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.


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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.

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