Chat Calls of 29.02.2008

Harsha(2/29/2008 9:43:29 AM): Gud Morning Everybody..... All The Best For Trading.....

Harsha(2/29/2008 9:47:45 AM): Compared to all global indices, Brazil is the only country whose index is strongest so far. It fell on 7th Dec from 66529 to 53011 on 23rd Jan and is back to 65968 on 27th Feb, just 561 points i.e. 1% below its all time high.

Harsha(2/29/2008 9:50:34 AM): Calls will be updated after 10.15 AM......

Harsha(2/29/2008 9:57:37 AM): Buy TVS motors abv 43.30 T1 45.50 T2 46.70 SL 42.2

Harsha(2/29/2008 9:59:16 AM): Buy Small Qty of Aries around 183 / 185... Hold it for 2 days......

Harsha(2/29/2008 10:08:18 AM): Aries Non Stop.... Buy call Given at 183 / 185..... CMP 190.90.... raise ur SL abv ur buy price......

Harsha(2/29/2008 10:18:37 AM): Today is the last trading day of this month.....so don’t take any risk...Trade in cash don’t play in margin money, don’t carry over any positions...unless i inform u to carry ur positions.... Keep booking profits..... even small profits counts.... we can have a fresh start from Monday.....

Harsha(2/29/2008 11:43:30 AM): Take early weekend off...... dont trade much..... take a fresh start from Monday..... if i see any good momentum calls ... i will pass....till then u can enjoy in chat forum....

Harsha(2/29/2008 12:01:31 PM): I have informed everybody to exit ur positions .... before 27th of Feb... see what’s happening..... Those who have not exited ... God Save Them......

Harsha(2/29/2008 12:25:58 PM): Buy Small Qty of Krishna Lifestyle Technologies Ltd.... CMP 2.52.... and hold it for short term.... accumulate on dips... tgt will be updated....

Harsha(2/29/2008 1:13:29 PM): Inflation rate has increased to 4.89% from 4.35%

Harsha(2/29/2008 1:20:10 PM): no more updates from msngr.... Day is over.... u can join me in chat forum.......

The Outlook for the Economy and Global Markets

Jennifer Schonberger sat down with Donald H. Straszheim, vice chairman of Roth Capital, to talk about the outlook for the economy. Straszheim served as chief economist at Merrill Lynch for 12 years and also served as president of the Milken Institute. He is an expert on China and global emerging markets.

Q: What is your take on the subject of decoupling? Is the link between world economies — globalization — causing complications for investors who are looking to park their money in appreciating markets?

A: Decoupling is preposterous. Increasingly the economy is becoming global. Market activity is becoming increasingly integrated.

Investors increasingly think and behave globally, not locally. The idea that the economies were decoupled five to 20 years ago makes some sense, but not anymore. The current recession in the United State — I think we're in a recession now — is the first time economic activity outside China, for example, is going to have a real impact inside China and accordingly on its markets. The decline in the economy now is transmitted more and more around the world and the equity markets are down in most places. China is down 20% from its peak a few months ago, India is down a similar amount, just like here.

Q: What is your outlook for China's markets?

A: As long as the turmoil continues in the U.S. credit markets, China's markets will struggle. I cannot imagine China's market really taking off as long as the credit market questions in America and Europe and in the global financial institutions remain front and center.

Q: The Federal Reserve slashed the fed funds rate by 125 basis points in total in January and 225 basis points since September. Do you think the rate cuts will be meaningful for this credit crunch if banks are more risk averse and more concentrated on cleaning up their balance sheets?

A: The rate cuts will help. They're part of the repair process. They're also not over. I think the Fed will keep cutting rates and I think they'll cut another 50 basis points at the next FOMC meeting — perhaps more than that.

Q: How low do you think the Fed will cut rates?

A: I would not be at all surprised to see 2.5%, maybe even as low as 2%. One of the things that worries me is that we will take rates so low and leave them there too long as I believe we did in the aftermath of 9/11, and the 2001 and 2002 recession.


Q: With oil and food prices surging, import prices were up as of last week, slowing economic growth and lower interest rates. Do you think stagflation may reveal itself as a threat?

A: Not really. We won't see stagflation like we had in the late 70s and early 80s. Stagflation [at that time] was no growth and 10% inflation — nothing like that is in the cards, even with $100 oil and high commodity prices.

Q: What are the top growth countries you would invest in?

A: China and India are by far the biggest current and potential drivers of economic growth and change in the world for the next quarter century. Those two countries alone are a third of the world's population. Technology is increasingly transportable around the world. Communications are instantaneous. China began periods of economic reform in 1978 to replace their old command and control economy with, in part, a market economy. China has experienced the fastest economic growth in the history of the world in the last quarter century and the people want this to continue and the government wants it to continue. That lesson has been finally learned in the last 10 years or so by India. India started their economic reform in 1991, China did in 1978. They're about 10 years to 15 years behind. But the Indian people are smart and entrepreneurial when the government stays out of the way.

There are other smaller countries such as Vietnam that are also wonderful growth opportunities, but Vietnam has 85 million people in it, it's the size of one average province in China.

Japan is over. Japan is past its prime. It has the oldest pop in the world by far. It's a very closed economy and society and it's not really a source of innovation and growth. Very little foreign capital flows into Japan and a lot of domestic capital continues to flow out. Japan is last century.

Q: Do you think China's government will increase or decrease rates going forward?

A: The weakness in the United States, Europe and Japan that is now developing is probably going to reduce China's growth rate in 2008 by three percentage points and leave China with the slowest growth rate its had since 2001. That will create a different landscape in China than we have seen in the last decade or so. As of right now, China is still concerned about their economy growing too fast and about inflation being too high and they are allowing their currency to appreciate quite rapidly. That's going to end in the next few months. They have been raising interest rates and that's going to end too. Their concern is going to change from concern that the economy is too hot to concern that the economy is too cold. They'll stop the currency appreciation and interest rate hikes and that will be different. It will be something Wall Street is not accustomed to, nor the Chinese.

Q: What are your thoughts on the dollar? The dollar's recent resilience to weak U.S. data suggests markets may have fully priced in expectations of a struggling U.S. economy. Against the euro, do you think the dollar has bottomed out?

A: The dollar has depreciated a long way. But I'm not convinced that the decline is yet over. The fundamental forces that are driving the dollar weakness I don't believe have yet ended. I think you'll see the dollar erratically fall some more. There will be rallies, it may become more volatile, but I don't think we've quite yet reached the bottom.

Until we get the credit crisis behind us I think we will have continued volatility in all markets. I think you'll see continued weakness in the dollar.

Chat Calls of 28.02.2008

28 Feb 08, 09:45
Harsha Vardhan: Gud Morning Everybody..... All The Best For Trading......

28 Feb 08, 09:45
Harsha Vardhan: Calls will be Updated after 10.15 AM........

28 Feb 08, 09:58
Harsha Vardhan: Buy Punj LLyod abv 394 T1 401 T2 406 SL 389

28 Feb 08, 09:58
Harsha Vardhan: Buy Small qty of HDIL CMP 860

28 Feb 08, 10:07
Harsha Vardhan: Positional Call Buy ABAN on every decline CMP 4030.... tgt 4300 + in 4 to 5 days

28 Feb 08, 10:10
Harsha Vardhan: One should be very careful while trading today...... trade for small profits....or Just Avoid Trading......

28 Feb 08, 10:17
Harsha Vardhan: Buy call for Aban given at 4030..... CMP 4079...... Raise ur Sl abv ur buy price and hold it for 4 to 5 days....or u can book profits of Rs 50....

28 Feb 08, 10:27
Harsha Vardhan: Aban Non Stop Buy call Given at 4030 CMP 4120...... Book little profits........

28 Feb 08, 10:40
Harsha Vardhan: HDIL Non Stop..... Buy call Given at 860..... CMP 872..... Book Partial profits.... Raise ur Sl to 865

28 Feb 08, 11:08
Harsha Vardhan: Short Sell SBI below 2053 T1 2032 T2 2015 SL 2066

28 Feb 08, 11:50
Harsha Vardhan: Sbi is slowly heading towards T1 .... Short sell call given at 2053..... CMP 2035.... Keep booking profits....

28 Feb 08, 11:54
Harsha Vardhan: Short call Sbi has achieved T1 Book Partial Profits......

28 Feb 08, 12:25
Harsha Vardhan: Buy ONGC abv 1050 T1 1064 T2 1073 SL 1045

28 Feb 08, 12:26
Harsha Vardhan: Correction: Buy ONGC abv 1052* T1 1064 T2 1073 SL 1045

28 Feb 08, 14:18
Harsha Vardhan: Sbi is decling towards T2..... Start booking profits.......CMP 2021

28 Feb 08, 14:20
Harsha Vardhan: Aban Started moving again.... Buy call Given at 4030 ... CMP 4143.....

28 Feb 08, 14:22
Harsha Vardhan: Sbi achieved T2 also.... Book Fulll profits..... (Short Sell SBI below 2053 T1 2032 T2 2015 SL 2066)

28 Feb 08, 14:33
Harsha Vardhan: Aban gave a profit of rs 100 +... Book 50% of your Holdings.....

28 Feb 08, 14:35
Harsha Vardhan: If any short is left in Sbi cover ur shorts.... Short Sell call given at 2053 .... profit of rs 38 +.....

28 Feb 08, 14:36
Harsha Vardhan: Hdil gave A Profit fo Rs 13 ... Buy call Given at 860 and exit call at 873.....

28 Feb 08, 14:37
Harsha Vardhan: ONGC call has not entered the call.... so stands cancelled ....

28 Feb 08, 14:38
Harsha Vardhan: Hold Punj Lloyd.....

28 Feb 08, 15:13
Harsha Vardhan: Punj Lloyd started moving...... its abv Buy price.... heading towards T1....... Keep booking Profits........

28 Feb 08, 15:15
Harsha Vardhan: Punj lloyd achieved T1.... Just short of 10 paise.... Book Partial Profits......

28 Feb 08, 15:24
Harsha Vardhan: in last min Run will Punj lloyd touch T2...... ?????

28 Feb 08, 15:26
Harsha Vardhan: Punj Lloyd ..... short Rs 1 ....to touch T2......if anybody holding book full profits.....

28 Feb 08, 15:31
Harsha Vardhan: okies… hope u have made gud profits....... Enjoy the evening......

Botttom Note:

So if u think, you are a long term investor take due care to buy a scrip, dont allow the short term fluctuations rule your decisions. If you have conviction and confident on a company, buy it, hold it, if comes down accumulate it, Be patient to reap the whole benefits.

Msg By Mr jawahar das

Latest Updates

Britain's FTSE 100 .FTSE index is seen opening
about 0.5 percent lower on Thursday, according to financial bookmakers, as a
falling dollar added to concerns over the health of the U.S. economy.

European shares were set to open lower on
Thursday as investors prepared to digest a heavy breakfast of corporate results
against a backdrop of a shaky U.S. economy and a weak dollar.

Bookmakers expected London's FTSE 100 .FTSE to open 27 to 30 points lower,
Germany's DAX .GDAXI down 23 to 29 points and France's CAC .FCHI down 33 to
39 points. European shares ended Wednesday lower but are up 2 percent this month
with two sessions to go.

A heavy corporate earnings calendar featured updates from companies ranging
from Royal Bank of Scotland (RBS.L: Quote, Profile, Research) to Deutsche Telekom (DTEGn.DE: Quote, Profile, Research) and Bayer
(BAYG.DE: Quote, Profile, Research).


Msg By Mr Kiran J AVR

Budget Expectations:

Automobile: Reduce excise duty on cars & utility vehicles Banking: Increase tax exemption on bank interest on depositsBanking: Permit banks to access overseas funds for higher limit, which is currently at 25 % of net worthIT: Continue tax incentives u/s 10A and 10B of IT Act for 10 years.Mining: Wishes to remove service tax on exploration related activities. It wants updated mining tax laws to avoid mismatch regarding pre mining costs deductions.Pharma & Healthcare industry wishes higher R & D expense exemption and reduction of excise duty from 16 % to 12 or 8 %.

Msg By Mr Jaydeep K

Strong Rollovers positions seen

ULTRACEMCO 88%
SKUMARSYNF 85%
BHARATFORG 84%
ABAN 81%
HINDALCO 81%
SUNPHARMA 81%
GTL 81%
INDIACEM 78%
JSTAINLESS 78%
CENTURYTEX 74%
SIEMENS 71%
GESHIP 70%

Msg By Mr Porus

Financial bookmakers in London expect

Financial bookmakers in London expect:

Britain's FTSE 100 .FTSE to gain between 16 and 17 points, or up to 0.3 percent,

Germany's DAX .GDAXI, to gain 12 to 17 points, or up to 0.2 percent, and

France's CAC-40 .FCHI to gain 14 to 19 points, or up to 0.4 percent.

Msg By Mr Kiran J

Chat Calls of 26.02.2008

Harsha(2/26/2008 10:27:33 AM): Update : Yesterdays Position Buy call ACC has Crossed T2 ... Book Little More Profits (Positional Buy Call: Buy ACC abv 801 T1 815 T2 839 T3 880)

Harsha(2/26/2008 10:33:36 AM): Buy Small Qty of NALCO 443 Tgt will be updated SL 440

Harsha(2/26/2008 10:38:08 AM): Naukari is Non Stop..... Crossed Revised Tgt also... Yesterday Buy call given at 972 ... CMP 1040 Book Full Profits...

Harsha(2/26/2008 10:45:16 AM): From Today Afternoon.... If u wish to trade trade in small Qtys for another 2 days.......and u will not see much movements in many of the stocks....

Harsha(2/26/2008 10:59:47 AM): Buy Small Qty Of Tulsi around 133/134 Tgt will be updated SL 131

Harsha(2/26/2008 11:13:51 AM): we regret before we could give call on the Gujnrecoke..... it has crossed the T1 and it shoot up from there.....

Harsha(2/26/2008 11:15:56 AM): Tulsi is on Move.........

Harsha(2/26/2008 11:17:51 AM): Tulsi is Rocking Again............

Harsha(2/26/2008 12:28:47 PM): Market is slowly Slipping .......

Harsha(2/26/2008 1:10:10 PM): Book Profit in Infosys today .. Positional Buy call Given at 1585 .... CMP 1645... Profit of rs 60...

Harsha(2/26/2008 1:12:42 PM): Tulsi ....again on move.....

Harsha(2/26/2008 1:36:11 PM): NALCO is on move....

Harsha(2/26/2008 1:41:06 PM): Book Partial profits in Tulsi.... Buy call Given at 133... CMP 143... Raise ur Sl to 139

Harsha(2/26/2008 1:45:07 PM): Dont carry any of your positions for tomorrow.... Just keep Booking Profits....

Harsha(2/26/2008 1:47:36 PM): If anybody Still Holding HCLTECH bought at 280.... Book Profits CMP.... 290

Harsha(2/26/2008 2:17:13 PM): Rel Cap achieved T1 Book Partial Profits.....

Harsha(2/26/2008 2:22:40 PM): Book Partial Profits in NALCO ... buy call given at 443 ... CMP 454.50...
Harsha(2/26/2008 2:32:15 PM): 15 days Back ... Buy call was given for REL to buy below 1500 and tgt given was 1700... Achieved Said tgt.... Book Full Profits.....

Harsha(2/26/2008 2:34:28 PM): NALCO is Rocking......Buy call Given at 443... CMP 459.90... Book Little more profits.....

Harsha(2/26/2008 2:38:37 PM): Nifty has Crossed our T1 .... Book Profits....

Harsha(2/26/2008 2:43:02 PM): After long Time ... Nifty is out of Discount......

Harsha(2/26/2008 2:57:03 PM): REL CAP Heading towards T2.... Book full profits.....

Harsha(2/26/2008 3:02:14 PM): Rel Cap ... Crossed T2.... Book Full Profits.....

Harsha(2/26/2008 3:04:07 PM): NTPC is not moving it is at Buy Price..... one can exit with out Loss or Profit....

Harsha(2/26/2008 3:15:01 PM): Book Full profits in NALCO,,,,,Buy Call Given at 443 CMP 463.. call over...

Harsha(2/26/2008 3:15:20 PM): oops what a jum in NALCO .... by the time i gave a profit booking call, it jumped to 472... Enjoy....the profits......

Some highlights of the Railway Minister's speech:

• Rs 68788 cr for 5 years cash surplus
• Dividend of Rs 88 rupees

There were lean season discounts offered

• Peak season attracted surcharges
• Railway fund Balance up at Rs 20,480 cr
• Railways adopted tariff to up market share revenue
• Apr-Dec freight loading revenue is up 8-10% at Rs 34,700 cr
• Railways will look at leveraging telecom boom for ticketing
• There will be an increase in ticketing counters to 15,000 in 2 years from the current 3,000 now

Revenue from passenger fares increased by 14%
FY09 freight loading seen at 790 MT vs 785 MT in FY08
FY08 rail operating ratio at 76.3%
Trials for mobile ticketing have already started
Railways to launch the Go-Mumbai Card/ Smart Card
Online information display in overnight trains of long distance
Rs 4000 cr to be spent on 36000 coaches for gerent toilets in next 5 year plan
Low maintenance and more comfortable stainless steel coaches to be introduced from 2010
To have online control of trains in 2 years
To link trains via software communication by 2009
New coaches in all Rajdhani trains by 2010-11
To start making steel coaches from FY09
Level of Platforms to be upgraded for passenger convenience
30 Bigger stations to have multi level parking system
50 large stations to have lifts / escalators- for convenience of senior citizens

• 33 million ton loading was done in the year
• Additional earnings of Rs 2000 cr on freight service
• To upgrade infrastructure in 7 years at Rs 75,000 cr
• 310 mn tonnes of additional freight loading in the next 3 yrs
• 75000 cr in next 7 yrs to further develop saturated transportation lines
• To up auto ticket sale machines to 6,000 in 2 years
• Plan to set up 20,000 km high density network
• FY08 coal freight loading seen at 336 MT

Msg By Mr Rajesh AVR

Chat Calls of 25.02.2008

25 Feb 08, 09:42
Harsha: Gud Morning Everybody.... All The Best For Trading.....

25 Feb 08, 09:43
Harsha: Buy Kalindee Rail abv 462.50 T1 466 T2 469 T3 474 SL 456

25 Feb 08, 09:43
Harsha: Buy HDIL abv 825 T1 834 T2 241 SL 820

25 Feb 08, 09:43
Harsha: Buy Radico Khaitan abv 107.80 T1 111.50 T2 114 SL 105

25 Feb 08, 09:43
Harsha: BUY PRITHVI INFO abv 274 T1 282 T2 288 SL 270

25 Feb 08, 09:59
Harsha: Buy Tulsi Extrusions Limited abv 103 ... Tgt will be updated Sl 99

25 Feb 08, 10:01
Harsha: Tulsi non stop............. buy call Given at 103 cmp 110.... Raise ur Sl abv the Buy Price....

25 Feb 08, 10:12
Harsha: Our positional Call OCL is rocking.....Buy call Given at 317/318 HOD 330.....Raise ur Sl abv ur Buy Price and Partial Profits....

25 Feb 08, 10:12
Harsha: Tulsi is also started moving......

25 Feb 08, 10:13
Harsha: HDIL crossed T1 Book Partial Profits......

25 Feb 08, 10:18
Harsha: Kalindee Rail opened high and on Upper freez....

25 Feb 08, 10:22
Harsha: Tulsi Non Stop.... Buy Call Given at 103..... CMP 117... Book Partial Profits.... and hold it......

25 Feb 08, 10:43
Harsha: Updates: RADICO is looking Strong ..... Prithivi has not entered the call... Kalindee Rail on upper freez... HDIL crossed T1 ..... Tulsi is still rocking...

25 Feb 08, 11:28
Harsha: Radico Achieved T1 book Partial profits.....

25 Feb 08, 11:39
Harsha: Buy Small Qty of Cipla abv 200 T1 204 T2 26.50 T3 209 SL 197

25 Feb 08, 12:23
Harsha: Correction : Buy Small Qty of Cipla abv 200 T1 204 T2 206.50* T3 209 SL 197

25 Feb 08, 12:42
Harsha: Risk Traders Buy Naukri abv 972.80 T1 981 T2 990 SL 965

25 Feb 08, 12:43
Harsha: Cipla is very Slow Moving Scrip one should have patience....or exit from it ......

25 Feb 08, 12:58
Harsha: My Tulsi Call is rocking Buy Call Given at 103...... Enjoy.....CMP 129.40

25 Feb 08, 13:20
Harsha: Update: (Harsha (2/25/2008 9:59:41 AM): Buy Tulsi Extrusions Limited abv 103 ... Tgt will be updated Sl 99) This was the call given in the morning... CMP 134.75.... Upby Rs 30+ Book 75% of ur Profits..and raise the SL to 128 ... and rest exit when u feel enough... enjoy...

25 Feb 08, 13:20
Harsha: Call over on Tulsi....

25 Feb 08, 13:27
Harsha: FTSC is expected to open +ve 40 points....

25 Feb 08, 14:14
Harsha: Naukri .. has crossed t1... Book Partial Profits... it heading slowly towards T2.......

25 Feb 08, 14:17
Harsha: Naukri Crossed T2 also.... Revised tgt 1005 ... Raise ur SL to 984

25 Feb 08, 14:33
Harsha: Some Problem in Msngr ..... i will relogin 5 min......

25 Feb 08, 15:04
Harsha: Positional Buy Call: Buy ACC abv 801 T1 815 T2 839 T3 880

25 Feb 08, 15:06
Harsha: ACC has crossed T1 .... Book Partial Profits.....

25 Feb 08, 15:11
Harsha: Cipla is Not Moving ..... Buy call given at 200..... CMP 202.50... Exit ... Book Profits....

25 Feb 08, 15:21
Harsha: Book Remaining Profits in Tulsi... Buy call Given at 103.... CMP 143.35

25 Feb 08, 15:40
Harsha: Hope u All Enjoyed my Calls ..... Bye Have A Nice Evening .....

FII Activity During February-2008

See if FIIs have been net buyers or net sellers in Equities as well as Debt. You can see the gross purchase as well as the gross sales for each day this month.





Post By Rajesh AVR

Sensex Calculation Methodology

For the premier Bombay Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai by paying a princely amount of Re 1.

Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market.

Sensex is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, Sensex is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies.
The base year of Sensex is 1978-79 and the base value is 100. The index is widely reported in both domestic and international markets through print as well as electronic media.

The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. All major index providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the Free-float methodology. (See below: Explanation with an example)

Due to is wide acceptance amongst the Indian investors; Sensex is regarded to be the pulse of the Indian stock market. As the oldest index in the country, it provides the time series data over a fairly long period of time (From 1979 onwards). Small wonder, the Sensex has over the years become one of the most prominent brands in the country.

The growth of equity markets in India has been phenomenal in the decade gone by. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. The Sensex captured all these events in the most judicial manner. One can identify the booms and busts of the Indian stock market through Sensex.

Sensex Calculation Methodology

Sensex is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization.

The base period of Sensex is 1978-79 and the base value is 100 index points. This is often indicated by the notation 1978-79=100. The calculation of Sensex involves dividing the Free-float market capitalization of 30 companies in the Index by a number called the Index Divisor.
The Divisor is the only link to the original base period value of the Sensex. It keeps the Index comparable over time and is the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrips etc. During market hours, prices of the index scrips, at which latest trades are executed, are used by the trading system to calculate Sensex every 15 seconds and disseminated in real time.

Dollex-30

BSE also calculates a dollar-linked version of Sensex and historical values of this index are available since its inception.

Understanding Free-float Methodology

Free-float Methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in Index. Free-float market capitalization is defined as that proportion of total shares issued by the company that are readily available for trading in the market.

It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a Free-float index is reduced to the extent of its readily available shares in the market.

In India, BSE pioneered the concept of Free-float by launching BSE TECk in July 2001 and Bankex in June 2003. While BSE TECk Index is a TMT benchmark, Bankex is positioned as a benchmark for the banking sector stocks. Sensex becomes the third index in India to be based on the globally accepted Free-float Methodology.
________________________________________
Example (provided by rediff.com reader Munish Oberoi):
Suppose the Index consists of only 2 stocks: Stock A and Stock B.
Suppose company A has 1,000 shares in total, of which 200 are held by the promoters, so that only 800 shares are available for trading to the general public. These 800 shares are the so-called 'free-floating' shares.
Similarly, company B has 2,000 shares in total, of which 1,000 are held by the promoters and the rest 1,000 are free-floating.
Now suppose the current market price of stock A is Rs 120. Thus, the 'total' market capitalisation of company A is Rs 120,000 (1,000 x 120), but its free-float market capitalisation is Rs 96,000 (800 x 120).
Similarly, suppose the current market price of stock B is Rs 200. The total market capitalisation of company B will thus be Rs 400,000 (2,000 x 200), but its free-float market cap is only Rs 200,000 (1,000 x 200).
So as of today the market capitalisation of the index (i.e. stocks A and B) is Rs 520,000 (Rs 120,000 + Rs 400,000); while the free-float market capitalisation of the index is Rs 296,000. (Rs 96,000 + Rs 200,000).
The year 1978-79 is considered the base year of the index with a value set to 100. What this means is that suppose at that time the market capitalisation of the stocks that comprised the index then was, say, 60,000 (remember at that time there may have been some other stocks in the index, not A and B, but that does not matter), then we assume that an index market cap of 60,000 is equal to an index-value of 100.
Thus the value of the index today is = 296,000 x 100/60,000 = 493.33
This is how the Sensex is calculated.
The factor 100/60000 is called index divisor.
________________________________________
The 30 Sensex stocks are:

ACC, Ambuja Cements, Bajaj Auto , BHEL, Bharti Airtel , Cipla, DLF, Grasim Industries , HDFC , HDFC Bank, Hindalco Industries ,Hindustan Lever, ICICI Bank, Infosys, ITC, Larsen & Toubro, Mahindra & Mahindra, Maruti Udyog, NTPC, ONGC, Ranbaxy Laboratories, Reliance Communications, Reliance Energy, Reliance Industries, Satyam Computer Services, State Bank of India, Tata Consultancy Services, Tata Motors, Tata Steel, and Wipro.


File Sent By Rajesh AVR

Chat Calls of 22.02.2008

22 Feb 08, 09:44
Harsha Vardhan: Gud Morning Everybody.... All The Best .....

22 Feb 08, 09:44
Harsha Vardhan: Positional Call Buy Infosys on declines T1 1680 T2 1710 T3 1735 SL 1580

22 Feb 08, 09:45
Harsha Vardhan: And Todays Watch List: Tata Steel, Rpower, Sail and Allcargo

22 Feb 08, 10:04
Harsha Vardhan: Buy Sail 235 T1 241 T2 244 SL 232

22 Feb 08, 10:14
Harsha Vardhan: Buy Small qty of Allcargo 815 T1 824 T2 832 SL 800

22 Feb 08, 10:19
Harsha Vardhan: Sail Achieved T1 Book Partial profits.......

22 Feb 08, 10:25
Harsha Vardhan: Buy GTCIND Small Qty abv 465 T1 474 T1 481 SL 455

22 Feb 08, 10:30
Harsha Vardhan: wow what a move in GTC.... Crossed T1... Book Partial profits....

22 Feb 08, 10:39
Harsha Vardhan: GTCIND non stop.... crossed T2 also... book little more profits.... and revised T3 488 ....

22 Feb 08, 10:58
Harsha Vardhan: NOTE: Information... Not a Call: If anybody wish to average in RIIL ... they can average it... upward movements is expected later today....

22 Feb 08, 11:07
Harsha Vardhan: what a move in RIL ... information given at 1385.... CMP 1449.95....enjoy...upmove of Rs 65 ....

22 Feb 08, 11:09
Harsha Vardhan: Cover ur average shares in RIIL ...... profit of Rs 65 in 15 min.....

22 Feb 08, 11:57
Harsha Vardhan: NIIT TECH... looking very strong Buy small Qty CMP 235.65 Tgt 240 SL 235 ( Trade only you u must)

22 Feb 08, 11:58
Harsha Vardhan: Allcargo Achieved T1..... Book Partial profits......

22 Feb 08, 12:02
Harsha Vardhan: Correction : NIIT TECH... looking very strong Buy small Qty CMP 135.65 Tgt 140 SL 135 ( Trade only you u must)

22 Feb 08, 13:15
Harsha Vardhan: Renuks non stop..... book profits in renuka... those who have reentered yesterday at 1037 / 1040... HOD 1074 almost achieved the revised tgt....

22 Feb 08, 14:14
Harsha Vardhan: GTC IND crossed the revised tgt of 488 ..... book little more profits CMP 491....

22 Feb 08, 14:22
Harsha Vardhan: Book Full profits in GTCIND... CMP 498 ..Buy call given at 465... Call over.. Enjoy the profit of Rs 33

22 Feb 08, 16:13
Harsha Vardhan: Bye Everybody.... Have A Nice Evening and Great Weekend.....


Profit

RIL = Rs 65
GTCIND = Rs 33
Allcargo = Rs 10
Sail = Rs 5
Tatasteel = Rs – 7 (loss)

Chat Calls of 21.02.2008

21 Feb 08, 09:46
Harsha: Gud Morning.... Everybody .... All the best for Trading....

21 Feb 08, 09:48
Harsha: Nifty Feb Fut Above 5175 Target 5386 Below 5070 Target 4975 or lower

21 Feb 08, 09:48
Harsha: Reliance Energy Buy above 1600 T1 1625 T2 1645 SL 1575

21 Feb 08, 09:48
Harsha: Buy Punj Lloyd abv 371 T1 376 T2 381 SL 368

21 Feb 08, 09:59
Harsha: Buy Small Qty of OCL abv 295 T1 308 T2 313 SL 290

21 Feb 08, 10:08
Harsha: Buy Small Qty of Essar Oil around 243/ 244 T1 253 T2 258 T3 263 SL 236

21 Feb 08, 10:24
Harsha: OCL achieved T1 Book Partial Profits.....

21 Feb 08, 10:25
Harsha: OCL crossed T2 also...... Revised Target .... 319.40

21 Feb 08, 10:27
Harsha: OCL crossed the revised tgt ...HOD 323..... Book full profits ... and re enter at 318 / 317 ...

21 Feb 08, 10:28
Harsha: Dear Premium Members ... Buy OCL on declines and hold it for 2 days......

21 Feb 08, 10:33
Harsha: Those who have Bought Punj Lloyd... Book full profits crossed T2 .... HOD 384

21 Feb 08, 11:42
Harsha: Buy Small Qty of Infosys around 1605 / 1608 T1 1625 T2 1638 SL 1600

21 Feb 08, 11:48
Harsha: HCL TECH opened High at 289.80 ... and declined and started recovering.....Yesterdays call(Buy HCL Tech abv 280 T1 288 T2 297 SL 267)

21 Feb 08, 11:54
Harsha: Renuka Buy around 1010 T1 1040 T2 1065 SL 1000

21 Feb 08, 11:55
Harsha: Renuka Non Stop ...... Crosses T1 CMP 1045....Book partial Profits....

21 Feb 08, 12:14
Harsha: Infosys is slowly heading to wards T1.... book partial profits at T1 1625 ....

21 Feb 08, 12:34
Harsha: The IPO of Rural Electrification Corporation (REC) was subscribed 2.74 times by 11:00 IST on the third day of its issue today, 21 February 2008.

21 Feb 08, 12:37
Harsha: US Market witnessed a roller coaster ride but finally closed modestly higher on Wednesday, 20 February 2008, helped by strong quarterly earnings and the prospect of further cut in interest rates.

21 Feb 08, 12:39
Harsha: Infosys Achieved T1 Book Partial Profits......

21 Feb 08, 13:23
Harsha: OCL ... buy on declins and hold it for 2 days...

21 Feb 08, 13:27
Harsha: Renuka also still looking strong.....

21 Feb 08, 13:32
Harsha: 3IINFOTECH.... started moving.....

21 Feb 08, 13:51
Harsha: Renuka achieved T2... Book full profits....

21 Feb 08, 14:08
Harsha: Those who have booked profits in Renuka.... can re enter around 1037 / 1040 ..... for the tgts of 1065 and 1077 SL 1030

21 Feb 08, 14:39
Harsha: yes vinay....join in the Chat forum.....

21 Feb 08, 15:08
Harsha: HCL TECH heading towards T1..... keep booking Partial profits....

21 Feb 08, 15:11
Harsha: Re entry Buy call given for RENUKA at 1037 / 1040 ... slowly Heading to wards tgt.... Keep booking Profits....

21 Feb 08, 15:14
Harsha: OCL on zoooom.... re entry buy call given at 317.....

21 Feb 08, 15:15
Harsha: OCL on zoooom.... re entry buy call given at 317.....HOD 324.75

21 Feb 08, 15:24
Harsha: Hold OCL for tomorrow and Exit in the early morning around 335 / 338 levels...

21 Feb 08, 15:26
Harsha: HCL TECH achieved T1 Book Partial profits....

21 Feb 08, 15:28
Harsha: Infosys achieved T2 also... book Full Profits........

IPL Player Auction Results

Delhi
x-Virender Sehwag, India
Gautam Gambhir, India, $725,000
Manoj Tiwari, India, $675,000
Mohammad Asif, Pakistan, $650,000
Daniel Vettori, New Zealand, $625,000
Dinesh Karthik, India, $525,000
Shoaib Malik, Pakistan, $ 500,000
A.B. de Villiers, South Africa, $300,000
Tillekeratne Dilshan, Sri Lanka, $250,000
Farveez Maharoof, Sri Lanka, $225,000

Hyderabad
Andrew Symonds, Australia, $ 1.35 million
R.P. Singh, India, $875,000
Rohit Sharma, India, $750,000
Adam Gilchrist, Australia, $700,000
Shahid Afridi, Pakistan, $675,000
Herschelle Gibbs, South Africa, $575,000
V.V.S. Laxman, India, $375,000
Chaminda Vaas, Sri Lanka, $200,000
Scott Styris, New Zealand, $175,000
Nuwan Zoysa, Sri Lanka, $110,000
Chamara Silva, Sri Lanka, $100,000

Jaipur
Mohammad Kaif, India, $675,000
Graeme Smith, South Africa, $475,000
Yusuf Pathan, India, $475,000
Shane Warne, Australia, $450,000
Munaf Patel, India, $275,000
Younis Khan, Pakistan, $225,000
Kamran Akmal, Pakistan, $150,000

Mohali
x-Yuvraj Singh, India
Irfan Pathan, India, $925,000
Brett Lee, Australia, $900,000
Kumar Sangakkara, Sri Lanka, $700,000
Shantakumaran Sreesanth, India, $625,000
Mahela Jayawardene, Sri Lanka, $475,000
Piyush Chawla, India, $400,000
Ramesh Pawar, India, $170,000

Mumbai
x-Sachin Tendulkar, India
Sanath Jayasuriya, Sri Lanka, $975,000
Harbhajan Singh, India, $850,000
Robin Uthappa, India, $800,000
Shaun Pollock, South Africa, $550,000
Lasith Malinga, Sri Lanka, $350,000
Dilhara Fernando, Sri Lanka, $150,000

Bangalore
x-Rahul Dravid, India
Jacques Kallis, South Africa, $900,000
Anil Kumble, India, $500,000
Cameron White, Australia, $500,000
Zaheer Khan, Bangalore, $ 450,000
Mark Boucher, South Africa, $450,000
Nathan Bracken, Australia, $325,000
Dale Steyn, South Africa, $325,000
Wasim Jaffer, India, $150,000

Calcutta
x-Sourav Ganguly, India
Ishant Sharma, India, $950,000
Chris Gayle, West Indies, $800,000
Brendon McCullum, New Zealand, $700,000
David Hussey, Australia, $625,000
Shoaib Akhtar, Pakistan, $425,000
Murali Karthik, India, $425,000
Ricky Ponting, Australia, $400,000
Ajit Agarkar, India, $350,000
Umar Gul, Pakistan, $150,000

Chennai
Mahendra Singh Dhoni, India, $1.5 million
Jacob Oram, New Zealand, $675,000
Albie Morkel, South Africa, $675,000
Suresh Raina, India, $650,000
Muttiah Muralitharan, Sri Lanka, $600,000
Matthew Hayden, Australia, $375,000
Stephen Fleming, New Zealand, $350,000
Parthiv Patel, India, $325,000
Joginder Sharma, India, $225,000
Makhaya Ntini, South Africa, $200,000


Msg Sent By Mr Rajesh AVR

Chat Calls of 20.02.2008

20 Feb 08, 09:40
Harsha: Nifty Feb Fut Above 5220 Target 5386 Below 5220 Target 5175 or lower

20 Feb 08, 09:40
Harsha: Buy Rel Cap abv 2155 T1 2180 T2 2200 SL 2135

20 Feb 08, 09:40
Harsha: Buy Sail abv 232 T1 237 T2 241 SL 228

20 Feb 08, 09:58
Harsha: Avioid Rel Cap for 5 min ....and buy......

20 Feb 08, 10:01
Harsha: REL CAP may decline near SL .... so try to Buy Near SL...

20 Feb 08, 10:04
Harsha: Our BTST Call ONMobile is Rocking.... Buy call Given at 510... CMP 532.... Book Partial Profits....

20 Feb 08, 10:07
Harsha: OnMobile Non Stop........CMP540... High risk Trader can Re enter for quick profits of Rs 10 to Rs 15......

20 Feb 08, 10:10
Harsha: OnMobile ..... Non Stop ..... CMP 557.80... Book Partial Profits.. Re entry Buy Call Given at Rs 540 ...

20 Feb 08, 10:15
Harsha: ReL Cap ... advised to Buy near SL and it declined to 2137 those who have bought it .... Kindly raise ur SL to abv ur buy Price... CMP 2158.....Book partial profits

20 Feb 08, 10:46
Harsha: Those who have shorted NIFTY ...cover ur shorts ... ( Below 5220 Target 5175 or lower ) CMP 5143.... Profit of Rs Rs 75 +...

20 Feb 08, 11:01
Harsha: Buy REL around 1595 / 1600 T1 1635 T2 1655 SL 1576

20 Feb 08, 12:44
Harsha: The IPO of Rural Electrification Corporation (REC) was subscribed 2.46 times on the second day of the issue today, 20 February 2008. The IPO received bids for 38.37 crore shares as compared to 15.61 c

20 Feb 08, 12:44
Harsha: 15.61 crore shares on offer. The price band for the IPO is Rs 90 to Rs 105. The issue closes on 22 February 2008.

AHMEDFORGE

The Q2FY2008 results of Ahmednagar Forgings Ltd (AFL) are below our estimates.
*
The company's sales for the quarter grew by only 8.8% to Rs165.8 crore. The domestic sales remained flat at Rs111 crore and the export sales grew by 30% to Rs54 crore. The export revenues were flat on a quarter-on-quarter (q-o-q) basis.
*
The operating profit margin (OPM) has been maintained at 20.6%. As a result, the operating profit grew by 8.5% to Rs34.2 crore. Higher interest and depreciation costs led the profit after tax (PAT) to remain flat at Rs17.7 crore.
*
The ramp up in exports is not happening, as expected. There has been a delay in product approvals for exports. The domestic revenues are also not growing due to a slowdown in the domestic market.
*
AFL is making preferential allotment of 17 lakh shares and 38 lakh warrants to its promoters at a price of Rs240, thereby raising Rs132 crore. The funds will be used in buying assets such as forging lines. The preferential allotment would lead to an equity dilution of 16%. The resolution to raise money through debt of Rs2,000 crore has also been cleared.
*
Slow ramp up in exports, slow down in domestic market and 16% equity dilution would be a dampener on AFL's performance. We downgrade our earning estimates for FY2008 and FY2009 by 25% to Rs16.3 and Rs20.6 respectively. At the current market price of Rs203, the stock is trading at 9.9x its FY2009E earnings and is available at an enterprise value (EV)/earnings before interest, depreciation, tax and amortisation (EBIDTA) of 6.0x.

REL may get Mumbai trans-horbour project ....

A consortium led by Anil Dhirubhai Ambani Group's Reliance Energy (REL) is all set to get the contract for the prestigious Mumbai trans-harbour link project.

The project, which will link Sewri in the island city and Nava-Sheva across the creek, is part of the state government's ambitious $40 billion makeover plan for Mumbai.


Msg By Mr Ravi Singh

NOT SO GOOD NEWS IN FRONT LINES

RBI rejects proposal for higher equity exposure RBI has rejected a proposal to increase the current capital market exposure limit of 40% (of networth) for banks. Recently, Bank of India, IndusInd Bank, Kotak Mahindra Bank and HDFC Bank had proposed a hike in the limit. Among the banks proposing higher equity exposure, HDFC bank has an exposure of 70.6% and had proposed a limit of 55%. In response, RBI has asked the bank to reduce its exposure to 40% limit by April 2008. RBI's decision to maintain status quo on the capital market exposure limit is based on the recent volatility in capital markets coupled with wide spread fears of recession in US following the mortgage turmoil.

Msg By Mr Jaydeep AVR PT

Reliance Power Free Bonus Shares

Reliance Power Board will give free bonus shares to all it’s shareholders to compensate the losses everyone of us suffered when the company was listed a week ago and now trading at Rs 375.

The company said its board would consider the free bonus shares at a meeting next Sunday, February 24, to benefit over four million of its investors and the cost would be accepted by promoter group by way of diluting its shareholders.

RNRL Approaches Court Aganist RIL

1. RNRL had moved to the court for clarity on orders on February 11.

2. The next hearing on the RIL-RNRL is expected to begin on February 25.

3. The interim order restricts RIL to enter into third party commitments.

4. However please note that whatever be the outcome of RNRL the stock is trading at a high valuations without any fundamnetals and is only shining by virtue of relaince tag.

Chat Calls of 15.02.2008

15 Feb 08, 09:47
Harsha: Gud Morning ... All The Best For Trading.....

15 Feb 08, 09:48
Harsha: Buy ONGC abv 1010 T1 1030 T2 1045 SL 990

15 Feb 08, 09:48
Harsha: Buy Bank of Baroda around 390/392 T1 398 T2 405 SL 385

15 Feb 08, 09:48
Harsha: Buy Adlabs abv 865 T1 880 T2 890 SL 850

15 Feb 08, 09:48
Harsha: Buy HEG abv 289 T1 294 T2 298 SL 285

15 Feb 08, 09:48
Harsha: Buy Hindustan Dorr-Oliver abv 133.50 T1 138 T2 141 SL 131

15 Feb 08, 10:03
Harsha: Correction; ONGC*..... Non Stop ....opened at 950...... and achieved T1 of 1030.... Book Partial Profits...

15 Feb 08, 10:14
Harsha: Buy JPASSO CMP 280 T1 288 T2 294 SL 276

15 Feb 08, 10:23
Harsha: HEG Achieved Both the Targets.... Book Profits....(Buy HEG abv 289 T1 294 T2 298 SL 285)

15 Feb 08, 10:28
Harsha: Buy Call for Hindustan Dorr-Oliver STANDS CANCELLED... its not moving abv 133.50....

15 Feb 08, 10:33
Harsha: ONGC crossed Second Target also (CMP 1048) Book Little more profits...and rest book when u feel enough......

15 Feb 08, 10:53
Harsha: Hindustan Dorr-Oliver ...slowly achieved T1.....

15 Feb 08, 10:56
Harsha: ADLABS crossed T1 Book Partial Profits......

15 Feb 08, 10:59
Harsha: Adlabs rocking....crossed target 2......cmp 895.....book full profits....

15 Feb 08, 11:17
Harsha: ADLABS Non Stoppppppppppppppppp.....

15 Feb 08, 11:19
Harsha: Bank of Baroda Achieved T1.... Book Partial Profits.....

15 Feb 08, 11:29
Harsha: See the volume in JPASSO 65 lakhs to 80 lakhs in cash.... but its not moving.... have patience... and hold it with strict SL

15 Feb 08, 11:36
Harsha: In the morning i have given 6 calls ... and out of 6 calls 3 calls rocked HEG, ONGC and ADLABS .... 2 calls achieved Tgts ... Only JPASSO is not moving.....

15 Feb 08, 12:02
Harsha: Unbelievable volume in JPASSO.... crossed 1 crore....

15 Feb 08, 12:24
Harsha: JPASSO back on Track.......

15 Feb 08, 12:57
Harsha: Bank of Baroda ..heading towards T2..... HOD 403...... Book profits.....

15 Feb 08, 13:01
Harsha: JPASSO not moving ...... HOD 285.50....Book profits or hold it with SL abv ur Buy price ... Buy call Given at 280

15 Feb 08, 13:16
Harsha: ooopssssss JPASSO atlast crossed T1.....Keep booking profits.......

15 Feb 08, 13:50
Harsha: Buy ICICI Bank For profits of Rs 15 to Rs 20 CMP 1185 SL 1180

15 Feb 08, 13:54
Harsha: Buy Small Qty Of Essar Oil around 228 / 229 T1 234 T2 237 SL 225

15 Feb 08, 14:22
Harsha: Essar oil Achivied T1.... Book partial profits....

15 Feb 08, 15:07
Harsha: Essar Oil crossed T2... Book little more profits.... and rest sell at 238.50 levels....

15 Feb 08, 15:17
Harsha: Book Full profits in ICICI BANK....CMP 1195...

15 Feb 08, 15:22
Harsha: Todays all calls have made Good profits..... Enjoy the Weekend....

Chat Calls of 14.02.2008

14 Feb 08, 09:53
Harsha: Gud Morning Everybody... Happy Valentine Day ...All The best For Trading....

14 Feb 08, 09:54
Harsha: Todays watch List: Ranbaxy , Crompton , MTNL and Sail

14 Feb 08, 09:56
Harsha: Buy MTNL abv 121.65 T1 125 T2 128 SL 119

14 Feb 08, 09:56
Harsha: Buy Ranbaxy abv 370 T1 376 T2 381 SL 367

14 Feb 08, 09:56
Harsha: Buy Crompton Greaves abv 280 T1 286 T2 289 SL 277

14 Feb 08, 09:57
Harsha: Dont Buy the scrips ...which opened near T1.....

14 Feb 08, 10:26
Harsha: Updates: (Harsha (2/12/2008 2:18:55 PM): Short Term Call: Buy Jupiter Bioscience Ltd, (BSE Code : 524826) on declines to 110 levels (multibagger), Buy REL on declines to 1500 levels, SUZLON ar

14 Feb 08, 10:26
Harsha: around 290 levels ) Book Profits in all counters Jup Bio CMP 122.70 , REL 1630, Suzlon 325..

14 Feb 08, 10:36
Harsha: Suresh AVR .. Book 50% of Profit in VSNL and for the rest Raise the SL 498 Exit around 505 / 508 .. bought at 485 2 days back ... CMP 502

14 Feb 08, 11:01
Harsha: Short Term Call: Buy Lakshmi Machine CMP 1970 and Hold it For 4 to 6 months....

14 Feb 08, 11:56
Harsha: Buy REL abv 1640 T1 1665 T2 1680 SL 1633

14 Feb 08, 12:08
Harsha: MTNL achived t1 Book Partial Profits....

14 Feb 08, 12:11
Harsha: Investment call of Lakshmi machine is non stop ... Buy call Given at 1970 CMP 2030.....

14 Feb 08, 12:26
Harsha: REL crossed T1 Book Partial Profits....

14 Feb 08, 12:41
Harsha: REL heading towards T2 of 1680... Book full profits...CMP 1678 ... Buy call given at 1640

14 Feb 08, 12:50
Harsha: Buy REL CAP (Small qty) around 1910 T1 1935 T2 1950 SL 1890

14 Feb 08, 14:16
Harsha: If NIFTY closes tomorrow near 200 DMA ... i think NO MORE BEAR RUN

14 Feb 08, 14:28
Harsha: Due to Hike in Petrol and Diesel price....Slowly market has started slipping ...

14 Feb 08, 14:42
Harsha: If anybody bought REL CAP Book profits... Exit Now CMP 1945...

14 Feb 08, 15:10
Harsha: Risk Traders Buy REL CAP for Quic profits of Rs 15 to 20 Buy around 1965 Sl 1955

14 Feb 08, 15:13
Harsha: REL CAP........1965 to 1989.70 Book 75% of profits Buy call give at 1965....

14 Feb 08, 15:14
Harsha: REL CAP for the rest 25% place sell order at 1998

14 Feb 08, 15:17
Harsha: REL CAP exactly Touched 1998 ........ Day and Call is Over ....Enjoy

14 Feb 08, 15:35
Harsha: Bye Everybody...... Hope u all Enjoyed.... Have A Nice Evening....

Chat Calls of 12.02.2008

Harsha: Nifty: Support at 4830/4760/4682/4556/4500/4450.. Resistance for up move at 4880/4955/5035/5076..

12 Feb 08, 09:54
Harsha: Short sell Mundra Port around 770 / 785 SL 800

12 Feb 08, 10:00
Harsha: Buy VSNL at 490 T1 497 T2 503 T3 507 SL 486

12 Feb 08, 10:08
Harsha: VSNL Below SL......

12 Feb 08, 10:13
Harsha: If anybody shorted MUNDRAPORT at opening.... cover ur shorts....down by Rs 40+

12 Feb 08, 10:15
Harsha: Buy Small Qty of HDFC around 2655 / 2660 T12688 T2 2703 T3 2725

12 Feb 08, 10:20
Harsha: Buy BHEL around 1880 T1 1925 T2 1940 T3 1965 SL1850

12 Feb 08, 10:26
Harsha: HDFC Achieved T1 of 2688 Buy call given at 2655.. Book partial profits....

12 Feb 08, 10:58
Harsha: Those who have booked profit in HDFC at T1 .. can re enter at 2640 levels with Strict SL at 2630 (no fresh entries are suggested)

12 Feb 08, 11:19
Harsha: yesterdays BTST call (11 Feb 08, 15:28,Harsha: BTST Buy infosys CMP 1565) is rocking Book profits CMP 1600 ... profit of Rs 35....

12 Feb 08, 11:23
Harsha: BHEL is heading towards T1 ... buy call given at 1800 .... book partial profits and raise SL to abv ur Buy price....

12 Feb 08, 11:24
Harsha: Correction: 1800* = 1880

12 Feb 08, 11:32
Harsha: BHEL crossed the T1 of 1925 ... buy call given at 1880

12 Feb 08, 11:34
Harsha: BHEL heading towards T2 of 1940 .......

12 Feb 08, 11:35
Harsha: BHEL achieved T2 also book profits.... CMP 1944

12 Feb 08, 11:49
Harsha: Foreign Funds and LIC entered the market in a big way .... though it is not an indication of market bottoming out... stay away from trading.... or trade in small qtys....

12 Feb 08, 13:36
Harsha: Risk Traders : Buy REL for the quick profits of Rs 20 to 30 ...... CMP 1585 SL 1575

12 Feb 08, 14:40
Harsha: REL 1604......buy call given at 1585

12 Feb 08, 14:58
Harsha: Those who have re entered HDFC at 2640.... exit now CMP 2650

Anil's IPO gets better first-day response than Mukesh's

MUMBAI: Anil Ambani-led Reliance Power on Tuesday dwarfed Reliance Petroleum, headed by elder brother Mukesh, in terms of first-day response to their initial public offers as it generated nearly five times higher demand on the bourses.

After making a sort of history by getting fully subscribed within a minute of commencement of bidding for shares on the offer, Reliance Power IPO ended its first day with an over-subscription of 10.52 times. In comparison, the initial public offer of Reliance Petroleum was subscribed 7.5 times on the first day of IPO on April 13, 2005.

The first-day total demand for Reliance Petroleum shares was worth about Rs 20,500 crore, while Reliance Power today generated demand of shares worth about Rs 1,08,000 crore with almost all the bids coming in at the top end of the Rs 405-450 per share price band.

Reliance Petroleum IPO was subscribed 52 times at the end of the bidding process with total demand worth about Rs 1,43,500 crore (32 billion dollars). The IPO had raised close to Rs 2,700 crore, while Anil Ambani group is looking to raise upto Rs 11,700 crore from the country's biggest IPO.

The refining firm had sold 45 crore shares in its IPO at a price of Rs 60 per share, while the power company is offering 22.8 crore shares at a premium to the public.

Reliance Power will get a market capitalisation of more than Rs 1,00,000 crore even if it lists at Rs 405, the lower end of the price band. Currently, Reliance Petroleum has a market capitalisation of Rs 98,865 crore.

Reliance Power premium slips in grey market

MUMBAI: Shrinking grey market premium in the Reliance Power issue, as a result of the bearish mood in the market in the past two sessions, is prompting investors in the non-institutional category to reduce their exposure to the issue. According to market sources, the grey market premium has now slipped to Rs 280, compared to Rs 320 on Tuesday and is way below the price of Rs 400 it had been commanding last week.

Many HNIs are said to have informed non-banking finance companies that they will not be requiring the entire lot of funds that they had initially committed to borrow. If the premium in the grey market narrows down, it would mean lower gains on the day of listing.

For those looking to booking profit immediately on listing this could be a loss making proposition because the listing price has to be significantly higher to cover the cost of borrowed funds. But this could be a boon to some other investors, who are taking a slightly longer-term view on the stock.

If one section of investors pull out, others are likely to get higher allotments. Should the market bounce back around the time of listing, these investors stand to earn higher profits. A day before the Reliance Power issue opened, the premium was hovering at Rs 380, more than 80% over the upper price band. Sensing this interest among retail and high net worth investors, banks and finance houses (many of which are arms of brokerages) have lined up for funding subscription.

Todays Chat Calls: 08.02.2008

8 Feb 08, 09:47
Harsha: Buy REL on declines or above 2000 T1 2040 T2 2065 SL 1975

8 Feb 08, 09:47
Harsha: Buy Bharat Electronics at 1442 T1 1457 T2 1463 SL 1437

8 Feb 08, 09:48
Harsha: Buy Repro India at 133.50 T1 136.50 T2 139.50 SL 131.20

8 Feb 08, 09:50
Harsha: Keep an eye on Suzlon....

8 Feb 08, 09:52
Harsha: IMPORTANT Market Volatility can easily make a mockery of the Stop Loss / Support / Resistance levels. Element of risk is more profound in these markets. Markets are not for the small players. TRADE ON

8 Feb 08, 09:52
Harsha: TRADE ONLY IF YOU MUST else Take an early weekend off.

8 Feb 08, 09:54
Harsha: Short sell VSNL at opening SL 508

8 Feb 08, 10:01
Harsha: Those who have Shorted VSNL at 490 Levels... Cover ur partial shorts ..its down by Rs 30+....and for rest Keep SL at 465

8 Feb 08, 10:08
Harsha: Repro India..Achived T1... Book Partial Profits...

8 Feb 08, 10:13
Harsha: Bombay Dyeing: Ness Wadia confirmed to media players on MIG colony redevelopment contract....Press release next week....

8 Feb 08, 10:21
Harsha: Rel achived T1...BPP (Book Partial Profits)...

8 Feb 08, 11:22
Harsha: Cover your full shorts in VSNL shorted around 490... CMP 448.. Profit of Rs 50+...enjoy...

8 Feb 08, 11:23
Harsha: Correction: Profit of Rs 50+ = Rs 40+

FII

FII Overseas investors have emerged as the second biggest shareholder class in Anil Ambani Group's Reliance Power after its promoters, with a 4.62 per cent stake following allotment of shares in its recently concluded IPO.

Overseas investors have emerged as the second biggest shareholder class in Anil Ambani Group's Reliance Power after its promoters, with a 4.62 per cent stake following allotment of shares in its recently concluded IPO.

Msg By Miss Dolly

Reliance Natural Resources tops volume on BSE

Reliance Natural Resources (down 0.87% at Rs 159.70) clocked the highest volume of 2.35 crore shares on BSE as against it average daily volume of 2.01 crore shares in past one quarter.

Ispat Industries (down 1.96% at Rs 47.55) registered the second highest volume of 2.29 crore shares on BSE as against it average daily volume of 2.21 crore shares in past one quarter.

Nagarjuna Fertilisers and Chemicals (down 0.68% at Rs 51.50) reported the third highest volume of 1.38 crore shares on BSE as against it average daily volume of 57.70 lakh shares in past one quarter.

Reliance Petroleum (down 1.87% at Rs 170.85) recorded the fourth highest volume of 1.24 crore shares as against it average daily volume of 1.57 crore shares in past one quarter.

Tata Teleservices Maharastra (down 2.57% at Rs 39.70) showed the fifth highest volume of 1.20 crore shares as against it average daily volume of 1.43 crore shares in past one quarter.

IFCI (down 3.69% at Rs 66.60) struck the fifth highest volume of 1.17 crore shares as against it average daily volume of 1.50 crore shares in past one quarter.

Todays Calls & Achieved Targets 07.02.2008

Buy Glenmark Pharma abv 498 T1 504 T2 509 SL 495 (HOD 508.70)

Buy XL Telecom and Energy abv 332 T1 338 T2 343 SL 329 (HOD 339.90)

Rel Buy around 2045 / 2055 T1 2070 T2 2085 T3 2095 SL 2034 (HOD 2149)

Todays Chat Calls: 06.02.2008

6 Feb 08, 09:40
Harsha: Nifty Gap Down Opening... If anyone gets at 5400 ..short in the opening bell...... Dont Short at lower levels....

6 Feb 08, 09:47
Harsha: The market is likely to edge lower as Asian markets tumbled after another recessionary piece of US economic data sent Wall Street shares down nearly 3% on Tuesday, 5 February 2008.

6 Feb 08, 09:51
Harsha: Short Sell TITAN Between 1220 /1230 T1 1200 T2 1180 Sl 1250

6 Feb 08, 09:52
Harsha: Use Panic Selling to buy today. Do not Short at lower levels.

6 Feb 08, 11:24
Harsha: Risk Traders can Sell NIFTY around 5340 and cover in Rs 25 to Rs 45 profit...


6 Feb 08, 11:26
Harsha: Nifty Rocking Down 5340 to 5315......

6 Feb 08, 11:27
Harsha: Nifty 5290....book profits......Down Rs 50

6 Feb 08, 11:36
Harsha: Buy Jindalsteel 2500....

6 Feb 08, 11:40
Harsha: Jindalsteel 2500 to 2520....keep the Sl at 2505

6 Feb 08, 12:10
Harsha: Buy GAIL at 417 T1 425 T2 429 SL 415

6 Feb 08, 12:15
Harsha: Buy and Hold JPHYDRO CMP 85 close abv 89 will target 95 to 100 in few sessions. SL 83

6 Feb 08, 12:21
Harsha: Market suppose to recover later today.....

6 Feb 08, 12:39
Harsha: Buy NIFTY CE 5800 at 60 and hold it .....

6 Feb 08, 12:51
Harsha: GAIL and Jphydro ...looking strong ....

6 Feb 08, 13:41
Harsha: GAIL achieved T1 Book partial profits....

6 Feb 08, 13:56
Harsha: Gail Achived T2 ..... Book profits....

6 Feb 08, 14:28
Harsha: Jphydro rocking buy call given at 85..... CMP 89..... Book little porfits....

6 Feb 08, 14:30
Harsha: RNRL ...is rocking.......

6 Feb 08, 14:33
Harsha: RNRL....17 crores volume.....

6 Feb 08, 14:36
Harsha: As i said ....RNRL has crossed 165.......

6 Feb 08, 15:05
Harsha: BTST Buy PFC at 193 SL 190

Important Messege

Mr Jaydeep Kularni and Zafar Rasi are requested to visit CHAT FORUM or PREMIUM BLOG... or Kindly Mail to vardhan8775@yahoo.com.

Thankz

Todays Chat Calls: 05.02.2008

Harsha(2/5/2008 10:28:46 AM): Volatile markets invariably trigger your stops. It is now, more of how deep your pockets are rather than how disciplined you are. Avoid trading for 30 min....

Harsha(2/5/2008 10:46:24 AM): NIFTY: Strong support for down side at 5372/5364/5308/5250.. Resistance for up move at 5500/5540/5564/5600/5630/5648/5658…

Harsha(2/5/2008 11:07:04 AM): Sensex is at crusial Resistance....

Harsha(2/5/2008 11:08:50 AM): Buy IFCI at 64 T1 67 T2 89 SL 62

Harsha(2/5/2008 11:09:52 AM): Correction: Buy IFCI at 64 T1 67 T2 89* SL 62 89* = 69......Buy IFCI at 64 T1 67 T2 69 SL 62

Harsha(2/5/2008 11:24:43 AM): Update: (Buy Century Text between 875 to 880 T1 905 T2 925 T3 975 SL840) Positional call....crossed T2.... Book partial profits..

Harsha(2/5/2008 11:43:56 AM): Buy Small Qty Of Renuka Sugars at 918/920 T1 938 T2 951 SL 914

Harsha(2/5/2008 12:02:14 PM): Foreign market is weak /down.... To take Indian Mkts to down....

Harsha(2/5/2008 12:25:06 PM): Renuka achived T1... Book partial profits.......

Harsha(2/5/2008 12:38:57 PM): Renuka Heading towards T2....

Harsha(2/5/2008 12:48:45 PM): Renuka achieved T2 ... book profits.....

Harsha(2/5/2008 12:56:10 PM): Those who have booked profit in Renuka at 951.... can reenter at 945 ... for the revised Tgt of 963 / 968

Harsha(2/5/2008 12:58:03 PM): Renuka on fire.......

Harsha(2/5/2008 12:58:37 PM): Renuka on fire.......achived revised Tgt also....

Harsha(2/5/2008 1:03:22 PM): Our yesterday Positional Call : Laxmi Machine; is near T1.... Visit: http://premiumindianstockstrading.blogspot.com/

Harsha(2/5/2008 2:45:13 PM): Positional Call Century Text .... heading towards T3.....(Buycall given Yesterday)

Harsha(2/5/2008 3:14:48 PM): IFCI achived T1 ...book profits....

Indian rupee up on inflow hopes, RBI hand seen

MUMBAI (Reuters) - The Indian rupee strengthened on Friday on expectations of capital inflows after the U.S. Federal Reserve's rate cuts, but traders said the gains were checked by suspected intervention by the Reserve Bank of India.

The partially convertible rupee ended at 39.35/36 per dollar, slightly weaker than the day's high of 39.33, its highest since Jan. 21, according to Reuters data.

The rupee ended at 39.38/39 on Thursday and hit a near-decade high of 39.16 percent in November.

Trading volumes for the day were low at $861 million, data provided by Clearing Corporation of India showed.

"It's been a very dull day, not much trading," said Rohan Lasrado, head of trading at HSBC in Mumbai.

"We've seen capital outflows due to the Reliance (Power) IPO, but these have been offset by capital inflows thanks to the dollar losing ground," he added.

Foreign funds were net sellers of $841.6 billion on Thursday, taking total sales to about $4.8 billion in the last 12 sessions, after pouring $17.4 billion into Indian equities in 2007.

The main share index snapped a four-day fall and rebounded more than 3 percent on Friday.

Traders expect demand for local assets to gather momentum in the near term, as a result of the Fed's recent rate cuts.

The U.S. central bank cut rates by a hefty half percentage point on Wednesday, in an attempt to halt a sharp slowdown in the United States.

Flows of foreign capital into India have been a key driver of the rupee's rise.

The RBI limited its intervention in the currency market on Friday, permitting the rupee to gain slightly, dealers said.

India's central bank aims to check the rupee's rise to ensure Indian exports remain competitive.

"The central bank has not been intervening in the market to the level we anticipated, so we've seen a bit of appreciation," Lasrado added.

Pakistani rupee down to more than 6-year low

KARACHI (Reuters) - The Pakistani rupee weakened to a more than six-year low against the dollar on Friday as importers bought the U.S. currency to clear payments, dealers said.

The rupee closed at 62.64/69, its lowest level since October 2001.

Dealers said rising import payments, especially for oil, and outflows from financial markets had boosted dollar demand.

"Demand for dollar is increasing due to oil and gas payments and also because of outflows from the stock market," said a dealer at a brokerage house.

Short-term money rates fell sharply on Friday amid increased cash inflows this week.

Overnight call rates ended at 0.75 percent, down from Thursday's close of 4 percent.

"Yesterday, there was an inflow of 67 billion rupees against an outflow of about 45 billion rupees, so there is still liquidity in the market," said a brokerage dealer.

Dealers said the central bank may conduct a repo on Saturday to mop up liquidity in line with the tightening of the monetary policy for the six months to June 30.

The central bank on Thursday announced an increase in its discount rate to 10.5 percent from 10.0 percent and the cash reserve requirement to 8.0 percent from 7.0 percent, to tackle inflation and widening external and fiscal deficits.

Positional Calls update. 04.02.2008

Buy ABB between 1125 to 1135 T1 1165 T2 1180 T3 1200 SL 1100

Buy BHEL between 2055 to 2070 T1 2150 T2 2200 T3 2275 SL 2035

Buy Century Text between 875 to 880 T1 905 T2 925 T3 975 SL840

Buy Grasim between 3085 to 3100 T1 3180 T2 3270 T3 3310 SL 3000

Buy IDBI between 114 to 116 T1 122 T2 132 T3 140 SL 110

Buy Laxmi Machine between 2040 to 2060 T1 2250 T2 2375 T3 2500 SL 1900

Once NIFTY reaches 5500 to 5650 levels, at that point we will be exiting all our positions & will be booking profits in all our stocks.

4 Feb 08, 10:16
Harsha Vardhan: NIFTY is at Strong Resi... Start booking ur profits.....

4 Feb 08, 10:19
Harsha Vardhan: ABB achived T3 also.... Book Profits....

4 Feb 08, 10:21
Harsha Vardhan: BHEL achived T1 .... Book partial profits...

4 Feb 08, 10:23
Harsha Vardhan: Century Text achived T1... Book partial Profits...

Todays Chat Calls: 01.02.2008

Buy GMR Infrastructure at 171.50 T1 176 T2 179 SL 168
TISCO Feb Fut Buy above 720 T1 735 T2 745 SL 710
Infosys Feb Fut Buy above 1520 T1 1550 T2 1570 SL 1500
Buy United Phosphorous around 348 T1 355 T2 362 SL 345
Buy Nifty Fut at 5065 T1 5095 T2 5120 SL 5055
Buy RCOM abv 585 T1 595 T2 600 SL 580
Buy WWIL abv 42 T1 45 T2 47 SL 40


1 Feb 08, 10:05
Harsha Vardhan: Infosys Feb Fut Buy above 1520 T1 1550 T2 1570 SL 1500

1 Feb 08, 10:11
Harsha Vardhan: Buy FCH (Fut Cap) at 875 T1 895 T2 905 SL 870

1 Feb 08, 10:30
Harsha Vardhan: FCH Achived T1 Book Partila Profits.....

1 Feb 08, 10:33
Harsha Vardhan: Update: Infosys Feb Fut Buy call given at 1520... Now the CMP is 1540... Raise your SL to 1525

1 Feb 08, 10:48
Harsha Vardhan: Cover partial profits in Century Textiles sold at 854... anf for the rest keep SL at 855

1 Feb 08, 10:50
Harsha Vardhan: Mkt is absolute indecisive and and have slipped almost entire morning gains therefore it is still advised to wait patiently and dont indulge into compulsive trading and wait for some clear signals.

1 Feb 08, 10:56
Harsha Vardhan: Buy United Phosphorous around 348 T1 355 T2 362 SL 345

1 Feb 08, 11:20
Harsha Vardhan: Buy Nifty Fut at 5065 T1 5095 T2 5120 SL 5055

1 Feb 08, 11:24
Harsha Vardhan: Nifty Achived T1

1 Feb 08, 11:32
Harsha Vardhan: Net is slow throughout India.... it will take another 10 days to get rectified..... Reliance Net is totlly shut down...
1 Feb 08, 11:33
Harsha Vardhan: Nifty Near T2.....

1 Feb 08, 11:36
Harsha Vardhan: Nifty Achieved T2 ..Book profits....

1 Feb 08, 12:17
Harsha Vardhan: Buy RCOM abv 585 T1 595 T2 600 SL 580

1 Feb 08, 12:20
Harsha Vardhan: INFOSYS achived T1........

1 Feb 08, 12:23
Harsha Vardhan: Rcom Achived T1 book partial profits....

1 Feb 08, 12:26
Harsha Vardhan: Rcom Achived T1 book partial profits....

1 Feb 08, 12:26
Harsha Vardhan: Buy WWIL abv 42 T1 45 T2 47 SL 40

1 Feb 08, 12:44
Harsha Vardhan: Book full profits in Infosys... Achieved T2 also....

1 Feb 08, 12:45
Harsha Vardhan: RCOM near T2 ... Book full profits...

Redundancy saves Indian BPOs

The damaged undersea cables in the Mediterranean had little impact on the booming information technology industry in India, industry experts told DNA Money. Two cables got damaged Wednesday by the anchor of a ship off the Alexandria cost in Egypt. It has severely impacted internet traffic in West Asia and countries like Pakistan, Bangladesh, and Sri Lanka. Since India has multiple cables landing on its shores, it has been able to minimize the impact.



Rajesh Chharia, president of Internet Service Providers Association of India (ISPAI) explained that half the 20 gigabits of data that flow through FLAG cabling system - one of the damaged cables - is down.

Msg by Mr Saty AVR

India registers 9.6% growth in FY`07

The Finance Ministry on Thursday revised upwards its 2006/07 gross domestic product growth estimate to 9.6 percent from an earlier 9.4 percent, the highest in 18 years. This has led to over 14 percent increase in the per capital income, a government statement said.



The improved growth in the GDP, up from 9.4 per cent in 2005-06, has been achieved due to all around improvement in mining, manufacturing and services sectors, which helped to offset the slower growth in agriculture sector, according to the quick estimates released by the Central Statistical Organisation (CSO).

Msg By Mr Saty AVR