PERFORMANCE & TIPS FOR 30.10.2009

Performance for 29.10.2009
SHORT APTECHT 196.30 SL 200 TG 192-188 TOUCH 185.05
BUY BALRAMCHIN 154.75 SL 152 TG 157-160 TOUCH 158.80
BUY CROMPGREAV 361.15 TG 354 TG 368-375 TOUCH 430.05
SHORT EKC 152.80 SL 156 TG 150-147 TOUCH 134.20 all calls target achived
INTRADAY CALLS FOR:- 30.10.2009 Friday
SHORT EKC 137.90 SL 140 TG 136-134
BUY LUPIN 1229.75 SL 1206 TG 1254-1278
Delivery Calls
NO CALLS FOR DELIVERY

MARKET VIEW 29.10.2009

ZEE NEWS !!!!JARRA SOCHOO !!!!!SABSE AGGEHE

BOMBAY STOCK Sensex closed the day at 16,052.72, down 230.77 points or 1.42 per cent from Wednesday. The index touched a high of 16,264.09 and low of 15,993.83 during the day. National Stock Exchange’s Nifty ended at 4750.55, down 75.6 points or 1.57 per cent. The broader index hit a low of 4738.40 and high of 4826.10. “Momemtum is on the downside and every bounce should be used as an opportunity to exit long positions or one can initiate shorts at 4850. We see the Nifty falling to 4350-4300 in next one to two months, The BSE Midcap Index was down 1.95 per cent and BSE Smallcap Index was 1.29 per cent lower. Amongst the sectoral indices, BSE Realty Index was down 6.4 per cent, BSE Metal Index fell 2.58 per cent, BSE Power Index slipped 2.01 per cent and BSE Bankex lost 2.55 per cent. BSE FMCG Index was up 0.66 per cent and BSE Healthcare Index ended unchanged from the previous close. Nifty gainers were Mahindra & Mahindra (3.75%), Ranbaxy Laboratories (2.88%), BPCL (2.46%), GAIL (1.8%) Tata Motors (-4.23%), DLF (-4.09%), Unitech (-3.62%), Reliance Capital (-3.54%) and Reliance Communications (-3.5%) ended with losses. Market breadth was negative on the BSE with 1,854 declines and 823 advances. Meanwhile, European markets were off lows following a pull-back in banking stocks. US stock futures were also indicative of a positive start. At 5 pm IST, Dow Jones futures was up 0.47 per cent, S&P 500 moved 0.53 per cent higher and Nasdaq 100 edged 0.33 per cent higher.

market view 28.10.2009

Market ended volatile session on a lower note as traders squared off positions ahead of October F&O series expiry Bombay Stock Exchange’s Sensex ended at 16,283.49, down 69.91 points or 0.43 per cent. The index touched a low of 16,144.17 and high of 16,411.14. National Stock Exchange’s Nifty ended at 4826.15, down 20.55 points or 0.42 per cent. The broader index hit a low of 4784.10 and high of 4867 intraday. “The fall of Nifty from 4900 to sub-4800 levels was mainly on account of Delta hedging. Nifty is likely to close in the range of 4850-4900 tomorrow. There are still short positions for next series and open interest has increased indicating a further correction in days to come. We are recommending traders to go short on every rise upto 5050 and expect targets of 4750 and 4350 in next two months,” said a senior derivative analyst from a local brokerage. BSE Midcap Index, up 0.15 per cent, settled with marginal gains while BSE Smallcap Index moved 0.44 per cent lower. Amongst the sectoral indices, BSE Bankex declined 1.5 per cent, BSE Auto Index fell 0.94 per cent and BSE Power Index slipped 0.83 per cent. BSE Realty Index moved 0.88 per cent higher and BSE Oil&gas Index was up 0.69 per cent. Biggest Sensex gainers were Ranbaxy Laboratories (3.77%), Jindal Steel (3.66%), Wipro (3.49%), Bharti Airtel (3.44%) and Tata Motors (2.49%). Losers were Maruti Suzuki (-4.18%), Tata Steel (-3.63%), Suzlon Energy (-3.6%), HDFC (-3.49%), BPCL (-3.43%). Market breadth on BSE remained negative with 1,627 declines outnumbering 1,059 advances.European markets were in the red following sharp correction in banks and commodities. US stock futures were pointing towards a lower opening. At 5 pm IST, Dow Jones futures was down 0.51 per cent, S&P 500 moved 0.51 per cent lower and Nasdaq 100 edged 0.28 per cent lower.

MARKET VIEW 27.10.2009

BLOOD BATH

Indian markets witnessed a sharp dent dropping the most in two
months on a hawkish RBI tone in the Monetary Policy. The central
bank’s move to tighten liquidity and an upward revision in inflation
forecast triggered a heavy sell-off on the bourses. Weak global cues
and disappointing quarterly earnings announced by select leading
Indian companies further dampened the sentiment on Dalal Street.
The interest rate sensitive like the Banking and the Realty stocks
were offloaded the most. Apart from the index heavyweights, even
the Mid-Cap and the small-Cap stocks were hammered by the bears. The markets were
extremely volatile and the index moved in the range of 388 points throughout the day. The Sensex finally ended at 16,353, down 387 points or 2%-the biggest single day fall since August 17 when the index shed 626 points. The NSE Nifty settled at 4,847, down 124 points. The realty stocks, too, tanked heavily on fresh credit concerns. The RBI raised the provisioning margins from 0.4% to 1% and warned against likely non-performing assets (NPAs) from this sector. The Midcap and the small-cap indices also fared extremely poor, down 3.5% and 4.5%, respectively.
The market breadth was extremely negative. Out of 2,789 shares traded, 2,274 declined and 449 advanced on the BSE.
Hindalco and Tata Steel plunged over 7.5% each to Rs 126 and Rs 501, respectively. Bharti Airtel and Reliance Communications shed over 6.5% each to Rs 307 and Rs 208, respectively. The other prominent draggers were ICICI Bank , Sterlite, SBI, Jaiprakash Associates and Tata Power, down 3-6% each. Wipro was the major gainer, up 2% at Rs 604 on the back of a 19% jump in consolidated jump in net profit. Tata Motors even added 1.5% at Rs 548.
Technically, the NSE Nifty was seen taking support at the 4545 levels which is also the 50 Day moving average for the index. If the crucial support level is taken out, 4720-4730 levels which have acted as an important resistance in the past would be the next support.

MARKET VIEW FOR 28.10.2009:The crucial support for the Sensex is 16221-15861 and the resistance is at 16721 Nifty: (4847) the crucial support for the Nifty is at 4699 and resistance is at 4961

MARKET VIEW 25.10.2009

The domestic markets are set for a bout of volatility in the next few months. The results season is on. The corporate results were as analysts had expected, but without any major pleasant surprises.So, the impetus required to propel the markets further up did not come. The stock markets look fatigued and exhausted with lack of any triggers to propel them further in the short term. Many analysts were of the opinion that from a long term perspective the stocks are attractively-priced . The contrast in the long-term and short-term view could lead to some up-days and some down-days, creating volatility in the coming weeks. The stock markets are entering a period of sideway consolidation albeit with a downward drift.For the short term, the markets look exhausted and can retrace, giving excellent buying opportunities. For both medium-term and long term investors too, this impending correction or sideway movement could provide an excellent buying opportunity.

MARKET VIEW THIS WEEK

After touching a fresh 17 month high on the last day of the Samvat 2065, markets started the first week of the new Samvat on a weak note. Sensex and Nifty lost nearly 3% over the week, underperforming most of the global markets. BSE Oil & Gas index fell 6.4% during the week, followed by the Capital Goods index, which lost 5.7%. Among stocks, Index heavyweight Reliance plunged 8%, as its partner in KG Basin-Hardy Oil said a D9 well will be plugged and abandoned. JP Associate and L & T lost 8.6% and 7.1% as their quarterly results were below market expectations. The bright spot was the IT index, which gained 3.2% week-on-week as TCS came out with good set of numbers in last weekend and Rupee, after six weeks of appreciation, depreciated 22 paisa against the dollar in the week gone by. FMCG index gained 1.5% on weekly basis as ITC came out with strong set of numbers and finished the week 3.7% higher.

As we enter the new week, market is bracing for couple of key events. Reserve Bank of India will announce its midyear credit policy on Friday, 23rd October. While key rates are likely to be kept unchanged, market will keenly wait for any signal by the Apex bank on exit from the loose monetary policy. Next week will also see the expiry of October derivative series. We are entering the expiry week with an Open interest of Rs. 112000 cr. Call writing at 5000 and 5100 strikes and selling in index futures by FIIs to the tune of Rs. 1900 cr. are negative signals from the derivatives going into the fresh week. On technical charts too indices look vulnerable and violation of 16600 is likely to result in a sharp fall. Next week will also see the last bunch of quarterly results including ONGC, ICICI Bank, Tata Motors, DLF, Tata Steel, Wipro and Ambuja Cements among others.

Sensex fails to sparkle at the start of New Year...down 3%

The run ahead of fundamentals came to a halt with key indices closing lower
this week. Besides the expected profit taking after a seven-month rally, the
RIL-RNRL court battle added to the weakness. Quarterly numbers from India
Inc. also failed to cheer sentiment on Dalal Street. Finally, the BSE benchmark
Sensex closed the week down by 3% and NSENifty closed lower by
2.8%.The BSE Sensex hit an intra-weekhigh of 17,457 and low of 16,721
while, the NSE Nifty hit an intra-week high of5,182 and low of 4,968.
The Foreign Institutional Investors (FIIs) purchased Rs51.2bnduring the week. On the other hand, the Domestic Institutions were net sellers to the tune of Rs15.7bn during the week.
The top gainers: The top gainers in the Sensex were TCS (up 10%), Tata Power (up 6.7%), DLF (up 4.9%),Hindalco (up 4.8%) and Wipro (up 2.4%).
The Top Losers: The top losers in the Sensex were Grasim (down 10.3%), Tata Steel (down 7.8%), TataMotors (down 7.7%), L&T (down 7.2%) and Reliance Capital (down 6.9%).
The BSE IT Index (up3.6%): The top gainer in the IT sector was TCS. The stock shot up over 10%during the week. According to report released by IIFL during the week, “TCS beat expectation with ~4% QoQ US$ revenue growth in 2QFY10—a number we believe will be the best in this quarter among the top-3 vendors. Volumes grew~5% QoQ and EBITDA margin expanded by ~150bps, despite a hike in variable salary payout (payout of 150%). The company’s products business is recovering strongly after a bad year—revenues are up 60% since 4QFY09.
Stronger signs of growth are also evident in its key vertical, BFSI (45% of revenues), as technology integration deals ramp up. The appreciating rupee is a risk and pressures in the telecom, manufacturing and high-tech domains make a stronger recovery unlikely. However, given stronger volume growth and margin expansion, we expect FY10 and FY11 EPS estimates by 8% .HCL Tech rose over 8% during the week. The company tied up with Microsoft to provide retail banking solutionto helps banks in the Asia-Pacific. Wipro was up 2.4% during the week.
The company entered into a 10-year IT outsourcing agreement with Delhi International Airport Ltd for providing IT infrastructure and services for IGI Airport .Mphasis (up 6%) and PatniComputer (up 4.6%) were among the other notable gainers.
The top losers were Financial Tech (down 5.7%), Mahindra Satyam (down 5.3%), Oracle Financial (down 4.1%) and Sasken Communication (down 0.7%)

MARKET VIEW 20.10.2009

Markets ended in the negative terrain on Tuesday after
returning from a sparkling Diwali break. The start seemed to be
quite promising; however bulls were unable to hold on to their
gains as key indices witnessed a constant declining intra-day
trend.
The BSE Sensex erased nearly 230 points while the NSE Nifty
wiped out almost 70 points from their respective intra-day
high. The index heavyweights like Reliance Industries, ONGC, M&M and RCom were the major laggards. Weak start to the equity markets across Europe further dampened the sentiment on Dalal-Street.The BSE Sensex fell 103 points at 17,223 after touching a high of 17,457 and a low of 17,185. The index opened at 17,414 against the previous close of 17,326. The NSE Nifty slipped 29 points to shut shop at 5,112.
The tussle between the two brothers seems to be far from over after the Supreme Court on Tuesday adjourned the hearing for the gas dispute. Shares of Reliance Industries slipped 2% to end at Rs2183. On the other hand, shares of RNRL gained by 1.2% to end at Rs87.9.RNRL is fighting with the Reliance Industries for supply of gas at US$2.34 per mBtu based on a family
agreement between the two brothers. However, the centre told the Supreme Court that the terms of a MoU signed between Reliance Industries and RNRL on supply of gas from the KG basin violated the production sharing contract between Reliance and the government.
According to the MoU, Reliance is to supply 28mmscmd of gas to RNRL at US$2.34 per mmBtu which is at a 44% discount to a price of US$4.20 per mmBtu fixed later by the government for sale of gas by Reliance to some power and fertilizer companies.

SAMVAT 2065 TILL 2009

Wishing you A Very Happy Diwali and Prosperous Samvat 2066!!!
Alls well that ends well! Samvat 2065 that began with pessimism, slowdown in business activities and wealth erosion ended with optimism, pick up in business activities and wealth creation. After a roller coaster ride of markets during Samvat 2065, it is expected that markets in Samvat 2066 is likely to
remain more stable.
During Samvat 2065 Sensex rose from 8509.56 to close at 17322.82, a gain of 103.57 percent or 8813.26 points. The top 5 index movers in Sensex during the period were RIL, ICICI Bank, L&T,INFOSYS and SBI that together contributed 4128 index points or almost 47% gain in Sensex during
the previous Samvat.
We expect Indian markets to remain resilient during Samvat 2066 on global economic growth, improving domestic economic indicators led by encouraging business environment and the virtuous cycle of Growth=>Employment=>Consumption. The Indian government’s initiatives to reach out to the masses in their effort to inclusive growth would further spur domestic growth. Although the rising inflation may compel regulators to raise interest rates, the same will be led by higher industrial growth.

HAPPY DIWALI TO ALL..........

!!!!!!!HAPPY DIWALI!!!!!!!!

May your life always sparkle with joy, success and well being."

May divine light of Diwali spread into your life lots of peace, prosperity, happiness and good health. Wishing you and ur Family a very Happy Diwali

Festival of lights…togetherness. ..happiness... prosperity… sweets … celebrations..
Yes diwali is here..
A festival which is celebrated with gaiety by people of every religion. Its magical and radiant touch creates an atmosphere of joy and festivity.

To enjoy this festival we come together and celebrate it with some mouth-watering meals and loads of fun.With finest of enthusiasm and excitement we all welcome this festive season together.

So come lets fill our hearts and minds with joy, fun and hope. Let us lit our lives with energy, power an zeal. Let us march towards success with new and bright ideas, thoughts and actions.

May this Diwali bring the showers of joy and happiness over you and you grow and prosper at every step of your life.


Wish you all and your family a very very Happy Diwali.

Regards,
RAKESH MAKIN & FAMILY

DIWALI MAHURAT TRADING 18.10.2009

HAPPY DIWALI

Indian equities ended Mahurat trading, first day of trade of Samvat 2066 (first day of Hindu calendar), on a flat note. Traders bookedprofits after indices hit new 52-week highs. However, the second rung stocks outperformed the benchmarks.
Markets opened higher on bullish sentiments following growth of Indian economy which was reflected in second quarter earnings.
After one hour of trade, Bombay Stock Exchange’s Sensex closed at 17326.01, up 3.19 points or 0.02 per cent. The index hit a 52-wek high of 17493.17 and low of 17260.66.
National Stock Exchange’s Nifty ended at 5141.80, down 0.35 points or 0.01 per cent. It touched a 12-month high of 5176.80 and low of 5140.
BSE Midcap Index was up 0.65 per cent and BSE Smallcap Index gained 1.36 per cent.
Amongst the sectoral indices, BSE Metal Index jumped 0.65 per cent, BSE IT Index rose 0.39 per cent and BSE Auto Index moved 0.33 per cent higher.
BSE Bankex was down 0.30 per cent and BSE FMCG Index slipped 0.09 per cent.
Sterlite Industries (2.89%), Reliance Communications (1.86 %), Bharti Airtel (1.74%), TCS (1.61%) and ACC (1.36%) were the top Sensex gainers.
Losers included ICICI Bank (-1.05%), HDFC Bank (-0.93%), Hindalco Industries (-0.70%), ITC (-0.65%) and BHEL (-0.65%).

MARKET VIEW 15.10.2009

Indian markets ended nearly unchanged after a choppy session on
Thursday as investors and traders were reluctant to take more
bets after strong two-day rally. Even global markets were a little
subdued despite the Dow Jones Industrial Average crossing the
10,000 mark after a year. On the commodity side, Gold prices also
lost some shine; the precious metal lost nearly 2%. Coming back to
equities, the good thing is that the NSE Nifty index has managed to
close above the 5100 mark for the second day in a row.
The Metals, Power and the Banking stocks were among the major gainers. On the other hand, major laggards were Telecom and the IT stocks. Finally, the BSE Sensex fell 36 points at 17,195 after touching a high of 17,350 and a low of 17,092. The index opened at 17,274 against the previous close of 17,231. The NSE Nifty was down 9 points to shut shop at 5,108. The market breadth is marginally positive, out of 2,836 shares traded, 1,401 advanced and 1,357 declined on the BSE.

MARKET VIEW 12.10.2009

Market started the week on a buoyant note as the benchmark indices surged nearly 2.5% in today’s trade. Sensex gained 384 points to close at 17026, while Nifty finished at 5054, up 109 points. BSE Mid-cap and small-cap indices gained 1.2% and 1.1% respectively. Index of Industrial Production number for the month of August came in better than expected at 10.4% as against 7.2% for the previous month. Reliance Communication closed lower by 0.6% after the reports that a government appointed auditor has found inflation of revenues by Rs. 2915 cr. by the company in 2007-08, besides evasion of Rs. 315 cr. in license fee. European markets were up by more than a percent led by banking stocks. US stock indices futures were higher by half a percent. All the BSE sectoral indices finished in green. Consumer Durable index was the top gainer, up 3.7%, followed by IT index, which gained 2.9%. SBI and Reliance Infra were the top gainers among the Sensex stocks, putting on 5.2% and 5% respectively. Hero Honda and Rel Com were the top losers, shedding 0.9% and 0.6% respectively

market overview this week

Big bull Rakesh Jhunjhunwala feels the Indian stock markets, currently on an
upward rally, may "burst" in a month or two"If your see the formation of the
indexes, all the stocks are going up, indexes are going up. (There are) minor
corrections at every point. You cannot have this kind of a rise...(a) peak
without burst. I think the burst will come within one or two months," Rare
Enterprises, Partner, Rakesh Jhunjhunwala said at the Private Equity
International India Forum 2009, here today.Indian capital markets have been
heading northward led by robust liquidity positions and on the belief that
economic recovery has begun.However, Jhunjhunwala said that "I have a right
to be wrong and I may change my opinion very fast."He said that the future of Indian markets
depended on the performance of the Indian economy and the international scenario."I think
economic growth in India is going to be between 12-14 per cent over the next 5-7 years. I think
the factors that are guiding this growth are irreversible, whether it is skills, tolerance,
democracy, demographics," Jhunjhunwala said."And if growth in corporate profits is going to be
a percentage of nominal GDP growth which it is worldwide, I don't see any reason why
corporate profits should not grow between 15-17 per cent compounded," he added.
However, there is still some pain left for the western economies which have not yet witnessed
the peak of the economic slowdown."As far as the economic slowdown goes, I think we have
not (yet) seen the peak. I think the next 2-3 years for the western world are going to be far
slower than for the rest," Jhunjhunwala said. According to him, even though India places
significant importance on foreign fund inflows, the amount of local money invested in the
markets in the last five-years has been far greater than foreign money.
The Dalal Street guru said he has decided not to invest in start-up companies "because you have
to nurture them and bringing them to size is a bit of a painful process"."This year, I think Rs
2,500-3,000-crore local money will come and in two years maybe Rs 6,000 crore. I am bullish.
The flow of money is going to go through the roof," he said.The market pro said he does not
expect India to hike interest rates before March next year

MARKET VIEW 08.10.2009

Thursday turned out to be an absolute choppy day which ended on a flat
note. The index heavyweight Reliance industries which announced a 1:1
bonus issue on Wednesday surged in the early trades however as the day
progressed the stock ended almost flat. The move which was meant to
boost up investor confidence failed to inspire the bulls. IT stocks were
under the pressure as the Indian Rupee gained 12% since March. On the
other hand the telecom stocks continue to remain under the bear attack
on account of per second payment. Technically, it is the second straight
trading session where the NSE Nifty ended below the 13DMA. However, a positive sign is that the index has managed to close above the 5,000 levels. Finally, the BSE Sensex gained 37 points at 16,843 after touching a high of 16,998 and a low of 16,775. The index opened at 16,908
against the previous close of 16,806. The NSE Nifty was up 16 points to shut shop at 5,002.
Telecom stocks again took it on the chin and IT stocks had a bad outing on the back of a strong rupee. Bharti and Reliance Communications lost between 6-7%, while TCS and Infosys shed 3- 4% each on the NSE. Infosys weakened almost 2% ahead of its results tomorrow. However, stocks such as Siemens, Tata Motors and Reliance Infrastructure did well, gaining between 4-5% on the NSE. The market breadth was negative - out of 2,868 stocks traded on the BSE, 1,512 declined, 1,246 advanced.
The wholesale price-based inflation was at 0.83 per cent in the previous week compared to 12.08 per cent during the corresponding week a year ago. Food prices are likely to go up in the coming weeks as floods in the southern states of Karnataka and Andhra Pradesh have destroyed crops,

MARKET OUTLOOK 05.09.2009

Today Telecom stocks led a setback on the bourses as trading resumedafter a long weekend. The market fell as investors priced in asharp weakness in global markets on Friday, 2 October 2009, whenthe Indian market was closed for a public holiday. The BSE 30-shareSensex lost 268.14 points or 1.56%, off 195.60 points from theday's high and up 30.61 from the day's low. The BSE Sensex dippedbelow the psychological 17,000 level. The 50-unit S&P CNX fellbelow the psychological 5,000 mark in late trade only to regainthat level.After opening with a downward gap, the market extended losses atthe onset of the trading session. Buying in some defensive stockshelped the market soon cut initial losses. The market weakenedagain in mid-morning trade. The market moved in a narrow rangelater. A sell-off in Bharti Airtel pulled the market lower inafternoon trade. Fresh selling in index pivotals pulled the marketto a fresh intraday low in mid-afternoon trade. The market extendedlosses in late trade.The market breadth was weak. Telecom shares were the chiefcasualties of the day following reports of a likely delay in thethird generation auction process. Bharti Airtel tumbled over 8% andReliance Communications lost over 5%. Index heavyweights RelianceIndustries and State Bank of India were down 1.74% and 3.66%respectively. Barring select FMCG and pharma stocks, which gainedon defensive buying, selling was conspicuous across sectors

market ended 01.10.2009

Markets witness profit taking at higher levels Weak US manufacturing data impacted the markets across the globe and the Sensex and Nifty closed flat. The Sensex closed at 17,135 up 8 points or 0.05% and Nifty ended marginally down 0.6 points or 0.01% at 5,083. The broad market indices ended down with the BSE Midcap losing 0.35% and the BSE Smallcap fell 0.04%. The market breadth was negative with the A/D ratio at 0.67:1 on the BSE. Turnover on the NSE was Rs.20,112 cr versus Rs.20,179 cr yesterday. IT, Bankex, FMCG and Metals indices were the major sectoral gainers, rising by 0.9%, 0.8%, 0.7% and 0.2% respectively. Selling pressure was witnessed in Healthcare, Auto, Consumer Durables and Oil & Gas indices. The BSE-30 stocks traded mixed. The top gainers from the BSE-30 were Bharti Airtel, RCom, ICICI Bank and TCS. The top losers were Maruti, HDFC, Grasim and Tata Power. While Bharti
and ICICI Bank were the main contributors to the Sensex gain, these were offset by losses in Reliance and HDFC. Inspite of the market starting the day on a positive note, these initial gains were wiped off due to nervous selling by foreign funds based on global developments. We expect the markets to witness positive momentum early next week barring large negative global or local developments over the 3 day weekend.