a bear market you do not want them."
**Nifty* (*3274) SUPPORT-3251-3236-3200 RESISTANCE-3305-3335-3374 Nifty
range would be 3247-3305 nifty has a strong resistance at 3323 and any
close above that would change the market sentiment towards positive so till
that is not crossed we would maintain strict stop loss for all the long
position at 3184*.*TOP 5GAINERS=SIEMENS-IPCL-RELIANCE-HEROHONDA-SUZLON
TOP5LOSER=ICICIBANK-WIPRO-PNB-GLAXO-SUNPHARMA. P/E=18.38 p/b=4.46 adv=25
dec=23 **NSE adv: 680 dec: 233 -vol-rs.6596crs*
*Sensex (11192) SUPPORT-11105-11034-10940 RESISTANCE-11279-11356-11471
Sensex has closed above 11000 for 4consecutive days so that would become a
strong support and this is the highest weekly close in 13weeks. Markets
would be in a range 10900-11500 for this month in my view with more positive
bias. *
*8dma=10997 13dma=10885 21dma=10656 34dma=10631 55dma=10365
OPEN=11181
HIGH=11241 LOW=11069 BSE adv: 1700 dec: 746 -vol-rs.3402crs *
*Fiis buyer rs.151crs and Mutual funds buyer rs.22crs on Thursday, Fiis
buyer rs.1423crs in August month and buyer rs.14170Crs in 2006, mutual fund
buyer rs.226crs in August month. F&O DATA Fiis buy rs.162crs in nifty future
and sell rs.56crs in stock future on 11th August and provisional Fiis buy in
cash rs.210crs source NSE website*
* *
*Day That Ended:** Market opened strong to correct on U.S warning that **
India** maybe the target of terror attack and they later clarified that they
don't have definitive information and markets recovered to close positive.
INFOSYS touched its lifetime high at rs.1750 and many funds have come with a
buy for a target of rs.2000 after the analyst meet, volumes is increasing
with positive advance to decline ratio higher delivery volumes.
International markets U.S markets closed negative Indian ADRs closed mixed
EURO markets closed positively flat Crude $74.35.*
*Outlook Monday**: **Markets should open strong and there seem to be truce
in MIDDLEEAST which should boost the sentiment of international markets. **
** VOLTAS-ENGINEERSINDIA-GLENMARKPHARMA-IPCL-OPTOCIRCUIT-TNPL-TATASTEEL-HEROHONDA
would be few bullish stocks for the week. One should be stock specific and
invest in good long term growth stock and those would be stocks where u can
make good returns in short and long term. Value pick
GDL-BEML-ASTROMICRO-NELCO and in dips one can add EMCO-VENUS REMEDIES.*
* *
*STOCK TECH view: IPCL above rs.276 close would target is all time high at
rs.311 soon and 275 around levels is a triple top. TATASTEEL has given a
breakout and should target rs.560-565 or even more levels soon.
**VOLTAS**looks good for a big target investor looking for safe
returns can accumulate
for 15-20% in 2-3months. *
* *
*Counter view: **This is my understanding of real estate markets take u r
own decision)** There was news that GOVT to curb registration of property
using power of attorney wat would be the effect of this in REALESTATE
market. Firstly this would stop laundering of black money, increase revenue
to state ¢ral govt, avoid excess speculation, put an end to so many
litigation and now we would discuss this in detail. Many real estate brought
are not registered the buyer jus takes a power of attorney which costs jus
few hundred rupees and he waits for a buyer to sell at higher levels so
stamp duty is evaded and income tax also as few sales are not shown
officially in the books now when the power of attorney is curbed then the
biggest loophole will be plugged and all transaction should go for
registration. This power of attorney normally can be cancelled without
informing power agent and this leads to many unwanted litigation. So wat
does govt aims to do by putting the curb 1) increase revenue 2) speculation
arrested 3) litigation avoided 4) put an effective end to money laundering
5) making housing affordable to real user. Housing bubble is wat many call
world over and the feeling is high that bubble in that sector would bust
soon and it would affect economy-
http://www.newsmax.com/money/archives/articles/2006/8/10/095345.cfm
http://www.newsmax.com/fir/fir-templeton3a.cfm?s=al&promo_code=2413-1 *
*http://money.cnn.com/2006/08/11/real_estate/bubble_sitting/index.htm . *
* *
*NEWS:*
*http://www.capitalmarket.com **Super Spinning Mills has announced **8
September 2006** as the record date for the purpose of the 10:1 stock split.
Camlin commands around 40-45% of the market in the office-stationery
segment. Recently, it entered into a 60:40 joint venture (JV) with the
UK-based firm ColArt Fine Art and Graphics, a world leader in the colour
segment with nearly 60% of the world market. The JV, ColArt Camlin Canvas,
will manufacture and export canvasses. Gitanjali Gems glitters on block
deals* *of 16.3 lakh shares were recorded in the scrip at Rs
145.20-147.75per share. Details of buyers and sellers were not known
immediately.
***
*http://www.businessstandard.com **The Securities and Exchange Board of **
India** (SEBI) barred broker Credit Suisse First **Boston** (**India**)
Securities (CSFB) from carrying on its trade for a month for violating its
code of conduct for brokers. It found the firm, registered as a broker on
both the NSE and the BSE, to have executed trades of another broker C
Mackertich (CML) which, Sebi claimed, was acting as unregistered sub-broker
in violation of the law. Reliance Petroleum, a subsidiary of Reliance
Industries Limited (RIL), has said it had mandated bankers to arrange $1.5
billion syndicated term loan facility to finance the 580,000 barrels per day
refinery and the 0.9 million tonne per annum polypropylene unit.***
*http://www.financialexpress.com **Private carrier Jet Airways, which is
engaged in a legal battle with Sahara group over the failed deal to acquire
Air Sahara, is understood to be holding discussions with the **Sahara** top
brass for an out-of-court
settlement
***
*http://www.thehindubusinessline.com **Given the economic and educational
developments, India has emerged as one of the major powers of the world,
World Bank **India** Head Michel Carter said on Friday. Tata Steel's tube
division is expecting a growth of around 70 per cent this fiscal and sees
the continuation of the same growth rate in 2007-08, the company's
Executive-in-Charge, Tubes, Mr Vivek Kamra, said. Oil and Natural Gas
Corporation (ONGC) hopes to resume gas supplies from the Hazira gas
processing complex within a week. *
*http://economictimes.indiatimes.com** US alert on the possibility of terror
strikes in India, possibly including by al-Qaeda members in the run-up to
its Independence Day Aug 15, was a general warning rather than one based on
'definitive information'. The headline inflation rate has eased to 4.61%,
for the week ended **29 July, 2006**, from 4.67% in the previous week.
Finance minister P Chi-dambaram also exuded confidence that the softer
inflation trend would continue.***
* *
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://www2.goldmansachs.com/insight/research/reports/99.pdf *Dreaming with
BRICs good report must read.*
* http://news.xinhuanet.com/english/2006-05/30/content_4623251.htm **China*
* to continue iron ore talks with foreign miners***
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