About Me
- Jagruti Fadia
- Mumbai, Maharashtra, India
- Besides being a CHARTERED ACCOUNTANT from Institute of Chartered Accountants of India,SAP certified consultant(FICO) and A Director in an advertising Company,I am a BSE certified stock analyst(technical) and I trade regularly on Bombay stock exchange.Do you like to have some free reliable stock trading tips ??? Visit my blog daily and follow my research.
Wednesday, September 30, 2009
Global market
30/09/09:Glbl Mkt @9AM
Dow(C):9742(-0.4%)
Nasdaq(C):2124(-0.3%)
Nikkei:10105(+0.1%)
HangSang: 21036(+0.1%)
SGXNifty:5006(+0.2%)
Dow(C):9742(-0.4%)
Nasdaq(C):2124(-0.3%)
Nikkei:10105(+0.1%)
HangSang: 21036(+0.1%)
SGXNifty:5006(+0.2%)
Good Morning
Hi friends,
Good morning. Market may remain flat and quiet today. However, folloings are the stock to watch and interesting to invest or trade.
GTL INFRA
EDUCOMP
TORRENT PHARMA
TORRENT POWER
ABOTT
SUNPHARMA
DABUR(I)
GUJ PETRO
CHENNAI PETRO
KLG SYSTEL
Have a nice trading day,
Jagruti.
Good morning. Market may remain flat and quiet today. However, folloings are the stock to watch and interesting to invest or trade.
GTL INFRA
EDUCOMP
TORRENT PHARMA
TORRENT POWER
ABOTT
SUNPHARMA
DABUR(I)
GUJ PETRO
CHENNAI PETRO
KLG SYSTEL
Have a nice trading day,
Jagruti.
Tuesday, September 29, 2009
GOOD MORNING
Image by kevindooley via Flickr
Hi Friends,
Warm welcome to Mr. Ajay, a new fan club member. Hope you will enjoy reading this blog.
A long week end has ended today. A fresh brand new morning comes with mixed global trends. Asian markets weak whereas European and US markets strong, our market in particular looks little weak today. Just 3 working days in this week may keep it little quiet this week. However, if one needs to be stock specific , pharma sector looks very good and in particular following shares.
SUN PHARMA.
DIVI'S LAB.
DR.REDDY'S
BIOCON LTD
RANBAXY LAB.
CADILA HEALT
TORRENT PHAR
ABBOTT (I)
PFIZER LTD
LUPIN LTD.
DABUR (I)
Others:
TORNT POWER
SUBEX LTX
BALAJI TELE.
TEXMACO LTD.
IDBI BANK L
DECCAN AVIAT
RASHTR.CHEM.
AMAR RAJA BA
ZEE ENTER
WYETH LTD.
DEV CRBANK
PATEL ENGG.
MOTHERSON SS
ORCHID CHEM
K.S.OILS LTD
MADHUCON PRJ
KIRL.FERROUS
ESSAR SHIP.
ESCORTS LTD.
EICHER MOTOR
FINOL. CABLE
GTL INFRAST
ORBITCO
CITY UNION
GLAXOSMITH
IVR PRIME
Have a great trading day,
Regards,
Jagruti.
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Friday, September 25, 2009
MARKET SLIDING, BOOK PROFITS ON LONG.
JUST 3 WORKING DAYS IN NEXT WEEK AND BEING THE LAST DAY OF THE WEEK, PEOPLE DO NOT WISH TO CARRY LONG POSITIONS. PROFIT BOOKING WITNESSED.
Good Morning
Image by Stuck in Customs via Flickr
Good Morning,
Futures and options - September series expired yesterday and new series began from today. Market is in the process of correction.BSE Auto, IT, Realty, capital goods, Metal , Mid cap, Small cap look weak, Oil and gas, Healthcare and Bank index look strong. Sensex and Nifty will correct but followings are still good to buy ,trade or hold. Be stock specific.
MRF
MCLEOD RUSSEL
DENA BANK
CENTRAL BANK
BANK OF MAHARASTRA
UCO BANK
VIJAYA BANK
EDUCOMP
ORBIT CORP
RANBAXY
IVR PRIME
HDFC
WIRE N WIRELESS
Wish you a happy trading day,
Jagruti.
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Thursday, September 24, 2009
Good Morning
Image by Restless mind via Flickr
Good Morning. Festivity in the city is at peak and the market too at recent peaks. It will correct today also, today is last day of f and o september series. Market will remain volatile too. Do not short unless you are expert trader, sit on cash and buy on dip when market corrects by approx 1000 points from yesterday's peak. Market should again bounce from 16000-16500 level.
Global cues are also not good today. Do not trade intra day long unless you are stock specific.
More on the market opening,
Have a great day,
Jagruti.
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Wednesday, September 23, 2009
IT''S TEA TIME !!
Image by motograf via Flickr
MC LEOD RUSSEL
ASIAN TEA
JAYSHREE TEA
HARRISON MALAYAM
TATA COFFEE
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STERLITE INDUSTRIES
TECHNICAL CHART :
WEEKLY CHART HAS FORMED INVERTED HEAD AND SHOULDER PATTERN IF IT BREAKS OUT FROM IT, IT CAN RISE UP TO RS. 950, 1150.
BUY ON DECLINE , ACCUMULATE AND HOLD FOR LONG TERM.
WEEKLY CHART HAS FORMED INVERTED HEAD AND SHOULDER PATTERN IF IT BREAKS OUT FROM IT, IT CAN RISE UP TO RS. 950, 1150.
BUY ON DECLINE , ACCUMULATE AND HOLD FOR LONG TERM.
Good Morning
Image by Atilla1000 via Flickr
How are you all ? Enjoying festivity in the city ? Evenings and mornings are lovely again in the city with the last showers of the season, let us see how lovely it is on the BSE !!
Everybody is waiting for the correction, the investors feel leftout looking at the index touching new highs daily. Sensex and nifty may decline little bit but its uptrend is undisturbed.
Today's picks:
GILLETTE
FSL
HDFC
3M INDIA
ALSTOM POWER
GAMMON INDIA
SUBEX LTX
SRF
SIMPLEX INFRA
TATA TELE
MOSER BEAR
MONSANTO
INOX LEISURE
NICHOLAS PIRAMAL
LIC HSNG
BAJA AUTO
AND SO MANY MORE,
Keep away from sensex stocks as sensex is going to give correction , also future and option expiry on thursday will not give much rise and market will be volatile and side ways, may decline but will not rise.
Have a great trading day,
Jagruti.
Tuesday, September 22, 2009
BTST
MCLEOD RUSSSEL
AARTI IND
NIRAJ CEMENT
RAJESH EXPORTS
DONT TRADE IN SENSEX STOCKS AS IT MAY CORRECT BUT SIDELINES WILL GIVE GOOD RETURN.
AARTI IND
NIRAJ CEMENT
RAJESH EXPORTS
DONT TRADE IN SENSEX STOCKS AS IT MAY CORRECT BUT SIDELINES WILL GIVE GOOD RETURN.
Friday, September 18, 2009
Thursday, September 17, 2009
Good Morning
Image via Wikipedia
It should be a very good morning today. Global cues are very positive and all the markets in green. We should have a gap up morning today on our market, however, profit booking is expected. Market is trading in overbought zone on daily basis and may decline but overall trend is positive. Inverted head and shoulder pattern is about to be completed on index charts and may take index up to 19000 if it is broken out upwards with great volume. Let us be positive and wait for the break out.
It is adviced not to open short positions and hold on to longs or buys. New buyers should not enter at this level as they will get chance to buy at little lower levels.Market will achieve new highs this festival season along with the support of global markets.
Today's picks:
Banks:
federal bank
Dena bank
Allahabad bank
PNB
OBC
IT:
Hcl techno
Steel:
Sesa Goa
Sail
Hotels:
Hotel Leela
Asian hotel
Others:
LIC HSNG
Chennai Petro
Hinduja Vent
Tata Chemical
LITL
Prakash Ind
Orchid Chem
Have a Great trading day with great number of scripes,
Regards,
Jagruti.
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Wednesday, September 16, 2009
market now
Profit booking seen and market may decline due to the profit booking, please be cautious while building intra day longs. Positional trades can be built up.
GOOD MORNING
Image by aginorz via Flickr
The market looks good today but standing at the strong resistance level. May be sensex stocks may not out perform but followings look good for trading today.
AREVA
APPOLLO TYRES
BANK OF BARODA
WIRE AND WIRELESS
ALLAHABAD BANK
CANARA BANK
BANK OF INDIA
INDIAN BANK
IOB
DENA BANK
CITY UNION BANK
BAJAJ AUTO
Have a great trading day,
Jagruti.
Tuesday, September 15, 2009
BANKING GOOD
BOI
ICICI
SBI
HOWEVER, DO NOT TRADE LONG INTRA DAY AS MARKET RISE MAY NOT SUSTAIN AT THE END OF THE DAY.
ICICI
SBI
HOWEVER, DO NOT TRADE LONG INTRA DAY AS MARKET RISE MAY NOT SUSTAIN AT THE END OF THE DAY.
Global trends
15/09/09:Glbl Mkt @9AM
Dow(C):9626(+0.2%)
Nasdaq(C):2091(+0.5%)
Nikkei:10255(+0.5%)
HangSang: 20878(-1.3%)
SGXNifty:4844(+0.1%)
Dow(C):9626(+0.2%)
Nasdaq(C):2091(+0.5%)
Nikkei:10255(+0.5%)
HangSang: 20878(-1.3%)
SGXNifty:4844(+0.1%)
Good Morning
Image by janusz l via Flickr
Morning may be good or bad on the market, but followings are the best trading picks
GTL LTD.
SUBEXS LTD.
SCI
HAVE A GRAET TRADING DAY,
JAGRUTI.
Monday, September 14, 2009
Global market
14/09/09:Glbl Mkt @9AM
Dow(C):9605(-0.2%)
Nasdaq(C):2081(-0.1%)
Nikkei:10388(-0.5%)
HangSang: 20878(-1.3%)
SGXNifty:4813(-0.7%)
Dow(C):9605(-0.2%)
Nasdaq(C):2081(-0.1%)
Nikkei:10388(-0.5%)
HangSang: 20878(-1.3%)
SGXNifty:4813(-0.7%)
GOOD MORNING
Image by Joana Roja -Stressed and busy but who isn't? via Flickr
A very good morning to you all and a warm welcome toMr. Bipin , a new fan club member. Hope you all are benefitted from using this blog.
Asian markets are weak and our market is weak too. It should remain flat or decline today. Be stock specific, do not remain in long. 24th is the last day of september f n o series. Market will remain volatile.
More on opening bell,
Jagruti.
Friday, September 11, 2009
Thursday, September 10, 2009
Good Night
Image by MarcelGermain via Flickr
Really surprising day !! Market was dull almost up to the last hour , like yesterday and then fell sharply. Most probably tomorrow also it will fall. Market is now trading in a range and it is becoming narrow but the range shifting little higher and higher every time. It is hence becoming investors market from traders market. It is prudent now to hold shares for longer period than to trade, if one wants to make gains. Slowly before anyone realises the sensex willreach to 18000 level.
Tomorrow's best picks are :
Pearl Fashion
Sesa Goa
Zigma software
See you tomorrow morning,
Have a very good night,
Jgaruti.
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GOOD MORNING
Image by Eric Bégin via Flickr
MARKET OPENED HIGH AND NOW LOSING GROUND, ACCORDING TO MY VIEW TODAY AT THE END OR TOMORROW IT WILL GIVE SELL OFF. BEWARE OF TRADING INTRA DAY.
JAGRUTI.
Wednesday, September 9, 2009
Essar Oil
Essar Oil May Spend $300 Million to Produce Coal Gas
Sept. 9 (Bloomberg) -- Essar Oil Ltd., operator of India's second-largest non-state refiner, may spend $300 million to produce natural gas from a coal seam block in the eastern state of West Bengal, which is expected to start output in December.
The refiner and explorer may borrow $150 million from local banks over the next three years to finance the project, Shishir Agrawal, chief executive officer of Essar Exploration & Production India Ltd., said by telephone from New Delhi today.
"We will generate around $150 million from sales of the gas over the next three years when we will reach a peak," Agrawal said. "We hope to raise the money by November end."
Essar Oil was among bidders for coal-bed methane fields when they were first auctioned by India in 2001. The South Asian nation, which imports about 75 percent of its energy requirements, is currently holding talks with potential explorers for India's biggest oil and gas field auction, including 10 coal bed methane blocks.
Essar Oil gained 1.7 percent to 154.50 rupees in Mumbai trading, the highest level since Aug. 4. The benchmark Sensitive Index rose 0.4 percent.
India's Directorate General of Hydrocarbons upgraded the total gas reserves at Essar Oil's coal-bed methane block at Raniganj to 60.77 billion cubic meters, or 2.2 trillion cubic feet, from 42 billion cubic meters, Agrawal said. The reserves are equal to 19 percent of the deposits in KG-D6, India's biggest gas field operated by Reliance Industries Ltd.
Certified Report
The reserves at the field are being certified by U.S. company Netherland, Sewell & Associates Inc., Essar Oil said in a statement to the Bombay Stock Exchange today. The report may be completed by the middle of next month and would be needed to raise the money, Agrawal said.
Essar Oil plans to drill 500 wells in the area to produce 3 million cubic meters a day of gas over the next three to 3 1/2 years, Agarwal said. Output may start by December from 15 wells, he said.
Great Eastern Energy Corp., listed on the London Stock Exchange, started selling gas from coal beds in West Bengal state in July 2007, according to the company's Web site. The company produces 68,000 cubic meters of coal-seam gas a day, Oil Minister Murli Deora said Feb. 24.
Reliance Industries and Oil & Natural Gas Corp., India's most valuable companies, have 135.8 billion cubic meters of coal-seam gas reserves, the minister said that day.
To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net .
Sept. 9 (Bloomberg) -- Essar Oil Ltd., operator of India's second-largest non-state refiner, may spend $300 million to produce natural gas from a coal seam block in the eastern state of West Bengal, which is expected to start output in December.
The refiner and explorer may borrow $150 million from local banks over the next three years to finance the project, Shishir Agrawal, chief executive officer of Essar Exploration & Production India Ltd., said by telephone from New Delhi today.
"We will generate around $150 million from sales of the gas over the next three years when we will reach a peak," Agrawal said. "We hope to raise the money by November end."
Essar Oil was among bidders for coal-bed methane fields when they were first auctioned by India in 2001. The South Asian nation, which imports about 75 percent of its energy requirements, is currently holding talks with potential explorers for India's biggest oil and gas field auction, including 10 coal bed methane blocks.
Essar Oil gained 1.7 percent to 154.50 rupees in Mumbai trading, the highest level since Aug. 4. The benchmark Sensitive Index rose 0.4 percent.
India's Directorate General of Hydrocarbons upgraded the total gas reserves at Essar Oil's coal-bed methane block at Raniganj to 60.77 billion cubic meters, or 2.2 trillion cubic feet, from 42 billion cubic meters, Agrawal said. The reserves are equal to 19 percent of the deposits in KG-D6, India's biggest gas field operated by Reliance Industries Ltd.
Certified Report
The reserves at the field are being certified by U.S. company Netherland, Sewell & Associates Inc., Essar Oil said in a statement to the Bombay Stock Exchange today. The report may be completed by the middle of next month and would be needed to raise the money, Agrawal said.
Essar Oil plans to drill 500 wells in the area to produce 3 million cubic meters a day of gas over the next three to 3 1/2 years, Agarwal said. Output may start by December from 15 wells, he said.
Great Eastern Energy Corp., listed on the London Stock Exchange, started selling gas from coal beds in West Bengal state in July 2007, according to the company's Web site. The company produces 68,000 cubic meters of coal-seam gas a day, Oil Minister Murli Deora said Feb. 24.
Reliance Industries and Oil & Natural Gas Corp., India's most valuable companies, have 135.8 billion cubic meters of coal-seam gas reserves, the minister said that day.
To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net .
Bharti
Bharti, MTN Said to Have Reached Preliminary Accord
Sept. 9 (Bloomberg) -- Bharti Airtel Ltd., India's biggest mobile-phone company, and South Africa's MTN Group Ltd. reached a $24 billion preliminary agreement to buy each other's shares, the first step in a planned merger, three people familiar with the matter said.
Bharti sweetened its bid to buy 49 percent of MTN by raising the cash portion of its $14 billion offer, the people said, asking not to be identified before an announcement this month. MTN, Africa's biggest wireless company, and its shareholders are poised to acquire 33 percent of Bharti for about $10 billion, they said.
The world's biggest cross-border deal this year would pave the way for the creation of a mobile-phone carrier with annual sales of $20 billion and 200 million wireless subscribers from Johannesburg to Mumbai. The accord would need the approval of 75 percent of MTN's shareholders, some of whom have said Bharti should raise its offer from a bid disclosed in May.
Singapore Telecommunications Ltd., which owns about 30 percent of Bharti, agreed to invest as much as $3 billion to buy Bharti shares, according to the people.
SingTel said in an e-mail that the company doesn't comment on "market speculation." Marina Bidoli, a spokeswoman at Johannesburg-based MTN, declined to comment as did Ranjana Smetacek, a Bharti spokeswoman. In an e-mailed statement today Bharti said discussions with MTN are continuing.
MTN rose as much as 5.1 percent in Johannesburg, closing 1.9 percent higher at 127.00 rand. Bharti fell 3.5 percent to 409.35 rupees in Mumbai, trimming its gain this year to 14 percent.
Stock, Cash
Bharti agreed to give $4 billion in stock to two of MTN's biggest shareholders, M1 Group and South Africa's Public Investment Corp., while offering remaining shareholders $10 billion in cash, the people said.
Bharti said on May 25 it offered 86 rand in cash plus half a Bharti stock for each MTN share for a 49 percent stake, while Africa's largest mobile-phone company and its shareholders would acquire 36 percent of the New Delhi-based operator. Bharti said at the time the value of the deal may exceed $23 billion.
Shareholders of about 20 percent of MTN have said they didn't support the deal at Bharti's initial bid. Some demanded an all-cash offer.
An increase in the cash component and the all-cash option for MTN minorities is "a better offer, but for my part is not good enough," said Martin Mabbutt, a London-based analyst at Nomura International, which owns some MTN shares. "I feel MTN could get a much higher price." He rates the stock a "buy."
Coronation Fund
Coronation Fund Managers Ltd., which holds about 5 percent of MTN, said on Aug. 20 it wanted about 31 percent more for its stake in Africa's largest wireless provider. The fund also wanted an all-cash offer, instead of Bharti's proposed stock- and-cash bid, it said then.
MTN Chief Executive Officer Phuthuma Nhleko has been looking to expand in markets outside the continent and said in March the company wanted to make a "meaningful" acquisition this year. The company last year failed to close deals with Bharti and its nearest Indian rival Reliance Communications Ltd.
The combined operation will help Bharti Chairman Sunil Mittal boost overseas sales at a time when Reliance and Vodafone Group Plc are closing in on its lead in India. Competition is also intensifying with the entry of more foreign rivals including Japan's NTT DoCoMo Inc. and Norway's Telenor ASA.
Bharti added a record 8.44 million users last quarter, 60 percent of them in rural and semi-urban areas, Chief Executive Officer Manoj Kohli said July 23. The additions boosted the operator's total wireless subscribers to 102.4 million, more than the combined populations of Spain and the United Kingdom.
Vodafone's Indian unit and Reliance added customers at a faster pace in the quarter, according to the latest available figures from India's Telecom Regulatory Authority, to increase their market shares to 18 percent and 19 percent respectively, while Bharti's proportion was unchanged.
Bharti hired Barclays Plc and Standard Chartered Plc for the agreement, while Bank of America Corp. and Deutsche Bank AG advised MTN. Goldman Sachs Group Inc. worked with SingTel, Southeast Asia's largest telephone company.
To contact the reporters on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net Nicky Smith in Johannesburg at nsmith38@bloomberg.net Andrea Tan in Singapore at atan17@bloomberg.net
Sept. 9 (Bloomberg) -- Bharti Airtel Ltd., India's biggest mobile-phone company, and South Africa's MTN Group Ltd. reached a $24 billion preliminary agreement to buy each other's shares, the first step in a planned merger, three people familiar with the matter said.
Bharti sweetened its bid to buy 49 percent of MTN by raising the cash portion of its $14 billion offer, the people said, asking not to be identified before an announcement this month. MTN, Africa's biggest wireless company, and its shareholders are poised to acquire 33 percent of Bharti for about $10 billion, they said.
The world's biggest cross-border deal this year would pave the way for the creation of a mobile-phone carrier with annual sales of $20 billion and 200 million wireless subscribers from Johannesburg to Mumbai. The accord would need the approval of 75 percent of MTN's shareholders, some of whom have said Bharti should raise its offer from a bid disclosed in May.
Singapore Telecommunications Ltd., which owns about 30 percent of Bharti, agreed to invest as much as $3 billion to buy Bharti shares, according to the people.
SingTel said in an e-mail that the company doesn't comment on "market speculation." Marina Bidoli, a spokeswoman at Johannesburg-based MTN, declined to comment as did Ranjana Smetacek, a Bharti spokeswoman. In an e-mailed statement today Bharti said discussions with MTN are continuing.
MTN rose as much as 5.1 percent in Johannesburg, closing 1.9 percent higher at 127.00 rand. Bharti fell 3.5 percent to 409.35 rupees in Mumbai, trimming its gain this year to 14 percent.
Stock, Cash
Bharti agreed to give $4 billion in stock to two of MTN's biggest shareholders, M1 Group and South Africa's Public Investment Corp., while offering remaining shareholders $10 billion in cash, the people said.
Bharti said on May 25 it offered 86 rand in cash plus half a Bharti stock for each MTN share for a 49 percent stake, while Africa's largest mobile-phone company and its shareholders would acquire 36 percent of the New Delhi-based operator. Bharti said at the time the value of the deal may exceed $23 billion.
Shareholders of about 20 percent of MTN have said they didn't support the deal at Bharti's initial bid. Some demanded an all-cash offer.
An increase in the cash component and the all-cash option for MTN minorities is "a better offer, but for my part is not good enough," said Martin Mabbutt, a London-based analyst at Nomura International, which owns some MTN shares. "I feel MTN could get a much higher price." He rates the stock a "buy."
Coronation Fund
Coronation Fund Managers Ltd., which holds about 5 percent of MTN, said on Aug. 20 it wanted about 31 percent more for its stake in Africa's largest wireless provider. The fund also wanted an all-cash offer, instead of Bharti's proposed stock- and-cash bid, it said then.
MTN Chief Executive Officer Phuthuma Nhleko has been looking to expand in markets outside the continent and said in March the company wanted to make a "meaningful" acquisition this year. The company last year failed to close deals with Bharti and its nearest Indian rival Reliance Communications Ltd.
The combined operation will help Bharti Chairman Sunil Mittal boost overseas sales at a time when Reliance and Vodafone Group Plc are closing in on its lead in India. Competition is also intensifying with the entry of more foreign rivals including Japan's NTT DoCoMo Inc. and Norway's Telenor ASA.
Bharti added a record 8.44 million users last quarter, 60 percent of them in rural and semi-urban areas, Chief Executive Officer Manoj Kohli said July 23. The additions boosted the operator's total wireless subscribers to 102.4 million, more than the combined populations of Spain and the United Kingdom.
Vodafone's Indian unit and Reliance added customers at a faster pace in the quarter, according to the latest available figures from India's Telecom Regulatory Authority, to increase their market shares to 18 percent and 19 percent respectively, while Bharti's proportion was unchanged.
Bharti hired Barclays Plc and Standard Chartered Plc for the agreement, while Bank of America Corp. and Deutsche Bank AG advised MTN. Goldman Sachs Group Inc. worked with SingTel, Southeast Asia's largest telephone company.
To contact the reporters on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net Nicky Smith in Johannesburg at nsmith38@bloomberg.net Andrea Tan in Singapore at atan17@bloomberg.net
GOOD NIGHT
Image by Hamed Saber via Flickr
The market was very lacklustre today except last hour of trade. People seem to be very nervous and book profit at every little higher level and prefer to stay on sideline. The market still have little more upside , it trades in range and range has been shifted little upward now.
Auto, FMCG and IT index look very weak, yet the following stocks are worth watching and trading tomorrow. They are good buys.
USHA MARTIN LTD
ALLAHABAD BK
ALLCARGO GLOBAL
RELIANCE INDUSTRIES
JINDAL SAW
SPICE TELE
BAYER CROP
ORIENTAL BANK
RAJESH EXPORTS
ZUARI INDUSTRIES
ASIAN HOTELS
TANLA SOLUTIONS
RELIANCE PETRO
BHARTI SHIPYARD
OPTO CIRCUIT
BNK OF INDIA
MINDTREE LTD
MRF LTD.
CENTURY TEXTILES
GSS AMERICA
JINDAL SOUTH
CHENNAI PETRO
GENUS POWER
BANK OF BARODA
ESCORTS LTD.
HINDALCO
See you on market opening tomorrow,
Good night,
Jagruti.
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Tuesday, September 8, 2009
SENSEX LOWER ON PROFIT BOOKING
BUY RECOMMENDED STOCK AT LOWER PRICE TODAY AND HOLD AS POSITIONAL TRADE
HIDDEN GEMS
SUN TV
OBC
PHOENIX MILLS
RUBY MILLS
TVTN
INDIA GLYCOL
KS OIL
KIRLOSKAR BROS
NIRLON
SUJANA TOWERS
NOVARTIS
MUKAND
JM FINANCIALS
AND SO ON...........
OBC
PHOENIX MILLS
RUBY MILLS
TVTN
INDIA GLYCOL
KS OIL
KIRLOSKAR BROS
NIRLON
SUJANA TOWERS
NOVARTIS
MUKAND
JM FINANCIALS
AND SO ON...........
GOOD MORNING
Image by fmc.nikon.d40 via Flickr
Hi Friends,
It is really bright and sunny morning for the market. Sensex has upward break out and the intermittant trend is upward now. The traders can go long. Sensex heavy stocks will perform very good. We have mixed global trend and no cues from US as their markets were closed on account of labour day. Market may remain up or flat but there is no reason for it to decline today.
More on opening bell,
Have a nice trading day,
Jagruti.
Monday, September 7, 2009
GOOD MORNING
Image by deb mae via Flickr
Good Morning. Yes, Morning seems to be good. Global cues are supportive. Index heavy stocks have gone up on Friday. Traders can go long now till the intermittant positive trends continue. Market trading range is very narrow and today US Markets are closed on Labour day , tomorrow also the US market cues will not be available.
More on market opening,
Jagruti.
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Friday, September 4, 2009
GOOD MORNING
HI FRIENDS ,
SORRY FOR THE DELAY.
MARKET WILL BE VERY VOLATILE, TREND OF THE DAY IS DOWNWARDS BUT ANY TIME BOUNCEBACK IS POSSIBLE. TRADERS WHILE SHORTING SHOULD BE CAREFUL.
MORE SOON,
JAGRUTI.
SORRY FOR THE DELAY.
MARKET WILL BE VERY VOLATILE, TREND OF THE DAY IS DOWNWARDS BUT ANY TIME BOUNCEBACK IS POSSIBLE. TRADERS WHILE SHORTING SHOULD BE CAREFUL.
MORE SOON,
JAGRUTI.
Global markets
04/09/09:Glbl Mkt @9AM
Dow(C):9344(+0.6%)
Nasdaq(C):1983(+0.8%)
Nikkei:10256(+0.4%)
HangSang: 19875(+0.5%)
SGXNifty:4593(+0.2%)
Dow(C):9344(+0.6%)
Nasdaq(C):1983(+0.8%)
Nikkei:10256(+0.4%)
HangSang: 19875(+0.5%)
SGXNifty:4593(+0.2%)
Thursday, September 3, 2009
India's Sensex May Fall to 13,000
India's Sensex May Fall to 13,000, Credit Suisse Says
Sept. 3 (Bloomberg) -- India's benchmark Bombay Stock Exchange Sensitive Index may fall to 13,000 by January amid concern that inflation will accelerate, according to Credit Suisse Group AG.
Wholesale-price inflation may accelerate to more than 5 percent by March while consumer prices are expected to post further gains, analysts Nilesh Jasani and Arya Sen said in a report today. Investors should reduce their holdings of banks, real-estate developers and makers of automobiles and capital goods in their so-called short-term portfolios, they added.
Credit Suisse's forecast represents a 16 percent decline in the Sensex. The gauge fell 0.5 percent to 15,467.46 yesterday, trimming its gains this year to 60 percent.
"We expect equity markets to come under repeated pressure from the inflation-related developments," the analysts said. "The correction should prove temporary, lasting a few months."
The Reserve Bank of India has kept the reserve ratio at a three-year low of 5 percent since January and the key repurchase rate at a record low of 4.75 percent since April. The central bank, which cut the reserve ratio four times and borrowing costs six times since early October 2008, signaled on Aug. 27 it may need to start tightening policy to ward off inflation.
Benchmark 10-year bond yields increased by a record 2.17 percentage points this year, even as wholesale-prices inflation turned to a negative 1.7 percent at the start of August, from about 6 percent at the end of 2008.
"Even without any change in policy rates or reserve rates, the Reserve Bank of India's lesser liquidity support to the bond market will repeatedly create pressure on bond yields as headline inflation continues to soar," the analysts wrote. "If historic volatility in long bond yields is any guide, a 150 basis-point further increase in yield is a possibility leading to repeated pressure on equity markets."
To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net
Sept. 3 (Bloomberg) -- India's benchmark Bombay Stock Exchange Sensitive Index may fall to 13,000 by January amid concern that inflation will accelerate, according to Credit Suisse Group AG.
Wholesale-price inflation may accelerate to more than 5 percent by March while consumer prices are expected to post further gains, analysts Nilesh Jasani and Arya Sen said in a report today. Investors should reduce their holdings of banks, real-estate developers and makers of automobiles and capital goods in their so-called short-term portfolios, they added.
Credit Suisse's forecast represents a 16 percent decline in the Sensex. The gauge fell 0.5 percent to 15,467.46 yesterday, trimming its gains this year to 60 percent.
"We expect equity markets to come under repeated pressure from the inflation-related developments," the analysts said. "The correction should prove temporary, lasting a few months."
The Reserve Bank of India has kept the reserve ratio at a three-year low of 5 percent since January and the key repurchase rate at a record low of 4.75 percent since April. The central bank, which cut the reserve ratio four times and borrowing costs six times since early October 2008, signaled on Aug. 27 it may need to start tightening policy to ward off inflation.
Benchmark 10-year bond yields increased by a record 2.17 percentage points this year, even as wholesale-prices inflation turned to a negative 1.7 percent at the start of August, from about 6 percent at the end of 2008.
"Even without any change in policy rates or reserve rates, the Reserve Bank of India's lesser liquidity support to the bond market will repeatedly create pressure on bond yields as headline inflation continues to soar," the analysts wrote. "If historic volatility in long bond yields is any guide, a 150 basis-point further increase in yield is a possibility leading to repeated pressure on equity markets."
To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net
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Wednesday, September 2, 2009
caution
ALL BUYING SHOULD BE WITH CAUTION AND FOR POSITION BUILDING AND NOT FOR INTRA DAY TRADE. MARKET MAY SLIP SHARPLY AFTER 11AM OR SO.
Global markets
02/09/09:Glbl Mkt @9AM
Dow(C):9310(-1.9%)
Nasdaq(C):1968(-1.9%)
Nikkei:10378(-1.4%)
HangSang: 19580(-1.4%)
SGXNifty:4576(-0.8%)
Dow(C):9310(-1.9%)
Nasdaq(C):1968(-1.9%)
Nikkei:10378(-1.4%)
HangSang: 19580(-1.4%)
SGXNifty:4576(-0.8%)
Good Morning
Image by Fr Antunes via Flickr
Welcome Mr. Jacob to the Fan club. Good rainy morning to you all.
Morning does not look good on our market today. More pain is still to come. Downside of minimum 800 points on sensex in this week is expected. However, traders need not panic but remain stock specific. Trading range has been narrowed down so market will bounce back also quickly. All buys recommendation yesterday can be entered at lower levels.
More on opening bell,
Regards,
Jagruti.
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Tuesday, September 1, 2009
U.S. Stocks Drop
U.S. Stocks Drop as Slump in Financials Offsets Economy Data
Sept. 1 (Bloomberg) -- U.S. stocks fell, led by financial shares, as concern the recent rally in equities outpaced the outlook for earnings overshadowed data on manufacturing and pending home sales that topped economists' estimates.
American International Group Inc. tumbled 15 percent and MetLife Inc. declined 4.8 percent after analysts said the insurers' shares have risen too far, too fast. Marshall & Ilsley Corp. and SunTrust Banks Inc. led declines in 23 of 24 companies in the KBW Bank Index.
"The future for the banks is not as muddy as it was two quarters ago, but it's still not clear," said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. "The market can't sustain these huge moves."
The Standard & Poor's 500 Index lost 1.1 percent to 1,009.02 at 11:22 a.m. in New York. The Dow Jones Industrial Average decreased 110.79 points, or 1.2 percent, to 9,385.49.
Benchmark indexes rose earlier after the Institute for Supply Management said factories expanded in August for the first time in 19 months and the National Association of Realtors said contracts to buy pending homes increased more than forecast in July.
U.S. stocks have fallen for three straight days on growing concern the rebound in equities may have gotten ahead of the prospects for a recovery from the first global recession since World War II.
A 52 percent jump in the S&P 500 since March 9 left the equity benchmark valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004. The 50 percent rally in Europe's Dow Jones Stoxx 600 Index over the same period drove the average price- earnings valuation for its companies to the highest level since 2003.
Bearish Bets
Paul Tudor Jones's Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.
The S&P 500 added 3.4 percent in August for a sixth straight monthly advance, the longest stretch of gains since January 2007, as reports from consumer confidence to home sales signaled an economic recovery. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.
Valuations for U.S. stocks look "marginally stretched" compared with other developed markets, Credit Suisse said in a research report. Strategist Andrew Garthwaite predicted American equities will underperform when the Institute for Supply Management's manufacturing index is above 50 and rising.
To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net .
Sept. 1 (Bloomberg) -- U.S. stocks fell, led by financial shares, as concern the recent rally in equities outpaced the outlook for earnings overshadowed data on manufacturing and pending home sales that topped economists' estimates.
American International Group Inc. tumbled 15 percent and MetLife Inc. declined 4.8 percent after analysts said the insurers' shares have risen too far, too fast. Marshall & Ilsley Corp. and SunTrust Banks Inc. led declines in 23 of 24 companies in the KBW Bank Index.
"The future for the banks is not as muddy as it was two quarters ago, but it's still not clear," said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. "The market can't sustain these huge moves."
The Standard & Poor's 500 Index lost 1.1 percent to 1,009.02 at 11:22 a.m. in New York. The Dow Jones Industrial Average decreased 110.79 points, or 1.2 percent, to 9,385.49.
Benchmark indexes rose earlier after the Institute for Supply Management said factories expanded in August for the first time in 19 months and the National Association of Realtors said contracts to buy pending homes increased more than forecast in July.
U.S. stocks have fallen for three straight days on growing concern the rebound in equities may have gotten ahead of the prospects for a recovery from the first global recession since World War II.
A 52 percent jump in the S&P 500 since March 9 left the equity benchmark valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004. The 50 percent rally in Europe's Dow Jones Stoxx 600 Index over the same period drove the average price- earnings valuation for its companies to the highest level since 2003.
Bearish Bets
Paul Tudor Jones's Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.
The S&P 500 added 3.4 percent in August for a sixth straight monthly advance, the longest stretch of gains since January 2007, as reports from consumer confidence to home sales signaled an economic recovery. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.
Valuations for U.S. stocks look "marginally stretched" compared with other developed markets, Credit Suisse said in a research report. Strategist Andrew Garthwaite predicted American equities will underperform when the Institute for Supply Management's manufacturing index is above 50 and rising.
To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net .
Global markets
01/09/09:Glbl Mkt @9AM
Dow(C):9496(-0.5%)
Nasdaq(C):2009(-0.9%)
Nikkei:10453(-0.3%)
HangSang: 19921(+1%)
SGXNifty:4689(+0.4%)
Dow(C):9496(-0.5%)
Nasdaq(C):2009(-0.9%)
Nikkei:10453(-0.3%)
HangSang: 19921(+1%)
SGXNifty:4689(+0.4%)
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