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GOOD MORNING & have a nice DAY WISH U ALL A Happy & profitable trading! WISH U VERY HAPPY NEW YEAR 2010 INTRADAY CALLS FOR THURSDAY 31.12.2009 BUY NIRMA LTD 215.15, TGT 222. SL 210 BUY ORANCLE FININCIAL SERVICES SOFTWARE LTD 2322.25, TGT 2366. SL 2294 SIEMENS Buy Around 582-583 SL 577 TGT 590 INVESTMENT CALL & DELIVERY CALLS Buy HINDOILEXP above 301 SL 296 TGT 308-312 Market view today THURSDAY 31.12.2009 NIFTY FUTURE: Crucial Support at 5153 if break then slide for 5138 to 5116. At upside resistance around 5190 if sustain above this level then go for 5212 to 5227.BSE SENSEX: Hurdle around 17414, if cross this then go for 17486 to 17532. Support at 17296 if break then slide for 17250 to 17178 Nifty (5169) as a trader I would book my profits near these regions and head into January with an open mind’ the market could not sustain itself and profit booking came in as expected. Technically the market looks tired and profit booking is expected and 5200 is a strong resistance to deal with… The crucial support on the downside for the Nifty is 5111 and resistance at 5250 BSE Sensex: (17344) the crucial support on the Sensex on the downside is 17146-17000 and resistance at 17500 WORLD MARKETS UPDATE 31.12.2009 Asian MarketsAsian shares trading higher on Thursday.Hang Seng Index up 260.84 points at 21,757.46.Shanghai Composite Index up 0.34 pct at 3,273.71.US Markets US Markets ended flat on Wednesday. Dow Jones industrial average up 3 points, up 0.03 percent, to 10,549. The Standard & Poor's 500 index ended flat to 1,126. The tech-heavy NASDAQ composite index up 3 points, up 0.13 percent, to 2,291. European Stocks Ended LowerEuropean Markets ended lower on Wednesday. Britain’s FTSE 100 index ended down 0.73 percent down 40 points to 5,398 ,Germany's DAX ended down 0.90 percent down 54 points to 5,957,France's CAC 40 ended down 0.62 percent at 3,936.CommoditiesCrude oil was up 28 cents to trade at $79.56 a barrel. Gold settle at $1,092 an ounce. We wish you To Have A Superb Profitable Trading Day Today!!! Regards, RAKESH MAKIN Chugh securities Pvt Ltd +91 9915684997, 9041667797 PANCHKULA (Haryana). Email:makin_97@yahoo.com Email:rakeshmakin@yahoo.com Blog :http://wwwmakin97-nse.blogspot.com/ Home page: http://in.groups.yahoo.com/group/makin97NSEtips Group mail id: makin97NSEtips@yahoogroups.co.in WISH U ALL HAPPY & SAFE TRADING
GOOD morning have a nice day WISH U ALL A Happy & profitable trading! INTRADAY CALLS FOR TUESDAY 30.12.2009 Buy Ruchi Soya Industries Ltd at 90.75, TGT 94.50. SL 88.50
Buy Sintex Industries Ltd at 268.85, TGT 276. SL 262 RELCAPITAL Buy Opening 843 TGT 876 SL 839 INVESTMENT CALL & DELIVERY CALLS BUY GVK Power & Infrastructure Stop Loss 45 Target 53 Market view today TUESDAY 30.12.2009 Nifty (5188) technically the market has closed on a buoyant note and very likely the market is expected to close around the 5200 mark and in all likely hood will trigger stop around these regions, as a trader I would book my profits near these regions and head into January with an open mind…
The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387
BSE Sensex: (17402) the crucial support on the Sensex on the downside is 17000 and resistance at 17500-17888 ASTRO VIEW, WEDNESDAY, December 30 2009 There is going to be an eclipse this week, so be careful while tradingat the market.For January 2010, the following dates will be extremely volatile, andwill see extraordinary fluctuation in the market: 1, 5, 7, 12, 13, 14,15 (very crucial), 18, 28, 29This week, the 10-minute period before and after 14:50 is likely to beextremely volatile. Be very careful! Kuch bhi ho sakta hai (anything canhappen).10:05 to 10:30- Ganeshaji is seeing a so-so strength at Nifty –neither too good, nor too bad. It's time to be extra careful after thisperiod. (0.10)10:30 to 10:50- The weightage for this prediction is zero. And when theweightage is zero, take no stand at the market. (0.00)10:50 to 12:10- In this period, it's advisable to take a fresh positionat Nifty. If you depend on previous market trends, you may not get thedesired results. The trend at Nifty is Bearish. (-0.04)12:10 to 15:30- Nifty may see a tremendous rise in fluctuation. Tradingdoing this period will be a gamble, both in terms of value and volume.If you know how to play the game, you will make a lot of money. (0.04) WORLD MARKETS UPDATE 30.12.2009 Asian MarketsAsian shares trading lower on Wednesday.Nikkei Stock Average 225 down 27.40 points at 10,610.66.Hang Seng Index down 83.99 points at 21,415.45.KOSPI Index down 0.39 pct at 1,665.96.Shanghai Composite Index up 0.91 pct at 3,241.12.US Markets US Markets ended flat on Tuesday. Dow Jones industrial average down 2 points, down 0.02 percent, to 10,545. The Standard & Poor's 500 index down 2 points, down 0.14 percent, to 1,126. The tech-heavy NASDAQ composite index down 3 points, down 0.12 percent, to 2,288. European Stocks Ended HigherEuropean Markets ended higher on Tuesday. Britain’s FTSE 100 index ended up 0.65 percent up 35 points to 5,438 ,Germany's DAX ended up 0.14 percent up 9 points to 6,012,France's CAC 40 ended up 0.33 percent at 3,960.CommoditiesCrude oil was down 11 cents to trade at $78.76 a barrel. Gold settle at $1,098 an ounce. We wish you To Have A Superb Profitable Trading Day Today!!! Regards, RAKESH MAKIN Chugh securities Pvt Ltd +91 9915684997, 9041667797 PANCHKULA (Haryana). Email:makin_97@yahoo.com Email:rakeshmakin@yahoo.com Blog :http://wwwmakin97-nse.blogspot.com/ Home page: http://in.groups.yahoo.com/group/makin97NSEtips Group mail id: makin97NSEtips@yahoogroups.co.in WISH U ALL HAPPY & SAFE TRADING
SENSEX 17401.56 +40.95 NIFTY 5187.95 +9.55 NASDAQ 2176.05 +6.87 DJIA 10426.31 -11.11 RS/$ 46.25 -0.16 Equity benchmarks ended in the positive terrain on Tuesday but off day’s highs ahead of December F&O expiry later this week. Metals, Power and banks provided support to the indices while healthcare and IT stocks ended lower. Indices opened on a positive note and turned range bound with a positive bias.
Soon after trade began National Stock Exchange’s Nifty hit 52-week high and crossed psychological resistance level of 5200. However, in the last half hour the indices pared the gains and ended only marginally higher. On the other hand, the broader indices outperformed the benchmarks. We are in expiry week and participants are expecting Santa Claus rally between Christmas and New Year. We think otherwise. At 5200 in December we are on the higher side of the range. There are lot of writers which are still holding their short 5200 call positions and of late 5200 put has also added significant open interest which is more of buying than writing as IV’s were far too low for sellers to make any meaningful returns in short timeframe. Just like breaching of 5000 support by 50-odd points should not have altered positional traders view significantly, on similar basis, 20-30 points move above 5200 levels should not bring exuberance among participants. For January, so far the range which has emerged is not very different from December on the lower side i.e. 4900-5000 may act as support zone. On higher side, 5200 still appears to be resistance, even if this resistance is breached we may not see run away rally.
National Stock Exchange’s Nifty closed at 5187.85, up 9.45 points or 0.18 per cent. The index hit 52 week high of 5214.60 and touched intraday low of 5175.85. Bombay Stock Exchange’s Sensex shied away from hitting new 52-week high and ended at 17401.56, up 40.95 points or 0.24 per cent. The 30-share index touched a high 17486.05 and low of 17372.63. BSE Madcap Index was up 0.50 per cent and BSE Small cap Index moved 1.16 per cent higher. Amongst the sect oral indices, BSE Metal Index was up 0.92 per cent, BSE Power Index moved 0.66 per cent higher and BSE Bankex moved 0.37 per cent up. Reliance Power (4.80%), Reliance Infrastructure (3.21%), Suzlon Energy (2.66%), Hindalco Industries (2.43%) and Ambuja Cement (1.91%) were amongst the top Nifty gainers. One of the four 300 MW-capacity units of a thermal power plant developed by Reliance Power has been commissioned in Rosa. The second 300 MW-unit will be commissioned by the end of January, and will be followed by the other two 300 MW-units by March 2012. The 1,200-MW plant at Roja, is located about 175 km from Uttar Pradesh capital Lucknow. Cipla (-3.47%), Sun Pharma (-2.38%), DLF (-1.69%), Wipro (-1.64%) and ONGC (-1.37%) were amongst the top losers. Market breadth was positive on the BSE with 1859 advances and 964 declines.
European markets were in the green led by commodities and the US markets were also expected to open higher. At 4:20 pm IST, Dow Jones futures was up 0.11 per cent, S&P 500 moved 0.15 per cent higher and NASDAQ 100 gained 0.13 per cent.
GOOD morning have a nice day WISH U ALL A Happy & profitable trading! INTRADAY CALLS FOR TUESDAY 29.12.2009 Buy Hyderabad Industries Ltd at 442.85, TGT 453 SL 433
Buy V I P Industries Ltd at 169.15, TGT174. SL 166 BUY Sesagoa TGT 410,413,416,420 SL396 INVESTMENT CALL & DELIVERY CALLS Tata Motor Targets 796,805,812,820 SL762 Market view today TUESDAY 29.12.2009 Nifty (5178) we seen ‘technically the market is still up and we could see some more short covering and profit booking on the last day of the week ahead of the 4 day holiday’ the market yet again as expected and closed in the green. Technically the market still looks up with Volatility. The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387 BSE Sensex: (17361) the crucial support on the Sensex on the downside is 17000 and resistance at 17500-17888 ASTRO VIEW, TUESDAY, December 29 2009 This week, the 10-minute period before and after 14:50 is likely to beextremely volatile. Be very careful! Kuch bhi ho sakta hai (anything canhappen).In the 8th position of India's natal chart, five planets – Rahu,Sun, Mercury, Venus and Pluto – are forming a stelium inSagittarius, whose lord is Jupiter.10:05 to 12:05- During this period, Nifty may generate its highestvolume for the day. So don't lose focus from the market, and keep onchanging your position. So Nifty may lure you into entering the marketfor profits, and fall once you are in it. (0.02)12:05 to 13:10- Nifty is likely to move up. But, astrologically, it istough to say by how many points. (0.11)13:10 to the end of the trading day- during this period, the weightageis likely to be 0.01. So you can understand by this that Jobbing is youronly option. Everything else will be a drag. (0.01) WORLD MARKETS UPDATE 29.12.2009 Asian MarketsAsian shares trading flat on Tuesday.Nikkei Stock Average 225 down 6.98 points at 10,627.25.Hang Seng Index down 0.39 points at 21,479.83.KOSPI Index down 0.66 pct at 1,674.49.Shanghai Composite Index up 0.22 pct at 3,195.84.US Markets US Markets ended flat on Monday. Dow Jones industrial average up 27 points, up 0.26 percent, to 10,547. The Standard & Poor's 500 index up 1 points, up 0.12 percent, to 1,128. The tech-heavy NASDAQ composite index up 5 points, up 0.24 percent, to 2,291. European Stocks Ended HigherEuropean Markets ended higher on Monday. Britain’s FTSE 100 index ended up 0.56 percent up 30 points to 5,402, Germany’s DAX ended up 0.76 percent up 45 points to 6,003, and France’s CAC 40 ended up 0.88 percent at 3,947.CommoditiesCrude oil was down 16 cents to trade at $78.61 a barrel. Gold settle at $1,108 an ounce.
The Nifty closed above 5,100 and November and December futures closed at a premium to the spot, indicting fresh upside tomorrow, the last day of expiry of this month’s series. The index is set to cross a new high in a day or two as long positions in November series have been considerably high despite the fact that only a day is left for expiry of the November series. Also, the Nifty December series closed at 12 points premium to the spot and added 4.91 million shares in open interest, suggesting long build-up. Interestingly, despite two day left for expiry of the current series, open interest in 5,200 put options of the November series has increased by almost 50 per cent, mostly through sell-side trades. This means a few traders expect the index to break the October high of 5,181 today itself.The set-up is now ripe for markets to complete the V-shaped recovery by testing the highs of October 2009 in the next few days. A short knee-jerk reaction from those levels is a possibility before the indices head towards the medium-term target and the supply zone of 5,270-5,300. The rollover in Nifty December futures were at 63.4 per cent compared to 63.6 per cent in the November series at the same time last month. In absolute terms, the rollovers were higher at 22.04 million shares compared to 20.23 million shares at the same time last month. The rollovers in the December series are mostly through buy-side trades and hence we may see the index moving above the October high of 5,181 on Friday. The rollovers in key index stocks such as HDFC Bank, ICICI Bank, Infosys Technologies, Tata Motors and Tata Steel were considerably higher than in the previous months despite most of these stocks having gained 10-15 per cent in a month, indicating long build-up. The rollover in Reliance Industries was at 400,000 shares. Bharti Airtel and Reliance Communication saw unwinding of long positions due to valuation concerns. Trading view: trade long if nifty sustains above 5200 fut on Tuesday. TGT 5260-5300 fut.
Bulls have reason to celebrate as last minute shopping before Christmas has taken the Nifty to a new high this week. The Finance Minister's comments on GDP growth coincided with the gains. Positive discussions about divestment programmes in Cabinet meeting, better cues from global markets also added to the upsurge. Finally, both the BSE 30-share Sensex and Nifty added 3.8% each. The BSE Sensex hit an intra-week high of 17,361 and low of 16,578 while NSE Nifty hit an intra-week high of 5798 and low of 4,943. The top gainers: The top gainers in the Sensex were NTPC (up 10.7%), Tata Motors (up 9.5%), Tata Steel (up 9.1%), Hindalco Inds (up 9%) and Reliance Infrastructure (up 6.7%). The Top Losers: The top losers in the Sensex were Cipla (down 2.5%), Hindustan Unilever (down 1.2%), Bharti Airtel (down 1%), Ranbaxy Labs (down 0.9%) and ACC (down 0.6%). The BSE IT Index (up 2.6%): The top gainers in the IT sector were Sasken Communication (up 11.1%), HCL Tech (up 4.7%), TCS (up 3.7%), Wipro (up 3.4%) and Mphasis (up 3%).The top losers were Oracle Financial (down 0.4%) and Financial Tech (down 0.2%). The BSE Consumer Index: The top gainers in the Consumer Durables sector were Whirlpool (up 8.5%), Titan (up 7%), Samtel Color (up 4.5%), Videocon Industries (up 2.5%) and Blue Star (up 0.6%). The BSE Healthcare Index (down 0.1%): The top gainer in the Pharma space was Glenmark Pharma. The stock rose over 8.8% during the week. Glenmark Generics received a tentative approval from the USFDA for two drugs. The estimated market size of one of the drugs Pramipexole Dihydrochloride, the generic version of Boehringer Ingelheim's Mirapex tablets, is estimated at US$487mn.Sun Pharma surged over 5% during the week. The company’s attempts to acquire Taro Pharma received a major boost with the Israeli company’s second-largest minority shareholder, Templeton Asset Management, asking the shareholders not to support the existing management, to vote against their decisions and to demand audited financial statementsPanacea Biotec (up 4.6%), Glaxosmithkline (up 4.1%) and Strides Arcolab (up 3.7%) were among the other notable gainers. The top losers in were Suven Life Science (down 4%), Natco Pharma (down 3.5%), Piramal Healthcare (down 3%), Cipla (down 2.5%) and Orchid Chem (down 1.9%). The BSE Banking Index (up 4%): The top gainers in the banking space were Yes Bank (up 7.5%), Axis Bank (up 4.8%), Canara Bank (up 4.4%) and OBC (up 4.2%).ICICI Bank surged 5% during the week. According to reports, the bank plans to raise up to Rs12bn via bonds. The BSE Auto Index (up 2%): The top gainers in the auto space were Tata Motors (up 9.5%), Hero Honda (up 4.3%), Eicher Motors (up 3.4%), Hindustan Motors (up 2%) and Swaraj Mazda (up 1.6%).Bajaj Auto was the top loser. The stock fell 1.4% during the week. The BSE Oil & Gas Index (up 4.8%): The top gainers in the oil & gas space were Gujarat NRE Coke (up 15.8%), Great Offshore (up 13%), Essar Oil (up 4.9%) and HPCL (up 4%). Reliance Industries surged 4% during the week. The company made a gas discovery in one of its exploration blocks in the Krishna Godavari basin off the country's east coast. Great Offshore surged over 13% during the week. Bharati Shipyard concluded its open offer for an additional 20% shares in the company. Following the open offer, Bharati holds 43.17% in Great Offshore.The top losers in the oil & gas space were Hindustan Oil (down 1.1%) and ONGC (down 0.3%). The BSE Capital Goods Index (up 2.4%):The top gainers in the Capital Goods space were Dredging Corp (up 8.5%), BEML (up 8.4%), HEG (up 8.3%), Praj Industries (up 7%) and Jyoti Structures (up 6.6%).The top losers in the Capital Goods space were Gammon India (down 2.7%), ELGI Equipments (down 2.4%), SKF India (down 2.3%), Alfa Laval India (down 0.8%) and Carborundum Universal (down 0.3%). The Cement Sector: The top gainers in the cement sector were Mangalam Cement (up 16.1%), Binani Indus (up 7.3%), Dalmia Cement (up 4.8%), India Cements (up 3.6%) and Prism Cement (up 3%)The top losers were Kakatiya Cement (down 2.2%), Madras Cements (down 1.9%), Birla Corp (down 1.6%), Ultratech Cement (down 1.6%) and JK Cements (down 1.1%). Shares of Ambuja Cement gained 2.7% during the week. The Telecom Sector: The top losers in the telecom were Gemini Comm (down 5.4%), Shyam Telecom (down 2.3%), WWIL (down 2.3%) and Bharti Airtel (down 1%). The top gainers in the telecom space were Himachal Futuristic (up 1.9%), Tata Comm (up 0.8%), MTNL (up 0.8%) and RCom (up 0.5%). The Realty Sector (up 4%): The top gainers in the real estate space were Akruti City (up 12.5%), Parsvnath (up 4.6%), HDIL (up 4.5%), Sobha Developers (up 4.2%) and Ansal Props (up 2.3%). The top losers were Anant Raj Indus (down 2.7%), Mahindra Lifespace (down 1.8%) and Unitech (down 0.7%). The Metals sector (up 6.8%): The top gainer in the metals sector was Adhunik Metaliks. The stock rose over 12% during the week. IDFC Project Equity Company will invest Rs2.5bn through its India Infrastructure Fund in a 540MW plant being built by Adhunik Power & Natural Resources in Jamshedpur. SAIL (up 11.3%), Tata Steel (up 9.1%), Tata Sponge (up 8.7%) and Tata Metaliks (up 8.6%) were among the other top gainers.The top losers were Monnet Ispat (down 2.2%) and Jindal Stainless (down 0.7%). Latest news Panacea Biotec to consider buy back on Dec 30, 2009 Siemens fixes Book Closure for Dividend & 52nd AGM Jaiprakash Hydro changes name as Jaiprakash Power Ventures Ltd Power Grid Board to consider Interim Dividend for 2009-10 Glenmark Generics Ltd receives Tentative Approval from USFDA for Pramipexole Dihydrochloride tablets and Atomoxetine Hydrochloride capsules Nakoda Textile Industries sponsored Surat Super Yarn Park Ltd. enhances production capacity to 1,51,000 MTPA of Texturised yarn Maruti Suzuki plans world premiere for first compact MPV Concept at Auto Expo 2010 Bank Sohar, Oman signs up Intellect GUB - Debt Management Solution from Polaris Software Dabur India equity shareholders & unsecured creditors to approve merger Shoppers Stop opens M.A.C store at Noida Tata Power to declare Q3 results on Jan 19, 2010 IFB Industries deregistered from BIFR Hindustan Tin amends Joint Venture Agreement Kemrock Industries revises rights issue size to Rs 400 crores
Equity benchmarks ended in the positive territory but off 52 week high on Thursday, led gains in by auto, metals and oil & gas stocks. Indices took support from the positive global markets. Equities opened higher in line with other global markets and turned choppy after a rally in previous session. However, a sharp bout of buying in the afternoon helped the indices to finally breakout of resistance levels. Towards close, the market failed to hold on to intraday highs as investors chose to book profits at higher levels ahead of extended weekend. Fundamentally market looks expensive but looking at the momentum it may move higher. One should not buy at these levels as the results season may throw some negative surprises and high inflation is already a cause of concern. Whatever positives are there have already been factored in
National Stock Exchange’s Nifty closed at 5178.40, up 33.80 points or 0.66 per cent after hitting 52-week high of 5197.90. It touched intraday low of 5129.05.
Bombay Stock Exchange’s Sensex ended at 17360.61, up 129.50 points or 0.75 per cent. The index touched intraday high of 17413.69 and low of 17198.09.
If Nifty manages to stay above 5180-5190 then the next two key resistance levels would be 5206 and 5232. Above that the next resistance level is 5304. On the downside, first support is at 5130 then it would be at 5108, 5085 and 5064. If this new found bullishness is to be maintained then it should not close below 5064
The BSE Midcap Index was up 0.72 per cent and BSE Smallcap Index moved 0.60 per cent higher. Amongst the sectoral indices, BSE Auto Index was up 1.50 per cent, BSE Metal Index gained 1.42 per cent and BSE Oil& Gas Index jumped 0.90 per cent.
Tata Motors (4.17%), Hindalco Industries (3%), Reliance Infrastructure (2.55%), Hero Honda (1.93%) and Tata Steel (1.90%) were amongst the top Nifty gainers. IDEA (-2.50%), Ranbaxy Laboratories (-1.92%), Jaiprakash Associates (-1.87%), Bharti Airtel (-1.46%) and Power Grid (-0.82%) led the decline.
Market breadth was positive on the BSE with 1598 advances and 1253 declines.
GOOD morning have a nice day WISH U ALL A Happy & profitable trading! Markets likely to open flat. Resistance for nifty is at 5190. INTRADAY CALLS FOR THURSDAY 24.12.2009 UNITECH Buy around 81 SL 80 TGT 84 Buy Engineers India Ltd at 1508, TGT 1535. SL 1487
Buy Sterlite Technologies Ltd at 334.90, TGT 342. SL 329 INVESTMENT CALL & DELIVERY CALLS BUY 3i Infotech Stop Loss 88 Target 110 BUY Cairn India Stop Loss 274 Target 292 Market view today 24.12.2009 Nifty (4986) we seen‘the market closed positive due to short covering and in the process has generated a reversal pattern that needs to be confirmed and I would say the market is likely to be up as long as 4950 holds’ the market stayed above the 4950 mark and closed hugely in the green trapping the shorts as expected the market is likely to be up with profit booking coming in on the last day of the week before the long weekend…thereafter we go into an F&O expiry and the market is expected to stay subdued in the F&O expiry week.
The crucial support on the downside for the Nifty is 5100 and resistance at 5182-5250
BSE Sensex: (17231) the crucial support on the Sensex on the downside is 17000 and resistance at 17500 Nifty made a bounce and is on the border to entering a trending range. It is to be seen that whether Nifty can jump across 5180. Because if it fails then it would be the third time unlucky. But looking by the strength of today, I guess it should be a breeze. Next stop – 5500. As most indicators are indicating a rally……………………. Astro view, THURSDAY, December 24 2009 On December 20, 2009, Jupiter is changing its sun sign. And its effectswill start showing from December 18, 2009 onwards. The market will gohaywire. You will not know what to do. Ganesha advises you to avoidtaking a long-term stand on anything. Square your positions daily.Last week, Nifty average was -26 points and Nifty total was -130 points.So over all, it was mostly a waste of time. Now you know why Ganesha wassaying what it said in the last week's prediction.Nifty will be particularly unpredictable on December 21, 22, 23 and 30.Don't take a position on bank Nifty on December 23, 24, and 29.Stick to delivery-based intraday during the next week.Today, the time around 15:15 is very crucial. Chances are that themarket will be on the negative during this period.Ganesha foresees today as an extremely boring day. He believes that youwill earn at the market only if you play it smartly. Most part of theday will get used up in settlements. Ganesha advises you to stay awayfrom bank Nifty.10:05 to 10:50- Mutual Funds, traders, and investors is likely to drivethe Nifty in the upward direction. (0.16)10:50 to 11:15- the weightage is zero. Don't cling to a position toomuch.11:15 to 12:30- You may experience selling pressure at Nifty. (-0.08)12:30 to 15:30- the market will be repeatedly changing trend. It willnot settle down, and don't even expect it to. Keep on exiting. WORLD MARKETS UPDATE 24.12.2009 Asian MarketsAsian shares trading higher on Thursday.Nikkei Stock Average 225 up 136.20 points at 10,514.23.Hang Seng Index up 140.26 points at 21,469.00.KOSPI Index up 1.12 pct at 1,679.94.Shanghai Composite Index up 1.23 pct at 3,111.61.US Markets US Markets ended higher on Wednesday. Dow Jones industrial average up 1 points, up 0.01 percent, to 10,466. The Standard & Poor's 500 index up 3 points, up 0.23 percent, to 1,121. The tech-heavy NASDAQ composite index up 17 points, up 0.75 percent, to 2,270. European Stocks Ended HigherEuropean Markets ended higher on Wednesday. Britain’s FTSE 100 index ended up 0.82 percent up 44 points to 5,372 ,Germany's DAX ended up 0.20 percent up 12 points to 5,957 ,France's CAC 40 ended up 0.32 percent at 3,911.CommoditiesCrude oil was up 80 cents to trade at $77.47 a barrel. Gold settle at $1,095 an ounce. We wish you To Have A Superb Profitable Trading Day Today!!! Regards, RAKESH MAKIN Chugh securities Pvt Ltd +91 9915684997, 9041667797 PANCHKULA (Haryana). Email:makin_97@yahoo.com Email:rakeshmakin@yahoo.com Blog :http://wwwmakin97-nse.blogspot.com/ Home page: http://in.groups.yahoo.com/group/makin97NSEtips Group mail id: makin97NSEtips@yahoogroups.co.in WISH U ALL HAPPY & SAFE TRADING
SENSEX 17231.11 +539.11 WE BOTH ROCKEDD NIFTY 5144.60 +158.75 NASDAQ 2176.05 +6.87 DJIA 10426.31 -11.11 RS/$ 46.25 -0.16 The series of choppy sessions came to end Wednesday, as equity benchmarks surged to end near intermediate resistance levels for the first time in one and half months.Indices opened in the green taking cues from the positive economic news from the US housing market. Sustained buying activity in index-heavyweights like Reliance Industries, NTPC, and ICICI Bank propelled the benchmarks to higher levels. Finance Minister Pranab Mukherjee’s comment on India’s economic growth boosted sentiments further. The minister said the Indian economy can grow 7.75 per cent in the fiscal year 2010 and 9-10 per cent growth is within reach. According to dealers, domestic institutions and funds entered the markets taking by surprise retailers who were expecting the indices to drift lower. Foreign funds are usually silent towards end of the year. Buying in selected heavyweights appears to be from the domestic institutions and mutal fund Retail participants have been left out as they were waiting for further correction to enter at lower levels National Stock Exchange’s Nifty ended at 5144.60, up 158.75 points or 3.18 per cent. The broader index touched a high of 5150.60 and low of 4990.05. Bombay Stock Exchange’s Sensex closed at 17231.11 up 539.11 points or 3.23 per cent. The 30-share index hit intraday high of 17252.09 and low of 16723.96. Market outlook will change if Nifty closes above 5120. The index is likely to test 5350-5470 levelsTraders who had gone short were caught off-guard. Indices will find good support as traders try to square-off shorts. The BSE Midcap Index was up 1.57 per cent and BSE Small cap Index moved 1.51 per cent higher.
Amongst the sect oral indices, BSE Metal Index was up 4.05 per cent, BSE Oil&gas Index gained 3.43 per cent and BSE Power Index moved 3.37 per cent higher. Hindalco Industries (7.23%), NTPC (6.56%), Sterlite Industries (5.05%), Tata Steel (4.76%) and ICICI Bank (4.71%) were amongst the top Nifty gainers.
NTPC surged on reports that the government may allow power producers to sell up to 50 per cent of unallocated electricity from new plants in the open market. The other possible beneficiary NHPC ended 6.75 per cent higher. Reliance Industries shot up after reports of third successive gas discovery in the D3 deep-sea block in the Krishna-Godavari basin, off the east coasThe stock ended 4.59 per cent higher shares of Hindalco and NALCO rose on reports that they have increased aluminum prices in line with global market. Hero Honda (-0.07%) was the lone index loser. Market breadth was positive on the BSE with 1,907 advances and 924 declines. European markets were in the green and US stocks are also expected to open higher. At 4:50 pm IST, Dow Jons stocks futures was up 0.27 per cent, S&P 500 moved 0.39 per cent higher and NASDAQ 100 gained 0.35 per cent.
GOOD morning have a nice day WISH U ALL A Happy & profitable trading!
INTRADAY CALLS FOR WEDNESDAY 23.12.2009 IOC Buy Above 308 SL 305 TGT 314 Buy Gujarat Mineral Development Corporation Ltd 144.35, TGT 151.50 SL140 INVESTMENT & DELIVERY CALLS ROCKET STOCK PONDY OXIDES & CHEMICALS Ltd 23 TARGET 35 & 45 Buy NTPC above 216.6 SL 213.3 TGT 220 223 Buy ABAN above 1221 SL 1207 TGT 1232-1255(inrta+Delivery) BUY Suzlon Energy Stop Loss 81 Target 90 Market view today 23.12.2009 Nifty (4986) we said ‘now if we get a good sharp decline then that decline would be an opportunity for buying as the market is likely to bounce back after a decline’ the market closed positive due to short covering and in the process has generated a reversal pattern that needs to be confirmed and I would say the market is likely to be up as long as 4950 holds… The crucial support on the downside for the Nifty is 4950 and resistance at 5035-5063 BSE Sensex (16692) the crucial support on the Sensex on the downside is 16600 and resistance at 16873-16965 Though today’s is positive and US looks pretty OK, we are still not out of the woods yet. I guess only a close > 5040; will assure the market that things are not that bad. Trade positive intra day, but close positions at EOD till markets come out of the rut. Astro view, wednesday, December 23 2009 Nifty will be particularly unpredictable on December 21, 22, 23 and 30.Don't take a position on bank Nifty on December 23, 24, and 29.Stick to delivery-based intraday during the next week.A forgettable day. Your best option is intra-day, but provided you havethe strength to take the delivery. Don't hold a position in bank Nifty.10:05 to 11:25- Ignore all recommendations. Wait for the market to open,says Ganesha. The market will drop from the point it opens, thus it willfollow an up-down pattern. (0.08)11:25 to 13:25- The market trend is likely to move step-by-step in theupward direction, except when there is a Nifty breakout. But theweight age is less, so don't get your hopes high and keep on exiting.(0.03) 13:25 to 14:45- The graph of trends at Nifty will form a W. So close watch Nifty's behavior before making a decision. (0.05)14:45 to 15:30- The weight age for this line is around -0.01, which isclose to zero. So, don't expect earth shattering profits at Nifty. Keepon jobbing if you still want to trade at Nifty. WORLD MARKETS UPDATE 23.12.2009 Asian MarketsAsian shares trading flat on Wednesday.Hang Seng Index up 4.77 points at 21,096.81.KOSPI Index up 0.09 pct at 1,656.99.Shanghai Composite Index up 0.31 pct at 3,060.10.
US Markets ended higher on Tuesday. Dow Jones industrial average up 51 points, up 0.49 percent, to 10,465. The Standard & Poor's 500 index up 4 points, up 0.36 percent, to 1,118. The tech-heavy NASDAQ composite index up 15 points, up 0.67 percent, to 2,253. European Stocks Ended HigherEuropean Markets ended higher on Tuesday. Britain’s FTSE 100 index ended up 0.66 percent up 35 points to 5,329 ,Germany's DAX ended up 0.26 percent up 15 points to 5,946,France's CAC 40 ended up 0.68 percent at 3,898 .
SENSEX 16692.00 90.80 NIFTY 4985.85 33.25 NASDAQ 2176.05 6.87 DJIA 10426.31 -11.11 RS/$ 46.25 -0.16 Equity benchmarks ended a lacklustre session with positive bias Tuesday due to lack of buying activity ahead of Christmas holiday later this week. Markets opened higher in line with Asian peers and turned rangebound. According to dealers, frontline stocks were subdued as it was time for some FIIs to book profits ahead of end of calendar year 2009. Positive cues from the global markets were overlooked.
National Stock Exchange’s Nifty closed at 4985.85, up 33.25 points 0.67 per cent. The broader index touched a high of 4997.30 and low of 4953.35. Bombay Stock Exchange’s Sensex ended at 16,692, up 90.80 points or 0.55 per cent. The 30-share index hit a high of 16738.12 and low of 16633.81.
Sensex has been moving in a narrow range of 16600-17300. It needs to break out on huge volume for further direction. Trade has been choppy and carryovers are not great suggesting that rollovers will be a low key affair,” BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 0.99 per cent higher.Amongst the the sectoral indices, BSE Metal Index was up 2.87 per cent, BSE Realty Index gained 1.51 per cent and BSE Bankex moved 1.16 per cent higher. BSE IT Index was down 0.35 per cent ans BSE Healthcare Index edged 0.17 per cent lower. Sectorwise rotation will continue. Banking stocks are in oversold territory and a bounce back is expected. Stock wise, SAIL and Tata Steel should do well in coming days,” Vaid said. SAIL (7.41%), Suzlon Energy (4.76%), Tata Steel (4.25%), Hindalco Industries (4.08%) and Bharti Airtel (3.68%) were amongst the top Nifty gainers.
ACC (-2.28%), ONGC (-1.23%), Grasim (-1.20%), TCS (-1.16%) and Jaiprakash Associates (-0.84%) were amongst the losers.
Market breadth was positive on the BSE with 1694 advances and 1107 declines. European markets were in the green led by banks and US markets were also expected to open higher. At 4:50 pm IST, Dow Jones stock futures was up 0.37 per cent, S&P 500 moved 0.39 per cent higher and NASDAQ 100 gained 0.58 per cent.
GOOD morning have a nice day Happy and profitable trading!
INTRADAY CALLS FOR FRIDAY 22.12.2009 Buy strictly only if NIFTY moves only in Positive Direction Buy Nava Bharat Ventures ltd 398.75, TGT 409. SL392.
Buy Genesys International Corporation Ltd 200.40, TGT 209
PUNJLLOYD Sell Below 194 SL 197.50 TGT 188 Sell LT below 1605 SL 1629 SL 1581.15 INVESTMENT CALL & DELIVERY CALLS BUY Arvind Stop Loss 35 Target 46 Buy Titan above 1413SL 1392 TGT 1434 1455 Market view today 22.12.2009 Nifty (4953) the market unfolded down as expected but interestingly the market has closed right on support and the market is oversold on short term indicators… now if we get a good sharp decline then that decline would be an opportunity for buying …as the market is likely to bounce back after a decline... The crucial support on the downside for the Nifty is 4850 and resistance at 5000 BSE Sensex: (16601) the crucial support on the Sensex on the downside is 16385 and resistance at 16780 US closed very good and Asia opened very good. I guess the euphoria will spread to Indian towns also. Beware of high openings. Expect oscillation between 5000 – 20. Astro view, Monday, December 22 2009 Ganesha sees today as a day when you won't understand anything thattranspires at the market. Yearly graph is losing strength, and monthlygraph is lending little support during the month. Over all, it's aboring week.10:05 to 12:30- Nifty will show maximum volatility due to FIIs and ADR.So don't trade with a fixed mindset. The weight age of this prediction isaverage: not too positive, but not exactly zero. (0.02)12:30 to 13:35- Leave Nifty to the arbitrators. If you wait for themarket to meet your expectations, you will be disappointed. It's best ifyou stick to positive jobbing. (0.11)13:35 to 14:10- Nifty may lose its positive run. (-0.04)14:10 to end of the trading day- Nifty will first move upwards and thenwill see selling during the last 15 minutes. Anything can happen duringthis period.(0.05) WORLD MARKETS UPDATE 22.12.2009
Asian MarketsAsian shares trading higher on Tuesday.Nikkei Stock Average 225 up 103.80 points at 10,287.27.Hang Seng Index up 230.54 points at 21,178.64.KOSPI Index up 0.36 pct at 1,650.09.Shanghai Composite Index down 0.38 pct at 3,111.02.US Markets US Markets ended higher on Monday. Dow Jones industrial average up 85 points, up 0.83 percent, to 10,414. The Standard & Poor's 500 index up 12 points, up 1.05 percent, to 1,114. The tech-heavy NASDAQ composite index up 26 points, up 1.17 percent, to 2,238. European Stocks Ended HigherEuropean Markets ended higher on Monday. Britain’s FTSE 100 index ended up 1.87 percent up 97 points to 5,294 ,Germany's DAX ended up 1.70 percent up 99 points to 5,931,France's CAC 40 ended up 2.05 percent at 3,872.CommoditiesCrude oil was down 89 cents to trade at $72.47 a barrel. Gold settle at $1,096 an ounce.
Equity indices ended in the negative terrain Monday as cautious investors resorted to profit booking ahead of Christmas holiday later this week. Capital goods, metals and auto stocks ended with losses while oil&gas and banks resisted the decline. Market opened flat in line with other Asian markets and turned rangebound due to lack of triggers. Benchmarks slipped lower in the afternoon and closed near the psychological support levels. Positive opening of the European markets failed to lift sentiments.
National Stock Exchange’s Nifty closed at 4952.60, down 35.10 points or 0.70 per cent. The index touched an intra-day low of 4943.95 and high of 4997.85.
Bombay Stock Exchange’s Sensex ended at 16601.20, down 118.63 points or 0.71 per cent. The 30-share index hit a low of 16577.78 and high of 16750.99. The near term view on the Nifty is bearish as long as it remains below 5075.
For long term investors it’s a great opportunity to enter the market at these levels from six-month perspective. Cement and banks look good at these levels The BSE Midcap Index was down 0.46 per cent and BSE Smallcap Index slipped 0.15 per cent.
Amongst the sectoral indices, BSE Capital Goods Index was down 1.63 per cent, BSE Metal Index slipped 1.59 per cent and BSE Auto Index declined 1.51 per cent. BSE Oil gas was up 0.17 per centand BSE Bankex moved 0.10 per cent higher. Hindalco Industries (-4.59%) M&M (-3.57%), Cipla (-3.38%), IDFC (-3.33%) and HCL Tech (-3.09%) were amongst the Nifty losers.
Gainers included AXISBANK (2.07%), TCS (1.15%), Cairn India (1.06%), Reliance Indsutries (0.58%) and NTPC (0.51%). The Supreme Court on Friday reserved its verdict on the gas supply dispute between Reliance Natural Resources Ltd and Reliance Industries. The three-member bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice P. Sathasivam reserved the verdict after the conclusion of arguments that lasted 27 days spread over nine weeks. Reliance Life Sciences, a company promoted by Reliance Industries’ chairman, Mukesh Ambani, is looking at biopharmaceuticals as a huge thrust area. The company recently launched its fourth biosimilar product, TPA Reteplase.Biopharmaceuticals are medical drugs produced using biotechnology. Market breadth was positive on the BSE with 1270 advances and 1544 declines.
The European markets were in the green led by commodities and banks. US markets are also likely to open in the positive terrain. At 4:35 pm IST, Dow Jones stocks futures was up 0.18 per cent, S&P 500 moved 0.21 per cent higher and NASDAQ 100 gained 0.30 per cent
GOOD morning have a nice day Happy and profitable trading!
INTRADAY CALLS FOR FRIDAY 21.12.2009 Buy DCHL above 159.50 SL 157 TGT 161.9 164 Buy Shri Lakshmi Cotsyn Ltd at 108.15, TGT 112.50 SL 104 Buy Axis bank 935 SL 918 TGT 976-980 INVESTMENT CALL & DELIVERY CALLS Buy GVK Power at 46/- Target 49/- & 53/- Short term. Just Buy at 46/- and sell at 49/- before F&O Expiry on 31st December. HDIL BUY 342.80 SL 340.00 TGT 346(intra) 348 TGT2 delivery GOA CARBON BUY 117.70, 112.95, 121.90, 126.00, 130.00 BUY Balaji Distilleries Stop Loss 38 Target 49 MARKET OUTLOOK 21-24 dec 2009 We said the market actually does not require a breakout from 5181 levels but a strong breakout from 5200 levels is necessary to make it worthwhile and until that happens the up move would always be a suspect. The suspect market could not sustain itself and finally broke down and closed in the red and below the 5000 mark indicating more down side in the days to come… Technically the market is in a sell zone and we could see some more slide in the days to come and a violent reaction thereafter during the week is not ruled out… The logical target on the downside for the Nifty is 4850-4785 and resistance at 5100 The logical target on the downside for the Sensex is 16586-16281-16015 and resistance at 17000From a trading point of view I would continue to book profits on the way up…it never hurts. Market view today 21.12.2009 Nifty closed above 4980 levels on Friday, which is just above the support levels. Today it has to move up from here as below this levels Nifty can fall further to a pain full levels of 4950-4920. In upper side, the levels to watch is 5040-5050 levels. If anyone shorted Nifty do not remain short above 5050 levels as we can see some upper rally from these levels. Above 5080 levels, Nifty can again cross 5100-5120 levels in coming days or a short covering rally can expected any moment. Friday US closed positive and Asian markets will play a big role for our markets. Anyways my personnal calculations, Nifty will take turn from here.
Astro view, Monday, December 21 2009 Last week, Nifty average was -26 points and Nifty total was -130 points.So over all, it was mostly a waste of time. Now you know why Ganesha wassaying what it said in the last week's prediction.Nifty will be particularly unpredictable on December 21, 22, 23 and 30.Don't take a position on bank Nifty on December 23, 24, and 29.Stick to delivery-based intraday during the next week. Jupiter has entered Aquarius, and Venus has entered Sagittarius. Sodon't invest in stocks related to media and educational sector.10:05 to 11:00 - Nifty is strong, but like we said before, today themarket will be directionless and so wait for the opening before youstart trading. (0.15)11:00 to 12:05 – the selling of heavy-weight scripts will increase. The effect will be evident on Nifty. (-0.07)12:05 to 13:25 – If you have already purchased Nifty shares you canbook profits during this period. (0.08) 13:25 to the end of the day – Nifty will give you an amazing opportunity to gamble on both sides. (0.02) WORLD MARKETS UPDATE 21.12.2009 Asian MarketsAsian shares trading mixed on Monday.Nikkei Stock Average 225 up 63.09 points at 10,205.14.Hang Seng Index down 89.84 points at 21,086.04.KOSPI Index up 0.13 pct at 1,649.15.Shanghai Composite Index down 0.49 pct at 3,098.57.
US Markets ended higher on Friday. Dow Jones industrial average up 21 points, up 0.20 percent, to 10,329. The Standard & Poor's 500 index up 6 points, up 0.58 percent, to 1,102. The tech-heavy NASDAQ composite index up 32 points, up 1.45 percent, to 2,212. European Stocks Ended LowerEuropean Markets ended lower on Friday. Britain’s FTSE 100 index ended down 0.40 percent down 21 points to 5,197 ,Germany's DAX ended down 0.23 percent down 13 points to 5,831,France's CAC 40 ended down 0.95 percent at 3,794.
Bears seem to tighten their grip over the Indian bourses, which was otherwise quite lackluster. The Nifty lost nearly 4% from its 52-week high, which it rose to during the previous week. Murky economic outlook, worry of soaring food prices and possible interest rates hike continued to weigh upon the sentiment. For the week, the BSE Sensex lost 2.3% to end at 17,720 while the NSE Nifty fell 2.5% to shut shop at 4,988.The BSE Sensex hit an intra-week high of 17,275 and low of 16,899 while the NSE Nifty hit an intra-week high of 5,156 and low of 4,979 The top gainers: The top gainers in the Sensex were Ranbaxy Labs (up 6.5%), ACC (up 5.5%), Cipla (up 4.7%), Wipro (up 4.7%) and Tata Motors (up 3.1%). The Top Losers: The top losers in the Sensex were HDFC Bank (down 6.8%), DLF (down 6.7%), ICICI Bank (down 6.4%), Reliance Industries (down 5.9%) and SBI (down 5.3%). The BSE IT Index (up 3%): The top gainer in the IT sector was HCL Tech. The stock rose over 5% during the weekHCL Tech’s US$ organic revenue growth in 2QFY10 was ~10ppt higher than that of its peers Infosys, TCS and Wipro, thanks to its aggressiveness in bidding for new deals in a tight demand environment. Margins, on the other hand, have been under pressure because of acquisitions, a struggling BPO business and deal ramp ups. However, we see relatively better margin tailwinds as large deal rampups stabilize and integration synergies come to the fore. Also, after a year of volatile hedging, the company’s new forex policy indicates stability. Valuations are at ~30% to 45% discount to peers against the historical average of ~17% to 25%. Wipro surged over 4.5% during the week after reports stated that the company entered into a partnership for an out-tasking of testing services with Telefonica, Germany. TCS gained 3% during the week. According to reports, the company has emerged as the sole bidder for the modernisation and outsourcing contract of UK government’s pension body. Sasken Communication (up 4.7%) and Mphasis (up 4%) were among the other notable gainers.The top losers were Mahindra Satyam (down 9.1%) and Financial Tech (down 3.3%). The BSE Consumer Index: The top losers in the Consumer Durables space were Samtel Color (down 7%), Su-Raj Diamonds (down 3.5%), Whirlpool (down 2.4%), Blue Star (down 2.2%) and Videocon Industries (down 0.6%). The BSE Healthcare Index (up 3.8%): The top gainer in the Pharma space was Dr Reddy's Labs. The stock rose over 9%. The company launched omeprazole, a generic version of AstraZeneca's Prilosec, in the United States. Ranbaxy Labs advanced 6.5% during the week. The company reportedly sold as many as 5 lakh shares of Orchid Chemicals through a bulk deal on Tuesday, well before the latter announced the sale of its generic injectables business to US firm Hospira. Lupin (up 5%), Cipla (up 4.7%) and Sun Pharma (up 4.3%) were among the other major gainers. The top losers were Marksans Pharma (down 4.6%), Astrazeneca Pharma (down 3.3%), Torrent Pharma (down 2.8%) and Pfizer (down 2.3%).Wockhardt shares fell 3.3% during the week. According to reports the tie-up between Kamineni Hospital and the company to run two hospitals seems to be heading for a split.Piramal Healthcare ended lower by 0.6% during the week. A report released by IIFL during the week stated that, “Piramal Healthcare, being one of the largest players open to inorganic growth, would be one of the prime beneficiaries from potential consolidation in the fragmented domestic pharma market. With problems in the CRAMS business easing off, we expect stable growth ahead. The global critical-care business, expanded through recent acquisitions, is strategically well-positioned to take off over the next 3-6 quarters, with increasing market share in existing markets and launches in new markets. The pathology laboratories business is a less well-known growth driver for the medium to long term. The BSE Banking Index (down 5.6%): Disappointing advance tax numbers by banking heavyweights like ICICI Bank and SBI dampened the sentiment; both the stocks fell 2% and 1.6% respectively. The top losers in the banking space were Andhra Bank (down 10%), Allahabad Bank (down 8.2%), Bank of India (down 7.1%), Axis Bank (down 6.9%) and HDFC Bank (down 6.8%). The BSE Auto Index (up 0.2%): The top losers in the auto space were Ashok Leyland (down 4.8%), Maruti Suzuki (down 2.7%), Swaraj Mazda (down 2.4%), Hindustan Motors (down 2%) and Bajaj Auto (down 1.2%).
The top gainers in the auto space were Tata Motors (up 3.1%), M&M (up 2.4%) and Hero Honda (up 0.2%).Most automakers’ margins peaked in 2QFY09. Going forward, increase in commodity prices will put pressure on margins. Furthermore, these cost increases will be difficult to pass on to customers, given: The imminent increase in excise duty rates; and the inevitable increase in costs due to adoption of new emission standards (two-wheelers are already compliant with the most stringent emission norms). On the other hand, a preliminary analysis of the GST code suggests that its adoption could offer auto companies some margin respite. As changes in excise duty and emission norms do not affect prices of tractors, Mahindra & Mahindra (M&M) is the best-placed in this respect. CV companies have already increased prices by ~6% in the past 12 months and hence could find it difficult to raise prices further. The BSE Oil & Gas Index (down 4.1%): The top losers in the oil & gas space were IOC (down 7.2%), Reliance Industries (down 5.9%), HPCL (down 4.7%), BPCL (down 4.3%) and Jindal Drilling (down 2.1%). The top gainers in the oil & gas space were Gujarat NRE Coke (up 9.1%) and Essar Oil (up 0.4%). The BSE Capital Goods Index (down 1.4%): The top losers in the Capital Goods were Esab India (down 6.5%), Aban Offshore (down 5.4%), Astra Microwave (down 4.8%), Alfa Laval India (down 4.5%) and Alstom Projects (down 3.7%).The top gainers in the Capital Goods space were HEG (up 18.8%), Greaves Cotton (up 12.8%), Ingersoll Rand (up 10.6%), Jyoti Structures (up 5.5%) and Lakshmi Machine (up 2.7%). The Cement Sector: The top gainers in the cement sector were Mangalam Cement (up 15.5%), ACC (up 5.5%), Ultratech Cement (up 4.5%), Dalmia Cement (up 4.2%) and Gujarat Sidhee (up 1.5%).All-India despatches increased 8.8% YoY in November 2009 (YTD growth at 10.7%).Central region recorded 17% YoY despatch growth, with a rebound in infrastructure spends. South continues to lag.All-India capacity utilisation declined 230bps YoY to 81%, primarily on account of sharp increase in capacities in the south. We continue to be negative on south-based companies and positive on north-based companies.” The Telecom Sector: The top losers in the telecom space were Shyam Telecom (down 8.2%), RCom (down 6.3%), Gemini Comm (down 5.9%), Himachal Futuristic (down 5.4%) and MTNL (down 4.9%). Bharti Airtel lost 4.1% during the week. The company is reportedly looking to acquire a controlling stake in phone operator Warid Telecom, Bangladesh. The Realty Sector (down 5.5%): The top losers in the Realty index were Unitech (down 7.4%), DLF (down 6.7%), Mahindra Lifespace (down 6.4%), Ansal Props (down 5.4%) and Omaxe (down 4.2%). The Metals sector (down 1.2%): The top losers were Jindal Steel (down 5%), Lloyds Metals (down 4.1%), Bhuwalka Steel (down 3.5%), Ispat Industries (down 3%) and Tata Metaliks (down 1.4%).The top gainers were Tata Sponge (up 5.4%), Tata Steel (up 3.1%), SAIL (up 1%) and Sunflag Iron (up 1%).Bhushan Steel added 1% during the week. The company is reportedly planning to increase prices of its products by up to Rs1,500 a ton next month.
GOOD MORNING & have a nice DAY WISH U ALL A Happy & profitable trading!
