EMCO

Daily Report September 29th Friday

Nifty (3571) SUPPORT-3559-3536-3511 RESISTANCE-3592-3628-3674 Nifty should cross 3592 to be bullish, Nifty & Sensex is not behaving in tandem it can be F&O or else ONGC effect as nifty closed negative while sensex positive so it makes it simple to have alternate view. Now stop loss for nifty target 3856 would be 3508 on closing basis & before I had mentioned target for month end SEP2006 as 3650 and 3604 has been seen market is correct we will see wat it says.TOP 5GAINERS=ORIENTBANK-NATIONALUM-PNB-HDFC-HDFCBANK TOP5LOSER=LT-HINDPETRO-JETAIRWAYS-DRREDDY-TCS. P/E=20.83 p/b=4.73 adv=15 dec=35 NSE adv: 491 dec: 429 -vol-rs.8598crs

Sensex (12380) SUPPORT-12328-12234-12117 RESISTANCE-12464-12546-12624 Sensex has formed almost double bottom near the gap at 12339 which will be support now it would be wise to jus ride the wave till we get a clear reversal signal as today close will be significant in many ways month end close previous high 12042 and weekly highest close 12359 & on a daily basis 12624 and highest 12671 so we are very close to many all time highs and each and every thing has big impact in markets sentiment and important would be will we make all in one go.
8dma=12229 13dma=12110 21dma=11999 34dma=11807 55dma=11362 OPEN=12388 HIGH=12431 LOW=121340 BSE adv: 1355 dec: 1134 -vol-rs.3948crs
Fiis buyer rs.555crs & Mutual funds seller rs.115 on Wednesday, Fiis buyer rs.4705crs in Sep month and buyer rs.22094Crs in 2006, mutual fund buyer rs.909crs in Sep month. F&O DATA Fiis sell rs.556crs in nifty future and sell rs.313crs in stock future on 28th September and provisional Fiis buy in cash rs.228crs source NSE website

Day That Ended: Last day of F&O surprise was less than 1% movement intraday in the index and FIIs data say there OI in F&O is rs.18930crs which hasn’t grown much after MAY2006 crash while they have invested nearly rs.4700crs in this month alone till now. BANKEX gained 3.7% and that index has broken all time high on Wednesday itself this is 2nd performing sectoral index after TECH & AUTO should be catching up soon followed by HC-CD in my view. International markets U.S markets closed positive with Indian ADRs where down EURO markets positive ASIAN markets positive now CRUDE $ 62.44.

Outlook for Friday: Month end closing quarterly, half yearly weekly so all mixed together gives this day closing so much of importance and we today see few significant all time records created, panic would be chance to add as DOWJONES is almost near to its 2000 high till now it has been on Indian market strength we have gone up now soon we would see global markets rally. Result season buying with euphoria, rumour & speculation would start and SEP11 is INFOSYS results, I would remind investors that if u have invested in 10 stocks 2can be wrong and this happen with MF-FIIs when BANKS lend they have NPA so chances of error is high so divide u r risk sector wise & stock wise and if u r capital is too small and if u feel it wont be possible best option would be mutual funds.

HOTSTOCKS: EIDPARRY-TATACHEM-M&M-STER-
BREAKOUT stocks: http://prabhakar-views.blogspot.com TATACHEM(238): 10-12% upside above rs.240 & this should happen at a very fast pace. The stock has closed at high after MAY17 2006, looks good on monthly, weekly, daily and now hourly charts also.
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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.
http://www.marketwatch.com/news/story/Story.aspx?guid=%7B93C12C7C%2D8611%2D4394%2D8C94%2DF4571CCA31F5%7D&siteid DOWJONES high of 11,722.98 -- set on Jan. 14, 2000 -- in the past week, and its record intraday high of 11,750.28
http://www.businessstandard.com/common/storypage_c.php?leftnm=10&bKeyFlag=BO&autono=260092&chkFlg M&M buys 68% in Germany`s Jeco
http://www.businessstandard.com/common/storypage_c.php?leftnm=10&bKeyFlag=BO&autono=260093&chkFlg Wipro arm to buy Swedish firm.

http://content.icicidirect.com/market/BoardMeetings.asp

IHS in TATA CHEMICALS

Daily Report September 28th Thursday

To anticipate the market is to gamble; to be patient and react only when the market gives the signal is to speculate- Jesse livemore.
Nifty (3579) SUPPORT-3565-3542-3511 RESISTANCE-3607-3634-3662 Nifty range 3565-3634 being a F&O last day volatility can be more than expected, and today ONGC would be important stock to watch rs.1200 being a strong resistance. Nifty is lagging sensex by approx 3% to reach the previous high so it would be wise to look at sensex for larger moves as nifty undue weightage to ONGC can make it bit biased. TOP 5GAINERS=REL-HDFC-ORIENTBANK- MARUTI-SUZLON TOP5LOSER=M&M-HEROHONDA-BPCL-LT-WIPRO. P/E=20.87 p/b=4.74 adv=29 dec=21 NSE adv: 505 dec: 407 -vol-rs.7159crs

Sensex (12366) SUPPORT-12269-12154-12006 RESISTANCE-12431-12509-12614 Sensex opened with a gap and 12331-12339 is sustained market rally from 11444-12442 has created 3gaps now of which if 2gaps closes it would be healthy& 250 points correction would close it with today being 13th day of the rise of 998points will this happen being last day of F&O is big guess.
8dma=12190 13dma=12047 21dma=11968 34dma=11771 55dma=11335 OPEN=12359 HIGH=12442 LOW=121339 BSE adv: 1346 dec: 1157 -vol-rs.3948crs
Fiis buyer N.A & Mutual funds buyer rs.446 on Tuesday, Fiis buyer rs.4115crs in Sep month and buyer rs.21504Crs in 2006, mutual fund buyer rs.1003crs in Sep month. F&O DATA Fiis buy rs.196crs in nifty future and sell rs.95crs in stock future on 27th September and provisional Fiis buy in cash rs.410crs source NSE website

Day That Ended: Strong Euphoric opening to close with marginal gains Indian markets is moving on its own strength and we are not following global cues but we would soon see euphoria in Indian markets if DOWJONES crosses its all time high. BANKEX-HEALTHCARE where the 2sector which gained 1% while METALS had a good day too & there was news that HR coils pricing power is back which boosted steel companies. International markets U.S markets closed positive EURO markets very positive close ASIAN markets steady open with Nikkei bit stable now CRUDE has gained $62.92.

Outlook for Thursday: F&O settlement with FIIs & MF buying big this should be a day of big fight the rally for past 3yrs has been rising with its fundamental values and we saw some euphoria in APRIL-MAY which led to the crash, till markets gives good correction and till 90% of intraday player are not making money then it is a big sign euphoria hasn’t started & markets are on healthy track. I would say all good F&O stock place a buy 5-10% below yesterday close and panic would be chance to add good stocks. Value picks GDL-GAMMON-BEML-TATACHEM-CESC.

BREAKOUT stocks: http://prabhakar-views.blogspot.com MARUTI above rs.974 formation is CUP &HANDLE. RANBAXY rs.425 double top and high of almost 17weeks . AUROPHARMA RS.666 above would be major breakout.
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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=6155 BRICs PCG: Buy IVRCL, Orient Paper.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=6162 Ranbaxy arm launches Atorvastatin generics in Malaysia.

STOCK MARKET POLL

hii guys tick the appropriate options
	Will 3856 reach by oct end
	Or we will see 3300 first before any upside
	This expiry will u see nifty 100 points volatility
Free polls from Pollhost.com

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com NOIDATOLL(38.8 BSE) target rs.48-52 the stock is trading around 200DMA for a long time and this stock has a potenial upside ( stocks which are low priced investor buy heavily i would caution them when u add jus have it below 3% of u r investment )

Daily Report September 27th Wednesday

Nifty (3571) SUPPORT-3549-3521-3494 RESISTANCE-3595-3622-3648 Nifty above 3549 would be bullish now this markets should be viewed different jus run profits with a tight stop loss and take profits where u feel happy as markets nears it peak stocks which hasn’t performed would give better returns. And now nifty stop loss would be 3494 for the trend on closing basis for the target of 3856. TOP 5GAINERS=WIPRO-ICICIBANK-SBIN-SUZLON-MARUTI TOP5LOSER=BPCL-MTNL-ITC-VSNL. P/E=20.83 p/b=4.73 adv=46 dec=4 NSE adv: 458 dec: 456 -vol-rs.7055crs

Sensex (12321) SUPPORT-12254-12145-12067 RESISTANCE-12411-12506-12589 Sensex opening is most important highest close ever for sensex is 12612 which would be the level to watch. Chance of gap up open is possible and for the day till 12254 is not broken we would see markets giving one more day of good gains.
8dma=12145 13dma=12012 21dma=11937 34dma=11735 55dma=11303 OPEN=12206 HIGH=12331 LOW=12160 BSE adv: 1230 dec: 1253 -vol-rs.3490crs
Fiis seller rs.268crs & Mutual funds buyer rs.223on Monday, Fiis buyer rs.4115crs in Sep month and buyer rs.21504Crs in 2006, mutual fund buyer rs.556crs in Sep month. F&O DATA Fiis buy rs.1236crs in nifty future and sell rs.49crs in stock future on 26th September and provisional Fiis buy in cash rs.14crs source NSE website

Day That Ended: Market closed stronger on BANKS-AUTO-OIL sector gains and with F&O settlement short covering & fresh buying is moving markets up & extension of pan card till DEC31 has given a breather to many investor. Hedge funds have pulled out near $16billon from commodity markets and my personnel feeling is that the speculative hot money would fuel major rally in stock markets world over. International markets almost all markets is in GREEN and Japan NIKKEI has gained 1.69% till now Indian ADRs positive CRUDE $ 61.20. World Economic Forum’s Global Competitiveness Index (GCI) gives India the chance out break out of the rank- when u read the report u will understand how well India is doing with too many drawback due to lack of political will.

Outlook for Wednesday: Market to open very positive and short covering would push markets higher with very positive global markets and many positive news flow, now investors shouldn’t get carried away it is time where u have to stick to basic. BOT- built operate transfer companies which has a good cash flow model with growing traffic would do good in years to come & these companies have shed there premium which was there before MAY2006 GAMMON-IVRCL-HCC-NCC-NOIDATOLL to name a few. Few stock looks to gain big BEML-BHARTISHIPYARD-SATYAMCOMP-WIPRO-RANBAXY-WOCKHARD-CESC-TATAPOWER-IPCL-BIOCON-EMCO-TVSMOT and now RELIANCE near its all time high rs.1184 any breakout would soon make it cross rs.1270.

STOCK TECK view: http://prabhakar-views.blogspot.com NOIDATOLL(38.8 BSE) target rs.48-52 the stock is trading around 200DMA for a long time and this stock has a potenial upside ( stocks which are low priced investor buy heavily i would caution them when u add jus have it below 3% of u r investment )
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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://www.financialexpress.com/latest_full_story.php?content_id=141564 'India could handle 30% US banking process'
http://economictimes.indiatimes.com/articleshow/2030260.cms Ranbaxy eyes US co, eyes the record book too.

NATIONAL ALUMINIUM

STOCK TECK view: http://prabhakar-views.blogspot.com NATIONALUM(209) target rs.259-277 this stock moved from rs.152 to 334 in 29week and reacted till rs.185 and now 20weeks has happened so 80% of price and time has been retraced, and we would see a techincal bounce back & F&O indicators are pointing towards that and rs.215 would be a very crucial level to watch. This stock has a potential of giving above 20% return and one should have adquate stop loss so that he has a favorable risk reward ratio.

Daily Report September 26th Tuesday

“I never try to predict or anticipate. I only try to react to what the market is telling me by its behavior.”-Jesse livemore.

Nifty (3523) SUPPORT-3507-3485-3452 RESISTANCE-3548-3577-3608 Nifty would be strong if 3507 is not cut on the downside cutting which we would see a panic sell off and where we close is so important any close above 3478-3485 is very bullish sign, any close below that we would see once it happens. In case nifty stays above 3507 then upside would be very big led by METALS & POWER sector. TOP 5GAINERS=BPCL-TATASTEEL-HINDPETRO-NATIONALUM-PNB
TOP5LOSER=SUZLON-BAJAJAUTO-GRASIM-ITC-HINDLEVER. P/E=20.21 p/b=4.59 adv=18 dec=32 NSE adv: 326 dec: 592 -vol-rs.6168crs

Sensex (12173) SUPPORT-12130-12058-11932 RESISTANCE-12245-12337-12484 Sensex spending time above 12000 levels is a very good sign healthy market always moves slow and for every 8days would give 3day correction. 12130-12245 if this range is broken on either side the move would be very big and global factors are pointing to positive.
8dma=12102 13dma=11976 21dma=11903 34dma=11697 55dma=11279 OPEN=12257 HIGH=12273 LOW=12145 BSE adv: 998 dec: 1510 -vol-rs.3502crs
Fiis buyer rs.152crs & Mutual funds seller rs.135on Friday, Fiis buyer rs.4383crs in Sep month and buyer rs.21773Crs in 2006, mutual fund buyer rs.332crs in Sep month. F&O DATA Fiis sell rs.425crs in nifty future and sell rs.93crs in stock future on 25th September and provisional Fiis sell in cash rs.273crs source NSE website

Day That Ended: Markets was almost flat to turn negative with profit booking setting in towards F&O settlement, METALS & POWER is seeing heavy built up in OI, there has been a speculation of dreaded terror leader dead and news is that it is boosting sentiment of markets. International markets U.S markets positive with NASDAQ gaining 1.36% Indian ADRs major gainer in tune with global markets, EURO markets mixed ASIAN markets opened flat CRUDE $ 61.38 it saw 10months low before a bounce back.
Outlook for Tuesday: METALS & POWER sector is looking very good, TATASTEEL-NALCO-SAIL-STER-CESC-TATASPOWER-NTPC is where action can become large and CG sector EMCO-BEL-BEML also started to see good activity. In stock markets u should decide to which group u belong to day trader, speculator, gambler, value investor, swing trader & E.T.C and suitably follow as if one doesn’t understand this basic difference money can’t be made and below I have given Jesse livemore link please read.

STOCK TECK view: http://prabhakar-views.blogspot.com NATIONALUM(209) target rs.259-277 this stock moved from rs.152 to 334 in 29week and reacted till rs.185 and now 20weeks has happened so 80% of price and time has been retraced, and we would see a techincal bounce back & F&O indicators are pointing towards that and rs.215 would be a very crucial level to watch. This stock has a potential of giving above 20% return and one should have adquate stop loss so that he has a favorable risk reward ratio.
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Counter view: Jesse livermore speculator guidelines. 1) Don’t lose money.
Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line. There is no place in speculating for hoping, for guessing, for fear, for greed, for emotions. The tape tells the truth. 2) Always establish a stop.
A successful speculator must set a firm stop before making a trade and must never sustain a loss of more than 10 percent of invested capital. I have also learned that when your broker calls you and tells you he needs more money for a margin requirement on a stock that is declining, tell him to sell out the position. When you buy a stock at 50 and it goes to 45, do not buy more in order to average out your price. The stock has not done what you predicted; that is enough of an indication that your judgment was wrong. Take your losses quickly and get out. Remember, never meet a margin call, and never average losses. Many times I would close out a position before suffering a 10 percent loss. I did this simply because the stock was not acting right from the start. Often my instincts would whisper to me: “J.L., this stock has a malaise, it is a lagging dullard. It just does not feel right,” and I would sell out of my position in the blink of an eye. I absolutely believe that price movement patterns are repeated and appear over and over with slight variations. This is because humans drive the stocks, and human nature never changes. Take your losses quickly, Easy to say, but hard to do. http://in.groups.yahoo.com/group/prabhakar-views/files/daily%20update FILE NAME JESSE LIVEMORE jus download and read more.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

BSE METAL INDEX

BSEMETAL index has gaped up and 2days it was able to sustain that NALCO-TATASTEEL-SAIL-HINDALCO-STER are stock which can surprise markets and many news flow would come soon

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com MARUTI rs.920-935 wait for dips to buy as F&O expiry normally gives chances target rs.1050-1075 and even higher, on weekly charts rs.902 is the double bottom(below which one should place a stop loss) and now stock reacted near all time high with cup & handle formation. Stock can be good for positional traders.

Daily Report September 25th Monday

The secret to success in the markets lies not in discovering some incredible indicator or elaborate theory; rather, it lies within each individual.

Nifty (3544) SUPPORT-3520-3498-3475 RESISTANCE-3577-3605-3638 Nifty range 3514-3577 with last 4days of F&O settlement and sun outage markets would be very volatile and with good rollover seen we would see markets being weak in the open and recover towards close and vice versa till settlement. RELIANCE is one stock to watch out for settlement as close above rs.1145 is very good one more close above with would reach all time high. TOP 5GAINERS= GAIL-ORIENTBANK-JETAIRWAYS-GRASIM-RELIANCE TOP5LOSER=ZEETELE-SATYAMCOMP-DABUR-MTNL-BPCL. P/E=20.33 p/b=4.62 adv=20 dec=30 NSE adv: 261 dec: 652 -vol-rs.6435crs

Sensex (12236) SUPPORT-12163-12098-11997 RESISTANCE-12322-12415-12508 Sensex the gap is acting strong support and if on Monday if the gap (12128-12167) is not closed fully chances of markets having a 5days of mega rally is possible where new high also can be possible, and the rally is able to sustain above 12000 comfortably 3out 5days it was above 12000 the more it stays there higher targets would be possible soon.
8dma=12067 13dma=11958 21dma=11874 34dma=11657 55dma=11243 OPEN=12244 HIGH=12303 LOW=12170 BSE adv: 898 dec: 1607 -vol-rs.3108crs
Fiis buyer rs.288crs & Mutual funds buyer rs.194on Thursday, Fiis buyer rs.4321crs in Sep month and buyer rs.21621Crs in 2006, mutual fund buyer rs.468crs in Sep month. F&O DATA Fiis sell rs.1135crs in nifty future and sell rs.148crs in stock future on 22nd September and provisional Fiis sell in cash rs.119crs source NSE website

Day That Ended: Market maintained negative bias through out being a weekend closing and weak global markets cues but Reliance industries gave the needed recovery to markets towards the end, and there is a big shifting of F&O happening after 6months which shows a positive bias in markets. International markets U.S markets ended weak Indian ADRs also ended weak EURO markets in deep red CRUDE $ 60.55 & Petroleum Minister Murli Deora said petro products prices will be cut can be very good news.

Outlook for Monday: Markets to open weak based on weak global cues and slowdown in U.S economy, but that wouldn’t affect our markets. BSEMETAL index has gaped up and 2days it was able to sustain that NALCO-TATASTEEL-SAIL-HINDALCO-STER are stock which can surprise markets and many news flow would come soon. News of petro prices cut would benefit 2WHEELER-LOGISTICS sector AEGISLOGISTICS-GDL-TVSMOTORS would be value picks.

STOCK TECK view: http://prabhakar-views.blogspot.com MARUTI rs.920-935 wait for dips to buy as F&O expiry normally gives chances target rs.1050-1075 and even higher, on weekly charts rs.902 is the double bottom(below which one should place a stop loss) and now stock reacted near all time high with cup & handle formation. Stock can be good for positional traders.
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Counter view: Advance tax figure(37% higher corparates have paid) has come and once the F&O settlement is over markets would look at results season where CEMENT companies has outperformed and a report which says middle east demand is high 30% premuim is paid and local demand also very high and in weak season also pricing power is seen, METALS also have paid good taxes above wat markets expected and this has surprised many and now I see many reports which had given sell now coming out with buy saying cost reduction local demand to sustain. The above views would explain how competive the research of companies have become, and as I normally say today there are more analsyts than stock listed so each and every move of the stock is timed execpt for the euopria and panic times in markets and markets are too fast to adjust themselves back so never time markets it is always correct and it has proved so always. I would like to add many are worried about market correction that would come and that would go and no one can ever stop it you are here to make money and u should know to keep things simple. Curtail u r losses to minimum and profit automatically grows, know u r stock, divide u r risk & remember markets always changes sectors so have laggards which has a visible growth in longer term. Remember buy on rumour sell on news is so true as now itself many would have projected the results and the stock would start to price itself and when the news comes the charm is not there & this hold for bad & good results.


Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2006-09-23T020900Z_01_N22233854_RTRUKOC_0_US-COLUMN-STOCKS-OUTLOOK.xml&src=rss Slowdown fears cloud stocks' horizon .
http://www.rediff.com/money/2006/sep/23fab.htm
http://www.businessstandard.com/common/storypage_c.php?leftnm=11&bKeyFlag=IN&autono=5998 Petro prices may decline: Deora.

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com IPCL stock has given a breakout and should target rs.340-350 which is 10-12% from the current close this is a trading movemutum stock where u buy higher & sell higher as this stock has enetered uncharted territory so a strict stop loss at rs.298 is to be maintained.

Daily Report September 22nd Friday

Nifty (3553) SUPPORT-3528-3504-3486 RESISTANCE-3580-3605-3638 nifty staying above 3528 would target higher levels any correction in intraday short covering would push markets up & now stop loss for 3856 target is pegged at 3471. High speculative (short or long) position square up would happen due to sun outage which would keep markets very volatile. TOP 5GAINERS= ORIENTBANK-HINDLEVER-BAJAJAUTO-SUZLON-BHEL TOP5LOSER=JETAIRWAYS-HEROHONDA-RCOM-LT-ZEETELE. P/E=20.38 p/b=4.63 adv=45 dec=5 NSE adv: 557 dec: 357 -vol-rs.7132crs

Sensex (12274) SUPPORT-12218-12130-12040 RESISTANCE-12348-12456-12564 Sensex created one more gap up 12128-12167(which would be a strong support) and there was no sign of markets correcting to fill the gap instead we closed above the major pain area 12238 and important would be highest weekly close for sensex is at 12359 & today’s close if it happens above that it would boost the sentiment.
8dma=11995 13dma=11932 21dma=11841 34dma=11616 55dma=11217 OPEN=12167 HIGH=12285 LOW=12167 BSE adv: 1372 dec: 1138 -vol-rs.3453crs
Fiis buyer rs.236crs & Mutual funds seller rs.269on Wednesday, Fiis buyer rs.3942crs in Sep month and buyer rs.21332Crs in 2006, mutual fund buyer rs.276crs in Sep month. F&O DATA Fiis buy rs.962crs in nifty future and sell rs.154crs in stock future on 21ST September and provisional Fiis buy in cash rs.235crs source NSE website

Day That Ended: Markets opened strong and advanced to close near the days high, many advance tax figures where reported by media which I have listed below & these figure gave a big boost to markets already report suggest that 36% higher advance tax paid by corporate & Advance tax payment of 8 Sensex firms up 400% in Q2. All sector gave gains and FMCG gained on pricing power coming back after HLL hiked prices and ITC rumour of doing so AUTO stock moves on lower crude & metal price. International market U.S markets corrected INDIAN ADRs also corrected with sentiment of U.S market EURO MARKETS closed positive ASIAN markets has opened on a weak note CRUDE-$61.90.

Outlook for Friday: Markets would see some speculative square off due to sun outage which starts from Monday25SEP has been the worst time for traders & ends Monday9OCT (time when market changes course after break). CEMENT-METALS-AUTO advance tax payments have surprised markets, PHARMA is one sector which is attracting lots of attention. Market is at a high risk zone and investor should know the risk of wat they are doing as stock markets world over are effected by many events which is not so easily understandable sometimes accessible (for EG. THAI military rule) so protect urself always well and F&O & margin funding is very risky at this stage.
ACC-GUJAMBCEMENT-GRASIM-TATASTEEL-NALCO-HINDALCO-M&M-IPCL-BIOCON-LLYODELECENGEERING would be stock which can give 5-8% in 7-10days.

STOCK TECK view: http://prabhakar-views.blogspot.com IPCL stock has given a breakout and should target rs.340-350 which is 10-12% from the current close this is a trading movemutum stock where u buy higher & sell higher as this stock has enetered uncharted territory so a strict stop loss at rs.298 is to be maintained.

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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Advance Tax (Sept, YoY): SBI - Rs 863 crore Vs Rs 559 crore
Advance Tax (Sept, YoY): ICICI Bank - Rs 450 crore Vs Rs 250 crore
Advance Tax (Sept, YoY): RIL - Rs 446 crore Vs Rs 253 crore
Advance Tax (Sept, YoY): IOC - Rs 211 crore Vs NIL
Advance Tax (Sept, YoY): HDFC Bank - Rs 160 crore Vs Rs 120 crore
Advance Tax (Sept, YoY): Grasim - Rs 155 crore Vs Rs 80 crore
Advance Tax (Sept, YoY): BOB - Rs 150 crore Vs Rs 110 crore
Advance Tax (Sept, YoY): Bajaj Auto - Rs 125 crore Vs Rs 110 crore
Advance Tax (Sept, YoY): ACC - Rs 125 crore Vs Rs 5 crore
Advance Tax (Sept, YoY): Guj Amb - Rs 120 crore Vs Rs 20 crore
Advance Tax (Sept, YoY): BPCL - Rs 105 crore Vs NIL
Advance Tax (Sept, YoY): Siemens - Rs 45 crore Vs Rs 28.5 crore
Advance Tax (Sept, YoY): HLL - Rs 80 crore Vs Rs 60 crore
Advance Tax (Sept, YoY): M&M - Rs 99 crore Vs Rs 46 crore
Advance Tax (Sept, YoY): L&T - Rs 80 crore Vs Rs 50 crore
Advance Tax (Sept, YoY): Tata Motors - Rs 75 crore Vs Rs 55 crore
Advance Tax (Sept, YoY): Tatachem- Rs.56crore VS Rs 50 crore
Advance Tax (Sept, YoY): Hindalco-Rs 230 crore Vs Rs 135 crore
http://www.financialexpress.com/fe_full_story.php?content_id=141175 Advance tax payment of 8 Sensex firms up 400% in Q2
http://www.businessstandard.com/common/storypage_c.php?leftnm=11&bKeyFlag=IN&autono=5930 US to be hit by recesssion in '07: Spence.
http://www.financialexpress.com/latest_full_story.php?content_id=141094 L&T to earn Rs 4 bn from expansion

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com BEML buy rs.900-940 target rs.1500 the stock has been in good accumlation for a very long time and now volumes and delivery volumes are slowly picking up and any move above rs.980 would be a major breakout and a return of 67% would be very good if it happens in 12-15months also in my view it can be faster.

Daily Report September 21st Thursday

Nifty (3502) SUPPORT-3482-3455-3336 RESISTANCE-3530-3555-3584 Nifty now should trade above 3515 comfortably & intraday we shouldn’t trade below 3486 are 2major points for markets today and if both criteria are met it would be one of the higher gains today and now stop loss for 3856 has been changed from 3370 to 3436. TOP 5GAINERS=BHARTIATL-RCOM-IPCL-ORIENTBANK-TCS TOP5LOSER=HDFCBANK-ABB-SBIN-BPCL-SUNPHARMA. P/E=20.09 p/b=4.51 adv=40 dec=9 NSE adv: 449 dec: 453 -vol-rs.6571crs

Sensex (12109) SUPPORT-12024-11905-11836 RESISTANCE-12178-12285-12342 Sensex should trade above 12024 to signify the bullish trend this is for intraday and in short term too, and volatility should come down as many uncertain events are over and we trading above the major pain area 12238 would be very important.
8dma=11904 13dma=11904 21dma=11800 34dma=11577 55dma=11192 OPEN=11946 HIGH=12128 LOW=11833 BSE adv: 1266 dec: 1255 -vol-rs.3416crs
Fiis buyer rs.276crs & Mutual funds buyer rs.127on Tuesday, Fiis buyer rs.3706crs in Sep month and buyer rs.21096Crs in 2006, mutual fund buyer rs.609crs in Sep month. F&O DATA Fiis buy rs.118crs in nifty future and sell rs.18crs in stock future on 20th September and provisional Fiis buy in cash rs.128crs source NSE website

Day That Ended: Market opened weak with panic downfall to recover faster and all losses made on Tuesday was gained and closed above as more clarity has emerged about FED-THAI MILTARYCOUP-HEDGEFUND. Volumes are lower & gains were from all sector but TECH-AUTO-FMCG were major gainers and they would be strong too in coming days, International Monetary Fund (IMF) today promised to carry out further reforms that would open up the possibility of more powers in the fund for India- which are pointers that India is growing into a major super cycle economy. International markets U.S markets closed positive and Indian ADRs highest gain in recent time EURO markets positive close and ASIAN markets has opened strong CRUDE $60.90.
Outlook for Thursday: Market to maintain its upward journey and with Crude almost 25% down OIL marketing company should do very well and company which use crude byproduct also should fare well. Metals coming down would benefit ENGEERING-AUTO would raw material cost pressure would come down soon & PHARMA-TECH would be great Indian story soon. HINDSANTITARY-BEML-BHARTISHIPYARD-EMCO-BIOCON-WOCKHARD-AUROPHARMA-RANBAXY-HPCL-BPCL-TATACHEM-CESC-WIPRO-RAYMOND-GAMMON-GDL all same old stock where investor can have a look at.

STOCK TECK view: http://prabhakar-views.blogspot.com BEML buy rs.900-940 target rs.1500 the stock has been in good accumlation for a very long time and now volumes and delivery volumes are slowly picking up and any move above rs.980 would be a major breakout and a return of 67% would be very good if it happens in 12-15months also in my view it can be faster.

http://in.groups.yahoo.com/group/prabhakar-views/join

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://economictimes.indiatimes.com/articleshow/2011774.cms Thai coup pushes India, Inc. for risk cover.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=5834
http://economictimes.indiatimes.com/articleshow/2011939.cms Tatas plan mega foray into durables retail biz.
http://www.businessstandard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=5817 Gabriel to demerge engine bearings unit

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com SATYAMCOMP(837) nearing its double top rs.890 which is 52week high this stock all time high is rs.1400above and with markets correcting also this one stock has been stable and in overnight U.S markets also the stock has gained all inspite of rumour denied by the company about any possible takeover, Watch out for a breakout soon.

Daily Report September 20th Wednesday

Nifty (3457) SUPPORT-3439-3411-3388 RESISTANCE-3490-3515-3541 Nifty 3431 holds the key for Wednesday & till we don’t break 3370 on the downside these correction are healthy and gives chance to buy in short term. If markets trade around 3430 for first one hour of trade the up move would be big. TOP 5GAINERS=SATYAMCOMP-RCOM-TCS-ABB-ICICIBANK TOP5LOSER=ZEETELE-IPCL-VSNL-JETAIRWAYS-TATAMOTORS. P/E=19.83 p/b=4.51 adv=5 dec=45 NSE adv: 259 dec: 660 -vol-rs.7518crs

Sensex (11970) SUPPORT-11902-11836-11705 RESISTANCE-12084-12140-12238 Sensex today correction made all investor nervous and FED rate meeting on SEP20 and we here would know only on SEP21 made nervous operators to unwind there speculative position.
8dma=11881 13dma=11879 21dma=11771 34dma=11540 55dma=11166 OPEN=12103 HIGH=12152 LOW=11915 BSE adv: 944 dec: 1589 -vol-rs.3704crs
Fiis buyer rs.495crs & Mutual funds seller rs.2on Monday, Fiis buyer rs.3430crs in Sep month and buyer rs.20819Crs in 2006, mutual fund buyer rs.482crs in Sep month. F&O DATA Fiis buy rs.149crs in nifty future and sell rs.113crs in stock future on 19th September and provisional Fiis buy in cash rs.174crs source NSE website

Day That Ended: Markets opened on a strong note and selling near last 45mins send the markets down 2.5% from the high and the fall has been with low volumes and data suggests that lack of follow up buying at higher levels and unwinding of speculative positive before FED meet on SEP20. Rumour doing rounds 1) hedge fund Amaranth Advisors lost $5 billion last week on natural gas trades 2)state of emergency was declared in Thailand and rumors of a military coup followed. Crude $61.60 almost near (58.95)52week low International market U.S markets closed weak jus a day before FED meet EURO markets in deep losses ASIAN markets Indian ADRs were weak after THAI coup as all ASIAN ADRs were facing selling pressure and Dollars is getting stronger against major ASIAN currencies.
Outlook for Wednesday: Volatile day ahead with both short (and) long traders would like avoid overnight position as last FED meet after day 100points rise in nifty was seen and short didn’t get chance to square there position. If u r trader avoid markets as THAI effect on our markets is unknown & markets never like uncertainty THAI-FED-HEDGEFUND. Investors shouldn’t worry about markets correction as these give opportunity to buy good stocks as reasonable levels BIOCON-BEML-RANBAXY-RAYMOND-WOCKHARD-EMCO-HINDSANITARY-GAMMON-TATACHEM-BATAINDIA-CESC-GACEMENT-HPCL-WIPRO-TCS.

STOCK TECK view: http://prabhakar-views.blogspot.com SATYAMCOMP(837) nearing its double top rs.890 which is 52week high this stock all time high is rs.1400above and with markets correcting also this one stock has been stable and in overnight U.S markets also the stock has gained all inspite of rumour denied by the company about any possible takeover, Watch out for a breakout soon.

Counter view: News of hedge funds losing almost 50% in commodity trading has sent a shock wave into that industry which hasn’t been regulated in any markets. We have seen high Crude, Gold & other commodity prices due to excess speculation from these funds jus few days back I had mentioned about gold falling something in graph says the fall will be big and it can happen if these hedge funds reduce there risky assets. Now it has time and again proved that speculation has never been successful & losers are never talked about, 99% lose 1% gain it is jus like a lottery. Buffett's way of thinking, you shouldn't dream of owning a stock for 10 minutes that you're not prepared to hold for 10 years. Day-to-day movements in the stock price are irrelevant; so are ups and downs in a company's quarterly earnings. "An investor should act as though he had a lifetime decision card with just 20 punches on it," Buffett says. That means buying a few good companies and sticking with them for the long haul.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://www.cbsnews.com/stories/2006/09/19/ap/business/mainD8K81GMG0.shtml Stocks Off on Rumors of Coup in Thailand.
http://www.kfoxtv.com/news/9884808/detail.html Military Coup Reported In Thailand
http://www.bloomberg.com/apps/news?pid=20601083&sid=axAUZ5Up1lrM&refer=currency Australian Dollar Falls on Thai Coup and Weak Commodity Prices
http://economictimes.indiatimes.com/articleshow/2006794.cms Goldman Sachs to invest $1bn in India.
http://economictimes.indiatimes.com/articleshow/2007983.cms Wockhardt to sell Dumex's dairy unit.

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com CESC buy rs.290-300 target rs.370-400 stop loss rs.280 below and the stock looks very attractive in many ways short term-medium term & long term and with huge speculative position built trend traders also will see a major upmove.

Daily Report September 19th Tuesday

Nifty (3492) SUPPORT-3474-3450-3434 RESISTANCE-3528-3555-3583 Nifty range 3480-3535 now if markets stays above 3500 we would soon target higher levels and 3856 which was given as target for Oct end also would be possible and for that target-(3856) stop loss is pegged at 3370.TOP 5GAINERS=SUZLON-HDFC-RCOM-HINDLEVER-ITC TOP5LOSER=TATAPOWER-TATASTEEL-NATIONALUM-TATAMOTORS-ONGC. P/E=20.03 p/b=4.55 adv=34 dec=18 NSE adv: 508 dec: 410 -vol-rs.6090crs

Sensex (12071) SUPPORT-12003-11945-11836 RESISTANCE-12159-12238-12348 Sensex today traded above 12000 mark and didn’t come down and it has done this 10th time in its life time which is so important, markets is moving up in a measured way slowly there are jus 2pain area 12238 & 12671 and after which whole markets would become bullish.
8dma=11866 13dma=11858 21dma=11749 34dma=11505 55dma=11143 OPEN=12006 HIGH=12114 LOW=12006 BSE adv: 1286 dec: 1199 -vol-rs.2893crs
Fiis buyer rs.459crs & Mutual funds seller rs.98on Friday, Fiis buyer rs.2935crs in Sep month and buyer rs.20324Crs in 2006, mutual fund buyer rs.401crs in Sep month. F&O DATA Fiis buy rs.149crs in nifty future and sell rs.113crs in stock future on 18th September and provisional Fiis buy in cash rs.373crs source NSE website

Day That Ended: Market opened positive and remained firm throughout the day and closed positive volumes where low while advances healthy than decline, 4new stock added in F&O is seeing good activity for past few days. FMCG-CG-PHARMA sectors where in action while metals were weak many small cap & mid cap stocks where in action and that is where many good growth stocks are there but one must be very selective. International markets U.S markets closed flat Indian ADRs mixed EURO markets closed positive and ASIAN markets have opened very strong Crude $ 63.92.

Outlook for Tuesday: Bullish view few stocks are near breakout or given breakout which would be big gainers if that happens CESC added 500% OI, RANBAXY rs.422 above breakout, CUMMINS rs.225 above, WOCKHARD rs.408 above. GAIL is moving in a channel where 250-290 would be the range so one can buy in dips and 10% gain possible in short time. BAJAJHIND can target rs.365 now rs.330, BAJAJ auto breakout above rs.2835 these are all indicative as markets has changed too much that each day it is not the same stock or sector which move up so a traders should know levels. LONG TERM investor can add CESC-TATACHEM-BEML-BIOCON-RANBAXY-BATAINDIA-RAYMOND-HINDOILEXPO in very slow and steady way.
http://in.groups.yahoo.com/group/prabhakar-views/join many files uploaded would be very useful please download and read.

STOCK TECK view: http://prabhakar-views.blogspot.com CESC buy rs.290-300 target rs.370-400 stop loss rs.280 below and the stock looks very attractive in many ways short term-medium term & long term and with huge speculative position built trend traders also will see a major upmove.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

STOCK TECH view

STOCK TECH view: GACEMENT buy rs.114-116 stop loss rs.108 target rs.130 & rs.145 this cement stock has been underperformer compared with the sector and being one of the best. Of late the stock is showing good strength to reach its high and even cross it so investment and positional trade can be done with reasonable stop loss.

Daily Report September 18th Monday

“The only problem with market timing is getting the timing right.” – Peter Lynch
Nifty (3478) SUPPORT-3451-3431-3410 RESISTANCE-3510-3535-3560 Nifty range 3451-3535 if markets stay above 3471 for a long time we would see 3500 levels breaking with ease. 3451-3431 is a strong support for markets and till those 2levels are not broken with volumes it would be wise to have a very bullish view for the coming week. TOP 5GAINERS=LT-GRASIM-SATYAMCOMP-HINDLEVER-BHARTHIARTL TOP5LOSER=SAIL-RCOM-GAIL-MTNL-DABUR. P/E=19.95 p/b=4.53 adv=25 dec=25 NSE adv: 350 dec: 565 -vol-rs.6873crs

Sensex (12009) SUPPORT-11930-11836-11720 RESISTANCE-12080-12167-12258 Sensex has given a breakout and 11836 would be a strong support till that level is maintained on closing basis markets would maintain its bullish momentum. Markets would move slowly up as pain area makes many bulls to take profit, 12671 is the previous high and will that be crossed is what everyone is having in mind. BANKS HAS SEEN UNWINDING OF SPECULATIVE position in F&O so that one sector one should be careful mainly in medium size banks.
8dma=11849 13dma=11831 21dma=11720 34dma=11466 55dma=11116 OPEN=11977 HIGH=12041 LOW=11847 BSE adv: 1062 dec: 1425 -vol-rs.3456crs
Fiis buyer rs.491crs and Mutual funds seller rs.2crs on Thursday, Fiis buyer rs.2476crs in Sep month and buyer rs.19865Crs in 2006, mutual fund buyer rs.500crs in Sep month. F&O DATA Fiis sell rs.251crs in nifty future and sell rs.153crs in stock future on 15th September and provisional Fiis buy in cash rs.277crs source NSE website

Day That Ended: Markets opened weak to recover strongly being a weekend & 11sep black Monday was in everyone mind, all Monday are black made people to go light on weekend, BANKS witnessed some profit booking and unwinding while OILREFINING stock saw huge built up in open int in F&O segment and CNXIT +84% OI. RBI panel report on 27services for individual account holders is very important which would benefit costumer in a big way and BANKS would face some pressure on short term long term would be healthy. International markets U.S closed stronger while Indian ADRs were mixed EURO markets ended positive Crude $ 63.33.
Outlook for Monday: CEMENT-OILREFINERS-PHARMA-CG would be bullish while banks should see mixed reaction. Stocks like CHENNAIPETRO-BPCL-HPCL-IOC-COCHINREF-TATACHEM-NDTV-GACEM-GAIL have seen some speculative OI built which would see high activity. Investment buy would be BEML-RAYMOND-TATACHEM-CESC-GACEM-EMCO to name a few. SENSEX has given a breakout while NIFTY hasn’t but for a long term investor statement that GDP annual growth to be 9% till 2011- Montek, would make a big difference.

STOCK TECH view: GACEMENT buy rs.114-116 stop loss rs.108 target rs.130 & rs.145 this cement stock has been underperformer compared with the sector and being one of the best. Of late the stock is showing good strength to reach its high and even cross it so investment and positional trade can be done with reasonable stop loss.

Counter view: http://prabhakar-views.blogspot.com/2006/09/gold-ploping.html GOLD CAN CRASH WRITTEN TWO DAYS BACK ON NEWSLETTER MANY WANTED TO KNOW THE LEVELS DOWNSIDE I AM NOT A EXPERT SO PLEASE HAVE THIS IN MIND AND NEVER TRADE ON MY ADVISE $460-420 IS THE LEVEL I SEE IN THAT IN 2-3MONTHS TIME AND NOW IT IS 580$. And important is that many wanted to know where they can buy after I had written this shows the craze for gold in India something in graph suggest me the crash to come which can be more than crude crash which was predicted earlier.



http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders or investor. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://business-standard.com/common/storypage_c.php?leftnm=10&bKeyFlag=IN&autono=5669 GDP annual growth to be 9% till 2011: Montek.
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=104791 tatasteel

GOLD PLOPING

GOLD CAN CRASH WRITTEN TWO DAYS BACK ON NEWSLETTER MANY WANTED TO KNOW THE LEVELS DOWNSIDE I AM NOT A EXPERT SO PLEASE HAVE THIS IN MIND AND NEVER TRADE ON MY ADVISE $460-420 IS THE LEVEL I SEE IN THAT IN 2-3MONTHS TIME AND NOW IT IS 580$. And important is that many wanted to know where they can buy after I had written this shows the craze for gold in India something in graph suggest me the crash to come which can be more than crude crash which was predicted earlier.

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com GRASIM the stock is moving in a rising channel for a very long time and buy was given at lower levels now at rs.2391 also the stock has a good upside 10-15% and can cross its high 2605(BSE) so one can slowly add this stock for a decent gains.

INVESTING ART

Markets have recovered from the low of 8799 to 12003=3204points which is 36% rise within 3months which is very healthy and these kind of returns can happen when equity markets as a investment avenue is jus starting after few years when Indian markets become matured markets u will never get such big returns, so only many FIIs talk about India and we here trade more than investing and now CLSA says 40000 as sensex target & many say many things. Important is how many of u developed the habit of investing and nothing can be made simpler, u can buy one share in 5-10companies out of there earning in TOP 100-200 companies every month would do them world of good. Today I made request many to buy TATACHEM jus one share which would cost then rs.220 and forget for 2years some where something should be started and jus buy top 200 stocks in there bad times and over a period of time it would make world of difference, investing is a art and u would love it as u practice.

Daily Report September 15th Friday

Nifty (3471) SUPPORT-3449-3426-3398 RESISTANCE-3498-3535-3564 Nifty range 3458-3535 and NIFTY FUT above 3492 shorts would rush to cover; any correction till 3426 on a closing basis also is within bull orbit in case markets breaking above 3500 fresh buying would emerge and month end target is 3650 in my view, already given target of 3800 by oct end is also maintained till 3328 on downside is maintained. TOP 5GAINERS=ICICIBANK-GRASIM-SAIL-ZEETELE-ORIENTBANK TOP5LOSER=HEROHONDA-GLAXO-HDFC-REL-HDFCBANK. P/E=19.91 p/b=4.53 adv=31 dec=18 NSE adv: 447 dec: 473 -vol-rs.8424crs

Sensex (11973) SUPPORT-11898-11800-11718 RESISTANCE-12054-12154-12238 Sensex has touched 12000 mark, but the street is not bullish as this is pain area and this time there is fear than fanfare. Now we staying above 12000 comfortably for a long time only would reduce fear and we should be trading in & out of this level before we move above this.
8dma=11836 13dma=11808 21dma=11695 34dma=11426 55dma=11082 OPEN=11936 HIGH=12003 LOW=11892 BSE adv: 1137 dec: 1367 -vol-rs.4047crs
Fiis buyer rs.519crs & Mutual funds not updated on Wednesday, Fiis buyer rs.1984crs in Sep month and buyer rs.19374Crs in 2006, mutual fund buyer rs.121crs in Sep month. F&O DATA Fiis buy rs.87crs in nifty future and sell rs.162crs in stock future on 14th September and provisional Fiis buy in cash rs.288crs source NSE website

Day That Ended: Markets maintained its positive trend and with BANKS & METALS sector gained while CD was one sector which moved down, SATYAMCOMP block deal gave many buzz which was denied and we would witness many more M&A activity which is where investor wealth and value is created. India GDP to grow at 8.3% in 2006 IMF which had predicted growth of 7.9% in 2006 and 7.6% next year in its last report in April & now CRUDE in Indian basket is 59$ which was 72-73 jus few weeks back which would ease big pressure on inflation BOP-balance of payment & rate hike. International markets U.S markets closed weak EURO market flat with mixed closing ASIAN market has opened weak Crude $63.30.
Outlook for Friday: Weekend & FED rate on Sep20 is making markets more on sideline the 8day correction which was given on Monday11sep exactly ends on Sep20 so is the FED likely to cut rates? This is one thing which I have in mind. Markets rises on fear and falls on greed and investor are still on the pain which they faced jus few months back but slow systematic investment always give a superior gains. Few stocks have witnessed high delivery and good volumes in both BSE & NSE like LLYODELETRIC-BHARTISHIPYARD-SKUMARNATIONWIDE-RICOAUTO jus to name a few.

STOCK TECK view: http://prabhakar-views.blogspot.com GRASIM the stock is moving in a rising channel for a very long time and buy was given at lower levels now at rs.2391 also the stock has a good upside 10-15% and can cross its high 2605(BSE) so one can slowly add this stock for a decent gains.

Counter view: Markets have recovered from the low of 8799 to 12003=3204points which is 36% rise within 3months which is very healthy and these kind of returns can happen when equity markets as a investment avenue is jus starting after few years when Indian markets become matured markets u will never get such big returns, so only many FIIs talk about India and we here trade more than investing and now CLSA says 40000 as sensex target & many say many things. Important is how many of u developed the habit of investing and nothing can be made simpler, u can buy one share in 5-10companies out of there earning in TOP 100-200 companies every month would do them world of good. Today I made request many to buy TATACHEM jus one share which would cost then rs.220 and forget for 2years some where something should be started and jus buy top 200 stocks in there bad times and over a period of time it would make world of difference, investing is a art and u would love it as u practice.


http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.
http://economictimes.indiatimes.com/articleshow/1992698.cms skumar
http://www.financialexpress.com/latest_full_story.php?content_id=140370 India, China to lead robust Asian growth.

STOCK TECH view

STOCK TECK view: http://prabhakar-views.blogspot.com MICROINK: buy rs.300-302 target rs.325-330 stop loss rs.295 4-5days trade. RANBAXY: Stock is at very crucial levels rs.406as stop loss one can buy the stock around rs.410-412 it would face stiff resistance at rs.420-422 once that level is crossed it would be a major breakout and would target rs.460-470 levels. TATACHEM long term investor can buy slowly 12-18 month target can be double from here 10year charts on monthly scale is showing cup & handle as well as Inverse head & shoulder formation.

Daily Report September 14th Thursday

Nifty (3454) SUPPORT-3435-3416-3388 RESISTANCE-3478-3529-3564 Nifty range 3435-3478 and above 3478 if the markets trades for a long time it would reach 3535 with a great speed as that would be a triangle breakout. Nifty has formed a inverse head and shoulder in 1hour graph and if markets crosses 3490 it would target 3600 above soon and this formation get negated below 3430. . (Markets trading above 3478 would bring in fresh buying more short covering 3490-3500 would be broken with ease).TOP 5GAINERS=JETAIRWAYS-ORIENTBANK-BHARTIATL-ICICIBANK-TATAPOWER
TOP5LOSER= -HINDALCO-HCLTECH-GAIL. P/E=19.81 p/b=4.50 adv=47 dec=3 NSE adv: 752 dec: 166 -vol-rs.7473crs

Sensex (11893) SUPPORT-11803-11726-11654 RESISTANCE-12008-12117-12254 Sensex gap up and this is a fresh gap created after 2gaps has been closed and this can lead a rally up till previous high also so one can use the gap as stop loss and go long till previous all time high. Till markets stays above 11800 sensex would be very bullish and 12000 above can be tested.
8dma=11828 13dma=11781 21dma=11670 34dma=11390 55dma=11049 OPEN=11723 HIGH=11938 LOW=11723 BSE adv: 1702 dec: 812 -vol-rs.3969crs
Fiis seller rs.120crs & Mutual funds buyer rs.112 on Tuesday, Fiis buyer rs.1465crs in Sep month and buyer rs.18854Crs in 2006, mutual fund buyer rs.121crs in Sep month. F&O DATA Fiis buy rs.716crs in nifty future and sell rs.75crs in stock future on 13th September and provisional Fiis buy in cash rs.265crs source NSE website

Day That Ended: Markets opened very bullish and maintained that movementum till fag end profit booking and with BANKS-TECH-AUTO-PSU gaining and METALS is the only loser and GOLD graph also suggest it can come down like crude or even more. PM visit and agreement between INDIA-BRAZIL-SOUTHAFRICA (IBSA) would boost trade between these countries and few PSU seem to be the first beneficiary BEML-ONGC. International markets U.S closed with gains & Indian ADRs closed very positive EURO markets closed with gains ASIAN market opened very positive & crude 64.42 Dollars.

Outlook for Thursday: Breakout above Wednesday high if markets can trade for first 1hour, this rally would be broader now and METALS would be one sector which can miss out and we don’t have a pure crude company and ONGC profit doesn’t get effected till crude goes below 45$ as subsidiary sharing mechanism is kept in such a way as per reports. Infosys Technologies is set to enter the Nasdaq-100 when the index comes up for review in December (BS) and this is real boost for the stock. RAYMOND-EMCO-TATACHEM would be stocks where one can accumulate in dips.

STOCK TECK view: http://prabhakar-views.blogspot.com MICROINK: buy rs.300-302 target rs.325-330 stop loss rs.295 4-5days trade. RANBAXY: Stock is at very crucial levels rs.406as stop loss one can buy the stock around rs.410-412 it would face stiff resistance at rs.420-422 once that level is crossed it would be a major breakout and would target rs.460-470 levels. TATACHEM long term investor can buy slowly 12-18 month target can be double from here 10year charts on monthly scale is showing cup & handle as well as Inverse head & shoulder formation.

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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://economictimes.indiatimes.com/articleshow/1988237.cms Dr Reddy's eyes firms in Italy, Spain on expansion.
http://www.financialexpress.com/fe_full_story.php?content_id=140327 Gold may cross $700 by year-end

STOCK TECH view

STOCK TECK view: TATACHEM: Stock is moving in larger channel 205-210 would be good place to buy the stock and target can be 245 in 1-2month time best way to own a stock is buy in bad times a good company.

Daily Report September 13th Wednesday

Excellence is in the details. Give attention to the details and excellence will come.
Nifty (3389) SUPPORT-3357-3329-3304 RESISTANCE-3415-3439-3475 Range for nifty 3357-3415, now markets had given a correction which was deep now to assume the correction is over nifty should stay above 3400 and it shouldn’t cut 3357 on the downside in normal trade, above 3430-3439 bulls would be safe till then avoid big leveraged position. http://prabhakar-views.blogspot.com/2006/09/nifty.html TOP 5GAINERS=ZEETELE-ORIENTBANK-HEROHONDA-PNB-RCOM TOP5LOSER=HINDPETRO-ONGC-BPCL-HINDALCO-ABB. P/E=19.42 p/b=4.44 adv=36 dec=14 NSE adv: 465 dec: 456 -vol-rs.7260crs

Sensex (11660) SUPPORT-11605-11520-11395 RESISTANCE-11758-11872-12020 Sensex can have a gap up open and we can have solid 150-250 gains today if markets don’t break 11605 and today sensex close would be more important as per Japanese candlestick a big white candle would mark a continuation of bull run.
8dma=11814 13dma=11756 21dma=11642 34dma=11353 55dma=11017 OPEN=11564 HIGH=11671 LOW=11444 BSE adv: 1225 dec: 1235 -vol-rs.3341crs
Fiis buyer rs.94crs on Monday, Fiis buyer rs.1585crs in Sep month and buyer rs.18975Crs in 2006, mutual fund buyer rs.88crs in Sep month. F&O DATA Fiis sell rs.86crs in nifty future and sell rs.84crs in stock future on 12th September and provisional Fiis sell in cash rs.384crs source NSE website

Day That Ended: High volatile trade and a positive close to markets which can be termed as mild pullback to the ongoing correction, BANKS-TECH where the sector which gave the market push along with RELIANCE, CG was one sector which closed mild negative. India's industrial production grew 12.4% in July at the fastest pace in a decade and this news gave the reversal trigger for markets in my view, Consumer goods output in July was up 17.9% vs. 15.4% , Manufacturing production, which represents more than 75% of industrial output, rose 13.3% in July from a year earlier compared with 10.5% in June. International markets U.S market gained smartly with NASDAQ gaining 1.96% Indian ADRs gains also big EURO markets also gains were big ASIAN markets has opened very strong.

Outlook for Wednesday: Market to open very strong TECH stock would see good gains and that would push markets up. Many times I have seen FIIs getting it wrong and with too much of there short position F&O will they run for cover, 4-5months back like this happened. Investor should be focused and never worry about noises in the market place buy growth stocks and hold RAYMOND-WOCKHARD-PUNJTRACTOR-HINDSANTIWARE-WIPRO-TCS-BHARTIARTL-AUROPHARMA-BIOCON-GAMMON-EMCO-BEML-GDL-IPCL-EIDPARRY-BHARTISHIPYARD investor should know stock has good day and bad days so if u can buy in panic and sell in greed or bounce back u would make good money important point is identify good solid growth stock.

STOCK TECK view: TATACHEM: Stock is moving in larger channel 205-210 would be good place to buy the stock and target can be 245 in 1-2month time best way to own a stock is buy in bad times a good company.

http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

NIFTY

3300-3475 would be the tight range for NIFTY and would be trading here any breakout either side would decide the trend so be careful with levraged position.

Daily Report September 12th Tuesday

Nifty (3366) SUPPORT-3345-3314-3284 RESISTANCE-3390-3418-3458 Nifty breaking 3310 would hit margin funding account and that can lead to panic 3260 till, if there is no excess leveraged position markets would be safe and can close positive also. Any rise till 3420 is corrective only and we need to spend some time at 3310-3380 levels before markets move up. TOP 5GAINERS=HEROHONDA-JETAIRWAYS TOP5LOSER=VSNL-SUZLON-REL-NATIONALUM-TATAMOTOR. P/E=19.29 p/b=4.41 adv=48 dec=2 NSE adv: 98 dec: 836 -vol-rs.7187crs

Sensex (11550) SUPPORT-11498-11385-11275 RESISTANCE-11662-11758-11890 Sensex corrected and the correction was deep and it closed the 2gaps and now we can have a bounce back till 11700 levels first before any action in markets and the markets correction would eliminate many weak bulls and only serious players would be there. The corrective levels given were 11400-11600 almost we are near that now.
8dma=11819 13dma=11746 21dma=11620 34dma=11316 55dma=10988 OPEN=11959 HIGH=11971 LOW=11505 BSE adv: 551 dec: 1971 -vol-rs.3316crs
Fiis seller rs.48crs and Mutual funds buyer rs.192on Friday, Fiis buyer rs.1491crs in Sep month and buyer rs.18880Crs in 2006, mutual fund buyer rs.88crs in Sep month. F&O DATA Fiis sell rs.585crs in nifty future and sell rs.115crs in stock future on 11th September and provisional Fiis buy in cash rs.19crs source NSE website

Day That Ended: The market opened on a weak note and continued to move downwards to end almost at days low and the correction was more than 3% METALS had a 5% fall supported by all sectors, with high volumes & decline ratio in top 500 stock worst at 10:1. international markets U.S markets closed positive with minor gains Indian ADRs except for SATYAM all in negative with trend here EURO weak ASIAN markets slight positive Crude $65.72.

Outlook for Tuesday: PHARMA-TECH-TEXTILES (COTTONYARN-BRANDED GARMENTS)-OILMARKETING-PAPER-AUTOCOMPONENT& COMPANIES using crude & by product from crude as raw material would be good sector pick in the ongoing correction. Markets always cleans the excess and many debate would go for the reasons for the correction my simple reason excess F&O & margin funding had been built by weak bulls and markets normally gives a shakeout and one more day of correction would wipe them out & and this happens regular basis but people tend to do the same mistake again & again.

TOP PICKS: GAMMON-(350-365)-AUROPHARMA-(600-615)-BEML(880-910)-BHARTIATRL-(390-400)-WOCKHARDPHARMA-(370-380)-TVSMOT-(100-107) these are indicative prices where one can add these stock but all divide risk 25-30 good fundamentals stock & avoid credit purchase (margin funding & F&O).

http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

Daily Report September 11th Monday

“Liquidity is a coward; it runs away at the first sign of a trouble”.
Nifty (3471) SUPPORT-3456-3432-3402 RESISTANCE-3490-3518-3552 Nifty range 3435-3490 and most interesting fact is for the past 5trading day’s nifty has been within this 55point range so anyone would have a doubt if this is consolidation or distribution. Above 3471 if markets trades for a long time it is very bullish and can target higher level and it can break 3500 levels. But any correction till 3340-3310 would be very healthy in my view but there is no sign of this happening till a close below 3435. TOP 5GAINERS=RCOM-ORIENTBANK-HEROHONDA-BHEL-MARUTI TOP5LOSER=JETAIRWAYS-SAIL-ZEETELE-HDFC-INFOSYSTCH. P/E=19.89 p/b=4.55 adv=33 dec=17 NSE adv: 592 dec: 325 -vol-rs.7273crs

Sensex (11918) SUPPORT-11812-11740-11625 RESISTANCE-11994-12068-12180 Sensex has taken almost 34days to travel from 9875-11984=2109 so in my view correction is due and in the next 1-2days & which can last for 8 or 13days (11400-11600) this can be one part of the view and it is not compulsory this should happen.
8dma=11840 13dma=11735 21dma=11601 34dma=11277 55dma=10967 OPEN=11859 HIGH=11940 LOW=11825 BSE adv: 1563 dec: 980 -vol-rs.3459crs
Fiis seller rs.16crs and Mutual funds seller rs.119 on Thursday, Fiis buyer rs.1540crs in Sep month and buyer rs.18929Crs in 2006, mutual fund seller rs.104crs in Sep month. F&O DATA Fiis sell rs.440crs in nifty future and sell rs.336crs in stock future on 8TH September and provisional Fiis sell in cash rs.219crs source NSE website

Day That Ended: Market opened strong on back of Bank of Japan put on hold any interest rate hike and AUTO-PHARMA-CD sector moving up while TECH stock moving down on strong rupee but all these companies would have hedged themselves against any currency fluctuation. Fiis selling in cash & Futures markets, F&O they have sold very heavily is this hedge against FED rate hike or distribution is wat we have to see. International markets U.S markets moved up to close positive EURO markets positive close Indian ADRs closed positive Crude $66.20 and is getting weaker day by day.
Outlook for Monday: Based on global cues markets should open positive and with crude jus moving down & soothing comments from a Federal Reserve official regarding inflation and interest rates should give the much needed breakout from the trading range markets has been in for sometime now failing which only the much needed correction would come.
TEXTILES would be the buzz word soon COTTON YARN-BRANDEDGARMENTS would be the best RAYMOND-SURYALAMXICOT-KKCL-ALOKTEX-MALWACOT-RAJSTANSPINNER-SKUMARS-SOMATEX is few to name. EIDPARRY-HINDSANITARYWARE-MICROINKS-TINPLATE-BEML-BIOCON-BHARTISHIPYARD are good stocks to accumulate in dips TECH stocks would be accumulate in correction which is one sector which can surprise markets and oil & gas sector can be out performer.

http://prabhakar-views.blogspot.com/2006/09/bull-market-ghostspenny-stocks.html would advise everyone to read this.

Counter view: OIL R&M companies BPCL-HPCL-IOC jus a view, Crude has droped to 5Month low which is a very good for these companies and Rupee getting stronger against dollar is also adding a benefit to these companies. There are a few reports suggesting subsidy could decline steeply in next 24 months, kerosene subsidy, which have gone unnoticed. Subsidy on kerosene is likely to be reduced by 40% in 18 months. This, together with a 40% cut in LPG subsidy, elimination of subsidy on auto fuels and change in subsidy sharing mechanism, could steeply reduce R&M (but this I have been hearing for a long time now and if this happens it would entirely change the valuation of these stocks).

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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://money.cnn.com/2006/09/08/markets/markets_0530/index.htm?postversion=2006090817
http://www.ml.com/media/67216.pdf World Wealth Report (WWR) 2006

Bull market ghosts(Penny stocks)

Whenever a bull market starts there would be many new investor coming into the markets and they prefer low price stock as the general feeling is rs.10 stocks can double faster than high priced one and with tracking this market from 1989-1990 it has been jus 10-15% hit ratio which suggest that it is very risky and for a investment and many such stock I have never seen a research report from any broker house for past 2-3years which suggest that something fishy, and few years before when penny stocks where cracked by SEBI many news channel came with companies which jus had room and telephone and no business activity and investor cant be verifying each and every company personally so only I mentioned research report as any reputed research firm can give (buy or sell) but if they do it on a company which doesn’t exist it would ruin there reputation. i would end with a story on penny stock as with market gaining movementum many vested interest have started to promote stocks which they are struck --- a person buys a penny stock knowing that it is a foolish decision but in feeling he would find a better fool and when he finds a better one he offloads and this cycle goes on till the biggest fool is struck with this stock i am not saying any stock is a good or bad but investor should know the validity of the stock as i see many mails on this stock in many groups.


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STOCK TECH view

STOCK TECH view: http://prabhakar-views.blogspot.com RAYMOND: buy rs.440-455 1st target rs.525 2nd target rs.580 stock is a breakout above rs.450 and holds good potential for big upside and 200dma is placed at rs.438 so the stock staying above that would boost sentiment and stop loss should be placed below 430 on a closing basis.

Daily Report September 8th Friday

Nifty (3454) SUPPORT-3432-3411-3384 RESISTANCE-3480-3510-3532 Nifty range 3432-3474 and down side support come at 3410 &3384-3377 levels and being last day of the week a panic would be good chance to add good stocks where value would come and markets correction always eliminates excess and gives strength to markets and target of 3800 by end OCT is my view. TOP 5GAINERS=JETAIRWAYS-HDFC-SAIL-MARUTI-ZEETELE TOP5LOSER=CIPLA-BPCL-HINDPETRO-SATYAMCOMP-BAJAJAUTO. P/E=19.79 p/b=4.53 adv=14 dec=35 NSE adv: 383 dec: 541 -vol-rs.6290crs

Sensex (11853) SUPPORT-11782-11694-11616 RESISTANCE-11948-12014-12108 Sensex has started it correction downside seem to be very limited in my view, we have two gap which are not filled and whenever gap gets filled we can have a pullback so 11795 & 11633 are the gap levels which we have to watch if that is getting squared in case we don’t close the gap markets can surprise on the higher side.
8dma=11814 13dma=11703 21dma=11564 34dma=11223 55dma=10940 OPEN=11893 HIGH=11921 LOW=11815 BSE adv: 1246 dec: 1294 -vol-rs.3312crs
Fiis buyer rs.451crs and Mutual funds buyer rs.128 on Wednesday, Fiis buyer rs.1556crs in Sep month and buyer rs.18945Crs in 2006, mutual fund buyer rs.15crs in Sep month. F&O DATA Fiis sell rs.849crs in nifty future and sell rs.330crs in stock future on 7TH September and provisional Fiis sell in cash rs.89crs source NSE website

Day That Ended: Market opened on a weak note and drifted down on back of weak global market cues and fear of global slowdown in many parts of the world effected sentiment and it has given much needed correction to Indian index even after crude falling to 5months low DATED BRENT $65.37 while NYMEX FUT $67.17. Indian markets saw many fresh announcement many AUTO major announcing expansion and fresh investment and ACC looking to expand in east, . International markets U.S markets closed weak EURO markets closed weak ASIAN markets opened weak and drifting down Indian ADRs comparatively stable.
Outlook for Friday: Market can open weak based on global cues but selective buying would limit the fall be stocks specific accumulate stocks which has growth potential, being Friday traders wouldn’t like to carry open position so few stocks would have panic sale without reason where holding those for jus 10-15% days would give good returns. HLL move to sign agreement with Cap Gemini would boost the stock, METAL price sudden hike can boost that sector, INFOSYS management statement that they would meet guidance should boost that stock, AUTO & AUTO ANCILLARY are seeing good buying. M&M-PUNJABTRACTOR-HINDSANTIWARE-AUROPHARMA-RAYMOND would be few good picks.

STOCK TECH view: http://prabhakar-views.blogspot.com RAYMOND: buy rs.440-455 1st target rs.525 2nd target rs.580 stock is a breakout above rs.450 and holds good potential for big upside and 200dma is placed at rs.438 so the stock staying above that would boost sentiment and stop loss should be placed below 430 on a closing basis.

NEWS:
Hindustan Lever (HLL) has signed an agreement with Cap Gemini S.A, the parent company of the Capgemini Group, to take a 51% stake in Unilever India Shared Services known as Indigo, Indigo is currently a fully-owned subsidiary of the company providing BPO services to a number of Unilever companies, including the company, around the world-(BS
Oil and Natural Gas Corp (ONGC) today approved an investment of Rs 2,300 crore for re-development of its ageing Heera and South Heera fields at Mumbai offshore in the Arabian Sea. (BS)
Suzuki and Maruti today scaled up their investment plans for the country by Rs 3,000 crore, taking the total investment to Rs 9,000 crore, and announced they would start contract manufacturing for Nissan from 2008-09. (BS)
ACC is planning to invest more than Rs 1,100 crore in eastern region over a period of four years to ramp up cement capacity and to set up new ready mix concrete plants.(BS)
The Union Cabinet on Thursday approved a $720 million realty fund by Housing Development Finance Corp for foreign investors. (FE)
Mahindra and Mahindra (M&M) on Thursday said it was looking for acquisitions in the auto components space in the European markets.(BL)
Commerce & industry minister Kamal Nath has said that export target of $126 billion set for 2006-07 was likely to be exceeded going by the 40% growth momentum seen in the first quarter of the fiscal. (ET)
Tata Consultancy Services (TCS), has been named as one of the world's top BPO providers by the International Association of Outsourcing Professionals (IAOP), for 2006, a press release issued here on Thursday said. (ET)

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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.financialexpress.com/latest_full_story.php?content_id=139700 Infosys on track to meet guidance: Nilekani .
http://www.thehindubusinessline.com/2006/09/08/stories/2006090805260100.htm Auto majors line up big investment plans.