MARKET VIEW 29.07.2009

The Sensex opened with a negative gap of 39 points at
15,293. The index rebounded into the positive zone to
touch a high of 15,379. The index mirrored trends in
Chinese markets and fell nearly 500 points from the
day's high, to a low of 1,888. The Shanghai Composite
dropped 264 points in the day and finally ended with a
loss of 172 points at 3,266 - due to fall in commodity
(copper) prices. Meanwhile, the Chinese government also reduced gasoline prices
by 3% citing lower demand from industries.
However, recovery in IT stocks and positive cues from the European markets
helped the indices recover partially. The Sensex finally ended at 15,173, down 158
points. The Sensex has, in the process, declined 206 points in the last three days.
The BSE realty, consumer durables and metal indices dropped 2-4% each.
The market breadth was fairly negative, Out of 2,724 stocks traded, 1,558 stocks
declined while 1,089 advanced. Meanwhile, the NSE Nifty ended with a loss of 51
points at 4,514.

MARKET VIEW

The Sensex opened with a positive gap of 54 points at 15,429.
However, weakness in banking stocks ahead of the RBI policy
review saw the index drop into red to a low of 15,241. The markets
however were unaffected by the status stance taken by the RBI in
its first review of the monetary policy. Fresh buying in realty
following the fresh stimulus by the government, and auto stocks
helped the index rebound into the positive zone and touch a high
of 15,463 - up 222 points from the day's low.
Lower-than-expected earnings from Hindustan Unilever saw the stock take asharp dip and with it the index. Weakness in Reliance and Infosys did not helPeither. The Sensex finally ended with a loss of 43 points at 15,332, with Reliance,
Hindustan Unilever and Infosys accounting for a loss of over 80 points on theindex, and ITC contributing 10 points on the positive zone.

MARKET VIEW 27 JULY 2009

Despite weakness in the stock of big boy Reliance Industries on the back of poor results, markets showed resilience and closed flat in today’s trade. Sensex lost 4 points to close at 15375, while Nifty ended at 4572, up 4 points. However, rest of the Asian markets closed with decent gains. BSE Midcap and Smallcap indices outperformed the benchmark indices significantly, putting on 1.6% and 1.5% respectively. Reliance Ind. finished lower by 3.7%. European markets were trading higher by about 1%. US stock indices futures were up by more than half a percent.
BSE Oil & Gas lost the most among the sectoral indices in today’s trade, plunging 3.1%, followed by Auto index, which lost 0.5%. FMCG index surged 3.6%, gaining the most, followed by Realty index, which was up 3.1%. HUL was the star performer among sensex stock, gaining 5.9%, followed by Tata Power, which gained 5.5%. Reliance Industries and Hero Honda were the top losers, shedding 3.7% and 3% respectively. Turnover at Rs. 75700 cr. was nearly 25% lower than that of Friday.

ADANI POWER DETAILS

The research report on Adani Power's initial public offering (IPO). Adani Power will open for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
According to the research , Adani Power's pre-IPO net present value (NPV) is of Rs 68-93 per share.
Adani Power is expected to add highest generation capacity in the Eleventh Plan among private sector players and plans to increase its capacity from 330MW as of June FY09 to 6.6GWMW by April-2012. Current IPO proceeds of Rs 196- 218b are towards part financing of the same

WEEK AHEAD

COMMING WEEK

The equity markets globally have been witnessing a positive momentum since the past couple of weeks. This can be attributed to the results of certain companies which have exceeded expectations and the positive economic data. There have been some negative news as well for the market during this period, but the market has been broadly ignoring those. Though this may be a cause of concern for the market going forward, the present undertone of the market is looking positive. The Sensex and Nifty have been breaching some important levels on the upper side along with the Dow Jones and S & P 500 in the US. Any downward correction could witness good support from the buyers as this has been a global phenomenon in the recent times.

WEEKLY REPORT

MARKET ENDING THIS WEEK :

SENSEX CLOSING :15379 +634 (4.30%)

NIFTY : 4569 +194 (4.43%)

BANK NIFTY :7386 +155 (2.14%)

MIDCAP :5770 +296 (5.42%)

WAR RELIENCE + ADANI POWER

RELIENCE ENERGY VS ADANI POWER

MARKET VIEW

The NSE Nifty today opened at 4,410 and touched a high
of 4,502 and then erased some of its gains to touch a low
of 4,406. The positive triggers for the markets today were
mainly - a 6.5% growth in core sector index in June as
against 5.1% in the same month last year on improved
production in cement, coal, crude oil and electricity. Good
numbers from Maruti, ITC and ACC also boosted the
sentiment.
The Nifty finally ended at 4,524, up 125 points from the previous close. The
market breadth was fairly positive, out of 2,718 shares traded, 1,804 shares
advanced and 833 declined today.
The Index of Industrial Production (IIP), stood at 251.6 in June 2009 as against
236.3 in the same month last year, the Commerce & Industry Ministry said on
Thursday. This represents a growth of 6.5% compared to a growth of 5.1% in June
2008. The Realty, Consumer Goods and the Metals sectors were in the limelight
even the Mid-Cap and the Small-cap stocks were in momentum.

for 23 july 2009

i will advise to buy nifty future above 4399 and below 4410 with stop loss 4377 for targets 4421-4432-4454-4466 in the opening trade. same way i will advise to sell below 4377 and above 4365 for targets 4365-4344-4332-4289.

The BSE Sensex fell 0.85 percent on Tuesday, snapping a two-day
winning streak and shrugging off gains in global peers, as investors
cashed in profits from a 13.4 percent rally over the previous five
sessions. The NSE Nifty opened flat at 4,501, and touched a high of
4,524 before slipping into the negative zone. Post-noon trades, the
index slipped deeper into red to a low of 4,436 - down 88 points
from the day's high owing to profit-taking in IT stocks. The Nifty,
however, recovered partially towards the close and finally ended at
4,469, down 33 points. The market breadth was marginally negative - out of 2,718 stocks
traded on the BSE, 1,343 declined and 1,289 advanced today

TODAYS MARKET 20/07/2009

&

zoomed fast

The Sensex, after last week’s 9% rally, opened up 109
points at 14,854, on the back of positive cues from the
global markets. The index thereafter surged to a high
of 15,209 - up 464 points. The Sensex finally ended
near the day's high, at 15,191 - up 446 points. In the
process, the index has regained the 15,000 mark after
over a month. The BSE-IT index soared after IT major, TCS, announced its Q1
numbers. The index gained 7% at 3,759. The realty index was up nearly 5%.The
market breadth was fairly positive. Out of 2,741 stocks traded 1,837 advanced
while 832 declined.

market view 20july 2009

Amazing pull back! Previous week it was an exact opposite reaction of the week ending 10th July 17, 2009, where Spot Nifty gained nearly 9% on a weekly closing basis. Barring the first day of the week (i.e. on Monday) rest other days of the week were up trending where huge short covering was witnessed. Finally Spot Nifty ended the week at 4374.95 up by 371.05 points or 9.27%. BSE Sensex closed at 14744.92 with a net gain of 1240.70 points or 9.19%, BSE Midcap index closed at 5680.90 up by 446.40 points or 8.53%, BSE Small cap indices closed at 5105.59 with a net gain of 387 points or 8.20%. The volume was lower than the previous week and the breadth of the market was mostly positive. Technically speaking in the Spot Nifty weekly candle stick chart a big bullish candlestick has emerged which depicts bullishness. After correcting nearly 10% in the week ending 10th July, 2009 previous week there had been equally strong pull back of nearly 9% . . .

WEEK AHEAD

The market came back to its bull run again in the previous week with a quick recovery. Volatility remained high during the past couple of weeks. However, the intensity of the rise raises some doubts about the sustainability of these gains. The long-term outlook though looks strong, but in the short-term, the market has been moving somewhat unpredicted. However, the momentum indicates a different scenario. Q1FY09 result by Reliance Industries would be a major event during the coming week for the market to get some short-term direction. Global cues, on the other hand, have been supportive and some weakness there can trigger a downward correction. Overall, initially the Indian market in the coming week is likely to remain strong. However, some profit booking is likely to happen during the latter part.

WEEKLY REPORT

The Indian equity market bounced back sharply during the last week, after falling significantly in the previous week. On the very first day of the week, the market recovered most of the losses by the closing. This was followed by two consecutive days of strong gains. After taking a breather on Thursday, it again soared on the last trading day.On a week-on-week basis, the BSE Sensex surged 1241 points or 9.2% to close at 14744.92. The S&P CNX Nifty ended at 4374.95, up by 371 points or 9.2%. Despite recent concerns on a higher fiscal deficit and some disappointment from the Budget, the market quickly recovered due to the renewed optimism on the government's plan to tackle the deficit and ensure the growth path

WEKLY CLOSING

SENSEX 14745 +1241 (9.19%)

NIFTY 4375 +371 (9.27%)

BANK NIFTY 7231 +710 (10.89%)

MID CAP 5474 +322 (6.24)

TODAYS MARKET

Yesterday there was some pause after two days of tremendous technical pullback where market opened with a gap up in the morning and spot nifty tested the resistance zone of 4300 where some profit booking emerged and subsequently Spot Nifty tested the strong support zone of 4200 on a intra day basis finally to close at 4231.50 down by two points or 0.05% . BSE Sensex closed at 14,250.25 down by 2.99 points or 0.02%, BSE Midcap closed at 4990.42 up by 11.78 points or 0.24% whereas BSE Small Cap Indices closed at 5545.56 gaining by 21.76 points or 0.39%. The volume was more in comparison to the previous trading session and the breadth was positive in the ratio of 5:1. Technically speaking in the Spot Nifty daily candlestick chart a dozi pattern has appeared which depicts indecision. Yesterday Spot Nifty could test the strong resistance zone of 4300 but could not close above that. Presently Spot Nifty is hovering above its extreme short term moving average of 7 EMA and 50DMA. If we look to the momentum indicators MACD is still in sell mode

MARKET VIEW 16 JULY 2009

After gaining over 850 points in last two consecutively days, the
Sensex today ended flat at 14,256 amid high volatility due to
profit booking. The Sensex opened at 100 points higher at
14,352 following yesterday's 433 points rally and soon touched
a high of 14,493. Profit taking at higher levels forced the index
pare gains and slip into negative zone post noon trades. The
index, however managed to bounce back into positive terrain after touching a low
of14, 169 among the sectoral indices, the Auto, Oil & Gas and Consumer Durables
indices gained 1.5-2% each. On the other hand, the Consumer Goods index was
down 1.6% at 11,818. The market breadth was fairly positive - out of 2,689 shares
traded, 1,465 advanced while 1,131 declined.
Investors booked profits after the sharp rise in last two sessions. Gains in
heavyweights like Reliance Industries, Tata Steel and Tata Motors arrested the fall
in the benchmarks. Market opened firm taking cues from rally in the US markets.
But soon after the indices reached psychological resistance levels, traders exited
positions. According to dealers, there was build-up of short positions as well in
the afternoon. There was lack of buying activity in the market despite positive
global cues. Market looks expensive at current levels and upside from these levels
seems limited. Markets face resistance at 4350 level.

MARKET VIEW 15 JULY 2009

The Sensex rose for the second consecutive day and
rallied to high of 433 points to close at 14,286, on the
back of the sustained buying witnessed in the front
liners. The index opened at 13,917, up 63 points than its
previous close, after which the markets exhibited
sideways movement.
The index pared gains in the initial hours to slip to an intra-day low of 13,891.
The Sensex however surged after noon and touched a high of 14,299, near day's
end. All the sectoral indices gained smartly. The Realty index continued its
previous rally and soared to 8.5% at 3,243. The Metals, Consumer Durables,
Power and the PSU indices increased nearly 5% each.
The market breadth was extremely positive - out of 2,679 shares traded, 2,035
advanced while only 558 declined.

MARKET VIEW 14 JULY 2009

The Sensex gained the most in almost five weeks to
recoup some of the past week's losses, incurred after the Union Budget on July 6.
The Sensex had shed more than 1,400 points in the Budget week, followed by
another 100 points on Monday. The Sensex opened with a positive gap of 149
points at 13,549 on strong global cues. The index moved sideways till noon. It
surged to a high of 13,903, up 503 points from the previous close at the far end of
the day. Expectations that crops will benefit following the weather bureau's
monsoon forecast boosted sentiments
The market breadth was extremely positive. Out of 2,639 stocks traded, 1,956
advanced while only 602 declined. The rest were unchanged

MARKET VIEW 13/07/2009

Even after recovering nearly 1.5% from Intraday lows, markets closed nearly 1% down, making it a fourth straight negative trading session. Sensex lost 103 points to close at 13400, while Nifty finished at 3974, losing 29 points. Broader market however, took a sharp dip as depicted by BSE Midcap and Smallcap indices, which shed 2.8% and 3.4% respectively. Turnover at Rs. 67600 cr. was 13% lower than that of Friday. European markets were trading higher by nearly 0.5%. US stock indices futures were marginally in the green.
Except IT and Teck indices, which gained 1.8% and 0.2% respectively, all other BSE sectoral indices finished in red. Consumer Durable index lost the most, plunging 5.7% followed by Metal index, which shed 3.8%. Reliance Infra and JP Associate were the top losers among sensex stocks, falling 6.1% and 4.8% respectively, while Sun Pharma and Infosys gained the most, putting on 2.6% and 2.4% respectively. BSE advance-decline ratio stood at 1:3.5.

market view 11.07.09

Worst weekly fall for Sensex since October. Stocks sank once again,
completing the Bombay Stock Exchange Sensitive Index’s worst week since
October, after Agriculture Minister Sharad Pawar said monsoon rainfall has
been deficient. Pawar said in the Lok Sabha today that the northwest region,
which included the biggest grain growing states of Punjab, Haryana and Uttar
Pradesh, had seen deficient rains. Though Pawar hoped the situation would
improve and India had enough food grain to meet demand for 13 months,
the market wasn’t convinced.
The Sensex fell 253.24, or 1.8 per cent, to 13,504.22. The index has dropped 9.5 per cent this
week. The S&P CNX Nifty Index on the National Stock Exchange fell below the support level
near 4,000 for the first time since election results in mid-May. India was the worst performer
among its global peers this week. The Nikkei -225 and Hang Seng lost 5.39 per cent and 2.72 per
cent, respectively. The Nasdaq and Dow Jones had lost 2.45 and 1.18 per cent till Thursday. The
better-than-expected Infosys results had led to a 300-point rally in the morning, but the
monsoon scare played spoilsport with Reliance Industries leading the slide, losing 4.2 per cent
to Rs 1,775.15. The information technology (IT) index was the only sect oral index in the green
and closed up by 2.17 per cent. Infosys rose 2.97 per cent while other IT majors Wipro and TCS
gained 1.56 per cent and 3.37 per cent respectively.

WEELY MARKET

Weekly Closing:Sensex: 13504 -1409 (-9.45%)Nifty : 4004 -420 (-9.50%)Bank Nifty :6521 -1045 (-13.82%)MIDCAP : 5152 -385 (-6.96%)

TODAY MARKET VIEW

Markets closed absolutely flat after a choppy trade. Sensex lost 11 points to close at 13757, while Nifty finished at 4080, up 2 points. Turnover at Rs. 73900 cr. was lower by nearly 17% compared to yesterday. Inflation for the week ended June 27 came in at –1.55% as against –1.30% for the week ago. Crude bounced back from lower levels and was trading at $61.07/bbl, up 1.6%. European markets were trading about 1% up on the back of strength in mining, banking and oil stocks. US stock indices futures were up by more than half a percent.
Among the sectoral indices, BSE Consumer Durable index and Capital Goods indices were the top losers, shedding 1.4% and 1.1% respectively. Metal and Healthcare indices gained the most, putting on 1.5% and 1% respectively. Reliance Infra and Sun Pharma were the top gainers among sensex stocks, up 2.4% each

MARKET VIEW 09.07.09

HUGE FALL IN MARKET SEEN ON WEDNESDAY,
The BSE Sensex fell 2.8 percent on Wednesday to its lowest
close in more than a month as economic jitters swept global
financial markets raising concerns about foreign fund flows.
Investors have begun worrying a global economic recovery
will not be as quick or robust as many had hoped. Losing
stocks outnumbered gainers in the ratio of more than 3:1 in
the broader market, while volume was average at 400
million shares.
Financial stocks fancied by foreign portfolio investors led the fall, but auto and
cement stocks bucked the trend after auto sales rose for the fifth consecutive
month and investors bet on infrastructure spend by the government. Corporate
earnings will be the next driver for the market, in the short term. They are
expected to be better than the previous quarter but for a longer rally it depends
on how the government takes the growth momentum forward.

REALITY SECTOR VIEW

I guess reality sector will take more time to recover than expected.
Everybody expected that housing loan interest exemption will be increased to 2.5/3 lakhs from current 1.5 lakhs.
That didn't happened. Nothing is there in the budget to boost the housing sector.
The 1.5 lakh limit was planned many years back when housing costs are very less.
Now 1.5 lakhs is too less as costs are very high.
More than that "honesty" of accounts of these companies are not known. Many reality companies always managed through black money.
They even give more discounts if you pay by cash (not all).
I feel these stocks are good for trading. Not for investing....................RAKESH MAKIN

market view 08.07.2009

BSE Sensex: (14170) we said ‘now the best thing to do is to have a deep stop above 15000 and sell all reactions until we find strong supports’ well the market reacted but it was hardly a reaction…I would like to sell the moment market breaks 14000 levels
The support for the Sensex is 14000-13400-12600 and the resistance to the up move is at 14420-15000
Nifty: (4202) the support for the Nifty is at 4100-3870 and the resistance to the up move is at 4285

MARKET VIEW

After Monday's massive 870 points plunge on
the Sensex following the presentation of the
Union Budget, the index managed a tepid pull
back today, thanks mainly to FMCG stocks. The
Sensex opened 60 points higher at 14,104, and
touched a low of 14,000 points in morning
trades. The index, thereafter, exhibited high
volatility throughout the day owing to the
constant bouts of buying and selling in the market. The Sensex managed to touch
the day's high of 14,252, up 252 points from the day's low. The index finally ended
at 14,170, up 127 points. The market breadth was extremely positive - out of
2,630 shares traded, 1,461 declined and 1,071 advanced on the BSE. Most of the
sect oral indices managed to recover partially from yesterday.

budget specials

Exemption limit in personal income tax raised by Rs.15,000 from Rs.2.25 lakh to Rs.2.40 lakh for senior citizens; by Rs.10,000 from Rs.1.80 lakh to Rs.1.90 lakh for women tax payers; and by Rs.10,000 from Rs.1.50 lakh to Rs.1.60 lakh for all other categories of individual taxpayers.
Deduction under section 80-DD in respect of maintenance, including medical treatment, of a dependent who is a person with severe disability being raised from the present limit of Rs.75,000 to Rs.1 lakh.
Surcharge on various direct taxes to be phased out; in the first instance, by eliminating the surcharge of 10 percent on personal income-tax.

BUDJET 2009 EXPECTATION

The budget is expected to balance between social orientation and growth; as well as fiscal prudence. Greater allocation to infra, healthcare and education spending is likely to continue. Considering the large capital requirements going forward, opening up of several sectors to attract FDI / FII investment can be expected. 2% hike in excise and service tax is expected post 4% cut in excise through Stimulus I and II. Some benefits in personal income tax, increase in exemption limit of home loan interest and schemes to divert investment into infrastructure, are also expected. A tax amnesty scheme could be considered in the budget to address fiscal deficit. We anticipate the Finance Minister to indicate a clear way ahead that will lead to sustainable economic growth. The fiscal deficit is cause for concern and should be reigned in. While the Union Budget 2009 might appear to have several disappointments, it is expected to be a healthy one for the long term

MARKET VIEW 04.07.2009

The Sensex opened down 105 points at 14,553, on
weak cues from US and Asian markets. The index
slipped to a low of 14,500 but soon recovered.
Thereafter, the index was range bound for most part
of the trading day. The Sensex soared on hopes of
more positives from the Union Budget and touched a high of 14,946, up 446
points from the day's low. The Economic Survey and the Railway Budget have
been mostly positive; hence market players are now optimistic over the
forthcoming Budget. The market breadth was marginally positive - out of 2,686
stocks traded, 1,341 advanced while 1,263 declined.

MARKET VIEW 03.07.2009

BSE Sensex: (14658) ‘some more bounce until the budget is not ruled out and what we are actually witnessing is a sideways move’ the market once again traded sideways with no signs of any direction…looks like a directionless market until the budget…
The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000
Nifty: (4349) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400