Market Today on 29.08.2008

Market was extremely cautious on F & O expiry and the fear of inflation as the last two week the number was not favorable at all. Ultimately selling lead to deep correction of market leading to a crucial level of both Sensex and Nifty. As 4200 is a strong ans sustainable support and this time apart from positive cues by US we have another important positive trigger of cooled inflation a GREEN starting is expected with nifty up by 40-50 points and rising above 100 in the mid way. Some ups and downs will be there in that range but ultimately we can have a happy ending of the weekend.
Turnover traded in markets has improved a lot, especially due to F&O expiry. It stood at Rs 83,236.95 crore. This includes Rs 66,164.24 crore from F&O segment, Rs 4,041.46 crore from BSE Cash and balance Rs 13,031.25 crore from NSE Cash segment.
4200 in Nifty and 14000 in Sensex is the strong support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4000 level in Nifty. Though these level doesn’t seems to get breeched in near term. Market range whole day is expected to be between 4190-4400 in nifty and 14000-14500 in Sensex.

Sectors to Watch-
Banks and Realty will lead the way on cooling inflation. Sugars and Fertilizers may see some recovery. Oil Exploration Company may see some fall. Capital goods is likely to be winner. Auto will pick up its speed and metals expected to shine. Healthcare, FMCG may remain flat.
Stock to Watch-
Markasans Pharma, Reliance Industries, ICICI bank, Reliance Capital and Indiabulls finance.

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Learn and Earn

Hi Friends,
Education have no end, no barrier no age and no limit. Let us share it to increase our experience. There is a site where you can share and care, give and take, nourish and flourish your knowledge.
Apart from that being a responsible citizen you can take part in discussion in various issues of our Country and globally.
Yes money matters so there are cash prizes too.
So resister yourself here.

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Market Today on 27.08.2008

Though we have witnessed three consecutive positive day but lack of strength in the market was clearly evident. Participation was less which has shown some improvement on Tuesday. Today again on positive global cues opening is expected in GREEN but market overall may lack lustur. There is lack of definite trigger to give a direction to the market. Extreme range bound and range being very narrow has become the pattern right now. Closure of market is expected to be choppy.
Total turnover traded in markets has improved a bit in today's trade, which stood at Rs 62,216.38 crore. This includes Rs 8,658.30 crore from NSE Cash segment, Rs 49,779.36 crore from NSE F&O and balance Rs 3,778.72 crore from BSE Cash segment.
4300 in Nifty and 14000 in Sensex is the immediate support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4200 level in Nifty. Market range whole day is expected to be between 4250-4400 in nifty and 14200-14700 in Sensex.


Sectors to Watch-
Sectors may remain flat, Capital goods may face some selling pressure. IT and telecom may be positive though not by great extent. Banks and realty may see selling on last hour. Oil and Gas may gain.
Stock to Watch-
Cairns India, Reliance Industries, RNRL, Suzlon energy and BF Utilities.

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Market Today on 26.08.2008

The week started on a positive note but by the end the weakness was clearly visible. Less participation, less confidence and fear of global economic slowness not at all allowing our market to gain strength. Today we even have negative cues so the start is certainly negative with a gap down about 40-50 points in nifty which may extend to 90-100, and as the market is range bound again we can see some buying at that level with some recovery at the end.
Total turnover traded in markets stood at Rs 56,686.76 crore. This includes Rs 7,461.38 crore from NSE Cash segment, Rs 45,979.13 crore from NSE F&O and balance Rs 3,246.25 crore from BSE Cash segment.

4300 in Nifty and 14000 in Sensex is the immediate support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4200 level in Nifty. Market range whole day is expected to be between 4200-4400 in nifty and 14000-14600 in Sensex.

Sectors to Watch-
It will be now Banks, realty where we will witness selling pressure. Oil and Gases may give some rescue, otherwise baring telecom no sector seems to have good time.
Stock to Watch-
XL Tele, Reliance Industries, RNRL and NMDC

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Market Today on 21.08.2008

There was a strong positive reaction on positive opening by Asian markets and the five consecutive falling streaks were broken. As the buying mode had started in this range bound market we can see it to continue so the market will open in Green as there is also favorable global cue. Though participation is still lacking so nothing great things is expected to occur. Another reason for cautious approach is the inflation number. Last week it was unexpected high and if this is not stabilize we may see another downward trend.
Total turnover traded in markets stood at Rs 51,999.71 crore. This includes Rs 4,248.31 crore from BSE cash segment, Rs 9,183.7 crore from NSE Cash and balance Rs 38,567.7 crore from NSE F&O segment.

4350 in Nifty and 14300 in Sensex is the immediate support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4200 level in Nifty. Market range whole day is expected to be between 4350-4500 in nifty and 14500-15000 in Sensex.

Sectors to Watch-
Banks and Capital goods will lead the way. Health sector is expected to be healthy. IT will gain on depreciation of rupee. Autos may see some recovery. Fertilizers will be fertile and sugar will be sweet.
Stock to Watch-
Chambal Fertlizers, Axis Bank, JP Associates, Mahindra and Mahindra and Nagarjuna Fertilizers.
To Select stocks go through the stock analysis posted here.

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Market Today on 20.08.2008

Our Indian market is facing the global trauma and again the global cues are against, so we may expect another negative opening but as some buying was seen today in the last hour we may see some buying which can help to recover the market, but a panic reaction is not over ruled if nifty falls below 4300 level. Participation has been reducing and market again going in the same direction as it was in mid July. Again on global cues opening will be in Red, though a recovery is expected in the last hour but only if market sustains its support at 4300 in Nifty.

Turnover traded in markets was very low, which stood at Rs 56,307.32 crore. This includes Rs 8,920.66 crore from NSE Cash segment, Rs 43,426.67 crore from NSE F&O and balance Rs 3,959.99 crore from BSE Cash segment.

4200 in Nifty and 14000 in Sensex is the key support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4000 level in Nifty. Market range whole day is expected to be between 4280-4450 in nifty and 14200-14800 in Sensex.

Sectors to Watch-
Sugars may again steal the show well supported by fertilizers. FMCG and healthcare may end flat with positive biased. Banks can recover on buying.
Stock to Watch-
ICICI Bank, Indian Bank, HCL tech, Tulip Telecom and Reliance Industries.

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Market Today on 19th Aug 08

After a gap of some days I am here again with my market today. In spite of cooling crude which was supposed to be an active weapon to curb inflation, inflation soared to 12.44 again creating a wave of negative sentiments among the investors, leading to fall in market. Again the negative global cues will add the panic among the investors and we are going to witness another RED opening on Tuesday. Nofty may open below 4350 and the gap may increase as the day passes. Another CRR hike expectation may lead to another crash below 4000 in coming days if Nifty breaks 4200 barrier. Poor turn over clearly indicates the worried participation in market. Though some recovery may be witneesed by some buying in last hour of trade.
Total turnover traded in markets was very low at Rs 52,863.98 crore. This includes Rs 9346.86 crore from NSE Cash segment, Rs 39680.22 crore from NSE F&O and balance Rs 3,836.90 crore from BSE Cash segment.
4200 in Nifty and 14000 in Sensex is the key support level in Nifty and Sensex respectively, and if this is breached we may see again market going down below 4000 level in Nifty. Market range whole day is expected to be between 4220-4450 in nifty and 14200-14800 in Sensex.


Sectors to Watch-
IT sector may gain as Rupee depreciation is on peak. Fertilizers may see some recovery. FMCG and Healthcare may gain a bit, while Banks, Capital Goods and Realty will some another downslide.
Stock to Watch-
Jindal Steel and Power,TCS, Tulip Telecom, RCOM and Infosys..

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Market today : 14th Aug 08

Though on Tuesday market tried to resist all negative cues but the strength was absent and it seems this week market may not see green again as being the last trading day of the week and inflation data is to be announced, cautiosness was expected but negative global cues and rise in crude by 2% might spoil the day. Market is expected to open in Red which 30-50 points down in Nifty. Some buying is expected below 4500 level which may lead to some recovery at the end.

Turnover traded in markets stood at Rs 61,043.34 crore. This includes Rs 12,035.80 crore from NSE Cash segment, Rs 43,947.06 crore from NSE F&O and balance Rs 5,060.48 crore from BSE Cash segment. Turn over was not upto the mark showing less participation.

4400 in Nifty and 14600 in Sensex is the key support level in Nifty and Sensex respectively, and if this is breached we may see again market going down at 4200 level in Nifty. Market range whole day is expected to be between 4420-4550 in nifty and 14700-15200 in Sensex.


Sectors to Watch-
Sugar stocks may recover, Banks and Real estate will have to bear some more pain. Healthcare, FMCG and Metals may be flat. IT may gain and Autos will be flat with negative biased.]

Stock to Watch-
Educomp Solutions, APTECH, United Breweries, Jindal Steel and Power and RNRL.

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Market Today on 13.08.2008

Poor IIP and poor global cues had made sensex poorer by almost 300 points as the rate sensitive stocks reacted voraciously. Again on momentum market is expected to open in RED with a gap of 20-30 points in Nifty which may extend further. SEBI- FII meeting on P-note holds the important key. Though in the later half we can witness buying leading to a smart recovery and as I am mentioning continuously any fall is an oppurtunity to enter the market. Again it is an oppurtunity. At the end we may see flat close or even a positive close. As the turn over was better indicating an increased participation in market.
FII has started taking interest in buying and DII are already on the buying mode to 12.08.2008 will again come with an oppurtunity to enter the market.

Turnover traded in markets stood at Rs 72,229.98 crore. This includes Rs 13,910.25 crore from NSE Cash segment, Rs 52,461.81 crore from NSE F&O and balance Rs 5,857.92 crore from BSE Cash segment.
4700 -4750 in Nifty and 16000-16300 in Sensex is the resistance level in Nifty and Sensex respectively, and if this is crossed we may see upto 4900 in nifty and 17500 in Sensex. Market range whole day is expected to be between 4450-4620 in nifty and 14900-15400 in Sensex.


Sectors to Watch-
Rate sensitive stocks will see some down fall in the 1st half but may smartly recover later. Banks will lead in these sectors. Fertilizers are expected to remain fertile and Sugars are expected to remain sweet. Metals may gain due to some buying.

Stock to Watch-
Educomp Solutions, Axis Bank, JP Assocites, Jindal Steel and Power and Reliance Capital.

To select stocks to accumulate for long term go to stock analysis given at this blog to have a overall view on the stocks.
For short term derivative calls refer to related link here.

HAPPY INVESTING

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Stock Analysis – Educomp Solutions

After Aptech Educomp solution is another stock to be analysed as it has winessed a high of more than 5000 Rs. Now trading above 3300 has been technically corrected and the 11th year plan announced by the Govt is expected to be a boon for this stock, thus this stock needs an analysis to proof itself to be a part of our portfolio.

FUNDAMENTAL ANALYSIS:-
The company has a market cap of more than 5700 crs with a P/E of 71.43 and EPS of 46.80. and is the market leader in ICT solutions and smart classes. In the 11th year plan Govt announced 38,700 Crs capex programme for ICT schools and Rs 8400 Crs in Edusat to increase penetration of computer education in shools which is currently 12% approx. This will striaght way benefit Educomp as it is the leader in ICT.The recently launched K- 12 business is expected to be a success. Thus the company is on the winning streak .

TECHNICAL ANALYSIS:-
The stock was an outperformer and has reached a high of 5650 Rs then corrected a dropped down to 2260 levels. From there a strong consolidation has been seen and todays fall has given an oppurtunity to the investors to enter. Stock is technically corrected and running above 50 dma substantially. The daily RSI is on positive divergence and a strong support is witnessed at 3150-3200 levels on movement chart.
Days BSE NSE
30 2982.54 2982.96
50 3123.66 3123.29
150 3700.88 3700.82
200 3693.85 3694.38

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock is now above its 50 sma and is sustainable. One can buy this stock keeping a stop loss at3150 Rs. for the target given below.

TARGET:-
Based on above analysis targets estimated are
i) Short term – 3650-3700 Rs. for positional traders with stop loss of 3150 Rs.
ii) Medium term – 3900-4000 Rs. for investors, Once it crosses 3700 and remains there.
iii) Long Term – 4580-4700 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING

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Market Today on 12.08.2008

It seems market had decided to cross its barrier and bulls are in full form and prepared to throw bears out of its den. Market performed well as expected but the way it went whole day clearly indicates the cautiousness of investors. In spite of rich global cues and crude dropping substantially, participation was not up to the mark which is indicated by the volume which was below 58000 crs. Crude now almost at its strong support level of 110$ and global cues again favoring which will lead the market to open in GREEN but 4700-4750 is the barrier where certainly we will witness some profit booking ant at the end market may end choppy though positive.

Total turnover traded in markets stood at Rs 57,586.55 crore. This includes Rs 12,421.49 crore from NSE Cash segment, Rs 39,699.28 crore from NSE F&O and balance Rs 5,465.78 crore from BSE Cash segment.

4700 -4750 in Nifty and 16000-16300 in Sensex is the resistance level in Nifty and Sensex respectively, and if this is crossed we may see upto 4900 in nifty and 17500 in Sensex. Market range whole day is expected to be between 4580-4720 in nifty and 15400-16050 in Sensex.

HOT SECTOR OF THE DAY
Banks, Realty and Capital Goods will see some gain while Infrastructures and Oil and Gases may correct.

HOT STOCKS OF THE DAY
DCB, Ansal Infra, Bank Of India, Adlabs and Reliance Capital.

Be active here for my intra day calls.

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Stock Analysis –Adlabs Films

After the trust vote ADAG stocks are on the uptrend and are recovering at faster level. Adlabs one of the most beaten stock in recent times are on the way of recovery, as far as fundamentals are concerned after entering in internatinal foray the stock had made an smart expansion. Analysis below certainly indicated this stock to be a part of ones portfolio as it will certainly entertain by a good profit.

FUNDAMENTAL ANALYSIS:-
The company has a market cap of more than 2600 crs and is the largest company in entertainment section. On increasing demand of multiplexes in small cities the company is gradually and smartly expanding its foot. Newly announcement of entering in hollywood will certainly be a booster.

TECHNICAL ANALYSIS:-
The stock was an outperformer last month gaining from 406 Rs to 550Rs then trading in sideways of 503-550 range.The volume has increased substantially showing increased participation in this stock. Technically the stock has corrected and now is above its 50 sma. The daily RSI is indicating an up move and a strong support is witnessed at 526 levels.
Days BSE NSE
30 463.23 463.29
50 492.09 492.16
150 734.59 734.64
200 821.21 821.09

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock is now above its 50 sma and seems to be sustainable. One can buy this stock keeping a stop loss at 525 Rs. for the target given below.

TARGET:-
Based on above analysis targets estimated are
i) Short term – 595-605 Rs. for positional traders with stop loss of 525 Rs
ii) Medium term – 780-800 Rs. for investors, if it crosses 200 dma ie 734.60 and sustain there.
iii) Long Term – 1280-1400 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING

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Stock Analysis –Aptech

Aptech was recently one of the choice stock of experts till it had shown some sharp correction, Fridays smart move has seen the stock giving a break-out past the down ward sloping Resistance trendline. Technically corrected now , this stock can be a good pick for small term gain. Based on the analysis below a reccomendation of buy is given.

FUNDAMENTAL ANALYSIS:-
The company with a market cap of more than 1000 crs has current P/E 0f 276.07 and EPS of 0.84,The Q1 no. on a standalone basis, Aptech posted an increase of 18% in its revenues and 60% in operating profits compared to same quarter last year. The revenues from the retail education business increased by 42% in this quarter. Regarding expansion plan Aptech forayed into Mauritius & Botswana during this quarter. Additional Aptech Computer Education and Arena centres signed up in Russia, Mauritius, Vietnam & Botswana.

TECHNICAL ANALYSIS:-
The stock corrected sharply from its peak of Rs 448 to a low of 139Rs in Jan 08. Then it rallied to 280 Rs. and now being consolidated at a wide range of 170-240 Rs. An intermediate bottom seems to be placed at 170-175 levels.Seeing the moving average below we analyse that the stock is now above its 150 sma. If it sustain we may see more rise in the stock
Days BSE NSE
30 198.74 198.65
50 204.50 204.42
150 233.10 233.02
200 269.52 269.52

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock is now above its 150 sma and seems to be sustainable. One can buy this stock keeping a stop loss at 215 Rs. for the target given below.

TARGET:-
Based on above analysis targets estimated are
i) Short term – 250-260 Rs. for positional traders with stop loss of 215 Rs
ii) Medium term – 280-300 Rs. for investors, if it crosses 200 dma ie 269.50 and sustain there.
iii) Long Term – 380-410 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING

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Reliance Capital - Capitalize on It

Reliance Capital is a Company of Anil Dhirubhai Ambani Group. It is a highly momentum stock and a very good script for trading. As the company has received the approval from the Reserve Bank of India (RBI) to set up an overseas subsidiary for international operations, it has been a good script to hold in our portfolio. The company has also filed an application with the National Housing Board to form a housing finance subsidiary.

FUNDAMENTAL ANALYSIS:-
Company with a market cap of 31500 crores and P/E as good as 30.80 and an outstanding EPS 41.75. Q1 result was outstanding as the company has posted a net profit of Rs3.43bn in the quarter ended June 30, 2008 compared to Rs3.25bn in the same quarter last year. Total income also increased by 15.44 bn. Under Asset management business net profit was up 67% to Rs330mn and a huge gain of 173% in its new Life Insurance Business. The company is expanding new business in housing finance also.

TECHNICAL ANALYSIS:-
The stock saw a bottom of 850 Rs on the fear of increased inflation and rising interest. Then it corrected hugely and now trading above its 50 sma. The stock has been at 2925 and then corrected sharply falling about 71%. Now after the technical correction it holds a sustainable support at 1125-1150. Positional traders may find this level a very good level for entering.

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock holds strong support 1125-1150 Rs. as it is a momentum stock it corrects sharply both upside and downside. But I think for a short term 1500 should be the target aimed.
) Short term – 1500-1550 Rs. for positional traders for for entering 1125-1150.
ii) Medium term – 1840-1900 Rs. for investors
iii) Long Term – 2160-2200 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING

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Stock Analysis – Shree Renuka Sugars

After seeing such a sweetness in Sugars an analysis on this stock was required as sugars are already corrected more than 20% upside. Most sugar companies are now have a set up to produce power and alcohol from bagasse and molasses which had left them with more revenue earnings. renuka sugar is one of the most traded stock in this sector.

FUNDAMENTAL ANALYSIS:-
Renuka Sugar Company has a large distillarycapacities and after 5% ethanol blending being mandatory it supplies to oil marketing companies at a rate of 21.5 Rs per litre. Sugar price had declined last year so it is doubtful for further decline. Even on the way to control inflation if Govt forces, distillaries earnings are likely to increase. Cane cost is less in South than North specially UP and this makes a huge difference in Renuka Sugars than to its peers. Recently company approved raising up to 200 mn $ via local and overseas share sale. Company is also setting a 700000 tonnes sugar refinery at Mundra SEZ.

TECHNICAL ANALYSIS:-
The stock hold a significant support at 127-130 levels. The daily RSI and daily MACD has potraied a positive divergence. The movement pattern shows candle stick pattern with neckline placed at 127 level. The stock is trading above its 50 sma and technically looks good to buy.

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock appears to have made the intermediate bottom at the long term support level at 127-130. Traders can buy the stock at current levels for target of 145 in a week time. Detail targets expected is as follows.
i) Short term – 150-155 Rs. for positional traders with stop loss of 154 Rs
ii) Medium term – 180-190 Rs. for investors
iii) Long Term – 240-260 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING

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Market Today on 11.08.2008

Market corrected on Friday as the inflation figure crossed 12, but the sentiments are good and this was seen in the last hour of market. Crude being the real trigger for market as it has been helping out the market globally. Now the crude has fallen below 116$ which was the immediate support. Global cues are favorable, US market ended in positive note and Asian markets are too expected to open positive, helping to have a good gain in our market. Thus on Monday market will certainly open in GREEN with a gap up of 30-40 points on Nifty which will go up further. Last hour again we may see a bit profit booking though overall market breath is good.

4700 in Nifty and 16000 in Sensex is the resistance level in Nifty and Sensex respectively, and if this is crossed we may see upto 4900 in nifty and 17500 in Sensex. Market range whole day is expected to be between 4480-4690 in nifty and 14900-15650 in Sensex.

Sectors to Watch-
Capital Goods, Banks and Realty will show some good gain, while FMCG and Health Care will be passive. Oil and Gases will recover a bit but at present not very bullish sector.

Stock to Watch-
Reliance Industries is bound to cross 2300 level. Other hot stock is expected to be Axis Bank, RNRL, Reliance Capital and Bank of India.

BE ACTIVE HERE FOR MY INTRADAY CALLS WHICH WILL BE POSTED HERE.

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POST YOUR QUERIES ABOUT STOCK MARKET

Dear Friends,
I will be glad to try my best to help you out in case you you have any queries about any stock or Stock Market. Please post your queries as comment.

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SHORT TERM CALLS

Date :- 08.08.2008

BUY AXIS BANK @ 735
TARGET 770, 780
TIME- 2-3 days

BUY RELIANCE INDUSTRIES @ 2251
TARGET-2350, 2370
Time- 3-4 days

BUY REL PETRO @ 164
TARGET 172, 175
Time - 2-3 days

BUY APTECH @ 231
TARGET - 250, 260
Time- 3-4 days

Call on 11.08.2008

BUY PRAJ IND @ 173

TARGET 204, 208

Time 2-3 days

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