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• Vol. I • Issue : 15 • Date : 8-6-2008 to 14-6-2008 • Editor : Devlaxmi Joshi • Asso.Editor : Narendra Joshi • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
INVESTMENT
GUIDE
12
ANTARYAMI
TECHNICAL
VIEW
2
SUMIT BILGAIYAN
STOCK &
PLANET
8
RAJNIKANT
Bears try to hammer
Invest at every decline
Last week we have seen more
selling pressure and BSE Sensex
lost 5.14% in a week to end
15572.18 and Nifty also lose
243 points or 4.97% to 4627.80
Global equity market sentiment
remains week due to high crude
oil prices, so hare sentiment may
also subdued. Inflation rose to
8.24% in the 12
month to 24 May
2008 above the
previous week’s
annual rise of
8.1%
FII sold shares worth Rs.
1872.20 crore so far in the
month of June 2008 .They sold
shares worth Rs. 17241.70 crore
I calendar year 2008 till 4 June
2008.Domestic mutual funds
sold shares worth Rs. 144.20
crore in the current month till 4
THE BULL IS DEAD, LONG
LIVE THE BEAR. - 07/06/2008.
Bear teamed up with the Crude market crash.
and Inflation, finally were able
to defeat and kill the Bull. WHEN IS THE RIGHT TIME TO
Since 2003, we were in a BUY?
golden bull run, but I am sorry
to say, it is OVER. The Bull is One of the most common quesDead, Long Live the Bear. tions asked by investors is when
Changes in the basic dynam- to start buying. My answer is
ics of the economy, like the please don't even think of buycontinued high interest rate re- ing
gime, reduction in profitability, lower growth prospects,
high inflation, high
commodity -SHOBHA
prices and Email :
the crude
on the way [email protected]
to reach
SHAHENSHAH OF FINANCIAL JUNGLE
$150 per
barrel is finally taking its toll now for the short or medium
on the economy and which is term. Wait for the falling knife
being reflected in the stock
Continue on ...10
MARKET MAY CRASH ON
MONDAY: DON’T PANIC
Jun 2008.
Next week sensex may come up
to 14800 and Nifty may go down
up to 44.80 on the upper side
sensex has resistance at 1580016000
As parliament election sched-
uled
in coming
years and govt.
may take every measure
to tame inflation. There is possibility to hike in interest rate or
CRR in near future.
Continue on ...9
Last week was eventful for the
market. The Central Government raised prices of petrol,
diesel and cooking gas by
s h a r p
margins
and there
was stiff
resistance
to the rise
by most
political
parties.
More important, the prices of
oil in international market suddenly jumped by $ 11 on a
single day Friday after the Indian markets had closed.
Dow Jones fell by about three
and c half percent and of the
Indian market opens lower by
a similar margin, the sensex
may see fall of about 600
points.
Even if
that happens, the
sky is not
going to
fall for the
long term
investors.
It would
not be prudent to sell out in
panic, and once the dust of inflation and oil prices settles
down, the prices will start rising from bottom of around
K1000. It may take some time
but waiting will be quite fruitful.
IF NIFTY BREAK AT 4455
MARKET WILL COOL DOWN
Dear Friends,
We have seen three weeks in a
row closing indices in a red
and nifty corrected 1185 points
dutring last four weeks.last three
weeks are consecutive negative
weekly
close.
If we take Sensex close of 17600
We post weekly support Resistance for your benefit:
Email : [email protected]
Sensex : 15572
Weekly Support :
14500-13996
Weekly Resistance :
16128-16632
Nifty : 4627
Weekly Support :
4307-4164
Weekly Resistance : 4908-5280
While we are still not bullish
despite sizable correction has
taken place in lastfour weeks.
data reveals the fact that Sensex
and Nifty close of 5228 for the
week starting from 05-05-2008.
At the end of june -06-2008,
sensex has lost 185 points ,(
17600-15572) while Nifty has
lost 601 points, (5228-4627
=601 Points.)
If we go back at the end of 2007,
some global fund managers had
given their valuations for 2008
sensex being 19200-19400 in
between. And we feel this
is was the reasonable valuations for Indian stock
market considering one
year earning forward.But
later Global senario has
changed drsatically.
Indflation is roaring and
fiscal deficit is likely to
add fuesl into it. Global
crude price is touching new
heigh every month and still fear
is that will cross 150 USD $/BBl
in next two weeks.
I am sure some of the Global fund
Continue on ...10
8-6-2008 to 14-6-2008
2
Marvelous Reserch Conti. from ...3
Spice Jet (1.16 crore shares),
Chambal Fertilisers & Chemicals (1 crore shares), Gokul
Refoils (96.70 lakh shares) and
Ispat Industries (89.45 lakh
shares), in that order.
Indiabulls Real Estate jumped
4.70% to Rs 424.50 ahead of the
sale of shares in Indiabulls Properties Investment Trust in
Singapore, which ends today.
The stock struck in intra-day
high of Rs 475.80. The real estate investment trust aims to
raise S$388.3 million ($284 million) from selling 353 million
units in the trust in range of
Singapore $1 to Singapore
$1.10 a piece. So far, the issue
has been reportedly subscribed
1.8 times.
GMR Infrastructure slipped
2.44% to Rs 120. Its 100% subsidiary GMR Energy entered
into a power purchase agreement
with Karnataka Power Transmission Corporation for sale of
power for a period of 7 years.
Cairn India surged 7.75% to Rs
284.40 after the company said
it has received an exploration
license from the Sri Lankan government to explore oil and natural gas in the Mannar Basin. The
company made this announcement after trading hours on
Thursday, 5 June 2008.
GHCL plunged 10.94% to Rs
50.90 even as the company said
it has increased soda ash prices.
Most Asian markets, which
opened before Indian markets,
were trading higher today, 6
June 2008. Japan’s Nikkei (up
1.03% at 14,489.44), Hang Seng
(up 0.61% at 24,402.18),
Taiwan’s Taiwan Weighted (up
0.08% at 8,745.35), Singapore’s
Straits Times (up 0.26% at
3,151.94), advanced. However,
China’s Shanghai Composite
declined 0.56% at 3,332.77.
The European Central Bank said
yesterday, 5 June 2008, it would
keep key lending rates unchanged at 4%. The bank, however, anticipates inflation to be
more persistent than previously
anticipated. Also the Bank of
England kept its benchmark interest rate unchanged at 5% yesterday, 5 June 2008.
Meanwhile, market regulator
Securities and Exchange Board
of India (Sebi) yesterday, 5 June
2008, ruled out relaxing curbs
imposed last year on participatory notes (PNs), a derivative tool
that enables unregistered foreign
investors to invest in Indian
stock markets. In October 2007,
Sebi had imposed restrictions on
Foreign Institutional Investors
(FIIs) to issue PNs and asked FIIs
and their sub-accounts not to
issue fresh PNs against underlying derivatives and wind up
their existing position in 18
months
Futures Market DLF, RCom
June 2008 futures at discount
Turnover in F&O segment declines
Nifty June 2008 futures were at
4613.80, at a discount of 14
points as compared to spot closing of 4627.80.
The NSE’s futures & options
(F&O) segment turnover was Rs
42,888.38 crore, which was
lower than Rs 51,017.90 crore
on Thursday, 5 June 2008.
DLF June 2008 futures were at
discount at 517 compared to the
spot closing of 518.40.
Reliance
Communication
(RCom) June 2008 futures were
at discount at 545 compared to
the spot closing of 547.20.
Shree Renuka Sugars June 2008
futures were near spot price at
96.55 compared to the spot closing of 96.05.
MARKET AHED IN NEXT
W
E
E
K
YEH DIN HAI SATTA KHELNE
KE. PLAY SHORT EITHER IN
CASH OR FUTUR BUT WITH
PROPER LEVEL’S AND MINIMUM STOPLOSS LEVEL’S
Aise nahi ki buy at 500 SL 475
TARGET 525 YEH TO KOI BHI
ANPADH DETA HEAI .
MAGAR AISE BUY AT 100
SL 99 CSL 97 TARGET 110115. MEANS KAMAI JYADA
NUKSAN KAM. YEH TO MARVELLOUS KI THEARI HAI
WEEKNESS WILL CONTINUE
IN COMING DAY’S, UNTILL
NEW LOKSHABHA ELECTION THRER IS NO SCOP OF
ANY BIG BULL RUN. BUT
AFTER THAT WE SEE A NEW
“J” PETTERN TEJI IN OUR
MARKET. AND NEW BULL
RUN BIGGIN’S WITH SMALL
CAP AND MID CAP TEJI .SO
MANY SMALL CAP AND MID
CAP HAS TO MUTCH POTENTIAL TO GROW SUPER
DUPPER FAST
The market is likely to remain
subdued in the coming week, as
global equity market sentiments
remain weak due to high crude
oil prices. Back home, high inflation and a possible continuation of the high-interest rate environment may continue to
weigh on the market sentiment.
Hinting at a possible increase in
cash reserve ratio (CRR) or shortterm interest rates, Reserve Bank
of India (RBI) governor YV
Reddy on Thursday, 5 June
2008 said that the central bank
would take all measures to curb
inflationary expectations. The
RBI governor said the situation
Sumit bilgaiyan is technical &
fundamental analyst. He has vast experience in
the stock market last 6 years.He is regularly
writing article and daily columns in Leading
News papers in Gujarat. He also does PORTFOLIO ADVISORY SERVICES.
E-mail: [email protected]
Mobile-+91 09755261070
WEEKLY MARKET TREND Market trend for this week
In last whole week we see a negative trend in market on weekly
basis we again see a bad market
rise in fuel oil price and also increase in inflation give a very
bad effect for market on weekly
basis sensex down nearly 843
points and closes at 15572 and
on weekly basis nifty down
nearly 242 points and closes at
4627 in last week we also see a
heavy selling pressure come in
midcap and small cap index on
weekly basis BSE MIDCAP index lost nearly 410 points and
closes at 6350 and BSE SMALL
CAP index down nearly 436
points 7696 points Taking cues
of weak global Market a week
start on Monday we see a high
negative trend market open very
weak notes and at the end closes
with down nearly 352 points
and closes at 16063 on Tuesday
we see a volatile trend sensex
lost nearly 100 points and closes
at 15962 Wednesday we again
see a heavy downward trend and
at the end sensex close nearly
down with 447 points and closes
at 15514 on the basis of short
covering on Thursday we again
see a volatile but at the end
sensex gained nearly 254 points
and closes at 15769 on Friday
sensex down nearly 197 points
and closes at 15572 for coming
week market is again high volatile and again expected some
weak trend important support
for sensex is 15100 below this
level next target for sensex Is at
14800 and for coming week important resistance for sensex is
at 16050 above this level expected some small recovery in
market for coming week market
is again volatile.
Market is again volatile for this
week if sensex break the important support of 15100 then we
see again fall in market and for
this week important resistance
is at 16050 above this level we
expected again some recovery
for this week market is volatile.
was extraordinary in respect of
oil prices and that the basic approach of RBI was to carefully
manage liquidity conditions.
The next monetary policy review of RBI is on 29 July 2008.
SELL WITH STOP LOSS OF
15668 AND 15775 IF ABLE TO
CLOSE ABOVE 15780 THEN
A SMALL RALLY MAY BE
BUT CHANCES ARE RARE.
EVERY RISE IS EXCELLENT
OPPORTUNITY TO EXIT
FROM HIGH PRICE FRONT
LINE STOCK TECHNICALY
MARKET WILL TEST
10461.58 WITHIN 4 TO 6
QUARTER. NEAREST SUPPORT AT 15425.47, 14828.8,
12476.81 THEN 10461.58 . WE
BELIVE THAT MARKET
WILL TEST 10461.58 WITHIN
6 QUARTER.
ONE BY ONE BAD NEW’S IN
PIPELINE HEART MARKET
M
O
O
D
:
IN COMING WEEK ONE
SHOLD TRADE NEGETIVE
SELLER
WILL
EARN
RATHER THEN BUYER WITH
PROPER STOP LOSS.DO YOU
WANT TO TRADE WITH
PROPER LEVEL’S JOIN MARVELLOUS SMS CLUB
SCRIPT’S FOR WEEK:SENSEX:-(15572.18)
SENSEX PREPARE FOR TO
TEST
AND
BREACK
PRIVIOUS LAW OF 18 TH
MARCH 2008.
STAR OF THE WEEK
Maha elekto— In negative market on Friday stock close with
positive notes with huge volume
expansion also with big it has
has huge potentional to go upto
660 in coming week buy at current levels at 610 with a upper
target of 630 to 650 above this
level next target is at 660
stoploss 585 .Stock is also good
for short term investment.
For this sensex resistance is at
15620-15780-15940 above this
above this level next resistance
is at 16050 in down side sup- Shree ashtavinayak -Buy at curport is at 15410-15340-15200 rent levels at 460 with a upper
below this level next support is target of 480 to 490 above 490
at 15100 Market is again vola- Next target is 505 with a stoploss
tile for this week.
of 435
For this week nifty resistance is
at4650-4780-4810 above this Indsil electro-The stock is looklevel next level next resistance ing good for coming week there
is at 4850 in down side support is upside potentional till around
is at4585-4510-4480 below this at 98 and very little down side
level next support is at 4420 with a strong support 80 keep a
.market is again volatile for this tight stoploss of 81 and start
covering at 94
week.
STOCK FOR THIS WEEK
COMPANY
BUY AT
TARGET
STOPLOSS
Suzlon energy
Videocon ind
hind petro
Sel manufacturing
COMPANY
Icici bank fut
Tata power fut
Bharti fut
Gitanjli gem
Indsil electro
298
316 to 328
220 to 228
525 to 235
264
288
198
499
F & O STOCK FOR THIS WEEK
BUY AT
TARGET
STOPLOSS
suzlon fut
C O M PA N Y
280
306
212
516
281
SELL AT
765
1275
800
289 to 294
269
750 to 742
1240
790 to 765
784
1295
832
STOCK FOR SHORT TERM
BUYAT
TARGET
STOPLOSS
265
93
NIFTY:-(4627.80) NIFTY
ALSO BECOME BEARISH
AND NO SINE OF RECOVERY
THERE SHORT SELL WITH
STOP LOSS OF 4666 AND CSL
4736
NIFTY PREPAIR FOR 3142.11
325 to 350
110 to 120
250
70
WITHIN 4-6 QUARTER’S
SHORT TERM RESISTANCE
ARE 4692.4, 4699.94,4869.25,
4877.68 AND 4889.96, IF
ABLE TO CLOSE ABOVE 4890
IN NEXT WEEK THERE
MIGHT BE SMALL PUL BACK
R
A
L
L
Y
SUPPORT’S FOR NIFTY ARE
4576.87,4512.6,
4448.5,
3853.07,
3707.02,
3322.19,3142.11, OUT OF ALL
THIS 3853.07 WILL SUPPORT
GOOD FOR BEST OF ONE
PULL
BACK
RALLY.
TATA STEEL:- (823.20) BUY
IN PANIC AT 748/750 WSL
745 THIS LEVEL MAY NOT
COME , SPEEDY YOU CAN
WAIT FOR IT
R COM:- BUY ABOVE 555
CLOSING WITH TARGET OF
581 IF ABLE TO CLOSE
ABOVE 581 IT MAY TEST 650
Continue on ....10
8-6-2008 to 14-6-2008
3
THE WEEK END’S WITH SELLING SPREE
F.I.I. in SELL OF mood IN Second week ALSO
Foreign institutional investors (FIIs) sold
shares worth Rs 3,291.20 crore so far in
the month of June 2008. They sold shares
worth Rs 18,660.6 Crore in calendar
year 2008, till 6 June 2008. Domestic
funds sold shares worth Rs 144.20 crore
in the month of June 2008, till 4 June
2008
The market declined sharply as a hike in
fuel prices by about 10% announced by
the Union government on Wednesday, 4
June 2008, triggered possibility of a surge
in inflation to double digit level.
The BSE Sensex declined 843.39 points
or 5.14% to 15,572.18 in the week ended
6 June 2008. The S&P CNX Nifty fell
242.3 points or 4.97% to 4627.80 in the
week
The wholesale price index rose
8.24% in
the
12
months to
24
May
2 0 0 8 ,
above the
previous
week’s annual rise of
8.1%, government data released on 6 June 2008
showed. The reading was the highest
since 28 August 2004, when it stood at
8.74%. Inflation for the week ended 29
March 2008 was revised upwards to
7.75%
from
7.41%.
WORST WEEK WAS:The 30-share BSE Sensex plunged
352.39 points or 2.15% to 16,063.18 on
Monday, 2 June 2008. The broader based
S&P CNX Nifty declined 130.5 points or
2.68% to shut shop at 4,739.60.
The 30-share BSE Sensex settled 100.62
points or 0.63% lower at 15,962.56. The
broader based S&P CNX Nifty fell 23.70
points or 0.5% at 4,715.90.
The 30-share BSE Sensex tumbled
447.77 points or 2.81% at 15,514.79.
The broader based S&P CNX Nifty was
down 130.3 points or 2.76% at 4,585.60.
On 5 June 2008, The 30-share BSE
Sensex gained 254.93 points or 1.64%
at 15,769.72. The broader based S&P
CNX Nifty was up 91.35 points or 1.99%
to 4,676.95.
On 6 June 2008,The 30-share BSE Sensex
declined 197.54 points or 1.25% to settle
at 15,572.18. The broader based S&P
CNX Nifty was down 49.15 points or
1.05% to 4,627.80.
umbai-based large-cap natural gas and
oil exploration firm Cairn India rose
0.21% to Rs 286.25. The firm was
awarded a license by Sri Lanka to explore for oil & gas in the Mannar basin.
Spice jet surged 10.62% to Rs 35.95.
Anil Dhirubhai Ambani Group is reportedly in talks to acquire the Gurgaonbased small-cap low-fare carrier.
Foreign institutional investors (FIIs) sold
shares worth Rs 3291.20 crore so far in
the month of June 2008. They sold shares
worth Rs 18660.60 crore in calendar year
2008, till 5 June 2008. Domestic funds
sold shares worth Rs 144.20 crore in the
month of June 2008, till 4 June 2008
FRIDAY WEEK End-Session VERY
BAD DAY:Indian market underperforms global
peers on speculation RBI may hike CRR
The
key
benchmark
indices
underperformed their global peers today
amid rumors the Reserve Bank of India
(RBI) may announce a hike in cash reserve ratio (CRR) or interest rate later in
the day to tame runaway rise in
inflation. Volatility was high
throughout the day. Inflation
based on the wholesale price index (WPI) rose 8.24% in the year
through 24 May 2008, compared
to previous week’s rise of 8.10%.
The government also revised the
annual inflation rate for the year
through 29 March 2008 to 7.75%
as compared to 7.41% reported
earlier. This is the 15th consecutive week when inflation rate has
been above 5.5%, the RBI’s target for the fiscal year ending
March 2009.
Crude oil climbed close to $8 on FRIDAY,6 June 2008, to more than $131
per barrel as funds shifted back into oil
when the dollar fell against the euro following a signal from the European Central Bank that it may raise interest rates.
The crude contract climbed another 0.3%
in Asian trading today.
The 30-share BSE Sensex declined
197.54 points or 1.25% to settle at
15,572.18. The Sensex lost 243.22 points
at day’s low of 15,526.50 touched in late
trade. After opening 144.69 points higher
at 15,914.41, the Sensex advanced further to strike an intra-day high of
15,970.70 in early trades. At the day’s
high, Sensex gained 200.98 points.
The broader based S&P CNX Nifty was
down 49.15 points or 1.05% to 4,627.80.
Nifty June2008 futures were at 4613.80,
a discount of 14 points as compared to
spot
closing.
The Sensex has slumped 5634.59 points
or 26.57% from its all time high of
21,206.77, struck on 10 January 2008.
However, it is still 762.69 points or 5.15%
above its recent low of 14,809.49
touched on 17 March 2008.
The BSE Mid-cap index was down 0.78%
to 6,350.15 and the BSE Small-Cap index slipped 0.51% to 7,696.05. Both
these indices outperformed the Sensex.
The BSE Realty index (down 1.83% at
6,210.30), BSE Metal (down 1.27% to
15,515.39), BSE FMCG index (down
2.65% to 2,361.88), underperformed the
Sensex.the rest Among the 30-member
Sensex pack, 25 declined while advanced
India’s third largest software services
exporter Wipro lost 4.05% to Rs 507 on
2.86 lakh shares. It was the top loser from
Sensex pack.
Reliance Industries was the top traded
counter on BSE with turnover of Rs
386.07 crore followed by Reliance Capital (Rs 214.18 crore), Cairn India (Rs
208.51 crore), Gokul Refoils (Rs 196.95
crore), and Anu’s Labs (Rs 173.44 crore),
in that order.
IFCI topped the volumes chart clocking
volumes of 1.63 crore shares followed by
Spice Jet (1.16 crore shares), Chambal
Fertilisers & Chemicals (1 crore shares),
Gokul Refoils (96.70 lakh shares) and
Ispat Industries (89.45 lakh shares), in
that order.
Indiabulls Real Estate jumped 4.70% to
Rs 424.50 ahead of the sale of shares in
Indiabulls Properties Investment Trust in
Singapore, which ends today. The stock
struck in intra-day high of Rs 475.80. The
real estate investment trust aims to raise
S$388.3 million ($284 million) from selling 353 million units in the trust in range
of Singapore $1 to Singapore $1.10 a
piece. So far, the issue has been reportedly subscribed 1.8 times.
GMR Infrastructure slipped 2.44% to Rs
120. Its 100% subsidiary GMR Energy
entered into a power purchase agreement
with Karnataka Power Transmission Corporation for sale of power for a period of
7 years.
Cairn India surged 7.75% to Rs 284.40
after the company said it has received an
exploration license from the Sri Lankan
government to explore oil and natural
gas in the Mannar Basin. The company
made this announcement after trading
hours on Thursday, 5 June 2008.
GHCL plunged 10.94% to Rs 50.90 even
as the company said it has increased soda
ash prices.
Most Asian markets, which opened before Indian markets, were trading higher
today, 6 June 2008. Japan’s Nikkei (up
1.03% at 14,489.44), Hang Seng (up
0.61% at 24,402.18), Taiwan’s Taiwan
Weighted (up 0.08% at 8,745.35),
Singapore’s Straits Times (up 0.26% at
3,151.94), advanced. However, China’s
Shanghai Composite declined 0.56% at
3,332.77.
The European Central Bank said yesterday, 5 June 2008, it would keep key lending rates unchanged at 4%. The bank,
however, anticipates inflation to be more
persistent than previously anticipated.
Also the Bank of England kept its benchmark interest rate unchanged at 5% yesterday, 5 June 2008.
Meanwhile, market regulator Securities
and Exchange Board of India (Sebi) yesterday, 5 June 2008, ruled out relaxing
curbs imposed last year on participatory
notes (PNs), a derivative tool that enables
unregistered foreign investors to invest
in Indian stock markets. In October 2007,
Sebi had imposed restrictions on Foreign
Institutional Investors (FIIs) to issue PNs
and asked FIIs and their sub-accounts not
to issue fresh PNs against underlying derivatives and wind up their existing position in 18 months
Futures Market DLF, RCom June 2008
futures at discount Turnover in F&O seg-
ment declines
Nifty June 2008 futures were at 4613.80,
at a discount of 14 points as compared to
spot closing of 4627.80.
The NSE’s futures & options (F&O) segment turnover was Rs 42,888.38 crore,
which was lower than Rs 51,017.90 crore
on Thursday, 5 June 2008.
DLF June 2008 futures were at discount
at 517 compared to the spot closing of
518.40.
Reliance Communication (RCom) June
2008 futures were at discount at 545 compared to the spot closing of 547.20.
Shree Renuka Sugars June 2008 futures
were near spot price at 96.55 compared
to the spot closing of 96.05.
MARKET AHED IN NEXT WEEK
YEH DIN HAI SATTA KHELNE KE.
PLAY SHORT EITHER IN CASH OR
FUTUR BUT WITH PROPER LEVEL’S
AND MINIMUM STOPLOSS LEVEL’S
Aise nahi ki buy at 500 SL 475 TARGET
525 YEH TO KOI BHI ANPADH DETA
HEAI . MAGAR AISE BUY AT 100 SL
99 CSL 97 TARGET 110-115. MEANS
KAMAI JYADA NUKSAN KAM. YEH
TO MARVELLOUS KI THEARI HAI
The 30-share BSE Sensex declined
197.54 points or 1.25% to settle at
15,572.18. The Sensex lost 243.22 points
at day’s low of 15,526.50 touched in late
trade. After opening 144.69 points higher
at 15,914.41, the Sensex advanced further to strike an intra-day high of
15,970.70 in early trades. At the day’s
high, Sensex gained 200.98 points.
The broader based S&P CNX Nifty was
down 49.15 points or 1.05% to 4,627.80.
Nifty June2008 futures were at 4613.80,
a discount of 14 points as compared to
spot
closing.
The Sensex has slumped 5634.59 points
or 26.57% from its all time high of
21,206.77, struck on 10 January 2008.
However, it is still 762.69 points or 5.15%
above its recent low of 14,809.49
touched on 17 March 2008.
The BSE Mid-cap index was down 0.78%
to 6,350.15 and the BSE Small-Cap index slipped 0.51% to 7,696.05. Both
these indices outperformed the Sensex.
The BSE Realty index (down 1.83% at
6,210.30), BSE Metal (down 1.27% to
15,515.39), BSE FMCG index (down
2.65% to 2,361.88), underperformed the
Sensex.the rest Among the 30-member
Sensex pack, 25 declined while advanced
India’s third largest software services
exporter Wipro lost 4.05% to Rs 507 on
2.86 lakh shares. It was the top loser from
Sensex pack.
Reliance Industries was the top traded
counter on BSE with turnover of Rs
386.07 crore followed by Reliance Capital (Rs 214.18 crore), Cairn India (Rs
208.51 crore), Gokul Refoils (Rs 196.95
crore), and Anu’s Labs (Rs 173.44 crore),
in that order.
IFCI topped the volumes chart clocking
volumes of 1.63 crore shares followed by
Continue on ....2
8-6-2008 to 14-6-2008
4
RESISTANCE IS AT 16000 FOR BSE
SENSEX AND 4750 FOR NIFTY
Bse Sensex closed(15572.20)
and Nifty closed(4627.80) losing around 5% each during week
ended 6th June,2008.Hike in the
price of petrol by 5 Rs,diesel by
3 Rs. forced bull s to unwind
the positon.Inflation was 8.24
aginst 8.1 last week.Next support for sensex is seen at 15100
and 4480 for Nifty below
which free fall can be expected
and Sensex can march towards
14700 and Nifty towards
4275.Resistance is at 16000
for Bse Sensex and 4750 for
Nifty.
Nifty put call ratio was at
1.39.Highest open interest was
build up at 4500 strike price
for put option followed by
4700 call option.
Major open interest losers in
stock future were Chambal Fertilizer, Renuka Sugar, Reliance
Industries and Ifci. indicating
long square up.
FII continued selling in this
week also and pressed sales
worth 1800 Cr which is not a
good sign.
Trading idea for Future and Op-
tion Players.
1)NIFTY(4627.8)-Lot Size-50
shares.
Buy one lot of NIFTY PUT OPTION OF STRIKE PRICE 4600
@119.7
BULLET
Narendra Naynani
(M)9898162770
[email protected]
Maximum loss119.7*50=5985
Rs.
Maximum profit:-Unlimited.
Short term trading ideas
1)AZTECSOFT(71.15)Buy this
stock in decline and trade.
2)SUZLON(280)Buy in decline
for short term.
Trend indicator for major stocks
STOCK
TREND
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
RELIANCE.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
Bulllish
Bulllish
Bearish
Bearish
Bearish
Bearish
Bulllish
Neutral
Bearish
Bearish
NO OF
DAYS
2
2
1
3
10
1
2
1
4
1
Weekly Monthly
Trend
Trend
Falling
Rising
Rising
Rising
Falling
Falling
Falling
Rising
Falling
Falling
Falling
Falling
Falling
Rising
Falling
Falling
Falling
Rising
Falling
Rising
Useful Technical Figures for major stocks.
STOCK
Close
MFI-21
RSI-14 ADX-14
ICICIBANK.NS
769.4
42.16
35.14
16.86
INFOSYSTC.NS
1993.55 59.28
64.6
25.97
ITC.NS
213.45
50.26
46.54
17.92
MARUTI.NS
750
42.74
42.8
12.32
RELIANCE.NS
2238.5
17.2
29.84
22.47
SAIL.NS
153.55
39.03
35.01
24.51
SATYAMCOM.NS
510
54.63
57.64
14.33
SBIN.NS
1335.2
21.21
26.48
39.65
TATASTEEL.NS
824.15
51.31
46.23
17.17
TCS.NS
966.2
56.88
51.38
13.65
MFI=Money Flow Index
RSI=Relative strength index
ADX=Directional Movement Index
Penic & Profit
Conti. from ..5
Strong trend line support on
weekly and daily charts at
12095 below that level it has
strong support at 11732.
On the up side strong resistance
at 12489-12768.
NASDAQ-strong support at
2462 if slips further to 2425 and
gives weekly close below that
levels then all will attract to
short and more panic will be
seen.
Strong "iron" resistance at 2508
and 2580.
Nikkei-
strong resistance at
The markets has not fallen below 15 times earnings in past
corrections. However, we see
another 10% correction. The
Sensex can go down to 14,000.
Investors in India are sitting on
a lot of cash. Leveraged positions are also low. We see downside risk in India but the market
may not fall by 10%
the situation on the commodity
markets, where in the last couple
of days oil has moved back up
again to USD 130 per barrel.
Taking a three-months view, we
could see oil back down to USD
100 per barrel. But I do think
that is going to take time. Over
the next few weeks, we could see
churning at around current levels and that is not going to be a
positive for the market.
The second negative for the
markets is Central Bank either
raising interest rates or indicating that they are going to move
towards tightening policy. That
is clearly the case in India. Yesterday we had a very hawkish
statement from the European
Central Bank.
Interest Rate Futures over the
past month have moved quite
dramatically, so the Interest
Rate Futures are now discounting that the Federal Reserve will
raise rates by 75 basis points
over the next year. If one looks
at Europe, the major fear for Central Banks is the third risk factor, which is to what rate inflation rises due to high energy and
food prices. It remains to be seen
what are the exact steps that the
RBI adopts. In the near-term history, RBI has been more in
favour of quantitative restriction like CRR hikes than increase in the benchmark interest rates
The fourth risk factor is the current state of the global credit
crunch. Although, the credit
crunch has moved on from the
sub prime crisis, we are obviously still seeing pressure. In the
inter-bank market, the credit
spreads remain wide.
So, although I can put forward a
case that the Indian markets are
cheap relative to other markets
and particularly cheap to the
situation at the beginning of
this year, it could easily be 2-3
14568 if it gives three closes
above that level then will fire to
15000.
If it breaks and close below
14393 and 14148 then will
panic to 13612.
Hang sang-strong resistance at
25308 and strong support at
23305 and 23098.
Shanghai-gap support at 3248
weeks or possibly one month
before we see a base being
formed in the Indian market. In
the interim I am not sure if I
would be as negative saying that
the market goes down 10% but
certainly there is downside risk
in the short-term.
In the refining space, there is a
concern that gross refining margins could come down, maybe
not this year but next year, because there are large refining
capacities which are coming up
in China. That is one of the major concerns that is affecting the
stock.
Sell on Every rise LT, BHEL &
SIEMENS. Rally as well as Honeymoon both is over in Capital
Goods. LT will be avialabe ex
bonus prioce around Rs. 800. to
Rs. 850.00. Don’t beleive now
you will see the price.
Sell DLF as well as UNITECH &
Entire property stocks on pull
back rally.
Property story as well as Land
story over. You may see price of
Rs. 500.00 for Bomaby Dyeing
as Well as Rs.350.00 for Century.
Buy R POWER AROUND RS.
180.00 TO Rs. 185.00 for the
price of Rs. 350.00 on one year.
Market will give serve punishment
to
PROPERY,
CONSTRUCITON AS WELL
AS OIL Marketing Companies.
Capital Goods story is over.
Next bull run will be began in
the month of August or around
Diwali.Watch
our
IT
.Cables,Media as well as Pharma
wii become market leader.
Market talk
Pritish Nandy Communications
(PNC) is tapping the niche segment of viewers with a rollout
plan of 50 movies over five years.
The films will be made under the
Guerrilla Flicks brand. The series will be produced by
Arindam Mitra (producer of
Black Friday).
PNC believes the genre will attract young emerging audiences
and has the potential to travel
overseas.
The first eight films from the series will go on floors immediately. They will be directed by
Abhijit Chaudhuri, Nikhil Bhatt
(director and ad film maker),
Shiv Subramanium (scriptwriter
and playwriter), Somnath Sen
(filmmaker) and Arindam Mitra.
The project also includes first
time directors like Debalaya
Bhattacharya and Arjun Bagga.
The genres will vary from comedy and action to detective fiction and drama.
Recently, PNC had inked a five
and gap resistance at 3558 and
3984.
FREE STOCK IDEAS
After huge success and satisfied
over 3000 subscribers we are
launching new group -the message will be same except the
group name so now join our new
group to get all research report
on Indian and global market and
commodity and fore market
analysis and we have also
film deal with actor-director
Rajat Kapoor, three of which are
currently under production
stage. While Raat Gayi Baat
Gayi is being directed by
Saurabh Shukla, Saeed Mirza is
directing Ek Tho Chance. A
Rectangular Love Story is being directed by Rajat Kapoor.
All the three films will be released this year.
PNC had also entered into two
separate co-production deals
with DQ Entertainment (DQE)
and Sony Pictures.
While the deal between PNC
and DQE states that the two
companies will be co-developing and co-producing six movies within four years, the deal
with Sony Pictures is for three
films.
PNC also sign up 120 crore deal
with Percept Picture for making
4 movies in the 14 Months.
Don’t see the price when it will
rise buy for long term view.
launched the on line messenger
service to give live intra day
calls -add our id in messenger
and that is beneficial to brockers
also.
New subscriber type from mobile
JOIN TOPTRADES and send to
567673434.
Our id is [email protected]
8-6-2008 to 14-6-2008
5
WEEKLY REPORT CARD
[9th to 13th June 2008 ]
THE HEIGHT OF POSSIBILITY!
Sensex-11192.46 which was in august
2006
Nifty future-3896.90 which was in April
2007
Mcx gold-8739 which was on august
2007
Us dollar-43.44 which was on April 2007
Mcx crude oil3765 which was on
February 2008
(Don't panic on this,
this is just result of
analysis and it may
or may not possible)
Suggestions/query/
comment mails us
a
t
[email protected]
SENSEX TRIANGLE -2163 POINTS
AND NIFTY FU 616 POINTS TRIANGLE
ON
WEEKLY
CHARTS………… HOPE YOU HAVE
READ OUR LAST WEEK "ATTENTION" -nothing more then that.
SENSEX-in the last week report told if
index close below 16271-16100 then
will slide to 15298 and index made low
of 15314.
If we look the weekly charts of the index
we are seeing that index has actually broken huge triangle of 2163 points. And
we are seeing that index can slip to 13409
-before completing the triangle index has
two most support at 14455 and 14470.
While on the upward index has resistance
at 16100-16271-16804.
Momentum indicators suggest that index
is trading in oversold zone.
NIFTY FUTURE- on the last week report
told that if index close below 4835 then
will slip to 4621 and again send mobile
message that index will slide to 4550 and
index made intraday low of 4525.
If we look the weekly charts of the index
we are seeing that index has actually broken huge triangle of 616 points. And we
are seeing that index can slip to 4040before completing the triangle index has
two most support at 4373-4191.
While on the upward index has strong
resistance at 4700 and 4800-both are
trend line resistance .
TABLE OF IMORTANT LEVELS:
INDEX
SUPPORT RESISTANCE
Sensex
14470
16100
14455
16271
13409
16804
nifty fu
4373
4700
4191
4800
4040
STRATEGY - friends
we hope you have
read our last week
"alert" and Dow is
dancing on our tune once close below
12489 and play
hide n sick and
made up move and
on the second day it
dance on our word
and it slip 400
points.
We will give all
technical call on
mobile -its time to invest in our long term
fundamentals and technical calls.
WHAT TO BUY IN CORRECTION???
Fundamental pick for patient investorAshok Leyland
lok housing
Sail
electro steel castings
Mercator lines
feddors lyod
Mahindra life
parsvnath developers
Hotel leela
gayatri projects
Geometric soft
eih hotels
Jyoti limited
agrotech foods
Voith papers
orissa spong
Wheels India
tech mahindra
Assam co
TECHNICAL +FUNDAMENTAL=
Scrip name
Projected target
Mundra port
1085
Adani enter
1030
Gremch infra
411
Ranbaxy
600
Aurbindo pharma
700
Arvind mills
127
Raymond
510
J p associates
421
Videocon ind
550
Mah seamless
521
Kirlosker ele
329
Bgr
725
Gei ind
127
Abg shipyard
871
Aban off
4382
Vimta lab
185
Unity infra
916
Itd cementaion
621
Saregama
261
Rico auto
61
Unitech
474
Viceroy hotel
100
Heg ltd
455
Dlf
945
GLOBAL MARKET TREND:
Dow jones- told panic below 12489?
What happen? Just crashed 400 points.
Continue on ....4
INVESTOR CAN INVEST AT CURRENT PRICE
OF RS 70 IN FORTIS HEALTHCARE LIMITED
As expected, Inflation is pushing down stock market and this may continue for
some time until crude oil settles down.
This week we would like to recommend stock, which will have least effect due to
inflation. Investor can be assured of good return in short and long term.
Fortis Healthcare Ltd
BSE Code: 532843
CMP Rs 70.
Fortis Healthcare ltd was established
in 1996 by the promoters of Ranbaxy
Laboratories which is among the
world’s top 10 generic companies; also it
is India’s largest pharma company.
Fortis Healthcare comprises a network of
13 hospitals with a bed capacity of 1803
beds and 13 Heart Command Centres. Following the acquisition of the renowned
Escorts Healthcare System, Fortis
Healthcare operates one of the world’s largest Cardiac programmes.
The group’s Fortis Hospital at Noida, next-door to Delhi, is India’s foremost tertiary
care facility in Orthopaedics and Neuro Sciences. The group also performs cutting
edge surgeries in various specialties ranging from cosmetology, woman & child
health, ophthalmology, dental, ENT, urology, and minimal invasive surgery.
Fortis Healthcare has grown into India’s 2nd largest and internationally recognized
healthcare chain. Also after acquisition of the Escorts Healthcare system, the FortisEscorts Cardiac System today ranks among the largest cardiac networks in the
world.
Recently Fortis Healthcare ltd has taken over Malar Hospitals Limited, it was founded
by the late Dr S Ramamurthy in 1992, it is one of the largest corporate hospitals in
Chennai providing quality Super specialty and Multi specialty healthcare services.
With this take over Fortis Healthcare has now established a network of world-class
super specialty hospitals linked with a larger network of Multi Speciality Hospitals
to provide high quality healthcare to the people of India, in a hub and spoke model.
Fortis Healthcare is expanding very fast and will invest $450 million (Rs. 1800
crore) for a pan-Indian expansion, including setting up of a world class medicity in
Gurgaon
Fortis is also setting up 950-bed hospital in satellite city Gurgaon and about 40
hospitals with 7,000 beds across India by 2010. The medicity in Gurgaon will be
modeled along the lines of the U.S.-based Cleveland Clinic and Mayo Clinic.
In the next three years, Fortis plan to become a national player from a north Indiacentric player, with 13 hospitals at present across 7 states. For this purpose, they
plan to have 40 hospitals under the Fortis group across 14 states by 2010.
Rising prosperity and access to medical insurance among Indians have fueled demand for high-quality healthcare, India will be an International business hub in
healthcare business by 2015, this argue well for Fortis Healthcare future business
plans and growing opportunity. Although it’s current financial performance is not
so heathy but strong promoter backing and various expansion would add a fantastic future.
Investor can invest at current price of Rs 70 with long term perspective.
ing since stars does not support them .
Astromeneyguru
Conti. from ..8
expected in copper, Zinc during this
week
Bullion- Strong upward movement is
expected during first two days of the week
Profit
or
Loss
for
You
Red Alert for those investors who born
in March 1978, September 1979 and September 1981, need to be Alert in big trad-
www.astromoneyguru.com
Good Luck to You Lt Col Ajay
09414056705, 9887056704
Note – Please send copy of news paper
for our record at following address
Lt Col Ajay (Astromoneyguru)
Banarasi Dass Bhawan
Shop-344-345 Choura Rasta
Jaipur -302003 (India)
8-6-2008 to 14-6-2008
6
Last Week Clearly and
very boldly told to all,
that If index goes below
16229 and Nifty future
goes below 4790….then
be cautious….cause if it
goes below then it will
create blood bath………See then
what happened ?? Once both levels breaks then index had touched
15526 and nifty future had touched
4591 as low……See How is our
predictions……
FOR UPSIDE INDEX HAS TO CLOSE ABOVE 15971…..DOWNSIDE
MAY BE 15056,14974,14883……
FOR UPSIDE NIFTY FUT HAS TO CLOSE ABOVE 4734…..DOWNSIDE MAY BE 4560,4523,4476……
can Understand…. & just see our
performance
and
predictions…………
From Our Stock Future’s recommendations, IOC had touched 451
from 428, ABB had touched 1067
from 1024, Ranbaxy had touched
541 from 530, Infosys had touched
2040 from 1939, HCC had touched
128 from 119…………….Fantastic
return even in this kind of markets…………
We are here to give you all possible
profitable informationss….which
can give u healthy returns even in
volatile and negative markets
also…… …
Dear Investors, please take a note
that in positive market every one’s
informations and tips can
work…………..but in volatile and
negative market………….???? U
From Delivery based recommendations SEL MFG. had moved 527
from 462, Sterling had moved 324
from 294, Balaji tele had moved to
215 from 208……… This is for
your informations……
For investors those who have passion, every decline is the best opportunity to buy selected stocks in
phased wise manner, which will
give u handsome profits and returns
Closing Price
15572.18
Support
14974
Stoploss
14883
Target 1
15971
Target 2
16073
Target 3
16229
Nifty Future’s Prediction for Week (02.06.08 To 06.06.08)
Index
Nifty
Closing Price
4608.20
Support
4523
Stoploss
4476
Target 1 Target 2 Target 3
4734
4790
4824
Nifty Future’s Hot Scripts for Week (02.06.08 To 06.06.08)
Sr.
No.
1
2
3
4
5
Company
Name
Grasim
Suzlon
Sterlite
Ultratech
Mphasis
Closing
Price
2237.00
280.00
848.00
641.00
248.00
Stoploss
Target 1
Target 2 Target 3
2194
266
819
524
232
2253
287
863
565
259
2277
298
880
675
271
1) ACC (627.65 ) :- In this scrip near
term support at 618 and buy with the
stop loss of 613 on the upper side first
target is 633 then Rs. 639 - 644 to
650.
2292
307
896
688
284
term support at 429 and buy with the
stop loss of 424 on the upper side first
target is 439 then Rs. 443
- 448 to 453.
Sr.No.
1
2
3
4
5
3) SIEMENS ( 518.30 ) :- In this scrip
near term support at 512 and buy with
the stop loss of 504 on the upper side
first target is 523 then Rs. 529 - 535 to
544.
4) ABB ( 972.90 ) :- In this scrip near
term support at 966 and buy with the
stop loss of 958 on the upper side first
target is 978 then Rs. 983 - 990 to
996.
5) FCH ( 434.50 ) :- In this scrip near
Company Name
Cummins
Infosys
Corp.Bank
HCC
BEML
Closing Price
297.00
1989.00
308.00
125.00
1031.00
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Name
SEL MFG.
APTECH
ASCL
Zensar Tech
Surya Pharma
Hind.Copper
Stelco Strip
Deccan Aviation
R Power
PSTL
Aftek Info
Hotel Leela
MRPL
Hind.Oil
HOV Services
Bse
Code
532886
532475
532853
504067
532516
513599
513530
532747
532939
532791
530707
500186
500193
500186
532761
7) UTV .( 771.50 ) :- In this scrip near
term support at 766 and buy with the
Stoploss
286
1938
292
114
1007
Closing
Price
517.45
213.10
43.45
136.10
501.45
262.90
32.20
104.35
193.60
333.40
43.50
40.70
74.05
129.10
100.40
stop loss of 760 on the upper side first
target is 776 then Rs. 782 - 787 to
792.
9) STER IND ( 848.80 ) :- In this scrip
near term support at 847 and buy with
the stop loss of 840 on the upper side
first target is 862 then Rs. 868 - 875 to
884 .
6) GRASHIM ( 2262.80 ) :- In this scrip
near term support at 2255 and buy with
the stop loss of 2246 on the upper side
first target is 2268 then Rs. 2274 2281 to 2289.
For Upside Nifty Fut has to close
above 4734…..Downside May be
4560,4523,4476……
Target 1
304
2009
316
133
1047
Target 2
311
2038
328
145
1064
Target 3
323
2052
337
151
1079
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (02.06.08 To 06.06.08)
8) BOMDYING ( 7380.00 ) :- In this scrip
near term support at 732 and buy with
the stop loss of 723 on the upper side
first target is 743 then Rs. 748 - 754 to
759.
2) TELCO ( 540.05 ):- In this scrip near
term support at 534 and buy with the
stop loss of 527 on the upper side first
target is 544 then Rs. 549 - 554 to
560 .
For Upside Index has to close above
15971…..Downside May be
15056,14974,14883……
Weekly Trading’s Hot Scripts for Week (02.06.08 To 06.06.08)
BSE Index Prediction for Week (02.06.08 To 06.06.08)
Index
BSE
on 2-3 month’s view. Keep your
liquidity in your mind….
10) SOBHA DEV. ( 437.30) :- In this
scrip near term support at 434 and buy
with the stop loss of 429 on the upper
side first target is 441 then Rs. 446 452 to 456 .
11) NDTV ( 403.40 ) :- In this scrip near
term support at 400 and buy with the
stop loss of 395 on the upper side first
Target 1 Target 2 Target 3
532
227
49
148
111
293
35
113
204
344
50
48
80
143
108
549
243
61
162
125
318
40
125
215
358
58
54
90
154
115
562
258
68
170
132
329
44
134
227
367
64
60
95
165
121
target is 408 then Rs. 412
422.
- 417 to
12) JET ( 560.95 ) :- In this scrip near
term support at 554 and buy with the
stop loss of 547 on the upper side first
target is 564 then Rs. 568 - 573 to
577.
13) HDIL ( 629.05 ) :- In this scrip near
term support at 624 and buy with the
stop loss of 617 on the upper side first
target is 633 then Rs. 639 - 644 to 648.
14) DIVISLAB (1490.10) :- In this scrip
near term support at 1484 and buy with
the stop loss of 1478 on the upper side
first target is 1495 then Rs. 1501
1507 to 1512.
15) EDELWISE ( 645.50 ) :- In this scrip
near term support at 639 and buy with
the stop loss of 633 on the upper side
first target is 651 then Rs. 657 - 664 to
672.
8-6-2008 to 14-6-2008
7
Avon Weighing Systems Limited
Avon Weighing Systems Limited is engaged in the business of selling weighing systems in India. Avon is the
authorized dealer and one of the
distributors of A&D Company Ltd.
(A&D) and Tanita Corporation’s
(Tanita) weighing systems in India. A&D and Tanita are both
weighing scale manufacturers in
Japan.
A&D’s balances are particularly
Avon provide’s worldwide advice and solutions for accurate and reliable weighing. It has wide
range of products to support vario u s
kinds
of the
weighing requirements of clients. Currently, It has
AVON WEIGHING SYSTEMS LTD. manufacturing plant in Baddi (H.P.)
Issue Open: June 09, 2008 to June 12, 2008 where Avon manufactures the compact scales, platform scales,
Issue Type: 100% Book Built Issue (Initial
Public Offer IPO)
weighbridge & Tablet Calculation
Systems- Auto Feeders with SQC softIssue Size
: equity - 1,37,33,033
ware.
Issue Size: Rs. 13.73 crores
Post issue paidup capital:-9.84
Face value of the shar: Rs.10
Offer price : Rs. 10 fix rate
Minimum Investment : 500 Share in in mul
tiples of 500 share
Maximum Subscription : Rs. 1,00,000
Promotors :
Pankaj Saraiya, Rupal Saraiya
Registrar of the Issue : Datamatic Financial
Service
Lead Managers: Keynote Corporate Services
Ltd.
Listing : BSE - NSE
IPO Grading : From CARE Grade II
Objects of the issue :
·
Achieve the benefits of listing
on the Stock Exchanges.
Setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing
systems.
Setting-up furniture & fixtures at factory, corporate office & showrooms.
Check drown “AVON-Public Issue-(R)” For Setting-up computers and software
Retail Category
and SAP systems.
Contingency Provision.
Website: www.aws.co.m
To meet the working capital requirement.
used in industries where precision weighing is critical, such as gems and jewelry, Recommendation :
financial information Avon Weighing Systems Ltd’s financial information
Particulars For the year/period ended (Rs. in lacs)
31-Mar-07
31-Mar-06 31-Mar-05
Total Income 4017.45
2422.77
1171.22
Profit After 137.46
89.30
33.23
Tax (PAT)
pharmaceuticals and chemicals, research
and development laboratories and defense. Avon is procuring weighing systems directly from A&D and Tanita for
marketing it in India. Avon is also carrying assembly work as per client’s requirement after importing all the parts from
A&D and Tanita. The product range of
the Company caters to a range of industry, such as pharmaceuticals, chemicals,
gems and jewelry, healthcare and retail.
financial information Sejal Architectural Glass Ltd’s financial information
Particulars For the year/period ended (Rs. in lacs)
30-Sep-07 31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04 31-Mar-03
Total Income2911.53
3935.68
3072.16
2448.38
2001.69
1717.07
Profit After 248.43
278.22
222.87
262.46
169.04
20.10
Tax (PAT)
2,00,750 metric tonne per annum at
Bharuch in Gujarat. The commercial production would commence from March
2009. Setting up of this project would be
a step towards backward integration for
Indi. Investor’s arfe advised to invest
with limited funds in IPO and have to
prepare themself to take listing gain benefit.
First Winner Industries Limited
31-Mar-04
823.98
15.68
31-Mar-03
699.43
12.32
Engaged in destzibutorship of global
brands like A & D and Tanita, company
is now planning to manufacrture its own
weighing machines. It is still recognised
as Small Scale Industries which have to
face competition by unorganised
wendors. As company is offering its
shares at Rs. 10 only, investors can take
limited exposure and should be alert at
listing time.
Sejal Architectural Glass Limited
Sejal Architectural Glass Limited, flagship company of Sejal Group is the leader
in Indian Flat Glass Processing Industry
offering a wide range of glazing solutions
to the architectural industry, with stateof-the-art facility with latest European
Machines at Dadra. The Company has
processing facilities for insulating, toughened, laminated glasses, as well as for
decorative glass. It operates in three divisions: architectural and decorative division, proposed float glass division and
trading division.
Established a decade ago, Sejal Glass
House, a small trading house for flat glass,
and systems have enabled them to be- the company and would enable the comcome the first organization to acquire the pany to control its cost and enhance the
prestigious
quality of glass used
I
S
O SEJAL ARCHITECTURAL GLASS LTD. for the company’s
9001:2000
value-added products
certification Issue Open: June 09, 2008 to June 12, 2008 and brands like Kool
in glass and Issue Type: 100% Book Built Issue . (Initial Glass, Armor Glass,
mirror proFort Glass and Tone
Public Offer IPO)
cessing. Sejal
Glass.
: equity -91,94,155
has broad- Issue Size
Issue Size: Rs. 96.54 crores
Objects of the issue :
ened their Post issue paidup capital:-32..84
Achieve the benefits of
scope of busi- Face value of the shar: Rs.10
listing on the
ness with Offer price : Rs. 105-115
Minimum Investment : 60 Share in in mul
·Stock Exchanges.
complete artiples of 60 share
Setting up of new
c h i t e c t u r a l Maximum Subscription : Rs. 1,00,000
Amrut Gada, Mitesh K.Gada, manufacturing facility
s o l u t i o n s , Promotors :
Dhiraj S. Gada, Kanji V. Gada for the production of
both nation- Registrar of the Issue
: Intime spectrum retistry
float glass.
ally and inter- Lead Managers: Saffron Capital Advisors.
General Corporate PurIPO Grading : From Crisil Grade I
nationally.
poses.
The com- Check drown “Escrow Account - Sejal Public Meeting the Public IsIssue R” For Retail Category
pany now
sue Expenses.
proposes to Website: www.Sejalgalglass.com
Recommendation
set up a
Sejal Architectural
manufacturGlass is dependent on Infrastructure and
ing facility for the production of float Housing boom in India. It has to face
glass with an installed capacity of competition from saint gobain and Asahi
found incredible growth through commitment towards total customer satisfaction. In 1994, the group expanded its inhouse capabilities through-Sejal Glass
Craft Pvt. Ltd, one of the first glass processing units to employ advanced technology from Italy. In the present day,
Sejal Group is one of the top five, flatglass processors in India and is emerging
as one of the unrivalled leaders in the
industry. Apart from being a leading flatglass processor, Sejal Group also offers
an extensive range of products that caters to various segments and markets.
Their strict quality control procedures
Incorporated in 2003, First Winner In- ited (formerly Realgold Exports Private
dustries Limited was incorporated on Limited), which are engaged in the same
January 22, 2003 as FirstWinner Trad- business.
ing Company Private Limited. The name
of the Company has been changed to Objects of the issue :
First Winner Industries Private Limited,
Achieve the
and further to First
benefits of listWinner Industries
FIRST WINNER IND.LTD.
ing on the Stock
Limited. The ComIssue Open: June 09, 2008 to June 12, 2008 Exchanges.
pany operates in
Setting up of an
one segment: texIssue Type: 100% Book Built Issue (Initial
apparel manuPublic Offer IPO)
tile and textile prodfacturing facilucts. It has started its Issue Size
: equity -55,00,000
ity.
operations with the Issue Size: Rs. 66 crores
Setting up of
Post
issue
paidup
capital:-31.02
objective to supply
new weaving
the textile fabrics to Face value of the shar: Rs.10
Offer price : Rs. 120-130 fix rate
unit.
wholesalers and ap- Minimum Investment : 50 Share in in mul
Prepayment of
parel & garment
tiples of 50 share
Term Loan and
Maximum
Subscription
:
Rs.
1,00,000
manufacturers. The
:
Rinku Patadia, Anita Patadia Meeting
the
Company’s manu- Promotors
Registrar of the Issue : Intime spectrum Reg.
Public
Issue
Exfacturing facilities Lead Managers: Almondz Global Securities Ltd.
penses.
are located at Listing BSE - NSE
MIDC, Tarapur, Check drown “Escrow Account - First Winner
RecommendaDistrict Thane, Public Issue - R” For Retail Category
tion : Promotor
Maharashtra. The IPO Grading : From CARE Grade I
are inexperiunit has total inenced in the
Website: www.firstwinnerind.com
stalled capacity to
feild of ready
manufacture 108
made garments.
lakh meter grey fabThere is a very big competition from orrics per annum and commenced commerganized and un organized sectors who
cial production as of March 19, 2007.
are engaged in similar business. No JusThe Company has two subsidiaries; viz., tification of charging such a heigh preRamshyam Textile Industries Limited mium on the profitability of nere 5 crore
and First Winner Lifestyle Private Lim- per year. Investors can avoid investing
into it.
8-6-2008 to 14-6-2008
8
TIMING THE STOCK MARKET JUNE -2008
Inter-planetary relationships prevailing during the month of June2008 indicate that the market will remain in dual trend, but major
trend will be bear up to 24th June 2008.
Following are the important planetary positions: · During the month Sun and Mercury will transit in Taurus up to
14th June 2008.
· Sun and Venus will transit in Gemini from 14th June 2008 to 8th
July 2008.
· Mercury and Venus will transit in Taurus up to 13th June 2008.
· Mars and Saturn will transit in Leo from 21st June to 10th
August 2008.
· THERE WILL BE POSSIBILITY OF HEAVY DOWNFALL /
DOWNCIRCUIT ON 2, 3, 9, 10 OR 12TH JUNE. PLEASE BE
CAUSIOUS, THERE IS A POSSIBILITY THAT MARKET MAY,
ONCE AGAIN CLOSE FOR ONE DAY DUE TO SOME POLITICAL
DISTURBANCES.
Trends of Notable shares: Nameofthescrip
Action Construction
ApolloTyre
Arvind Mills
Uptrendperiod
11 to 13, 16 to 20, 23, 30.
(Strongfrom11.06.2008)
2, 4, 13, 18, 20, 23.
3 to 6, 11, 13, 16, 18, 23.
Bharati Airtel
Biocon
CairnIndia
4, 10, 11, 13, 18, 23, 26, 30.
2, 9 to 11, 20, 23, 30.
4 to 6, 11 to 13, 17, 18, 23, 27.
(Strong in July – 2008)
DCB
4 to 6, 9, 11, 18, 20, 23, 25 to 27.
GAIL
3,4,11,13,16 to 20,23, 24, 25, 30.
GTLInfra
2, 5, 6, 10, 11, 13, 18, 19, 20, 23.
GSPL
2 to 6, 10, 11, 16, 19, 25.
Hul
2, 4to6, 9, 11, 13, 16, 20, 23, 25.
HPCL
2, 4, 5, 11, 13, 18, 20, 24, 25.
ITC
2, 4to6, 9, 11, 13, 18, 20, 23, 25, 30.
JetAirways
4,5,6,9to13,18,19,23,25,26,27.
LICHousing
2,4,10, 11, 13, 16, 18, 20, 23, 25.
ONGC
2,3,4,11,16,17,18,20,23,24,25.
OrchidChemicals
4,6,9,11,12,13,18,20,23,25,27,30.
(Strongfrom09.06.2008)
ParswanathDevelopers 4,6,9,11,12,13,18,20,23,25,27,30.
SAIL
4,10,11,13,18,20,23,26.
INDEX/NSE/BSE
4,11,13,18,20,23,25.
Downtrendperiod
2 to 6, 9, 10, 24 to 27.
Recommendation
Buy
3, 5, 6, 9 to 12, 16, 17, 19, 24 to 27, 30.
2, 9, 10, 12, 17, 19, 20, 24 to 27, 30.
(Weakfrom7th June)
2, 3, 5, 6, 9, 12, 16, 17, 19, 20, 24, 25, 27.
3to6, 12, 13, 16to19, 24to27.
2 to 3, 9, 10, 16, 19, 20, 30.
Sell
Sell
2,3,10,12,13,16,17,19,24,30.
2, 5, 6, 9, 10, 12, 27, 28.
3, 4, 9, 12, 16, 17, 24to27, 30.
9, 12, 13, 17, 18, 20, 23, 24, 26, 27, 30.
3, 10, 12, 17, 18, 19, 24, 26, 27, 30.
3, 6, 9, 10, 12, 16, 17, 19, 23, 26, 27, 30.
3, 10, 12, 16, 18, 19, 24, 26, 27.
2, 3, 16, 17, 20, 24, 30.
3,5,6,9,12,17,19,24,26,27,30.
5,6,9,10,12,13,19,26,27,30.
2,3,5,10,16,17,19,24,26
Sell
Buy Strong
Sell
Buy
Hold / Buy
Sell
Buy
Buy Strong
Buy
Sell
Hold/Buy
2,3,5,10,16,17,19,24,26
2,3,5,6,9,12,16,17,19,24,25,27,30.
2,3,5,6,9,10,12,16,17,19,24,26,27,30
Sell
Buy
————
Sell
Sell
Hold/Buy
DAILY MOVEMENT OF SHARE MARKET IN JUNE-2008
DATE
02.06.2008
DAY
Monday
03.06.2008
Tuesday
04.06.2008
Wednesday
05.06.2008
06.06.2008
Thursday
Friday
09.06.2008
10.06.2008
Monday
Tuesday
11.06.2008
Wednesday
12.06.2008
Thursday
13.06.2008
Friday
16.06.2008
Monday
17.06.2008
Tuesday
18.06.2008
Wednesday
19.06.2008
Thursday
20.06.2008
Friday
23.06.2008
24.06.2008
Monday
Tuesday
25.06.2008
26.06.2008
27.06.2008
Wednesday
Thursday
Friday
30.06.2008
Monday
MARKTE TREND
Open with bear trend, rise from 11.53am to 14.13pm, decline from
14.13pm. Electric, Electronics, Banks, Paper, Telecommunication
and Information Technology will decline.
Open with Flat trend, rise from 13.41pm to 15.05pm, decline from
15.05pm. Chemical, Color, Housing, Auto, Banks and Machinery
will decline.
Open with bear trend, rise from 11.05am to 14.51pm, normal decline
from 14.51pm, but bull at close. All sectors will rise.
Open with bull trend, decline from 14.06pm. Dual impact on all sectors.
Open with bull trend, decline from 12.03pm to 13.47pm, rise from
13.47pm to 15.03pm, decline from 15.03pm. Banks, Paper, Stationery,
Finance will decline.
Bear Day. All sectors will decline. Sell on each Jump.
Open with bear trend, normal rise from12.30 pm to 13.30pm, flat from
13.30pm to 15.21pm, decline from 15.21pm. All sectors will decline. Sell on
each jump.
Open with bear trend, rise from 10.18am. Banks, Paper, Jwellary,
Hotel, Motel, Information Technology, Diamond and Cinema will rise.
Open with bull trend, decline from 13.09pm. Information Technology,
Telecommunication, Auto, Hotel-Motel will decline.
Open with bull trend, decline from 10.55am to 11.37am, rise from
11.37am. All sectors will rise.
Open with bull trend, decline from 14.04pm. Glass, Leather, Rubber,
Tyre will decline.
Open with bear trend, normal rise from 12.22pm. Dual impact on all
sectors.
Bull Day. Information Technology, Telecommunication, Chemical,
Color, Housing, Machinery, Iron will rise.
Open with bull trend, decline from 11.21am. Banks, Paper, Publica
tion, Telecommunication and Aviation will decline.
Open with normal bull trend, good rise from 13.59pm. Auto, Iron,
Machinery, Banks, Paper and Publication will rise.
Bull Day. All sectors will rise.
Open with bull trend, decline from 14.48pm. Hotel-Motel, Diamond,
Jwellary, Cinema, Television and Entertainment will decline.
Open with bull trend, decline from 15.26pm. All sectors will rise.
Bear Day. All sectors will decline.
Open with bear trend, rise from 11.10am to 14.44pm, decline from 14.44pm.
Dual impact on all sectors.
Bear Day. All sectors will decline. Sell on each jump.
Test of trading skill in Stock
According to Lt Col Ajay CEO
Astromoneyguru as per financial
numerology 23 rd week of
year 2008 represents” Mercury”. As per Financial
astrology Mercury is very famous to bring volatility in world
future market. During this week
Sun with Mercury and
Venus, Jupiter in his own sign,
Mars
with
K e t u i n
“KARAK”
Rashi. Saturn
with Moon. As
per our expectations
heavy
down ward corrections in crude
oil was seen in world
future market. But on Friday after testing our support levels
crude oil has seen vertical rise
also due to geo-political tensions in Middle East. World
stock market levels were also
gone correct .Indian stock market has seen vertical fall beyond
expectations. As expected last
two days of previous week vertical fall were observed in Indian
to geo political tensions. Crude
oil and bullion prices are sky
high, negative impact would be
seen in all major world economy
including USA, Europe and
Asia. Small domestic investors
are advise not enter in stock
market for time being. It is time
to save your investment rather
then trading. On Friday sudden
rise in crude oil may cause of
worry for IndiaChina, Japan,
Korea and USA. Therefore you
need to keep eyes on crude oil
price and Middle East latest development. With the view of
Astrology current week is very
crucial for world Remember in
my previous news letter with
same web site an early warning
was given to all investors about
Nifty Level
Nifty support levels: (1) 4666 (2) 4744 (3) 4810
Nifty Resistance levels (1) 4588 (2) 4533 (3) 4388
Investors may trade in Nifty according to these levels
stock market.
Stock Market- As per Astro-technical calculations this week is
expected to open with weak
World stock market
Dow
NASDAQ
Shanghai
Hang Seng
Nikkei(14012)
Lull before storm in stock market. Hopefully storm is just at
door .I will be happy if I go
wrong and save of investment
of traders
Resistance Levels
12333,12410,12500
2550,2633,2710
3410, 3555,3610
24550,24710,24888
14510, 14610,14710
note in Indian stock market. One
more black Monday is expected
at opening of the week it would
create panic among investors financial astrology says that
whole week is expected to show
mix result. Stars do not permit
one side movement of bulls or
bears. Therefore traders are advice to keep booking both side
timely profits. Big traders who
are trading in future and options
are advice hedge their positions
for taking both side profit. No
big Investment buying is suggested this week. Traders may
keep eyes on metal, oil and gas,
telecommunications for day
trading Cairn India, Hindusthan
const, India foil etc. Remember
Nifty 4500 and Dow 12000 levels are very important levels if it
is broken and remain more then
2 trading hours then blood bath
in stock market is expected due
Support levels
12100,12000,11888
2410, 2377, 2280
3300, 3244, 3163
24350, 24200, 24000
14200, 14111, 14000
Geo-Political tensions- As per
astrology tension Between Iran
and Israel will be start neutralize from 11th June on ward , Hope
fully this may give some relief
to Crude oil and bullion traders
and world biggest economy
USA,JAPAN,INDAI and CHINA
This episode is expected to be
over by third or forth week of
June 2008
C o m m o d i t i e s
Crude Oil: As per stars crude oil
is
expected
to
show
volatility trend this week.
Crude oil resistance levels US$
142 to US$143 per barrel and
support levels USD 138 or 132
per barrel in world future market. Upward movement is expected during week
Metal- Upward movement are
Continue on ....5
8-6-2008 to 14-6-2008
9
GOOD
LONGTERM
BET
All about Oil Hike
Finally on 4th June 2008 government
announced a bail out package for the
bleeding Oil Marketing Companies
(OMCs - IOC, BPCL and HPCL).
The package was an all round effort to
help the OMC's by means of traditional
oil bonds, upstream sharing ratio, price
hikes and more importantly reducing
the duty structure.
The gross under-recoveries for FY2009
have been envisaged at about
Rs245,000 cr considering an oil price
of about US $125/ bbl. To reduce this
burden on the OMCs, the government
lowered the Customs Duty and Excise
Duty on crude oil and petroleum products. The total benefit of Customs Duty
reduction to the sector is expected at
Rs16,000cr while the benefit of Excise
Duty reduction is expected at Rs6,660cr,
with a cumulative benefit of Rs22,660cr
for the sector per se (for the remaining
10 months of FY2009).
Keeping in mind the elections scheduled mind yext year, inspite of huge
under-recoveries on the OMC's the gov-
absorbed by the OMCs were over
Rs16,000cr, about 20% of the total under-recoveries. According to the revised
mechanism, the OMCs are expected to
absorb only Rs20,000cr (around 8 ~ 8.25
% of the net under-recoveries). This is
positive for OMC's.
The government has also announced
Rs94,600cr worth of oil bonds for the
OMCs for FY2009 which is much much
more as compared to about Rs36,000cr
shared during FY2008. The oil bonds
will be disbursed after reviewing the
market situation of crude oil and fuel
prices.
According to the revised under-recovery
sharing mechanism, the burden on upstream and downstream companies remains low. The government has remained
mum on the difference amount after considering all the different factors like price
hike, duty re-jig etc. The government has
however indicated that this amount will
be disbursed to the OMCs (probably
through oil bonds) after reviewing the
market situation from time to time. The
quantum of this differential amount is
high at Rs43,390cr, the disbursement of
which remains uncertain. We believe this
ASIAN ELECTRONICS
Asian electronic was incorporated in
1963, earlier company was in the manufacturing of components like resistor and
Capacitor. Till 1980 Asian electronic was
a small player with poor track record and
accumulated losses and Labour losses.
At present Asian electronic Limited
(AEL) is involved in design, manufacturing and marketing of energy efficient
products and specializing in lighting
solution. AEL has two segment (A)
Manufacturing and operating lease of
energy Products division and (B) Lighting division.
Under the Energy efficient Products it
has (A)(1) Energy saving companies
(ESCO) (A)(2) Sales and Maintenance
contract. Lighting constitute of (1)
ESCO and Retrofit (2) Conventional fitting products.
AEL has it.s manufacturing facility at
Nasik (Maharashtra), Silvasa and
Chennai, with world class facility and
able to meet international standard.
Across globe it is known for it.s product
and services. AEL is offering elegant, efficient and high quality Luminaries for
use with T8/T5 FTLs, CFLs, MV, SV,
HID, lamp for all possible application in
the domestic, corporate, Industrial,
Down Lighting, Floodlighting, Landscaping segment and for special purpose
like in the pharmaceutical Industry.
AEL's nationwide presence and strategic international partnerships is making
its mark in the Lighting world. AEL has
recently added new high growth business segment i.e. manufacturing equipment for converting waste plastic into
BSE Code : 503940
Current Price : Rs. 114.35
Equity : 14.94 Crore
hydrocarbon and in turn producing
power from it.
AEL's unique technology to convert
waste
plastic
into
energy
(plastic2power) has a capability to address the global issue of waste plastic
handling.
AEL has huge order book of around
Rs4400 crore, to be executed over two
years. A bulk of these order are of ESCO
from the various state electricity Board
(SEB) and power Utilities.
Sales and NP for year ended were 366.6
Cr & 66.6 Cr. Sales and NP for latest
Quarter 44.4 Cr & 4 Cr.
Due to poor results in one quarter, and
due to extremely weak market sentiments, this scrip has nearly collapsed.
One can buy this scrip from long term
point of view for good appreciation.
MARKET SUMMERY
Conti. from ...1
Further last week govt has hike the rate
of petrol ad diesel Rs. 5/- and 2/-respectively to relief for refinery companies.
At present bears are on commanding position and they try to more hammering
in the market but don’t try t short because at any point market may bounce
back as monsoon has begins and govt.
is very optimistic about India growth
story and assure 8% growth in current
year.
Taking all these factors try to enter lower
level and invest at every decline.
WEEKLY COMMODITIES WATCH
SOYA BEEN MCX JUN
ernment took a soft stance in increasing
the retail fuel and domestic LPG prices.
Price of petrol was increased buy Rs. 5
per liter, price of diesel was increased
by Rs. 3 per liter and LPG prices increased by Rs. 50 per cylinder. This price
increase in the retail fuel and domestic
LPG will result in an additional cash
flow of Rs21,010cr for the OMCs.
The share of subsidies offered by the upstream companies (ONGC, and GAIL)
to the OMCs during FY2009 has now
been capped at Rs45,000cr (22% of the
net under-recoveries) against the 33%
share during FY2008 which amounted
to Rs26,000cr. This is very positive for
upstream companies like ONGC and
GAIL.
During FY2008, the under-recoveries
is based on the premise that the oil prices
will recede and hence the quantum of this
amount will go down. If this differential
amount is disbursed through oil bonds,
it will be a positive for the OMCs as well
the upstream companies, but if it has to
be shared by these companies later (totally or partially), it will affect their performance. The current bail out package
has been arrived at with the assumption
of oil prices remaining at about US $125/
bbl level. Any upward movement in global crude oil prices (which is expected to
reach US$150/ bbl) will again call for a
revised package.
We feel ONGC is the safest bet in current
scenario, one can buy from medium term
point of view for a price target of 1075 1100.
From many days we see a volatile trend
in soya been and expected this type of
trend continue in coming days on technical charts soya been goes in upzone
for weekly basis buy is best stratigy
making in soya been buy at current
level 2485 it has very serious support
is at 2420 if it break this level then we
see free fall in soya been and in upside resistance is at 2545 for weekly
basis take a target of 2540 with a
stoploss 2428.
24485 it has major resistance is at 24800
and in down side support is at 24390
below this level another support is at
24320 if it break then we some fall in
silver but for weekly basis buy at current
levels lower levels at 24485 and take a
TURMERIC JUN NCEDX
For many days we see a regularly high
volatile trend see in charts positive
candle form strong sentiments buy at current levels and also hold your long position in turmeric with a upper target 4150
and above this next target is at 4180 for
weekly basis take a stoploss 4040
SILVER NCDEX JUL
BUY at lower levels considering at
target of 24800 with a stoploss 24420
FURNANCE OIL NCDEX JUN
For coming week expected some bullish
trend in furnance oil it has little down
side support at 27250 and upside resistance is at 28100 take a target of 28000
with a stoploss of 27280
8-6-2008 to 14-6-2008
10
Lion’s Roar Conti. from ...1
to stabilize. It makes no sense to buy low,
later panic when the prices further reduce, and finally sell at still lower rates
because of fear. Let the base be formed
first, then we can think of buying. SO
INVESTORS PLEASE WAIT.
ish Engulfing candle formed in Jan 2008
started the correction and like the Sensex,
Nifty too has formed a Dark Cloud Cover
SENSEX
Sensex monthly MACD has given a Sell
Signal in March 2008 for the first time
since Nov 2002. The Sensex has formed
a Bearish Engulfing Pattern on the
monthly charts in January 2008 and
this started the beginning of the end
of the Bull Market. Sensex has
formed a Dark Cloud cover pattern
in the month of May and this confirmed the end of the bull market as
we are ready to dive off the cliff,
without any parachute. This is the
end of the long term uptrend.
If we look at the entire Bull market
rise from 2904 to 21206, then the
minimum correction level is 14215 and
it may extend up to 12055 and 9896.
This is the beginning of the fifth and final wave of the corrective phase, which
will break the previous bottom of 14677
and will lead the Sensex into despair and
gloom. The angels of gloom and doom
in the month of May. This will only give
momentum to the fall on the downside.
The entire bull run from 920 to 6357 is
under correction and the correction levels will take the Nifty to atleast 4280 and
on the lower side may get extended upto
3630-2997. Nifty may test 4496-44484280 in the coming week.
NIFTY
Nifty monthly MACD also has given a
Sell signal as we head lower. The Bear-
H.O.E.C.:- BUY AT 121 WITH SL OF
115 TARGETS 165 ABOVE
D.C.B.:-PANIC MA 43 NA BHAVE
DABI NE BESI JAVAI (Buy @ 43 in
panic and keep it for long term)
WEEKNESS WILL CONTINUE IN
COMING DAY’S, UNTILL NEW
LOKSHABHA ELECTION THRER IS
NO SCOP OF ANY BIG BULL RUN. BUT
AFTER THAT WE SEE A NEW “J”
PETTERN TEJI IN OUR MARKET. AND
NEW BULL RUN BIGGIN’S WITH
SMALL CAP AND MID CAP TEJI .SO
MANY SMALL CAP AND MID CAP
HAS TO MUTCH POTENTIAL TO
GROW SUPER DUPPER FAST
The market is likely to remain subdued
in the coming week, as global equity
market sentiments remain weak due to
high crude oil prices. Back home, high
inflation and a possible continuation of
the high-interest rate environment may
continue to weigh on the market sentiment.
DLF 518. SELL with the stoploss of 541
for target of 490-460.
It has formed bearish three black crows
formation and has closed below its previous intermittent low.
EDUCOMP 3501. SELL with stoploss
3586 for target of 3280-3120.
EDUCOMP has closed below its 200
DMA and the indicators are giving a sell
signal.
ATTENTION
will rule supreme. Chances are the Sensex
may test levels, which were unthinkable
sometime ago. Sensex may well test the
levels of 14677-14215-13779 in the
coming week.
CASH STOCK’S FOR SHORT TERM TO
MIDIUM TERM AND LONG TERM
INVESTOR’S
MCLEOD RUSSEL:- STRONG BUY AT
75.75 WITH STOP LOSS OF 71 CSL 66
TARGET 94.00 TO 130 OR 160 , LONG
TERM TARGET 360 THEN AFTER
NEW ZONE IT’S UPWORD MOVEMENT STOCK
SHOULD THE TRADERS TRADE
OR STAY AWAY?
I feel that as a trader, making money is
more a game of probability than anything else. The smarter trader will have
more tools available to himself which
benefits him in making profitable trades
more often than not. But still trading continues to remain a game of probability,
only difference is your chances of success is higher. In the present scenario, I
would like to clarify that the trend is
clearly down and there is no doubting that. If one wants to earn
money, then one simply has to
trade in accordance with the trend.
i.e. short first and then buy and earn
handsome profits. The probability
of success is increased and hence
EVERY TRADER SHOULD
TRADE IN SUCH MARKET BUT
WITH NEGATIVE BIAS, of course
with adequate precautions like
stoplosses.
Marvelous Reserch Conti. from ....6
The material contained in the
Economic Revolution is based on
Fundamental and Technical analysis & other scientific methods and
also the knowledge and belief of author. Error can not to be rulled out.
The information given is of advisory
nature only. The Editor, the Publisher and the Author does not take
any consequences arising out of it.
All rights reserved. Reproducing to
whole or in part of any matter including featurs without permision is
not permitted. Letgal jurisdiction is
Ahmedabad only.
The material given in the Economic Revolution is the views of
author only, it not means that Editor
is agree with it, so Editor, the Publisher and the printer is not
resposible for the contains in writers article.
Devlaxmi Joshi
Editor,
The Economic Revolution.
Hinting at a possible increase in cash reserve ratio (CRR) or short-term interest
rates, Reserve Bank of India (RBI) governor YV Reddy on Thursday, 5 June
2008 said that the central bank would
take all measures to curb inflationary
expectations. The RBI governor said the
situation was extraordinary in respect of
oil prices and that the basic approach of
RBI was to carefully manage liquidity
conditions. The next monetary policy
review of RBI is on 29 July 2008.
ONE BY ONE BAD NEW’S IN PIPELINE
HEART
MARKET
MOOD:IN COMING WEEK ONE SHOLD
TRADE NEGETIVE SELLER WILL
EARN RATHER THEN BUYER WITH
PROPER STOP LOSS.DO YOU WANT
TO TRADE WITH PROPER LEVEL’S
JOIN MARVELLOUS SMS CLUB
SCRIPT’S
FOR
WEEK:SENSEX:-(15572.18)
SENSEX PREPARE FOR TO TEST AND
BREACK PRIVIOUS LAW OF 18TH
MARCH
2008.
SELL WITH STOP LOSS OF 15668 AND
15775 IF ABLE TO CLOSE ABOVE
15780 THEN A SMALL RALLY MAY
BE BUT CHANCES ARE RARE. EVERY
RISE IS EXCELLENT OPPORTUNITY
TO EXIT FROM HIGH PRICE FRONT
LINE STOCK TECHNICALY MARKET
WILL TEST 10461.58 WITHIN 4 TO 6
QUARTER. NEAREST SUPPORT AT
15425.47, 14828.8, 12476.81 THEN
10461.58 . WE BELIVE THAT MARKET
WILL TEST 10461.58 WITHIN 6 QUARTER.
NIFTY:-(4627.80)
NIFTY ALSO BECOME BEARISH AND
NO SINE OF RECOVERY THERE
SHORT SELL WITH STOP LOSS OF
4666 AND CSL 4736 NIFTY PREPAIR
FOR 3142.11 WITHIN 4-6 QUARTER’S
SHORT TERM RESISTANCE ARE
4692.4, 4699.94, 4869.25, 4877.68 AND
4889.96, IF ABLE TO CLOSE ABOVE
4890 IN NEXT WEEK THERE MIGHT
BE SMALL PUL BACK RALLY
SUPPORT’S FOR NIFTY ARE
4576.87, 4512.6, 4448.5, 3853.07,
3707.02, 3322.19,3142.11, OUT OF
ALL THIS 3853.07 WILL SUPPORT
GOOD FOR BEST OF ONE PULL BACK
RALLY.
TATA
STEEL:(823.20)
BUY IN PANIC AT 748/750 WSL 745
THIS LEVEL MAY NOT COME ,
SPEEDY YOU CAN WAIT FOR IT
R COM:- BUY ABOVE 555 CLOSING
WITH TARGET OF 581 IF ABLE TO
CLOSE ABOVE 581 IT MAY TEST 650
CASH STOCK’S FOR SHORT TERM TO
MIDIUM TERM AND LONG TERM
INVESTOR’S
MCLEOD RUSSEL:- STRONG BUY AT
75.75 WITH STOP LOSS OF 71 CSL 66
TARGET 94.00 TO 130 OR 160 , LONG
TERM TARGET 360 THEN AFTER
NEW ZONE IT’S UPWORD MOVEMENT STOCK .
H.O.E.C.:- BUY AT 121 WITH SL OF 115
TARGETS
165
ABOVE
D.C.B.:-PANIC MA 43 NA BHAVE
DABI NE BESI JAVAI (Buy @ 43 in
panic and keep it for long term)
Kotak Bazar Conti. from ...1
manager will change ratings for India
based on current GDP growth and challenges ahead of slow down. It may create
panic in the market leading further down
side.
We are seeing continuous outflow of
funds from FIIS not only from India but
entire resigm of emerging Asian markets.
Most of the funds flowing out of India,
China and some of the Asian Tigers is
seen to be diverted to Commoduty producing regions like Brazil and Russia.
Hoaring Inflation, weak IIp data, Crude
oil prices scaling high every week,
Likely CRR rate hike or say RBI turning
from Quantitative measures to Qualitative measures more agressively to tame
the inflation, Possible tightening of
credit policy, weak US economy, and lot
more other factors WARN US NOT BE
MUCH OPTIMISTIC IN NEAR FUTURE.
While Our Market is trading One year
eaar P/E multiple of 15 around, we see
some more correction may take place in
near term.
technicaly Sensex —( 15572)— has
weekly support around 14500-13996
And Nifty —(4627 )— Has weekly support around 4307-4164 If.... Yes IF market fall further. We shall also count Resistance levels of Sensex being-1581816632 for the week. And in case of Nifty
, take weekly resistance levels of 49085280.
You can see mismatch in both Sensex Nifty but we count resistance in some
what different way.........Than others.
Watch Monday and TUESDAY for
trend!!!!!!
8-6-2008 to 14-6-2008
Madhav Ranade
(M) 09371002943 or
email :
[email protected]
Today, I have given levels for 8
stocks, 4 commodities and 5 important world indices. This should give
you some indication about the
shape of things to come.
11
Trading levels for
9 th /13 th
June
2008 . . .
open. If that happens or if we have
a substantial hike in petro product prices coupled with share of
ONGC increased in subsidy sharing, our markets can move sharply
down. Above prediction made
last week has come true inspite of
rally in ONGC. We are due for a
further downside and mostly we
will see new low on sensex by end
of the week.
Position trading entry levels as well
as stop losses should be considered
as triggered when the level is consistently breached for a minimum
period of 15/20 minutes. Also
breaching of the level in the opening / last 15 minutes of trade should
Please call me if you have any
not be considered at all.
doubts or you need levels for
Dow is consistently trading below some other stock. I am available
threshold level of 12800 which on 09371002943 or on
keeps possibility of test of 11750 [email protected]
Stocks
Commodities
WEEKLY SUPPORT AND RESISTANCE LEVELS
ANURAG GUPTA
MOBILE : 9255191643
SYMBOL
NF JUNE
ADLAB FUTURE
ABB FUTURE
ACC FUTURE
BANKBARODA FUTURE
BEL FUTURE
BEML FUTURE
BHEL FUTURE
BOMDYEING FUTURE
BPCL FUTURE
CANBK FUTURE
CENTURYTEX FUTURE
CIPLA FUTURE
DABUR FUTURE
DIVISLAB FUTURE
DRREDDY FUTURE
GAIL FUTURE
GRASIM FUTURE
HCLTECH FUTURE
HDFC FUTURE
HDFCBANK FUTURE
HDIL FUTURE
HEROHONDA FUTURE
HINDUNILVR FUTURE
IDFC FUTURE
IDBI FUTURE
IFCI FUTURE
HINDPETRO FUTURE
I-FLEX FUTURE
ICICIBANK FUTURE
INDIACEM FUTURE
INFOSYSTCH FUTURE
IOC FUTURE
ITC FUTURE
IVRCLINFRA FUTURE
LT FUTURE
M&M FUTURE
MARUTI FUTURE
MTNL FUTURE
NDTV FUTURE
ONGC FUTURE
ORIENTBANK FUTURE
PARSVNATH FUTURE
PRAJIND FUTURE
PUNJLLOYD FUTURE
PATNI FUTURE
RANBAXY FUTURE
REL FUTURE
RELCAPITAL FUTURE
RELIANCE FUTURE
RNRL FUTURE
SATYAMCOMP FUTURE
SOBHA FUTURE
SBIN FUTURE
TATAMOTORS FUTURE
TATAPOWER FUTURE
TATATEA FUTURE
TCS FUTURE
TATASTEEL FUTURE
TITAN FUTURE
UNITECH FUTURE
TATACOM FUTURE
WIPRO FUTURE
ZEEL FUTURE
CLOSE
4608.20
557.05
967.70
630.30
225.65
1137.80
1031.05
1426.10
735.00
301.40
194.15
612.25
207.35
95.25
1490.65
693.40
384.85
2236.90
309.25
2351.55
1222.00
630.35
735.80
235.30
127.40
79.90
59.75
213.65
1274.75
767.95
164.75
1989.35
379.45
212.75
381.05
2681.50
575.85
747.00
96.10
399.90
925.15
155.65
178.05
181.95
272.95
272.40
509.45
1457.40
1112.10
2239.70
94.10
510.65
438.50
1334.80
518.85
1276.10
798.00
958.65
826.95
1143.70
204.55
479.75
501.00
222.25
FROM 09 June TO 14 June, 2008
Email : [email protected]
TREND
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
RES2
5048.07
665.95
1098.90
691.47
284.98
1257.93
1158.55
1788.17
968.07
396.67
222.72
742.48
221.55
99.68
1648.18
754.40
421.85
2332.23
335.42
2682.88
1409.07
799.28
799.60
245.33
160.23
93.93
66.62
277.08
1506.92
833.25
177.22
2120.58
481.32
226.98
438.05
3158.50
630.55
814.33
101.37
437.50
1052.22
187.52
212.02
206.85
341.58
288.73
555.02
1593.13
1306.27
2551.20
109.07
570.15
539.37
1592.87
594.88
1504.57
938.00
1089.42
963.98
1252.70
254.65
535.78
557.13
233.72
RES1TREND LEVEL SUPP1
4828.13 4676.57 4456.63
611.50
578.50
524.05
1033.30
997.40
931.80
660.88
636.42
605.83
255.32
239.73
210.07
1197.87 1134.93 1074.87
1094.80 1047.40
983.65
1607.13 1509.57 1328.53
851.53
788.32
671.78
349.03
323.52
275.88
208.43
199.22
184.93
677.37
639.28
574.17
214.45
207.30
200.20
97.47
95.23
93.02
1569.42 1497.23 1418.47
723.90
693.95
663.45
403.35
386.25
367.75
2284.57 2207.28 2159.62
322.33
303.92
290.83
2517.22 2431.33 2265.67
1315.53 1248.27 1154.73
714.82
660.53
576.07
767.70
750.10
718.20
240.32
234.73
229.72
143.82
134.83
118.42
86.92
82.68
75.67
63.18
60.37
56.93
245.37
228.93
197.22
1390.83 1306.92 1190.83
800.60
772.35
739.70
170.98
163.57
157.33
2054.97 1955.38 1889.77
430.38
402.47
351.53
219.87
215.28
208.17
409.55
389.90
361.40
2920.00 2791.50 2553.00
603.20
576.65
549.30
780.67
755.33
721.67
98.73
95.77
93.13
418.70
404.40
385.60
988.68
902.17
838.63
171.58
163.07
147.13
195.03
185.52
168.53
194.40
183.00
170.55
307.27
285.68
251.37
280.57
269.83
261.67
532.23
519.22
496.43
1525.27 1403.13 1335.27
1209.18 1124.77 1027.68
2395.45 2290.85 2135.10
101.58
96.42
88.93
540.40
511.25
481.50
488.93
459.47
409.03
1463.83 1374.67 1245.63
556.87
532.43
494.42
1390.33 1273.77 1159.53
868.00
819.00
749.00
1024.03
979.62
914.23
895.47
850.48
781.97
1198.20 1150.50 1096.00
229.60
212.50
187.45
507.77
486.98
458.97
529.07
501.73
473.67
227.98
221.67
215.93
SUPP2
4305.07
491.05
895.90
581.37
194.48
1011.93
936.25
1230.97
608.57
250.37
175.72
536.08
193.05
90.78
1346.28
633.50
350.65
2082.33
272.42
2179.78
1087.47
521.78
700.60
224.13
109.43
71.43
54.12
180.78
1106.92
711.45
149.92
1790.18
323.62
203.58
341.75
2424.50
522.75
696.33
90.17
371.30
752.12
138.62
159.02
159.15
229.78
250.93
483.42
1213.13
943.27
2030.50
83.77
452.35
379.57
1156.47
469.98
1042.97
700.00
869.82
736.98
1048.30
170.35
438.18
446.33
209.62
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
Continue on ...8
1. This model is based on the premise that the TREND LEVEL is the most important price level that
decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind,
the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply,
volatility and market sentiments prevailing in the market. Hence its importance in intraday trading.
2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally
High and Avoid SELLING if prices open too low.
3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the
resistant level (res1 and res2)
4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near
the support level (sup1 and sup2)
5. STOP LOSS: Since you are aware of the ‘potential returns’ at the time of initiating an intraday trade
(difference between the entry price and profit targets), you should set up an appropriate STOP LOSS
around 1% above below of the trade price to protect yourself if the market turns and goes against you.
6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a
stop loss level, and find during the course of the trading day that the market turns and goes the other way
and crosses the TREND LEVEL, then trade again:
.For
instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to
lower price levels, then GO SHORT.
.
And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to
higher price levels, then GO LONG.
8-6-2008 to 14-6-2008
12
INTRODUCTION :
Shri Antaryami is connected
with Stock Market since last
many years and giving right
guidance to many people
among the country and out
side the country also. He has
great experience and knowledge of the Stock Market and
he is counting as a leader analyst in Gujarat. He is connected with Stock Market research and it becomes his profession. Due to personal circumstances, he do not want to
share his introduction, but he
always remain well wisher of
small investors and thinks for
them and always catch the opportunity to guide them. It is
his pleasure to help and guide
small investors.
SELL NIFTY FO @
4608 SL 4640 TGT @
4500 BEFORE JUNE
2008
SENSEX – 15572 as on
06/6/08
Dear Friends,
Market looking weak
for next week
Sensex has resistance at15800
Level with highly Volatile
Trend; above which other resistance levels are at 16050 In
downside support levels are at
15150 levels; other support
levels are at14800 levels. I am
negative for next week below15200 but be with the
trend. Let the market decide
further moves. As we are saying from many days Buying is
suggested in falls only... and
its still a better strategy in the
given scenario.. .Regarding long term positions,
it is preferable to remain
cautious now...!! If
sensex crosses 16200
again then the upper side
target is quite high and it
may touch 16800 before
June 2008!!!
One can go for buy at
those levels also, but in
absence of that its time to
book profits. This is a pes-
DIAMOND STOCKS FOR THE WEEK
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
SPICE JET : ( 35 ) : Buy at Rs32 levels considering minor support of Rs30 and stoploss of Rs
28 for an upper target of Rs 42 levels. Below Rs. 25 it can slide upto RS 23 and RS 20 levels.
BHARAT FERTI : (70 ) : Operator based buying has been there in this stock. It is suggested to
buy at RS 68 with SL of RS 65 for the target of Rs 78; below RS 64it can fall up to RS 60 levels.
If it crosses Rs 80 level than expect non stop rally up to Rs 85
BALAJI DIST: (35 ) : This stock is looking very good to buy at Rs 32with SL of RS30 for the
target of RS 45 levels below Rs. 28 stock shall witness free fall.
TRIBHUVAN HOUSING : ( 52 ) : Buy delivery of this stock at current levels with SL of Rs 48
for the target of Rs 60 level. It is very good for long term position also.
IFCI: (59) : Buy at Rs56 with SL of Rs 52 for the target of Rs 65 levels below Rs.52 it can
show further fall.
IDBI : (79 ) : Technically accumulation in this stock has been at these levels. Buy at Rs 76 with
SL of RS 72 for the target of RS 90 levels. It is very good for short to medium term.
LIBERTY PHOSPHATE : ( 15 ) : Buy at Rs 14With SL of RS 12 for the target of RS 25 level.
It is very good for medium to long term investment.
NARENDRA PROPERTY : ( 35) : Buy at Rs 32 with SL of Rs 30 for the target of RS 43
levels. It is very good for medium to long term investment.
PATEL INTIGRATED : ( 51 ) : Buy at Rs 48 with SL of RS 46for the target of RS 59 levels
It is very good for medium to long term investment.
ONWARD TECH. (26 ) : Buy delivery of this stock at current levels with SL of Rs 22 for the
target of 35 level. It is very good for long term position also.
simistic outlook but that’s the
way we tend to be, in this market.
NIFTY FO – 4608 as on
06 .06 .2008
NIFTY FO has resistance at
4640 Level ; above which
other resistance levels are at
4680Level with highly Volatile Trend, In Downside support levels are at 4550 Levels; below 4520 level, other
support levels are at 4480 levels. I am negative for next
week below 4480 but be with
the trend. Let the market decide further moves. As we are
saying from many days Buying is suggested in falls
only...and its still a better
strategy in the given scenario...!!! it is preferable to
remain cautious now...!! If
NIFTY crosses 4680 Level,
again then the upper side target is quite high and it may
touch 4800 Level before
JUNE – 2008...!!! Here is
given Some DIAMOND
STOCKS for the week
FUTURE-PLATINUM
1
2
3
4
5
LANCO INFRA: (390 ) : Buy at Rs 370 with SL of RS
355 for the target of RS 425 level below Rs 355 it can
show further downfall.
CAIRN INDIA : ( 284) : Buy at Rs 281 With SL of RS 280
for the target of RS 305 level below Rs 278 it can show
further downfall up to Rs268.
SUZLON: (280 ) : Buy at Rs 275 with SL of RS 272 for
the target of RS 293 levels below Rs. 270 it can show
further downfall up to RS 260
BHEL.: (1420) : Buy at Rs 1375 with SL of RS 1320 for
the target of RS 1480 levels below Rs. 1320 it can show
further downfall up to Rs. 1280
GUJ NRE COKE: ( 133 ) : Buy at Rs130 with SL of
RS128for the target of RS 148 levels below Rs.128 it can
show further downfall.
SMALL SAVING STARS
1.
2.
3.
4.
5.
BHURAKA GAS: ( 21 ) : Buy at 20 with SL of RS 18 for the
target of RS. 26 .
NICCO CORP: ( 17 ) : It is suggested to buy with SL of RS
14 for the target of RS. 25 below at RS 13 it can slip up to RS
10 level. Crossover above Rs. 25 Level will take the stock
to Rs 29
PIC INDIA : (87) : Buy at Rs.85 with SL of RS. 82 for the
target of Rs.92 levels below Rs. 81 it can show further down
fall.
IFB AGRO : (64) : Buy at Rs62with SL of RS60 for the
target of Rs 74 levels . It is very good for long term position
also.
GHCC: (50 ) : Buy at Rs 40 with SL of RS 36 for the target
of Rs 70 levels below Rs.35 it can show further fall.
Don’t try to short at lower level