kept the counter ticking.
Wall Street traded mostly higher on Tuesday, briefly pushing the Dow Jones industrials into record territory, after a rise in home construction and a mild reading on consumer inflation encouraged investors to buy. The Dow traded as high as 12,790.02, passing its closing high of 12,786.64 set on 20 February 2007, and approached its trading high of 12,795.93, attained on the same day. Dow Average settled 52.58 points, or 0.41%, up at 12,773.04. Broader stock indicators were mixed. The Standard & Poor’s 500 Index rose 3.01 points, or 0.20%, to finish at 1,471.48, while the Nasdaq Composite Index fell 1.38%, or 0.05%, to 2,516.95.
US March housing stats rose 0.8% — a feeble rise compared with February’s 7.6% advance, but much better than the drop investors expected. Building permits also rose. US stocks have had many tumultuous weeks this year due to worries about the financial troubles of the subprime lending sector spilling into the already sluggish housing market.
The US Labour Department’s core consumer price index rose 0.1% in March, less than expected, and alleviating some anxiety about the Federal Reserve’s need to raise interest rates to curb costs. The overall consumer price index, which takes into account energy and food, rose 0.6% in March — the largest increase in 11 months — and was in line with expectations.

long term call

buy whirlpool @cmp target48-55 no sl required.

nifty outlook for 19.04.07

continous of higer trading with very marginal volumes and not showing strenght at upper levels of 4025-30 is showing the reason of reversal as expanding triangle developed on the charts is showing that immediate support and strong support level is 3980 if it manages to break this level then we can see more 60 points fall in nifty same day .and on upper level 4025-4058-4070 are very crucial levels which i can say that almost confirm that we are not going to cross these levels tomorrow as charts are expressing their way as today us market is trading higher after that also i am saying like that then beting a big risk on my analysis .as we can see range bound trading at higher levels ..but if it comes down then it will not range bound if it breaks then i am sure it ll not give u time to think also .

as on 24th rbi is also meeting and so many kinds of rumours are floating in the market ..so we cant take it seriously but my dear all prevention is always better then cure ..so as higher mkt goes sell ur longs slowely ...

our short term call

our short term call posted on 30th march on prak industry is gained over 30% and goderaj consumer also so kindly book profits in these counters. accordingly atleast book your 50% here .or 70% you can book here..

no intraday calls for today

all intraday calls given through yahoo messanger.

short term delvery call

buy bongaigaon rafinary @43 sl 39 target 50-55-63

NIFTY OUTLOOK FOR 18.04.07

NIFTY.......great to spell and so tough to explain ...as the uk infaltion is not favaourable for the uk and it's trading lower international cues are also strong but some rumours are also coming to indian market which make me to take cautions as today we see profit booking not too much a little bit .but today is over and we start thinking about tomorrow what will happen tomorrow .

as dow is trading with a big gain and nasdaq is trading on a marginal gain and rest world market almost down...so i am expecting a week opening with 15-25 low opening after that market can only show buying with banking as today it is worst in the market ..and cement rally today but tomorrow we i am not geting sector to give rally as metal also i am expecting some cooling off as metal pack gives very smart rally these days .tomorrow range of nifty is 3975 major support and resistance we can see at 4009 if it crosses then we can see 4040 here is the profit booking point ..for all longs and sl for all short covering ..

b cautious today ..

STOCKS TO WATCH ON 17.04.07

BUY WITH PROPER SL THIS IS NT A TRADING CALL BUT THEY ARE SAFE BETS FOR TOMORROW THEY GIVE YOU GOOD RETURN CHANCES ARE MORE TO PERFORM.

RANBAXY,MAHASEAMLESS,RPL,SATYAM.

NIFTY VIEWS FOR 17.04.07

NIFTY VIEWS FOR 17.04.07 .

I DONT WANT TO EXPLAIN MORE AND I CANT SAY THAT MARKET FALLS AS CHARTS SAYING ALL THE TRUTHS BUT SEE THE MIRACLE ..BUT TOMORROW IS THE DAY OF CAUTION.

NIFTY LEVELS-4040 CAN B SEEN ON UPPER HAND ...AFTER THAT A PROFIT BOOKING CAN BE SEEN IN THE MARKETS UPTO 3970-3950 LEVELS.KEEP SL OF YOUR ALL LONGS AT 3910.

NIFTY VIEWS FOR 17.04.07

NIFTY VIEWS FOR 17.04.07 .

I DONT WANT TO EXPLAIN MORE AND I CANT SAY THAT MARKET FALLS AS CHARTS SAYING ALL THE TRUTHS BUT SEE THE MIRACLE ..BUT TOMORROW IS THE DAY OF CAUTION.

NIFTY LEVELS-4040 CAN B SEEN ON UPPER HAND ...AFTER THAT A PROFIT BOOKING CAN BE SEEN IN THE MARKETS UPTO 3970-3950 LEVELS.KEEP SL OF YOUR ALL LONGS AT 3910.

today's performances

bharti achieved our given target ,
fsl achieved given target .

cairn achieved given 1 st target .

our short term call tata elexi is doing well

our short term call tata elexi is given just before 10 days back is doing great almost 20% appreciation ...one who wish to book they can book 50% here and hold 50% for moreupmove upto 340-360 .

intraday call -16.04.07

buy bharti airtel @773-776 sl 760 target 785-790

buy FSL @market sl below rs 1 and target rs 2.5-3 rs up

wait do not buy steel stcoks today in hurry as a news from cabinet ministry is awaited.

cairn energy @129-130 sl 127.1 target 132-135-138

wish you all happy trading ..buy with proper sl .

nifty outlook for 16.04.07

as we saw a smart rally in nifty as tomorrow we have another major it result after market hours tcs.expect nifty to touch 3950-3970 but b aware from noon we can see some colling off in the markets so dont play blindely like friday because everyday is nt friday keep proper sl downside nifty can touch 3903 and this level broken we suddenly watch on 3882-3870.

as international market is up so we expect a positive opening with a gap . but the rsi of nifty is showing in overbought conditiond so b carefull.

stocks to watch -on 13.04.07

this is not intraday call but safe counters for today .if you like then trade in these.

polaris,herohonda,beml,ongc

later intraday call will b given through yahoo messangers if i found market suitable to me .and plz watch market first .dont think so that u missed anything .

a great ...theme of analysts ..

see the example and you tell me i cant say anything .

a analyst call like this for today.

13.04.07-
nifty - res- 3860-3883-3900
- sup- 3805-3790-3750

some writes like that - if nifty go below 3805 then go short if nifty above 3850 buy .no body explains for how long nifty ll trade 3805 so many times i do this then what happens i go short below 3805 levels it go down till 3795 and runs to 3825....hahaha down by only 10points and up by 30 points every time it happens then apply your brain or depend on some one who gives you reason why he think like that what's the support and resisitance levels ...nothing it's known by every one after that also every one is paying huge amount to these analysts yeah they do one best thing only is that they are expert in stocks tracking ..which a general people cant do this .because you cant do in lack of time in lack of knowledge so ...before forwarding any steps 'apni akal lagao then paisa lagao'

do not follow me also blindely .....if you thik i am puting reasonable reasons behind my logic then go for that suggestion ..

this is not written with any intention to create disput on any analyst this is my personal views.so i am requesting analysts plz put proper logic behind your res levels and support levels ..

NIFTY OUTLOOK FOR 13.04.07

HI ,
today i am again writing some stuffs about media all tv channels are saying market is direction less due to infosys results can they tell me today market is in down whole day and infosys is in up what's this then any one can say that due to international markets are down yesterday so we also . great' then today all europeon markets are trading higher then tomorrow we also go up then whats the need of technical analysis go see international markets and trade .simple na ?friends dont get confused i just want interpret you all that we are get effected by international markets when some thing hit global sentiment.today their fed gives good decision then their markets are trading in green it not happen with also .

yes i am also agreed that due to infosys results markets showing some nervoiusness but merket is what ?we are market and we get confused can you all tell me how many of you trade everyday infosys ?i think only 20 in 100 so why we all get nervous with infosys results look for some value counters also .

as i feel market can open in negative sentiments and after 10 minutes it will show it's direction so plz wait for atleast 10 minutes.for tomorrow nifty final support is 3750 if any level broken then sure we can see 3750 and upper level which it was not going to cross is 3893 .and more i ll send you on yahoo messanger as i get confused after seeing charts .but my overall view is bearish friends .this is nt guide you all to sell or short this i am expressing that because of 'caution' only so you can also take caution.

a tradition in markets if bull phase going on then so less peoples earn and if bearish phase going on then every one loss....in the markets so my these staments for all of them who doesnt earn much in bull market then y they loss more in bearish market take caution market expiry ll be 3980-4000+ but once it can touch 3680

ELLIOT WAVE ANALYSIS FOR NIFTY 12.02.07

WAVE 'C' COMPLETE? Nifty as expected unfolded Wave 5 of C. This appears to be a short wave and it now appears that Nifty has started the next leg of the decline. A break below 3850 triggers a decline and any CLOSE below 3817 now will confirm the same. Protect longs if any with extremely strict stop loss levels, AND FOLLOW THEM

PARSVNATH DEVELOPERS.- A FACT

Type: Engineering, Constructions, Automobile Shipping
Current Price: Rs 278
Target Price: Rs100Time Outline: 12Months

Reason for Recommendation 1: The scrip certainly is in deep downtrend and this could go much lower because there was a lot of fizz about this scrip.

Reason for Recommendation 2: Perhaps the investor now needs to keep a stop of about Rs 222 on Parsvnath , this stock will under perform even if does not go much lower from here.

Reason for Recommendation 3: Most of all I have doubts as to the execution capabilities of management given the number of projects the company has gobbled up in the recent past.

Reason for Recommendation
4: Its SEZ ventures are risky owing to the nature of its business been related to dealing with the government policies.

Reason for Recommendation 5: There can be agonizing negative cash flow issues relating to its hostile procurement of projects.Sector Notes/Buoyancy: Real Estate development the main business of the company is notorious in nature when it comes to execution of large projects in Metro Cities Investment Risk Notes: High Risk to Hold the fizz seems to come to an end from here.
Conclusion: SellCompany

Website: http://www.parsvnath.com

a general request.

plz dont ask for intraday calls during market hours as i feel anything good then sure i am sending you as i send u gesco a very first call of the day after a hours so plz try to understand the situation of markets it better to do nt trade inspite of giving losses.
and i am dont belive that if 10 calls given and 5 runs it doesnt work ..so co-operate with us and if you have any quiry then plz ask but only abt stocks .
regards.

TODAY'S PERFORMANCES OF LIVE CALLS ON YAHOO MESSANGER AND ON BOLG ALSO

GESCO CORP GIVEN AT 609 WITH TARGET 620- TARGET ACHIEVED.

RANBAXY GIVEN AT 336 TOUCHES 339 AT LAST TIME.

BALRAMPUR CHINNI GIVEN AT 72.7 ACHIEVD 73.5

GDL GIVES RS 1 MOVEMENT IN FUTURE AS IT WAS FUTURE CALL .

AS I SAID NIFTY WILL COVER 15-20 AND IT'S COVERS.

less calls given due to the volatility hope u all understand ,so trade less but happily .

Nifty outlook for 12.04.07

as i am awaring you all from last two days market is not showing any strenght as i am stating fast reversal and it happens also but suddenly give bounce back and i am stating all time it's traping dont get trapped .but for tomorrow i am not mentioning any resistance like other analysts resistance and support i dont like to hold both coin sides with me tomorrow market can open in negative note as international markets are also trading in red.

so for tomorrow i am expecting a down fall in opening 15-25 points which may lead a sharp fall as we are not seeing any stability at higher levels from last two days markets are ending at marginal profit.so next levels which i found in nifty are 3810-3780-3750 final support .after that expect free fall .again keep in mind at 3900 levels nifty is having super resistance which i dont think so that it ll surpass tomorrow if happens then god knows in the market .and i can say that much only "truth is always stranger then fiction"

no intraday call posting if i found any suitable call then sure i ll send you through yahoo messanger.
b cautious n b happy .

A BLACK HORSE

BUY VAKRANGEE SOFTWARE @CMP AND ADD MORE QTY IF IT COMES DOWN TO 100-105 LVL WITH A MID-LONG TERM TARGET OF 450.

shoert term call

Shyam tele buy @105 -106 with sl 101.5 target 115-20-25 in very short term .

intraday calls 11.04.07

buy bajaj auto @2270-75 sl 2258 tgt-2290,2310,2350

buy sundram clayton@898.6-900 sl 885 tgt-920,930,950

buy fsl@72.1-0.4 sl 71.4 tgt-73.4,74

sell ador welding@196-97 sl 201 tgt 191,187,185.

important- as i am expecting high volatility today plz do nt trade in opening trade and b carefull with SL try to put SL .it's better.

infosys estimates....

Infosys Technologies is to announce its Q4 and FY07 results. According to CNBCTV18 estimates, the company is likely to report net profit of Rs 1039.08 crore (Rs 10.39 billion) in fourth quarter versus Rs 983 crore (Rs 9.83 billion) in the previous quarter, a growth of 5.7%.

nifty outlook for 11.04.07

nifty so tough to analyse today as the graph pattern it made today that kind of graph generally formed in correction phase or before correction...and plz dont get confused correction means 200-300 poitns as i state earlier also i am doing for very short term for tomorrow only as i told yesterday 23-30 poitns sudden reversal after 3830 and it happens today .as the graph formed i am not in favour to give you all target of nifty on upper side most probable chance to slip 40-70 points in nifty today or tomorrow . nifty strong resistant level is 3880.which personally i think now in mood to cross.

one more suggestion again dont make any fresh positions till infy results as it ll provide a direction to market .

a positive opening might lead to profit booking whole day.
nifty supports 3810 3785
nifty resistance 3885 3895

I have marked three days indicated with arrows...on all these days, nifty showed excellent gains but on the lowest volumes within that leg/ rally. The subsequent day had a significantly smaller trading range on higher volumes.
The subsequent action is interesting and I leave this for you to figure out.
Best trading strategy is wait for a convincing breakout above 3900 or below 3750. Either way gains would be very good so missing a part of the action shd not be a cause of concern.

no posting yesterday

due to internet problems i am unable to post anything yesterday .
regards.

HINDALCO INDUSTIRES A LONG TERM VIEW.

Target Price: Rs200Time Outline: 10Months

Reason for Recommendation 1: Hindalco Industries is one of Indias largest metal company and of the Aditya Birla Group, run by one of the worlds youngest billionaires, Mr. K.M. Birla. The company has annual sales of $ 2.19 billion and employs 13,675 people, with a total market value U$2.96 billion.

Reason for Recommendation 2: On February 11, 2007, the company acquired the Canadian company Novelis for U$6 billion, in all cash deal making itself the worlds largest rolled-aluminium producer. We recommend a Strong Buy and averaging this stock for those who have bought this already because the quarterly numbers were excellent and the company saw greater than 50% growth in all kinds of margins.

Reason for Recommendation 3: We believe the domestic demand story both for steel and for aluminum is very likely to grow and staying with the leader like Hindalco, you cannot go too wrong. Hindalco is listed on the Forbes Global 2000 list at the position 1821. Hindalco is trading at a PE Ratio of just about seven to eight times its latest numbers and it is just a matter of time before we could witnesss some very great value unlocking in this counter.

Reason for Recommendation 4: The company has a very long standing record of being an Investor friendly company.Sector Notes/Buoyancy: The metal industry is a key sector in the Indian economy as it meets the requirements of a wide range of important industries such as engineering, electrical and electronics, infrastructure,automobile and automobile components, packaging etc. The ongoing reforms in the power sector and focus on improving power infrastructure, is expected to further boost the aluminium sector in India has been achieving growth at a steady and sustained pace.Investment Risk Notes: The risk element stems from the possibility of rise in input costs, which may strain the margins. This is more so, as the buoyant trends in the commodity price cycle for caustic soda and chorine products are likely to persist.Conclusion: Strong BuyCompany Website: http://www.hindalco.net/

BUY CALL ADHUNIK METALS .LONG TERM CALL

Target Price: Rs60+Time Outline: 12Months
Reason for Recommendation
1: Profitability of Adhunik Metaliks is very likely to improve considerably owing to its access to mineral resources and its targeted focus on moving up the value chain. The top line and bottom line of the company are on a high growth path going at a CAGR of 75% and 89% over the next two years, leading to an imminent improvement in its top line and bottom lines.

Reason for Recommendation

2: At the CMP, the stock trades at 2.6x its FY2008E and 2.2x its FY2009E earnings of Rs 13.2 and Rs 15.8, respectively. I foresee that the stock will move mo0ve up to a target price of 60 irrespective of the market movement.

Reason for Recommendation

3: The company has carefully planned cost reduction on one hand and value-addition on the other, at all stages of its production cycle. The company's captive power plant of 35MW will save the power cost considerable hence contributing directly to its bottom line.

Reason for Recommendation

4: Also it has procured an allotment of coalmine in Orissa. This will certainly help in holding raw material costs this in turn translates into an integrated value-chain producer with end-to-end capabilities

.Reason for Recommendation

5: Adhunik Metaliks is on track to complete Phase II of its expansion plan; this includes new stainless steel making capacity of 0.12mn TPA. There is going to be a momentous change in the revenue-mix of Adhunik Metaliks towards the higher end value-added rolled segment, from 70 : 30 (billets : rolled) to 30 : 70. Due to this, I expect a considerable improvement in the margins, by around 500 bps. This shift will propel the company into the club of companies like Kalyani Steel, Monet Ispat, MUSCO and Mukand. Sector Notes/Buoyancy: Metals is a sector to be in this year. Conclusion: Strong BuyCompany Website: http://www.adhunikgroup.com

Apr 24 policy meet may not touch rates, say FIIs

With the RBI just increasing their key lending rates, repo rate and CRR this Friday, FIIs are expecting one or two more rate hikes, not necessarily on April 24(When annual policy statement for 2007-08 will be announced), but maybe after 2-3 months. RBI hiked repo rate by 25 bps to 7.75% with immediate effect.
Experts feel that the RBI will not will not play around with the key lending rates in its annual policy statement for 2007-08 on April 24, as it already took some measures to tame inflation.
FIIs, like Adrian Mowat, JP Morgan, see that the problem of overheating is likely to keep the Indian equity markets underperforming.
Executive Director and India Economist of JM Morgan Stanley, Chetan Ahya forecasts one more rate hike and expects one to see a tightening of monetary policy in the next 12 months.
A slowdown in global capital flows will reduce the pressure on RBI to tighten aggressively, either in the form of CRR or repo rate hike, he said.
Ahya said, “one should expect at least 1-2 more rate hikes. But the situation is dynamic; if we get more capital flows, like we have got in the last seven weeks, one could expect RBI to continue to tighten at least in form of CRR hikes going forward, to neutralize those capital inflows.
I would say the probability of the April rate hike has definitely reduced in the near-term. April 24 should kept out of the way. We should now look at whether RBI is going to do more rate hikes or not. There are probably more rate hikes - not necessarily on April 24, but maybe after 2-3 months, depending upon how the macro conditions pan out after that."
He said that the probability of second rate hike is very high because till now whatever measures RBI has taken, it has not seen any evidence of a slowdown particularly in the form of credit growth.

"The last number we have seen is still at around 29%, which is pretty much close to an all time high. So basically, RBI will probably continue to tighten with at least one hike and a probability of a second rate has increased," said
Ahya.
SOURCE-MONEYCONTROL.COM

SHORT TERM CALL

WE ARE STILL LONG ON OUR SHORT TERM CALL NEYVELI LIGNITE .AS IT PERFORM VERY WELL .

PARAMOUNT COMMUNICATION ONE CAN BUY FOR SHORT TERM GAIN OF 10-15%

STOCKS TO WATCH ON 09.02.07 IN LESS QTY FOR INTRADAY AS WELL AS SHORT TERM .

ZEE TELEFILMS ,APIL, SAIL,LANCO INFRA,RCOM,INDIACEM.

THIS IS A BUY CALL FOR INTRADAY AS WELL AS FOR SHORT TERM ALSO SO PLZ BUY THAT MUCH QTY ONLY SO YOU CAN TAKE DELVERY ALSO .

INTRA DAY CALLS FOR 09.02.07

BUY ABB @3583 SL 3550 TARGET-3650-3680-3700

BUY ACC @722 SL 712 TARGETS-745-752-780

BUY ANSAL INFRA@445 SL 435 TARGETS-470-475-480

NOTE PLZ FOLLOW STRICT STOP LOSSES.

INFOSYS - RESULT A TECHNICAL VIEW ...

Infosys being the market leader & its result having greater impact on the market direction, let us discuss some (technical) factors on the stocks.i)
NEGATIVE FACTORSa) Having gap @ 2040 & its a strong resistance till it is being filled up.b) Intermediate trend is down.c) Strong resistance @ 2150.ii)

POSITIVE FACTORSa) Holding 200 DEMA.b) Fibonacci retracement level : it is still holding 38 % retracement level.c) Directional index show recent downtrend is overstretched.d) Divergence in RSI.e) Weekly closing is a hammer.f) strong support @ 1825.g) weekly stochastics is in a buy mode.Conclusion:a) One can go long once gap @ 2040 is taken over.b) Fresh short to be avoided.c) For any investment SL 1825

.Note : I am bullish on infosys till it maintains 1825 level