OTCStockExchange. Recycling It's Way To Profits

AMPW continues to make impressive gains. The stock hit a high
of $2.14 today for a price gain of 56% so far.

After resting for a couple days IPRC is back up just under it's
high of $1. The stock closed strong today so keep an eye on it.
IPRC is up 62% since our alert.

Congratulations to those that have already booked profits with
those alerts.

Remember, in the OTC markets what goes up usually comes down and
it's almost always twice as fast as it went up. That's why stops
are so important. Use them to protect your gains.

Let's keep the profits rolling with this next alert.

Our new alert is Endeavor Power Corp., EDVP, and the stock closed
today at 20 cents.

Please begin your research here endeavormetals and
here yahoofinance

Here are a few facts to get you started.

EDVP is a top-tier, end-to-end e-waste management solution in
electronic asset recovery and e-waste recycling.

You just can't throw your old computers, copiers, printers fax
machines into the trash anymore. Waste disposal companies will not
take them anymore.

EDVP takes end-of-life electronics from customers and recovers
value from them through resale or through recycling, using
environmentally friendly methods.

EDVP has established relationships with select computer and
electronics recycling operations that are contracted with
nationally-known retail chains.

In a fragmented market crowded with small, unsophisticated
operations, EDVP is a trusted and respected resource.

EDVP asset recovery assists companies by turning surplus or
outdated equipment into cash.

EDVP also locates commercial buyers, helping clients by negotiating
prices and disposing of the equipment as part of EDVP's consignment
services.

EDVP recently announced the launch of its Endeavor Metals Division.
The division focuses specifically on building a profit center from
asset recovery of industrial precious and scrap metals.

EDVP also announced it is offering a new industrial asset recovery
service for large corporate and government clients.

EDVP's full-scale liquidation services are designed to assist its
clients with the increasing need for industrial asset recovery due
to downsizing, sales, bankruptcies, and plant closings.

This service was developed in response to overwhelming demand from
these large entities.

EDVP has been beat up lately but looks to have found support here
in the 19/20 cent area for the last couple weeks.

EDVP may be ready for a bounce from this area.

EDVP was 40 cents a few weeks ago and almost 60 cents a month ago.

If EDVP gets back near it's December high that would be almost a
200% price gain from here.

Get ready to book your profits with EDVP.

Market Crack

Consistent downtrend in financial, capital goods and auto was hammering markets since morning and sent the benchmark Nifty below 5,550 level at 12:21 hours. Heavyweight Reliance Industries too dampened the sentiment further with loss of nearly 1.9%.

Dilip Bhat of Prabhudas Lilladher warned, “It is not impossible to imagine that 5,400-5,500 may happen before the budget. Possibly, even after the budget we may still find those levels continuing right up to the end of March or middle of April.”

The markets have been factoring in likely slowdown in growth, which would impact on earnings of companies going forward. Rising inflation due to supply problem and uptrend in commodities prices in international markets was the cause of concern. Foreign investors have been pulling out money from Indian equities; they were net sellers of around Rs 5,000 crore so far in year 2011. While announcing key rates hike on Tuesday, even RBI hinted that if western region shows growth in their economy then FIIs would start pulling out money from India.

According to Bhat, the markets have little downward bias because there are not enough FII supports looking possible as we run into the budget.

The 30-share BSE Sensex was trading at 18,458, with a loss of 226 points and the 50-share NSE Nifty plunged 75 points to 5,528. However, the Nifty February futures were trading at 24 points premium on first day.

Breadth was pathetic; about 11.4 shares were declined as against one share advanced on National Stock Exchange. The broader indices slipped more than the benchmarks - the BSE Midcap and Smallcap indices tanked 2.9% each.

Nifty Bleed

Indian equities were bleeding for third consecutive session today, pulling down by capital goods, realty, auto, cement, Anil Dhirubhai Ambani Group, power, metal, financial and healthcare companies' shares. Heavyweight Reliance Industries too was under pressure at 11:05 hours.

The Nifty was consistently trading below the 5600-mark on first day of February series, which even tested 5550 level. Gautam Shah of JM Financial warns that Nifty may slip to 5430 and Sensex to 18000 level.

Foreign money outflow could be the reason behind this sell-off, citing reasons like inflation worries and likely slowdown in growth. FIIs were net sellers to the tune of Rs 1,651.41 crore and DIIs were net sellers of Rs 255.59 crore in equities on Thursday, as per provisional data available on NSE.

Shah said that the Nifty breaching below 5630 mark is not at all healthy. “It had shown first sign of weakness below 6040,” he reiterated. According to him, oil & gas index may lose 5-10% from current levels. The auto stocks also have got thumbs down from Shah as he thinks it might see 15-20% downside.

The 30-share BSE Sensex was trading at 18,514, down 170 points and the 50-share NSE Nifty fell 56 points to 5,547. Broader indices fell the most compared to benchmarks - BSE Midcap and Smallcap indices slipped 2.3% each.

Among largecaps, M&M, Tata Motors, Jaiprakash Associates (ahead of earnings today), DLF, BHEL, Reliance Capital and ACC were down 3.6-4.6%.

However, Bharti Airtel, ONGC (ahead of earnings today, CNBC-TV18 is expecting net profit at Rs 5,915 crore, up 9.8% (QoQ) and 93.7% (YoY)), Infosys, HUL and HDFC Bank gained 1.4-1.8%. ITC, Wipro and Sesa Goa were other gainers.

SBI, Reliance Industries, Tata Coffee, Tata Steel, Tata Motors, Infosys and HDFC Bank were most active shares on exchanges.

In midcap space, Money Matters, KGN Industries, Deccan Chronicle, Andhra Bank and Shriram City rallied 1-5% while Shree Global, Blue Star, JSW Holdings, Ruchi Soya and IVRCL Infrastructure fell 6-14.5%.

In smallcap space, Simplex Project, Can Fin Homes, Hinduja Foundries, Prabhav Industries and Newtime Infra went up 5-8% whereas Camlin, Shasun Chemical, Aqua Logistics, Artson Eng and SREI Infra lost 7-16.5%.

Nifty tests 5650

Indian equities continued the sell-off for second consecutive day in a choppy trade. The Nifty has tested 5650 level in afternoon trade. Oil & gas, realty and metal companies' shares were adding fuel to fire. Bharti, Infosys, BHEL, Wipro, M&M, HUL, HDFC and ICICI Bank too were adding pressure on benchmarks.

Veteran technical chartist Louise Yamada of Louise Yamada Technical Research Advisors said Nifty can see a pullback to 5500 if it remains below 5700. Meanwhile, she sees short-term support for Sensex at 19,000. “Sensex and Nifty should see sideways movement ahead,” she adds.

However, consistent buying in TCS, SBI, Tata Motors, ITC, Bajaj Auto, L&T, Hindalco, Ambuja Cements, ACC, Power Grid and Sesa Goa was supporting the markets and was trying to limit losses to some extent.

The 30-share BSE Sensex was trading at 18,819, down 150 points and the 50-share NSE Nifty fell 44 points 5,643. European markets too were down in opening trade.

January series is due for expiry today. Total traded turnover was more than Rs 89,000 crore, including Rs 82,588 crore from F&O segment.

Among frontliners, M&M, Sterlite Industries, DLF, HUL, Wipro and GAIL were trading with loss of 2.3-4%. However, Tata Motors, Jaiprakash Associates, Bajaj Auto, ITC, SBI and Sesa Goa were up 0.4-1.4%.

In midcap space, Atlas Copco jumped 13% to Rs 2,114 as company revised delisting floor price to Rs 2,250/share.

IBN18 Broadcast shot up 8.80% on strong quarterly numbers. It has reported a profit of Rs 20 crore in December quarter as against loss of Rs 13 crore in previous quarter. Network 18 too gained 5.97% as it has posted consolidated net profit of Rs 79 crore as against loss of Rs 36 crore on quarter-on-quarter basis.

Money Matters and Core Projects rose 4.6-5% while Jyothy Labs, Blue Star, Sanwaria Agro, BOC India and Kalpataru Power lost 4.6-11%.

Tight Range in Nifty

The Nifty was trading in a tight range of 5662-5690 since early trade today at 12:06 hours, with a negative bias and was extremely volatile as well. Even the market breadth was mixed; about 600 shares advanced as against 650 shares declined on National Stock Exchange.

Derivative contracts expiry is due today, which was the reason behind today's choppy trade. The Nifty February futures were trading at 16 points premium. F&O turnover would be high because of F&O expiry. Total traded turnover was more than Rs 75,500 crore, including Rs 69,529 crore from F&O segment.

Bharti, Infosys, Sterlite, Wipro, BHEL, HDFC, JSPL, HUL, Maruti and ICICI Bank were putting pressure on markets. Healthcare and realty companies too were witnessing sell-off.

However, TCS, SBI, Tata Motors, ITC, NTPC, Reliance Industries, Bajaj Auto, L&T, ONGC, HDFC Bank, ACC, Hindalco and Reliance Infrastructure were consistently supporting the benchmarks.

The 30-share BSE Sensex fell 65 points to 18,904 and the 50-share NSE Nifty slipped just 19 points to 5,668.