TRADING HOURS EXTENDED..........

Is Extending trading hours at BSE, NSE by opening at 9am instead of 9.55am a good move?
Two major stocks exchanges in the country, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have issued a statement announcing that they will implement the revision of their market opening time from 9.55am to 9am from January 4, 2010. The commencement of longer trading hours, originally scheduled to start from December 19, was delayed due to negative “market feedback”.
Currently, the two bourses trade for five hours and 35 minutes a day. The BSE and the NSE want an earlier start to lure derivatives traders in Hong Kong and Singapore on to their platforms. Developed markets like the Deutsche Boerse trade for eight-and-a-half hours, while the New York Stock Exchange trades for six-and-a-half hours.
Market watchdog Securities Exchange Board of India (Sebi) has advised the two bourses to discuss the timing issue amicably and come to a conclusion instead of taking hasty, ad hoc decisions after keeping concerned intermediaries out of the loop. Brokers and traders were given only a day’s notice about the longer trading hours.
Experts believe that starting at 9am without proper infrastructure puts the market at risk as the two exchanges function separately. They also say that longer trading hours will benefit day-traders more than genuine investors.
Is extending trading hours at the BSE and the NSE by opening at 9am instead of 9.55am good for the market? Will the longer trading hours translate into higher incomes for traders and investors?
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
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MARKET ENDED 18.12.2009 FRIDAY& HAPPY WEEKEND

TOP TRADED

SENSEX 16719.83 -174.42
NIFTY 4987.70 -54.05
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16

Weekly Closing:

Sensex: 16719.83 -399.20 (-2.39%)

Nifty : 4987.70 -129.70 (-2.60%)

Equities slipped sharply in the last one hour of trade Friday and closed below psychological support levels. Realty, banks and oil&gas Led the decline while healthcare and auto stocks ended marginally higherMarket opened on a subdued note in line with other Asian markets. Benchmarks moved in a narrow range but gave away support in the afternoon to slip sharply lower despite positive opening of European markets.

National Stock Exchange’s Nifty closed at 4987.70, down 54.05 points or 1.07 per cent from Thursday’s close. The index touched intra-day low of 4979.05 and high of 5043.40.

Bombay Stock Exchange’s Sensex ended at 16719.83, down 174.42 points or 1.03 per cent. The 30-share index hit a low of 16693.06 and high of 16899.19. We see 4920 as an important support for the Nifty and unless that is broken market will be range bound.

We are not bearish at the moment and may look at buying at lower levels. Stocks like RIL, ONGC, Deccan Chronicle, Praj Industries and Core Projects are looking good on the chartsThe BSE Midcap Index was down 0.66 per cent and BSE Small cap Index moved 0.38 per cent lower.

Amongst the sectoral indices, BSE Realty Index was down 2.06 per cent, BSE Oil gas Index slipped 1.74 per cent and BSE FMCG slipped 1.23 per cent. BSE Healthcare Index was up 1.32 per cent and BSE Auto Index moved 0.27 per cent higher. Unitech (-3.09%), GAIL (-2.87%), DLF (-2.78%), Reliance Industries (-2.77%) and Sterlite Industries (-2.66%) were amongst the Nifty losers.

Tata Motors (3.14%), HCL Tech (2.04%), Ranbaxy Laboratories (1.15%), TCS (0.99%) and Sun Pharma (0.88%) resisted the fall. Shares of DLF have been under pressure ever since the company decided to merge its commercial realty arm DLF Assets (DAL) with itself, a move aimed at repaying some of DAL’s debt. Given the current portfolio as well as future development portfolio of both the entities, we believe the ratio is marginally in favour of the promoters. We value Caraf at Rs 25.5 billion and DCCDL at Rs 51.2 billion (details in table 2 below). However, DLF shareholders will now get valuation upside from the REIT listing of DCCDL due to reduction in cap rate (we have assumed 10% cap rate for our valuation). Though we believe this is a step in the right direction, we believe the valuations of DLF are factoring in strong recovery in the real estate market. We maintain our NAV estimate of Rs 340. Maintain our reduce rating on the stock with target price of Rs 300.

Shares of Tata Motors were in limelight after the company’s global sales, including those for Jaguar and Land Rover, rose 62 per cent in November, on the back of improved demand and low sales base. Global sales of the two British premier brands, Jaguar and Land Rover, rose to 18,825 vehicles in November, up 30 percent from a year earlier. Market breadth was negative on the BSE with 1,650 declines and 1,180 advances.

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TIPS & MARKET VIEW FRIDAY 18.12.2009

SGX Nifty -9Nasdaq -27Dow -133Asia NegitiveNifty Future Bullish Above 5116 Bearish Below 4946 Res 5072-5116 Sup 4984-4946
BSE, NSE to start trading at 9am from Jan 4
INTRADAY CALLS FOR FRIDAY 18.12.2009
Buy Nilkamal Ltd at 184.80, TGT 191. SL 179
Buy Indoco Remedies Ltd at 335, TGT 346. SL 325
INVESTMENT CALL & DELIVERY CALLS
GOLD STONE AT 33.60TGT 35.90-36.20
LOKESH MACHINE 47.20 TGT 53-55 SL 41
STOCKS IN NEWS KRBL,BOB,TATAMOTORS,MAYTAS,OMAXE,DLF
MARKET OUTLOOK 18.12.2009
Nifty (5032) AS SEEN ‘technically the trend is now down and if we get any rallies then these rallies out to be sold until a strong support emerges’ the market took support like a dot on 5000 and closed in the green but technically the trend is still down and if we get any rallies then these rallies until 5100 can still be sold as 5100 is a strong resistance to deal with… analysis remains the same and we should expect a big day…
The crucial support on the downside for the Nifty is 4950 and resistance at 5100-5182
BSE Sensex: (16894) the crucial support on the Sensex on the downside is 16660 and resistance at 17050
Today Asia seems to have caught the flu. Be cautious.
As market continues to remain in sideways mode.
If CNX500 is above 4200 avoid being short or selling positions.
CMP – 5041. Short below 5030, with SL 5060.
Carry over short only if close is < 5020, for a SL of 5075. Remember SHORT carry over signal has not yet signalled.
There is high risk however as many indicators are deeply oversold. For markets closing greater than 5050, do not carry forward – SHORTS.
Astro view, December 18, 2009
Nifty will be particularly unpredictable on December 18, 21, 22, 23 and30. Don't take a position on Nifty on 23, 24, and 29 December, 2009.For January 2010, the following dates will be extremely volatile, andwill see extraordinary fluctuation in the market:1, 5, 7, 12, 13, 14, 15(Crucial day: stay away from the Pharma sector),18, 28, 29. From today the remaining days of December are simply weird. It isdifficult to predict. Market will be treacherous and volatile.Sun, Moon, Mercury, Rahu and Pluto are in fiery signs.In the Navamsa, exalted Sun along with debilitated Saturn can lead towrong decision by the central government.Fundamental, technical, chart, traders, everyone and everything will getconfused. So follow Nifty wherever it goes.Today is the day to freak out in the market. Don't waste your time inintra day.
WORLD MARKETS UPDATE
Asian MarketsAsian shares trading lower on Friday.Nikkei Stock Average 225 down 104.06 points at 10,059.74.Hang Seng Index down 266.73 points at 21,080.90.KOSPI Index down 0.58 pct at 1,638.36.Shanghai Composite Index down 1.95 pct at 3,117.15.US Markets US Markets ended lower on Thursday. Dow Jones industrial average down 133 points, down 1.27 percent, to 10,308. The Standard & Poor's 500 index down 13 points, down 1.18 percent, to 1,096. The tech-heavy NASDAQ composite index down 27 points, down 1.22 percent, to 2,180 .
European Stocks Ended LowerEuropean Markets ended lower on Thursday. Britain’s FTSE 100 index ended down 1.93 percent down 103 points to 5,218 ,Germany's DAX ended down 1.00 percent down 59 points to 5,844,France's CAC 40 ended down 1.16 percent at 3,831.CommoditiesCrude oil was up 41 cents to trade at $73.06 a barrel. Gold settle at $1,107 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

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MARKET ENDED 17.12.2009

NICELY PERFORM BOTH TODAY

SENSEX 16894.25 -18.52
NIFTY 5041.75 -0.30
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16

Equity benchmarks ended on subdued note in the negative territory Thursday, due to lack of triggers to direct the market. Realty, oil&gas and capital goods led the decline while pharma and IT stocks bucked the trend

The spotlight was more on the war between the BSE and NSE for volumes and the angry voices of brokers against implementing extended trade timingsfromFriday.

The National Stock Exchange’s Nifty ended flat at 5041.75, down 0.30 points or 0.01 per cent. The broader index hit a low of 5013.15 and high of 5064.20.

Bombay Stock Exchange’s Sensex ended marginally lower at 16894.25, down 18.52 points or 0.11 per cent. The index touched an intra-day low of 16826 and high of 16979.52. Market will remain range bound between 4930/4950 – 5150/5180 at least for the next two weeks. Traders should take stock specific approach and book profits as high as 4 per cent and try to enter at lower levels. The BSE Midcap Index was up 1.09 per cent and BSE Small cap Index moved 0.88 per cent higher. Amongst the sect oral indices, BSE Realty Index was down 1.11 per cent, BSE Oil gas slipped 0.59 per cent and BSE Capital Goods Index declined 0.31 per cent. BSE Healthcare Index was up 1.44 per cent and BSE IT Index gained 0.87 per cent. HCL Technologies (4.28%), Jaiprakash Associates (3.60%), Cipla (3.46%), Suzlon Energy (2.35%) and TCS (1.65%) were amongst the top Nifty gainers. HCL AXON, a division of HCL Technologies, has signed a five-year global IT services deal with pharma company GlaxoSmithKline. Under the agreement, HCL AXON will provide systems integration, SAP implementation and IT consulting services to GSK globally. Losers pack included DLF (-4.15%), Unitech (-2.55%), BPCL (-2.05%), SIEMENS (-1.65%) and L&T (-1.61%) were amongst the losers.

Market breadth was positive on the BSE with 1628 advances against 1173 declines. Meanwhile, the BSE and NSE postponed the implementation of new trade timings to January 4, 2010 from December 18, 2009, giving the broking fraternity some respite. On Friday, the bourses were to open for trade at 9:00 am instead of the usual 9:55 am and close at the usual time of 3:30 pm. In trying to wrest volumes away from NSE, on Wednesday the BSE announced advancement of trade timing by 10 minutes to 9:45 am. In reaction, NSE said it would start trade at 9:00 am. However, the decision met with strong opposition from the brokering fraternity. We welcome this move by the stock exchanges of postponing the implementation of extended trading hours for the market, considering the large scale apprehensions that have been associated with the same. While many large brokers are geared up for the additional trading hour, we believe that it is necessary that the whole market should be geared up for the same. The postponement will give the market participants, time to put the infrastructure in place and manage the extended trading hours with full planning&preparation. Elsewhere,

European markets were down following weakness in banking stocks and US stock futures also indicated a lower opening. At 5:15 pm IST, Dow Jones stock futures was down 0.53 per cent, S&P 500 moved 0.68 per cent lower and NASDAQ 100 declined 0.72 per cent.

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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

TIPS FOR 17.12.2009

GOOD MORNING & HAVE A NICE DAY

INTRADAY CALLS FOR THURSDAY:17.12.2009
Buy JPASSO above 223 SL 218 TGT 225-227-231
BUY TataMotors above 702 TGT 727, 738 SL 695
Buy Vijay Shanthi Builders Ltd at 42.80, TGT 44.20. SL 41.60Buy Godawari Power & Ispat Ltd at 170.40, TGT 177. SL 166
INVESTMENT CALL & DELIVERY CALLS
BUY STERLIN BIO 100 SL 98.50 TGT 101.50-102
SUZLON Buy Above 80 SL77 TGT88-92-105
INDIAN ADRS WIPRO GAINS 6.5%, TATAMOTORS, DRREDDY UP
Astro view, December 17, 2009
Nifty will be particularly unpredictable on December 18, 21, 22, 23 and30. Don't take a position on Nifty on 23, 24, and 29 December, 2009.For January 2010, the following dates will be extremely volatile, andwill see extraordinary fluctuation in the market:1, 5, 7, 12, 13, 14, 15(Crucial day: stay away from the Pharma sector),18, 28, 29. For the coming few days, Ganesha advises you to trade a day at a time.Whatever you buy, you are better of selling it the same day. Today, thepositioning of stars in the zodiac is likely to cause high scalevolatility at Nifty.11:20 to 12:40 Ganesha indicates a negative trend at Nifty. (-0.08)12:40 to 13:40 Ganesha indicates a positive trend at Nifty. (0.10)13:50 to 14:30 Don't do anything during this period. No matter how muchyou calculative or innovative you are, you won't be able to benefit fromit. (-0.01) 14:30 to 15:05 For the next 35 minutes, Nifty may show a sharp surge. But it's up to you to decide whether to take risk or not for such abrief period of time. (0.10) 15:05 to 15:30 It's OK if you don't make any money during this phase, your focus should be not to lose any. Best course of action is to stay away from the market. (0.02)
MARKET OUTLOOK 17.12.2009
Nifty (5042) we seen ‘technically the trend is now down and if we get any rallies then these rallies out to be sold until a strong support emerges’ the market took support like a dot on 500 and closed in the green but technically the trend is still down and if we get any rallies then these rallies until 5100 can still be sold as 5100 is a strong resistance to deal with…

The crucial support on the downside for the Nifty is 4950 and resistance at 5100-5182

BSE Sensex: (16913) the crucial support on the Sensex on the downside is 16660 and resistance at 17050
WORLD MARKETS UPDATE
Asian MarketsAsian shares trading mixed on Thursday.Nikkei Stock Average 225 up 44.05 points at 10,221.46.Hang Seng Index down 116.10 points at 21,495.64.KOSPI Index down 0.52 pct at 1,655.61.Shanghai Composite Index down 1.07 pct at 3,220.27.US Markets

US Markets ended flat on Wednesday. Dow Jones industrial average down 11 points, down 0.10 percent, to 10,441. The Standard & Poor's 500 index up 1 points,up 0.11 percent, to 1,109. The tech-heavy NASDAQ composite index up 6 points, up 0.27 percent, to 2,207.
European Stocks Ended HigherEuropean Markets ended higher on Wednesday. Britain’s FTSE 100 index ended up 0.65 percent up 34 points to 5,320 ,Germany's DAX ended up 1.58 percent up 92 points to 5,903,France's CAC 40 ended up 1.09 percent at 3,876.

CommoditiesCrude oil was down 15 cents to trade at $72.50 a barrel. Gold settle at $1,136 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

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