MARKET ENDED 30.06.2010 WEDNESDAY

WERE SENSEX GAINERS

MARKET ENDED 30.06.2010 WEDNESDAY

SENSEX 17700.90 +166.81

NIFTY 5312.50 +56.35

NASDAQ 2135.18 -85.47

DJIA 9870.30 -268.22

RS/$ 46.52 -0.36

Indices ended near day’s highs on Wednesday as optimistic foreign institutions continued to pour funds in frontline stocks despite rocky world markets. FMCG,oil&gas and auto led the rally while IT stocks ended marginally lower.
Market opened lower extending overnight losses on concerns of global economic crisis which pinned down major US and Asian indices. However, sustained buying activity in Reliance Industries helped the benchmarks to stay aloft in the green as the session progressed. Bounce back in Europe later in the day helped indices to end above psychological resistance levels.
According to analysts, India’s growth story is encouraging the FIIs with investments even in uncertain times. Indian markets may fall sharply in line with others incase of a global market meltdown but will recover quickly.
Our GDP growth is expected to be better than China. The monsoon so far has been better and is likely to boost the economy. India and Brazil are two stars in gloomy world markets.
Depending on the headwinds from global markets, we may see a sharp correction but we’ll fall to recover faster than others.
Bombay Stock Exchange’s Sensex closed at 17700.90, up 166.81 points or 0.95 per cent. The index touched intraday low of 17373.78 and high of 17725.04.
National Stock Exchange’s Nifty ended at 5312.50 up 56.35 points or 1.13 per cent. The broader index hit a low of 5210 and high of 5320.35 in today’s trade.
BSE Midcap Index was up 0.46 per cent and BSE Smallcap Index was up 0.44 per cent.
Amongst the sectoral indices, BSE FMCG Index moved 1.90 per cent higher, BSE Oil&gas Index gained 1.62 per cent up and BSE Auto Index moved 1.07 per cent higher.

IDFC (4.41%), Idea (4.28%), BPCL (4.27%), Kotak Bank (3.70%), and ITC (3.12%) were amongst the top Sensex gainers.
Sumitomo Mitsui Financial Group said it has agreed to buy a 4.5 per cent stake in Kotak Mahindra Bank for $296 million, as Japan's No 3 bank steps up efforts to expand its overseas operations.
Bharti Airtel (-1.28%), GAIL (-1.26%), Wipro (-1.19%), TCS (-0.24%) and Tata Power (-0.23%) were the major index losers.
Market breadth was positive on the NSE with 1731 advances against 1407 declines.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

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MARKET ENDED 29.06.2010 TUESDAY

WERE SENSEX GAINERS

MARKET ENDED 29.06.2010 TUESDAY

SENSEX 17534.09 -240.17

NIFTY 5256.15 -77.35

NASDAQ 2220.65 -02.83

DJIA 10138.52 -05.29

RS/$ 46.16 +0.38

Indian markets ended deep in the red Tuesday mirroring losses in global peers. The worst hits were stocks from metals, realty and banks whereas FMCG and capital goods ended with minimal losses.
Benchmarks opened lower tracking a decline in Chinese markets. Later, the negative opening of Europe pulled the indices further down. Broader markets also gave in to selling pressure and ended lower. According to analysts, the market had run-up in the past few sessions and some correction was expected.
Bombay Stock Exchange’s Sensex closed at 17534.09, down 240.17 points or 1.35 per cent. The index touched intraday low of 17465.73 and high of 17777.95.
National Stock Exchange’s Nifty ended at 5256.15, down 77.35 points or 1.45 per cent. The index touched a high of 5334.15 and low of 5235.80 in today’s trade.
Market has been rangebound for the past 6-7 sessions between 5368-5224. We don’t see too much selling below 5224 in the near term. In case, the index closes below this level then the next supports to watch-out would be 5150-5080. On the upside Nifty is likely to face resistance around 5410 levels.
BSE Midcap Index was down 0.65 per cent and BSE Smallcap Index moved 0.62 per cent lower.
Amongst the sectoral indices BSE Metal Index was down 2.74 per cent, BSE Realty Index declined 1.55 per cent and BSE Bankex moved 1.47 per cent lower.
Losers included Hindalco (-4.35%), Reliance Communications (-3.82%), Tata Steel (-3.70%), Reliance Infrastructure (-2.87%) and Jindal Steel (-2.61%).
L&T (0.22%), Bharti Airtel (0.15%) and ONGC (0.13%) were the only index gainers.
Market breadth was negative on the BSE with 1129 declines against 1728 advances.
European markets were reeling under pressure and US stock futures indicated a gap-down opening. At 5 pm IST, Dow Jones futures was down 1.05 per cent, Nasdaq slipped 1.27 per cent lower and S&P 500 declined 1.15 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

PERF: http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

PREMARKET & INTRADAY CALLS FOR 29.06.2010 TUESDAY

GOOD MORNING & Have a Nice DAY

PREMARKET & INTRADAY CALLS FOR 29.06.2010

TUESDAY

Buy VIDEOIND 214.20 TGT 219 SL 209
Buy NHPC 31.30 TGT 33 SL 30

SHORT TERM INVESTMENTCALLS 29.06.2010

BUYABAN ABOVE 800 SL 791 TGT 809-813

BUY CHAMBLFERT ABOVE 65.5 SL 64.5 TGT 66.5-67

MARKET VIEW 29.06.2010 TUESDAY

NIFTY

RESISTANCE-5353-5372-5404
SUPPORT-5314-5295-5263

SENSEX
Resistance-17836-17897-18000
Support-17712-17651-17548

WORLD MARKET 29.06.2010 UPDATED 07.40AM

Asian markets were trading firm. China's Shanghai Composite was flat at 2,531.65.

Hong Kong's Hang Seng was flat at 20,727.45.

Japan's Nikkei rose 0.53% or 51.79 points at 9,745.73.

Singapore's Straits Times was up 0.35% or 10.17 points at 2,880.16.

South Korea's Seoul Composite added 0.23% or 3.97 points at 1,736.

Taiwan's Taiwan Weighted gained 0.97% or 72.54 points at 7,573.33.

TODAYS Results 29.06.2010

Ajanta Pharma Dividend 3.50
Allied Computer Consolidation of Shares
Chowgule Steam Dividend 1.50
Edelweiss Capital Final Dividend 3.00
Edelweiss Capital Special Dividend 5.00
Eimco Elecon Dividend 4.00
Elecon Engineer Dividend 1.50
FEM Care Amalgamation
HDFC Dividend 36.00
JSW Energy Dividend 0.75
Kaira Can Dividend 2.50
LIC Housing Finance Dividend 15.00
Maharashtra Scooters Dividend 5.50
MPS Dividend 1.00
NIIT Dividend 1.40
NIIT Tech Dividend 7.00
Orbit Corporation BONUS 1:1
Piccadily Sugar Reduction of Capital
Piramal Health Dividend 5.40
Rainbow Papers Dividend 2.00
Sulabh Engineering Dividend 0.60
Tata Sponge Dividend 8.00
Vardhman Holdings Dividend 2.00
XPRO India Dividend 1.75

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997, 9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Blog : http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

Disclaimer

These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of market with reference to it's previous performance. You are advised to take your positions with your sense and judgment. We are trying to consider fundamental validity of stocks as far as possible, but demand and supply affects with vision, variation. [Our subscribers have positions in the above recommended scripts

MARKET ENDED 28.06.2010 MONDAY

WERE SENSEX MOVERS

MARKET ENDED 28.06.2010 MONDAY

SENSEX 17774.26 +199.73

NIFTY 5333.50 +64.45

NASDAQ 2223.48 +06.06

DJIA 10143.81 -08.99

RS/$ 46.54 +0.50

Indian shares ended near day’s highs Monday as euphoria over the fuel price hike continued to spike index-heavyweights in the oil&gas sector. Positive cues from European peers also boosted sentiments.
Indices opened on a firm note despite mixed cues from Asian markets. Sustained buying activity in Reliance Industries, Reliance Communications and ONGC helped the benchmarks to gain moment as the session progressed.
Bombay Stock Exchange’s Sensex closed at 17774.26, up 199.73 points or 1.14 per cent. The index touched a high of 17794.80 and low of 17571.85 in today’s trade.
National Stock Exchange’s Nifty ended at 5333.50, up 64.45 points or 1.22 per cent. The broader index hit intra-day high of 5339.45 and low of 5270.75.
Market is likely to trade in a range of 5250 to 5350 levels in coming days in the absence of any directional trigger, whereas a range breakout on either side may give further direction to the market.
If S&P CNX Nifty sustains above 5320 levels then further up move may be seen in the market towards 5350-5380 levels. On downside if it stays below 5280 levels then selling pressure may intensify and Nifty may test 5250-5220.
BSE Midcap Index was up 1.14 per cent and BSE Smallcap Index moved 1.10 per cent higher.
Amongst the sectoral indices, BSE Oil&gas Index gained 2.29 per cent, BSE Realty Index advanced 2.15 per cent and BSE Power Index moved up 1.94 per cent.
In the coming sessions, concern of rising inflation due to fuel price hike and impact of monsoon are likely to guide the market.
According to India Meteorological Department, the cumulative rainfall till the week ended June 23, 2010 stood at 11.1% below Long Period Average. The rainfall for the week ended June 23, 2010 stood at 21.2% below normal.
We expect headline inflation to peak towards the end of Jul’10 and begin descending towards the 7% levels by Nov’10. Our assumptions are based on our in-house view that crude is likely to remain range bound with an upper-end level of $80/bbl.
While we had been expecting a 75bps monetary tightening in policy rates during the rest of FY11E (repo at 6%), we believe that the fuel price deregulation might force the RBI’s hands sooner than anticipated. Although the RBI is slated to announce its First Quarter Review of the Monetary Policy on 27th Jul’10, we opine that a policy move is unlikely to be pushed that far out.

Reliance Communications (4.65%), Reliance Infrastructure (4.04%), ONGC (3.19%), Tata Motors (2.35%) and Reliance Industries (2.33%) were amongst the top Sensex gainers.
Reliance Communications on Sunday announced a deal that would see its tower business combine with smaller rival GTL Infrastructure to create what it claimed would be the world’s largest independent telecom tower company with an enterprise value of Rs 50,000 crore and 80,000 towers. The GTL Infra-RCOM deal is one of the biggest domestic M&A deals.
Pemex and Reliance Industries may soon forge a partnership to develop a large-capacity greenfield refinery in Mexico. The 300,000-barrels-a-day refinery will largely meet the domestic energy requirements of Mexico.
Shares of oil marketing companies have gained momentum since the government announced hike in fuel prices.the recent announcements and actions by the government to partially deregulate and hike price have shown incremental upside on earnings of OMC’s.
Implementations of a partial de-regulation have set in motion the process of re-rating of the oil marketing companies. With policy initiative being a strong rating trigger for the OMC’s, the recent event is likely to help OMC’s regain their historic peak valuation of 1-year forward P/BV of 2x.
We maintain buy rating on the IOCL, BPCL and HPCL with the target price of Rs 392 (1.4x FY12E BV of Rs.286), Rs 675 (1.3x FY12E BV of Rs.514) and Rs 515 (1.3x FY12E BV of Rs 442) respectively,” the report said.
IOC gained 5.20 per cent, BPCL advanced 3.04 per cent and HPCL looked up 7.66 per cent
ITC (-1.52%), Jindal Steel (-0.82%) Hero Honda (-0.18%), HUL (-0.17%) and Maruti Suzuki (-0.08%) were the major index losers.
Market breadth was positive on the BSE with 922 gainers and 384 declines.
European markets held on to morning gains led by banks and US stock futures indicated a positive start. At 5 pm IST, Dow Jones futures was up 0.19 per cent, Nasdaq edged 0.34 per cent higher and S&P 500 advanced 0.28 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

PERF: http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in