Market outlook and Intraday tips for 27th Feb.

>> Friday, February 27, 2009

US markets ended negative.
Europe ended positive.
Asia is bonded to open flat. Expect Indian Markets to open in the same manner.

The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157

Nifty: (2786) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824


Day Trading Ideas -

DLF
Buy above 158 for targets of 161 and 164
Sell below 152 for targets of 149 and 146

HDIL
Buy above 77.10 for taregts of 78.45 and 79.65
Sell below 73.45 for targets of 72.90 and 72.10

LNT
Buy above 614 for targets of 619 and 624
Sell below 607 for targets of 602 and 599

Happy Investing !
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Whats Hot -
IndianMoneyPlus.Com launches a mobile site.

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Market outlook and Intraday tips for 26th Feb.

>> Thursday, February 26, 2009

US markets ended negative after a volatile section.
Europe ended negative.
Asia has opended positive and so expect Indian markets to open positive.
Today is NIFTY Future expiry so markets can head any where or may even have low movements.
Today even Inflation data is supose to come out.
Be careful.

The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157

Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824


Day Trading Ideas -

RNRL
Buy above 43.15 for targets of 43.90 and 44.35
Sell below 42.10 for targets of 41.45 and 41.10

Unitech
Buy above 29.10 for targets of 29.85 and 30.25
Sell below 28.10 for taregts of 27.45 and 26.90

Happy Investing.

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Whats Hot -
IndianMoneyPlus.Com launches a mobile site.

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IndianMoneyPlus.Com launches a mobile site.

>> Wednesday, February 25, 2009

Now its the time for you people to visit Indian Money Plus from mobile too.
News and Tips for Stock Markets on the GO!..
Link for mobile site - http://m.indianmoneyplus.com

Spread a word about us.
Tell people about IndianMoneyPlus.Com

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Market outlook and Intraday tips for 25th Feb.

US markets opened flat but later rallied.
Europe ended in negative.
Asia is expected to open positive.
Expect Indian markets to open in the same manner flat to negative.

The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157

Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824


Day Trading Ideas


TCS

Buy above 471 for target's of 476 and 482

Sell below 461 for target's of 457 and 451


Infosys Technology

Buy above 1191 for target's of 1198 and 1207

Sell below 1171 for targets of 1164 and 1158


SBI

Buy above 1036 for targets of 1042 and 1048

Sell below 1020 for targets of 1012 and 1008


Happy Investing !

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Reliance Communication : BUY

Investors with a two-three year horizon can consider buying the share of Reliance Communications (RCom), going by its pan-India dual-technology mobile play and the strength in its enterprise division, both of which offer long-term growth prospects.

At Rs 155, the stock is available at a reasonable seven times its likely 2008-09 per share earnings.

RCom has been in a heavy capex phase for the last one year, leading to its pan-India GSM launch in December 2008. The company has indicated that capex for 2008-09 is roughly Rs 25,000 crore (much of it already capitalised), while for the next fiscal it could be around Rs 15,000 crore. Given the fact there is heavy foreign currency borrowings in RCom’s balance sheet, servicing this debt will mean that margins are likely to remain under pressure for the next 12-18 months. However, this is probably the last significant capex phase for the company.

In the meanwhile, with a burgeoning subscriber base aided by its GSM launch in 14 new circles, strength in its other divisions — broadband and enterprise data (domestic and international) — is gaining momentum to provide broad-based growth for the company.
SYNERGIES FROM GSM launch

RCom has a pan-India CDMA presence with about 50 million subscribers. In addition, in eight circles where it currently operates, there are 10 million subscribers. In late December last year, RCom launched GSM services in the other 14 circles as well. The total subscriber additions in January alone stood at 5 million, bulk of which is expected to have come from new GSM subscribers.

It remains to be seen if this success does not cannibalise its CDMA offering. Despite being a CDMA player, where ARPUs are lower, RCom’s realisations per minute are around 61 paise , which compares favourably with most GSM operators. This may improve a wee bit after the GSM launch, especially because there are no serious discounts in tariffs that is being offered to customers.

RCom has built a nationwide and international network to carry its own national and international traffic. This would also help it garner countrywide roaming revenues and incoming international roaming on both its networks which went to other GSM operators.

With its pan-India CDMA towers, the GSM arm also gains by co-locating tower facilities, resulting in lower capex and opex for RCom, apart from improving tenancy.

In a related development, new licence winner Swan Telecom has reportedly signed up for a tower sharing pact. This should provide an added source of revenue for the company.
Other Contributions

RCom derives over 33 per cent of its revenues from its global and enterprise data businesses.

In its global business, the company provides domestic long distance connectivity to operators such as Vodafone Essar, Idea Cellular, Tata Teleservices and Aircel and derives 40 per cent of its NLD revenues from these operators. This could grow as new operators step in to offer services, but there is competition from BSNL and Bharti Airtel as well. But as the market is largely dominated by these three players, RCom could still end up with a substantial pie.

The company’s international connectivity division is also seeing considerable growth both in organic (through Flag) and inorganic modes through acquisition of Vanco Group in Europe and Yipes in the US. This division has 1,400 customers for data connectivity as well as 750 carriers.

Through Vanco, the company has had large multi-year deal wins with several retail majors in Europe, such as the Oxylane Group and Illy Caffe. Being transaction-intensive, these are likely to provide revenue visibility over the long-term.

The Yipes division is also witnessing traction and has added 25 customers in the last quarter, including names such as Facebook, Troutman Sanders and NASDAQ OMX Europe.

In the domestic enterprise segment, the company is the second largest player, according to a recent study by Frost & Sullivan. This is an 18.7 percent share of a Rs 7,400 crore market, expected to go up to over Rs 13,000 crore by 2013. Client wins are happening here too. This segment serves 900 corporate customers across India and enjoys an EBITDA margin of 42.2 per cent.

The company has network connectivity to 8,92,000 buildings across the country that would allow it to deliver connectivity through a variety of wired and wireless modes.

With the global economy slowing down and with clamping down on travel budgets, corporates, it is expected, will transact and communicate more through communication modes such as virtual private network. This means greater business opportunity for companies such as RCom.

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Stock Idea - Sesa Goa

Investors with a three-year horizon can consider accumulating the stock of Sesa Goa, trading at Rs 82.10. The company’s market leadership in iron ore mining and exports, signs that Chinese demand for Indian ore may resume on the back of the stimulus package and the attractive valuation for the stock make it a reasonable long-term investment in the commodities pack.

The stock of Sesa Goa trades at a price-earning multiple of 4.6 times its trailing earnings. In the domestic context, National Mineral Development Corporation (NMDC) and Minerals and Metals Trading Corporation of India (MMTC) (not strictly comparable due to a wider product basket) trade at a P/E of about 15 times.

Global iron ore miners such as BHP Billiton, Rio Tinto and Vale currently trade at 9.7, 9.4 and 6.6 P/Es respectively.
Business Overview

The company’s revenues originate from three segments — iron ore, pig iron and metallurgical coke (Met coke).

The iron ore segment is the backbone for the business and its share in revenues has steady increased in the last four years, to contribute 84 per cent to sales in 2007-08.

Sesa Goa, with its mines in Goa, Karnataka and Orissa, produces lower and medium grade ore. Sixty-six per cent of the company’s iron ore production is exported to China and 20 per cent to other Asian countries such as Japan, Pakistan and South Korea and 7 per cent to Europe. Domestic sales are a miniscule 7 per cent.

Demand Outlook

By relying substantially on the export market, particularly on China, Sesa Goa’s earnings prospects hinge to a large extent on Chinese offtake of Indian iron ore. This being the case, post-Olympic stockpiles and the sharper-than-expected deceleration in the Chinese economy led to imports recording sharp year-on-year falls from October 2008.

Iron ore spot prices also corrected from $190 in May to $ 63 in October 2008. While China’s 4 trillion Yuan ($586 billion) bail-out package is expected to revive demand for steel and, thus, iron ore, the jury is still out on whether overall Chinese import volumes will be maintained at last year’s levels of about 400 million tonnes.

But the past two months have brought signs of a drawdown in Chinese stockpiles and better export offtake of iron ore, especially for Indian exporters. Export volumes of iron ore from India staged a sharp year-on-year increase of 38 per cent and 21 per cent respectively in December and January.

Expectations of higher Chinese demand have propped up spot prices for iron ore by about 30 per cent from $63 to $ 85 a tonne in recent months.

While Sesa Goa appears well-placed to benefit from the higher volumes and higher spot sales, ongoing negotiations on contract prices for 2009-10 between the large iron ore producers and Chinese steel mills, expected to be concluded by April, may be the deciding factor on the price outlook. Current expectations are for a 10-30 per cent cut in contract prices compared to last year.

Financial Overview

Offtake has not been a key problem for Sesa Goa in recent years, with the company managing a 25-30 per cent volume growth every year since 2004-05.

In the current fiscal, Sesa Goa witnessed a volume decline in the September quarter to the tune of 30 per cent on a complete cutback in Chinese demand, but volumes recovered, increasing by 37 per cent in the December quarter. Sales for the last quarter were up by 23 per cent on a Y-o-Y basis, despite the economic slowdown.

Volume growth from the iron ore segment was at 36 per cent year on year and 37 per cent . Sales are up by 76 per cent and net profits by 69 per cent in the nine months ended December 2008.

Steadily rising iron ore realisations have helped Sesa Goa steadily improve its operating profit margins over the years to nearly 48 per cent in the first nine months of 2008-09; though margins have moderated in the December quarter.

A low cost structure and zero financing costs, endows the company with a cost advantage amongst its competitors globally. Vedanta Resources Plc (the 51 per cent holding company) had earlier announced plans for an eight-fold increase in the iron ore production capacity at Sesa Goa.

While this expansion project will certainly add scale over the long term, whether it will be implemented in its entirety, given a softer demand scenario, needs to be seen. This plan has the potential to increase the debt on the balance-sheet. Strong operational performance in recent years has left Sesa Goa with high return ratios (return on capital employed of over a 100 per cent), a strong balance-sheet, with high free reserves and near zero debt. With commodity prices set to fall further, the company has hinted at more room for downsizing costs.

Recent export duty concessions extended by the Indian Government will also translate into better realisations in the coming quarters. The easing off of inflation may see lower policy intervention on ore exports; this has been a key source of risk to earnings last year.
Valuations

The key risks to Sesa Goa’s earnings arise from a sharper-than-expected cut in iron ore prices (contract as well as spot), slippage in Chinese demand and a spike in freight rates.

Volumes and defending its market share being the foremost priority, Sesa Goa may have to work with thinner margins than in the immediate past, for the near term.

A key trigger to the stock price would be the conclusion of iron ore negotiations with China, at the expected prices.

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Stock Idea - Hindustan Oil Exploration

We recommend a buy in Hindustan Oil Exploration Company stock from a short-term trading perspective. It is apparent from the charts of the company that it was on an intermediate-term downtrend from its August 2008 peak of Rs 144 to its February 2009 low of Rs 50.

However, the stock found support around Rs 50, and bounced by almost 9 per cent on February 20. Accompanied with high volume, this up-move of the stock conclusively broke through the 21-day moving average as well as intermediate-term down trendline. The stock has a significant long-term support at Rs 50. The daily relative strength index (RSI) is rising in the neutral region towards the bullish zone and weekly RSI has recovered from the oversold territory.

The price rate of change indicator has entered the positive territory that indicates increase in buying pressure. Considering the recent break-through and the presence of significant support at Rs 50, we are bullish on the stock from a short-term horizon. We expect the stock to rally until it hits our price target of Rs 64 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 54. - Business Line

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Market outlook and Intraday tips for 24th Feb.

>> Tuesday, February 24, 2009

US markets crack badly.
Europe ended marginally lower.
Asia is bonded to open negative or may be even flat.
Indian markets will open in the same mannar.

The support for the Sensex is 8630 and the resistance to the up move is at 8977

Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2802


Day Trading Ideas -


GMR Infra

Buy above 78.50 for targets of 79.85 and 80.45

Sell below 76.45 for targets of 75.90 and 75.10


Voltas

Buy above 39.45 for targets of 40.10 and 40.95

Sell below 37.40 for taregst of 36.85 and 36.10


HUL

Buy above 252 for targets of 255 and 258

Sell below 247 for targets of 245 and 243


SBI

Buy above 1052 for taregts of 1063 and 1071

Sell below 1032 for taregts of 1024 and 1019


NIFTY 1 Month Future.

Bearish (Indication Avoid)


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Educomp Solution a stock to rock.

>> Monday, February 23, 2009

Whats hot these days ???
Dont know? It is the education sector. Thousands of B- Schools and Engineering Colleges are comming up in India.
This can directly and indirectly benefit Educomp.


Scrip - Educomp Solutions Ltd.
CMP - 1771.85 Rs.
Target - 2325 ( In 6 months )

Summary -
Educomp Solutions Limited (Educomp) is a provider of technology-based education products and services for kindergarten to twelfth grade (K-12) education. The Company’s principal business areas include Business-to-Business (B2B) initiatives and Direct Initiatives. Educomp provides technology enabled products and services to both public and private schools, including Smart Class, instructional and computing technology solutions (ICT solutions) and teacher training programmes (Professional Development). The Company sells educational aid, compact disk-read only memory (CD-ROM) and learning content through its online initiatives (including Mathguru and Learning Hour) and its offering initiatives (including establishing pre-schools, K-12 schools and higher education institutions). In May 2008, the Company acquired a 51% stake in Learning.com.
In October 2008, the Company acquired a 51% stake in Takshila Management Services Pvt. Ltd.

Recent Happenings -
Educomp Solutions has won orders from the State Governments of Uttar Pradesh (UP) and Assam for a total of 2,042 schools and the total size of these orders stands at Rs120 crore.
With these wins, Educomp has achieved its target of 12,000 schools in its ICT Business (government schools).
Educomp will supply computer hardware, software and connected accessories and provide computer-aided education in the specified schools and intermediate colleges from Classes VI to XII. The company will also provide one full-time instructor, supply courseware, impart training and provide electricity and internet connections at each school.

Key Drivers -
The retail segment, a tutorial service led by the math Web site mathguru.com is growing at over 600 per cent, and from insignificant contribution a couple of years ago now contributes 11 per cent of its revenues. The business enjoys a 70 per cent margin and would contribute to higher margins as it adds users.

Results -
Educomp Saw a 61.36 per cent jump in net profit at Rs 31.83 crore for the third quarter ended December 31, 2008

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Weekly news letters and stocks to watch out for.

>> Sunday, February 22, 2009

Last week we saw some great falls. All was due to bad global cues and more over the disappointing budget.
Market broke the 9K mark in the last trading session.
GOLD is yet a precious metal.
Rupee and Dollar play is set again as $ was 50Rs plus.
Inflation is now at one years low.
Analyst predict that markets will remain volatile.
Further down side is expected.

Sectors to look out for.
IT
Fertilizer.
Keep a close eye on GOLD stocks.

Stocks to look out for.
Rajesh Exports.
Infosys
Ultratech Cement
ITC

NIFTY weekly technicals.

Tell what you want from IndianMoneyPlus.Com.
What kind of articles you want from IndianMoneyPlus.Com
Tell us. Mail us at indianmoneyplus [@] gmail.com
Or Comment below.

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NIFTY Weekly technical analysis.

Last week we saw NIFTY was in a negative mode.
Last week NIFTY closed at 2948 and this week at 2736 a decrease of 200 points odd.
This was due to bad global cues.
NIFTY TRIN at 2.154
Over all Nifty bearish.
5 day EMA at
2813.56

Pivot - 2701

Support - 2620 and 2575
Resistance - 2810 and 2875

NIFTY 1 month target 2875 (Revised)
Over all mode "Extremely Volatile and Bearish."

NIFTY target for Next week - 2795 (NIFTY can touch this point and can come down)

Simple moving Averages -

5 D

8 D

13 D

20 D

39 D

50 D

200 D

2784

2836

2844

2826

2854

2883

3733


Chart -



NIFTY Autogenerated technical analysis Here (LINK)

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Market outlook and Intraday tips for 20th Feb.

>> Friday, February 20, 2009

US markets crack down.
Europe ended flat.
Asia has opened flat. Expect Indian Markets to open flat to negative.

The support for the Sensex is 8865 and the resistance to the up move is at 9445

Nifty: (2789) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890


Day Trading Ideas -

Hindalco
Buy above 41.25 for targets of 41.90 and 42.85
Sell below 38.95 for targets of 38.40 and 37.90

Tata Motors
Buy above 135.85 for targets of 136.50 and 137.85
Sell below 133.25 for targets of 132.40 and 131.90

Spice Communications
Buy above 84.10 for targets of 85.25 and 86.90
Sell below 79.95 for targets of 78.10 and 77.45

Happy Investing !

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Indian annual inflation at 3.92 pct on Feb. 7

>> Thursday, February 19, 2009

ndia's wholesale price index rose 3.92 percent in the 12 months to Feb. 7, below the previous week's annual rise of 4.39 percent, government data showed on Thursday.

It was below a median forecast in a Reuters poll of analysts of 4.01 percent.

The annual inflation rate was 4.98 percent during the corresponding week of the previous year.

Source - Reuters.

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Market outlook and Intraday tips for 19th Feb.

US markets ended flat.
Europe ended marginally lower.
Asia is trading mixed.
Expect Indian Markets to open flat to negative.

The support for the Sensex is 8865 and the resistance to the up move is at 9445

Nifty: (2776) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890


Day Trading Ideas -


LNT

Buy above 659 for targets of 664 and 670

Sell below 648 for targets of 645 and 641


Unitech

Buy above 29.90 for targets of 30.40 and 30.90

Sell below 27.50 for targets of 27.05 and 26.50


Power Grid

Buy above 88.45 for targets of 89.10 and 89.70

Sell below 86.45 for targets of 86.00 and 85.40


A special Report on how markets will react in 2009 is comming this Sunday.

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Market outlook and Intraday tips for 18th Feb.

>> Wednesday, February 18, 2009

US markets crack badly down over 4%.
Europe is donw over 2%.
Asia is bonded to open nagative.
Expect IndianMoarkets to oppen in the same mannar.

The support for the Sensex is 8951-8166 and the resistance to the up move is at 9262

Nifty: (2771) the support for the Nifty is at 2752-2728 and the resistance to the up move is at 2840


Day Trading Ideas -

Adlabs
Buy above 163 for targets of 165 and 168
Sell below 152 for targets of 150 and 147

Dish TV
Buy above 25.90 for targets of 26.45 and 26.90
Sell below 23.90 for targets of 23.20 and 22.75

GMR Infra
Buy above 79.90 for targets of 80.65 and 81.45
Sell below 78.05 for targets of 77.15 and 76.45

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Market outlook and Intraday tips for 17th Feb.

>> Tuesday, February 17, 2009

US markets end negative after a roler coster ride.
Europe also ended in red.
Asia is ought to open flat or may be negative.
Indian markets will open in the same way.
Markets react negative on Interim Budgets yesterday.

The support for the Sensex is 9178-9049 and the resistance to the up move is at 9445

Nifty: (2849) the support for the Nifty is at 2810-2779 and the resistance to the up move is at 2890


Day Trading Ideas.


HDIL
Buy above 83.25 for targets of 84.90 and 85.60
Sell below 79.65 for targets of 78.10 and 77.35

Educomp
Buy above 2068 for targets of 2075 and 2087
Sell below 2049 for targets of 2042 and 2035

Unitech
Buy above 30.85 for targets of 31.20 and 31.85
Sell below 29.10 for targets of 28.50 and 28.05

Sterlite Ind
Buy above 265 for targets of 268 and 271
Sell below 252 for targets of 249 and 245

Happy Investing.

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Highlights for Interim Budget 09 - 10.

Highlights of the Interim Budget 2009
–> All efforts made to deliver on commitments
–> Sustained growth at over 9 Percent in last 4 years
–> Per capita income grew 7.4 Percent during UPA regime
–> Gross domestic savings rate at 37.7 Percent , gross capital formation at 14.2 Percent
–> Tax–> GDP ratio at 12.5 Percent in 2007–> 08, close to fiscal correction target
–> Domestic investment rate over 39 Percent in FY08
–> Growth drivers –> agriculture, services, manufacturing, construction
–> Outlook for food grain production encouraging for coming year
–> Exports grew at annual average rate of 26.4 Percent during last 4 years
–> December industrial growth fell 2 Percent (YoY)
–> GDP growth of 7.1 Percent makes India the secondfastest growing economy
–> Have taken steps to encourage private investments in infrastructure via PPP
–> Approved 37 infrastructure projects worth Rs 70,000 crore between August 08-January 09
–> 54 central infrastructure projects of Rs 67700 crore sent for final nod to PPP panel
–> Initiative for providing refinance to banks for long term credit to project
–> IIFCL to raise Rs 10000 crore, has approval for an additional Rs 30000 crore
–> IIFCL to refinance 60 Percent of their projects
–> Extension of export credit for labour intensive exports
–> FDI inflow at USD 23.3 billion during April-November 2008
–> Attention given to agriculture sector, plan allocation up 300 Percent in 4 years
–> Government implementing revival agriculture package in 25 states worth Rs 13500 crore
–> Government will continue to provide interest subvention for agriculture in FY10
–> Farm debt waiver of Rs 65,300 crores covering 36 million homes
–> Government to provide interest subsidy to farmers in FY10
–> Outlay on higher education up 900 Percent in 11th 5 year plan
–> Annual ad hoc grants have been increased by 50 Percent (YoY)
–> FY09 revised estimates of spending at Rs 9 lakh crore vs Rs 7.5 lakh crore
–> FY09 plan expenditure revised to Rs 2.8 lakh crore from Rs 2.4 lakh crore
–> Government revises FY09 fertiliser subsidy to Rs 44863 crore
–> FY09 food subsidy revised to Rs 10960 crore
–> FY09 fiscal deficit seen at 6 Percent of GDP versus estimate of 2.5 Percent
–> FY09 revenue deficit at 4.4 Percent of GDP versus estimate of 1 Percent
–> FY10 spending seen at Rs 9.53 lakh crore
–> FY10 budgetary support seen at Rs 2.85 lakh crore
–> Rural jobs scheme to get Rs 30100 crore in FY10
–> JNNURM spending seen at Rs 11842 crore for FY10
–> Allocation of Rs 40900 crore for Bharat Nirman Scheme
–> Interest subvention for some export loans extended
–> Additional plan expenditure has to increase by 0.5–> 1 Percent post polls
–> FY10 non–> plan spend est at Rs 6.68 lakh crore
–> Major subsidy spending for FY10 seen at Rs 95,500 crore
–> FY10 budget revenue deficit seen at 4 Percent , fiscal deficit at 5.5 Percent
–> FY10 gross tax revenue seen at Rs 6.71 lk crore
–> Allocation of Rs 8,000 crore for mid–> day meal scheme
–> Rs 13,100 crore allocated for elementary education
–> FY10 gross market borrowing seen at Rs 3.2–> 3.3 lakh cr
–> No tax changes in interim budget. (Hat)
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Market outlook and Intraday tips for 16th Feb.

>> Monday, February 16, 2009

US markets had ended marginally lower.
Europe ended mixed.
Asia is trading total flat.
Expect Indian Markets to have a bit gap down or a flat opening.

The support for the Sensex is 9445 and the resistance to the up move is at 9824

Nifty: (2948) the support for the Nifty is at 2900 and the resistance to the up move is at 3004


Day Trading Ideas -


Unitech -

Buy above 32.05 for targets of 32.80 and 33.55

Sell below 29.50 for targets of 29.05 and 28.40


DLF
Buy above 163 for targets of 165 and 167.45
Sell below 157 for targets of 155 and 153

IFCI
Buy above 21.45 for targets of 21.90 and 22.50
Sell below 20.05 for targets of 19.45 and 19.00

SBI
Buy above 1199 for targets of 1208 and 1218
Sell below 1184 for taregts of 1178 and 1169

Happy Investing!

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Mobile Subscribers added during Jan.

>> Sunday, February 15, 2009

Recliance Communication added 5 million subscribers in Jan. Indias second largest mobile operator added such a huge number after it started its GSM operation nation wide.
Airtel added
2.73 million users and Vodafone added 2.4 million users.

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RCom ties up with Ditech Networks

Reliance Communication (RCom) has entered into a Rs 500 million deal with US-based Ditech Networks to deploy the latter`s voice enhancement solution on its recently unveiled GSM network, reports Economic Times.

The company said that this deployment is expected to enhance voice clarity on Reliance Mobile by approximately 30%.

RCom is undertaking Ditech trial runs on its network starting Feb. 12, 2009. RCom will initially deploy Ditech`s voice enhancement solutions across Top 10 towns and later extend coverage across other locations.

Ditech Networks is a global telecommunications equipment supplier for communications networks. Ditech Networks` voice processing products serve the needs of mobile and wireline operators for circuit- and packet-based networks.

RCom has also unveiled a series of network enhancement initiatives for urban areas. These include plans to increase its Base Tower Stations (BTS) from current 25,000 stations to over 36,000 stations. - MyIRIS

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Weekly news letter and Stocks to watch out for.

Last week was moderate with no much good news and not much bad news too.
Inflation fell along with a fall in industrial production data.
The Sensex flirted with 9,700 in Friday trading and closed at 9,635, a gain of 3.6% from last Friday. The Nifty also gained ground, ending the week 3.7% up to close at 2,948.
Obama government has passed out a huge bailout.
The comming week is crucial as it will decide the trend of the markets.
The Elections in the near term will also decide the trend.
Budget is another crucial factor.
Media reports that the finance ministry is also contemplating on a proposal to remove the Securities Transaction Tax (STT) and the easing of some of the foreign direct investment (FDI) norms by the Centre eased supported the ascent. Buying by foreign funds also aided the surge. Fertilizer stocks managed a sharp upmove during the week after the government approved their plants using natural gas instead of fuel oil and naphtha thus enabling the companies to operate at a higher capacity.
Fertilizers and agri sector will see some upside due to budget.

Sectors to watch out for -
Fertilizer.
Sugar Stocks.
Pharma.
IT.
FMCG.

Stocks to watch out for.
Titagarh Wagons Ltd.
IFCI
Chambal Fertilizer
Nagarjuna Fertilizer.
Satyam
Unitech
Larsen & Tubro.
Shree Renuka Sugar Mills.
Uttam Sugars.


Read NIFTY Weekly technicals.


Get Daily NIFTY Autogenerated technicals.

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Indian Railways & Lalu Yadav, the truest success story

The Indian Railways has always been the worst managed India Public Sector enterprise, at least till before Lalu Yadav the magician came along as Indian Railways Minister under UPA/Congress government. The Railways which has been notorious for being a loss making enterprise has seen much radical changes over the last 5 years.

Long known for incurring losses , the Railways has dramatically improved under Prasad's tenure by enhancing technology and cutting fares to boost traffic. The growth rate in the volume of goods carried by the Indian Railways has doubled to an average of 8% in the last five years from 3% in 2000-2001 . The Railways expects total number of passengers to climb 7% in the current fiscal year and in the next .

Mr. Prasad said the Railways will likely end the current year through March with a surplus of 193.2 billion rupees and pay 47.11 billion rupees to the federal government as its share of the profit. The Railways expects total income from moving people and goods in the next fiscal year to rise 13% to 931.59 billion rupees from an upwardly revised estimate of 823.93 billion rupees in the current year ending March.

In this years interim railway budget Lalu Yadav has kept the human aspect alive and focussed on keeping freight prices low and cutting passenger fares across the board by 2%. Also giving a boost to the infrastructure & employment sector,

  • 43 new trains will be launched
  • $7.8 billion to be spent to moderize 63.000 km of railway network

We saw some companies surge ahead one being Titagarh Wagons. (Also read related posts : Kalindee Rail Dissapointed After Budget    and        Rail Related Company's Surge )

Coming of May and a new government the new railway minister will surely have some important and big shoes to fill. Let's see how things go forward till then we can all thank Mr Yadav for giving us Indian Railways the Jewel of India and India's Truest Success story

Connect with me at http://stockezy.com/profiles/tushar/

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NIFTY Weekly technical analysis.

Last week we saw NIFTY was in a range bounded mode and was a bit volatile.
Last week NIFTY closed at 2843 and this week at 2948 an increase of 100 points odd. This was due to global cues.
NIFTY TRIN at 0.35
Over all Nifty bullish.
5 day EMA at 2892

Pivot - 2954
Support - 2899 and 2846
Resistance - 3010 and 3064

NIFTY 1 month target 3210.
Over all mode "Volatile"
Range bounded - Range 2890 to 3085

NIFTY target for Next week - 3040 (NIFTY can touch this point and can come down)

Simple moving Averages -

5 D

8 D

13 D

20 D

39 D

50 D

200 D

2924

2881

2857

2824

2884

2876

3791


Chart -


NIFTY Autogenerated technical analysis Click Here.
Happy Investing.

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Real Multibagger Rajesh Exports.

>> Saturday, February 14, 2009

Scrip: - Rajesh Exports
BSE Code: -
531500
CMP: - 25.40
52 Week H/L: -
129.00 - 18.55
Buy around: - 22.40 Rs
Target : - 100 ( Within 2 yrs )

Summary: -
Rajesh Exports is involved is business of exporting gold and diamond cutting. Recently this stock has hammered due to weakening rupee. Dollar has appreciated at Rs 50 which comes to 40 months low. The second reason why it came down is Gold from 14 K sliped to10.8K.
But now GOLD is back again at 14K levels.
Rajesh Export now is the largest established private gold buyer, accounting for 1.2% of the global gold trade. Having attained this scale of operation, the company is now shifting its focus to find ways of increasing its net profit margin.
In order to meet its objective of increasing its net profit margin, Rajesh Exports has identified three major divers of growth:
Jewellery retailing: increasing presence across value chain by catering to different segments of consumer needs
Diamond jewellery: expanding product range with higher margins
White labels: expanding its market by supplying white labels to retail chain stores across the world.

The Real Estate: - Rajesh Exports has about four million sq.ft. land in Bangalore and Kerala. It is now planning to develop these properties and acquire competence in property development by setting up a 100% subsidiary, Bangalore Infra. The company may look at property development as a separate business in future.

Calculations: - Calculating all the above points and the real estate it has the Market cap should be the double of what it is now. So the stock prices will give 100 - 200 % returns in 1 Year.

Positive Factors: -
World’s largest gold exporter at lowest cost.
Stock is currently trading at low valuations.
Big order book.
Foreign investors increased their stake by 10% .
FIIs bought this stock at around Rs 95 then why should you wait to grab this stock at Rs 25.

Key Concerns: - Continued volatility in gold prices and adverse market conditions have forced Rajesh Exports, India’s leading gold and diamond manufacturer to go slow on its retail expansion plans.

The 100 Shubh stores which were expected to be rolled out by FY09, has been reduced to 40 due to continued volatility in gold prices and adverse market conditions. It is not expanding its Laabh stores either, and would keep the number of stores at a 30 in
FY09.

However, the growth in bulk business to Middle East would compensate for the loss of growth in retail, according to company sources.

The company expects its other businesses of bulk exports,white labels and diamond jewellery to more than compensate for the slowdown in its retail division.

The slowdown in its retail business is likely to affect its overall financial performance.

The net has declined so there is a cause to worry.

The Real Multibagger.
Happy Investing!

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Reliance Infrastructure offers fresh buy back of Rs. 700 crores

>> Friday, February 13, 2009

Reliance Infrastructure announces fresh program for buy-back of shares of Rs 700 crore (US $ 143 million)
The shares purchased under the buy back programme shall be cancelled as required by SEBI guidelines leading to the reduction in equity capital. Individual can bid at maximum of Rs. 700/- per share, which is 27% above the current market price.
In my opinion towards this scrip is that it can shoot up 10 to 12% in short term.

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Market outlook and Intraday tips for 13th Feb.

US markets ended flat after a volatile section.
Europe ended in red.
Asia has opened in green.
Expect the Indian Markets to do the same.

The support for the Sensex is 9430-9307-9178 and the resistance to the up move is at 9824

Nifty: (2893) the support for the Nifty is at 2845-2810 and the resistance to the up move is at 2972


Day Trading Ideas -

RNRL
Buy above 49.25 for targets of 50.10 and 50.65
Sell below 47.25 for taregts of 46.50 and 46.05

Wipro
Buy above 225 for targets of 229 and 232
Sell below 216 for targets of 212 and 209

WWIL
Buy above 15.95 for taregts of 16.40 and 16.95
Sell below 14.90 for targets of 14.50 and 14.05

Unitech
Buy above 32.20 for target of 32.95 and 33.50
Sell below 30.25 for target of 29.65 and 29.05

Happy Investing.

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Market outlook and Intraday tips for 12th Feb.

>> Thursday, February 12, 2009

US markets end marginally positive after a volatile session.
Obama is ought to give US a huge bailout package. (That is certainly a good news).
Europe ended flat . Asia is bonded to open flat to positive.
We may see a positive opening in the Indian markets.

The support for the Sensex is 9500 and the resistance to the up move is at 9824

Nifty: (2924) the support for the Nifty is at 2900 and the resistance to the up move is at 2972


Day trading Ideas -


DLF

Buy above 154 for targets of 158 and 161

Sell below 142 for taregts of 139 and 137


Punj Llyod.

Buy above 98.90 for targets of 100.45 and 101.65

Sell below 96.20 for taregst of 95.05 and 94.15


Sesa Goa

Buy above 98.40 for taregts of 99.80 and 100.95

Sell below 94.60 for taregts of 93.10 and 92.15


IFCI

Buy above 22.15 for taregts of 22.80 and 23.25

Sell below 20.10 for taregst of 19.40 and 18.85


Happy Investing !

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Market outlook and Intraday tips for 11th Feb.

>> Wednesday, February 11, 2009

US markets crack badly. Down over 4%.
Europe was marginally lower.
Asia has opened weak.
Indian markets are bonded to open weak.

The support for the Sensex is 9500 and the resistance to the up move is at 9824

Nifty: (2935) the support for the Nifty is at 2900 and the resistance to the up move is at 2972


Day trading Ideas -


LNT

Buy above 704 for targets of 710 and 714

Sell below 689 for targets of 684 and 678


Adlabs

Buy above 174 for targets of 178 and 182

Sell below 168 for targets of 164 and 161


Dish TV

Buy above 25.10 for targets of 25.85 and 26.55

Sell below 24.10 for targets of 23.50 and 23.10


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Market outlook and Intraday tips for 10th Feb.

>> Tuesday, February 10, 2009

US markets ended flat.
Europe was trading flat.
Asian Markets are bonded to open flat to negative.
Indian markets may have a nagative opening.
At present the nature of NIFTY is mixed.
It has 46 advance against 2 declines.
Over all trend is WAIT.
Support at 2845 and 2795
Resistance at 2995 and 3075

Support for Sensex is at 9320 and resistance for upmove is at 9985

Day Trading Ideas -

DLF

Buy above 143 for targets of 146 and 149
Sell below 132 for targets of 129 and 125

SBI
Buy above 1156 for taregts of 1162 and 1169
Sell below 1141 for taregts of 1138 and 1135

HDIL
Buy above 83 for targets of 86 and 88
Sell below 79 for targets of 75 and 73

Unitech
Buy above 29.55 for taregts of 30.25 and 30.95
Sell below 28.45 for targets of 27.90 and 27.45

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Its true that Indias auto export surges 63%

>> Monday, February 9, 2009

Carmakers may have failed to enthuse domestic customers, but the thrust of many global auto majors turning India into an export hub has led to a rise of over 63%, year-on-year (y-o-y), in passenger car sales in the overseas markets during the April-January period of the current financial year, at almost 272,000 units.

According to the Society of Indian Automobile Manufacturers (SIAM), for the month of January, car exports from India grew by 12.5%, to over 21,500 units.

The export growth in the 10-month period was led by Hyundai Motor India, whose exports increased 91%, to almost 215,000 units. - MyIRIS

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Market outlook and Intraday tips for 9th Feb.

US markets ended positive on Friday.
Europe was also flat.
Asia has opened positive but is giving up all its gain.
Expect Indian Markets to open flat to positive.

The support for the Sensex is 9227 and the resistance to the up move is at 9400-9539

Nifty: (2843) the support for the Nifty is at 2750 and the resistance to the up move is at 2889


Day Trading Ideas -


Sesa Goa -

Buy above 97.80 for targets of 99.65 and 101.15

Sell below 94.10 for targets of 93.15 and 92.10


Spice tele -

Buy above 74.10 for targets of 76.25 and 80.40

Sell below 69.30 for targets of 68.15 and 67.10


Unitech -

Buy above 29.10 for targets of 30.15 and 31.05

Sell below 27.45 for targets of 26.80 and 25.90


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Weekly NEWS letter and Stocks to watch out for.

>> Sunday, February 8, 2009

Global cues were negative so Indian markets end flat at the end of the week.
We saw inflation further cooling down. Worst results posted by few companies.
Analyst say Indian Story is still intact.
The Yellow Metal (GOLD) is making new highs , has crossed 14K.
The week ahead looks neutral with markets in range bounded behaviour.
We could see a sell off soon in the markets.
The Government has emphasized the need for further stimulus packages to boost the economic growth and sustain a healthy economy amidst the turbulence prevailing across the world.

Sector to watch out for in Short Term. -

IT - The sector in controversy is the one good to trade as there are huge movements in the stocks. Though it is risky it is rewarding.

Pharma - This an ever green sector for me as I think people wont stop having medicines in recession time.

Telecom - New news coming day over day. Airtel is now in IPTV segment. In this sector I am bullish on Airtel and Idea. RCom though is good but can go further down.

Stocks to Watch out in this week.

Educomp Solutions -
The share price of Educomp fell as registrars of companies (RoCs) were asked to inspect the books of accounts of Educomp against the backdrop of media reports that the company’s profits were inflated and that promoters had made big profits by trading their own shares and diverting funds to unlisted subsidiaries.
This would be the one big stock to watch out for.

Tata Motors - Nano coming out on 3rd of March can give TATA Motors some working capital blocked in a short term. It is estimated TATA would collect Rs 700 cr within few weeks after the booking starts.

Airtel and Idea - Long term story is intact. But in short term can shoot up giving 5 - 10 % returns.

Other stocks -
Unitech
ICICI Bank.
UTV Software's.

Whats HOT this week - TATA Nano will be launched on the 3rd of March.

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Using common sense to invest for the long term

Got thinking this weekend about how should I plan my investment for the next 3-6 months. I do dabble in stocks for short term which are mostly based on news, intra-day calls from members on stockezy. But usually I am someone who likes to invest long term. This weekend over a cup of coffee made me think to visit some of the beaten down names in the commodity sector. 

Copper, Steel, may be building materials such as Cement. Let's Think Aloud together as to why this may be a good time to invest in companies like Tata Steel, ACC, Hindustan Copper, Sterlite, SesaGoa, Hindalco and other related companies. 

Materials of any type which help build & re-build the backbone infrastructure of our country such as roads, bridges, railway lines, ports, electrical grids, power stations all our going to be in demand. Now some may disagree but I have a reason for this. 

Now coming back to why I like commodities. One assumption I am making (which is also my risk quotient) is that I trust the government of India to execute moderately well in spending money allocated for the Stimulus Plan. We need for our government to invest in the country. 

  • Move tenders to build roads, railways and ports, power stations
  • This helps Engineering company's to get government orders
  • To build you need construction materials
  • To build you need heavy engineering equipments
  • To build you need to employ labor, hence create employment
The government can use its cash reserves to fuel demand and growth and put the country back on its feet. At least to walk if not run. We may have rate cuts, we may have bailouts, we may have tax cuts - but to invest in building the country's infrastructure is the best way to stimulate the economy. I think this may be a win-win situation. 

A win for the consumer, A win for the private sector, A win for country. This may be the best time to invest for a better & bright future. 

You can read about the stocks I recommending at stockezy.com  - click here

Disclaimer - Yes this is necessary. I am no stock-pundit or analyst. I am common man who reads his newspaper, uses common sense to make investing decisions. I do see price-trends on the stock-charts available on stockezy. Try to do homework about my stocks. I am a software engineer by profession.

I am also the co-founder & CEO of stockezy.com - India's Social Investing Community. I usually blog on stockezy, but also like to share my comments here on my good friend Chirag's blog. I would love to hear from the readers of IndianMoneyPlus, you can connect with me at tushar@stockezy.com.

Cheers!

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NIFTY Weekly Technical Analysis

NIFTY was in a range bounded mode. Last week NIFTY closed at 2821 and this week at 2843 just a minor increase. The week was Volatile.
NIFTY TRIN at 0.286
Over all Nifty bearish.
5 day EMA at 2813.42

Pivot - 2890
Support - 2795 and 2745
Resistance - 2932 and 3045
Over all range bounded mode in coming week with more volatility expected.


Simple Moving Averages -

5 D

8 D

13 D

20 D

39 D

50 D

200 D

2795

2816

2784

2791

2889

2855

3842





NIFTY target for next week between 2745 and 2890.

Check NIFTY Autogenerated Technicals every day here. (LINK)

Whats HOT this week - TATA Nano will be launched on the 3rd of March.

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Long term Bet Larsen & Tubro Ltd.

>> Saturday, February 7, 2009

Scrip: - Larsen & Tubro (LNT)
BSE Code: - 500510
CMP: - 638.70
52 Week H/L: - 1937.00 - 611.00
Target for long term investors : - 100% return. (Time frame 15 - 18 months)

Summary: -
One of the badly beaten out scrip in the Indian markets is LNT.
Larsen & Toubro Limited operates in four segments. The Engineering & Construction segment comprise execution of engineering and construction projects to provide solutions in civil, mechanical, electrical and instrumentation engineering to core sectors/infrastructure industries, shipbuilding and supply of complex plant and equipment to core sectors. The Electrical & Electronics segment comprises manufacture and sale of low-voltage switchgear and control gear, custom-built switchboards, petroleum dispensing pumps and systems, electronic energy meters/protection (relays) systems, control and automation products and medical equipment. The Machinery & Industrial Products segment comprises manufacture and sale of industrial machinery & equipment, marketing of industrial valves, construction equipment and welding/industrial products. Others include ready-mix concrete, property development activity, and engineering services and embedded systems.

Stake in Satyam -
Recently LNT hiked its stake in Satyam from 4% to 12%.
Satyam has won few new coustomers. The new management of Satyam Computers can change the phase of Satyam Computers which will directly benefit LNT.

A long term bet: -
It is India’s largest Engineering and Construction giant.
L&T is the best managed company in India – Business Today survey.
Larsen and Toubro will benefit from huge infrastructure investments in India and Gulf regions.
Strong Order book.
L&T will be demerged into Power, IT, Ship building and Railway units along with engineering division. Investors will get very good returns after the demerger.

Employees-
LNT is reported to recrute 10,000 people in 3 yrs. This is because of its expansion.

Ratings -
Short term: - 5/10
Medium Term: - 7/10
Long term: - 10/10

Company has good financial. Good management also.
A safe bet for long term investors.

Happy Investing.
Read Disclaimer.

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Stock Idea - Areva T&D.

I had given this stock advice earlier on 8th September last year. The stock gave a 20% odd return because of N-Deal (N Deal was passed out) and later went down badly due to volatility in the markets in India and also globally.
More over there was a Split in the Scrip.

Areva T&D Ltd.
CMP: - 189.15
BSE Code: - 522275
Market Cap: - 4522.58
52 Week H/L: - 391.99 - 130.00

Summary: -
Areva T & D India Ltd. is an India-based company engaged in the business of power transmission and distribution. The Company’s products and systems serve to transmit and distribute electricity, as well as operate networks through information management. Areva T & D India Ltd. is present at all stages of the supply power chain, from the generator to the end user, backed by a services portfolio. The Company has a presence in more than 30 countries.

Business: -
Areva has many ‘firsts’ to its credit, thus gaining market leadership in a number of products; The company commissioned India’s first Extra High Voltage substation of 765 kV for NTPC in 2007. It built the largest power generating transformer for Reliance Energy in the same year. It is also a market leader in GIS (Gas Insulated Switchgear) substation. GIS are much more compact as they occupy significantly lesser space compared to AIS (Air Insulted Switchgear). Given the demand for space in the country, the company quickly capitalised on this need especially in urban substations. Areva is also expanding capacities for the high voltage transformers and GIS switchgears to cater to the growing market and retain leadership position.

Expansion: -
Areva plans to double its capacity over the next two years with Rs 700 crore investments in Greenfield projects. The expansion move appears timely as the company, apart from catering to local demand, has also started receiving outsourced orders from its parent.
With this Rs 700 crore investment, these facilities are coming up at Padappai and Hosur in Tamil Nadu and Vadodra in Gujarat by March 2009. With the expansions in place Areva would be able to double its Revenues over the next three years.

N Deal: -
The company already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations. It supplies steam turbines to over 30% of nuke power stations globally.

Key Positive -
Areva T& D has an order book that exceeds at least one year of Revenues, thereby provding earnings visibility. The company, even during this slow down has not witnessed any major deferments that could disturb its revenue stream.
The Expansion is a key positive factor.
N Deal has been passed which is one major positive factor for this scrip to benefit.
Good Order Book.
Financials are strong.

Have a long term view on this scrip.

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Happy Investing.
Read Disclaimer !

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Market outlook and Intraday tips for 6th Feb.

>> Friday, February 6, 2009

US markets ended a higher note.
Europe was trading volatile.
Asia has opened strong. Expect Indian Markets to open strong.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

Nifty: (2780) the support for the Nifty is at 2705 and the resistance to the up move is at 2847-2904


Day Trading Ideas -

Aban Offshores
Buy above 423 for targets of 426 and 430
Sell below 409 for targets of 405 and 402

Dish TV
Buy above 23.25 for targets of 24.10 and 25.25
Sell below 21.25 for targets of 20.50 and 19.65

GMR Infra
Buy above 70.85 for targets of 71.90 and 72.50
Sell below 68.50 for targets of 67.90 and 66.50

GVK Power
Buy above 19.20 for targets of 19.90 and 20.45
Sell below 18.40 for targets of 18 and 17.45

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Inflation to 11 months low of 5.07 percent

Inflation data was released yesterday , it is just .05 percent to go below 5 percent , it has come at 5.07 percent in 12 months to 24 January 2009,which is almost 0.60 percent down compared to previous week raised of 5.64 percent.

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Market outlook and Intraday tips for 5th Feb.

>> Thursday, February 5, 2009

US markets plung after concerns about disappointing earnings and the market ended the day with a loss.
Europe ended a higher note.
Asia is trading marginally lower.
Expect Indian Markets to open flat to negative.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

Nifty: (2803) the support for the Nifty is at 2705 and the resistance to the up move is at 2847-2904


Day Trading ideas -

Adlabs
Buy above 163 for targets of 166 and 169.50
Sell below 154 for targets of 151 and 149

Axis Bank
Buy above 399.45 for targets of 404.25 and 409.10
Sell below 388 for targets of 385 and 383

India Infoline
Buy above 43.90 for targets of 44.50 and 45.90
Sell below 41.20 for targets of 40.50 and 39.90

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Market outlook and Intraday tips for 4th Feb.

>> Wednesday, February 4, 2009

US markets ended higher after rebound in home sales was seen.
Europe ended higher too.
Asia has opended higher note. Expect the Indian Markets to open higher.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

Nifty: (2767) the support for the Nifty is at 2705 and the resistance to the up move is at 2820


Day Trading Ideas

RNRL
Buy above 46.10 for targets of 46.80 and 47.50
Sell below 44.25 for targets of 43.90 and 43.20

Tata Motors
Buy above 136 for targets of 139 and 143
Sell below 128 for targets of 125 and 122

HDIL
Buy above 80.50 for targets of 81.90 and 82.65
Sell below 78.10 for targets of 76.85 and 75.90

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Market outlook and Intraday tips for 3rd Feb.

>> Tuesday, February 3, 2009

US markets ended mixed.
Europe was trading in red. Asia has opened mixed.
I expect Indian markets to open flat to negative.
Markets may remain volatile throught the day.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9232

Nifty: (2767) the support for the Nifty is at 2705 and the resistance to the up move is at 2820


Day Trading Ideas


DLF

Buy above 156 for targets of 160 and 163

Sell below 149 for targets of 144 and 141


Hindalco

Buy above 47.90 for targets of 49.10 and 50.50

Sell below 44.10 for targets of 43.25 and 42.50


Ranbaxy Labs

Buy above 214 for targets of 218 and 221

Sell below 209 for targets of 207 and 203


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