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• Vol. I • Issue : 38 • Date : 16-11-2008 to 22-11-2008 • Editor : Narendra Joshi • Sub.Editor : Sharad Kotak • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
MARKET MAY CONSOLIDATE IN SHORT TERM
After two consecutive week
gain, last week our market
closes with more than 5.5 %
losses in sensex and Nifty Initially good started our market
unable to survive the rally and
throw all the gains and closed
in negative zone.
2810.35 in the week ended
Friday, 14 November 2008.
BSE Mid Cap Index and
small cam Index also lost
4.15 % and 3.46 % respectively in the week.
Our market neglects some
good news such as receding crude oil prices, decreased
inflation, IIP data well above
Sensex fell 578.87 points and
Nifty shed 161.65 points to
market expectation.
Inflation declined sharply to 8.98
% in the week ending 1 Nov. 2008
from 10.72 % in the previous week
mainly due to sharp drop in oil
prices. Crude Oil prices came
down to $ 52 per barrel from the
peak level of $ 147. Industrial production rose 4.8 % in September
2008 much higher than a revised
1.4 % growth in August, 2008.
The cumulative increase in in-
dustrial production during April
– September 2008 period was 4.9
% as against 9.5 %, corresponding period last year.
Investor will keenly watch development at G-20. The G-20 countries will discuss ways to protect
the globle economy from a repeat
of the worst financial crises in
so year.
Continue on ...5
Market in correction STRONG SUPPORT AT 2502-2288 - 15/11/2008.
Market could not sustain at recession. The Chinese economy versal in the short to medium
levels as the follow up has registered a single digit term.
phase with mix approach higher
buying was completely missing growth after a span of many
and good short positions were
created at higher levels.
In the last week market came
down as per the mentioned
levels. Still market is in correction mode. Technically we
have to wait till the up side
reversal. Now a days market
is getting very volatile so, in
each and every trade put
strict stop loss.
Nifty future (2810): In last
week we told nifty may NFTY_N-Dly .08/10/08-14/11/08 F-20022
check 2764 and 2644. see Price
in last week its touches
2770 means the first tar3301.27
get is almost achieved.
Now wait for another
2891.28
down level or if nifty
2764.63
closes above 2900 at
2644.43
least for two days then
it may go upto 31802228.00
3300
08
N
HDIL(177.40) : At this
level it seem to take support of bottom level of
105. One can buy with
stop loss of 105. It can
go up to 130 & 147
Continue on ...10
TREND
F 14/11/08
3600
3400
O 2895
H 2933
L 2770
C 2810
V 1269750
3200
3000
2800
2600
2400
Keep Away from Fresh Buying
A Market was expected to improve in the last week but it did
not and reaching a pack
of
11,000 the sensex tell 1000 points
to close at around 9300. It seens
that the economic slowdown is
becoming apparent all around us.
I have are no Buyers in mall,there
are nnoo passengers in airlines
and there are no luyers
in reall estate.
From the above it becom
deal that economic slowdown is now a reality
and a market stauted showing
this sign 10 months back.The
improvement in economic situa-
Continue on ...5
TREND
230
220
210
200
190
180
170
160
F 14/11/08
O
H
L
C
V
112.00
120.00
108.95
117.40
8061
NEW MILESTONE FOR THE ECONOMIC REVOLUTION
WITH THE CO-OPERATION OF KOTAK INVESTMENT
WE ARE INTRODUCING SMS SERVICES FOR OUR MEMBERS / INVESTORS
CALLS AND OCCASIONAL MARKET SNAPSHOTS AND LOT MORE
150
140
130
120
110
Support level
08
Continue on ...9
The Bears ignored all the good
news and continued its
work of bringing down
the market with single
minded dedication. The
Bears ate away the fall in
inflation as starters, then
drank away the drop in
Fuel price and just played
with the better than ex-
The American recession is now
expected to be more severe than
expected. The kind of
bankruptcy news and
-SHOBHA
jobless data indicate
Email :
that it is going to be a [email protected]
long and dark winter.
The
European SHAHENSHAH OF FINANCIAL JUNGLE
economy too fell into
HOUSING DEV-Dly .22/09/08-14/11/08 B-532873
Price
Bhart Forge (102.20) :
Since last so many days
it is taking support of
100. One can buy above
years. This means that the global bear market will not
see any re-
O
N
100
CHARGES RS. 1000, PER MONTH
10 PERCENT DISCOUNT ON
QUARTERLY PAYMENT
CONTACT FOR DETAILS :
MR.NARENDRA JOSHI, EDITOR,
MOBILE NO. 9825065387
12-10-2008 to 19-10-2008
2
MARKET WAIT FOR G-20 MEET
BSE Sensex(9385.42)
and Nifty(2810.35)
closed 5.8% and
5.5% down last
week.Inflation was
8.98 v/s 10.72 last
week.Crude oil was
at 58$.Mareket recovered during the
week on completion
of U.S. Presidential
election.but was not
able to sustain the
gains because of
profit booking at
h i g h e r
levels.Support for
Sensex is 8920 and Narendra Naynani
for Nifty 2670.Resis- (M)9898162770
tance for Sensex is [email protected]
9740 and Nifty is at
2920.Local fund buy- www.narendranainani.blogspot.com
ing was visible
against selling of FII.Nifty put- Maximum Profit=70-65=5*1200
call ratio was 1.03.Nifty 2900 call =6000-3300=2700.00 Rs.
added open interest.TataTele
Services and Sesa Goa added Maximum Loss=3300.00 Rs.
open interest.Tatasteeel and
Break-even=67.75 Rs.
Suzlon lost in open interest.
BULLET
Strategy for Future Option players.
2)TTML(20) November month
future-Lot Size 5225 shares.
1)IDBI(66.80) Lot Size-1200
Shares.
Buy one lot of November month
[email protected]
Buy one call option of November month strike price [email protected]
Rs.
Sell one call option of November month strike price 20 @1.20
Rs.
Sell one call option of November month strike price [email protected]
Rs.
Premium Received=1.20*5225
=6270.00 Rs.
Premium Paid=4.75*1200
=5700.00 Rs.
Premium Received=2.0*1200
=2400.00 Rs.
Net Premium Paid=57002400=3300.00 Rs.
Max Profit=6270.00 Rs.
Max loss=Unlimited.
Trading Idea
1)HPCL(218.60)Buy this stock in
decline and trade.
2)GLAXO(1072.50)Buy this
stock in decline and trade.
Technical Indicators for major stocks
MFI=MONEY FLOW INDEX
RSI=RELATIVE STRENGTH INDEX
ADX=DIRECTIONAL MOMEMNTUM INDEX
STOCK
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
CLOSE
395.9
1213.2
169.55
536.15
68.5
261.4
1171.6
171.9
530.85
MFI-21
39.81
41.99
47.39
25.6
42.58
38.53
38.6
33.92
49.9
RSI-14
43.76
40.5
49.9
35.52
32.75
41.14
41.79
32.11
45.27
ADX-14
20.4
32.38
24.41
27.95
35.29
28.87
29.47
39.46
24.14
TREND OF MAJOR STOCKS
STOCK
TREND
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
Bearish
Bearish
Bearish
Bearish
Bearish
Bearish
Bearish
Bearish
Bearish
NO OF
DAYS
3
3
2
3
3
3
3
3
1
Weekly Monthly
Trend
Trend
Flat!
Flat!
Rising
Falling
Flat!
Flat!
Falling
Falling
Flat!
Flat!
Rising
Rising
Falling
Falling
Flat!
Flat!
Rising
Falling
Candlesticks fit into the overall
technical picture, but it should
be known that candlestick chart
patterns are just one part of a
wide array of studies that fit into
technical analysis. Technical
analysis spans all chart analysis,
and it is even applied to some
fundamental analysis statistics.
Candlesticks are usually traded
actively or passively, but few
traders deny their influence, especially those that use technical
analysis in favor of traditional
investing. Some traders like to
use candlesticks as the sole
buying and selling signals, while
others blend them in with a few
other technical indicators to refine their trading. Day traders and
swing traders are much more
likely to use candlestick patterns
than investors, but that is due
largely because of the difference
in investing ideologies.
The passive view
Passive candlestick traders are
more familiar with and typically
favor other methods of technical analysis than chart patterns.
This group of investors is made
up of those who prefer computer
generated technical analysis to
the 18th century style of candlestick trading. The passive
candlestick trader is usually an
1) SUN PHAR ( 1189.60 ) :- In
this scrip near term support at
1182 and buy with the stop loss
of 1174 on the upper side first
target is 1196 then Rs. 1203 1218 to 1226.
2) AXIX BANK . ( 494.85 ) :- In
this scrip near term support at
490 and buy with the stop loss
of 482 on the upper side first
target is 500 then Rs. 507 - 512
to 520 .
3) TITAN ( 860.40) :- In this
scrip near term support at 853
and buy with the stop loss of
846 on the upper side first target
is 866 then Rs. 873 - 882 to 890.
Candlesticks and Overall Technical Picture
KARUNA JAIN
Mo. 09887056704
active, professional trader with
a more complex trading style than
most. This group is made up of
people who trade candlesticks
casually while putting more influence on other indicators.
The active view
The active candlestick trader
keeps a close tab on each developing chart. Bottoms and tops
are marked by candlestick patterns rather than their price. Active candlestick traders are willing to take even the short term
charts and trades that may not
go entirely with the “candlestick
creed.” Little confirmation is
needed for these traders who like
the simplicity to the more complex forms of technical analysis.
The overall picture
Whether you are a candlestick
purist or technical analyst, there
is something in candlestick
charts for everyone. Full-time day
trading requires a full arsenal of
of 635 on the upper side first
target is 655 then Rs. 662 - 669
to 675.
7) JSW SL. ( 274.15 ) :- In this
scrip near term support at 270
and buy with the stop loss of 265
on the upper side first target is
278 then Rs. 283 - 289 to 294.
8) EDUCOM ( 2428.70 ) :- In this
scrip near term support at 2417
and buy with the stop loss of
2408 on the upper side first target is 2437 then Rs. 2448 - 2452
to 2473.
9) ORACLE FIN
( 509.65 ) :- In
this scrip near
4) ADANI ( 384.20 ) :In this scrip near term
support at 376 and buy
with the stop loss of
368 on the upper side
first target is 388 then
Rs. 393 - 399 to 405.
5 ) ULTARATECH. (
322..80 ) :- In this scrip
near term support at 316
and buy with the stop
loss of 309 on the upper side
first target is 327 then Rs. 334 338 to 343.
6) BHARTI AIR ( 650.15 ) :- In
this scrip near term support at
643 and buy with the stop loss
trading tools and information,
thus adding candlesticks can
bring some benefits. Some use
candlesticks to trade opening
gaps or the late day breakouts,
but all investors can agree that
they do play some role in predicting future prices.
Keeping a balance
Balancing candlesticks and
other forms of technical analysis is a solid way to produce
consistent profits. A professional trader is likely to favor
either candlesticks to the bulk
of technical analysis or vice
versa, but usually picks up the
second place preference as a
critical confirmation. A comprehensive trading plan should
outline the roles of both forms
of analysis and give preference
to one. Your plan should act as
your own screener, finding the
good trades and leaving the
bad. No matter the type of
trader, there is plenty to benefit
in learning a new indicator.
and buy with the stop loss of
1264 on the upper side first target is 1287 then Rs. 1296 -1304
to 1312.
11) LUPIN LAB ( 581.25) :- In
this scrip near term support at
576 and buy with the stop loss
of 570 on the upper side first
target is 587 then Rs. 593 599 to 605.
12) SIEMENS ( 294.50 ) :- In
this scrip near term support at
288 and buy with the stop loss
of 283 on the upper side first
target is 298 hen Rs. 304 - 311
to 317.
13) AKRUTI ( 643.60 ) :- In
this scrip near term support at
638 and buy with the stop loss
of 631 on the upper side first
target is 648 then Rs. 656 –
663 to 670.
14) ABAN. ( 871.40 ) :- In this
scrip near term support at 864
and buy with the stop loss of
857 on the upper side first target is 878 then Rs. 884 - 892
to 899
term support at 504 and buy with
the stop loss of 496 on the upper side first target is 515 then
Rs. 523 - 528 to 533.
10) BHEL ( 1280.10 ) :- In this
scrip near term support at 1272
15) MARUTI ( 536.65 ) :- In
this scrip near term support at
530 and buy with the stop loss
of 523 on the upper side first
target is 543 then Rs. 549 557 to 563.
12-10-2008 to 19-10-2008
3
As sensex Neglect Recession The real focus needs to be on active stocks
The market is expecting some right now.
kind of length of view than
and breaks down 151 points. sort
of united or unified action
actually there are some good
RIL And RNRL than this
company’s shares price will goes
high and which is seems profitable for the share holders.
Dear readers,
After opening strong sensex,
remains 570 points with ups
and downs .and at the end of
day sensex remains 151 points As telecom industries had also
down with whole down at the took the decision to stop the
rate of 1.6% where sensex outsourcing work.
closed down at 9385
points. NSE was down
39 points with the rate
of 1.3 % and closed
down at the level of
2810 points. As recession is constant decrease but market still
remains with the
down ward trend. Where whole
sell price index on the date of
1st November 2008 remains
In market many people’s predicts
week closed at the down level
that Ispat Inwith the rate of
dustry Had
8.98%. which Global Market Important level :
default with
is 10.72 previthe UTI.
DOWJONES
:
7800
ous week.
NASDEQ
: 1440
As we are
As FII had S&P
: 770
kindly advice
continue the FUTSI
: 3873
all investors
pressure of HANGSANG : 10750
that,
In
Short Selling.
market’s volaIt had also
tile situation promoter should not
took the part in to the Volatile
Buyback the shares instead of
market. On this Friday FII had
that they should buy the shares
clean Sold the shares of Rs.812
from the open market because it
cr because of this current month
seems to be profitable.
all selling of shares reach at
Rs.1800 cr.
Sensex at High level 9200 and
bottom level remains with the
In this current month , it seems
maximum level of 8800 points and
the greatest re cession in the
hope that at high maximum up
Still Industries. As Welspon
level sensex remains with the
had deny to expand the project
level of 10000 to 10500 points. In
in to the Gujarat. As in reality
same manner Nifty will lay beestate Sector DLF had also stop
tween 2521 to 2222 with imporits Project of nation’s biggest
tant bottom level. And possibilshopping mall.. As in RIL And
ity that Nifty remains between
RNRL government had de2980and 3150 at important high
clared new Swear Contract if
level.
case goes in to the favor of
OUR LAST WEEK’S CLASSIC CALLS:
HDIL
: BUY AT 105 to 110, SL 98, Tgt 130 TO 140.
(Last week : Hi – 130, Low – 106.65)
: BUY AT 18 to 20, SL 16, Tgt 23 TO 25.
(Last week : Hi – 21.50 ,Low – 18.40)
: BUY AT 80, SL 74, Tgt 90 TO 95.
(Last week : Hi – 86.80,Low – 75.40)
: BUY AT 12, SL 10, Tgt 15 TO 18.
(Last week : Hi – 13.55 , Low – 11.20)
: BUY AT 145 to 155 , SL 137 , Tgt 185 TO 195.
(Last week : Hi – 171.50 , Low – 135.75)
IFCI
SESAGOA
ISPAT IND.
TATA MOTOR
CURRENT WEEK’S CLASSIC CALLS:
PNB
TTML
EDUCOMP.
GVKPIL
HDFC BANK
:
:
:
:
:
SELL AT 470, SL 483, Tgt 455 TO 440.
SELL AT 20.25, SL 21.50, Tgt 18 TO 17.
SELL AT 2425, SL 2505, Tgt 2250 TO 2100.
BUY AT 15.50, SL 15, Tgt 17.10 TO 19.05.
SELL AT 1009, SL 1062, Tgt 960 TO 918.
GLOBAL NEWS :
As hurdle cross jump in to the American market on previous night
Britain, Germany, and France market increases up to the 2 to 3 %. In
Asian Market Japan, Hong Kong, China and Singapore like impor-
to come out of this weekend’s
meeting. We don’t have a particular forecast on certain actions that we expect to result from
the meeting but generally speaking, it is clear that what we have
seen a determination of governments, central banks and other
institutions to come up with
measures that will break what we
have called the negative feedback loop whereby
you have the financial crisis and the
global recession
feeding off each
other. So we have
seen synchronised
rate cuts, we have
also seen other
stimulus packages
coming out on country-by-country basis. So there is
clearly a potential for some further unified action perhaps over
the weekend.
We could say that we are not
done with the deleveraging process. If we looked specifically at
emerging markets, we have that
process ongoing and we can expect to see some continued pressure on emerging markets currencies. If we are looking for large
flows into the markets, the risk
aversion still remains relatively
high and there were quite a bit of
positives for the equity markets.
So we have seen commodity
prices as well as global rates declining but until investors are
much more comfortable in what’s
happening on the global
economy and the impact on earnings, they are probably going to
be a bit reluctant to step back in
We think that we are close to the
bottom but there is the potential
for further falls and we expect this
kind of volatility continuing
certainly through the end of this
year and even as we move into
2009.
So we wouldn’t certainly be
saying that the bottom of equity
markets [has been achieved or
not]. And
if
you
look back
to previous bear markets —
during 2002-2003, we saw three
bear market rallies of over 7%
during that period — so there is
a potential for further bear market
rallies in this current period.
Now there are a number of ways
to look at valuations. If we look
at valuations in terms of
earnings, they look very
attractive at the moment. If we
look on PE basis, [then they are
at] the kind of levels that you see
once in a decade or every decade
or so looking back over the past
eight years.
So we know that all have a lot of
nervousness over the earnings
visibility and we share those
concerns. But from valuation
perspective for all, we are willing
to look two-three years and this
is a good time to be taking that
COMMODITYUPDATE
Last Week’s Commodity Classic call :
LAST WEEK’SALLCLASSIC CALLS MET WITH THE TARGET.
Crude
Silver
The real focus needs to be on
active stocks selection because
a lot of stocks who have poor
earnings potential have been
marked down but also stocks,
which have much better earning
potential have marked down to
the same extent. It’s important
to pick the right one for the way
up.
Day trading, formula
can help you
tant market increases up to the 0.2 to 3%. In current week Rupee
was reduced by 3 rupees against the U.S. dollar.
Gold
opportunities there.
: To Buy with SL 11450, Target 11730 to 11900.
(Last week : Low – 11490, Hi - 11825)
: To BUY with SL 2800, Target 3050 to 3200.
(Last week : First Hi – 3145, Then Low – 2755)
: To Buy with SL 16600, Target 17200 to 17400.
(Last week : First Hi – 17285 , Then Low – 16000)
Current Week’s Commodity Classic call :
Gold
: To SELL with SL 12010, Target 11650 to 11505.
Crude
: To SELL with SL 2995, Target 2800 to 2605.
Silver
: To SELL with SL 16600, Target 16200 to 15950.
Dear Reader, We
never used formula
given because we use
charts. Lot of peoples
is using this technique
so we hope it can help
you. As with other methods of
trading, comfort will be
achieved only through constant practice.There are many
among my day trading friends
who do not peruse graphs during the trading day. Just watching the price and volume movement is sufficient to tell them
which stock is going to breakout and they trade accordingly.
The pivot point trading system
is designed for the less clairvoyant day traders like us. This is a
simple trading system that can
enhance the trading of those
who do not want to get distracted with intra day graphs.
All that is needed is the previous day’s high, low and closing price, we have an entire
range of supports and resistances that can be found invaluable in day trading. The USP of
pivot point trading is that it is
predictive in nature i.e. it can
forecast the range for the trading day ahead. The formula for
calculating the pivot point is as
follows, R2 = P + (H - L) = P + (R
- S1)R1 = (P * 2) - LP = (H + L +
C) / 3S1 = (P * 2) - HS2 = P - (H
- L) = P - (R1 - S1). H stands for
the previous day’s high. L
stands for the previous day’s
low and C represents the previous day’s close. The S and R
are the supports and resistances. Many variations are
available for the above formula.
Some formulas include the
opening price of the current
trading day. Other formulas
compute more than two supports and resistances
Continue on ...4
12-10-2008 to 19-10-2008
4
Time for metal and bullion
Charts Speaks about Market
Nifty has support at 2580 & 2340 and Resistance at 2860 & 2930,
Nifty is weak with respect to all charts expected to reach 2340. If
nifty breaks 2340 may reach to new bottom of 2000. On other hand
if nifty sustains above 3050 at the end of this week then nifty can
reach 3700 or some higher level in next week. Then selling pressure will start from higher level. In such condition Nifty will show
new bottom in next month.
Some stocks for this week
1)
Canara Bank : has resistance at 202 and support at
185 & 160 Short sell at 200 stop loss 203 target 180….165
2)
GTL( Global tele) : has support at 186 & 180 Resistance
at 205, Short sell at 196 stop loss 204 target 188….180
3)
ITC : has support 160 and resistance at 185 short sell
around 180 with stop loss 185 target 160
4)
TTML : has resistance at 24 and support at 17 short sell
around 22 stop loss 24 target 17…..15
In this current week if nifty meet 2340 or new bottom then at that
level of nifty, buy frontline scripts such
VIKAS JHA
Conti. from ....3
So, how does one use these
pivot points? If the price opens
above the pivot point and starts
moving upward, then a long position can be initiated with a stop
just below the pivot point and
with the R1 as the target. If the
price crosses above R1, that can
also be an entry level with a stop
just below R1 and R2 as the target. Generally, no buy is initiated
near R2, as it is the upper limit of
the trading range for the day. In
case the price reverses from R1
or R2, it can be the right place to
short the stock with a stop just
above R1 or R2 with the target
As per Lt Col Ajay CEO of
www.astromoneyguru.com -As
per Astro-technical calculations
this week is represented by figure 47 and as per finical numerology figure(4+7= 11) is ruled by
Moon , the planet is known for
water , fashion and Media ,sudden trend reversal is expected
in metal and Forex. This week
Sun and Mars are in varashik,
Mercury will be also changing
rashi from Tula to varashik,
Moon will be in Mithun and
karak, and rahu will be in makar
and ketu in karak rashi. All these
combinations of planets are indicating great movement in metal
and forex.
The current week is expected to
show highest volatility in world
future market. My sincere advice
to trade in delivery base stocks.
My weekly picks are from metal.
Sept 08 industrial production
rose to 4.8% , higher than the
1.4% revised number in august
and marginally higher than expectations, but the big suprise
is our inflation data market expected 10.42 vs last weeks 10.72
but surprising figure announced
as 8.98%, may revise later that
game still pending, but its gud
to change the mind of investors
to sit positive and RBI to do
some CRR cut.weakening Rupee
to historical low and economic
crisis across the globe due to
globalisation still a prob,mutual
fund also pulled out rs 47000
crore in october, its the highest
redemption from MF schemes in
a month so far this fiscal year.
All world market reacting to US
market is giving bad hint, our
economy slow down also will
reflect in mkt conditions, but this
market is very atractive for day
traders and short term investors,
why i am telling short term investor is, chance is there to buy
being the support just below. In
the similar way, if the price
opens below the pivot point, it
is a bearish signal and a short
position can be initiated with a
stop just above the pivot point
and the target being S1. Price
moving below S1 and moving
towards S2 would also be a selling level. Selling is generally not
done near the S2 as it is the lower
boundary of the day’s trading
range. Price reversing from S1 or
S2 can be used for initiating buy
calls with the target being the
level just above. Traders who
peruse charts can use pivot
points in association with other
Real state and power sectors.
(1) PTC (2) Tornt power (3)
Sterlite Ind (4) Pfc (5) SAIL,(6)
Tata steel(7)Dlf(8) Ongc
Commodity sections
Bullion (Gold )-As per astrotechnical calculations now gold
is expected to
see heavy volatility in bullion
market. From
middle of the
week strong upward movement
is expected in Gold
Crude oil- As per stars crude oil
is looking volatile but firm in
spot and future market .This time
to invest in crude oil for short
term investment .Since crude oil
is almost at bottom levels a new
coach of the that you show me
out of the visa
This week may bring fortune for
Singh rashi; some vice decision
are expected to be taken which
give result in next few days. Now
stars may start favoring them in
trading as well as at demotic
fronts .However one can check
horoscope to take full advantage
of astrology in trading. Venus has
to be good in Individuals horoscope before wear. Please check
your horoscope for correct decisions.
BABU K IYER
e-mail – [email protected]
at the same buy rate after booking 20 to 30% profit, not yet market mood changed positive for
long term investors, avoid reliance industries negative sentiment and rumours backing up reliance so strictly avoid reliance
for time being, am repeating oil
companies in atractive rates,
consider only psu oil companies
like hindpetro, bpcl, ioc. fiis upgraded cipla s target, OBAMAs
win also supporting pharma
counters, strictly avoid private
banks, government advised profitable PSU comapanies to park
their surplus money only in public sector banks giving bad signal for pvt banks, not yet the
statement is clear, so better to
avoid private banks, Obama
sentiment may help wind energy shares like suzlon ,
indowind etc, but currently
suzlon in negative sentiment,
one can accumulate around 4445 range for a short term tgt of
70.
technical tools to decide whether
to play long or short. It is possible to calculate more than two
supports and resistances around
the pivot. We give below a formula that calculates three resistances and three supports: R3 =
H+2 X (P - L) R2 = P+ (H - L) = P
+ (R1 - S1) R1 = (PX2) - L P =
(H+L+C)/3 S1 = (PX2) - H S2 = P
- (H - L) = P - (R1 - S1) S3 = L - 2 X
(H - P) P = Pivot point, R1 = resistance 1, R2 = resistance 2, R3
= resistance 3, S1 = support 1, S2
= support 2, S3 = support 3, H =
high, L = low.
ATTENTION
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.
HAPPY TRADDING
my pick for this week in derivative is natinal aluminium cmp
176.15 , idea cellular cmp 48.85
in equity OCTAV cmp 20.60 investment may rise more , some
positive news expecting no
more recomendation in this market conditon, add my id for
liveinformations
12-10-2008 to 19-10-2008
5
tion is done by the sector every year. Dividend pay out ratio comes out to be around
7-10 %. Constant increase in shareholders’ fund also reveals a positive sign of
growth of the industry.
KEY RATIOS:
Debt Equity Ratio:
Oil and Gas Sector Analysis:
Year
Latest
2006
2005
2004
Debt Equity
Ratio
0.45
0.45
0.44
0.34
As we can conclude from above data that debt is almost less then half of the share
holder’s equity. So fundamentally it is looking strong.
Background:
Long Term Debt Equity Ratio:
In the natural gas industry the production is generally measured in cubic feet or
meters while the consumption is measured in BTUs. Economic reforms and growth in
GDP is fuelling the need for a cheaper and cleaner fuel Natural gas to sustain the
growth rates. The current consumption of about 100 MMSCMD of gas in India is
primarily shared among the power and fertilizer sector to the tune of 42% and 31%
respectively. This is followed with petrochemicals - 4%, city gas (CNG/Piped Natural
Gas)-4%, LPG/Other Liquid Hydrocarbons - 4% and Sponge Iron/Steel Sectors-4%.
In the next ten years gas based power projects are expected to the order of 33,665
MW requiring a natural gas order of 100-120 MMSCMD. Fertilizer sector would also
like to switch over to a Natural Gas from Naphtha, which is more costly. Natural gas
would also get necessary thrust from the government’s initiative to introduce city
gas distribution.
Year
Year
Latest
2006
2005
2004
The leading companies of this sector are GAIL, GSPL, IGL & the most important is
ONGC.
Current Ratio
1.2
1.2
1.22
1.15
Domestic production of natural gas showed a growth of 10.1% at 2,792 million standard cubic meters (MSCM) for the month of April 2008 compared to corresponding
previous month. ONGC, which produces over 65% of
Latest
Long Term Debt 0.22
Equity Ratio
2006
2005
2004
0.22
0.21
0.13
As it’s clearly seen from above data that long term debt is quite limited in compare to
the share holder’s fund so it is showing the investors trust on company.
Current Ratio:
From the above data we can clearly see that the previous year & this year current
ratios are same so we can stated that position of asset & liability are same during this
year.
Return On Capital Employed:
India’s total natural gas, registered a 5.1% increase in natural gas production at 1,892
MSCM during April 2008 compared to 1,800 MSCM in the corresponding previous
month. Oil India (OIL) natural gas production declined
3.2% to 183 MSCM during the April 2008 compared to corresponding previous
month. The natural gas production by other private players and joint ventures improved a handsome 30.8% to 717 MSCM during April
2008. Overall, during the month of April 2008 the domestic onshore production of
natural gas decreased 1.8% to 734 MSCM representing 28% of India’s total production, while the offshore production increased 15% to 2058 MSCM, which is 72% of
total domestic production.
For the period between April2007-March 2008 Natural gas productions increased
1.7% to 32,274 MSCM compared to corresponding previous year period. ONGC
production was 1.1% lower at 22,206 MSCM for April2007-March 2008 while Oil
India gas production improved 3.4% to 2,341 MSCM and private player’s production
surged 9.8% to 7,727 MSCM. Empowered Group of Ministers (EGoM) had been
constituted to examine issues relating to pricing and commercial utilization of gas
under New Exploration Licensing Policy (NELP). Natural gas prices are seeing an
upward trend taking its cues from rising crude prices and falling inventories in the
US. Indian natural gas industries are currently at an inflection point with vast demand and supply gap, which is expected to narrow down in a phased manner as
commercial production from KG basin starts and more of new discoveries are available next year.
Approximately 25% increase can be seen in the sales of the sector as a whole as per
latest sales data as compared to F.Y. 2005. Further looking to the various growth
prospects and opportunities confronted on the sector as mentioned earlier, substantial increase in sales can be expected in the near future. From the above data we can
see that performance wise the company is increasing year by year and all the data’s
are quite satisfactory. Commensurate to the increase in sales, increase in operating
profit from F.Y.2005 to latest available data is also approx. 28%. Further sector has
maintained a sound percentage of net profit over sales of approx. 28% over the
years.
As is evident from the figures above, almost constant amount of dividend distribu-
Year
Latest
2006
2005
2004
ROCE
30.72
30.69
31.48
27.48
This ratio is the indicator of how well company is utilizing the capital to generate
revenue. So we can see that return on capital investment is continuously increasing.
Interest Cover Ratio:
Year
Latest
Inter.Cover Ratio 179.38
2006
2005
2004
212.86
217.18
115.5
Oil & Gas sector is showing a bit of weakness in this ratio because it is in decreasing
trend but still it is strong if we analyze it during the latest year. Lower the ratio during
the latest year showing the sector is burdened by the debt expanses. But still the
sector is in better position in terms of meeting the interest cost.
Conclusion:
Looking at the current scenario, it is expected that Global inflation may not affect our
domestic Oil and Gas Market. Investors can buy these scrips for more than 8 months.
Long term investments in these scrips may give satisfactory results.
MARKET AT GALANCE
Conti. from ....1
tion will take some time but attt the same
time but there is oner ancouraging factor
in the market today.
The current prices already discount the
aspected pool performance for the DECEMBER and MARCH qualites . so that
envestors can be assured that the prices
may not fall muchh fffrom current levels
but fresh luying is advise at present.
MARKET SUMMERY
Conti. from ....1
Market may get support in lower level on
expectations of further cut in interest rates
with inflation falling to signle digit.
At the current scenario, thanks to FII selling most stocks cum at 1/3 or more from
peak levels. There is good opportunity to
build strong portfolio for long term. No
situation can be stay forever. Friends,
there are hundred of shares which can
give multi fold return in coming 4-5 years.
12-10-2008 to 19-10-2008
6
Dear friends,
We have seen in that the market is not giving clue to any one. It
seems directionless to most of the analyst. However market it self
has decided it’s direction. Since, September 2008, when Nifty
broker 4287 we should have understood the direction of the market, because, it is the level of Nifty falling bellow it distinctly
stamped bear fact of the market. There should not have in the
mind of anyone having a little knowledge of technical analysis.
However, we are surprised that none of analysts, chartist, economist attached to the ministry of Finance Planning Commission,
Central Bank or those believed to be the master mind of the stock
have foreseen this massive correction, does it mean that either
they are fool or fooling the people.
Does it mean that they are either lacking of knowledge of the
stock market or having an attachment with few big fishes that
they wanted to support ?
We are proud of being one and only one financial weekly that
updated the give your viewers and readers of our paper time to
time about the true picture of our market. We do not boast of our
caliber insight and a team writer that all the time they have provided true gauging of the market. However, most of the time, they
stand having an age over most of the analyst and so called economist. It is demand of the time to trade in the market having its
choppiness and at the peak of the last 2 years implied volatility.
We therefore advice our readers to trade with some strategy and
with that will give you one article in the next issue which will
teach you how to trade in such choppy market.
Editor
SENSEX
——
(SUPPORT—
9238/9127——
RESISTANCE—
9842/10126)
Technically sensex
looking sideways
for coming days.
The next major Resistance level of
sensex is 10301.
NIFTY —— (SUPPORT—2782/2647——RESISTANCE—2923/
3028)
Technically Nifty is also looking sideways for coming days. The
next major Strong Resistance in the nifty is above 2968 mark.
BHARTI AIRTEL LIMITED (SUPPORT—611——RESISTANCE—727)——BUY
stock looking strong Technically. Indicators showing good up move
for next few days. Traders can Buy cash and future for short term.
RELIANCE INDUSTRIES LIMITED (SUPPORT—1023——RESISTANCE—1235)——BUY
Stock is looking great to buy for short term traders and investors.
Traders can Buy cash and future.
SHORT TERM TRADING CALL
STRONG TECHNICAL BREAKOUT — STOCK WILL BLAST
IN SHORT TERM. BUY STOCK AND SEE THE PROFIT
STRONG BUY——( BSE CODE—523054 )
BINAYAK TEX PROCESSORS LTD
The outcome of the two-day G20
meet scheduled on Friday, 14
November-Saturday 15 November 2008 in Washington will set
the tone for the global markets
in the week ahead. Political uncertainty ahead of state elections
and uncertainty about a US Treasury plan to forgo buying bad
mortgage-related investments to
buy stakes in US lenders, may
weight on the domestic bourses.
The market may get support at
lower level on expectations of a
further cut in interest rates with
inflation falling to single digit.
Softening inflation will enable
the Reserve Bank of India (RBI)
to further cut interest rates to
create more liquidity in a slowing economy. Lower interest
rates boost stocks as they help
rise in corporate bottomline by
way of lower borrowing costs.
RBI has already signaled an
easier rate regime and cut a key
short term rate earlier this month
along with cuts in bank reserve
ratios to free up funds for lending.
Inflation, as measured by the
wholesale price index, declined
sharply to 8.98% in the week
ending 1 November 2008 from
10.72% in the previous week
mainly due to sharp drop in oil
prices
The investors will also keenly
watch developments at the G20.
The G20 political leaders in will
discuss ways to protect the global economy from a repeat of the
worst financial crisis in 80 years.
Prime Minister Manmohan
Singh, who left on Thursday
night, 13 November 2008 for the
G20 meet, is ready with his recommendation to tackle the global meltdown. Singh said International financial institutions like
the IMF and World Bank should
be strengthened to ensure that
the fallout on developing countries is minimal. He also stressed
that in a coordinated approach
towards monetary and fiscal policies, India plans to work in tandem with China, Brazil, Mexico
and South Africa within the G20.
The Indian economy is witnessing a slowdown after a strong
growth in the past three years.
In what will be a crucial and last
popularity test ahead of parliamentary elections due early next
year, six Indian states will elect
new governments in staggered
elections beginning Friday, 14
November 2008. If Congress
does well, the government may
use the momentum to call early
elections in February 2009. A
poor showing could see the government wait until April 2009 or
May 2009, the end of its term
India want FDI Investments more
very soon to Rupee become
Stronger. For this only few sectors will atrrect FDI.
1.
Retail: Allow 100% FDI
in Single Brand
2.
media & Entertainment:
Allow 49% FDI in Print media.
3.
Defence: At least allow
26% FDI in some part of defence.
In media Entertainment sector
already 100% FDI in movie .
OIL MARKEING COMPANIES:
IOC,HPCL,BPCL may soon start
earning profits again if crude oil
prices continue to fall in the global markets.
The Indian crude basket — the
benchmark for Indian refiners —
has fallen to $48.57 a barrel from
$147 a barrel three months ago.
Crude prices were under $50 a
barrel almost three years back in
early 2005.
The three public-listed refining
companies, which together command over 90% of the market had
slipped into the red in the second quarter of the current fiscal
following a continued rally in
crude oil prices.
Though the fall in crude oil prices
has come as a major relief, the oil
companies are under pressure
because of the falling rupee and
high interest rates.
calculations show that oil companies would begin making profits on their current operations if
crude oil continues to remain
between $50 and $56 a barrel,
provided the rupee does not fall
beyond the current level of 48 to
49 vis a vis the dollar..
The fall in crude oil prices will
also reduce the oil import bill significantly. A fall in the oil import
bill, which was being estimated
at over $100 billion for 2008-09,
would also augur well for the
trade balance, given that export
earnings are set to decline with
the global slowdown. If crude
oil prices continue to fall the
same way, the oil import bill
could be lower by about $20
billion.
I had written in Diwali issue to
buy HPCL,BPCL & IOC.
METAL SECTOR:
Metal companies in Q2 FY09 reported strong numbers, led by
higher steel realisations and
better than expected revenue
from by-products in non-ferrous companies. In our coverage universe of eight companies, except NALCO, all the
companies registered inline or
higher than expected topline
numbers. Steel realisations in
Q2 FY09 were higher ~10% qoq
despite price freeze announced
by the companies in Q1 FY09.
Steel producers’ OPM remained under pressure due to
the impact of higher coking coal
used (contract prices were up
200%).
Bottomline of most of the steel
companies were impacted by
MTM forex losses on their foreign currency loans. The credit
crunch in global markets led to
a sudden drop in demand for
the metal. This in turn led to a
rise in finished goods inventory by the end of September.
Non-ferrous companies’ topline
and PAT were aided by higher
than expected revenue from its
by-products. Most of the nonferrous companies’ OPM were
under pressure on account of
higher coal and power costs.
Avoid all metal sector for
atleast 3 quarters.Try to exist
in pull back rally.
World market complete in recession but be prepare for much
awiated bear market biggest
rally in this market. Don’t forget to read next week articles.
12-10-2008 to 19-10-2008
PRAJ INDUSTRIES
PRAJ was established in 1984 with the
objective of providing cutting edge solutions to the DISTILLERY INDUSTRY.
India was the starting point. Sugar industry in India is the backbone of the
rural economy. And, the future of this
industry lay in value addition by way of
co-products like Alcohol. Quality of Alcohol was the keyword. Praj focused on
quality of spirit with the introduction of
innovative technologies in fermentation,
distillation and wastewater treatment.
Praj applied classical mass and heat
transfer theory for more efficient separation of impurities during distillation
with the introduction of Bubble cap trays
and Hyper stat Grid Trays.
In 1991, Praj established an R & D Center. Many new systems have been developed in this R & D Center, resulting
in to seven patents.
Praj's expertise in fermentation and distillation was complemented by its expertise in wastewater treatment solutions.
In 1992 Praj's Sprannihilator System was
given an award by the Govt. of India,
Ministry of Chemicals & Fertilizers.
In 1993, Praj also introduced Brewery
Engineering, Plant & Equipment.
In 1994, Praj went public. Its maiden IPO
was oversubscribed seven times. Praj is
listed on the BSE and NSE in India.
Around this time, Praj also branched out
in the international market with orders
from Indonesia and Philippines
Today, Praj offers many more solutions
for distillery and brewery wastewater
treatment and utilization. PRAJ has also
spread it's reach beyond India to over
35 countries ... across 5 continents...
with over 350 references. Praj is perhaps
the world's single largest supplier of molasses based distillery technology, plant
and equipment.
Praj has also diversified its range of so-
SUZLON ENERGY
Suzlon Energy is Asia's leading manufacturer of wind turbine generators
(WTGs) having around 58% share of
India's domestic installations (in
1HFY07). The company is also among
the five largest manufacturers of WTGs
globally in terms of annual installed capacity. It is the first Asian company to
manufacture WTGs, which have MW
and multi-MW capabilities. The products manufactured by Suzlon include
rotor blades, control panels, nacelle
cover and tubular towers.
Suzlon enjoys cost advantages over its
global competitors by way of operating
7
GOOD
LONGTERM
BET
BSE Code : 522205
Current Price : Rs. 75.65
Equity : 36.69 Crore
lutions. Fermentation systems include
technology packages for multiple feedstock including cane-molasses, cane juice
and filtrate, starch based raw material like
corn, sorghum , wheat, tapioca, tropical
sugar-beet and many more.
Today, Praj's operations cover three continents including Asia, Africa and South
America through its own offices and to
other alcohol/beer producing countries
through its international operations out
of India.
Praj's manufacturing facility is accredited
with ISO 9001-2000 and ASME 'U' & 'H'
stamp for pressure vessels and heating
boilers.
"
Facility for metalworking in
Stainless Steel, Copper, Hastelloy and
higher alloys to international standards
including TEMA, DIN, Ad Merk Blatter,
BS and IS.
"
The Quality Assurance cell pursues stringent testing at various stages
of procurement and production. For every job, a Quality Assurance Plan is drawn
up and all inspection is carried out in accordance with this plan.
"
Approved by most leading Engineering Consultancies, the manufacturing facility is well connected by 'allweather' roads and is located 180 kms from
the Port of Mumbai.
Latest Results:
Praj Industries has announced its second
quarter results. The company's
standalone net sales were at Rs 199.7 crore
versus Rs 170.3 crore.
Its standalone net profit was at Rs 30.2
crore versus Rs 27.1 crore.
BSE Code : 532667
Current Price : Rs. 57.20
Equity : 299.64 Crore
manufacturing capacities in India. Also,
the company has a subsidiary for technology development in Germany and an
R&D facility in the Netherlands for rotor
blade molding and tooling. These factors
combine to provide Suzlon some kind of
competitive advantage in the technology
intensive and competitive global wind
power equipment market.
We believe that, apart from the cost competitive advantage that is inherent in the
wind generated power, the sector is also
likely to benefit from countries' increasing move towards adopting the Kyoto
Protocol towards reducing carbon-diox-
ide emissions by 2012. As far as Suzlon is
concerned, the company's leadership position in the domestic market and rapid
global forays on the back of manufacturing cost advantages and an integrated
supply chain are likely to stand it in good
stead over the long term.
Suzlon's strong business model in terms
of in-house technology and superior design capabilities has led to a consistent
increase in its market share. A bulk of
Suzlon's product requirements are manufactured at its Indian facilities, providing
it a significant cost advantage. Further
capacity expansion in the US and China
will help the company cater to the strong
global wind energy demand. It is also expanding capacity of Hansen Transmission, which obliterates concerns of gear
box supply.
With its people strength, aggressive vertical integration strategy, strong R&D program, expanding manufacturing capability and a clear focus on global high
growth markets, Suzlon is poised for continuing its story of breathtaking growth
GAIL
In current market uncertainty and financial turmoil, Gas Authority of India (Gail)
stands out as a low-risk investment option with immediate growth triggers.
Gail enjoys a monopoly status and an inherent pricing power in cross-country
natural gas transmission, as it owns
India's largest gas pipeline network. Reliance Industries' (RIL) natural gas, which
is expected to start, flowing from the
fourth quarter of FY09, will benefit Gail to
a great extent.
Natural gas is a
cheaper and
better alternative to liquid fuels and there is
a huge unmet
demand in India. As a result,
the company
will enjoy the
twin benefits of
sustainable
growth, while
keeping risks
low, even in
times of a global
financial turmoil
and economic
slowdown.
Gail's business
model is well-di-
the world over.
Its primary customers in India include
companies that have manufacturing facilities with high power consumption.
These companies have high profitability and seek investment opportunities
with stable returns. In India, Suzlon caters to leading corporate houses like the
MSPL Limited, Bajaj Auto Limited, Tata
Group and Reliance, to name a few.
Suzlon's order book position is a reflection of its strong market position and
consistency in delivering to their customers. Our order book stands at around
USD 4,335 million. Our domestic order
book position is for a capacity of 441
MW and international orders for 3,726
MW.
Latest Results
Suzlon Energy has announced its
Q2FY09 numbers. Its Q2 standalone net
profit stood at Rs 16.98 crore as against
Rs 355 crore.
The company's standalone revenues
stood at Rs 2,226.25 crore versus Rs
1,687.46 crore.
BSE Code : 532155
Current Price : Rs. 204.15
Equity : 845.65 Crore
versified as it operates in the entire natural gas value chain from processing,
transporting and marketing, to producing liquid hydrocarbons and downstream petrochemicals.
As part of its diversification in natural
gas-related businesses, it has invested
in liquefied natural gas (LNG), gas-based
power plants and gas retailing through
Continue on ...11
12-10-2008 to 19-10-2008
8
Dear friends, Friday-14-11-2008
than 1.9 per cent each.
Market commentary.
“Commodities companies are
suffering due to high volatility
in commodities prices. Exportoriented companies have also
taken a hit. So there is a lot of
uncertainty and markets may test
the October lows again,” said SA
Narayan, MD, Kotak Securities.
Despite a surge in global markets, domestic concerns
weighed on the Sensex on Friday. The
Benchmark index ended 150
points lower at 9,385 after shedding early gains. The broader
benchmark Nifty lost 1.3 per
cent ending at 2,810 levels.
The markets remained choppy
throughout the day, reaching an
intraday high of 9,826 and a low
of 9,267. A single-digit inflation
and a sharply higher Asian markets saw Sensex rallying in the
early trade but gave up the
gains as concerns surfaced over
domestic growth and corporate
earnings.
News reports said that Citi has
cut India’s growth forecast to
below 7 per cent. Another brokerage CLSA warned of Infosys
not meeting its dollar guidance.
Many telecom stocks ended
higher on hopes that their valuations may get ramped up after
the recent stake sale by the Tata
Tele to a Japanese firm.
The midcap index on the BSE
ended 2 per cent lower while the
small cap index lost 1.3 per cent.
Asian markets gained in the
wake of Wall Street’s overnight
surge as investors bought up
beaten-down shares and world
leaders gathered in Washington
to discuss ways to tackle the global financial crisis.
tals,” he said. “It’s to do with liquidity and investors have been
rushing for the exit, selling
shares because they need cash.”
In early European trading,
Britain’s FTSE 100 and
Germany’s DAX were both up 3
percent, while France’s CAC 40
was up nearly 2 percent.
G-20 Summit
George Bush finds himself isolated on the world stage during
a photo session at the G20 summit. Photograph: Jason Reed/
Reuters
Gordon Brown today said world
leaders at an emergency summit in Washington are making
progress towards a response to
the current global economic
turmoil.
The prime minister, who has
emerged as a point man in the
financial crisis, said it was pos-
“There is huge uncertainty in
markets and nobody really
knows how things are going to
pan out. Short selling is also
coming from time to time,” said
Upendra Kulkarni, director &
CEO, Fortress Financial Services.
Japan’s benchmark Nikkei 225 Email : [email protected]
stock average
rose
223.75
points, or 2.7 percent, to 8,462.39,
and
Hong
Kong’s Hang
Seng advanced
321.31, or 2.4 percent, to 13,542.66.
On the BSE, capital goods index led the decline, shedding
4.2 per cent. Prominent losers
in the pack were Everest Kanto
Cylinder, Crompton Greaves
and Praj Industries.
Mainland China’s key index rose
3.1 percent, while markets in
Australia and Singapore rose
above 1 percent. South Korea’s
Kospi ended flat after giving up
an early rise.
Other major losers among the
sectoral indices were auto,
metal and consumer durables.
The advance across most of
Asia followed a volatile Thursday on Wall Street, with an
abrupt turnaround muscling the
Dow Jones industrial average up
more than 550 points, or 6.7 percent, to 8,835.25, after a stream
of negative economic and corporate news drove the index to
its lows for the year.
The auto index on the BSE shed
4 per cent. Tata Motors fell 8.5
per cent and was the biggest
loser in the pack.
The metal index lost 3.3 per cent
while the consumer durable index fell 3.1 per cent.
Among the Sensex scrip, ACC
was the biggest loser, down 8.9
per cent. Other major losers
were Tata Motors, Tata Steel
and Housing Development Finance, shedding more than 4.9
per cent each.
”Professional investors are taking advantage of dips as a shortterm trading strategy but we are
not seeing long-term money
coming back into the market,”
said Mahendran Arjuna, HSBC
Private Bank’s chief investment
strategist for Asia in Singapore.
Top gainers among the Sensex
stocks included Bharti Airtel,
Tata Power Company and
RCom, all gaining surging more
”From a fundamental perspective, markets are at levels we’ve
seen in previous recessions but
this is not to do with fundamen-
sible to get a timetable for immediate reforms of the financial and
banking system.
“If my sense of last night is right,
at a next meeting, plans for the
detailed reform of international
institutions will be brought forward,” Brown said, speaking at
the British ambassador’s residence in Washington.
Brown, one of 20 leaders from the
world’s leading economies meeting in Washington, said he expected details to be tabled early
next year, most likely at a followup meeting likely to be held in
April.
In the short term, Brown said the
assembled leaders would agree
on “quick action results” on tax
cuts and public spending increases. The prime minister is
pushing the idea of immediate
and coordinated tax cuts – as
well interest rate cuts - to prevent the global economy sliding
deeper into recession. The prime
minister has argued that interest
rate cuts alone are insufficient to
stave off a slump and that the
impact of tax cuts or higher public spending will be diluted if carried out by only a handful of
countries.
The US president, George Bush,
agreed that progress had been
made but said the crisis has not
ended and much work needs to
be done.
In a radio address, the US president-elect, Barack Obama, said
he was pleased that George Bush
had brought world leaders to
Washington to discuss turmoil
in the financial markets “because
our global economic crisis requires a coordinated global response”.
The Washington summit, meant
to be the first in a series, was arranged to discuss steps to deal
with what policymakers describe
as the worst economic crisis
since the Great Depression in the
1930s. US retailers
reported a record
fall in sales last
month and the
chairman of the
Federal Reserve,
Ben Bernanke,
hinted at another
interest rate cut to
encourage consumers to spend.
table comparisons to the 1944
Bretton Woods meeting when
44 countries gathered in New
Hampshire to devise the postwar international monetary system. But most analysts believe
that “Bretton Woods II” will resemble its predecessor only in
the scale of the crisis.
With US unemployment at its
highest level in 25 years, the
euro zone in recession and Chinese growth slowing, the challenges confronting the global
economy are daunting. But the
expectations are limited for what
will emerge from five hours of
discussions. Two years of work
went into the original Bretton
Woods, compared with a month
of scrambled preparations for
this summit. “There hasn’t been
enough preparatory work for
this summit to come up with any
systemic recommendations,”
said Dani Rodrik, a professor of
economics at Harvard University.
Brown acknowledged disputes
over how, and how fast, to reform international financial institutions such as the IMF and
World Bank. “There are very
different points of view about
what should be done, different
interests represented here, different policy positions,” he
said.
But even as world leaders met in
what is the largest collection of
presidents and prime ministers in
almost a decade, doubts were
raised that it would achieve anything beyond immediate moves
to stimulate the world economy
and an agreement to meet again.
But the prime minister added
that today’s talks could see a
breakthrough in the long-running Doha round of trade talks
that have bogged down in an
argument between rich and developing nations over access to
markets.
Economists warned that hopes
of a major push on creating new
global regulatory systems would
almost certainly be dashed. The
meeting had been too hastily
convened, was raven by too
many internal contradictions and
was too hampered by the power
vacuum in Washington to
achieve instant results. “I’m confident that not much concrete
action will come out of it,” said
Brad Setser, a former US Treasury official and expert on geoeconomics at the Council on Foreign Relations.
“I am determined that the world
economy is stronger, that we
show leadership,” Brown said.
“When markets seize up and investors are not there, the only
people who can show leadership to build confidence are
governments and they must
work together.”
The fact that the gathering
brings together representatives
of about 85% of the world’s
economy has prompted inevi-
Brown also hit back at George
Osborne, the Tory shadow
chancellor, who said government plans to borrow more,
risked a run on the pound.
“I regret the partisan talk from
the opposition,” Brown told the
BBC. “When other countries are
Continue on ...11
12-10-2008 to 19-10-2008
9
charts, which confirms the weakness in
the market.
FUNDAMENTAL
Conti. from ..1
BHARAT FORGE-Dly .11/08/08-14/11/08 N-423
Price
TREND
F 14/11/08
260
240
220
O
H
L
C
V
106.00
107.90
101.40
102.20
327.27
200
180
Market has broken the low of the previous week and closed below it. Majority
of the index heavyweights have shown
weakness in the chart. Sectors like IT
which had outperformed the market until
now, will fall faster and harder than the
market.
Market Bottomed or not is
not a question
DINESH ARVIND PAWAR [Thakur]
Mo. 09822050949 [5 pm - 7 pm]
e-mail – [email protected]
blog site – http://360.yahoo.com/dinu_pawar
160
Expect strong Nifty support at 2502 and
2288. If the previous low is not violated
then one can expect some relief in the
market.
140
120
100
Support Level
08
S
O
N
105 with stop loss of 100 with the target
of 128 and 136.
ITC Future (170) : At this level ITC is facing resistance of 178. One can short sell
ITCL_N-Dly .16/09/08-14/11/08 F-20218
Price
TREND
F 14/11/08
195
190
185
180
Resistant Level
178.07 175
O
H
L
C
V
172.05
173.80
166.15
170.20
8788
170
160.38
154.91
149.72
160
155
145
140
08
O
135
with stop loss of 178. It can go down up
to 160 154 in coming days.
Bank of India (277.30) : At this level this
BKIN_N-Dly .10/09/08-14/11/08 F-51521
Price
TREND
F 14/11/08
300
291.77
290
280
O
H
L
C
V
277.00
282.80
270.00
277.30
10853
270
254.94
260
243.56
250
232.76
240
230
220
210
08
O
195.35
195.35
N
200
stock is facing resistance of 292. One can
short sell with stop loss of 292. It can go
down upto 254 – 243.
LION’S ROAR
Conti. from ..1
pected IIP numbers. If any of the above
news had come in the Bull phase, then
one could have expected a strong upwards rally but not now.
The market can expect some good news
next week in the form a rate cut from the
RBI and a fuel price cut on the
back of drastic fall in the crude
prices.
MARKET TECHNICALS:
Market Technicals suggest
continued weakness. So any
pull back will provide you with
a selling opportunity.
Nifty has formed a Bearish
Harami pattern on the weekly
For the Sensex, the Trendline Support is
at 9200-9103 and the Trendline Resistance
is at 9433-10058-10544.
For the Nifty, the Trendline Support is at
2761-2502 and the Trendline Resistance
is at 2815-3046.
Sensex Resistance 9558-9870-1005810544. Support 9261-9103-8739.
Nifty Resistance 2867-2975-3046-3161.
Support 2746-2629-2502-2288.
165
150
131.75131.75
N
Nifty Strikes of 2700 and 2500 has seen
good amount of Put writing, which will be
acting as strong supports. Nifty Strikes
of 3000,3100 and 3200 has seen good
amount of call writing, indicating the presence of resistance at those levels.
LAST WEEK'S RECOMMENDATIONS:
Once again almost all target were achieved.
I B Real just missed the target. Other wise
a terrific performance. The two super stars
of this week were Tata Tele ( up by 35%!!)
and Deccan Chronicle (up by more than
24%!!).
Buy Tata Tele 16 SL 15 Tgt was 20
Reached 21.
Buy Deccan Chron 45 SL 42 Tgt was 52
Reached 56.
Buy I B Real 157 SL 143 Tgt was 167
Reached 162.
Buy IVRCL Infra 138 SL 128 Tgt was 152
Reached 160.
Buy Rel Ind Infra 428 SL 411 was Tgt 453
Reached 478.
Buy Century Tex 200 SL 191 Tgt was 212
Reached 230.
Buy Union Bank 155 SL 147 Tgt was 162
Reached 161.
THIS WEEK'S RECOMMENDATIONS:
Sell Praj Ind 70 L 76 Tgt 63-49.
Sell EKC 171 SL 180 Tgt 161-149.
Sell HCL Info 64 SL75 Tgt 54-48.
Sell Infosys 1212 SL 1252 Tgt 1176-11601126.
Sell Tata Chem 162 SL 169 Tgt 152-147.
Sell L&T 791 SL 822 Tgt 765-747.
WATCH OUT FOR:
Last week - Market moved like a well behaved student, on first day it closed at the
upper limit of weekly range and returned from there to close around trend point next
day, started it down journey later and finished week at lower end of our weekly
trading range. Market made two unsuccessful attempts to break resistance line
connecting March and July low. This week our all UP trend stop-losses are get
triggered.
For Next week –
Investor Type
Chart type
Trend
Stoploss
Derivative,
Swing
Short term
Medium term
MF holder
Long term
Buy Hold
Daily
Weekly
Biweekly
Monthly
Quarterly
Yearly
Bi-annual
DOWN
DOWN
DOWN
DOWN
DOWN
DOWN
DOWN
2850
2880
3030
3350
3850
4100
3050
This week market daily close trading range will be between 2600 – 3000 i.e. trend
point of 2850 and weekly range with +/- 150. Nifty 50 and 200 days SMA stands
around 3600 and 4400 respectively, which are far away. Target for current downtrend
works out to be at 2400 for Nifty on Point and figure chart.
For me, bottom is formed or not important because even after bottom formation
investor need to get 50% more return than FD considering principal of higher risk
higher reward involved in equity. What is more important now is with negative
fundamental news even market bottom out it will take time to recover and need
many years to
give better returns than FD
and Gold for
long term investor.
As
many
people say nobody can catch
top or bottom.
Literally, it is
true, but it is
half truth, because while
trade or on
chart any top or
bottom
is
formed in a
minute. So we
should leave it
to the intraday trader, here as a so called long term investor we should try to catch
and get that day or week or month or even quarter when top or bottom is formed. If
we consider top and bottom of previous rally, any one who had invested anytime in
Q2 or Q3 of 2003 and exited at Q1 2008 is had made good profit than any other
investor, even buy and hold investor. Because for Buy hold investor at current
value index is giving equal or negative return if compared to FD. Only few well
managed Equity funds are giving more return than FD/ or debt oriented MIP. Buy
and hold strategy is applied only to those selected well chosen fundamentally good
stocks or blue chips. And in-fact we should get returns % not only annualized but
also adjusted to FD and even to gold.
As a Investor we should we have to analyze all type of asset class for investment
and built our portfolio accordingly.
12-10-2008 to 19-10-2008
10
to 629-617 on breaking 645. On
KOTAK BAZAR
Conti. from ....9
weekly :
coming together for a common purpose I think it is the duty of
politicians to show responsibility and to show leadership.”
It can give you upper target of 711-775 once close above 660. In any
case if fail to survive above 660 during the week, weekly lows can be
597-552.
(2) CAIRN
Close : 141
Daily :
Survival above 142 can give you upper target of 147-153 else can fall
to 135-130 on breaking 139.
weekly :
It can give you upper target of 158-176 once close above 147. In
any case if fail to survive above 147 during the week, weekly lows
can be 127-114
(3) RELIANCE
Close : 1146
Daily :
Survival above 1143 can give you upper target of 1198-1237 else can
fall to 1091-1042 on breaking 1137
weekly :
It can give you upper target of 1274-1402 once close above 1180. In
any case if fail to survive above 1180 during the week, weekly lows
can be 1053-967
(4) RCOM
Close : 218
Daily :
Survival above 222 can give you upper target of 230-242 else can fall
to 210-203 on breaking 215.
weekly :
It can give you upper target of 240-261 once close above 147. In
any case if fail to survive above 210 during the week, weekly lows
can be 202-187
Daily Chart BSE/ NSE Friday 14-11-2008
Weekly View:
Nifty :
Close :2810
Nifty has just closed around 61.8 % Retracement level of earlier
support of 2253. Falling below 2250 may drag Nifty to 2097 Levels.
And survival above 2800 level can give Nifty next level of 3167.
On daily chart, Nifty having Pivot of 2844 with Intra day Support of
2747-2678 and Resistance level of 2911-3017. More of a down trend
looks possible since good IIP data and low inflation levels have
failed to take Nifty on upward move.
Weekly
movements
07-11-2008
14-11-2008
+
-
SENSEX
NIFTY
Trend
9964
2973
Down
9536
2810
Down
-428
-163
……..
Trading ideas for Monday and the week ahead
(1) Bharti Airtel :
Close : 647
Daily :
Survival above 652 can give you upper target of 672-687 else can fall
BUZZING STOCK
Conti. from ..7
city gas distribution (CGD)
projects. Its wholly owned subsidiary, Gail Gas, is setting up a
compressed natural gas (CNG)
corridor on the country's national highways.
The company is already connected with all the natural gas
supply points - Dahej and Hazira
in Gujarat, Uran in Maharashtra
and now Kakinada in Andhra
Pradesh. This makes it a natural
transport partner for any large
producer or consumer of natural
gas. Gail is now laying pipelines
on the west coast, which will
connect future LNG terminals at
Dabhol and Kochi to the national
gas grid. In a bid to diversify
geographically, the company has
gone to countries like China and
Mongolia to implement CGD
projects.
Gail produces liquefied petroleum gas (LPG) - one of the
heavily subsidised petroleum
products in India - and has to
suffer a portion of the under-recovery. However, over the past
couple of quarters, Gail's subsidy burden has remained flat,
despite the spurt in global oil
prices, which is directly helping
its liquid hydrocarbons business. We expect that even in future, Gail's subsidy burden will
remain at present levels, which
will allow the company to post
decent profit growth.
At present, the company transports over 82 million metric standard cubic metres per day
(mmscmd) of natural gas, produces 1.3 million tonnes (mt) of
liquid hydrocarbons, including
LPG, and nearly 4 lakh tonnes of
polyethylene. The company has
recently expanded its polyethylene capacity by 25% to 5 lakh
tonnes, which will be gradually
scaled up to 8 lakh tonnes.
Gail has embarked on an ambitious plan to invest over Rs
28,800 crore by '12 to expand capacities in areas such as pipelines, exploration & production
(E&P), petrochemicals, city gas
projects, LNG etc. This entails
doubling the natural gas transmission capacity, covering over
200 cities under CGD, 60% expansion of petrochemicals capacity and expanding LNG terminals.
The company's LPG and liquid
hydrocarbons business, which
was making losses in FY07, has
witnessed substantially superior
profit margins in FY08; in the first
quarter of this year, its profit
margin touched nearly 40%. Similarly, the natural gas transmission
business is showing a steady increase in profit margins. The
company recently issued bonus
shares in the ratio of 1:2. If the
company maintains a 100% dividend policy, as in the past three
consecutive years, its dividend
yield will be a decent 4% at the
current market price (CMP).
Latest Results:
GAIL India has decalred its second quarter results. The
company's Q2 standalone net
sales were up at Rs 6,129.28 crore
versus Rs 4,528.90 crore. YoY.
Its standalone net profit at Rs
1,023.45 crore versus Rs 572.54
crore,YoY.
12-10-2008 to 19-10-2008
11
Madhav Ranade
(M) 09371002943 or
email :
[email protected]
You have seen the trading levels
last few weeks and how good they
worked …….. Full list covers about
60 stocks. These levels will be
available only to my yahoo group
paid members.
Trading levels for
17 th / 21 th November 2008
government may announce as per
commitments made at G 20 meet.
Our economy is plagued by short
term foreign currency debt raised
by corporates – in the form of ECBs
and FCCBs - and white sharks are
lurking to pounce when huge repayments have to be made over the
next 8 months upto mid 2009 putting severe pressure on foreign exchange reserves and correspondingly the exchange rate.
We had a truncated week – 4 day
trading week and Monday was a 6
% plus day. Inspite of that we managed to close the week 5 % down.
That shows that what I had stated
about not being convinced about
the upmove is absolutely correct.
FIIs have resumed selling as expected and retail investors are running helter-skelter for cover.
I am looking at a rather grim 2009
and must state that CASH IS ABSOLUTELY KING.
G 20 meeting over the weekend
holds the key – it seems. But I am
very skeptical about any kind of
monetary or fiscal stimulus that the
I feel the 27th October lows may hold
in the short term but in the medium
term we are bound to seek new lows
and much lower lows.
Stocks
Commodities
WEEKLY SUPPORTAND RESISTANCE LEVELS
FROM 17 November TO 22 November 2008
ANURAG GUPTA
MOBILE : 9255191643
Email : [email protected]
SYMBOL
NF NOVEMBER
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
DLF FUTURE
DIVISLAB FUTURE
DRREDDY FUTURE
EDUCOMP 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
ICICIBANK FUTURE
INDIACEM FUTURE
INFOSYSTCH FUTURE
IOC FUTURE
ITC FUTURE
IVRCLINFRA FUTURE
JSWSTEEL FUTURE
LT FUTURE
M&M FUTURE
MARUTI FUTURE
MTNL FUTURE
NDTV FUTURE
ONGC FUTURE
ORIENTBANK FUTURE
PARSVNATH FUTURE
PRAJIND FUTURE
PUNJLLOYD FUTURE
PFC FUTURE
PATNI FUTURE
RANBAXY FUTURE
RELINFRA FUTURE
RELCAPITAL FUTURE
RELIANCE FUTURE
RPOWER FUTURE
RNRL FUTURE
SATYAMCOMP FUTURE
SOBHA FUTURE
SBIN FUTURE
TATAMOTORS FUTURE
TATAPOWER FUTURE
TATATEA FUTURE
TCS FUTURE
TATASTEEL FUTURE
TITAN FUTURE
TATACOM FUTURE
UNITECH FUTURE
WIPRO FUTURE
ZEEL FUTURE
CLOSE
2809.95
169.25
455.20
419.35
278.05
664.00
398.45
1282.60
191.60
315.80
187.90
185.00
188.65
85.75
240.20
1201.90
406.95
2386.50
201.20
1021.80
151.25
1566.20
1011.45
117.40
726.25
233.85
65.10
66.80
18.70
219.35
396.95
82.90
1216.85
369.40
170.20
115.75
274.90
786.30
334.40
591.70
71.65
86.70
695.75
149.20
43.75
70.15
183.50
105.60
128.60
214.80
513.35
583.40
1143.55
107.20
49.90
261.55
100.40
1169.70
132.30
746.55
518.30
530.50
172.45
864.20
487.30
42.40
242.00
111.25
TREND
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
FLAT
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
RES2
3327.32
208.42
579.73
532.45
312.68
704.00
452.78
1624.93
246.27
353.83
211.83
246.27
221.32
92.45
326.30
1354.43
444.78
2879.80
229.67
1179.13
184.75
1900.67
1159.42
143.70
784.62
262.95
76.73
72.63
22.77
240.15
528.58
95.60
1418.95
398.33
183.37
176.72
333.97
993.73
426.43
669.03
78.42
114.23
864.35
163.80
54.48
97.08
231.63
125.53
152.73
247.53
669.12
757.53
1410.25
129.77
58.47
318.52
122.13
1391.47
183.50
880.12
552.97
574.70
234.18
982.47
531.70
63.07
294.47
160.85
RES1TREND LEVELSUPP1
3068.63 2919.32 2660.63
188.83
176.42
156.83
517.47
480.73
418.47
475.90
445.45
388.90
295.37
284.68
267.37
684.00
667.75
647.75
425.62
410.33
383.17
1453.77 1354.68 1183.52
218.93
202.42
175.08
334.82
317.78
298.77
199.87
189.93
177.97
215.63
198.82
168.18
204.98
195.37
179.03
89.10
86.55
83.20
283.25
257.65
214.60
1278.17 1216.73 1140.47
425.87
414.93
396.02
2633.15 2479.25 2232.60
215.43
207.22
192.98
1100.47 1040.78
962.12
168.00
157.90
141.15
1733.43 1626.77 1459.53
1085.43 1036.27
962.28
130.55
118.60
105.45
755.43
733.82
704.63
248.40
238.95
224.40
70.92
66.88
61.07
69.72
66.68
63.77
20.73
19.62
17.58
229.75
213.95
203.55
462.77
406.18
340.37
89.25
85.20
78.85
1317.90 1252.95 1151.90
383.87
368.53
354.07
176.78
171.47
164.88
146.23
129.72
99.23
304.43
287.47
257.93
890.02
834.08
730.37
380.42
348.48
302.47
630.37
594.33
555.67
75.03
71.32
67.93
100.47
93.03
79.27
780.05
730.30
646.00
156.50
152.20
144.90
49.12
46.23
40.87
83.62
76.03
62.57
207.57
192.83
168.77
115.57
108.53
98.57
140.67
131.93
119.87
231.17
220.33
203.97
591.23
549.12
471.23
670.47
622.28
535.22
1276.90 1181.45 1048.10
118.48
112.12
100.83
54.18
51.22
46.93
290.03
271.02
242.53
111.27
105.13
94.27
1280.58 1211.12 1100.23
157.90
144.25
118.65
813.33
765.17
698.38
535.63
522.87
505.53
552.60
533.90
511.80
203.32
186.93
156.07
923.33
889.87
830.73
509.50
482.25
460.05
52.73
46.67
36.33
268.23
250.67
224.43
136.05
122.90
98.10
SUPP2
2511.32
144.42
381.73
358.45
256.68
631.50
367.88
1084.43
158.57
281.73
168.03
151.37
169.42
80.65
189.00
1079.03
385.08
2078.70
184.77
902.43
131.05
1352.87
913.12
93.50
683.02
214.95
57.03
60.73
16.47
187.75
283.78
74.80
1086.95
338.73
159.57
82.72
240.97
674.43
270.53
519.63
64.22
71.83
596.25
140.60
37.98
54.98
154.03
91.53
111.13
193.13
429.12
487.03
952.65
94.47
43.97
223.52
88.13
1030.77
105.00
650.22
492.77
493.10
139.68
797.27
432.80
30.27
206.87
84.95
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
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.
12-10-2008 to 19-10-2008
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.
BUY NIFTY FO @ 2700
SL 2680 TGT @ 3000
BEFORE Nov. 2008
SENSEX – 9385 as on 14/
11/08
Dear Friends,
to be in Rangebound
Sensex has resistance at 9450
Level with highly Volatile
Trend; above which other resistance levels are at 9600 In
downside support levels are at
9200 levels; below 9200 level,
other support levels are at 9005
levels. I am negative for next
week
FUTURE-PLATINUM
1
2
3
4
5
HDIL : (117) : Buy at Rs.112 with SL of RS.105 for the
target of Rs.140 level below Rs.102 it can show further
downfall.
Tata Power : (746) : Buy at Rs.740 With SL of RS.730 for
the target of RS.785 level below Rs.725 it can show further
downfall up to Rs.720
SBI : (1170) : Buy at Rs.1165 with SL of RS.1150for the
target of RS.1225levels below Rs.1440 it can show further
downfall up to RS.1120
R com : (220) : Buy at Rs.215 with SL of RS.208 for the
target of RS.240 levels below Rs.205 it can show further
downfall up to Rs.199
Financial Technology :(689) : Buy at Rs.675 with SL of
RS.665for the target of Rs. 740 levels below Rs.660 it can
show further downfall.
SMALL SAVING STARS
1.
2.
3.
4.
5.
DCM :(24) : Buy at 22 with SL of Rs.20 for the target of
RS.32
Amarjyoti Spinning :(20):It is suggested to buy with SL of
RS.17 for the target of RS.28 below at RS .16 it can slip up to
RS.12 level. Crossover above Rs.29 evel will take the stock
to Rs.35
Balaji Disti : (18) : Buy at Rs.16 with SL of RS.14 the target
of Rs.27 levels below Rs.12 it can show further downfall.
Sarda plywood :(24) : Buy at Rs.22 with SL of RS.20 for the
target of Rs.32 levels . It is very good for long term position
also.
Alembic: (36) : Buy at Rs.33 with SL of RS.30 for the target
of Rs.45 levels below Rs.28 it can show further fall.
below 8800 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
10,200 again then the upper
side target is quite high and it
may touch 10,900 before
Nov. 2008!!! One can go for
buy at those levels also, but in
absence of that its time to book
profits. This is a pessimistic
outlook but that’s the way we
tend to be, in this market.
NIFTY FO – 2810 as on 14/
11/2008
NIFTY FO has resistance at
2850 Level ; above which
other resistance levels are at
2980 Level with highly Volatile
Trend, In Downside support
levels are at 2750 Levels; below 2700 level, other support
levels are at 2620 levels. I am
negative for next week below
2750 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 NIFTY
crosses 3000 Level, again
then the upper side target is
quite high and it may touch
3200 Level before Nov.–
2008...!!! Here is given Some
GLODEN STOCKS for the
week.
DIAMOND STOCKS
FOR THE WEEK
1.
R T S Power : (124) : Buy at Rs 120 levels considering
minor support of Rs 118 and stoploss of Rs.116 for an
upper target of 150 levels. Below Rs.115 it can slide upto
112 and RS.110 and RS .108 levels.
2. Castrol : (298) : Operator based buying has been there in
this stock. It is suggested to buy at RS.285 with SL of RS.280
for the target of Rs.330 below RS.275 it can fall up to RS.270
levels. If it crosses Rs.335 level than expect non stop rally
up to Rs.355
3. P V P Veuture :(40) : This stock is looking very good to
buy at Rs. 38 with SL of RS.35 for the target of RS.52 levels
below Rs. 33 stock shall witness free fall.
4. Cyber Media : (28) : Buy delivery of this stock at current
levels with SL of Rs.26for the target of Rs.39 level. It is very
good for long term position also.
5. Tudor India : (49) : Buy at Rs.48 with SL of Rs.45 for the
target of Rs.62 levels below Rs.43 it can show further fall.
6. J L Morison : (180) : Technically accumulation in this stock
has been at these levels. Buy at Rs.175 with SL of RS.170
for the target of RS.210 levels. It is very good for short to
medium term.
7. Usher Agro : (140) : Buy at 135 With SL of RS.130 for the
target of RS.165 level. It is very good for medium to long
term investment.
8. Taneja Acrospace : (31) : Buy at Rs.30 with SL of Rs.27 for
the target of RS.40 levels. It is very good for medium to
long term investment.
9. U B Engineering : (48) : Buy at Rs.45 with SL of RS.42 for
the target of RS.52 levels . It is very good for medium to
long term investment.
10. Alfred Hersal: (96) : Buy delivery of this stock at current
levels with SL of Rs .90 for the target of 120 level. It is very
good for long term position also.
Build strong porffolio for longterm