24 January 2011

Sensex over 100 points

At 15:00- Sensex volatility was still a small holding gains 100 points, the Reserve Bank to meet the quarter prior to policy support led by financial stocks. Giants like ONGC, BHEL, NTPC and Infosys metals, real estate, cement and metal companies, other major winners were selected stocks followed.

However, Anil Dhirubhai Ambani Group, the private sector, power and telecom stocks, Reliance Industries, Wipro, TCS, SAIL, Hindalco experience, Sesa Goa, Cipla and Bajaj Auto were together with the selling pressure.

19138-131 share BSE Sensex is trading at 30 points and 50-5740 share Nifty was up 44 points.

Big hat SBI, ONGC, Tata Steel, BHEL, HDFC Bank and Axis 2.5 to 4% increased. However, Wipro, Reliance Industries, Reliance Communications, Cipla, Reliance Infrastructure and Sesa Goa slipped 1.5-2.5%.

SBI, ICICI Bank, KSK Energy Ventures, LIC Housing Finance, Reliance Industries, Axis Bank and Tata Steel shares were the most active markets.

Midcap space, from 7.5 to 10% Monnet Steel, Core Projects, Prestige Estate, National Fertilizer and KSK Energy Ventures and collected Sunteck Realty, KGN Industries, Jyothi Labs, Gujarat NRE Coke and Radico 2.7 Khaitan fell to 5, 5 %.

Small cap space, TTK Prestige, Odyssey Financial, TTK Healthcare, Hawkins Cookers and Cambridge Solutions Kennametal, Modern India, 11-20% jump during the premiere, from 5 to 9.5% Madhucon projects and Rossell Tea lost.

Nifty hits 5750

11:53 Financial, Capital goods buy suit, covering consumer goods, metal and car industry giants ONGC and NTPC 5750 the upward trend, former Reserve Bank quarterly policy may be one reason for last move above small scale with benchmark Nifty "stock decline.


Ambareesh Baliga of Karvy Stock Broking says, though he sees a chance for a pullback rally, but he will not be enough. "We can look back for a 60-70 score to beat, but not much, only to fight back would mean," he says.

"With each higher level, we see sales coming in FII are clearly a party, a trader in the market, so that back I really do not see the fight lasting more than 60-70 points" they points.

However, upside limited by Anil Dhirubhai Ambani Group to sell and telecoms stocks, Reliance Industries, Wipro, Tata Power, Dr Reddy's Laboratories and the cell together.

19175-167 share BSE Sensex is trading at 30 points and 50-5749 share Nifty was up 52 points. The broader indices were following the same trend, the BSE Midcap and Smallcap indices were 0.8% each.

In front liners, 2 to 4.4% of SBI, HDFC, ICICI Bank, Tata Steel, BHEL and Axis Bank collected. However, Wipro, Reliance Industries, Reliance Communications, Reliance Infrastructure, Tata Power and Siemens were 0.7 to 2%.

Midcap space, 5-10% Monnet Steel, KSK Energy Ventures, sanwaria Agro, Wockhardt and money matters, collect KGN Industries, Kirloskar Oil, Gujarat NRE Coke, the Polaris 2 was down to 4.4% and Parsvnath.

Small cap space, the Odyssey, Finance MSP Steel, Shristi Infra, Indiabulls Securities and Cambridge Solutions Kennametal 8-16% during jumped Surana Inds, Rossell Tea, Hindustan media spectacle and 5 to 9.5% of information is lost.

22 January 2011

Oil heads for 2% weekly drop

More than 2% of oil on Friday was on track for weekly decline, its lowest level in ten days for all categories of the business and demand from China's tightening monetary policy to keep in stock on speculation the U.S. will increase

Brent crude in March, 4 cents higher to 96.62 dollars a barrel U.S. on Thursday after touching $ 95.43, the lowest intraday price since Crawl 11th January A week ago, before U.S. $ 99.20 month contract, touched its highest level since 2008. 


Consumers International Energy Agency (IEA), represented by the global economic recovery, rising crude oil prices have raised concerns about the potential impact, for the Petroleum Countries (OPEC) production to increase pressure on the organization strengthened. 


 "A rapid transition to identify the performance of a three-digit price, we do not negatively affect the mood and slightly cautious inventory purchases and management related to the soft sound, now we can add in the near future expect to generate are ", said JP Morgan analyst Lawrence Eagles lead. 

"OPEC production to get there on a Monday morning office is an increasing risk increases dramatically" the bank said: "We believe that the time for investors to reduce mercury exposure and get some benefits. 


U.S. benchmark crude West Texas Intermediate (WTI) premium against Brent was at $ 6.99 to close Thursday, compared to $ 8.24 a week ago, the biggest since February 2009.
U.S. crude oil inventory of 2.62 million barrels in the week ended rose 14 U.S. Energy Information Administration data from the 400,000 barrel drawdown in gasoline and distillates stocks for January defying the predictions than expected showed up, 4.4 and 1 million barrels respectively. 


In seven weeks, investors worried the first floor, down the list to be quite Trans Alaska pipeline shutdown was due to the dissolution of the domestic production expected to make.
U.S. crude oil production from the path normally ships 12% and has been in operation again on Monday also resume maker, later revealed as a bypass to repair a crack to avoid January 8. Around 630,000 barrels per day to do this to the normal rate was expected to ramp up next week. 


China's GDP forecast for the fourth quarter rose to leadership and raised concerns that the rising growth, inflation. Investors worry that a hard landing in China in 2011 all the steps to lead the market growth may slow. 


U.S. crude for March 9 cents to $ 89.71 on Friday added more than 1.8% in the week. February contract on Thursday, billing at $ 88.86 expired.

Recommendations This Week - January 24 - January 28, 2011

Company Recommendation CMP (Rs.) Target Price (Rs.) Stop Loss (Rs.)
ORCCHE Buy 320.3 346.0 305.0
DENBAN Buy 109.0 118.5 103.8
OILNAT Feb Futures Short 1115.6 1030.0 1170.0
NOTE : this are just our technical views on market & stocks we don't recommend any kind of buy or sell call from this to our readers & viewers.

21 January 2011

Struggling Nifty at 5700

10:45: Equity in extremely volatile trading in narrow bandwidth used with a negative bias. Technology, health care, were FMCG, metal and private financial stocks down Bharti Airtel, ONGC and Maruti drag with the market.

sensex,midcap
50 share BSE Sensex and NSE Nifty 30 stocks much above 5,700 and 19,000 steps each of the back was hard. Respective Index were down 25 points and 88 points to 5,687 and 18,957 88.

Gautam Shah of JM Financial support for the Sensex 18700 and 5600 Nifty will provide "the market is still about 200 DMA, which once broken can trigger trade unwinding is forced up."

However, Reliance Industries, BHEL, SBI, NTPC and support for markets like the weight was heavy. Anil Dhirubhai Ambani group company shares were very good.

Wipro its Q3FY11 numbers after a 3.6% decline were the major losers. Q3 3.4% on the net Rs 1319 crore and dollar denominated global IT revenues by $ 1.34 billion gain 5.6% (QoQ), which were increased in line with estimates. Suresh Vaswani and Girish Paranjpe as joint CEOs came. T Kurien, Wipro now be the new CEO. Pressure in other technology stocks - Infosys and HCL Tech up 1.5% was up 0.8%. TCS was flat.

Next Q3FY11 results today, slipped by 0.7% ITC, the Reliance Industries, BHEL and PNB gained 1.5% 1.25.

frontliners HDFC, Sterlite Industries, Bharti Airtel and Jindal Steel were down 1.3 to 1.9%.

While Reliance Communications gained, M & M, Reliance Infrastructure, Bajaj Auto, Sesa Goa, Reliance Power and PNB from 1.2 to 1.8%.

Midcap space, from 3.4 to 8% BOC India, KGN Industries, Peninsula Land, Alok Industries and Dish TV India, collected continuously while, Kirloskar Brothers, Marico says Shiv Jyoti Labs and lost
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