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• Vol. I • Issue : 30 • Date : 21-9-2008 to 27-9-2008 • Editor : Narendra Joshi • Sub.Editor : Sharad Kotak • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
Don’t miss this buying
opportunity
Booster dose from Bush
Markets came out of
ICU Unit - but still
under observation
It was very difficult week with
full of Actions. Not only our
Sensex and Nifty but indices all
over the world dance with the
US news. Lehman brothers filing for bankruptcy after failing
to find any suitor and Me Lynch
rescued by Bank of America and
AIG take over by the US Govt.
the financial crisis surfaced in
USA and shook the whole
world in the equity market. But
after the some relief package
from US govt. the capital mar-
ket of whole world bounced back
and closed from Bush the equity
markets of whole world came out
of ICU unit, but still they are under observation. Benchmark
sensex after touching the low of
12558, it closes 14042 with marginal gain of 42 points, while
NIFTY also closed on 4245, on
Thursday it touches the low of
3799.Our market also gain on
weekly basis after losing three
week.
The market will also eye development on the Indo-US nuclear
deal. US congress aims to vote
on deal before it adjourns in
week’s time says reports from
Washington. The civil nuclear
agreement between the US and
India, if approved, is seen as a
milestone in bilateral relations
and will give India access to
Western technology and cheap
Continue on ...6
BULL DANCE ACROSS
THE GLOBE - 19/09/2008.
12514." Sounds prophetic as
Please allow me the liberty to
quote a technical statement the market did go dangerously
from the last week's article low and sought the exact lower
support be"Both Sensex and Nifty are l e v e l
f
o
r
e
staging a
giving a bearish head and
shoulder pattern break-out on d r a the downside. The
-SHOBHA
implications Email :
will be dan- [email protected]
gerous as
the Sensex SHAHENSHAH OF FINANCIAL JUNGLE
seeks lower
levels of 13458-13042- matic recovery. This statement
ALL THE U.S.
BANKS GOES
BUST IN THIS
MAGAZINE!!
Continue on ...10
IN LOVING MEMORY
DEAR MANISH ,
IT’S ALREADY TWO DECADES PASSED BUT STILL
YOUR MEMORIES ARE
KNOCKING US WE STILL
FEEL YOUR PRESCENCE
AROUND US , MAY LORD
ALMIGHTY REST YOUR
SOUL IN ETERNAL PEACE.
MANISH JOSHI
CULPRIT DIPAK AMIN
has been quoted above not to
praise me or my article, but it
is to drive home the point that
using technical analysis one
could successfully predict the
market with pretty high level
of accuracy.
Last week was full of horror
and drama for the global financial markets. Markets faced the
biggest crisis of the century.
Global markets were on the
verge of collapsing, but just
LOVING
NARENDRA JOSHI
DEVLAXMI JOSHI
AND
THE ECONOMIC REVOLUTION [Weekly] FAMILY
24 Sep, 1973
to 27 Sep, 1988
In last week market
ran random but finally turned up ward
strongly. Very few
Rupesh Patel
Phone : 09974747485
could buy due to unacceptable market www.GurukrupaCapital.com
movement. Trader
should avail benefit of down side
retracement. Long term investor
can add technically strong scrips
in their portfolio.
S&P CNX NIFT-Dly .14/07/08-19/09/08 I-8699
Price
Nifty (4245): After checking a
very strong bottom of mid July
nifty reversed upward speedily.
If retracement takes place then it
can come down up to 4031 and
then 3976 for correction.
TREND
4600
4500
4400
4300
4262.70
4200
4031.65
3976.20
4100
4000
3900
08
A
S
3800.61
3800
Adlab(404.30): It has turned up
after taking support near previContinue on ...10
MARKET WILL FOLLOW USA
Last week was unique
in the history of Indian
stock market. Never
before have I seen a
rise of 1500 points in
just two sessions in a
bear market.
The cue this time was
rise in the US markets after sharp
fall in early part of the week.
There is still a major crisis in the
us financial market which may
take some time to go away.
The next week may also follow a
pattern in India as it will in the
USA.There is close connection
between the two markets now,
and this week also we may see
Indian markets follow USA.
There is a possibility that if
there is a perception in the USA
that the government steps have
acceded to stop the financial
service crisis from us calamity,
we could see15000 mark on
sensex.
SUBSCRIBE TO SURE SHOT
NEWS BASED EQUITY/
F N O INTRADAY/
1 DAY CALLS
Visit : www. eqimasterindia.com
OR CALL +919724309469
If you are not earning, you are losing
21-9-2008 to 27-9-2008
2
BUY IN BIPS WHEN MARKET CRASHES 7% TO 10%
Last week was day hell for investors and traders. On the opening
itself on last Monday we saw a huge sell-off which paralyzed all the
sector not only in our country but also globally. American based
Lehman Brother and the biggest insurance company AIG was forced
to have financial aids
form Federal Reserve.
This led to a sell off in
all the world markets.
Federal Reserves
pumped 180 trillion
dollars to revive the
whole financial sector.
This led to a fine close
off at the week end and sensex
once again coming towards 14000
mark and Nifty above 4250 levels.
Globally all the economist are little positive by this step led by American government and hope it will revive the financial sector. The
Federal Reserve has prevented the short sell in financial companies.
This led to a significant rise in the markets and closed almost around
4 to 4.5 % on the upper side. All the markets in world took a positive
step and were almost up. Shangai market was 10% up, Hang Sang
was 9.60% up, Jakarta & Taiwan were nearly 5.7% up, Korean market
was 4.55% up and Nikkei was 3.75% up.
Dollar breached Rs.47 and made rupee more weaker but yesterday
after a good fall rupee also gained some strength and closed around
Rs.45.5. Crude also shoot up to 103 dollars at the week end showing
some firmness but have some resistance around 105 dollars.
Sensex on the lower side will find good support at 13786 & 13450
and on the upper side will face some resistance at 14786 to 15150 and
above 15150 with further move towards 15450. On the other hand
Nifty has good support at 4150 & 4100 levels and on the upper hand
it has resistance at 4320 & 4450.
Global Market Important level :
OUR LAST WEEK’S CLASSIC
CALLS:
DOWJONES
NASDEQ
S&P
FUTSI
HANGSANG
NTPC
:
TTML
:
TATASTEEL :
STER
:
ANASALINFRA
:
:
:
:
:
10450
2010
1133
4850
18100
Hi183
High26.50,Lo22.15
High518,Lo438
Hi499.
: High91,Lo69
CURRENT WEEK’S CLASSIC CALLS:
AIG ENNG.
:
KTK BANK
:
RELIANCE
:
HERO HONDA :
SATYAM COMP. :
SELL AT 1560 , SL 1574 , Tgt 1530 TO 1505
SELL AT 143 , SL 146 , Tgt 138 TO 133
BUY AT 2055 , SL 2030 , Tgt 2100 TO 2146.
BUY AT 830 , SL 813 , Tgt 853 TO 875.
BUY AT 370 , SL 360 , Tgt 395 TO 410.
Commodity Update
Last Week’s Commodity Classic call :
: To Sell with SL 11450, Target 11150 to 11000.
(Lo 11438, Hi 13511)
Crude : To Sell with SL 4850, Target 4650 to 4425.
(Lo 4251, Hi 4714)
Silver
: To Buy with SL 18000, Target 18600 to 18850.
(Lo 14660, Hi 20526)
Current Week’s Commodity Classic call :
Gold
(22nd to 27th of September 2008)
KEEP EYE ON USA-
Dear Readers,
Gold
WEEKLY REPORT CARD
Bailout plans approval by congress
Final Vote by congress for indous nuke deal.
Hello friends hope all are fine and
it was another roller costar week
–Monday market open in gap
down and Friday open in gap up
and almost close near to days
high. Generally in this
pattern it forms the “ISLAND REVERSAL” but
this time traders has not
make such pattern if this
had occurred then we
may see huge short covering as well as long build
up and it may probably
rollover to next month but
has to say this has not happen.
Friends this time bottom shortterm bottom has been formed by
both index. but our gut filing and
our experience suggest that this
rally is not so strong –if rescue
plan get approval then this rally
may become strong but on the
other hand fii are just covering
their shorts and not building
long so this is what create question in mind that we will see more
upside from hear? We think not
as we have already covered all
most 18% distance from the low
so the upside potential is not so
much as of now from these levels.
Lets come to the levels last time
given “head and shoulders “
pattern after good news comes
from usa we recovered otherwise
it will fall to our head n shoulder
target of 3670.
Friends visit our web site
www.janibrothers.blogspot.com
we have upload the charts of
nifty ,mcx crude oil and Dow
Jones and we have bought nifty
fu from 3830 and see how it rise
without any doughty we have
put all the charts u can verify by
dates and time and see how all
three blasted –u can join us for
free live message on yahoo messenger
our
id
is
[email protected]. We have
told to buy Dow at 10600 and it
rise to 11400 plus levels in two
days just power of charts and
vision.
: To Buy around 12300 with SL 12000, Target 12800to 13100.
DERAVATIVE ANALYSIS-
Crude : To Buy with SL 4510, Target 4800 to 4950.
Silver
: To Buy with SL 19000, Target 19990 to 20700.
After studying derivatives figures we come to know that put-
call ration is below 1 that is 0.95
this is sign of over sold market
and we may see bit of recovery.
We have seen traders were selling 4200 and
4000 strike
price put options so this
is the major
support are
DOW JONES-support at 10797
Close above 11800 will take to
12051 and above that will fire to
12593.
MCX CRUDE OIL-see the charts
we have given buy call on Tuesday and it is on fire we have put
swing chart and analysis just
read it.
SHORT TERM DELIVERY
BASED STOCKSatyam computers-formed island reversal bottom buy with
target of 424-438.
for the next week and last week
of expiry and 4500 call buying
suggest that we will see the levels soon.
Idfc-keep stop loss of 75 and go
long with target price of 86-90
and above that 96-102.
Tata power- stop loss 950 target
1140
In the game of gap down and gap
up opening big players has cover
their shorts nothing else from
this side we are not seeing any
long build up however they are
holding their shorts and also roll
overing their shorts so this is
bed for market that big players
and fii expect more bed news to
come .
Mcnally bharat-hammer formation on weekly charts buy with
stop loss of 105 and immediate
target of 115-120-126-133.
Our friendly suggestion is that
start booking profit over 4500
and keep cash to invest in
conterioan portfolio.
Buy punj lyod keep stop loss
303-299 target 319-322-326
NIFTY FU-two major support at
4130-4073 if it close below that
levels then will fall to 3670 to
complete head and shoulders
pattern before that it has now
strong support at 3800 on
monthly charts.
While on the upside it ahs strong
resistance at 4336-4397 above
that it can test 4460-4513.
Remember friends this is bear
market rally and we have recovered all most 18% from the recent low and it may rise by another 4 to 5% we advise u all to
start booking profit above 4513.
SENSEX -two major support at
13632-13346.
While on the upside strong resistance at 14511-14609 close
above will take to most resistane
at 15128 close above will fire to
15700 –start booking profit
above 15128 and keep cash.
Tata chemical-Friday given last
hot call to all buy with target of
291.
DAY TARDING CALLS FOR
MONDAY-
Wipro-this is our hot call for our
paid subscribers.
Buy icici keep stop loss of 615
and it will fire to 548 if it trades
10-15 minutes above then know
one can stop to fire.
ANY DECLINE BUY TWO
ENGERING COUNTER-GREAVES
COTTON
-MCNALLY BHARAT.
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.
21-9-2008 to 27-9-2008
3
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
MARKET WILL TAKE CUE
FROM GLOBAL EVENTS
BSE Sensex(14042.30)
and Nifty(4245.25) closed
0.35 and 0.4% up last
week.Inflation was at
12.14 v/s 12.10 last
week.Crude oil was at
100$.Mareket had fallen
sharply during the week
on
Lehman Narendra Naynani
(M)9898162770
Brothers,Merrill lynch
[email protected]
and AIG insurance’s crisis but recovered in later
part due to steps taken by 4500.00 =3468.75 Rs.
U.S. government by banning
short selling..Support for Maximum Profit=2190-2070
sensex is 13550 and for Nifty =120*75=9000-3468.75
4100.Resistance for Sensex =5531.25
is 14550 and Nifty is at
4400.Local fund buying was Maximum Loss=3468.75 Rs.
visible against selling of Break-even=2116.25 Rs.
FII.Nifty put-call ratio was
0.77.Nifty 4200 call added 2)Sail(146) October month
open interest.Infosys and future-Lot Size 1350 shares.
ONGC added open interest.
Buy one lot of Sail October
Strategy for Future Option month future@146
players.
Sell one call option of Sail Oc1)Reliance(2055.10) Lot tober
month
strike
Size-75 Shares.
[email protected] Rs.
BULLET
Buy one call option of October month strike price
[email protected] Rs.
Sell one call option of October month strike price
[email protected] Rs.
Premium Paid=106.25*75
=7968.75 Rs.
Premium Received=60*75
=4500.00 Rs.
Net Premium Paid=7968.75-
Premium
Received
=7.20*1350 =9720.00 Rs.
EAGLE’S EYE
Conti. from ....8
Max Profit=150-146=4+7.20
=11.20*1350=15120.00 Rs.
Max loss=Unlimited.
ery base very short term, short
term,
medium
term
calls……Contact us and enjoy in this volatile and
unpredicatable Indian stock
market…. Our performance
is very consistent since last 45 month which is very critical
and volatile, u all know very
well……. Preserve your
wealth in this market with our
service and guidance.
Trading Idea
1 ) C h a m b l e
Fertilizers(63.45)Buy this
stock in decline and trade.
2)NTPC(182.95)Buy this
stock in decline and trade.
Useful 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
RELIANCE.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
CLOSE
627.5
1624.95
191.05
741.05
2055.1
147.7
369.8
1565.75
482.5
766.85
For coming week again expected
some volatile trend in market for
coming week market is high volatile we expected some volatile
coming in next week For coming
week sensex important Support
is at 13200 weekly basis sensex
resistance is at 14190-1432014610 above this next important
resistance is at 14850 if sensex
closes above this level then next
target for sensex is at 14890 on
weekly basis sensex support is
at 13860-13780-13420 below this
level next support is at 13210 for
weekly basis nifty resistance is
4280-4340-4420 above this level
next resistance is at 4460 on
weekly basis nifty support is at
4180-4020-3960 below this level
next support is at 3960.for next
week strategy in f&o once an
Buy nifty future with a weekly
target of 4300 in down side
strong support is at 4180 if this
is break then next support is at
4120 keep a stoploss of 4100 ex-
MFI-21
32.77
41.36
47.32
62.34
34.97
46.4
49.72
40.31
21.4
38.56
RSI-14
45.72
45.66
52.31
65.16
48.05
53.87
41.53
58.74
32.79
41.91
Last week was very very bad
and superb also for all world
pected volatile trend see in market in this week.
Stock for this week
ROLTA -Buy at current levels
with a upper target of 310 it has
important support is at 290 below this level next support is at
FOR INTRADAY
TIPS TRIAL SMS
TRIAL TO
09755261070
285 if it break the level of 285
then we see some fall in ROLTA
take stoploss of 295
IFB- Buy at current levels with
upper target 38 it has important
support at 28 below this level
expected some bearish trend take
a stoploss of 29
MINDA IND--looking explosive
on chart buy at current levels at
296 it has strong support is at
markets. In the early stage of
las week, News of Lehman
Brothers and Merrill Lynch
has came out ….then the
news of AIG……. Bank Of
America had bought Merril
Lynch.....more bad news had
came out till thurday
morning…..all world market
was on blood bath….Even India too…….. We had lost almost 1500 pts…..and index
had touched the low of 12558
and nifty future had touched
the low of 3812 on Thursday
morning in the opening trade.
Then after the news of all
TREND OF MAJOR STOCKS
ADX-14
16.13
19.62
14.18
13.57
17.15
16.15
23.17
17.2
20.73
21.62
STOCK
TREND
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
RELIANCE.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
Bulllish
Bulllish
Bulllish
Bulllish
Bulllish
Bulllish
Bulllish
Neutral
Bulllish
Bulllish
NO OF
DAYS
1
1
1
2
2
2
1
1
1
1
Weekly Monthly
Trend
Trend
Falling
Rising
Falling
Rising
Rising
Rising
Rising
Rising
Rising
Rising
Rising
Rising
Falling
Rising
Rising
Rising
Falling
Falling
Falling
Falling
280 keeping a stoploss of 282
on weekly basis take a target of
312.
NITIN ALLOY -This stock are
looking good for coming week
there is upside potentional till
around at 72 and down side
strong support 68 keep a tight
stoploss of 68 on weekly basis
take a target of 76.
f&o stock weekly
Sbi fut -Buy at 908 with a target
of 1590 with a tight stoploss 1520
BELOW 1520 expected some
bearish trend in sbi.
IDFC fut-Buy at 82 with a
stoploss of 78 with a target of 85
TO 88 above this next target is
90 in coming days
HDIL fut -Buy at current levels
considering224 with a upper target of 244 with a stoploss of 212
central banks had agreed to
come together boost all world
markets and our FM had
given the good statement
about our all banks and AIG’s
stake in TATA AIG act as
boost to our market also.
From lower level of 12558 it
has touched a high of 14097
and nifty future from a low of
3812 ,touched a high of
4285.50.
We will advise you all to take
profits of 25-30% whenever
u r getting and stay well in
cash. Buy at dips only and
take profits at rise. If FII’s,
HNI’s and Mutual Funds
were keeping cash on hands,
buying at dips and taking profits at higher levels then why
we can’t ??? …… We advise all our dear investors like
u that please be choosy with
your hard earned money and
be choosy to invest at right
levels in right stocks………..
Wishing u all the best wishes
to get good and profitable returns on your investments.
May god gives u all the
wealthy returns……..
21-9-2008 to 27-9-2008
4
Trade With The Trend
ABHISHEK JAIN
Mo. 09826041144
Email- [email protected]
www.stocksidea.com
SENSEX ---- (SUPPORT--13864/13612----RESISTANCE--14267/14434)
Technically sensex looking sideways for coming days. The next major Resistance
level of sensex is 14434.
NIFTY ---- (SUPPORT--4211/4149----RESISTANCE--4332/4456)
Technically Nifty is also looking sideways for coming days. The next major Strong
Resistance in the nifty is above 4456 mark.
BHARTI AIRTEL LIMITED (SUPPORT--767----RESISTANCE--846)----BUY
Bharti Airtel looking strong Technically. Indicators showing good up move for
next few days. Traders can Buy Bharti cash and future for short term.
Market View
Indian market is in long term correction,
any rise can be seen as selling opportunity
World indices are witnessing Bright sunny morning after a dark & horror night.
Huge short cutting seen in all the markets, hence one should not forget that this is
yet a small medicine over major heart attack; still the inner health of the market is
weak. Sharp rise should not be misunderstood as strong buying or end
of bear market. Actually observing crude, inflation, $, ADR –
GDR movements, Bulk Deals
are now very subsidiary to
this market, they do have influence but very marginal,
in this names FIIs do sells
their stocks under the curtain. These things make very
small difference to the
trend. News based rallies are
of very short term. Its effect
stays nearly 1 or 2 days. Main
trend of the market is weak.
Right now Indian market is in
long term correction, any rise
can be seen as selling opportunity. This trend can be changed
only if recent top is crossed of
15579 & 4649.
HDFC BANK LIMITED (SUPPORT--1174----RESISTANCE--1356)----BUY
NIRAV DESAI - Mo. 09820627454
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----( BSsE CODE--531127 )
MEWAR INDUSTRIES LIMITED
We have given BUY call to our Clients already at 4.50 Rs.
BUZZING STOCK
Conti. from ....9
BHEL
in India in the energy-related/infrastructure sector, today. BHEL was established
more than 40 years ago, ushering in the
indigenous Heavy Electrical Equipment
industry in India - a dream that has been
more than realized with a well-recognized
track record of performance. The company
has been earning profits continuously
since 1971-72 and paying dividends since
1976-77.
BHEL manufactures over 180
products under 30
major product
groups and caters
to core sectors of
the
Indian
Economy viz.,
Power Generation
& Transmission,
Industry, Transportation, Telecommunication,
Renewable Energy, etc. The wide network of BHEL's 14
manufacturing divisions, four Power Sector regional centres, over 100 project sites,
eight service centres and 18 regional offices, enables the Company to promptly
serve its customers and provide them
with suitable products, systems and services -- efficiently and at competitive
prices. The high level of quality & reliability of its products is due to the emphasis on design, engineering and manu-
BSE Code : 500103
Current Price : Rs. 1609.20
Equity : 489.52 Crore
facturing to international standards by
acquiring and adapting some of the best
technologies from leading companies in
the world, together with technologies developed in its own R&D centres.
BHEL has acquired certifications to Quality Management Systems (ISO 9001), Environmental Management Systems (ISO
14001) and Occupational Health & Safety
Management Systems (OHSAS 18001)
and is also well on
its journey towards
Total Quality Management.
BHEL has "
Installed
equipment for over
90,000 MW of power
generation -- for Utilities, Captive and Industrial users.
"
Supplied
over 2,25,000 MVA
transformer capacity
and other equipment operating in Transmission & Distribution network up to 400
kV (AC & DC).
"
Supplied over 25,000 Motors
with Drive Control System to Power
projects, Petrochemicals, Refineries, Steel,
Aluminum, Fertilizer, Cement plants, etc.
"
Supplied Traction electrics and
AC/DC locos to power over 12,000 kms
Railway network.
E-mail : [email protected]
Technically, market is observing sharp pull back; this can be continued till the starting of this week. It can test 4350 - 4370, so as Sensex can test 14250 – 14441, but after
that a sharp decline may be expected, investors are advised to be light in long
position in this small bull rally. One can buy Puts of Strike rate 3800 – 3600 on rise, of
October.
Buy Side (Do not initiate long positions if market opens with huge upper gap)
Sr.No
1.
2.
3.
4.
5.
Scrips
ABAN Off
Kotak Mah
Punj Lloyd
Maruti
NTPC
CMP
2470
627
312
746
181
SL
2400
583
302
718
177
Trg
2600
666
336
766 / 780
188
Once market reaches 4300 – 4350, start booking profits in these stocks even
before it reaches to its targets, maintain strict stoploss. Buy Puts of 3800 – 3600
on rise near above given levels.
"
Supplied over one million
Valves to Power Plants and other Industries.
BHEL's operations are organised around
three business sectors, namely Power, Industry - including Transmission, Transportation, Telecommunication & Renewable Energy - and Overseas Business.
This enables BHEL to have a strong customer orientation, to be sensitive to his
needs and respond quickly to the changes
in the market.
BHEL's vision is to become a world-class
engineering enterprise, committed to enhancing stakeholder value. The company
is striving to give shape to its aspirations
and fulfill the expectations of the country
to become a global player.
The greatest strength of BHEL is its
highly skilled and committed 42,600 employees. Every employee is given an
equal opportunity to develop himself and
grow in his career. Continuous training
and retraining, career planning, a positive
work culture and participative style of
management ? all these have engendered
development of a committed and motivated workforce setting new benchmarks
in terms of productivity, quality and responsiveness.
Sales and NP for year ended 07 - 08 were
19365.5Cr & 2859.3Cr. Sales and NP for
latest Quarter 4329.2Cr & 384.4Cr.
On YOY basis NP has increased by 18%
& based on quarter latest its increased
by 33%
Dividend during year ended 07 - 08 was
153%
MARKET SUMMERY
Conti. from ....1
atomic energy. Inflation stable around
12.14% but marginally higher compare to
12.10% in previous week, has raised
hopes that Indian Market may be in the
last lap of the interest rate hike cycle.
Crude oil prices hovering around $100 a
barrel. It had fallen to as low as $90.5 earlier in the week, continuing an almost
steady decline since hitting a record
$147.27 on 11 July 2008.
FII sold share more than worth of Rs.35,
000 crores in the calendar year 2008.
The Indian economy’s GDP growth at
around 8% is among the best in the world
and the stable conditions of our financial
markets will make India the choice destination for investment. Since there an economic slowdown in USA and the reputed
investments banks are collapsing US citizens may choose to invest in India, which
offers higher comfort level.
Market must take sometime to rise further
till it will in range bound as corporate earning season will start in next month. Sept
Qtr advance tax figures are 11% lower
compare to last year, but it has already
discounted at the current market. In any
dip try to invest in good fundamental
stocks as future is bright ahead.
21-9-2008 to 27-9-2008
5
Doom for some Boom for others
As per Lt Col Ajay CEO of
www.astromoneyguru.com Astro-technical calculations
say this week is represents by
figure 39 and as per finical numerology figure 3 is ruled by
Jupiter the planet is known for
wisdom, banks, policy,
eaducations etc. This May
creat biggest volatility in forex
and commodity market, effect
may be seen on world stock
market also.
Our advance predictions made
in previous article and nifty levels and biggest volatility, upward movement in bullion and
crude oil, etc proved correct,
crude oil was shown upward
trend kiss $100 per barrel again
from $90 to $102, Gold has seen
one side upward movement
around 15% gain in just two
days . This was also created
history that Gold has shoot up
$113 in one day, this has never
happens in past ,even during
war time also this type of shoot
never happened , our nifty resistance levels (future)4288 was
closing figure on Friday(100%
correct nifty levels in highest
volatility. Predictions for
Strong upward movement in
Euro against Us dollars were
also 100% correct Euro has
shown wonderful one side upward movement in future currency market in previous week.
Recommended stocks were also
gave good profit. As I written that
this week represents Jupiter with
my past experience this will always make highest volatility in
world future market. USA and
china govt have taken big step
by putting ban in short selling
securities and some wave of securities STT (securities transaction tax). As I have written few
weeks back that Biggest sport
event Olympic some serious
problems may come in us capital
market, result is with us Leman,
AIG and many more in queue. As
per astrology the days are not
very far when us banks will not
have trust on other us banks ,
every body will run toward Europe ,Asian to put money . There
fore Doom for us capital market
and may be Boom for other. Right
now FIIs are booking profit to
make up their losses made in
USA. Now what is next? Where
they will go for invest again in
USA? Or country likes China,
India, Korea, and Brazil where investment is in safest mode. As I
said in previous article that investors may get opportunity to
Sanjay Lad (Mumbai)
Web site : www.stockacademy.co.in
Mobile NO: - 09820920530
Technical view of market
for current week
NIFTY has support at 4000 & 3940 and resistance at 4290 & 4335
& 4575. Though nifty has been recovered from 3799 in last two
days but still it looks bearish towards weekly chart. On Monday
nifty may rise to 4290 and 4335 levels. If nifty sustains above 4300
level then it will remain range bound between 4300 AND 4570
levels. Otherwise may fall to 4000 & 3940 in this week.
STOCK TO TRADE IN THIS WEEK
1) CANARA BANK
RECOMMED TO BUY CMP 220 STOP LOSS 212 TARGETS
240....250,
2) NTPC
BUY CMP 183 STOP LOSS 174 TARGET 1) 195 & 2) 200
3) ONGC
BUY CMP 1069 STOP LOSS 1000 TARGET 1140 & 1200
4) RELIANCE INDUSTRY
SHORT SELL CMP 2090 SHORT AROUND 2100 STOP LOSS
2150 TARGET 1900 & 1850
invest below 1400 sensex levels
, those who invest in batch under volatility made very handsome profit within week only .
Again my sincere advice this is
not the time for day trading, it is
time for patience and test your
trading skill rather then big
speculations.
Short term traders
may have small
profit target and
keep timely profit
booking with limited target.
India stock market- Heavy volatility is expected
in Indian stock market small investors or day traders are advised to trade with low volume.
Investors may keep eyes on for
Investment picks for mid term will
Making money in Bear a market
To the contrary, the bearish trend
in the market is not a loss of monetary value as we all have been
made to believe. Money has just
exchanged hands. Velocity of
money states that; Money flows
from the point of least knowledge
to the point of higher knowledge
thereby creating opportunities.
The truth is; money is never lost
in the capital market, it could only
be transferred from one person
Nifty Levels in (Indian stock market)
Nifty Resistance levels (1) 4358
Nifty support levels:
(1) 4200
be Ifci, Tata power, punjllyod,
Alstom project etc. It is added
that above stocks may consider
for day trading. This week no
one side movement will be allowed by bulls and bears .At the
begging of the week some positive movement may be seen but
any time profit booking may take
place . Reliance Ind is expected
to lead this week with some big
announcement in the field of Oil
and Gas. Us stock market is also
expected to close with great lead
impact would be seen Asian market. As I said earlier also that
some positive announce meant
need to announce by various
countries Russia, China, India
this would be also help maintain
volume of stock market. It is also
added as per advance income tax
numbers, balance sheets and
less exposure in foreign countries capital market helps to save
Indian companies under US recession. One need to be very
careful in Software companies
who have big exposure in us
market. As per astrology India is
going to big economic power
2012. Whole world will watch
India‘s growth. Only patience required and remember as per history whole world were behind
India Britain, France, every body
were fighting for India. Now same
golden period will be back. There
fore doom for some one and
boom for other.
(2) 4422
(2) 4110
(3) 4488
(3) 4067
to another. While some people
are dejected and panicking because money is being transferred
from them, others are excited because money is being transferred
to them.
For the first group of people their
prayer is “let this cup pass over
us Oh Lord!” However, it is
“thank you Lord!” for the second group what an irony of life.
The same market the same country, the same economy and the
same rule but different results
from different players.
The US stock market has experienced market crash or bearish
trend more than any stock market in the world. The severity and
duration of the bear market of
1907, 1929/1932 1973/1974, 1961/
1962, 1969/1970, in the US capital market are to buttress this fact.
In addition, after a prolonged
bullish trend of 1990’s “dot com
boom” the US capital market has
been bearish since the year 2000
yet people are making billions of
dollars daily in the market. It is
noteworthy to point out that
Warren Buffet, William O’ Neil,
Jesse Livermore, Benjamin Graham, Charlie Munger, Philip
Fisher and Walter Schloss have
made so much money in this
same market bear or bull. In 2007
alone, Buffet made over $10 billion in a bear market! And is still
making more money. He made his
wealth substantially by investing in shares of companies in the
US stock market.
The legend, Warren Buffet, the
richest person in the world by
Forbes Magazine 2008 List of
world richest persons and their
net worth, put the asset value of
Buffett at about $68 billion. Interestingly this man turned on an
investment of $105,000 into a
$20billion plus investment fortune by investing in the stock
market. It may further interest
you to know that he made the
chunk of his money in a bear
market that started in the year
2000 and since then Warren
Buffett the Oracle of Omaha has
never looked back. His net worth
has continued to increase in
multiple folds whether in a bull
or bear. Therefore it could be
deduced from the investment life
of Buffett that, money is made in
the market at all times, Bull or Bear
and that bear markets actually
presents a life time investment
opportunity. If Warren Buffett
could achieve this feat then it is
much easier to achieve the same
feat by simply looking at what
he and others in his league did
and do the same. That is exactly
what I intend to achieve during
the course of this write-up. Having established the fact that Bear
or Bull, money is made and that
bear market is actually a life time
opportunity. There are number of
successful person in Indian stock
market like Ramdev agarwal,
Rakesh jhjnjunwala, Manish
Marwaha, Nirmal Jain etc who
made history in Indian stock
market by achieving great success within 10 years
The fact is that you can always
stay ahead of the market in the
aggregate yearly no matter how
ravaging the bearish trend may
be. Bull or Bear is a win-win situation and you could advance
more on your winning streak in a
bear market.
This week may bring fortune for
Varshik l and Dhanu rashi; some
vice decision are expected to be
taken which may give result in
next few weeks. 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.
21-9-2008 to 27-9-2008
6
The Week Was full with fear and cheers
Finally Market ends in green after choppy
trade
4.5% and Reliance Industries shed over
3%.
Domestic market recovered all the losses
posted earlier in the week as the global
stocks witnessed a fresh lease of life on
Friday, 19 September 2008, after US Treasury Secretary Henry Paulson proposed
to congressional lawmakers a proposal
that would create an entity to deal with
the billions of dollars of bad debt still
choking the financial system.
Sensex rose 52.70 points to close at
A deep financial crisis engulfed the global markets earlier in the week when the
US investment banking giant Lehman
Brothers filed for bankruptcy, Merrill
Lynch was bought over by Bank of
America in a distress sale and the world’s
largest insurer AIG had to seek US government help to thwart an imminent collapse.
BSE Sensex end at 41.51 points to settle
at 14,042.32 in the week ended Friday, 19
September 2008.Nifty gained 16.80 points
at 4,245.25 in the week.
Sensex is down 6,244.67 points (30.78%)
in calendar year 2008 so far from its close
of 20,286.99 on 31 December 2007. It is
7,164.45 points (33.78%) away from its alltime high of 21,206.77 struck on 10 January 2008. . .
BSE Realty index (down 12.59% to
4,102.64), BSE Oil & Gas index (up 3.86%
to 9,468.42), BSE IT index (down 3.68% to
3,666.75),), BSE Power index (down 0.66%
to 2,529.79), BSE Metal index (down 7.79%
to 10,033.59), BSE Capital Goods index
(down 0.82% to 11,740.07), BSE Auto index (up 0.16% to 3,958.25)
underperformed Sensex in the week. BSE
Bankex outperformed the Sensex rising
1.15% to 7,109.88 in the week.
Sensex lost 469.54 or 3.35% at 13,531.27
on Monday, 15 September 2008. Bears
ruled the roost on the bourses for the fifth
consecutive day after US investment bank
Lehman Brothers filed for bankruptcy protection, making it the largest and highestprofile casualty of the global credit crisis.
Nonetheless, news that China’s central
bank has cut interest rates helped the
domestic bourses cut steep intra-day
losses.
Sensex slipped 12.47 points at 13,518.80
on Tuesday, 16 September 2008. Buying
in index pivotal coupled with short covering after five straight days of fall helped
key benchmark indices erase sharp early
losses in highly choppy session. Higher
Dow & NASDAQ and crude oil at 7month low also aided the intra-day rebound.
Sensex lost 255.90 points at 13,262.90 on
Wednesday, 17 September 2008. Intense
selling pressure in key index pivotal
dragged the key benchmark indices lower
in volatile trade. ICICI Bank shed over
management contract in Sweden.
Tata Power Company rose 2.46% to Rs
1,027.30. The company said on 117 September 2008 it has submitted a bid for setting up four hydroelectric projects in
Himachal Pradesh with a total capacity of
1,125 megawatts.
India’s largest drug maker by sales
Ranbaxy Laboratories slumped 21.39% to
Rs 356.85. The reports on 17 September
2008 said the US government has banned
more than 30 generic drugs made by the
company citing poor quality in two of its
Indian factories.
India’s largest commercial bank State Bank
of India surged 3.46% to Rs 1564.60. The
bank paid 48% higher advance tax at Rs
1,560 crore in Q2 September 2008 over Q2
September 2007.
India’s third largest IT exporter by sales
Satyam Computer Services declined 8.97%
Continue on ...7
FUNDAMENTAL VIEWS
Sahil Bhatt
13,315.60 on Thursday 18 September 2008.
A coordinated effort from global central
banks to ease a funding squeeze in money
markets helped the key benchmark indices reverse sharp early losses and end in
green. A $21.7-billion deal by British bank
Lloyds TSB to prevent another UK victim of the credit crisis also helped ease
investor jitters after US stocks hit a threeyear low on Wednesday, 17 September
2
0
0
8
.
Sensex jumped 726.72 points to 14,042.32
on Friday, 19 September 2008. Frenzied
buying in battered index pivotal along
with short covering triggered a solid rally
in the key benchmark indices. Markets
across the globe rallied on hopes of a more
comprehensive US government approach
in taming the global credit crisis.
India’s largest private sector bank in terms
of net profit ICICI Bank fell 3.79% to Rs
628.10 in the week. The bank’s chief executive officer K V Kamath said in a media interview on Friday, 19 September
2008, that the bank is an extremely healthy
institution and has ample capital. Kamath
further added that the Indian banks are in
a different position, and ICICI Bank being an Indian bank with limited exposure
to the global market place, a strong balance sheet and a strong capital adequacy
position is different from a global bank.
India’s largest oil exploration firm by sales
Oil & Natural Gas Corporation gained
4.8% to Rs 1,072.10. Reports on 19 September said the company would invest
Rs 19,338 crore in oil and gas hunt during
the current fiscal year, 10% higher than
last year. On 16 September Company said
it has agreed to give Rock source ASA, a
Norwegian company, 10% participating
interest in deep water block in the eastern
offshore.
India’s largest cement manufacturer in
terms of annual production capacity ACC
rose 2.45% to Rs 605. The company said
on 18 September 2008 it proposes to delist
the global depositary shares that are presently listed in the London stock exchange.
India’s largest IT exporter by sales Tata
Consultancy Services declined 5.22% to
Rs 766. The company said on 17 September 2008 it had got a five-year application
+91-79-9974747485
www.GurukrupaCapital.com
Stock Info:
Company Name: Axis Bank Ltd
Sector: Banking
Market Cap (Rs cr): 24993.81
Beta: 244.40
52 Week High / Low: 1291.00 / 534.00
Face Value (Rs): 10
P/E: 20.38
Shareholding as on (March 31, 2008) (in
%)
Promoters: 42.43
Institutions: 9.23
Public & Others: 5.34
Foreign: 36.59
Corporate Bodies: 6.41
Indicator: BUY
CMP (INR): 695 (as on September 17,
2008)
over 10 mn customers. Hence, it is the
3rd largest private sector bank.
-Aggressive branch and ATM expansion to 1021 branches and 3714 ATMs.
It is expected that by the end of FY 2009,
it may develop more than 10% branched
across the India.
-Expanding global reach by way of setting up 3 branch offices in Singapore,
Dubai and Hong Kong and 2 representative offices in Sanghai and Dubai recently.
-Net NPA levels at 0.47% at the end of
Q1 FY09 and 0.36% during FY08
amongst the lowest in the industry.
-Non Interest Income has grown by 80%
YoY on account of strong fee income
growth of 80% across both corporate
banking and retail banking businesses.
-The bank’s International Debit Card issuance has risen to 10 mn debit cards in
the quarter as compared to 6.1 MM
cards in Q1FY08.
-The Bank had issued over 0.9 mn credit
cards till end June’08.
Price Target (INR): 810.50
-Smart work of the following Subsidiaries is foreseen in next year also:
Stop Loss: 644.70
1)Axis Sales Ltd.
Time Frame: Next 10 to 12 Months
2)Axis Private Equity Ltd
Company Background:
Axis Bank was the first of the new private banks to have begun operations in
1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly
by the Administrator of the specified undertaking of the Unit Trust of India (UTI
- I), Life Insurance Corporation of India
(LIC) and General Insurance Corporation
of India (GIC) and other four PSU insurance companies, i.e. National Insurance
Company Ltd., The New India Assurance
Company Ltd., The Oriental Insurance
Company Ltd. and United India Insurance Company Ltd.
3)Subsidiary for asset management business
The Bank today is capitalized to the extent of Rs. 358.56 crores with the public
holding (other than promoters) at 57.57%.
Investment Grounds:
-This Bank comprises of more than 713
branches and extension counters and
2904 ATMs across 433 centers servicing
4)Credit Card Business
Some Risk Factors (If applicable):
-Sharp flow in domestic interest rates
making investment environment unfavorable. Impact of Bank rates may also
harm its Share Prices.
-Inflationary pressures is another a major reason to slow down the share prices.
-Higher than expected increase in incremental slippages on NPAs to dilute the
adjusted book value.
Conclusion:
It seems that the target price for Axis
Bank Ltd is a range between Rs 810 to
830 in next 10 to 12 months. Looking at
the current scenario, we recommend
BUYING this stock with the stop loss of
644.70.
21-9-2008 to 27-9-2008
MARVELOUS RESERCH
Conti. from ..6
to Rs 370.10 The company said
on Monday, 15 September 2008,
it has bagged a SAP implementation contract from Oman-based
Khimji Ramdas LLC.
India’s largest car maker by sales
Maruti Suzuki India rose 5.39%
to Rs 74.65. As per reports on 15
September 2008 the company
may sell a million units in the
domestic market within the next
two years. A newspaper report
quoted Shinzo Nakanishi,
Maruti’s managing director as
saying that Maruti is on track to
sell a million units in the domestic market within the next two
years besides exporting another
two lakh units. This, despite the
current downturn and the impending launch of low-cost cars
such as the Tata Nano.
Infosys (down 1.23% to Rs
1,623.85), Wipro (down 0.69% to
Rs 416.85), Reliance Communications (down 4.37% to Rs 374.05)
edged lower from the Sensex
pack
Tata Motors (up 2.67% to Rs
422.85), Reliance Industries (up
6.24% to Rs 2,051.85) edged
higher from the Sensex pack.
National Stock Exchange (NSE)
on Tuesday, 16 September 2008,
said there were no outstanding
open positions/settlement obligations of Lehman Brothers Securities currently in the cash
market segment and derivatives
segment of NSE.
Inflation based on the wholesale
price index rose 12.14% in 12
months to 6 September 2008,
marginally above the previous
week’s annual rise of 12.10%,
data released by the government
on 18 September 2008, evening
showed.
Crude oil for October 2008 was
hovering at $97.88 a barrel on the
New York Mercantile Exchange.
It had fallen to as low as $90.51
earlier in the week, continuing an
almost steady decline since hitting a record $147.27 on 11 July
2008.
India Inc’s top 20 taxpayers
showed mixed signals, with almost 35% paying lower advance
tax in September this year. 15
September 2008 was the last date
for payment of the second installment of advance tax.
Week Ahead
Global events will set the course
Investors will be keenly watch-
7
ing the news emanating from the
US financial sector. The market
sentiments remain fragile on sustained selling by foreign institutional investors. A deep financial
crisis engulfed the global markets when 158-year-old investment banking giant Lehman
Brothers filed for bankruptcy,
Merrill Lynch was bought over
by Bank of America in a distress
sale and the world’s largest insurer AIG had to seek government help to thwart an imminent
collapse. Any further bad news
abroad will impact domestic
bourses.
Global stocks witnessed a fresh
lease of life on Friday, 19 September 2008, after US Treasury
Secretary Henry Paulson proposed to congressional lawmakers a proposal that would create
an entity to deal with the billions
of dollars of bad debt still choking the financial system.
The market will also eye development on the Indo-US nuclear
deal. Reports from Washington
say the US Congress aims to vote
on the deal before it adjourns in
a week’s time, ahead of the November presidential elections.
The civil nuclear agreement between the US and India, if approved, is seen as a milestone in
bilateral relations, and will give
India access to western technology and cheap atomic energy.
Shares of state-run oil marketing
firms will be under pressure on
rebound in crude oil prices from
recent lows. These firms face
huge under recoveries as they
have to sell fuel at mandated
prices set by the government.
Crude oil for October 2008 was
hovering at $97.88 a barrel on the
New York Mercantile Exchange.
It had fallen to as low as $90.51
earlier in the week, continuing an
almost steady decline since hitting a record $147.27 on 11 July
2008.
Softening of inflation has raised
hopes that Indian market may be
in the last lap of the interest rate
hike cycle. Inflation based on the
wholesale price index rose
12.14% in 12 months to 6 September 2008, marginally above
the previous week’s annual rise
of 12.10%, data released by the
government on 18 September
2008, evening showed.
Meanwhile, India Inc’s top 20
taxpayers showed mixed signals,
with almost 35% paying lower
advance tax in September this
year. 15 September 2008 was the
last date for payment of the second installment of advance tax.
A week of complete shakeout in
the world all financial markets.In
America out of 5 top 3
investment bankers gone
bankrupt.In Europe some bad s
all set to come very soon. Faith
in Banking as well as in stocks
market
comlete
gone.Interexchange bank rate
shoot up very high rate .
have to sell fuel at mandated
prices set by the government.
Crude oil for October 2008 was
hovering at $97.88 a barrel on the
New York Mercantile Exchange.
It had fallen to as low as $90.51
earlier in the week, continuing an
almost steady decline since
hitting a record $147.27 on 11
July 2008.
Globally all regulators have
swung into action. I think
everybody was quite petrified
with the events of this week and
therefore there is a concerted
attempt to bolster sentiment in
the near-term. In any case for the
last few days we have been
talking about the possibility of a
powerful pullback rally because
it was overdone and that will
probably materialise this week.
We will rally today and maybe
some of the pain will be forgotten
at least for a day or two.
Softening of inflation has raised
hopes that Indian market may be
in the last lap of the interest rate
hike cycle. Inflation based on the
wholesale price index rose
12.14% in 12 months to 6
September 2008, marginally
above the previous week’s
annual rise of 12.10%, data
released by the government on
18 September 2008, evening
showed.
In this situation peoplw will shift
focus to Gold . As per my
calculation price of gold will
touch 1100$-1200$ within 3
months from here. Equity
participation from I am expecting
only from Diwali or 14th January
afterwards.We may see more bad
news from US or Uk very soon.
Investors will be keenly watching
the news emanating from the US
financial sector. The market
sentiments remain fragile on
sustained selling by foreign
institutional investors. A deep
financial crisis engulfed the
global markets when 158-yearold investment banking giant
Lehman Brothers filed for
bankruptcy, Merrill Lynch was
bought over by Bank of America
in a distress sale and the world’s
largest insurer AIG had to seek
government help to thwart an
imminent collapse. Any further
bad news abroad will impact
domestic bourses.
Global stocks witnessed a fresh
lease of life on Friday, 19
September 2008, after US
Treasury Secretary Henry
Paulson
proposed
to
congressional lawmakers a
proopsal that would create an
entity to deal with the billions of
dollars of bad debt still choking
the financial system.
The market will also eye
development on the Indo-US
nuclear deal. Reports from
Washington say the US
Congress aims to vote on the
deal before it adjourns in a
week’s time, ahead of the
November presidential elections.
The civil nuclear agreement
between the US and India, if
approved, is seen as a milestone
in bilateral relations, and will give
India access to western
technology and cheap atomic
energy.
Shares of state-run oil marketing
firms will be under pressure on
rebound in crude oil prices from
recent lows. These firms face
huge underrecoveries as they
Meanwhile, India Inc’s top 20
taxpayers showed mixed signals,
with almost 35% paying lower
advance tax in September this
year. 15 September 2008 was the
last date for payment of the
second installment of advance
tax.
BIGGEST TIE UP IN MEDIA &
ENTERTAINMENT
INDUSTRIES:
Reliance Anil Ambani Group will
pump $550 million into Steven
Spielberg’s Hollywood venture
DreamWorks to start a new
studio, breaking away from
Viacom’s Paramount Pictures.
The ADAG company will invest
the money as equity, while
another $750 million will come as
debt from leading investment
banker JP Morgan Chase, in
what will result in a unique
Hollywood-Bollywood
partnership.The deal has been
signed.
DreamWorks was formed with
much fanfare in 1994. But after
an uneven run, it was sold to
Viacom in 2006 for $1.6 billion.
Since then, Spielberg and his
associates were eager to part
ways with Paramount.
Ambani’s Reliance Big Entertainment had announced in May in
Cannes that it would make a
major foray into Hollywood and
fund production houses run by
actors like Brad Pitt, Tom Hanks,
Nicolas Cage, Jim Carrey and
George Clooney.
This marked the biggest foray of
an Indian entity in Hollywood’s
motion picture industry. Thirty
films are likely to emanate from
Reliance’s co-financing and 10
will go into production.
OUTLOK FOR MARKET IN
NEXT WEEK:
Central banks have provided a
temporary relief to the market.
We have seen some bottom. The
pullback from the bottoms has
been very sharp. So what you
could probably get in 10-15 days,
you’ve got it in one-day itself
because markets were oversold.
It does some floor for the
markets and prevents the
freefall, which at one point
everybody was worried about.
At the same time, markets in
India and globally are locked in
a range.
We move from the bottom of
the range to the middle to the
higher end of the range again. I
would expect markets to come
down again. Global central
banks are trying to provide
some sort of bandage to the
whole problem, which is going
on and does provide temporary
relief. At the same time, the
problems are deeper. We will go
through a much slower rate in
the globe and in India before
this problem gets behind us.
Rallies can go another 5%-7%.
But it is very difficult to call
these things because markets
move very violently. The key
thing is ultimately the central
banks have infused liquidity and
sorted out the short-term
confidence crisis. But,
economies and earnings will
slow. The markets at some point
have to go back to earnings, and
valuations. We will face
earnings slowdown and
earnings getting downgraded
over the next two quarters in
India.
So, that’s where the challenge
for the market will come. After
the great four years when
earnings were constantly
getting upgraded, you have
earnings downgrade. Markets
will have to face that. Generally
we will have that bit of
slowdown atmosphere coming
through, which will probably
keep markets rangebound
It will go lower than 12,500. But
if we go 5-7% lower also, it
doesn’t mean too much.
Ultimately, it is more like the time
which we spend in this. We will
be locked in a range and there
will be a time correction rather
than a big price correction. But,
we probably need to go through
six-months of time correction
before markets start the next
round of rally.
Exit all Property stocks on rise
.100% we are going to see 20%
to 25% correction in property
price before December 2008
from here. Next bloodbath will
be in Property price.
21-9-2008 to 27-9-2008
8
If Index Crosses 14325 then It may touch
14663,14945…13674 May Act as Strong Support….
If Nifty Fut Crosses 4346,then 4418,4490,4526…4142
May Act As Strong Support…..
closes below 13801 and 4198 blood
bath was on….. Isnt our prediction superb?????..... May our prediction was
very helpful to you all to take decisions.
Last Week Very clearly and boldly told
to u all that if index closes above 14325
and nifty future closes above 4346 then
only, we may see bullish trend and my
go for next levels…..But both fails to
closes the said levels………Then,
very very boldly and clearly said that
if index closes below 13801 and nifty
future closes below 4198…then it may
touch 13558 and 4131 respectively……….
Our Paid clients was with nil buy position and shorted the market when
closed below 13801 and 4198…….
They had huge profit last week……
We had cover short at 12800 and 3850
and initiate fresh long above 13200 and
3920… & this long position was
booked on Friday evening at 3.15 also.
Exactly as per our prediction after
That is reason why we are always
saying that just see our last 4-5 month
prediction and keep records of our articles….
We are giving paid services through
SMS and yahoo messenger….. Ser-
Closing Price
14042.32
Support
13674
Stoploss
-
Target 1
14663
Target 2
14945
Target 3
-
Nifty Future’s Prediction for Week (22.09.08 To 26.09.08)
Index
Nifty
Closing Price
4283.10
Support
4142
Stoploss
-
Target 1 Target 2 Target 3
4418
4490
4526
Nifty Future’s Hot Scripts for Week (22.09.08 To 26.09.08)
Sr.
No.
1
2
3
4
5
Company
Name
Reliance
Union Bank
Rel.Infra
R Power
ICICI
Closing
Price
2060.40
152.15
898.85
164.25
630.25
Stoploss
Target 1
Target 2 Target 3
2040
148
887
162
619
2024
143
873
159
607
2114
158
947
170
664
2157
164
976
174
688
Continue on ...3
Weekly Trading’s Hot Scripts for Week (22.09.08 To 26.09.08)
Sr.No.
1
2
3
4
5
Company Name
Infosys
SesaGoa
Escorts
Century Text
IFCI
Closing Price
1624.55
109.90
71.95
396.15
40.60
Stoploss
1612
106
68
388
39
Target 1
1600
103
65
380
37
Target 2
1667
119
78
428
44
Target 3
1704
127
85
458
49
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (22.09.08 To 26.09.08)
BSE Index Prediction for Week (22.09.08 To 26.09.08)
Index
BSE
vices includes Intraday Cash Market
Calls, Intraday Nifty Future, 2-3 days
Nifty Future Calls(Positional),
Intraday Stock Future, 2-3 days and
Positional Stock Future Calls, Deliv-
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Name
On Mobile
CHI Investment
Ganesh Forging
Sita Shree Food
Harrison
India Lease
Nutraplus
Assam Co.
Salzer Electro
Invicta
Hotel Leela
Santogen Export
TFL
Super Spinning
Aftek
Bse
Code
532944
532969
532643
532961
500467
500202
524764
500024
517059
523844
500193
511141
532812
521180
530707
Closing
Price
464.20
33.00
23.05
14.25
92.70
11.91
7.94
20.00
57.00
16.47
30.40
3.85
17.00
9.45
34.50
Target 1 Target 2 Target 3
424.00
29.00
20.00
13.00
86.00
9.00
6.00
18.00
54.00
14.00
27.00
2.50
14.00
8.00
31.00
535
38
28
17
104
14
10
23
65
19
34
5
19
14
38
566
43
33
20
111
16
13
25
73
24
37
7
22
17
43
In Coming Days U will get superb Profits and Gain in Smallcaps…….Keep Watch on Smallcaps..
1) ABAN (2460.45 ) :- In this scrip near
term support at 2452 and buy with the
stop loss of 2440 on the upper side first
target is 2468 then Rs. 2480 - 2492 to
2505.
term support at 556 and buy with the stop
loss of 551 on the upper side first target
is 568 then Rs. 574 - 579
to 587.
8) AKRUTI ( 908.20 ) :- In this scrip near
term support at 902 and buy with the
stop loss of 896 on the upper side first
target is 914 then Rs. 922 - 931 to 938.
2) BOMBAY DYING .( 483.85 ) :- In this
scrip near term support at 476 and buy
with the stop loss of 471 on the upper
side first target is 489 then Rs. 496 503 to 509 .
9) COLGATE ( 379.25 ) :- In this scrip
near term support at 375 and buy with
the stop loss of 368 on the upper side
first target is 385 then Rs. 390 - 394 to
399
3) DIVIS LAB ( 1442.15 ) :- In this scrip
near term support at 1436 and buy with
the stop loss of 1427 on the upper side
first target is 1448 then Rs. 1457 - 1463
to 1468.
4) ELDER PHARMA ( 320.25) :- In this
scrip near term support at 316 and buy
with the stop loss of 309 on the upper
side first target is 324 then Rs. 330 336 to 342.
5) ADANI ( 562.20 ) :- In this scrip near
term support at 2301 and buy with the
stop loss of 2292 on the upper side first
target is 2314 then Rs. 2321 - 2330 to
2337.
6) SETER IND ( 467.60 ) :- In this scrip
near term support at 462 and buy with
the stop loss of 456 on the upper side
first target is 472 then Rs. 477 -484 to
489.
7) HDFC .( 2308.45 ) :- In this scrip near
10) JINDAL SAW. ( 606.35 ) :- In this
scrip near term support at 602 and buy
with the stop loss of 595 on the upper
side first target is 613 then Rs. 618 -623.
to 632.
11) TISCO . ( 479.60):- In this scrip near
term support at 473 and buy with the
stop loss of 462 on the upper side first
target is 485 then Rs. 492 - 497 to
503.
12)JET AIR ( 436.80 ) :- In this scrip
near term support at 427 and buy with
the stop loss of 420 on the upper side
first target is 442 hen Rs. 448 - 453 to
461.
13) AIA ENG. ( 1539.15 ) :- In this scrip
near term support at 1532 and buy with
the stop loss of 1524 on the upper side
first target is 1546 then Rs. 1553 - 1564
to 1572.
14) KEC INT. ( 364.95 ) : In this scrip near
term support at 360 and buy with the
stop loss of 354 on the upper side first
target is 369 then Rs. 373 - 378 to 385.
15) .TITAN ( 1198.10 ) :- In this scrip
near term support at 1190 and buy with
the stop loss of 1178 on the upper side
first target is 1204 then Rs. 1217 - 1224
to 1238.
21-9-2008 to 27-9-2008
JAIN IRRIGATION
Company is one of the pioneer names in
the plastic irrigation products industry
sector in India. Company is in Technical
alliance with many firms for the purpose
to make their products to the international Quality Standards. Company's
Rs.1000 million exports coming from the
toughest markets in the world. It's largest producer of PVC Pipes in India. Company is Pioneers of Micro Irrigation Systems in India besides pioneering the concept for small landholders in India. It's
the only manufacturer producing the
widest range of Plastic Sheets (PC &
PVC) under one roof. Company has got
the ISO-9001
f r o m
R W T U V,
Germany for
the
PVC
Pipes and
Fittings,
Polytube,
Emitting
Pipe, Plastic
Sheets, Onion Dehydration Divisions & Fruit
Processing.
Company is having solutions for Small
Farmer, Urban Household, Urban Housing, Community Development, Mining
Industry, plant tissue culture, Chemical
industry, Sugar factories, Oil & Gas exploration, Optic Fiber ducting, Advertisement & Signage's, Landscaping, Green
houses, water shed development, Waste
Land Development, Farm production &
management, solar water heaters for
Households & Corporate.
Products range of Jain Irrigation include
Micro Irrigation Systems & Components,
PVC & PE (HDPE, MDPE, LDPE, LLDPE,
ABS, PC, etc.) Piping Systems, Moulded
& Extruded Plastic Products, Plastic
Sheets, Dehydrated Onions and Vegetables, Processed Fruits, Tissue Culture
Plants, Green Houses, Liquid/ Water
Soluble Fertilizers, Bio-pesticides, Biofertilizers and Solar Water Heating Systems. Company is having India's only
InfoTech Enterprises
Founded in 1991, InfoTech is a $168 million (FY 2007-2008) Global IT services
company with over 7000 people specializing in Engineering Services, Geographic
Information Systems (GIS), and IT services. They provide services to a wide
range of industries - Aerospace, Automotive, Energy, Government, Marine,
Rail, Retail, Telecom and Utilities.
9
GOOD
LONGTERM
BET
BSE Code : 500219
Current Price : Rs. 417.75
Equity : 72.37 Crore
one-stop high-tech integrated agricultural
shop. Company has collaboration with
Technical partners of USA for solar water
heating systems and other products. It is
involved into Turnkey Project Services,
Roof Cooling Systems, Agriculture, engineering & consultancy
Company looking towards a huge potential in setting up irrigation projects abroad
and is looking at opportunities in the African continent. It is currently in talks with
some African country form a joint venture to bid for some large integrated micro-irrigation project. Company is expanding its capacity
in
plasticulture
and
food
business. In
plasticulture,
the company
plans to increase capacity by 69,000
ton
to
2,04,000 ton.
In food business it plans
to increase
capacity by 41,550 ton to 71,200 ton. Company also merged Terra Agro Technologies Ltd, Coimbatore with the Company
in april.
Company has bought the mango-processing business of Parle Bisleri Pvt Ltd
for Rs 14 crore. Company acquired two
mango-processing facilities at Chittoor in
south India, in the largest mango-growing region in the country. After this acquisition, company has built a total capacity of over 60,000 ton of mango processing at its plants at Jalgaon in
Maharashtra, and Hyderabad and
Chittoor in Andhra Pradesh.
Sales and NP for year ended 07 - 08 were
1671.1Cr & 146.6Cr. Sales and NP for latest Quarter 474.3Cr & 29.6Cr.
On YOY basis NP has increased by 48 %
Dividend during year ended 07- 08 was
22%
BSE Code : 532175
Current Price : Rs. 225.00
Equity : 26.24 Crore
Infotech has a distinctive business model:
"offshore services, onshore responsibility". It combines extensive software development capability based in India with
global delivery through offices in the US,
UK, Germany, Australia and the Netherlands that provide local customer interface and project management. They op-
erate from 25 global locations, including
7 development centers and accommodate
the largest operations out of India for Engineering Services,
G e o graphic
Information Syst e m s
(GIS),
and IT
s e r vices.
InfoTech's
cutting
edge is our industry specific domain expertise, people and processes, technologies, tools and training. Some of their
clients include some of the top Fortune
500 companies. Infotech operates offshore 'Centers
of Excellence' for leaders in the aerospace,
rail, telecommunications, transportation
and government verticals. Infotech is a
CMMi level 5 company and is also certified to ISO 9001:2000, AS9100 standards.
Infotech has developed a unique track
record in supporting leading Automotive,
Aerospace, Energy, Marine, Plant Engineering, Rail and other engineering industries in their product development support and optimizing their development time
& processes. Infotech offers a unique
combination of engineering skills, domain
experience, and application know-how.
Infotech's expert teams in engineering
span the complete product development
cycle, from concept development through
after market support in the areas of Mechanical Design, Electronics Design,
Technical publication and Engineering
Software Development.
Infotech Enterprises is a globally reputed provider
of geospatial
technology solutions and data
management
services. With
2200 associates
and 15 years of
wide-ranging
customer engagements, they
are one of the
largest and most
accomplished
firms in the industry today.
Focused on electric, gas and water utilities, telecom network operators, transportation companies and government
agencies, we help our customers leverage geospatial technology and data to
improve the way they do business.
Infotech engages with customers across
the geospatial technology lifecycle:
from consulting, system design and solution architecting; to application development, system implementation and integration; to training, maintenance and
application management services.
Sales and NP for year ended 07 - 08 were
435.2Cr & 58.8Cr. Sales and NP for latest
Quarter 125.6Cr & 16.3Cr.
Based on quarter latest NP increased by
99%
Dividend during year ended 07- 08 was
24%
Continue on ...4
21-9-2008 to 27-9-2008
10
GURUKRUPA
Conti. from ..1
LION’S ROAR
Conti. from ..1
ous bottom. One can buy with the stop
loss of 380 and then 361 for the upper
before the climax, the ECB and other
major Central Banks of the world
stepped in to the picture and gave
strong financial support to the markets
in extremely trying circumstances.
ADLABS FILMS-Dly .20/06/08-19/09/08 N-767
Price
TREND
560
540
520
500
480
460
440
420
410.73400
380.07
361.28
380
360
08
J
A
340
S
target of 450.
Bhel(1709): After required correction it has
reversed upward strongly. If one get
BHEL-Dly .04/06/08-19/09/08 N-60
Price
TREND
1850
1800
1750
1720.41
1700
1650
1584.80
1600
1550
1501.68
1500
1450
1400
1350
08
J
A
S
chance to buy at lower level then 1584 is
the stop loss for the upper target of 1850.
MTNL(90.45): It has turned up after taking support of previous bottom. One can
MTNL-Dly .06/05/08-19/09/08 N-43
Price
TREND
SUPPORT 83
08
J
J
A
S
112
110
108
106
104
102
100
98
96
94
92
90
88
86
84
82
buy with the stop loss of 87 and then 83
for the upper target of 100.
Reliance Infra(892.05): Strong up side reversal is the reason to buy. One can buy
RELINFRA-Dly .16/06/08-19/09/08 N-89
Price
TREND
1100
1050
1000
950
900
907.62
850
780.54
800
750
702.66
700
08
J
A
Tata Motor(423.30): It is running sideways
for a long time. If it closes above 440 one
TATA MOTORS-Dly .04/06/08-19/09/08 N-66
Price
TREND
560
540
520
500
480
460
BUY IF CLOSES440
ABOVE
440
420
400
380
XR
J
HOW THIS STORY BEGAN?
US market is mother of all the markets. It was observed that in the year
2005, property prices became stagnant.
In 2006 they started gradually falling
without any reason. Than the root cause
of recession came in to the picture in
2007 with the ugly Subprime issue raising its head regularly. There was a
massive turmoil which saw the global
financial giants falling one after another,
as if it was a competition to see who
becomes Bankrupt first.
STARTED WITH SUBPRIME AND
FORMED A ENDLESS SERIES.
This started with Subprime, Bear
Stearns and Freddie Mac & Fannie Mae
carried it forward and now Lehman,
Merrill Lynch, tumbling AIG joined to
make it biggest nightmare for US and
Global Markets. This fall outs has
shaken the Wall Street as well as global
scenario and the financial implications
were there for all to see as one after
another all global markets collapsed.
S
if can get chance to buy near 780 for the
upside target of 1100.
08
This sparked off a short covering rally
across the globe as unheard, obscene
amount of money started being poured
into the system. This led to a sharp U
Turn in the fortunes of the financial
markets across the globe and they rose
like a phoenix from the depths of despair. Thursday saw a sharp recovery
from the lows and Friday saw the almost forgotten Bull back in action,
which brought some relief to the concerned faces of the investors across
the globe. If Thursday saw a reversal,
then Friday was witness to a heart stopping global Bull dance in the midst of
what could be termed as arguably the
worst financial crisis of the century.
A
S
360
should not miss the chance to buy to see
speedy rise till 500.
WHAT WAS THE CORE PROBLEM?
All the institutions mentioned above had
their business related to financial activities like loans mortgages and insurance. The core problems faced by these
institutions were of bad debts of loans
and increasing exposure to the derivatives market. They suffered huge losses
as the mortgage loans started becoming bad loans and as a result the assets
were squeezed beyond recognition and
became too small in comparison with
their liabilities. And thus they were not
able to fulfill routine financial obliga-
tions and had to file for bankruptcy.
BULLS FIGHTBACK WITH
LIQUIDITY GUN.
As the scenario became horrible and entire global market
was at the verge of collapsing, in a very fast move, ECB
and all major Central banks of
the world united together and
poured huge, unheard amount
of liquidity to save the market
from further carnage. This
gave a new life to the bulls across the
globe and they danced to the liquidity
tune. In what can be described
as a synchronized effort
across the globe, the World
Indices were up anywhere
from 4 to 19%, squeezing the
Bears.
TECHNICALS:
1)
Sensex closed the
week at 14042 with a weekly
gain of 42 points. Nifty closed
at 4245 with a weekly gain of 17
points.
2)
The Sensex has made a Bullish Hammer Reversal pattern as can be
seen in the adjoining weekly chart.
Whereas the Nifty also registered a
strong reversal pattern and formed a
Dragonfly Doji on the weekly charts.
3)
One strong point in the previous week's correction was that the low
of 12514 for the Sensex and 3790 for
the Nifty were not broken and the market just about managed to rally. This
puts a strong double bottom in place
for both indices.
4)
The short term trend has
turned up and for the medium term
trend to become up, the Sensex should
close and stay above the 50DMA
(14307) and Nifty above 4301.
5)
The OI PCR is at 0.98, up
from an extremely oversold level of
0.82. 4000, 3900 and 3800 strikes have
seen significantly high Put writing, indicating the presence of strong support.
6)
The Trendline Resistance for
the Sensex is at 14825-15431-15790
and Trendline Support is at 1327112499.
7)
The Trendline Resistance for
Nifty is at 4405-4504-4629. The
Trendline Support is at 4234-4015.
LAST WEEK'S PERFORMANCE:
SUPERLATIVE, MAGICAL PERFORMANCE LAST WEEK. Anything
less will be strong understatement. The
Lion shone very bright last week
amidst total gloom and doom. Those
who obeyed the King of the jungle had
only one option and that is to mint
money. It pays to obey the Lion. For
proof check below where all stocks
reached their lowest third targets. Our
advice to one and all, is to follow the
leader (Lion) and in times of uncertainty, OBEY him.
If one had simply shorted 200 shares
of REL, 1000 HCL Tech, 200 shares
of Infosys, Jindal Steel and Tata Power,
then the profit would have been Rs.
2,23,000/- !!!
SELL REL @ 929 TGT 876-836-780
REACHED 702.
SELL HCL TECH @ 228 TGT 219202-190 REACED 193.
SELL INFOSYS @ 1644 TGT 16181587 REACHED 1421.
SELL JINDAL STEEL @ 1588 TGT
1544-1485-1405 REACHED 1195.
SELL TATA POWER @ 1002 TGT
982-971-952 REACHED 905.
CATCH ME IF YOU CAN:
Buy DLF 426 SL 416 Tgt 452-460-487.
Buy Akruti 907 SL 880 Tgt 934-965.
Buy SBI 1565 SL 1547 Tgt 1675-17141759.
Buy BOI 283 SL 277 Tgt 297-306.
Buy VSNL 455 SL 442 Tgt 473-497.
Buy HDIL 224 SL 216 Tgt 234-253261.
ANTERYAMI
Conti. from ..12
support levels are at 4180 levels. I
am negative for next week below
4150 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 4320 Level, again
then the upper side target is quite high
and it may touch 4400 Level before
Sept.– 2008...!!! Here is given Some
GLODEN STOCKS for the week
21-9-2008 to 27-9-2008
Madhav Ranade
(M) 09371002943 or
email :
[email protected]
11
Trading levels for
22nd / 26th September 2008
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.
their books. This means institutions hv to take onetime BIG BIG
writedowns. We will watch very
closely future developments but
this rally also should peter out
soon.
Finally US govt has acted accepting that desperate situations need
desperate measures. Short sales
are banned in US and UK triggering a massive short covering rally.
This week, US govt will also declare a massive bailout programme
buy taking over all badloans on
I am now available on yahoo messenger on most of the trading days
and you can add me on your yahoo messenger. My yahoo id is
madhavranade
Stocks
Commodities
Please call me if you have any
doubts or you need levels for some
other stock.
WEEKLY SUPPORTAND RESISTANCE LEVELS
FROM 22 September TO 27 September, 2008
ANURAG GUPTA
MOBILE : 9255191643
Email : [email protected]
SYMBOL
NF AUGUST
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
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
UNITECH FUTURE
TATACOM FUTURE
WIPRO FUTURE
ZEEL FUTURE
CLOSE
4272.95
407.10
841.10
607.10
325.55
905.30
717.70
1720.95
488.50
346.50
226.55
396.15
233.75
89.45
1445.65
524.90
421.55
1934.50
230.85
2325.80
1301.85
225.15
827.75
247.05
81.70
83.25
40.60
236.55
939.00
630.25
130.60
1624.55
399.00
192.40
252.15
597.90
2658.70
558.10
740.35
89.60
267.10
1078.05
177.05
108.85
151.00
313.70
129.55
199.15
356.10
898.85
1271.25
2060.40
164.25
79.95
371.45
216.10
1570.35
425.10
1030.95
715.60
772.05
482.55
1200.05
126.90
460.05
420.25
209.10
TREND
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
RES2
4602.78
510.37
916.30
668.77
365.78
947.10
856.37
1878.42
559.33
405.53
251.52
478.58
251.12
94.02
1611.22
630.60
455.22
2116.43
267.75
2562.60
1449.02
305.58
907.25
262.28
99.37
94.12
50.70
269.12
1157.57
715.22
147.27
1767.82
475.33
205.77
299.38
700.97
2900.23
624.03
805.95
101.23
328.03
1199.35
193.68
122.88
173.67
353.53
142.52
233.48
426.97
1011.62
1491.35
2270.77
182.68
93.45
443.15
273.67
1752.55
469.70
1133.38
806.53
882.45
557.45
1311.35
163.93
524.68
457.15
234.83
RES1TREND LEVEL SUPP1
4437.87 4124.93 3960.02
458.73
411.87
360.23
878.70
809.40
771.80
637.93
596.47
565.63
345.67
318.88
298.77
926.20
888.10
867.20
787.03
725.12
655.78
1799.68 1653.27 1574.53
523.92
478.58
443.17
376.02
341.18
311.67
239.03
215.57
203.08
437.37
403.78
362.57
242.43
226.02
217.33
91.73
88.37
86.08
1528.43 1379.22 1296.43
577.75
514.65
461.80
438.38
406.82
389.98
2025.47 1892.73 1801.77
249.30
217.15
198.70
2444.20 2221.60 2103.20
1375.43 1235.22 1161.63
265.37
225.23
185.02
867.50
829.25
789.50
254.67
241.78
234.17
90.53
80.67
71.83
88.68
80.57
75.13
45.65
39.45
34.40
252.83
237.42
221.13
1048.28
988.57
879.28
672.73
597.52
555.03
138.93
130.47
122.13
1696.18 1579.72 1508.08
437.17
393.58
355.42
199.08
188.82
182.13
275.77
243.38
219.77
649.43
615.27
563.73
2779.47 2571.23 2450.47
591.07
547.03
514.07
773.15
717.20
684.40
95.42
89.48
83.67
297.57
264.53
234.07
1138.70 1030.35
969.70
185.37
171.68
163.37
115.87
105.43
98.42
162.33
150.67
139.33
333.62
297.08
277.17
136.03
124.77
118.28
216.32
194.23
177.07
391.53
359.57
324.13
955.23
858.12
801.73
1381.30 1178.15 1068.10
2165.58 1968.57 1863.38
173.47
156.73
147.52
86.70
78.15
71.40
407.30
366.15
330.30
244.88
225.22
196.43
1661.45 1528.90 1437.80
447.40
414.20
391.90
1082.17
994.58
943.37
761.07
677.53
632.07
827.25
749.80
694.60
520.00
480.50
443.05
1255.70 1166.85 1111.20
145.42
129.48
110.97
492.37
432.68
400.37
438.70
409.35
390.90
221.97
207.98
195.12
SUPP2
3647.08
313.37
702.50
524.17
271.98
829.10
593.87
1428.12
397.83
276.83
179.62
328.98
200.92
82.72
1147.22
398.70
358.42
1669.03
166.55
1880.60
1021.42
144.88
751.25
221.28
61.97
67.02
28.20
205.72
819.57
479.82
113.67
1391.62
311.83
171.87
187.38
529.57
2242.23
470.03
628.45
77.73
201.03
861.35
149.68
87.98
127.67
240.63
107.02
154.98
292.17
704.62
864.95
1666.37
130.78
62.85
289.15
176.77
1305.25
358.70
855.78
548.53
617.15
403.55
1022.35
95.03
340.68
361.55
181.13
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.
21-9-2008 to 27-9-2008
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 @ 4250
SL 4150 TGT @ 4400
BEFORE Sept.2008
SENSEX – 14042 as on
19/09/08
Dear Friends,
Sensex has resistance at
14150 Level with highly
Volatile Trend; above which
other resistance levels are at
14400 In downside support
levels are at 13990 levels;
Market may gain
some strength
below 13700 level,
other support levels
are at 13700 levels. I am negative
for next week below 13500 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 14500 again then the
upper side target is quite high
and it may touch 15100 before Sept.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
Modipon : (37 ) : Buy at Rs 35 levels considering minor support of Rs 32 and stoploss of Rs. 30
for an upper target of Rs. 45 levels.
2. IFCI : (40 ) : Operator based buying has been there in this stock. It is suggested to buy at RS 38
with SL of RS 35 for the target of Rs 48 below RS 34 it can fall up to RS 31 levels. If it crosses Rs
52 level than expect non stop rally up to Rs 60
3. Pennar Ind: ( 32 ) : This stock is looking very good to buy at Rs 30 with SL of RS 28for the target
of RS 40 levels below Rs. 27 stock shall witness free fall.
4. LIC Housing : ( 322 ) : Buy delivery of this stock at current levels with SL of Rs. 305 for the target
of Rs. 345 level. It is very good for long term position also.
5. IDFC : ( 81) : Buy at Rs.80 with SL of Rs. 78 for the target of Rs. 90 levels below Rs. 76 it can show
further fall.
6. Ansal Prop : ( 90 ) : Technically accumulation in this stock has been at these levels. Buy at Rs. 85
with SL of RS. 82 for the target of Rs. 110 levels. It is very good for short to medium term.
7. Laxmi Energy : ( 299) : Buy at 290 With SL of RS. 285 for the target of RS. 325 level. It is very good
for medium to long term investment.
8. Jetking Info : ( 342) : Buy at Rs. 335 with SL of Rs. 325 for the target of RS. 365 levels. It is
very good for medium to long term investment.
9. Crompton Greaves: (250 ) : Buy at Rs. 240 with SL of RS. 232 for the target of RS. 268 levels . It
is very good for medium to long term investment.
10. CESC : ( 292) : Buy delivery of this stock at current levels with SL of Rs. 280 for the target of 320
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 – 4250 as on
19.9.2008
NIFTY FO has resistance at
4280 Level ; above which
other resistance levels are at
4305 Level with highly Volatile Trend, In Downside support levels are at 4220 Levels; below 4200 level, other
Continue on ...10
FUTURE-PLATINUM
1
2
3
4
1.
5·
Aban Offshore: (2460 ) : Buy at Rs. 2430 with SL of RS.
2400 for the target of Rs. 2650 level below Rs. 2380 it can
show further downfall.
Rel Energy :(892 ) : Buy at Rs. 890 With SL of RS. 880 for
the target of RS. 950 level below Rs. 870 it can show further
downfall up to Rs. 855
SAIL: (147) : Buy at Rs. 145 with SL of RS. 140 for the
target of RS. 152 levels below Rs. 138 it can show further
downfall up to RS. 132
I-Flex : (975) : Buy at Rs. 960 with SL of RS. 925 for the
target of RS. 1050 levels below Rs. 900 it can show further
downfall up to Rs. 875
L&T: ( 2645 ) : Buy at Rs. 2625 with SL of RS. 2580 for the
target of Rs. 2780 levels below Rs. 2550 it can show further
downfall.
SMALL SAVING STARS
1.
2.
3.
4.
5.
RPG Cables : ( 25 ) : Buy at 23 with SL of Rs. 20 for the
target of RS. 32
APM Ind. : (19) : It is suggested to buy with SL of RS. 16 for
the target of RS. 28 below at RS. 15 it can slip up to RS. 12
level. Crossover above Rs. 29 level will take the stock to Rs.
34
Guj Ambuja Exports : ( 37) : Buy at Rs. 35 with SL of RS. 32
the target of Rs. 48 levels below Rs. 30 it can show further
downfall.
Lotus Chocolates: (25) : Buy at Rs. 23 with SL of RS. 20
for the target of Rs. 40 levels . It is very good for long term
position also.
CNI Research : (8) : Buy at Rs. 7 with SL of RS. 6 for the
target of Rs.12 levels below Rs. 6 it can show further fall.
Enter the market in dip