Nifty (3430) SUPPORT-3416-3394-3357 RESISTANCE-3464-3490-3540 Nifty range 3416-3464 any move above 3464 would be a major upside, downside has many support and with last day of F&O a good panic in stocks would be chance to buy. Few ratio in option point that we would see a major upside today so I have avoided a trailing stop loss. TOP 5GAINERS=BPCL-HINDPETRO-RANBAXY-PNB-MTNL TOP5LOSER=SAIL-TATAPOWER-REL-TATASTEEL-NATIONALUM. P/E=19.25 p/b=4.58 adv=26 dec=23 NSE adv: 341 dec: 570 -vol-rs.5803crs
Sensex (11723) SUPPORT-11648-11585-11510 RESISTANCE-11804-11910-12040 Sensex gap narrowed down 11633-11643 but market has maintained its bullish outlook so any panic would be a chance to add stocks and levels above 12000 soon in my view. There would be days where investors and day traders should avoid markets and today would be one, markets is always correct and we would get it wrong so never time markets.
8dma=11571 13dma=11497 21dma=11286 34dma=10968 55dma=10730 OPEN=11735 HIGH=11756 LOW=11643 BSE adv: 1066 dec: 1474 -vol-rs.2715crs
Fiis buyer rs.368crs and Mutual funds buyer rs.73crs on Monday, Fiis buyer rs.4306crs in August month and buyer rs.17052Crs in 2006, mutual fund buyer rs.313crs in August month. F&O DATA Fiis buy rs.184crs in nifty future and sell rs.167crs in stock future on 30th August and provisional Fiis buy in cash rs.287crs source NSE website
Day That Ended: Markets stable with no major gains but sectors rotation was visible METALS losing OIL marketing & FMCG gaining high, GAMMONINDIA had many block deals with 35lac volumes and 91% delivery. RBI came out with its annual report which gave loan growth which was impressive even after 200 basis point rise in interest and RBI maintained growth at 8% GDP which would be a booster to stock markets and BANKS in particular. International markets U.S markets closed with margin gains with Crude which touched 5months low to close at $70.38 Indian ADRs closing mostly negative EURO market closed very positively and ASIAN markets has opened on a very positive note.
Outlook for Thursday: LAST day of F&O expiry & month there is a positive undertone but will markets give a big upside is wat we will have to see there can be a big spurt in bank stocks & construction stocks. Markets always give good chance to buy and sell last day of F&O expiry few stocks can have panic sale or spurt due to short covering these should be used effectively and METAL stocks if they have panic sale(8-10% down) would be a chance to add. ITC-WIPRO-TCS-IVRCL-BIOCON-BEML-BHEL-BHARTISHIPYARD-HINDSANTIWARE are stocks one can add in panic.
STOCK TECH view: MAHAVIRSPINNING: buy rs.285-290 target rs.335-340 below rs.275 its stops target should be possible by 1-2 months. HINDSANTIWARE buy rs.104-108 target rs.150 which is above 40% & above gain would take 4-5months charts are showing strong accumulation use panic in markets to add.
NEWS:
United Phosphorus has purchased certain crop protection products from Bayer Crop Science for a consideration of Euro 43.50 million, including inventories.(BS)
Aurobindo Pharma may hive off research facility, joining the dedicated R&D company bandwagon, the Rs 1,500 crore bulk drug Major Aurobindo Pharma is planning to hive off its research and development division into a separate company.(BS)
A sharp 54% jump in housing loans helped retail lending grow 47% in the first quarter of the current fiscal, according to the RBI annual report released on Wednesday. The spike in retail lending comes despite a 200 basis point hike in interest rates in the last one year.(FE)
GDP growth to stay above 8%, Riding on the back of manufacturing and services sector performance, Indian economy is likely to clock above 8 per cent growth rate almost nearing the last year performance of 8.4 per cent, industry body Assocham's survey (ET)
FMCG major Hindustan Lever Ltd (HLL) would scale up the number of Ayush Therapy centres (ATCs) to 100 in next two years and would focus on addition of new value-added services. & Hindustan Lever Ltd has diluted its stake in the Tata group company Tata Chemicals through sale of a part of its shareholding for about Rs 94.4 crore. (ET)
Nicholas Piramal India Ltd on Wednesday said its group company and diagnostic laboratories chain, Wellspring, has acquired the remaining 40 per cent stake in its joint venture with Dr Phadke's Path Labs for Rs 14 crore.(ET)
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.financialexpress.com/fe_full_story.php?content_id=138941 sharp 54% jump in housing loans.
http://www.thehindubusinessline.com/2006/08/31/stories/2006083103490100.htm Defence: Govt to partner industry
http://www.financialexpress.com/latest_full_story.php?content_id=138953 India needs to review energy taxes: Montek
Thursday, August 31, 2006
Wednesday, August 30, 2006
Daily Report August 30th Wednesday
Nifty (3425) SUPPORT-3405-3388-3357 RESISTANCE-3442-3478-3519 Nifty range 3396-3478 markets has closed more toward positive bias with last 2days of F&O expiry and the volatility is not so high but stock specific movement would be larger now. F&O expiry so below 3392 if markets stay a sell off till 3357 is also possible. TOP 5GAINERS=MARUTI-ITC-SUNPHARMA-WIPRO-HDFC TOP5LOSER=HINDLEVER-TATASTEEL-BPCL-IPCL-ORIENTBANK . P/E=19.22 p/b=4.64 adv=27 dec=22 NSE adv: 436 dec: 478 -vol-rs.5750crs
Sensex (11706) SUPPORT-11651-11570-11492 RESISTANCE-11798-11910-12040 Sensex has gaped up 11633-11651 so till this gap is not closed one can have a bullish view 12000 above levels can also be possible soon. SBIN would be a stock to watch in next 2days it can target rs.980 levels also if rs.900 above levels is maintained.
8dma=11539 13dma=11453 21dma=11239 34dma=10945 55dma=10679 OPEN=11651 HIGH=11739 LOW=11651 BSE adv: 1249 dec: 1269 -vol-rs.2710crs
Fiis buyer rs.43crs and Mutual funds seller rs.10crs on Monday, Fiis buyer rs.3937crs in August month and buyer rs.16683Crs in 2006, mutual fund buyer rs.240crs in August month. F&O DATA Fiis buy rs.289crs in nifty future and sell rs.90crs in stock future on 29th August and provisional Fiis buy in cash rs.202crs source NSE website
Day That Ended: Market opened on positive note but volumes is still a worry, failing Crude $69.93 helped the sentiment and sectors which led the gains are TECH-CONSUMER DURABLE while METALS was a notable loser after news that small price cut in steel would come. Fiis buying almost rs.4000crs and above in the month of August is a big sentiment booster and with Crude almost near 4month low and FED rate hike can face one more pause would be lead Indian markets to highest gain on monthly basis with still 2trading days left. International markets U.S market closed positive and Indian ADRs closed higher EURO market mixed and ASIAN markets opened positive.
Outlook for Wednesday: 2days more for month end close & F&O expiry also falls on that date so markets can surprise and big upside in next 2days is not ruled out as there is no major selling pressure from Fiis &MF and both have turned net buyer for the month. There is a major sector rotation and with lower crude would benefit stocks which are linked to that. WIPRO has given a breakout and would target higher levels soon and TECH stocks in general looking good on charts TCS-INFOSYS-SATYAM can give 10-15% returns soon.
STOCK TECH view: HPCL buy around rs.265-275 for a target of rs.320-330 soon stops below rs.254. BPCL buy around rs.348-355 target rs.420-430 stops below rs.338 holding period can be 1-2months.
NEWS:
Bharat Heavy Electricals (BHEL) today announced a roadmap for expanding power equipment manufacturing capacity to 10,000 MW annually at an investment of more than Rs 1,600 crore.(BS)
The board of Steel Authority of India (SAIL) today approved an investment of Rs 350 crore for three modernisation and expansion projects at its Bhilai and Bokaro plants.(BS)
Suven Life Sciences has signed an agreement with US-based Eli Lilly and Company to collaborate on pre-clinical research of molecules in the therapeutic area of central nervous system (CNS) disorders.(BS)
Tulip IT Services has received the national long distance (NLD) licence from the Department of Telecommunications (DoT).(BS)
Tata Steel, which said in June it planned to raise up to $1.4 billion through one or more equity-related sales, has invited investment banks to pitch for a $500 million-$600 million Global Depository Receipt (GDR) offering, sources said.(ET)
Domestic manufacturers of hot-rolled steel are likely to reduce prices from September 1. However, the quantum of reduction is yet to be decided and is likely to be finalized within the next two days.(BL)
ITC Ltd is scouting for prime locations to set up hotels in West Bengal. It is exploring a clutch of options, including launching these hotels under the Fortune or WelcomHeritage, two key brands in its hotels portfolio.(ET)
Hinduja TMT is scheduled to meet on August 31, 2006 to consider a scheme of
Arrangement and restructuring by way of the demerger of the company's IT & IES undertaking into a separate company.(BS)
[Dow Jones] STOCK CALL: First Global starts GAIL with a market perform rating, although valuations (at 9.3X FY07E) "extremely low as compared to that of the other global majors"; says its valuations justified "given the high regulatory risk in India". Adds, "going forward, there are a number of potential triggers, although their timing and form isn't yet clear due to various regulatory roadblocks".
[Dow Jones] WALL STREET: Stocks mounted Fed-induced comeback with techs out in front; DJIA +0.2% after early 52 point fall, NASDAQ +0.5%, Philly semicons +1.7%. Market struggled for much of session but turned positive midafternoon after release of FOMC minutes from last meeting; "the Fed made no statement that rate hikes would resume anytime soon, if at all. Also, oil breaking below the psychological 70 dollar barrier added to the positive tone.
(Dow Jones)--Capgemini the French information-technology and consulting company, has lined up $500 million for acquisitions in India , a senior company official said Tuesday.
(DJ) EADS Says To Invest EUR2Bln In India Over 15 Years EADS Chief Executive Tom Enders made the announcement during meetings with senior Indian officials. Enders is in India as a member of a German delegation headed by the country's Minister of Economics and Technology, Michael Glos .
(Bloomberg) -- National Aluminum Co., India's biggest producer of alumina, expects second-half profit to decline because of falling prices of the raw material used to make the lightweight metal.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=4894 IPCL buy-out tussle may be headed for arbitration.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6w3xjaWVJgI&refer=worldwide_news Fed Pause `Close Call'; Officials Unsure of Outlook
--
Sensex (11706) SUPPORT-11651-11570-11492 RESISTANCE-11798-11910-12040 Sensex has gaped up 11633-11651 so till this gap is not closed one can have a bullish view 12000 above levels can also be possible soon. SBIN would be a stock to watch in next 2days it can target rs.980 levels also if rs.900 above levels is maintained.
8dma=11539 13dma=11453 21dma=11239 34dma=10945 55dma=10679 OPEN=11651 HIGH=11739 LOW=11651 BSE adv: 1249 dec: 1269 -vol-rs.2710crs
Fiis buyer rs.43crs and Mutual funds seller rs.10crs on Monday, Fiis buyer rs.3937crs in August month and buyer rs.16683Crs in 2006, mutual fund buyer rs.240crs in August month. F&O DATA Fiis buy rs.289crs in nifty future and sell rs.90crs in stock future on 29th August and provisional Fiis buy in cash rs.202crs source NSE website
Day That Ended: Market opened on positive note but volumes is still a worry, failing Crude $69.93 helped the sentiment and sectors which led the gains are TECH-CONSUMER DURABLE while METALS was a notable loser after news that small price cut in steel would come. Fiis buying almost rs.4000crs and above in the month of August is a big sentiment booster and with Crude almost near 4month low and FED rate hike can face one more pause would be lead Indian markets to highest gain on monthly basis with still 2trading days left. International markets U.S market closed positive and Indian ADRs closed higher EURO market mixed and ASIAN markets opened positive.
Outlook for Wednesday: 2days more for month end close & F&O expiry also falls on that date so markets can surprise and big upside in next 2days is not ruled out as there is no major selling pressure from Fiis &MF and both have turned net buyer for the month. There is a major sector rotation and with lower crude would benefit stocks which are linked to that. WIPRO has given a breakout and would target higher levels soon and TECH stocks in general looking good on charts TCS-INFOSYS-SATYAM can give 10-15% returns soon.
STOCK TECH view: HPCL buy around rs.265-275 for a target of rs.320-330 soon stops below rs.254. BPCL buy around rs.348-355 target rs.420-430 stops below rs.338 holding period can be 1-2months.
NEWS:
Bharat Heavy Electricals (BHEL) today announced a roadmap for expanding power equipment manufacturing capacity to 10,000 MW annually at an investment of more than Rs 1,600 crore.(BS)
The board of Steel Authority of India (SAIL) today approved an investment of Rs 350 crore for three modernisation and expansion projects at its Bhilai and Bokaro plants.(BS)
Suven Life Sciences has signed an agreement with US-based Eli Lilly and Company to collaborate on pre-clinical research of molecules in the therapeutic area of central nervous system (CNS) disorders.(BS)
Tulip IT Services has received the national long distance (NLD) licence from the Department of Telecommunications (DoT).(BS)
Tata Steel, which said in June it planned to raise up to $1.4 billion through one or more equity-related sales, has invited investment banks to pitch for a $500 million-$600 million Global Depository Receipt (GDR) offering, sources said.(ET)
Domestic manufacturers of hot-rolled steel are likely to reduce prices from September 1. However, the quantum of reduction is yet to be decided and is likely to be finalized within the next two days.(BL)
ITC Ltd is scouting for prime locations to set up hotels in West Bengal. It is exploring a clutch of options, including launching these hotels under the Fortune or WelcomHeritage, two key brands in its hotels portfolio.(ET)
Hinduja TMT is scheduled to meet on August 31, 2006 to consider a scheme of
Arrangement and restructuring by way of the demerger of the company's IT & IES undertaking into a separate company.(BS)
[Dow Jones] STOCK CALL: First Global starts GAIL with a market perform rating, although valuations (at 9.3X FY07E) "extremely low as compared to that of the other global majors"; says its valuations justified "given the high regulatory risk in India". Adds, "going forward, there are a number of potential triggers, although their timing and form isn't yet clear due to various regulatory roadblocks".
[Dow Jones] WALL STREET: Stocks mounted Fed-induced comeback with techs out in front; DJIA +0.2% after early 52 point fall, NASDAQ +0.5%, Philly semicons +1.7%. Market struggled for much of session but turned positive midafternoon after release of FOMC minutes from last meeting; "the Fed made no statement that rate hikes would resume anytime soon, if at all. Also, oil breaking below the psychological 70 dollar barrier added to the positive tone.
(Dow Jones)--Capgemini the French information-technology and consulting company, has lined up $500 million for acquisitions in India , a senior company official said Tuesday.
(DJ) EADS Says To Invest EUR2Bln In India Over 15 Years EADS Chief Executive Tom Enders made the announcement during meetings with senior Indian officials. Enders is in India as a member of a German delegation headed by the country's Minister of Economics and Technology, Michael Glos .
(Bloomberg) -- National Aluminum Co., India's biggest producer of alumina, expects second-half profit to decline because of falling prices of the raw material used to make the lightweight metal.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=4894 IPCL buy-out tussle may be headed for arbitration.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6w3xjaWVJgI&refer=worldwide_news Fed Pause `Close Call'; Officials Unsure of Outlook
--
Tuesday, August 29, 2006
STOCK TECH view
STOCK TECH view: BIOCON this stock was recommended at lower levels it reached rs.403 and corrected now at rs.370-380 one can buy it can cross rs.430 soon so reward in my view looks attractive and long term target can be much higher. WOCKHARD is a clear underperformer in this rally and would soon catch up in my view investor with a longer term view can accumulate the stock.
Daily Report August 29th Tuesday
Nifty (3401) SUPPORT-3380-3361-3337 RESISTANCE-3435-3475-3504 Nifty range 3380-3475 and higher levels profit booking would come but in case we close above 3450-3470 we could see another 100-150points rise in last 2days of F&O expiry. ONGC-RELIANCE would be the stock to be watch RIL above 1126 would target rs.1160-1190 and even above soon, and strict trailing stop loss is maintained at 3355 for nifty. TOP 5GAINERS=HINDPETRO-BPCL-LT-HINDALCO-RANBAXY TOP5LOSER=DRREDDY-GAIL-SUNPHARMA-ZEETELE-CIPLA. P/E=19 p/b=4.58 adv=31 dec=16 NSE adv:543 dec:363 -vol-rs.4830crs
Sensex (11619) SUPPORT-11556-11482-11426 RESISTANCE-11688-11765-11877 Sensex above 11635 should give a big upside but now we should not break 11500 on the downside on the higher side 11930 which has been a major resistance & support in last rally would be one place were sensex would find a major resistance.
8dma=11510 13dma=11410 21dma=11190 34dma=10913 55dma=10631 OPEN=11583 HIGH=11633 LOW=11552 BSE adv: 1431 dec: 1047 -vol-rs.2364crs
Fiis buyer rs.67crs and Mutual funds buyer rs.193crs on Friday, Fiis buyer rs.3893crs in August month and buyer rs.16640Crs in 2006, mutual fund buyer rs.251crs in August month. F&O DATA Fiis sell rs.67crs in nifty future and sell rs.8crs in stock future on 28th August and provisional Fiis sell in cash rs.32crs source NSE website
Day That Ended: LOW volume day with no major activity and late buying made markets close at higher levels Crude $70.50 & FED would pause rate hike could be reasons for the late rally. BSEMETAL-CAPITALGOODS-OIL&GAS were noticeable gainers but very low volume and positive advance decline ratio is not a good sign, if the low volume is due to festival season then it is understandable. International markets U.S markets end higher as oil prices pull back Market also enlivened by mergers and acquisitions, Indian ADRs closed positive, EURO markets closed positive and ASIAN markets has opened on a very positive note.
Outlook for Tuesday: HPCL-BPCL would be the best stock for the day and they can give fast returns of 10-15% returns very soon. BIOCON-GDL-HIMATSEIDE-HINDSANTIARY-AMTEKAUTO-WOCKHARD-TVSMOTORS-PUNJABTRACTOR would be stock which would give good returns in short term. And fall of crude due to many factors would boost many stocks related to it IPCL-HPCL-BPCL-GAIL-RELIANCE-CENTURYENKA-INDORAMASYS-POLYPLEX-XPROINDIA are few stocks many packing-manmadefibre industry stocks there.
http://prabhakar-views.blogspot.com/2006/08/crude-can-crash.html this was about crude.
Mylan take over of Matrix lab would open the floodgates for many more takeovers & tie-up in pharma (VALUE PICK) WOCKHARD-BIOCON-ORCHIDCHEM- CIPLA-RANABXY.
STOCK TECH view: BIOCON this stock was recommended at lower levels it reached rs.403 and corrected now at rs.370-380 one can buy it can cross rs.430 soon so reward in my view looks attractive and long term target can be much higher. WOCKHARD is a clear underperformer in this rally and would soon catch up in my view investor with a longer term view can accumulate the stock.
Counter view: Profit in stock market is made only when investment is made at the right price but I fail to understand majority sell in panic at low and same people buy back at higher levels and many talk about resistance and support too much and if u r a investor all these jargon is of no use. http://prabhakar-views.blogspot.com/2006/08/guru-vs-student_27.html “Rake the markets for bargains. Markets make mistakes” – Benjamin Graham I would advise everyone to read this great people of all time in stock market.
NEWS:
Stone India Ltd, supplier of brake systems and train lighting alternators for the railroad industry, on Monday said it has bagged an initial defence freight car up-gradation order from the ministry of defence.(BL)
Bajaj Auto will invest Rs 2,000 crore to set up a Greenfield facility near Pune for manufacturing four-wheeled commercial vehicles.(BS)
Ultratech Ltd has earmarked a capex of Rs 1,424 crore, which will be spent over the next three years.(BL)
The Karnataka government on Monday cleared IT major Tata Consultancy Services' (TCS) proposal for special economic zones (SEZs) at four locations in the state with a combined investment of Rs 1,150 crore.(BS)
Larsen & Toubro Ltd (L&T) has informed the BSE that the members at the annual general meeting (AGM) of the company held on August 25, 2006, have approved the issue of bonus shares in the ratio of 1:1(BL)
Shree Renuka Sugars Ltd has entered into an agreement with an European utility company for sale of about 11,500 Certified Emission Reductions (CERs) from their Munoli Project in Karnataka.(ET)
Sintex Industries Ltd on Monday said it would invest Rs 410 crore in next four years for its expansion plan, which includes increasing the capacity for its plastic and textile divisions- (ET)--Bharati Shipyard Ltd on Monday said it has bagged an order with offshore division of Great Eastern Shipping Co Ltd (GESCO) for manufacture and supply of a jack up drill rig
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=102842 Steel prices stabilise on global trend.
http://news.bbc.co.uk/2/hi/business/5293950.stm BP increases Alaskan oil output
Sensex (11619) SUPPORT-11556-11482-11426 RESISTANCE-11688-11765-11877 Sensex above 11635 should give a big upside but now we should not break 11500 on the downside on the higher side 11930 which has been a major resistance & support in last rally would be one place were sensex would find a major resistance.
8dma=11510 13dma=11410 21dma=11190 34dma=10913 55dma=10631 OPEN=11583 HIGH=11633 LOW=11552 BSE adv: 1431 dec: 1047 -vol-rs.2364crs
Fiis buyer rs.67crs and Mutual funds buyer rs.193crs on Friday, Fiis buyer rs.3893crs in August month and buyer rs.16640Crs in 2006, mutual fund buyer rs.251crs in August month. F&O DATA Fiis sell rs.67crs in nifty future and sell rs.8crs in stock future on 28th August and provisional Fiis sell in cash rs.32crs source NSE website
Day That Ended: LOW volume day with no major activity and late buying made markets close at higher levels Crude $70.50 & FED would pause rate hike could be reasons for the late rally. BSEMETAL-CAPITALGOODS-OIL&GAS were noticeable gainers but very low volume and positive advance decline ratio is not a good sign, if the low volume is due to festival season then it is understandable. International markets U.S markets end higher as oil prices pull back Market also enlivened by mergers and acquisitions, Indian ADRs closed positive, EURO markets closed positive and ASIAN markets has opened on a very positive note.
Outlook for Tuesday: HPCL-BPCL would be the best stock for the day and they can give fast returns of 10-15% returns very soon. BIOCON-GDL-HIMATSEIDE-HINDSANTIARY-AMTEKAUTO-WOCKHARD-TVSMOTORS-PUNJABTRACTOR would be stock which would give good returns in short term. And fall of crude due to many factors would boost many stocks related to it IPCL-HPCL-BPCL-GAIL-RELIANCE-CENTURYENKA-INDORAMASYS-POLYPLEX-XPROINDIA are few stocks many packing-manmadefibre industry stocks there.
http://prabhakar-views.blogspot.com/2006/08/crude-can-crash.html this was about crude.
Mylan take over of Matrix lab would open the floodgates for many more takeovers & tie-up in pharma (VALUE PICK) WOCKHARD-BIOCON-ORCHIDCHEM- CIPLA-RANABXY.
STOCK TECH view: BIOCON this stock was recommended at lower levels it reached rs.403 and corrected now at rs.370-380 one can buy it can cross rs.430 soon so reward in my view looks attractive and long term target can be much higher. WOCKHARD is a clear underperformer in this rally and would soon catch up in my view investor with a longer term view can accumulate the stock.
Counter view: Profit in stock market is made only when investment is made at the right price but I fail to understand majority sell in panic at low and same people buy back at higher levels and many talk about resistance and support too much and if u r a investor all these jargon is of no use. http://prabhakar-views.blogspot.com/2006/08/guru-vs-student_27.html “Rake the markets for bargains. Markets make mistakes” – Benjamin Graham I would advise everyone to read this great people of all time in stock market.
NEWS:
Stone India Ltd, supplier of brake systems and train lighting alternators for the railroad industry, on Monday said it has bagged an initial defence freight car up-gradation order from the ministry of defence.(BL)
Bajaj Auto will invest Rs 2,000 crore to set up a Greenfield facility near Pune for manufacturing four-wheeled commercial vehicles.(BS)
Ultratech Ltd has earmarked a capex of Rs 1,424 crore, which will be spent over the next three years.(BL)
The Karnataka government on Monday cleared IT major Tata Consultancy Services' (TCS) proposal for special economic zones (SEZs) at four locations in the state with a combined investment of Rs 1,150 crore.(BS)
Larsen & Toubro Ltd (L&T) has informed the BSE that the members at the annual general meeting (AGM) of the company held on August 25, 2006, have approved the issue of bonus shares in the ratio of 1:1(BL)
Shree Renuka Sugars Ltd has entered into an agreement with an European utility company for sale of about 11,500 Certified Emission Reductions (CERs) from their Munoli Project in Karnataka.(ET)
Sintex Industries Ltd on Monday said it would invest Rs 410 crore in next four years for its expansion plan, which includes increasing the capacity for its plastic and textile divisions- (ET)--Bharati Shipyard Ltd on Monday said it has bagged an order with offshore division of Great Eastern Shipping Co Ltd (GESCO) for manufacture and supply of a jack up drill rig
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=102842 Steel prices stabilise on global trend.
http://news.bbc.co.uk/2/hi/business/5293950.stm BP increases Alaskan oil output
Sunday, August 27, 2006
GURU vs STUDENT
The first step in identifying an appropriate investment strategy is to take a close look at historical data on asset returns. We can then apply reverse engineering to identify the investment model that has proven the most sustainable and profitable over the long run. Taking George Santayana words, we believe that those who do not study history are doomed to repeat it.
The soundness of equity investing in terms of long-term average performance now validated, we can identify the correct strategy to put in place in order to get a satisfactory performance. When it comes to strategy, everybody wants to buy low and sell high. But how low is low and how high is high? Generally, the market is torn between two camps: Growth and Value. Growth investors believe in buying stocks with above-average earnings growth no matter what the price. Value investors look exclusively for stocks that are trading at a discount to their usual valuation. What we tend to find out over the long term is that growth companies, mostly overpriced, will tend to regress to the norm or lower while undervalued companies will tend to advance to the norm or higher. Let us analyze historical data since, even though we are constantly reminded that past performance is no guarantee for future performance, we haven’t found a better way to identify the winners from the losers.
The teacher Benjamin Graham was a seminal figure on Wall Street and is widely acknowledged to be the father of modern security analysis. As the founder of the value school of investing at Columbia University. Graham influenced such subsequent investment professionals as Warren Buffett, Mario Gabelli, John Neff, Michael Price, Bill Ruane, Al Frank, Charles Brandes and John Bogle. His timeless books, Security Analysis and The Intelligent Investor, are still considered the references for both individual and professional investors. Written only a few years after the devastating stock market crash of 1929, his value investing methods have one objective: to make the investment process as safe as possible.
The student Buffett, the most famous of Graham’s students, believed strongly in Graham's theory that it is wise to look for stocks of companies which are undervalued and will most probably prosper over time. Thus began Buffett’s untraditional approach to portfolio management. After working for his father's investment banking company for the three years after business school, Buffett returned to New York and worked as a security analyst at Graham's company for two years until 1956. In that year, at the age of twenty-five, he started his own investment company, Buffett Partnership, using $5,000 of his own funds and collecting $100,000 from interested friends and family. Since 1965 he has been the CEO of Berkshire Hathaway, a conglomerate that owns simple and understandable businesses with a long history of success. In 2002, company sales were $42,6 billions and earnings $4,2 billions.
An investor looks for good investments that are reasonably priced, while a speculator “bets” on risky vehicles. An investor holds high-quality stocks for the long term and anticipates gradual price appreciation. But speculators hope for rapid gains, so they can sell quickly and move on to their next gamble. Sometimes they win, and sometimes they lose. If you want to achieve your long-term financial goals, you might want to heed Graham’s advice: Be an investor, not a speculator.
Your financial picture is not exactly like anyone else’s, so you will need to create investment strategies that are tailored to your needs, goals and preferences. You may benefit from working with a financial professional who knows your situation and can recommend appropriate solutions. So, listen to the words of experience - but let your own voice be your true guide.
Benjamin Graham once commented that the biggest trap into which investors fall is the decouple price from value, to stray from the facts and base trading decisions on the action of others. By relying on dubious statistics and market timing scenarios - rather than focusing on companies and their fundamental performances, investors undermine their goals. These mistakes explain why most investors fail to achieve adequate returns over the long run.
“Either you see it or you don’t, and what we see is that patience is a discipline that works beautifully in the stock market” – Warren Buffett
“Most of the money I make is in the third or fourth year I’ve owned something” - Peter Lynch
“How much is this company worth?” is probably the first reasonable question to ask before investing in a company, yet how many people raise this question? To invest wisely, you need to understand the principles of valuation.
“Rake the markets for bargains. Markets make mistakes” – Benjamin Graham
Buffet’s genius is largely his character – of patience, discipline, and rationality; his talent, of unrivaled independence of mind and the ability to shut out the financial world of Wall Street and the CNBCs of this world. He once wrote that he would no more take an investment banker’s opinion on whether to do a deal than he would ask a barber whether he needed a haircut.
Patience is the prime quality of the value investor as success in the market is linked to the price you pay and the time period you hold on to your shares. Buy a growth stock at an attractive low price with the intention of holding it over the long run and your chances of a strong gain are excellent. But buy the same high quality stock at a high price and your chances of profit are reduced significantly. The basic principle here is that one should not buy a stock unless it has reached the right price.
The soundness of equity investing in terms of long-term average performance now validated, we can identify the correct strategy to put in place in order to get a satisfactory performance. When it comes to strategy, everybody wants to buy low and sell high. But how low is low and how high is high? Generally, the market is torn between two camps: Growth and Value. Growth investors believe in buying stocks with above-average earnings growth no matter what the price. Value investors look exclusively for stocks that are trading at a discount to their usual valuation. What we tend to find out over the long term is that growth companies, mostly overpriced, will tend to regress to the norm or lower while undervalued companies will tend to advance to the norm or higher. Let us analyze historical data since, even though we are constantly reminded that past performance is no guarantee for future performance, we haven’t found a better way to identify the winners from the losers.
The teacher Benjamin Graham was a seminal figure on Wall Street and is widely acknowledged to be the father of modern security analysis. As the founder of the value school of investing at Columbia University. Graham influenced such subsequent investment professionals as Warren Buffett, Mario Gabelli, John Neff, Michael Price, Bill Ruane, Al Frank, Charles Brandes and John Bogle. His timeless books, Security Analysis and The Intelligent Investor, are still considered the references for both individual and professional investors. Written only a few years after the devastating stock market crash of 1929, his value investing methods have one objective: to make the investment process as safe as possible.
The student Buffett, the most famous of Graham’s students, believed strongly in Graham's theory that it is wise to look for stocks of companies which are undervalued and will most probably prosper over time. Thus began Buffett’s untraditional approach to portfolio management. After working for his father's investment banking company for the three years after business school, Buffett returned to New York and worked as a security analyst at Graham's company for two years until 1956. In that year, at the age of twenty-five, he started his own investment company, Buffett Partnership, using $5,000 of his own funds and collecting $100,000 from interested friends and family. Since 1965 he has been the CEO of Berkshire Hathaway, a conglomerate that owns simple and understandable businesses with a long history of success. In 2002, company sales were $42,6 billions and earnings $4,2 billions.An investor looks for good investments that are reasonably priced, while a speculator “bets” on risky vehicles. An investor holds high-quality stocks for the long term and anticipates gradual price appreciation. But speculators hope for rapid gains, so they can sell quickly and move on to their next gamble. Sometimes they win, and sometimes they lose. If you want to achieve your long-term financial goals, you might want to heed Graham’s advice: Be an investor, not a speculator.
Your financial picture is not exactly like anyone else’s, so you will need to create investment strategies that are tailored to your needs, goals and preferences. You may benefit from working with a financial professional who knows your situation and can recommend appropriate solutions. So, listen to the words of experience - but let your own voice be your true guide.
Benjamin Graham once commented that the biggest trap into which investors fall is the decouple price from value, to stray from the facts and base trading decisions on the action of others. By relying on dubious statistics and market timing scenarios - rather than focusing on companies and their fundamental performances, investors undermine their goals. These mistakes explain why most investors fail to achieve adequate returns over the long run.
“Either you see it or you don’t, and what we see is that patience is a discipline that works beautifully in the stock market” – Warren Buffett
“Most of the money I make is in the third or fourth year I’ve owned something” - Peter Lynch“How much is this company worth?” is probably the first reasonable question to ask before investing in a company, yet how many people raise this question? To invest wisely, you need to understand the principles of valuation.
“Rake the markets for bargains. Markets make mistakes” – Benjamin Graham
Buffet’s genius is largely his character – of patience, discipline, and rationality; his talent, of unrivaled independence of mind and the ability to shut out the financial world of Wall Street and the CNBCs of this world. He once wrote that he would no more take an investment banker’s opinion on whether to do a deal than he would ask a barber whether he needed a haircut.
Patience is the prime quality of the value investor as success in the market is linked to the price you pay and the time period you hold on to your shares. Buy a growth stock at an attractive low price with the intention of holding it over the long run and your chances of a strong gain are excellent. But buy the same high quality stock at a high price and your chances of profit are reduced significantly. The basic principle here is that one should not buy a stock unless it has reached the right price.
Saturday, August 26, 2006
investor VS speculator
WIPRO: Wipro has been consolidating very good and this would be the classis example of how big hand when they buy they never allow the stock to cross certain levels in case of Wipro it is rs.525 above levels but important to note is the lows have been moving higher suggesting that enough volumes are not available and once rs.525 above levels are crossed stock would perform better than index as the stock has gone into the strong hands. Many investor I have seen never like to hold good stock which are not performing for 2-3months and they would be cursing everyone that the stock is not moving up while every stock in markets is zooming but they fail to understand dynamics of stock markets a stocks needs jus few trading days to gain even 50-100% and which are those few days is the biggest ? If everyone can know that all would make money in markets here I would add …“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffett, How do people act greedy? By chasing after “hot” stocks in hopes of ever-higher gains - even if the stock prices are not supported by earnings and other key fundamentals. How do investors express their fear? By trying to “cut their losses” through selling stocks when the price drops - even if the stocks still offer good long-term growth potential. (So art of making money in stock markets differ person to person so when u follow someone one should understand the method he follows and if that suits u r urgency and returns a speculator and a day trader shouldn’t buy a stock because warren buffet is buying or recommending)
Daily Report August 28th Monday
Nifty (3385) SUPPORT-3369-3337-3311 RESISTANCE-3405-3435-3475 Nifty range 3369-3435 markets be more flat due to F&O expiry and any decisive break above 3435 would be very bullish for markets. Heavy Puts-Calls written at 3400 gives a range of 3360-3430 for a closing basis in nifty for the next 2days. TOP 5GAINERS=ZEETELE-SBIN-GAIL-HINDALCO-HINDLEVER TOP5LOSER=REL-BPCL-TATAMOTORS-WIPRO-DRREDDY. P/E=19 p/b=4.58 adv=32 dec=18 NSE adv: 551 dec: 365 -vol-rs.6476crs
Sensex (11572) SUPPORT-11519-11432-11360 RESISTANCE-11648-11714-11830 Sensex has given a positive close in spite of weekend squaring off which is a good sign as intraday movement was jus 93points. Index should move out of this range and give solid gains in the coming week as 3months of correction and consolidation this month has given the highest gain so far and any 300-500 points gain the coming week would be very good sign.
8dma=11489 13dma=11363 21dma=11148 34dma=10885 55dma=10592 OPEN=11589 HIGH=11635 LOW=11542 BSE adv: 1432 dec: 1056 -vol-rs.3194crs
Fiis buyer rs.67crs and Mutual funds buyer rs.58crs on Thursday, Fiis buyer rs.3826crs in August month and buyer rs.16572Crs in 2006, mutual fund buyer rs.57crs in August month. F&O DATA Fiis buy rs.138crs in nifty future and sell rs.231crs in stock future on 25th August and provisional Fiis sell in cash rs.59crs source NSE website
Day That Ended: Markets gaped up to close it back weekend consideration and F&O expiry where few factors which made traders to unwind position and with no major movement, good volumes and positive advance to decline ratio. METALS-CD-BANKEX-FMCG where few sector index which has moved up and BSE METAL is looking like a breakout. International markets U.S markets mixed NASDAQ closed positive while DOW in negative but both marginally Indian ADRs flat to negative EURO markets flat to positive Crude $72.51.
Outlook for Monday: Bullish view and more towards stocks which haven’t preformed BEML-BHARTISHIPYARD-WIPRO -SAIL-BIOCON-NELCO-HPCL-BPCL-WOCKHARD-ONGC. FED Chief failed to give any indication of how interest rate regime would be going forward which has made many to think one more pause would be possible but any cut in rate would surprise markets on the upside, And with Hurricane turning into a storm Crude prices would ease
STOCK TECH view: Bhartishipyard: Buy rs.300-320 target rs.405-425 which is solid 25% returns so it is worth investment even if takes 5-6months but in my view this would soon be a flier soon jus have a look at graph http://prabhakar-views.blogspot.com Sail is looking good in graph above rs.80 close for 2-3days would give 15-20% at a very fast time period.
Counter view: WIPRO: Wipro has been consolidating very good and this would be the classis example of how big hand when they buy they never allow the stock to cross certain levels in case of Wipro it is rs.525 above levels but important to note is the lows have been moving higher suggesting that enough volumes are not available and once rs.525 above levels are crossed stock would perform better than index as the stock has gone into the strong hands. Many investor I have seen never like to hold good stock which are not performing for 2-3months and they would be cursing everyone that the stock is not moving up while every stock in markets is zooming but they fail to understand dynamics of stock markets a stocks needs jus few trading days to gain even 50-100% and which are those few days is the biggest ? If everyone can know that all would make money in markets here I would add …“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffett, How do people act greedy? By chasing after “hot” stocks in hopes of ever-higher gains - even if the stock prices are not supported by earnings and other key fundamentals. How do investors express their fear? By trying to “cut their losses” through selling stocks when the price drops - even if the stocks still offer good long-term growth potential. (So art of making money in stock markets differ person to person so when u follow someone one should understand the method he follows and if that suits u r urgency and returns a speculator and a day trader shouldn’t buy a stock because warren buffet is buying or recommending)
NEWS:
Corporate news:
(Reuters) - Hindustan Motors Ltd. will invest 1 billion rupees in five years to expand and diversify its car plant in Uttarpara, near Kolkata, a top official said.
(DNA)- Engineering giant Larsen and Toubro is confident of bagging the construction rights of at least one of the two airports which were handed over to private parties recently, chairman and managing director A M Naik said on Friday.
(Market Watch)- India's HT Media says open to Wall Street Journal taking stake, If the (government) rules allow, we have no problems (with the Wall Street Journal buying a stake)," Seema Chandra, chief financial officer of HT Media told Dow Jones Newswires. "It only cements the relationship." Earlier Friday, HT Media and the Wall Street Journal announced an agreement under which the Indian company's soon-to-be-launched business daily and its web site will publish Wall Street Journal branded pages.
(BS)- Voltas and Netherlands-based Besseling-Group are forming a strategic partnership to deliver turnkey solutions for storage of horticulture produce using controlled atmosphere (CA)/ ultra-low-oxygen (ULO) technology.
(BS)- FMCG major Emami is planning to promote Boro Plus as a global brand in order to become an Indian FMCG transnational in five years.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.newstarget.com/003228.html The unauthorized history of Coca-Cola
http://www.hindustantimes.com/news/181_1777141,000600010001.htm cable operators to maintain a 24X7 complaint center.
http://article.wn.com/view/2006/08/25/Investors_advised_to_bet_on_India_China Investors advised to bet on India & China
http://www.chinadaily.com.cn/world/2006-08/26/content_674955.htm Tropical Storm hits Caribbean
Sensex (11572) SUPPORT-11519-11432-11360 RESISTANCE-11648-11714-11830 Sensex has given a positive close in spite of weekend squaring off which is a good sign as intraday movement was jus 93points. Index should move out of this range and give solid gains in the coming week as 3months of correction and consolidation this month has given the highest gain so far and any 300-500 points gain the coming week would be very good sign.
8dma=11489 13dma=11363 21dma=11148 34dma=10885 55dma=10592 OPEN=11589 HIGH=11635 LOW=11542 BSE adv: 1432 dec: 1056 -vol-rs.3194crs
Fiis buyer rs.67crs and Mutual funds buyer rs.58crs on Thursday, Fiis buyer rs.3826crs in August month and buyer rs.16572Crs in 2006, mutual fund buyer rs.57crs in August month. F&O DATA Fiis buy rs.138crs in nifty future and sell rs.231crs in stock future on 25th August and provisional Fiis sell in cash rs.59crs source NSE website
Day That Ended: Markets gaped up to close it back weekend consideration and F&O expiry where few factors which made traders to unwind position and with no major movement, good volumes and positive advance to decline ratio. METALS-CD-BANKEX-FMCG where few sector index which has moved up and BSE METAL is looking like a breakout. International markets U.S markets mixed NASDAQ closed positive while DOW in negative but both marginally Indian ADRs flat to negative EURO markets flat to positive Crude $72.51.
Outlook for Monday: Bullish view and more towards stocks which haven’t preformed BEML-BHARTISHIPYARD-WIPRO -SAIL-BIOCON-NELCO-HPCL-BPCL-WOCKHARD-ONGC. FED Chief failed to give any indication of how interest rate regime would be going forward which has made many to think one more pause would be possible but any cut in rate would surprise markets on the upside, And with Hurricane turning into a storm Crude prices would ease
STOCK TECH view: Bhartishipyard: Buy rs.300-320 target rs.405-425 which is solid 25% returns so it is worth investment even if takes 5-6months but in my view this would soon be a flier soon jus have a look at graph http://prabhakar-views.blogspot.com Sail is looking good in graph above rs.80 close for 2-3days would give 15-20% at a very fast time period.
Counter view: WIPRO: Wipro has been consolidating very good and this would be the classis example of how big hand when they buy they never allow the stock to cross certain levels in case of Wipro it is rs.525 above levels but important to note is the lows have been moving higher suggesting that enough volumes are not available and once rs.525 above levels are crossed stock would perform better than index as the stock has gone into the strong hands. Many investor I have seen never like to hold good stock which are not performing for 2-3months and they would be cursing everyone that the stock is not moving up while every stock in markets is zooming but they fail to understand dynamics of stock markets a stocks needs jus few trading days to gain even 50-100% and which are those few days is the biggest ? If everyone can know that all would make money in markets here I would add …“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffett, How do people act greedy? By chasing after “hot” stocks in hopes of ever-higher gains - even if the stock prices are not supported by earnings and other key fundamentals. How do investors express their fear? By trying to “cut their losses” through selling stocks when the price drops - even if the stocks still offer good long-term growth potential. (So art of making money in stock markets differ person to person so when u follow someone one should understand the method he follows and if that suits u r urgency and returns a speculator and a day trader shouldn’t buy a stock because warren buffet is buying or recommending)
NEWS:
Corporate news:
(Reuters) - Hindustan Motors Ltd. will invest 1 billion rupees in five years to expand and diversify its car plant in Uttarpara, near Kolkata, a top official said.
(DNA)- Engineering giant Larsen and Toubro is confident of bagging the construction rights of at least one of the two airports which were handed over to private parties recently, chairman and managing director A M Naik said on Friday.
(Market Watch)- India's HT Media says open to Wall Street Journal taking stake, If the (government) rules allow, we have no problems (with the Wall Street Journal buying a stake)," Seema Chandra, chief financial officer of HT Media told Dow Jones Newswires. "It only cements the relationship." Earlier Friday, HT Media and the Wall Street Journal announced an agreement under which the Indian company's soon-to-be-launched business daily and its web site will publish Wall Street Journal branded pages.
(BS)- Voltas and Netherlands-based Besseling-Group are forming a strategic partnership to deliver turnkey solutions for storage of horticulture produce using controlled atmosphere (CA)/ ultra-low-oxygen (ULO) technology.
(BS)- FMCG major Emami is planning to promote Boro Plus as a global brand in order to become an Indian FMCG transnational in five years.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.newstarget.com/003228.html The unauthorized history of Coca-Cola
http://www.hindustantimes.com/news/181_1777141,000600010001.htm cable operators to maintain a 24X7 complaint center.
http://article.wn.com/view/2006/08/25/Investors_advised_to_bet_on_India_China Investors advised to bet on India & China
http://www.chinadaily.com.cn/world/2006-08/26/content_674955.htm Tropical Storm hits Caribbean
BHARTI SHIPYARD
Bhartishipyard: Buy rs.309-320 target rs.405-425 which is solid 25% returns so it is worth investment even if takes 5-6months but in my view this would soon be a flier 15 min ,hourly charts are given above click thm to enlarge it.
Friday, August 25, 2006
PUNJLLOYD
PUNJLLOYD stock has a strong support at rs.730 and would give good solid reward of 15-20% and risk should be below rs.730.
Daily Report August 25th Friday
Nifty (3370) SUPPORT-3354-3337-3310 RESISTANCE-3398-3429-3475 Nifty range 3366-3450 now one should have more aggressive stop loss and it has to be placed at 3337 and we need to break above 3400 and close. Nifty is showing signs of reaching target of 3800 in 2months but each and every day would be a struggle between bulls & bears till a new high is reached so there is no place for complacent. TOP 5GAINERS=IPCL-PNB-RELIANCE-GAIL-HINDALCO TOP5LOSER=ABB-ONGC-REL-SAIL-BHEL. P/E=18.91 p/b=4.56 adv=42 dec=8 NSE adv: 490 dec: 419 -vol-rs.6747crs
Sensex (11531) SUPPORT-11447-11380-11305 RESISTANCE-11598-11688-10772 Sensex has done with its correction now it should target higher levels markets would be very bullish till 11447 is not cut on the lower side and Thursday close gives a confirmation for a gap up open and we could possibly see one more day of big gains. TECH=WIPRO+INFY+SATYMCOMP+TCS & RELIANCE would possibly do the magic.
8dma=10457 13dma=11305 21dma=11103 34dma=10854 55dma=10560 OPEN=11367 HIGH=11566 LOW=11297 BSE adv: 1346 dec: 1121 -vol-rs.3164crs
Fiis seller rs.9crs and Mutual funds seller rs.28crs on Wednesday, Fiis buyer rs.3810crs in August month and buyer rs.16557Crs in 2006, mutual fund buyer rs.226crs in August month. F&O DATA Fiis sell rs.535crs in nifty future and sell rs.398crs in stock future on 24th August and provisional Fiis sell in cash rs.24crs source NSE website
Day That Ended: Market opened week and gained strength as the day progressed and short covering towards the end made Nifty fut to close at premium and OIL-METALS-AUTO where the sectors which gained. The rise has been with rise in volumes with positive advance to decline ratio and no major negative news in markets for now that is major positive news. Iran response and reaction would take time and it would cool off oil markets and with France sending more troops Lebanon there is temporary peace in place now in Middle East Crude $72.82 moved up due to Tropical Storm Ernesto. International markets U.S closed positive Indian ADRs mixed with more positive bias EURO market closed big positive and ASIAN markets has opened on a positive note.
Outlook for Friday: Markets to be positive with TECH stocks which would make a big difference soon BSEIT & BSETECK is giving a impression that they would give nearly 30% returns soon. RELIANCE-IPCL have given a good breakout and soon all time high would be breached, markets staying at higher levels would force short to push the markets up and TITAN-SBIN-BHEL- TECH & AUTO SECTOR stocks would be in limelight with Metals.
http://in.groups.yahoo.com/group/prabhakar-views/files/daily%20update here delivery volumes is loaded and HEROHONDA has 70% delivery and lot of info given in file & link.
STOCK TECH view: WIPRO breakout above rs.525 and would target rs.585-600 soon but one can buy in before a breakout also and the stock is showing lot of strength. PUNJLLOYD stock has a strong support at rs.730 and would give good solid reward of 15-20% and risk should be below rs.730.
NEWS:
The global emergence and resurgence of epidemics such as AIDS, tuberculosis and malaria is expected to translate into a $2 billion opportunity for Indian generic players, particularly early movers such as Cipla, Aurobindo and Lupin.(TOI)
Punj Lloyd has signed a 49:51 joint venture agreement with Germany-based KAEFER GmbH, a world leader in insulation business. (BS)
Larsen & Toubro Ltd along with its consortium partner, Denmark's Haldor Topsoe AS, has bagged an order worth over Rs 698 crore ($150 million) from Saudi Formaldehyde Chemical Company Ltd, for setting up high technology methanol and carbon monoxide plants.(ET)
Economic ministers of the Association of Southeast Asian Nations (ASEAN) and India Thursday reaffirmed their will to move forward their negotiations on trade in goods.
BP, the UK oil giant, was forced to further reduce production from its Alaskan oil field on Wednesday, after it had to shut down a gathering centre due to a mechanical failure in a compressor. That cut daily production from 200,000 barrels to 110,000 barrels, which is likely to have repercussions in the tightly-balanced oil market, which was rattled when BP last cut production from the field. (FT)
Tata Group plans to invest Rs 1.20 trillion ($25.8 billion) in the next three to five years in telecommunications, steel, chemicals, power and other industries, a Group official said on Thursday.(FE)
http://in.groups.yahoo.com/group/prabhakar-views/join
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.kommersant.com/page.asp?idr=527&id=699853 Tehran's response to the proposals of the Six
http://www.newratings.com/analyst_news/article_1352615.html Tata Group acquires 30% stake in Glaceau
http://news.xinhuanet.com/english/2006-08/24/content_5002909.htm?rss=1 India to move forward FTA negotiations
http://economictimes.indiatimes.com/articleshow/1923729.cms
http://abcnews.go.com/WNT/story?id=2349435&page=1 White House Softens Iran Nuclear Response
http://www.bloomberg.com/apps/news?pid=20602099&sid=a7cfnmcsRYYA&refer=energy Crude Oil Rises as Storm Forms
http://timesofindia.indiatimes.com/articleshow/1924268.cms Pharma firms can reap $2b
Sensex (11531) SUPPORT-11447-11380-11305 RESISTANCE-11598-11688-10772 Sensex has done with its correction now it should target higher levels markets would be very bullish till 11447 is not cut on the lower side and Thursday close gives a confirmation for a gap up open and we could possibly see one more day of big gains. TECH=WIPRO+INFY+SATYMCOMP+TCS & RELIANCE would possibly do the magic.
8dma=10457 13dma=11305 21dma=11103 34dma=10854 55dma=10560 OPEN=11367 HIGH=11566 LOW=11297 BSE adv: 1346 dec: 1121 -vol-rs.3164crs
Fiis seller rs.9crs and Mutual funds seller rs.28crs on Wednesday, Fiis buyer rs.3810crs in August month and buyer rs.16557Crs in 2006, mutual fund buyer rs.226crs in August month. F&O DATA Fiis sell rs.535crs in nifty future and sell rs.398crs in stock future on 24th August and provisional Fiis sell in cash rs.24crs source NSE website
Day That Ended: Market opened week and gained strength as the day progressed and short covering towards the end made Nifty fut to close at premium and OIL-METALS-AUTO where the sectors which gained. The rise has been with rise in volumes with positive advance to decline ratio and no major negative news in markets for now that is major positive news. Iran response and reaction would take time and it would cool off oil markets and with France sending more troops Lebanon there is temporary peace in place now in Middle East Crude $72.82 moved up due to Tropical Storm Ernesto. International markets U.S closed positive Indian ADRs mixed with more positive bias EURO market closed big positive and ASIAN markets has opened on a positive note.
Outlook for Friday: Markets to be positive with TECH stocks which would make a big difference soon BSEIT & BSETECK is giving a impression that they would give nearly 30% returns soon. RELIANCE-IPCL have given a good breakout and soon all time high would be breached, markets staying at higher levels would force short to push the markets up and TITAN-SBIN-BHEL- TECH & AUTO SECTOR stocks would be in limelight with Metals.
http://in.groups.yahoo.com/group/prabhakar-views/files/daily%20update here delivery volumes is loaded and HEROHONDA has 70% delivery and lot of info given in file & link.
STOCK TECH view: WIPRO breakout above rs.525 and would target rs.585-600 soon but one can buy in before a breakout also and the stock is showing lot of strength. PUNJLLOYD stock has a strong support at rs.730 and would give good solid reward of 15-20% and risk should be below rs.730.
NEWS:
The global emergence and resurgence of epidemics such as AIDS, tuberculosis and malaria is expected to translate into a $2 billion opportunity for Indian generic players, particularly early movers such as Cipla, Aurobindo and Lupin.(TOI)
Punj Lloyd has signed a 49:51 joint venture agreement with Germany-based KAEFER GmbH, a world leader in insulation business. (BS)
Larsen & Toubro Ltd along with its consortium partner, Denmark's Haldor Topsoe AS, has bagged an order worth over Rs 698 crore ($150 million) from Saudi Formaldehyde Chemical Company Ltd, for setting up high technology methanol and carbon monoxide plants.(ET)
Economic ministers of the Association of Southeast Asian Nations (ASEAN) and India Thursday reaffirmed their will to move forward their negotiations on trade in goods.
BP, the UK oil giant, was forced to further reduce production from its Alaskan oil field on Wednesday, after it had to shut down a gathering centre due to a mechanical failure in a compressor. That cut daily production from 200,000 barrels to 110,000 barrels, which is likely to have repercussions in the tightly-balanced oil market, which was rattled when BP last cut production from the field. (FT)
Tata Group plans to invest Rs 1.20 trillion ($25.8 billion) in the next three to five years in telecommunications, steel, chemicals, power and other industries, a Group official said on Thursday.(FE)
http://in.groups.yahoo.com/group/prabhakar-views/join
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.kommersant.com/page.asp?idr=527&id=699853 Tehran's response to the proposals of the Six
http://www.newratings.com/analyst_news/article_1352615.html Tata Group acquires 30% stake in Glaceau
http://news.xinhuanet.com/english/2006-08/24/content_5002909.htm?rss=1 India to move forward FTA negotiations
http://economictimes.indiatimes.com/articleshow/1923729.cms
http://abcnews.go.com/WNT/story?id=2349435&page=1 White House Softens Iran Nuclear Response
http://www.bloomberg.com/apps/news?pid=20602099&sid=a7cfnmcsRYYA&refer=energy Crude Oil Rises as Storm Forms
http://timesofindia.indiatimes.com/articleshow/1924268.cms Pharma firms can reap $2b
Thursday, August 24, 2006
Daily Report August 24th Thursday
Nifty (3335) SUPPORT-3318-3295-3272 RESISTANCE-3361-3385-3425 Nifty range 3310-3364 we would see a remarkable recovery in markets by close and a small resistance would be there near 3361-3385 so any close above that by Friday would do well for markets. 3day correction would be healthy and any bounce back would be fast 3398-3271 fall in 3days recovery will be also very fast so guard u r position if u get on the wrong side. TOP 5GAINERS=VSNL-SIEMENS-SUZLON-SATYAMCOMP-GAIL TOP5LOSER=M&M-JETAIRWAYS-HDFC-BAJAJAUTO-HINDPETRO. P/E=18.71 p/b=4.52 adv=12 dec=37 NSE adv:275 dec:640 -vol-rs.5970crs
Sensex (11406) SUPPORT-11340-11264-11194 RESISTANCE-11509-11598-10710 Sensex is facing a very strong support at 11375 and it has not been able to break that if markets are able to close the gap we would have a strong pull back. But in case markets creates a downside gap and doesn’t close within the day it would be advisable to exit markets.
8dma=10414 13dma=11254 21dma=11050 34dma=10831 55dma=10520 OPEN=11579 HIGH=11579 LOW=11374 BSE adv:893 dec:1629 -vol-rs.2997crs
Fiis seller rs.9crs and Mutual funds seller rs.28crs on Tuesday, Fiis buyer rs.3810crs in August month and buyer rs.16557Crs in 2006, mutual fund buyer rs.226crs in August month. F&O DATA Fiis sell rs.353crs in nifty future and sell rs.162crs in stock future on 23rd August and provisional Fiis sell in cash rs.32crs source NSE website
Day That Ended: Markets opened weak and closed even weaker REALESTATE stocks faced good selling pressure as many news pointed to slowing demand for housing in India and in U.S too. PAPER stocks where seen to attract good buying along with TEXTILES, while many PHARMA stocks corrected. Declines where more than advances and volumes lower many cash stocks saw selling pressure. International markets U.S markets where down after data which showed slowing housing demand and general slowdown in economy EURO markets closed weak ASIAN markets has opened weak Crude $71.79.
Outlook for Thursday: Markets to open weak and panic would be good chance to buy, markets have many positive and negative factors so there has been major shift in the sector preference so that is where investor should understand slowdown in housing demand, falling Crude, rising paper prices, strong Yuan which would boost Indian exports, and possibility of pause or even a cut in U.S interest rate are the factors in front of us. PAPER-TEXTILES-OIL would be sector to watch, BILT-TNPL-MNM-ALOKTEX-BHARTISHIRYARD-BEML-FDC-GDL-WOCKHARD-WIPRO-RAYMOND-RANBAXY-BIOCON-TVSMOT would be few good pick for 3-4 months for a average returns of 15-20% some times it can be even more but use the ultimate panic in markets and stocks to enter them.
NEWS:
Corporate news:
Tata Tea buys 30% in Glaceau for $677mn In the largest ever acquisition by an Indian firm, The Tata Group today announced it had acquired a 30% stake in Energy Brands Inc, USA, also known as Glacéau, a specialty mineral water and energy drink company.(BS)
HCL Infosystems celebrated its 30th year posting a 47% growth in consolidated revenue to Rs 11, 455 crore for the year ended June 30, 2006 as against the corresponding previous period's figure of Rs 7787.2 crore. (BS)
Pune-based auto components manufacturer, Bharat Forge is setting up a special economic zone (SEZ) near Pune, on land spread across 5,000 acres at an estimated investment of around Rs 20,000-25,000 crore.(BL)
Dishman Pharmaceuticals and Chemicals Ltd on Wednesday said it has acquired Swiss research based company Cabbogen Amcis AG from Solutia Europe (SESA) for over Rs 349.30 crore ($75 million).(BL)
The US Food and Drug Administration have approved Glenmark Pharmaceuticals Ltd.'s epilepsy drug gabapentin, the regulator's Web site showed on Wednesday.(ET)
International news:
Sales of previously owned U.S. homes fell in July to the lowest in more than two years, a slowdown that may lead the Federal Reserve to keep interest rates steady for a second month.(Bloomberg)
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.ft.com/cms/s/609ff4ea-32ca-11db-87ac-0000779e2340,_i_rssPage=9ff9d7a4-506d-11da-bbd7-0000779e2340.html Oil markets face continued imbalances
http://www.bloomberg.com/apps/news?pid=20601087&sid=aftfQZiZlOyg&refer=worldwide_news Japanese Stocks Drop on Concern U.S. Economic Growth Is Slowing
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSfc6b6H8pd4&refer=worldwide_news U.S., France Say Iran Falls Short on Nuclear Bargain
Sensex (11406) SUPPORT-11340-11264-11194 RESISTANCE-11509-11598-10710 Sensex is facing a very strong support at 11375 and it has not been able to break that if markets are able to close the gap we would have a strong pull back. But in case markets creates a downside gap and doesn’t close within the day it would be advisable to exit markets.
8dma=10414 13dma=11254 21dma=11050 34dma=10831 55dma=10520 OPEN=11579 HIGH=11579 LOW=11374 BSE adv:893 dec:1629 -vol-rs.2997crs
Fiis seller rs.9crs and Mutual funds seller rs.28crs on Tuesday, Fiis buyer rs.3810crs in August month and buyer rs.16557Crs in 2006, mutual fund buyer rs.226crs in August month. F&O DATA Fiis sell rs.353crs in nifty future and sell rs.162crs in stock future on 23rd August and provisional Fiis sell in cash rs.32crs source NSE website
Day That Ended: Markets opened weak and closed even weaker REALESTATE stocks faced good selling pressure as many news pointed to slowing demand for housing in India and in U.S too. PAPER stocks where seen to attract good buying along with TEXTILES, while many PHARMA stocks corrected. Declines where more than advances and volumes lower many cash stocks saw selling pressure. International markets U.S markets where down after data which showed slowing housing demand and general slowdown in economy EURO markets closed weak ASIAN markets has opened weak Crude $71.79.
Outlook for Thursday: Markets to open weak and panic would be good chance to buy, markets have many positive and negative factors so there has been major shift in the sector preference so that is where investor should understand slowdown in housing demand, falling Crude, rising paper prices, strong Yuan which would boost Indian exports, and possibility of pause or even a cut in U.S interest rate are the factors in front of us. PAPER-TEXTILES-OIL would be sector to watch, BILT-TNPL-MNM-ALOKTEX-BHARTISHIRYARD-BEML-FDC-GDL-WOCKHARD-WIPRO-RAYMOND-RANBAXY-BIOCON-TVSMOT would be few good pick for 3-4 months for a average returns of 15-20% some times it can be even more but use the ultimate panic in markets and stocks to enter them.
NEWS:
Corporate news:
Tata Tea buys 30% in Glaceau for $677mn In the largest ever acquisition by an Indian firm, The Tata Group today announced it had acquired a 30% stake in Energy Brands Inc, USA, also known as Glacéau, a specialty mineral water and energy drink company.(BS)
HCL Infosystems celebrated its 30th year posting a 47% growth in consolidated revenue to Rs 11, 455 crore for the year ended June 30, 2006 as against the corresponding previous period's figure of Rs 7787.2 crore. (BS)
Pune-based auto components manufacturer, Bharat Forge is setting up a special economic zone (SEZ) near Pune, on land spread across 5,000 acres at an estimated investment of around Rs 20,000-25,000 crore.(BL)
Dishman Pharmaceuticals and Chemicals Ltd on Wednesday said it has acquired Swiss research based company Cabbogen Amcis AG from Solutia Europe (SESA) for over Rs 349.30 crore ($75 million).(BL)
The US Food and Drug Administration have approved Glenmark Pharmaceuticals Ltd.'s epilepsy drug gabapentin, the regulator's Web site showed on Wednesday.(ET)
International news:
Sales of previously owned U.S. homes fell in July to the lowest in more than two years, a slowdown that may lead the Federal Reserve to keep interest rates steady for a second month.(Bloomberg)
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.ft.com/cms/s/609ff4ea-32ca-11db-87ac-0000779e2340,_i_rssPage=9ff9d7a4-506d-11da-bbd7-0000779e2340.html Oil markets face continued imbalances
http://www.bloomberg.com/apps/news?pid=20601087&sid=aftfQZiZlOyg&refer=worldwide_news Japanese Stocks Drop on Concern U.S. Economic Growth Is Slowing
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSfc6b6H8pd4&refer=worldwide_news U.S., France Say Iran Falls Short on Nuclear Bargain
Wednesday, August 23, 2006
property slump
Mumbai: It seems the rising interest rates and high property prices are all set to spoil the party in the real estate sector.For the first time in nearly five years, bankers are complaining of a drop in the volume of home loan applications.
Sources told CNN-IBN that enquiries and applications for home loans have seen a decline of 10 to 15 per cent in the past two months.
Bankers says the 2 per cent rise in interest rates on home loans in the past one year and the exponential growth in property prices seem to have led to a fall in home buying.
Market leader ICICI bank says it is witnessing a 10-15 per cent fall in the volume of home loan applications. Sources at rival SBI also say that it may be difficult to achieve the second quarter home loan targets.
"We are seeing this trend in only the last month or so. But we believe that in terms of actual sales, which are happening for developers in the market, they are down by at least 10 to 20 per cent," Rajiv Sabarwal, Head of Retail Assets with ICICI Bank, said.
Bankers say there is a demand for home loans from smaller centres where property prices have still not shot up unlike the metros. However, they are skeptical about future growth in home loans.
Sources in SBI say they have met disbursement targets for home loans in the first quarter, but meeting targets in the second quarter will be tough. It seems the days of 40 per cent compounded annual growth for home loans is finally over.
courtesy:-CNN IBN
IRAN BOMB
IRAN can U.S handle this? This would be the most interesting development which would have no near term solution, many deadline would pass, hard bargain would go on with near term solution would be a distant dream. There are many reasons 1) European countries are tired of U.S aggressive policy and they face a huge pressure in there respective country and if one where to notice a peace force for Lebanon difficult to come 2) IRAQ has been a big failure and WMD- weapon of mass destruction is yet to be found which would be a big mistake in history as all wrong move by a super power is making those place breeding place for terrorist IRAQ-AFGAN. 3) And U.S support to Israel aggression has added to woes as more terrorist threat looms large, different policy of U.S for different countries as many terror attacks and training pointing to Pakistan and no action has been taken till now. To conclude there is a general perception that high Crude price benefits the ruling family in U.S and many policy is framed keeping this in mind and
Daily Report August 23rd Wednesday
Nifty (3364) SUPPORT-3345-3314-3272 RESISTANCE-3403-3432-3475 Nifty range 3345-3403 whichever side markets move would give a breakout below 3345 we can have a 2day correction till 3272-3260 and this can be very fast and swift and possibly it can be a intraday correction only. On the other hand upside breakout markets would target 3700-3800 by Oct end so one can possibly buy in panic with 3210 as a stop loss for that target. TOP 5GAINERS=REL-SAIL-HDFC-HDFCBANK-SUNPHARMA TOP5LOSER=HINDPETRO-BPCL-GLAXO-DRREDDY-RANBAXY. P/E=18.88 p/b=4.55 adv=20 dec=29 NSE adv: 458 dec: 436 -vol-rs.6294crs
Sensex (11502) SUPPORT-11440-11374-11269 RESISTANCE-11610-11714-11877 Sensex opened with a gap up and the gap was closed due to panic selling and profit booking markets is in a tight range but not showing any sign of weakness but any 300point correction would be healthy for markets and higher levels can be easily reached.
8dma=11382 13dma=11217 21dma=10993 34dma=10817 55dma=10490 OPEN=11547 HIGH=11619 LOW=11460 BSE adv: 1247 dec: 1276 -vol-rs.3071crs
Fiis buyer rs.42crs and Mutual funds buyer rs.3crs on Monday, Fiis buyer rs.3820crs in August month and buyer rs.16566Crs in 2006, mutual fund buyer rs.254crs in August month. F&O DATA Fiis sell rs.4crs in nifty future and sell rs.131crs in stock future on 22nd August and provisional Fiis sell in cash rs.26crs source NSE website
Day That Ended: Markets opened on a strong note profit sale, traders unwinding position and panic made markets close in red. Crude $72.91 very flat and Iran has issued a reply and this should take 2-3 days to know wat the reply contains. International markets U.S has closed positively flat Indian ADRs more towards positive EURO markets positive close exception being FTSE-ATX ASIAN markets has opened flat with NIKKEI marginally down. METAL-SUGAR-TEXTILES saw good buying while PHARMA-TECH-OILMARKETING-CAPITAL GOODS saw selling and profit booking at higher levels.
Outlook for Wednesday: Flat to negative opening and markets can drift down before recovery lower levels to attract good buying ONGC can be a star performer soon BILT-SPENTEX-RAYMOND would be few value picks. Predicting daily movement of markets is very hard it is how much u can earn in a markets which is more important so be stock specific and invest wisely.
STOCK TECH view: BILT: Stock has seen good accumulation and with in a upward channel any breaking of the channel would give 15-20% returns in 1-2months. SPENTEXIND: Buy on dips and this stock can outperform markets 50% upside possible in a years time (never overexpose u r self with few stock a good portfolio should have 30-40 stocks so that risk is shared)
Counter view: IRAN can U.S handle this? This would be the most interesting development which would have no near term solution, many deadline would pass, hard bargain would go on with near term solution would be a distant dream. There are many reasons 1) European countries are tired of U.S aggressive policy and they face a huge pressure in there respective country and if one where to notice a peace force for Lebanon difficult to come 2) IRAQ has been a big failure and WMD- weapon of mass destruction is yet to be found which would be a big mistake in history as all wrong move by a super power is making those place breeding place for terrorist IRAQ-AFGAN. 3) And U.S support to Israel aggression has added to woes as more terrorist threat looms large, different policy of U.S for different countries as many terror attacks and training pointing to Pakistan and no action has been taken till now. To conclude there is a general perception that high Crude price benefits the ruling family in U.S and many policy is framed keeping this in mind and now that seem to make a big mess as U.S cant afford one more troop deployment they can resort sanction how effective will it be is a big doubt as now all GOVT are under pressure on high Oil price and no one would support this in any way. If one where to read SUN TZU ON THE ART OF WAR one would understand big mistake of taking control of a country like IRAQ saying it was a military &undemocratic rule then wat about Saudi, Pakistan, etc
NEWS:
Corporate news:
Leading paper manufacturer Ballarpur Industries (Bilt) today reported 67.72% jump in net profit at Rs 67.88 crore for the quarter ended June 30 (Q4), as compared to Rs 40.47 crore for the same quarter in FY06.For the year ended June 30, 2006 its net profit stood at Rs 212 crore, up 26.13% compared to Rs 168 crore last fiscal. The company also announced plans to pump in about Rs 1,200 crore on capacity expansion of both its domestic and overseas units as it eyes 1 million tonne capacity by 2008 to be amongst the top 10 producers in Asia.(BS)
ONGC’s Sakhalin venture will begin ramping up from 4Q-2006 and will add 8% to its crude volumes by next year. Rosneft’s recent IPO prospectus also indicates that fiscal terms for the project are attractive and Sakhalin’s profits in FY08-09 would be 55-65% higher than our current estimates. We are upgrading FY08-09 EPS for ONGC by c.5%. At 8.5x PE, 4.5% dividend yield and US$4.5/boe, ONGC is one of the cheapest stocks in India, MSCI AxJ and in the global upstream space. BUY.(CLSA)
Tata Motors is implementing a low-cost vendor strategy for component sourcing to keep the cost of its ambitious Rs 1 lakh car project within check.(FE)
Micro Technologies India has tied up with Knowledge Vector, a US based enterprise Solutions Company. Knowledge Vectors will customize the high-end security products of the company for the huge security solutions market in the US. This tie-up leverages technologies from both companies to connect advantage of global market and will cater to the growing demand for defense and homeland security product in the US market. (CM)
Sterlite Optical Technologies rose on deciding to acquire the power transmission conductor business of Sterlite Industries for Rs 148.51 crore.(CM)
Add on news:
A new article by Standard & Poor's Ratings Services says that India's economy is growing at an average rate of more than 8% in the past three years, making it the second-fastest growing economy in the world.(FE)
The Indian stock market is expected to soon join the league of key international bourses who have permitted short selling in their jurisdictions. These markets includes Hong Kong, Korea, Japan, and Singapore where all classes of investors are permitted to sell short on certain designated securities subject to disclosure of such transactions and tick rules which prohibit short sell transactions during s falling market.(FE)
International news:
Forecasters at the National Hurricane Center say a tropical depression in the far eastern Atlantic is expected to become a tropical storm by Wednesday and will take the name Debby.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://timesofindia.indiatimes.com/articleshow/1917498.cms Govt fills coffers with fuel hike
http://news.monstersandcritics.com/northamerica/article_1193380.php/Analysis_Straining_the_country%60s_psyche President George W. Bush admitted that the war in Iraq is 'straining the psyche of our country.
http://news.xinhuanet.com/english/2006-08/23/content_4994614.htm?rss=1 Iran ready for talks over nuclear issue
Sensex (11502) SUPPORT-11440-11374-11269 RESISTANCE-11610-11714-11877 Sensex opened with a gap up and the gap was closed due to panic selling and profit booking markets is in a tight range but not showing any sign of weakness but any 300point correction would be healthy for markets and higher levels can be easily reached.
8dma=11382 13dma=11217 21dma=10993 34dma=10817 55dma=10490 OPEN=11547 HIGH=11619 LOW=11460 BSE adv: 1247 dec: 1276 -vol-rs.3071crs
Fiis buyer rs.42crs and Mutual funds buyer rs.3crs on Monday, Fiis buyer rs.3820crs in August month and buyer rs.16566Crs in 2006, mutual fund buyer rs.254crs in August month. F&O DATA Fiis sell rs.4crs in nifty future and sell rs.131crs in stock future on 22nd August and provisional Fiis sell in cash rs.26crs source NSE website
Day That Ended: Markets opened on a strong note profit sale, traders unwinding position and panic made markets close in red. Crude $72.91 very flat and Iran has issued a reply and this should take 2-3 days to know wat the reply contains. International markets U.S has closed positively flat Indian ADRs more towards positive EURO markets positive close exception being FTSE-ATX ASIAN markets has opened flat with NIKKEI marginally down. METAL-SUGAR-TEXTILES saw good buying while PHARMA-TECH-OILMARKETING-CAPITAL GOODS saw selling and profit booking at higher levels.
Outlook for Wednesday: Flat to negative opening and markets can drift down before recovery lower levels to attract good buying ONGC can be a star performer soon BILT-SPENTEX-RAYMOND would be few value picks. Predicting daily movement of markets is very hard it is how much u can earn in a markets which is more important so be stock specific and invest wisely.
STOCK TECH view: BILT: Stock has seen good accumulation and with in a upward channel any breaking of the channel would give 15-20% returns in 1-2months. SPENTEXIND: Buy on dips and this stock can outperform markets 50% upside possible in a years time (never overexpose u r self with few stock a good portfolio should have 30-40 stocks so that risk is shared)
Counter view: IRAN can U.S handle this? This would be the most interesting development which would have no near term solution, many deadline would pass, hard bargain would go on with near term solution would be a distant dream. There are many reasons 1) European countries are tired of U.S aggressive policy and they face a huge pressure in there respective country and if one where to notice a peace force for Lebanon difficult to come 2) IRAQ has been a big failure and WMD- weapon of mass destruction is yet to be found which would be a big mistake in history as all wrong move by a super power is making those place breeding place for terrorist IRAQ-AFGAN. 3) And U.S support to Israel aggression has added to woes as more terrorist threat looms large, different policy of U.S for different countries as many terror attacks and training pointing to Pakistan and no action has been taken till now. To conclude there is a general perception that high Crude price benefits the ruling family in U.S and many policy is framed keeping this in mind and now that seem to make a big mess as U.S cant afford one more troop deployment they can resort sanction how effective will it be is a big doubt as now all GOVT are under pressure on high Oil price and no one would support this in any way. If one where to read SUN TZU ON THE ART OF WAR one would understand big mistake of taking control of a country like IRAQ saying it was a military &undemocratic rule then wat about Saudi, Pakistan, etc
NEWS:
Corporate news:
Leading paper manufacturer Ballarpur Industries (Bilt) today reported 67.72% jump in net profit at Rs 67.88 crore for the quarter ended June 30 (Q4), as compared to Rs 40.47 crore for the same quarter in FY06.For the year ended June 30, 2006 its net profit stood at Rs 212 crore, up 26.13% compared to Rs 168 crore last fiscal. The company also announced plans to pump in about Rs 1,200 crore on capacity expansion of both its domestic and overseas units as it eyes 1 million tonne capacity by 2008 to be amongst the top 10 producers in Asia.(BS)
ONGC’s Sakhalin venture will begin ramping up from 4Q-2006 and will add 8% to its crude volumes by next year. Rosneft’s recent IPO prospectus also indicates that fiscal terms for the project are attractive and Sakhalin’s profits in FY08-09 would be 55-65% higher than our current estimates. We are upgrading FY08-09 EPS for ONGC by c.5%. At 8.5x PE, 4.5% dividend yield and US$4.5/boe, ONGC is one of the cheapest stocks in India, MSCI AxJ and in the global upstream space. BUY.(CLSA)
Tata Motors is implementing a low-cost vendor strategy for component sourcing to keep the cost of its ambitious Rs 1 lakh car project within check.(FE)
Micro Technologies India has tied up with Knowledge Vector, a US based enterprise Solutions Company. Knowledge Vectors will customize the high-end security products of the company for the huge security solutions market in the US. This tie-up leverages technologies from both companies to connect advantage of global market and will cater to the growing demand for defense and homeland security product in the US market. (CM)
Sterlite Optical Technologies rose on deciding to acquire the power transmission conductor business of Sterlite Industries for Rs 148.51 crore.(CM)
Add on news:
A new article by Standard & Poor's Ratings Services says that India's economy is growing at an average rate of more than 8% in the past three years, making it the second-fastest growing economy in the world.(FE)
The Indian stock market is expected to soon join the league of key international bourses who have permitted short selling in their jurisdictions. These markets includes Hong Kong, Korea, Japan, and Singapore where all classes of investors are permitted to sell short on certain designated securities subject to disclosure of such transactions and tick rules which prohibit short sell transactions during s falling market.(FE)
International news:
Forecasters at the National Hurricane Center say a tropical depression in the far eastern Atlantic is expected to become a tropical storm by Wednesday and will take the name Debby.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://timesofindia.indiatimes.com/articleshow/1917498.cms Govt fills coffers with fuel hike
http://news.monstersandcritics.com/northamerica/article_1193380.php/Analysis_Straining_the_country%60s_psyche President George W. Bush admitted that the war in Iraq is 'straining the psyche of our country.
http://news.xinhuanet.com/english/2006-08/23/content_4994614.htm?rss=1 Iran ready for talks over nuclear issue
Tuesday, August 22, 2006
EDUCATION REVOLUTION
Compulsory education this would be a major driving force which can change India's growth in years to come if schemes are properly implemented, I would like to talk about the state Tamilnadu where many private engineering & medical college where started in 80's. There were many free scheme implemented and those are not worth talking now, it had few scheme for children who are studying like free books-free travel in govt buses-free midday meals-free education and this has transformed this state in a big way many poor children of 80's-90's are now professional graduates who work in big companies earning good and living a life in luxury and few electoral politics changed there lives. We the nation India would have reached great heights if we had invested our resources in developing skills rather than providing free meals and if we had done right things at right time but our politicians where more interested in gaining votes and resorted policy which wasted our nations wealth. Many still talk about poverty and they would fight against it but how? Free food-free cloth-free housing… which we have seen for past 59years of freedom didn't bring any good. Compulsory free education can be the only solution and it has to be implemented in the correct way otherwise it would be one of the wasteful schemes.
Daily Report August 22nd Tuesday
Nifty (3366) SUPPORT-3345-3305-3260 RESISTANCE-3395-3429-3475 Nifty range 3361-3429 now nifty should trade above 3361 for most part of the day failing which 3345 & 3332 is a double bottom and stop loss, now breaking that we would see selling till 3260 before any fresh rally this I would say worst case scenario. RELIANCE trading above rs.1075 would test rs.1100 and above levels. TOP 5GAINERS=PNB-HINDPETRO-ORIENTBANK-M&M-VSNL TOP5LOSER=RANBAXY-DABUR-SAIL-ONGC-BEL. P/E=18.88 p/b=4.56 adv=32 dec=17 NSE adv: 544 dec: 368 -vol-rs.5640crs
Sensex (11511) SUPPORT-11410-11335-11220 RESISTANCE-11580-11655-11814 Sensex has maintained its upside gap 11330-11375 and this area has acted as a strong support so till the gap downside is not tested being bullish would do well. Many talk about Elliot wave C-wave down till 8800-8400 is possible this is one good E-book which make one understand wave theory better in a simple way. http://rapidshare.de/files/29624465/How_to_Identify_High_Profit_Elliot_Waves.pdf
8dma=11377 13dma=11168 21dma=11926 34dma=10792 55dma=10462 OPEN=11488 HIGH=11531 LOW=11370 BSE adv: 1451 dec: 1037 -vol-rs.2300crs
Fiis buyer rs.519crs and Mutual funds seller rs.56crs on Friday, Fiis buyer rs.3777crs in August month and buyer rs.16524Crs in 2006, mutual fund buyer rs.251crs in August month. F&O DATA Fiis sell rs.186crs in nifty future and sell rs.78crs in stock future on 21st August and provisional Fiis sell in cash rs.139crs source NSE website
Day That Ended: Dull day with low volume in both exchange but positive advance to decline ratio it was TECH stocks which where seeing good buying and METALS which after few bad days showing sign of reversal. Few international events are weighing heavily now IRAN deadline for nuclear compliance has made Crude $72.53 & YUAN getting stronger against dollars should benefit Indian exports, and copper prices rise due to strike in BHP plant in Chile STER would be the biggest beneficiary. International markets U.S markets closed on a weak note Indian ADRs mixed PATNICOMP gained 11% EURO markets closed weak FTSE was the only gainer ASIAN markets has opened strong.
Outlook for Tuesday: Markets had an excellent close so the bullish trend would continue to move up and METALS-TEXTILE would be sectors to watch. MARUTI should be seeing some good buying after news that 10.2% remaining stake would be sold, ALOKTEX-BILT-EIDPARRY-TINPLATE few good picks for investor looking for a good returns in 3-4months WOCKHARD-BEML-BIOCON-BHARTISHIPYARD would soon become surprise stock of the market.
STOCK TECH view: MARUTI: Stock above rs.846 should target rs.915 and above soon. ONGC has formed a double top at rs.1250 if the low of rs.1178 is not cut or tested it would more likely test the double top at rs.1250.
Counter view: Compulsory education this would be a major driving force which can change India's growth in years to come if schemes are properly implemented, I would like to talk about the state Tamilnadu where many private engineering & medical college where started in 80's. There were many free scheme implemented and those are not worth talking now, it had few scheme for children who are studying like free books-free travel in govt buses-free midday meals-free education and this has transformed this state in a big way many poor children of 80's-90's are now professional graduates who work in big companies earning good and living a life in luxury and few electoral politics changed there lives. We the nation India would have reached great heights if we had invested our resources in developing skills rather than providing free meals and if we had done right things at right time but our politicians where more interested in gaining votes and resorted policy which wasted our nations wealth. Many still talk about poverty and they would fight against it but how? Free food-free cloth-free housing… which we have seen for past 59years of freedom didn't bring any good. Compulsory free education can be the only solution and it has to be implemented in the correct way otherwise it would be one of the wasteful schemes.
NEWS:
Corporate news:
Bajaj Hindusthan Plans $500 Million Sugar Investments in Brazil (Bloomberg)
Tata Steel KZN today commenced construction of its ambitious ferrochrome plant in South Africa, aiming to expand its presence in that country . (BS)
Banking circles are abuzz with rumours that ICICI Bank, the largest private sector bank in the country, has been pulled up by regulatory authorities in Kuwait and Hong Kong for selling mutual funds and insurance products without obtaining the necessary licences.(TOI)
The government intends to sell its remaining 10.2% stake in Maruti Udyog Ltd during the current fiscal, in a move which could fetch it nearly Rs 2,500 crore. (TOI)
GMR, which raised Rs 8000 crore through its IPO earlier this month, started trading at Rs 215 rupees, up just Rs five from the issue price of Rs 210. (IBN)
Radico Khaitan on Monday announced a 50:50 joint venture with the world's leading spirits maker Diageo targeting the Indian-Made Foreign Liquor (IMFL) segment.(ET)
Shree Renuka Sugars Ltd has revised its capital expenditure upwards by 30 per cent and is looking at acquisitions to push growth, a top official told media on Monday.(ET)
The Government on Monday put to rest possibilities of a negotiated settlement with Sterlite Industries over the sale of residual 49 per cent stake in Balco with the Law Minister, Mr H.R. Bhardwaj, declaring that the issue would ultimately go for arbitration.(BL)
Add on news:
India is likely to capture around 15 per cent of the over $54 billion Knowledge Process Outsourcing industry worldwide by 2010 from 5 per cent now, the Ministry of Communication and IT said.(ET)
India is all set to report a record 3.25 million bales of cotton exports in the just concluded cotton year (2005-06) ending July, mainly due to higher imports by neighbouring China. The forecast for the just commenced cotton year (2006-07) beginning August has also been revised up 2,50,000 bales, to 4.25 million bales.(FE)
International news:
Coffee at seven-year high Coffee prices rose 4 per cent yesterday to a near seven-year high after recent heavy rainfall hit supplies from Vietnam, the largest producer of the robusta bean. (FT)
Copper prices rose strongly on Monday as striking workers at the world's largest copper mine in Chile rejected an improved wage offer from BHP Billiton and took their dispute into its third week. (FT)
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.bloomberg.com/apps/news?pid=20601087&sid=atcHZBC8v5h4&refer=worldwide_news Bajaj Hindusthan
http://www.ft.com/cms/s/3e89b41e-3139-11db-b953-0000779e2340,_i_rssPage=9ff9d7a4-506d-11da-bbd7-0000779e2340.html Coffee at seven-year high
http://globalpolitician.com/articledes.asp?ID=2071&cid=2&sid=4 Is War With Israel The Next Step For Iran ?
http://www.betanews.com/article/Infineon_Snags_RFID_Passport_Contract/1156175183 RFID passport
http://www.financialexpress.com/fe_full_story.php?content_id=138009 PSU bonus raises issues
Sensex (11511) SUPPORT-11410-11335-11220 RESISTANCE-11580-11655-11814 Sensex has maintained its upside gap 11330-11375 and this area has acted as a strong support so till the gap downside is not tested being bullish would do well. Many talk about Elliot wave C-wave down till 8800-8400 is possible this is one good E-book which make one understand wave theory better in a simple way. http://rapidshare.de/files/29624465/How_to_Identify_High_Profit_Elliot_Waves.pdf
8dma=11377 13dma=11168 21dma=11926 34dma=10792 55dma=10462 OPEN=11488 HIGH=11531 LOW=11370 BSE adv: 1451 dec: 1037 -vol-rs.2300crs
Fiis buyer rs.519crs and Mutual funds seller rs.56crs on Friday, Fiis buyer rs.3777crs in August month and buyer rs.16524Crs in 2006, mutual fund buyer rs.251crs in August month. F&O DATA Fiis sell rs.186crs in nifty future and sell rs.78crs in stock future on 21st August and provisional Fiis sell in cash rs.139crs source NSE website
Day That Ended: Dull day with low volume in both exchange but positive advance to decline ratio it was TECH stocks which where seeing good buying and METALS which after few bad days showing sign of reversal. Few international events are weighing heavily now IRAN deadline for nuclear compliance has made Crude $72.53 & YUAN getting stronger against dollars should benefit Indian exports, and copper prices rise due to strike in BHP plant in Chile STER would be the biggest beneficiary. International markets U.S markets closed on a weak note Indian ADRs mixed PATNICOMP gained 11% EURO markets closed weak FTSE was the only gainer ASIAN markets has opened strong.
Outlook for Tuesday: Markets had an excellent close so the bullish trend would continue to move up and METALS-TEXTILE would be sectors to watch. MARUTI should be seeing some good buying after news that 10.2% remaining stake would be sold, ALOKTEX-BILT-EIDPARRY-TINPLATE few good picks for investor looking for a good returns in 3-4months WOCKHARD-BEML-BIOCON-BHARTISHIPYARD would soon become surprise stock of the market.
STOCK TECH view: MARUTI: Stock above rs.846 should target rs.915 and above soon. ONGC has formed a double top at rs.1250 if the low of rs.1178 is not cut or tested it would more likely test the double top at rs.1250.
Counter view: Compulsory education this would be a major driving force which can change India's growth in years to come if schemes are properly implemented, I would like to talk about the state Tamilnadu where many private engineering & medical college where started in 80's. There were many free scheme implemented and those are not worth talking now, it had few scheme for children who are studying like free books-free travel in govt buses-free midday meals-free education and this has transformed this state in a big way many poor children of 80's-90's are now professional graduates who work in big companies earning good and living a life in luxury and few electoral politics changed there lives. We the nation India would have reached great heights if we had invested our resources in developing skills rather than providing free meals and if we had done right things at right time but our politicians where more interested in gaining votes and resorted policy which wasted our nations wealth. Many still talk about poverty and they would fight against it but how? Free food-free cloth-free housing… which we have seen for past 59years of freedom didn't bring any good. Compulsory free education can be the only solution and it has to be implemented in the correct way otherwise it would be one of the wasteful schemes.
NEWS:
Corporate news:
Bajaj Hindusthan Plans $500 Million Sugar Investments in Brazil (Bloomberg)
Tata Steel KZN today commenced construction of its ambitious ferrochrome plant in South Africa, aiming to expand its presence in that country . (BS)
Banking circles are abuzz with rumours that ICICI Bank, the largest private sector bank in the country, has been pulled up by regulatory authorities in Kuwait and Hong Kong for selling mutual funds and insurance products without obtaining the necessary licences.(TOI)
The government intends to sell its remaining 10.2% stake in Maruti Udyog Ltd during the current fiscal, in a move which could fetch it nearly Rs 2,500 crore. (TOI)
GMR, which raised Rs 8000 crore through its IPO earlier this month, started trading at Rs 215 rupees, up just Rs five from the issue price of Rs 210. (IBN)
Radico Khaitan on Monday announced a 50:50 joint venture with the world's leading spirits maker Diageo targeting the Indian-Made Foreign Liquor (IMFL) segment.(ET)
Shree Renuka Sugars Ltd has revised its capital expenditure upwards by 30 per cent and is looking at acquisitions to push growth, a top official told media on Monday.(ET)
The Government on Monday put to rest possibilities of a negotiated settlement with Sterlite Industries over the sale of residual 49 per cent stake in Balco with the Law Minister, Mr H.R. Bhardwaj, declaring that the issue would ultimately go for arbitration.(BL)
Add on news:
India is likely to capture around 15 per cent of the over $54 billion Knowledge Process Outsourcing industry worldwide by 2010 from 5 per cent now, the Ministry of Communication and IT said.(ET)
India is all set to report a record 3.25 million bales of cotton exports in the just concluded cotton year (2005-06) ending July, mainly due to higher imports by neighbouring China. The forecast for the just commenced cotton year (2006-07) beginning August has also been revised up 2,50,000 bales, to 4.25 million bales.(FE)
International news:
Coffee at seven-year high Coffee prices rose 4 per cent yesterday to a near seven-year high after recent heavy rainfall hit supplies from Vietnam, the largest producer of the robusta bean. (FT)
Copper prices rose strongly on Monday as striking workers at the world's largest copper mine in Chile rejected an improved wage offer from BHP Billiton and took their dispute into its third week. (FT)
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.bloomberg.com/apps/news?pid=20601087&sid=atcHZBC8v5h4&refer=worldwide_news Bajaj Hindusthan
http://www.ft.com/cms/s/3e89b41e-3139-11db-b953-0000779e2340,_i_rssPage=9ff9d7a4-506d-11da-bbd7-0000779e2340.html Coffee at seven-year high
http://globalpolitician.com/articledes.asp?ID=2071&cid=2&sid=4 Is War With Israel The Next Step For Iran ?
http://www.betanews.com/article/Infineon_Snags_RFID_Passport_Contract/1156175183 RFID passport
http://www.financialexpress.com/fe_full_story.php?content_id=138009 PSU bonus raises issues
Sunday, August 20, 2006
STOCK TECH view
STOCK TECH view: MICROTECH: buy near rs.270-280 stops at rs.258 target rs.315-325 stock shows sign of bottoming out and can soon target higher levels. PUNJABTRACTOR: this stock is showing a small rounding bottom formation and can target rs.270-290 and even higher levels investment for medium term only advisable buy in dips.
Daily Report August 21st Monday
Nifty (3356) SUPPORT-3335-3319-3281 RESISTANCE-3382-3411-3449 Nifty range 3348-3411 markets has consolidated at this level and it needs to move up and next target would be 3540-3620 and stop loss would be 3319 on a closing basis. If Nifty is not able to move up beyond 3385 within next two days we would see a correction till 3210-3188 but for now have a bullish view. TOP 5GAINERS=BPCL-HINDPETRO-GLAXO-CIPLA-MARUTI TOP5LOSER=HCLTECH-HINDALCO-ORIENTBANK-SUZLON-MTNL. P/E=18.84 p/b=4.54 adv=27 dec=22 NSE adv: 469 dec: 437 -vol-rs.6440crs
Sensex (11465) SUPPORT-11379-11305-11221 RESISTANCE-11551-11640-11710 Sensex traded flat for the past 3days and gap is acting as a strong support and now we need a close above 11580 levels to see 12050-12200 levels in 2weeks. Support on downside would come near 11191-11221 levels and one should worry only if we breach that level and close till then have a bullish view.
8dma=11275 13dma=11110 21dma=11870 34dma=10768 55dma=10438 OPEN=11498 HIGH=11508 LOW=11409 BSE adv: 1265 dec: 1236 -vol-rs.3229crs
Fiis buyer rs.808crs and Mutual funds seller rs.23crs on Thursday, Fiis buyer rs.3258crs in August month and buyer rs.16005Crs in 2006, mutual fund buyer rs.309crs in August month. F&O DATA Fiis sell rs.55crs in nifty future and sell rs.11crs in stock future on 18th August and provisional Fiis buy in cash rs.87crs source NSE website
Day That Ended: Weekend sentiment has prevailed with flat markets drop in volumes and an advance decline ratio which was almost equal, OIL marketing companies & HC-health care gaining while METALS-BANKS noticeable loser. International market U.S markets ended positive EURO markets mixed with no major movement Crude $71.14 Indian ADRs mixed. With many news pointing to Indian pharma as a future hub and the drug policy pricing in place that would be one sector which can show some major upside.
Outlook for Monday: Bullish on few stocks which can surprise even if the markets moves downside BEML-MICROTECH-PUNTRACTOR-NELCO-WOCKHARD-BIOCON-RANBAXY-RELIANCE. To make money in stock markets one should know the downside risk and upside potential of the stock when u know the downside is limited taking a buy call would give the maximum returns but this involves many calculation to know if we have bottomed out and a person who has spread his risk in more than 20 stock only can earn a safe decent returns.
STOCK TECH view: MICROTECH: buy near rs.270-280 stops at rs.258 target rs.315-325 stock shows sign of bottoming out and can soon target higher levels. PUNJABTRACTOR: this stock is showing a small rounding bottom formation and can target rs.270-290 and even higher levels investment for medium term only advisable buy in dips.
Counter view: There is a remarkable increase in leverage position from retail investor which is always a danger sign, F&O Future & Option has unique advantage and disadvantage and which small investor can never make use of due to many limitations. 1) Investor should understand F&O is time bound 1month-2month-3month so this make it very simple one person loss is other person gain. 2)But in my experience the gains goes to arbitrage funds who benefit from cost of carry and few market intermediaries but the loss is suffered mainly by investor 3) How? Investors buy in F&O because they have limitation of funds so they like to maximize the profit with minimum investment but in reality this can never happen 4) why? Markets never move one side up or down it moves up & down so on a daily basis there is always mark to margin over and above u r initial margin suddenly the stock loses 8-10% which means big chunk of money goes in paying mark to market margin and a fear builds in as F&O position is taken due to limitation in fund end when he sees 3-4% more drop he is unable to bear the pain and sell in panic and all is capital gets eroded. Conclusion one who buys in cash can relax and one who buys on credit is always tensed profit is made only when u can bear the pain of markets and it can happen only when u can limit u r risk.
NEWS:
http://www.capitalmarket.com Ranbaxy Laboratories has launched its brand Soliten (Solifenacin) in India for managing chronic urological disorder. The product is being introduced for the first time in India. Soliten will be sold in dosage form of 5 mg and 10 mg tablets. PRICOL plans to split its operation into two independent divisions to battle rising input cost and competition. The split will be based on the growth potential for its divisions and is expected to leverage its light engineering segment. The company had seen a fall in market share from 50% from 42% in India in the last three years due to higher input cost and tighter competition. Refinery stocks surged on the back of consistently declining price of crude oil globally.
http://www.businessstandard.com Larsen and Toubro Ltd and Mitsubishi Heavy Industries are planning to set up a power generation-equipment manufacturing facility for 800 Mw super-critical boilers in the country. Ranbaxy Laboratories said Life Insurance Corporation of India has increased its stake in the company to 10.04%. The floods that ravaged Surat has taken the city backwards economically by at least 25 years, and it is likely to remain so for at least the next five years, according to industry experts who have watched the economic progress of the diamond-cutting city.
http://www.financialexpress.com Centurion Bank of Punjab (CBoP) on Saturday announced an in-principle agreement to acquire the 65-year old Kochi-based unlisted Lord Krishna Bank (LKB). The $120 billion global market for injectables is getting increasingly attractive for Indian pharmaceutical companies. The injectable formulations market is growing at a rate of 10% worldwide and injectables worth $5.5 billion are coming off patent in the US alone by 2010. This includes Amgen's Neupogen (Filgrastim) with 2002 sales of $1.5 billion, and GSK's Zofran (Ondansetron) with annual sales of $1.3 billion in 2003. Sensing this opportunity, players in the $1 billion Indian injectables segment are partnering with MNCs for supply of injectables. Orchid Chemicals & Pharmaceuticals had tied up with Apotex Corp of the US for the sale of its injectable medicines in the US.
http://www.thehindubusinessline.com Abbott India Ltd has informed BSE that a meeting of the board of directors will be held on August 25 to consider a proposal for buyback of a portion of fully paid equity shares of the company. Transworks Information Services Ltd, the BPO arm of Aditya Birla group, completed its $125 million acquisition of Canadian firm Minacs. German cement and building materials giant Heidelberg Cement AG's subsidiary Cementrum I BV has decided to waive off the conditions for accepting minimum number of shares under the open offer made by it to the shareholders of SK Birla group company Mysore Cements Ltd.
http://economictimes.indiatimes.com India is emerging as the global clinical research hub. Many multinational pharmaceutical companies are conducting clinical trials on new drugs in India which have passed through Phase I studies in their country of origin.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6Pnf6gWNYgk&refer=worldwide_news BHP Shuts World's Biggest Copper Mine After Blockade
http://www.adb.org/documents/books/ado/2006/documents/ado2006.pdf This 18th edition of the Asian Development Outlook provides a comprehensive economic analysis of 43 economies in developing Asia and the Pacific.
http://www.financialexpress.com/fe_full_story.php?content_id=137706 Pharma firms eye global injectables pie
Sensex (11465) SUPPORT-11379-11305-11221 RESISTANCE-11551-11640-11710 Sensex traded flat for the past 3days and gap is acting as a strong support and now we need a close above 11580 levels to see 12050-12200 levels in 2weeks. Support on downside would come near 11191-11221 levels and one should worry only if we breach that level and close till then have a bullish view.
8dma=11275 13dma=11110 21dma=11870 34dma=10768 55dma=10438 OPEN=11498 HIGH=11508 LOW=11409 BSE adv: 1265 dec: 1236 -vol-rs.3229crs
Fiis buyer rs.808crs and Mutual funds seller rs.23crs on Thursday, Fiis buyer rs.3258crs in August month and buyer rs.16005Crs in 2006, mutual fund buyer rs.309crs in August month. F&O DATA Fiis sell rs.55crs in nifty future and sell rs.11crs in stock future on 18th August and provisional Fiis buy in cash rs.87crs source NSE website
Day That Ended: Weekend sentiment has prevailed with flat markets drop in volumes and an advance decline ratio which was almost equal, OIL marketing companies & HC-health care gaining while METALS-BANKS noticeable loser. International market U.S markets ended positive EURO markets mixed with no major movement Crude $71.14 Indian ADRs mixed. With many news pointing to Indian pharma as a future hub and the drug policy pricing in place that would be one sector which can show some major upside.
Outlook for Monday: Bullish on few stocks which can surprise even if the markets moves downside BEML-MICROTECH-PUNTRACTOR-NELCO-WOCKHARD-BIOCON-RANBAXY-RELIANCE. To make money in stock markets one should know the downside risk and upside potential of the stock when u know the downside is limited taking a buy call would give the maximum returns but this involves many calculation to know if we have bottomed out and a person who has spread his risk in more than 20 stock only can earn a safe decent returns.
STOCK TECH view: MICROTECH: buy near rs.270-280 stops at rs.258 target rs.315-325 stock shows sign of bottoming out and can soon target higher levels. PUNJABTRACTOR: this stock is showing a small rounding bottom formation and can target rs.270-290 and even higher levels investment for medium term only advisable buy in dips.
Counter view: There is a remarkable increase in leverage position from retail investor which is always a danger sign, F&O Future & Option has unique advantage and disadvantage and which small investor can never make use of due to many limitations. 1) Investor should understand F&O is time bound 1month-2month-3month so this make it very simple one person loss is other person gain. 2)But in my experience the gains goes to arbitrage funds who benefit from cost of carry and few market intermediaries but the loss is suffered mainly by investor 3) How? Investors buy in F&O because they have limitation of funds so they like to maximize the profit with minimum investment but in reality this can never happen 4) why? Markets never move one side up or down it moves up & down so on a daily basis there is always mark to margin over and above u r initial margin suddenly the stock loses 8-10% which means big chunk of money goes in paying mark to market margin and a fear builds in as F&O position is taken due to limitation in fund end when he sees 3-4% more drop he is unable to bear the pain and sell in panic and all is capital gets eroded. Conclusion one who buys in cash can relax and one who buys on credit is always tensed profit is made only when u can bear the pain of markets and it can happen only when u can limit u r risk.
NEWS:
http://www.capitalmarket.com Ranbaxy Laboratories has launched its brand Soliten (Solifenacin) in India for managing chronic urological disorder. The product is being introduced for the first time in India. Soliten will be sold in dosage form of 5 mg and 10 mg tablets. PRICOL plans to split its operation into two independent divisions to battle rising input cost and competition. The split will be based on the growth potential for its divisions and is expected to leverage its light engineering segment. The company had seen a fall in market share from 50% from 42% in India in the last three years due to higher input cost and tighter competition. Refinery stocks surged on the back of consistently declining price of crude oil globally.
http://www.businessstandard.com Larsen and Toubro Ltd and Mitsubishi Heavy Industries are planning to set up a power generation-equipment manufacturing facility for 800 Mw super-critical boilers in the country. Ranbaxy Laboratories said Life Insurance Corporation of India has increased its stake in the company to 10.04%. The floods that ravaged Surat has taken the city backwards economically by at least 25 years, and it is likely to remain so for at least the next five years, according to industry experts who have watched the economic progress of the diamond-cutting city.
http://www.financialexpress.com Centurion Bank of Punjab (CBoP) on Saturday announced an in-principle agreement to acquire the 65-year old Kochi-based unlisted Lord Krishna Bank (LKB). The $120 billion global market for injectables is getting increasingly attractive for Indian pharmaceutical companies. The injectable formulations market is growing at a rate of 10% worldwide and injectables worth $5.5 billion are coming off patent in the US alone by 2010. This includes Amgen's Neupogen (Filgrastim) with 2002 sales of $1.5 billion, and GSK's Zofran (Ondansetron) with annual sales of $1.3 billion in 2003. Sensing this opportunity, players in the $1 billion Indian injectables segment are partnering with MNCs for supply of injectables. Orchid Chemicals & Pharmaceuticals had tied up with Apotex Corp of the US for the sale of its injectable medicines in the US.
http://www.thehindubusinessline.com Abbott India Ltd has informed BSE that a meeting of the board of directors will be held on August 25 to consider a proposal for buyback of a portion of fully paid equity shares of the company. Transworks Information Services Ltd, the BPO arm of Aditya Birla group, completed its $125 million acquisition of Canadian firm Minacs. German cement and building materials giant Heidelberg Cement AG's subsidiary Cementrum I BV has decided to waive off the conditions for accepting minimum number of shares under the open offer made by it to the shareholders of SK Birla group company Mysore Cements Ltd.
http://economictimes.indiatimes.com India is emerging as the global clinical research hub. Many multinational pharmaceutical companies are conducting clinical trials on new drugs in India which have passed through Phase I studies in their country of origin.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6Pnf6gWNYgk&refer=worldwide_news BHP Shuts World's Biggest Copper Mine After Blockade
http://www.adb.org/documents/books/ado/2006/documents/ado2006.pdf This 18th edition of the Asian Development Outlook provides a comprehensive economic analysis of 43 economies in developing Asia and the Pacific.
http://www.financialexpress.com/fe_full_story.php?content_id=137706 Pharma firms eye global injectables pie
CASH & CREDIT
There is a remarkable increase in leverage position from retail investor which is always a danger sign, F&O Future & Option has unique advantage and disadvantage and which small investor can never make use of due to many limitations. 1) Investor should understand F&O is time bound 1month-2month-3month so this make it very simple one person loss is other person gain. 2)But in my experience the gains goes to arbitrage funds who benefit from cost of carry and few market intermediaries but the loss is suffered mainly by investor 3) How? Investors buy in F&O because they have limitation of funds so they like to maximize the profit with minimum investment but in reality this can never happen 4) why? Markets never move one side up or down it moves up & down so on a daily basis there is always mark to margin over and above u r initial margin suddenly the stock loses 8-10% which means big chunk of money goes in paying mark to market margin and a fear builds in as F&O position is taken due to limitation in fund end when he sees 3-4% more drop he is unable to bear the pain and sell in panic and all is capital gets eroded. Conclusion one who buys in cash can relax and one who buys on credit is always tensed profit is made only when u can bear the pain of markets and it can happen only when u can limit u r risk.
Friday, August 18, 2006
Daily Report August 18th Friday
Nifty (3353) SUPPORT-3333-3310-3281 RESISTANCE-3382-3405-3437 Nifty range 3333-3405 there seem to be a strong support at 3333-3310 levels and we will see a major upside if markets stays above 3340 levels and from here RELIANCE will lead the rally. Stop loss for nifty stands at 3310 intraday basis and 3325 on closing basis very tight one now. http://prabhakar-views.blogspot.com/2006/08/reliance.html RELIANCE GRAPH TOP 5GAINERS=SIEMENS-IPCL-TATAMOTORS-DRREDDY-TATAPOWER TOP5LOSER=REL-TATASTEEL-HINDALCO-ONGC-HINDPETRO. P/E=18.83 p/b=4.54 adv=29 dec=21 NSE adv:268 dec:656 -vol-rs.7153crs
Sensex (11477) SUPPORT-11390-11312-11205 RESISTANCE-11564-11678-11749 Sensex is looking strong as the gap was not able to close and the bounce back was strong so now if sensex closes above 11600 it would test 12100 soon but now with failing crude and drop in metal prices the sector would change. AUTO-CAPITALGOODS-MANMADETEXTILES-OILMARKETING&REFINERY would do well.
8dma=11194 13dma=11054 21dma=11801 34dma=10743 55dma=10419 OPEN=11498 HIGH=11551 LOW=11379 BSE adv: 875 dec: 1614 -vol-rs.3849crs
Fiis buyer rs.952crs and Mutual funds buyer rs.27crs on Wednesday, Fiis buyer rs.2449crs in August month and buyer rs.15196Crs in 2006, mutual fund buyer rs.333crs in August month. F&O DATA Fiis sell rs.389crs in nifty future and buy rs.42crs in stock future on 17th August and provisional Fiis buy in cash rs.442crs source NSE website
Day That Ended: Markets opened positive and profit booking at higher levels dragged index into negative and this was a divided market as price cut in steel from china affected sentiment in Indian metal stocks, Crude $70.63 was double benefit to AUTO stock and OIL-CG-MANMADETEX would also benefit. Markets volumes in cash segment are improving and FIIs are investing heavily into market and investors prefer profit booking at every rise. International markets U.S markets closed tad positive while Indian ADRs mostly in red EURO markets closed positive ASIAN markets has opened on a positive note.
Outlook for Friday: Crude falling would be very good news for Indian growth as that was a big worry factor and Indian business confidence was dented by that, RELIANCE would be major beneficiary as there retail outlet had a price higher than PSUOIL companies BPCL-HPCL-IOC would benefit double bonanza as oil bonds has got parliament approval too and failing crude would make them attractive. CENTURYENKA-INDORAMASYS-POLYPLEX-IPCL to name a few would major gainer if crude can reach a level of $60 so jus have a close watch.
Counter view: CRUDE can crash $62 in my view we would see technical reason demand & supply reason for crude crash. TECHINCAL REASON crude has formed a island reversal $76 around levels which is a bearish sign and next support for crude comes at $68&$62 and any island reversal would give a 20% downside or a upside so the price $62 would be possible soon. DEMAND &SUPPLY reason Middle East seem to return to peace and there was a statement from IRAN FM that they would wish to settle the nuclear issue, high crude prices normally pushes down the demand and with no major natural calamity like hurricane & cold winter things looks good for a fall, there was one interesting report which surprised by saying India consumed 3.5 % less crude than last year so which goes to prove alternate energy source, fuel efficient automobiles, electrification of many rail route and use of CNG can be reasons and with many biofuels used and many new well dug things can change in near future there is a possibility of crude touching $45-50 in 12-15months time . BENEFIT India as a nation would gain immensely any fall would add to balance of payment as imports of crude is the single biggest component and many more factors are there.
NEWS:
http://www.capitalmarket.com Neyveli Lignite Corporation and Government of Gujarat have entered into a memorandum of understanding (MoU) for establishing an integrated lignite mine of 8 million tonnes per annum linked to a power project of 1,000 mega watt in South Gujarat in the first phase, which will be enhanced later to 1,500 mega watt in the second phase with linked mine capacity of 12 million tonnes per annum. The entire project will cost Rs 7,500 crore and will be implemented in a period of 5 years from the day of signing the memorandum. Asian Electronics will invest up to Rs 100 crore for buying at least 50% stake in the US-based Westinghouse Lighting Corporation. This partnership will give the company access to the Westinghouse brand and its network in the US. Shree Precoated Steels has decided to raise Rs 1,163 crore through allotment of FCCBs or securities in any other form to fund expansion plans. Savita Chemicals’ board will meet on 21 August 2006 to consider the issue of bonus shares by capitalisation of permitted reserves.
http://www.businessstandard.com OVL Mittal Energy Ltd may invest between $1.5 billion and $2 billion in the development of two off-shore deep-water blocks that it had bagged in Nigeria this May. Punj Lloyd has won an order worth Rs 823 crore from Rajasthan Vidyut Utapadan Nigam, Jaipur on EPC basis. The contract is for building the 2x250 MW Chabbra Thermal Power Station, Rajasthan on a fast track basis. Bharati Shipyard has bagged a contract from Reliance Industries for the construction of six vessels, including one diving support vessel, for its offshore terminal at Jamnagar. Rolta India and Thales, France today announced the signing of an agreement to establish a joint venture in India.
http://www.financialexpress.com Videocon Industries Ltd. and four others have submitted final bids to buy South Korean home appliance and television maker Daewoo Electronics, a source close to the deal said on Thursday. The sugar industry’s talks with the petroleum ministry over ethanol blending are still deadlocked over pricing, but a deal is expected over the next couple of weeks as international prices firm up.
http://www.thehindubusinessline.com Havell's plans acquisition in China to enhance global reach. Hinduja TMT completes Hutch-Essar stake sale. Micro Technologies India Ltd has announced that it has entered into a tie-up with Active Solutions Pvt Ltd, Nepal for launching its security products.
http://economictimes.indiatimes.com Tata Motors, India’s largest commercial vehicle maker, is learnt to be working on an initial public offering (IPO) for two of its group companies -HV Axles and HV Transmissions - as part of a larger corporate restructuring programme and to also tap alternate options of raising resources to part-finance expansion plans. Pharma major Lupin proposes to set up a sector-specific Special Economic Zone (SEZ) in Maharashtra to produce API and formulations with an initial investment of Rs 200 crore.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://timesofindia.indiatimes.com/articleshow/1896263.cms In a world of guzzlers, India is fuel saver
Sensex (11477) SUPPORT-11390-11312-11205 RESISTANCE-11564-11678-11749 Sensex is looking strong as the gap was not able to close and the bounce back was strong so now if sensex closes above 11600 it would test 12100 soon but now with failing crude and drop in metal prices the sector would change. AUTO-CAPITALGOODS-MANMADETEXTILES-OILMARKETING&REFINERY would do well.
8dma=11194 13dma=11054 21dma=11801 34dma=10743 55dma=10419 OPEN=11498 HIGH=11551 LOW=11379 BSE adv: 875 dec: 1614 -vol-rs.3849crs
Fiis buyer rs.952crs and Mutual funds buyer rs.27crs on Wednesday, Fiis buyer rs.2449crs in August month and buyer rs.15196Crs in 2006, mutual fund buyer rs.333crs in August month. F&O DATA Fiis sell rs.389crs in nifty future and buy rs.42crs in stock future on 17th August and provisional Fiis buy in cash rs.442crs source NSE website
Day That Ended: Markets opened positive and profit booking at higher levels dragged index into negative and this was a divided market as price cut in steel from china affected sentiment in Indian metal stocks, Crude $70.63 was double benefit to AUTO stock and OIL-CG-MANMADETEX would also benefit. Markets volumes in cash segment are improving and FIIs are investing heavily into market and investors prefer profit booking at every rise. International markets U.S markets closed tad positive while Indian ADRs mostly in red EURO markets closed positive ASIAN markets has opened on a positive note.
Outlook for Friday: Crude falling would be very good news for Indian growth as that was a big worry factor and Indian business confidence was dented by that, RELIANCE would be major beneficiary as there retail outlet had a price higher than PSUOIL companies BPCL-HPCL-IOC would benefit double bonanza as oil bonds has got parliament approval too and failing crude would make them attractive. CENTURYENKA-INDORAMASYS-POLYPLEX-IPCL to name a few would major gainer if crude can reach a level of $60 so jus have a close watch.
Counter view: CRUDE can crash $62 in my view we would see technical reason demand & supply reason for crude crash. TECHINCAL REASON crude has formed a island reversal $76 around levels which is a bearish sign and next support for crude comes at $68&$62 and any island reversal would give a 20% downside or a upside so the price $62 would be possible soon. DEMAND &SUPPLY reason Middle East seem to return to peace and there was a statement from IRAN FM that they would wish to settle the nuclear issue, high crude prices normally pushes down the demand and with no major natural calamity like hurricane & cold winter things looks good for a fall, there was one interesting report which surprised by saying India consumed 3.5 % less crude than last year so which goes to prove alternate energy source, fuel efficient automobiles, electrification of many rail route and use of CNG can be reasons and with many biofuels used and many new well dug things can change in near future there is a possibility of crude touching $45-50 in 12-15months time . BENEFIT India as a nation would gain immensely any fall would add to balance of payment as imports of crude is the single biggest component and many more factors are there.
NEWS:
http://www.capitalmarket.com Neyveli Lignite Corporation and Government of Gujarat have entered into a memorandum of understanding (MoU) for establishing an integrated lignite mine of 8 million tonnes per annum linked to a power project of 1,000 mega watt in South Gujarat in the first phase, which will be enhanced later to 1,500 mega watt in the second phase with linked mine capacity of 12 million tonnes per annum. The entire project will cost Rs 7,500 crore and will be implemented in a period of 5 years from the day of signing the memorandum. Asian Electronics will invest up to Rs 100 crore for buying at least 50% stake in the US-based Westinghouse Lighting Corporation. This partnership will give the company access to the Westinghouse brand and its network in the US. Shree Precoated Steels has decided to raise Rs 1,163 crore through allotment of FCCBs or securities in any other form to fund expansion plans. Savita Chemicals’ board will meet on 21 August 2006 to consider the issue of bonus shares by capitalisation of permitted reserves.
http://www.businessstandard.com OVL Mittal Energy Ltd may invest between $1.5 billion and $2 billion in the development of two off-shore deep-water blocks that it had bagged in Nigeria this May. Punj Lloyd has won an order worth Rs 823 crore from Rajasthan Vidyut Utapadan Nigam, Jaipur on EPC basis. The contract is for building the 2x250 MW Chabbra Thermal Power Station, Rajasthan on a fast track basis. Bharati Shipyard has bagged a contract from Reliance Industries for the construction of six vessels, including one diving support vessel, for its offshore terminal at Jamnagar. Rolta India and Thales, France today announced the signing of an agreement to establish a joint venture in India.
http://www.financialexpress.com Videocon Industries Ltd. and four others have submitted final bids to buy South Korean home appliance and television maker Daewoo Electronics, a source close to the deal said on Thursday. The sugar industry’s talks with the petroleum ministry over ethanol blending are still deadlocked over pricing, but a deal is expected over the next couple of weeks as international prices firm up.
http://www.thehindubusinessline.com Havell's plans acquisition in China to enhance global reach. Hinduja TMT completes Hutch-Essar stake sale. Micro Technologies India Ltd has announced that it has entered into a tie-up with Active Solutions Pvt Ltd, Nepal for launching its security products.
http://economictimes.indiatimes.com Tata Motors, India’s largest commercial vehicle maker, is learnt to be working on an initial public offering (IPO) for two of its group companies -HV Axles and HV Transmissions - as part of a larger corporate restructuring programme and to also tap alternate options of raising resources to part-finance expansion plans. Pharma major Lupin proposes to set up a sector-specific Special Economic Zone (SEZ) in Maharashtra to produce API and formulations with an initial investment of Rs 200 crore.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
Disclaimer: trade in stock market is high risk& high return and I do not accept any financial and/or legal responsibility arising the use of the information this is no offer to buy/sell jus my views to share.
http://timesofindia.indiatimes.com/articleshow/1896263.cms In a world of guzzlers, India is fuel saver
Thursday, August 17, 2006
CRUDE can crash
CRUDE can crash $62 in my view we would see technical reason demand & supply reason for crude crash. TECHINCAL REASON crude has formed a island reversal $76 around levels which is a bearish sign and next support for crude comes at $68&$62 and any island reversal would give a 20% downside or a upside so the price $62 would be possible soon. DEMAND &SUPPLY reason Middle East seem to return to peace and there was a statement from IRAN FM that they would wish to settle the nuclear issue, high crude prices normally pushes down the demand and with no major natural calamity like hurricane & cold winter things looks good for a fall, there was one interesting report which surprised by saying India consumed 3.5% less crude than last year so which goes to prove alternate energy source, fuel efficient automobiles, electrification of many rail route and use of CNG can be reasons and with many biofuels used and many new well dug things can change in near future there is a possibility of crude touching $45-50 in 12-15months time . BENEFIT India as a nation would gain immensely any fall would add to balance of payment as imports of crude is the single biggest component and many more are there.
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